ST PAUL'S CHIU)CARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Charfty R•gl8tratlon No. 1175452
8T PAUL'S CHILDCARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENT8 Tru8te88' Arn1 R•port StsIant of Tru8to88 re8pon8lbllld88 Indep*ent Examlnerf8 Report Statement of Flnandal ActfvlU88 BalarKX Shoot 10 11.14 Note8 on Accounts
St Paul'8 Chlldcarn Trust8 Annual Report for the year ended 31 Docember 2023 ObJ•ctlv•8 and Actlvltl•s The objective of St Paul's Childcare (a Charltable Incorporatwj Organi88tlon number 1175452) Is the advartsment of the devek)pm8nt and educatlon of children 8nd young people in accordance wlth ChrfstSan prfnclplas practlce In such a way a8 the tharity trustees thlnk fft. The Charfty meot8 the r8qulrem8nts of the Publ1¢ Ber provlsions of the Charrtles Act 2011. To facllitate this St Paul's Chlldcare18 rgsponsible for overB8elng a Breakfast Club, a Nursery and an After School Club. whlch are registered Ofsted (Number2509646) and has a current grdding of Got)d. St Paul's Childcare paid rent to Ihe PCC of Tupsley, St. Paul'8 Church for the hlre of its facilitles in order to achleve Its alms. Achlevements and P•rfornian¢• St Paul's Childcare CIO began operating on 1 st April 2019 arKI thls report covers the year to 31st December 2023. Prior to that date the Childcare operated wlthin the structure of the PCC of St Paul'8 (charlty number 1134258). Plans for futur• The tru8tee8 are committed to ensure that there 15 continual Improvement of the childcare setting both In temis of the infrastructure and in tenns of the nts'nUed development of the skills and training of ts employees. Flnanclal R•vlew The year to 31st December 2023 showed a surplus of £39.054 (2022 surplu8 of £41.742). The unr8Strfcted reseNes of the Charfty were £139,000 (2022 £99,946) at the year end. Cash resepi8S Stood at £130,527 (2022 £100.363) at the year erKI. In Common with other Childcare seth'ngs, Covid has had a slgnrfwnt effect on the charity's operations for several years. Slnce Covid restrictions have been removed, St Paul's Childcare income has now exceeded the pre Covid perfod. The trustees continue to keep a tight control over the charlty's costs and have kept the number of employees to at least the minimum level to ensure the o)rrect ratios of empk)ye8s to chlldren In the setting. The trustees are 8180 1x)mm1tt8d to ensuring that employee8 continue to be up to date with best practlce and ther6 has and will be additional Investment In empk)ye8 training and development. The trustees are al80 mlndful of the possible Impllcalk)ns of the recent change of govemment. A number of their polices UkI have a slgnfficant impact on the setting.
St Paul's Chlldcar• Trustees Annual Roport for tho year Onded 31 D•comb•r 2023 (cont.) R••0rvo• pollcy It is the pollcy of St Paul'8 Chlldcare to trId in re88rve the equlvalent of 3 months runnlng u)sls, IncludiNJ staff wage8 and rent. The trustees calculate thls to be In the reglon of £85.000 at the year end. As at the balance sheet date the charlty has reserve8 of approximately £49,000 In ex83 of this level, trustees are happy at th18 8tage to have res8r4es In 8xces8 of th18 level as they are concerned about the level of Inflatlon and increasing Llvlng Wage levels. Thls wage and cost Inflatlon 18 expect8d to Increa88 the cx)sts that affect the charfty In future year8. 8truetur•i gov•rnanc• and manag•m•nt The method of the appolntment of trustee8 18 set out In the Con8tliutlon. They are responslble for maklng declslons on all matters of general concem arKI Importance to the org8nlsallon Including deckllng on kM)w the fund8 ar¢ to be spent. R•crultm•nt and Appolntm•nt of Tru8t••• Trustees are recruited either from members of the PCC of St Paul's Church or because the trustee ha8 8peclall8t sklll8 that are of value to the operation of the childcare setting. One of the trust8es18 a180 Ihe current manager of the 8ettino and 18 P81d a salary on normal commerclal tem18, New tw8tee8 go through an Sr)ductk)n proce88 whSch18 detemilned by the incumbent trustees to famlllar18e them88lve8 wlth th8 ethlcs and organSsatlon of thé $8ttlng. R•hr•nrA Ind •dmlnl•traUv• Infomi•tlon R•gl8t•r•d Charfty nam• St Paul'8 Chlldcare Regl8t•r•d Charlty numb•r 1175452 R•gl4t•r•dlPrln¢lpal offlc• Glo St Paul's Church, Communlty Centr8, Church Road, Tup8ley. Hereford, HR11 RT Gov•rnlng docurn•nt CICk Foundatlon Regl8t8red 30 Oct 2017 {EnglarKI and Wale8) Tru•t••• Rev. Preb. N P Arni8trong Mrs C Evan8 Mr3 C Ru8hton Mrs R Burrow Mr8 D J Hartland Mrs H J Wheadon-Grffffth8 8ank•rn Lloyds TSB Bank plc 8 Hlgh Town Hereford HR12AE
