2023-08-31-accounts

2022-2023

Trustee Report

We continue to offer early year’s education to eligible funded children free at the point of delivery. Working within a deprived area this is vital to enable all children regardless of economic status to access high quality provision to achieve a good level of development.

During this year we have had many issues to contend with. In the first term we were due an inspection from Ofsted, which when received in December we were graded outstanding in all areas. After receiving such an exemplarily result it enabled us to reopen discussion with the local primary school in regards to relocation. Our existing lease was due to finish in July 2023 and due to the ever increasing maintenance costs and utilities renewing was not an option. The school governors and trust agreed to lease us an area within the school for a set monthly charge. The wheels were set in motion to complete relevant paperwork and advice was sought from a solicitor to negotiate the terms of contract.

The new lease includes all maintenance costs, utilities, phone line, broadband and waste collections. This vastly reduces the overheads making our setting more viable and giving stability for the year ahead.

During the summer term we worked tirelessly to prepare the old building and grounds to hand back to the landlord in the condition stipulated in our lease. This involved clearance of some overgrown buddleia, drain jetting and cleaning guttering. Alongside this time was taken to carefully sort through resources and pack in readiness for moving.

The new building required very little change as it was already a purpose built EYFS unit. We were fortunate a local carpentry company donated their time and resources to build a partition wall to create a sleep area.

The future is looking bright and we are optimistic that our sustainability will continue to grow in a very challenging climate for childcare providers.

REGISTERED COMPAI¥Y NUMBER.. 08457584 (England and Wales) REGISTLRED CHAIUTY NUMBER.. 1157643 ort of t Trnste&s and Unaudiled Financial S ements for the Year Endcd 31 Au ust 2023 Veninor Communit Earl Years Centre Allegri & Co. 16c Sandown Road Lake Isle of Wight P036 9JP

Ventnor Collununit E Tl Years Cen Cont¢nts of the Finallcial Sthiements for the Year Ended 31 Au ugt 2023 Page Report of the Trustees Independent Examiner's Report Statejnent of Financial A¢tivitlG Balance Sheet Noies io ihe Financial Statem¢nts 6 to 10 Detailed State2nent of FiDancial Activities 11 to 12

V¢ntnor Communii Earl Ye entre on of the ftustees for the Year Ended IAU t 2023 The twsiees who are also director8 of ihe eharity for the purposes of the Companies Act 2000. pre.%ent their report Witb the finanLial $￿teMents of the charity for the year ended 31 Augusi 2023. The tn￿tte$ have adopted the provisions of Accounting and Reporting by Cl)arities'. Staieinent of Re¢o]nmended Practice applicable to charities preparing their account￿ in accordance with the Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland (FRS 102) {effeciive l Jat]uary 20191. OBJECTIVES AND ACTIVITIES Objtctive8 and aims To enhatJ¢e the development and education of children primarily ut]der %tatutory schuol age by encourdging parettts to und¢￿thnd and provide for the needs of their children through ¢c>nununity groups and by.. offering appropriate play,education and care facilities and training courbes,logether with the right of parents to take responbibilily for and to b¢¢ome involved in the activities of such groups. ensuring thai such Kroupq offer opportuniti¢s for all children whatever their raee.culture,religic>n,means or ability encou￿gIn¥ the stt￿Y of the needs of .%uch children and their families and promoting public interest in arjd ieco8llition of such needs instiKaling and 8dhering to and furthering the aiEnS and objects of the pre-school learning alliance. Signlfitont activitie5 We rejoice in what wab a laniasli¢ year IOT Ventnor Conimunity Early Years. We slarted the year ¢ollaborating with Planet aware organising and implementing successful rock pooling visits to Bonchurch bea¢li teaching the children about che environment and what we can do to look after it. In October, we started a weekly parent group called 'Sing and Sign,. Parents were invited lo woik alongside their child, in a gTQilP. aimed to promoie ¢ommuni¢ation and language skills. This was regularly attended and had a great impact such as. non-verbal children beginning to sigD. In December, we had ali unannounced Ofsted insp¢¢tion and w¢ie found to be OutslandinK in all areas! This validated our pra¢ii¢e and fvrther served to discredit the previou.% judgment flve months earlier. We also invited families to join their childien a'cakes and ¢arols' afternoon which was exceptionally well alteiided. In March, we had various events ftsr our families %uch as.. ]￿ltIng a local artist in for World Book day. raising awareness of Hydro¢epha]us. and a teddies beaWs picnic at a local conllnunity hub. In April. we were very fortunate 10 receive more toothbrushes and toothpastes from the Southern Cooperative. ThL'S enabled us to Cont￿UC only ternjly oral hygiene statLOn. In May, we studied the life cycle of a butterfly,. Ihe children were able to witncss ¢&teLpillars ClEatiiJg chrysalise¥ and observe the wondemjent of the butterflies emerging before seiiin&7 ihem free. We also celebrated tlJ¢ King?'s coronatioll, by inviting all families for a BBQ lunch to whtch the Mayor atien(kd and gave every child a cominernorative mug fimded by the local lowry] council. In June. we were delighted to be able to rtnally aTmoun¢e ihat we managed to secure a new prernises on the siie of the ocal primary school. This news was po5￿tiVelY received by all phrent￿Carer￿ and everyone was looking foTward (o seeiog ihe new selling. The sun)mer montbs. were spent tirel&%8ly moving all cquipment and resources to create a welcoming environment for the new academic year. Parents gave their free time ta help t]iove fi￿niture up ihe hill in cars and vans. AÈ the end of the sun]rner lioliday5. w¢ offered an open day lo all new and existing familie5 which was a tremendous success. Publle benefit In settll￿? our objectives and planning our actlVLties our Trnstees have given sertous ¢on8ideratLOn to the Charity Conllni55ion's general guidance on public benefit and in particular the advancement of edueatiom. FUTURE PLANS The Tru51ees have been focussed on doing everythitjg p()55ible 10 a¢hieve an improved Ofsted oul¢ome at the December 2022 follow-up inspection and are delighted to rqy)rl thai ihe Ofsted r¢port foulld the setting to be outstanding. STRUCTURE, GOVFRNANCE AND MANAGEMENT Governing doeumenl The Charity 1% conirollcd by its governing docunTrent, a d¢ed of trust, and constitu¢e5 a limited company. limited by guarantee, as defined by the Companies Act 2006. Page I

