```
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 2023
```
## **`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
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
```
||**`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`|
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2023
```
```
TRUSTEESMs K Jones (appointed 1.6.23)
Mrs M H Riley
Mrs S L Hodson
Mrs H L Forbes (resigned 1.6.23)
Mrs G L Albanese
Mrs E M Miles (resigned 1.2.23)
Ms R M Bignell (appointed 1.9.23)
Ms E M Lodge-Knowles (appointed 1.9.23)
COMPANY SECRETARYMrs S L Piggott-Denison
REGISTERED OFFICELeavale Road
Norton
Stourbridge
West Midlands
DY8 2DT
REGISTERED COMPANY NUMBER 07490493 (England and Wales)
REGISTERED CHARITY NUMBER 1147493
INDEPENDENT EXAMINERJ W Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
```
```
Page 1
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`**
```
TrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
the financialstatementsof the charityfor the year ended 31 March 2023. The trusteeshave adoptedthe provisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
## `Purposes and aims`
```
LittleSaintsPreschoolStourbridgeManagementCommitteeLtd'sprincipalactivityistheprovisionof pre-school
nursery services.
```
## `Ensuring our work delivers our aims`
```
We reviewouraims,objectivesandactivitieseachyear.Thisreviewlooksat whatwe achievedandtheoutcomes of
ourworkintheprevious12 months.Thereviewlooksatthesuccessof eachkeyactivityandthebenefitsthey have
broughtto thosegroupsof peoplewe are set up to help.The reviewalsohelpsus to ensurethatouraim, objectives
and activities remained focused on our stated purposes.
```
```
WehavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewingouraimsandobjectivesandinplanningourfutureactivities.Inparticular,thetrusteesconsider how
planned activities will contribute to the aims and objectives they have set.
```
## `The focus of our work`
```
Amongthe pre-schoolnurseryservicesofferedby LittleSaintsPreschoolStourbridgeManagementCommitteeLtd are
the provision of appropriate play, education and care facilities.
```
## **`ACHIEVEMENT AND PERFORMANCE Charitable activities`**
## `How our activities deliver public benefit`
```
Insettingourobjectivesandplanningouractivitiesthetrusteeshavegivencarefulconsiderationtothe Charity
Commission's general guidance on public benefit, including the guidance on public benefit and fee charging.
```
```
Our main activitiesandwho we try to helpare describedbelow.All of ourcharitableactivitiesfocuson ourability to
enhance, develop and educate children primarily under statutory school age.
```
```
Duringtheyearended31March2023LittleSaintsPreschoolStourbridgeManagementCommitteeLtdhas been
successfulinencouragingparentstounderstandandprovidefortheneedsoftheirchildrenthroughthe various
pre-school nursery services provided.
```
```
Amongtheseservicesaretheprovisionofcommunitygroupsandtheprovisionofappropriateplay,education and
carefacilitiesandtrainingcoursesandparentshavebeenencouragedtobecomeinvolvedintheactivitiesof the
groups provided by Little Saints Preschool Stourbridge Management Committee Ltd during the year.
```
```
As a result,thegroupsandfacilitiesofferedbyLittleSaintsPreschoolStourbridgeManagementCommitteeLtd 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 2023`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Itisthepolicyofthetrusteestomaintainalevelofreservessufficienttoensurethecontinuedoperationof the
charity's activities.
```
## **`Financial review`**
```
TheStatementofFinancialActivitiesfortheyearended31March2023showsincomingresourcesof£98,042 (2022:
£114,059) and resources expended of £105,748 (2022: £126,454) , resulting in a deficit of £7,706 (2022 £12,395).
```
```
ThereservesareprimarilytocoverthedevelopmentandfutureoperationalexpensesofLittleSaints Preschool
Stourbridge Management Committee Ltd.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
LittleSaintsPreschoolStourbridgeManagementCommitteeLtdisacompanylimitedbyguarantee (registered
companynumber07490493)whichwasincorporatedon12January2011andachievedcharitablestatuson29 May
2012 (registered charity number 1147493).
