Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E **Charity number: 1210639** ## **BEACHES PRE-SCHOOL CIO** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2025** Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 17| Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** |**Trustees**|Rachael Herne| |---|---| ||Sarah Styles (appointed 25 November 2024)| ||Hannah Williams (appointed 18 September 2024)| ||Lynsey Turner (appointed 18 September 2024)| ||Lisa Cole (appointed 18 September 2024)| ||Sarah Radley (appointed 18 September 2024)| |**Charity registered**
**number**
1210639
**Principal office**
c/o Westlands CP School
Beeches Close
Chelmsford
Essex
CM1 2SB
**Independent examiner**
MHA
Chartered Accountants
Colchester Business Park
Colchester
Essex
CO4 9YQ|| Page 1 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **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 periodyear 1 September 2024 to 31 August 2025. On the 3rd May 2025 the new CIO Charity received transfer of all of the assets and liabilities of the existing Beaches Pre-School, registered number 1028370, following Charity Commission approval dated 28th January 2025. This set of financial statements has been prepared using merger accounting principles in accordance with the Charities SORP (FRS 102). The Trustees confirm that the transferred assets will be utilised for similar purposes to the existing unincorporated Charity, Beaches Pre-School registered number 1028370, where reasonably practicable. ## **Objectives and activities** ##  **Purpose and objectives** The purpose and objective of the Pre-School, as per its Constitution, is to advance the development and education of children primarily under statutory school age by: a) encouraging parents to understand and provide for the needs of their children through community groups; b) 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; c) 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; and d) instigating and adhering to and furthering the aims and objects of the early years learning alliance. 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)'. ##  **Main activities undertaken to achieve objects and to further the Charity's purposes for the public benefit** The Charity provides a Pre-School environment to enable the development and education of the children that attend. This is achieved by: a) offering appropriate play facilities and training courses, ensuring opportunities for all chlidren, regardless of race, culture, religion or means. 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 area. c) instigation and adhering to and furthering the aims of the early years learning alliance. Page 2 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ## **Achievements and performance** ##  **Main achievements of the Charity** The Pre-School successfully converted to a CIO which will enable the pre-school to continue with the work it does without the worry of having to recruit new committee members each year as well as having Trustees in place for the next 6 years. During this period the CIO has operated Pre-School sessions for five days a week during term times, offering a choice of three different session times, along with an extended day session providing an additional one hour of childcare. These sessions enable parents and carers access to childcare in a stimulated environment. The sessions are run by employed, qualified staff and are supervised by an employed Pre-School Manager and Deputy Manager. A total of 70 children attended the Pre-School in the period across one academic year. Trustees help and support fundraising events. ## **Financial review** ##  **Going concern** After making appropiate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable 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. Beaches Pre-School CIO began trading on 3rd May 2025, following the transfer of all assets and liabilities from the unincorporated charity. The transfer did not affect the number of children attending, and the Pre-School has continued to operate and enrol new starters as usual. ##  **Reserves policy** Reserves are held to meet the future commitments of the Pre-School and to ensure any gap in funding can be managed effectively, ensuring the activities of the Pre-School can continue as required. It is the policy of the Pre-School to look to establish reserves that would equate to three months' running costs, this being approximately £55,000, with the level of reserves monitored by Trustees regularly. The reserves of the Pre-School shall only be used for the purposes of the Pre-School and no payment shall be made to any member, except: a) if that member is employed by the Pre-School b) as repayment of expenses properly incurred on behalf of the Pre-School c) as interest at a reasonable rate on money lent to the Pre-School Two Trustees are remunerated as an employee of the Pre-School. No Trustees are remunerated for their role as a Trustee. Page 3 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ##  **Financial review** Nursery grants are received from Essex County Council in respect of children between the ages of 2 years and 4 years 11 months. Parents who are not eligible for funding or require additional sessions outside of their funding can pay fees on a per session basis. Monies made from fundraising activities are used to provide additional facilities for the Pre-School. During the year, the Pre-School recognised income of £309,270 (2024: £230,885). Expenditure on charitable activities of £266,540 (2024: £229,428) was incurred, resulting in a surplus of £42,730 (2024: surplus of £1,457). At the year-end, unrestricted funds of £98,415 (2024: £55,685) were held. ## **Structure, governance and management** ##  **Constitution** Beaches Pre-School CIO is a registered charity, number 1210639, and is constituted under a Pre-School Constitution. ##  **Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Pre-School Constitution. ##  **Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Page 4 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period 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 Pre-School Constitution. 