REGISTERED COMPANY NUMBER: 07899199 (England and Wales) REGISTERED CHARITY NUMBER: 1147761 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ST. CLARES PRE SCHOOL
ST. CLARES PRE SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trust4es Independont Examinerfs Report Statemgnt of Financial Activilies Balanc8 Sheet Notes to the Flnancial Ststem•nts 7 10 13
ST. CLARES PRE SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees who are also directors of the eharity for the purposes of the Compani8s Act 2006, presènt their report with the financial statement5 of the charity for the year ended 31 Mah 2024. The trustees have adopted the provisions of Acctsunting and Reporting by Charities." Statement of Recommended Practice applscablè to char¢ties preparing their accounts in accordance with the Financial R6POrting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objeetiyes and aims The objects of the charty a to enhan the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the ne&ds of their children through mmunity groups and by., Offering appropriate pLqy. educat)n and care facilitias and training courses, together wrth the right of paTenls lo take responsibil(ty for and to become involved in the aCtnieS of such groups, ensuring thal such groups offer opportunities for all chiklren whatever their e. cuf(ure. religion, means or abilty- Enwuraging the study of tha needs of such children and their families and promoting public interest in and raco9nition of such needs. Instigating and adhering to and furthering the aims and objects of tho Pre-S¢hool Learning Alliance. Publlc bonèfit The trustees confimi that they have referred to the guidance contained in the Charity Commission's general guidance on public benefrt when reviewing the charity's aims and obj8Ctives and In planning future actNiti88. The Iruslees refer lo public benefrt throughout this report. Page 1
ST. CLARES PRE SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities At the start of September 2023 Preh0o1 nlsmbers were lower than anticipated but these have increased steadily over this academic yèar, and w8 end the lemi in March 24 being busy and wrth heakhy numbers and children on our waiting list. The Nursery has continued to grow and has se8n a consist8nt demand for the younger children. This year the Nursery has seen the highest number of children attending since operating as Nursery. The Nursery has had some changès Internal to aid our transition to a Nursery. We have purchased new furniture, divided areas and are graduating to a more natural and neutral feel lo the environment. There have been some adaption5 to the outside areas also and a new gate has been frtted lo aid securty. We continue to identrfy areas for improvement and adaptions to meet the needs of th8 childr8n. We continue to welcome and support children with all different levels of development and care needs. inoluding children wth English as an additional language. We employ 3 staff members for the purpose of 1-.1 Care for children who need a very high lev61 of support which means these plaS are very limited and we often have a warting list for this level of care. We continue to provide carè for a high number of children wrth additional needs and operate with around 350kn of children needing additional support. We continue to lotsk al and develop ways we can increase thi5 each year, either through staff levols, staff training and looking at our environment and developing new ideas and practises. Staff supporting childr8n w(ch specrfic medical and PhYsal needs will and have been trained to enable them to meet these specific needs of the children. Our staffing levels dipped for a short period of lime and because of the difficulties in recruitment for the industry. We have since employed 2 new apprentices 8t level 3 who are on an 18-month apprenticeship. We have been lucky lo have benafrted fr(Mn a qualified and experienced volunteer this y8ar and further supported by a university student, studying childcare on a placement. Stsff training has been a prioTty this year, two have completed the level 3 childcare refresher, all staff have completed the paadialric first aid, Staff completed