L4venbam Preschool
Annual Report and FiDan¢lal Ststements
Year ended 31 August 2024
Charity number.. 1184176

LAVENHAM PRESCHOOL
al Report and Flnaneial Statements for the year ended JI August 2024
Contellts
Page:
Reference and administrative details
Report of the Trustees
Independent Examin¢r's RetxTrrt
Statement of Financial Aetivities
Balane¢ Sheet
7-10
Notes fonning part of ihe Financiai Statements

LAVENHAM PRESCHOOL
Annual Report Financlal Statrments for tbe year ended 31 August 2024
Refer¢nee and administrative detsiis
Charity name
Lavenharn Preschool
Registered charlty Dumber 1184176
Business •ddres$
Church Street
Lavenham
Suffolk
C0109QT
Trustees
R S Mawford- Chaim)an
D Carse- Treasurer {resigTrcd on 31 August 2024)
J M Jones
S Knight
K Humphreys
A Hyde Parker {r¢5igned on 5 March 2024)
H Upton (resigned on 10 S¢ptember 2023)
L Willis (appointed ou 12 February 2024)
E Hurd {appointed on 4 January 2024, resigTted on 15 April 2024)
Pre-4¢bool Manager
Elzbieta Zlotek
Independent examiner
Wendy Bowman AAT
WB Accounting S¢rvic¢s, 18 Peek Close, Lavenham, Suffoll COIO 9FR
Bankers
Santand¢r UK plc
Lloyds Bank plc

LAVENHAM PRESCHOOL
Report of the tr115tees for the year ended 31 August 2024
Th¢ trustees for th¢ purposes of charity law, have pleasure in presenting their at]nual r¢port and the financia]
st2lemenis of th¢ charity for th¢ y¢ar ended 31 AUg￿t 2024.
Struetur4 Governance ind Management
Governing Document
Lavenham Pr¢scbool is a Charitable Incorp)rated Organisation {Foundation Model) which was ￿gIStered on I
July 2019 {￿gIstered number 1184176). On 19 December 2019 th¢ CIO obtained oFs-fED registration and took
over the Preschool's activities and asscts. The Pres¢bool previously operated &$ an Unlncorpor￿ed charity
(r¢gister¢d number 1048612) whi¢h was registcr¢d on 12 August 1995.
Truste*$-appoinlmenl, opganisqlion qndrecrmi1￿tsI
The trusiees during the year ended 31 August 2024 are stat¢d on page l.
Rlsk muuugemenl
The truslees have reviewed the major risks to which the ¢harity is exp)sed and hve established systems and
procedures to mitigate those risks.
Objectives *Dd activities
Lavenham Preschool is an educational chartty whose obj¢ctive5 are lo enhanc¢ the devclopm¢nt and education of
ehildren primarily under statutory school age by encouraging parents to understand and provide for the needs of
their Child￿n through community groups and by..
a) offering appropriate play, education aDd car¢ facilities. family learning and extended hour5 groiips, togcther
wilh the right of parentq to take responsibility forand to become involved in ihe aetivities of such group5, ensuring
that sueh groups offer opportunities for all children whatever their rarx. culture, r¢liEion. means or ability.
b) encouydging the study of the needs of such children and their famili¢s and promoting publi¢ interest in and
r¢¢ognition of such n¢¢ds in the loc￿ ar¢as'
¢) in*igating and adhering to and furthering the atms and objects of the Pre-school Learning Alliance.
The Pr¢school is op¢n five days aweek during ierm-time, offering breakfast ¢lub, morning and afternoon 5¢5sion&
lunch club, an after-hours club and a]l-day care. From January 2024 we increased oiir opening hourq to 88m -
Sp￿ to mak¢ us more at1Jactive to working parents. Wc also operated a holiday club for 2 weeks in August 2024.
We cat¢r for children from 2 years io sehool age, preparing them for entry into mainstream schooling. The
Pres¢hool operdty from a purpose-built building, adjacent to Lavenham Villag¢ Hall, which was opened in
September 2017.
Perform*nee 4nd a¢hieveETrents
The Preschool has managed to maintain a surplus for the year endcd 31 August 2024, and despite it being much
lower than the previous year we consider this an achi¢vement in the current climlte. With the involvcment of
both trustees and st&ff, we were also able lo continue wtth OUT fundraising efforts, including through th¢ aTmua]
fireworks dÈsplay. held in conjunction with Lavenham Primary School. We were very pleased to receive a
donation of £250 for our f￿eWorkS event and claimed gift aid on this and the previo￿$ year donation too.
The Preschool s¢¢ured funding. during the year ended 31 August 2024, frorn various benefaclors to improve and
extend the Forest School area. At 31 August 2024. the extension and refurbishment work has Ixen COTnpleted,
resulting in a larger ar¢a fomed with new fencing to secure the are& Income rec¢ived in the year for this project
totalled £5,535. with cxpenditure to date of £4,427. We are still hoping to receive further funding in October 2024
and January 2025 and th¢ remaining balanc¢ will be spent Ott providing new equipment for the Forest School arva.

