2024-08-31-accounts - St Andrews Pre-School Limited

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ST ANDREWS PRE-SCHOOL LIMITED

Charity No. 1153833

Company No. 08513062

Trustees' Report and Unaudited Accounts

31 August 2024

	Pages
Trustees' Annual Report	2 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Summary Income and Expenditure Account	8
Balance Sheet	9
Statement of Cash flows	10
Notes to the Accounts	11 to 18
Detailed Statement of Financial Activities	19 to 20

St Andrews Pre-School Ltd Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 08513062

Charity No. 1153833

Registered Office

St Andrews Hall St Andrews Road Felixstowe Suffolk IP11 7EB

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

A. Bone

M. Smith

G. Carr

A. Davies E. Murphy A. Minter

E. Hollingsworth

K. Smith

Accountants

Account-Wryte Ltd 5 Schneider Business Park Felixstowe Suffolk IP11 3SS

Page 2

St Andrews Pre-School Ltd Trustees Annual Report

OBJECTIVES AND ACTIVITIES

We encourage parents to become involved in the running of the preschool. We welcome all children within the age range regardless of personal circumstances, gender, faith, cultural background and lingual ability.

The preschool employed an average of 10 staff during the year to provide seasonal care from 08:40 to 15:30 Monday to Friday.

St Andrews Pre School is a friendly, parent-managed preschool providing a varied, interesting and informative Early Learning Years education and childcare for children between the ages of two and five years from Felixstowe. By working with our local funders, Suffolk County Council, we seek to ensure that families are not excluded from the opportunity to attend St Andrews Pre School if they face financial or other barriers to attending.

The objectives 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 and by involving parents, by offering appropriate play and care facilities under the guidance of the Early Years Foundations Stage regardless of culture, race, religion, means or ability.

PUBLIC BENEFIT

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The committee runs a thriving calendar of fundraising events some of which are annual events, for example, the Christmas Lunch and Concert, Obstacle Course, Lunches, Cake sale and Annual Outing; many of which are for the benefit of the children and their families to have fun. This year the fundraising generated £4,683 (2023 £5,053) which enabled the preschool to replenish resources.

A significant contribution is made by the committee members (Trustees) who provide management and fundraising service to the preschool.

ACHIEVEMENTS AND PERFORMANCE

St Andrews Pre School has continued to center on early years education through free flow play and investigation. This approach ensures that all children attending our preschool have access to activities in all the following areas: music, craft, cookery, reading, IT, physical and imaginative play.

We provide morning and afternoon sessions from 08:40 to 11:40 and 12:30 to 15:30 with the opportunity for children to stay for lunch.

We have continued our focus on ensuring ongoing training for staff.

FUNDRAISING

We held various lunches and cake sales in the Autumn, Spring and Summer term.

We held various Christmas related fundraising activities.

We held a quiz night and sponsored Obstacle race in June.

We held end of term fundraising activities in July.

We received money from Easy Fundraising in the year.

St Andrews Pre-School Ltd Trustees Annual Report

FINANCIAL REVIEW

The trustees have assessed the significant risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks.

The preschool does not have an investment policy. All funds are held in cash using only mainstream banks.

The principal source of funds for the Charity is income linked to childcare places offered by the preschool. We receive 15 hours and 30 hours Early Years Funding for 3 and 4-year-olds, and 2-year-old Funding.

The Charity hold reserves in excess of three months of operating expenditure. This target of three months' reserves has been chosen because of the time that it can take for us to receive our Early Years Funding and also that numbers fluctuate at different times of the year. At the year-end the Charity held reserves of £55,000 (2024 £32,475).

STRUCTURE, GOVERNANCE AND MANAGEMENT

St Andrews Pre-School Limited is a registered charity and a company limited by guarantee. The organisation is therefore governed by its Memorandum and Articles of Association. The Charity was incorporated on 01 May 2013.

On 1 September 2013, the assets, liabilities and activities of the unincorporated Charity (registered number: 1002783) were transferred into St Andrews Pre-School Limited, a new incorporated charity of the same name (charity number: 1153833, Company number: 08513062) which commenced operation on 1 September 2013. The unincorporated Charity ceased to operate on that date.

Trustees are appointed in accordance with the Constitution and elected by members at the Annual General Meeting.

