2021-08-31-accounts - St Giles Preschool

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St Giles Preschool (Registered charity, number 1174619) Financial statements for the year ended 31 August 2021

Page	Contents
2 - 3	Trustees’ annual report
4	Independent examiner’s report
5	Receipts & payments account
6	Statement of assets & liabilities
7	Notes to the accounts

St Giles Preschool Trustees’ annual report for the year ended 31 August 2021

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/Treasurer Hannah Jolly, from 21/12/21 Lesley Brown Esther Hamilton Shobana Nammalvar Charlotte Fullam Rani Karim, until 12/07/21 Sarah McNamara, until 12/07/21 Stacey Sheret, until 12/07/21

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.

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.

St Giles Preschool

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'.

Summary of the main activities undertaken for the public benefit

Promoting care and safety, health and wellbeing amongst pre-school children. We provide services to support and nurture them and their families.

Summary of the main achievements during the period

The preschool was mainly operating at full capacity for 2020/2021, despite the disruption of Covid-19. We also employed a new manager who took over the role fully in September 2021.

The charity’s policy on reserves

In terms of reserves our aim is to have 2-3 months running costs in the bank, which reflects the £17,000-£20,000 we usually have.

Signed on behalf of the charity’s trustees:

Signed ______ Date _ Lisa Marshall, Trustee

Independent examiner’s report to the trustees of St Giles Preschool for the year ended 31 August 2021

I report to the trustees on my examination of the accounts of St Giles Preschool (the charity) for the year ended 31 August 2021.

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
the accounts do not accord with those records.

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.

Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus

St Giles Preschool Receipts & payments account for the year ended 31 August 2021

2020 £ Note Receipts 4559 Grants & donations 2 53855 Funded sessions 17374 Non funded sessions 816 Fundraising 82 Sundry receipts 76686 Total receipts Payments - Advertising 135 Cleaning 1013 Equipment, repairs & renewals 608 Food & drink 640 Gifts & donations 440 Insurance 1962 Legal & professional 132 Office & general admin 434 Printing, postage & stationery 7977 Rent 1490 Resources 175 Telephone 456 Training 50258 Wages & NI 65720 Total payments 10966 Net receipts/(payments) 19780 Cash funds at start of this period 30746 Cash funds at end of this period	*2021* £ 1862 33566 24814 715 -
	60957
	133 156 908 823 830 499 2353 31 346 7972 1246 50 285 56200
	71832
	(10875) 30746
	19871

St Giles Preschool Statement of assets and liabilities at 31 August 2021

2020 £ Cash assets Note 30716 Bank accounts 30 Cash in hand 30746 Other monetary assets 117 Debtors 256 Prepayments 3 373 Assets retained for the charity’s own use General equipment. Liabilities (540) Creditors 4 (540)	*2021* £ 19871 -
	19871
	- 386
	386
	(635)
	(635)

These financial statements are accepted on behalf of the charity by:

Signed _____ Dated _____ Charlotte Fullam, Trustee

St Giles Preschool Notes to the accounts for the year ended 31 August 2021

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 Prepayments Insurance Legal & professional	£ 1656 206 1862 £ 172 214
	386

3. Prepayments

4. Creditors

Creditors
Independent examination Legal & professional Non funded sessions Wages & NI (HMRC)	£ 552 30 22 31
	635

5. Trustees’ remuneration

During this period, a total of £500 was paid to one trustee for services provided as Treasurer, as agreed with the Charity Commission.

6. Related party transactions

There were no related party transactions during the period.

7. 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.