Victoria Road Pre-School Tilehurst Village Hall Victoria Road Tilehurst, Reading RG31 5AB
Registered Charity Number: 1020175 Ofsted Number: 116836
Telephone: 07989 261637
October 2024
Dear Committee & Parents,
Victoria Road Pre-School AGM
I would like to thank Jo & the staff for all their efforts over the last year. The feedback received from last year’s parents survey was very positive and I know the staff really appreciated all their lovely comments.
Funding from Brighter Futures for Children (RBC) is our main income. Their funding has increased over the last year and so, in line with them, we raised fees for 2-year-olds in April.
We asked for half termly donations last year which provided extra resources and treats for the children and our graduation ceremony in July generated a lot of donations too. We also received a donation of £1,430 from a Crawshay Pre-School in Caversham, which closed in July 2023, and a £250 donation from a local couple. These were a fantastic boost to our funds and helped pay for new toys and experiences for our children.
Our major expenses are payroll & rent. We employed Holly in April and Liffy this September, this is to enable us to take on more children if needed and to give us more flexibility to cover sickness and absence etc.
We have had a good year financially and are in positive figures for the first time in several years. Well done Jo and the team!
With best wishes,
Sharon Hammond
Treasurer, Victoria Road Pre-School
Victoria Road Pre-School
Profit and Loss
August 2023 - July 2024
| TOTAL | |
|---|---|
| Income | |
| Admin Fees | 100.00 |
| Donations | 2,854.00 |
| Fundraising | 953.18 |
| Graduation fundraising | 309.00 |
| Interest | 390.52 |
| RBC Funding | 117,137.75 |
| Sales | 11,134.00 |
| Uniform | 12.50 |
| Total Income | £132,890.95 |
| GROSS PROFIT | £132,890.95 |
| Expenses | |
| Advertising/Promotional | 269.74 |
| Computer Costs | 316.99 |
| Gift | 64.38 |
| Insurances | 848.48 |
| Nest Pension | 3,779.95 |
| New Equipment | 1,383.90 |
| Other Professional Services | 2,226.23 |
| Payroll Expenses | 92,288.92 |
| Phone Costs | 400.55 |
| Pre-School Supplies | 1,769.39 |
| Printing, Postage and Stationery | 60.18 |
| Raising funds | 149.93 |
| Rent or Lease of Buildings | 11,182.00 |
| Staff Training | 3,412.59 |
| Taxes Paid | 6,408.06 |
| Uncategorised Expense | 0.00 |
| Uniform Expense | 394.04 |
| Total Expenses | £124,955.33 |
| NET OPERATING INCOME | £7,935.62 |
| NET INCOME | £7,935.62 |
1/1
Accrual Basis Monday 23 September 2024 11:38 am GMT+01:00
Victoria Road Pre School
(1020175)
Report to Trustees of accounts for the year ended 31[st] July 2024
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees who are also the directors of the company for the purpose of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (The Act) and that an independent examination is needed.
Having satisfied myself the company is not subject to an audit under charity and company law and is eligible for independent examination, it is my responsibility to:
-
Examine the financial statements under section 145 of the act.
-
Follow the procedure laid down in general directions given by the Charity commission under section 145(5) of the Act and
-
State whether a particular matter comes to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the general instructions given by the Charity Commission. An examination includes a review of accounting records kept by the company and a comparison of financial statements presented with those records. It also includes consideration of any unusual items or disclosures in financial statements and seeking explanations from you as a Trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in audit and consequently no opinion is given as to whether the financial statements present a “true and fair view” and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
-
1) Which gives me any reasonable cause to believe that in any material respect the requirement
-
To keep accounting records in accordance with section 386 of the companies act 2006 and
-
To prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the companies act 2006 and with the methods and principles of the statements of recommended Practice: Accounting and Reporting by Charities have not been met; or
-
2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of financial statements to be reached.
Joanne Brown 132 Cockney Hill Reading RG30 4EX
Date 15.10.24