REGISTERED COMPANY NUMBER: 08144485 (England ad Wales) REGISTERED CIL4RITY NUMBER: 1148781 SPRINGFIELDS PRE-SCHOOL LIMfrED REPORT OF THE TRUSTEES AND UNAUDITED FITrIANCIAL STATEMENrs FOR THE AR EI)ED 31 LIIARCH 2025 Seago and Stopps Chartered Certified Accountants 61 Station Ro Sudbury Suffolk COIO 2SP
SPRKNGFIELDS PRE-SCII(KIL LIMifED CONTENTS OF THE FINATrIC'IAL STA'fEMENTS FOR THE YEAR 31 MARCH 2025 Page Reference alld AdmiDistrative Details Report of the Trustees Indepeudeut ExamiDer's Report Statement of Finanei*l Activities B212n¢e Sheet Casb Flow Statement Trlotes to tbe Cash Flow Ststement io Notes to the Financial Statements DetAiled StatcmeDI of Financial AdiwtieA 18 to 19
SPRllqGFIKLDS PRE-SCHOOL LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Mrs A Ja¢ob5 Mi's S Nuni) Miss S Ilanraty COMPANY SECRETARY Mrs A Jacobs RIGISTERED OFFICE 'rhe Terrapinhut Tudor Road Sudbury Suffolk COIO INL REGISTERED COTrIPANY 08144485 (England and Wales) RECISTERED CHARITY NUMBER 1148781 tNDEPEI¥DENf EXAMINER Scago and Stopps c.hartered Certified Accountants 61 StatlOLI Road Sudbury Suffolk COIO 2SP Page I
SPRINGFIELDS PRE-SCHOOL LINtITED (REGISTERED NUMBER: 08144485) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCR 2025 The trustees who aye also directors of the charity for the purposes of th¢ Companies Act 2006, present their report with the financial ststeinents of the charity. for the year ended 31 March 2025. The trustees havc adopted the provisions of Accounting and Reporting by Charities.. Statemenl of Recominended Practice applicable to ¢l)arities pr¢paring their ttccounts in accordanoe with tlie Financial Reporting Standard applicable in the UK and Republic of Irelai)d (FRS 102) (effective l Jan112ry 2019). ORJECTIVF.S A]W ACTIVTrtEs Objectives #Dd #im8 Th¢ aini of th¢ charity is to advance th¢ cducalion of children below compulsory s¢hoL)l age. by providing safe and satisfykng group play, in which par¢nts have the right to tak¢ par¢ encouraging other charitable activities through wl?ich parents Inay help the children and furtheriiig the aims of the pi'e-school lepdrning alliance. These aims and objectives are financed throiigh local coun¢il grants. and fees r¢¢eived in resttct of the group activities on offer. Publie benefit The tnjstees confinn ihat they have referred to the guidance contained in the Charity Commission's general guidance on publtc benefit when reviewing the charity's aims and objectives and in planning its future activtties. The ¢harity carries out these objects through.. Its activities. pre-school age children are en¢ournged to development additional socia] skills and personal developmemt. Thc pxrentg of the children 2re able to return to Work if nc¢ess2ry, giving local businesses a local WO force. STRATEGIC REPORT Achievements and perfomance This year has been positive for ihe nursery activities and the support it has offered to families and children. Stsff Continue to suppoit the children and their families and have positive relationships with families. Children continue to d¢velop well and tracking informatioj) shows cliildren make good progress from their starting points. Many child transitÉoned to primary school, bcing coiifident and iiidepcndcnt learncrs. Tiiis y¢ar has seen man}, legislative changes that have had an unpact on both tlie daily a¢tivilie5 and the financial demands on Springfields. Cl)anges to the Early Years funding and how diis is to be iinplemenied has required many changes to existing policies and how parents ue charged for sessions. Costs have riscn coii$idei'ably to g¢neral inflation iii utilities, regources and particularly food. 'I'l)is, alongside iii¢reases in ststTing costs, ha5 had to be managed to ensure we remain financially viable. As we move into a new financial year the costs of staffing due to rises in Nl and Minimum wage rises will require significant manageiment a]Id is likely to impact on staffing and fees. Page 2
