MAWNAN PRE-SCHOOL
MANAGERS REPORT for AGM, Tuesday 21[st] October 2025
Welcome everyone.
2024/25 has, as always been a busy one for Mawnan Pre-School with lots of fun and a huge variety of activities and experiences.
The year started way back in September 2024, when we welcomed lots of new families to the group. This term included lots of outdoor fun, nature walks and a fabulous Christmas Party with a visit from FC with presents for everyone.
The Spring term saw lots of fun learning about Space, bugs and Growing. We also watched as our tiny caterpillars turned into beautiful Butterflies.
The Summer term is always a favourite with lots of water and sand play and a trip to Maenporth Beach. We had many walks round the field collecting things and cooking over the fire-pit.
We held Sports Day in session time last year, which despite missing the adults, we enjoyed very much and the children tried really hard.
We sadly said goodbye to Mari from our staff but welcomed the fabulous Jackie, who has fitted in with outer crazy family seamlessly.
The end of the summer term is always very busy with school transitions and showing new families around. It is also quite emotional having to say goodbye to all our School Leavers but also very rewarding when you know the Big children are more than ready to move on to the next part of their learning journey.
Our indoor playhouse has been turned into a Shop, Hairdressers, Woodland Den, Drs and a Pirate Ship amongst others and we have enjoyed several themed parties, eg. Pyjama and Superhero.
The children have also been lucky enough to have had visits from Squashbox Puppet Theatre and Zoolab, with all her bugs and creatures, and our regular Sports for Tots sessions which are a huge hit and help to develop the children in all areas of learning.
The staff have attended many short training courses this year, such as Safeguarding and Paediatric First Aid.
The children (and staff) have enjoyed a huge variety of activities over the year, painting, constructing, imaginative and very messy and we have certainly had some great fun and lots of laughs.
On a personal note I would like to thank all my staff for all their hard work, dedication and support over the past year. Finally a huge thanks to the committee and parents for all your continued support and encouragement.
I hope you will continue to work with us to enable us to give your child the most positive and best experience at Pre-School.
Thank you, Liz Shaw (manager Mawnan Pre-School).
MAWNAN PRE-SCHOOL
A.G.M – Tues. 21[st] Oct. 2025 AGENDA
1, Welcome, introduction
2, Chairs Report
3, Managers Report
4, Treasurers Report
5, Job Roles
6, Election of Officers
7, Date of Next Meeting
Charity r•8istration number 10314 MAWNAN PRE-SCHOOL ANNUAL REPORT ANO UNAUIXTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MAWNAN PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trust••s E Shaw C Owen l Jones H Judd B Fer8ussotFCix)per P Luscombe C Moon A 6urley J Barattini Ifesi8ned 25110120251 C Wallace Ire5igned 25110120251 N Gar8e Iresigned 25110120251 C Pledger Ire5igned 25110120251 E Andrews Iresl8ned 25110120251 Ch•rlty numb•r 1031490 Independent examiner Mrs R Thomas TC GrJP Vlvlan House Newh•m Road Truro Cofnwall United Kin8dom TRI 2DP
MAWNAN PRE-SCHOOL CONTENTS Trustees, report Independent examiner'$ repc Statement of financial xtivities Balance sheet Notes to the financlal ststements 5-12
MAWNAN PRE-SCHOOL TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trustees present their veport with the financial statements of the charity fof the year ended 31 August 2025. The trustees have adopted the provisions of Accountin8 and RepDrtin8 by Charitiès: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the FinancBI Repothng Standard applicable in the UK and RepUC of Ireland IFRS 1021 leffective l January 20191. Struclurej ¥eman(* •nd monagement The charlty Is controlled by Its governln8 d(Kurnent, a deed of trust and ConstuteS an unlncorporated charity. The tnjstees who served durlng the year and up to the date of slgnature of the finantlal statements were.. Trust• E Shaw C Owen L Jones H ludd 8 Fergusson-cooper P Luscombe C Moon A 8urlev J Barathnl Iresl8ned 25110120251 C Wallace Iresl8ned 25110120251 N Garge Ireslgned 25110120251 C Pledger Ireslgned 25110120251 E Andrew5 Ire518ned 25110120251 The trustee5' rep1 was approved by the Board ofTru5tees. Trust•• Date=..
