Registered number CE001171 Charity Number.. 1156432 Shenley Lodge Pre-school Incorporated Charitable Incorporated Organisation Financial Statements 31 August 2024
Shenley Lodge Pre-school Incorporated Financial Statements for the year ended 31 August 2024 Contents Page Charity Reference and Administrative Details Trustees, Annual Report Statement of Financial Activities 2to3 Balance Sheet Notes to the Financial Statements 7t010
Shenley Lodge Pre-school Incorporated Charity Reference and Administrative Details for the year ended 31 August 2024 Trustees Constantine Makris Sarah-Jane Lousie Nicholls (Chairl Ruth Stockdale Caryn Winter (Resigned on 31st of August 2024) Accountants Nicholas Peters & Co Limited 2nd Floor 10-12 Bourlet Close London W1W 7BR Bankers Natwest Units 164-166, Midsummer Arcade Centre Milton Keynes MK9 3BA Registered office The Meeting Place 5 Faraday Drive Milton Keynes MK5 5DE Registered number CE001171
Shenley Lodge Pre-school Incorporated Trustees. Annual Report for the year ended 31 Augu$t 2024 The Iruslees present their report and the financial slalements of the charity lor the year ended 31 August 2024. The trustees have adopted the provision of the Slalement ol Recommended Practice ISORPI A¢counling and Reporting by Charities" IFRS 1021 in preparing the annual report and finan¢ial statements ol Ihe charity. The financial slalernenls have been ppared in accordance with the accounting policies sel out in notes to the accounts and comply wlh the charity's governing document. the Charities A¢1 2011 and Accounting and Reporting by Charities.. Statement ol Recotmmended Pra¢li¢e appli¢able lo charities preparing their accounts in accordance with the Financial Rerporting Standards applicable in the UK and Republic of Ireland published on October 2019 Isecond edilionl. Trusta&s of the charity The Iruslees of the charitable incorporated organisalion are its truslees for the purposes of charity law. The Iruslees have served during the year and since the year end are named on page 1. Name. registered office and r•gl$tratlon number of the charity The full name of the Charity is Shenley Lodge Pre-school In¢orporated The legal registration details are The Registered Office is Faraday Drive Shenley Lodge. Milton Keynes MK5 70E Charity Registration Number 1156432 Objectives and a¢tivitl&s The Charity is govemed by ils ConslilLJlion Ljnder the Pre-school Learning Alliance. Ils objects are.. to enhance the development and education of children primarily undei slalulory school age by encouraging parents lo understand and provide for need of their children through communily groups. to Pfovide a safe. secure and stimulating environment. lo work wlhin a framework that ensures equality of opportunity for all Children and families. The Charity conlinLJed to provide high quality care and education for childTen under slalulory school age in yafe. secure and stimulating environment. The trustees have had regard lo CCICCNIS guidance on public benefil. Achiev¢m¥nts and porformance The Charity achieved an adultlchild ratio of 1..5 during the year which is well below the legal requirement of 1".8. The pre-school has been run al less than capacity lor the school year lor both morning and afternoon sessions. Staff seek training and development to sustain children's needs in various activities such as music, photography. behavioural management leading them through and helping build and achieve Iheir goals. The Charity operates lunch club facility hthich has increased from 21 to 29 children per day over the year and gives an opportunity for children lo improve essential social skills by socialising during lun¢h. 11 is supervised by management team members. Staff numbers have fallen during the year from 8 10 4 employees. Frorn January 2023 a Tnanager is constantly in the room with the children. Additional activities for children include parties al Chrislrnas, Easter and al Ihe end of the year. Financial Review The statement of financial activities lor the period is set out on page 6 of the financial slalements. The trustees are optimistic that the followng years knrill generate more nel incoming resources. Structure, governance and man•gèmant The Charity is a charitable incorporated organisalion and was registered on 28 March 2014. The Iruslees who served during the period are detailed on page 1. The current trustees decide on the appointment of new trustees. New trustees are proposed by the existing trustees and are appointed al Annual General Meeting. The Chair is Sarah Nicholls.
