St Gregory's Child Care Trust the YeKFatsJ 31 2024 Mrs BoDDie Connolly Th¢ Old 5iuithy Stty*toDts GL20 7NT St Cregory's Chlld Care Trust Contents 2to3 Statunutt ofTruA¢d RwL51biliri 8w12 St Gregory'$ Chlld Cgre Trust Referen¢e and Ad￿￿￿￿tra￿ve Detalls Trustees Ch￿lOtte Bl8nch Br¢da Howud Olivii Lin Prlndpil onke St GreBorf8 RC Sehool St J￿¢$ Squate Cheliejtham Glou¢¢st¢r8hir¢ OL50 3QQ 1099491 Ch*rfty ReO8iratlon Number IndepeDdenl ExAmtsb¢T Mrj Bonnie Cowjolly Th¢ Old Smlthy Siockroo's Courtwd Ovtrbury GloucesRr5hire OL20 7NT Pa8¢ 1 St Gregory'i Cblld Care Trust T￿￿te¢s. R¢port Augiwt 2024. Objeetlves ￿ld *ethld Objectsllmd AIN • To educate children wlxi htve llot 8ttatneA the 88e of C￿[￿NIs￿Y e4u¢4kn1 or a￿ aw8i¢ing admisjion to fijll * To C4Te for such childru in th¢ of theirpamts or8uardiall5 the dlildren within ow ¢aff rective an 8nd care thrin8 their time with ￿. We hav¢ Ways ￿Ill￿tI)ed that our c&ildren slKdd rr¢eive outstsnding thtl&¥e bur that it shcdd be a¢¢essibl¢ io all gnd so this k• easts ￿ pmts as low Is PO￿￿1 1¢ O&Jwl¥*s s1r4¢egles￿d4¢ts￿1l¢s Shortly before Covid.19 1+)¢kthn w•¥ the SthiDg wls by Ofsted and acbieved t third 91cce￿1ve 'OutstandinB' iudgonetti in 411 areas and under a Dew frwn¢th - this align8 with the aim to provid¢ th¢ t¢si p￿Ible c4re aDd educ￿1(￿ for the childreD in the ￿ttIng during th¢ir time with us. We are cumily awaiiing the n￿t of5￿1 uwion. Th¢ TrguiaTly S¢If•e¥￿￿3tr ptxtice alld outcome5 and fe¢1 The trus*e5 confinn tha¢ thcy h•v¢ ¢ornplied with the rwiirezt*nts of seui¢)n 17 of the ChaTitie5 Act 201110 have re88rd to the public bu￿fit ￿ndIt￿e publisheA bythe awity and Wale5. FiDand*l review had a surplu5 of £25.903 for the ye4r (£37.768 iti 2023). Totsl hpcome hRs incre￿￿ from JaA year by £39.998. however exp¢odivJr¢ has inttattd by £51163 dye ty the £40.419 5PAt on setting repai￿￿e￿ArbIShrnellt). Total funth at 31 Augwt 2024 *ood at£250.696 (£224.793 in 2023). Struethr4 governante And NtTlure olgvv¢rnbt8 doe#Men¢ Th¢ Tn￿r 1$ 8overned by the Tn￿ De¢4 (Au8 21102). Thi5 dthTts the n￿e$ by Twhith the cbarity is bound and the n￿¢$ withiD Ten￿1￿ tElev•uL St Gregory's Child Care Trurt a150 a Governor on the B0￿d of the attached priti1￿ 9*001 ￿ one 15 the CEO of th¢ Mulii-A¢ademy Tr￿st that the xhool is part of. The third ttw¢e¢ is 4 maoa8u of aoother lot4J ¢bild¢*e sdtin8- thi5 helps EO mainthin stron8 litth5 b¢tWttD th¢ Trt￿ aod the SdK*)I wlL¢ff mauy of th¢ ¢bildrn or th¢ir ling5 a15ts tttend as ￿1] as be¢w¢¢n other neathy a5 of our civi¢ thw. Tn*ee% are awoiDted if th¢rt *t ￿111$ the board boliday ¢illb. A Elleaing is kld b¢t*wA the Ma¥ aDd Trustees ¢¢rndy . this mtttiti8 enable5 Trustee5 lo suategially dirt the vmhin85 of tbe Tn￿¢ to swrt the Mana8er in hcr OPEr•tional decision5. Th¢ Mzna8¢r is ably