**REGISTERED CHARITY NUMBER: 1186585**
## **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2023 for CRUDWELL PRE-SCHOOL**
Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
**CRUDWELL PRE-SCHOOL**
**Contents of the Financial Statements for the Year Ended 31 July 2023**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 9|
|Detailed Statement of Financial Activities|10 to 11|
## **CRUDWELL PRE-SCHOOL**
## **Report of the Trustees for the Year Ended 31 July 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1186585
## **Principal address**
Village Hall Tetbury Lane Crudwell Malmesbury Wiltshire SN16 9HB
## **Trustees**
Mrs Angie Stinchcombe Treasurer Mrs Catherine Harris Secretary Benjamin Miles John Mrs Katie Helen Marley Haines
## **Independent examiner**
Stephen M Gatter FCA Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
26 November 2019: CIO registration.
CIO - FOUNDATION REGISTERED ON AMENDED ON 19 OCT 2021 as amended on 17 Aug 2022
20 October 2022: Funds received from 1037680 CRUDWELL PRE-SCHOOL
## **Recruitment and appointment of new trustees**
Recruitment is open to all Members (Family membership and Affiliate Membership). All members are invited to the Annual General Meeting (AGM) and we require the candidates to notify our secretary their willingness to stand on the trustee panel, at least two weeks prior to the AGM.
At the AGM, the prospective new elected trustees will be those candidates receiving the highest number of votes from the Members
Every charity trustee must be a natural person.
No individual may be appointed as a charity trustee of the CIO if he or she is under the age of 16 years or if he or she would automatically cease to hold office under the provisions of clause. No one is entitled to act as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee. At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees or appoint a new charity trustee. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.
No Committee Member may be paid for services provided for the Pre-School that form part of their duties as a Committee Member and a Trustee for the Pre-School.
Page 1
**CRUDWELL PRE-SCHOOL**
## **Report of the Trustees for the Year Ended 31 July 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability; Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; Instigating and adhering to the Statutory Framework for the Early Years Foundation Stage .
## **Significant activities**
To enhance the development, care and education of children primarily under statutory school age and also of children and young people of school age by encouraging parents to understand and provide for the needs of their children through community (voluntary managed) groups and by: (a) offering appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children and young people, whatever their race, culture, religion, means or ability (b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local area (c) instigating and adhering to and furthering the aims stipulated by Ofsted.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
The CIO Pre-School is carrying on the same as the charitable setting it was before.
## **FINANCIAL REVIEW**
## FINANCIAL REVIEW AND RESERVES
The preschool is in fairly healthy financial situation all of which is unrestricted funds, as it has been in the past. These funds are held in order to meet any unforeseen expenditure that may occur. The committee regularly review the level for reserves held for the pre-school.
Approved by order of the board of trustees on 9 July 2024 and signed on its behalf by:
Mrs Catherine Harris - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of Crudwell Pre-School**
I report on the accounts for the year ended 31 July 2023, which are set out on pages four to nine.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Stephen M Gatter FCA Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
9 July 2024
Page 3
## **CRUDWELL PRE-SCHOOL**
## **Statement of Financial Activities for the Year Ended 31 July 2023**
|**2023**
**Unrestricted**
**fund**
Notes
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
725
Activities for generating funds
2
447
Investment income
3
3
**Incoming resources from charitable activities**
Pre School Activities
60,291
**Total incoming resources**
61,466
**RESOURCES EXPENDED**
**Costs of generating funds**
Fundraising trading: cost of goods sold and other
costs
40
**Charitable activities**
Pre School Activities
59,999
**Governance costs**
2,022
**Total resources expended**
62,061
**NET INCOMING/(OUTGOING)**
**RESOURCES**
(595)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
45,579
**TOTAL FUNDS CARRIED FORWARD**
44,984|**2022**
**Total**
**funds**
**£**
-
1,412
7
63,281|
|---|---|
||64,700
-
50,614
2,159|
||52,773|
||11,927
33,652|
||45,579|
The notes form part of these financial statements
Page 4
## **CRUDWELL PRE-SCHOOL**
## **Balance Sheet At 31 July 2023**
|**2023**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
852
**CURRENT ASSETS**
Debtors
7
182
Prepayments and accrued income
535
Cash at bank
44,074
44,791
**CREDITORS**
Amounts falling due within one year
8
(659)
**NET CURRENT ASSETS**
44,132
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
44,984
**NET ASSETS**
44,984
**FUNDS**
9
Unrestricted funds
44,984
**TOTAL FUNDS**
44,984|**2022**
**Total**
**funds**
**£**
1,099
132
535
43,855
44,522
(42)
44,480
45,579
45,579
45,579
45,579|
|---|---|
The financial statements were approved by the Board of Trustees on 9 July 2024 and were signed on its behalf by:
Mrs Angie Stinchcombe -Trustee
The notes form part of these financial statements
Page 5
**CRUDWELL PRE-SCHOOL**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Charitable activities**
Charitable activities represent the Pre-school fee income from parents, combined with funding from Wiltshrie County Council in respect of the Governments policy on free early education or childcare
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|Fundraising events
**3.**
**INVESTMENT INCOME**
Deposit account interest|2023
£
447
2023
£
3|2022
£
1,412|
|---|---|---|
|||2022
£
7|
Page 6
**CRUDWELL PRE-SCHOOL**
## **Notes to the Financial Statements - continued for the Year Ended 31 July 2023**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
Mrs Catherine Harris (a member of staff of the Pre-School) became a Trustee on the 1st August 2021, her remuneration as a member of staff is included in the Wages and Salaries costs of the Pre-School under note 5 to these accounts.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022 .
