REGISTERED COMPANY NUMBER.. CEOO5852 (England and Wales) REGISTERED CHARITY NUMBER: 1164820 [4 Knights Lowe Chartered Accountants & Business Advisers Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Au st 2025 tor South ate Prtrschool Knights Lowe Chartered Accountants Eldo House Kempson Wav Suffolk Busine55 Park Bury St Edmunds Suffolk IP32 7AR dOHs¢eMpsQwèy. &Jffdk&JslnessPark eury StEdmundsrfIr41Py27AR 01284 7013CKI ITrfcoknfightslY£O.k F>
South te Pre-school Contents of the Financial Statements forthe Year Ended 31 Au ust 2025 Page Report ofthe Trustees Independent Examinees Report Statement of Financial Arttvities 8alance Sheet Notes to the Flnanclal Statements 8 to 12 Detailed Statement of Finanoal Activities 13 to 14
Southgate Pre-school rt of the Trustees for th_e_year End_ed 31 Au&ust 2_0_2_5 The trustees present their report with the financial statements of the charity for the year ended 31 Au8lJSt 2025. The trustees have 3dopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepar5ng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJEcfivÉs AND ACTIVITIES Objectives and Aims The charity's principal aims are to enhance the edvcation and development of children undef Statutory school age bv encouraging parents to understand and provide for the needs of their children by offering appropriate play, education and care facilities. Public Benefit The Trustees consider that they have complied with the duty regarding Public Benefit as detailed in Section 4 of the Charities Att. having due regard to guidance published by the Charity Commission. In fulfilling our charttable object, pursuing the activitie5 described in more detail in this report. we provide public benefit. We deliver our objects by encouraging parènts to understand and prowde for the need5 of their children by offering appropriate play. education and care facilities. The right of parents to take responsibility for and become involved in these activitie5 are acknowledged and encouraged and the 8roup offers these opportunities to all child¥en in the local area whatever their race. culture, reli8ion. means or abilÉty. ACHIEVEMENTS AND PERFORMANCE Charitsble Activities The Charitable Incorporated Organisation was set up to take forward the work of è Pre-school that operated as an unincorporated charity (Registered with the Charity Commission 10331441 which is well established in its purpose-built premises. It provides 10 half day sessions and a lunch club on weekdays. The Committee and senior siaff continue to review and update policies. liaising with Suffolk County Council ISCCI to continually develop it5 performance. The Pre-school had an Of5ted inspection in June120251 and we were pleased to be upgraded to 'good" in all areas= quality of education.. behaviour and attitudes- personal development and leadership and management. The report highlighted the 'warm, welcoming and inclusive environment" and the "high expectations stsff have for children's independence. resilience and confidence" Staff are continuing to work on a training and development plan to addre55 areas for improvement including building children's language and communication skills. We receive regular support from the Suffolk County Council Early Year's advisor to improve the setting to the benefit of the children attending. FINANCIAL REVIEW Financial Position The charity receives most of its funding from Early Years grant funding and session fees, however to cover anv temporary shortfall in cash flow that may OC£LSr due to timing of receipts. a moderate balance is retained on bank deposit. The charity has a designated account for redundancy reseNes which is topped up each yèar dependent on staff year's of service. Thi5 is a Separate atcount to cover the costs of staff redundanry should these arise. The Charity's constitution does not convey investment powers: all surplus funds are held in one or more bank deposit accounts. The charity has a separate fundraisin8 accouni where money raised through fvndrai5in8 activities is deposited and in consultation with staff and committee this is used for resources and activitles to benefit all the children. Page I
South te Pre-school Repo.rt o.f.the Trustees for the Year Ended 31 Au ust 2025 5rRUuRE, GOVERNANCE AND MANAGEMENT Governing Document The Charity is a Charilable Incorporated Organisation ICIOI governed according to the Constitution dated 11 th December 2015. It was established to take forward the work of the Unincorporated re8lStered charity number 1164820. The overall management and control of the Pre-school rests with the indiwdual members of the Pre-school's management committee. Committee members are a150 the charity trustee5 of the Pre-school. The Committee meets every h?If-term and requires the presence of at least half of its members to form a quorum. All business is decided by a simple majority. each cor¥Trmittee member having one vote. In the event ol a tie. the Chair has the casting vote. Recruitment and Appointment of New Trustees The Committee Itrusteesl is elected frorrt the charity's membership at each Annual General Meeting and serves for a minimum term of one year. Committee members may be re-eleued for up to maximum of ten years. The Committee comprises a minimum 013 and a maximum of 12. In addition the Committee may co-opt up to 3 further mernber5 who stand until the next AGM. Thefe are currently 4 Committee members Itrusteesl. Voluntary staff The charity benefits from the services provided by volunteers. Voluntary help is noi valued for the purposes of the financial siatements. Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have in place policies addressing the main operational risk areas includin8 health and safety and saleguardinE and they aim to use best pradice in these areas. An appropriate level of insurance is maintained to help mitigate the main financial risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE005852 IEn8land and W31È51 Registered Charity number 1164820 Registered office Steward Road Bury St Edmund5 Suffolk IP33 2PW Trustees S Charlton F Morrish K Conway S Durrell lappointed 20.1.251 Company Secretary Page 2
So4Jthgate Pre-Sch.o Report of_the Trvstees forthe Year Ended 31 August 2025 REFERENCE AND ADMINISTrATIVE DETAILS Independent Examiner J. Knights ACA. Bsc Knights Lowe Chartered Accout)tants Eldo House Kempson Way Suffolk 8usiness Park Bury St Edmunds Suffolk IP32 7AR Thi5 report ha5 been prepared in accordance with the special provisions of Part IS of the Companies Art 2006 relating to small companies. Approved by order of the board of trustee5 on . and signed on its behalf by..: S Charlton- Trustee Page 3
Indepen_dent_Examinerfs Re ort to theTrustees of soUthe Pr&Sthool Independent Èxaminees report to the trustees of Southgate Ph0O1 {*he Companrfl I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its dirertors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the reqLbirement5 of the Companies Att 21)061'the 2006 Art'l. Having satisfied myself that the accounts of the Company are not required ro be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Sertion 145 of the Charities Act 20111.the 2011 Art'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515) Ibl of the 2011 Act. Independent examinees statement I have completed my examinarion. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records wefe not kept iTr respect of the Company as required by Section 386 of the 2006 Art,. or the accounts do not accord with those records- or the acContS do not comply with the accounting requirement5 of Sertion 396 of the 2006 Aet other than anv requirement that the accounts give a true and lair vtew which 15 nol a matter considered as part of an independent examination- or the account5 have noi been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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 account5 to be reached. J. Knights ACA, &Sc Knights Lowe Chaliered Accountants Eldo House Kempson Wav Suffolk 8usiness Park Bury St Edmunds Suffolk IP32 7AR Date:............................................. Page 4
SO_lrthte_Pye-Sthool Statement of Financial Activities for the Year Ended 31 Au&ust 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Note5 INCOME AND ENDOWMENTS FROM Charitable artivitles Operation of pre-school 210.572 210.572 218,274 Other trading activities Investment income 1.002 1,002 148 119 Total 211.722 211.722 219,237 EXPENDITURE ON Raising funds 291 Charitable activities Operation of pre-school 209.583 209.583 198,678 Total 210.070 210,070 198,969 NEYINCOME 1.652 1.652 20,268 RECONCILIATION OF FUNDS Total funds brought forward 44.073 44.073 23,805 TOTAL FUNDS CARRIED FORWARD 45.725 45.72S 44.073 The notes form part of these financial statements Page 5
SoLrth te Pre-school Balance Sheet 31Au ust 2025 2025 Total funds 2024 Total funds Unrestricted fund Restritted fund Notes FIXED ASSErs Tangible assets 1.412 1.412 1,996 CURRENT A55Ers Stocks Debtors Cash at bank 401 1,833 48.339 401 1,833 48.339 352 1,442 46.465 io 50.573 50.573 48.259 CREDITORS Amounts falling due within one year li (6.260) 16.2601 16.1821 NET CURRENT ASSETS 44.313 44.313 42.077 TOTAL ASSETS LESS CURRENT UABILITIES 45.725 45.725 44,073 NET ASSETS 45,725 45.725 44.073 FUNDS Unrestricted fund5 12 45.725 44,073 TOTALFUNDS 45.725 44,073 The charitable company is entitled to exemption from audit under Settion 477 of the Companies Act 2CM)6 for the year ended 31 August 2025. The members have not required the company to obtain an audit of it5 financial statements for the year ended 31 August 2025 in accordance with Section 476 01 the Companies Act 2(%J6. The trustees acknowledge their responsibilities for ensuring that the charit3ble company keeps accounting records that comply with Sections 386 and 387 of the Cornpanies Aci 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficir for each financial year in accordance with the requirements of Sections 394 and 395 arhd which otherwise Comply with the requirewnents of the Companies Act 2006 relatin8 to financial statements, so faras applicable to the charitable companv. Ibl The notes form part of these financièl statements Page 6 continued...
