REGISTERED COMPANY NUMBER: 05230651 (England and Wales) REGISTERED CHARITY NUMBER: 1107414
Report of the Trustees and Financial Statements
for the Year Ended 31st August 2024
for
BOVINGDON PRE-SCHOOL
Attenboroughs (Accountants) Limited Chartered Certified Accountants 1 Tower House Tower Centre Hoddesdon Hertfordshire EN11 8UR
BOVINGDON PRE-SCHOOL Contents of the Financial Statements for the year ended 31st August 2024 Page Report of the Trustees Independent Examiner's Report Stalement of Financial ActiTrities B4lon¢¢ Sheet Notes to the Flnanrl41 Sla¢ernents 9 10 14
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Reporr of the Trustees for the year ended 31st August 2024 The Iruslees who are also directors of ihe charity for the purSeS of Ilie Companies Act £006, present their report with Ihe fiiiancial btulcmunt4 ot-thL uharily fur thL yLur ciidLd 31 st Augii4t 7024. Thc tni4tccs huvu adoptLd tlic provisions of Acuouiiting und RLPOrting by Charities: Statemeni of Recommended Practice applicable io cliariiies preparing (heir accoun¢g in accordance with tlie Financial Reporting Standard applicable in the UK and RepLibliL of Ireland (FRS 102) (effective l January 2019). OBJECTIVES ALYD ACTIVITIES ()bjectives and aims Bovingdon Pre-school is a charity wl)ose airns aye: To enliance tlie developineiit and education of children under statutory school age in a parent-involving, conimunily based Aroup. To providc a %afc, bLL'ure and stiimuldling cnvironmLnt. To work Mrithin a framework which ensures equality of opportunity for all children and fainil ies. To eiicourage Lhildren lo be independent and have fuii and friendship with ehildren and other adulib. Publle beneflt Thc charity aLknowlcdgcs ils rLquifLrnciils lo dLmonstraic Llcarly that il must liavL charilablL purposes or aiins that arL for thL public benetil. Tlie cliarily has referred to guidance coniained in Ilie Charity Commission's general guidance on public benetil when reviewing the aims and ubjectives and in planning future ailivities. Volunteer5 Volunlccrs conlinuL lo play an important rolc in the day-lo-day rLiiining ot the Prc-SLhool and organising fund raising CVLnls. FINANCIAL REVIEW Flnancial position The eharily has geiieral reserves of £54,019 (2023 £10,745) at the end of the year, which are sufficient lo cover Inonihs 5-6 months Lharilabl¢ expeiises aiid olhei. costs. Prlnelpal fundlng sourees Tlie Imtijority ot. the incoine tor the Pre-school comes froin tee%. Tlie4e are mllde up trom payments by parent%/¢arer4 well Gol'emiiienl grants. The funding I'eceiN'ed froin fundraisiiig is generally used lo buy Inore play equipment. Inveslment policy and objertli'es Mobl of the C'harity's funds are 5penl in the sliorl lerm, bul a prudent amount is kept in reserves. This reserve LS Lnvebled in a LoiiimerL'iul Comnion Invesliiieni Fund whiLh Luniinue% to 8hLlW u low relurii. The Cl)(Irity ulso holdt> U 8uviiig% aLLounl with N irgin Money which pays a modest interest rale. Reserves policy The Manageinenl Commillee feels that a level ofreserves is required lo meet 2-3 Inonihs of noi'mal expenditure. This is based on the L,harily's size and the level ot finunLiul Luinmitinenl% held. The Man(Igenient Comniiltee llini lu en%ure the Lhurity will be uble to oniiiiue lo fiilfill its cliarilable objeciives even if there is a temporary shortfall in income or unexpected expenditure. The Management C'.ommittee will endeavour not lo sel aside tunds unnecessarily. Golng coneern The chdrityllkli adeciuale reserves to Lunlinue as a gL)ing Loncerii for the fore%eeable future. Page I
