Old London Road Pre-school Limited Company limited by guarantee Old London Road Pre~school Limited Financial Statements st For the period I September 2023- 31" August 2024 Registered as 4 compan!. limited b) Gu*rante¢ in Ellglgd & Wale9 Registered Offi¢e: 33 iaynehin Court. Elmsh911 Plac& St AlbaD& ALI 3 Regislertd Yo: 7287688 Re£tered Charity No: 1137573 Page1of8
Old London Road Pre4chool Limited Company limited by guarantee Contents Pag• Directors. report Profit and loss ar£ount Balance sheet Notes to the financial statements Page2of8
Old London Road Pre-school Limited Company limitsd by guarantee Directors. report for the period 1 September 2023- 31 August 2024 The direcors psent their report and the financial statements for the period 1 September 2023 - 31° August 2024. Objectivu of th• Charlty The obJe¢tives of the Pr8-School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and prowde for the need8 of their hildren through community groups and by.- OlferirwJ appropriale play. education and care faciliti.es and training courses. lojether with the right of parents to take rèsponsibilty for and to become involved in the activities of such groups, ensuring that such groups offer opportunrties for all children whatever their race. culture, religion, means or ability., Encouraging the study of the needs of such ¢hildren and their families and promoting public inter88t in arKI recognrtion of such needs,. Instyating and adhering to and furthering the aims and objects of the Pre-school Learning AllianGe. M•Mgnanl The goveming documents of the company are rts memorandum and articles of assoGiation. management of the chanty is through a Committee of volunteers who are the directors of the ompany. The day to day running of the chanty is via a team of paid Staff. The w84chool is a registered ¢harity11137573) and is registered with Ofsted (123849). Dlr•ctorn The diredors who served dunng the year are as stated below'.- Amelia Hodge Jennrfer Mouratsing Rosa Stacey (appointed 13° December 2022) sa Gallagher (appointed 13° December 2022) Emily Amislrong (appointed 15" March 2023) Rachel Horgan lappoinled 25 January 2023) Kathryn Kariyawasam {appointed 15° December 20221 Hannah Rimmer (appointed 13 December 2022) None of the diredors has any beneficial interest in the company. All of the Directors are members of the c(xnpany and guarantee to contribute £1 in the event of rling up. Secretary Lucy Good Page3of8
Old London Road Pre-school Limited Company limited by guarantse Review of Actlvities Chikl numbers were in line wth a usual Autumnal entry in September 2022, wrth numbers ri5W¥J throughout the year and a heatthy waiting list maintained. The govemment expanded furKkd childcare lo working parents of 2 years olds in Apn"I which raised our numbers to 100% occupar)cy in Ihe summer term. Some of our families Vre able to lake up the offer of using spaces in our nursery year group. which in tum creatèd spaces for us to enroll new children that were in n88d of a we- School place. We launched our Ju8t GNing page which has made receiving donations from our supporters much easier. A QR code was also added to our bSrte to encourage familles. County council funding continued to make up the majoiity of fees at our pre-school from 3 and 4 year old children, supported 2 year old families. working 2 year old families and earty years pupil premium. The couthy council funding was grealer than last year due to the increase in funding for both universal, 2 yéar funding and the funding expansion. Parent fees vftr8 16.7% higher than last year due to an increase in our hourty rate from non-funded 2 year olds. Wages were higher than last year because of the 10% national minimum wage increase and the higher ratios we needed for 2 year olds. We were able to successfully run a number our annual fundraising events such a8 the Fun day and the sponsored bounce which parents and the community continued to gènerously support. We used the funds raised from our sponSod b)unce lo purchase a new mud kitchen for our garden