Charity number: 1125115 | # ST JOSEPH'S CHILD CARE GROUP ## UNAUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 **----- Start of picture text -----**
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, ## ST JOSEPH'S CHILD CARE GROUP PsPih hss ## CONTENTS **----- Start of picture text -----**
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |.| |Page| |Reference|and|administrative|details|of the|charity,|its|Trustees|and|advisers|1| |Trustees’|report|2-8| |Independent examiner's report|9-10| |Statement|of financial|activities|11| |Balance|sheet|__|12| |Statement of cash|flows|13| |Notes|to the financial|statements|14-27| **----- End of picture text -----**
. ; ; , ; : ## ST JOSEPH'S CHILD CARE GROUP a REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023 ## Trustees A McLaren, Chair (appointed 1 September 2022) R Fridge S Dew (appointed 1 September 2022) 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 GU9 7PT ## Bankers Lloyds TSB Bank plc 75 Castle Street Farnham Surrey GU9 7LT **----- Start of picture text -----**
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eae Page 1 ; ) ## a :ST JOSEPH'S CHILD CARE GROUP TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023 ert ES 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 2023. 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. Pollcles and Objectives The purpose of the charity is Identified in our objects - a. To provide the necessary facilities for the daily care, recreation and education of the children during out of school hours and school holidays; - b. To provide opportunities for play and education for children whilst involving parents and carers; c. To advance the education and training of persons in the provision of such care, education and recreational facilities. , The charity has once again performed well against its objectives, the inclusion of the CTSA (which provides training services) In thls 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 thelr 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 thelr families. In addition, the CTSA has been providing training for prospective teachers to work within our local communitles. - Its aims, including details of the Issues It seeks to tackle and the changes or differences It seeks to make: e through its activities; - how the achievement of its aims will further its tegal purposes; - e its strategies for achieving its stated aims and objectives; - e the criteria or measures It uses to assess success in the reporting perlod; and - e the significant actlvities undertaken (including its main programmes, projects or services provided), explaining how they contribute to the achievement of its stated aims and objectives. ; In setting objectives and planning for activities, the Trustees have glven 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. , Page 2 ; , ; ## ee ## ST JOSEPH'S CHILD CARE GROUP **----- Start of picture text -----**
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ## Achievements and performance ## a. Review of activities ## Performance against previous objectives: - e To continue to meet the objects of the Charity (Achieved) - e To ensure that all documentation Is reviewed annually (Achieved) - e To continue to service the loan successfully (Achieved) - ¢ To maintaln the high levels of quailfications in each setting (Achieved) e To train high quality teachers for the local community (Achleved)} These achievements meet our legal requirements and In so doing we remain committed to the education of children. Our strategles for achieving our objects center around the provision of high-quality 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, \s the charity financially viable. 5. Have we maintained a high level of staffing qualifications? **----- Start of picture text -----**
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Page 3 . ; ; : : : : : ‘ : ; : : i ; i i i | | | ## ee ST JOSEPH'S CHILD CARE GROUP re Enna a aaa TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 cee ## 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 ine 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 have gift a further £5,000 in this academic year. ## c. Financial risk management objectives and policies The Charity has had a successful sixteen 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 now three principal funding sources: 1. Fees this fs 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 pald directly to the setting for children aged 3+, an additional 15 hours funding for working parents. 3. Training fees generated by the CTSA. ## e. Financial review There wasa deficit for the year of £16,400 however, at the year end, the charity still held total reserves of £123,253. 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 of Living Crisis has also impacted our 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 stings to minimize any risk of failure. Going forward the trustees will adopt the same strategy, to insure that the viabllity of the setting are always considered. An external OFSTED inspeciion will validate this further. _ TS Page 4 a ce . ; ; . **----- Start of picture text -----**
ST JOSEPH’S CHILD CARE GROUP
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TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
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## 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. ere Page 5 ST JOSEPH'S CHILD CARE GROUP , ; ## a **----- Start of picture text -----**
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TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
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## 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 parent/carer who hasa 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. Two new Trustees have been 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) Zuzana Davis (N) Jillian Cairns (TTC) 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. ## _—_— eeeeeeeeeSSSSSSSeSeSeSeseeSeSeSSSSSSS Page 6 ST JOSEPH’S CHILD CARE GROUP , . | 7 7 : . 7 a Mo ## eee a a A a, TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ## 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 caver up to £5m on any one claim and the cost of thls 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. ## Pians for future periods - e Tocontinue to meet the objects of the Charity. e To maintain the fong-term future of the charity through tight financial control post pandemic. * if inspected get at least a "GOOD" grading. e Toslowly close down CTSA. e To build up reserves, ; e Support St. Joseph’s School financially with an at least £15,000 donation in the next financial year. | | | | NN Page 7 ee ST JOSEPH'S CHILD CARE GROUP : ; : ; ; **----- Start of picture text -----**
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TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
