## **ST PETERS PRE-SCHOOL**
**62 CRESCENT ROAD WOOLWICH LONDON SE18 7BN**
## CHARITY NUMBER 1142020
## **FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31ST DECEMBER 2023**
THE ROCK - FMC LTD EQUITABLE HOUSE 10 WOOLWIC NEW ROAD LONDON SE18 6AB
## **ST PETERS PRE-SCHOOL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
|TRUSTEES:|Kwasi Asare Obuor-Asimpih|
|---|---|
||Yahya Ceesay|
||Harriet Donkor|
|SECRETARY:|Yahya Ceesay|
|CHARITY NUMBER:|1142020|
|BANKERS:|HSBC BANK PLC|
||15 WELLINGTON STREET|
||WOOLWICH, LONDON SE18 6PH|
|INDEPENDENT EXAMINERS|THE ROCK - FMC LTD|
||202 EQUITABLE HOUSE|
||10 WOOLWIC NEW ROAD|
||LONDON SE18 6AB|
## **ST PETERS PRE-SCHOOL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
CONTENT:
1. Trustees' Report
2. Independent Examiner's Report
3. Statement of Financial Activities
4. Balance Sheet
5. Notes to the Accounts
## **ST PETERS PRE-SCHOOL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
## **TRUSTEES REPORT**
The Trustees have pleasure in submitting their annual report, and financial statements for the year ended 31st December 2023. The report of the trustees has been prepared in accordance with the accounting policies set out on page 5,and comply with the Statement of Recommended Practice and Reporting by Charities and applicable law.
## **Structure, Governance and Management**
The charity is organised so that the Trustees are responsible for its overall governance within the terms of the charity’s Trust Deed, working in conjunction with the setting manager and staff, with the day to day management delegated to the setting manager, following policies and procedures agreed by the Trustees.
The Trustees and staff regularly review major risks to ensure proper procedures are in place to mitigate them. Safeguarding procedures are in place to ensure the safety of the children. DBS checks are carried out on staff, Trustees and volunteers and repeated every 3 years in line with policy.
Finance procedures and controls are in place to reduce the risk of misappropriation of the group’s assets. The pre-school is an active member of the Pre-school Learning Alliance, and through this receives support and training for trustees in their roles and responsibilities as well as continuing support for ensuring the service provision complies with Early Years Foundation Stage requirements (EYFS).
## **Constitution, objective of the charity, principal activities and organisation of our work**
The charity is constituted under an unincorporated association dated 27th September 1993 and is a registered charity number 1142020. Trustees are appointed or re-elected at the annual general meeting.
## **The objectives of the charity as set out in the constitution are:**
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
(a) Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
(b) Encouraging 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;
- (c) Instigating and adhering to and furthering the aims and objects of the Pre-school Learning
## **Development, activities and achievements in the year**
The Pre-School Manager and the Staff planned the activities and service development mindful of the public benefit requirement and in line with the pre-school’s objectives. The Pre-School is
1
## **ST PETERS PRE-SCHOOL FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31ST DECEMBER 2023**
based in an area of high deprivation, with above average levels of domestic violence, alcohol and drug misuse. It has asignificant crime rate with gang involvement.
We developed our provision with the local authority to offer placements to 2 year olds, 3 year old and 30 hours extended day services under the free entitlement programme, building on relationships with local children’s centres to identify and support early help for families. We engaged with other agencies including the SEN teams, Speech, and language therapistto provide relevant support to children and their families to meet their individual needs.
This enabled the children to have a positive outcome from attending the group.
Parents were supported to attend Team Around the Child meetings, engaging with support services. We worked with Social Care to support families with Child Protection Plans, attending Child Protection conferences, working with families and other agencies to safeguard children.
We encouraged parental involvement in the children’s learning and experience in the group regularly meeting with parents to review their child’s progress, giving encouragement and positive reinforcements to support parenting. We provide ideas for affordable play activities parents can provide at home, and role model positive behaviour management. We also signpost parents to free training organise by the LGA to help them develop skills they would need to support their children’s communication and Language, and behaviour development at home.
We continued our lending library to encourage sharing books at home and established the 'WOW' board, where parents can communicate their child's achievements and interests at home and in the group. Parents and carers are encouraged to be involved in the setting at whatever level they feel comfortable. This can range from being on the committee, to producing a newsletter, or reading with the children.
