St Andr$ pr84chool Report ofthe Tru8tees for the Year Ended 31 Deoomber 2023 The trustees present their report with the financial ststements of the charity for the year ended 31 December 2023. The trustees have adopted the provision8 of Accountlng and Reporting by Charlties: Statement of Recommended Practice applicable to charlties preparlng thelr accounts in accordance wlth the Financial Reportlng Stsnd8rd appilcable In the United Kingdom Accounting Standards (Unlted Klngdom Generally Accepted Accounting Pr8Ctlce). OBJECTIVESAND ACTMTIES ObJo¢tlves and alm8 1. We are a communlty pre-schooland we are allowed tOC8terwlthln the ratlo ofthe Same rooms 8IIoc8ted for the use of the pre•school. 2. We operate In the mornlng and part afternoon between 8.OOam4.00pm term tlme only. 3. We recelve 15 hours fundingfor8omeM)-year-olds and 15130 hours fundlngfor 3-Syearold8. 4. We also rely on fund-ralslng actfvltles. We operats under the Pre•School Le8rnlng Alll8nce Guldelines and are Snsured by them. Th18 childcare 88rvlc8 8dheres to the Of3ted Earty Year8 Found8tlon stsg8 Framework, Pollcles and Procedures. Th18 community pre-school 8UPPOrts parentslcarers who wish to go back to work and need 8fford8ble chlidcare whlch Is also subsldlsed by the Government. Publlc beneflt Trusteeslcommittee members have regard for the Ch8rlty Commisslon3 guldance on publlc benefft at our meetlngs. The focus of our 8Ctlvltles remalns for the care of young children under the guidelines and reglstratlon under the Pre-school LeamlngAlliance and Otsted. We cater for children aged between 18 month8 - 5 years In compuance wlth the Eerly Years Foundatlon Stage Curriculum with regards to welfare, safeguarding. policies and procedure requlrements while maintaining close partnership8 With parentslcarers. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles 1. We advertise widelyand continue to galn more attention. 2. We have more tM>ye8r oldsjolnlng u8. 3. We have had 8 'Good' Judgement in November 2023 by Ofsted In respect of the ser4lce we provlde forchildren.
Fundral8lng actlvltles We had 8 fund-raisingday, sponsored work, we continueto do regularcake sales. and held fancy dress parties to support our fund raising activitles FINANCIAL REVIEW Reserves polley We wlll u88 excess reserve to replenlsh resources, equlpment end tske the chSLdren out on trlp8 Fund8 In dellclt None STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documont The charlty 18 controlled by It8 governlng document, a deed of trust 8nd constltute8 an unlncorporated charlty. Constltutlon adopted 2013 Addltlonalgovernance We work cLosely wlth the Pre-school Learning AllS8nce and our Insurance cover18 wlth them. We adhere to all thelr pollcles and procedures and1Skewise allwho are 8ffSllated wlth the pre-school. We have Implemented allthe requlrements of the GDPR In complSance wlth the 1998 Act. Charlty con8tltutlon Deed of Trust Recrultmont and appolntment of new tru8tee8 Elected by p8rents/carer8 of the pre-school 8nnu8lly. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number: 1032082 Princlpal addre88 St Andrew's Church Lynford Garden's Edgware HA8 8TZ
Chalrperson R BouLton Trustees N Thakur J Grace L Porter C Taylor REFERENCE AND ADMINISTrATIVE DETAILS Indopondent Examlnor Jebarson Wllllam ACCA Amlty Accountants 04 Whltchurch Parade Whitchurch Lane Edg4V8re Middlesex HA8 6LR Approved by order of the board of trustees on ..... behalf by: and slgned on It8 N Thakur
St Andre$ Pre Sthool Charlty No. 1032082 Trustees, Report and Unaudited Accounts 31 Dernber 2023
St Andrew's Pre Sthool Trustees Annual Report The trustees present their report with the unaudited financlal statements of the charity for the year ended 31 December 2023. REFERENCE AND ADMINisfRATIVE DETAILS Charity No. 1032082 Trustees The followln8 trustees Seed durln8 the year J. Grace L. Porter C. Taylor N. Thakur Key Management Personnel Chalr Accountants R Boulton Amlty Accountants 4 WhStchurch Parade Whltchurch Lane Edgware HA8 6LR Statement of tru5tses' resPOnbIlItIeS In relatlon to the finandal ststements The charlty trustees are responsible for preparln8 a trustees, annual report and flnanclal statements In accordance wlth applicable law and United Kingdom Accountin8 Standards {United Kln8dom Generally Accepted Accounting Practlce). The trustees are responslble for keepin8 proper accounting records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posftlon of the charity and to enable them to ensure that the financlal statements comply wlth the Charltles Act 2011. the appllcable Charltles (Accounts and Reports) Re8ulatlons, and the provislons of the Trust deed. The Trustees are also responslble for safe8uardlng the assets of the charfty and hence takln8 reasonable steps for the preventlon and detection of fraud and other Irregularltles. Signed on behalf of the charlvs trustees N. Thakur Trustee 25 October 2024 Page I
