REGISTERED CHARITY NUMBER: 1177411 Report of the Trust•es and Unaudited Financial Ststwnents for the Year Ended 31 August 2024 St Gwynans Pre School Salisbury & Company Chartered Acts)untants Irish Square UpFer DenbKJh Road St Asaph Oenbighshire LL17 ORN
St Gwynans Pre S¢hool Contents of the Financtal StatemèTts for the year ended 31 August 2024 Page Chairper3on's R•p)rt Report of the Tntstees Independent Examinerfs Report Statement of Financial Activitses Balance Sheet Notes to the Financial Ststements 6 to 10 Detai5ed Statsmènt of Financial Athitses 11
St Gwynan's PChool Chairperson's Report for the yèar ènded 31 August 2024 The registered body for thè Pre-sthool is the efecled committee who make any major deusions relating to the running of the group. with the day-ttrday decisions being rnade by the Playgroup Leader, Marie Pa<knam and Deputy Leader. Katy Broadbent. Je&%1 Davies. Stephanie Tharme and Nicola Jones are Playgroup Assistants and we have one relf staff member, Nicola Hamn. We are members of 'Early Yeats Wales, who provide gui¢JanGe and advi. The gr(MJP is registered wrth CIW (ca Inspe&orate Wdles) and also reNe inspections from Estyn. Our registratB)n allows foi a maximum of 26 children session. The running costs of the group have primarity been met by fees rg2tved. ItudIng the .30 Hour Childcare Offer., 10 hour fvnding and FlAY Start. together with grants, donations and fundraising_ It was necessary to increase the session costs in September 2023 aThJ they are ajrrentty £12.50 per sessw)n with lunch club an additional £8.001£3.00 of whi¢h is paid to the sthool as the canteen staff provide the lurthl. The Living Wage rosè to £11.44 per hour in April 2024 fN811 staff on minimum wage. 18 children moved up to ftjll time sthool in September 2023. At the slart of the temi we had 21 thildren registered," 18 started Septemtr 2023, with 2 due to start in October and 1 in January 2024.. by June 224 tlwe were 28 thildren registered. with 21 attending on Wednesdays. There are 10 children tnoving up to fvll time school in September 2024. All polKaes have been reviewed in 8¢x0rdan with the regulations. We pwiousty had a membership with the Toy Library for an annual fee of £30. whid) was a useful ¥esoury,' however. ttss lIty dosed in November2023. All staff 8re DBS checked in line wrth legiStatKJn. Staff continue to attend training courses for their professional devek)pmenL induding tnarKlatory course such as. Child Prote¢tion, Food Safety, First etc. Al staff have recentty completed safeguarding training to the coriect level for the new requirements that [Tre into effect in November. Marie has completed Levd 3 and 4 in Makaton and Katy completed LevÈl 3. Stephanie and Nicola have completed a 10 week Elkjan course lan accredited training organisation offering speech and language training). Stephanie has also eornpleted Level 2 in Chikl¢zre. LeamirKJ, Play and fkve1opmI and is working on Level 3. with Jes8iC2 due to commence Level 3 in September and Nicola Jones is oJrrently worknng on Level 2. We were very fortunate to be awardeil a Small CaiNtal Grant from Corpwy Earty Years Education and Childcare Team, which enabled us to purchase Iwo shetters for the outd(x)r area attathed to un¢. Pre-school pua5&y a kitthen to Ènstalled in one shetter and 8 grant from Flying Start covered the other fumishings. The Small Capital Grant will also allow us to replaGe the bark and cary out any nece&fjary repairs to the play at the top of Ihe playground and it is envisaged that thts will be completed during the Summer holKlay5. Our closed Facebook pa9e remains very Fx)pular and the majorrty of parentskxrer5 joining {membershtp is MoVed On the child has left the pre-schoo4. It has proved to be a useful tool in notifying parents of any nths and events ardIng the Pr&SChl, and for keeping parentslcarers informed of the actWTties that the d)ildren are doing daty. An additnal open Facebook page has been sèt up to advertise events elc to the wider community. bui this wll not indude individual pi(*ures of the children_ However, a video to show the setting has been produced which indudes sorne ofthe children and approval for this was gwen by the paientsl carers. We would like to thank Salisbury's forth&r WiSlan and completing our yeaf end acr[nts Page I
