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2023-03-31-accounts

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

ou may 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 reference
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 through
identifying the difference the supporting
the children's
individual
needs,
Charity'S wnrk heS marie 1O wnrking
with familieS anrl tranSitiening
the circumstances
beneficiaries
and		 ofits
any wider		 children to school.
Ice.
benefits to society as a Ashurst
Pre-school continues to be popular
whole. with local parents
and carers and places
are generally
filled well in advance of
alt'8 i Iva1
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
OUJvctlves se1 Para ner
Performance
offundraising
activities against objectives Para 1.41
sct
Investment
performance		 Para '1.41
against objectives
Other

|0
I wc|i
Vlwvr|era
Ul ale||I
Ilcllny|P|121|Dudng
trhre previous year arnd again this| |---|---|---|---|---|---|---|---| |financial||position at the end|||||financial year the pre-school exceeded the| |of|the period||||||income threshold
that required
it to| ||||||||maintain
accruals accounts under FRS102.| ||||||||This year we continued
to see eligible| ||||||||parents taking
up the 30free childcare| ||||||||hours (was previous
15hours). Therefore,| ||||||||the majodity of our fees are paid from the| ||||||||Government's
funding.
We have continued| ||||||||to have parents
paying top up fees for extra| ||||||||sessions orforthose who do not qualify for| ||||||||the 30free hours however this is a lower| ||||||||level than
revious
ears.|

This year we were impacted
the significant
increase
in the staff wages due to the rise
in minimum
wage and living wage. We had
to increase our fees although
this was
delayed as we had to give parents
notice.
We have also noticed the impact on the
National Cost of Living crisis on all ofour
expenditure
and have been reviewing
our
expenses.
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
4I
nnaa
Ind'7
~
r
~.I
r
a:
irr urv av rv-a.v
r r yea& vuL Ia wnnuruiriu
iv
be rebuilt to allow future ca ital investment.
Amount of reserves held Para 1.22 Staff redundancy
and
1 months wages-
L'30,000
Working capital reserves* - F30,000
Capital reserves —620,000
The financial
aims ofthe pre-school are to
remain above the working
capital and staff
redundancy
reserve (required
in the event
ofclosure) of L'60,000,except in
exceptional times (such as durino 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,
casf r accouf rts.
*Council funding
is predominantly
received
at three specific points ofthe year but
expenses are incurred throughout.
At year
end, cash balances can be up tof30,000
higher than at their lowest point in the
period.
Reasons for holding zero Para 1.22 N/A
reserves
Details offund materially in Para 1.24 N/A
deficit
Explanation ofany Para 1.23 As a committee we have been monitoring
uncertainties about the 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
aiso continuing
to pian to increase our
fundraising
opportunities
over the next year
in conjunction
with restrictions
in place.
We are also aware the minimum
wage and
living wage is set 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
coxhill's sr hnnls
rvhn ahara the r sm us

Description
ofcharity's
tn 1st'a i
Type of governing
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
dditional
information		 (optional)
ou mav choose to include further statements where relevant abo
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
Relatinnahin
rsrith any relaterl		 P ~
1 51
parties
Other

Other name the charit Other name the charit Other name the charit uses
Re istered charit number 1023063
Charity's principal address Ashurst
Pre-school
Foxhgts
Ashurst
Southampton
SO40 7ED
ames ofthe charity trus tees who manage the charity
Trustee name Office (ifany) Dates acted ifnot for whole
sr		 Name
tos		 ofperson (or body) entitled
oint trustee
ifsn
Leah Arscott Chairperson
Kevin Leggett Treasurer
Hugh Greenwood
Claire Minnock Secretary Resigned October 2022
5 Michael Minnock Resigned October 2022
6 Katie Swift
7 Zoe Tomlin Resigned October 2022
8 Nicci Newman
9 Katie Barrett Joined October 2022
10 Katie Morris Joined October 2022
11 Kathryn
Chapman		 Joined October 2022
12
13
14
15
16
17
18
19
20
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

