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2023-08-31-accounts

Registered Company Number: CE029020 (England and Wales) Registered Charity Number: 1199027

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE 10 MONTH PERIOD ENDED 31 AUGUST 2023

FOR

RAMSEY PRE-SCHOOL CIO

RAMSEY PRE-SCHOOL CIO

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

Page
Report of the Trustees 1 - 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 - 9

RAMSEY PRE-SCHOOL CIO

REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 AUGUST 2023

The trustees present their report with the financial statements of the charity for the 10 month period ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Public benefit

In planning our activities the trustees keep in mind the Charity Commission guidance on public benefit at our trustee meetings. In view of the charity's objectives to care for and teach children below statutory school age. The work of the charity has continued to operate in accordance with these aims, seeking to promote public benefit through the charity's activities.

Activities

The pre-school has a large open plan room for the children to do arts and crafts as well as an outdoor log cabin. The open plan room can be reorganised to stimulate the children and give them variety in their play. The children are taught basic technology skills and about holidays/events relevant to them on a large whiteboard.

There is a quiet area/book corner, a corner for roly play, a messy/crafty activites area and construction/small world areas. There are toys, games and natural resources that the children use to experiment, play and learn with.

The pre-school is a free flow area and the children can access a secure outdoor area with a climbing frame and slide for exercise. There is also a sand pit and mud kitchen for messier play. These activities encourage exercise and help to develop the children's motor skills and movement. Children can also learn about and look after plants, nature and their local enviroment.

The Ramsey Pre-school CIO does not makes grants but has carried out fundraisers for other charities.

FINANCIAL REVIEW AND RESERVES

Investment policy

Monies for regular expenditure are held in a current account with the charity's bankers.

The charity's excess funds are retained in interest-bearing bonds with the United Trust Bank Limited which earn interest annually.

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RAMSEY PRE-SCHOOL CIO

REPORT OF THE TRUSTEES (cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

Reserves policy

The trustees have maintained general reserves that equate to at least one year's operating costs by the end of this period. Currently there are no restricted funds.

Review

The charity operated at a substantial surplus this period but has invested just over fifteen thousand pounds in the log cabin for the children to use.

Other income will come in the form of bank interest next year however this income is well below the de minimis limit of 25% of the Charity's income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a CIO (Charitable Incorporated Organisation) controlled by its constitution registered on 19th May 2022. It took over from the Ramsey Pre-school charity on 1 November 2022.

Organisational structure

The charity has a board of trustees comprising four trustees. The trustees are responsible for the strategic direction policy of the charity and have control of the charity, its assets and funds.

Recruitment and appointment of new trustees

New trustees are appointed by the board the AGM.

ACHIEVEMENTS AND PERFORMANCE

From the most recent Ofsted inspection the school achieved a "Good" rating.

The children continue their development under our guidance and have successfully improved both mentally and physically. We have instructed them on British values and how to take part in the community. We have held fundraisers for other charities and these have been a great success.

We have successfully purchased and installed a log cabin in the outdoor area which should offer many new and exciting experiences for the children as a novel setting in which to play and learn.

Our reserves have increased substantially this year as has our cash at bank leaving us in a stable position to continue to operate as a going concern.

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RAMSEY PRE-SCHOOL CIO

REPORT OF THE TRUSTEES (cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number

CE029020

Registered Charity Number

1199027

Principal Address

Ramsey Pre-school School lane Ramsey Cambs PE26 1AF

Trustees

Carol Dalton Sarah Gammons Charlotte Burton Leanne Aitchison

Independent Examiner

Keith Day FCCA Whitings LLP 108 High Street Ramsey Huntingdon PE26 1BS

Bankers

The Co-operative Bank 1 Angel Square Manchester M60 0AG

Approved by order of the board of trustees and signed on its behalf by:

