THE PRACTICE LUNSFORD PARK PRE-SCHOOL REPORT & ACCOLNTS FOR THE YEAR ENDED31 AUGUST 2024 ICPA A FrbtrfnbErof ol Certiled P43cti(ing Accountzr&ts
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LUNSFORD PARK PRE-SCHOOL
CONTENTS
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Contents and Advisors 1
Trustees Report 2
Independent Examiners Report 3
Income and expenditure Account 4
Statement of Assets 5
Notes to the Accounts 6
TRUSTEES
Victoria Donnellon Sarah Sydnes
Gaye Jarvis
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INDEPENDENT EXAMINERS
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
BANKERS
National Westminster Bank Plc
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LUNSFORD PARK PRE-SCHOOL
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The trustees have pleasure in submitting their report together with the Accounts for the year ended 31 August 2024.
CONSTITUTION, OBJECTS & POLICIES
Lunsford Park Pre-School operates under the constitution adopted 14[th] November 1984 as amended by constitution adopted on 3 October 2012 It is a charity – number 292260. The aims of the Charity shall be to advance the education of the children below compulsory school age in the Larkfield area and provide suitable play facilities for them.
TRUSTEES
The following acted as trustees during the year: -
Victoria Donnellon Sarah Sydnes Gaye Jarvis
FINANCIAL REVIEW
At the beginning of September 2023, we had 31 children enrolled, we have had a steady year and finished with 37 children on the role at the end of the year. We are fortunate to have our Savings account which is used for emergencies and must be there in case of any redundancies etc. However, due to the current situation we will have to use it over the next couple months, we always have a shortfall in October / November and February due to the payment schedule from the Local Authority. We have come into a new academic year and have had to reduce staffing hours due to low children intake. This will hopefully be rectified by January 2025.
This report was approved by the trustees and signed on their behalf by:
Victoria Donnellon – Trustee Date:
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LUNSFORD PARK PRE-SCHOOL
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
We report on the accounts of the charity for the year ended 31 August 2024, which are set out on pages 4 to 6.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity’s trustees you are responsible for the preparation of the Accounts: you consider that the audit requirement of S144(2) of the charities Act 2011 (the 2011 Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under S145(5)(b) of the 2011 Act, whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINERS’ REPORT
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 of disclosures in the accounts and seeking of 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, we do not, express an opinion as to whether the accounts present a “true and fair view”, and the report is limited to those matters set out in the next statement.
INDEPENDENT EXAMINERS’ STATEMENT
In connection with our examination, no matter has come to our attention:
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1) Which gives us reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with S130 of the Act; and
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to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met;
- 2) To which, in our opinion, attention should be drawn to enable a proper understanding of the Accounts to be reached.
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
Date:
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LUNSFORD PARK PRE-SCHOOL
STATEMENT OF INCOME & EXPENDITURE
FOR THE YEAR ENDED 31 AUGUST 2024
| 2024 Notes £ INCOME KCC Fees 111,442 Parent Fees 3,927 Fund Raising - KCC Collaboration Grant 1,024 Deposit Account Interest 115 Other2 1,161 EXPENDITURE Salaries & Pension 96,216 Rent and Utilities 8,663 Playgroup materials, Food & Sundries 4,700 Small Toys & Equipment - Accountancy & Payroll 360 Training 1,344 Bank Charges 15 Sundry Expenses 910 EXCESS OF INCOME OVER EXPENDITURE |
2023 £ £ £ 98,380 12,099 505 841 58 50 117,669 111,933 98,547 8,812 2,268 2,334 486 1,489 112,208 113,936 5,461 (2,003) |
2023 £ £ £ 98,380 12,099 505 841 58 50 117,669 111,933 98,547 8,812 2,268 2,334 486 1,489 112,208 113,936 5,461 (2,003) |
|---|---|---|
| (2,003) |
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LUNSFORD PARK PRE-SCHOOL
BALANCE SHEET
AS AT 31 AUGUST 2024
| Notes Cash at - Current Account - Reserve Account (savings ) - Reserve Account (Fundraising) Cash in Hand NET CURRENT ASSETS CREDITORS NET ASSETS UNRESTRICTED FUNDS Opening Balance Excess of Income over Expenditure |
2024 £ 5,214 10,521 153 - 15,888 360 10,067 5,461 |
£ 15,528 15,528 |
2023 £ 1,759 7,409 899 - 10,067 - 12,070 (2,003) |
£ 10,067 |
|---|---|---|---|---|
10,067 |
The notes on pages 6 to 7 form part of these accounts.
Approved by the trustees and signed on their behalf:
Victoria Donnellon – Trustee
Date:
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LUNSFORD PARK PRE-SCHOOL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and include the results of the charity’s operations which are described in the Trustee’s Report and all of which are ongoing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
Income
Income is accounted for as received by the charity.
Value added tax
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Income and Expenditure.
Expenditure
The trustees consider that all expenditure is directly attributable to the charity’s objectives.
Funds of the Charity
The unrestricted funds are those which can be applied for any of the purposes for which Lunsford Park Pes-School was established.