,•QioHr8ÈF.foéia8é69 (England and Wales) Borden Village Pre School Limited Report of the Trustees and Unaudited Financial Statements For the year ended 31 August 2024 Borden Village Pre School Limited Contents Page For the year ended 31 August 2024 Report of the Trustees 1102 Indapondent Examinerfs R8POrt lo the Trust888 Stsiemenl of Financial Activities S￿leMent of Financial Position Notes lo the Financial Slalem8nls 61012 Borden Village Pre School Limited Report of the Trustees For the year ended 31 August 2024 The Trustee, viho is also director for the purp05es of cornpany law, have pleasure in presenting their report and Ihe financial stst&ments for the charitable company for the year ended 31 August 2024. Th3 Trustee have adopted the provisions of Accoiunling and Reporting by Charilies-. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in thè UK and the Rèpublic of Ireland IFRS 102)18ffectivè 1 January 20191. OBJECTIVES AND ACTIVITIES Objgctives and aims The objects and activities of the charitable company are to $siablish or sg¢urè the establishment of a pre-s¢hool and to maintain and manage the (whether alone or in co-opera￿'0n with any statutory authority or other person or Ix)dyi in furtherance of the objects. We started lo collect extra fun Kent Couniy Council have now told us we cannot conthnue lo do 80. Once again this 13 a blow lo us as these extra amounis enabled us lo add acliiiilies for the ¢hildren. We will ITr again next year. The Iruslee have considered the Charity Commision's guidance on public benefit, including Ihe guidance'public benefi't.. running a charity IPB21'. ACHIEVEMENTS AND PERFORMANCE Once again, we have continued lo supply a high level of performance throughout the year. It's conceming that several preschools and nursenes area have closed in the past year. From Speaking with the owners and managers of thes8 Schools. a common issue segms lo be the increasing ni of SEND childr9n rgquirin9 Qllg.on-ong core, which p14fgs $ignifi¢4nl prgs¥ure on th9ir s14ff. Fin4n¢i41 pressurgs continug lo b9 9 chg11gn98 preschools and nurseries as well. In18r8stingly, Ih8r8'8 discussion aboul the gov8rnm8ril's d85ir8 to implem8nl 8r88kfasl Clubs in most schoo there's no mention of additional fuThYing lo support this iniliats've. Despite most of ihe Preschool stsff earning minimum wage, they Gonsislenlly go and beyond lo support the preschool in numerous ways, FINANCIAL REVIEW R8s8rves Our aim is lo create unreslricled reserves equivalent lo six month's expenditure. Thi5 Is lo ensure the charity'5 a¢tivilie5 can continue as a result unloreseen nnanclal dlfflriAltl88. A(31 August 2024 Ihe charS(y undeslgnaied unresirlcied funds Sn the sum of £6012512023: £589101 whlc sufficient under the term5 of the above policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Th8 charity is controlled by ils governing docum8nl, a deed of trust and constitut8s a limited company, limited by guarantee, as deli ned by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE INFORMATION Namg of Charlty Charlly règlslratlon numbér Company reg15tratlon number Prlnclpal address Borden Villaga Pra School Limilgd 1139270 06498853 30 St Georges Place Canterbury Kent 1 of12 Borden Village Pre School Limited Report of the Trustees Continued For the year ended 31 August 2024 CT1 1UT Trustèe$ Th6 Iru81ees and officers serving durin9 the year and sinc8 th8 year end ware as follows.. Jack V Barbary Sècrètary Jack V Barfoary Ind•p6ndont examln8r R. A. Dale Accounting Limited 30 St Georges Place Canterbury Kent CT1 1UT Bankers Barclays 8ank PIC 81 High Street Sillingbourne K8nl Apwav£dkny,IhE,Board.of.T.rJjslees.and.s￿N￿d￿n ils behalf by 22 April 2025 Jock V 6arbory Secretary 2of12 Borden Village Pre School Limited Independent Examiners Report to the Trustees For the year ended 31 August 2024 I report lo the trustees on my examination of the accounts ol the charitable company for the year ended 31 August 2024. Responsibilities and basi$ of report As Ihè charity Trustee, who is also director for the