2024-07-31-accounts

REPORT OF THE TRUSTEES ANI) UNAUDITED FIliANCIAL STATEMENTS FOR THE PERIOD 25 FEBRUARY 2023 TO 31 JULY 2024 FOR BUSI. FINGF.RS PRESCHOOL

BLSY FINGERS PRESCHOOI. CONTE,NTS OF THE FJNANCIAL STATEMENTS FOR THE PERIOD 2) FEBRUARY 2023 TO 31 JULY 2024 Page Charity. Inform2tion Report of the Trusttts IndepeDdent Examiners Report .Slate￿¢nI of Financial Aeti%ities Balance Sbeet Notes to tbe Finanei21 St*terneDts Detailed Statement of Financial Actii'ilie5 10

BUSY FINGEILS PRESCHOOL CHARITY INPORMATION FOR THE PERIOD 2) FEBRUARY 2023 TO 31 JULY 2024 TRUSTEES: OFFICERS Sarah Lambert (C.hair) left 2813123 Holli Hodge appointed (Chair) ?813123 Elizabeth Dunn appointed 12110122 {Tr¢asurer) left 2813n3 Jenntfer wInk￿'0rth appointed {Treasurtr) 2813n3 left 2611124 Stephen Hazell appointed (freasurer) 2611124 D2nielle Smitb appointed (Secretar}) 12110122 COM.MLTTEE MEMBERS Laura Tatton appointed 117.,?) and left 2719r23 Ilelen Silvester - appointed 1.7.?) and left 2719.,?3 Flolly Ilodge.- appointed fj8 J J Cheryl Sieeple appointed 6.? ?4 Emilv Finne}' appointed ?7. 9..*" Amanda Orwilvie appointed ?7.'9..'2i Emilv Dunnet appoinied ?1,,9.,2i and left Inr24 Rebecca FrettTr'¢ll lefi ?7:'91_j Jennifer Winkworth aptM)inted 28fJi?3 and left 2611r24 ATny Tatum appointed ?8..JlLJ Elnma l urrell appoit2ted 1;'7r)i and left 2719.nJ .leanor Butcher appointed 1,'7i?3 and left ?7,.'9.,2J Sharon Weaver appointed 2011119 and left 2719143 ATny Jacklin left ?7,'9123 REGISTERED CHARITY NIJMBER 11886J REGISTERED CO.MPANI Y NUMBER LE021192 (F.nglalld and Wales) BANKERS CAF BanL 25 Kings Hill Aven￿e. Kinos Hill. West Mallin(T KenL ME19 41Q tNDEPENI DENT EXAMINER: Janine Davies Pendenrd Hioh Strcet BrinL-le%' Newin2Tket Suffolk CB8 OSF Page I

TRUSTEES RESPONSIBILITIES STATE.MF.NT The trustees are responsible for preparing the T￿￿te¢.5 Report and the finan¢ial staternents in aCcord￿ce with applicable law and lJnited Kingdorn Accounting Standards (United Kingdom Generallv Accepted Accounting Practice) law applicable to charities in F.ngland and Wales requires the trusiees tts prepare f￿¢1&1 statements for each financial year M,hich give a true and fair view of the state of affairs of the charity, and of the incomints resources and application of r¢sources of the charity fur that pellod. In preparino these r]nancial 5wements the ffi￿tttS are required to Selcct Sultable accounting wlicies and then apply ihem consistentty l)bserve ihe methods and principles in the charities.£ORP Mak-c judncments and accountino estÈm*es that are reasonable and prudent Preparc thc financial statements on the goiDg concem b&is unles5 It is inappropriate io presume thai the charity. will continue in operation The tr￿letS are responsible for keeping proper accountino ￿e0rdS that arc sufficient to show and explain the chariry's transactions and disclose ivith reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial sta(ements complv with thc Charities Act 2011: the chariti. (Accounts and R¢port5). Reoulations ?008 and the provisions of the trust decd. They are also responsible for safeguarding the assets of the chaxity and hence for takÈng reasonable steps for thc prevention and detectkon of fraud 2nd other irregulariiies. 71..1.o.IL4 This report was approved by the trustees on ............ and signed on their behalf by.. Ilolly Ilodge Tr￿tee ir Steph Flazell (Treasurer) Ttustee Page 2

