Charlty number: 1063711
ST JAMES. PRE￿cHOoL MUSWELL HILL
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Sa
ers Butterworth LLP

ST JAMES. PRE4CHOOL MUSWELL HILL
Contents
Page
Reference and adrninistrative details of the charity. its Trustees and advisers
Trustees. report
Independent auditors. report on the financial statements
10-13
Statement of financial activities
14
Balance sheet
15
Notes to the financial sL2tements
16-27

ST JAMES. PRE-SCHOOL MUSWELL HILL
Reference and administrative detsils ot the charity, its Trustees and advisers
for the year ended 31 March 2025
Management committee Tamlin Vickers, Chair
Maria Lefter, Treasurer
Claire Ahlquist, Secretary & CfrTreasurer
Rose Fulbright-vickers. Fundraiser
Daiva Macionyte, Fundraiser
Charity registered
number
1063711
Principal officè
171 Fortis Green Road
London
N10 3BG
Website
www.stjamespreschool.org.uk
Emall
info@stjamespreschool.org.uk
Independent auditors
Sayers Buttetworth LLP
Chartered Accountants & Statutory Auditor
3rd Floor
12 Gough Square
London
EC4A 3DW
Bankers
Barclays Bank PIC
223 Muswell Hill Broadway
Muswell Hill
London
N10 1DD
Manager
Tracey Sparks
Page 1

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report
for the year ended 31 March 2025
The trustees present their report and the audited financial statements of the charity for the year ended 31 March
2025.
Structure, governance and management
. Structure and govemance
St James, Pre-school Muswell Hill (referred to hereafter as 'The Pre-school.), is a charitable unincorporated
association. It is run by a committee of parents and community volunteers {the 'Committee"). We follow the
constitution laid down by the Pre-school Learning Allian￿. which defines the roles of the Committee.
The Constitution was updated at the Annual General Meeting (AGM) in September 2014 to reflect the most
recent model constitution issued by the Pre-school Learning Allian￿. The Pre-school is answerable to Haringey
Council and to the Charity Commission and is regulated by Ofsted.
b. Trustees
The AGM took place on 24th September 2024. The Chair and Secretary stayed on from last year's Commitlee
and new trustees were re-elected. The Committee meets once a term and twice a term if anything urgent arises.
Laura Betts, our Bursar, has been with us for seven years.
c. Management
The Pre-school has a solid senior management team led by Tracey Sparks, Manager and Charlotte Baker,
Deputy Manager. Charlotte is responsible for Health and Safety, deputising for Safeguarding when the manager
is off the premises. Tracey is the SENCO. Special Educational Needs C￿OrdinatOr. and the Designated
Safaguarding Laad.
The staff provide a very high level of care and edU¢￿tKIn. and the children continue to benefit from their
experience and enthusiasm. Since the Covid-19 pandemic we prioritised the use of the outdoor areas and the
hall space. We conlinue to start the day in this area and parents do not enter the Pre-school gate unless their
child needs settling. Constsnt reflection with sufficient adull-led and child-initiated leaming helped the children to
leam and develop in a safe and happy environmenl. Continued professional development enhances the overall
effectiveness and service provided. Staff metnbers partake in online training sessions. with ideas being
cascaded al staff meetings and implemenled.
OBJECTIVES AND ACTNITIES
a. Objectives
Our objective is to promote a safe and stimulating environment for the educational, emotional and personal
development of 2 to 4year-olds. We encourage the growth of spiritual and moral values based on the Christian
faith by maintaining a well-disciplined, yet happy and nurturing environment, that is inclusive and respects
diversty.
Our vision is to provide a holistic environment where children thrive and are confident. They are provided with
challenges which stimulate and support their developmenL We were successfully inspected by Ofsted in June
2024. Our outcome was Gocxl.
Page 2

