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 314 st August, 2022 re ## All Saints Children's Ventures (Limited by Guarantee) ## Contents |LegalandAdministrative Information|Page| |---|---| |Directors’ and Trustees' Report|1| |Independent Examiner's Report|2-4| |Statement
of FinancialActivitiesand Income andExpenditureAccount
Balance Sheet|5
6| |Notes to the Financial Statements|7| ||8-11| Page 1 ## All Saints Children's Ventures (Limited by Guarantee) Charity Information |CharityName:|AllSaints Children'sVentures
(Limited byGuarantee)|AllSaints Children'sVentures
(Limited byGuarantee)| |---|---|---| |Charity Registration Number:|4683168|| |CompanyRegistration Number:
1099040||| |GoverningDocument:
Registered Office:|MemorandumandArticlesofAssociationdated16thFebruary2003
All SaintsChurch|| ||93 Forefield Lane|| ||Liverpool|| ||L23 9TQ|| |PrincipalBusinessAddress:|AllSaints Children'sVentures
93 Forefield Lane|| ||Liverpool|| ||L23 9TQ|| |Directors/Trustees:|MrsE Collins
MrD Bruford|(Chair)| ||Mrs K Zimak|| ||MrsA Pennington|| ||Mr P Collins|| |Company Secretary:|MrsC McGreal(resigned 31/03/22)
RevEPThorpe(appointed 13/1 1/22)
MrAlan Mears|| |Principal Officer:|MrsJanine Perry|| |IndependentExaminer:|MrCSHughes|| ||106 Stanley Park|| ||Litherland|| ||Liverpool|| ||L21 9JU|| |Bankers:|HSBCplc|| ||99-101 Lord Street|| ||Liverpool|| ||L2 6PG|| ||NatWest Bank ple
Liverpool Customer Service Centre
Stevenson Way
Wavertree|| ||Liverpool|| ||L131NW|| ## $e > All Saints Children's Ventures Page 2 (Limited by Guarantee) The Trustees’ Report for the year ended 31st August, 2022 trustees, who are also directors for the Purposes of company law, present their annual report and the financial statements for the year ended 314 st August, 2022. Reference and administrative details The details are set out on page 1. Trustees Mrs E Collins (Chair) Rev EP Thorpe (appointed 13/1 1/22) Mr D Bruford Mr P Collins **Mrs** KA Pennington Zimak Mrs C McGreal (resigned 31/03/22) Mrs K Zimak and Mrs A Pennington retire by rotation and being eligible, offer themselves 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 the Charity Commission. 16th February 2003, which are approved by the Charity Commission. The company is registered as a charity with winding up. There are currently 30 Members (2021: 31), 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 €x-Officio trustee. Trustee induction and training New trustees are provided with appropriate induction on their legal obligations when they join the Board and are required. given the appropriate Support by the manager and other trustees. Training is given to new trustees as and when 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 All Saints with St Frideswyde Parochial Church Council (PCC) owns the building from which the Charity operates. ofMrs the K Zimakcharity isis also also a q trusteemember/trustee for both organisations.of the PCC. Mr A Mears who is the company secretary but not a trustee Investment powers and Policy wish. Under the Memorandum and Articles ofAssociation, 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 operated a policy of keeping available funds in an interest bearing deposit account with the company's bankers. ee All Page 3 Saints Children's Ventures (Limited by Guarantee) ## Trustees' Report for the year ended 31st August, 2022 (continued) Risk management The trustees have a risk Management and control Strategy which consist of: ~ a review of the principal risks and uncertainties that the Charity faces; and - the 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 maierialise. 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. onWhenpublic planningbenefit. our activities for the year, the trustees gave consideration to the Charity Commission's guidance Achievements and performance during the year We continue to strive for high quality childcare and education, whilst keeping the children and staff safe. 