Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD ST PAUL'S CHILDCARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Registratlon No. 1175452
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD ST PAUL'S CHILDCARE UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 coKrEKrs Page Trustees. Annual Report Statement of Trustees responsibilities &9 Indendent Examinerfs Report 10 Statement of Financial Activrties 11 Balan Sheet 12-15 Notes on Accounts
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare Trustees Annual Report for the year ended 31 December 2024 Objectives and Activities The objective of St Paul's Childcare (a Charitable Incorporat Organisation number 1175452) is the advanrnent of the development and education of children and young people in accordance with Christian principles and Practice in such a way as the charity trustees think fft. The CharÈty meets the requirements of the Public Benefit provisions of the Chariiies Act 2011. To facilitate this St Paul's Childcare is responsible for overseeing an Early Bird Club a Nurs8ry and an After School Club, which are registered Mfjth Ofsted (Number 2509646) and has a current grading of Go(MJ. St Paul's Childcare paid rent to the PCC of Tupsley. SL Paul's Church for the hire of its facilities in order to achieve its aims. Achievements and Perforniance St Paul's Childcare CIO began operating on 1st April 2019 and this report covers the year to 31st December 2024. Prior to that date the Childcare operated within the structure of the PCC of St Paul's (charsty number 1134258). Plans for futu The trustees are committed to ensure that there is continual improvement of the childore setting both in teryns of the infrastructure and in temis of the continued development of the skills and training of its employees. Financlal Review The year to 31st December 2024 showed a sutplus of £32,213 (2023 surplus of £39,054). The unrestricted reserves of the Charity were £171,213 (2023 £139,000) at the year end. Cash reserves stood at £163,035 (2023 £130,527) at the year end. The free reserrfes of the Charity at year end were £164,874 (2023 £134.032}. In common with other Childcare settings, Covid has had a s@nrficant effect on the charitys operations for several years. sin Covid restrictions have been removed. St Paul's Childcare income has now exceeded the p Covid period. The trustees continue to keep a tight control over the charity's 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 eMployS continue to up to date with best practi and there has and will be additional investment in employee training and devek)pmenL The trustees are also mindful of the possible implications of the recent change of govemment. A number of their policies cou5d have a Signifint impact on the setting.
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare Trustees Annual Report for the year ended 31 December 2024 (cont.) Reserves policy It is the policy of St Paul's Childcare to hold in reserve the equivalent of 3 months Tunning c¢)sts. including staff wages and rent. Tr trUStS calculate this to be in the region of £96.000 at the year end. As at the balan sheet date the charity has reserves of approximately £75,0(X) in eXsS of this level. The trustees are happy at this stage to have resetves in eXS of this Sevel as they are Conrned about the level of inflation and increasing Living Wage levels also the UnrtaInty of govemment plans re provisron of wrap around care within schools This wage and cost inflation is expected to increase the costs that affect the charity in future years. The majority of the charities income (x)mes indirectty from the govemment and as such is dependent of govemment poliw. Structure, governance and management The method of the appointment of trustees is set out in the Constitution. They are responsib for making decisions on all matters of general cOnM and importan to the organisation induding deciding on how the funds are to be spent. Recruitment and Appointment of Trustees Trustees are recruited as per the nstItutIon either from members of St Paul's Church with appropriate skills who are nominated by their PCC, 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 a salary on normal commercial tetms. New trustees go through an induction prOsS vthich is detemined by the incumbent trustees. to familiarise theM1ve$ with the ethics and organisation of the setting. Reference and administratlvo information Registsred Charity nama St Paul's Childcare Registsred Charity number 1175452 R•gistsredlPrincipal office do St Paul's Church, Communty Centre, Church Road, Tupsley, Hereford. HR11 RT Goveming document Cl(> FouThlalion Registered 30 Oct 2017 (England and Wales)
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare Trustees Annual Report for the year ended 31 December 2024 (cont.) Trugt¢e8 for the year 2024: Rev. Preb. N P AnStrOng (Resigned 21st July 2024) Rev. A J Dodwell (Appointed 3 April 2025) Mrs C Evans Mrs C Rushton ( Resigned 19th November 2024) Mrs R Burrow Mrs D J Hartland (resigned 3rd April 2025) Mrs S. Lambert (Appointed 18th March 2024 Resigned 4th February2025) Mrs H J Wheadon-Grifffths Mrs A Gibbons (cMpted) (Appointed 30 September 2024) Mrs Angela Daniel (Appointed 3 April 2025) Mrs Julie Hancod( (Appointed 22 May 2025) Bankers Lloyds TSB Bank plc 8 High Town Hereford HR12AE Independent examlners Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT Risk Management The Trustees continue to monitor the major risks which the charity fa and has established systems to redu those risks. Risks are reviewed at least annually. The main risks include the tralth and safety of clients and employees alongside the firk9ncial viabilty of the organisation. Fund raising The charity normally undertakes several fund-raising activities during the year including cakes sales, sponsored walks and Christmas fares. The amount of money raised is immaterial in comparison with that generated provKling childcare. All monies raised are used to provide additional items for the benefit of the children in the setting. During the year £303 was raised from fundraising activtties (2023 £1,864).
