Charity Registration Number: 1099040 Company Registration Number: 4683168
All Saints Children's Ventures (Limited by Guarantee) Trustees' Report and Financial Statements
for the year ended 31st August, 2021
All Saints Children's Ventures (Limited by Guarantee)
Contents
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|---|---|---|---|---|
|Page|
|Legal and Administrative|Information|1|
|Directors' and Trustees'|Report|2-4|
|Independent|Examiner's|Report|5|
|Statement of Financial|Activities and|Income and|Expenditure Account|6|
|Balance|Sheet|
|7|
|Notes|to the|Financial|Statements|8-11|
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| All Saints Children's Ventures | All Saints Children's Ventures | Page 1 | |
|---|---|---|---|
| (Limited | byGuarantee) | ||
| Charity Information | |||
| Charity Name: | AllSaints Children'sVentures | ||
| (Limited by Guarantee) | |||
| Charity Registration Number: | 4683168 | ||
| Company Registration Number: | 1099040 | ||
| Governing Document: | Memorandum andArticlesofAssociation dated 16th February2003 | ||
| Registered Office: | All Saints Church | ||
| 93 Forefield Lane | |||
| Liverpool | |||
| L23 9TQ | |||
| Principal BusinessAddress: | All Saints Children'sVentures | ||
| 93 Forefield Lane | |||
| Liverpool | |||
| L23 9TQ | |||
| Directors/Trustees: | Rev'd KRogers (Chair)(resigned 20/06/21) Mr D Bruford |
||
| Mrs E Collins Mrs KZimak |
(Chairfrom 14/07/21) | ||
| Mrs L Davies (resigned 14/04/21) Mr P Collins |
|||
| Mrs C McGreal | |||
| MrsA Pennington | |||
| Company Secretary: | MrAlan Mears | ||
| Principal Officer: | MrsJanine Perry | ||
| Independent Examiner: | MrC S Hughes | ||
| 106 Stanley Park | |||
| Litherland | |||
| Liverpool | |||
| L21 9JU | |||
| Bankers: | HSBC plc | ||
| 99-101 Lord Street | |||
| Liverpool | |||
| L2 6PG | |||
| NatWest Bank pic | |||
| Liverpool Customer | Service Centre | ||
| StevensonWay | |||
| Wavertree | |||
| Liverpool | |||
| L13INW |
Page 2
All Saints Children's Ventures (Limited by Guarantee)
Trustees’ Report for the year ended 31st August, 2021
The trustees, who are also directors for the purposes of company law, present their annual report and the financial statements for the year ended 31st August, 2021.
—tReference and administrative details The and aaministrative details details are set out on page 1. Trustees Rev'd K Rogers (Chair)(resigned 20/06/21) Mrs L Davies (resigned 14/04/21) Mrs E Collins (Chair from 14/07/21) Mr P Collins Mr D Bruford Mrs C McGreal Mrs K Zimak Mrs A Pennington
Mrs C McGreal and Mr P Collins retire by rotation. Mr P Collins, being eligible, offers himself for re-election. Structure, Governance and Management Governing document The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated the16thCharityFebruaryCommission. 2003, which are approved by the Charity Commission. The company is registered as a charity with windingThere areup. currently 31 Members (2020: 32), each of whom agrees to contribute £1 in the event of the charity
Appointment of trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles of Association are known as the Board of Directors. Under the requirements of the Memorandum and Articles of Association, the Trustees are eligible, as the Board of Directors, to appoint additional trustees. The Minister in charge of All Saint's Parish Church shall be an ex-officio trustee.
Trustee induction and training
New trustees are provided with appropriate induction on their legal obligations when they join the Board and are given the appropriate Support by the manager and other trustees. Training is given to new trustees as and when required.
Organisation
The board of trustees normally has up to 10 members, although a general meeting may appoint additional trustees. The board normally meets bi-monthly to administer the charity. The manager (Janine Perry) is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations the manager has delegated authority, within the terms of delegation approved by the trustees, for operational matters including finance, employment and service delivery activity.
Related parties
The Rev'd K Rogers was chair of the All Saints Children's Ventures as well as being chair of the All Saints with St Frideswyde Parochial Church Council (PCC) which owns the building from which the charity operates. Mrs K Zimak is also a trustee for both organisations and Mr D Bruford's spouse, Mrs A Bruford, is a PCC member. Mr A Mears who is the company secretary but not a trustee of the charity is also a member of the PCC.
Investment powers and policy
wish.Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees The trustees, having regard to the liquidity requirements of the company and to the reserves policy have operateda policy of keeping available funds in an interest bearing deposit account with the company's bankers.
