Registered Charity No: 900518
Creeeh St Mich2el Communi
Pre-school.
Unaudited Re
ort and Financial Statements
for the Year Ended 31st Au
ust 2023

Creeth St Michael Community Pre-school.
Unaudited Report and Ffinancial Statements
for the Year Ended 31$1 August 2023
CONTENTS
PAGE
General information
Annual Report of the Trnstees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
8-12
￿ll￿me and Expenditt￿e Account
13

Creeeh St Michael Community Pre-school.
Annual Report and Finaneial Statements
for the Year Ended 315t August 2023
Registered Charity Number 900518
Registe¥ed Adthess:
Creech St Michael Cornrnunity Pre-school
Hyde Lane
Creech St Michael
Taunton
Somerset
TA3 5QQ
Trnstees:
Ms C Ottery- Treasurer (Resigned 13 October 2022)
Ms Laura Lewis - Secretary (Resigned 13 October 2022)
Ms Kathleen Alford (Resigned 13 October 2022)
Ms Clair Naylor (Resigned 13 October 2022)
Ms Jessica Stoodley- Chair (Stood down as chair 13,
October 2022 & resigned 5 October 2023)
Ms Charlotte Cole -_ Chair (Appointed 13 October 2022 &
stood down as chair 3rd May 2024)
th
Ms Tessa Wright- Secr¢L4ry (Appointed 13 October 2022 &
th
resi￿ed 12 June ?023)
M8 Katherine Griffiths- Trcasurer & Chair (Appointed 13
OclobeT 2022 & 8 May 2024)
Ms Tracey Wadham- (Appointed 13 October 2022 &
Tesigned I" January 2023)
Ms Sarnantha S¢lf- (Appointed 13 October 2022)
Ms Kelly Ridgers - (AppL)inted 13 October 2022)
Ms Kelly Woodrnff- (Appointed 13 October 2022 &
resigued 5 October 2023)
Mrs Rachel Winter- (Appointed 5 October 2023)
Independent Examiner.
Miss A Cleaveley F.C.C.A.. A.T.T
Michael J. Dodden & Co.
Chartered Certified Accountants
34 North Street
Bridgwater
Somcrset
TA6 3YD
Bankers:
National Westrninster Bank plc
135 Bishopsgate
London
EC2M 3UR
Page I

Creech St Michael Community Pre-school.
Annual Report of the Trllstees
For the Year Ended 31$1 August 2023
Creech St Michael PTe-School is an unincorporated Ch&rity registered with the charity commission
in England and Wales. number 900518.
The Chatity is ooverned by its PLA P-S constitution dated 15 July 1999.
The Trustees of the Chartty as list¢d on page l are appointed by the Committee at the AGM.
Aims and Ob'ectives
The aims of the association shall be to advance the education of Children below compulsory school
age by (A) Providing safe and satisfying group play, in which parents have the right to take part (B)
Encouraging other charitable activities through which parents may help the children (C) Furthering
the aims of the pre-school playgroups associatLOn.
The objectives of the Charity are to provide education and development of the pre-school through
play and learning, and to prepare them for school. The pre-school acc¢pts ¢hildcare vouchers operated
by employers in addition to the Nursery Education Funding, both of which allow inclusion for
childT¢ll from low-income families.
The Charity opeTates using standard Committee procedures with the financial side being uudertaken
by an independent officer.
The TTUStees confirni that they have referred to the guidance contained in the Charity Con]]nission's
general guidance on public benefit when reviewing the Charity's aims and objectives and in pl8nTring
future activities.
Methods used to A
oint Trustees
The Trustees initially volunteer and are then nominated and seconded by the committee at an
AGMISGNIIEGM. An eligibility declaration form is then completed and then the DRS/Of8ted
registration process begins.
Reserves Polic
A Minimum of £1 0,000 should be retained to Cover day to day expenditure for a period for 3
months.
A minimurn of £5,000 should be specifically retained for if the building wer¢ to become
unavailable.
A minimum of £15,000 should be retsined to cover fiiture staff costs.
As of 31 August 2023, the chaTities unrestricted reserves stood at £101.793 (2022.. £92.985) of
this £10,574 (2022.. £12,217) is held as fix¢d ass¢ts leaving £91,219 (2022- £80,768) of free
reserves. This exceeds the targeted minimum level of reserves of £30,000.
Page 2

