```
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 2024`**
## **`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 2024
```
|||**`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 2024`**
|**`TRUSTEES`**|`Ms K Jones (appointed 1.6.23)`|
|---|---|
||`Mrs M H Riley`|
||`Mrs S L Hodson (resigned 4.10.24)`|
||`Mrs H L Forbes (resigned 1.6.23)`|
||`Mrs G L Albanese`|
||`Ms R M Bignell (appointed 1.9.23)`|
||`Ms E M Lodge-Knowles (appointed 1.9.23)`|
||`Miss N Parveen (appointed 7.10.24)`|
|**`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`|
```
Page 1
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
```
## **`MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
```
TrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended31March2024.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
## `Purposes and aims`
```
LittleSaintsPreschoolStourbridgeManagementCommitteeLtd'sprincipalactivityistheprovisionofpre-school nursery
services.
```
## `Ensuring our work delivers our aims`
```
We reviewouraims,objectivesandactivitieseachyear.Thisreviewlooksat whatwe achievedandtheoutcomesof our
workin the previous12 months.The reviewlooksat the successof eachkey activityandthe benefitstheyhave brought
to those groupsof peoplewe are set up to help.The review also helps us to ensure that our aim, objectivesand activities
remained focused on our stated purposes.
```
```
WehavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewingouraimsandobjectivesandinplanningourfutureactivities.Inparticular,thetrusteesconsiderhow 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.
```
```
Ourmainactivitiesandwhowetrytohelparedescribedbelow.Allofourcharitableactivitiesfocusonourability to
enhance, develop and educate children primarily under statutory school age.
```
```
Duringthe year ended 31 March 2024 Little Saints PreschoolStourbridgeManagementCommittee Ltd has been successful
inencouragingparentstounderstandandprovidefortheneedsof theirchildrenthroughthevariouspre-school nursery
services provided.
```
```
Amongtheseservicesaretheprovisionofcommunitygroupsandtheprovisionofappropriateplay,educationand care
facilitiesandtrainingcoursesandparentshavebeenencouragedtobecomeinvolvedintheactivitiesofthe groups
provided by Little Saints Preschool Stourbridge Management Committee Ltd during the year.
```
```
Asaresult,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 2024`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
It is thepolicyofthetrusteestomaintaina levelof reservessufficienttoensurethecontinuedoperationof the charity's
activities.
```
## **`Financial review`**
```
TheStatementofFinancialActivitiesfortheyearended31March2024showsincomingresourcesof£108,682 (2023:
£98,042) and resources expended of £100,256 (2023: £105,748) , resulting in a surplus of £8,425 (2023 deficit of £7,706).
```
```
ThereservesareprimarilytocoverthedevelopmentandfutureoperationalexpensesofLittleSaints Preschool
Stourbridge Management Committee Ltd.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
LittleSaintsPreschoolStourbridgeManagementCommitteeLtdisacompanylimitedbyguarantee(registered company
number07490493)whichwasincorporatedon12January2011andachievedcharitablestatuson29May 2012
(registered charity number 1147493).
```
```
ThecompanywasestablishedunderaMemorandumofAssociationwhichestablishedtheobjectsandpowersof the
charitable company and is governed under its Articles of Association.
```
```
As pera resolutiondated7 March2012thecompany'smemberspasseda resolutiontoadopttheArticlesof Association
foracharitablecompanywhichwasforwardedtoCompaniesHouseandanapplicationwasmadetothe 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 applyingto the
company in the form required by the trustees and after being approved by the board of trustees.
```
```
All trusteesgive theirtime voluntarilyandreceiveno benefitsfromthe charity.Anyexpensesreclaimedfromthe 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.
```
```
Aschemeofdelegationisinplaceanddaytodayresponsibilityfortheprovisionofthecharity'sservicesrestwith a
playroomleader.The playroomleaderis responsiblefor ensuringthatthe charitydeliversthe servicesspecifiedand that
keyperformanceindicatorsaremet.Theplayroomleaderalsohasresponsibilityforthedaytoday operational
managementof the charity,individualsupervisionof the staff team andensuringthatthe team continueto develop their
skills and working practices in line with good practice.
```
```
Page 3
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
```
## **`MANAGEMENT COMMITTEE LTD (REGISTERED NUMBER: 07490493)`**
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 MARCH 2024`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Induction and training of new trustees`**
```
New trusteesundergoan orientationday to briefthem on legalobligationsundercharitylaw, the contentof the charity's
constitution,thecommitteeanddecision-makingprocessesandtherecentfinancialperformanceofthecharity. During
theinductiondaytheymeetkeyemployeesandothertrustees.Trusteesareencouragedtoattendappropriate external
training events where these will facilitate the understanding of their role.
