Trustees’ Annual Report for the period
From 01/09/2021 To 31/08/2022
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 |
||
|---|---|---|
| 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. We have had more children in the playgroup than ever before and have increased the number of children at the setting. 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 fifth 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 9-12:30pm 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. |
-
We have employed a deputy manager to increase capacity of the management team as the children and staff members increase
-
We have started to run outings via a forest school leader and plan to continue this into the new term.
-
• We are now a London living wage employer.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
|
|---|---|
| Performance of fundraising activities against objectives set |
We have managed to increase our reserves and will now invest this back into the playgroup with improved resources. |
| 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 £18,120 this year (against a surplus of £11,176 the previous year. 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’s 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 | £ 86,720 |
| 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 are now a London Living Wage employer and from September 2022 now open from 8am to 3pm, 38 weeks of the year. The aims of this is to offer better salaries for staff as well as better support for parents. WPPS maintains 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 by extending our hours, increasing fundraising efforts and increasing pupil numbers through advertising and updating the preschool’s website. There is a healthy waiting list and as our hours extended our financial position strengthened although the cost-of-living crisis in late 2022 to present has increased resource cost. There is also a level of uncertainty around the level of funding the government intends to provide when extending it funded childcare places and how this will impact WPPS’s financial position. WPPS is mindful of the faced in recruitment within the Early years sector. |
| 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 21/22-year, funding made up 35% of income, fees 63% and fundraising 2%. |
| The major outgoing was wages and staff costs with 79% of expenditure being attributable to this. Rent was 7% of expenditure. |
|
|---|---|
| Investment policy and objectives including any social investment policy adopted |
N/A |
| A description of the principal risks facing the charity |
We have increased our financial reserves 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. We have extended playgroups opening hours to 3pm. This will require more staff and more costs. The management team assesses regularly assesses our cost to income ratio to ensure we maintain our reserves policy. There is also a level of uncertainty around the level of funding the government intends to provide when extending it funded childcare places and how this will impact WPPS’s financial position. WPPS is mindful of the faced in recruitment within the Early years sector. |
| Other | N/A |
Structure, Governance and Management
| Structure, Governance | and Management |
|---|---|
| Description of charity’s trusts: |
|
| 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: N/A 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
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 ** |
|||||
|---|---|---|---|---|---|---|---|
| 1 | Gemma Stuart | 30.06.2021-30.06.2022 | |||||
| 2 | Ruth O'Malley | Treasurer | 30.06.2021-30.06.2022 | ||||
| 3 | Olga Szynkarczuk | Secretary | 30.06.2021-30.06.2022 | ||||
| 4 | Rebecca McKelvey | Chair | 30.06.2021-30.06.2022 | ||||
| 5 | Demelza Barker | Maternity leave from trusteeship |
30.06.2021-30.06.2022 | ||||
| ~~6~~ | Louise Herington | Co-Chair | 30.06.2022-present | ||||
| ~~7~~ | Nathalie Priem | Co-Chair | 30.06.2022-present | ||||
| ~~8~~ | Dr Hakim Yadi | Secretary | 30.06.2022-present | ||||
| 9 | Tineke Zonneveld | Treasurer | 30.06.2022-present | ||||
| 10 | Dr Susie Holland | 30.06.2022-28.05.2023 | |||||
| 11 | Dr Rachel Libert | 30.06.2022-23.02.2023 | |||||
| 12 | Tehseen Nooruddin | 30.06.2022-23.02.2023 | |||||
– 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 |
|
|---|---|---|---|
| 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) ~~[Yuck|~~ Full name(s) Tineke Zonneveld ~~ee~~ Position (eg Treasurer Secretary, Chair, etc) Date 29.06.2023 ~~: ee ee |~~
srh, Receipts and pa ments accounts CC16a For the period To Section A Receipts and payments Unrestricied funds Restrhcte d funds Endowm ent funds tothe Total funds L81 •r A1 Receipts Fees Fundthg Fund RaIng JRS (knnt 82217 45 S1945 38hJt Sub tolal(Gra%s inc4)n AR) 130.8x1 gSJ50 A2 Ass•t and Inv•stsn•nt sal• table). 130JXI A3Pa Rent 6.120 60.872 3.71S 10.799 Salary Pensw)n 1.711 Tax Tr8ning InsurarK 07• Other Garden Sub lolal 11U12 183 (see table)
Sub total TotaipaynRnts 111512 84.183 Net of receipt[payments) A5 Transfe between funds A6 Cash funds last year end Cash funds this year end 11.120 .17 f$.1 Section B Statement of assets and lia Unrestri Restricte d funds Endowmen t funds Categorles D•tails ftsnd$ B1 Cash funds 378 Cther IrevDhJl i>rdl Tolal cash funds 86.720 Unrestri $trICte Endowm d funds t funds fvnds Details 82 Other monelary assots Fundb) whl ¢tsrrnnt v*lu• Details B3 Investment assets Fund b) whkh Currnnt¥•lu• Details B4 Assets retained for the charitys own use
Wlw du• hkh Detalls BS Lialxlities span ty one ort*f %14?5 on Lwhavof Sgnalure Nam•
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiners report on the accounts On acc< trthe year 31 W2022 {rfnyl I rer•xt to the trUS oltt XA>Junts ofthe abo nhe TDJ51l lorthe yeweThJwJ 31 IW2022. RawlblI•8 and basis As thè thartiylrnsiees ofthè Tntst, reswjnsknk forihe parnt)n oftho ol Trport a(tounts kn aC¢X¥d wlh th• rg]uir•rtnts ofthe CharsAd 2011 Cthe . I of ftry •y2mAMtK)n ollhe Tnjrfs wunts rAnled uThJer sect¥)n 145 olthe 2011 Ad ar¥J kn uThyir¥a Olrt ffly eyaThn8tb)n, I lor1)w the aPF4Ic4t4e by the Chwiy CotythsTr undw SKWJn 14515llbl ol the Independent wimln•rfs I he my exarrinth)n. I that no mot¢rial mètters h8bP O)ff to Statemont th81 kn. Any m8tetsl (e¥ca.' 8cthurrtry 0$ere r#Jt kek kn a9nc¢ wlh s•rthn 130 ofth• Ad or I haw no tthieoms arnj ha come a(¥oss othermatt¢ts Conr¢1)fi wlh th• eyathnalth to whith thntion shouhj t df8wn kn order to enable J WDwr urKlerslaThlAI ofth? b• rnafthl. ft•1t wths$w)nal 9lifat14)nI$) or Ixxly lif IER Octikn 2018