2021-03-31-accounts

ST NICHOLAS PRESCHOOL TRUSTEES ANNUAL REPORT 2020-2021

NORTH END BOWLING CLUB BERESFORD ROAD PORTSMOUTH PO2 0NG CHARITY NUMBER 1034853

TRUSTEES

Debbie Goodyear Chairperson Carly McNeil Committee member Jane Skinner Treasurer Voted on at 2020 AGM Nadira Akhtar Secretary Voted on at 2020 AGM Sophie White Committee Member Voted on at 2020 AGM Helen Doody Treasurer Stood down at AGM 02.12.2020 Michelle White Secretary Stood down at AGM 02.12.2020 Rebecca Hatton Committee Member Stood down at AGM 02.12.2020 Katie Harland Committee Member Stood down at AGM 02.12.2020

The trustees of St Nicholas preschool present their annual report and audited accounts for the year ended 31[st] March 2021 and confirm they comply with the requirements of the Charities Act 2011, the trust deed and the Charities SORP (FRS 102).

The preschool has been established since 1962 and has provided childcare for 2-3 generations of families within the community. We have also had long standing staff that have provided continuity throughout the years. Our OFSTED inspections have been rated Good.

ST NICHOLAS PRESCHOOL AIMS

The aim of our preschool is to provide a safe and welcoming environment for two, three and four year old children to learn and thrive in using the Early Years Foundation Stage to support children’s learning through play and to prepare the children for starting school.

As an OFSTED registered early years provider, we follow the Early Years Foundation Stage to provide learning development and care to the children who attend our setting.

Children are taught through games and play.

ST NICHOLAS PRESCHOOL OBJECTIVES

Our objectives for the year:

• To continue developing the individual learning areas within the learning environment.

• To provide support to our children receiving EYPP, SEND and 2 Year Old

• funding

• To promote and market the preschool to increase the number of children attending the setting

• Continue preparing for our OFSTED visit and streamline administrative procedures

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

Early 2020 when the first lockdown happened the preschool was closed due to Covid -19 it then reopened June 2020 so that keyworker children could attend. September 2020 saw the preschool being open for all children to attend. The preschool navigated it way through producing policies/procedures for keeping the children, staff, and parents safe, furlough, grants and keeping up with all Government guidelines.

2 members of staff were Furloughed from March 2020 until August 2020.

Due to the pandemic our fundraising ceased, and a very low-key party was held for the school leavers.

Our intake numbers for the 2020-21 period gradually increased in the year to 39 children on the role.

Invoicing was moved inhouse from the autumn term (September 2019) and it has been successful with the preschool fees now being paid online.

Staffing

St Nicholas Preschool employ 9 members of staff, one supervisor responsible for the day-to-day running of the preschool, one deputy supervisor, one administrator, 6 permanent preschool assistants.

2 staff DBS checks and 3 committee member checks were carried out within this period.

Fees

Our preschool fees for 2020-21 is £5 per hour, £15 per session, £30 per day for 2 year olds and £4 per hour, £12 per sessions, £24 per days for 3 and 4 year olds.

Our main income is from

Income from funding (Nursery Education Grant from our Local Authority) during 2020-2021 £83834.80

Income from paying children fees during 2020-2021 £5216.30

FUTURE PLANS

We will continue to promote the preschool to bring new children into the setting, it is important for 2 year old’s to join us as they remain with us for a number of years before heading to big school, which provides assurance of funds for the forthcoming years.

Our preschool will continue to provide education and support to all our families.

We recruit Trustees by canvassing parents by speaking to them directly and by sending regular newsletters and email drops to inform our families what role the committee play in the running of St Nicholas Preschool and asking for new member to join.

We hold our annual general meeting during the first term of the new academic year (September – December).

FINANCIAL REVIEW

The preschool is not in debt to anyone. The preschool has two bank accounts which are:

A current account used for outgoings such as staff wages, insurances, general day to day expenses, pension payments, bookkeeping, training, rent etc A fundraising account where monies raised from fundraising activities and events are paid into. This is spent on resources, toy’s and equipment for the preschool.

The financial year Apr 2020 – Mar 2021 was an unusual year as we experienced the Covid19 pandemic.

We went into lockdown at the beginning of this financial period until June 2020 when we reopened for a small number of keyworker children. As the year progressed more children returned to preschool.

During this time the impact on the preschool finances were minimised by the Local Authority honouring the funding which meant that although we closed and then only had keyworker children attending, we were given the funding for the number of children on our books whether they attended or not, this meant we were able to continue paying our staff their full salary.

