2024-07-31-accounts

KINGSCLERE PRESCHOOL Trustees' Annual Report (TAR) February 2023 to July 2024

Charity contact information

KINGSCLERE PRESCHOOL

Charity Number: 1202047

Address: Scout Hut, Strokins Rd, Kingsclere, Newbury

RG20 5RH

Telephone number: 01635 299566

Email address:

Website: www.kingsclerepreschool.co.uk

Trustees Welcome Message

Dear Families, Friends and Community

Kingsclere Preschool is a community-run not for profit charity preschool, formerly known as Busy Bees Playgroup, which was established in 1976. It is a friendly setting based in the picturesque village of Kingsclere which provides high-quality, enriching Early Years Foundation Stage (EYFS) curriculum as well as fun and care for the alt-round development of children aged 2-4 years old. The preschool accepts children from Kingsclere and all surrounding communities.

Our setting provides a large enclosed outdoor space, access to a local park and short walks to local amenities such as the village library. We are open weekdays 8.30-3.00 during term time only. Our impact has been felt across generations in our community with excellent childcare and early years education enabling children to prepare for primary school and beyond.

The most significant event of this TAR period was the re-registration from Busy Bees (an unincorporated charity) to Kingsclere Preschool CIO (a charitable incorporated organisation). The CIO was registered as a charity in February 2023 but was not active until our Ofsted registration in November 2023, and then became operational to start the spring term in January 2024 as Busy Bees closed and all assets were transferred. The change in charity structure was recommended by the LA and Early Years Alliance, as a CIO structure is simpler administratively, means the Preschool is its own legal identity, and removes personal financial liability for trustees. This was a significant milestone in terms of securing longevity for the preschool, but has not changed our service delivery or our mission: to provide quality preschool care and education to the children and families within our community.

Looking ahead, we aim to build on the financial and sustainability progress of the last year so that we are in a strong position to navigate challenges and embrace opportunities that arise. We believe in the mission and values of the preschool, and are always working to ensure that it is here for years to come.

Thank you for being here. The involvement of current parents is vital to our ongoing success, and we look forward to another year of collaboration and achieving the best for everyone who is part of our preschool.

Warm regards,

Kingsclere Preschool Trustees

Charity Trustees

1. cat Bush (Feb 2023)

2. Emma Sternquist (Feb 2023)

3. Brandon Sternquist (Feb 2023)

4. Rachel Rebbettes (May 2024)

5. Laura Campbell (May 2024)

Objectives and activities Aims:

• To provide a stimulating environment for the children, which encourages their all-round

• development through the provision of appropriate learning opportunities. To ensure the safety of the children in our care. To achieve the desirable outcomes of the foundation stage curriculum applicable to two, three and four year old children. To provide equality of opportunity for all children and families. To make preschool accessible to children and families from all sections of the local community.

To identify and assess special educational needs, and to make appropriate provision.

Structure, governance and management

Constitution

Kingsclere Preschool operates under a constitution, which governs and sets out the preschool's purpose, structure and describes how we operate. Kingsclere Preschool has adopted the CIO constitution set out by the Early Years Alliance.

Our structure includes Governance (the committee of voluntary trustees), Management (the preschool manager and deputy), and Staff (preschool practitioners, apprentices and admin support).

Voluntary Trustees (Committee)

The charity is managed and controlled by the Committee, as charity trustees. The trustees ensure that the charity complies with the constitution and delivers the overarching governance of the preschool, sustains continuing support and engagement with management, and initiates regular meetings and actions to meet regulatory requirements. The Committee can have a minimum of 3 and maximum of 12 members, and is made up of parents of preschool children or community members.

Trustee recruitment is through public appeal to current parents/carers and the local community, with voluntary trustees putting forth their name and current committee members confirming their appointment. All committee members are voluntary trustees and no external or third party body appoints trustees.

• During the period of the TAR, no volunteers stepped down from the Committee.

• During the period of the TAR, two volunteers joined the Committee— Rachel Rebbettes and Laura Campbell.

The preschool cannot exist without a committee, and recruitment of new members is essential. Only one of our trustees is a current preschool parent.

Management and Staff

The setting is managed by the Preschool Manager and Deputy Manager. Managers and staff are responsible for the delivery of the child development and education aims of the preschool through a high-quality, enriching EYFS curriculum, experiences, and meeting of enrolled children's needs. The management and staff structure includes five qualified, full time individuals - this meets required adult-to-child ratios and ensures children are fully supported and provided with individualised care.

Achievements and performance

During the period of the TAR, our preschool has delivered the following to support the children in Kingsclere and surrounding communities who attend our setting.

• 37 children enrolled, aged 2-4 years old;

• 19 children supported in their final year of preschool prior to primary school;

• multiple preschool-aged and community events and experiences provided.

The preschool has continued to deliver upon the Sustainability phase (stage 3/3) of Busy Bees Business Plan, set out for the period of August 2023 — September 2024. The plan has taken the preschool from the emergency measures previously experienced, through to full financial recovery.

(The Business Plan can be found in the last TAR report for Busy Bees Preschool on the charity commission website).

