st. Michael's Pre-school Flnanclal Report for the Year Ending 30th September 2023 These accounts for the year ending 30" September 2023 have been produced fcf ryesenlatlon al the AGM on 171h October 2023. Recelpts arKI Payments Account The Receipts and Payments account shows operoting income of £140,615 and expenditure of 146,660 for the yeor. During the financial yeor the group income has therefore been insufficient to cover expènditure giving a deficit figure of £6,012. Of this figure £5651 is depreciation on fjxed ossels givlng a njnning cost deficit of £361. Balance Sheet The value of fixed assets of the group are all In the building, all other items having teen ful depreciated. Due to the type of building deeCiatIOn is based on a life expeclancy of 40 years, uslng the slraighl line m8thod. therefue deprecialion is calculated as 2.5% of Ihe buildlng al cosl wlth a zero salvage valve. As at 30" September 2023 the book balance of monies held by the Pre-school are followlng amounts Lloyds Bank Treosurers Currenl Account Uoyds Deposit Account 8,978 Operatlng cash Income hekl 5,324 Fundraising Account hald at bank Lloyds 32 day nolice accsxjnt Lloyds 12 month frxed term account Glvlng total cash aM•h In oddition to this the Pre-schod has debt(ys of Glvlng total current assets c However. there are cuent liabilities arUntIng to Resulllng In nel worklng assets To this figure is added the net book value of the buikfing, fixtures and filting5 and equipment totaling Glvlng Net Assets 56,222 94,613 2725 97,338 1.01 I 96.327 19,2140 288,407 The Pre-school holds high interest accounts:_ a 32 day notice occounl into which £XI.C(MJ was 0rlg1nal Invested and whlch accrues Interest on a monthly basls. Since opening the account a further £25.CCQ hos been moved into the 32 day nolice account. Wilh interest occrued the balance now stands ot £56,222. During the financial year the interesl rale. which is variable. has outomalically increased ond monthly interest payments have increased from £X).43 per month to £110.94. Interest is colculoted on a daily basis. Broughl forword from the previous financial wos £20.OCQ invested in a 12 month fixed term accounl, maturing in August realising interesl of £420 which was aulomotically tranSfe@d into the Deposit account. The capilal amount of £20.QKKI was reinvesled in a 6 month fixed term account, account al an interest rate of 3.4%. The 6 month fixed term account will mature on 141h February 2024. It is within these two acGounts that the buildirvJ repairs and ren1 contingency and closure costslredundancy amounts are held.
Accumulated fund Whllst the pre-school ts In a good financiol position it should be noted that of the accumukjted fund figure certain amcLJnls ore requred to be hekl in the event of closvre. These amcunfs are for staff redundancy and in eV of notlce payments Reimbursemenl of gronl and fees Building disposal ond moking good the land Building Repairs and Renewal Contingency £35.387 £10,779 £21.0001 £60.0002 I Increased this flnancial year in line wllh Wittshre Council recommerKJed amounts 21lncreased by £1 O.CW/annuml As ogreed by previous commitlees, accumubted fundroising surplvs ts held In reserved omounts wllhin the accvmulated fund and odjusted by any in yeor surplus ¢y deficit. Fundraising Therefore, the general fund amovnt carried fc¥word ts now In a mlnus flgvre of minus £34,69812021-2022 figure minus £20.9061. Whibt an 8nf¢yced closure withoul being able to take advontoge of insurance cover is hlghty unllk8ly and at the moment any shortfall in amounls held could be covered by the Repairs and Renewols contingency, o continuing Increase in the general fund deficit wovld result in placing fiJlure trustee5 01 rfsk of havlng to cover any sh(xlfall from their personal funds. Fund Ralslng - Income and expendilure In the year is rewted as f¢Jlows:. Event Income S nd Chrlstrna5 Card5 317.5 250.31 67.19 Chrlstmas Raffle 277 120.64 156.36 Stalls 364.1 76.63 287.47 Natlv DVD 246 303 -57 Tea Towels 412 323.96 Phot h Income 201 55 146 Sponsored event 394 394 Fete Income 1041.2 76.75 964.45 Sundry donatwjns Sund end 34.95 Lotte Licence 20 To andE Totals Fundraislng Inc<xne over spend ui ments 1032.56 2293 I(5.01 3275.3 981.5
