2023-08-31-accounts

Trustees’ Annual Report for the period

From 1st September 2022 To

31st August 2023

Charity name: Long Buckby Preschool

Charity registration number: 1033171

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: (a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability; (b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; (c) instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	school Learning Alliance. The charity employs a staff of as many as eight practitioners (depending on number of students enrolled) including a manager and deputy manager. Renting a room from the local Baptist church, we provide preschool education and childcare for two to five year olds during weekdays and school term-time, Monday to Friday, 9am-3pm.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Our trustees have complied with their duty to have due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Over the 2022-2023 academic year, Long Buckby Preschool continued to provide high-quality and safe preschool education and childcare to residents of Long Buckby village and the surrounding area. We were also able to provide support for children with special educational needs to participate in preschool activities.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41

	Performance of fundraising	Para 1.41
	activities against objectives
	set
	Investment performance	Para 1.41
	against objectives
	Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The position at the end of this period is viable, with sufficient funds to cover operating expenses.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We hold savings to indemnify trustees in the event of the charity acquiring large financial liabilities, as we are unincorporated at this time, and to cover operational costs in the event of a significant reduction in income.
Amount of reserves held	Para 1.22	£59,534
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The principal risk to the charity is if enrollment numbers decline, reducing our income from fees and local government childcare funding. However enrollment numbers remained healthy throughout this period.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Our funding sources include: collecting fees from parents* receive funding from local government as part of parent’s entitlement to free childcare for 2 and 3 year olds additional funding via the pupil premium for children from lower income households additional funding from local* government for children with special educational needs fundraising activities*
Investment policy and objectives including any social investment policy adopted	Para 1.46	The charity does not maintain investments, beyond holding its reserves in an instant access savings account.
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution, as drafted by the Early Years Alliance
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are elected annually at an Annual General Meeting by members of the charity, or else co-opted by the committee of trustees.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	Trustees have enhanced CRB checks and EY2 checks for eligibility with Ofsted.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity has membership of and is advised by the Early Years Alliance.
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Long Buckby Pre-school
Other name the charity uses	Long Buckby Preschool
Registered charity number	1033171
Charity’s principal address	Long Buckby Preschool Market Square Long Buckby Northants NN6 7RR

	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity
			Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
		1	Sarah O’Shea	Treasurer (06 July 2022 - 18 January 2023)	06 July 2022 - 18 January 2023
		2	Thomas Lawrence	Chair	wholeyear
		3	Lianne Schofield	Secretary (07 Feb 2023 - 29 June 2023)	06 July 2022 - 29 June 2023
		4	WendyMorrison		wholeyear
		5	Mickalla Maxwell		06 July 2022 - 08 September 2022
		6	Michael O’Neil	Secretary (06 July 2022 - 16 September 2022)	06 July 2022 - 16 September 2022
		7	Lynda Allibone		06 July 2022 - 28 September 2022
		8	Jente Thornton		06 July 2022 - 02 December 2022
		9	Natalie Sheldon	Secretary (16 September 2022 - 23 January2023)	06 July 2022 - 23 January 2023
		10	Stacey Shirley	Treasurer (07 Feb 2023 - 29 June 2023)	06 July 2022 - 29 June 2023
		11	Dawn Willetts		06 July 2022 - 29 June 2023
		12	Natasha Davies		06 July 2022 - 29 June 2023
		13	Lucy Macleod	Treasurer (29 June 2023 onwards)	29 June 2023 onwards
		14	Theresa O’Shea		29 June 2023 onwards
		15	Samantha Waters	Secretary (29 June 2023 onwards)	29 June 2023 onwards

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Additional information (optional)	Additional information (optional)	Additional information (optional)	Additional information (optional)	Additional information (optional)
Names and addresses of advisers (Optional information)
	Type of adviser	Name	Address
	Bookkeeper	Rhoda Thomas	6 Watts Way, Long Buckby, Northampton NN6 7QX
	Name of chief executive or names of senior staff members (Optional information)
	Lucy Macleod

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

		Signature(s)	Signature(s)
~~a~~ ~~ep~~	~~a~~ ~~ep~~	~~a~~ ~~ep~~						~~a~~
~~ep~~	~~ep~~ ~~Se~~	Full name(s) ~~ep~~ ~~Se~~		Thomas Lawrence		Stacey Shirley
~~ep~~	~~ep~~ ~~Se~~	~~ep~~ ~~Se~~
Position (eg Secretary, Chair, etc) ~~ep~~ ~~Se~~			Chair		Treasurer
~~pO~~ ~~es~~ ~~ee~~
~~es~~	Date ~~es~~		29/06/2023 ~~ee~~

Profit and Loss

Long Buckby Pre School For the year ended 31 August 2023

Profit and Loss Long Buckby Pre School For the year ended 31 August 2023
	2023
Turnover
Council funding payment	81,351.37
Interest Income	1,584.66
Total Turnover	82,936.03
Cost of Sales
Direct Expenses	665.06
Direct Wages	38,949.88
Physically Active	791.26
Resources	401.90
Total Cost of Sales	40,808.10
Gross Profit	42,127.93
Administrative Costs
Audit & Accountancy fees	308.00
Charitable and Political Donations	(77.78)
Cleaning	593.45
Committee fundraising costs	81.91
Employers National Insurance	(289.80)
ESPO	526.55
General Expenses	282.97
Interest Paid	(100.37)
IT Software and Consumables	3,388.80
Pensions Costs	1,380.29
Printing & Stationery	22.90
Rent	3,597.75
Repairs & Maintenance	50.00
Salaries	37,813.64
Staff Training	542.00
Staff uniforms	97.54
Subscriptions	899.20
Telephone & Internet	1,241.22
Trip costs	25.00
Total Administrative Costs	50,383.27
Operating Profit	(8,255.34)
Other Income
Committee fundraising income	42.00
Donations	123.71
Parents Fees and additional costs	16,337.26

Profit and Loss Long Buckby Pre School

17 Jul 2024 Page 1 of 2

Profit and Loss

	2023
PETTYCASH	24.60
Total Other Income	16,527.57
Profit on Ordinary Activities Before Taxation	8,272.23
Profit after Taxation	8,272.23

Profit and Loss Long Buckby Pre School

17 Jul 2024 Page 2 of 2

Jo Watson Vandyplank House 9 High Street Long Buckby Northants, NN6 RE

Mrs Rhoda Thomas Long Buckby Preschool Market Square Long Buckby Northants NN6 7RR

29[th] July 2024

Dear Rhoda,

I can confirm that no matters have come to my attention in connection with the examination of the paperwork supplied, which gives me cause to believe that, in any material respect, the accounting records were not kept in accordance with section 130 of the Charities Act.

Kind regards,

Jo Watson