CHARITY REGISTRATION NUM8ER:1080119 Odiham Pre-school (Leapfrogs) Chairperson's Report Trustees Report and Unaudited Financial Statements Year Ended 31 August 2024 Odiham Pre-school (Leapfrogs) Chalrperson's Report, Trustee8 Report and Unaudited Financial Statement8 Year Ended 31 August 2024 Pago8 Chairperson's Report 1to2 Trustees, Annual Report 3to6 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10t012 Odiham Pre4chool (Leapfrogs) Chairperson's Report Year Ended 31 August 2024 Leapfrogs continues to operate a busy and popular role in the community of Odiham. Pre-school was visited by Ofsted in May 2023, and received a judgement of 'good' in every category. Staff were complimented on their good use of routines, modelling of healthy behaviours, and the way children felt safe and well-supported in their leaming including those with SEN. Excellent transition routines with the infant schools was also a notable comment from parents who completed questionnaires ahead of the visit. The summer of 2023 saw an enjoyable pre-school trip to Millevs Ark Fam which was well-supported by staff. and a thoroughty enjoyable Super Pirates party ended the summer term. wrth Covid now behind us the committee have been pleased to resume faCe-ttrf2￿ meetings, which we hope will encourage greater participation from a wider group of parents going forward. Enrolment Numbérs have been steady throughout the year, with 50-60 chlldren on role at different points In the year. Teddy Class was full in September 2023 with a small waiting list which demonstrates the desirability of the setting. There is an expectation that we will see increased applications for 2 year old pla￿S when the government funding for this age group is rolled out, and this will require careful management to maintain healthy numbers moving up to Caterpillar dass. Staff Laura went on matemity leave, and during this lime additional admin staff were hired to assist in the office to allow Tracy to be in the dassroom more, although unfortunately due to an injury sustained at home, she was forced to leave at short notice. Larissa and Laura were given positions as deputies. which will assist Tracy invaluably. We also said f8￿well to Katie who had been on placement from Alton College but had been an asset to the team. un ralsln This has been a busy and effective year for fundraising, lead by Rebecca Gc#Jdard and supported by many of the committee members. Summer 2023 was inilially less effective with fewer village events attended, but fijndraising began again in earnest from Ihe Autumn term, starting with a rame and tea and coffee sales at the Autumn event in the church. The Christmas Extravaganza was a very effecttve fundrdiser, well-SUPPOrted by donations from local businesses, and a sta51 which was consistently busy. The set up of a fvndraising bank account and the purchase of a credit card reader simplified this for the treasurer. Fundraising for the Easter Fun Day event raised sufficient funds to allow pre-school to bring in duck eggs in an incubator, so the childfen were able to watch the hatching process.. something that was enjoyed by all. Plans are in place to capitalise on the many village activities taking place over summer 24, but it has been recognised by the committee that much greater parental involvement of those outside the ¢ommÉttee is necessary to staff stalls and source resour￿5 for ongoing fundraising efft)rts, t)oth of which are becoming increasingly challenging with only staff and commÉttee input. Odiham Pre-school (Leapfrogs) Chairperson's Report Year Ended 31 August 2024 Flnance8 The T￿asurerfs report accompanying this will provide further details about setting's fInan￿S in relation to fees, wages, and balance sheets. Durlng thè year, several substanb.al donations were received from businesses such as Top Soil. and the ongoing support of Odihain Consolidated Charities and the Parish council continued to be helpful. however we were unsuccessful in gaining fvnding via the RAF despite the high number of service children in the setting. Lucy Hyde has now cemented her position as treasurer. Clive Manby once again agreed to complete the Charity Commission Tax Relum, but an altefnative will need to be found for this role going forward. Tracy Bodimeade and the committee have continued to discuss the need to increase fees and consumable, partially in response to the impending increase in 2 year old fttnding which runs the risk of exacerbating the shortfall created by the gap be￿een our fees and Govemment 3 and 4 year old funding. Discussions on how best to manage enrolment and fund&l places will continue in the next academic year. Grounds Bulldin nd Admln It is an ongoing challenge to maintain the standards in the pre•school grounds. A grounds day was can￿lled in November due lo the lack of parental availability, but another day is planned for the Spring. A need was recognised to improve the website so that it has rn0￿ functional use for parents. This Is something that will need to be revisited in the new year. Tracy has sought assistsnce with repairs to the