Company Registration Number- 06998560 The Charity Registration Number is 1138317 Roselands Pre School Highamwood Limited Report and Accounts 31 August 2024 Roselands Pre School Hlghamwood Limited Report and accounts for the year ended 31 August 2024 Contents Pago Charlty Informatlon Trustees, Annual Report Statement of dlrectors, responslbllltles Independent Accountant's Report Funds Statements... Slalemenl of Financial Activities Statement of Financial Activities - Prior Year statement Statement of total recognised gains and Ioss8S Movements in funds 10 10 10 Revaluation r8serves Revènue Funds Fixed Asset funds Income and Expenditure accoLrnl Summary offunds 11 12 12 Balance Sheot Cash flow Statement Notès lo the aceounts 13 14 16 Roselands Pre School Highamwood Limited Company Registration Number- 06998560 Trustees, Annual Report for the year ended 31 August 2024 The Trustees present their Report and Accounts for the year ended 31 August 2024, which also comprises the Directors. Report required by the Companies A¢1 2006. Reference and administratlve details The charity name. The legal name of the charity is'.- Roselands Pre School Highamwood Limit8d. The charity 15 also known by its opefaling name. Roselands Pr&School. Tha charlty* arms op•ratlon and UK charit4bl• r•glstratlon. The charity is registered In England & Wal&s wlih the Charlty Commlsslon in England & Wales (CCEW) wlth charity number 1138317. The charity does not operate in any overseas jurisdictions. Legal structure of the charlty The charity is consliluled as a company limil8d by guarante8. registered under the Companies Acts The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. The governing document is dated 24 August 2009 There are no restriGtions in the gov8rning documents on the operation of the Charity or on its investm8nt powers other than those imposed by Charity Law. By operation of law all. trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such. under both company and Charity logislalion. The trustees are all individuals. The prlnclpal operatlng addr•88, telephone numbér, emall and web addr••u$ of th8 charlty aro:. Roselands Pre-school Woodlands School Grounds, Higham School Road, Tonbridge Kent, TN10 4BB Telephone 01732 368580 Email Address rospland$office@btconnecl.com Web address roselandspre-schoolhighamwcod.vpweb.co.uk The registered office of the charity for Companies Act purposes is the same as the operating address shown above. Roselands Pre School Highamwood Limlted Company Registration Number- 06998560 Trustees. Annual Report for the year ended 31 August 2024 The Trustees In offic• on tho date th• rèport was approvod w•r•'.- Office Chair Treasurer Se¢relary N8m• Olivia Rose-wilson Rebecca Barclay Joanne Winter Appolnted 23rd March 2023 26th June 2023 26th June 2023 Roslgnod The followlng porsons s•r¥•d as Trustees durln9 thè yaar •nd•d 31 August 2024 :. The Iruslees who served as a trustee in the reporting period wer8 as shown above, and there were no Changes during the year, or in the perlod betsveen Ihe year end and the approval of the accounts. Resignèd Trustee Amy Bary Olivia Rose-wilson Ikt-23 Trustee Trustee Claire Phipps Rebecca Barclay Joanne Winter Apr.24 Trustee Trustee Trustee Lynn Templeton Sara Miles Trustee Trustee Sara Livermore Trustee Sarah Holmes Trustee Alice Plane All the trustees are also members of the charity. Objects and actlvltles of the charity The purposes of the charlty as set out in its governing document. The object of the charity is to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. The Trustees are elected each year in accordance Wlth the Articles of Association at the yearly held Annual G8n8ral Meeting. Roselands Pre School Highamwood LimSted Compar¢y Registration Number- 06998560 Trustees, Annual Report for the year ended 31 August 2024 The main activities undertaken during the year to further the charlty s purpose for the public benefit. The staff and trustees follow a set of policies to enable the Pre-school to achieve its overall aim of making children feel safe and happy in the absence of their parents. p.