**Charity number: 1191861**
**ST MARGARET'S PRE-SCHOOL (A Charitable Incorporated Organisation)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
## **ST MARGARET'S PRE-SCHOOL**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 20|
**ST MARGARET'S PRE-SCHOOL**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025**
|**Trustees**|Georgina Martin, Chair|
|---|---|
||Gill Rees, Trustee|
||Claire Young, Trustee|
||Hayley Woods, Trustee|
||Sarah King, Trustee|
|**Charity registered**
**number**
1191861
**Principal office**
St Margarets Centre
Kenwin Close
Swindon
Wiltshire
SN3 4NY
**Accountants**
Regulatory Accounting Limited
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
**Pre-School Manager**
Hayley Woods
**Independant Examiners**
Regulatory Audit
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE||
Page 1
**ST MARGARET'S PRE-SCHOOL**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees present their annual report together with the financial statements of the St Margaret's Pre-School for the 1 September 2024 to 31 August 2025.
## **Objectives and activities**
## **a. Policies and objectives**
The aims of the Pre-School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
By offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability.
Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
Instigating and adhering to the Statutory Framework for the Early Years Foundation Stage and furthering the aims and objects of the Early Years Alliance.
## **Achievements and performance**
## **a. Main achievements of the Charity**
Another busy year for St Margaret's Pre-School. We have celebrated our normal events such as the Nativity, Easter bonnet and Sports day. We had a summer outing to Roves Farm and attended the local Stratton Festival.
In the year, we were full in nearly every session and had a waiting list for this academic year. We also held an open day in June which was successful and finally helped 16 children transition into 5 local schools.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees believe that although the charities reserves are not currently at the required levels (3 months’ worth of expenditure), the charity does have adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
**ST MARGARET'S PRE-SCHOOL**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **b. Reserves policy**
The trustees feel that the charity need to hold sufficient levels of reserves to ensure the long term security and success of the charity. The trustees feel that 3 months running costs (£24,000) is a sufficient level of reserves to hold for the long term security of the charity.
The current level of unrestricted reserves are £18,000 (2024: £12,242), although this falls below the charities expected level of reserves we do not expect this to be a detriment to the charity and will not affect its ability to operate for the foreseeable future.
The charity also holds a restricted reserve for the maintenance of the school facilities.
## **Structure, governance and management**
## **a. Constitution**
St Margaret's Pre-School is a registered charity, number 1191861, and a CIO foundation incorporated on 16 October 2020, company number CE024107.
There is 5 trustees who have entrusted the pre school manager, who is also a trustee, with the running of the charity activities.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **Members' liability**
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Page 3
**ST MARGARET'S PRE-SCHOOL**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 11 March 2026 and signed on their behalf by:
**Georgina Martin** Chair of Trustees
Page 4
**ST MARGARET'S PRE-SCHOOL**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Independent Examiner's Report to the Trustees of St Margaret's Pre-School ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity'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 2011 Act.
Page 5
**ST MARGARET'S PRE-SCHOOL**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content 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.
Page 6
**ST MARGARET'S PRE-SCHOOL**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 30 March 2026
Robert Stokes
FCCA, ACA
For and on behalf of Regulatory Audit Vicarage Court, 160 Ermin Street, Swindon, SN3 4NE
Page 7
**ST MARGARET'S PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**Income from:**
Charitable activities
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**325**
**-**
**325**|**Unrestricted**
**funds**
**2025**
**£**
**123,686**
**123,686**
**106,790**
**106,790**
**16,896**
**12,240**
**16,896**
**29,136**|**Total**
**funds**
**2025**
**£**
**123,686**
**123,686**
**106,790**
**106,790**
**16,896**
**12,565**
**16,896**
**29,461**|_Total_
_funds_
_2024_
_£_
_94,958_
_94,958_
_102,518_
_102,518_
_(7,560)_
_20,125_
_(7,560)_
_12,565_|
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 8
## **ST MARGARET'S PRE-SCHOOL**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**1,421**
**28,393**
**29,814**
**(2,373)**|**2025**
**£**
**2,020**
**2,020**
**27,441**
**29,461**
**29,461**
**29,461**
**325**
**29,136**
**29,461**|_1,882_
_9,794_
_11,676_
_(1,705)_|_2024_
_£_
_2,594_|
|---|---|---|---|---|
|||||_2,594_
_9,971_|
|||||_12,565_|
|||||_12,565_|
||||||
|||||_12,565_|
|||||_325_
_12,240_|
||||||
|||||_12,565_|
The financial statements were approved and authorised for issue by the Trustees on 11 March 2026 and signed on their behalf by:
## **Georgina Martin**
## Chair of Trustees
The notes on pages 10 to 20 form part of these financial statements.
