Plympton St Maurice Childcare Centre
Trustees' report and financial statements
for the year ended 31 March 2023
Charity number: 1153962
Plympton St Maurice Childcare Centre
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 |
| Independent examiners' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
Plympton St Maurice Childcare Centre
Legal and administrative information
| Charity number | 1153962 |
|---|---|
| Business address | Plympton Hill |
| Plympton St Maurice | |
| Plymouth | |
| PL7 1UB | |
| Trustees | Gemma Medicott (Chair - appointed 6thJuly 2021) |
| Sarah Bean | |
| Becky Hart | |
| Neil Penhallurick | |
| Helen Adkins | |
| Gemma Campbell | |
| Heidi Warren | |
| Accountants | Best Accountancy Services (Plymouth) Ltd |
| 12 Colebrook Road | |
| Plymouth | |
| Devon | |
| PL7 4AA | |
| Bankers | Lloyds Bank plc |
| 37 Ridgeway | |
| Plympton | |
| Devon | |
| PL7 2AP |
Page 1
Plympton St Maurice Childcare Centre
Report of the Trustees
For the year ended 31 March 2023
The trustees present their report and the financial statements for the year ended 31 March 2023. The trustees, who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Plympton St Maurice Childcare Centre is a registered charity, number 1153962. The charity was established on 26 September 2013 to provide quality, affordable childcare for children aged 3 months to 11 years, in a deprived pocket of the local community. The charity’s policy and general management of the Charity is directed by the management committee. The committee meet not less than four times a year. No remuneration is payable to officers of the charity. During the year in question the Charity continued to operate the pre-school with the wrap-around care facilities of a breakfast club, tea-time club, holiday play schemes and a baby unit. There have been no changes to policies since the previous year.
Objectives and activities
To enhance the development and education of children from the ages of 3 months and up to and including 11 years old in Plympton by offering appropriate play, educational and care facilities for children whatever their race, culture, religion, means or ability, in particular but not exclusively by:
- (i) Providing out of school clubs and holiday clubs for children up to the age of 11 years; and (ii) Providing a pre-school and nursery service
Statement of trustees' responsibilities
The trustees of Plympton St Maurice Childcare Centre are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures
-
disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
.................................
Gemma Medicott
Trustee
Page 2
Plympton St Maurice Childcare Centre
Independent examiner's report to the trustees on the unaudited financial statements of Plympton St Maurice Childcare Centre.
We report on the accounts of Plympton St Maurice Childcare Centre for the year ended 31 March 2023 set out on pages 2 to 10.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibility to:
-
examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission under
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section 145(5)(b) of the 2011 Act and
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to state whether particular matters have come to our attention
Basis of independent examiner's statement
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives us reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (ii) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Mr John Best On behalf of Best Accountancy Services (Plymouth) Ltd Licensed and regulated by the Association of Accounting Technicians Independent examiner
Page 3
Plympton St Maurice Childcare Centre
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 March 2023
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 417,681 Investment income 3 90 Furlough grants - _ Total incoming resources 417,771 _ Resources expended Food and drink 6,924 Educational sessions 3,031 Staff costs 4 405,580 Nursing costs 1,795 Premises cost 38,093 Accountancy fees 4,205 Legal and professional fees - Telephone and IT 2,666 Office expenses 4,433 Depreciation 1,400 Corporate clothing 404 Toys and equipment 7,452 General equipment 2,945 Equipment hire 972 Cleaning and waste disposal 5,872 Subscriptions and memberships 889 Training costs 1,060 Staff welfare - Bank charges 114 _ Total resources expended 487,835 _ Net (outgoing)/incoming/ resources for the year (70,064) Total funds brought forward 173,157 _ Total funds carried forward 103,093 _ |
2023 Total £ 417,681 90 - _ 417,771 _ 6,924 3,031 405,580 1,795 38,093 4,205 - 2,666 4,433 1,400 404 7,452 2,945 972 5,872 889 1,060 - 114 _ 486,616 _ (70,064) 173,157 _ 103,093 _ |
2022 Total £ 379,000 3 1,521 _ 380,524 _ 5,405 1,740 340,839 444 22,152 4,886 382 2,472 5,082 3,011 1,270 8,290 1,978 598 8,647 1,078 1,035 1,205 98 _ 410,612 _ (30,088) 203,245 _ 173,157 _ |
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All the above amounts relate to continuing activities.
The notes on pages 6 to 10 form an integral part of these financial statements.
Page 4
Plympton St Maurice Childcare Centre
Statement of financial activities (incorporating the income and expenditure account) Balance sheet
as at 31 March 2023
| Notes Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Net assets Funds 9 Unrestricted general funds Total funds |
2023 £ £ 16,583 3,212 89,823 _ 93,035 (6,525) _ 86,510 _ 103,093 _ 103,093 _ 103,093 _ |
2022 £ £ 17,467 2,957 158,865 _ 161,822 (6,132) _ 155,690 _ 173,157 _ 173,157 _ 173,157 _ |
2022 £ £ 17,467 2,957 158,865 _ 161,822 (6,132) _ 155,690 _ 173,157 _ 173,157 _ 173,157 _ |
|---|---|---|---|
| 173,157 _ |
|||
| 173,157 _ |
|||
| 173,157 _ |
The financial statements were approved by the trustees on 18 September 2023 and signed on its behalf by
.................................
Gemma Medicott
Trustee
Page 5
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
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)).
