Cornpany re8i8tration llwnber. 04941788 Charity r¢gistr81ion number.. 1103294 Fishbourne Pre-school Limited (A limii¢d by share c4)Ats Rert and Fin11 SthtemeDts for the YeaT Ended 31 Auwt 2025 MMO Limited Ch&rfered Accountants 8TrJ Stawt(ry AuditOTS Wellesley Howe 204 LoD(knn Road Watrrlooville Hamp5hir¢ P07 7AN
hbourne Prh0o1 Llmited Contents Reference and Adminisb¥tive Detsils TnLSted Report 2to6 Independent Examinerfs R¢wt Statement of FiDwKial Adivities 8t09 Bala¢ Sheet 10 Notes to the Financial Statements 11 to 19
Fiskbourne Prfr&hool LIllted Reference and AdDnIStratIVe Detalls scetary K L Wiltsbire ChArlty Rezlstrtlon 1103294 Cotllpany RelIratIo Nurober 04941788 Th¢ is Inco[rad in EDglatKI. FisbknwTre PrtrsclI Ltd 48 BlackTrK)y Lan¢ Fishbourne Chichester West Sussex Reqlstered Ollke P018 8BE llldepeDdeDt Iner MMO Limitrd Cljarteted Accountants aDJ startory AuditQfS Welleslty House 21M Ro Wat¢rlooville P07 7AN Ae¢DuDtsnts MMO Limitrd Wellesley House 204 London Road Wawlooville Hamh1[e P07 7AN
Ishbourne Pre-school LIllted Trustees, Report TrSte¢S Ind offleers Th¢ trwie¢s a officers serving during tr year aod siD¢¢ the year ¢NI #s follows.. TTUSttts.' L O Oliver K Gray {appoioted 2 SepteJrtKr 2024) S Mcl&u8blin L Massey (rjRa 9 O¢toiw 2024) R B¢rry B suthe (apP)Illt 18 September 2024) K L Wiltshire Statemettt of trust, rWwtsb1m1• The trustees Iwho are also the direcws of Fisht& Prfr&lwl Lijnited for the pwposes of company law) are responsible for prepariD8 the trusttts, resK)rt aTrJ the fin41&1 Statem in accordance with applicabl¢ law JTKI United Kingdom Accounting Ststyjatds (UDited KiD8th)m Geth¢rnlly Accepied AcLounting Practice), including FRS 102"Th¢ Financial Rep)rtin8 Standard applicable in the UK 4T¥1 Repthlic of Irela1.. Company law requires the trustees lo prepar¢ finla1 statenKDts for each fiDarKial year. Under compatLy law the tnjstees M81 not approve the financial 8tauKnts they are satisfied that they give Y4 And fair view of (he stale of affairs of the charitsbl¢ rnpanY and of th¢ iwJmin8 resources and application of rcsource4 including its income and expetyJ1tu. of the clwitsbk for wlod. In preparin8 these finan¢ial statennts, the tru5t¢e% ate required 10: select suitable accouDting policia and 4)ply them ¢oosi#. observe the methods and priwipl¢s in the Chorits&s SORP. stale whether applicable accountin8 StandaTth, couyising FRS 102 bave been followt4 subjecl to any material departures disclosed and explai[d in the fiDwial stat. and prepare the finala1 slat¢m¢nts on th¢ going cotK¢rn bosis wdess it is lnapWl¢ to presume that t&e eh8ritable company will continue in busin. The tn]stee5 ar¢ resporffjible for keepitig pr(fj)ttaee1tig reco that di105¢ with reJs1)nable accU¢Y al any lime the fitwjcial w)sitioth of the eTrwitabk company enEbJe them to ensur¢ thai th¢ fina181 ststements comply with the Companies Act 2006. They are also resp)A%ibk for s&fe9rding th¢ 8s5¢ts of the ¢hJritable company Bod hence for lakill8 reasowble • for the prtvetitTh atsl ddettion of frawl and other irre8ulariti¢s. The tte¢S are r¢5ponsible for the maintro0 atml inwiry of the Coot¢ and fillawi inforn)ation included on th¢ charitsble compan5 web5it¢. L£gi$18tion 8overning the prePaloD and dis5¢minaUon of fiTwioial ststements may differ from legislation in other jurisdiciiotts. Pa8e 2
Slsh1rne Prts&hool Limited Trustees, Report hool L -Trn Th¢ dir¢¢tors atyj tru8te¢s pr¢s¢nt theirreI finso¢io1 for the year 31 AuguH 2025. The accounts Imve been preparal in aCcOrdae with the xcounting 11¢1¢5 set out in rnte l to thc acryjwits ODd comply with the charity's 8overniDg document and applicable law and the requiTwnents of the Statement of Kecommended Practice. -Accounting and Reporting by awities" 2015 and had regard to guidance published by the Cl)arity Conmnission on public benefiL Directo. The list of dIt0 is shown ort P4g¢ one l¢b indicat¢8 when offi¢e h£s bets) beld. DiTectors' interests. The di¢Ts are guarant0 of the c4)nwy. The alv1 of eath guaT8Dt¢e 1$ £l.IH). The directors aTe responsible for PTepariDg th DirtOrS. awj Tne¢s, ret aThJ th¢ f8¢141 ststements in accordance with applicable law aDJ regulation. Corwy law r¢quir¢$ the diredors and tyste¢s to prepare fman¢ial ststements for each financial year. that law the directors have elected to prepare th¢ r)nan¢iJl styt¢m¢nts in aCCordate with United Klld0M GeDmlty Accepted AcCow1ti Practice (United Kingdom A¢¢ounting Standard8 aThJ applicable law). Under cowy law the directors mu& not wrov¢ th¢ fitwKial 5f¥tnM)t unless he is satisfied that they give a true and fair view of ¢h¢ slate of affaiT5 of the wmp4ny of th¢ profit or loss of the company for that period. In preparing thos¢ ruWla1 the dire¢tOT5 4nd tryste¢5 ffquired to: select suitable accounting policies and then apply them ¢onsistendy' mak¢ J1gements and ¢#imat¢s that are reasonable and prude prepare the fmancial stat¢rn¢nts on ¢h¢ going conll basts uni¢s5 it is inlppropriatr preswne that the company will continue in busin¢&s. Th¢ directOT5 and tn]5ttts 4r¢ respoLsibk fw ke¢piD8 pr(4)er accounting records that are sufficient 10 show atmj ¢xplaiD the c(mwy's ITrDsattS grxl di1( with reasonknk accurdcy at any titne the fuw)cial position of the cornpany aud enabl¢ them to that the ruw11 5tstements comply with the Companies Act 21YJ6. Th¢y are also T¢SW)nsibk for saferdIng th¢ ¥5s#s of &)mrAny and hee for lakmg reAsonable steps for the prevention and detection of fraud and other itregulariti¢& The PrfrSChj cutTently employs a BknesS Atthninkr to oversee many of the businw.r¢lat¢d adiviti&% including knk-kwiD& payToII aNI p¢rx)nnel. Governing documen¢. The ¢ornpaDy eStabiishEd und¢r l¢b established the objects and werS of the clwitable company athl is governed its A)trl&s of A$s(KI1 incorporated 21 July 2(. Th¢ PrSchOol is PTimarily in opaion to enhw¢ th¢ d¢v¢lopnnt and edtion of children under statutory school age. Furthennore. it is th¢re to enable par¢nts and ¢wrer5 to understatMI atyj provide for the needs of their childr¢n throu8h using this cotrllnurrity gmup io: offer 4)w(yiate play facilities a1 trainin8 colleS. together with the right of parentCar¢rs to tsk¢ r¢5POtt8ibility for and to bxome involved in 811 activities of the group Report encourdg¢ the StlY of the n¢¢ds of suth ebiidren and tl*ir f¥mili¢4 promoting publio interem in and reco8llition of such needs in the local area. inslig8te arrfl adher¢ PTiDJ8ry ljectiveS of PrtrsCh)j Ltarniti8 Alliance. The ov¢r811 d)j¢¢tiv¢s of FIshEme Pr¢-Scknol aye: P¥F3
hbourne PrScIN1 Limited Trustees. Report To ¢pb4n¢¢ & develop1 1 <dtiOn of childmh SCI1 age in a paTent.involYin& cornmunity.bawl group, thri)ugh thr E.Y.F.S. To providE a safe, sectsye and stinwlating environment which offers a ratsg¢ of hall¢JJging and w¢ll-strurtuted ¢xp¢ri¢tK¢5 bwd OD the needs of youn8 children. To enable children to leaTn and d¢Yelop skills allityd¢5 and wid¢T5tJndin8 which are appr0pM to their slage of development. To create art atmosphere in which ¢hildr¢n ar¢ rnotivat¢d io lea¥n. lo f1 valued aThJ confthm. to become ind¢pcndent and to sooiali5e wilh oth¢TS. To eTr5ur¢ that all children bave equal acce to the curriculum. To eDable all children to rnake progr¢ss acwTding to theiT d¢v¢lopiag Jbilitie& irrespve of tbeir geDJer, ethnic. reli8ious, or swial bAckground or additior1 support n¢ed5. To valu¢ Jll parents I carer3 85 pttTts in the educatiOD of their children. These objectives meet with the needs of providing publi¢ ben¢fiL through provision of pre4cknI education within the l¢xal community. The total estimated thai TTw¢ees nnit to thr runtiing of the Pre-Scly)ol is approximately 0.5 full lime equivalent (where I full lim¢ equivalent is b( on pre4cIKsoI openin8 hours) Fishbourne Pre-school is Irated near the Fisht Playing Fields in Bl4ckboy La. near Chichester. West su. It was founded ID 1986 and has been in a purpostrbuilt building since 20tKJ. ThE Pre-school provides a brighL l¢Olning and stimulating VirOnl wtth a wide range of high*dity r¢sQW¢¢5.
