2022-03-31-accounts

			SORP reference
Summary ofthe purposes		of	Para 1.17	Development and education ofchildren
the charity as set out overnin document	in its			primarily under statutory school age.
Summary ofthe main activities in relation to those purposes for the public			Para 1.17and 1.19	Ashurst Pre-School offers full or half day pre-school sessions during the school day and a selection ofbefore or after school
benefit, in particular, activities, projects or services identified in	the the			sessions. It receives funding offered by the Government in the form of up to 15hours 2 year old funding and up to 30 hours 3year
accounts.				old and 4 year 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

				SORP reference
					The aims ofthe pre-school, which are to
					enhance the development and education	of
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances ofits				Para 1.20	children through the provision of play, education and care facilities, were all achieved once more this year through supporting the children's individual needs, working with families and transitioning children to school.
beneficiaries and			any wider
benefits to society as a whole.					Ashurst Pre-school continues to be popular with local parents and carers and places
					are generally filled well in advance of
					attendance. This financial period shows the
					year after the Covid 19lockdowns. The
					trends ofoccupancy and attendance
					increased and went back to capacity with
					parents requesting more sessions to
					increase socialisation for the children.
					From September 2021 (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	Para 1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's financial position at the end ofthe period		Para 1.21	During the previous year and again this financial year the pre-school exceeded the income threshold that required itto
			maintain accruals accounts under FRS102.
			This year we continued to see eligible
			parents taking up the 30free childcare
			hours was revious 15hours .Therefore,

					the majority of our fees are paid from the
					Government's funding. We have continued
					to have parents paying top up fees for extra
					sessions or for those who do not qualify for
					the 30free hours however this isa lower
					level than previous years.
					During this financial year we began to hold
					some ofour annual fundraising events that
					were pasued the previous year due to
					Covid 19restrictions. These were events
					that were largely outside or on a smaller
					scale than previous years. We aim to plan
					more fundraising events in the next
					academic year.
					The pre-school's intention following a
					recent fee review isto research other
					settings fees to ensure our fees are in line
					with the local area so that we can
					implement the increase in fees for the
					portion ofparents who pay at the start of
					the next academic year (January 2023) in
					order to offset the wage increase and living
					costs.
Statement explaining		the		Para 1.22	The pre-school seeks to maintain reserves,
policy for holding reserves stating why they are held					adequate to cover an appropriate 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-
					k30,000
					Working capital reserves* - 630,000
					Capital reserves —E20,000
					The financial aims ofthe pre-school are to
					remain above the working capital and staff
					redundancy reserve (required in the event
					ofclosure) of260,000,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
					expenses are incurred throughout. At year
					end, cash balances can be up to F30,000
					higher than at their lowest point in the
					eriod.
Reasons for holding		zero		Para 1.22	N/A
reserves
Details offund materially			in	Para 1.24	N/A
deficit

Explanation uncertainties	ofany about the	ofany about the	Para 123	As a committee we have been monitoring and observing the national increased cost
charity continuing		as a going		of living. Our plan in the next financial year
concern				is to continue to review the impact that the
				national issues have on the setting. We are
				also continuing to plan to increase our
				fundraising opportunities over the next year
				in conjunction with restrictions in place. We
				are also looking to grants and funding
				support that may be available to the pre-
				school.
				We are also aware the minimum wage and
				living wage isset to rise again in April and
				will be reviewing wages and fees in
				accordance with these increases.
				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 istherefore considers very low
				and the Trustees are satisfied that the pre-
				school remains a oin concern.

