Letter of representation To James Comer FCCA, ARC & Co Accountants Limited
Dear Sir Management representation letter The following representations are made on the basis of enquiries of management and Staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity's financial Statements for the year ended 31 July 2025. These enquiries have included inspection of supporting documentation, where appropriate, and are sufficient to Satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. General 1. We acknowledge that the work performed by you is substantially less in: scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion. 2. We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006. 3. We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 July 2025 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006. 4. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter under the Charities Act 201 1, for preparing financial statements in accordance with applicable law and [eg. United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice)], for being satisfied that they give a true and fair view and for making accurate representations to you. 9. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 6. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the Charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with the Charity Commission. 7. The financial statements are free of material misstatements, including omissions. Assets and liabilities 8. The charity has Satisfactory title to all assets and there are no liens or encumbrances statements.on the charity's assets, except for those that are disclosed in the notes to the financial 9. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
Charities Independent Examination Manual
25/03/2025
- We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or Classification of assets and liabilities reflected in the financial statements.
Accounting estimates 11. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, . measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. Loans and arrangements 12. The charity has not granted any advances or credits to, or made guarantees on behalf of, trustees other than those disclosed in the financial statements.
Legal claims 13. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. Laws and regulations 14. We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose effects should be considered when preparing the financial statements. Related parties 15. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial Statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with regulatory, legislative and accounting standard requirements. Subsequent events 16. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern 17. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We also confirm our plans for future action(s) required to enable the charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial Statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements. Grants and donations 18. No grants, donations and other income have been received which were subject to specific terms or conditions.
Yours sincerely Signed on behalf of the board of trustees Datenicht| O4 [2926
Charities Independent Examination Manual
25/03/2025
Registration Number: 02919558
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Registered Charity No: 1055656
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Trustees Report and Financial Statements for the Year Ended 31 July 2025
for Broadlands Pre-School Centre
Broadiands Pre-School Centre Contents of the Financial Statements for the Year Ended 31 July 2025
| Page | |
|---|---|
| Legal and Administrative Information | i |
| Trustees Report | 2-3 |
| Independent Examiner’s Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| NotestotheFinancialStatements | 7-11 |
Broadlands Pre-School Centre Legal and Administrative Information for the Year Ended 31 July 2025
STATUS Broadlands Pre-School Centre is a registered charity (Registration No. 1055656). It is also a registered company, limited by guarantee without share capital under the Companies Act (Registered No: 02919558) The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those articles, the members of the Management Committee are elected at the AGM for an unspecified period, subject to ratification at each.
TRUSTEES:
TRUSTEES: James Bright (joint treasurer until 14 January 2025) Rose Bright (left 15 September 2024) Rachel Brookes (joined 9 July 2025) Katharine Doherty (treasurer) Kate Greenwood (joined 9 July 2025) Imogen Gravenell Helen Hobson (left 14 January 2025) Clare Hope (Chair to 21 July 2025) Victoria Newman (left 14 January 2025) Malgorzata O’Gorman (joined 22 September 2024) (Chair from 13 January 2025) Andrew O’Gorman (joined 22 September 2024) Sophie Phipps (joined 11 September 2024) Louisa Seal (left 12 January 2026) Hannah Kotwell (joined 4 March 2026) Sophie Longmore (joined 8 September 2025) REGISTERED NUMBER: 02919558 REGISTERED CHARITY NO: 1055656 SECRETARY: Victoria Newman (left 14 January 2025) Sophie Phipps (from 14 January 2025) REGISTERED OFFICE: Burrows Field Moorend Grove Leckhampton Cheltenham GL53 0EX MANAGER K L Pritchard INDEPENDENT EXAMINER: James Comer FCCA ARC & Co. Accountants Limited Northfield House Bentham GLS1 4UA BANKERS: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ HSBC UK The Cross Gloucester GLI 2AP The Charity Bank Ltd Fosse House 182 High Street Tonbridge TN9 IBE l
Broadlands Pre-School Centre Trustees Report fov the Year Ended 31 July 2025
‘The trustees present their annual report with the financial statements of the company for the year ended 31 July 2025,
OBJECTIVES AND ACTIVITIES The objective of the company under review is to advance the education of[children][below][the][compulsory] school age by the provision of a play centre for such children, The Board of Trustees confirm that they have complied with their duty in Section 4 of the Charities Act 2006 to have due regard to public benefit guidance by the Charity Commission for England & Wales, ACHIEVEMENTS AND PERFORMANCE Back in September 2024, we thought we were beginning the academic year in a good position in terms of occupancy, Tuesdays, Thursdays. and Fridays were almost full. with a good balance of Preschool and Rising 3°s. The Monday and Wednesday sessions were slightly quieter, but numbers were stil! heathy. Unfortunately, this took a significant down turn with a number of families cancelling their spaces last minute orjust not turning up. We have managed to fill the majority ofthese spaces across the academic year but this has left us with a financial deficit that we had not planned for. We have now changed our admissions procedure to include a deposit to hopefully av oid this issue going forward. Across the summer we held 2 open days which were very well attended, we feel this helped the new children particularly to be able to become comfortable with the setting prior to starting.
