Charity registration number 1104578 Company registration number 4934227 (England and Wales) QUEENSWAY CHAPEL PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
QUEENSWAY CHAPEL PRE-SCHOOL LEGALAND ADMINISTRATIVE INFORMATION Trustses Mrs AArnold Mrs R E Erwin Mrs J M Lloyd Mrs R Scouler Charity number 1104578 Company number 4934227 Registered office Queensway MELKSHAM Willshire SN12 7LQ Independent examiner Chappell Associates Limited Westfield House Bratlon Road Westbury Willshire BA13 3EP
QUEENSWAY CHAPEL PREcHOoL CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheét Notes to the financial statements 9-15
QUEENSWAY CHAPEL PRE-SCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statèments 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 's Igoverning documenti, the Companies Act 2006 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 actlvities The objects and principal activities are a. to work with parents and children in ways consistent with the principles of the Christian religion to promote the physical, intellectual and social development and well-being of pre-school children in Melksham and neighbouring areas, particularly those who are disadvantaged, to ensure they are ready to flourish when they get to school., and, a. to advan the education of parents of children attending the pre-school. that the Trustees have had regard to the public guidance issued by the Commission on public benefit. Public benefit The trustees have paid due regard to guidance issued by Ihe Charity Commission in deciding what activities the should undertake. Achievements and perfomiance Significant activities and achievements against objectives Financial review Resewes policy 11 is the policy of the charity that unrestricled funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the 's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Major risks The trustees have assessed the major risks lo which thé is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. structure, govemance and management The is a company limited by guarantee The trustees. who are also the directors for the purpose of company law. and who served during the year and up lo the dale of signature of the financial slalements were.. Mrs AArnold Mrs R E Erwin Mrs J M Lloyd Mrs R Scouler Recruitment and appoinlmenl of tmst8eS None of the Iruslees has any beneficial interest in the company. All of the trustèes are members of the Gompany and guarantee to contribute £1 in the event of a winding up.
QUEENSWAY CHAPEL PRE-SCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The company's currenl policy concerning the payment of trade creditors is lo follow the CBI'S Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DU). The Company's current policy concerning the payment of trade creditors is lo.. sellle the terms of payment with suppliers when agreeing the terms of each transaction; ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in conlraGts', and pay in accordance with the company's conlraclual and other legal obligations. Trade creditors of Ihe company at the year end were equivalent to XX day's purchases. based on the average daily amount invoiced by suppliers during the year. Organisational stmctu
QUEENSWAY CHAPEL PRE-SCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
QUEENSWAY CHAPEL PRE-SCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGhievements and Perfom)ance The charity's Business Plan for the period 2018-2024 identified the following key issues: al Sustainability of ownership and management of the Nursery. b) Application of Christian principles c) Development of Premises d) Measuring Outcomes e} Improving the working experience for our staff fj Preparing for Change During 2023-2024, further progress was made in each oflhese areas, as follows.. Sustainability of ownership and management of the Nursery Links were strengthened between Queensway Chapel and the Nursery. Application of Christian principles The website and prospectus clearly specifies our ethos. Every child who leaves the Nursery receives a copy of the Bible. The staff and volunteers regularly tell Bible stories lo the children and the trustees support the staff when celebrating Christian festivals. There is a monthly prayer meeting for the nursery. Development of Premises Further work on clearing and tidying the nursery has been undertaken and the external appearance of the building has been improved. Measuring Outcomes Since the last measuring outcomes, thè emphasis on speech and language and social skills seems prominent in the children that are assessing the selling. We continue to make referrals for Speech and Language and are continuing with our groups of social skills and other such groups as BLAST and Talk Boost. We have noticed that the childrens behaviour needs addressing and are using our learning of Five to Thrive to help with these difficult situations. We have also intrOdUd Maths group into the learning for those children getting ready to go to school. Our SENCO has been working hard to get together the help the Ghildren need ready for them when they start school. Along with their reports will go Ihe one-page profiles that the children will need lo help with the transition to school. Some of the children will need additional help and the SENCO has already put plans in place for this. The children have shown progress and most of the children who are going lo school are where they shoLJld be with regards lo the Early Year's foundation stage. We are having the teachers visil Ihe children