St Giles Preschool (Registered charity, number 1174619) Financial statements for the year ended 31 August 2020 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts capLUS COMMUNITY ACCOUNTING St Giles Preschool Trustees, annual report for the year ended 31 August 2020 Full name St Giles Preschool Organisation type Charitable incorporated organisation Registered charity number 1174619 Principal address Lutterell Hall, Church Drive, West Bridgford, Nottingham, NG2 6AY Trustees Lisa Marshall, Chair, from 22101120 Rani Karim, Treasurer Stacey Sheret, Secretary, from 04102120 Lesley Brown Esther Hamilton. from 22101120 Sarah McNamara, from 04102120 Shobana Nammalvar, from 04102120 Charlotte Fullam, from 05102120 Catherine Swain, until 01102120 Rebecca Bevis, until 01102120 Julie Higgins, until 01102120 Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL Governance and management The charity is operated under the rules of its CIO Foundation Constitution adopted 12 September 2017. The methods adopted for the recruitment and appointment of new trustees involves advertising for trustees within the preschool setting and further afield if necessary e.g. at schools and local magazines and also via websites. One-to-one conversations are held between interested parties and a current trustee and then the trustee will make a recommendation of the individual to the trustee committee if suitable. Public benefit statement The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit.. St Giles Preschool Objectives and activities The charity works for the public benefit having as its objects the development and education of preschool children in particular by= 1 } Promoting their care and safety; 2) Promoting their education and promoting parental involvement. 3) Promoting their health and wellbeing., 4) Providing services to support them and their families and carers whatever race. culture, religion. means or ability. 5) Providing services to members of the Charity. Summary of the main activities undertaken for the public beneftt Providing childcare and education to preschool aged children. We provide a safe, secure and enriching environment for young children to flourish and prepare them for school and life beyond. Summary of the main achievements during the period The preschool was largely at full occupancy for all of the last academic year 201912020, when we were able to open fully. During the pandemic we opened for key worker and vulnerable children only. The charitys policy on reserves In terms of reserves our aim is to have 3 months running costs in the bank. which amounted to around £16,500 last year. we closed the year with just over £30,000. This has been closely monitored due to the changes from Covid-19. Our expenditure is tightly monitored, with anything over £50 requiring committee approval. We will continue to apply for grants, hold fundraising events and be cautious about our expenditure in order to maintain a healthy reserve. Flnancial risks Rock Church have currently taken over management of our venue. Signed on behalf of the charty's trustees. Signed Lisa Marshall, Trustee Date Independent examiner's report to the trustees of St Giles Preschool for the year ended 31 August 2020 I report to the trustees on my examination of the accounts of St Giles Preschool (the charity) for the year ended 31 August 2020. Responsibilities and basis of report As the trustees of the charity 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 I have completed my examination. I confirm that no 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 charity as required by section 130 of the Act- or 2. the accounts do not accord with those records. I have no COn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Signed John O'Brien Msc, FCCA, FCIE Employee of Community Accounting Plus Date 0810712021 St Giles Preschool Receipts & payments account for the year ended 31 August 2020 2019 2020 Not0 Receipts Grants & donations FU￿ed sessions Non funded sessions FU￿jralsirg Sundry re￿Ipts Totsl receipts 595 65326 10732 1097 170 77920 4559 53855 17374 816 82 76686 Payments Advertising CleaniThJ Equipment, repairs & renewals Food & drink Gifts & donations Hospitality Insurance Legal & professional Office & general admin Printiro. postage & stationery Rent Resources Telephone TrainirKJ Wages & Nl Total payments 36 47 272 868 135 1013 608 640 315 440 1708 56 347 12461 1861 10 215 47347 65983 440 1962 132 434 7977 1490 175 456 50258 65720 11937 7843 19780 Net receiptsl{payments) Cash fijnds at start of this period Cash funds at end of this period 10966 19780 30746 St Giles Preschool Statement of assets and liabilities at 31 August 2020 2019 2020 Cash assets Bank accounts Cash in h3fKI 19678 102 19780 30716 30 30746 Other monetary assets Debtors Prepayments 53 382 435 117 256 373 Assets retained for the charity's own use General eqillpment. Liabilities Credito[5 596 (596) 540 540 These financial statements are accepted on behalf of the charity by: Signed Charlotte Fullam, Trustee CJ Dated £ St Giles Preschool Notes to the accounts for the year ended 31 August 2020 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations HMRC.. Job Retention Scheme Sundry donations 4268 291 4559 3. Debtors Wages & Nl {HMRC) Wages & Nl (net wages) 107 10 117 4. Prepayments Insurance Legal & professional 152 104 256 5. Creditors Independent examination 540 540 6. Trustees, remuneration Trustees received no expenses. remuneration or benefits in this period. 7. Related party transactions There were no related party transactions during the period. 8. Glossary of terms Creditors: These are amounts owed by the charity, but not paid during the accounting period. Debtors: These are amounts owed to the charity, but not received in the accounting period. Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.