Ventn rcommunit E rl Yearsc R ort of the Trustees for the Year Ended 31 Au SI 2023 REFERENCE AND ADMif41STRATIVE DETAILS Registered Company number 08457584 {EnglaDd and Wales) ReElstered Charlty number 115764J Reglstered offiee 16¢ Sandown Road tAke Isle of Wight P036 9JP Trustees Mrs H M Mc Mullin Early Year Teacher Miss E M L Cougins Carer Ms E L Brown Early Year8 Tea¢her Company Se¢retary Mrs H M Mc Mullin Ipdtpelldent Examlner Selina Powder FMAAT Allegri & Cg. 16c Sandown Road Lake Isle of Wight P036 9JP Approved by order of the board of trustees OD ... . and signed on its behalf by.. Mrs H M Mc Mullin- Trustee Page 2

Inde ct]dent Examiner's Re ort to thc Trustees of Ventnor Communit Earl Years Centre Independent examiner's report to the trustees of Venthor Cotllmunlty Early Ye8rs Centre ('the Company.) I report io the charity trustees on my ¢xan)inaiion ol'ihe accounts of the Company for the year endcd 31 Augu812023. Re5poll$ibilities and basis of report As the charity's trusiees of the Company (and also ils directors for the purpos¢s of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 A¢t'l. Having satisfied ]nyself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Aci and are eligible for independeni examinatio￿ I report in respect of my examinaiion of your charitls accounts a5 carried out under Seciion 145 of the Charitie5 Aci 201 I {'the 201 l Act,). In carrying out my examination I have lollowed the Directions uiven by the Charity Commisston under Section 14515) {bJ of the 2011 Act. Independent exAminer's statement I have cotnpleted my examination. I confm that no matters hav¢ come to my alt¢ntion in eonnection with the examination giving me cau%e to believ¢.. accounting records were not kept in respe¢i of the Cornpany as required by Section 386 of the 2006 Act. or the accounts do not accord with Ih(Ib¢ rerords,. or the accounts do not comply wilh the accountin&tr requirements of Section 396 of the 2006 Act other than any requir¢ment that the accounts give a inje and faiT view which is not a matter CO￿91dered as part of an independent exaTninalion' or Lhe ac¢ounis have noi been prepared in accordance with the methods and principles of the Stal¢ment of ReLommended PTactic¢ for accounting and reporting by charities (applicable to charities preparing their accounts in accordall¢e with the Financial ReportED¥ Standard applicable it) the UK and Republic of Ir¢land IfRS 102)). I have no concerns al￿ have Come across no other ￿￿tter$ in conne¢tion with the examination to which attenlion should be drawn in thts report in order io enable a proper under51anding trf t]ie accounts io be reached. Selina Powder FMAAT The A880¢iation of ACCOL￿ting Technicia Allegri & Co. 16c Sandown Road Lake Isle of Wigbi P036 9JP 15 MAY 2024 Page 3

VenI[￿r CoTn]nunit Earl Years Centr¢ Staiemeni of Financial Activities for the Year Ended 31 Au ust 2023 31.8.23 Total funds 31.8.22 Total Unrestricied fund Restricted funds. Notes INCOME AND ENDOIVMENTS FROM Donations and legacies Cbaritable activities Education and Developm¢llt 147,17S 147.175 202,403 Tot#1 147,175 147,175 202,404 EXPENDITURF, ON Charitsblt aetlvltles Education and Development 188.868 188,868 220,345 NET INCOMEI(EXPENDITURF) (41,693) (41,693) {17,9411 RECONCILIATION OF FUNDS Total funds brought forward 30,867 30,867 48,808 TOTAL FUNDS CARIUED FORWARD (10.826) (10,826) 30,867 The noteq fomi part of these financial statemenLS Poge 4