St Paul's Chlldcare Tru8tee8 Annual Roport for the year ended 31 Decamb•r 2023 (conL) Ind•p•nd•nl oxamln•rs Cooper Parry Adthry Limit&J CU80 BirniirYJham 3rd Floor T) Chambertaln Square BlrmiNJham West MKlland$ Rlsk Managomont The Trustees (x)rrtlnue to nx)niior the mah)r rlsks whk* th8 tharity faces arxl has estab1istd systems to reduce those rl8ks. Rlsks are revlffrted at least annually. Th8 main risks irtlLKde 1th and Safety of dients arttj abThJskle the finandal 8b11 of the organisatDn. Fund rnlslng The charity rK)nnally uTrJ8rtakes several lund-r8tsl acOvlfje8 durlng the year includirvJ cakes sales. Sponr&I walks arKJ Christsnas fares. The amount of money raised is immaterial In (x)mparison with that generated prDVKlitvJ thlldcare. All monle8 raised are used to prode additional item8 for the b8nefft of the chlldren n tha settlng. ring the year £1.864 was rdlsed from furKlral8lrKJ athilies (2022 £2.082). Ind•p•nd•nt Examln•r4 Coop8r Parry AdSory Limlted have agreed to offer thern for PIntrn8nt as irKIepKIent examiners of the tharity. On b•hall of th• board of Trust• Mrs D J HartIal - Clwlr
St Paul's Chlldcare Trust883 Annual Report for tho year endod 31 Decombor 2023 {cont.) Stat•m•nt of TnMto98' R•8pon3lbllltl•s The trustees are resp)nslble for preparlng The Trustee8' Annual Report ar fin8nclal statements In accordance vAth appllcabla law and Unlted Klngdom Accountlng StarKJards (United Kingdom Generally Accepted Accountlng Practlce), FRS102 and the Charities SORP (FRS 102). law applicable to charltle8 In ENJland aThJ Wales requires the trustee8 to prepare financial statements for each financial year which glve a twe and falr view of the state of affairs of the charlty and of it8 inGomlng re80urras and application of resources of the charfty for thal p&riod. In preparing these flnancial 8talements, the tnjstees are required to: Select sutsble 8ccountlng po15cl88 and than apply them cx)nsistently; observe the methods and princlples in the Charltles SORP (FRS 102) -8ecorKI editlon October 2019; mak8 Judgaments arKI estlmates that are rea80nable and prudenl: State whether appllcable accountlng standards have been folbwed, subject to any materlal departures dlsclosad arKI explained In the financlal ststements, prepar8 the financlal 8tatements on the going concern bas18 unless It 18 inappropriate to presume that the charity 11 contlnue In a bu81ne&8. The trustees are re8ponslble for k8eping proper accounting records that d18close wrth reasonable auraCY at any tfme the financlal position of the charity and enable them to ensure that the financial ststements comply wtth the Charitses Act 2011 and the Charlty (Accounts aThl Reports) Reguiation8 2008. They ar8 also re8ponsib18 for safeguardlro the asset8 of the charity and hence for taking reasonable steps for the prevantion 8rKI det8Cllon of fraud arKI other IrregularitleB. On b•half of th• TnMt••• Mr8 D J Hartland. Chalr of tru8tee8.
St Paul's Childcare Independent Examiner's Reporl to the Trustees of St Paul's Childcare for the year ended 31 December 2023 I report on the accounts of the charity for the year ended 31 December 2023 which are set oul on pages 9 to 14. Responslbllltles and basls of report As the charity's Iruslees you are responsible lor Ihe preparation of the accounts in accordance with the requirements ol Ihe Charities Act 2011 I'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 01 the Act and in carrying out my examination I have followed all the applicable Directions given by the Charily Commission under section 14515llb) of the Act. Independent examln6r'8 Statement I have completed my examination. I confirm that no malerial mattars have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 01 the Act; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the lorm and content of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that Ihe accounts give a 'lrue and fair view, which is not a malter considered as part of an independenl examination. 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 ol the accounts to be reached.
St Paul's Childcare Independent Examiner's Report to Ihe Trustees of St Paul's Childcare for the year ended 31 December 2023 (cont.) 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. Name.. Antonia S1th Institute of Chartered Accountanls in England and Wales (ICAEW) - ACA ON BEHALF OF COOPER PARRY ADVISORY LIMrrED CUBO Birmingham 3r(1 Floor Two Chanl)erl&n Square Birmingham West Midlands B3 3AX Date..
