FONTMELL MAGNA UNDER FIVES REGISTERED CHARITY NUMBER 900256 ANNUAL REPORT AND FINANCIAL sfATEMENTS YEAR eNDED 31 AUGUST 2024
Fontmell Magna Under Fives Registered Charity Number 900256 Index Page No. Trustees, annual report Independent examlners, report ststement of flnanclal actlvltles (SOFA) Balance sheet Accountlng polldes and notes to the fEnandal statements 7-10
Fontmell Magna Under Flves Registered Charlty Number 900256 Trustses Annual Report for the Year Ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered as a Charlty In England & Wole5. CHARITY REGISTERED NUMBER 900256 CHARITY'S PRINCIPAL ADDRESS Fontmell Under 5S West street Fontmell Magna Shaftesbury SP7 OPF GOVERNING DOCUMENT The charlty is controlled by its govemlng document, a deed of trust and constitutes an unlncorpornted charlty. TRIJSTEES Thomas Young - Chalr {appolnted 21 May 2024) Holly Mundy (appolnted 21 May 2024) Rachel Jackson Susan Caln {resEgned) Lee Grlgg (reslgned) Ashley West (reslgnedl INDepENDENT EXAMINER Hub Accountants Ltd Innovatlon House Wlncombe Lane Shaftesbury SP7 8FG Page I
Fontmell Magna Under Flves Reglstered Charlty No. 900256 Trustees Annual Report for the Year Ended 31 August 2024 The Trustees present their report and the unaudited finandal statements of the Charity for the year ended 31 August 2024. The financlal ststements have been ppared in accordance wlth the accounting policies set out In note I to the accounts aThJ comply with the Charities kt 2011 and the Statement of Recommended Practi. Accounting ar Rep)rting for Charltie5 2005. The charlty Is constituted and governed by a Trust Deed. A copy of the accounts for the year ended 31 August 2024 is Indud&l with this report. OBJECTS AND ACTIvrrIES OF ThE CHARrrY The obj'ect of the charity is to run a iTrschool group for chlldren local to Fontmell Magna. The drfty caters for appmximately 54 children aged two years to five years, through the operatlon of all day sesslons five days a week. Thls activlty beneffts the publlc by developing and educating l(Kal chlldren and young people in partloJlar by: - promoting thelr care and safety. - promoung thelr education arKI promting parental InvolvemenL promoting their health and wellbeing, - providing services to support them and thdr famllles and carers: and - furthering the aims of the PrSchool Learning Allian. Fontmell Magna ilnder Flves Charlty operates five days a week on a term time basis. The term time of the charlty is in line with the temi dates wovlded by Dorset County Coundl and inset days follow where posslble the dates issued by St Andrews Prlmary Sch[ to provide consistency for famllles Ilnked to both schools. The Charity's core hours are 8.45am until 2.4Spm with the breakfastlafter school opkn operatlng an hour either side of these Umes. During the period where it Is open to children the charty follows the government guldellnes for staffin9 ra0$ for chlldren. The charity currently has 54 chiklren that attend on a variety of days. Due to the Increase in children attending* the related increase in funding has provided an increased sense of future security for the pre-school. Fontmell Magna Under Hves Is managed by a committee of volunteers nomlnated by the parents, who together forni the trustees of the charfty, and take the role of the Ofsted 'registered person.. As well as benefiting the chlldren, volunteering offers parents the OpptUnity to other parents. get involve(I In the community and widen their social network. update existing skllls, and learn new ones. ACHIEVEMENTS AND PERFORMANCE Fontmell Magna Under Fives now to operdte under the OFSTEO Outstsnding gradlng due to the continued commltment of staff who strive to excel In all areas. Fontmell Magna Under Flves folk)ws the Early Years Foundation years and plannlng In the rrbynent as part of the actlvltles wovided ftjr thildren. Staff training ensures they are kept up to date wlth all mandatory trdlning such as flrst ald and safeguarding. The charlty supports its team in undertaking related courses that wlll beneflt the children in the we-school setting. The finances have stsblllsed th15 year, but we continue to be mlndful of the costs increaslng costs at a rate than higher government fundlng. By revlewing the dwrlty's financlal perfonnance for the year. the ftloWIng actlons have be. - The pre-s1 rates for chlldren have had an annual InaSe whlch was applied in Serkanber. - The stafflng wages were revlew and increased in April In Ilne wlth mlnlmum wage: - The additional spendlng has been Increased to a maxlmum of £300 per month to allow for the stsff to upyate resour for the children; - We have appointed a new payroll company to prcKess the staff payroll. effectlve In Aprfl and tkkeeplrj ServIS from September; and - A new 3 year deal was secured on utiiitles whlch is in line with current rates. Page 2