SPRINGFIEIJ)S PRE-SCHOOL LIMITED (REGISTERED NUMBER: 08144485} REPOIIT OF THE TRUSTEES FOR THE YEAII ENDED 31 MAKCH 2025 STRATECIC REPORT Fillaneisl reiTrew During the year, the clwity received income of £538,219 <2024 . £491.692), comprising grants and fees received. Expenditure incurred amounted to £569.783 (2024.. £519,860) on 8n accruals basis. Resulting in a deficit for die y¢aT of £31,564 (2024 . £28,168 deficit). At the year end, the charity was in a strong financial wsition, with £159.314 (2024 . £198,519) in the bank and £189,985 (2024 .. £221,549) total fuiids, all of which were un-restricted. Future plans Creating further forest nurseries iii tlie area for eliildren froin all backgrounds to access is the fure aim of Springfields, as at present they are less accessibl¢ to ¢l)ildren from lower incom¢ families. STRUCTURE, GOVE]iTrIANCE AND MATriAGEIIE.YT Governing document The charity is controlled by its governing documen¢ its MemoraDdum And Articles of Association, and constitutes a limited company, limited by guarante4 as defined by the Companies Act 2006. Recrnitment and appointment of new trustees All initial &ppointhients of trustees were made from th¢ trustees of the previous, ut]incorporated charity. Springfields Pre-sohool Limited operates a policy of trustee rotation, with compulsory br¢aks from b¢ing a trustee, as defined in Kts M¢morandum and Articl¢s of Association. Rlsk management The trnstees have a duty to identify and Itview thc risk.s io which the charity is exposed and to ensure appropriaTr controls are in place to pi'ovide reasonable assurance against fi7ud aiid error. Report of the trustees, iiicor orating a strate report, approved by order of the board of trustees, as the and signed on the board's b¢lialf by.. MrsA obs- Trustee Page 3
INDEPEIIDENf EXAMINER'S REPORT TO THE TRUSTEF.S OF SPRJNGFIELDS PRE-SCHOOL LIMITF.D (REGISTERED NUMBER: 08144485) Illdependettt examiner's report to the trustees of Sprillgfields Pre-$¢bool Limited Cthe Company,) I report to the charity trustees on my examiiiatÉon of the accoujits ot the Coinpany for the year ¢iid¢d 31 March 2025. Responsibilities alld basis ol report As the charity's trustees of tlie Coinpany (and also its directors for the purposes of company law) you are responsible for th¢ pr¢paralion ol". the aLLowits in accoi'dan¢e with the requiremenis of the Compani¢s Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part. 16 of th¢ 2006 Act and 'e eligible for independent examination. J report in I'espcct of my eXnI7}atiOl] of your hariti s acLounts as ¢atri¢d out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In CaIng out my examinatsoll I have followed the Dii'¢¢tions given by tlie Lharity Commission under Sectloi) 145(5) (b) of the 2011 Act. Page 4
