THE LEARNING TREE PRE￿cHOoL Unaudited Report and Financial Statements For the year ended 31 December 2024 Charfty number: 1091155 THE LEARNING TREE PRESCHOOL Flnanclal statements for the year ended 31 December 2024 Contènts Pages Leg81 ar#Y admlnlstratlve inf0m￿l￿)n Rep)rt of the truslee5 Accounlants Report Stateff*nt of financial aciNities Bala1￿ sheet Notes to the finan¢ial statements Detsilad profft and loss account 10 THE LEARNING TREE PRE-SCHOOL Legal and admlnlstratlve Informatlon Ref•r•nce and vJdmlnlstr¥Jllv• del•ll• Registered Office. The LeArning Tre8 Pre-school Rowdnwn Primary School Callov Down Crescent New Addinglon Croydon Surrev CRO OEG Charity registration number: 1091155 Ofsled registration number.. RP904636 AC￿Untants'. WDA Accountant Cube House 5 A Whytecliffe Road South PLJrley Surrey CR8 2AY Banker5: Santander Commercial Bank BRAM. Bridle Road. Bootle, Merseyside GIR QAA Trustees: melan￿ M(K)re Carole Bonner Robert Elliott THE LEARNING TREE PRESCHOOL Report of the trustees for the year ended 31 December 2024 Trustees, responslbllttles In relatlon to the flnanclal 8tatement# Law applioble to charities in England aThJ Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the chaTiWs financial aclNilies during the year and of tts financial position at the end of the year. In preparirvJ those financial statements, the trustees are required to.. Select suitable ac(x)unting policies and then apply them consistentty.. Make judgments and estimates that are reasonable and pnjdent: State whether applicable accounting standards and statements of recommended practice have been folbwed subject to any departures disclosed and explained in the financial slatoments,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the chatity will continue in business. The trustees are responsibSe for keeping accounting records. which disclose with reasonable accuracy al any time the financial posrtion of the charity and enable them to ensure that the financial statements comply wtth the Char[t￿S Act 1993. They are also responsible for safeguarding the assets of the charity aTrJ he￿￿e for taking reasonab]e steps for the prevenlion and detection of fraud and other irregularities. This report has been prepared in accordance wilh the Stslement of RecommerKled Practice.. Accounting and Reporting by Chartlies {tssued in March 2005). Approved bythetrust8es on.......... ...... .......... and sYJned on its behalf by: THE LEARNING TREE PRE￿cHOoL Independent examlners report to the Trustees of The Learnlng Tree Pre￿chool I report on the Accounts ol Ihe Ch8rltablo Company for the year ended 31 December 2024. which are set oul on pag8$ 4 to 10. Respectlve r•$pon•lbllltle8 of tru8tees and reportlng accounlant• The Trustee5 are responsible for the preparation of the accounts. The Board Members consider that an audit is not required for Ihis year under the provisions of the Charltl•• Act 2022 ("the 2022 Acl-) and that an Independenl Examinalron is needed. Having satisfied mysew that charity is not subjecl lo audit and is eligible lor indep8fKlènt èxamination, it is my responsibility to. Examine the accounts In accordance with the requirements of the 2022 Act; Follow the procedures set out in the general Directions issued by the Charty Commission under the 2022 Act,. and Report whether any matters hav8 come to my attention which shoukj be disdosed in order to provide a proper understanding ol the accounts. (in) 8asi$ of Ind•pend•nt ExamIn•￿8 report My examinats'on was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a companson of the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the aco)unts and seeking explanalions from you as trustees conceming such maners. The procedures undertaken do not provide all of the evidence thal would be required in an audit and consequentty no opinion is gwen as to whether the accounts present a "true and fair Vie￿ and the report is limiled to those matter5 set out in the statement below. Independent examlnerfs $talement In connecbon wilh my examination. no matter has come to my attention.. {a} which gives me reasonable cause to believe that in any material respect the requir8m8nts: To keep accounting records. and To prepare accounts with the accounting re￿rdS and with the methods and principles of the Statement of Recommended Pra¢tKe'. Accounting and Reporting by Chaiitss,. (b) To which, in my opinion. attention should be drawn in order to