**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.
5. 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.
6. 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.
8. 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.
9. 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.
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.
15. 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.
5. 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.
6. 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.
8. 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.
9. 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.
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.
15. 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