Charty Registration No: 1192147 JACK N JILL PRE SCHOOLAND NURSERY TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
JACK N JILL PRE SCHOOL AND NURSERY LEGAL AND ADMINISTRATIVE INFORMATION Trustees L Mallett V Mann M Godbold P Preston M Hurr8n Charity Number 1192147 Indepèndent Examlner EIne W8rd 28 Monmouth Close Ipswich Suffolk IP2 8RS Bank Lloyds Bank POBox4 IP1 1DG Regl$terod Offlco stolOdge Community Centre HawU)om Drive Ip$wi¢h IP2 OQY
JACK N JILL PRE SCHOOL AND NURSERY Unaudited Flnanelal statement$ for the year ended 31 August 2024 Contsnts Page: Trustees Report Independent Examinerfs report Stslem8nt ol financlal aGtivities Balance Sheet 8-14 Notes to the acco
JACK N JILL PRE SCHOOLAND NURSERY TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report and acci)unts for the year ended 31 August 2024 Structuroj govomance and managem•nt Jack n Jill preTrschool and Nursery is a Charttable Incorporated Organisation ICIOI, registered on 4 November 2020 which started trading on 22 Ortob¢r 2022, operating unijer tho goveming document dated 4 November 2020. Thg Iwstees ar8 rnsponsible for making decisions on 811 matters of general concem and importance, including deciding ffi how the funds are to be spent. A sub commiitee exists to set the remuneration of key personn81. The trustees. who setved duHng the ygaT were.. L Mallett V Mann M Godbold P Prestr M Hurren Recruitment antl A intment of Tnjstees and Trustee Trainin New trustees are appolnled from a recruitment and sel8Ction process to enhance the skills and experience of the board as a whole. Once appointed trustees are provided with all the infom)alion required lo assist them In perforniing th8ir fole as trustees Covering all aspects of the organisalion. Risk Assessment The trustees have assessed the major risks to which the Charlly is exposed, and ar8 satisfied th81 systems are in place lo mtligale exposurg to thè major risks whether they arg financial IreductK)n in funding) or roputotional (quality of chlldcare provlslonl, which is addressed r8gularly by review of all processes and procedures. Obi•ctiv•s and activitle$ for th• publlc benefft The purpose of the Charity, as it's goveming document, is the provision of Pre•s¢hool and Nursery education for Children aged to four peri¢xls. This is delivered in a vibrant and positive eduCatnal setting enabling them to leam and deveb)p through play. The Chanty constitulès 8 public benefft entity as defined by FRS 102 Tho trustees confim that they have referred lo the guidance contained in Section 4 of the Charities Ad 2011 and in Charities Commission general guidance on public benefit when revlewSng the Charitie8 aims and objectives for the public benefit. Alms. adlvltles and obJectlv8s. We roc8ived slalulory funding from Suffolk County Coun¢ll which as$lsted us to 8chiev? the items documented below. This is considered the principal source of fundlng. The policies have been continuously updated throughoui the year and th& management team have worked hard to ensure staff are receNing 6 weekly appraisals 8nd observations. The settyng is improving every week with stsff contributlng to an inspiration b)8rd and these ideas arg being aclioned where possible. We have continued to have more of a natural feel with wooden &quipment and natur81 sensory items to reduce plastic. We now have qurte a substants'al pel comer with rabbits, guinea pi9s, hamsters, African land snails and a tortoise and the children get great enjoyment form seging them and leaming how to care for them. We ¢onlinue to hav8 visltors to the selttng for circle tlme and the childr6n love the interacuon In story and slnging Ilme.
