REGISTERED CHARITY NUMBER: 1188877
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 August 2024
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 2024
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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13
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Churchstoke Little Explorers
Reference and Administrative Details for the Year Ended 31 August 2024
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TRUSTEES V Iovu (appointed 16.11.23)
A Clark (appointed 16.11.23)
K Thomas (appointed 16.11.23)
R Jones
G Palmer (resigned 1.9.23)
S Davies (appointed 1.1.25)
R J Sherriff (appointed 1.1.25)
A Bell (appointed 1.1.25)
PRINCIPAL ADDRESS Churchstoke C P School
Churchstoke
Montgomery
Powys
SY15 6AA
REGISTERED CHARITY NUMBER 1188877
INDEPENDENT EXAMINER Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY
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Churchstoke Little Explorers
Report of the Trustees for the Year Ended 31 August 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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 deficit for the year of £2,161 (2023: £760 surplus), and reserves now stand at £13,436 (2023: £15,597).
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.
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Churchstoke Little Explorers
Report of the Trustees for the Year Ended 31 August 2024
Approved by order of the board of trustees on 26 June 2025 and signed on its behalf by:
R Jones - Trustee
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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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
26 June 2025
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Churchstoke Little Explorers
Statement of Financial Activities for the Year Ended 31 August 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Nursery Other trading activities 3 |
31.8.24 31.8.23 Unrestricted Total fund funds £ £ 213 101 77,563 77,115 3,244 16 |
|---|---|
| Total | 81,020 77,232 |
| EXPENDITURE ON Charitable activities 5 Nursery |
83,181 76,472 |
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
(2,161) 760 15,597 14,837 |
| TOTAL FUNDS CARRIED FORWARD | 13,436 15,597 |
The notes form part of these financial statements
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Churchstoke Little Explorers
Balance Sheet 31 August 2024
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 |
31.8.24 31.8.23 Unrestricted Total fund funds £ £ 2,831 - 10,711 16,281 (106) (684) |
|---|---|
| NET CURRENT ASSETS | 10,605 15,597 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
13,436 15,597 |
| NET ASSETS | 13,436 15,597 |
| FUNDS 11 Unrestricted funds |
13,436 15,597 |
| TOTAL FUNDS | 13,436 15,597 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2025 and were signed on its behalf by:
R Jones - Trustee
The notes form part of these financial statements
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Churchstoke Little Explorers
Notes to the Financial Statements for the Year Ended 31 August 2024
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 25% on cost
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.
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
| 2. DONATIONS AND LEGACIES Donations |
31.8.24 31.8.23 £ £ 213 101 |
|---|---|
| 3. OTHER TRADING ACTIVITIES Fundraising events |
31.8.24 31.8.23 £ £ 3,244 16 |
| 4. INCOME FROM CHARITABLE ACTIVITIES Activity Local Authority Funding Nursery Fees Nursery Grants Nursery |
31.8.24 31.8.23 £ £ 40,582 39,938 36,981 34,177 - 3,000 |
| 77,563 77,115 |
|
| Grants received, included in the above, are as follows: Training |
31.8.24 31.8.23 £ £ - 3,000 |
| 5. CHARITABLE ACTIVITIES COSTS Direct Costs £ Nursery 81,177 |
Support costs Totals £ £ 2,004 83,181 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.24 31.8.23 6 6 Unrestricted fund £ 101 77,115 16 77,232 76,472 760 14,837 15,597 |
|---|---|
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
9. TANGIBLE FIXED ASSETS
| COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 August 2024 At 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 |
Computer equipment £ 3,775 944 2,831 - 31.8.24 31.8.23 £ £ 524 175 (1,325) (193) 907 702 106 684 Net movement At At 1.9.23 in funds 31.8.24 £ £ £ 15,597 (2,161) 13,436 15,597 (2,161) 13,436 Incoming Resources Movement resources expended in funds £ £ £ 81,020 (83,181) (2,161) 81,020 (83,181) (2,161) |
|---|---|
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.22 £ Unrestricted funds General fund 14,837 |
Net movement in funds £ 760 |
At 31.8.23 £ 15,597 |
|---|---|---|
| TOTAL FUNDS 14,837 |
760 | 15,597 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 77,232 |
Resources expended £ (76,472) |
Movement in funds £ 760 |
| TOTAL FUNDS 77,232 |
(76,472) | 760 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.22 in funds £ £ 14,837 (1,401) 14,837 (1,401) |
At 31.8.24 £ 13,436 13,436 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 158,252 (159,653) |
Movement in funds £ (1,401) |
|---|---|---|
| TOTAL FUNDS | 158,252 (159,653) |
(1,401) |
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
12. RELATED PARTY DISCLOSURES
Fees amounting to £3,823 were paid by 4 trustees in relation to 7 children in the year.
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Churchstoke Little Explorers
Detailed Statement of Financial Activities for the Year Ended 31 August 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Charitable activities Local Authority Funding Fees Grants |
31.8.24 31.8.23 £ £ 213 101 3,244 16 40,582 39,938 36,981 34,177 - 3,000 |
|---|---|
| 77,563 77,115 |
|
| Total incoming resources EXPENDITURE Charitable activities Wages Insurance Sundries Equipment & Consumables Refreshments Activities Subscriptions & Accreditation Fund Raising Rent Training |
81,020 77,232 62,006 53,221 260 174 210 346 5,577 8,907 1,468 1,635 2,694 1,883 101 44 76 - 8,785 8,859 - 376 |
| Support costs Information technology Computer equipment Governance costs Accountancy and legal fees |
81,177 75,445 944 - 1,060 1,027 |
| Total resources expended | 83,181 76,472 |
| Net (expenditure)/income | (2,161) 760 |
This page does not form part of the statutory financial statements
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