2023-08-31-accounts

Trustees’ Annual Report for the period

From 1[st] Sept 2022 To 31[st] Aug 2023

Charity name: Neatishead & Barton Preschool

Charity registration number: 1029870

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Aim of Neatishead & Barton Pre School is to advance the education of children below compulsory school age in the local area a) Providing safe, educational, and appropriate group play, allowing for parental involvement and responsibility b) Offering opportunities for all children with no discrimination c) Encouraging other charitable activities through which the parents may help the children
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The charities main activity is to run Neatishead & Barton Pre School to provide high quality education and childcare for children aged between 2 & 5 years. Our trustees carry out various fundraising activities to supplement income
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning any of our activities, our trustees keep in mind the Charity Commission’s guidance

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Contribution made by volunteers	Para 1.38	All our trustees give their time on a voluntary basis and receive no monetary benefits. Trustees carry out all fundraising activities with the help of the preschool staff and volunteers from the local community. These have included a local quiz night, a Teddy tombola which was held as part of the Neatishead C of E Primary School FONS BBQ and selling pumpkins and sunflowers grown by the Preschool.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Our setting is staffed by a very well- qualified and experienced team. We work on the correct ratio of staff to children which enables us to focus on individual child development within the EYFS framework. We offer a fun, educational and safe environment where our children can learn through play. The children have the opportunities to develop their communication and language skills, to allow their confidence and grow emotionally in our safe and well equipped environment. We have developed good links with the local school enabling smooth transitions for our children on the next step in their education. We also work closely with our families celebrating the local traditions and values, tractor visits during Harvest and participating in local fetes.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The financial position of the charity is stable and we finish the period in a good position.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Trustees have a reserves policy whereby they would like the level of unrestricted reserves to be maintained at such a level that the Preschool could continue the current activities of the charity in the event of a significant drop in income.
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The setting is due an Ofsted inspection. It is currently rated as ‘Outstanding’ and I would hope we would continue at this same level. If not then ‘Good’ would be amazing. There is no reason why they could lose this rating, but to do so would cause a loss of income and withdrawal of children.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The principal source of funds come from providing childcare, which is paid by parents or local authority funded early years education schemes
Investment policy and objectives including any social investment policy adopted	Para 1.46	No external investment is needed at present to ensure the immediate running costs
A description of the principal risks facing the charity	Para 1.46	The charities possible risks are  Sudden and lengthy closures of preschool due to damage, health & safety issues, pandemic or environmental factors  Loss of current Ofsted rating  Large increases to staff costs due to increases in the National Minimum Wage, not matching our childcare funding and fees  Loss of premises and not having a suitable alternative  Loss of income due to fewer children attending due to rural location
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are selected from members of the association. Officers are appointed by trustees at the AGM.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	All trustees are encouraged to complete all training available via Early Years
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The setting is a member of the Early Years Alliance. This gives us access to advice, training and information to keep us in line with all policies and regulations and continue with good practice
Relationship with any related parties	Para 1.51	The preschool is in the grounds of Neatishead C of E Primary School and has a great relationship with them. This ensures a very successful and clean transition to the schools reception class
Other

Reference and Administrative details

Charity name	Neatishead & Barton Preschool
Other name the charity uses
Registered charity number	1029870
Charity’s principal address	School Road Neatishead Norfolk NR12 8XN

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Lisa Seager	Chair	Took over as Chair at 2022 AGM
	Danielle Nudd	Treasurer	Started June 2022
	Robyn Youngs	Secretary	Started June 2022
	KellyDrake		Started May2022
	Elizabeth Underdown		July2022 – Sept 2023
	Danielle Harrington		Started January2023
	Rosie Egan		Started January2023

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees (at the time of Annual Report being submitted)

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	D.Harrington	DLNudd
	Danielle Harrington	Danielle Nudd
	Chair	Treasurer
	31/07/2024
	31/07/2024

Date: 27/09/2023 Time: 12:31:46

Page: 1

Neatishead & Barton Pre-School Profit and Loss

From: Month 1, September 2022 To: Month 12, August 2023

Chart of Accounts:

Default Layout of Accounts Chart of Accounts: Period Sales Sales 49,848.37 Gift (20.00) Fund Generation - Charity Shop 3.00 Fund Raising 630.84 Other Income 32.25 50,494.46 Purchases Pre-School Purchases 1,948.36 Other School Purchases 199.20 2,147.56 Direct Expenses Subscriptions 153.88 153.88 Gross Profit/(Loss): 48,193.02 Overheads Rent and Rates 1,149.99 Printing and Stationery 322.10 Telephone and Computer charges 801.95 Maintenance 1,562.99 General Expenses 1,036.44 Gross Wages 34,330.65 Professional Fees 720.00 39,924.12 Net Profit/(Loss): 8,268.90	Year to Date 49,848.37 (20.00) 3.00 630.84 32.25 1,948.36 199.20 153.88 1,149.99 322.10 801.95 1,562.99 1,036.44 34,330.65 720.00		50,494.46 2,147.56 153.88
			48,193.02 39,924.12
			8,268.90

Neatishead & Barton Preschool

Balance Sheet at 31st August 2022

	Unrestricted	Unrestricted
	funds		Restricted funds	Designated funds	Total 2022		Total 2021
	£		£	£	£
Current Assets
Debtors	-	212			-	212	- 915
Cash at bank and in hand		18,030	-	-		18,030	25,849
		17,818	-	-		17,818	24,935
Current Liabilities
Creditors: amounts falling		3,038	-	-		3,038	4,891
due within one year
Net Current Assets		14,781	-	-		14,781	20,044
Charity funds
Unrestricted funds		14,781	-	-		14,781	20,044
TOTAL FUNDS		14,781	-	-		14,781	20,044

Lisa Seager Chair of Trustees

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Neatishead & Barton Preschool

Statement of Financial Activities for the year ended 31st August 2022

		g
	Total 2022 funds funds funds		Total 2021
	£	£ £ £	£
Incoming Resources
Charitable activities (4)		44,621 - -44,621	45,093
Fundraising activities		354 - -354	438
Total		44,976- -44,976	45,531
Expenditure on:
Charitable activities		50,239 - -50,239	41,311
Total		50,239- -50,581	41,311
Net incoming resources for the
period	-	5,263- -- 5,263	4,220
Reconciliation of
funds:
Total funds brought forward		20,044 - -20,044	15,824
Total funds carried forward		14,781 - -14,781	20,044

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