provides much enjoyment and leaming opportunities for the preschool children. We have also been able to continue to fundraise as part of the St. Albans districl community lottery The earfy years pu1 premium money that we received enabled some of our disadvartaged familK8s to join our pre-school trip lo 8ekonscol Model Village. We continue to support our children 7Atyth addrtional needs and have welcomed new children vk need extra help and support in the pre-school setting. We work dosely wth the families and relevant professionals to ensure that the best care and support is provided in a number of ways. One of our depulies has completed their Certsey SENCO qualifiGation whbth enables us lo further supp1 our families and children in our care. Two members of staff completed their EYPDP training vthich broughl in extra funding on Ihe completion of this course. The knowledge gained was cascaded to the team to improve our provision and enable our newer members of staff to have a good understanding of the requirements of beiNJ a practrtioner in our setting. The Directors, extend their Ihanks to all the pre-school staff for their conts'nued dedicats'on, resilience, professionalism and enthusiasm during this year. Review of Flnanclal posltlon During the period the pschOol made a profit of £26,005. Reserves at the end of the period **re £160,547 of which £847 are restncted for funding staff outdoor training. Page4of8
Old London Road Pre-school Limited Company Ilmlted by guarantee Slatement of finan¢lal activlties for the perlod 1 September 2023- 31 August 2024 Notes 2024 2023 Incoming Rmources Incomlng rQur¢ from Don•tlon• & l•g•cl•• Donations 214 103 HertfordshI County Council Funding Pre-school Fees 187,489 123,067 85,764 73,470 Incomlng Mourc•• frryn oth•r tr•dlng •ctlvltb•• Fundraising 5,312 5,702 Incomlng re•ourcM frorn In¥Mtm•nt• Investment Income 1.503 702 Total Incomlng R•sourc 280.282 203.044 Expondlturo Expgndlturn on rnl¥lng fund• Fundraising 2.269 2.316 Expendlturn on ¢h•Tltsbl• •ctb¥ltl•• Pre-school operating costs Pre-school wages Rent 26,189 18,239 215,039 179,677 10,800 11,521 Oth•r Exyndrtur• Bank charges Total Resourcm Expend 254,277 211,753 Not Movement In Resou0* 26,005 (8,709) Reconclllatlon of Funds Total funds brought forward 134,542 143,251 Totsl funds carried Fornard 160,547 134,542 Page5of8
Old London Road Pre•8chool Limited Company limited by guarantee Balance sheet as at 31. August 2024 Notss 2024 2023 Total Fixed Assets Current Assets Sundry Debtors Cash at bank and in haThJ 4,253 160,747 130,488 160 747 134 741 Less Credltors: Amounts falling due within one year 2C(I 200 Net Current as•ets 160,$47 134,641 Totsl a••t•1•8 curr•nt Ilablllllos 160,$47 134,541 Total Net as$•t• 160.547 134.541 Funds Restricted Income funds Unrestncted Funds 159,700 133,695 Tolal Charlty Funds 160.547 134 542 Dlrectors, statements for the porlod 1" SoPtomb•r 2023- 31" August 2024 For the period 1 September 2023 - 31° August 2024 the company was enlitled to exemption lffxn audrt under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilrties.. the members have not required the Gompany to obtsin an audit of its accounts for the year in question in accordance with section 476, the directors aGknowledge their responsibilrties for complying wrth the requirements of Act with respect lo accounting records and the preparation of accounts., these accounts have been prepared in accordanc£ wrth the wovisions applicable to companies subject to the small cornpanies, regim8 These fi'nancial slatements have been prepared in acGordanrE wrth the special provisions to small companies and with the Finanual Reporting Standafd for Smaller Entities (effeclive January 200n. The finan¢ial statements were approved by the Board on 28 November 2024 and signed on its behalf by.. Jennlfer Mouratsing Diroctor Page6of8
