NEATISHEAD & BARTON PRESCHOOL
REPORT OF THE COMMITTEE OF TRUSTEES FOR THE YEAR ENDED 31AUGUST 2024
The committee presents their annual report and the financial statements for the year ended 31August 2024 .
Status
Neatishead & Barton Preschool is a registered charity (no. 1029870) established by a constitution document dated 13 January 1993.
The accounts are compliant with current statutory requirements in accordance with the constitution document.
Principal Activities
The principal activity of the trust is that of a preschool. This is achieved by fees paid for attendance together with fund raising, grants and donations.
Review of Development, Activities and Achievements made during the Year
September 2023 to August 2024 has been another successful year for Neatishead and Barton
Preschool. We successfully recruited a new Preschool Manager, Alice Notley joined the team in February 2024 and has settled in brilliantly. A big thank you to Nicky, Maggie and Teresa who stepped up while we recruited and have welcomed and supported Ali in her role.
Ali led the team to a Good outcome at their Ofsted inspection in June 2024 where the excellent work of the team was highlighted by the inspector who said that ‘children thrive at this warm and welcoming community preschool’.
Tapestry was implemented in the setting and has had a great impact on parent partnership.
Staff have accessed training through the local authority and have kept up to date with safeguarding, first aid and SEND courses continuing to ensure our staff team are well trained and up to date with their knowledge.
In the summer holidays, Preschool was redecorated inside with fresh painting and looks nice and
fresh ready for the new school year.
Financially, we have received a very generous donation from the Neatishead Bowls Club of £350 and successfully raised £883.16 through our Mississippi Boat night with raffle, £147 on two Teddy Tombolas at FONS events and £90 on tractor rides at the FONS Christmas Fair.
The school transition was a small one this year, with just two children leaving for primary school. The changes to funding for two year olds has seen an increase in demand and Preschool now being full most days of the week, with a waiting list of children due to start.
Recruiting members for the committee has been a struggle towards the end of the year, this is something the committee continues to work for through parents and the local community.
Preschool has struggled with the increased staffing costs due to the rise in National Minimum Wage in April and have had to increase fees this year to cover this and other running costs. Despite this and the funding changes from the government we have unfortunately had a loss this financial year of £5574.65. This will be reviewed at the AGM and a plan of action made for the year going forward.
I would like to thank the committee and staff team for their continued support and hard work to ensure our Preschool remains successful and a vital service to our village.
The committee believes the trust's affairs to be satisfactory.
The finance of the trust remains secure with funds being held in bank accounts of £18,640.
Reserves Policy
The financial security of the nursery and playgroup is dependent on the number of children moving into the locality and upon the birth rates. We need reserves to keep services running in times of lower children numbers attending. We would like to maintain the current reserve levels which roughly equate to 4 months expenditure.
Danielle Harrington
Chair
Neatishead and Barton Preschool
Financial Activities Comparison
September 2023 - August 2024
| TOTAL | |||
|---|---|---|---|
| SEP 2023 - AUG 2024 | SEP 2022 - AUG 2023 (PY) | ||
| Income | |||
| Charitable activites | 2,109.02 | 633.84 | |
| Other Income | 32.25 | ||
| Sales of Product Income | 25.00 | ||
| Services | 37,543.14 | 49,828.37 | |
| Total Income | £39,677.16 | £50,494.46 | |
| Cost of Sales | |||
| Purchases | 507.31 | 2,147.56 | |
| Subscriptions | 139.20 | 153.88 | |
| Total Cost of Sales | £646.51 | £2,301.44 | |
| TOTAL | £39,030.65 | £48,193.02 | |
| Expenditures | |||
| Advertising/Promotional | 38.03 | ||
| Insurances | 1,037.28 | ||
| Office/General Administrative Expenses | 848.03 | ||
| Other Professional Services | 873.56 | 720.00 | |
| Payroll Expenses | 0.45 | ||
| Taxes | 390.58 | ||
| Wages | 34,434.58 | 34,330.65 | |
| Total Payroll Expenses | 34,825.61 | 34,330.65 | |
| Printing, Postage and Stationery | 1,016.03 | 322.10 | |
| Raising funds | 480.00 | ||
| Rent & Rates | 2,160.99 | 1,149.99 | |
| Repairs & Maintenance | 2,158.73 | 1,562.99 | |
| Telephone & Computer Costs | 791.55 | 801.95 | |
| Uncategorised Expense | 1,036.44 | ||
| Total Expenditures | £44,229.81 | £39,924.12 | |
| NET OPERATING INCOME | £ -5,199.16 | £8,268.90 | |
| Other Expenditures | |||
| penalties | 0.00 | ||
| Total Other Expenditures | £0.00 | £0.00 | |
| NET OTHER INCOME | £0.00 | £0.00 | |
| NET INCOME/(EXPENDITURE) | £ -5,199.16 | £8,268.90 |
1/1
Thursday 8 May 2025 05:29 pm GMT+01:00
Neatishead and Barton Preschool
Balance Sheet
As of August 31, 2024
| TOTAL | |||
|---|---|---|---|
| AS OF AUG 31, 2024 | AS OF AUG 31, 2023 (PY) | ||
| Fixed Asset | |||
| Total Fixed Asset | |||
| Cash at bank and in hand | |||
| Barclays Current | 18,640.13 | 22,915.79 | |
| Total Cash at bank and in hand | £18,640.13 | £22,915.79 | |
| Debtors | |||
| Debtors | 0.00 | ||
| Total Debtors | £0.00 | £0.00 | |
| NET CURRENT ASSETS | £18,640.13 | £22,915.79 | |
| Creditors: amounts falling due within one year | |||
| Trade Creditors | |||
| Creditors | 1,373.66 | 528.21 | |
| Total Trade Creditors | £1,373.66 | £528.21 | |
| Current Liabilities | |||
| Payroll Liabilities | |||
| HMRC | 78.05 | ||
| Total Payroll Liabilities | 78.05 | ||
| Total Current Liabilities | £78.05 | £0.00 | |
| Total Creditors: amounts falling due within one year | £1,451.71 | £528.21 | |
| NET CURRENT ASSETS (LIABILITIES) | £17,188.42 | £22,387.58 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £17,188.42 | £22,387.58 | |
| TOTAL NET ASSETS (LIABILITIES) | £17,188.42 | £22,387.58 | |
| Charity funds | |||
| Retained Earnings | 22,387.58 | 14,118.68 | |
| Surplus/(Deficit) | -5,199.16 | 8,268.90 | |
| Total Charity funds | £17,188.42 | £22,387.58 |
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Accrual Basis Thursday 8 May 2025 05:30 pm GMT+01:00
The accounts for Neatishead & Barton PreSchool were inspected by Sarah Heffer Accountancy Ltd and found to be in order.
