Trustees Report- Year ending 31[st] August 2022
Broadbottom Preschool continues to take pride in offering a warm and family orientated environment, in which children can learn and grow in confidence, and for parents to feel supported.
With the tail end of the epidemic continuing to affect all of us, Preschool has continued to provide a safe and reassuring environment for our children. The children have participated in so many activities that have involved a wide range of interesting topics to help their development and independence. The children worked really hard learning songs for the Nativity and this year’s performance was very well attended. In light of previous lockdowns, having parents able to attend was a very welcome and encouraging step back towards normality!
In 2022, we were are at approximately 80% capacity and ran sessions generally with 3 staff and a manager. This was an increased percentage to last year. However numbers of children for the upcoming year are less, and significant effort needs to be applied to turn the tide. Staff are planning local partnerships to advertise services, and further focus will be required on online information and activity on Facebook and Google platform to capture the modern “passing trade”. Extension of service may be considered to support parents that have now returned to prepandemic working arrangements.
Preschool is proud to support a number of children with SEND and lower numbers before Christmas allowed staff to provide some extra support for them and extra time for our SENCO to complete additional paperwork and meet with the relevant professionals.
This has been an eventful year for many of our children, leaving the comfort and familiarity of the pre-school and entering the brand-new world of the big school. Teachers have been very complimentary of the level of our children moving on to Primary School, and everyone is committed to keeping up our
relationship with Broadbottom Primary School to continue helping the children to achieve successful transitions.
Preschool staff are committed to improving their knowledge and extending their professional development, utilising Noodle Now to complete regular training. We have renewed our subscription with them for another year.
Our Manager has completed Designated Safeguarding Lead training with the LA and one staff member has completed Safeguarding training, with others scheduled to do the same. Two members of staff also attended their 12 hour paediatric first aid course, and passed with flying colours.
Preschool policies have been updated in line with the new EYFS which came into force on the 1[st] September 2021. The Trustees are very grateful for the hard work and dedication of the Preschool staff, who care so much about the children they look after.
Pre-school continues to be financially stable, with a small reserve. We are however mindful of the cost-of-living crisis, and plan to explore additional fundraising activities to ensure a financial buffer.
Overall it has been a great year and with a bit of effort the next one can become even better!
Treasurer Report
Financial Statements for the year end 31[st] August 2022 have been passed over to Katharine Crellin of Indigo Blue Accountancy to examine.
The income and expenditure account as of 31[st] August 2022 shows a credit of £31,217 (an increase of £3,790) in the Santander Business Current Account, and £10,239 in the Virgin Savings account. Interest will need to be calculated and included in the 2023 accounts for the Virgin account. The overall year end credit has increased from £41,898 in 2021 to £45,836 in 2022.
Our total income for year ends 2021/2022 were £75,472 and £78,262 respectively. This is an increase of £2790. It is encouraging to note that it has increased in each of these years.
Our expenditure for year ends 2021/2022 were £59,173 and £74,324 respectively. This is a substantial increase due to being back after the pandemic and having rental charges back in place. Wage costs have also increased significantly by £6871, mainly due to changes in the National Minimum Wage.
The surplus capital for year ends 2021/2022 were £16,299 and £3938 respectively. It is positive to note that Preschool is running at a surplus, although it will be necessary to monitor this going forward as costs continue to rise.
Fees received from parents have risen, from £10,408 in 2021to £13,268 in 2022.
NEF fees have reduced since 2021 from £64,117 to £62,915.
Expenditure has risen in 2022, and was expected in light of the lift of restrictions. 2021 expenses totalled £59,173 and have increased in 2022 to £74,324.
Trustees Report- Year ending 31[st] August 2022
Broadbottom Preschool continues to take pride in offering a warm and family orientated environment, in which children can learn and grow in confidence, and for parents to feel supported.
With the tail end of the epidemic continuing to affect all of us, Preschool has continued to provide a safe and reassuring environment for our children. The children have participated in so many activities that have involved a wide range of interesting topics to help their development and independence. The children worked really hard learning songs for the Nativity and this year’s performance was very well attended. In light of previous lockdowns, having parents able to attend was a very welcome and encouraging step back towards normality!
In 2022, we were are at approximately 80% capacity and ran sessions generally with 3 staff and a manager. This was an increased percentage to last year. However numbers of children for the upcoming year are less, and significant effort needs to be applied to turn the tide. Staff are planning local partnerships to advertise services, and further focus will be required on online information and activity on Facebook and Google platform to capture the modern “passing trade”. Extension of service may be considered to support parents that have now returned to prepandemic working arrangements.