The preschool experienced the loss of fees from our paying children. We were able to counteract this by furloughing 2 members of staff.

Our annual accounts have provided us with a profit of £199.63, which we are very pleased with considering the pandemic and after the loss we suffered in 2019-2020

Our income during this period was £89,346.53 Our expenditure during this period was £89,146.90

Our biggest expenditure continues to be staff wages however our preschool assistants and administrator are on the minimum wage with only the deputy supervisor and supervisor on a slightly higher rate.

At the end of the 2020/21 financial period, we had £101,053.62 in the main preschool account and £401.08 in the fundraising account.

Our preschool resources are purchased from our fundraising account so it is really important that our families get involved with any fundraising events to help us raise money so we can purchase resources for the children to use and enjoy. We are hoping that over the coming months the Covid restrictions will lessen and allow us to bring back our fun day and bigger fundraising events to help us add to the fundraising funds.

Over the coming year we plan to lengthen the financial year for the 2021-2022 period, so the preschool accounts will then run, in line with the academic year. We are expecting a rent review which could mean an increase in rent from Sep 2022.

We have been informed that the Local Authority will be holding a consultation about funding rates in December with any increase expected in April 2021 and again in April 2022.

The minimum wage is also increasing in April 2022 which is going to impact the setting finances.

We will continue to ensure the preschool finances are continually reviewed.

CHARITY COMMISSION FO61 ENGLANO AND WALES St NichoLis Playgroup- also known as Sl Nicholas Pr&khool CHARITY COMMISSION FOR Et4GLANO ANO WAtES Chaiity No 1034853 Annual accounts for the period Per￿ erKJ date Period start date 0110412020 To 3110312021 Section A Statement of financial activities Restricted Income funds Recommended catsgorl6s by activity Unrestricted funds Endowment funds Total funds Prioryear funds Incoming resources (Note 3) F01 F02 F03 F04 F05 Income and endowments from: DDn81ion5 and ￿ga(jeS Char￿ab￿ a￿￿tieS 295 295 390 Fees from childrens parerrts Investments 5.216 5.216 Loc81 aulhwty gran15 Other 83,835 83,835 85,082 Total Resources expended (Nots 6) EXpend1th￿ on.. Staff payrdl Chaiitable act￿tieS 89.346 89,346 98,944 72.983 72,983 87,077 Rent of premises Other Total 9,800 6,363 89.146 9,800 6,363 89,146 10,784 8,891 106,752 Net in¢omellexpenditure} before investrnent gainsl{10sses) 200 200 7,808 Nel galnsll105sesl on Invesknents Net incomel{expenditure Extraordlnary Items Transfers between funds other recognised gainslllosses): 200 200 7,808 tsair￿ and t055es on reVaI￿ti￿ of fixed asse15 farts dwtity5 Other gainslllossesl Net movemont in funds 200 7,808 Reconciliation of funds." Total funds brougm fonyard 79,346 79,346 87,154 Total funds canyed forward 79,546 79,546 79,346

Section B Balance sheet Restiicted income End0wm￿t funds Total thls year Totsl last y¥ar fund5 Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 {Note 151 (Note 14 (Note 16) (Note 17 Total fixed assets 4.600 4.600 4,620 4,600 4,620 Current assets stocks {Note 18 Debtors (Note 19) Investments INote 17.4 Cash at bank and in hand (Nots 24) Total current assets 5,944 719 102.020 107,964 102,020 107,964 74,337 75,056 BI Creditors: amounts falling due within one year (Note 20) 33,018 33,018 330 Net current a$sets/(Ilabilities) B12 74. 74,726 Total assets less cu￿nI liath'lities B13 79,346 Creditors: amounts falling due after one year (Note 20) Provisions for liabilities 814 815 Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Rostri¢ted income funds (Mote 271 Unrestricted funds Revaluation reserve B16 79,546 79,546 79,346 817 B18 B19 79,545 79.545 79,346 Total fun¢ts B21 79,545 79,545 79,346 Signed by one or trustees on behalf of am the trustees Date of approval ddlmmlyyyy 2611012021 Sign￿re Print Name D Goodyear CC17a (Excel) 2611012021