Financial review

Statement of the charity's policy on reserves

As expected by the Charity Commission which regulates charities in England and Wales, Kingsclere Preschool must determine, publish, implement, and monitor its charity reserves policy to comply with our legal and regulatory responsibilities.

To meet the requirements of this charity reserves policy and related obligations:

• Kingsclere Preschool's policy shall be to retain or, where reserves are below the agreed level, to work to secure three times the charity's average monthly outgoing costs from the previous year;

• The reserves level will be confirmed annually by the Trustees upon finalisation and submission of the charity's financial accounts to the Charity Commission;

• Actual reserves will be monitored regularly, with a reserves status, value, and related actions addressed at formal Committee (Trustee) meetings where an agenda is set; and The review of this policy will align to organisational standards for policies and procedures.

Reserves are necessary to mitigate the risk of external factors not within the setting's control and/or other developments which could lead to any unplanned closure(s) for any time between 1 day and 3 months. This supports resilience to incidents, prolonged impacts, and other

adverse developments. Most critically, this will enable continuity of services and operations for the children enrolled, parents and carers, and our pre-school community.

The reserves held by the Preschool at the end of the TAR period are E40,OOO.

Details of any deficit

During the period of the TAR the preschool did not experience a deficit.

Grants and fundraising

Kingsclere Preschool has a regular schedule of fundraising events and valued financial supporters. Greenham Trust, Kingsclere Parish Council, Kingsclere Tower, Robert Higham Educational Trust, The Snowdrop Foundation, and Lord Andrew Lloyd Webber have been repeated contributors, and our Halloween Disco, Christmas Fayre and Readathon have been among our fundraising successes. During the period of the TAR our fundraising income was approximately El Ok.

Future plans

Following previous years of low birth rate, enrolment over the TAR period increased and the preschool was at capacity by the summer. As other settings in the area have closed and as demand increases throughout the academic year to peak in the summer term, we anticipate that it may be necessary to operate a waiting list. We would like to be able to offer a place to all applicants and not have to turn anyone away, and with that in mind the trustees are considering the suitability of the Scout Hut, the space available and the limited hours it offers as a packaway setting. In the coming year(s) we intend to continue to provide early years care and education, with the potential to increase provision and work in partnership with the primary school to share space and resources.

Declaration

Signed on behalf of the charity trustees (Committee):

Print	name	Cat Bush	Cat Bush
Position		Trustee
Date
		01 Aug	2024

Companv registration number.. CE031476 Chariry, regisiralion number.. 1202047 Kingsclere Preschool (A company liiniled by 8uaranieel Annual Report and Firhancial Statements for the period from 2? February 2023 10 31 July 2024 E J Business Consultants Limited No 2 Toomers Wharf Canal Walk Newbury RG14 IDY

Kingsclere Preschool Contents Reference and Athninistraiive Detsils Trustees. Report 2￿3 Statement of Trustees. Resp)nsibilities Independ¢nt Examinerfs Report Statemeni of FiThancial A¢iiviiies Balance She¢1 Notes to the FÈnancial S￿ements 8t016

Kingsclere Presehool Reference and Administratii'e Details Trnstee5 B Siernquist lappointed 22 February 20211 Lydia Charlotle HaAe)'_Tomlinson iapp)inted 22 May 2023 Emma Srnqui51 lapw)inied 22 Februarv 20231 Laura Helen camp￿11 lappoint¢d 22 May 20231 Catherine Bush lap￿in1td 22 Febwat). 20231 Rachel Joy Rebbettes lappointed 22 May 20231 Principal Office The S¢oui Hul StrokiThs Road Kitlgsclere N•%bury BeTkshire RG20 5RH Comp%Dy Registration Number CEOi1476 Cbrity Rtgistratioll Nuwber 12021H7 Independent EiamiTher E J Business Consultsnts Limiied No 2 T(M)mers W'harf Cana] Wa]k N•+bury RGI4 IDTh' Page I