Ventnor Cominuni Earl Year5 Centre Balance Sheet 31Au usl 2023 31.8.23 Total fllnd$ 31.8.22 Total funds Unrestricted fund Resiricted funds Notes FJXED ASSETS Tangible asset. 1,6SO 1.650 1,949 CURRKNT ASSETS Cash al bank 1,416 1,416 34,142 CREDITORS Amounts falliog due wlihin one year .(13,892) {13,892) {5,224) NET CURRENT ASSETSI{LIABILITIES} (12,4761 (12.476) 28,918 TOTAL ASSETS LESS CURRENT I.IABILITIES {111,826) (111,826) 30,867 NET ASSETS (10.820) 110.820) 30,867 FUNDS Unrestricted funds {10,826) 30.867 TOTAL FUNDS (10,826) 30,867 The chaiitable cornpany is entiUed to exemption from audit under Section 477 of ihe Companies Act 2006 for the year ended 31 August 2023. The members have not required the company io obtain an audit of its financial statements for the year ended 31 August 2023 in accordance uryth Section 476 of the Cornpani¢8 Act 2006. The tnjstees acknowledge their responsibiliti&s for (al ensuring thai the charitsble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs ofthe charitable company as at the end of each financial year and of its surplu8 or deficit for each financial year in accordance with the requirements of Se¢tions 394 and 395 a[￿ w¥ll'ch otherwise comply with the requsrements of the Companies Act 2006 relattng 10 financial staternenis, so far as applicable to the charitable company. Ib) These financial staternenLq have been prepared in accordance with the provisions appli¢able to charitable ¢ompanies subject to the small compallies regitne. The finon¢ial 51aternents were approved by the Board of Trustees and authorised for issue and were signed on ilb behalf by-. on H M Mc Mullin- TnLStee The note8 forni part of th&se financial statements Page 5

Veninor Communi¢ Earl Year5 Centre te to the Financial Statements for the Year Ended 31 Au usl 2023 Accouf4TING POLICIES B4sls of preparlng the fillanelal sl&temenls The financial sialemenLS of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP IFRS 102) 'A¢counling and Reporting by Charities.. Ststetneni of Recommended Praciice applicable to charities preparing their ac¢oun¢s in accordance with the Financial Reporting Standard applicable in the UK and RepubliL of Ireland (FRS 102) leftectEve l January 2019),, rinancial Reporiing Standard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland, and the Companies Act 2006. The fittancial staiem¢nts have been prepared und¢r the htstorical cosi convention. Income All income ib re¢ognised the Siatemeni of Financial Activities once ihe charity hag entitlement to the fi]nds', it is probable (hat the income will be received and the amount can be measured reliably. Expenditure Liabilili¢s are recognised a$ eXpendi￿re as Soon as there is a legal or ¢onstN¢live obligation committing the Gharity io that expenditure, li is probable that a transfer of e¢onomic benefiL8 will be reqllired in settlemeni and the amount of Ihe obligation can be measvred reliably. Expenditure is a¢counted for on an accruals basis and has been cl&88ified under headings that aggre¥ate all ¢05t related to the caiegory. Where costs cannot be directly allribuled to particular headings they have been allocated to activitics on a basis consistent with the u5¢ of resour¢¢s. TaDglblc fixed assets Depreciation is provided at the following annual rates in order io wrile off each asset over its estimated usefvl T#xation The charity is exejnpt from corptsraiion tax on its eharirable activiti¢8. Ftslld accounting Unrestrieied fill)ds ¢an be used in ac¢ordaace with the charitable oi)jectives at the discretioll of the ln￿￿e5. Resiricted funds can only be used for particular reqtri¢ied PUTpose5 Within the objects of the charity. Restrictioj aris¢ when specified by the donor or wh¢ll fiLnds' are raised for particular resiricied pU￿oSe$. Further explanation of the ￿￿re and purptsse of each fund is included in the not¢s to the finaT]cial statemenL8. Hlre purch4$¢ #nd lexslllg cO￿￿tt￿ents Rentals paid under operating leases aT¢ charged to the Statement of Financial Activities on a s(raight line basis over the period of the Iw%. Pen5ROIL costs and other post-retirement beneflts The charital)le company opcrates a defjned coniribution pension scheme. Contributions pa￿ble to the charitable cornpany's pension scheme are Charged to the Statement of Financial Activities in the period io which they relate. Page 6 ontinued...

