## **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 2023 to 31st August 2024.** ## 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 7.30am until 6pm. In the 2023/24 financial year, the Preschool also offered a Holiday Club service for four 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 income is a mixture of both funded hours and fees from non-funded care. The Preschool’s highest source of income was for fees from the local authority for children who are eligible for childcare funding amounting to £83,145.23. This source increased by 54% compared to 2022/23. This is partly attributed to the extension of funded childcare provision from April 2024. Fees paid for non-funded care incorporates 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 2022/23, income from fees was 12% lower than the previous financial year. This again is attributable to the introduction of extended funding for childcare from April 2024. Overall, 2023/24 showed an increased level of income received by the Preschool in comparison to the previous year, increasing by 28%. ## Our expenditure The largest proportion of expenditure for the Preschool was represented in the staffing costs, particularly staff wages, which made up over 65% of expenditure (78% including on costs), which is a lower proportion than the previous year. There was a 28% increase in staff wage costs between 2022/23 and 2023/24, this was as a result of the setting requiring more staff hours to meet the needs of additional children, due to staff receiving an increase in their hourly rates from April 2024 to accommodate the increase in the national living wage and a proportionate differential increase between roles with increased level of responsibility. There was also a period of approximately three months where the Preschool required the short term provision of agency staff whilst the team recruited to vacancies. The next largest proportion of expenditure was relating to new flooring amounting to £7,933.62. This investment in new flooring throughout the Preschool room makes cleaning much easier and uplifts the feel of the Preschool. Alongside this, the Preschool made further investment in IT with additional equipment, including a laptop and tablet devices for taking photos and recording daily logs on Tapestry. The third highest expenditure related to the cost of renting the Preschool room at the Stithians Centre. Overall income for 2022/23 was £ 136,377.05 and after expenditure of £ 142,998.36, the Preschool made a £6,621.31 deficit. This was largely due to the investment of reserves in the replacement flooring and IT equipment, but also due to the unplanned usage of agency staff which are more costly than contracted staff. ## Our Trustees The Trustee’s for the financial year of 2022/23 were: Lucy Swindell - Chair Beth O’Sullivan-Goad - Secretary Kirsty Hickson - Treasurer Jo Pymer Nichola Halstead; and Linsey Matthews. Kirsty Hickson Treasurer Lucy Swindells Chair ||||||| |---|---|---|---|---|---| |||**2023/24**||**2022/23**|| ||**INCOME**||||| ||Fees|£ 48,177.29||£ 54,293.62|| ||Holiday Club|£ -||£0.00|| ||CC Funding|£ 83,145.233||£ 47,993.56|| ||Fundraising and grants|£ 30.55||£ 229.80|| ||College Bursary|£ 684.00||-|| ||TSCMC Donation Towards||||| ||Flooring Costs|£ 3966.81||-|| ||DWP Resource Management|£ 304.80||-|| ||Interest|£ 68.29||£ 35.91|| ||Savings Interest Received|0.08||£0.00|| ||TOTAL INCOME|**£ 136,377.05**||**£ 102,552.89**|| ||**EXPENDITURE**||||| ||||||| ||Staff Salaries|£ 93,022.55||£ 72,523.61|| ||PAYE / NI|£ 13,742.13||£ 3,110.37|| ||Pension|£ 4,065.35||£ 3,816.64|| ||Professional fees|£ 900.85||£ 123.00|| ||Ofsted|£ 50.00||£ 50.00|| ||Recruitment|£0.00||£ 7.67|| ||Rent|£ 6,305.00||£ 4,950.00|| ||Utilities|£ 55.00||£ 510.00|| ||Insurance|£ 916.30||£ 1,261.17|| ||Health and safety|£ 1,455.36||£ 358.62|| ||Meals / Snacks|£ 1,852.42||£ 959.27|| ||Equipment / resources|£ 3,981.43||£ 5,164.35|| ||Repairs / Renewals|£ 1,155.8||£ 872.40|| ||New Flooring|£ 7,933.62||-|| ||IT/ stationary Costs|£ 1,687.84||£ 1,529.91|| ||Postage|£0.00||£0.00|| ||Training (Costs)|£ 1,213.72||£ 522.00|| ||Fundraising Costs|£0.00||£ 226.03|| ||Other staff costs|£ 1,137.211||£ 1,713.01|| ||Marketing|£ 24.00||£ 1,289.07|| ||||||| ||||||| |---|---|---|---|---|---| ||Contingency Fund|£0.00||£0.00|| ||Neurobox|£ 1,443.60|||| ||Office Equipment|£ 2,574.16|||| ||TOTAL EXPENSES|**£ 142,998.36**||**£ 98,987.12**|| ||||||| ||**SURPLUS/DEFICIT**|**-£6,621.31**||**£3,565.77**|| ||OPENING BALANCE|**£35,584.52**||**£32,018.75**|| ||CLOSING BALANCE|**£28,963.13**||**£35,584.52**|| ||||||| SIlIHI￿SPl￿H(￿)LAECCxjNlSID 31ST￿JGUsT2(r2I 2024 RECEIPTS Fees Fundrai￿n8 And Grants CC Fundin8 College Bursarv T5CMC Donarion Tovffjrds Flooriryq Cosis DWP Resource Management Bank Intere 5t Savin8s Interest Received 48177.29 30.55 83145.23 68QOO 3966.81 304.80 68.29 o.os J36377.C6 PAYMENTS Staff Salaries PAYEINI 93022.55 13742.13 4065.35 900.85 50 Pansicn Profas&onol foos Ofst• R8cruilm8nt Ronl Utiliti•s Insurance HOa￿h and Safoty Meals I Snacks Equipment l Resourc8S Rapairs l Ron6wals Now Flooring IT l &ationary Costs P05tago Training (Costs) Fundraising Costs Staff Costs Markéting Conling8ncy Fund Naurobox Offico EquipmMt 6305 55 916.3 1455.36 1852.42 3981.43 11￿.8 7933.62 1687.84 1213.72 1137.21 24(KJ 1443.60 257416 14293&36 Suiplu¥lD efecit for Year -6621.31 Surplus brouqhl f￿4Vard as al 1 sl Sepknit Addness.'Surplus/Deficll For The Year Surplus carrled forward as al 31 sl AuoJst 3558S83 35625.83 -6621.31 29CIJ4.52 Repiesented By.. Current A(Lount C.0. l. F. Charlles Deposll Fund 28950.13 1.39 Cash In Hand Totsl MMetary Assefrl As At 31 sl August Diff 40.00 28991.52 13 nlE mlner C L f4rt)r 161h JJneZY25 # Independent examiner's report on the accounts ~~ee~~ Section A Independent Examiner’s Report **Report to the trustees/** Charity Name STITHIANS PRE-SCHOOL **members of On accounts for the year** 31[ST] AUGUST 2024 **Charity no** 1032443 **ended (if any) Set out on pages** 1 and 2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] August 2024. **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Date: 16 [th] June 2025
Signed:
—
Name: C L Morgan
Relevant professional FMAAT
qualification(s) or body
(if any):
OO
Address: East Lynne, Mithian Downs, St Agnes. TR5 0PY
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Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32,
Independent examination of charity accounts: directions and guidance for
examiners).
**----- End of picture text -----**
**Give here brief details of any items that the examiner wishes to disclose** .