**REGISTERED CHARITY NUMBER: 1188877**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2023**
## **for**
## **Churchstoke Little Explorers**
Morgan Griffiths LLP Chartered Accountants Cross Chambers
9 High Street Newtown Powys SY16 2NY
**Churchstoke Little Explorers Contents of the Financial Statements for the Year Ended 31 August 2023**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**||2||
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
**Churchstoke Little Explorers**
**Reference and Administrative Details for the Year Ended 31 August 2023**
|**TRUSTEES**|V Iovu (appointed 16.11.23)|
|---|---|
||A Clark (appointed 16.11.23)|
||K Thomas (appointed 16.11.23)|
||R Jones (appointed 1.6.23)|
||G Palmer|
|**PRINCIPAL ADDRESS**|Churchstoke C P School|
||Churchstoke|
||Montgomery|
||Powys|
||SY15 6AA|
|**REGISTERED CHARITY**|1188877|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Morgan Griffiths LLP|
||Chartered Accountants|
||Cross Chambers|
||9 High Street|
||Newtown|
||Powys|
||SY16 2NY|
Page 1
**Churchstoke Little Explorers**
**Report of the Trustees for the Year Ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To provide childcare for 2-4 year olds and after school club for primary school age children.
Vision - Happy and independent, curious explorers.
We aim to achieve this by providing a preschool childcare service for the local community as well as offering after school care for primary age children.
## **Public benefit**
The trustees have had regard to the Charity Commission's guidance on public benefit when exercising any powers or duties to which the guidance is relevant.
## **Volunteers**
Many hours of time donated by committee members.
## **ACHIEVEMENT AND PERFORMANCE**
We have continued to provide child care for the local community.
Opening extended hours for preschool and after school to fit around working patterns of parents/guardians.
## **FINANCIAL REVIEW**
## **Financial position**
The statement of Financial Activities show a surplus for the year of £760 (2022: £1,355 deficit), and reserves now stand at £15,597 (2022: £14,837).
## **Reserves policy**
All reserves are currently unrestricted free reserves. Our aim is to build up reserves sufficient to cover 6 months operating costs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document (constitution), and constitutes a charitable incorporated organisation (CIO).
The Board has the power to appoint additional trustees as it considers fit to do so.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 28 June 2024 and signed on its behalf by:
R Jones - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Churchstoke Little Explorers**
## **Independent examiner's report to the trustees of Churchstoke Little Explorers**
I report to the charity trustees on my examination of the accounts of Churchstoke Little Explorers (the Trust) for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent 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 of the accounts to be reached.
Thomas Landers BA FCA
Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY
28 June 2024
Page 3
**Churchstoke Little Explorers**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|||**31.8.23**|31.8.22|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**fund**|funds|
||Notes|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|2|**101**|165|
|**Charitable activities**|4|||
|Nursery||**77,115**|59,356|
|Other trading activities|3|**16**|997|
|**Total**||**77,232**|60,518|
|**EXPENDITURE ON**||||
|**Charitable activities**|5|||
|Nursery||**76,472**|61,873|
|**NET INCOME/(EXPENDITURE)**||**760**|(1,355)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||**14,837**|16,192|
|**TOTAL FUNDS CARRIED FORWARD**||**15,597**|14,837|
The notes form part of these financial statements
Page 4
**Churchstoke Little Explorers**
## **Balance Sheet 31 August 2023**
|**31.8.23**
**Unrestricted**
**fund**
Notes
**£**
**CURRENT ASSETS**
Debtors
9
**-**
Cash at bank and in hand
**16,281**
**16,281**
**CREDITORS**
Amounts falling due within one year
10
**(684)**
**NET CURRENT ASSETS**
**15,597**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**15,597**
**NET ASSETS**
**15,597**
**FUNDS**
11
Unrestricted funds
**15,597**
**TOTAL FUNDS**
**15,597**|31.8.22
Total
funds
£
479
14,665
15,144
(307)
14,837
14,837
14,837
14,837
14,837|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2024 and were signed on its behalf by:
R Jones - Trustee
The notes form part of these financial statements
Page 5
**Churchstoke Little Explorers Notes to the Financial Statements for the Year Ended 31 August 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||**31.8.23**|31.8.22|
||**£**|£|
|Donations|**101**|165|
Page 6
continued...
**Churchstoke Little Explorers**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **3. OTHER TRADING ACTIVITIES**
|Fundraising events
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Local Authority Funding
Nursery
Fees
Nursery
Other
Nursery
Grants
Nursery
Grants received, included in the above, are as follows:
Training
Covid
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Nursery
**75,445**|**31.8.23**
**£**
**16**
**31.8.23**
**£**
**39,938**
**34,177**
**-**
**3,000**
**77,115**
**31.8.23**
**£**
**3,000**
**-**
**3,000**
Support
costs
£
**1,027**|31.8.22
£
997
31.8.22
£
33,846
18,480
1,070
5,960|
|---|---|---|
|||59,356|
|||31.8.22
£
3,000
2,960
5,960
Totals
£
**76,472**|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Page 7
continued...
**Churchstoke Little Explorers**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **7. STAFF COSTS**
|The average monthly number of employees during the year was as follows:
Nursery
No employees received emoluments in excess of £60,000.
**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Nursery
Other trading activities
**Total**
**EXPENDITURE ON**
**Charitable activities**
Nursery
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors|**31.8.23**
31.8.22
**6**
6
Unrestricted
fund
£
165
59,356
997
60,518
61,873
(1,355)
16,192
14,837
**31.8.23**
31.8.22
**£**
£
**-**
479|
|---|---|
Page 8
continued...
**Churchstoke Little Explorers**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Taxation and social security
Other creditors
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**31.8.23**
31.8.22
**£**
£
**175**
307
**(193)**
-
**702**
-
**684**
307
Net
movement
At
At 1.9.22
in funds
31.8.23
£
£
£
**14,837**
**760**
**15,597**
**14,837**
**760**
**15,597**
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**77,232**
**(76,472)**
**760**
**77,232**
**(76,472)**
**760**
Net
movement
At
At 1.9.21
in funds
31.8.22
£
£
£
16,192
(1,355)
14,837
16,192
(1,355)
14,837|31.8.22
£
307
-
-
307
At
31.8.23
£
**15,597**|
|---|---|---|
|||**15,597**|
|||**760**|
|||At
31.8.22
£
14,837|
|||14,837|
Page 9
continued...
**Churchstoke Little Explorers**
**Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
60,518
(61,873)
(1,355)
60,518
(61,873)
(1,355)|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
60,518
(61,873)
(1,355)
60,518
(61,873)
(1,355)|
|---|---|---|
|||(1,355)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.9.21
in funds
£
£
16,192
(595)
16,192
(595)|At
31.8.23
£
15,597|
|---|---|---|
|||15,597|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|137,750|(138,345)|(595)|
|**TOTAL FUNDS**|137,750|(138,345)|(595)|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023.
Page 10