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
ChaY no
(if any)
1W2n15
Sel out on pa
I report lo the trustees on iry the a¢AX)unts of the atthe
ch• {Ihe T1") 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 fdkr*ed the apFAica)le 'feCtlnS given by t
Commission
under seclion 1495)(b) of tl* Act.
I have cu*ted 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 brketS 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
Loughborojh LE12 6TH
IER
October 2018