Charity Accounts Intelreading the accounts so you don’t have to

BURNT ASH PRE-SCHOOL

Registered charity 1192102 · accounts filings on the Charity Commission register

The charity works for the public benefit having as its objects the development and education of childrenand young people in particular by:(1) promoting their care and safety;(2) promoting their education and promoting parental involvement;(3) promoting their health and wellbeing;(4) providing services to support them and their families and carers;(5) providing services to individuals h

Causes: Education/training · website · Get email alerts

Latest income
£26k
Latest spending
£40k
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity is now insolvent and has ceased operations due to a doubling of rent, a drop in attendance, and insufficient reserves to cover closure costs and staff redundancies. The charity was unable to meet its reserve policy target of six months' operation or closing costs, resulting in the payment of only 43% of staff redundancies from reserves before the accounts were closed.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: 6 months operation and or closing
“Reserves are held for 6 months operation and or closing. This should be added to by one month’s salary per employee to account for all staff redundancies.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“Therefore we could only pay 43% of the staff redundancies and are now insolvent.”
Per its FY2024 accounts as filed with the Charity Commission.
Governance: The accounts state that the charity is now insolvent and has closed, with staff redundancies issued and premises license not renewed.
“Therefore we could only pay 43% of the staff redundancies and are now insolvent.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Jakki Hunter. Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bromley · Lewisham

Income and spending

Financial year endIncomeSpending
31/12/2024£26k£40k
31/12/2023£32k£42k
31/12/2022£31k£41k
31/12/2021£48k£51k

Common questions

Is BURNT ASH PRE-SCHOOL financially healthy?

Per its FY2024 accounts: The accounts state that the charity is now insolvent and has ceased operations due to a doubling of rent, a drop in attendance, and insufficient reserves to cover closure costs and staff redundancies. The charity was unable to meet its reserve policy target of six months' operation or closing costs, resulting in the payment of only 43% of staff redundancies from reserves before the accounts were closed. Its FY2024 accounts were audited by Jakki Hunter.