2025-03-31-accounts

CHARITY REGISTRATION NUMBER: 1034833

BARBICAN PRE-SCHOOL UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2025

METHERELL GARD

Chartered Certified Accountants Morval Looe Cornwall PL13 1PN

BARBICAN PRE-SCHOOL

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

	PAGE
Trustees' annual report	1
Independent examiner's report to the trustees	4
Statement of financial activities	5
Statement of financial position	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	15
Notes to the detailed statement of financial activities	16

BARBICAN PRE-SCHOOL

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Barbican Pre-School

Charity registration number 1034833

Principal office Trewint Crescent Barbican Looe PL13 1ET

THE TRUSTEES

Mrs B Reynolds B Crabb J Reynolds L Roberts

COMPANY SECRETARY Bryony Crabb

INDEPENDENT

EXAMINER Ashley Smith FCCA Morval Looe Cornwall PL13 1PN

STRUCTURE, GOVERNANCE AND MANAGEMENT

The pre school is run by a committee of parents and associate trustees are elected from these people.

OBJECTIVES AND ACTIVITIES

Objectives

To provide a safe and exciting learning environment for the children of Looe and its local area.

To work with parents, carers, local authority and the local community to continue to enhance the educational provision for children under school age and provide a transition to school.

- 1 -

BARBICAN PRE-SCHOOL

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES (continued)

Activities

Provide childcare services to parents and carers of those children under school age.

ACHIEVEMENTS AND PERFORMANCE

The main achievement of the charity is to provide a safe, happy learning environment for each child. To provide them with a supportive environment in which they can thrive.

Provision is made to be inclusive of all learning needs with emphasis on the growth and development of each individual child.

BPS has its place in the heart of the community of Looe. The preschool has continued to involve itself in community events such as Remembrance Day Service, the Carnival and fundraising for local initiatives.

BPS has provided ongoing support to those who need it and has provided a place for parents to come and feel supported in a confidential environment. It has been praised for continued work with those with SEND and the staff have continued staff training to ensure their knowledge is up to date.

We have further enhanced the indoor and outdoor learning environment creating zones for various aspects of the children's learning for example the home room, try a different job, problem solving, the arts. These learning zones are used to enhance the children's knowledge of the environment and the impact of their lives both in the local community and on a global scale.

FINANCIAL REVIEW

We have finished the financial year in a good position with funds in a healthy position.

We have secured additional funding for the students requiring extra support which has allowed staff to provide the necessary provision for those who need a more tailored learning environment.

The staff numbers have increased in the last year which has increased the monthly outgoings. This has been to ensure ratios are met as pupil numbers have increased month on month.

The team have gone from strength to strength primarily due to such a supportive Management team. They have insured that staff are valued and supported both personally and in the provision of courses, always developing their skill set.

The financial support the government provided in terms of grant income has meant that we have still been able to run an effective business and not accumulate any debt. We have been able to ensure adequate money in the reserve fund has remained in place.

- 2 -

BARBICAN PRE-SCHOOL

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW (continued)

£10,500 is held in reserve in case of any issues. This would cover running costs and redundancies over a 3 month period.

The trustees' annual report was approved on 28 January 2026 and signed on behalf of the board of trustees by:

Mrs B Reynolds Trustee

- 3 -

BARBICAN PRE-SCHOOL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARBICAN PRE-SCHOOL

YEAR ENDED 31 MARCH 2025

I report to the trustees on my examination of the financial statements of Barbican Pre-School ('the charity') for the year ended 31 March 2025.

RESPONSIBILITIES AND BASIS OF REPORT

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do 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.

Ashley Smith FCCA Independent Examiner

Morval Looe Cornwall PL13 1PN

- 4 -

BARBICAN PRE-SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

		2025		2024
		Unrestricted
		funds Total funds		Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	4	118,823	118,823	81,394
Other trading activities	5	1,556	1,556	2,158
Investment income	6	158	158	128
		───────────	───────────	──────────
Total income		120,537	120,537	83,680
		═══════════	═══════════	══════════
Expenditure
Expenditure on charitable activities	7,8	108,592	108,592	73,977
		───────────	───────────	──────────
Total expenditure		108,592	108,592	73,977
		═══════════	═══════════	══════════
		───────────	───────────	──────────
Net income and net movement in funds		11,945	11,945	9,703
		═══════════	═══════════	══════════
Reconciliation of funds
Total funds brought forward		29,217	29,217	19,514
		───────────	───────────	──────────
Total funds carried forward		41,162	41,162	29,217
		═══════════	═══════════	══════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 13 form part of these financial statements.

- 5 -

BARBICAN PRE-SCHOOL

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

		2025		2024
	Note	£	£	£
FIXED ASSETS
Tangible fixed assets	12		2,122	1,602
CURRENT ASSETS
Debtors	13	979		–
Cash at bank and in hand		39,702		29,015
		──────────		──────────
		40,681		29,015
CREDITORS: Amounts falling due within
one year	14	1,641		1,400
		──────────		──────────
NET CURRENT ASSETS			39,040	27,615
			──────────	──────────
TOTAL ASSETS LESS CURRENT LIABILITIES			41,162	29,217
			──────────	──────────
NET ASSETS			41,162	29,217
			══════════	══════════
FUNDS OF THE CHARITY
Unrestricted funds			41,162	29,217
			──────────	──────────
Total charity funds	17		41,162 ══════════	29,217 ══════════

These financial statements were approved by the board of trustees and authorised for issue on 28 January 2026, and are signed on behalf of the board by:

Mrs B Reynolds Trustee

The notes on pages 7 to 13 form part of these financial statements.