Ventnor C unli Earl Yea enire Notes io the Financial Sia¢ements- continued for th¢ Year Ended 31 Au u.st 2023 NET INCOMEI(EXPENDITUREI Net incomel{expenditure) is stated after chargin￿(credIti￿,l'. 3J.8.23 31.8.22 Depreciation - owned assets Hire of plant and niachinery Oth¢r operaiing leases 344 289 6,764 237 6,200 TRUSTEES, REMUNERATION AND BENEFITS No tnL4tees received any remuneration or other benefits. for their work as tru8te&% for the year ended 31 August 2022 nor for tlie preceding year. Two of the trustees are ￿1] lime paid employees of the Charity, their reniunerdtion being wholly for their work as employees. Ti'u5tees' expenses There were no 31 August 2022. tn￿{ees, expenses paid for the year ended 31 August 2023 nor for the year ended STAFF COSTS The average n)onthly number of ernploy¢¢s durin8 the year was as follows.. 31.8.23 12 31.8.22 13 Teaching and car¢ staff No etDployee5 received emolLun¢nt8 in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINAP4CIAL ACTIVITIES Unr¢stri¢led fL￿d Restrtcied fijnds Total fimds INCOME AND ENDOWMENTS FROM Donation.% and legacies Charitable activities Education and Development 202,403 202,403 Total 202,404 202,404 EXPENDITURE ON Charltable activltles Education and Development 220,345 220,345 NET INCOMEI(EXPENDITURE) 117,941) 117,941) RF.CONCILIATION OF FUNDS Total fi]ttds brought fonvard 48.808 48,808 TO'fAL FUIYDS CARRIED FORWARD 30.867 30,867 Page 7 continued...

Ventnor Communi Earl Years Cen Notes to the Financial Statem ts- continued for Ihe Year Ended 31 Au ust 2023 TANGIBLE FIXED ASSETS Plant and achinery Compuier equipment Tolals COST At I Sepiember 2022 and 31 August 2023 12,751 726 13,477 DEPRECIATION At I Sept¢mber 2022 Charge for year 10,873 281 655 18 I1￿28 299 At 31 August 2023 11,154 673 11027 NET BOOK VALUE Al 31 August 2023 1,597 53 1,6SO At 31 August 2022 1.878 71 1,949 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 31.8.22 Trade creditors Social security and other taxes Pension Creditor Wages credilor AccNed expenses 622 2,745 611 961 286 10,697 1,948 1,246 13,892 5,224 MOVEMENT Ir4 FUNDS Net movemeni in ￿ndS At 31.8.23 At 1.9.22 U￿reStrIcted f￿ndS General fund 30,867 141,693) (10,826) TOTAL FUNDS 30.867 (41,693) (10,826) Net movement in funds. included in the above are as follows.. Incomit)8 resour¢es Resources expended Moven￿At in funds Unrestricted funds General fund 147,175 {188,868) (41,693) TOTAL FUTrIDS 147,175 (188,868) {41,693) Pag¢ 8 continued...

Ventnor Conununi Earl Years Centre Notes to the Financial StaleJnents- continued for the YeaT Ended 31 Au ust 2023 MOVEMENT IN FUNDS- continued Comparatlves for movemell¢ funds Net movement in funds At 31.8.22 At 1.9.21 Uiirestricted funds General 48,808 117,941) 30,867 TOTAL FUNDS 48.808 {17.941) 30,867 Co￿Parative net rnov¢m¢Jit in fimds, ill¢1L￿ed iu th¢ above are as follows.. Tn¢oming ources Res0￿ree$ expendcd Moven)ent iz] funds Unrestrieted funds General fund 202,404 {220,345} (17,9411 TOTAL FUNDS 202,404 1220.345) {17.941) A ¢urrent year 12 months and prior year 12 n)onths cO￿61[￿d position ffis as followli.. Net moverneni in fund At 31.8.23 At 1.9.21 Unrestrieted funds General ftsnd 48,808 {59,634} (10,826} TOTAL FUNDS 48,808 159,6341 (10.8261 A current year 12 months and prior year 12 months combined net movement in fut￿￿, included in ihe above 8Te as follow8.. Incoming resources Resources expended Movement in fund8 Unrestricted fuDd$ Gejieral fund 349,579 1409,213) (59,634) TOTAL FUNDS 349,579 1409,213) 159,634) Page 9 Continued...

Ventnor Co nit Earl Y¢arsCentre Notes io the Fittancial Statements- continued for the Year E[￿ed 31 Au ust 2023 RELATED PARTY DISCLOSiJRES There were no related party tr￿actionS for the year ended 31 August 2023. Pagc 10

Ventnor ommunii E rl year.s Centre Detsiled Statement of Finan¢ial Activities Year Ended IAU st 2023 31.8.23 31.8.22 Ir4coME AND ENDOWMENTS Donations #nd legacies Gifts Charitable aetlvities Fees Funding Contracts Funding Grants 41,133 106,042 39,598 150,978 11,827 147,175 202.403 Total Incoming resources 147,175 202,404 EXPENDITURE Charit#ble activltles Wages Social 8ecuriry Pensions Hire of plant atth mach2.nery Rent Rates and water Insurance and subscriptions Light and heal Telephone & Broadband Posiage and stationery Free School Meals Vouchers Trip.$ and Activities Classroom equipmen¢ Cleaning and uniforn]s Food and Latering supplies Staff Trainin Wasie Collection ISO,174 6,061 2.625 237 6.200 3.731 S,052 5,16 1,544 67 171,820 2,978 289 6.764 3,491 5,065 8,066 1.556 373 1,845 2,260 3.480 2,601 663 793 889 328 80 1,392 422 1,744 56 184,873 212,733 Support costs Managenient Adverti.%ing 190 Finance Bank charges Paytnent System Charges 93 898 93 1,240 991 1,333 Information technology Repairs and rencwals I,iii 3,951 This page does noi forni part of the statutory financial sialements Pagell

ntnor Commu t Earl Years Centr¢ Deiailed Statement of Financial Activities for the Year Ended 31 Au u¥t 2023 31.8.23 31.8.22 Information technology Other Sundries External Examiner Fees A￿Oll￿tantY and pa)ryoll fees 106 600 887 29 800 965 1,593 1,794 Otber 2 Plani and tnachinery Conyuter equipment 282 18 332 12 300 344 Totsl resources expended 188068 220.345 Net expeDditure {41,693) (17.941) This page does t￿l forn) part of the statutory finanoial sthtement Page 12