MAWNAN PRE-SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUStEES OF MAWNAN PRE-SCHOOL I report to the trustee5 on my examination of the financfjal ststements of Mawnan Prtrschool (the charftyl for the year ended 31 Au8USt 2025. R•spon$Sbllltl •nd b•sSs of r•port As the trustees of the charity you are responsible for the preparntion of the financial statements in accordance wlth the requSrements of the Charities Aci 2011 Ithe 2011 Atil. I report In respért af my txamSnation of th• tharity's finantlal statements tarried out under sedlon 145 of the 2011 Acl. In carrying out my examination I hove followed all the applicable Directions given by the Charitv Commlsslon under section 145ISllbl of the 2011 Art. Indeptndènt xamlntr's statment Your attention is drnwn to the fact that the charity has prepared financlal statements In aceordante wlth Accounttng and Reporting by Charities preparlng their accounts In accordance wlth the FlnancSal Reputing Standard appllcable In the UK and Republlc of Ireland (FPS 1021 in preference to the Accountin8 and Reporbn8 by Charities.. Statement of Recommended Practice issued on l April 21)J5 whbch is referred to in the eXtt regulations but has now been wlthdrawn. l understand that th15 ha5 been done In ¢yder for finarKb41 ststement5 to provlde a true and falr vlew In accordance wlth Genernlly Accepted AccounnI Prtthc¢ eflecdve for repordn8 perlods be8lnnln8 on or after I January 2015. I have completed my txamination. I conlirm that no matter5 hovt ¢¢me to my attention In ¢onnethw wlth the éxamlnation glving me cause to believe that in any materK41 respect.. accounting records were not kept in respert ol the charity as required by section 130 of the 2011 Art,. or the hnancial statement5 do not accord with th05e record5.' or the hnancial ststements do not comply with the applicable requirements concernlng the fom and content of accounts set out In the Charlties IAccounts and Reports) Re8ulatr'on$ 2(K18 other than any requlrementthat the accounts give a true and fair view which is not a matter cgnsidered as part of an independent examination. I have no toncerns and have come atffjss no other matters In connettlon wlth the examinatton to whth attentlon should be drawn In this reFOrt in order to enable a proper understanding of the finandal statements to be reached. Mrs R Thomas Vlvlan House Newham Road Truro Cornwall TRI 2DP United Kingdom Dated: .........................
MAWNAN PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE Accoumr FOR THE YEAR ENDED 31 AUGUST2025 Unrestrirted funds Unrestrirted tunds 2025 2024 N¢)ts Incom¢ from: Charitable activities 149.166 195 1.018 128.448 191 1.085 Other tradln8 activSties Investments Tot•1 in¢om• 150,379 129,724 ExpendItU on.. Charitable activities 142.423 123.677 Tot•1 •xp•ndltur• 142,423 123,677 N•t Incom• •nd mo¥•m•nt In funds 7,956 6,047 R•con¢ilition of funds: Fund balances at I September 2024 100.662 94.615 Fund b•lanc•s •t 31 Auiust 2025 108.618 100.662 The 5tstement of financlal activities Includes all 8ains and losses reco8nised in the year. All Iome and expendSture derlve from continulng aciivlties.
