## **SANDCASTLES PRE-SCHOOL**
## **YEAR ENDED 31 AUGUST 2025**
|**Contents**|**Page**|
|---|---|
|Committee's report|1|
|Independent Examiner's report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes and accounting policies|5-6|
|Detailed income and expenditure account|7|
## **SANDCASTLES PRE-SCHOOL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2025**
## **Reference and administration details**
**Charity registration number** 1029267
**Principal address**
Sandcastles Pre School Barrington Street Tiverton Devon
## **Committee**
Lisa Slocombe Norma Webber Sharon Broadhead Linda Jenkins (Chair) Karen Embley
## **Custodian Trustees**
Melissa Lockyer Angie Fisher
## **Structure, governance and management**
The governing document of the charity is a constitution modelled on the pre-school constitution produced by the Pre School Learning Alliance.
The original constitution was adopted in March 1992 and was most recently updated in 2008.
The members of the Committee, who are trustees for the purposes of The Charities Acts, are elected every year at the Annual General Meeting.
The leasehold property of the charity is vested in Custodian Trustees who are appointed by the Committee.
## **Objectives and activities**
The aim of the Charity is to enhance the development and education of children primarily under school age by encouraging parents to understand and provide for the needs of their children through community groups. In planning its activities the charity has considered the Charity Commission's guidance on public benefit.
## **Financial review and reserves policy**
The surplus for the year to 31 August 2025 was £17,027 and this has increased the General Reserve to £122,664 at the balance sheet date.
The Charity expects to maintain a general reserve equivalent to at least two months running costs, together with sufficient funds to cover redundancy costs in the event of cessation.
The Restricted Fund, which includes lottery funding, is a fund set up to collect for expenditure on play equipment and other resources.
## **This report was approved on 19 June 2026**
Linda Jenkins (Chair)
1
## **SANDCASTLES PRE-SCHOOL YEAR ENDED 31[st] AUGUST 2025**
## **INDEPENDENT EXAMINER’S REPORT TO THE COMMITTEE**
This report on the accounts of Sandcastles Pre-School for the year ended 31[st] August 2025, which are set out on pages 3 to 6, is in respect of an examination carried out under section 145 of the Charities Act 2011.
## **Responsibilities and basis of the report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act)
I report in respect of my examination of the accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act
## **Independent Examiner’s Statement**
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect:
- The accounting records were not kept in accordance with section 130 of the Act; or
- The accounts did not accord with the accounting records; or
- The accounts did not comply with the applicable requirements concerning 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 ‘true and fair’ 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 be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**R Mugford Certified Accountant** 21 Angel Hill Tiverton Devon EX16 6PE **19 June 2026**
2
## **SANDCASTLES PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2025**
|**Notes**
**Incoming resources**
**Incoming resources from generated funds:**
Voluntary income: Fund raising activities
Investment income
**Incoming resources from charitable activities:**
Fees and vouchers
One to One funding
Other income
**Resources expended**
**Charitable activities**
Staff costs
2
Property costs
Office costs
Equipment costs
Other support costs
**Governance costs**
3
**Total resources expended**
**Net surplus for the year before**
**transfers**
**Transfers between funds**
**Net movement in funds**
**Fund balances brought forward**
**Fund balances carried forward**|**Total**
**2025**
£
£
£
94
454
548
1,488
1,488
502,077
502,077
3,413
3,413
0
0
507,072
454
507,526
422,260
422,260
21,506
21,506
6,123
6,123
1,729
1,729
35,807
1,903
37,710
487,425
1,903
489,328
2,620
2,620
490,045
1,903
491,948
17,027
-1,449
15,578
0
17,027
-1,449
15,578
105,637
2,127
107,764
122,664
678
123,342
**Unrestricted**
**General**
**fund**
**Restricted**
**fund**|**Total**
**2024**
£
1,436
1,064
453,685
8,288
0|
|---|---|---|
|||464,473|
|||372,295
20,265
7,106
1,095
29,439|
|||430,200|
|||2,040|
|||432,240|
|||32,233
0|
|||32,233
75,531|
|||107,764|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
3
## **SANDCASTLES PRE-SCHOOL BALANCE SHEET 31 AUGUST 2025**
|**Notes**
**Current assets**
Cash at bank and in hand
Wages paid in advance
**Creditors:**Amounts falling due
within one year
5
**Net current assets**
**Net assets**
**Funds**
Unrestricted income fund:
General fund
6
Restricted income fund:
Committee account|**£**
**£**
**£**
**£**
124,207
107,042
7,274
5,922
131,481
112,964
8,139
5,200
123,342
107,764
123,342
107,764
122,664
105,637
678
2,127
123,342
107,764
**2025**
**2024**|**£**
**£**
**£**
**£**
124,207
107,042
7,274
5,922
131,481
112,964
8,139
5,200
123,342
107,764
123,342
107,764
122,664
105,637
678
2,127
123,342
107,764
**2025**
**2024**|
|---|---|---|
||||
|||107,764|
|||107,764|
|||105,637
2,127|
|||107,764|
Approved on behalf of the Committee on 19 June 2026
Linda Jenkins
4
**SANDCASTLES PRE-SCHOOL YEAR ENDED 31 AUGUST 2025 NOTES TO THE ACCOUNTS**
## 1. **Accounting Policies**
## **Basis of Accounting**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Sandcastles Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated.
