BestAccountancy
Providlng accountancy services in Plymouth for over 20 years.
12July2024
The Trustees
Royal Naval Pre-school Le8rning Organisation Iwestern Area)
Independent Examination for tha year ended 30Aprll 2024
1. The fund has been examin8d fortheyear ended 30Apr2024 and accounts prepared. A draft
Trustees Annual Report ffAR) is also enclosed, although the activities section still requires
completion.
2. Once agreed bythe trustees. PDF versions of the accounts and TAR can be provided by
BestAccountancywhich can then be uploaded tothe Charity Commission website atthe
same time as the annual return is completed. There is no requirement to upload this report.
Reports and accounts onthe Charity Commission website are. of course, available for
parents and the public at large to peruse.
3. The account present8d are accurate and supported bya comprehensive range of
documentstion both physical and virtual. Cash is not held.
4. The RNSPLO received local authorlty Inltlalfundingfrom PCC and CCC forthe Summer
Term inApril 2024. this has been determined to include two weeks of the SummerTerm
within th8 reported on financlal year with the rem8inder of the initial funding being treated
as a d8f8rred income forthe following year.
5. The investment held In a CCLA Charities Ethical Investment was worth £100.7K having
gained £7.2k (7.1%} in market value overtheyear. It h8d earned £2.1K in dividends {2.1%}.
6. The trustees have not added to thi5 investmentthroughout the financialyearto April 2024
8nd we are unaware of anywishes to add to it in the future. at this point. HoV￿ver, as the
General Account has not been below £125Kthroughout this financial year it may be
beneficialfor some of this amount to betransferred into the Investments in the next
financial yearto take advantage of the higher returns.
7. Local authorityfunding has Increased by 22%to £310.7L
8. Income from parents has increased ty 1.70h to £212K.
9. Amounts received for Hot Meals in the Plympton, Radford. Goosewell and Wideweii
settings for the year was £4.4K however there was a small loss of £450 overall.
Dlrectorn: Mrjohn 8esL Mrs Angela best
Lkensed arKI Re8ulated by the As50claUon of
AccountI￿TeChn￿1aft$
Compwry Number. (W7963
Unft 103. The Ape)L Derrilord Bu51ness Part
Brest Road, Myrno￿ PL6 5FL

BestAccountancy
Providing accountancy services in Plymouth for over 20 year5.
10. Wages and associated cosls increased in year by9.8% to £380K. This includes the
Redundance Payout of £2Ktothe previous in-housefinance team member.
11. There is also an increase in Agency Fees of 18.9%to £9K.
12. The PSLOfund was made up of four sub funds:
a. The General Fund was Worth £ 206.4K.
b. The Foundation Degree Fund Is 8 restrlcted fund and was worth £292. There has been
no movement on thisfund in the financialyeartoApril 2024.
c. The Groups, Fund (formerly Entertainments Fund) held £745. There has been no
movement on this fund in thefinancialyearto Apri12024. This is a designated fund as
the money belongs to the RNSPLO, but as it was achieved through fund-raising
activities it must be ring-fenced forthe purpose that it was raised for.
d. The Healthy Eating Fund. This is a designated fund as it is ringfenced lorthegarden
projecl. It held £1 K atyear end. As a designated fund. thelrustees can. iftheywish.
decide to absorb it into the main fijnd.
Summary
13. Thefund was worth £206.7K having made an operatinggain of £3.4K plus a furthergain on
investments of £7.2K. Banked assets of £184.8K easilycovered liabilities of£85.6Kwlth a
further £100.7K held in the investment.
Dlr•¢¢ors: Mrjohn M Mrsw Best
Lkensed and Re8uJated ty the Assoclaiion of
ACcountl￿TethnI￿ans
Unll 101 The hFU Derrlford Bts51ness Par
arest Road, plYn￿ PL6 5

