2024-08-05-accounts

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[st] JULY 2024

Contents Trustees’ Annual Report Financial Statements Accounting Policies and Notes

Page 1 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

TRUSTEES’ ANNUAL REPORT 2024

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 5th. 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 LL.M., LL.B. (Hons)

Lt. Col. (Ret’d) J. P. Moreland KCHS (deceased)

S. Murphy Dip Ed, DASE

N. Stark FCCA

M. Hughes

N. Maher

CHARITY CORRESPONDENT

N.Stark FCCA

REGISTERED OFFICE

St. Jerome’s Preschool Playgroup Greenloons Drive Formby. L37 2LX.

BANKER

Natwest plc. Formby, L37 2DZ

Page 2 of 9

SAINT JEROME’S PRE-SCHOOL PLAYGROUP TRUSTEES’ANNUAL REPORT 2024 (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 of children from 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 5%. Costs have decreased by 11% as the significant capital expenditure incurred in 2023 (£37,891) has not been required in this year.

It is with great sadness that we report the passing of long standing trustee Joe Moreland.

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 checks through the Disclosure and Barring Service. 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.

Page 3 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE FINANCIAL YEAR ENDED 31[st] JULY 2024

Unrestricted Funds £ £ Incoming Resources: Voluntary Income Fees 29,812 Donations and Charity Events - Grants 124,340 Pre and after school fees 62,941 Other income 3,197 Investment Income Bank Interest 284 Total Incoming Resources 220,574 Resources Expended: Staff Costs 145,301 Insurance and professional costs 6,796 Telephone, Postage & Stationery 4,036 Repairs, maintenance and equipment 5,086 Depreciation 9,551 Other Operating Costs 22,239 Total Resources Expended 193,009 Net (Outgoing)/Incoming Resources 27,565 Funds brought forward 223,925 Total Funds carried forward 251,490

2023 £ 43,375 - 103,494 59,255 3,041 150 209,315 143,270 6,140 2,345 37.891 9,584 18,176 217,406 (8,091) 232,016 223,925

Page 4 of 9

SAINT JEROME’S PRE-SCHOOL PLAYGROUP

BALANCE SHEET AS AT 31st JULY 2024 Unrestricted Funds Note £ £ Net Tangible Fixed Assets 10 36,215 Current Assets: Cash at bank and in hand 219,920 Stock of uniforms 78 219,998 Current Liabilities: Other creditors (4,723) Net Current Assets 223,775 NET ASSET VALUE 251,490 Funds of the Charity: Unrestricted Funds 251,490	2023 £ 44,394 189,448 78 189,526 (9,995) 223,775 223,925 223,925

Page 5 of 9

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:

• i. ensuring that the Playgroup keeps accounting records which comply with Section 386 and

• 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:

……………… …………….. ……………… ……………. N.G.Stark Date A.Cunningham Date

The appended notes on pages 7 and 8 form part of these accounts.

ST. JEROME’S PRE-SCHOOL PLAYGROUP

Page 6 of 9

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

1. 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[th] July 2014.and with the Charities Act 2011.

2. 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.

3. 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.

1. 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.

2. 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.

1. 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.

2. 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.

Page 7 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

10. Tangible Fixed Assets:

ngible Fixed Assets:
Cost at 1stAugust 2023 Additions Balance at 31stJuly 2024 Depreciation at 1stAugust 2023 Charge for the period Balance as at 31stJuly 2024 Net Book Value as at 31stJuly 2024	Building £ 132,463 132,463 89,910 8,748 98,658 33.805	Fixtures, fittings and equipment Total £ £ 19,565 152,028 1,372 1,372 20,937 153,400 17,724 107,634 803 9,551 18,527 117,185 2,410 36,215

11. Staff Costs Salaries Social Security costs Pension contributions Total Staff Costs	£ 138,902 2,906 3,493 145,301

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.

Page 8 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

• 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.

1. Contingent Liabilities

The Playgroup has no contingent liabilities

1. Share Capital.

The Playgroup is a company limited by guarantee and hence has no share capital.

1. Fair value of assets

There was no exposure to credit risk or liquidity at the year end.

Page 9 of 9

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[st] JULY 2024

Contents Trustees’ Annual Report Financial Statements Accounting Policies and Notes

Page 1 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

TRUSTEES’ ANNUAL REPORT 2024

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 5th. 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 LL.M., LL.B. (Hons)

Lt. Col. (Ret’d) J. P. Moreland KCHS (deceased)

S. Murphy Dip Ed, DASE

N. Stark FCCA

M. Hughes

N. Maher

CHARITY CORRESPONDENT

N.Stark FCCA

REGISTERED OFFICE

St. Jerome’s Preschool Playgroup Greenloons Drive Formby. L37 2LX.

