BECKLEY PRESCHOOL ANNUAL REPORT AND ACCOUNTS for the yoaf end 31 August 2024
2 Tnee¥ Ann1 Rewwt
BECKLEY PRESCHOOL (Regiered Chority M) 1035670) ANNUAL REPORT for the year eded 31" August 2024 The Committee of 8eckly Preschool pruent their report and fimncial stotements for the year ended 31" Augjst 2024. l and AdminisPrntive TRUSTEES l)Appointment of Trustees As set out in the Constitution the TreeS (Committee) are elected (vwKh21ty by the Committee at the AN¥Jal Cxnernl Meetin9 with to 2 bebrg ctropted ty the Committee rf necessary. The charity is governed by a C¢)mmittee of ot least 6 elected officers. The Committee is authorised to appoint new Trustees to fill vocan¢ies (wisiry throWI resigr¥ition ¢r death of on existiNJ rnem. 2) tnduction and Traini i Trustees are provided with inforntIon on the Structt. business pl¢fft ld recent financial perforffwice of the CF4Jrity ¢md are emcour(¥Jed to congjlt with the Off icer$ to tacilitate the dertakirVj of thr role. 3) Orwisation The Committee (of Tntstees) are respMsible for the day-to-day nkywement of the tharity. The Committee regubrty review the operntiornl risks which the Charity faces tYKI are satisfied that the systems Current in place ore suff icient to ernble such risks to be minimised. The Committee meet 6 times per year (once each school tem) Committee of Trustees with effect from I" September 2023 are: Stephanie BLoOMFIELD-c1rperSOn Jill BRAIN-Wice Choir Holly FINTAN-TreasLrer m CHAPMAN-Secretory Jo ENTWISTLE-Parent Rep James BLOOMFIELD- Poremt Rep All other parentS/gwrd1 will automatically become'Friends of 8¢cklry Presch)or when they re9iSter the5r children (md ore welc¢)me to attend the cMittee meetiw. OTHER INFORMA TION Bursar . Jill BRAIN awity Address: 8ecklry Villa9e Centre. Main Street. 8eckley. TN316PL hknin Banker: twest plc. Rye 0Ch Independent Examiner: Mary HOWSE. The 8ortletts, Main Street. Beckley. E.Sussex Gt ectives Imd Activities The Association is governed ty a Constitution. last omended in Sq)tember 2014. The ¢>bjeet of the Association is the odncerne1rt of education for children below compulsory sthool age in Becklw Wilhge Centre <VKI to this ffid they provtde a Preschool ¢MyiEable to oll children and pwents in the tchment are A hievements and P ormonce Folkiwing the 50" Birthday ceIebrntiu in the summer of 2023 we were very fortwte to enlist the help of StePhte Bloomfield. a retired teacher (d 6raFMlparent of one of the Preschool thildren, who Iweed to become ow nt* Chairperson in September 2023. OrntiOn
As often happens we lost the help of BrIY Mason ond Lisa Parker from the Committee a8 their children moved onto school and we thonk them for all their past help.. RecnJitiThJ new Committee members continues to be a difficulty. The Preschool however has continued to thrive (mder the Leadership of Edrn LYrd in Janwry 2024 EdwiThJ honded in her notice due to family cirCumst<Ces. However she was keen to keep in ¢onta¢t with the Preschool <VKI it V4as (we¢d that she would be kept on as Bank Staff. We ther¢for¢ advertised for a new Marw to stort in April 2024 after interviewing several appliconts we oppointed Katie Appleton. o 8eckley resident who has several with children Althou9h Kqtie had wre of on Administrotive back9fo1 but it was decided with the ort of Sarah Wyatt as Deputy the stroFvJ staff team of Lisa Bakv, Louise Mills Edwim she would be a strorwj addition to the team. Since starting in Ayil 2024 she Iw proved herself more tlmxn capable of M(witYJ the 9roup tjnd hos taken on severnl of the administrative tosks the Preschool continues to thrive. With &]rah as SEN leod the Preschool hos also be9 to 1n a ryutotion for outstanding SEN prnwsion. However this has also led to diff iculties in rewd to safegrdly9 in a Wil Hall and the Conmittee are lookiThJ into puttir¥J o purpose made buildiry on the PriThry school site in Beckley. Fimncial Review Accounts are audited once a yeor to shry the sitLh3tion for thot yeor QKI the overall deficit/$urplus. The Constitution authorises the Trustees to nwke ld hold investments usiw the ge4Krnl fsyKl$ of the Charity. The Trustees. reswd to the cashf low reqUiren$ of the Charity. keep avoiloble fdS in interest beoriry accowrt$. FWKI Raisiry h(LS once (Win provided much needed extrn f(mds for the Preschool with the Christmos Foir 9ewatiNJ the *)¢rIty of the incomL Once a1 cashflow wos o ftJ0r concmi for this re0st the Vill¥ Hall (mce again deferred payment of the rnthty rent. However they hove indicated that they expect the comirvj years rent to be paid <md this yeors arrear$ to be paid off by ¢xtra mwthty FKrlnts. e Pkns Once a9]in it is impOrtt to try cnd increase child numbers- not ew whem the cost of housiry in Beckley makes it diff icult to attract YO families. However th¢re is a strory staff team in place and all ore intent ejwiry the Preschool thrives. The main focus t< the coming year will be to sec¢ d move to own buildiry. We alre4Y hove Ceived $POrt from Beckley Porish CowKil and the 8eckley (VMI other avenues of s4iport will be continlty explored. This report ¥KS ¢¥prov¢d by the Trustees sId M their beholl: stephanie Bloomfield Chairperson
I reFQrt on the unaudited acctyJnts of the clrIty for Ihe y*r ended 31 AugLtst 2Lr24 set out on pages 5 9 It is my re6wsiknIty ID.. . exanwne the acccrtHts lurthr8•#kn 145 clthe2011 A under s•dth 145(5Xb} ofthe2011 Art requirements ofthe 2011 fv Mary Hry+e The Bartlets Rye East Sussex TN316RR 3.2.2025
STATEMENT OF FINANCIAL ACTivmES trth• y•4r •ndod 31 Augu8t 2024 2023 Funds Fund Fund• In¢omlng R••ou Donations & grnnts Charitable Activit Fund- raising 37150 14402 2426 100 37250 45777 14402 15868 2428 2770 13 53978 100 54078 64415 Raising funds 227 227 60903 776 57551 11J) 13 100 61130 58327 -7052 Balance at 1 S•ptemr 2023 BaRanc¢ at 31 Augu8t 2024 7831 1779 14331 7279 8243 14331 CoTrtlnulng 0ra The Statement of Financial kts¥il*s aw gal and losses recognised in the yw.