INDEPENDENT EXAMINER'S REPORT TO TKE TRUSTEES OF SPRINGFIELDS PRE-SCHOOL LIMITED (REGISTERED IN'UMBER: 08144485) IndepelldeDt examiner's statement Since your charity's gross iE]coin¢ ex¢eeded £250,1100 your ¢xamtiier must be a member of a listed body. I can confjrni that J qualified to und¢rtak¢ the examination b¢cause l am a meinber Df the Association of Chartered Certifjed Accountants, which is one of the listed bodies. I have completed my exAmillation. J confirn] that no matters have come to my attention in eonnection with tlie ¢LninatIOn giving toe cause to believe.. accounting records weTE not kept in respect of the CoiDpLny as requir¢d by Section 386 of the 2006 the accounts do not accord with thos¢ r¢¢ords' or th¢ accounts do not comply with the accounling requirements of Section 396 of the 2006 A¢1 otlier than any requirement that the accounts giv¢ a true and fair view whieh is not a matter cot)sid¢red os part of an independenl examination: or the a0llnts have not been prepared in aordance with the meth¢xts and principles of th¢ Statement of Recommended Practice for accounting and ttpotting by chariti¢s (applicable to charities pr¢paring their accounts in accordance with the Financial Reporting StsndaTd applicable tn the UK and Republic of Ireland {FRS 102)). I have no con¢erns aTJd hai'e Come across no odier matters in COlliie¢tion with the exaTnination to wl?icli atteiition should be drawn in this report ii) order to enable a proper understanding of the a¢¢ounts to be reached. Andy Stopp$ FCCA AFF Chartered Certified Accountant Seago and Stopps Chartered Certified ALCUUlltants 61 Station Road Sudbury Suffolk C0102SP Date.. /f.... Page 5
SPRINGFIELDS PRE-SCH(K)L LIED STATEMENT OF FJNAlI"CIAL ACTIVITIES FOR THE YEAR Ef4DED 31 MARCH 2025 31.3.25 Unrestricted fui)d 31.3.24 Total fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 533,219 486,692 Other trading activities Total 538219 491.692 EXpE]Dr[URE ON Other 569 783 519,860 T INCOMElffXPENDifuRE) (31,564) {28,168} RECONCILIATION OF FUNDS Total tuiid5 brought forward 221,549 249,717 TOTAL FUTr4DS CARRIED FORWARD 189985 221 549 The notes fomi part of th¢se financial starements Pag¢ 6
sPRGFIELDs PRE-SCHOOL LAllTED OiEGISTERED NUMBER: 08144485> BALANCE SHEET 31 MARCH 2025 31.3.25 Unrestri¢led fund 31.3.24 Total funds otes FiXTD ASSETS Tangible assets io 31,055 35,387 CURREwf ASSETS Debtors Cash at bank and in haiid 36,415 159,314 30,220 198 519 195,729 228,739 cREDORs Amounts falling du¢ within one year 12 (11,880) (1 1.702) NET CURRENT ASSETS 183,849 217,037 TOTAL ASSETS LESS CIJRRENT LIABILITIES 214.904 252.424 CREDITORS Amounts failing due after Inore than one year 13 (24,919) (30,875) NET ASSETS 189,985 221549 15 Unrestricted fvnds 189,985 221,549 TOTAL FLTh, DS 189,985 221,549 The chariiable company is entitled to exempt20n from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The m¢mb¢rs have not required the company to obtain an audit of its financial statements for the year end 31 March 2025 in accordance with selOn 476 of the Compani¢s Act 2006. Th¢ trustees acknowledge their respoiisibilities for (a) ensuring thftt th¢ charitable company keeps accounting records that comp]y with Sections 386 and 387 of the Companies Act 2006 and (b) preparing r]nancial statements which give a true and fail. vi¢w of th¢ state of affatrs of the charitable coinpany as at til¢ end of each fmancial year and of its sw'plus or deficit lor each finÈincial )'ear in accordance with the requirements of Sections 394 and 395 and whi¢h othenvise comply witli the requirements of the Coinpanies Act 2006 relating to financial statements, so far ag Applicable to the charitsble company. The notes forni pam of th¢s¢ fin2ncial ststcmenL% Page 7 contined...
