Nurture | Encourage | Support | Transition E: admin@redbournpreschool.co.uk | T: 07814 634808
www.redbournpreschool.co.uk
Redbourn Pre-School AGM 2022 Thursday 6[th] October 2022, 7.30pm, The Cricketers
Present: Shirley Hayman, Richard Thomson, Lorraine Hobbs, Caroline Perry, Kelly Corrigan, Bianca Pantea and Joanna Morris
Apologies: Grace Fitzgerald and Kate Graham
1. Safeguarding
There were no incidents to report.
2. Health and safety
There were no incidents to report.
3. Fees increase
-
The Church has put the rent up (as expected with rising energy costs, etc). It was agreed that fees need to increase from January 2023. JM to draft a letter informing parents (current and new joiners), SH to approve. To be sent ASAP
-
New fees will be as follows: Early drop offs remain at £3.50, main session increases from £22 to £23, lunch club increases from £6.50 to £7.50
4. Committee Reports
- SH, RT and LH read out their reports. Each to send their reports via email to JM so she can upload to dropbox
5. Committee Members 2022/23
-
SH, RT and KG have all kindly agreed to continue in their current roles. Proposals were as follows:
-
Shirley Hayman, Committee Chair – proposed by JM, seconded by RT
-
Richard Thomson, Treasurer – proposed by SH, seconded by LH
-
Kate Graham, Secretary and Fundraising – proposed by SH, seconded by CP
6. Pupil numbers
Jan 2023: Mon - 16 Tues - 20 Weds - 22 Thurs - 13 Fri - 9
7. Finances
See Treasurer’s report
Redbourn Methodist Church Hall, North Common, Redbourn. AL3 7BU | Registered Charity. 1031610
Nurture | Encourage | Support | Transition
- E: admin@redbournpreschool.co.uk | T: 07814 634808 www.redbournpreschool.co.uk
8. Fundraising/Committee Members
-
Kate is happy to continue in her role. LH will speak to the new parent who expressed an interest in joining the fundraising committee.
-
We still need more people to join the committee.
-
Ideas are needed for fundraising ideas in the lead up to Christmas. Suggestions so far are a Christmas concert and a Christmas disco
-
SH and JM to discuss the possibility of running a coffee morning at the Church to encourage more parents to join the committee
9. Staffing
-
SH thanked CP for her years of service and wished her the best for the future.
-
At least two new members of staff are needed; JM to begin recruiting process
Redbourn Methodist Church Hall, North Common, Redbourn. AL3 7BU | Registered Charity. 1031610
Nurture | Encourage | Support | Transition E: admin@redbournpreschool.co.uk | T: 07814 634808 www.redbournpreschool.co.uk
RPS Treasurer’s Report – October 2022
Accounts for the year ended 31 July 2022
The accounts for the last academic year have again been audited by Adam Clark, ACA. They will require approval by the Trustees this evening and the Examiner’s Report will subsequently be filed, in the usual way, with the Charity Commission by 31 May 2023.
The accounts show a surplus of £9,136 resulting from several factors: pupil numbers were higher and Herts County Council funding increased accordingly. Costs were carefully controlled given the uncertain economic backdrop. The timing of some invoice payments benefitted the headline ‘profit’ figure to some degree.
Contributions from fundraising activities held up well and I would like to express my thanks to parents and staff for their enthusiasm and commitment.
Staff costs rose to accommodate changes to National Minimum Wage legislation. We always aim to be good employers with appropriate remuneration rates, recognising that we operate in a very competitive marketplace for talented staff.
Fees
The fee structure is under constant review, especially in these difficult times. We have notified parents/carers of a significant forthcoming fee increase due largely to higher rent costs which reflect the huge energy bill increases to the Methodist Church. We do however appreciate that the Methodist Church gives us preferential rates compared with other ‘occasional’ users of their premises.
We believe our fee levels remain very competitive compared with other pre schools in the area.
Challenges
As in previous years, the main challenge faced is to maintain and increase pupil numbers by promoting the school as best we can. We need to successfully balance staffing costs vs. the ability to take on new pupils at relatively short notice.
Managing these Challenges
We have ample funds in reserve, built up over several years. However, we have a difficult year ahead and this is where past prudence is rewarded, with a cushion to stabilise our position.
Some higher costs can be absorbed but complacency must be avoided. Efficient management of the pre school is, as always, a top priority and I am confident that we can weather the current economic storm and continue to provide a first class learning experience for our pupils who, after all, are the reason we do this.
Redbourn Methodist Church Hall, North Common, Redbourn. AL3 7BU | Registered Charity. 1031610
Redbourn Pre-School
Income and Expenditure Account For the year ended 31 July 2022
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 33,342 49,898 2,013 0 10 |
31,750 39,589 1,950 0 3 |
26,060 31,700 639 0 170 |
26,648 35,739 2,835 0 119 |
34,023 36,043 2,212 0 74 |
27,696 35,131 2,871 78 33 |
| 85,262 62,722 250 5,161 6,890 120 564 420 |
73,291 57,593 320 3,917 8,483 105 994 97 |
58,570 47,080 293 3,368 7,678 0 929 200 |
65,341 57,734 344 6,218 6,308 210 889 168 |
72,352 54,568 403 3,677 8,729 0 779 29 |
65,809 47,392 36 1,949 7,203 150 1,031 112 |
| 76,126 | 71,507 | 59,548 | 71,871 | 68,185 | 57,873 |
| 9,136 | 1,784 | (979) | (6,530) | 4,167 | 7,936 |
Balance Sheet As at 31 July 2022
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 10,660 29,899 195 |
1,117 30,389 112 |
1,110 28,636 87 |
10,406 20,317 89 |
17,009 20,197 136 |
29,201 10,123 223 |
| 40,753 | 31,618 | 29,833 | 30,812 | 37,342 | 39,547 (6,372) |
| 40,753 | 31,618 | 29,833 | 30,812.00 | 37,342 | 33,175 |
| 31,618 9,136 |
29,833 1,784 |
30,812 (979) |
37,342 (6,530) |
33,175 4,167 |
25,239 7,936 |
| 40,754 | 31,618 | 29,833 | 30,812.00 | 37,342 | 33,175 |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts
Section A Independent Examinerfs Report Report to the trusteesl members of Redbourn Prethschool On accounts for the year ended 31 July 2022 Charity no {if any) 1031610 Set out on pagos I report to the trustees on my examination of the accounts of the abov8 charity {-Ihe Trust") for the year ended 31 July 2022. Responslbllltles and basis of rèport As the charity's Iruslees, you are responsible for the preparation of th8 accounts in accordan with the requirements of the Charities Act 2011 ("Ihe Act"). I report in respe¢l of my examination of th8 Trust's accounts carried oul 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(5Xb) of the Act. Independent I have completed my examination. I confimi that no material ma118rs have examinerfs statement come lo my attention in connection with the examination which gives me cause lo believe that in any material respect.. the accounting records were not kept in accordanc8 with section 130 of th8 Charities Act., or Ihe accounts did not accord with the ac¢ounting cordS., or the accounts did not comply with the applicable requirements Conrning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems 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 Ihe a¢¢ounts lo be reached. Slgned: Dato: 28 September 2022 Name: Adam Clark Relevant professional qualifiGation(sl or body (if any): ACA Address". Focus 31 West Wing, Cleveland Road, Hemel Hempslead. HP2 7BW IER Oct 2018
Section B Disclosure Only complete if the examiner needs lo highlight material mallers ol concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any Items that the oxaminer wlshes to disclosè. IER Oct 2018