UP, UP AND AWAY PRE-SCHOOL-GREAT WALTHAM Charity number 1137026 Company registration number 07253412 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 UP, UP AND AWAY PRE4CHOOL4REAT WALTHAM CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Truste8'8 Annual Report Statement of Financlal AC￿vIty Balance Sheet Note8 formlng part of the fin8ncio1 statements 7-8 UP, UPAND AWAY PRE4CHOOL4REATWALTHAM TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Directors present their report with the financial slatements of the Company for the year ended ended 31 March 2025. P•rfod of thls r•port This report covers the year 1 April 2024 to 31 March 2025. Dat• of Incorporatlon 13 May 2010 Roglster•d company numbgr 07253412 Rogl•tgr•d charlty numb•r 1137026 Reglstored Addm• Hulton Hall South Street Great Waltham Chelmsford E88ex, CM3 1DF DlrKtorn Paul Bullivant Beset Ejaz Danlel Harper-Gray Leonie Harper Emma Lane Laura Mitson Appolnt•d 0511012022 0111212024 0511012022 0110912022 0111212024 0110612024 R•8lgnod 2010812024 2310512024 8ecrat•ry Richard Dlxon-Rams•y Inde￿ndent Examlnor Th¢)mas Dixon•Rams•y FCCA UP, UPAND AWAY PRE4CHOOL-GREAT WALTHAM TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Chairfs Report It has been another important year for Up Up and Away Preschool, and I woukl like to begin by thanking our dedicated staff team. committee members, and families for their continued support. Our preschool continues to provide a warm, nurturing, and engaging environment for Ihe children in our care, and the commitment shown by the team every day is something the commfftee is incredibty proud of. This year has also been a period of change and development within the setting. We have seen exciting new opportunrties arise, including strengthening our links the local school and developlng new experlences for the children such as outdoor learning and community engagement. I V￿uld like to take this opportunity to acknowledge the hard work and leadership of the presehool management team, particularty during a ts.me of transition. Their dedication to maintaining the qualty of provision while supporting staff and families has been invaluable. We would also like to extend our thanks to all parents and carers who support the preschool in so many way¥ whether through fundraising, volunteering, or simply being part of our preschool communty. Flnancially, the settlng has showi encouraglng progress thls year, retuming to a positive financial position after several challenging years, which reflects the careful work of the Treasurer and management team. Looking ahead. the committee remains committed to supporting the preschool to ensure it continue8 to thrNe and provide the best possible start for the children in our care. On behalf of the committee, thank you again to everyone vtho contributes to making Up Up and Away Preschool Such a special place. Many Ihank Paul Bullivant Chair of the Committee UP, UP AND AWAY PRE4CHOOL-GREAT WALTHAM TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Treasurerfs Financial Report This report summarises the financial position of Up Up and Away Preschool Ltd for the year ending 2025. During the preparation of the accounts, a small number of fomiula amendments were required %Mthin the spreadsheet. Once these adjustments were made, the accounts reconciled correctly and l am satisfied that the Profit and Loss account presents a true and fair view of the preschool's financial p051tion for the year. Not all receipts were available for some historical reimbursements,. however, the values involved w6re not material to the overall accounts and do not affect the accuracy of the financial statements. Going forward, it would be considered best practice to ensure receipts are obtained at the tlme of relmbursement so that records remain complete and easy to verlfy. The preschool recorded a net profft of £5,574 for the year, ￿1¢h is a very posltlve result following three consecutlve years of substantial losse8. This improvement represents an important step toward restoring financial stabllty for the setting. At the end of the 2025 financial year, the preschool holds net a88ets of £19,793, compared wlth £14,219 in 2024. Atthough reseries remain lower than earfler years, the increase this year reflect8 the positive operating result achieved during the financial period. The current account balance has improved signrficantly during 2025, reflecting stronger cash flow. The deposit account remains 3tsble and acts as an important reserve, helping to provide financial security for the preschool. In 8ummary.' The accounts reconcile and present a true and fair financial position. Minor spreadsheet formula corrections were required but have now been re801ved. Some receipt8 were unavailable, though the amounts were not material. The preschool achieved a profit of £5,574. marking a positive turnaround after three years of losses. Net assets have Increased to £19,793, Strengthening the pre8chool'$ financial position. Overall, the financial outcome for the year repr•s•nts a po8ltlve step tobvard rebuilding reserves and maintaining