ROYAL NAVAL PRE-SCHOOL LEARNING ORGANISATION IWESTERN AREA)
TRUSTEESANNUAL REPORT
Charity Registration no.:
1040329
Covering the Accounting Year: 1 May 2023 to 30 April 2024
Address:
1 Tiverton Close
Widewell
Plymouth
PL6 7EN
Governing Document:
Constitution {adopted as on 7June 1994 as amended on 26
February 2006)
Objective:
To advance the development and education of preschool
children and in furtherance of this objective. To provide a safe.
healthy. happy and stimulating environmentto engenderthe
development of children through play: To treat all children in a
positive way and respectthem as unique individuals and allow
them to develop at their own pace: To encour8ge parental
involvement whenever possible, while leaving the choice to the
individual adult," To provide a range of topics and activities to
promote the development of each child's individual need through
a planned curriculum forthe foundation stsge.
Mr R Talbot (Chair)
Mrs W Rees
Mrj Reid
Mrs Moulton
Trustees:
Trustees are selected by recommendation from existing trustees,
inter4iew, and instruction and then proposed at the next Trustees
meeting.
Bankers:
Nationalwestminster Bank
14 Old Town Street
St Budeaux
Plymouth
PL11DG
Independent Examiner:
John Best MA4T
BestAccountancy Services (Plymouthl Ltd
Unit 103, The Apex
Derriford Business Park
Plymouth
PL6 5FL

The fund was worth £206.7K having m8de an operating gain of £3.4K plus a further gain on
investments of £7.2K. B8nked assets of £184.8K easily covered liabilities of £85.6K with
further £100.7K held in the investment.
The Trustees had placed £100K in the CCLA Charities Ethical Investment Fund to earn Income
and benefit from market growth, although £50K was withdrawn in Feb 18 to help cash flow. The
remaining units had reached a market value of £100.7K in Apr24, albeit after loslng a little of
th8irv8lue overthe year. Dividend income was £2.1 K.
The Trustees have considered th8 level of reserves they wish to retain appropriate to the
charity's needs and these are held in the Investment. These needs include future building
projects. The trustees aim to ensure that the charity will be able to continue to fulfil its
charitsble objectives even if there Is a temporary shortfall in income e.g., adverse demographics
in the area, unexpected expenditure or a pandemic. Reserves are generated by parental paid
fees. as opposed to Government funding, which may only be utilised in accordance wlth Ofsted
regulations.
The Trustees actively reviewthe major risks that the charityf8ces on a regular basis. The m8jor
riskwould be a radical change of policy by the Mlnistry of Defenc8. This has been assessed and
is covered by the Service Level Agreement between the charity and the Ministry of Defence.
Other risks centre on the change in numbers of children in the area 8nd competition from other
preschool facilities, some government funded, in the area. The trustees have examined the
major strategic, business and operational risks which the charity faces and confirm that
systems have been established to enable regular reports to be produced so thatthe necessary
steps can be taken to lessen these risks. Low levelV￿lfSre statistics are recorded and
procedures are in place to record health and safety, safeguarding and risk factors.
This fund provides public benefit by advancement of the education of pre-school children. I
confirm that I have p8id due regard to the Charity Commission of England 8nd Wales's guidance
on publlc benefit when deciding what activities the charlty should undertake.
I declare in my capacity of charitytrustee, that
. The trustees have approved the report above; and
Have authorised me to sign it on their behalf.
Trustee

RN PRE-SCHOOL LEARNSNG ORGANJSATION (WESTERN AREA
BAiANCE SHEET at 30 April 2024
Fixed Assets
Nots
2024
Computer Equipment
lfjtchen Appliances
Investment
1,745.00
222.46
£ 100,687.85
£ 2.990.00
£ 93.524.03
£ 102,655.31
£ 96,514.03
Current As80ts
Debtors
Bank Account
£ 6,497.
£ 184.841.31
£ 191.339.27
£ 2,368.00
£ 197,179.08
£ 199,547.08
Liabilities
Cr&ditor8
£ 85.558.04
£ 99 421.42
Net CU￿nt Assets
£ 105781.23
£ 100,125.66
Total ￿Sets
£ 208,436.S4
£ 196,639.69
Represented by..
General Fund
Foundation ￿re& (Restricted Fund)
Heafthy Eating Fund (Des*Jnated)
Groups IDe$ignat•d Fund)
£ 206,412.49
291.75
987.08
745.22
£ 208.436.54
£ 194,615.64
291.75
987.08
745.22
£ 196,639.69