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## 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: - selact sultable accounting policies and then apply them consistently; - e observe the methods and principles of the Charities SORP (FRS 102); - e make judgments and accounting estimates that are reasonable and prudent; - ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - ° prepare the financial statements on the going concer basis unless it ls inappropriate to presume that the charity will continue in business. 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: A McLaren (Chair of Trustees) Date: . a Page 8 1 | . | ; **----- Start of picture text -----**
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ST JOSEPH'S CHILD CARE GROUP
LS SAS Sp sss SSNs,
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
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Independent examiner's report to the Trustees of St Joseph's Child Care Group (‘the charity’)
oe to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August
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## 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'). | 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 | have followed the applicable Directions given by the Charity Commission under section 146(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. | confirm that | am qualified to undertake the examination because | 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. | 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. ; | have completed my examination. | 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 conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts givea ‘true and fair’ view which {s not a matter considered as part of an independent examination. . | 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 ee a . ; # ST JOSEPH'S CHILD CARE GROUP ## INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 This report is made solely to the charity's Trustees, as a bady, in accordance with Part 4 of the Charities ' (Accounts and Reports) Regulations 2008, My work has been undertaken so that | might state to the charity's Trustees those maiters | am required fo state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | 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: *VY\. &D RVLAS-s4 . ## Mark Dickinson FCA Shaw Gibbs (Audit) Limited Wey Court West Union Road Farnham _ Surrey GU9 7PT Date: QO loc lQo7 k : Page 10 ! ## ST JOSEPH'S CHILD CARE GROUP **----- Start of picture text -----**
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STATEMENT OF FINANCIAL. ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2023
Unrestricted Total Total
funds funds funds
2023 2023 2022
Note £ £ £
Income from:
Donations and legacies 3 50 50 50,403
Charitable activities 4 531,338 531,338 532,917
Other income 5 12,020 12,020 12,423
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Total income 543,408 543,408 595, 737
Expenditure on:
Charitable activities 6 577,242 577,242 531,580
Total expenditure 577,242 577,242 531,580
Net movement in funds (33,834) (33,834) 64,157
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Reconciliation of funds:
Totat funds brought forward 139,653 139,653 75,496
Net movement in funds (33,834) (33,834) 64,157
Total funds carried forward 105,819 105,819 439,653
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The Statement of financial activities includes all gains and Josses recognised in the year. The notes on pages 14 to 27 form part of these financial statements. **----- Start of picture text -----**
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Page 11 ST JOSEPH'S CHILD CARE GROUP . | BALANCE SHEET AS AT 31 AUGUST 2023 . **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |2023|2022| |Note|£|£| |Fixed|assets| |Tanglble|assets|13|3,331|6,807| |3,331|6,807| |Current|assets| |Stocks|14|3,082|3,598| |Debtors|15|1,196|2,838| |Cash|at bank and|in|hand|110,562|165,435| |114,840|171,871| |Creditors:|amounts|falling|due|within|one| |year|16|(12,352)|(36,699)| |Net current assets|102,488|135,172| |Total|assets|less|current|liabilities|105,819|147,979| |Creditors:|amounts|falling|due|after more| |than|one year|17|:|(2,326)| |Net assets|excluding|pension|asset|105,819|139,653| |Total net assets|105,819|139,653| |Charity funds| |Restricted|funds|18|-|-| |Unrestricted|funds|18|105,819|139,653| |Total funds|105,819|139,653| **----- End of picture text -----**
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: A McLaren (Chair of Trustees) Date: The notes on pages 14 to 27 form part of these financial statements. eee Page 12 ## ST JOSEPH'S CHILD CARE GROUP **----- Start of picture text -----**
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023 2022
Note £ £
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Cash flows from operating activities
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Net cash used in operating activities 20 (54,873) 60,082
Cash flows from investing activities ;
Purchase of tangible fixed assets . - (317)
Net cash provided by/(used in) investing activities - (317)
Cash flows from financing activities |
Repayments of borrowing - (26,856) 7
Net cash provided by/(used in) financing activities - (26,856)
Change in cash and cash equivalents in the year (54,873) 32,909 ;
Cash and cash equivalents at the beginning of the year 165,435 132,526
Cash and cash equivalents at the end of the year 21 110,562 165,435
The notes on pages 14 to 27 form part of these financial statements
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Page 13 ) ; . . i : ; i : j : ; | : i | I | | | | ## LL ST JOSEPH'S CHILD CARE GROUP LL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 rr 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. **----- Start of picture text -----**
2. Accounting policies
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## 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 Financlal Reporting Standard applicable in tha 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 Charitles 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. **----- Start of picture text -----**
2.2 Going concern
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. The Trustees consider that there are no material uncertainties about the charity's abllity to continue as a golng concern. 2.3 Income All income is recognised once the charity has entitlement to the income, it is -probable that the income will be recelved 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 14 eee **----- Start of picture text -----**
ST JOSEPH'S CHILD CARE GROUP
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A SPS Sua esse
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
SS SS SS he re-hhyeteeesnt
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 rellably. 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.
