## LYDIARD MILLICENT PRESCHOOL COMMITTEE Annual Report 2023-24 Tom SaundersCommittee Chair Lydiard Millicent Preschool committeechair@lydiardmillicentpreschool.org Page 1 of 8 ## **Registered Address** Lydiard Millicent Pre-School The Butts Lydiard Millicent Swindon Wiltshire SN5 3LR Tel: 01793 772 981 admin@lydiardmillicentpreschool.org ## **Charity Registration Number** 1029771 ## **Committee Chair** Tom Saunders 45 Tower Road Peatmoor Swindon Wiltshire SN5 5BG Tel: 07908 225035 committeechair@lydiardmillicentpreschool.org ## **Existing Committee Members** Tom Saunders (Chair) Hayley Graham (Secretary) Ben Williams Lesley Parsons (Treasurer) James Parsons Laura Speed ## **Previous Committee Members** Santina Harrison Godswill Babalola Xiao Liu Page 2 of 8 Signed and Audited Annual Accounts Lydiard Millicent Prfrschool TOT tl4lmOI 2.m14 ac¢ 1*)421 47U? 1.07431 Mot 467JO IM40 *50fj1 tI•1M41 Page3of8 Lydiard Millicent Pr&s(*KKA YOT iJJ22 Page4of8 Lydiard Millicent Pre-school BalarKe Sheei As ol S•i*•nbw 30. 2024 TOTAL Fth•d As841 T*rrfJiblè A41é11 d & Imp Acc D•p'n n3.eo 11.854.C .1.7SO.C 1.320. oeooAO kzeg0.40 FLMn & Equp Acc Dep 16.20&76 34.48727 822.46 £S1.Sl Cuttern Assets o.c NET CURRENT ASSETS £51.51&49 Trthlo Cr•dlc o.c o.c o.c k¢crtmt. PAYEQ41 Ccrtc4 . PAyrol o.c NEI CURRENT ISSETS ILIA81LITIESI TOTAL ASSETS LESS CURAENT uA8￿ME$ £Sl.S1&49 TOTAL NET ASSETS ILIA8ILITIES) Cwal and R•wv•s 56.767.10 429S 734.65 Pr￿rt lor tha y•ar Page5of8 ## **Annual General Meeting** ## **Tuesday 24[th] Sept ’24 - 8pm Lydiard Millicent Pre-school** **In Attendance:** Tom Saunders (TS - Chair), Hayley Graham (HG – Secretary and Committee Safeguarding Officer), Lesley Parsons (LP – Treasurer), Ben Williams (BW), Laura Speed (LS), James Parsons (JP), Sophie Haworth (SH), Caroline Mckellar (CM), Nina Wilson (NW), Becky Bryant (BB), Sonia Hartin (SHa) ## **Apologies:** Rose Llewellyn (RL) ## Introduction and Welcome TS welcomed everyone to the meeting. Last year was a very challenging year to begin with. As a Committee, we are conscious that the spending cuts that were necessary to sustain the preschool resulted in reduced opportunities for additional activities and trips for the children which we wish to reintroduce this year now the pre-school’s financial health has improved. ## Pre-School Manager Report CM shared an overview of the year’s activities and changes in staffing, and highlighted that the closure of a local preschool in the last few days has resulted in many new enquiries. Accounts for 23-24 / Update on 23-24 Activities As a result of efforts from both staff and Committee members, last year saw a profit of c. £17k although the accounts are yet to be audited. This followed a loss of c. £19.5k in 22-23 which is a tremendous turnaround in 12 months. ## Look Ahead to 24-25 24-25 has started encouragingly, with a significant YOY increase in headcount for the first 4 terms so far. A number of successful Open Days were held last year, which resulted in a positive outlook at the end of last year for this year, and thanks were given to all who contributed to these. The Committee are now in a position to be able to reinvest in areas which needed to be scaled back last year, and the budget is being built to reflect that. This includes staff training to develop their professional skills, boosting staff morale and budget for further enriching the children. The budget also allows for a modest replenishment of the pre-school’s contingency Page 6 of 8 fund, which now sits at c.£16k. **Action:** TS and LS to explore investment opportunities for the contingency funds. The budget is close to being finalised and TS expects to be able to share with the Committee in the coming weeks. There are a number of factors on the horizon that we need to be mindful of, including increases to living wage, and the change of academy coming to the primary school. Whilst not affiliated to the primary school, the new academy will be the pre-schools landlord and there is a concern that the current subsidised arrangement may change. A meeting between TS and the Operations Director at Blue Kite confirmed there will be no changes made until at least 1 January 2025, at which point the terms will be reviewed. TS reconfirmed that all ongoing DBS applications / EY2 associations for members who have most recently joined the Committee need to be progressed with urgency. BW highlighted that moving the pre-school to a CIO should be a focus for this year. ## Election of Trustees for 24-25 Committee members stepping down this year are SH, Yasmin Bolt and Santina Harrison. TS, HG and LP would like to stay on as Chair, Secretary and Treasurer. Committee needs a minimum of 5 and maximum of 12 members, with 60% being parents at the time of election. TS to remain as Chair – all in favour. HG to remain as Secretary – all in favour. LP to remain as Treasurer – all in favour. BW, JP, LS and RL to remain as Committee Member – all in favour. ## Questions and AOB TS is aware a resolution to banking signatories is still required and will be prioritised once the budget has been finalised. LP confirmed her employer has agreed to replace the vinyl flooring throughout the pre-school and hopes this work can start in October half term. |**ID**|**Action**|**Owner**|**Due Date**|**Status**| |---|---|---|---|---| |2409-01|TS and LS to explore investment opportunities for
the contingencyfunds.|TS|19/11/24|Open| Page 7 of 8 ## **Prepared and Submitted by** ## **Tom Saunders Chair of the Committee** Page 8 of 8