lo help make the transition lo school a pleasant one. Improving the working experience for our staff Tina Contri has been manager since February 2023 and Beth Prout was appointed Deputy Childcare Managerwhen she officially was appointed as Childcare Manager in June 2023. We have Sin recruited a new mèmber of staff in April 2024 as Senior Practitioner in the Toddler room, Kim Succo. We have two staff members who will be finishing their level 3 childcare courses soon, Robyn Kerry and Chloe Curtin. We encourage our staff with their own personal professional development and training through "Noodle NDW. and when going through supeNisions asking if they feel that they require any other training. We endeavour to make the working environment as pleasant as possible. We hold each member of staff in high regard and value the contributions they make. Preparing for Change As we celebrate 40 years of childcare in the Queensway area of Melksham, we are intending to refresh our vision. Our purpose is to provide the best environment and care for each individual child. We aim to create a loving communit within the Nurse .Weare rateful for the hard work of our staff in the care that the ive to the children. We are also grateful for the prayers and support that we receive from our members and friends. Without this support we would be unable to fulfil our mission.
QUEENSWAY CHAPEL PRE-SCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Conclusion We are grateful to all the staff for their continued hard work and commitment lo giving the best possible care. We are looking forward lo the future. The trustees report was approved by the Board of Trustees. Mrs R E Ein Trustee Date..
QUEENSWAY CHAPEL PRE-SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUEENSWAY CHAPEL PRE-SCHOOL I report lo the Iruslees on my examination of the financial statements of Queensway Chapel Pre-school for thè year ended 31 March 2024. Responsibilities and basis of report As the Iruslees of the charity (and also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061the 2006 Act}. Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the 's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Direclions given by the Charity Commission under section 14515Jlbl of the 2011 Act. Independent examlnerfs ststement Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respecl.. accounting records were not kept in respect of the as required by section 386 of the 2006 Act; or the financial statements do not accord with those records., or the financial slatemenls 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 the financial statements 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 have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. Chappell Associates Limited Wesffield House Bratton Road Westbury Wiltshire BA13 3EP Dated:
QUEENSWAY CHAPEL PRESCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 263,603 2,797 5,034 269,295 2.302 856 Totsl income 271.434 272,453 Expènditure on: Charitable activities 275,864 289,800 Total expenditure 275,864 289,800 Net expenditure and movement in funds (4,430) (17,3471 Reconciliation of funds: Fund balances at 1 April 2023 166,366 183,713 Fund balances at 31 March 2024 161,936 166,366 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
QUEENSWAY CHAPEL PRE-SCHOOL BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notss Fixed assets Tangible assets 12 53,251 58,575 Current assets Cash al bank and in hand 109,585 108,691 Creditors: amounts falling due within one year 13 (900) (900) Net current assets 108.685 107,791 Total assets less current liabilities 161,936 166,366 Net assets excluding penslon liability 161,936 166,366 The funds of the Unreslricled funds 161,936 166.366 161,936 166,366 The company is entilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibililies for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial slalements have bèen prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the trustees on Mrs R E Erwin Trustee Company registration number 4934227 (England and Wales)
QUEENSWAY CHAPEL PREcHOoL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information QueerFsway Chapel Pre-school is a private company limited by guarantee incorporated in England and Wales. The registered office is Queensway, MELKSHAM, Wiltshire. SN12 7LQ. 1.1 Accounting convention The financial statements have been prepared in accordance with the's Igoverning documenll, the Companies Act 2006, 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.. Slatement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {effeclive 1 January 20191. 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 slalements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the limè of approving the financial statements, the trustees have a reasonable expectation Ihat Ihe Gharity has adequate resources lo continue in operational existence for the foreseeable future. Thus the twustees continue to adopt the going concern basis of accounting in preparing the financial slalements. 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 lo how they may be used. The PLbrposes and uses of the reslricled funds are set out in the notes lo the financial statements. Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the 1.4 Income Income is recognised when the is legally entitled to it after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on reipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipl or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a Gonlingent asset.