The preschool is managed by a committee, the members of which are the 'Charity Trustees' and directors of the preschool, which is an educational charity. As charity trustees, they are responsible for complying with legislation applicable to charities which includes the registration, keeping proper accounts and making returns to the Charity Commission as appropriate.

The committee consists of 3 officers, the Chair, Treasurer and Secretary together with parents' representatives and meets approximately every six weeks.

None of these trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding-up.

The methods adopted for the recruitment and appointment of new trustees are carried out in accordance with the Constitution and elected by members at the Annual General Meeting.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006.

The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees, who are also the directors of St Andrews Pre-School Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

St Andrews Pre-School Ltd Trustees Annual Report

Company law requires the trustees to prepare financial statements for each financial year which give a

true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board:

Michelle Smith Trustee

Page 5

ST ANDREWS PRE-SCHOOL LIMITED Independent Examiners Report

Independent Examiner's Report to the trustees of ST ANDREWS PRE-SCHOOL LIMITED

I report to the charity trustees on my examination of the financial statements of ST ANDREWS PRE-SCHOOL LIMITED for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Dawn Johnson FMAAT

Account-Wryte Limited 5 Schneider Business Park Felixstowe Suffolk IP11 3SS 14 May 2025

Page 6

ST ANDREWS PRE-SCHOOL LIMITED

Statement of Financial Activities

for the year ended 31 August 2024

Unrestricted funds 2024 £ 56 197,550 883 2,314	Total funds 2024 £ 56 197,550 883 2,314	Total funds 2023 £ 706 175,318 191 39
200,803 1,766 12,108 180,813	200,803 1,766 12,108 180,813	176,254 2,660 12,642 155,183
194,687 -	194,687 -	170,485 -
6,116 -	6,116 -	5,769 -
6,116	6,116	5,769
6,116 32,475	6,116 32,475	5,769 26,706
38,591	38,591	32,475

Page 7

for the year ended 31 August 2024

ST ANDREWS PRE-SCHOOL LIMITED Summary Income and Expenditure Account

Income Interest and investment income Gross income for the year Expenditure Interest payable Total expenditure for the year Net income before tax for the year Net income for the year	2024 £ 199,920 883 200,803 194,562 125 194,687 6,116 6,116	2023 £ 176,063 191
		176,254
		170,458 27
		170,485
		5,769
		5,769

Page 8

ST ANDREWS PRE-SCHOOL LIMITED

Balance Sheet

at 31 August 2024

at 31 August 2024
Company No. 08513062 Notes 2024 £ Current assets Debtors 12 1,030 Cash at bank and in hand 67,378 68,408 Creditors:Amount falling due within one year 13 (29,817) Net current assets 38,591 Total assets less current liabilities 38,591 Net assets excluding pension asset or liability 38,591 Total net assets 38,591 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 38,591 38,591 Reserves 14 Total funds 38,591	2023 £ 669 52,561
	53,230 (20,755)
	32,475 32,475
	32,475
	32,475
	32,475
	32,475
	32,475

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 14 May 2025

And signed on its behalf by:

M. Smith Trustee 14 May 2025

Page 9

ST ANDREWS PRE-SCHOOL LIMITED Statement of Cash flows

for the year ended 31 August 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other receivables Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances Bank overdrafts	2024 £ 6,116 (3,197) (361) 7,933 10,491 3,197 3,197 - 13,688 52,561 66,249 67,378 (1,129) 66,249	2023 £ 5,769 (230) (669) 20,755
		25,625 230
		230

		-

		25,855
		-
		25,855

		52,561
		-
		52,561

Page 10

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Page 12

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 13

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Investments Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds 2023 £ 706 175,318 191 39 176,254 2,660 12,642 155,183 170,485 5,769 5,769 5,769 26,706 32,475	Total funds 2023 £ 706 175,318 191 39
		176,254 2,660 12,642 155,183
		170,485
		5,769
		5,769
		5,769 26,706
		32,475

4 Income from donations and legacies

5 Income from charitable activities	Unrestricted £ 56 56 Unrestricted £ 197,550 197,550	Total 2024 £ 56 56 Total 2024 £ 197,550 197,550	Total 2023 £ 706
			706
			Total 2023 £ 175,318
			175,318

