## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE PERIOD FROM 24 MARCH 2023 TO 31 AUGUST 2023**
## **FOR**
**HOLY TRINITY PRE-SCHOOL**
Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA
**HOLY TRINITY PRE-SCHOOL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 11|
|**Detailed Statement of Financial Activities**|12 to 13|
## **HOLY TRINITY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
The trustees present their report with the financial statements of the charity for the period from 24 March 2023 to 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**
This is a New CIO taking over from the Holy Trinity Pre-School registered Charity number 1028810.
In 2023 the new Holy Trinity Pre-School (CIO) registered Charity Number 1201685 was created to take over the charity formerly known as Holy Trinity Pre-School registered Charity Number 1028810.
The CIO was formed to provide pre-school education for under 5s.
The governing document is the PPA Playgroup Constitution 1992 which was adopted 24 September 1993. In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
## **CHILDREN**
At March 2023 59 children were enrolled at the school of which 22 left in July 2023.
## **SETTING**
One third of the children are classed as EAL (English as Additional Language) Tapestry continues to benefit parental relationships, especially through the pandemic. Supervisions and appraisals continue at 3 month intervals. A voluntary snack charge continues on a termly basis of £5 per child.
We linked with a Peer Support Program lead by LCC. This allowed us to liaise with a local outstanding setting and get advice on how we could possibly improve practice. Sunflower lodge visited our setting and all of our staff went to visit theirs. This support came with a £500 grant to go towards our improvements. The money was spent to utilise our outside area more.
From April SM has been doing weekly training to support staff in how to implement effective activities and opportunities to expand communication and language, physical and social and emotional development. This training gave the preschool £800 to spend on resources.
## **RESERVES**
Holy Trinity Pre-School reviews and monitors the level of reserves held on a regular basis. Funds consisting of £50,160 of fixed assets and £89,644 of bank balances were introduced from the previous charity. Reserves at the year end were £125,901.
## **RESPONSIBILITIES**
The Board of Trustees are responsible for ensuring that the Trust’s resources are managed responsibly, and that we act in the best interests of the Trust. The Board has responsibility for approving and monitoring the implementation of this Policy.
## **LAWS AND REGULATIONS**
As a registered charity, the Trust is required to meet relevant legal and regulatory requirements and has a duty to apply charitable funds within a reasonable period of time in pursuing its objectives.
Page 1
## **HOLY TRINITY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
This Policy sets out the framework the Trust has in place to confirm the level of reserves the Trustees have determined is appropriate for the Trust, and draws upon guidance such as the Charities Commission's CC19.
## **FUTURE PLANS**
As this past year has seen our popularity grow, we look forward to expanding our intake over the next year. As times change within the working world, we will need to evaluate our opening times. Although we expanded to 8am-4pm we have children moving to other settings as we do not open long enough to compete with full day care settings.
With this being said our numbers of children attending the setting are higher than they have been since before the Covid pandemic.
With the introduction of 2 year funding for working parents in April 2024, we will need to assess our current spaces and see if we can up our intake for 2 year olds.
Projects to further develop the setting will be considered by the Trustees and implemented where possible. This will enable the setting to continue its excellent reputation. The support from the parents, staff, trustees and the church are very much appreciated and form part of the success of Holy Trinity Preschool.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The organisation is a Charitable Incorporated Organisation (CIO) registered on 24 March 2023.
The organisation is governed by a constitution.
The members of the Executive Committee are the Trustees for the purpose of charity law and are collectively referred to as the Trustees.
The Trustees have had due regards to guidance distributed by the Charity Commission on public benefit.
The Trustees who served during the period and up to the date of this report are set out elsewhere in this report.
The Trustees are put up for re-election every year at the Annual General Meeting. Any casual vacancies can be filled by co-option.
The Trustees are involved in the day to day management of the charity. Executive Committee meetings are held monthly through the year.
## **Requirement for Audit**
There is no requirement in the constitution for the accounts to be audited. The Charities Act 2011 obliges the Trustees to have the financial statements independently examined. A copy of the examiner's report is attached to the accounts.
