] CHARITY C MMISSI FOR ENGLAND ANI) WAI_ES Trustees, Annual Report for the period From 114123 Period start date To 3113124 Period end date Charity name: Ashurst Pre-school Charity registration number: 1023063 Objectives and Activities SORP reléren¢e Para 1.17 Summary of the purposes of the Gharily as set oul in its overnin document Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts, Development and education of children prirnarily under statutory school age. Para 1.17 and 1.19 Ashurst Pre-school offers full or half day pre-school sessions during the school day and a selection of before or after school sessions. It receives funding offered by the Government in the form of up to 15 hours 2 year old funding and up to 30 hours 3 year old and 4 year old funding for eligible parents. Sessions can also be funded privately for sessions in excess of a child's state-funded entitlement. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional informatlon (optional) You ma choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Paia 1.38 Contribution made by volunleers Other
Achievements and Performance SORP reference The aims of the pre-school, which are to enhance Ihe development and education of children through the provision of play, education and care facilities, were all achieved once more this year Ihrough supporting the children's individual needs, working with families and transitioning children lo school. Summary of the main achievements of the charity, identifying the differen the charily's work has made lo the circumstances of its beneficiaries and any wider benefits to society as a whole. Pala 1.20 Ashurst Pre-school continues lo be popular with local parents and carers and places are generally filled well in advance of attendance. 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. Addltional Infoymatlon (optional) You ma choose to include further statements where relevant about: Achievements againsl objectives set Pora 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Paia 1.41 Other Financial Review Review of Ihe charity's financial position at the end of the period Pafa 121 During the previous year and again this financial year the pre-school exceeded the income threshold that required it to maintain accruals accounts under FRS102. This yeaT we continued to see eligible parents taking up the 30 free childcare hours. Therefore, the majority of our fees are paid from the Government's funding. We have continued to have parenls paying top up fees for extra sessions or for Ihose who do not qualify for the 30 free hours however this is a lower level Ihan previous ears.
This year we were impacted Ihe significant inciease in the staff wages due to the rise in minimum wage and living wage. We have also had to regularly review our fees and increase accordingly. We continue to noticed the impact on the National Cost of Living crisis on all of our expenditure and have been reviewin our expenses. The pre-school seeks to maintain reserves, adequate to cover an appropriate contingency plan as set out below. A reserve for capital projects was largely exhausted through development of the site in the 2016-2017 year but is continuing to be rebuilt to allow future ca ital investment. Staff redundancy and 1 months wages - £30,000 Working capital reserves.. £30,000 Capital reseNes - £20,000 Statement explaining the policy for holding reserves stating why they are held Para 122 Amount of reseNes held Pa 1.22 The financial aims of the pre-school are to remain above the working capital and staff redundancy reserve (required in the event of closure) of £60,000, except in exptiOnal times (such as during specific short-term investment). The pre-school accepts no financial risk and performs no investment activity. All reseNes are held in low risk, fixed return, cash accounts. 'CounGil funding is predominantly received at three specific poinls of the year but expenses are incurred throughout. At year end, cash balanS can be up to £30.000 higher than at their lowest point in the eriod. Reasons for holding zero reserves Details of fund materially in deficit Explanalion of any uncertainties about the charity continuing as a going concern Para 1.22 P4 1.24 NIA Para 1.23 As a committee we have been monitoring and observing the national increased cost of living. As a result of moniloring the impact of the increased costs we made the decision to change our bookkeeper. This was so we can keep more details on outgoings to closely monitor the budget. We are also continuing to plan to increase our fundraising opportunities over the next year. 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 Ihese increases.