JACK N JILL PRE SCHOOL AND NURSERY TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Achi&v•m•nts and P•rfOrman contlnued. We have been closa lo maximurn capaGity in bglh the buddies and little bLKJ's rth)ms in both morning and aftornoc*i sessions and have an ever-increasing wailing list. We communicate regularly with parents and update them on developments and opportunities fa¢a to face, by newsletter and via social media. Our annual spring term survey indicated a large rCentage of parents said they would definilely recommend the pre-schc(Jl lo friends and family. We ntinue lo run 30 hour day care ft)r parents, and are generally busy now Ihroughoul tho year including 8ch¢Jol holidays. Due lo the sSmple nature of the Charlty Key Perfomiance IndKalors are not used. Flnan¢lal Rovlew DurirKJ the year under reviow charitable income was received in Ihe form of grants lotallirKJ £335.902 12023.. £215,806) and $ession fees were received lolalling £49.385 {2023.. £53,756). Expenditu during the year totald £335,60812023.. £234.3631. Al the Balance Sheet dale the restricted fLmd balance was £Nil12023: £Nill and the unrestrictèd b818nee was £177.672 12023= £127,993). These are represent by £177,672 nel assets, of whh £177,87212023.. £127.9931 Is in the fomi of net current assets and £3,34412023: £3,582) (Jf Ted asset equipment. Res¢rves Policy 11 Is the policy of th8 Charity lo maintsin a balance on unrestricted funds which 8quates lo batsv99n 6 aTrJ 12 months unreslrfcted core paymgnts, lo ensu stability for staff welfare. The balanc8 of £127,993 achieved this tsrg8t. This pollcy is subject lo regular VIeW by the TTUStees lo ensure it MaInS appropdale to the needs of the Charity. Future Plans We plan to conllnue to offer extended hours and sl8ff and parents are happy with the changes that hav& b¥en implemented. The Trustees will continue to take 8 prudent and responsib approach to budgeting without jeopardising the high standard of chlldcare the pre-school is committed io delNering. On behalf of the board of Injstees on 12 June 2025 Trnst
JACK N JILL PRE SCHOOL AND NURSERY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JACK N JILL PRE SCHOOL AND NURSERY I repK)rt to the charty trusts8s on my examinatlon of the accounts of tho Charlty for the year ended 31 August 2024 which are s8t out on pages 6 to 15. R•tsponslbllltles and basls ¢f rnport As the Charity's truste&s you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 (Ihe Act,). I report in respecl of my examination of the Charity's accounts carried out under section 145 01 the Act and in carrying out my examination I have followgd all the applicable Direction5 given by the Charity Comrnission under section 14515Mbl of the Act. knd•yndent examine$ $tatsment &nce the Charity's gross income exceeded £250,000 your examlner musl be a member of a body listed in section 145 of the ACL l confimi that l am qualified lo undertake the examination because l am a member of The Association of Accounting Technicians. which is one of the listed bodies. I have complelgd my examination. I confim) that no matertal matters have come to my attention in wnnection wth the examination giving me cause to believe that in any material respecl- accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with thos8 records,. or the accounts do not comply with the applicable requirements con¢eming the fom) and conlenl of accounts set out in the Charilies {Accounls and Reports) Regulations 2008 other than any requlremenl that the accoLFnls glve a 'lrue and fair vi6w' which is not a matter ctMsidered as part of an independent examination. I have no conc8ms and h8ve com8 across no other matters in conneclKJn with the oxaminalion to Ythich attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Elaine Ward MAAT 28 Monmouth Clo89 Ipswich Suffolk IP2 8RS D*e: 12 June 2025
JACK N JILL PRE SCHOOL AND NURSERY STATEMENT OF FINANCIAL ACTIVITIE8 INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unresthcled Restricted Funds Funds 2024 Total 2023 Total Income Income from charitsble activities 385.287 385,287 269.562 Total In¢om• 385,287 385,287 269,562 Ex ndi Exp8ndtture on Gharitable acllvliles 335,608 335,608 234.363 Tolal gxpendltur• 335,608 335.608 234,363 Not Income l•xpendlturel for yaar 49.679 49.679 35,199 Ngt movement In funds 49.679 49.679 35.199 Funds brougm forward Funds transferred from Charlty 127.993 127.993 10 92,794 Fund$ earrl•d forward 11 177,672 177.672 127.993 There are no r8cognised orlosses otherthan those shown above. AJI amounts relate to continuing activities. The notes on pages 8 to 14 form part of Ihgse financial ststemonts.
JACK N JILL PRE SCHOOLAND NURSERY BALANCE SHEET At 31 Augu*t 2024 Not• 2024 2023 Fixed assgts Equbpment 1344 3,582 Current assots Debtors Cash al bank and In hand 1,455 174,932 1,296 124.785 176.387 126.081 erèdltors: amounts lalling due wlthln ono y¢ar 12,059) (1.6701 N•t ¢urr•nt assets 174.328 124.411 Not ass•ts 177,672 127.993 Incom• Funds Unrestricted knnds 177.672 127,993 10 177,672 127,993 The accounts were approvod by Ihe Board and aulhoris8d for issue: Tntstee Dat• 12 June 2025 The notes on pages 8 to 15 form part of these financial statements.
