CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 114124 Period start date To 3113125 Period end date Charity name: Ashurst Pre-school Charity registration number: 1023063 Objectives and Activities SORP rfrleience Para 1.17 Summary of the purposes of the charity as set out in its overnin document Summary ofthe 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 primarily 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 PaTB f.18 Additlonal information (optional) You ma choose to include further statements where relevant about: SORP refarence Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Parn 1.3B Other Achievements and Performance SORP ieferenca The aims of the pre-school, which are to enhance the development and education of 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. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Ashurst Pre-school continues to 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. In September 2024 Ashurst opened a second site (Lyndhurst Teddies) which is located on the site of Lyndhurst Infant School. The aims are the same as Ashurst site. Opening a new site was carried out with conversations with the local authority and to support the local community. Additional infomiation (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.47 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 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 year we continued to see eligible parents taking up the 30 funded childcare hours. 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 30 free hours however this is a lower level than previous years. This year we were impacted the significant increase 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 notice the impact on the National Cost of Living crisis on all of our expenditure and have been reviewing our expenses. This financial year we opened a second smaller site in Lyndhurst. The accounts are not a full year so we have been monitoring to ensure that Lyndhurst remains financially viable. 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 reserves - £20,000 Statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves held Para 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 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 of the year but expenses are incurred throughout. At year end, cash balances can be Ljp to £30,000 higher than at their lowest point in the eriod. Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 NIA Para 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 monitoring 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 Aprll and will be reviewing wages and fees in accordance with these increases. We continue to have high waiting lists and the support of the local authorities and Foxhills schools who share the campus. This financial period covers the first few months of opening Lyndhurst in September 2024 so our next full accounts will allow us to review if it is financially viable. Operation of the pre-school is subject to a strong regulatory environment in which it has performed well (being rated 'good' by OFSTED). The pre-school is located on land owned by the local authorities, The risk that the pre-school may not be a going concern is therefore considered very low and the Trustees are satisfied that the pre- school remains a oin concern. Additional information (optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) PaTr 1.47 Investment policy and objeclives including any social investment policy adopted Para 1.48 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 constituted? Para 1.25 Trust Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees PaR 1.25 Appointed at AGM Additional informatlon (optional) You ma choose to include further statements where relevant about.. Policies and prO￿dureS adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Paia 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered charit number Charity's principal address Ashurst Pre-school 1023063 Ashurst Pre-school Foxhills Ashurst Southampton S040 7ED Names of the charity trustees who manage the charity Office (If any) Dates acted if not forwhole ear Trustee name Name of person lor body) entitled toa olnt tiustee Ifan Leah Arscott Hugh Greenwood Katie Morris Nicci Newman Katie Barrett Kathryn Chapman Charlotte Steart Rosalind Heys- Limmond Chairperson Treasurer Secretary Resigned (Oct 2024) Resigned (Oct 2024) Joined November 2024 Joined November 2024 Elizabeth Drury Charlotte Dyke Joined November 2024 Joined November 2024 10 12 13 14 15 16 17 18 19 20 Cor orate trustees- names of the directors at the date the re DSroctor name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held in this 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 Additional Information (optional) Names and addresses of advisers (Optlonal information) Type of Name Address adviser Name of chief executive or names of senior 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, report above. Signed on behalf of the charity's trustees Signature{s) Full name{s) Position (eg Secretary, Chalr, etc) Leah Arscott L"CihL2 Lthuj Chair person Trustee Date CHARITY COMMISSION FOR ENGLAND AND WALES Charil Name 1023063 Period Start date 0110412024 Period end date 3110312025 Recommended categorie5 by Unrestricted Restri¢ted Endowment Total funds Prior year Incomlng resources (Note 3) Income and endowments from: Donations and lega¢i8S Charitable activbtie5'. Loc81 authority income Top-up fe8S other trading 8c*'viUeg Bank 8c¢ount interest Separato rnelerial Item of income Other F01 F02 F03 F04 F05 S01 S02 393,459 393,459 237,303 137 590 17,414 S03 S04 SOS S06 S07 0,118 Total Resources expended (Note 6) Expenditure on: Raising funds Ch8ritsble activth98 - Staff c08ts Rent Premlses utilthes Equiprnenl Insurance other - Dinners expense Other S06 S09 3,063 33 393,889 19,371 11,108 4,172 25,820 3,010 18,289 393,889 1g,371 11,108 4,172 28,002 296,474 13,725 14,190 5,632 ,182 2,134 11,815 8,284 18,289 14,873 S10 S11 S12 Total Net incomel(expendlture) before Investment galnsl(losses) S13 S14 S15 S16 S17 N8t gainslllos5esl on investments 9,648 12,744 Net Incomel{expendlture) Extraordlnary Items Transfers between funds other recognlsed gainsl{losses)'. 