**St Giles Preschool** (Registered charity, number 1174619) **Financial statements for the year ended 31 August 2025**
|**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 2025**
**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**
Paul Wilson, Chair Maryna Bezdenezhnykh, Treasurer, from 17/06/25 Kirty Hickey Dr Rashmi Dahal, from 10/12/25 Jennifer Percival Hannah Jolly, until 15/07/25 Lesley Brown Sarah Raddon Jackson, until 27/05/25 Barnendu Pal, from 05/02/26 Jennifer Read, until 24/03/26
## **Independent examiner**
Eva Stevens, 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.
Trustees volunteer and the committee then votes to accept them on to the board. The majority of Trustees have had children attend St Giles Preschool. All Trustees are DBS checked and registered with Ofsted.
## **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 individuals holding membership of the CIO.
## **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**
To provide affordable (not for profit) childcare at the heart of the local community.
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## **St Giles Preschool**
.
## **Summary of the main achievements during the period**
- Over the past year we have provided our childcare provision to over 35 children, aged between 2 and 5. Our numbers have increased since the previous year in line with the expansion of the government funding for 2 year olds.
- Our provision has allowed 35 families, many of whom are working parents, to benefit from our flexible and affordable childcare in a small and independent setting.
- Our setting has also offered flexible employment to 5 members of staff in the community.
- Alongside our main activities, we focus on fundraising events and raising awareness in the local community.
## **Financial review**
The expansion of funded childcare has resulted in increased attendance throughout the year, leading to higher income from funded sessions. Whilst operating costs have also increased (particularly staffing costs to cover the higher attendance and national minimum wage increases) the preschool has maintained a positive financial position and generated a small surplus for the year.
The Trustees have also continued to review internal processes and monitor expenditure carefully to support the preschool's long-term sustainability.
## **Financial risks**
- Our childcare numbers fluctuate greatly once the children are old enough to attend school – this poses a financial risk during the early months of the school term (September to November).
- In addition, the majority of our costs are staff cost related, therefore the increase to national wage continues to be a risk to the setting.
## **The charity’s policy on reserves**
As per our agreement as an educational setting, we must ensure we have a term's worth of reserves, to ensure we can we can continue trading to the end of the school term. The majority of this is staff related salary costs (including pension payments as required).
As such we aim to have at least 3 months’ worth of salary costs as our reserve.
Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ Paul Wilson, Chair
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## **Independent examiner’s report to the trustees of St Giles Preschool for the year ended 31 August 2025**
I report to the trustees on my examination of the accounts of St Giles Preschool (the charity) for the year ended 31 August 2025.
## **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:
1. 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 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 ______________________ Eva Stevens BSc, CPFA Employee of Community Accounting Plus
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## **St Giles Preschool Receipts & payments account for the year ended 31 August 2025**
|_2024_
£
**Receipts**
1950
Sundry grants & donations
49377
Funded sessions
25362
Non funded sessions
6904
Fundraising
-
Sundry receipts
83593
**Total receipts**
**Payments**
42
Advertising
78
Bank charges
241
Entertaining
259
Equipment, repairs & renewals
853
Food & drink
211
Fundraising costs
641
Insurance
2244
Legal & professional
110
Office & general admin
308
Printing, postage & stationery
9149
Rent
333
Resources
105
Telephone
24
Training
48252
Wages, NI & pensions
62850
**Total payments**
20743
**Net receipts/(payments)**
14598
Cash funds at start of this period
35341
**Cash funds at end of this period**|**_2025_**
**£**
247
68197
29377
2396
3|
|---|---|
||**100220**|
||-
61
345
489
949
717
772
2228
1
250
15281
1542
95
466
62220|
||**85416**|
||**14804**
35341|
||**50145**|
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## **St Giles Preschool Statement of assets and liabilities at 31 August 2025**
**----- Start of picture text -----**
2024 2025
£ Cash assets Note £
35341 Bank accounts 50145
35341 50145
Other monetary assets
766 Debtors - HMRC -
402 Prepayments 2 397
1168 397
Assets retained for the charity’s own use
General equipment.
Liabilities
(735) Creditors 3 (1191)
(735) (1191)
**----- End of picture text -----**
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ Dated ___________ Maryna Bezdenezhnykh, Trustee
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## **St Giles Preschool Notes to the accounts for the year ended 31 August 2025**
## **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. Prepayments**
|Insurance
Legal & professional
**Creditors**
Independent examination
Credit card - Food & drink
Wages, NI & pensions||**£**
257
140
**397**
**£**
720
25
446|
|---|---|---|
||||
||||
|||**1191**|
## **3. Creditors**
## **4. Trustees’ remuneration**
Trustees received no expenses, remuneration or benefits in this period.
## **5. Related party transactions**
There were no related party transactions during the period.
## **6. 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.
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