All Saints Children's Ventures (Limited by Guarantee)
Page 3
Trustees’ Report for the year ended 31st August, 2021 (continued)
Risk management
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The trustees have a risk management and control strategy which consist of: - a review of the principal risks and uncertainties that the charity faces; - andthe establishment of policies, systems and procedures to mitigate those risks identified in the review; - the implementation of procedures designed to minimise or Manage any potential impact on the charity should those risks materialise.
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This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due and active management of trade debtor and creditor balances to ensure sufficient working capital by the charity.
Attention has also been focussed on non-financial risks arising from the safeguarding of children, fire, health and safety of clients and food hygiene. These risks are managed by ensuring accreditation is up to date, having areas.robust policies and procedures in place and regular awareness training for staff working in these operational Objectives and activities The Charity’s objectives are to (a) promote and advance good quality play opportunities for children in out of school settings in the Borough of Sefton, Merseyside. This included promoting and advancing the care and education of such children. (b) promote and advance the training of persons in providing play, care and education for children in out of school settings in the Borough of Sefton, Merseyside.
When planning our activities for the year, the trustees gave consideration to the Charity Commission's guidance on public benefit.
Achievements and performance during the year We have continued to keep the setting open during the COVID 19 pandemic. Keeping the children and staff safe in a covid free environment. Our trustees have continued to work tirelessly to maintain high standards of care and financial stability during this time and we wish to pass on a big ‘Thank You' for all that they have done and achieved in these trying times. We have continued to work with the parents and the local community, engaging them where-ever possible in our work and supporting their needs if we are able.
Staff absence has been a continual problem with illness, isolation and maternity leave, however, despite the limited agency staff availability, the remaining staff members have rallied around to keep the children safe and the setting open. Financial Review Results for the year The results for the year are set out on page 6.
Reserves policy The trustees have reviewed the reserves of the company and have recognised the need to establish an appropriate level of working capital to sustain the future operations and obligations in the event of unforeseen reductions in it's income streams. The aim of the trustees is to retain sufficient freely available reserves equivalent to at least four months essential staff and overhead costs to enable the company to meet it's obligations. The level of freely available reserves required to meet this objective is considered by the trustees to be £50,000. As at 31st August 2020 the level of reserves was £160,150 (2019: £121,548). In order to track this objective and bring focus to the target for building the reserves, funds are being placed in an appropriate savings account each year as and when cash flow permits.
All Saints Children's Ventures (Limited by Guarantee)
Page 4
Trustees’ Report for the year ended 31st August, 2021 (continued)
Plans for future periods
We are hopeful that with the ending of restrictions we will be able to further develop the setting and are looking forward to exploring new opportunities over the next 12 months.
We continue to aim for enhancements in provision and have enjoyed the improvements in the grounds that All Saints with St Frideswyde eco church has brought. We hope to further enhance the outdoor play areas and will work with the church on this when we are able.
We also want to develop our staff team and training and development continues to be a priority.
With the sad resignation of some of our trustees we hope to recruit new trustees to join our team who share our passions for excellence in child care.
Trustees‘ responsibilities in relation to the financial statements Company and charity law 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 company and of its surplus or deficit for that year. In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
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- observe the methods and principles on the Charities SORP: - make judgements and estimates that are reasonable and prudent; - State whether applicable Accounting Standards and Statements of Recommended Practice 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 company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report is prepared in accordance with the provisions of the Companies Act 2006 applicable to companies Subject to the small companies’ regime.
This report was approved by the Board of Trustees on 2nd March 2022 and signed on its behalf by:
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Edi Colrw? f
Mrs [E] [Collins] / (2 fen uGrO—\
Director
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Page 5
All Saints Children's Ventures (Limited by Guarantee)
Independent Examiner's Report to the Trustees of All Saints Children's Ventures
| report to the trustees on my examination of the accounts of the company for the year ended 31st August 2021.
Responsibilities and basis of report
As the charity trustees of the company you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the company's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
- | have completed my examination. | 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 company 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.
| 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.
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Mr C S Hughes ;
106 Stanley Park f Mum kin
L21 9JU A
Litherland b P| f
2nd March 2022
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All Saints Children's Ventures
Page 6
(Limited by Guarantee)
Statement of Financial Activities and Income and Expenditure Account for the year ended 31st August, 2021
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|TOTAL|FUNDS|
|Funds|Funds|2021|2020|
|INCOME|FROM:|Note|£|£|£|£|
|Investments|2|16|0|16|213|
|Charitable|activities|3|224|996|1,|L008|226,781|233,470|
|TOTAL INCOME|225,012|1,785|226,797|233,683|
|EXPENDITURE|ON:|
|Charitable|activities|4|209,925|1,785|211,710|195,081|
|TOTAL EXPENDITURE|209,925|1,785|211,710|195,081|
|NET INCOME/(EXPENDITURE)|BEFORE|
|TRANSFERS|15,087|-|15,087|38,602|
|GROSS TRANSFERS BETWEEN|FUNDS|0|0|0|0|
|NET MOVEMENT|IN FUNDS|15,087|-|15,087|38,602|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|at|1st September,|2020|160,150|0|160,150|121,548|
|Total funds|carried|forward|at 31st August, 2021|17 O.257|0|175,237|160,150|
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There are no recognised gains or losses other than the net movement in funds for the above two financial periods. The notes on pages8 to 11 form part of these accounts.
