COLD NORTON PRE-SCHOOL REGISTERED CHARITY NO 118793g FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
COLD NORTON PRE-SCHOOL REGISTERED CHARITY NO 1187939 FINANCIAL sTATEMES FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS P8ge Charity Infomwlion RekX)rt of the Twslees INlep8ndenl ExamineFs Rewt Staiemenl ol Rna1&1 Aollviilos Statement ot Assets arL1 Liayxlilies Notgs to Ihg A¢¢tsunts
COLD NORTON PRE-SCHOOL FOR THE YEAR ENDED 31 AUGUST 2024 CHARITY INFORMATION Trusleeg Lts Hall (Vice ChairiTTeasurerl 8arah Yafes Zoe Fillary CL2r8 Reading- Appoinled 5 March 2Q25 Sjrah Brennan. Resgned 28 April 2025 Tara Clarkè- Resigne¢J 2 April 2025 Rojison. Reskjned 17 June 2024 Addre¥J Cebj Norton Village Hall Cherry Blossom Lane Coby Norton Essex CM36JQ Regl8tered Charliy Number 1187939 Ind9pendent Exorninqr Lisa Greenwood FGGA Lamb9rt Chapman LLP 3 Wamets Mill Silks Way Brainiiee Essex CM7 3GB Page 1
COLD NORTON PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trusteès ol the Ch8Fity. who are the ¢ommlMee In oflice ai thls year-eno. psen1 thdr annual rep¥Jri w4th the Ilnancial S190n of Iha ¢h8rity IDI Ihe year endèd 31 August 2024. The FInar41 Slal•m8nts att4¢hgd show th? Irwme and Expgfiditure lor tt)e yeai ended 31 Augu512024 and the value nl Assets and Liabillties at that dale. AIMS AND OWECTIVES The aim$ of the charity ate lo advance Ihe devekjprnent and education ol children below compulwry school age by encouraging paienls lo undersiand and provlde for Ihe needs ol iheir children Ihrough cornmunily groups. PUBUC BENEF Thg charity aims Ic athanco IhE develcpmènt and èducation of ehildren. lh• main acti1$ ol the ¢harity arg undertak?rt lo further the Gharivs puwse5 lor the public benel(t. The Trustees confitrn Ihal Ihey have complied with the requirements ol section 4 of the Charilies Aot 2011 lo havè duB regariy lo 1fv8 public benelil guidance publish ty Iha Charity Commisslon lor Fngland and Wales. ACHIEVEMENTS AND PERFORIMNCE The main acivity has been Ihe pro¥isK>n ol a rrfe-school encouraGing18arning Ittrgh play. Funoraisiro has been achieved mainly Irom Ihe annual sGhool pholos. attWen1re i51an4 li&ei sales and Ihe christmas production Funding has IFbcrea3ed over the last year and thi5 has madè a posrtivé Imp&ei on the sqlling. We now lind Ihal 98¢A ol our ¢hildren pn rDII a¥9 funded by Ihe gov6rnmelll. Thks15 Irulllul bul a150 gives us a celllNJ lo our earnings when parenis only wanl to use Ihelr lunded hours. Wt musi wnllnue our gflorts 10 Tea$8 Inco whllsl rninlrnising expgndilur8 and are taking the lollowlng sleps to achi8vo Ihis.. Addiinnal and nebv lundiaising aclivits. We continue to look 81 Ihe grants aVlable 10 pr¢4¢hools. Inveslgale taking chlkdKen from 1 year old to open up addilional chann815 ltsr us to èarn Imm. FINANCIAL REvw Income Is derNed from the government scheme for funding tor prè-sehool Ètluc8ilon lor 3 and 4 year tshs children and for som8 2 year old rhildr8n. together with privaig lèe incomè lor children who do not qualify. For 2024 thi& ainounled to £160,968 compared wth £130,230 in 2023. Fund faising events an¢J donaii)ns whth aye needed lo cover eguipmgnl and Iho shorNall in voucher incorne, amounted 10 £5,543 of which £3,074 was speni to generale this irKome12023'. £6,7J4 01 which £3.091 was spent to q8n&rate incom81. Cash Funds at the yeai.efid amwnted to £71.05912023-. £53.8021 ol whlch t20.3461$ In an Inleresi baaring d8PD511 accounl12023.. £20,042). Tho funds ato Unrestre0 and a avaitstA lof U5? al th8 Trusts85' di5cr8tK)n in luriherance ol Iho Objecliv8S Ot the Charity- RESERVES POUCY 1118 Ihe Iru$iees' pollcy io rnalnialn the ca181 value In real ierrns ol the di5501ution ol Ihè charity. t)èing approximately £18,100, and apY only income oi excess res¢rves iowaros direci cttariiable expen¢jire in Ihe year. 11 Is inlen¢JeLJ Ihal Ihis policy should ensure that sUffiCnI lunds are relained to continue Ihe charivs work in future years. The charitws reserv as th• 8alanc• Sheei da amount to £71,059. Pag& 2
