St Marks Pre-School Committee Meeting - AGM - Minutes Tuesday 8th October 2024, 7:45pm
At: Green Dragons Room, St Marks Pre-School, Somerset Road, Salisbury, SP1 3BL or Teams Online Meeting Invite
1. Welcome and Apologies
Present:
Odelia Bar-on McDonald (Committee Treasurer) - In Person
Jo Klein (Committee Secretary) - In Person
Emily Woolford (Committee Health & Safety Rep) - Online
Maree Lumber (Committee Staff Rep & Communication Updates - Facebook) - In Person Rachel Schendel (Committee Pre-School Manager) - In Person
Dan Kieran (Committee General ) - In Person
Additional Staff/Parents:
Nikki Soddy (Parent) - In Person Rich Soddy (Parent) - In Person Isabel Elgy (Parent) - In Person Sharon Trim (Deputy Pre-School Manager) - In Person Debbie Hewitt (Pre-School Administrator) - In Person Gemma Doe (Practitioner) - In Person Sally Campbell (Practitioner) - In Person Fiona Klein (Practitioner) - In Person
Sophie Barker (Practitioner) - In Person
Apologies:
Beth George (Committee Chair) Tracy Rushing (Committee Fundraising)
2. Minutes from Last Meeting and Matters Arising
Minutes were shared post the committee meeting on the 24th September 2024. No questions have been raised or changes requested
See excel tracker for status of actions in school year 2023/2024 & 2024/2025
3. Chair’s Report
Dan shared the Chair’s report:
Having been on the committee for a year now, and being able to get to know the other committee members and some of the staff and the Pre-School generally, I’m happy to take over from Beth as Chair.
I met with Rachel a few weeks ago, and we discussed how we might adapt the committee’s role going forward. We agreed that rather than having a wide range of small projects over the year, it would be helpful to focus on three or four objectives with Rachel. The initial one we agreed on would be to introduce the Active Outdoor Learners Initiative to the Pre-School. This will require some investment, but we are hoping the sponsored walk will raise sufficient funds to cover it.
I have also suggested that we split the committee’s work into two. Members will be members (with the relevant DBS checks etc) but while one half will focus on daily operations and governance, the other half will focus on fundraising. This should reduce the workload on the Operational committee members and harness the enthusiasm and ideas of a wider range of parents. I’m happy to say we have had expressions of interest in joining the committee from six + parents, some of whom have already begun the DBS check process. This should also free me up as Chair to concentrate on seeking grants to support the Pre-School so we can fund extra resources and training.
I understand that Odelia and Maree are stepping down this evening from their roles as Treasurer and Staff Rep respectively and will be handing over to Rich and Nikki Soddy respectively. Odelia and Maree have made a huge impact on the Pre-School and will be sorely missed. However, thanks to their hard work the Pre-School is in a strong place going forward and we, as a committee, look forward to continuing their excellent work. Odelia and Maree will now organise handover processes with Rich and Nikki to ensure things continue to run smoothly and have offered to remain available for questions as they arise.
I wanted to end by highlighting the following feedback I was sent by a parent about how their child has settled into the Pre-School. It shows just how dedicated and gifted the staff and management at the Pre-School are. We are lucky to have them all working so hard to give our children the best possible start.
‘I just wanted to say how impressed we have been with St Marks. xx has thoroughly enjoyed his first few weeks and has settled in really well. It is clear that there is great leadership at work here. Communication has been excellent, the settling in sessions were brilliant and all the staff have been so friendly and helpful.’
4. Pre-School Manager Report
Rachel’s shared the Pre-School Manager’s report:
1
Parental involvemen t: Parents have again helped to shape the focus for developments for the coming year with the annual questionnaire helping to form our action plan for quality improvement. Parents and relatives have given the Pre-School much help with DIY and gardening jobs throughout the year, including renovating the ‘den’ in the front garden.
Increase in registered number of children : As of September 2023, the Pre-School has been registered to take up to 47 children daily. The Green Dragons team worked effectively as a team with up to 31 children in, working flexibility across both indoor and outdoor spaces, with a ratio of just under 1:8. The Blue Dragons team continues to work with 16 children on a 1:4 ratio, slightly under the 1:5 ratio that can be implemented, with a lower ratio allowing for better quality provision.