## **5. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:|2023
£
47,570
678
48,248
2023
-|2022
£
38,844
361|
|---|---|---|
|||39,205|
|||2022
-|
No employees received emoluments in excess of £60,000.
## **6. TANGIBLE FIXED ASSETS**
|**6.**|**TANGIBLE FIXED ASSETS**|||
|---|---|---|---|
||||**Computer**|
||||**equipment**|
||||£|
||**COST**|||
||At 1 August 2022||12,369|
||Additions||580|
||At 31 July 2023||12,949|
||**DEPRECIATION**|||
||At 1 August 2022||11,270|
||Charge for year||827|
||At 31 July 2023||12,097|
||**NET BOOK VALUE**|||
||At 31 July 2023||852|
||At 31 July 2022||1,099|
|**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||2023|2022|
|||£|£|
||Trade debtors|182|132|
Page 7
## **CRUDWELL PRE-SCHOOL**
## **Notes to the Financial Statements - continued for the Year Ended 31 July 2023**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||2023|2022||
|---|---|---|---|---|
|||£|£||
|Trade creditors||200|129||
|Taxation and social security||282|(178)||
|Other creditors||177|91||
|||659|42||
|**MOVEMENT IN FUNDS**|||||
|||**Net**|||
|||**movement in**|||
||**At 1.8.22**|**funds**|**At 31.7.23**||
||**£**|**£**|**£**||
|**Unrestricted funds**|||||
|General fund|45,579|(595)|44,984||
|**TOTAL FUNDS**|45,579|(595)|44,984||
|Net movement in funds, included in the above are as follows:|||||
||**Incoming**|**Resources**|**Movement in**||
||**resources**|**expended**|**funds**||
||**£**|**£**|**£**||
|**Unrestricted funds**|||||
|General fund|61,466|(62,061)|(595)||
|**TOTAL FUNDS**|61,466|(62,061)|(595)||
|**Comparatives for movement in funds**|||||
|||**Net**|||
|||**movement in**|||
||**At 1.8.21**|**funds**|**At 31.7.22**||
||**£**|**£**|**£**||
|**Unrestricted Funds**|||||
|General fund|33,652|11,927|45,579||
|**TOTAL FUNDS**|33,652|11,927|45,579||
||||||
|Comparative net movement in funds, included in the above are as follows:|||||
||**Incoming**|**Resources**|**Movement in**||
||**resources**|**expended**|**funds**||
||**£**|**£**|**£**||
|**Unrestricted funds**|||||
|General fund|64,700|(52,773)|11,927||
|**TOTAL FUNDS**|64,700|(52,773)|11,927||
||||||
**9. MOVEMENT IN FUNDS**
Page 8
**CRUDWELL PRE-SCHOOL**
## **Notes to the Financial Statements - continued for the Year Ended 31 July 2023**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Net**
**movement in**
**At 1.8.21**
**funds**
**At**
**£**
**£**
**Unrestricted funds**
General fund
33,652
11,332
**TOTAL FUNDS**
33,652
11,332|**31.7.23**
**£**
44,984|
|---|---|
||44,984|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement in**|
|---|---|---|---|
||**resources**|**expended**|**funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|126,166|(114,834)|11,332|
|**TOTAL FUNDS**|126,166|(114,834)|11,332|
Page 9
## **CRUDWELL PRE-SCHOOL**
## **Detailed Statement of Financial Activities for the Year Ended 31 July 2023**
|**INCOMING RESOURCES**
**Voluntary income**
Gifts
Donations
**Activities for generating funds**
Fundraising events
**Investment income**
Deposit account interest
**Incoming resources from charitable activities**
Wiltshire Council Funding
Attendance Fees
HMRC CJRS Grant
**Total incoming resources**
**RESOURCES EXPENDED**
**Fundraising trading: cost of goods sold and other costs**
Fund Raising Events Costs
**Charitable activities**
Wages
Pensions
Rent, Rates and water
Insurance and Subscriptions
Telephone
Repairs and Maintenance
Motor and Travel Expenses
Equipment, stationary and post
Staff Training
Refreshments and Groceries
Uniforms
HUGGG Vouchers
Computer equipment
**Governance costs**
Accountancy
Professional charges and subs|2023
£
(1)
726
725
447
3
47,868
12,423
-
60,291
61,466
40
47,570
678
5,427
980
243
-
36
2,575
219
374
360
635
827
59,924
1,962
60
2,022|2022
£
-
-|
|---|---|---|
|||-
1,412
7
50,450
10,944
1,887|
|||63,281|
|||64,700
-
38,844
361
5,442
733
368
744
120
1,638
426
416
-
525
957|
|||50,574
1,962
197|
|||2,159|
## **Support costs**
This page does not form part of the statutory financial statements
Page 10
## **CRUDWELL PRE-SCHOOL**
## **Detailed Statement of Financial Activities for the Year Ended 31 July 2023**
|**Finance**
Bank charges
**Total resources expended**
**Net (expenditure)/income**|2023
£
75
62,061
(595)|2022
£
40|
|---|---|---|
|||52,773|
|||11,927|
This page does not form part of the statutory financial statements
Page 11