CHARITY REGISTRATION NUMBER: 1037488
Flamstead Pre School
Unaudited Financial Statements
31 July 2024

Flamstead Pre School
Financial Statements
Year ended 31 July 2024
Page
Trustees, annual report
Independent examinerfs report to the trustee
ststement of financial attivities
Statement of financial position
Notes to the financial statements

Flamstead Pre School
Trustees. Annual Report
Year ended 31 July 2024
The trustees present their report and the unaudited financial statements of the charity for
for the year ended 31 July 2024.
Reference and administntive detalls
Registered charlty name
Ramstead Prtrschool
Charfty reglstration number
1037489
Prlncipal offlce
Willage Hall
Church Road
Hamstead
St Albans
AL3 88N
Hertfordshire
The Trustees
Sushmita Dutta
Nigel Tully MBE
Rebecca Gisbome
Jennifer Evans
Nikki Hawe5 (appointed 01 March 2024)
Independent examiner
Vladlmlra Cosier FCCA, Bsc
Strurturel governance and management
The Trustees and the committee members are responslble for setting poliaes,
managing and engaging staff, fundraising and organising social events.
The staff are responsible for runnlng the day-to-day operations of the Pre-school.
Trustee Recrultment
The trustees comprise at least 60% parents or grandparents of thild￿n attending
the Pre-school (Family Members), and up to 40% co-opted residents of Harnstead Village
(Affiliate Members). New Trustees are given instructions on their duties and responsibilities.
Objertlves and actlvlties
The Charity is govemed by a constitutlon adopted on I September 2022. based on
the Early Years Alliance Model Pre-school Constitution 2011.
The cha￿ty,$ objectives are to enhance the development and education of thTldren under
statutory school age by encouraging parents to understand and provide for the needs of their
chlldren through community groups. The trustees have given due regard to the guidance on
public benefit published by the Charity Commission and endeavour to make its facilities
available to all children, some of whom re￿1ve funding.
Page 1

Flamstead Pre School
Tntstees. Annual Report
Year ended 31 Juty 2024
a ￿10 of I to 4 for a9e 3 aThJ a ol I to 8 f(Y over age 3.
2023 was É6.234.
rth the help of the Parish c(￿n(i1 aNI the Vdlage Hall Tnistees. all posgble options for
examined and a way forward has been i(kntified. Based on this, the Trustees plan
to implement a much more Ilexil* polKy frnm Cktober ernpowering the staff to
talk￿ individual (4Yws to parents that the'r chArfs needs more weasely: this

Flamstead Pre School
Independent Examinerfs Report to the Trustees of Flamstead Pre School
Year ended 31 July 2024
I report to the trustees on my examination of the finanaal statements of Flamstead Pre School
(the charlty,) for the year ended 31 July 2024.
Responslbllltles 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 Charitles Art 2011 (the Act).
I report in respect of my examination of the charity's financial statements carried out under
section 145 of the 2011 Art 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 examIne￿$ statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the exarnination giving me cause to believe that in any material
respert:
l. accounting records were not kept in respect of the charity as requlred by sertion 130
of the 2011 Art: or
2. the financial ststements do not accord with those records: or
3. the financial statements do not comply with the applicable requi￿rnents concemlng
the fomi 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 fai
view which is not a matter considered as part of an indeperKlent examination.
I have no concerns and have come across no other matters in connection with the examtnation
to which attention should be drawn in this ￿POrt in order to enable a proper understanding of
the accounts to be reached.
Vladirnira Cosier
Independent Examiner
13 Dammersey aose
Markyate
st Albans
Hertfordshire
AL3 8JS
Date:
Page 3