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All expenditure is incluslve 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 pald or payable by the
institution with whom the funds are deposited.
'2.6 Tangible fixed assets and depreciation
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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 allacate the cost of tangible fixed assets less their residual value
over their estimated useful lives,.
Depreciation is provided on the following bases:
Fixtures and fittings - 10% and 20% Straight line
Office equipment - 33% Straight line
2.7 Stocks
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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. **----- Start of picture text -----**
2.8 Debtors
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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. **----- Start of picture text -----**
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Page 15 ST JOSEPH'S CHILD CARE GROUP | | NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 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, itis 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 charlty 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 eifect 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 liabllity. 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. yee Page 16 ST JOSEPH'S CHILD CARE GROUP : ; ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 3. Income from donations and legacies ||Unrestricted|Total| |---|---|---| ||funds|funds| ||2023|2023| ||£|£| |Donations|50|50| ||Unrestricted
funds|Total
funds| ||2022|2022| ||E|£| |Donations|50,403|50,403| 4. Income from charitable activities ||Unrestricted||Total| |---|---|---|---| ||funds|—|funds| ||2023||2023| ||£||£| |Fees|264,089||264,089| |Funding
Training|209,612
57,637||209,612
57,637| |Total2023|531,338||531,338| |||Unrestricted
funds|Total
funds| |---|---|---|---| |||2022|2022| |||£|£| ||Fees|208,285|208,285| ||Funding
Training|227,383
97,243|227,383
97,243| |,|Total2022|532,971
Oo|532,971
——————SSSS| nen Page 17 ST JOSEPH'S CHILD CARE GROUP | : | ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 5. Other incoming resources ||Unrestricted|Total| |---|---|---| ||funds|funds| ||2023|2023| ||£|£| |Uniform Sales|11,500|11,500| |Bank Interest|20|20| |Other incoming resources|500|500| ||12,020|12,020| ||Unrestricted|Total| ||funds|funds| ||2022|2022| ||£|£| |UniformSales|12,269|12,269| |Supervision|43|43| |Bank Interest|35|35| |Other incoming resources|76|76| ||12,423|12,423| ## 6. Analysis of expenditure on charitable activities ## Summary by fund type **----- Start of picture text -----**
Unrestricted
funds Total
2023 2023
£ £
Charitable activities - child care 544,386 544,386
Charitable activities - training 32,856 32,856
577,242 577,242
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Page 18 | . ; ,; ; ## ST JOSEPH'S CHILD CARE GROUP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 6. Analysis of expenditure on charitable activities (continued) ## Summary by fund type (continued) |||||Unrestricted|| |---|---|---|---|---|---| |||||funds|Total| |||||2022|2022| |||||£|£| |Charitable|activities|-|child care|407,602|407,602| |Charitable|activities|-training|training|123,978|123,978| |||||§31,580|531,580| ## 7. Analysis of expenditure by activities |||||Activities||| |---|---|---|---|---|---|---| |||||undertaken
directly
2023|Support
costs
2023|Total
funds
2023| |||||£|£|£| |Charitable|activities|-|childcare|540,658|3,728|544,386| |Charitable|activities-|-training|training|32,856|-|32,856| |||||573,514|3,728|577,242| |||||Activities||| |||||undertaken
directly
2022|Support
costs
2022|Total
funds
2022| |||||£|£|£| |Charitable|activities|-|child care|403,198|4,404|407,602| |Charitable|activities|-tralning|tralning|123,978|-|123,978| |||||527,176|4,404|531,580| |||||SS|oo|————| . **----- Start of picture text -----**