8t Paul'• Chlld¢nrn St•t•m•nt F1nwKI *tt¥ltl•# (Includlng Incom• •nd Exp•ndltur• knount) For th• y•w •nd•d 31 D•v•mlw 2023 Unrn•trl¢Al T•)t•l Fund Fund• 2023 Tothl Fund• 2022 Irwm• Irom ch•rtt•bl• Actlvlu Chlldcar• In(Thi• Othr IrK¢rn• 388.828 3,929 388.e28 33e.859 3.929 Total IrKom• Expendttur• Expondllur• <>n tYwlW• acbNAtt 333,503 333.503 297,999 Totol •xp•ndhurn N•1 InD)m•ll•xwndllur•} ond not mov•m•nt In lunds fof tho 39.054 39,064 41.742 Re¢orKlllallon olfunds Totsl lund8 h110r•1 Total furKl• ¢wrl•d f¢ryMrd 139 AN athllej Ofe dagwj cmunulnp Tho Mt•• on papo8 1110 14 fomi part of Iho a(%¥nts
81 Pauf8 Chlld(xn 8alanc• Sh••t At 31 D•e•mb•r2023 2023 2022 Flxed A15 T8ntyble A8*t8 Ajrrwrt A888ts Cash al bank arKI In hgrKI 130,527 7.242 137,709 100.383 Llabllmles c0d1t015 fallhw duo wthln on6 104,3 io 13,737) {4.423) Tot41 aiB•ts ¢ymnl Ikgblltsg8 The furth ofthg cha Urn8trhXwJ fuTrls 12 The r18$ pag08 11 to 14 fo part ofthese a(Vnts Tho acix>unts on paggs 9 to 14 we approv•d by tho govemlng W and auth&l•ed fof ISS on arn Sigrj on Ihelr b8haW by Mrs C Evan8 Mr8 D J Haruand (Chalr> 13.1.2cJ24 io
St Paul's Childcarè Not•s on th• ¢ntS For th¢ y•ar ended 31 D•c•mber 2023 1 kcountlng polieie¥ The pyincipal acxxjunbng policies ath>pted. judgements arvj key sour5 of e$brnajn luncertainty in the preparth.on of lh8 financaal slalements are as Idlos'. al Basis of preparabc St Paul's Childcare ia 8 Charitable IrthrpxYate(l Organtsabon ICIOI registered in Erynd and Wales. The financial statements have been prepared in ac£ordance Wh the Ants"n9 and Rep)rtir by Charthes.. Slalement ol Recrynrnended Pracke applicable io charities preparing Iheir aco)Ltnts in accordanix with Ihe Financ4al Repvbro StsThJard applicable in the UK aThJ Republ ol Ireland IFRS 1021, the Charrbes Act 2011 and Ihe UK Generally kngpted Aco)unb"ng Prace. St Paul's Childcare meets the definits.on ofa wblic benefft enlty under FRS 102. Assets aThJ li8tylities are inthlly rwnised at histori1 cost or trans value unS otherwse statad in the levant cwnthng pc4w note(sl. bl Ppara.0 ol acCcntS a g¢irwJ C(tern basis. The twstees (x)n%der the lunds awailae wll enaiAe the thanty to Drate for rnore than one year and on Ihat basis Ihe charity is a Ing rx)rrn. Cash reserves have continued to improve during 2023 and into 2024. Numbers ofchildren atteNling Ihe settiNJ Ireased in 23 arnj nlunters are kx)king strcng for the n tsnn in septerntr 2024. cl Incc¥ne Income is nised vthen charity has enknjernent lo the furvjs. any performan condibons attached to the rternlsl of Inccyne have tw) mel il is rKobable that lh8 irKxJme wll L recwved and the amunt can be Measu ly. dl Fund acCntir Unrestricted lunds are avaikNe to on activthes thal further any of Ihe purposes of th8 charity. Desnatj funds a Unrestric hJn¢Js of Ihe Charity the trustees have ¢Jeci( at their diren to set askye for a specthc purF¢)se. Restri¢Xed fvnds a (Jnations whh the donor has $ed are to b8 used soldy f(x parbcular areas of the chartys th or f(x partKJJlar activities carried out by the charity. En(knwrnent funds ar8 not avaikble lor spendirKJ on d8y to day aclM"b"es bui inrne genated forms part of unrestsict8d irwne. e) ExFendItU irrecoverable VAT Expenditure is cOgnised once there Is a legal oi CA)rtruC11¥e obIKJats.L to make a payment tts a third paty. rt is prc*)aL4e thal setUemÈnt 111 be requir anKJunt of th¢ rA)IvJatw can t measured reliabty. fj Allocation of SUPFMYt cosls Support costs are Ihc6e functiS that assist the th ol the charty tsjt do not 1CY undertake chantable activibes. Support costs inclLKle back office ts. finance. rSOnnel and wvematKe costs %thich support the tharitys xbvibe5.