INDEPENDENT EXAMINER'S REPORTTO THE MEf*lBERS OF BU"SY FINC.ERS PRESCHOOL Registered ch2rit}' number 1188632 T report to the mernbers on mv examinatioR of the accounts of the above ch￿lty {"the Trust") for period 2) Febrnary 2023 to 31 July 2024 bein" 308133 . the first period operating as an uninCo￿Orattd charits.. Previou5 accounts ii'ere prepared for the old charity nurnber As the charity members of the TruX you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('kne Act"). I report in respect of m> eiamination of the Trust's accounts Ca￿led out under section 145 of the 2011 Act and in carrying out my examination. I have fouowed th¢ applicable Directions given by the Charity Comrnission under secti(>n 145{5)(b) of the Act. Independent examiner's stxtemeDt Your attenuon is draw￿ to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities= StatemeTIt of Recommended Practice applicable to charities prcparing their aeeounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) in pr¢ference to the accouniing and Reporting bv C.harities'. Statement of Recommended Practice issued on l April 2005 ivhich is refetred to in thc extant regulations but been withdtawn. l understand that this has been done in order for the accounts io provide a tNe and fair view in accordance with the tienerdlly Accepted Accounting Practice effective for reporting periods be.￿]ng on or after l January 2015. I have completed mv examination. I confirni that no material matters have come to my attention in connection with the exalnination Ivhich gives me cause lo believe that in. any maierial respect-. actollnting records were not kept in accordance M'ith section 130 of the Act or . the accounts do not accord with the accounting records T have no concerns and have come across no other matters in connection with the examillation to which attention should be drawn i order to enable a proper undeTStandino of th¢ accounts io be r¢ache¢l Janinc t)avies Accountant & Tax Adviser. ICPA, Pendenr4 Iligh SL Brinkley , Nemmarket CB8 OSF Date .12 September?024..................-.... Pa2e 3

BUSY FINGERS PRESCHOOL STATEMEf4T OF FIN￿NcIAL ACTIVITIES FOR THE PERIOD 25 FEBRLARY 2023 TO 31 JULY 2024 Period 2512ll3 to 3117n4 Period 118122 to 24.Q.Q3 Notes INC.OME 199,i06 73.816 Administrative expenses 197,877 64,664 OPERATING ILOSS)IPROFrr 12 1,629 9,152 Interest receivable and similar income 835 45 NET MONIMENT IN FUNDS 2.464 9.197 Total funds bir TOTAL FLNDS CIF 106.0?7 108.491 96.830 106,027 Page 4

BUSY FINC.F.RS PRESCHOOL (REGISTERED NUMBER: CE021192) BALL)CE SHEET 31 JULY ?024 2024 2023 FIXED ASSETS Tangible assets 41,072 43,483 CURRENT ASSETS Debtors Cash #t bank and in hand 4,132 63,941 3.589 68,073 63,263 C.RF.DITORS Amounts falling due ￿lthIll one year 10 654 719 NET CURRENT ASSETS 67.419 62.544 TOTAL.4.SSETS LESS CURRENT LIABII.ITIES 108.491 106,027 RF.SERVES Retained earning5 108.491 106027 108.491 106.027 Th¢ fina￿Cial statements w'ere approved by the TDJStees on .......... and w'ere signed on their behalf bv: . Ilolly Ilodg¢ (Cha￿} iephen Ilazell (Tr￿Urer> Pag¢ 5