MAWNAN PRE-SCHOOL BALANCE SHE ASAT31 AU6UST2025 2025 2024 Notes Fixed assets Tangible assets li 4,270 Current •s$•ts Debtors Cash at bank and In hand 12 2,289 101.391 6,472 94.246 lo3.) I,?1# Cr•dltors'. •mounts hlllnl du• wlthln OM 13 13.9101 14,3261 N•t curmnt •$s•ts 99.770 96.392 Tot•1 •sMts l•ss ¢urr•nt li•bilili•s 108,618 ICQ,662 Net assets *XdUdl p$s0n Il•blllty 108,618 ICQ,662 Th• funds of th• ¢h•rity Unrestrlcted funds 108.618 ICQ.662 108,618 ICQ,662 The finantièl statements were approved by the trustees c..1&ba6......... .Liz.Shaw............. Trust••
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 AUGUST2025 Actourrtfj pollclts 1.1 Accounti convention The financial statements have been prepared In actordance wrth the charity's Igoverning documentl. the Charities Act 2011. FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland- I"FRS 102-1 and the Charitie$ 50RP -Actouniin8 and Reporting by chalies.. Statement ol Recommended Prnctice applicable to charlties preparing their accounts in accordanee wlth the FSnancl Repotting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as dethned by FRS 102. The financial statements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure ha5 involved following the Statement of Retommended Prnctite for tharmts apPing FRS 102 rather than the verslon of the 5tètement ot Recommended Prnetice whlch Is referred to the Regulations but whleh has slnce been wlthdrawn. The financlal statements are prepared In sterlln& vthlch Is the functional currency of the charlty. Monetary amounts In these finandal Statements are rounded to the nearesi £. The flnanclal statement5 ha¥ been prepared under the h15torltal tost convenon. Imodlfied to IndLFde the revaluation ol freehold properties and to indude investment properties and certaln financlal Instruments at falr valuel. The princlpal accountin8 pollcies adopted are set out below. 1.2 Golni conc•m At the time of approving the finantial ststements. Ihe trustees have a reasonable expectatr'on that the charlty has adequate resources lo continue In operational existence for the foreseeable future. Thus the trustees tontinue to adopt the golng contern basis of accounting In preparlng the finantlal statements. 1.3 Ch•rftable lunds Unrestricted funds are avallablt for us• at the discretlon of th trustees In furthtranct of thlr tharltable oblectives. Restrlcted funds are sublect to speclfic condftions by donors or grantors as to how they may be used. The purposes and uses of the restrfjcted funds are set out in the notes to the financial statements. Endowment fund5 are subject to specithc conditK*ns by donor5 that the capital must be maintained by the charity. 1.4 Income Income is reccenised when the charity is leeally entitled to it after any performance conditions hJse been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. oiher donations are recognised once the charity has been notified of the donation, unless performance condiknons require deferral of the amount. Income tax recoverable in relation to donations received underGift Aid or deeds of covenant Is recognised at the time of the donation.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountl polic5•3 Icontlnuedl LegacSes are recognlsed on recelpt or otherwfjse If the charfty has been notified of an Impendlng dlstrlbutlon. the amount is known. al receipt Is expected. If the amount is not known. the legaty Is treated as a contingent asset. 1.5 Exp•ndltur• Expenditure is recognised once there is a legal or constructive obligation to transfer economic belit to third party. it 15 probable that a transfer of economK benefits will be required in settlement. andihe amount of the obli8ation can be measured reliably. Expendlture Is classlfied by activf(v. The costs of each arti¥tty are made up of the total of dlrKt costs and shared costs, includln8 SUPPryt costs Involved In undertakin8 each activity. Dlrect costs attrlbutstle to a slngle activlty are allocated tlirectly to that activlty. Shared costs whSch contribute to more thanone activltv and support costs which are not attributable to a single activity are apportioned between those actwities on a basis consistent with the yse of resources. Central staff costs are allocated on the basis of time Spent, and depreciation charges are allocated on the wrtion ol the asset's use. 1.6 T•nilbl• fivd •wts Tanglble fixed assets are Inltially measured at cost and subsequently measured at cost or valuation, net ol depreclats'on and any Impairment losses. Depretlation Ss recognised so as to wvlte off the Cost or valuadon of assets less thelr resldual values over their useful live5 on the following ba5es.' Plant and equipment Computer5 25%on cost 25%on cost The yin or loss arising on the disposal of an •sset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and Is recognlsed In the statement of financlal actlvltles. 1.7 lrnpairrnent of fixed assets At each reporting end date. the charity revfjews the carrylng amounts of its tanglble assets to determlne whether there is any indication that those assets have suffered an impairment loss. If any such indicadon exists, the recoverable amount of the asset is estimated in order to determine the extent of the impirment loss lil anyl. 1.8 C•sh •nd c•sh *qulvalents Cash and cash equivalents include cash In hand, deposr(s held at call with banks, other short-term Ilquid Investments with origlnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin8s in current liabilities.