Page 9
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. General information**
The charity is a charitable incorporated organisation, limited by guarantee, in England and Wales.
The address of the charity is:
St Margarets Centre Kenwin Close Swindon Wiltshire SN3 4NY
## **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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
St Margaret's Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The presentational currency of these financial statements is pound sterling and rounded to the nearest whole number.
## **2.2 Going concern**
These financial statements have been prepared on a going concern basis. The Trustees believe that the charity has the resources and ability to continue to operate for the forseeable future, they are also looking to rebuild their reserves to be in line with the reserves policy stated in the Trustee's report to further solidify the charities long term future.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Page 10
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Fixtures and fittings - 10% Straight Line / 20% Straight Line Computer equipment - 20% Straight Line
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Accounting policies (continued)**
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2025**
**£**
Parent Fees
9,393
Council funding
109,352
Donations Recieved
2,441
Other income
2,500
123,686
_Total 2024_
_94,958_|**Total**
**funds**
**2025**
**£**
**9,393**
**109,352**
**2,441**
**2,500**
**123,686**
_94,958_|_Total_
_funds_
_2024_
_£_
_7,787_
_85,429_
_1,142_
_600_|
|---|---|---|
|||_94,958_|
||||
Page 12
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **4. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2025**
**£**
Pre-School Activities
106,790
_Total 2024_
_102,518_|**Total**
**2025**
**£**
**106,790**
_102,518_|_Total_
_2024_
_£_
_102,518_|
|---|---|---|
||||
## **5. Analysis of expenditure by activities**
|Pre-School Activities
_Total 2024_|**Activities**
**undertaken**
**directly**
**2025**
**£**
94,819
_90,411_|**Support**
**costs**
**2025**
**£**
11,971
_12,107_|**Total**
**funds**
**2025**
**£**
**106,790**
_102,518_|_Total_
_funds_
_2024_
_£_
_102,518_|
|---|---|---|---|---|
||||||
Page 13
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
School Equipment
Health and Safety
Uniform
Subscriptions
Printing, postage & stationery
Software
Trips
Sundry
Travel & Subsistence
Legal and Professional
Outsourced Teaching
_Total 2024_
**Analysis of support costs**
Depreciation
Rent
Accountancy
Telephone
Sundry
_Total 2024_|**Pre-School**
**Activities**
**2025**
**£**
88,074
532
75
-
3,585
18
108
609
42
201
510
1,065
94,819
_90,411_
**Pre-School**
**Activities**
**2025**
**£**
574
9,180
1,850
367
-
11,971
_12,107_|**Total**
**funds**
**2025**
**£**
**88,074**
**532**
**75**
**-**
**3,585**
**18**
**108**
**609**
**42**
**201**
**510**
**1,065**
**94,819**
_90,411_
**Total**
**funds**
**2025**
**£**
**574**
**9,180**
**1,850**
**367**
**-**
**11,971**
_12,107_|_Total_
_funds_
_2024_
_£_
_83,143_
_855_
_329_
_287_
_2,105_
_95_
_419_
_766_
_117_
_888_
_322_
_1,085_|
|---|---|---|---|
||||_90,411_|
||||_Total_
_funds_
_2024_
_£_
_575_
_9,072_
_1,764_
_372_
_324_|
||||_12,107_|
|||||
Page 14
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **6. Independent examiner's remuneration**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**820**|_900_|
## **7. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2025**
**£**
**85,693**
**743**
**1,638**
**88,074**|_2024_
_£_
_81,163_
_431_
_1,549_|
|---|---|---|
||||
|||_83,143_|
The average number of persons employed by the Charity during the year was as follows:
||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Average Number of employees|**6**|_6_|
No employee received remuneration amounting to more than £60,000 in either year.
