St Benedicts Pre-School
Unaudited annual report and financial statements
For the year ended
5 April 2024
Charity Number 1142746
St Benedicts Pre-School
Financial statements
Year ended 5 April 2024
| 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 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024.
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 | |
| Trustees (Committee members) | Tessa Amy Crane (Chair) |
| Julian Grant (Treasurer) | |
| Lynne Poll (Secretary) | |
| Nicki Mayston | |
| Nigel Lacey | |
| Independent Examiner | Mark Proctor FCA |
| Lovewell Blake LLP | |
| Chartered Accountants | |
| Bankside 300 | |
| Peachman Way | |
| Broadland Business Park | |
| Norwich | |
| NR7 0LB | |
| Bankers | Barclays Bank PLC |
| Barclays Banking | |
| Leicester | |
| LE87 2BB |
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St Benedicts Pre-School
Trustees' annual report (continued)
Year ended 5 April 2024
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
This year we are still recovering from our Ofsted report last year. We are making small adjustments in setting to try to recover more funds. We have applied for several community grants to help us to purchase resources and improve the new nature garden.
Financial review
The results of the Charity are shown on pages 4 to 6.
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 5 April 2024 the Charity had unrestricted free reserves of £90,701 (2023: £92,002).
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.
Organisational structure
St Benedicts Pre School is made up of 5 trustees and multiple practitioners who oversee the day to day running of the Pre-School.
Plans for future periods
Our aim is to continue to grow, rebuild our reputation and take in more children following the government changes in childcare. We have opened a Monday afternoon starting September 2024 on a trial basis to try to provide more flexible sessions for working families.
The staff and committee are committed to building the setting and ensuring it grows. And our new nature area links in with our ethos. Play, protect and grow.
Independent examiner
Mark Proctor FCA of Lovewell Blake LLP has been appointed as independent examiner for the ensuing year.
Signed on behalf of the trustees on 9 September 2024.
Mrs T A Crane Chair
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St Benedicts Pre-School
Independent examiner's report to the trustees of St Benedicts Pre-School
Year ended 5 April 2024
I report on the accounts of the charity trustees for the year ended 5 April 2024 which are set out on pages 4 to 6.
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
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the accounts do not accord with those records; or
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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.
Mark Proctor Independent examiner Lovewell Blake LLP Chartered Accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
20 September 2024
The notes on pages 6 form part of these financial statements.
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St Benedicts Pre-School
Receipts and payments account
Year ended 5 April 2024
| Total | Total | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 2024 | 2023 | ||
| Note | £ | £ | |
| Receipts | |||
| Grant income | 1 | 104,956 | 96,893 |
| Income from charitable activities | 2 | 13,563 | 11,372 |
─────── |
─────── |
||
| Total receipts | 118,519 | 108,265 | |
─────── |
─────── |
||
| Payments | |||
| Charitable activities | 3 | (119,851) | (118,471) |
─────── |
─────── |
||
| Total payments | (119,851) | (118,471) | |
─────── |
─────── |
||
| Net payments | (1,302) | (10,206) | |
| Cash and bank balance at 5 April 2023 | 92,002 | 102,208 | |
─────── |
─────── |
||
| Cash and bank balance at 5 April 2024 | 90,701 | 92,002 | |
═══════ |
═══════ |
The notes on pages 6 form part of these financial statements.
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St Benedicts Pre-School
Statement of assets and liabilities
Year Ended 5 April 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash funds | ||
| Bank – Current account | 90,661 | 91,932 |
| Petty cash | 40 | 70 |
─────── |
─────── |
|
| 90,701 | 92,002 | |
═══════ |
═══════ |
|
| Liabilities | ||
| Independent Examination | 1,495 |
1,380 |
These financial statements were approved by the board of trustees and authorised for issue on 9 September 2024 and are signed on behalf of the board by:
Mrs T A Crane
Chair
The notes on pages 6 form part of these financial statements.
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St Benedicts Pre-School
Notes to the financial statements
Year ended 5 April 2024
1. Income from grants
| Income from grants | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2024 | 2023 | |
| £ | £ | £ | |
| Funding from Suffolk County and East Suffolk Council | 104,956 _ |
104,956 _ |
96,893 ______ |
All income received in respect of grant income during the period (2023: £96,893) was attributable to unrestricted funds.
2. Income from charitable activities
| Income from charitable activities | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2024 | 2023 | |
| £ | £ | £ | |
| Fee income from parents, National Savings and SLC | 13,563 ______ |
13,563 ______ |
11,372 ______ |
All income received in respect of charitable activities during the period (2023: £11,372) was attributable to unrestricted funds.
3. Costs of charitable activities
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2024 | 2023 | |
| £ | £ | £ | |
| Purchases | 3,810 | 3,810 | 4,440 |
| Wages and salaries | 98,644 | 98,644 | 95,244 |
| Sundry expenses | 4,348 | 4,318 | 6,424 |
| Professional fees | 117 | 117 | 145 |
| Postage, stationery and telephone | 403 | 403 | 372 |
| Rent and rates | 9,205 | 9,205 | 8,530 |
| Repairs and maintenance | 417 | 417 | 2,038 |
| Governance costs | 1,380 | 1,380 | 1,278 |
| Training | 1,452 | 1,452 | - |
| Subscriptions | 75 | 75 | - |
__________ |
__________ |
__________ |
|
| 119,851 _ |
119,821 _ |
118,471 _ |
All expenditure paid in respect of charitable activities during the period (2023: £118,471) was attributable to unrestricted funds.
4. Related party transactions
During the period total remuneration of £nil (2023: £809) was paid to one of the trustees of the Charity.
There were no trustee expenses paid during the period (2023: £Nil).
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