Company reglstration number: 08176186 Charity r8glstration number: 1150088 Snapdragons Pre School IA company Ilmited by guarantee) Annual Report and Flnancial Statements for the Year Ended 31 August 2025 WESTCOTTS ¢HARTeRELtr ACCQVIITAWTS • BUSIIIE$S ADVISERS Snapdragons Pre School Contents Referen￿ and Administrative Delalls Trustees, Report 2to4 Independent Examinèrfs Report statement of Flnancial Activlties Balance Sheet Notes to the Financt81 Statements 81016 Snapdragons Pre School Reference and Administrative Details Charlty Reglstratlon Number 1150088 Company Registrntlon Number 08176186 Registered Offlce Jackets Lane Northam Bideford Devon EX39 1HT Trustees: Josle Grant {resigned 30 December 2024} Renae Morton Kate Stone Elear￿[ Stscey Ireslgned 7 October 2025) Gemma Hudson, {appointed 6 December 20241 Jarnes Corey (resigned 14 September 20241 Emma Doble (resigned 14 September 2024} Charlotte Wilson Rachel Forsythe Maxine Downes (appointed 1 December 2025} Julia Kurek (appointed 1 December 20251 The charity is incorporated in England and Wales. Weslcotts ISWI LLP 47 Boutport Street Bamslaple Devon EX31 1SQ Independent Examlner Page 1 ## ## Snapdragons Pr8 School Trustees. Report Plans for future periods. Our plans for fvture periods Include th8 following. Trying lo do mts￿ fundraising activities to raise enough money to contribute to a new heating system. Conllnuing to improve staff knowledge ￿th courses. Continuing to make improvements to the setting. Training new members of stsff. Small companies provision ststemenl Thls report has been prepared in accordance wth the small companles regime under the Companies Act 2006. The annual report was approved by the tnjslees of the charity on6lSI.Z.&. and signed on its behalf by. Gamma Hudson Trustee Page 4 ## |||`(145,387)(`| |---|---|---| |||`(2,718)`| |`17`|`66,490`|| ## Snapdragons Pre School Notes to the Financial Statements for the Year Ended 31 August 2025 1 ChaTIty status The GharSly is Ilmited by guarantee, incorporated in England and Wa5es, and consequently does not have share capital. Each of the trustees is Ilable to contribute an amount not exGeeding £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 pollcles Summary of significant accounting pollcles and key accounting estimates The principal accounting policies applled in the preparation of these financial statements are set out below. These policies have been consistently applied lo all the years presented. unless otherwise staled. Statement of cornpllance The financial statemen15 have been prepared in accordance with Accounting 8nd Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their account5 in accordance with the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS 10211, the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Basis of preparation Snapdragons Pre School meets the definS1ion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hislorlcal cost or iransaction value unless othe￿iSe slated in the relevant accounting policy notes. The financial statements are prepared in sterling which is the functional currency of the enthy. Going concern The Irusl88s consider that there are no materfal uncertainties about the charltws ability lo contlnue as a going concern nor any significant areas of uncertalnty that affect the Carr￿ng value of assets held by the charity- Exemption from preparlng a cash flow statement The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial 5ts1ements. Income and endowments All Income is recognised once the charity has entitlement lo the income, it Is probable that the income will b8 received and the amount of the Income reGolvable can be measured reliably. Page 8 Snapdragons Pre School Notes to the Financial Ststements for the Year Ended 31 August 2025 Investment incomg Dividends are recognised once the dividend has been declared and notificatlon has been re￿fved of the dividersd due. Expenditure All expendiliire is recognised once there Is a legal or constructive obligati(Jn to that expenditure. il is probable selllemenl is required and the amount can be measured reliably. All costs are allocated to the applicable expenditvre headlng that aggregate slmilar costs to that category. Where costs cannot be directly allribuled lo particular headlngs they have been allocated on a basis conslstent with the use of resources, with central sl8ff costs allocated on the basls of lime spent, and depreryation charges 8llocaled on the portion of the asset's use. Other support