Old London Road Pre4chool Limited Company limlted by guarantse Notss to the financial statements for the period 1 September 2023 - 31" August 2024 1. Accounting policies 1.1 Basis of preparatlon The accounts have been prepared under the hBlorical cost convenb"on. The aceounts have been prepared in ac£ordance wth apPItab accounting $tsndards. the Finanoal Rep)rbng Stsndard for Smaller Entities leffectsve Apnl 20081, the SLement of Recommended PraciKe. "Accounting and Reportsng by Chanties" tssued In PAarch 2LKJ5 and the Compans Act 2006. 1.2 Incoming resources Fees. donations and grants are £oUnted for ¥then receivable. Grfts and servw in kind were not material in the period. 1.3 Resources •xpondod All resources are eXnded in furtherance of the prov15 of w. edueatN)n and recreational facilrtie5 for the Pre-SclvJol chil¢Jren. 1.4 Taxallon The chty is exempt from corporation tax on its charitae vLtivibes. 1.5 Fund accountlng Unrestrthj lun¢Js ¢an be used in accordance with the Charitab obj'ectives at tho discretion of the tru8te85. Reslrthd funds can only be used for particular reslncted purposes ¥ffithin the objects of the charity. Restriction8 arise specified by the donor or when fvnds are fatsed for partKukr restncled purposes. Further explanation of the nare and wrF¥)se of ea¢h fvnd is induded in the notes to the financial statements. 2. Hertlordshlre County Councll fundlng 2024 £167.538 £15.880 £2.551 £1.520 2023 £114.216 £6.118 £2.618 £116 Tfj, Three and Four year old funding Excepts'onal l Hh Needs FuTh1ing Pupil Premium Funding EYPDP Funding Totsl Fundlng £187889 £123.067 3. Inveslment Income 2024 £1,503 2023 £702 Bank rteresl re¢eivable Tot•1 Inve•tm•nt Incom• £1J03 £702 4. Tru8t•es' romuneratlon and boneffts There were no tTU$tees' remunerab.on or olher beneffts for the year erKl¢(131 August 2024 or the year ended 31° AwJusl 2023. Trustees. expenses There *Ere no trustees, expenses paid for the year ended 31 August 2024 or the year ended 31 August 2023. Page7of8
Old London Road Pre-school Limited Company limited by guarantee 5. Employees Tho av¢fage number of omploy•68 durlng th• p•rfod Directors lunpaidl Management and teaching 2024 2023 16 14 Employment Costs Wages & Salaries Social Secunty costs Pension contributions Charity Payroll lees 2024 £169,898 £23.164 £21,fM17 £970 2023 £149,861 £18.948 £9,956 £911 No employees received empbyee bgnefits of more than £60,CA)O. 6. Debtorn Unpaid Invoiees Fundraising Income related to 2023 Fun Day 2024 £0 2023 £3,753 £500 7. Cr•dltors Unpa+d InvolS 2024 £200 2023 £200 8. Funds Rfj•trl¢ted Fund8 Reslncted funds of £847 were being hekj al the beginning of the yoor for ftxest schty)I staff training. Movement In Fund• Net Mov•m¢nt In funds At 1.9.23 At 31.8.24 Unrestricted Funds Restricted Funds ITroiningl 133.695 26,005 159,7tXI Tot•1 Fund• 134,$42 26.005 160.547 Net movement In fund•, Included In th• •l)ov• arn M follo. Incomlng RQUr¢ Resources Expend•d Movement In Fundi Unrestricted Funds Restri¢led Funds 280.282 1254.2771 26,005 Totsl Fund8 280,282 254.277 26,005 Page8of8
Old London Road Pre-school Limited Company limited by guarantee Old London Road Pre~school Limited Financial Statements st For the period I September 2023- 31" August 2024 Registered as 4 compan!. limited b) Gu*rante¢ in Ellglgd & Wale9 Registered Offi¢e: 33 iaynehin Court. Elmsh911 Plac& St AlbaD& ALI 3 Regislertd Yo: 7287688 Re£tered Charity No: 1137573 Page1of8
Old London Road Pre4chool Limited Company limited by guarantee Contents Pag• Directors. report Profit and loss ar£ount Balance sheet Notes to the financial statements Page2of8
Old London Road Pre-school Limited Company limitsd by guarantee Directors. report for the period 1 September 2023- 31 August 2024 The direcors psent their report and the financial statements for the period 1 September 2023 - 31° August 2024. Objectivu of th• Charlty The obJe¢tives of the Pr8-School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and prowde for the need8 of their hildren through community groups and by.