Resourcing : Parents have been generous in gifting toys and books which have helped to refresh and maintain resources, including replacing the logs in the ‘story circle’ in the front garden. The financial contribution has enabled the Pre-School to continue to provide a range of interesting resources and activities including hatching ducklings, watching caterpillars transform into butterflies, refreshing the bug-hunting resources as well as contributing to a gardener, helping to keep the wildness in check.
The Pre-School team initiated the building site zone and using money from the fundraising pot, purchased large scale ‘tonka’ toys and gravel as well as more storage units to enable resources to be accessed at different points across the playground.
The outside coming in : We have continued to focus on broadening children’s experiences whilst at Pre-School by inviting ‘people who help us’ in to talk to the children. This has included visits from the fire and police service, veterinary nurses and Royal Navy pilots. Parents have come in to read stories in their first language and help with activities such as woodwork, cooking or visits off site.
Training : We have continued to upskill the practitioner team by investing in face to face and online training that is individually or group focused. Seven practitioners are just in the process of updating their PFA (Paediatric First Aid), two of these practitioners completing ‘First Aid for Adults at Work’. The Pre-School SENCo successfully completed a level 3 SEN qualification, and another practitioner is currently working to complete their NVQ2 in Early Years and Childcare.
Plans for the coming year include:
-
Continuing to develop our outdoor spaces and set up Active Outdoor Learners Initiative
-
Raising the profile of home learning through links and suggestions on Tapestry and with the reintroduction of story and activity bags.
-
Accessing funding to upgrade ICT resources that form a vital part of sharing information with parents and monitoring each child’s progress and development
-
Maintaining and improving the building interior, garden and playground.
I would like to take this opportunity to thank the practitioner team for their ongoing hard work and commitment to maintaining and developing the quality of the provision at St Marks Pre-School.
Additionally the committee for their support, enthusiasm and time which makes such a difference to life for everyone at St Marks Pre-School.
2
5. Staffing Rep Report
Maree shared the Staffing Rep report:
The Practitioner Team
This past year has seen a few changes within the practitioner team. We sadly lost:
Faye, who had been room leader and worked within the Pre-School for a number of years. She has decided to change career paths.
Chloe, also felt it was the right time to move on to pastures new at the end of the academic year.
Emma, who had been on maternity leave, decided that she would not return after her leave, as wanted to spend more time with her young family.
We wish them all the best for the future.
Changes for Blue and Green Dragons in 2024-2025
With the changes in the setting, it has created an exciting opportunity for some internal progressions across the team, utilising the valuable experience already within the setting.
Room leader for Blue Dragons – Sophie: Congratulations to Sophie who was appointed Room Lead for Blue Dragons from September 2024. Sophie has a passion for the Pre-School and would love to bring more ideas into the Pre-School with the help and support from all her colleagues and the committee. Sophie has already successfully settled well into the role and the committee wishes her all the success.
Blue Dragons Staff members: Gemma, Fiona, Sandra, Laurie,
Room leader for Green Dragons – Sharon: Sharon continues to lead a great team of practitioners to provide the best learning experiences for children at Pre-School. Her dedication is paramount, and Pre-School wouldn’t be the same without her.
Green Dragons Staff members: Ito, Sally, Megan, Sarah, Lauren, Angela.
Additionally, staff who work in both rooms: Kate, Lorna.
The Past Year
Last year we changed the structure of the Green Dragons room by increasing the intake.
The committee wanted to take this opportunity to both thank the staff for their hard work and dedication to making changes where needed.
3
To accommodate the different numbers in the room, make it a great environment for the children throughout the whole academic year, as well as congratulate them for making it what it is today.
It was not only the Green Dragons team, but all staff from both rooms and not forgetting Rachel and Debbie.
Everyone worked together and offered the staff the support they needed to accommodate all the changes within the setting that the Committee agreed to make in 2022/2023.
Rachel goes above and beyond her manager role to help support and takes on numerous additional responsibilities to help the committee out which we personally thank her for.
