## **Creswick Pre-School Ltd.**
## ANNUAL TRUSTEES REPORT 01.12.2023 – 31.08.2024
_This report follows the guidelines laid down by the Charity Commission in their website guidance for small charity reporting._
## **Reference & Reporting Details**
Charity Name Creswick Pre-School Ltd Registered Charity Number 1145213 Registered Address Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FL Address of Pre-School Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FL
## **Trustees**
Creswick Pre-School’s trustees are also Directors of the Pre-School, as registered with Companies House.
Mrs Gemma Jeffrey – Chair Sarah Berriman – Treasurer _**Resigned 30.07.2024**_
## **Advisors**
Bank: Barclays Bank 99 Harborough Road Northampton NN2 7SL Accountant: JK Minerva LLP 46 Crossway Welwyn Garden City Hertfordshire AL8 7EE
## **Structure, Governance & Management**
1 of 3
Governing Document: Trustee Selection: Meetings:
Pre-School learning alliance model constitution. Same as Directors registered at Companies House. The Directors & Pre-School Leader meet termly.
## **Objectives & Activities**
Summary of Objectives: To provide education and early learning for PreSchool age children in our local community.
Summary of Main Activities: We offer daily sessions either 9am – 12noon or 1pm – 4pm. We also offer 30 hours – 9am to 3pm or shared 30 hours with the local Nursery. Carefully planned activities follow the Early Years Foundation Stage curriculum ensuring that every child has access to good quality play and learning experiences that are differentiated to suit their stage of learning and development. We work in close partnership with parents and other professionals to ensure best outcomes for children aged 2-5.
## **Achievements & Performance**
Our waiting list continues to be healthy with over 60 children on the list.
The Pre-School achieved an Ofsted grading of ‘Outstanding’ in its last inspection (March 2019) and is due for inspection before the end of February 2025.
We scored ‘Green’ with our HFL Annual Visit.
Creswick Pre-School aims to provide the best experience it can for the young children in its care. Whilst we of course seek to retain a financial reserve in case of emergency, we purchase the best quality equipment and resources and ensure that all money received by the Pre-School goes straight back to providing the best we can for the children and their families. Our website, www.creswickpre-school.co.uk gives an overview of what Creswick Pre-School provides for local children.
We welcome children funded through the two-year-old funded scheme both working and supported, as well as the universal funding and 30 hours. We work in close partnership with our local Family Centre to ensure that families of the children in receipt of supported funding get any additional support they may need.
In addition to the above, we have weekly fees through both cash payments and families using childcare vouchers through their workplace schemes.
## **Financial Review**
Please see attached end of year accounts.
2 of 3
## **Declaration**
The Trustees declare that they have approved the Trustees’ Report above. Signed on behalf of charity Trustees:
|Signature:|H)
a|
|---|---|
|Full name:|Gemma Jeffrey|
|Position:|Trustee|
|Date:|29 August 2024|
3 of 3
Company Number 07080206
## **CRESWICK PRE-SCHOOL LIMITED**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**For the Period Ending 31 August 2024**
46 CROSSWAY WELWYN GARDEN CITY HERTFORDSHIRE AL8 7EE
## **CRESWICK PRE-SCHOOL LIMITED**
## **Company Information**
## **Directors**
Mrs Gemma Jeffrey Mrs Sarah Berriman (resigned 30 July 2024)
## **Registered Office**
Creswick Pre-School, Creswick School Sir John Newson Way Welwyn Garden City AL7 4FJ
## **Company Number**
07080206
## **CRESWICK PRE-SCHOOL LIMITED**
## **Directors' Report and Accounts**
## **Contents:**
||**Page**|
|---|---|
|Directors' report|1|
|Adviser's report|2|
|Profit and loss account|3|
|Balance sheet|4|
|Statement of changes in equity|6|
|Notes to the accounts|7|
## **CRESWICK PRE-SCHOOL LIMITED**
## **Directors' Report**
The directors presents their report and financial statements for the period ending 31 August 2024.
## **Principal activities**
The principal activity of the company during the year was operating a Pre-School.
## **Directors' interests**
The directors that served during the year were as follows:
Mrs Gemma Jeffrey
Mrs Sarah Berriman (resigned 30 July 2024)
The company is limited by guarantee and consequently does not have share capital, therefore no director has a declarable interest.
## **Small company special provisions**
This report and financial statements have been prepared in accordance with the special provisions relating to the small companies regime within part 15 of the Companies Act 2006.
