REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 FOR DOWNSIDE PRE-SCHOOL
DOWNSIDE PRE.SCHOOL COP4TENTS OF THK TrJNANCIAL STATEMENTS FOR THE YEAR kNDED 5 APRIL 2025 Page Reference and Admlnlstrntive Dets115 Report of the Trustees Independent Ex8miD¢r's Report StstemeDt of Flllaneial Activitie5 B*l4nce Sheet Notes to the Flllaneial St8tements 8 to 12 DetAiltd St8tement of Flninelal Activities 13 to 14
DOWNSIDE PRE-SCHOOL REFERENCE AND ADMINISTRATIVE DET AILS FOR THE YEAR ENDED 5 APRIL 2025 TRUSTEES Miss A A Evans Mrs C Washington Mrs J Russell Chairperson Treasurer (resigned 19 June 20251 (appointed 24 February 20251 (appointed 24 February 20251 Mrs H Shaw Mr N Shaw REGISTERED OFFICE Oakwood Avenue Dun5table BedfoTdshire LUG 4AS REGISTERED CHARITY NUMBER 1191830 INDEPEP4DENT EXAMINER Stoten Gillam Lim2ted Chartered Ac¢ountant5 Alban House 99 High Street South Dunstable Bedfordshire LU6 3SF Page I
DOWNSIDE PRE-SCHOOL REPORI" OTr TIIL TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 The trustees present their report with the fJnan¢ia] $tat¢ment5 of the charity for th¢ year ended 5 April 2025. OBJECTIVES AND ACTIVITIES Obje¢tlves attd 8iin$ The charity WOTk5 for the public benefit havin8 &8 jts objects the development and education of children and young people in particul by- l - promoting th¢ir care and safety 2 - promoting their education and promoting Pantai involvement 3 - promoting thcir health and wellbeing 4 - providing services to support them and their families and carers 5 - providing sejvices to individuals holding membership of the CIO 6 - furthering the aims of th¢ Early Years Alliance Slgnlfitattt xrtivities I'he Pre-school provid¢$ edu¢ation and carc for children aged 2 - 5 years through a range of play b&sed activities io 5UPPOrt children's Language and Communi¢ations. Perstsnal, Social. Emotional and physi¢al developtnent. Siaff are highly qualified, undertaking continuous professional development to ensure their knowledg¢ and development are kept up to dat¢. We are open 5 doy$ a week, tenn time only. Our Current Ofstead rating is Good. continuing on from our previous January 2024 rating. Our premises are suitabl¢ for this age ran8e with daily safety ch¢cks done to ensure the safety for children and adults. alongside risk asscssments. Our r¢sour¢es are regularly replenished to ¢nsure suitability. The Pre-school follows a]1 legal requirement5 set out in the Early years foundation stage IEYFS) 2023 and policie5 and PTo¢edures are updated to reflect any Changes in Current statutory regulations. As noted last year. trustees continue discussions with th¢ local council rEgaTding the renewal of our le&8e. Thes¢ negotiation5 aim to secure a financially 5U5tainable aangement to support our mission and ensure long-terni stsbility in srrving our cotnmunity. Public benefit The trustees have due regard to the guidAnc¢ on public benefit published by the Charity Commisston 2006 Act section 4. Volunteers TTUStees appointed to the committee are volunteers and are ap]x)inted by at least one trustee at an AGM. FINANCIAL REVJEW Prineip*l funding sourte5 During the year, irt addition to fres. the Pre-school received loca] authority 2 year. 3 year and 4 year fundin8. A gran( of £10,000 was Secured to repla¢¢ the pw¢hool flooring. Page 2
