Charity registration number 1124780
Company registration number 06625504 (England and Wales)
ST. PHILIP'S PRE SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ST. PHILIP'S PRE SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Paul Hutchins |
|---|---|
| Ms S Sacco | |
| Mr Philip Cunningham | |
| Secretary | Mr Paul Hutchins |
| Charity number | 1124780 |
| Company number | 06625504 |
| Registered office | St Philips Pre School |
| Ellison Road | |
| Dunston | |
| Gateshead | |
| NE8 2QU | |
| Independent examiner | TC Group |
| A6 Kingfisher House | |
| Kingsway | |
| Team Valley Trading Estate | |
| Gateshead | |
| NE11 0JQ |
ST. PHILIP'S PRE SCHOOL
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 - 13 |
ST. PHILIP'S PRE SCHOOL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report and financial statements for the year ended 31 August 2025. The financial statements are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in the accounting policy note to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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
The objects of the charity are to advance the education of children under statutory school age by providing for daily care, recreation and educational opportunities.
To achieve this, the trust provides a vast range of fun activities that create good play experiences. Many of these are linked to the school termly theme to develop the children's skills in all areas of learning.
In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission's guidance on public benefit.
Achievements and performance
Significant activities and achievements against objectives
Another positive year with grant income increasing by 3%. However wage costs increased by 8% as we continue to deliver an excellent service to our pupils within a safe and caring environment.
Financial review
The financial statements show a net deficit of £9,118 (2024- £5,723). The cash position has reduced to £41,151 in hand at the at the year end compared to £67,009 at the end of 2024. This provides a good level of security for the Pre-School moving forward.
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned expenditure. The charity has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should represent up to three months running costs. This target has been met.
The trustees do not believe going concern is an issue in the next twelve months given the careful financial management employed by the charity and level of monies held in the bank.
The trustees and management have carried out an assessment of the major risks facing the charity. Given that the charity operates with young children there are child protection procedures in place. There is a programme which constantly reviews and updates policies. Staff training in these areas is held to be of paramount importance.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 20 June 2008 and registered as a charity on 2 July 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company, which is governed under its Articles of association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
- 1 -
ST. PHILIP'S PRE SCHOOL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr Paul Hutchins
Ms S Sacco
Mr Philip Cunningham
Recruitment and appointment of trustees
The trustees continually audit the available skills of the board and look to acquire new trustees with different skills and experiences which can assist in the growth of the organisation. Recruitment is by approach and word of mouth.
Organisational structure
The charity has a management committee who meet on a regular basis.
A scheme of delegation is in place and day to day responsibility for the provision of services rests with Bernadette McNally who is the school's manager.
Induction and training of trustees
A new trustee is provided with an information pack, visits to the school are arranged and assistance is available when necessary from other trustees.
The report was approved by the Board of Trustees.
..............................
Mr Paul Hutchins
Trustee
Date: .............................................
- 2 -
ST. PHILIP'S PRE SCHOOL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees, who are also the directors of St. Philip's Pre School for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 3 -
ST. PHILIP'S PRE SCHOOL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST. PHILIP'S PRE SCHOOL
I report to the trustees on my examination of the financial statements of St. Philip's Pre School (the charity) for the year ended 31 August 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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 that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements 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 which is not a matter considered as part of an independent examination; or
-
4 the financial statements 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 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 financial statements to be reached.
TC Group
A6 Kingfisher House Kingsway Team Valley Trading Estate Gateshead NE11 0JQ
Dated: .........................
- 4 -
ST. PHILIP'S PRE SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 88,427 | 85,947 |
| Charitable activities | 3 | 357 | 213 |
| Total income | 88,784 | 86,160 | |
| Expenditure on: | |||
| Charitable activities | 4 | 97,902 | 91,883 |
| Total expenditure | 97,902 | 91,883 | |
| Net expenditure and movement in funds | (9,118) | (5,723) | |
| Reconciliation of funds: | |||
| Fund balances at 1 September 2024 | 46,956 | 52,679 | |
| Fund balances at 31 August 2025 | 37,838 | 46,956 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
ST. PHILIP'S PRE SCHOOL
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2025
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Net assets excluding pension liability The funds of the charity Unrestricted funds |
2025 £ 41,151 (3,313) |
2024 £ £ 67,009 (20,053) 37,838 37,838 37,838 37,838 |
£ 46,956 |
|---|---|---|---|
| 46,956 | |||
| 46,956 | |||
| 46,956 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
..............................
