2025-08-31-accounts - Ilketshall St Lawrence Pre-School

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Charity registration number: 1188972

ILKETSHALL ST LAWRENCE PRE-SCHOOL TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Ilketshall St Lawrence Pre-School Contents

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities	5
Comparative Statement of Financial Activities	6
Statement of Financial Position	7
Notes to the Financial Statements	8—13
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities	14—15

Ilketshall St Lawrence Pre-School

Trustees' Report For The Year Ended 31 August 2025

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

Developing and educating children and young people.

Public Benefit

The charity works for the public benefit having as its objects the development and education of children and young people in particular by:

(1) promoting their care and safety;
(2) promoting their education and promoting parental involvement;
(3) promoting their health and wellbeing;
(4) providing services to support them and their families and carers;
(5) providing services to individuals holding membership of the CIO; and
(6) furthering the aims of the Pre-school Learning Alliance.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Financial Review

Financial Position

This academic year, we have focused on strengthening financial governance and ensuring sustainable operations. Our primary objectives were to maintain transparency, protect our financial position, and support fair compensation practices.

Cashflow Management We have implemented a comprehensive cashflow framework to:
Provide management with confidence in operating within our financial means.
Enable detailed analysis of costs, ensuring visibility of both income and expenditure throughout the year.
Safeguard the organization’s financial position by proactively monitoring trends and variances.
Pay Framework Introduction To promote fairness and clarity in staff compensation, we introduced a structured pay framework. This initiative ensures:
Staff are paid equitably based on defined levels within the organization.
Transparency in pay scales, fostering trust and alignment with organisational values.
Financial Position and Annual Accounts Our Profit & Loss for this financial year was very nearly balanced. This reflects careful management of income and expenditure throughout the year, but reminds us how strict we must be with spending.

We will need to appoint an external firm to complete the annual accounts, as there is currently no expertise within the committee. This is an additional cost that needs to be factored in. We would welcome interest from anyone within the community who has the necessary skills and could take on this role in the future, helping us reduce accountancy costs and reinvest those savings into our core activities.

Looking Ahead We will continue to monitor cashflow and costs, and work on improving our systems. As a non-profit, keeping our costs down is critical, alongside fundraising and raising awareness of our non-profit status in the community to gain additional support for the setting.

Page 1

Ilketshall St Lawrence Pre-School Trustees' Report (continued) For The Year Ended 31 August 2025

Reference and Administrative Details

Trustees

Mrs E Shearing - Treasurer (appointed 16/09/2024) Mr G Mison - Chair (appointed 16/09/2024) Mrs E Watkin (appointed 16/09/2024) Mrs C Webb

Charity Number

1188972

Principal Address

Ilketshall St Lawrence Pre-School Hogg Lane Ilketshall St Lawrence Suffolk NR34 8ND

Independent Examiner

J van Dijk Van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH

Page 2

Ilketshall St Lawrence Pre-School Trustees' Report (continued) For The Year Ended 31 August 2025

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr G Mison Trustee 17/06/2026

Page 3

Ilketshall St Lawrence Pre-School Independent Examiner's Report to the Trustees of Ilketshall St Lawrence Pre-School For The Year Ended 31 August 2025

I report to the trustees on my examination of the accounts of Ilketshall St Lawrence Pre-School (the Trust) for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

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 accounts to be reached.

J van Dijk 17/06/2026 11 Trinity Street Bungay Suffolk NR35 1EH

Page 4

Ilketshall St Lawrence Pre-School Statement of Financial Activities For The Year Ended 31 August 2025

Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Charitable Activities Investments 4 Other 5 EXPENDITURE ON: Charitable activities: 7 Charitable Activities NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 15	2025 Unrestricted funds £ 26 85,305 428 7,713	2024 Total funds £ 1,865 94,942 462 427
	93,472	97,696
	(99,358)	(97,270)
	(5,886)	426
	(5,886) 108,982	426 108,556
	103,096	108,982

The notes on pages 8 to 13 form part of these financial statements.

Page 5

Ilketshall St Lawrence Pre-School Comparative Statement of Financial Activities For The Year Ended 31 August 2025

Unrestricted funds £ 865 94,942 462 427	Restricted funds £ 1,000 - - -	2024 Total funds £ 1,865 94,942 462 427
96,696	1,000	97,696
(96,270)	(1,000)	(97,270)
426	-	426
426 108,556	- -	426 108,556
108,982	-	108,982

The notes on pages 8 to 13 form part of these financial statements.

Page 6

Ilketshall St Lawrence Pre-School Statement of Financial Position As At 31 August 2025

Unrestricted funds £ 67,292	Restricted funds £ -	2025 Total funds £ 67,292	2024 Total funds £ 74,400
67,292 814 36,270	- - -	67,292 814 36,270	74,400 539 34,043
37,084 (1,280)	- -	37,084 (1,280)	34,582 -
35,804	-	35,804	34,582
103,096	-	103,096	108,982
103,096	-	103,096	108,982
		103,096	108,982
		103,096	108,982

On behalf of the board

Mr G Mison

Trustee 17/06/2026

The notes on pages 8 to 13 form part of these financial statements.