Sarah Heffer Accountancy Ltd 2024
Neatishead and Barton Preschool
Financial Activities Comparison
September 2023 - August 2024
| TOTAL | |||
|---|---|---|---|
| SEP 2023 - AUG 2024 | SEP 2022 - AUG 2023 (PY) | ||
| Income | |||
| Charitable activites | 2,109.02 | 633.84 | |
| Other Income | 32.25 | ||
| Sales of Product Income | 25.00 | ||
| Services | 37,543.14 | 49,828.37 | |
| Total Income | £39,677.16 | £50,494.46 | |
| Cost of Sales | |||
| Purchases | 507.31 | 2,147.56 | |
| Subscriptions | 139.20 | 153.88 | |
| Total Cost of Sales | £646.51 | £2,301.44 | |
| TOTAL | £39,030.65 | £48,193.02 | |
| Expenditures | |||
| Advertising/Promotional | 38.03 | ||
| Insurances | 1,037.28 | ||
| Office/General Administrative Expenses | 848.03 | ||
| Other Professional Services | 873.56 | 720.00 | |
| Payroll Expenses | 0.45 | ||
| Taxes | 390.58 | ||
| Wages | 34,434.58 | 34,330.65 | |
| Total Payroll Expenses | 34,825.61 | 34,330.65 | |
| Printing, Postage and Stationery | 1,016.03 | 322.10 | |
| Raising funds | 480.00 | ||
| Rent & Rates | 2,160.99 | 1,149.99 | |
| Repairs & Maintenance | 2,158.73 | 1,562.99 | |
| Telephone & Computer Costs | 791.55 | 801.95 | |
| Uncategorised Expense | 1,036.44 | ||
| Total Expenditures | £44,229.81 | £39,924.12 | |
| NET OPERATING INCOME | £ -5,199.16 | £8,268.90 | |
| Other Expenditures | |||
| penalties | 0.00 | ||
| Total Other Expenditures | £0.00 | £0.00 | |
| NET OTHER INCOME | £0.00 | £0.00 | |
| NET INCOME/(EXPENDITURE) | £ -5,199.16 | £8,268.90 |
1/1
Thursday 8 May 2025 05:29 pm GMT+01:00
Neatishead and Barton Preschool
Balance Sheet
As of August 31, 2024
| TOTAL | |||
|---|---|---|---|
| AS OF AUG 31, 2024 | AS OF AUG 31, 2023 (PY) | ||
| Fixed Asset | |||
| Total Fixed Asset | |||
| Cash at bank and in hand | |||
| Barclays Current | 18,640.13 | 22,915.79 | |
| Total Cash at bank and in hand | £18,640.13 | £22,915.79 | |
| Debtors | |||
| Debtors | 0.00 | ||
| Total Debtors | £0.00 | £0.00 | |
| NET CURRENT ASSETS | £18,640.13 | £22,915.79 | |
| Creditors: amounts falling due within one year | |||
| Trade Creditors | |||
| Creditors | 1,373.66 | 528.21 | |
| Total Trade Creditors | £1,373.66 | £528.21 | |
| Current Liabilities | |||
| Payroll Liabilities | |||
| HMRC | 78.05 | ||
| Total Payroll Liabilities | 78.05 | ||
| Total Current Liabilities | £78.05 | £0.00 | |
| Total Creditors: amounts falling due within one year | £1,451.71 | £528.21 | |
| NET CURRENT ASSETS (LIABILITIES) | £17,188.42 | £22,387.58 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £17,188.42 | £22,387.58 | |
| TOTAL NET ASSETS (LIABILITIES) | £17,188.42 | £22,387.58 | |
| Charity funds | |||
| Retained Earnings | 22,387.58 | 14,118.68 | |
| Surplus/(Deficit) | -5,199.16 | 8,268.90 | |
| Total Charity funds | £17,188.42 | £22,387.58 |
1/1
Accrual Basis Thursday 8 May 2025 05:30 pm GMT+01:00
The accounts for Neatishead & Barton PreSchool were inspected by Sarah Heffer Accountancy Ltd and found to be in order.
Sarah Heffer Accountancy Ltd 2024