Creech St Michael Community Pre-sebool.
AnDual Report of the Trustees (continued)
For the Year Ended 31$t August 2023
Thank you to all of the team at pre-school for the wonderful job you do. We have had a very busy
year this year.
As a charity we need committee members to keep the pre-school open (brief description of roles and
responsibilities given).The commttt¢e do a lot of fundrdtsing events to raise money for the preschool.
ActiTrities last year included: bintto. quiz. Christmas wrapping. nativity (first in person since ¢ovid).
raffles, family fun event.
For the coming year we have anotheT family fim event planned for November, Cl]ristmas activities
and this year the nativity will be held at Ruishton (as it has a stage). There will be a number of changes
coming this year.
Debra, who has WOTked here and been Jnanager for a numbeT of yeaTS is ietiring at the end of OctobeT,
she will be missed by all. We welcome Lucy as our new preschool manager, she has already started
settlino in and has st&rted the handover with Debra. Clare will be remaining as deputy. Zoe and Em
left last yeaT, since then we have welcomed Sam and Victoria to the team. Sam started as a volunteer,
rnoved on to being a paid stand-in and bas now started her NVQ2. Victoria was Previously a parent.
now registered on her NVQ2 ls well.
Page 3

Creech St Michael Community Pre-school.
Annual Report of the Tru$tees (continued)
For the Year Ellded 31" August 2023
Statement of trnstee's responsibilities.
The trustees are respongible for preparing the Trnstees. Report aud the financial staten]ents ill
accordance with applicable law and United Kingdom Accounting Standards including Financial
Reporting Standard 102; The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Acc¢ptcd Accounting Practice)
Tbe law applicable to charities in England & Wales reqllires the trnstees to prepare fiuancial
statements for each financial year which give a true and fair view of the state of affaiTS of the ch8tiry
and of the income and expenditure of the Charity for that period. In prepaTing these financial
statements. the tLVStees are Tequired to..
Select suitable accounting policies and then apply them consistently.
Observe the methods of principles in the Chalities SORP.
Make judgtnents and accounting estinutes that are reasonable and prndent.
State whether applicable accounting stsndards have been followeQ subject to any material
departures disclosed and explained in the financial ststements, and
Prepare the fmancial statements on the going eoncern basis unless it is inappropriate to
pieswne that the charity will continue in business.
Thc trustc¢s arc rcsponsible for maintaining proper account 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 wtth the ChaTities Act 2011, the ChJiity (Accounts and Reports) Regulations 2008
and the provision for the constitution. They are also responsible for Sa£e.t￿Uard]ng the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other
I￿egUlarItIeS.
The trustees are Tesponsible for the maintenance and integrity of the cbarity and financial illforn]ation
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemin&tion of financial statements may diffcr from legislation in other jurisdictions.
Approved by the TTUStees on 9 August 2024 2nd Si￿]ed on their behalf by:
Ms Kath
Griffiths- Chair
Date
Page 4