Kingsclere Preschool Trustees, Report The trustees, who are direcwrs for the purFxJses of company law. present the muai repon together with the rinancial sthtements of the charithble company for the period ended 31 July 2024. Objectives And i¢ilwities Public benefii The chariiy works for thc public bet)efii hovin8 as It's objeciive the development atbd education of ¢hildTen atjd young peopl¢ in particular by.. l. Promoting their care and safety. 2. PronM)ting iheir education and promoiing partntAI involvemeni. 3. PronK)iin8 their h¢alth and wellbein8. 4. Providing servicc5 10 5uppn them arbd thcir families and ¢arers. 5. Providing seryi¢e$ ￿ individuals holdin8 membership of th¢ CIO. 6. Furtherin8 the aims of the Pre•S¢hool Learning Alliance. The irusiees Confimi that ihey have CLYnplicd with Ihe requirements of Section 4 of th¢ Charities Act 2011 to have due re8hrd ￿ the public benefit 8uidan¢¢ published by the Charity Commission for England and Wal¢5. Stru¢ture. govtrnant¢ ind m•n8ement Fi**n¢i#l in5trnmfthts objec1lw￿ 4ndpollcleJ The ¢harit)'s acliviiies exp)se li io & number of finoD¢ial ii$ks including credii risk. cash tlow risk and liquidity risk. The use of financial deri%'atives is govcrncd by the chori1!'s w>licic5 approved by lh¢ board of ¢Nsi¢es. which proTride written prin¢iples on Ihe use of rIna￿l¥l derivatives lo manase these risks. Th¢ charity d¢xs not use d¢rivAliTre financial insimments for speculati%'e purposes. Coshflow ris The chariiy-s a¢tiviti¢s exwse li primarily io the financial risks of ¢hang¢s in foreign curreney ex¢hange raics and in¢¢resi rate5. The charity uses foreign exchange forward coniracts and interest roie swap ¢ontracts to hed8e th¢se e.xp05ures. Interest bearing asse¢s and liabilities are held ai fixed rate to ensure ¢enainty of cash flows. Credli rlsk The charity's prinripal financial assets are bank balances and cash, trade other receivables, and investments. The ¢harity'5 Credit risk is primarily attributable 10 its trade re¢¢ivable5. The amounts pre$¢nted in the balance Sheet are nei of allowances for th)ubtful r¢¢eivab1¢5. An allowance for impaimicnt 15 made where there is an idenlifi¢d10ss event which. ba5¢d on previous experience, is ¢viden¢e of a redu£lion in ihe re¢ovuability of the ¢ash flow5. The credit risk on ljquid fiLTKls and derivative financial instruments is limited because the counterparties are banks wilh high credit-ratit)gs assi8ned by internaiional credit-rating agencies. The ¢hariiy has no 518nifieant ¢on¢¢ntrdtion of credit risk, with exw>5ure Spread over a laxge number of counterparties and customus. Pa8e 2

King5clere Preschool Trustees, Report Liquidity, risk In order ￿ maintain liquidity to ensure that 5uificieni funds are available for ongoing operaiions and future d¢veloptnents. th¢ rharity uses a mixture of long-terni and shon-ierni debi finance. Further deiails regarding Ihquidiry risk ean be found in the Staternent of xcouniing trt)licies in the fman¢iaJ slatements. The annual report was approved by the trustees of the charity on ..28 Nov 2024 and si8ned on its behalf by.. Emma Sternqutst Trusttt Page 3

Kingsclere Pre5ehool Statement of Trustees. Responsibilities The trustees IWIK) are also the direfflors of Kingsclere Pres¢lKX)I for the purwses of ¢ompany lawl are responsible for preparing the trustees, rwrt and the financial stsiem¢nts in accordance with the Lniied Kingdom Accounting Standards (Uniied Kingdom Gen¢T￿lY Acceptrd A¢£ountiThg Prac¢icel and applicable law and iegulations. Company law requires the trusttts io pr¢par¢ financiat 5￿C￿ents for each financial period. Under company law the trustees musi not approve the financial 5tatemen¢s unless th¢v are sarisfied thol they gil'e a mie and fair ￿tW of the stsre of affairs of the charitable compan). and of its Incomin8 resour¢¢s and applicaiior) of Te50urce5. includin¥ its income and expendin]re. for th#t period. In pr¢paring these financia] statements. th¢ 1rn5t¢es are required to.. select suitable accounting polici¢5 and applv them Consistently- observe the methds ar￿ principles in the Charities SORP: make judgements and c51imate5 thai ¢ reawnable and prudenL state whether applieable UK Accounting St3ndard5 have b¢¢n followcd, subjeei to any rnaterial departures dis¢105¢d and explairted irh ihe financia] statements: and prepare the finan¢ial sthtements on th¢ going concern basis unles5 it is it12ppropriate to presume that the charitable company MTrll eoniinu¢ in busincs5. The trusiec5 are resw)nsible for keeping adequa1¢ accounting records that are suffi¢ieni to Sho￿ and explain ihe Charitsble company's transactions and di105e with reasonable accurdcy ai any time the financial position of the charitable company and enable ihem to ensure thai the financial siaiements comply with ihe Companies .4ct 2006. Thei" are also r¢s￿nSible for saf¢guardin8 the assets tsf the charitable company and hence for laking r¢asonable steps for the pre%'ention and detection of fraud and other irregulatiiies. 28 Nov2W24 Approved by the tnjsitts of the charity ot) .................... and sigr)ed on its behalf by: Emma Sternq￿ls1 Tru51ee Pag¢ 4