DOWNSIDE PRE-SCHOOL REPORT OF THE TRIISTEES FOR THE YEAR ENDED S APRIL 202$ FINANCIAL REVIEW Reserve5 policy A fonnal Rescrves Policy was adopted by the Trustees artd put into place on 3 April 2025. The trnstees have dc5ignated a proportion of the unrestricted reserves and have physically transferred th¢s¢ monie5 into the charity's bank deposit a¢¢ount. These designated funds are to be used solely for the coverirtg of unexpected shortfalls in income. managing unforeseen increase% irt essential costs- meeting one-off etnergen¢y ne¢d5; funding staff redundancies, if required. artd supporting ally orderly wind-dowm process if the charity were no lottger financially sustainable. The balallce of the r¢stricred and designated reserve5 at 5 April 2025 was £46,372. This includes the r¢stricted grant of £IO.000 for the flooring iogether with the balance of the f¢n¢ing grant which has now been lornieTly released by the donor to b¢ for the use of enhancing the childr¢n's ¢nvironment and learning. Expenditure from this grani of £7,877, equat¢s to £2,554 which included bikes. s¢¢xi¢¢T5. a $lid¢ and a rol¢ play kitchen. The remaining funds of £5,323 are eamiarked for new blinds and CCTV. The balance of the reserves at the end of the year ar¢ follows - Unrestricted Reseryc Designat Reserve £39.737 £31.049 Total Unrestricted and Designated Reseryes £70.786 Restr5Cted Reserve £15,323 Total Reserves £86,109 These reserves provide important financial PTOtection. ensuring that organisation can manage potential operational challenges, itxcluding po55ible stsff redundancy cost5, ongoing operational exp¢ns¢5, and maintaining wage commitments in the event of Ullexpect delays in funding payments. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing dotum¢Dt The Downside Pre-school CIO 15 a Charitable Incorporated Organisation in England and Wales, charity registration number 1191830, which follows the Early Years Alliance Model Constitution for Pr¢-s¢hoo5s. Tru$t¢e$ Ind governanee An Extraordinary General Meeting was held in February 2025. durin8 wh2ch new trustees were elected. These new tn]stces are currently und¢rgoing the required checks io assume their roles fully. Health gnd Wellbeing AsY8rd Itl December 2024, Downsid¢ Pre-S¢hool was hOnoud with ihe Hea]th Child Healih Workforce Award, r¢cognising our commitment to promoting both physical and mentsl w¢llb¢ing. This award highlights our efforts to nurture healthy habits for children while fosteritlg staff wellbeing so OUT teaTn can ¢ontinue delivering high.quality care in a 5UPPOrtive environment. Sta1¥ and enrolment At the end of the financial year we had 9 staff members and 55 children on roll. Page 3
DOWNSIDE PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 202S STRUCTURE. GOVERNANCE AND MANAGEMENT PIAns for th¢ Future LeAse Renewal: Continue engagement with the local council to seeure a sustainable le&se that supports long-term service delivery. Use of rel¢#$e restrieted funds: Complete installation of new blinds and CCTV to further erthance safety and learning environments, Flooring upgrade: £10,000 flwring grant secured: insta]latiOTL schedule for August 2025. Tryslee ollboardimg: Progress the vetting and integrdtion of newly elected tTUStees into 8overnan¢¢ pwti¢¢s. FuDdrai5iDg for preschool outlng: Commence fundraising aetivities to support pr¢s¢hotsl trip in Summer 2026. Approved by order of the i%)ard of trustee5 on 7 November 2025 and signed on its behalf by.. Mrs C W&%hin8ton - Trnstee Page 4
INDEPENDENT EXAM INER'S REPORT TO THE TRUSTEES OF DOWIYSIDL PRE-SCHOOL Irtdependent exAmlDer's r¢port to the trustees of Downside Pre-school Chri¢4bl¢ Incorporated Organl$ation ('the CIO,) I report to the charity trust¢C5 on my examination ofthe ac¢ounts of the CIO for the y¢ar ended 5 April 2024. Respon5ibilitie5 ADd b•si$ of report As the charity trnstees of the CIO you are re$ponsible for the preparation of ih¢ a¢¢ounts in accordance with th¢ requirements of the Charities Act 2011 I'the Act')- I report in respect of my examination of th¢ CIO'S accounts carried out under s¢Ction 145 of the 2011 Act and in canying out my examination I have followed all applicabl¢ Dire¢tions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent eJminer 5 St¥4tement I have complete my examination. l ¢onfirni that no material matters have come to my attention in GonnectiOTL with the ex8minatiOll giving m¢ cause to believe that in any m*¢ria] Tespect: l. accounting records were not kept &s required by section 130 of the A¢t' or 2. the CoUnts do not accord with those re¢ords; or 3. the accounts do not comply wilh the applscable requirements concerning the fonn and ¢ont¢nt of accounts Set out tn the Charitles (A¢¢ount5 and Reports) Regulations 2008 other than any requirement that tbe accounts give a'true and fair view, whi¢h is not a matter Gon5idered as part of an independent examination. I have sjo concern5 and have come across no other matters in connection with the examination to which attention shOld be drawn in this report in order to cnable a proper understanding of the accounts to be reached. Mr Christopher Trevor The Institute of Chartered Accountants in England and Wales Stoten Gillam Limited Chart¢red Accountants Alban House 99 High Street South Dun%table B[ordshIrc LU6 3SF 10 D¢¢¢mb¢r 2025 Page 5
DOWNSIDE PRE-SCHOOL ST ATEM ENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 2025 Tot21 funds 2024 Tota] funds Unrestricted fund Restricted funds Noies INCOME AND ENDOWMENTS FROM tk>nations and legacies 215,4211 10,000 225.420 192.181 Investment incom¢ 569 569 457 Totsl 215,989 10,000 225.989 192,638 EXPENDITURE ON Charitable activitles Pres-sehiM)I 198.795 2,554 2111 J49 186.521 NET INCOME 17,194 7,446 24,640 6.117 RECONCILIATION OF FUNDS Total funds brought forward 53.592 7.877 61.469 55.352 TOTAL FUNDS CARRIED FORWARD 70.786 1SJ23 86.109 61,469 The notes form p¥rt of these financial statements Pag¢ 6
DOWIYSIDE PRE-SCHOOL BALANCb: SHEET S APRIL 2025 2025 Total funds 2024 Total funds Unrestrhcted fvnd Restri¢t¢d funds Notes CURREIYT ASSETS Debtors C&sh at bank 17,535 56,432 17,535 73J79 3,681 60,550 16,947 73,967 16,947 90,914 64,231 CREDITORS Amounts falling due within one year (3.181) (1,6241 {4J05) {2,762) NET CURRENT ASSETS 70,786 ISJ23 86,109 61,469 TOTAL ASSETS LESS CURRENT LIABILITIES 70,786 15J23 86.109 61.469 NET ASSETS 71b,786 15 J23 86,109 61,469 FUNDS Unrestri¢led fund5 Restricted funds 70,786 1SJ23 53.592 7.877 TOTAL FUNDS 86.109 61,469 The charitable company is entitled to exemption from audit under Seetion 477 of the Companies Act 2006 for ihe year ended 5 April 2025. The Members have not required the company to obtain an audit of its finaneial Statements for the y¢8r end¢d 5 April 2025 in ac¢ordance with Section 476 of the Comp8ni¢s Aci 2006. The tn]stees aeknowledge their SponSibL7]t]es for (al ensuring that the charitable eompany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial stateEnents which give a tn]e and fair view of the state of affairs of the charitable eompany as at the end of each fJnan¢ial year and of its surplus or deficit for each financial ycar in accordance with th¢ requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Compat)ies Act 2006 relatin8 to financial st*¢ments, sts faT a5 applicable to the charitable company. (bl These financial statements have been pr¢pared in accordan¢e with the provisions applicable to charitable companie5 5ubjcct to the small companie5 regime. The financial statem¢nts were approved by the Board of Tru5tee5 alld authori5ed for Éssue on 7 November 2025 and were signed on its behalf by.. C Washingtr>n - Trustee The n(ptes ft>rm part of these financial s¢at¢ments Page 7