JACK N JILL PRE SCHOOL AND NURSERY For tho year ended 31 August 2024 Notes to the Flnanelal Statements Aeeounllng policies Basls of pr8p•ratlon Jack n Jill pr&school and Nursery is a Chartsble Incorporated Organisation {CIOI. registered on 4 November 2020. registered number 1192147 which started Iro(Jing on 22 October 2022. operating under the goveming document dated 4 November 2020. On 22 October 2022 fund5 were transfeed from a charty Jack n Jill Pre School registered charity number 1109556 which subsequenuy ceased trading. The address of the registered office is given in the infomalion on page 1 of these financial statements. The nature of the Charity's operations and principal 8¢tivilies are detailed in the Truslees. Annual Rewrt. The Charity constitutes a public benefrt entity as defingd by FRS 102. The accounts {fin8ncial slatementsl have been pr8pared in accordance with the Slatem8nl of Recommended Practice.. Accounting and Reporting by Charitiès preparing their accounts in a¢¢oré8nce wth the Financial Reporb'ng Standard applicable in th8 UK and Rèpublic of Ireland (FRS 102} issued on 16 July 2014 and the Financial Reportlng Standard applicable in Ihe United Kingdom and Republlc of Ireland IFRS 1021 and th8 Charitiès Act 2011 and UK Generdlly Accepted Practice as it applies from 1 January 2015. The accounts lfinancial ststementsl have been wepared to give a Irue and fair, Mew and have departed from the Charities IAccourbts and Reports) Regulations 2008 only to the extent required lo provide a Irue and fair view,. This departure has invoFved following Actounting and Reporting by Charitiés preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} issued on 16 July 2014 rather than the Accounting and Reporting by Chari(i8$: Ststement of RecOrrneded Practice effectfve from 1 April 2005 which has Since been withdrawn. The finan¢ial statements are prepargd on a going CoreM basis under the historical cost conventi(ffi. The financial stslemenls aro pr8sen18d in sterling which is the functional currenw of th? Charity and rounded lo thè nearest pound. The svJnificant accountlng policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applied lo all yoars presented unless otherwise stated.. The Trustees. having considered the finaneial position of the Charity, its free reserves and cash flow, are satisfied that the charlty will be able lo meet all its finanaal commitments and 8ccordlngty have adopted the 9)ing concem basis In preparing thes8 8ccounls. Flnancial Instrum•nt$ The Charity only has financlal assets and flnancial liabilities of a kind that qualify as a basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequenuy measured at Iheir $8ttlement value. In¢omo All Income, Including government grants, are included In the statement of financial activllies when the Charity is entitled to the income and the amount can b6 quantified wlth reasonable accuracy. Charitsble a¢tNty incom8 is received by way of grants, donation$ and gwls and Is Sncluded In lull In the Slalem6nt of Financial Activilies when the recognition criteria is mel.
JACK N JILL PRE SCHOOLAND NURSERY For th• y•ar endod 31 August 2024 Notes to th• Flnanclal Statem•nts {continuedl Accountlng poll¢l•s Icontlnued) Expendlture Expendllure is recognised on an accruals basis as a liability is incurred. Exp9ndilur8 indudes any VAT which cannot be fully recovered, and Is r&port8d as part of thè axp8nditur8 to which it relalas. Charf18b expenditure comprises those costs incurred by the Charlty in the delivery of its activilies and services for its beneficiaries. 11 includes both costs that can b& allocat diredly to such 8CtiviUes and thosè cost$ of an indlr8cI natur9 nec65Sary to support them. Govemance costs includ& thos8 costs associated with meeting the constitutional and stalukny requirements of Ihe Charity ond include the costs linked to the Strateg management of the charity. I costs are allocated between the expenditure categories of the Slalemenl of Financiol Activities on a basi5 designed lo reflect the use of resource5. Tangibl• fixed assals and dèprèeialion Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided al rates calculated lo write off Ihe $1 less o$limatgd residual value of eath asset over its expected useful life. as follow5= Fixtures. Fittlngs and Play Equipment 250/0 reducing balaneA L•a8lng and hlre purchase commltm?nts Rentals payable under operalin9 leases are charged against income on a straight line basis over the period of the lease. Fund a¢¢ounllng Unresthctsd funds can be used in accordanco with the charitable objectives al th& discretion of the Trustees. Restricted funds can onty be used for partlcular restrlcted purF)8es wlthin the objects of the Charity. Restrictions arisa whgn $pgcified by thg donor or when fijnds are raised for partular restricted purposes. Further 8xplan8tion of the nature and purposg of each ftjnd is induded in the notes lo the financtal statements. Golng Con¢•rn The Trustees have a reasonable expectation that the charity will continue in OFer8tional existence for the foreseeable future and is well placed to manage ils business risks successfully despite the (yJrTent uncertain economic outlook. The Charity has significant reserves and &cordingly the Trustees continue to adopt the gOg concem basis. 