## Ventnor Community Early Years Centre Ltd 

## Trustee Report 

## - 2023 2024 

This year started with us opening at our new site at St Francis Primary school. We were still cautious but optimistic of a brighter financial future. We left behind a damp, cold, expensive and decaying building and now reside in a maintained, modern space; our overheads have dramatically reduced as we are no longer responsible for separate utility bills and building maintenance. Our new lease includes electric, water, gas and upkeep of the facilities. 

Our landlord ensured our new space was freshly decorated, and they supplied extra fencing, and hard flooring to make it suitable for nursery. 

In October 2023 we took the decision to purchase a training accreditation to promote high quality Early Years education and care. The Curiosity Approach provides monthly team gatherings for continuous professional development. We have covered a range of topic such as: Freedom to move, Outdoor play, Rhythms and Rituals. These opportunities ensure all staff feel included and are able to contribute to our overarching ethos and vision. 

We were conscience of our outgoings and therefore relied upon donations for new resources. The local school generously donated a large supply of powder paint which was surplus to their needs, and enabled our children to have access to paint every day. Many hours were dedicated to scouring free selling sites, car boot sales, and charity shops to find cheap and free items to enhance our offering. 

Once we reached the 2024 summer term our numbers of children on roll increased and therefore, financially, we were 



able to meet our outgoings. This provided stability for staff and children and a bright future beckoned. 

Sincerely, 

Helen McMullin 



REGISTERED COMP.4NY NUNIBER: 084.57584 (England and Wales)
REGISTERED CHARITY NIJI￿1BER. 1157643
Re ort of'th Trustees and
Unaudited Financial Statements for the Yvar Ended 31 Au
ust ?024
for
Ventnor Communi
Earl Years Centre
Allegri & Co.
16c Sandown Road
Lake
Isle of IlIighi
P036 9JP

Ventnor Communi
ars Cenire
ents of
e Financial Statements
for the Year Ended 31 Au
ust 2024
Page
Report of the Trustees
Independent Examinels Rewrt
Statemenl of Financial Activities
Balance Sheet
Notes lo the Financial Statements
6 lo 10
Deiailed Statement of Financial Activities

Ventnorcommuni
s Centre
Re ort of the Trnslees
tor the Year En
ed31 Au
ust 2024
The INslees who are also directors of the Charity for the purposes of the Compa])ies Act 2006, present their report with
the financial siatemenis of the charity for the year ended 31 August 20?4. The Iruslees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
ac¢ounis in accordance ivith ihe Financial Reporting Standard applicable li) the UK and Republi¢ of Ireland {FRS 102)
(effective l January 2019).
OWECTIVES AND AcfiviTIES
Objeclives and aims
To enhance the development and education of children primarily under slaiulory school age by encouraging parents lo
understand and provide for the needs of their children through coinmuniry groups and by=
offering appropriate play,education and care facilities and trainin&F ¢ourses.togeiher with the right of parents to take
responsibilill, for and lo become involved in ihe aclivilies of such groups, ensuring ihat such groups offer opportunities
for all children whatever their race,cultur¢,religion.means or ability
en¢ouraging the study of the needs ot. such children and their families and promoting public inierest in and recognilion
of such needs
instigating and adhering lo and furthering the aims and objecls ot'ihe pre-school learning alliance.
Significant aclivities
This year marks an exciting new chapter for Ventnor Community Early Years. After a very busy summer holidays
packing. moving and settin¥ up our new classrooms il was lime to commence the academic year. In Seplember we
opened our new premises to our wonderful children and lamilies at St Francis Primary Academy.
The enviTonment is truly outstanding and we feel extremely fortunate to have secured a modern putw)se built space
leaving behind a cold, damp and costly building.
By October li felt like home and the children were thriving, we particularly appreciated the undert1￿r heating which
kept us wami and the ouidwr canopy which keeps us dry, so we can play outside in all weathers. We felt a strong desire
to further improve our praclice and extend our knowledge and decided lo join the Curiosity Approach Accredilation.
Once complele we will become the first setting on ihe Isle of Wight with this status.
In December we celebrated Chrisimas with an ouidoor winter wonderland afternoon. We inviled children and families to
ome ￿¥t1her and ei)joy a warining BBQ, hol chocolates, craft activities, music & dancing and of course a visit from
Father Christmas. This was planned for afterschool to enable us to come together as a community and older siblings
from the schMI could participaie.
In March we celebrated World Book Day and our theme was the Gruffalo. The children helped ¢reate a Gruffalo feast of
Owl ice-cream and Gruffalo crumble. This was a rich learning experien¢e for the children which promoted Literacy.
In June as we embarked on the last Half-Tem) of the year our school leavers were invited to visit the Reception Class on
daily basis. This was an exceplional transition for the children and Ihey became very familiar with the school
environment and new teachers. In addition we also studied the lifecycle of a burtertly and enjoyed outside waler play.
In Julv we orgyanised a games moming where we played traditional games such as sack racing and egg & spoon races.
The children also benefited fron) a teddy bears picnic in the school woodland and a party. Our school leavers and
parents were invited io a soft play activity centre io end the year.
Our school leavers were presented with an individual handmade bear to treasure as a reminder of their lime wilh us.
This was a challenging year for staff as one member required a 6 month leave due lo poor mental health and another a
period of time for bereavement leave due lo losing a parent. The tean) pulled together and we were siill able to ofter an
amazing early years experience for the children.
Public benefit
In setting our objectives and planning our activities our Trnstees have given serious wnsideralion lo the Charity
Cominission's general guidance on publi¢ benefit 2nd in particular the advancemenl of education.
Page I