Kingsclere Preschool Independent Examiner's Report to the trustees of Kingsclere Preschool l report on the accounts of the chartty for the )'ear ended 31 July 2024 w'hich are set oui on pages 6 to 16. Respective respon5ibililies of irustee5 and examiner The trustees (who are also the directors of the compan) for the purposes of companN lawl are responsible for the preparation of the accounis. The trustees consider thai at) audit is noi requjred for ihis yeat under section 14421 of the C.hariiies Act 2011 lih¢ 201 l A¢tl and thai an ind¢p¢ndent examination is needed_ Having satisfied rnyself that the charity is subject to audit under Company law and is eligible for independent examination. li is my resrx>nsibility' lo.. exarnine the account5 u[￿er 5CCtion 145 of the 2011 Act: to follo￿ the procedures laid in the generdl Dircciions given by the Charity Commi5SLon under 5eaion 14515Xbl of the 2011 Aci: and its slat¢ whether parti¢ul¥ matt¢ts have ¢ome io my attention. Basis of itsdeptndeni e54mitser'$ report My exomin2110n carried out in accordan¢e with the genern] Dire¢iions given by the Charity Commi55iOTh. examinalyon includes a review ol the accounling records kepi b)" the charity, and a comparison of the accounts presented with those records. li a150 includes consideraiion of any unusual iiems or disclosur¢s in the a¢¢ounts, and seeking ¢xpl8naiions from }ou as tyusi¢es ¢on¢eming an)" such rnatters. The procedures undertaken do not provide all the eTridence that would be required in an audit and coThsequenily no opioion is giv¢n as to whether the aecolmts pr¢s¢nt a 'tnLe and fair %'i¢w' and ihe is limited io those matters set Out in the $￿emenT below. Independent ex*miner's stgtement In conneciion with my examinaiion. rm) maller ha5 come io mv allention.. I I I which gives me reasonable cause to believe in aftv mat¢rial r¢sp¢¢i the requirements.. to keep accounting T￿OrdS in acrordance ￿'1th section 386 of the Companies Act 2006: at to prepare accounis which accord uith the accounting records. comply with ihe accounting requirements of section 396 of the Companies Act 2006 and with the meihods and prin¢ipl¢s of ihe Sthiemeni of Recommended Prdciice.. .4ccouniing and Rewning by Ch2riiies have noi been met; or 121 to which in my opinion. attention should be dra%￿ in order ro enable a proper understsnding of ihe accounts be rea¢h¢d. No 2 Toomers Wharf Canal Walk Newbury RG14 IDY thie.. Pag¢ 5

KiDgs¢lere Preschool Statement of Financial Actii'ities for the Period (rom 22 Februar), 2023 to 31 July 2024 {IncludiDg Income and Expenditure Account #Dd Statement of Total Recognised Gains 4Dd Losses) IIDrtsiri¢ied fund5 Total 31 J￿lY 2024 Gentr•l Note Income and Endowments from: Donations and legacies her incom¢ 34,819 101.272 34.819 101.272 Total In¢ome 1.16.091 136,091 Expenditure on: RAisinb funds Choriiable activitie5 56.6491 Total Exp¢ndiDJre 168.0801 168.0801 Net income 68.011 68,011 Re￿￿¢111#(10ffi of fundi Total fund$ ¢wried forward 68.011 68.011 All of the ¢hariry's aciiwities dtriv¢ frvm ¢oniinuin8 operntions dyring the atK*Ve period. Pa8e 6

Kingsclere Preschool {Regis¢ration number: CE031476) lance Sheet as at 31 Julv 2024 31 Jul) 2024 Ntsit Current assets Debiors Cash at bank and in hand 1.774 68.771 70.545 Creditors: Amounts falling due Trithin ont vur 12.3161 Net amets 68,229 FuDd$ of the chrity: Unrestrirted income funds Unrestricied fvnds 68,011 To￿1 funds 68.011 For th¢ financial period ending 31 July 2024 the charivj" was entitled to exernptkon from audit under 5eciioTh 477 of the Companies Art 2(M)6 reling kn sma]I cornpanits. Directt>rs' reS￿nsIbIlit7￿-. The members have not required the chariry ￿ obiaÉn an audii of its a¢￿Unts for the period in question in accordance with %¢tion 476," and The directors acknowledge their reswnsibiliiies (or ¢omplving with the requirements of the Act with respeei to accounting record5 and the preparation of accounts. These accounts have been pr¢par¢d in accordaD¢e with the provisions applicable to companie5 subject to the small compw)ies regime. The financial ststements on pages 6 10 16 were approved by the trLLStee5. and authorised for issu¢ on 28 No¥ 2024 and signed on their behalf b).: Emma Sternquist Trusiee Page 7