Shenley Lodge Pre-school Incorporated Trustees. Annual Report for the year ended 31 August 2024 Risk Review The trustees actively feview the major risks faced by the Charity and confirm that they have established systems lo miligale the significant risks. Future devèlopments The pre-school intends lo run al full capacity for the school year of 38 weeks fof moining and afternoon sessions with future plan lo increase number of children admitted lo the pre-school. Reserve policy The policy of the trustees is to continue lo maintain unreslricled reserves at a reasonable level lo fulfil Ihe objects of Ihe Charity and allow il lo make support in the following year. The trustees have decided that the Charity should have minimum reserves of £15.000. As al 31 August 2024 readily accessible free reserves of the Charity were £127.318 as shown in Balance Sheet. Trustees. responsibilities The Iruslees of Shenley Lodge Pre-school Incorporaled for the purposes of company law) are responsible for prepallng the Trustees. Annual Report and the financial slalemenls in accordance wilh applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice}. Law applicable lo Charities in England and Wales requires Ihe Iruslees lo prepare accounts for each rinancial year which give a true and fair vieiv of the stale of affaiis of the Charity's financial activities during the year and of ils financial position al the end of the year. In preparing those accounts, the trustees are required to= -select suitable accounting policies and then apply Ihem consislenlly-, -make judgements and eslimales that are reasonable and prudent.. -slate whether applicable 8Oun11ng slandafds and slalements ol recommended practice have been followed. subject to any departures disclosed and explained in Ihe accounts., and -prepare the accounts on the going concern basis unless it is appropriate lo presume that the Charity will continue in business. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accura¢y al any lime the financial posilian of Ihe Charity and to enable them lo ensure that Ihe accounts comply with the Charities Act 2011. They are also responsible for safeguarding Ihe assets ol the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the board on 5 September 2025 and signed on ils behalf. Constantine Makrls Trustee
Shenley Lodge Pre-school Incorporated Independent Examiner's Report to the Trustees of for the year ended 31 August 2024 I report on the financial statements of the company for the year ended 31 August 2024, which are set out on pages 5 to 10. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the Company for the purposes of the company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the companies Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subjecl to audil under company law and is eligible for independent examination, Il is my responsibility to.. examine the accounts under section 145 of the 2011 Act.. to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515){bl of the 2011 Act, and to state whether particular matters have come to my attention. Basis of Independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as 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 financial statements present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Ihe Trust as required by section 130 of the Charities Act 2011 and section 386 of the Companies Acl 2006., or • the accounts do not accord with those records., or • the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl Ihat the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns 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. Andrew Georgiades FCCA Independent Examiner Nicholas Peters & Co Limited 2nd Floor 10-12 Bourlet Close London W1W7BR 05 September 2025
Shenley Lodge Pre-school Incorporated Statement of Financials Activities for the year ended 31 August 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income Total Income from activities 138,833 90,436 Total Income 138,833 90,436 Expenditure on: Expenditure on activities 1122,6691 {137,171) Net incomel(expenditurel 16,164 {46,735) Reconciliation of funds: Total funds brought forward 111,154 157,889 Total funds carried foThvard 127,318 111,154 All income and expenditure derive from conlinuing activities.
