Trustees’ Annual Report for the period
From 01/09/2020 To 31/08/2021
Charity name: Wanstead Park Preschool
Charity registration number:1030273
Objectives and Activities
| Summary of the purposes of the charity as set out in its governing document |
WPPS aims to: • Provide high quality care and education for children below statutory school age; • Work in partnership with parents to help children learn and develop; • Add to the life and well-being of the local community; and • Offer children and their parents a service that promotes equality and values diversity. |
| 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. |
WPPS’s programme supports children to develop the knowledge, skills and understanding they need to achieve the goals of the prime and specific areas of learning of the Early Years Foundation Stage. WPPG believes children are born ready, able and eager to learn. They actively reach out to interact with other people, and in the world around them. Development is not however an automatic process. It depends on each unique child having opportunities to interact in positive relationships and enabling environments. Prime Areas 1. Personal, Social and Emotional Development • Making relationships • Self-confidence and self-awareness • Managing feelings and behaviour 2. Physical Development • Moving and handling • Health and self-care 3. Communication and Language • Listening and attention • Understanding • Speaking |
| Specific areas 1. Literacy • Reading • Writing 2. Mathematics • Numbers • Shape, space and measure 3. Understanding the World • People and communities • The world • Technology 4. Expressive Arts and Design • Exploring and using media and materials • Being imaginative Characteristics of Effective Learning 1. Playing and exploring – engagement • Finding out and exploring • Playing with what they know • Being willing to ‘have a go’ 2. Active learning – motivation • Being involved and concentrating • Keeping trying • Enjoying achieving what they set out to do 3. Creating and thinking critically - thinking • Having their own ideas • Making links • Choosing ways to do things |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
WPPS is an inclusive setting with a friendly, approachable and committed staff team who seek to welcome a diverse range of children and families. The Trustees have had regard to the Charity Commission’s guidance on public benefit. |
You may choose to include further statements where relevant about:
Additional information (optional)
| Policy on grant making |
N/A |
| Policy on social investment including program related investment |
N/A |
| Contribution made by volunteers |
WPPS has had student and community volunteers attending sessions occasionally, and frequently has parent members contribute to both the day to day running of the setting as well as supporting events. |
| Other | N/A |
Achievements and Performance
| 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. |
It has been a busy year at WPPS. As usual in September there was a big change over in children with many having left for primary school and new children joining the preschool, including a high proportion of 2 year olds, which required an increase in staff members to meet legal requirements for staff to children ratios. The lunch club, which gives nursery age children the opportunity to eat with their peers before being walked to the local primary school’s nursery for afternoon session is now in its fourth year and continues to be a success. The lunch club enables children to be taken across to the primary school and in this way, means that parents can access continuous childcare from 9-3.30 during term time and it also helps the children with the transition to attending the nursery in the afternoons. We were able to maintain staffing and offer of childcare when we were allowed to open (due to COVID). Parents were refunded fees when the children were not able to attend the playgroup. A summary of our achievements are as follows: - • New and old parents continue to be active in fundraising sessions and events such as the family discos and fundraisers in the church including a family Christmas concert organised by the mother and father of a nursery child. • World book day was a great success this year with many children dressing up as characters from their favourite books. The staff have also encouraged the children to |
engage with different books by each choosing their favourite book for the week and putting together activities themed around their choice.
- We were able to act fast during the covid outbreak and offer excellent, healthy and safe care for all of our children.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
|
| Performance of fundraising activities against objectives set |
WPPS had significantly less funding this year due to the COVID outbreak but we are aiming to increase this once social distancing stops. |
| Investment performance against objectives |
N/A |
| Other | N/A |
Financial Review
| Review of the charity’s financial position at the end of the period |
The account had a surplus of £11,175 this year and an income of £95,358. This highlights the need for the organisation with a very healthy number of children and a long waiting list. We are happy to add to our reserves and will look to use some of this funding next year for children resources. |
|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
WPPS aims to hold as reserves consisting of the greater of four months operating costs or the cost of winding up the preschool (including redundancy liabilities). |
| Amount of reserves held | £ 68,600 |
| Reasons for holding zero reserves |
N/A |
| Details of fund materially in deficit |
See below |
| Explanation of any uncertainties about the charity continuing as a going concern |
WPPS continues to feel the impact of increased staffing costs and static government funding for early years settings. WPPS strives to attract and retain the best early years practitioners and needs to be able to remunerate their staff fairly. We have an aspiration to work towards paying staff the London Living Wage. WPPS aims to maintain a healthy level of reserves and match income and expenditure where possible. Over the coming year, the Trustees aim to increase the level of reserves in line with the reserves policy. This will be achieved through fundraising efforts and increasing pupil numbers through advertising and updating the preschool’s website. As WPPS was closed from 23 March 2020 as a result of the Covid 19 pandemic. This has had a significant impact on the finances of the preschool for the 19/20 year, even taking into account partial reliance on the government furlough scheme and continued early years funding received from Redbridge. The main reasons for this are the loss of income generated from fees usually charged to fee paying families and the interaction of the furlough scheme with the receipt of early years funding. We were able to open WPPS in September 2020 and continue to run. At this time, there is a good waiting list for places at the preschool and so it is hoped that WPPS’s income will return to the same levels achieved before the pandemic. The trustees are also looking into building the management team to have a deputy manager as well as extending the pre-school hours from 12-3pm to better support parents in the local community as well as provide our staff with better salaries. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|