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: ................................................ **Sarah Radley** Trustee Date: May 11, 2026 Page 5 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025** ## **Independent examiner's report to the Trustees of Beaches Pre-School CIO ('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 The Association of Chartered Accountants, 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. Signed: Dated: May 11, 2026 Cara Miller ACCA MHA 910 The Crescent Colchester, United Kingdom MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542). Page 6 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** |**Note**
**Income from:**
Donations
Charitable activities
3
Other trading activities
Bank interest receivable
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**2,002**
**275,869**
**30,887**
**512**
**309,270**
**266,540**
**266,540**
**42,730**
**55,685**
**42,730**
**98,415**|**Total**
**funds**
**2025**
**£**
**2,002**
**275,869**
**30,887**
**512**
**309,270**
**266,540**
**266,540**
**42,730**
**55,685**
**42,730**
**98,415**|_Total_
_funds_
_2024_
_£_
_1_
_215,679_
_15,174_
_31_| |---|---|---|---| ||||_230,885_| ||||_229,428_| ||||_229,428_| ||||_1,457_| ||||_54,228_
_1,457_| ||||_55,685_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 17 form part of these financial statements. Page 7 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **BALANCE SHEET AS AT 31 AUGUST 2025** |**Note**
**Fixed assets**
Intangible assets
**Current assets**
Debtors
8
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
9
**Net current assets**
**Total net assets**
**Charity funds**
Unrestricted funds
10
**Total funds**|**3,647**
**102,378**
**106,025**
**(7,610)**|**2025**
**£**
**-**
**-**
**98,415**
**98,415**
**98,415**
**98,415**|_20,287_
_44,349_
_64,636_
_(8,951)_|_2024_
_£_
_-_| |---|---|---|---|---| |||||_-_
_55,685_| |||||| |||||_55,685_| |||||_55,685_| |||||| |||||_55,685_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ ## **Sarah Radley** Trustee Date: May 11, 2026 The notes on pages 9 to 17 form part of these financial statements. Page 8 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. General information** The Charity is a charitable incorporated organisation registered with the Charity Commission in England and Wales (Charity Registration Number 1210639) and constituted under a Pre-School Constitution, adopted 12th November 1991, and amended on 5th October 2009 and 14th October 2011. The address of the registered office is given on the Charity information page 1 of these financial statements. The nature of the Charity's operations and principal activities are listed in the Trustees Report. ## **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) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Beaches Pre-School CIO 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. ## **Merger accounting** During the year, the Charity received the net assets and activities of Beaches Pre-School, registered number 1028370. The combination has been accounted for using merger accounting in accordance with the Charities SORP (FRS 102). The Statement of Financial Activities (SoFA) includes the combined income and expenditure of both charities from the beginning of the financial year in which the merger occurred. Comparative figures have been incorporated to reflect the combined results of both charities as if the merger had taken place at the start of the previous financial year. The amounts incorporated from the transferring charity are: - Income: £234,734 - Expenditure: £175,560 - Net assets transferred: £59,174 Assets and liabilities were recognised at their existing carrying values and no goodwill arose. Page 9 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.2 Going concern** The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expeniture is sufficient with the level of reserves for the Charity to be able to continue as a going concern. ## **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, including government 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. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **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 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 10 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.6 Taxation** The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **2.7 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. ## **2.8 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. ## **2.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.10 Financial instruments** The Charity does not have a material holding in complex financial instruments. The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows: Debtors - Trade debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 8. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Liabilities – grants accrued, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 9. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument. ## **2.11 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. Page 11 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.12 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. As it currently stands, the Charity does not have any restricted or designated funds. Investment income, gains and losses are allocated to the appropriate fund. ## **3. Income from charitable activities** |**Unrestricted**
