2023-07-31-accounts

Wymeswold Preschool (renamed from Wymeswold Playgroup in January 2023) TRUSTEES ANNUAL REPORT

29[th] February 2024

Wymeswold Preschool

(renamed from Wymeswold Playgroup in January 2023)

TRUSTEES ANNUAL REPORT

Reference and Administrative Information

Charity Name: Wymeswold Preschool

Charity Registration No 1027215 Principal Address: Memorial Hall Clay Street WYMESWOLD LE12 6TU

Board of Trustees and Committee roles

Jonathan Allen (Chair)

Sallie Hooper (Secretary to May 23) Treasurer (May 23 to July 23)

Sarah Smith (Treasurer to May 23)

Samuel Myddleton (Secretary May 23 to July 23)

Rebecca Mills

Charlotte Myddleton

Nichola Hather

Independent Examiner

Jane Bowley – Chartered Accountant Wymeswold

Bankers

Lloyds

TRUSTEES’ ANNUAL REPORT

Period of report: 1[st] August 2022 to 31[st] July 2023

Structure, Governance, and Management

Wymeswold Preschool is a member of the Pre-School Learning Alliances

and is governed by its constitution.

The overall management and control of the Pre-school rests with the individual members of its management committee. As well as being responsible for the management of the Preschool the committee members are also the charity trustees of the Pre-school.

Committee members are recruited in accordance with the Pre-School Learning Alliances constitution.

Objectives, Activities, Achievements and Performance

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 by:

1. Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of the groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability.

2. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.

3. Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.

In shaping our objectives and planning our activities, the Trustees have considered the

Charity Commission’s guidance on public benefit, including the guidance ‘public benefit:

running a Charity (PB2)’ and the activities we provide fully reflect the purposes for which the Charity was set up.

Summary of the main achievements of the charity during the year

-Change of Name

• -Increase in opening hours to 9am to 3pm Monday to Friday in January 2023

· Children on role as of July 2023 were 21

· Employing 4 permanent members of staff and 4 bank staff

· A series of successful fundraising activities – including the introduction of new Preloved events for sale of secondhand clothing and a St Valentines Disco. Three sponsored events run by staff and committee performed this year raising funds for the year 2023-24.

Plans for the Future

We will continue to offer high quality provision in line with our objectives, to a diversity of pre-school age children.

We will invest in staff development to support and enhance the service we provide..

We will invest in learning resources to support our objectives and responsibilities.

We are looking into the possible re-introduction of a toddler group.

We will introduce further necessary policies to include a reserves policy

To organise a celebration of our 50[th] anniversary

To continue and enhance our additional learning opportunities- Forest School, Sports and Dance Sessions and Cookery.

Wymeswold Preschool

(renamed from Wymeswold Playgroup in January 2023)

Financial Review

The accounts for the year ending 31[st] July 2023 show a surplus of £12158(12

months to 31 July 2022: £7090).

Income in the period was mainly from government childcare funding £34,747 (2022: £19206). This has increased due to the change in hours.

Parent fees £11,054 (2022: £12769) and fundraising events £7710 (2022: £8804).

Total expenditure for the period was £49763 (2022: £42782).

Total unrestricted funds held at 31 July 2023 and available for use towards the general

objectives of the charity were £25327 (2022: £13177).

Total designated funds held at 31 July 2023 and available for use towards the general objectives of the charity were nil (2022: nil).

Restricted funds held at 31 July 2023, which are to be used for the specific projects they were donated for, were nil (2022: nil).

Reserves Policy

The Pre-school keeps at least 2 months’ worth of expenditure in reserve but is aware that this is insufficient bearing in mind the legacy of Covid.

We have been working to increase the levels of reserves to a term and a half (ie 18 weeks). We have achieved this amount but are monitoring whether we can maintain this amount. £25327 (2022 £13177)

Trustee Fees/Expenses

No payments were made to trustees during the period.

