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2022-08-31-accounts

Charity number: 1125115

ST JOSEPH'S CHILD CARE GROUP

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

ST JOSEPH'S CHILD CARE GROUP

CONTENTS

Page
1
Reference and administrative details of thecharity,its Trustees
and advisers
Trustees' report 2-8
9 -10
Independent examiner's
11
report Statement of fnancial
12
activities Balance sheet
13
Statement of cash fows
14 -
Notes to the fnancial 28
statements

ST JOSEPH'S CHILD CARE GROUP

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022

Trustees

R Fridge, Chair A McLaren (appointed 1 September 2022) S Dew (appointed 1 September 2022) D Paterson (resigned 31 December 2021) Rev A Glaysher (resigned 1 September 2022) M C McCafferty, CBE (resigned 1 September 2022)

Charity registered number

1125115

Principal office

St Joseph's Catholic Primary School Bridge Road Aldershot Hampshire GU11 3DD

Accountants

Shaw Gibbs (Audit)

Limited Wey Court West Union Road Farnham Surrey GU97PT

Bankers

Lloyds TSB Bank pie 75 Castle Street Farnham Surrey GU97LT

Page 1

ST JOSEPH'S CHILD CARE

TRUSTEES'REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The Trustees present their annual report together with the financial statements of St Joseph's Child Care Group (the charity) for the year ended 31 August 2022. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).

Objectives and activities

a. Policies and Objectives

The purpose of the charity is identified in our objects

The charity has once again performed well against its objectives, the inclusion of the CTSA in this aspect has been further recognition of our commitment to education and the community. This reflects the work of the whole of St. Joseph's Child Care Group including: St. Joseph's Nursery, St. Joseph's Pre School, St. Joseph's Tea Time Club and CTSA. We aim to provide the necessary facilities for parents to have high quality wrap around child care. To ensure that all pre school pupils have access to quality child care. We aim to improve the support for parents and offer their children a good start to their education enabling children and parents to have increased life chances.

In setting the charity's objectives and activities the Trustees have given careful consideration, to the Charity Commission's general guidance on public benefit.

The charity offers high quality child care at an affordable price. The public benefit from both the quality and care, and as a nonprofit making organisation, the affordability to parents. As a result, parents can return to work or their studies providing greater life chances for their families. In addition, the CTSA has been providing training for prospective teachers to work within our local communities.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Grant-making policies

The Object of the charity reflects the priority of support for St. Joseph's School. Grants are made only to support St. Joseph's Catholic Primary School and other entities that benefit the school

Page2

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Achievements and performance

a.Review of activities

Performance against previous objectives:

To continue to meet the objects of the Charity (Achieved) To ensure that all documentation is reviewed annually (Achieved) To continue to service the loan successfully (Achieved)

These achievements meet our legal requirements and in so doing we remain committed to the education of children. Our strategies for achieving our objects center around the provision of highquality training for our staff. This ensures high-quality provision of our delivery. To make sure that the settings are financially viable. We use the following criteria to measure the success of the settings.

  1. Feedback from parents

  2. Feedback from OFSTED

  3. Reporting from Setting management

  4. Is the charity financially viable.

  5. Have we maintained a high level of staffing qualifications?

ST JOSEPH'S CHILD CARE GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

In line with the Child Care Group reserves policy, the Child Care Group intends to build up a reserve equivalent to three months operating costs. This reserve would then be used, if required to do so, to cover the costs associated with winding down the provision.

In accordance with our loan agreement the CCG has gifted £5,000 to the St Joseph's Catholic Parish in the previous financial year. We are due to gift a further £5,000 in the next academic year.

c. Financial risk management objectives and policies

The Charity has had a successful fifteen years in operation. We have successfully developed all settings and they continue in a sound financial position despite the impact of the Pandemic. The Charity continues to work in association with St. Joseph's School to promote the use of this Community Room. The settings continue to run independently on behalf of the Charity. This has been a very challenging year again because of the current economic environment which is set to continue for the foreseeable future. The inclusion of the CTSA for this year has had a positive effect. The charity has been subject to challenging financial conditions. Tight financial control will continue to be our main focus for the coming year together with preparation for inspection.

d. Principal funding

There are two principal funding sources:

  1. Fees this is the largest funding source and is paid by the parents.

  2. Early Years Funding Grant this provides for 15 hours of free funding to parents paid directly to the setting for children aged 3+ Additional 15 hours funding for working parents.