KiDgs¢lere Prewhool Notes to the Financial StatemeDts for the Period from 22 February 2023 to 31 July 2024 I Charity. status The charity is a chariry limiied by 8uarant¢e and consequenily does not have shar¢ ¢apith]. Each of the ttijstees is liable its contribuie at) amount not exce¢ding £Nil towards the assets of the charit). in the event of liquidaiion. Z ActountiDg policies Symmar). of si%nificAoi ¢¢ounting policies d kry %c¢ountittg estimxles The prin¢ipal accouniing policies applied in the pr¢par31ioTh of these financial statements ar¢ sd out below. These polLCLe5 have beeD ¢onsistently appla¢d io all the years pres¢o¢e4 un1¢55 otheTh47s¢ stsied. SttemeDt of compli•nce The financial 5tstements have been prepared in a¢¢ordance ￿1th Accounting and Reporting by Chan"ties.' Statement of Recommended Practice appltcable lo eharities prtparing their accounts In arcordance with the Financi￿ Re￿)rtIng Standard applicable in the LK and Republic of Ire12nd IFRS 1021 leffective l Januarj 20151- Ichartii¢s SORP IFRS 10211. the Firwi¢ial Reponing Sthndawd applicable in th¢ UK and Republic of Ireland IFRS 1021 and the Companies Act ?006. Basis of preparatio Kingscl¢re Preschool meets the defjniiion of a public benefit ¢n¢ity UT￿tr FRS 102. Assets and liabilitie5 are initially recognised ￿ hisiorical c05t or transaction value unless otherwise stated in the relevant acc4)unting p)licy notes. Going concern The trusitts consider there art no maierial uncemairtties aknut the charity s abiliij to as a 80in8 concern nor any 5j8t)ifJc2ni areas of uncertainty that affe¢1 the C￿'ing valut of assets held by the charity. Exemption from prtparing * ¢$h Ilow statement The charity. opt¢d to earl} adopt Bullrfin I published on 2 F¢bnwy 2016 and have therefor¢ noi included a ¢￿h flo￿ staternenl in thes¢ finan¢ial #atemenL%. Intom¢ Ind ¢ndo%rneBts All income is Tecognised once the eharii& has enritlement io the income. il is probable thai the inc4)me will be r¢¢eived and the amount of the iv¢ome receivable can be m¢asur¢d Teliablv. Dono1ion5 legacies Donation5 are recognised wh¢n the charity. has been noiifjed in ￿TIting of Ix>th the amow)i and settlement date. In the event thai a donation 1$ Subject to condirions ih require a lel'el of performan¢¢ by the charit). before the charity is entitled io the funds. the in¢ome is deferred and not Tecognis¢d until eiiher those conditions are fully md, or the fulfilment of thos¢ ¢ondilions is wholl> within the control of the charity and it ts probable that these ¢OthditioThs will be fulfilled in the rewrtin8 Peri￿4. Pag¢ 8

Kingselere Presebool Notes to the Financial Statements for the Period from 22 February 2023 to 31 July 2024 Grants re¢elvable Cjianis are ￿OgnISed when the chariry has alb entitlement ￿ the funds and any conditions linked io the grants have been met. W'here perftsrn)an¢e ¢ondilions ar¢ alla¢h¢d io the grani and are y¢1 io be md. Ihe i￿ome is rtcognised as a liability and included on the babat)ce sh¢¢i as deferred income 10 b¢ released. Eipendilure All expenditure is rectsgnised once there is a legal or consTni¢iive obligation io thai expendiiure. il is prubable settlement is required and the amount can be measured reliably. All costs are allocaied io the applicable ¢xpendi¢ur¢ heading thai 08gr¢8aie skmilar costs io thai caiegor>'. Il'her¢ costs ¢annoi be direcily aiiribuied io particulBr headings ihc) have been allocated a basis ¢onsi51enl wilh the us¢ of resources. with cenlral staff costs all￿ated on the basis of time spent. and depreciaiion char8e5 allocated on ihe p)rtion of the &sset'S Use. her support costs are allo¢aied b￿d on ihe spread of sthff ¢0s1S. The5c arc c0515 incurrcd in attrd¢iin8 •ffjluntary in¢ome. the mwemeni of invcstmcnts and those incurrcd in adin8 ￿11¥111¢$ ihai raise funds. GoweTnRnce ¢0sts These include the iosis aitribuiable io Ihe Chariiy's ¢ompliance with ¢onsiiiuiion&l and S￿l￿tory requirements, includiny audit, Slral¢8ic mana8ement and trus￿$.$ nicetinss and rel￿bUr5ed expenses. Tgxatlo The charity. is Considered io pass the iesis sd oul in Paragraph I Schedule 6 of ihe Firtan¢e A¢t 2010 and Iherefor¢ it meets the deflnilion of a charitable companv for UK corporation ￿ purrx>ses. Aceordingly. the chariiy is poientially ¢xempi from i￿￿1￿n in respea of in¢ome or capi￿] gains received wiihin ¢aiegories ovcrcd by Chapter 3 Pan I l of ihe C'orporaiion Tax A¢1 2010 or Scciion 256 of ihc Taxaiitsn of Chartseable Gains Act 1992. to ihc cxicnt Ihai such income or 8ains arc applicd exclusively lo charitable purw>ses. Trgde debtors Trade debtor5 are wnourtts due from cusiomers for Merch￿diSt sold or services wfonned in the ordinary ¢ourse of busines5. Trade debtor5 are reco8nised initially at the transaction pri¢e. They are subsequenily measured at amonised cosi using th¢ effective inieresi method. less provision for impair￿ent. .4 pro￿lS1on for Ihe irnpairnenl of trade debtors is established when there is obJ￿IlVe evid¢n¢e thai the chan'ty Mill noi be able ￿ ¢olleci all amounis due according to the onginal temis of the rtceivables. C95h and r*Jh equivalent5 Cash and cash cqui%'alcn15 romprisc cash on hand and call dewTrsits. and other shon-iemi highly liquid investment5 Ihar are readily convertible lo a known On￿nI of ¢oth and are $ubj¢ci to an insigllificant risk of hange in value. Page 9