safeguarding infants, two completed safeguarding for disabled children, two staff completed safe sleep and all staff tompleted laryet setting cours&. Staff personal d&v8lopm&nl continues to be encouraged and supported, and financed where possible. We Gontinue lo strengthen links ythin our lo1 communty. We participated in a local Community 8vent offering a range of activities and give aways on Dur stall to many local families and other businesses Wbthin our communl(y. We performed OUT annual n2tniily for paranls and families. visf(ed our local library for Christmas carol8 and went on the Christmas bus. We have also continued lo build our relationship and axisling links with our local care home visiting more frequently and participating jointly in some of IheiT activities and events. We are frequenuy invited to visit them for a milkshake and a game of skittles or to have fun in their garden wlh th8m. FINANCIAL REVIEW Financial posltlon The pre-school remains in a comfortable financial situation, blrt we will need to monitor this dosely and the impact of the rising liviny wag8, the n8ed for staff to received higher wages so that we can relain our staff and tho general increase to the cost of ulililies and resour$. We have seen a signrficanl increase in the cost of living which has also impacted us in temis of weekty shopping bills, electricity bills and insurance premiums. The committe8 will continue to monitor and r8vi8w our firnCIal posttion as well as reviewing our fees each term. Reseryes policy As of the 31st March 2024 our reserve account hold's £229,257.26 the resèrv8 aecount funds are held for our contingency plan for increased or uneypecled running cost that may impad the business. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ts goveming dwument. a deed of trust. artd eonstilules a limrted company, limrted by guarante&, as dfrfined by the Companies Act 2006. The charitable company was incorporated on 5th January 2012 and is limited by guarantee and regisl8r8d as a eharty. It is Gov8rned by its Memorandum and Articles of AssoCiatn. Page 2
ST. CLARES PRE SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE MANAGEMENT RgErultm•nt and appointment of n•w trustè¢S We inform our parents in the first Instance when we need lo recruii any trustees. Inlerest8d partitrs nead to apply in writing and &tt&nd intsrvlgw from whlch the surte$sful applicant wll b& appoinlgd. In th9 gv6nt of rbo pargnvcaror maklng an applicatton wa wlll adveruse thls post locally and 8ncourage other communmy servlces to apply. successful 9ppficants 11 be Intervlewed an appoinlmgnl wlll be mad8 from one ol the appllcants. The guccessful applInt wlll be 5Ltblectlo a satisfactory &nh8n¢ed DBS chgd(. REFERENCE AND ADmINISTRATp OETAILS Règt8t•r•d Company nuMr 07899199 (England and Walasl Reglstsrod Charlty number 1147761 RegIstsd offl¢* 10 Strouden Court Havanl Harnpshire P09 4JX Trusteos L M Cowlin G Young-Evans S 8ream Mrs L Lofbng Mrs T J Browft Irttign8d 25.6.20231 C Skinn9r Independent Examlner S F Mackie FCA Morris Cro¢ker Chartared Accountants Station Hous& North Slr88t Havanl Harnpshir8 P09 1QU Approvgd by order of the b)ard of trustees on ... , . and 8igned on Its behalf by. g-Ev8 - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. CLARES PRE SCHOOL Independent examiner's report to the trustees of St. Claras Pre School I'the Company'l l port to the charity Iruslees on my examination of the accounts of the Company for the year ended 31 March 2024. Rosponslbillties and basis of report As the charity's trustses of the Company (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordan wrth the requirements of the Companigs Act 20061'lhe 2006 Act,). Hamng satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Ad and are eligible for independent examination, I report in respect of my examination of your charitS accounts as earried out und8r Section 145 of the Charities Act 2011 1.the 2011 AGÉ,). In carrying out my examination I have followed the Directions given by the Charty Commission under Section 14515) {bl of the 2011 Ael. Independ&nt examinerfs statemont Since your charitys gross inrne exceeded £250.000 your examiner must be a