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2023-07-31-accounts

Charity registration number 1120276

Company registration number 06271276 (England and Wales)

HOLMER PRE-SCHOOL LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

HOLMER PRE-SCHOOL LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Secretary

Mr M Stenhouse Mrs C Stenhouse Mrs D Mcewan Ms R Maund

Mrs C Stenhouse

Charity number 1120276 Company number 06271276

Registered office

Holmer C of E Academy Holmer Road Hereford Herefordshire England HR4 9RX

Independent examiner

Edward Richards FCCA

Thorne & Co 1 Mary's Street Ross-on-Wye Herefordshire HR9 5HT

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HOLMER PRE-SCHOOL LTD

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||||||| |---|---|---|---|---|---| |CONTENTS| |ee| |Page| |Trustees’|report|1-2| |Statement|of trustees’|responsibilities|3| |Independent|examiner's|report|4| |Statement|of financial|activities|5| |Balance|sheet|6| |Notes|to|the|financial|statements|7-11|

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HOLMER PRE-SCHOOL LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2023

The trustees present their annual report and financial statements for the year ended 31 July 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, a deed of trust, the Companies Act 2006 and “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 To enhance the development and education of children primarily under Statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:“Offering appropriate play facilities and training courses together with the rights of parents to take responsibility for and to become involved in the activities of such groups offering opportunities for all children whatever their race, culture, religion, means or ability “Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas *Instigating and adhering to and furthering the aim of the Pre-School Learning Alliance The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Through explorative learning we have been able to support the children to be independent with their choices. The stimulating and challenging activities have enabled the children to grow in self-confidence and develop a sense of belonging. As a result of this, being in the school environment and using the school facilities during our daily routine, the children have found the transition from pre-school to school less traumatic. Financial review The Trustees consider that it is not necessary to hold reserves, and are happy that the level of income is sufficient to maintain the continuation of the charity. Structure, governance and management 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. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr M Stenhouse Mrs C Stenhouse Mrs D Mcewan Ms R Maund The company's current policy concerning the payment of trade creditors is to: * settle the terms of payment with suppliers when agreeing the terms of each transaction: * ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and * pay in accordance with the company's contractual and other legal obligations.

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HOLMER PRE-SCHOOL LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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The trustees’ report was approved by the Board of Trustees.
' Mr M Stenhouse
Trustee
23 April 2024
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HOLMER PRE-SCHOOL LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2023

The trustees, who are also the directors of Holmer Pre-school Ltd for the purpose of company law. are responsible for preparing the Trustees’ Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

will- preparecontinuethein financialoperation.statements on the going concern basis unless it is inappropriate to presume that the charity

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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HOLMER PRE-SCHOOL LTD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLMER PRE-SCHOOL LTD

year| report ended to the31 trusteesJuly 2023. on my examination of the financial statements of Holmer Pre-school Ltd (the charity) for the

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the Purposes of company law) you are responsible for the Act).preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006

Having satisfied myself that the financial Statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my ofexamination the 2011 Act.| have followed all the applicable Directions given by the Charity Commission under section 145(5)(b)

Independent examiner's statement

| 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 financial statements to be reached.

Edward Richards

FCCA Thorne & Co 1 Mary's Street Ross-on-Wye ; Herefordshire HR9 5HT

Dated: 23 April 2024

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HOLMER PRE-SCHOOL LTp

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Charitableactivities
Investments		 3
4		 204,744
28		 160,906
5
Total income
204,772 160,911
Expenditure on:
Charitableactivities 5 205,660 172,606
Totalexpenditure 205,660 172,606
Net expenditureandmovement infunds (888) (11,695)
Reconciliation of funds:
Fund balances at 1August2022 (2,134) 9,561
Fundbalancesat31July2023 (3,022) (2,134)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements of an income and expenditure account under the Companies Act 2006.