## **Achievements and Performance**
The year 2023 has been a good year for our setting. The setting was thriving with happy parents and children making progress in their learning and development. Although the coronavirus pandemic is not as prevalent as before, we as a setting have continue to follow the health and hygiene procedures to encourage cleanliness and provide a safe environment. We still have the children wash their hands before entering the setting to prevent the spread of any other diseases or infection. And encouraging parents to ensure that their children’s vaccinations are taken and are up to date.
Our setting has struggled to recruit staff, but we have remained in operation by using some agency staff and qualified relief workers to continue to provide the necessary support for parents and provide the best quality learning and activities to support children’s development in all their areas of learning in both the prime and specific areas of learning.
As a setting, we had intake of children with 30 hours, 15hours, 2years together for two and some paid place children. We have also ensured that as a committee, we have continued to look after our
**2**
## **ST PETERS PRE-SCHOOL FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31ST DECEMBER 2023**
staff’s well-being and provided them with support whenever the need arises, we have also increased salaries to support staff due to the rises in inflation that is unending. We also ensured that staff attended trainings like First Aid, safeguarding, and other relevant training to enable them to continue to build and update their knowledge in other to be able to provide the best quality activities and learning to the children.
We continue to improve on our relationship with the local children’s centre and the nearby primary school. The Pre-School's morning and afternoon session continues to expand, meeting the increasing needs of parents who work and wantflexible hours. This year we successfully held a graduation ceremony for 20 children moving to reception class at the end of the academic year with parents happy to be in attendance to witness the graduation ceremony and participating in all the activities for the day. We also successfully organised our annual seaside trip to Margate for both children and their families.
We continued to uphold the British values policy into our curriculum to help the children become better citizens. We continue to celebrate various festivals including Black history month, pancake day, world book day, Diwali, Eid, Easter, Christmas, chinses new year, Father’s Day, Mother’s Day, St Georgie's day, pancake day, and we also celebrated the queen’s platinum jubilee etc.
We supported and signed posted lots of parents with their children to attend speech and language therapist assessment, CAMHS, and help was given. We also supported lots of children by applying for early years inclusion funding to provide the extra support and interventions the children needed to make the necessary progress in their various areas of learning and development, and as well as support children during their transition to reception class, by attending TAC meetings, visiting schools with children and their parents to support easy transition.
## **Review of the financial position**
The Pre-school aims to maintain 6 months running costs in reserves to allow for fluctuations in the numbers of children attending the pre-school. The pre-schools main source of income is from the free entitlement funding for 2, 3 and 4 year olds.
The net incoming resources for the year amounted to a surplus of £15,497 all of which was attributed to general reserves.
## **Board of Trustees**
The members of the board of trustees during the year were
Kwasi Asare Obuor-Asimpih Yahya Ceesay Harriet Donkor
## **Approval**
This report was approved by the trustees and signed on its behalf by
**K A Obuor-Asimpih Dated Chair of the charity**
3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST PETERS PRE-SCHOOL**
We have examined the Financial Statements of the charity for the year ended 31st December 2023 which have been prepared under the accounting policies set out below.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS**
The charity's Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
i) examine the accounts under section 145 of the 2011 Act; ii) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and iii) to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes review of the accounting records kept by the project and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the view given by the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENTS**
In connection with the examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements
- (i) to keep accounting records in accordance with section 130 of the Charities Act; and
- (ii) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the account to be reached.
**THE ROCK - FMC LTD Dated EQUITABLE HOUSE 10 WOOLWIC NEW ROAD LONDON SE18 6AB**
**4**
## **ST PETERS PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST DECEMBER 2023**
|**Notes**
**Incoming Resources**
Grants Receivable
**2**
Other Income
**2**
Total Incoming Resources
**Resources Expended**
Charitable Activities
**4**
**Total resources expended**
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**2023**
**Unrestricted**
£
115,127
16,655
131,782
116,285
116,285
15,497
65,802
81,297|**2022**
**Unrestricted**
£
105,309
12,930
118,239
97,658
97,658
20,581
45,222
65,802|**2022**
**Unrestricted**
£
105,309
12,930
118,239
97,658
97,658
20,581
45,222
65,802|
|---|---|---|---|
|||||
||||118,239|
||||97,658|
||||97,658|
||||20,581
45,222|
||||65,802|
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities
The notes on pages 7 to 9 form part of these accounts.
