## **St Benedicts Pre-School** 

## **Unaudited annual report and financial statements** 

**For the year ended** 

**5 April 2022** 

**Charity Number 1142746** 



## **St Benedicts Pre-School** 

## **Financial statements** 

## **Year ended 5 April 2022** 

|**Contents**|**Pages**|
|---|---|
|Trustees' annual report|**1 to 2**|
|Independent examiner's report to the trustees|**3**|
|Receipts and payments account|**4**|
|Statement of assets and liabilities|**5**|
|Notes to the financial statements|**6 to 7**|





## **St Benedicts Pre-School** 

## **Trustees' annual report** 

## **Year ended 5 April 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2022. 

## **Reference and administrative details** 

Registered charity name St Benedicts Pre-School Charity registration number 1142746 Principal address St Benedicts Church Hollingsworth Road Lowestoft   Suffolk NR32 4AX The trustees 

The trustees who served the charity during the period were as follows: 

Gemma Hampton (Chair) Melanie Lord (Secretary) Julie Everson (Treasurer) Independent Examiner Matthew Waters FCCA Lovewell Blake LLP Chartered Accountants Excelsior House 9 Quay View Business Park Barnards Way Lowestoft NR32 2HD Bankers Barclays Bank PLC Barclays Banking Leicester LE87 2BB 

**- 1 -** 



## **St Benedicts Pre-School** 

## **Trustees' annual report** _**(continued)**_ 

## **Year ended 5 April 2022** 

## **Objectives and activities** 

The Charity was established to provide childcare for children between the ages of 2 and 4 years old, some of which may have learning difficulties. The facilities available allow the Charity to offer rolling snack bar, inside and outside play areas and a safe and friendly environment. 

The Trustees have taken due regard to the guidance published by the Charities Commission on public benefit. It is considered that a public benefit is provided by providing funded childcare services to working families. 

## **Achievements and performance** 

The year to 5 April 2022 has seen the continuing impacts of COVID-19 on the charity as PPE and deep cleaning resources continue to be purchased to minimise the risk. In the year there was an increase in Special Educational Needs and Disability children requiring was more 1-1 care needed which has impacted on the number of children which could be taken on each session. 

## **Financial review** 

The results of the Charity are shown on pages 4 to 7. 

As at 5 April 2022: £102,208 (2021: £116,294) was held in cash funds. 

The current level of reserves is considered sufficient enough to cover the operating costs of the Charity for the next 12 months. Reserves will be held at this level for the foreseeable future. 

## **Structure, governance and management** 

St Benedicts Pre-School is registered with the Charity Commission under the Charities Act 2011. 

The board of trustees is made up of parents of the children that attend the pre-school. Trustees are selected by management on the basis that the parents of the children have the largest connection with the Charity, and therefore will guide the Charity in the right direction. 

## **Reserves policy** 

The Charity’s reserve policy is set to achieve three times the monthly salary commitment. This currently sits at £21,000. As at 05 April 2022 the Charity had unrestricted free reserves of £102,208 (2021: £116,294). 

## **Independent examiner** 

Matthew Waters FCCA of Lovewell Blake LLP has been appointed as independent examiner for the ensuing year. 

Signed on behalf of the trustees on 7 July 2022. 

Mrs Gemma Hampton 

Chair 

**- 2 -** 



## **St Benedicts Pre-School** 

## **Independent examiner's report to the trustees of St Benedicts Pre-School** 

## **Year ended 5 April 2022** 

I report on the accounts of the charity trustees for the year ended 5 April 2022 which are set out on pages 4 to 7. 

## **Respective responsibilities of trustees and examiner** 

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

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

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination given me cause to believe that in any material respect: 

- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

- the accounts do not accord with those records; or 

- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Matthew Waters FCCA Independent examiner Lovewell Blake LLP Chartered Accountants Excelsior House Barnards Way Lowestoft NR32 2HD 

10 July 2022 

**The notes on pages 6 to 8 form part of these financial statements.** 

**- 4 -** 



## **St Benedicts Pre-School** 

## **Receipts and payments account** 

## **Year ended 5 April 2022** 

|||**Total**|Total|
|---|---|---|---|
|||**Unrestricted**|Unrestricted|
|||**Funds**|Funds|
|||**2022**|2021|
||**Note**|**£**|£|
|**Income**||||
|Grant income|**3**|92,239|85,389|
|Income from charitable activities|**4**|9,103|9,042|
|||`───────`|`───────`|
|**Total income**||101,342|94,431|
|||`───────`|`───────`|
|**Expenditure**||||
|Charitable activities|**5**|(115,428)|(98,434)|
|||`───────`|`───────`|
|**Total expenditure**||(115,428)|(98,434)|
|||`───────`|`───────`|
|**Net (expenditure)/income for the year**||(14,086)|(4,003)|
|**Reconciliation of funds**||||
|Cash funds brought forward||116,294|120,297|
|||`───────`|`───────`|
|**Cash funds carried forward**||102,208|116,294|
|||`═══════`|`═══════`|