purposes of company law, is resKX)nsible for the preparation of the accounts w) aecordance w rpqliirempnls of th? Companies Arl 20061'the 2006 Ar,I'l Having .s91isfipd my8?If that ttrE accoiints of the Company are not reqLiired to be audited Part 16 of tha 2006 Act and ara eligibl8 for indèp8nd8nt examination, I r8POrt in raspect of my èxamination ol your charity's accounts carried out Se¢￿'0n 145 of the Charllies Act 2011 I'lho 2011 Acl'l. In carrying out my examlnallon I have followed the Direclions glven by th& Charity Comtr undar section 14515llbl of th6 2011 Act. Independent •xamln•rs quallfied statement I confirm that no other matters have come lo my allenlion in connection with the examination giving me cause lo believe Ihal in any material resp accounting reGords were nol kept in respect of the Company as required by section 386 01 Ihe 2008 Act; or2. the accounts do not accord with r8cords: or3. the accounts do not comply with th8 r8quirèm8nts of $8clion 396 of th8 2CQ6 Act olh8r than any r8quirèm8nl that th8 accounts give . and fair Vie￿ which is not a matt8r considered as part ol an independent examinallon,. or4. the accounts hav& not been prepared In accordance w method8 and principles of Ihe Slalemenl of Recommended Praclice for accountin9 and reporting by charities applicable to charities preparin( aecijuntg in arLordAnr.È with Ihp. Fin￿￿e1￿1 Repnrtinu SlanrlL4rd applie.ablè in thp. UK and Repiiblic ol Irp.IAnrl IFRS 1 r)21. l ¢¢nlirrn that thprp. Are nr. mall8rs lo which your attention should b8 drawn to 8nable a prop8r und8rstandin9 01 th8 accounts lo be reach8d. R. A. Dale Accounting Limited 30 Sl Georges Place Canterbury Kent CT11UT 22 April 2025 3of12 Borden Village Pre School Limited Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 August 2024 Note$ Un￿strICted Re$tri¢ted 2024 202.. lundG funds Income and endowments from: Donalions and lagaciès Ch8ritabl& activities 131,061 26,219 1,120 131,061 26,219 1,120 115,391. 25.59.. Other trading acliviles Total 156,400 158,400 140,99., Expenditure on: Charitabl& activities 516 1157,1851 1157,185 119,3111 119,3111 1176,4981 1176,4961 1172.209 1172,209 Total Net Incomelexpendltur• Reconclllatlon of funds 1,215 119,311 {18,0961 131.217 Tolal funds brought loNard Total funds carrled forward S8,910 25,074 83,984 115.20 60.125 5,763 85.888 83,98. 4of12 Registered Number 06498853 Borden Village Pre School Limited Statement of Financial Position As at 31 August 2024 Noto$ 2024 202., Fixgd assgts Tawible assets 60,401 84.68., 60,401 84,68., Current as$el$ Debtors 12 1,011 9.079 1,021 4.10. Cash al bank and in hand 10.090 5.13., Credllors.. amounts falllng du8 wlthln Ong yoaT 13 14,6031 15,831 N•t curr•nt a95•ts 5.487 1698 Total a5S•ts 1•59 curr•nt liabiliti•s 65.888 83,98, Net a88ets 65.888 B3,981 Thg lund$ of thg charity Reslricled incom8 ftJnd8 14 5,763 60,125 25.07. Unr8slricled income fund8 14 >8,911 Total funds 65.888 83,98. For tho ygar ￿ded 31 Augusl 2024 the company was enli119d to exemption from audit under section 477 01 the Companies Acl 2006 relating lo coThpanies, The members have not required the company lo obtain an audit of ils accounts for the year in question in ac£ordance with section 476, The Iruslees acknowledge their responsibilities for complying with Ihe requirements ol the Acl with respect lo accounting records and the prepara accounts.Th8se accounls have been pr8pargd in accordanc8 Wlth Ihg provisions applicabl8 to cornpani8s subj8Ct to th8 small cornpani8s r8gime. Th8 financial 51al8m8nts were approv8d and authoris8d lor issu8 by th8 Board and sign8d on ils b8half by,. Jack V Barbary 22 April 2025 5of12 Borden Village Pre School Limited Notes to the Financial Statements For the year ended 31 August 2024 1. A¢¢ounling Poli¢ie$ Basis of ac¢ounting The thnancial slalemenls have been prepared under the historical Gosl convention, except for investments which are induded al market value and Iha ravaluation ol certain fixed assets and in accordanca with the Charities SORP IFRS 1021 Accounting and Reporting