Chority Registration Number: 1135312 Company Registration Number". 07178036 ST MAWGAN PRE-SCHOOL UMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 AUGUST 2023 •AD3LE31G* 211Q512024 CaMPANLES H¢JJSÈ A12
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ST MAWGAN PRE-SCHOOL LIMITED Contents of the Financial Statements For the Year Ending 31 August 2023 Page Company Information Report of the Truste
5 Independent Examiners Rew>rt ststement of Finzntial Activities Balance Sheet Notes to the Financial Ststements 9-15
ST MAWGAN PRE-SCHOOL LIMITEO COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023 Oirectors.. Mrs C Russell Mrs E Gibbs Mr J Gibbs Mrs A Abell Mr5 K E Mill•tt Mr A l Russell Registered Office.. Kew An Lergh Stret My8htern Arthur Nansledan Comwall TR8 4UX Compar)y Regitre Number: 07178036 Registered Charity Number= 1135312 Accountants: nggard and Thomas Ltd Kew an Lergh st Myehtern Arthur Nansledan Newquay Tr84UX
ST MAWGAN PRE-SCHOOL LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 AUGUST 2023 The Directors pr•seni iheir report with the Financial Statements for tht yÈarending 31 August 2023. srATUS AND AI)MINISTrATION The Charity is a company limited by guarantee and a registered charity with the Charity Commission. It was incorporated on 4 March 2010. The accounts compty th current statutory requirements and the eharivs 8overning document5, Memorandum and Artides of Association and the Statement of Retommended Practice ISORP 20051. Alla A140 PURPOSE St Mawgan Prtrschool Limited has the pOnsIbIlitY of runnire a pre-school for the benefit of the local community. 08JEcfivES A14D AcfMTIES St Mawgan Pre-school Limited is committed to enhance the devtltspmtnt ènd ethcation of children primarily under statutory school age by encoura8in8 parents to understaThJ and provide for the needs of thèir thildren through community groups and bv.. Offering appropriate play. education and care fatilitiès. framily learning and extended hour5 group5, together with the right of parents to take resFK>n5ibility for and to become involved in the activities of such groups. ensuring that such group5 offer opportunitie5 for all thildren vthatever their race, culture. religion. means or ability. Éncourage the stuty of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas. Instigating and adheringto and furthering the aims and obiè¢rs of the Prtrschool Leaming Alliance. sfRucfuRo GOVERNANCE AND MANAGEMEIIT St Mawgan Pre-school Limited is governed by its Trustee Board whith is resp)nsible for setting the 5trate8lC direction of the tompany and the policy of the charity. The Trustee5 carry the ultsmate responsibility for the onduct of St Mawgan Pre School Limited and far ensuring that the charity sotlsfies its legal and contractual bIatIonS. Trusteès meet on a fegular basis. The Tru5tee5 Idirertorsl durin8 the period under review were-. Mrs K Backway16 October 2020 to 26 February 20241 Mrs S 8 Elia5128 January 2021 to 31 Au8ust 20231 Ms B Szabo125 Jvly 2020 to 30 January 20231 Mrs H Aaby19 September 2021 to 31 August 20231 Mrs C Russell116 June 2022 to presentl Mrs E Gibbs116 June 2022 to presentl Mrs A Abell {12 June 2023 to presentl Mr5 K E Millatt112 June 2023 to presentl Mr5 Z M Naish112 June 2023 to 31 Aueust 20231 Mr l Gibbs121 February 2024 to presentl Mr l A Aussell121 February 2024 to presentl
