Company registration number: 08176186
Charity registration number: 1150088
Snapdragons Pre School
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 August 2024
WESTCOTTS
CMARTERED AC¢OUNTAIIT
& BUSIMESS ADVISERS

Snapdragons Pre School
Contents
Reference and Administrallve Details
Trustses, Report
2to4
Independent Examinerfs Report
ststement of Financial Adivities
Balance Sheet
Notes to the Financial Ststements
8t017

Snapdragons Pre School
Reference and Adminlstrative Details
Charity Registration Number
1150088
Company Registration Number 08176186
Registered Office
Jackets Lane
Northam
Bideford
Devon
EX39 1 HT
Trustees:
Josie Grant (resigned 30 December 2024)
Renae Morton
Kate Stone
Keeley Marshall (resigned 4 February 2024)
Eleanor Sta￿Y
Gemma Hudson, (Resigned 11 June 2024, appointed 6 December
2024)
James Corey (resigned 14 September 2024)
Emma Doble (appointed 7 February 2024 and resigned 14
September 2024)
Charlotte Wilson (appointed 4 February 2024)
Rachel FOrS￿he (appointed 11 June 2024)
The charity is incorporated in England and Wales.
West¢otts (SW) LLP
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Independent Examiner
Page 1

Snapdragons Pre School
Trustees. Report
Structure, governance and management
Trustees
As of 31 August 2023, Snapdragons Pre-school had seven trustees who currently also serve as
directors of the company.
Getnma Hudson is the Chair of Tnjstees as well as the administrator Rachel Forsohe is Otsled
nominated person.
orate Govemance
The trustees meet three times a year with directors, meetings held less regulady, however infomiation
is regularly reviewed and shared by the trustees through electronic means.
Trustees are nominated and voted for at the Annual General Meeting.
Objectives and activities
The objects of Snapdragons Pre-school are to enhance the development and education of children
primarily under statutory school age by encouraging parents to understand and provide for the needs
of their children through community groups and by.
Offering appropriate play, education. care facilities and training courses together with the help of
parents to take responsibility to become involved in the activities of such groups and ensuring that
such groups offer opportunities for all children whatever their race, culture, religion, means or ability.
Encouraglng the study of the needs of such children and their families and promoting public interest
and recognition of such needs.
Instigating and adhering to furthering the aims and objects of the Pre-school Learning Allian￿.
Public Benefit
The trustees consider that the objects of Snapdragon Pre-school. as stated above, comply with the
Charities and Public Benefit- Summary guidance for Charity Trustees (January 2008).
The trustees unanimously agree that the requirement for due regard to the Public Benefit guidance
has been satisfied as govemment funded places are available to all children.
Page 2

Snapdragons Pre School
Trustees. Report
Achievements and perfomiance
During the period Snapdragons Pre-school had many achievements to report on. The main
achievements include.
Pupil places have been high with most sessions being full.
Staffing remains consistent and continues to be reviewed to ensure that the setting is managed to
EYFS standards. 4 staff are level 3 qualified.
We have started the new 2 year old working entitlement funding introduced in April.
The overall prof51e of Snapdragons remains high and provides a high-level service to the community-
. Ail policies have been reviewed and updated according to the Pre-school Learning Alliance.
We continue to maintain and improve the Preschool property to meet the needs of the Children.
All staff continue to improve their skills with regular courses.
Financial review
During the year there were net incoming resources of £11.227 (2023: net incoming resources of
£3,416).
Devon County Council funding received in relation to nursery hours worked totalled £118,274 (2023:
£95,762) for the year. Fees received during the year decreased from £28,172 in 2023 to £24,617 in
2024.
During the year wages increased from £93.475 to £96.756.
Reserves Poli
To ensure future financial sustainability for Snapdragons Pre-school, the Trustees have set a target to
hokl £25-£30,000 cash reserves which represent half a term wnning costs.
As of 31 August 2024, the cash held in bank accounts totalled £63,965 12023.. £59,348) which
currently exceeds the Trustees tar9et.
The total reserves as of 31 August 2023 are £69,208 {2023: £57,981)
Plans for future periods.
Our plans for future periods include the following.
. Trying to do more fundraising activities now that things have setued down with Covid 19.
Continuing to improve staff knowledge with courses.
. Continuing to make improvements to the setting.
Small companies provision statement
This report has been prepared in a¢¢ordance with the small companies regime under the Companies
Act 2006.
Page 3

Snapdragons Pre School
Trustaas. Report
The annual report was approved by th8 tr￿te85 of the (tharfty onTrlslzS arKI dgned on Its
bthaif by.
Gemma Hudson
Trustse
Page 4

Snapdragons Pre School
Independent Examlner's Report to the trustees of Snapdragons Pre School
{'the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity'5 accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have Completed my examination. I confirm that no matters have come to my attention in connection
wrth the examination giving me cause to believe:
accounting records were not kept in respect of Snapdragons Pre School as requlred by section
386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
Considered as part of an independent examination. or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reportlng by charities lapplicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)].
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Catherine Williams FCA DChA
Independent Examiner
Westcotts (SW) LLP
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Date:..
Page 5