by Charitias.. Statemenl of Recommended Pracb'ce applicable lo charities P￿parIng Iheir accouiits in acctydance wilh the Financial Reporting Slar)dard applicable in the UK and Republic of Ireland IFRS 102118fl8ctive 1 January 20191,, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021, and the Companies Act 2006. Borden Village Pre S¢hool Limited meets the definition ol a public benefrt enlili under FRS 102. Assots and liabilities are initially racogni59d at historical cost or transaction valu8 unlass otharwisg Staled in tha rglevant accounting policy not81$1. Going concgrn The trustee has taken ac¢ounl of the document Going Con￿rn and Liquidity Risk" Guidance for Dire¢lors ol UK Companies 2009 issued by ihe Financial R8POrting Council and believes the charitsble company is a going concem. This assessm8nl is based upon the funding availabl8, cash in h8nd and the level of f￿e reseNes and income expected lo be received from the services provided, Funds Unrestricted funds can be used in accordance with the charitsble objectives al Ihe discretion of the t￿SleeS, Restricted funds can only be used for particular reslriclèd purposes within the objects of the eharily. Reslriclions arise whèn specified by thè donor or when lunds ar6 raised for particular reslricled purposes. Further explanation ol the nature and purpose ol each fund is included in the notes lo the financial slalernenl5, Incoming resources All ineomè is rèeognisèd in thè Statémènt of Financlal Activbtiè8 once tha oharity has on15tlèmant to tha funds, it 18 probablè that th8 Incomè will bè received and the amount can be measured reliably. Rgsour¢9S Oxpgndod Liabililios are r&wgnis&d as expendllure as soon as there is a legal or conslru¢Aive oblSgalion comM￿lIng the charSly to that expenditure. it is probable that a transfer of economlc bènefits wlll be requlred in s8ltl6ment and the amount of th& obllgallon can be m8asurèd relIab￿. Exp8ndrtur8 It a¢counled for on an ac¢ruals b#sis and has been Glassilied under headings that aggreggle all Gosl related lo the category. Where Costs Gannol be diraclly attributed to particular haadiros Ihey hav8 baan allocatad lo activit185 on a basis consislent with tha usa of rgsourcas. Chpritablo a¢livit9$ In Ihe opinion 01 the Trustees the cJ)arily has only one activity being Ihe operation ol the pre school. In addition. all fund raisiro activitias and governanc8 malt8rs, with the gXCaPtiDn of the Indgp8ndont Examiner's Iges and Trusteas. insuranc8, are deall with by the Trustees and other volunteers al no cost lo the charrty. Therefore all SUPPDrt cosls are considered lo be in relation lo the operation of the pre school. Taxatlon The charity is exempl Irorn corporation lax on ils charilable activities. Tangiblg fixgd as¥ets After the initial set up costs, all assets ¢081ing less than £100 are written off al time of purchase. Tawible fixed assets are Staled at cost less deprgcialion. Depraciation is provided al rale5 calculated 10 write off Ihg cost of fixed assais,1gss their r8sidual valua, ovw their expècted u5aful live¢ as follows.. Land and Buildings Plant and Machinery CompLlter EqLiipment 8 Slraighl line 20 Slraighl line 25 Straight line 6of12 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 20 Slraighl line 15 Roducing balance lotor Vèhicles Fixtures and Fittings P•nslons Thè charitabl& company opèrat8s a dafinad contribulon pansion sctr￿m6 for th8 bènafit ol ils employa8s. Contributions payabl8 ar8 chargad to thè profil and loss account in the period in which they are payable. Operating1ga595 Costs of operating leases arg charg￿ lo the Statement ol Financial AGlivilies on a slraighl-line basis over the lease term. 2. In¢omg from donations and1oga¢igs 2024 202.. un￿trICted funds Don81ions received 131,061 115.39,. 