6. Health and Safety Rep Report
Emily shared the Health & Safety Report:
-
Legionella Review completed on 4th September 2024
-
Fire and Intruder Alarm check completed on 3rd September 2024
-
Gate between WP and Pre-School needs renovating. Committee has approved a quote from a tradesman. Rachel is now arranging a date for this work to be completed
-
The Outside classroom issue with rainwater still needs addressing. We discussed reaching out to parents to see if anyone had experience and could provide ideas for solving this problem.
-
Grass around the boat needs to be fully removed. It is a priority for the next grounds day.
-
Fire safety audit to be completed ASAP
7. Treasurer Report
Odelia shared the Treasurer Report:
The Treasurer’s focus this year has been to update the school’s financial records bringing them back into line and having more oversight and transparency across all financial elements of the Pre-School.
We have completed the Charity Commission submissions and they are now up to date, after being overdue for over 2 years.
We have been working closely with Key Accounting to provide a clearer picture of our income and expenses. The invoices are reviewed monthly now, and spot checking is done by us to make sure the costs are allocated correctly. This has reduced the ‘unallocated cost’ and aged debtors significantly.
We are now able to produce a profit and loss report on demand using SAGE.
We have implemented cost saving measures and supplies planning. We have consolidated our Internet and phone provider to one provider. We have requested to pay Direct Debit where we can to help reduce admin time, and have monthly payments where possible, rather than yearly invoices to help spread the costs.
In April 2024 the National Living Wage was raised again. All staff members have received a pay increase. The council funding contributions remain significantly lower than the monthly fees we actually charged, and the Pre-
School must cover the shortfall. To compensate for the additional salaries costs and rising operational costs the committee has made the decision to increase the Pre-School fees to try and help with the shortfall.
Sadly, we were unable to change our bank account to CO-OP this year, and this remains a target for 2024/2025.
As present, this financial year is showing we ended the year with a potential minimal loss which has reduced compared to the previous year. However the accountants have some entries still to post, so this number may change.
There remains more to achieve, and we need to remain vigilant, be cost conscious and not slip back into old habits.
8. Date of Next Meetings - Schedule dates for 2024 & 2025
-
Tuesday 12th November 2024
-
Tuesday 7th January 2025
-
Tuesday 25th February 2025
-
Tuesday 22nd April 2025
-
Tuesday 3rd June 2025
-
Tuesday 22nd July 2025
-
Tuesday 9th September 2025
-
○ Tuesday 7th October 2025 (AGM)
5
Registered Charity Number : 1047426
ST MARKS PRE SCHOOL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024
Page 1 of 12
ST MARKS PRE SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 August 2024
Trustees Richard Soddy Charity Number 1047426 Registered Office Somerset Rd Salisbury SP1 3BL Independent Examiner David Netton Key Accounting Services, Hilltop Business Park Devizes Road Salisbury SP1 4FU
Page 2 of 12
ST MARKS PRE SCHOOL
CONTENTS
FOR THE YEAR ENDED 31 August 2024
Trustees' Report
Independent Examiner's Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
Page 3 of 12
ST MARKS PRE SCHOOL
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 August 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024 .
This report was approved by the trustee and signed on its behalf by: ---------------------------------------------------Kchard Secdlaty Richard Soddy Trustee
Date : 14 May 2025
Page 4 of 12
ST MARKS PRE SCHOOL
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 August 2024
I have examined the receipts, payments and statements provided with the books and vouchers relating thereto, and have obtained all the information and explanations required. In my opinion the receipts and payments and statements present a true and fair view of the St Marks Pre-school Fund's activities for the year ended 31 August 2024.
