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2023-08-31-accounts

Company registration number: 06526236 Charity registration number. 1124184

St Gregory's1 Pre-School Limited.

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2023

Fruition Accountancy LLP 29 Wood Street Stratford Upon Avon Warwickshire CV37 6JG

F

St Gregory's Pre-School Limited

Contents

Reference and Administrative Details 1
Trustees’ Report 2to4
Statement ofTrustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7to8
Balance Sheet 9 to 10
NotestotheFinancialStatements 11to19

St Gregory's Pre-School Limited

_ Reference and Administrative Details

Trustees

Mrs K Lees

Mrs H Bromiey Mrs S Wilkes Mrs C Ashford

L Quirke

Mrs F Ellis (appointed 15 December 2023)

Principal Office Avenue Road Stratford Upon Avon Warickshire CV37 6UZ Registered Office Avenue Road Stratford Upon Avon Warwickshire CV37 6UZ Company Registration Number 06526236

Charity Registration Number 1124184 Bankers Lloyds Bank Plc 22 Bridge Street Stratford Upon Avon Warwickshire CV37 6AG

:

The Co-Operative Bank Plc PO Box 200 Deif House Southway Skelmersdale Lancashire WN8 6NY

Independent Examiner Fruition Accountancy LLP 29 Wood Street Stratford Upon Aven Warwickshire CV37 6JG

Page 1

St Gregory's Pre-School Limited

Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2023.

Objectives and activities

Objects and aims

In setting our objectives and planning our activities our trustees have been given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

The Charity’s objectives are:

~ To give the children access to a well-equipped, stimulating indoor and outdoor environment.

We believe that the staff employed by the trustees are key to achieving these objectives, and to ensure this we have put following actions in place:

We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. We make reasonable adjustments to meet the needs of staff or children who are or become disabled.

Pubiic benefit

Little Greg's Pre School and Out of School Club provides a safe childcare provision for children aged between 2-11 years.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Aci 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

, St Gregory's Pre-School Limited Trustees’ Report

Financial review

It has again been a challenging financial year for St Gregory's Pre-School Limited. Autumn 22-23 saw smaller numbers of pupils, this did pick up during the Spring and Summer terms, and finances reflect this.

A mixture of income is still being maintained, with NEF funding, non-funded income, as well as club LG (breakfast and after school provision). This was supplemented with fundraising and donations.

The major figures within the overheads relate to staff salaries and the associated NIC/PAYE costs. There is also a significant annual charge of £12,000 from the M.A.C. within this overhead total which is our annual rent charge. These are the two main ‘costs’ associated with running the pre-school. The statutory National Minimum Wage changes have had an impact on the pre-school finances and obviously reflect in higher staffing costs, and the fees charged are consianily being reviewed in order to understand the potential implications of increases to cover these.

Our finances and the reserves are still overall healthy, with sustainable reserves in both Fixed Time Deposit account and also our day to day deposit accounts. We have during this 12 month period started to explore both 32-90-day notice accounts and also both 3 and 6 month fixed term accounts . This is starting to generate ‘interest’ income and will be an ongoing exercise moving forward.

Our current liabilities mainly relates to the end of year PAYE/NIC/Pension liability, all of which is cleared and paid off during September 2023.

Monies owed to the Pre-School are at a significantly reduced value this year, so whilst there are a number of smaller value debtors, the overall picture is a lot more positive than was reported last year. Our Direct Debit Scheme which was introduced recenily is making it a lot easier to obtain payments and overall leads to less older debts.

It has been a challenging pre-school ‘financial as well as ‘within the room’ year, and our significant loss does reflects this. However, the figure was not unexpected in view of the challenges presented.

The trustees are committed to supporting the Pre-School Manager and her staff to deliver a high quality and sustainable level of care to cur pupils. Our reputation is a very positive one within the Education Authority system.

Policy on reserves

It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level which provides sufficient funds to meet ongoing operating expenditure, as well as being able to maintain and extend the facilities available to the staff and the children attending the facility.

Structure, governance and management

Nature of governing document

The charity (operating as Little Greg’s Pre School & Out of School Club) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 25 February 2008. It is registered charity with the Charity Commission. The registered charity number is 1124184.

Page 3

St Gregory's Pre-School Limited

Trustees’ Report

Recruitment and appoiniment of trustees

The trustees, who are also the directors for the purpose of the company law, and who served during this year were:

Mrs K Lees

Mrs Bromiley Mrs S Wilkes Mrs C Ashford L Qurike Mrs F Ellis (appointed 15th December 2023) As set out in the Articles of Association, trustees are appointed and reappointed annually at the Annual General Meeting.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.

The Trustees receive no payment in their capacity of acting as trustees. Three trustees, who for fill a working role within the Pre-School therefore, receives a fair remuneration for this role. The details of her remuneration are included in Note 8 in the Notes to the accounts.