Ventnor Communi
Earl Years Centre
ort of th Trustees
f rth YearEn
d31Au
024
FUTURE PLANS
The Trustees have been focussed on doing everything possible to achieve an impn)ved Ofsled outcome ai the December
2022 follow-up inspeclion and are delighted to report Ihai the Of51ed report found the setting lo be outstsnding.
STRucfuRE, GOVERIYANCE AND MANAGEMENT
GoveTning document
The ¢harity is controlled by ils governing documenl, a deed of tnlsl, and conslitules a limited company, limited by
guarantee, as defined by ihe Companies Act 2006.
REFEREYCE AND ADMINisfRATIVE DETAILS
Registered Company number
08457584 (England and Wales)
Registered Charity number
1157643
Registered office
16c Sandown Road
Lake
Isle of Wight
P036 9JP
Trustees
H M Me Mullin Early Year Teacher
Miss E M L Cousins Carer
Ms E L Brown Early Years Teacher
Mrs S Adams Director {apw)inted 1.6.24)
Company Secretsry
Mrs H M Mc Mullin
Independent Examiner
Selina Powder FMAAT
Allegri & C.0.
16c Sandown Road
Lake
Isle of Wighi
P036 9JP
Approved by orderof the board of trustees on ...12...Q)....AJ................... and signed on its behalf by:
Mrs H M Mc Mullin- Trustee
Page 2

Inde
endent Ex
minerfs Re
ort io the Trustee
Venlnor Communit Earl Year5 Centre
Independent examiner's report to the trustees of Ventnor Community Early Years Centre ('thÈ Company,)
I report to the charity lrnslees on my examination of Ihe accounts of the Company for the )'ear ended 31 Augiusi 2024.
Responsibilities and b4sis of report
As ihe charity's trustees of the Company (and also its direclors for Ihe purposes of Company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 20061'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 e.xaminaiion of your charity's accounts as carried
out under Section 145 of the Charities Aci 2011 ('Ihe 2011 Act,). In carying out my examination I have followed the
Directions given by the Charity Commission under Sedion 145(5) {bl of the 2011 A￿.
Independent examiner's statement
I have compleied my exRminalion. I confimi that no matters have come lo my atlenlion in connection with ihe
examination giving me ¢ause lo believe:
accounting records were not kepl in respecl of the Coinpany as ￿quired by Section 386 of the 2006 Act. or
the accounis do not accord with those records: or
Ihe acLounls do not comply with the aLcounting requirements of Section J96 of ihe 2006 Act other than any
requiremeni that the accounts give a true and fair view which is not a matter considered as part of an independent
examination- or
Ihe accounts have not been prepared in accordance with ihe methods and principles of the Sialeinent of
Recommended Prdctice for acLounting and reporting by charilies {applicable to charities preparing their accounls
in accordance with the Financial Reporting SLgndard applicable in the U K and Republic of Ireland (FRS I O?)).
I have no concerns and have come across no other matters in coiineclion with the examination lo which attention should
be dram'n in this report in order lo enable a proper understanding of the accounts to be reached.
Selina Powder FMAAT
The Associaiion of Accounling Technicians
Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
P036 9JP
Date..
..1.2. MAY.20Z5..........
Page 3