Dudng the year, Income and Income generated from fees has Increased by £22,541 to £204,740 (2023: £182,199). Expenditu in the year has also increased by £18,433 to £187,661 (2023: £169,288). The charity has a surplus for the year of £17,332 (2023: surplus of £17,707). The Tntss consider the year-end financial position to be satisfactory and confim that the Charity can meet all known rt)ligations. L• L4 The building the pre-sch1 is run from is rented by the charity arKI as such must be maintalned accordlngly by the charity. Regular checks are performed to ensure the property is fit for purpose and any maintenance is noted and fed bad( to the committee to actlon accordingly. This year. the work on the property that has tren undertaken is sandpit urthted. replaced broken patio slab. new barf( for outslde and forest schcol, flxed of decking and gutter cleaning. The charity continues its relationshlp with Waitrose. pmkllng excess focKI from companles to famllies of the pre-sthool and community of Fontmell Magna. The trustees will be addressing the following future plans in the next financial year: Property Improvements wlll conkn'nue to be considered on an annual basis. In the next financlal year. we will be reviewing updating the interior walls, fencing, heating, outslde equipment. Revlewing the trdlning and working structure of the committee Review the staffing to ensure we continue to provide above level cover for the chiklren STRUCTIIRE AND GOVERNANCE The trustees of the commlttee are made up of a comblrkltion of current and previou5 parents to children in the e-SmI. The spllt will always be 50% or more of current nominal role. There Is a Chalrperson, Treasurer and Secretary that have named rotes on the committee. Trustees are aprM)Inted to serve for two consecutive years aThJ can be re-ekcted for up to five consecutive tern. Trustees are appolnted by agreement of the Board of Trustee5 at the annual AGM. There has b*n a new Chairperson and setsry aPFKSnted thls year. The team that run the pre-school are made up of LaUn Ballard, the appointed manager. with a team of W9ht to suprt. DuriThJ the have also had 3 bank staff. I worf( eXperIen and 3 SChcl work experience. The charity is taking Steps to set up aj operdte as a Charitsble Incryrated Company (CIO). The charity has bn Set up (registered tharity number: 1187668) and remains dormant. We have appointed Dinky Ones company to lead the move of the charlty and initlal meetlngs have been undertaken. POUCIES All pollcies are revlewed perlodlcally. The Charlty aims to hold suffloent reserves to cover Its statutory redundancy Ilabllltle5 and one term'5 expenditure {l.e., one thlrd of total annual expenditure). The trustees consider this level of reserves prudent and necessary to ensu the psChOol can run efficiendy and rroet its future needs. The levd of reserves is as set out In note 10 of the accounts DECLARATION I declare in my capacity of Charity Trustee, that: - the Trustees have approved the report above; and authorised me to sign it on their behalf. Thomas Young - T Date: Page 3
Fontmell Magna Under Flves fteglstered Charlty Number 900256 Independent Examlners Report to the Trustees I report to the trustees on my examlnatl¢y) of the actounts of the above charity for the year ended 31 August 2024 set out pages S to 10. Rosponslbllltles and bajls of report As the charlty's trusteesi you are responslble lor the preparntlon of the accounts In accordan wlth the requireffMts of the Charltles Act 2011 ('the 2011 Act.). Havlng satlsfled myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are ellgible for Independent examlnatlon, I report In SpeCt of my examlnation of your charity's accounts as carried out under Sertlon 145 of the Charitbes Art 2011 I'the 2011 Acl,). In carrylng out my examlnatlon J have followed