## **Stithians Preschool and B4 & L8 Club Annual Accounts** These are the Annual Accounts for Stithians Preschool and B4 & L8 Club (Registered charity 1032443) operating from registered address The Stithians Centre, Church Road, Stithians, Truro, Cornwall, TR3 7DH. This set of Annual Accounts relates to the financial reporting period of 1st September 2020 to 31st August 2021. ## About Stithians Preschool and B4 & L8 Club The Stithians Preschool and B4 & L8 club offers Ofsted registered child care for children between the ages of two and 11 from their setting within The Stithians Centre in the village of Stithians, Cornwall. The Preschool is a significant source of wrap-around care for children in attendance at Stithians CP School, located next door. The Preschool is open Monday to Friday during term-time between 8am until 6pm. In the 2020/21 financial year, the Preschool also offered a Holiday Club service for a few weeks of the School Summer Holidays. ## Our aims The aims of the Preschool are to enhance the development and education of children primarily under statutory school age. There is a strong ethos within the Preschool to provide inclusive support to parents, and their children, regardless of race, culture, religion, means or ability. This includes promoting the Preschool and its activities within the local community, in working closely with other local services and seeking to raise funds for the improvement of the facilities and opportunities made available to children and families using the Preschool. ## Our income The Preschool receives income from the local authority for children who are eligible for childcare funding. This represented the majority of income. Income from this source was slightly lower in 2020/21 than compared to the previous year. Alongside these fees, the Preschool’s second highest source of income was from fees paid directly for services. This was payment for services such as: B4 and L8 Club attendance for children attending school; children who are not eligible for childcare funding; or for hours over and above those childcare funding will cover. In 2020/21 income from fees was 1.8 times higher than the previous financial year. The 2020/21 financial year was the first full year in which we had been living with Covid-19. The impact on the service can mainly be seen in the absence of income as a result of fundraising. Multiple lockdowns and restrictions on activity made it difficult to undertake fundraising activities. The Preschool was, however successful in securing £10,000 of grand income which was used to purchase new resources for the children. Overall, 2020/21 showed an increased level of income received by the Preschool in comparison to the previous year, despite operating in the challenges presented by Covid-19. ## Our expenditure The largest proportion of expenditure for the Preschool was represented in the staffing costs, particularly staff wages, which made up over 70% of expenditure. There was little change in the staff wages between the 2020/21 and 2019/20 financial years. The next largest proportion of expenditure was relating to equipment for the Preschool. This was made possible as a result of securing the grant mentioned in ‘Our income’. The third highest expenditure related to the cost of renting the Preschool room at the Stithians Centre. During this period a new Memorandum of Understanding was signed by The Stithians Centre Committee and the Preschool Committee. Overall income for 2020/21 was £92,568.53 and after expenditure of £79,911.84, the Preschool made a £12,656.69 surplus. This was approximately £10,000 more than the previous year. ## Our Trustees The Trustee’s for the financial year of 2020/21 were: Charlotte Rollason - Co-Chair Fiona Worlledge - Co-Chair Tessa Cobb Victoria Spooner - Treasurer Hannah Cox; and Linsey Matthews. At the end of the financial year 2020/21, all Committee member bar Linsey Matthews resigned, making way for new Committee members who took their positions from the beginning of the 2021/22 financial year. As a result of this, the new Treasurer, Kirsty Hickson, prepared this report. This report accompanies the accounts which were prepared and submitted for auditing by Victoria Spooner. 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