REGISTERED CHARITY NUMBER: 1032718 CENTRAL PRE-SCHOOL REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 CENTRAL PRE-SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financlal Actlvltles statement ol Flnanclal Position Notes to tho Flnanclal Statements 7 to 12 Detalled Statement of Flnanclal Actlvities 13 CENTRAL PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees present their report with the financial 5tatement5 of the charity for the year ended 31st August 2024. The trustees have adopted the prov15ion5 of Accountlng and Reportlng by Charitle5: Statement of Recommended Practice applicable to charlties preparing thelr accounts In accordance wlth the Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To care for and enhance the development and education of children, from 2 years old up to 4 years old. Signiflcant actlvltles Offering appropriate playi educatlon and care facllitles for children aged 2 4 In a safe, secure and 5timulatlng envlronment, whatever thelr race, culture, rel igion, mean5 or ability, We offer an affordable breakfast club and after school club to any chlld attendlng the settlng and the local prlmary school. We currently offer care 44 weeks of the year, for any famllles needing chlldcare through the school holldays. We aim to enhance their development and educatlon by encouraglng learnlng, self-confldence, and Independence. We offer a varled curriculum that SUPPOrts children's individual needs, encouraging them to meet thelr own unlque goals. Meeting the needs of any chlld wlth special education5 need,3nd supporting the families as needed. Public benefit All Trustee5 have been advlsed under guldance of publlc benefit which is to serve families and their children with access to Early Years provlslons. Volunteers All trustees and committee members offer thelr tlme for free to Improve the settlng and to run fundralsSng events in order to raise funds for the settlng. Staff also help on variou5 occasions without receiving any pay. We also encourage all parents and famllles of the chlldren attending to volunteer thelr tlme to help us out by Jol nlng a se5510ri to play with their chlldren. ACHIEVEMENTS AND PERFORMANCE Charitable actlvltles We had a member of staff complete thelr NVQ 3, bringlng our number of quallfled staff up. We were lucky to be able to arrange for the moblle farm to vlslt us agaln, and also the Ice cream van. We also enjoyed splash day when we some fabulous weather. We once agaln arranged our annual clnema trlp In December 2023 wlth another pre-school. Thls was enjoyed by all the chlldren and staff and really is a hlghllght of the year! We hope to contlnue thls every year to glve fflore children this Invaluable experlence. Fundraising actlvltles Sadly, we dldn't manage to arrange as many fundraising activities as we would have liked this year. With the committee having less Involvement we struggle to get the support. This change has already started post year end wlth a new commlttee belng appointed who wlll support the newly appolnted Board. The new commlttee wlll be fully operational once we have the necessary OFSTED conflrmatlon. We raised funds from the children havlng photographs taken and Terry Ferris glvlng us a percentage of the taklngs. We also organlsed a Chrlstmas and Easter dlsco, these events always go down well and are enjoyed by both children and staffl Page L CENTRAL PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T AUGUST 2024 FINANCIAL REVIEW Flnanclal position Total income for the year to 31 August 2024 was E257,611 (up from £231,466 In 2022/23). Our total expendlture was £256,773 (up from £219,878 In 2022123). The accounts show a surplus of £838 (£11,588 in 2022123) Grants and fees have Increased from the prior year by £16.6k and £10.9k respectlvely whilst expendlture has Increased by £36.9k. The largest Increase in expendlture was in relation to the wages, This has Increased by £34.4k, These Increases are to do wlth new staff members and the rlse In the national mlnlmum wage, Prlnclpal funding sources Our maln sources of Income is from Government Early Year5 Education fundlng. As well as thls we charge a consumable fee of £1 per day to each child attendlng. We also invoice for any non-funded hours and the breakfast and after school club. We hold fundraising events when possible, Reserves pollcy The trustees have examined the charities requlrements for reserves in the 51ght of maln rlsks to the charlty. With the Board restructure, wlll be resettlng thelr reserves pollcy during 2025 to take account of the most up to date running costs of the charlty and suitable perlod they deem necessary. Thls surplus will allow us to cover any lower numbers that typlcally occur during the Autumn term and any rlslng of mlnlmum wage that happens each tax year. Amounts of reserves held £39,886 of reserves held at the year end. Going concern P05t year end, the charlty has performed well, and fundralslng income has increased slgnlflcantly, Although there is stiii the concern of large Increases In costs from the natlonal mlnlmum wage increases and cost of livlngi the bank balance of the buslness Is strong at August 2025. We have a few parents wllling to step up as commlttee members, to support the already newly appointed Board, to take over from the old committee, however due to the delays In getting