**Charity number: 1204577** 

## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **UNAUDITED** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 AUGUST 2025** 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent examiner's report**|8 - 9|
|**Statement of financial activities**|10|
|**Balance sheet**|11|
|**Notes to the financial statements**|12 - 25|





## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** 

**Trustees** Richard Sage, Chair Susan Mackinnon (appointed 20 November 2024) Angela Durrant Holly Henery Yvette Penman Karen Latoy Christina McNicholas (resigned 20 November 2024) Emily Cott (resigned 30 June 2025) **Charity registered number** 1204577 **Principal office** Cringleford Primary School 80-88 Dragonfly Lane Norwich Norfolk NR4 7JR **Accountants** Larking Gowen LLP Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE 

Page 1 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025** 

The Trustees present their annual report together with the financial statements of the Charity for the year 1 September 2024 to 31 August 2025. 

Cringleford Crackerjacks Pre School is a Charitable Incorporated Organisation (CIO) Charity Registration Number 1204577. 

The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). 

## **Objectives and activities** 

## **a. Policies and objectives** 

The charity works for the public benefit furthering its objectives; 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 and by: 

(a) 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 

(b) 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 

(c) instigating and adhering to and furthering the aims and objects of the Early Years Alliance. 

Cringleford Crackerjacks Pre School provides early years learning for children from 30 months to 4 years old across two settings, in line with Early Years Foundation Stage (EYFS) statutory framework and Ofsted Guidance. Priority is given to preschool children from the local community that it serves – Cringleford, Intwood & Keswick. 

The trustees are aware of the charitable purposes of Cringleford Crackerjacks Pre School and are always mindful to ensure it is run in such a way as to maintain its public benefit at all times. 

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)'. 

Page 2 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Objectives and activities (continued)** 

## **b. Main activities undertaken to further the Charity's purposes for the public benefit** 

We offer a welcoming, safe and happy environment where children are encouraged to try new and exciting things and explore the world around them. In partnership with parents and carers, the differing needs of all children are acknowledged, accepted and met by our dedicated staff team who welcome children from diverse family and cultural backgrounds. The achievements of all children are celebrated and children are supported to develop imaginative, enquiring and independent minds to help them reach their potential in the early years and beyond. 

We have high expectations for every child and aim to ensure each one leaves Crackerjacks with the essential knowledge they need to prepare them for their future success. We achieve this through high quality experiences, teaching and challenge in a safe and happy environment. 

We promote equality of opportunity for all children regardless of gender, race, disability or family background within a child-centred learning environment. 

We know every child individually and use ongoing observations of the children at play to plan activities ‘in the moment’ that follow children’s individual needs and interests. 

We work closely with parents and carers to set and review ‘next step’ targets for every child. 

We support and promote the professional development of all staff to ensure they provide high quality experiences for children. Our existing team of staff are excellent role models for children and are highly qualified and experienced. 

We have an excellent track record in supporting children with Special Educational Needs (SEN) and work closely with families to ensure that all children get the additional support and interventions they need. 

We regularly seek feedback from those who use our setting including children, parents, staff and other professionals and we use this feedback to improve our practice. 

Cringleford Crackerjacks Pre School is a non-profit making organisation. 

## **Achievements and performance** 

## **a. Main achievements of the Charity** 

Cringleford Crackerjacks Pre School is a not-for-profit committee run CIO set up for the benefit of children within the local community. It is our intention to provide an early years setting that provides them with a safe and supportive environment meeting all Ofsted requirements. 

Our greatest achievement this year has undoubtedly been the opening of our new Nursery at the Jubilee Centre, Cringleford on 7th October 2024. This is in addition to continuing to operate our Preschool at our original site at Cringleford Primary School. The opening of Nursery and the resulting expansion of our provision has meant that we have effectively doubled our capacity and we are excited to be able to welcome more new families to Crackerjacks. 

The opening of our second site involved an enormous amount of work over the past four years, but it has been an exciting time with an incredibly worthwhile result. We were hoping to be open in September 2024 in time for the start of the new academic year however delays in building work unfortunately prevented this. We are grateful to our families at Nursery for their support and understanding in the run up to our opening. 

