REGISTERED OFSTED NUMBER: EY451151 REGISTERED CHARITY NUMBER: 1030804
TRUSTEES ANNUAL REPORT FOR THE PERIOD OF
LITTLE WONDERS PRESCHOOL
CHALKSTONE WAY, HAVERHILL, SUFFOLK, CB9 0BW
The trustees of the charity for the purposes of the Companies Act 2006, present their report for the year ending 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019).
OBJECTIVES AND ACTIVITIES
Aim: The aim of the preschool is to enhance the development and education of the children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children for the benefit of the community.
Public benefit: The charity constitutes a public benefit entity as defined by FRSI 02.
The trustees have complied with the duty in Section 4 of the 2006 Charities Act with regard to the public benefit requirement.
ACHIEVEMENT AND PERFORMANCE
Charitable activities: The charitable activity of the company is the operation of a preschool in accordance with the objective.
FINANCIAL REVIEW
Principal funding sources: The principal funding sources for the charity are by way of fees rendered and local authority grants.
Reserves policy: The funds of the charity are applied in furtherance of it's objectives and aims. It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level to provide sufficient funds to cover temporary timing differences in grant claims and to cover moderate shortfalls.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document: The unincorporated charity is controlled by its Alliance model constitution written specifically for early years provisions and approved by the Charity Commission.
Recruitment and appointment of new trustees:
The appointment of new trustees are in accordance with the constitution of the charity and reelected at the Annual General Meeting.
Names of the charity trustees who manage the charity:
Steve Ward – Chair Veronica Roberts – Treasurer Denise Whitehead – Secretary
Approved by order of the board of trustees on 21st September 2023 and signed on its behalf by:
Mr S Ward – Chair
| Month 2022-2023 | OUTGOINGS | RECEIPTS | DIFFERENCE (Profit/Loss) |
|---|---|---|---|
| September | £14,408.86 | £2,789.44 | -£11,619.42 |
| October | £14,356.35 | £29,372.98 | £15,016.63 |
| November | £12,301.68 | £2,824.08 | -£9,477.60 |
| December | £14,782.38 | £27,189.48 | £12,407.10 |
| January | £13,503.42 | £2,528.46 | -£10,974.96 |
| February | £12,457.85 | £17,385.20 | £4,927.35 |
| March | £17,050.58 | £6,242.16 | -£10,808.42 |
| April | £12,715.98 | £36,582.73 | £23,866.75 |
| May | £14,389.54 | £17,842.67 | £3,453.13 |
| June | £12,272.25 | £6,393.25 | -£5,879.00 |
| July | £12,278.59 | £976.66 | -£11,301.93 |
| August | £10,814.54 | £27,793.36 | £16,978.82 |
| TOTAL | £161,332.02 | £177,920.47 | £16,588.45 |
| Current Monthly Average | £13,444.34 | £14,826.71 | £1,382.37 |
| Account Balance starting year 01/09/22 | 61,194.67 | ||
| Account Balance ending year 31/08/23 | 77,783.12 |
ANNUAL PROFIT/LOSS ON CURRENT ACCOUNT
| OUTGOINGS FOR THE YEAR | |
|---|---|
| Salaries,Tax,Employer NI&Pensions | 140,032.01 £ |
| Building- Rent, Utilities,Repairs andMaintenance | 7,911.77 £ |
| Uniforms | 855.95 £ |
| Catering | 1,475.89 £ |
| Consumables | 1,943.13 £ |
| EducationandResources | 3,028.48 £ |
| Office costs (inclpostage) , contracts & Subscriptions | 3,462.00 £ |
| BuildingWork | - £ |
| Professional Fees | 435.25 £ |
| Training | 240.00 £ |
| Other | 2,081.11 £ |
| TOTAL | 161,465.59 £ |
| RECEIPTS FOR THE YEAR | ||||
|---|---|---|---|---|
| ParentRemittances (Fees & Uniform) | £ | 18,976.65 | ||
| VoucherSchemes | £ | 2,713.00 | ||
| SCCFunding | £ | 152,527.40 | ||
| Fundraising/ Donations | £ | 198.20 | ||
| Bank Interest | £ | 5.21 | ||
| Other | £ | 1,762.52 | ||
| TOTAL | £ | 176,182.98 | ||
| Current Account | **Fundraising ** | Account | Savings Account | NET PROFIT FOR THE YEAR |
| £16,588.45 | £7,508.42 | £1,567.05 | £25,663.92 |
Little Wonders Pre School
Income and Expenditure Account For the year ended 31st Aug 2023
| £ | £ | |||
|---|---|---|---|---|
| Income | ||||
| Parent Remittances and Uniform | £ | 20,450.65 |
||
| Voucher Scheme | £ | 2,713.00 |
||
| Suffolk County Council | £ | 152,527.40 |
||
| Interest | £ | 3,463.60 |
||
| Fundraising and Donations | £ | 42.44 |
||
| Other | £ | 395.00 |
£ | 179,592.09 |
| Expenses | ||||
| Building Work | £ | - |
||
| Education and Resources | £ | 3,028.48 |
||
| Salaries incl Employer NI | £ | 139,898.44 |
||
| Repairs and Maintenance/Rent/Rates/Utilities | £ | 7,911.77 |
||
| Cleaning and Consumables | £ | 3,419.02 |
||
| Uniforms | £ | 855.95 |
||
| Office costs | £ | 3,462.00 |
||
| Professional Fees | £ | 435.25 |
||
| Training | £ | 240.00 |
||
| Other | £ | 2,081.11 |
£ | 161,332.02 |
Net Profit for the Year
£ 18,260.07