Edueare Small Sehool Llmlt¢d Dlr¢¢tors' Report and Unaudltod FlninclAI Statements For Ihe year ended 31it July 2023 Company Reglstratlon Number 3183775 Charlty Reglstratlon Number IOS8897
Edueare Small School Llmited Legal and Admlnbtratfve thfonnatio RefereKe and Adml•istrative Detalls of the Chrity, Its TT•Stees and Advf5er$ Dlreetor$ xnd Trustees K Smith E Steinthal S Tinlon W Skinthal W Holmes [Appointed April 2023] J Waller [ resigned Sept 2022] A Athayde [Appoind Ckt 2022] Se¢retsry E Sieinihal Company Number 3183775 Charity Nunknr 1058897 Headmistre Mrs. E Stsinthal Reglstered Oflke 12 Cowleaze Road Kitigston upon Thames Surrey KT2 6DZ Business Address 2 Albany Pad( Road Kingston upon Thames Surrey KT2 5SW Reportlng At¢ount2nts David Howard I Park Road Hampion W Kingston upon Thames Surrey KTI 4AS Bankers National W¢slminste¥ Bank [* 5 MaTkd Place KInlOn upon Thames ney KTI IJX
Edu¢are Small School Llmlted Contents Page Trustccs. repon Ind¢p¢ndent cxamincrfs rcport Staiement of finan¢ial activities Balance shcct Notes to the finaiicial ststemen
Educare Small Sehool Limited Trustees, Report (Includlng Dlreetors, Report) For the year ended 31 July 2023 The Trusiecs aTe PlSed io prcscni th¢ir annual report and financial statements for ihe year cndcd 31 July 2023. The fmancial siatements comply wilh th¢ChIty'S Memorandum of AssocialiotL the Compani&s Aci 2INh5 and Accounting and Rep(*tiftgby Ch8ilies: Statement ofRe¢ommcndol Pradice applicable to charili(s preparing th¢ir accounts in accordance with ihe Financial Reporting Standird applicabk in the UK And Republic of Ireland (FRS 102). (effective l January 2019). Objecilves and Aetivities The objecl and principal aclivity of the charity is lo advance education by- a) The provision of a school for children betweeii the ages of 3 and I l iiielusive: b) The provision of adult cducation classes and c) The provision of facilities forthe da11yca.recrea11on and education ofchildren duringout•of-school hou and h0o1 holidays. d) The companyenjoys rcnt frcc occupationof the S¢101 premise$ which are owned by Mrs E &einthal. (a Director 2nd Trusiee of the school) and members of her family. The Tnjstees have hadregard to the Charity Conmntssion'sguidanceon Public Benefit andeonsider the school makes a valuable contribution io ihe local community both as lo the very low level of fees and subsidized services f(K b(rth children and adults. All of which are d¢51 10 m¢¢1 the wid¢r community benefit whilst meeting the obje¢iives established for thc charity. Atlevements PerfornCe The twenty sixth full aGad¢mi¢ year 2022-2023 started with 42 pupils. The slaff team wa5 madc up of 4 teaching slaff and 4 teacliing assistants, plus a musi¢ teacher and an Alcxander Techniquc Icacher. The year ended with 4 teaching staff and 3 teaching assistants. Elizabeth Steinthal remained as Head Teacher supported by four senior ieach¢rs. At the end of the academic year 2022- 2023 8 children made a successful transition to secondary s¢hooL 5 to local schools and 3 to independent schools outside of Kingston. Over the year the four senior teache[5 in the team nianaged more and more of the day to day business of the school with the support of Elizabeth Steinthal. This proved to be a successful aTrangement and it was agreed to develop Ihe team to lake over complele managemenl of Educare iti Ilic future. Thc tnisiees agrccd a long tcnn plan to add a part tirnc bursar to covcr th¢ financial &spects of management in the nexi financial year. The usual activities took place over ihe year- outside visits. celebrnlions, fundraising. etc. More attention was put on marketing the school as numbers had fallen to 32 at ihe end of July 2023 and althou8h prosp¢ctiv¢ parenls were visiiing we needed new pupils in the Kindergarten wliicli had very few pupils joining over thc wliole year. Tlic scliool websitc was reVnpcd and an Instagrdin page was created. Two n¢w additions to the board of tnle¢S also bTOU8ht bcnefkts and fresh ideas All of thesc activities left us in a satisfactory position to start ih¢ next school year. FinAneial Review The Surplusl (d¢ficAt) in the yearon the unre&rietd account this year was £13,405 - 2022 (£13.877) - fees were increased duringthis period. expenditure is carefully monitored each month. The school's cash flow Pa8e I
