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2024-04-05-accounts

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST ) (A COMPANY LIMITED BY GUARANTEE) Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,

(A COMPANY LIMITED BYGUARANTEE)

DIRECTORS REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

1

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,
(FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST )
(A COMPANY LIMITED BY GUARANTEE)
Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________ LEGAL AND ADMINISTRATIVE INFORMATION

Directors Dr S Wells
Mrs N Balamoan
MrK Smith
Mrs C Millett(to Nov 2023)
Mrs J Miles
Revd Gareth Morley (from Oct 2023)
Mrs Caroline Johnson (from Nov 2023)
Finance Officer Mrs S Driscoll
School House Manager Mrs A Payne
Secretary Dr S Wells
Charity number 1013805
Company number 02548382
Principal address School House
Crowthorne Road
Bracknell
Berkshire
RG12 7EH
Registered office School House
Crowthorne Road
Bracknell
Berkshire
RG12 7EH
Independent Examiner A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Rd
Guildford
Surrey
GU1 4XA 
2

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST ) (A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________
CONTENTS
Page
Directors' Report 4-10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 12-13
Notes to the Accounts 14-17 
3

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,
(FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST )
(A COMPANY LIMITED BY GUARANTEE)
Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

DIRECTORS' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

The Directors present their report and accounts for the year ended 5 April 2024.The report
is prepared in accordance with the accounting policies set out in note 1 to the accounts and
comply with the Trust’s memorandum of association, the Charities Act 2011 and the Charities
SORP (FRS 102).

St Michael’s School, Easthampstead, Childcare Trust

The Trust is a company limited by guarantee not having a share capital. The Trust's objects are
to advance education and relieve children in need of care by the provision of sessional day
Pre-School for the children of the parish of Easthampstead and surrounding parishes in the
Royal County of Berkshire. To provide recreational facilities with the object of improving the
conditions of life of the children of the parish of Easthampstead and surrounding parishes.

Our Vision

Our values

Objectives

In setting our objectives and planning our activities the Directors have given careful
consideration to the Charity Commission’s general guidance on public benefit and in particular
to its supplementary public benefit guidance on advancing education and on fee-charging.

In furtherance of these objects, School House offers a Breakfast Club for children aged 3-12,
a Pre-School(PS)for 2 -5 year-olds, a Lunch Club for the Preschool Childrenandan After
School Club (ASC) for 3-11 year-olds.

4

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST ) (A COMPANY LIMITED BY GUARANTEE) Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

Children are admitted to allsettings on a first-come-first-served basis up to the maximum
number allowed.

The Breakfast Club, which helps parents who work, provides a breakfast for children from St
Michael’s CofE School, Easthampstead and from School House Preschool

Pre-School children normally receive early education grant funding through Bracknell Forest
Borough Councilfor up to 30hours per week.  Additional sessions can be purchased,
available.

A supervised Lunch Club is provided for children.

The After School Club charges fees for each session.

All fees are determined by the need to meet the requirements of legislation for such things as
minimum wage, child-adult ratios and the requirement of the Directors that these activities
at least cover their costs.

In all settings and when the fees cannot be afforded, the Directors sympathetically consider
any requests for reduced or waived feesor offer additional sessions free of chargeif they
consider a child will significantly benefit from attendance.Throughout 2023-24, School House
has been supporting one child of a family in need by providing extra sessions free of charge in
the Preschool.

Achievement and Performance

School House was inspected by Ofstedin November 2018 and assessed overall as “Good”.
The “Personal development, behaviour and welfare” was assessed as “Outstanding”.
The Trust achieved a 5-star rating from Environmental Health for food preparation.

Breakfast Club

The Breakfast Club, for children aged 3 -11 from Preschool and St Michael’s School, runs from
7:45 till 8:40 daily. A healthy breakfast of toast, cereals, juice, milk, water, and fruit is offered.
After breakfast, the children are free to participate, under the supervision of the staff, in a
range of free play and structured activities.

With more parents returning to work, demand has gradually increased over the year with up
to 17 children attending.  Indeed, some children stay the whole day: Breakfast Club, Preschool
and After School Club.

5

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,
(FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST )
(A COMPANY LIMITED BY GUARANTEE)
Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

Pre-School (PS)

Preschool numbers have increased by 40% over the year as more parents return to work and
other preschools in the area close due to inadequate Government funding.  The Preschool is
now full most days and there is a waiting list.