```
```
Thecompanywasestablishedundera Memorandumof Associationwhichestablishedtheobjectsandpowersof the
charitable company and is governed under its Articles of Association.
```
```
Asperaresolutiondated7March2012thecompany'smemberspassedaresolutiontoadopttheArticles of
Associationfora charitablecompanywhichwas forwardedto CompaniesHouseandanapplicationwas madeto the
Charity Commission in order for the company to become a charitable company.
```
```
FollowingtheadoptionoftheseArticlesofAssociation,intheeventofthecompanybeingwoundupmembers are
required to contribute an amount not exceeding £10.
```
## **`Recruitment and appointment of new trustees`**
```
As set out in the charity'sArticlesof Associationnew trusteesare appointedby the boardof trusteesafter applying to
the company in the form required by the trustees and after being approved by the board of trustees.
```
```
Alltrusteesgivetheirtimevoluntarilyandreceivenobenefitsfromthecharity.Anyexpensesreclaimedfrom the
charity are set out in the notes to the financial statements.
```
## **`Organisational structure`**
```
LittleSaintsPreschoolStourbridgeManagementCommitteeLtdisorganisedsothatitsmanagementcommittee of
trustees meet regularly to manage its affairs and formulate policy.
```
```
A schemeofdelegationisinplaceanddaytodayresponsibilityfortheprovisionofthecharity'sservicesrestwith a
playroomleader.Theplayroomleaderis responsibleforensuringthatthecharitydeliverstheservicesspecified and
thatkeyperformanceindicatorsaremet.Theplayroomleaderalsohasresponsibilityforthedaytoday operational
managementofthecharity,individualsupervisionofthestaffteamandensuringthattheteamcontinueto develop
their skills and working practices in line with good practice.
```
## **`Induction and training of new trustees`**
```
Newtrusteesundergoanorientationdaytobriefthemonlegalobligationsundercharitylaw,thecontentof the
charity'sconstitution,thecommitteeanddecision-makingprocessesandtherecentfinancialperformanceof the
charity.Duringtheinductiondaytheymeetkeyemployeesandothertrustees.Trusteesareencouragedto 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 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
```
```
Approved by order of the board of trustees on 2 October 2023 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 2023.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich 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
```
```
2 October 2023
```
```
Page 5
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`**
|**`2023`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`4`
`Grants receivable`
**`73,925`**
`Other trading activities`
`2`
**`24,095`**
`Investment income`
`3`
**`22`**
**`Total`**
**`98,042`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Charitable activities`
**`85,570`**
`Support costs`
**`20,178`**
**`Total`**
**`105,748`**
**`NET INCOME/(EXPENDITURE)`**
**`(7,706)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`8,614`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`908`**|`2022`
`Total`
`funds`
`£`
`86,532`
`27,526`
`1`
`114,059`
`80,539`
`45,915`
`126,454`
`(12,395)`
`21,009`
`8,614`|
|---|---|
## **`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 2023`**
|**`2023`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`11`
**`1,056`**
**`CURRENT ASSETS`**
`Stocks`
`12`
**`285`**
`Debtors`
`13`
**`627`**
`Cash at bank`
**`4,759`**
**`5,671`**
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`(5,819)`**
**`NET CURRENT ASSETS`**
**`(148)`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`908`**
**`NET ASSETS`**
**`908`**
**`FUNDS`**
`15`
`Unrestricted funds`
**`908`**
**`TOTAL FUNDS`**
**`908`**|`2022`
`Total`
`funds`
`£`
`1,760`
`285`
`3,530`
`7,432`
`11,247`
`(4,393)`
`6,854`
`8,614`
`8,614`
`8,614`
`8,614`|
|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 March 2023.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2023 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 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon2October2023 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 2023
```
## **`1. ACCOUNTING POLICIES`**
## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparing these
financialstatements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`INCOME`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
```
Voluntaryincome received by way of grants,donationsand gifts is includedin full in the Statementof Financial
Activitieswhenreceivable.Grants,whereentitlementisnotconditionalonthedeliveryofa specif
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
```
```
Investment income is included where receivable.
