Preschool and ASC June 2024 Combe Preschool and ASC continues to operate 5 days a week, from 8.50 – 6.00pm during school term times in the Combe Hub. We have 37 2- 4 year old children on Preschool roll, and we employ 8 regular staff working with the children, as well as a cleaner and an administrator. Afterschool club numbers vary, but we have between 15 – 22 children each day. Preschool has continued to attract children from surrounding villages as there is a shortage of early years places in the area. This may change in September when a brand new facility opens up in Woodstock , and we are mindful that our run of high numbers may be coming to an end. Finances have improved considerably, with our figures for year ending August 23 showing a surplus of income over expenditure of approx. £10k. We are mindful that we may return to lower numbers and a less positive financial outlook come September 24. We continue to face big increases in our wage bill (up 9.8% this year, and 9.2% last year) as well as inflationary pressures on consumables etc. We really are very fortunate, and grateful, that our staff team has remained stable over many years now. This is unusual in our sector and the benefit is felt by the families and children alike. Recruitment in the early years sector continues to be a national problem, so it is important that we continue to value and reward our staff as much as possible. Ofsted paid us a visit in June 2023. This is always a stressful time for us all at Preschool, but we were delighted to receive extremely positive feedback. Judgements are given in 4 categories, and we were graded good overall, with ‘outstanding’ in two of the four areas. Our committee and staff continue to work closely with the Combe Hub, Combe Charities, the Primary School, Combe Mutual Aid and the VHRGC all of whom are very supportive of Preschool and ASC. We are very grateful to have the support of these and other village organisations. The continued support of Parents and the Village is much appreciated and the committee will continue to work together with our dedicated staff to continue to provide the very best early education for the young people of Combe and local villages. Sally Purssell, Chair, Combe Preschool and ASC COMBE PRE-SCHOOL Statement of Financial Artivities for the ear endi Au ust 2023 2023 Unrestricted Funds 2022 Restricted Funds Total Incomln Resources Donation5 332.91 332.91 1.410.69 Artivites to further the charitys objectives Grant Income Fee Income 51,894.94 76,264.lJO 51.894.94 76.264.00 40,643.95 64,056.77 Actlvlties to generate funds Interest receivable and other income 3.043.01 3,043.01 6.432.60 Total Incoming Resources 131,534.86 131.534.86 112,544.01 Resources Ex ended Cost of artivites in furtherance of charity's objectives 115.731.32 115,731.32 112,262.14 Cost of generating funds Management and admlnistration Total Resources Expended 115.731.32 115,731.32 112,262.14 Net IncomIn￿oUt80Ing Resources before Transfers 15.803.54 15.803.S4 281.87 Transfers between funds Net movement in funds 15.803.54 15,803.54 281.87 Total Funds brought forward 41,853.65 41.853.65 41,571.78 Net Incomln8lOutgoing Resour￿5 before Tran5fer5 57.657.19 57,657.19 41,853.65 Balance Sheet as at 31st Au st 2023 2023 2023 2022 Flxed A55ets Tangible Fixed Assets Current Assets Debtors Cash at bank and in hand io. 54.040.42 54.050.42 io 54,040.42 54050.42 86.60 45,196.23 45.28Z.83 Credltors {amounts fallinB due within one yearl Deferred Revenue 2,LKX).95 2.CLKI.95 2,777.22 6.259.68 Net Current Assets 52.049.47 52,049.47 36,245.93 Funds Balance brought forward ProfitlDeficit for the current year 36.245.93 15.803.54 52,049.47 36.245.93 15,803.54 52,049.47 35,964.06 281.87 36,245.93 The Trustees are responsible for keeping accounting records which disclose with accuracy the financial p051tion of the charity at any one time and which enable them to confirm that the financial statements comply with the appli¢able regulations. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. Approved by the Board of Trustees on . and signed in their behalf by . S Purssell (Chairperson) D Colvin {Treasurerl Notes to the flnanclal statements for year endlng 31st August 2022 2023 2022 Donatlons Nativity Donatlons Donations for second-hand equipment Donatlons for second-hand uniform Parental donation to setting Donation for teas/coffees Donations for pre-school's Soth birthday celebrations Donations Annonymous donatlon Ino specific purpose given) Combe Parish Council Icontributlon to outdoor renovation Gift Aid from Donations Savills Itd donation Amazon Core io 900 119.5 200 119.5 200 148.1 239.99 loo 12.6 13.41 13.41 Total 332.91 332.91 1,410.69 Actlvltles to further the char 'sob ectlves Oxfordshire County Council (Pre-school) Oxfordshire County Council (After School Clubl 51,894.94 51,894.94 46,903.63 51,894.94 51,894.94 46,903.63 Artlvltles to Bank Interest General Fundralsing enerate funds 344.35 1,463.16 20.99 5,043.26 1,807.51 5.064.25 Charltable Ex endlture Includln su rt costs Rent Salaries Training Membership/Subscriptions Insurance Stationary and postage Telephone and broadband Equipment Craft materials Snacks Hou5ehold/Con5umables Vi51ts Uniform Fundraising costs Advertising/Website Travel Lunches Other Costs (Misc + Lwn 10.626.50 96,861.27 149.20 714.93 582.69 58.65 236.94 1,299.39 29.99 11.20 2,473.49 0,00 0.00 37.50 0.00 0.00 10,626.50 96,861.27 149.20 714.93 582.69 58.65 236.94 1,299.39 29.99 11.20 2,473.49 0.00 0.00 37.50 0.00 0.00 10,535.00 94,383.63 145.00 640.27 523.41 13.36 301.12 1.035.58 116.75 39.48 2,426.25 0.00 0.00 0.00 14.50 11 I 1.288.81 1,360.76 1.288.81 1.360.76 727.61 1,360.18 115,731.32 115,731.32 112.262.14 The avera e number of art-tlme staff em ed durln the ear Supervisor Asslstant Supervisor Asslstants Administrator Debtors Prepayrnents Other Debtor5 10.00 io 86.60 10.00 10.00 86.60 Credlto amounts fallln due wl hln on ear Accruals Grant Pre-Pald 2,000.95 2,000.95 2,777.22 6,259.68 2,000.95 2,000.95 9.036.90 Note , The charlty is exempt from corporatlon tax because all of its income is charitable and is applied for charltable purposes.    Independent Examiners report 2023 JJ Accessibility Mode Edit Document Share More Print Page 1 of 2 100% Give Feedback to Microsoft