## **8. Trustees' remuneration and expenses**
During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. The Trustee is paid for their role as Pre-School manager and not for her role as Trustee. The value of Trustees' remuneration and other benefits was as follows:
|||**2025**|_2024_|
|---|---|---|---|
|||**£**|_£_|
|Hayley Woods|Remuneration|**23,983**|_22,517_|
||Pension contributions paid|**532**|_488_|
During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
Page 15
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 September 2024
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_
**Debtors**
**Due within one year**
Prepayments and accrued income|**Fixtures and**
**fittings**
**£**
**2,484**
**2,484**
**776**
**279**
**1,055**
**1,429**
_1,708_||**Computer**
**equipment**
**£**
**1,476**
**1,476**
**590**
**295**
**885**
**591**
_886_
**2025**
**£**
**1,421**
**1,421**|**Total**
**£**
**3,960**|
|---|---|---|---|---|
|||||**3,960**|
|||||**1,366**
**574**|
|||||**1,940**|
|||||**2,020**|
|||||_2,594_|
|||||_2024_
_£_
_1,882_
_1,882_|
## **10. Debtors**
Page 16
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **11. Creditors: Amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**663**
**362**
**1,348**
**2,373**|_2024_
_£_
_657_
_-_
_1,048_|
|---|---|---|
||||
|||_1,705_|
Page 17
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **12. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**September**
**2024**
**£**
**12,240**
**325**
**12,565**|**Income**
**£**
**123,686**
**-**
**123,686**|**Expenditure**
**£**
**(106,790)**
**-**
**(106,790)**|**Balance at**
**31 August**
**2025**
**£**
**29,136**|
|---|---|---|---|---|
|||||**325**|
|||||**29,461**|
The Restricted funds are held for the specific purpose of maintenance and upkeep of the grass section of the Pre-school.
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|_Balance at_
_1 September_
_2023_
_£_
_19,800_
_325_
_20,125_|_Income_
_£_
_94,958_
_-_
_94,958_|_Expenditure_
_£_
_(102,518)_
_-_
_(102,518)_|_Balance at_
_31 August_
_2024_
_£_
_12,240_|
|---|---|---|---|---|
|||||_325_|
|||||_12,565_|
## **13. Summary of funds**
Page 18
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **13. Summary of funds (continued)**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**September**
**2024**
**£**
**12,240**
**325**
**12,565**
_Balance at_
_1 September_
_2023_
_£_
_19,800_
_325_
_20,125_|**Income**
**£**
**123,686**
**-**
**123,686**
_Income_
_£_
_94,958_
_-_
_94,958_|**Expenditure**
**£**
**(106,790)**
**-**
**(106,790)**
_Expenditure_
_£_
_(102,518)_
_-_
_(102,518)_|**Balance at**
**31 August**
**2025**
**£**
**29,136**
**325**|
|---|---|---|---|---|
|||||**29,461**|
|||||_Balance at_
_31 August_
_2024_
_£_
_12,240_
_325_|
|||||_12,565_|
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
325
1,695
-
29,814
-
(2,373)
325
29,136|**Total**
**funds**
**2025**
**£**
**2,020**
**29,814**
**(2,373)**|
|---|---|---|
|||**29,461**|
Page 19
**ST MARGARET'S PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **14. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2024_
_£_
_325_
_-_
_-_
_325_|_Unrestricted_
_funds_
_2024_
_£_
_2,269_
_11,676_
_(1,705)_
_12,240_|_Total_
_funds_
_2024_
_£_
_2,594_
_11,676_
_(1,705)_
_12,565_|
|---|---|---|---|
Page 20