EthK#re Small School Llmhed Trustse$' Report (ImcludlAg D•rectors' Report) For the year ended 31 July 2023 remain$ sound. TheTTusiees aresatisfied th the ]101 shThd continue generate surpluses from nomial operatiotLS in the forÉ%eeabl¢ fuwre. In the2022f23 seh(x)I fmancial year. as SaMI fees ivere increased iii Sept 2023, along with son cost Inc$¢$1ht sctr#)ol is nowopL7atingat a small surplus. Bui wilh strong rcscrves and all Trustees are aware. Ihe focus in 202312024 is to increase pupil numbers and review all costs on a regular basis. In the 3-ny)nth periodkn octo2023 the operdting perfonnance shows a surplus of approx. £12k. With InconK avcraging £22.8k permo)Ih albcii nodirect schLN)i costs wcrc incuffcd in Aug. 2023. But some heavy expenditure exil¢lL OV thecoming moThlLS on generdl repairs io ihe building a break even Tcsult is fore¢asi at the end of the CU1 financittl year. Unrestrlcted Reserves Ai July 31. 2023 unrestri¢ied r¢scrves amountcd to £149.099 (2022 £135.694) It Is the intention of the Trust¢¢s to op¢raie the school so that it will gcncTalc a small sury>lus cach year which. built up ovcr lim¢, should be $u(fi¢iffii io meet any signifKartmainienaeCXFcnditures. Cash Flow is conlinuously reviewd io ensure that th¢tE always availabk funds lo cover WOTknngcapital needs. Currently the scJKK)I doesiiol need ¢0 have in ploce any overdrdft facilities due to its sound day day cash resources. Plans for Futttre Periods The continuing population w)wth in the Royal Borou of KIngst purs prsu on uriy YrS and primary education places and this appear5 ¢Ontinuc lo be the case for the next few years. Structure, Governance and MAn*gemtrt The charity is con&ifuteA as a charita)lecon4)w limited by guaraniee and is governed by a meniorajjdum and articles of associaiion. School nization The day lo day Opfdtionsare managed by th¢ Htsd teather. Mrs. E St¢inthal. Given thcsize of the school the Trustees meet three times a year with additional meclings as circumslances dictalc. Ai these meetings all aspe¢ts of the sclKJoI'sperfornMncearc discwsed in particular any decision5 reg21ngsUpl for paKnts in financilll difficulties arcma<k by the TnLSte&s. Parthts aThl Fricnds ofthe School dogiv¢ frLrly of their lime and this ts mosi appciated Since September 2010 Mts. E Steinthal has been a volunteer than ¥ salai?xJ employe£ Educare provides aficr school care and various eXtraU1¢y1ar activili¢s for both childreii and adults which arcopcfi lo the public. the P4Mlcmicand lockdown proccduTCS have prevenied much of ihese activilies. Risk Assessmcni The Trusl¢es hav¢ rn&le an anwal review of the principkTisk5 facing the sch] and have concluded thal all foreseeable risks are being haNlled aP)liatelY either byobtaining insuranc¢Ver for them or by ensurin that controls are in place which will mitigate their impa¢t Page I
