**New Studio Annual Report 2024/2025** **2024-2025 has been a wonderful year for New Studio – We had our Ofsted Inspection and received a Grading of Good** **The Inspector said that our Children are happy in Our nurturing and inclusive environment. She also commented on how the staff are good role models and the children are well prepared for transitions to school and that children with SEND have personalised support to ensure their needs are met and they make good progress.** **Our Forest School provision continues to be a great success, and the children benefit from a learner inspired and hands on experience in a natural environment, children grow in confidence as they problem solve and manage risks which supports their emotional and social needs and provides them with a sense of well-being.** **The children are also continuing to grow fruit and vegetables in our allotment, and we use them for snack or cooking, this gives children a sense of achievement watching them grow alongside the knowledge of how food grows.** **Children, staff and parents went on a visit to the theatre to see a production of Father Christmas by Raymond Briggs and we had an entertainer at Our Christmas Party.** **We celebrated many festivals including Diwali, Eid, Chinese New Year, St Patricks, St Davids and St Georges day, Remembrance & VE Day.** **We also held A Mothers / Grannies Coffee Morning plus A Fathers /Grandads Breakfast.** **We had an amazing Summer Fair with past present and future children and their families attending.** **Feedback from leaving parents is always positive and they all say that their time at New Studio has given their child the best possible start and are school and life ready when they leave us.** **We are grateful to our landlords Notting Hill Methodist Church for their continued support and maintenance of our building and garden.** **We are very much part of the local community and have good links with the local schools.** **New Studio Preschool has families returning with siblings and now have the children of parents who attended New Studio themselves and returning to be part of ‘The New Studio Family ‘** **We look forward to seeing what this next year brings.** Charity Registration No. 1017489 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Newstudio Pre-school Registered as an Educational Charity Charity Information . 31st March 2025 Offiicers: Jemima Powell Rebecca Becher Claire Sheppard Chair Person Secretary Treasurer Committee Members: Melanie Clarke Casey Wragge Scarlett Spencer-churchill Trustees: Amanda Grender Sophie Cogan Ines Sanna Registered Charity Number: 1017489 Registered Office: Kelfield Mews Kelfield Gardens London W106LS Bankers: CAF BANK Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Management Accountant G.K Murugesu FCMA Newstudio Pre.School Committee Members, Responsibilities in the preparation of financial statements For the year ended 31st March 2025 Charrty Legislation requires the committee to prepare financial statements for each financial year which give a true and fair view of the state of the Charity as at the end of the financial year and the income and expenditure of the Charity for the year ended on that date. In preparing those financial stalements, suitable accounting policies have been used, framed, to the best of the Committee's knowledge and behalf, by reference to reasonable and prudent judgements and estimates and applied consistently. Applicable accounting standards have been followed. The committee is also required to indicate where the financial statements are prepared other than on the basis that the Charity is a going concern. The Committee is responsible for ensuring that arrangements are made for keeping proper books of account with respect to the Charity's transactions and its assets and liabililies and for maintaining a satisfactory system of control over the Charity's books of accounts and transactions. The Committee is also responsible for ensuring that arrangements are made to safeguard the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud detection of fraud and other irregularities, The Financial Statement have been prepared on Accruals Accounting basis, from the Accounting records provided by the New Studio Pre-school Parents Committee. Prepared by.. G.K.Murugesu FCMA Chartered Management Accountant Newstudio Pre-school Statement of Financial Activities for the year ended 31 st March 2025 Notes Designated Restricted Unrestricted Funds Funds Funds Total 2025 Total 2024 Income and Expenditure Incoming Resources from Generated Funds Voluntary Income 5,413 5,413 1,592 Investment Income 526 526 210 Incoming Resources from Charitable Activities 201,065 201,065 187,772 Total Incoming Resources 207,004 207,004 189,574 Resources