“PE Steve’ sessions continued to be a huge hit, sessions were increased to three across a fortnight to allow access to more children, as well as a hugely successful sports day.
We have also invited parents to our larger scale Christmas party, into the setting fora cake sale, Father's and Mother's Day celebrations and for a picnic following sports day, all were well attended, and positive feedback was received.
We began the year with a full staff team which meant a good start for all however we end the year ina slightly poorer situation with a staff member on long term sick and Michelle leaving us al the end of the term. We have plans in place to recruit with a solid set of applications so far and have successfully appointed an apprentice ready for the new academic year.
We have seen our second shade sail be installed this year to help us access the garden in these warmer months safely and also had our gate moved to help parents and children exit the premises safely without entering straight onto the carpark,
We are full on a Tuesday. Thursday and Friday for September 2025 and only have a lew remaining spaces for Mondays and Wednesdays. We also have a large number of registrations for September 2026 and some for September 2027. The setting continues to go from strength to strength and with ongoing improvements | hope the success Will continue into the next academic vear.
Thank you to all the staff for their dedication and continued support ofthe setting.
RESERVES AND FINANCIAL REVIEW
2024/25 has been a challenging financial year due to the combined impact ofthe NICs rises for employers and inereases in government funded hours available to parents of rising 3s, Government funding did not increase substantially for either preschoolers or rising 3”s. Net loss for 2024/25 is £1 1.828. Compared with last year, when a £22.484 profit was recorded, this is significantly limiting for the setting, with the committee needing to take steps to ensure financial viubility of the preschool is maintained and we are able to reward staff for their hard work and commitment with a pay rise beyond the statutory minimuin,
‘The fee and funding structure will be altered for the 25/26 educational year, with hourly fee inereases, a new voluntary contribution (£12 per day enrolled), and a revision to provision of funded hours (to provide a maximum of 6 funded hours from 9.30-3.30 each day). The setting is alse proposing to take on an apprentice to increase staffing resilience. Taking these changes into account, the forecast for next year’s budget (assuming no additional large expenses extraordinary to the standard budget) is predicted to be -£10,000 surplus, however we will need to keep this under review.
ial
Broadlands Pre-School Centre Trustees Report (continued) for the Year Ended 31 July 2025
With this in mind staff pay rises of 2.5% have been introduced from Ist August 2025 following further review, taking the pay uplift to over 6% for all staff from the April 2024 position. Going forward the committee agreed to review salaries in July in conjunction with fees and funding rates, to set out a financial year operating model for the forthcoming year based on the performance to date. The majority of expenditure is in staff wages, and with staffing changes in the latter part of the year some of the loss we were expecting has been mitigated. The setting has not been at capacity which has impacted the income revenue.
Extracurricular sports activities provided by PE Steve (Supafit Sports) have continued to prove successful and have been offered at 3 sessions fortnightly as well as for the annual sports day.
Setting improvements have been carried out including the repositioning of the access gate for safety reasons, an additional sunshade, and removal of the willow tree due to wasps.
