2023-08-31-accounts - Stanton Parents And Under Fives

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustee Report for 2023

Stanton Parents and Under Fives

Stanton Pre-School. Upthorpe Road, Stanton, Suffolk. IP31 2AW Registered Charity 295564

Trustee Report for 2022 .......................................................................................................................... 1 Introduction ........................................................................................................................................ 2 Key Charity Details .............................................................................................................................. 2 Background ......................................................................................................................................... 2 Serious Incidents and Risks ................................................................................................................. 2 Financial Review .................................................................................................................................. 2 Reserves Policy .................................................................................................................................... 2 Going forward ..................................................................................................................................... 2 Conclusion ........................................................................................................................................... 2 Trustee Signature ................................................................................................................................ 2

Introduction

This report, will be covering the running and accounts of Stanton Pre-School (SPUF) for the financial year September 1[st] 2022 – August 31[st] 2023.

Key Charity Details

SPFU is an Unincorporated Association whose governing document was adopted in 1984

Trustees;

Tom Forster
Jessica Forster
Lisa French

Background

The 2022 accounts have been qualified and submitted and this report / accounts pack references 2023 Financial Year.

The Committee can confirm that the trustees have had regard to the charities commission guidance on public benefit and fee charging as well as a description of significant activities carried out further to the charity purpose for public benefit.

In the future we are aiming to convert the charity to a Charitable Incorporated Organisation to easy management and ensure the long term viability of the organisation.

Serious Incidents and Risks

None encountered

Financial Review

Please see accounts pack

Reserves Policy

SPUF currently hold £3700 in its reserve account.

Going forward

SPUF will be moved to the Charitable Integrated Organisation model in 2024 / 5.

Conclusion

As of 2023 SPFU is in a stable financial position and able to meet it’s running costs, the forecast is that this will continue into the future with growing numbers of Children in our setting.

Trustee Signature

Tom Forster

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st August 2023 for Stanton Parents and Under Fives

Stanton Parents and Under Fives

Contents of the Financial Statements for the Year Ended 31st August 2023

	Pages
Report of the Trustees	1 to 3
Independent Examiners Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7,8,9,10
Detailed statement of the Financial Activities	11

Independent Examiners Report to the Trustees of

Stanton Parents and under Fives

I report to the trustees on my examination of the accounts of Stanton Parents and under Fives for the year ended 31 August 2023 set out on page 5-10

Responsibilities and basis of report

As the charities 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).

Independent examiners 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 2011 Act or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable equirements 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.

Suzanne Lock

Suzanne Lock Business Services Ltd

Unit 4 Camilla Court

The Street Nacton IP10 0EU

Stanton Parents under Fives

Statement of Financial Activities For the year ended 31st August 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Donations Fundraising Grant funding Chatitable activities Fees Total Incoming resources EXPENDITURE ON General funding expenses Charitable Activities Pre School Support costs including governance Total resources expended Net Income / (expenditure) for the year RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2023 £ 600 372 61,015 17,866 79,854 0 105,158 2,464 107,622 (27,769) 35,648 7,879	2022 £ 0 0 97,033 12,635
		109,667 0 113,930 2,333
		116,262
		(6,595) 42,243
		35,648

Stanton Parents under Fives

BALANCE SHEET For the year ended 31st August 2023

£ £ 11,427 0 7,091 7,091 10,640 (3,549) 7,879 7,879 7,879 2023	£ £ 12,157 2,545 24,873 27,417 3,926 23,491 35,648 35,648 35,648 2022	£ £ 12,157 2,545 24,873 27,417 3,926 23,491 35,648 35,648 35,648 2022
7,091 10,640	27,417 3,926

		35,648
		35,648
		35,648

The financial statements were approved by the Board of Trustees on ……………………………….. And were signed on its behalf by :

………………………………………………..

Tom Foster

………………………………………………..

Mrs Jessica Foster

Stanton and Parents under Fives

NOTES TO THE UNAUDITED ACCOUNTS For the year ended 31st Agust 2023

1 ACCOUNTING POLICIES

a) The financial statements have been prepared under the historical cost convention.
b) The financial statements have been prepared in accordance with applicable accounting standards and follow the recommendations in Accounting and Reporting by Charities Statement of Recommended Practise (FRS 1402 SORP) and the Charities Act 2011
c) All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with accuracy.
d) Grants including grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities in the year in which they are received or receivable, whichever is the earlier, unless they relate to a specified future period in which case they are deferred. The Charity has received government grants during the reporting period
e) 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 consistent with the use of the resource. All catagories are natural catagories

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure incurred for specified purpose is charged to the appropriate fund

f) Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees of the charity without further specified purpose and are available as general funds.
g) Governance costs are those costs incurred to meet statutory and constitutional requirements.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
h) useful life

Fixture and fittings 15% reducing balance Computer Equipment 25% reducing balance

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees

i) Al resources expended are inclusive of irrecoverable VAT.