Edu¢Are Small School Limh¢d Trustees, Roport (Includlng Dtrectors, Report) For the ye4r ended 31 July 2023 Diffctors and Trustees All the Direciors of the compaiiy are a150 Trustees OC the charity Trustees retire by n)talion and new appointments ow m8de by ordinary resolutions At generdl mcelings. The dircctors and Trnstees who servcd during the y¢ar are a5 Staled below. K Sn)ith E Sieinihal S Tinlon W Steinthal W Holmcs (Appointed April 2023) J Waller (Resigned Sepi 2022) A Athayde {Appointed Oct 2022) Staienienl of Trnsiees res oll5ibililies The Trnsiees, who arealso thed1ctOr50f Educa Small School Limited for the purposc of company law. are responsible for preparingthe Trustees Report and the finaiicial statements in accordance with applicable law and Uniied Kingdoni Accoun¢ingS¢andurds (United Kingdom Generally Accq)ted Accounting Prdciice). Company law require5 thedirectorslo prepare funcial slalements for each financial year which give a true and fairviewof the stateofthe a(faTf5 of th¢ companyand of the SUTplus or deficit of the company for thal year. In prcparing th¢s¢ ih¢ dir¢ctors arc rcquired to.. select 5uithbk accounling policies and apply them consistenily. - observe the methods and principles in the Charities SORP; - make Judgemen and esiimat¢s thal are reasonable and prudent. - state whether applicable UK Accounting Stsndards have be followed. subjccl io any maierial depanur¢s disclosed and explained in ihe financial sthi¢ments' prepare the finattcial ststements on the goiiig concern basis unless it is ijiappropriate lo presume that the company will ¢ontinue in business. The Tru$tees1direLTSar¢ responsJbl¢ for keepingproper accowjling recor(ts wl)ich dis¢lose with reasonable accurdcy al any lime thc financial position of the company and to ¢nabl¢ ihcm to cnsuTe that ihe financial statements comply with thc Companics Act 2006. Thcy arc also rc5ponsiblc for5afeguarding ih¢ assets of thc company aiid hence for thking reasonable s*ps for ihe prevenlion and detcclion of fraud and other iTttgularities. In the preparation of this report the directors hllve takett advantage ijf the exemptions applicable to small companies as conferred by Part 15 of the Companies Act 2006. The annual rel was appro%rdby the Truslees of th¢ charityon ..... .. .. . by: signed on its behalf Illlam Stefinthal Tru51ee Dat Murch 2024 Pa8e 3
Edueare Small School Llrnited Independent Examlner's report to the directors On the unaudited financlal statemen1$ of Educre Small School Llmlted I report on the fina181 staiements of Educare Small Sel01 Limited for ihe year ended 31 a July 2023 sei out onpagcs5to 11. Respeetlve responslbllldes of the dlrectors and examiner The Twslees (who are also the direLlors of the company for Ihe purF#)ses of conyany law) are responsible for the preparation of the acc(wnts. The chariry's Tntsteesconsid¢r that an audit is not r¢quirJ forthis year under Part16 of The Companies Act 2006, section 144(2) of the Charities Aci 2011 (the 2011 Act) and that an independent examination is ne¢d¢d. Having sa11sfd myself that the charity is not subject to audit under company law and is eligibl¢ foT indcpcndcnt cxamination. il is my rcsponsibility 10: examine the Jccounts under section 145 of the 201 l Act; 10 follow the procedures laid down in Ihe General DitionS given by ihe Chvitycommission under seciion 145(5){b) of ihe 201 l Act: and To state whcthcr particular marters have comc lo my attention. Independent eXatter,$ itstement Since the company's8ross income exceeded £250.000 your examiner musl a member of a body listed in seclion 145 of the 201 l Act. I confinn that l um qualified to undertake the examlnation because l am a membcr of Th¢ Inslitutc ofchon¢rl A¢xounlants in En8land and Walcs, whieh is one of the lislcd bodies. I have comple*d myexamination. l Confmn that no matters hav¢¢ome to my attenlion in connection with the examination giving me Cause io believe. { l ) accounting rccords wcrc nol kcpi in respect of the company as Tequircd by scction 386 of the 20(h5 Act. or (2) the accounts do not accord with those accounting records; or (3) Ihc aceounls do not e4)mply with Ihc aecounling requInnts of scclion 396 of Ihc 2006 Aci other than any requiremeni tha¢ ihe 8ccoun¢S give a '¢rueand fair. view which is nol a matiercon5id¢r¢d as part of an indcpcnd¢nt exAmin&iion' or (4) The accounts have not been prq)ared in a¢¢onlance with the methods und prin¢ipl¢s of the Stateineni of Rc¢ommcn(kd practicc for accountin8 and porting by charilics applicable to ¢harilics prcparing Ihcir accoun in accordance with ihe Financial Reporting Sthndard applicuble in the UK and Republi¢ of Ircland (FRS 102). I have no concerns und have come acr055 no other matters in connection with the ¢x&mination lo whi¢h attcnlion should bc drawn in Ihis rcport in ord¢r lo cnablc a proper undcrstanding of thc accounls io be Slobhin Glentster, ACA S The Squart Bag$hot Surrey GU19 SAX Dated: 27-03-2024 Page 4
Educare Small Selwol Limiled Staternent of Flninel81 Aclivilles (includlng Income & Expendlture Ae¢oun¢) For the year ended 31 July 2023 2023 2023 2023 2022 Notes Unrestricted ReStrted Total Funds Funds Funds Total Income: Donation Fund Raising Grntil income Invcskncnl InMe Sundry Income Income from charitsble activities Fcc incomc (Lcss Provisions) Afier school care Provision of prcmi¥es 8.359 8.359 12,OQO 1,524 5.293 li0 1524 62 2.100 273,211 2,751 30,000 273.211 2,751 30,000 249.520 360 30,000 Total Inconthig r¢sourcei 315,845 12,0(YJ 327.845 287,335 Expendlture: Expenditure on Chariiable A¢iivilies Teaching costs Aftcr-school carc Premises General opcrating expenses Governnnce costs Bad Debi Provision 218,135 12,000 230,135 229,782 420 52,701 7.337 10,972 67.812 7.303 9,190 67,812 7,303 9.190 Totsl Expendltur¢ 302,440 12,000 314.440 301,212 Net Ineon*l(expendlture) for the yeAr 13.405 13.405 (13,877) ReconelllAtloA of fund$ Total Funds bn)ughl forward at l Augusi 2022 135,694 135.694 149,571 Total Funds carrl¢d forward at at31 Juty 2023 149.099 149,099 135,694 The results lortheyear derive from thcrcview of ¢ontinuing aciivities and there arc no gains or losses other than those shown above, Pa3
Educar¢ Small Scknol Llnthed Balanee Sheet As xt 31st July 2023 2023 2022 Nos Fixed A55ets Hani 4c Equipmertl 2,657 5.108 Tot•1 nxtd Assets 2.657 5.108 Current Assets Dd)tors Cash at bank and in haThl 8296 192,193 12.114 160.835 200.489 172.949 Credltors: amounts falling due wlthln ye4r Net Current Assets1(LIll1(1ts) (54.047) (42.363) 146,442 130.586 Total A$ts iA$$ Current Llabilits 149.099 135,694 Catal and Reserves Restricted fun Unrestrictd fvnd 149.099 135,694 Funds 149.099 135.694 The dircclor5' Stalcmcnts required by the CompanicsAci 2Q)6are sh)wn on the following page which fom)s part of this Balance SheeL Page 6
Educar¢ Small School Limited B•lance Sheet (eonllnued) As at 31st Juty 2023 Director5. Statements requlred by the Companies Aet 2006 For the year ended 31st Julv 2023 In approving these financial slatemeiits as directors of the company we hereby confim): Th¢ company is enliiled ¢0 the exemption from the audit requir¢m¢nt contained in section 477 of Ih¢ Companiu Aet21X)6. fw the yearendal 31 July 2023. No member of the company has deposited a notice, pursuant to Seclion 476. requiring an audit of these finaiicial statements. Th¢ TTUSkcs a¢knowl¢dge Iheir T¢4SIbIlItIeS for¢nsuring thatthe chariry kccps accounting tt¢ords which comply wilh scction 386 of thc Act and for prcparing financial stai¢mcnls which give a true and fair view of thc state of affairs of the company as al the cnd of the financial year and of its incoming rcsources and application of re$w¢s, including its income and eXnditU for ihe financial year in ac¢ordance with the requirements of sections 394and 395 and which othenvise ¢omply with the requirements of the Conipanies Act 2006 reknting to financial statements. so far as applicable to the Company. These fmawial Sta1¢nts ha been prcpared in accordance with th¢ provisions applicable to Companies subject to the small companies r¢Me. The financial Sthle nts approved by ihe Board and signed on its behalf by SAeinthal Trustee Date 27 Mareh 2024 Company Registralion Number 3183775 Charlty Registration Number 1058897 PA7
Educare Small School Llmlted Notes to the Flnanclal Statements AS at 31$t July 2023 Aeeountlng Pollckg Charity Informatlon Educa Small School Limitcd is a privai¢comp•y limiied by guarantee incorporaled in England and Wales. Thc rcgislcrcd offi¢¢ is 12 Cowlcaz¢ Road, Kingston Upon Thamcs. Surrcy. KT2 6DZ. 1.1. Aceountlng convent The financial slaments have been ppared itt a¢cordan¢e with Ac¢ounting and Reporting by Charitie5- Sfaiement of Rccommeiided Practice applicable io charities pieparing their accounts in accordance wilh the Financial Reportins Standard applicable in the UK and R¢public of Irclund (FRS 102) (effective l January 2019) - {Charilics SORP (FRS 102). the Financial Reporting Slandard applicable in the UK and Republic of IrelaJ)d(FRS 102) aThl theComp¥nie5 Aci 2(K)6. The charity 15 a Public Benefit Entity as defined by FRS 102. Assets and liabilities are initially reco1zed al histori¢al cost or transaction value unless othenvise staled iii the ttl¢vaiit a¢¢ounting policy not¢($l. The Charily has takenadvantage of the provisio5 in th¢SORP forcharities applying FRS102 Update Bulletin I not lo prepaTe a Stsiemenl of Cash Flows. The financial staiem¢nts are PT¢paTed in sterlin& which 15 the funclional currency of the Charity. Monetsry amounts in theK financial statements are rounded to the ncarest £. Th¢ fmancial staiahcnts have been prcparcdundcr thc historical cost convcntiofy modified io include the revaluation of freehold properties and to iiiclude invesui)eiit properties and certain fiiiancial instrum¢n¢s at fair value. The principal accounting policies adopled are sel oul b¢low. Going coneern At thc timc of approvtng Ihc financial stalcmthts, Ihc TntcCS havc a r¢8sonabl¢ ¢xpectation that the charity has adequate resource5 to continue in operntional exisience for the foreseeablc future. Thus the Trusiees continue to adopt the going coneern basis of8CLY)unting in preparin8the finalla1 slalemenls. IJ. Ineome Incomc repr¢s¢nts the amouni receivabl¢ for th¢ provision of educaiional scrvices during the year. Income from donions is received byivay ofdonaiions, fundraisii)g and gifts and is included in full in the Statcmcnt of Financial Activiiics whcn rcccivable. Investment income ffpr¢sents iDt¢rest re¢eived from bank and building societies. 1.4. Pen$lon$ Teachers employed by Educare Small School Limil¢d may be member5 of the Teachers Pension Scheme. administered by the TeachcTS Pension A8ency. All other staff are includcd within th¢ workplace pension scheme. It provides ieachers with defined benefits upon their retirement. and Educare Sniall School Liinited coiitribules towards the costs by Jnaking Contributions based on a percentage of m¢mbeJs' pensionablesalari¢s. In 2022123 thc charity paid £9,113 (202112022 £15,878). Th¢ h¢m¢ is unfunded being adminisi¢red on a 'pay as you go, basis by the Exchequer. Although the scheme is unfunded, the TPA uses a notional fund As a basis for calculating the employcls contribution Tale paid by Educare Small School Limited. However. il is noi possible for the TPA lo idenlily tlic Charity's shar¢ of Uie und¢rlyiiig liabilitie8 in the scheme attributable lo their employees. Page8
Edueare Small S¢hool Limited Notes to the Fumnelal Ststsments As at 31$t July 2023 For the purpose of the Accounts. the scheme is therefo accounted for as a defined Contribution schcrnc. and ihc liabiliiics ar¢ noi in¢lud¢d within Educarc Small School Lirnil¢d balan¢¢s. 1.5. Deferred tsxatlon In vi¢w of the charitable mtus. the Company bas no liability for taxation. 1.6. Inc•mlng rOUrCeS Fces paid ar¢ r¢¢ognized in the financial stsiements in the ycar in which the relaied cours¢ will Lik¢ place. Donations arcreco8nized at ihe time ofreceiix. Donated facilities, that would norniolly have io be paid for. are reCOlled based on the value of their contribution kn the charity (see note 1.71. 