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|<br>name|Cat<br>Bush|Cat<br>Bush|
|---|---|---|---|
|Position||Trustee||
|Date||||
|||01<br>Aug|<br>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 S*rnqui51 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
Cb*rity 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•n*8ement
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 di*105e 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 ch*rity:
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 rel*ing 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.
St*temeDt 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¥ncl*l 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 IK*lder 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$trumen¢s thal are classified as pyable or rettivable within one year on iniii*l reco8nition and which
meet Ihe above ¢ondiiion$ 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.
Inwesin*nts
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 sh*res 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 d*e 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 immedia*l} 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
Tot*1
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￿er*I
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 ch*rit*ble *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 T*xatio
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 trnns*tti0Tr5
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 tx*mlner
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 $cction
14515Kbl of the 2011 Act: and
state wheiher panicular maners have come io my •ttention.
BA515 of indeptnd¢nt exan)iner's report
My exaniinaiion M'as carri¢d out in airordance with Ihe general Diwiions given by the Chariry Commission.
An examination includes a review of Ihe accouniing r¢¢ords kept b) the charity and a Comparison of the
accounis presenled wilh those record5. 11 also in¢ludes ¢onsideTation of an>. unusual iiwns or disclosures in the
accoun15. and seeking eyplathaiions fTOrn you a5 ITUStees ¢on¢erning any such matter5. The pro¢¢duTes
ndenaken do nol provide all Ihe ¢videnc¢ ihai would be rtquired in an alhdit aThd consequ¢nily no opinion is
given as 10 wh¢iher ihe a¢couMs present a 'In￿ and fair view. and ihe report is limiied to Ihose matters Set oul
ID ihe sthi¢m¢ni below.
Independ¢nt fx¥miner'$ st*teme￿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