This report was approved by the board on 28 May 2025 and signed electonically on the same date by:
## **Mrs Gemma Jeffrey**
## **Director**
Page 1
## **CRESWICK PRE-SCHOOL LIMITED**
## **Advisers report on the unaudited financial statements to the director of CRESWICK PRE-SCHOOL LIMITED**
As stated on the Balance sheet, you are responsible for the preparation of the financial statements set out on pages 3 to 8, which you have approved, and you consider the company is exempt from an audit.
In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory obligations, from the accounting records and information supplied to us.
This report is made solely to the directors of Creswick Pre-School Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Creswick Pre-School Limited. To the fullest extent of the law, we do not accept or assume responsibility to anyone other than the company and its directors for our work or for this report.
It is your duty to ensure that Creswick Pre-School Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities and financial position and profit of Creswick Pre-School Limited.
As no audit has been carried out we do not express any opinion on the statutory financial statements.
J K Minerva LLP 46 Crossway Welwyn Garden City Hertfordshire AL8 7EE
20 May 2025
Page 2
## **CRESWICK PRE-SCHOOL LIMITED**
## **Profit and Loss Account for the period ending 31 August 2024**
|**Notes**
**Turnover**
**1, 2**
Cost of Sales
**Gross Surplus**
Administrative Expenses
**Operating Surplus / (Deficit)**
**4**
Interest earned
Interest payable and similar
**Surplus / (Deficit) for the Financial Year**|**31/08/2024**
**30/11/2023**
**£**
**£**
136273
145391
97371
122333
38902
23058
26770
26556
12132
(3498)
0
5
26
32
12106
(3525)|
|---|---|
The above results were derived from continuing operations.
The company has no recognsed gains or losses for the year other than the results above.
Page 3
## **CRESWICK PRE-SCHOOL LIMITED**
## **Balance Sheet**
## **as at 31 August 2024 (30 November 2023)**
||**Notes**||**2024**||**2023**||
|---|---|---|---|---|---|---|
||||**£**|**£**|**£**|**£**|
|**Fixed assets**|||||||
|Tangible assets||**5**|749|749|922|922|
|**Current assets**|||||||
|Debtors and prepayments||**6**|4135||4752||
|Cash at bank|||35345||22442||
||||39480||27194||
|**Creditors: amounts falling due**|||||||
|**within one year**||**7**|3242||3235||
|**Net Current Assets / (Liabilities)**||||36238||23959|
||||||||
|**Net Assets / (Liabilities)**||||36987||24881|
|**Reserves**|||||||
|Other reserves||||19142||19142|
|Retained earnings||||17845||5739|
|**Total capital and reserves**||||36987||24881|
## **The notes on pages 7 to 9 form part of these financial statements**
Page 4
## **CRESWICK PRE-SCHOOL LIMITED**
## **Balance Sheet (continued)**
## **Approval**
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledges their responsibility 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 statements 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 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small small companies regime.
The financial statements were approved by the director on 28 May 2025 and were signed electronically on the same date by:
## **Mrs Gemma Jeffrey Director**
Page 5
## **CRESWICK PRE-SCHOOL LIMITED**
## **Statement of Changes in Equity for the period ending 31 August 2024**
|At 1 December 2023
Surplus / (deficit) for the year
At 31 August 2024
At 1 December 2022
Surplus / deficit for the year
At 30 November 2023|**Other reserves**
**£**
19142
0
19142
19142
0
19142|**Profit and**
**loss account**
**Total**
**£**
**£**
5739
24881
12106
12106
17845
36987
9264
28406
(3525)
(3525)
5739
24881|
|---|---|---|
Page 6
## **CRESWICK PRE-SCHOOL LIMITED**
## **Notes to the Accounts for the period ending 31 August 2024**
## **1 Company limited by guarantee**
The company is limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £0 towards the assets of the company in the event of liquidation.
## **2 Accounting policies**
The principle accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all the financial periods shown unless otherwise stated.
## **Financial Reporting Standard**
These financial statements have been prepared in accordance with Financial Reporting Standard 105 micro-entities - The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland - and the Companies Act 2006 (as applicable to companies subject to the small companies regime).
## **Basis of preparation**
The financial statements have been prepared using the historical cost convention except as disclosed in the accounting policies for items shown at fair value.
The financial statements are presented in Pounds Sterling (£) which is the company's functional currency. All amounts have been rounded to the nearest pount unless otherwise stated.
## **Revenue recognition**
Turnover represents the fair value of the consideration received of receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of any returns, rebates and discounts. The company is not registered for VAT.
Revenue is recognised when it can be reliably measured, it is probable that future economic benefits will flow to the company and and specific criteria have been met for each of the company's activities.
## **Tangible assets / depreciation policy**
Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and accumulated impairment charges.