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES (continued)
b. Main activities for the public benefit
We aim to ensure that all sections of our community have a￿sS to Pr￿School Ihrough open, fair, and dearfy
communicated procedures. Children from less financially able households are being subsidised and supported
by Pre-school as part of our commitment to inclusiveness. We welcome all families whatever their belief,
gender, ra￿, ability or other protected characteristics.
The Pre-school is a member of the Earfy Years Alliance and we seek to further its aims through our work. We
follow carefully the Earfy Years Foundation Stage (EVFSI framework and the four themes of the EYFS
development matters and the principles that inform them. Each child's learning and development is unique. All
are supported to be effective and motivated leamers, through developing the Characteristics of Effective
Learning.
The Committee and staff have given careful consideration to the Charity Commission's general guidance on
public benefit and have complied with their duty in respect of Section 17 of the Charities Act 2011.
We continue to have a church member of St James, Church on the Board of Trustees.
ACHIEVEMENTS AND PERFORMANCE
. Outstanding achievements throughout the year include:
Meeting the needs of the children
Over the re￿nt period, our focus has remained steadfast on fostering social and emotional skills among our
children, with a particular emphasis on Speech, Language, and Communication development. We believe that
these foundational skills are essential for encouraging confident inleractions and effective leaming.
To support this, we have enhanced our leaming environment by upgrading Ihe home comer and modemising the
role-play area. These improvement5 create richer opportunities for imaginative play and social interaclions,
reinforcing a pla￿baSed ethos thal is central to our curriculum. Such aclivities are especially beneficial in
meeting the needs of children wtth EAL (English as an Addilional Language> and those experiencing other
difficulties, providing a supportive context for language development.
Our cosy corner continues to se￿e as a safe space for children to self-regulate, with adult support available
when needed, enabling children to develop emotional resilience and independence.
In outdoor leaming. the area was maintained and improved over the summer holidays. Children now benefit from
our refurbished sandpit and new equipment, which enhance water play opportunities and outdoor engagemenL
These resources promote physical activity, sensory exploralion, and social inleraction.
Furthermore, we have allocaled time for physical development in the hall, where children enjoy activities that
challenge their coordination and balance. Recently. we introdu￿d new balance bikes, offering both a physical
challenge and a chance to build confidence and motor skills.
To support social and emotional development for all children including those on the autism spectrum, we
implemented weekly Lego therapy sessions as a small group Inte￿entiOn. This play-based approach has proven
beneficial in helping children develop social confidence and collaborative skills and has also supported other
children that need support in other areas.
Additionally, we successfully applied for Iop-up funding lo acquire specialised equipment tailored to individual
needs, further enhancing the support provided for a child that has been diagnosed with Aukn'sm.
Page 3

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (continued)
In summary. our ongoing initiatives aim to create a nurturing. stimulating environment that promotes holistic
development and caters to the diverse needs of our children.
With the introduction of free childcare for tw(Fyear-olds. our pre-school has expanded its scope, curriculum. and
teaching stralegies to accommodate the rising twos. While this transition presented initial
challenges-particulady from a health and safety perspeCtiV￿e have successfully incorporated this age group
into our educational framework.
Al first. adapting our SPa￿S and practI￿S to meet the developmental needs of younger children required careful
planning. Ensuring a safe leaming environment demanded adjustmenls to dassroom layouts, supervision
strategies, and risk assessmenls. Praclitioners also had to modify their approaches to support early childhood
leaming, foslering engagernent through pla￿baSed methods and sensory aclivilie5.
Despite these initial hurdles, the integration of Iwf>year-olds has enriched our leaming environment. Their
irbclusion has encouraged innovation in teaching. strengthened earty leaming foundations. and reinforced the
importance of structured yel flexible education. As we continue refining our approach, we aim to provide a
nurturing experience that supports their growth and development.
Meeting the needs of Ihe staff and Community
Professional development and staff wellbeing
Our preschool remains committed to fostering professional growth among our team. Notably:
SENCO Role: Anna Markou, who led our speaal educational needs (SEN) initialives until her retirement in
August 2024, sel the foundation for ongoing support. Following her departure, our Manager, Tracey, qualified in
September 2024 with a CACHE Level 3 Award in Special Educational Needs Coordination and resumed the
SENCO responsibilities.
Continuous Leaming: Our Deputy, Charfotte. qualified as a SENCO in March 2025. and Laura qualified as a
SENCO in July 2025.
External Support: sin￿ September, we've successfully integrated Lego Therapy, provided by extemal
specialists, lo enhance our children's development and our team's skill set.
Trainee Practitioners: We welcomed Kate as a Trainee Practitioner in September, following her volunteer
experience and her six months at the preschool. She is expected to graduate with Qualified Teacher Status
(QTS) in September 2025 and will be offered a permanent practitioner role.
Volunteer Support.. Additionally, a dedicated parent volunteer, planning to complete her Level 3 qualification by
September 2025, has contributed valuable support and menlorship within our setting.
Our focus on professional development ensures that we continue to provide high-qualily ea￿ years education.
Ofsted commented (July 2024)., "The dedicated manager and her equally committed team welcome children
warmly into an exciting and invib.ng play environmenL They work hard and invest time in geth-ng to know the
children and their families before children attend. The qualified and experienced team ensure children make
good progress. The quality of teaching is gocMI. The nurturing and attentive staff plan a challenging and
ambitious curriculum around the children's interests. They build on what children already know and what they
needtolearn next. Children demonstrate they are curious and keen to try new things. Staff plan many
opportunities for children to explore sensory resources and support them to challenge themselves through their
play. Staff are good rcAe models. They encourage children to be kind, safe and helpful. This underpins how
children are supported in regulating Iheir own emotions and behaviours..
Page 4

