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st. Mlchael's Pre-school Flnanclal Report for the Year Endlng 30th September 2025 These accounts for the yeor ending 30 September 2)25 have been produced fu rxesentation at the AGM on 151h October 2025. Recelpts and Paym•nts Accounl The Receipts and Poyments account shows operoling incom8 of £155.997 and expenditure of £150,308 for the year. giving a surplus figure of £5689. Thi4 fige £5651 takes into accounl deFxeciation on fixed assets giving a running costs income over expendilvre surplus of £11,340. balance Sheet The value of fixed assels of Ihe group are all in the bulldlng, oll olher Ilems having been fiJlty depreciated. Due to the type of building depreciotion is based on o life expectancy of 40 years, using Ihe straight Ilne ffth0d, therefcre depreciotion is calculat8d as 2.5% of the building at cost th a zero salvage value. As ot 30 September 2025 the book balance of rnIeS held by the Pre-school are following amounls Lloyds 8ank Treosurers Currenl Account Lloyds Deposit Account Operoling cash income held Fundraising Accounl held at bonk Lloyds 32 day notice account Lloyds 12 month fixed lerm account Glvlng lotal cash assets In addilion to Ihis the Pre-schod has debtors of Glvlng total current assets ol However, there are cuent liabTilies omounting to Resulllng In nel worklng assets ol To thls figure 15 added the net book volue of the building. fixtures and fillings and equipment lolaling Gfvlng Net Assets ol 5,945 20.822 31 2,292 58,973 20,000 108,063 4,104 112,167 1,063 180.838 291.942 The Pre-school holds high inleresl occcMJnls:_ 0 32 day notice account into whEh £3J,CXQ was originalty invested and which accrues interest on a monthly bosis. Since opening the account a further £25.COJ has been moved into Ihe 32 day notice account. With interest accrued the balance now stands al £58973. During the finoncK]l year the interest rale. which ts variable. hos aulomaticalty decreased and monthly inlerest Fxjymenls have fluctualed between £122 and £96 per month. Inleresl is calculated on a daily basis. Brought forward from the ryevious ffnancKJI was £20.( invested in a term account, maturing in June 2025 realising inleresl of £314 whh wos outomoticolly transferred into the Deposit account. The capital amount of £20.(MX) was reinvesled in a fixed lerm account. accounl al an interest rate of 2.34%, maturing on 251h June 2026. with a prqecled relum of £468. 11 is within Ihese occounls thal the buikjing repaws and renewal contingency ond ck)sure costslredundancy amounts are held.
Accumulated fund Whilst Ihe pr&school Is in o good financial posttion it shouky be noted Ihal of the occumulaled fund figure certain amounts are required to be held in the event of closure. These om<xJnts are f staff redundancy and in fieu of notice poyments Reimbursement of gront and fees Building disposal and moking good the land Building Repairs and Renewol Conlingency I (increased by £1 O,C(Olannuml £38,975 £11,734 £21,C .c(01 As ogreed by previous committees. accurrLJloled fundraising surplus is held in reseNed omtxjnts within the accumulal8d fund ond odiusled by any in year surplus or deficrt. The balance bf from the previous fy was £2271, with o surplus within Ihe cuent fy of £995, see attached full breokdown of fiJndroising income and expenditure in Ihe yeor. leaving a balae held within fvndraising reseNed fund of £3.266 In addltlon to this Govemment gront funds f¢J EYPP ond ISF are ringfenced fu the chli ctren the amounts are allocated for and surplus amounts must be ccrried fcmword os folbws EYPP ISF £607 £0 Therefore, the general fund amcxjnt CtJried fcfward remains in a minus fige of £44,47812023-2024 figure minus £41.7901 Whilst an enforced cthure without being Ob to loke odvonloge of InsOnce cover is highly unlikely and. at the moment, any shorffoll in amounts held could be covered by the Repairs and Renewals contingency, o planned decrease in the general fund deficil would minimize any fvtvre risk of trustee Continued