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is received.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 6
Notes to the financial statements for the year ended 31 March 2023
Plympton St Maurice Childcare Centre
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
| Leasehold properties | - | No depreciation charged |
|---|---|---|
| School equipment | - | 20% straight line |
| Fixtures, fittings and equipment - | 20% straight line |
1.5. Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
2. Voluntary income
| Income Fees Vouchers (Government) Baby Room Toddler and Pre-School Extended School Grants receivable Donations |
2023 Total £ 17,854 163,516 63,709 87,963 79,139 5,500 - _ 417,681 _ |
2022 Total £ 98,405 99,100 34,870 98,845 44,980 2,800 - _ |
|---|---|---|
| 379,000 _ |
Page 7
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2023
3. Investment income
| Bank interest receivable 4. Employees Employment costs Wages and salaries Social security costs Pension costs |
2023 Total £ 90 _ 90 _ 2023 £ 381,472 18,601 5,507 _ 405,580 _ |
2022 Total £ 3 _ 3 _ 2022 £ 323,616 13,157 4,066 _ 340,839 _ |
|---|---|---|
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full-time equivalents, was as follows:
| 2023 Number 24 _ |
2022 Number 30 _ |
|---|---|
Page 8
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2023
5. Pension costs
The company operates a defined contribution pension scheme in respect of the employee. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows.
| 2023 £ Pension charge 5,507 _ Long Fixtures, 6. Tangible fixed assets leasehold Plant and fittings and property machinery equipment £ £ £ Cost At 1 April 2022 15,000 16,377 13,286 Additions - - 516 Disposals - - - _ _ _ At 31 March 2023 15,000 16,377 13,802 _ _ _ Depreciation At 1 April 2022 - 14,565 12,631 Charge for the year - 1,049 351 Disposals - - - _ _ _ At 31 March 2023 - 15,614 12,982 _ _ _ Net book values At 31 March 2023 15,000 763 820 _ _ _ At 31 March 2022 15,000 1,812 655 _ _ _ |
_ | 2022 £ 4,066 _ |
|---|---|---|
| Total £ 44,663 516 - __ 45,179 _ 27,196 1,400 - 28,596 16,583 17,467 ___ |
||
| _ | ||
| _ | ||
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Page 9
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2023
7. Debtors
| Trade debtors Prepayments 8. Creditors: amounts falling due within one-year Trade creditors Other taxes and social security Pension Accruals and deferred income 9. Analysis of net assets between funds Fund balances at 31 March 2023 as represented by: Tangible fixed assets Current assets Current liabilities |
_ | 2023 £ 3,212 - __ 2023 £ 771 3,258 1,056 1,440 _ 6,525 2023 £ 16,583 93,035 (6,525) _ 103,093 ____ |
_ | 2022 £ 2,957 - __ 2022 £ 683 4,009 - 1,440 _ 6,132 2022 £ 17,467 161,822 (6,132) ____ |
|---|---|---|---|---|
| _ | _ | |||
| _ | _ | |||
| 173,157 _ |
Page 10
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2023
| 10. Unrestricted funds General Funds |
At At 1 April Incoming Outgoing 31 March 2022 resources resources 2023 £ £ £ £ 173,157 417,771 (487,835) 103,093 _ _ _ _ |
|---|---|
Page 11
Plympton St Maurice Childcare Centre
The following pages do not form part of the statutory accounts.
Plympton St Maurice Childcare Centre
Detailed statement of financial activities
For the year ended 31 March 2023
| Incoming resources Voluntary income Income Fees Vouchers (Government) Baby Room Toddler and Pre-School Extended School Grants receivable Donations Investment income Bank interest receivable Grants JRS Grants Total incoming resources |
2023 £ 17,854 163,516 63,709 87,963 79,139 5,500 - _ 417,681 _ 90 _ 90 _ - 417,771 __ |
2022 £ 98,405 99,100 34,870 98,845 44,980 2,800 - _ 379,000 _ 3 _ 3 _ 1,521 380,524 __ |
|---|---|---|
£
Plympton St Maurice Childcare Centre
Detailed statement of financial activities
For the year ended 31 March 2023
2023 2022 £ £ £
Resources expended
Costs of generating funds
| Activities undertaken directly Food and drink 6,924 Educational sessions 3,031 Wages and salaries 381,472 Employers NI 18,601 Pension costs 5,507 Corporate clothing 404 Rates and water 2,883 Light and heat 3,797 Premises maintenance 31,179 Premises security 234 Toys and equipment 7,452 General equipment 2,945 Equipment hire 972 Insurance 1,585 Accountancy fees 4,205 Legal and professional fees - Nursing costs 1,795 Telephone and internet 2,666 Advertising 454 Printing, postage and stationery 931 Computer costs 1,463 Cleaning and waste disposal 5,872 Subscriptions and memberships 889 Depreciation school equipment 1,049 Depreciation fixtures and equipment 351 Loss on disposal of assets - Training costs 1,060 Staff welfare - Bank charges 114 Donations - Sundry expenses - _ Total costs of generating funds Net (outgoing)/incoming resources for the year |
5,405 1,740 323,616 13,157 4,066 1,270 1,264 3,826 16,964 98 8,290 1,978 598 1,404 4,886 382 444 2,472 - 2,676 527 8,647 1,078 2,197 814 - 1,035 1,205 98 103 372 _ 487,835 _ 487,835 _ (70,064) _ |
410,612 _ 410,612 _ (30,088) _ |
|---|---|---|