ST MAWGAN PRE-SCHOOL LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 AUGUST 2023 ICONTINUEDI The directors are appointed according to the Articles of Association and are referred to in that document a5 the Board of Trustees. REVIEW OF FINANCIAL AcnvmES The financial re5ufts for the year are Set out in the Statement of Financial ActNitie5 1)n paBe 7 and the position at the end of the year is sho in the Balance Sheet on page St Mawgan Pre-school knmited own computer equiprY*nt which are disclosed as tangible fixed a55et5 in the financial statements. The pre-school meet in the village Community Hall, where it has usè of a large hall and associated facilities and pays a rent to the Organi110n that operate the hall. The pre-school ernployed five members of staff, all of 7whom have appropn.ate early years qualthcations at the accountin8 year end. Incoming resources in the period were £79.715. A surplus of £9.582 was made in the year. At 31 August 2023 total rÈseNes were £18.010. all of which represented fvnds introduced by the members the incorporation of the prÈ•school on 4 March 2010. To assess the performance up to 31 August 2023. the following SWOT ha5 been prepared=. Strengths Thère ¥re well qualified. highly motivated staff. Good Qtsted insptetion in the past few yeafs. Syb5tsntial unre5trirted fund5 are held by the company. Considerablè watting list of children. Weaknesses Children numbers are limit due to the premises. The premise5 are not designed specifically to be used as a pre school. Varying leve15 of 5UPPOrt and enga8ement from parènts of enrolled children. Decreased enrolment and staffing challenge5 durTrn8the COVID-19 pandemic. Opportunilies To raise the profile of the pre school in order to attrart more parents to 5UPPOrt the pre school. Threats Fundraising from all sources will be morè difficLSIt in the present economic climate. Reputation risks (for example an zicident invofving injuryto thildren or failure to meet seryice Commitments). The opportunity to raise prices 15 con5tr4ined by what local parents wll find affordable. Covid-19 pandernic and the operating restricbon5 bein8 plxed on the pre-school. Summary of SWOT findings The pre4chool is an established serrite within the distrlttaI infom1 feedback ndiCateS that it is highlyvalued by the ustrs. Reputation risk5 can be diminished by ènsur7 that constant trainin8 remains a high priority.
ST MAWGAN PRE-SCHOOL LIMITED REPORTOFTHE TRUSTEES FOR THEYEAR ENDING 31 AUGUST2022 ICONTINUEDI RESERVES POUCY All funds at the moment are unrestricted to allowthe pre-school to have suffitiènt funds at its disposal to meet the daily running expenses. as income is dependent on the number of thildren in the region who will be attending the prtrschool. Implementrng a plan for raising funds for day to day running of the pre-school is therefore a priority. butthe long-term aim is to obtain funditw bywhatever meansare availablefor thè company to own its own premises. DIREcfoRS' RESP01451BIUTIES Company Law requires the trustees to prepare atcount5 for Èath financial year which give a true and fair view of the tharitable companrfs state of affairs at the end of the year and of its income and expenditure for that year. In preparing those accounts, the trustee5 are required to: al select suitable aCcnting policies and ihen app them consistentty; bl make Judgments and estimates that are reasonable and pnjderrt: ¢1 state whethèrapplicable accountTrng standards have been followed. subject to any material departures disc105ed and explainÈd in the financial statements- and dl prepare the financial statements on the 801118 concern basis unless it is inappropriate to pre5urne that the company will continue in operation. The trustees are also responsiblefor keeping proper accounting records whith dis¢lose with reasonable accuracy at any time thè financial position of the charitsble company and to enable them to ensurè that the financial statements comply with the Companies Art 2006. They are also responsible br ensuring that the company maintains an adequate system of tnternal control designed to provide reasonable a55urance that assets are safeguarded against material l¢>ss or unauthorized use and to prevent and detect fraud and other irre8ularities. This report h05 been prepared in accordance Tmth the sptcial pmwsions of the Companies Act 2CK)6 applicable to companies subject to the small companies. regime and follows the recommendations in Accountin8 and Reporting by Charities IFRS 1021. Signed on behalf of the tfustees Mrs K E Millatt Dated .. tt [iy