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Reporr of the Trustees for the year ended 31st August 2024 FUTURE PLANS The Pre-SLhool plans to Lontinue to t"ulfill its aims in the forthLoming years. Looking ahead, the Pre-school remains coinmitted to providin&T a stiinulatingy, crcativc, sat"c. supportivc and happy cnvironmcnt tor all thc clii1drn in our carc. A key t"oLus t.or the Luniing year 1% the onloing iniprovement ot" the g(irden area. We are L'urrenil J awditiiig the outLoine uf a graiil applicalion io support this project. Should the grant be unsuccessful, we plan lo organise a dedicaled fundraising event. Proposed enhancements include painting the existing wooden furiiitiire, Lonstructing an obstacle course, developing a planting station and r¢placingy soine ot the exisling, plastic items with Inore sustaiiiable wooden garden turnitur¢ and equipment. MurkLting LtTort% ovLr thL PtI8t VLUI hdVL yiLldLd positlVL rL%ult%, dL%PitL a limitLd iiunibLr of LhildrLll in thL IoLiII arLLI. WL will continue to focus oli encouragiiig ¢he registration of two-year olds lo help increase our intake and retentioii iii Il)e future. Additionally, we aim lo strengthen parental involvenienl in the runiiing of Ilie Pre-SLhool, parliiularly in relation to fundraising activities. To support this, we plan to Inerg>e the exislinLF coniniiltee and the fundraisin&F sub-coimimittee into one teain. As part ol. this reslruclure, we intend lo introduce a new role of 'Head of Fundraising, lo lead and coordinate efforts inore effeclively. It is plEbnned that the M&G Chariboiid Charities Fixed Interest Fund will be sold aiid the proceeds will l)e held in the CAF bank STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Tlie ihai'ily is controllcd by its govLrning dociiinLJlI, a dcLd of trust, and Lonstilutis a limitcd Lompany, limiicd b). guarantLc, as d¢lin¢d by th¢ Companies A¢1 2006. Tlie Pre-scliool 1% d chdriluble compdiiy limitecl by spuar¢llltee, iiicorporaled Dn 15th Septeinber 21K)4 diid rebTi%lered d clidrily 22nd Deeeinber 2004. Tlie coinpany was LStablished under a Memordllduin of Association which established Ilie objeils and powers of Ihc cliarilablc Lompany and is govcrncd undcr ils Aniulcs of Association. In Ihc cvcni ot" Ilic Lompany bLing wound-up. Incmbers are required to contribute an amollnl not exceeding £ l . Recruilmenl and appoinlment of nelv trustees Cominillee iiieiiibei's are volunteers who give their liine to the Pre-school. We encourage iiew nieinbers and involveinenl froin al I parents. As ,¢11 as the dtsy-to-day running of the Pre-SL'hool we endtavour to iaibe extra inLome via fundraising events run by the Pre-school Pareiits Groiip. We hold Inontlily meeiings, where Pre-school policies are reviewed and other issues relalitr)g to the Pre-school are raised and dealt with. Organisational strueturo The Pre-SLhool a Management Coinmiltee made up of between 5 and l? members ot" whiLh ot least 60/0 musl be Fdmily Meinbers ot the conipany ai (he lime ol. eleciion. The Coiiiiniiiee nieinbers will serve until Ilie nexi AGM when they sliall be eligvible for re-election unless they have served in any capacity for 6 consecutive years (4 for ¢o-opied members). The Management Commitiee are responsible for seiiing and reviewing the policies of the Pre-school. whilsl the day-lo-day running of the Pre-SLhool is inanaged by ihe Pre-school Supervisor. Inductlon and traliilng of new trustees Neiv trustee4 dre oiven a 'WelLome Pack, whiLh inLludes deldil% ot their re%poiliibililiE% a4 well a LOPY of the Men10raiidum und Articles of Association. Additionally, they are briefed by the Chair of tlie Manageinent C.oinrnillee or anoiher exislinTr trustee aboul the 'OrkingS of the c.ommittee. Related parties GuidanLe and reLunimendations tor the running of the Pre-SLhool are received froin Of%ted dnd the Pre-SLhool Ledming Alliance. Page 2
