Report of the Trustees and Unaudited Flnan¢lal Statements for the Year Ended 31 March 2025 for Brlght Beglnnlngs Pre4chool Llmlted
Brlght Beginnings Pr&4chool Limited Contents of the Financial Statements for the Year Ended 31 March 2026 Page Company Infomiation Trustee's Annual Report Ststement of Flnanclal A¢tlvltles Balance Sheot Notes to the Financial Statements Independent Examiners Report Detalled Ststement of Flnanclal Activities
Bright Beginnings Prechool Limited Company Infonnation for the Year Ended 31 Marth 2026 TRUSTEES: Ms D Greenland Ms S Hunter Ms D Shaw REGISTERED OFFICE: B rise Centre Felmores End Pitsea Basildon Essex SS13 1PN REGISTERED NUMBER.. 07398487 (England and Wales> CHARITY NUMBER: 1139075 ACCOUNTANTS: Sygma Chartered Accountants 1 Sopwrth Crescenl Wickford Essex SS118YU Page 1
Bright Beglnnlngs Pre-school Limited Trustees. Annual Report forthe Year Ended 31 March 2025 Bright Beginning5 Pre-school Lld {the Pre-school) is a Private company limited by guarantee without share capital regislered with Companies House and a charity registered with the Charity Commission for England and Wales. The Pre-school provides early years educalion lo children between the ages 2yrs to under 5yrs and this provision is supported by the numerous policies and procedures. The Pre-school employs 17 members of staff, 3 of which are Managers and Truslees. Their role is to ensure the good management and allocation of all resources, the safety and wellbeing needs of the children and adutts are met and that all families a¢ssing the services of the Pre-school are treated equally, professionally and with respect. The Pre-school has a diverse Tange of farnilies registered this year and uptake of places has been increasing. This has provided additional income and with this comes the need to seek to employ additional practitioners. However. there is a national shortage of qualified early years practitioners and the Pre-school's increased income is not sufficient to pay salaries above the national average to attract new people to our workforce. The Pre-school also held hvo Open Days to ensure our families were able to continue to build good relationships with our practitioners. The Pre-school opted to pay for the practical resources needed for these days and some of Ihis spending was offsel by fundraising events on the days. Families report the Open Days are a valued and shared enjoyable experience so there are no plans to cease this spending in fuiure. The Pre-school also opted to spend some funds in preparalion for the forthcoming Otsted inspection which is due some time during the remainder of 2025. Some of the resources for the children were replaced with new ones. This year there has been a higher intake level of children witfv SEND and this means there is an expectation the Pre-school will spend some funds to accommodate their needs. An example is specifi¢ SEN resour$ for children wrf(h sensory processing needs. 1..1 support teams (from our permanent and bank team workfor> for children who need full time support to engage in Pre-school routines and acts'vities,. specialised training for individual's needs. Although some children requiring additional support can access funding to ensure their needs are being met at Pre-school, this level of ftjnding does not cover the full hours of attendance and the Pre-school uses central funds to continue the child's support. The Pre-school acknowledges its workforce to be its most valuable asset and invested in staff training this year. In particular one day was set aside as a training day so all members of staff could be refreshed in Children's Safeguarding al Level 2. This was presented by the Mangers & Trustees who are also Desrgnated Safeguarding Leads (DSLS), attend Level 3 training and are now qualified to present Level 2 training in Safeguarding. Two of the Pre-school's DSLS also attended lermly Safeguarding Briefings offsite, presented by the Head of Children's Safeguarding for Essex County Council to keep their knowledge updated. The Pre-school opted not to make a charge to its families for general resources such as snack food rtems due lo the level of depravity in the local area. The Pre-school opted instead to make the investment from its central funds lo support the families who ale not able to contribute financially. Therefore. within the ethos of equality, registered children at the Pre-school from all families are provided with free snack and drinks. Our vision for the future is to ¢ontinue to provide the best service we can to our families. also intend to continue to make good preparations for our forthcoming Ofsled inspection. Our future includes preparation for staff training, recruitment, purchase of addition81 resources, Page 2
purchase of specific resOUe5, purchase of new equipment, a review of leased equipment. Our vision to irnprove the business for the next year and following years is to engage the services of a new accountancy firm, along with a new payroll service provider. This year we are preparing estimates of the cost of changing to new providers with a view to making the change at the start of the next academic year in September 2025. ON BEHALF OF THE TRUSTEES: Ms D Greenland- Trust 2 December 2025 Page 2
Bright Beglnnlngs Pre-school Limited Income Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Unrestricted funds Total funds Prior year Income from: Charitable aclivities Total income 335,367 335,367 335,367 335,367 249,567 249,567 Expendlture on: Charitable activities 253,919 253.919 204.764 Net income 81,448 81,448 44,803 The notes form part of these financial statements Page 3
