CHAIR OF TRUSTEES SUMMARY
COURT FIELDS PRE SCHOOL CIO
FINANCES 2024/2025.
~~~~~~~~~~~~~~~~~~~~~~~~~~~
CHAIR’S REMARKS.
Another difficult year, with rising Staff costs, and stagnant child hourly rates from the Government. Despite this the Setting kept its head above water, recording a £25,231 loss against an additional ‘one off’ expenditure of over £32,000. The Setting continues to be managed exceptionally well by Sheryl. The Preschool is running at capacity, although the intake has been deliberately reduced to allow for more effective management.
PREMISES
The Preschool finally has a satisfactory Tenancy Agreement with the Council. However, many issues are still outstanding, and difficulties being experienced with Council in reaching a resolve. Ongoing.
CLOSING COMMENTS
Once again, Trustees are very pleased with both the financial, and the physical performance of the CIO. The Board acknowledges, with thanks, that the team of staff have been the reason for the continued success of the setting, more than ably led by Shery Higgs, our Manager.
Court Fields Pre School CIO
Statement of Accounts
31 August 2025
Charity No: 1187250
Court Fields Pre School CIO Report and Accounts for the year ended 31 August 2025
| Trustees | Katherine Chapman | |
|---|---|---|
| Darren Wannell | ||
| John Marsh | ||
| Sheryl Higgs | ||
| Address | Wellington Youth Centre | |
| Mantle Street | ||
| Wellington | ||
| Somerset | ||
| TA21 8SW | ||
| Charity No: | 1187250 | |
| Accountants | TS Partners Ltd | |
| 9 High Street | ||
| Wellington | ||
| Somerset | ||
| TA21 8QT | ||
| INDEX: | Accountants Report | 2 |
| Balance Sheet | 3 | |
| Profit and Loss Account | 4 | |
| Notes to the Accounts | 5 |
Page 1
Court Fields Pre School CIO Independent Examiners Report for the year ended 31 August 2025
We report on the accounts of the trust for the year ended 31st August 2024 which are set out on pages 2 to 4.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to our attention
Basis of independent examiner's report
Our examination was carried out in accordance with the general directions given by the charity commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. These procedures undertaken do not provide all the evidence that would be required by an audit and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
TS Partners Ltd 9 High Street Wellington Somerset TA21 8QT
Page 2
Court Fields Pre School CIO Balance Sheet for the year ended 31 August 2025
| Court Fields Pre School CIO Balance Sheet for the year ended 31 August 2025 |
|||||
|---|---|---|---|---|---|
| CURRENT ASSETS Deposit accounts Current accounts Cash-in-hand Deduct : CURRENT LIABILITIES Accruals NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL EMPLOYED Unrestricted Fund Restricted funds |
Notes | £ 82,884 87,891 14 |
2025 £ 170,789 170,789 170,789 - 170,789 |
£ 51,187 114,148 14 |
2024 |
| 2 3 |
£ 158,053 |
||||
| 170,789 | 165,349 | ||||
| 7,296 | |||||
| - | 7,296 | ||||
| 158,053 | |||||
| 158,053 - |
|||||
| 158,053 |
Page 3
Court Fields Pre School CIO Profit and Loss Account for the year ended 31 August 2025
| INCOME Attendance fees Fundraising Donations and grants Miscallaneous Income Bank interest EXPENSES Staff wages Accountancy Staff training and DBS Checks Cleaning Resources & Materials Insurance & PPA Subscription Food Fundraising Expenses Miscellaneous Expenses Rent & Rates Telephone Pupil Premium Spend Equipment, Maintenance & Repairs Net incoming resources before transfers Transfers between funds Net movement in funds Balances brought forward at 1st September 2024 Balances carried forward at 31st August 2025 |
2025 Unrestricted Restricted funds funds Total 212,375 212,375 787 787 995 995 7,946 7,946 984 984 223,087 - 223,087 176,907 176,907 1,481 1,481 624 624 2,008 2,008 3,895 3,895 1,955 1,955 1,509 1,509 59 59 2,840 2,840 831 831 884 884 - 17,735 17,735 210,728 - 210,728 12,359 - 12,359 - - - 12,359 - 12,359 158,053 - 158,053 170,412 - 170,412 |
2024 Unrestricted Restricted funds funds Total 187,573 187,573 282 282 6,368 6,368 1,011 1,011 684 684 |
|---|---|---|
| 195,918 - 195,918 |
||
| 160,296 160,296 662 662 390 390 2,366 2,366 3,524 3,524 1,118 1,118 599 599 49 49 1,548 1,548 7,750 7,750 833 833 - - 6,227 6,227 |
||
| 185,362 - 185,362 |
||
| 10,556 - 10,556 - - - |
||
| 10,556 - 10,556 147,497 - 147,497 |
||
| 158,053 - 158,053 |
Page 4
Court Fields Pre School CIO Notes to the Accounts for the year ended 31 August 2025
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts have been prepared in accordance with the financial reporting standard applicable in the United Kingdom (FRS 102) and the Charities Act 2011.
Fund accounting
Restricted funds are to used for specific purposes laid down by the donor or grant making body. Expenditure for those purposes is charged to the fund, together with a fair allocation of overheads and support costs.
Unrestricted funds are donations and other income resources received or generated for expenditure on the general objectives of the charity.
Designed funds are unrestricted funds which have been designated for specific purposes by the trustees.
Restricted funds
The balance on restricted funds represents the amounts given to the charity to cover specific items of expenditure as designated by the donors. Such expenditure may be for specific projects.
Expenditure
Expenditure is allocated between:
-
Charitable expenditure incurred directly to the fulfilment of the charity's services
-
Expenditure incurred in the management and administration of the charity (Governance costs). • Fund raising and publicity costs.
2
| Funds Balance at 1st September 2024 Surplus/(Deficit) for the year Transfer between funds Balance at 31st August 2025 |
Unrestricted Restricted 2025 - - - 12,359 12,359 |
|---|---|
| 12,359 - 12,359 |
3 Payments to trustees and connected parties
| The average number of persons employed by the charity | 2025 11 |
|---|---|
Page 5
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Court Fields Pre School CIO On accounts for the year ended 311812025 Charity no (if any) 1187250 Set out on pages 1and2 I report to the trustees on my examination of Ihe accounts of Ihe above charity for the period ended 3110812025. Responslbllities 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. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)Ibl of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records.. or thé accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirem8nt that the accounts give a 'true and fair, view which is not a matter consideréd as part of an independent examination. I have no concerns and have Gome across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed: Date: 2010112026 Name: Lyndsey James Relevant professional qualification(s) or body lif any): FCA Address: TS Partners Ltd 9 High Street Wellinglon, TA219QT IER Oct 2018
Section B Disclosure Only complete if the examiner needs lo highlight material matters of Gonrn (see CC32, Independent examination of charrty accounts." directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER Oct 2018