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. workWe haveand continuedSupportingtotheir work needs with theif we parentsare able. and the local community, engaging them where-ever possible in our Staff absence has been a continual problem with illness, isolation and maternity leave, however, despite the thelimits **e** dtting agencyopen. staff availability, the remaining staff members have rallied around to keep the children safe and and mental health. We welcomed the completeion of the renovations to develop a new staffroom in order to support staff wellbeing 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 £60,000. As at 31st August 2022 the level of reserves was £143,779 (2021: £149,237). In order to track this accountobjective each and bringyear as focus and to when the targetcash forflow buildingpermits. the reserves, funds are being placed in an appropriate savings ee ee All Page 4 Saints Children's Ventures (Limited by Guarantee) ## Trustees' Report for the year ended 31st August, 2022 (continued) Plans for future periods throughWe are lookingthe cost f **o** frward living tocrisis. exploring new opportunities over the next 12 months and Supporting our parents We continue to aim for enhancements in provision and have enjoyed the continual improvements in the grounds andthat Allwill Saints work with withthe St Frideswyde church on this eco when church we has are brought.able. We hope to further enhance the outdoor play areas We also want to develop our staff team and training and development continues to be a priority. We hope to recruit new trustees to join our team who share our passions for excellence in child care and have welcomed Rev E P Thorpe onto the board, who is also the new incumbent of the church . theWe arechildren's looking outdoor at the experience. possibility of developing and training the staff staff in "forest Schools" in order to enhance 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 thosea true andfinancial fair viewStatements, of the Statethe trustees of affairs are of the required companyto: and of its surplus or deficit for that year . In preparing - ~ Select suitable accounting policies and then apply them consistently; - 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, SubjectThis reportto the is Prepared small companies’ in accordanceregime. with the provisions of the Companies Act 2006 applicable to companies This report was approved by the Board of Trustees on 23rd February 2023 and Signed on its behalf by: Edie Zip’ Mrs E Collins Director me All Page 5 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 2022. 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 au **nd** erin section carrying145(5)(b) out my examinationof the Act. | have followed all the applicable Directions given by the Charity Commission ## 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 independrequirem **ent** thatexamination. the accounts give a ‘true and fair view' which is not a matter considered as part of an | 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. Mr C S Hughes 106 Stanley Park Litherland L21 9JU 23rd February 2023 Ce 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, 2022 **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|TOTAL FUNDS| |Note|Funds|Funds|2022|2021| |INCOME|[FROM:]|£|£|£|£| |Investments|2|15|0|75|16| |Charitable activities|3|228,276|1,904|230,180|226,781| |TOTAL INCOME|228,351|1,904|230,255|226,797| |EXPENDITURE|ON:| |Charitable activities|4|233,809|1,904|235,713|211,710| |TOTAL EXPENDITURE|233,809|1,904|235,713|211,710| |NET INCOMEEXPENDITURE) BEFORE| |TRANSFERS|(5,458)|-|(5,458)|15,087| |GROSS TRANSFERS BETWEEN FUNDS|0|0|0|0| |NET MOVEMENT IN FUNDS|(5,458)|-|(5,458)|15,087| |RECONCILIATION|OF FUNDS| |Total funds brought forward at 1st September 20214|175,237|0|175,237|160,150| |Total funds carried forward at 31st August, 2022|169.779|0|169,779|175,237| **----- End of picture text -----**
There are no recognised gains or losses other than the net movement in funds for the above two financial periods. The notes on Pages 8 to 11 form part of these accounts. ee All Saints Chiidren's Ventures (Limited by Guarantee) Page 7 ## Balance Sheet at 3ist August, 2022 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |2022|2021| |CURRENT ASSETS|Note|£|£| |Debtors| |Cash|at|bank|and|in|hand|rg|0|100| |Total|200,386|202,232| |CREDITORS:|current assets|200,386|202,332| |AMOUNTS FALLING DUE WITHIN ONE YEAR|8|30,607|27,095| |NET CURRENT ASSETS| |TOTAL|169,779|175,237| |ASSETS LESS CURRENT LIABILITIES|169,779|175.237| |YEARCREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE| |0|0| |TOTAL|NET ASSETS| |FUNDS|169,779|175,237| |OF THE|CHARITY| |Unrestricted|9| |169,779|1/8,237| |In|Total charity funds|169,779|15:237| |approving these financial Statements as directors|of the company we hereby confirm:| **----- End of picture text -----**