BANKER

Natwest plc. Formby, L37 2DZ

Page 2 of 9

SAINT JEROME’S PRE-SCHOOL PLAYGROUP TRUSTEES’ANNUAL REPORT 2024 (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 of children from 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 5%. Costs have decreased by 11% as the significant capital expenditure incurred in 2023 (£37,891) has not been required in this year.

It is with great sadness that we report the passing of long standing trustee Joe Moreland.

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 checks through the Disclosure and Barring Service. 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.

Page 3 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE FINANCIAL YEAR ENDED 31[st] JULY 2024

Unrestricted Funds £ £ Incoming Resources: Voluntary Income Fees 29,812 Donations and Charity Events - Grants 124,340 Pre and after school fees 62,941 Other income 3,197 Investment Income Bank Interest 284 Total Incoming Resources 220,574 Resources Expended: Staff Costs 145,301 Insurance and professional costs 6,796 Telephone, Postage & Stationery 4,036 Repairs, maintenance and equipment 5,086 Depreciation 9,551 Other Operating Costs 22,239 Total Resources Expended 193,009 Net (Outgoing)/Incoming Resources 27,565 Funds brought forward 223,925 Total Funds carried forward 251,490

2023 £ 43,375 - 103,494 59,255 3,041 150 209,315 143,270 6,140 2,345 37.891 9,584 18,176 217,406 (8,091) 232,016 223,925

Page 4 of 9

SAINT JEROME’S PRE-SCHOOL PLAYGROUP

BALANCE SHEET AS AT 31st JULY 2024 Unrestricted Funds Note £ £ Net Tangible Fixed Assets 10 36,215 Current Assets: Cash at bank and in hand 219,920 Stock of uniforms 78 219,998 Current Liabilities: Other creditors (4,723) Net Current Assets 223,775 NET ASSET VALUE 251,490 Funds of the Charity: Unrestricted Funds 251,490	2023 £ 44,394 189,448 78 189,526 (9,995) 223,775 223,925 223,925

Page 5 of 9

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:

• i. ensuring that the Playgroup keeps accounting records which comply with Section 386 and

• 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:

……………… …………….. ……………… ……………. N.G.Stark Date A.Cunningham Date

The appended notes on pages 7 and 8 form part of these accounts.

ST. JEROME’S PRE-SCHOOL PLAYGROUP

Page 6 of 9

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

1. 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[th] July 2014.and with the Charities Act 2011.

2. 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.

3. 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.

1. 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.

2. 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.

1. 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.

2. 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.

Page 7 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

10. Tangible Fixed Assets:

ngible Fixed Assets:
Cost at 1stAugust 2023 Additions Balance at 31stJuly 2024 Depreciation at 1stAugust 2023 Charge for the period Balance as at 31stJuly 2024 Net Book Value as at 31stJuly 2024	Building £ 132,463 132,463 89,910 8,748 98,658 33.805	Fixtures, fittings and equipment Total £ £ 19,565 152,028 1,372 1,372 20,937 153,400 17,724 107,634 803 9,551 18,527 117,185 2,410 36,215

11. Staff Costs Salaries Social Security costs Pension contributions Total Staff Costs	£ 138,902 2,906 3,493 145,301

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.

Page 8 of 9

ST. JEROME’S PRE-SCHOOL PLAYGROUP

ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS 31[st] JULY 2024

• 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.

1. Contingent Liabilities

The Playgroup has no contingent liabilities

1. Share Capital.

The Playgroup is a company limited by guarantee and hence has no share capital.

1. Fair value of assets

There was no exposure to credit risk or liquidity at the year end.

Page 9 of 9

CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of st Jerornes Pre School Playgroup On accounts for the year ended 5th August 2024 Charity no (if any) 1119955 Set out on pages 1to9 I report to the trustees on my examination of the accounts of the above charity (￿he Trusf,) for the year ended 5th August 2024. Responsibilities and basis of report As the charitys trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ("the Act.). I 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, I have followed all the applicable Directions given by the Charity Cornmission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material rnatters have examiner's statement come to my attention in connection with the exarnination which give me cause to believe that in, any material respect.. the accounting records were not kept in accordance with sectlon 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a Matter considered as part of an independent examination. I have no concems 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. Signed: Date: C4./gc)2S . Name: MKS CLAIRC . Relevant professional qualification{s) or body (if any): Address: I E Rc-CGfire fDRm8 IER Oct 2018

Section B Disclosure Only Gomplete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018