Brlght Beglnnlngs Pre-school Llmltod (Reglsterod number: 07398487} Balance Sheet 31 March 2025 31.3.25 31.3.24 Notes CURRENT ASSETS Cash at bank and in hand 174,156 92,708 CREDITORS Amounts falling due wilhin one year 4 27,571 27,571 NET CURRENT ASSETS 146,585 65,137 TOTAL ASSETS LESS CURRENT LIABILITIES 146,585 65,137 FUNDS Prior year adjustments Capital redemption reseNe Net movement in fvnds 4.657 (28,4301 170,358 4,657 {28,430) 88,910 CHARITYS, FUNDS Unrestricted fvnds 146.585 65,137 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its fir¢ancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies A¢t 2006. The Truslees acknowledge their responsibilities for: la} ensuring that the company keeps accounting records 1¢h comply with Sections 386 and 387 oflhe Companies Acl 2006 and {b} preparing financial statements which give a true and fair view of the stste of affairs of thé company as at the end of each financial year and of its profit or Ios5 for each financial 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 statements, so far as applicable to the company. The financial stalements have been prepared in accordance with the provisions applirAble to companies subject to the small companies regime. The financial slatements were approved by the Board of Trustees and authorised for issue on 2 December 2025 and were signed on its beha by: Ms D Greenland - Trustee The notes form part of these financial ststements Page 4
Brlgm Beglnnlngs Pre-school Limlted Notes to the Flnanclal Statements forthe Year Ended 31 March 2025 STATUTORY INFORMATION Bright Beginning5 Pre-school Limrted Is a private company. limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Informalion page. ACCOUNTING POLICIES Basis of preparing the financial ststements These financial statements have been Prepared in accordance wrth Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" includir¢g the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financi81 statements have been prepared under the historical cost convention. Turnover Turnover is measured al the fair value of Ihe consideration re1Ved or re1Vable, excluding discounts, rebates, value added tsx and other sales taxes. Taxatlon Taxation for the year comprises current arKJ deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to ilems recognised in other cornprehensive income or directly in equity. Current or deferred tsxation 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 differen$ Ihat have originated but not reverse(l at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that 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 wll be recovered against the reversal of deferred tax liabilities or other future taxable profils. Hlre purchase and leaslng cornmltments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Penslon costs and other post-retlrement beneflts The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profft or loss in the period to which they relate. EMPLOYEES AND TRUSTEES The average number of employees during the year was 1712024- 17). Page 5 continued...
Bright Beginnings Preschool Limited Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors 27,571 27,571 RESERVES Prior year adjustments At 1 April 2024 and 31 March 2025 4,657 TRUSTEE REMUNERATION AND TRANSACTIONS During the year, three trustees were employed by the charity and received remuneration totalling £46,48212024'. £45,285) for their roles as employees of the pre-school. In addition, a trustee reiVed £10,000 (2024.. £10,000) in relation to the administration of a Department for Education grant programme. All such payments were authorised by the truslees in accordance with the charity's governing document. Page 6
Independent Examlners Report to the Trustees of Bright Beginnings Pre-school Limited I report on the accounts of Bright Beginnings Pre-school Limited for the year ended 31 March 2025. which are set out on pages 1 to 6. Respective responsibilitles of trustees and examiner 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 144(2) of the Charities Acl 2011 (the Act) and that an indeFndent examination is required. It is my responsibilty 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 145(51{b) of the Act., and state whether particular matters have come to my attention. Basls of Independent examlnerfs report My examination was carried out in accordan with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kepl by the charity and a comparison of the accounts presenled with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanalions 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 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 a¢counts which 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 understanding of the accounts to be reached. Alex Chandler FCA On behalf of Sygma Chartered Accountants 1 Sopwith Crescent Wickford Essex SS11 8YU Date.. 2 December 2025 This page does not form part of the statutory financial statements Page 7
Bright Beginnings PrechoOl Limited Detailed Statement of Financial Activities for Ihe Year Ended 31 March 2025 All income and expenditure relate to unrestricted funds 31.3.25 31.3.24 Turnover Fees ar)d funding Fundraising and other Government grants 324,073 1,294 10.000 240,255 911 10,000 335,367 251,166 Cost of sales Educational fees Educational resources Food and drink 350 4,728 1,379 609 2,741 2,398 6,457 5,748 GROSS SURPLUS 328.910 245,418 Expendlture Renl Insurance Wages Social security Pensions Hire of equipment Telephone and internet Post and stationery Advertising and website Staff training and weffare Repairs and renewals Cleaning costs Waste disposal Compuler and software costs Sundry expenses Accounlancy Consultancy fees Subscriptions 8,811 1,795 209,814 7,428 8.166 2,869 851 438 325 495 950 290 478 709 586 1,130 1,473 424 9,545 1,696 166,274 6.353 5,166 3,205 851 473 225 1.061 296 332 378 733 763 1,080 1,392 558 247.032 200,381 81,878 45,037 Flnance costs Bank charges 430 235 NET SURPLUS 81,448 44,802 This page does not form part of the statutory financial statements Page 8