- OlferirwJ appropriale play. education and care faciliti.es and training courses. lojether with the right of parents to take rèsponsibilty for and to become involved in the activities of such groups, ensuring that such groups offer opportunrties for all children whatever their race. culture, religion, means or ability., Encouraging the study of the needs of such ¢hildren and their families and promoting public inter88t in arKI recognrtion of such needs,. Instyating and adhering to and furthering the aims and objects of the Pre-school Learning AllianGe. M•Mgnanl The goveming documents of the company are rts memorandum and articles of assoGiation. management of the chanty is through a Committee of volunteers who are the directors of the ompany. The day to day running of the chanty is via a team of paid Staff. The w84chool is a registered ¢harity11137573) and is registered with Ofsted (123849). Dlr•ctorn The diredors who served dunng the year are as stated below'.- Amelia Hodge Jennrfer Mouratsing Rosa Stacey (appointed 13° December 2022) sa Gallagher (appointed 13° December 2022) Emily Amislrong (appointed 15" March 2023) Rachel Horgan lappoinled 25 January 2023) Kathryn Kariyawasam {appointed 15° December 20221 Hannah Rimmer (appointed 13 December 2022) None of the diredors has any beneficial interest in the company. All of the Directors are members of the c(xnpany and guarantee to contribute £1 in the event of rling up. Secretary Lucy Good Page3of8
Old London Road Pre-school Limited Company limited by guarantse Review of Actlvities Chikl numbers were in line wth a usual Autumnal entry in September 2022, wrth numbers ri5W¥J throughout the year and a heatthy waiting list maintained. The govemment expanded furKkd childcare lo working parents of 2 years olds in Apn"I which raised our numbers to 100% occupar)cy in Ihe summer term. Some of our families Vre able to lake up the offer of using spaces in our nursery year group. which in tum creatèd spaces for us to enroll new children that were in n88d of a we- School place. We launched our Ju8t GNing page which has made receiving donations from our supporters much easier. A QR code was also added to our bSrte to encourage familles. County council funding continued to make up the majoiity of fees at our pre-school from 3 and 4 year old children, supported 2 year old families. working 2 year old families and earty years pupil premium. The couthy council funding was grealer than last year due to the increase in funding for both universal, 2 yéar funding and the funding expansion. Parent fees vftr8 16.7% higher than last year due to an increase in our hourty rate from non-funded 2 year olds. Wages were higher than last year because of the 10% national minimum wage increase and the higher ratios we needed for 2 year olds. We were able to successfully run a number our annual fundraising events such a8 the Fun day and the sponsored bounce which parents and the community continued to gènerously support. We used the funds raised from our sponSod b)unce lo purchase a new mud kitchen for our garden provides much enjoyment and leaming opportunities for the preschool children. We have also been able to continue to fundraise as part of the St. Albans districl community lottery The earfy years pu1 premium money that we received enabled some of our disadvartaged familK8s to join our pre-school trip lo 8ekonscol Model Village. We continue to support our children 7Atyth addrtional needs and have welcomed new children vk need extra help and support in the pre-school setting. We work dosely wth the families and relevant professionals to ensure that the best care and support is provided in a number of ways. One of our depulies has completed their Certsey SENCO qualifiGation whbth enables us lo further supp1 our families and children in our care. Two members of staff completed their EYPDP training vthich broughl in extra funding on Ihe completion of this course. The knowledge gained was cascaded to the team to improve our provision and enable our newer members of staff to have a good understanding of the requirements of beiNJ a practrtioner in our setting. The Directors, extend their Ihanks to all the pre-school staff for their conts'nued dedicats'on, resilience, professionalism and enthusiasm during this year. Review of Flnanclal posltlon During the period the pschOol made a profit of £26,005. Reserves at the end of the period **re £160,547 of which £847 are restncted for funding staff outdoor training. Page4of8