Page 14

ST ANDREWS PRE-SCHOOL LIMITED

Notes to the Accounts

6 Income from investments

Unrestricted £ 883 883 Unrestricted £ 2,314 2,314	Total 2024 £ 883 883 Total 2024 £ 2,314 2,314	Total 2023 £ 191
		191
		Total 2023 £ 39
		39

Unrestricted £ 1,766 1,766 Unrestricted £ 12,108 12,108	Total 2024 £ 1,766 1,766 Total 2024 £ 12,108 12,108	Total 2023 £ 2,660
		2,660
		Total 2023 £ 12,642
		12,642

Page 15

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

10 Other expenditure

Bank loan and overdraft interest payable Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 11 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 12 Debtors Trade debtors Prepayments and accrued income 13 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other taxes and social security Other creditors Accruals	Unrestricted £ 1,113 1,797 125 156,741 72 13,634 4,649 2,682 180,813 2024 149,041 1,741 2,319 153,101 2024 £ 329 701 1,030 2024 £ 1,129 137 2,279 444 25,828 29,817	Total 2024 £ 1,113 1,797 125 156,741 72 13,634 4,649 2,682 180,813	Total 2023 £ 53 273 27 134,179 86 13,744 4,228 2,593
			155,183
			2023 130,487 675 1,779
			132,941
			2023 £ - 669
			669
			2023 £ - 966 1,578 594 17,617
			20,755

Page 16

ST ANDREWS PRE-SCHOOL LIMITED

Notes to the Accounts

14 Movement in funds

Restricted funds: Unrestricted funds: General funds Total funds 15 Analysis of net assets between funds Net current assets 16 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ 200,803 200,803 At 1 September 2023 £	Resources expended £ (194,687) (194,687) Unrestricted funds £ 38,591 38,591 Cash flows £	At 31 August 2024 £ 38,591
			38,591
			Total £ 38,591
			38,591
			At 31 August 2024 £
	52,561	14,817	67,378
	52,561 52,561	14,817 14,817	67,378
			67,378

17 Commitments *Operating lease commitments* Annual commitments under non-cancellable operating leases 2024 Land and buildings £ Operating leases with expiry date: *Pension commitments* The pension cost charge to the company amounted to:	are as follows: 2024 Other £ 2024 £ 2,319	2023 Land and buildings £	2023 Other £ 2023 £ 1,779

Page 17

ST ANDREWS PRE-SCHOOL LIMITED Notes to the Accounts

18 Related party disclosures Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 18

ST ANDREWS PRE-SCHOOL LIMITED

for the year ended 31 August 2024

Detailed Statement of Financial Activities

Income and endowments from: Donations and legacies Charitable activities Investments Other Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Employer's NIC Pension costs Staff training Staff welfare	Unrestricted funds 2024 £ 56 56 197,550 197,550 883 883 2,314 2,314 200,803 1,766 1,766 1,766 12,108 12,108 12,108 1,113 1,797 125 3,035 149,041 1,741 2,319 698 2,942 156,741	Total funds 2024 £ 56 56 197,550 197,550 883 883 2,314 2,314 200,803 1,766 1,766 1,766 12,108 12,108 12,108 1,113 1,797 125 3,035 149,041 1,741 2,319 698 2,942 156,741	Total funds 2023 £ 706
			706
			175,318
			175,318
			191
			191
			39
			39
			176,254 2,660
			2,660
			2,660 12,642
			12,642
			12,642 53 273 27
			353
			130,487 675 1,779 708 530
			134,179

Motor and travel costs

Page 19

ST ANDREWS PRE-SCHOOL LIMITED Detailed Statement of Financial

Travel and subsistence Premises costs Rent Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Bank charges Software, IT support and related costs Stationery and printing Subscriptions Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Activities	72 72 8,924 1,284 3,426 13,634 288 1,234 1,121 846 1,160 4,649 2,682 2,682 180,813 194,687 - 6,116 6,116 - 6,116 32,475 38,591	72 72 8,924 1,284 3,426 13,634 288 1,234 1,121 846 1,160 4,649 2,682 2,682 180,813 194,687 - 6,116 6,116 - 6,116 32,475 38,591	86
			86
			8,173 1,128 4,443
			13,744
			317 1,478 589 797 1,047
			4,228
			2,593
			2,593

			155,183
			170,485 -
			5,769
			5,769 -
			5,769
			26,706
			32,475

Page 20