-oviding individual and group activities for pre-school children and ensuring a smooth transfer to primary school. Our policies are updated annually to ensure they are always relevant to the setting and services. The preschool encourages the development of ¢hildr8n by following the EYFS The contribution of volunteers durlng the year. The truslees donated their time to oversee the management of the preschool and to raise funds for activities and additional resources. Fundraising activltles durlng the year. The charity Telies on grant aid from the donors Idenllfied in th& accounts, whose support Is valued. The degree to whlch the achlevements and performance durlng the year have benefited beneficiaries ol the charity and wider society. The Trustees have referr8d to the guidance contained in the Charlty Commission's g8n8ral guidance on public benefit when reviewing the Company's vision and objectives and in planning future activities. In particular the Trustees consider how planned activities and the management of resources will provide maximum 'benefit'. Roselands Pre School Highamwood Limited Company Registration Number - 06998560 Trustees, Annual Report for the year ended 31 August 2024 Structure, governance and management of the charity The methods used to recruit and appoint new charity trustees. Roselands Pre-school Highamwood Limited is constituted by Deed of Trusl and is a registered charity. The company is Limited by Guarantee and not having Share Capital Memorandum of Association. The Trustees have referred to th8 guidance contained in th8 Charity Commission's general guidance on public b8nèfit when reviewing the Company'5 vision and objectives and in planning future activities. In particular th8 Trustees consider how planned activities, and the management of ￿sourCeS will provide maximum 'b8n8fit'. Each year we advertise for new members and promote joining the committee at fundraising events The charlty s organisatlonal structure. The charitl8s' internal organisational stwcture is run by Mrs Lisa Marchant the Pr8school Manager, Mrs Elizabeth Frith the Office & Accounts Manager and Mrs Faye Rockell the Deputy & SENCO Manager. There are 12 other members of staff who cover morning and afternoon sessions on a daily basis. The management team oversee the running of the Preschool to ensure there is always the correct ratio of staff to children al every session. in accordance with Ofsted guidelines. The Management team and the Trustees form a key working relationship to ensure the Preschool follows all relevant procedures and policies. Flnanclal review Tho charlty s flnanclal posltlon at the end of tho year ended 31 August 2024 The financial position of the charity at 31 August 2024 and comparatlV9s for the prior period, as more fully detailed in th6 accounts, can be summarised as follows... 2024 2023 Net Incom• 18,7361 13.1201 Unreslricled Revenue Funds available for the general purposes of the charity Designated Fixed Asset Funds Total Unrestrlcted Funds 89,222 97,958 243,732 243.732 332,954 341,690 Totsl Funds 332,954 341,690 Roselands Pre School Highamwood Limited Company Registration Number- 06998560 Trustees. Annual Report for the year ended 31 August 2024 Financlal review of the position at the reporting date, 31 August 2024 . Th8 rising Cost of living and inlerest rat8s have been a major concem for many families, and parents are feeling the financial strain more than ever. Al Roselands Preschool, we have noticed a significant decrease in the contributions made by parents towards the fruit costs for snack time and our preschool development fund. In fact, we have seen that less than half of the parents are able to contribute, which is the lowest we have seen. This is a worrying trend, as these contributions are crucial to maintaining the high-quality equipment and resourc8S thal we provide for our children. We fully accept the 30-hour funding, working family funding and the free for funding, however we have noticed that it has come with ils own set of challenges. The government funding is 0ft8n not enough to cover the full cost of provision, and this puts a strain on our already limited resources. However. at Roselands Preschool, we are committed to providing the best possible early years education for our children, regardless of the economic conditions. We understand that every child deserves the opportunity lo learn and grow in a supportive and nurturing environment. Roselands Preschool is now within its 14th year wilhin the buildlng, apd it r8mains in good condition. The management team Inspect the building lermly and raise concerns and look for estimates lo complete any remedial work required. The home corner had an update with new equipment, the rooms were painted to incorporate calm play and lime. This allows timeout for children when the setting becomes overwhelming for them. The pr8school is dedicat8d to allowing children to develop fine and gross motor skills. The preschool has also introduc8d a shared library scheme where parents can borrow books lo lake home and read in the queue. Pollcles on reseThes. The pre-school