St Gwynans Pre School Report of the Tnjstees fr•rthe year ended 31 August 2024 The tnjstees present their report wrth the financial stalement5 of the charity for th year ended 31 August 2024. The trustees have adopted the provisions of Accwnting and Rem"ng by Charibes.. Statement of Recnmmended Practi applicable to charities preparing their accounts in accr)rdan with the Financ¥al Reporting Standard applicable in the UK and Republic of Irdand {FRS 1021 leffectNe 1 January 20191. FINANCIAL REVIV Reserves policy It is the vièw of the Tnjstees that s¢Jffiryent reserves shoulj be maintsined to enable our charitable activities t(> continue for at 8st trIee months. This would in our vwrf prDvMle SLrffia"ent ty.me for all thcse that rely on our services to find replacement support serviS should a worst case scAnario ocojr and the organtsa".ion is continuing in its aim lo reath this goal. STRUCTURE. GOVERNANCE AND MANAGEMENT Structure. Governance and Trustees The Charity is a Charitable Incorporated Organistath)n ICIOI wrth and assoothn Goveming tkKxJmenL This was registered on 18 June 2018. The Trustees serving during the year are wilhin this tel and all treS go through an induction process. The ttusiees meet sever81 times a year and each matt¢r is deternr by a majority of votes of the Irustees prèsent at the meeting. providing that a Quonjm are preserrt_ REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity numbèr 1177411 Principal addres5 Early Years Unrt frfsgol Capelulo} Treforris Road Dwygyfylthi Penmaenmawr Conwy LL34 6RA Tntee5 Ms F Brown IsE9ned 2315r24) Ms C Hamon Mr S Kennedy {Teggned 2315r24) Ms R Williams Ms C Walker-JonÈs Ms M Dobrohorska (resi9d 2315r24) MrBJones Ms H Gnffin Ms N Davies-NoL4n Ms E Mcmanus lapFK)inted 2311or231 Independent Examiner Salisbury & Company Chartered Acwuntants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 ORN 1310312025 Approved by order of the board of trustees on ................................ . aThJ signed on its behalf by.. Tnjstee Page I
Independent Examinerfs Report to the TrustÈÈs of St Gwynan5 Pre School IndepetKlent examine¢s reportto the trLtstees of St Gwynans Pre School I report to the (tsnty trusttts on my examinati of the arounts of St Gwynan5 Pre Sthool (the Ttustl for the year ended 31 August 2024. Responsibilriies ar basis of report As the charity trustees of the Tnjst you are tesFonsble ts the prèparation of the a¢Unts in accordance the requirements of the chanb.es Aca 2011 Cthe Arf). I report in respect ef my examination of the Trusfs aoxunts carried out under Section 145 of the Act and in carwng out my examination I have followed all appliLzbl¢ Directions gwen by the Chatity Commission under Sectson 14515llb) of the Act. Independènt èxaminerfs ststement I have completed my examination. I confim that no material matters have (ne to my attention in o)nnection with the examination giving me (xuse to believe that in a¥)y material respect-. acojunting re¢or<ls were kept Tri respe¢A of the Tntst as wuiray by SedK*n 130 of the ACL or the accounts do not accord wrth those records," or the accounts do not ojmpty with the applicable wuirements conceming the form and content of acwunts set out in the Charities (Accounts and Reports) Regutab"ons 2ry38 other than any rUirement that the aUnts gwe a tDJe and fair vwl which is not a malter considered as part of an iTrJependent exarrtination. I have no concems and have come a(xoss no other matters In czjnnection with the examination to which attention should be drawn in this report in order to enable a proper understarKling of the accounts to be reached. Aled Roberts Salisbury & Company Chartered Ac(x)untants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 ORN Date.. Page 3
ststèmènt of Financial Activities for the year ended 31 August 2024 2024 Total fvnds 2023 Total funds Unrestricted fvnd fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1.749 1,749 2.056 Other Iradtng arthe$ Investrnent income 65,754 751 83,410 135 Totsl 67,797 85,601 EXPENDITURE ON Raising fvnds 764 764 Charitable activtties Playgroup Additional support Emergency funding for thildr2re fci Ukrainian chiloren 71.OX) 767 71.797 1.375 10,729 54,233 Totsl 71.794 2.142 73.936 64,982 NET INCOMEIIEXPENDITUREI (3,99n (5.3881 20,639 RECONCIUATION OF FUNDS Total funds brought forward 70,122 1,391 71.513 $0,874 TOTAL FUNDS CARRIED FORWARD 66,125 66.125 71,513 The notes form part of these financial statements Page 4
St Gwynans Pre Seh<>ol Balance Sheet 31 August 2024 2024 Total fuThJs 2023 Total nds Unrestricaed Restricted fiJnd fvnd Notes FIXED ASSETS Tangible assets 1.104 1.104 767 CURRENT ASSETS Cash at bank and in hartd 65,428 65,428 CREDITORS Amounts falling due wihin one year 1407) 1407) {1.7531 NET CURRENT ASSETS &5.021 65,021 70.746 TOTAL ASSETS LESS CURRENT UABIUTIES 66.125 66.125 71,513 NET ASSETS e6.125 66.125 71.513 FUNDS Unrestricted fijnds Restricted funds 10 66.125 70,122 1,391 TOTAL FUNDS 88,125 71,513 The finanual ststements were approved by Board of Trustees a¥Jthorised for issue on . 13103125..................... and We signed on rts behalfty". Trustee The rM)tes fom) part ofthese finan(ial statements Page S
