**Charity registration number 1102811 (England and Wales)**
## **ST MICHAEL'S FAMILY CENTRE**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **ST MICHAEL'S FAMILY CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J Watts||
|---|---|---|
||J Nowrung||
||L Hartley||
||P Watson|(Appointed 1 September|
|||2025)|
|**Charity number (England and Wales)**|1102811||
|**Principal address**|Saddlebow Road||
||Kings Lynn||
||Norfolk||
||England||
||PE30 5BN||
|**Independent examiner**|Lynn Mandari ACCA||
||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 - 18|
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
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**
## **Major achievements and developments:**
_**Throughout the past year attendance and confidence in childcare has been on the rise with Saddlebow Road being at capacity for the staffing levels and Church Lane and Terrington having growing numbers of children attending. This has come about with differing issues as income generation has been at the fore of thinking to enable a sustainable service to be offered. The implementation of the 15 hours of funding for working parents from 9 months has helped with this and made providing for this age range more sustainable. It has been noticeable that more parents are seeking childcare from 9 months to enable them to return to work however despite having demand being able to recruit suitable staff has been tricky and as such numbers attending have had to be capped to allow us to maintain the requirements of the EYFS.**_
## _**Major achievements in childcare:**_
- The use of Tapestry to document and record the children’s learning is ongoing in all areas of the early years provision and is 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
- Staff have updated relevant mandatory qualifications – including risk assessment, first aid, moving and handling, and safeguarding with sessions on the latest requirements and legislation.
- Embed a unified approach and ethos across the three sites to promote the core ethos of the Charity as St Michael’s Family Centre.
- OfSTED inspected Terrington St Clements judging the setting as Good – well done to staff for this achievement.
- 1 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Church Lane** :
The outdoor provision at Church Lane has been an area of ongoing review with plans in place to provide a more exciting and stimulating environment to meet the needs of the children. Whereby an area specific to the needs of the younger age group is being developed with grants being sort for this purpose. Despite changing situations and having no COVID restrictions children’s attendance has not been at the levels pre COVID, however, staff have continued to develop a reflective practice approach to ensure the highest quality provision is available for service users as they have returned to the childcare and early years provision. Owing to staffing levels and a lack of demand the baby room has been temporally closed, this is under consistent review to ensure that cost effective services offered.
## **Saddlebow Road:**
Saddlebow Road has continued to reflect and develop the quality of services offered, albeit difficult and tricky at times with ongoing staff illness and the residual uncertainty as a result of COVID. 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. We have also established a supervised tooth brushing scheme for our Snowy Owls whereby they are regularly learning about the importance of oral health and participate in cleaning teeth after lunch. The focus for development at Saddlebow Road is the outdoor play and learning environment to ensure that this continues to be an exciting safe and stimulating play and learning area for the children.
## **St Clements:**
St Clements as a relatively newly formed setting has required commitment from staff to plan, organise and deliver high quality care and early education. A grant from NCC has enabled the outdoor area to be revamped to provide a stimulating and exciting outdoor space where quality play and learning can take place. Indeed, the outdoor area has specific areas for growing and observing nature as alongside green space and learning areas. We celebrated the successes of the staff with the first OfSTED inspection taking place in July 2024 whereby a Good judgement was awarded.