costs are allocated based on the spread of stsff costs. Charltable activities Charitsble expenditure comprises those costs incurred by the charity in the delivery of its activities and setvices for fts beneficiarie5. It Includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been allocaled lo activity cost categories on a basls conslstent with the use of resources, for example, allocating property costs by floor afftas, or per capila. staff costs by the lime spent and other costs by their usage. Government grant5 Government grants are recognised based on the accwal model and are measurgd at the falr value of the ass81 received or recgivable. Grants are classified as relating either lo revenue or to assets. Grants rel8ling to revenue are recognised in income over the period in whlch the ralated costs a recognised. Grants rel81ing to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is defer￿d, it is recognised as deferred income. Taxation The charity is considered to pass the testg set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and the￿fOre it meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains received withln categories covered by Chapter 3 Part 11 of the Corporation Tax Ad 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 Indivldual fixed assets are initially recorded al cost, 16ss any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclation and amortlsatlon 08preciation is provided on tangible flxed assets so as lo write off the cost or v81uation. less any estimated residual value, over their expected useful economic life as follows.. Page g Snapdragons Pre School Notes to the Flnancial Statements for the Year Ended 31 August 2025 Asset clas5 Fixtures. fittings and equipment Depreclatlon method and rate 25•/0 Stralghl line Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tem highly liquid investments that are readily convettble lo a known amount of cash and are sublect to an insignificant risk of change in value. Borrowings Inleresl-bearing borrowings are Initially recorded at l2Sr value, nel of Ir3nsaction costs. Inlerest-bearing borrowings are subsequently carried at amortlsed cost. with the difference bebNeen the proce8ds, nel of transaction costs, and the amount due on redemption being re¢ognise(5 as a charge to the Statement of Financial Activitles over the period of the relevant borrowing. Interest expense is recognised on the basls of the effective interest method and is Included in interest payable and simll8r charges. Borrowings are dassified as current liabilities unless the charity has an uncondltional right to defer settlement of the158bility for al least tsvelve months after the reportlng date. Fund structure Unrestricted income funds are general funds that are avai18blÈ for use at the trustees discretion in furtherance of the objectives of the charity. Financial instruments Classllicotion Financial assets and financial liabillties are recognised when Ihe charity becomes a party to the contractual provisions of the instrument. Flnancial liabllities and equty instruments are classified accordlng 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 ils liabilities. Page 10 Snapdragons Pre School Notes to the Financial Ststements for the Year Ended 31 August 2025 Recognltion and measurement All financial 8ssets and liabilities arè Inltially measured at transaction price lincluding transactio costsl, except for those flnancial assets classified as At fair value through profit or loss, wh￿h are in¥tially measured at fair value (which is normally the transaction price excluding tr8nsaclion costs). unless the arrangement conslilutes a flnancing Iransaclion. If an arrangernent constitutes a fin8nung Iran5aclion, the financial asset or financial liability is measured al the present value of the fvjture payments discounted al a market rale of interest for a similar debt instrurnenL Financial assets and liabilities are only offset In the statement of financial position when. and only when there exists a legally enforceable right to sel off the recognised amounts and the charity intends elther to s&￿e on a net basis, or lo realise the asset and setue the liability simultaneously. Flnancial assets aTe derecognised when and only when al the contractual rlghts to the cash flows from the financial as5el expire or are settled, bl the charity transfers to another party substantially all of the rtsks and rewards of ownership of the financial asset, or cl the charity, despite having retained some. but not all, signific8nl risks and rewards of ownership, has transferred control of the asset to another party. Flnancial liabilities are derecognlsed only when the obligation specified in the contract is discharged. cancelled or expires. 