Kingsclere Preschool Notes to the Financial Statemenls for the Period fn)m 22 February 2023 to 31 July 2024 Borrowings Interesi-bearing borrow'ings arc iniiiall>' ff¢orded ai fair value, net of tyansaction eosts. InteTest-bearing borrowings are subsequently carried ai amort15ed cosi the ditT¢rethc¢ be￿'ten the pr(Keeds. of iransa¢iion c0515. and Ihe amouni du¢ rdempiion being rt￿g￿tsed as a charge to ihe Stsiemcnt of Financial Aciivit1¢5 over th¢ period of the rel¢vani borrowin& Interesr ¢xpen5e is recognised on the b&sis of th¢ cffeciive In￿￿$¢ rn¢￿￿)d 2nd is included in inieresi payable and 5imilor charges. BomTrwings are classified as ¢urTent liabilities unless the charity has an un¢ondiiional righi to dcfer settlement of the liabilily for at least ￿¢]￿¢ months after the reportin8 date. Fund stru¢ture Unreslrici¢d in¢ome funds are genernl funth thM are av&il&ble for the In￿tte$,$ diKTfflion in furtheraThc¢ of Ihe objectives of ihe charity. P¢nslons and other pos¢ retirtmtnt obli%tions The charii). operales a definLd ¢onlribuiion p¢nsion scheme which is a pension plan under which fixed contribution5 are paid into a pension fund and Ihe charity has no le8al OT consiruliive obligation lo pay further niribuiions even if ihe fund doe5 noi hold Sutricienl wets ￿ pay all employees ihe benefits relatin8 10 employee setvi¢e in the curreni and prior periods. Contribuiions to defined ¢oniribution plans are recognised in the Statement of Financial Activiiies when they are due, If contribution payments exceed Ihe ¢ontribution due for servi¢e, the exce55 is recognised as a prepaymen¢. Fln¥ncll instrum¢n¢$ ClassiJiÉ'alio Financial a5s¢is and financial liabiliiies are re¢o8nised when the charity becomes a party to the ¢ontrdCtual provision$ olihe instrumeni. Financial liabiliii¢s and equil). in51Tum¢nts are ¢la55ified according to the sub51ance of ihe ¢ontrdrtual arranyemenis ¢DieTed into. An equiry insirument is any contra¢1 Ihai evidences a residual interesi in thc as5els of th¢ charity after deducting all of its lithililie5. Pa8e 10

Kingsclere Preschool Notes ¢0 the Fingn¢ial Stgtements for the Period from 22 Februan, 2023 to 31 July 2024 Recognilion meA5urenwnl All fJnan¢ial assets and ILabilili¢s we iniiiolly mehsured #i IT￿$1¢110n price (including transaction costs). ¢x¢epi for those financial assets classified as ai fair through profil or loss. which are iniiially m¢asured at fair value (which is nom)ally th¢ tM5action pricc ¢xcluding tran5aciLon cosisl. unless ihe arrdTh8emeni constilul¢S a rinancing transaction. If an arrangement con51iiuies a financing transaciion. the fijwicial assei or financial liabiliiy is measured ai the preseffl Yalue of the futurt payments discounied ai s markci rale of inier¢si for a similar debi irb5trument. Financial assets and liabilities are only offset in the stale￿ent of financial position ￿hen. and onl). when ihere exisLS a legally enfoTc¢gble righi io sd ihe r¢¢ognised amounts and ihe charity intends eith¢r Io sell1¢ on a nei basis, or ￿ realise the asset arbd settle th¢ liability simultaneou51y. Financial ￿etS are d¢r¢¢o8nised WI￿￿ and onl). when al the ¢ontrnctual ri8hts to the cash flows from th¢ financiol ￿5¢1 expire or are senled. bi the Charity transfer5 to another parry substaniially all of ih¢ risks and rewards of o￿nershIp of ihe firhancial a5sel. or cl the chariry. despiie havin8 reiained some. but not all. 518nifieant risks and rewards of 0￿￿rshiP. transferred Control of the assei to another party. Financial liabiliiies are dereco8nis¢d only wheth th¢ obli8ation specified in the contract is discharged. cancelled or expires. Page I I

