Company registration number: 04810437 Charity registration number: 1103900
## St Peter’s Pre-School (Stafford)
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 March 2024
Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
## **St Peter’s Pre-School (Stafford)**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 18|
## **St Peter’s Pre-School (Stafford)**
## **Reference and Administrative Details**
## **Trustees**
**Senior Management / Leadership Team**
Rebecca Tomlinson, Chair Mavis Ingham, Treasurer Hannah Jackson Julia Exton Helen Mace John Exton Marie Dawson, Advisory Sarah Banton, Advisory Stella Rogers, Advisory Marie Dawson, Nursery Manager Sarah Benton, Childcare Manager Stella Rogers, Deputy Childcare Manager
**Charity Registration Number** 1103900 **Company Registration Number** 04810437
The charity is incorporated in England.
**Registered Office**
**Independent examiner**
**Bankers**
St Peters Pre-School & Nursery Stafford Rising Brook Stafford ST17 9DH Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD Natwest Stafford Greengate Branch 41 Greengate Street Stafford ST16 2JD
Page 1
## **St Peter’s Pre-School (Stafford)**
## **Trustees' Report (incorporating Directors' Report)**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2024.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Rebecca Tomlinson, Chair Mavis Ingham, Treasurer Hannah Jackson Julia Exton Helen Mace John Exton (appointed 21 March 2024) Colin Gardener (resigned 21 March 2024) Hannah Mace (resigned 30 June 2024) Marie Dawson, Advisory Sarah Banton, Advisory Stella Rogers, Advisory Senior Management / Leadership Marie Dawson, Nursery Manager Team: Sarah Benton, Childcare Manager Stella Rogers, Deputy Childcare Manager
## **Objectives and activities**
## _**Objects and aims**_
The charity’s purposes as set out in the objects contained in the company’s memorandum of association are to enhance the development and education of 0 to 5 year olds.
To deliver a community nursery that is accessible to all, where the children are well cared for in a safe, clean and rich learning environment.
To encouraging parents to understand and provide for the needs of their children through a community group
## _**Use of volunteers**_
Volunteering has become a more daunting prospect due to the world we live in. People do not want the responsibility and will not commit. Groups like us desperately need volunteers to succeed.
Community volunteers alongside parents and their extended family provide us with further opportunities for the children i.e., local trips, picnics and visits from local animal groups.
Volunteers help to repair and maintain our equipment and outdoor facilities and parents have helped us to raise funds to buy new equipment i.e., planting containers and wooden toys etc.
These are also supported by the Directors.
Page 2
## **St Peter’s Pre-School (Stafford)**
## **Trustees' Report (incorporating Directors' Report)**
## _**Public benefit**_
St Peter’s Pre-School offers affordable quality childcare and education to children within our community. We liaise with other professionals to ensure the best care for children with learning needs to ensure they are catered for. We include all members of the community, offering training, support and guidance. We offer work placements to students and raise funds to support the group’s activities.
We offer training for parents and carers, signposting them to various agencies for help and assisting them with agency visits and paperwork.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
Upgraded to GOOD by Ofsted. Quality business award Student/employee has achieved teaching degree Increase of fundraising events.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 25 June 2003 and amended 16 September 2019. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
The management of the charity is the responsibility of the Trustees who are elected and co-opted. DBS checks are carried out on all new trustees prior to appointment.
## _**Recruitment and appointment of trustees**_
New trustees are recruited by canvassing users and the immediate community with our history, background, business plan and aims and objectives with an aim to them being nominated onto our Board of Trustees at the AGM.
## _**Major risks and management of those risks**_
## _Funding_
The knock on effect of the covid pandemic will be with the nursery for a long time. The increase of wages and running costs, with families unable to pay a premium, are also having an impact. The group will be heavily reliant on fundraising and grants which, if not forthcoming, may result in nursery closure.
The trustees are looking into applying for grants and have forecasted to reduce the loss for the next financial year.
## **Financial review**
The financial burden for charity groups increases continually, the pressures families face with ever dereasing expenditure has a big impact.
