Charity Registered Number 900267 North Hinksey Preschool & Childcare Clubs Accounts For The Year Ended 31 July 2024 i-c RidgefieLd ConsuLting ICAEW CHARTERED ACCOUNTANTS
North Hinksey Preschool & Childcare Clubs Report and accounts Contents Page Charty Information Report of the Trustees Independent Examinerfs Report Statement of Financial Activity- Income & Expenditure Account Balance sh8et Notes to the accounts Detailed Statement of Financial Activity- Income & Expenditure Account
North Hinksey Preschool & Childcare Clubs Charity Information Dlr6ctors and Trustees Th8 Directors of the charity aTr its Trustees for the purposo of charity law and throughout this report are Collectively referred to as the Trustees. The Trusteos serving during the year ended 31 July 2024 are as follows... Trustees Ruth Vaughan Stuart Dashwood (Chair) Linda Kitching (Secretary) lan Fitchett (Tr8asurer) Kari Hodson Katie Haigh Nicola Montague Accountants Simon Thomas Ridgefield Consulting Ltd 2 Hinksey Court Church Way Oxford Oxfordshire OX2 9SX Registered Office North Hinksey Preschool and Childcar& Clubs North Hinksey Lane North Hinksey Oxford OX2 OLZ Charity Registration Number 900267
North Hinksey Prèschool & Chlld¢are Clubs Report Of Tho Trustees New families We have good numbers Df chi5dren starting in September (we will have 34 on roll) and did offer everyone that wanted a place, sessions. With the change to our. hours and funding, most children are stawng all day and doing some wrap care however there ar818ss Ghildran needing Breakfast club for September. We do still have several children with a high level of needs, which require added funding and extra adults to maintain the quality of our provision. We have a number of children on the waiting list that want to start in January but also at Easter. Funding The funding rate changed from April, and we now get £7.83 an hour for funded 2-year-olds and £5.30 for 3- and 4-year-olds. We will keep an eye on financ8s as when the 2 year olds get funding for 30 hours from September 2025 the impact will become greater, 30 hours will mean parents will want their children to be wilh us longer and therefore higher ratios bul when they tum 3.ihere will be a significant drop in income. There is still a shortage of local Early Years setting offering places for 2-year-olds however if the local schools open this provision, it could affect us. staff hours and cleaning Staff now complete the cleaning, and we no longer hav8 a cleanar. This was in part a decision made as we have not found any Gleaners that do a good jobl Staff are paid until 3.45 on a Friday to complete this properly. New resources and Summer Maintenance I have been refreshing resources and buying some new things in light of the funding increase. I will also be looking at some maintenance things over the summer. The office floor was repaired at Easter, and we had new lino laid. The floor in the disabled toilet and near a window in the Preschool room needs repairing and School are getting people in lo do this early in the autumn term. Insot day We are having the inset day September 2nd as staff training. We will be looking at the things OFSTED look for in a setting and discussing the curriculum for the coming year. as well as team building with our new staff. The Trustees are required to prepare the 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 application of resources, including the income 2nd expenditure. of the Charity for that period. Trustees musl provide information about serious incidentg as part of the Charity's Annual Return. Failure lo do so will be regarded as a breach of legal requirements. In preparing those financial statemements. the Trustees are required to- select Suitable accounting policies and Ihen apply Ihem consistently, observe the methods and principles in Ihe Charity SORP., Trustees North Hinksey Preschool & Childcare Clubs
North Hinksey Preschool & Chlldcare Clubs Accountants. Report Independent Examiner's report to the Trusteos of North Hinksey Preschool & Childcare Clubs Resp•ctlve responsibllities of trustees and examiner The trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the accounts. The Iruste8s consid8r that an audit is not requir8d for this year under section 144{2) of tha Charities Act 2011 {th8 2011 Act) or under Regulation 10(1>(a) to {c) of The Charities Accounts (Scotiand) Regulations 2006 {th& 2006 Accounts Regulations) and that an independent examination is needèd. The charity is required by company law to prepare accrued accounts and l am qualified to undertake the examination by being a qualrfied memb8r of The Institute of Chart8red Accountants in England and Wa18S. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act and section 44{1)(c) of the Charities and Trustee Investment {Scotland} Acl 20U5 (the 2005 A¢t)', follow the procedures laid down in lh6 General Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act., and state whether particular matlers have come to my attention Basis of Independent examlner's report My &xamination was carried out irTr accordanc6 with the Gen8ral Directions givan by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wilh those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be r8quired in an audit and consequently no opinion Is given as t¢ 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 In connection with my examination. no matter has come to my attention: {1) which gives me reasonable cause lo believe that, In any rnaterial respect, the requirements ' to keep accounting records in accordance wrth section 386 of the Companies Act 2006 and section 44(1)(a} of the 2005 Act,. and to prepare accounts which accord with the accounting records. comply with the accounting raquirements of the Companies Act 2006, section 44{11(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations. and which are consistent with the methods and principles of the Statemenl of Recommended Practice Accounling and Reporting by Charities have not been met., and (2} to which, in my opinion, atlenlion should be drawn in order to enable a proper understanding of the aGcounts to be reached. Mr Simon Thomas BA FCCA ACA Ridgefield Consulting Ltd 2 Hinksey Court Church Way Oxford Oxfordshire OX2 9SX 21 November 2024
