2021-03-31-accounts

			SORP reference	SORP reference
Summary	ofthe purposes of		Para	1.17	Development and education of children
the charity as set out		in its			primarily under statutory school age.
ovemin	document
Summary activities	ofthe main in relation to those		Para 1.19	1.17and	Ashurst Pre-School offers full or half day pre-school sessions during the school day
purposes	for the public				and a selection ofbefore or after school
benefit, in	particular,	the			sessions. Itreceives funding offered by the
activities,	projects or				Government in the form ofup to 15hours 2
services identified in		the			year old funding and up to 30hours 3year
accounts.					old and 4year old funding for eligible
					parents. Sessions can also be funded
					privately for sessions in excess ofa child's
					state-funded entitlement.
Statement	confirming		Para	1 18	The Trustees have had regard to the
whether the trustees		have			guidance issued by the Charity
had regard to the guidance					Commission on public benefit.
issued by	the Charity
Commission on public
benefit

ou ma c	ho	ose to	include fu	rther statement
				SORP reference
				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers
Other

Achieve	men	ts	and Per	formance
				SORP rsfaranra.
					The aims ofthe pre-school, which are to
					enhance the development and education	of
					children through the provision of play,
Summary ofthe main achievements ofthe charity,				Para 1.20	education and care facilities, were all achieved once more this year despite the
identifying	the	difference the			challenges from Covid restrictions.
charity's	work	has made to
the circumstances			of its		Ashurst Pre-school continues to be popular
beneficiaries and			any wider		with local parents and carers and places
benefits to society as a					are generally filled well in advance of
whole.					attendance. Although this financial period
					shows the impact ofthe Covid 19
					lockdowns. The trends ofoccupancy mirror
					the advice from the Government ofthe stay
					at home messages and restrictions that
					were in place. As a charity we made the
					decision not to charge the top up fees for
					any children not attending due to following
					the government's advice to stay at home.
					For the children who were unable to attend
					the setting parents were able to keep in
					touch through uploading photographs and
					observations through our online platform,
					Tapestry. Forthose children in receipt of
					any Pupil Premium home learning packs
					were made up and delivered to support the
					children in their homes.
					From September 2020 (new academic
					year) the pre-school has continued to have
					high occupancy rates and maintains a
					waiting list for additional sessions and for
					new starters in the future.

Achievements against
objectives set	Para 1.41
Performance offundraising
activities against objectives	Para 1.41
set
Investment performance	Pars 141
against objectives
Other

Financi	al Review	al Review	al Review
Review	ofthe charity's			Para 1.21	During the previous year and again this
financial		position at	the end		financial year the pre-school exceeded the
ofthe period					income threshold that required it to
					maintain accruals accounts under FRS102.
					We had to close the pre-school and
					furlough staff from March 2020 to
					2020 due to the lockdown restrictions. We then reopened on 1"June 2020 for any key
					workers and at risk families. Our occupancy
					trends follow the advice ofthe government
					and understandably some parents were
					cautious to return straightaway. This meant
					that although we continued to receive our
					government funding for parents taking up to the 30free childcare hours (ifeligible) we
					did not receive additional fees from paying
					parents iftheir child was not attending the
					setting due to the stay at home advice from
					the government.
					During this financial year we were unable to
					hold any ofour annual fundraising events
					due to the Covid restrictions in place
					throughout this financial year. This meant
					we sadly missed lots oflovely opportunities
					to interact with our families and our
					fundraising was very limited this year. As a
					result spending on extra resources was
					paused until we had more clarity on Covid
					restrictions.
Statement		explaining	the	Para 1.22	The pre-school seeks to maintain reserves,
policy for		holding reserves			adequate to cover an appropriate
stating why they are			held		contingency plan as set out below. A
					reserve for capital projects was largely
					exhausted through development ofthe site
					in the 2016-2017year but is continuing to
					be rebuilt to allow future ca ital investment.
Amount	ofreserves		held	Para 1.22	Staff redundancy and 1 months wages-
					E30,000
					Working capital reserves' - F30,000
					Capital reserves —F20,000
					The financial aims ofthe pre-school are to
					remain above the working capital and staff
					redundancy reserve (required in the event
					ofclosure) of660,000,except in
					exceptional times (such as during specific
					short-term investment).
					The pre-school accepts no financial risk
					and performs no investment activity. All
					reserves are held in low risk, fixed return,
					cash accounts.
					"Council funding is predominantly received
					at three specific points ofthe year but
					ex enses are incurred throu bout. At ear