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HOLMER PRE-SCHOOL LTD

BALANCE SHEET

AS AT 31 JULY 2023

Notes £ 2023 £ £ 2022 £
Current assets
Debtors
Cash
atbankand inhand		 10 500
17,274		 -
18,010
Creditors: amountsfalling duewithin
one
year		 11 17,774
(20,796)		 18,010
(20,144)
Net current liabilities
(3,022) (2,134)
Netassets excludingpension liability (3,022) (2,134)
Thefunds ofthe Charity
Unrestrictedfunds		 (3,022) (2,134)
(3,022) (2,134)
Thecompany isentitledtotheexemption fromtheauditrequirement
2006, forthe yearended 31 July 2023.		 requirementcontained insection477oftheCompaniesAct
The directors acknowledge their responsibilities for complying with the requirements ofthe Companies Act
with respecttoaccounting recordsand thepreparation offinancial statements.		 2006
Themembershavenotrequired thecompanytoobtainanauditofitsfinancialstatements
accordancewithsection476,		 statements fortheyearin inquestion in

toThese the financialsmall companiesstatementsregime. have been prepared in accordance with the provisions applicable to companies subject

The financial statements were approved by the trustees on 23 April 2024

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Mr M Stenhouse Trustee

Company registration number 06271276 (England and Wales)

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HOLMER PRE-SCHOOL LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

Charity information

Holmer Pre-school Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Holmer C of E Academy, Holmer Road, Hereford, Herefordshire, HR4 9RX, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, a deed of trust, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

TheCashcharityFlows. has taken advantage of the provisions in the SORP for charities not to prepare a Statement of

At the time of approving the financial Statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds objectives.Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central Staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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2 Critical accounting estimates and judgements

HOLMER PRE-SCHOOL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets Classified as receivable within one year are not amortised.

Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present withinvalue o fne theyearfuture are paymentsnot amortised.discounted at a market rate of interest. Financial liabilities classified as payable

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities, Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

cancelled.Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that periods.period, or in the period of the revision and future periods where the revision affects both current and future

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Charitable activities
Pre-School
Earlyyearsfunding		 84,452
120,292		 60,398
100,508
204,744 160,906

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HOLMER PRE-SCHOOL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

4 Incomefrom investments
Bank interest received
5 Expenditureoncharitableactivities
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Bank interest received
28 5
Expenditure on charitable activities
Expenditure Expenditure
on
charitable
activities		 on
charitable
activities
2023 2022
Direct costs £ £
Staffcosts
Purchases,
materials, booksandequipment
Hire
ofplantandmachinery
Otheroperating leases
Insurance		 164,765
9,961
4,639
4,675		 138,630
10,854
4,162
4,687
Telephone,
postage, Stationeryandcomputercosts
Sundries
Repairsandmaintenance
Bankcharges
Regulatorycosts
Training
Cleaningand laundry
Refreshments
Travel expenses
Heatand light		 1,417
1,494
856
4,780
188
764
897
1,029
7,349
985
540		 1,510
1,364
1,676
2,774
188
366
305
938
2,791
596
240
204,039 171,081
Share ofsupportandgovernance costs (see note 6)
Governance		 1,621 1,525
205,660 172,606
Analysis by fund
Unrestrictedfunds 205,660 172,606

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HOLMER PRE-SCHOOL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

6 Support costs allocated to activities

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||||| |---|---|---|---| |2023|2022| |£|£| |Governance|costs| |1,621|1,525| |Analysed|between:| |Expenditure on charitable|activities|1,621|1,525|

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7 Trustees

Mrs C Stenhouse was paid a salary of £55,350 (2022: £47,688) as the Pre-School leader. Pension contributionsDocument of thewerecharity.paid of £1,268 (2022: £1,263). The payment of salary is permitted by the Governing

Mrs D Mcewan was paid £396 (2022: £1,942) for administration work performed for the charity.

Mr M Stenhouse was paid £3,957 (2022: £2,080) for gardening, maintenance work and childcare.

There were no trustee's expenses paid in the current or prior year.

The average monthly number of employees during the year was:

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||||| |---|---|---|---| |2023|2022| |Number|Number| |¥|6| |Employment costs|2023|2022| |£|£| |Wages and|salaries|161,656|136,358| |Other pension costs|3,109|2,272| |164,765|138,630|

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There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Debtors

Amounts 2023 2022 falling due within one year: E £ Prepayments and accrued income 500 -

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HOLMER PRE-SCHOOL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

11. Creditors: amounts fallingduewithin oneyear
2023 2022
£ £
Othertaxationandsocial security
Trade creditors
Accrualsand deferred income		 18,262
1,012
1,522		 18,320
912
912
20,796 20,144

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August
2022		 Incoming
resources		 Resources
expended		 At31 July
2023
£ £ £ £
General funds (2,134) 204,772 (205,660) (3,022)
Previous year: At 1August
2021		 Incoming
resources		 Resources
expended		 At31 July
2022
General funds £
9,561		 £
160,911		 £
(172,606)		 £
(2,134)

13 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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