BUSY FINGERS PRESCHOOL NOTES TO THE FI)ANCIAL STATEMENTS- FOR THE PERIOD 25 FEBRLARY 2023 T031 JULY 2024 ACCOUNTING POLICIES Basis of preparing tbe financial statemellts 01. l Basis of aCCOmtina The financial ststements haye been prepared to trive a "true and fair" view and have departed from the Charities (Accounts and Reports) Retsulations 2008 onty to the extent required to proide a "true and fair" view. This departure h25 involved folloiThing the CTharities SORP (F RS102) published on 16 July 2014 rather than the Accounting and Reporting by Cbarities.. Stement of Recommended Practice effective from l April 2005 which has since been withdrdwn. The financial staternents have been prepared under the historicaI cost convention with iiems recognised at cost or transaction value unles5 0ther¥%is¢ 5tatcd in the relevani notes io these accounts. The financial sratements have been prepared in accordance with the StateTnent of Recommended Practice": Accountintw and Reporting by Charities preparin(T their account5 in accordance 1s.ith the Financial Repgrting Standard applicable in the United Kintsdolne and Republic of Ireland (FRS 10?) and Charttics Act 2011 Busy Finoers Preschool constith1¢s a public benefit entity as defined by FRS 10? l ? Income All income is tEcognized once the charity has entitlement to the income. It is probable that tbe incolne will b¢ received and the amount of itieome receivable can be measured reliabli, For legacies, entitlement is iaken as the earlier of the date on which either.. the charity is aware or thai prob2ie has been granted, the estate has been f]Daiised and notification has been made b> the executorfs) of the Trust that a distribution wÉll be Tnade. or ivhcn a distribuiion is received from the estate. Receipi of a leoac)., in w.hole or in pan is only ¢onsidered pEobable w.hen the amount can be measuied reliably and the chzrity has been noiified of the executovs intention to Tnake a distribution Where letsacies have been notified to the chariti.. or the charity is aware of th¢ .￿antInO of probaie and the criteria for illcorne recognition has not been mel then the legacy is treated as a contingent asset alld dL5closed if material Interest on fi]nds held on deposit is included ￿'￿en receivable and the arnoimt can be measured rcliably b). the charity. This is nornially upon notification of the interest paid or payabl¢ by the Bank. 1.3 Expcnditure Expenditure is recognized once there is a legal or consrnjciive obligation to transfer economic benefIt to a third paty, it is probable that a transfer of economic benefits will bc required in settleTnent and the amount of the obligation can be measured reliably. Expenditure is classified b). actiNit>'. The costs of each activity are rnade up of the total of direct COSL8 and shared costs. includino 5UPPOrt Costs involved in undertaking each activity.. Dircct costs attributable to a single aeiivit¥' are allocated directli. to that aetiiiti,. Shared costs ivhich contribute to more than one actll'ily and support costs ii'hich are not atiriburable to a sinJu e activity are apportioned between those on a basis consist¢nt with the use of resources. Centr315taff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the &sset's use. Support Costs are those costs incurred directlj. in suppotT of expendituTe on the objects of the charity. Govem3nc¢ Costs are those incutred in c(Trnnection ivith administration of the cbarity and compliance with constitutional and statutory requirements. Costs of uencrating fvnd5 are costs incurred in attydcting voluntary income. and those incurred in trading activities that rdise fijnds. Charitabl¢ activities and Governance costs are cosrs incurred on the charity's educational operdtiong including support costs attd tosts telatints to the governance of the chaity apportioned to charitable activities. 1.4 Stocks Stocks are valucd at the loiTrer of cost and net realisable value after Tnaking due allowance for obsolete and slow moving stocks. Q".ost includes all direu Costs and an appopriate proportion of fjxed and variable ol'crheads 1.5 Debtors Page 6 ontinued...

BUSY FINGEILS PRESCHOOL NOTES TO THF, FINANCIAL STATEMENTS- eoDtiuued FOR THE PF.RIOD 25 FEBRUARY 2023 TO 31 JLLTr 2024 Trade and other debiors are reCo￿lSed at th¢ settlement amouni after any trade discount offered. PrepaJryn¢nts are valued at the &nount prepaid net of an), trade discounts due. . 1.6 Cash at Ilank and in hand Cash at batLk and in hand includes cash and short terni highlv liquid inves(ments wtth a short rnaturity of J months or less from the dale of acquisition or opening of the deposit or sitnilar account 1.7 l.iabilities and provisions l.iabilities are reCo￿￿sed u'hen there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of econoTnic benefjt will be required in 5ettlernent and the amount of the settlement can b¢ c5timated reliablv. Liabilities are r￿0￿[sed at the amount that the charity anticipates it will pay to settle the debt or the aTnount it has receivcd &$ advanced paJThents for the go(xls or seTr'iees st must provide. Provisions are Tneasured at the best estirnatc of the amounts required to settle the obliuation. Where the effect of the tiTne valLte of money. is ]naterial the provision is based on ihe present value of those amounts: discounted at the pre tax discount rate that reflects the risks Specific to the liablity. The uuwinding ol the discount is recognised within interest payable and similar charges 1.8 Financial InstrllmcrAts lkne charity only has financial ￿Sets and financial liabililies of a kind that qualify as basic financial instruments. Basic Financial instruments are initiallj reco.tsnised at transaction value and subsequently measured al their settlement value with the exception of bank loans M'hith are subsequentl}" measured at amortised c05t using the eff&tive interest rneth(xl. 1.9 Pension5 The chariry operatcs a defined contribution penston schem¢ and thepension ch￿(￿e representsthe amounts payable by the charity to rhe ￿nd in respect of the )'ear 1.10 Fund Accountin General funds are unrestricted fi]nds which are available for use at the discretion of the Tn]stees in furtheranc¢ of the ucneral objectives of thc charÉty and which have not bcen design￿ed for other purposes. 2 INCOMF, FROM GRAN'I'S, DONATIONS AND LEGACIF.S lJnrestricied fun¢Ls 70?4 161,550 Total Funds ?024 161550 'rotal Funds 20?3 57,174 CC Funding 3 INCOMtNG RESOURCES FROM AcfIviTES (FENF.RATING FUN'DS Fundrdising Fees Received 7237 30,111 7237 30,111 1286 14203 4 tNVF.STMENT tNCO.ME Bank interest r¢¢¢ived 835 835 45 5 SUPPORT COSTS 34.763 which include Governance costs 1.270 38.090 1270 64.594 595 continued...

