L#venham Prescbool Annual Report and Finaneial Statemenls Year ellded 31 August 202S Charity number.. 1184176 LAVENHAM PRESCHOOL Annual Report and Finaneial Statements for the year ended 31 August 2025 Contents Page: Reference and administrative details Report of the Trust¢es Independent Ex&miner's Report Statement of Financial Actsvilies Balance Shect 7-10 Not&8 forniing part of the Financial Statements LAVEMLIM PRESCHOOL Annual Report Finallcial Ststements for the yeAr ended 31 August 2025 Reference alld admlnistratlve detsils Charity naTne Lavenham Preschool Regtstered charity number 1184176 Buskness 4ddress Church Str￿t LaveDham Suffolk C0109QT Trustees R S Mawford - Chairnian and Treasur¢r J M Jones S Knight K Hu]nphreys L Willis A Burdis (appointed on 24 Octobcr 2024) K Gteyling (appointed on 24 October 2024) Pre-school Manager Elzbieta Zlotek Independent examiner Wendy Bowman AAT WB Accounting Setvice4 18 Peek Close, L&venham, Suffolk. COIO 9FR Bankers Santander UK plc (ac¢ounts closed Julle 2025) Lloyds Bank ple LAVENHAM PRESCHOOL Report of the trustees for the year ended 31 Augllst 2025 The trustees for thc pujposes of charity law, have plca5ure in presenting their annual report and the financial statem¢nts of the chayity for the year ended 31 August 2025. Stru¢ture, Governance Management Governing Doeumehl Lavcnham PrLs¢hool is a Charitable Incorporatcd Organisation (Foundation Model) which was registercd on I July 2019 (registcTed numbcr 1184176). OTh 19 Dcc¢mber 2019 the CIO obtained OFSTED tegistration and took ov¢r the Preschool's activities and assets. The Preschool previously operated as an unincoTporated charity (registered number 1048612) which was registcred on 12 August 1995. TYu.¢ees- ￿ppoIntMen£ organisation dnd recruitment The trustees during the year ended 31 August 2024 are stated on page l. Mr D Carne resigned as Trnstee and Tre&%urer on 31 August 2024. Mr R Mawford took over as Treasurer on I September 2024 and subsequently rcsign¢d as Treasurer on 31 August 2025. Ms K Greylitig took ov¢r as Treasur¢T on I September 2025. Risk mqnagÈment The frnstees h&ve reviewed the major risks to which the charity is exposed 8nd have established systems and proccdures to mitigate those risks. Objectlves and aetivltfies Lavenham Preschool 18 an educational Charity whose objectives are to enhance the development and education of children primarily und¢r statutory s¢hool agc by encouraging parents to understand and provide for the needs of their childreTt Ihrough community groups and by: a) offering appropriate play. education and care facilities, famxly learning 8nd extended hours groups, log¢ther with the right of parents to take responsibility for 8nd to become involv¢d in the activities of such groups, ensuring that such groups otT¢r opportunities for all childr¢n whaievcr their rac& culture, religioJL means or ability. b) encouraging the study of the needs of such ¢bildren and thcir families and promoting public interest in and rccognitioll of such nccds in th¢ local arcas; c) instigating and adhering to and furthering the ainis and objects of the Pre-school Learning Alli&n¢e. ThePreschool is open five days a week during tetin-time, offering breakfast club, morniDg and afternoon sessions, lunch club, all aft¢r-hours clllb and ￿l4]aY care. From January 2024 we incredsed our opening hours to 8am - Spin, to make us more &ttractive to working parents. We algo operated a holiday club in August 2024 and we dsd so agait] in August 2025. W¢ catcr for children from 2 y¢ars to s¢hool agc, prq)aring thcm for enty into mainstream schooling. The Prescbool opcrates from a purpose-built building, adjacent to Lavenham Village Hall, which was opencd in Sept¢mber 2017. Performanee and 4¢hieYements A detellnined effort has been made to build up pupil nutllbers to ensure our pu]P08e-built building is fvlly utilised nd the suc¢ess from this can be St￿ in the h¢Jlthy surplus the Preschool has maintained for the year ellded 31 AUg￿st 2025. We considu this an cnomous