Signed on behalf ofthe charity's trustees
Signature(s)
Futt name(s) Leah Arscott K.t-'tT(E tvAm
Position (eg Secretary,
Chair, etc)		 Chair person Trustee / rot ~r~( r.~
Date /o'( 20%%
~
s
lOsO
QlO Restricted
alla Unrestricted income Endowment Total this Total last
o funds funds funds year year
E 8
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) 001
Tangible assets (Note 14) B02 25,885 25,885 34,889
Heritage assets (Note 16) B03
Investments (Note 17)
Total fixed assets B05 34,889
Current assets
Stocks (Note 18) 005
Debtors (Note 19) B07
Investments (Note 17.4) B08
Cash at bank and in hand (Note 24) B09
Total current assets B10 113,219
Creditors: amounts falling due within
one year (Note 20) B11 500 500 8,212
Net cument assetsy(fiabilitiesj 012 105,007
Total assets less current liabilities B13 139,896
Creditors: amounts falling due after
one year (Note 20) B14
Provisions
for liabilities		 B15
Total net assets orliabilities 015 111,148 111,148 139,896
Funds ofthe Charity
Endowment
funds (Note 27)		 817
Restricted income funds (Note 27) B18
Unrestricted
funds		 B19 111,148 111,148 139,896
Revaluation
reserve		 020
Total funds B21 139,896
Signed by one or two trustees on behalf of all Date of
the trustees Signature Print Name approval
dd/mm/
LEAH ACO T( 2Sci 2024/
~TIE w/4tft. D 2.s 0//202

(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 of the adjustment
foreach line affected in
the current period, each prior period presented
and the
aggregate
amount ofthe adjustment
relating to periods
before those presented, 3.44FRS102 SORP.

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

This standard This standard list ofaccounting
po/icies hss been applied by fhe charity except forthose ticked "No" or "Mls". Where a		 list ofaccounting
po/icies hss been applied by fhe charity except forthose ticked "No" or "Mls". Where a		 list ofaccounting
po/icies hss been applied by fhe charity except forthose ticked "No" or "Mls". Where a
different or edd/t/ona/ policy hes been adopted then this is detailed in the box below.
Recognition of income These are included
in the Statement ofFinancial
Acbvities (SoFA) when:
~
the charity becomes entitled to the resources;
it is more likely than not that the trustees
will receive the resources, snd		 yes No N/a
~
the monetary
value can be measured
with sutficient
reliability.
There has been no offsetting ofassets and liabilies, or income and expenses, unless required Yes No N/a
Offsetting or permitted
by the FRS102SORP or FRS102.
Yes No N/a
Grants and donations
are only included
in the SoFA when the general income
Grants and donations recognion
criteria are met (5.10to 5.12FRS102SORP).
In the case of performance
related grants, income must only be recognised tothe 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 condions 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 ofprobate, the executors have established
that there are sufficient assets in
the estate and sny 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
penod (added: this is
income from the local authority forthe provision
ofchildcara)		 Yes No N/a
Gifi Aid receivable is included
in income when there is a valid declaration
from the
Tax reclaims on donor.
Any Gilt Aid amount recovered
on a donation
ts considered
to be part ofthat gift		 Yes No N/a
donations and gifts and istreated as an addion to the same fund as the initial donafion
unless the donor or
the terms ofthe appeal have specified otherwise.
es No N/a
Contractual
pertonnance		 income
related		 and This is only included
in the SoFA once the charity has provided
the related goods or
services or met the performance
related condions.
grants
Yes No N/a
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless Impracfical
to do so.
The cost ofany stock ofgoods donated
for distribution
to beneficiarie
isdeemed to be
the fair value ofthose gifls atthe time oftheir receipt and they are recognised
on receipt.		 Yes No N/a
In the reporfing
period
in which the stocks are distributed,
they are recognised as an
expense atthe carrying
amount ofthe stocks st distribution.
Donated goods for resale are measured
at fair value on inifial recognise,
which isthe
expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
from other trading
sctivibss'
with the corresponding
stock recognised
in the balance		 Yes No N/a
sheet.
On its sale the value ofstock is charged against 'Income from other trading
acfivifies' and the proceeds from sale are also recognised as 'income from other trading
acbvities'
Yes No N/a
Goods donated
for on~clog use by the charity are recognised ss tangible
fixed assets
and included
in the SoFA as incoming resources when receivable.
Yes No Nrs
Gifis 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/s
facilities the gifi to the charily provided
the value ofthe gift can be measured
reliably.
Donated services and facilies that are consumed
immediately
are recognised as		 Yes No N/a
income with an equivalent
amount recognised as an expense under the appropriate
heading
in the SOFA.
Yes No N/s
Support costs The charity has incurred
expenditure
on support costs.
Yes No N/a
Yes No N/a N/a
They are valued at cost.
nvestments Fixed asset investments
in quoted shares, traded bonds and similar investments
are
valued at initiafiy at cost and subsequently
at fair value (their market value) atthe 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.		 Yes No N/s
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
Stocks and work in Stocks held for sale as part of non-charitable
trade are measured
atthe lower		 or cost or net Yes No N/a
progress realisable
value.
Goods or services provided as part ofa charitable
activily are measured
at net		 realisable value es No N/a
based on the service 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.
tyebtors Debtors (including trade debtom and loans receivable) are measured
on initial recognition
at
settlement
amount alter 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
which
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
cash equivalents
with a maturily date ofless than one year held for investment
purposes		 and
and
rather		 Yes No N/a
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
THOSE ABOVE		 Modular
buildings
shall be depredated
over 10years. Other tangible assets considered
excess offit,000cost shall be depreciated
over 3years.		 to have a benefit for & 1 year and in
Income is recognised
over the period in which the related childcsre is provided,		 calculated by term and pro rated across s
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
coals.