Name: David Netton Key Accounting Services Date: 14 May 2025
Page 5 of 12
ST MARKS PRE SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 August 2024
| OR THE YEAR ENDED 31 August 2024 | ||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Total Income and endowments from: Donations and legacies 2 2,511.93 Charitable activities 3 288,852.88 Other trading activities 4 49.06 Total 291,413.87 Expenditure on: Raising funds 5 331.35 Charitable activities 6 278,523.47 Other 8 4,822.50 Total 283,677.32 Net income/(expenditure) 7,736.55 Net movement in funds 7,736.55 Reconciliation of funds: Total funds brought forward 35,172.73 Total funds carried forward 42,909.28 |
Funds 2024 £ Total 2,511.93 288,852.88 49.06 291,413.87 331.35 278,523.47 4,822.50 283,677.32 7,736.55 7,736.55 35,172.73 42,909.28 |
Funds 2023 £ - - - |
| - | ||
| - - - |
||
| - | ||
| - - - |
||
| - |
Page 6 of 12
ST MARKS PRE SCHOOL
BALANCE SHEET
FOR THE YEAR ENDED 31 August 2024
| Recommended categories by activity |
Notes | Unrestricted funds £ |
Total Funds 2024 £ |
Total Funds 2023 £ |
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 9 | 19,290.00 | 19,290.00 | - |
| Total fixed assets | 19,290.00 | 19,290.00 | - | |
| Current assets | ||||
| Debtors | 10 | 785.07 | 785.07 | - |
| Cash at bank and in hand | 11 | 27,086.96 | 27,086.96 | - |
| Total current assets | 27,872.03 | 27,872.03 | - | |
| Creditors: amounts falling due within one year |
12 | 4,252.75 | 4,252.75 | - |
| Net current assets/(liabilities) |
23,619.28 | 23,619.28 | - | |
| Total net assets or liabilities |
42,909.28 | 42,909.28 | - | |
| Funds of the Charity | ||||
| Unrestricted funds | 13 | 42,909.28 | 42,909.28 | 35,172.73 |
| Restricted income funds | 13 | - | - | |
| Endowment funds | 13 | - | - | |
| Total funds | 42,909.28 | 42,909.28 | 35,172.73 |
The financial statements were approved by the trustees on 14 May 2025 and signed on its behalf by:
Richard Soddy Treasurer Date : 14 May 2025
Page 7 of 12
ST MARKS PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Change of accounting policy
I have examined the receipts, payments and statementsprovided with the books and vouchers relating thereto, and have obtained all theinformation and explanations required. In my opinion the receipts and paymentsand statements present a true and fair view of the St Marks Pre-school Fund'sactivities for the year ended 31 August 2024.
2. Income from Donations and Legacies
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Donations | 359.80 | 359.80 | - |
| Fund Raising Income | 2,164.13 | 2,164.13 | - |
| Voluntary Contribution Children | (12.00) | (12.00) | - |
| 2,511.93 | 2,511.93 | - |
3. Income from Charitable Activities
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Event Income | 129.00 | 129.00 | - |
| Fee Income Parents | 47,779.87 | 47,779.87 | - |
| Fee Income WCC | 237,016.82 | 237,016.82 | - |
| Parent Deposit | 692.80 | 692.80 | - |
| Photograph Commission | 143.00 | 143.00 | - |
| Sweat Shirt and T-Shirt Sales | 148.00 | 148.00 | - |
| Unallocated Sales | 2,943.39 | 2,943.39 | - |
| 288,852.88 | 288,852.88 | - |
Page 8 of 12
4. Income from Other Trading Activities
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Bank Interest Received | 49.06 | 49.06 | - |
| 49.06 | 49.06 | - | |
| 5. Expenditure on Raising | Funds | ||
| Analysis | Total funds 2024 | Total funds 2023 | |
| £ | £ | ||
| Fundraising Items for Resale | 323.36 | - | |
| Fund Raising Costs | 7.99 | - | |
| 331.35 | - | ||
| 6. Expenditure on Charitable Activities | |||
| Total funds 2024 | Total funds 2023 | ||
| Analysis | £ | £ | |
| Leavers Books | 45.00 | - | |
| Bags for Resale | 486.00 | - | |
| Books, Toys and Equipment | 3,311.73 | - | |
| Snack Food | 2,282.90 | - | |
| Support Costs | 272,397.84 | - | |
| 278,523.47 | - |
5. Expenditure on Raising Funds
6. Expenditure on Charitable Activities
Page 9 of 12
7. Support Costs
| Analysis Total Governance Costs Gross Wages Employer Pension Contributions Employers NI Rent Consultancy Fees Waste Collection Business Rates Electricity, Gas & Water Printing General Admin Costs Telephone including Internet Licences Computer Expenses Consumables Website Costs Uniform Costs Office Supplies Legal Fees Accountancy & Payroll Outside Play Equipment Premises Expenses Bank Charges Subscriptions & Publications Inspection Fees Training Costs PSLA Insurance & Membership Fees Gifts Photographic Charge HIGGI Expenditure |
funds 2024 Total £ 232,211.84 2,982.25 4,950.58 4,932.09 288.00 103.73 1,417.56 3,363.42 731.82 5,249.89 1,204.09 130.82 247.29 1,695.65 252.00 20.10 657.59 35.00 6,534.38 209.58 567.63 120.00 175.78 220.00 594.00 2,169.75 73.50 1,137.50 122.00 272,397.84 |
funds 2023 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|---|---|---|
| - |
8. Other Expenditure
| Analysis Unrestricted funds Total funds 2024 Total £ £ Depreciation 4,822.50 4,822.50 4,822.50 4,822.50 9. Tangible Fixed Assets Play Equipment Office Equipment Furniture £ £ 9.1 Cost or valuation At 01 September 2023 21,145.20 1,294.11 Additions - 52.54 Disposals - - Revaluations - - Transfers - - At 31 August 2024 21,145.20 1,346.65 |
funds 2023 £ - - and Fixtures £ 1,296.66 323.99 - - - 1,620.65 |
funds 2023 £ - - and Fixtures £ 1,296.66 323.99 - - - 1,620.65 |
|---|---|---|
| 1,620.65 |
9. Tangible Fixed Assets
9.2 Depreciation and impairments
Page 10 of 12
| At 01 September 2023 Charge for the year Disposals Revaluations Transfers At 31 August 2024 9.3 Net book value At 01 September 2023 At 31 August 2024 |
- 4,229.04 - - - 4,229.04 21,145.20 16,916.16 |
- 269.33 - - - 269.33 1,294.11 1,077.32 |
- 324.13 - - - |
|---|---|---|---|
| 324.13 | |||
| 1,296.66 | |||
| 1,296.52 |
10. Debtors: Amounts falling due within one year
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| Debtors Control Account | 785.07 | - |
| 785.07 | - |
11. Cash at bank and in hand
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| CAF Bank Daily Account | 23,138.62 | - |
| CAF Bank Fundraising | 3,948.34 | - |
| 27,086.96 | - |
12. Creditors: Amounts falling due within one year
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| Creditors Control Account | 3,198.98 | - |
| PAYE | 364.72 | - |
| Pension Payable | 531.79 | - |
| Net Wages | 157.26 | - |
| 4,252.75 | - |
13. Charity funds
13.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds Surplus/Deficit of Funds Surplus/Deficit of Funds Total |
Fund balances brought forward £ - 35,172.73 - 35,172.73 70,345.46 |
Income Expenditure £ £ 291,368.87 283,632.32 - - 291,368.87 283,632.32 - - 582,737.74 567,264.64 |
Transfers £ - - - - - |
Gains and losses £ - - - - - |
Fund balances carried forward £ 7,736.55 35,172.73 7,736.55 |
|---|---|---|---|---|---|
| 35,172.73 | |||||
| 85,818.56 |
13.2 Transfers between funds
This Year
Page 11 of 12
| Amount | |
|---|---|
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
Page 12 of 12
Registered Charity Number : 1047426
ST MARKS PRE SCHOOL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024
Page 1 of 12
ST MARKS PRE SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 August 2024
Trustees Richard Soddy Charity Number 1047426 Registered Office Somerset Rd Salisbury SP1 3BL Independent Examiner David Netton Key Accounting Services, Hilltop Business Park Devizes Road Salisbury SP1 4FU
Page 2 of 12
ST MARKS PRE SCHOOL
CONTENTS
FOR THE YEAR ENDED 31 August 2024
Trustees' Report
Independent Examiner's Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
Page 3 of 12
ST MARKS PRE SCHOOL
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 August 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024 .
This report was approved by the trustee and signed on its behalf by: ---------------------------------------------------Kchard Secdlaty Richard Soddy Trustee
Date : 14 May 2025
Page 4 of 12
ST MARKS PRE SCHOOL
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 August 2024
I have examined the receipts, payments and statements provided with the books and vouchers relating thereto, and have obtained all the information and explanations required. In my opinion the receipts and payments and statements present a true and fair view of the St Marks Pre-school Fund's activities for the year ended 31 August 2024.