RN PRE4CHOOL LEARNING ORGANISATION IIVESTERN AREA)
STATEMENT OF HNANCIAL ACnVmES at 30 April 2024
In
L• Unr•8trletsd F￿ndS R•8trlct8d FwM15
Yeor to
310.735.33 È
217,123.16 £
2,125.31 £
£ 310.735.33
£ 217,123.16
£ 2.125.31
£ 241.763.95
£ 218,799.47
£ 2,875.31
CharitsbfeActiviti
knvestmwt Incomt
Totsl IrKome
529,983.80 £
£ 529.983.80
£ 463.438.73
Raising FutKIs
Charitable ￿ti￿￿e•
28.19 £
528.546.44 £
26.19
£ 526.$48.44
917.10
£ 493.403.56
Tot81 Exk￿ditrjre
S26,572.63 £
£ 526.572.63
£ 494.320.66
Net CyeratirrfJ ProfiVLo
3,411.17 £
£ 3,411.17
-£ 30.881.93
Garn51Losses on Investsnents
7.163.10 £
7.163.10
Ntrt Expenditu
10,574.27 t
£ 10,574.27
4 32.911.22
Totsl Flmds Brought Forward
195.838.22 £
291.75 £ 198,129.97
£ 229,550.91
Total Funds Carried Fcyward
208.412.49 £
291.75 £ 206,704.24
£ 196,639.89
Not• 1- Accountln
Theffin3Thc1￿ statémtntsare Pfepared under the histwictost conventkn las M￿YIfied by the revaluatlon of fixed assetln¥estrnentsl
and in ac￿rdanCe ap￿Icable accO￿ntIngS￿￿dardS.
char￿e5statement of Rècommènded Practiet efftttive 2019 and the ky0￿$bon$ of the Cho￿1[e$A¢ts. $18nlflcant pollcles >Yopted are..
Incomlng Resources
Donatlons are Induded in the Statement of Flnandal ActI￿tIeS ISOFAI whenthefvnd becomes e￿￿tled tothe don￿0￿ or yant ènd
it is reasonably ¢ert*n thèt itwill be ￿¢eNed.
Ir￿mIng iesourtrs from lundralslngare reported 8ross In theSOFA
Int￿81b)e Inci¥ne Is Dot Incl￿e￿ in the accounts
The receives no ￿n￿l￿Volunteer helpt alth￿&h staff members mèy occasfjonalty work wlthout paywhtn triallin8 newschemes
ExpEnditure and ￿￿lItie$are reco8nised as soon as there isa legal u constructlveobllgatfjon commlttln8 thefund to the expendfture
Assets- Tanwble ¥ssets•re ¢•pi1o1ised if thty<an be usedfr>r more than one year and cost èt least£15th They are valuèd at costor¥
reasonable value cffj rectlpL The fund does not have a pollcyof revaluation.
Depr￿l¥ll0n 15 annu3lly4 5tr¥ith line and overtheesbmated life ofthe iiem

RN PRE4CHOOL LEARNING ORGANISATION (WESTERN AREA)
S- Tan Ibl FIX
ComwtsEqUipm￿rt at 30 Apr 23
£ 4,235.C
2.490.00
1,745.00
Kltcl*i Applwnw at 30 Apr 23
Oepwabon
Kiiehan ApFthan￿ 0130 Apr 24
£ 444.93
-£ 222.47
£ 222.46
Comwter EquIp¥n￿t at 30 Asy 24
- Intan
ble Assets
Th8 offi¢e 8nd ptrschxjl venues are kyowdad bythè Ministry of Defwhce ￿ eXd￿ge forwovk11ng pr¢-$L*tsJl seThke
to the naval Lvnmunity
7.PaldEm
Chanty has paid employaès, Numbers reduced aTrJ e￿ at 28 at 8ntJ. All ww¢ ompbyed dlrecdy cn the charws oti*bves.
NO￿￿￿rt paid in excess of £60,000 In thls yeor or la$l.
staff w￿¢0$($ ¥4tre £427,e25 (p￿￿Ou￿ year £418,$631
EmFAW$ Nats'onal In$uTrnce costB We￿ £17,162 IpmwtrJ$ yg¥£15,868)
ot•8-Tntst•• and OthÈr Related Partles
No expenw fx w¢4uments h8ve beEn pald to t￿ Tn
The￿ no amtxnts due to cf from thè TnJst•es
8nts
Prepaymenl Card
Prepayrnents
449.14
6,048.82
£ 8,497.98
10- Cr•diiorn and AccnJal8
Tradè Crèditors
Creditcar
Per)sKm5 P8y¥We
PAYE Payable
908.55
31.90
1.871.44
£ 3,8OZ27
£ 78,847.48
596.40
£ 85.558.04
Accruals