- 6 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Trewint Crescent, Barbican, East Looe, Cornwall, PL13 1ET.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

GOING CONCERN

There are no material uncertainties about the charity’s ability to continue.

DISCLOSURE EXEMPTIONS

The entity satisfies the criteria of not being a larger charity as defined in FRS 102 Charities SORP. As such, advantage has been taken of the exemption of preparing a cash flow statement.

- 7 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES (continued)

FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

- 8 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES (continued)

RESOURCES EXPENDED

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

DEPRECIATION

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

• Equipment 10% reducing balance

- 9 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES (continued)

GOVERNMENT GRANTS

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

DEFINED CONTRIBUTION PLANS

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. DONATIONS AND LEGACIES

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
DONATIONS
Parents Fees	12,943	12,943	12,216	12,216
GRANTS
Government grant income	105,880	105,880	69,178	69,178
	───────────	───────────	──────────	──────────
	118,823	118,823	81,394	81,394
	═══════════	═══════════	══════════	══════════

- 10 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

5. OTHER TRADING ACTIVITIES

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Fundraising events	1,556 ════════	1,556 ════════	2,158 ════════	2,158 ════════

6. INVESTMENT INCOME

INVESTMENT INCOME
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Bank interest receivable	158	158	128	128
	═════	═════	═════	═════
EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Pre-School	108,592 ═══════════	108,592 ═══════════	73,977 ══════════	73,977 ══════════

7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

		Activities
		undertaken	Total funds	Total fund
		directly	2025	2024
		£	£	£
	Pre-School	108,592	108,592	73,977
		═══════════	═══════════	══════════
9.	NET INCOME
	Net income is stated after charging/(crediting):
			2025	2024
			£	£
	Depreciation of tangible fixed assets		236	178
			═════	═════

- 11 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

10. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

follows:
	2025	2024
	£	£
Wages and salaries	94,582	65,535
Employer contributions to pension plans	2,437	1,784
	──────────	──────────
	97,019 ══════════	67,319 ══════════

The average head count of employees during the year was 8 (2024: 7).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

11. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

12. TANGIBLE FIXED ASSETS

			Equipment
			£
	Cost
	At 1 April 2024		2,315
	Additions		756
			────────
	At 31 March 2025		3,071
			════════
	Depreciation
	At 1 April 2024		713
	Charge for the year		236
			────────
	At 31 March 2025		949
			════════
	Carrying amount
	At 31 March 2025		2,122
			════════
	At 31 March 2024		1,602
			════════
13.	DEBTORS
		2025	2024
		£	£
	Prepayments and accrued income	979	–
		═════	═════

- 12 -

BARBICAN PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

14. CREDITORS: Amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,641	1,400
	════════	════════

15. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,437 (2024: £1,784).

16. GOVERNMENT GRANTS

The amounts recognised in the financial statements for government grants are as follows:

	2025	2024
	£	£
Recognised in income from donations and legacies:
Government grants income	105,880 ═══════════	69,178 ══════════

17. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
					At
		At			31 March 2
	1	April 2024	Income	Expenditure	025
		£	£	£	£
General funds		29,217	120,537	(108,592)	41,162
		══════════	═══════════	═══════════	══════════
					At
		At		31 March 20
	1	April 2023	Income	Expenditure	24
		£	£	£	£
General funds		19,514 ══════════	83,680 ══════════	(73,977) ══════════	29,217 ══════════

- 13 -

BARBICAN PRE-SCHOOL

MANAGEMENT INFORMATION

YEAR ENDED 31 MARCH 2025

The following pages do not form part of the financial statements.

- 14 -

BARBICAN PRE-SCHOOL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£
Income and endowments
Donations and legacies
Parents Fees	12,943	12,216
Government grant income	105,880	69,178
	───────────	──────────
	118,823	81,394
	───────────	──────────
Other trading activities
Fundraising events	1,556	2,158
	────────	────────
Investment income
Bank interest receivable	158	128
	─────	─────
	───────────	──────────
Total income	120,537	83,680
	═══════════	══════════
Expenditure
Expenditure on charitable activities
Purchases	2,794	1,308
Wages and salaries	94,582	65,535
Pension costs	2,437	1,784
Rates and water	283	161
Light and heat	847	1,703
Repairs and maintenance	1,755	54
Insurance	927	614
Other establishment	–	229
Legal and professional fees	917	1,017
Telephone	847	452
Other office costs	1,272	504
Depreciation	236	178
Sundries	1,695	438
	───────────	──────────
	108,592	73,977
	───────────	──────────
	───────────	──────────
Total expenditure	108,592	73,977
	═══════════	══════════
	───────────	──────────
Net income	11,945	9,703
	═══════════	══════════

- 15 -

BARBICAN PRE-SCHOOL

NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£
Expenditure on charitable activities
Pre-School
Activities undertaken directly
Direct charitable activity 1 - purchases	2,794	1,308
Direct charitable activity 1 - wages/salaries	94,582	65,535
Direct charitable activity 1 - pension costs	2,437	1,784
Direct charitable activity 1 - rates & water	283	161
Direct charitable activity 1 - light & heat	847	1,703
Direct charitable activity 1 - repairs & maintenance	1,755	54
Direct charitable activity 1 - insurance	927	614
Direct charitable activity 1 - other establishment	–	229
Direct charitable activity 1 - legal and professional fees	917	1,017
Direct charitable activity 1 - telephone	847	452
Direct charitable activity 1 - other office costs	1,272	504
Direct charitable activity 1 - depreciation	236	178
Direct charitable activity 1 - sundries	1,695	438
	───────────	──────────
	108,592	73,977
	───────────	──────────
	───────────	──────────
Expenditure on charitable activities	108,592	73,977
	═══════════	══════════

- 16 -