Name: David Netton Key Accounting Services Date: 14 May 2025
Page 5 of 12
ST MARKS PRE SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 August 2024
| OR THE YEAR ENDED 31 August 2024 | ||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Total Income and endowments from: Donations and legacies 2 2,511.93 Charitable activities 3 288,852.88 Other trading activities 4 49.06 Total 291,413.87 Expenditure on: Raising funds 5 331.35 Charitable activities 6 278,523.47 Other 8 4,822.50 Total 283,677.32 Net income/(expenditure) 7,736.55 Net movement in funds 7,736.55 Reconciliation of funds: Total funds brought forward 35,172.73 Total funds carried forward 42,909.28 |
Funds 2024 £ Total 2,511.93 288,852.88 49.06 291,413.87 331.35 278,523.47 4,822.50 283,677.32 7,736.55 7,736.55 35,172.73 42,909.28 |
Funds 2023 £ - - - |
| - | ||
| - - - |
||
| - | ||
| - - - |
||
| - |
Page 6 of 12
ST MARKS PRE SCHOOL
BALANCE SHEET
FOR THE YEAR ENDED 31 August 2024
| Recommended categories by activity |
Notes | Unrestricted funds £ |
Total Funds 2024 £ |
Total Funds 2023 £ |
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 9 | 19,290.00 | 19,290.00 | - |
| Total fixed assets | 19,290.00 | 19,290.00 | - | |
| Current assets | ||||
| Debtors | 10 | 785.07 | 785.07 | - |
| Cash at bank and in hand | 11 | 27,086.96 | 27,086.96 | - |
| Total current assets | 27,872.03 | 27,872.03 | - | |
| Creditors: amounts falling due within one year |
12 | 4,252.75 | 4,252.75 | - |
| Net current assets/(liabilities) |
23,619.28 | 23,619.28 | - | |
| Total net assets or liabilities |
42,909.28 | 42,909.28 | - | |
| Funds of the Charity | ||||
| Unrestricted funds | 13 | 42,909.28 | 42,909.28 | 35,172.73 |
| Restricted income funds | 13 | - | - | |
| Endowment funds | 13 | - | - | |
| Total funds | 42,909.28 | 42,909.28 | 35,172.73 |
The financial statements were approved by the trustees on 14 May 2025 and signed on its behalf by:
Richard Soddy Treasurer Date : 14 May 2025
Page 7 of 12
ST MARKS PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Change of accounting policy
I have examined the receipts, payments and statementsprovided with the books and vouchers relating thereto, and have obtained all theinformation and explanations required. In my opinion the receipts and paymentsand statements present a true and fair view of the St Marks Pre-school Fund'sactivities for the year ended 31 August 2024.
2. Income from Donations and Legacies
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Donations | 359.80 | 359.80 | - |
| Fund Raising Income | 2,164.13 | 2,164.13 | - |
| Voluntary Contribution Children | (12.00) | (12.00) | - |
| 2,511.93 | 2,511.93 | - |
3. Income from Charitable Activities
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Event Income | 129.00 | 129.00 | - |
| Fee Income Parents | 47,779.87 | 47,779.87 | - |
| Fee Income WCC | 237,016.82 | 237,016.82 | - |
| Parent Deposit | 692.80 | 692.80 | - |
| Photograph Commission | 143.00 | 143.00 | - |
| Sweat Shirt and T-Shirt Sales | 148.00 | 148.00 | - |
| Unallocated Sales | 2,943.39 | 2,943.39 | - |
| 288,852.88 | 288,852.88 | - |
Page 8 of 12
4. Income from Other Trading Activities
| Analysis | Unrestricted funds | Total funds 2024 | Total funds 2023 |
|---|---|---|---|
| £ | £ | £ | |
| Bank Interest Received | 49.06 | 49.06 | - |
| 49.06 | 49.06 | - | |
| 5. Expenditure on Raising | Funds | ||
| Analysis | Total funds 2024 | Total funds 2023 | |
| £ | £ | ||
| Fundraising Items for Resale | 323.36 | - | |