Page 7
Ali Saints Children's Ventures (Limited by Guarantee)
Balance Sheet at 31st August, 2021
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2021 2020
Note E 3
CURRENT ASSETS
Debtors 7 100 173
Cash at bank and in hand 202,232 198,291
Total currentassets 202,332 198,464
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 8 27,095 38,314
NET CURRENT ASSETS 175,237 160,150
TOTAL ASSETS LESS CURRENT LIABILITIES 175,237 160,150
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
0 0
TOTAL NET ASSETS 175,287 160,150
FUNDS OF THE CHARITY 9
Unrestricted 175,237 160,150
Total charity funds 175,237 160,150
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In approving these financial statements as directors of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006: (b) that no notice has been deposited at the registered office of the company pursuant to Section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31st August, 2021 and (c) that we acknowledge our responsibilities for: (1) ensuring that the company keeps accounting records which comply with the requirements of the Act: and (2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the year then ended in accordance with the requirements of the Companies Act (‘the Act'), and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
The financial statements are prepared in accordance with the provisions applicable to companies subject to the small companies' regime. Approved by the Board of Trustees on 2nd March 2022 and signed on its behalf by: a) => MrsEGie Loltie | OQ: Rrnivghh4 Edith Collins Mrs Anne Pennington Company Registration Number: 1099040 The notes on pages 8 to 11 form part of these accounts.
Page 8
All Saints Children's Ventures (Limited by Guarantee)
Notes to the Financial Statements for the year ended 31st August, 2021
1 Accounting policies
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2015 FRS 102), applicable UK Accounting Standards and the Companies Act 2006.
The company has taken advantage of the exemption in FRS102 from the requirements to prepare a cash flow Statement on the grounds that it is a small company.
Funds
General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the trustees are also unrestricted.
Restricted funds are funds subject to specific conditions imposed by the donors or through the terms of an appeal.
The accounts include all transactions, assets and liabilities for which the charity is held responsible in law. They do not include the accounts of groups that owe their main affiliation to another body.
Turnover
Turnover comprises the amounts receivable in respect of grants, donations and childcare fees.
income from:
investments
Dividends and interest are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting period.
Expenditure on:
Charitable activities
Charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Contingent Liabilities and Provisions
In accordance with the SORP, a contingent liability is disclosed for those grants, which do not represent liabilities, where the possible obligation, which arises from past events, will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees' control. Provisions are recognised for those grants where there is uncertainty as to the timing or amount, and any uncertainty regarding the amount is more than one of determining a basis for reasonable estimation of the liability arising from that constructive obligation.
Charitable status and taxation
As a registered charity, the company benefits from rates’ relief and is generally exempt from income tax and corporation tax. The charity is not registered for value added tax.
All Saints Children's Ventures
Page 9
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31st August, 2021
| 2 | INCOMEFROM: Investments |
Unrestricted Funds £ |
Restricted Funds £ |
TOTAL 2021 £ |
Unrestricted Funds £ |
Restricted Funds £ |
TOTAL 2020 £ |
|---|---|---|---|---|---|---|---|
| Dividendsand interest (including any reclaimed tax): |
|||||||
| -on cash deposits | 16 | 0 | 16 | 213 | 0 | 213 | |
| 16 | 0 | 16 | 213 | 0 | 213 | ||
| 3 | Charitable activities | ||||||
| Childcare fees EarlyYears Education Funding Furlough GrantClaims OtherCOVIDGrants&Funding Miscellaeous income EXPENDITURE ON: |
83,988 116,995 1,986 21,705 322 224,996 |
0 0 0 0 1,785 1,785 |
83,988 116,995 1,986 21,705 2,107 226,781 |
106,760 110,029 16,139 0 542 233,470 |
0 0 0 0 0 0 |
106,760 110,029 16,139 0 542 233,470 |
|
| 4 | Charitable activities | ||||||
| Wagesandsalaries Employers National Insurance Staffpension costs Agencywagescosts Staffuniformsandtraining costs Rentpayable Insurance Recruitmentcosts Cleaningandwastedisposal Repairsandmaintenance Telephone& internet Activitysupplies Computersand software Refreshments Legaland professional fees Printing, postageandstationery Motorandtravelexpenses Bankcharges Subscriptions Sundries Independentexamination COVID 19Equipment/Costs |