n art attd eraft area for1& play dougi clay. junk wM)delliDg atKI
a bwk corner, a writing and drawin8 WrnET. a role play Area wilh dress up clothe tloor spac¢ and tsble tops for comtnli0 small WOTld play. puzzles and ga
quiet sensory r(M)m
Outside thett i& a mud kitehe a sand and war tray Sand pit an elOSed water butt raised flower and vegetsble Good u5¢ is also mjde of the lj%ent playitig field& The Pre-school provides dayt&me care for cbildren J8ryJ t) a half Ye to five years during term time (8.1)O am to 4.00pm). Terni dates and LNSET days are ¢lK)5en as wropriat and sometirnes alwd with those ai Fishbourn¢ Churcb of England Prinw Scbool. with whom the Prs¢}l bas 5tr0n8 Itss. There are M nre than 26 children at each stssiort (a session is 3 knurs IoD& either in the or aftErnoo with shorter early drop off and late pi¢kup se8siofjs •vailable). $¢4
bbourne Pre-scknl LIllted Trustee5' Report Tbe prSChool is a Tegi$tered itKOr1td nowfit-wking ¢lwity run by aD electrd Managemenl Committee. which is governed by a Memorandum and Anicles of Awiation. The Committre c()nsists of Committee Officers (Chair. TreasureT and Secretary). elected Membct5 4T ¢(wd Members. Each Committee Member is a Company Director and Charity Tnjstee. The Comminee c(XLSiSts of ttot less thgn hvo and not more than nin¢ Mcmbers with not less than 61M of the Conmnitttt Membets FKitig p8r¢nts I car¢r5 of childr¢n cwrently attending th¢ Pre-school. All CoJnmitt¢¢ MembeTh are volunlea5. New Coftynittee Members invited to attetrj a Committee meeting the temi befoTe joiuing the Committee a1 prior to their f(Km31 appointirrt they are prnvided with copies of th¢ following docUnnIs. _ Welcome to Fisbtrfwrne Prse11 docull M¢moTaNlum atKI Articles of Associkn {GoVernat Docu) FinwKial Accounts CC60 Tr Halknwk8 of a Well-Rwi Clwiry CC8 Internal Finartial Controls for awities CC31CC3(a) The Es5eDtial TnCe & The EMrtial Tn¢e- Guide CCIO Hallma& of Att Effective Clwity. The Malla8ement Cotnmittee is r¢4msil)le for th¢ overnll Jnanagellxrt of the PrechOOl. The MaDager is responsible for the curriculum and day-to day ruttDing of the Pre-SclN)ol. The BusiDe5s AdministratOT is reswnsible for NÈJning the business (P8yToII. p¢rsonD¢I and iKN)k-keepin aryj liaises ck)5¢1y with the stsff aNI Management Committee. The Annual G¢neral Meetin8 is nornmlly held during 9Jrrn m and open meeiings are beld every terni 10 which all parents I carers are encouY88ed to atteJ. The PsChl is regiskred with Ofsred and with the West Suss¢x Early Chitdbood Service (ECS). It is akn registered to receive Free fiditi8 from West Sussex CouDty COU11 and 15 a tneth of the Pte-SclKK)l Alliae. DeeisiotLS taken at Committee Meetitigs d#¢T[ri by a simpk majority of the vot¢5 cast at the meetin8. Th¢ commit cominues io Ideify aS at risk to Tthich the ¢lrity As exrrf>sed and have implemented p)li¢ies at procedures to miii8a sucb risk4 e.& the Ftts POIy. A¢h1evfflDts and perfonD4Dce The following key achtevements for the 202&2025 acthic yeor were: Ellsuring heal¢hy futUT¢ Waitin8 Lists to 2026. Continuing the use of the invoicJn8 syskm Stre4M sineSS proce&$4 llising the P8rent8 Portal. so that parents can view it)fornMiion ld for their Chil ittclwjing detsil4 invoices issued a1 outstatKlin8 balances. Or8anisin8 fillKITaising x¢ivitie5 where wlble. Encouraging and supporting stsff professional developn Reviewing aryi uplilb'ng Stsff ¥DnuJi 5alori¢s. Continuin8 a rwiar newsldtsr and enuil com0mCatiolls with parents.