Venmor Communi
Earl Years Centre
Statement of Financial Activilies
for the Year Ended 31 A
USI 2024
31.8.24
Tolal
funds
31.8.2i
Total
funds
Unrestricted
fund
Resiricted
funds
Noies
INCOME AND ENDOWMENTS FROM
Donaiions and legacies
Charitable activities
Education and Development
162,703
162,703
147,175
Total
162,704
162,704
147,175
EXPENDITURE OIY
Charitable actii'ities
Education and Development
154JlS
1$4J15
188,868
NET INCOMEI(EXPENDITURL)
8J89
8J89
141,693)
RECONCILIATION OF FUNDS
Total funds broughi forward
(10,826)
(10,826)
30,867
TOTAL FUNDS CARRIED FORWARD
{2,437)
(2,437)
110.826)
The notes fomi part of these financial statemenls
Page 4

Venin Communit Earl Years C ntre
Balance Sheet
31 Au
ust 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrestricted
fund
Resiricted
funds
Notes
FIXED ASSETS
Tangible assets
lJ97
lJ97
1,650
CURRENT ASSETS
Cash at bank
493
493
1.416
CREDITORS
Amounls falling due within one year
(4J27)
(4J27)
{13.892)
NET CURRENT ASSETS/(LIABILITIES)
(3,834)
(3,834)
112,476)
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,437)
(2,437)
(10,8261
NET ASSETSI(LIABILITIES)
(2,437)
{2,437)
(10,8261
FUNDS
UnresiriLted funds
(2,437)
(10,8261
TOTAL FUNDS
(2,437)
{10,8261
The charilable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2024.
The members have not required the company lo obtain an audit of its financial statements for ihe year ended
31 August 2024 in accordance with Seciion 476 of ihe Companies Aci 2006.
The trustees acknowledge their responsibilities for
la)
ensuring thai the charilable coinpany keeps accountin¥ records ihai comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial stAtements which ¥ive a true and fair view of the stale of affairs of the charilable company as
at Ihe end of ea¢h financial yexr and of its surplus or deficit for each financial year in accordanee with the
requirements of Sections 394 and 395 and which oiherwise comply with the requiretnents of the Companies Act
2006 relating to financial statements, so far as applicable lo the charitable company.
(b)
These financial slalemenls have been prepared in accordance with the provisions applicable lo charitable companies
subject to the small compaiiies regime.
The financial slatemenls were approved by the Board of Trustees and authorised for issue
and were signed on its behalf by..
on
H M Mc Mullin- Truslee
The notes fomi part of these financi21 statements
Page 5

