Chartty 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, 2024
All Saints Chlldren's Ventur•s (Limited by Guarnntee) Contents Page Legal and Administrative Informabjn Directors, and Trustees, Rep)rt Inclependent Examinerfs Report ststement of Financia1 Ath"vtb"es and Irme and Expenditure Account Balance Sh*t Notes to the Financial Statements 8-11
Page 1 All Salnts Children's Ventures (Limited by Guarantee) Charlty Infomiatlon Charity Name.. All Saints Children's Ventu ILimited by Guarantee) Charity Registration Number.. 1099040 Company Registration NumtEr.' 4683168 Governing Document". Memorandum and Articles of Associats"on dated 16th February 2003 Registered Office: Ail Saints Church 93 Forefjeld Lane Liverpool L23 9TQ Principal Business Address.. Saints Children's Ventures 93 Forefield Lane Liverpool L23 9TQ Dlrectotsrustees'. Mrs E Collins Rev E P Thorpe Mr D Bruford Mrs K Jmak Mrs A Pennington Mr P Collins Mrs P Howard Mr J A. Ham.mond (Appointed 271031241 (Chairl Company Secretsry. Mr ALgn Mears Principal i)fficer. Mrs Janine Perry Independent Examiner_ 4r C S H.ughes 106 Stanley Park L4th-dan(i Liverpool L21 9JU Bankers.. HSBC plc 99-101 Lord Street Liverpool L2 6PG Natwest Bank plc Livefpool Customer ServirE Centre Stevenson Way Wavertree LNerpool L13 1NW
Page 2 All Saints Children's Ventures (Limited by Guarantee) Trustees. Report for the year ended 31st August, 2024 The trustees, who are also directors for the purposes of company law. present Iheir annual report and the financial statements for the year ended 31st August. 2024. Reference and administrative detalls The details are set out on page 1. Trustees Mrs E Collins Mf D Bruford Mrs K Zimak Mrs A Pennington Ichair) Rev E P ThorFe Mr P Collins Mrs P Howard Mr J A Hammond (AprA)inted 27103124) Mr P Collins and Mrs P Howard retsre by rotatKsn and being eligible, offer themselves for re*lectrI. structure Govemance and Mana ement Governing document The charity is a company limited by guarantee govemed by its Memorandum and Aiticles of Associab'on dated 16th February 2003, which are approved by the Charity Commission. The company is registered as a charity with the Charity Commission. Thefft are currenly 32 Members {2023.' 28), each of whom agrees to contn.bute £1 in the event of the charity winding up. Appointment of trustegs The directors of the company are also charity trustees for the purposes of chaiity 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 Tnjstees are eligible, as the Board of Directors. to appoint additional trustees. The Minister in charge of All Saints Parish Church shall be an ex-officio trustee. Trustee inductlon and tralnlng New trustees are provided with appropriate indu¢tK)n on their legal OblalK)n5 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. Oryanisation The board of trustees nomialty has up to 7 memttrs, although a general meeting rnay appoint additional Iruslees. The ljoard nomally meets bi-monthly to administer the charity. The manager lJanine Perryl is appointed by the trustees lo manage the day to day ora"0nS of the charity. To facilitate effective operatEons the manager has delegated authority, within the terns of delegation approved by the trustees, for operational matters including finance, employment and service delivery activity. Related parties All Saints with St Frideswyde Parc¢hial Ghurch Council (PCC) owns the building from which Ihe charrty operates. Rev'd E P Thorpe is and Mrs K Zimak was (Unbl 191031241 a trustee for both Ofganisations. Mr A Mears who is the company secretary but not a trustee of the charity is also a memberltwstee of the PCC. Investment powers and policy Under the Memorandum and ArtiCS of Assoaation, the charity has the power to invest in any way the trustees wish. The Iruslees, having regard to the liquidtty requirements of the company and to the reserves policy have rated a policy of keeping available funds in an InteSt bearing deposit account wrf(h the company's bankers.