REGISTERED COMPAI¥Y NUMBER.. 08457584 (England and Wales) REGISTLRED CHAIUTY NUMBER.. 1157643 ort of t Trnste&s and Unaudiled Financial S ements for the Year Endcd 31 Au ust 2023 Veninor Communit Earl Years Centre Allegri & Co. 16c Sandown Road Lake Isle of Wight P036 9JP

Ventnor Collununit E Tl Years Cen Cont¢nts of the Finallcial Sthiements for the Year Ended 31 Au ugt 2023 Page Report of the Trustees Independent Examiner's Report Statejnent of Financial A¢tivitlG Balance Sheet Noies io ihe Financial Statem¢nts 6 to 10 Detailed State2nent of FiDancial Activities 11 to 12

V¢ntnor Communii Earl Ye entre on of the ftustees for the Year Ended IAU t 2023 The twsiees who are also director8 of ihe eharity for the purposes of the Companies Act 2000. pre.%ent their report Witb the finanLial $￿teMents of the charity for the year ended 31 Augusi 2023. The tn￿tte$ have adopted the provisions of Accounting and Reporting by Cl)arities'. Staieinent of Re¢o]nmended Practice applicable to charities preparing their account￿ in accordance with the Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland (FRS 102) {effeciive l Jat]uary 20191. OBJECTIVES AND ACTIVITIES Objtctive8 and aims To enhatJ¢e the development and education of children primarily ut]der %tatutory schuol age by encourdging parettts to und¢￿thnd and provide for the needs of their children through ¢c>nununity groups and by.. offering appropriate play,education and care facilities and training courbes,logether with the right of parents to take responbibilily for and to b¢¢ome involved in the activities of such groups. ensuring thai such Kroupq offer opportuniti¢s for all children whatever their raee.culture,religic>n,means or ability encou￿gIn¥ the stt￿Y of the needs of .%uch children and their families and promoting public interest in arjd ieco8llition of such needs instiKaling and 8dhering to and furthering the aiEnS and objects of the pre-school learning alliance. Signlfitont activitie5 We rejoice in what wab a laniasli¢ year IOT Ventnor Conimunity Early Years. We slarted the year ¢ollaborating with Planet aware organising and implementing successful rock pooling visits to Bonchurch bea¢li teaching the children about che environment and what we can do to look after it. In October, we started a weekly parent group called 'Sing and Sign,. Parents were invited lo woik alongside their child, in a gTQilP. aimed to promoie ¢ommuni¢ation and language skills. This was regularly attended and had a great impact such as. non-verbal children beginning to sigD. In December, we had ali unannounced Ofsted insp¢¢tion and w¢ie found to be OutslandinK in all areas! This validated our pra¢ii¢e and fvrther served to discredit the previou.% judgment flve months earlier. We also invited families to join their childien a'cakes and ¢arols' afternoon which was exceptionally well alteiided. In March, we had various events ftsr our families %uch as.. ]￿ltIng a local artist in for World Book day. raising awareness of Hydro¢epha]us. and a teddies beaWs picnic at a local conllnunity hub. In April. we were very fortunate 10 receive more toothbrushes and toothpastes from the Southern Cooperative. ThL'S enabled us to Cont￿UC only ternjly oral hygiene statLOn. In May, we studied the life cycle of a butterfly,. Ihe children were able to witncss ¢&teLpillars ClEatiiJg chrysalise¥ and observe the wondemjent of the butterflies emerging before seiiin&7 ihem free. We also celebrated tlJ¢ King?'s coronatioll, by inviting all families for a BBQ lunch to whtch the Mayor atien(kd and gave every child a cominernorative mug fimded by the local lowry] council. In June. we were delighted to be able to rtnally aTmoun¢e ihat we managed to secure a new prernises on the siie of the ocal primary school. This news was po5￿tiVelY received by all phrent￿Carer￿ and everyone was looking foTward (o seeiog ihe new selling. The sun)mer montbs. were spent tirel&%8ly moving all cquipment and resources to create a welcoming environment for the new academic year. Parents gave their free time ta help t]iove fi￿niture up ihe hill in cars and vans. AÈ the end of the sun]rner lioliday5. w¢ offered an open day lo all new and existing familie5 which was a tremendous success. Publle benefit In settll￿? our objectives and planning our actlVLties our Trnstees have given sertous ¢on8ideratLOn to the Charity Conllni55ion's general guidance on public benefit and in particular the advancement of edueatiom. FUTURE PLANS The Tru51ees have been focussed on doing everythitjg p()55ible 10 a¢hieve an improved Ofsted oul¢ome at the December 2022 follow-up inspection and are delighted to rqy)rl thai ihe Ofsted r¢port foulld the setting to be outstanding. STRUCTURE, GOVFRNANCE AND MANAGEMENT Governing doeumenl The Charity 1% conirollcd by its governing docunTrent, a d¢ed of trust, and constitu¢e5 a limited company. limited by guarantee, as defined by the Companies Act 2006. Page I