INDEPENDENT EXAMINER'S REPORTTOTHE TR EES ON THE UNAUDITED ACCOUNTS OF ST MAWGAN PRE- CHCK)L LIMITED I report on the accounts of the company for the year ended 31 August 2023 set out on pages 7 to 13. Respe¢il¥e responbIl1¢S of trustees and eumlner The trustees (who are also the dirertors of the company for the purposts af c¢)mpany lawl are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not fèouired for this period under section 144121 of the Charitles Act 2011 (the 2011 Act) and that an independent examination is needed. Havin8 sat15fied myself that the charity is not subject to an audit under Part 16 of the Crynpany A¢t 2006 and Is eli8t.ble for an independent examination, it is my responsibility to.. examine the accounts under 5ertion 145 of the 2011 Act.. to follow the procedures laid down in the General Directions given by the Charity Commission under section 1451$1 Ibl of the 2011 Act.. and to state whether particular matter5 have to my attention. Basls ol Independent examIrf rnport My examination was carried out in accordance with the General Dirertion5 given by the Charity Commissioners. An Èxamination includes a revi•w ofthe accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes tonsideration of any unusual items or disdosures in the accounts, and the seeking of explanations from you trustees ¢oncerning any such matters. The piocedure5 undertaken do not provide all the ewdence that would be requirèd in an audit and. consequently, no opinion is given as to whether the accounts present a 'true and fair ¥1 and the rewrt is limited to those matter5 set out in the statement below. Indep•ndent examlnèr< slalement In connertion with my examtnation. no matter has comè to my attention which gives me reasanable cause to bèlievè that. in any material respect. the requirements- al to keep accountin8 record5 in with $386 of the Companies Act 21NJ6: and bl to prepare accounts which accord wTrth the actounb.ng fecords. comply with the accounting requirements of the Companies Art 26 and with the method5 and prineFples of the Statement of Recommended Practice IFRS 1021 have not been met: or to which, in my opinion, attention should be drawn in order to enab a proper understanding of the accounts to be reached. nggard and Thomas Kew An Lergh Stret Myghtern Arthur Nansledan TR8 4UX Date". 6/siLf
ST MAWGAN PRE-SCHOOL LIMITED STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 AUGUST 2023 Notes Unrestricted Funds 2023 Restricted Fund5 2023 Totsl Funds 2023 Total Funds 2022 Incom5ng Resources Incomin8 re50urce5 from generated fund5 Voluntory income Fundin8 55,563 55,563 47,779 Artivth'esAor generotingfvnds." Investment income.. Interest Receivab Incomi rexwrceslrom ch•rttable ad5¥ltles Fees received and other income 24,143 24.143 26,403 Totsl In¢omln¢ Resour¢es 79.715 79,715 74.182 r¢ewurces Expended Costs olgenefatinl funds Costs ofgenen7ting voluntury income 6,752 Charllable artlvllles 62.)1 62.Tr17 62,696 ra0Vern(e costs Total Rosouttes Expended 1.118 70,133 1.118 70,133 70,257 P4tt Intomlni I IOUtÈolnrè$OrOs for the year Net movemmt In funds 3,925 9,582 3,925 Transfers between fvnds Reconclllatlon of Fd$ Total funds brougm forward 110.6281 110.6281 114.5531 Total fvnd5 carried forward {1.0461 11.0461 110,6281 The statement of financial acttvities incILe5 all gains and 1055e5 in the period. All incoming resources and resources expended derive from continuing activities. These financial statements do not intorporate the signiffitant value attributed to volunteers. hours and other intangible incoming resour¢es that ¢ontr11ted to the a¢tivities the organization.