LAVENHAIIrf PRESCHOOL
Report of the trustees for the ye4r ended 31 Augll$t 21124 (Condnued)
Once again, major thanks for their exc¢llent work during the year must go to all our siaff, who continu¢ lo make
Lavettham Preschool the exe¢llent chil(kare setiing that it is and continuously aim to improv¢ Erf)tb their t¢aching
practices and the learning environment.
Plans for the hture
The coming year is likely to prove another challenging ¢)ne with the priority being to build up pupil numbers in
ord¢r to ensure that our purpose-built building is fully utilised alld to ¢over incre8sing costs. It will also be
uecessory to continue to tske advantage of the opportunities provid¢d by th¢ Government's ph25ed extension of
free childcar¢, which began in April 2024 with the provision of15 hours per week of education aJtd Ca￿ to ttYo-
year childrcn of cligible parents. From September 2024. we are lowering the ag¢ from which we take children
from 2 years to 20 monihs, in order to take advantage of the under 2 funding. The under 2's will be limited in
numtrtt3 each terni in order to ensure we can a¢¢ommodate their needs.
FitEaDeial Review
The Statement of Financial A¢liviti¢g on page 5 sets outthe movement in funds forthe yearand the Balance Sheet
on page 6 shows the charity's stste of affairs at the year end. The princi￿[ sources of incotnc ar¢ the Government
Funding Grant for Early Y¢ar5 Education, from Suffolk County Council and fee5 charged for non-funded sessions.
Whilst our fee income for the y¢ar en(kd 31 August 2024 has r¢mained consistent * £42,260 (2023: £41,246).
our grant funding has increased to £102,530 (2023: £86,565). This ineffase is a result of th¢ incrcase Èn pupil
numbers during the year iogeth¢r with the Government's phas¢d extension of funding available as mentioned
aErf)ve.
The increase tn income has been offset by th¢ increase in our costs, primarily our slaff c(Ists which in the year
ended )1 August 2024 have risen to £117,133 (2023.. £82,017). This in¢rwe ts partly due to the quality and
highly skilled 5tsff which w¢ have employ¢d and also due to the increase in rninitnum wage which has led to a
proportionaie increase to all staff levels of pay. The majoTity of our staff hav¢ opted in to the NEST pension fund
which has also increased our costs to £1,969 (2023.. £1,062}.
The trnstees have considered the level of funds held and the expected incom¢ and expenditure for the next 12
months. Bgs¢d on this assessment, the trustees believe that the Preschool will continue as a going Loncem during
this period.
This report was Approved by the tnr5teos o
aDd siined on their behalf hy:
Chairnian

LAVENIIAM PRESCHOOL
Indepettdent Ex#mlner's Report Éo the trustses of Lavenham Preschool
I report on ihe accounts ofLavenham Preschool for the year ended 31 August 2024, which are s¢t out on pages 5
to 10.
Re$pe¢tive responslbilitles of trustees #nd examSller
The trusle¢s ar¢ responsible For ihe preparation of the accounts. The trustees ¢onsider that an audit is not ￿quired
for this year und¢r se¢iion 144(2) of ihe Charities Act 2011 lthe 2011 Act) and that an independent cxamination
is ne¢de
Having satisfied mys¢lf that the charity is not $ubj¢ct to audit under company law and is eligible for independent
ex8mination, it is my responsibility to-
examine th¢ accounts under se¢tion 145 of the 2011 Act.
to follow the procedures laid down in the general Direction givcn by the Charity Commission under se¢tion
145(5) (b) of the 2011 Act. and
to state whether p8rticular mattet¥ hav¢ come to my dttention.
B&5is of indepeodent examin¢r's report
My examination carried out in accordance with the General Directions given by the Charity Commissionets.
An examination includes a Teview of the accounting records kept by the charity a comparison of the accounts
pres¢nted with those re¢on]s. It ￿s0 Includes consideration of any unusu81 items or disc105ur¢s in the a¢¢ounts,
attd seeking explanations from you as truste¢5 concernit]g any sllch matters. The procedures un(f¢rtaken do not
pmvide all the evidence that would be requir¢d in an audi( and consequently no opinioll is given ￿ to whdher
the accounts present a 'true and fair view, and the report is limited to those matt¢rs set out in the statement below.
Independent eAominer's stateMe￿t
In connection with our examinatioo no mait¢r has come to my attention".
which gives me reasonable Cause to ￿lIeVe that in any material respect the requiremcuts..
to ke¢p accounting records in accordance with section 386 of the CompanÈes Act 2006: and
to prepare accounts which accord with the accouttting requirements of the scction 396 of the Companies
Act 2006 and with the methods and principles ot Stalcmenl of Recommended Practi¢e: A¢counting and
Reporting by Charities hav¢ not been met. or
2)
to which in my opinion. attet]tion should be drawn in order toenablc aproFer undeJEtanding ofthe accounts
to be reached.
WB Accowiting Services
Lavenham. Suffolk COI O