648 9,648 12,744 Galns and lossès on revaluation of fixed assets forthe chariws own use other aainsll105sesl Net movement in funds 818 S19 S20 Reconcillation of funds.. Total funds brought forward S21 123 893 Total funds carried fonvard 123 893 111 149 S22 ec Restrlcted Unre8trlcted Income funds funds Endowmen Total th18 t funds year Total last yaar ixea assets Intanglble assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14) (Note 16) (Note 17) Total fixed assets 801 B02 B03 8.309 B04 B05 urreni assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets 806 B07 B08 3,146 3,146 3,010 B09 B10 Creditors: amounts falling due within one year (Note 20) B11 1.620 1,620 4.248 Net current assets/(liabilitles) B12 Total assets less current liabilities B13 Credltors: amounts falllng due after one year (Note 20) Provisions for liabilities B14 B15 Total net assets or liabilities unas OT Ine Lnariiy Endowment funds (Note 27) Restricted Income funds {Note 27) Unrestrlcted funds Revaluation reserve B16 133,541 133.541 123,893 817 B18 919 133,541 133.541 123,893 B20 B21 Total funds Signed by one or trustees on behalf of all nature Print Name LEAH ARscort rVI?' bQrt£D Date of CC17a (Excel) 2210112026 ec Note tothea counts Note 1 Basls of DreDaratlon Thls sectlon should be comDleted bv all charities. 1.1 Basis of accountlng These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othe￿iSe stated in the relevant note(s) to these accounts. The accounts ha epared In accordance with.. the Slalement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard 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 wilh the Charities Acl 2011. The charity constitutes a public benefit entity as defined by FRS 102.. -Tick as appropriate 1.2 Golng concern If there are material uncertalnties related to events or conditions that cast slgnificant doubt on the charity s abllity to continue as a going concern, please provldo the following details or state "Not applicable" if appropriate.. An explanation as to those factors thal support the conclusion Ihat the charity Is a going concern. Not applicable Disclosure of any uncertainties that make the going concern assumption doubtful., Not appllcable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and Ihe reason why the Charity is not regarded as a going concern. Not appllcable 1.3 Change of accounting pollcy The accounts present a true and fair view and the accounting policies adopted are those outlined in nole { }. Yes. No" -Tick as appropriate Please disclose.. (i) the nature of the change in accounting policyg CC17a (Excel) 2210112026 (li) the reasons why applying the new accounting policy provides more reliable and more relevant inft)rmation,' and (iii) the amount of the adjustment for each Ilne 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 102 SORP. 1.4 Changes to accountlng estlmates No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes" No. -Tick as appropriate Please dlsclose.. (i) the nature of any changes,. (li) the effect of the change on Income and expense or assets and liabilities for the current period," and (iii) where practicable, 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 appropriaté Pleaso disclose." (i) the nature of the priorperiod ermr,. (il) for each priorperiod presented in the accounts, the amount of the correction for each account Ilne item affected,. and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts. CC17a (Excel) 2210112026 tot ou Note 2 2.2 INCOME Accounting policies This standard list of accounting policies has been applied by the Charity except for those ticked "No" or "N/a': Where a different or additional policy has been adopted then this is detailed in the box below. Recognition of income These are included in the Statement of Financial Activities Ihe charity becomes entitled to the resources- it is more likely than not that the Irustees will re￿1ve the Ihe monetary value can be measured wilh sufficient There has been no offsetting of assets and liabililies, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Granls and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) Yes No Nla Yes No Nla Offsetting Yes No Nla Grants and donatlons In the case of performance related grants, income must only be recognised lo the extent that the charily has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are mel (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficienl assets in the estate and any conditions attached lo Ihe legacy are either within the control of the charity or have been met. The charity has received government grants in the reporting period {added: thls Is income from the local authorlty for the provlslon of chlldcare) Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated 8s an addilion to Ihe same fund as the initial donalion unless the donor or the terms of the appeal have specified olherwise. Contractual Income and This is only included in the SOFA once the charity has performance related provided the related goods or services or met the granls performance related conditions. Yes No Nla Legacles Yes No Nla Yes Government grants No Nla Yes No Nla Tax reclaims on donatlons and gifts Yes No Nla Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Yes No Nla Donated goods The cost of any slock of goods donated for distribution lo beneficiaries is deemed to be the fair value of those gifts al the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks al distribution. Yes Nla Donated goods for resale are measured al fair value on initial recognition, which is Ihe expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other Irading activities, with the corresponding stock recognised in the balance sheet. On ils sale the value of stock is charged against 'Income from other Irading activities, and the proceeds from sale are also recognised as 'lncome from other trading activities,. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SOFA as incoming resources when receivable. Yes No Nla Yes No Nla Yes Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. Nla Donated services and facilities are included in Ihe SOFA when received at the value of the gifl to the charity provided the value of the gift can be measured reliably. Donated servlces 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 the appropriate heading in the SOFA. Yes No Nla Yes No Nla Support costs The charity has incurred expendilure on support costs. Volunteer help The value of any voluntary help received is nol included in the accounts but is described in the trustees, annual report. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership Membership subscriptions received in the nature of a subscriptions gift are recognised in Donations and Legacies. Yes No Nla Income from Interest, royalties and divldends es Nla Yes No Nla Membership 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. es Nla Insurance claims are only included in the SOFA when the general income recognition criteria are mel (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOFA. Yes Nla Settlement of insurance claims Yes Nla Investment gains and losses This include5 any realised or unrealised gains or losses on the sale of inveslments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where il is more likely than Yes No Nla not that there is a legal or constructive obligation committing the charity to pay out reSoUr￿S and the amount of the obligation can be measured with reasonable certainly. Support costs have been allocated between governance costs and other support. Governance cosls comprise all costs involving public accountability of the charity and its compliance with regulalion and good practice. es Governance and support costs Support costs include cenlral 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, slaff cosls by the time spent and other costs by their usage. Where Ihe charity gives a grant with conditions for its Grants with performance payment being a specific level of service or output lo be conditions 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 the donor charity to r8alistically avoid Ihe commitment, a liability for the full funding obligation must be recognised. Yes No Nla es No Nla Yes Nla Grants payable without performance condltlons Redundancy cost The charity made no redundancy payments during the reporting period. Yes No Nla Deferred income No material item of deferred income has been included in tha accounts. Yes Nl8 The charity has creditors which are measured at settlement amounts less any trade discounts Yes No Nla Creditors A liability is measured on recognition at its historical cost and then subsequently measured at the best eslimale of the amount required to settle the obligation at the reporting date Yes No Nla Provisions for liabilities The charity accounts for basic financial instruments on inilial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes No Nla Basic financlal instruments 2.4 ASSETS Tanglble fixed assets for These are capilalised if they can be used for more than use by charity one year, and cost al least 1,000 They are valued at cost. Yes No Nla The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets The charity has intangible fixed assels, that is, non- Yes Nla monetary assets that do not have physical substance but are identifiable and are controlled by Ihe charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. es No Nla Heritage assets The charity has heritage assets, that is, non-monelary assets wilh historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Yes No Nla Yes No Nla They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar invèstments 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 it is measured at cost less impairment. Yes No Nla Investments held for resale or pending Iheir sale and cash and cash equivalents with a malurily date of less than 1 year are treated as current asset investments Yes No Nla Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Yes No Nla 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. Debtors (including trade debtors and loans receivable) are measured on initial recognition al settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has has investments which it holds for resale or pending Iheir sale and cash and cash equivalents with a maturity date less than one year. These include 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 commitments as they fall due. Yes No Nla Yes No Nla Yes No Nla Debtors Yes 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 assels 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 Ihe period in which Ihe related childcare is provided, calculated by term and pro rated across a term straddling the year end based on a daily calculation. An accrual for staff costs post the balance sheet dale but related to the period is made based on the following month's staff costs. Secti otes to unts Note 10 Detalls of certain items of exDenditure 10.1 Fees for examlnatlon of the accounts Please provide detslls of the amount paid for any statutory extemal scrutiny of accounts and other sewices provided by your independent examiner. If nothing was paid please enter 'O' in the appmpriate box{es). Thls year Last year Independent examinefs fees Assurance services other than audit or Independent examlnatlon Nfl Tax advlsory fees Nll Other fees (for example: flnanclal advlce, consultancy, accountancy services) pald to the Independent examlner C17a {Excel) 20 2210112026 Section C Note.$ to the accounts Note 11 Paid emDlovees Please complete this note if the charity has any employees. 