mailes Goldie CHAR TERED ACCOUNTANTS REGISTERED NUMBER:05308945 REGISTERED CHARITY NUMBER: 1108152 Smalles Goldie Copy Genesis Pre-school (Hull) Trust Limited (A Company Limited by Guarantee) Unaudited Financial Statements 31 August 2024 SD-0218965-1-6 bJUdSng Iwthpr. , ICAEW CHARTERED ACCOUNTANTS
Genesis Pre-school (Hull) Trust Limited Contents of the Financial Statements for the year onded 31st August 2024 Page Reference and Admlnistratlvo Detalls Report of the Trustees Independent Examlnerf8 Report Statement of Flnanclal Advltl•s Balance Shoet Noteg to the Financlal Statom•nts 7 to 12
Genesis Pre-school (Hull) Trust Limited Reference and Administrative Details for tha y¢ar ended 31st August 2024 TRUSTEES S Fyvie L H Millar (Chair) M Judah R A Elliott S Weston (resigned 30.11.2023) REGISTERED OFFICE St Martins Church Hall North Road Hull East Yorkshire HU4 6DD REGISTERED COMPANY NUMBER 05308945 REGISTERED CHARITY NUMBER 1108152 INDEPENDENT EXAMINER Smalles Goldle Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 88A Page 1
Genesis Pre-school (Hull) Trust Limited Registered number: 05308945 Report of the Trustees for the year ended 31st August 2024 The trustees who are also directors of the charty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 st August 2024. The trustees have adopted the provisions of 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 Princlpal alms and activltle8 The charity exists to enhance the development and education of children primarily under school age. It seeks to do this by encouraging parents and guardians with such children in their care to understand and provide for the physical, emotional, social and spiritual needs through the activities of the pre-school. Children moving on to local primary schools are taken there during their final weeks at Genesis, and the appropriate information about each child is passed on to these schools before they start. Public bon•fit The trustees have considered the Commission's guidance on public benefit and are of the oplnion that this is fulfilled by the establishment and running of a pre-school as described above. ACHIEVEMENT AND PERFORMANCE Chair's report Genesis Pre-school is op8n 5 days a week from 9am to 3pm. We are situated at St Martlns Community Hall, Hull. We have Christian ethics but welcome children from any background. We have 29 Children registered some on a part time basis and some full time.. Our staff now stand at 5 permanent staff. FINANCIAL REVIEW Flnancial review Our two main sources of income continue to be public funding and private fees. Overall the Income forthe year was £119,262 (2023 £100,541) with expendlture of £101,012 (2023 £105,830>. The Surplus for the year was £18,250 {2023 deficit £5,289) The Trustees need to accumulate a small reserve to provide for renewal of equipment and as a contingency fund to meet unexpected expense.The target has been to have a reserve of 15 % of turnover. In the General Fund this now stands at 430/0. The target will be reviewed next year. Th• charitys assets The charity charges general expenditure on asset acquisition under £500 to the revenue account. It currently has no assets above this threshold. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure and governance The charity is a private company limited by guarantee, and is governed by its articles and memorandum of association. At any one time there shall be no less than three tru5tees' there is no maximum. Recrultment and appointment of new trustees New trustees are appointed by the members of the charity at the Annual General Meeting, which must be held once per year. The trustees are aware of the need to increase their number, and to receive training appropriate to their role. The matter is under further consideration. Page 2
Genesis Pre-school (Hull) Trust Limited Registered number: 05308945 Report of the Trustees for the year endad 31st August 2024 STRUCTURE, GOVERNANCE AND mANAGEmEr Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and ern)r. Approved by order of the board of trustees on 23rd June 2025 and signed on its behalf by: L H Millar- Trustee Page 3
Independent Examiner's Report to the Trustees of Genesis Pre-school (Hull) Trust Limited Independent examlnerfs report to the trustees of Genesis Prè-school (Hull) Trust Limitsd ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st August 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. Indepandent examlnarfs statsment 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 A¢t,' or the accounts do not accord with those records; or 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 whlch is not a matter considered as part of an independent examination., or 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 have no concems and have come across no other matters in connection with the examination to which attention should be drawn In thls report in order to enable a proper understandlng of the accounts to be reached. S T Bramall BSC. FCA Smalles Goldie Chartered Accountants Regent's Court PrinSS Street Hull East Yorkshire HU2 8BA 23rd June 2025 Page 4
Genesis Pre-school (Hull) Trust Limited Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31st August 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Charitable activities Pre-school 119,147 119,147 100,457 Investment income 115 Total 119,262 119.262 EXPENDITURE ON Charltable actlvltles Pre-school 6.733 101012 105,830 NET INCOMEI(EXPENDITURE) 24,983 (6,733) 18,250 {5.289) RECONCILIATION OF FUNDS Total funds brought fOrwrd 25,255 6.733 31,988 37,277 TOTAL FUNDS CARRIED FORWARD 31,988 The notes form part of these financial statements Page 5