The Lunch Club is very popular with children bringing their own packed lunches.  As only 20
children can be seated, it is full most days.

A survey of parents was undertaken in the summer term.  Of the 23 respondents, all were
very complimentary.  There was only one mild criticism which has been addressed.

After School Club (ASC)

The numbers attending the ASC hasincreased by 50% over the year.  30-40 children now
attend each day.

Equipment and Facilities

This year,many items to enhance children play have been purchasedto support all seven
areas of learning.

During the summer 2022, the landlord addressed the damp and mould problem on the rear
wall.

Qualifications

Members of staff are qualified as follows:

6

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,
(FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST )
(A COMPANY LIMITED BY GUARANTEE)
Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

Financial Review

Staff salaries for 2023/24 were increased in line with the National Living Wage of 9.6% in April
2023.A further increase of 5% was awarded in December to help staff with the costs of living
plus a £500 bonus in November towards energy costs.  Increases in fees paid by parents were
also introduced.

A CCTV system at a cost of £5,433 was installed.  This has proved invaluable in keeping children
safe and recording events which require investigation.

Overall, School House made a profit of £6,730.  Reserves now stand at £126,020.

Business Improvements, Risks and Mitigations

School House continues to market itself actively through its website, on social media and local
listings to attract as many children as possible.The introduction of online applications has
resulted in the recruitment of more children.

The biggest financial risk to School House is if it must close at short notice.  The liabilities for
redundancy and reparations to the building and grounds have been assessed at £90,000 for
which adequate reserves are held.

7

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST,
(FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST )
(A COMPANY LIMITED BY GUARANTEE)
Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

Trust Structure, Governance and Management

The Trustees, who are also the directors for the purpose of company law, and who served
during the year were:

Dr S Wells
Mrs N Balamoan
Mr K Smith
Mrs C Millett (until Nov 2023)
Mrs J Miles
Mrs C Johnson (from Nov 2023)
Revd G Morley (from Oct 2023)

None of the Directors has any beneficial interest in the company.  All ofthe Directors are
members of the company and guarantee to contribute £1 in the event of a winding up.

The Trust is managed by a Board of Directors appointed on an annual basis either by the
Governors of St Michael's Voluntary Aided Primary School, Easthampstead or by the Board of
Directors. Up to 15 Members of the Trust are also appointed by the Governors on an annual
basis and who can attend the Annual General Meeting.However, they have not taken up this
invitation in recent years. The Directors employ a paid School House Manager, to deal with
the day-to-day management of the facility, a paid Finance Manager and a number of paid staff
who work with the children. The Directors are unpaid.

There are no connected charities.

It is the policy of the Trust to provide induction for new trustees.  Trustees are encouraged to
attend training courses especially those provided by the Early Years Team of Bracknell Forest
Council.  Inset training days for staff are held termly and trustees are encouraged to attend.
No specific training has been received by any trustees during the period of this report.

The Directors make financial decisions for capital investments, expensive repairs (typically
>£500), staff salaries, the recruitment of senior staff, their management and appraisal, serious
staffing issues and the negotiations with their landlord and the School Governing Body.  The
Directors delegate the day-to-day responsibility for running the Trust to its managers.  This
includes child placement management, recruitment of junior staff, staff management, their
DBS clearance and appraisal, routine maintenance, purchasing of low value items, invoicing,
banking, credit control, financial records, and publicity.The manager provides reports to the
Board every term.  Directors are encouraged to visit School House regularly and help out
where they can.

In setting the pay and remuneration of staff, the Directors pay due regard to such things as
the National Living Wage and salaries offered in job advertisements for similar businesses in
the area.

The Directors have assessed the major risks to which the trust is exposed and are satisfied
that systems are in place to mitigate this exposure.  The directors have paid due regard to
guidance published by the charities commission in accordance with Section17(5) of the 2011

8

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST ) (A COMPANY LIMITED BY GUARANTEE) Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________
Charities Act.

Conclusion

Between them, the Breakfast Club, Pre-School, Lunch Club and After School Club are thriving.
They are an established and valued community facilities.

I would like to give my personal thanks to the other Directors who give so much of their own
time to the benefit of School House and to all the staff who work so hard to make it the success
it is.

