Plympton St Maurice Childcare Centre
Trustees' report and financial statements
for the year ended 31 March 2024
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 Hannah Harvey (Chair - appointed 11[th] September 2023) Gemma Medicott (resigned 1[st] May 2024) Sarah Bean (resigned 25[th] November 2024) Becky Hart (resigned 25[th] November 2024) Neil Penhallurick (resigned 18[th] September 2023) Helen Adkins Gemma Campbell (resigned 1[st] May 2024) Heidi Warren (resigned 18[th] September 2024) Lindsay Greenway (appointed 25[th] November 2024) Samantha Porteous (appointed 25[th] November 2024) Sophie Wingfield (appointed 25[th] November 2024) Accountants Best Accountancy Services (Plymouth) Ltd Unit 7 Seaton Business Park 36 William Prance Road Plymouth Devon PL6 5WR Bankers Lloyds Bank plc 8 Royal Parade Plymouth Devon PL1 1DS
Page 1
Plympton St Maurice Childcare Centre
Report of the Trustees
For the year ended 31 March 2024
The trustees present their report and the financial statements for the year ended 31 March 2024. 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:
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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;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures
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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
.................................
Hannah Harvey
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 2024 set out on pages 2 to 11.
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:
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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:
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(i) which gives us reasonable cause to believe that in any material respect the requirements:
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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 2024
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 428,865 Investment income 3 500 Furlough grants - _ Total incoming resources 429,365 _ Resources expended Food and drink 4,845 Educational sessions 2,464 Staff costs 4 379,224 Nursing costs 1,441 Premises cost 9,394 Accountancy fees 4,393 Legal and professional fees 510 Telephone and IT 2,132 Office expenses 4,042 Depreciation 810 Corporate clothing 531 Toys and equipment 3,972 General equipment 2,420 Equipment hire 2,471 Cleaning and waste disposal 5,088 Subscriptions and memberships 956 Training costs - Staff welfare - Bank charges 155 _ Total resources expended 424,848 _ Net incoming/(outgoing) resources for the year 4,517 Total funds brought forward 103,093 _ Total funds carried forward 107,610 _ |
2024 Total £ 428,865 500 - _ 429,365 _ 4,845 2,464 379,224 1,441 9,394 4,393 510 2,132 4,042 810 531 3,972 2,420 2,471 5,088 956 - - 155 _ 424,848 _ 4,517 103,093 _ 107,610 _ |
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 _ 487,835 _ (70,064) 173,157 _ 103,093 _ |
|---|---|---|
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 2024
| 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 |
2024 £ £ 15,952 15,563 82,322 _ 97,885 (6,227) _ 91,658 _ 107,610 _ 107,610 _ 107,610 _ |
2023 £ £ 16,583 3,212 89,823 _ 93,035 (6,525) _ 86,510 _ 103,093 _ 103,093 _ 103,093 _ |
2023 £ £ 16,583 3,212 89,823 _ 93,035 (6,525) _ 86,510 _ 103,093 _ 103,093 _ 103,093 _ |
|---|---|---|---|
| 103,093 _ |
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| 103,093 _ |
|||
| 103,093 _ |
The financial statements were approved by the trustees on 13[th] January 2025 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 2024
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 2024
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 |
2024 Total £ 3,391 176,288 80,805 62,181 102,270 3,930 - _ 428,865 _ |
2023 Total £ 17,854 163,516 63,709 87,963 79,139 5,500 - _ |
|---|---|---|
| 417,681 _ |
Page 7
Plympton St Maurice Childcare Centre
Notes to the financial statements
for the year ended 31 March 2024
3. Investment income
| Bank interest receivable 4. Employees Employment costs Wages and salaries Social security costs Pension costs |
2023 Total £ 500 _ 500 _ 2024 £ 357,294 15,898 6,032 _ 379,224 _ |
2022 Total £ 90 _ 90 _ 2023 £ 381,472 18,601 5,507 _ 405,580 _ |
|---|---|---|
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:
| 2024 Number 23 _ |
2023 Number 24 _ |
|---|---|
Page 8
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2024
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.
| 2024 £ Pension charge 6,032 _ Long Fixtures, 6. Tangible fixed assets leasehold Plant and fittings and property machinery equipment £ £ £ Cost At 1 April 2023 15,000 16,377 13,802 Additions - 179 - Disposals - - - _ _ _ At 31 March 2024 15,000 16,556 13,802 _ _ _ Depreciation At 1 April 2023 - 15,614 12,982 Charge for the year - 575 235 Disposals - - - _ _ _ At 31 March 2024 - 16,189 13,217 _ _ _ Net book values At 31 March 2024 15,000 367 585 _ _ _ At 31 March 2023 15,000 763 820 _ _ _ |
_ | 2023 £ 5,507 _ |
|---|---|---|
| Total £ 45,179 179 - __ 45,358 _ 28,596 810 - 29,406 15,952 16,583 ___ |
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Page 9
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2024
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 2024 as represented by: Tangible fixed assets Current assets Current liabilities |
_ | 2024 £ 15,563 - __ 2024 £ 267 3,441 1,079 1,440 _ 6,227 2024 £ 15,952 97,885 (6,227) _ 107,610 ____ |
_ | 2023 £ 3,212 - __ 2023 £ 771 3,258 1,056 1,440 _ 6,525 2023 £ 16,583 93,035 (6,525) ____ |
|---|---|---|---|---|
| _ | _ | |||
| _ | _ | |||
| 103,093 _ |
Page 10
Plympton St Maurice Childcare Centre
Notes to the financial statements for the year ended 31 March 2024
| 10. Unrestricted funds General Funds |
At At 1 April Incoming Outgoing 31 March 2023 resources resources 2024 £ £ £ £ 103,093 429,365 (424,848) 107,610 _ _ _ _ |
|---|---|
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 2024
| 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 |
2024 £ 3,391 176,288 80,805 62,181 102,270 3,930 - _ 428,865 _ 500 _ 500 _ - 429,365 __ |
2023 £ 17,854 163,516 63,709 87,963 79,139 5,500 - _ 417,681 _ 90 _ 90 _ - 417,771 __ |
|---|---|---|
£
Plympton St Maurice Childcare Centre
Detailed statement of financial activities
For the year ended 31 March 2024
2024 2023
£
£
£
Resources expended
Costs of generating funds
| Activities undertaken directly Food and drink 4,845 Educational sessions 2,464 Wages and salaries 357,294 Employers NI 15,898 Pension costs 6,032 Corporate clothing 531 Rates and water 1,232 Light and heat 7,735 Premises maintenance - Premises security 427 Toys and equipment 3,701 General equipment 2,420 Equipment hire 2,471 Insurance 1,570 Accountancy fees 4,393 Legal and professional fees 510 Nursing costs 1,441 Telephone and internet 2,132 Advertising 851 Printing, postage and stationery 538 Computer costs 1,083 Cleaning and waste disposal 5,088 Subscriptions and memberships 956 Depreciation school equipment 575 Depreciation fixtures and equipment 235 Loss on disposal of assets - Training costs - Staff welfare - Bank charges 155 Donations - Sundry expenses 271 _ Total costs of generating funds Net incoming/(outgoing) resources for the year |
6,924 3,031 381,472 18,601 5,507 404 2,883 3,797 31,179 234 7,452 2,945 972 1,585 4,205 - 1,795 2,666 454 931 1,463 5,872 889 1,049 351 - 1,060 - 114 - - _ 424,848 _ 424,848 _ 4,517 _ |
487,835 _ 487,835 _ (70,064) _ |
|---|---|---|