The new provision has come at just the right time to not only support the need for additional childcare places in 

Page 3 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Achievements and performance (continued)** 

our expanding village but also to provide 2-year-old places to support the government’s funding expansion schemes. The new building is purpose built to our own specifications and has been resourced with brand new furniture and equipment, thanks to grants received from Norfolk County Council, South Norfolk District Council and Cringleford Parish Council. The Parish Council have worked tirelessly alongside us to get the Nursery up and running and they are our landlords at the Jubilee Centre. 

The new Nursery benefits from two activity rooms, an exclusive outdoor area and a dedicated laundry room as well as good storage provision both inside and out. 

## **Our expanded offer** 

As the result of our expansion, Crackerjacks now offers the following provision; 

||Preschool(DragonflyLane)|Nursery (Jubilee Centre)|
|---|---|---|
|Openinghours|8:45 am –3:30pm|8:00 am –6:00pm|
|Number of weeks|Term time only (38 weeks)|48 weeks|
|Age range|2.5 to 4years|2 to 4years|



Much consideration was given to the offer of sessions at Nursery. Market research indicated a need for year round provision for working families so we implemented a 48 week/year offer alongside a term time only offer. Uptake of the 48 week contracts has been lower than expected with the holiday sessions struggling to break even. We will continue to monitor this and review regularly for sustainability. 

Children within our early years provision follow the EYFS – Early Years Foundation Stage and benefit from our experienced and well qualified staff team. 

Each setting has a Setting Lead who are both Level 3 qualified and who also act as SENCO (Special Education Needs Co-Ordinator) and DSL (Designated Safeguarding Lead) at their respective settings. Our Manager, Karen Latoy has overall responsibility for both settings. 

We offer work experience to local high school children, giving them the opportunity to come in and experience an early years setting as part of their year 10 work experience. 

We have strong links with the local college and University and continue to offer longer term work placements to students as part of their further education courses. We were delighted to have been able to offer an Early Years Apprenticeship role for the first time. 

Like many other settings we have identified Speech and Language development as an area of particular concern for a number of our children. We are very proud to be able to support children with regular sessions with our fantastic private Speech and Language therapist. Our staff also work with individual children and small groups supporting their development of language skills. 

This year we have received a significant amount of Disability Access Fund (DAF) funding for those children who are in receipt of the Disability Living Allowance. This funding has enabled us to make the setting more accessible to these children and to provide them with resources to enhance their time with us. 

We have also received a significant amount of SENIF (Special Education Need Inclusion Funding) at both settings to support children with additional needs. This has been primarily used to fund additional staff to enhance adult to child ratios in the settings and Speech therapy sessions. 

We have raised a modest amount this year through our fundraising with Easy Fundraising and commission from 

Page 4 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Achievements and performance (continued)** 

the children making Christmas cards. 

We have used money raised from fundraising to provide additional experiences for our children with ballet sessions and a visit from Minimonsters which the children enjoyed enormously. 

Another highlight was the duckling hatching experience enjoyed at both settings where the children witnessed the rapid growth of ducklings after seeing them emerge from their eggs. Not only were the children excited to watch the ducklings grow before they returned to the farm, it provided a brilliant learning opportunity. 

## **Financial review** 

## **a. Overview** 

Cringleford Crackerjacks Pre School has had a financially successful year which has resulted in an overall modest surplus. In terms of performance of individual sites; our established Preschool ended the year with a relatively sizeable surplus whilst our Nursery finished the year with a small deficit. 

A first year deficit at Nursery was expected given that this was a brand new setting and enrolment of children was planned as a gradual process. We revised our financial forecast in November 2024 to reflect the delayed opening date. This delay resulted in over a month’s lost income whilst our staff salary liability for the month remained. We also continued to purchase resources for Nursery throughout the year as the need for additional equipment arose. 

The Preschool surplus partly resulted from our caution with regards to spending during a period of uncertainty whilst the Nursery became established. The surplus will allow us to purchase new resources and equipment for the children. 

