Charlty registration number: 1134676 St Augustine's Pre-school Annual Report and Financial Statements for the Year Ended 31 August 2024 Fleld Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB
St Augustine's Pre-school Contents {continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examlner's Report 5t06 Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements 9t015
St Augustlne's Pre-school Reference and Admlnistrative Details Trustees B Solomon H Mcculley K Ecuyer M Edegbu-jallo S Hinklev 1134676 Charlty Registration Number Prlnclpal Office Church Hall St. Augustine's Road Belvedere, Kent DA17 SHH Independent Examlner Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Bankers Lloyds Bank plc 25 Gresham Street London EC2V 7HN Page I
St Augustlne's Pre-school Trustees, Report The committee members, who are also the trustees, present their annual report and financial statements for the year ended 31 August 2024. The financial statements comply with current statutory requirements and the requirements of the charlty's constitution. Charity Trustees Trustees throughout the year and to date are set out on the previous page. Decision making is carried out at trustee meetings by a majority vote. Individuals with relevant experience are invited to join the committee as trustees. and new trustees are trained by verbal induction. The constitution requires between 5 and 12 trustees, who are elected for one year at the Annual General Meeting and who may serve for a maximum of ten consecutive years. When elected commlttee members leave, the vacancy must be filled until the next AGM by a member appointed by the trustees. The trustees may also co-opt up to three additional trustees during the year, who may serve for a maximum of six years, ObJectlves and activlties The aims of the preschool as set out in the constitution are to enhance the development and education of chlldren primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by.. Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibllity for and to become Involved in the activitles of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability Encouraglng the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas Icl Instlgating and adhering to and furthering the aims and objects of the Early Year5 Alliance. We are a preschool caring for and educating 4, 2 year old and 20, 3-4 year old children. We are registered with OFSTED and with the local authority. We receive funds malnly from the local authority, and when available we apply for grants from them for improvements, resources and equipment. We also boost funds for resources and equipment through coffee mornings, photographers and a scholastic book club. We help other charitles, and during the year we have raSsed funds for Children in Need and Bexley Food Bank. Publlc Benefit {al {bl In revlewSng and shaping the charity's aims and objectives for the year and planning future activities we confirm that we have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Achievements and Performance We raised funds for Children in Need and NSPCC, collected food for the Bexley Food Bank, sold raffle tlckets for St. Augustine's Church and ralsed money for pre-school through Little Urchlns Photographer. Reserves The trustees aim to hold reserves equlvalent to six months of running costs as securlty should the government cease funding. At the year end the charity had free reserves (funds which are unrestricted and not designated and which are not represented by tanglble flxed assets held for charitable usel amounting to £44,87012023: £61,943). Page 2
St Augustine's Pre-school Trustees, Report (continued) Trustees and offlcers The trustees and officers serving during the year and since the year end were as follows: Trustees: B Solomon C Summers Iresigned 23 September 20241 H Mcculley K Ecuyer L Batten Ireslgned 31 July 20241 M Edegbu-jallo P Hlnkley Ireslgned 18 November 20241 S Hinklev Statement of Trustees, Responslbllltles The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Klngdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are requlred to.. select suitable accounting policies and then apply them conslstently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tlme the financial positSon of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities IAccounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from leglslatlon In other Jurlsdlctlons. The annual report was approved by the trustees of the chaf Ity on and signed on its behalf by.. Page 3
5t Augustifié's PrÈ-Sthool TTUStÈts' RÈptsrt {¢onlinuÈd) IPl7ty Ecu'iér
