ST PAUL'S CHILDCARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charlty Registration No. 1175452
ST PAUL'S CHILDCARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS Page 3-5 Truslees. Annual Report Statement of Trustees responsibilities 7-8 Independent Examinerfs Report Statement of Financial Activities 10 Balan Sheèt 11-14 )tes on Accounts
St Paul's Childcare Trustees Annual Report for the year ended 31 December 2022 Objectives and Activltles The objective of St Paul's Childcare (a Charitsble Incorporated Organisation number 1175452) is the advancement of the development and education of children and young people in accordan with Christian principles and practi in such a way as the charity trustees think fit. The Charity meets the requirements of the Public Benefft provisions of the Charities Act 2011. To facilitate this St Paul's Childcare is responsible for overseeing a Breakfast Club, a Nursery and an After School Club, which are registered wtth Ofsted (Number 2509646) and has a current grading of Good. St Paul's Childcare paid rent to the PCC of Tupsley, St. Paul's Church for the hire of its facilities in orderto achieve its aims. Achlevements and Perforniance St Paul's Childcare CIO began operating on 1st April 2019 and thls report covers the year to 31st Dember 2022. Prior to that date the Childcare operated within the structure of the PCC of St Paul's (charity number 1134258). Plans for futurn The trustees are committed to ensure that there is continual improvement of the childcare setting both in terms of the infrastructure and in terms of the continued development of the skills and training of its employees. Flnancial Revlew The year to 31st December 2022 showed a surplus of £ 41,742 (2021 deficit of £24.234). The unrestricted reserves of the Charity were £99,946 (2021 £58,204) at the year end. Cash reserves stood at £100,363 (2021 £51.804) at the year end. In common with other Childcare settings, Covid has had a signfficant effect on the charity's operations for several years. Since Covid restrictions have been removed. St Paul's Childcare income has now exceeded the pre Covid period. The trustees continue to keep a tight control over the chariws costs and have kept the number of employees to at least the minimum level to ensure the correct ratios of employees to children in the setting. The trustees are also committed to ensuring that employees continue to be up to date wtth best practi and there has and will be additional investment in employee training and development.
St Paul's Childcare Trustees Annual Report for the year ended 31 December 2022 (cont.) Réserves pollcy It is the policy of St Paul's Childcare to hold in reserve the equivalent of 3 months running costs. including staff wages and rent. The trustees calculate this to be in the region of £75,000 at the year end. As at the balan sheet date the charity has reserves of approximately £25.000 in excess of this level. The trustees are happy at this stage to have reserves in excess of this level as they are concemed about the very high level of inflation in the UK economy. This inflation is expected to increase the costs that affect the charity in future years. Structure, govemance and management The method of the appointmenl of trustees Is set out in the Constitution. They are responsible for making decisions on all matters of general concem and importance to the organisation including deciding on how the funds are to be spent. Recruitment and Appointment of Trustees Trustees are recruited eitherfrom members of the PCC of St Paul's Church or because the trustee has specialist skills that are of value to the operation of the childcare setting. One of the trustees is also the current manager of the setting and is paid salary on nornal commercial terms. New trustees go through an induction process which is detemiined by the incumbent trustees to familiarise themselves with the ethics and organisation of the setting. Reference and admlnlstrativ• inforniatlon Reglstered Charfty name St Paul's Childcare Registered Charity number 1175452 RegisteredlPrlnclpal office cjo St Paul's Church. Community Centre. Church Road. Tupsley. Hereford, HR1 1 RT Govaming document CIO- Foundation Registered 30 Oct 2017 (England and Wales) Trustees Rev. Preb. N P Amistrong Mrs C Evans Mrs C Rushton Mrs R Burrow Mrs D J Hartland Mrs H J Wheadon-Grifffths Bankers Lloyds TSB Bank plc 8 High Town Hereford HR12AE
