Chestnuts Prfrschool Iregislered chanty no 2957561 Annual report and accounts Year ended 31 July 2024
Chestnuts Pre-school Genèral Inforn)ation For thè y•ar •nd 31 July 2024 Page 1 Registe chanty number 295756 Address 32 Chesinul Avenue Wokingham Berkshire RG413RS Trustees Helen Eastwood Ichairl Daniel Muller (Treasurer) Sarah Ramsdale Isecretaryi Rachel Green ITrusteel Burcin KLtz (Trusteel Leigh Muller (Trustee) Independent Examiner Caiculus ConsUnCY Services Limited Chartered Certified Accountants 2 Church Street Bumham Bucks SL17HZ Chestnuts Pre*chool TrustÈes' report Page 2
Ch•gthuts PrH¢hool Tru¥tees' rnport For th& y&ar WKI 31 July 2024 Pag• 2 The Twees are pleased to present t1r annual pOrt and accounts for the year ended 31 Juty 2024. Actl¥ltl85 The Charty operates a pr&s¢hool care arxl educati setting in Vlokingham, Berkshire. It is a member of the Pre-Schr1 Leaming AlTree IPLAI. The Charity was founded in 1984 aThY is govemed by a Conslitthion closety aligned Trmth the model eons1rtutn provtded by the PLA. The most recenty updated constitution was adopted by the members at an Annual General meeb.ng hetd on 13th Odober 2014. ObjKtlve8 The key aim ofthe pr&gchool is lo enhance the developmentand education of Child primarity under statuti¥y s¢hool age thrwjh provish othigh-quality Eatty Years Ca and educathon. A(Idrtional important ¢"ectr¥es include.. encoura9in9 parerts to take respon$ibilty for and to becm wivdved in the activities Df the groLtp and ensuring that offer OpFin11s for all children, regardless of race cutture, ligIon or means encouragin9 the study of the needs of ¢hildfèn and their families arKI promtiting public interest in and recognition of such needs in the local areas. eno)uraging parents to understand and provKle for the ne&ts of their Children through ¢ommunrty group5,' and in$tigatin9 and adhering to fvrblerwu aim of the Pre-school Leaming lianCe (p) Rwlow of the y•ar The Pre-school mar•m and $taff are highly comnNtted to providrng the highest standard ot Prfrschoot care and education. whilst endeavouring to operate the Prfrsthool in a financially sustainable way. Tmstees are satisfEd the overall perfcmn¢e of the Pre-school during the year given the challenges 5ti11 faced by the cost-of-living ¢risis. Finan¢ial rvvlow During the year ended 31 Juty 2024. thè Charity made a 90in of £27.958 {2023.' loss of £38,220). The charty's reserves are £64.76612023'. £&8,808) as at 31 Juty 2024. Since Juty 2023 the Commrttee and Chestnuts staff have continued working extremety hard to view every expendrtuie to reduce any unnecessary eosts including red1ft9 Staff hours l%thilsl still maintsining the approwie staff to chiklren ral]osl and ensuring that our ftjnding and fundraising anTh)unts reved Cover our iyjt-goings making us more substantially viable. The head count Ihls also been maintained at a good level to ensure the most from fijnded and non-fvjnded sessK*ns. The lunth and consumalles fee are continuing to help cover any addonal costs spent These steps have eonb.nued to help secure Cheslnuts in the long term finanually. and will stsrt lo slowty build up further resetye$. The TnJstee5 consider this level of reserve5 to be adequate lo ensure the short-lemi financial stskn.lty of the enough fijnds nng-fenced redundancies necessary. rhe buildu structure remains stae and is adequatety insured. should this
Ch•8thuts Prg4chool Trustees. r•port l¢ondnu•d) For th• yar •nd 31 July 2024 Page 3 IA•mb•rn The members are the paTents lor olher appointed guafflian} of the children attending thè pre- scho(A setting. from ts.me lo bme. Trnst••S The Trustes of the Charity are the managing commiitee ofthe pre-$¢hool. Under the terms of the con$trtuts"on, there musl be no fevr than fve Trustees and no more than e1Ve Trustees at any time and at ast 60% of the Trustees must be members of the pre-school as defined above. Tru$lees are ele¢ted by the members at each AGM and serv¥ until the nexl AGM (where they may 8tand for re-eleth"orTI unless they resign before that tim8. If rtreeessary (for example rf a number of Trustees SIgn part VAY through a year), the existing Trustee3 can cy)-opI up to three persons to stand as Trustees until the next AGM. The Trustees serving the PrevSchcd as at date of approval of this report are those named on page 1. Helen Easts1( and Dan1 Mulkr *ere re-appointed by the Members of the COMMItteeN31ees at the AGM on 111 Juty 2024." Dan1 took on the treasurer role. Zhaoran Lui, Camilla Agnaess, Rthcca Corfiek1 and Jaequi 8ea9ent all resigned on the 1st July 2024. Apprnal of r•port This reFQrt was aFwved on l 6 t££fand signed on behatl of the Trustees by.. Helen EasfvAwd Chair