Old London Road Pre-school Limited Company Ilmlted by guarantee Slatement of finan¢lal activlties for the perlod 1 September 2023- 31 August 2024 Notes 2024 2023 Incoming Rmources Incomlng rQur¢ from Don•tlon• & l•g•cl•• Donations 214 103 HertfordshI County Council Funding Pre-school Fees 187,489 123,067 85,764 73,470 Incomlng Mourc•• frryn oth•r tr•dlng •ctlvltb•• Fundraising 5,312 5,702 Incomlng re•ourcM frorn In¥Mtm•nt• Investment Income 1.503 702 Total Incomlng R•sourc 280.282 203.044 Expondlturo Expgndlturn on rnl¥lng fund• Fundraising 2.269 2.316 Expendlturn on ¢h•Tltsbl• •ctb¥ltl•• Pre-school operating costs Pre-school wages Rent 26,189 18,239 215,039 179,677 10,800 11,521 Oth•r Exyndrtur• Bank charges Total Resourcm Expend 254,277 211,753 Not Movement In Resou0* 26,005 (8,709) Reconclllatlon of Funds Total funds brought forward 134,542 143,251 Totsl funds carried Fornard 160,547 134,542 Page5of8
Old London Road Pre•8chool Limited Company limited by guarantee Balance sheet as at 31. August 2024 Notss 2024 2023 Total Fixed Assets Current Assets Sundry Debtors Cash at bank and in haThJ 4,253 160,747 130,488 160 747 134 741 Less Credltors: Amounts falling due within one year 2C(I 200 Net Current as•ets 160,$47 134,641 Totsl a••t•1•8 curr•nt Ilablllllos 160,$47 134,541 Total Net as$•t• 160.547 134.541 Funds Restricted Income funds Unrestncted Funds 159,700 133,695 Tolal Charlty Funds 160.547 134 542 Dlrectors, statements for the porlod 1" SoPtomb•r 2023- 31" August 2024 For the period 1 September 2023 - 31° August 2024 the company was enlitled to exemption lffxn audrt under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilrties.. the members have not required the Gompany to obtsin an audit of its accounts for the year in question in accordance with section 476, the directors aGknowledge their responsibilrties for complying wrth the requirements of Act with respect lo accounting records and the preparation of accounts., these accounts have been prepared in accordanc£ wrth the wovisions applicable to companies subject to the small cornpanies, regim8 These fi'nancial slatements have been prepared in acGordanrE wrth the special provisions to small companies and with the Finanual Reporting Standafd for Smaller Entities (effeclive January 200n. The finan¢ial statements were approved by the Board on 28 November 2024 and signed on its behalf by.. Jennlfer Mouratsing Diroctor Page6of8
Old London Road Pre4chool Limited Company limlted by guarantse Notss to the financial statements for the period 1 September 2023 - 31" August 2024 1. Accounting policies 1.1 Basis of preparatlon The accounts have been prepared under the hBlorical cost convenb"on. The aceounts have been prepared in ac£ordance wth apPItab accounting $tsndards. the Finanoal Rep)rbng Stsndard for Smaller Entities leffectsve Apnl 20081, the SLement of Recommended PraciKe. "Accounting and Reportsng by Chanties" tssued In PAarch 2LKJ5 and the Compans Act 2006. 1.2 Incoming resources Fees. donations and grants are £oUnted for ¥then receivable. Grfts and servw in kind were not material in the period. 1.3 Resources •xpondod All resources are eXnded in furtherance of the prov15 of w. edueatN)n and recreational facilrtie5 for the Pre-SclvJol chil¢Jren. 1.4 Taxallon The chty is exempt from corporation tax on its charitae vLtivibes. 1.5 Fund accountlng Unrestrthj lun¢Js ¢an be used in accordance with the Charitab obj'ectives at tho discretion of the tru8te85. Reslrthd funds can only be used for particular reslncted purposes ¥ffithin the objects of the charity. Restriction8 arise specified by the donor or when fvnds are fatsed for partKukr restncled purposes. Further explanation of the nare and wrF¥)se of ea¢h fvnd is induded in the notes to the financial statements. 