Charity re8islration number 702282 SMALL &41NtS PRE SCHOOL ANNUAL REPORT AND VNAUtXTED FINAP4aAL STATEMENTS FOR THE YEAR ENDED 31 AUGU 2015
SMALL &4INTS PRE SCHOOL iEGAL AND ADMINisfRAnvE INFORMATION Commlttee membeys Itrustees} Mrs J Comwell Ichairl Mrs J Houghton (Treasurer) Ms R Stevenson Ms T Barwell Ms K Moore Ms N Cannon Mr5 Marchetti {Appointed 29 December 20251 Custodlan trustees Ladyj Taylor. Chairperson Mrs J Matthew50n Ms G Graper Charity number 702282 Principal addre55 The Chase High Street Holbeach Spalding PE12 7ED Independent examlner TCGroup 33 80ston Road South Holbeach Spalding Lincolnshire PE12 7LR
SMALL SAipifs PRE SCHOOL Tru5tees' POrt Independent examinerfs report Statement of financial actNities Balance sheet Notes to the financial statements 8-16
SMALL SAIKfs PRE SCHOOL TRUEE5, REPORT FOR THE YEAR ENDED 31 AUGusf2025 The trustees pent their annual report and finanaal st*ements for the year ended 31 August 2025. The finantial statements have been prepared in a¢(nrdance with the accounting policies set out in note I to the financial statements and comply wtth the tharity's governing document, the Charrties Act 2011 and 'Accounting and Reporting by Chartties: Statement of Recommended Practice applicable to charities preparing their accounts in attordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. Obiecti¥es and •rti¥lties Objects aml olms The aim of the charity shall be to advance the education of chikIn below compulsory school age by: - Providing safe and satisfying group play, in whKh parents have the right to take part. - Encouraging other charitable actNities through which parents may help the children. Furthering the aim of the pre-school learning alliance. The committee members are satisfied with the prTe$S of the charity and are confidenl that it will continue to meet its objectives. Publit benefft The activfties undertaken by the charity to further public benefrt are set out in the key points noted above for the objects and aims of the charity- The trustees confirm that they have complted with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefrt guidance published by the Charity Commission for England and W31es. Pxhievements and perf0mnCe During the year under review the charity has met rts objectives lry providing the education requirements to children below ¢ompvlsory sch¢A)l age. The inLike ol children Is at fvll capacity With a waiting list. The school provide5 funded places for disadvantaged two year olds in the area. The last Ofsted inspection was carried out in October 2023 and the school achieved good report. Introduction of 30 hours for 3 to 4 year olds has reduced pupil numbers a5 children are doing more hours to utilise the initiative. Flnancial review Ouring the year the charity rdised £571.687 (2024- £474.3761 to carry out the objectives mentioned earlier. Of this amount £492.52312024 - £445,419) was used in the current year. A5 a resutt the reserves now stand at £633.465 12024 - £554.301} of which £572.835 12024 - £493.6711 lateS to unrestrbcted funds and £60,630 12024- £60,630) relates to restrirted funds.
SMALL SAipifs PRE SCHOOL TRUSTEE5' REPORT (CONnNUED) FOR THE YEAR EhlDED 31 AUGUST2025 Pollryon reserves The finante committee conducts an annual review of the level of unrestricted ServeS not commrtted or invested in tsngible fixed assets 1.the free reserves"1 in the genernl fund, by considering the risks associated with the various income Streams. expenditure pL4ns and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient: - To allow for reor8anisatTOn in the event of a downturn of income or asset values: and - To protect ongoing work programmes: and - To further develop the buildings within the site as and when demand dictates. The level Is estimated at 6 months of the general expected ldget. Under the constitution. the chartty ha5 the power to make any investment whth the committee see frt provided appropriate advice is taken from a professionally Qualif person under the Financial Services Act 1986. However the commlttee choose to tske a prudent approach and invest temporarify surplu5 funds in bank deposits. Principalfvnding sources The charity Is fvnded by fees paid by the parents of the childTen on the roll. grants from Llncolnshire County Counal and fvndraising events. Strurture. go¥rnance and management Noture oAgo¥rniTnq document Small Saints Pre-school Is an or8anFsation constituted as a tharity under a trust deed adopted on 8 June 1988 as amended on 9 Novernber 1989 and 24 May 1995 and 22 May 2015. Committee members are elected at the AGM. The constitution states that the committee shall consist of 3 Office (Chair. Secretary and TreaSUrI and that there must be not less than 2 nor more than 9 elected membe. The custodian trustees who have served during the year and since the year end have been set out on pa8e l. These trustees hold the lease of which the charity runs from. All aspects ofthe charity are managed by the committee members as sel out on page l. A mana8er is appointed by the committee membef5 to manage the day to (lay operations of the chartrty. The committee member5 have examined the major strateeic. business and operational risks which the charity faces and confirm that systems have been established to enabte re8ular reports to be produced so that the necessary steps can be taken to lessen these risks.