Expended Charitable Aclivilies 166,051 166,051 156,708 Governance Costs 10 9,000 9,000 8,450 Fund Raising Costs 11 45 45 38 Total Resources Expended 175,096 175,096 165,196 Net Incoming Resources 31,908 31,908 24,378 Funds brought forward 41,679 41,679 17,301 Transfer of Funds Funds Carn'ed foNard 73,587 73,587 41,679 All the Charity's operations are classed as continuing. statement of Total Recognised Gains and Losses There were no recognised gains and losses other than those included in the Statement of Financial Activities. No.wstiid i o Pi'L,.S4-.1i0()I B.Il,Iiic.c Sliei!I,i% (il 3 1st M¢ll'LI) 21)2r NfjlKIs Ciii'i'eiit Assots tisli ¢11 B,i:.)k Dfrblors Current Liabilities. luiider 1 yeai'l Credilorl & Acc.riials Net Assets Analysis of Net A55els by Fund UnieslTicled Funcss 6 J, Jf87 Desigiialed Funds 10,000 111.LOQ Reslricled Funds 73,587 Trustee. Newstudio Pre-scliool Trustee -Newstudio Pre.SclioDI Trustee - Newstudio Pre.S¢hool Approved on behalf of the Newstudio Pre-school on....... .2025 Newstudio Pre.School Notes to the Financial Statements For the Year Ended 31st March 2025 1) Accounting Policies Accounting Convention The Accounts are prepared under the Historical Cost Convention and take into account the recommendations outlined in the Statements of Recommended Practice. Fixed Assets Play equipment expenditure is written off to the income and expenditure account in Ihe year in which the expenditure is incurred. All other assets purchased over £1000, not specifically funded are, capitalised, and written off to Ihe Income and ExpenditLtre Account over a period of four years. 2) Designated Funds The funds have been allocated for the following purposes: 2025 2024 Contractual Statutory Liabilities 10,000 10,000 2025 2024 3) Staff Costs Salaries 108,877 109,397 108,877 109,397 2025 2024 Part-time Slaff No employee was remunerated at a rate of £60,000 {2022= £60,000). 4) Trustees Expenses:. For 2024- £NIL (2023- £NIL). 5) Analysis of Funds Unrestricted Restrlcted Fund Fund Total 2025 Fixed Assets Current Assets Current Liabilities 73,587 73,587 73,587 73,587 Newstudio Pre-school Notes to the Financial Statements For the Year to 31 st March 2025 Statement of Financial Activities Incoming Resources from Generated Funds Restricted Unrestricted Funds Funds Total 2025 Total 2024 6) Voluntary Income Royal Borogh of Kensington & Chelsea Donation & Fund Raising Other Income 3,406 2,007 3,406 2,007 1,592 5,413 5,413 1,592 7) Investment Income Bank Interest 526 526 210 526 526 210 81 Incoming Resources from Charitable Activities Fee Income MFE & Under 2 Year Funding RBKC Olher Grant 31,032 31,032 47,689 170,033 170,033 134,085 5,998 201,065 201,065 187,772 Total Incoming Resources 207,004 207,004 189,574 Newstudio Pre-school Notes to the Financial Statements For the Year Ended 31 st March 2025 Restricted Unrestricted Funds Funds Total 2025 Total 2024 9) Charitable Activities Salaries Stsff Training 108,877 108,877 226 226 109,397 474 Rent & Services Telephone Insurance Repairs & Renewals Cleaning 33,669 1,253 1,645 550 456 33,669 1,253 1,645 550 456 29,615 1,360 885 192 300 Activities Outting Toys & Equipment Consumables 449 500 10,422 4,370 449 500 10,422 4,370 697 600 4,262 6,837 Subscription Publicity Printing postage stationery 629 629 1,100 2,945 2,945 929 Bank Charyes 60 60 60 166,051 166,051 156,708 10) Governance Accountancy Fee 9,000 9,000 8,450 11) Fund Raising expenditure 45 45 38 Total Resources Expended 175,096 175,096 165,196 Charity Registration No. 1017489 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Newstudio Pre-school Registered as an Educational Charity Charity Information . 31st March 2025 Offiicers: Jemima Powell Rebecca Becher Claire Sheppard Chair Person Secretary Treasurer Committee Members: Melanie Clarke Casey Wragge Scarlett Spencer-churchill Trustees: Amanda Grender Sophie Cogan Ines Sanna Registered Charity Number: 1017489 Registered Office: Kelfield Mews Kelfield Gardens London W106LS Bankers: CAF BANK Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Management Accountant G.K Murugesu FCMA Newstudio Pre.School Committee Members, Responsibilities in the preparation of financial statements For the year ended 31st March 2025 Charrty Legislation requires the committee to prepare financial statements for each financial year which give a true and fair view of the state of the Charity as at the end of the financial year and the income and expenditure of the Charity for the year ended on that date. In preparing those financial stalements, suitable accounting policies have been used, framed, to the best of the Committee's knowledge and behalf, by reference to reasonable and prudent judgements and estimates and applied consistently. Applicable accounting standards have been