Increase in minimum wage & pension contributions continues to impact our business. Practitioners are obligated to expand their qualifications and in turn warrant higher salaries. Government continues to increase free childcare hours for under 5's.
Government continues to ignore or acknowledge the shortfall and underfunding.
## _**Policy on reserves**_
Reserves are held to secure the future of the group should redundancies or relocation be necessary. Unrestricted reserves at the year end are £33,627 (2023: £93,341) which are all held in current assets and liabilities.
Page 3
## **St Peter’s Pre-School (Stafford)**
## **Trustees' Report (incorporating Directors' Report)**
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
15/11/202 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Mavis Ingham ~~................................~~ Mavis Ingham (Dec 3, 2024 15:16 GMT) ......... Mavis Ingham Trustee
Page 4
## **St Peter’s Pre-School (Stafford)**
## **Independent Examiner's Report to the trustees of St Peter’s Pre-School (Stafford) ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement - matter of concern identified**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of CIMA, which is one of the listed bodies.
I have completed my examination. I have identified matters of concern and I draw your attention to Note 10, Trustees Remuneration, in which the names of the parties have not been included to protect the privacy of the individuals involved.
I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of St Peter’s Pre-School (Stafford) as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
...................................... Daryl Denson ACMA CIMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
03/12/2024 Date:.............................
Page 5
## **St Peter’s Pre-School (Stafford)**
## **Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
**Expenditure on:**
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18
**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
Total income
**Expenditure on:**
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
106,693
170,212
4,475
676
282,056
(341,770)
(341,770)
(59,714)
(59,714)
93,341
33,627
**Unrestricted**
**funds**
**£**
110,658
141,690
275
386
674
253,683
(293,203)
(293,203)
(39,520)
(39,520)
132,861
93,341|**Total**
**2024**
**£**
106,693
170,212
4,475
676|
|---|---|---|
|||282,056|
|||(341,770)|
|||(341,770)|
|||(59,714)|
|||(59,714)
93,341|
|||33,627|
|||**Total**
**2023**
**£**
110,658
141,690
275
386
674|
|||253,683|
|||(293,203)|
|||(293,203)|
|||(39,520)|
|||(39,520)
132,861|
|||93,341|
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 8 to 18 form an integral part of these financial statements. Page 6
## **St Peter’s Pre-School (Stafford)**
## **(Registration number: 04810437) Balance Sheet as at 31 March 2024**
|**Note**
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
18|**2024**
**£**
700
8,652
35,505
44,857
(11,230)
33,627
33,627
33,627|**2023**
**£**
700
16,069
86,994|
|---|---|---|
|||103,763
(10,422)|
|||93,341|
|||93,341|
|||93,341|
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:15/11/202
Mavis Ingham ~~................................~~ Mavis Ingham (Dec 3, 2024 15:16 GMT) ......... Mavis Ingham Trustee
The notes on pages 8 to 18 form an integral part of these financial statements. Page 7
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
St Peter’s Pre-School (Stafford) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 8
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Fixtures and fittings Equipment
**Depreciation method and rate** 10% straight line 20% straight line
Page 9
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 10
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from community groups
Grants, including capital grants;
Government grants
Donations and legacies;
Donations from companies, trusts and similar proceeds
Donations from community groups
Grants, including capital grants;
Government grants|**Unrestricted**
**funds**
**General**
**£**
50
106,643
106,693
**Unrestricted**
**funds**
**General**
**£**
500
1,000
109,158
110,658|**Total**
**2024**
**£**
50
106,643|
|---|---|---|
|||106,693|
|||**Total**
**2023**
**£**
500
1,000
109,158|
|||110,658|
Page 11
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **4 Income from charitable activities**
|School Run
Fees
School Run