11.1 Staff Costs (conti This year Last year Salaries and wages Social security costs Pension costs (defined contributlon scheme) Other employee benefits 371,120.72 17,614.90 5,154.32 280,161 17,161 4,153 32.50 2.60/0 24.1% Total staff costs Check Please provlde details of expenditure on staff worklng for the charity whose contracts are with and are paid by 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 fmm £60,000 upwards. If there are no such transactions, please enter true. in the box pmvided. No employees received employee benefits (excluding employer pension costs) for the reporting 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 lo ees Please provide the total amount pald to key managefflent personnel (Includes trustees and senior management) for their services to the charlty £32,872.00 11.2 Average head count in the year The parts of the charity in which the employees work This year Number Last year Number Total CC17a {Ex¢el) 2210112028 Soctio oth acc Note 14 Tanaible fixed assets Please complete thls note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildlngs Other land & buildings Plant, machlnery and motor vehlcles Fixtures, fittings and equlpment Totsl At the beoinnino of Additions 41 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 ears ea At beoinnina of the Disposals 29 862 Depreciation 7,576 7,576 Impairment Transfers. At end of the year 65,027 29,411 94,438 14.3 Net book value Net book value at the beginning of the year Net book value at the end of the year 18,309 18,309 10,733 10,733 Checks CC17a (Excel) 25 2210112026 ctio esto eacc co Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. 19.1 Analysls of debtors This year Last yèar Trade debtors Prepayments and accrued income Other debtors 3,145.8 2,852.0 158.0 Total Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above) This vear Last vear Trade debtors Prepayments and accrued income Other debtors Total CC17a (Excell 26 2210112026 Section C Notes to tho accounts (conti Note 20 Creditors and accruals Please complete this note if the charity 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 vear Accruals for grants payable Bank loans and overdrafts Trade credltors Payments receSved on account for contracts or performance-related grants Accruals and deferred income Taxation and social securlty Other creditors 1,620 Total Check 4,248 20.2 Deferred income Please complete this note if the charlty has deferred income. co li Childcare fees are payable in advance and income is held and matched to the period in which services are provided. This is only relevant if the school term crosses the y@ar end. Movement in deferred income account This vear Last vear Balance at the start of the reportlng perlod Amounts added In current perlod Amounts released to income from prevlous periods Balance at the end of the reporting period 7,712 CC17a (Excel) 27 2210112026 ectio to ts Notè 24 Cash at bank and In hand Thls vear Last vear Short term cash Investments (less than 3 months maturlty date) Short term deposits Cash at bank and on hand Other Total 120, 106,6 376 24 466 CC17a (Excel) 28 2210112026 co ts (co t) Note 25 Fair value of assets and liabilities 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurrlng a loss due to a debtor not paying what Is owed) , liquidity risk Ithe risk of not being able to meet short term financial demands) and market rlsk (the risk that the value of an investment WFII fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charlty manages those risks. The charily is exposed to 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 glve details of the amount of change in the fair value of basic financial instruments {debtors, credltors, 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 instruments, inveslments or major creditors. A small amount of bank interest is received but is ancillary and generaled in cash deposits only. CC17a {Excel) 29 2210112026 .Section C Nntps tn tIIp. AC.r.oiJnts 1r.onti Note 28 Transactions with trustees and related Dartles If the charlty has any transactions wlth related parties (other than the trustee expenses explalned In guldance notes) detalls of such transactions should be provlded in thls note. If there are no transactlons to reporti please enter "True" in the box or "False" If there are transactlons to report. 28.1 Trustee remuneration and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charlty or a related entity {TNe or False) TRUE 28.2 Trustees. expenses If the charlty has paid trustees expenses for fulfilllng their dutles, detalls of such transactlons should be provlded In thls note. If there are no transactions to report, please enter "True" In the box below. If there are transactlons to report, please enter "False" No trustee expenses have been incurred (True or False) TRUE 28.3 Transaction(s) with related parties Please glve details of any transactlon undertaken by (or on behalf OQ the charlty In whlch a relatedparty has a materlal Interest, Including where funds have been held as agent for releted parties. If there aro no such transactlons, please enter Yrue, In the box provlded. There have been no related party transactions in the reporting perlod {True or False) TRUE CC17a {Excell 30 2210112026 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustoul Ashurst Prns(* On accounts for the y•ar ended 31 March 2025 Charlty no (rf any) 1023063 Set out on pages fr•vn¥mlw In lh* nUm￿rn ot add￿Onal sheets) I report to the trustees on my examination of the accounts of the above charity fthe Trusn for the year ended 3110312024. As trie charitys trustees, you are responsible for the preparkn'on of the accounts in a¢￿dance with the requirements of the Charities Act 2011 (Ihe Acr). Responsibllities and basls of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act arKI in carying out my examination, I have followed all the applicable Directions gNen by the Charity Commisslon under section 145(5)(b) of the Ac£ Independent The charity's gross income exceeded £250,0(xi and l am qualified to 6xaminerfs statement undertake the examination by being a qualffied member of the Institute of Chartered Accountants in EnglarKI and Wales ('ICAEW). I have completed my examination. I confinn that material matters have come to my attention in Connection with the examination which gNes me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting rncords: or the accounts did not comply with the aOicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: 2111r26 Name: Adrian Wdey Relevant professlonal qualfflcatlon{8) or body (If any): Fellow Chartered Accountsnt (ICAEW) Address: 10 Rockleigh Drive, Southampton IER