Page 7

Ilketshall St Lawrence Pre-School Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

Ilketshall St Lawrence Pre-School is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1188972. The principal address is Ilketshall St Lawrence Pre-School, Hogg Lane, Ilketshall St Lawrence, Suffolk, NR34 8ND.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.

2.3. Resources Expended

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 20 years straight line Fixtures & Fittings 5 years straight line Computer Equipment 5 years straight line

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Page 8

Ilketshall St Lawrence Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

2025 Unrestricted Restricted Total funds funds funds £ £ £ Donations and gifts 26 - 26 2024 Unrestricted Restricted Total funds funds funds £ £ £ Donations and gifts 865 1,000 1,865 4. Investment Income 2025 2024 Unrestricted Unrestricted funds funds £ £ Bank interest receivable 428 462 5. Other Income 2025 2024 Unrestricted funds Unrestricted funds £ £ Sales of clothing 142 320 Other income 7,571 107 7,713 427 6. Net Income/(Expenditure) The net (expenditure)/income is stated after charging/(crediting): 2025 2024 £ £ Depreciation of tangible fixed assets - owned 7,108 6,046	Unrestricted funds £ 26	Restricted funds £ -	2025 Total funds £ 26
	Unrestricted funds £ 865	Restricted funds £ 1,000	2024 Total funds £ 1,865

Page 9

Ilketshall St Lawrence Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

7. Analysis of Expenditure

7. Analysis of Expenditure
Charitable Activities Charitable Activities 8. Support Costs Employee costs Premises expenses General administration Depreciation Interest payable Employee costs Premises expenses General administration Depreciation Interest payable	Activities undertaken directly £ 3,563	Support costs (see note 8) £ 95,795	2025 Total £ 99,358
	Activities undertaken directly £ 3,736	Support costs (see note 8) £ 93,534	2024 Total £ 97,270
			2025 Charitable Activities £ 76,595 6,172 5,860 7,108 60
			95,795
			2024 Charitable Activities £ 74,653 5,893 6,882 6,046 60
			93,534

Page 10

Ilketshall St Lawrence Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

9. Independent Examiner's Remuneration

Independent examination of the financial statements 10. Staff Costs Staff costs were as follows: Wages and salaries	2025 £ 600 2025 £ 75,715	2024 £ -
		2024 £ 73,343

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

11. Average Number of Employees

Average number of employees during the year was: 5 (2024: 5)

12. Tangible Assets

Land & Property

Freehold £ 80,948	Fixtures & Fittings £ 11,480	Computer Equipment £ 3,827	Total £ 96,255
80,948	11,480	3,827	96,255
16,188 4,047	3,340 2,296	2,327 765	21,855 7,108
20,235	5,636	3,092	28,963
60,713	5,844	735	67,292
64,760	8,140	1,500	74,400

Page 11

Ilketshall St Lawrence Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

13. Debtors Due within one year Other debtors 14. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 15. Movement in Funds As at 1 September 2024 £ Unrestricted funds General: General unrestricted fund 108,982 Total funds 108,982 As at 1 September 2023 £ Unrestricted funds General: General unrestricted fund 108,556 Restricted funds Restricted funds - Total funds 108,556	Income £ 93,472	2025 £ 814 2025 £ 1,280 Expenditure £ (99,358)	2024 £ 539
			2024 £ -
			As at 31 August 2025 £ 103,096
108,982	93,472	(99,358)	103,096
As at 1 September 2023 £ 108,556 -	Income £ 96,696 1,000	Expenditure £ (96,270) (1,000)	As at 31 August 2024 £ 108,982 -
108,556	97,696	(97,270)	108,982

16. Transactions with Trustees

G Mison received 2025: £650 (2024: £0) for his hours spent providing childcare services to ensure the charity remained in adult to child ratio as per EYFS guidance.

No trustee expenses have been incurred.

Page 12

Ilketshall St Lawrence Pre-School Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

17. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

Page 13

Ilketshall St Lawrence Pre-School Detailed Statement of Financial Activities For The Year Ended 31 August 2025

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Charitable Activities: Charitable Activities Income from charitable activities Investments Bank interest receivable Other Sales of clothing Other income EXPENDITURE ON: Charitable Activities: Charitable Activities Purchases Wages and salaries Staff training Uniform Utilities Cleaning and maintenance Insurance Printing, postage and stationery Independent examiner's fees Subscriptions Snacks Sundry Depreciation of fixtures and fittings Depreciation of computer equipment	2025 Total funds £ 26
	26 85,305
	85,305 428
	428 142 7,571
	7,713

Page 14

Ilketshall St Lawrence Pre-School Detailed Statement of Financial Activities (continued) For The Year Ended 31 August 2025

Depreciation of freehold land and property Bank charges NET (EXPENDITURE)/INCOME	(4,047) (60)	(4,047) (60)
	(99,358)	(97,270)
	(99,358)	(97,270)
	(5,886)	426

Page 15