Flamstead Pre School
Statement of Flnancial Activities
Year ended 31 July 2024
2024
Unrestrict Restricted
ed funds
funds
2023
Total funds
Total funds
Note
Income and endowments
Donations and legaaes
Charltable activities
other income
7,639
91.179
382
500
1.205
8,139
92,384
382
7.331
78.429
2.670
30
Investrnent income
61
61
Total Incom•
99,261
1,705
100,966
88,460
Expendlture
Expenditure on raising funds:
Cost of other trading activities
Expenditure on charitable
actlvities
Total expendlturn
9.10
97,720
1,580
99,300
94,694
97,720
1,580
99,300
94,694
Net movement In fvnds
1,541
125
1.666
16,2341
Recondllatlon of funds
Total funds brought forward
Totsl funds carrled forward
9,016
10,557
9,016
10.682
15,250
9,016
125
The statement of finanaal actlvltles includes all gains and losses recognlsed
in the year. All income and expendlture derive from continuing activities.
The notes on page 6t0 15 form part ofthese financial statements.
Page 4

Flamstead Pre School
Statement of Flnancial Posillon
Year ended 31 Juty 2024
2024
2023
Tavjrble fixed aS￿ts
117
217
140
217
217
140
16
5.262
5.262
9.435
14.697
692
Gish at bar* and ￿ harnl
426
s￿24
10.116
14.271
426
932
1.240
13,339
126
13,465
8,876
13.556
126
13,682
9.016
13.556
L26
13,682
9.016
3.1)00
3,000
19
10,556
126
10,682
9,016
I$￿e _

Flamstead Pre School
Notes to the Financial Statements
Year ended 31 July 2024
l. General Inforniatlon
The charlty Is a publlc benefit entity and a reglstered charity In England and Wales
and is unincorporated. The address of the prinapal Offi￿ is Willage Hall,
Church Road, Flamstead, St Alban5. Hertfordshire, AL3 8BN.
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 Practlce appllcable to charities preparing their
accounts in accordan￿ with the Flnanaal Reporting Standard applicable in the UK
and Republlc of Ireland (FRS 102) (Charitie5 SORP (FRS 102)) and the Charities
aAct 2011.
Basis of preparntlon
The financial statements have been prepared on the historical cost basis. as
modified by the revaluatlon of certaln flnanclal assets and liabilitles and investment
properties measured at fair value through income or expenditure.
The financial statements are prepared in sterfing. which is the functional currency
of the entity.
Golng concern
The￿ are no rnaterial Un￿rtaIntleS about the charity's ablllty to continue.
Dlsclosure exemptlons
The company has taken the advantsge of the exemption in Firkincial Reportlng
Standard 102 Section IA from the requirement to produce a Cash Flow Statement
and disclosure on Financial Instruments on the grounds that the charity is small.
Judgements and key sources of ￿tIMatIon uncertalnty
The preparation of the Financlal Statements requires management to make
Judgements estlmates and assumptions that affett the amounts reported.
These estimates and judgements are continually reviewed and are based on
experien￿ and other factors, including expectations of future events that are
belleved to be reasonable under the arcumstances.
Income tax
The Pre School is a reglstered charity and accordingly Is exempt from tsxation on
its income and gains whilst they are applied for charitable purposes.
Page 6

Flamstead Pre School
Notes to the Financlal Statements (con(thu•d)
Year ended 31 July 2024
3. Accounting polkles (Lxvrtinual)
Fund accountlng
Unrestricted fijnds 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 trustses for particular
future project or commitment.
Restrirted fund5 are subjerted to restrictions on their expenditure declared by the
donor or through the terrns of an appeal. and fall into one of two sub-da5ses:
restrirted income funds or endowment furKIs.
Incomlng resources
All incoming resources are included in the staternent of financial activities when
entitlement has passed to the tharity: it is probable that the economic benefits
associated with the transattion will flow to the charity and the amount can be
reliably measured. The following specific policies are applied to particular
categories of incorne:
income from donations or grdnts is recognised when there is evidence of
entitlement to the gift, receipt is probable, and its amount can be measured
rellably.
legacy income is ￿CogniSed when receipt is probable, and entitlement is
establlshed.
income from donated goods is measured at the fair value of the goods unless
thls 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 servi
are recognised in the accounts when received if the value can be reliably
measured. No amounts are induded for the contribution of general volunteers.
income from contracts for the supply of Servi￿ is recognised with the delivery
of the contracted service. This is dassified as unrestricted funds unless there is a
contractual requi￿rnent for it to be spent on a particular purpose and returned if
unspent, in which case it may be regarded as restricted.
Page 7