Member of a listed body. I can confirm Ihal l am qualified to undertake the examination because l am a member of the Institute of charter Accountants in England and Wales, which is one of the Ilsted PAlles. I have Completed my examination. I confirm that no matters have come to my attention in connoction with the examination gimng me cause to believe.. accounting records were Th)t k8Pt in respect of the Company as requlred by Section 386 of the 20 Act., or the accounts do not accord wth thos8 records., or the accounts do not comply with the accounting requirèments of Sectlon 396 of the 2006 Act other than any requirement that the accounts give a true and fair wew which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in CordanCe with the methods and principles of the Statement ef Recommended Pra¢li¢e for accounting and repong by charities lapplicable lo Charities pr6paring their accounts in accordance wlh the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no cOnm8 and have come across no other matters in connection Trmlh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reaGheil. S F Mackie FCA Morris Crocker Chartorod Accountants station House North Street H8vant Hampshire P09 1QU Date.. P84
ST. CLARES PRE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total fund$ 2023 Total funds Unrestricted Restricted fund funds Ngtes INCOME AND ENDOWMENTS FROM Charltabla adlvltlas Development and edu¢alK)n 413,983 45 414,028 377,519 Investrnent income 3.117 3,117 893 Total 417,100 45 417,145 378,412 EXPENDITURE ON Charitablo actlvlties Development and educatlon 387,467 1,025 388,492 378.701 NET INCOMEIIEXPENDITUREI Transfers between fund$ 29,633 12801 19801 280 28,653 12891 16 Net movement In funds 29,353 1700} 28,653 12891 RECONCILIATION OF FUNDS Total funds brought foNard 427,621 700 428,321 428.610 TOTAL FUNDS CARRIED FORWARD 456.974 458,974 428,321 The notes form part of these financial statements Page 5
ST. CL4RES PRE SCHOOL BALANCE SHEET 31 MARCH 2024 2024 Nolas 2023 FIXED ASSErs Tangiblg assets 11 242.388 248,466 CURRENT AssErs Cash at bank and In hand 246,738 219.852 CREDoRs kniounts falling due wtthln ce year 12 {21.0551 (20,984) NET CURRENT ASSErs 225.683 198.868 TOTAL ASSETS LESS CURRENT LIABILlEs 468.071 447,334 CREDITORS Amounts fallng dua aftw more than ona ytsar 13 {11,0971 {19,013 NET ASSErs 456.974 428,321 FUNDS Unreslrictod funds Restrictod ndS 16 456,974 427,821 7} TOTAL FUNDS 456,974 428,321 Thg charftablfi )mpY is entthd to extmpllon from audlt under S&¢llon 471 of the Companies Act 2006 for tha year 8nd8d 31 March 2024. The members have requir&J th8 comp8nyto obtain an audit of financial statements for the year ended 31 MarGh 2024 in accordanca with Sadlon 476 ofthe Companles Act 2006. The truste8s aeknovAedg& thelr r88pons1lttIèS for {al ensurlng that tFte charit8ble comparry keeps amwnung records thgt ¢omplywifh S8¢tton& 386 and 387 ofthe Crmnpanies Ad 2006 and Ibl preparfng finan¢i3181al8mants which give a true and fair viow of tho stale of affairs of the chartlablè company as ut the end cf each financial year and of Its surplus or d8ffcll for each Ilnancial year In aacordancè with the requirements of Sections 394 and 395 and whlch olheThMsa comply wth the requlrements of th8 Companies A( 2006 relalng to ffnonclal statoments, so far as appllcablo to the ¢haritable company. These natlaj stalEments have bBgll pr8P8red in occordarKe the provision8 appluble to ¢haritablo companies subjectlo the small companies reglmo. The ffinanclal statements weré approved by the Btsord of Tru8t88s and authort88d for 188ue on 31.A. l ............. and wore swned ¢)n Its behalf by. G Young-Evans- Tru8tee The noto$ form p4rt of th8se financial statements Page 6