Fees
**5**
**Income from other trading activities**
Local fundraising and street collection income
Local fundraising and street collection income|**Unrestricted**
**funds**
**General**
**£**
846
169,366
170,212
**Unrestricted**
**funds**
**General**
**£**
727
140,963
141,690
**Unrestricted**
**funds**
**General**
**£**
4,475
4,475
**Unrestricted**
**funds**
**General**
**£**
275
275|**Total**
**2024**
**£**
846
169,366|
|---|---|---|
|||170,212|
|||**Total**
**2023**
**£**
727
140,963|
|||141,690|
|||**Total**
**2024**
**£**
4,475|
|||4,475|
|||**Total**
**2023**
**£**
275|
|||275|
Page 12
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **6 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
676
676
**Unrestricted**
**funds**
**General**
**£**
386
386|**Total**
**2024**
**£**
676|
|---|---|---|
|||676|
|||**Total**
**2023**
**£**
386|
|||386|
## **7 Expenditure on charitable activities**
|Salaries and costs
Rent
Recruitment Expenses
Meals and snacks
Equipment
Art and crafts
Small toys and equipment
Activities
Health and hygiene
Donations
Training costs
Insurance
Premises expenses
Postage, stationery and telephone
Photocopying
Independent examination fees
Accountancy fees
Bank charges and interest
Subscriptions
Registration|**Activity**
**undertaken**
**directly**
**£**
272,990
32,745
101
15,313
403
286
993
8
3,212
160
704
946
318
-
-
-
-
-
-
-
328,179|**Activity**
**support costs**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
1,081
6,065
1,080
1,950
1,573
1,609
233
13,591|**2024**
**£**
272,990
32,745
101
15,313
403
286
993
8
3,212
160
704
946
318
1,081
6,065
1,080
1,950
1,573
1,609
233|
|---|---|---|---|
||||341,770|
Page 13
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|Salaries and costs
Rent
Recruitment Expenses
Meals and snacks
Equipment
Art and crafts
Small toys and equipment
Activities
Health and hygiene
Donations
Training costs
Repairs
Miscellaneous
Postage, stationery and telephone
Photocopying
Independent examination fees
Accountancy fees
Bank charges and interest
Subscriptions
Registration|**Activity**
**undertaken**
**directly**
**£**
223,784
30,032
288
17,040
384
384
654
278
4,523
156
1,548
25
-
-
-
-
-
-
-
-
279,096|**Activity**
**support costs**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
122
922
6,293
1,080
2,351
1,660
1,459
220
14,107|**2023**
**£**
223,784
30,032
288
17,040
384
384
654
278
4,523
156
1,548
25
122
922
6,293
1,080
2,351
1,660
1,459
220|
|---|---|---|---|
||||293,203|
Page 14
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs
Allocated support costs
Independent examiner fees
Examination of the financial statements
Legal fees
Other governance costs
Allocated support costs|**Unrestricted**
**funds**
**General**
**£**
1,080
3,523
1,609
6,212
**Unrestricted**
**funds**
**General**
**£**
1,080
50
4,011
1,459
6,600|**Total**
**2024**
**£**
1,080
3,523
1,609|
|---|---|---|
|||6,212|
|||**Total**
**2023**
**£**
1,080
50
4,011
1,459|
|||6,600|
## **9 Government grants**
The pre-school received an Early Years Grant from Staffordshire County Council for children that qualify for the funding of £106,643 (2023 - £109,158).
There were no unfulfilled conditions at the year end. The amount of grants recognised in the financial statements was £106,643 (2023 - £109,158).
## **10 Trustees remuneration and expenses**
During the year one trustee was paid for bookkeeping services to the charity of £1,000 (2023: £1,500)and three trustees (2023: three trustees) were paid salary in respect of their roles as employees. These payments were at an appropriate commercial rate for the roles carried out. The total amount paid in the year was £71,107 (2023: £67,380).
The trustees understand that Ofsted require that the responsible persons nominated to speak to them be a director. In order to respect the confidentiality of staff members individual salary disclosures have not been included in the financial statements.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 15
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **11 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
258,177
11,014
3,799
272,990|**2023**
**£**
213,183
7,281
3,320|
|---|---|---|
|||223,784|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Employees|**2024**
**No**
17|**2023**
**No**
19|
|---|---|---|
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £71,107 (2023 - £67,380).