Creech St Mtehael Community Pre-school.
Independent Examiner's Report to the Trustees of Creech St Michael Community Pre-school
For the Year Ended 31" August 2023
I report on the a¢¢oullts of Creecb St Michael Community Pre-school for the year ended 31 August
2023 which are set out on pages 6- 13.
Responslbfilities and basis of report.
As the charity trustees of th¢ cbarity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the ACV,)
I report in respect of rny examination of the charity's accounts canied out under section 145 of the
2011 Act and in carying out my examination I have followed all tlLe applicable Directions given by
the Ch￿itV Conunission under section 145 (5)(b) of the Act.
Xndependent examiners, statement.
I have completed my examination. J can confirni that no mat￿la1 matters have Come to my attention
in connection with the examination giving me cause to believe that in any matertal respect.
(l) Accounting records were not kept in r¢spe¢t of the Trnst as required by section 130 of the
(2} The accounts do not aC¢OTd with those records; or
(3) The accounts do not comply with the applicable requirements concerning the fonn and
contents of th¢ account8 qet out Tn the Charities (Accounts and Reports) Regulations 2008
other than any requiTement that the accounts give 'ttrue and fair view" which 1% not a matter
considered as part of an independent examination.
I have nl) concerns and have come across no other matters in connection with the examination to
which altenlion should be draTh￿ Tn this report to enable a proper understanding of the accounts to be
reached.
Miss A Cleaveley F.C.C.A., A.T.T
Michael J Dodden & Co
Cbarter¢d Certifjed A¢¢ountants
34 North Street
Bridgwater
SomcTset
TA6 3YD
Date........
Page 5

Cree¢h St Michael Community Pre-sehool
Statement of Financial Acti*ities
For the year ended 31 Augllst 2023
Unrestricted Restricted
Funds
Dunds
2023
Total
2022
Total
Income
Donations & legacies
Charitable activities- Pre-school income
Commissions receivable
Other trading activities
Government Grants
tnvestment incorne
254
131,294
254
131,294
39
110,543
225
579
699
1.356
1.356
341
341
133,245
133,245
112,087
Expenditure
Charitable Activities - Pre-school
Running costs
124.324
113
124,324
113
117.497
134
Other
124,437
124,437
117.631
Net Incojnel(Expendit￿e)
Net movement in hnds.
8,808
8,808
(5,544)
RecoDcAliation of funds:
Total Funds Brought Forward
92,985
100,756
193,741
199,285
Total Funds Carried Forward
101,793 100,756
202.549
193.741
The notes on pages 8 - 13 forn] part of these financial statements
Page 6

Creech St Michael Community Pre-school
Balance Sheet
t 31 August 2023
2023
Total
2022
Total
Note
Fixed Assets
Land and Buildings
Plant and Machinery
109,144
2,186
109.144
3,829
111,330
112,973
Current Assets
DebtOTS
Cash and cash equivalents
8,267
95,782
11,197
84,095
104,049
95,292
Current Llabilities
Credltors
12,830
14,524
Net Current Assets
91,219
80,768
Net Assets
202,549
193,741
The Funds of the Charity
Restricted Funds
100,756
100,756
Urnrestricted Funds
101,793
92,985
Total Charity Funds
202,549
193,741
These accounts have been approved by the committee and are signed on theiT behalf by:
. Ms Katherine Griffiths, Chair
. Date
. Ms Samantha Self, TTUStee
jl. ! g 11.4............ Date
The notes on pages 8 and 13 form part of these financial statements.
Page 7