holds reserves and fixed reserves which together amount to £337800.00 as of August 2024. These additional funds are held for the renewal and maintenance of the building and statutory staff redundancies. Availabillty and adequacy of assets of each of the funds The board of Iruslees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in ￿SpeCt of each fund. Roselands Pre School Highamwood Limited Company Registration Number- 06998560 Trustees. Annual Report for the year ended 31 August 2024 Princlpal fundlng sources in the year and how these support the key objectives of the charity. The charities principal source of funds Is through funded and non-funded children. As of April 2024 Funding increased to £5.16 per hour per child. Free for £7.55 per hour per child Fees for non-funded children were £8.00 per hour. The lunch club is Ghargeab18 to all children at £6.00 for the half hour. Roselands off8r an early morning drop off servic8 from 8.30am lo 9am at £6 for the half hour. The Pre-school also accepts fees for non-funded children in the form of childcare vouchers. No gift aid has been claimed. Principal risks facing the charity are Ihe increasing of minimum wage year on year compared to the minimal increase of funding for funded children. Detalls of The Independent Examlnar D J 8urns FCCA Member of Chartered Certified Accountant 2A Bank Street Tonbridge Kent TN918L Statement of the Dlrectors. and Trustees. Respon$lbllltle8 The charily's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Acl 2006, the Charit18s Act 2011 and the Charities (Accounts and Reports} Regulations 2008. Notwilhstanding the explicit requi￿rnent in the 8xlant statutory regulations,the Charities (Accounts and Reports) Regulations 2008. lo prepare Ihe financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow currenl best practice and prepare the accounts according to the FRS 102 SORP {Statemenl of Recommended Praclice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 20191, (The SORP), In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required lo Roselands Pre School Highamwood Limited Company Re9islralion Number - 06998560 Trustees. Annual Report for the year ended 31 August 2024 to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practi￿ (United Kingdom Accounting Standards and applicable law). Select suitable accounting policies and apply them consistenlly.. make judgements and eslimates that are reasonable and prudent- prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity will continue in business., stale whether applicable accounting standards and statemenls of recommended practic8 have been followed, subject to any material departures disclosed and explained in the financial stat8m8nts', The law requires that the trust88s must not approve the accounts Ljnless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for mainlaining adequate accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply wilh re9ulalions made under th8 Charities Acl. They are also responsiblè for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees ar6 also rèsponsible for the contents of the Trustees, report, and the slalulory responsibility of the Independent Examiner in relation to the Trustees. report is limited lo examining the report and ensuring that , on the facè of the r8port, there ar9 no material inconsistencies with th8 figures disclos8d in the financial statements. Method of preparatlon of accounts - Small company provislons The flnancial statemenls are set out on pages 10 to 27. The fin8n¢ial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2919, applicable to all accounting periods beginning on or after 1 st January 20191, (The SORP), and in accordance with the Financial Reoortina Standard 102. (effective 1 st Januarv 2016) These financial statemen15 have been prepared in accordanc8 Wlth the provisions in Part 15 of the Companies Act 2006. applicable lo companies subject lo the small companies r8gime. This report was approved by the board of Iruslees on 8 May 2025. 