Ventn rcommunit E rl Yearsc R ort of the Trustees for the Year Ended 31 Au SI 2023 REFERENCE AND ADMif41STRATIVE DETAILS Registered Company number 08457584 {EnglaDd and Wales) ReElstered Charlty number 115764J Reglstered offiee 16¢ Sandown Road tAke Isle of Wight P036 9JP Trustees Mrs H M Mc Mullin Early Year Teacher Miss E M L Cougins Carer Ms E L Brown Early Year8 Tea¢her Company Se¢retary Mrs H M Mc Mullin Ipdtpelldent Examlner Selina Powder FMAAT Allegri & Cg. 16c Sandown Road Lake Isle of Wight P036 9JP Approved by order of the board of trustees OD ... . and signed on its behalf by.. Mrs H M Mc Mullin- Trustee Page 2

Inde ct]dent Examiner's Re ort to thc Trustees of Ventnor Communit Earl Years Centre Independent examiner's report to the trustees of Venthor Cotllmunlty Early Ye8rs Centre ('the Company.) I report io the charity trustees on my ¢xan)inaiion ol'ihe accounts of the Company for the year endcd 31 Augu812023. Re5poll$ibilities and basis of report As the charity's trusiees of the Company (and also ils directors for the purpos¢s of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 A¢t'l. Having satisfied ]nyself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Aci and are eligible for independeni examinatio￿ I report in respect of my examinaiion of your charitls accounts a5 carried out under Seciion 145 of the Charitie5 Aci 201 I {'the 201 l Act,). In carrying out my examination I have lollowed the Directions uiven by the Charity Commisston under Section 14515) {bJ of the 2011 Act. Independent exAminer's statement I have cotnpleted my examination. I confm that no matters hav¢ come to my alt¢ntion in eonnection with the examination giving me cau%e to believ¢.. accounting records were not kept in respe¢i of the Cornpany as required by Section 386 of the 2006 Act. or the accounts do not accord with Ih(Ib¢ rerords,. or the accounts do not comply wilh the accountin&tr requirements of Section 396 of the 2006 Act other than any requir¢ment that the accounts give a inje and faiT view which is not a matter CO￿91dered as part of an independent exaTninalion' or Lhe ac¢ounis have noi been prepared in accordance with the methods and principles of the Stal¢ment of ReLommended PTactic¢ for accounting and reporting by charities (applicable to charities preparing their accounts in accordall¢e with the Financial ReportED¥ Standard applicable it) the UK and Republic of Ir¢land IfRS 102)). I have no concerns al￿ have Come across no other ￿￿tter$ in conne¢tion with the examination to which attenlion should be drawn in thts report in order io enable a proper under51anding trf t]ie accounts io be reached. Selina Powder FMAAT The A880¢iation of ACCOL￿ting Technicia Allegri & Co. 16c Sandown Road Lake Isle of Wigbi P036 9JP 15 MAY 2024 Page 3

VenI[￿r CoTn]nunit Earl Years Centr¢ Staiemeni of Financial Activities for the Year Ended 31 Au ust 2023 31.8.23 Total funds 31.8.22 Total Unrestricied fund Restricted funds. Notes INCOME AND ENDOIVMENTS FROM Donations and legacies Cbaritable activities Education and Developm¢llt 147,17S 147.175 202,403 Tot#1 147,175 147,175 202,404 EXPENDITURF, ON Charitsblt aetlvltles Education and Development 188.868 188,868 220,345 NET INCOMEI(EXPENDITURF) (41,693) (41,693) {17,9411 RECONCILIATION OF FUNDS Total funds brought forward 30,867 30,867 48,808 TOTAL FUNDS CARIUED FORWARD (10.826) (10,826) 30,867 The noteq fomi part of these financial statemenLS Poge 4