DOWNSIDE PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APWL 2025 ACCOUNTif4G POLICIES B&5]5 of preparillg the finattcial st2tements The charity constithtes a public benefit entity &s defined by FRSIO2. The fJnan¢ial statements have be¢n prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in actordanG¢ with the Financial Reporting Standard applicable in the UK and Repllbli¢ of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ir¢land (FRS 102}. the Charities Act 2011 and UK Generally Aecepted Aecouniing Practice. The financial statements have been prepared under the historica] cost convention. Income All in¢ome is recognised in the Statement of Financial Activities once the charity has entitl¢m¢tJt to ihe funds, Lt is probable that the income will be r¢¢¢iv¢d and the amount can be me&sured reliably. Expendhture Liabilities are recognised as expendibJre a5 soon as there is & legal or constructive obligation committing the charity lo that expenditure. it is probable that a transfer of economic benefits will be required in settlcmcnt and the amount of the obligation w be measured reliably. Expenditure is accounted for on an accnlS basis and has been classified under headin85 that a88rcgate all cost related to the category. Where cost5 cannot be directly attributed to parti¢ular heading5 they have been allocated to activities tsn a basis consistent with the use of resollre¢s. Taxatlon The chariry is exempt from corw>rdtion th on its charitsble activities. d aeeoutttittg Unrestricted fi]nds can b¢ used in accordance with the charitable objectives at the discretion of the trustees. Restrict¢d fund5 ran only be used for particular restTlCted purposes within the objects of the charity. R¢stri¢tions arise when Specified by the donor or when ftsnds ar¢ raised for particular restricted purp)5e5. Pension c(b$t$ 8nd otber post-retirement bettefit5 The charitable company operates a defined contribution pension scherne. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. INVESTMENT INCOME 2025 2024 Deposil aoUnt interest 569 457 Page 8 ontinued...
Dowf4sIDE PRE-SCHOOL NOTES TO THE FINANCIAL SI'A'I'LMENTS - continued FOR THE YEAR ENDED S APRIL 2025 TRUSTEES, REMUNERATION AND BENEFITS There wer¢ no trustees, remuneration or other b¢n¢fLt5 for thc year cndcd 5 April 2025 nor for the year endcd 5 April 2024. Trnstee$' expen$ts There wete no trustees. expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024. STAFF COSTS The average monthly number of employe¢5 during the year was as follows: 2025 2024 io Early years edu¢aiors No employees re¢¢ived emoluments in exc¢s5 of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total fund5 INCOME AND ENDOWMENTS FROM Donations and legacies 192,181 192,181 Investment in¢ome 457 457 Total 192.638 192.638 EXPENDITURE ON Charlt4ble aetivities Pres-school 186.521 186.521 NET INCOME 6,117 6,117 RECONCILIATION OF FUNDS Tota] funds brought forward 47,475 7,877 55.352 TOTAL FUNDS CARRIED FORWARD 53,592 7,877 61,469 Poge 9 continued...
DOWNSIDE PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED S APRIL 2025 DEBTORS: AMOUNTS FALLIP4G DUE WITHIPI ONE YEAR 2025 2024 Prepayments and accrned tncome 17.535 3.681 CREDITORS: AMOUNTS FALLIIYG DUE WITHIN ONE VEAR 2025 2024 Accrua]s and d¢f¢Tred income 4,805 2,762 There were nts secured creditors, either during the year or at the yearend. Nor was there any guarantees given in the year. MOVEMENT IN FUNDS Net movement in funds At 514125 At 614124 Unrestricted funds General fvnd 53.592 17,194 70.786 Restricted funds Fencing Flooring 7,877 (2,554) 10,000 5,323 10,000 7,877 7.446 15J23 TOTAL FUNDS 61,469 24,640 86.109 Net movement in funds, included in the above are as follows= IncoTning resourc¢s Resources expended Movement in funds Unrestricted funds Generdl fund 215.989 (198.795) 17,194 Restrleted funds Fencing Flooring (2.554) 12.554) 10,000 10.000 10.000 (2.5541 7.446 TOTAL FUNDS 225,989 (201 J49) 24,640 Page 10 ¢ontinued...