0 14V)- Olivia Rose-wilson Director and Trustee Roselands Pre School Highamwood Limited Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 August 2024 I report to the Trustees on my examination of the financial slatem&nts of th8 charitable company on pages 10 to 27 for the year ended 31 August 2024 which have been prepared in accordance with the Charities Act 2011 {Ihe Act) and with the Financial Reporting Standard 102, leffeclive 1st January 20161 as modified by FRS 102 SORP Islalement of Recommended Practice for Accounting and Reporting by Chariliesl 2019, applicable to all accounting periods beginning on or after 1 sl January 2019), (The SORPI, published by the Charity Commission in England & Wales {CCEWI , and under the historical cost convention and the accounting policies sel out on page 16. Respfrctlvo responslbllltlos of the Trustees and the Indopondont Examlner and tho ba81s of the report As described on page 6, you, the charitsble company's Trustees, who ar8 also the Directors of the Company for the purposes of Company law. are responsible for the preparation of the financial slalemenls in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial slalemenls give a true and fair viéw. The Trusl88s consider that th8 audit requirement of S8cllon 144111 of the Charities Act 2011 Ilhe Acll does not apply. and that there is no rèquirement in the memorandum and articles of the chanly for th8 conducting of an audit, and that the accounts do not require an audit in ac¢ordance with Part 16 of thè Companies Act 2006 and that no member or members have requested an audit pursu8nl to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial stslemenls be subject lo independent examination. Having s8tisfied myself that the financial ststements ar& not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, il is my responsibility to'.- al examlne the financlal statements of the charlty under Section 145 of the Act., bl follow the applicable procedures in the Directions given by the Charity Commission under $8Ction 14515}Ibl of thè Act. Bas18 of Indep8nd•nt Examlnevs 8tat•ment and •cope of work undertak•n I report in respect of my examination of the ¢h8riVs financial statements carried out under $145 of the Act. In carrying out my examinallon. I have followed all the applicable Directions given by the Charity Commisslon under section 14515llbl of the Act setting out th8 duties of an independent examiner in relation lo the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial slalemenls presènted with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you. as Trustees. coneeming such matters. The purpose of the examination is lo establish as far as possible that there have be8n no breaches of charity legislation and that, on a test basis of eviden￿ relevant to the amounts and disclosures made, the iinancial statements comply with the SORP. The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Tr(Jslees in the course of the examination is not subjected lo audit lesls or enquiries and does not cover all the mallers that an 8uditor would consider in arriving al an opinion. The planning and conduct of an 8udit goes beyond the limited assurance that an independent examination can provide Roselands Pre School Highamwood Limited Consequently. I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as lo whether the financial statements give a true and fair view ol the affairs of the charity, and my report is limited lo the matters set out in the statement below. I planned and performed my examination so as lo satisfy myself that the objectives of the independent examination are achieved and before finalising the report l obtained written assurances from the Trustees of all maler¢al matters. Independent Examlner'$ Statement. Report and Oplnlon Subject to the limitations upon the scope of my work as detsiled above, I have completed my examination.. and can confirm thal=_ The accounts of this charitabl8 company are not required lo be audited under Part 16 of the Comp8ni88 Act 2006.. This Is a report in respect of an examination carried out under 145 of the Act and in accordanc8 Wlth Directions given by the Charity Commission under section 14515llbl of the Act which may be applicable.. and that no material matters have come lo my attenlion in connection wlth the examination giving me cause lo bell8vt that In any malerfal respeGI'.- accounting records were not kept in respect of the ¢harity as required by Section 386 of th8 Companles Act 2006 and S8Ction 130 of The Charities Act 2011., the financial statements do not accord with those records., or the financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in section 396 of the Companies Act 2006 other than any requiffjmenl that th8 accounts give a 'true and fair, view. which is not a matter consld&rèd as part of an ind8P8ndAnt examination., have not been prepared in accordance wth the methods and principles $81 out in the FRS 102 SORP (Slalement of Recommended Practice for Accounting and Reporting by Charities) 2019, applieabl8 lo all accounting periods beginning on or after 1 sl January 20191, (The SQRPI. I have no ¢on¢erns and have come across no other matters in connection with