2025 Registered Company No. 07556426 Registered Charity No. 1167296 Padnell Pre-school ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 31 August 2026
Padnell Pre4chool CONTENTS OF THE TRUSTEES REPORT AND ACCOUNTS for the year ended 31 August 2025 Pagels) Legal & administrative details Report of the Trustees (including DItOrS, port) 2to3 Independent Examiner's Rep)rt Stat8ment of Financial Activrties Balance Sheet Notes to the Financial Statements 7t013
Padnell Pr&School LEGAL & ADMINISTRATIVE DEfAILS for the year ended 31 August 2025 Trustees Hannah Shepherd (Chair) Amanda Grayson Diane Kingsbury (Treasurer) Andrew Barker Lisa Kemot Charrty number 1167296 Company number 07556426 Registered ¢)ffice Padnell Avenue Cowplain Waterfooville P08 8DS Bankers National Westminster Bank Independent examiner Rachel Kavanagh FCA Va Zip Accounting 5 Oak Tree Drive Liss Hampshire GU33 7HW
Padnell Pre-school REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI forthe year ended 31 August 2025 The trustees present their annual rep)rt and financial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance the accounting policies set out in Note 1 to the financial statements and comply with the chanvs goveming document. Governance The Pre-school is a charitabl8 company limited by guarantee incorporated in March 2011 and registered as a charity in June 2011. The company was established under a memorandum of association, which established the objects and powers of the charitable company and is govemed under its articles of association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Some trustees I directors receive remuneration for work carried out other than their duties as trustees, in accordance with the articles of association. These services are subject to a written agreement between the individual and the Pre-school, the level of remuneration for these services does not exceed the amount which would customarily be paid for these services, and not more than a minority of trusteesldirectors may be at any time subject to such arrangements. Trustees are elected annualty at the Annual General Meeting. The trustees, who are also the directors for the purpose of company law, vtho seNed during the year and up to the date of signature of the financial statements were.. Hannah Shepherd Amy Mitchell (Resigned on 13 October 2025) Amanda Grayson Di8ne Kingsbury Lana A00d (Resigned on 13 October 2025) Eleanor Waller (Resigned on 13 October 2025) Andrew Barker Lisa Kemot {ApF)ointed on 13 October 2025) Most trustees are already familiar wrth the practical work of the chanty. Trustees are given job descriptions for their role as trustee and complete Safeguarding and Role of Trustee in delivering the EYFS training certificates. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial posrtion of the Pr&School and to enable them to ensure that the financial statements comply with the Companies Act 2006. Budgets are completed annually and updated monthly to take into account all factors affecting income and expendtture. Objectives and prfncipal activities The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age Iwo to rising five by encouraging parents to understsnd and provide for the needs of their children through communty groups. We offer appropriate play, education and care facilrties and family leaming, togethar wrth the right of parents to take responsibilty for and to become involved in the activities of such groups, ensuring that such groups offer opportunrties for all children whatever their race, cutture. religion, means or ability. We encourage the study of the needs of such chitdren and their families and promole public interest in and recognition of such needs in the local areas. We instigate and adhere to the aims and objects of the Early Years Alliance. We have active parent partnerships. involving families of the Pre-school to help organise events throughout the year.
