**Charity registration number 1102811**
## **ST MICHAEL'S FAMILY CENTRE**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **ST MICHAEL'S FAMILY CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J Watts|
|---|---|
||J Nowrung|
||L Hartley|
||K LeServe|
|**Charity number**|1102811|
|**Principal address**|Saddlebow Road|
||Kings Lynn|
||Norfolk|
||England|
||PE30 5BN|
|**Independent examiner**|Sotos Christophi FCCA|
||Aston Shaw Limited|
||Chartered Certified Accountants|
||The Union Building, 51-59 Rose Lane|
||Norwich|
||Norfolk|
||England|
||NR1 1BY|
## **ST MICHAEL'S FAMILY CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 19|
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
## **Core aim and ethos of St Michael’s Family Centre:**
We aim to offer a safe and secure environment for all children, in which they will be offered a wide range of opportunities to learn through play. Enthusiastic staff will give the children opportunities to be creative, imaginative and to develop physical skills. We have a wide range of activities and equipment to suit all ages and interests.
The children will be empowered to extend and develop their skills and confidence in a caring supportive framework.
## **‘Playing and learning together’**
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
_Significant activities and achievements against objectives_
## **Major achievements and developments:**
_**During this academic year we have seen more confidence in children attending the family centre however still experienced a reduction in children attending particularly in our Church Lane and the newly opened St Clements site. We are proud to be able to celebrate that the Terrington St Clements site had their first OFSTED inspection in July 2024 resulting in a Good Outcome.**_
_**Child attendance has many implications for revenue and spending with less revenue being generated spending has needed to be reviewed to ensure that we are able to provide a sustainable future. The committee have continued to be pro-active with many decisions needing to be made to ensure the sustainability of the charity, other sources of funding are being explored for example one off grants to ensure that development of quality early years and education is maintained. Well-being of both staff and children has been at the fore-front of thinking and positive actions have been taken to ensure that everyone has felt safe and valued.**_
- 1 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Major achievements in childcare:**
- We have continued with the use of Tapestry to document and record the children’s learning in all areas of the early years provision and this well received by parents as it allows ease of access to children learning and development.
- All staff have had the opportunity to participate in INSET training – plus making use of the government recovery programs.
- Staff have updated relevant mandatory qualifications – including risk assessment, first aid, moving and handling, and safeguarding with sessions on the latest requirements and legislation.
- Continued to embed a unified approach and ethos across the three sites to promote the core ethos of the Charity as St Michael’s Family Centre.
## **Church Lane** :
Supporting children’s’ communication and language skills has been the focus at all of our centres including Church Lane. Research has found that the numbers of young children in the East of England failing to meet their milestones in this area has increased. As such, we have sourced and facilitated additional staff training that focus on the prime areas of learning but in particularly promoting children’s communication and language development. This includes sourcing and implementing new methods of assessing all children communication and language levels. We have also increased our ‘lending library’ to assist parents in supporting their children’s communication and language development at home. In addition, we have been providing activities for parents to share with their children during the holiday periods to help children to receive consistency in their learning.
## **Saddlebow Road:**
Staff at Saddlebow Road has continued to develop and support the children’s speech and language development as well as reflect and develop practice with staff attending training and other events to further this aim. Grants have been used effectively to support and enable enhanced learning activities to take place for some of our most vulnerable children including take home learning packs to focus on health, well-being and dental care. Staff recruitment has taken place as some staff have moved onto pastures new and others gone onto Mat leave.
## **St Clements:**
As stated above OfSTED completed their first inspection in July 2024 which resulted in a Good Outcome which was a brilliant achievement and reflects the efforts the staff have made with embedding good practice into the day to day running of the centre.
