Report of the Trustees and Unaudlted Flnancial Statements for the Year Ended 31 March 2023 for Bright Beginnings Pre-school Limited
Bright Beginnings Pre-school Limited Contents of the Financial Statements forthe Year Ended 31 March 2023 Page Company Information Trustee's Annual Report ststement of Finan¢lal Actlvltles Balance Sheet Notes to the Financial Statements Independent Examlners Report Detailed Statement of Financial Actlvltles
Brlght Beglnnlngs Pre-school Limited Company Infomiation for the Year Ended 31 March 2023 TRUSTEES: Ms D Greenland Ms S Hunter Ms D Shaw REGISTERED OFFICE: Briscoe Centre Felmores End Pilsea Basildon Essex SS13 1PN REGISTERED NUMBER.. 07398487 (England and Wales) CHARiff NUMBER: 1139075 ACCOUNTANTS: Sygma Chartered Accountants 1 Sopwiih Crescent Wickford Essex SS118YU Page 1
Bright Beginning5 Pre4chool Limited Trustees, Annual Report for the Year Ended 31 March 2023 Bright Beginnings Pr&school Ltd (the Pre-school) is a Private company limited by guaranlee without share capital registered with Companies House and a charty registered with the Charity Commission for England and Wales. The Pre-school provides early years education lo children beeen the ages 2yrs to under 5yrs and this provision 1$ supported by numerous policies and procedures. We also support students on worf( experience and higher education placements. The Pr&school employs 17 members of staff, 3 ofwhich are Managers and Trustees whose role is to ensure the good management and allocation of all resources, the safety and wellbeing needs of Ihe children and adults are met and all families accessing the services of the Pre-school are treated equally, professionally and wilh respecl. We aim to provide affordable early yéars education and childcare for children within the immediate localty and beyond. Our activities. learning experiences and resources aim to support the advancemenl of education for the public benefrt. The Pre-school has capacity for 52 children to attend each morning and afternoon session. On role this year there was an average of 72 families registered which is lower than previous years. The range of families remains diverse and the Pre-school welcomes the enriched cultural capital children bring for the benefit of all. The Trustees continued with dis¢ussion$ around suslainability, including a 'trim down, of as much spending as possibie and cancelled the contract for the supply of waler coolers. Instead a 'water station, was created where children learned to serve themselves. Members of staff continued to work at reduced hours of work bul with opportunrties to work overtime hours where possible throughout the year. The Trustees decided to continue to hold their two regular Open Days this year as building good relationships wilh our families remains fundamental to our sustainability. One celebrated the Coronation of King Charles111 and the other was around pantomimes. Feedback from families was again extremety positive for both days. Open Days generate a fundraising opportunity albeit minor, alongside a photographic company who visits twice per year to take photographs of children 8t Pre-school,. this also generates some fundraising. The Prtrs¢hool will Continue to a¢knowledge its workforce to be ils most valuable asset and Wellbeing Supervision meetings were held to ensure all members ot slaff feel supported while Ihe Pre-school goes through this difficutt and challenging period. Our vision for the future is to continue to provide the best Servi we can to our familiès. ON BEHALF OF THE TRUSTEES: Ms D Greenland - Trustee 5 March 2026 Page 2
Bright Beglnnlngs Pre4chool Limited Income Ststement for the Year Ended 31 March 2023 31.3.23 Unrestricted funds Total funds Income from: Charitable activrtles Total inGome 211,346 211,346 211,346 211,346 Expenditure on: Charitable activities 176,967 176.967 Net income 34,379 34,379 The notes form part of these financial statemenls Page 3
Brlght Beginnlngs Pre-school Limited {Registered number: 07398487) Balance Sheet 31 March 2023 31.3.23 Notes CURRENT ASSETS Cash at bank and in hand 43,249 CREDITORS Amounts falling due within one year 4 27.571 NET CURRENT ASSETS 15,678 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Prior year adjustments Capital redemption reseNe Net movement in funds (28,430) 44,108 CHARITYS. FUNDS Unrestricted funds 15,678 The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial stalements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profil or loss for each fi'nancial year in accordance with the requirements of Sections 394 and 395 and which othetwise Comply with the requirements of the Companies Act 2006 relating to financial ststements, so far as appIlble to the oompany. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial stalements were approved by the Board of Trustees and authorised for issue on 5 March 2026 and were signed on ils behalf by.. Ms D Greenland- Trustee The notes form part of these financial statemenls Page 4