Ventnor Cominuni Earl Year5 Centre Balance Sheet 31Au usl 2023 31.8.23 Total fllnd$ 31.8.22 Total funds Unrestricted fund Resiricted funds Notes FJXED ASSETS Tangible asset. 1,6SO 1.650 1,949 CURRKNT ASSETS Cash al bank 1,416 1,416 34,142 CREDITORS Amounts falliog due wlihin one year .(13,892) {13,892) {5,224) NET CURRENT ASSETSI{LIABILITIES} (12,4761 (12.476) 28,918 TOTAL ASSETS LESS CURRENT I.IABILITIES {111,826) (111,826) 30,867 NET ASSETS (10.820) 110.820) 30,867 FUNDS Unrestricted funds {10,826) 30.867 TOTAL FUNDS (10,826) 30,867 The chaiitable cornpany is entiUed to exemption from audit under Section 477 of ihe Companies Act 2006 for the year ended 31 August 2023. The members have not required the company io obtain an audit of its financial statements for the year ended 31 August 2023 in accordance uryth Section 476 of the Cornpani¢8 Act 2006. The tnjstees acknowledge their responsibiliti&s for (al ensuring thai the charitsble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs ofthe charitable company as at the end of each financial year and of its surplu8 or deficit for each financial year in accordance with the requirements of Se¢tions 394 and 395 a[￿ w¥ll'ch otherwise comply with the requsrements of the Companies Act 2006 relattng 10 financial staternenis, so far as applicable to the charitable company. Ib) These financial staternenLq have been prepared in accordance with the provisions appli¢able to charitable ¢ompanies subject to the small compallies regitne. The finon¢ial 51aternents were approved by the Board of Trustees and authorised for issue and were signed on ilb behalf by-. on H M Mc Mullin- TnLStee The note8 forni part of th&se financial statements Page 5

Veninor Communi¢ Earl Year5 Centre te to the Financial Statements for the Year Ended 31 Au usl 2023 Accouf4TING POLICIES B4sls of preparlng the fillanelal sl&temenls The financial sialemenLS of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP IFRS 102) 'A¢counling and Reporting by Charities.. Ststetneni of Recommended Praciice applicable to charities preparing their ac¢oun¢s in accordance with the Financial Reporting Standard applicable in the UK and RepubliL of Ireland (FRS 102) leftectEve l January 2019),, rinancial Reporiing Standard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland, and the Companies Act 2006. The fittancial staiem¢nts have been prepared und¢r the htstorical cosi convention. Income All income ib re¢ognised the Siatemeni of Financial Activities once ihe charity hag entitlement to the fi]nds', it is probable (hat the income will be received and the amount can be measured reliably. Expenditure Liabilili¢s are recognised a$ eXpendi￿re as Soon as there is a legal or ¢onstN¢live obligation committing the Gharity io that expenditure, li is probable that a transfer of e¢onomic benefiL8 will be reqllired in settlemeni and the amount of Ihe obligation can be measvred reliably. Expenditure is a¢counted for on an accruals basis and has been cl&88ified under headings that aggre¥ate all ¢05t related to the caiegory. Where costs cannot be directly allribuled to particular headings they have been allocated to activitics on a basis consistent with the u5¢ of resour¢¢s. TaDglblc fixed assets Depreciation is provided at the following annual rates in order io wrile off each asset over its estimated usefvl T#xation The charity is exejnpt from corptsraiion tax on its eharirable activiti¢8. Ftslld accounting Unrestrieied fill)ds ¢an be used in ac¢ordaace with the charitable oi)jectives at the discretioll of the ln￿￿e5. Resiricted funds can only be used for particular reqtri¢ied PUTpose5 Within the objects of the charity. Restrictioj aris¢ when specified by the donor or wh¢ll fiLnds' are raised for particular resiricied pU￿oSe$. Further explanation of the ￿￿re and purptsse of each fund is included in the not¢s to the finaT]cial statemenL8. Hlre purch4$¢ #nd lexslllg cO￿￿tt￿ents Rentals paid under operating leases aT¢ charged to the Statement of Financial Activities on a s(raight line basis over the period of the Iw%. Pen5ROIL costs and other post-retirement beneflts The charital)le company opcrates a defjned coniribution pension scheme. Contributions pa￿ble to the charitable cornpany's pension scheme are Charged to the Statement of Financial Activities in the period io which they relate. Page 6 ontinued...

Ventnor C unli Earl Yea enire Notes io the Financial Sia¢ements- continued for th¢ Year Ended 31 Au u.st 2023 NET INCOMEI(EXPENDITUREI Net incomel{expenditure) is stated after chargin￿(credIti￿,l'. 3J.8.23 31.8.22 Depreciation - owned assets Hire of plant and niachinery Oth¢r operaiing leases 344 289 6,764 237 6,200 TRUSTEES, REMUNERATION AND BENEFITS No tnL4tees received any remuneration or other benefits. for their work as tru8te&% for the year ended 31 August 2022 nor for tlie preceding year. Two of the trustees are ￿1] lime paid employees of the Charity, their reniunerdtion being wholly for their work as employees. Ti'u5tees' expenses There were no 31 August 2022. tn￿{ees, expenses paid for the year ended 31 August 2023 nor for the year ended STAFF COSTS The average n)onthly number of ernploy¢¢s durin8 the year was as follows.. 31.8.23 12 31.8.22 13 Teaching and car¢ staff No etDployee5 received emolLun¢nt8 in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINAP4CIAL ACTIVITIES Unr¢stri¢led fL￿d Restrtcied fijnds Total fimds INCOME AND ENDOWMENTS FROM Donation.% and legacies Charitable activities Education and Development 202,403 202,403 Total 202,404 202,404 EXPENDITURE ON Charltable activltles Education and Development 220,345 220,345 NET INCOMEI(EXPENDITURE) 117,941) 117,941) RF.CONCILIATION OF FUNDS Total fi]ttds brought fonvard 48.808 48,808 TO'fAL FUIYDS CARRIED FORWARD 30.867 30,867 Page 7 continued...