Preschool is proud to support a number of children with SEND and lower numbers before Christmas allowed staff to provide some extra support for them and extra time for our SENCO to complete additional paperwork and meet with the relevant professionals.
This has been an eventful year for many of our children, leaving the comfort and familiarity of the pre-school and entering the brand-new world of the big school. Teachers have been very complimentary of the level of our children moving on to Primary School, and everyone is committed to keeping up our
relationship with Broadbottom Primary School to continue helping the children to achieve successful transitions.
Preschool staff are committed to improving their knowledge and extending their professional development, utilising Noodle Now to complete regular training. We have renewed our subscription with them for another year.
Our Manager has completed Designated Safeguarding Lead training with the LA and one staff member has completed Safeguarding training, with others scheduled to do the same. Two members of staff also attended their 12 hour paediatric first aid course, and passed with flying colours.
Preschool policies have been updated in line with the new EYFS which came into force on the 1[st] September 2021. The Trustees are very grateful for the hard work and dedication of the Preschool staff, who care so much about the children they look after.
Pre-school continues to be financially stable, with a small reserve. We are however mindful of the cost-of-living crisis, and plan to explore additional fundraising activities to ensure a financial buffer.
Overall it has been a great year and with a bit of effort the next one can become even better!
Treasurer Report
Financial Statements for the year end 31[st] August 2022 have been passed over to Katharine Crellin of Indigo Blue Accountancy to examine.
The income and expenditure account as of 31[st] August 2022 shows a credit of £31,217 (an increase of £3,790) in the Santander Business Current Account, and £10,239 in the Virgin Savings account. Interest will need to be calculated and included in the 2023 accounts for the Virgin account. The overall year end credit has increased from £41,898 in 2021 to £45,836 in 2022.
Our total income for year ends 2021/2022 were £75,472 and £78,262 respectively. This is an increase of £2790. It is encouraging to note that it has increased in each of these years.
Our expenditure for year ends 2021/2022 were £59,173 and £74,324 respectively. This is a substantial increase due to being back after the pandemic and having rental charges back in place. Wage costs have also increased significantly by £6871, mainly due to changes in the National Minimum Wage.
The surplus capital for year ends 2021/2022 were £16,299 and £3938 respectively. It is positive to note that Preschool is running at a surplus, although it will be necessary to monitor this going forward as costs continue to rise.
Fees received from parents have risen, from £10,408 in 2021to £13,268 in 2022.
NEF fees have reduced since 2021 from £64,117 to £62,915.
Expenditure has risen in 2022, and was expected in light of the lift of restrictions. 2021 expenses totalled £59,173 and have increased in 2022 to £74,324.
Broadbottom Preschool
Financial Statements for the year ending 31 August 2022
Registered as a charity under the Charity Act 1960
Registration Number 1035816
BROADBOTTOM PRESCHOOL
I have examined the attached accounts incorporating the Income and Expenditure Accounts for the year ended 31st August 2022.
In my opinion, the accounts are in accordance with the records supplied, and subject to not carrying out an audit, are correct.
Signed
Katharine Crellin Date: 30th June 2023
Income & Expenditure Accounts 2021-2022 (£'s)
| Income Fees from parents Fees from NEF Total Fee Income Other Income Grant/Other Donations Fundraising Total Other Income Bank Interest Receivable Total Income Expenditure Wages Trips Equipment Fees Rent Insurance Catering Administration Other Total Expenditure Surplus/(Deficit) |
2021/2022 13,268 62,915 76,184 1,729 350 - 2,079 - 78,262 60,595 594 2,116 769 7,500 690 585 1,056 420 74,324 3,938 |
2020/2021 10,408 64,117 |
|
|---|---|---|---|
| 1,729 350 - |
655 292 - |
74,525 | |
| 947 - |
|||
| 75,472 | |||
| 53,724 - 2,171 1,760 - 380 969 169 |
|||
| 59,173 | |||
| 16,299 |
Balance Sheet as at 31st August 2022 (£'s)
| General Funds Virgin Money Santander Cash in Hand Total Represented by Surplus brought forward Surplus/Deficit for the year Surplus carried forward |
2021/2022 10,239 31,217 4,380 45,836 41,898 3,938 45,836 |
2020/2021 10,239 27,427 4,232 |
|---|---|---|
| 41,898 25,599 16,299 41,898 |