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SL Mlchael's Pre4chool Chartty Commlsslon Registration Number 1029196 Balance Sheet for the Yéar ending 30th September 2023 2022-2023 2021-2022 Flxod Asi•t8 Building Fixtur8s & Fittings Computer equipment Print8r8 At cost Dop NBV 226047 337 192140 4674 4674 500 At ¢08t D•p N8V 226047 28256 197791 4674 4674 soo soo 809 232030 34239 197791 Year 6 Year 6 Year 6 232030 39890 192140 Curr•nt Auot• Lloyd8 Trea$uier8 Account Lloyds Deposit Aco)unt Fund Raising Account Ca8h income Lloyd8 32 day notice aCcnt Lloyds account 8978 5324 2888 1201 56222 20000 94613 2725 2588 14338 2627 175 55260 20C4)0 94988 3011 Plus Debtor8 97338 97999 Curr•nt Il•bllhl Crodilor8 1011 1311 1011 1311 N•t A•••t• 98327 96688 294479 Flnane•d by Ac¢umulaled Fund a$ al 1st Octobor 2021 adjuslmenl for underca8t on Consumables spend in pr•viou8 fy 294479 307607 294479 -6012 307607 -13128 Surplus Income over Expenditure g•n•ral fund 288467 294479 Carrlod forward Fixed A88ets General fund R88arvfrd funds Repairs and renewal8 contingency One ty £1(K N•} Closure ¢ostWRedundan¢y Redundancy & notice RoimbupJement of grant and f Building disposal & maklng gcod Fundraising bf surplu$ in current year Other specific reserved funds (donations) EYPP ISF 192140 197791 -20906 35387 10779 21000 10088 20000 2871 3853 2871 -11 98327 96688 288467 294479 Bulldlng disposal and makin8 good figure increased as at september 2023
Independent examinerfs report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Examiner's Report Report to the trustee&l members of St. Michael's PrChoOl On accounts for thè year ended 30th September 2023 Charity no (If any) 1029196 Set out on pag•8 r '.r Ilcludo th8 paga fturrljers of 8ddilional sha? R08pectSv• Tho ¢hanty'8 Stat• re$F fof thè w¢pwation oftho a¢¢rAmt8. Thè dwty'8 tr1 con8ldor re3ponslbllltl• that an ¥uthl is not requirod forthls yèar uThJer 144 of the CharitKi$ Act 20111lh8 Charllios Acr) 8 of trustees 8Th1 that an ind•pendenl examinatk)n 15 rrho ch•rfty's gr08$ itKcrfne exceeded £250.LX)O and l am qualifie4J to kO •x•nlnthon by w a quollkd member ol Inamed bTr*ll. D818te I I Ilnot and examlnor 8pplioable. tt li rny respon8lbMlty to..
mine the a¢c¢unts Mction 145 oflh Charhl88
to folow the prduM lahl d(hvn in the Dlrnthom glv•n by thè Charfty CommlB•lon {und8r cdon 145(51(bl of th• char08 W and Bas18 of Independent •xamln•rfs •tatam•nt My •xamlr•Uw w88 fArt In 4(tsrdgnL¥ gen8r81 Dlrecllon8 gfvan by the Chartty Commls810n. An ex8m5nataD IndUd • Of a¢£oJnting reGor¢s kept by the charity and a compar180n of thè accounts we818d Ih08e records. 11 dso indud8s Conth1erat of any unusual rtems or disclosu In the ar£ounts. arKI seeking oxplanolKrt from the trusto08 conrmlng any such matterfy. The predU$ und•rt¥kon do not all the evld•rKeth•t wouhj rwwired in audit. and consequ8ntly no ow'nir li gNen as lo whether tha acc¢urtts present a falrf vth and the report 1$ Ilmlted lo those maltors lot In ts 8latwwrt beknv. Independent In ¢onno¢tth my MInall0n. matter has CCth• to my atteOTr l¢)thw IW dlBdo8ed bdow ? examlnerf8 1. tthi¢h gNe8 m• rnawiable cau8• to b¢e¥e that In. •ny material re8pect. the fequiremenis.. •tatem•nt lo keep •CunI1vj rec¢xds in aco)rdorKe vitth 8•ctk)n 1 tslthe chan10 Act,. and to prep8re 8Lwunts which aoxvd wilh th• 8ccIMmtiry rocorfi aThJ V•lth th8 accounong TeqUIrgnts ofthe CharlU98 Act hav• t>e•n or 2. to vthKh, in my opiNon, attlI)n •hould b• drffwn In Lyder to •nable a prop¢r urKler8tanding of I accnts to be rnathed. Slgned.. Date: i I f Zo-Z>* Name: Mrs C Davies Relevant professional qualification(s) or body (if any): Address:
Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. accounting records have not been kept in a¢cordan¢e with $132 of the Charltie5' Act 2011 and those ac£ounts do not comply with the requtrements of the 2C(J8 Regulatlons settln8 out the form and content of chartty accounts.. any materlal expenUre or attion which appears not to be In accordan with the tnists of the charlty- anyfailure to be provided with informatSon and explanations by any past or present trustee. officer or employee: and any material con515tency be the accounts and the trustee5' annual report.)
Give here brlef detslls of any items that the examinerwishes to dlsclose. M&4J. CLQ ' 04 t>.L JL )171 Tr>Z