| Fund Raising Costs | 7.99 | - | |
| 331.35 | - | ||
| 6. Expenditure on Charitable Activities | |||
| Total funds 2024 | Total funds 2023 | ||
| Analysis | £ | £ | |
| Leavers Books | 45.00 | - | |
| Bags for Resale | 486.00 | - | |
| Books, Toys and Equipment | 3,311.73 | - | |
| Snack Food | 2,282.90 | - | |
| Support Costs | 272,397.84 | - | |
| 278,523.47 | - |
5. Expenditure on Raising Funds
6. Expenditure on Charitable Activities
Page 9 of 12
7. Support Costs
| Analysis Total Governance Costs Gross Wages Employer Pension Contributions Employers NI Rent Consultancy Fees Waste Collection Business Rates Electricity, Gas & Water Printing General Admin Costs Telephone including Internet Licences Computer Expenses Consumables Website Costs Uniform Costs Office Supplies Legal Fees Accountancy & Payroll Outside Play Equipment Premises Expenses Bank Charges Subscriptions & Publications Inspection Fees Training Costs PSLA Insurance & Membership Fees Gifts Photographic Charge HIGGI Expenditure |
funds 2024 Total £ 232,211.84 2,982.25 4,950.58 4,932.09 288.00 103.73 1,417.56 3,363.42 731.82 5,249.89 1,204.09 130.82 247.29 1,695.65 252.00 20.10 657.59 35.00 6,534.38 209.58 567.63 120.00 175.78 220.00 594.00 2,169.75 73.50 1,137.50 122.00 272,397.84 |
funds 2023 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|---|---|---|
| - |
8. Other Expenditure
| Analysis Unrestricted funds Total funds 2024 Total £ £ Depreciation 4,822.50 4,822.50 4,822.50 4,822.50 9. Tangible Fixed Assets Play Equipment Office Equipment Furniture £ £ 9.1 Cost or valuation At 01 September 2023 21,145.20 1,294.11 Additions - 52.54 Disposals - - Revaluations - - Transfers - - At 31 August 2024 21,145.20 1,346.65 |
funds 2023 £ - - and Fixtures £ 1,296.66 323.99 - - - 1,620.65 |
funds 2023 £ - - and Fixtures £ 1,296.66 323.99 - - - 1,620.65 |
|---|---|---|
| 1,620.65 |
9. Tangible Fixed Assets
9.2 Depreciation and impairments
Page 10 of 12
| At 01 September 2023 Charge for the year Disposals Revaluations Transfers At 31 August 2024 9.3 Net book value At 01 September 2023 At 31 August 2024 |
- 4,229.04 - - - 4,229.04 21,145.20 16,916.16 |
- 269.33 - - - 269.33 1,294.11 1,077.32 |
- 324.13 - - - |
|---|---|---|---|
| 324.13 | |||
| 1,296.66 | |||
| 1,296.52 |
10. Debtors: Amounts falling due within one year
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| Debtors Control Account | 785.07 | - |
| 785.07 | - |
11. Cash at bank and in hand
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| CAF Bank Daily Account | 23,138.62 | - |
| CAF Bank Fundraising | 3,948.34 | - |
| 27,086.96 | - |
12. Creditors: Amounts falling due within one year
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| Creditors Control Account | 3,198.98 | - |
| PAYE | 364.72 | - |
| Pension Payable | 531.79 | - |
| Net Wages | 157.26 | - |
| 4,252.75 | - |
13. Charity funds
13.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds Surplus/Deficit of Funds Surplus/Deficit of Funds Total |
Fund balances brought forward £ - 35,172.73 - 35,172.73 70,345.46 |
Income Expenditure £ £ 291,368.87 283,632.32 - - 291,368.87 283,632.32 - - 582,737.74 567,264.64 |
Transfers £ - - - - - |
Gains and losses £ - - - - - |
Fund balances carried forward £ 7,736.55 35,172.73 7,736.55 |
|---|---|---|---|---|---|
| 35,172.73 | |||||
| 85,818.56 |
13.2 Transfers between funds
This Year
Page 11 of 12
| Amount | |
|---|---|
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
Page 12 of 12