Description ofcharity's
trusts:
Type ofgoverning document		Constitution
How isthe 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 charity's	organisational
structure and any wider		Para 1.51
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

Refere	nce and	Ad	minis	trative details
Charit	name			Ashurst Pre-school
Other name the charit			uses
Re istered charit		number		1023063
Charity's	principal	address		Ashurst Pre-school
				Foxhilts
				Ashurst
				Southampton
				SO40 7ED

Funds held as custodian trustees on behalf ofothers	Funds held as custodian trustees on behalf ofothers
Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation ofsuch assets
from the charity's own
assets

~	a
					Vl4l0Z
					O4l		Restricted
						Unrestdcted	income	End	owme		Total this	Total last
					U	funds	funds	ntfunds			year	year
						6					E
Fixed assets						F01	F02	F03			F04	F05
Intangible assets				(Note 15)	801
Tangible assets				(Note 14)	802	34,889					34,889	47,143
Heritage assets				(Note 16)	803
Investments				(Note 17)
				Total fixed assets	805							47,143
Current assets
Stocks				(Note 18)
Debtors Investments Cash at bank and			in	(Note 19) (Note 17.4) hand (Note 24)	807 809 809							3,250
			Total current assets		810							112,325
Creditors:	amounts			falling due within
one year		(Note 20)			811	8,212					8,212	3,485
Nef current				assetsl(liabilitiesj	812							108,840
Total assets		less current liabilities			813							155,983
Creditors:	amounts			falling due after
one year			(Note 20)		814
Provisions for liabilities					815
Total nef assets orliabilities					816	139,8S6					139,896	155,983
Funds of	the	Charity
Endowment	funds		(Note 2?)		817
Restricted income			funds (Note 27)		818
Unrestricted	funds				819	139,896					139,896	155,983
Revaluation	reserve				820
				Total funds	821							155,983
Signed by one	or tvvo		trustees on behalf of ail									Date of
the trustees						Signature			Print		Name	approval
												dd/mm/
												u.+(43lgC	2-
								tv/M		Mv'+CM?			2.

(i)the nature ofthe change in 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 current period, each prior period presented and the
aggregate amount ofthe adjustment relating toperiods
before those presented, 3.44FRS102SORP.

(i) the nature of any changes;
(ii) the effect ofthe change onincome and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect ofthe change in one or
more future periods.

(ii) foreach prior penod presentedin the accounts, the
amount ofthe correction foreach account lineitem
affected; and
(iii) the amount ofthe correction at the beginning ofthe
earliest prior period presented in the accounts.

				~ ~
Note 2				Accounting policies
2.2 INCOME
This standard list o/ accounffng policies has been applied by ffre cheriiy except /br those licked "No"or "N/e". I/I/here a different or af/dNona/ policy has been ed'opted then this isde/ai/ed in me box below.
Recognition	of income			These are included in the Statement ofFinancial AcMies (SoFA) when: ~ the charity becomes en5tled tothe resources;
				it is more likely than not that the trustees will receive the resources; and ~ the monetary value can be measured with sufficient reliability.	yes	No	N/a
Offsetting				There has been no oifsstbng ofassets and liabilities, or income and expenses, unless required or permitted by the FRS102SORP or FRS102.	Yes	No	N/s
					Yes	No	N/a
Grants and	donations			Grants and dona5ons are only included in the SoFA when the general income recognlfion criteria are met (5.10to5.12FRS102SORP).
Legacies				In the case ofperformance related grants, income must only be recognised to the extent 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 are included in the SOFA when receipt is probable, that is, when there has been grant ofprobate, the executors have established that there are suflicient assets in	Yes Yes	No No	N/a N/a
				the estate and any conditions attached to the legacy are either within the control ofthe
				charity or have been met.
Government	grants			The charily has received government grants in the reporfing period (added: this is income from the local authority forthe provision ofchildcara)	Yes	No	N/a
Tax reclaims on donations and gifts				Gift Aid receivable is included in income when there isa valid declaration from the donor. Any Gilt Aid amount recovered on a donation is considered to be part ofthat gift snd istreated as an addition tothe same fund asthe ingal donafion unless the donor or	Yes	No	N/a
				the terms ofthe appeal have specified otherwise.
Contractual performance grants	income and related			This is only included in the SoFAonce the charity has provided the related goods or services or met the performance related conditions.	es	No	N/s
Donated goods				Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical todo so.	Yes	No	N/a
				The cost ofany stock ofgoods donated for dbtnbufion to beneliciaries isdeemed to be
				the fair value ofthose glfis atthe rime oftheir receipt snd they are recognised on receipt. In the reporting period in which Ihe stocks are distributed, they sre recognised as an	Yes	No	N/a
				expense atthe carrying amount ofthe stocks at distribution.
				Donated goods for resale are measured at fair value on inibal recognibon, which isthe expected proceeds from sale less the expected coals ofsale, and recognised in 'Income from other trading scMies' with the corresponding stock recognised in the balance sheet. On its sale the value ofstock is charged against 'Income from other trading acfivifies' and the proceeds from sale sre also recognised ss 'Income from other trading acbvlbes .	Yes	No	N/a
				Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFAas incoming resources when receivable.	Yes	No	N/a
				Glfis in kind for use by the chsrity are included in the SoFA as income from donations	Yes	No	N/a
				when receivable.
Donated services and facilities				Donated services and facilifies are included in the SOFA when received at the value of the gift to the charity provided the value ofthe gift csn bs measured reliably.	Yes	No	N/a
				Donated services and faciliTies that are consumed immediately are recognised as income with an equivalent amount recognised ss an expense under the appropriate heading in the SOFA.	Yes	No	N/a
Support costs				The charity has incurred expenditure on support costs.	Yes	No	N/a
				Tho trolt onf nrrnnltrnton h In r ohrorl ' nnt I I otorl intho w nnnlo trtt W rioorri~	Yes	No	N/a