achievement in the cutr¢nt climat¢. With th¢ involvement of both trustces and staff. we were able to continue with our fundraising cfforts, including tbe annual fireworkg display, Ileld in conjunction with Lavenham Primary School. We were very pleascd to receivc donations of £400 for our fireworks ev¢nt and claimed gift aid on these donations which boost¢d the donations to £500. LAVENIIAM PRESCHOOL Report of the trustees for the year ended 31 August 2025 (Continued) The remuining ￿llding from our bcnefactor5 for our Forest School improvement projecl which commenccd last y¢ar has now hccn receivcd. a total ol £1530.37 reccivcd in Nov¢mbcr 2024 and March 2025. This makes our total income lor the projecl £7,065.37. F.xpenditure in the year totslled £1,556.67 bringing loial expendiiure to £5,983.67. the balance on the projcct at 31 August 2025 totals £1,081.70 which h¥B been Spent on waterproof clothing and a new canopy for the Forcst School are in September 2025, completing the project and utilising all the remaining funds. Once again, major thanks for th¢ir ¢xcellent work duting the year must go to all our btaff. who continue to nuke Lavenham Preschool the excellent child¢are setting that it is and continuously aim to itnprove both thcir teaching practiccs and the l¢arning ¢nvironment. Plans for the future The coming year is likely to prove anoih¢r challenging one. We have a very Strong team at the Pr￿h0O1, and we will conlinue to use our expertise and knowledgc to ensure that the Lhildren in Dur Lare are well looked after and havc access to the bcst learning opportunities and praLlices available to them whilst also ensuring that we remain ¢tTicicnt in our spending Icvels to help covcr the constantly increasing costs. Wc will continuc to take advaniage of the opportunities provided by the Government's extension of fr¢¢ childcare and wc will continue to review our fee structure lo cnsure it is fair to all. Finaneigl Review The Stat¢tt]ent of Financial Activitics on page 5 sets out the rnov¢m¢nt in fimds for the year and the Baiancc Sheet on page 6 shows the charity's stdte of primarily our staff costs wbich in the year endcd 31 August 2025 hav¢ riscn lo £135,515 (2024: £117,133). This increasc is partly due to the quality and highlv skilled staff which we have employed and also due lo th¢ increase in minimum wage wbich has led tt) a proportionate iiitreago to s)11 staff lev¢ls OF pay. The majorLty of our 8thff havc optcd in to thc NEST pciifi(Trll nd which means our costs have remaincd consistent at £1.894 (2024= £1,969). The trnste¢s have considered th¢ level of fvnds hcld and the expect¢d income and expcnditure for th¢ next 12 months. Based on this assessmellL the trustees believe that the Preschool will Continue as d going concern during thi5 period. This report was approved by the trnstees Oll 5iglled on thelr behalf by: z¢.OZ.Z02£ LAVENHAM PRESCHOOL Indep¢ndeDt Examiner's Report to the trustees of Lavenham Preschool I report on the accounts of Lav¢nh2m Pre5cbool for thc year endcd 31 Augvst 2024. which are set out on pages 5 to IQ. Respectlve responsibSlltles of trustees examiner The trustees are re.qponsible for the prepwition of the accounts. The trnstees consider that an audit is not i'equired for this year und¢r section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisficd mysclf t])at the charity is not subject to audit under company law and is cligible for indcpend¢nt ex￿1]inatIon, it is my responsibility to.. cxamine the accounts under seLtion 145 of the 2011 Act. to follow the procedures laid down tn the general Direction given by the Charity Commission under section 145{S) (b) 0£ the 2011 Act; and to gtate wh¢thcr particular matters have come to my attention. Ba$ls of Indepelldvnt uaminer's report My examination was carried out in a￿ordanC¢ with thc General Directions given by th¢ Charity Commissioners. An ¢xaminatioD iT]cludes a review of thc accounting records k¢pt by the charÉty and a Comp￿lS￿n of thc accounts preserhted wilh those r¢cords. It also