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2023-07-31-accounts

~~Se~~ Trustees Annual Report 1 Aug 2022-31 Jul 2023-31 Jul 202331 Jul 2023

Trustees Annual Report 1 Aug 2022-31 Jul 2023-31 Jul 202331 Jul 2023

Reference and administraton details

Name of Charity Heckington Preschool
Registration number 1035549
Address Heckington Preschool,
Howell Road,
Heckington,
Sleaford
NG34 9RX
Names and roles of Trustees who manage the charity
Kim McMillan Chair
Steven Green Treasurer
Andrew Howgate Secretary
Susan Green Setting Manager
Cheryl Sear Committee member
Sarah Drayton Committee member

Structure, Governance and Management

Type of governing document: Constitution, adopted 13[th] September 2019 How the charity is constituted: Unincorporated association

Trustee selection methods:

Trustees are appointed or reappointed annually at the Annual General Meeting, up to three further members can be co-opted throughout the year as required. The Committee shall be made up of a minimum number of and 4 and maximum number of 12 members.

Additional governance information:

Membership of the management committee is open to those who are over 16 years of age and are qualified according to the Charities Acts. The trustees are responsible for the overall management of the preschool and are also charity trustees of the preschool. There is a child protection policy in place, all trustees must undergo a DBS check and complete an EY2 form prior to commencement of Trusteeship. All trustees give their time voluntarily and received no remuneration or other benefits.

Objectves and Actvites

Heckington Preschool is an Ofsted rated ‘Good’ setting with a catchment area extending beyond the local villages towards the towns of Sleaford and Boston. We are a ‘High-Scope’ setting where active learning and independence are promoted.

Our aim is to ensure all our children can thrive during and after the transition to school, being resilient, confident and independent individuals.

The following objectives all contribute to achieving this aim.

Achievements and Performance

Firstly, we must thank all who help and volunteer on our committee, who not only manage the preschool, but they also provide much needed mentoring and support to the full time staff. We must mention the difficulty in recruiting Committee members in this time pressured world and are particularly please that despite losing several long-term Committee members we recruited a new Chair and Secretary.

Autumn

The chair and treasurer continued negotiations for lease renewal with Lincoln County Council (LCC). A member of staff moved on with the remaining staff picking up the hours.

The term concluded with a festive songs and raffle afternoon attended by parents and carers with mince pies, tea and coffee. The children sang their heart out and with generous donations to the raffle.

Spring

Child numbers rose during this term providing much needed income. The children were out and about looking at spring flowers and planted our own carrots and spinach.

Summer

In May we held our AGM where we gained two new trustees to our committee. We set up a new school library for parents and children alike.

The staff continued to take the children out into the community with visits to the park, examining the wildflowers and exploring. In June we held our fun day and tombola for parents/carers and children.

The term concluded with our entry into the Heckington Show where the children’s artwork came a worthy second.

Fundraising

We have concluded that two quality events per year, based around the children presenting to their family and carers fits better amongst the fundraising heartbeat of our community. This year, we held a festive songs afternoon where we raised £265 and the fun day where we raised £355.

Financial review

Our main income stream is from Early Years Entitlement Funding, we also benefit from additional Pupil Premium and Inclusion Funding for specific individuals. Our main financial outgoings are staff wages, utilities and maintenance costs. Our biggest risks are our dwindling reserve funds that have been supporting our substantial increases in costs and wages against insufficient funding levels. Other risks include unpaid fees from parents and staff illness.

Signed on behalf of the Charity’s Trustees;

Signature Steven Green (Electronic Signature)

Full Name Steven Green Position Treasurer Date 08/09/2023

Heckington Preschool

Balance Sheet as at 31 July 2023

Current Assets
Current Account
Deposit Account
Petty Cash
Debtors
Represented by
Unrestricted fund
2023
2022
£
£
2,972
3,287
8,882
12,041
652
83
-
431
12,506
15,842
12,506
15,842

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Heckington Preschool

Staement of Financial Activities for the Year Ended 31 July 2023

2023 2022
£ £
Incoming Resources
Donations - 51
Additional Voluntary Income 881 616
881 667
Activities for Generating Funds
Incoming from Parents 8,109 16,671
Income from Local Authority 60,149 45,048
Fundraising Income 620 -
Government Job Retention Scheme - -
Other Income - 4
68,878 61,723
Investement Income
Bank Interest Received 41 4
69,800 62,394
Resources Expended
Preschool Running Costs 72,705 81,424
(Defcit)/Surplus for Year 2,905 19,030
Unrestricted Fund Balance at 1 Aug 22 15,411 34,872
(£431 debt paid)
Total Unrestricted Funds 12,506 15,842

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Heckington Preschool

Resources Expended to 31 July 2023

2023 2022
£ £
Employee Wages and Salaries 59,514.98 67,510
PAYE to HMRC 4,259
Employer Pension 2,084.59
Water Rates 139.51 150
Electricity 1,602.21 1,554
Gas & Oil 0.94
TeachingResources 19.93 586
Entertainment 21.1 63
Printing 269.88 466
Ofce Stationery 47.81
Telephone 541.68 635
Internet Charges 197.75
Computer & Software 294.48
AccountancyFees 420 825
Consultancy& Professional Fees 125
Business Insurance 797.55
Repairs and Maintenance 860.52 3,744
Rent 750
Cleaning& Hygiene 411.99 645
Clothing 4
Subscriptions 59.59
Refreshments 5.83
Snack 251.91
Support Grant Vouchers 775 1,305
Purchases 1,386
Training 1,198
Equipment 569
Travel Expenses 23
FundraisingExpenses 15
72,705 81,424

N.B. Move to a more detailed chart of accounts for fidelity

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