Registered Charity No: 900518 Creech St Michael Communi Pre-sehool. Unaudited Re rt and Financial Ststements for the Year Ended 31SI Au ust 2025
Creech St Michael Community Pr¢-Sehool. UDaudtted Report and Financial Stxtements for the Year Ended 31" August 2025 CONTENTS PAGE General infomiation Annual Report of the Trustees Independent Examiner's Report Ststement of Financial Activities Balanc¢ Sheet Notes to the Accounts 8-12 Income and Expenditure Account 13
Creech St Michael Community Pre-school. Annual Report and Financial Statements for the Year Ended 31" August 2025 Registered Charity Number 900518 Registered Address: Creech St Michael Community Pre-school Hyde Lane Creech St Michael Taunton Somerset TA3 5QQ Trustees: Katharine GrilthS- Treasurer & Chair (Resigned from treasurer on 30 September 2024) Samantha Self- Trc&surcr (Appointcd treasurer 30 September 2024 & resigned from treasurer 8 October 2025) Rachel Winter- (Resigned 8 October 2025) Emily Lawrence- (Appointed 30 September 2024 & resigned 8 October 2025) Richard Whil¢- (Appointed 30 September 2024 & resigned 8 October 2025) David Richardson- Treasurer (Appointed 8 October 2025) Katie Sedgbeer- Secretary (Appointed 8 Oclober 2025) Leanne Cooper- (Appointed 8 October 2025) Sarah Sebire- (Apwinted 8 October 2025) Matt Stevens- (Appointed 8 October 2025) Ind¢pcndcnt Examiner: Miss A Cleaveley F.C.C.A., A.T.T Michael J. Dodden & Co. Chartered Certified Accountsnts 34 North Street Bridgwater Somerset TA6 3YD Bank¢rs: National Wcstminstcr Bank plc 135 Bishopsgate London EC2M 3UR Page I
Creech St Michael Community Pre-school. Annual R¢port of ihe Trusteos For the Year Ended 315t August 2025 Creech St Michael Pre-school is an unincortK)ratcd Charity rcgi5tcrcd with the charity ¢ommi5sion in England and Wales, number 900518. The Charity 15 governed by its PLA P-S constitution dated 15 July 1999. The TTUStees of the Charity as listed on page l are apJK)inted by the Committee at the AGM. Aims and Ob ectives The aims of the a550ciation 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 parenls may help the children (C) Furthering the aims of the pre-school playgroups association. The objectives of the Ch8rity are to provide education and development of the pre-school through play and learning, and to prepare them for s¢hool. The pre-school accepts childcare vouchers operated by employers in addition to the Nursery Education Funding* both of which allow inclusion for children from low-incoTne families. The Charity operates using standard committee procedures with the financial side being undertaken by an independent officer. The TTUStees confirni ihat they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. Methods used to A oint Trusttts The Trustees initially volunteer and we then nominated and seconded by the committee at an AGMlSGMGM. An eligibility declaration fom is then completed and then the DBSIOfsted registration process begins. Reserves Poli A minimum of £10,000 should be retsined to cover day to day expenditure for a period for 3 months. A minimum of £5,000 should be specifillY retsined for if the building were to become unavailable. A minimum of £15.000 should be retained to cover future staff costs. As of 31 August 2025. the charities unrestricted reserves stood at £93.170 (2024: £108.129) of this £8.795 {2024: £8,931) 15 held as fixed assets leaving £84,375 (2024: £99.198) of free re5erYes. This exceeds the targeted minimum level of reserves of £30,0(K). Page 2
Creech St Michael Community Pre-school. Annual Report of tbe Trustees (continued) For the Year Ended 31st August 2025 It has been a busy year at prc5chool. and I would like to thank all the committee members and staff for a really successful year. In September 2024 we welcomed Mandi into the team as the new manager. and l think we can all agree she has been fantastic over the last year. Behind the scenes, she has been doing a lol of hard work sorting the admin side of preschool life, as well as being present for the children and bringing in fresh ideas and empowering our existing staff. Lily has also stepped up to be a55i5tant manager in the last year, and l think she is doing an excellent job in the role as well as her Senco responsibililies. We were sad to lose one of our longest serving stsff members, Mandy, from the end of the summer due to personal reasons. We hope she is able to enjoy her time with her family. and hope lo still see her at preschool fmm time to tirne. We a150 sadly said goodbye to Victoria earlier in the year to a career change. It has been really lovely to see all of the team develop and grow over the last year, and its been a pleasure to see everyone having an input in the curriculum and the team seems to run 50 