St Augustine's Pre-school Independent Examiner's Report to the trustees of St Augustine's Pre-school I report to the charity trustees on my examinatlon of the accounts of the charity for the year ended 31 August 2024 which comprlse the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011, My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this 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 charit¢s trustees as a body, for my work, for this report, or for the opinions I have formed. Responslbllltles and basls of report As the charity trustees of St Augustine's Pre-school you are responsible for the preparatlon of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examination of the St Augustine's Pre-school's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatlon I have followed all the applicable Directions given by the Charity Commlssion under section 14515llbl of the Act. An Independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financlal statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fair, view and my report is Ilmited to those speclfic matters set out in the independent examiner's statement. Independent examlner's statement I have completed my examlnation. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of St Augustine's Pre-school as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financlal statements do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities IAccounts 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 examinatlon. I have no concerns and have come across no other matters in connection wlth the examinatSon to whlch attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Page 5
St Augustine's Pre-school Independent Examiner's Report to the trustees of St Augustine's Pre-school (continued) Tim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page 6
St Augustine's Pre-school Statement of Financial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Unrestrlcted Unrestrlcted Note Income and Endowments from: Donations and legacies Charitable activities 87,401 8,145 87,401 8,145 102,815 5,061 102,815 5,061 Total income 95,546 95,546 107,876 107,876 Expendlture on: Charitable activities 1112,6191 1112,6191 196,3581 196,3581 Total expenditure 1112,6191 {112.6191 196,3581 196,3581 Net movement in funds 117,0731 117,0731 11,518 11,518 Reconcillation of funds Total funds brought forward 61,943 61,943 50,425 50,425 Total funds carried forward 14 44,870 44,870 61,943 61,943 All of the charity's activities derive from continuing operations during the above two perlods. The funds breakdown for 2023 is shown in note 14. The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
St AugustinÈ's PtÈ-Sthool (Regtstration nuthbÈr. 1134676 Balarttè ShÈÈt as al 31 August 2024 Z024 2023 Nol assèts Dètrlr)rs 3,769 Carh a,. tyii)k anLI If., fiai,. 12 70, 7?2 70.722 Ctedilois: Atraounu lJllStsg dut Wilh5 Orlt yeai L3 l?ri.7711 18,7iQl 44,870 61,943 Fwid4 ol Ihe Lh3I1ty'. UhiestiÈttèd lufids Uc)rèStt-Tr/i&A fui?aS Tr.> lif1211 jal tlèl'riiÉr.t¢ Or) Pagès 7 10 IS w&f& aypl'owd IJY '.r.e truS(vèS. dlI1Vil4 Iof issu O ar)d tl)elf béh-.ll by. X ELu'ir Truci&e Thè Iioré: tsii pa&- 9 10 15 lofrl) ai.. ii)Ivgral ol Ihécp lif1)ildI SiotfrfP)Of)ts.
St Augustine's Pre-school Notes to the Flnancial Statements for the Year Ended 31 August 2024 I Charity status The charity is domiclled In England and Wales, The address of its registered off Ice is: Church Hall St. Augustine's Road Belverdere, Kent DA17 SHH 2 Accountlng pollcles Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 (Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011. Basls of preparation St Augustine's Pre-school meets the definitlon of a public benefit entity under FRS 102. The accounts If inancial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated In the relevant notelsl to these accounts. Judgements and key sources of estlmatlon uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estlmates and assoclated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlmates and underlying assumptions are reviewed on an ongoing basls. Revision5 to accounting estimates are recognised in the periods In which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revlsions affects both current and future periods. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be recelved and the amount can be measured with sufficient reliability. Donatlons and legacles Donations and legacies are recognised on a recelvable basis when receipt is probable and the amount can be reliably measured. Page 9
