2024-08-31-accounts - Combe Pre-School

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Preschool Charity Commission Report 2023 - 24

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 (up again on last year), and we employ 8 regular staff working with the children, two extra members of staff this term, 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 Woodstock, Long Hanborough and 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. As mentioned above though, 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.

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 Outstanding in two of the four – ‘The quality of education’ and ‘Behaviour and attitudes’. The other two areas, Personal development and Leadership and management were judged good.

Significant changes to the government funding for two year olds will begin next financial year, with most working Parents being eligible for the funding. Like most early years settings we are struggling with the fact that the level of government funding does not cover the cost of providing a place for a 2 year old, but we are still optimistic that we can make ends meet by being flexible with our sessions, and meeting the needs of our families and children.

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

2024 UnrestTlcted Funds 2023 Restrlcted Funds Total Donatlons 0.00 222.02 332.91 Actlvltes to further the charftys objectlves Grant Income Fee Income 93.294.84 94,313.26 93.294.84 94,313.26 51,894.94 76,264.00 Actlvltles to generate funds Interest recelvable and other Income 6,538.03 6.538.03 3,043.01 Total Incomlng Resources 194,368.15 194,368.15 131,5X86 Cost of actlvltes In furtherance of charlty's objectives 130.886.64 130,886.64 115,731.32 Cost of generatlng funds Management and admlnlstratlon Total Resources Expended 130,886.64 130,886.64 115.731.32

Net Incomlngloutgolng Resources before Transfers 63,481.51 63,481.51 15,803.54 Transfers between funds Net movement In funds 63,481.51 63,481.51 15,803,54 Total Funds brought forward 57,657.19 41.853.85 Net Incomln Out oln Resources before Tiansfer5 121,138.70 121,138.70 S9A93. 2024 2024 2023 Tanglble Flxed Assets Debtors Cash at bankand In hand 1,009.74 117,880.64 118.890.38 1,009.74 117.880.64 118,890.38 10.00 54.040.42 54,050.42 Credltors (amounts falllng due wlthln one yearl Deterred Revenue Net Current Assets 3.359.40 0.00 3,359.40 0.00 115,530.98 2,000.95 0.00 52.049.47 115,530.98 Balance broughtforward Prof5VDeflcit for the current year 52.049.47 63.481.51 52,049.47 63,481.51 36.245.93 15,803.54

115,530.98 The Trustees arn responslble for keeplng accountlng records whlch dlsclose wlth accuracy ihe nnanclal posltlon of the charlty at any one Ilme and whlch enable Ihem to conflm) Ihat the tlnanclal statements complywtth the appllcable re8ulaiions. They are also responslble lor sale8uardln8the assets of the charlty and hence laklng reasonable steps for the prevenllon and detecllon ol traud and other Irregulailtles. Ipproved by the Board of TNstees on . and slgned In thelr behalf by: S Purssell (Chalrperson) D Colvln (Treasurer) Notss to th• flnanclil 3tal•m•nts for y•ar •Trdlni 31stAU$t 2024 2024 Natmty Donatlons Donallons lor second-hand equlpment Donatlons for second-hand unllomi Parental donatlon lo setting Donallon tor teaucollees Donatlons for prtrschool's 51Xh blrthday celebrations Donallons Annonwnous donatlon Ino speclfic purpose glven) r2.02 150 n.02 150 119.5 119.5

Combe Parlsh Councll (contrlbutlon to outdoor renovatlon} GIftAld from Donatlons salIs Itd donatlon Amazon Core 13.41 13.41 Total 222.02 222.02 33191 332.91 Oxfordshlre County Councll (Pre-school) Oxtordshlre County Councll (After Schoolclubl 93,294.84 93.294.84 53,730.94 53,730.94 93,294.84 93,294.84 53,730.94 53,730.94 Bank Interest General Fundralslng 1005.88 3.544.53 344.35 1,463.16 1,463.16 4,550.41 1.807.51 1.807.51 Rent Salarles Tralnlng Membershlplsubscrlptlons Insurance Statlonaryand postage Telephone and broadband Equlpmenl Craft materlats Snacks Householdlconsumables Vlslts Unlforrn Fundralsing Costs Advertlslnywebsite 10,854.80 111,114.89 338.40 707,58 629.00 0.00 219.71 1,563.98 24.00 10.00 2,814.84 202.80 84.00 72.04 14.39 10,854.80 111,114.89 338.40 707.58 629.00 0.00 219.71 1,563.98 24.00 10.00 2,814.84 202.80 84.00 72.04 14.39 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 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

Travel Lunches Othercosts (Mlsc + Lvffj 0.00 1.288.81 1,360.76 1,288.81 1,360.76 2,232.57 2,23157 130,886.64 ts0,886.64 I,1.32 14ni.32 Supervlsor Asslstant SupepAsor Asslstants Admlnlstrator Prepayments Other Debtors 1,009.74 1.009.74 10.00 10.00 1,009.74 1,009.74 10.00 10.00 Accruals Grant Pre-Pald 3.359.40 3,359.40 2,000.95 2,000.95 3.359.40 3.359.40 1000.96 1000.95 Note . The charlty Is exempt from corporatlon tax because all ol Its Income Is charltable and Is applled lor charltable pUlse5.