LYNDHURST PRE-SCHOOL A COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER: 04584822 (England & Wales) CHARITY NUMBER: 1107974 (England & Wales)
Lyndhurst Pre-school The School High Street Lyndhurst Hampshire SO43 7BB
## **Trustees**
The Trustees, who are also Directors of the charitable company, who have held office for the whole of the year unless otherwise stated, and to the date of this report, are as follows:
Elaine Willis Chairperson resigned 1/6/2025 Barbara Preddy Secretary resigned 30/9/224 Alison Bennett resigned 1/6/2025 Juliet Dunning resigned 30/9/2024 Rosemary Lathey resigned 30/9/2024 Janet Malcom resigned 30/9/2024 Sarah Newman resigned 30/9/2024 Sara Shelton resigned 30/9/2024 Stephen Stafford appointed 24/5/2023 resigned 30/9/2024 Simon Young resigned 30/9/2024
## **Trustees’ Annual Report**
The Trustees present their report and the unaudited financial statements for the charity for the period ended 30 September 2024.
In last year’s report, the Trustees considered there was no realistic option but to close the Pre-School at the end of the Summer 2024 term, in an orderly manner. The PreSchool therefore closed in July 2024, and the administrative steps necessary to ensure an orderly were undertaken, with all commitments settled by 30 September 2024, at which point the charitable company ceased to trade. The final accounts are therefore made up for a 13 month period from 1 September 2023 to 30 September 2024.
The income for the period was £64,061 (2023: £74,391) and expenditure was £96,995 (2023: £80,044). The operating loss was £32,934 (2023: loss of £5,653) due primarily to staff redundancy payments.
Date: _27|April_ 2025
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
LYNDHURST PRE-SCHOOL
On accounts for the year
ended
31 AUGusf 2024
Charity no
(if any)
1107974
Set out on pages
I report to the trustees on my examination of the accounts of
the above charity ("the Trust.) for the year ended 31108 12022.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("the Act").
Responsibilities and
basis of report
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent rrhe charity's gross income exceeded £250,000 and l am qualified to
examlner's statement undertake the examination by being a qualified member of [insert name of
applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination (other than that
disclosed below ") which gives me cause to believe that in, any material
respect:
the accounting records were not kept in accordance with section 130
of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements
conceming the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 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.
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.
Ple
e dele
the
ords in the brackets if they do not apply.
Slgned:
Date:
.0
Name:
Relevant professional
qualification(s) or body
IER
Oct 2018
(if any):
Address:
4r4fJ
Section B-,
Disclosure
Only complete if the examiner needs to highlight material matters of concem
(see CC32, Independent examination of charity accounts: directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018
Company registration number: 04584822 (England and Wales) Charity registration number: 1107974 (England and Wales)
## LYNDHURST PRE-SCHOOL
## **ACCOUNTS**
FOR THE YEAR ENDED 30 SEPTEMBER 2024
LYNDHURST PRE SCHOOL PERIOD ENDED 30 SEPTEMBER 2024
## **CONTENTS**
|Statement of financial activities (including income and expenditure account)|Page 3|
|---|---|
|Balance Sheet|Page 4|
|Notes to the Accounts|Pages 5-8|
Page 2
## Statement of financial activities (including income and expenditure account)
## FOR THE PERIOD ENDED 30 SEPTEMBER 2024
|Notes
**INCOME**
3
Income from:
Donations and fundraising
Charitable income
Investment income
**Total Income:**
**EXPENDITURE**
4
Expenditure on:
Raising funds
Charitable Activities
Total Expenditure:
**Net expenditure for the year:**
**RECONCILIATION OF FUNDS:**
10,11
Net movement in funds
Cancellation of Share Capital
Total funds brought forward
**Total funds carried forward**|**2024**
**13 months**
**£**
**9,657**
**54,081**
**323**|2023
12 months
£
3,230
71,033
128|
|---|---|---|
||**64,061**|74,391|
||
**(100)**
**(96,895) **|
(641)
(79,403)|
||**(96,995) **|
(80,044)|
||**(32,934) **|
(5,653)|
||
**(32,934)**
**(100)**
**33,034**|
(5,653)
-
38,687|
||**-**|33,034|
Page 3
## Balance Sheet
## FOR THE PERIOD ENDED 30 SEPTEMBER 2024
||Notes|**2023**|2023|
|---|---|---|---|
|||**13 months**|12 months|
|||**£**|£|
|Current assets:||
||
|Cash at bank and in hand||**-**|33,522|
|**Total Assets:**||**-**|33,522|
|Current liabilities:||||
|Creditors: amounts falling due within one year:|9|**-**|(488)|
|**Total net assets:**||**-**|33,034|
|**Represented by:**||
||
|Share capital|10|**-**|100|
|Unrestricted reserves|11|**-**|32,934|
|**Total funds:**||**-**|33,034|
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The company ceased trading at the end of the Summer 2024 term.
Approved and authorised for issue by the trustees and signed on their behalf by:
Alison Mary Bennett Director and Trustee
Date: 31[st] March 2025
Page 4
Notes to the Accounts
> FOR THE PERIOD ENDED 30 SEPTEMBER 2024
## **1 Basis of Preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Going concern**
The financial sustainability of the Charity has been a key focus of the trustees. As expected, the company ceased all activities at the end of the Summer term. Operations ceased at that time in an orderly manner. Staff were paid until 31[st] August 2024 and received due Statutory Redundancy pay. All charitable funds had been fully utilised by 30[th] September 2024 and the Trustees intention is to wind the company up.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.
## **2 Accounting Policies**
## **2.1 Income**
All income is recognised when the charitable company is legally entitled to the income, when it is probable that the income will be received and when the amount receivable can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met.