Ishbourne Pre-school Llmlted TThgteu' Report Continuing the re8ular 'LAst wttk At Prc-srlwl. itiforntiort letter mi]able in iK&th paper foTmai and on o websiie. Identifytn8 and appoiDling n¢w TnleeS to join the Mawnt Committee. Continuirtg to gjpport 'Cbil<lren-In-Need' 'Crackuiacks' to ensure children are awar¢ of the work of ¢hariti¢s nd of individua15 less fortunate than themselve& Continuing to build litiks with local s¢lKK)l& part• Fishi0¢ C of E Primary 11. to ayd snwoth transition from Pre-school to IK)l. FOT ¢uuwl¢; 4n¢nding the Primary h0o1 Nativity Play. a5SiStance forn] yT5 wilh our SpoTts Day. both Pr¢-Sthx)1 stsff awj childT¢n terK at SUTDrner Teddy Bears Picnio the sclb)ol fete ond other transition mttiing5. PI*DS for Futur¢ Ptrlods Sp¢cifi¢ obj¢ctive5 for the 2025r2026 rudemic yrar are Is follow&" To continue to welcome the new chIkth i palts at bewi of t¢rni. To coniinue to research possible grants attd fill]08 available to help with the nllmtn8 of the pre4chool and possible Review and eontrol all fIna¢S on a tMY4en 5¢ekiDg ¢(ffiCieCIcS where praclicable. To creale a PTe•Sch¢)ol Development Plan look at oew way¥ of ensuring continued business viability for the To reenJAi parents to the Mattagemt Committee to rwlace those plaDDin8 kn leave at the end of the 202512026 acadetnie year. To Seek f¢¢dback from parents abLXrt the Pr1)01 a1 eKourw their involvemenL To ensure the Pre-school #nd its Staff is effectively tnsD4gryJ aNI eDsure stsff are enwlnged to tt¢hiev¢ tbeir pokntial. Aciively elO8e sthff w ¢ontinue th¢it profe&8ioDal pro. To support stsff with their continuin8 professional developmettt in 202512026 such &8 support to attend confEr¢nces, completion of firther training cows¢s. To continue lo identify and use new resourc. to enhat children's learning experiences. Continue to build ljnks with h)cal sclh)ol& parricularty Fishbo C of E PrAn)ary SCI11 to aid snb)oth transition from Pre-scknl to School. . and SId on its behalf by: Tntee PaF6
FIshIllrne Pre-school Llmlted Independent Eiarniner'$ Report lo the trnstees of Flshbourne Pre-SelHbol Limited ('Iht Company,) I report io the chariry trustets ott my exan}ir of the aCrunts of the Cojrgany for the ye4T ended 31 Augus1 2025. Respon8lbllltles and bxds of report As the charity's twsttts of the Company (and also its directoTs for the purwse$ of compaDy law) you are respor1bIe for the prep8Tation of the accounts itt accord th the requirements of Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the acc(rtllts of th¢ Cowy are Th)t fftiuirnl to be audited utyJ¢r Part 16 of the 2006 Aet and are eligible for indepelldeDt examinatio l Tep(rft in respect of my ¢xamination of your ¢haTity's accounts as carried out under section 145 of the ChaTiti¢s Act 2011 ('th¢ 201 l A¢t'). Jn (¥rryiDg out my examinalion I have followed the Directions wven by the Charity Conynission se10 145(5)(b) of the 2011 Act. Independent eL9mlner's lIenllt I have completed my examittOrn I confirm that ve come to tny attention in CODt*Clion with the examination giviDg me v5¢ to believe: l. accounling records were not kw in rvspwt of FiSlA Pre-Sclb)ol Limitrd as Tequire4J by se¢¢iorn 380 of the 20 ACL or 2. the accounts do not acwrd Thith those records: or 3. the accounts do tt(x con¥ly with the accouTrtin8 TequireD)eDts of s¢diort 396 Of the 2006 Act other than any requirement thai the accouttts give a 'tn% atMI fair view whicb is t a matter considered as part of an irtdependent exami1100 or 4. the accout bave not beeD prepartyj in #¢COrd wi¢h the methods and principles of th¢ Strtement of Reeommended Praaice ftir Accouniing I1 rewning by tharitie5 lapplicablE to charities preparing th¢ir accounts in accordance with the FinaTKial R¢wK¢ing StswJ•td applicable in the UK and Rqyublic of Irelattd (FRS 1021]. I have no eoncenLs And have come across no other mallers in Contwtion with the examination to which attention skK>uld drawn in this rewrt in orderkn erAble a PTOPU w¥je8 of the accounts to be reached. Mrs Gillian Mclntosh ICAEW Well¢sl¢y Hous¢ 204 tAdOn Roid Wat¢rlooville Hampshire P07 7AN P88¢ 7
