2024-03-31-accounts - Andover Pre School Limited

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Trustees’ annual report (including Directors’ report) for the period

From: 1[st] April 2023

To: 31 March 2024

Charity name: Andover Pre-school Limited

Charity registration number: 1135042

Company number: 07114984

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	4.1 TO ENHANCE THE DEVELOPMENT AND EDUCATION OF CHILDREN UNDER THE AGE OF FIVE BY ENCOURAGING PARENTS TO UNDERSTAND AND PROVIDE FOR THE NEEDS OF THEIR CHILDREN THROUGH COMMUNITY GROUPS AND BY:- 4.1.1 OFFERING APPROPRIATE PLAY, EDUCATION AND CARE FACILITIES AND TRAINING COURSES IN A SECURE, SAFE, WELCOMING ENVIRONMENT, WHICH PROMOTES STIMULATION AND POSITIVE LEARNING, TOGETHER WITH THE RIGHT OF PARENTS TO TAKE RESPONSIBILITY FOR AND TO BECOME INVOLVED IN THE ACTIVITIES OF SUCH GROUPS, ENSURING THAT SUCH GROUPS OFFER OPPORTUNITIES FOR ALL CHILDREN WHATEVER THEIR RACE, SEX, CULTURE, RELIGION, MEANS OR ABILITY; 4.1.2 ENCOURAGING THE STUDY OF THE NEEDS OF SUCH CHILDREN AND THEIR FAMILIES AND PROMOTING PUBLIC INTEREST IN AND RECOGNITION OF SUCH NEEDS; 4.1.3 CONTRIBUTING AND STRENGTHENING THE LINKS BETWEEN THE COMMUNITY AND THE CHARITY
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	1. Advancement of Early Education To advance the education and early development of children aged 0–5 living in Islington, particularly those from families experiencing socio-economic disadvantage, through the provision of high-quality early-years education, care, and developmental activities, including the delivery of Free Early Education Entitlement (FEEE) places. 2. Relief of Poverty and Hardship To relieve poverty and hardship among children and families in the local community by providing affordable or subsidised childcare, free early-years education funded by the FEEE scheme, and

		additional support to families who are in financial or social need. 3. Promotion of Social Inclusion To promote social inclusion for families who are socially or economically disadvantaged, marginalised, or otherwise excluded, by ensuring equitable access to early-years education, family support services, and community activities that encourage participation and reduce inequalities. 4. Support for Family Well-Being and Resilience To support the physical, emotional, and social well- being of young children and their families by offering a nurturing, safe, inclusive learning environment, alongside guidance, workshops, and partnership-based support that strengthens family resilience and life chances. 5. Community Development and Partnership Working To contribute to the improvement of the local community by working collaboratively with parents, carers, schools, health services, and community organisations, helping to build stronger networks, improve outcomes for children, and enhance community cohesion in an area of high deprivation. 6. Support for Children with SEND and Additional Needs To promote the care, education, and inclusion of children with special educational needs and disabilities (SEND) by providing appropriate support, early intervention, and inclusive practice to ensure equal access to early-years opportunities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit when carrying out their duties and in planning the activities of the charity throughout the year. They have ensured that the charity’s aims, activities, and services are aligned with its charitable purposes and continue to provide identifiable public benefit in accordance with the Commission’s requirements.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year, the charity continued to provide high-quality early-years education and care to children aged 0–5 in an area of significant socio- economic deprivation in Islington. Through the delivery of our Free Early Education Entitlement (FEEE) places and targeted family support programmes, we ensured that children from disadvantaged backgrounds were able to access safe, nurturing, and developmentally appropriate early-years provision that they may otherwise have struggled to secure. Our main achievements include: 1. Improving Early Education Outcomes We delivered a high-quality early-years curriculum aligned with the EYFS, supporting children’s communication, language, physical development, and personal, social and emotional skills. Children made demonstrable progress across all areas of learning, with many meeting or exceeding age- related expectations despite starting points that were below typical levels. 2. Widening Access to Early-Years Education By offering a significant number of FEEE and subsidised places, we removed barriers to early education for families experiencing financial hardship. This enabled children from low-income households to receive consistent educational and developmental support, improving their readiness for school and long-term life chances. 3. Supporting Vulnerable Families We provided additional assistance to families facing challenges suchas unemployment,housing