					end, cash balances can be up to 830,000
					higher than at their lowest point in the
					erlod.
Reasons for	holding zero			Para 1.22	N/A
reserves
Details offund materially			in	Para 1.24	N/A
deficit
Explanation	of any			Para 1.23	As a committee we are continuing to
uncertainties	about the				monitor any covid restrictions and the
charity continuing		as a going			impact these might have on the pre-school.
concern					We are planning to increase our fundraising
					opportunities over the next year in
					conjunction with restrictions in place.
					We are also aware the minimum wage is
					set to rise again in April and will be
					reviewing wages and fees in accordance
					with these increases. We have been
					concerned that the Government have not
					increased the funding rates for the 2and 3
					year old grant funding for many years but
					we are pleased to have received an update
					from our local authority that this will be
					rising from April 2022 so we will be able to
					plan ahead accordingly.
					We continue to have high waiting lists and
					the support ofthe local authorities and
					Foxhill's schools who share the campus.
					Operation ofthe pre-school is subject to a
					strong regulatory environment in which it
					has performed well (being rated 'good' by
					OFSTED).The pre-school is located on
					land owned by the local authorities. The
					risk that the pre-school may not be a going
					concern is therefore considered very low
					and the Trustees are satisfied that the pre-
					school remains a oin concern.

Description ofcharity's
trusts:
Type ofgoverning document		Constitution
How is the charity	Para 1.25	Trust
constituted?
Trustee selection methods	Para 1.25	Appointed	at AGM
including details ofany
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Policies and procedures adopted for the induction	Para 1.51
and training oftrustees
The chadity's organisational structure and any wider	Para 1.51
network with which the
charity works
Relationship with any related	Para 1.51
parties
Other

Chari	name		Ashurst Pre-school
Other name the charity uses
Re istered charit		number	1023063
Charity's	principal	address	Ashurst Pre-school
			Foxhills
			Ashurst
			Southampton
			SO40 ?ED

mes	ofthe charity trus	tees who manage	the charity
	Trustee name	Office (ifany)	Dates acted ear	ifnot forwhole	Name to a	ofperson (or body) entitled int trustee ifan
1	Leah Arscott	Chairperson
2	Kevin Leggett	Treasurer
3	Laura Tuck		Resigned	October 2020
	Debra Jooste-
	Brown
5	Claire Minnock
6	Michael Minnock
7	Nina Cope		Resigned	January 2021
8	Zoe Tomlin
9	Katie SwiR
10	Hugh Greenwood		Joined October 2020
11
12
13
14
15
16
17
18
19
20

Signed	on behalf ofthe	charity's trustees
	Signature(s)
	Full name(s)	Leah Arscotl	Kevin Leggetl
Position	(eg Secretary,	Chair person	Treasurer
	Chair, etc)
	Date	gQ /0 I I202 4r