P8ge 3 All Saints Chlldren's Ventures ILimited by Guarantee} Trustees, Report for the year ended 318t August, 2024 l¢ontinuedl Risk management The trustees have a risk management and control strategy hich ¢OÈisisI of.. a review of the principal risks and unTrrtainties that the charity fatts,. the eslablishmenl of policies. systems and procedures lo mitigate those risks identified in the review,. and the itnplementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. Thi5 work has identified that finsncial sustainability is the major f1nancial risk for Ile charity. A key element in the management of financial risk is a regu12r review of available I quid funds lo settle debts as they fall due and active management of trade debtor and creditor balances to ensure sufficient working capital by the charity. Attentson has also been focugsed on non-financial risks arising from the safeguarding of Childn, fire, health and safety of clients and food hygiene. These risks are managed by ensuring accredilalion is up to dale, having robust policies and procedures In place and regular awareness training for staff working in these operational areas. Ob'ectives and activities The Chaiily's objectives are to lal promote and advance good quality play opportunities for children in out of hool sellings in the Borough of Sefion, Merseyside. This included promoting and advancing the care and education of such children. Ibl promote and advance the training of persons in providing play, care and edLJcalion for children in out of school ?etlings In the Borough of Sefton, Merseyside. When planning our actfvilies for the year, the trustees gave considèration to the Gharity Commission's guidance on public benefit. Achievements and erformance durin he We continue to strive for high quality childcare and education, whilst keeping the chiklren 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 a51 that they have done and achieved in these trying limes. We have continued to work with the parents and the local community, engaging them where-ever possible in OUT work and supportsng their needs if we are able. Staff absen has been a continual problem with illness, is013tion and maternity leave, however, desp11e the limited agency staff availability, the remaining staff members have rallied around to keep the Ghildren safe and the setting open. We welcomed the installation of the new CCTV system in order to protect staff and users. In line with government 8genda we were also able to extend the 2 year old provision with the receipt of an appropriate grant. We have welcomed Mr James H8mmonol onto the board and value his input as a user of the service. 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 recogni5ed the need to establish an appropriate level Of working capital lo sustain the future operations and obligations In the event of unforeseen reductions Iri Il's income Streams. The aim of the trustees is to Fetain sufficienl freely avallatile reserves equivalent lo at least four months essential slay and overhe8d costs to enable the company lo meet il's obligations. The level of freely available reserves required lo meet this objective considered by the trustees to be £90,000. As at 31 st August 2024 the level of reserves was £177,43312023". £140, 1281. In order lo track this objective and bring focus to the target for buildin9 the reserves, funds are being placed in an appropriate savings account each ear as and when cash flow ermits.
Page 4 All Saints Children's Ventures (Limited by Guarantee) TTU$tees' Report for the year ended 31st Augu8t, 2024 Icontinuedl Plans for future eriods We are looking fotward to exploring new opportunities over the next 12 months and supporting our paients through the ongoing events of day lo day life. We continue to aim for enhantsments in provision where-ever possible, however, the physical restrictions in accomodalion area and the.pack away" provision Cause limitations. 