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare Trustees Annual Report for the year ended 31 December 2024 (conL) Indepandent Examiners Hazelwood's have agreed to offer themselves for re-appointment as independent examiners of the charity. On behalf of the board of Trustees Mrs C Evans - Chair Date . i D...ioI5
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare Trustees Annual Report for the year ended 31 December 2024 (cont.) Statsment of Trustees. Responslbilities The trustees are responsible for preparirvj The Trustees. Annual Report and the financial statements in accordance with applicable law and Untted Kingdom Accounting Standards (United Kingdom Generally Accepted A¢untilvj Practice). FRS102 and the Charities SORP (FRS 102). The law applicable to ¢haritses in England arKI Wales requires the trustees to prepa financial ststemerts for each financial year which grve a true and fair view of the state of affairs of the charty 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 wlicies and then apply them consistently" observe the methods and winciples in the Charttps SORP (FRS 102) -second edition October 2019.. make judgements and 8stimates that are reaSonae and prudent; state whether applicable accountir@ starKlards have been foll¢)wed, subject to any material departures disclosed and explained in the financial statements, prepare the financial statements on the going c(xKem basis unless it is inappropriate to presume that the charity wll Contin in a business. Tha trustees are responsible for keeping Fxoper acrountirvJ records that disclose with reasonable ac¢ura¢y at any time the financial position of the ¢harity and enable them to ensure that the financial statements comply with the CharitEs Act 2011 and the Chanty (Accounts and Reports) Regulations 2CQ8. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the Fxeverrtion and detection of fraud and other irregularities. On behalf of the Trustees 6 knJ(J-¥K Mrs C Evans. Chair of ttustees. 10. £oig
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Chlldcar• INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2024 I report to the trustees (m my examination of the accounts of the St Paul's Childcare for the period end8d 31 Drnter 2024. Responsibilities and basis of report As the chartty trust, you are responsible for the preparation of the accounts in accordan with the requirements of the Chartlies A( 2011 ('the Act,). I report in resrect of my examination of the charrils accounts carried out under section 145 of the 2011 Acl and in carrwng out my examination I have followed all th8 applicable Directions given by the Chanty Commission under 145(5) (b) of the Act. Independent examiners statsment I have completed my examination. l Confirm that no material matters have come to my attention in connection with the examination giwng me cause to tlieVe that in any material respect: 1.Accounting records V•Ere not kept in restct of the Charity as required by section 130 of the Act . or 2.the accounts do not ac¢ord *ith those records". or 3.the accounts do not comply with the applicab requirements conceming the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination.
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paul's Childcare INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2024 (CONT.) I have no ¢oncems and have ¢ome 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 Martin Hovtsrd For and on behalf of Hazlewoods LLP, Statutory Auditor Windsor House Bayshill Road Cheltenham GL50 3AT 2111012025 Dale..