Shenley Lodge Pre-school Incorporated Balance Sheet Notes 2024 2023 Current assets Debtors Cash 81 bank and in hand 3,166 128,266 131,432 5,891 106,784 112,675 Creditors: amounts falling due within one year 4,114 1.521 Net current assets 127.318 111.154 Net assets 127,318 111.154 Charity funds Unrestricted funds 127,318 111.154 Totsl charity funds 127.318 111.154 Signed on behalf of the board of Iruslees. Constsntine Makrfs Trustee 05 September 2025 The notes on pages 710 10 form part of these financial slalernenls. CIO regislralion number.. CE001171
Shonley Lodge Pre-school Incorporated Notes to the Financial Statements for the year ended 31 August 2024 1 Summary of significant accounting policies la) General information and basis of preparation Shenley Lodge Pr&School Incorporated Limited is a charitable incorporated organi5ation incorporated in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are as sel out in the Trustees, annual report on page 2 of these financial statements. The charity constitutes a public benefit enlily as defined by FRS 102. The financial slatements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 {as updated through Update Bulletin 1 published on 2 February 20161, the Charities Act 2011, and the UK Generally Apted Practi. The financial stalemenls are prepared on a going concern basis under the historical cost convention, modified lo include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charily and are rounded to the nearest pound. The significant accounting poliaes applied in the preparation of these financial slatements are set out below. These policies have been consistently applied to all years presented unless otherwise staled. {b} Funds Unrestricted funds are available ft)r use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designed for other purposes. {cl Recognition of incoming resources For donations lo be recognised the charity will have been notified of the amounts and the settlement dale in writing. If there are conditions attached lo the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and i( is probable that they will be fulfilled. No amounl is included in the financial statements for volunteer time in line with Ihe SORP (FRS1021. Further detail is given in the Trustees, Annual Report. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange of services provided in order to raise funds and is recognised when entitlement has occurred.
Shenley Lodge Pre-school Incorporated Notes to the Financial Statements for the year ended 31 August 2024 Idl Expenditure re¢ognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments lo third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of raising funds includes expenditure incurred for obtaining gifts and donations. Expenditure on charitable activities includes expenditure incurred in organising charity events. Other expenditure represents those items not falling into the categories above. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to reasonable expectation that the recipient will receive grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity- {e) Expenditure on activities Expenditure on activities are those that assist the work of the charity and include wages, office costs and governance costs. They are incurred directly in support of expenditure on the objects of the charity. Fund raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. The analysis of these costs is included in nole 3. lfj Taxation The charity is an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests sel oul in Finance Act 2019 and therefore is meets the definition of a charitable incorporated organisation for UK corporation tax purposes. (gl Going Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeled income and expenditure is sufficienl with Ihe level of reserves for the charily to be able to continue as a going concern. {h} Judgements and key sources of estimation uncertainty No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significanl effect on amounts recognised in the financial statements. No key assumptions concerning the future and other key sources of estimation uncertainly at the reporting dale that have a significanl risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Shenley Lodge Pre-school Incorporated Notes to the Financial Statements for the year ended 31 August 2024 2 Activities 2024 2023 Council Funding Fundraising events School Fees Other income Interest received 106,775 1,317 29.602 132 1.007 138.833 69,494 397 19,898 30 617 90,436 Income from fundraising events was £1,31712023 - £397} which was attributable lo unrestricted funds. 3 Expenditure on activities 2024 2023 Staff Cost.. Wages Employer's Insurance Pension Staff training and welfare 96,728 549 2,197 759 100,233 119,916 (10,720) 2,449 1,253 112,898 Other Cost.. Rent Bank charges Repiars and Maintenance Insurance Software Consumables Subscription Printing, postage and stalionery Telephone and fax Othe legal and professional Accountancy fees 11,500 178 12,650 120 620 2,502 583 2,220 1,509 393 1.270 162 2,244 24.273 1,255 635 2,653 3,430 515 1,226 1,044 22,436 Total expenditure on activities 122,669 137,171 4 Trustees, and key management personnel remuneration and expenses The truslees received the following remuneration during the year.. Ruth Stockdale- £28,428. 5 Debtors: amounts falling due within one year 2024 2023 Trade debtors Other deblors 191 2.975 3,166 75 5.816 5.891
Shenley Lodge Pre-S¢hool Incorporated Notes to the Financial Statements for the year ended 31 August 2024 6 Creditors: amounts falling due within one year 2024 2023 Pension payable Deferred Income Accruals 690 2,224 1,200 4,114 321 1,200 1,521 7 Fund reconciliation All funds are unreslricled funds. 8 Related party There were no related party transactions during Ihe year other than stated in note 4. 9 Place of business The Meeting Place S Faraday Drive Milton Keyne5 MK5 5DE 10