```
## **`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 ............................................. 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 2024.
```
## **`Responsibilities and basis of report`**
```
As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed 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)).`
```
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention 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 2024`**
|**`2024`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`4`
`Grants receivable`
**`82,856`**
`Other trading activities`
`2`
**`25,749`**
`Investment income`
`3`
**`77`**
**`Total`**
**`108,682`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Charitable activities`
**`83,246`**
`Support costs`
**`17,011`**
**`Total`**
**`100,257`**
**`NET INCOME/(EXPENDITURE)`**
**`8,425`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`908`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`9,333`**|`2023`
`Total`
`funds`
`£`
`73,925`
`24,096`
`22`
`98,043`
`85,571`
`20,178`
`105,749`
`(7,706)`
`8,614`
`908`|
|---|---|
## **`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 2024`**
|**`2024`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`11`
**`353`**
**`CURRENT ASSETS`**
`Stocks`
`12`
**`256`**
`Debtors`
`13`
**`-`**
`Cash at bank`
**`12,195`**
**`12,451`**
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`(3,471)`**
**`NET CURRENT ASSETS`**
**`8,980`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`9,333`**
**`NET ASSETS`**
**`9,333`**
**`FUNDS`**
`15`
`Unrestricted funds`
**`9,333`**
**`TOTAL FUNDS`**
**`9,333`**|`2023`
`Total`
`funds`
`£`
`1,056`
`285`
`627`
`4,759`|
|---|---|
||`5,671`
`(5,819)`|
||`(148)`|
||`908`|
||`908`|
||`908`|
||`908`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2024 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 2024`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon .............................................
and were signed on its behalf by:
```
```
.............................................
Ms R M Bignell - 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 2024
```
## **`1. ACCOUNTING POLICIES`**
## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`INCOME`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
```
```
Voluntaryincomereceivedbywayofgrants,donationsandgiftsisincludedinfullintheStatementof Financial
Activitieswhen receivable.Grants, where entitlementis not conditionalon 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.
```
```
Incomingresourcesfrom grants,where relatedrelatedto performanceand specificdeliverables,are accounted for
as the charity earns the right to consideration by performance.
```
## **`EXPENDITURE`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amount of the obligation can be measured reliably.
```
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedto the category.Where costs cannotbe directlyattributedto particularheadingsthey have been allocated
to activities on a basis consistent with the use of resources.
```
```
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirements of
the charity and include fees and costs linked to the strategic management of the charity.
```
## **`BASIC FINANCIAL ASSETS`**
```
Basicfinancialassets,whichincludedebtorsandcashandbankbalances,areinitiallymeasuredat transaction
priceincludingtransactioncostsandaresubsequentlycarriedatamortisedcostusingtheeffective interest
methodunlessthearrangementconstitutesafinancingtransaction,wherethetransactionismeasuredat the
presentvalue of the futurereceiptsdiscountedat a marketrate of interest.Financialassets receivablewithin 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 2024
```
## **`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
businessfromsuppliers.Amountspayableareclassifiedas currentliabilitiesif paymentis duewithinoneyear or
less.Ifnot,theyarepresentedasnon-currentliabilities.Tradecreditorsarerecognisedinitiallyat 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`**
```
Stocksarevaluedat thelowerof costandnetrealisablevalue,aftermakingdueallowanceforobsoleteand 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`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
```
## **`PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS`**
```
The charitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayableto the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
```
continued...
```
```
Page 10
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`COMPANY STATUS`**
```
Thecharityisacompanylimitedbyguarantee.Themembersofthecompanyarethetrusteesnamedon the
companyinformationpage.In the eventof the charitybeingwoundup the liabilityin respectof the guarantee is
limited to £10 per member of the charity.
```
## **`2. OTHER TRADING ACTIVITIES`**
|**`2.`**|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|---|
|||**`2024`**|`2023`|
|||**`£`**|`£`|
||`Fundraising events`|**`412`**|`150`|
||`Childcare voucher income`|**`1,217`**|`2,447`|
||`Nursery fees`|**`24,120`**|`21,499`|
|||**`25,749`**|`24,096`|
|**`3.`**|**`INVESTMENT INCOME`**|||
|||**`2024`**|`2023`|
|||**`£`**|`£`|
||`Deposit account interest`|**`77`**|`22`|
|**`4.`**|**`INCOME FROM CHARITABLE ACTIVITIES`**|||
|||**`2024`**|`2023`|
|||`Grants`|`Total`|
|||`receivable`|`activities`|
|||**`£`**|`£`|
||`Grants`|**`82,856`**|**`73,925`**|
```
EEF grants Dudley MBC £79,129 (2023: £73,150)
Discretionary grants Dudley MBC £nil (2023: £775)
Supplementary uplifts Dudley MBC £3,727 (2023: £nil)
```
```
continued...