  3. Training fees generated by the CTSA

e. Financial review

There was a surplus for the year of £64,157 and, at the year end, the charity held total reserves of £139,653. There were no funds held for restricted purposes.

The charity is slowly recovering from the longer term of the pandemic. We have recovered consistently and whilst we are not yet back to a pre-pandemic position we continue to make steady progress. The Cost and Living Crisis has also impacted with respect to out after school provision. This is recovering well but it still represents a significant event. We have a clear plan with regards to our staff to pupils' ratio to ensure that we are financially viable over the long term. Trustees have closely monitored the financial performance of the individual settings to minimize any risk of failure. Going forward the trustees will adopt the same strategy, to insure that the viability of the setting are always considered. An external OFSTED inspection will validate this further.

Page4

ST JOSEPH'S CHILD CARE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management

a. Constitution

St Joseph's Child Care Group was registered with the Charity Commission on 22 July 2008, charity number 1125115. The charity is governed by its constitution adopted on 7 May 2008.

The principal objects of the charity are:

There have been no changes in the objectives since the last annual report.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees. Trustees are appointed by virtue of being members of the charity or members of St Joseph's Academy's Directors/Governors. Trustees are appointed by membership election.

Trustees are recruited through advertising within the community and diocese. There then have to apply through OFSTED to ensure that all Trustees are fit to carry out the requirements of the post. Once approved the Chair of the Trustees is appointed by election. All Trustees receive induction.

Pages

ST JOSEPH'S CHILD CARE GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management (continued)

c. Organisational structure and decision-making

policies Charity Structure

Trustees - Appointed

Registered Person - Appointed by Trustees Setting Manager - Appointed by the Registered Person Members - Any parenVcarer who has a child registered at a setting

Decision Making

The Trustees hold the overall responsibility for all the settings including financial arrangements/ Compliance/ Heath and Safety. All decisions relating to the objects of the charity are the responsibility of the charity. This also includes approving policy and procedures.

The registered person is delegated all compliance with regards to the Charitable Status for all

the settings. The setting managers are delegated all the 'day to day' responsibilities.

The members are regularly consulted for feedback in the services and support provided.

Manger's pay is set through the annual performance management cycle and benchmarked against the industry averages. This is also the case for staff at all levels. The charity complies with all aspects of minimum wage legislation.

Particulars:

Governing Document: Trust Deed Constitution: Unincorporated Association

Appointment of New Trustees:

Trustees are appointed by formal application. Three new Trustees have ben appointed for the 2022/23 academic year.

Structure:

Trustees: Three Trustees: Alison McLaren (Chair}, Richard Fridge, Stephanie Dew

Registered Person: Bill James

Setting Managers:

Alison O'Shea (PS}

Amanda Fitzgerald (N} (Resigned February 2022} Zuzana Davis (N} (Appointed February 2022} Jillian Cairns (TIC} Bill James (CTSA)

d.Pay policy for key management personnel

Salaries for key management staff are set by the Trust with the support of the Finance Officer, in accordance with the charity's Remuneration Policy and approved by the Trustees. Local and national comparators are taken into account, alongside individual responsibility levels and performance.

Page6

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management (continued)

e. Trustees' indemnities

In accordance with normal commercial practice the charity has purchased insurance to protect Trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on charity business. The insurance provides cover up to £Sm on any one claim and the cost the cost of this insurance is included in the total cost.

Reference and administrative details

See Page 1

Exemptions from Disclosure

There are no exemptions from disclosure.

Funds held as custodian Trustee on behalf of others

There are no funds held as custodian Trustees on behalf of others.

Plans for future periods

To continue to meet the objects of the Charity. To maintain the long-term future of the charity through tight financial control " post pandemic. If inspected get at least a GOOD" grading. To assess the long-term validity of the CTSA. Continue to service the loan. ' Support St. Joseph s School financially with an at least £15,000 donation in the next financial year.