instability, language barriers, or social isolation.
This included referrals to partner agencies,
signposting to community services, and providing
practical guidance on child development, nutrition,
and routines. Our work helped many families
increase confidence, stability, and engagement in
their children’s learning.
4. Enhancing Community Well-Being
The charity played a key role in strengthening the
local community by offering inclusive events,
parent workshops, and opportunities for families to
connect with one another. This contributed to
improved social cohesion, reduced isolation, and
greater access to local support networks.
5. Promoting Inclusion and Equality
We delivered inclusive practice, supporting
children with SEND and those with English as an
Additional Language (EAL). By offering early
intervention, individualised support plans, and
specialist outreach input, we ensured that every
child—regardless of ability or background—had
equal access to early-years opportunities.
Overall Impact
• Children in one of Islington’s most
deprived areas received high-quality early
learning that will significantly enhance their
long-term educational outcomes.
• Families experiencing hardship gained
access to free or affordable childcare,
enabling many to pursue training,
employment, and improved financial
stability.
• Vulnerable families felt more supported,
included, and connected to the wider
community.
• The community benefited from improved
early-years development, stronger family
resilience, and reduced inequalities.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial year, the charity remained in a stable and improving financial position, with sufficient reserves to support the continued delivery of high-quality early- years provision in the coming period. Total turnover for the year was £135,499, resulting in a profit of £5,200, a significant improvement compared with the loss of £34,607 recorded in the previous year.This positive change reflects strengthened financial management, tighter cost controls, and increased operational efficiency. Income continued to be generated primarily through Free Early Education Entitlement (FEEE) funding, local authority support, supplemented by small grants and parental fees, where applicable. Expenditure remained focused on staffing—our largest and most essential cost—alongside premises expenses, utilities, and educational resources. During the year, the charity undertook a thorough review of staffing structures and operational needs, enabling us to reduce staff costs without compromising the quality of provision. In addition, a review of all utility contracts and service providers led to more cost-effective arrangements, contributing further to the improved financial outcome. The charity ended the period with £40,738 in unrestricted funds. Reserves remained within the target range set out in the charity’s reserves policy, ensuring the organisation can meet its short-term obligations, manage unexpected costs, and maintain continuity of care for children and families. Overall, the trustees are satisfied that the charity’s financial position is sound and significantly improved from the previous year. The charity is well-placed to continue delivering its charitable objectives, sustain high-quality early-years provision, and navigate ongoing sector-wide funding pressures.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The trustees have established a reserves policy to ensure the charity’s long-term financial stability and its ability to continue delivering high-quality early-years education and care, even during periods of financial uncertainty. The charity aims to hold sufficient unrestricted reserves to: 1. Maintain continuity of childcare provision To ensure the nursery can continue operating in the event of unexpected reductions in income—such as fluctuations in FEEE

		funding, delayed payments, or reduced occupancy—and to protect the stability of services provided to children and families. 2. Meet short-term financial obligations To cover essential running costs, including staff wages, rent, utilities, insurance and operational expenses, should temporary cash-flow pressures arise. 3. Manage unforeseen emergencies To provide a financial cushion for unexpected events such as urgent repairs, equipment failure, regulatory requirements, or other circumstances that could affect the charity’s ability to operate. 4. Support planned improvements To allow the charity to invest in future development, quality improvements, training, safeguarding requirements, and resources without jeopardising day-to-day service delivery. Review Process The reserves policy is reviewed annually by the trustees considering the charity’s financial performance, operational needs, and the broader funding environment affecting early- years childcare. Adjustments are made where necessary to ensure the reserve level remains appropriate and proportionate.
Amount of reserves held	Para 1.22	Based on the year’s expenditure: • Raw materials and consumables: £11,796 • Staff costs: £86,972 • Depreciation and asset write-off: £21 • Other charges: £31,565 Total annual operating expenditure: £130,354 Average monthly expenditure is therefore approximately: £130,354 ÷ 12 = £10,863 per month In line with common early-years sector guidance, the trustees consider it prudent to hold three months of core operating expenditureinreserves, therefore our recommended reserve level is: 3 × £10,863 ≈ £32,589 This level is considered sufficient to manage income fluctuations, unexpected costs, or emergencies while ensuring continuity of service.
Reasons for holding zero reserves	Para 1.22	N/A

Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other

Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example,	Para 1.25	Memorandum and Articles of Association

trust deed, memorandum and articles of association etc
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	Limited Company
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Charity’s members must elect new trustees

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Additional information (optional)
You may choose to include further statements where relevant about:
Para 1.51
Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s
organisational structure
and any wider network
with which the charity
works
Para 1.51
Relationship with any
related parties
Other
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Reference and administrative details

Charity name Andover Pre School Ltd Other name the charity N/A uses Registered charity number 1135042

Charity’s principal address

Andover Pre-School Limited 49-50 Corker Walk Central Square Andover Estate London N7 7RY

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Elizabeth Gbotaye	Chair
	Jahanara Begum Chowdhury	Secretary/Treasurer

– Corporate trustees names of the directors at the date the report was approved

Director name Elizabeth Gbotaye Jahanara Begum Chowdhury

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Position (for example Secretary, Chair, etc) Date

Andover Pre-school Limited Independent examiner's report on the accounts Year ended 31 March 2024 Charity registration number". 1135042 Company number: 07114984 We reportto the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. As the charity's trustees of the Company Iwho are also the directors of the company for the purposes of company lawl, you are responsibleforthe preparation of the accounts in accordance with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfied ourselves that the accounts of the Company are not required to be audited for this year under Part 16 ofthe 2006 Act and are eligible for independent examination, we report in respect of our examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1"the 2011 Act"}. In conducting our examination, we have followed the Directions given by the Charity Commission (under section 14515llbl of the 2011 Act. We are qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants. We have completed our examination, and we confirm that we have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding ofthe accounts to be reached. Britain Accountants Ltd Chartered Certified Accountants 5 Grampian Gardens Golders Green London NW2 1JH United Kingdom Date: 25 October 2024

