## **Trustees’ Annual Report for the period** **From 01 September 2023 Period start date To 31 August 2024 Period end date** ## **Charity name: Wanstead Park Preschool (WPPS)** ## **Charity registration number: 1030273** ## **Objectives and Activities** |**Objectives and Activities**||| |---|---|---| ||SORP
reference|| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|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.|Para 1.17
and 1.19|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. WPPS
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|Para 1.18||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.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **n/a** Para 1.38 Policy on grant making **n/a** Para 1.38 Policy on social investment including program related investment |||| |---|---|---| |Contribution made by
volunteers|Para 1.38|WPP is managed by the volunteer trustees who
give their time freely and receive no
remuneration or other benefits.
Trustees carry out fundraising activities, with the
help of preschool staff and parents whose
children attend the setting| |Other||n/a| ## **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|The preschool is staffed by an experienced and
well-qualified team. We operate with enhanced
ratios of staff to children to focus on individual
child development within the EYFS framework.
Children with developmental needs are
identified and supported at an early stage.
We offer a safe, fun and stimulating
environment in which children can learn through
play. Children have opportunities to grow
emotionally as well as physically, to develop
their communication and language skills, and to
increase their self confidence and self-
awareness.
A summary of our achievements are as follows: -
•
Our Ofsted inspection in October 2023
returned a rating of Good
•
New and old parents continue to be active in
fundraising sessions and events such as the
family discos and fundraisers.
•
We have started to introduce additional
activities in our sessions provided by
external resources and plan to continue this
into the new term.
•
Operationally we introduce the nursery
management software Famly as well as the
finance software Xero which have both
improved the running of the setting.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** ||Review of the charity’s financial
position at the end of the
period|Para 1.21|Annual income from childcare decreased to
£155,829 against comparable income of
£181,842 the previous year. Income rose in the
prior year due to the increased hours offered
compared to previous years, however in this
financial year we have begun to see the twin
effects of a lower birth rate due to Covid and an
increase in funded places which are provided by
the government at a lower rate than our fee
paying places. Coupled with funding rates not
increasing and costs continuing to increase
disproportionately to income, due to inflation
and the national living wage increase driving up
staff costs.
This resulted in a loss of £10,893.96 compared
to a surplus of £3,081 the previous year. The
Trustees reassessed our fee structure and
instituted a modest raise however we are now
more reliant than ever on funded rather than
fee paying places which do not bring in the same
level of income. Nonetheless, the overall
financial position of the charity remains strong.
Cash balances at theyearend were £61,955.| |---|---|---|---| |Statement explaining the policy
for holding reserves stating why
they are held|Para 1.22|The trustees aim to hold a minimum of 3
months of operating costs in reserves. Reserves
are held to meet unforeseen expenditure,
losses due to unexpected closures, to cover
sudden reductions in fee income due to
changing childcare requirements and to cover
terminal obligations if the preschool were to
close
permanently.| |---|---|---| |Amount of reserves held|Para 1.22|Reserves were £61,955 at the year end, held in
savings and current accounts| |Reasons for holding zero
reserves|Para 1.22|| |---|---|---| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the charity
continuing as a going concern|Para 1.23|The charity remains well funded with ample
reserves to support the preschool.
The Government announcement of funded
places for all 2 year olds from April 24 has
impacted out income as we either need to offer
places at a lower income rate or not have
children on role and lose income that way. Along
with a lower birth rate and the local primary
school nursery having spare places WPPS
remains confident but cautious about its future.
We continue to feel the impact of increased
staffing costs and static government funding for
early years settings. We strive to attract and
retain the best early years practitioners and are
mindful of the issues currently faced in
recruitment within the Early years sector.| ## **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 is from providing
childcare, paid for either by parents or local
authority funded early education schemes.
For the 22/23-year, funding made up 47% of
income, fees 52% and fundraising + other 1%.
The major outgoing was wages and staff costs
with 79% of expenditure being attributable to
this. Rent was 11% of expenditure.| |---|---|---| |Investment policy and
objectives including any social
investment policy adopted|Para 1.46|Surplus funds not required for immediate
running costs are placed in interest-bearing
savings accounts.| |A description of the principal
risks facing the charity|Para 1.46|The charity’s main activity is operating
Wanstead Park Preschool. The principal
associated risks are:
• Loss of the current premises at St Gabriels
church hall; there are no suitable alternatives
nearby for permanent occupation.