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountl polic5•3 Icontlnuedl 1.9 Flnand•l InstNmnts The charity has elected to apply the prowsions of Section 11 'Basic Financlal Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to al of bts financial insiruments. Financial instruments are recognised in tht charitvs balance sheet when the charity becomes party to the contractual PfOVi5ions of the instrument. Flnantial assets and liabilities are offset. wlth the net amounts presented in the financSal statements. when there Is a legally enforceable rlght to set off the re¢o8nlsed amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneouslv. 8ttsl¢llnanclol oss•ts Basic linancial assets. which include debt0 and c4sh Jnd bank balances, Jre initially measured * transaction prlce including transathon Co5 and art Subsequent tarried at amortised tost uslng the effective Srnterest method unless the arrangemeni constitutes a finanting transaction. where the transaction Is measured at the present value of the future receipts d15counted at a market rate of interest. Financial assets clas5iHed as recelvable withln one year are not amorttsed. 80si¢finon¢iol Ilabill¢l¢s Basic financlal IlabS1ities. Includlng credfjtors and bank loans are Inltially recoinlsed at transaction prlce unless the arran8ement constitutes a financin8 transaction, where the debt instrument is measured at the pRsent valye of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wlthln one year are not amortised. Debt Instruments are subsequentfy carded at amortbsed c05t, uslng the effethve Interest rate method. Trade creditors are obligadons lo pay for gotds or Services that have been acquired in the ordinwy courst of operations from suppliers. Amgunts payable are classified as current liabilities if payment is due within one vear or less. If not, they are presented a5 noTrcurrent liabilitie5. Trade creditors are recognlsed Inltially at transathon price and 5ubsequentfy measured at amorti5ed cost usin8 the effective interest method. Dtrecognlllon ofllnunclolllubilltles Financial liabilities art drttognisd when the thartvs contrartual obligations expir• or are discharged or cancelled. 1.10 Employee benefits The tost of any unused holiday entlilement Is recognised in the pÈrlod In which thè employee's StrcS arè recpivpd. Termination benefits are recognised immediately as an expense when the charity is demonstrablv comfflitted to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefft5 Payments to delined contribution ret1ment benefit schemes a char8ed as an expense as they fall due.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 cr1¢*1 •c¢ountSng estlm•te5 •nd Judgements In the application of the chariws accountinB policies, the trustees are required to make judgements, estimates and assumptions about the carryln6 amount of assets and Ilabillties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fattors that are considered to be relevant. Artual results may differ from these estimates. The estimates and undertying assumptions are revlewed on an on8oin8 basls. Revislons to accounting estimates are reco8nised in the period In which the estimate is revlsed where the revision affects rmly that period, or In the period of the revi51on and future periods where the revlslon affects both current and future perlods. Incom• from th•dt•bl• actl¥ltl•% Unrestrlct•d funds 2025 Unrestricted fundg 2024 CharIt•1• •etlvltles Fees Fundlng Donations received 28,844 120,172 Iso 27,844 100,604 149,166 128,448 Intomt frorn othèr tradlni •rtl¥id Unrestrlcted Unrestrlcted fvnds fund5 2025 2024 rundrelsln6 events 195 191 Intome frorn investment5 Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 1.018 1.085
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 EMpendFture on ch•rtt•ble *dIv[e$ 2025 2024 Dlr•rt Costs Staff costs Oepreciation and 5mpalrment Rent 102,856 6.977 1,517 822 2.647 2,647 788 88,430 5.284 3,026 674 2.225 875 Ratès and water Insurance Llght and heat Telephone 836 E li Refreshment5 Repairs and malntenance Cleanlng Trlps Unllorm IT software 8ank fees Staff training Advertislng and reCtment Prlnting and office ststionery Fundralslng expense 2,090 14,540 1.553 64 352 1,658 12,417 1,583 128 291 990 60 1,602 60 222 92 138,223 119.892 Share ol support and VerTr•n¢e costs (see note } Governance 4.200 3.785 142.423 123.677 Analysls byfund Unrestricied funds 142.423 12J,bll Net movement in funds 2025 2024 The net movement in funds is Stated after tharyngllcreditrngl-. DÈprÈtiation of r)wnod taheiblè fixed as%Èts 6.977 5.284
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits fr(Th the charSty durln8 the year. Employee5 The average monthly number of employees during the year was: 2025 Number 2024 Number Total Employm•nt costs 2025 2024 Wages and salarles Other pension costs 101,083 1,773 87,072 1.358 102,856 88,430 There were no emplo$ whose •nnu•l remunerjtion WJS more than £60,IJX). 10 T•xatlon The charlty Is exempt from taxation on Its activlties because all Its Incomels applled for chadtable purpose5. 10_