Ventnor Communi Earl Years Cen Notes to the Financial Statem ts- continued for Ihe Year Ended 31 Au ust 2023 TANGIBLE FIXED ASSETS Plant and achinery Compuier equipment Tolals COST At I Sepiember 2022 and 31 August 2023 12,751 726 13,477 DEPRECIATION At I Sept¢mber 2022 Charge for year 10,873 281 655 18 I1￿28 299 At 31 August 2023 11,154 673 11027 NET BOOK VALUE Al 31 August 2023 1,597 53 1,6SO At 31 August 2022 1.878 71 1,949 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 31.8.22 Trade creditors Social security and other taxes Pension Creditor Wages credilor AccNed expenses 622 2,745 611 961 286 10,697 1,948 1,246 13,892 5,224 MOVEMENT Ir4 FUNDS Net movemeni in ￿ndS At 31.8.23 At 1.9.22 U￿reStrIcted f￿ndS General fund 30,867 141,693) (10,826) TOTAL FUNDS 30.867 (41,693) (10,826) Net movement in funds. included in the above are as follows.. Incomit)8 resour¢es Resources expended Moven￿At in funds Unrestricted funds General fund 147,175 {188,868) (41,693) TOTAL FUTrIDS 147,175 (188,868) {41,693) Pag¢ 8 continued...

Ventnor Conununi Earl Years Centre Notes to the Financial StaleJnents- continued for the YeaT Ended 31 Au ust 2023 MOVEMENT IN FUNDS- continued Comparatlves for movemell¢ funds Net movement in funds At 31.8.22 At 1.9.21 Uiirestricted funds General 48,808 117,941) 30,867 TOTAL FUNDS 48.808 {17.941) 30,867 Co￿Parative net rnov¢m¢Jit in fimds, ill¢1L￿ed iu th¢ above are as follows.. Tn¢oming ources Res0￿ree$ expendcd Moven)ent iz] funds Unrestrieted funds General fund 202,404 {220,345} (17,9411 TOTAL FUNDS 202,404 1220.345) {17.941) A ¢urrent year 12 months and prior year 12 n)onths cO￿61[￿d position ffis as followli.. Net moverneni in fund At 31.8.23 At 1.9.21 Unrestrieted funds General ftsnd 48,808 {59,634} (10,826} TOTAL FUNDS 48,808 159,6341 (10.8261 A current year 12 months and prior year 12 months combined net movement in fut￿￿, included in ihe above 8Te as follow8.. Incoming resources Resources expended Movement in fund8 Unrestricted fuDd$ Gejieral fund 349,579 1409,213) (59,634) TOTAL FUNDS 349,579 1409,213) 159,634) Page 9 Continued...

Ventnor Co nit Earl Y¢arsCentre Notes io the Fittancial Statements- continued for the Year E[￿ed 31 Au ust 2023 RELATED PARTY DISCLOSiJRES There were no related party tr￿actionS for the year ended 31 August 2023. Pagc 10

Ventnor ommunii E rl year.s Centre Detsiled Statement of Finan¢ial Activities Year Ended IAU st 2023 31.8.23 31.8.22 Ir4coME AND ENDOWMENTS Donations #nd legacies Gifts Charitable aetlvities Fees Funding Contracts Funding Grants 41,133 106,042 39,598 150,978 11,827 147,175 202.403 Total Incoming resources 147,175 202,404 EXPENDITURE Charit#ble activltles Wages Social 8ecuriry Pensions Hire of plant atth mach2.nery Rent Rates and water Insurance and subscriptions Light and heal Telephone & Broadband Posiage and stationery Free School Meals Vouchers Trip.$ and Activities Classroom equipmen¢ Cleaning and uniforn]s Food and Latering supplies Staff Trainin Wasie Collection ISO,174 6,061 2.625 237 6.200 3.731 S,052 5,16 1,544 67 171,820 2,978 289 6.764 3,491 5,065 8,066 1.556 373 1,845 2,260 3.480 2,601 663 793 889 328 80 1,392 422 1,744 56 184,873 212,733 Support costs Managenient Adverti.%ing 190 Finance Bank charges Paytnent System Charges 93 898 93 1,240 991 1,333 Information technology Repairs and rencwals I,iii 3,951 This page does noi forni part of the statutory financial sialements Pagell

ntnor Commu t Earl Years Centr¢ Deiailed Statement of Financial Activities for the Year Ended 31 Au u¥t 2023 31.8.23 31.8.22 Information technology Other Sundries External Examiner Fees A￿Oll￿tantY and pa)ryoll fees 106 600 887 29 800 965 1,593 1,794 Otber 2 Plani and tnachinery Conyuter equipment 282 18 332 12 300 344 Totsl resources expended 188068 220.345 Net expeDditure {41,693) (17.941) This page does t￿l forn) part of the statutory finanoial sthtement Page 12