2023-03-31-accounts - Somercotes Stars Pre-School

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Trustees’ Annual Report for the period

From 1[st] April 2022 Period start date To 31[st] March 2023 Period end date

Charity name: Somercotes Stars Pre-school

Charity registration number: 1035651

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	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.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Provision of a facility to assist and enable development and education for preschool children for the village of North Somercotes and surrounding areas and to provide afterschool and holiday club facilities up to the age of 11.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The charities trustees have produced this document following the guidance set out in the SORP.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other

Achievements and Performance

SORP reference Providing childcare for a rural area and supporting families within the community to provide for their children’s needs. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other		N/A

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Financial situation remains stable
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves held to enable the charity some resilience against income and outgoing changes, including changing service user numbers and staff increase costs.
Amount of reserves held	Para 1.22	£10000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	Covid Crisis Loan
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Staff costs continue to rise with escalating minimum wage amounts. Service user numbers are due to drop due to lower numbers of children in the area we operate. Funding not increasing inline with operating cost increases.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Local Authority Early Years Entitlement Funding. Service user fees.
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	N/A
Other		N/A

Structure, Governance and Management

Description of charity’s trusts:		Voluntary leadership committee
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution adopted 21 October 1993 and amended on 10thApril 2018
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees volunteer and are vetted for suitability by Ofsted and DBS. Positions in the trustee committee are appointed by election.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	Safeguarding Staffing and Employment Confidentiality Aims and Objectives Fire and Evacuation policy
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	N/A
Relationship with any related parties	Para 1.51	N/A
Other		N/A

Reference and Administrative details

Charity name	Somercotes Stars Pre-school
Other name the charity uses	N/A
Registered charity number	1035651
Charity’s principal address	School Lane North Somercotes Louth Lincolnshire LN11 7QB

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Robert Weller
Louise Weller
Deborah Mills	Chair	17/02/2023
Adam Woadden		17/02/2023
Katie Woadden	Secretary	17/02/2023
Alan Morris		17/02/2023
TraceyPickard		17/02/2023
Eleanor Harman		17/02/2023
Lorna Plant	Treasurer	17/02/2023

– Corporate trustees names of the directors at the date the report was approved Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Louise Weller Full name(s) Robert Weller Position (eg Secretary, Trustee Trustee Chair, etc) Date 30/08/2024

Charity Name Somercotes Stars

No (if any) 1035651

Receipts and payments accounts

Period start date

Period end date 3/31/2023

For the period from

4/1/2022

CC16a

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

Section A Receipts and payments Unrestricted funds	Restricted funds	Endowment funds	Total funds	Last year
A1 Receipts Preschool Income 88,605 PettyCash 1,813 CommunityResolution Payment 7,557 Donations 510 - - - - 98,486 - Sub total - Total receipts 98,486 A3 Payments Wages 69,288 Rent 3,000 Utilities 792 Insurance 749 Sundries 6,453 Sundries cash 1,505 Unpaid HMRC debt 1,645 NurserySoftware 1,571 Pupil Premiumpayment 1,750 Sub total 86,753 Covid Crisis Loan 2,130 Trustee Loan 2,000 Sub total 4,130 Total payments 90,883 Net of receipts/(payments) 7,603 A5 Transfers between funds - A6 Cash funds last year end 17,070 Cash funds this year end 24,673 to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	to the nearest £	to the nearest £ 88,605 1,813 7,557 510 - - - - 98,486 - - - 98,486 69,288 3,000 792 749 6,453 1,505 1,645 1,571 1,750 86,753 2,130 2,000 4,130 90,883 7,603 - 17,070 24,673	to the nearest £
		- - - - - - - - -	88,605	-
			1,813	-
			7,557	-
			510	-
			-	-
			-	-
			-	-
			-	-
			98,486	-

		- - -	-
			-	-
			-	-

		-	98,486	-

		- - - - - - - - - -	69,288	-
			3,000	-
			792	-
			749	-
			6,453	-
			1,505	-
			1,645	-
			1,571	-
			1,750	-
			86,753	-

		- - -	2,130
			2,000
			4,130	-

		-	90,883	-

	-	- - - -	7,603	-
	-		-	-
	-		17,070	-
	-		24,673	-

Section B Statement of assets and liabilities at the end of the period

Details Charity Account Savings Account Petty Cash Details Details Details Details Covid Crisis Loan Total cash funds (agree balances with receipts and payments account(s))	to nearest £ - - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - 6,641 - - - - Restricted funds Restricted funds Amount due (optional)	to nearest £ Endowment funds
		-
		-
		-
		-
		OK
		to nearest £ Endowment funds
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)
Covid Crisis Loan	6,641
	-
	-
	-
	-

Signed by one or two trustees on behalf of all the trustees

Signature	Print Name Louise Weller Robert Weller	Date of approval
	Louise Weller	8/30/2024
	Robert Weller	8/30/2024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustee81 members of SO4 STflQS On accounts for the year ended zctZ2- zoL% Charity no (If any) ioa£a£ I Set out on pages I report to the trustees on my examination of the accounts of the above charily (-the Trust") for the year ended Re8pon8ibilities and AS the charity Irustae8 of the Trust, you are responsible for Ihe preparation basis of roport of the accounts in accordance with the requirements of the Charities Act 2011 {°the Acr) I report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ') in conneclion with the examination which gives me cause to believe that in, any material respect,. accounling records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's 8tstsmant I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do nol apply. Slgned: Date: It OLT 2CL+ Name- Relevant professional quallfi¢atlon{s) or body (if any)= Address: IER October 2018