Shepherdswell Pre-school SHEPHERDSWELL PRE-SCHOOL FINANCIAL STATEMENTS 31 AUGUST 2024 Charlty Number 1020790 BURGESS HODGSON LLP Chartered Accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN SHEPHERDSWELL PRE.SCHOOL FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE Trustees & advisers Trustees Annual Report Independent Examlner's report to the trusteos Statement of receipts and payments statement of assets and liabilities Notes to the financlal statements Page SHEPHERDSWELL PRE.SCHOOL TRUSTEES AND PROFESSIONAL ADVISERS Registered charlty name Shepherdswell Pre-school Charlty number 1020790 Correspondence address Shepherdswell Village Hall Cox Hill Shepherdswell Dover Kent CT15 7NN Trustees L Sanderson - Goodey P Reid A Stevens C Moore S Jones M Perfect Independent Examlner Alexander Baker Burgess Hodgson LLP Chartered Accountants Camburgh House 27 New Dover Road Canterbury Kent GT13DN Bankers Lloyds Bank 43 Sandgate Road, Folkestone, CT20 1 RZ Page 2 SHEPHERDSWELL PRE-SCHOOL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 The t￿sleeS pi'esent thell iepoit and the fmancial statements of the charity for the yeai, ended 31 August 2024. REFERENCK AND AJ)MINISTRATIVE DETAILS Referellce and administrative details w'e shown An the schedule of tn]stees and professional advisers on page l of the financial statements. THE TRUSTEES The trustees who served tbe charity dwing th¢ p¢riod were as follows: L Sanderson - Goodey- (Appointed 22 November 2023) A Stevens P Reid C MooiY- (Appointed 22 November 2023) S JOn￿- (Appointed 22 Novembei 2023) M Peifect- (Appoillted 22 Novembei. 2023) D Jaines- (Resigned 22 November 2023) J Vint¢n- (Resigned 22 Noveffjber 2023) C Plews- (Resigned 22 November 2023) S Finch- (Resigned 22 November 2023) STRUCTURE, GOVERFiANCE AND MANAGEMENT The governing documellt of the Ch￿1ty is the constithtioll date(L 20 May 2015 which is based on the Pi'e- school Learning Alliance standard 2011 constitution for pre-schools. The trustees are appointed in line witli the cbarity's constitution. Tbe day to day iunning of the cbaiity is undeitaken by appointed staff. RISK MANAGEMENT The tn￿tee8 have produced a risk register and actively A'evAew the risks faced by the charity. The trustees have exau]in¢d all risks, including fmancial risk, operational iisk and business risk and confm that procedures to mitigate significant risks are regwlarly revicwed and whei'e n¢cessary r¢vi8ed. OBJECTIVES AND AcfiviTES To enhance the d¢velopment and education of childA'¢n undei statutory scbool age, by enGouraging parents to undeiEtand and provAde for the needs of their Children througb commiinity groups. Sbepherdsw¢ll Pi¢-scliool plans its aotivities within the framework of the Early Years Foundation Stag¢. The qualifi¢d and experienced staff provid¢ a variety of well-prepai'ed activities each day to help the childi'en learn and develop through play, The chilth'en ale suppoited in developing theii'potential at theii" own pace and the children's happlness and welfare comes first at all times. PUBLIC BENEFIT The Trustees ¢onsider that the charity activities, as set out iji its Objectives and Activities, in the public benefit. The Trnstees GoDffinn th¢y havo complied with their duty in 8¢¢tiOD 4 of the Charities AGt 2006 to bave due regai'd to the guldauce piibtished by tb¢ Ch￿'ity Conimission foi England and Wales in relation to publi¢ benefit provision. Page 3 SHEPHERDSWELL PRE4CHOOL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 ACHIEVEMEwfs AND PERFORMANC Thc Chair thanks all tlie Red Ladles and the Conunittee foi. tlieii hard work aiid support over the year ensuring that tbe children have exciting and engaging leai'i)ing experiences, whilst preparing th¢m foi" theii. next stagc in their Icaming joiirney. Whilst the move to 15 free hours of funded care for age 2 and above w&8 welcomed change in governineiit policy foi. woi'king parents, it did pi'ove to be quite cliallengitig foi" the pi'eschool to predict what the funded houily rate would be and whetber tbis would be in line with our cU￿ent houTly late. This combined with the incr¢ase in the national wages has proved challenging to mitigat¢ expens¢s. Overall, the preschool has becn veiy proactive in ensuriiig the funded hours have not sevei'ely impacted oiir finances, and whej'e possible, limited increased costs have been passed on to tlie pai'ents. Our ￿nth'als1ng has been sound this yeai". The Chiistmas perforniance (Dec 2023) Taised £657, the Race iiiglit (Marcli 2024) raised £650; the Easter Fayre raised £850.42 and finally oui. spoiisored