smoothly. I have loved hearing about all the fun learning thc children have been doing, and the regular newsletter has b£en great to keep parents infotmed and involved. We have had a quieter year fundraising due to a smaller committee but I have been so lucky to have the support of all the committee members throughout the year and I will greatly miss those who will be stepping down this year. We were able to have a successful Chrislmas raffle again. and put on a Sports Day and Graduation celebration as well. We also had an Easter craft day and held dress up days. Som¢ of the money from previous donations was put towards some much needed upgrades to th¢ furniture and storage in the pr¢5chool. The staff has been keeping up with the constant need for continued trainin8. and Sam is due to hopefully start her NVQ Level 3 in ihe coming months. I would like to thank them all for iheir dedication to continued professional development and supporting our childrcn to grow and develop. I really apprcciate each and cv¢ry one of you, thank you for making the preschool th¢ lovely place it 15. I would like to thank all the committee members, especially Sam and Rachel who have been absolutely invaluable 5in¢e l joined the cornmittee. It is so lovely to have such an active committee to help the pr¢school gro. and they have both been amazing personal supports for me over the past few years. I look forward to seeing what the next year brings, and look forward to welcoming the new committee members. Page 3
Creech St Michael Community Prechool. Annual Report of the Truslees (continued) For the Year Ended 31 August 2025 Statement of trustee's responsibilitie5. The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards including Financial Reporting Sthndard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prnctice) The law applicable to charities in Fgland & Wales requires the trnstees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of ihe income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: Select Suitable accounting policies and then apply them consistently. Observe the methods of principl&8 in the Charitie5 SORP. Make judgments and accounting estimates that are reasonable and prudenL Stale whether applicable accounting standards have been followed, subject w any rnaterial departures disclosed and explained in the financial statements. and Prcpare thc financial statements on the going concern basis unless it 15 inappropriate to presume that the charity will continue in business. The trustccs are responsible for mainlaining 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 statemenis comply with the Charilies Act 2011, the Charity (Accounts and Reports) Regulation5 2008 and the provision for the constitution. They are also responsible for safeguarding the &8sets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of thc charity and financial information included on the charity's website. Legislalion in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Twstees on 26 May 2026 and signcd on their behalf by: Ms Kathar riffiths-chair Date Page 4
Creech St Michael Community Pre-school. Independent ExamKner's Report to the Trustees ofcreecb St Michael Community Pre-Sthi)ol For the Year Ended 31st August 2025 I report on the accounts of Creech St Michael Community Pre-school for the year ended 31 August 2025 which are set out on pages 6- 13. Responsibilities and basis of report. As the charity trustees of the charity, you are responsible for the preparation of the accounts in accordance with the rquirements of the Charities Aci 2011 ('Xh¢ Act") I report ID respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by thc Charity Commission under section 145 (5)(b) ofthe ACL Independent examiners. statement. I have cornpleted my examination. J can confinn that no material matters have come to my attention in connection wilh the examination giving me cause tr) believe that in any material respect. (l ) 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 ac¢ounls do noi comply with the applicable requirements concerning the fonn and conl¢nts of the accounts set out in the Charili¢5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give *rue and fair view" which is not a matter considered as part of an ind¢pendent examination. I have no concerns and havc comc acTO55 no othcr ma¢ters in connection with the examination io which attenlion should be drawn in this repjrt to enable a proper understanding of the accounts to be reached. Miss A Cleavel ".C.C.A.. A.T.T Michacl J Dodden & Co Chartered Certified Accountants 34 North Strcet Bridgwater Somer5et TA6 3YD Date....... Page 5 Creech St Michael Community Pre-school