A4iSted by Roott￿Area LAdu5 aDd a Deputy. Tlw e•th bave a 5pxifie numbtr of of the or8ani5atio their tiine with ￿ Staff turnover is rclativety low * 15% in 2024. RectuitmeDt re*ntion of staff is a key obje¢iiv¢ ¢yn¢ntty atts4 tbks is kniDg SUppo￿bY pay stsff as ttvxb os adhwing to o Tntsi Deed ￿ Ibat thtte 8Te excelleDI CPD OFgortiJD5ti¢s to 4y w &te&%e the cost of recrnitmettL The Tn •*ploys a MandariD leach another l•o8ua8e to tyr children atbj a spttielist musi¢ ¢ea¢her who leads mus¥¢ s¢ssiot)s. The Tnwt ajso beTrefits from the of 4 volunteer5 each of •re I￿ped by us to develop th¢ir owi skills in readiness for pid allploynxnt . ￿ xe thtj itDPOrtkni w of 8iVifv8 back w th• comtnunity in wht¢h ￿ work. St Gregory'$ Chlld Care Tru Stat¢mtDt of Trustees, ResponslblUII appli¢abl¢ law and regulatiofys. The ITh ¥pliubl¢ to ¢huitiex rwiirts the trus*¢5 finan￿] ¢•ch fin2n¢iil yw whi¢h 'v¢ A uy¢ and fatr view of the stst¢ of affain of th¢ chwity of th¢ ineomin8 rtsourt# •Dd applic81ion of reEource5 of the dmrity for thftt perioL In prewing these fiThanciai ￿taten￿ts, th¢ rquired ￿.. l¢¢1 iuithble 1¢¢¢￿￿tin8 policies And wly them dE￿i￿¢d explaiDed ID the rm•D¢1￿ sthi¢o)eDls; aod pr¢p•r¢ lh¢ fir￿￿la7 on th¢ CL*Kern bA8iI ii li in•ppropriate to pr¥um¢ th•t th¢ churity will con¢inue in iw8ineu. tim¢ the fin•nci•l position of the ¢hATity Itsd ets￿le them to eD5WE th*t the o•te4neJty comply wlth th• ChBriiiu Aer 2011. th¢ appli￿1¢ awiiies (Aeeounts I￿1 Reponj) R¢&u1￿ the provisions of the ¢onstiDAion. Th¢ •r¢ also reSP￿sIble for *ss¢ts of th¢ ¢h•xiry •Ad heuc¢ (or tskin8 ApptOV4d by th¢ tru#ees of the ¢barity on M8tie4 OA its beh￿f by. ch￿10￿¢ Bl•n¢b Tru￿ee St Gregor)"s Child Care Trust Independent Examiner's Report to the trustees of St Gregory's Child Care Trust I report 10 the charity ￿￿Te¢S on rny ¢xaminatioti of the accouThts of the chariry for th¢ ye2r ended 31 Au8￿S1 7024 which are out otspages 6 to 12. Resptctive responsibilitie5 of trusteu es#min¢r As the chariry's U￿SieeS of Si Grryotys Child Car¢ Tru51 you aFe responsible for the preparation of Ibe accoun15 in ¥cordanc¢ with the requiTemthts of Ibe Charities Ac120I I I'the Acl'l. I report tn respect of my examirwtion of the St Gregtyys Child Care Tr￿tr$ accounts carried out under 5ectiOIJ 145 of tlie 2011 Ati and in ¢atryin8 ou¢ my examinagion I have followed all the applicable Direc120ns given by the Chanty Commission under seaion l45{5llbl of the ACL Indcpendcni ¢xamlmer's siaiemenr Since Si Greuory's Child Car¢ Tru51'S gross iijtome exceeded £250,000 your examincr TThUSt b¢ a munber of a body listed in section 145 of th¢ 2011 Act. I coDfum that l am quaiifjed (o uDdertake the examinafiofL bccau5e I am 3 ffletnber of ACA. 1vkn.ch is olle olthe listed bodies. I hai'e completed my examina150EJ. I