## ## |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|||||||| ## ## ## ## ## ## ##