ST JOSEPH’S PRE-SCHOOL
FINANCIAL STATEMENTS FOR 31 AUGUST 2024
Charity Number 1153598
DERBY COMMUNITY ACCOUNTANCY SERVICE
Babington Lodge 128 Green Lane Derby DE1 1RY
ST JOSEPH’S PRE-SCHOOL
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
| Contents | Page |
|---|---|
| Members of the board and professional advisers | 3 |
| Trustees’ annual report | 4-7 |
| Independent Examiner’s Report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11-18 |
ST JOSEPH’S PRE-SCHOOL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
Board of Trustees Mrs Theresa Hall- Chair Mrs Rachel Lewis (Resigned 30 September 2024) Mr Anthony Parkes Mrs Mary Parkes Ms Samantha McKenna ( Appointed 20 October 2024) Chair Person Mrs Theresa Hall Pre-School Manager Mrs Mel Marsden Registered Office St Joseph’s Pre- school Mill Hill Lane Derby DE23 6SB Independent Examiner Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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ST JOSEPH’S PRE-SCHOOL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
The Trustees, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 August 2024.
STRUCTURE , GOVERNANCE AND MANAGEMENT
Governing document
St Joseph’s Pre-school was registered as a charity on 30 August 2013 and its principal address is Mill Hill Lane, Derby, Derbyshire DE23 6SB.
Trustees Selection methods
The recruitment of Trustees is reviewed periodically and at least on an annual basis.
Risk Management
The Trustees undertake a review of the major risks to the financial sustainability of the organisation annually and monitors the risks throughout the year.
OBJECTIVES AND ACTIVITIES
The aims of the preschool are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustees meetings.
The charity is open to all individuals irrespective of race, gender or any other personal circumstances.
ACTIVITIES AND ACHIEVEMENTS
St Joseph’s Preschool has been established for over 30 years and educates, supports and cares for children in and around Derby. We are situated in the grounds of St Joseph’s Catholic Academy on Mill Hill Lane, Derby. We are open Monday to Friday 7.30am to 4.30pm during school term times only. Pre-school is open during school term times only; it is closed for all school holidays, bank holidays and St. Joseph's School Inset Days. It is open for 38 weeks of the year.
We provide childcare and education for 2, 3 and 4 year old children. We can offer 15 and 30 hours Early Years funding and have a flexible, family focused approach to providing childcare. Children can also attend for additional hours over and above their free entitlement and are charged a fee for this provision. Our Admissions Policy gives priority to Catholic children, however, we welcome applications from families of all faiths and none.
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ST JOSEPH’S PRE-SCHOOL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
We are a registered charity (no. 1153598) and are governed by a Board of Trustees who oversee all aspects of our operation. Our latest Ofsted inspection rated us Good in all areas.
From its creation over 30 years ago as a playgroup to its current status as a pre-school, St Joseph’s has always strived to support the development of happy, well motivated and confident children and recognises that each child has unique talents, learning styles and personalities. It is committed to supporting the individual social, emotional and educational needs of the children who attend in a happy, caring and safe environment where they can play, learn and grow.
St Joseph’s Pre-school currently has the capacity to have 28 pre-school children attending its setting at any one time and there are usually approximately 40 children attending the setting over the course of a week.
St Joseph’s Pre-school is guided by the standards set out in the government’s Early Years Foundation Stage Principles and its over arching mission statement is as follows:
“At St.Joseph’s Pre-school we strive to provide a safe, caring, happy environment for all our children. We aim to nurture their individual needs in partnership with family and our community.”
All children are integrated quickly into the ethos of pre-school which is to provide an environment where children can play, learn and grow whilst benefiting from the Christian values and way of life engendered by all those who contribute to the running of Pre-school.
Pre-school is situated in the inner city of Derby and in recent years the demographics of the area have changed. The nature and location of housing in the area have made it popular with families arriving from around the world and the housing which is now ageing has meant that the post codes in the area have a deprivation factor attached to them.
Pre-school settings by their nature are a child’s first introduction into the education system although there is not a statutory obligation for a child to attend.
St Joseph’s Pre-school strives to make that experience a positive one. They are guided principally by the standards set out in the government’s Early Years Foundation Stage Principles but the pre-school has been established for over 30 years and as such it also draws on the experience it has gained as a pre-school provider for this significant period of time.