COLD NORTON PRE-SCHOOL REPORT OFThE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Icontlnuedl NATURE OF GOVERNING DOCUMENT The Cold Norton Prè-school is a Charitable Inc4)rporaiad thganisaiion. Its goveming dDcument Is th8 Assoclatlon Model Constitution adopted on 13 Febwary 2020. OAGANISATIONAL STRUCTURE Th8 trSt88s, who adminisier Ihe chanty, meei ai least six lirnes per year, lo dwuss polKios and ways ol irnpletnenling Ihg purpos96 ol ihe con6iiiution. 8nd 10 8nsur8 that the requirements of the Charfty comm10n and HM Revenue & Customs ar¢ being sneL RISK MANAGEMENT The Tiust8gs oxamlno Ihè major Ihal Ihe charFiy faces oach year whon weparirHJ and UK¥latin9 Ihglr plans for tho future. The Charity has tJevelop8d systems 10 monilof And control Ihese risks to rnrtigate any irrpacl that thèy may have on tho charity in the lulure. Th¢ Tn155 ar? aware ol the need to ensure thai Ihey conslder Ih? level ol grant fvnding woviijed by the Governmeni in line with the Charitys running ¢osts. pani(wlady in rgspect ol slall costs. ois Hall Tr9asurer Dale.. Page 3
INDEPENDENT EXAMINER'S REPOFIT TO THE TRUSTEES OF COLD NORTON PFIE-SCHOOL FOR THE YEAR ENOEO 31 AUGUST 2024 I report io Ihe charlly Iruslees on My examination ol Ihe accounis ot Ihe chariiy for th¢ year ended 31 Augus12024 which aro 591 oui on pag85 5 to 7. Responslbllltles arKI basls ol report As tho chaiily's trustees, you are responsiblo loi th9 preparation ol th8 accounts accordance wrth the requiromonts ol the Chatilies Ac12011 I'lhe Acl'l. I reporl In respect of my exarninalion ol the chariils accounts carried oui under seclioll 145 01 rhe Acl and In carfying out my gx2rnlnaiion I havo followed al ol aFWIca0 Direuions givon by lh8 Charily Commisslon under SlI0n 14515llbl ol the A¢1. Ind•p8ndgnt Ex•mlner's stoi•meni I have complete(1 my exatninatv)n. I confirffj thai no material rnallers have come to my attention in connection bwlh the examlnaibn gSvlng mè ¢aus8 10 belitrvv thai Sn any Materi rèswi.. 1. awounting reGords wer¢ WK)t kept In resrKct ol the chariiy a5 rwuired by tiOn 130 01 the Act. or 2. the accounts dD Ml accor0 with Ihose re¢ord$_ I havo no Concern5 and have come across no other matters in conneclion with Ihe examlnaiion 10 which altenlion should be drawn Ihis report In ordèr lo anab a propèr undèrstanding ol Ihe acwunt8 10 be reached. Lisa Greenwaod FCCA Daitr.. Lambert Cha¥rnan LLP 3 Warners Mill Silks Way Braintree Essex CM7 3G8 Pag8 4
COLD NoirroN PRE-HOOL FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 2023 Unre8trict•d RgÉtriet•d Total VnrvBtikt8d Reslrfcted Toal RECEIPTS AND PAYMENTS Recelpts FE95 and fun¢ing recoived Fundraislng Donations Bank Snieresi Commissions Clothing & mlscellanèuus sales 160.967.83 5,542.90 2.40 274.78 123.30 378.50 160,967.93 5,542.90 2.40 274.76 123.30 378.50 130,230.30 6.734.22 225.00 78.53 170.83 291.00 130,230.3Q 6,734.22 225.00 76.