St Amdrew's Pre School Independent Examlners Report Independent Examlnerfs Report to the trurtees of St Andrews Pre School I report to the trustees on my examlnatlon of the financial statements of St Andrew's Pre School for the year ended 31 December 2023. Responslblllties and basls of report As the charity's trustees you are responsible for the preparation of the financial statements in accordan wlth the requirements of the Charities Act 2011 {'the Act,). I report in respert of my exarnination of the charlty's financial statements carrled out under section 145 of the 2011 Act and in carrying out my examlnation I have followed all the applicable Dlrections glven by the Charity Commlsslon under section 145{5){b) of the Act. Independent examlner's statement I have completed my examination. I can conflrm that no materlal matters have come to my attention In connectlon wlth the examlnation giving me cause to believe that in any material respect: the accounting records were not kept In respect of the charlty as required by section 130 of the Act: or • the financial statements do not accord with those records; or • the financial statements do not comply with the applicable requirements Conrning the form and content of financial statements set out in the Charities {Accounts and Reports) Regulatlons 2008 other than any requSrement that the financial statements glve a *rue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion with the examlnation to which attentlon should be drawn in this report In orderto enable a proper understanding of the financlal statements to be reached. Jebarson William ACCA Amity Accountants 4 Whltchurch Parade Whltchurch Lane Edgware HA8 6LR 25 October 2024 Page 2
St Andrew's Pre School Statement of Flnanclal Actlvities for the year ended 310ecember 2023 Unre5trlcted funds Total funds Totsl funds 2023 2023 2022 Notes Income and endowments from: Donatlons and legacles Other tradlng actlvltles Investments 105,875 32,921 314 105,875 32,921 314 103,427 22,395 297 Total 139,110 139,110 126,119 Expendlture on: Other 120,540 120,540 120,540 110,321 Total 120,540 110,321 Net 8alns on Investments Net Income 18,570 18,570 15,798 Transfers between funds Net Income before other 8alnslllosses) 18,570 18,570 15,798 Other 88ln$ and losses Net movement In funds 18,570 18,570 15,798 Reconclllatlon of funds: Total funds brought forward 50,474 50,474 34,676 Total funds carrled forward 69,044 69,044 50,474 Page 3
St Andrew's Pre School Balance Sheet at 31 December 2023 Charfty No. 1032082 2023 2022 Current assets Debtors Cash at bank and in hand 23,780 46,075 69,855 (811) 69,044 16,776 36,518 53,294 {2.820) 50,474 Credltors: Amount falling due withln one year Net current assets Total assets less Current liabilities 69,044 50,474 50.474 Net assets exdudlng penslon asset or Ilability 69,044 Total net assets 69,044 50,474 The funds of the charlty Restricted funds Unrestrfcted funds General funds io io 69,044 50,474 69,044 50,474 Reserves io Total funds 69,044 50,474 Approved by the trustees on 25 October 2024 And slgned on their behalf by: N. Thakur Trustee 25 October 2024 Page 4
St Andrew's Pre School Notes to the Accounts for the year ended 31 December 2023 l Accountlng policies Basis of preparatlon The financial statements have been prepared in accordance wlth Statement of Recommended Practice: Accountlng and Reporting by Charlties preparing thelr accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc if Ireland {FRS 1021 tssued on 16 July 2014 and the Flnancial Reporting Standard applicable in the Unlted Kingdom and Republlc of Ireland (FRS 102) and the Charities Art 201L Change In basls of accounting or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accountlnB) since last year and no changes have been made to accounts for prevlous years. Fund accountlng Unrestricted funds These are avallable for use at the dlscretk)n of the trustees In furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestrlcted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Deslgnated funds Revaluatlon funds Restricted funds Income Recognltlon of Income Income is included In the Statement of Flnanclal Actlvltles (SOFA) when the charfty become5 entitled to, and virtually