ST MAWGAN PAE-SCHOOL LIMITED BALANCE SHEEf AT 31 AUGUST 2023 Notes 2023 2022 FIXED ASSEfs Tangible Assets 271 167 CURREPIT ASSETS Stock 226 267 Oebtors & Prepayments io 215 418 Cash at Bank and in hand 17,781 8.471 18,222 9.156 CURRENT UABILITIES.. Amounts fallbr duè withln one year NET CURRENT ASSETS li 14831 18951 17,739 8,261 NON CURRE14T LIA8ILmES: Amounts lalllni due after one year TOTAL NET AsseTS 18.010 428 REPRESENTED BY Unrestricted Fund 12 Ac¢umulated Fund 18.010 8,428 Designated Funds 18,010 8,428 The trustees are satisfied that the company is entiued to exemption from the rèqu*ement to obtsin an audit under section 477 of the Companies Art 2006 anil that members have not required thè company to obtain an audit in accordance with section 476 of the ACL The trustees acknowledge their re5pon5ibilitie5 for tomplying wrth the requirements of the Companies Art 2L¥J6 with respèrt to accountin8 records and the Prèparation of the accounts. The accounts have been prepared in accordance with the provision5 in Part IS of the Companies Act 2CQ6 applicable to companies subject to the small Companie regime and in accordance with FRS 102 SORP. The note5 form part of these Finanual Statements Signatory: Mrs K E Millatt Approved bythe Board on ..
ST MAWGAN PRE-SCHOOL LIMITED Notes to the Financial Staternents for the Year Ended 31 August 2023 I. ACCOU14TING POLiaES •) General The Financial Statements have been prepared under the hFStorical cost convention and follow the recommendations in Accounting and Repwtin8 by Charities.. Statement of Recommended Prartice IFRS 1021. b) Incomlng Resources Voluntary income is recognized as incoming re%¥urce5 when recèivable. except in so far as they a incapable of financial measurement. When donors speafy that donations and grants given to thè charity must be used in fijture account4n8 periods. the income is deferred until those periods. Incoming resources are recogniied in the financial statements when the effect of a transaction or other event results in an increase in the Charitys assets. Dependent upon: l. The ChariWs entitlement to the income 2. When it is virtually certain that the incorTre rey)urce will be receNed 3. When the monetary value of the income can be measured with su1Clent reliability ¢) Resoyr¢es Ewnded Resources expended are recogni2ed in the period in whith thry are incurrÈd. Resources expended include attributable VAT which cannot be recovered. Certain èxpÈndtture is directly attributable to specific activities and ha5 been included in those cost ategories. Certain ather costs. which are attributable to more than one attivity. are apportioned on an appropriate basi5. Ch?ritsble expenditure comprises tknsè costs incurred bythe Charity in the delivery of its artivities and services for its beneficiaries. It includes k)th costs that can be allocated dirett tQ Such artivities and those costs of an indirert nature nece55ary to support them. Governance costs include those c0515 4$5¢xiated with meeting the constitutionol and statutory requirements of the Charity. Tanble Flxed & Deprefiallon Tangible fixed assets are valued at historic cost less any transartion c05ts. No revaluations are required as all assets have a short life. No de minimis value has been set and assets have been reviewed for lmpairrntS by thè trustees. Depreciation is provided attheft>llowingannual rates inordertowriteaff tach asset over rfs estimatèd useful life:_ Computer equipment- Straight line over 3 years Equipment - 2S% reducing balance basis