the 8xaminalion to which att8nlion should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Slgned:_ D J Burns FCCA- Independent Examiner Chartered Certified Accountant 2A Bank Street Tonbridge Kent TN9 1BL This report was sigT7ed on 8 May 2025 Roselands Pre School Highamwood Llmited - Statement of Financial Activities for the year ended 31 August 2024 Statement of Flnancial Activitles (including the Income and Expenditure Account for the year ended 31 August 2024, as required by the Companies Act 2006) SORP CuN*nt y••r Unrestrlct•d Fund¥ Currant y8Ar R•strl¢t•d Funds Curr•nt swr Tot•1 Fund• P¥lor Y••r Total Fund• 2024 2024 2024 2023 Incomfr & EndowmontB from: Donation5 & Leg8ci&s Char11able aclivlts'trs Inve51m8nls A1 3,717 245,396 5,707 3.717 245.396 5.707 2,779 227,366 1,511 Total Ineom• 254,820 254,820 231,656 Exp•ndltur• on: Charitable actlvilies B2 263,556 263,556 234,776 Total •xp•ndStur• 283,556 203,551 234,TT6 N•t In¢om• for th• y•ar 18,7361 18,7361 13,120 N•t In¢om• aft•r tran4f•r• A4 18,7361 18,7361 13,120) N•t mov•m•nt In funds {8,7361 18,7361 13,120} R•c¢nclllatlon of lunds:. Total fund8 brougbl lo￿4rd 341,690 341.690 344.810 Total funds oarrl•d forward 332,954 332,954 341,690 The 'SORP R8f indicated above is the classification of income Sel out in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Tot81 Recognised Galns and Losses is not requirod as this statement include8 811 recognlsèd gain5 and losses. All the prior year transactions were unreslrfclod items, and no further analysis 1$ roqulrgd All activities derive from continuing operations Th8 notes attached on pagos 16 to 27 form an Integral part of th898 accounls. All acti￿tleS derlve from contlnulng oporatlons The notes attached on page8 16 to 27 torm an Integral part of these accounts. Roselands Pre School Highamwood Limlted - Statement of Financial Activities for the year ended 31 August 2024 Roselands Pre School Hlghamwood Limited - Resources applled In the year ended 31 August 2024 towards fixed assets for Charity use:. 2024 2023 Funds g8naraied in the year as dglail•d in thg SOFA Resources appli•d on functional fixed assets Other applications of funds 11651 11,0271 Net resourc0$ avallable to fund charltable actlvltlos 165 1,027 The resources applied on fixed assets for charity use represents the cost of addilions less proceeds of any dispos81s. The notes attached on pag•8 16 to 27 form an Intogral part of those account•. Movements In revenu• and capltal fund8 for the year ended 31 August 2024 Revenue accurnulatod fund• Unr•8trlct•d Funds R•8trlct•d Fund¥ Tot•1 L4•t yoar Tot•1 Fund• 2023 Funds 2024 2024 2024 Accumulated funds brought forward 97,958 97,958 101,078 Recognised gains and losses before Iranslers 18,7361 18,7361 13,1201 89,222 89,222 97.958 CIoBlng rnv•nu• fund* 89,222 89,222 97,958 Flxod a8801 funds D••lgnat•d Funds 2024 Totsi Funds 2024 LaBt y•ar Totsl Fund• 2023 Fund• 2024 Al 1 September 243,732 243.732 243,732 At 31 August 243,732 243,732 243,732 The purpDses of the Irafisfers lo fixed a88el funds ar8 described in Note 17 to the accounts and undèr the accounting policy'Accounting lor capiial grants and fixed ass8t funds,. Summary of funds Unr•8lrfet•d •nd D••lgn•t•d fvnd• 2024 Retytdctsd Fund• Tot•1 Fund• Lnt Yg•r Total Fund• 2024 2024 2023 Revenue accumulated funds Fixed asset funds 89,222 243,732 89,222 243,732 97,958 243,732 Total funds 332,954 332,954 341,690 The notes attached on pages 16 to 27 forni an integral part of these accounts. Roselands Pre School Highamwood Limited - Statement of Flnanclal Activitiès for the year ended 31 August 2024 Roselands Pre School Highamwood Limited Income and Expenditure Account for the year ended 31 August 2024 as requlrèd by the Companies Act 2006 2024 2023 Income Income from operations 249,113 230,145 Investment income Interesl r&c¢ivable 5,707 1,511 Gro￿ Incom• In th• y•ar b•for• •xc•ptlon•l It•m8 254.820 231,856 Gross In¢om• In th• y•4r In¢ludlng èxc•ptlonal It•m• 254,820 231,6S6 EX￿ndItUrn Charllable expendllure. excluding depreclation and amorti$ation Oeprecialion and amort15alion Governance costs R83lisod losses on dlspo8als ol social Invèslmen15 which are prograrnme r81018d 255,993 4,923 2,640 224,494 7,642 2,640 Total expondlture In the y••r 163,556 234,776 N•t In¢om• b•forn tax In th• flnanclal y•ar 13,1201 Tax on surplus on ordinary aclivili85 Noi Incom• 4ftor tax In th• finan¢l•l y•*r 18,7361 13.1201 Retalnad surplu$ for tho flnanclal yaar 8,736 3,120 All activities derive from continuing operations In accordance wtth the provlsions ol the Compgnias Act 2006. th• hoading8 and 8ubhèadings