SPRtNGFIELDS PRE-SCHOOL LITrLrrED (KEGISTERED NUMBF.R: 08144485) BALINCE SHEET- continued 31 MARCH 2025 Th fmancial tateme were apptt)ved by the Board of Trustee5 and &uthorised foT issue on and ivere signed ()n its behalf by.. A Jacobs- Trnstee The notes forn) part of these financial ststements Page 8
SPIUNGYIELDS PRE-SCHOOL LIMtTED CASH FLOW STATF,TrIENT FOR THE YEAR ENDED 31 MARCH 2025 31.3.24 31.3.25 Noies Cash flows from operating activities Casb g¢n¢rat¢d from operdtiolls 21.777) 21584) 21,777) Net cash US in opernting activities 21.584) Cash flows from investing aetivities Purchase of Lgibl¢ tix¢d assets 22,899 17621) 22,899) Net cash used in investing activiti¢s 17.621} (44.676) Change ID cash 2nd Cash equivalellts in the reporÉillg period (39,205) 243,195 Cash c&4h equivalents al the beginThillg o(the reporting period 198,519 198,519 Cthsh #JAd ¢a$h equivalents at the end of the reporting period 159,314 The note5 form part of these flnancial statements Page 9
SPRINGFIELDS PRE-SCHOOL LI[TED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILL4TION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expeDditllre for tbe reporting peri(Nl (0$ per the Statem¢nt of Financial A¢tiviti&8) Adjustments for: Depre¢iation ch8Tges Loss on disposal of fixed assets Increase in debtors Decrease in creditors (31,564) {28,168) 15,453 6,500 (6,195) 14,787 {3,220) 5,176 Net used in operntions 21,584) 21.777) ANALYSIS OF CHATr*GF.S IN NET FUNDS At 1.4.24 Cash flow AÉ31.3.25 Iyet ch Cash 8t bat]k and in hand 198 i19 {39,205 159314 198,Sl9 39,205 159314 Debt Debts falling due within l year Debts falling due after l year (5,956) (5,956) 24 919) 36,831 5,956 -10,875) Totsl 161.688 128 439 The notes forni part of these flnancial StatThents Page 10
SPRINGFIELDS PRE-SCHOOL LILVIITED T4OTES TO THE FINATr4CIAL STATEMENTS FOR THE YEAR ETrIDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of prepAring the financial statements The fmancial statements of the charitable company, which is a public b¢nefit entity under FRS 102, have been prepared in aordanC¢ witl) the Charities SORP IFRS 102) 'Accountii)g and Reporting by Charities.. Statem¢nt of Recoirnnendcd Practice applicable to charitics preparing their accounts in accordAnce with the FInclaI Reporting Standd applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financiil Reporting Staudord 102 'The Financial Reporting St&ndArd applicable in the UK and Republic of Jr¢land' and the Companies Act 2006. The finl¢la1 stAtemeiits hav¢ been prepared under the historical cost convention. Iniome All income is recognised in the Statement of Financial Activities once th¢ ChEty has entitlement to the funds, it is probable that the income will be received and the ajllount c1 be measured Teliably. ExpeDditure Liabilities are r¢¢ognAsed as expenditure as soon as there is a legal or constructive obltgation cointnittiilg the charity to thwt expenditure, it IS PTobable tIt a transfei. of ecoiioinic beiiefits 1]1 be requir¢d in s¢ttl¢m¢nl and the amount of tbL obligiation can be measured reliably. Expenditure is accounted for on an lceruals basis and has been classified under he*things that aggregate all cost related to the c&tegory. Ivhere costs cannot be directly attribiited to particular headings ih¢y have been allttated to activities on a basis consist¢Dt with the use of resour¢¢s. Tangible fixed Sets Depreciation is provided &t the following annual rates in order to write oft. each asset over its estimated uscful lifc. Property itnprovements OITice equtpm¢nl Motor vehicles 200/0 on cost 2/0 on cost 250/D on cost Fund Aceounting Unrcstricted funds can be used in accordanc¢ the Charitable objectives at the discretion of the trustee5. Restricted funds can only be us¢d for particular restricted purposes withiii the obj¢¢ls of ti)e ¢harily. R¢strictions arise wlien specified by the donor or M,heii funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in tFL¢ notes to tl)e filil¢la1 statements. PeD$ion costs and otber post-retirement bellefits The chatitable company operates a defined ¢ontribution pension herne. Contributions payable to the charitible company's pension scheme are cllarged to the Statsment of Fin]¢1&1 Activities in the period to M,hicb tli¢y r¢lat¢. Page 11 continued...