ST JOSEPH'S CHILD CARE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity 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 charity's transactions and 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 Charities Act 2011, the Charity

{Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

cige (Chair of Trustees) Date: 1.S/t:,,fo/2J

Page

STJOSEPH'S CHILD CARE Page

ST JOSEPH'S CHILD CARE GROUP

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022

Independent examiner's report to the Trustees of St Joseph's Child Care Group ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2022.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 fair' view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Page 9

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Mark Dickinson FCA Shaw Gibbs (Audit) Limited Wey Court West Union Road Farnham Surrey GU97PT Date: \5

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

Not
e
Incomefrom:
Donations and legacies
3
Charitable activities
4
Otherincome
5
Total income
Expenditure on:
Charitableactivities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
Total
funds
Tota
l
fund
s
2022
£
2022
£
2021
£
50,403
50,403
16,072
532,911
532,911
402,613
12,423
12,423
17,800
595,737
595,737
436,485
531,580
531,580
393,415
531,580
531,580
393,415
64,157
64,157
43,070
75,496
75,496
32,426
64,157
64,157
43,070
139,653
139,653
75,496

The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 14 to 28 form part of these financial statements.

ST JOSEPH'S CHILD CARE GROUP

BALANCE SHEET AS AT 31 AUGUST 2022

Fixed assets
Not
e
Tangible assets
13
Currentassets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Netcurrentassets
Totalassets lesscurrentliabilities
Creditors:amounts fallingdueafter
more than one year
17
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
18
Unrestrictedfunds
18
Totalfunds		 3,598
2,838
165,43
5		 2022
£
6,807		 2,659
2,555
132,526		 2021
£
9,558
6,807
135,172		 9,558
94,471
171,871
(36,699)		 137,740
(43,269)
104,029
(28,533)
75,496
75,496
75,496
75,496

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

R Fridge (Chair of :Justees) Date: 1.5(8"/2-!::.

The notes on pages 14 to 28 form part of these financial statements.

Page

STJOSEPH'S CHILD CARE GROUP Page

ST JOSEPH'S CHILD CARE GROUP

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022

Cashfows from operating activities
Not
e
Net cash usedinoperating activities
20
Cash fows from investing activities
Purchase of tangible fxed assets
Net cash usedininvestingactivities
Cash fows from fnancing activities
Repayments ofborrowing
Net cash used in fnancing activities
Change incash and cash equivalents inthe year
Cash and cash equivalents at the beginning of the year
Cashand cash equivalents at theend of the year
2
1		 2022
£
60,082
(317)
(317)
(26,856)
(26,856)
32,909
132,526
165,435		 2021
£
59,402
(803)
(803)
(26,856)
(26,856)
31,743
100,783
132,526

The notes on pages 14 to 28 form part of these financial statements

Page 13

ST JOSEPH'S CHILD CARE GROUP Page 14

ST JOSEPH'S CHILD CARE GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1. General information

St Joseph's Child Care Group is a registered Charity, charity number 1125115. The charity is governed by its constitution adopted on 7 May 2008. Its registered office is Bridge Road, Aldershot, Hampshire, GU11 3DD.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

St Joseph's Child Care Group 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.

2.2 Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. Accounting policies (continued)

2.4 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 allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Fixtures and - 10% and 20% Straight line fittings Office - 33% Straight line equipment

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. Accounting policies (continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
50,403
Unrestricted
funds
2021
£
Donations
16,072
4.
Incomefrom charitable activities		 Tota
l
fund
s
202
2
£
50,40
3
Total
funds
2021
£
16,072
Unrestrict
ed
funds
202
2
£
Fees
208,285
Funding
227,383
Training
97,243
Total 2022
532,911
Unrestricte
d
funds
2021
£
Fees
167,355
Funding
235,25
8		 Total
funds
202
2
£
208,285
227,383
97,243
532,911
Tota
l
fund
s
2021
£
167,35
5
235,25
8