We continue to have high waiting lists and the support of the local authorities and Foxhill's schools who share Ihe campus. Operation of the pre-school is subjeGt 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. Additional Information (optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 I nvestment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other
structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Constitution How is the charity constituled? Para 1.25 Twst Trustee selection methods including details of any Constitutional provisions e.g. election lo post or name of any person or body entitled to appoint one or More trustees Para 1.25 Appointed at AGM Addltional information (optional) You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.s1 The charily's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 other Reference and Administrative details Charit name other name the charil uses istered charit number Charity's principal address Ashuisl Pre-school 1023063 Ashurst Pre-school Foxhills Ashurst Southampton S040 7ED
Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office (if any) Name of person (or body) entitled toa olnt trustee ifan Leah Arscott Kevin Leggeti Hugh Greenwood ChaiTperson Treasurer Resigned October 2023 Became treasurer in October 2023 Treasurer Katie Morris Katie Swift Secretary Resigned October 2023 Nicci Newrnan Katie Barreti Katie Morris Kathryn Chapman Sophie Spencer 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dlrector namè ortwasa roved Name of trustees holding title lo property belonging to the charity Trustee name Dates acted if not for whole
Funds held as custodian trustees on behalf of others Description of Ihe assets held in Ihis capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltlonal informatlon (optional) Names and addresses of advisers (Optlonal Information Type of Name Address adviser Name of chief executlve or names of senlor staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details other o tional information
Declarations The trustees declare that they have approved the trustees, port above. Signed on behalf of the charity's trustees s <tL Leah Arscott Slgnature(s) Full name{s) Position (eg Secretary, Chaii. etc) TIL bKJAorJ Chair person Trustee Date
1023063 CHARITY COMMIS5EON PCJR r..NOLAND 14tQD WALES nn coun 0110412023 Period start date To date 3110312024 Recommended categories by Unrestrictéd Restricted Endowment Total funds F03 F04 Prior year Incoming resources (Note 3) Income and éndowmonts Irom: DDnations 8nd1o98cles Ch8ri18ble &ctiv"rtie5'. - Local aulhor¢ty incDme Top-up lees Olher trading ttttivilios eank account iTrteresl Separate matèrial ilfym of income other Total Resources expended {Note 6) Expenditure on: R81sing lunds Charitable acti1fto$ - staff ¢osts - Rent Premise5 F01 F02 F05 S01 S02 247,690 93,613 4,892 237,304 137,590 237,304 137,590 17,414 S03 S04 S05 S06 S07 17,414 SO8 S09 296,474 13,725 4,190 5,632 25,776 2,134 11,81 8,284 298,897 13,130 18.425 4,486 25,917 296,474 13,725 14,190 5,632 18,179 2.134 11.815 Equipment - Insuran¢0 - other - Oir*ner5 expense other Total 7,597 12 07 Slo 8,284 S11 S12 et Incomel(expenditure) before investment galnsl(losse8) 813 12.744 12,744 28,747 Net gainslllossesl or¢ investments S14 S15 S16 817 47 Net incomel(expendlture) Extraordinary Items Transfers between funds other reeognlsed gainsl(losses): 12,744 12,744 28, Gakns end losses on revalua0 offwed assets forthe charivs ov•n use Other gainsll105S8sI Net movement in funds S18 S19 Reconciliatlon of funds." Total funds broughtlorward Total funds carried forward S21 S22 111 149 139 896 BC
e.ction ance s ee Restricted income funds Unrestricted funds Endownw Total fhis nl funds year Tolal last year pixea asseis Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14} (Note 16> (Note 17) Total fixecl assets B02 B03 18.309 18,309 5.885 804 B05 L"urreni asseis Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total Current assets 3.010 3,010 B09 106, 22 06. Blo Creditors: amounts falling due within one year (Note 20) 811 4.248 4.248 500 Net current assets/(liabilitles) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) Provisions for Ilabilities B14 B15 Total net assets or liabilities unas OT Ine bnarity Endowment funds (Note 27) Restricted Income funds (Note 27) Unrestricted funds Revaluation reserve B16 123,893 123,893 111 148 B17 B18 819 123.893 123,893 111,148 Total funds B21 Signed by one or iwo trustees on behalf of all nature Print Name LEb114 (4kSiOTT gATIÉ Date of 23: 1.XS- 24,1.2g
tes to 2ccoun Note 1 Basls of DreDaratlon Thls section should be completed bv all charities. 1.1 Basis of accounting These accounts have been prepared under the historical cost convention wlh items recognised at cost or transaclion value unless otheiSe staled the relevant note(s) to these accounts. The accounts ha epared in accord8nce wilh: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102} issued on 16 July 2014 and with. and with. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Gharities Act 2011. Th@ charity constitutes a public benefit entity as defined by FRS 102." -Tick as appropriate 1.2 Going concern If there are material uncertainties related to events or conditions that cast significant doubt on the charity s ability to continue as a going concern, please provide the following details or state "Not applicable" if appropriate." An explanation as to those factors that support the conclusion that the charity is a going conc81n', Not applicable Disclosure of any uncertainties that make the going concern assumption doubtful", Where accounts are not prepared on a going concem basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concem. Not applicable Not applicable 1.3 Change of accounting pollcy The accounls present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes. -Tick as appropriate Please dis¢lose.'
