**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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
- 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:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission under
- section 145(5)(b) of the 2011 Act and
- 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
- 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
_______|
||||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
______|
||_||
||_||
||_||
||_||
||_||
**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)
_______|
|---|---|---|