Flamstead Pre School
Notes to the Flnanclal Statements {￿￿thu•d)
Year ended 31 July 2024
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred.
Expenditure includes any VAT which cannot be fully recovered. aFMI is classified
under headings of the statement of finanaal activities to which it relates:
• expendlture on raising funds Indudes the costs of all fundralslng activities.
events, non-charitable trading activities, and the sale of donated goods.
eXpendItu￿ on charltable activlties Indudes all costs incurred by a charity in
undertaklng activltles 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 indudes all expenditure that is neither related to raising funds
for the charity nor part of its expenditu￿ on charitable actlvities.
All costs are allocated to expenditure categories refiectin9 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 t￿SiS.
Operatlng leases
Lease payments are recognised as an expense over the lease term on a
straight-line basis. The aggregate benefit of lease in￿ntiveS is recognlsed as a
reduction to expense over the lease term. on a straight-line basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently ststed at cost less
Tany accumulated depreciation and impalrment losses. Any tangible assets carrled
at ￿valued amounts are recorded at the fair value at the date of revaluation less
any subsequent accumulated depreciation and subsequent accumulated
impairnient losses.
An increase in the carying amount of an asset as a result of a revaluatS0n,
Is recognised in other recognised gains and losses, unless it reverses a charge for
impairment that has previously been recognised as expenditure within the
Page 8

Notes to the Financial Ststements (conunued)
lar ended 31 July 20.
3. k¢ountlng polldes (ConthU￿)
statement of financial activities. A decrease in the carying arnount 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 Ioss ts
shown within other recognised galns and losses on the ststement of financial
artivities.
Depreclatlon
Dep￿CiatIon is calculated so as to write off the cost or valuatlon of an asset,
less its residual value. over the useful economic life of that asset as follows:
Equipment
33.3% straight line

Flamstead Pre School
Notes to the Financial Statements (contthuod)
Year ended 31 July 2024
Impairnient of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the
recoverable amount being estimated where such indlcators exist. Where the
carrying value exceeds the recoverable amount. the asset is impaired accordingly.
Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of Impalrment testing, when it is not Possible to estimate the
recoverable amount of an individual asset, an estirnate is made of the recoverable
amount of the cash-generating unit to which the asset belongs.
The ca5h-generating unit is the smallest Identifiable group of assets that indudes
the asset and generates cash inflows that laryely independent of the cash inflows
from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acqulred in a buslness combination
is from the acqulsltion date. allocated to eath of the cash-generating units that a
experted to benefit from the syneryies of the combination, irrespective of whether
other assets or liabilities of the charity are assigned to those units.
2024
Restricted
funds
2023
Unrestrlcteo funds
Totsl fvnds
Total funds
Donations
Donations
and legacies
7,639
500
8,139
7,331
5. Charitable actlvities
2024
Restricted
funds
2023
Unrestrfcted funds
Total funds
Total funds
Charltable acthiltles
91,179
1,205
92,384
78,429
Page 10

Flamstead Pre School
Notes to the Financial Statements (contlnued)
Year ended 31 July 2024
2024
Restricted
funds
2023
Unrestrirted funds
Totsl funds
Total funds
other Income
Other Income
382
382
2.670
2024
Restrlcted
funds
2023
Unrestricted funds
Total funds
Total funds
Other income
Interest received
61
61
30
2024
Restrirted
funds
2023
Un￿tritted funds
Total funds
Total funds
Cost of other tradlng activities
Cost of other trading
artlvltles
Page 11