enable a proper understarKling of the accounts lo be reacW. Jos• Goncalves WDA Accountant 44$ l-iu-101s THE LEARNING TREE pRE￿CHOOL Statement of financial activities for the year ended 31 December 2024 Notes Unrestrlcted Funds - 2024 Unrestrlcted Funds - 2023 Incomlng Resourcès Incoming ￿SOurCeS from genèrnted funds Voluntary Income Incoming resources from charilable activities 438,237 419.444 14,807 20,449 Total incoming resources Resourca 439,893 Resources expended Charitable activtties 413,931 2.262 384,912 2.327 Governance Costs Totsl resources expended 416.193 367,239 Net incomingl(outgolng) 36,850 72,654 Net Movement In Fund$ 36.850 272.503 54.992 72.654 199.849 $4,992 Balance at 1•t Jan (£217.511+£54.992J Unrestrlctsd redundancy res•rv• Balance at 31*1 Dec 2S4,361 217.511 The notes on pages 6 to 10 fonn part of these financial statements. THE LEARNING TREE PRESCHOOL Balance sheet as at 31 December 2024 2024 2023 Curr•nt A88•1• Cash 8t bank and in hand 320,179 275.779 L•ss: Cr•dlt AnM)unts due within one ye8r {10.826) (3.276) Prowsions lor liabllities Total •ssets less curr•nt Ilabllltles (54.992) 254,361 (S4,992 217.511 R•pr•s•nted By: Unrestricted redundancy reserve Unrestricted FurKIs (54.992) 309.353 254,361 (54.9921 272,503 217.511 1118125 Approved bytheTrusteeson........................... . and signed on their behalf. Cwi A.- Tru•ts• THE LEARNING TREE PRE￿cHOoL Notes to flnanclal statements for the year ended 31 December 2024 1 Accountlng pollcles The princip81 accounling policies are sel oul below. The accounling policies have been adopted consistently throughout the year. •) Basls of accountlng The financial statements have been prepared under the historical cost convention and are in accordance with th8 FRS102 Section 1A Small Enttlies. Accounting and Reporting by Charities kssued March 2005 and applicable accounting standards. b) Tangible Flxed Assets and Depreciatlon Tangible fixed assets are induded in the balance sheet at cost or at market value at the date of the gift. Depreciation is calculated by referen￿ to the cost of fixed assets using a straight-line basis considered appropriate to the expeded INes of the fixed assets. The annual rates of depreciation in use are.. Fumiture and Fitting Computer and office equipmenl 25% c) Funds Unrestrlcted: these are funds. which can be used in accordance with the charitabk objects at the discretion of the trustees. Restricted." these are funds that can onty use for particular restricted purposes defined by the benefactor and within the objects of the charity. d) In¢omlng resources Incoming ￿SoUrceS from charitable actNities funds represents net invoiced sales of goods and services, excluding value added tsx. Donations and other voluntsry income are recognised when the Pre&hool becomes ￿alty entiued to such monies. Grants are recognised in the year in whith they are approved arKI notffied. THE LEARNING TREE PRE4CHOOL Notes to financlal statements for the year ended 31 December 2024 Accountlng pollcles (cont.) •) R•soums •xp•nd•d ExperHJlture Is re(x)gnised when a Ilabllty Is Incurred. Costs of genernting funds are those costs incurred in attracting volunlary income. and those irKurred tradtng aCti￿l￿S Ihal raise furKIs. Support costs include central fundions and havo been allocated lo cost catogori8s on a basis consistent with the use of resources. Q VAT The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate. 2 Voluntary Income 2024 2023 Earty Years Funding Grants 438.237 414.188 5.256 Total 438,237 419.444 3 Charltable Actlvltles PMv1￿ ofprfrschool nursery educatlon 2024 2023 Attendance Fees IEarly Year Fessl Childcare Fee 14,807 20.449 Total 14,807 20,449 4 Total Resources Expendod taff 2024 2023 2024 2023 2024 2023 2024 2023 Cosl for Generallng Fund8 Activities Chanlable activit￿& Pre-SdKX)18ctivities 342 622 572 48 158 41 Total r•sour￿• exp•nd•d 342 622 319 083 73 416 194 367 239 Jmi •1 •Jn i• FIF THE LEARNING TREE PRE4CHOOL Notes to financlal statements for the year ended 31 December 2024 7 Taxatlon The charity ￿ exempl from corporation tax on ils Charitab￿ activities. 8 Unrestrlcted Funds The unrestricted reserve Includes a £54,992 provision as the Irustees have decided lo establish an unrestricted reserye to cover redundancy costs in the event the charity was to be winding up in the future. Anatysls of assets by fund Total Fixed Assets Cash in h8nd Debtors Creditors 320,179 (10.826)