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2025-08-31-accounts

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Filename: 1455 Accounts 2025.pdf Client of: Bright Brown

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Name: Kirsty Wyeth Email: nitonpreschool@googlemail.com Date & Time: 02/03/2026 10:59:21 AM (GMT) IP Address: 81.150.71.118 The financial statements were approved by the Signing Statement: board of directors

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REGISTERED COMPANY NUMBER: 04838026 (England and Wales) REGISTERED CHARITY NUMBER: 1100496

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

NITON PRE-SCHOOL

Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ

NITON PRE-SCHOOL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15
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NITON PRE-SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The governing document of the charity is the Memorandum of Articles of Association dated 11 July 2003.

The charity offers appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for, and become involved in, activities such as groups.

The aim of the charity is to ensure that children from all races, cultures, religion and means of ability are seeing the benefit of the aims and objectives set by the Pre-school Learning Alliance.

STRATEGIC REPORT

Achievements and performance

Review of the year

There was a successful transition of children through to both Niton & Brighstone Primary Schools as we continue to work closely with staff in the Early Years.

We also continue to work closely with other professionals who visit the setting regularly. Jayne Hill sits on both the IOWSCP and The IOW Forum.

In December we joined our communities for Christmas celebrations and exhibited at the Christmas Tree Festival.

We continued to maintain both buildings and the staff remained dedicated to providing an outstanding provision. We increased the space at Niton Preschool by adding a decked area and astro-turfed the garden for the babies.

In this year we have employed and are happy to support 4 Apprentices with their training in Level 3 Childcare with HTP Apprenticeship College.

Financial review

Financial position

Total incoming resources for the year amounted to £586,144 (2024: £400,531) and resources expended for the year amounted to £484,465 (2024: £429,596). There was a surplus for the year of £101,679 compared to a deficit of £29,065 in the previous year.

Reserves policy

The trustees maintain a level of reserves so that the charity has sufficient funds to support any short term cash deficits, meet unanticipated expenditure and to cover long term maintenance costs.

At the year end the charity holds £387,752 in unrestricted reserves, and of this reserves not invested in fixed assets amounts to £336,191.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04838026 (England and Wales)

Registered Charity number

1100496

Page 1

NITON PRE-SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

Registered office

School Lane Niton Isle of Wight PO38 2BP

Trustees

Ms J Hill Chair/Preschool manager S J Chatfield (resigned 29.4.25) K D Gow Mrs K Wyeth R Hatt (appointed 29.4.25) Ms J Pook (appointed 29.4.25) A Whale (appointed 29.4.25)

Company Secretary Mrs K Wyeth

Independent Examiner

Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

................................................................................ Ms J Hill - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NITON PRE-SCHOOL

Independent examiner's report to the trustees of Niton Pre-School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I 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 out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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

  3. 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.

Mark Paxton

Garbetts (IOW) Limited Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ

Date: .............................................

Page 3

NITON PRE-SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
295
Charitable activities
5
Childcare services
581,912
Fundraising
3
221
Investment income
4
3,716
Total
586,144
EXPENDITURE ON
Charitable activities
6
Childcare services
484,465
Other
-
Total
484,465
NET INCOME/(EXPENDITURE)
101,679
RECONCILIATION OF FUNDS
Total funds brought forward
286,073
TOTAL FUNDS CARRIED FORWARD
387,752		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2025
Total
funds
£
295
581,912
221
3,716
586,144
484,465
-
484,465
101,679
286,073
387,752		 2024
Total
funds
£
-
396,600
408
3,523
400,531
429,531
65
429,596
(29,065)
315,138
286,073

The notes form part of these financial statements

Page 4

NITON PRE-SCHOOL

BALANCE SHEET 31 AUGUST 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
51,386
CURRENT ASSETS
Debtors
14
5,209
Cash at bank
348,765
353,974
CREDITORS
Amounts falling due within one year
15
(17,608)
NET CURRENT ASSETS
336,366
TOTAL ASSETS LESS CURRENT LIABILITIES
387,752
NET ASSETS
387,752
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 2025
Total
funds
£
51,386
5,209
348,765
353,974
(17,608)
336,366
387,752
387,752
387,752
387,752		 2024
Total
funds
£
48,342
8,564
239,655
248,219
(10,488)
237,731
286,073
286,073
286,073
286,073

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on .............................................and were signed on its behalf by:

............................................. J Hill - Trustee

The notes form part of these financial statements

Page 5

NITON PRE-SCHOOL

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2025
£
116,846
-
116,846
(7,736)
(7,736)
109,110
239,655
348,765		 2024
£
(27,731)
(65)
(27,796)
(10,807)
(10,807)
(38,603)
278,258
239,655

The notes form part of these financial statements

Page 6

NITON PRE-SCHOOL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1.
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
£
Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
101,679
Adjustments for:
Depreciation charges
4,691
Interest paid
-
Decrease/(increase) in debtors
3,355
Increase in creditors
7,121
Net cash provided by/(used in) operations
116,846		 2024
£
(29,065)
3,676
65
(5,816)
3,409
(27,731)
2.
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank		 At 1.9.24
Cash flow
At 31.8.25
£
£
£
239,655
109,110
348,765
239,655
109,110
348,765
Total 239,655
109,110
348,765

The notes form part of these financial statements

Page 7

NITON PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

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|||| |---|---|---| |2025|2024| |£|£| |Donations|295|-|

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continued...