Padnell Pre-school REPORT OF THE TRUSTEES {INCLUDING DIRECTORS. REPORT) (CONTD) for the year ended 31 August 2025 Achievements and perfomiancé A new mud krtchen - Parent donation of initial mud kitchen - Parent volunteers dug and laid foundations and built an overhead wooden weather canopy. Purchase of a second-hand interactive whiteboard. with the help of a parent, was obtained at a very reasonable cost. Working With a local day nursery Setting to offer before and after pre-school care for working parents. Member of staff completed their LAC training. Forest School level two training completed also. Completion by a member of staff for her Early Year Status Training. Therapy dog now established. insured and certrfied for attendance at the pre-school. Ready Steady Listen Event- Three bears workshop: a fundraising event whereby the children were sponsored to read at home, and the sponsor money raised was used to purchase from a catalogue of book8 for the preschool library. Golden ticket day off was introduced and working well. Additional tasks undertaken by two members of staff have been rewarded wrth a monthly bonus %heme. Spanish lessons - Offered to parents for children to learn Spanish once a week. Ikea storage units purchased for organising toy cupboard. Public bonefit The trustees have had regard to the guidance on public benefrt issued by the Charity Commission. Flnanclal review A Reserves Policy is in place to allow funds to sustain the pre-school rf income falls bel expected levels and meet any redundancy obligations or unexpected building maintenance costs. Under the policy the trustees have detemiined that the charty should aim to hold unrestricted cash of no less than £20,000 which equates to about 2 months of salaries. At the period end. the charty held unrestricted cash of £76,391 and therefore the charity is complying with its reserves policy Role play resources were purchased to support our sustainableAvood8n toy curriculum. (Plastic free environMentaVrec1ing learning). Early Years Pupil premium funding received was used to buy resources for the selected children to support their learning and development needs. Our yearly visit to our local age concem with a Chrislmas hamper taken by a selection of children YRS well received. Small company provisions The company has taken advantage of the small companies. exemption in preparing this report. The trustees, report (including directors, report) above was approved by the Board of Trustees. Lisa Kernot (Secretary) Date..
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIDIRECTORS OF Padnell Pr&School for the year ended 31 August 2025 I report to the chanty trustees on my examination of the accounts of Padnell Pre-school (Ihe chartty) for the year ended 31 August 2025 on pages 5 to 13 following. Responsibillties and basis of report As the charitys trustees (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 20( Act and are eligible for independent examination. I report in respect of my examination of your chartys accounts as carried out under section 145 of the Charrties Act 2011 ("the 2011 Act.). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. Ind•p8ndent examinor's statement I hav8 completed my examination. I confimi that no material matters have come to my attention which gives me cause to believe that.. ' accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or • the 8ccounts do not compty with relevant accounting requirements under section 396 of the Comp8nies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independenl examination,. or the accounts have not been prepared in accordance with the Charities SORP {FRS102). I have no concerns and have comè across no other matters in nneth.On wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rachel Kavsnagh FCA Chartered Accountant (ICAEW) Ua Zip Accounting 5 Oak Tree Drive Li8S Hampshire GU33 7HW Date.. 20/3
Padnell Prechool STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025 Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Notes Income: Donations and legacies Income from charrtable adivities Investment income 204,943 10.032 236 3,592 208,535 10,032 236 191,668 16,848 255 Gross income 215,211 3.592 218,803 208,769 Expenditure: Pre-school running costs Sales & training Fundraising Premises costs Administration 168,848 3.515 670 21,121 16,471 3,967 172.815 3,515 670 21.121 16,471 149,721 2,123 140 19,768 13,785 Total expenditure 210,625 3,967 214,592 185,537 Net income before tsx 4,586 (375) 4,211 23,232 Tax payable Net income 4,586 (375) 4,211 23,232 Transfers between funds 17 (279) 279 Net movement in funds 4,307 (96) 4,211 23,232 Reconciliation of funds: Total funds brought ford 17 79.040 79,136 55,904 Total funds carned forward 83.347 83,347 79,136 The notes on pages 7 to 13 fonn part of these financial ststements
