ASHDENE INDEPENDENT PRE SCHOOL Charity no: 519992 Report of the Trustees and Unaudited Financial Statements Year ended 31 August 2024 ASHDENE INDEPENDENT PRE SCHOOL 41nanclal ststements for the year ended 31 August 2024 Contents Page 1 Report of the Trustees 3. Independent examinerfs report 4. Statement of financial activities 6. Balance sheet 7. Notes forming part of the financial 5tatement5 ASHDENE INDEPENDENT PRE SCHOOL Report of the Trustees for the year ended 31 August 2024 The charity is governed by a constitution adopted on 10 December 1986 as amended on 26 November 21x17. Objectives The objertives of the charity are to promote and advance the education of children between the ages of 2- 5 years within a pre-school environment. Results Net outgoing resources for the year amounted to £8,19012023- £20,119). which has been dedutted from total fund5. Future plans It is hoped that the continued efforts of trustees and supporter5 will result in an increase in income in future years. At the same time the trustees are continually looking for new way5 to raise money for the charity. Trustee5 The following trustees Se￿ed throughout the period: Steven Essex-crosby Melissa Hyne5 Clare Es5ex-Crosby Gemma Leonard Patrick Crookes Changes in trustees during the year were as follows- Sara Curran Caroline Hitchen Victoria Wright (resigned 31 August 2023} IresiEned 31 August 20231 lappointed 7 November 20231 Reserves policy The trustees have a policy of ensuring that the 50ciety has 5ufflclent reserves to contlnue to operate for a period of three month5 from the balance sheet date. ASHDENE INDEPENDENT PRE SCHOOL Report of the trustees (conttnued) Rlsk revlew The trustees have reviewed the risks that the charity face and believe that the main risk is a fall in income due to a decrease in child numbers attending. The trustees aim to maintain and in(￿aSe the numbers attendlng. Investment policv In the current environment the trustees believe that its policy of holding surplus tash on deposit and in interest- bearing accounts is most appropriate for the charity- Responslbllities of the trustee5 It is the responsibility of the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affair5 of the charity as at the bèlance sheet date and of its incorning resources and application of resources for the financial year. In preparing those financial statements the trustee5 are requlred to: select sultable accountlng pollcies and then apply them conslstently; make judgements and estimates that are reasonable and prudent- n State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It is Inappropriate to presume that the charity will continue. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the flnanclal statements comply with the Charities Act 2011. They are aSso responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention or detection of fraud or other irregularities. y order of the Tnjstees Date.. ASHDENE INDEPENDENT PRE SCHOOL Independent Examlner's Report to the TfU5tees of Ashdene Independent Prfrschool report on the accounts of Ashdene Independent Pre School for the year ended 31 August 2024. which are set out on pages 4 to 9. Respectlve responslblllties of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this year (under sertion 144121 of the Charities Art 2011 (the 2011 Actll and that an independent examination is needed. It is my responslbility to: examine the accounts under 5ettion 145 ofthe 2011 Att. to follow the procedures laid down in the General Directions given by the Charity Commissioners under sedion 1451Sllbl of the 2011 Ad,. and to state whether particular matters have come to my attention. Basss of Independent Examlnerfs Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5 . It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audlt opinion on the view given thr* ?rrniint¢ Independent Examlner'5 Statement In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accountin8 records and comply with the accounting requirements of the 2011 Act. have not been met; or (21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be Richard Thompson, BA, FCA, DipPFS Chartered Certified Accountant Spring Road Spring Court Hale Altrincham WA14 2UQ Date: ASHDENE INDEPENDENT PRE SCHOOL ststement of Flnanclal Actlvltles {Induding Income and Expenditure Account) for the year ended 31 Au8USt 2024 Unrestrirted funds Year ended 3110812024 Year ended 3V0812023 Note Incomlng resources Fees and other intome Registration fees Deposits Fund raising Miscellaneous income Lunches & snacks Bank interest 261,852 181,277 1.200 2.218 13,536 9,364 2,639 2.600 11,498 10,320 782 Total incomin8 resources 291,609 207,677 Resources expended Admlnlstratlon expenses Wages & Nl Pensions Payroll management 233,080 5,094 3,300 176,572 5.016 3,300 241,474 184,888 Carried forward 241,474 291,609 184,888 207,677 ASHDENE INDEPENDENT PRE SCHOOL ststement of Flnanclal Actlvltles Ilncludlng Income and Expendltsjre Account) for the year ended 31 August 2024 (contlnued) Unrestricted fvnds Year ended 3110812024 