SMALL SAINTS PRE SCHOOL TRusfEES' REpoKr IcorfflNUED) FOR THE YEAR EP4DED 31 AUGU2025 Financial instrumerts ectives andpolkles The charlS activities eypose it to a number of financial risks including credrt risk. cash flow risk and liquidity risk. The use of financial derivatives is governed by the charl5 policies approved by the board of trustees. which provide written principles on the use of financial derNative5 to manage these risks. The charity does not use derivative flnancial instruments for speculatNe purpo. Credit risk The charity's principal financial assets are bank balances and cash, trdde and other receivables, and investments. The charity'5 credit risk is primari attributable to its trdde receivable5. The amounts presented in the balance sheet are net of allowance5 lor dbtful receivables. An allowance for impairment is made where there is an identifd loss event which, based on previous experience. is evidente of a redurtion in the recoverability of the cash flows. The credit risk on liquKI funds and derivatrvè financial instruments is limited because the counterparties are banks with h8h credtt-ratin8S aSSi8ned by international crèdit-rating agencies. The charity has no Sbgnrficant concentration of credit risk. with exposure spread over a large number of counterparties artd customers. The trustees, report was approved by the Board of Trustees. Mrs J Corrtwell Chair Dated..
SMALL SAINTS PRE SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMAiL SAiritS PRE SCHOOL I report to the trustees on my examination of the financial ststements of Small Saints Pre School Ithe charity) for the year ended 31 Au8USt 2025. Responsibilities and ba515 of report As the trustees of the charity you are responsible for the preparation of the financlal statements in accordance wrth the requirements of the Charities Art 2011 {the 2011 Act). I report in respect of my examination of the charitws finantial Statements carried out under section 145 of the 2011 Act. In carrying out My examination I have followed all the applKable Directions given by the Charity Commlssion under sertion 14515llbl of the 2011 Act. Independent èxaminerfs statement Since the charity's 8ross income exceeded £250.(KKI your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial ststements in accordance with Accounting and Reporting by Charrties preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preferente to the Accounting and Reporting by Charitie5.' Statement of Recommended Practice issued on l April 2005 which is referred io in the extant re8ulations but has now been withdrawn. l understand that this has been done in order for financial statemerts to pn)vKle a true and fair view in accordance with GeneTrlly Accepted Accounting PwactKe effect for reporting period5 beginning on or after l January2015. I have completed my eKamination. l Confirni that no Matte have come to my attention in connection wlth the examination giving me cause to believe that in any material Spect-. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financial statements do not accord wrth those records.. or the finanaal stètements do not compfy with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report51 Regulations 2c8 other thaft any requirement that the accounts give a true and fair view whh 15 not a matter conSided as part of an independent examinalion. I have no concerns and have come across no other matter5 in connèction with the exarnination to which attention should be dTrwn in thi5 report in order to enable • proper unde15tanding of the financial statements to be aChed. Christopher McKenna ACA TCGroup 33 Boston Road sOh Holbeach Spalding Lincolnshire PE12 7LR
SMALL SAINTS PRE SCHOOL INDEPENDENT EXAMINER'S REPORT ICONllNUED) TO THE TRusfEES OF SMALL SAipifs PRE SCHOOL Dated:rJ.Ibi 210
SMALL INTs PRE SCHOOL sfATEMENT OF FINANCIAL ACTIVMES INCWDING INCOME AND EXPENDtruRE ACCOUNT FOR THE YEAR ENDED 31 AUGusf2025 Totsl fur 2025 fvnds 20 funds 2024 fund5 2024 2025 2024 Income from: Donations and legacies Charitable actNities Other trading actwities Investments 1.135 463,336 2.802 7,103 1.135 463.336 2.802 7,103 563.480 1.779 6.382 563,480 1,779 6.382 Total Income 571.687 571.687 474,376 474,376 Eynd•ture on: Charltable artivities 492.523 492.523 445.419 445,419 Total expendlture 492.523 492.523 445.419 445,419 Net Incorne and m0MeTht in funds 79.164 79,164 28.957 28,957 Re¢onciliation of funds: Fund balances at I September 2024 493.671 ,630 554.301 464.714 60.630 525.344 Fund balances at 31 lI1$t 2025 572.835 60.630 633.465 493.671 fAI,630 554,301 The statement of financial actNities indudes all gains and 105ses recognised in the year. All income and expenditure derive from continuing attivities.