```
```
Incomingresourcesfromgrants,whererelatedrelatedtoperformanceandspecificdeliverables, are
accounted for as the charity earns the right to consideration by performance.
```
## **`EXPENDITURE`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
and the amount of the obligation can be measured reliably.
```
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbe directlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```
```
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutory requirements
of the charity and include fees and costs linked to the strategic management of the charity.
```
## **`BASIC FINANCIAL ASSETS`**
```
Basicfinancialassets,whichincludedebtorsandcashandbankbalances,are initiallymeasuredat transaction
priceincludingtransactioncostsandaresubsequentlycarriedatamortisedcostusingtheeffective interest
methodunlessthearrangementconstitutesa financingtransaction,wherethetransactionis measuredat the
presentvalueof the futurereceiptsdiscountedat a marketrateof interest.Financialassetsreceivable 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 2023
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`EXPENDITURE`**
## **`CLASSIFICATION OF FINANCIAL LIABILITIES`**
```
Basicfinancialliabilities,includingcreditorsandbankloansareclassifiedasdebt,areinitiallyrecognised at
transactionpriceunlessthearrangementconstitutesafinancingtransaction,wherethedebtinstrument is
measuredatthepresentvalueofthefuturepaymentsdiscountedatmarketrateofinterest. 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.
```
```
Tradecreditorsareobligationstopayforgoodsorservicesthathavebeenacquiredintheordinarycourse of
businessfrom suppliers.Amountspayableare classifiedas currentliabilitiesif paymentis due withinone year
orless.Ifnot,theyarepresentedasnon-currentliabilities.Tradecreditorsarerecognisedinitially at
transaction price and subsequently measured at amortised cost using the effective interest method.
```
## **`TANGIBLE FIXED ASSETS`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Fixtures and fittings- 25% on cost
```
## **`STOCKS`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete 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.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`HIRE PURCHASE AND LEASING COMMITMENTS`**
```
Rentalspaidunderoperatingleases are chargedto the Statementof FinancialActivitieson a straightline basis
over the period of the lease.
```
## **`PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
```
## **`COMPANY STATUS`**
```
Thecharityis a companylimitedbyguarantee.Themembersof thecompanyarethetrusteesnamedon the
companyinformationpage.In the event of the charitybeing wound up the liabilityin 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 2023`**
## **`2. OTHER TRADING ACTIVITIES`**
|**`2.`**|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|---|
|||**`2023`**|`2022`|
|||**`£`**|`£`|
||`Fundraising events`|**`150`**|`-`|
||`Childcare voucher income`|**`2,447`**|`4,727`|
||`Nursery fees`|**`21,498`**|`22,799`|
|||**`24,095`**|`27,526`|
|**`3.`**|**`INVESTMENT INCOME`**|||
|||**`2023`**|`2022`|
|||**`£`**|`£`|
||`Deposit account interest`|**`22`**|`1`|
|**`4.`**|**`INCOME FROM CHARITABLE ACTIVITIES`**|||
|||**`2023`**|`2022`|
|||`Grants`|`Total`|
|||`receivable`|`activities`|
|||**`£`**|`£`|
||`Grants`|**`73,925`**|**`83,681`**|
||`CJRS grants received`|**`-`**|**`2,851`**|
|||**`73,925`**|**`86,532`**|
||`EEF grants Dudley MBC £73,150 (2022: £75,354)`|||
||`Discretionary grants Dudley MBC £775 (2022: £5,024)`|||
||`EYIC grants Dudley MBC £ Nil (2022 : £3,303)`|||
## **`5. CHARITABLE ACTIVITIES COSTS`**
|`Charitable activities`
`Support costs`|`Direct`
`Costs (see`
`note 6)`
`£`
**`85,570`**
**`-`**
**`85,570`**|`Support`
`costs (see`
`note 7)`
`£`
**`-`**
**`20,178`**
**`20,178`**|`Totals`
`£`
**`85,570`**
**`20,178`**|
|---|---|---|---|
||||**`105,748`**|
```
continued...