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Reporr of the Trustees for the year ended 31st August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management Thc ManagcmLnt Cumniittcc and Prc-SLhovl stuff Lurry out r¥gular r¢iLw of tlic riskb to thL ChrItY. Tlic m&jur risks urL thc hcalth and safely of Uie cliildr¢n, slaff. helpers and visitors to the Pre-school and procedures ar¢ in place io ensure compliance wilh health and safely regulations. Financial RisLs are mitigated by tnaintaining a suitable level of reserves and regular reviews of future atlendance leiyels are undcrlakLn, to cn%urL %utiiLicnt tLL illLuinL 14 Inaiiilainud. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nuTnber 05230651 (En.gland and Wales) Registered Charity number 1107414 Reglstered offiee MLmorial Hall High Street Bovingdon H¢mel Hempstead Hertford%hire HP.3 OHJ Trustees E Campbell-smith - C'.hair (resigned 11912023) M Mourdll {resi¥ned 119120231 F Reil ly (resigned 11912023) M JacksL)n Treasurer (resigned 119120231 L Moxley {resigyned 119120231 H Richardson Iresigned 311812024) A Medd Clidirper4on (dppoinied 11912023) {re¥iyned 311812024) K Carruihers {appoinled 11912023) (resigned 311812024) L Gavin (appoinied I IL)12023) (resigned 3111112024) K Stuan (appointed 11912023) (resigined 31 ISI?024} E Wilson (appoinled 11912023} (resigned 311812024) A Ciiuy lappoiiiled 1191&f)24) E Mitchell (appoinied 1,'912024) E Anderson {appointed 11912024 Company Secretar) N ArLher Independent Examiner Nikki Di-ake Aite.nborough% (AcLounlanls) Limile.d Chdrter¥d Certified ALLC)unthnls l Tower House Tower C'.enlre Hoddesdon Heiifoi'dsliiI'e ENII 8UR Pre-school Manager Ms K Warner Appruved by ordcr uf the board of tru4tccs on 29th May 2025 dnd .% junLMI on it% behAIt-by'. Page 3
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Reporr of the Trustees for the year ended 31st August 2024 A Gray - Trustee Page 4
Independet Examiner'5 Report to the Trustees of Bovingdon Pre4chool Independent examiner's report to the trustees of Bovingdon Pre-school ('the Company,) I report to the Lharity trustees on my examination of the atitiounts of the Company for the year ended 31 st August 2024. Responsibilities and basis of report As thc LhJrit} & trustcLs of tliL Cotnpuny (and also ils director% for thc purposcs of Lumpuny lawl you rc%ponbiblL fur thu preparation of the accounts in accordance witli tli¢ requirements of the Companies Act 2006 ('Ihe 2000 Acl'}. Havin&v satisf led Inyselt, that the account5 of the Company are not required to be audited under Part 16 ot, the 2006 Act and are eligible for independent examinalion, I report in respecl of my exaininalion of your Lliarity's acbounls as carried out under Section 145 ot thL LharitiL% ALI 2U I I I'IIIL 2U I I ALt')- In Larrying out tlly L'xaininulion I huvL followLd IhL L)irLLtiun8 givLn by ihc Charity Commission uiider Section 145{51 (b) of the 201 l Act. Independent exarniner'5 Stglement I have completed Iny examination. I confirn] that no Inalters have come to iny attention in connection with Ilie examination RivinR me L'au%c lo bLIiLwL': accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accountb