TRUSTEES
Company and Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and ofthe[surplus][or][deficit][of][the] charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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- make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees have overall responsibility for ensuring the charity has appropriate systems of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER The trustees recommend James Comer FCCA remains in office to carry out an independent review of the accounting records and provide an independent opinion. This report was approved by the Trustees on... At Apnl 2a26 | and signed on their behalfby AMTCORCATAbe | OI GDEMAN> fq| — Chair of the Board ofTrustees
Date: col $O4] A026
Broadlands Pre-School Centre
Independent Examiner’s Report to the trustees of Broadlands Pre-School Centre For the year ended 31 July 2025
| report to the charity trustees on my examination of the unaudited accounts of the company for the year ended 31 July 2025 which are set out on pages 5 to I1,
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying oul my examination, | have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent Examiners Statement
| have completed my examination. | confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006: or
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the accounts do not accord with such records: or
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the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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,
James Comer FCCA
ARC & Co. Accountants Limited Shurdington Road Bentham Gloucestershire GLS51 4U0A
4
Broadlands Pre-School Centre Statement of Financial Activities For the Year Ended 31 July 2025
| Income and expenditure | Unrestricted Funds |
Unrestricted Funds |
|
|---|---|---|---|
| Notes | 31.07.25 £ |
31.07.24 £ |
|
| Income from: | |||
| Charitable activities Other trading activities Investments |
2 3 4 |
136,575 498 339 |
131,129 1,507 1.184 |
| Total | 137,412 | 133,820 | |
| Expenditure on: | |||
| Raising funds Charitable activities |
3 6 |
- 149,240 |
211 111,125 |
| Total | 149,240 | 111,336 | |
| Net (expenditure)/ income and net | |||
| movement in funds | (11,828) | 22,484 | |
| Reconciliation offunds: | |||
| Total funds brought forward | 123,158 | 100,674 | |
| Totalfundscarriedforward | 111,330 | 123,158 |
Continuing operations
None of the company's activities was discontinued during the above two financial years.
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to || form part of these accounts.
The notes form part of these financial statements
5
Broadlands Pre-School Centre Balance Sheet At 31 July 2025
| Notes | Unrestricted | Unrestricted | |||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 31.07.25 | 31.07.24 | ||||
| FIXED ASSETS | £ | £ | £ | £ | |
| Tangible assets | 9 | 24,357 | 22.085 | ||
| CURRENT ASSETS | |||||
| Debtors | 10 | 8,687 | 2,777 | ||
| Cash at bank | 80,475 | 100,602 | |||
| 89,162 | 103,379 | ||||
| CREDITORS | |||||
| Amounts falling due within one year | I | 2,189 | 2,306 | ||
| Net current assets | 86,973 | 101,073 | |||
| NET ASSETS | 111,330 | 123,158 | |||
| FUNDS | |||||
| Unrestrictedincomefunds | 111,330 | 123,158 |
For the year ending 31 July 2025 the company was entitled to exemption from audit under szction 477 ofthe Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP.
ON BEHALF OF THE BOARD:
Katharine Doherty
Registered in England & Wales
Company no: 02919558
The notes form part of[these][financial][statements]
6
for the Year Ended 31 July 2025
Broadlands Pre-School Centre
- Accounting policies
Accounting convention
The financial statements have been prepared under the historical cost convention and on a going concer basis in accordance with Accounting and Reporting by Charities: 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) (effective | January 2015) — (Charities SORP (FRS 102) and Companies Act 2006.
Broadlands Pre-School Centre meets the definition ofa public benefit entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Income
Turnover represents the amount received in respect of fees, donations, grants and fund-raising events gross of expenses during the year.
The charity receives government grants in respect of childcare. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
Income from investments is included in the year in which it is receivable.
Expenditure Resources expended are recognised in the year in which they are incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities, It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Staff costs are in accordance with H M Revenue and Customs legislation currently in force.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the charity during the year. The regular cost of providing retirement pensions and related benefits is charged to the Statement of Financial Activities over the employees’ service lives on the basis of a constant percentage of earnings using the government auto enrolment scheme.
Leasing Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value.
Tangible fixed assets and depreciation Tangible fixed assets costing more than £500 are capitalised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings —5 years straight line
The notes form part of these financial statements
7
Broadlands Pre-School Centre Notes to the Financial Statements for the Year Ended 31 July 2025
Accounting policies (continued)
Taxation
The company is a registered charity and is exempt from taxation in accordance with the provisions of[section] 505(1) of the Income and Corporation Taxes Act 1988. The charity is not registered for VAT’.
