SOUTHFIELDS COMMUNITY PRESCHOOL Charity Commission Registered No: 1027872 ANNUAL REPORT AND ACCOUNTS For the year ended 31" Au8USt 2022
Southfields Community Preschool Trustee Annual Report For the year ended 31" August 2022 The trustees present their report and independently examined financlal statementsfor the year ended 31" August 2022. Reference and Administratlve Detall5: Registered Name: Southfields Community Preschool Charity No: 1027872 Operatlonal Address: Southfield5 Community Centre Southfields Avenue Stanground Peterborough PE2 8RY Trustees at date of Report: Chair Treasurer Secretary Others Lauren Broughton Heidi Askew Me8an Mcintyre Claire Ovenall Sarah Robinson Karina Stephenson Shiane Welsh Other Trustees who served In the year: Left 15106122 Left 17110122 Joanna Batty Dawn Frost Banker5: HSBC Bank Pl¢ Independent Examiner: Mark Bedford MJB Financlal Service5 11 Belton Road Stanground Peterborou8h PE2 8UU Strurture Governance and Management Thls Is a membership organisation govemed by the model Pre-school Learnin8 Alliance Constltution. The constitution was adopted on 2nd April 1992 and subsequently amended on 20 October 2008. Members can be parents or guardians of all children who attend playgroup or other interested individuals approved by the Committee. Committee members are appointed / confirmed at the Annual General Meetin8. All Committee members give their time on a voluntary basis and receive no remuneration orother beneffts.
Southfields Communlty Preschool Trustee Annual Report For the year ended 31" August 2022 Objects and Actlvftles The aims are. as set out in the constitution, to enhan the development and educatlon of children under statutory school age by encouragJn8 parents to understand and provide for the needs of their chlldren through community groups and by: {al Ibl offerlng appropriate play, education and care facilitles; encoura8in8 the study of the needs of the children and their famllles and promoting public interest in and recognition of such needs in the local areas- Instl8atin8 and adhering to and furtherin8 the aims and objÈrts of the Pre-school Learning Alllance. Publ1¢ benefft The commlttee and staff have regard to Charity Commission 8uldance on public benefit when settlng objectives and plannin8 actlvlties. All chlldren are eli8ible for Nursery Educatlon Fundln& which Is provided by the Local Authority. the terni after they become 3 years old. Fees are charged for chlldren who attend between the ages of 2 and 3 but these are kept as low as posslble so that chlldcare Is affordable to all famllles using our service. Achlevements and Performance Occupancy was a concern at the start of the Autumn Tenn as many chlldren had left to go to school. Our numbers Improved following advertising In the local shops. In June we celebrated the Queen's Platlnum Jubllee, wlth a garden party. All the chlldren dressed up in thelr Sunday best. We had brass band muslc playlng In the background. It was a lovely day. We regularly visit the local libraryfor Storytlme wlth added rhyme time. This gets us seen in the communlty and encourages parents to let thelr child loln the library to support local amenltles. Durlngthe summer temi our plans included 5th001 readlnessto allow the children a good transltlon to the next sta8e of their lives in prlmary school. Reserves pollcy Reserves act as a cushlon for any loss of income and unforeseen situations. Throu8hout the year the balances remained over the reserves level of £27,318. Reserves have been calculated using the amounts needed to settle redundancy payments, stsff notice periods and one month's 8eneral overheads. Flnancial Revlew As a small charbty the statutory reports are prepared on a Receipts and Payments basis. These show a surplus of £3,659 over the financial year ended 31StAugust 2022. although the preschool is watting for a rent invoice from March 2022 onwards which is for £3,570.
Southfields Community Prexhool Trustee Annual Report For the year ended 31° Au8USt 2022 Staffing is the most significant cost to the preschool, increasin8 by £5,676 compared to the prevlou5 year lup from 76% to 79% of total expenditure). The National Living Wage increased by 6.6% In April 2022, whilst NEF funding inueased by just 3.6% which is adding pressure to the preschool finances. Overall costs have increased by £4,065, although this figure excludes the outstandln8 rent payment of £3,570 mentioned above. Fees income for the year increased from £1,702 In 2020 2021 accounts year to £14,667 in 2021 2022 accounts year. Many children left in July 2021 and the preschool spent the year rebuilding numbers, however when new children joined, some were not entitled to fundin& In addition. charges have been reviewed to offset some of the rise5 in food and consumable prices. The final closln8 cash balance for the year was £49,473. which will enable staff wa8es and other costs to be met whllst the preschool concentrates on attractlng new chlldren. Th15 Report has been approved by the Trustees and has been sl8ned on thelr behalf by: Slgnature: Full Name.. Date: ..9...5....2.01.2.............