St Augustine's Pre-school Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Grant5 recelvable Grants are recognised when the charity has an entitlement to the funds and any condltions linked to the grants have been met. Where performance conditlons are attached to the grant and are yet to be met, the Income Is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred Income Deferred income represents amounts recelved for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used In future accounting periods; or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expendlture is recognised once there Is a legal or constructive obligation to that expenditure, It Is probable settlement is required and the amount can be measured rellably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis conslstent with the use of resources, with central staff costs allocated on the basls of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Churltable octivities Charitable expenditure comprises those costs Incurred by the charity in the delivery of Its activities and services for its beneficlaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore It meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or galns are applied exclusively to charitable purposes. Depreciation and amortlsatlon Depreclation is provided on tangible flxed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economlc life as follows: Asset class Fixtures, fittings and equipment Depreciation method and rate 25% straight line method Page 10
St Augustine's Pre-school Notes to the Financial Statements for the Year Ended 31 August 2024 (contlnued) Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction prlce. They are subsequently measured at amortised cost using the effective Interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the orlginal terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignif icant risk of change in value. 3 Income from donatlons and legacles Unrestricted Total 2024 Total 2023 General Donatlons and legacies,. Appeals and donations Grants, Includlng capStal grants; Grants 180 180 158 87,221 87,221 102,657 87,401 87,401 102,815 4 Income from charltable actlvltles Unre5trlcted Total 2024 Total 2023 General Fees 8,145 8,145 5,021 40 Fund receipts 8,145 8,145 5,061 Page 11
St Augustine's Pre-school Notes to the Financlal Statements for the Year Ended 31 August 2024 (continued) 5 Expenditure on charltable activities Total 2024 Total 2023 Wages and salaries Staff training Rent and service charges Insurance 97,083 210 80,053 105 7,600 594 7,600 561 General office equipment Consumables Printing, postage and stationery Funds 191 507 2,531 2,271 2,832 2,759 112 Sundries 657 389 Independent examination 1,482 1,440 112,619 96,358 6 Trustees remuneratlon and expenses During the year the charity made the following transactions wSth trustees: H Mcculley H Mcculley received remuneration of £21,99012023., £20,973) during the year, No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 7 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durlng the year were: Wages and salaries 97,083 80,053 No employee received emoluments of rnore than £60,000 during the year 8 Related party transactions During the year the charity made the following related party transactions.. Melanle, Jessica and Amelia Solomon Ilspouse and children of Bryan Solomon (Trusteell The total amount of remuneration received by all related parties is £48,506. At the balance sheet date the amount due to/from Melanie, Jessica and Amelia Solomon was £Nil12023 £Nill, Page 12
St Augustine's Pre-school Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 9 Taxatlon The charity Is a registered charity and is therefore exempt from taxation. 10 Tangible flxed assets Furniture and equlpment Total Cost At I September 2023 5,237 5,237 At 31 August 2024 5,237 5,237 Depreclatlon At I September 2023 5,237 5,237 At 31 August 2024 5,237 5,237 Net book value At 31 August 2024 At 31 August 2023 11 Debtors 2024 Accrued income Other debtors 3,766 3.769 12 Cash and cash equSvalents 2024 2023 Cash on hand Cash at bank 53 162 67,819 70,560 67,872 70,722 Page 13
St Augustine's Pre-school Notes to the Flnancial Statements for the Year Ended 31 August 2024 (continued) 13 Creditors: amount5 falllng due wlthln one year 2024 2023 Other taxation and social security Accruals 8,530 2,762 15,479 6,059 2,720 Deferred income 26,771 8,779 14 Funds Balance at I September 2023 Incoming resources Resources expended Balance at 31 August 2024 Unrestricted funds General 61,943 95,546 {112,6191 44,870 Balance at i September 2022 Incomlng resources Resources expended Balance at 31 August 2023 Unrestrlcted General General Funds 50,425 107,876 196,3581 61,943 Page 14
St Augustine's Pre-school Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 15 Analysis of net assets between funds 2024 net assets between funds Unrestrlcted funds General Total funds at 31 August 2024 Current assets 71,641 126,7711 71,641 126,7711 Current liabilities Total net assets 44,870 44,870 2023 net assets between funds Unrestrlcted funds General Total funds at 31 August 2023 Current assets 70,722 18,7791 70,722 18,7791 Current liabilities Total net assets 61,943 61,943 Page 15