Charity no. 1146532
Our Lady of Lourdes Pre-School Report and Financial Statements 31 August 2023
Our Lady of Lourdes Pre-School
Contents
| For the year ended 31 August 2023 | |
|---|---|
| Page | |
| Reference and administrative details | 1 |
| Report of the trustees | 2 |
| Independent examiners report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
Our Lady of Lourdes Pre-School
Reference and administrative details
| For theyear ended | 31 August 2023 | |
|---|---|---|
| Charity number | 1146532 | |
| Operational | 2 Court Road | |
| address | Kingswood | |
| Bristol | ||
| BS15 9QB | ||
| Trustees | Vicky Robbins | Chair |
| Ebony Coleman | Treasurer - Appointed 11/10/23 | |
| Stacey Keal | Appointed 11/10/23 | |
| Amy Weston | Appointed 11/10/23 | |
| Lee Weston | Appointed 11/10/23 | |
| Chloe Chan | Appointed 11/10/23 | |
| Accountant | Stepping Stones | Accountancy Limited |
| 7c Hanham Hall | ||
| Whittucks Road | ||
| Hanham | ||
| Bristol | ||
| BS15 3FR |
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Our Lady of Lourdes Pre-School
Report of the trustees
For the year ended 31 August 2023
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2015).
Governing document
Our Governing Document is the Pre-School Learning Alliance Pre-School Constitution 2012 (Standard Version).
Objectives and Activities
The Object of the Pre-School is to provide an educational experience for the children in the community between ages of two and five. We seek to provide a structured, educational environment, that develops the children's behaviour and social skills, encouraging their physical, academic and emotional development through the Early Years Foundation Stage, thereby preparing the children for their transition to school.
In setting our objectives and planning our activities trustees have given careful consideration to the Charity Commission’s public benefit guidance.
Trustee Selection
Our Trustees are selected at the Annual General meeting or at a general committee meeting if necessary during the year by the membership of the Pre-school. When selected, all members are checked by the Disclosure and Barring Service.
Organisation Structure
The Pre-School Manager and Deputy run the Pre-School on a day-to-day basis. They are responsible for the rest of the staff and work closely with the committee members to ensure that the setting is meeting the needs of the children and their families.
Decision Making Process
All decisions with regard to the Pre-School are made by the committee with all major decision stated in the committee meeting minutes.
Achievements and Performance
On behalf of the Trustees, thanks to all the parents and other cares who support Pre-School, by bringing your children regularly and thus confirming your positive attitude to learning and new experiences and also equally importantly through your continued support of the various 'Fundraising Activities' held during the year.
The Pre-School has continued to run successfully with high attendance and new children joining as soon as openings arise - this is clearly a reflection on the perceived capabilities of the individual staff and Pre-School as whole.
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Our Lady of Lourdes Pre-School
Report of the trustees
For the year ended 31 August 2023
Statement of responsibilities of the trustees
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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 confirm that to the best of their knowledge there is no information relevant to the audit of which the auditors are unaware. The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information has been communicated to the auditors.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Approved by the trustees on 12 June 2024 and signed on their behalf by
Vicky Robbins - Chair
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Independent examiners report
To the members of
Our Lady of Lourdes Pre-School
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st August 2023.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Having satisfied myself that the accounts of the company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 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 accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nathan Brady Stepping Stones Accountancy Ltd 7C Hanham Hall Whittucks Road Hanham Bristol BS15 3FR
12th June 2024
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Our Lady of Lourdes Pre-School
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 August 2023
| Note Income from: Charitable activities 3 Investments 4 Total income Expenditure on: Charitable activities Total expenditure 5 Reconciliation of funds: Total funds brought forward Total funds carried forward Net income / (expenditure) and net movement in funds |
Unrestricted £ 81,133 57 81,190 88,360 88,360 (7,170) 33,800 26,630 |
2023 Total £ 81,133 57 81,190 88,360 88,360 (7,170) 33,800 26,630 |
2022 Total £ 99,924 1 99,925 88,587 88,587 11,338 22,462 33,800 |
|---|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the accounts.
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Our Lady of Lourdes Pre-School
Balance sheet
As at 31 August 2023
| Note Fixed assets Tangible fixed assets 8 Current assets Debtors 9 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 10 Net current assets Net assets 11 Funds 12 Unrestricted funds: General funds Total charity funds |
£ 4,046 24,564 28,610 2,175 |
2023 £ 195 195 26,435 26,630 26,630 26,630 |
2022 £ 301 301 1,340 34,492 35,832 2,333 33,499 33,800 33,800 33,800 |
|---|---|---|---|
Approved by the trustees on 12 June 2024 and signed on their behalf by
Vicky Robbins - Chair
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Our Lady of Lourdes Pre-School
Statement of cash flows
For the year ended 31 August 2023
| Note Cash used in operating activities: Net cash provided by / (used in) operating activities 13 Cash flows from investing activities: Dividends, interest and rents from investments Purchase of tangible fixed assets Net cash provided by / (used in) investing activities Increase / (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2023 £ (9,985) 57 - 57 (9,928) 34,492 24,564 |
2022 £ 12,050 1 (374) (373) 11,677 22,815 34,492 |
|---|---|---|
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Our Lady of Lourdes Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having considered the charity's ability to generate its own income over the next twelve months.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. In line with the SORP FRS102, the value of services provided by volunteers has not been included.