SPRKNGFIELDS PRE-SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS Af4D LEGACIES 31.3.25 31.3.24 Fees Grants received 163,424 369,795 213,383 273,309 533.219 486 692 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Employment allowance 5.000 SUPPORT COSTS Manageinent Other resources oxpended 569 783 NET XNCOMEI(EXPENDITURE) Net in¢om¢/(expenditLwe) is stated after chargin(CreditIng)= 31.3.25 31.3.24 Depreciation - owned assets Deficit disposal of f]xed &q5ets 15.453 14,787 TRUSTEES, REMUNERATION AND BENEFITS 31.03.25 31.03.24 Wages and salaries Social security costs Oth¢r pensioii costs 65,160 6,408 1.580 65,160 6,408 1.580 73,220 The Trustee5 reinunerated aix)ve were ikny Jacobs and Stephanie Hanratty. Truslee8' expenses There were no trustees, expenses paid for the yea]. ended 31 March 2025 nor for the }iear end¢d 31 March 2024. Page 12 continued...
SPRINGFtELDS PRE.SCHOOL LIMt'rED NOTES TO THE FINANCIAL STATV.MENTS- continued FOR THE YEAIi ENDED 31 MJUiCII 2025 STAFF COSTS 31.3.25 31.3.24 Wages and saiari¢s Social security costs Oth¢r pension costs 418,743 15,812 391,736 5.558 440 763 410,520 The average monthly llumb¢r of employees during the year was a5 follows.. 31.3.25 34 31.3.24 23 Paid employees No employees received emoluments in ¢x¢ess of £60,000. cohtPARATIVFS FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢stri¢ted fund INCOME AND EP4DOWMENTS FROM Donations and legacies 486,692 Other trading activittes 5.000 Tol*l 491692 EXPEF4DITURE ON Other 519,860 NET INCOMEI(EXPENDITURF) (28,168) RECONcILTION OF FUNDS Total fuiids biought foThN'ard 249,717 TOTAL Pus CARIUED FORWARD 221,549 Page li ¢ontinued...
SPRLNGFIELDS PRE-SCHOOL LIMfrED NOTES TO THE FIN'CIAL STATEMENTS- contillued FOR THE YEAR EfiDED 31 MARCH 2025 FEES FOR THE EXAmATION OF THE ACCOUNTS 31.03.25 31.03.24 Independent Examiners Fees 1,782 10. TANGIBLE FIXED ASSETS Property Office impTovemenls equipment Motor vehicles Equipment Total.9 COST At l April 2024 Additions Di5posal$ 70,930 11,121 8,811 16,350 6,500 3,216 99,307 17,621 At 31 March 2025 82,051 3.216 110,428 DEPRECIATION At l April 2024 Charge for year 40,760 13,890 5.288 1,139 16.350 1.522 424 63.920 15,453 At 31 March 2025 54,650 6.427 16.350 79,373 NET BOOK VALUE At 31 Mah 2025 2,384 At 31 March 2024 30.170 3,523 35,387 11. DEBTORS: AMouNfs FALLING DUE WTTHtN ONE YEAR 31.3.25 31.3.24 Trnde debtors Prepaymen 33,789 2.626 30,220 Page 14 eontinued...