St Paul's Childcare Trustees Annual Report for the year ended 31 December 2022 (cont.) Indèpendent examiners Haines Watts Hereford Limited Chartered Atuntants 3rd Floor. Broadway House 32-35 Broad Street Hereford HR4 9AR Risk Management The Trustees continue to monitor the major risks which the charity faS and has established systems to redu those risks. Risks are reviewed at least annually. The main risks include the health and safety of clients and employees alongside the financial viabilty of the organisation. Fund raising The charity nonnally undertakes several fund-raislng activities during the year including cakes sales, sponsored walks and Christmas fares. The amount of money ralsed is immaterial in comparison with that generated pmviding childcare. All monies raised are used to provide additional items for the benefft of the children in the setting. Following the removal of Covid restrictions the charity resumed fundraising activities during 2022 and as a result raised £2.082 during th8 year. Independent Examiners Haines Watts Hereford Limited have agreed to offer themselves for re-appointment as independent examiners of the charity. On behalf of the board of Trustses Mrs D J Hartland - Chair Date ....Il . l- lo
St Paul's Childcare Trustees Annual Report for the year ended 31 Decembar 2022 (cont.) Statement of Truste8s' Responsibilities The trustees are responsible for preparing The Trustees, Annual Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice), FRS102 and the Charities SORP (FRS 102). The law applicable to chaiities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to". select suitable accounting policies and then apply them consistently; obsenie the methods and principles in the Chartties SORP (FRS 102) -second edÉtion October 2019: make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, prepare the financial statements on the going concem basis unless It is inappropriate to presume that the charity will continue in a business. The trustees are responsible for kpIng proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the thanty and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees Mrs D J Hartland. Chair of trustees.
Independent Examlnerfs Report to the Trustees of St Paul's Childcar• I report on the accounts of the charty for the year ended 31 December 2022. Respective responsibilftles of trusteès and axaminar The charitys trustees are responsible for the weparation of the accounts. The charivs trustees considerthat an audti is not required for this year under section 14412) ofthe Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to: examine the accounts under section 145 of the 2011 ACL. follow the procedures laid down in the general DireGtions given by the Charity Commission under section 1445Kb) of ts 2011 A¢L and State whether particular matters have com8 lo my att8nllon. Basls of Independent oxamlnerfs report My examination was carried out in accordance with the general Dir8ckn'ons given by the Charity Commission. An examination indudes a rewew of th8 aco)unting records kept by the charity and a comparison of the accounts presented with those records. It also includ8s consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees nMIng any such matters. The procedures undertaken do not prowde all lh8 evtdenc8 that would be required in an audit and consequently no opinion is given as to whether the accounts present a Irue and fair viebrf and the report is limited to those matters set out in the statement below. Independent oxamlnerfs statèment In connection wlth my examination, no matter has come to my attention: which gives me msonabl8 cause to believe thac in any material respecL the quiremants.. to keep accounting records In aCrdan with section 130 of th8 2011 ACL. and to prepare accounts which accord with the accounting records and comply wrth the accounting requirements of the 2011 Aci have not been met, or to vthich, In my opinion, attention should be drawn in order to enable a proper understsnding of the acrx)unts to be rea¢hed.