3 Income Irom charitable activltles Unrestrlcted funds General Total 2025 DCC Funding Fees 134.955 5.525 134,955 5.525 140,480 140.480 Unrestricted funds General Totsl 2024 DCC Funding Fees 118.274 24.617 118.274 24,617 142.891 142,891 Page 11 Snapdragons Pre School Notes to the Financial Statements for the Year Ended 31 August 2025 4 InGome from other tradlng actlvities Unrestricted funds General Total 2025 Fundraising income 1,800 1.800 Unrestrlcted funds General Total 2024 Fundraislng Income 831 831 5 Investment income Unrestrlcted funds General Total 2025 Bank interest receivable 389 389 Unrestrlcted funds General Total 2024 Bank interest receivable 727 727 Page 12 Snapdragon5 Pre School Notes to the Flnancial Statements for the Year Ended 31 August 2025 6 Expendlture on charitable actlvities Unrestrlctod funds General Total 2025 Note Snapdragons Pre-sthool Allocated support costs 142,909 2.478 142.909 2,478 145.387 145.387 Unrestrlcted funds General Total 2024 Nota Snapdragons Pre-school Allocated support costs 130.415 2.807 130.415 2,807 133,222 133,222 7 Analysis of support costs Support costs allocated to charitable activlties Total 2025 Total 2024 Independent Examiners Fe8S Telephone Bank Gh8rg8S 1,387 888 203 1,353 1.254 200 2,478 2,807 Page 13 Snapdragons Pre School Notes to the Financial Statements for the Year Ended 31 August 2025 8 Net Incomlngloutgolng resources Nel loutgoingllincoming resources for the year include: 2025 2024 Depreciation of fixed assets 717 1,258 9 Trustees remuneratlon and expènses During the year no trustees received remuneration in respect of being a trustee. Expenses were reirnbursed to trustees on receipt of valid purchase invoitss. During the year one Iruslee was paid remuneration in the period tolalllng £13,108 {2024: £12,070) in respect of her pre-school employment. 10 Staff costs The aggregate payroll costs were as follows= 2025 2024 staff costs during the year were: Wages and sa5aries Social security costs Pension costs 108.943 1,303 2,109 112.355 94,538 470 1,748 96,756 The monthly average number of persons {including senlor management I leadership team) employed by the charity during the year was as follows.. 2025 No 2024 P￿school staff No employee re￿ived emoluments of more than £60,000 durlng the yoar. 11 Independenl examingrfs remuneration 2025 2024 Examination of the financial statements 1,387 1,353 12 Taxation The ch8rhy is a registered charity and is therefore exempl from taxation. P8ge 14 Snapdragons Pre School Notes to the Financial Statements for the Year Ended 31 August 2025 13 Tangible flxed assets Furnlture and equlpment Total Cost At 1 September 2024 Additions 30.732 1,435 30.732 1.435 At 31 August 2025 32,167 32,167 Depreciatlon At 1 September 2024 Charge for the year At 31 August 2025 30,168 717 30,168 717 30,885 30.885 Net book value Al 31 August 2025 At 31 August 2024 1,282 1,282 564 14 Debtors 2025 2024 Prepayments 5,011 15,101 15 Cash and cash equivalents 2025 2024 Cash al bank 71,414 63.965 16 Creditors: amounts falllng due withln one year 2025 2024 Trade credilors Other creditors Accruals 8,800 791 1.626 8,800 1,622 10,422 11,217 Page 15 Snapdragons Pre School Notes to the Financial Statements for the Year Ended 31 August 2025 17 Funds Balance at 1 September 2024 Balance at 31 August 202S Incomlng resources Resources expended Unrestrlcted funds General General funds 69.208 142,669 145,387 66.490 Balance at 1 SepteTnber 2023 Balance at 31 August 2024 Incomlng resources Resources expended Unrestrlcted funds General General funds 57,981 144,449 1133,2221 69.208 The General Fund represents the net assets of Snapdragons Pre-school which are not designated for pa￿CUlar purposes. 18 Analysis of net assets between funds Unrestricted funds General Total funds at 31 August 2025 Tangiblè fixed assets Current assets Current liabilities 1.282 76,425 11.217 1.282 76,425 {11,2171 66,490 Totsl net assets 66,490 Unrestricted funds General Total funds at 31 August 2024 Tangible fixed assets Current assets Current liabilities 564 79.066 10.422 564 79.066 10.4221 Totsl nel assets 69,208 69,208 19 Related party transactlons There were no related party transactions in the year. 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