Companies(a) that for the Act year 2006; stated above the company was entitled to the €xemption from audit under Section 477 of the (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, 2022 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. smallThe financialcompanies' statementsregime. are Prepared in accordance with the provisions applicable to companies subject to the Approved by the Board of Trustees on 23rd February 2023 and Signed on its behalf by: 4 A . Mrs Edith Collins Mrs Anne Pennington Company Registration Number: 1099040 The notes on Pages 8 to 11 form part of these accounts. All Page 8 Saints Chiidren's Ventures (Limited by Guarantee) # Notes to the Financia! Statements for the year ended 31st August, 2022 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 20086. 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 trusteesavailable forare applicationalso unrestricted. on the general purposes of the charity. Funds designated for a particular purpose by the 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 (Limited by Guarantee) Page 9 Notes to the Financial Statements for the year ended 31st August, 2022 |INCOMEFROM:
2
Investments|Unrestricted
Funds
£|Restricted
Funds
£|TOTAL
2022
gE|Unrestricted
Funds
£|Restricted
Funds
£|TOTAL
2021
£| |---|---|---|---|---|---|---| |Dividendsand interest(including any
reclaimed tax):||||||| |-onCashdeposits|715
f5|0
0|75
5|16
16|0
0|16
16| |3
Charitable activities||||||| |Childcare fees
EarlyYearsEducationFunding
FurloughGrant Claims
OtherCOVIDGrants&Funding
Miscellaeousincome
EXPENDITURE ON:
4
Charitable activities|124,902
103,374
0
0
0
228,276|0
0
0
0
1,904
1,904|124,902
103,374
0
0
1,904
230,180|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| |Wagesandsalaries
EmployersNationalInsurance
Staffpensioncosts
Agencywagescosts
Staffuniformsandtraining costs
Rentpayable
Insurance
Recruitmentcosts
Cleaningand wastedisposal
Repairsandmaintenance
Telephone& internet
Activitysupplies
Computersandsoftware
Refreshments
Legalandprofessional fees
Printing, postageandstationery
Motorandtravelexpenses
Bankcharges
Subscriptions
Sundries
Independentexamination
OutdoorPlayArea
Staffroom costs
COVID 19Equipment/Costs|172,853
4,006
2,378
549
1,253
22,370
1,621
940
1,156
139
151
5,529
600
4,921
477
985
21
646
305
1,110
80
1,056
10,063
0
233,809|1,904
0
0
0
0
0
ie)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,904|174,757
4,006
2,378
549
1,253
22,370
1,621
940
1,156
139
#51
5,529
600
4,921
477
985
21
646
305
1,110
80
1,056
10,063
0
239,13|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
557
665
80
fe)
0
1,002
209,925|1,785
0
0
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
4,012
3,660
564
1,396
0
529
557
665
80
0
0
1,002
211,710| > All Saints Children's Ventures (Limited by Guarantee) Notes to the Financial Statements for the year ended 31st August, 2022 Page 10 |5|StaffCosts||| |---|---|---|---| ||Wages and Salaries
Social Security Costs
Pension Costs|2022
£
174,757
4,006|2021
£
163,790
1,834| |||2,378|2,016| ||The
averagenumberoffull-timeequivalentemployees|181,141
employees(includingcasualandpart-timestaff)employedby|167,640
bythe| The 181,141 companyaverageduring numberthe year of full-time was as equivalentfollows: employees (including casual and part-time staff) employed by the 2022 2021 Administration £ £ Projects,[activities][and][sessions] 2 2 11 10 During 13 12 more the year the charity employed members of siaff as detailed above. None (2021: None) of whom earned than £60,000 p.a. The trustees received £Nil remuneration (2021: £Nil) during the year. Trustees were reimbursed travelling and subsistence expenses of ENil (2021: ENil) for the year. There were no other 6 Pensionsdiscloseable transactions in respect of trustees, persons closely connected with them or other related parties The company operates a NEST defined contribution schemes in respect of employees. The scheme and it's **a** ssetsnd amounted are heldto by £2378 independent(2021: Managers.£2016). The pension charge represents contributions due from the company ||The company operatesoperates a NEST defined contribution schemesNEST defined contribution schemesdefined contribution schemescontribution schemes
**a**ssetsnd amounted are heldto by £2378 independent(2021:are heldto by £2378 independent(2021:heldto by £2378 independent(2021:by £2378 independent(2021:independent(2021:Managers.£2016).