```
```
Page 11
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
```
## **`MANAGEMENT COMMITTEE LTD`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`5. CHARITABLE ACTIVITIES COSTS`**
|`Charitable activities`
`Support costs`
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
`Staff costs`
`Toys, equipment and food`
`Outings expenses`
`Dance expenses`
`Uniform expenses`
`Sports activities`
**`SUPPORT COSTS`**
`Management`
`Finance`
`£`
`£`
`Support costs`
**`7,238`**
**`207`**|`Direct`
`Support`
`Costs (see`
`costs (see`
`note 6)`
`note 7)`
`£`
`£`
**`83,246`**
**`-`**
**`29`**
**`16,982`**
**`83,275`**
**`16,982`**
**`2024`**
**`£`**
**`78,520`**
**`2,883`**
**`290`**
**`983`**
**`29`**
**`570`**
**`83,275`**
`Governance`
`Other`
`costs`
`£`
`£`
**`5,984`**
**`3,553`**|`Totals`
`£`
**`83,246`**
**`17,011`**|`Totals`
`£`
**`83,246`**
**`17,011`**|
|---|---|---|---|
|||**`100,257`**||
||||`2023`
`£`
`79,659`
`2,875`
`436`
`1,024`
`707`
`870`|
||||`85,571`|
||||`Totals`
`£`
**`16,982`**|
## **`6. DIRECT COSTS OF CHARITABLE ACTIVITIES`**
## **`7. SUPPORT COSTS`**
```
Supportcostsarethosecoststhathavebeenincurredbythecharityinordertofurtherthe continued
development of the charity's charitable activities.
```
```
continued...
```
```
Page 12
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
```
## **`MANAGEMENT COMMITTEE LTD`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`7. SUPPORT COSTS - continued`**
```
Support costs, included in the above, are as follows:
```
|`Rent`
`Staff training`
`Bank charges`
`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`
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`
`Other operating leases`|**`2024`**
`2023`
`Support`
`Total`
`costs`
`activities`
**`£`**
`£`
**`6,396`**
**`6,396`**
**`842`**
**`360`**
**`207`**
**`190`**
**`627`**
**`609`**
**`691`**
**`838`**
**`1,380`**
**`1,069`**
**`1,509`**
**`2,817`**
**`1,075`**
**`2,746`**
**`702`**
**`704`**
**`1,890`**
**`1,980`**
**`1,663`**
**`1,629`**
**`-`**
**`840`**
**`16,982`**
**`20,178`**
**`2024`**
`2023`
**`£`**
`£`
**`703`**
`704`
**`6,396`**
`6,396`|**`2024`**
`2023`
`Support`
`Total`
`costs`
`activities`
**`£`**
`£`
**`6,396`**
**`6,396`**
**`842`**
**`360`**
**`207`**
**`190`**
**`627`**
**`609`**
**`691`**
**`838`**
**`1,380`**
**`1,069`**
**`1,509`**
**`2,817`**
**`1,075`**
**`2,746`**
**`702`**
**`704`**
**`1,890`**
**`1,980`**
**`1,663`**
**`1,629`**
**`-`**
**`840`**
**`16,982`**
**`20,178`**
**`2024`**
`2023`
**`£`**
`£`
**`703`**
`704`
**`6,396`**
`6,396`|
|---|---|---|
|||**`20,178`**|
|||`2023`
`£`
`704`
`6,396`|
## **`8. NET INCOME/(EXPENDITURE)`**
## **`9. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor otherbenefitsfor the year ended31 March2024 nor for the year ended
31 March 2023.
```
## **`TRUSTEES' EXPENSES`**
```
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
```
```
continued...