9

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST ) (A COMPANY LIMITED BY GUARANTEE) Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

_______________________________________________________________________________

Disclosures

The following disclosures are made by the Board of Directors:

On behalf of the Board of Directors,

Stephen C Wells Director

Dated: July 2nd-2024

10

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST, (FORMERLY ST MICHAELS SCHOOL, EASTHAMPSTEAD, CHILDCARE TRUST) (A COMPANY LIMITED BY GUARANTEE) Charity Registralion No. 1013805 CDtnpany Regi5traliDn No. 02548382 (England and Wales) Inde endent Examlner's Re ort to the Trustees of School House Bracknell Childcare Trust I report to the charity trustees on my examination of the accounts of the Company for the year ended S April 2024. Responsibilities and basis of report A5 the charity'5 trustees of the Company (and also its directors for the purposes of companv law) you are responsible for the preparation of the account5 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 Dut under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions Eiven by the Charity Commission under section 145{5) (b) of the 2011 Act. Independent examlner'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: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records, or 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 the accounts have not been prepared i n 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 acr055 no other matter5 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. A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Rd Guildford Surrey GUI 4XA Date: ..... 11

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST (A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)
STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

Notes
Incoming resources from generated funds
Incoming resources from charitable activities
2
Other incoming resources
3
Total incoming resources
Resources expended
4
Charitable activities
Nursery
After school
Breakfast Club
Total charitable expenditure
Total resources expended
Net Income (expenditure) before tax for the financial year
Tax payable
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 6 April 2023
Fund balances at 5 April 2024		 2024
2023
All Unrestricted Funds
£
£
266,701
246,346
428
330
267,128
246,676
203,187
189,602
51,533
45,264
5,679
4,302
260,399
239,168
260,399
239,168
6,730
7,508
0
0
6,730
7,508
119,290
111,783
126,020
119,290		 
The Statement of Financial Activities also complies with the requirement for an income and expenditure account under the Companies
Act 2006 and the Companies Act 2011.

There being no other changes in equity, arising in the year, other than stated above,  the Statement also complies with the requirement
for a Comprehensive Income statement.

BALANCE SHEET

AS AT 5 APRIL 2024

AS AT 5 APRIL 2024
BALANCE SHEET
Notes
Fixed assets
Tangible assets
8
Current assets
Inventories
9
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2024
2023
£
£
£
£
9,627
10,171
169
0
7,833
29,173
151,361
84,554
159,363
113,727
-42,970
-4,608
116,393
109,119
126,020
119,290
126,020
119,290
126,020
119,290
159,363
-42,970		 113,727
-4,608
126,020 119,290
126,020 119,290
126,020 119,290 
12

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST

(A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales) BALANCE SHEET

FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 5 April 2024. No member of the company has deposited a notice, pursuant to section 478, requiring an audit of these accounts. The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with section 396 of the Act; and

(b) preparing accounts which give a true and fair view of the state of affairs of the company at 5 April 2024 and of its profit for the year then ended in accordance with section 386, and otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the company.

The accounts were approved by the Board on date: 21st May 2024

Dr S Wells Director

13

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST

(A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)

Statutory Information

School House Bracknell Childcare Trust  is a private limited company, limited by guarantee, domiciled in England and Wales,
registration number 02548382.

Registered address:

School House

Crowthorne Road

Bracknell

Berkshire

RG12 7EH

The Charity number is 1013805

The presentation currency is £ sterling. The report and accounts include only the transactions of the company. The figures in the
accounts are not rounded.

1 Accounting policies

1.1 Basis of preparation

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 accounts have been prepared on a going concern basis, under the historical cost convention.

1.2 Revenue Recognition

Fee income comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Any fee
income received in advance is deferred until the following period.

Subsidies and Grants are recognised upon application.
Interest is recognised upon receipt.

1.3 Tangible fixed assets and depreciation

Fixed assets which cost over £500 are capitallised (Note 8).  Lower valued items are included in the inventory (Note 9).
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated
residual value of each asset over its expected useful life, as follows:

Equipment33.3% on cost
Fixtures and fittings                     20% on cost

1.4 Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant
rate of return on the balance outstanding.

1.5 Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its employees.
Contributions payable are charged to the profit and loss account in the period in which they are payable.