them approved this wlll Ilkely not have an operational Smpact untll 2025126. FUTURE PLANS In January 2025, we stopped charglng a consumable fee In relatlon to various day to day products and a5 a result of thls our income went down. however, since thls was stopped, a lot of parents had donated the products to the charlty which has been successful and ha5 not imparted the flnancial posltlon of the charlty. In May 2025, after the flnanclal year, the board of trustees has cornpletely changed, and the new board are worklng hard to Increase the amount of fundraislng completed to ensure a SLrfficient cash reserve is held for the buslness STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Constitutlon Charlty constltutlon Unlncorporated Association Re¢rultment and appointment of new trustees Elected at AGM Inductlon and trainlng of new trustees All trustees and committee members complete an enhanced DBS check, and an EY2 form through Ofsted. Onllne training Is provlded for all trustees through EYS. All trustee5 sign a confldentlality pol Icy, Page 2 CENTRAL PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk management Flnances are a large rlsk of the business as the moment with pay rates rlslng qulte steeply each year and the cost of Ilvlng also still rising but wlth no major increase In fundlng, Not to mentlon a cut In funding for SEND education. To asslst wlth the Increase In costs, the trustees are commltted to increaslng the level of fundralsl ng completed in the new flnanclal year. REFERENCE AND ADMINISTRATIVE DETAILS Reg15tered Charity number 1032718 Prlnclpal addre55 66 Alblon Street SWINDON Wlltshlre SNI SLL Trustees Current and appolnted in the perlod M5 R Davies Chairperson Ms C Lewls Secretary Mr J Mldwlnter Trustee Mlss N M Ross Chalrper50n Ms P Street Secretary MsJLee Treasurer Fleslgned 02.05.2025 Reslgned 02,05.2025 Resigned 02.05.2025 Appolnted 02.05.2025 Appolnted 02.05.2025 Appointed Q2.05.2025 Independent Examiner Morrls Owen Chartered Accountants 43-45 Devizes Road SWINDON Wiltshire SNI 48G Approved by order of the board of trustees on Ilth September 2025 and signed on its behalf by: Mlss N M Ross - Trustee Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL PRE-SCHOOL Independent examlner's report to the trustees of Central Pre-school I report to the charity trustees on my examlnatlon of the accounts of Central Pre-school (the Trust) for the year ended 31st August 2024. Responslbllltles and basls of report As the charlty trustees of the Trust you are responsible for the preparatlon of the accounts In accordance with the requlrements of the Charltles Act 2011 ('the Act,). I report in respect of my examlnatlon of the Trust's accounts carrled out under Sectlon 145 of the Act and In carrying out my examination I have followed all appllcable Dlrectlons glven by the Charlty Comrnlsslon under Sect5on 145(5)(b) of the Act. Independent examlner's statement Slnce your charity'5 gr055 income exceeded £250,000 your examlner must be a member of a 11sted body. I can confirm that I am quallfled to undertake the examinotion because I am a member of the Institute of Chartered Accountants In England and Wales, whlch Is one of the Ilsted bodles, I have completed my examinatlon. I conflrm that no materlal matters have come to my attention in connection with the examlnatlon glvlng me cause to belleve that In any materlal respect.. accountlng records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act. or the accounts do not accord wlth those records; or the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out In the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and falr vlew whlch Is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters In connectlon wlth the exarnlnation to which attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Jenna Probets FCA CTA Morrls Owen Chartered Accountant5 43-45 Devizes Road SWINDON Wiltshire SNI 4BG Date: Page 4 CENTRAL PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 Total funds 2023 Total funds Unrestrlcted Restrlcted fund fund Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles 257,157 257,157 229,695 other trading actlvltles Investment Income 388 66 388 66 1,739 32 Total 257,611 257,611 231,466 EXPENDITURE ON Charltable activities General 256,644 129 256,773 219,878 NET INCOME/(EXPENDITURE) 967 (129) 838 11,588 RECONCILIATION OF FUNDS Total funds brought forward 38,919 129 39,048 27,460 TOTAL FUNDS CARRXED FORWARD 39,886 39,886 39,048 The note5 form part of these flnanclal statements CENTRAL PRE-SCHOOL STATEMENT OF FXNANCIAL POSITION 31ST AUGUST 2024 2024 Total funds 2023 Total funds Unrestrlcted Restrlcted fund fund Notes FIXED ASSETS Tanglble assets io 5,208 5,208 7,813 CURRENT ASSETS Stocks Debtors Cash at bank and in hand li 12 56 640 57,578 56 640 57,578 32 698 33,718 58,274 58,274 34,448 CREDITORS Amounts falllng due wlthln one year 13 (23,596) (23,596) (3,213) NET CURRENT ASSETS 34,678 34,678 31,235 TOTAL ASSETS LESS CURRENT LIABILITIES 39,886 39,886 39,048 NET ASSETS 39,886 39,886 39,048 FUNDS Unrestrlcted funds Restrlcted fund5 14 39,886 38,919 129 TOTAL FUNDS 39,886 39,048 The financlal statements were approved by the Board of Trustees and authorised for Issue on Ilth September 2025 and were slgned on its behalf by., Miss N M Ross - Trustee The notes form part of these fln