```
```
Page 11
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`**
## **`6. DIRECT COSTS OF CHARITABLE ACTIVITIES`**
|**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**|||
|---|---|---|
|`Staff costs`
`Toys and equipment`
`Milk and food expenses`
`Outings expenses`
`Dance expenses`
`Uniform expenses`
`Sports activities`|**`2023`**
**`£`**
**`79,659`**
**`1,994`**
**`880`**
**`436`**
**`1,024`**
**`707`**
**`870`**
**`85,570`**|`2022`
`£`
`95,785`
`3,732`
`-`
`416`
`676`
`325`
`1,140`|
|||`102,074`|
## **`7. SUPPORT COSTS`**
|**`SUPPORT COSTS`**||||||
|---|---|---|---|---|---|
|||||`Governance`||
||`Management`|`Finance`|`Other`|`costs`|`Totals`|
||`£`|`£`|`£`|`£`|`£`|
|`Support costs`|**`6,756`**|**`190`**|**`8,783`**|**`4,449`**|**`20,178`**|
```
Supportcostsarethosecoststhathavebeenincurredbythecharityinordertofurtherthe continued
development of the charity's charitable activities.
```
```
Support costs, included in the above, are as follows:
```
|`Rent`
`Staff training`
`Bank charges`
`Bad debts`
`Insurance`
`Telephone`
`Postage and stationery`
`Sundry expenses`
`Repairs and renewals`
`Depreciation of tangible fixed assets`
`Independent examiner's fee`
`Payroll costs`
`Legal and professional fees`|**`2023`**
`2022`
`Support`
`Total`
`costs`
`activities`
**`£`**
`£`
**`6,396`**
**`6,396`**
**`360`**
**`818`**
**`190`**
**`-`**
**`-`**
**`1,400`**
**`609`**
**`600`**
**`838`**
**`1,065`**
**`1,069`**
**`1,346`**
**`2,817`**
**`2,667`**
**`2,746`**
**`5,006`**
**`704`**
**`1,795`**
**`1,980`**
**`1,895`**
**`1,629`**
**`1,392`**
**`840`**
**`-`**
**`20,178`**
**`24,380`**|**`2023`**
`2022`
`Support`
`Total`
`costs`
`activities`
**`£`**
`£`
**`6,396`**
**`6,396`**
**`360`**
**`818`**
**`190`**
**`-`**
**`-`**
**`1,400`**
**`609`**
**`600`**
**`838`**
**`1,065`**
**`1,069`**
**`1,346`**
**`2,817`**
**`2,667`**
**`2,746`**
**`5,006`**
**`704`**
**`1,795`**
**`1,980`**
**`1,895`**
**`1,629`**
**`1,392`**
**`840`**
**`-`**
**`20,178`**
**`24,380`**|
|---|---|---|
|||**`24,380`**|
```
continued...
```
```
Page 12
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`**
## **`8. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2023`**|`2022`|
|---|---|---|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`704`**|`1,795`|
|`Other operating leases`|**`6,396`**|`6,396`|
## **`9. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year
ended 31 March 2022.
