2024-08-31-accounts - Fordham Preschool

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TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees of Fordham Preschool (Yhe Preschool.) present their report for the year ended 31st August 2024. The Preschool is an unincorporated association, governed by a constitution adopted on 6th Novembèr 1979 as amended on 9th February 2021. Administrative details, including office address. can be found in the financial statements. The Trustees in office on the date of approval of this Report were.. Jade James Continued appointment 3(yi Septen7ber2023 Gontsnued appointment September 2023 Continued appointment 3LP September 2023 Continued appointment 3C Septemb6r 2023 Appointed 3LV September 2023 Catherine Siafford Leoni Alderton Elizabeth Goodyear Oda Young Holly Dacosta Appointed 30* September 2023 Tulu Bozkaplan The members of the Managing Commtttee during the year were.. Chairperson: Leoni Alderton Secretary.. Orla Young Treasurer- Elizabeth Goodyear Other members: Daniel James Holly Dacosta Appointed 1st October 2024 Managing Committee members are elected or appointed on an annual basis with the offir5 being elected from the membership of the Managing Committee. The AGM is held in September. In planning our activities. we have kept in mind the Charity Commission's guidance on public benefit at our trustee meetings. The charty was established in 1984 and is registered with the Charity Commission number 1196994. The Preschool is a member of the Eady Years Ailiance and registered with Otsted under number 2715994. The Preschool received funding from the Community Fund during 1999 enabling the construction of a new building into which the Preschool moved at the beginning of January 2002. The object of the charity is to provide 3 high standard of Preschool education and wraparound care for the children of Fordham and surrounding areas, whilst keeping fees as low as possible. The Preschool is run by a committee of parent volunteers. It is exedInglY lucky to have a wonderful teaching staff. As the village continues to grow due to numerous new developments, the Preschool has continued to be very popular, with morning and afternoon sessions being almost cornpletely at the beginning ofthe academic year.

The out of school clubs also continue to be popular with an average of around 27 attending each session. The Preschool's financial position was very strong. Income from charitable artivities amounted to £200,937 (2023.. £157,759}, which included the continued government funding for early years education, whilst invoiced fees suffered a reduction. The Trustees maintain Restricted Reserves of £163,850 (2023.. £163,850) which is the cost of constructing the building, from which to provide its charitable activities, and represents the grant awarded by the Community Fund in 1999. Unrestricted reserves amounted to £181,473 (2023.. £160,938}, of which cash reseNes in accounts with notice of less than one year totalled £176,368 (2020. £180,223) The servirE that the charity provide5 as its core charitable aGtivity is an infrastructure that is in high demand. Additionally, the Preschool holds enough reserves to financially support the Charity through periods of hardship. The Trustees therefore consider there to be no significant uncertainly as to the Charity's ability to continue as a going concern. The Preschool has a Reserve Policy in place and holds sufficient financial reserves to sustain the Preschool if its income falls below expected levels. The intention would be to GDntinue functioning as a preschool, if at all possible, and to cover the payment of staff redundancies in the unlikely event that the Preschool had to close The level of reserve takes into account 6 months running costs, any potential major repairs to the building or any proposed improvement projects. The reseNe funds are held in a separate savings account and the amount currently being held 15 available on request. The amount held in reserve is regularly monitored and reviewed at comrnittee level. The attachÈd financial statements have been approved by the Trustees. Leoni Alderton-. Trustee Dale: 0-07-20

Fordhom Preschool CIO Trustees, Annual Report and tjnaudited Financial Statements 1st Septembèr 2023 to 31st Au9USt 2024

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 ADMINISTRATIVE DETAILS Trustoes Elizabeth Goodyear Jade James Catherine Stafford Or1a Young (appointed 26 Septembgr 20231 Holly Dacosla (appointed 26 September 20231 Tulu Bozkaplan (appointed l October 20241 Leoni Alderton Treasurer Elizabeth Goodyear Chair L80ni Ajderton Prln¢ipal addmss and règlstered office la isleham Road Fordham. Ely CB7 5NL Bookkeeper SJG Bookkeeping 8 Granchester Rise Bumell Cambridge, CB25 OBE Accountant Coles Accounting (Cambridge) Limited Newton H811, TDwn Street NewtDn Cambiidg8, C822 7ZE Ind&pèndont Examiner TC Group PO Box 501, Tre Nexus Building Broadway, Letchworth Garden Cily Herls, SG6 98L

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST AUGUST2024 Unrèstricted Restrictèd Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and endowmènts from.. Donations 8nd legacie$ Charitable activitiès Othei trading activities Investment income Other 1,532 196,085 1,792 58 1,469 1,532 196,085 1.792 58 1,469 870 154,983 1,709 100 98 Total income 200,937 200,937 157,759 Expènditure on: Raising funds Charitable activities Other 35T 131,615 48,430 357 131,615 48,430 1,051 111,384 47,847 Total expendrture 180,402 180,402 160,282 Net incomè for the year I 10 20,535 20,535 2,523 Transfers belween funds Net movement in funds 20,535 20,535 2,523 Reconciliation of funds Totsl fur)ds brought forbvard Total funds carried forward 160,938 181,473 163,850 163,850 324,788 345,323 327,311 324,788 All amounts relatè to continuing activities of the CIO. The notes to the accounts are shown on paggs 10 and 19.