the Dlrectlons glven by the Charlty Commlsslon under Sertlon 145(5) (b) of the 2011 Act. Independent examlnees statément I have completed my examlnatlon. I conflrm that no matedal matters have come to my attentlon In connecuon wlth the examlnatlon glvlng me cause to belleve: accountlng records were not kept In respect of the chartty as requlred by sectlon 130 of the 2011 Act; or the accounts do not accord wlth the accountlng records; or the accounts dld not comply wlth the appllcable reqsJIrnents conMIng the fonn and content of accounts set out In the Charltles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a 'true and falrf vlew whlch Is not a matter consldered as part of an Independent examlnatlon. the accounts have not been prepared in accordance wlth the methods and prlndples of the Statement of Recommended pract1 for accountlng and reportlng by charltles (applicable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republk of Ireland (FRS 102)). I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drnwn In thls rep)rt In order to enable a proper understandlng of the accounts to be reached. Rep¢)rtlng Accountant Paul Stacey FCA Hub Accountants Ltd Innovatlon House Wlncombe Lane Shaftesbury SP7 8FG Slgned.. Date: 2025 Page 4
Fontmell Magna Under Flves Statement of Flnanclal Actlvltles For the year ended 31 August 2024 2024 Unrestrkted funds 2023 Unrestrlcted funds Income & ¢nd(Mmonts from: Donatlons and legacles 253 4.736 Other Incoming resources Total In¢omlng resourc•s 182 199 186 935 Expendlture on: Ralslng funds 1,608 9.537 Charltsble octlvltles Total re•ourca• expended 159 691 169 228 187 661 Nat Incomlng re•ource8 17.332 17.707 R•con¢lll•tlon ol fund• Total funds brought forward Total lund• urrl•d fornard 192 213 209 $45 192 213 Pdge 5
Fontmell Magna Under Flves Balance Sheet As at 31 August 2024 Note 2024 2023 Flxed Assets Tangible fixed a55ets Total Flxed Assets Current Assets Cash at bank and In hand Debtors Total Current Assets Llabllltles Credltors Amounts falling due wlthin one year Net Current Assets 128 222 128,222 126 975 126,97S iii,iii 66.777 113,307 68,749 81,323 65,238 Total Assets less Current Llabllltles 209,545 192,213 Total net assets 209 545 192 213 Funds of the Charity Unrestdcted fvnds Total Charlty Funds 209 545 209 545 192 213 192 213 Approved by the Board of Trustees on 2025 and slgned on Its behalf by: Thomas Young Chalr The notes on pages 7 to 10 fonn part of these accounts. Page 6
Fontmell Magna Under Flv Notes to the A¢¢ounts For year endod 31 August 2024 1 Basls of preparatlon These accounts have been prepared on the basis of hlstorlc cost In accordan wbth the Statement of Recommended Prartke: oUntIng and Reporting by Charities (2015), wlth accountlng standards, and wlth the Charltles Act 2011. 2 Accountlng polldo• INCOMING RESOURCES Incomlnq Tesources are Induded in the Statement of Financial Activitle5 (SOFA) when: the charlty becomes entltled to the resources and anv condltlons for recelpt are met. the trustees are vlrtuallv certaln they wlll receive the resources: and the monetary value can be measured with suffKlent rellats'llty. The value of any voluntary help Is not Included In the accounts. EXPeNDrnJRE AND LIABILmes Llabllltles are recognlsed as soon •$ there Is a legal or construrtlve obll9ation committln9 the charlty to pay out resources. Expendlture Is accounted for an an accruals basls and has been classltled under headlngs that aggregate all cost related to the cate90ry. Go.ernanOsts Governance costs Indude costs of the Preparaon and exarnlnatloTr of statutory accounts, the costs of trustee meetlngs and cast af affly legal advlce to trustees on governance or constitutlonal rnatters. ASSETS Tangible flxed assets are measured at cost less accumulated depreclatlon and any accumulated IMpalrnnt losses. Oepredation Is provldad at rates calculated to wrlte off the cost of the flxed assets, less thelr estlmated resldual value, over thelr expected useful lives on the fdlowing bases: Flxtures and flttlngs: 20% on Cost Computer equlpment: 33% on cost TAXATION The charlty Is exempt frwn tsxatlon on Its tharltable actlvltles. FUNO ACCOUNTING Unrestrlcted funds can be used In accordance with the tharitsble oblectives at the d15cretion of the tStee5. Restricted fund5 can only be used for particular restrItt Pur& within the objects of the tharity. Restrictions arise when Specified by the donor or when funds are rnised for particular restrlcted purposes. Further explanatlon of the nature and ourpose of each fvnd is induded in the notes to the finanoal $tatemfts. PENSION cosrs AND OTMER posr-REfIREMEirf BENEFrrs The charfty oDerntes a deflned contrlbutlon Densl¢n scheme. Contrlbutlons pavable to the charlty'$ penslon scherr* are charqed to the Ststemwt of Flnanclal Actlvltles In the perlod to whlch they relate. Page 7
