2022-08-31-accounts - St Giles Preschool

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St Giles Preschool (Registered charity, number 1174619) Financial statements for the year ended 31 August 2022

Page	Contents
2 - 3	Trustees’ annual report
4	Independent examiner’s report
5	Receipts & payments account
6	Statement of assets & liabilities
7 - 8	Notes to the accounts

St Giles Preschool Trustees’ annual report for the year ended 31 August 2022

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 Lesley Brown Esther Hamilton Charlotte Fullam Shobana Nammalvar, until 01/10/22

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 on social media. Regular emails are sent to parents inviting them to get involved.

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 has a re-vamp during this period; fresh paint, cleared out old toys and books and replaced with new. New equipment and planters were installed in the garden so that the children can spend more time outdoors developing physical skills.

Financial review

We are using up some of our reserve funds due to a lack of new families moving to the area. However, we have and are currently holding a lot of fundraising events within the local community.

The charity’s policy on reserves

In terms of reserves our aim is to have 2-3 months running costs in the bank. Due to low numbers, rent and the lack of government funding we have gone below our reserve level.

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 2022

I report to the trustees on my examination of the accounts of St Giles Preschool (the charity) for the year ended 31 August 2022.

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 2022

2021 £ Note Receipts 1862 Grants & donations 2 33566 Funded sessions 24814 Non funded sessions 715 Fundraising 60957 Total receipts Payments 133 Advertising - Bank charges 156 Cleaning 908 Equipment, repairs & renewals 823 Food & drink 830 Gifts & donations 499 Insurance 2353 Legal & professional 31 Office & general admin 346 Printing, postage & stationery 7972 Rent 1246 Resources - Sundry payments 50 Telephone 285 Training 56200 Wages & NI 71832 Total payments (10875) Net receipts/(payments) 30746 Cash funds at start of this period 19871 Cash funds at end of this period	*2022* £ 342 35812 22999 410
	59563
	110 37 149 1071 978 486 573 4071 404 98 15538 373 35 10 - 49930
	73863
	(14300) 19871
	5571

St Giles Preschool Statement of assets and liabilities at 31 August 2022

2021 £ Cash assets Note 19871 Bank accounts - Cash in hand 19871 Other monetary assets - Debtors - Employment Allowance to be claimed 386 Prepayments 3 386 Assets retained for the charity’s own use General equipment. Liabilities (635) Creditors 4 - Advance receipts 5 (635)	*2022* £ 5571 -
	5571
	502 336
	838
	(1259) (3394)
	(4653)

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 2022

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

Coronavirus Statutory Sick Pay Rebate Scheme Sundry donations	£ 193 149
	342

3. Prepayments

Insurance Legal & professional Creditors Independent examination Wages & NI (HMRC) Wages & NI (pension) Advance receipts Funded session Non funded sessions	£ 198 138
	336
	£ 552 618 89
	1259
	£ 3023 371
	3394

4. Creditors

5. Advance receipts

6. Trustees’ remuneration

During this period, a total of £2500 was paid to one trustee for services provided as Treasurer, as agreed with the Charity Commission.

7. Related party transactions

There were no related party transactions during the period.

St Giles Preschool

8. Glossary of terms

Advance receipts: These are amounts received by the charity in the accounting period, for use in a future period.

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.