$3 170.83 1.00 TtstsE re¢•lpts 167 89.81 167 289J1 137 727.86 Payments Snacks Premises siatt cos 111surance Consumables Equipmeni Trainln9 Admlnistrationlstaiionery PLbli¢ations & sub$¢ription¥ Fundraising exponscs rrfps and enrertalning Mi5cdlancous Protessional fee5 Wollb>ing Waste colleclion Unilorm cos15 401.78 12,693.20 129,617 86 1,018.28 709.02 1,328.90 955.44 835.18 411.58 3,073.75 366.00 402.31 2,89f.82 512.17 658.02 157.49 401.78 1Z,69320 t23,617.86 1.018.28 709.02 1,328.90 955.44 835.18 411.58 3,073.75 366.00 402.31 2,891.82 512.17 58.02 157.49 1.09).78 12,218.38 116,266.17 938.29 $94.92 948.17 41.40 502 92 345.43 3.Q91.04 300.00 772.83 2.774.2B 1.090.78 12.218.38 t16.266.17 938_29 894.92 948.17 450.40 502.92 345.43 3,091.04 300.00 772.83 2,774.211 Toijl p•yThents 150 032aO 140 593.61 140 $93.61 Net recelpt&lpaym¢nt•l lor th* yvoi t7.257.01 17.257.01 12.865.731 12.865.731 CAsh lunds brought lorword 53.801.77 53.801.77 56.667.50 56,667.50 Cash lunds carrf8d forward 71,058.78 71,058.78 53 801.77 53,801.77 Page 5
COLD NOR TON PflE4CHOOL STATEMENT OF ASSEfs AND LIABILITIES AS AT 31 AUGUST 2024 2024 2023 ASSETS Cash lunds Bank accounis 981ty cash 70,621.43 437.35 71 056.78 53,282.84 518.93 53 801.77 LIABILMES Independenl examiners fe¢$ l.D54.68 1.0x68 1 200.OQ GUARAKfEES The CIO has not oiven any ouaraniees. SECURED DEBTS Theie are Mo debts outstandiThJ al Ihe dale of the Sla18mtnl ol Assgis Liabili11gs seculed by an ¢WreS chaTgo on CIO assols. Page 6
COLD NORTON PRE-SCHOOL MOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POUCIES A¢¢ounting eonvention The linanclal siaiemenls havè b8en prepared under the hisioncal c051 convention 8nd In accordance wilh the applicable a¢¢ountino standards and Ihe Slalernonl ol gecommgnd8d Practice on Accounllng by Charilies. Income Gllls. donatlDns and olher lorn ol voluniaty income have t)een InrJwJ&l as and when Ihey aro rac8wed. As the accounts a prepared under the Receipts and Payrnerfs basis. grant income has begn recognised as and when reco9d. aank Interesi has been recognised once e4Ve. No pemianent en¢lowm•nlS have been recewed durfng tho ygar. Ch¥rltBble expendlture All charilai4e expendilure is included on Ihg eash paKI basis. Value 8dd•d tax VAT nol recoverable by the charily and 15 included in Iho relevanl cosi of ihe item or Service. TrUSTEE REMUNEBATION During the ygar, £2,099.63 was paid Iri Lois H811. a Trusieo, In rpeCt ol adrninislration work and In.scht)ol help. These payrnenls were not made in respecl ol undertaking Iho Tolg ol Trusts8 bvl wewe paid lor services provi¢Jed over and abov8 noal Iruslee dvlies. The Consiiiuiion for paym8nt5 (o be made lo Trustees provlded the relevant condittons are contained wthin Ihe Gharity Gommi551rm Guidance are mel. TAXATION The Charty is potentially exempl from taxalion in respect ol incom8 or w)ilal gain5 recewed 1¢ the exlenl Ihal su¢h inGoTllg or Gains ale applied exclusivety lo charliic hle purposes. TANGIBLE FIXED ASSETS Currgnl purchases ol equipmoni b8ing wnll8n off in thè yoar of aequisrtion. CASH AT BANK AND IN HAND 2024 2023 BarclaysSanianOg1 Gurrenl a¢counl BarCIaan1ande1 deposii acuunt Pety cash 50,305.01 20,316.42 437.35 71.058.78 33,241.20 20,041.64 518.93 53,801.77 RELATED PARTY TRANSACMONS hef than the trustee r6rnuneration ouyined in note 2 abovs, Ihgre worg no relal£d party Iransactlofis in tha y8ar. RETAINED FUNDS 2024 2023 Openlng balance 1st Septemb8r 2023 Nei receip15 i IpayTnen151 Closing balance al 31st August 2024 53.801.77 17,257.01 71,058.78 56,667.50 12,865.731 53,801.77 These noies tomi an Iniègral part of Ihe a0vls. P8ge 7