The annual report was approved by the trustees of the charity on 20.8.14 and signed on its behalf by: a

a: DAE

Trustee

Trustee

Page 4

St Gregory's Pre-School Limited

Statement of Trustees’ Responsibilities

The trustees (who are also the directors of St Gregory's Pre-School Limited for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 22-5. 2b ang signed on its behalf by:

  1. Wu kG. . Mrs S Wilkes Trustee

Mrs C Ashford Trustee

Page 5

St Gregory's Pre-School Limited

Independent Examiner's Report to the trustees of St Gregory's Pre-School Limited

I report on the accounts of the charity for the year ended 31 August 2023 which are set out on pages 7to19.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the genera! Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

29 Wood Sireet Stratford Upon Avon Warwickshire CV37 6JG

pate. 22108[does

Page 6

;

St Gregory's Pre-School Limited

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||||||||| |---|---|---|---|---|---|---|---| |Statement|of|Financial|Activities|for the Year Ended|31|August|2023| |(Including|Income|and|Expenditure Account and|Statement|of Total| |Recognised|Gains|and|Losses)|.| |Unrestricted|Restricted|Total| |funds|funds|2023| |Note|£|2|£| |Income|and|Endowments|from:| |Donations|and|legacies|3|1,326|-|1,326| |Charitable|activities|4|194,437|-|194,437| |Other income|951|-|951| |Total|Income|196,714|-|196,714| |Expenditure|on:| |Raising|funds|5|(85)|-|(85)| |Charitable|activities|6|(231,556)|-|(231,556)| |Total|Expenditure|(231,641)|-|(231,641)| |Net|expenditure|(34,927)|-|(34,927)| |Transfers|between|funds|1,412|(1,412)|-| |Net movement|in|funds|(33,515)|(1,412)|(34,927)| |Reconciliation|of funds| |Total funds|brought|forward|130,835|1,412|132,247| |Total|funds|carried|forward|15|97,320|-|97,320| |Unrestricted|Restricted|Total| |funds|funds|2022| |Note|£|£|£| |Income|and|Endowments|from:| |Donations|and|legacies|3|1,924|-|1,924| |Charitable|activities|4|204,898|-|204,898| |Other|income|28|-|28| |Total|Income|206,850|-|206,850| |Expenditure|on:| |Raising|funds|5|(539)|-|(539)| |Charitable|activities|6|(214,662)|(38)|(214,700)| |Total|Expenditure|(215,201)|(38)|(215,239)| |Net|expenditure|(8,351)|(38)|(8,389)| |Net|movement|in funds|(8,351)|(38)|(8,389)| |Reconciliation|of funds| |. Fotal funds|brought|forward|139,186|1,450|140,636| |Total funds|carried|forward|15|130,835|1,412|132,247|

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Page 7

St Gregory's Pre-School Limited

Statement of Financiai Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.

Page 8

St Gregory's Pre-School Limited

(Registration number: 06526236) Balance Sheet as at 31 August 2023

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Note|£|£| |Fixed|assets| |Tangible assets|42|6,415|6,729| |Current|assets| |Debtors|13|734|2,497| |Cash|at bank and|in|hand|99.176|126,882| |99,910|129,379| |Creditors: Amounts|falling|due within|one year|14|(9,005)|(3,861)| |Net|current|assets|90,905|125,518| |Net assets|97,320|432,247| |Funds|of the|charity:| |Restricted|funds|-|1,412| |Unrestricted|income|funds| |Unrestricted|funds|97,320|130,835| |Total funds|15|97,320|132,247|

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For the financial year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to smail companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Page 9

St Gregory's Pre-School Limited

(Registration number: 06526236) Balance Sheet as at 31 August 2023

The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 22.82% and signed on their behalf by-

Mrs S Wilkes Trustee

Mrs C Ashford Trustee

Page 10

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated,

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) and the Companies Act 2006.

Basis of preparation

St Gregory's Pre-School Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statemeni in these financial statements.

Page 11

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

income and endowments

Unrestricted income funds are general funds that are available for use st the trustees’ discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Further details of funds are disclosed in the notes.

Donations are recognised when received at the business address.

Grants received are treated as income when the charity is entitled to receipt and the amount can be measured with reasonable accuracy.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the conirol of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where cosis cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 12

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

Governance costs

These include the costs aitributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government granis

Grants received are treated as income when the charity is entitied to receipt and the amount can be measured with reasonable accuracy.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the: extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold buildings 10% Straight line Fixtures and fittings 25% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured ait amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 13

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer seitlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unresiricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted fo that area or purpose.