Statement of Financial Activities For the year ended 31 August 2025 Unrestricted R&stricted Funds Funds 2025 Tijtal 2024 Tolal Income Donations & legacies Charitable activities- Pre-school income Commissions receivable Other trading activities Investment income 201 111,439 201 111,439 798 125.824 508 483 508 483 1,538 756 112,631 112,631 128,916 Expenditure Charitsble Activities- Pre-school Runnin8 costs 119,141 93 119.141 93 122,481 99 Other 119.234 119,234 122,580 Net Incom¢/(Expenditure) Net movement in funds. (6,603) (6.603) 6.336 Reconciliation of funds: Tolal 14unds Brought Forward 108,129 100.756 208.885 202.549 Totsl Funds Carried Forward 101,526 100.756 202,282 208,885 The note5 on pages 8- 13 forni part of these financial statements Page 6
Creecb St Michael Community Pre-school Balanee Sheet 2131 August 2025 2025 Total 2024 Total Note Fixed A&sels Land and Buildings Plant and Machinery 109,144 407 109.144 543 109.551 109,687 Current Assets Debtors Cash and cash equivalents 1.957 96,202 3.111 103,969 98,159 107,080 Current Liabililios Creditors 5,428 7,882 Net Current Assets 92.731 99.198 Net Assets 202,282 208.885 The Funds of the Charity R¢stricted Funds 100,756 100,756 Unrestrictcd Funds 101,526 108,129 Total Charity Funds 202,282 208,885 Thcse accounts have bcen approved by the committee and are Signed on their behalf by: . Ms Katharine Grilths. Chair Date . Mr David Richardson, Treasurer .4.].6 J. 16 . Date The notes on pages 8 and 13 forni part of these financial ststements. Pagc 7
Creech St Michael Community Pre-school Notes to the Financial Statements For the year ended 31 August 2025 l Accountlng Policies The financial statements have been prepared under ihe hisiorical cosl convention with ilems r¢cognised at cost or transaction value. The financial statements have been prepared in accordance wilh the Accounting and Rewjrting by Charilies: stament of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) (effective I January 2015)- (Charities SORP (FRS102)) Update Bulletin l issued February 2016, Update Bulletin 2 issued October 2018, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland {FRSI 02) and the Charities Act 2011. The Charity constitutes a public entity as defined by FRS 102. The trust¢¢s consider that there are no material uncertainties about the Charity's ability to ontinue as a going concern. mcRe All income is recognised once the charity has entitlement to the income. it is probable thal the incomc will be received, and the amount of income receivable can be measure reliably. en Rec Liabilities are recognised as expenditure a5 soon as there is a legal or eonstTUCtive obligation committing the Charity to the expendilure. it is probably that seitlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses including sUPPOrt cosls and governance w5ts are allocated or apportioned to the applicable expenditure headings. d) Charitable activilies comprise 811 costs directly incurred in undertaking activities to fulfil the Charity's objects. The cost of charitable activities wnsists of Pre-school running costs, support costs and governance costs. This includcs all costs involving thc public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examinalion. As a registered charity. the organi5*ion is exempt from income 2nd corporation tsx to the extent that its income and gains are applicable to charitsble purposes only. vera Irrecoverable VAT is charged against the expenditure heading to which At was incurred Funds are classified according to the manner in which they are allowed to be present. The unrestricted general fund represents the accumulation of the Charity's income and expenditure that has not been earmarked for specific projects and is not Considered by the Trustees to be for a restricted purpose. To the extent that the fund is represented by readily realisable assets it provides a means of flnancing thc day-to-day operdtions. Page 8
Creech St Miehael Community Pre-school No¢es to the Financial Statements For the year ended 31 August 2025 g) Fund Accountin continued Restrictcd funds have been provided to the charity for PUTposes, and it is the policy of the board of tnjstees io carefully monitor the application of those funds in accordance with the restrictions placed U)Th them. ible Fixed Assets Tangible fixed assets include the pre-school hall and fixtures and fittings. Individual red &5sets costing £l.000 or more are capitalised at cost. Land and building are considered to have a high residual 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 which do not result in enhancement of economic benefits of a property are charged to the Income and Expenditure AccounL Plant and machinery are stated at historical cost less depreciation so as to vnite off the cost of tsn asset over th¢ useful economic