- 2 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Staff report and update:**
## **Childcare Staff team St Michael’s Family Centre confirmed for the period September 2023 - 2024:**
Registered Person - Jeanette Nowrung and setting SENCO/SLP Administrator - Lynn Glencross (part time - term time only)
## **Saddlebow Road**
_Early Years Professionals: (Saddlebow Road)_
- Paula Reed (full time Early Years Lead Barn Owls) setting ENCO/DSLP
- Jackie Smith (full time Early Years Lead for the Snowy and Wise Owls) DSLP
Hannah Palmer Tiny Owls (Full Time) Imogen Luker Tiny Owls (Full Time/Term Time - left July 2024) Mia Dickerson Tiny Owls (Full Time/Term Time) Alana Brearley Barn Owls (Full Time/Term time - left July 2024 Lauren Dearsley Barn Owls (Full Time) Amy Elton Snowy Owls (full time) Nicole Adler Snowy Owls (full time term time – returned from Mat leave Sept 23) Senior Play-worker Jill Watson (Part Time) Thrive coordinator Tracey Rudd (Full Time)
## **Church Lane**
_Early Years Professional: (Church Lane)_
- Louise Harris (Early Years Lead term time only) SENCO/SLP
Amy Ellwood: Tiny/Baby Owls lead (Full Time/Term Time) Jade Jones Tiny Owls (Part Time/Term Time) Hanna Yate: Little Owls Lead (Part Time/Term Time) Leanne Brassett: Little Owls (Part Time/Term Time) Leanne Pledger: Little Owls (Part Time/Term Time) Catherine Ward: Tawny Owls (Part Time/Term Time) Becky Mills: Tawny Owls (Part Time/Term Time) Nov 22
## **St Clements**
_Early Years Professional: (St Clements)_
- Holly Melton Forest Owls Early Years Lead – SLP (Full Time/Term Time)
Jessica Simpson Forest Owls (Full Time) _**Support Staff**_ Jon Wells (ICT support)
- 3 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Charity Funding raising for the year 2023 - 2024:**
The staff and children have been busy yet again raising funds for those less fortunate in the local and wider community and have supported the following national and local events:
BBC Children in Need Christmas Raffle (to support a child in hospital)
NSPCC Christmas Jumper day The Food bank
## **Partnership working:**
## **Local nurseries and community organisations:**
The family Centre has continued to work in partnership with other local nurseries in the community to ensure that services are available for those most in need. This includes but not limited to signposting children and families to other providers to meet the needs and demands of the child and family.
## **Local health team:**
The childcare staff also have regular dialog with the local health team to plan and implement learning activities for those most in need as well as plan integrated reviews for the children (EYFS 2 year reviews/checks).
## **Financial review**
The accounts have been finalised for the year and independently examined by Aston Shaw, copy attached to this report.
We have continued to claim funds for 2, 3 and 4 year olds. This means that the term after child is 3 years old they are entitled to 15 hours for funded sessions which we claim from Norfolk County Council Education department. A number of children are funded via the Norfolk County Council 2 year funded scheme. Furthermore, we have children that are in receipt of the government 30 hour funding. It has been noticeable that during the year that the numbers of children attending has been reduced. This is attributed to a low birth rate year for our school leaver cohort combined with changes in parents working situations as more parents are working from home for some of their working hours reducing the need for childcare.
Finances have been an ongoing area of attention during the year; with secure and robust evaluation of cash flow resulting in reductions in spending. It was evident very early on in the year that revenue would be significantly reduced as many children stopped attending and numbers returning for the school year were not as high as expected. Grants to the NCC Community Fund have been made to support the development of practice and enhance the learning for the children with successful bids for both Church Lane, Terrington St Clements and Saddlebow Road.
The staff have been very supportive of the financial pressures and their support and agreements with some tricky and difficult decisions to ensure cost effective service has been brilliant. Staff wages reviewed and increased in line with recommendations for minimum wage and the national living wage.
## **Hardship/family Support fund:**
The Charity has continued to offer some of our most in need families services by continuing with the hardship/family support fund whereby a ‘restricted fund’ has been set up to allow us to be able to support children to attend that under normal circumstances would not be able to. During the academic year 4 families were supported via this fund.
- 4 -
ST MICHAEL'S FAMILY CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves policy
Restricted Early Years Pupil Funding: Families in receipt of the EYPP have benefited from having the tennly
government vouchers to support their rising cost of living. We have used the additional funding received for these
hildren to support Ihe inlervention of targeted support to include but nol limited to:
Welcomm interventions
Additional staffing to support activities for example cooking, music and movement sessions, community trips and
learning events.
Restricted SEN funding has been used to support those with specific learning to offer enhanced learning materials
and activities.
Stru¢ture, governan¢e and management
The charity is controlled by its governing document, a deed of trust and constltutes an unincorporated charity.
Comrnittee confirnied as:
Jean8tt8 Nowrung
Lesley Hartley
Kathryn Leserve
Jasmine Watts
Sasha Courtney-Jenner (Resigned Sept 23)
Kathryn Leserve Isafeguarding lead)
Louise Harris and Paula Reed Islaff represenlalives)
Trustees:
J Watts
J Nowrung
L Hartley
K Leserve
S Courtney-Jenner
(Resigned 1 September 2023)
Recruitment and appointment of truslees
The trustees, report was approved by the Board of Trustees.
J Nowrung
Trusteo
Date..