ststemenl of Flnancial Aetivities for the Year Ended 31 August 2025 (Includlng In¢ome and Expenditsre Aeeount and St8ttment of Total Re¢ogni$ed Calns and Losses) Uxwtrleted funds Tot1 202S Note Ineome d EttdowmeDts frnm: ChaTitable activities Investment inwme 155.397 1231 155J97 1231 Totsl inco 156.628 156,628 Expendltwre on: Raising funds Charitsble acliviti¢s 118 171.657 171,657 Total expertditiwe Net expenditUT¢ (171,539 {171.539 14.911 14.911 Net mov¢men¢ in fiThJs (14.911) {14,911) ReconelMtlo• of fud8 Totsl fiThJs brou8bt forward Totol fimds carried forward 109238 109.238 94J27 Uorestricled 94,327 Tot1 2024 Note Incomo and EDdowmemts frou Charitsble activkties Investmetrt 170.754 2263 170.754 2263 Totsl iN)m¢ 173.017 173.017 ExpeDdlture •n: Raising funds Ctrwitable activiti¢S 176.080 (176.080 Total expendity Net expenditur {176.076) (176,076} (3.059 3,059 Net movem¢nt in fillMIs 13,059) (3.059) R¢e•n¢lll•tlon of lunds Totsl funds bTOU8ht forword Totsl fimds carried fotiwd 112297 112.297 109238 109.238 The tM)tes on pages I I to 19 forni an intwal putof th¢5¢ fillaTla7 stateme&
Flshbourne PrknO01 Limited ststemeDt of Financial Acbvities for the Year Ended 31 August 2025 Uncluding Income and Expendlthre A¢¢ouut and StateDnt of Tolal Re¢ognised Galns and Losses) All of th¢ ¢harity'$ wiviti¢S derive from CQWinutng op¢ri(m duritig th¢ I1C pericwts. The funds breakdown for 2024 is shown in Th)te I l. The notss on pa8e5 1 I to 19 fonn ao iDte8rn1 part of tlse finoncial sthtements. Page 9
Flshbourne Pre&hool Limited (Registration number IM941788) Balance Sheet #s At 31 August 2025 2025 2024 Flxed s8ets Tangible &ssets 19.740 26329 CurreD¢ •ssets Debtors Casb at bank a1 ill bATrJ 1.423 83,740 1,423 92,065 85.163 93.488 Credltors: Amounts falkng due wlthlm one yr 10 1057 10,579 Net CWTr¢nt as¢ts 74,587 82.909 Net 94,327 109.238 FuDd¥ of ¢ht ¢h#rlty: Unrestrlcted UDrestri¢ted funds 94.327 109238 Tothl fuDds 94,327 109238 F¢)r the financial year C1]8 31 AU 2025 th¢ Cknity was enthled w exemption from audit wid¢r section 477 of th¢ Companies Act 2(X16 retsting to small coyi DirectoiB' responsibilities: Tl)e members have not required the thrity to ¥n audit of its accounts for the year iti questton in aceordance with section 476: and The directors a¢knowledgc thtir rL$1b1littl8 for corrylyin8 th¢ rEquirenll1$ of the Act with respec¢ ¢0 accountirs recorth the preparntion of and $i8Ded oll their beljalf by.. RBe TnIse The notes on pages I I to 19 fomi an int¢wal part of these fiDancial state1. Page 10
Flshbourne Pre-school Llmlted Notes lo the Flnandal Statements for Ihe Year Ended 31 August 2025 I Charlty sttus The chariry is limited by slwe capital, incory in England. The addTess of its regtstered office is: FIShtme Pre•School Ltd 48 BlacktK)y Lane FishErne Chichester Wesi Sussex P018 8BE 2 Aeeounll•g p¢% Summary rfslgDlfle4ot 8etouDti•g polltlts aAd key #ttoumdng estIllte5 The principal 8W)UDting policies applied in the Preparation of these fu11 statatYDts set out below. These policies have been CQDSiStentiy applied to all the F&esented. unless othmvise stst¢d. Statement of eompll•Trce The flnaneial #atements httve been pwarJ in XCOr with Acc(Kmling awl Reporting by Chariiies: Sthtement of Rrfommer¥]¢d Prnctic¢ (applicabie to charities prepry their accounts in xcordwK¢ with the Financial R¢porting S1rd applicable in the UK and Republic of Irelaryj (FRS 102)) (Issu in October 2019) - (Charities SORP {FRS 102)), thc Financial ReI]D8 SthThJard applicable in the UK 4NI R¢publi¢ of Irelalld (FRS 102) and the Compgnie5 Ad 2006. Basls ofprepr*lfion Fishbourn¢ Pre-Sc1Kl Limite4J m¢cts the defin0 of ¥ pthli¢ btLefit entity under FRS 102. Assets 8nd liabilities are initially recognised at bistsl CO or value unlets otherwise ststed in the relevant accounting policy nole& G•lu8 ¢Me¢rn The tn¢¢5 Consider that there are IDateri ur&ta #IM)Ut the charity's ability to continue a8 a going ¢on¢¢m nor any significant areas of uncertainty tbat affeci the ¢]D8 V41uE of assets beld by the charity. Income and endowtneDts Dividen(L% are rttogtiised ottce the dividend bos be declared and notification been r¢ceiv¢d of the dividend