Section C Notes to the accounts Icontl Note 14 Tangible fixed assets Please ¢omplets thls note rfthe charity has anytaftgi7￿ fix8dassots 14.1 Cost tr ￿luatIon Freehold land & tyjildlnys Olher larnl & buildin Plan¢ machinery Fithres. fltb.ngs and equipmorrt Total vehlctes At the beginning of the year Addrtions 7.171 7.979 415 415 Revaluations Disposals Transfers. At end of the year 14.2 Depreciation and Tmpairnw 7.586 8,394 ~BaslB SL SL RB RB RB 25% 25% At beginning of the year 01sposals Depreciatic Impairrnent Transfers" 608 2.751 3,359 435 435 At end of the year 608 3.186 3,794 14.3 Net book value Net book value at the beginning of the year Net book value al the end of the year 2Th) 4,420 4.620 4,6￿) CC17a IEK 2611012021

14A Impairment Th1$ year Pleasepmvlde a description of the ov8nts and clrcumstane•s thatled to the recognilion orreveff￿ of an imwirniwt loss. nla Lastyear." Pleaseprovlde a descrfptlon of the events and clrcumstances thatled to the ￿QgnitIOn Orre¥e￿al of an impalmient 10$5. nla 14.5 ReValua￿On an ae¢ountingpolicy of revaluation is adopted, plea5epn)vide.' Thi$ ar Last ear the name of Indep8ndontvaluw, rfapplleable the method5 appliedandsignificantassumptions th• carrying amouftt that wouldhavè lJe•n rneognis•d hadth• assds boen eanled underthe costmodel. 14.6 Other disclosu This year Last year (l) Please stato the amountof I)0￿0vIng cos& If any. capitallsedln Ihe construction of tanglble fixedassets and the capitslisalNon rate use (iij Please pmvidè th• amount of Contr￿ commilments forthe acwtslllon of tanglble fix•dasse (iiij Details of the existence andcanying amounts of pnwerty. nt and equipment to which thè charftyhas rns1rt￿ lille orthatare pledged as security forllabllldes. . The YransfeTr.roW￿ lormovements beAsen ffxed assel c8teg(Hw. ' Please indicate the melhthy Ofdeprecffatl￿ by deleting Ihe melh￿nOt applicabk (SL= straIghtl￿e,. R8= ￿￿e￿n9 b81ance). Also please intcate the rate of depreciati￿.. forstr8whf line. *atis Ihe an￿pated1rfe of the ￿et (in yèafBJ." fOr￿dUC￿r￿ balance, bvhatAS th&pe￿entage annual deduction. CC17a (Excell 2811012021

Section C Notes to the accounts Icont} Note 19 Debtors and prepayments Please complete thls note rfthe chaiity has any debt0￿ orprepayments. 19.1 Analysis of debtOTS This year Last year Trado debtors 2,652 3,292 719 Prepayrnents and accrued Income Other debtors 719 Total Please complete f 9.2 wh•v a matenal debtorls rncoverable more Ilmn a yearaftor thg ropo￿n9 date. 19.2 Anatysis of debtors recovernble in more than 1 year (included in debtots above) Thi5 year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a (Excell 26110r2021

Section C Notes to the accounts (conti Note 20 Creditors and accruals Please completo thts note rf the chaiyty has any cr8ditt>rs OraCc￿al$. 20.1 Analysis of crgditors Amounts falling due within one year Amounts falllng due after more than one year This year Last year This year Last year Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for ¢ontracts or perfomance•relaled grants cruals and dofgrred incomg 33,018 330 Taxation and soclal security Other credltors Total 20.2 Deferred income Please complete this note rfthe ¢haiity has deferredlneom& This year Last Please explaln the reasons why income Is deferre<l. Alovement in defernod Income account This year Last year Balance at the start of the reporting period Amounts added in current perlod Amounts released to Income from prevlous periods Balance at the end of the reporting period CC17a IEx(%g 2611012021

Section C Notes to the accounts Note 24 Cash at bank and in hand This year Last year Short tsmi cash investments Iless than 3 months maturity date) Short temi deposits Cash at bank and on hand Other Totsl 79,546 74,337 74.337 CC17a {Excel) 2611012021

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of St Nicholas Playgroup- also known as St Nicholas Pre-school On accounts for the year ended 31 March 2021 Charity no Irf any) 1034853 Set out on pages 1to7 I report to the trustees on my examination of the accounts of the above charity {￿he Trust.) for the year ended 3110312021 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 {Ihe Ad.). I report in respect of my examination of the Trust's a¢¢ounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. I have completed my examination. I confim 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 viith section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in order to enable a per understanding of the accounts to be reached. pi dèlete the words in the brackets rfthey do not apply. Signed: Date: 26 October 2021 Name: Ala idby Relevant professional qualification(s) or body Irf any): Fell w of the Association of Intemational Accountants Address: 68 Kensington Road Copnor Portsmouth P02 OJR IER October 2018