Going concern
The trustees have reviewed the ongoing future ofthe[charity][and][consider][that][there][are][plans][in][place][to] continue the charitable company’s trustees’ operation. There are no material uncertainties that may cast significant doubt on the charitable company’s trustees’ ability to continue as a going concern,
Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
2. Charitable activities
| Unrestricted Funds |
Unrestricted Funds |
||
|---|---|---|---|
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Local government childcare grants | 97,034 | 97,190 | |
| Fees receivable | 39,409 | 33,939 | |
| Training course contribution | 132 | . | |
| 136.575 | 131,129 | ||
| 3. | Other trading activities | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Other fundraising activities | 498 | 1,507 | |
| 4. | Investment income | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Depositaccountinterest | 339 | 1,184 |
3. Other trading activities
The notes form part of[these][financial][statements]
8
Broadlands Pre-School Centre Notes to the Financial Statements for the Year Ended 31 July 2025
5. Raising funds
| 5. | Raising funds | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Costs offundraising | " | 211 | |
| 6. | Charitable activities | ||
| Unrestricted Funds |
Unrestricted Funds |
||
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Materials Activity costs |
2,336 1,621 |
1,358 1,714 |
|
| Support costs — Note 7 | 145,283 | 108,053 | |
| 149,240 | 111,125 | ||
| 7. | Support costs | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| StaffCosts | 117,849 | 90,224 | |
| Rent & Rates | 2,530 | 2.412 | |
| Insurance | 1,293 | 1,248 | |
| Telephone | 711 | 529 | |
| Printing, postage& stationery | 328 | 115 | |
| Repairs& renewals | 1,894 | 305 | |
| Light& heat | 3,413 | 3.033 | |
| Subscriptions & licences | 401 | 255 | |
| General expenses | 1,466 | 1,709 | |
| Garden expenses | 2,937 | 440 | |
| Cleaning and clothing | 1,187 | TAR | |
| Training | 1,676 | 248 | |
| Depreciation | 6,854 | 3,572 | |
| IT costs | 626 | 983 | |
| Professional fees | 786 | 973 | |
| Accountancy | 1,212 | 1,164 | |
| Bank charges | 120 | 95 | |
| 145,283 | 108,053 |
The notes form part of these financial statements
9
Broadlands Pre-School Centre Notes to the Financial Statements for the Year Ended 31 July 2025
8, Employees
Number of employees
- The average monthly headcount was 7.8 staff (2024 — 7.3 staff), all were employed as Pre-School supervisors and staff.
Employment costs
| Employment costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 114,921 | 88,875 |
| Social Security costs | 1,059 | - |
| Pension costs | 1,869 | 1,349 |
| 117,849 | 90,224 |
No employee earned more than £60,000 in the year. (2024 - NIL) None of the trustees received any remuneration in the year (2024 - NIL). The charity paid £229 for trustees” indemnity insurance (2024 - £229) The trustees and manager are considered to be the key personnel of the charity. 6 trustees were the parents of children attending the setting. (2024-6)
9, Tangible fixed assets
| Fixtures and fittings | Total | |
|---|---|---|
| £ | £ | |
| COST | ||
| At 1] August 2024 |
95,228 | 95,228 |
| Additions | 9.126 | 9,126 |
| At 31 July 2025 | 104,354 | 104,354 |
| DEPRECIATION | ||
| At 1 August 2024 |
73,143 | 73,143 |
| Charge for year | 6,854 | 6,854 |
| At 31 July 2025 | 79,997 | 79,997 |
| NET BOOK VALUE | ||
| At 31 July 2025 | 24,357 | 24,357 |
| At31July2024 | 22,085 | 22.085 |
The notes form part of[these][financial][statements]
10
Broadlands Pre-School Centre for the Year Ended 31 July 2025
10. Debtors
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Prepayments and accrued income
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| 31.07.25 | 31.07.24 |
|---|---|
| £ | £ |
| 8.687 | lec |
| 11. | Creditors: Amounts falling due within one year | ||
|---|---|---|---|
| 31.07.25 | 31.07.24 | ||
| £ | £ | ||
| Othercreditors Accrued expenses |
965 1,224 |
08 1,212 |
|
| 2,189 | 2,306 |
12. Obligations under operating leases
Following a rent review, the rent payable from 0! December 2021 to 30 November 2031 was fixed at £5,000 per annum, discounted at 65% for 5 years from 2022.
At 31 July 2025 the charity had annual commitments under non-cancellable operating leases as follows:
Land and buildings
| 2025 | 2024 | ||
|---|---|---|---|
| Operating leases which expire: | £ | £ | |
| Within | year | 1,750 | |
| Within | 2 —5 years | 10,250 | 10,250 |
| Over 5 | years | 24,000 | 25,750 |
| 36,000 | 37.750 |
13. Capital commitments There were no capital commitments at 31 July 2025 (31 July 2024 - NIL).
14. Company status
The company is registered under the Companies Act 2006 as a company limited by guarantee. The company claims exemption under Section 60 from using "limited" in its name under the conditions existing in Section 62. The members of the company are the trustees named on page 1. Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the Company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for payment of the company’s debts and liabilities contracted before he or she ceases to be a member and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. 15. Going concern The trustees have identified no material uncertainties that would affect the company’s ability to continue as a going concern. The trustees are planning for the future to ensure the company is ready to react to a changing environment, The fee and funding structure will be altered for the 25/26 educational year with hourly fee increases, a new voluntary contribution and a revision to the provision of funded hours.
The notes form part of these financial statements
I