Flshbollrne Prtr&h4)ol Limited Notes to the Flnandal Statsments for the YeAr Ended 31 August 2025 Expendlthre All eXnd1]re is reco8Dised 0C there is a kgal or ernStrtive obligation io that expeIlture. it is probable settlemcnt is required 8t the amount can be rneas re]itibly. All (x)sts are allted to tbe applicable exp¢ndilure h¢adiog that a88reg8te similar costs to that category. Whuc costs cattnot be dRrethty atttibuted to particular headings th¢y knv¢ be¢n allLKaied on a basis consistent with the use of resources. with centsal staff costs allocated on the basis of time sp¢nL and qkprea'ation ctse$ allocad on the wtion of the et'S Se. ot support costs are allted based oo th¢ Spr of 5tAff costs. IslMgf#nds These aTe costs incurred in attrxting voluntary irK¥Jme. the of inVeStsnts and those imned in trading activities that raise fun& ChaAthble achlvltles Charitsble expenditUTe cornprises those costs itKusred by th¢ charity in the delivery of its activities and seThices fol its beneficiarie& It includes both costs caD be allwa¢ed directly to wcb activities and those ¢ost$ of an indir¢¢i nature necessary to support them. Txation The charity is eonsidered to the teth set oul in I Scbcduk 6 of the Finance Act 2010 and therefore it meets the deflniiion of a charitsble company for UK CO[#tiOn tLX PUTposes. AccoTdingly. th¢ charity 1$ poientiajly exempt from atiOn in reS¢t of income OT Capital gains rtceived within categories covered by Chaptsr 3 Part I I of the Cotporaiion Tax Act 2010 or Sedion 256 of th¢ Twtion of CIw8eable GaiDs Act 1992, to the extellt that xuch irteome or 8aitt$ are applied exclusively ty cjwitabk rnwpose Tanglble Ilzed sgts Individual red a&8ets Co18 £100.(Klor aT¢ initially rw)Td¢d At COSL Depred¢loD And auwti54tlo D¢preei&tLOrt is provided ott tangible fLxed assets so as to writ¢ off thc ¢$t or valuation, less any estimated residual value, over their expeded seI econ1¢ life as follo Trde debtors TTad¢ debtors or¢ 8nM)unts due from eOr[S for rnuchaThJise x)Id or services performed in the ordinary ¢ourse of business. Trade debtors 8r¢ rIled initially ai the tiattsa They ¥re subsequently ttM8Uted at anx)rtised ¢os¢ using the effective interrst mell4 less ptovisiott for inyirmeDL A provision for the impairnThi of trade debtors is established wheD there is objcdive evid¢we dw the eknrity will t be abl¢ to colle¢t all omounts due according to the original of the rtiVable$. Cash Ind ¢¥h ¢qUIventS C#5h and cash equivalents comprise on lllnd and derK)silS. a[ other SlKTrrt-Irn highly liquid investments that aTe readily convertible io a knowD amtsunt of e4sh and are sthject to an insignificani risk of chatL8e in value. Pw12
Flshbourne Prts&hool Limited Notes to the Thanclal StateJD¢Dts for the Year Ended 31 August 2025 Borrowlngs Interest-bearirtg borrowizw are Initially re¢d at fair vlll, of tr8n%actioo costs. Interest-bearing borrowings 4re subsequently carried amortised c05L with the diff¢renc¢ beNveen the proceeds. net of transaction costs, 4t thc amount dwe on red¢mption belo8 recognised as a to th¢ Statemeni of Financial Activiiies over th¢ peri or the Televant iKYTrOwi& Int¢r¢st ¢xp¢ns¢ 1$ recolS¢ the bL8is of the effedive inttst thl 8fy1 is included in inrest pale and similar charg¢s. BoTrowing5 are clas5ifiEd J5 Cwrent liabilities unle&8 the chwity bas an une0[11101I ri1 to defer settlement of the liabiliry for at le&8t twelve llKTrDths aft¢r thE rep)rtitt8 da ForeD exehngt Tr8nsaeiions in foreign cwrencies ar¢ TecoTd¢d at the rate of exchange at th¢ dat¢ of the traLsaction. Monetary assets and liabilities deMInated in foreign cUrT¢I&5 at the balae sheet date are reported at the rates of exchange prevailing at thAt date. The results of overseas op10DS are traD51at¢d at th¢ Jvera8e rales of exchange thuing the period and their balance sheets at the rates rnling ai the balaoce slKet da¢e. EKrlw differences aTising on trSlation of the openin8 net Assets and results of overseas operdtions iti (th conwekn5iv¢ In¢0 aTrJ o¢¢umlllated in equity (attributed to nondcontrollin8 interests as appr)ri31). Other excimnge differencts aTe reco8uised in Stat¢nty of FiDarKial Activiti¢s in th¢ p¢riiNJ itt wbi¢trL they arise ¢xcept for: l} tx¢han8e diffeyew on transactions eDt¢red into kn hedge certain foreign currew risks (s¢e above). 2) exchange differenees arisin8 on 8aiTh8 or 1055¢5 on noll-n items which ar¢ r015rd ID Other comprehensive income" and 3) in th¢ ¢4s¢ of th¢ ¢onsolided fmallcial ¢x diff OD mow ilenks T1¥1¢ from or payabl¢ to a foreign operatioo for settlem¢Dt neither planned likely to occur (thv¢fore forming part of th¢ nel inve5ttD¢nt ID the forei8n operatiOD}. whicb are recotsed in other rehenSIVe iwome and reported under equity. Flld Jtruttllre Unrestricted income fiMMls are g¢JKral fiuth that ue available for w¢ at the knjstC discretion in furtherance of the objectives of the charity. Page 13