bounce al80 raised a whopping £734. Staffing this yeai, has been consistent, with no staff turnovei, showing the evidencing, the coinmendable effort Linda lias been going to foGUS on staff well-being and CPD. Tapestry has beeii well utilised to not only develop excellent cominiiiiicatioii links betweeii home and the preschool to evidence learning both within and outside the piEschool settiiig, il lias also been used to successfully geneiate the monthly bills to go to parellts- Inaking it illoie economical and less tiiiie consuming to generate billing. The Committee members DBS are up to date, alongside the infonnation heLp by Ofsted for iiomiiiated iiidividiials and the committ¢e membei's. This year had niany changes to the conimittee with Davina James stepping down as Chair: i'eplaced by Lari Sanderson- Goodey. Jessic& Vinten stepped down as Treasu]'er, r¢placed by Megan PLrfeLt. Cara Plews and Sarah Fiiicli both stepped down aiid we were joined by Sarah Jones and Claire Moore. We also IEtaiiied Ainy Steveiis. Sevei'al of the preschool polices were ieviewed and updated, with the remaining to be reviewed in January 2025, these are available on the website for parents to access th¢m. We continue to update our pareiits tlirough Facebook Social media page of aiiy pertinent dates, or health warnings, alongside oiii. very appreciated weekly roundup of leariiing, Overall, the presLhool (after a challenging. but successful year) is successfully continuing to LiJitigat¢ the fin￿1claI implitiations lcft by COVID-19 and thc increased cost of living. Tbe highly valued reputation of the pieschool colltinues to precede itself within the local conimuiiity as this academic year we ai"e coinpletely full, with waiting lists foi" Septeiiibei" 2025 beginning to fill up. FINANCIAL RKVIEW Incom¢ fot the y¢at' was £157,064 (2023: £143,516). Expcndiluic foi. Ihc y¢ar ivas £154,498 (2023: £156.070). Overall th¢ charity sustaiiied a surplus of £2,566 for the cui'rent year (2023; deficit of £12,554). PLANS FOR THEt FUTURK We are coiitinuing witli fund raising everjts aiid plaiiiiing financially as Government ￿lldIng now iiicludvs 2-year-olds, so our fee incoille is reduc¢d by charging a consuinable fee to cover additional costs incliiding snack, sull cream, cooking actLVlties etc. Page 4 SHEPHERDSWELL PRE-SCHOOL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 We have been accepted for the Co-op fimdraisiiig cominunity fund this yeai which will fund a gl'owing pod for the chilthEn to grow their own fruit and v¢g, RESEI RVEI S POLTCY The tiustees have considered tli¢ reserve lev¢1 r¢quired based on the ongoing needs of the charity, and currently hav¢ agr¢¢d that the i¢s¢rv¢s lev¢1 should i'epres¢nt approximately 3-6 montlis exp¢nditure, At the balance sheeL dale, the reseives repiesented approximately 1.7 inonlhs expenditut'e. The ieserves policy is Yeviewed at Trustee meetillgs on a)) ongoing basis. The trnstees are actively lool(ing foi aieas to dccrcase costs and increase incom¢ and ensuie that all debts aio paid as th¢y fall diie. STATLI Mri NT OF SPONSIBILITIEI S OF THE TRUSTfi ES The trustees hre responsible for PTeparing the Tiustees Ilnnual Report and tbe financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standa?'ds (Unitcd Kingdom Generally Accepted Accounting Practice). The law applicable to cbarities iDEngland and Wal¢s I￿VIr¢S the (rustees to prep￿.e financial slatements foi. each fu￿nCial year wbich give a true and fair view of the state of affaiis of the ch￿￿ty aiid of the nicoming iesources alld applicatioli of r¢sour¢es' of th¢ Gharity fur that period, In preparing these fLnallcial sÉatem¢nts, tho trustees ￿e required to: seleGt suitable accounting policies and then apply them Gonsistently: make jvdg¢inents and accounting estimates that are Teasonable and pn)dent; prepaie the financial stateinents oil tlie going coiicern basis unless it is inappropriate to presume that the charity will continu¢ in opelation The ti'ustees are responsible foi. keeping proper accounting iecords that disclose with ieasonable acCi￿a¢Y at any tI￿e the financial positioii of the cbarity and enable them to ellsure that the financial statements Comply with the Charities Act 20 I I, the Charity (Accounts and Reports) Regulations 2008 and the provisiotis of the ttmst deed. They are also responsible for safegllaiding the assets of tlie charity alid hence for t8Jcing reasonable steps for the preventiou and detection of fraud ￿}d other irregularitAes. Sigtted oll behalf of the trnstees. Lari SAndei'son- Goodey Chair q Q l... 2014-