## **Staff report and update:**
## **Childcare Staff team St Michael’s Family Centre confirmed for the period September 2024 -2025:**
_Registered Person Administrator:_
Jeanette Nowrung and setting SENCO/SLP Lynn Glencross (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 Mat leave June 24 Becky Bowman Tiny Owls Appointed June 24 Imogen Luker Tiny Owls Left Sept 24 Mia Dickerson Tiny Owls (Completed level 2 Apprenticeship EYP) Lauren Dearsley Barn Owls Leanne Brassett Barn Owls Alana Brearley Barn Owls (Left July 24) Amy Elton Snowy Owls Nicole Adler Snowy Owls (Mat leave) Phoebe Boyd Snowy Owls (Appointed Nov 24)
- 2 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## _**Saddlebow Road (cont..)**_
_Early Years Professionals: (Saddlebow Road)_
Amy Elton Snowy Owls Nicole Adler Snowy Owls (Mat leave) Phoebe Boyd Snowy Owls (Appointed Nov 24) Lottie Veldhuis Wise Owls (completed level 2 EYP – left July 25 Senior Play-worker Jill Watson (part time) Thrive coordinator Tracey Rudd
## _**Church Lane**_
_Early Years Professional: (Church Lane)_
- Louise Harris (Early Years Lead term time only) SENCO/SLP
Amy Ellwood: Baby Owls lead Jade Jones: Baby Owls (Left April 2025) Hanna Yate: Little Owls Lead Becky Mills: Little Owls (Left July 24) Leanne Pledger: Little Owls (Completed level 4 Early Years) Left Nov 24
Catherine Ward: Tawny Owls (Completed level 3 EYE) Karolina Karosaite: Appointed June 24
## _**Terrington St Clements:**_
_Early Years Professional: (St Clements)_
� Holly Melton Forest Owls (Early Years Lead term time only) SLP � Jessica Simpson Full time term time – Mat leave June 24 � Karolina Karosaite Appointed June 24 – moved to Church Lane Sept 24 � Amber Fox Forest Owls Appointed Sept 24
## _**Support Staff**_
Jon Wells (ICT support)
## **Charity Funding raising for the year 2024 - 2025:**
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 The Food Bank Red Noise Day
NSPCC Christmas Jumper day Fund raising for a child in Hospital
- 3 -
## **ST MICHAEL'S FAMILY CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **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 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). Furthermore, for some of our most vulnerable children, staff attend multiagency meetings to ensure that the needs of the children are fully addressed and met this includes children with social care and or emerging or identified SEN needs.
## **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 universal funding for our 2, 3 and 4 year olds. This means that the term after child is 2 years old they are entitled to 15 hours for funded sessions which we claim from Norfolk County Council Education department. Furthermore, we have children that are in receipt of the government working parents 15 or 30 hour funding. It has been noticeable that during the year that the numbers of children attending has increased this is attributed to a higher birth rate year for our school leaver cohort combined with changes in parents working situations as more parents are able to claim the working parents funding.
Finances have been an ongoing area of attention during the year; with the cost of living crisis and rising cost for utilities and other essential resources budgets have been tight and monitored to ensure that we provide a costeffective sustainable service.
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 to purchased resources to promote healthy lifestyles with story sacks being available for children to take home and share with their families.
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 appreciated. Staff wages have been 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.
**Restricted Early Years Pupil Funding** : Families in receipt of the EYPP have benefited from having the termly government vouchers to support their rising cost of living. We have used the additional funding received for these children to support the intervention of targeted support to include but not 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 activities and staff ratio’s.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
- 4 -
ST MICHAEL'S FAMILY CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Committ@8 conflrmed as:
Jeanette Nowrung
Lesley Hartley
Kathryn Leserve (Resigned Feb 2025)
Jasmine Watts
Kathryn Leserve (Safeguarding lead}
Jill Watson and Paula Reed (staff representatives)
Trustees:
J Watts
J Nowrung
L Hartley
K Leserve
P Watson
(Resigned 1 February 2025)
(Appointed 1 September 20251
The Irustees. report was approved by the Board of Trustees.
ecLLottL I£ QJ
J Nowrung
Trustee
Date..
ST MICHAEL'S FAMILY CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST MICHAEL'S FAMILY CENTRE
I report to tha trustses on my examination of the financlal statements of St Michael's Family Centre (the charity) for
the year ended 31 March 2025.
Ro$ponslbilltles and basls of roport
As th8 trust88s of the charity you are r8sponsibl8 for the pr8paration of the financial statements in accordan with
the requirements of the Charities Act 2011.
I report in respect of my examlnation of the charity's financial statements carried out under section 145 of the
Charities Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission
under section 145151{b) of Ihe Charities Act 2011.