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
f) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
g) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
h) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
i) Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
2. Prior period comparatives: statement of financial activities
| Income from: Charitable activities Investments Total income Expenditure on: Charitable activities Total expenditure Net income / (expenditure) Transfers between funds Net movement in funds Income from charitable activities Event income Fees Total income from charitable activities Lunches Uniform Other |
£ 80,540 239 142 156 56 81,133 Unrestricted |
£ 99,924 1 99,925 88,587 88,587 11,338 - 11,338 2023 Total £ 80,540 239 142 156 56 81,133 Unrestricted |
2022 Total £ 99,924 1 99,925 88,587 88,587 11,338 - 11,338 2022 Total £ 99,077 354 134 180 179 99,924 |
|---|---|---|---|
3. Income from charitable activities
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
4. Investment income
| Bank interest Total investment income |
£ 57 57 Unrestricted |
2023 Total £ 57 57 |
2022 Total £ 1 1 |
|---|---|---|---|
5. Expenditure
| Raising funds £ - Establishment costs - Property maintenance - Consumables & Catering - Equipment & Toys - Events & trips - - Training - Uniforms - Subcontractor costs - Insurance - - Fundraising costs - - - Advertising - - - Other costs Bank charges Total expenditure Staff costs Office expenses Legal & professional Depreciation |
Charitable activities £ 63,798 9,711 168 3,406 1,079 410 2,532 1,313 202 133 1,276 3,261 10 106 209 450 296 88,360 |
£ - - - - - - - - - - - - - - - - - - Support and governance costs |
2023 Total £ 63,798 9,711 168 3,406 1,079 410 2,532 1,313 202 133 1,276 3,261 10 106 209 450 296 88,360 |
2022 Total £ 63,886 9,105 921 2,253 337 448 2,002 985 873 1,942 1,205 3,601 101 235 234 10 449 88,587 |
|---|---|---|---|---|
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
6. Staff costs and numbers
| Staff costs were as follows: 2023 £ Salaries and wages 62,679 Pension costs 1,119 63,798 No employee earned more than £60,000 during the year (2020: none). 2023 No. Average number of employees 4 |
2022 £ 62,915 971 63,886 2022 No. 6 |
|---|---|
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. No trustee expenses have been incurred during the period.
7. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
8. Tangible fixed assets
| Cost At 1 September 2022 Additions in year Disposals at cost At 31 August 2023 Depreciation At 1 September 2022 Charge for the year Eliminated on disposal for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 9. Debtors Trade debtors 10. Creditors: amounts due within 1 year Accruals Other taxation and social security Other creditors |
Equipment £ 972 - - 972 671 106 - 777 195 301 |
Motor vehicles £ - - - - - - - - - - 2023 £ 4,046 4,046 2023 £ 1,000 783 392 2,175 |
Total £ 972 - - 972 671 106 - 777 195 301 2022 £ 1,340 1,340 2022 £ 1,000 1,333 - 2,333 |
|---|---|---|---|
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Our Lady of Lourdes Pre-School
Notes to the financial statements
For the year ended 31 August 2023
11. Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Net assets at 31 August 2023 Movements in funds At 1 September 2022 £ 33,800 33,800 33,800 Total funds General funds Unrestricted funds Total unrestricted |
Income £ 81,190 81,190 81,190 |
£ (88,360) (88,360) (88,360) Expenditure |
Total funds £ £ 195 195 28,610 28,610 (2,175) (2,175) 26,630 26,630 £ £ - 26,630 - 26,630 - 26,630 At 31 August 2023 Unrestricted funds Transfers between funds |
|---|---|---|---|
12. Movements in funds
13. Reconciliation of net movement in funds to net cash flow from operating activities
| Net movement in funds Adjustments for: Depreciation charges Dividends, interest and rents from investments Decrease / (increase) in debtors Increase / (decrease) in creditors Net cash provided by / (used in) operating activities |
2023 £ (7,170) 106 (57) (2,706) (158) (9,985) |
2022 £ 11,338 234 (1) (854) 1,333 12,050 |
|---|---|---|
14. Related party transactions
There were no related party transactions during the period.
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