outside covered are in Teddy dass but it is proving difficult and expensive to get somebody to complete the work, This will have to be revisited in the new year. Future The setting continues to operate very effectively. supporting and developing new learners and preparing the older children brilliantly for their onward education. Threats to the seth'ng including lower levels of parental participation in fundraising, uncertainty about the impact of a rise in Government- funded hours and the potential change in the number of 2 years old in the setting 15 something that will also need to be managed carefully going forward. On behalf of the committee I would like to exlend huge thanks to Tracy and the rest of the staff for their unfailin9 energy and care for their young leamers- their efforts are hugety appreciated by the families of all of the children. Odiham Pr8￿chool (Leapfrogs) Tru8tses' Report Year Ended 31 August 2024 The Trustees have pleasure in presenting their Annual Report and Unaudited Financial Ststements for the year ended 31 August 2074. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 of the accounts. They cnmply with the Charity's governing document, the Charities Act 2011, and the Accounting and Reporting by Charities.. Statement of Recommended ("SORP'), applicable to charities preparing their accounts in aKordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland. Reference and admlnl*tratlve detslls Charlty r•glstratlon number 1060119 Altsrnatlve nama Odiham Community Pre-school ILeapfrog5) Governlng document Constitution adopted 8 October 1996 Prfnclpal addr￿8 Odiham PTrSchool Rec￿atIon Road Odiham Hook Hampshire RG29 1NU Trustees Tracy Bodi￿ade Sarah Campbell (Chair) Lynne Parker Jonathan Telford Appointed 30 April 2024 Independent Examlner Trevor James FCA DChA FCIE Domier Cottage Old Broyle Road West Broyle Chichester West Sussex P019 3PR Bankern Lloyds Bank plc 174 Fleet Road Hampshire GU514DD Emall addr￿• mail@leapfrogs-odiham.org.uk Webslte www.leapfrogs4>diham.org.uk Objoctives and actlvltl08 Odiham Pre-school is a small friendly. non profit childcare group for children aged 2 to 5 years. It is open S days a week. 38 weeks of the year. It has a wonderful team of caring, friendly staff all qualified to NVQ3 and above. Everyone Is first aid trained and DBS checked. With a high adult-to 348 1,149 70 277 113 237 1.149 70 277 3W 2.220 2,220 3,506 1,121 152,925 607 479 1,872 1,121 152.925 607 479 154,723 57 4,928 1,352 2,501 1.605 83 83 79 271 1,393 206 187,242 (3,967) 635 701 277 182.850 635 701 277 182.850 5,194 3.194 2.000 1,7CKI 4.894 (1.700) 300 5,194 {3,967) Roconclllatlon of Fund• Total Funds Brought FoThvard Prior Year Adjustment Totsl Funds Carriod Forward 82,374 450 82.374 450 88,341 £87.718 £31XI £88.018 £82,374 The statement of finanoal activities includes all gains and losses recognised in Ihe year. All income and expenditure derive trom continuing acttvities. Odiham Pr￿Sch¢?01 {Leapfrog8) Balance Sheet 31 August 2024 2024 2023 Note Flxed assets Tangible assets 2.046 Current a88ets stocks Debtors Cash at bank and in hand 1.394 87.194 1,534 83,680 85,214 88,588 Credltor8: amounts falllng duo wlthln one yèar Not current assets 2,616 85,972 2,840 82,374 Total a88•ts1088 current Ilabllltl•s 88.018 82,374 Credltorn: amounts falllng due after more than one year Net a68ets £88,018 £82,374 Funds ol the charlty Re8trlcted funds Unrestrlcted funds General Reserves 30Q 87,718 82,374 Totat charfty funds £88,018 £82,374 These financial statements were approved by the Trustees and authorised for issue on 23 June 2025 and are signed on their behalf by.. Lucy Hyde Treasurer Odiham Pre-school (Leapfrog8) Note8 to the Financial Ststements Year Ended 31 August 2024 Goneral Inforniatlon Odiham Pre-school (Leapfrogs) ("the Charity.) is an unincorporated trust registered with the Charity Commission for England and Wales statom8nt of compllance The 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 Pfeparing their accounts in accortlance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Chanties SORP (FRS 102), and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS 102. Accountlng pollcles Basis of preparatlon The financial statements have been prepared on the historical cost basis and in sterling. which is the functional currency of the Charity. Going concern There are no material uncertaintses about the Charity's a￿'titY to continue its activities. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires the Trustees to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnces. Fund accounting Unrestricted funds are available for use at the discretion of the Trustees to fijrther any of the Charity's purposes, Restricted funds are subject to restrictions on their expenditure declared by the donor or through the temis of an appeal. Incomlng r880urces All income is 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 ￿liablY measured. The following specific policies are applied to particular categories of income: Income from Donations and Grants is recognised when there is eviden￿ of entitlement to the ftjnds, re￿Ipt is probable, and its amount C2n be measured reliably. Income from Fees Re￿1vable are recognised at the time of invoice. Donated facilitie5 and services are recognised in the accounts when re*ived if the value can be reliably measured. No amounts are included for the contribution of trustees or other volunteers. Interest on fvnds held on deposit is included when paid by the bank. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Costs are allocated to expenditure categories reflecting Ihe use of the resource. Costs attributable to a single activity are allocated directly to that activity. Sared costs are apportioned between the activities on a reasonable and rA)nsistent basis. Tanglble Itxed assets Tangible fixed assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. io- Odiham Pre-school (Leapfrogs) Notes to the Financial Ststements Year Ended 31 August 2024 Accounting poll¢la6 (contlnued) Dèpreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset. leF￿ its residual value, over the useful economic life of that asset. Stocks Stocks are stated at the lower of cost and net realisable value. Debtorn Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand indudes cash and deposits with a maturity of thre8 months or less from the date of opening of the deposit or similar account. Credltorn and provislons Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomTrlly recognised at their settlement amount after allowing for any trade discounts due. Flnanclal In¥trument8 A financial asset or a financlal liability is recognlsed only when the Charlty becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transacts'on costs. Current assets and current liabilities are subsequently measured at the cash or 0th8r cOn￿deratiOn expected to be paid or received and not discounted. Taxatlon The Charity is exernpt from corpjration tsx on its income to the extent that it Is used for charitable purposes. Net Income Net income is stated after charging, 2024 2023 Depreciation of tangible fixed assets Professional fees - Independent examlner's remuneration 682 300 Staff costs Throughout Ihe year the Charity had 14 employees (2023: 16 employees). Total remuneration paid to the Charity's employees, Including employerfs pension and social security costs, was £152,925 (2023.. £154.723) No employee was paid more than £60,000. Some of the Charsty's activities are carried out by volunteers who are unpaid. No record is kept of the donated time. Trustee remuneratlon and expen808 None of the trustees received any remuneration, benefits or reimbursement of expenses in the year (2023:None). Any claim for expenses would be subject to the Charity's normal internal Control procedures. li- Odiham Pr8￿Chool (Leapfrogs) Note8 to tha Financial Ststements Year Ended 31 August 2024 Tanglble fixed assets Total Cost At 1 September 2023 Addits'ons 2,000 2,728 At 31 Augu8t 2024 4,728 Deprnclatlon At 1 September 2023 Charge for the year 2,000 682 At 31 August 2024 2,682 Carrylng amount At 31 August 2024 2,046 At 31 August 2023 Stocks StOGks of Classroom Consumables, Cleaning Materials, Office Supplies and other materials are not valued. Debtors 2024 2023 Accounts re￿ivable other debtors 1,394 1,534 1,394 1,534 Credltors: amounts falling due wlthln on6 year 2024 2023 Creditors Acuuals 2,316 300 2,840 2,616 2,840 Reotrictod funds A grant of £2,000 was r￿1Ved to be used for the purchase of s carpet. £1,700 was spent during the year. The balance of £300 is a restricted fund for future carpet purchase. 10. Related partlo• None of the Trustees or any connected pefsons received any remuneraiion, benefits or reimbursement of expenses in the year (2023:None). 12- Trevor James FCA DChA FCIE Dornier Cottage Old Broyle Road West Broyle Chichester West Sussex P019 3PR 01243 780334 07802 832611 trevore ames ahoo.co.uk 23 June 2025 The Trustees Odiham Pre-school (Leapfrogs) Recreation Road Odiham Hook Hampshire RG29 1NU Dear Trustees I have completed my independent examination of your accounts for the year ended 31 August 2024. Last year's independent examination report drew attention to minor anomalies. I believe the anomalies have been resolved during the year to 31 August 2024 and that at the year end the Balance Sheet correctly records your assets and liabilities which means you have a firm foundation for the year from 1 September 2024. In previous years your report and the financial statements have not been in the format required under the charity accounting regulations. The Charity Commission does not have the resources to follow up non compliance but I encourage charities to comply with the requirements and have therefore, in conjunction with your treasurer. made the necessary changes to bring your accounts in line with the regulations. I would like to put on record my thanks to Lucy Hyde for her help throughout my work. Finally. for the avoidance of doubt, I should explain that an independent examination does not provide all the evidence that would be required in an audit. Yours sincerely Trevor James FCA DChA FCIE Trevor James FCA DChA FCIE