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (continued)
Partnership with parents and caregiver5
We have strengthened our relationships with families through initiatives such as coffee mornings, which allow us
to discuss children's progress and needs openly. Recognizing the Importan￿ of language development, we
actively participate in the Haringey-led Leep program. fostering a language-rich environment through strategies
shared wilh parents.
Our communications have improved with an updaled newsletter, supported by a parent volunteer, providing
insights into leaming achievements and future plans. We continue to foster good relationships with weekly
tapeslry updates. temily face to face meetings. which update parents on their child's development. Our website
has been refreshed and is more infomiative and signposting parents to useful websiies.
Community angagemenl remains central to our ethos..
Parenl-led Activities= Parents have engaged in sessions sharing their expertise-such as a classical rnusic
concert featuring violin and viola, and a slorytelling session in Russian. Iranslaled for wider understanding.
Health and Wellbeing.. A dental nurse visited to share oral health lips. supporting our efforts to promote
wellbeing.
other Investments and community contributions
Lego Therapy: Continues to be a vital part of our enrichmenl program, promoting collaboration, social skills,
listening, and attention.
Outdoor Environment.. We invesled in maintaining our outdoor garden. induding roof repairs over Ihe sandpit
during summer, lo enrich children's outdoor leaming experien￿5.
Our commitment to community is evident through various activities..
Collection drives for Chrislmas hampers supporbng vulnerable families. with visits io elderly care homes to sing
and share feslive cheer.
Donations for Harvest Festival were collected and donated to a local soup kitchen in September. These events
support our Christian elh05 at our pre-school.
Inclusion and resources=
In line with our priority on indusion, we have purchased new resources, induding a kitchen for the home comer,
funded by a generous parent donation that was further supported by match funding. These resources support a
child receiving top-up funding from September 2024. enabling tailored support, with occasional One-l￿One
assistance.
b. Number of children
The summer term saw full capacity, maintaining high occupancy excepl on Fridays. Following the introduction of
funding for 2-yearryolds in April 2024, we increased our places to accommodate more young learners, although
initial capacity limits restricted some admissions.
Capacity and Growth". In September, admissions were notably higher than the previoLJS year, wth numbers
steadily increasing during the autumn and spring terms.
Additional Support.. Stsffing adjustments, leveraging part-time staff and longstsnding supply teachers, supported
the increased demand, induding one child attending our Breakfast Club.
Page 5

