**Registered Company Number: CE029020 (England and Wales) Registered Charity Number: 1199027**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 AUGUST 2024**
## **FOR**
## **RAMSEY PRE-SCHOOL CIO**
.
## **RAMSEY PRE-SCHOOL CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024**
||**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|
**REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 AUGUST 2024**
## **RAMSEY PRE-SCHOOL CIO**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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**
- To provide high quality care and education for children primarily below statutory school age
- To work in partnership with parents to help children to learn and develop
- To add to the life and well being of the community
- To get the children involved and familiar with their local community, which include taking them on outings to the park, churches, shops or just nature walks around the area.
- We aim to prepare the children for a smooth transition to school
- We are aiming to achieve an Outstanding OFSTED report.
## **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 previously 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.
## **RAMSEY PRE-SCHOOL CIO**
## **REPORT OF THE TRUSTEES (cont.) FOR THE PERIOD ENDED 31 AUGUST 2024**
## **Reserves policy**
The trustees have maintained general reserves that equate to at least one year's operating costs by the end of this period. The restricted funds comprise of the un-depreciated assets acquired with a restricted donation.
## **Review**
The charity operated at a surplus this period but has invested just over twenty-three thousand pounds in the log cabin for the children to use.
Other income comes in the form of bank interest 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 successfully purchased and installed a log cabin in the outdoor area and improved the garden, fence and kitchen 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 this year as has our cash at bank leaving us in a stable position to continue to operate as a going concern.
## **RAMSEY PRE-SCHOOL CIO**
## **REPORT OF THE TRUSTEES (cont.) FOR THE PERIOD ENDED 31 AUGUST 2024**
## **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
**RAMSEY PRE-SCHOOL CIO**
## **INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 AUGUST 2024**
## **INDEPENDENT EXAMINER'S REPORT**
I report to the organisation's trustees on my examination of the accounts of the Ramsey Pre-School CIO for the year ended 31 August 2024.
## **Respective responsibilities**
As the trustees of the CIO (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2011 ("the Act").
Having satisfied myself that the accounts of the CIO are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.
## **Basis of Independent Examiner's report**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **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 giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or 2. the accounts do not accord with these records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents 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.
Signed by the Independent Examiner:
## **Keith Day FCCA Whitings LLP**
Chartered Accountants & Business Advisers 108 High Street Ramsey Huntingdon Cambs PE26 1BS
## **RAMSEY PRE-SCHOOL CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2024**
|Unrestricted
funds
**INCOME AND ENDOWMENTS FROM**
Charitable activities (Note 6)
261,700
Investment income (Note 7)
2,130
263,830
**EXPENDITURE ON CHARITABLE ACTIVITIES**
Charitable activities (Note 8)
246,397
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total balance brought forward
Total balance carried forward|Restricted
funds
5,000
-
5,000
1,250|2024
Total
funds
266,700
2,130
268,830
247,647
21,183
200,641
221,824|2023
Total
funds
201,861
373|
|---|---|---|---|
||||202,234|
||||140,975|
||||61,259|
||||139,382|
||||200,641|
## **RAMSEY PRE-SCHOOL CIO**
## **BALANCE SHEET FOR THE PERIOD ENDED 31 AUGUST 2024**
|**FIXED ASSETS**
Tangible assets (Note 10)
**CURRENT ASSETS**
Cash at bank
**DEBTORS**
Other debtors
**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
25,177
191,625
2,192
(920)
192,897
218,074
218,074|Restricted
funds
3,750
-
-
3,750
3,750
3,750|2024
Total
funds
28,927
191,625
2,192
(920)
192,897
221,824
221,824
218,074
3,750
221,824|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
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024**
## **RAMSEY PRE-SCHOOL CIO**
## **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 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 August 2024.
**RAMSEY PRE-SCHOOL CIO**
**NOTES TO THE FINANCIAL STATEMENTS (cont.) FOR THE PERIOD ENDED 31 AUGUST 2024**
## **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**
|PAYE
**5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Pension scheme
**6. CHARITABLE ACTIVITIES**
Fees (inc Nursery Voucher Scheme)
Donations and fundraising
Restricted donation for kitchen
EYFS Funding
**7. INVESTMENT INCOME**
Interest received
**8. EXPENDITURE ON CHARITABLE ACTIVITIES**
Wages and salaries
Rent
Rates
Light and heat
Repairs and maintenance
Premises insurance
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
Kitchen meal expenses
Telephone and internet costs
Sundry expenses
Depreciation|2024
_£_
2,192
2024
_£_
920
2024
_£_
26,534
928
5,000
234,239
266,700
2024
_£_
2,130
2,130
2024
_£_
184,741
3,900
2,095
3,594
8,378
1,333
788
275
3,798
2,976
2,645
9,336
2,282
2,208
-
2,689
3,110
1,842
2,016
9,642
247,647|2023
_£_
-|
|---|---|---|
|||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|
## **RAMSEY PRE-SCHOOL CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (cont.) FOR THE PERIOD ENDED 31 AUGUST 2024**
## **9. MOVEMENT IN FUNDS**
The charity is controlled by the board of trustees.
|Unrestricted funds
Restricted funds
Total
**10. FIXED ASSETS**
Tangible assets at 1 November 2023
Additions
Depreciation
Tangible assets at 31 August 2024|Balance at
1 November
2023
Income
200,641
263,830
-
5,000|Expenditure Transfers
246,397
1,250|Balance at
31 August
2024
218,074
3,750|
|---|---|---|---|
||200,641
268,830|247,647
-|221,824|
||Unrestricted
£
15,100
18,469
(8,392)
25,177|Restricted
£
5,000
(1,250)
3,750|Total
£
15,100
23,469
(9,642)|
||||28,927|
## **11. ULTIMATE CONTROLLING PARTY**
The charity is controlled by the board of trustees.