REGISTERED COMPANY NUMBER: 05730052 (England and Walu) REGJSTERED CHAIUTY Tr4UMBER: 1118115 REPORT OF THE TRUSTEES AND uNAuDED FINANCIAL STATEMENTS DED 31 AUGUST 024 FOR MILFORD PRE-SCHOOL PL IMITED C B Heslop And Company Limited Chartered Accountants l High Street Thatcham Berks RG19 3JG C.B. HESLOP & Co. Ltd., Chartered Accountants
MILFORD PR&SCHOOL PLUS LIMrrED CONTENfs OF THE FINANCIAL STATEMENTS for the vear ended 31 AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of FinanciAI Activitie5 Bglance Sbeet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12
MILFORD PRSCHOOL PLUS LIMITED REPORT OF THE TRUSTEES for the year ended 31 AUCIIST 2024 The trustees who are also dire¢tors of the charity for the purposes of the Companies Act 2006, preseni their report with the fmancial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provislons of A¢counting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounls in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OWEcfivES AND ACTIvrriES 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 I l years in a safe, secure and stimulating environment. Significant Activities The main activities of the charity are to provide pre-s¢hool, after school club and holiday club. Public beDefit The trustees confirni that they have referred to the guidan contsined in the Charity Commission's general guidanre on public benefit when reviewing the charity's aims and objecti3 and in planning thrth¢r a¢tivitie5. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity ha5 Continued to provide affordable care and education to children aged from 2 years 9 months to I l years and to do so in a safe, secure and stimulating environment. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The Charity is controlled by its governing document, a deed of tIs( and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFEREIYCE AND ADMINISTRATIVE DETAILS Regl$tered Company number 05730052 {England and Wales) Registered Charity number 1118115 Registered office Lymington Road Milford on Sea Hampshire S041 ORF Trustees R B Macdonald R C Jackson V Gtbbs A Parsons H Darbishire {appointed 13.12.2023) C Phillips (appointed 20.1.2025) JDdependent Exgminer N Rivers FCA C B H¢slop And Company Limited Chartered Accountants l High Street Thatcham B¢rks RG19 3JG Page I
OOL LUS LIMITED REPORT OF TIIE TRUSTEES for the ear ended J AUGUST 20 and signed on its behalf by. A P4rsons. Trust£e Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILFORD PRE-SCHOOL PLUS LIMrfED IDdepend¢nt examiner's report to the trustees of Milford Pre-school Plus Limited ('the CompAny') I report to the charity trustees on my examinaiion of ihe accounts of the Company for the year ended 31 August 2024. RespoDsibiliti&4 #nd basis of report As the ¢harity's ISteeS of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the a¢¢ounrs in a¢¢ordance with the requirements of the Companies Act 2006 ('the 2006 Acr). Having satisfied myself ihat the a¢¢ounls of th¢ Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Gharitys accounts as carried out under Se¢tion 145 of the Charities Act 2011 (lhe 201 l A¢t'). In carying out my examination I have followed the Directions given by the Charity Commission und¢r Section 145(5} (b) of the 201 l Act. Independent exgminer'$ stalement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confinn that l am qualified to undertake the examination b¢¢au5e l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in ¢onneGtion with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Se¢tion 386 of the 2006 ACL or the account5 do not accord with those re¢ords; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 A¢t other than any requirement that the account5 give a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance wlth 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 Republi¢ of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. N Rivers FCA C B Heslop And Company Limited Chartered A¢¢ountants l High Street Thatcham Berks RG19 3JG Date: .... Page 3
MILFORD PRE-SCHOOL PLUS LIMrrED STATEMENT OF FINANCIAL AcfMTIES for the ear ended 31 AUGUST 2024 31.8.24 Total fiJnd5 31.8.23 Total fid5 Unrestricted fjjnd Restricted funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 254,305 254,305 200,165 Other trading activities Investment income 12,460 3.072 12,460 3,072 6.642 1,219 Total 269.837 269,837 208,026 EXPENDITURE ON Raising funds 236,142 236,142 201,836 NET INCOME 33,695 33,695 6,190 RECONCILIATION OF FUNDS Total fidS brought fonvard 146,782 146.782 140.592 TOTAL FUNDS CARRIED FORWARD 180,477 180.477 146.782 The notes foTm part of these financial statements Pag¢ 4