DOWNSIDE PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 5 APRtL Z025 MOVEMENT IN FUNDS - c(bntlnMed Cornp8ratives for movement tsnds N¢t movement in funds At 514124 At 614123 Unrestricted funds General fund 47,475 6.117 53,592 Restricted fllnds Fencing 7,877 7,877 TOTAL FUF4DS 55.352 6,117 61,469 Comparative net movement in funds. included in the aF%)v¢ are as follows: Incoming resource5 Resour¢es ¢xp¢nd¢d Movement iTt funds Unrestricted fund5 Genern] fund 192,638 {186.521) 6,117 TOT AL FUNDS 192.638 1186,521) 6,117 A ¢urrent ye&r 12 Tnonths and prior year 12 months ¢QTnbiTLed position is as follows.. Net movement in funds At 514125 At 614123 Unrestrleted fund5 General fund 47,475 23,311 70,786 Restrleted fund8 Fencing Flooring 7,877 {2.554} 10.000 5.323 10.000 7.877 7.446 15.323 TOTAL FUNDS 55.352 30,757 86,109 Page 11 continutd...
DOWNSIDE PRE-SCHOOL NOTES TO THE FINANCIAL STATEM Tr.NTS - eontinued FOR THE YEAR ENDED 5 APIUL 2025 MOVEMEP4T IIY FUNDS - continued A current year 12 months and prior year 12 months combined net movernent in funds, included in the above are as follows.. In¢oming resources RtSOUTCeS ¢xpend¢d Movement in fund5 Unrestri¢ted fund5 General fund 408.627 1383,3161 23,311 Restricted fund$ Fen¢ing Flooring 12,5541 {2.554) 10.000 10.000 10,000 (2.554} 7,446 TOTAL FUNDS 418.627 1387,870) 30.757 RELATED PARTY DISCLOSURES During the year the charity'5 treasurer, Mrs C Washington,,was paid a total of £3,917 12024: £2.0081 for her administration services and reimbursed £550 12023.. £1,258) for travelling and a¢¢ommod*ion Charges to perfomi this t)CtIon. She rec¢ives no payment nor is paid an enhanced rate due to her position &s a trustee. Page 12
DOWNSIDE PRE-SCHOOL DETAILED STATEMEf4T OF FINANCIAL ACTIVITIES FOR THE VEAR ENDED 5 APRIL 2025 2025 2024 INCOME AND ENDOWMENTS DonitlOll5 and legatie5 Donations Grants Fees 200 167,341 24,640 210.875 225,420 192,181 Inve$tment income Deposlt account int¢Test 569 457 Total lll¢oming re50urct5 225,989 192,638 EXPETr<DITURE ChArit8ble aetivities Wages Social se¢urity Pensions Edllcational Re5011Tce Classroom refreshments Ofsted ftts Staff training Staff uniforn) DBS checks Staff welfare stsff supply cover 150,443 8,589 2,77S 4,493 1,537 35 185 241 333 310 4.661 147,197 4,592 2,112 3,546 1,532 35 400 322 124 517 173.603 160.377 Support costs Mgngg¢m¢nt PreEni5¢s costs oirice costs Administration expenses CoTnTnunicatiOTLS Maintenance and T¢pairs Cleaning Advertising Travel and subsistence Li¢en¢es and subscriptions Early Years Alliance membership 5.445 1,642 4.691 962 3,056 7,198 90 1,028 795 1,585 2,152 3,730 1.494 8,226 6,065 1,258 1.066 1.036 26,492 25.027 This page does not forn part ofthe statutory finan¢ial statem¢nts Page 13
DOWNSIDE PRE-SCHOOL DETAILED STATF.M ENT OF FINAl¥iCIAL ACTIVITIES FOR THE YEAR ETrqDED S APRIL 202S 2025 2024 ManageMet Finance Bank charges 114 97 Governanet e05t5 Accountancy 1.140 1,020 Total resourc¢s expended 201 J49 186,521 Net Income 24,6411 6,117 This page d0¢5 not fonn part of the statutory financial statements Page 14