## **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
expenditure**in**reserves, therefore our
**r**ecommended 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|
||||
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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,
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,