1.7. Resources expended Resource5 expended are fecognized in the year in which they are incuTTed. Governance Costs ar¢th05e incurred in cOnne<t1( with athlinistralion of ihc charily and complionce with ¢onstityiional and statyiory Y¢quircm¢nts. 1.8. Donated (aellltles As stsied in the Truslees. Repor( the charity is provided with rent-free OC¢UP81ion of the school prcmiscs. Th¢ Trustccs. cslimatl value ofthis benefil. of£30.000 (202 2 - £30.0001, is bas¢d on thc rental vnlue as lldvised by c0mwcl propety conwltnnts with re8ard to similar propertie¥. This value is recO1Zed in the financial $tstements witbin incomin8 resources. and an equivakni charge i¥ includcd within prcmiscs costs. 1.9. Flxed Asiets Tangible fixedassels are inilially measur•J al e<6t and suiwuenily measured ai ¢ost or valuaiion, nei of dcprcciation and any impairnienl losscs. Op¢ratlng Surpl Op¢rdting surplus is slalcd aficr ¢harging'. 2023 2022 Reporting xcowlants fees 1,800 1,800 1.800 1,800 Employees . 2023 2022 Employment costs Social cUrity Other pension 157.723 10,648 9.113 167,448 10,427 15.878 177.484 193,753 The average nunthr of enwloyees thirin8 the year is No employecs arc paid in cxcess of £SO.000. Page 9
Ethare Smill School L4mited Notes to the Flnxn¢l•l Ststements As at 31st July 2023 Trustee5' emolunxAts No Trustecs r¢c¢ived rcmuncrntion or T¢imbuTs¢mcni for cxpcnscs. Penslon costs Contributions are madc to an approvcd pension provider (Teachers Pcnsions) undcr a defincd contribution scheme. and (Nest) to cover the scheme under Workplace Pensions. Flxed Assets Plant Ctsmpllter Total Asset Opening Balance 01108r2022 3.378 Additions in the period Depreciation Charged Net ass¢1 Value 31107n023 1.730 7.324 1.704 {6J71) {1.704) 74 {747} 983 Asset purchas¢d in ihe period relaS io plan( and cquipmcnt only. Debtors 2023 2022 Trade dcbt(Ys Bud Debt PtDViS¥)n PrcFoyin¢Thts 3.262 (1 SLKI) 6,534 4.423 7,691 8,296 12,114 Credltors: amounts falli dye within one year 2023 2022 Trade Creditors Payments relYj on acc(Mmi F¢¢ aTKI giSdlIjn Ikyosits PAYE.other laxes atKI SOLaal seLIYiry General fuJx1 raisingaa nursery grants Accruals anddefcrred Inc(¢ 3205 3,567 19,400 2.916 15.103 13.423 24,562 2.695 8.771 2.768 54,047 42.363 Pa 10
Educare Snwll Sehool Limited Notes to the Flnneial Statements A$ at 31st July 2023 Funds Unrestrieted Restricted Funds Funds Total At 1stAugl 2023 Income Expenditure At 31 si July 2023 135,694 315,845 12,000 (302,440) (12,000) 135.694 327,845 (314.440) 149,099 149,099 Unresirictcd funds are the baljiice of funds available for the gencral use of the ch8riry. Sufficient funds Are hel4 in an appropriatc forni to enable cach fund lo be applicd in aceordanee wilh any r¢striclions. Rc5tri¢Qd funds: Th¢ rcstri¢l¢d fund was in relaiion lo lh¢ 8rant in¢om¢ r¢cciv¢d from tho local authority for the provision ofcliildcarc nursery places in ihe school and the corresponding spending is on leaching costs. 10. Analysli of n¢t assets b¢tw¢on fund$ Unrestrkt¢d Re$trlci¢d Funds Funds Total Fixed Asse Dcbio Cish ut bunk ond in hand CunEnt liabililies 2,657 8296 192.193 (66.047) 2.657 8,296 192,193 (66,047> 137.099 137,099 Llmit¢d ll4blllty Thc company is limilcd by guaranlcc and docs noi havc a 5harc capithl. Each member underthkcs to ontributc up lo £ l in the event of th¢ company bein8 wound up towards payment ol. dcbls incurr¢d while he is a member. The requirellnts ofihe Charilies Acts do nol allow the distribution of J surplus on windin8 up lo tlie members. Any such surplus musl with the authority of ihc Charity Commissioners be paid either 10 another approi'ed regislered charity or to the Charity Commission. 12. Related Prty Tr•nsa¢tlong In accordance with the Charities SORP (FRS 102k there are no relaial party transacti(S which require disclosure. Pa8¢11