## 1. Treasurer’s Report 

- a. Financial Summary 

2023-2024 ended with a year loss of - £16,791 which unfortunately continues the trend of net loss for the fourth year, however, it is a significantly lower loss than the previous 3 years. We are also pleased to see that at the end of the last term we actually turned a profit. This is the first time since Covid that we have had a positive balance. We hope that this might be a sign that we have turned a corner. 

- b. Accept accounts for financial year 2023-2024 - Yes 

## 2. Chair’s Report 

As chair of the committee, I would like to thank everyone who has been involved in Exminster Pre-school this year - the children and their parents and carers, the fabulous Pink Ladies and Pre-school admin staff, my fellow committee members and those in the community who have donated to our fundraisers or supported us in any other way. 

It’s been another exciting year with lots of successes to celebrate so I’ll run through some of the highlights! 

This time last year, we were pleased to make a new rental agreement with the Deepway Trust for year-round use of the Deepway Centre. This meant that we could go full steam ahead with our plans for new opening hours which launched in January, with earlier opening and holiday club making us much more accessible for working parents in the village. 

Before that we had a fantastic festive season with the annual Santa tour (always an amazing event), followed by the Christmas bazaar. The bazaar hadn’t run since before covid but was a big success and we were really pleased with the total raised by the Christmas events. 

In the summer term, the Deepway Centre was given a fresh lick of paint and new turf was laid in the garden. The Pink Ladies pulled out all the stops with very little notice to create a lovely outdoor space for the children to play in! It will be nice to be able to enjoy the new improved main garden when it’s ready. 

More excitement in June came in the form of the trip to Drakes Farm, which sounded like a great day out. As the Royal Oak’s charity of the year, we were able to use money raised from their Big Lunch event to pay for the coach, which was brilliant. Thank you to Leah and all the staff involved for putting on such a lovely trip for the children. The success of this was particularly impressive with both Leah and Julie unable to attend on the day due to injury! 

We’ve got more events to look forward to next week - the summer disco, teddy bears picnic and the leaving presentation for Cygnets! 

Meanwhile, progress has been made collecting outstanding fees from previous years and systems have been put in place to help prevent parents from getting behind on their payments in future. 



We’re interested to see how the new funding for 2 year olds will affect us over the coming year - we are hopeful that it will increase numbers in the Ducklings. 

We are aware that there is still a need in the village for childcare for Under 2s, and while we are currently unable to offer this due to lack of space, this is something that the committee will continue to think about. 

It really has been a pleasure to have been involved with this warm, community focussed organisation for the last 3 years. The Pre-school genuinely cares so much about every child that walks through its doors and we are very lucky to have it in our village. 

It is now time for me to step down as chair but the Pre-school relies on its committee to run so if you are considering getting involved, I cannot recommend enough that you do. The time commitment is small but your involvement will make a huge difference and your input will be greatly appreciated. 



## **Exminster Pre-school** 

## **Year End Accounts 2023-24** 

|**Year Ending**<br>**Opening Balances:**<br>Santander current account<br>Barclays deposit account<br>Cambridge & Counties account<br>Cash<br>**Sales**<br>Uniform<br>Invoices to Parents<br>DCC - Funding<br>Bank Interest<br>Fundraising<br>Donations<br>Late Payment Fee<br>Other income<br>**Total Sales**<br>**Overheads/Expenses**<br>Cost of Sales - Goods<br>Food Purchased for Children's Snack Time<br>Employee Wages and Salaries<br>Employers NI Contribution<br>Employer's Pension<br>Rent<br>Insurance<br>Office Costs/Stationery/Postage<br>Play Equipment Purchased<br>Telephone<br>Books<br>Staff Costs<br>Trips and Visits<br>Fundraising Expenses<br>Computer & Software<br>Repairs and Renewals<br>Cleaning<br>Bank Charges and Interest<br>Bad Debts<br>Subscriptions<br>Clothing Costs<br>Training Costs<br>Refreshments<br>Total Overheads<br>Surplus (Receipts-Payments)<br>**Closing Balances:**<br>Santander current account<br>Barclays deposit account<br>Cambridge and Counties account<br>Cash|**31 March 2023 31 March 2024**<br>**£**<br>**£**<br>52772<br>25838<br>35398<br>35476<br>89786<br>90684<br>**177956**<br>**151998**<br>111<br>154<br>37287<br>46960<br>168252<br>160347<br>971<br>2512<br>1841<br>2560<br>194<br>334<br>30<br>147<br>438<br>**208803**<br>**213335**<br>1,672<br>3,023<br>1,203<br>932<br>188,657<br>184235<br>11,432<br>11389<br>3,078<br>3252<br>23,430<br>21262<br>1,179<br>1327<br>687<br>717<br>601<br>1100<br>151<br>163<br>112<br>9<br>157<br>112<br>33<br>122<br>345<br>124<br>593<br>348<br>302<br>948<br>883<br>132<br>10<br>15<br>497<br>349<br>22<br>67<br>92<br>420<br>77<br>86<br>**235215**<br>**230126**<br>**-26412**<br>**-16791**<br>**151998**<br>**132790**<br>25838<br>19063<br>35476<br>35903<br>90684<br>77769<br>56<br>**151998**<br>**132790**|
|---|---|





## **Independent examiner's report on the accounts** 

**Section A                        Independent Examiner’s Report** 

**Report to the trustees/ members of** 

## Exminster Pre-school 

> **On accounts for the year ended**[31/03/2024] 

> **Charity no (if any)**[1024111 ] 

**Set out on pages** 

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/03/2024** 

**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

**Independent** I have completed my examination.  I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination ~~(other than that disclosed below *)~~ which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- the accounts did not accord with the accounting records; or 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

* _Please delete the words in the brackets if they do not apply._ 

**Signed: Name:** Helen Hibbins **Relevant professional** CiLCA **qualification(s) or body (if any): Address:** 54 Milbury Farm Meadow, Exminster, EX6 8FG 

**Date:** 02/07/2024 ~~|~~ 

1 

**Oct 2018** 

**IER** 



## **Section B                           Disclosure** 

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 

**Give here brief details of** N/A **any items that the examiner wishes to disclose** . 

2 

**Oct 2018** 

**IER**