**funds**
**2025**
**£**
Provision of Pre-School education
275,869
_Total 2024_
_215,679_|**Total**
**funds**
**2025**
**£**
**275,869**
_215,679_|_Total_
_funds_
_2024_
_£_
_215,679_| |---|---|---| |||| Included in the above are government grants of £243,446 (2024: £191,857), received from Essex County Council. There were no unfulfilled commitments associated with this income at the year-end date. ## **4. Analysis of expenditure by activities** |Charitable activities
Charitable activities|**Activities**
**undertaken**
**directly**
**2025**
**£**
236,057
_Activities_
_undertaken_
_directly_
_2024_
_£_
_204,694_|**Support**
**costs**
**2025**
**£**
30,483
_Support_
_costs_
_2024_
_£_
_24,734_|**Total**
**funds**
**2025**
**£**
**266,540**| |---|---|---|---| ||||_Total_
_funds_
_2024_
_£_
_229,428_| Page 12 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **4. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Staff costs
Rent
Educational toys and resources
Small equipment and materials
Refreshments
Training
Clothing
Events|**Total**
**funds**
**2025**
**£**
**212,745**
**7,400**
**3,645**
**7,538**
**2,251**
**1,580**
**-**
**898**
**236,057**|_Total_
_funds_
_2024_
_£_
_184,912_
_7,400_
_1,005_
_5,355_
_3,864_
_631_
_327_
_1,200_| |---|---|---| |||_204,694_| ## **Analysis of support costs** |Refreshments
Cleaning
Repairs and maintenance
Internet and telephone
Printing, postage and stationery
Sundries
Legal and professional fees
Subscriptions
Insurance
Governance costs - Independent examiners remuneration
Office costs
Rates|**Total**
**funds**
**2025**
**£**
**949**
**211**
**7,380**
**900**
**107**
**2,918**
**(20)**
**1,230**
**4,711**
**7,710**
**1,019**
**3,368**
**30,483**|_Total_
_funds_
_2024_
_£_
_72_
_349_
_3,363_
_1,102_
_981_
_2,336_
_6,084_
_1,141_
_1,994_
_3,300_
_1,335_
_2,677_| |---|---|---| |||_24,734_| Page 13 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **5. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2025**
**£**
**203,995**
**4,667**
**4,083**
**212,745**|_2024_
_£_
_176,122_
_5,650_
_3,140_| |---|---|---| |||| |||_184,912_| The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Employees|**10**|_10_| No employee received remuneration amounting to more than £60,000 in either year. The Trustees are considered to be the Key Management Personnel of the Charity. Further details of Trustee remuneration have been provided in Note 6 to the accounts. ## **6. Trustees' remuneration and expenses** During the year, no Trustees received remuneration or other benefits in fulfilling their duties as a Trustee (2024 - £Nil). Two Trustees received remuneration from their employment with the Charity for their role as employees. This remuneration was authorised by the Trustees and was allowable under the governing Constitution. The total remuneration for both for the period was £65,711 (2024: £29,997), with pension contributions of £1,597 (2024: £713). During the year ended 31 August 2025, no Trustee expenses were incurred (2024: £Nil). Page 14 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** **7. Tangible fixed assets** |**Cost or valuation**
At 1 September 2024
At 31 August 2025
**Depreciation**
At 1 September 2024
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_
**8.**
**Debtors**
**Due within one year**
Trade debtors
**9.**
**Creditors: Amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals|**2025**
**£**
**3,647**
**2025**
**£**
**-**
**50**
**7,560**
**7,610**|**Building**
**improve-**
**ments**
**£**
**90,560**| |---|---|---| |||**90,560**| |||**90,560**| |||**90,560**| |||**-**| |||_-_| |||_2024_
_£_
_20,287_
_2024_
_£_
_3,721_
_1,780_
_3,450_
_8,951_| Page 15 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **10. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds|**Balance at 1**
**September**
**2024**
**£**
**55,685**
_Balance at_
_1 September_
_2023_
_£_
_54,228_|**Income**
**£**
**309,270**
_Income_
_£_
_230,885_|**Expenditure**
**£**
**(266,540)**
_Expenditure_
_£_
_(229,428)_|**Balance at**
**31 August**
**2025**
**£**
**98,415**| |---|---|---|---|---| |||||_Balance at_
_31 August_
_2024_
_£_
_55,685_| ## **11. Analysis of net assets between funds Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Current assets
106,025
Creditors due within one year
(7,610)
**Total**
98,415|**Total**
**funds**
**2025**
**£**
**106,025**
**(7,610)**| |---|---| ||**98,415**| Page 16 Docusign Envelope ID: 393B9695-80E3-8CDD-83C0-93F68E6E1B4E ## **BEACHES PRE-SCHOOL CIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **11. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_64,636_
_(8,951)_
_55,685_|_Total_
_funds_
_2024_
_£_
_64,636_
_(8,951)_| |---|---|---| |||_55,685_| ## **12. Operating lease commitments** At 31 August 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows: |**Premises**
Not later than 1 year
Later than 1 year and not later than 5 years|**2025**
**£**
**7,400**
**20,350**
**27,750**|_2024_
_£_
_7,400_
_27,750_| |---|---|---| |||| |||_35,150_| ## **13. Related party transactions** Other than the disclosures in Notes 5 and 6, there have been no related party transactions in either reporting period. Page 17