includes considcration of any un￿gua1 ilems or disclosures in the aceountq, and %￿kIng cxplanations tr()m you a5 trustees conLerning any such matters. The proccdur¢s undertaken do not provide all thc evidence that would be ￿qUIred in an aud&L and consequendy no opinion is ¥iven as to whether tht aLLounts prcsent a 'truc and fair view, and the report is IiTnited to those rnAtters set out in the statement below. Independent examlner's statement In connection with our examination, DO matter has ¢ome to my attentÉon: i) which givcs me reasonable cause to belicv¢ that in thy material rcspect the rcquirem¢nts.' to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the acLounting requirethehts of the section 396 (!f the Cort]panies Art 2006 and with the m¢thods and principl¢s of Statement of Recojnmended Pt•ctice: Accounting and Reporting by Charities havc been mel. or 2) to which in my opinion, attcntion should be dtawrt in order to ¢y)able a properunderstanding of the accounts to be ye￿hed. IJISIZ WB Acruullilng Services Lavcnham, Suffolk COIO LAVENHAM PRESCH(X>L Ststement of Fln*nci#l Activltles (In¢orpor*ting Income and Expendi¢ur¢ A¢¢oMnt) for the year ended 31 August 2025 Note UnrestrS¢ted Restricttd F￿lld$ 2025 Totsl 2024 Total ltt¢om¢ from: DoTtatiims 360 3J90 501 Charitable activiti¢5: Orants Fees Other income 125WI 4&736 $713 125591 4&736 5,713 102,530 42,260 696 Fundraising events 4J32 4￿32 Investment income Bank interest receivabl¢ 372 372 334 Total in¢ome 185J04 3,030 188J34 155J64 Expendlthre on: Ratstng fi￿dS 376 Charitable activtti¢s 163J53 1,900 165,453 151,116 Totsl expeffjdlture 163553 1400 165,953 151,492 Net in¢ome 21,751 630 22J81 3,872 Fund ba]8mces aT I SepTember 2024 501 1.108 57.609 33.737 F￿rtd balances #t 31 Awgust 2025 78252 1.738 79,99D 57.609 The statement of financial activities includes all gatns and loss¢s recognised in the y¢8r. All income and exp¢nditure derives from continuing activiti¢s. The comparative figures for 2023 all relate to unrestrR¢t¢d fund4 except as shown in note 2. LAVENHAM PRESCHOOL BalaDce $h¢e¢ •t 31 Augus¢ 21125 Totsl 21125 Totsl 2024 Note Current Assels D¢btors and prepayments Cash at bank & in hand lJ79 84,1130 59J69 85.609 60,637 Creditors: 8mouDts f4lJing due wfithin n¢ year (5,619) (3,028) Net ¢wrrent assets 79,9911 57,61)9 Net assets 79.990 57,609 FuDds UntTStricted funds R¢stricted funds 78252 1,738 56JDI 1,108 57ffj119 The notes otj pa8es 7 to 10 fomi part of these financial statements. The flnaneial ststemt#ts were apprnved by the trustees on #nd Sign￿ on theÉr behalf by: Trustee 2É.Q2. 201 LAVENHAM PRESCHOOL Notes forn)ing part of the fmancial statements for tbe year ended 31 August 2025 Aeeountlllg polities Accounting convenlion These financial statements have been prepared in acwrdan¢¢with Accounting and Reporting by Charities: Statcment of R¢cotnmended Practicc applicable to charities preparing their a¢counrs in aceor(lance with the Financial Reporting Stand8rd applicable in the UK and Republic of Irelalld (FRS 102) (¢ff¢¢tive I January 2015) - (Charities SORP (FRS 102}), the Financial Reporting Standard appIl￿bI¢ in the UK and Republic of Ireland (FRS 102). The accounts (financial siat¢m¢llts'} have been prepared under the historical c08t convention with items recognis¢d at Lost or transaLtion valuc unless otherwise stated in the relevant note(s) to these accounts. Tbc charity consti￿leS a public benefit entity as defined by FRS 102. Going concern The accounts have been prq)ared on a going con¢em basis which the I￿SteeS beli¢ve is appropriate given the level of fund8 held and the income and expeDditure forecast for the next 12 months from the date of approving dicse tittan¢ial stat¢￿entS. Incoming r£vnurc All incoming resources are included in the SOFA when the charRty is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donated servi¢es arc illcluded at the valuc to the charity where this catt be quantified and a third parry i8 bearing the cost. No amoullts are included in the financial Statements