Mr Paul Hutchins
Trustee
Company registration number 06625504 (England and Wales)
- 6 -
FOR THE YEAR ENDED 31 AUGUST 2025
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
1 Accounting policies
Charity information
St. Philip's Pre School is a private company limited by guarantee incorporated in England and Wales. The registered office is St Philips Pre School, Ellison Road, Dunston, Gateshead, NE8 2QU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
FOR THE YEAR ENDED 31 AUGUST 2025
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
1 Accounting policies
(Continued)
Grants for immediate expenditure are accounted for on a receivable basis. Grants which are related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of any VAT cannot be recovered.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 8 -
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1 Accounting policies
(Continued)
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Donations and legacies
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Gateshead MBC | 88,427 | 85,947 |
| Charitable activities | ||
| 2025 | 2024 | |
| £ | £ | |
| Other income | 357 | 213 |
3 Charitable activities
- 9 -
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
4 Charitable activities
| 2025 Staff costs 84,983 Independent Examination 596 Power, Light and Heat 1,537 Legal and Professional 721 Premises 251 Rent 4,800 Resources 1,615 Telephone 1,040 Trips and Events - Postage - Sundries 708 Subscriptions 1,651 Share of support costs (see note 5) - 97,902 5 Support costs allocated to activities Charitable Activities 2025 £ Support Costs - Governance 595 6 Net movement in funds 2025 £ The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements 595 |
2024 78,637 589 1,542 773 416 4,800 2,640 947 74 40 313 752 360 |
|---|---|
| 91,883 | |
| Total 2024 £ 360 540 |
|
| 2024 £ 540 |
7 Trustee remuneration
No trustee received any remuneration during the year.
- 10 -
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Manager | 1 | 1 |
| Assistants | 2 | 2 |
| Total | 3 | 3 |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 81,020 | 75,677 |
| Social security costs | 2,094 | 1,253 |
| Other pension costs | 1,869 | 1,707 |
| 84,983 | 78,637 |
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
9 Taxation
As a charity St Philip's Pre-School is exempt from tax on income and gains falling within section 505 of the taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
10 Creditors: amounts falling due within one year
| Notes Other taxation and social security Deferred income 11 Accruals and deferred income |
2025 £ 1,077 - 2,236 3,313 |
2024 £ 1,016 17,028 2,009 |
|---|---|---|
| 20,053 |
- 11 -
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
11 Deferred income
| 2025 £ Other deferred income - Deferred income is included in the financial statements as follows: 2025 £ Deferred income is included within: Current liabilities - Movements in the year: Deferred income at 1 September 2024 17,028 Released from previous periods (17,028) Resources deferred in the year - Deferred income at 31 August 2025 - 12 Retirement benefit schemes 2025 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 1,869 |
2024 £ 17,028 |
|---|---|
| 2024 £ 17,028 |
|
| - - 17,028 |
|
| 17,028 | |
| 2024 £ 1,707 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 | Incoming | Resources | At 31 August | |
|---|---|---|---|---|
| September | resources | expended | 2025 | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 46,956 | 88,784 | (97,902) | 37,838 |
- 12 -
ST. PHILIP'S PRE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
| 13 | Unrestricted funds | (Continued) | |||
|---|---|---|---|---|---|
| Previous year: | At 1 | Incoming | Resources | At 31 August | |
| September | resources | expended | 2024 | ||
| 2023 | |||||
| £ | £ | £ | £ | ||
| General funds | 52,679 | 86,160 | (91,883) | 46,956 |
- 13 -
Document Activity Report
Document Sent
Document Approval Status
Wed, 11 Feb 2026 14:35:07 GMT Approved
Approval Activity Summary
Paul Hutchins
Approved Wed, 11 Feb 2026 19:17:08 GMT
Document Activity History
Document history shows most recent activity first
Date
Activity
Thu, 19 Feb 2026 14:48:45 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:15:07 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:14:46 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:14:38 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:14:38 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:14:31 GMT Paul Hutchins viewed the document Wed, 11 Feb 2026 19:14:24 GMT Paul Hutchins viewed the document
You can verify that this is a genuine Portal document by uploading it to the following secure web page:
http://tcgroup2.accountantspace.co.uk/messages/VerifyDocument