It endeavours to build strong relationships with both the child and their parent/carer.
It operates a key person system which means that each member of staff has a small group of children for whom they have specific responsibilities. When a child joins the setting they will then have a special adult to help them settle in and who they can relate to.
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ST JOSEPH’S PRE-SCHOOL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
This system also helps to establish good links between the home environment and pre-school and parents are encouraged to maintain regular contact with their child’s key person to discuss progress made and any other issues which may arise.
This is particularly important when a family is new to the area. Over 50% of children attending the setting in the previous two years have had English as an additional language. Quite often Pre-school is the first agency that a family engages with on a regular basis on arrival in the UK. It is crucial that Pre-school make this a positive experience and helps the child and family with signposting to other agencies who can support the families until they are settled.
Another crucial area which Pre-school can provide help is where children have Special Educational Needs (SEN). The highly qualified and experienced staff at Pre-school are able to identify when a child may have development, behavioural or child protection issues. Preschool is often the first place that a child attends outside its family environment and it is often within the pre-school setting that issues are identified. Parents are encouraged to be very involved with their child’s development and any issues are dealt with sensitively and professionally with the positive outcome being that the necessary outside agencies can be contacted to help and provide additional support for the family.
The role of St Joseph’s Pre-school has broadened since its small beginnings as a playgroup 30 years ago. Over the years as the play group became a pre-school and then an approved provider of pre-school education St Joseph’s has opened its doors to a wider range of children from different family settings and backgrounds. The pre-school was inspected by Ofsted in March 2023 and was deemed ‘Good’ in all areas.
Grant Funding
We are very grateful to the Masonic Charitable Foundation who have provided £15,000 grant funding over a 3 year period starting in April 2024 to help us in our commitment to early years education.
Financial Review
Pre-school has always strived to maintain a sound financial base. The surplus for the year of £4,519 was as expected from the ongoing monitoring of actual performance against budget.
Trustee Induction and Training
All trustees have been provided with information packs on their roles and responsibilities, including Good Governance, a code for the Voluntary and Community Sector, and are encouraged to attend appropriate external training events.
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ST JOSEPH’S PRE-SCHOOL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
Organisation
The board of trustees administers the charity. It meets regularly and is supported by staff and volunteers.
INDEPENDENT EXAMINERS
Derby Community Accountancy Services were appointed as independent examiners during the year and have expressed their willingness to continue in office. A resolution to re-appoint them as independent examiners will be put to the members at the annual general meeting.
Registered office: Signed on behalf of the trustees St Joseph’s Pre-school Mill Hill Lane Mrs Teresa Hall Derby DE23 6SB Trustee: Mrs Teresa Hall
Approved by the trustees on 17[th] June 2025
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST JOSEPH’S PRE- SCHOOL
YEAR ENDED 31 AUGUST 2024
I report on the accounts for the period ended 31[st] August 2024 which are set out on pages 9 to 18.
Respective responsibilities of the trustees and examiner
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M E Newey
Mark Newey ACMA Date 17 June 2025 Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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ST JOSEPH’S PRE-SCHOOL COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 AUGUST 2024
| Note Income from: Donations 3 Charitable activities 4 Investment income 5 Total incoming resources Expenditure on: Raising funds Charitable activities Total expenditure 6 Net (expenditure) income Transfer between funds Net movement in funds Fund balances at 1 September 2023 Fund balances at 31 August 2024 |
Unrestricted Funds Restricted Funds Total Funds Year to 31 Aug 2024 Total Funds Year to 31 Aug 2023 £ £ £ £ 22 - 22 87 184,788 12,086 196,874 188,255 957 - 957 350 185,767 12,086 197,853 188,692 - - - - 181,248 12,086 193,334 185,901 181,248 12,086 193,334 185,901 4,519 - 4,519 2,791 - - - - 4,519 - 4,519 2,791 75,379 - 75,379 72,588 79,898 - 79,898 75,379 |
|---|---|
The company had no new or discontinued activities during the year.
The notes on pages 11 to 18 form part of these financial statements.