```
```
Page 13
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
|**`10.`**
**`STAFF COSTS`**
`Wages and salaries`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Management and administration`
`No employees received emoluments in excess of £60,000.`
**`11.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2023 and 31 March 2024`
**`DEPRECIATION`**
`At 1 April 2023`
`Charge for year`
`At 31 March 2024`
**`NET BOOK VALUE`**
`At 31 March 2024`
`At 31 March 2023`|**`2024`**
**`£`**
**`77,454`**
**`1,066`**
**`78,520`**
**`2024`**
**`12`**|`2023`
`£`
`78,592`
`1,067`|
|---|---|---|
|||`79,659`|
|||`2023`
`11`
`Fixtures`
`and`
`fittings`
`£`
**`12,202`**|
|||**`11,146`**
**`703`**|
|||**`11,849`**|
|||**`353`**|
|||`1,056`|
```
continued...
```
```
Page 14
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
|**`12.`**
**`STOCKS`**
`Uniform stock`
**`13.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Prepayments and accrued income`
**`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`**|**`2024`**
`2023`
**`£`**
`£`
**`256`**
`285`
**`2024`**
`2023`
**`£`**
`£`
**`-`**
`627`
**`2024`**
`2023`
**`£`**
`£`
**`1,521`**
`1,565`
**`-`**
`1,554`
**`1,950`**
`2,700`
**`3,471`**
`5,819`
`Net`
`movement`
`At`
`At 1.4.23`
`in funds`
`31.3.24`
`£`
`£`
`£`
**`908`**
**`8,425`**
**`9,333`**
**`908`**
**`8,425`**
**`9,333`**
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`108,682`**
**`(100,257)`**
**`8,425`**
**`108,682`**
**`(100,257)`**
**`8,425`**|
|---|---|
```
continued...
```
```
Page 15
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`15. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
||||`Net`||
|---|---|---|---|---|
||||`movement`|`At`|
|`At`||`1.4.22`|`in funds`|`31.3.23`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`8,614`|`(7,706)`|`908`|
|**`TOTAL FUNDS`**||`8,614`|`(7,706)`|`908`|
|`Comparative net movement in funds, included in the above are as follows:`|||||
|`Incoming`|||`Resources`|`Movement`|
|`resources`|||`expended`|`in funds`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`98,043`||`(105,749)`|`(7,706)`|
|**`TOTAL FUNDS`**|`98,043`||`(105,749)`|`(7,706)`|
|`A current year 12 months and prior year 12 months combined position is as follows:`|||||
||||`Net`||
||||`movement`|`At`|
|`At`||`1.4.22`|`in funds`|`31.3.24`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`8,614`|`719`|`9,333`|
|**`TOTAL FUNDS`**||`8,614`|`719`|`9,333`|
```
continued...
```
```
Page 16
```
```
LITTLE SAINTS PRESCHOOL STOURBRIDGE
MANAGEMENT COMMITTEE LTD
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`15. MOVEMENT IN FUNDS - continued`**
```
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove are
as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`206,725`
`206,725`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(206,006)`
`719`
`(206,006)`
`719`|
|---|---|---|
## **`Purpose of Unrestricted Funds`**
## `General fund`
```
This fund represents the free funds of the charity that are not designated for particular purposes.
```
## **`16. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2024.
```
## **`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 2024`**
|**`INCOME AND ENDOWMENTS`**
**`Other trading activities`**
`Fundraising events`
`Childcare voucher income`
`Nursery fees`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Wages`
`Pensions`
`Toys, equipment and food`
`Outings expenses`
`Dance expenses`
`Uniform expenses`
`Sports activities`
**`Support costs`**
**`Management`**
`Rent`
`Staff training`
**`Finance`**
`Bank charges`|`2024`
`£`
**`412`**
**`1,217`**
**`24,120`**
**`25,749`**
**`77`**
**`82,856`**
**`108,682`**
**`77,454`**
**`1,066`**
**`2,883`**
**`290`**
**`983`**
**`29`**
**`570`**
**`83,275`**
**`6,396`**
**`842`**
**`7,238`**
**`207`**|`2023`
`£`
`150`
`2,447`
`21,499`|
|---|---|---|
|||`24,096`
`22`
`73,925`|
|||`98,043`
`78,592`
`1,067`
`2,875`
`436`
`1,024`
`707`
`870`|
|||`85,571`
`6,396`
`360`|
|||`6,756`
`190`|
```
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 2024`**
|**`Finance`**
**`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 income/(expenditure)`**|`2024`
`£`
**`627`**
**`691`**
**`1,380`**
**`1,509`**
**`1,075`**
**`702`**
**`5,984`**
**`1,890`**
**`1,663`**
**`-`**
**`3,553`**
**`100,257`**
**`8,425`**|`2023`
`£`
`609`
`838`
`1,069`
`2,817`
`2,746`
`704`
`8,783`
`1,980`
`1,629`
`840`
`4,449`
`105,749`
`(7,706)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```