ST MICHAEL'S FAMILY CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST MICHAEL'S FAMILY CENTRE
I report lo the Iruslees on my examination of the financial statements of Sl Michael's Family Centre (the charilyl for
the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Acl 2011 Ilhe 2011 Act}.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011
Act. In carying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145{5llbl of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceèded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Acl. I confirm that l am qualified to undertake the examination because l am a member of the
Association of Chartered Certified Accounlanls {ACCA). which is one of the listed bodies.
Your attention is drawn to the facl that the charity has prepared financial slalemenls in accordance with Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in Ihe UK and Rèpublic of Ireland IFRS 102} in preference lo the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now bèen
withdrawn.
l understand that this has beén done in order for financial slalements lo provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the financial statements do not accord with thos8 records., or
the financial statements do not comply with the applicable requirements conceming the fonn and content of
accounts sel out in the Charities {Accounls 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.
I have no concerns and have come across no other malt8rs in connection with the examination lo which attention
should be drawn Sn this report in order to enable a proper understanding of the financial statements lo be reached.
Sotos Chrislophl FCCA
Aston Shaw Limited
Chartered Certified Accountants
The Union Building, 51-59 Rose Lane
Norwich
Norfolk
NR1 1BY
England
Dated..
161011?025
## **ST MICHAEL'S FAMILY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
43
8,304
Charitable activities
**4**
433,192
11,027
Other trading activities
**5**
6,131
-
**Total income**
439,366
19,331
**Expenditure on:**
Charitable activities
**6**
467,191
16,262
**Total expenditure**
467,191
16,262
**Net income/(expenditure)**
(27,825)
3,069
Transfers between
funds
(3,040)
3,040
**Net movement in**
**funds**
**8**
(30,865)
6,109
**Reconciliation of funds:**
Fund balances at 1 April 2023
818,586
(3,190)
**Fund balances at 31 March**
**2024**
787,721
2,919|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
8,347
83
17,850
444,219
401,485
14,427
6,131
1,090
-
458,697
402,658
32,277
483,453
392,257
34,011
483,453
392,257
34,011
(24,756)
10,401
(1,734)
-
-
-
(24,756)
10,401
(1,734)
815,396
808,185
(1,456)
790,640
818,586
(3,190)|**Total**
**2023**
**£**
17,933
415,912
1,090|
|---|---|---|
|||434,935
426,268|
|||426,268|
|||8,667
-|
|||8,667
806,729|
|||815,396|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7 -
ST MICHAEL'S FAMILY CENTRE
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
160,640
161,749
Current assets
Debtors
Cash at bank and in hand
13
22,360
635,123
22,120
648,691
Croditors: amounts falllng duo wlthln
one year
657,483
670,811
14
{27,483)
(17,164)
Net current assets
630,000
653,647
Total assets less currant liabilltlos
790,640
815.396
Net assets oxcludlng pension liablllty
790,640
815.396
The funds of the ¢harlty
Restricted income funds
Unrestricted funds
16
2.919
787,721
{3,190)
818,586
790,640
815,398
The financial statements were approved by the trustees on 11 . 12 . ILI
J Nowrun9
Trustéo
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
St Michael's Family Centre is a unincorporated charity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property 1% on straight line Nursery equipment 25% on reducing balance Office equipment 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 10 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 11 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Early Years Professional Development - EYPDP Fund
-
1,200
Teachers Pay Additional Grant - TPAG Fund
-
514
Dental Health - DECAN Funding
-
4,917
Norfolk Community Fund - Freebridge
-
-
Other Income
43
-
First aid training fund
-
673
Early Childhood Community Fund
-
-
Apprenticeship Incentive
-
1,000
43
8,304|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
1,200
-
-
514
-
-
4,917
-
630
-
-
500
43
83
-
673
-
-
-
-
132
1,000
-
3,500
8,347
83
4,762|Total
2023
£
-
-
630
500
83
-
132
3,500|
|---|---|---|
|||4,845|
- 12 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **4 Income from charitable activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Norfolk County Council
Funding
253,381
11,027
Childcare Fees
176,911
-
Family Support Childcare
Fees
2,335
-
Additional Support for
Nursery Fees
565
-
433,192
11,027|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
264,408
233,097
14,427
176,911
164,725
-
2,335
2,363
-
565
1,300
-
444,219