SPRINGFIELDS PRE-SCHOOL LI[TED NOTES TO THE Fll%ANCIAL STATEMENTS- conlitsued FOR THE YEAR Ef4DED 31 MARCH 2025 12. CREDITORS: AMOUNfs FALLll¥G DUE WITHtN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts (see nots 14) A¢¢nL¢d expenses 5,956 5.924 5,956 11,702 13. CREDITORS: AMoifNTS FALLING DUE AFTER MORE THA14 ONE YEAR 31.3.25 31.3.24 Bank loans {s¢e note 14) 30,875 14. LOANS An analysis of the math]rity of loarts is given bclow.. 31.3.25 31.3.24 Amounts falling due withill one year on demand.. Bank loans 5,956 Amounts falling due behveen two and five ycars: Bank loans 24,919 30.875 IS. MOVEMEivr tN FUNDS Net movement in funds Ai 31.3.25 At 1.4.24 Unrestricted funds General fund 221.549 (31,564) 189,985 TOTAL Fuf4DS 221,549 (3 1,564) 189,985 Net movement in fiEnds. included in the above are as follows: Jncomiiig r¢sources Resources expended Movetnent in lldS UDres¢ricttd funds G¢neral fund 538,219 (569,783) (31.564) TOTAL FUNDS 538,219 569,783) (31,564) Page15 CODLinued...
SPRINGFIELDS PRF..SCHOOL L[IrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE Y£AR ENDED 31 MARCH 2025 15. MOVEMENf IN FUNDS- ¢ontinlled Comparativu for movement in funds Net moveinent in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 249,717 (28,168} 221,549 TOTAL FUNDS 249,717 28 168) 221.549 Comparntive net mov¢in¢nt in funds. included in the above are as follows: Incoining reSou¢S Resources expended Mov¢fftent in funds Ullr¢gtrieted thnds General fund 491,692 (519.860) {28.168) TOTAL FtJNDS 491.692 519 860) 28 168) A current year 12 months and prior y¢ar 12 months combined position is as follows: Net Inov¢inent ii) funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 249,717 (59,732) 189,985 TOTAL FUNDS 249717 59,732) 189985 A current year 12 tnonths and prior year 12 tnonths ¢OlDbin¢d n¢t wnovernent in funds. included in the alx)ve are as follows: Incoming resources Resources expended Mov¢meJrt in fimds Unrestricted fuknds General fund 1.029,911 (1,089,643) (59,732) TOTAL FUNDS 1.029,911 (1.089,643) 59,732) Page 16 ¢ontinud..
SPRtNGFIEIJ)S PRE-SCHOOL LIlLITED NO'fES TO THE FINANCIAL STATEMENTS- contlllued FOR THE YEAR EYDED 31 MARCH 2025 16. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 17
SPRINGFIELDS PRE-SCHOOL LLMITKD DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND Ef4DOWMENTS Donations alld legacies Fees Grants received 163,424 369 795 213,383 273.309 533.219 486,692 Otber tradTDg #ctivities Employment allowance 5,000 5.000 Total incoming Tesources 538,219 491,692 EXPEIYDITURE Support Managemenl Truslees, salaries Wages Social securfftty Employer pension contributions Rates, wat¢r rates, trade wast¢ a]id utilities Light and he&t R¢Dt Telephone Postage and sraiionery Advertislng Suiidries 71,640 347.103 15,812 6,208 3,823 6,423 8,847 3,010 3,943 1,663 11,643 71,640 320,096 13,226 5,SS8 5,522 4,614 10,002 2.746 3,596 1,608 8.577 Ell Repairs and maintenance Legal and professional fees Scliool ¢quiptnent Accountancy Training Staff uiiifor InsurAnee Motor expenses Vehicle lease Software and subscriptions Bank loan interest I)epreciation of tangible asseis Loss on sale of tan8ible flxed assets 14,032 2,776 25,135 1,740 2.429 993 2,657 5,440 5,693 6,129 691 15,453 6,500 11,168 2,555 20,970 1,782 713 1,860 1,969 5,321 5,693 4,884 973 14.787 569,783 519,860 This page doe5 not form part of the ststuiory finaneial statements Page 18
SPRINGFIELDS PRE-SCHOOL LJMITED DETAILED STATEftrlENT OF Fll¥ANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Ti)tal resources expended 569,783 519,860 Net expenditure 31.564) 28,168) This page does not forni part of the statutory financi statements Pagc 19