nd amounted are heldto by £2378 independent(2021:amounted are heldto by £2378 independent(2021: to by £2378 independent(2021:£2378 independent(2021: (2021: £2016).|a NEST defined contribution schemesNEST defined contribution schemesdefined contribution schemescontribution schemesschemes in respect of employees.respect of employees.
Managers.£2016).The pension charge represents contributions due from the companypension charge represents contributions due from the companycharge represents contributions due from the companyrepresents contributions due from the company|in respect of employees.respect of employees.of employees.employees.
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The pension charge represents contributions due from the companypension charge represents contributions due from the companycharge represents contributions due from the companyrepresents contributions due from the companycontributions due from the companydue from the companyfrom the companythe companycompany| |---|---|---|---|---|---|---| |7|Debtors:|||||| ||Trade debtors
Prepayments and accrued income||||2022
£
0|2021
£
100| ||||||0|00| |8|Liabilities:Amountsfallingduewithinoneyear
Trade Creditors
Othertaxesand social security costs
Accrualsanddeferredincome||||0
100
2022
2021
£
E
5,100
275
958
(132)
24,549
26,952|| |9|Analysis ofNetAssets byFund||||30,607|27,095| |||Unrestricted|Restricted|||| |Current Assets
Current
Liabilities
Liabilitiesaftermorethanoneyear
Fund Balance||Funds
£
200,386
(30,607)
0|Funds
£|0
0
0||Total
£
200,386
(30,607)
0| |||169,779||0||169,779| 9 Analysis of Net Assets by Fund ee > All Saints Children's Ventures Page 11 (Limited by Guarantee) Notes to the Financial Statements for the year ended 31st August, 2022 **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |10|Movement on|funds| |At 1st|Incoming|At 31st| |September|Resources|Outgoing|August,| |2021|(inc. gains)|Resources|Transfers|2022| |stssinctedGeneralUnrestricted|funds|[funds]|£|E|£|£|£| |Outdoor|fund|149 237|228,351|233,809|0|143,779| |Total|Area Fund|26,000|0|0|0|26,000| |unrestricted|funds|175:237|228,351|233,809|0|169,779| |Restricted|funds| |Training Support Grants|0|1,833|1,833|0|0| |TotalOne to One Support Fund|00|1,904Zt|1,90471|00|:| |11|funds|175,237|230,255|235,713|0|169,779| |Fund|Details| |Details of the various funds held by the charity are as follows:| |UnrestrictedName of fundfunds|Description,|nature and purposes of the fund| |General fund|Any monies not included|in any other fund.| |Outdoor Area Fund|This|is money set aside to develop the outdoor area.| **----- End of picture text -----**
Restricted funds Training Support Grants This relates to money received towards supporting staff training. 12 One to One Support Fund This relates to money received for specific Support for individual children. Related Parties During the period the charity paid £10,800 (2021: £10,800) to All Saints with St Frideswyde PCC a charity to 13 Taxationwhich some trustees of this charity are related, as mentioned in the trustee's’ annual report. Asa Charity, All Saints Children's Ventures is €xempt from tax on income and gains to the extent that these are 14 applied to its charitable objects. No tax charges have arisen in the Charity. Contingent liabilities 15 The company had no contingent liabilities at 31st August, 2022 (2021: None). Capital commitments 16 The company had no Capital commitments at 31st August, 2022 (2021: £Nil ). 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 toa was a member. contribution of £1 towards the cost of dissolution and the liabilities incurred by the charity while the contributor