certain to recefve, the income and the amount of the income can be measured with sufficient reliability. Incorne with related Where income has related expendSture the Income and related expenditure is expenditUTe reported gross in the SOFA. Donations and legacie5 Voluntary Income received by way of grants, donatlons and gifts is included In the the SOFA when receivable and only when the Charity has uncondltional entltlement to the income. Tax reclaims on Income from tax reclaims is included In the SOFA at the same tlme as the donations and glfts glft/donation to which it relates. Donated SerIce5 These are only included in income (with an equivalent amount in expenditure) and facilities where the beneflt to the Charlty Is reasonably quantifiable, measurable and materlal. Volunteer help The value of any volunteer help received is not included In the accounts. Investrnent income This Is Included In the accounts when receivable. Gains/(losses) on This includes any gain or loss resutting from revaluing Investments to market value revaluation of fixed at the end of the year. assets Galns/(losses) on investment assets This includes any gain or loss on the sale of investments. Page 5
St Andrew's Pre School Notes to the Accounts Expendlture Recognitlon of expenditure Expendlture is recognised on an a¢crua15 basls. Expendlture Includes any VAT whlch cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expendlture on These comprlse the costs assoclated with attractlng voluntary Income, fundTatslng raislng funds tradlng costs and investment management costs. Expendlture on These comprise the costs Incurred by the Charlty In the dellvery of its activltles and charltable actlvltles services In the furtherance of Its objects. Includlng the rnaklng of grants and governance costs. All grant expendlture Is accounted for on an actual paid basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet pald. These Include those costs assoclated wlth meetln8 the constitutSonal and statutory requlrements of the Charlty, Includln8 any audwlndependent examlnatlon fees, costs Ilnked to the strate8lc management of the Charlty, together wlth a share of other admlntstratlon costs. Other expendlture These are support Costs not allocated to a partlcular actlvlty. Grants payable Governance Costs Trade and other debtors Trade and other debtors are reco8nlsed at the settlement amount due after any trade dlscount offered, Prepayments are valued at the amount prepald net of anytrade dlscounts due. Trade and other credltors Short term credltors are measured at the transactlon prlce. Other credltors and provlslons are recognlsed where the charlty has a present obllgatlon resultlng from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obll8atlon can be measured or estimated rellably. Credltors and provlslons are normally recognlsed at thelr settlement amount after allowlng for any trade dlscounts due. Penslon costs The charlty operates a deflned contrlbutlon plan for Its employees. A deflned contrlbutlon planls a penslon plan under whlch the charlty pays flxed contrlbutlons Into a separate entlty. Once the contrlbutlons have been paid the charlty has no further payrnents obllgatlons. The contrlbutlons are recognlsed as expenses when they fall due. Amounts not pald are shown Sn accruals In the balance sheet. The assets of the plan are held separately frorn the charlty In Independently admlnlstered funds. Page 6
St Andrew's Pre School Notes to the Accounts 2 Statement of Flnandal Pthvltles- prlor year Unrestrlcted funds Total funds 2022 2022 Income and endowments from: Donatlons and le8acles Other tradin8 actlvltles Investments 103.426 22,397 272 103,426 22.397 272 Total 126,095 126,095 Expendlture on: Other 110,321 110,321 Total 110321 110,321 Net Income 15.774 15,774 Net Income before other 8olnsl(losses) Other galns and losses: Net movement In funds 15,774 15,774 15,774 15.774 Reconclllatlon of lunds: Total funds brought forward Total funds carrfed forward 34,701 34,701 50,475 50,475 3 Income from donatlons and le8acles Unrestrfrted Total Total 2022 2023 105,875 IOS.875 105.875 105,875 103,427 103,427 4 Income from other trad5ng actlvltles Unrestrfcted Total 2023 Total 2022 32,921 32,921 32,921 32,921 22,395 22,395 S Income from Investments Unrestricted Total 2023 Total 2022 Deposit account interest 314 314 297 314 314 297 Page 7