Flsbbourne PrSChool Limited Notes to the TrlnaDcSal Stslememts for the Year Ended 31 August 2025 Fill1?1 •58¢L5 and fiDgTh¢il liabilitKs are reco8nised the charity becomes a party to the contr0cal provisions of the illstrum. Financial li4bilili¢s and ¢quity Imtru a cl&s5ified accordi08 to the of the conknctuai arr8n8emettts enkred into. An equity inst[nt is thpt evidets a residual IDtere in the assets of the elwity after dedting all of its liabilitie& All financial assets and liabilitie5 aTr initialty meagra at traIL pri (tncluding trantion ¢osts). ¢x¢¢pt for those financial assets classified as at fair through profit or 104 which are Initi]Y measured ot f4ir vY41u¢ {wkich is noMllY the traDwtion prac¢ exclwlitig tra#10ft ¢ts}. te&S the aTrangemen¢ constitutes a fthanciti8 transaction. If an arrangement ¢owtitut¢s a fmattcitig tratt%actioffj the fiDaDcial asxt or finala1 liability is measured at the PTesent value of the future pats di8¢<MJnt¢d Jnarket rate of intereA for a similar debt i]TnI. Financial assets aThl liabilities a (ffljy offsd in th? of fiancial posI)ll whm and only when theT¢ exists a legally enforceabk right to set off the reco11 amounts the charity InjS either to settle OD a net basi4 OT to realise the asset arni setkle the liabiknty sitnultsnethLsIy. Financial assets aTe derecwi5ed when and only a) the Contracts rights to the cash flows from the fllmneial asset expire or are set¢W b} th¢ dwity trwL8fets to wK)th¢r phty sthwitially all of the risks 4Ad rewards of ownership of the fjnancial a&K or ¢) the ¢lwTity. d¢sPit¢ having retained sorne. but not all. Silf1¢t risks and Financial liabilities are degnIsed onty when th¢ obligJtioD Splfied io the contract is discharged, cancelled or expir&4. Page 14
hbourne Pre-sehool Llmlted Notes to the Finaneixl StatellDts for the Year EDded 31 August 2025 Debt itistnjmenrs whieh med the following conditiOJLS are subsequently Treawr at allKirti5ed cosl using the effeeiive inierest method.. (A) The Contracnl reDJrn to the holder is {1) a fixed aUnL (li) a wl7ve fixed T¥ or 4 pD5itive variable rate. or (iii) a combinaiion of a positive ora ILe8ative fLxed rate a1 a positive vaTiabl¢ rate. (b) The ¢ontra¢t miy provide for repar$ of th¢ willcipal or ttturn to the knlder (but not both) to be Itnk¢d to 8 single relevant observable ittdex of 8enernl pri¢¢ ititl10n of the cwrew in which the debt iD5trurnent is deMInated. provided Suth links ¥re IMM kv¢T•ged (c) The CODtra¢t may PTovid¢ foT a dd¢nDinabk vaTiation of the teturn to the holder during the lif¢ of the instrument, PTovided that (i) the n¢w Tate satisfies wndition {a) Jnd the variation is coniiii8ent on futLwe events other than (l) a clw)ge of a Contract variabl¢ rat¢. (2) io prot¢d th¢ holder a8aitLSt credit deterioraiion of th¢ i8su¢r. (3) ¢hanges in levies applied by a centrnl bank or aTisiThg fronb ffkvant talon or law. OT (li) the new rat¢ is a market rate of inKst and satisfies condiiion (a). (d) There is no contractual provision that by Tts i¢ru4 Tr5uIt in the bolder Ic6iDB the Princi) amount or Any interesi atiributsble to the current mod OT pfioT (e} Contractual provisions that pennit th¢ ÈSSU¢T to prepay a d¢b¢ ill61ru or perniit the knlder to put Èt back to the issuer before matiuity are IKJt contingen¢ on futtwe ev other than to protect the boldeT a1Th$t the Credit deterioration of the issuer OT a change in control of the i5wer. or to pCe{ the bolder or issuer against ¢hang¢s in levies applied by a central bank or arisin8 from dwi8e5 in relevant tsxation or law. (O Contractual provisions njay permit the exte10 of the tenn of th¢ debt i1L8iruL Provided that the retsun ¢0 the holder and any other con1rx] pmvisions applicabk duriDg the extended term satfy the conditions of paragrap (a) io (c). Deix itistrumthts that are classified as payable or T¢1dbIg withiti one yeat on initial recognition aThl whith meet the above conditM)]Js are measured ai the vtm1isc0un of the cth or other coThsideration expected to be p8id or received, rtet of in)pairn]ent. With the excewion of some hedging instru• other debt instrll rMIt neting these conditions ar¢ measured 8t fair value througb profit or los& Commitm¢nL% to make atrj receive klans wbith the coThJition5 ti¢ntioned alK)ve are Measur ai