ives paid pl ease ent er '0'in the appropriate
box(esj.
This year Last year
R
Independent examiner's fees
Nil Nil
Assurance services other than audit or independent examination
Nil Nil
Tax advisory fees
Nil Nil
Other fees (forexample: financial advice, consultancy, accountancy services) paid
to the independent examiner Nil Nil

11.1 Staff Cost s
This year Last year
Salaries and wages 250,480.26 216,190
Social security costs 39,676.83 27,228
Pension costs (defined contribution scheme) 8,739.42 7,531
Other employee benefits
Total staff costs 298897 250948
Check
Please provide details ofexpenditure on staff working for the
charity whose contracts are with and are paid by a related party
costsj fell wrthin each band ofE
'true' in the box provided.		 costsj fell wrthin each band ofE
'true' in the box provided.

f0,000from 860,000		 upwards. Ifthere are no s uch trans actions ,
please e
No employees
received employee		 benefits (excluding employer TRUE
pension costs) for the reporting period of more than F60,000
Band Numberofem lo ees
660,000to 669,999
f70,000to679,999
680,000to 889,999
690,000to 699,999
6100,000to8109,999
Please provide the total amount paid to F30,414.89
key management
personnel		 (includes
trustees and senior management) for
their services to the charity
11.2 Average
head count in		 the year This year
Number		 Last year
Number
The parts ofthe charity
in which		 the
employees
work
Total

Freehold land Other land & Plant, Fixtures, Total
&buildings buildings machinery and 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 42,299 27,983 70,282
year
Disposals
Depreciation 7,576 1,428 9,004
Impairment
Transfers*
At end ofthe year 49,875 29,411 79,286
14.3Net book value
Net book value at the 33,461 1,428 34,889
beginning of the year
Net book value at the 25,885 25,885
end ofthe year
Checks

Trade debtors
Prepayments and accrued income
Other debtors
Total
Trade debtors
Prepayments and accrued income
Other debtors
This year Last year
K
Total

Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year
Last year
500 8,212
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 84,732 112,282
Cash at bank and on hand 1,031 938
Other
Total