SOLwfHFIELDS COMMUNrrY PRESCHOOL Registered Charity No: 1027872 RECEIFfs AND PAYMENfs FOR THE FINANCIAL YEAR ENDING 315r AUGUST 2022 UNREsTricfED FUNDS THIS YEAR TOTAL FUNDS LAsf YEAR RE EIPTS NEF Fundln8 Other Fundlng Fees 61,567 2.256 14,667 61,547 642 1,702 Grants Bank Interest 2,003 Other Income 310 28 Fund Ralslng and Donatlons 267 36 TOTAL RECEivrs 79,569 65,958 PA MEMrs Wages Inc Inland Revenue payments Tralning Total Other Staff Costs 160,054) {266) 159) (54,3781 11601 12231 Resources for Chlldren Resources for Settin8 Resources for Outside 1972 15301 12021 11,1761 11,100) (541) Food and Drlnk Consumables Premlses Fees and Subscrlptions Admlnlstration Bank Charges Other Costs Loss Fundraising {495) {471) (4.846) (5,833) (2,0241 {511 (67) (290) 13311 15,5751 16,3861 11,5561 (129) (40) TOTAL PAYMENTS 75,910) 171,845) Net of Receipts/lPayments) 3,659 15,887) Balance b/fvid 45,814 51,701 Balance clfwd 49.473 45,814 Page I
soLrrHFIELDS COMMUNITY PRESCHOOL Reglstered Charlty No: 1027872 STATEMENT OF ASSEfs AND UABILMES AS AT 31sr AUGUSf 2022 UNREsfRICTED FUNDS THIS YEAR TOTAL FUNDS LAsf YEAR CASH FUNDS HSBC (Currentl HSBC {Savings} Fees Float Petty Cash 44,473 40,836 4,907 91 71 Total Cash Funds 49,473 45,814 OTHER ASSErs My Baby Days Membership Note 2 LIA Autumn Term Nursery Educatlon Fundln8 INEF) Independent Examlnatlon PAYE Hlre of Premlses 10,191 120 412 3,570 6,657 120 371 350 14.293 7,498 l approve the Receipts and Payments Accounts set out on page l and above and confirm that all relevant records and informatlon has been made available for their preparation. Sl8ned on behalf of the Trustee5: Si8nature Name NOTES l. One trustee has not been charged Pre-scht)ol Fees for their child1£2 per week}. 2. Annual membership has been paid twice. £180 due to be refunded. Pag2 2
Th15 Independent examlners report relates to the accoimts of SOUTHFIELDS COMMUNITY PRESCHOOL Charlty Cornmission Reglstered No: 1027872 Accounts are prepared for the year ended 31 August 2022 ctlve res nslbll The charlty's trustees are responslble forthe preparatlon of the accounts. The charlty's trustees conslder that an audlt Is not required for thls year under sectlon 144121 of the Charities Art 2011 (the 2011 Act) and that an Independent examlnatlon Is needed. It Is my responslblllty to". examlne the accounts under 5ectlon 145 of the 2011 Act; to follow the procedures lald down In the 8eneral Dlrectlons 8lven by the Charlty Commlsslon under sectSon 14515llbl of the 2011 Art; to state whether partlcular matters have come to my attentlon. ment An examlnatlon Includes a re4iew of the ac¢ountlng records kept by the charlty and a comparlson of the accounts presented wlth those records. It also Includes conslderatlon of any unusual Items or d15closures In the accounts, and seekln8 explanatlons from you as trustees concemlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt and consequently no oplnlon15 glven as to whether the accounts present a 'true and falr vlew, and the report Is Ilmlted to those matters Set out In the ststement below. In In connectlon wlth my examlnatlon, no matter has come to my attentlon: 11) whlch glves me reasonable uSe to belle¥e that In any materlal resixrt the requirements: to keep accountln8 records In accordance wlth sectlon 130 of the 2011 Act; to prepare accounts whlch accord wlth the accountlng records and comply wlth the accountlng requlrements of the 2011 Act have not been met; 121 to whlch, In my opinlon, attentlon shoukl be drawn In order to enable a proper understandlng of the accouffl5 to be reached. Slgned Date Mark Bedford MJ8 Financial Servlces 11 Belton Road Stsnground Peterborough PE2 8UU