followed. The committee is also required to indicate where the financial statements are prepared other than on the basis that the Charity is a going concern. The Committee is responsible for ensuring that arrangements are made for keeping proper books of account with respect to the Charity's transactions and its assets and liabililies and for maintaining a satisfactory system of control over the Charity's books of accounts and transactions. The Committee is also responsible for ensuring that arrangements are made to safeguard the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud detection of fraud and other irregularities, The Financial Statement have been prepared on Accruals Accounting basis, from the Accounting records provided by the New Studio Pre-school Parents Committee. Prepared by.. G.K.Murugesu FCMA Chartered Management Accountant Newstudio Pre-school Statement of Financial Activities for the year ended 31 st March 2025 Notes Designated Restricted Unrestricted Funds Funds Funds Total 2025 Total 2024 Income and Expenditure Incoming Resources from Generated Funds Voluntary Income 5,413 5,413 1,592 Investment Income 526 526 210 Incoming Resources from Charitable Activities 201,065 201,065 187,772 Total Incoming Resources 207,004 207,004 189,574 Resources Expended Charitable Aclivilies 166,051 166,051 156,708 Governance Costs 10 9,000 9,000 8,450 Fund Raising Costs 11 45 45 38 Total Resources Expended 175,096 175,096 165,196 Net Incoming Resources 31,908 31,908 24,378 Funds brought forward 41,679 41,679 17,301 Transfer of Funds Funds Carn'ed foNard 73,587 73,587 41,679 All the Charity's operations are classed as continuing. statement of Total Recognised Gains and Losses There were no recognised gains and losses other than those included in the Statement of Financial Activities. No.wstiid i o Pi'L,.S4-.1i0()I B.Il,Iiic.c Sliei!I,i% (il 3 1st M¢ll'LI) 21)2r NfjlKIs Ciii'i'eiit Assots tisli ¢11 B,i:.)k Dfrblors Current Liabilities. luiider 1 yeai'l Credilorl & Acc.riials Net Assets Analysis of Net A55els by Fund UnieslTicled Funcss 6 J, Jf87 Desigiialed Funds 10,000 111.LOQ Reslricled Funds 73,587 Trustee. Newstudio Pre-scliool Trustee -Newstudio Pre.SclioDI Trustee - Newstudio Pre.S¢hool Approved on behalf of the Newstudio Pre-school on....... .2025 Newstudio Pre.School Notes to the Financial Statements For the Year Ended 31st March 2025 1) Accounting Policies Accounting Convention The Accounts are prepared under the Historical Cost Convention and take into account the recommendations outlined in the Statements of Recommended Practice. Fixed Assets Play equipment expenditure is written off to the income and expenditure account in Ihe year in which the expenditure is incurred. All other assets purchased over £1000, not specifically funded are, capitalised, and written off to Ihe Income and ExpenditLtre Account over a period of four years. 2) Designated Funds The funds have been allocated for the following purposes: 2025 2024 Contractual Statutory Liabilities 10,000 10,000 2025 2024 3) Staff Costs Salaries 108,877 109,397 108,877 109,397 2025 2024 Part-time Slaff No employee was remunerated at a rate of £60,000 {2022= £60,000). 4) Trustees Expenses:. For 2024- £NIL (2023- £NIL). 5) Analysis of Funds Unrestricted Restrlcted Fund Fund Total 2025 Fixed Assets Current Assets Current Liabilities 73,587 73,587 73,587 73,587 Newstudio Pre-school Notes to the Financial Statements For the Year to 31 st March 2025 Statement of Financial Activities Incoming Resources from Generated Funds Restricted Unrestricted Funds Funds Total 2025 Total 2024 6) Voluntary Income Royal Borogh of Kensington & Chelsea Donation & Fund Raising Other Income 3,406 2,007 3,406 2,007 1,592 5,413 5,413 1,592 7) Investment Income Bank Interest 526 526 210 526 526 210 81 Incoming Resources from Charitable Activities Fee Income MFE & Under 2 Year Funding RBKC Olher Grant 31,032 31,032 47,689 170,033 170,033 134,085 5,998 201,065 201,065 187,772 Total Incoming Resources 207,004 207,004 189,574 Newstudio Pre-school Notes to the Financial Statements For the Year Ended 31 st March 2025 Restricted Unrestricted Funds Funds Total 2025 Total 2024 9) Charitable Activities Salaries Stsff Training 108,877 108,877 226 226 109,397 474 Rent & Services Telephone Insurance Repairs & Renewals Cleaning 33,669 1,253 1,645 550 456 33,669 1,253 1,645 550 456 29,615 1,360 885 192 300 Activities Outting Toys & Equipment Consumables 449 500 10,422 4,370 449 500 10,422 4,370 697 600 4,262 6,837 Subscription Publicity Printing postage stationery 629 629 1,100 2,945 2,945 929 Bank Charyes 60 60 60 166,051 166,051 156,708 10) Governance Accountancy Fee 9,000 9,000 8,450 11) Fund Raising expenditure 45 45 38 Total Resources Expended 175,096 175,096 165,196