## **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 L*81 ￿•r A1 Receipts Fees Fundthg Fund Ra￿Ing 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 ￿$trICte Endowm d funds t funds fvnds Details 82 Other monelary assots Fundb) whl ¢tsrrnnt v*lu• Details B3 Investment assets Fund b) whkh Currnnt¥•lu• Details B4 Assets retained for the charitys own use Wlw du• hkh Detalls BS Lialxlities span￿ ty one ort*f ￿￿%14?5 on Lwhavof Sgnalure Nam• CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiners report on the accounts On acc<￿ trthe year 31 W2022 {rf*nyl I rer•xt to the trU*￿S oltt* XA>Junts ofthe abo￿ nhe TDJ51l lorthe yeweThJwJ 31 IW2022. Raw￿lb￿lI￿•8 and basis As thè thartiylrnsiees ofthè Tntst, reswjnsknk forihe ￿parnt￿)n oftho ol Trport a(tounts kn aC¢X¥d￿ wlh th• rg]uir•rt*nts ofthe Char**sAd 2011 Cthe ￿. I of ftry •y2mAMtK)n ollhe Tnjrfs wunts rAnled uThJer sect¥)n 145 olthe 2011 Ad ar¥J kn uThyir¥a Olrt ffly eyaTh*n8tb)n, I lor1)w￿ the aPF4Ic4t4e by the Chwiy Cotyths￿Tr undw SKWJn 14515llbl ol the Independent wimln•rfs I he￿ my exarrinth*)n. I that no mot¢rial mètters h8bP O)ff* to Statemont th81 kn. Any m8tetsl (e¥*ca.' 8cthurrtry ￿0￿$￿ere r#Jt kek* kn a￿￿9nc¢ 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 urKlerslaThl*AI ofth? b• rnaf*thl. ft•1￿￿t wths$w)nal 9￿lif￿at14)nI$) or Ixxly lif IER Octikn 2018