St Luke's Pre-School Nursery Limited Charity Accounts

ST LUKE'S PRE-SCHOOL NURSERY LIMITED - Company Information

6 false false true false false false false true false false false false false true true true No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021_Charity xbrli:pure xbrli:shares iso4217:GBP 04822755 2021-01-01 2021-12-31 04822755 2021-12-31 04822755 2020-12-31 04822755 2020-01-01 2020-12-31 04822755 2020-12-31 04822755 2019-12-31 04822755 core:MotorVehicles 2021-01-01 2021-12-31 04822755 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 04822755 char:Trustee1 2021-01-01 2021-12-31 04822755 char:Trustee2 2021-01-01 2021-12-31 04822755 char:Trustee3 2021-01-01 2021-12-31 04822755 bus:CompanySecretary1 2021-01-01 2021-12-31 04822755 char:TotalUnrestrictedFunds 2020-12-31 04822755 char:TotalUnrestrictedFunds 2021-12-31 04822755 char:TotalUnrestrictedFunds 2020-12-31 04822755 char:TotalUnrestrictedFunds 2021-01-01 2021-12-31 04822755 char:TotalUnrestrictedFunds 2020-01-01 2020-12-31 04822755 core:WithinOneYear 2021-12-31 04822755 core:WithinOneYear 2020-12-31 04822755 core:MotorVehicles 2020-12-31 04822755 bus:FRS102 2021-01-01 2021-12-31 04822755 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04822755 bus:FullAccounts 2021-01-01 2021-12-31 04822755 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04822755 core:OfficeEquipment 2021-01-01 2021-12-31 04822755 core:OfficeEquipment 2020-12-31 04822755 core:OfficeEquipment 2021-12-31

COMPANY REGISTRATION NUMBER: 04822755

CHARITY REGISTRATION NUMBER: 1099243

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2021

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2021

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2021 .

Reference and administrative details

Registered charity name	St Luke's Pre-School Nursery Limited

Charity registration number	1099243

Company registration number	04822755

Principal office and registered	St Luke's Church Centre
office	Blackbrook Drive
	Sheffield
	S10 4LS

The trustees

	Mr A Combe
	Ms C Marr
	Mr P Drake

Company secretary	Alan Combe

Independent examiner	Stephen Allen ACA FCCA
	Omega Court
	364-366 Cemetery Road
	Sheffield
	S11 8FT

Structure, governance and management

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Alan Combe

Claire Marr

Philip Drake

Trustees are selected on the basis of their previous experience in either business or education and are expected to fulfill the requirements of Ofsted in terms of registration and DBS. There is no constitutional provision or entitlement for the appointment of trustees. New trustees are required to be approved by Ofsted. The Charity is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association; its principal address is St Luke's Church Centre, Blackbrook Drive, Sheffield, S10 4LS.

The management team is responsible for making day to day decisions. For longer term planning and business matters, management and directors jointly make decisions. Directors are responsible to members. The trustees delegate day to day management to the nursery manager and deputy manager who report regularly to the trustees. Professional advice is available from the Pre-School Learning Alliance, Sheffield City Council Early Years Team and Sheffield Safeguarding Board amongst others.

The charity’s members are trustees of St Luke’s Church. The nursery works well with the church vicar and children's workers who visit each term. The nursery has close working relationships with various health and educational professionals in order to meet the needs of the children and families who attend. The nursery has membership of the Pre-school Learning Alliance who provide training, support and legal advice. Pay levels are reviewed annually by directors and agreed with management within affordable limits.

Objectives and activities

The Charity's objects are set out in the company's Articles adopted by special resolution 16 July 2014 registered at Companies House 29 July 2014. The policies adopted in furtherance of these objects are the advancement of education (including the spiritual development) of children below compulsory school age and (outside school hours) of children of primary school age and the provision of recreation for such children in the interests of social welfare and with the object of improving their conditions of life by providing for children of all faiths and none, without discrimination, a safe and satisfying pre-school and out of school experience with a Christian environment where Christian beliefs and values are promoted and upheld. This will be in accordance with the mission of St Luke's Church, Lodge Moor which seeks to provide services to the community and to promote Christianity within it. Instigating and adhering to and furthering the aims of the Pre-School learning alliance. There has been no change in these during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission 's guidance on public benefit.