Page 8

NITON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

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3. FUNDRAISING
2025 2024
£ £
Fundraising 221 408
4. INVESTMENT INCOME
2025 2024
£ £
Bank interest received 3,716 3,523
5. INCOME FROM CHARITABLE ACTIVITIES
2025 2024
Activity £ £
Dinners Childcare services 888 413
Fees Childcare services 131,030 176,554
Trip Childcare services 43 60
Grants Childcare services 449,951 219,573
581,912 396,600
Grants received, included in the above, are as follows:
2025 2024
£ £
IWC 449,951 219,573
6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 7) note 8) Totals
£ £ £ £
Childcare services 411,041 60 73,364 484,465
7. GRANTS PAYABLE
2025 2024
£ £
Childcare services 60 540
The total grants paid to institutions during the year was as follows:
2025 2024
£ £
WWF 60 60
Drama School - 480
60 540
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continued...

Page 9

NITON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

8. SUPPORT COSTS

Childcare services
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examiner's fees
Depreciation - owned assets		 Governance
Other
costs
£
£
70,964
2,400
2025
£
2,400
4,692		 Totals
£
73,364
2024
£
2,400
3,676

9. NET INCOME/(EXPENDITURE)

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

11. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Full-time equivalent
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Childcare services
396,600
Fundraising
408
Investment income
3,523
Total
400,531
EXPENDITURE ON
Charitable activities
Childcare services
429,531		 2025
£
385,419
385,419
2025
18
Restricted
fund
£
-
-
-
-
-		 2024
£
326,819
326,819
2024
17
Total
funds
£
396,600
408
3,523
400,531
429,531

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 10

NITON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
Other 65 - 65
Total 429,596 - 429,596
-
NET INCOME/(EXPENDITURE) (29,065) (29,065)
Transfers between funds 500 (500) -
Net movement in funds (28,565) (500) (29,065)
RECONCILIATION OF FUNDS
Total funds brought forward 314,638 500 315,138
TOTAL FUNDS CARRIED FORWARD 286,073 - 286,073
13. TANGIBLE FIXED ASSETS
Buildings Plant and
& structures machinery Totals
£ £ £
COST
At 1 September 2024 37,312 29,952 67,264
Additions - 7,736 7,736
At 31 August 2025 37,312 37,688 75,000
DEPRECIATION
-
At 1 September 2024 18,922 18,922
-
Charge for year 4,692 4,692
-
At 31 August 2025 23,614 23,614
NET BOOK VALUE
At 31 August 2025 37,312 14,074 51,386
At 31 August 2024 37,312 11,030 48,342
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 2,320 5,726
Other debtors 1,600 1,600
Prepayments 1,289 1,238
5,209 8,564
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continued...

Page 11

NITON PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other creditors
Accrued expenses		 2025
£
513
4
17,091
17,608		 2024
£
2,744
4
7,740
10,488

16. LEASING AGREEMENTS

The Charity is committed to paying rent, calculated at 7% of the income of Brighstone Pre-School, together with a fair and reasonable proportion of utilities costs, on an ongoing 5 year lease.

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund		 Net
movement
At
At 1.9.24
in funds
31.8.25
£
£
£
286,073
101,679
387,752
TOTAL FUNDS 286,073
101,679
387,752
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
586,144
(484,465)
101,679
TOTAL FUNDS 586,144
(484,465)
101,679
Comparatives for movement in funds
At 1.9.23
£
Unrestricted funds
General fund
314,638
Restricted funds
Wight Aid Foundation
500		 Net
Transfers
movement
between
At
in funds
funds
31.8.24
£
£
£
(29,065)
500
286,073
-
(500)
-
TOTAL FUNDS
315,138		 (29,065)
-
286,073

continued...

Page 12

NITON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
400,531
400,531		 Resources
Movement
expended
in funds
£
£
(429,596)
(29,065)
(429,596)
(29,065)

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.

Page 13

NITON PRE-SCHOOL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Fundraising
Fundraising
Investment income
Bank interest received
Charitable activities
Dinners
Fees
Trip
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Purchases
Grants to institutions
Other
HMRC Interest
Support costs
Other
Rates light & water
Insurance
Telephone
Postage and stationery
Advertising
Repairs & renewals
Cleaning
Training
Sundries
Professional fees
Subscriptions
Bank charges
Lease
Depreciation of tangible fixed assets		 2025
£
295
221
3,716
888
131,030
43
449,951
581,912
586,144
385,419
25,622
60
411,101
-
8,470
3,005
1,056
4,316
1,703
6,038
11,858
1,446
2,817
2,592
7,818
95
15,059
4,691
70,964		 2024
£
-
408
3,523
413
176,554
60
219,573
396,600
400,531
326,819
29,214
540
356,573
65
8,962
2,255
1,100
1,996
174
25,355
9,197
2,580
2,339
2,505
2,899
242
7,278
3,676
70,558

This page does not form part of the statutory financial statements

Page 14

NITON PRE-SCHOOL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Other
Governance costs
Independent examiner's fees
Total resources expended
Net income/(expenditure)		 2025
£
2,400
484,465
101,679		 2024
£
2,400
429,596
(29,065)

This page does not form part of the statutory financial statements

Page 15