Page 2
## **HOLY TRINITY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES**
## **FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity number** 1201685
## **Registered office**
Holy Trinity Pre-School Holy Trinity Church Hall Spilsby Road Boston Lincs PE21 9NS
## **Trustees**
Chloe Dunn - Chairperson Sophie Gaish - Secretary Sally Milford – Manager Laura Beasley Laura Forbes
## **Independent Examiner**
Mrs Nicola Michelle Lenton F.C.C.A. Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 November 2023 and signed on the board's behalf by:
……………………………………….
## **CHLOE DUNN (CHAIRPERSON)**
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY PRE-SCHOOL**
## **Independent examiner's report to the trustees of Holy Trinity Pre-School ('the Company')**
I report to the charity trustees on my examination of the accounts of Holy Trinity Pre-School (the trust) for the period from 24 March 2023 to 31 August 2023.
## **Responsibilities and basis of report**
As the charity's 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 as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I can confirm that I am qualified to undertake the examination because I am a registered member of F.C.C.A. which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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 accounting requirements concerning the form and content of the 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mrs Nicola Michelle Lenton F.C.C.A.
**Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA**
## **27 November 2023**
Page 4
## **HOLY TRINITY PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
|Notes
**INCOME FROM**
Donations and Legacies
2
**Charitable Activities**
Charitable activities
3
**Total**
**EXPENDITURE ON**
**Charitable Activities**
Charitable activities
4
**NET (EXPENDITURE)**
Net movement in funds
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Fund**
**£**
**64,053**
**735**
**64,788**
**78,691**
**(13,903)**
**(13,903)**
**139,804**
**125,901**|
**Restricted**
**Fund**
**£**
**15,691**
**-**
**15,691**
**15,691**
**-**
**-**
**-**
**-**|**Period from**
**24.3.23 to**
**31.8.23**
**Total**
**Funds**
**£**
**79,744**
**735**
**80,479**
**94,382**
**(13,903)**
**(13,903)**
**139,804**
**125,901**|
|---|---|---|---|
Page 5
## **HOLY TRINITY PRE-SCHOOL**
## **BALANCE SHEET 31 AUGUST 2023**
|Notes
**FIXED ASSETS**
Tangible Assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**Total**
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted Funds
Restricted Funds
**TOTAL FUNDS**|**Unrestricted**
**Fund**
**£**
**44,935**
**1,299**
**81,957**
**128,191**
**2,290**
**125,901**
**125,901**
**125,901**|**Restricted**
**Fund**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
**Period**
**24.3.2023 to**
**31.8.2023**
**Total**
**Funds**
**£**
**44,935**
**1,299**
**81,957**|
|---|---|---|---|
||||**128,191**|
||||**2,290**|
||||**125,901**|
||||**125,901**|
||||**125,901**|
||||**125,901**
**-**|
||||**125,901**|
The financial statements were approved and authorised for issue by the Board of Trustees on 27 November 2023 and were signed on its behalf by:
……………………………………….
## **CHLOE DUNN (CHAIRPERSON)**
Page 6
**HOLY TRINITY PRE-SCHOOL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 24 MARCH 2023 to 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings
- 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 7
## **HOLY TRINITY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
## **2. DONATIONS AND LEGACIES**
|Grants
Other income
Donations – Alice Turcu
Grants received, included in the above, are as follows:
Lincolnshire County Council
Boston Borough Council
**INCOME FROM CHARITABLE ACTIVITIES**
Summer Fayre
**CHARITABLE ACTIVITIES COSTS**
**Direct**
**Costs**
**Support**
**costs (see**
**note 5)**
**£**
**£**
Charitable Activities
**86,419**
**7,963**|**Period from**
**24.3.2023 to**
**31.8.23**
**£**
**79,692**
**32**
**20**|
|---|---|
||**79,744**|
||**Period from**
**24.3.2023 to**
**31.8.23**
**£**
**78,761**
**931**|
||**79,692**|
||**Period from**
**24.3.2003 to**
**31.8.23**
**£**
**735**|
||**Totals**
**£**
**94,382**|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
## **4. CHARITABLE ACTIVITIES COSTS**
Page 8
## **HOLY TRINITY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
## **5. SUPPORT COSTS**
||||**Governance**||
|---|---|---|---|---|
||**Management**|**Finance**|**costs**|**Totals**|
||**£**|**£**|**£**|**£**|
|Charitable Activities|**7,129**|**54**|**780**|**7,963**|
## **6. NET INCOME**
Net income is stated after charging:
||**Period from**|
|---|---|
||**24.3.23 to**|
||**31.8.23**|
||**£**|
|Depreciation – owned assets|**5,225**|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 August 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 August 2023.