St Gwynans Pre School Notès to the Financial Statements for the year ended 31 August 2024 ACCOUNTING POUCIES Basi5 of preparing the financial ststèments The finanaal statements of the charity. which is a publi¢ benefft entity unde". FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accountiro and Rep)Tbng by Chartties.. Statement of Recommended practi appli<2ble to tharities preparing their accounts in accordance wf(h the Finanoal Reporting Standard applicable in the UK and Republ of Irdand IFRS 1021 IAffÈcbve 1 January 20191., Financial Reporting Standard 102 Tr Financial Reporting Standard applicable in the JK and Republic of Ireland, and the Charitiès Act 2011. The ffinanoal statements have been prepared underthe h 5torical ca)st cnnvention. Preparation of the accounts on a gotng ¢oncem basks After making enquiries. the Trustees have a Teasonable exrÉrtatron that the Charrty has adequate resources to continue rts artivth.es for the fr)reseeable future. Accordingly. they continue ".0 adopt the going COnM basis in preparing the ffinanual statements. There are no malerial urwtainties casb.ng doubt on gosng cortsm. In¢ome Ail income is in the stalétrnt of Finan¢ial Ad]v"eS orre the thaity has entiuement to the funds, it is probable that the ino)me V1] be re¢e¥ved and the aTnount can be rneasu¥ed reliabty. Expenditurè abilities are recognised as expenditu as 50un as there is a legal or ccistnJctNe obli9ation commitling the tharity to that expendTiure. rt is probable that a transfer of economic benefi".s wll be reqUId in settlement ènd the amount of the obligation can be rneasu lb- Expendrture is ac(Lunted for on an accxuals basis and has been dassrfied under headings th aggregate all (x)St related to thE C2tegory. Where costs cannot be diredy attributed to pa.lIar headtng5 they have been a11cted lo 8thibes on a bass o)nsi8tent wth the use of resources. Tangible fixed assèts Depreaation is provided at the followng annua] res in order to vrtite off eacn asset over its eslimated usefvl life. Equipment 33% on wst Taxation The charity is exemptfrorn tax on rts (aritatye aLINrf¥es. Fund accounting Unrestricted funds Lan be used in accordartce wtth the charitable objectives 2t the discxet¢on of the trustees. Resthrted fuThJs can only be used for parti(yJlar restricted purpose5 Within the objects of the drity. Restri&ions arise when SFwfied by the donor or when funds are raised for parb(aJlar 1Cted purposes. Further explanation ofthe nalure and purpose of eath fvnd is induded Èn the notes to the financ4al statements. Hire purchase and leasing ¢ommitynents Rentals paid under operab.ng leases are tharged to the Stmenl of Finanial Activities on a straight line basis over Ihe Friod ofthe lease. Pension costs and other poSt-tireMerrt benefrts The charity operates a definéd contribufion pension stheme. conlribubc payab to the Charity's pension scheme are d)arged to Statemenl of Finanoal Attmbes in period to which they relate. OTHER TRADING ACTMTIES 2024 2023 Fundraising events Fees re(zived Flying art Earfy education ftjnding 333 43.334 6.169 16.669 1,531 1.262 14.933 66.505 83.410 Page 6 conbnued...
Notes to the Financial Statements- continued forthe year ended 31 August 2024 INVESTMENT INCOME 2024 2023 Inte$1 Incorne 294 135 RAISING FUNDS Investsnent managernent tts 2024 2023 Propety repairs 764 TRUSTEES. REMUNERATEON AND BENEFITS There were no trustees, remuneration ot ther beneffts forthe year ended 31 JguSt 2024 nor ft)r the year ended 31 August 2023. TrustÈes' expense There were no 31 August 2023. tnJstees' expenses paid for Ihe year ended 31 Augus12024 r¥)r for the year ended STAFF COSTS The average monthty nurnber of employees durir#J the yearwas as follows." Teaching and supeNiOn 2024 2023 No employees emoluments tn excess of£60.. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNrriES UnTestri(x&Y fund Restricted fund Totsl funds INCOME AND ENDOWMENTS FROM tlonations and legacies 2.0 2.056 Othèr trading aetiv&ties Investment income 72.769 135 10,641 83.410 135 Total 74, 10.641 85,601 EXPENDITURE ON Charitable aetivities Playgroup AdditionJ gjpport Emergenry fvnding forcht1¢*a for Ukrainian children 7.498 (7.9091 3,231 7,909 10.729 53,0&3 1.200 54.233 Total 52.622 12.340 NET INCOMEIIEXPENDITUREI {1,699) 20.639 RECONCILIATION OF FUNDS Total funds brought foNvard 47,783 3,091 50.874 TOTAL FUNDS CARRIED FORWARD 70,121 1.392 71.513 Page continued...
