Charity Reg. No. 1119955
Company Reg. No. 5859974
SAINT JEROME’S PRE-SCHOOL PLAYGROUP
(A Registered Charity and a Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT
AND
ANNUAL REPORT AND ACCOUNTS
FOR THE FINANCIAL YEAR ENDED 31* JULY 2023
Contents
Trustees’ Annual Report 2 Financial Statements 5 Accounting Policies and Notes 8
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ST. JEROME’S PRE-SCHOOL PLAYGROUP
TRUSTEES’ ANNUAL REPORT 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
St. Jerome’s Pre-school Playgroup (“the Playgroup”) was incorporated as a company limited by guarantee (number 5859974) on 28th. June 2006 and was registered as a charity (number 1119955) on Sth. July 2007.
In accordance with the Memorandum of Association, each trustee is a member of the company and offers limited guarantee to the extent of £10 per member.
TRUSTEES
The trustees of the Playgroup, who are also directors of the company, and who served during the year were:
A. J. Cunningham LI. M, LI B (hons) -.
Lt. Col. (Ret’d) J. P. Moreland KCHS
S. Murphy Dip Ed, DASE N. Stark FCCA
N. Maher
CHARITY CORRESPONDENT
Lt. Col. (Ret’d) J. P. Moreland KCHS
REGISTERED OFFICE
St. Jerome’s Presbytery, Greenloons Drive Formby. L37 2LX.
BANKER
Natwest ple. Formby, L37 2DZ
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SAINT JEROME’S PRE-SCHOOL PLAYGROUP TRUSTEES’ANNUAL REPORT 2023 (cont’d)
STRUCTURE
The Playgroup was established under a Memorandum of Association which outlined its objectives and powers and it is governed in accordance with its Articles of Association. The Trustees determine the general policy of the Playgroup. Day-to-day operations are delegated to the Managers.
CHARITABLE PURPOSE AND ACHIEVEMENTS
The objective of the Playgroup, as agreed with the Charity Commission, is: “to enhance the development and education ofchildrenfrom 2 years to statutory school age.” This is achieved by means of appropriate play, education and care facilities and staff training.
Our policy of investment in capital assets, operational assets and staff training has enabled the Playgroup, under the leadership of the management team, to advance in all areas of performance and enhance security. Parent feedback has been positive.
Financially, income increased by almost 15% and although costs increased significantly (from £150,327 to £217,406), this was down to two specific items, namely staff costs (wage increases and more hours to deal with greater demand) and significant capital expenditure with respect to an extended and improved outdoor play area for children (£37,891). Such expenditure is in line with our policy of investing for the future in the facilities available to children and was covered entirely by surpluses we have built up over previous years.
PROCEDURE FOR THE APPOINTMENT OF NEW TRUSTEES
Nominations are received from current Trustees and two references are asked for. References are checked and candidates are referred to OFSTED for a Criminal Record Bureau check. Interviews take place to explore applicants’ knowledge and understanding of the relevant aspects of the position.
RESERVES POLICY
The Trustees review the need for reserves at board meetings in the light of the current surplus or deficit, and the budgeted level of income, costs and capital expenditure, allowing reasonably for a range of different future scenarios.
FUNDS HELD AS CUSTODIAN TRUSTEE
No such funds are held by the Playgroup.
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ST. JEROME’S PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE FINANCIAL YEAR ENDED 31° JULY 2023
| Unrestricted Funds | Unrestricted Funds | 2022 | |
|---|---|---|---|
| £ | £ | £ | |
| Incoming Resources: | |||
| Voluntary Income | |||
| Fees | 43,375 | 34,561 | |
| Donations andCharity Events | - | 258 | |
| Grants | 103,494 | 106,235 | |
| Preand after school fees | 59,255 | 40,503 | |
| Otherincome | 3,041 | 644 | |
| Investment Income | |||
| Bank Interest | 150 | 3 | |
| Total IncomingResources | 209,315 | 182,204 | |
| Resources Expended: | |||
| StaffCosts | 143,270 | 111,791 | |
| Insurance and professional costs | 6,140 | 6,718 | |
| Telephone, Postage& Stationery | 2,345 | 1,040 | |
| Repairs, maintenanceand equipment | 37,891 | 14,588 | |
| Depreciation | 9,584 | 9,570 | |
| OtherOperating Costs | 18,176 | 7,620 | |
| TotalResources Expended | 217,406 | 150,327 | |
| Net (Outgoing)/Incoming Resources | (8,091) | 31,877 | |
| Funds brought forward | 232,016 | 200,139 | |
| TotalFundscarriedforward | 223,925 | 232,016 |
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SAINT JEROME’S PRE-SCHOOL PLAYGROUP
BALANCE SHEET AS AT 315 JULY 2023
/
| Unrestricted Funds | Unrestricted Funds | 2022 | ||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| NetTangible Fixed Assets | 10 | 44,394 | 52,434 | |
| Current Assets: | ||||
| Prepayments | - | 9,169 | ||
| Cash atbankand inhand | 189,448 | 171,764 | ||
| Stockofuniforms | __78 | __78 | ||
| 189,526 | 181,011 | |||
| Current Liabilities: | ||||
| Othercreditors | (9,995) | (1,429) | ||
| Net Current Assets | 223,775 | 200,139 | ||
| NETASSETVALUE | 223,925 | 232,016 | ||
| Funds ofthe Charity: | ||||
| UnrestrictedFunds | 223,925. | 232,016 |
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ST. JEROME’S PRE-SCHOOL PLAYGROUP
Trustees’ Statement
(a) For the financial year ended 5th. August 2023 the Playgroup was entitled to exemption from audit under section 477(2) of the Companies Act 2006.