RN PRE.SCHOOL LEARNING ORGANISATION IbYESTERN AREA)
4- Ex •ndlturn
R•l8lng Funds
28.19
Pi:,
917.10
Charitable ActSvltSgS
Op•rntlng Costs".
Wage$ 8 N8lkN)al Insurance
Pen&0
Agancy Stsff
Registration & S¢Jbscripts'ons
D8S Checks
Water
Hot K4&al C8t8rlng
Domèsti¢
Towel& Glove$ &tc
W8St6 Blns
Equir￿eThI
Repairs & Ren￿ls, Gr8ss¢u¢tlng
Healthy EatitvJ Project
Goosewell S¢hoc4 (Renl & Rat•81
St¢rage
Insurancè
Entert¥ir￿*ftt (Grwps Fund)
Gwt Funded Expendilure
DAF Costs
TrainiThJ
Clas￿00M RescMJrc*s
Mis¢ Expen8es
Govem•n¢e ¢08t8:
Indpendenl Examination Fees & AcLountancy
Professional kni
8￿pport Costs:
4Jministratlon Wages
Pensic￿S
R8dundan¢y Pa¢kage
SagalSoftwar*
Print, P08L StstKThry
Tr8vdllrtrg Expense¥
Telephonellnternet
Untform
Bank Charges
Gifts & Flowers
Dep￿181JC
£ 373,216.13
6,914.65
9,104.36
4,849.02
323.20
1,845.30
6,559.12
2.988.43
236.97
1.1%.75
378.95
2.625 19
£ 337,706.01
5.C*5.16
7,385.59
£ 10,147.24
597.20
1,773.58
9.271.88
2,369.37
4,981.87
650.79
2,232.68
3.531.15
24.50
1,4C*.95
3,445.53
633.22
2,130.82
183.00
2,015.28
2.074.74
103 62
1,346.71
892.00
5,574.12
1,671.22
540.34
6,578.40
1.404.C¥)
650.00
£ 71,570.46
1,342.90
£ 67,000.70
f,2e6.70
£ 13.857.02
4,158.84
3.556.29
1,435.96
6,864.31
655.72
188.20
280.22
7.245.00
3,390.00
2,226.11
1.586.83
9.660.47
260 24
642.30
1.467.47

RN PRE4CHOOL LEARNING ORGANISATION IWESTERN AREA)
Note 2 - Inv•stm•nts
CCLA Charities Ethul lTrveBlmgnt
Golnlo8s In Mark•t Value
£ 93,524.03 at 30 Apr 23
7,163.10
£ 100 687.13 at 30 Apr 24
Unrnstricted Funds
Note 3- Jncom•
2024
2023
Grnnts..
Eorty Year Grant5
Trnlnlng Grants
Other Grnnts
£ 309,885.33
£ 241,563.95
200.00
£ 310,735.33
£ 241,763.95
Charltsbl• A￿1VItI8•.
F4aygtDup Fees
Hot Meals
En1￿￿1nrn8nt {Group5 Fund51
Unifomi Contritwtion8
£ 212.240.96
4.382.20
£ 208.530.86
9.801.16
207.95
259.50
5W.00
£ 217,123.16
£ 218,799.47
Inve8trnent In¢MI•'.
Diwdend
2 125,31
2.875.31
T¢)tal Income
£ 529,983.80
£ 463.438.73