162,005 1,834 2,016 2,965 888 21,677 1,387 1,619 1,529 282 586 3,672 1,012 3,660 564 1,396 0 529 5o/ 665 80 1,002 209,925 |
1,785 i) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,785 |
163,790 1,834 2,016 2,965 888 21,677 1,387 1,619 1,529 282 586 3,672 1,072 3,660 564 1,396 0 529 557 665 80 1,002 211,710 |
150,345 4,064 1,526 0 438 17,486 1,339 1,937 197 123 612 3,823 348 3,180 516 661 194 569 701 143 80 6,199 195,081 |
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ) 0 |
150,345 4,064 1,526 ) 438 17,486 1,339 1,937 797 123 612 3,823 348 3,180 516 661 194 569 701 143 80 6,199 195,081 |
All Saints Children's Ventures
Page 10
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31st August, 2021
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|---|---|---|---|---|---|---|---|---|---|
|§|Staff Costs|
|2021|2020|
|Wages|£|£|
|Social|and|Salaries|163,790|150,345|
|Security Costs|1,834|4,064|
|Pension|Costs|2,016|1,526|
|167,640|155,935|
|The average|number of full-time equivalent employees|(including|casual and|part-time|staff) employed|by the|
|company|during|the|year was|as|follows:|
|2021|2020|
|Administration|£|£|
|Projects,|2|2|
|activities and|sessions|10|8|
|a|ee|
|During|the year the|charity employed|members of staff as detailed above.|None|(2020:|None)|of whom|earned|
|more than £60,000|p.a.|The trustees|received £Nil remuneration|(2020:|£Nil) during|the|year.|Trustees were|
|reimbursed|travelling and|subsistence expenses|of £Nil|(2020:|£Nil)|for the year.|There were no other|
|discloseable|transactions|in respect of trustees,|persons|closely connected with them or other related|parties|
|6|Pensions|
|The company operates|a NEST defined|contribution|schemes|in|respect of employees.|The scheme and|it's|
|assets|are|held|by independent managers.|The|pension|charge|represents|contributions due from|the|
|company|and|amounted|to £2016|(2020:|£1526).|
|7|Debtors:|2021|2020|
|Trade|£|£|
|debtors|100|173|
|Prepayments|and accrued|income|0|0|
|100|tf|
|8|Liabilities:|Amounts|falling due within one year|2021|2020|
|Trade|£|£|
|Other|Creditors|A215|666|
|taxes and|social|security costs|(132)|(335)|
|Accruals and deferred|income|26,952|37,983|
|27,095|38,314|
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9 Analysis of Net Assets by Fund
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|---|---|---|---|---|
|Unrestricted|Restricted|
|Funds|Funds|Total|
|Current|£|£|£|
|Current|Assets|202,332|0|202,332|
|Liabilities|(27,095)|0|(27,095)|
|Liabilities|after more than one year|0|0|0|
|Fund Balance|175,237|0|175,237|
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Page 11
All Saints Children's Ventures (Limited by Guarantee)
Notes to the Financial Statements for the year ended 31st August, 2021
10 Movement on funds
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At ist Incoming At 31st
Septembe Resources Outgoing August,
r, 2020 (inc. gains) Resources Transfers 2021
Unrestricted funds £ £ £ E £
General fund 160,150 225,012 209,925 (26,000) 149,237
Outdoor Area Fund 0 0 0 26,000 26,000
Total unrestricted funds 160,150 225.012 209,925 0 119,236
Restricted funds
One to One Support Fund 0 1,785 1,785 0 0
Total funds 160,150 226,797 211,710 0 175,237
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11 Fund Details
Details of the various funds held by the charity are as follows: Name of fund Description, nature and purposes of the fund Unrestricted funds General fund Any monies not included in any other fund. Outdoor Area Fund This is money set aside to develop the outdoor area.
Restricted funds
One to One Support Fund This relates to money received for specific support for individual children.
- 12 Related Parties During the period the charity paid £10,800 (2020: £10,098) to All Saints with St Frideswyde PCCa charity to which some trustees of this charity are related, as mentioned in the trustee's’ annual report.
13 Taxation
As a charity, All Saints Children's Ventures is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
14 Contingent liabilities
The company had no contingent liabilities at 31st August, 2021 (2020: None).
15 Capital commitments The company had no capital commitments at 31st August, 2021 (2020: £Nil ).
16 Members' liability
The company is limited by guarantee, and, in the event of the winding up of the company, the liability of each member (including those members who have served within the previous twelve months) is limited to a contribution of £1 towards the cost of dissolution and the liabilities incurred by the charity while the contributor was a member.