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 11 T•n¢ible fixed 15sets Int Comwter ewlwnent Tot Cost At I September 2024 Addltions 21,101 11.555 1,845 22,946 11.555 At 31 August 202S 32,656 1.845 34,501 D•pr•eiation and imyirni•nl At I September 2024 Depreciation charged In tht yèar 17.277 6.713 1.399 264 18,676 6,977 At 31 August 2025 23.99) 1.663 25.653 C•rryln¢ •mount At 31 August 2025 8.666 182 8.848 At 31 Au8USt 2024 3,824 446 4,270 12 D•btors 2025 2024 Amounts lallln¢ du• wlthln on• y••r. Other debtors Prepayments and accrued intome 4,440 2,032 2,289 2.289 .472 13 Crndltors.. •mounts f•lllng du• wSthln one y••r 2025 2024 Other creditors Accruals and deferred Income 3,250 660 2,150 2.176 3.910 4.326
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 14 Unrestrfrted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unresiricted funds by the trustee5 for specific purp05e5. Incomln¢ R*sourc•s At 31 Auiust September r•sourc•s •xpend•d 2025 2024 General funds I(.662 150.379 1142.4231 108,618 Pre¥Sous year. Incoming resources Resource5 At 31 Auiust expended 2024 ptember 2023 General funds 94,615 129,724 1123,6771 ICQ,662 15 R•l4ted party Iransactlonl There were no dlsdosable related party transactions duflng the year12024- none). 12_
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Charity r•8istration number 10314 MAWNAN PRE-SCHOOL ANNUAL REPORT ANO UNAUIXTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MAWNAN PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trust••s E Shaw C Owen l Jones H Judd B Fer8ussotFCix)per P Luscombe C Moon A 6urley J Barattini Ifesi8ned 25110120251 C Wallace Ire5igned 25110120251 N Gar8e Iresigned 25110120251 C Pledger Ire5igned 25110120251 E Andrews Iresl8ned 25110120251 Ch•rlty numb•r 1031490 Independent examiner Mrs R Thomas TC GrJP Vlvlan House Newh•m Road Truro Cofnwall United Kin8dom TRI 2DP
MAWNAN PRE-SCHOOL CONTENTS Trustees, report Independent examiner'$ repc Statement of financial xtivities Balance sheet Notes to the financlal ststements 5-12
MAWNAN PRE-SCHOOL TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trustees present their veport with the financial statements of the charity fof the year ended 31 August 2025. The trustees have adopted the provisions of Accountin8 and RepDrtin8 by Charitiès: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the FinancBI Repothng Standard applicable in the UK and RepUC of Ireland IFRS 1021 leffective l January 20191. Struclurej ¥eman(* •nd monagement The charlty Is controlled by Its governln8 d(Kurnent, a deed of trust and ConstuteS an unlncorporated charity. The tnjstees who served durlng the year and up to the date of slgnature of the finantlal statements were.. Trust• E Shaw C Owen L Jones H ludd 8 Fergusson-cooper P Luscombe C Moon A 8urlev J Barathnl Iresl8ned 25110120251 C Wallace Iresl8ned 25110120251 N Garge Ireslgned 25110120251 C Pledger Ireslgned 25110120251 E Andrew5 Ire518ned 25110120251 The trustee5' rep1 was approved by the Board ofTru5tees. Trust•• Date=..
MAWNAN PRE-SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUStEES OF MAWNAN PRE-SCHOOL I report to the trustee5 on my examination of the financfjal ststements of Mawnan Prtrschool (the charftyl for the year ended 31 Au8USt 2025. R•spon$Sbllltl •nd b•sSs of r•port As the trustees of the charity you are responsible for the preparntion of the financial statements in accordance wlth the requSrements of the Charities Aci 2011 Ithe 2011 Atil. I report In respért af my txamSnation of th• tharity's finantlal statements tarried out under sedlon 145 of the 2011 Acl. In carrying out my examination I hove followed all the applicable Directions given by the Charitv Commlsslon under section 145ISllbl of the 2011 Art. Indeptndènt xamlntr's statment Your attention is drnwn to the fact that the charity has prepared financlal statements In aceordante wlth Accounttng and Reporting by Charities preparlng their accounts In accordance wlth the FlnancSal Reputing Standard appllcable In the UK and Republlc of Ireland (FPS 1021 in preference to the Accountin8 and Reporbn8 by Charities.. Statement of Recommended Practice issued on l April 21)J5 whbch is referred to in the eXtt regulations but has now been wlthdrawn. l understand that th15 ha5 been done In ¢yder for finarKb41 ststement5 to provlde a true and falr vlew In accordance wlth Genernlly Accepted AccounnI Prtthc¢ eflecdve for repordn8 perlods be8lnnln8 on or after I January 2015. I have completed my txamination. I conlirm that no matter5 hovt ¢¢me to my attention In ¢onnethw wlth the éxamlnation glving me cause to believe that in any materK41 respect.. accounting records were not kept in respert ol the charity as required by section 130 of the 2011 Art,. or the hnancial statement5 do not accord with th05e record5.' or the hnancial ststements do not comply with the applicable requirements concernlng the fom and content of accounts set out In the Charlties IAccounts and Reports) Re8ulatr'on$ 2(K18 other than any requlrementthat the accounts give a true and fair view which is not a matter cgnsidered as part of an independent examination. I have no toncerns and have come atffjss no other matters In connettlon wlth the examinatton to whth attentlon should be drawn In this reFOrt in order to enable a proper understanding of the finandal statements to be reached. Mrs R Thomas Vlvlan House Newham Road Truro Cornwall TRI 2DP United Kingdom Dated: .........................