Company number: 07556426 Padnell Pre4chool BALANCE SHEET as at 31 August 2025 Notes 2025 2024 Non-current Assets Tangible flxed assets 12 8,303 8,303 7,781 7.781 Current Assets Slocks Debtors Cash at bank and in hand 13 14 788 1.450 76,391 78.629 1,059 2,448 71,449 74,956 Credltors Amounts falling due within one year 15 (3,585) {3,601) Net Current A88ets 75,1)44 71,355 Total Assets less Current Llabllltles 83.347 79,136 Credltors Amounts falling due after more than one year Net A880ts 83.347 79,136 Funds Unrestricted funds Restricted fund8 17 17 83,347 79,040 Total Funds 83.347 79,136 The company was entit to exemption from audit under s4TT of the Companies Act 20C6 relating to small companies. The members have not required the company to obtain an audrt in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for cOmpl'n9 vh the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance wtth the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. lo.151. 16 The financial statements were approved by the Board of Trustees on .......... and we e signed on its behalf by: Diane Kingsbury Director The notes on pages 7 to 13 form part of these financial statemerts
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS for the y68r ended 31 August 2025 ACCOUNTING POLICIES Charty Informatlon Padnell Pre-Sch¢)ol is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Padnell Avenue. Cowplain. Waterlcoville, P08 8DS. a) Basis of preparatlon These accounts have been prepared under the historical cost convention. and in accordance with the Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, with the Chantses Act 2011, and with the Companies Act 2006. The charity constitutes a public benefrt entty as defined by FRS 102. The Charty has taken advantsge of the provisions in the SORP for chartties not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the chanty. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting policies adopted are set out below. b) Golng concorn At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue its operations for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. cl Recognltlon of Income Income is included in the Ststement of Financial Acts'vities (SOFA) when: . the charty becomes entrtled to the resources. it is more likely than not that the trustees will recerve the resources; . the monetsry value can be measured with sufficient reliabilty. d) Offsettlng There has been no offsetting of assets and liabilities or income and expenditure unless required or pemiitted by FRS 102. el Grants and donatlons Grants and donations are only included in the SOFA when the general income recognition criteria are met. n Govemmont grants The charity has received government grants in the reporting period.
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS (CONT'D) for the year ended 31 August 2025 ACCOUNTING POUCIES (CONT'D) g} Income from interest This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. hl LiabS1ity recognitlon Liabilities are recognised where it is more likely than rnt that there is a legal or constructive obligation committing the charty to pay out resources and the amount of the obligation can be measured with reasonable certainty. l) Creditors The charty has creditors which a measured at settlement amounts less any trade discounts. J) Tanglble assets and depr8clation These are caprtalised rf they can be used for more than one year and cost more than £500. They are valued at cosL Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows. Fixtures & Fittings Computer Equipment 10 years straight line 4 years 8traight line k} Stocks Stocks are measured at the lower of cost and estimated selling pri less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bnnging the stocks to their present location and condition. l) Débtors Debtors are measured on initial recognition at settlement amount or amount advanced by the charty. Subsequently they are measured at the cash or other consideration expected to be received. m) Description of funds The unrestricted fund is the accumulated funds from charrtable activities, unrestricted grants and donations, and income from Investments. Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to SP8crfic condrtions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in Note 17 to the financial statements. n) Cash at bank and in hand Cash at bank and hand includes monies deposited in the charity's current and savings bank accounts.