131,061 115,391 3. Income from charllablo actfvitle8 2024 202,, Unrestricted fund• School Fee Income from charitable 26,219 25.59,, activities 4. Income 8amed from other actlyltleg 2024 202., Unrestricted funds Fund raising events 1,120 1,120 5. Costs of charltable acllvltle8 by fund typa Unr¢stri¢tÈd Re$tri¢ted 2024 202.. lunds funds Sch￿1 Fees 157,185 19.311 176,496 172.201 7of12 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 e. Costs of charitable aGliviti95 by activity type 2024 202.. Actlvltles und8rtak8n dlr8ctly Schcol Fegs 176,496 172.201. 7. Net ifftc0mellexpendilu￿￿ for the year This Is stsied after chargingllcredilingl.. 2024 202.. Deyr¥Ll*ltiuii uluwiied fixed dyseL¥ Staff pension contributions 24,280 24.901 2,011 2,041 8. Staff cmts and emoluments Total staff costs for the year ended 31 Augu912024 were,, 2024 202.. Salafi8S and wag8S 8oeial sacurity cost8 Pengon costs 122,155 118.08 2,192 1,80,. 2,011 2,041 126,358 121,92.. 2024 202., Earty years practiiionars 8of12 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 10. Comparallve lor the Statement of Flnanclal Actlvltle5 Unre$tri¢ted Re$tri¢ted 202.. funds funds Income and endowmentg from,. Donations and lagaaes Chaiilable aellvi1S6s 115,399 115.39. 25,593 25.59.. Total 140,992 140,99.. Expenditure on= Chanlab18 8clivit18S 1152,8981 1152,898 119,3111 1172,209 1172,209 Total 119,3111 Nèt •xpèndltur• Rèconclllatlon of funds 111,9061 119,3111 31,217 Total fvnds brought forward Total funds carrfgd forward 70,816 44,385 115.20 58,910 25.074 83,98, 11. Tanglble Ilxed a$s•ts Land and Plant and Flxtures and Computer Equlpment Cost or valuation Bulldlngg Machlnery Flttlng9 Tot8 Al 01 Seplemb8r 2023 At 31 August 2024 305.430 695 33.188 5,456 344.76,. 305,430 695 33,188 5.456 344,761 Dep￿¢1¥¢1¢n At 01 Septèmber 2023 240,381 3S4 14.821 4,531 280.08. Charge lor year 20,777 261,158 93 2,711 17,532 700 24.28 284,361 At 31 August 2024 N•t book valu05 447 5,231 A131 August 2024 44,272 248 15,656 225 60,40. Al 31 August 2023 65,049 341 18,367 925 84,68.. 12. Debtors 2024 202,. Amounts dug within ong year: Prepaymenls ai)d a¢¢tued inGotne 1,011 1.021 1.011 1.021 gof12 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 13. Credltors: amounts falllng due wlthln one year 2024 202.. Other crèditors 1,442 2.681 Accruals and deferred incoma 3,161 3,15 4,603 5,83. 14. Movoment in funds Unrrttrlcted Fund8 BalanGg at Incoming resources Outgoing resources Balancg a 0110912023 311081202, General Gener81 58,910 158,400 1157,1851 60.12,. 58.910 158,400 1157,1851 60,121 Unroslricted Funds . Previous ygar Balancg at Incomlng resources Outgolng resources Balance a 0110912022 311081202,, General G8neral 70,816 140,992 1152.8981 58.911 70,816 140,992 1152,8981 58,911 Rostrlcted Funds BalanGg at Outgoing ros¢urces BalanGg a 0110912023 311081202. Block Paving Playground Fund Building Development Fund 2,695 (5981 2.09. 22.379 118.7151 3.6& 25,074 {19,3111 5,7& 100112 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 Rgstricted Funds - Previous year Balance at Outgolng resources Balance a 0110912022 311081202,, Block Paving Playground Fund Building Development Fund 3.291 (5961 2,69,, 41,094 118,7151 22.371 44,385 {19,3111 25,07. Pur￿50 of roslrl¢l¢d funds Building Oev8lopm8nl Fund A furid Lf¥iil¥d IrurTI luiidb yriiii(Iiily Iruiri K¥ril Cuuiily CuuiiLil Iu Lf¥(Il¥ d riew purwb¥ tsuill yr¥ suliuul. 81ock Paving Playground Fund A fund created from funds primaiily from George Webb Finn and The Borden Parish Council locreale a new block paving playground. 1 S. Analysls of not ass•t8 b8two•n lunds Tènglbl• flxed 8ssets N•¢ Cuf￿nt Net A$se assets I Illabllltles Unrestrlcted funds General Gener81 54,638 5,487 80.12,. Restrlcted funds Block Paving Playground Fund Building Development Fund 2,099 2.091 J,6ti4 J.b(?d 60,401 S,487 65,8&' 110112 Borden Village Pre School Limited Notes to the Financial Statements Continued For the year ended 31 August 2024 Prevlous year Tanglble fixod assets Net current Net Assèt assgtsl Illabllltles Unrestrlct8d funds General General 59,608 16981 ?8.911 Restrlctsd funds Block Paviro Playground Fund Building Development Fund 2,695 2,691 22,379 22.371 84,682 16981 83,98. 16. Company limited by gu#rant¢¢ 8urd¥ri Vill¢lV¥ Pr¥ SLlivul LiiTiiI¥LI i¥ (a bUlTIP¢iriy liiiiil¥(J by y(J