MAWNAN PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE Accoumr FOR THE YEAR ENDED 31 AUGUST2025 Unrestrirted funds Unrestrirted tunds 2025 2024 N¢)ts Incom¢ from: Charitable activities 149.166 195 1.018 128.448 191 1.085 Other tradln8 activSties Investments Tot•1 in¢om• 150,379 129,724 ExpendItU on.. Charitable activities 142.423 123.677 Tot•1 •xp•ndltur• 142,423 123,677 N•t Incom• •nd mo¥•m•nt In funds 7,956 6,047 R•con¢ilition of funds: Fund balances at I September 2024 100.662 94.615 Fund b•lanc•s •t 31 Auiust 2025 108.618 100.662 The 5tstement of financlal activities Includes all 8ains and losses reco8nised in the year. All Iome and expendSture derlve from continulng aciivlties.
MAWNAN PRE-SCHOOL BALANCE SHE ASAT31 AU6UST2025 2025 2024 Notes Fixed assets Tangible assets li 4,270 Current •s$•ts Debtors Cash at bank and In hand 12 2,289 101.391 6,472 94.246 lo3.) I,?1# Cr•dltors'. •mounts hlllnl du• wlthln OM 13 13.9101 14,3261 N•t curmnt •$s•ts 99.770 96.392 Tot•1 •sMts l•ss ¢urr•nt li•bilili•s 108,618 ICQ,662 Net assets *XdUdl p$s0n Il•blllty 108,618 ICQ,662 Th• funds of th• ¢h•rity Unrestrlcted funds 108.618 ICQ.662 108,618 ICQ,662 The finantièl statements were approved by the trustees c..1&ba6......... .Liz.Shaw............. Trust••
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 AUGUST2025 Actourrtfj pollclts 1.1 Accounti convention The financial statements have been prepared In actordance wrth the charity's Igoverning documentl. the Charities Act 2011. FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland- I"FRS 102-1 and the Charitie$ 50RP -Actouniin8 and Reporting by chalies.. Statement ol Recommended Prnctice applicable to charlties preparing their accounts in accordanee wlth the FSnancl Repotting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as dethned by FRS 102. The financial statements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure ha5 involved following the Statement of Retommended Prnctite for tharmts apPing FRS 102 rather than the verslon of the 5tètement ot Recommended Prnetice whlch Is referred to the Regulations but whleh has slnce been wlthdrawn. The financlal statements are prepared In sterlln& vthlch Is the functional currency of the charlty. Monetary amounts In these finandal Statements are rounded to the nearesi £. The flnanclal statement5 ha¥ been prepared under the h15torltal tost convenon. Imodlfied to IndLFde the revaluation ol freehold properties and to indude investment properties and certaln financlal Instruments at falr valuel. The princlpal accountin8 pollcies adopted are set out below. 1.2 Golni conc•m At the time of approving the finantial ststements. Ihe trustees have a reasonable expectatr'on that the charlty has adequate resources lo continue In operational existence for the foreseeable future. Thus the trustees tontinue to adopt the golng contern basis of accounting In preparlng the finantlal statements. 1.3 Ch•rftable lunds Unrestricted funds are avallablt for us• at the discretlon of th trustees In furthtranct of thlr tharltable oblectives. Restrlcted funds are sublect to speclfic condftions by donors or grantors as to how they may be used. The purposes and uses of the restrfjcted funds are set out in the notes to the financial statements. Endowment fund5 are subject to specithc conditK*ns by donor5 that the capital must be maintained by the charity. 1.4 Income Income is reccenised when the charity is leeally entitled to it after any performance conditions hJse been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. oiher donations are recognised once the charity has been notified of the donation, unless performance condiknons require deferral of the amount. Income tax recoverable in relation to donations received underGift Aid or deeds of covenant Is recognised at the time of the donation.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountl polic5•3 Icontlnuedl LegacSes are recognlsed on recelpt or otherwfjse If the charfty has been notified of an Impendlng dlstrlbutlon. the amount is known. al receipt Is expected. If the amount is not known. the legaty Is treated as a contingent asset. 