**REGISTERED CHARITY NUMBER: 1194438**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2022 for School House Day Care**
Market Place Accounting Services The Old Bank 21 Market Place Long Buckby Northampton NN6 7RR
## **School House Day Care Contents of the Financial Statements for the Year Ended 31 May 2022**
||Page|
|---|---|
|Report of the Trustees|1-4|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-8|
|Accountants Report|9|
## **School House Day Care Report of the Trustees for the Year Ended 31 May 2022**
The trustees present their report with the financial statements of the charity for the year ended 31[st] May 2022. The trustees have adopted the provisions of the Statement of Recommended Practice, Financial Reporting Standard for Smaller Entities (SORP FRSSE, effective 1[st] January 2015).
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1194438
## **Principal address**
School House Day Care The Green Northampton NN6 8EH
## **Trustees**
Mrs Charlotte Horn Mrs Josie Thomas Mr Colin Wood
## **RECRUITMENT AND APPOINTMENT OF TRUSTEES**
Since starting School House Day Care we have the same Trustees as started working really well with supporting the Business. Offering a lot of time towards the support and running many events to gain income for new purchases at the daycare.
Trustees receive monthly newsletters of what's going on. We hold annual meetings to discuss the year of where we are at, any changes or anything new to discuss regarding policies and procedures. Trustees are contacted to discuss new staff to join our team.
## **TRUSTEE INDUCTION AND TRAINING**
The Charity Commission issues guidance and advice concerning the efficient and effective running of a charity. This also includes legal requirements. During meetings, new trustees are made aware of the latest guidance
## **RISK MANAGEMENT**
The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **ORGANISATION STRUCTURE**
Serving trustees are listed on page 1.
Trustees are appointed by the Board of Trustees. The Trustees meet regularly to review ongoing projects and matters of policy and strategy.
1
**School House Day Care Report of the Trustees - continued for the Year Ended 31 May 2022**
## **OBJECTIVES, ACTIVITIES AND ACHIEVEMENTS**
The Trust's objectives for 2022/2023 were and are:
- To communicate the aims and objectives of the Charity to a wider audience of potential beneficiaries.
- To broaden the scope of outer areas to enrol children.
- To develop and fund more projects.
The main activities during the year were:
- Held numerous Trustees' meetings as planned – both in person and via Teams.
- Making schools all around the local area advertise all of our hours and clubs and what we have to offer.
- Making sure all staff in the building have gained level 3 in paediatric first aid.
## The achievements and performance during the year were:
- Provided funds from the local Steam rally helped us achieve the target to build a new outside protected area so children and parents are able to enjoy the outside in all weathers.
- Trustees have continued discussions with companies, industry bodies and others to identify future activities and charity events. A healthy pipeline of contacts and prospects exists for development of new projects in 2023 which we will all enjoy supporting to build the charity.
## **FINANCIAL REVIEW**
The financial activity of the Charity is detailed in the statements included.
The Charity has developed an investment policy and invested part of its funds to generate income. The sponsorship of activities has been funded from income and reserves, in line with the Objectives and Investment Policy.
## **INVESTMENT POLICY**
As set out in the Trust Deeds, there are no restrictions on the charity’s power of investment. The investment strategy is set by the trustees to take account of its Investment from generating many events and supporting it with investing in many new projects with funds made to make School House a better place for all children
## **RESERVES POLICY**
It is the current policy of the trustees to maintain or increase the value of the capital fund over time, recognising that there will inevitably be fluctuations from changing investment yields, and varying annual expenditure on individual strands of support, particularly as new initiatives are evaluated. The trustees have agreed to using reserves if necessary, to support the planned expenditure.
## **PLANS FOR FUTURE PERIODS**
During 2023 the trustees will seek to:
- Identify at least one new Grant from a local organisation.
- Maintain an active pipeline of new projects.
- Maintain or increase the level of beneficiary funding.