do not accord with those record5. OT the ac¢oun18 do nol comply with the accounting requirements of Section 796 of the ?006 Acl other Ihaii any requireineni Ihal thc aLLounrs givc a truL and t.air viLw whicli is not a rnattLr Lonsidcrcd as part of an indLpcndLnt cxamination; or tlie accounls have not been prepared in accordance with the nietliods and prinLiples ol. Ihe Sialement ol. Recomni¢nded Practice for accounting and reporting by charities (applicable to cliai'ities preparing their accounts in aLcordan¥¢ willi Ilie Financial Reportingy Stdiidard dpplicable in the UK and Republic ot Ireland (FRS 102)). I hdvL no conLLrns and have eorne aLross no other n)atlLrs in LonncLILOli Willi thL cxamiiiation lo whiLh fltlcntioii sholild bL drnwn in this r¢port in ord¢r to enable a prop¢r und¢rslanding ot. the accounts to b¢ r¢a¢h¢d. Nikki Drake Aiienborough4 (AcLounlanls) Limiled Chanered Certified ALLouiiillllis l Tower House Tower Centre Hodde5doii Herifordshire ENII ¥UR 29th May 2U25 PagFe 5
BOVINGDON PRE-SCHOOL Statemenl of Financial Activities for the year ended 31st August 2024 3118124 3118123 Total funds Unrestricted funds Nulcb I]YCOME AND ENDOWMENTS FROTrI Donatioiis and legaLies 5,214 2,087 Chydritable actlvities Earl) Ycar% EduLulion 12(Tr,5U4 105567 Other trading aciivilies Investinent income Total 921 101 13? 740 212 107 946 EXPENDITURE ON Charitable aLtivities Earlj Years Educaiion 86,343 101,143 Oth¢r Tolul 23.104 109.447 123 372 Nel gainb on inveslinenls 425 IYET ILYCOME/{EXPENDITURE) 23,718 (15,426) RECnNCILIATlnN OF FUNDS Toial funds broughi forivard 30,745 46,171 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial sl&iemen¢s Page 6
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Balance Sheet 31st August 2024 3118124 31181?3 Total funds Unrestricted funds Nulcb FI,XED ASSETS Tanble asseis Investinents 556 ,112 3,838 CURRENT ASSETS Debiop Cash at bank and in hand 10 1,499 843 53,65C) 29.110 CREDITORS Ainounts falling due within one year (3,034) (2,534) IYET CURRENT ASSETS 50,625 26,776 TOTAL ASSETS LESS CURRENT LIABILITIES 54,463 30,745 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 12 30.745 Tlie Lharilable Lomp(Iny is entitled lo exeinption trom audit under SeLIiL)n 477 uf Ilie Cunipunies ALI 2006 for tlie year ended 31 51 Augusl 2024. The meinbei'g have nol required ihe company lo obiain an audit of lis financial slaiein¢nis for ihe year end¢d 31 si Augusl 2024 in aL'L'(JrdaiiLe with SeLIiL)n 476 of Ilie Coinpanies ALI &OO(I. The Inislees acknowledge tlieir rpOnsIbIlitie.5 tor (a) ensui'ii)g that Ilie charitable coinpaiiy keeps accounting records Ilial comply with Sections 386 and 387 of the Coinpanies Acl 2006 dnd preparing fLnancial sialements which give a true aiid fair view of the slate of affairs of the charitable coinpany as at Ihe end of each financial year and of 115 surplLlS or deficit for eaLh financial year in accordance with the requirements of Sections 394 nd 395 aiid whicli otherwise coniply witli th¢ requireim¢nts ot the Coinpanies A¢t 2006 relating to financial statements, so far a5 applicable to Ihe charitable company. (b) The notes form part of these financial sl&iemen¢s Page 7 continued..-
BOVINGDON PRE-SCHOOL (REGJSTERED NUMBER: 05230651) Balance Sheet- continued 31st August 2024 These finanLi81 statements have been prepared in accordance with the provisions applicable lo charitable Lompanies subjeLI to the small companies regitlle. The linancial $ta¢emen¢s were approved b}, (he Board of Trustees and aulhorised for issue 011 29th May 2025 and were signed on ils behalf by.. A Gray - Trustee The notes form part of these financial sl&iemen¢s Page 8