Note that following a change in accounting software, certain ilems are disclosed differently by comparison to the prior year. including a more granular splil of other Iiading activities (now grossing out receipts for items such as dinner money, uniform payments. previously shown as a nel expenditure), local aulhorily income (now including all amounts paid by local aulhorilies rather than only th8 base granls), and wages and salaries (now showing employer NICS as an expense rather than all amounts remilted to HMRC as a social securily cost, with wages and salaries shown net). This is not considered a change In accounting policy and is a dis¢losur6 amendment only. Given this. furlher disclosure of the rationale and impact in (li) and (iii) is nol considered material or necessary. (i) tlie nature of the change in accounting policy," (li) the reasons why applying the new accounting policy pmvides more reliable and inore relevant informalion," and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS q02 SORP. 1.4 Changes to accounting estimates No changes to accounting estimates have Occurred in Ihe reporting period (3.46 FRS 102 SORP). Yes. No. -Tick as appropriate Please disclose.. (i) the nature of any changes," (li) the effect of the change on income and expense or assets and liabllltles for the current period," and (iii) where practlcable, the effect of the change In one or more future periods. 1.5 Material prlor year errors No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes. -Tick as appropriate Please disclose..
(i) the nature of the prior period error,- li) for each prior perlod presented in the accounts, the amount of Ihe correction for each account line item affected,. and (Ill) the amount of the correction at the begiiining of the earliest prior period presented In the accounts.
otes e acco ts Note 2 2.2 INC Accounting policies This standard list of acGounting policies has been applied by the charity except for those ficked "No" or "N/a" Whpre a different or additional policy has been adopted then this is detailed in the box below. Recoonltlon of income These are included in the Statement of Financial Activities {SoFA) the charity beC0ES entitled to the resources,. it is more likely than not that the trustees will receive the the monelary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilili@s, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SOFA when the general income recognition criteria are mel (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has piovided the specified goods or services as entitlement ID th& grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when reIpt is probable, that is. wtr there has been grant of probate, the executors have established that there are sufficient assets in the estate arid any conditions attached to the legacy are either within the control of the charity or have been met. The charity has received government grants in the reporting period la¢Jded: this is income from the local authority for the provision of childcare) Gift Aid receivable is included in income when there is a valid declaration frotn the donor. Any Gifl Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the app8al have specified olherwise. Contractual income and This is only included Tn the SOFA once the charity has performance related provided the relaled goods or services or met the grants performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cosl of any stock of goods donated for dislribution to beneficiafies is deemed to be the fair value of those gifls at the time of their reG8ipI and they are recognised on r@ceipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Yes No Nla Yes Nla Offsetting Yes Nla Grants and donations Yes No Nla Legacles Yes No Nla Yes No Nla Government grants Yes Nla Tax reclaims on donations and gifts Yes No Nla Yes No Nl8 Donated goods Yes Nla Donated goods for resale are measured at fair value on initial recognition, which is the expected prOedS from Yes No Nla
sal8 less the expecled costs of sale. and recognised in 'Income from other trading activities, with the Cofresponding stock recognised in the balance sheel. On its sale the value of slock is charged against 'lncome from other trading activities, and the prOedS from sale are also recognised as 'lncome from other Irading activities,. Goods donal@d for on-going use by the charity are recognised as tangible fixed assets and included in th8 SOFA as incoming resources when receivable. Yes No Nla Yes No Nla Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. Donated services and facilities are included the SOFA when rec8iv8d at the value of the gift to the charity provided the value of the gift can be measured reliably. Yes No Nla Donated services and facilities Yes Nla Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under Ihe appropriate heading in the SOFA. Yes Nla Support costs The charity has incurred expenditure on support costs. Yes Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. No Nla es No Nla Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Yes Nla Income from membership Membership subscriptions reiVed in the nalure of a grft subscriptions are recognised in Donations and Legacies. es Nla Memb8rship subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Insurance claims are cfftly included in the SoFAwhen the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOF Yes Nla Settlement of insurance claims Yes Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at Ihe end of the year. No Nla 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabililies are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of th8 obligalion can be measured with reasonable certainty. Yes No Nla