North Hinksey Preschool & Childcare Clubs Statement Of Financial Activity - Income & Expendlture Account for the year ended 31 July 2024 2024 Unrestricted 2023 Total Restricted Incomlng Resourcgs Voluntary Income Activities for Gènerating Funds Investment Income Total Incoming Resources 2,088 162,389 1,252 165,729 218,541 2,576 221.117 218,541 2.576 221,117 ResourGes Expended Cost of Generating Income Other Resour$ Expended Total Resources Expended (207,927) 126,482)_ (234,409> {207,927} (26,482 (234,4091 {162.584) 128.935) {191,519} Dèficlt for the year 113,292> (13.292) {25,790} Total Funds Brought Forward 159,196 159,196 184,986 Total Funds Carried Forward 145,904 145,904 159.196
North Hinksey Preschool & Childcare Clubs Balance Sheet as at 31 July 2024 Notes 2024 Unrestricted 2023 Unrestricted Fixed assets Tangible assets 18,287 22.390 Current assets Debtors Cash at bank and in hand 536 128.453 128,989 556 137,390 137,946 Credltors: amounts falling due within one year (1,372) (1,140> Net current assets 127,617 136,806 Net assets 145,904 159,196 Reserves Income and Expenditure Account 145,904 159,196 Total Funds 145,904 159,196 The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The trustees have not rgquired the Charity to obtain an audit in accordance with section 476 of the Act. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with r8spect to accounting records and the preparation of accounts. L Kitching lon behalf of the Trustees) Approved by the Trustees on The notes on page 8- 9 form part of these finacial statements,
North Hinksey Preschool & Childcare Clubs Notes to the Accounts for the year ended 31 July 2024 1 Accounting policies (a) Basis of pr•paration These financial Statements have been prepared in accordance with the provisions of Section 1A "Small Enlities. of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost nventiOn. (bj Incomlng Resources These are included in the Statement of Financial Actrvilies {SoFA) when= The Charity b8comes entitled to the resources., Th8 trustees are virtually certain they will receive the resources., The monetary value can be measured with sufficient reliability. Fee Income - has increased in comparison to year 2022123. Fee Assistance Scheme - as advertised we still offer help with fees, where financial haréship would prevent a child from attending our groyp. (c) Donations & Grants Income from donations and grants is included in incoming resources when these are receivable and th8 Charity has unconditional entitlement to the resources. (d) Incoming Resources wlth related expenditure Where incoming resources have relat8d èxp8nditure (as wilh fundraising), the incoming resources and related expenditure are reported gross in the SOFA. (e) Interest Received Interest is included when received by the Charity. (Q Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis, indusive of VAT that cannot be recovered. (g) Depreciation Depreciation has been provided at thg follc)wing rates in order to write off the assels over their estimated useful lives. Tools & Equipment Pre-school Equipment Building Log Cabin 2Q % reducing balance 20 /0 reducing balance 200/0 reducing balance (i) Fund Accounting Funds held by Ihe Charily include both unrestricted general funds and restricted funds. Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees whereas restricted funds can only be used for the specified purpose allocated.
North Hinksey Pr8school & Childcare Clubs Notes to the Accounts for the year ended 31 July 2024 2 Net Incomel(Outgolng) Resour¢os 2024 2023 This is stated after charging: Depreciation of owned fixed assets 4,572 5,599 3 Tangible fixed assets Land and buildings Tools & Equipmenl Pre-school equipment Total Cost Al 1 August 2023 Additions 70,975 8,684 469 39,332 118,991 469 At 31 July 2024 70,975 9,153 39,332 119,460 Depre¢lation At 1 August 2023 Charge for the year At 31 July 2024 52.548 3,686 56,234 6,928 351 37,125 535 96.601 4.572 101,173 7,279 37.660 Net book value At 31 July 2024 14,741 1,874 1,672 18,287 Al 31 July 2023 18,427 1,756 2.207 22,390 4 Taxallon North Hinksey Preschool & Childcare Clubs is a registered Charity and as such is exempt from Corporation Tax. 4 Debtors and prepaymenls 2024 2023 Prepayments 536 556 5 Credltors: amounts falllng due wllhin one yoar 2024 2023 Accruals 1,372 1,140
North Hink$oy Pr8s¢hool & Childcare Clubs Detalled Statement Of Financlal Actlvlty for the year ended 31 July 2024 2024 Unrgstrlcted 2023 Total Restricted . Incoming Resources Voluntary Incomè: Donations 2,088 Activities for Generatlng Funds Fundraising Private Fees Nursery Grants 1,445 107,558 109,538 1,445 107,558 109,538 337 84,754 77,298 Instment Incomè.. Bank Inlerest Recelved 2,576 2,576 1,252 221,117 221,117 165.729 Resources Expended Cost of Generating Income Pre-Sch(rf)l Expenses Refreshments & School Dinners Wages and salaries 2,268 2,612 203,047 207,927 2,268 . 2,612 203,047 207,927 3,699 2,057 156,828 162,584 Other Resourcgs Expendod Employee costs.. Temporary staff and recruitment staff training and welfar8 1,860 2.793 4,653 1,582 1,582 1,582 1,582 Pr8mises costs.. Rates Repairs and maintenance Cleaning 1,891 6.342 2,525 10,758 1,891 6,342 2,525 10,758 6,353 1,293 2,564 10,210 Gen8ral admlnislrative expenses- Telephone and fax Slalionery and printing Subscrfptions Bank charges Insurance Equipment expensed Sollware Depreciation 1,339 1,629 2,173 66 376 352 371 4,572 10,878 1.339 1,629 2,173 66 376 352 371 4,572 10,878 1.316 1,185 1,365 1,726 178 19 5,598 Legal and professional costs.. PayToII & Independent examSner fee Advertising and PR 1,658 1,806 3,264 1,658 1,606 3,264 1,650 975 2,625 Total Other Resources Expended 26,482 27,075 Total Resources Expended 234,409 234,409 189,659 Surplusl(Deficit) 113,292 {13,292} 123,9301 10