REGISTERED COMPANY NUMBER: 06707472 (England and Wales)

REGISTERED CHARITY NUMBER: 1128585

Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

Stowupland Preschool & The Mighty Oaks

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

to

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

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 December 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).

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

06707472 (England and Wales)

Registered Charity number

1128585

Registered office

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

Trustees

Mrs V Freer

Mrs C E A Morgan

Company Secretary

Mrs S E Faliveno

Independent Examiner

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

Approved by order of the board of trustees on 25 September 2025 and signed on its behalf by:

Mrs V Freer - Trustee

Independent examiner's report to the trustees of Stowupland Preschool & The Mighty Oaks ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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

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.

John Phillips and Co Limited

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

26 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,030

5,252

10,282

3,958

Other trading activities

2

193,520

1,411

194,931

151,390

Total

198,550

6,663

205,213

155,348

EXPENDITURE ON

Raising funds

3

171,340

6,310

177,650

175,319

Other

470

181

651

868

Total

171,810

6,491

178,301

176,187

NET INCOME/(EXPENDITURE)

26,740

172

26,912

(20,839

)

RECONCILIATION OF FUNDS

Total funds brought forward

26,000

(1,918

)

24,082

44,921

TOTAL FUNDS CARRIED FORWARD

52,740

(1,746

)

50,994

24,082

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

1,410

543

1,953

2,604

CURRENT ASSETS

Stocks

9

200

-

200

200

Debtors

10

356

-

356

894

Cash at bank

77,759

-

77,759

49,133

78,315

-

78,315

50,227

CREDITORS

Amounts falling due within one year

11

(26,985

)

(2,289

)

(29,274

)

(28,749

)

NET CURRENT ASSETS/(LIABILITIES)

51,330

(2,289

)

49,041

21,478

TOTAL ASSETS LESS CURRENT LIABILITIES

52,740

(1,746

)

50,994

24,082

NET ASSETS

52,740

(1,746

)

50,994

24,082

FUNDS

13

Unrestricted funds

52,740

26,000

Restricted funds

(1,746

)

(1,918

)

TOTAL FUNDS

50,994

24,082

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 September 2025 and were signed on its behalf by:

V Freer - Trustee

C E A Morgan - Trustee

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

£

Fundraising events

2,206

2,894

Early education funding

168,823

112,482

Pre-school fees

22,491

24,994

Other Grants

1,411

11,020

194,931

151,390

3.	RAISING FUNDS

Raising donations and legacies

31.12.24

31.12.23

£

£

Premises

8,976

12,634

Insurance

2,028

1,889

Telephone

1,916

1,408

Postage and stationery

989

159

Sundries & prof fees

1,035

1,285

Companies House

-

13

Support costs

-

2,028

14,944

19,416

4.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Depreciation - owned assets

651

868

Premises

8,976

12,634

5.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

6.	STAFF COSTS

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

31.12.24

31.12.23

Staff

9

9

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

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

148

3,810

3,958

Other trading activities

140,370

11,020

151,390

Total

140,518

14,830

155,348

EXPENDITURE ON

Raising funds

157,537

17,782

175,319

Other

626

242

868

Total

158,163

18,024

176,187

NET INCOME/(EXPENDITURE)

(17,645

)

(3,194

)

(20,839

)

RECONCILIATION OF FUNDS

Total funds brought forward

43,645

1,276

44,921

TOTAL FUNDS CARRIED FORWARD

26,000

(1,918

)

24,082

8.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024 and 31 December 2024

21,761

DEPRECIATION

At 1 January 2024

19,157

Charge for year

651

At 31 December 2024

19,808

NET BOOK VALUE

At 31 December 2024

1,953

At 31 December 2023

2,604

9.

STOCKS

31.12.24

31.12.23

£

£

Stocks

200

200

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments

356

894

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 12)

2,289

2,642

Trade creditors

1,280

402

Accruals and deferred income

25,705

25,705

29,274

28,749

12.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year on demand:

Bank overdrafts

2,289

2,642

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

26,000

26,740

52,740

Restricted funds

General fund

(1,918

)

172

(1,746

)

TOTAL FUNDS

24,082

26,912

50,994

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

198,550

(171,810

)

26,740

Restricted funds

General fund

6,663

(6,491

)

172

TOTAL FUNDS

205,213

(178,301

)

26,912

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

43,645

(17,645

)

26,000

Restricted funds

General fund

1,276

(3,194

)

(1,918

)

TOTAL FUNDS

44,921

(20,839

)

24,082

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

140,518

(158,163

)

(17,645

)

Restricted funds

General fund

14,830

(18,024

)

(3,194

)

TOTAL FUNDS

155,348

(176,187

)

(20,839

)

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

43,645

9,095

52,740

Restricted funds

General fund

1,276

(3,022

)

(1,746

)

TOTAL FUNDS

44,921

6,073

50,994

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

339,068

(329,973

)

9,095

Restricted funds

General fund

21,493

(24,515

)

(3,022

)

TOTAL FUNDS

360,561

(354,488

)

6,073

14.	RELATED PARTY DISCLOSURES

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