1A Judgem•nts and ky $ource* of estimatlon un¢•rtalnty The followlng ludgewnenls (apart from those involvlng 6stlmal8sl have been made in the proc8ss of applylng the above accounllng pollcles that have had Ihe most slgnlficant gffecl on amounts reGognised in the financial statements= ASlocalion of support costs Depreciation rates for tangible fixed assets
JACK N JILL PRE SCHOOL AND NURSERY For the year •nded 31 August 2024 Notes to tha Flnantlal Statomènts (contlnuedl 2 Income 2024 2023 Gov8mmonl gr8nts r8C8wabl8 Session fee i10m@ 335.902 49.385 215.806 53,756 385,287 269.562 There were no unfilled conditions or other contingencies attached lo tho government grants above. 10
JACK N JILL PRE SCHOOL AND NURSERY For tho yur •nded 31 Au9USt 2024 Not•s to the Flnanclal Statomgnts l¢ontlnu•dl Expendlturn Dlr•¢UStaff costs Support osts Total 2024 Total 2023 Charltsble a¢liviti•s Pre School Nursery education 275,979 59,629 335.608 234.363 275,979 59,629 335,608 234,262 Analy$l$ of olh•r rost$: Total 2024 Total 2023 Educational supplies Rent and rates Training Office costs Govemance costs Insurance Repairs and renewals Bank charges and interest Depreciation 29,997 18.608 3,906 582 1,245 1.002 3,072 102 1.115 16.841 15,267 669 537 1.891 750 2,809 99 1,194 59,629 40.057 Net Income J (Expendituro) Net income I lexpendilurel is stated after charging I crediting: 2024 2023 Independent Examiners, remuneration 350 350 Trustees Two trustees, who comw5e all of the Key Management Personnel of the Charity. received remuneratKJn for their services a$ full time nursery managers tolalling £62,701 {2023'. £49,150) and werè reimbuTsed for expenses incurred lolalling £nil 12023.. £nil). The Charity does not ¢onsitJer their remuneration to be for services as a trustee.
JACK N JILL PRE SCHOOL AND NURSERY For the year ended 31 August 2024 Notes to the Flnanclal statements (continued) Employo8s Numbor of employees Thg average monthly numbgr of employe88 durlng the year was.. 2024 Numb•r 2023 Number Nursery staff 16 16 Employment Costs 2024 2023 Wages and s*laries Social socurity costs Pension costs 262,244 9.767 3.968 181,271 9,661 3,374 194.306 194,306 There were no employees bvhose annual remuneration was £60,000 or moi8. {2023. £nill Tangible assets Fixtures Fittings and equipment Total Cost At 1 September 2023 AddItn$ 26.333 877 26,333 877 Al 31 August 2024 27.210 27,210 DepreCiatn At I September 2023 Provided for the year 22.751 1.115 22,751 1.115 At 31 August 2024 23,866 23.866 Nel book value At 31 August 2024 3,344 At 31 August 2023 3,582 3.582 12
JACK N JILL PRE SCHOOLAND NURSERY For tho year ended 31 August 2024 Notes to the Flnanclal Statements leontlnuèdl 8 Debtors 2024 2023 Prepayments 1.455 1,296 1.455 1,296 Creditors: amounts falling duo within one year 2024 2023 Accruals and deferred income Pension credrtor 1.052 1.007 168 1,002 2.059 1.170 Deferred income 2024 2023 Defarr8d income brought forward Grants received in year Deferred income released in the y8ar 335.902 {335,9021 215.806 1215.8061 Deferred income TrIed forward Defeffed incom& a8 al 31 August 2024 relates to grants received in advance of the next financial year. 10 Funds - current yoar 1 September Incoming Resour¢e$ 2023 Resources Expended 31 August 2024 Unrestricted funds- general 127,993 385,287 335,608 177.672 At 31 August 2024 127,993 38S,287 335,608 177,672 13
JACK N JILL PRE SCHOOLAND NURSERY For the year ondfrd 31 August 2024 Notos to th• Financial Statomonts {contlnu•dl 11 Analysls of net assets between funds Unrestricted Restri¢tod 2024 Total 2023 Total Fund balartes al 31 August 2024 are r6pre$gnt9d Tgible fixed assets Currenl assets Creditors: amounts falllng due within one year 3.344 176,387 {2,0591 3,582 126,081 11.6701 176,387 12.059) Cloying roserv•s 177.672 177.672 127.993 12 Commltments under oporating leases Al 31 August 2024 Ihe Charity annual MMItMents under non-canc811abl@ operating leases as follows.. Land & Bulldlngs 2024 Land & Buildings 2023 Expiry date.. Within one year 17,456 15,554 17.456 15,554 In 2024 total operalir¥J leas8 expenditure recognised £17,456.12023.. £14258) 14