The Charity has total assets of £142,382 (2024 £116,006) which are unrestricted. 

## **b. Going Concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. 

Page 5 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **c. Reserves Policy** 

We recognise that planning and financial management is important for the future security of our Preschool and Nursery. However, we also recognise that as a charity, we need to balance this with our duty to spend our income on charitable activity to further the aims and objectives of the charity. 

The Pre-School needs financial reserves in order to: 

1. Meet redundancy liabilities should the charity have to close. 

2. Ensure continuity of service provision by: 

   - a) Meeting unexpected costs such as cover for illness or maternity leave, etc; 

   - b) Covering running costs during periods of lower income (e.g. while adjusting to government funding changes) and; 

   - c) Planned commitments, or designations, that cannot be met by future income alone, e.g. plans for a major asset purchase. 

3. The need to fund short-term deficits in a cash budget, e.g. money may need to be spent before funding is received 

## 4. Replace equipment as it wears out . 

Cringleford Crackerjacks Pre-school therefore aims to build and maintain reserves consisting of: 

- Redundancy reserves to meet statutory redundancy liabilities (i.e. statutory redundancy pay of 0.5-1.5 week’s pay per year of service, depending on age) 

- General contingency reserves equal to one term’s (i.e. one-third of annual) total expenditure 

The Committee believes that this level of reserves is prudent and necessary to ensure that the Charity can run efficiently and meet future needs. 

As at the balance sheet date, the charity holds unrestricted reserves (excluding fixed assets) £129,138 (free reserves). The Trustees' policy is to hold 3 months of operating costs, which equates to £97,000 as free reserves. The total unrestricted funds at year end amounts to £142,382, while restricted funds total £Nil. 

## **d. Principal Funding Sources** 

Our main source of funding is from the local authority (Norfolk County Council) as they fund places for children eligible to access Government funded childcare and through fees paid by the parents where funding is not available. 

We charge a voluntary consumables fee for every funded hour to cover items not covered by the government’s funding (e.g. wipes, snack, suncream etc). 

## **Structure, governance and management** 

## **a. Constitution** 

Cringleford Crackerjacks Pre School is a registered charity, number 1204577, and is constituted under the Dinky Ones Early Years Consultancy ‘Constitution of a Charitable Incorporated Organisation whose only voting members are its charity trustees’, June 2023. 

Page 6 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Structure, governance and management (continued)** 

## **b. Methods of appointment or election of Trustees** 

Apart from the first charity Trustees, every Trustee must be appointed (for a term of six years) by a resolution passed at a properly convened meeting of charity Trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. 

## **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 year 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 and signed on their behalf by: 


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................................................ **Richard Sage** Chair Date: 

Page 7 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025** 

## **Independent examiner's report to the Trustees of Cringleford Crackerjacks Preschool ('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. 

## **Independent examiner's statement** 

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants England and Wales, which is one of the listed bodies. 

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. 

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## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **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:  7 May 2026 

## **Giles Kerkham FCA DChA** 

## **Larking Gowen LLP** 

Chartered Accountants Norwich 

Page 9 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Investments<br>5<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>6<br>**Total expenditure**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**255**<br>**413,358**<br>**2,034**<br>**415,647**<br>**389,271**<br>**389,271**<br>**26,376**<br>**116,006**<br>**26,376**<br>**142,382**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**255**<br>**413,358**<br>**2,034**<br>**415,647**<br>**389,271**<br>**389,271**<br>**26,376**<br>**116,006**<br>**26,376**<br>**142,382**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_1,529_<br>_239,811_<br>_1,782_|
|---|---|---|---|
||||_243,122_|
||||_212,217_|
||||_212,217_|
||||_30,905_|
||||_85,101_<br>_30,905_|
||||_116,006_|



The Statement of financial activities includes all gains and losses recognised in the year. 

The notes on pages 12 to 25 form part of these financial statements. 