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS {CONT'D) for the year ended 31 August 2025 Donations and 18gacles 2025 2024 General grants provided by govemment Other donations 206.752 1,783 208.535 183,789 7,879 191,668 General grants provKled by govemment relates to funding received for the provision of free ear education for children aged fv40. three and four years. Note 17 gives further details on restricted funding. Income from charftablo actlvltlos 2025 2024 Fees from operating activits'es Fundraising and activities Uniform sales 9,358 234 440 10.032 15,479 1,039 328 16,846 Investment Income 2025 2024 Interest received 238 236 255 255 Analysis of Expenditure Pre4chool runnlng costs 2025 2024 Staff costs Pensions Employer's Nl Consumables and snacks Food vouchers Equipment expensed 150,586 4,539 6,414 10,966 134,045 3,883 2,982 8,029 310 172.815 782 149.721 Sales & training 2025 2024 Unifomi purchases including staff, adjusted for stock Staff training and DBS 779 2.736 3,515 584 1,539 2,123
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS (CONT'D) for the year ended 31 August 2025 Fundralslng 2025 2024 Fundraising costs Event costs 670 670 140 140 Premlses costs 2025 2024 Rent and rates SeNice charges Light and heat Repairs and maintenance Cleaning Garden maintenance 12.642 1,163 1,657 3,061 2,507 91 21,121 10,553 1,493 2,411 2,637 2,450 224 19,768 Admlnlstratlve expenses 2025 2024 Administrative staff costs Advertising Telephone and internet Postsge and stationery Subscriptions Insurance Computer 8xpenses Bank charges Depreciation Bad debts Sundry expenses Independent examinerfs fee 6,550 982 1,053 252 536 2,192 1,060 274 2,525 6,144 1,025 297 741 1,971 539 222 2,063 {149) 850 16,471 133 650 13,785 10
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS (CONT'D) for tho year ended 31 August 2025 10. Staff costs 2025 2024 Salaries and wages sla1 securty costs Pension costs (defined contribution scheme) other employee benefts Total staff costs 159.533 6,414 4,539 142.554 2,982 3,883 170,486 149.419 No employees received employee benefrts (excluding empbyer pension costs) for the reporting period of more than £60,000. Tot81 remuneration of £49,503 (2024.. £45,537) was paid to key management personnel for their services to the charity. Key management personnel includes trustees and senior management. For specrfic amounts paid to trustees, refer to Note 16. 11. Average hoad count During the year the average number of employees was as follows.. 2025 2024 Charrtable activities Governance other 10 10 12. Tanglble flxed assets Flxtures & Fittings Computer Equipment Total Cost At 1 September 2024 Additions Disposals At 31 August 2025 21,204 3,047 1,266 22,470 3,047 24,251 1,266 25.517 Depreciation At 1 September 2024 Charge for the year On disposals At 31 August 2025 14,478 2,208 211 317 14,689 2,525 16,686 528 17,214 Net book value At 31 August 2025 At 31 August 2024 7,565 6,726 738 1,055 8,303 7,781 11
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS ICONT'D) for Ihe year ended 31 August 2025 13. Stocks 2025 2024 Charitable 8Ctwities." Opening Added in period Expensed in period Impaired Closing 1,059 779 (1.050) 605 584 (130) 788 1.059 All stock held is for resale. 14. Debtorn 2025 2024 Trade debtors Prepayments and accrued income Other debtors 1,450 2,448 1,450 Amount8 due after more than one year included above 16. Credltors 2026 2024 Trade creditors Taxalion and social securty Accruals and deferred income Other creditors 1,269 1,443 873 3,585 921 1,842 838 3,601 12
Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS {CONT'D) for the year gnd8d 31 August 2025 16. Trustees and related partles During the year D Kingsbury received remuneration of £6,550 (2024.. £6,144) as an employee of the charity, not for serving as a trustee. such payments are pem)itted by the chartys governing d¢xument. No trustees have incurred expenses for fulfilling their duties that have been reimbursed by the charty. There have been no related paty transactions in the current or prior reporting peri¢xls. 17. Movement in funds At 31 August Incoming 2024 resources Resources expended Transfers At 31 August 2025 Unrestricted funds General fund 79.040 79,040 215,211 215,211 210.825 210.625 279 279 83,347 83.347 Restricted funds Early Years Pupil Premium Disabilty Access Funding 2,682 910 3,592 {3,057} 910 3,967 279 96 279 Total lunds 79,136 218,803 214,592 83,347 At 31 August Incomlng Resour¢ 2023 resources expended Transfer8 At 31 August 2024 Unrestricted funds General fund 55,904 55,904 206,315 2C6,315 183,020 183,020 159 159 79,040 79,040 Restricted funds ' Early Years Pupil Premium Disabilty Access Funding 634 1,820 2,454 (538> 1.979 2,517 96 159 159 96 Total funds 55.904 208,769 185,537 79,136 l. Early Years Pupil Premium (EYPP) funding provides the charty extra funding to support children in achieving the best earfy years outcomes. Disability Access Funding (DAF) is money that childcare providers can use to support children with disabiliti'es or Special edu¢ats"onal needs. These funds are ringfenwd for spending in 8¢cordance with these purposes. 13