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REGISTERED COMPANY NUMBER: 05730052 (England and Wales)
REGISTERED CHARITY NUMBER: 1118115














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MILFORD PRE-SCHOOL PLUS LIMITED

MILFORD PRE-SCHOOL PLUS LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 11

MILFORD PRE-SCHOOL PLUS LIMITED (REGISTERED NUMBER: 05730052)

REPORT OF THE TRUSTEES
for the year ended 31 AUGUST 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to provide high quality, affordable care and education to children aged 2 years 9 months to 11 years in a safe, secure and stimulating environment.

Significant activities
The main activities of the charity are to provide pre-school, after school club and holiday club.

Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning further activities.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has continued to provide affordable care and education to children aged from 2 years 9 months to 11 years and to do so in a safe, secure and stimulating environment.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05730052 (England and Wales)

Registered Charity number
1118115

Registered office
Lymington Road
Milford on Sea
Hampshire
SO41 0RF

Trustees
R B Macdonald
R C Jackson
V Gibbs
A Parsons
H Darbishire (appointed 13.12.2023)
C Phillips (appointed 20.1.2025)

Independent Examiner
N Rivers FCA
C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG


MILFORD PRE-SCHOOL PLUS LIMITED (REGISTERED NUMBER: 05730052)

REPORT OF THE TRUSTEES
for the year ended 31 AUGUST 2024

Approved by order of the board of trustees on 23 May 2025 and signed on its behalf by:





A Parsons - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MILFORD PRE-SCHOOL PLUS LIMITED

Independent examiner's report to the trustees of Milford Pre-School Plus Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

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

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








N Rivers FCA

C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

Date: .............................................

MILFORD PRE-SCHOOL PLUS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 AUGUST 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 254,305 - 254,305 200,165

Other trading activities 2 12,460 - 12,460 6,642
Investment income 3 3,072 - 3,072 1,219
Total 269,837 - 269,837 208,026

EXPENDITURE ON
Raising funds 4 236,142 - 236,142 201,836


NET INCOME 33,695 - 33,695 6,190


RECONCILIATION OF FUNDS
Total funds brought forward 146,782 - 146,782 140,592

TOTAL FUNDS CARRIED FORWARD 180,477 - 180,477 146,782

MILFORD PRE-SCHOOL PLUS LIMITED (REGISTERED NUMBER: 05730052)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 3,442 - 3,442 5,406

CURRENT ASSETS
Cash at bank and in hand 183,589 - 183,589 143,043

CREDITORS
Amounts falling due within one year 10 (6,554 ) - (6,554 ) (1,667 )

NET CURRENT ASSETS 177,035 - 177,035 141,376

TOTAL ASSETS LESS CURRENT
LIABILITIES

180,477

-

180,477

146,782

NET ASSETS 180,477 - 180,477 146,782
FUNDS 11
Unrestricted funds 180,477 146,782
TOTAL FUNDS 180,477 146,782

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23 May 2025 and were signed on its behalf by:





A Parsons - Trustee

MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - Straight line over 3 years

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

2. OTHER TRADING ACTIVITIES
31.8.24 31.8.23
£    £   
Fundraising events 12,460 6,642

3. INVESTMENT INCOME
31.8.24 31.8.23
£    £   
Deposit account interest 3,072 1,219

4. RAISING FUNDS

Raising donations and legacies
31.8.24 31.8.23
£    £   
Staff costs 72,304 106,310
Training Costs 885 373
Operating Expenses 45,012 32,006
Recruitment & Web site costs 469 1,118
Support costs 117,472 62,029
236,142 201,836

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.24 31.8.23
£    £   
Depreciation - owned assets 2,640 1,338
Training Costs 885 373
Operating Expenses 45,486 32,156

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.



MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.8.24 31.8.23
Staff 12 11

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 200,165 - 200,165

Other trading activities 6,642 - 6,642
Investment income 1,219 - 1,219
Total 208,026 - 208,026

EXPENDITURE ON
Raising funds 201,836 - 201,836


NET INCOME 6,190 - 6,190


RECONCILIATION OF FUNDS
Total funds brought forward 140,592 - 140,592

TOTAL FUNDS CARRIED FORWARD 146,782 - 146,782


MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

9. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 7,769
Additions 676
At 31 August 2024 8,445
DEPRECIATION
At 1 September 2023 2,363
Charge for year 2,640
At 31 August 2024 5,003
NET BOOK VALUE
At 31 August 2024 3,442
At 31 August 2023 5,406

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 4,925 684
Social security and other taxes 1,629 (122 )
Other creditors - 1,105
6,554 1,667

11. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 146,782 33,695 180,477

TOTAL FUNDS 146,782 33,695 180,477

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 269,837 (236,142 ) 33,695

TOTAL FUNDS 269,837 (236,142 ) 33,695


MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 140,592 6,190 146,782

TOTAL FUNDS 140,592 6,190 146,782

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 208,026 (201,836 ) 6,190

TOTAL FUNDS 208,026 (201,836 ) 6,190

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 140,592 39,885 180,477

TOTAL FUNDS 140,592 39,885 180,477

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 477,863 (437,978 ) 39,885

TOTAL FUNDS 477,863 (437,978 ) 39,885


MILFORD PRE-SCHOOL PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.