**5**
## **ST PETERS PRE-SCHOOL BALANCE SHEET AS AT 31ST DECEMBER 2023**
|**FIXED ASSETS**
Tangible Fixed Assets
**CURRENT ASSETS**
Cash in hand & Bank
**LESS CREDITORS:**
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENTS LIABILITIES
NET ASSETS
CHARITY'S ACCUMULATED FUNDS
Unrestricted Funds
Approved by the Board of Trustees and signed on its
Trustee|**Notes**|**2023**
£
8,254
73,045
73,045
0
73,045
81,299
81,299
81,299
81,299|**2022**|
|---|---|---|---|
||**3**
**6**
**8**
behalf by||£
4,033
61,769|
||||61,769
0|
||||61,769|
||||65,802|
||||65,802|
||||65,801|
||||65,801|
|||||
|||Dated||
**6**
**ST PETERS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
## **1. Accounting Policies**
## **1.1 Basis of preparation of accounts**
The accounts have been prepared on the basis of historic cost accounting and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for Charity Accounts.
The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.
## **1.2 Tangible Fixed Assets for use by the Charity and Depreciation.**
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
- Computer Equipment
- Fixtures and Furniture
25% per annum. 25% per annum.
## **1.3 Grants receivable**
Grants receivable are recorded on the cash basis
## **2. Grants receivable**
|**2. Grants receivable**||||
|---|---|---|---|
||**Unrestricted**|**Total**|**Total**|
||**Funds**|**2023**|**2022**|
||£|£|£|
|Deprivation Grant|-|-|-|
|Free Entitlement Funding 3 year olds|115127|115127|105309|
|Free Entitlement Funding 2 year olds|-|-|-|
|Other Income|16655|16655|12930|
|**Total Income**|**131782**|**131782**|**118240**|
7
## **ST PETERS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
## **3. Tangible Fixed Assets**
|**Cost as at 1st January 2023**
Additions during the year
At 31st December 2023
**Depreciation as at 1st January 2023**
Charge for the year
At 31st December 2023
**Net Book Value at 31st December 2023**
**Net Book Value at 31st December 2022**|**Computer**
**Equipment**
£
7,850
0|**Fixtures**
**Total**
**Furniture**
**2023**
£
£
28,434
36,284
6,972
6,972|
|---|---|---|
||7,850|35,406
43,256|
||7,064
197|25,187
32,251
2,555
2,751|
||7,261|27,742
35,002|
||**590**|**7,664**
**8,254**|
||**1,863**|**7,697**
**9,560**|
|**4. Charitable Activities**
Rent & Rates
Consumables
Administration
Teaching Learning Resources
Insurance and Membership
Wages & Salaries
Printing, Postage & Stationery
Publicity & Advert
Telephone & Internet
Subscriptions & Professional Fees
Training & Development
Repairs & Maintenace
Bank Charges
Accountance Fee
Outing Educational cost
Depreciation|**Unrestricted**
**Total**
**Total**
**Funds**
**2023**
**2022**
£
£
£
7,700
7,700
7,907
9580
9,580
8,583
1630
1,630
1,265
5,393
5,393
3,741
675
675
579
80,911
80,911
69,888
790
790
162
0
0
0
869
869
847
50
50
50
1250
1,250
950
353
353
282
138
138
110
750
750
0
3446
3,446
1,950
2751
2,751
1,344|
|---|---|
||**116,285**
**116,285**
**97,659**|
**8**
## **ST PETERS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023**
## **5. Trustee Remuneration**
No trustee has received remuneration in the year. No trustee has had expenses reimbursed in the year.
There were no staff costs and emoluments and thus no employee whose emoluments exceeded £60,000.
|**6. Creditors: Amount falling due within one year**
**2023**
**£**
Accruals
0
0
**7. Net Movement in Funds for the Period**
The net movement in funds for the period is stated after charging:
**2023**
£
Depreciation of tangible fixed assets - for use by the charity
2,751
Accountancy Fee
750
**8. Analysis of Net Assets between funds**
**Net Cur**
**Computer**
**Fixtures &**
**Assets less**
**Equipment**
**Furniture**
**Liabilities**
£
£
£
Unrestricted Funds:
**590**
**7,664**
**73,045**||||**2022**
**£**|
|---|---|---|---|---|
|||||0|
|||**2022**
£
1,344
750
**Total**
**2021**
£
**81,299**|||
**9**