St Andrew's Pre School Notes to the Accounts 6 Other expendfture Unrestrkted Total Totsl 2022 2023 Other resources expended Bank loan and overdraft interest payable Employee costs Motor and travel costs 2,410 2,410 2,189 330 86,877 86,877 77,664 532 Premises costs 21,956 7,677 1.620 120,540 21,956 7.677 1,620 120.540 22,049 6,452 1,105 110,321 General administrative costs Legal and professional costs 7 Staff costs 2023 83.090 1.378 1,727 86.195 2022 74.336 1,259 1.553 77.148 Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60.000. 8 Debtors 2023 2022 Trade debtors 23,780 23,780 16,776 16,776 9 Creditors: amounts falling due wtthln one year 2023 2022 Trade credito 811 2,820 2,820 811 10 Movement In funds Incoming resources At31 December 2023 rincluding other At l January 8alns/losses 2023 Resources expended Restrfcted funds: Unrestrlcted funds: General funds 50.474 139.110 (120,540) 69,044 Totsl funds 50.474 139,110 (120.540) 69.044 Page 8
St Andrew's Pre Sthool Notes to the Accounts 11 Analysls of net assets between fund5 Unrestrlcted funds Total Net current assets 69.044 69,044 69,044 69,044 12 Reconclllatlon of net debt At31 December 2023 At l January 2023 Cash flows Cash and cash equivalents 36,518 36,518 9,557 9,557 46,075 46,075 Net debt 36,518 9,557 46,075 13 Commltments Operotlng lease commftments Annual commltments under non-cancellable operatlng leases are as follows: 2023 land and bulldlngs 2023 2022 Land and bulldln8s 2022 Other Other Operatlng leases wlth explry date: Penslon commltments 2023 2022 The penslon cost charge to the charlty amounted to: 1,727 1,553 Page 9
St Andrew's Pre School Detslled Statement of Flnanclal Actlvities for the year ended 31 December 2023 Unrestricted funds Total funds Total funds 2023 2023 2022 Income and endowments from: Donatlons and legacles 105,875 105,875 105,875 105,875 103,427 103,427 Other tradln8 actlvltles 32,921 32,921 32,921 32,921 22,395 22,395 Investments Deposlt account Interest 314 314 314 314 297 297 Totsl Income and endowments 139,110 139,110 126,119 Expendlture on: Other expenditure Other resources expended 2,410 2,410 2,189 330 Interest payable 2,410 2,410 2,519 Employee costs Salarleslwages Employer's NIC Penslon costs Staff tralnlng 83,090 1,378 1,727 682 83,090 1,378 1,727 682 86,877 74.336 1,259 1,553 516 77,664 532 532 86,877 Trnvel and subslstence Premlses costs Rent Cleanlng Repairs and malntenance 21.841 21,841 21.660 22 115 21,956 115 21,956 367 22,049 General admlnlstratlve costs. Includln8 depreclatlon and amortisation Insurance Postage and statlonery Subscriptlons Sundry expenses Telephone, fax and broadband 55 4,056 2,894 55 4,056 2,894 86 3,413 2,313 667 667 7,677 7.677 6,452 Legal and professional costs Page 10
St Andrew's Pre Sthool Detalled Statement of Flnancial Actlvltles Accountancy and bookkeeping 1,620 1,620 1.620 1,620 1,105 1,105 Total of expendlture of other costs Total expendlture Net 8ains on investments 120,540 120,540 110,321 120.540 120.540 110,321 18,570 18.570 15.798 Net Income Net Income before other galnslllosses) Other Gains 18,570 18,570 15,798 Net movement In funds 18,570 18,570 15,798 Reconclllatlon of funds: Total funds brought forward 50,474 50,474 34,676 Totsl fund5 carrled forward 69,044 69,044 50,474 Page 11
St Andrew's Pre Sthool Independent Examiners Report Independent ExamIne5 Report to the trustees of St Andrews Pre Sthool I report to the trustees on my examination of the financial statements of St Andrew's Pre School for the year ended 31 December 2023. RespOlbilItieS and basls of report As the charitvs trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {he Act,). I report in respect of my examination of the charlty's financial statements carrled out under section 145 of the 2011 Att and in carying out my examlnation I have followed all the applicable Directions glven by the Charity Commission under sertion 14515){b) of the Act. Independent examlner's statement I have completed my examination. I can confirni that no mater6al matters have come to my attentlon In connettlon wlth the examination giving me cause to belEve that in any material respect: the accounting records were not kept In respect of the charlty as required by section 130 of the Act. or • the financial statements do not accord wlth those records. or • the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities {A¢counts and Reports) Re8ulatlon5 2008 other than any requlrement that the financial statements glve a rue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnation to which attentlon should be drawn In this report in order to enable a proper understanding of the financlal statements to be reached. Jebarson William ACCA Amity Accountants 4 Whitchurch Parade Whitchurth Lane Ed8ware HA8 6LR 25 October 2024 Page 2