Total 2021 402.61 402.61

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

5. Other incoming resources

Uniform Sales
Supervision
Bank Interest
Otherincomingresources
Furloughscheme income
UniformSales
Bank Interest
Otherincomingresources
6.
Analysis of expenditureoncharitable activities
Summary by fund type
Charitable activities - child care
Charitable activities-training		 Unrestricte
d
funds
202
2
£
12,269
43
35
76
12,423
Unrestricte
d
funds
2021
£
5,202
12,556
(105)
147
17,800
Unrestrict
ed
funds
202
2
£
407,602
123,978
531,580		 Tota
l
fund
s
202
2
£
12,269
43
35
76
12,423
Total
funds
2021
£
5,202
12,556
(105)
147
17,800
Total
202
2
£
407,602
~~123,978~~
531,580

ST JOSEPH'S CHILD CARE GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

  1. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Summary by fund type (continued)
Unrestricte
d
funds Total
202 202
1 1
£ £
Charitable activities 393,415 393,415
  1. Analysis of expenditure by activities
Activities
undertaken
directly
2022
£
Charitable activities - child care
403,198
Charitable activities -training
123,978
527,176
Charitable activities
Activiti
es
undertak
en
directly
2021
£
390,141		 Support
Total
costs
funds
202
2
£
202
2
£
4,404
407,602
123,978
4,404
531,580
Support
costs
Tota
l
fund
s
2021
2021
£
£
3,274
393,415

Page 22

ST JOSEPH'S CHILD CARE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staf costs
Supplies
Insurance
Rent
Training
ManagementFees
Legal and Professional Fees
Repairsand Maintenance
SundryExpenses
Loan Interest
Depreciation
Donations
Uniform Costs
Advertising
Paymentcharges		 Total
Childcare
Training
funds
2022
£
2022
£
202
2
£
295,589
75,688
371,277
12,282
12,282
1,514
1,514
27,000
27,000
348
23,578
23,926
37,998
37,998
4,564
4,564
1,854
1,854
2,121
2,121
649
649
3,068
3,068
2,636
23,425
26,061
12,307
12,307
1,253
8
1,261
15
1,279
1,294
403,198
123,978
527,176

Page 23

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

7. Analysis of expenditure by activities (continued) Analysis of direct costs (continued)

Stafcosts
Supplies
Insurance
Rent
Training
ManagementFees
Legal and Professional Fees
Repairs and Maintenance
Sundry Expenses
Loan Interest
Depreciation
Donations
UniformCosts
Payment charges
Other Expenses		 Child care
Training
Tota
l
fund
s
2021
£
2021
£
2021
£
295,495
295,495
10,356
10,356
1,556
1,556
18,000
18,000
1,056
1,056
26,000
26,000
5,191
5,191
5,153
5,153
1,219
1,219
1,022
1,022
4,708
4,708
5,020
5,020
15,283
15,283
40
40
42
42
390,141
390,141
8.
Donations
St Joseph's Catholic Primary School
St Joseph's Catholic Church
Crackerjacks Children's Trust		 2022
£
2021
£
26,061
5,000
20
26,061
5,020

9. lndependant Examiner's Remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,500 - (2021

£2, 112).

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

10. Governance Costs

Unrestrict
ed
fund
s
202
2
£
lndependantexaminer's remuneration
2,500
Accountancy fees
1,904
4,404
Unrestricte
d
funds
2021
£
lndependantexaminer's remuneration
2,112
Accountancy fees
1,162
3,274
1.
Staf costs
Wages and
salariesSocial
security costs
Contribution to defned contribution pension schemes
202
2
£
328,694
9,907
32,676
371,277		 Tota
l
fund
s
202
2
£
2,500
1,904
4,404
Total
funds
2021
£
2,112
1,162
3,274
202
1
£
256,557
9,347
29,591
295,495

11. Staff costs

The average number of persons employed by the charity during the year was as follows:

2022 2021
29 31

The average headcount expressed as full-time equivalents was:

2022 2021 15 25

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

11. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

During year ending 31 August 2021 the key management personnel received remuneration totalling

£73,292 (2021: £75,046) and pension contributions totalling £6,676 (2021: £12,257) were made on their behalf.

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).

During the year ended 31 August 2022, no Trustee expenses have been incurred (2021 - £NIL).