Ch•sbMrt• Pre4chool Indopend8nt 9xamiV$ report ts tho Tnisteos of Chestnuts Prfrschool Forth• year end 31 Juty 2024 Pago 4 INDEPENDENT EXAMINER'S REPORT R•Swv• rnsF)nBlbllltles of the tntstg•5 and Indepondgnt oxaminor The Charity's tnjstees a reSP)nbJe forthe preparabon of the accounts. The charity's trustees consider that an audrt 1$ r1 required for this year under secbon 144 of the Charities Act 2011 {'the Charities Act'l and that an independent ex4minati¢)n is needed. l am qualffjed to undertake the examination by bej.ng a qualffied member of The A8$'at of Chartered Certified AcCnIants. It is my responsibilrty to". • examine the a¢ctyJnts under section 145 of the Charrties Art . to follow the proCeduS lai(I down in the general DirecJion8 gn by the Charity Commission lun¢Jer sectson 14515)Ibl of the Charrties Act. and . to slate whether partUaT mattets have come lo my attsn1. B•¥ls of Ind•pondent Ex•min•rf$ R•port My examination was camed out in cordance wrth general Difecb"ons given by the Charity Commission. An examination includes a revi&w of the accounting records kept by the chanty and a comparison of the aGcounts presented wrth those reo)rrJs. It also includes considerati of any unusual rtems or disclosures in Ihe accounts and seeking explan&"ons from the tNstee$ ¢oncerning any wjch matters. The pr¢ceduS undertaken do not tKOVKle all the evidence that would be required ift an audit. and Sequent no optnh)n is 9iven 33 to whether the accounts present a 'true an¢J fair and the pOrt is limrted lo those matters set out in the statement below. Ind•p•ndffit Examln•rn' Sl•t•m•nt In connection with my examination. M matter has come to my attention.. gives me reasonable cause to bèlieve thal in. any material respect. the requirements.. • to keep accounting records in axnCe with sectth 130 ot the chariti.es Act,. and . lo prepare accounts wthich accord wth the accounkn'ng records and compty wrth tho 8ccounb.ng requirements of the c1w1$ Act ave not been ft". or 2. to vknich, in my opinron, attention should be drawm in order to ¢rle a proper understsnding of the aoUrrt5 to be reached. CakulLt$ Consultancy SeNw Limitod Chartered Certified A£countants 2 Church Street 8umham Bucks SL1 7HZ Oats. /6Th 202
Chtstnuts Prtrschool Prtncipal ac¢ounting polici For th8 y•4r end 31 July 2024 Page S 8a8h of preparntion The actounls a ppared on a hist ¢osL going concem basis in accor(Jance with accounting standards and Ststements of Recommènded Pracbce ISORP 20051. The pnn¢ipal accounting licIeS are unthanged from the previous year and are stated below. Inc(m and •xpenditur• Income and experKliture are accmted fw in Ihe year to they rdale, u&ng the acCnlS basts. Fix•d amots arKI d•pr•clatlon Fixed assets are 8taled at cost less ac(wmulated depreciatim. Dewec*tion is charged 50 as lo vfflle off the 81 of an asset over rts estimated usefvl lrfe. The methtsJ$ and rates applicable are as folbw3.' Leasehold buitdings Equipment 5% per annum straoht line 25% redLKing balance
Ch•stnuts Prn4¢hool Incom• and *xperKlitur• account For thè ymr eI¢d 31 Juty 2024 Pago 6 2024 £ 2023 £ Operatlng Inctyno Grant fijnding 149,041 99.163 Fees and ¢harges 57.953 55.737 154.900 0th8r Incom• Fundraising Donations Interest Indirect grant income Merchandise and other income 2.326 3.527 23 3.654 4.525 21x1 &984 143 8.389 Direct eosls Stsff Costs Teaching equipment and nsumatAe¥ Milk and refreshments 156.543 159,645 2.073 2.439 1,480 1160.096) 1104073) Ov•rhoad Costs Rent. rates and insurance Ejectricty and Ydter Repairs and maintenance Equipment. stationery and consumab Telephone Cleaning arxj refuse Depreciatron 4.526 5.117 5,045 7.543 2.216 8.851 3.021 733 1,558 3,271 4,936 916 2.149 Other 124.924 (37.4361 Net sWpI1(lOl# 27.9S8
Chestnuts Pro4school Balanc• 8h8ot As at 31 July 2024 Pago 7 2024 £ 2023 £ Fixed ass•ts In¢)le 1) Buildings Equipment 2,846 1,699 74 1.274 545 Currort a•ts Bank and $h balances ACnts receivable and Prepayments 110.779 64.800 4.436 2,400 115 215 Cun•nt Ilabllltl•8 Creditors AccrL¢al$, deferred ncomè and deposrts 400 2.155 51,344 32,782 Not currgTrt assets 63.492 32.263 N•t 48¥ots cumulated funds brwht forvmrd 36.808 75.028 Surplusl{tJeftitl for the year 27.958 138,2201 Total funds (note 2) The annLFal accounts V4we approved by the Trustees on ssned on their behalf by.. 16 Iffjzo25 and are Hden Easts*)od (Chairperson} Daniel lthjllei (Treasurer)
ChtnutS Pr•-•¢hool Not•s to tho a¢c¢)unt8 As at ywr •nd•d 31 July 2024 Page 8 Nots 1- Fixed 4s80ts Buildln Equipmonl Total At 1 August 2023 Additions 58.797 17,523 76,320 At 31 Juty 2024 At 1 August 2023 Charge for the year Al 31 Juty 2024 55.951 15,824 425 71,775 3,271 Net At 31 July 2023 1,699 At 31 Juty 2024 Note 2- Funds lunrn8trtct•d) At 1 August 2023 Net surplus I IdefKit) for Ihe year 36,808 27,958 Al 31 Juty 2024 64,766