BUSY FINGERS PRESCHOOL NOTES TO THE FINA￿cIAL STATEMENT.8- colltilllled FOR THE PERIOD 25 FEBRU.4RY 2023 TO 31 JLL Y 2024 EMPI.OYELS The averLtsc number of ernployees during the period 8 8taff costs were as follows.. 2024 2023 Wages and Salaries Pension costs 158,116 48.211 685 160.703 58,464 OPF,RATING (LOSSYPROFIT The operating profttq05S is statsd afier chaxtsin 20?4 2023 Depreciation- owned assets 2,411 1,638 EXCEPTIOLNAL ITF,MS Lottery grant release of asset 66- 46 T.4NGIBLE FIXED ASSETS Plant alld machinery ete Land and buildings Totals COST At 25 February 2023 and 31 July ?024 103 783 li,920 119.703 DEPRECIATION At ?) February 2023 Charge for pcriod 61,029 15,191 249 76,220 2,411 At 31 July 2024 IS,440 NET BOOK VALUE At i l Julv 2014 40,>92 480 41.072 At 24 Febrnary ?023 42,754 729 DF.BTORS: AMOtSLNTS FALLINC. DUE WITHIN ONE YF.AR

2024 2023 Trdde debtors Other debtor5 4007 124 3,465 124 4,131 10. CREDITORS: AMOUNTS FALLING DUE WITHIN O,NE YEAR 2024 2023 Trdde creditors Othcr creditors 595 124 595 124 2,644 STATEMENT OF FL Tr4DS Balance 31 July 24 Balance 28 February 2023 Income 200.J41 Unrestricted Funds 106,027 F.xpenditure 197.877 108,491 AT%ALYSIS OF NET ASSETS BETWlry.F.N FUNDS Totsl Funds (unrestricted) Jllly 24 Total Funds (unrestricted) Tangeable fLxed assets Cl￿rent assets Creditors due within one y& 41.072 68,073 654 108,491 4),483 719 106,027

BUSY FINGERS PRESCHOOL DET.41LED.STATEMENT OF I.NCOME AhD EXPEN DITURE FOR THE PERIOD 2) FEBRUARY 2023 TO 31 JULY 2024 Period 2512n3 to 31r7124 Period 118122 to 2412r23 Turnover CC Funding Fundraising events Childrcns fees received lJniforni Misc income 161,550 7,237 30,111 100 508 57,174 2286 14,203 53 100 199.506 73,816 Other in¢ome Deposit account inTerest 835 45 200J41 73.861 Expenditure Rent Rates and water Insufdnce Liuht and heat Lniform wd book bao expenses Telephone Post and stationery Advenisin( Repairs and renewals Toys and materials Ilousehold and cleaning Gifts Provisions Sundry expenses Professional Fees and Sub5 Training Accountancy and bookkeeping Wages Pensions Ilite of photocopier Depreciation of tangible fL*ed assets Freehold property Plant and machinerv Lottery grant release of asset 1,488 1,733 3.494 2,247 75 747 1,129 328 1,083 279 98 2.721 4,10) 5.810 1.243 537 2.649 2257 2,49) 391 467 82 760 907 595 48,211 685 823 1.270 158,116 2.)87 1.413 2,162 249 1.513 125 46) 197,595 64.594 2.746 9,267 Finance costs Bank charges 282 70 NET (LOSS}IPROFIT 2A64 9,197 Page 10