3 Income from donations and legacies

Unrestricted
funds
General Total
2023		 Total
2022
£ £ £
Donaiions and legacies;
Donationsfromindividuals 1,326 1,326 1,924

Page 14

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

4 Income from charitable activities

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||||||| |---|---|---|---|---|---| |Unrestricted| |funds| |General|Total2023|Total2022| |£|£|£| |Provision|of nursery|services|194,437|194,437|204,898|

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5 Expenditure on raising funds

a) Costs of generating donations and legacies

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||||| |---|---|---|---| |Unrestricted| |funds| |General|Total2023|Total2022| |Note|£|£|£| |Donations|85|85|539| |Total| |2023| |£|

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& Expenditure on charitable activities

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|||||||| |---|---|---|---|---|---|---| |Unrestricted| |funds| |General|Total2023|Total2022| |Note|£|£|£| |Provision|of|nursery|services|15,307|45,307|9,985| |Staff costs|9|182,382|182,382|174,301| |Allocated|support costs|7|32,697|32,697|27,678| |Governance|costs|7,10|1,170|1,170|2,736| |231,556|231,556|214,700|

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Page 75

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

7 Analysis of governance and support cosis

Support costs allocated to charitable activities

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Adminisiration Total
costs 2023
£ £
Provision of nursery services 32,697 32,697
Governance cosis
Unrestricted
funds
General Total2023 Total2022
£ £ £
independent examiner fees
Examination of the financial statements 1,170 1,170 2,736
8 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Mrs H Bromley
Mrs H Bromley received remuneration of £31,602 (2022: £30,584) during the year.
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Nirs C Ashford

Mrs C Ashford received remuneration of £10,910 (2022: £10,827) during the year.

Mrs S Wilkes

Mrs S Wilkes received remuneration of £37,844 (2022: £37,180) during the year.

9 Staff costs

The aggregate payroll costs were as follows:

The aggregateaggregate payroll costs were aswere asas follows:
2023 2022
£ £
Staffcosts during theyearwere:
Wagesand salaries 169,572 . 162,703
Social security costs 10,337 9,495
Pension costs 2,473 2,103
182,382 174,301

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

Page 16

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

2023 2022 No No 12 14

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||||||||| |---|---|---|---|---|---|---|---| |Charitable|activities|12|14| |No employee|received|emoluments|of more than|£60,000|during|the|year.| |10|Independent|examiner's|remuneration| |2023|2022| |£|&€| |Examination|of the financial|statements|1,170|2,736|

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11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Tangible fixed assets

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|||||||| |---|---|---|---|---|---|---| |Furniture| |Land|and|and| |buildings|equipment|Total| |£|£|£| |Cost| |At|1|September 2022|36,349|17,356|53,705| |Additions|-|3,050|3,050| |At 31|August 2023|36,349|20,406|56,755| |Depreciation| |At|1|September 2022|32,542|14,434|46,976| |Charge for the year|2,634|730|3,364| |At 31|August 2023|35,176|15,164|50,340| |Net|book|value| |At|31|August|2023|1,173|5,242|6.415| |At|31|August 2022|3,807|2,922|6,729|

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Page 17

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

13 Debiors

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||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Trade|debtors|-|1,784| |Prepayments|734|713| |734|2,497| |14|Creditors:|amounts|falling|due within|one year| |2023|2022| |£|£| |Trade|creditors|5,191|4,092| |Other taxation|and|social|security|2,261|1,338| |Other|creditors|383|465| |Accruals|1,170|966| |9,005|3,861|

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15 Funds

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|||||||| |---|---|---|---|---|---|---| |Balance|at| |1|Balance|at| |:|September|Incoming|Resources|31|August| |2022|resources|expended|Transfers|2023| |£|£|£|£|£| |Unrestricted|funds| |General| |Unrestricted fund|130,835|196,714|(231,642)|1,412|97,319| |Restricted|funds| |Restricted|fund|1,412|-|-|(1,412)|-| |Total funds|132,247|196,714|(231,642)|-|97,319|

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Page 18

St Gregory's Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

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||||||| |---|---|---|---|---|---| |Baiance|at|1|Balance|at| |September|incoming|Resources|31|August| |2021|resources|expended|2022| |£|£|£|£| |Unrestricted|funds| |General| |Unrestricted fund|139,186|206,850|(215,201)|130,835| |Restricted|funds| |Restricted|fund|1,450|-|(38)|1,412| |Total funds|140,636|206,850|(215,239)|132,247| |16|Analysis|of net|assets|between|funds|

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||||| |---|---|---|---| |Unrestricted| |funds| |General|Total funds| |£|£| |Tangible fixed|assets|6,415|6,415| |Current assets|99,910|99,910| |Current|liabilities|(9,006)|(9,006)| |Total|net assets|97,319|97,319|

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