LAVENHAM PRESCHOOL
Statement of Financial Attivities (incorporating Income and ExpeDditure Acco￿•t)
for tbe year ended 31 Augllst 2024
Nots UDTestricted Restricted
Fund$
Funds
2024
To¢al
2023
Total
Income from:
Donations
590
5,911
6.501
250
Charitable activities..
Grants
Fees
Other incoTne
102,530
42360
696
102WO
42200
696
86,565
41246
Fundraa5ing events
3,043
3,554
Envestmenl income
Bank interest receivable
334
334
131
Total income
149.453
5Jll
155J64
131,746
Expenditure ott..
Raising fjjnds
376
376
425
Charitable activities
146,689
4,427
151,116
108229
Total eipeTrdithre
146,689
JS1,492
108,654
Net illcome
1764
1.108
3,872
23.092
Fund balances at I September 2(Y23
53,737
53,737
30,645
Fund balances at 31 August 2024
56,501
1,108
57,609
53,737
The statement of finan¢ia] activities ineludes a]1 gains and losses tE¢ognised in the year. All incom¢ and
expenditure derives from continuing activities. The comparative figur¢s for 2023 a]1 relate io umrstricted ftmds.
ex¢¢pt as shown in noie 2.

LAVENHAM PRESCHOOL
B&lanc¢ sbttt at 31 August 2024
Totsl
2024
Total
2023
Note
Current Assets
Debtors and prepaym¢nts
Cash at bank & in hand
1,068
-$9,569
7,804
47,590
60,637
55J94
Creditors: amounts falltng due Ivitbl
one year
(3,028)
(1,657)
Net current ¥ssets
57,609
53,737
Net assets
$7,609
53,737
Funds
Unrestricted ￿llds
R¢strtcted funds
53,737
1,108
57,609
53,737
The notes on pages 7 to 10 fonn part of these fin8n¢ial statements.
Tb¢ financi41 stalements were approved by the trustees OD
,h42
and signed on tbelr beb*lf by
TnJst¢e

LAVENHAM PRESCHOOL
Notes forming part of the financial ststements for th¢ year ellded 31 August 2024
Aeeounting polici4$
AcLounling convemto
These financial statements have be¢n prepatEd in accordancewith Accounting and Reporting by Charities".
Stat¢ment of Recommended Pr¢￿tiCe applicabl¢ to charities prepartng their ac¢ounts in accordan¢e with
the Financial R¢portiT]g Standard applicable in the IJK and Rcpublic of Ireland (FRS 102) (effcctive I
January 2015)- (Charities SORP (FRS 102)), the Trinancial Re￿rting Standard applicable in the UK and
Republic of Ireland (FRS 102). The accounts (finaacial statem¢nts) have hten prepared under the
historical ¢ost convention with items recognised at cost or transaction value unless oth¢nvise ststed Èn the
relevant note(s) to these accounts.
The charity constitutes a public benefit entity as defined by FRS 102.
Going concepn
The ￿COUnts have b¢¢n prepared on a going concern basis which the trustees b¢lieve is appropriate given
Ihe level of funds held and th¢ income and expenditure forecast for th¢ next 12 months from the date of
approving these finanLial statem¢nts.
Incoming resourees
All incoming resources are includ¢d in the SOFA when the ¢harity is legally entitl¢d to the incom¢ and
the amount Can ix quantified with reasonable accuracy.
Donated services are included at the value lo the charity where this can b¢ quantifi¢d and & third paty is
bearing rhe ¢0st. No ajnounts are included in th¢ financiat statements for services donated by volunteers.
ExpendElure
All expenditure is accounted for on an a¢¢ruals b&sis, and has been classified under the headings that
aggregate a]1 costs r¢lated to the category. Wh¢r¢ costs cannot be directly attributed to particular headings
they have been allocatcd to a¢tivities on a basis consistent with use of r¢sources.
Fundraising cost5 are those incurred in seeking voluntary contributions and holding fundraising everAts.
Support costs ar¢ those costs incurred directly in support of expenditure on the objects of tht charity.
Govcmance costs are those incurred in connection with ¢ompliance with Constitutional and statutory
reqtsiremellts.
Tungib/efLYed asseis
Individual fixed assets costing £1,000 or more are capitaiised at cosL including any incidental ¢osts of
acquisition. Depreciation is provided on a]1 tangible fixed assets, other than freehold land, so as lo write
off the cost, less estimated ￿5[dUal value, ov¢r Ihcir exp¢ct¢d useful lives.
Operating leases
Rentals under OFtrdting I￿¢5 are charg¢d to th¢ illcome and eX￿nditUre accowit as ineurred.