Andover Pre-school Limited Statement of Financial Activities (SOFA) For the year ended 31 March 2024 Unrestrlcted Restricted 1£) Total this funds funds year (£1 Tota( last year 1£) Income Income from charitable activites & grants Other income Total Income 135,499 145 135,644 135,499 145 135.644 122.364 26 122.390 {Note 3; Expenditure Cost of law materials and consumables Staff costs 11,796 86.972 21 31,565 130,354 11,796 86,972 21 31,565 130.354 15.743 107,661 28 33,565 156,997 Depreciation and other amounts written off assets Other charges l Administrative & Governance Total Expenditure {Note 41 Net Income l {expendlture) Net movement in funds 5,290 5,290 -34,607 Funds Funds brOUghtfoard[l April 20231 Net movement in funds Funds carried foNard131 March 20241 35,448 5,290 40,738 35,448 5,290 40,738 70,055 -34,607 35.448

Andover Pre-school Limited Balance Sheet I Statement of Financial Position As at 31 March 2024 Ilncluding Analysis of Unrestricted l Restricted Funds- Charities Act 20111 SORP FRS 102 Compliantl Unrestricted Restricted Totalthis funds funds Total last year {£1 yeaT Fixed assets Tangible assets (Note 6 Total fixed assets 63 63 63 63 Currenl assets Cash at bank and in hand 65,693 65.693 65.693 65,693 49,463 49,463 Total current assets Llabilites Creditors.. amount5 falling due within one year (Note 7 -25,018 -25,018 -14,099 Total net assets or Ilabllltes 40,738 40.738 35.448 Funds ofthe Charlty Unrestricted Funds 40,738 40,738 35,448 Net assets l Total Funds 40,738 40,738 35,448 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were approved by the board of directors and authorised for issue on 2C October 2024, and are signed on behalf of the board by: E Abimbola Director Company registration number.. 07114984

Andover Pre-S¢hool Limlted Noles to the Financial Statemen15 As at 31 March 2024 Accounling Policles (al Basls of Pfeparaiion The financial statements have been prepared under the hislorical cost convenlion and in accordance with Ihe accordance with the Charities SORP IFRS 1021- Second Edition. the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021, the Companies Act 2006 and applicable charily law in England and Wales. The charity constitutes a public benefit entity. Ibl Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a goinE concern. {cl Incorne recognition Income is recognised when the charity has entitlement, il is probable that the income will be received and the amount can be measured reliably. Donations are recognised when receivable. Granl income is recognised when conditions are met. Legacies are fecognised when receipt is probable. Id) Expenditure recognitlon Expenditure is recognised once there is a legal or constructive obligation, it is piobable 5eltlement will be required and the amounl can be measured reliably. Expenditure is classified under.. Raising funds Charitable activities Support costs are allocated on a reasonable and consistent basis. lel Tangible fixed assels Depreciation is provided at the following annual rales in order to write off each assel over its estimated useful life or, if held under a finance lease, over Ihe lease term, which ever is shorter. Furniture & equipment 25% Reducingbalance If) Deblors Trade and other debtors are recognised at settlemeni amount. {gi Cash at bank and in hand Cash includes deposits held at c311 with banks Ihl Creditor5 Creditors are recognised where theie is a piesent obligation.

111 Fund accounting Unrestricted funds.. general funds available for charitable purpose5. Restricted funds: funds subject to donor-imposed restrictions. Endowment funds- capital must be retained lif applicable). Fund accounting All funds in the year were unrestricted Income 2024 1£) 2023 (Éi Income from charitable activites & grants Other income 135499 122364 26 122,390 145 135.644 Expenditure on Charitable Actlvltle 2024 2023 1£) 1£) Direct costs Support costs Administrative & Governance 11796 15743 107661 33.593 156.997 86972 31.586 130.354 Staff Costs 2024 2023 1£) 1£) Salaries Employer NIC Pension costs 83,642 1.039 1.464 86.145 103,685 2,306 1.670 107,661 Average number ofemployees Trustee did not receive any remuneration Tangible fixed assels Furniture & equipment TOTAL COST.. Balance bld Acquisitions 2.292 2,292 Balance 31.03.24 2,292 2,292

PROVISIONS: Balance blfwd Charge for Ihe period 2,207 22 2,207 22 Balance 31.03.24 2,229 2,229 NET BOOKVALUE Balance 31.03.24 63 63 Balance 31.03.23 85 85 CREDITORS:Amountduewithin one year 2024 2023 1£) (Éi Other creditors Accruals 17.152 7.866 4,199 9,900 25,018 14,099 Related party transaction No related party transaction in the year. Legal Status ofthe Charlty The charity is a company limited by guarantee and has no share capital and is registeied in England and Wales. The company is non-profit distributing, which means that all income received from whatever souice will be used to further the Company's aims and objectives and will not be paid out to members or others as shares or dividends. The member undertakes to contribute £1 in the event of winding up. The address of the registered office is 49-50 Corker Walk. Central Square Andover E5tale. Islington, N7 7RY,