**REGISTERED COMPANY NUMBER: 07490493 (England and Wales) REGISTERED CHARITY NUMBER: 1147493** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
TRUSTEES Mrs M H Riley
Mrs S L Hodson
Mrs S L Piercy (resigned 1.11.21)
Mrs H L Forbes (appointed 23.11.21)
Mrs G L Albanese (appointed 23.11.21)
Mrs E M Miles (appointed 23.11.21)
COMPANY SECRETARY Mrs S L Piggott-Denison
REGISTERED OFFICE Leavale Road
Norton
Stourbridge
West Midlands
DY8 2DT
REGISTERED COMPANY NUMBER 07490493 (England and Wales)
REGISTERED CHARITY NUMBER 1147493
INDEPENDENT EXAMINER J W Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
**----- End of picture text -----**
Page 1 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** ## Purposes and aims Little Saints Preschool Stourbridge Management Committee Ltd's principal activity is the provision of pre-school nursery services. ## Ensuring our work delivers our aims We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. ## The focus of our work Among the pre-school nursery services offered by Little Saints Preschool Stourbridge Management Committee Ltd are the provision of appropriate play, education and care facilities. ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** ## How our activities deliver public benefit In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit, including the guidance on public benefit and fee charging. Our main activities and who we try to help are described below. All of our charitable activities focus on our ability to enhance, develop and educate children primarily under statutory school age. During the year ended 31 March 2022 Little Saints Preschool Stourbridge Management Committee Ltd has been successful in encouraging parents to understand and provide for the needs of their children through the various pre-school nursery services provided. Among these services are the provision of community groups and the provision of appropriate play, education and care facilities and training courses and parents have been encouraged to become involved in the activities of the groups provided by Little Saints Preschool Stourbridge Management Committee Ltd during the year. As a result, the groups and facilities offered by Little Saints Preschool Stourbridge Management Committee Ltd have offered opportunities for all children regardless of their race, culture, religion, means and ability. Page 2 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **FINANCIAL REVIEW** ## **Reserves policy** It is the policy of the trustees to maintain a level of reserves sufficient to ensure the continued operation of the charity's activities. ## **Financial review** The Statement of Financial Activities for the year ended 31 March 2022 shows incoming resources of £114,059 (2021: £117,702) and resources expended of £126,454 (2021: £115,955) , resulting in a deficit of £12,395 (2021 surplus of £1,747). The reserves are primarily to cover the development and future operational expenses of Little Saints Preschool Stourbridge Management Committee Ltd. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Little Saints Preschool Stourbridge Management Committee Ltd is a company limited by guarantee (registered company number 07490493) which was incorporated on 12 January 2011 and achieved charitable status on 29 May 2012 (registered charity number 1147493). The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. As per a resolution dated 7 March 2012 the company's members passed a resolution to adopt the Articles of Association for a charitable company which was forwarded to Companies House and an application was made to the Charity Commission in order for the company to become a charitable company. Following the adoption of these Articles of Association, in the event of the company being wound up members are required to contribute an amount not exceeding £10. ## **Recruitment and appointment of new trustees** As set out in the charity's Articles of Association new trustees are appointed by the board of trustees after applying to the company in the form required by the trustees and after being approved by the board of trustees. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements. ## **Organisational structure** Little Saints Preschool Stourbridge Management Committee Ltd is organised so that its management committee of trustees meet regularly to manage its affairs and formulate policy. A scheme of delegation is in place and day to day responsibility for the provision of the charity's services rest with a playroom leader. The playroom leader is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The playroom leader also has responsibility for the day to day operational management of the charity, individual supervision of the staff team and ensuring that the team continue to develop their skills and working practices in line with good practice. ## **Induction and training of new trustees** New trustees undergo an orientation day to brief them on legal obligations under charity law, the content of the charity's constitution, the committee and decision-making processes