Southgate Pr&School Balance Sheet- continued 3_1_August 2025 These financial st3tements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on £i. and were signed on its bÈhalf by= S Charlton- frustee The notes form part of these financial statements Page 7
Southgate Prè-school Notes to the Financi31 Statements forthe Year Ended 31 Au ust 2025 ACCOUNTING POLICIES Basis of preparin8 the financial 5taternents The financial statements of the charitable company, which is a publie benef1t entity under FRS 102, have been prep3rèd in accordance with the Chaflties SORP IFRS 1021 'Accounting and Reporting by Charilies.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance wittri the Financial Reportin8 Standard applicable in the UK and Aepublic of Ireland IFRS 1021 (effective I january 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Att 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activtties once the charity has entitlernent to the fund5. It s probable that the income Wbll be received and the amcHJnt can be measured reliably. Expenditure Liabilities are recognised as expend¥ture as soon as there is a legal or construrtive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and rhe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partiCLslar headings they have been allocated to activities on a basis consistent with the use of resour5. Tangible fixed assets Depreciation is prowded at the following annual rates in order to write off each asset over its estimated useful Improvements to Property 4 years straight line Fixtures and Fittines 4 years straight line Computer Equipment 3 years StfaiÉht line stocks Stocks are valued at the lower of cost anLI net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from cortK)ration tax on its charitablè activities. Fund accounting Unrestricred funds can be used in accordance with the charitable objectives at the discrètion of the trustees. Restricted funds tan only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the natuie and purpose of each fund is inclvded in thè notes to the financial statements. Pension ¢osts and othei post-retirement benefits The charitable company operates a defined contribution pension scheme. Contribution5 payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Going concern The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable futttre. Thus ihey continue to adopt the going concern basi5 of accounting in preparing the annual financial statements. Page 8 continued.
South ate Pre-school Notes to the Finanoal Statements- (ontinued for the Year Ended 31 August 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundfaising events 1.002 INVESTMENT INCOME 2025 2024 Deposit account interest 119 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is stated after Chargin1(edit1n8l- 2025 2024 Depreciation- owned assets 1.234 1,133 TRUSTEES. REMUNERAMON AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 Augusi 2024. Trustees. expense5 There were no trustee5' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. STAFF COSTS The average monthly number of Èmployees during the year was as follows: 2025 io 2024 li Teachingl Administration No employees received emoluments in excess of £60,(KQ. GUARANTEES AND SECURED DEBTS The trustee5 confirm. in accordance with the Charitable Incorporated Organisations (Generall Regulations 2012. that at year end the CIO did not have any outstanding guarantees to thtrd parties nor any debts secured on assets ol the CIO. PaEe 9 continued...
So.uthgate Prevschool Notes to the Financial Statements. continued forthe Year Ended 31 Au ust 2025 TANGIBLE FIXED ASSErs Improvements Fixtures and fittinBS Computei equipment property Totals COST At I September 2024 AdditlOn5 Corrertion 3.050 1,046 650 3,010 4.101 650 3.010 At 31 August 2025 3.050 4.706 7,761 DEPRECIAYION At I September 2024 Charge for year Correction 732 471 3,010 2.105 1.234 3.010 763 At 31 Augusi 2025 2,131 4,213 6,349 NBOoKVALUE At 31 August 2025 919 493 1.412 At 31 AuEilSt 2024 1.682 314 1.996 sfocKS 2025 2024 Stocks 401 352 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments 1,833 1,442 Page 10 continued...