Snapdragons Pre School
Statement of Financlal Activities for the Year Ended 31 August 2024
(Including Income and Expenditure Account and Statement of Total
Recognlsed Gains and Losses)
Unrestricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
250
123,934
142,891
831
727
142,891
831
727
Total income
144.449
144.449
124,189
Expenditure on:
Charitsble activities
(133.222)
133,222
{133,222)
(120,773)
(120,773)
Total expenditure
Net income
133,222
11,227
11,227
3,416
Net movement in funds
11.227
11,227
3,416
Reconciliation of funds
Totsl funds brought forward
Total funds carried fotward
57,981
69,208
57,981
69,208
54,565
18
57,981
All of the charity's activities derive from continuing operations during the above periods.
The funds breakdown for 2023 is shown in note 18.
The notes on pages 8 to 17 form an integral part of these financial statements.
Page 6

Snapdragons Pre School
(Reglstration number: 08176186)
Balance Sheet as at 31 August 2024
2024
2023
Nots
Flxed assets
Tangiblè assets
Gurrent assets
Debtors
Cash at bank and in harml
14
1,822
15,101
63.965
8,091
59.348
15
16
79,066
67,439
111.280)
56.159
57,981
Crnditors: Amounts falllng due within one year
Net current assets
17
10.422
68,644
69.208
Net assets
Funds of the charlty:
UnroBtrf¢tod income fund8
Unr&stricted fund8
57,981
57.981
69.208
69.208
T¢)tal funds
For the financial year ending 31 August 2024 the charity was entitled to ax8mptlon from a￿lt under
sectlon 477 of the Companies AGI 2006 relating to small companies.
18
Dlrectors, respcmsibllltles:
The members have not requlred tha charity to obtain an audlt of Its a(xounts for the year In
question in accordanca with sectton 478; and
The directors acknowledge Iheir responsibilitles for complying wlth thè r8qulremants of tha Act wlth
respect to accounting records and the preparatii)n of aC￿l￿t8.
These financlal ststements have been pr8pared In accordance with the special provlsions relating to
companies subject to the small companles regirne within Part 15 of Ihe Companies Act 2006.
The financial 8tsternents on pages 6 to 17 were approved by Ihe trustses, and authorised for issue on
s*.2% and signed on th8lr behalf by.
Gemma Hudson
Trustee
Tha notes on pages 8 to 17 fom an Integral part of the8e financlal stst8ments.
Page 7

Snapdragons Pre School
Notes to the Financlal Statements for the Year Ended 31 August 2024
1 Charity status
The d)arty is limited by guarantee, incorporated in England and Wales, and consequently does not
have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of its registered office is:
Jackets Lane
Northam
Bideford
Devon
EX39 1 HT
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting pollcies applied in the preparation of these financial Statements are set out
below. These policies have been consistently applied to all the years presented, unless othe￿iSe
stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slatement of Recommended PraGtice {applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006.
Basis of preparation
Snapdragons Pre School meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially re¢ognised at historical Cost or transaction value unless otheTwise stated in the
relevant accounting policy notes. The financial statements are prepared in sterling which is the
functional currency of the entity.
Going concern
The twstees consider that there are no material uncertainties about the charitrfs ability to continue as
a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by
the ¢harity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not
included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income. it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Page 8

Snapdragons Pre School
Notes to the Financlal Ststements for the Year Ended 31 August 2024
Grants recelvable
Grants are recognised when the charity has an entitlement to the funds and any ￿nditionS linked to
the grants have been met. Where performance o)nditions are attached to the grant and are yet to be
met, the income is recognised as a liability and induded on the balance sheet as deferred income to
be released.
Investment income
Dividends are re¢ognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
All expenditure is recognised once there is a legal or Constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliabty. All costs are allocated to
the applicable expenditure heading that aggregate similar Costs to that category. Where ¢osts cannot
be directly attributed to partl¢ular headings they have been allocated on a basis consistent with the
use of resources. with central staff costs allocated on the basis of time spent, and depreciation
Charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Charftable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities
and seNices for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activty cost categories on a basis
consistent with the use of reSoUr￿s, for example, allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Govemment grants
Government grants are recognised based on the accrual model and are measured at the fair value of
the a&8et re￿iVed or receivable. Grants are classified as relating either to revenue or to assets.
Grants relating to revenue are re￿gnised in income over the period in which the related costs are
recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where
part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010
and therefore it meets the definition of a charitable company for UK wrporation tsx purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impaimient losses.
Page 9