LAVENHAM PRESCHOOL
Notss to the financial s¢aternents for the year ended 31 August 2024 (ContyiAued)
FundAcLouptting
un￿S￿leted funds comprise accumulated surplus¢s and deficits on the gencrai fund and designated funds.
They are availabl¢ for use at the discrction of the trustces in furtherance of the charitable company's
objective5. Designated funds ar¢ those funds designated lor a particulor purFose or projects at ihe
discrction of the trustees.
Restrickd funds are funds which ￿ to be used in accordance with S￿¢IfiC restrictions imposed by dono
or whi¢h have been raised by the chaTity for partÈcular purposes. The cost ot raising and administering
su¢h funds are charged against the speeific fund. The aim and use of each restricted Fund is sct out in the
notes to the finan¢ial statements.
2024
2023
Unrestricled..
Lavenham Gardening Club
Smaller individual donations
250
340
Reslricled..
Individual donorre fi￿Wo￿lS dtsplay (including gift aid)
East of England CoryOP- Forest School Proje¢l
Lavenham Parish Council- Forest School Project
Suffolk County Council- Forest School Project
Eleanor & Charlotte Condy Trust Fund- Forest School Proj¢ct
The B¢lst¢ad Ganzoui Charitable S¢ttlement- Forest School Project
376
835
1500
1,000
2110
2,0011
250
Tot41 donatAoRs
6JOI
250
Crnllts
2024
2023
Suffolk County Council - F2rly Education funding
102,530
86,505
Total grants
102J311
86,565

LAVENHAM PRESCHOOL
Nole$ to the finanei41 statements for the year ended 31 August 2024 (Coniinued)
Expenditure Charitable a¢tivitl¢s
2024
2023
Restricted..
Forest School Proje
4,427
Unreslplued..
Direct costs
Staff costs (note 5)
Rewurecs for children
Support costs
Premises
Oth¢r sllp￿rt costs, including governance ¢osts
117,133
3,786
82,017
4,612
&600
17,170
8,001
li,599
151,116
108,229
5 StatTco$ts
2024
2023
Wages and salaries
Social security costs
P¢nsion Cosis
Siaff recruitment, trainÉng and uniforni costs
Other staff costs
113,913
78,896
1,969
901
350
1,062
1,094
965
117,133
82,017
The key management p￿Onnel of the charity comprise th¢ tnjstees and th¢ Pttschool manager ￿ shown on
page l. The trustee5 neither received nor waived any r¢mun¢ration during th¢ year (2023- £nil).
The #Ve￿￿e number of employees during the year, calculated on a head count basis was l 0 (2023'.10). No
employee had emoluments in excess of £60,(Tr00 (2023-. nil).
6 Tkx*tlon
The company is a registered ehartty and is not considered Itable to taxation on its income. Incom¢ tax
deducted at 50ur¢e from income is recoverable from HMRC.
7 Debtors and prep¥ymeTrts
D¢btors consists oltsade debtots (fee in¢ome owed at th¢ year end) and prepayments.
A provision of £347 for bad and doubtful debts in respect of overdue f¢e inrome has been deducted.

LAVENHAM PRESCHOOL
Notes to the finaneA#l statements for the ye4r ended 31 August 2024 (Conlinutd)
nds Summary
Balance at
Fund movements
Balance at
I September Ineoming Resources Trnnsfer 31 August
2023
T&gources
sed
2024
Restrieted funds
v)ii
4,803
1,108
Unrestricted fund$
$3,737
149,453
146,6¥9
56301
53,737
155J64
151,492
57,609
10