cost (which may be nil) less irnpaiTm¢nt. Inv¢stnrnts in non4onYertible preferewx shaTes aNI nOn-1)ble ordiw or ryeference shares (where shares gre publi¢ly traded OT their fair value is reliably meawknle) are m¢¥suttd at fair value through profit or loss. Where fair valu¢ cannot b¢ nKaswed reliably IDvestments are Measur al Cost 1¢$$ impaiTtrMt. InV¢Stnrtts in subsidiaries and associates are Meas at ¢0# I¢s5 impaiTmEnl. FDr invcstETr%nts in subsidiaries acquired for wnsid¢ration includ8 the iw of shares qualifying for llwg¢r r¢li¢f. wst is mEasured by reference to the Dominal va]ue of th¢ slwes i&sued phLS fair Wal of c4herconsideratioTh Any PT¢miUm IS i8lloTd. Poge 15
shbourne Pre-school Limlted Notes to the Flnanelal statenllts for the Year Ended 31 August 2025 DerIVodj7aH¢Ill The chariry uses detivative fmanciai iTr8tr to red¢ eXP(N to forei8n excbange risk and interest rnte movements. The charity does not hold or issue d1VatiVe fu11 iD5tnmts for sp¢¢ulativ¢ putp(&ses. t>¢tivatives are initially rvlsed at faiT value at th¢ date • d¢rivativ¢ contract is entered into aTMI are subsequently remeasured to their fair value at eacb reporting da. The rewlting gain or Ioss is Tecogni5ed in slate1tt of financial activities inunediately unless the derivative is designated aThJ effective a5 a h¢dgiDg instrunI. in wbich eY¢nt the timing of the recognitw)n in statem1 of financial actiyittes deFnd5 on the nature of the hedge r¢laliortship. FAir The b&ql evidence of fair Val is a quot price for an ida1¢1 ¥ss¢t in ats a¢tiv¢ mlkn When quoted prices are unavailable. the price of a Yecent Iransaction for an identical assd provid¢s evid¢n¢¢ of fair v4lue as long as th¢re has not been a significant Che in econornic circunLes or a Silfi1 laps¢ of tinK th¢ traDsJdioD took place. If the market is noi adive and recent tra[108 of an thrtKal asset QD their own are Dot a good ¢stimat¢ (yf fatr value. the fair value is estinmted by a valuation tthique. 3 Expellditure thritalAe •¢tlviia funds CtraI Totsl 2025 Tot1 2024 Fundraising costs Employmen¢ costs EstablkshTDent costs Repairs aTMI m&intsaTKe Office expenses Printing. postsge and sthtionery Subscriptions and th)nations Sw)dry 8nd other costs Cleaning Travel and subsiste¢ LeBal aThJ professional costs Depreciation of tatigible fixed Accountancy F¢¢s (118) 133556 IlJ19 9261 1.614 629 1977 {4) 129,103 14261 7,866 4.514 710 1.450 1,503 252 133.556 IlJ19 9261 1,614 629 1.977 985 31 210 1.892 6.589 3.S94 31 210 1.892 589 3.594 1,892 .776 4,753 171539 171.539 176.076 Pa8¢ 16
Ishbourne Pre-school Llmlted Notes to the FIDandal Statements for the Year Ended 31 August 2025 4 Tr¥st¢# rtmuoer•tlon ewsej No thjstees, nor any persoAsconncctrd with have rtttived any ttnumtioll from the charity during the year. No trustees have received any re1urS eXpee$ or other benefits from the ClrIty duTiDg the year. S St4ff costs The a88re8ate pyroll costs were as follows: 2025 2024 Stff ¢•8ts dvrittt Ib¢ yurw¢rn: Wages and salaries 129,947 129,103 The nK)nthly av¢rn8e number of perwns (Incl178 senior Jnan• I lerslllP team} eoyloyed by the charity during th¢ yw ¢xpr¢ss¢d &% full time equiv8l¢Dts 8$ follo 2025 No 2(124 No Prtrschool staff 10 io No ¢mploy¢e receiv1 lUments of nK)T¢ thaD £fll.(KKI durin8 the year. Page 17
Flshbourne Prfr&hool Llmlted otes to the Flll¥Jn¢ial Slatements for the Year Ended 31 August 2025 6 T•xtlo The eharity is & registered Charity is ¢x¢tt4x from ta10 7 Tn8lble fized assets Fwrniture gnd eqwipJn¢t T•tal Cost Ai I S¢ptenkn 2024 94,506 94.506 At 31 August 2025 94,506 94.506 Deprerla¢lon At I September 2024 Charge for th¢ y 68,177 6.589 68,177 6.589 AI 31 Au8us¢ 2023 74.766 74.766 Net book vlut At 31 Auwt 2025 19.740 19.740 At 31 Aus1 2024 26.329 26,329 8 Drbtors 2025 2024 PrePaynnts 1.423 .423 9 C$h #nd equlvleNts 2025 2024 Cash ai b3Dk 83.740 92.065 Page 18
Flsbbourne Pr$th0o1 Limfitsd Notes to the Finan¢lal Statements for the Year Ended 31 August 2025 10 Credltorn mouDts f4Ul•8 de with1• year 2025 2024 (Xher tlution wcial security Other Creditors Accnwis 452 371 9.753 378 448 9.753 10,576 10.579 11 Fundi BaJnce at I BAn¢C It 31 AM8USt 2D25 2•24 e4KDded U•reJtrkted fullds Generol U[striCted fiumjs 109238 156.628 171.539 94.327 Bl#n£e It I September Rew4r¢es Augu$l 2024 Unre5trlcted funds Genernl Uffjrtstricied funds I IU97 173.017 176,076 109.238 Pa8e 19