SMALL SAINTS PRE SCHOOL BALANCE SHE ASAT31 AUGUST2025 2025 2024 Flxed assets Tangible assets 254,736 245,403 Current assets Debtor5 Cash at bank and in hand 8.520 391,832 5,141 313,471 4[,352 318,612 Creditors: amounts fallin8 due within one year 16 121.623} 19.7141 Nèt current a55ets 378.729 308,898 Totsl assets less current liabilitie5 633,465 554.301 The fvnds of the ¢harlty Restricted income funds Unrestritted funds 60.630 572,835 60,630 493.671 633.465 554,301 Illt>12t) The financial statements were approved the mistee5 on ........ Mr5 J Cornwell Chahr M5 N Cannon Trustee
SMALL SAirir5 PRE SCHOOL NOTES TO THE FINANaAL STATEMENTS FOR 7HE YEAR EhTDED 31 AUGUST2025 Accountlng poli¢ies 1.1 Acry>untlng conb*ntion The financial statements have been prepared in accordance with the charrws goveming document. the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Aecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFIiS 1021 leffertive l January 20191. The charity is a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage of the prlS1onS in the SORP for charities appIng FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flows. The finanoal statements have departed from the Charities (Accounts and Reports) Re8ulation5 21KJ8 only to the extent required to provide a twe and fair view. This departure ha5 involved following the Statement of Recommended PraciKe for charities applying FRS 102 rather than the vetslon of the SLitement of Recommended Practice which is referred to in the Regulations but which has since been wtthdrawn. The financial ststements a prepared in sterlin& which the functional currency of the charity. Monetary amounts in these financial sLitements are rounded to the nearest £. The finartcial statemènts have been prepared under the historical cost convention. Imodrfied to include the revaluation of freehold properties and to include investment properties and ceitsin financial instruments at fair valuel. The principal accounting policies adopted are Set out below. 1.2 Goin8 concern At the time of approving the financial ststements, the trustees have a 3$Onable expertation that the charlty has adequate resources to continue in operational exenCe for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestrirted funds are available for use at the discretton of the trustees in fvrtheran¢e of their charitable obje¢ti¥es. Restricted funds are subject to specific conditions by donors or grdntors as to how thry may be used. The purposes and uses of the Stricted funds are set out in the note5 to the financial statements. Endowment fvnds are subject io specific conditions by donors that the capital must be maintained by the charity. 1.4 Inrne Income i8 recognised when the charity is legally entitled to it after any perfonmance conditions have been met, the amounts can be measured rdhabfy. and it is probable that income will be recetved. Cash donations are recognised on receipt. Oiher donations are recoBnised once the chartty has been notified of the donation. Unl perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is cogniSed at the time of the donation.
SMALL SAIP¥fS PRE SCHOOL NOTES TO THE FINANaAL sfATEMEp4fs {CONTINUED) FOR THE YEAR EhlDE0 31 AU6UST2025 Ac(oufitin8 policles Icantlnuedl Le8acies are recognised on weipt or otherwise rfthe charity has been notified of an impending distribution. the amount is known, and receipt expected. If the amount is not known, the legacy treated as a contingent asset. 1.5 Expenditure All expenditure is recogni5ed once there is a le8al or constructive oblwion to that expendrture. it is probable settlement is Uired and the amount can be measured reliabty. All costs are allocated to the applioble expendtture heading that aggrewe similar costs to that category. Where costs cannot be dire¢t attribute(I to particular headings they have been allocated on a bas consistent whth the use of resources, with central staff costs allocated on the basis of tirne spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Property improvements Plant and equipment Fixtures and ffttings Computer equipment None 15% reducing balance 15% reducing balance 25% reducing balance The gain or loss arising on the dposal of an asset is determined as the difference between the sale proceeds and the carrying value of the a55et. and $ reCOgned in the statement of finan¢ial actfvitles. 1.7 Impairment of ffftd assets At each reporting end date, the charity reviews the carrying arnounts of its tsnwble assets to detemiine whether the is any indication that ihose assets have suffered an impairnient loss. If any such indication exists, the recoverable amount of the aet is estimated in order to detemiine the exient of the impairment loss lif any). 1.8 Cash and ush equiwdlents Cash and cash equivalertts include cash in hand. deposits held at call with banks. other short-terni liquid imiestments wrth original maturltles of three months or less. and bank overdrafts. Bank overdrdfts are shown within borrowings in Current liabilit$.