The cost of tangible assets includes directly attributalbe costs incurred in their acquisition and installation
Page 7
## **Notes to the Accounts for the period ending 31 August 2024**
Depreciation is charged so as to write off the cost of assets, other than land and buildings, over the term of their estimated economic lives, at the following rates:
Fixtures, fittings and equipment 25% on reducing balance
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **3 Staff numbers**
|**3 **|**Staff numbers**|||
|---|---|---|---|
|||**2024**|**2023**|
||Average number of staff employed by the company|7|8|
|**4 **|**Operating surplus**|||
|||**2024**|**2023**|
||Operating profit is stated after charging:|**£**|**£**|
||Depreciation of owned fixed assets|173|308|
Page 8
## **Notes to the Accounts for the period ending 31 August 2024**
## **5 Tangible fixed assets**
|**5 **|**Tangible fixed assets**|||
|---|---|---|---|
|||**Furniture**||
|||**fittings and**|**Total**|
|||**equipment**||
|||**£**|**£**|
||**Cost**|||
||At 1 December 2023|14323|14323|
||Additions|0|0|
||Disposals|0|0|
||At 31 August 2024|14323|14323|
||**Depreciation**|||
||At 1 December 2023|13401|13401|
||Charge for the year|173|173|
||Depreciation on disposals|0|0|
||At 31 August 2024|13574|13574|
||**Net book value**|||
||At 31 August 2024|749|749|
||At 30 November 2023|922|922|
|**6 **|**Debtors**|||
|||**£**|**£**|
||Trade debtors|-|-|
||Prepayments|4135|4752|
|||4135|4752|
|**7 **|**Creditors: amounts falling due within one year**|||
|||**£**|**£**|
||Trade creditors|29|143|
||Taxation and social security|1744|2173|
||Accruals and deferred income|1000|400|
||Other creditors|469|519|
|||3242|3235|
Page 9
## **CRESWICK PRE-SCHOOL LIMITED**
## **Detailed Trading and Profit and Loss Account for the Period Ending 31 August 2024** _**for the information of the directors only**_
|**Income**
Fees and grants
Other revenue
**Cost of sales (analysed below)**
**Gross surplus**
**Gross surplus %**
**Administrative expenses**
Establishment costs (analysed below)
General expenses (analysed below)
Finance charges
Depreciation
**Total expenses**
**Operating surplus for the year**
Interest earned
Interest charged
**Surplus / (deficit) on ordinary activities**|**31/08/2024**
**30/11/2023**
**£**
**£**
131968
140263
4305
5128
**136273**
**145391**
97371
122333
**97371**
**122333**
**38902**
**23058**
28.55%
15.86%
15375
14735
11133
11330
89
183
173
308
**26770**
**26556**
**12132**
**(3498)**
0
5
26
32
**12106**
**(3525)**|
|---|---|
## **CRESWICK PRE-SCHOOL LIMITED**
## **Detailed Trading and Profit and Loss Account for the Period Ending 31 August 2024** _**for the information of the directors only**_
|**Cost of sales**
Small toys and education
Wages and salaries
Employer's National Insurance
Empoyer's pension contributions
Staff training
Consumables
**Establishment costs**
Rent
Light, heat and power
Insurance
Repairs and renewals
**General expenses**
Telephone and internet
Health and safety
Computer costs
Printing, postage and stationery
Subscriptions and donations
Cleaning
Accountancy costs
Legal and professional costs
Sundry expenses|**2024**
**2023**
**£**
**£**
10980
10150
82092
102443
1849
440
1900
2309
180
4612
370
2379
97371
122333
1650
1432
4988
6384
625
742
8112
6177
15375
14735
597
678
0
200
7403
8308
42
141
236
425
844
107
1255
1184
499
202
257
85
11133
11330|
|---|---|
**Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** CRESWICK PRE-SCHOOL LTD **members of**
|**On accounts for the year**||**Charity no**||
|---|---|---|---|
|**ended**|31/08/2024|**(if any)**|1145213|
**Set out on pages** 1 TO 9
**Respective** The charity's trustees are responsible for the preparation of the accounts in **responsibilities of** accordance with the requirements of the Charities Act 2011 (“the Act”). **trustees and examiner**
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention
**Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** 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’ view and the report is limited to those matters set out in the statement below.
**Independent** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
## **examiner's statement**
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Date:** 23/05/2025
**Signed:**
**Name:** KEITH JONES ~~pd~~
1
**May 2018**
**IER**
**Relevant professional qualification(s) or body (if any):**
**Address:**
46 CROSSWAY WELWYN GARDEN CITY AL8 7EE
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**May 2018**
**IER**