2024-08-31-accounts - St Martin's Pre-School

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REGISTERED CHARITY NUMBER: 1155711

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 for St Martin's Pre-School

Sally Wainwright ACMA- Et Voila Accountancy Services Limited , Isis House, Smith Road, Wednesbury, WS10 0PB

St Martin's Pre-School

Contents of the Financial Statements for the Year Ended 31 August 2024

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 13
Detailed Statement of Financial Activities	14 to 15

St Martin's Pre-School

Report of the Trustees

for the Year Ended 31 August 2024

The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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 (FRS102) (effective l January 2015).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Pre-School works for the public benefit having as its objects the development and education of children and young people, in particular by: Promoting their care and safety; Promoting their education and promoting parental involvement Promoting their health and wellbeing; Providing services to support them and their families and carers: Providing services to individuals holding membership of the CIO; and further the aims of the Early Years Alliance

The primary objective of the Pre-School is the provision of education and care for children from the age of two until they start school. The strategy to achieve this is to provide for a high quality of staff ratio to children, offer additional activities to develop and stimulate children and support children with additional needs with staff with specific SENCO qualifications. The CIO provides a Pre-School open to all in the local community.

St Martin's Pre-School

Report of the Trustees

for the Year Ended 31 August 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

T he Pre-School continues to be graded as 'outstanding in all areas' by OFSTED. This confirms the Pre-School's commitment to its aims and objectives by continuing to provide high staff to child ratios, a focus on the education, care, safety, health and wellbeing of the children and offering extra support for those children with additional needs. The Pre-School showed a profit of £27,982 {2023 profit of £24,631) for the year, as summarised below:

Total incoming resources Total resources expended Surplus/(deficit) for the year Fund balances at beginning of year Fund balances at end of year	257,571 229,589 27,982 102,033 130,015 31/08/202 4 £	228,235 203,604 31/08/2023 £
		24,631 77,402
		102,033

Despite generating a surplus of £27,982, the Pre-School continues to face a challenging financial environment. Consistent with previous years, income generated from funding from Surrey County Council is not sufficient to fully cover staff wages and other operating expenditure. As a result, the Pre-School continues to rely heavily on parent generosity through voluntary monetary donations, to ensure costs are covered.

Investment policy and objectives

The CIO invests in a deposit account with a recognised UK financial institution. The aim of such investment is to achieve the best available investment income returns, balanced against minimising risk to capital, whilst meeting the cash flow requirements of the PreSchool.

St Martin's Pre-School

Report of the Trustees

for the Year Ended 31 August 2024

FINANCIAL REVIEW

Reserves policy

The Committee is mindful of the financial challenges facing the Pre-School when making budget decisions to ensure the long-term financial stability of the Pre-School. The Pre-School's Reserves Policy was reviewed against the major risks facing the PreSchool. Given that the Pre-School had shown a deficit in a recent year, the Committee continues to mitigate for additional challenges, especially those relating to staff costs (including pension auto-enrolment, longer term staff absence and recruitment costs) and the overall financial position.

The policy was updated in 2017 to achieve free reserves to cover four month's total expenditure.

Budgeting policy

Going forward the Committee is committed to helping to improve our financial position. This will be closely monitored and kept under regular review throughout the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

St Martin's Pre-School is a charitable incorporated organisation governed by the Pre-School Learning Alliance Model CIO Constitution 2013.

St Martins Pre-School CIO was established on 10 February 2014 as a result of resolutions passed at the Annual General Meeting of St Martin's Pre-School (registered charity number 1023678, now closed) on 24 October 2013.

Recruitment and appointment of new trustees

New Committee members are either elected at a General Meeting or can be asked to join by the existing trustees, should there be a vacancy.

Organisational structure

The Management Committee meets at least termly during the year to determine general policy and review the framework of management and control for which it is legally responsible. At these meetings, the activities of the Pre-School, including strategy, the budget and the annual report and accounts, are reviewed.

The day to day running of the Pre-School is delegated to the Manager, Office Manager and Deputy Manager, and proposals are formulated by these officers who make recommendations to the Committee.

Induction and training of new trustees

New members are inducted into the workings of the CIO, including the Policies and Procedures. Appropriate external training on governance and other relevant matters is offered to committee members.

St Martin's Pre-School

Report of the Trustees for the Year Ended 31 August 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1155711 Principal address Worple Road Epsom Surrey KT18 7AA

REFERENCE AND ADMINISTRATIVE DETAILS Trustees

Miss H Simms Mr N Speirs Mrs K Bond Miss C Jukes Mrs H Knell Mrs H Smith

lndependent Examiner Miss Sally J Wainwright ACMA Isis House Smith Road Wednesbury West Midlands WS10 0PB

Bankers CAF (CharitiesAid Foundation) 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA

Approved by order of the board of trustees on 19th November 2024 and signed on its behalf by:

Miss H Simms - Trustee

St Martin's Pre-School

Report of the Trustees

for the Year Ended 31 August 2024

Independent Examiner's Report to the Trustees of St Martin's Pre-School

I report to the charity trustees on my examination of the accounts of the St Martin's Pre-School (the Trust) for the year ended 31 August 2024

Responsibilities and basis of report

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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:

Accounting records were not kept in respect of the Trust as required by section l30 of the Act; or
The accounts do not accord with those records; or
The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Sally J Wainwright ACMA

Sally J Wainwright ACMA through Et Voila Accountancy Limited

Isis House

Smith Road Wednesbury WS10 0PB

24-Oct-24

St Martin's Pre-School

Statement of Financial Activities for the Year Ended 31 August 2024 Notes Donations and legacies Discretionary Funding Education Other trading activities 2 Investment Income 3 Total EXPENDITURE ON Raising funds Charitable activities Education Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD INCOME AND ENDOWMENTS FROM	8/31/2024 £ 13,731 239,128 4,712 257,571 1,428 228,161 229,589 27,982 102,033 130,015 Unrestricted Funds	8/31/2023 Total Funds £ 12,686 1,663 208,328 5,558
		228,235 1,428 202,176
		203,604
		24,631 77,402
		102,033

These notes form part of these financial statements

Balance Sheet

At 31 August 2024

Balance Sheet At 31 August 2024
Notes Current Assets Stocks 7 Money Owed by Council Cash at bank 8 Net Current Assets Total Assets Less Current Liabilities 9 Net Assets Funds Unrestricted Funds 10 Total Funds Creditors Amount falling due within one year Creditors Amounts falling due after more than one year	31.8.24 Unrestricted Fund £ 898 135,297 136,195 (4,430) 131,765 131,765 (1,750) 130,015 130,015	31.8.23 Total Funds £ 574 105,089
		105,663 (1,780)
		103,883 103,883 (1,850)
		102,033

		102,033

The Financial statements were approved by the Board of Trustees on 24 October 2024 and were signed on its behalf by:

Miss H Simms - Trustee

Notes to the Financial Statements for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS I02) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts as in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective I January 2015)

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Allocation and apportionment of costs

The majority of costs are directly attributable to direct charitable expenses. In the provision of a PreSchool environment. Costs relating to fundraising and governance are shown separately.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The ClO is not subject to taxation on its charitable activities, although it bears the cost of value added tax on purchases. The income of the CIO is exempt from VAT.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the CIO.

The charity does not have any restricted funds.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

School Uniforms Registration Fees Xmas Funding Other fundraising	31.8.24 31.8.23 2054 1074 2300 2300 382 2184
	4,736 5,558

3. INVESTMENT INCOME

31.8..24 31.8.23 £ £

Deposit Account Interest

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

Expenses reimbursed to members of the Committee in year were nil

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Practitioners Manager Office Manager	31.8.24 31.8.23 £ £ 11 11 1 1 1 1
	13 13

No Employees received emoluments in excess of £60,000.

INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable Activities Education Other Trading Activities Total EXPENDITURE ON Raising Funds Charitable Activities Education NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. STOCKS Stocks 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	2024 2023 Unrestricted Funds £ £ 13,731 14,349 239,128 208,328 4,712 5,558 Unrestricted Funds
	257,571 228,235
	1,428 1,428 228,161 202,176
	229,589 203,604
	27,982 24,631 102,033 77,402
	130,015 102,033
	31.8.24 31.8.23 £ £
	898 574

8. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

8. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR
PAYE Deposits Registration Fees Accruals Deposits Registration Fees 9. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR	31.8.24 31.8.23 £ £ 1,450 1,300 2,500 480 480
	4,430 1,780
	31.8.24 31.8.23 £ £ 1,750 1,850
	1,750 1,850

10. MOVEMENTS IN FUNDS Unrestricted Funds General Fund Total Funds Unrestricted Funds General Fund Total Funds Comparatives for movement in funds Unrestricted funds General Fund Total funds 2023 Unrestricted funds General fund Total Funds Net Movement in funds, included in the above are as follows: Comparative net movement in funds, included in the above as follows:	At 01.9.23 At 31.8.24 102,033 27,982 130,015 Net Movement in funds
	102,033 27,982 130,015
	£ £ £ 257,571 (229,589) 27,982 Incoming Resources Resources Expended Movement in Funds
	257,571 (229,589) 27,982
	At 1.9.22 At 31.8.23 77,402 24,631 102,033 Net Movements in Funds
	77,402 24,631 102,033
	£ £ £ 228,235 (203,604) 24,631 Incoming Resources Resources Expended Movement in funds
	228,235 (203,604) 24,631

11. RELATED PARTY DISCLOSURES

St Martin's Pre-School purchased insurance for the Committee Members during the year to indemnify them against any liabilities arising as a result of negligence on the charity's behalf. This insurance is purchased through the Pre-School Leaming Alliance.

12. ULTIMATE CONTROLLING PARTY

The Pre-School was under the control of the Committee Members, who are also Trustees

St Martin's Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

INCOME AND ENDOWMENTS Donations and Legacies Donations, gifts and fortfeied deposits Discretionary Funding from Council Gift Aid Other Trading Activities School Uniforms Registration Fees Other fundraising Charitable Activities Surrey EYFE & FEET fees Other Activities Food Vouchers Lunch Club Other income Disability Access Funding Surrey CC Working Parents Entitlement Surrey CC Total incoming resources EXPENDITURE Other Trading activities Out Reach Support Spring Fair Uniforms	8/31/2024 £ 12,230 1,501 13,731 2,030 2,300 382 4,712 228,856 1,005 2,916 2,171 1,182 2,998 239,128 257,571 3,000 1,516 4,516	8/31/2023 £ 12,871 1,478
		14,349 1,074 2,300 2,184
		5,558 204,200 496 2,786 846
		208,328
		228,235
		-

St Martin's Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

Charitable Activities Wages Social Security Pensions Subscriptions Assets not capitialised play equipment Assets not capitialised plant&machinery Recruitment Expenses Legal and professional Advertising Bank Charges Discounts Taken Printing, Stationery, IT, telephone, subs, charges Food Vouchers Staff Training DBS Checks Fundrasing Expenses Premises Maintenance Speech and Language Sessions Staff Uniform Refreshments Resources for children Events and Outings Rent Entertainment Support Costs Finance Insurance Governance Costs Independent examiners fees Total resources expended Net expenditure	8/31/2024 £ 175,741 5,816 3,084 736 1,332 1,280 821 110 60 1,213 1,418 930 137 226 591 45 8,693 2,176 17,039 695 222,143 1,394 1,536 229,589 27,982	8/31/2023 £ 151,800 3,969 2,579 570 832 1,900 263 60 1,345 1,277 60 1,970 206 173 7,090 732 7,111 2,147 15,826 792 200,702 1,402 1,500 203,604
		24,631