SMALL SAipifs PRE SCHOOL NOTES TO THE FINANaAL STATEMENTS ICOPtnNUED) FOR THE YEAR ENDED31 AUGU2025 knunting policles (Continued) 1.9 Financial instruments The charity has elected to apply the prOv10n$ of Section 11 'Basic Financial Instrument5. and Section 12 'Other Financial InstnJments15sues' of FRS 102 to all of its financial instruments. Financial instruments are recogrhised in the charity's balance sheet when the charity becomes party to the contractual prowsions of the instrument. Financial assets and liabilities are offset, wrth the net amounts presented in the financial statements, when there is a legalty enforteable right to set off the recognised amounts and there 15 an intention to settle on a net ba515 or to realise the asset and settle the liability simultaneousfy. 80si¢finondalassets Basic finantial assets. which include debtors and cash and bank balances. are initialty measured at transaction price including transaction costs and are subsequently Carr at amortised cost using the effectbve interest method unless the arrangement constitutes a financing transaction. where the transactlon is measured #t the present value of the future receipts dÉscounted at a market rate of interest. Financial assets classified as receivable within one year are not amOrted. Basi(finon¢iol Ilob•lities Basic financial liabilbties, including creditofs and bank loans a initially reco8nised at transaction price unless the arrangement constitute5 a financing transartion, where the debt instnjment is measured at the present value of the future payments discounted at a market r*e of interest. Financial liabilities classffjed as payable within one year are not èmortised. Debt instruments are subsequently carried at amorttsed cost, usingthe effettive interest rate method. Trade creditors are obligation5 to pay for 8($ or seNices that have been acquired in the ordinary coutse of operations from suppliers. Amounts payable are classified as cufnt liabilities rf payment is due within one year or less. If not. they are presented as non-current liabilities. Trade tdItOrS are recognised initralty at transaction price and 5ubsequentty measured at amortised cost usin8 the effective Inte$t method. Ikrecognition offiftancialliobllltles Financial liabilities are dereC0gnd when the charlS contractual obligations expl or are discharged or cancelled. 1.10 Employee beneffts The cost of any unused holiday entitlement is reco8nised in the period in whlch the employee's services are received. Termination benefits are reco8nise(l immedotely as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefrts. 1.11 Retirement benefits Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall due. 10-
SMALL 5Airirs PRE SCHOOL NiyfES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 In the application of the charitys a¢¢ounting policie5, the trustees are reguld to make judgements. estimates and assumptions abo the carrying amount of assets and liabilit$ that are not readi apparent from other sources. The estimates and associated assumptions are based on htstorical experience and other factors that are tonsidered to be relevant. Actual results may differ from these ertimates. The estimates and undertying assumption5 a reviewed on an on8oin8 basis. Revsions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revbsion arbd futu periods where the revision affects both current and futLsre periods. In¢ome from donati¢ns and legacies Urwestrirted Unrestrlcted funds fvnds 2025 2024 Donations and gffts 1.135 Income from ¢haritsble achwbes Umestrirted Unrestricted funds funds 2025 2024 Charitable Income Pre-school fee income Sales of shirtslname tape Kid's club- fee income Supplements (pupil premium and inclusion fundin8) Milk rebates Administraiive fee receNed GTrnt5 receNed 474,663 1,594 49.134 11.565 L923 239 24.362 405,033 1,806 41,179 5,336 1,767 8.047 563,480 463,336 11
