Shepherd's Spring Pre-school Nursery Statement of Accounts For The Period to 31 March 2025 Shepherd's Sprlng Pre-school Nursery Charity Commission Number 1172257 Address Smannel Road Spring Meadows Childrens Centre Smannell Road Andover SP116JP Bankors Lloyds TSB plc 22 High Street Andov8r SP101NW Indep•nd•nt Examiner M W Accounting Ltd LG30 Belvedere House Basing View Basingstoke RG214HG Shepherd's Spring Pre-school Nursery Independent Examinerfs R•port to the Trustees of the Shepherds Spring Pre-S¢hool Nursery I report on the accounts for the period ended 31 March 2025 Resp•ctlv¢ responsibllltl•s of trustees and examln¢r The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Aot 2011, and that an independent examination is needed. It is my responsibility to: examine the accounts (under section 145 of the Act) to follow Ihe procedures laid down in thè General Dir8tions given by the Charity Commission (under section 145(5) {bl of the 2011 Act), and to stala whelher particular matters have come to my attention. Bas18 of Independent •xamlnerfs report My examination was carried out in accordance with General Directions given by the Charity Commission. An examination Includes a review of the acxounting récords kept by the charity and a eomparision of th@ accounts presented wllh those records It also includes consideration of any unusual items or disclosures in the accounts, and seeking èxplanations from Ihe trustees concerning any such matters. The prO￿dUreS undertaken do nol provide all the evidence that would be required in an audit, and consequently I do not epxress an audit opinion on the ac¢ounts. Indop•ndent examlngf8 3tat•m•nt My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting rècords kept by the charily and a comparision of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Iruslees concerning any such matters. Th8 procedures undertaken do not provide all Ihe evidence that would be required in an audit, and consèquently I do not epxress an audit opinion on the accounts. In the course of my examination, no matter has come to my attention which glves me reasonable cause to balieve that in, any material respect. the trustees have not met thè requirements to ensure that.. -proper accounting records are kept (in accordance with section130 of the Act)., and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M W A¢counllng Ltd LG30 Belvedere House Basing View Basingstoko RG214HG 22 January 2026 Shepherd's Spring Pre-school Nursery Statsment of Financial Activlties For The Period to 31 March 2025 Notes Total Restricted 31 Mar 2025 Unrestricted In¢ominq resourc•s Voluntary income Activities for generating funds Grants Investment Income 191 908,691 191 908,691 1,081 1,081 Total incoming resources 909,963 909,963 Resour¢os •xpend•d Costs of generating voluntary income Charitable activities Governance costs 801,455 5,581 801,455 5,581 Total resources expended 807,036 807,036 Surplus l (D•fi¢it) for tho flnanolal y•ar Balance brought foD*vard at 1 April 2024 Balance as at 31 March 2025 102,927 102,927 17,459 17,459 120,386 120,386 The trust has no recognised gains or losses Other than the figures shown above. Shepherd's Spring Pre-school Nursery Balance Sheet as at 31 March 2026 Notes 31 Mar 2025 Fixed Assets Tangible assets Current Assets Debtors Cash at bank and In hand 10 158,142 158,142 Cr•ditors: Rmount8 f¥lling du8 wlthln one y•ar 37,758 N•t Current Assets 120,384 Net Ass•ts 120,384 Accumulated Funds Unrestricted Funds Restricted Funds 120,384 120,384 Approved by the Board of Trustees on 22 January 2026 and signed on its behalf by Name.. Treasurer Sh•phord's Spring Pr•-School Nursery Notes to the Accounts as at 31 March 2026 Accounting Polio10$ In preparing the accounts the following accounting policies have been ￿mplIed with.. a) Basis of aGcounling The financial st8tements have been p￿Pared under the historical cost convention and in accordance with applicable ac¢ounting standards, the Charities SORP 2005 (Accounting and Reporting by Charltles) and comply with Ihe Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 2011. b) Funds acoounting Unrestricted fvnds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. c) Inoomlng rosoura•s All incoming resources are included in the ststement of financ4al activities when the charity Is entitled to the income and the amount can be quantified wth reasonable certainty. Investment income is in¢luded when receivable, Incoming resourcas from Charitable trading activtty are accountsd for when earned. dl R•souro•s •xpond•d Exponditure 1$ Included on an accru818 basls. Costs of generating voluntary income Comprises the costs a$soclaled with attracting. recording and acknowledging voluntary income. Charitable activities comprise those costs incurred