Name.. Sophie Powell Relevant professional qualffication or body: FCCA ON BEHALF OF HAINES WATTS HEREFORD LIMITED Charter8d Accountants 3rd Floor Broadway House 3245 Broad Street Hereford HR4 9AR 25 August 2023
St Paul's Chlldore ststoment of Flnanclal Actlvltles (Including Incomo and Expènditure Account) For th• year 0nd 31 tkc•mbor 2022 Unrostrlcted Fund Funds 2022 Funds 2021 Income from charitable &tfvities Childcare Incom8 Other Income 336,659 336.659 283.088 46.193 Total Income 339.741 339.741 329,281 Expenditure Expendibjre on charitable activitiet 297,999 297.999 353.515 Totsl expenditu 297.999 297.999 353,515 Nel incomel{expenditure) arKI net movement in lunds for the year 41.742 41.742 (24,234} Reconciliation of funds Totsi funds brought forward 82.438 Total funds carried forward l actsvitS are classed as ntinU1j The notes on pages 11 to 14 fomi part of the accounts
St Paul's Childcare Balance Sheet At 31 De¢wnber 2022 2022 2021 CUrn1 Assets Cash at bank and in hand Debtors 1(M),363 51,804 8,777 80,581 104.369 Liabilities Creditors falling due wrthin one ygar {4.4231 {2.3771 Total assets less ¢urrent liabilities 58.204 The funds of the chaiity UnrestriGted funds 12 58.204 58.204 The notgs on pages 11 to 14 forni part of these wAounts The accounts on pages 910 14 approv1 by the 9)veming body and aullK)rised for issue on and are signed on their behalf by Mr8 C Evans Mrs D J Hartland {Chalr) io
St Paufs Chlldcar• For th• yaar •nd•d 31 Dec•mbor 2022 1 A¢countlng pollcles The prindpal aLwuntlNJ a(Wed. of 8Stination lurKertainty al Ba$ of prepwation St Paul's Chi]dcare la a Charitable Org8nisaticffl (CIO) Wiste in EjIand and Wa198. Th8 financAal ststsments have kRen prw8r&J in accordm wth the Antij and Re[]r by Ch8ritses'. Statament of ReCmer1 Palc8 aFvkable to tharibes PTepaMg their )Unts in A)rdance wlth the Finanoal ReFrfxtiryJ Stan(Jard apFrfK?iAe in the UK and RaputrI of Ireland IFRS 1021, the CharStt88 2011 and the UK GerwdtyA( ActathtirvJ PrarAM%. St Paul's child¢a maèts the defin ofa pu1¢ benefft entity under FRS 102. Asts 8nd lialitieS 8re initialty rwnised at hu810al ¢))st or transacti value unth othemse st8led in tha rèbvant accthntirwj not481. The trustees con$idertho fvnd¥ avaiLabk 711 enable dwityto opwate for mc8 than cfftè Jar and on that ba8 thè iarity Is a wirvJ ccKsm. Cash resm8 have continwj to knkyvve durftYJ 222 and into 2023. Numbers of childr8n attending thè seltirwJ Irmawl in 222 KI numb8rs are h))kJNJ sIr fctho r tsrm in Saptsmtér 23. cl Income Income is rewnl8thJ thaiity has tillem to the funds. arry [rfalKe condibon attached to the itemlsl of irKThne havo teen met, it 18 [Woba that the itKome wll be recawed and the 8mr¥Jnt can be measurwl TelHtty. dl Fund a¢counting Unr93tricted funds are avarfable to SFend on actrWt that fvrther any the purw3es crfthè tharity. Dèsvjnated funds are unr8straXed furNls of the charrty the trustees hava deryded at thgir discrètion to set asKle for a purF¥)s6. Restrithj lurth are donatiorrs the domr has spe¢ifil are to uwj 8oldy fty [rtilarlw ofthè (wiVs orfor pthoJlar athitses c8rri&J out by the charity. Endo¥wnent furKl$ are rJt a¥fOr 8rrKJrvJ thy to day aLlTrlis inc4yne genera el Expenditure 8nd irreo)vfjralAe VAT Expenditure is r8C(>3niJ once tP Is a or conslnthe ObrkJ8ih to makè 8 paymanl to a third party, it 18 probab that setknent %bill rwuired the amwnt ofthe obfYJation can mo¥8ured fj AlOcatI ofSUFWt sUprt costs are those lunctions that assst %bY)rk Crf ch8rity trJt do not diTW undertake 03ts whlth 8UPF4Jrt thè itsitys 8th1t. 11