Yes No Nla Support costs have been allocated between governance Governance and support costs and other support. Governance costs comprise all costs cosls involving public accountability of the charity and its ompliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost 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. Where the charity gives a grant with conditions for its paymenl being a specific level of Servi or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables Ihe donor charity to realistically avoid the commilmenl, a liabilily for the full funding obligation must be recognised. Yes Nla es Nla Grants with performance conditions Yes No Nla Grants payable without performance condltions Yes Redundancy cost The charity made no redundancy payments during the reporting period. No Nla Yes Deferred income No material item of deferred income has been included in the accounts. No Nla Yes No Nla Credltors The charity has creditors which are measured at settlement amounls less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation al the reporting dale The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes No Nla Provisions for liabilities Yes No Nla Basic financial Instrument5 2.4 ASSETS Tangible fixed assets for These are capitalised if they can be used for more than use by charity 1,000 Yes Nla They are valued at cost. The depreciation rates and methods used are disclosed in The charity has intangible fixed assets, that is, non- monetary assets Ihat do not have physical substance but are idenlifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 Intangible fixed assets Yes No Nla es Nla They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary Yes No Nla
¢abb¥l?i Wlll I 11lblUI Its, ¢al IlbllL. Illllb, 11 IU1Vylbi1, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledga and culture. The depreciation rates and melhods used as disclosed in note 9.6.1.4. Yes Nla 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 measured reliably in which case il is measured at cost less impairment. Yes No Nla Yes Nla Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Yes No Nla Stocks and work in progress Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No Nla Yes N18 Debtors (including trade debtors and loans re1Vable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, th&y are measured at the cash or other consideration expected to be received. Yes Nla Debtors The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These inc5ude cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commilments as they fall du8. Yes No Nla Current asset investments Yes No Nla They are valued at fair value except where they qualify as basic financial instruments. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE To provide further detail of our accounting policies.. Modular buildings shall be depreciated over 10 years. Other tangible assets considered lo have a benefit for > 1 year and in excess of £1,000 cost shall be depreciated over 3 years. Income is recognised over the peri(Kl 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 posl the balance sheet date but related to the period is made based on the following month's staff costs.
ction C Notes t e acco ts Note 10 Details of certain items of exDenditure 10.1 Fees for examlnatlon of the accounts Please provide details of the amount paid for any statutory extemal scrutiny of accounts and otherservices provided byyour independent examiner. If nothing was paid please enter 'O' In the appropriate box(es)- This year Last year Independent examlner's fees Nll Assurance services other than audit or independent examlnatlon Tax advisory fees Nil Nil other fees (for example: flnancial advlce, consultancy¥ accountancy servlces> paid to the Independent examiner Nil Nil
Section C Notes to the accounts Icontl Note 11 Paid emDlovees Please complete this note if the charity has any employees. 11.1 Staff Costs This year Last year Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits 280,161.32 12,160.00 4,152.72 250,480 39,677 8,739 Total staff costs CheGk 296 89 Please provlde details of expenditure on staff working for the charity whose contracts are with and are pald by a related party Please glve details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter Yrue, in the box provided. No employees received employe8 benefits (excluding employer pension costs) for the reportlng period of more than £60.000 TRUE Band £60,000 to £69 999 £70,000 to £79 999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Number of em ees Please provide the total amount paid to key management personnel (includes trustees and senior management) for thelr servlces to the charity £32,872.00
to the Note 14 Tanaible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildings Other land & buildings Plant. machinery and motor vehicles Fixtures, fittings and equipment Total At the beoinnina of Addilions 105 171 Revaluations Disposals Transfers ' At end of the year 75,760 29,411 105,171 14.2 Depreciation and impairments ** Basis SLorRB SL SL SLorRB SLorRB Straight Line ("SL")or Reducing Balance ("RB"} Rate 10 ea ea At beoinnina of the Disposals 875 Depreciation 7,576 7.576 Impairment Transfers" At end of the year 57,451 29,411 86,862 14.3 Net book value Net book value al the beginning of the year Net book value at the end of the year 25,885 25,885 18,309 18,309 Checks