2 ANALYSIS OF INCOME Donations and legacies Donations Fundraising (Uniforms) Grant funding Charitable Activities: Pre School	2023 £ 600 372 61,015 17,866 79,854	2022 £ 0 97,033 12,635
		109,667

Stanton and Parents under Fives

NOTES TO THE UNAUDITED ACCOUNTS For the year ended 31st Agust 2023

3	ANALYSIS OF EXPENDITURE
		Staff	Direct	Support	2023	2022
		Costs	Costs	Other	Total	Total
		£	£	£	£	£
	Expenditure on raising funds:
	Fundraising (uniforms)		0		0	0
		0	0	0	0	0
	Expenditure on charitable activities:
	Pre school activities	99,959		5,199	105,158	113,930
	Support costs including governance			2,464	2,464	2,333
		99,959	0	7,663	107,622	116,262
		99,959	0	7,663	107,622	116,262
4	SUPPORT COSTS:		Support	Governance	2023	2022
					Total	Total
			£	£	£	£
	Accountancy and book keeping			2,464	2,464	2,333
	Sundries			2,530	2,530	4,203
	Repairs and renewals			590	590	700
	Cleaning			10	10	0
	Legal			0	0	0
	Depreciation			1,977	1,977	2,230
	Bank charges			88	88	93
				7,660	7,660	9,558
5	NET (OUTGOING) / INCOMING RESOURCES:				2023	2022
					£	£
	This is stated after charging
	Depreciation				1,977	2,230
	Independent Examiners / Reporting	Accountants	Remuneration		2,464	2,333
6	STAFF COSTS:				2023	2022
					£	£
	Salaries				83,152	84,652
	Employers NI				1,227	2,642
	Employers Pension contributions				1,969	1,550
	Staff training and DBS checks				669	771
					87,017	89,615

The average number of paid employees (part time and full time) during the year was 6 (2022: 6)

Stanton and Parents under Fives

NOTES TO THE UNAUDITED ACCOUNTS For the year ended 31ST Agust 2023

7 TAXATION

All income is applied for charitable purposes and therefore any surplus is exempt from Corporation tax.

8 TANGIBLE FIXED ASSETS

		Fixture and Fittings		Computer Equipment	Computer Equipment	Totals
	Cost	£		£		£
	At 1 September 2022	22,786		2,483		25,269
	Additions	1,248				1,248
	Disposals					0
	At 31 August 2023	24,034		2,483		26,517
	Depreciation
	At 1 September 2022	11,169		1,944		13,112
	Depn on disposal					0
	Charge for Year	1,842		135		1,977
	At 31 August 2023	13,011	0	2,079	0	15,089
	Net Book Value
	At 31 August 2023	11,023		404		11,427
	At 31 August 2022	11,617		539		12,156
9	DEBTORS				2023	2022
					£	£
	Trade debtors					0
	Other debtors				0	2,545
					0	2,545
10	CREDITORS: AMOUNTS	FALLING
	DUE WITHIN ONE YEAR				2023	2022
					£	£
	Accruals				2,600	1,200
	Other Creditors				691	0
	Taxation and Social security				6,650	2,314
	Pension				698	412
					10,640	3,926

Stanton and Parents under Fives

NOTES TO THE UNAUDITED ACCOUNTS For the year ended 31st Agust 2023

11 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

		2023	2022
		£	£
Trustees remuneration	Authority Remuneration Pension	Total	Total
Name of trustee
Lisa French	By order of	44,096	44,084
Trustees expenses	Types of expenses reimbursed
Name of trustee
Lisa French	Equipment,travel,sundries		273

12 GENERAL RESERVE

The unrestricted funds balance includes an amount set aside to enable the charity to cover essential management, administration and support costs for one term.

Stanton and Parents under Fives

DETAILED PROFIT AND LOSS ACCOUNT - for management information only For the year ended 31 August 2023

INCOME Donations Fund raising Funding Non-funded Fees Accountants Fees Advertising and marketing Bank Fees Childcare Childrens activities Cleaning Depreciation Donations Educational Equipment Employers NI Entertainment Food and snacks Fund raising expenses Gross Wages Insurance Light and heat Pension Contributions Playgroup sundries Professional Fees Rent & Rates & water Repairs and renewals Stationery and postage Subscriptions and memberships Telephone Training and DBS checks Travel Net loss	£ £ 600 372 61,015 17,866 79,854 2,464 478 88 17 903 10 1,977 0 1,385 1,227 0 2,305 0 83,152 803 586 1,969 2,530 92 3,610 590 989 440 1,277 669 60 107,622 (27,769) 2023	£ £ 97,033 12,635 109,667 2,333 1,227 93 134 940 0 2,230 0 2,264 2,642 94 2,598 0 84,652 863 707 1,550 4,203 1,499 4,683 700 588 101 1,333 771 60 116,262 (6,595) 2022	£ £ 97,033 12,635 109,667 2,333 1,227 93 134 940 0 2,230 0 2,264 2,642 94 2,598 0 84,652 863 707 1,550 4,203 1,499 4,683 700 588 101 1,333 771 60 116,262 (6,595) 2022

			(6,595)