SMALL SAIKfs PRE SCHOOL NOTES TO THE FINANaAL STATEMENTS (corinNUED) FOR THE YEAR ENDED 31 AUGUST2025 UnreStr1rt Unrestricted funds funds 2025 2024 Fundraising events 1.779 2,802 Income from In¥esiments Unrestricted Unrestrfrted fund5 funds 2025 2024 Inte$t receNable 6.382 7.103 12-
SMALL SAINTS PRE SCHOOL NOTES TO THE FINANaAL sfATEMEP4fs ICOPfflNUED) FOR THE YEAR ENDED 31 AUGUST2025 Charitsble activit5 Charltable Charltable Expenditure Expenditure 2024 Staff costs Depreciation Courses and tfaining Rent and rates Lht. heat and power Insurance Purchases for re-sale Repairs and maintenance Comsumables Telephone Milk Printin& postsge and stationery Running costs and miscellaneous expenses Lease charges Refreshments and deaning expenses Bank charBes OLrting expenses 398.238 6.145 1.269 15,216 6,162 7,574 1,993 11,999 9,088 3.206 1,865 1.719 816 4.082 9,234 499 1,630 354.557 6.495 167 8.042 12,989 5,851 1,460 11,448 11,092 2.100 1.885 2.160 795 5,430 6.868 471 1.156 480,735 432.966 Grant fundin8 of activities Isee note 81 Share of governance costs Isee note 9) 6.630 5,158 7,547 4,906 492.523 445.419 Grants payable Charitsble Charitab Expenditure Expenditure 2025 2024 Grants to individuals 6,630 7.547 6.630 7,547 13-
SMALL SAINTS PRE SCHOOL NOTE5 TO THE FINANCIAL sfATEMENTS (CONnNUED) FOR 7HE YEAR ENDED 31 AUGusf2025 2025 2024 Accountancy Legal and professional Bookkeeping fees 1.038 220 922 5,158 4,906 10 Net movemert in fvnds Z025 2024 The net movement in funds is stated after char8irh81{Creditil. Depreciation of owned tangible red assets 6.145 6.495 11 Tntstees None of the trustee5 lor any persons connected with thernl received any remuneration or benefits from the charity during the year. 12 Employees The average monthly number of employees durin8 the year VRS: 2025 Number 2024 Number 23 21 Employment cos 2025 Z024 Wages and salaries Pension costs 384,050 14,188 342,308 12,249 398.238 354,557 13 Taxatlon The charity is exempt fmm taxation on its activities because all its income 15 applied for charitable purposes. 14-
SMALL SAipifs PRE SCHOOL NOTES TO THE FINANaAL sfATEMEPITS {corinNUED) FOR THE YEAR ENDED 31 AUGU2025 14 TaTh8ible fixed assets Cost At I September 2024 Additions 212.129 10.752 39,446 88,173 4,727 13,860 353,608 15,479 At 31 August 2025 222.881 39.446 92,gXI 13,860 369,087 Deweciation and ifflpairment At I September 2024 Depreciation charged in the year 32.482 1,045 64.358 4,478 11.366 622 108.206 6.145 At 31 August 2025 33.527 68.836 11,988 114,351 Carrying amount At 31 August 2025 222.881 5.919 24.064 1,872 254,736 At 31 August 2024 212.130 6,964 23,815 2,494 245.403 15 Debto 2025 2024 Amounts lallin8 due within one year. Other debtors Prepayments and accrued income 4.899 3.621 3,349 1,792 8.520 5.141 16 Creiltors: amounts falllng within one >tar 2025 2024 OtherttIOn and social security Trade creditors Other ueditors Accruals and deferred income 16.130 607 250 1.456 942 3.896 21.623 9,714 15-
SMALL NTS PRE SCHOOL NOTES TO THE F114ANCIAL STATEMENTS {copinNUED) FOR 7HE YEAR ENDED31 AUGusf2025 Total fvnds 2025 funds 2025 2015 At 31 Au8USt X125: Tangible assets Current assetsllliabilities} 194,106 378.729 60.630 254,736 378.729 572.835 60.630 633,465 Unrestrlrted funds 2024 Totsl funds 2024 2024 At JI 2024: Tangible assets Current assets/lliabilities} 245,403 248,268 245,403 308,898 60,630 493.671 60.630 554,301 Re¢ted fund The purpose of this fuTKI is for property improvements to the tharity's leased building. 18 Related party tran5artity During the year the charity made the folbwing related party transartions: Mrs J Houghton During the year Mrs J Houghton provided book-keepin8 services for small Saints Pre-school totallin8 £3,9 12024- £3.(1. At the balance sheet date the amount due tolfrom Mr5 J Houghton was £Nil12024- £Nkll. -16-