e CHARITY COMMISSION fp/t INptANp Ahtp WALING	e CHARITY COMMISSION fp/t INptANp Ahtp WALING	e CHARITY COMMISSION fp/t INptANp Ahtp WALING	e CHARITY COMMISSION fp/t INptANp Ahtp WALING	e CHARITY COMMISSION fp/t INptANp Ahtp WALING	Ch h Aehurat	Ch h Aehurat	N	ma re~choo/				Char/ty	No	1023063
									Annual	accounts	for the	eriod
					Period start			date		01/04l2020		Period end date		31/03/2021
									e0
											Reetrtcted
Recommended	categories			by					Unrestricted		income	Endowment			Prior year
activity										funds	funda	funds		Total funda	funds
										6	E	K			6
Incoming resources (Note				3)						F01	F02	F03		F04	F05
Income and endowments		from:
Donations and legacies									601
Charitabl actMties:									602
-Local authonty income										193,274				193,274	211,203
-Top-up fees										75,390				75,390	63,150
Other trading activities									603		3,450			3,450	4,602
Bank account tntersst									S04
Separate material item of	income								S05
Other									606
Total									S07
Resources expended		(Note 6)
Expenditure on:
Raising funds															549
Charitabts activities
-Staffcosts										226,629				226,629	213,264
- Rent										11,394				11,394	11,394
-Premises										16,259				16,259	16,412
- t/ttfi6es										3,677				3,677	3,137
- Equtpmsnt										11,311	3,450			14,762	16,287
- Insurance										1,497				1497	1,515
-oner										9,756				9,756	10,281
Separate material item ofexpanse
Other
Total										, 2					,8
Net income/(expenditure)			before		investment
gains/(losses)									613	11,860				11,860	6,114
Nst gains/(loosest on investments									S14
Net income/(expenditure)									615	11,860				11,860	6,114
Extraordinary items									616
Transfers between funds									617
Other recognised	gains/(losses):
Gains and losses on revaluation		offixed		assets for	the charity's			own uss	616
Other gams/tlossesl									619
Net movement in	funds								620	11,860				11,860	6,114
Reconciliation of	funds:
Total funds brought forward Total funds camed forward									621 622	167,843 1559 3				167,843 155,983	161,729 6,843
1												Chec	:

(i) the nature ofthe changein accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount ofthe adjustment for each line affected in
the cunent period, each prior period presented and the
aggregate amount ofthe adjustment relating to periods
before those presented, 3.44FRS102SORP.

(i) the nature ofany changes;
(ii) the effect ofthe change on income and expense or
assets and liabilities for the cunent period; and
(iii) where practicable, the etfect ofthe change in one or
more future periods.

(i) the nature ofthe prior period error;
(ii) foreach prior period presented in the accounts, the
amount ofthe correction for each account line item
atFectedi and
(iii) the amount ofthe correction at the beginning	ofthe
earliest prior period presentedin the accounts.

				~ ~ ~
Note 2				Accounting policies
2.2 INCOME
This standard		list ofaccounting policies has been applied by the charity except for those ticked No' or /V/a". Wham a
drtferent or	additional		policy	has been adopted then this is detailed in the box be/ow.
Recognition		ofincome		These are included in the Statement of Financial Activities (SoFA) when:
				~ the charity becomes entitled to the resources;
				it is more likely than not that the trustees will receive the resources, end		No	N/s
				~ the monetary value can be measured with sufficient reliability.
				There has been no offsetting ofassets and liabilities, or income and expenses, unless required	Yes	No	N/a
Offsetting				or permitted by the FRS 102SORP or FRS 102.
					Yes	No	N/a
				Grants and donations are only included in the SoFA when the general income
Grants and	donations			recognition criteria are met (5.10to 5.12FRS102SORP).
				In the case of performance related grants, income must only be recognised to the extent	Yes	No	N/a
				that the charity has provided the specified goods or services as entitlement to the grant
				only occurs when the performance related conditions are met (5.16FRS 102SORP).
Legacies				Legacies are included in the SOFA when receipt is probable, that is, when there has	Yes	No	N/a
				been grant of probate, the executors have established that there are sufficient assets in
				the estate and any conditions attached to the legacy are either within the control of the
				charity or have been met.
Government		grants		The charity has received government grants in the reporting period (added: this is income from the local authority for the provision ofchildcare)	Yes	No	N/a
				Gift Aid receivable is included in income when there isa valid declaration from the
Tax reclaims		on		donor. Any Gift Aid amount recovered on a donation is considered to be part ofthat gift	Yes	No	N/a
donations	and gifts			and is treated as an addition to the same fund as the initial donation unless the donor or
				the terms ofthe appeal have specified otherwise.
Contractual performance		income related	and	This is only induded in the SoFA once the charity has provided the related goods or services or met the performance related conditions.	Yes	No	N/a
grants
Donated goods				Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.	Yes	No	N/a
				The cost of any stock ofgoods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time oftheir receipt and they are recognised on	Yes	No	N/a
				receipt. In the reporting period in which the stocks are distributed, they are recognised
				as an expense at the carrying amount ofthe stocks at distribution.
				Donated goods for resale are measured at fair value on initial recognition, which is the
				expected proceeds from sale less the expected costs ofsale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance	Yes	No	N/a
				sheet. On its sale the value of stock is charged against 'Income from other trading
				activities' and the proceeds from sale are also recognised as 'Income from other trading
				activities .
					Yes	No	N/a
				Goods donated for on~oing use by the charity are recognised as tangible fixed assets
				and included in the SoFA as incoming resources when receivable.
					Yes	No	N/a
				Gifts in kind for use by the charity are included in the SoFAas income from donations
				when receivable.
Donated services and				Donated services and facilities are included in the SOFA when received at the value of	Yes	No	N/a
facilities				the gifl to the charity provided the value ofthe gift csn be measured reliably.
				Donated services and facilities that are consumed immediately are recognised as	Yes	No	N/a