## **8. STAFF COSTS**
|Wages and Salaries
Social Security Costs
The average monthly number of employees during the period was as follows:
Staff|**Period from**
**24.3.23 to**
**31.8.23**
**£**
**64,593**
**5,646**|
|---|---|
||**70,239**|
||**Period from**
**24.3.23 to**
**31.8.23**
**9**|
The average monthly number of employees during the period was as follows:
Page 9
## **HOLY TRINITY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
|**9.**
**TANGIBLE FIXED ASSETS**
**Equipment**
**£**
**COST**
At 24 March 2023
**-**
Additions
**50,160**
**At 31 August 2023**
**50,160**
**DEPRECIATION**
At 24 March 2023
**-**
Charge for the period
**5,225**
**At 31 August 2023**
**5,225**
**NET BOOK VALUE**
At 31 August 2023
**44,935**
At 24 March 2023
**-**
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses|**Totals**
**£**
**-**
**50,160**|
|---|---|
||**50,160**|
||**-**
**5,225**|
||**5,225**|
||**44,935**|
||**-**|
||**Period from**
**24.3.23 to**
**31.8.23**
**£**
**1,299**
**-**|
||**1,299**|
||**Period from**
**24.3.23 to**
**31.8.23**
**£**
**1,510**
**780**|
||**2,290**|
Page 10
## **HOLY TRINITY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
## **12. MOVEMENT IN FUNDS**
|**At**
**24.3.23**
**£**
**Unrestricted funds**
General fund
**139,804**
**TOTAL FUNDS**
**139,804**
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
**80,479**
**TOTAL FUNDS**
**80,479**|**Net**
**movement**
**in funds**
**£**
**(13,903)**
**(13,903)**
**Resources**
**expended**
**£**
**94,382**
**94,382**|**At**
**31.8.23**
**£**
**125,901**|
|---|---|---|
|||**125,901**|
|||**Movement**
**in funds**
**£**
**(13,903)**|
|||**(13,903)**|
Net movement in funds, included in the above are as follows:
.
Page 11
## **HOLY TRINITY PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
|**INCOME AND ENDOWMENTS**
**Donations and Legacies**
Grants
Other income
Donations – Alice Turcu
**Charitable activities**
Summer Fayre
Total incoming resources|**Period from**
**24.3.23**
**to 31.8.23**
**£**
**79,692**
**32**
**20**|
|---|---|
||**79,744**|
||**735**|
||**80,479**|
This page does not form part of the statutory financial statements
Page 12
## **HOLY TRINITY PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD FROM 24 MARCH 2023 to 31 AUGUST 2023**
|**EXPENDITURE**
**Charitable activities**
Wages
Social security
NEST Pension
Room Hire
Milk Refreshments
General Equipment
Play sessions
Household Support Grants
Summer Fayre
**Support Costs**
**Management**
Insurance
Administration
Telephone
Sundries
Repairs and Renewals
Depreciation of tangible assets
**Finance**
Bank charges
**Governance costs**
Accountancy
Total incoming resources
Total resources expended
**Net (expenditure)**
))|**Period**
**from**
**24.3.23 to**
**31.8.23**
**£**
**64,593**
**5,646**
**2,767**
**8,029**
**601**
**3,497**
**508**
**600**
**178**|
|---|---|
||**86,419**
**1,094**
**48**
**70**
**543**
**149**
**5,225**|
||**7,129**
**54**|
||**54**
**780**|
||**780**|
||**80,479**
**94,382**|
||**(13,903)**|
This page does not form part of the statutory financial statements
Page 13