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (continued)
Children's activities and enrichment
December 2024 Hi
hts
Nativity Play- The children proudly performed in our annual Nativity Play held at The Pre-school Hall. This event
provided an excellent opportunily for parents to meet and engage wth staff and other families. The celebralion
included festive refreshments. a visit from Santa Claus, and a small ftjndraising activity to support pre-school
initiatives.
Christmas Experien￿ at St James, Church: Our pre-schcM)I families attended an interactive storyielling session
recounting the birth and life of Jesus. This engaging activity helped chil(iren and parents explore Christmas
traditions in a meaningful way.
Communit Visits & Worksho
Fire Station Visit: Children had a chance to explore and leam about fire safety and emergency setvices.
Police Visit: Local officers visited to introduce children to community safety roles.
Wikl Science Workshop.. An exciting session where children encountered unusual reptiles, mammals, and
amphibians, fostering curiosity about nature.
Chick Hatching Experience.. Over a fortnight, the children observed and handled chicks hatching, providing
hands-on animal care experien￿.
Autumn Term Enrichment
Music Program: A 12-week music initiative where children enjoyed leaming new songs and rhythrn. Natasha
from Jumping Beans played the mandolin. enriching children's musical awareness and enjoyment.
rin
Term
Drama Sessions.. Focused on encouraging imagination. language development, and confidence through small
group drama activities, allowing children to express themselves creatively.
Annual Wheelie Ride.. Our sponsored Wheelie Ride was a tremendous success. raising funds to support pre-
school resources and activities.
Summer Temi
Enjoy a Ball Sessions= Regular sessions featuring fun games to develop ball skills. coordination. and phyEical
confidence. Children practiced throwing, rolling, and using equipment like frisbees and hoops, guided by
instructor Madz, who emphasized lislening skill. persistence and a fun. joyful experien￿.
FINANCIAL REVIEW
. Overview
For the financial year ended 31 March 2025 the accounts reflect a surplus of £23,443. The Statement of
Financial Activities shows a totsl income of £208,787 and total expenditure of £185,344.
Page 6

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
b. Reserve fund
In the event of a signrficanl drop in funding, Ihere are enough reserve funds to continue the Charitys current
activities while consideration is given to ways in vthich additional funds may be raised.
This year Pre-school contingency fund has remained at £37,500. This is the equivalent of three months, salaries
and employer's national Insuran￿ plus core costs such as rent and utililies. The Reserve Fund remains within
The Pr&School easy access account. We also have £6,057 in our Fund for New Equipment and £5,774 in our
Special Projects Fund.
Funding
Our main source of income comes from the govemment's 15 and 3(khour funding for eligible children. In
summer 2024 Haringey Funding rate was increased from £5.81 to £6.01 for 3 to 4 year-old and from £9.18 to
£9.28 for 2 year-old.
From September 2024 our fees wenl up from £9 to £9.50.
We received a SENCO ToTrup Grant, for one child amounting to £1,722.
We re￿iVed £7,000 (£4,083 in this financial year) from &Qualitas for a practitioner to undertake a Qualified
Teacher Status programme. this partnership programme has been very successful and has covered part of her
salary and cover when undertaking her training at primary schod and a nearby nursery.
Through fundraising, donations and Gift Aid we raised £17,789. In 24125 financial year, we have received a
generous donation of £4,500 from a parent. This amount was also matched by her company amounting to the
total of £9,000 and Grft Aid. Fundraising activities induding summer and winter raffles generated £1,620 during
the year.
d. Expendilure
The Pre-school continues to be mindful of the need to manage costs but has been able to invest appropriately in
areas that we consider critical to achieve our objective of providing a stimulating leaming environment fDr the
children. This has included Enrichment Activities (Entertainment) throughout the year at a cost of £3,123.
Staff have undertaken mandatory training costing £871.50.
This year rent went up in Sept from £600.00 per month to £728.00 per month. From July 2024 utilities decreased
from £321.53 10 £304.44 per month.
e. Monitoring
The Committee monitors incoffle and expenditure against the budgel carefully every half-term. FInan￿S are
discussed at finance meetings attended by the Bursar, Treasurer, Co-Treasurer. Chair and Manager. The
outcomes of these meetings are reported by the Treasurer and Bursar at the following Committee meeting.
Salary reviews and budget reviews have all been decided at separate meetings and then agreed at Commitlee
meetings.
Page 7

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
PLANS FOR FUTURE PERIODS
The Pre-school has finished the year with a surplus of £23,443
The Prtrschool committee needs to monitor the impact of this fee structure in terms of the number of registered
children and importantly how many hours they attend. The Pre-school will continue to closely monitor the fee
structure lo ensure it remains indusive, open and transparent to parents.
The Committee gave much consideration to awarding the 3Yo pay rise from April 2025. This is a below inflation
pay rise and the decision was made after care￿1 consideration of our finances.
Three staff members who need to travel by car to work were offered a 500/0 reimbursement of their parking
permit costs. This will continue to be reviewed on an annual basis.
From summer 2025 rent and utilities will incxease to £754 and £307.89 respectively.
STATEMENT OF TRUSTEES. RESPONSIBILMES
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Generally Accepted Accounting Practi￿ (United Kingdom Accounting
Standards and applicable law).
The law applicable to chartlies in England & Wales reqUI￿S Ihe Trustees lo prepare financial slalemenls for
each financial period which give a true and fair view of the state of affairs of the charity and of its incoming
resources and application of resources. including its income and expenditure. for that period. In preparing these
financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistendy-
obseNe the methods and principles of the Charities SORP {FRS 102)-
make judgments and accounting estimates that are reasonable and pnjdent.,
stsle whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material
departures disdosed and explained in the financial statements.
prepare the financial stalements on the going concem basis unless it is inappropriate to presume thal the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy
at any time the financial posikn'on of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust
deed. 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.
In so far as the trustees are aware-
there is no relevant audit information of which the charitys auditor is unaware., and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit infomiation and to establish that the auditor is aware of that information
Page 8