## **Income**
Income is included in the statement of financial activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income:
- Grants and donations are included when the conditions for receipt are met.
- Investment income is included when receivable.
## **Expenditure**
Expenditure is recognised on an accrual basis when a liability is incurred.
Governance costs include those costs associated with meeting the constitutional and statutory obligations of the charity.
## 2. **Staff costs and numbers**
|Gross salaries and wages
Employers' national insurance costs
Employers’ pension costs
Total|2025
£
390,561
24,544
7,152
422,260|2024
£
349,104
16,655
6,536|
|---|---|---|
|||372,295|
The average number of full time equivalent employees during the year was:
|Charitable activities|2025
23|2024
22|
|---|---|---|
5
**SANDCASTLES PRE-SCHOOL YEAR ENDED 31 AUGUST 2025 NOTES TO THE ACCOUNTS**
## 3. **Governance**
Governance costs of £2,620 (2024: £2,040) represent fees, including VAT, paid to the independent examiner for accountancy services and examination of the accounts.
## 4. **Trustee remuneration and expenses**
No trustee received any remuneration or reimbursement of expenses during the year.
## 5. **Creditors**
|**reditors**|||||
|---|---|---|---|---|
|Accruals||2025
£
8,139
8,139||2024
£
5,200|
|||||5,200|
## 6. **Movements in funds**
|Restricted funds
Unrestricted fund||At 01/09/2024
£
2,127
105,637|Incoming
resources
£
454
507,072|Outgoing
resources
£
1,903
490,045|At 31/08/2025
£
678
122,664|
|---|---|---|---|---|---|
|||107,764|507,526|491,948|123,342|
6
## **SANDCASTLES PRE-SCHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2025**
|**Receipts**
Fees:
Parents
Vouchers
One to One funding
Fund raising
Interest
**Payments**
Wages
Rent, water and waste collection
Heat and light
Property repairs and maintenance
Cleaning
Postage stationery and office expenses
Telephone
Equipment repairs and renewals
Children's resources
Food and refreshments
Insurance and Subscriptions
Other expenses
Accountancy
**Surplus/deficit for the year**
Transfers between funds
Funds brought forward
Funds carried forward||£
153,956
348,121
3,413
94
1,488
507,072
422,260
2,905
5,244
8,386
4,971
5,527
596
1,729
16,676
7,837
5,210
6,084
2,620
490,045
17,027
105,637
122,664
**General**
**Fund**|£
454
454
1,903
1,903
-1,449
2,127
678
**Restricted**
**Funds**||£
153,956
348,121
3,413
548
1,488
507,526
422,260
2,905
5,244
8,386
4,971
5,527
596
1,729
18,579
7,837
5,210
6,084
2,620
491,948
15,578
107,764
123,342
**2025**||£
172,789
280,896
8,288
1,436
1,064
**2024**|
|---|---|---|---|---|---|---|---|
|||||||||
||||||||464,473|
||||||||372,295
2,869
7,618
5,819
3,959
6,284
822
1,095
14,406
6,904
3,863
4,266
2,040|
||||||||432,240|
||||||||32,233
75,531|
||||||||107,764|
7