LPLU BALANCE SHEET 31 AUGUST 2024 31.8.24 TotsI 31.8.23 Total Unrestricted Restrictsd futtds Notes FIXKD ASSEIS TaD8ible &%ets 3.442 3,442 5,406 CURRENT ASSETS Cash at bank and in band 183.589 183,589 143.043 CREDoRs Annts falling due within one year io (6,554) (6,554) (1.667) 177,035 177,035 141,376 TOTAL ASSETS LE&S CURRENr 180,477 180.477 146.782 IYET A&SETS 180,477 180,477 146.782 FUIYDS UDrestri¢t¢d futtds 180.477 146.782 TOTAL FUNDS 180,477 l46.782 The clwitable company is entitled to exenwtion from audit under Section 477 of tbe Companie8 Act 2006 for the year ended 31 August 2024. The JDenther8 have not require<] the cOll8ny to obtain an 2udit 0£ its financi ststettmts foT the year ended 31 August 2024 in &ccord8n¢e Mitb Section 476 ofthe ConyDi&S Act 2006. The trust% knOwledge their responsibilities foT (a) ensuring tbat the charitsble company keeps accowtting re¢ords that comply with sectio 386 and 387 of the Con]panies Act 2006 9nd (b) preparing fiDancial ststements which give a ttue and fair view of the stste of affairs of the clwitable company as at the end of each fjnancial year and of its SPIuS or defi¢it for each fillaDcial year in accordance witb the rqiiirnnents of Sectioll5 394 and 395 and which otherwise comply with the requirements of the Cor4)aDie8 Act 2006 retsting to ststements. so far as 8pplicabl¢ to the c]witabl¢ con¥Jany. These financial 8tatemellts have been prepared in accordance with the proviskons applicable to cknitable collp2nies sllbject to th¢ companies regiTUe. ststements were approved by lh¢ Board of Trustees 8nd authorised for issuc ZORS.......... and were signed on its be1]f by. A Patsons . Trustee The no*s foTm part of these financial StateMts Page 5
MILFORD PRSCHOOL PLUS LIMED NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 AUGUST 2024 ACCOUNTING POLICIES Basi5 of preparing the financial statements The financial statements of the charitsble company, which is a public benefit entity undeT FRS 102. have been prepared An accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic iyf Ireland {FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland. and the Companies Act 2006. The financial slatements have been prepared under the historical cost convention. IneoAne All income is re¢ognised in the Statement of Financial Activities on¢e the ¢harity has entitlement lo the funds, it is probable that the income will be received and the amounl Can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that a transfer of e¢onomi¢ 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 ¢ategory. Where costs cannot be directly attributed to particular headings they have been allocat¢d to activities on a basis consistent with the use of resources. T4ngible fixed A55ets Depreciation is provided at the following annual rates in order to MTite off each asset over its estimated useful life. Fixtures and fittings Straight line over 3 years Taxation The charity is exempt from corporation tsx on its charitabl¢ aclivities. Fund #ccounting Unrestricted funds can be used in accordance with the charitable objectives at the discrclion of the trustees. Restricted fijnds can only be used for particular restricfrd purposes within the objects of the charity. Reslriclions arise when specified by the donoT or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of ea¢h fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating lease5 are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs gnd otheT POSt-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable ompanys pension scheme are charged to the Statement of Financial Activities in the p¢riod to which they relate. Page 6 continued...
MJLFORD PRE-SCHOOL PLUS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the 'ear ended 31 AUCUST 2024 OTHER TRADING ACTIVITIES 31.8.24 31.8.23 Fundraising events 12,460 6,642 INVESTME INCOME 31.8.24 31.8.23 Deposit account inteTest 3.072 1.219 RAISING FUNDS Raising donations and legaties 31.8.24 31.8.23 Staff costs Training Costs Operating Expenses Recruitment & Web site c05t5 Support Costs 72,304 885 45.012 469 117.472 106.310 373 32.006 1,118 62.029 236,142 201,836 NET INCOMEIIEXPENDJTURE) Net in¢omel(expenditure) is slated after chargingl(crcditing)- 31.8.24 31.8.23 DeprecAation- owned assets Training Costs Op¢rating Expenses 2,640 885 45.486 1,338 373 32,156 TRUST£ES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits fr>r the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses There wer¢ no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. Page 7 continued...
