## 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
sa￿lIs 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 pU￿lse5.

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