Main activities

The main activities of the nursery relate to the education of children below the compulsory school age and (outside of school hours) of children of primary school age including the provision of recreation. This is achieved by the provision of the following:

- Day care for children aged 1-11 years old from 7.30 am to 6.00 pm, Monday to Friday, 51 weeks a year

- Ofsted registered pre-school nursery for 1-4 year olds providing the Government's 15 hour and 30 hour grant scheme

- Holiday club for all children aged 1-11 from 7.30 am to 6.00 pm during school holidays

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Summary of main achievements

The provision of care for children from 12 months has become popular and during 2021 we increased numbers to around the maximum of 3 each day.

This year we successfully transitioned 20 children to their chosen schools in September.

More families are taking up the option of a 51-week contract instead of term time only meaning we are busier during the school holidays.

Fortunately, COVID 19 did not impact the running of the setting significantly, with the nursery only having to close once in July due to a single positive case and children and staff needing to self-isolate.

The Nursery Directors wish to place on record their appreciation of the work of the Nursery staff in faithfully operating the Nursery during the continued difficult circumstances of the Covid pandemic.

Financial review

The accounts for the year ending 31 December 2021 showed a net surplus of £6,498 (2020: £5,227 net surplus).

Due to COVID and many parents working from home and after years of reducing numbers the decision was made to cease providing the breakfast and afterschool clubs for school children and the minibus was disposed of. School children are still welcome during the school holidays, but the take up is generally from siblings of nursery children.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees' annual report and the strategic report were approved on 20 April 2022 and signed on behalf of the board of trustees by:

Mr A Combe

Trustee

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of St Luke's Pre-School Nursery Limited

Year ended 31 December 2021

I report to the trustees on my examination of the financial statements of St Luke's Pre-School Nursery Limited ('the charity') for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’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 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 charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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 financial statements 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.

Stephen Allen ACA FCCA Independent Examiner

Omega Court 364-366 Cemetery Road Sheffield S11 8FT

20 April 2022

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2021

	2021		2020
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	68,962	68,962	97,568
Charitable activities	6	71,463	71,463	45,151
Other trading activities	7	72	72	169
Investment income	8	9	9	72
Other income	9	–	–	42
		---------	---------	---------
Total income		140,506	140,506	143,002
		---------	---------	---------

Expenditure

Expenditure on charitable activities	10,11		136,008	136,008	137,775
Other expenditure		13	( 2,000)	( 2,000)	–
			---------	---------	---------
Total expenditure			134,008	134,008	137,775
			---------	---------	---------

	---------	---------	---------
Net income and net movement in funds	6,498	6,498	5,227
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	39,962	39,962	34,735
	---------	---------	---------
Total funds carried forward	46,460	46,460	39,962
	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2021

	2021	2020
Note	£	£

Fixed assets

Tangible fixed assets	18	180	–

Current assets

Debtors	19	1,099	1,962
Cash at bank and in hand		50,973	39,080
		-------	-------
		52,072	41,042

Creditors: amounts falling due within one year	20	5,792	1,080
		-------	-------
Net current assets		46,280	39,962
		-------	-------
Total assets less current liabilities		46,460	39,962
		-------	-------
Net assets		46,460	39,962
		-------	-------

Funds of the charity

Unrestricted funds		46,460	39,962
		-------	-------
Total charity funds	23	46,460	39,962
		-------	-------

For the year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 20 April 2022 , and are signed on behalf of the board by:

Mr A Combe

Trustee

St Luke's Pre-School Nursery Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is St Luke's Church Centre, Blackbrook Drive, Sheffield, S10 4LS.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Every member of the Charity undertakes to contribute such amount as may be required (not exceeding £10) to the Charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for payment of the Charity's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

5. Donations and legacies

Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
£	£	£	£

Donations

	Donations and gifts	–	–	5,173	5,173

Grants

Nursery grant	61,023	61,023	87,433	87,433
Other grants	7,939	7,939	4,962	4,962
	-------	-------	-------	-------
	68,962	68,962	97,568	97,568
	-------	-------	-------	-------