• If the preschool were to lose its ‘good’ rating
from Ofsted, it would no longer have access to
the free childcare schemes,causinga significant| and sudden loss of revenue. • Large increases in staff costs due to increases in the National Living Wage, not matched by increases in childcare funding and fees. • Inability to recruit adequate qualified staff • Loss of income due to fewer children attending; preschool has a limited catchment area but relies on younger children continually replacing those leaving for school. • A sudden and lengthy closure of preschool, due to damage to premises, health and safety issues, a pandemic, or other factors. 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|**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|Para 1.25|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|Para 1.51|We have a trustee job descriptions and a
handbook available to anyone becoming a
trustee.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the charity
works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charityname|Wanstead Park Preschool| |---|---| |Other name the charityuses|n/a| |Registered charitynumber|1030273| |Charity’s principal address|St Gabriel’s Church Hall
Park Road
London
E12 5HQ| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
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7
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10
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole year**|**Name of person (or body) entitled to**
**appoint trustee(if any)**| |---|---|---|---|---| ||Nathalie Priem|Co-Chair||| ||Louise Herington|Co-Chair||| ||Hakim Yadi|Secretary||| ||Tineke Zonneveld|Treasurer||| ||Hannah Wright||22.07.24 - present|| ||Daniel Singer||22.07.24 - present|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## 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 Name Address adviser** ## **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)** Tineke Zonneveld **Position (eg Secretary, Chair,** Treasurer **etc) Date** 30/06/2024 **1030273** **Wanstead Park Preschool** ## **Recei ts and a ments accounts p p y** **For the period** 01.09.22 31.08.23 **To from** ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricte**
**d funds**
**to the**
**nearest £**|**Restricte**
**d funds**
**to the**
**nearest £**|**Endowm**
**ent**
**funds**
**to the**
**nearest £**|**Endowm**
**ent**
**funds**
**to the**
**nearest £**|**Total**
**funds**
**to the**
**nearest £**| |---|---|---|---|---|---|---|---| |Fees|**1,558.00**||**-**||**-**||**-**| |Funding|**72,814.07**||**-**||**-**||**-**| |Fund Raising|**2,173.07**||**-**||**-**||**-**| |Other|**- 1,209.17**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for AR)_|**75,336**||**-**||**-**||**-**| |**A2 Asset and investment sales, (see**
**table).**|||**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**|| |---|---|---|---|---|---|---|---| ||**-**||||||**-**| ||**-**||||||**-**| |~~**_Sub total_**~~|||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||| ||||||||**-**| ||||||||| |Rent|**17,904**||**-**||**-**||**-**| |Salary|**128,551**||**-**||**-**||**-**| |Pension|**2,658**||**-**||**-**||**-**| |Expenses|**33,366**||**-**||**-**||**-**| |Tax|**-**||**-**||**-**||**-**| |Training|**411**||**-**||**-**||**-**| |Insurance|**753**||**-**||**-**||**-**| |Cost of fundraising|**34**||**-**||**-**||**-**| |Garden|**-**||**-**||**-**||**-**| |**_Sub total_ **|**183,676**||**-**||**-**||**-**| **A4 Asset and investment purchases, (see table)** ||**-**||**-**||**-**||**-**| |---|---|---|---|---|---|---|---| ||**-**||**-**||**-**||**-**| |**_Sub total_**
**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||**-**||**-**||**-**| ||**- 108,340**||**-**||**-**||| ||**-**|
|**-**|
|**-**||| ||**-**||**-**||**-**||| ||**- 108,340**||**-**||**-**||| ## **Section B Statement of assets and lia** **----- Start of picture text -----**
Unrestri Restricte
cted d funds
Categories Details funds
to nearest to nearest
£ £
Main Account
B1 Cash funds 11,670 -
Reserve Account 50,224 -
Other (revolut card) 60 -
Total cash funds 61,955 -
(agree balances with receipts and
payments account(s)) OK OK
Unrestri Restricte
cted d funds
funds
to nearest to nearest
Details £ £
B2 Other monetary assets - -
- -
- -
- -
- -
- -
Fund to
which Cost
asset (optional)
Details belongs
B3 Investment assets -
-
-
-
-
**----- End of picture text -----**
## **B4 Assets retained for the charity’s own use** |**Details**|**Fund to**
**which**
**asset**
**belongs**|**Cost**
**(optional)**| |---|---|---| |||**-**| |||**-**| |||**-**| |||**-**| |||**-**| |||**-**| |||**-**| |||**-**| |||**-**| ## **B5 Liabilities** ## **Details** **Fund to Amount which due liability (optional) relates - - - - -** Signed by one or two trustees on behalf of all the trustees Signature Print Name ## **CC16a** ## **Last year** **to the nearest £** **82,217 45,645 2,767 - - - - - 130,630** The majority of costs of fundraising are offset against the income, barin **-** **130,630** **7,794 88,423 1,711 13,356 - 550 679 - - 112,512** **112,512** **18,120** **-** **18,120** ## **Endowmen t funds** ## **to nearest £** **-** **-** **-** **-** OK **Endowmen t funds** ## **to nearest £** ## **Current value (optional)** **-** **-** **-** **-** ## **Current value (optional)** **-** **When due (optional)** Date of approval g £30 which is withing expenses ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report Report to the trustees** Charity Name Wanstead Park Preschool (WPPS) **On accounts for the year** 31 August 2024 **ended Set out on pages** |||**Charity no**
**(if any)**|1030273| |---|---|---|---| ||||| |(remember to include the page numbers of additional sheets)|(remember to include the page numbers of additional sheets)||(remember to include the page numbers of additional sheets)| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** 31/08/2024 . **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”). I 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, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) 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 - 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. I have no concerns 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._ |**Signed:**|S . Raper|**Date:**|26/06/25| |---|---|---|---| ||||| |**Name:**|Simon Raper||| ||||| |**Relevant professional**
**qualification(s) or body**|ACA||| **Oct 2018** 1 **IER** ## **(if any):** **Address:** 77 Warren Road London E11 2LX ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER**