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2024-03-31-accounts

Charity number 1076643

St Christopher's Pre-School

Unaudited Accounts

31 March 2024

St Christopher's Pre-School Contents

Page
Trustees' annual report 2-3
Independent examiner's report 4
Statement of Financial Activities 5-6
Statement of Financial Position 7
Notes to the accounts 8

St Christopher's Pre-School Information

Trustees

Laura Nicholson Takieyah James Michaela Holbrook Karen Blake Ailsa Keeble Kayley Sinclair Emma Taylor

Accountants

Cochrane & Co Accountants Limited 38 Kings Road Lee-on-the-Solent Hampshire PO13 9NU

Bankers

Lloyds TSB Plc Bitterne Branch Southampton

Address

St Christopher's Pre-School St. Christophers Church Thornhill Southampton Hampshire SO19 6PJ

1

St Christopher's Pre-School Trustee's annual report for the year ended 31 March 2024

The trustees present their report together with the financial statements of the charity for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's constituition, the Charities Act 2011 and the Charities SORP.

Governing document

The organisation is constituted with charitable principles governed by a Standard Pre-School Learning Alliance (PLA) constitution. In the event of the organisation being dissolved, the members have no liabilities. Any assets would be transferred to the PLA.

Manangement committee

Committee members are elected for a term of one year, and can be re-elected for a total term not to exceed ten consecutive years.

Membership

Membership is divided into two types, family and affiliate. Family membership covers parents and guardians of children attending the pre-school. Affiliate membership is open to individuals, organisations or other bodies interested in supporting the aims of the pre-school.

Objects and activities

The organisation's aims are to enhance the development and education, primarily under the statutory school age. The organisation promotes these aims through offering appropriate play, education and care facilities.

Public benefit

The main activities for public benefit undertaken during the year were the provision of child care sessions from Monday to Friday for 38 weeks of the year.

The trustees are responsible for the overall running of the pre-school and held regular meetings during the year. The trustees have had regard to the guidance on public benefit issued by the Charities Commission, when exercising any powers or duties to which the guidance may be relevant.

Reserves policy

The trustees have decided that reserves are required to; cover short term expenditure incurred whilst waiting for the next funding payment, provide security for the future of the pre-school, enable the preschool to meet statutory requirements for sick pay for it's staff and to meet redundancy costs in the event of the pre-school closing.

At 31 March 2024 unrestricted reserves totalled £66,726. and restricted reserves totalled £0, giving total reserves of £66,726.

2

St Christopher's Pre-School Trustee's annual report for the year ended 31 March 2024

Financial review and funding

The principal funding source continues to be the subsidy provided by Southampton City Council. These funds are topped up by the fees charged to parents and guardians, together with the other fund raising activities.

This year the organisation has continued to expand the education and care facilities to include specific staff training and equipment for special needs children.

The organisation continues to work towards raising money for capital equipment.

Statement of trustees responsibilities;

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales/Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

-select suitable accounting policies and then apply them consistently;

-observe the methods and principles in the Charities SORP 2015 (FRS 102);

-make judgements and estimates that are reasonable and prudent;

-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the management committee on

Signed on it's behalf by;

Miss L Nicholson Chair

2

St Christopher's Pre-School Registered charity number 1076643

Independent Examiner's Report to the Trustees of St Christopher's Pre-School on the accounts for the Year ended 31 March 2024

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2024, which are set out on pages 5 to 8.

Responsibilities and basis of report

As the charity's trustees 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 charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Joanne Cochrane, FCA

ICAEW

Cochrane & Co Accountants Limited, 38 Kings Road, Lee-on-the-Solent, Hampshire, PO13 9NU

4

St Christopher's Pre-School Statement of Financial Activities for the year ended 31 March 2024