6. Charitable activities

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Fees	71,463	71,463	45,151	45,151
	-------	-------	-------	-------

7. Other trading activities

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Fundraising	72	72	169	169
	----	----	----	----

8. Investment income

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Interest receivable	9	9	72	72
	----	----	----	----

9. Other income

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Sundry income	–	–	42	42
	----	----	----	----

10. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Nursery	134,745	134,745	137,175	137,175
Support costs	1,263	1,263	600	600
	---------	---------	---------	---------
	136,008	136,008	137,775	137,775
	---------	---------	---------	---------

11. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2021	Total fund 2020
	£	£	£	£
Nursery	134,745	63	134,808	137,175
Governance costs	–	1,200	1,200	600
	---------	------	---------	---------
	134,745	1,263	136,008	137,775
	---------	------	---------	---------

12. Analysis of support costs

	Nursery	Total 2021	Total 2020
	£	£	£
Gains on disposal of tangible fixed assets	(2,000)	(2,000)	–
	------	------	----

13. Other expenditure

	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
	£	£	£	£
Gains on disposal of tangible fixed assets	( 2,000)	( 2,000)	–	–
	------	------	----	----

14. Net income

Net income is stated after charging/(crediting):

	2021	2020
	£	£
Depreciation of tangible fixed assets	63	–
Gains on disposal of tangible fixed assets	(2,000)	–
	------	----

15. Independent examination fees

	2021	2020
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	600	600
	----	----

16. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2021	2020
	£	£
Wages and salaries	103,756	101,910
Social security costs	4,061	3,020
Employer contributions to pension plans	1,795	1,482
	---------	---------
	109,612	106,412
	---------	---------

The average head count of employees during the year was 6 (2020: 6 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2021	2020
	No.	No.
Nursery staff	6	6
	----	----

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

17. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

None of the Trustees (or any person connected with them) received any payment of expenses in the year (2020: £NIL).

18. Tangible fixed assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 Jan 2021	15,561	1,132	16,693
Additions	–	243	243
Disposals	( 15,561)	–	( 15,561)
	-------	------	-------
At 31 Dec 2021	–	1,375	1,375
	-------	------	-------
Depreciation
At 1 Jan 2021	15,561	1,132	16,693
Charge for the year	–	63	63
Disposals	( 15,561)	–	( 15,561)
	-------	------	-------
At 31 Dec 2021	–	1,195	1,195
	-------	------	-------
Carrying amount
At 31 Dec 2021	–	180	180
	-------	------	-------
At 31 Dec 2020	–	–	–
	-------	------	-------

19. Debtors

	2021	2020
	£	£
Trade debtors	88	–
Prepayments and accrued income	782	1,962
Other debtors	229	–
	------	------
	1,099	1,962
	------	------

20. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	1,612	–
Accruals and deferred income	1,760	1,080
Social security and other taxes	2,183	–
Other creditors	237	–
	------	------
	5,792	1,080
	------	------

21. Deferred income

	2021	2020
	£	£
At 1 January 2021	480	3,628
Amount released to income	–	(3,148)
Amount deferred in year	80	–
	----	------
At 31 December 2021	560	480
	----	------

22. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 1,795 (2020: £ 1,482 ).

23. Analysis of charitable funds

Unrestricted funds

	At 1 Jan 2021	Income	Expenditure	At 31 Dec 2021
	£	£	£	£
General funds	39,962	140,506	(134,008)	46,460
	-------	---------	---------	-------

	At 1 Jan 2020	Income	Expenditure	At 31 Dec 2020
	£	£	£	£
General funds	34,735	143,002	(137,775)	39,962
	-------	---------	---------	-------

24. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2021
	£	£
Tangible fixed assets	180	180
Current assets	52,072	52,072
Creditors less than 1 year	(5,792)	(5,792)
	-------	-------
Net assets	46,460	46,460
	-------	-------

	Unrestricted Funds	Total Funds 2020
	£	£
Tangible fixed assets	–	–
Current assets	41,042	41,042
Creditors less than 1 year	(1,080)	(1,080)
	-------	-------
Net assets	39,962	39,962
	-------	-------