MILFORD PRSCHOOL PLUS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the veAr ended 31 AUGUST 2024 STAFF COSTS The average monthly number of employees during the year wa5 as follows.. 31.8.24 12 31.8.23 li No ¢mployees received ¢molum¢nts in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtvrriES Unre5trided fund Restricted funds Total nds INCOME AND EIYDOWMENTS FROM Donations and legacies 200,165 200.165 Other trading activities Investm¢nt income 6,642 1,219 6,642 1.219 Totsl 208,026 208,026 EXPENDITURE OTr4 Raising ndS 201,836 201.836 NET INCOME 6.190 6,190 RECOIYCILIATION OF FUNDS Totsl funds brought forward 140,592 140.592 TOTAL FUNDS CARRIED FORWARD 146,782 146,782 Page 8 continued...
MILFORD PRcHOoL PLUS LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the ear ended 31 AUGUST 2024 TANGIBLE FIXED ASSETS Fixtures and fittings COST At I September 2023 Additions 7,769 676 At 31 August 2024 8,445 DEPRECIATION At I September 2023 Charge for year 2.363 2.640 At 31 August 2024 5,003 NET BOOK VALUE At 31 August 2024 3,442 At 31 August 2023 5,406 io. CREDITORS: AMOIINTS FALLIIYG DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade ¢redilors Social security and other taxes Other creditors 4,925 1,629 684 (122) 1,105 6,554 1,667 ii. MOVEMEIYf IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds Genera] fund 146,782 33,695 180,477 TOTAL FUNDS 146.782 33,695 180,477 Net movement in funds, included in the above are as follows: Incoming resources Resources exp¢nd¢d Movement in funds Unrestrieted fuDds General fund 269.837 (236,142) 33,695 TOTAL FUIYDS 269,837 (236.142) 33,695 Pag¢ 9 ¢ontinued...
MILFORD PRSCHOOL PLUS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the 'ear ended 31 AUGUST 2024 ii. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.8.23 At 1.9.22 Unrestrieted funds General fund 140,592 6,190 146,782 TOTAL FUNDS 140,592 6,190 146,782 Comparative nel movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestrieted funds General fund 208,026 (201,836) 6,190 TOTAL FUNDS 208,026 (201,836} 6,190 A current y¢ar 12 month5 and prior year 12 months combined position is as follows.. Net movement in funds At 31.8.24 At 1.9.22 Unrtstricted funds General fund 140.592 39,885 180,477 TOTAL FUNDS 140,592 39,885 180,477 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in fvnds Unrestricted fund5 General fund 477,863 (437,978) 39,885 TOTAL FUNDS 477,863 {437,978) 39.885 Page 10 continued...
MILFORD PRE-SCHOOL PLUS LIMITED NOTES TO THE FINANCIAL STATEMEIYTS - continued for the ear ended 31 AUGUST 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Pagell
MILFORD PRSCHOOL PLUS LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the vear ended 31 AUGUST 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Donations and legaeles Subs¢riptions 254.305 200,165 Other tr9ding acliwities Fundraising events 12.460 6,642 Investment income Deposit account interest 3,072 1,219 Total incoming resources 269,837 208,026 EXPENDITURE Raising donation$ and lega¢ie5 Wages Training Costs Operating Expenses Recruitm¢nt & Web 51te costs 72,304 885 45.012 469 106,310 373 32.006 1,118 118.670 139,807 Support ¢o$t$ Management Wages Social security Pensions Cleaning & Kilchen Renl Insurance. Fees & Subwription Light and heat Telephone Postage and Stationery Depreciation of tangible and heritage assets 81,859 8,191 2,787 474 12,909 3.221 2,006 1.085 822 2,640 30,000 4,199 2,736 150 15,423 2.976 1,480 931 1.303 1,338 115.994 60.536 Governance 105ts Professional fees 1,478 1,493 Toial resources expended 236.142 201,836 Net income 33,695 6,190 This page does not forni part of the statutory financial statements Page 12