## **TRELOWAN PRESCHOOL Trustee’s Annual Report September 2023 – August 2024**
**Charity name –** Trelowan Preschool
**Charity no –** 1031344
**Address –** Trelowan Preschool Treverbyn Rise Penryn Cornwall TR10 8RA
**Telephone –** 01326 378377
**Email –** trelowanpreschool1@btconnect.com
**Trustees –** Christine Lucas (chairperson) Lisa Head (treasurer) Tina Nelmes (secretary) Gemma Smith Laura Gee Agnes Wojewodzka Carol Allen
**Contact –** Carol Allen (at above address and telephone number).
## **Beneficiaries**
- The children
- The families
- Employees (employment, training, self development)
- • Students/trainees
## **Recruitment and appointment of new trustees**
New trustees are recruited from the families whose children attend Trelowan Preschool. Affiliate membership is open to those individuals who are interested in supporting the preschool. All new trustees voted in at the AGM are subject to DBS checks and completed EY2 applications through Ofsted. All families of children attending the nursery are invited to attend committee meetings.
## **The Team**
Supervisions ensure that the team are supported and their training needs are identified, however team members are encouraged not to wait for supervisions if support is needed.
## **Over View**
This year has been financially more even. In order to balance the disparity between income and expenditure, we applied for the Special Educational Needs Inclusion Funding (SENIF) to put towards the cost of the additional adult support that was needed. We have organised fund raising events. In addition; we received our September 2024 estimate government funding in August 2024, which means that it will be shown as part of 2023/24 accounts
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rather than the 2024/25. This will obviously affect next years accounts and could show them in loss.
## **Aims and Objectives**
The preschools aim is to provide care and education for early years children, building firm foundations and enabling their school readiness. Our objectives are to enhance the development and education of the children. We work closely with parents to understand and provide for the needs of the children and their families.
The preschool receives Government funding for children after the term in which they are three years old. Early Years Pupil Premium (EYPP), 30 hours funding and funding for 2-year olds (both Disadvantaged Funding & Working Family Funding) has also been received this year.
We have continued to work with schools and colleges, providing placements and work experience for students from Truro College, Penryn College and Falmouth School.
Trelowan Preschool has the support of the Early Years Advisory Teacher and the Early Years inclusion team, who help review and evaluate our practice. The Trelowan team work closely with parents and outside professionals, such as the speech therapists and the early years inclusion team to ensure that the children and their families get the support they need.
This year the children have again benefitted from working with a French teacher and a Yoga teacher, promoting both self-esteem and physical confidence – EYPP was used towards the cost of the tutors.
## **Financial report**
The Preschool Manager maintains the financial records. They are reviewed and audited by the Preschool Treasurer and an independent body (Mrs Christine Francis).
## Accounts balance for **2023/2024**
|**Balance****_(1st Sept 2023)_**|£ 41,089.76|**Expenditure**|£113,176.63|
|---|---|---|---|
|**Income**|£133,313.47|**Balance****_(31st Aug 2024)_ **|£ 61,226.60|
||£174,403.23||£174,403.23|
|||||
## Accounts balance for **2022/2023**
**Balance (1[st] Sept 2022)** £ 62,761.24 **Expenditure** £116,671.20 **Income** £ 94,999.72 **Balance (31[st] Aug 2023)** £ 41,089.76 £157,760.96 £157,760.96
The main source of income is from the fees and Nursery Education Funding for two, three and four-year-olds, which is £117,772.27. The main expenditure of £97,476.36 is the staffing costs, including wages, pension, training and payroll. The total utilities costs were £2447.26 and the property maintenance was £5,445.25, which includes painting and repairs to the slope, fire safety and garden maintenance .
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The total amount of fundraising was £1649.40, which included a raffle and sponsored treasure hunt.
## **Future Plans**
In order to ensure that our preschool is accessible to all of the families in the community, it is our intention to keep the costs as low as is financially sustainable. However due to a rise in costs in all areas of the preschool, the fees will need be reviewed and updated by April 2025.
A new replacement computer needs to purchased, using funding received from Penryn Town Council and Falmouth Fire Brigade Fireworks committee.
It is our continued plan to investigate funding to enable our outdoor facilities to be improved, such as shelters/canopies to be installed to give relief from the weather for both children and parents. This will enable extended outdoor play.
The building needs to be decorated both inside and outside.
To further enhance the children's experiences, extend their learning and build confidence we will continue to provide weekly French and yoga sessions. However, this will need to be regularly reviewed as outgoings continue to increase but the government funding does not.
## **The trustees declare that they have approved the trustees report above. Signed on behalf of the charity’s trustees**
|**Signed**||**Signed**||
|---|---|---|---|
|**Full**
**name**|**Christine Lucas**|**Full**
**name**|**Lisa Head**|
|**Position**|**Chairperson**|**Position**|**Treasurer**|
|**Date**|**01/04/2025**|**Date**|**01/04/2025**|
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Trelowan Pre Sthool 2023
24
Balance Sheet
Income
se
tember- Au
Carte
| Fees
Cornwall County Councll
Uniform
Apprenticeship
Fundraisin8
ages
HMRC
Electricity
endlture
13,362.80 -
117,772.27
29.(M) /
500.LXI /
1,649.40
85,492.97
7,494.37
1,434.48
295.32
717.46
1,278.15
5.445.25
875.27
87.20
15.00
12.73
50.00
1.120.00
1.320.00
3,881.41
592.61
64.41
3,000.Crf)
BT
Insurance
Malntenance
Equipment
Team Buildng
Tralnin8
DBS
Re8lStration
French Tutor
Yoga Tutor
Pension
Payroll
Bank char8es
Transfers out
Total Income
Total ex
endlture
Net
rofit
loss
133 313.47
113 176.63
20,136.84
TRELOWAN PRE-SCHOOL BALANCE SHEEf I SEPTEMBER 2023- 31 AUGUST 2024
INCOME
EXPENDITURE
Balance as at I Sept 2023
Fees
Cornwall County Council
Uniform
Apprenticeship
Fundraising
41089.76
Wages
HMRC
EDF
sww
BT
Insurance
1278.15
Maintenance
5445.25
Equipment
875.27
Team Building
87.20
Training
15.00
D8S
12.73
Registration
50.00
French Tutor
1120.00
Yoga Tutor
1320.00
Pension
3881.41
Payroll
592.61
Bank Charges
64.41
Transfers
3000.00
8alance as at 31 Au8 61226.60
85492.97
7494.37
1434.48
295.32
717.46
13362.80
117772.27
29.00
500.00
1649.40
£133,313.47
£133,313.47
Balance as per Cash 8ook
£61226.60
Balance as per Bank Statement £61226.60
I certify that this is a true record, as presented to me, of Trelowan Pre-school accounts for 1st September
2023 to 31" August 2024
Christine Francls
2 June 2025