Curr•nt Ass•ts: Cash at Bank and n h*d 11 10.471 15. 220 10.471 15.816 L•s8 Curr•nt Li•bHiti•s: 10 3.192 N•t Cuff General Fund 7.279 14,331 Fund• 1.779 7,831 14.331 and sbanj on th'r belAf. b. Chairpe(s(
Not08 to the Aecounts for th• yw •nd•d 31 August 2024
l Bash of pr•paratlon of a¢counl8
Rel[n9 by ChareS. Statement of RecOmnn pr ble to
Standards for Smaller EntrtS
Notss to th• Pcounts for th• y•ar end•d 31 Augu•t 2024 The finanual statements have been wepared #i XCOrdan A(wuntlng and ReFrfJts'ng by Charilies: Statement of Re¢CMended PrnCl1 appIable lo charittes preparing their &count in a(Ord ith the Financial Rewti Slandards for Smaller Entitles (efftrWe January 2015). Assets and liabilities are iniiialty recognised at h5Storical cost or transaikn vahR unl86s otheN stated in the rekvant arUnt polry note. 2 Accounting Pollcl¢8 2.1 Tanglble fixod as80ts lor th• charty and dopr•clatS¢>n No value has pkced rm assets held for the fvncliwl use of the Charity. Items of equipment are vffitten off in the )par ot purclAses. The Tee$ consthr that litue re5Ual value attaches to Ihem. 22 In¢offl• rocognltlon polkl•8 Items of income afe recognised and Iad in Il Unts wt1 all of the following crikria are met . The charity have enbtEanent to the funds . any perfom)ance conditions attached to the item<s) of have been met or are fulty wrthin the control of the drIty. . the is 8uffiaent ¢ertaN)ty that receipt of the hKome 18 Consi wobable . the amount can be measure relwbty 2.3 Intore•t ro¢olvabl• Interest on funds hetd on deposrt is indUdj Wh roiable and Ihe anUnt can be measured reliabty by the charity, this is nOnrÉat upon notificakn of the interest paid or payth by the bank or buikling so•. 2.4 Fund ac¢ounling Unrestrrcted funts are availabk to spend on ¥tpiibes that fiwther of the purposes of the chanty a partlar wrpK)se 16 Expendltyr• and IrrKov•rablo VAT Expendrture is recogniJ once thero is a or construcbye OatiOn to make a payment to a third party, it is probabty that Settle ryll be required d the ami)unt of the obhgation Can be measured rewty. IrreLx)verable VAT 18 charged as a cost against the xb¥ity for which the extThliture was inowred. 2.6 Support co•ts SupEth costs are those funct¥)ns that assist the of the charty but do rK 2.7 D•btorn any trade discount offered. Prepaynwts are valued at the amount prepaid. 2A Ca8h at bank and In hand Cash at bank and cash in hand in(ath cash and short tem hhlY liqu•J investrnents *ith a short maturity of one or less frcrtn thè date of acqulsition or 0[1n9 of the deposrt. or similar &(wnt 2.9 Croditorn Creditors are reLY)gn vthere the charity has present obl Ro•trkt•d frorn a past event that wll probabty tesuli tn the transfer of funds to a third paty and the amount due to sethe oNigatson can be measured or estimated
2023 11 Ca•h at Bank & In hand 3,049 3.496 Cash in Hand 122 10.471 236 15,5 12 T•x•tloft 2023 1C 8103 14.287 13S 14.267 135 15.867 Toddter Group F Grants Clothin9 Fun&rnising 47 37,677 154 2.770 2.426 100 54,078 64.415 FurTrd-raising charitab u>sts: Wages 227 227 51.993 51.993 3.959 438 52.285 1,418 EquipnI Toy5 arnl ciats 473 329 120 436 243 785 53 243 785 Mllk and dorr Messy orthrs Toddler expen$8s Fiekl arrfl Garden Trip and pardes Clothing OFSTED regislratwjn Insurance Trainsng ministration costs Sundriy exp8nses Support cosi8 213 207 210 ILN) 313 207 210 376 236 754 754 394 720 165 411 81 81 105 105 105 60.030 4,052 7,831 100 61,130 -7,052 14.331 7.279 58.327 N•t (d•fthy8ufplu• for y••r Balanc• of fund8 1.9.23 B•l•n¢e of fund• 31J24 8,243 14.331