14

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST (A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

2 Incoming resources from charitable activities

Nursery fees
After school fees
Breakfast Club
Registration Fees
3 Other incoming resources
Other income
4 Total resources expended
Charitable activities
Nursery
Activities undertaken directly
After school
Activities undertaken directly
Breakfast Club
Activities undertaken directly		 2024
2023
£
£
202,228
196,469
56,945
45,738
7,117
3,749
410
390
266,701
246,346
Total
Total
2024
2023
£
£
428
330
428
330
Staff
Other
Support
Total
Total
costs
costs
costs
2024
2023
£
£
£
£
141,202
12,496
49,489
203,187
189,602
33,300
4,558
13,675
51,533
45,264
3,725
0
1,954
5,679
4,302		 2024
2023
£
£
202,228
196,469
56,945
45,738
7,117
3,749
410
390
266,701
246,346
Total
Total
2024
2023
£
£
428
330
428
330
178,227
17,055
65,117
260,399
239,168

5 Support costs

2024 Support Costs (below) have been allocated in proportion to the incomes
(Allocation)
Pension Costs
Rent
Fuel, rates, telephone etc
Maintenance and repairs
Write offs
Support Inventory Purchases
Accountancy
Administration
Depreciation		 Nursery
ASC
Breakfast Club
2024
2023
76%
21%
3%
£
£
3,687
1,019
146
4,852
4,098
5,016
1,386
198
6,600
7,233
10,560
2,918
417
13,894
13,321
4,152
1,147
164
5,464
7,320
0
0
0
0
876
687
190
27
904
1,846
1,486
411
59
1,955
1,795
19,358
5,349
764
25,472
21,079
4,543
1,255
179
5,978
7,198
49,489
13,675
1,954
65,117
64,766		 
15

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST (A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)

6 Directors

None of the Directors (or any persons connected with them) received any remuneration. There were also no reimbursement paid to Dr S
Wells for expenses incurred regarding mobile phone insurance (2023: £80)

7 Employees

Number of employees

The average monthly number of employees during the year was:
Part-time:
Nursery
After school club
Breakfast Club
Finance
Total
Full Time
Administration
Total
Employment costs
Employers National Insurance
Wages and salaries
Pension Costs		 2024
2023
Number
Number
6
6
2
2
1
1
1
1
10
10
1
1
1
1
11
11
2024
2023
£
£
3,345
1,306
198,992
177,375
4,852
4,098
207,189
182,779		 
The pension cost has been dealt with as a support cost and been allocated in accordance with note 5.

The total remuneration paid to key management personnel was £50,282, including pension and employer's National Insurance (2023: £49,117)
There were no employees whose annual emoluments were £60,000 or more.

8 Tangible fixed assets

8 Tangible fixed assets
Cost
At 5 April 2023
Additions
Disposals
At 5 April 2024
Depreciation
At 5 April 2023
Charge in year
Disposals
At 5 April 2024
Net book value At 5 April 2023
Net book value At 5 April 2024		 Plant and
machinery
Fixtures,
fittings &
equipment
Total
£
£
£
29,958
45,838
75,796
5,433
0
5,433
0
0
0
35,391
45,838
81,229
29,958
35,667
65,625
1,811
4,167
5,978
0
0
0
31,769
39,833
71,602
0
10,171
10,171
3,622
6,005
9,627		 
16

SCHOOL HOUSE BRACKNELL CHILDCARE TRUST (A COMPANY LIMITED BY GUARANTEE)

Charity Registration No. 1013805 Company Registration No. 02548382 (England and Wales)
9 Inventories
Inventories at lower of cost and net realisable value
Inventories recognised as an expense this financial year
Impairment adjustments made in the year
10 Debtors
Trade debtors
Taxes & Social Security
Other debtors
11 Creditors: amounts falling due within one year
Taxes and social security costs
Accruals
Sundry Creditors		 2024
2023
£
£
0
0
2948
3939
0
0
2024
2023
£
£
3132
23225
0
0
4701
5948
7833
29173
2024
2023
£
£
3,741
3,001
2,760
1,320
36,470
287
42,970
4,608

12. Guarantees and other financial commitments

Lease commitments

At present there is an annual commitment of £6,600 in respect of the premises which currently has no expiry date, but is expected to continue on a
year by year basis.

Therefore the Total Commitment as at Year End £6,600 (2023: £6,600)

13.Related Party transactions

Other than disclosed elsewhere in the accounts there have been no related party transactions.

17