Page 10 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **BALANCE SHEET AS AT 31 AUGUST 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>11<br>**Current assets**<br>Debtors<br>12<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>13<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>15<br>Unrestricted funds<br>15<br>**Total funds**|**2,460**<br>**143,696**<br>**146,156**<br>**(17,018)**|**2025**<br>**£**<br>**13,244**<br>**13,244**<br>**129,138**<br>**142,382**<br>**142,382**<br>**-**<br>**142,382**<br>**142,382**|_485_<br>_104,840_<br>_105,325_<br>_(1,933)_|_2024_<br>_£_<br>_12,614_|
|---|---|---|---|---|
|||||_12,614_<br>_103,392_|
|||||_116,006_|
||||||
|||||_116,006_|
|||||_-_<br>_116,006_|
||||||
|||||_116,006_|



The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 


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................................................ **Richard Sage** Chair 

Date: **Complete 'ACCOUNTS COMPLETION' section** 

The notes on pages 12 to 25 form part of these financial statements. 

Page 11 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **1. General information** 

Cringleford Crackerjacks Preschool (charity registered number 1204577) is a CIO, registered in England. The registered office is Cringleford Crackerjacks Preschool, Cringleford Primary School, 80-88 Dragonfly Lane, Cringleford, Norwich, NR4 7JR 

## **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 under the accruals basis. The financial statements for the year ended 31 August 2024 were prepared under the receipts and payments basis, and therefore the comparatives included in these financial statements have been adjusted to reflect them under the accruals basis. 

Cringleford Crackerjacks Preschool 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. 

## **2.2 Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has 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. 

## **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. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Page 12 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **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 costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

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, using the straight-line method. 

Depreciation is provided on the following bases: 

Fixtures and fittings - 10 to 20% Computer equipment - 25% 

## **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. 

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## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **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. 

## **2.9 Financial instruments** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.10 Pensions** 

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 

## **2.11 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. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

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. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **3. Income from donations and legacies** 

||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2025**|
||**£**|**£**|
|Donations|255|**255**|



Page 14 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **3. Income from donations and legacies (continued)** 

||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2024_|_2024_|
||_£_|_£_|
|Donations|_1,529_|_1,529_|



## **4. Income from charitable activities** 

|Early education grants from NCC<br>Parent fees<br>Other income<br>Early education grants from NCC<br>Parent fees<br>Other income|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>308,764<br>98,552<br>6,042<br>413,358<br>_Unrestricted_<br>_funds_<br>_2024_<br>_Restricted_<br>_funds_<br>_2024_<br>_£_<br>_£_<br>_173,918_<br>_12,895_<br>_52,300_<br>_-_<br>_698_<br>_-_<br>_226,916_<br>_12,895_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**308,764**<br>**98,552**<br>**6,042**|
|---|---|---|
|||**413,358**|
|||_Total_<br>_funds_<br>_2024_<br>_£_<br>_186,813_<br>_52,300_<br>_698_|
|||_239,811_|



## **5. Investment income** 

||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2025**|
||**£**|**£**|
|Interest received|2,034|**2,034**|



Page 15 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **5. Investment income (continued)** 

||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2024_|_2024_|
||_£_|_£_|
|Interest received|_1,782_|_1,782_|



## **6. Analysis of expenditure on charitable activities Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Nursery<br>203,785<br>Preschool<br>185,486<br>389,271<br>_Unrestricted_<br>_funds_<br>_2024_<br>_Restricted_<br>_funds_<br>_2024_<br>_£_<br>_£_<br>Preschool<br>_199,322_<br>_12,895_|**Total**<br>**2025**<br>**£**<br>**203,785**<br>**185,486**|
|---|---|
||**389,271**|
||_Total_<br>_2024_<br>_£_<br>_212,217_|



## **7. Analysis of expenditure by activities** 

|Nursery<br>Preschool|**Activities**<br>**undertaken**<br>**directly**<br>**2025**<br>**£**<br>203,785<br>185,486<br>389,271|**Total**<br>**funds**<br>**2025**<br>**£**<br>**203,785**<br>**185,486**|
|---|---|---|
|||**389,271**|