1.5 Exp•ndltur• Expenditure is recognised once there is a legal or constructive obligation to transfer economic belit to third party. it 15 probable that a transfer of economK benefits will be required in settlement. andihe amount of the obli8ation can be measured reliably. Expendlture Is classlfied by activf(v. The costs of each arti¥tty are made up of the total of dlrKt costs and shared costs, includln8 SUPPryt costs Involved In undertakin8 each activity. Dlrect costs attrlbutstle to a slngle activlty are allocated tlirectly to that activlty. Shared costs whSch contribute to more thanone activltv and support costs which are not attributable to a single activity are apportioned between those actwities on a basis consistent with the yse of resources. Central staff costs are allocated on the basis of time Spent, and depreciation charges are allocated on the wrtion ol the asset's use. 1.6 T•nilbl• fivd •wts Tanglble fixed assets are Inltially measured at cost and subsequently measured at cost or valuation, net ol depreclats'on and any Impairment losses. Depretlation Ss recognised so as to wvlte off the Cost or valuadon of assets less thelr resldual values over their useful live5 on the following ba5es.' Plant and equipment Computer5 25%on cost 25%on cost The yin or loss arising on the disposal of an •sset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and Is recognlsed In the statement of financlal actlvltles. 1.7 lrnpairrnent of fixed assets At each reporting end date. the charity revfjews the carrylng amounts of its tanglble assets to determlne whether there is any indication that those assets have suffered an impairment loss. If any such indicadon exists, the recoverable amount of the asset is estimated in order to determine the extent of the impirment loss lil anyl. 1.8 C•sh •nd c•sh *qulvalents Cash and cash equivalents include cash In hand, deposr(s held at call with banks, other short-term Ilquid Investments with origlnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin8s in current liabilities.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountl polic5•3 Icontlnuedl 1.9 Flnand•l InstNmnts The charity has elected to apply the prowsions of Section 11 'Basic Financlal Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to al of bts financial insiruments. Financial instruments are recognised in tht charitvs balance sheet when the charity becomes party to the contractual PfOVi5ions of the instrument. Flnantial assets and liabilities are offset. wlth the net amounts presented in the financSal statements. when there Is a legally enforceable rlght to set off the re¢o8nlsed amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneouslv. 8ttsl¢llnanclol oss•ts Basic linancial assets. which include debt0 and c4sh Jnd bank balances, Jre initially measured * transaction prlce including transathon Co5 and art Subsequent tarried at amortised tost uslng the effective Srnterest method unless the arrangemeni constitutes a finanting transaction. where the transaction Is measured at the present value of the future receipts d15counted at a market rate of interest. Financial assets clas5iHed as recelvable withln one year are not amorttsed. 80si¢finon¢iol Ilabill¢l¢s Basic financlal IlabS1ities. Includlng credfjtors and bank loans are Inltially recoinlsed at transaction prlce unless the arran8ement constitutes a financin8 transaction, where the debt instrument is measured at the pRsent valye of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wlthln one year are not amortised. Debt Instruments are subsequentfy carded at amortbsed c05t, uslng the effethve Interest rate method. Trade creditors are obligadons lo pay for gotds or Services that have been acquired in the ordinwy courst of operations from suppliers. Amgunts payable are classified as current liabilities if payment is due within one vear or less. If not, they are presented a5 noTrcurrent liabilitie5. Trade creditors are recognlsed Inltially at transathon price and 5ubsequentfy measured at amorti5ed cost usin8 the effective interest method. Dtrecognlllon ofllnunclolllubilltles Financial liabilities art drttognisd when the thartvs contrartual obligations expir• or are discharged or cancelled. 1.10 Employee benefits The tost of any unused holiday entlilement Is recognised in the pÈrlod In which thè employee's StrcS arè recpivpd. Termination benefits are recognised immediately as an expense when the charity is demonstrablv comfflitted to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefft5 Payments to delined contribution ret1ment benefit schemes a char8ed as an expense as they fall due.