Independent gxaminerfs staternont
Since the charity's gross income exceeded £250,000. the independent examiner must be a member of a body listed
in sectton 145 of the Charities Act 2011. 1 confimi that l am qualified to undertake the examination because l am
member of the Association of Chartered Certrfied Accountants IACCA), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the
relevant version of the Statement of Rewmmended Prartice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102} in preference to the Accounting and Reporting by Charities: Statement of R8comrnended Practic8 ISSU8d on 1
Aprfl 2005 which Is referr8d to in the extant regulations bLrt has now been withdrawn. l understand that this has
been done in order for the financlal stslements lo provide a true and fair view in accordance wlth UK Generally
Accepted Accountlng Practice.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me ¢ause to believe that in any materFal respect:
accounting records were not kept in respect of the charity as required by section 130 of the Charitles Act 2011.
the finan¢lal statements do not a¢¢ord with those records., or
the financial statèments do not comply with the applicable requirements conceming the form and content of
financial stat8m8nts set out in the Charlties (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements glve a true and fair view. whlch Is not a matter considered as part of
an independent examination.
I have no concems and have come across no other matters in conne10n wth Ihe examination to which attentlon
should be drawn In this r8POrt In order to enable a proper undersianding of the financial statements to be reached.
Lynn Mandarl ACCA
Aston Shaw Limited
Chartered Certified Accountants
The Union Building, 51-59 Ros8 Lane
Norwich
Norfolk
NR1 1BY
England
Date: .....
## **ST MICHAEL'S FAMILY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
2,126
168
Charitable activities
**4**
573,591
13,805
Other trading activities
**5**
7,065
-
**Total income**
582,782
13,973
**Expenditure on:**
Charitable activities
**6**
468,808
15,746
**Total expenditure**
468,808
15,746
**Net income/(expenditure)**
113,974
(1,773)
Transfers between
funds
-
-
**Net movement in**
**funds**
**8**
113,974
(1,773)
**Reconciliation of funds:**
Fund balances at 1 April 2024
787,721
2,919
**Fund balances at 31 March**
**2025**
901,695
1,146|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
2,294
43
8,304
587,396
433,192
11,027
7,065
6,131
-
596,755
439,366
19,331
484,554
467,191
16,262
484,554
467,191
16,262
112,201
(27,825)
3,069
-
(3,040)
3,040
112,201
(30,865)
6,109
790,640
818,586
(3,190)
902,841
787,721
2,919|**Total**
**2024**
**£**
8,347
444,219
6,131
458,697
483,453
483,453
(24,756)
-
(24,756)
815,396
790,640|
|---|---|---|
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 2025
2025
2024
Notes
Flxed assets
Tangible assets
12
156.736
160,640
Current a55ets
Debtors
Cash at bank and in hand
13
14,265
758.172
22,360
635,123
772,437
657,483
Creditors: amounts falling due within
one year
14
{26,332)
(27,483)
Net currÈnt assets
746,105
630.000
Tolal assets less current liabilities
902,841
790,640
The funds of the charity
Restricted income fvnds
Unrestricted funds
16
18
1,146
901,695
2,919
787,721
902.841
790.640
I£.ID,ZO
The financial statements were approved by the tnjstees on .........................