Snapdragons Pre School
Notes to the Flnancial Statements for the Year Ended 31 August 2024
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuatlon. less any
estimated residual value, over their expected useful economic life as follows:
Asset Class
Depreciation method and rate
Fixtures, fittings and equipment
250A straight line
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference belween
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Statement of Financial Actlvities over the period of the relevant borrowing.
Interest expense is recognised on the basls of the effective interest method and is induded in interest
payable and similar charges.
Borrowings are classified as current liabilities unless the Charity has an unconditional right to defer
settlement of the liability for at least Iwelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charty.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes 8 party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered Into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 10

Snapdragons Pre School
Notes to the Financial Statements for the Year Ended 31 August 2024
Recognltlon and measurement
All financial assets and liabilities are initially measured at transactlon price (in¢luding transaction
costs), except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is normally the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transa¢tion, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the charity intends
either to setue on a net basis. or to realise the asset and settle the liabilty simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained
some, but not all. significant risks and rewards of ownership, has transferred control of the asset to
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged.
Can￿lled or expires.
3 Income from donations and legacies
Unrestricted
funds
General
Total
2023
Grants receivable
250
250
Page11

Snapdragons Pre School
Notes to the Flnancial Statements for the Year Ended 31 August 2024
4 Income from charitable activities
Unrestricted
funds
General
Total
2024
DCC Funding
Fees
118,274
24.617
118.274
24,617
142,891
142.891
Unrestricted
funds
General
Total
2023
DCC Funding
Fees
95,762
28,172
123.934
95.762
28.172
123,934
5 Income from other trading activities
Unrestricted
funds
General
Total
2024
Fundraising income
831
831
6 Investment income
Unrestricted
funds
General
Total
2024
Bank interest receivable
727
727
Unrestricted
funds
General
Total
2023
Bank interest receivable
Page 12

Snapdragons Pre School
Notes to the Flnancial Statements for the Year Ended 31 August 2024
7 Expenditure on charitable activities
Unrestricted
funds
General
Total
2024
Note
Snapdragons Pre-school
Allocated support costs
130,415
2,807
130.415
2,807
133,222
133,222
Unrestricted
funds
General
Total
2023
Note
Snapdragons Pre-school
Allocated support Costs
117,975
2,798
120,773
117.975
2,798
120,773
Analysis of support costs
Support costs allocated to charitable activities
Total
2024
Total
2023
Independent Examiners Fees
Payroll costs
Telephone
Bank charges
1,353
1.288
100
1,211
199
1.254
200
2,807
2,798
Page 13

Snapdragons Pre School
Notes to the Financial Statements for the Year Ended 31 August 2024
9 Net incomingloutgoing resources
Net incoming resources for the year indude:
2024
2023
Depreciation of fixed assets
1,258
2.274
10 Trustees remuneration and expenses
During the year no trustees received remuneration in respect of being a trustee. Expenses were
reimbursed to trustees on receipt of valid purchase invoices.
During the year one trustee was paid remuneration in the period totalling £12,07012023= £11,244) in
respect of her pre-school employment.
11 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
94,538
470
1,748
96,756
92,167
1,308
93,475
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows:
2024
2023
Pre-school staff
No employee received emoluments of more than £60,000 during the year.
12 Independent examiner's remuneration
2024
2023
Examination of the financial statements
1.353
1.288
13 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 14

Snapdragons Pre School
Notes to the Financial Statements for the Year Ended 31 August 2024
14 Tangible fixed assets
Furniture
and
equipment
Total
Cost
At 1 September 2023
30,732
30,732
At 31 August 2024
30,732
30,732
Depreciation
At 1 September 2023
At 31 August 2024
Net book value
30,168
30,168
30,168
30,168
At 31 August 2024
At 31 August 2023
564
564
564
15 Debtors
2024
2023
Prepayrnents
15,101
8,091
16 Cash and ¢ash equivalents
2024
2023
Cash at bank
63,965
59,348
17 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals
8,800
1,622
10,422
9.818
1,462
11.280
Page 15

Snapdragons Pre School
Notes to the Financial Statements for the Year Ended 31 August 2024
18 Funds
Balance at 1
September
2023
Balance at
31 August
2024
Incoming
resources
Resources
expended
Unrestricted funds
General
General funds
57,981
144,449
133,222
69,208
Balance at 1
September
2022
Balance at
31 August
2023
Incoming
resources
Resources
expended
Unrestricted funds
General
General funds
54,565
124,189
1120,773
57,981
The General Fund represents the net assets of Snapdragons Pre-school which are not designated for
particular purposes.
Page 16

Snapdragons Pre School
Notes to the Financial Statements for the Year Ended 31 August 2024
19 Analysis of net assets between funds
Unrestricted
funds
General
Total funds
at 31 August
2024
Tangible fixed assets
Current assets
Current liabilities
564
79,066
10,422
564
79,066
(10,422)
69,208
Total net assets
69,208
Unrestricted
funds
General
Total funds
at 31 August
2023
Tangible fixed assets
Current assets
Current liabilities
1,822
67,439
111,280)
57.981
1.822
67.439
11,280
Total net assets
57,981
20 Related party transactions
There were no related party transactions in the year.
Page 17