	income wnn an equwaient amount recognisea as an expense unaer me appropnate
	heading in the SOFA.
			Yes	No	N/a
Support costs	The charity has incurred expenditure on support costs.
Volunteer help	The value ofany voluntary help received is not included in the accounts but is described in the trustees' annual report.		Yes	No	N/a
			es	o	Na
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable	can
royalties and dividends	be measured reliably.
Income from membership	Membership subscriptions received in the nature ofa gift are recognised in Donations		es	No	N/a
subscriptions	and Legacies.
	Membership subscriptions which gives a member the right to buy services or other		es	o	/a
	benefits are recognised as income earned from the provision ofgoods and services	as
	income from charitable activities.
Settlement ofinsurance claims	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FR$102SORP) and sre included as an item ofother income in the SoFA.		Yes	No	N/a
Investment gains and losses	This includes any realised or unrealised gains or /asm@ on the sale of investments any gain or loss resulting from revaluing investments to market value at the end of	and the	Yes	No	N/a
	year.
2.3EXPENDITURE	AND LIABILITIES
Liability recognition	Liabilities are recognised where it is more likely than not that there isa legal or		Yes	No	N/a
	constructive obligation committing the charity to pay out resources and the amount	of
	the obligation can be measured with reasonable certainty.
& Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.		es	0	a
	Support costs include central functions and have been allocated to activity cost		Yes	No	N/a
	categories on a basis consistent with the use of resources, eg allocating property costs
	by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFAonce the recipient ofthe grant has provided the specified service or output.		es	o	N/a
Grants payable without perfonnance conditions	Where there are no conditions attaching to the grant that enables the donor charity realistically avoid the commitment, a liability for the full funding obligation must be recognised.	to	Yes	No	N/a
Redundancy cost	The charity made no redundancy payments during the reporting period.		Yes	No	Nla
Deferred income	No material item of deferred income has been included in the accounts.		Yes	No	N/a
			es	No	N/a
Creditors	The charity has creditors which are measured st settlement amounts less any trade dlscoutits
Provisions for liabilities	A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the		Yes	No	Nla
	reporting date
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102SORP. Subsequent measurement isas per paragraphs 11.17 to 11.19,FRS102SORP.		Yes	No	N/a
2.4ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost st least
use by charity			Yes	No	N/e