Creeeh St Michael Community Pre-school
Notes to the Financial Statements
For the year ended 31 August 2023
l Accounting Policies
f Acc
The financial statements have been prepared under the historical cost Collvention with iten)s
recognised at cost or transaction value. The finaucial statements have been prepaTed in
accordance with the Accounting and Reporting by Charities: Stdternent of Re¢omm¢nded
Practice applicable to charities Preparing their accounts in accordance Trith the Financial
Reportincr Standard applicable in the UK and Republic of Ireland (FRS102) (effe¢tive I
January ?015)- {ChaTities SORP (FRS102)) Update Bulletin l issued February 2016, Update
Bulletin 2 i8sued October 2018, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS102) and the Ch￿ltieS Act 2011.
The Charity constitutes a public entity as defined by FRS 102.
The trnstees consider that there are no materI￿ uncertainties about the Clwity's ability to
continue as a going concern.
All income is Tecognised once the charity has entitlement to the income, it is probable that the
income will be received, and tbe amount of incom¢ receivable can be ￿e￿Ure reliably.
enditure Reco
Liabilities are rccogniscd as expenditure ￿ soon as there is a legal or constrnctive obligation
committing the C]wity to the expenditure, it is probably that settletnent be required and
the amount of the obligation can be measured reliably. All expenditure is accountcd foT on an
aCGn￿1,S basis. All expenses including support costs and governance costs are allocated or
apportioned to the applicable expenditure headings.
d)
eon
leActi t
Charitable activities comprise all costs directly incurred in undertaking activities to fmlfil the
ChaTRty's objects. The Cost of charitable activities consists of PTe-School Tunning cosL8,
support costs and governance costs. This includes all Costs involving the public accountsbility
of the Lharity and its compliance with Tegulation and good practice. These costs include costs
related to the independent examination.
ati
As a registered charity, the organisation is exempt from income and corporation tax to the
extent that its income and gains are appli¢able to charitable pU￿oseS only.
Irr¢cov¢rable VAT is charged against the expenditure heading to which it was incU￿ed
ountin
Fundg are classified according to the nmnner in wbich they are allowed to be present. The
unrestiicted general hnd represents the accunlulation of the Charity's income and expenditure
that has not been eanDark¢d for specific projects and is not considered by the TTUStees to be
for a restricted purpose. To the extent that the fimd is repres¢nted by readily realisable assets
it provides a means of financing the day-to-day operations.
Page 8

Creech St Michael Community Pre-school
Notes to the Financial Statements
For the year ended 31 August 2023
g) Fund Accountin
continued
Restrieted funds have been provided to the charity foT PUTposes. and it is the policy of the
board of trustees to carefully monitor the application of those funds in accordance with the
restrictions placed upon them.
ible Fixed Assets
Tangible ftxed assets include the pre-school ball and fixttres and fittings.
Individual f￿ed assets costing £1,000 or more are capitalised at cost.
Land and building are considered to have a high Tesidual value that is equal to the book value
of the asset because the residual value of the properties is maintained by the ongoing
maintenance of the property. Accordingly, no depreciation is charged.
Works wbich do not result in enhancement of economic benefits of a propety are charged to
the Income and Expenditlwe Account.
Plant and rnachinery are stated at historical cost Icss dcprcciatkon so as to wlite off the cost of
tan asset oveT the useful ecollornic life of that asset as follows:.
Plant and machinery- by equal instalments over 10 years.
The useful econornic lives and residual values of all tsngible fixed assets are reviewed
annually.
È) Cash and Cash Equivalents
Cash and cash ¢quival¢nts include cash in hand, deposits and other short-tem highly liquid
investments that are readily convertible to know arnounts of cash with insignificant risk of
change in value.
j) Financial Instruments
The charity ()nly has financial assets and liabilities that qualify as basic financial illstrurnents.
Basic financial instruments are initially recognised as transaction valu¢ and subsequently
measured at amortised ¢osL
k) Critical Accountin
Jud
ements and Estimation Uncertain
Estimates and judgements are continually ¢valuat¢d and are based on historical experience
and adjusted for CUJTeut market conditions or otber factors. The Trustees make ¢stimat¢s and
assumptions concerning the future. The resulttng accounting estimates will, by definition,
scldom be the same as Telated actual results. The estimates, assumptions and management
judgements tbat caTry a significant risk of Tnaterial adjusttnents to the carying amounts of
assets and liabilities within the next financial year are outlined below.
l) Residual values of land and buildin
Land and buildings are not depreciated on the basis that their residual value is at least equal
to their carrying value based on the continual maintenance of these properties. The significant
assumptions applied in deternlining the residual values of our buildings are mainly due to (i)
whether it will continue to be necessary to rnaintain the properties to a certain standard (IT) the
rnaTket value of the properties.
Page 9