QUEENSWAY CHAPEL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 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, il 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 lo that activity. Shared costs which contribute lo more than one activity and support costs which are not altribulable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff Gosts are allocated on Ihe 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.. Leasehold land and buildings over the term of the lease The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Impairment of fixed assets At each reporting end dale, the reviews the carrying amounts of its tangible assets lo 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 lif any). 1.8 Cash and cash equivalents Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financlal assets Basic financial assets, which include deblors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured at the present value of Ihe future receipts discounted at a market rale 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 inslruments are subsequently carried at amortised cost, using the effective interest rale méthod. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary coursè 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-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective inleresl method. 10-
QUEENSWAY CHAPEL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Derecognition of financial liabilities Financial liabilities are derecognised when the 's contractual obligations expire or are discharged or canlled. 1.9 Employee benefits The cost of any unused holiday entillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or lo provide termination benefits. Critical accounting estimates and judgements In the application of the 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 experien and other factors that are considered to be relevant. Actual results may differ from these eslimates. 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 Ihe period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Grants Membership fees 186,827 76,776 194,450 74,845 Income from charitable activities Unrestricted funds 2024 Unrestficted funds 2023 Heading #ac989 Other income 2,797 2.302 11
QUEENSWAY CHAPEL PREcHOoL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 5,034 856 Expenditure on charitable activities Heading
ac982
2024 Heading
ac982
2023 Direct costs Charitable expenditure heading 1 Share of support and governance costs (see note 7) Support 275,863 289,800 275,864 289,800 Analysis by fund Unrestricted funds 275,864 289,800 12-
QUEENSWAY CHAPEL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Supptsrttosts Support Govèrnancè osts Costs 2024Support costs Governance costs 2023 Depreciation Renl.rates and insurqnce 5.324 6,275 5,324 6,275 5,324 5.949 8,407 12.955 228.513 16,924 1.342 9,560 826 5.324 5.949 .407 12.955 228,513 16,924 1,342 9.560 828 Maintenance Salaries Adminlslralion LYJ818 Catering Educationèl rèsourc25 Bank charges and Inlerest 9.362 227,398 7,488 1.138 6,925 738 9,362 227,398 7,488 1,138 6,925 738 275.863 275.863 289,800 289.800 Analysed betrn charitab actiVrfS 275,863 275.863 289,800 2e9,800 13-
QUEENSWAY CHAPEL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The net movement in funds is slated after chargingl(crediting}'. Depreciation of owned tangible fixed assets 5.324 5.324 Trustees None of the trustees (or any persons connecled with them) received any remunefalion or benefits from the during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 15 18 There were no employees whosè annual remuneration was more than £60,000. Remuneration of key management personnel The remuneralion of key management personnel was as follows.. 11 Taxation The charity is exempl from laxalion on ils activities because all its income is applied for charitable purposes. 12 Tangible fixed assets Leas&hold 18nd and buildings Cost Al 1 April 2023 158,827 Al 31 March 2024 158,827 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 100.252 5,324 At 31 March 2024 105,576 Carrying amount At 31 March 2024 53,251 At 31 March 2023 58,575 14-
QUEENSWAY CHAPEL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible fixed assets (Continued) 13 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 900 900 14 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whiGh are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 166,366 271,434 (275,864) 161,936 Previous year: At 1 April 2022 Incomlng resources Resources At 31 March expended 2023 General funds 183,713 272,453 1289.800) 166,366 15 Related party transactions There were no disclosable related parly transactions during the year (2023 - none). 15