ST MARY'S NURSERY GROUP (ALBRIGHTON) Registered Charity 1088584
REPORT AND ACCOUNTS year ended 31ST DECEMBER 2023
ST MARY’S NURSERY GROUP (ALBRIGHTON)
ANNUAL REPORT FOR THE YEAR TO 31ST DECEMBER 2023
Organisation
St Mary’s Nursery Group (Albrighton) is governed in accordance with the Pre-School Learning Alliance Pre-School Constitution (2011), adopted on 17th November 2015 and is a registered charity (Number 1088584). The charity's address is: The Bungalow, St Mary's C E Primary School, Shaw Lane, Albrighton, Wolverhampton WV7 3DS.
The Charity Trustees appointed by the Annual General Meeting held on 11th July 2023 were Faye Willies (Chair), Diana Gibbs (Treasurer and Nominated Person), Lauren Littleton (Secretary), Karen Pearson, Nicola Summers, Emma Watkins and Matthew Willies. Matthew Willies resigned on 27th July 2023 and Karen Pearson on 15th December 2023.
Charity/ Management Trustees are appointed at General Meetings, unless co-opted.
Jonathan Nelson served as Custodian Trustees throughout the year.
Mrs Laura Rudrum continues in her role as manager.
The setting's latest Ofsted assessment is "Outstanding".
Aim
The aim of the Group continued to be the provision of excellent pre-school education.
Advisers
Accountants: Miss J S Slater FCA (independent examiner)
Solicitors: Ellipse HR Ltd
Finances
The charity is dependent on fee income, mostly in the form of local authority funding, for nursery places.
The Charity Trustees agreed to hold the Annual General Meeting on 9th July 2024 when these accounts will be presented.
The charity banks with TSB Bank Plc.
The attached financial statements show the state of the charity’s finances at the end of the year.
On behalf of the Trustees
Diana Gibbs
Treasurer
9th July 2024
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARY'S NURSERY GROUP (ALBRIGHTON) ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
I report on the accounts of the Trust for the year ended 31st December 2023 set out on pages 3 - 6.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the 2011 Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act and to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Statement
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:-
(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
-
(ii) to prepare accounts which accord with the accounting records and to comply with the accounting requirements set out in the
-
Charities (Accounts and Reports) Regulations 2008.
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J. S. Slater Chartered Accountant
28 Bradford Street Shifnal TF11 8AU
9th July 2024
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ST MARY'S NURSERY GROUP (ALBRIGHTON)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Income Donations (none specific) School fees Shropshire County Council Other Fundraising Interest received Total income Direct charitable expenditure Provision of nursery schooling Rent and rates Insurance Light, heat and water Teaching wages and ancillary costs Activities and meals Telephone and broadband Stationery and postage Advertising and website Repairs Cleaning Sundries Depreciation and loss on scrapping Buildings insurance Amortisation of play area, kitchen and fencing Accountancy Total expenditure Net surplus/(deficit) for the year Fund balance brought forward Fund balance carried forward |
Note 2023 2022 £ £ - - 70,508 51,114 23,180 13,497 2,437 2,362 105 43 ------ ------ 96,230 67,016 ------ ------ 2 1,000 1,000 670 628 2,160 1,847 2 73,040 57,947 3,224 2,889 836 1,052 569 387 270 180 1,245 2,613 2 1,022 3,093 569 402 1 1,238 1,444 - 320 1,061 1,061 600 600 ------ ------ 87,504 75,463 ------ ------ 8,726 ( 8,447) 17,632 26,079 ------ ------ 26,358 17,632 ------ ------ |
|---|---|
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ST MARY'S NURSERY GROUP (ALBRIGHTON)
BALANCE SHEET AS AT 31ST DECEMBER 2023
| Tangible assets Property refurbishment Equipment Intangible assets Goodwill Current assets Debtors and prepaid expenditure Cash at bank Creditors - amounts falling due within one year Creditors Net current assets Total assets less current liabilities Represented by:- General purpose fund Repairs fund EYPP fund |
Note 2023 2022 £ £ 3 3,745 4,806 3 7,604 6,970 1 1 ------ ------ 11,350 11,777 ------ ------ 714 664 34,247 18,156 ------ ------ 34,961 18,820 4 17,404 10,465 ------ ------ 17,557 8,355 ------ ------ 28,907 20,132 ------ ------ 26,358 17,632 5 2,500 2,500 6 49 - ------ ------ 28,907 20,132 ------ ------ |
|---|---|
For and on behalf of the trustees
Diana Gibbs 9th July 2024
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ST MARY'S NURSERY GROUP (ALBRIGHTON)
NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023
1. Accounting policies
Basis of accounting
The accounts have been prepared in accordance with the historical cost convention and the Statement of Recommended Practice on Accounting by Charities.
Depreciation
Depreciation is provided on the cost of tangible assets in order to write off those assets over their anticipated lives. The rates used are as follows:-
Property - 10 years Equipment - 10 years
- Expenditure on nursery schooling
Rent and rates
The school premises are held on a twelve year lease from Shropshire Council commencing in 2011. The group has been granted exemption from rates.
Employees remuneration
There were an average of 6 part-time teaching staff employed – during the year (2022 an average of 6 part time).
Costs in respect of these employees:-
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 69,406 | 57,086 |
| Social security cost | - | - |
| Pension cost | 1,859 | 1,669 |
| ------ | ------ | |
| 71,265 | 58,755 | |
| ------ | ------ |
Remuneration of £3,286 was paid to a trustee for teaching services (2022 - £ Nil). No other renumeration was paid or payable either directly or indirectly to any trustee or person – known to be connected with any of the them (2022 Nil).
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
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ST MARY'S NURSERY GROUP (ALBRIGHTON)
NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023 (continued)
| 3. |
Tangible assets Cost At 1st January 2023 Additions Disposals Donation Grant Depreciation At 1st January 2023 Charge for the year Disposals Net book value At 31st December 2023 At 31st December 2022 |
Property Refurbishment £ 19,307 - - - - ------ 19,307 ------ 14,501 1,061 - ------ 15,562 ------ 3,745 ------ 4,806 ------ |
Equipment Total £ £ 17,521 36,828 2,641 2,641 ( 67) ( 67) - - ( 702) ( 702) ------ ------ 19,393 38,700 ------ ------ 10,551 25,052 1,245 2,306 ( 7) ( 7) ------ ------ 11,789 27,351 ------ ------ 7,604 11,349 ------ ------ 6,970 11,776 ------ ------ |
|---|---|---|---|
Additions are stated at cost or at valuation where gifted.
4. Creditors – amounts falling due within one year
Creditors include £15,287 received in the year from Shropshire County Council relating to the year ending 31st December 2024 (2022 - £8,461).
5. Repairs fund
No transfer was made to the fund in 2023 (2022 - £ Nil).
6. EYPP fund
– A balance of funds remains in hand at 31st December 2023. (2022 £ Nil).
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