used in the Incoffle and Expendlture account have been 8dapled lo refle¢t the $poci81 naturg of the charftys acllvili8s. Tho notos attachgd on pagos 16 to 27 forni an Int•gro1 part of th￿0 account•. Roselands Pre School Highamwood Limited - Balance Sheet as at 31 August SORP Nole Ref 2024 2023 Fixed assets Tangible assets 10 A2 2.258 7,016 Currènt assets Debtors Cash at bank and in hand 11 B2 1,737 337,910 2,528 338.349 84 Tolal current assets 339,647 340,877 CredStors: amounts falllng duo wlthln one year 12 C1 {8,951) 16,2031 Net currgnt as8ets 330,696 334,674 The total not a8SOts of the charlty 332,954 341,690 The total net assots of the charlty are fundod by the funds of tho charlty, as follows:. Unr88trlcted Funds Unrestricted Rev&nue Funds 15 D3 89,222 97,958 89,222 97,958 D881gnated Funds Designated Fixèd Asset Funds 15 D3 243,732 243,732 243,732 332,954 243,732 341,690 Totsl charltyfunds The 'SORP Ref indicated above is the classification of Balance Sheet items as sel out in the formal SORP docurnents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward funds above have been agreed to the SOFA.. The directors are satisfied Ihal the company is 8nlitl8d to exemption from thè requirement lo obtain an audlt under section 477 of the Companies Act 2006. Th8 memb8rs have not r8quired the company to obtain an audit in accordance with section 476 of the AGt. Th8 directors acknowl8dg8 thèir responsibilitiès for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prepgralion of accounts. The charity is subject lo Independent Examinatlon under charity legislation, and the r6POrt of the Independent Examiner is on page 9. The financial statements have been prepared Sn accordance wilh the provisions in Part 15 of the Companies Act 2006. applicable lo companies subject to the small companies regime. Ollvla Rose-wllson Trustee Approved by the board of trustees on 8 May 2025 The noles attached on pages 16 to 27 forni an Inlegral part of these acc041nts. 13 Roselands Pre School Highamwood Limited Cash Flow Statement for the year ended 31 August 2024 2024 2023 Cash flows from op•ratlng actlvltles Net cash provided by operating activities as shown below 5,981 3,011 Cash flows fmm Investing activities Inter8sI received 5,707 1,511 Purchase of property, plant and èquipment {165} 11.0271 Net cash provld•d by Inve8tlng activltle8 5,S42 484 Cash flows from financlng actlvltles Net cash provlded by flnanclng actlvltles Overall cash provlded by all actlvlt1•8 A+B+C 439 3,495 Cash movements Change in cash and cash equivalents from activities in the year end8d 31 August 2024 14391 3,495 Cash and cash equiv81enls at 1 September 2023 338,349 Change in cash and cash equivalanls due to exchange rate movements Cash at bank and in hand less overdrafts at 31 August 337,910 3,495 14 Roselands Pre School Highamwood Limited Cash Flow Statement for the year ended 31 August 2024 Roselands Pre School Highamwood Limited Cash Flow Statement for the year ended 31 August 2024 - Continued Reconclliation of net Income to nèt cash flow from operating activities Net income as shown in the Statèment of Financial Activitl8S {8,7361 {3,120} Adjustments for :. Depreciation charges Write downs Df investments Nel unrealised lossès on investment assets Dividènds, interest and rents from investments D8crease in debtors Incr8ase In creditors, excluding loans 4,923 7,642 15.707) 791 2,748 11,5111 Net cash provlded by operatlng actlvltles 5,981 3,011 Analysls of cash and cash equlvalents 2024 2023 Cash in hand at for th8 y8ar 8nded 31 August 2024 Notice deposits - Iless than 3 months) 2,160 335,750 1,600 336,749 Total cash and cash equlvalents 337,910 338.349 Roselands Pre School Hlghamwood Llmlted Cash Flow Statement for the year ended 31 August 2024 - Continued Analysls of change In net debt At start Cash At end of year 337,910 335,750 11,438) of year 338,349 336,749 Flows and Cash Cash Equivalents 14391 19991 (1,4381 Total 675,098 1,438 1,438 15 Roselands Pre School Highamwood Limited Notes to the Accounts for the year ended 31 August 2024 1 Accountlng pollcles Policies relating to the pmduction of the accounts. Basls of proparatlon and a¢¢ountlng conventlon The accounts have been prepared on the accruals basis, undor the historical cost convention, and in accordanc8 ￿th the Financial Reporting Standard 102,18ffeclive 1st January 201618nd 'FRS 102 SORP Islalernenl of Recommended Practice for Accounting and Reporting by Chariliesl 2019, applicable lo all accountin9 periods beginning on or after 1 sl January 20191. (The SORPI, published by the Charity Commission in England & Wa￿S ICCEWI , and in accordance with all applicable law in the charity's jurisdiction of regislralion, except that the charity has prepared the financial slalemenls in accordance with the FRS 102 SORP Islalemenl of Recommended Practice for Accounting and Reporting by Chariliesl 2019, applicable lo all accounting periods beginning on or after 1st January 20191, (The SORPI. in preference lo the previous SORP, the SORP 2005, which has been withdrawn. notwilhslanding the fact that th8 extsnl slalulory regulations. the Charities (Accounts and Reports) Regulations 2008 refer oxplicitly lo the SORP 2005. This h8s been done lo accord th Gurrenl best pracliGe. Rllks and futur• a•sumpllon• The charity is a public benefit entsly. Policles relatlng to cat•gorles of Income and incomé rncognltlon. embgrshlp sub¥crlptlon• The income and any assoGialed Gift Aid or other tax refund from o rnemborship subscription received by the Gharity in the nature of a gift, is accounted for on the same basis as 8 donation. The income from a membership subscription received by the charity where the subscnplion purchases the right lo services or benefits is recognisod as income from Charitsble aclivi118S. Pollcles relatlng to expendlture on goods and service$ pmvided to the charlty. Recogn5tlon of Ilabilltle• and exp•ndlture A liabllily, and the related expenditur8. is recognlsed when a legal or con81rucllve obligallon exists 88 a result of a past evgnl. and whgn il is more likely than not that a transfer of oconomic benefits will be required in 58tdem8nt, and when the amount of the obligatlon can be measured or rellably esttmated.. Liabilit￿eS arising from fulure funding commilmenls and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required lo settle the Obligat￿ are uncertain. give rise to 8 provision in the accounts, which is reviewed al the accounting year end. The provision is increased lo reflect any increases in liabili11gs, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. Th8se movements are charged or credited lo the respective funds and activities to which the provision relates. Allocatlng costs to actlvltl•s Direct costs th31 are specifically related lo an activity ar8 allocated lo that activity. Shared direct costs and support costs ar8 apportion6d betwe8n aclivilies. The basis for apportionment, which is consistently applied, and proportionate lo the circumstances, is :_ Staffing- on the basis ol timè spent in connection with any particular activity. Staffing - on a per capita basis, based on the numbèr of of people employed within any partiular activity. Prerni5es related costs - on the proportion of floor area occupied by a particular activity. Non speclllc support cost8 - on the basis of the usage of resources. in terms of lime taken, capacity used. request made or other measures Estimatlon technlquos used in apportioning costs- give details 16 Roselands Pre School Highamwood Limited Notes to the Accounts for the year ended 31 August 2024 Volunteers In accordance wth the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers. the contribution of volunteers is not included within the income of the eharity. However, the trustees value the significant contribution made to the aclivitses of the charity by unpaid volunteers and this is described more fully in Note6. Pollcles relating to assets, Ilabilltles and provlslons and other matters. Tanglble flxod assets Tangible fix8d assets are MeaSu￿d at their original cost value, or subsequent revaluation, or if donat8d, as described above, Cost value includes all costs expended in bringing the asset into its intended working condition, Depreciation has been provided at the following rates In order lo write off the assets lo their anlicipaled residual valuo over their oslimated usèful lives. Nursery Bullding Plant and ma¢hinery Over the term of the leasg 20 '/0 $lraighl line A wular annual review of the lik81ihood of asset impaiment Is undertaken. Pènslons - deflned contrlbutlon •chorn•s The ch8rily operates a defined conlribulion pension schome. Contributions are Charged lo the profil and loss account as they become payable in accordance with Ihg rul9$ of the scheme. Fund Accountlng Unr•slri¢led funds are available for use al the discretion of th• Irus18es in fvrth8rance of the ganeral objectives of the charity. Designated funds are unreslricled funds earmarked by the Trustees for particular purposes. There are no r951ricled funds. Th8Te are no endowment funds. 