confirm thai no maierial matters have come w my attention in ¢onJ)cctio Iviih the exatninaiion giving me Ca￿Se io believe Ihat in any material r¢spectr. accouDtiD8 reeords were noi kepi LD T¢Sp￿t of Si GTegoWs Chik] Care Tru51 as r¢quir¢d by 5￿tion 130 of the Aci. or 2. thc uccounts do O¢¢OTd with those records. or 3. the aeeouttts do ttoi comply ii'ith the 8ccourLting r¢quiTerDepts concernLllS Ibe form and cottient ofaccounts Set OUT its the Charitres {Aetouttis and Leponsl Regulauons 21X)8 othei Tbwt any requiremeJ]i thai Ihc accounts give a 'tru¢ 2nd fttir view wbich i% tsoi a maller coLsidered as porn of an indepeodeni examioaiion. I have no concerns and hav¢ coytLe across no oihcr mau¢rs in corLllccii(kD with the exa]nitsatiort 10 which al￿￿tIon sliould be dTaw) in this rcport in order to enable a proper undcrstanding of the accounts to be reached. onnie Connolly ACA Arubus Chartered Accountants The Old Smithy Slockton's Courtyard Ql'erbury Gloucemershire GL20 7NT D3te'. 1218 10025 Pw5 St Cregory's Child Care Trust Statement of Flnandal Acdvltles for the Year End¢d 31 August 2024 Unrutrlcted fumdi Total 2024 Total 2023 Note ID¢ome #tsd EttdDwm¢Dts fro DonaiioD8 and le88Ci Charithble a¢liviti¢s InvestsrKnt hn¢om¢ Other income 1.000 473.849 509,798 4.935 21JO 509.798 4.935 86 Total iDcome 514933 314933 474.935 Expendlture on: Ra￿1￿8 ch￿1¢¥b￿ 4¢uviii (J.161) {3,161) 485 869 {804) 436,363 Tothl ¢xp¢nditswe Nei rnovernt in ffijt 489.030 489 030 437.167 25,903 25,903 37,768 R¢¢on¢lM*thill of funlts Tatsl brought fomrd Total fvndg ¢￿1¢d forn￿rd 224,793 l87 025 250 696 224 793 All of th¢ charityts •ctIviti￿ d¢riv¢ from ¢on¢lnyin8 opertlo￿ during the ibov¢ Nvo pthoth. Th¢ f*Jnth br¢4kdown for 2023 1$ Shown in tK*te. Pa8e 6 St Gregory'i Cbild Cxre Trnst IReglthtfion number: 1099491) BalAn¢e Sheet as at 31 August 2024 107A 2023 N•te Tan8ible a¥e 43.953 1.481 CurreJEt 10.805 10.741 224.648 Cash •tbank thd in 211.646 235J89 Creoltors." f*llthi due wlthth y¢Ar N¢t ¢wrr•J¢ W¢ll 206.743 ￿12 224,793 Net ofth• eharlty: Unrutrleted Ine•oK f¥nth 250,696 224,793 TOMI Th¢ fin . •nd on their beh￿t br. IV14 Lin Trustee St Gregory's Chlld Care Trust Notes to the FlnAndal Ststements for the YeAr Ended 31 August 2024 l A¢¢oyntln8 pollcl ststem¢Dt of compll4nce The fin￿Cial statem¢uts hav¢ b¢¢n prnpared in ￿0rd*￿t with A￿0￿￿ting Reporting by chariti￿.. St8tement of Retomrnended Pra¢ti¢¢ 8ppli¢abl¢ to chorities pr¢paring th¢ir 8¢¢oynts in accordance with the FiDaLcial Repotting Standard applicabl¢ in the UK ond R¢public of Itrlalld IFRS 102) (eff¢¢tivo l Jatsuary 2015) - (Chafities SOR￿ (FRS 102)), the FitiwwiAI Repottin8 Sthndud 4JpIic8ble ID the LIK aud Republic of tY¢lond (FRS 102) •nd th¢ Cbviti¢s Acr 2011. B9811 of pr¢p•rAtlon St Grryorfi Child Cwe