J Nowrung
Trustee
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **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" 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)". 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. 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 2025**_
## **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 2025**_
## **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 -
##
||Total||2024|£|1,200|514|4,917|43|-|673|1,000|8,347|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Restricted|funds|2024|£|1,200|514|4,917|-|-|673|1,000|8,304|
||Unrestricted|funds|2024|£|-|-|-|43|-|-|-|43|
||**Total**||**2025**|**£**|-|-|-|2,126|168|-|-|2,294|
||**Restricted**|**funds**|**2025**|**£**|-|-|-|-|168|-|-|168|
||**Unrestricted**|**funds**|**2025**|**£**|-|-|-|2,126|-|-|-|2,126|
|**Donations and legacies**|||||Early Years Professional Development - EYPDP Fund|Teachers Pay Additional Grant - TPAG Fund|Dental Health - DECAN Funding|Other Income|First aid training fund|Early Childhood Community Fund|Apprenticeship Incentive||
|**3**|||||||||||||
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **4 Income from charitable activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Norfolk County Council
Funding
452,128
13,805
Childcare Fees
119,341
-
Family Support Childcare
Fees
2,122
-
Additional Support for
Nursery Fees
-
-
573,591
13,805|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
465,933
253,381
11,027
119,341
176,911
-
2,122
2,335
-
-
565
-
587,396
433,192
11,027|**Total**
**2024**
**£**
264,408
176,911
2,335
565|
|---|---|---|
|||444,219|
## **5 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest Receivable|7,065|6,131|
- 13 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **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**|**Total**|
|---|---|---|---|
|||**2025**
**£**
414,735
3,903
1,146
3,997
14,766
2,551
8,732
1,971
18,275
1,998
4,728
1,922
1,748
1,659
-
118
475
482,724
1,830
484,554
468,808
15,746
484,554
**2025**
**£**
1,830
**2025**
**£**
1,830
1,830|**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|
- 14 -
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**8**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|3,903|3,907|
## **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|**2025**
**Number**
23
**2025**
**£**
394,883
19,852
414,735|**2024**
**Number**
23|
|---|---|---|
|||**2024**
**£**
394,579
17,797|
|||412,376|
There were no employees whose annual remuneration was more than £60,000.
## **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 2025**_
|**12**
**Tangible fixed assets**
**Freehold**
**property**
**Nursery**
**equipment**
**£**
**£**
**Cost**
At 1 April 2024
167,451
14,403
At 31 March 2025
167,451
14,403
**Depreciation and impairment**
At 1 April 2024
15,727
12,953
Depreciation charged in the year
1,674
363
At 31 March 2025
17,401
13,316
**Carrying amount**
At 31 March 2025
150,050
1,087
At 31 March 2024
151,724
1,451
**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**
**£**
21,778
21,778
14,313
1,866
16,179
5,599
7,465
**2025**
**£**
14,281
(16)
14,265
**2025**
**£**
3,661
7,286
6,216
9,169
26,332
**2025**
**£**
19,852|**Total**
**£**
203,632
203,632
42,993
3,903
46,896
156,736
160,640
**2024**
**£**
22,371
(11)
22,360
**2024**
**£**
4,778
13,520
5,023
4,162
27,483
**2024**
**£**
17,797|
|---|---|---|
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.
- 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**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**
**Incoming**
**Resources**
**Balance at**|**1 April 2023**
**resources**
**expended**
**1 April 2024**
**resources**
**expended**
**31 March 2025**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Early Years Send Funding
-
5,720
(5,720)
-
-
9,190
(9,190)
-|Early Years Pupil Premium
(33)
5,308
(7,928)
2,653
-
4,615
(4,615)
-|Early Childhood Community Fund
(10)
-
-
10
-
-
-
-|First Aid Training Fund
(673)
673
-
-
-
168
(168)
-|Apprenticeship Incentive
-
1,000
(1,000)
-
-
-
-
-|Dental Health - DECAN Funding
(305)
-
-
305
-
-
-
-|Norfolk Community Fund - Freebridge
(2)
-
-
2
-
-
-
-|Project 2
(67)
-
-
67
-
-
-
-|Norfolk County Council - Quality & Inclusion Fund
(3)
-
-
3
-
-
-
-|Norfolk County Council - Development Grant
(2,097)
-
3,500
-
1,403
-
(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
-
(370)
1,146|(3,190)
19,331
(16,262)
3,040
2,919
13,973
(15,746)
1,146|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**16**|||||||||||||||||||||
## **ST MICHAEL'S FAMILY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
156,736
-
Current assets/(liabilities)
744,959
1,146
901,695
1,146
**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|**Total**
**2025**
**£**
156,736
746,105|
|---|---|
||902,841|
||**Total**
**2024**
**£**
160,640
630,000|
||790,640|
## **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**||
||**Incoming**|**Resources**||**Balance at**|**Incoming**|
**Balance at**|
||**resources**|**expended**|**1**|**April 2024**|**resources**|**31 March 2025**|
||**£**|**£**||**£**|**£**|**£**|
|Additional Support for Nursery Fees|565|(565)||-|-|-|
||565|(565)||-|-|-|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 18 -