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 BALANCE SHEET AS AT 31ST AUGUST 2024 2024 2024 2023 2023 Notè Flxed Assets Tangible assets 12 201,348 201,348 180.250 180,250 Current Assets Debtors Cash at bank and in hand 13 18 75 176,368 176,443 958 180,223 181,182 Liabililiès Creditors.. amounts falling due within one year 14 132,4691 136,6431 Not Current Assats 143,975 144,539 Total Net Assets 345,323 324,788 The funds of th? charlty: Restricled income funds Unrestricted income funds 15 16 163,850 181,473 163,850 160,938 Total Funds 16 345,323 324.788 Approved by the trustees Dn I l and signed and authorised for Issue on their behalf by.. Leoni Alderton Trustee

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 1. Accounting policlès The principal acoiunting policies 8dopled in the preparation of the financial statèments are as follows.. (al Basis of preparatron The financial statements have been preparèd in accordance thrith Statement of Recomrnendèd Practice.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Stsndards applicable in the UK and Republio of Ireland IFRS 1021 issu8d on 16 July 2014 and the Charities Act 2011. Ibl Legal basis of the Charity The charity is a CIO. Icl In¢omlng re50urces All income is aCUnted for as soon as the Charity has entitl8menl lo the income and there is a certainty of the receipt. Income is received from donations, grants and gifts. Idl Expenditure All expeftdlre is accounted for on an accruals basis and has been listed under hèadings that aggrèg3le all costs related to that activity. Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies,. costs of fundrasing activities including thè Gosts of goods solds and their asso¢iated support costs. Support costs comprise those costs which aE incurred directly in support of expenditu on the objects of the charity and include govemance costs, finance and office costs. lel Funds Unrestricted funds are available to spend on activities that furthèr any of the purposes of the charty. Designated funds arè unrestricted funds of the charity which the trustees have decidèd at their dIsCtion to set aside for a spÈ¢ific purpose. Restricted funds are funds of the charity restricted for spècifiG ServIS being providèd by the charity. The cost of raising and administering such funds ate charged against thè specific fund. {fj Fixed A55ets All assets costing more than £150 are capitalised at thèir historic cost when purchased, eXpt for computer equipment where all items with a value of £100 or more are capitalised. Depreci8tion is provided to write off the cost or revalued amount, less an estimated residual value. of 811 fixed assets eventy ovèr their expected economic useful lives as follows.. Buildings Building improvements Equipment carried 8t wsl 10Oh on straight line 33.33Yo Straight line The need lor any impairrnent of a fixed asset wrile-down is ¢onsidered rfthere is concèrn over the oarrying valuè of an asset and is assessed by cornparing that carrying value against thè value in use or realisable value of the asset where appropriate.

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 2. Income from donations and legacie5 Unrestrlcled Restri¢tèd Fun(Is Funds 2024 2024 Total Funds 2024 Total Fund5 2023 Resource donations Charitable trusts Local Authority grants Scotsda18S 1,332 1,332 670 200 200 200 1,532 1,532 870 3. Income from charltable actlvitie$ Unre5trlcted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Fund$ 2023 Early Years Education Out of School Clubs 150,816 45,269 150,616 45,269 106,512 48,471 196.085 196,085 154,9B3 4. Incom8 from other trading actlvllies Unrestri¢t8d Restricted Fund5 Funds 2024 2024 Total Funds 2024 Total Funds 2023 Fundraising Paty hire and field trips Sale of school unrform 1.194 1,194 1,166 4D 503 598 598 1,792 1,792 1,709 5. Incorne from investment5 Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Bank interest receivable 58 58 100 58 58 100

FORDHAM PRESCHOOL CIO CHARrrY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST2024 6. Other Income Unrestricted Restrlctèd Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Apprenticeship incantive levy School trip other revenue 1,469 1,469 98 1,469 1,469 98 7. Expenditure on raising funds Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Costs of fundraising Cost of school uniform 58 415 58 415 65 986 357 357 1,051 8. Expenditure on charitsble activitiès Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Earfy Years Education Out of School clubs 103.790 27,825 103,T90 27,825 81,101 30,283 131,615 131,615 111,384 9. (Xher 8xpenditure UnstriCted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Fund5 2D23 Employee costs Premises costs Depreciation of fixed assèt$ General administration costs Legal and professional costs 8,838 19,019 8.277 8,632 3,664 8,838 19,019 8,2TI 8,632 3,684 4,144 24,397 3,526 11,829 3,951 48,430 48.430 47,847