Tn￿1 meets the defmition of a public b¢n¢fi¢ ¢ntity UDder FRS 102. ABS¢¢8 4nd liAbililiN Aré inilially rtcogois¢d at historf￿1 w8t or tsBni•etion v￿u¢ uThl¢88 otherwiie Btated th the relevani ac¢oiiniin8 policy notes. Exempdon from prepArlDi a cash flow JlBtety¢nt The clwrity opted to early adopt Bulletio I publish¢d on 2 F¢bnwy 2016 have th¢rnfoTe Dot ltycluded i ¢ash tlow •thkmeb)¢ in th¢J¢ fillanclai 8tilemen Golng ¢oN¢•r The trusieu consld¢r th¢r¢ w¢ no rn•t¢rknl un¢¢rt•inii¢8 about th¢ ¢hthtyi Ablllty io ￿n¢InUe u R 8oin ¢onvm. Exp¢ndlMr* All expenditure hs reeoptsed onco th¢R is A le8ai or eonstswctive obligation to that expendiiUf¢, li il probjble s¢ttl¢rnent 1$ Tequired and the omoun¢ be mtswred reliably. All ¢0sts 8re aJlo¢ited ¢0 the applicable ¢xp¢nditwe headiD8 that OBW88ts 6imil•r ¢osts to that Category. Wher• b¢ dinetly 8ttrlbu*d P•rfl¢Ul￿ IKadin8s they have beEn ailouied on a ba8i¥ COnSislent with the use of NOUrC￿. with ¢¢ntrai $tAff ¢osts •llo¢aied on the buis of tirne SP¢tt4 ￿ depreciarion Allo¢Ated on lh¢ portlon of the wet'8 11 Other support costs ailc¢Jted hsed on the Bpr¢ad of staff costs. Rolxln¥/unds These ¢0$￿ in¢urr¢d ID attra¢titts Yoluntyry i￿01￿e. the m*nAgemeni of investments and th0￿ its¢u￿¢d in tradini A¢dvities rni8e funds. Ch4Aiable Acdvltl¢y Chjritsble expendi￿re CDrnpris¢s th06e ¢0518 incurr¢d by the ¢h8rity in the delivery of its 4¢tivitieo 8nd service8 for its ben¢fi¢iariu. It includ¢s both Costs thLt can bc tlle¢8t¢d dirKdy to •uth Bctivities artd thos¢ ¢os$ of an indir¢¢i nAtur¢ nec¢8¥ary to support th¢DL Governin¢e ¢N Thes¢ include the cosm irributable to the ch￿iry.3 compliaD¢e with eonsilcuilonal ond $￿rut0ry requir¢m¢nts. Lneluding audiL str•te8iC thAn￿ement trustees's meetings and t¢imbwwa expenses. St Gregory's Child Care Trust Note5 to the Fkn#ndal Ststements for the Ye•r Ended 31 August 2024 Th¢ charity 1$ considered to Ihe oul ift Par18T￿h I S¢heJuk 6 of the Yinance Act 2010 the￿rore it me¢ts the d¢finiriw of a clL*ritsble for UK i*x purposes. A¢￿Idingly. the ¢harity is potentiAlly exempi fml tsmiioo in t¢Jtrtt of income or ¢•pityl gAiDS rtteived withitl ulr8ories covered by Chap￿ 3 Part I l of the Corporntioll Tax kn 2010 or ￿110￿ 256 of the Tax•tion of Ch8rgeabl¢ Gal￿ A¢t 1992, to the exteoi that ioctffne orkatiu ue •ppii¢d ¢xdusively to ¢knritsbh T*llglble Ilx•d ￿ett D¢prtcladon Ind AmordMdon Deprteliiion is pmvided on tan8ibk f￿¢4 •#¢ts VJ u lo write off the ¢ort or l¢M any eJlimthl D¢pred#tlon ttxthod raté FiKMre8, Fittillp & Equtpwl Cuts •nd ¢q￿1VIl￿￿ Cash ¢uh equiv4knty MmwbE on hATO •nd ull ToII eosts *%r¢ ¥ follows.. 