**The notes on pages 6 to 8 form part of these financial statements.** 

**- 4 -** 



## **St Benedicts Pre-School** 

## **Statement of assets and liabilities** 

## **Year Ended 5 April 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Cash at bank**|||
|Bank – Current account|102,138|116,224|
|Petty cash|70|70|
||`───────`|`───────`|
||102,208|116,294|
||`═══════`|`═══════`|



These financial statements were approved by the board of trustees and authorised for issue on 7 July 2022 and are signed on behalf of the board by: 

Mrs Gemma Hampton 

Chair 

**The notes on pages 6 to 8 form part of these financial statements.** 

**- 5 -** 



## **St Benedicts Pre-School** 

## **Notes to the financial statements** 

## **Year ended 5 April 2022** 

## **1. Accounting policies** 

## **1. General information** 

The charity is a registered charity in England and Wales and is unincorporated. 

The address of the principal office is St Benedicts Church, Hollingsworth Road, Lowestoft, Suffolk, NR32 4AX. 

St Benedicts Pre-School provides childcare for children aged 2-4 years, some of which have additional needs. They offer rolling snack, outside play and a safe, friendly, welcoming environment for all. 

## **2. Accounting policies** 

## **(a) Basis of preparation** 

The financial statements have been prepared on a receipts and payments basis. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **(b) Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

## **(c) Going concern** 

The financial statements have been prepared on the going concern basis as the Charity has a sufficient level of reserves to support the Charity’s activities for the foreseeable future. 

## **(d) Income** 

All income is included in the receipts and payments account when the charity has received the income. The following specific policies are applied to particular categories of income: 

• Income is received by way of grants and is included in full in the receipts and payments account when received. 

• Income from charitable activities are accounted for when earned. 

## **(e) Expenditure** 

Expenditure is recognised on a payments basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: 

• Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

**- 6 -** 



## **St Benedicts Pre-School** 

## **Notes to the financial statements** 

## **Year ended 5 April 2022** 

## **3. Income from grants** 

|**Income from grants**||||
|---|---|---|---|
||**Unrestricted**|**Total Funds**|Total Funds|
||**Funds**|**2022**|2021|
||**£**|**£**|£|
|Funding from Suffolk County and East Suffolk Council|92,239|92,239|85,389|
||`═══════`|`═══════`|`═══════`|



All income received in respect of grant income during the period (2021: £85,389) was attributable to unrestricted funds. 

## **4. Income from charitable activities** 

|**Income from charitable activities**||||
|---|---|---|---|
||**Unrestricted**|**Total Funds**|Total Funds|
||**Funds**|**2022**|2021|
||**£**|**£**|£|
|Fee income from parents, National Savings and SLC|9,103<br>`══════`|9,103<br>`══════`|9,042<br>`══════`|



All income received in respect of charitable activities during the period (2021: £9,042) was attributable to unrestricted funds. 

## **5. Costs of charitable activities** 

||**Unrestricted**|**Total Funds**|Total Funds|
|---|---|---|---|
||**Funds**|**2022**|2021|
||**£**|**£**|£|
|Purchases|5,485|5,485|4,261|
|Wages and salaries|92,295|92,295|80,187|
|Book purchases|169|169|-|
|Sundry expenses|8,682|8,682|5,319|
|Equipment hire|-|-|1,020|
|Professional fees|35|35|70|
|Postage, stationery and telephone|294|294|277|
|Rent and rates|6,496|6,496|5,027|
|Repairs and maintenance|65|65|1,019|
|Governance costs|1,230|1,230|1,194|
|Subscriptions|-|-|60|
|Training|677|677|-|
||`───────`|`───────`|`───────`|
||115,428|115,428|98,434|
||`══════`|`══════`|`══════`|



All expenditure paid in respect of charitable activities during the period (2021: £98,434) was attributable to unrestricted funds. 

## **6. Related party transactions** 

During the period total remuneration of £1,254 (2021: £1,260) was paid to trustees of the Charity. There were no trustee expenses paid during the period (2021: £Nil). 

**- 7-**