REGISTERED CHARITY NUMBER: 1035526
TRUSTEES' REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
FOR
THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
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Page
Reference and Administrative Details 1
Trustees' Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 9
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2023
TRUSTEES Mrs C K Basra Mrs F Mussa PRINCIPAL ADDRESS St. Philips Church Hall Leicester Leicestershire LE2 1QN REGISTERED CHARITY NUMBER 1035526 INDEPENDENT EXAMINER Watergates Ltd 109 Coleman Road Leicester LE5 4LE
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has increased the number of kids enrolled at the nursery in both the mornings and afternoon sessions. We continue to employ dedicated teachers to help our kids thrive and hope to continue doing so.
Our main objectives and activities focus on the childcare, education and support services for kids in the local community and are undertaken to further our charitable purposes for the public benefit.
FINANCIAL REVIEW
Reserves policy
The charity aims to hold enough reserves to be able to cover support and administration costs without which the charity would not function.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on 30th January 2024 and signed on its behalf by:
Mrs C K Basra - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
Independent examiner's report to the trustees of The Pre School at St Philips Church Hall
I report to the charity trustees on my examination of the accounts of The Pre School at St Philips Church Hall (the Trust) for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters 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.
Nazir Malida FCCA
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
30th January 2024
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 |
31/3/23 31/3/22 Unrestricted Total fund funds £ £ 81,071 78,966 |
|---|---|
| EXPENDITURE ON Charitable activities Pre School |
83,005 86,878 |
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
(1,934) (7,912) 6,454 14,366 |
| TOTAL FUNDS CARRIED FORWARD | 4,520 6,454 |
The notes on page 0 form part of these financial statements
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
STATEMENT OF FINANCIAL POSITION 31ST MARCH 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand |
31/3/23 Unrestricted fund £ - - 21,057 |
31/3/22 Total funds £ 900 1,236 19,205 |
|---|---|---|
| CREDITORS Amounts falling due within one year 7 |
21,057 (16,537) |
20,441 (14,887) |
| NET CURRENT ASSETS | 4,520 | 5,554 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
4,520 | 6,454 |
| NET ASSETS | 4,520 | 6,454 |
| FUNDS 8 Unrestricted funds |
4,520 | 6,454 |
| TOTAL FUNDS | 4,520 | 6,454 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30th January 2024 and were signed on its behalf by:
Mrs C K Basra - Trustee
The notes on page 0 form part of these financial statements
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Nursery equipment and furniture
- 20% on cost
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
2. OTHER TRADING ACTIVITIES
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|---|---|---|
|31/3/23|31/3/22|
|£|£|
|Pre school fees|81,071|78,966|
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3. TRUSTEES' REMUNERATION AND BENEFITS
The Key Management personnel of the charity comprise of the trustees. Gross salaries, employer national insurance and employer pension contributions for this year were £41,135 (2022: £55,927).
No trustee was paid or received any other benefits from employment with the charity (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).
TRUSTEES' EXPENSES
No trustee was paid expenses relating to meetings and general operations of the Pre-School (2021: £nil)
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
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|---|---|---|
|31/3/23|31/3/22|
|Teachers|7|6|
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No employees received emoluments in excess of £60,000.
5. TANGIBLE FIXED ASSETS
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|||
|---|---|
|Nursery|
|equipment|
|and|
|furniture|
|£|
|COST|
|At 1st April 2022 and 31st March 2023|6,750|
|DEPRECIATION|
|At 1st April 2022|5,850|
|Charge for year|900|
|At 31st March 2023|6,750|
|NET BOOK VALUE|
|At 31st March 2023|-|
|At 31st March 2022|900|
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
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6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Other debtors - 742
Prepayments and accrued income - 494
-
1,236
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Taxation and social security 3,495 7,513
Other creditors 13,042 7,374
16,537 14,887
8. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 6,454 (1,934) 4,520
TOTAL FUNDS 6,454 (1,934) 4,520
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 81,071 (83,005) (1,934)
TOTAL FUNDS 81,071 (83,005) (1,934)
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THE PRE SCHOOL AT ST PHILIPS CHURCH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.21 £ Unrestricted funds General fund 14,366 |
Net movement in funds £ (7,912) |
At 31.3.22 £ 6,454 |
|---|---|---|
| TOTAL FUNDS 14,366 |
(7,912) | 6,454 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 78,966 |
Resources expended £ (86,878) |
Movement in funds £ (7,912) |
| TOTAL FUNDS 78,966 |
(86,878) | (7,912) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
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