ST MAWGAN PRE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 August 2023 el Realized and unreall2•d galns and losses All gains and lossès are taken to thè Statèment of Financial Artivitie5 as they arise. Reali2ed galns and 1055e5 on a55et disposals are calculated as the difference between sales proceed5 and the net book value recorded in the accounts. Unrestricted Funds Unrestricted funds are grants and other incomin8 resources receivable or generated for the objects of the charity without further speofied purpose and are available as general funds. Él D•sltnated Funds Designated funds are unrestricted funds earmarked by the TnJstee5 for particular purposes. The use of such funds is at the Trustees. disuetion. h) Restrfrted Funds RestrirtÈd funds art to bè used for specific purposes as laid down by the donor. Expendire which meets these tritÈria is charged to the fvnd. together with a fair allocation of support costs. I FUNDING Unrestricted Funds 2023 Restrirted Funds 2023 Total Funds 2023 Total Funds 2022 Cornwall Council 55.563 55.563 47,779 55,563 55.563 47.779 . io
5T MAWGAN PRE-SCHOOL UMITED Notes to the Financial Statements for the Year Ended 31 August 2023 INCOMIIIG RESOURCES FROM CHARITABLE ACTMTIES Unrestricted Funds 2023 Restrirted Fund5 2023 Total Fund5 2023 Total Funds 2022 Fees 16.037 16.037 20,360 Income from fundraising actNlties 2.688 643 Other income 673 673 Donations 1,994 4,016 Grants 2,751 2.751 24.143 24,143 26,403 4. COSTS OF GENERATING VOLUNTARY IP4COME Unrestricted Funds 2023 Restrirted Funds 2023 Total Funds 2023 Total Funds 2022 Insurancè 947 Rent & Rates 6,207 6,207 5,805 7,008 6,752 li
ST MAWGAN PRE-SCHOOL LIMITEO Notes to the Financial Statements for the Year Ended 31 August 2023 S. CHARITABLE AcnvmES Unrestricted Fund5 2023 Restricted Funds 2023 Total Fund5 2023 Total Funds 2022 Wages 54,769 54.769 55,239 Books. play equipment. etc 1,185 1.18S 2,970 Refreshments 811 811 611 Cleartin8 expenses 147 147 91 Pension contributions 872 872 1,304 Expenses forfund raising events 288 89 Uniforms 55 Training expenses 543 543 160 Stationery 193 193 326 Membership & licenses 356 356 746 Sundry expenses 2.262 2,262 599 Repairs & renewals Depreciation 91 91 56 Excursions 450 450 450 62.C#J7 62.CNJ7 61696 6. GOVERNANCE COSTS Unrestricted Funds 2023 Restrirted Funds 2023 Total Funds 2023 Total Funds 2022 Accountancy fees 758 570 Payroll bureau fees 360 360 239 1.1 1,118 12
ST MAWGAN PRE-SCHOOL UMITED Notes to the Financial Statements for Year Ended 31 August 2023 TIIUSTEES None of the trustees lor any persons conrwed wtth thèm) received any remuneration or reimbursement of out- of-pcxket expenses during the period. 8. TAXATION The charitable company is exempt from Corporation Tax on its tharitable artNitie5. 9. TANGIBLE FIXED ASSETS Ewipment Computer Equiprnent Total Cost as at I Septèmber 2022 4.524 Additions 195 195 Disposa15 Cost as at 31 August 2023 1,736 2.983 4.719 DePlatIOn as at I September 2022 1,569 2.788 4.357 Depreciation charge for the ar 42 49 91 Depreciation on disposals Depreciation as at 31 AuSt 2023 1.611 2.837 Net 8ook Value as at 31 August 2022 167 167 Net Book Value as at 31 Au4u5t 2023 125 146 271 13
ST MAWGAN PRE-SCHOOL UMITEO Notes to the Financial Statements for the Year Ended 31 August 2023 10. DEBTORS 2023 2022 Trade Debtors 215 418 215 418 11. CREDITORS 2023 2022 Trade ueditors 270 270 Social security aThJ other taxes 213 625 895 12. UNRESTRICTED FUNDS Balance at I September 2022 Incoming fesources Mo¥ement in funds expenditure Tran5fer5 Balance at 31 August 2023 Funds introduced by members on incorporation 19,056 19.056 General funds 110.6281 79.715 170.1331 11,0461 8,428 79,715 170.1331 18,010 14
ST MAWGAN PRE-SCHOOL UMrrED Notes to the Financial Statements for the Year Ended 31 August 2023 13. A14ALYSIS OF NET ASSETS OEfwEEN FUI*)S Restricted Funds Unrestrirted Funds Designated Funds 2023 Total Funds 2022 Total Funds Net current a55ets 18.010 18.010 8.428 Total net assets 18.010 18.010 8,428 14. GUARANTEE The tompany is limitèd by guarantÈe. Each member has guaranteed the sum of £1 on windin8 up. 15