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 exce11en¢e in child care. Trustees, res onsibilities in re5ation to the financial statements Company and charity law requires the trustees to prepare financial slalements for each financial year which give a true and fair view of the state of affairs of the company and of ils surplus or deficit for that year. In preparing those financial statements. the trustees are required lo.. select SL*ilable accounting policies and then apply them consistently., obseNe the methods and principle5 on the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable Accounting Standards and Statements of Recommended Practice have been followed 8ubjecl to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concem basis unless it is inapproptiate to presume that Ihe company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the company and to enable Ihern to ensure that the financial statements comply with the Companiès 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 oth81 irregularities. This report Is prepared in accordance with the provisions of the Companies Act 2006 appii¢2ble lo companies subject to the small Companies, regime. This report was approved by the Board of Trustees on 28th January 2025 and signed on Ils behalf by.. Zr,¢ eGBJ Nrirs E Collins Director
Page 5 All Saints Children's Ventur¢$ {Limited by Guarantee) Independent Examlnerfs Report to the TFusteo8 of All Salnts Children's Ventures I report to the trustees on my examination of the a¢Unts of the company for the year ended 31st August 2024. Respon81bllltle8 and basis ol report As the charity Iruslees of the company you are responsibl& for the preparation of the a¢counts in acGordance with the requirements of the Charities Act 2011 (Ihe ACV). I report in respect of my examination of the company's accounts carried oth under section 145 of the 2011 Act and in carrying out my examination I have foll¢Jwed all the appllcable Directions given by the Charity Commission under section 145(Sllbl of the A¢t. Independent Examlnerf8 8tatom•nt I have compkted my examination. I confiTh that no m*erial matters have come to my attention in connection with the examination giving me cause to believe that in any malenal respecL 111 accounting records were not kept in respect of the company as required by section 130 of th& A¢t,' or 121 the accounts do not accord wth those recordi, or 131 the accounts do not Comply with the applicable Uirements o)ncerning the fomi and content of accounts Sel out in the Charitses (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair which is rtot a matter considered as part of an independent examinatton. I have no concerns and have come across no olher matters in connection with the examinatson to which attention should be drawn in thi$ report in Order to enable a proper understanding of the accounts lo be reached. Mrc S Hughes 106 Stanley Park Litherland L219JU 28th January 2025
Page 6 All Saints Children's V•ntures {Limited by Guarantee) Statement of Financial Activities and Income and Expenditure Account for the year ended 31st August, 2024 Unrestmcted Restricted Funds Funds TOTAL FUNDS 2024 2023 Note INCOME FROM: Investments 2,585 2,585 1,598 Charitablg activities 300,274 7,581 307,855 242,217 TOTAL INCOME 302.859 7,581 310,440 243.815 EXPENDITURE ON: Charitable activities 266.054 7,581 273,635 272,966 TOTAL EXPENDITURE 268,054 7,581 273.835 272,966 NET INCOMEIIEXPENDITUREI BEFORE TRANSFERS 36,805 36,805 129.1511 GROSS TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 36,805 36,805 129,1511 RECONCILIATION OF FUNDS Total fund5 biought forward at 1st September 2023 140,628 140.628 169,779 Total funds carried forward al 31st August, 2024 177,433 177,433 140,628 There are no recognised gains or losses other than the net movement in funds for the above financial periods The notes on pages 8 to 11 form part of these accounts.
Page 7 All Saints Chlldren's Ventures ILimÉted by Guarantee) B¥lance Sht at 31st Augusi 2024 2024 2023 Note CURRENT ASSETS Debtors Cash at bank and in hand 231,361 231,361 167,890 167,890 Total current assets CREDITORS: AMOUNTS FALLING DUE WH1N ONE YEAR 53,928 27,262 NET CURRENT ASSErs 177,433 140,628 TOTAL ASSETS LESS CuRREp LIABILITIES CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 177,433 140,628 TOTAL NET ASSETS 177.433 140,628 FUNDS OF THE CHARrrY Unreslri¢tsd 177,433 140,628 Total chaNty funds 177,433 140.628 In approving these financial statements as dir)r$ of the company we hereby rnnfirm.. lal that for the year stated above the company Was enbded to the exemption from audit under Section 477 of the Companies Act 2006" Ibl that no notice has been deposrted * the registered office of the cornp2ny pursuant to SeCt1n 476 of the Companies Act 20(E requesting that an audrt be conducted for the year ended 31st August, 2024 and Icl that we acknowledge our responsibil"eS for. 111 ensuring that the company keeps accounting fftcords wich comply wtth the requirements of the Act., and 121 preparing financial