ST JAMES. PRE-SCHOOL MUSWELL HILL
Trustees. report (continued)
for the year ended 31 March 2025
Approved by order of Ihe members of the board of Trustees and signed on their behaff by..
Tamlin Vicker5 Ioct 10, 2025 11=42.'38 GMT+il
l.Lefter 'Oct I
2025 11.-14.'57 GMr+ii
Tamlin Vickers
Chair of Committee
Date: 1011012025
Maria Lefter
Treasurer
Page 9

ST JAMES. PRE-SCHOOL MUSWELL HILL
Independent auditors. report to the Members of St Jarnes. Pre4chool Muswell Hill
Opinion
We have audited the financial stalements of St James, Pre-school Muswell Hill (the 'charity'l for the year ended
31 March 2025 which comprise the Statement of financial activtties, the Balance sheet and the relaled noles,
including a summary of significant accounting policies. The financial reporting framework thal has been applied
in their preparation is applicable law and Untled lQngdotn Accounting Standards. induding Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom
Generally Accepted Accounting Practi￿).
In our opinion the financial statements=
give a true and fair wew of the state of the charivs affairs as at 31 March 2025 and of ils incoming
resources and applicalion of resources for the year then ended"
have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounling
Practice,. and
have been prepared in aCcOrdar)￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing IUKI {ISAs {UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom. induding the
Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordan￿ wilh these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audiling the financial statements. we have conduded that the Trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the chariils ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees wlh respect to going concern are described in the
relevant sections of this report.
Page 10

ST JAMES. PRE-SCHOOL MUSWELL HILL
Independent auditors. report to the Members of St James. Pre￿chool Muswell Hill {continued)
Other information
The other information comprises the infomation included in the Annual reporl other than the financial statements
and our Auditors, report Ihereon. The Trustees are responsible for Ihe other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise expliciuy stated in our report. we do not express any form of assurance condusion Ihereon. Our
responsibility is to read the other infomiation and. in doing so. consider whether the other information is
materially inconsistent with Ihe financial statements or our knowledge obtained in the course of the audit, or
olherwise appears to be materially misstated. If we identify such malerial inconsistencies or apparenl material
misslatemenls, we are required to detemine whether this gives rise to a malerial misstatement in Ihe financial
ststements themselves. If, based on the work we have perfomied, we condude that there is a material
misstatemenl of this other information, we are required to reporl that facL
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion=
the informalion given in the Trustees. report is inconsistent in any material respect with the financial
stslements., or
sufficient accounting records have not been kept- or
the financial slatemenls are not in agreement wilh the accounting records and retums- or
we have not re￿iVed all the infortnation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement set out on page 6, the Trustees are
responsible for the preparation of the financial statements which give a true and fair view, and for such internal
control as the Trustees determine is ne￿SSary to enable the preparation of financial statements that are free
from material misstaternent. whether due to fraud or error.
In preparing the financial stalements, the Trustees are responsible for assessing the charitls ability to continue
as a going concern, disdosing, as applicable, matters related to going concern and using the going concem
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no
realistic aliemative but to do so.
Page11