Year ended 3110812023 Note Brought forward 241.474 291,609 184,888 207,677 Independent examiner's fee Accountancy Insurance Maintenance and repairs Cleaning Heating & fuel Milk,refreshments and school meals Computer Costs Creative materials Recruitment costs Sweatshirts and uniforms Miscellaneou5 Telephone Postage, printing and Stationery Equipment hire and charges Playschool equipment Tralning costs Toiletries Bank charges Legal fees Depreciatlon 1,410 1,893 1,174 9,950 2.848 2.499 8,461 93 2,124 1,350 2,007 1,165 2,387 6,148 1.876 3,500 214 1,340 120 733 12,826 905 1.079 1.820 16,024 920 946 251 743 1,494 881 662 1,484 719 1,032 3,361 4,794 58,325 42,908 Total resouros expended 299,799 227.796 Net Incomlngl{out8olng) resources for the year 18.1901 120,1191 Net movement in funds 18,190) 120,1191 Fund bala￿e$ brought forward 186.358 206,477 Fund balances carrled foThvard 178,168 186,358 ASHDENE INDEPENDENT PRE SCHOOL Balance Sheet a5 at 31 August 2024 Year ended Yearended 3110812024 3110812023 Fixed assets Play equlprnent Office equipment Furniture & fittings 24,118 492 630 983 2,130 25,499 3,743 Current 35sets Prepayments and accrved income Current accounts Deposit account Petty cash 619 66,888 218,636 43 286,186 43,128 219,444 49 262,621 Credltors: amounts falling due within one year Creditors and accruals Advance fees and deposits PAYE Pensions 8.300 121,491 2.578 1.148 133.517 4,101 73,909 1.100 896 80,006 Net assets 178,168 186.358 Capltsl and reserve5 Unrestritted funds 178,168 186.358 Total funds 178,168 186,358 Trustee Approved on behalf of the Trustees on........................................... ASHDENE INDEPENDENT PRE SCHOOL Notes forming part of the financlal ststements for the year ended 31 Auiust 2024 l Attountln8 polldes The financial statements have been prepared undef the historical cost convention in accordance with applicable accounting standards and the relevant provisions of Part 8 of the Charitie5 Act 2011 and follow the recommendation5 in Charities 50RP IFRS1021. applicable for accounting periods commencing on or after I january 2017. The following principal accounting polScies have been applled. Incomlng resources Income is accounted for on a receivable basis, where the receipt of the income has been confirmed and relates to the year In question. Resources expended Resources expended are recognised in the period in which they are incurred. Flxed assets Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life as follows. Play equipment Office equlpment Fixtures & Flttlngs 25% on cost 25% on cost 20% on cost Cash flow statement The charity is exempt from having to prepare a cash flow Statement. Flxed assets Plav Office equlpment equipment Fixtures & fittings Totsls Cost at I September 2023 Additions Disposals Cost at 31 August 2024 59.877 26,550 6,879 45,354 112,110 26,550 86,427 6,879 45,354 138,660 Depreclatlon at I September 2023 Charge for period Eliminated on disposal Depreciation at 31 August 2024 59,247 3,062 5,896 491 43,224 1.241 108,367 4,794 62,309 6,387 44,465 113,161 Net book value at 31 August 2024 24,118 492 889 25,499 Net book value at 31 August 2023 630 983 2.130 3,743 ASHDENE INDEPENDENT PRE SCHOOL Notes fornilns part of the financial statements for the year ended 31 August 2024 Icontlnued) Prepayments and accrued income Year ended 3111012024 Year Ènded aii08120Z3 Accrued milk refunds Prepayments 273 346 619 Creditors and accruals 2024 2023 Miscellaneous purchases Independent Examiner's fee Bookkeeping Trade waste Heating Credit card DWP - AOE 4,165 1.410 1,300 162 176 1,041 46 703 1,350 1,037 I,oii 8,300 4,101 5 Capitsl and reserves 2024 2023 Unrestricted funds brought forward IDeficitl/Surplus for year 186,358 -8.190 206.477 120,119 178,168 186,358 6 Mlscellaneous Income 2024 2023 Milk refunds Uniforms Breakeven activities Miscellaneous 1.334 360 10.709 1,133 752 520 9,456 770 ASHDENE INDEPENDENT PRE SCHOOL Notes formln8 part of the Ilnancial statements forthe year ended 31 August 2024 Icontlnued) Year ended 3110812024 Year ended 3110812023 Sundry expenses Books Learning books Sundry Playschool items Parties & entertainment Pre-school visits Miscellaneous expenses Trade waste Website Other staff costs Staff Christmas meal 8reakeven activities expenses Extra curricular activities Sum Up charges 112 1,480 1,523 420 475 288 750 1.294 3,440 170 207 300 1,034 3,171 122 606 3(K) 7,048 30 6,080 16,024 12,826 Employees stsff costs induding National Insurance were £233.080 {2023 - £176,572). The average number of full time equivalent employees in the ypar was 1512023- 14}. No employee was paid more than £50,000. Expense5 paid to Trustees No expenses were paid to any of the Trustee5 in the year. No remuneration was paid to any of the Trustees with the exception ofGemma Leonard. 10 Restricted funds The Trustees are of the opinion that there have been no terms attached to its various source of income received to date. stlpulating its Use for certsin purposes. Hen￿, all remaining funds are classified as unre5trirted funds.