| The charity’s principal sources of funds (including any fundraising) |
The principal sources of funding for WPPS are from Redbridge for the provision of early years education and fees charged to parents. For the 19/20 year, funding made up 40% of income, fees 56% and fundraising and the JRS grant the other 4%. |
| The major outgoing was wages and staff costs with 72% of expenditure being attributable to this. Rent was 7% of expenditure. |
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| Investment policy and objectives including any social investment policy adopted |
N/A |
| A description of the principal risks facing the charity |
The preschool was facing financial pressure from the Covid 19 pandemic, increases in staffing costs, static funding levels, keeping student numbers at a sustainable level and the burden of regulatory requirements. This year we have managed to increase our stability and we aim to continue to manage our finances prudently and discuss how best to mitigate risks while still investing in our resources and activities for children. |
| Other | N/A |
Structure, Governance and Management
| Structure, Governance | and Management |
|---|---|
| Description of charity’s trusts: |
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| Type of governing document (trust deed, royal charter) |
Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Trust |
| 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 |
Elected annually by members at AGM in October or at extraordinary GM as needed after request for candidates |
| Additional information (optional) You may choose to include further statements where relevant about: |
|
| Policies and procedures adopted for the induction and training of trustees |
N/A |
| The charity’s organisational structure and any wider network with which the charity works |
N/A |
| Relationship with any related parties |
N/A |
| Other | N/A |
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name | Wanstead Park Preschool |
| Other name the charity uses | N/A |
| Registered charity number | 1030273 |
| Charity’s principal address | St Gabriel’s Church Hall Park Road London E12 5HQ |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole **year ** |
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|---|---|---|---|---|---|
| 1 | GemmaStuart | 30.06.2021-present | |||
| 2 | Ruth O'Malley | Treasurer | 30.06.2021-present | ||
| 3 | Olga Szynkarczuk | Secretary | 30.06.2021-present | ||
| 4 | Rebecca McKelvey | 30.06.2021-present | |||
| 5 | Demelza Barker | Maternity leave from trusteeship |
23.03.2021 -present | ||
| 6 | Rachel Singh Davies |
Chair (until 01.09) | 01/09/2019 – 01.09.2020 | ||
| 7 | Carly Harlow | Treasurer (until 01.09) |
01/09/2019 – 01.09.2020 | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
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|---|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | |||
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
Signature(s) Full name(s) Rebecca McKelvey Position (eg Chair Secretary, Chair, etc) Date 30.06.2022
| | CHARITY CoM \Vansteay Park qresarog [ in) FOR ENGIAND ANd HAO Wanstead Pack Prescheal 1030243 Receipts and payments accounts .or the period : Section A Receipts and payments Unrestricted R lowme: , funds ‘om ar= nt Total funds Last year Ai tothe nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest£ Receipts Feing | Ts |es [675 | i = aa sesas) | llee” renee Ta jaes | el ee | a | TTT Cl a, SC:t=—“=~C~SYCCC:| Sub total (Gross Income—+_}+ fat —— — ——+ Bn oe | |aes) ll es pos Eon) | |ee) |a __ «Sd A2 Asset and investment sales, (see table). ee EEeT _ Subtotal] |) Total receipts [ses] [J CJ]_ ssa} A3 Payments eeRetOT—~—“—~tCSC—C TT a <r ©) [PensionCdee)eseeeC™~“‘ésRASSCYT™:™:~“‘CNNWCWCSYSOWOWC~S § perry |CIS] [SC88 ees 2 re |eT eS | es |es |Ss ee) O ther Y Ee |es | CSA | eeee |ee )es | a Sub tol "es PC[rrrrrrrr—CtsYS] purchases,(see table) eeee ee Total paymenSub to t al]s [—__sa63] [___] [J—|— AS Net of receipts(payments)| —_11,176| )1,976) |85,181 A6 CashTransfersfundsbetween last year fundsend ,| ©t—“(;‘i‘C« Ee e || Cash funds this yearend|—_—_11,176 |19,176} |[35,181]
CCXX R11 accounts (SS)
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Section B Statement of assets and liabilities at the end of the period
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Unrestricted Restricted Endowment Categories Details funds funds funds Bt Cash funds : to nearest £ esto nearest £ |esto nearest£ Resenehecut Te Total cash funds a) (agree balances with receipts and payments Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest[£] aS =— Details assetFund tobe which Cost (optional). Currentsiplioriavalue == === Fund to which . Current value BA5Assets retained forthe Details asset eyCost (optional) | optional oe ee |ae Details Fundliability torelateswhich Amountoptional)due Wheni due Sramoeor two trustees on Signature Fina Nene =vil | aa PeRECCA HCKELVEY |[H-6-2>
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CCXXR2 accounts (SS)
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On accounts for the year | 31 August 2021
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| report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 5
Responsibilities and As the charity's trustees, you are responsible for the preparation of the
basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the
Act’).
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| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent |! have completed my examination. | confirm that no material matters have examiner's statement CMe to my attention in connection with the examination which gives me cause to believe that in, any material respect: * the accounting records were not kept in accordance with section 130 of the Charities Act; or * the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
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Signed: | == —-_ZE, 5 ; 4 | Date: | <0 / 6/27
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