13. Tangible fixed assets

Cost or valuation
At 1 September
2021 Additions
At 31 August 2022
Depreciation
At 1 September
2021 Charge for
the year
At 31 August 2022
Net book value
At 31 August 2022
At 31 August 2021		 Fixturesand
fttings
Ofce
equipmen
t
Total
£
£
£
35,891
4,166
40,057
317
317
36,208
4,166
40,374
26,792
3,707
30,499
2,886
182
3,068
29,678
3,889
33,567
6,530
277
6,807
9,099
459
9,558

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

14. Stocks

2022 2021
£ £
School Uniforms 3,598 2,659

15. Debtors

Other debtors
Prepayments and accruedincome
2022
£
1,948
890
2,838		 2021
£
1,942
613
2,555

16. Creditors: Amounts falling due within one year

Trade creditors
Othertaxationand social security
Other creditors
Accruals and deferred income
17.
Creditors: Amountsfallingdue after more than
one year
Other loans
2022
£
2,047
3,905
27,131
3,616
36,699
2022
£
2,326		 2021
£
2,955
2,803
34,039
3,472
43,269
2021
£
28,533

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

18. Statement of funds

Statement of funds- current year
Balance at 1
September
2021
£
Unrestricted funds
General Funds - child care
75,496
General Funds-training
~~75,496~~		 Balance
at31
August
Incom
e
£
Expenditure
£
202
2
£
448,494
(407,602)
116,388
147,243
(123,978)
23,265
~~595,737~~
(531,580)
~~139,653~~

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

18. Statement of funds (continued)

Statement of funds - prior year

Balance Balance
at 1 at31
September August
2020 Income Expenditure 2021
£ £ £ £
Unrestricted funds
General Funds-allfunds 32,426 436,485 (393,415) 75,496

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

current year
Tangible fxedassets
Currentassets
Creditorsduewithinoneyear
Creditorsdueinmorethanone
year
Total
Analysis of net assets between funds-prior
year
Unrestricted
funds
2022
£
6,807
171,871
(36,699)
(2,326)
139,653
Unrestricted
funds
2021
£
Tangible fxed assets
9,558
Currentassets
137,740
Creditors duewithin one year
(43,269)
Creditors dueinmorethanoneyear
(28,533)
75,496		 Total
funds
2022
£
6,807
171,87
1
(36,699)
(2,326)
139,65
3
Total
funds
2021
£
9,558
137,740
(43,269)
(28,533)
75,496		 Total
funds
2022
£
6,807
171,87
1
(36,699)
(2,326)
139,65
3
Total
funds
2021
£
9,558
137,740
(43,269)
(28,533)
75,496
75,496

Total

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustmentsfor:
Depreciation chargesDecrease/
(increase)in stocksDecrease/
(increase)in debtors lncrease/
(decrease) in creditors
Net cash provided by operating activities		 2022
£
64,157
3,068
(939)
(283)
(5,921)
60,082		 202
1
£
43,070
4,708
2,118
4,956
4,550
59,402

21. Analysis of cash and cash equivalents

2022 2021
£ £
Cash in hand 165,435 132,526

22. Analysis of changes in net debt

At1
September
At31
2021 Cash fows August2022
£ £ £
Cash at bank and in hand 132,526 32,909 165,43
5
Debt due after 1 year (28,533) 26,207 (2,326)
103,993 59,116 163,10
9

23. Pension commitments

The Charity operates a defined contribution pension scheme. During the year the charity made pension contributions totalling £32,676 (2021: £29,591). No contributions were repayable at 31 August 2022(2021:

£3,895).

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

24. Related party transactions

The Charity has Trustees in common with Mother Teresa Catholic Academy Trust (St Joseph's Academy). During the year, St Joseph's Child Care Group made the following payments to St Joseph's Academy:

Management fees
Rent
Donation		 202
2
£
37,998
27,000
26,061
91,059		 202
1
£
26,000
18,000
44,000

During the year Mother Teresa Catholic Academy Trust made a donation to St Joseph's Child Care Group of £50,000 (2021: £15,800).

25. Controlling party

The charity is under the control of the trustees.