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of prgparlng the financial statements The financial statements of the Gharitable company. which is a public benefr'l entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Rèporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 'The Financial R8porting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements hav8 been prepared undèr the hlslorical cost convention. The tru$lees consid8r that there are no material uncertainties regarding the charity's ability to continue as a goin9 concem. Income All income is r8cryJnised in the Statement of Financial Activities once the charity has entitlement to the funds, rt is probable that tha ineome will be received and the amount can be measurad raliabty. Income from government and other grants. whether 'capEtal' grants or 'revenue' grants, is recognised when the charity has entrtlemer)t to the funds, any perfom)ance conditions attached lo the grant$ have been m@t, il is probable that the income wll be received and the amount can be measured reliably and is not deferred. Expenditure Liabilities are r8cognised as expenditure a5 soon as fihe is a lègal or constructive obligation ommrtiing the charity lo that expenditure, it is probable that a transfer of economic b8neff(s wll 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 classrfied under headings that aggregate all $1 related lo the category. Where costs cannot be directly attributed to particular headings they have been allocal8d to actilieS on a basis consistent wth the use of resou5. Tangible fixed assets Depreciation is provided al the followng annual rates in order to wrile off each asset over its eslimatsd useful lif8. Long Iah0 Fthjres and frttings 2% on cost 25% on cost IndNidual fixed assets are ¢8pitalised * wst. Taxation The charty is exempt fr¢Jm Gorporation tsx on its charitsblè activfties. Fund aGGounting Unrestricted funds can be used in accordance with the chaiitable obJ'ecliv8s at the discretion of the trustees. Restricted funds can onty be used lor particular restricted purposes wthin the objects of th8 charrty. R8Striclions ans& wh&n sp8cifi8d by th8 donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of 8a¢h fund is includad In the notes lo tha financial statements. Financial instruments The charity onty enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities Ilke trade and other accounts receivable antj payable investments in stocks and shares. The measurement basis usèd for these instruments is detai18d below. Debtors and cash at bank Page 7 continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES- ¢ontinuod Financial instwmonts Trade and other dèbtors are recognised al the setttement amount due after any tradè diseount offered. Prepayments are valued al the amount prep8id net of any tr&9 discounts due. Cash at bank and in hand included cash held on deposfi or in a current account. Crodltors and provlslon5 Creditors and provisions are recegnised where the charity has a present obligation resu5ting from a past event that will probabty sum in the transfer of funds to a third party and the amount due to selt the obligation can be measured or estimated ieliably. Creditors and prolS1on$ are nomially recognised at their settlement amounl after allowing for any Irade discounts du8. INVESTMENT INCOME 2024 2023 D8POSft account interest 3,117 893 All investment income is derivèd from assets held in the United Kingdom. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Actwity Development and education Development and educ*ion Parentsl funding Grants 109.349 304,679 71,830 305.689 414,028 377,519 Grants received, includ8d bi the above, are as follow8.' 2024 2023 Hampshir8 County Council 304,679 305,689 CHARITABLE ACTIVITIES COSTS Dired Costs (s88 note 51 Support costs {see note 6) Totals Devebpment and education 363,373 25,119 388,492 Page 8 continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Rent, ratès and watèr Insurance Light and h8at Telephone and intemet Postage and stationery Advertising Sundries and pre school supplies Children's play 8quiprnent and craft materia15 Subscriptions Interest payable and similar charges 296,458 27,473 3.112 4,387 280,683 26,623 2,842 3,871 1,550 477 363 680 20.063 6.312 3.262 802 26,884 8,830 732 796 363.373 353,088 SUPPORT COSTS Govarnance costs Management Totals Development and educatson 20.336 4,783 25,119 Support costs, included in the above, are as fdltrws.. Manau8mont 2024 Development and education 2023 Total activ(ties Wages Bank charges Payroll Depreciation 12,038 605 1,615 6.078 11,031 574 1,510 6,078 20.336 19,193 Govemance costs 2024 Development and education 2023 Total activities Legal and professional fees Accountancy fees 2,749 2,034 4,H9 1,971 4,783 6,420 Page g continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEIIEXPENDITUREI Net incomellexpendilurel is staled after chargingl(credi(ingl". 