Creech St Michael Community Pre-school
Notes to the Financi21 Statements
For the year ended 31 August 2023
2 Trustees Remuneration and Expenses
No remuneration, other ben¢fits or expenses have been paid to any of the ttustees during
the year (2022 - £nil).
3 Tangible Fixed Assets
Land &
Buildings
Plant &
Machinery
Total
Cost
At I September 2022
109,144
16.434
125,578
Addktions
At 31 August 2023
12
reciation
At I September 2022
12,605
12,605
Charge for year
At 31 Au.(Yust 2023
14.248
14,248
Net Book Value
At 31 August 2023
109.144
2,186
111,330
At 31 August 2022
109.144
3,829
112,973
Page 10

Creech St Michael Community Pre-sehool
Notes to the Financial Statements
For the year ended 31 August 2023
4 Statement of Funds
I September
2022
31 August
2023
Income
Eipenditur¢
Unrestrict
92,985
133245
124.437
101.793
Restrict
New Hall fLmd
100,756
100.756
193,741
133 ?45
124,437
202,549
Represented by
Unrestrieted Restricted
Fullds
Funds
Fixed Assets
Net Current Assets
10,574
91,219
100,756
101,793
100.756
The unrestricted funds represent free funds of the Charity, which are not designed for a particular
purpose.
Tbe pre-school purchased a new hall at a cost of £100.756 in the year ended 31 August 2007 out of
nds specifically raised for this purpose.
Prior Year Ststement of Funds
I September
2021
31 August
2022
Ineome
Expenditure
til ted Funds
98,529
112,087
117,631
92,985
trictcd Fun
New HAU fund
100,756
100.756
199.?85
112,087
117,631
193,741
Represented by
Unrestrictsd Restricted
Funds
Fur*ds
Fixed As8et8
Net Currcnt Assets
12.217
80.768
100,756
92,985
100,756
Page 11

Creech St Michael Community Pre-school
Notes to the Financial Statements
For the year ended 31 August 2023
Staff Costs
The average number of staff employed during the period as follows:
2023
2022
The aggregate payroll ¢osts of these persons were as follows."
2023
2022
Wages and salaTies
Pensions
93,816
430
92.005
67
94,236
92.072
There w¢re no employees with emoluments above £60.000 in the year.
The Charity consid¢rs it kcys management personnel to comprise of the nursery
Manag¢r. Total r¢muneration of key rnanagement was: £20,567 (2022. £20,329)
Page 12

Creeeh St Michael Community Pre-school
Trnding Income and Expenditure Account
For the year ended 31 August 2023
Unrestrleted
F￿ndS
Restricted
Total
2023
Total
2022
Funds
Ineome
Donations
Gov¢rnment GraJ)ts- Covid 19
254
254
39
699
Charitable Activities
Fees
Early Years grant
CoTnmissions
Inierest
23,955
107,339
23,955
107,339
25,l16
85,427
225
341
341
Other Trading Activities
Fundraising events alld appeals
1,356
1,356
579
Total Income
133,245
133,245
112,087
Expenditure
Charitable Aetivities
Wages
PlaY￿0￿p supplie8
94.676
2,552
1,667
12,998
772
94,676
2,552
1,667
12,998
772
92,072
3.065
1,481
10,803
916
Establishmellt
Telephone
E- 111
Refreshments
Training
Postage, printing & stationery
Finaucc service costs
Uniforn
Advertising
Depre¢iation
1,496
317
540
4,543
1,496
317
540
4,543
708
(430)
457
4.604
1,643
E,643
1,643
Other
Miscellaneous
3,233
3,233
2.312
Total Expenditure
124,437
124.437
117,631
Net tneorne
8,808
8,808
(5.544)
Reconclliation of Funds:
Total Funds Brought Forw2rd
92.985
100,756
193,741
199.285
Total Funds Carried Fonyard
101,793
ROO,756
202,549
193,741
Page 13