**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**Churchstoke Little Explorers** **Reference and Administrative Details for the Year Ended 31 August 2024** **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 1 **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. Page 2 **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 Page 3 **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: 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 26 June 2025 Page 4 **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 Page 5 **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 Page 6 **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. Page 7 continued... **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. Page 8 continued... **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| |---|---| Page 9 continued... **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)**| |---|---| Page 10 continued... **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)| Page 11 continued... **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. Page 12 **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 Page 13