2. Hertlordshlre County Councll fundlng 2024 £167.538 £15.880 £2.551 £1.520 2023 £114.216 £6.118 £2.618 £116 Tfj, Three and Four year old funding Excepts'onal l Hh Needs FuTh1ing Pupil Premium Funding EYPDP Funding Totsl Fundlng £187889 £123.067 3. Inveslment Income 2024 £1,503 2023 £702 Bank rteresl re¢eivable Tot•1 Inve•tm•nt Incom• £1J03 £702 4. Tru8t•es' romuneratlon and boneffts There were no tTU$tees' remunerab.on or olher beneffts for the year erKl¢(131 August 2024 or the year ended 31° AwJusl 2023. Trustees. expenses There *Ere no trustees, expenses paid for the year ended 31 August 2024 or the year ended 31 August 2023. Page7of8
Old London Road Pre-school Limited Company limited by guarantee 5. Employees Tho av¢fage number of omploy•68 durlng th• p•rfod Directors lunpaidl Management and teaching 2024 2023 16 14 Employment Costs Wages & Salaries Social Secunty costs Pension contributions Charity Payroll lees 2024 £169,898 £23.164 £21,fM17 £970 2023 £149,861 £18.948 £9,956 £911 No employees received empbyee bgnefits of more than £60,CA)O. 6. Debtorn Unpaid Invoiees Fundraising Income related to 2023 Fun Day 2024 £0 2023 £3,753 £500 7. Cr•dltors Unpa+d InvolS 2024 £200 2023 £200 8. Funds Rfj•trl¢ted Fund8 Reslncted funds of £847 were being hekj al the beginning of the yoor for ftxest schty)I staff training. Movement In Fund• Net Mov•m¢nt In funds At 1.9.23 At 31.8.24 Unrestricted Funds Restricted Funds ITroiningl 133.695 26,005 159,7tXI Tot•1 Fund• 134,$42 26.005 160.547 Net movement In fund•, Included In th• •l)ov• arn M follo. Incomlng RQUr¢ Resources Expend•d Movement In Fundi Unrestricted Funds Restri¢led Funds 280.282 1254.2771 26,005 Totsl Fund8 280,282 254.277 26,005 Page8of8
Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tha trustsesl mombors of OLD LONDON ROAD PRE-SCHOOL LIMITED On accounts for tho year gnded 31. August 2024 Charlty no (if any) 1137573 Set out on pages -F 8 Re•pectlvo The ¢hantV$ trustees are responsible for the preparatson of the accounts. The re8pon8ibiliti08 of charity's trustees conSer Ihal an audrt is not requifed for this year under 8eGtion tru8tee8 and examiner 144 of the Charrts Acl 2011 {the Chan1 A£tl and that an Independent examination is needed. It is my responsibilty to.. examine the accounts uThJer Secti( 145 of the Chanti•s Act, lo folltr•V the prcrtedufes laid down in the general Directions given by t Charity Commission (under section 145{5llbl of the charit Act, and to stste whether Paclar matters have come to my attention. Ba818 of ind•pendent My examination was carried out in accordance wrth general Directions given by the •xaminer'8 atatèmènt Charty Commission. An examination includes a re¥W of the accounting records kept by the charity and a ccmparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from the trustee8 concemiryJ any such matter8. The pro¢¢dures undertaken do not provide all the evidence thal would t required In an audrt, and consequentty no opinion is gNen as to whether the accounts preBenl a 'true and fail vth¥ and th8 report is l¥nrted to those matters sel out in the statement bekhv. Ind•p•nd•nt In connection bwth my exarninatim. no matter has o)n to my attention (other than •xamlnef 8 Statement that disclosed below "I l. which gives me reastywble U80 to believe that in, any material respect, the requirements". lo keep a¢¢ounting records in a¢Idance with Section 130 of the Charhl08 Act. and to prepare accounts which accThd with the ac£ounting record8 and comply with the accounting requirements of the Charitie$ Act have not been mot: or 2. to which, in my opinN. attention be drawn in order lo enable a proper understanding of the accounts lo be readd. . Pl88S8 delete rhe in the brackels rfth&y do nol apply. 56gn•d: O•ts: 03.•1 Narn•: Relevant profvsslonal qualifi¢ationl8} or body (if any}- irtA Addre••: ST A3. SAJ IER March 2012
Section B Dis¢losure Only complete if the examinei needs to highli9ht material problems. Glve here brlef dotall8 of any items that the axaminor wishes to dlsclo80. IER March 2012