Fontm¢ll Magna Under Flves Notes to the Accounts For the year ended 31 Au9Urt 2024 2 OTHER INCOMING RESOURCES 2024 2023 198.068 772 2,900 175.930 215 6,054 Bank Interest recelved Sale of ooods Wessex Water fundlnq 182 199 3 EXPENDrruRE ON: 2024 2023 a} Ralslng fund• Dlrert costs Purchase5 .511 b) Charltabla actlvlti 2024 2023 Waoes Penslon contrlbutlons Natlonal Insurance Temoorarv waoes Staff Tralnlnq and recrultment Rent and rates Lloht and heat Software & comDUter exoenses Repairs and renewals Refreshments and outlnqs Postaqe and statlonery Insurance and PAA membershlp Telephone and webslte costs Materials and equlpment Cleanlnq Depreclatlon Sundrles 144,626 3,766 6,103 3,526 778 6,849 2,637 2,290 1.782 1,916 1,244 430 596 3,448 127,405 3,330 4,370 70 6,959 2,524 1,848 3,130 1,188 800 807 672 2,282 137 295 351 75 c) Governance costs 2024 2023 Accountancv Leqal fees 1,044 1,056 Page 8
Fontmell Magna Under Flves Notes to the Accounts For the year ended 31 Au9USt 2024 4 TRUSfEES' REMUNERATION AND BENEFITS There were no trustees. remuneratlon or other benefits for the vear ended 31 Auqust 2024 nor for the year ered 31 Auqust 2023. There were no trustees, expenses pald for the year ended 31 Auoust 2024 nor for the vear ended 31 Auqust 2023. STAFF cosrs The averaqe monthly number of empknyees durlnq the year was as follows: 2024 2023 School staff No emplovees recelved emoluffnts In excess of £60.000. 6 TANGIBLe FIXED ASSErs Preehold FIxre and Computer property flttlngs equlpment Total• COST At I September 2023 Addltlons Dlsposals At 31 Auqust 2024 126,678 3,936 1.930 2,695 133,309 1,930 126 678 135 239 DEPReaAllON At I September 2023 Charqe for year At 31 Auqust 2024 3,639 2,695 6,334 NET BOOK VALUE At 31 August 2024 At 31 August 2023 126 678 126 678 128 222 126 975 297 7 DEBTORS 2024 2023 Prepayments CREDITORS: AMOUNTS FALLING DUE WIThIN OME YEAR 2024 2023 Taxation and Ssxlal security other credltors Deferred Incor 491 1,165 1,594 1.917 Page 9
Fontmell Magna Under Flves Notes to the Accounts For the year ended 31 August 2024 9 MOVEMENT IN FUNDS 2024 2023 Unrestrltted funds Balance at I September 2023 Net fflovefflent In funds Balance at 31 August 2024 192,213 174,506 209 545 192 213 10 RELATED PARTY TRANSAcfzoNS There We no related party transactlons for the year ended 31 August 2024, nor for the year ended 31 August 2023. 11 OTHER INFORMATION - The Charity had no commltrnents at the year end. - The Charity has not given any guarantees to thlrd partles that could be called on at the year end. - The Charfty has not granted any loans to any Institution or company connected to the Charlty. - The Chartty dld not make any ex4Jratia payments during the year. 12 DECLARATIONS Adequacy of assets to meet fund restrlctlons Suffldent reseThies are held In an appropriate form to enable each fund to be applied in accordan with the restrictions imp05ed. Branches The flnanclal actlvlties, assets and Ilabllltles of all the Charity s branches or sectio1 have been induded. Chang¢s In year end The Trustees have not changed the year end date nor the length of the Charities finanaal year. Dlscontlnued. contlnulng and acqulred operatlons All the Charity's operatlons are continuing operations and there We no operations dlscontinued or acquired during the year. Funds In defidt No funds are In deficlt at the balance sheet date. Inallenable or hlstorlc events The Charity had no assets at the balance S*t date classed as inalienable or histork. Intanglble assets The Charity had no intangible assets. Inter-fund loans There were no Inter-fund loans outstsndlng at the balance sheet date. Revaluatlons None of the Charity'5 funrtlonal fixed assets have been -valued durin9 the year and the Charity does not have a policy of rtrvaluation. Subsldlaries The Charity has no subsidiary companies. Page 10