otes the ccount Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. Thls year Last year 19.1 Analysis of debtors Trad8 debtors Prepayments and accrued Income Other debtors 2,852.4 158 3,010 Total Please complete 19.2 where a material debtor is recoverable nre than a year after the reporting date. 19.2 Analysis of debtors recoverable in more fihan 1 year (included in debtors above) This vear Last vear Trade debtors Prepayments and accrued Income Other debtors Total
'Section C Notes to the accounts Icont) Note 20 Creditors and accruals Please complete this note if the charify has any creditors or accruals. 20.1 Analysls of creditors Amounts falling due within one year Thls vear Last vear Amounts falling due after more than one year This vear Last Voar Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred Income 500 Taxation and social security Other creditors 4,248 Total 4.248 500 Check 20.2 DeferrÉd income Please complete this note if the charlty has deferred income. Please ex lain the reasons w li Childcare fees are payable in advance and income is held and matched to the period in which services are provided. This is only relevanl if the school term crosses the year end. Movement in deferred income account This year Last vear Balance at the start of the reportlng period Amounts added in current period Amounts released to income from previous perSods Balance at the end of the reporting perlod 7,712 7,712
Nntp. 2d e*gsh At hAnk in hAnd Tht& vèar Last vear 529gCfrOp Bal8[e not Included IB 2023 Shoyt term G&511 investments Vess Ihan 3 moEhth6 matiwity datel Shovt term d2poslt$ Cash at bank and on liand other Total I[.698 84 732
o the accounts . Note 25 Fair value of assets and liabilities 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) . Ilquidlty risk {the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reportlng period and explain how the charity manages Ihose risks. The charity is 8xposed lo top-up fees not being paid by parents. This is managed on a case-by-case basis with payment plans. The charity is not considered to be exposed to liquidity or market risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SOFA that is attributable to changes In credit risk. The charity has no financial instrumenls, investments or major creditors. A small amount of bank interest is received but is ancillary and generated in cash deposits only.
Section C N(Itp.s to the accounts Iconti Note 28 Transactions with trustees and related Darties If the charity has any transactions with related parties (other than the trustee expenses expl8lned in guld8nce notes) detalls of such transactions should bo provided In this note. Ifthere are no transactlons to report, please enter"True" In the box or "Falso" if there are transactlons to report. 28.1 Trustee remuneratlon and benefits None of the trustees have been paid any remuneration or received any other beneflts from an employment wlth their charity or a related entity (True or False) TRUE 28.2 Trustees. expenses If the charlty has pald trustees expenses for fulfllllng thelr dutles, detalls of such transactlons should be pmvlded In thls note. If there are no transactlons to report, please enter "True" in the box below. If there are transactions to report, please enter"False" No trustee expenses have been Incurred {True or False) TRUE 28.3 Transaction(s) with related parties Please give details of any transaction undertaken by (or on behalf ofj the charily in which a related party has a material interest, including where funds h8ve been held as agent for relatedparties. If there are no such transactlons, please enter Yruo. in the box provided. There have been no related party transactions in Ihe reporting period (True or False) TRUE
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report lo thè tru8teesl membern of Ashurst Preschool On accouthts for the year ended 31 March 2024 Charity no (If any> 1023063 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110312024. Responsibilitles and basls of report As the charity's trustees, you are responsible for Ihe preparation of the accounts in accordance with the requiremenls of the Charitias Act 2011 (Ihe Acr). I report in respect of my examinatlon of the Trust's accounts carried out under section 145 of Ihe 2011 Act and in carrying out my examinalion, I have followed all the applicable Directions given by the Charity Commission under seclion 145(5)(b) of the Act. Independent The charity's gross income exceeded £250,000 and l am qualffied to examlnerfs statement undertake the examinatlon by being a quallfied member of the Instltute of Chartered Accountants in England and Wales ('ICAEW). I have completed my examination. I confinm thal no mat8rial matters have come to my attentlon in connection with the examlnalion which giv8s me cause to believe that in. any material respecl: the accountlng records were not kept in accordance with section 130 of the Charlties Act; or the accounts dld not accord with the accountlng records; or the accounts did not comply wllh the applicable requirements conceming the form and content of accounts set out In the Charilles (Accounts and Reports) Regulations 2008 other Ihan any requlrement that the accounts give a 'tiue and fair, view which is not a mattel considered as part of an independent examination. I have no concems and have come across no other matters In connectlon wllh the examination to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Slgned: Date: 1911125 Name: Adrian Wiley Relevant professlonal qualification(s) or body (if any): Fellow Chartered Accountant (ICAEW) Address: 10 Rockleigh Drive. Southampton