and the recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the understanding of their role. Page 3 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Mrs M H Riley - Trustee Page 4 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** ## **Independent examiner's report to the trustees of Little Saints Preschool Stourbridge Management Committee Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 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 charity'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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Kirsty Jackson FCCA ACA J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH Date: ............................................. Page 5 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
4
Grants receivable
**86,532**
Other trading activities
2
**27,526**
Investment income
3
**1**
**Total**
**114,059**
**EXPENDITURE ON**
**Charitable activities**
5
Charitable activities
**80,539**
Support costs
**45,915**
**Total**
**126,454**
**NET INCOME/(EXPENDITURE)**
**(12,395)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**21,009**
**TOTAL FUNDS CARRIED FORWARD**
**8,614**|2021
Total
funds
£
101,522
16,175
5
117,702
89,300
26,655
115,955
1,747
19,262
21,009| |---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 6 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** ## **BALANCE SHEET 31 MARCH 2022** |**2022**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
11
**1,760**
**CURRENT ASSETS**
Stocks
12
**285**
Debtors
13
**3,530**
Cash at bank
**7,432**
**11,247**
**CREDITORS**
Amounts falling due within one year
14
**(4,393)**
**NET CURRENT ASSETS**
**6,854**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**8,614**
**NET ASSETS**
**8,614**
**FUNDS**
15
Unrestricted funds
**8,614**
**TOTAL FUNDS**
**8,614**|2021
Total
funds
£
2,140
610
-
22,065
22,675
(3,806)
18,869
21,009
21,009
21,009
21,009| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 7 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)** ## **BALANCE SHEET - continued 31 MARCH 2022** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Mrs S L Hodson - Trustee ............................................. Mrs M H Riley - Trustee The notes form part of these financial statements Page 8 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS** The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income received by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specif performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Investment income is included where receivable. Incoming resources from grants, where related related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by performance. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include fees and costs linked to the strategic management of the charity. ## **BASIC FINANCIAL ASSETS** Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets receivable within one year are not amortised. continued... Page 9 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES - continued** ## **EXPENDITURE** ## **CLASSIFICATION OF FINANCIAL LIABILITIES** Basic financial liabilities, including creditors and bank loans are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost ## **STOCKS** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **HIRE PURCHASE AND LEASING COMMITMENTS** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **COMPANY STATUS** The charity is a company limited by guarantee. The members of the company are the trustees named on the company information page. In the event of the charity being wound up the liability in respect of the guarantee is limited to £10 per member of the charity. continued... Page 10 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
2. OTHER TRADING ACTIVITIES
2022 2021
£ £
Fundraising events - 52
Nursery Milk Scheme income - 29
Childcare voucher income 4,727 3,728
Nursery fees 22,799 12,366
27,526 16,175
3. INVESTMENT INCOME
2022 2021
£ £
Deposit account interest 1 5
4. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Grants Total
receivable activities
£ £
Grants 83,681 83,848
CJRS grants received 2,851 17,674
86,532 101,522
EEF grants Dudley MBC £75,354 (2021: £74,848)
Discretionary grants Dudley MBC £5,024 (2021: £9,000)
EYIC grants Dudley MBC £3,303 (2021 : £nil)
5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note 7) Totals
£ £ £
Charitable activities 80,539 - 80,539
Support costs 21,535 24,380 45,915
102,074 24,380 126,454
**----- End of picture text -----**
continued... Page 11 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES** **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Staff costs|95,785|81,014| |Toys and equipment|3,732|7,198| |Milk and food expenses|-|192| |Outings expenses|416|-| |Dance expenses|676|572| |Uniform expenses|325|144| |Sports activities|1,140|180| |102,074|89,300| **----- End of picture text -----**