401,485
14,427|**Total**
**2023**
**£**
247,524
164,725
2,363
1,300|
|---|---|---|
|||415,912|
## **5 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Deposit account interest|6,131|1,090|
- 13 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Charitable activities**
|Staff costs
Depreciation
Water rates
Insurance
Light and heat
Telephone
Office running costs
Sundries
Repairs and renewals
Training
Cleaning
Nappy collection
Lunch club
Operation fees
Additional Support for Nursery Fees
Bad debts
Legal and professional fees
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds
**7**
**Support costs allocated to activities**
Governance costs
**Governance costs comprise:**
Independent Examination fees||**Total**
**2024**
**£**
412,376
3,908
783
3,499
19,060
2,467
5,703
1,577
18,114
2,364
4,255
1,717
2,015
2,316
565
226
475
481,420
2,033
483,453
467,191
16,262
483,453
**2024**
**£**
2,033
**2024**
**£**
2,033
2,033|**Total**
**2023**
**£**
344,167
3,484
1,514
3,792
12,960
1,990
5,753
1,255
31,865
2,634
4,328
1,991
2,682
2,352
1,300
174
2,575|
|---|---|---|---|
||||424,816
1,452|
||||426,268|
||||392,257
34,011|
||||426,268|
||||**2023**
**£**
1,452|
||||**2023**
**£**
1,452|
||||1,452|
- 14 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**8**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|3,907|3,483|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Other pension costs|**2024**
**Number**
23
**2024**
**£**
394,579
17,797
412,376|**2023**
**Number**
21|
|---|---|---|
|||**2023**
**£**
328,466
15,701|
|||344,167|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 15 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**12**
**Tangible fixed assets**
**Freehold**
**property**
**Nursery**
**equipment**
**£**
**£**
**Cost**
At 1 April 2023
167,451
14,055
Additions
-
348
At 31 March 2024
167,451
14,403
**Depreciation and impairment**
At 1 April 2023
14,053
12,527
Depreciation charged in the year
1,674
425
At 31 March 2024
15,727
12,952
**Carrying amount**
At 31 March 2024
151,724
1,451
At 31 March 2023
153,397
1,528
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
**14**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**15**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**Office**
**equipment**
**£**
19,329
2,449
21,778
12,505
1,808
14,313
7,465
6,824
**2024**
**£**
22,371
(11)
22,360
**2024**
**£**
4,778
13,520
5,023
4,162
27,483
**2024**
**£**
17,797|**Total**
**£**
200,835
2,797|
|---|---|---|
|||203,632|
|||39,085
3,907|
|||42,992|
|||160,640|
|||161,749|
|||**2023**
**£**
22,088
32|
|||22,120|
|||**2023**
**£**
2,655
324
3,990
10,195|
|||17,164|
|||**2023**
**£**
15,701|
- 16 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **15 Retirement benefit schemes**
**(Continued)**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 17 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **16 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 April 2022**|**resources**|**expended**|**1 April 2023**|**resources**|**expended**||**31 March 2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Early Years Send Funding|-|7,917|(7,917)|-|5,720|(5,720)|-|-|
|Early Years Pupil Premium|-|6,509|(6,542)|(33)|5,308|(7,928)|2,653|-|
|Early Childhood Community Fund|45|-|(55)|(10)|-|-|10|-|
|First Aid Training Fund|-|132|(805)|(673)|673|-|-|-|
|Apprenticeship Incentive|-|3,500|(3,500)|-|1,000|(1,000)|-|-|
|Dental Health - DECAN Funding|-|630|(935)|(305)|-|-|305|-|
|Norfolk Community Fund - Freebridge|-|500|(502)|(2)|-|-|2|-|
|Project 2|-|-|(67)|(67)|-|-|67|-|
|Norfolk County Council - Quality & Inclusion Fund|-|3,088|(3,091)|(3)|-|-|3|-|
|Norfolk County Council - Development Grant|(1,501)|10,000|(10,596)|(2,097)|-|3,500|-|1,403|
|Early Years Professional Development - EYPDP Fund|-|-|-|-|1,200|(1,200)|-|-|
|Teachers Pay Additional Grant - TPAG Fund|-|-|-|-|513|(513)|-|-|
|Decan Funding 2023|-|-|-|-|4,917|(3,401)|-|1,516|
||(1,456)|32,276|(34,010)|(3,190)|19,331|(16,262)|3,040|2,919|
- 18 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
160,640
-
Current assets/(liabilities)
627,081
2,919
787,721
2,919
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 March 2023:**
Tangible assets
161,749
-
Current assets/(liabilities)
656,837
(3,190)
818,586
(3,190)|**Total**
**2024**
**£**
160,640
630,000|
|---|---|
||790,640|
||**Total**
**2023**
**£**
161,749
653,647|
||815,396|
## **18 Designated funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|
||**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**||**Balance at**|
||**resources**|**expended**|**1 April 2023**|**resources**|**expended**|**31**|**March 2024**|
||**£**|**£**|**£**|**£**|**£**||**£**|
|Additional Support for||||||||
|Nursery Fees|1,300|(1,300)|-|565|(565)||-|
||1,300|(1,300)|-|565|(565)||-|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 19 -