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2022-08-31-accounts

Meadowlands Pre-School

Reg. Charity No. 1024742

Annual Chair of Trustees Report 2022/23

Aims;

The aims of the pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by :

This last year has been a challenging year to say the least. We have been hit very hard by the cost of living crisis, with a significant increase in our energy costs and the continuing rise in food prices for the snacks we provide for our children. We have had a very small increase in the funding for each child, which comes nowhere near to the rise in inflation, and the increase in the minimum wage nationally has inevitably lead to us making a loss this year.

Once again, our fantastic staff have rolled up their sleeves, and got on with the business of looking after our children, and preparing them for the move up to “big school”.

There have been a few staff changes lately, one of our inclusion workers left at the beginning of June and another of our inclusion workers will be leaving us at the end of the month, and we have another member leaving at the end of term. Our only lunch staff member will be leaving at the end of July also. The two co-managers will be covering the lunch period from September on a trial basis, this will relieve us of taking recruiting more lunch staff at this time, so minimising the risk of having to let them go later down the line if our finances do not improve. This situation will be monitored until the October half term, when a decision will be made as to how to proceed from then on.

Our fundraising got off to a good start, with the Halloween disco proving to be a resounding success and my thanks go out to all of the parents who got involved with the organisation of the event. The children will be going out to visit Church Farm later this month, and some parents/carers will be accompanying our staff for the visit.

Last year we received a donation of £16k from a setting that had closed down, the money is being spent on facilities for the children, as stipulated in the donation, and we are currently in the process of costing new flooring throughout the building and also new tables. We have just bought a new climbing frame and that is now being used by the children in the garden area.

In my report last year I informed you all of the inspection we had from OFSTED, and we were awaiting their report. I am pleased to say that we were awarded the status of a GOOD PROVIDER. This goes to prove how good our staff are, in fact, the inspector said that she would have no problem sending her own children to our setting. High praise indeed. Well done to you all, and a big “THANKYOU” from myself and the other trustees.

At the time of writing the future is not clear as to how our costs can be brought down, we need a big uplift in the amount of funding we receive per child from central government. Last year I was writing about how we would be taking on extra staff, sadly we are now seeing staff leave. September will bring a full intake.

After a lot of heart searching, I have decided the time is now approaching when I will step down as Chair, and I would like that to be in the spring of next

year, I will however stay on until a new Chair has been appointed. I have enjoyed my time with the wonderful staff at Meadowlands pre-school, and thank each and everyone of you for your loyalty, work ethic and dedication to the setting. Once again I thank you all from the bottom of my heart for all of your unselfish efforts during the last 12 months.

Steve Hunter (Chair) June 2023.

Final 11/06/2023

Meadowlands Pre-School

Registered Charity Number 1024742

Accounts for the Period Ended

31 August 2022

Meadowlands Pre-School Contents

Page
Approval statement 2
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6

Meadowlands Pre-School Registered Charity Number 1024742

Independent Examiner's Report on the Accounts

Report to the trustees of Meadowlands Pre-School on the accounts for the period ended 31st August 2022 set out on pages 2 and 3

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is our responsibility to:

Basis of independent examiner's statement

Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.

Independent examiner's statement

In the course of our examination, no matter has come to our attention:

1 - which gives us reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:

2 - to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lounds & Co Chartered Accountants 01/06/2023

367 Chester Road Little Sutton Ellesmere Port Cheshire CH66 3RQ

1

Meadowlands Pre-School Registered Charity Number 1024742 Income and Expenditure Account Period Ended 31 August 2022

Sales
Funding
Fees
Inclusion
Fundraising
Bank interest received
Expenditure
Accountancy fees
Cleaning
Clothing Costs
Bank Interest and Charges
DBS Checks
Educational equipment and materials
Excursions and subsistence
Fire Extinguishers
Food and drink
Insurance costs
Light, heat and water
Ofsted
Postage and stationery
Premises Expenses
Rent
Repairs and maintenance
Staff Salaries
Staff training and welfare
Subscriptions
Telephone
Excess of expenditure over income for the period
2022
£
126,276
11,574
6,768
16,551
6
161,175
1,585
826
(21)
119
234
11,479
430
159
1,622
2,025
4,554
50
1,572
5,570
500
1,393
127,932
298
288
1,026
161,641
(466)
2021
£
129,397
2,532
19,321
20
6
151,276
1,188
706
622
90
143
3,040
-
108
1,162
1,990
3,284
50
1,781
3,221
500
7,170
122,262
944
341
1,231
149,833
1,443

2

Meadowlands Pre-School Balance Sheet as at 31 August 2022

Current assets
Trade Debtors
Sundry Debtors
Current account
Deposit account
Petty Cash
Current liabilities
Accruals and Creditors
Net assets
General Fund
Balance at start of period
Excess of Expenditure over income
2022
£
163
-
8,584
39,479
5
48,231
(3,935)
44,296
44,763
(467)
44,296
2021
£
225
3,845
11,245
33,374
13
48,702
(3,939)
44,763
43,320
1,443
44,763

3

Final 11/06/2023

Meadowlands Pre-School

Registered Charity Number 1024742

Accounts for the Period Ended

31 August 2022

Meadowlands Pre-School Contents

Page
Approval statement 2
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6

Meadowlands Pre-School Registered Charity Number 1024742

Independent Examiner's Report on the Accounts

Report to the trustees of Meadowlands Pre-School on the accounts for the period ended 31st August 2022 set out on pages 2 and 3

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is our responsibility to:

Basis of independent examiner's statement

Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.

Independent examiner's statement

In the course of our examination, no matter has come to our attention:

1 - which gives us reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:

2 - to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lounds & Co Chartered Accountants 01/06/2023

367 Chester Road Little Sutton Ellesmere Port Cheshire CH66 3RQ

1

Meadowlands Pre-School Registered Charity Number 1024742 Income and Expenditure Account Period Ended 31 August 2022

Sales
Funding
Fees
Inclusion
Fundraising
Bank interest received
Expenditure
Accountancy fees
Cleaning
Clothing Costs
Bank Interest and Charges
DBS Checks
Educational equipment and materials
Excursions and subsistence
Fire Extinguishers
Food and drink
Insurance costs
Light, heat and water
Ofsted
Postage and stationery
Premises Expenses
Rent
Repairs and maintenance
Staff Salaries
Staff training and welfare
Subscriptions
Telephone
Excess of expenditure over income for the period
2022
£
126,276
11,574
6,768
16,551
6
161,175
1,585
826
(21)
119
234
11,479
430
159
1,622
2,025
4,554
50
1,572
5,570
500
1,393
127,932
298
288
1,026
161,641
(466)
2021
£
129,397
2,532
19,321
20
6
151,276
1,188
706
622
90
143
3,040
-
108
1,162
1,990
3,284
50
1,781
3,221
500
7,170
122,262
944
341
1,231
149,833
1,443

2

Meadowlands Pre-School Balance Sheet as at 31 August 2022

Current assets
Trade Debtors
Sundry Debtors
Current account
Deposit account
Petty Cash
Current liabilities
Accruals and Creditors
Net assets
General Fund
Balance at start of period
Excess of Expenditure over income
2022
£
163
-
8,584
39,479
5
48,231
(3,935)
44,296
44,763
(467)
44,296
2021
£
225
3,845
11,245
33,374
13
48,702
(3,939)
44,763
43,320
1,443
44,763

3