ST JAMES. PRE-SCHOOL MUSWELL HILL
Independent auditors. report to the Members of St James. Pre￿chool Muswell Hill {continued)
Auditors. responsibilities for the audit of the financial statements
We have been appointed as audilor under section 145 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error, and to issue an Auditors, report that indudes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic decisions of users taken on the basis of these financial statements.
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, ouuined above, to detect material misstatements in respect of irregularities,
including fraud. The exlent lo which our procedures are capable of detects'ng irregularities. including fraud is
detailed below..
Discussions were held with, and enquiries made of management and those charged with governance with a view
to identifying those laws and regulations that could be expected to have a material impact on the financial
stslements. During the engagement team briefing, the outcome of these discussions and enquiries were shared
with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity-
Those laws and regulations conSide￿d to have a direct effect on the financial ststements include UK
financial ￿porting standards.
It is considered that Complian￿ with Health and Safety regulations, GDPR and Employment legislation may
be fvndamental to the operating aspects of the business.
Audit procedures undertaken in response to the potential risks relaling io irregularities {which indude fraud and
nonwcompliance with laws and regulations) comprised of- inquiries of management and those charged wilh
governance as to whether the entity complies with such laws and regulalions,. enquiries with the same
conceming any aclual or potenlial litigation or daims., tesling the appropriateness of entries in Ihe nominal
ledger, including journal enlries- reviewing transactions around the end of the reporting period., and the
performance of analytical procedures to identify unexpected movements in account balances which may be
indicative of fraud.
No instances of material non￿mplIance were identified. However, the likelihood of detecting irregularities,
including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entivs
controls, and the nature. timing and extent of the audit procedures perfomied. Irregularities that result from fraud
mighl be inherendy more difficult to delect than irregularities that resull from error. As explained above, there is
an unavoidable risk that material misstatements may not be detected, even though the audit has been planned
and performed in accordance with ISAS {UK>.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.uklaudttorsres
nsibilities. This description forms part of our
Auditors, report.
Page 12

ST JAMES. PRE-SCHOOL MUSWELL HILL
Independent auditors. report to the Members of St James. Pre￿chool Muswell Hill {continued)
Use of our report
This report is made s(Aely to the charitys trustees. as a body. in accordance wtlh Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the
charity's trustees those matters we are required to state to them in an Auditors, report and for no other purpose.
To the fullest extent permitted by law. we do not a￿pt or assume responsibilityto anyone other than Ihe charity
and its trustees. as a body, for our audit work, for this rewjrt. or for the opinions we have formed.
Sayers BUtte￿Orth LLP
Chartered Accountants & Statutory Auditor
3rd Floor
12 Gough Square
London
EC4A 3DW
Date= 1011012025
Sayers Butterworth LLP are eligitAe to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 13

ST JAMES. PRE-SCHOOL MUSWELL HILL
Staternent of financial activities
for the yearended 31 March 2025
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and capilal grants
Charitable activities
Other trading activities
Investments
16.170
190.078
1.620
919
16.170
190.078
1.620
919
8,491
161,356
6,287
737
Total income
208.787
208,787
176,871
Expenditure on:
Raising funds
Charitable activities
70
70
600
184,674
185,274
169,004
Total expenditure
600
184.744
185.344
169,004
Net movement in funds
(600)
24.043
23.443
7,867
Reconciliation of funds:
Total funds brought forward
Net movement in funds
4,800
(600)
151,260
24,043
156,060
23,443
148, 193
7,867
Total funds carried forward
4.200
175.303
179.503
156,060
The Statement of financial activities indudes all gains and losses reccwjnised in the year.
The notes on pages 16 to 27 fomi part of these financial statements.
Page 14

ST JAMES. PRE-SCHOOL MUSWELL HILL
Balance sheet
as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
8,985
9.585
8.985
9,585
Current assets
Debtors
10
13,823
166.361
4,266
152,323
Cash at bank and in hand
180.184
156,589
Creditors- amounts falling due within one
year
11
{9.666)
(10, 114)
Net current assets
170,518
146,475
Total net assets
179,503
156,060
Charily funds
Restricted funds
12
4,200
175.303
4,800
151,260
Unrestricted funds
12
Total funds
179,503
756,060
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Tawli4 Vickeks
Tamlin Vickers (Oct LO, 2025 11-42..38 GMT+ll
M.Lefter (Oct I
?025 11.'14.'57 GMT+il
Tamlin Vickers
Chair of Committee
Date: 1011012025
Maria Lefter
Treasurer
The notes on pages 16 to 27 fom part of these financial statements.
Page 15