Genesis Pre-school (Hull) Trust Limited Registered number: 05308945 Balance Sheet 31st August 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes CURRENT ASSETS Debtors Cash at bank and in hand 10 3.496 71,896 3,496 71,896 1.062 59.571 75,392 75,392 60,633 CREDITORS Amounts falling due within one year 11 (25,154) (25,154> (28,645) NET CURRENT ASSETS 50,238 TOTAL ASSETS LESS CURRENT LIABILITIES 50,238 50,238 31,988 NET ASSETS 50,238 FUNDS Unrestricted funds Restricted funds 12 50,238 25,255 6,733 TOTAL FUNDS 50.238 31,988 The charltable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 st August 2024. The members have not required the company to obtaln an audit of Its financial statements for the year ended 31 st August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of Ihe Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The financial statements vlere approved by the Board of Trustees and authorised for issue on 23rd June 2025 and were signed on its behalf by: L H Millar- Trustee The notes form part of these financial statements Page 6
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements for the year ended 31st August 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once th8 charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlturn Liabililies are recognised as expenditure as soon as there Is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the arnount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is Included in the notes to the financial statements. Penslon costs and other post-retlrement b•nefits The charitable company operates a defined contribution penslon scheme. Contributions payable to the charitable company's pension stheme are charged to the Stalement of Financial Activities in the period to which they relale. INVESTMENT INCOME 2024 2023 Deposit account interest 84 Page 7 continued...
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements - continued for the year ended 31st August 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activty Pre-school Pre-school Pre-school Fees - Hull City Council Fees - Parents Uniform sales 109,910 8,731 506 90,070 9,733 654 119,147 100,457 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 5) Support costs (see note 6) Totals Pre-school 97.377 3,635 101,012 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Insuran Telephone Postage and stationery Sundries Premises hire Repairs Teaching materials Refreshments Training Cleaning 78.266 1.044 78,112 1,078 874 263 1,360 12,110 75 312 14,420 123 1,906 31 288 4,183 50 120 212 99,161 SUPPORT COSTS Other Pre-school 3,635 Page 8 continued...
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements - continued for the yaar ended 31st August 2024 SUPPORT COSTS - continued Support costs. included in the above, are as follows: Other 2024 2023 Total activities Pre-schoo5 Examination fees Professional fees Bank charges 1,310 2,201 124 1,238 5,298 133 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31 st August 2024 nor for the year ended 31st August 2023. Trusteos. oxpenses There We no trustees, expenses paid for the year ended 31 st August 2024 nor for the year ended 31st August 2023. STAFF COSTS 2024 2023 Wages and 8alaries Other pension costs 77,290 976 77,275 837 78.266 78,112 The average monthly number of employees during the year was as follovrfs: 2024 2023 Pre School staff No employees received emoluments in eXsS of £60,CI)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Charitable activltles Pre-school 97,447 3,010 100,457 Investment income 84 Total 97,531 3,010 100,541 EXPENDITURE ON Charitable activities Pre-school 105,234 596 105.830 Page g continued...
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements - continued for the year ended 31st August 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continu•d Unrestricted Restricted fund fund Total funds NET INCOMEI{EXPENDITURE) (7,703) 2,414 (5,289) RECONCILIATION OF FUNDS Total funds brought forward 32,958 4,319 37,277 TOTAL FUNDS CARRIED FORWARD 6,733 31,988 10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 1,206 1,559 731 113 1,062 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Pension Income in advance Accrued expenses 2.060 1,750 853 570 21,519 24,631 912 28,645 12. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestrlcted funds General fund 25.255 24,983 50,238 Restrictod funds Restricted EYPP funding 6,733 (6.733) TOTAL FUNDS 31,988 18,250 50,238 Page 10 continued...
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements - continued for the year ended 31st August 2024 12. MOVEMENT IN FUNDS- contlnuad Net movement in funds, included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 119,262 (94,279) 24,983 Restrlcted funds Restricted EYPP funding (6,733) (6,733) TOTAL FUNDS 119,262 101,012) 18,250 ComparatiVo9 for movement In funds Net movement in funds At 31.8.23 At 1.9.22 Unre8trlcted funds General fund 32,958 (7,703) 25,255 R•8trfcted funds Restricted EYPP funding 4,319 2,414 8,733 TOTAL FUNDS 37,277 31,988 Comparative net movement In funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 97,531 (105,234) {7,703) Restrlcted fund8 Restricted EYPP funding 3,010 (596) 2,414 TOTAL FUNDS 100,541 105,830) Page11 continued...
Genesis Pre-school (Hull) Trust Limited Notes to the Financial Statements - continued for thè year ended 31st August 2024 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 st August 2024. Page 12