st PJUS'S Childear• Not•s on th• accounts For the year ended 31 December 2023 gl Tangible fixed assets Depreciation 15 provided at the following annual rates in order to wrile off each asset over ils estimated useful life. Plant and olher equipment is d8preci8ted from Ihe ypar of purchase- 33.33% straight line. hl Cash at bank and in hand Cash at bank and In hand includ85 C8$h and short term highly liquid investments ¥th a short rn8tLJrity ol the rnonths or s$ from th8 date of 8CqUi5ilion or opening ol the deposit or similar account. il Creditors and provisions Creditors and provisi$ are recognised where the tharty ha5 8 present obligation resulting Irom past event that will prob8tJy resutt in the transfer of funds to 8 third party and ts amount due to setue the obligation can be measured or e$'Mated liaY. Creditors and promsjons a normally rocLyJnised * their settlement amount after allowirrtJ for any trade diso)unts due. 2 Legal ststus of tho ¢harity The Charity is a Charitsble Incorporated Organisation ICIOI registered on 30 Oct 2017. The Charity started trading on 1 April 2019. 12
St Paul's Childcarè Notss on thè o¢¢ounts Forth8 ar •ndod 31 D•cember 2023 2023 2022 3 Analysis of other InM• Fundraising Bank Inte$t Apprenti InntiVe 2,082 2.065 1.000 3,082 3.929 4 Jnalysls of expenditure on charttabl• activltl•s childea staff costs Rent Utility expenses Nursery expenses Support (xjsts (Note 51 266,665 29,564 6.CQ7 11.138 20,129 333,503 249,360 27.378 8,349 12.912 297,999 5 support costs IT and website costs Licences and insurance Office administral'on Repairs and renewals Ind8pendent examination Depreciation Training o)sts 3,333 1,227 3.159 5,326 2.178 2.484 2,422 20.129 2.697 866 4,317 t.980 3.052 12,912 6 Tru$t8•s remun•ration and exp•ns•s During the year one of th8 trustees. Mrs Wheadon-Griffths was grnployed by the charty. Mrs Wheadon-Griffiths was employed as the $8tbng manager and received remuneration of £33.374 lor 202212022 of £31,040). During the year one truste8. Mrs Wheadon-Griffiths rec&ved reimbursrnent of expenses totalliry £2.847 12022 £2,465). All these re-lmbursed expenses related to expenditure for the sol¢ benefit and use ol St Paul's Childcare. 7 Staff costs Gr055 wages Em0yerS Nats'onal Insurance costs Employers contributions to a defined contribution pension schem 2023 2022 257,432 5.173 4,060 266,665 238,073 7.723 3,564 249.360 Staff numbers 2023 2022 Nursery, bakfast club and after school dub Management 8nd administration 15 15 18 18 No employees were paid over £60.0 in the current year or previous year. 13
St P4ul'ty Chlldcar• Not•$ on the accounts For th• y•ar end•d 31 D•cOmr 2023 8 T4nqlbl• flxéd o••0ts Plant & Oth•r Equlpm•nt Co•t Additions Carn8d f¢)rward 7.452 7,452 D•pr•clatlon Charg? for the year Carried lorward 2.484 2.484 Net Book Value 31 Dec 22 N6t Book Val¢Je 31 D8c 23 4,968 2023 2022 Dobtor• Trado doblors 7,242 2023 2022 10 Crgdllorn.. amount• falllng du• In on• y•ar Accruals F¢•$ in advanc6 2.178 1.559 2,874 1,549 11 Rol•t•d Party Tran*a¢tlon• R. Amslrong, Mrs Hartland 8nd Mrs Burrow are also tru51eeB ol St Paul's Church PCC Tup¥ley. During thtr year Sl Paul's Childcare paid rent to the PCC tsf £29,56412022 £27,378) gnd ub'lrtieB of £6,00712022 Nil), At the yr ond Ihe charity owod Sl Paul'6 PCC £Nil12022 £Nill In respecl ol r•nt and utilitieB. 12 Unr•strld•d lund• Balane• l January 2022 Incom• Exp•ndltur• Balanc• 31 Decembgr 2023 General lund 99,946 372,557 333.503 139,000 13 An¥ly¥ls of n•t as•ot• botw••n fundi Unreslrlctod funds Total Tangl& fixed assets Fixed asset investments Net current assets 4,968 4.968 134,032 139,000 134.032 139.000 14 Po•t balance Sh••t Events Therè w8re no sNJnificant post balance sheet èvents. 14