REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
Brenchley Pre-School Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
Brenchley Pre-School Limited |
Brenchley Pre-School Limited |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 15 |
Brenchley Pre-School Limited (Registered number: 05022458) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The Memorandum and Articles of Association sets out the charitable objectives for which Brenchley Pre-School Limited is established. The charity's objectives are the education and care of pre-school age children. |
Significant activities |
Brenchley Pre-School is run by a Committee elected at the annual general meeting. Its objectives are the education and care of pre-school age children between the ages of 2 and 4. The Nursery Class for 2-3 year olds and the Lions Class for 3-4 year olds. |
Thirteen staff were employed during the year: Twelve qualified practitioners and an administrator. |
Parents, staff and Committee Members organise fundraising events to augment fee income and KCC funding. |
Public benefit |
The Trustees have complied with the duty in section 4 of the Charities Act 2006 to have regard to the public benefit guidance published by the Charity Commission. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The financial activities of the Pre-School are set out in the attached statement of financial activities. The Pre-School has an operating surplus for the year of £2,389 (2023: £5,173). |
FINANCIAL REVIEW |
Reserves policy |
The charity has a reserves policy whereby sufficient funds are retained to meet any redundancy obligations if the Pre-School has to close. Should the funds be insufficient to cover the redundancies the sale of equipment could be used to offset this amount. The Trustees are committed to returning the reserves back to a healthy surplus. At 31 August 2023, accumulated reserves totalled £79,212 (2023: £76,823). |
The improvement in the financial position has primarily been driven by increase in the rates for private fees and the introduction of Breakfast and Twilight (after school) club, in September 2019. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
The pre-school is governed by the Pre-School Learning Alliance Memorandum and Articles of Association for Pre-Schools 2012 (Companies Acts 2006). |
Brenchley Pre-School Limited (Registered number: 05022458) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
The Committee Members are elected at the annual general meeting and are parents of children at the pre-school or people with local involvement. |
The following members have acted on the Committee during the year ended 31 August 2024: |
Company Directors & Trustees |
Victoria Relle | Trustee and Chairman | Appointed 15 October 2013 |
Clare Edler | Trustee and Treasurer | Appointed 1 August 2021 |
Sian Scovell | Trustee | Appointed 18 November 2013 |
Other Committee Members are: |
Julia Lewer (Trustee) | Amelia Fisher (Trustee) |
Organisational structure |
The Committee is split into the Management Committee consisting of Chair, Treasurer and Manager (all Directors/Trustees). All other Committee Members belong to the Fundraising (PTA) Committee. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Brenchley Pre-School Limited (Registered number: 05022458) |
Report of the Trustees |
for the Year Ended 31 August 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
McCabe Ford Williams |
Bank Chambers |
61 High Street |
Cranbrook |
Kent |
TN17 3EG |
Solicitors |
Warners Solicitors |
16 South Park |
Sevenoaks |
Kent |
TN13 1AN |
Bankers |
Santander UK plc |
Bridle Road |
Bootle |
Merseyside |
L30 4GB |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Brenchley Pre-School Limited |
Independent examiner's report to the trustees of Brenchley Pre-School Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
DNA Boobbyer |
McCabe Ford Williams |
Bank Chambers |
61 High Street |
Cranbrook |
Kent |
TN17 3EG |
10 October 2024 |
Brenchley Pre-School Limited |
Statement of Financial Activities |
for the Year Ended 31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Pre-School Provision |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Pre-School Provision |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 76,823 |
Brenchley Pre-School Limited (Registered number: 05022458) |
Balance Sheet |
31 August 2024 |
31.8.24 | 31.8.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Stocks | 9 |
Debtors | 10 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 76,823 |
TOTAL FUNDS | 76,823 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Brenchley Pre-School Limited (Registered number: 05022458) |
Balance Sheet - continued |
31 August 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Brenchley Pre-School Limited |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The accounts are stated in £ sterling and are round to the nearest £1. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Grant income received relating to periods after the year end is treated as deferred income. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Raising funds |
Fundraising income is recognised when received. This includes claims for Gift Aid. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Improvements to property | - |
Fixtures and fittings | - |
Assets held on incorporation have been valued at their estimated depreciated market value at that time. All additions are valued at historical cost. The charity capitalises items of equipment which are expected to be of continuing use and which cost more than £100. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
1. | ACCOUNTING POLICIES - continued |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Going concern |
The charity has recorded a surplus for the past 4 years after recording a deficit in 2019. The surplus has arisen from an increase in private fees and increased pre-school numbers from extending the provision to wrap-around care and opening up for 2 year olds to have full day care. This has generated additional income and allowed for additional staff numbers to be employed and has resulted in an increase in associated costs. As a result, the Trustees consider that there are no material uncertainties relating to going concern. Therefore, the accounts have been prepared on a going concern basis. |
2. | OTHER TRADING ACTIVITIES |
31.8.24 | 31.8.23 |
£ | £ |
Fundraising events |
Uniform Sales | 1,448 | 1,261 |
3. | INVESTMENT INCOME |
31.8.24 | 31.8.23 |
£ | £ |
Deposit account interest |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.8.24 | 31.8.23 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any Committee Members or to any person or persons known to be connected to them aside from as noted below. |
Following the adoption of the Pre-School Learning Allowance 2012 Memorandum & Articles of Association, which now alllows members of staff to become Trustees/Directors, Mrs S Scovell was appointed as a Trustee and Director on 18 November 2013. As included in Note 6, Mrs Scovell was paid remuneration for her role in the Pre-school but received no remuneration in her capacity as Trustee/Director. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
Committee Members have been reimbursed for expenses incurred in pursuance of the Charity's activities. |
6. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.8.24 | 31.8.23 |
Qualified Pre-School Staff | 12 | 13 |
Administrator | 1 | 1 |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Pre-School Provision |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Pre-School Provision |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD |
76,823 |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
8. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
9. | STOCKS |
31.8.24 | 31.8.23 |
£ | £ |
Stocks |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Prepayments |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Social security and other taxes |
Accruals and deferred income |
12. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.9.23 | in funds | 31.8.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 76,823 | 2,389 | 79,212 |
TOTAL FUNDS | 2,389 | 79,212 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 231,581 | (229,192 | ) | 2,389 |
TOTAL FUNDS | ( |
) | 2,389 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.9.22 | in funds | 31.8.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 71,649 | 5,174 | 76,823 |
TOTAL FUNDS | 71,649 | 5,174 | 76,823 |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
12. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 221,435 | (216,261 | ) | 5,174 |
TOTAL FUNDS | 221,435 | (216,261 | ) | 5,174 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.9.22 | in funds | 31.8.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 71,649 | 7,563 | 79,212 |
TOTAL FUNDS | 71,649 | 7,563 | 79,212 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 453,016 | (445,453 | ) | 7,563 |
TOTAL FUNDS | 453,016 | (445,453 | ) | 7,563 |
Brenchley Pre-School Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
13. | RELATED PARTY DISCLOSURES |
14. | ULTIMATE CONTROLLING PARTY |
The company is controlled by its Trustees. There is no ultimate controlling party. |
15. | LIMITED LIABILITY |
The company is Limited by Guarantee. The company has no share capital and the liability of the members is limited. In the event of the company being wound up the liability for each member shall not exceed £1. |