Wymeswold Preschool

(renamed from Wymeswold Playgroup in January 2023)

Trustees Responsibilities in relation to the Financial Statements

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom generally accepted Accounting Practices)

The laws applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:-

• Select suitable accounting policies and then apply them consistently

• Observe the methods and principles in the Charities SORP 2019 (FRS 102);

• Make judgements and estimates that are reasonable and prudent

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declaration

The trustees declare that they have approved the trustees report above. Signed on behalf of the charity’s trustees

Signature Full name Sarah Hooper Position Treasurer Date: 20[th] February 2024

RECEIPTS & PAYMENTS ACCOUNT FOR THE FINANCIAL YEAR ENDING 31ST JULY 2023

CHARITY: WYMESWOLD PRESCHOOL - No 1027215

RECEIPTS Trading Activities Nursery Education Funding Invoiced Fees Milk Reimbursement Total Trading Activities Other Sources Fundraising Proceeds Donations Grants Bank Interest Earned Gift Aid Total Other Sources TOTAL RECEIPTS PAYMENTS Fixed Costs Wages Rent Insurance PLA Fees Accountants Fees (payroll) Educational Subs Total Fixed Costs Non-Fixed Costs Entertainment/Trips/Sport s Fundraising Expenses Playgroup Resources Online/ Digital Staff Training Publicity Materials Miscellaneous Petty Cash Total Non-Fixed Costs TOTAL PAYMENTS			2022/2023 34747 11054 0 45802 7710 6353 2000 56 16119	2022/2023 34747 11054 0 45802 7710 6353 2000 56 16119	2021/2022 19206 12769 5 31980 8804 2257 6831 1 17893 49873 30727 6277 697 617 197 38516 668 1867 353 431 266 193 488 4267 42782	2020/2021 13795 4956 49
						18800 4053 669 0 1 55
						4777
			61921 40652 3094 742 650		49873 30727 6277 697 617 197	23577 24123 1893 653 498 303
			155
			45293 950 1610 829		38516 668 1867 353 431 266 193 488	27167 0 31 339 502 221 140 390
			609
			306
			165
			0
			0
			4469 49763			1927
						29094

Surplus/Deficit Receipts &
Payments	12158	7090	-5516
ANALYSIS OF CASH BALANCES
HELD
As At 31st July 2022
Deposit account	10323	4322	8821
Current account	2839	1727	2755
Petty Cash	8	39	28
Total Cash Balances at 31st July
2022	13170	6087	11604
Surplus/Deficit Receipts &
Payments	12158	7090	-5516
(as above)
As At 31st July 2023
Deposit account	20879	10323	4322
Current account	4421	2839	1727
Petty Cash	28	8	39
		8
Total Cash Balances at end	25327	13177	6087

CHARI FOR ENGLAND AND WALES pendent examinerfs Rectioi- s Report Report to the trusteesl members of Counts for tho year 31#t Juty 2023 Cha￿Y no (if any) 1W2n15 Sel out on pa I report lo the trustees on iry the a¢AX)unts of the atthe ch• {Ihe T￿￿1") for th8 year erKknJ -,, , . R08ponsibilities and As the ¢t•ty trustees of the Trust. you are responsible for the preparat# basis of report of the accounts li with the requirements of the Charities Act 2011 1.the Act"). I in of my examinkn dlho TnJsl's accounts carried out urKler 8efAion 145 of the 2011 Act and in c my examination, I have fdkred the apFAica)le ￿'feCt￿lnS given by t Commission under seclion 1495)(b) of tl Act. I have cuted my examination. I confirm that no matérial matters ha ome to my attention (other than that disclosed below ") in connection with the examination thi¢h me cajse to believe that in, any m8tenal respect: accounting records were not in accorknce TAith section 130 of the Act ¢y the accc)unls do not accord wrth the accounting records Independ•nt examlner's statsm•nt I have no concems and hava come across no other matters in connection with the examination to whi¢h attention should be drawn in order to enablè a proper understanding of the accounts to be react*d . Please delete the Myds in the br￿ketS rfthey do not apply. Slgned: Date: 2712124 Name: Jane 8(￿leY Relevant professional qualifiGationls) or body (if any): Qualified as a Chartered Ac(a)untant Address: 6 Marys Close meswold Loughboro￿jh LE12 6TH IER October 2018