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 10. Net income before transfers This is stated after ¢harging'. 2024 2023 Depr8Clation of owned fixed assets 8,277 3.526 Independent Examination 400 400 11. Staff oosls Unrestricted Re5tri¢ted Funds Funds 2024 2024 Ttstal Funds 2024 Total Fund 2023 Wages and salari8S Social $8curity Costs Pension costs 125,499 1.863 3,307 125,499 1,863 3,307 107.423 503 2,696 130,669 130,669 110,622 No employees rgce1ved in gmoluments in excess of £60,000. The average number of full time equivalent employees during the year was 1012023.. 101. 12. Tangible fixed assets Land and buildings Equipment Total Cost or revaluation.. At 1 st Septernber 2023 Additions Disposals 194,913 6,610 29.376 201,523 29.376 At 31st August 2024 194.913 35.986 230.899 Depreciation and impairment.. At 1st Seplernb8r 2023 Depreciation charge for the year DepcIatIon written back on disposals 15,595 1,888 5,676 6.393 21,271 8,280 At 315t August 2D24 17,483 12.069 29.551 Nèt Book Values., At 31st August 2024 177,430 23,917 201.348 As at 31st August 2023 179.318 934 180,252

FORDHAM PRESCHOOL CIO ¢HARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 13. Debtors Total 2024 Total 2023 Due within one ye8r Trade debtors Prepayments 75 958 75 958 14. Creditors falling due within one ar Total 2024 Total 2023 Trade creditors Other taX&s and social sècurity Othèr creditors Accruals and deferred income 2.216 1,372 1,460 27,421 4,640 1.132 1,435 29,437 32,469 36.643 Deferred inoome represents local authority fvnding received in advance of the edueational and childcare services being provided. Movement of the deferred income= Total 2024 Total 2023 At 1st Septembei 2023 Deferred Relèzsed 28.317 25,181 28,317 20,951 28.317 20,951 At 31st August 2024 25,181 28,317 15. Movèment in funds Incoming resources, At 1st Including September othèr gains ResoUe$ 2023 and losses expensed At31st AugLtst 2024 Restricted funds.. Ctsmmunity Fund grant 163,850 163,850 Unrèstricted funds". General 160,938 200,937 1180,402 181,473 Total Funds 324,788 200.937 180,4021 345,323

FORDHAM PRESCHOOL CIO CHARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 16. Movement in funds, continued Purposes and restrictions in relation to the fuTrds'. Community Fund grant.. to construct a new building from which to deliver the charity's objectiv85 and the provide Early Years childcare and wrap-around childcare for school-age childr8n. 17. Artalysls of net asset$ between funds UnTestricted Restricted funds funds Total Fixed a55ets Net current assets 37,498 143,975 163,850 201,348 143,975 181,473 163.850 345,323 18. Reconciliation of ¢hanges In net debt At 1st S8Ptember 2D23 Cash flows At31st August 21J24 Non-cash changes Cash and cash gquiv81ents Cash 180.223 3,855 176,366 Totsl Funds 180,223 3,8551 176,368 19. Commitments Op&rsting lease Gommitmen18 Annual cotnmitments under non-cancellable operating lease5 ar8 as follows.. Equipment hlre 2024 Equlpmerht hlre 2023 Opèiating leases wth expiry date In the Second to fifth years inGlusive 824 624 624 624 Pension corrjmitmenls 2024 2023 The pension cost ch8rge to the charity amounted to 3,307 2,696 Unpaid contributions due to the fund are included in other creditors 1.333 655

FORDHAIA PRESCHOOL CIO CHARITY NO. 1196994 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST AUGUST 2024 20. Related Party Transactions During the y88r, the charity invoiced the followng amounts lo its trustees for the services rendered in transactions al am's length-. Jadè James.. £nil12023= £111., Catherlng Stafford £201 12023.. £431. Total of £nil remained due from any of the trustees at the yèar end12023.' £nill. 21. Payments to trustees During the year Iwo Df the trustees received rèmuneration for ServIS that they provided lo the charity. The remunerated trustees artr as follows.. Name Role Remunèralion Penslon Catherine Stsfford Jade James Administrator Manager 13,852.98 £ 415.59 33,779.31 £ 1,013.38 No other ben8fits were paid lo the trustees. Under the CIO'S goveming document a paid employee of thè CIO may be appointed a trustee. where his or her employment occurs prior to his or her Irusleeship.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees

Charity Name Fordham PreSchool

On accounts for the year 31 August 2024 Charity no 1196994 ended (if any) Set out on pages Trustees’ Annual report and Unaudited Financial Statements

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2024.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

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 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have 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
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 no concerns and 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.

Date: 10 July 2025 Signed: Name: Alison Price Relevant professional FCA qualification(s) or body (if any):

Oct 2018

IER

Address: TC Group

The Nexus Building, Broadway, Letchworth Garden City SG6 9BL

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER