2023-08-31-accounts - St George Pre-School CIO

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ST GEORGE PRE-SCHOOL CIO

ACCOUNTS

YEAR ENDED 31 AUGUST 2023

Registered Charity Number 1173714

ST GEORGE PRE-SCHOOL CIO

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

CONTENTS	PAGE
Legal and administrative information	2
Trustees report	3
Independent Examiner’s report	6
Statement of financial activities	7
Balance sheet	8
Notes to the accounts	9

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ST GEORGE PRE-SCHOOL CIO

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 AUGUST 2023

Full Name:	St George Pre-School CIO	St George Pre-School CIO
Registered Charity Number	1173714
Address:	Netham House
	Derby Street
	Bristol
	BS5 8AP
Trustees:	Jenny Knight	Chair
	Amanda Blake	Treasurer
	Theresa Gee	resigned Dec 2022
	Madeleine Van Zyl	resigned Dec 2022
	Anna Cordle	Secretary
	Katie Ellis	resigned Dec 2022
Independent Examiner:	Joanne Trowbridge MAAT
	Bristol Community Accountants CIC
	The Park,
	Daventry Road,
	Knowle
	Bristol BS4 1DQ
Bankers:	Lloyds Bank
	25 Gresham Street
	London
	EC2V 7HN

ST GEORGE PRE-SCHOOL CIO

TRUSTEES REPORT

YEAR ENDED 31 AUGUST 2023

The Trustees present their report and accounts for the year ended 31[st] August 2023.

Structure, Governance and Management

St George Pre-School CIO is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed according to its constitution, adopted 7[th] July 2017.

The charity was established to take forward the work of the unincorporated charity, St George PreSchool Group, charity number 1027329.

Members and Trustees

The members of the CIO shall be its charity trustees for the time being. The only persons eligible to be members of the CIO are its charity trustees. Membership of the CIO cannot be transferred to anyone else.

Any member and charity trustee who ceases to be a charity trustee automatically ceases to be a member of the CIO.

It is the duty of each member of the CIO to exercise his or her powers as a member of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO.

If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

The affairs of the charity are managed on a day to day basis by the trustees, who may exercise all the powers of the CIO.

The trustees who served during the year are shown on page 2 of this report.

Appointment of Trustees

Trustees may be appointed by the existing trustees or by the decision of the members at the annual general meeting.

In accordance with the terms of the constitution, there must be at least two charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.

Public benefit

In shaping the objectives for the year and planning activities, the trustees have considered the Charity commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

ST GEORGE PRE-SCHOOL CIO

TRUSTEES REPORT

YEAR ENDED 31 AUGUST 2023

STRUCTURE

We are members of the Early Years Learning alliance and BAND (Bristol and Neighbourhood Daycare) and receive guidance from them on policy & legislation changes. We also received visits from the LEA teaching advisory service. We are Ofsted registered and currently have a grading of good. We hold an annual AGM where trustees, who are parents of current or past children are elected.

AIMS

As a charity we aim to support, where we can, families with young children under 5 in our local community by offering affordable paid and funded Early Years Education places for children aged from 2 – 3 years (Acorns room) and 3 – 5 years (Oaks room).

Objectives and activities

Objects of the Charity

To advance education of children between the age of 2 and under statutory school age, by such charitable means as the charity trustees shall decide by provision of preschool play, education facilities and activities and through encouragement and support of parents.

ACTIVITIES and PERFORMANCE

We continue to offer high quality early years education for the local community to access. We have remained financially viable throughout the year, whilst being able to provide ‘free’ hot lunches to our children eligible for Early Year Pupil Premium funding.

We continue hold a GOLD Bristol Eating better and a Sugar Smart award, together with a level 5 food rating. We continue to ask parents for donations of fruit & carbs to enable us to provide ‘free’ healthy snacks for all children.

Following on from our successful appointment of a member of the team through an apprenticeship we have now offered another student the opportunity of a level 3 apprenticeship with us.

This year we were committed to supporting the Oaks Sen teacher to achieve her Level 3 SENCo award. We now have 2 level 3 SENCo trained teachers enabling us to early identify and support the children attending the preschool.

The investment in our garden equipment last year has provided a safe environment for all the children to play, learn, explore and climb. This year we held a family planting morning which has provided a fabulous opportunity for children to learn about caring for the plants whilst developing their sensory needs. We have introduced a sensory potion station which further enhances our Oaks Garden.

We bought a lot of natural resources, encouraging and igniting imaginative play.

We moved our lending library to a small shed at the front of the building. We have been successful in stocking it with books for babies, toddlers, older children, and adults. This is accessible all year round and has encouraged lots of family reading.

ST GEORGE PRE-SCHOOL CIO

TRUSTEES REPORT

YEAR ENDED 31 AUGUST 2023

FUTURE PLANS

We will continue to build on the production of the trustees to ensure we are supporting the aims of the charity.

To develop a ‘take me home’ rail, where parents can donate and take-home high quality second-hand clothes.

Reserves Policy and Risk Management

The trustees recognise the need to keep reserves at a level which will give the organisation stability to enable it to continue to operate in the future. The actual level of reserves will be periodically reviewed.

The trustees have now examined the major risks to which the charity is exposed and systems will continue to be established to mitigate those risks.

Going concern

The trustees have reviewed the circumstances of the charity and consider that adequate resources continue to be available to fund the activities of the organisation for the foreseeable future. The trustees are therefore of the view that the charity is a going concern.

We remained financially viable during this academic year with Bristol City Council funding places as if the pandemic had not occurred.

Related parties

The trustees consider that there are no related parties to the charity

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity at any time and enable the trustees to prepare financial statements for each financial year. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The trustees declare that they have approved the trustees’ report above.

Approved by the trustees and signed on their behalf by:

……………………………………………. …………………………………………….

Date………………………………………

ST GEORGE PRE-SCHOOL CIO

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

YEAR ENDED 31 AUGUST 2023

Independent examiner’s report to the trustees of St George Pre-School CIO

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31[st] August 2023.

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 charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.

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 130 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 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 accounts to be reached.

…………………………………………………….

Joanne Trowbridge MAAT Bristol Community Accountants CIC The Park Daventry Road, Knowle Bristol BS4 1DQ

Date ..............................................

ST GEORGE PRE-SCHOOL GROUP CIO

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

YEAR ENDED 31 AUGUST 2023

Unrestricted Funds £ 11,485 267,403 616	Restricted Funds £ - - -	Total Funds 2023 £ 11,485 267,403 616	Total Funds 2022 £ 15,924 267,838 15
279,504	-	279,504	283,777
288,906 2,256	- -	288,906 2,256	266,128 6,931
291,162	-	291,162	273,059
(11,658) 545,728	- -	(11,658) 545,728	10,718 535,010
534,070	-	534,070	545,728

All of the activities of the charity are classed as continuing

The notes on pages 9 to 13 form part of these financial statements

As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

*Details of the allocation of 2022 total funds between unrestricted and restricted are shown in note 17

ST GEORGE PRE-SCHOOL GROUP CIO

BALANCE SHEET

YEAR ENDED 31 AUGUST 2023

£ £ 56,251 478,868 150 479,018 (1,199) 477,819 534,070 534,070 534,070 2023	£ £ 56,251 478,868 150 479,018 (1,199) 477,819 534,070 534,070 534,070 2023	2022 £ 62,501 528,261 150
479,018 (1,199)		528,411 (45,184)
534,070		483,227
	534,070	545,728
		545,728
	534,070	545,728

These financial statements were approved by the trustees on ……………………………. and are signed on their behalf by:

………………………………. ……………………………….

The notes on pages 9 to 13 form part of these financial statements

ST GEORGE PRE-SCHOOL GROUP CIO

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1 Basis of Preparation

a) These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2019) - (Charities SORP(FRS 102)) and with the Charities Act 2011.

b) The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
c) The charity constitutes a public benefit entity as defined by FRS 102.

2 Accounting policies

a) Income from donations is included in income when these are receivable, except as follows:

i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.

ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.

b) Expenditure is recognised in the period in which they are incurred. Expenditure includes attributable VAT which cannot be recovered.
c) Most expenditure is directly attributable to specific activities, and has been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
d) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
e) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
f) Individual assets are capitalised at cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Leasehold improvements over 10 years straight line

g) The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
h) The CIO only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and susequently measured at their settlement value.
i) The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the period.
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ST GEORGE PRE-SCHOOL GROUP CIO

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

Income and Endowments From:

3 Donations and legacies

Donations and legacies
SEN Funding HMRC SSP Covid Funding Fundraising	Unrestricted Funds £ 11,403 - 82	Restricted Funds £ - - -	Total Funds 2023 £ 11,403 - 82	Total Funds 2022 £ 15,440 193 291
	11,485	-	11,485	15,924

Donations and legacies prior year - all unrestricted

4 Charitable Activities

Fees Lunches Milk	Unrestricted Funds £ 252,651 14,505 247	Restricted Funds £ - - -	Total Funds 2023 £ 252,651 14,505 247	Total Funds 2022 £ 256,482 11,128 228
	267,403	-	267,403	267,838

Charitable activities prior year - all unrestricted

5 Investment Income

Bank Interest	Unrestricted Funds £	Restricted Funds £	Total Funds 2023 £	Total Funds 2022 £
	616	-	616	15

Investment income prior year - all unrestricted

The charity receives government funding. The total value of such funding in the period ending 31 August 2023 was £219,239 (2022:£243,452). There are no unfulfilled conditions or contingencies attaching to these grants in the year ended 31 August 2023.

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NOTES TO THE FINANCIAL STATEMENTS

ST GEORGE PRE-SCHOOL GROUP CIO

YEAR ENDED 31 AUGUST 2023

Expenditure On:

6 Charitable activities

Salaries and agency staff Ofsted and DBS Milk Equipment Telephone Refreshments and cooking Stationery and postage Miscellaneous Training Apprenticeship fee Bank charges Gifts, entertainment and outings Maintenance Housekeeping Administration Payroll Depreciation	Unrestricted Funds £ 239,926 178 247 4,095 1,262 15,069 259 522 268 - 85 - 1,884 1,488 16,786 587 6,250	Restricted Funds £ - - - - - - - - - - - - - - - - -	Total Funds 2023 £ 239,926 178 247 4,095 1,262 15,069 259 522 268 - 85 - 1,884 1,488 16,786 587 6,250	Total Funds 2022 £ 221,427 153 236 4,701 1,728 11,231 636 612 507 300 86 416 3,428 9,442 10,625 600 -
	288,906	-	288,906	266,128

Charitable activities prior year - all unrestricted

7 Other

Other
Insurance and PLA membership Professional fees Accounts production and tax return Independent examination	Unrestricted Funds £ 1,057 - 613 586	Restricted Funds £ - - - -	Total Funds 2023 £ 1,057 - 613 586	Total Funds 2022 £ 379 5,498 521 533
	2,256	-	2,256	6,931

Other prior year - all unrestricted

8 Net incoming resources for the year

This is stated after charging:	2023	2022
	£	£
Independent Examiners Fee	586	533

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ST GEORGE PRE-SCHOOL GROUP CIO

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

9 Tangible fixed assets

Cost Additions At 31 August 2023 Depreciation Charge for the period At 31 August 2023 Net book value At 31 August 2023	Leasehold Improvements £ 62,501 62,501 6,250 6,250 56,251	Total £ 62,501
		125,002
		6,250
		6,250
		56,251

10 Staff costs and numbers

The aggregate payroll costs were:

The aggregate payroll costs were:
Wages and salaries Social security costs Pensions costs	2023 £ 225,509 10,490 3,926	2022 £ 182,634 3,348 2,859
	239,925	188,841

No employee received emoluments of more than £60,000.

The average monthly head count was 13 staff (2022: 14)

The key management personnel of the charity comprise the board of trustees, The Manager, Deputy manager and Lead teacher. The total employee benefits of key management personnel, during the year, total £100,393 (2022: £87,516).

11 Taxation

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

12 Trustee expenses

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

13 Related Party Transactions

There were no other related party transactions during the year (2022: £Nil)

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ST GEORGE PRE-SCHOOL GROUP CIO

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

14 Creditors: amounts falling due within one year

Trade creditors Accruals	2023 £ - 1,199	2022 £ 379 44,805
	1,199	45,184

15 Movement in funds

Unrestricted funds General funds Total funds	At 01-Sep 2022 £ 545,728	Incoming resources £ 279,504	Outgoing resources £ (291,162)	Transfers £ -	At 31-Aug 2023 £ 534,070
	545,728	279,504	(291,162)	-	534,070

16 Analysis of net assets between funds

Tangible Fixed Assets Cash at Bank and in Hand Other Net Current Assets/(Liabilities) Total	General Fund £ 56,251 479,018 (1,199)	Restricted Funds £ - - -	Total Funds £ 56,251 479,018 (1,199)
	534,070	-	534,070

17 Analysis of charitable funds - previous year, as required by paragraph 4.2. of the SORP

Unrestricted Funds £ 15,924 267,838 15	Restricted Funds £ - - -	Total Funds 2022 £ 15,924 267,838 15
283,777		283,777
266,128 6,931	-	266,128 6,931
273,059	-	273,059
10,718 535,010	- -	10,718 535,010
545,728	-	545,728

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