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Paufs Chlldcare Statement of Financial Actlvities {Including Income and Expenditurn kcount) For the year ended 31 D•cember 2024 Unf6StriGt•d Fund Total Funds 2024 Total Funds 2023 Income from charitsble a¢aivlbes Childcare InCe Other Ir¢come 413,928 3.209 413,928 3,209 )8.628 3,929 T¢)tal income 417.137 417,137 372.5S7 Expendrturo Expgnditure on charilth ¥ti 384.924 384,924 333.503 Total expenditu 384.924 384,924 333,503 Nel income and net mi>vement in furK15 for the year 32,213 32.213 39.054 Rttonciliation of funds Total funds brijught forward 139.¢ 139,LKIO 99.946 Total funds ¢xried forward 171213 171213 139000 All actNitles are classed as continuing The notes on pages 12 to 15 fomi part of the xcounts io
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Pa.$ Chlldear• B•lan¢e Sheet At 31 DecnbOr 2024 2024 Frxed Assets Tanu•e Assets 6.339 4,968 Cash at bank aThJ in haTrJ Debtors 163.035 130,527 7.242 137,769 I,074 atrA'lihe5 Cr&Jitor5 falling due vthin year io 11.2(Q) 13,73n Net rrent assets 164.874 134.032 Totsl essets legs e)Jent batilTbe8 171213 139.(MJO The futyjs Oltr I7ty Unrestricted fd$ 12 171.213 171213 139.( 139,000 The notes on pw 11 to 14 fom partofthese jnIS The aAntS on pages 9 to 14 we approvèa by the ?1vd bc¥ty and 8uth0ri8ed for issue on and a $igned on thr tehaf e"rL( Mrs C Evan$ ICh•r) li
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Pauf• ChlldG•rn 140tss on th• ccourfs Forthe •r ended 31 O•c•mbor 2024 1 Accountlng poll¢le8 Tl prinopal accountwu pokns adopted. judgements and k8y 8ourrM ofestmation lun¢ertainty in the preparation of the finanrial ststemeftt5 are as tdbx8.' al Basis of preparat St Paul's Chikjcare a Charitable Inrnrporated oaniSab"On ICIOI registerj in EnglaThJ and Wales. The financial statements have teen prepared in a¢¢orYJance vilh the AcoJJntt"ng and Reporting by ch8ritEs.' Statement ol Recomrnended Pra¢ce applw2bk to charTbes preparing their acLounts in aoran wth the Financial Reporbry StsThJard applKabbe in the VK and Republ of IreL8TrJ IFRS 1021, th• CharitEsAca 2011 and the UK G8neraltyAy)bJ Aunting pra1. St Paufs Chikjcare meets thè definitwjn of a wt tnefitentity uTrJer FRS 102. Assets and liabilities ar8 inalty rerA)gnised at historical L1 or tran8wXK)n value unss olheTh Stated the relevant 8co)unt¥ng poIKy not8(sl. bl Preparation olaecounfs on a goiry corttrn basis. The trustees COnder the fvThJs aVailae enab th8 charrty to operate for mor• than y ond on that basis the ehafity IJ a goiTrJ ¢>Jncem. Cash reswves have contmued to Thpro¥e durtng 2024 and into 2025. Number5 of chiklren attendin9 )creased in 20r3 and numbers are strong forthe new ierrn September 2025. cl Inct)me Inwme 18 recc9niJ when the char6ty has •n11knt to ttE any perfomiantè attathed to the itemlsl of incJ)me have been meL it probat4ethatlh¢ int>)me ill be r1v and the amount can be measured relk8bty. dl Fund ar£ountir¥J UnStricted fund5 are avail8bK8 to yr¥l on 8thitEs that lurthtr any ofthe purposes of the tharity. Dèsignatsd fijnds are unrestrirled fvThJs Of tharitywhi¢h the trustees have dec4ded at their discfet)n to set asKJe frir a 5P8ufic purFge. Restricted fvThls are donations whith the donor has specified are to te used scty for partkwlar ar$ of the or for parti19r arI1v"t$ carriad by ts tharrty. Endont fvnds are not availab kr SFendff¥ on day to day athitss tNJt inC•)m• rated foms part ol unrestitled inccffje. el Expenditure arKI irreco¥erable VAT Expenditure is recwnL8&J OTh there i8 8 al or wistructr (jab0n to make a payment to a third paty. rt 1$ probabkn that 8elllam8ntwll rgwirwJ and the amourrt of the oblbjation can ke mèasured reliakAy. n Alkjxlksn ofsupport eosts Support costs are Ihtrse fun¢tions that assk%t th8wowk ofth8 thaiity bui th) not direc* unilertake tharitable a¢tNrbes. Support costs Ind badt Off g)¥ts. fawrKe. persomd aThJ goveman costs $upport the charitls acbvibes. 12