long-temi sustainabilty for the setting. UP, UP AND AWAY PRE-SCHOOL-GREAT WALTHAM TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Prfnclpal actlvlty Up Up and Away pre-school is a charity run organisation wthose alms are to provide the very best high quality childcare to families within their local community, within a happy, safe, sts-mulating and nurturlng •nvironment. Govgmlng document The Company is operated under the rules of IYS Memorandum and Artlcles of Association dated 13 May 2010. It is a Company Limited by Guarantee and therefore has no share capital. Overall management of the Company is the responsibility of the Directors vtho are elected and c￿Opted under the terms of the Memorandum and Articles of Assoclation. Day to day project actually is managed and carried out by paid staff and volunteers. Exemptlon• The Directors have taken advantage of the exemptions avallable to small Companies, includlng the audit exemption (see statement on balance sheet). The Company's pollcy on rn3orves The Company has a reseries policy in Ilne wth their Memorandum of Association, and it is renewed yearly at the Annual General Meets'ng. Paul Bullivant Chair UP, UP AND AWAY PRE-SCHOOL-GREAT WALTHAM STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestrictsd 2024 Unrestrlcted Income and endovmients from: Charitable activitie8 Other income 127,242 103,568 30 103,598 127,350 Resources expended: Charitable activities 121,668 121,668 125,850 125,850 Net Incomel(expendituro1 5.682 (22,252) Total funds brought forward from 1 st April 2024 14,219 36,471 Total funds carrled forward at 31 March 2025 19,901 14,219 The notes on pages 7 & 8 form part of these financial statements UP, UP AND AWAY PRE-ScHOoL￿REATWALTHAm BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Currnnt a380ts Cash at bank and in hand Total curront assets 20,739 20,739 15,057 15,057 Current Ilabllltles Creditors.. due within one year Total current Ilabilltles 838 838 838 Net a830ts 19,901 14,219 Total funds 19,901 For the period ended 31 March 2025 the Company was entitled to exemption from audit under sectlon 477 of the Companie8 Act 2006. The members have not required the Company to obtaln an audlt In accordance vlth Sectlon 476 of the Companies Act 2006. The Directorfs acknowledge their responsibilty for comptying Vlith the requirements of the Act with respect to accounting records and for the preparation of a￿OUnt$, These account5 have been prepared in accordance with the provisions applicable to Companies subject to small Companies wime. The Directors declare that they have approved the accounts above. Paul BUl￿'Vant UP, UP AND AWAY PRE4CHOOL-GREATWALTHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting policles Charlty Inforniation Up, up and Away Pre-School-Great Waltham is a private company limited by guarantee incorporated in England and Wales. The registered office is Hulton Hall South Street, Great Waltham, Chelmsford, Essex CM3 1DF. Ba#1• ot th• pr•paratlon of tho aG¢ounts Th• financial ststements have been prepared In accordance with Accounting and Reporting by Charities.. Statement on Recommended Practise 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)- (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. The trustees have taken advantage of the exemption in Financial Reporting Standard 1 (revised) from including a cash flow ststement in the financial statements on the grounds that the charty 18 small. Incomlng r￿QUr¢0* All material incomlng resources have been induded on a receivable basis l.e. they are included rf the date receivable falls within the period covered by these accounts. All income received Is unre8tricted. R•*ources fjxpendod The8e have been analysed using a natural classification. All expenses are unrestricted. Crltlcal accountlng e8tlmat•8 and Judgoment• 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 relevanL Actual results may differ from these ests'mates. The estimates and underlying assumptlons are ￿vieWed 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 period, or in the period of the revision and future periods where the 'revision affects both current and future periods. There are no critical accounting estimates or judgements in the financial statements. 2. Incomo from charltsble acllv1150S 2025 2024 Fees from parents Funding - Essex County Council Donations Fundraising 28.332 98,834 276 20,307 83,124 137 127.242 103,568 UP, UPAND AWAY PRE4CHOOL-GREATWALTHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 3. R•sources •xponded 2025 2024 Charltable actlvltles Wages 97,748 109,471 Offlce expendlture 4,625 2,666 Hall rental 7,435 10,483 Mlik& snacks 896 1,421 Insurance 182 701 Tralnlng 2,206 673 Repalrs & malntenance 781 85 Professlonal fees 7,795 350 121,668 125,850 4. Cr•dltor• 2025 2024 Accruals 838 838 838 838 S. Rolat•d partlos There were no related parties within the year 6. Golng concem The charity 1$ operating on a going concem basis 7. Staff As at the 31•t March 2025, 10 staff (2024: nine) were employed by Up Up and Away Pre School. No staff member earned more than £60,000 pa.