Kings¢lere Preschool Note5 10 the Finthncial Statements for the Period from 22 February 2023 to 31 Jul!. 2024 Debiinslruments Debi insitwment5 which mtti the following ¢ondition5 art sybwtsently measwed at amortised wst using the ¢ff¢¢iivc iThteresi mdhtrj.. lal The contra¢iual r¢tLtrn to the IKlder is lil a fixed lill a ￿51t1¥¢ fixed raie or a positive variable rate: or liiil a ¢ombination of a wjsiiive or a ne8aliv¢ fixed Thte and a [￿5]11￿¢ variabl¢ raie. Ibl The eontrnct may provide for rcpa)'ments of th¢ principal or the Tclurn ￿ the holder {bul not Fx>thi io be linked 10 a 5in8le relevant obser%'abl¢ index of 8eTheral pri¢¢ inflation of the ¢UtrCTKy in whi¢h the debt insirunicni is denominated. provided su¢h links are not l¢v¢rdged. 1¢) The contract may pA)vide for a deiern)inable varialion of the rebjrn to ihe holder durin8 ihe lif¢ of ihe insirurneni. Provided thai lil the new rate 5at15fies ¢ondiiion lal and the variaiion is not eoniingeni on futUTe ev¢nis oiher than I I i a ¢han8e of a coniwtual variable rdie.. 121 io proie¢t the holder a8￿1)$1 ¢redit deierioralion of the i55uer'. 131 changes in levie5 applia by a ttnirBI bank OT arisin8 from changes in relevani ￿atiOn or law: or lill the new raie is a markd raie of iniert5t and saiisfies condition (al. Idl The￿ is no conira¢iual provision ihli ¢ould. by its lernis. resuli in the holder10sit)g the principal amount or aThy inittesi attribulable to the Currffit period or prior periods. lel ConiTaciual provi5ion5 Ihai pemiil the i55uer 10 prepay a debi insirumeni or pemiit the holder io pui li back the issuer bcfore maturiry ar¢ not conlingeni on future events, oih¢r than io protect the holder igainsi Ihc crcdit deicrioration of ihe issuer or a change in control ofihe i$$￿T. or to protect ihe holder oi iS5UCT a8aiThsi changes in levies applied by a centyal bank or arisin8 fn)m changes in Telev￿( thxaiion or law. If) Contra¢iual provi5ion5 m?y pemiit the exlension of lh¢ i¢mi of the debi insiNment. provided that lh¢ r¢iuM io the holdcr aThd any oiher contractu31 provisions •pplicgble during extended ierni ￿1Sfy the condilions of parAgraphs lal 10 Icl. Dcbt in$trumen¢s thal are classified as pyable or rettivable within one year on iniiil reco8nition and which meet Ihe above ¢ondiiion$ arc me&sured ai the undiscoun￿l amouni ofihe c&sh or oih¢T consideration cxpected 10 be paid or rtteiv¢d. ncl of impairmeni. Wilh the ex¢eption of som¢ hedging instruments, other de￿ instruments noi m¥%tinB thcse condiiions are measur¢d al fair value ihrou¥h profil or loss. Commitments to make and rtteive loans whi¢h med the conditions mentioned ibove are measured at cosi Iwhich ma). be nili less impainn¢ni. Inwesinnts Investments in nON￿onVertible preferen¢e shares I[￿ non-puuable ordinary or preferen¢e shares Iwhere sh￿5 ar¢ publicly Irdded or Iheir fair valuc is reliably measurable) arc ￿e￿￿Ted at fair ialue through profit or loss. Where fair valu¢ ¢a¢)noi be me&%ured reliably. invt5trnents are me&sured ai ¢ost1¢55 impainneni. Invesimenis in subsidiaries and associaies are measured ai ¢osi le55 impairneni. For inv¢sthi¢nts in 5ub5idiaries a¢quired for consid¢ration includiThg the issu¢ (pf shar¢s qualify'ing for merger relief. cost is measured by referen¢¢ io lh¢ nominal valu¢ of the shres issued plus fair value of other consideratlon. Any premium is ignored. Pa8e 12

Kin%sclere Preschool Notes ¢0 the Financial Statements for the Period from 22 February 2023 to 31 July 2024 DerivaÈivefinuncialin51ruments The charity uses derivative financial in5trurnen15 to reduce exposure to foreign exehan8e risk and inierest rnie movements. The charity does tlot hold or iSSLhe derivaiLve finatlcial instrnmenis (or specul#iiv¢ PUTPOS¢S. tkrivaiives are iniiially T￿OgnIsed ai fair valu¢ * the de a dttiV￿lwC is entered into and are sub5equ¢ntly rerneasured to their fair value ai [¢￿rtIng date. The resulting gain or loss is r¢cognis¢d in stsiemeni of financial acii%'iiies immedial} unless ihe derivative is designaied and effe¢iive as a hedging insirumenl, in which eveni Ihe limin8 of the recognition in 5th1em¢ni of finon¢ial a¢iiviiies depethds the aiure of the hedge r¢laiionship. Fulr The bc51 evidencc of fair value is a quciled price for an ideniical in an acitve markd. IA'hen qvoied prices are unavailable, the price of a receni transaction for an identical assd provides e%'iden¢e of fair value as 10Th8 a5 there has noi been 8 significani change in economic ¢iTcumsiances OT a 518nificanl laps¢ of lime SLn¢e Ihe transaction look place. If th¢ mark¢t is noi orfive and receni Iranwiions ol an idenii¢&l assd on their own are noi a good esiimaie of fair value. the fair value is estimated b). using i valualion technique. 3 In¢om¢ from doD•tioDs •nd l¢R•¢ies I,'nrestricted funds Tot1 31 Juli. 21124 Genersl DOn￿lon5 and legacies: Donations from individuals Grants. including ¢apitsl 8raDis: Grants from other charities 33.319 33.319 1.500 1.5¢JO -14.819 -14.819 4 Incorne from ch#ritsble #etlwiiies Toi•l 31 Julv 2024 L,nrestrict¢d lunds Tot#1 31 Jul) 2024 Ge￿erI Nursery fee ineome her income 9.1.419 7,853 93,419 7,853 101772 101.272 Page 13