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD St Pauf$ Chldcar• Notes on th• •¢couTrts Forth• ended 31 De¢emhr 2024 gl Tangible fixed assets Depreaation is prov¥Jed at th? fOlY annual rates in ortsrtOVTile off eath asset over 619 estnnated usefvl lrfe. Pknt and otlr is dBwvoiat8d frryn ts al of pwcknas•- 33.33% Straight li. h) Cash ai ba{ and In haNI Cash at bank arld hand indudes cash and St twm hi3hty IN4uiJ wi¥estm8nts wrfh a short maturity olthree rnont or les¥ from ts date of acguisthn or ¢)penvvJ ofthe ¢posrt' ¢y $Thlar acu)unt. il Creditors and pSk]n$ Cr•Yitors and prowons arE recojnised where the ehanty has a prg8ent obl)atiCfi res"n9 freffi past event that wll probabty wvlt in the tson5ferof frjnds to a third party and tr amount due to settle the oblvJation te meastsr*J or estwnated relkqbty. Crt$ and provOnS are nomialty recognised at s•tt18m8nt amount after a1rfflg fv)r any disownts due. 2 Lggal tytotu8 of the charity The Charity i8 a Chantablè Incorporaw (>gani5at#)n (Cio) wk8t•r•d on 30 O¢X 2017. The Charty started tradirvJ on 1 Awl 2019. 13
Docusign Envelope ID." 0045Cc2344464D-82cD8OC8D8gEoFD Sl huf• Chldcar• Notes on the a¢eounts For th• y•ar•nd8d 31 Deumbgr2024 2024 2023 3 Analysls of othér In¢ome Fundraisrvj Bank interest 303 2.065 3.929 3.209 4 Analyslj of expendlbJY• ¢)n ehritalth a¢ll¥lOes ChildCa staff cttsts Rent Utilty exwse8 Nursery expenses Support Costs (Nots 51 313.475 30.759 4,377 10,976 25.337 384,924 6.007 11.138 20,129 333,503 S Support eo•ts IT and tsite c03ts Licen$ and insuran Office administrth.on IndeFendent examinati Depreriation Train9 ¢0s1s 4,933 3,333 1.227 8.485 2,178 11.239 1.2LX) 4,411 2,422 20,129 25.337 6 Trnste rEmunefation and experAes During the year one of trust. Mrs WhèadofyGriffiths wa8 ern0>1 by the drty. Mr3 WheadonQriffiths was emploitd as the seth'rvj manager and received remuneration of£38,301 for 202412023 of £33.3741. During the year one tnJ$tee. Mrs Whea1rS reoNtiJ remL15M8nt ofgw¥es totalkng £3.429 12023 £2.8471. All Ihese tar exFerAts to expeTrJtyre forthe 801e benefit and use of St Paufs Chikleare. 2024 2023 7 Staff ¢ts Gross wag8S Ernpl03 National IrWran Costs Employers o)ntribub"on$ to a defined c•ntributbJn penSh Employer5 rnedical 293,531 14,338 4.675 931 313.475 257.432 5.173 286.665 Staff number¥ 2024 2023 Nur¥gry, breakfast dub and after xhool Man•Jernent arnj administrabon 15 15 18 18 No empwes ye paid ¢)w Èe4J,ci)O in the ojrrentyear or previous year. There were no redund8rK#e8 during the year12023 Nill. 14
Docusign Envelope ID." 0045Cc2344464D-B2cD8OC8D8gEoFD St Pauf• Chudu Not ¢Jn the accounts For the year •fid•d 31 L•mbgr 2024 8 Tangible fix•d ets Plant & Other Equlprnent Cost Bought fornvard Addith)ns Carried forMrd 7,452 5,782 13,234 Depre¢laon Bought forward Charge fr)r the >t Carried 10Thr{l 2,484 4.411 6,895 Net Book Vah 31 ljec 23 Net Book Vae 31 24 4,9 6.339 2024 2023 g Dobtors Trade debtors 3.039 7.242 2024 2023 10 ¢dItors.. Im4wnls falllry dug In one >ar Accruals Fees in advan 1.2CKI 2,178 1.559 3.737 1.200 11 R•lat•d Party Transa¢1141 Rèv. knstrong, Mr¥ Harfand and Mrs Burrcw arè al#0 trustees of St Paufs Churth PCC Tupsley. During the ar St Paul'5 Chtldcare paJ rent to Ihe PCC of £30.75912022 £29,564) aThJ utlffje• of £4.37712023 £ 6.0071. At the year end the tharity owwJ St Paufs PCC tNI {2022 £NII in regiA of rent and ub"ltss. 12 Unrestrlcted lunds 8alane• 1 January 2022 In¢orn• Expend Balance 31 Decemb•r 2023 G8n•ral fuTr 139.COJ 417 137 384.924 171.213 13 Anatysls of n•t ass•ts ty•twn fundB Totsl lund TangitAe fixed a55ets Fi%ad asset investments Nèt ojrrent assets 6.339 6,339 164,874 171213 164.874 171,213 14 Pt balanu Shmt Ewnts Thoro wore no svJnfficant post babn¢ ent 15