(b) Members have not required the Playgroup to obtain audit in accordance with section 476 of the Companies Act 2006.
(c) The trustees acknowledge their responsibility for:
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i. ensuring that the Playgroup keeps accounting records which comply with Section 386 and
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ii. preparing accounts which give a true and fair view of the state of affairs of the Playgroup as at the end of the financial year and of its surplus or deficit for the financial year, in accordance with the requirements of Section 393 and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the Playgroup.
(d) The accounts have been prepared in accordance the special provisions in Part VII of the Companies Act 2006 relating to small companies.
Signed on behalf of the Trustees:
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| ly aed yoy 17 April 2024
N.G.Stark Date A.Cunningham Date
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The appended notes on pages 7 and 8 form part of these accounts.
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ST. JEROME’S PRE-SCHOOL PLAYGROUP
ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS
31% JULY 2023
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The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value, with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) issued on 16" July 2014.and with the Charities Act 2011.
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Income is recognised when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
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There has been no offsetting of assets and liabilities, or income and expenses.
4.. The charity has received grants from the local authority in the reporting period.
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Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
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Debtors are measured on initial recognition at settlement amount. Subsequently, they are measured at the cash or other consideration expected to be received. .
7.. Unrestricted Funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Playgroup.
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The company was formed to continue the operations of the former St. Jerome’s PreSchool Playgroup which was not a corporate enterprise. The transfer took effect on 6th. June 2007.
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Depreciation has been charged at 25% per annum on the written down value of fixed assets, with the exception of the new building which is being written off over 15 years.
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ST. FEROME’S PRE-SCHOOL PLAYGROUP
ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31** JULY 2023
10. Tangible Fixed Assets:
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||||||||
|---|---|---|---|---|---|---|
|Fixtures,|
|fittings|
|Building|and equipment|Total|
|£|£|£|
|Cost|at 1 August|2022|132,463|18,021|150,484|
|Additions|1,544|1,544|
|Balance|at|31" July 2023|132,463|19,565|152,028|
|Depreciation|at|1S August 2022|80,940|17,110|98,050|
|Charge|for the period|8,970|614|9,584|
|Balance|as|at|31" July 2023|89,910|17,724|107,634|
|Net Book Value|as|at 31 July 2023|42.553|1,841|44,394|
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11. Staff Costs
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£
Salaries 136,394
Social! Security costs 2,865
Pension contributions 4,011
Total Staff Costs 143,270
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No remuneration was paid to trustees, and there were no related party transactions.
The average number of staff, excluding trustees, was 5. They were employed on a mixture of full time and part time bases.
All the employees were involved in charitable activities and 2 employees were also involved in governance.
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ST. JEROME’S PRE-SCHOOL PLAYGROUP
ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31% JULY 2023
12.Taxation
The Playgroup is a registered charity and hence exempt from corporation tax on its income and gains where they are applied for charitable purposes. No liability to corporation tax is anticipated.
The Playgroup is not registered for VAT. All unrecoverable VAT is charged, in the Statement of Financial Activities, as it is incurred.
13. Contingent Liabilities
The Playgroup has no contingent liabilities
14. Share Capital.
The Playgroup is a company limited by guarantee and hence has no share capital.
- Fair value of assets
There was no exposure to credit risk or liquidity at the year end.
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: !
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
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Report to the trustees/ .
members of St Jeromes Pre School Playgroup
On accounts for the year | 31% July 2023 Charity no | 1119955
ended . (if any)
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| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31* July 2023.
Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act’).
! report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent | have completed my examination. | confirm that no material matters have examiner's statement Come to my attention in connection with the examination which give me cause to believe that in, any material respect:
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e the accounting records were not kept in accordance with section 130 of the Charities Act; or
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« the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Reguiations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the.accounts to be reached.
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Name: |Mes, CrP RE COMING
Relevant professional
qualification(s) or body |ANAT devel 2.
(if any):
Address:
Liver Pont 134+ 4Gw.
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IER
1
Oct 2018