V nlnor C
mmuni
Earl Years Cei)Ir
Notes lo the Financixl Statements
for the Year Elided 31 Au
sl ?024
ACCOUNTING POLICIES
B*sis of preparing the fjnancial statements
The financial stalements of the chariiable company. which is a public benefii entity under FRS 102, have been
prepared in a¢cordance with the Charities SORP IFRS 102) 'A¢countin¥ and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102) letTective l January 2019),,
Financial Re￿rtIng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act ?006. The financial statements have been prepared under the hislorical ¢ost
convention.
Income
All income is recognised in the Sialement of Financial Activities once the charity has enlitlement to the funds. it
is probable that Ihe income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised &% expenditure as soon as there is a legal or constructive obligalion cominitting the
charity lo that expenditure, it is probable ihat a transfer of economic benefits will be required in settlement and
the amount of Ihe obligalion can be measured reliably. Expenditure is accounted for on an a¢¢ruals basis a]Id has
been elassified under headin(ys that aggFregate all cosl related to the category. Where costs cannot be directly
allribuied to particular headings they havc been allocated lo activities on a basis ¢onsistenl wilh the use of
resources.
Tangible fixed assets
Depreciation is provided al the following annual rdtes in order to write off each asset over its estimated useful
life.
Taxation
The charity is exempt froin c4)rporation tax on its charitable aaivities.
Fund aceounting
Unresiricted funds can be used in accordance with the charilable objectives at the discretion of the irustees.
Restricted funds can only be used for particular restricted purposes within the objects of ihe charity. Restrictions
arise when specitied by the donor or when funds are raised for particular restricted purposes.
Further explanation of the rbalure aT]d purpose of each fund is included in the noles lo the financial slatemenls.
Hire purchase and leasing commitments
Rentals paid under operating le&ses are charged to the Statement of Financial Aciivities on a straight line basis
over the period of the lease.
Pension costs and other post-retirement beDefJts
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
¢ompany's pension scheme are charged lo ihe Statement of Financial Activities in the period to which they relate.
Page 6
Continued...

Ventnor Conimunit Earl Years Centr¢
Notes to the Financial Stateinenls - continued
rthey arEnded31 Au
usi2
24
NET INCOME/(EXPENDITURE)
Net income/lexpenditure} is Stated after chargingllcrediling):
31.8.24
31.8.23
Deprecialion - owned assets
Hire of plant and machinery
Other operating leases
253
299
237
6,200
9,999
TRUSTEES, REMUNERATION AND BEINEFITS
No trnst¢¢s received any remuneration or other benefits for their work as trustees for the year ended 31 August
2024 nor for the preceding year. Two of the truslees are full time paid emplo)'ees of Ihe Charity, their
remunerdlion being wholly for their work as employees.
Trustees, expenses
There were no
31 Augusl ?023.
Irusiees, expenses paid for the year ended 31 August 2024 nor for Ihe year ended
STAFF COSTS
The average monthly number of employees during the year w&8 as follows:
31.8.24
31.8.23
12
Teaching and care staff
No employees received emoluments in excess of £60,000.
COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricied
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Education and Development
147.175
147,175
EXPEIYDITURE O
Choritsble activities
Education and Development
188.868
188,868
NET INCOMEI(EXPENDITURE}
(41,693)
(41,693)
RECONCILIATION OF FUNDS
Toial funds brought forward
30,867
30,867
TOTAL FUNDS CARRIED FORWARD
{10,8?6)
(10,826)
Page 7
continued...

Ventnor
mmunil Earl Ycars Centre
Noles lo the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
TANGIBLE FIXED ASSETS
Planl and
machinery
Computer
equipment
Totals
COST
Ai I September 2023 and 31 August 2024
12,751
726
13,477
DEPRECIATION
At I September 2023
Charge for year
11,1.54
240
673
13
IlJ27
253
At 31 August 2024
IlJ94
686
12,080
NET BOOK VALUE
At 31 August 2024
lJ57
40
lJ97
AI 31 ALtgust 2023
1,597
53
1,650
CREDITORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR
31.8.24
31.8.23
Social security and oiher taxes
Pension Creditor
Wages creditor
Accrued expenses
1,571
278
961
286
10,697
1.948
2,478
4J27
li,892
MOVEMENT IN FUNDS
Net
movement
in funds
Ai
31.8.24
Ai 1.9.23
Unrestricted funds
General furkd
(10,826)
8J89
(2,437)
TOTAL FUNDS
(IOW26)
8J89
(2,437)
Nd movement in funds, included in the al)ove are as follows..
Incoming
resources
Resources
e¥pended
Movemeni
in funds
Unrestricted funds
General fund
162,704
(154J15)
8J89
TOTAL FUIYDS
162,704
(154J15)
8J89
Page 8
continued...