- Recruit one additional trustee.
- Monitor and review the investment policy.
- Develop the website content to raise the profile of the Charity to a wider audience.
- Strengthen and broaden trustee personal contacts through site visits, presentations.
2
**School House Day Care Report of the Trustees - continued for the Year Ended 31 May 2022**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on Wednesday 12th April 2023 and signed on its behalf by
**Mrs Charlotte Horn Mrs Josie Thomas Mr Colin Wood TRUSTEES**
3
## **School House Day Care Statement of Financial Activities for the Year Ended 31 May 2022**
|Notes
2
3
**PROFITS ON INVESTMENTS**
**NET MOVEMENT OF FUNDS IN YEAR**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Donations
**Governance costs**
**Total resources expended**
**NET (OUTGOING)/INCOMING RESOURCES**
**INCOMING RESOURCES**
**Incoming resources from generated**
**funds**
Grants and donations
Sales|2022
£
500
25,997|
|---|---|
||26,497
10
68,565|
||68,575|
||-
(42,078)
-
(42,078)|
||(42,078)|
The notes form part of these financial statements
4
## **School House Day Care Balance Sheet As at 31 May 2022**
|Notes
5
6
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**
**FIXED ASSETS**
Cash at bank
**CURRENT ASSETS**
Debtors
**CREDITORS**
Amounts falling due within one year
**NET CURRENT LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET LIABILITIES**|2022
454
2,091
£
2,265|
|---|---|
||4,356
46,888|
||(42,532)|
||(42,078)|
||(42,078)|
||(42,078)|
||(42,078)|
The financial statements were approved by the Board of Trustees on Wednesday 12 April 2023 and were signed on its behalf by:
## **Mrs Charlotte Horn Mrs Josie Thomas Mr Colin Wood TRUSTEES**
The notes form part of these financial statements
5
**School House Day Care Notes to the Financial Activities for the Year Ended 31 May 2022**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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 CHARITABLE ACTIVITIES**
2022 £ Donations 10
6
## **School House Day Care Notes to the Financial Activities for the Year Ended 31 May 2022**
## **3 GOVERNANCE COSTS**
|School trips
Supplies - food
Accountancy
Advertising
Cleaning
Electricity
Fuel (Motor)
Gardening
Gas
Insurance
IT Related costs
Pension costs
Phone costs
Printing, postage and stationery
Professional services
Rent
Repairs and renewals
Room hire
Staff training
Subscriptions
Nursery items/toys
Travel
Uniform
Wages and salaries
Depreciation of IT equipment|1,549
480
3,060
2022
£
214
36,708
114
108
1,745
320
240
610
1,170
1,854
4,544
215
1,462
346
403
897
32
3,908
1,000
6,665
3
918|
|---|---|
||68,565|
## **4 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 .
## **Trustees' expenses**
|Trustees' expenses|-
2022
£|
|---|---|
There were no trustees' expenses paid for the year ended 31 May 2022.
7
## **School House Day Care Notes to the Financial Activities for the Year Ended 31 May 2022**
## **5 FIXED ASSETS**
|**FIXED ASSETS**||
|---|---|
|**Cost**
Additions
Disposals
As at 31 May 2022
**Depreciation**
Provided during the period
Disposals
As at 31 May 2022
**Net Book Value**
As at 31 May 2022|Total
568
-
£|
||568|
||114
-|
||114|
|||
||454|
## **6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
Other Tax and Socila Security|2022
£
294
46,594|
|---|---|
||46,888|
8
## **School House Day Care Accountants’ Report to the Trustees on the unaudited Financial Statements of School House Day Care**
As described in the Trustees’ Report you are responsible for the preparation of the financial statements for the year ended 31 May 2022 set out on pages 1 to 8, and you consider that the fund is exempt from audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Market Place Accounting Services The Old Bank 21 Market Place Long Buckby Northampton NN6 7RR
Date: 12 April 2023
9