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On Trn Page 19 ST JOSEPH'S CHILD CARE GROUP | ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 7. Analysis of expenditure by activities (continued) ## Analysis of direct costs ||||Total| |---|---|---|---| ||Child care|Training|funds| |:|2023|2023|2023| ||£|£|£| |Staffcosts|364,202|10,000|374,202| |Supplies|17,044|-|17,044| |Insurance|1,700|“|1,700| |Rent|37,000|-|37,000| |Training|8,351|1,800|10,151| |Management Fees|26,000|20,000|46,000| |Lega! and Professional Fees|6,066|-|6,066| |RepairsandMaintenance|2,168|-|2,168| |Sundry Expenses|1,027|-|1,027| |Loan Interest
Depreciation|(124)
3,476|-
-|(124)
3,476| |Donations|62,611|-|62,611| |UniformCosts|11,137|-|11,137| |Advertising|-|1,056|1,056| ||540,658|32,856|573,514| Page 20 | ST JOSEPH'S CHILD CARE GROUP ; ; . ' ; ot 7 7 ## a ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 7. Analysis of expenditure by activities (continued) ## Analysis of direct costs (continued) **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Total| |Child care|Training|funds| |2022|2022|2022| |£|£|£| |Staff costs|295,589|75,688|371,277| |Supplies|12,282|~|12,282| |Insurance|1,514|~|1,514| |Rent|27,000|-|27,000| |Training|348|23,578|23,926| |Management Fees|37,998|-|37,998| |Legal and|Professional|Fees|4,564|-|4,564| |Repairs and|Maintenance|1,854|-|1,854| |Sundry Expenses|2,121|-|2,121| |Loan|Interest|649|-|649| |Depreciation|3,068|~|3,068| |Donations|2,636|23,425|26,061| |Uniform|Costs|12,307|-|12,307| |Advertising|1,253|8|1,261| |Payment charges|15|1,279|1,294| |403,198|123,978|527,176| **----- End of picture text -----**
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||||| |---|---|---|---| |2023|2022| |£|£| |St Joseph's|Catholic Primary School|56,440|26,061| |St Joseph's|Catholic Church|6,171|-| |62,611|26,061| **----- End of picture text -----**
## 9. Independant Examiner's Remuneration The independent examiner's remuneration amounts to an independent examiner fee of £2,710 (2022 - £2,500). | Page 21 . , , 1 ## ST JOSEPH’S CHILD CARE GROUP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 10. Governance Costs . ||||Unrestricted|Total| |---|---|---|---|---| ||||funds|funds| ||||2023|2023| ||||£|£| ||Independant|examiner's remuneration|2,710|2,710| ||Accountancyfees||1,018|1,018| ||||3,728|3,728| ||||Unrestricted
funds|Total
funds| ||||2022|2022| ||||£|£| ||Independantexaminer's|examiner's remuneration|2,500|2,500| ||Accountancyfees||1,904|1,904| ||||4,404|4,404| |11.|Staff costs|||| ||||2023|2022| ||||£|£| ||Wages and salaries||330,981|328,694| ||Social security costs||14,019|9,907| ||Contribution todefined contribution pensionschemes||29,202|32,676| ||||374,202|371,277| ||||—SSSS=|| ||Theaverage|numberofpersons employed bythe charity during theyearwasas follows:||| ||||2023|2022| |||)||| ||||25|29| ||The average|headcountexpressed asfull-timeequivalents was:||| ||||2023|2022| ||||16|15| Le prepregs Page 22 ; . ,; | ## ST JOSEPH'S CHILD CARE GROUP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 11. Staff costs (continued) No employee received remuneration amounting to more than £60,000 in either year. During year ending 31 August 2023 the key management personnel received remuneration totalling £95,793 (2022: £73,292) and pension contributions totalling £14,437 (2022: £6,676) were made on their behalf. ## 12. Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2022 - ENIL). During the year ended 31 August 2023, no Trustee expenses have been incurred (2022 - ENIL). ## 13. Tangible fixed assets |||Fixtures and|Office||| |---|---|---|---|---|---| |||fittings|equipment||Total| |||£|£||£| |Cost orvaluation|||||| |At 1 September 2022||36,208|4,166||40,374| |At34 August2023||36,208|4,166||40,374| |Depreciation
At 1 September 2022|.|29,678|3,889||33,567| |Charge fortheyear||3,294|182||3,476| |At31 August2023||32,972|4,071||37,043| |Net book value|||||| |At31 August2023||3,236|95||3,331| |At 31 August2022||6,530
277
SOS||[||6,807
I| Page 23 ST JOSEPH'S CHILD CARE GROUP . . ‘ : : ## NOTES TO THE FINANCIAL STATEMENTS ’ FOR THE YEAR ENDED 31 AUGUST 2023 **----- Start of picture text -----**
14. Stocks
