REGISTERED COMPANY NUMBER: 05730052 (England and Wales)
REGISTERED CHARITY NUMBER: 1118115
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS 1A T 202
FOR
MILFORD PRE-SCHOOL PLUS LIMITED
C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG
MILFORD PRE-SCHOOL PLUS LIMITED
## CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 AUGUST 2023
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|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|ll|
|Detailed|Statement|of Financial|Activities|12|
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MILFORD PRE-SCHOOL PLUS LIMITED
## REPORT OF THE TRUSTEES
## for the year ended 31 AUGUST 2023
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 2023. 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 object of the charity is to provide high quality, affordable care and education to children aged 2 years 9 months to 11 years in a safe, secure and stimulating environment.
## Significant activities
The main activities of the charity are to provide pre-school, after school club and holiday club.
## Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning further activities.
## ACHIEVEMENT AND PERFORMANCE
## Charitable activities
The charity has continued to provide affordable care and education to children aged from 2 years 9 months to 11 years and to do so in a safe, secure and stimulating environment.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05730052 (England and Wales)
## Registered Charity number
1118115
Registered office
Lymington Road Milford on Sea Hampshire
S041 ORF
Trustees
R B Macdonald
J A Howell Trustee (resigned 1.2.2023) S Harvey (resigned 17.7.2023) R C Jackson (appointed 15.11.2022) V Gibbs A Parsons
D Cummings (appointed 21.2.2023) (resigned 19.7.2023)
H Darbishire (appointed 13.12.2023)
Independent Examiner C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG
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## MILFORDPRE-SCHOOLPLUS LIMITED forREPORTthe year endedOF THE3{ TRUSTEESAUGUST 2023.
Approvedby order ofthe board ofmustees on Palsee
and signed on its behalf by:
aie
A Parsons - Trustee
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## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILFORD PRE-SCHOOL PLUS LIMITED
## Independent examiner's report to the trustees of Milford Pre-School Plus Limited (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
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
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 3) 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
4. 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.
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l
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N Rivers FCA
C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG
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## MILFORD PRE-SCHOOL PLUS LIMITED
## STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 AUGUST 2023
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|---|---|---|---|---|---|---|
|31.8.23|31.8.22|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|-|£|
|INCOME|AND ENDOWMENTS FROM|
|Donations|and|legacies|200,165|-|200,165|185,546|
|Other trading|activities|2|6,642|-|6,642|9,476|
|Investment|income|5|1,219|-|1,219|28|
|Total|208,026|-|208,026|195,050|
|EXPENDITURE|ON|
|Raising funds|4|201,836|-|201,836|156,097|
|NET INCOME|6,190|-|6,190|38,953|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|140,592|-|140,592|101,639|
|TOTAL FUNDS CARRIED FORWARD|146,782|-|146,782|140,592|
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The notes form part of these financial statements
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FO RE-SCHOOL PLUS LIMITED
BALANCE SHEET
31 AUGUST 2023
31.8.23 31.8.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ 23 £
FIXED ASSETS
Tangible assets 9 5,406 - 5,406 2,289
CURRENT ASSETS
Cash at bank andin hand 143,043 ~ 143,043 139,418
CREDITORS
Amounts falling due within one year 10 (1,667) - (1,667) (1,115)
NET CURRENT ASSETS 141,376 - 141,376 138,303
TOTAL ASSETS LESS CURRENT
LIABILITIES 146,782 - 146,782 140,592
NET ASSETS 146,782 - 146,782 140,592
FUNDS 11
Unrestricted funds 146,782 140,592
TOTAL FUNDS 146,782 140,592
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) _ preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. Thesennnsan LILYGCAMSLEEstatem.cssssss **e** eesntsandwere were signedapproved on its behalfby theby: Board of ‘Trustees and authorised for issue on
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A Parsons - Trustee
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The notes form part of these financial statements
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MILFORD PRE-SCHOOL PLUS LIMITED
1.
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2023
## 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.
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
## 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.
## Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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MILFORD PRE-SCHOOL PLUS LIMITED
## NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 AUGUST 2023
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|---|---|---|---|---|
|2.|OTHER TRADING|ACTIVITIES|
|31.8.23|31.8.22|
|£,|ib|
|Fundraising|events|6,642|9,476|
|33|INVESTMENT INCOME|
|31.8.23|31.8.22|
|£|£|
|Deposit account|interest|1,219|28|
|4,|RAISING FUNDS|
|Raising|donations|and|legacies|
|31.8.23|31,8.22|
|£|ft,|
|Staff costs|106,310|78,063|
|Training Costs|373|968|
|Operating|Expenses|32,006|13,646|
|Recruitment & Web|site|costs|1,118|471|
|Support|costs|62,029|62,949|
|201,836|156,097|
|5.|NET INCOME/EXPENDITURE)|
|Net income/(expenditure)|is|stated|after|charging/(crediting):|
|31.8.23|31.8.22|
|£|£|
|Depreciation|- owned|assets|1,338|730|
|Training|Costs|373|968|
|Operating Expenses|32,156|13,660|
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## 5.