		The depreciation rates and methods used are disclosed in note 9.2.
Intangible	ffxed assets	The charity has intangible fixed assets, that is, non-monetary assets	that do not			have			Yes	No	N/a
		physical substance but are identifiable and are controlled by the charity		through		custody
		or legal rights. The amortisation rates and methods used are disclosed		in note		9.5
									es	o	a
		They are valued at cost.
Heritage assets		The charity has heritage assets, that is, non-monetary assets veth historic, artistic,							Yes	No	N/a
		scientific, technological, geophysical or environmental qualities that	are	held	and
		maintained principally for their contribution to knowledge and culture.	The depreciation
		rates and methods used as disclosed in nots 9.6.130
									Yes	No	N/a
		They are valued at cost.
Investments		Fixed asset investments in quoted shares, traded bonds and similar	investments			are
		valued at initially at cost and subsequently at fair value (their market	value) at the year						Yes	No	N/a
		end. The same treatment is applied to unlisted investments unless fair value			cannot be
		measured reliably in which case it is measured at cost less impairment.
		Investments held for resale or pending their sale and cash and cash	equivalents			with a			Yes	No	N/a
		maturity date of less than 1 year are treated as current asset investments
Stocks and	work in	Stocks held for sale as part of non-charitable trade are measured at	the	lower	or cost or		net		Yes	No	N/a
progress		realisable value.
		Goods or services provided as part ofa charitable activity are measured		at net		realisable		value	es	No	Nla
		based on the service potential provided by items ofstock.
		Work in progress isvalued at cost less any foreseeable loss that is likely		to occur on the					Yes	No	N/a
		contract.
		Debtors (induding trade debtors and loans receivable) are measured	on	initial	recognition			at	Yes	No	N/a
Debtors		settlement amount after any trade discounts or amount advanced by	the	charity.		Subsequently,
		they are measured at the cash or other consideration expected to be	received.
Current asset		The charity has has investments winch it holds for resale or pending their sale and cash cash equivalents with a maturity date less than one year. These include cash on deposit					and and		Yes	No	Nla
investments		cash equivalents with a maturity date ofless than one year held for investment				purposes		rather
		than to meet short term cash commitments as they fall due.
									Yes	No	N/a
		They are valued at fair value except where they qualify as basic financial		instruments.
POLICIES	ADOPTED	To provide further detail ofour accounting policies:
ADDITIONAL TO OR
DIFFERENT FROM		Modular buildings shall be depreciated over 10years. Other tangible	assets considered				to have a benefit for			& 1 year	and in
THOSE ABOVE		excess of61,000cost shall be depreciated over 3years.
		Income is recognised over the period in which the related childcare is provided,				calculated		by term and pro rated across a
		term straddling the year end based on a daily calculation.
		An accrual for staff costs post the balance sheet date but related to the period			is made based on the following					month's	staff
		costs.

was paid please en	ter ti	'in tire appropriate box(es).
							This year		Last year
									0
Independent examiner's		fees
						Nil		Nil
Assurance services	other than audit or independent		examination
						Nil		Nil
Tax advisory fees
						Nil		Nil
Other fees (for example:		Snancial advice, consultancy,		accountancy	services) paid
to the Independent	examiner					Nil		Nil

					Freehold land	Other land &	Plant,		Fixtures,	Total
					&buildings	buildings	machinery	and	fittings and
							motor vehicles		equipment
At the beginning			ofthe			75,760	29,411			105,171
year
Additions
Revaluations
Disposals
	*
Transfers
At end ofthe		year				75,760	29,411			105,171
14.2 Depreciation				and	impairments
			Basis		SLor RB	SL	SL		SLor RB	SLor RB	Straight Line
											("SL")or
											Reducing
											Balance
											("RB")
				Rate		10 ears	3 ears
At beginning		of	the			27,147	16,093			43,240
year
Disposals
Depreciation						7,576	7,212			14,788
Impairment
Transfers*
At end ofthe		year				34,723	23,305			58,028
14.3Net book value
Net book	value		at	the		48,613	13,318			61,931
beginning	of	the year
Net book	value		at	the		41,037	6,106			47,143
end ofthe	year
											Checks

Trade debtors
Prepayments	and accrued income
Other debtors

	This	year	Last	year
Total

Accruals for grants	payable
Bank loans and overdrafts
Trade creditors
Payments received	on account forcontracts or
performance-related	grants
Accruals and deferred income
Taxation and social	security
Other creditors

	Amounts	falling due	Amounts	falling due after	falling due after
	within one year		more	than	one year
	This year	Last year	This year		Last year
		R
	3,485	3,452
Total

Note	24 Cash	at bank and in hand
					This year	Last year
Short	term cash investments	(less than 3months	maturity	date)
Short	term deposits				108,297	109,079
Cash	at bank and on hand				777	285
Other
Total