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5 for the year ended 31st August 2024 ACCOUNTING POLICIES Basis of preparing the finanei#l tytatements The financial slaienieiils of tlie chariiable company, which is a public benefil eniily under FRS 102. have been prepared iii accordaIice with the Charilies SORP (FRS 102) 'ALcounting and Reporting by Charities-. Sialetnenl of Recommended Practice applicable to charities preparinbF their accounT5 in accordance with the Financial R¢portinb, Standard applicable in the UK and Republic of Ireland (FRS 102} (effectiiie l January 2019),, Financial Reporting Siandard 102 'The Financial KLpuning Slanddrd appliLablL in thL' UK dnd RLpubliL of IrL'lund' and thu LompaniL% AL'I 2UU(Tr. 'I"hL tiiianiiul slalLmL'nt have been prepared under the hi51oll¢al c05l coi)venlion, with the exception of inve51menls which are included at market value, as modified by the revaluation of certain assets. Ineoine All iiiLoinc 1% rcL'ogni%cd in Ilic SidtcmLnt ol" FinunLidl ALIIvLtiL% onLC Ihc Lhurily ha% cnliilcinLnt lo Ihc fund%, it 1% probablc that the incoine will be received and tlie amount can be measured reliabl .. Expenditure Liabilirie.8 are recognised as expenditure as soon as there is a legal or consICtiVe obligation coinmilling the cliariiy lo Ihal CXPLndilurc, il Is probablc Iliat a transfer of cconomiL bcnLtLts will bc rLqiiirLd in scttlLmcIil and IhL aniount ot thc obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classitied under lieadings that aggregate all eost related lo th¢ Lalegory. Wher¢ iogls e&?nnol b¢ directly attributed lo pariiLular Iieadings IE]ey have been dllocdled to dcii¥'ilie% oli d ba%14 consi¥lent with the u%e ot. re.%ource%. Tankwiblo fixed ass¥ts D¢pr¢¢ialion is provid¢d al th¢ tollowing annual ral¢s in ord¢r to writ¢ oft. ¢ach ass¢t ov¢r its ¢stimal¢d us¢tul lit¢. Fixtures and fillings 250/u on cost T4%8tion The chariiy is exempt from cotporation tax on ils charitable activities. Fund fftccounting UnreslriLied funds can be used in aLLordanLe with the chariiable L)bjeLlive&4 at the discretion of the trustees. Restricted funds can oiil> be used for particular restricted piirposes wiihiii the objecls of Ihe charily. ReslriLlions arise when speLified by Ilie donor or wheii fundN are raised for pai1iLuldr rthtriL'ted purpose.s. Further explonalion of the nature and purpose of each t.und is included in the noles lo the financial blaleLnents'. Pen51on cosls and other post-retlrement benefits The Lliurilable Luinpany operate% a defined Luntribuliun pension SLheine. Contributiun4 payable to the L.haritsble Lompany, pension scheme are charged lo the Statemeni of Financial Activiiies in the period to wliich they relate. Page 9 continued..-
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5- eontinued for the year ended 31st August 2U24 OTHER TRADING ACTIVITIES 3118123 Fundraising even 921 212 INVESTMENT INCOME 3118124 3118123 Deposit account interest loi 80 NET INCOMEI{EXPENDITURE) Net in¥omel(¢xpendilure) ib slated atler char&iiiigl(cr¢dilin&i): 31181?4 3118123 Depreciatioii owned assets 556 557 TRUSTEES, REMUIYERATJON ALND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 sl August 2024 nor for tlie year elided .115¢ August 2023. Tru$tees' expenses There were no trustees, expenses paid for the year ended 3 1st AugLisI 2024 nor for the year ended 31 sl Augiist 2023. STAFF COSTS 3118124 3118123 Wa&we% aiid salarie Other pension costs 75,803 2,322 85,021 1,242 XA.263 ThL aicra8c monthly nuiiibcr of Lmployces during Ihc year was follows.. .31181?4 311812.3 Pre-school No LmployLLS fLILAVLd LinoluinLnls in LXLL%S Ot £60,000. P¥AEe l O continued..-