2024 20Z3 Staff costs dorlllg tb¢ year were: Wag¢$ and ￿larIeS Social 5¢¢urity P¢Dsis)n costs Other $raff costs 328.320 10.848 4.689 499 321564 10,660 4.405 1286 344.356 337 913 The monthly average Tlumber of pernons (ill¢knding s¢nior management team) employ¢d by the eharity dwing the ytsr ¢xpressed as fidl til￿ ¢quivalenrs was as follows: 2024 No 2023 Child¢Ar¢ Adminisirdti¢)n 23 23 25 25 No employ¢e received etnolum¢rts of more thaD £60.000 dwin8 the y¢Br Pase 11 St Gregory'$ Child Care Trust Not¢8 to the Fln*kn¢121 Stht¢meDts for the Year Ended 31 August 2024 5 T*xAtlon O T•ttglbk fixed as*ts Fornlture #nd ulpjnent COSE At I Sepianb¢r 2023 Additions 74.676 74,676 53.660 At 31 2024 128.336 128J36 Depre¢l*do At I SwembeT 2023 Char8e for the y¢ar At 31 Awst 2024 73.195 11.188 73.195 11.188 84,383 Net book vglue 31 Augus¢ 2024 43 53 43.953 At 31 August 2023 1.481 1,481 7 1)ebton 2023 PrepaJmKnts 10.805 10,741 8 Credlt•rs: f*llltsg dM¢ wllhlu omeyur 3024 23 3599 104 9,804 1,073 1200 IL077 9 Pen51oll •therxhtmts Defjned ¢ontrlbudoa pc4*1on s¢he ¢ODtriburioThs p•yable by the cbatity to the xl%m¢ wl to £4.689 {2023. fA.405J. P•8¢ 12 St Gregorfs Chlld C•re Tnut Detslled Ststement of Fin*n¢tsl Acdvltles for the Yw Ended 31 August 2024 TDt*l 2024 Total 2023 ID¢Onh¢ And Endowm¢*ts fr• Donaiions and le8acies (In￿ySed below) Charit•ble activitiea llnaiysed below) InvesttD¢nt in¢ome (arwjyaed bdow) Other incom¢ (•th￿y￿1 bel¢>w) 509.798 4.935 200 473.849 86 Tolal itico 514.933 474.933 Expendltsre OD: ising thods below) Cknithbl¢ g¢tiviuvJ lanaiyxd ￿lOw) (3.1611 {804) 436 363 Totsl expendipJr¢ 437.167 N¢t income 37,768 25.903 37,768 Rt¢ondU•tlon •f fvnds TOMI funth brwKht fonvard 224,793 187.025 P•8¢ 13 St Gregory's Child Care Trust Detailed St&tement of Financi￿ Artlvltles for the Year Ended 31 August 2024 Tot 2024 Tot*1 2023 DoNatsons and1¢￿¢1¢$ Le8acics and kqu¢51J 1.000 Chttrlt&ble ddivltie5 Sales 509,798 473,849 473 849 ]nier¢st onc&th de￿its 4,935 Othw in¢m¢ Othtt incom¢ 86 200 86 RalsiH8fund5 Sthff training 804 804 Ch4ptr4bl¢ acllvlli Direei Expenses Wages and salaries Staff NIC (Ernploy¢rs) Stsff pensLOn5 (Defuwj ¢ot)tT¢butioD)- p¢nsLon 8¢ILeme I casu￿ w Stsff ￿lf$ R¢llt (47,580) (327.563) (10.848) (4.6891 (757) (l481 (15,000) (50.102) 1318J47) (10,660) (4.405) (3217) (15.000) (117) (2217) (2.2421 (2.645) (3,772) {2.038} 13301 11.649> {10.997> Insurance Rcpairs reKw81$ Offic¢ ¢xpenses {2.4021 (40.4191 {2,437) (5,0021 (2.083) Trnd¢ subs¢riptions charL￿ble doDatitsns Sundry expenses (1,903} (8,792) Motor ¢xpen8e5 Advertising Staff entertaining (allowable for tax) AccouDtsncy fees Legal and professio￿] ftts {53} (351) (13001 (3388} (9001 11,2861 11.200> (1,927) Pw14 St Gregory's Chlld Care Trust Detslled Statement of Flnancial Aedvttlei for the Year Ended 31 August 2024 Total 2024 Total 2023 Bank ¢hary$ Other ititerest payable DepteGiation ofpl8nt Jud macbill (60) (6) 11.188) (87) (3.194 436,363 (485.869 Pag¢ 15