by the Charity in the deliverance of its activities and services for its beneficiaries. Govemance costs includ8 expenses associated with meeting the constitutional and statutory requirements of the charity and include the independent &xamlneVs fees and costs linked to the strategic management of the charity. el D•pro0iation Depreciation is provided on all tangible fixed assets at rates c2l¢ulated to write off the cost or valuation, less oslimated residual value based on prices prevailing at the date of acquisition or revaluation. of each asset 6venly over its expected usefeul life, as follows.. Equipment - 20 % straight line Computers 25 % straight line Shepherd's Spring Pre-school Nursery Notes to the Accounts.. .contlnued as at 31 March 2025 Voluntary Income Unrestricted Funds Restricted Funds Total 31 Mar 2025 Fund raising activities Security grant 191 191 191 191 Activities for generating funds Unrestricted Funds Restricted Funds Total 31 Mar 2025 Fees HCC Grants Welfare food income 368,757 539,934 368,757 539,934 908,691 908,691 Grants Unrestricted Funds Restricted Funds Total 31 Mar 2025 Special grants Relocation grant Investment income Unrestricted Funds Restricted Funds Total 31 Mar 2025 Bank interest 1,081 1,081 1,081 1,081 Costs of generating voluntary income Unrestricted Funds Restricted Funds Total 31 Mar 2025 Fund raising Shepherd's Spring Pre-school Nursery Nots5 to the Accounts....continued as at 31 March 2025 Charitable activities Unrestricted Funds Restricted Total Funds 31 Mar 2025 Food and milk purchases Educational activity supplies Furniture and equipment staff costs Clothing costs Telephone Post and stationery Travelling Repairs and renewals Cleaning Computer costs Rent, rates and water Insurance Light and heat Sundries Bank charges Earfy years pupil premium received Early years pupil premium expended Loan interest Depreciation 28,326 13.732 28,326 13,732 694,636 1,404 4,944 1,288 230 2,708 290 9,122 36,795 2,545 3,826 745 92 694,636 1,404 4,944 1,288 230 2,708 290 9,122 36,795 2,545 3,826 745 92 772 772 801,455 801,455 Gov•rnan¢• Costs Unrestricted Funds Restricted Funds Total 31 Mar 2025 Accountancy and prof8ssional fees Subscriptions Training 4,730 208 643 4,730 208 S43 5,581 5,581 Shepherd's Spring Pre-S¢hool Nursery Notes to the Accounts....¢ontlnued as at 31 March 2025 Tangible fixed assets Total Equipm8nt Cost: Brought forward Additions As at 31 March 2025 Depr•ciation: Brought forward Charge for the year As at 31 March 2025 Net book value: Brought forward As at 31 March 2025 10, D•btors 31 Mar 2025 31 Mar 2024 Other debtors 11. Credltors 31 Mar 2025 31 Mar 2024 SoGial security and other taxes Bank loans Accruals & deferr6d income 9,397 27,761 600 8,168 33,135 600 37,758 41,903 Analysis of fund ass•ts and liabllitits Unrestricted Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilities 158,142 (37,758) 158,142 (37,758) 120,384 120,384 Financial Report forthe Year Ending 31 March 2025 The charity recorded a surplus for the year ending 3110312025; a Substantial increase, £73,843.00 more than the previous year. Effective management and the increase in government funding coupled with the expanding of funding to allow working families with children over the age of 2 to claim 30 hours has had a dramatic impact on this. Income and Occupancy Total incoming resource5 rose by £175.321.00 compared to the previous year. highlighting the Charity's success in optimi5ing occupancy levels despite the ongoing national staffing crisis. Additionally, the increased base-level funding rates provided an opportunity to significantly improve our financial position. Cost Management Food and milk expenses increased by £12,877.00. Due to increased efforts of filling spaces and more working parents taking these spaces, lunch numbers have seen a substantial increase. Inflation has also had an impact on this. Staffing Costs Staff expenses increased by £92,028.00. driven by adjustments to national mlnimum wage rates. competitive pay increases. and the hiring of a chefs 35SiStant to support operations. Operational C05t5 Increase in rent and rates costs have contributed to a higher expenditure. Professional Fees and Training Professional fees increased by £1,081.00, General increases in rates for services rendered have resulted in an increase in Spending for accounting and professional fees. Loan Repayments Repayments on the Bounce Back Loan now total £27,761.00, marking a reduction of£5,374.00 frorn the prior year's balance of £33.135.00. The charity's ability to adapt to financial pressures and implement strategic improvements has enabled it to achieve a strong financial position for the year ending 31 March 2025. Perri Sievewright Trustee of Shepherd's Spring Preschool Nursery January 2026