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5- eontinued for the year ended 31st August 2U24 COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslriknted INCOME AND ENDOIVMENTS FROM Donatioiis and lebvacies 2,087 Lharitable activities Early Y¢iirs Eduialion 105.567 Other IradiiigT activities Investment income Totll 212 80 107946 EXPF.NDITURE ON Charitable al'tivitie Early Yeurs EduLUtion 101.143 Other Total 22,299 123372 NET INCOME/{EXPENDITURE) (15.426) RECOLNCILIATION OF FUNDS Total funds broiight torward 46.171 TOTAL FUNDS CARIUED FORWARD TANGIBLE FIXED ASSETS Fixiurgs and titlings COST Al I sl September 2023 and 3151 August 2024 DEPRECIATION Al l %t September 21)23 Charge for year Al Ilst ALigu%l 2024 NET BOOK V.4LUE Ai 3 Ibt AugLisI 2024 Al 31 <1 Au&iusl 2023 13,247 556 1.3.S03 556 P¥AEe I I continued..-
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5- eontinued for the year ended 31st August 2U24 FIXED ASSET INVESTMENTS Listed MARKET VALUE At I st September 2023 Revaluations Al 314t ALigus12024 ET BOOK V.4LUE Al 3 1st Aligusl 2U24 Ai 314t Augusi 2023 2,857 425 3,2X2 There were no iiivestnieiit asset5 Outside the UK. c.usl or valuation ut 3 l.¥t Au¥u%t 2024 1% repre.4ented by: Lislcd investments Viilualion in 20111 Valualion in 2019 Valiialion in 20?1 Valualioii in 20?2 Valualion in 2024 38 94 106 (486) 425 3,105 io. DEBTORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 31181?4 3118123 Trade debiors P¥AEe 12 continued..-
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5- eontinued for the year ended 31st August 2U24 ii. CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 3118123 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 1.664 299 287 65 1,071 12. MOVEMENT IN FUNDS Net Inovemenl iii I'und At 119123 3118124 Unrèstricted funds Gen¢ral tuiid 30.745 2J,718 54.463 TOTAL FUNDS 23.718 Net moveinent in t'unds. included in tlie aboi'e are as lollows.. InLvffling resources ResoiirLe expended Cjains and losses Movement in funds Unre5tric¢ed funds Cieneral fund 1.19 74(> (1 fi9,447) 42.5 2.3,7114 TOTAL FUNDS 112740 l 01) 447) 425 Compar#tli'ei• for movement In fund$ Net moveineiil in funds Al 1118123 Al 119122 Unrestricted funds General fund 46,171 (15,426) 30,745 TOTAL FUNDS 15 426) P¥AEe 13 continued..-
BOVINGDON PRE-SCHOOL Notes to the Financial Statement5- eontinued for the year ended 31st August 2U24 12. MOVEMENT IN FUNDS - continued Comparativc nLt movLmint in fund%, inLludLd in thL Jbvvc arc follow%= Incoming resources Resources expended Movement in fruniLg Unrestricted funds Geiieral fulld 107.946 (123,372) (15,426) TOTAL FUNDS 107 946 12.3 37?) 15 426) A current year 12 Tnonths and prior year 12 Inontlis combined position is as followy.. Net mov¢menl iii funds Al 3118124 At 119122 Uiirestrlcted funds Cjeneral tiind 4fi,171 8.292 54,463 TOTAL FUNDS A ¢urtEnt year 12 rnL)nth% and priur year 12 nivnths ¢umbined net moveiment in funds, in¢luded in the above are fulloivs: Incoming resources Req4)iirces expended CIAinq 12nd losses Mnvemenl in tunds Unrestrlcted funds General fuiid 240,686 (232,819) 425 8,292 TOTAL FUNDS 240 686 232 819) 425 13. RELATED PARTY DISCLOSURES There were no related party traii.4action% tor the year eiideLI 31 %t Au&ry]Nl 2024. Page 14
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