Come owe Under Fives Preschool Chari Number 1019847 General Re rt of the Committee forthe Year Endin 31 Jul 2024 The Committee present herewith their report and the accounts for the year ending 31 July 2024. Legal Information The preschool is a registered charity {charity number 1019847} and is governed by its constitution which was originally adopted on 16 January 1986 (latest amendment September 2002). The aim of the preschool is to enhance the development and education of the children (primarily under statutory school age) by encouraging parents to understand and provide the needs of their children through community groups and by: a. Offerin8 appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of the preschool, ensuring that the preschool offers opportunities for all children regardless of race, culture, religion or means. b. Encouraging the study of the needs of such children and their families and promoting public interest in and reco8nition of such needs in local areas. c. Instigating, adhering to and furthering the aim of the Early Years Alliance. The Committee may appoint a member of the Committee. There will be three officers {Chair, Treasurer and Secretary) and not less than two but nor more than nine members. Other Informatlon Principal Office Comeytrowe Community Hall Pitt5 Close Galmington Taunton TAI 4TP Banking Provlder Santander UK l Fore Street Taunton TAI IHH Independent Examiner Jon Shorney BA FCA Maxwells Chartered Accountants 4-5 Kings Square Bridgwater TA6 3YF Committee The Committee of Comeytrowe Underfives Preschool on 31 July 2024 were as follows: Chairsarah Greenslade Treasurer Becky Meikle Secretary Victoria Williams Sarah Greenslade Chair Date: Is.os.a Comeytrowe Under Fives Preschool Charity Number 1019847 Financial Report of the Committee for the Year Ending 31 July 2024 The 2023/24 financial year yielded a surplus for the period of £1,787. Although this surplus was down on previous years, we did continue to see marginal growth in income with an increase of 3.6% on 2022/23. 2023/24 also saw an anticipated increase in expenses, with the main increase attributable to salary costs, which increased 13/0 on the previous year. The committee agreed to increase pay rates in line with the national living wage increase to ensure the dedicated and highly skilled workforce are paid competitively. Cash held at the end of the financial period was £228,772 compared to £225,285. The charity is well placed financially going forward into the 2024125 year. However the committee is mindful of the challenges facing the charity going forward with further increases in staff costs together with new childcare funding schemes and rates. To that end funds have been set aside to ensure the charity can continue to operate under challenging circumstances. The charity also continues to invest in resources for the day to day learning and playi together with improving the preschool Setting with purchases of replacement furnishings, furniture and play equipment. Further garden maintenance will be required next year. with planned work to replace further fencing with long life metal fencing. Becky Meikle Treasurer Date.. Ibl . Independent examinerfs report to the charity trustees of Comeytrowe Under-fives Preschool. I report on the accounts of the Trust for the year ended 31 July 2024. Responsibilities and basis of the report. As the charity's trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust'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 the Charity Commission under Section 14515)(b} of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 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. 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 to enable a proper understanding of the accounts to be reached. Signed Name: Jon Shorney Relevant professional qualification or body: FCA Address.. 4-5 Kings Square. Bridgwater, TA6 3YF Date: 21 24Ay Comeytrowe Under Flves Preschool Charity Number 1019847 Prolltand ioss AC￿untforYe￿r endlnB3Y07124 20W24 202¥23 Movement INCOME Direct Income EYE & 2YO funding Fees PINF INC DAFINC Grants Interest Re￿iVed £199,7(K) £49,626 É192,428 £42,058 £8,374 £7,272 £7,568 -£8.374 £59 £1,889 £859 £4,877 £1,180 £2,988 £472 £247.120 £9,123 Fundraislns Fundraising INC HM CoLFrt5 TOTAL INCOME £i.i( £D £1.145 £51 -£39 -£51 £Z57,318 £2￿316 £9,032 EXPENDITURE Direttcosts Staff Tax and Employer'5 Nl Pension contributior15 Hall hire Artivities Imusic bu8S, Sports coach etcl Equipment Payroll support £174,831 £18.097 £8.913 £16.203 £6,134 £2,747 £i,i £154,359 £19,153 £7,770 £11,868 £6,230 £4,627 £1,125 £20.472 -£1,056 É1,143 .£96 -£L8&J £2Z&I 2,983 Other Costs Teachlng m8terials/resouros Training Phone and broadband Statlonery and printing DBS thecks (staff and eommitteel Fareshare Groceries Kindersoft Staff welfare Subsuiptions Staff UnÉform Of5ted registration Gr0￿ries & Consumables Christmas Advertisin￿WebsIte Petty (ash Bank charges/Professional fees Fundraising EXP Maintenance and upkeep DAF EXP HNFEXP Leavers Insurance and PLA Membership £4,083 £3,849 £9S8 £812 £332 £1,3CIJ £3.581 £1,106 £8 -£148 -£66 £450 -£120 .£332 .U39 -£269 £638 £1.330 £249 £970 £1,469 £5 £1,383 £294 £LI52 £285 £302 £0 £893 £1,669 £2,377 £755 £231 £6,189 £1,610 £2,IxrJ £746 £5,2 -£70 £191 -£491 £391 £263 É2CO £754 £27.447 E19.237 TOTAL EXPENDIWRE £224369 i, Surplus / Ideficitl of Income ovèr EY[￿ndit￿re £24947 Come rowe nd i Fives Pr Charl Number 1019847 Bèlart￿ Sheetas at 31Jul 2024 CurrentAssets CurrentAccount DepositAccount Debtors Petty Cash £66,(A83.26 £162,687.57 £1,￿6.￿) £1.09 £￿.7￿82 £111.813.97 £113,469.47 £142,92L96 £58,414.54 £i.(B £232,043.D7 £225,284.53 £1.09 £20L337.59 Pr￿PaYments Deposit on keys Stock £526.68 £75.(K) £5DJ.CM) £75.QJ) £75.C i(n.68 £575.LX) £50J.CQ £575.00 Totsl Assets £225,859.53 £20L91L59 Curreni Uabilitles ditors/Accruals T¢7lal tiabilitles £4,194.15 £4￿4. £o.c EO.CO NetCuYreM Assets £227.64&35 25,859.53 £201,912.59 Financed by: Balance brOUghtfo￿ard Surplu51 Ilossl for the year £225,859.53 £L786.82 £227,646.35 £201912.59 £23,946.94 £225,859.53 £174,74&50 £27,164.09 £20L91159 £o.oJ £0.00 £o.c Sarah Greenslade Chair Date: IS .OS.aoas