Report of the Trustees and Unaudited Financial Statem•nts for the Year Endod 31 March 2024 for Bright Beginnings Pre4chool Limited Bright Beginnings Pre-S¢hool Llmlted Contents of the Flnancial Statements for the Year Ended 31 March 2024 Page Company Information Trustee's Annual Report statement of FinancSal Acllvltleg Balance Sheet Notes to the Financial Ststements Independenl Examiners Report Detalled Statement of Flnanclal Activities Bright Beginnings Pre￿ChoOl Limited Company Infomiation for the Year Ended 31 March 2024 TRUSTEES: Ms D Greenland Ms S Hunter Ms D Shaw REGISTERED OFFICE: Briscoe Centre Felmores End Pitsea Basildon Essex SS13 1PN REGISTERED NUMBER: 07398487 {England and Wales) CHARITY NUMBER: 1139075 ACCOUNTANTS: Sygma Chartered Accountants 1 Sopwith Crescent Wi¢kford Essex SS11 8YU Page 1 Bright Beginnings Pre4chool Limited Trustees, Annual Report for the Year Ended 31 March 2024 Bright Beginnings Pre-school Ltd {the Pre-school) is a Private company limited by guarantee 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 to children between the ages 2yrs to under 5yrs and this provision is supported by numerous policies and procedures. We also support students on work experience and higher education placements. The Pre-school employs 17 members of staff, 3 of which ale Managers and Trustees whose role is to ensure the good management and allo¢ation of all resources, the safety and wellbeing neefjs of the childrer¢ and adults are met and all families accessing the services of the Pre-school are treated equally, professionally and with respect. We aim to provide affordable early years educalion and childcare for children within the immediate locality and beyond. Our activities, learning experiences and resources aim lo support the advancement of education for the public benefit. The Prethschool has capacrty for $2 children to attend each moming and afternoon session. On role this year there was an average of 68 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 benefrt of all. The Trustees continued wrth discussions around sustainability, including a 'trim down, of as much spending as possible and cancelled the contract for the supply of water coolers. Instead a 'water station, was created where childr8n learned to Servé themselv8S. Members of staff continued to work at reduced hours of work but with opportunities to work overtime hours where possible throughout the year. The Trustees decided to continue to hold their hvo regular Open Days this year as building good relationships with our families remains fundamental lo our sustsinability. One celebrated the Coronalion of King Charles 111 and the other was around pantomimes. Feedback from families was again extremely positive for both days. Op8n Days generale a fundraising opportunity albeit minor, alongside a photographic company who visits ￿lce per year to lake photographs of children at Pre-school,. this also generates some fundraising. The Pre-school will continue to acknowledge rts workforce to be its most valuable asset with staff salaries reviewed each year in line with the Government's nolice of changes lo National Living Wage. The unexpected closure of some local early years providers had a positive impact on the Pre-school's number of children on role towards the end of the year and the Trustees increased Ihe workforce by 3. Our vision for the future is to continue to provide the best service we can to our families. ON BEHALF OF THE TRUSTEES: Ms D Greenland - Trustee 5 March 2026 Page 2 Bright B•ginnlngs Pre-school LSmited Income Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Unrestrlcted funds Total funds Prior year Income from: Charitable activities Total income 251,166 251,166 251,166 251,166 211.346 211,346 Expenditure on: Charitable activities 204,764 204,764 176.967 Net Income 44,802 44,802 34,379 The notes form part of these financial ststements Page 3 Bright Beginnings Pre4chool Lirnited (Registered number.. 07398487 Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes CURRENT ASSETS Cash al bank and in hand 92,708 43,249 CREDITORS Amounts falling due within one year 4 27.571 27.571 NET CURRENT ASs￿s 15.678 TOTAL ASSETS LESS CURRENT LIABILITIES 65,137 15,678 FUNDS Prior year adjustments Capital redemption reseNe Net movement in funds 4,657 128,430) (28,430) 44,108 CHARITYS. FUNDS Unrestricted fvnds 65,137 15,678 The company is entitled to exernption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for.. (a) ensuring that the company keep5 accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fail view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 2 December 2025 and were signed on its behalf by.. Ms D Greenland The notes form part of these financial statements Page 4 Brigm Beglnnlngs Pre-school Limited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 STATUTORY INFORMATION Bright Beginnings Pre-school Limiled is a privale company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ACCOUNTING POUCIES Basls of preparlng the financial 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 Entities. and the Companies Act 2006. The fi'nancial statements have been prepared under the historical Cost convention. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. excepl to the extent that it relates to items recognised in other comprehensive income or direclly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax 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 originated but not reversed at the balance sheet date. Timing differences arise from the in¢lusion of income and expenses in tsx assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using lax rates and laws that have been enacled or substanlively enacted by the year end and that are expected to apply to the reversal of the timing drflerence. Unrelieved tax losses and other deferred tax assets are recognised only to Ihe extent Ihat it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profrts. Hire purchase and leasing commltments Rentals paid under operating leases are charged to profft or loss on a straight line basis over the period of the lease. Pension costs and other post-retiremenl 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 17 (2023- 161. Page 5 continued... Bright Beginnings Prtrschool Llmlted Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors 27,571 27,571 RESERVES Prior year adjustments At 1 April 2023 and 31 March 2024 4,657 TRUSTEE REMUNERAnoN AND TRANSACTIONS During the year, three truslees were employed by the charity and received remuneration totalling £45,285 {2023: £44,966} for their roles as employees of the pre-school. In addition, a trustee received £10,000 {2023'. £1,500) in relation to Ihe administralion of a Department for Education grant programme. All such payments were aulhorised by the trustees in accordance with the charity's governing document. Page 6 Independent Examlners Report to Ihe Tru$lees of Bright Beginnings Pre-school Llmlted I report on the accounts of Bright Beginnings Pr&School Limited for the year ended 31 March 2024, which are set out on pages 1 to 6. Respective responsibilities of trustees and examiner The Charity's trustees (who are also the trustees of the company for the purposes of company lawl are responsible for the preparation of Ihe accounts. The charity's trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the Act) and that an indewndent examination is required. It is my responsibility to.. examine the accounts under seclion 145 of the Act. follow the procedures laid down in the general Directions given by the Charty Commission under section 145{51(b) of the Act,. and state whether particular matters have come to my attention. Basis of Independent examinef s report My examination was carried out in a￿Ordance 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 considerakn'on of any unusual ilems or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be required in an audrt, and consequently no opinion is grven as to whether the accounts presenl a 'true and fair view,. Independent examiner's statement In the course of my examination. no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect. the requirements.. to keep accounting records in accordance with section 130 of the Act., and to prepare accounts which accord with the accountirbg records and comply wth 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 understanding of the accounts to be reached. Alex Chandler FCA On behalf of Sygma Chartered AcGountants 1 Sopwith Crescent Wickford Essex SS118YU Date.. S March 2026 This pag8 does not form part of the slatutory financial statements Page 7 Bright Beginnings Prfvschool Llmlled Detalled Statemenl of Financial Activities fortho Year Ended 31 March 2024 All income and expendrture relate to unrestricted funds 31.3.24 31.3.23 Turnover Fees and fundin9 Fundraising and other Government grants 240,255 911 10,000 207,408 2,438 1,500 251,166 211,346 Cost of sales Educational fees Educational resources Food and drink 609 2,741 2.398 1,508 2,216 1.296 5,748 5,020 GROSS SURPLUS 245.418 206,326 Expendlture 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 sofiware costs Sundry expenses Accountancy Consuttancy fees Subscriptions 9,545 1,696 166,274 6,353 5,166 3,205 851 473 225 1,061 296 332 378 733 763 1,080 1,392 558 8,811 1,621 135,220 4,g10 7,246 3,227 653 910 1,074 464 2,324 370 525 356 1,080 1,392 480 171603 45.037 34,723 Flnance costs Bank charges 235 NET SURPLUS 44,802 34,379 This page does not form part of the statutory financial statements Page 8