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Stock**
|Stocks
**14 Debtors**
Trade debtors
Prepayments
**15 Cash and cash equivalents**
Cash on hand
Cash at bank
Short-term deposits|**2024**
**£**
700
**2024**
**£**
2,115
6,537
8,652
**2024**
**£**
225
10,000
25,280
35,505|**2023**
**£**
700|
|---|---|---|
|||**2023**
**£**
7,051
9,018|
|||16,069|
|||**2023**
**£**
200
10,170
76,624|
|||86,994|
Page 16
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **16 Creditors: amounts falling due within one year**
|Trade creditors
Other creditors
Pension scheme creditor
Accruals
**17 Obligations under leases and hire purchase contracts**
The total value of future minimum lease payments was as follows:
Within one year
In two to five years
**18 Funds**
**Balance at 1**
**April 2023**
**£**
**Incoming**
**resources**
**£**
**Unrestricted funds**
**_General_**
Unrestricted funds
93,341
282,056
**Balance at 1**
**April 2022**
**£**
**Incoming**
**resources**
**£**
**Unrestricted funds**
**_General_**
Unrestricted funds
132,861
253,683|**2024**
**£**
5,384
3,100
1,666
1,080
11,230
**2024**
**£**
1,533
-
1,533
**Resources**
**expended**
**£**
(341,770)
**Resources**
**expended**
**£**
(293,203)|**2023**
**£**
3,084
5,541
717
1,080|
|---|---|---|
|||10,422|
|||**2023**
**£**
6,132
1,533|
|||7,665|
|||**Balance at 31**
**March 2024**
**£**
33,627|
|||**Balance at 31**
**March 2023**
**£**
93,341|
The specific purposes for which the funds are to be applied are as follows:
## Tesco Bags of Help
The purpose of this grant is for outside areas of the nursery to be revamped.
Page 17
## **St Peter’s Pre-School (Stafford)**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**|||
|---|---|---|
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
44,857
(11,230)
33,627
**Unrestricted**
**funds**
**General**
**£**
103,763
(10,422)
93,341|**Total funds at**
**31 March**
**2024**
**£**
44,857
(11,230)|
|||33,627|
|||**Total funds at**
**31 March**
**2023**
**£**
103,763
(10,422)|
|||93,341|
## **20 Related party transactions**
There were no related party transactions in the year.
Page 18
2024-12-03
## St Peters 24 for signing
Final Audit Report
Created: 2024-12-03 By: VAST Accounts (accounts@vast.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAu-6QjTLQpb22K_L_Ql0JU0IDFNzRv3ad
## "St Peters 24 for signing" History
## Document created by VAST Accounts (accounts@vast.org.uk)
2024-12-03 - 12:41:59 PM GMT- IP address: 195.62.193.126
Document emailed to Mavis Ingham (mjingham@hotmail.co.uk) for signature
2024-12-03 - 12:42:02 PM GMT
## Email viewed by Mavis Ingham (mjingham@hotmail.co.uk)
2024-12-03 - 3:08:46 PM GMT- IP address: 87.127.35.202
- Document e-signed by Mavis Ingham (mjingham@hotmail.co.uk)
Signature Date: 2024-12-03 - 3:16:58 PM GMT - Time Source: server- IP address: 87.127.35.202
Document emailed to Daryl Denson (daryl.denson@vast.org.uk) for signature 2024-12-03 - 3:17:00 PM GMT
Email viewed by Daryl Denson (daryl.denson@vast.org.uk)
2024-12-03 - 3:17:22 PM GMT- IP address: 195.62.193.126
## Document e-signed by Daryl Denson (daryl.denson@vast.org.uk)
Signature Date: 2024-12-03 - 3:18:55 PM GMT - Time Source: server- IP address: 195.62.193.126
## Agreement completed.
2024-12-03 - 3:18:55 PM GMT