Bright Beginnings Pr&S¢hool Limited Notes to the Flnanclal Statements for the Year Ended 31 March 2023 STATUTORY INFORMATION Bright Beginnings Pre-school Lirniled is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered offioe address can be found on the Company Infomiation page. ACCOUNTING POLICIES Basis of preparing the financlal statements These financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entilies" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Turnover Tumover is me8sured al the fair value of the consideration received or Teceivable. excluding discounts, rebates, value added lax and other sales taxes. Taxation Taxation for th8 year comprises current and deferred tax. Tax is recognised in the Income Statement. expt to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tsx is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originaled but not reversed at the balance sheet dale. Timing differences arise from the inclusion of income and expenses in lax assessments in periods different from those in which they are recognised in financial statements. Deferred lax is measured using tax rates and laws Ihal have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered againsl the reversal of deferred tsx liabilities or other future taxable profits. Hire purchase and leasing commitments Rentals paid under operating leases are charged lo profit or loss on a straight line basis over the period of the lease. Penslon costs and other post-retiremènt benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Profit or loss in the period to which they relate. EMPLOYEES AND TRUSTEES The average number of employees during the year was 16. Page 5 continued...
Bright Beginnings Pre4chool Lirnited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade credrtors TRUSTEE REMUNERATION AND TRANSACTIONS During the year, Ihree trustees were employed by the charity and received remuneration totalling £44,966 for theiT roles as employees of the pr&school. In addition, a trustee received £1,500 in relation to the administration of a Department for Education grant programme. All such payments were authorised by the trustees in accordance with the charity's governing document. COMPARATIVE FIGURES Comparative figures for the year ended 31 March 2022 are not available and therefore have not been presenled in these financial statements. Page 6
Independent Examiners Report to the Trustees of Brlght Beglnnlngs Pre4chool Limited I report on the accounts of Brighl Beginnings Pre-school Limrted for the year ended 31 March 2023. which are set out on pages 1 to 6. Respective responsibilities of trustees and examlner The charity's trustees (who are also the trustees of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 {the Act) and that an independent examination is required. It is my responsibility to.. examine the accounts under section 145 of the Act., follow the procedures laid down in the general Directions given by the Charity Commission under section 145151{b) of the Act.. and state whether particular matters have come to my attention. Basis of Independent examin8rf5 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair vievl. Independent examinerfs ststement In the course of my examination, no matter has com8 to my attention.. which gives me reasonable cause to believe that. in any material respect, Ihe requiremenls.. to keep accounting records in accordance witti section 130 of the Act., and to prepare accounts vthich accord with the accounting records and comply with the accounting requirements of the Act., have not been met; or 2. to which, in my opinion. attention should be drawn in order to enable a proper underslanding of the accounts to be reached. Alex Chandler FCA On behalfof Sygma Chartere(l Accountsnls 1 Sopwith Crescent Wickford Essex SS118YU Date: 5 March 2026 This page does nol form part of the statutory financial statements Page 7
Brlght Beglnnings Pre-school Limited Dotalled Statement of Financial Actfvltles for the Year Ended 31 March 2023 All income and expenditure relate to unrestricted funds Turnover Fees and funding Fundraising and other Government grants 207,408 2,438 1,500 211,346 Cost of sales Educational fees Educational resour$ Food and drink 1,508 2,216 1,296 5,020 GROSS SURPLUS 206,326 Expenditure Rent Insurance Wages Social security Pensions Hire of equipment Telephone and internet Post and stationery Advertising and website Staff training and welfare Repairs and renewals Cleaning costs Waste disposal Computer and software costs Sundry expenses Accounlancy Consultancy fees Subscriplions 8,811 1,621 135,220 4,910 7.246 3,227 940 653 910 1,074 464 2,324 370 525 356 1,080 1,392 480 171,603 34.723 Flnance Costs Bank Charges NET SURPLUS This page does not form part of the statutory financial statements Page 8