Income represents amounts receivable in respect of pre-school funding from Hampshire County Council and fees from parents, and from fundraising.
## **2.2 Expenditure and liabilities**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any trade discounts.
## **2.3 Assets**
Debtors are measured on initial recognition at settlement. Subsequently, they are measured at the amount expected to be received.
The charity has cash on deposit with a maturity of less than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
## **2.4 Lease rentals**
Rentals payable under operating leases are charged against income on a straight line basis over the lease.
Page 5
## Notes to the Accounts
## FOR THE PERIOD ENDED 30 SEPTEMBER 2024
## **3 Income**
Income for the year is analysed as follows:
|Donations and fundraising:
Donations
Grants
Other fundraising
**Total from donations and fundraising:**
Charitable activities:
Hampshire County Council EYE funding
Parental fees
**Total from charitable activities:**
Income from investments:
Interest receivable
**Total from investments:**
**TOTAL INCOME**|**Unrestricted**
**2024**
**13 months**
**£**
**5,310**
**-**
**4,347**|Unrestricted
2023
12 months
£
1,700
-
1,530|
|---|---|---|
||**9,657**|3,230|
||
**43,054**
**11,027**|56,431
14,602|
||**54,081**
**323**|71,033
128|
||**323**|128|
||**64,061**|74,391|
## **4 Expenditure**
Expenditure for the year is analysed as follows:
|Note
Expenditure on raising funds:
Fundraising events
**Total expenditure on raising funds:**
Expenditure on charitable activities:
Staff costs
5
Premises costs
Support costs
Other operational costs
**Total expenditure on charitable activities:**
**TOTAL EXPENDITURE**|**Unrestricted**
**2024**
**13 months**
**£**
**101**|Unrestricted
2023
12 months
£
641|
|---|---|---|
||**101**|641|
||
**80,150**
**14,550**
**1,559**
**635**|59,428
11,850
3,286
4,839|
||**96,894**|79,403|
||**96,995**|80,044|
Support costs include fees paid to the independent examiner of the accounts of £nil (2023: £nil).
Page 6
## Notes to the Accounts
## FOR THE PERIOD ENDED 30 SEPTEMBER 2024
## **5 Staff costs**
|Wages and salaries
Statutory Redundancy payments
Ex-gratia payments
Social security costs
Other pension costs (note 6)|**2024**
**13 months**
**£**
**48,179**
**22,304**
**8,998**
**-**
**669**|2023
12 months
£
58,577
-
-
-
851|
|---|---|---|
||**80,150**|59,428|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. The total of key management personnel compensation was £35,443 (2023: £41,145).
The average monthly number of employees during the year was as follows:
|||**2024**||2023|
|---|---|---|---|---|
||**13**|**months**|12|months|
|||**No.**||No.|
|Charitable activities||**4**||4|
## **6 Pension scheme**
Pension contributions are paid into the NEST auto-enrolment, defined contribution pension scheme. The assets of this scheme are held separately from those of the charitable company in independently administered funds.
All pension contribution costs are recognised in the statement of financial activities as they become payable. The pension charge for the year is the contributions payable to NEST of £851 (2023: £851) and at the year end, the amount due to the scheme was £nil (2023: £nil).
## **7 Taxation**
The Pre-School is a registered charity and therefore is not liable to income tax or corporation tax or income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.
## **8 Dividends**
There were no dividends paid or proposed during the period.
## **9 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Taxation and social security costs|**2024**
**13 months**
**£**
**-**|2023
12 months
£
488|
||**-**|488|
Page 7
Notes to the Accounts
> FOR THE PERIOD ENDED 30 SEPTEMBER 2024
## **10 Share capital**
## **Authorised**
100 Ordinary Shares of £1 each
## **Allotted, called up and fully paid**
100 Ordinary Shares of £1 each
-
## **11 Charity funds**
Charity funds are represented by:
|Accumulated surplus:
Fund balance as at 1 September
Income
Expenditure
**Fund balance as at 30 September**|**Unrestricted**
**funds**
**2024**
**£**
**32,934**
**64,061**
**(96,995)**|**Total**
**funds**
**2024**
**£**
**32,934**
**64,061**
**(96,995)**
**-**|Unrestricted
funds
2023
£
38,587
74,391
(88,044)|Total
funds
2023
£
38,587
74,391
(88,044)|
|---|---|---|---|---|
||**-**||32,934|32,934|
## **12 Transactions with Trustees and related parties**
## **12.1 Remuneration of trustees**
No Trustees received any remuneration in respect of their services as Trustees during the year (2023: £nil). No Trustee received any reimbursement of expenses in respect of their services as Trustees during the year (2023: £nil).
Two Trustees are employees and key management personnel of the Pre-School, and received remuneration under contracts of employment. The remuneration of the Nursery Manager, Janet Malcom, (excluding pension contributions) was £19,804 (2023: £24,280) and the remuneration of the Deputy Nursery Manager, Juliet Dunning, (excluding pension contributions) was £14,970 (2023: £16,031) and these amounts are included in staff costs. In addition, the Pre-School has made employer contributions to the NEST defined contribution pension scheme (note 6) for the benefit of Janet Malcom £407 (2022: £541) and for the benefit of Juliet Dunning £262 (2023: £294).
Payments made as a result of the closure of the nursery and the winding up of the company were made as follows: Statutory Redundancy for the benefit of Janet Malcom £12,298.08 and for the benefit of Juliet Dunning £9,047.62. Ex gratia payments in recognition of dedicated service of over 25 years were also made, for the benefit of Janet Malcom £4,499.06 and for the benefit of Juliet Dunning £4,499.05.
## **12.2 Related party transactions**
There were no related party transactions.
## **13 Contingent liabilities**
There are no contingent liabilities.
Page 8