life of that asset as follows:. Plant and machinery- by equal instalments over 10 years. The useful economic lives and residual values of all tangible fixed assets are reviewed annually. i) C3sh and Cash uivalents Cash and cash equivalents include cash in hand. deposits and other short-terni highly liquid inve5lments that are readily convertible to know amounts of cash with insignificant risk of changc in value. j) Financial Instruments The charity only has financial ets and liabilities that qualtfy as basic financial instruments. Basic financial instruments are initially recognised as transaction value and subsequently measured at amortised cost. k) Critical Accountin Jud ements and Estimation Uncertain Estimates and judgements are continually evaluated and are based on historical experience 2nd adjusted for current rnarket conditions or other factors. The Trustees make estimates and assumptions concerning the future. The resulting accounting eslimates will, by definilion, Seldom be the same as r¢latcd actual results. The estimates, assumptions and management judgements that carry a significant risk of material adjustments to the carrying amounts of assets and liabililies 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 residu21 value is at least equal to th¢ir carrying value based on the continual maintenanc¢ of th¢5e propertics. The significant assumptions applied in detemlining the residual values of our buildings are mainly due to (i) whether it will continue to be necessary to maintain the properties to a certain standard (li) the market valuc of the properties. Page 9
Creech St Michael Community Preaschool Notes to the Financial Statements For the year ended 31 August 2025 2 Trustees Remuneration aDd Expense5 No MUneration, other benefits or expenses have been paid to any of the truslees during the year (2024 - £nil). 3 Tangible Fixed A&sets Land & Buildings Plant & Machinery Total C05t At I September 2024 109,144 16.434 125,578 Additions At 31 August 2025 12 recTation At I Scptcmber 2024 15.891 15,891 Charge for year 136 At 31 August 2025 Book Value At 31 August 2025 109,144 407 109,551 At 31 August 2024 109,144 543 109,687 Page 10
Creech St Michael Community Pre-school Notes to the Fin2neial Statements For the yvar ended 31 August 2025 4 Statement of Fund5 I September 2024 31 August 2025 Income Expenditure 108.129 111631 119.234 101.526 New Hall fund I.750 100,756 208.885 111631 119,234 202.282 Repr¢s¢nted by Uttrestricted RtrICted Funds Funds Fixed Assets Net Current Assets 8,795 92.731 100.756 101.526 100.756 The unrestricted funds represent free funds of the Charity. which are not designed for a particular purpose. The pre-school purchased a new hall at a cost of £100.756 in the year ended 31 August 2007 out of funds specifically raised for this purpose. Prior Year Statement of Funds I September 2023 31 August 2024 IDCOtDe EipeDditure nrestricted 101,793 12&916 122.580 108.129 New Hall fund l(Kl,756 100.756 202,549 128.916 122.580 208.885 Repr¢s¢ntrd by Uttrestrieted Restrie(ed FvDds Funds Fixed Ass¢Ls Net Current Assets 8,931 99.198 100,756 108.129 100.7S6 Pagell
Creech St Michael Community Pre-sthool Notes to the Financial Statements For tbe yearended 31 August 2025 Staff Costs The average nurnber of staff employed durlng the period was as follows: 2025 2024 Th¢ aggregate payroll costs of these persons were as follows: 2025 2024 Wages and salaTies Pension5 93.947 1.568 93,625 95,515 94,636 There were no employees with emoluments above £60,000 in the year. The Charity considers it keys management personnel to comprise of the nursery Manager. Total remuneration olkey management was: £26.624 {20?4 £15,167). Page 12
Creech St Michael Community Pre-school Trading Income and Expenditure Account For the year ended 31 August 2025 UDrestri¢¢ed Funds Restricted Total 2025 To¢al 2024 FUd$ Income Donalion5 201 798 Charitable Artivities Fees Early Years grdnt Interest 14,791 96.648 483 14,791 96.648 483 26,905 98.919 756 Other Trading Activities Fundraising ¢vents and aprxals 508 508 .538 Total Income 111631 112.631 128.916 Expenditure Charitable A¢tivitKes Wages Playgroup supplies Upkeep Establishment Telephon¢ Refreshments Training P05tage. printing & stationery Finance service costs Repairs Unifornis Depreciation 95.515 2.962 1.541 9.634 1.339 910 380 652 4.006 1.127 95.515 2.962 1.541 9.634 1.339 910 380 652 4,006 1.127 949 136 94.636 1,864 .439 6.168 ,202 1.002 414 320 4.383 7,959 949 1,643 136 Other Miscellaneous 1,032 1.032 601 Tot*1 Expend5ture 119.234 19.234 122.580 Net In¢om¢ (6.603) {6,603) 6,336 Reconc51iation of Funds: Totsl Fund5 Brought Forward 108.129 100.756 208.885 202.549 Totsl Funds Carried Forward 101.526 100.756 202.282 208.885 Page 13