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
Accounting policies
1.1 Basis of preparation of financial staloments
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effective 1 January 2015), Ihe Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Acl 2011.
The financial statements have been prepared to give a 'lrue and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 1021 published on 16
July 2014 rather than the Accounting and Reporting by Charities: Ststement of Recommended
Praclice effective from 1 April 2005 which has Sin￿ been withdrawn.
St James, Prtrschool Muswell Hill meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless othe￿iSe
stated in the relevant accounting policy.
1.2 Fund structure
General funds are unrestricted fvnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Restricted fijnds are funds which are to be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific funds. The aim and use of each restricted
fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incorne is recognised once the charity has entiuement to the income. it is probable that the incorne
will be received and the amount of income receivatrAe can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes bLrt not expended during the period is shown in the relevant
funds on the Balance sheeL Where income is received in advance of entitlement of receipt. its
recognition is deferred and induded in creditors as deferred income. Where entitlement occurs
before income is re￿ived, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Grants receivable where related to performance and specific deliverables. are accounted for as the
charity eams the righl to consideration by its performance. Where income is re￿iVed in advance of
ils recognition il is deferred and induded in creditors. Where entiljement occurs before income being
received. the income is accrued.
Inleresl on funds held or) deposit is induded when re￿1vable and the amount can be measured
reliably by the charity- this is normally upon notification of the interest paid or payable by the bank.
Page 16

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
Accounting policies (continued)
1.4 Resources expended and irrecovorable VAT
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance cosls are costs incurred on the charitls operations, including
support costs and cosls relaling to the govemance of the charity apportioned to charitable activilies.
Expenditure is accounted for on an accruals basis and has been included under expenses categories
that aggregate all costs for allocation to activities. Where costs cannot directly be attributed to
particular activities, they have been allocated on a basis consistent with the use of resources.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.5 Costs of generating funds
The costs of generating funds are those costs attributable to generating income for the charity, other
than those costs incurred in undertaking tharitsble activities or the costs incurred in undertaking
trading activities in furtherance of the charitys objects. The costs of generating fvnds represent
fundraising cosls, induding expenses for fundraising activities.
1.6 Charitable activities
Costs of charitable activilies comprise all costs incurred in the pursuil of the charitable objects of the
charity.
1.7 Governance costs
Governance costs comprise all costs attributable to ensuring the putAic accountsbiliiy of the charity
and its compliance with regulation and good practice. These costs indude costs related to audit fees
together with support costs.
1.8 Governmenl grants
Government grants relating to tangible fixed assets are treated as deferred income and released to
the Statement of financial activities over the expected useful lives of the assets concerned. Other
grants are credited to the Statement of financial activities as the rdated expenditure is incurred.
1.9 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cosL
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over Iheir estimated useful lives. on the followng basis=.
Depreciation is provided on the following basis=
Leasehold Improvements
10% straight line
Page 17

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
Accounting policies (continued)
1.10 Debtors
Trade and other debtors are recc*Jnised al the setdement amount after any trade discount offered.
Prepaymenls are valued at the amount prepaid net of any trade disox)urbts due.
1.11 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-letm highly liquid investments with a shorl maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.12 Creditors and provisions
Liabililies are recognised when there is an obligalion at the Balan￿ sheet date as a result of a past
event, it is probable that a transfer of economic benefil will be required in settlement, and the amount
of the settlement can be estimaled reliably.
Liabilities are recognised at the amount Ihat the tharity anlirypates it will pay to selde the debt or the
amount it has received as advanced payments for the goods or services il must provide.
Provisions are measured at Ihe best estimate of the amounts required to settie the obligation.
Page 18

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
Voluntary income
Unrestricted
funds
2025
Total
funds
2025
Donations
Grft Aid
14,768
1,402
14,768
1,402
Totsl 2025
16,170
16,170
Unrestricted
funds
2024
Total
funds
2024
Donations
8,161
330
8,161
330
Grft Aid
Total 2024
8.491
8.491
Incoming resources from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Pre-school fees
190.078
190,078
Unrestricted
funds
2024
Total
funds
2024
Pre-school fees
161,356
161,356
Page 19

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the year ended 31 March 2025
Income from other trading activities
Unrestricted
funds
2025
Total
funds
2025
Fundraising
1,620
1.620
Unrestricted
funds
2024
Total
funds
2024
Fundraising
6,287
6,287
Analysis of expenditure on charitable activilies
Actlvltles
undertaken
directly
2025
Total
funds
2025
Unrestricted funds
Restricted funds
184.674
600
184,674
600
185.274
185,274
Activities
undertaken
directly
2024
Total
funds
2024
Unrestricted funds
Restricted funds
168,404
168,404
600
169.004
169,004
Page 20