Fund Ralslng - Income and exFendilure in the Ye is reported as follows:. rplus event 16 Autumn qulz Natlvlty USB Spend Chrlstmas cards and mugs spend Cknrlstmas Raffle 16 211 -277 -267 387 -37 61 350 Natlvlty Stalls end Concept Photograph Photo Commlsslon Fate Incom• Fund Ralslng end Tea Ti)wels end Summèr Rame spend Reductlon In spend to offsot bl donallon Irom 2023-2024 andE ul ment s nd 211 -25 145 1027 .160 186 145 -315 -87 -53 .1583 Fundral$ln8 Income o%*r spend 2577
Independent examinerfs report on the accounts CHARITY COMMISSION FOR ENGLAND ANO WALES Section A Independent Examiner's Report Report to th• trustoesl members of St. Michael's Prevschool On accounts for the year ended Charlty no (If any) 30th September 2025 1029196 Set out on pagos 10 Itlde ppp. prtrtltiofjal 8hppl$t Respectlve The charws trust aro responslJle forthe preparatlon ofth• accounts. The charty'8 tru8te88 con8ld8r re8ponsibilltia that an audrt is not wulrtd for this year undar SaCt 144 ofthtr Chanties Act 2011 nhe Charitios Act) s of trustees and that an ItVJep8rf examln8lK is needed. trhe ch¥Ws gm88 income exceeded £250,OW and l am qUalffjd to und&rtak• tIK •xaminalion by t•ing a qualrfleil m•mbtsr of Inamed bodyll. Delets I I Ilnol and examlner opplio8bb. 11 is my re8pon8ibilty lo.. examine the 9nts undw 8e¢tion 145 ofthe CharfJe8 Act. to follow thg prc¢8dure8 laid down in the general Dirnction8 givw) by tr Chorfty Conwnlmlon lundar section 14515)Ibl of the Chariti88 Ad, aThJ to stale whether particular matt•rs hgv• ¢LTh to my 8tt•nllon. Ba818 of Independent examlnerf$ statement My examinatiL W88 car1 txrt in •¢xordance with general Direci)n8 gNon by tho Charity Comml$$lon. An exaffllnatKJn Indudes a re¥ off ntkn9 r•xord8 kepi by tl ¢h8rity and a compari80n ofthe a¢¢ounts wesented vthh those records. tt dso IUd&S consthralh)n ol any unusual items or di6clo8ureB kn the accounts, arJ 8eekJng exwanalioro trust• con¢emirvJ any 8uch matters. The procedure8 undertaken do not provide all th• wid8nca th¥1 would bg required in an audit, and consequently no op'nion 3 given as to ether aCunts kV••Wrt 8 1n and vltr and the rew118 Ilmw to tho8e matters out In stslement bebyw. Independent In ¢Ontl wilh my examinaliLJn, no matter h88 come to my Attenilon (otrr than th8t dl$d084d b•low examlnar's 1. whKh gives me Tea60nabbe cause to believe that in, any material r88P8Ct, the rewir8m•nts.' statsm•nt io keep acczjunting records in accordarts t•hth of the Charitk Act". and to prepare attounts whkh 0rd wlth the accOunrj reojrds and comply the accc4Jntlno requirem61$ of the CharitseB hav• not Lwi (x 2. to whth, In my ¢¥itkn. atttim b• in cth to •nat4• 8 yopw UrarstWd1r0 of Ihe 8¢Munts lo be re•d)ed. ' P18as8 d818t& lh8 brnckets not 8th. Signed: Date: /b/7/z6. Name: Adrienne Vfyllie Relevant professlonal qualificationls) or body Irf any): FIAB fpf Addres8: On Balance Business Services 8 Outram Close, Melksham. SN12 6LB
Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. accounting records have not been kept in accordance with $132 of the Charities, Act 2011 and those accounts do not compty with the rwjuirements of the 2( Regulations settin8 Out the forrn and content of thartty accounts.. any material expenditure or action which appears not to be In accordance with the trusts of ihe tharfity,. any failuTeto be provided wlth Informatlon and explanatlons by any past or present trustee, officer or employee.. and any materlal conslstenty between the accounts and the trustees, annual report.
Give here brief details of any Items that the examlner wishes to dlsclose.