Incoming resources
Grants
Fees
Fundraising
Bank interest
Other grants
Total Incoming resources
Resources expended
Fee earning activities
Wages and salaries
Employers pension
Staff training
Rent
Insurance
Recruitment
Milk
Clothing costs
Trips and events
Christmas
Equipment, including garden		 Unrestricted
funds
Restricted
funds
Total Funds
2024
£
£
£
113,403
113,403
4,256
4,256
-
-
161
161
2,605
2,605
120,425
-
120,425
78,905
78,905
811
811
267
267
12,535
12,535
-
-
525
525
1,129
1,129
78
78
1,287
1,287
141
141
3,002
3,002
98,680
0
98,680		 Total Funds
2023
£
97,334
3,729
95
29
3,260
104,447
79,141
903
-
11,976
1,280
-
-
-
-
-
913
94,213

5

St Christopher's Pre-School Statement of Financial Activities for the year ended 31 March 2024

Governance costs
Bookkeeping
Stationery, postage and photocopying
Accountancy
Telephone
Repairs and renewals-property
Subscriptions
EYPP
Depreciation
DBS
Cleaning
Other
Total resources expended
Net incoming resources
Reconciliation of funds;
Total funds brought forward
Total funds carried forward		 920
920
880
880
1,344
1,344
1,359
1,359
2,471
2,471
85
85
1,274
1,274
1,103
1,103
130
130
1,108
1,108
139
139
10,813
0
10,813
109,493
0
109,493
10,932
-
10,932
55,794
0
55,794
66,726
0
66,726		 -
624
700
1,160
2,076
-
-
-
5,600
10,160
104,373
74
55,720
55,794

6

St Christopher's Pre-School Statement of Financial Position as at 31 March 2024

Notes
Fixed assets
Equipment, machinery and motor vehicles
12
Current assets
Cash at bank
Prepayments
Current liabilities
Accruals
Net current assets
Net assets
Funds of charity
Unrestricted fund
Net unrestricted surplus for the year		 64,333
1,342
65,675
2,075		 2024
£
3,126
63,600
66,726
55,794
10,932
66,726		 52,288
-
52,288
723		 2023
£
4,229
51,565
55,794
55,720
74
55,794

These accounts were approved by the trustees on and signed on it's behalf by;

Miss L Nicholson Chair

7

St Christopher's Pre-School Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Basis of preparation of accounts

The accounts have been compiled on an accruals basis for the information of the preschool committee and it's members. As such, the preparation of these accounts is governed by the SORP (FRS 102) and with the Charities Act 2011.

The charity is unincorporated. The charity is a public benefit entity.

Incoming resources

All incoming resources are included in the Statement of Financial Activities, when the charity becomes entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular catagories of income:

Fee income is received from the local Education Authority and from parents and guardians. This is included in the accounts on a receivable basis.

Clothing, brochures and items for resale are included as income when they are sold.

Income from grants and subsidies are accounted for when received.

Outgoing resources

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT, which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the organisation delivering its services to the members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the organisation.

Fund accounting

Unrestricted funds are available for use at the discretion of the management committee in furtherance of the aims of the organisation.

Stocks

Stock represents the value of unsold clothing and brochures at the balance sheet date.

Depreciation

Depreciation has been provided at 25% reducing balance on play equipment and 33.3% reducing balance on office equipment.

8

St Christopher's Pre-School Notes to the Accounts for the year ended 31 March 2024

3 Management Committee

No members of the management committee received any remuneration during the year.

No committee member or other person related to the charity had any personal interest in any contract or transaction enetered into by the organisation during the year.

4 Accumulated Fund

All funds and assets are for the benefit of the pre-school members.

5 Employee numbers

There were 6 employees during the year.

6 Presentation currency

The accounts are presented in Sterling.

7 Independent examiners fees

During the year fees of £0 were paid to the Independent examiner.

8 Trustee remuneration

During the year no trustees were paid remuneration.

9 Trustees expenses

No expenses were paid to trustees in the year.

10 Employees

No individual employee was paid over £60,000.

11 Related party transactions.

There are no related party transactions.

9

St Christopher's Pre-School Notes to the Accounts

for the year ended 31 March 2024

12 Plant, machinery and motor vehicles

Net book value
At 1 April 2023
Depreciation
Charge for the year
Net book value
At 31 March 2024		 Plant and
machinery
£
4,229
1,103
3,126

10