Kingsclere Preschool Notes ¢0 the Financial Statements for the Period from 22 February 2023 10 31 July 2024 S Exptnditure on chritble *ctiviiies UDrtttri¢ied funds Tot#1 31 Jul). 2024 Gtner•l Resources Emplo}'meni costs Rent Insuionce Repair5 aThd mainienan¢e Telephone Subs¢ripiion5 and donaiions Sundry ¢0s1S Trainin8 A¢countin8 f¢¢s Legal and professional ¢os Compuler and software cost5 3.889 56.649 2.683 7?8 883 174 217 3,889 56.649 2.683 728 88.1 174 217 J] 467 206 467 206 928 74 928 74 68.079 68.079 In addition lo ihe expendilure analysed akn￿¢. there are ￿50 govemthce costs of £Nil which relate directly io charilable aciivitLCS. See noie for turthcr detsils. 6 Staff ¢ost$ The a88regJte payroll costs M%r¢ as follows.. 2024 St•ff fo$1$ during th¢ perlod were: wa￿¢5 and Salaries So¢ihl security costs Pe￿10￿ c051S 54.454 1,229 966 56.649 No ¢mploytt rcccived ¢molurnents of nM)re than £60.(KJO during the period. Page 14

Kingsclere Preschool otes to the Financial Siatements for the Period from 22 February 2023 to 31 July 2024 7 Txatio The charity is a regisieffd charity aThd is therefore exempi from laxal¥on. 8 Debtors 31 July 2024 Trade debtors Prepayments 1.275 499 1,774 9 Creditors: amounts falling dut wiihity 0￿¢ yexr 31 July 2024 (hher taxation and social security Other crediiors Pension scheme creditor Accrua15 1,637 426 254 2.316 111 PeThsion and other Schemes Defined tontribution pension 5ehtmt Th¢ charity operdtes a defined contribution pension scheme. The pension cost charge for the period represents contributions pa>'able by the ¢han"ty io the s¢heme and amounied 10 £966. 11 Fund$ Incorning resourt¢s Resource5 exptnded Balante at 31 July 21124 Unre5trieted fund5 General 1136.0911 68.080 168,0111 UnYestriet¢d funds 12 Relaied partv trnnstti0Tr5 Pa8e 15

Kingsckre Preschool Notes to the Financial Statements for the Period frorn 22 February 2023 to 31 Juty 2024 During the period the charity made the following relaied party trat)sa¢tion5.' During the year Bus) Btes pre-￿1￿￿>1 {RegiM¢ted Charity no." 10350741 ineorporated and b¢¢ame Kin8sclere Preschool. FuThds ¢0 the %'aiu¢ of £32.870.51 Vi•S trdnsferred frorn Busy Bees Pre-school to Kin8sclere Preschool.. At the balance shed dale the zm¢)unt due tolfrom ￿ £Ntl. Pag¢ 16

Kingsclere Pres¢hool Independettt Exarniner's Report to the trustees of Kingsclere Preschool I report on ihe accounts of the charity for the yar ended 31 July 2024 whi¢h are sd out on pages 6 ￿ 16. Respective respon$ibililies of truste¢s •nd txmlner The trusitts (who are also the direciots of the compan>. for the purwkses of compan} lawl are ￿spONSible for th¢ preparation of the accounts. The irusiecs consider that an audit is not required for this year under section 14q21 of the ('hariites Aa 201 I Iihe 2011 Acii and thai an independent examination is needed. Having satisfied myself thai the charity is noi $ubje¢i to audit under company law ar￿ is cli8ible for iThd¢petbdethi examination. it is my resw)nsibilify' io.. examine th¢ accOL￿ts undcr Sttiion 145 ofthe 2011 Ad,. follow the procedures laid down in ihe general Dirfftions given by the Charity Commission under $cction 14515Kbl of the 2011 Act: and state wheiher panicular maners have come io my •ttention. BA515 of indeptnd¢nt exan)iner's report My exaniinaiion M'as carri¢d out in airordance with Ihe general Diwiions given by the Chariry Commission. An examination includes a review of Ihe accouniing r¢¢ords kept b) the charity and a Comparison of the accounis presenled wilh those record5. 11 also in¢ludes ¢onsideTation of an>. unusual iiwns or disclosures in the accoun15. and seeking eyplathaiions fTOrn you a5 ITUStees ¢on¢erning any such matter5. The pro¢¢duTes ndenaken do nol provide all Ihe ¢videnc¢ ihai would be rtquired in an alhdit aThd consequ¢nily no opinion is given as 10 wh¢iher ihe a¢couMs present a 'In￿ and fair view. and ihe report is limiied to Ihose matters Set oul ID ihe sthi¢m¢ni below. Independ¢nt fx¥miner'$ stteme￿I In LLinnLLliI)ti wilh examination. M matter has come to my aNeniion'. I I I which gives me reasonable cause io believe that in any m*erial respeci ihe Ytquiremenis.. to keep aecountin8 records in accordance with seciion 386 ofthe Companie5 Aci 2006: and to Prepare accounts whi¢h 8¢cord with the a¢couniing re￿rds. comply with ihe accouniing requirements of section 196 of ihe CompanÈes Aci 2006 and with the meiTrKyds and principles ol Ihe Sthiemcnt of Recommended Practice.. Accounling and RetK>rting b). Chariiies have been met: or 121 io which. in my opinion. thention should be drawn in order io enabl¢ a proper understsndin8 ofthe i¢count5 to be reached. No 2 Toomers Wharf Canal Walk Ncwbury RG14 IDY Dale:. 8 111.l.z.L Page 5