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
Analysis of expenditure on charitable activities (continued)
Analysis of direct costs
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Depreciation
Salaries, pension & N.1.
Staff training
Food, drinks, toys & equipment
Machinery and repairs
Rent
600
600
137,239
872
6,436
10,566
8,496
1.342
678
1.721
796
1,596
3,344
641
137,239
872
6.436
10,566
8,496
1,342
678
1,721
796
1.596
3.344
641
Insurance
Printing, postsge, stationery and telephone
Sundry expenses
Health and safety
Cleaning
Utilities
Bad debts
Parking pemiit
Entertaining
Bank charges
Advertising
Governan￿ costs
262
262
3,970
104
31
3.970
104
31
6.580
6,580
184,674
600
185,274
Page 21

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the year ended 31 March 2025
Analysis of expenditure on charitable activities (continued)
Analysis of direct costs (continued)
Unrestricted
fvnds
2024
Restricted
funds
2024
Total
funds
2024
Depreciation
Salaries, pension & N.1.
Staff training
Food, drinks, toys and equipment
Machinery and repairs
Rent
600
133,974
1,539
1.835
2,939
7,900
1,284
988
133,914
1,539
1,835
2,939
7.900
1,284
988
Insuran
Printing, postage, statsonery and telephone
Sundry expenses
Health and safety
Cleaning
Utilities
1,174
486
1,174
486
1,308
3.515
547
1,308
3,515
547
Bad debts
Parking pemiit
Entertaining
Bank charges
Advertising
Governance costs
144
144
3,847
(19)
703
3,847
(19)
703
6,300
6,300
168.404
600
169,004
Auditors. remuneralion
2025
2024
Fees payable to the chariws auditor for the audit of the charitys annual
accounts
3,180
3, 180
Page 22

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the year ended 31 March 2025
staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
121,324
5,274
10,641
119,632
4,237
10,045
137.239
133,914
The average number of persons employed by the charity during the year was as follows..
2025
No.
2024
No.
Employees
No employee received remuneration amounts'ng to more than £60,000 in either year.
Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2024 - £NILJ.
During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL).
Page 23

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the year ended 31 March 2025
Tangible fixed assets
Leasehold
improvements
Cost or valuation
At 1 April 2024
53,542
At 31 March 2025
53,542
Depreciation
At 1 April 2024
Charge for the year
43,957
600
At 31 March 2025
44,557
Net book value
At 31 March 2025
8,985
At 31 March 2024
9,585
10.
Debtors
2025
2024
Other debtors
7,622
6,201
2,455
1.811
PrepayThents and accrued incorne
13,823
4,266
Page 24

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
11.
Creditors: Amounts falling due within one year
2025
2024
Other creditors
5,594
4,072
6,090
4,024
Accruals and deferred income
9,666
10,114
Deferred income relates to Pre-school fees received in advance
Page 25

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
12. statement of funds
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
151,260
208,787
(184,744)
175,303
Restricted funds
Kitchen and garden fund
4.800
(6001
4.200
Total of funds
156,060
208,787
{185,344)
179,503
Staternent of funds - prior year
Balance at
31 March
2024
Balance at
l April 2023
Income Expenditure
Unrestrlcted funds
Unrestricted funds
142, 793
176,871
(168,404)
151,260
Restricted funds
Kitchen and garden fund
5.400
(600)
4,800
Total of funds
148, 193
176,871
(169,004)
156,060
Page 26

ST JAMES. PRE-SCHOOL MUSWELL HILL
Notes to the financial statements
for the yearended 31 March 2025
13.
Analysis of net assets between funds
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
4.200
4.785
180,184
19,666)
8.985
180.184
{9.666)
Total
4,200
175,303
179,503
Included within the above unrestricted current assets of £180,184 are amounts designated to a Salary
ReseNe of £37,500, 8 Capitsl Expenditure Reserve of £6,057 and a Special Projects Reserve of £5,774.
Analysis of net assets between funds - prior year
Restricled Unrestricted
fvnds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
4,800
4, 785
156,589
(10, 114)
9,585
156,589
(70,114)
4.8(
151,260
156,060
Page 27