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ST JOSEPH’S PRE-SCHOOL BALANCE SHEET YEAR ENDED 31 AUGUST 2024
| Note Fixed assets Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets The funds of the charity: Restricted 13 Unrestricted – General reserves 13 TOTAL CHARITY FUNDS 14 |
2024 £ - 124,020 124,020 (44,122) |
£ - 79,898 79,898 79,878 - 79,878 79,878 |
2023 £ - 108,112 108,112 (32,733) |
£ - 75,379 75,379 75,379 - 75,379 75,379 |
|---|---|---|---|---|
These financial statements were approved by the trustees and authorised, and are signed on their behalf by:
Date: 17 June 2025
Trustee: Mrs Teresa Hall Date: 17 June 2025 Mrs Teresa Hall Trustee: Mr Anthony Parkes Date: 17 June 2025 Mr Anthony Parkes
The notes on pages 11 to 18 form part of these financial statements.
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ST JOSEPH’S PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling which is the functional currency of the company Monetary amounts in these financial statements to the nearest £.
The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
1.4 Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
1.5 Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings which aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.
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ST JOSEPH’S PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Creditors and provisions
- Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.9 Financial instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits/
1.11 Taxation
The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
2. Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
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ST JOSEPH’S PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
3. Donations
| Total Funds | Total Funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 | Year to 31 | |
| Funds | Funds | Aug 2024 | Aug 2023 | |
| £ | £ | £ | £ | |
| Donations | 22 | - | 22 | 87 |
| --------------------------------- | ----------------- | --------------------------------- | -------------------------------- | |
| 22 | - | 22 | 87 | |
| ================================ | ================ | ================================ | ================================ |
4. Income from charitable activities
| Total Funds | Total Funds |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 Aug |
Year to 31 Aug | ||
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ |
||
| Early Years Pupil Premium | - | 1,209 | 1,209 | 1,705 | |
| Funded Places | 158,570 | - | 158,570 | 150,501 | |
| SEN Funding | - | 8,300 | 8,300 | 11,166 | |
| DAF Funding | - | 2,577 | 2,577 | 800 | |
| Masonic Foundation | 5,000 | - | 5,000 | ||
| Foundation Derbyshire | - | - | - | 7,073 | |
| Admission Fees | 20,497 | - | 20,497 | 12,185 | |
| School Dinners | 160 | - | 160 | 4,308 | |
| Other charitable income | 561 | - | 561 | 517 | |
| -------------------------------- | ------------------------------------- | ------------------------------------- | -------------------------------- | ||
| 184,788 ================================ |
12,086 ===================================== |
196,874 ===================================== |
188,255 ============================= |
5. Investment income
| Total Funds | Total Funds | |
|---|---|---|
| Year to 31 | Year to 31 | |
| Aug 2024 | Aug 2023 | |
| £ | £ | |
| Bank interest receivable (unrestricted) | 957 |
350 |
| ===================== | ================ |
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NOTES TO THE FINANCIAL STATEMENTS
ST JOSEPH’S PRE-SCHOOL
YEAR ENDED 31 AUGUST 2024
6. Analysis of expenditure
| Staff costs Books Toys & Resources & Activities Groceries & Milk School Dinners Repairs & Maintenance Security Equipment Website Water & Refuse Hygiene Health and Safety Heat & Light Telephone Printing, Postage & Stationery Insurance Advertising Subscriptions & CRB Training Travel Staff Uniforms Audit & Pension Admin Accounting Software Miscellaneous Gifts Entertainment for children |
Total Funds Year to 31 Aug 2024 £ 165,743 4,298 1,174 - 2,113 360 3,759 300 940 1,175 - 4,521 1,025 649 2,770 865 739 1,147 2 32 620 482 - 470 150 193,334 |
Total Funds Year to 31 Aug 2023 £ 151,724 4,014 955 5,552 2,225 374 7,073 300 - 1,243 - 4,569 848 815 2,345 88 830 1,602 3 - 720 284 - 337 - 185,901 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS
ST JOSEPH’S PRE-SCHOOL
YEAR ENDED 31 AUGUST 2024
7. Total Charitable Expenditure
Total Total Funds Funds 2023-24 2022-23 Unrestricted 181,248 165,157 Restricted 12,086 20,744 193,334 185,901
8. Net (expenditure)/income
| Net (expenditure)/income for the year is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent Examiner’s Fees | 500 | 500 |
| =========================== | ================================ |
9. Directors and key management personnel
The key management personnel of the charity consist of the trustees. The trustees did not receive remuneration.
10. Employees
The average monthly number of persons employed (full time equivalent) during the year was
| Year | to 31 | Year to 31 | |
|---|---|---|---|
| Aug | 2024 | Aug 2023 | |
| No | No | ||
| Charitable activities | 8 | 8 | |
| ___ | ___ | ||
| 8 | 8 | ||
| ================ | ================ |
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NOTES TO THE FINANCIAL STATEMENTS
ST JOSEPH’S PRE-SCHOOL
YEAR ENDED 31 AUGUST 2024
Employment costs
| Year to | 31 | Year to 31 | ||
|---|---|---|---|---|
| Aug 2024 | Aug 2023 | |||
| £ | £ | |||
| Wages and salaries | 157,565 | 143,589 | ||
| Employers National Insurance | 3,960 | 3,826 | ||
| Pension Contributions | 4,218 |
4,309 |
||
| 165,743 |
151,724 |
|||
| No employee earned more than £60,000 per annum. | ||||
| 11. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Admission fees | - | - | ||
| Prepayment | - | - | ||
| -------------------------------- | -------------------------------- | |||
| - | - | |||
| ================================ | ================================ | |||
| 12. | Creditors: Amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Funding Received in advance for Autumn 2024 | 30,703 | 30,703 | ||
| Contingency for remedial building repairs | 600 | 600 | ||
| Taxation and social security | 504 | 997 | ||
| Accruals | 1,540 | 433 | ||
| -------------------------------- | -------------------------------- | |||
| 33,347 | 32,733 | |||
| ================================ | ================================ |
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ST JOSEPH’S PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
13. Analysis of charitable funds
Analysis of movements in unrestricted funds
| At | Incoming | Outgoing | Transfers | At | |
|---|---|---|---|---|---|
| 1 Sept | 31 Aug | ||||
| 2023 | 2024 | ||||
| £ | £ | ||||
| General reserve | 75,379 | 185,767 | (181,248) | - | 79,898 |
| ----------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | |
| -- | |||||
| Total unrestricted funds | 75,379 | 185,767 | (181,248) | - | 79,898 |
| Restricted funds | |||||
| Early Years Pupil Premium | - | 1,209 | (1,209) | - | - |
| SEN Funding | - | 8,300 | (8,300) | - | - |
| DAF Funding | - | 2,577 | (2,577) | - | - |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------ | ------------------------------------- | |
| Total Restricted funds | - | 12,086 | (12,086) | - | - |
| Total funds | 75,379 | 197,853 | (193,334) | - | 79,898 |
| ----------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | |
| - |
Early Years Pupil Premium (EYPP) is provided for children who are identified as needing extra support in their education due to a number of factors in their family circumstances. In 2023-24 Pre-school received a total of £1,209 EYPP this funding was used to:
-
Purchase equipment to aid children’s learning.
-
Purchase resources to allow children to develop their awareness of the living world including a project to watch eggs hatch into chickens and experience their first weeks of life.
-
Contribution to school dinner costs for one child to improve life skills.
criteria could benefit from the additional resources and activities.
SEN Funding is provided to support individual children attending pre school who need additional support. This funding is provided after referrals are made to the Early Years Intervention team who undertake an assessment and establish a care plan for the child, working with specialist staff within the setting.
DAF funding to provide additional funding for a child with disabilities who had particular needs within the setting.
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ST JOSEPH’S PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
General reserve
General reserves are the free reserves after allowing for all designated funds.
14. Analysis of net assets between funds
| Tangible | Other | ||
|---|---|---|---|
| fixed assets | net assets | Total | |
| Unrestricted funds | £ | £ | £ |
| Unrestricted Funds | - | 79,898 | 79,898 |
| Restricted funds | - | - | - |
| ______ | _____ | _____ | |
| Total funds | - | 79,898 | 79,898 |
| ==================================== | ============================= | ================================ |
15. Related party transactions
The charity had no related party transactions that required disclosure.
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