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
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MILFORD PRE-SCHOOL PLUS LIMITED
7. STAFF COSTS
## NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 AUGUST 2023
The average monthly number of employees during the year was as follows:
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|---|---|---|---|---|---|
|31.8.23|31.8.22|
|Staff|11|7|
|No|employees|received emoluments|in|excess|of £60,000.|
|8.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME|AND ENDOWMENTS|FROM|
|Donations|and legacies|185,546|-|185,546|
|Other trading|activities|9,476|-|9,476|
|Investment|income|28|-|28|
|Total|195,050|-|195,050|
|EXPENDITURE|ON|
|Raising funds|156,097|-|156,097|
|NET INCOME|38,953|-|38,953|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|101,639|-|101,639|
|TOTAL FUNDS CARRIED FORWARD|140,592|-|140,592|
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MILFORD PRE-SCHOOL PLUS LIMITED
## NOTES TO THE FINANCIAL STATEMENTS- continued
## for the year ended 31 AUGUST 2023
## 9, TANGIBLE FIXED ASSETS
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Fixtures|
|and|
|fittings|
|£|
|COST|
|At|||September 2022|12,645|
|Additions|4,455|
|Disposals|(9,331)|
|At 31|August 2023|7,769|
|DEPRECIATION|
|At|1|September 2022|10,356|
|Charge|for year|1,338|
|Eliminated on|disposal|(9,331)|
|At 31|August 2023|2,363|
|NET|BOOK|VALUE|
|At|31|August 2023|5,406|
|At|31|August|2022|2,289|
|10.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.8.23|31.8.22|
|£|£|
|Trade|creditors|684|-|
|Social security and other taxes|(122)|1,115|
|Other|creditors|1,105|-|
|1,667|1,115|
|11.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.9.22|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General fund|140,592|6,190|146,782|
|TOTAL FUNDS|140,592|6,190|146,782|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|Unrestricted|funds|23|£|£|
|General|fund|208,026|(201,836)|6,190|
|TOTAL FUNDS|208,026|(201,836)|6,190|
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MILFORD PRE-SCHOOL PLUS LIMITED
## NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 AUGUST 2023
## 11. MOVEMENT IN FUNDS - continued
## Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.22|
|£|£|z|
|Unrestricted|funds|
|General fund|101,639|38,953|140,592|
|TOTAL FUNDS|101,639|38,953|140,592|
|Comparative|net movement|in funds,|included|in the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|195,050|(156,097)|38,953|
|TOTAL FUNDS|195,050|(156,097)|38,953|
|A|current year|12 months|and prior year|12 months combined position|is as|follows:|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|101,639|45,143|146,782|
|TOTAL FUNDS FUNDS|101,639|45,143|146,782|
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## TOTAL FUNDS FUNDS
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|403,076|(357,933)|45,143|
|TOTAL FUNDS|403,076|(357,933)|45,143|
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MILFORD PRE-SCHOOL PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 AUGUST 2023
## 12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
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## MILFORD PRE-SCHOOL PLUS LIMITED
|DETAILEDSTATEMENTOF FINANCIAL ACTIVITIES|||
|---|---|---|
|forthe year ended31AUGUST 2023|31.8.23|31.8.22|
||£|£|
|INCOMEANDENDOWMENTS|||
|Donations and legacies|||
|Subscriptions|200,165|185,546|
|Other trading activities|||
|Fundraising events|6,642|9,476|
|Investment income|||
|Deposit account interest|1,219|28|
|Total incoming resources|208,026|195,050|
|EXPENDITURE|||
|Raising donations and legacies|||
|Wages|106,310|78,063|
|Training Costs|373|968|
|Operating Expenses|32,006|13,646|
|Recruitment&Web site costs|1,118|471|
||139,807|93,148|
|Support costs|||
|Management|||
|Wages|30,000|38,485|
|Social security|4,199|3,916|
|Pensions|2,736|2,291|
|Cleaning& Kitchen|150|14|
|Rent|15,423|11,340|
|Insurance, Fees& Subscription|2,976|1,673|
|Light and heat|1,480|1,850|
|Telephone|931|758|
|Postage and stationery|1,303|27|
|Depreciation oftangible andheritage assets|1,338|730|
|Impairment losses fortangible fixed assets|-|709|
||60,536|61,793|
|Governance costs|||
|Professional fees|1,493|1,156|
|Total resources expended|201,836|156,097|
|Netincome|6,190|38,953|
This page does not form part of the statutory financial statements
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