Page 16 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **7. Analysis of expenditure by activities (continued)** 

|Preschool<br>Analysis of costs<br>Staff costs<br>Depreciation<br>Training<br>Administration and other costs<br>Equipment and consumable costs<br>Premises<br>Food and other costs<br>Independent Examination costs|**Nursery**<br>**2025**<br>**£**<br>154,446<br>925<br>1,040<br>6,749<br>16,210<br>16,534<br>4,917<br>2,964<br>203,785|_Activities_<br>_undertaken_<br>_directly_<br>_2024_<br>_£_<br>_212,217_<br>**Preschool**<br>**2025**<br>**£**<br>150,632<br>853<br>3,296<br>4,653<br>4,703<br>14,578<br>4,035<br>2,736<br>185,486|_Total_<br>_funds_<br>_2024_<br>_£_<br>_212,217_|
|---|---|---|---|
||||**Total**<br>**funds**<br>**2025**<br>**£**<br>**305,078**<br>**1,778**<br>**4,336**<br>**11,402**<br>**20,913**<br>**31,112**<br>**8,952**<br>**5,700**|
||||**389,271**|



Page 17 



**CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **7. Analysis of expenditure by activities (continued)** 

## **(continued)** 

|Staff costs<br>Depreciation<br>Training<br>Administration and other costs<br>Equipment and consumable costs<br>Premises<br>Food and other costs<br>Independent Examination costs|_Nursery_<br>_2024_<br>_£_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_Preschool_<br>_2024_<br>_£_<br>_168,637_<br>_338_<br>_903_<br>_20,247_<br>_3,588_<br>_13,199_<br>_5,230_<br>_75_<br>_212,217_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_168,637_<br>_338_<br>_903_<br>_20,247_<br>_3,588_<br>_13,199_<br>_5,230_<br>_75_|
|---|---|---|---|
||||_212,217_|



## **8. Independent examiner's remuneration** 

The independent examiner's remuneration amounts to an independent examiner fee of £4,750 _(2024 - £75)_ , and tax compliance services of £500 ( _2024_ - £nil). 

## **9. Staff costs** 

|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**2025**<br>**£**<br>**293,481**<br>**6,526**<br>**5,071**<br>**305,078**|_2024_<br>_£_<br>_161,398_<br>_4,571_<br>_2,668_|
|---|---|---|
||||
|||_168,637_|



The average number of persons employed by the Charity during the year was as follows: 

||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Employees|**20**|_14_|



Page 18 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **9. Staff costs (continued)** 

No employee received remuneration amounting to more than £60,000 in either year. 

Key management personnel consist of the trustees and the preschool and primary school manager. Total remuneration of key management personnel was £41,403 (2024 - £33,659) 

## **10. 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 Constitution of the Charity allows for such employment to take place. 

The value of Trustees' remuneration and other benefits was as follows: 

|||**2025**|_2024_|
|---|---|---|---|
|||**£**|_£_|
|Karen Latoy|Remuneration|**40,510**|_32,945_|
||Pension contributions paid|**893**|_714_|



During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . 

Page 19 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **11. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 September 2024<br>Additions<br>At 31 August 2025<br>**Depreciation**<br>At 1 September 2024<br>Charge for the year<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>_At 31 August 2024_|**Fixtures and**<br>**fittings**<br>**£**<br>**12,253**<br>**1,709**<br>**13,962**<br>**309**<br>**1,443**<br>**1,752**<br>**12,210**<br>_11,944_|**Computer**<br>**equipment**<br>**£**<br>**699**<br>**699**<br>**1,398**<br>**29**<br>**335**<br>**364**<br>**1,034**<br>_670_|**Total**<br>**£**<br>**12,952**<br>**2,408**|
|---|---|---|---|
||||**15,360**|
||||**338**<br>**1,778**|
||||**2,116**|
||||**13,244**|
||||_12,614_|



## **12. Debtors** 

|**Due within one year**<br>Trade debtors<br>Other debtors|**2025**<br>**£**<br>**2,108**<br>**352**<br>**2,460**|_2024_<br>_£_<br>_308_<br>_177_<br>_485_|
|---|---|---|