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||||||| |---|---|---|---|---|---| |2023|2022| |£|z£| |School|Uniforms|3,082|3,598| |15.|Debtors| |2023|2022| |£|£| |Other debtors|-|1,948| |Prepayments and|accrued|income|1,196|890| |1,196|2,838| |————|SSS| |16.|Creditors: Amounts|falling|due within|one year|,| |2023|2022| |£|£| |Trade|creditors|276|2,047| |Other taxation and social|security|2,823|3,905| |Other|creditors|5,586|27,131| |Accruals and|deferred income|;|3,667|3,616| |.|12,352|36,699| |17.|Creditors: Amounts falling due after more than one year| |2023|2022| |£|£| |Other loans|-|2,326| **----- End of picture text -----**
rrr Page 24 ST JOSEPH'S CHILD CARE GROUP ' . . | - | i 4 7 , : ; . ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 18. Statement of funds ## Statement of funds - current year | ||Balance at 1|||Balance at| |---|---|---|---|---| ||September
2022|Income|Expenditure|31 August
2023| ||£|£|£|£| |Unrestrictedfunds||||| |General Funds -child care|116,388|485,771|(544,386)|57,773| |General Funds- training|23,265|57,637|(32,856)|48,046| ||139,653|543,408|(577,242)|405,819| |Statementoffunds - prior year||||| ||Balance at|||Balance at| ||1 September
2021
£|Income
£|Expenditure
£|31August
2022
£| |Unrestrictedfunds||||| |GeneralFunds- childcare|76,496|448,494|(407,602)|116,388| |General Funds- training|-|147,243|(123,978)|23,265| ||75,496|595,737|(531,580)|139,653| ||———eEE—|————|——>—S|oll| ## 19. Analysis of net assets between funds ## Analysis of net assets between funds - current year ||Unrestricted
funds
2023|Total
funds
2023|| |---|---|---|---| |Tangiblefixedassets
Currentassets|3,331
114,840|3,331
114,840|:| |Creditorsduewithinoneyear|(12,352)|(12,352)||| |Total|105,819|105819|| | noe Page 25 ST JOSEPH'S CHILD CARE GROUP ; , , ; ' , + : . ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 19. Analysis of net assets between funds (continued) ## Analysis of net assets between funds - prior year |||Unrestricted|Total|| |---|---|---|---|---| |||funds|funds|| |||2022|2022|| |||£|£|| ||Tangible fixed assets|6,807|6,807|| ||Current assets
.|171,871|171,871|| ||Creditorsduewithinoneyear|(36,699)|(36,699)|| ||Creditorsdue inmorethan oneyear|(2,326)|(2,326)|| ||Total|139,653|139,653|| |20.|Reconciliation ofnetmovement infundsto netcashflowfrom operating activities|||| |||2023|"2022|| |||£|£|| ||Net income/expenditureforthe year(as perStatement ofFinancial
Activities)|(33,834)|64,157|| ||Adjustments for:|||| ||Depreciation charges|3,476|3,068|| ||Decrease/(increase) In stocks
Decrease/(increase) in debtors|516
1,642|(939)
(283)|.| ||Decrease in creditors|(26,673)|(5,927)|| ||Netcashprovided by/(used in)operating activities|(54,873)|60,082|| |21.|Analysis ofcash and cash equivalents|||| |||2023|2022|| |||£|£|| ||Cashinhand|110,562|165,435|| re Page[26] ST JOSEPH'S CHILD CARE GROUP , | | , **----- Start of picture text -----**
el
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## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ## 22. Analysis of changes in net debt |||At1|||At 31| |---|---|---|---|---|---| |||September|||August| |||2022|Cash|flows|2023| |||Py||£|£| |Cash|atbank and in hand|165,435|(54,873)||110,562| |Debtdue|due after 1 year|(2,326)||2,326|:| |||163,109|(52,547)||110,562| |||—SSSS|——=EESE|ECLES|| 23. Pension commitments The Charity operates a defined contribution pension scheme. During the year the charity made pension contributions totalling £28,495 (2022: £32,676). No contributions were repayable at 31 August 2023 (2022: £nll), ## 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: ||2023|2022| |---|---|---| ||£|£| |Managementfees|46,000|37,998| |Rent|37,000|27,000| |Donation|56,440|26,067| ||139,440|91,059| During the prior year Mother Teresa Catholic Academy Trust made a donation to St Joseph's Child Care Group of £50,000, no such donations were made this year. ## 25. Controlling party The charity is under the control of the trustees. **----- Start of picture text -----**
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