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 cr1¢*1 •c¢ountSng estlm•te5 •nd Judgements In the application of the chariws accountinB policies, the trustees are required to make judgements, estimates and assumptions about the carryln6 amount of assets and Ilabillties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fattors that are considered to be relevant. Artual results may differ from these estimates. The estimates and undertying assumptions are revlewed on an on8oin8 basls. Revislons to accounting estimates are reco8nised in the period In which the estimate is revlsed where the revision affects rmly that period, or In the period of the revi51on and future periods where the revlslon affects both current and future perlods. Incom• from th•dt•bl• actl¥ltl•% Unrestrlct•d funds 2025 Unrestricted fundg 2024 CharIt•1• •etlvltles Fees Fundlng Donations received 28,844 120,172 Iso 27,844 100,604 149,166 128,448 Intomt frorn othèr tradlni •rtl¥id Unrestrlcted Unrestrlcted fvnds fund5 2025 2024 rundrelsln6 events 195 191 Intome frorn investment5 Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 1.018 1.085
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 EMpendFture on ch•rtt•ble *dIv[e$ 2025 2024 Dlr•rt Costs Staff costs Oepreciation and 5mpalrment Rent 102,856 6.977 1,517 822 2.647 2,647 788 88,430 5.284 3,026 674 2.225 875 Ratès and water Insurance Llght and heat Telephone 836 E li Refreshment5 Repairs and malntenance Cleanlng Trlps Unllorm IT software 8ank fees Staff training Advertislng and reCtment Prlnting and office ststionery Fundralslng expense 2,090 14,540 1.553 64 352 1,658 12,417 1,583 128 291 990 60 1,602 60 222 92 138,223 119.892 Share ol support and VerTr•n¢e costs (see note } Governance 4.200 3.785 142.423 123.677 Analysls byfund Unrestricied funds 142.423 12J,bll Net movement in funds 2025 2024 The net movement in funds is Stated after tharyngllcreditrngl-. DÈprÈtiation of r)wnod taheiblè fixed as%Èts 6.977 5.284
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits fr(Th the charSty durln8 the year. Employee5 The average monthly number of employees during the year was: 2025 Number 2024 Number Total Employm•nt costs 2025 2024 Wages and salarles Other pension costs 101,083 1,773 87,072 1.358 102,856 88,430 There were no emplo$ whose •nnu•l remunerjtion WJS more than £60,IJX). 10 T•xatlon The charlty Is exempt from taxation on Its activlties because all Its Incomels applled for chadtable purpose5. 10_
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 11 T•n¢ible fixed 15sets Int Comwter ewlwnent Tot Cost At I September 2024 Addltions 21,101 11.555 1,845 22,946 11.555 At 31 August 202S 32,656 1.845 34,501 D•pr•eiation and imyirni•nl At I September 2024 Depreciation charged In tht yèar 17.277 6.713 1.399 264 18,676 6,977 At 31 August 2025 23.99) 1.663 25.653 C•rryln¢ •mount At 31 August 2025 8.666 182 8.848 At 31 Au8USt 2024 3,824 446 4,270 12 D•btors 2025 2024 Amounts lallln¢ du• wlthln on• y••r. Other debtors Prepayments and accrued intome 4,440 2,032 2,289 2.289 .472 13 Crndltors.. •mounts f•lllng du• wSthln one y••r 2025 2024 Other creditors Accruals and deferred Income 3,250 660 2,150 2.176 3.910 4.326
MAWNAN PRE-SCHOOL NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 14 Unrestrfrted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unresiricted funds by the trustee5 for specific purp05e5. Incomln¢ R*sourc•s At 31 Auiust September r•sourc•s •xpend•d 2025 2024 General funds I(.662 150.379 1142.4231 108,618 Pre¥Sous year. Incoming resources Resource5 At 31 Auiust expended 2024 ptember 2023 General funds 94,615 129,724 1123,6771 ICQ,662 15 R•l4ted party Iransactlonl There were no dlsdosable related party transactions duflng the year12024- none). 12_
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