St Gwynans Pre Sthool Notes to ts Financial Ststements- ¢ontinued for the year ended 31 AugLtst 2024 TANGIBLE FIXED ASSErs Equipment COST At 1 Septèmber 2023 Addtiions 6.872 1.522 At 31 August 2024 8.394 DEPRECIAnoN At 1 September 2023 Charge for year 6.105 1,185 At 31 August 2(Y24 7,290 NET BOOKVALUE At 31 August 2024 1.104 At 31 August 2023 767 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and socaal secAJnty Other uedrtors 323 153 407 1.753 io. MOVEMENT IN FUNDS Net movernent in fvnds At 3118r24 AI 1W23 Unrestricted frjrtds General fund 70.1L 13.99n 68,125 Restricted funds Conwy Borough Council {1,391} TOTAL FUNDS 71.S1.3 5,3881 66.125 Net movement in fvnds, induded in the at¥)ve are as f1¥$". Incomiri resourc Resources expended Movement in funds Unrestricted funds General fvnd 67.797 (71.794} 13.99n Restricted funds Conwy Borgh Cou1 751 12.1421 11,3911 TOTAL FUNDS 68.548 3.936 5,3881 Page 8 conb"nued...
Notes to the Financial Ststernents - continued for tht ytar ended 31 August 2024 10. MOVEMENT IN FUNDS- continLwI Comparatives for movement in funds Net movement in funds At 119r22 3118r23 Unrestricted fvnds Gener31 fund 47.783 70.122 Restricted funds Conwy Borough CourKiI 3.091 11,71JOI 1,391 TOTAL FUNDS 50.874 20,639 71,513 Comparative net rTK)vement in fvnds, induded in the aL¥)ve a as follows.. IrKgming Resources expended Movement in funds Unrestricted funds General fund 74, (52.6211 22,339 Restrietsd fvnds Corwy Borch Courol 10.641 112,341) 11.7001 TOTAL FUNDS 85.601 64.962) 20,639 A ojrrent year 12 rTK)nths and prior year 12 nJ)nths combined is as fclbws: Net movemènt in fvnds Al 119r22 3118r24 untrICd funds General fund 47.783 18.342 86.125 Restricted funds Conwy Borwgh Courol 3.091 {3.091) TOTAL FUNDS 50,874 15.251 66,125 A ojrrent year 12 months and prior year 12 months combined net movement in fijnds, induded in thè above 8re as fdlows.. Incoming ResouTf£5 expended Movement in fvnds Unrtstricted funds General fund 142.757 1124,415) 18,342 Restricted funds Conwy Borough Courril 11,392 114.483) (3,0911 TOTAL FUNDS 154.149 (138,898 15.251 Page 9 fA)ntinued...
St Gwynans Pre Schoo] Notes to the Financial Ststemerts- ¢ontinuÈd for the year ended 31 Au9U5t 2024 RELATED PARTY DISCLOSURES There were no related paty transath.ons for the year ended 31 August 2024 cr 31 Augusl 2023. Page 10
St Gwynans Pre School Detailed Ststement of Financial Activities forthe year ended 31 August 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Gifts and donations Grants 311 1,438 718 1.338 1.749 2,056 Other trading activiliÈs Fundraising events Fees Ceived Flwng start Early education funding 333 43.334 6,169 16,669 1.531 65,S84 1,262 14.933 83,410 Investment income Interest In¢orne 135 Total incoming resources 85.601 EXPENDITURE Invesknlent management costs Property repairs 764 Charitabl¢ activities Wages Pensions Other operating leases Insuran Telephone Sundries Equipment Purchases Account8ncy 58.022 610 3.956 434 1.716 778 3.374 2.077 1.020 53.843 490 1,600 419 3.263 3.153 71.987 62,768 Support costs Finance Computer equipment 1.185 2.194 Total reStsurs expended 73,936 64.962 Net {expenditure}fincome 20.639 This page does not fom part of ts statutory finarKa& statements Page 11