Charity registration number: 802191
YOUNG RISERS PRE-SCHOOL TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Young Risers Pre-School Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7—10 |
Young Risers Pre-School Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Objectives and Activities
Aims and Objectives
The purpose of the charity as set out in its governing document is the education/training of the children and young people. Our main objective is to advance the education of children below compulsory school age by providing safe and satisfying group play, in which parents have the right to take part and encourage other charitable activities through which parents may help the children. Our aim is to provide a safe, caring, stimulating environment, with high quality care and education for your child to learn and enjoy.
Young Risers Pre-School provides education and training for children and young people during term time only. It uses a parent committe whose members are elected by the parents of the children who attend the setting. Young Risers PreSchool has no political, commercial, or sectarian affiliations.
Achievements and Performance
Main Achievements
Based on the last inspection by Ofsted which took place in June 2019, Young Risers Pre-School was graded as good. Please see below the summary of the key findings of the inspection:
The manager has robust systems in place to ensure children's safety. For example, staff complete daily checks of the premises, including the garden, to identify and minimise hazards for children.
Staff plan activities that are suitable for children's different stages of development. For instance, younger children benefit from their own circle time, which helps them to remain focused and develop their concentration skills.
Partnerships with parents are strong. Staff share ideas and resources, enabling parents to build on their child's learning at home. Parents comment that they are kept fully up to date with their child's progress and enjoy access to the new online record system.
Children have good opportunities to learn about cultures and communities that are different from their own. For instance, they celebrate festivals and enjoy a range of books and resources which celebrate diversity.
Staff observe children's play and use the information gained to plan meaningful next steps for children's learning. However, sometimes, adult-led groups activities do not enable all children to participate and be involved. The manager and staff regularly review individual children's progress. However, systems for monitoring the progress that different groups of children make are not precise enough to ensure gaps in learning are identified and addressed.
Structure, Governance and Management
Governing Document
The organisation is a Charitable Incorporated Organisation (CIO) which was formed on 30th October 1989. The governing document is the organisation's constitution which was adopted on 16th February 1988 and was subsequently amended on 8th September 2016.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against abuse, fraud and error.
Reference and Administrative Details
Trustees
Mrs Hayley Smith Mrs Sarah Penfold Miss Faye Miller Miss Chelsea Rowlands Miss Emma Lavelle
Charity Number
802191
Page 1
Young Risers Pre-School Trustees' Report (continued) For The Year Ended 31 December 2024
Independent Examiner
Olaniyi Idowu FCCA ATN Partnership Chartered Certified Accountants 142-143 Parrock Street Gravesend Kent DA12 1EY
Page 2
Young Risers Pre-School Trustees' Report (continued) For The Year Ended 31 December 2024
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mrs Sarah Penfold Trustee 30/09/2025
Page 3
Young Risers Pre-School Independent Examiner's Report to the Trustees of Young Risers Pre-School For The Year Ended 31 December 2024
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Olaniyi Idowu FCCA 30/09/2025 Chartered Certified Accountants 142-143 Parrock Street Gravesend Kent DA12 1EY
Page 4
Young Risers Pre-School Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Other trading activities 3 Investments 4 EXPENDITURE ON: Raising funds 6 NET INCOME/(EXPENDITURE) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
2024 Unrestricted funds £ 147,396 117 |
2023 Unrestricted funds £ 112,743 44 |
|---|---|---|
| 147,513 | 112,787 | |
| (141,321) | (123,368) | |
| 6,192 | (10,581) | |
| 6,192 25,288 |
(10,581) 35,869 |
|
| 31,480 | 25,288 |
The notes on pages 7 to 10 form part of these financial statements.
Page 5
Young Risers Pre-School Statement of Financial Position As At 31 December 2024
| Notes FIXED ASSETS Tangible Assets 10 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 11 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 13 On behalf of the board Mrs Sarah Penfold Trustee 30/09/2025 |
2024 Unrestricted funds £ 1,204 |
2023 Total funds £ 1,606 |
|---|---|---|
| 1,204 31,474 |
1,606 27,202 |
|
| 31,474 (1,198) |
27,202 (3,520) |
|
| 30,276 | 23,682 | |
| 31,480 | 25,288 | |
| 31,480 | 25,288 | |
| 31,480 | 25,288 | |
| 31,480 | 25,288 | |
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Young Risers Pre-School Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
Young Risers Pre-School is an unincorporated charity registered with the Charity Commission, registered charity number 802191. The principal address is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings
25% reducing balance
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Other Trading Activities
| . Income from Other Trading Activities |
||
|---|---|---|
| 2024 | 2023 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Income from other trading activities | 147,396 | 112,743 |
4. Investment Income
| 2024 | 2023 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Bank interest receivable | 117 | 44 |
5. Net Income/(Expenditure)
The net income/(expenditure) is stated after charging/(crediting):
| he net income/(expenditure) is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of tangible fixed assets - owned | 402 | 536 |
Page 7
Young Risers Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
6. Analysis of Expenditure
| Raising funds Raising funds 7. Support Costs Employee costs Premises expenses General administration Depreciation Governance costs Employee costs Premises expenses General administration Depreciation Governance costs |
Activities undertaken directly £ 4,930 |
Support costs (see note 7) £ 136,391 |
2024 Total £ 141,321 |
|---|---|---|---|
| Activities undertaken directly £ 7,602 |
Support costs (see note 7) £ 115,766 |
2023 Total £ 123,368 |
|
| 2024 Raising funds £ 117,841 6,873 10,555 402 720 |
|||
| 136,391 | |||
| 2023 Raising funds £ 95,325 7,195 11,510 536 1,200 |
|||
| 115,766 |
Page 8
Young Risers Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
8. Staff Costs
Staff costs were as follows:
| Wages and salaries Social security costs Other pension costs |
2024 £ 115,984 199 1,549 117,732 |
2023 £ 92,416 - 1,099 |
|---|---|---|
| 93,515 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
9. Average Number of Employees
Average number of employees during the year was: 10 (2023: 10)
10. Tangible Assets
| Cost As at 1 January 2024 As at 31 December 2024 Depreciation As at 1 January 2024 Provided during the period As at 31 December 2024 Net Book Value As at 31 December 2024 As at 1 January 2024 1. Creditors: Amounts Falling Due Within One Year Other taxes and social security Pension control account Accruals |
2024 £ 178 300 720 1,198 |
Fixtures & Fittings £ 3,543 |
|---|---|---|
| 3,543 | ||
| 1,937 402 |
||
| 2,339 | ||
| 1,204 | ||
| 1,606 | ||
| 2023 £ - 280 3,240 |
||
| 3,520 |
11. Creditors: Amounts Falling Due Within One Year
12. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,549 (2023: £1,099).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
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Young Risers Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
13. Movement in Funds
| 3. Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2024 £ 25,288 |
Income £ 147,513 |
Expenditure £ (141,321) |
As at 31 December 2024 £ 31,480 |
| 25,288 | 147,513 | (141,321) | 31,480 | |
| As at 1 January 2023 £ 35,869 |
Income £ 112,787 |
Expenditure £ (123,368) |
As at 31 December 2023 £ 25,288 |
|
| 35,869 | 112,787 | (123,368) | 25,288 |
14. Related Party Disclosures
There were no related party transactions in this reporting period.
Page 10