Venthor Communil Earl Years Centre
Notes to the Financial Sialements - continued
forthe Yrar Ended 31 Au
ust 20?4
MOVEMENT IN FUNDS- continued
Compar2tive$ for movetnent in funds
Nel
movement
in funds
At
31.8.23
At 1.9.22
Unrestricted funds
General fund
30,867
141,693)
(10,826)
TOTAL FUNDS
30,867
{41,693)
{10.8261
Comparative net movement in thnds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
147,175
1188,868)
(41,693)
TOTAL FUNDS
147,175
1188,868)
{41,693)
A current year 12 monihs and prior year 12 months combined position is &$ follows:
Nel
movement
in funds
At
31.8.24
Ai 1.9.22
UDrestrieted funds
General fund
30,867
(33,304)
(2,437)
TOTAL FUNDS
{33.304)
(2,4371
A curreni year 12 monihs and prior year 12 months combined net movement in funds, included in the above are
as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
309,879
(343.183)
(33,304)
TOTAL FUNDS
309.879
{343,183)
(33,304)
Page 9
onlinued...

Ventn r Communit Earl Years Centre
Notes to the Financial Statements- continued
forthe Year Ended 31 Au
ust 20?4
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended J l Au¥usi 2024.
Page 10

iitnor Communi
Earl Years Centre
Detailed Stalemenl of Financial Activities
for the Year Ende
31Au
usl 2024
31.8.24
31.8.23
11¥4COME AND ENDOWIMENTS
DonAtion$ and legacies
Gifis
Charitable activities
Fees
Funding Contracts
36,112
126,591
41,133
106.042
162,703
147,175
Totsl incoming resources
162,704
147,175
EXPENDITURE
Ch4ritable activities
Wages
Social security
Pensions
Hire of plant and machinery
Renl
Rates and water
Insurance and subscripiions
Light and heal
Telephone & Broadband
Postage and stationery
Trips and Activities
Classroom equipment
Cleaning and unifomis
Food and catering supplies
Staff Training
Wasle Collection
116,647
2,096
2,047
150,174
6.061
2,625
237
6,200
3,731
5,052
5,160
1,544
67
328
80
1,392
422
1,744
56
9,999
2,797
4,878
231
333
239
725
390
7295
,843
538
150,058
184,873
Support costs
Finance
B￿k charges
Payment System Charges
84
1,032
93
898
1,116
991
lllformation technology
Repairs and renewals
1246
Other
Sundries
CatTied fO￿ard
21
21
106
106
This page does not form part of the statutory financial statemenis
Pagell

Venlnor Cominuni
E l Years Centre
Delailed Siatemeni of Financial Activities
for ihe Year Ended 31 Au
ust 2024
31.8.24
31.8.23
Other
Brought forward
Exlemal Examiner Fees
Accounlancy and payroll fee5
21
106
600
887
853
874
1,593
Other 2
Planl and machinery
Compuler equipment
240
13
282
18
300
Governance costs
Legal fees
768
Total resources expended
154J15
188,868
Net ineome/(txpenditure)
8J89
41.693)
This page doe5 noi forni part of the slalulory financial slaiements
Page 12

Inde
endent Ex
Ventn r Communi
inerfs Re
rt to the Trustees of
Earl Years Centre
Independent examiner's report to the trustees of Venthor Community Earty Years Centre ('the Company,)
I report to the charity trustee5 on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities 2nd basis of report
As the charity's trustees of the Company (and also its directors for the puttx)ses of company law) you are responsible for
the prepardlion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 A¢t').
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 independeni examination. I re￿rt in respect of tny examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 (%h¢ 201 l ACV). In carrying out my examination I have followed the
Directions given by the Cbarity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statetnellt
I have completed my examination. I confirn) that no matters have come to my attention in connection with the
examination giving rn¢ Cause to believe:
accounting records were not kept in respecl of the Company &$ required by Section 386 of the 2006 Act; or
the accounts do not accord with those records. or
the accounts do not comply with the aCco[￿ting requirements of Section 396 of the 2006 Acl other than any
requirement that the accounts give a trne and fair view which is not a matter considered &8 part of an independent
examination- or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Prdctice for accounting and reEM)rting by charities (applicable to charities prepartng their ac￿untS
in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concems and have ￿me 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 acwunts to be reached.
Selina Powder FMAAT
The Association of Accounting Technicians
Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
P036 9JP
Date..
1..2. MAY.2Q25..........
Page 3