Page 20 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **13. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Other creditors<br>Accruals and deferred income|**2025**<br>**£**<br>**2,492**<br>**5,860**<br>**8,666**<br>**17,018**|_2024_<br>_£_<br>_1,858_<br>_-_<br>_75_|
|---|---|---|
||||
|||_1,933_|



## **14. Change of accounting basis** 

The financial statements for the year ended 31 August 2024 were prepared under the receipts and payments basis. The figures have been adjusted in order to present amounts comparable with the current year accounts, which are prepared under the accruals basis. 

||**As previously**|**Adjustment**|**As adjusted at**|
|---|---|---|---|
||**reported**||**31 August 2024**|
|**Statement of financial activities**||||
|Income|242,815|307|243,122|
|Expenditure|(224,936)|12,719|(212,217)|
|**Net movement in funds**|**17,879**|**13,026**|**30,905**|
|**Statement of financial position**||||
|**Tangible fixed assets**|**-**|**12,614**|**12,614**|
|Trade debtors|-|308|308|
|Other debtors|-|177|177|
|**Total debtors**|**-**|**485**|**485**|
|**Cash at bank**|**104,840**|**-**|**104,840**|
|Trade creditors|-|(1,858)|(1,858)|
|Other creditors|-|-|-|
|Accruals and deferred income|-|(75)|(75)|
|**Total creditors**|**-**|**(1,933)**|**(1,933)**|
|Total funds brought forward|85,244|(143)|85,101|
|Net movement in funds|17,879|13,026|30,905|
|**Total funds carried forward**|**104,840**|**11,166**|**116,006**|



Page 21 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **15. Statement of funds** 

## **Statement of funds - current year** 

|**Unrestricted funds**<br>**Designated funds**<br>Expansion reserve<br>Fundraising reserve<br>Redundancy reserve<br>**General funds**<br>General Funds<br>**Total Unrestricted funds**|**Balance at 1**<br>**September**<br>**2024**<br>**£**<br>**25,000**<br>**148**<br>**26,394**<br>**51,542**<br>**64,464**<br>**116,006**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**415,647**<br>**415,647**|**Expenditure**<br>**£**<br>**(25,000)**<br>**-**<br>**-**<br>**(25,000)**<br>**(364,271)**<br>**(389,271)**|**Transfers**<br>**in/out**<br>**£**<br>**-**<br>**-**<br>**1,860**<br>**1,860**<br>**(1,860)**<br>**-**|**Balance at**<br>**31 August**<br>**2025**<br>**£**<br>**-**<br>**148**<br>**28,254**|
|---|---|---|---|---|---|
||||||**28,402**|
||||||**113,980**|
||||||**142,382**|



## **Designated funds:** 

Designated funds represent monies that the trustees have allocated to fund specific project. 

## **Expansion Reserve** 

Funds we had set aside to expand our existing provision by opening our second site at The Jubilee Centre, Walpole Crescent, Cringleford, Norwich NR4 6TU. This includes funds allocated for legal fees in securing our Nursery lease, sustainability funds to cover operating costs (specifically staff wages) during expansion and funds to purchase equipment and resources for the new site. 

## **Redundancy Reserve** 

Funds we have allocated to meet our statutory redundancy liabilities should the Charity have to close (i.e. statutory redundancy pay of 0.5-1.5 week’s pay per year of service, depending on age). 

## **Fundraising Reserve** 

We hold income resulting from fundraising activities (e.g Christmas card and Easy Fundraising commission) in a fundraising reserve which is used to fund enhanced activities and experiences for our children. These include interactive sessions with external visitors such as Babyballet and MiniMonsters. 