South ate Pre-school Notes to the Financial Statements- continued forthe Year End_ed 31 August 2025 li. CREDITORS.. AMOUNTS FALLING DUE wrtHIN ONE YEAR 2025 2024 Trade creditors Socia1 security and other taxes Other creditors Accruals and deferred income 932 2,532 2,796 905 2.099 128 3.050 6,260 6,182 12. MOVEMENT IN FUNDS Net movement in fund5 At 31.8.25 At 1.9.24 Unrestricted funds General fund 44.073 1.652 45,725 TOTAL FUNDS 44,073 1,652 45,725 Net movement in funds. included in the above are as follows- Incoming resources Re50urce5 expended Movement in funds Unrestrirted fund5 General fund 211,722 {210.0701 1,6S2 TOTAL FUNDS 211.722 1210,0701 1,652 Comparatives for movement in funds Net movement in funds At 31.8.24 At 1.9.23 Unre5trirted funds General fund 23.805 20.268 44,073 TOTAL FUNDS 23,805 20,268 44.073 Page 11 continued...
Southgate Pre-Schts)I Notes to the Frnancial Ststemerrts- ¢ontinued for the Year Ended 31 Au st 2025 12. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the aLN)ve are as follows-. Incoming sources Resources expended Movement in funds Unrestricted funds General fund 219.237 1198.9691 20.268 TOTAL FUNDS 219,237 1198,9691 20,268 A current year 12 months and prior year 12 months combined position is a5 follows= Net movement in funds At 31.8.25 At 1.9.23 Unre5trirted funds General fund 23,805 21,920 45,725 TOTAL FUNDS 23.805 21.920 45.725 A current year 12 months and prior year 12 rnonth5 combined net movemènt in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 430.959 1409.0391 21.920 TOTAL FUNDS 430.959 1409.0391 21,920 13. RELATED PARTY DISCLOSURES There were no related party transactions for the yeai ended 31 August 2025. Page 12
South ate Pre-5¢hool Detsiled Ststement ol Financial Artivities lor the Year Ended_31 August 2025 2025 2024 INCOME AND ENDOWME Other trading activtties Fundraising events 1.002 Investment income Deposit account tnterest 119 Charitable artivities Pre-school Fees Sales ol Clothing Funding & Grants 18.463 181 191.928 2S,553 290 192,431 210.572 218,274 Totsl incoming resources 211.722 219.237 EXPENDITURE Other trading activities Openine stock Purchase of Unsforms Closing stock 352 536 {4011 376 267 13521 291 Charitable activitiès Wages Social securitv Pensions Teaching & Playing Equipment Children's entertaining Groceries & Catering Staff Training and Courses 156,827 3.435 146.849 3,784 3,994 9,333 1,040 1,471 862 8.516 1.113 856 623 174,774 167.333 Supportcosts Management Rates & SeNice Charges Insurance Light and heat Telephone P05t8ge. Printing & Stationery Computer EKpen5e5 Sundries Carried forward 7.154 956 3.635 3.056 1.244 520 1,828 18.393 1.100 3.384 3,297 653 1,360 19.522 This pa8e does not form part of the statutory financial statements Page 13
SoLrth te Pre-school Detslled Statement of Flnanclal Acthiitles for the Year Ended 31 Au ust 2025 2025 2024 Mana8ement Brought fonvard Repairs & Maintenance Staff Welfare and Uniforms Agency work Cleaning Contract and Costs 19,522 1,527 124 18,393 190 302 1.222 4,633 5.756 26.929 24,740 Other Fixtures and fittings Computer equipment 763 471 763 370 1.234 1.133 Governance costs Accountancy fees Legal and Professional Fees Subscriptions & Licenses 2,680 3.064 902 2,870 1.260 1.342 6.646 5,472 Total resources expended 210,070 198,969 Net income 1.652 20,268 This page does not form part of the statutory financial statements Page 14