2024 2023 Depreciation - owned assets Indep8nd8nl 8xaminerfs fee 6,078 1,690 6,078 1.608 TRUSTEES, REMUNERATION AND BENEFITS During the year Gail Young-Evans, who became a trustee wth effect from 5 January 2012, received a salary lolalling £25,933 12023." £24.4241 for her role as the Pre School Manager.The Articles of the Chariiy allow thi5 at section 6. Apart from the above, there was no trustee's remuneration or other Ixnerrt8 for the year ended 31 March 2024 nor for the yeaT ended 31 March 2023. Truste68' expenses During the yèar no truslees12023'. None) were reimbursed out of pkat 8xpenses. STAFF COSTS Thè average monthty number of employees during the year was as follows.. 2024 23 2023 23 Charitable actNities No ernployees re1Ve emdumenls in excess of £60.000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charltable activltles Development and education 375,539 1.980 377,519 Investment income 893 893 Total 378,432 1,980 378.412 EXPENDITURE ON Charltable actlvltles Development and education 377,421 1.280 378,701 NET INCOMEIIEXPENDITUREI {989) 700 12891 RECONCIUATION OF FUNDS Total funds brought forward 428,610 428,610 TOTAL FUNDS CARRIED FORWARD 427,621 700 428,321 Page 10 continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS FE<tures and fittings Long leasèhokj Totsls COST At 1 ri12023 and 31 March 2024 280,771 15,517 296,288 DEPRECIATION Al 1 April 2023 Charge for year 33,693 5,615 14,129 463 47,822 6,078 Al 31 March 2024 39,308 14,592 53.900 NET BOOK VALUE Al 31 hdarch 2024 241,463 925 242,388 Al 31 March 2023 247,078 1,388 248,466 12. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 141 Accruals and d8f8rred incom8 8,519 12,536 8,519 12,465 21,055 20,984 13. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 14} 11,097 19,013 14. LOANS An analysls of the maturky of loans is gwen b81t)W'. 2024 2023 Amounts falling due within one year on demand.. Bank loans 8,519 8,519 Amounts faling beknen one and two y8ars.' Bank loans - 1-2 years 8,519 8,519 Amounts falling due been and five years.. Bank loans- 2-5 years 2,578 10,494 Pago11 continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2Q23 Total funds Unre5tricled Restricted fund funds Fixed assets Current assets Current liabilities Long temi liabilities 242,388 246,738 121,0551 111,0971 242,388 246,738 {21.0551 {11,0971 248.466 219,852 120,9841 119.0131 456,974 456,974 426,321 16. MOVEMENT IN FUNDS Net movement in fund8 Transfers between funds At 31.3.24 At 1.4.23 Unrestrlctgd fund$ General fund 427.621 29,633 {280) 456,974 R•stricted funds HCC- Funding for struggling families 700 19801 280 TOTAL FUNDS 428,321 28,653 456.974 Net movement in lunds, induded in the ab¢)ve are as fdlows.. Incomin9 resources Resources expanded Movemént in furKJs Unrestricted funds Gen8Tal fund 417,100 1387,4671 29,633 Rèstricted funds HCC- Funding for struggling families 45 11,025) 1980) TOTAL FUNDS 417.145 (388.4921 28,653 Comparatlves for movement In funds Net movemènt in funds At 31.3.23 At 1.4.22 Unrestricted lunds General fund 428,610 (9891 427.621 R6stri¢ted funds HGC- Funding for struggling fnitIeS 700 700 TOTAL FUNL)S 428,efjo 1289) 428,321 Page 12 continued...
ST. CLARES PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS- Continu Comparative net movement in funds, included in the above are a8 follows.. Incoming resources Resources expended Movement in funds Unrestrfcted fvnds General fund 376,432 {377,421} (9891 Restrlcted fund5 HCC- Funding for struggling families 1,980 11,2801 700 TOTAL FUNDS 378,412 1378,7011 12891 HCC Funding for Struggling Families - represents monies receNed to allow the School to provide specific support to families who may be struggling with costs. 17. RELATED PARTY DISCLOSURES There were no related party Iransaclions for the year ended 31 March 2024. 18. ULTIMATE CONTROLLING PARTY The charitable company is not under the control of anothar entity or any one indiwdual. Page 13