Volunteer help	in the trustees' annual report.
Income from interest, royalties and dividends	This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.	es	0	a
Income from membership subscriptions	Membership subscrip5ons received in the nature ofa gift are recognised in Donations and Legacies.	es	No	N/a
	Membemhip subscriptions which gives a member the right to buy senrices or other benefits are recognised as income earned from the provision ofgoods and services as income from charitable activities.	es	o	a
Settlement of insurance claims	Insurance claims are only included in the SoFAwhen the general income recognibon criteria are met (IL10to5.12FRS102SORP) and are included as an item ofother	Yes	No	N/a
	income in the SoFA.
Investment gains and losses	This includes any realised or unrealised gains orlosses on the sale ofinvestments and any gain or loss resulting from revaluing inveslments to market value at the end ofthe	Yes	No	N/a
	year.
2.3EXPENOITURE	AND LIABILITIES
Liability recognition	Liabilibes are recognised where it is more likely than not that there is a legal or construcbve obliga5on committing the charity to pay out resources and the amount ofthe obligafion can be measured with reasonable certainty.	Yes	No	N/a
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance coals comprise afi costs involving public accountability ofthe charity and ils compliance with regulation and good pracfice.	es	0	8
	Support costs include cemrel funcbons and have been allocated to acbvity cost categories on a basis consistent with the use ofresources, eg allocating properly coals by floor areas, or per capita, staff coals by the time spent and other costs by their usage.	Yes	No	N/a
Grants with performance coiiditlons	Where the charity gives a grant with condiTions for its payment being a specific level of seniice or output to be provided, such grants are only recognised in the SoFA once the recipient ofthe grant has provided the specified service or output.	es	0	a
Grants payable without performance conditions	Where there are no condifions attaching to the grant that enables the donor charity to realisficafiy avoid the commibnent, a liability for the full funding obligation must be recognised.	Yes	No	N/a
Redundancy cost	The charity made no redundancy payments during the reporting period.	Yes	No	N/a
Deferred income	Deferred income is recognised tothe extent fees are received in the finandal year but relate to term days falling afier the year end.	Yes	No	N/a
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounis	es	No	N/a
Provisions for liabilities	A liability is measured on recognition at its historical cost and then subsequently measured atthe best esfimate ofthe amount required tosetfie the obbgation at the reporbng date	Yes	No	N/a
Basic financial Ins'truilients	The charity accounts for basic financial instruments on intfial recognibon as per paragraph 10.7FRS102SORP. Subsequent measurement isas per paragraphs 11.17 to 11.19,FRS102SORP.	Yes	No	N/a
2.4ASSETS
Tangible fixed assets for use by charity	These are capitalised ifthey cen be used for more than one year, end cost at least
	They are valued at depreciated cost	Yes	No	N/a
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identiTisble and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5	Yes	No	N/a
	They are valued at cost.	es	0	s
Heritage assets	The charity has heritage assets, that is, non-monetary assets wilh historic, artistic, scientific, technological, geophysical or environmental qualBes that are held and	Yes	No	N/a
	maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1vk