for seryices donated by voluntee￿. Expendilure All expellditure is accounted for on an a¢￿al$ basis, and has been classifted under the headings that aggregate all costs r¢lat¢d to the category. Where costs cannot be directly attribut￿ to particular headings they have been allocated to activities on a basis consistent with us¢ of ￿SOurces. Fundraising costs are those incurred in seeking voluntary contributions and holding thndraising events. Support costs are those costs incunEd dir¢cily in support of expenditure on the objccls of the charity. Govcrnance costs are thosc incurred in cor￿e¢ll0n with compliance with constitutional and statutory requirements. Taugiblefv-ed el￿et￿ Individual fixed assets costing £1,000 or more are capitAlisd at cost, including any incidcnlal costs of acqui.8ition. Depreciation is providcd on all tangible fLx¢d ass¢1$, othcr than freehold land. so as to write off the cosL less ¢stiEllated residual value. over their expected useful lives. OperÉzDng leases Rentals under operating leases are charged to the income aDd expenditure account as incurred. LAVENHAM PRESCHOOL Notes to thc financial statements for the year ended 31 August 2025 (Continthed) FundAccounting Unrcstri¢ted funds comprise accumulated surpluscs and dcficils on the general fund and designat¢d lunds. They arc availabl¢ for use at th¢ discretion of the thjstees in furthcran¢e of thc charitsblc company's objectives. Designaied fimds are those funds designated for a particular pU￿oSe or projects at the discrction of the trustees. Restricted funds are funds which are to be u5¢d in a¢cordance with specific restrictions imtK>sed by dono or which have been rdised by the charity for particular purposes. The cost of raising and administ¢ring such funds are charged against the specific ￿nd. The aim and use of each restricted ￿nd is sei oiit in the notes lo tb¢ financial statements. Donations 2025 2024 Unr£stricled.. Ch¢lswortb Parish Council Lavenham Gardening Club Smaller individual donations 150 250 340 210 R￿lr¥cled.. Enjoy Bcnefits Groundwork UK Individual donor r¢ fireworks display (including gxft aid) East of England Co-op - Forcst School Project Lavenham Parish Council- Forest School Project Suffolk County Council- For¢si School Project Eleanor & Charlotte Condy Trust Fund- Forest School Pro.ject Th¢ Belstcad Gan7.oni Charitsble Settlement- Forest S¢hovl Pr()ject J,000 500 500 1,1130 376 835 ,500 1,000 200 2,000 Total donations 3a90 6,501 GrAnts 2025 2024 SurroLk County Council- Early Ediication funding 125,591 102,530 Total gr¥nts 125,591 102,530 LAVENHAM PRESCHOOL Notes to the flnAnci41 statements for the yelr ended 31 August 2025 (Conilnued) Expendlture on Charitable activides 2025 2024 Restricted.. Forest School Project Enjoy Bencfits 1,557 343 4,427 Unrestricled.. Direel Costs Staff ¢osts (note 5) Resources for children Supporl costs Premises Other support costs, including governance costs 135,515 4,289 117,133 3.786 10,423 13J26 8,600 17,170 165,453 151.116 Other support costs includ¢ governao¢e costs of £300 (2024..£360). 5 StAff costs 2025 2024 Wages and salaries So¢ial sccurity costs Pension costs Staff reeruitrnenL training and uniforn) costs Other staff costs 129J06 1709 1,894 1,4fi9 137 113.913 1,969 901 350 135,515 117.133 The key management personnel of thc charity ¢omprise the tnJstee8 and the Preschool managcr as shown on page l. Th¢ trustees neither received nor waived any remuneration during the Ye￿ (2024.. £nil). The avetage number of employees during the year, calculated on a head count basis was 10 (2024.10). No employee had enM)luments in excess of £60,000 (2024: nil). 6 Taxation The company is a registered cbarity and is not considered liable to taxation on its income. Incom¢ tsx de(tucted at source from income is recoverable from HMRC. 7 Debtors and prepayments Debtors consists of trade debtors (fee income owed at the year end) 8nd prepaymenL8. A provision of £nil (2024:£347) for bad and doubtfvl dcbLg in respect of overduc fee In￿Me has been deducte