St Paul Chlldcarn Forthe ended 31 Dewnb•r 2022 gl TarKJlW fix&J assots DeprecAation 18 providgj at the fdlovriThJ annual rate5 In rthrto Tltg asset over its estwnatsd usthl lifg. Plant aThJ olher is ywar afterwr(tha5e. 33.33% sknbht ljne. h) Cash at bank arKI in hand Cash at bank and In hand indENJa8 cash arbj 8h)rtterm htrJ IKIUKI Inve8thS v•7th a sh Marity of thw mcrfth8 fX1gs5 from the d d actwisthn cff oFnI ofth8 deart or sknllar a¢cYMJnt. l) Creditors and provisions credito and provTrsions are recr4Jni88d th8 (wity has a 1xeI cdVJatk resUrvJ fr(¥n 8 past evant that wll probalhy result in the transf8r of ftjnds to a third party and the amount due to set11& the ob1J20n can be Measu or estimaiwj refw. CNlitor5 and F¥OW8K>ns arn ncrfma reccwJnlsed at their setuement amrrt after3Nr@ for 8ny tradè discwnts duè. 2 Lffj41 status of the tharlty The Charity Ss 8 Charitable InoNF4xaW Owisatim (CIO) rgJi8tered on 30 Od 2017. The Charlty started tradlro 2019. 12
St Paul's Chlldcar• 2022 2021 3 An•ly¥ls rf ather Inc<xn• FundraisirvJ Apprentica In¢entivg COronaluS JCA) Retenti Schgmè Grant Herefordshire Cnl Grant 11,180 35.013 46.193 3.082 4 Anal18 ol •xpendStvr• ¢)n charltabl• actl¥tl•# Chihjcarn 8taff cosls Rant 249.360 27.378 8.349 12,912 297.999 310,56e 26.373 6,021 10,55S 353,515 Supwt costs (Note 51 5 Support IT ebS8 o)sts Ln¢83 and Insur8fWX Office administratic Independent examlnauc Training cosis 2.697 3.573 853 3,981 1.296 852 10,555 4.317 3,052 12.912 6 Trust0 r•mun•ratlon •xpen8 During the y88r one ofthe tnjsiees. Mr3 WWTrGrfths was empk)Jryl by the (wty. Mrs Wheadon.Grifffths was emF4oJd as the s¢llirvJ marwaThJ rwed Temunwion of £31.040 for 202212021 of £26.1671. 121Y21 £1,230). All eXPerS rpltsj to the s(A& bengfft use of St Paul'$ Chiklcare. 2022 2021 Gr03s Em0yerS NatiorRI Ir ¢xtsts Redundancy costs 238.073 7.723 245.833 11,763 49,822 3,148 310.566 249,3 Staff numb•Ys 2022 2021 Nuryery. breakfast and aftw d managent aTrJ administr 15 18 18 21 13
St Pa¥ Chlldcw• 2022 8 D•bt4XS 8,777 2022 2021 9 Cr•dltor•: 4mounl falling du• in on• 2.874 1.549 4.423 Fees in advarKe 1,081 2,377 10 Relat•d rtY Tran8a¢¢ioM Tupsley. Durfrvj the year St Paul's r&ttto the PCC (1 £27,378 (2021 £22,869). Rev. Amistrong arJ Mrs Burrryw arg direc1S of St Pa$ DL¥it¥J thg JWT St Pl'S ChlhJc4 pakl rrt of £Nil (2021 £3.504) to St Paul's Scrth. 221 the rental agream•tt was terminated. At the year end the charity St Paul's PCC £N1(21 £NI) in w (A ra 11 Unrostrlct•d fiFnd¥ Inc¢m• ExP•ndIre Balanco 31 Dpcemb•r 2022 l January 2021 GTal fund 339.741 12 An8 aJBets b•tween fundts Total funds Tangible fix1 8ssets Flxed 85set investmsnts Net current aswts 13 Post lanc0 Sh••t Ewnts 14