			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 end. The same treatment is applied to unlisted investments unless fair value cannot be		Yes	No	N/a
	measured reliablv 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 maturity date ofless than 1year are treated as current asset investments		Yes	No	N/a
Stocks and work in	Stocks held for sale as part ofnon-charitable trade are measured at the lower or cost or	net	Yes	No	N/a
progress	real/sable value.
	Goods orservices provided as part ofa charitable ectivity are measured at net realisable	value	es	No	N/a
	based on the sen/ice potential provided by items ofstock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the		Yes	No	N/a
	contract.
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at setllement amount after any trade discounts or amount advanced by the charily. Subsequently, they are measured atthe cash or other consideration expected to be received.		Yes	No	N/a
Current asset investments	The charity has has investments whrch it holds for resale or pending their sale and cash and cash equivalents with a matunly date less than one year. These include cash on deposit and 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
			Yes	No	N/a
	They are valued at fair value except where they qualify as basic gnsncial instruments.
POLICIES ADOPTED	To provide further detail ofour accounting policies:
ADDITIONAL TO OR
DIFFERENT FRONI THOSE A80)/E	Modular buildings shall be depredator over 10years. Other tangible assets considered to have a benefit for excess ofK1,000costshall be depreciate over 3years.			& 1 year	and in
	Income is recognised over the period in which the related childcare is provided, calculated term straddling the year end based on a daily calculagon.	by term and pro rated across a
	An accrual for staff costs post the balance sheet date but related to the period is made based on costs.		the following	month's	staff

							This year f		Last year
Independent examiner's		fees
Assurance services	other than audit or independent		examination			Nil		Nil
Tax advisory fees						Nil		Nil
Other fees (forexample: financial advice, consultancy, tothe independent examiner				accountancy	services) paid	Nil		Nil
						Nil		Nil

			This	year	Last year
				6
				216,189.58	191,852
				27,228.48	28,078
				7,530.73	6,698
Total	staff	costs		250949	226 629
		Check

'true' in the box provided.		, ,	p.	are no su	ran	ac
No employees received employe	e	benefits (excluding	employer			TRUE
pension costs) for the reporting		period of more than	660,000
Band				Number ofem	lo ees
860,000to 669,999
670,000to 679999
660,000to689,999
E90,000to 699,999
8100,000to8109,999
Please provide the total amount	paid to			630,601.09

	This year	Last year
	Number	Number
Total

						Freehold land	Other land &	Plant,		Fixtures,	Total
						tt buildings	buildings	machinery	end	fittings and
								motor vehicles		equipment
At the beginning				of			75,760	29,411			105,171
the year
Additions
Revaluations
Disposals
Transfers	*
At end of	the	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				34,723	23,305			58,028
year
Disposals
Depreciation							7,576	4,678			12,254
Impairment
Transfers*
At end ofthe		year					42,299	27,983			70,282
14.3Net book value
Net book value			at	the			41,037	6,106			47,143
beginning	ofthe		year
Net book value end ofthe year			at	the			33,461	1,428			34,889
												Checks

Trade debtors
Prepayments	and accrued income
Other debtors
		Total

This	year	Last year
		3,250.0
		3,250.0

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 for contracts or
performance-related	grants
Accruals and deferred income
Taxation and social	security
Other creditors

	Amounts	falling due	Amounts	falling due after
	within	one year	more	than one year
	This year	Last year	This year Last year f
	8,212	3,485
Total

Balance	at the start ofthe reporting	period
Amounts	added in current period
Amounts	released to income from	previous	periods
Balance	at the end ofthe reporting	period

Note	24	Cash	at bank and in hand
						This year	Last year
Short Short Cash	term cash investments term deposits at bank and on hand		(less than 3months	maturity	date)	112,282	108,297 777
Other
Total

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