…............................ Carol Dalton Chair

…............................ Date

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RAMSEY PRE-SCHOOL CIO INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 AUGUST 2023 INDEPENDENT EXAMINER'S REPORT I report to the organisation's trustees on rny examination of the accounts of the Ramsey PRE-SCHOOL CIO for the 10 mtsnth p8riod ended 31 August 2023. Respe¢tiYe responsibilit185 As the trustees ol the CIO land also it5 dir8Ctors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companiès Act 2011 I'the Act'l. Having satisfied rnyself that the accounts of the CIO are not requi￿￿ to be audited under Part 16 of the 2006 Act and are eligible for independerTrt examination. I report in respect of my examination ol your charity's accounts as carried out under Section 145 01 the Act. In carying out my examination I have followed the Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Basls of Inde￿ndent Examlnerfs report My examination was carried out in a¢¢ordance with General Directions given by the Charily Commission. An examination includes a review of the accounting records kept by the charity and a comparison ol the accounts presented with those records. It also includes consideration of any unusual items or diselosurès in the aecounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and eonsequendy no opinion is given as to whether the a¢counts present a 'true and fair view and the report 15 lirnited to those matt8rs sel out in the statement below. Independent Examlnor's Statement I have corllpleted my examination. I confirm that material rnatters have (xme to my attention in conne￿10n with the examination giving m8 cause to believe that in any material respect". 1. accounting records were not kept in respect of the CIO as required by section 130 01 the Act., or 2. the accounts do not accord wth these records.. or 3. the accounts do not comply with the applicable requirements concerning th8 form and contents of account5 set out in the Charities IAcc()unis and Reports) R8gulations 2008 other than any requirement that the accounts give a'true and fair view. which is not a matter considered as part of an independ8rit 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 prop8r und8rstanding of the accounts to be reached. Signed by the Independent Examiner.. Keith Day FCCA Whi¢ings LLP Chartered Accountant5 & Business Advisers 108 High Street Ramsey Huntingdon Carnbs PE26 1 BS

RAMSEY PRE-SCHOOL CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2023

INCOME AND ENDOWMENTS FROM
Charitable activities (Note 6)
Investment income (Note 7)
EXPENDITURE ON CHARITABLE ACTIVITIES
Charitable activities (Note 8)
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total balance brought forward
Total balance carried forward		 Unrestricted
funds
201,861
373
202,234
140,975		 Restricted
funds
-
-
-		 2023
Total
funds
201,861
373
202,234
140,975
61,259
139,382
200,641

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RAMSEY PRE-SCHOOL CIO

BALANCE SHEET FOR THE PERIOD ENDED 31 AUGUST 2023

FIXED ASSETS
Tangible assets (Note 10)
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within
one year (Note 5)
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
TOTAL ASSETS LESS
CURRENT LIABILITIES		 Unrestricted
funds
15,100
186,025
(484)
200,641
200,641
200,641		 Restricted
funds
-
-
-
-
-
-		 2023
Total
funds
15,100
186,025
(484)
185,541
200,641
200,641
200,641
200,641

The financial statements were approved by the Board of Trustees and authorised for issue on ............................... and were signed on its behalf by:

CAROL DALTON Chair

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RAMSEY PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

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 notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 1st January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Statement of cash flows

The Trustees have opted to take advantage of the amendment to Charities SORP FRS 102, where only larger charities are required to prepare a Statement of Cash Flow.

Income

All income is recognised in the Statement of Financial Activities once the charity has received the funds.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion ofthe trustees.

Restricted funds can only be used for particular restricted purposes within the objects ofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation ofthe nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 August 2023.

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RAMSEY PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS (cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

3. STAFF COSTS

The staff costs were all covered under the payrolled salaries. PAYE and pensions obligations were all met. There are no staff earning in excess of £60,000.

4. DEBTORS

There were no debtors as at 31 August 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
6. CHARITABLE ACTIVITIES
Fees (inc Nursery Voucher Scheme)
Donations and fundraising
EYFS Funding
7. INVESTMENT INCOME
Interest received
8. EXPENDITURE ON CHARITABLE ACTIVITIES
Wages and salaries
Rent
Rates
Light and heat
Repairs and maintenance
Gifts for Employees
Playgroup consumables
Toys and equipment
Memberships and other fees
Employer's pension contributions
Staff training and travel
Professional subscriptions
Legal and professional fees
Charitable donations
Office Expenses
Telephone and internet costs
Sundry expenses		 2023
£
485
2023
£
13,320
3,912
184,629
201,861
2023
£
373
373
2023
£
110,969
2,925
1,875
1,314
6,447
2,439
213
3,481
1,942
1,394
996
1,567
1,666
500
799
1,480
968
140,975

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RAMSEY PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS (cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

9. MOVEMENT IN FUNDS

The charity is controlled by the board of trustees.

Unrestricted funds
Total		 Balance at
Balance at
1 November
31 August
2022
Income
Expenditure
Transfers
2023
139,382
202,234
140,975
200,641
139,382
202,234
140,975
-
200,641

10. FIXED ASSETS

Tangible assets at 1 November 2022
Log cabin purchase and installation
Tangible assets at 31 August 2023		 1
15,099
15,100

10. ULTIMATE CONTROLLING PARTY

The charity is controlled by the board of trustees.

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