Flamstead Pre School
Notes to the Financial Statements (￿￿OnUed)
Year ended 31 July 2024
2024
Restricted
funds
2023
Unrestricted funds
Total funds
Total fvnds
Expenditure on charftable actlvltles
Wages and salaries
80,501
Sub-contractors
599
81,100
75,712
267
Pension contributions
1.142
8,202
1,142
8,202
1,113
8,748
Rent
Accountancy and
professional fees
Material and equipmei
Advertising
Telephone
Recruitment cost
3.219
3.219
3.144
1.891
531
637
528
1,868
696
531
245
245
251
144
144
47
Insurance
848
877
Subscrlption
Training
Donations
914
914
721
246
300
Bank charges
other Offi￿ cost
60
48
118
421
Total Expendlture
97,815
1,236
99,051
94,459
024
Restricted
funds
2.023
un￿Strirted funds
Total funds
Total funds
Depreclatlon of tanglble flxed assets
Depreciation of office
equipment
249
249
235
Page 12

Flamstead Pre School
Notes to the Financial Statements (c¢>nthiued)
Year ended 31 July 2024
11. Cost of ather trading activlti
2024
Restricted
funds
2023
Unrestricted funds
Total funds
Total funds
Cost of other tradlng actlvttles
Materlal and
equipment
11 Independent examlnation fees
2024
Restrlcted
funds
2023
Unrestricted funds
Totsl ftinds
Totsl fvnds
Fee payable to the Independent examiner for:
Independent
examination fees
690
690
690
13. Staff cost
The total staff costs and employee beneffts for the reporting period are
are analysed as follows".
2024
Restrirted
funds
2023
Un￿StriCted funds
Total funds
Total funds
Wages and salaries
Employees beneffts
Employer
contributions to
pension plan
80,501
599
81,100
75,712
1.142
1,142
1113
81,643
599
82,242
76,825
The average head count of employees durfng the year was 7 (2023: 8)
No employee received employee benefits of more than £60.000 during the year
(2023: £Nil).
I￿ Trustee remuneration and expenses
No Trustee remuneration or other expenses were paid during the year
(2023: £Nil}.
Page 13

Flamstead Pre School
Notes to the Financial Statements (cothinuedj
Year ended 31 July 2024
15. Tanglble flxed assets
2024
Restricced
Total
equipment •qulpment
2023
Totsl
equipment
Unrestricted
equipment
Cost
At l August 2023
Additions
2796
2796
2,796
326
326
At 31 July 2024
3,122
3.122
2,796
Depreciatlon
At l August 2023
Charye for the year
At 31 July 2024
2656
2656
2,421
235
249
249
2,905
2,905
2,656
Carrying amount
At 31 July 2023
At 31 July 2024
140
140
375
217
217
140
16. Debtors
2024
Restricted
debtors
2023
Total
debtors
Un￿Stricted
debtors
Total
debtors
Trade debtors
4,730
364
4,730
364
3,708
291
Prepayments
Other debtors
168
693
5.262
5,262
4,692
17. Credltors: amounts falling due wlthln one year
2024
Restricted
Total
creditors credltors
2023
Total
creditors
Unrestricted
creditors
Trade creditors
Other credltors
Accruals and deferred
income
Social security and
Pension
303
300
300
690
690
690
242
242
247
932
300.00
1.232
1,240
Page 14

Flamstead Pre School
Notes to the Financial Statements {contlnu•dJ
Year ended 31 July 2024
18. Long-terni Ilabllltes
2024
Restricted
c￿dItorS
2023
Total
creditors
Unrestricted
creditors
Totsl
credltors
3,000
3,000
3.000
3.000
19. Penslons and other post-retlrement beneffts
The amount recognised in income or expenditure as an expense in relation to
defined contribution plans was £1.142 (2023: £1,113).
20. Analysls of tharltable unreStrIc￿ and restricted funds
01 August 2023
Income Expermliture
31 July 2024
Unrestricted funds
Restricted funds
9.016
99.261
1,705
100,966
(97,720)
11,5801
.99,3001
10,557
125
9,016
10.682
21.Related parties
Trustees who a￿ parents of children at the Pre-school get a small discount
(£5 per day) on the standard charge.
Page 15