statements which gwe a true and faif VEW of the stats of affairs of the company as al the end of the financial year, and of Its profit or loss for ttle year then ended in acwrdance with the requirements of the Companies Act I'the Act'}, and which otherwse comply wrth the provisions of the Companies Act relating to financi81 statements. so far as applicable to the comp8ny_ The financial statements are prepared in accordance wsth the provisions applThble to companies subject to the small companies, regime. Approved by the Board of Trustees on 28th January 2025 and signed on its behalf by.. Mrs Edith Colliii S Mrs Air.e 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 forthe year ended 31stAugust, 2024 Accounting policies The financial statements have been prepared sjnder the historical cost convention except for the valuation of investment assets. which are shown at market value. The fin8nual statement5 have been prepared in accordance with the Statement of Recommended Practs"ce- Accounb"rg and Reporting by Ch8rities ISORP 2015 FRS 1021, applicable UK Accounting Standards and Lle Companies Ad 2006. The company has taken advantage of the exemption in FRS102 from Ihe requirements to prepare a cash flow statement on the grounds that it is a small company. Funds General funds represent the funds of the chaTty that are not subject to any $triC)0nS regarding their use and are available for application on the general purposes of the chartty. Funds designated for a particular purpose by the trustees are also unrestricted. Restricted funds are fvnds subject to specific conditions imposed by the donors or through the terms of an appeal. The accoufjts include all tran.sactions, assets and liabilities for which the charity is held respgnsible in law. They do not include the accounts of groups Lhat gwe their main affiliation lo another body_ Tumover Turnover comprises the amounts receivab in respect of grants, donations and childcare fees. Income from: 1nveslments Dividends and interest are accounted for when due and payable. ID.teresl entsllemenls are accounted for as they accrue. Tax recoverable on such income is reeognised in the $8me accountsng perio(i. Expendlture on: haritsble activities harilable activities comprises Ihose costs incuTred by the charity in the delivery of its activities and services for ils beneficiaries. It includes both the cosls that can be allocated directy to such activities and those costs of an indirect nature necessary lo support them. Irrecoverable VAT All fesourrks expended are classified under activity headings that aggrege all costs related to the tategory. Irrecoverable VAT is charged against thp C3tOry of resources expended for whicb, it was incurr Contlngent Liabilsties and Provisions In accordance with the SORP, a contr"ngent liability is di5clo8ed for those grants. which do not represent liabilities, where the possible obligation. which arises from past event5, wll onty be confimi*Y by the occurrence of one or more uncertain future events not wholly within the trustees, contrcl. Provisions are recognise(5 for those grants where there is uncertainty as to the timing or amount. and any uncertainty regarding the amount is more than one of determining a basis for reasonable eStiman of the liabiltty arising from that constructive obli9ation. Charitable status and tsxation As a registered Charity. the company benefits from rates, relief and is generally exempt from income lax and corporation tax. The charitri Is not registered for value added tax.
Page g All Saint5 Children's Ventures (Limlted by Guarantee) Notes to the Flnancial Statements for tho yèar ended 31st August, 2024 TOTAL Unrestricted Re$trlct8d 2024 Funds Funds Unrestricted Restricted Funds Funds TOTAL 2023 INCOME FROM: 2 Investments Dividends and interest (including any reclaimed tax).. on cash deposits 2,585 2,585 2,585 1,598 1,598 1,598 3 Charltsble actlvltl•8 Childcare fees Early Years Education Funding Other Grants Fundraising Volunteer Labour Uniform Sales Miscellaeous income 178,241 119,776 178.241 119,776 7,581 253 133,168 95,864 133,168 95,864 500 421 12,000 7,581 500 253 421 12.000 1,565 439 1,565 439 307,855 264 229.7 264 24 EXPENDITURE ON: 4 Charitable 8ctivrtie8 Wages and salaries Employers National Insurance Stsff pension costs Agency wages costs Staff uniforms and training costs Children'5 Uniforms Marketing and advertislng Recruitment costs Rent payable Insiirance Cleaning and waste disposal Repairs and maintenancè