2 Llablllty to taxatlon The Trustees consider that the charity Satisfies the lesls sel oul in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tsx purposes. Accordingly, the Charity is potentially exempt from laxalion in respect of income or capital gains receiveis within calegori8s covered by chapter 3 part 11 of the Corporation fax Act 2010 or Section 256 of the Taxation of Ch8r9e8ble Gains Act 1992, to the exlenl that such income or gains 8re applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the Gharity. and is therefore in¢luded in the relevant costs in the Statement of Financial Activities. 3 Wlndlng up or dlssolutlon of Ihe Charlty If upon winding up or dissolution of the charity there remain any assets. after the satisfaction of all debts and liabilities, th& assets represented by the accumulated fund shall be transferred lo some other charitsble t)ody or bodies having similar objects lo the charity. 4 Significance of financlal Instruments to the charity's position There are no financial instruments relevenl lo th8 chariws position. 17 Roselands Pre School Highamwood Limited Notes to the Accounts for the year ended 31 August 2024 5 Net surplus before tax In the flnancial year 2024 2023 The net surplus before lax In the financial year is ststed after charging'.- Depreciation of owned fixed assets Pension costs 4,923 7,537 7,642 6.546 6 The contrlbutlon of volunteors In accordance with the SORP, and in r8cognilion of the difficulties in placing 8 monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. 7 Staff costs and 8molum•nts Salary costs 2024 2023 Gross S8larles excludlng Iruslées and key management personn81 Employer's operating c051s of defined conlribullon pension scheme$ 217,358 185,418 7.537 6.546 Total sjlarles, wages and r•lat•d colts 224,895 191,964 The average number of part tlme staff employod in the year was The average number of full lime staff employed in the year was The eslimaled full lime equivalent numb6r of all stsff employed in the year was 13 13 The estlmated equlvalent numbor of full tlm• st•M deployed In dlfferent actlvltl•s In th• yo8r was... Engagod on eharilable acllvitses The estlm•t•d full tlmo oqulv•lent number of all staff employed •8 above Neither the Iruslees nor any porsons connected with them have received any rgmuneralion from the charity or any relal8d entity, either in the current or prior year. No employees received emdumenls lexcludlng pension co$l$l in excess of £60,000 per annum. The penslon dgtalls of such hlgher p•ld st•ff w•r• :. No No Numbers of such staff to w1￿M ￿nefItS ar• accrulng '. Under money purchase pension schème$ 8 Deflned conlrlbutlon penslon schemes The charity operates a defined contribution pension scheme, the costs of which are shown above. The full cost of those pension conlribullons have been allocated lo unreslricled funds on the basls that all gmployess are engaged in activities related lo unreslricled funds. Any liabililes and assets associated with the scheme are shown under debtors and creditors. 9 Remuneration and paym•nts to Trustee8 and por8on8 connected with th•m No Iruslaes or pgrsons connected wlth them received any Trmuneralion from the charity. oi any related entity. 18 Roselands Pre School Highamwood Limited Noles to the Accounts for the year ended 31 August 2024 10 Tangible fixed assets Currant Y•ar Land and Buildlngs Plant & Machln•ry Motor Vehicle# Total Cost Al 1 September 2023 Addltions 250.968 276.756 16S 165 At 31 August 2024 250.968 25.953 276,921 Dgpreciatlon Al 1 Seplernber 2023 Charge lor the year 247.185 3,783 22,555 1,140 269,740 4.923 At 31 August 2024 250,968 23,695 274,663 Not book valuo At 31 August 2024 2,258 2,258 At 31 August 2023 3.783 3.233 7,016 Prlor Year Land and Bulldlng8 Plant & Machln•ry Motor Vfrhlcl Total Cost 01 September 2022 Additions 250,968 24.761 1.027 275,729 1,027 01 S•pt•mbèr 2023 250,968 25,788 276,756 Dgpreclatlon 01 Seplomber 2022 Charge for the year 01 Sgpt•mbor 2023 240,663 6,522 21,435 1,120 262,098 7,642 247,185 22.555 269,740 Net book value 01 September 2023 3,783 3,233 7.016 01 S•ptombor 2022 10.305 3.326 13,631 19 Roselands Pre School Highamwood Limited Notes to the Accounts for the year endad 31 August 2024 11 Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 822 1,673 1,545 161 1.737 2,528 12 Credltors: amounts falllng due wlthln one yèar 2024 2023 Trade creditors Ac¢ruBIs PAYE, NIC VAT and other taxes 385 2,640 3,178 2.640 6.311 8,951 6,203 13 Income and Expendlture account summary 2024 2023 At 1 September 2023 Surplus after tax for the year 341,690 18,7361 344,810 13.1201 At 31 Augu8t 2024 332,954 341,690 14 Partlculars of how partlcular funds are represented by assets and Ilablllths At 31 August 2024 Unr••trlct•d D••lgn•t•d R••trl¢i¢