Page 22 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **15. Statement of funds (continued)** 

## **Statement of funds - prior year** 

|**Unrestricted funds**<br>**Designated funds**<br>Expansion reserve<br>Fundraising reserve<br>Redundancy reserve<br>**General funds**<br>General Funds<br>**Total Unrestricted funds**<br>**Restricted funds**<br>Nursery<br>**Total of funds**|_Balance at_<br>_1 September_<br>_2023_<br>_£_<br>_15,000_<br>_238_<br>_22,674_<br>_37,912_<br>_47,189_<br>_85,101_<br>_Balance at_<br>_1 September_<br>_2023_<br>_£_<br>_-_<br>_85,101_|_Income_<br>_£_<br>_-_<br>_-_<br>_-_<br>_-_<br>_230,227_<br>_230,227_<br>_Income_<br>_£_<br>_12,895_<br>_243,122_|_Expenditure_<br>_£_<br>_-_<br>_-_<br>_-_<br>_-_<br>_(199,322)_<br>_(199,322)_<br>_Expenditure_<br>_£_<br>_(12,895)_<br>_(212,217)_|_Transfers_<br>_in/out_<br>_£_<br>_10,000_<br>_(90)_<br>_3,720_<br>_13,630_<br>_(13,630)_<br>_-_<br>_Transfers_<br>_in/out_<br>_£_<br>_-_<br>_-_|_Balance at_<br>_31 August_<br>_2024_<br>_£_<br>_25,000_<br>_148_<br>_26,394_|
|---|---|---|---|---|---|
||||||_51,542_|
||||||_64,464_|
||||||_116,006_|
||||||_Balance at_<br>_31 August_<br>_2024_<br>_£_<br>_-_|
||||||_116,006_|



Page 23 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **16. Summary of funds** 

## **Summary of funds - current year** 

|<br>Designated funds<br>General funds|**Balance at 1**<br>**September**<br>**2024**<br>**£**<br>**51,542**<br>**64,464**<br>**116,006**<br>_Balance at_<br>_1 September_<br>_2023_<br>_£_<br>_37,912_<br>_47,189_<br>_-_<br>_85,101_|**Income**<br>**£**<br>**-**<br>**415,647**<br>**415,647**<br>_Income_<br>_£_<br>_-_<br>_230,227_<br>_12,895_<br>_243,122_|**Expenditure**<br>**£**<br>**(25,000)**<br>**(364,271)**<br>**(389,271)**<br>_Expenditure_<br>_£_<br>_-_<br>_(199,322)_<br>_(12,895)_<br>_(212,217)_|**Transfers**<br>**in/out**<br>**£**<br>**1,860**<br>**(1,860)**<br>**-**<br>_Transfers_<br>_in/out_<br>_£_<br>_13,630_<br>_(13,630)_<br>_-_<br>_-_|**Balance at**<br>**31 August**<br>**2025**<br>**£**<br>**28,402**<br>**113,980**|
|---|---|---|---|---|---|
||||||**142,382**|
||||||_Balance at_<br>_31 August_<br>_2024_<br>_£_<br>_51,542_<br>_64,464_<br>_-_|
|**Summary of funds - prior year**||||||
|Designated funds<br>General funds<br>Restricted funds||||||
||||||_116,006_|



## **17. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Tangible fixed assets<br>13,244<br>Current assets<br>146,156<br>Creditors due within one year<br>(17,018)<br>**Total**<br>142,382|**Total**<br>**funds**<br>**2025**<br>**£**<br>**13,244**<br>**146,156**<br>**(17,018)**|
|---|---|
||**142,382**|



Page 24 



## **CRINGLEFORD CRACKERJACKS PRESCHOOL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **17. Analysis of net assets between funds (continued)** 

## **Analysis of net assets between funds - prior year** 

|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>**Total**|_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_12,614_<br>_105,325_<br>_(1,933)_<br>_116,006_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_12,614_<br>_105,325_<br>_(1,933)_|
|---|---|---|
|||_116,006_|



## **18. Pension commitments** 

Cringleford Crackerjacks Preschool operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £5,071 (2024 - £2,668). Amounts totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors. 

## **19. Operating lease commitments** 

At 31 August 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows: 

|Not later than 1 year<br>Later than 1 year and not later than 5 years|**2025**<br>**£**<br>**21,270**<br>**8,852**<br>**30,122**|_2024_<br>_£_<br>_-_<br>_-_|
|---|---|---|
||||
|||_-_|



## **20. Related party transactions** 

No related party transactions took place in the period of account, other than certain trustees' remuneration already disclosed in note 10. 

Page 25