Telephone & internet Activity supplies Computers and Soare Refreshments Legal and professional feos Printing, postage and ststionery Motor and travel expenses Bank charges Subscriptions Bad clebt write off Sundries Independent examination CCTV System Extension of 2 Year old Provision Outdoor Play Area Slaffroorn costs 198,127 5,178 3.065 286 1,993 1,197 987 536 28,106 1,856 580 340 955 5,381 203,508 5,178 3,065 286 1,993 1,197 1,167 536 28,106 1.856 580 340 955 5,368 1,138 4,700 520 627 88 715 568 188,349 4,196 2,835 3,889 1,629 186,349 4.196 2,835 3,889 1,629 200 974 841 27,912 1,814 633 275 828 4,450 876 5,809 492 952 53 713 485 338 485 80 974 841 27,912 1,814 633 275 828 4.450 876 5,809 492 952 53 713 465 338 485 80 1,138 4,700 520 627 88 715 568 1,317 80 3,264 157 4,326 1,317 80 3,2611 2,157 4,326 2.000 11,870 1,688 260,466 12,000 500 12,500 23,870 2.188 72.966 266,054 7,581 273,635
Page 10 All Saints Children's Ventures (Limited by Guarantee) Notes to the Financial Statements for the year ended 31st August. 2024 5 Staff Costs 2024 2023 Wage5 and Salaries Social Security Costs Pension Costs 203.508 5,178 3,065 211,751 188,349 4,196 2,835 193,380 The average number of fUltiMe equivalent employees (induding casual and part-time staffj employed by the company during the year was as folloiNs'. 2023 2024 Administration Projects. activities and sessions 13 15 13 During the year the charity employed members of staff as detailed above. None12023. None) of whom. earned more than £60,000 p.a_ The trknstees received £Nil remufii eratLI[202j". £Nill during the year. Trustees were reimbursed travelling and subsistence expenses of £Nil12023.' £Nill for the year. There were no other discloseable transact.ons in respect of *wstees, persons c105ety tnnected with them or other related parties 6 Penslons The company operates a NEST defined contributr.on schemes in respect of employees. The scheme and il's assets are held by independeni managets. The pension charge represents contn'butions due from the company and amounte(J to £3065 12023: Pa8351. 7 Debtors: 2024 2023 Tr8de debtors Prepayments and accrued income 8 Liabilities: Amounts falling due within one year 2024 2023 Trade Creditors Other taxes and social securty costs Acciuals and deferred income 1,039 1,622 51,267 1,257 1,416 24,589 53,928 27.262 9 Analysi9 of Net Assèts by Fund Unre5tr¥cted Restricted Funds Funds Total Current Assets Current Liabilities Liabilities after more than one year 231.361 231,361 153,9281 Fund Balance 117.433 177,433
Page 11 All Salnts Children's Ventures (Llmited by Guarantee) Notes to the Financial Statements for the year ended 31st August, 2024 10 Movement on funds At 18t September 2023 Incoming Reyourc (Inc. galns) At31st August, 2024 Outgoing Resource$ Transfers Unrtstricted f General fund Outdoor Area Fund 140,128 500 302,859 265,554 500 177,433 Totsl unrestricted funds 140,628 302,859 266,054 177,433 Restricted fun arkets'ng Grant Higher Needs Funding 2 Yaar Old Provision 200 5,381 2,000 7.581 200 5,381 2,000 7,581 Totol fund$ 140,628 310,440 273,635 177.433 11 Fund Dots11$ Q)etalls of the various funds held by the charity are as follows.. Name of fund De8crlptlon, natur8 and purp0808 of the fund unrestrted fund General fund Outdooi Aroa Fund Any monies not included in any other fund, This is mongy sgt a51de lo develop the outdoor area. Marketing C?rant Higher Needs Funding 2 Year Old Provision Thls relates to money received towards the marketing thè setting. This lateS to monoy received towards supporting children with Higher Needs. This relates lo money reoeived towards extending the 2 year old off&r. 12 Rèlated Partl•s During the period the eharily paid £13,12312023'. £13,600) to All Saints with Sl Frideswyde PCC a chartty to which some trustees of this charity are related, as mentioned in the trustee's, annual report, 13 Taxatlon As a charity, All Saints Children's Ventures is exempl 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 liabilllies at 31st August, 202412023.. None). 15 Capltal commitmonts The company had no capital commitments at 31st August, 202412023., £Nil l. 16 Mombers. liability The con).pany is limited by guararilee. and. in the event of the winding up of the company, the liability of each member (including those members kvho have served within the previous e1ve months) is limited lo a contribution of £1 towards the cost of dissolution and the liabilities incurred by the charity Mthile the conlribulor was a member.