```
## **`TRUSTEES' EXPENSES`**
```
Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended
31 March 2022.
```
## **`10. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`Other pension costs`|**`2023`**
**`£`**
**`78,592`**
**`-`**
**`1,067`**
**`79,659`**|`2022`
`£`
`93,067`
`1,309`
`1,409`|
|---|---|---|
|||`95,785`|
```
The average monthly number of employees during the year was as follows:
```
||**`2023`**|`2022`|
|---|---|---|
|`Management and administration`|**`11`**|`12`|
```
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 2023`**
## **`11. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 April 2022 and 31 March 2023`
**`DEPRECIATION`**
`At 1 April 2022`
`Charge for year`
`At 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`
**`12.`**
**`STOCKS`**
`Uniform stock`
**`13.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other debtors`
`Prepayments and accrued income`|**`2023`**
**`£`**
**`285`**
**`2023`**
**`£`**
**`-`**
**`627`**
**`627`**|`Fixtures`
`and`
`fittings`
`£`
**`12,202`**|`Fixtures`
`and`
`fittings`
`£`
**`12,202`**|
|---|---|---|---|
|||**`10,442`**
**`704`**||
|||**`11,146`**||
||||**`1,056`**|
||||`1,760`|
||||`2022`
`£`
`285`|
||||`2022`
`£`
`3,530`
`-`|
||||`3,530`|
```
continued...
```
```
Page 14
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`**
## **`14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Social security and other taxes`
`Other creditors`
`Accrued expenses`|**`2023`**
**`£`**
**`1,565`**
**`1,554`**
**`2,700`**
**`5,819`**|`2022`
`£`
`2,295`
`238`
`1,860`|
|---|---|---|
|||`4,393`|
## **`15. MOVEMENT IN FUNDS`**
|**`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 1.4.22`
`£`
**`8,614`**
**`8,614`**
`Incoming`
`resources`
`£`
**`98,042`**
**`98,042`**
`At 1.4.21`
`£`
`21,009`
`21,009`|`Net`
`movement`
`At`
`in funds`
`31.3.23`
`£`
`£`
**`(7,706)`**
**`908`**
**`(7,706)`**
**`908`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(105,748)`**
**`(7,706)`**
**`(105,748)`**
**`(7,706)`**
`Net`
`movement`
`At`
`in funds`
`31.3.22`
`£`
`£`
`(12,395)`
`8,614`
`(12,395)`
`8,614`|||
||||**`(7,706)`**||
||||`At`
`31.3.22`
`£`
`8,614`
`8,614`||
|||||`8,614`|
```
continued...
```
```
Page 15
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`**
## **`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`
`£`
`114,059`
`114,059`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(126,454)`
`(12,395)`
`(126,454)`
`(12,395)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(126,454)`
`(12,395)`
`(126,454)`
`(12,395)`|
|---|---|---|---|
||||`(12,395)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.4.21`|`in funds`|`31.3.23`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`21,009`|`(20,101)`|`908`|
|**`TOTAL FUNDS`**|`21,009`|`(20,101)`|`908`|
```
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Purpose of Unrestricted Funds`**
`General fund`|`Incoming`
`resources`
`£`
`212,101`
`212,101`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(232,202)`
`(20,101)`
`(232,202)`
`(20,101)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(232,202)`
`(20,101)`
`(232,202)`
`(20,101)`|
|---|---|---|---|
||||`(20,101)`|
|||||
```
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 2023`**
## **`16. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2023.
```
## **`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 2023`**
|**`INCOME AND ENDOWMENTS`**
**`Other trading activities`**
`Fundraising events`
`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`
**`Finance`**
`Bank charges`
`Carried forward`|`2023`
`£`
**`150`**
**`2,447`**
**`21,498`**
**`24,095`**
**`22`**
**`73,925`**
**`-`**
**`73,925`**
**`98,042`**
**`78,592`**
**`-`**
**`1,067`**
**`1,994`**
**`880`**
**`436`**
**`1,024`**
**`707`**
**`870`**
**`85,570`**
**`6,396`**
**`360`**
**`6,756`**
**`190`**
**`190`**|`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`
`-`
`-`|
```
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 2023`**
|**`Finance`**
`Brought forward`
`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`
`Legal and professional fees`
`Total resources expended`
**`Net expenditure`**|`2023`
`£`
**`190`**
**`-`**
**`190`**
**`609`**
**`838`**
**`1,069`**
**`2,817`**
**`2,746`**
**`704`**
**`8,783`**
**`1,980`**
**`1,629`**
**`840`**
**`4,449`**
**`105,748`**
**`(7,706)`**|`2022`
`£`
`-`
`1,400`
`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)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```