## **7. SUPPORT COSTS** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Governance| |Management|Finance|Other|costs|Totals| |£|£|£|£|£| |Support costs|7,214|1,400|12,479|3,287|24,380| **----- End of picture text -----**
Support costs are those costs that have been incurred by the charity in order to further the continued development of the charity's charitable activities. Support costs, included in the above, are as follows: **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |Support|Total| |costs|activities| |£|£| |Rent|6,396|6,396| |Staff training|818|622| |Bad debts|1,400|-| |Insurance|600|-| |Telephone|1,065|1,034| |Postage and stationery|1,346|2,401| |Sundry expenses|2,667|2,403| |Repairs and renewals|5,006|8,663| |Depreciation of tangible fixed assets|1,795|1,656| |Independent examiner's fee|1,895|1,884| |Payroll costs|1,392|1,596| |24,380|26,655| **----- End of picture text -----**
continued... Page 12 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Depreciation - owned assets|1,795|1,656| |Other operating leases|6,396|6,396| **----- End of picture text -----**
## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **10. STAFF COSTS** **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Wages and salaries|93,067|79,863| |Social security costs|1,309|109| |Other pension costs|1,409|1,042| |95,785|81,014| **----- End of picture text -----**
The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |Management and administration|12|10| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. continued... Page 13 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2021 10,787
Additions 1,415
At 31 March 2022 12,202
DEPRECIATION
At 1 April 2021 8,647
Charge for year 1,795
At 31 March 2022 10,442
NET BOOK VALUE
At 31 March 2022 1,760
At 31 March 2021 2,140
12. STOCKS
2022 2021
£ £
Uniform stock 285 610
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 3,530 -
**----- End of picture text -----**
continued... Page 14 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Social security and other taxes
Other creditors
Accrued expenses
**15.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
**21,009**
**21,009**
Incoming
resources
£
**114,059**
**114,059**
At 1.4.20
£
19,262
19,262|**2022**
2021
**£**
£
**2,295**
1,826
**238**
-
**1,860**
1,980
**4,393**
3,806
Net
movement
At
in funds
31.3.22
£
£
**(12,395)**
**8,614**
**(12,395)**
**8,614**
Resources
Movement
expended
in funds
£
£
**(126,454)**
**(12,395)**
**(126,454)**
**(12,395)**
Net
movement
At
in funds
31.3.21
£
£
1,747
21,009
1,747
21,009| |---|---|---| continued... Page 15 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **15. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
117,702
117,702|Resources
Movement
expended
in funds
£
£
(115,955)
1,747
(115,955)
1,747| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |At 1.4.20
£
**Unrestricted funds**
General fund
19,262|Net
movement
At
in funds
31.3.22
£
£
(10,648)
8,614| |---|---| |**TOTAL FUNDS**
19,262|(10,648)
8,614| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
231,761
231,761|Resources
Movement
expended
in funds
£
£
(242,409)
(10,648)
(242,409)
(10,648)| |---|---|---| ## **Purpose of Unrestricted Funds** ## General fund This fund represents the free funds of the charity that are not designated for particular purposes. continued... Page 16 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. ## **17. ULTIMATE CONTROLLING PARTY** The charity is controlled by the directors/trustees as listed in the Report of the Trustees. Page 17 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**INCOME AND ENDOWMENTS**
**Other trading activities**
Fundraising events
Nursery Milk Scheme income
Childcare voucher income
Nursery fees
**Investment income**
Deposit account interest
**Charitable activities**
Grants
CJRS grants received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Toys and equipment
Milk and food expenses
Outings expenses
Dance expenses
Uniform expenses
Sports activities
**Support costs**
**Management**
Rent
Staff training|2022
£
**-**
**-**
**4,727**
**22,799**
**27,526**
**1**
**83,681**
**2,851**
**86,532**
**114,059**
**93,067**
**1,309**
**1,409**
**3,732**
**-**
**416**
**676**
**325**
**1,140**
**102,074**
**6,396**
**818**
**7,214**|2021
£
52
29
3,728
12,366
16,175
5
83,848
17,674
101,522
117,702
79,863
109
1,042
7,198
192
-
572
144
180
89,300
6,396
622
7,018| |---|---|---| This page does not form part of the statutory financial statements Page 18 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**Management**
**Finance**
Bad debts
**Other**
Insurance
Telephone
Postage and stationery
Sundry expenses
Repairs and renewals
Depreciation of tangible fixed assets
**Governance costs**
Independent examiner's fee
Payroll costs
Total resources expended
**Net (expenditure)/income**|2022
£
**1,400**
**600**
**1,065**
**1,346**
**2,667**
**5,006**
**1,795**
**12,479**
**1,895**
**1,392**
**3,287**
**126,454**
**(12,395)**|2021
£
-
-
1,034
2,401
2,403
8,663
1,656
16,157
1,884
1,596
3,480
115,955
1,747| |---|---|---| This page does not form part of the statutory financial statements Page 19 **LITTLE SAINTS PRESCHOOL STOURBRIDGE MANAGEMENT COMMITTEE LTD** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18 to 19
**----- End of picture text -----**