## **Trustees’ Annual Report for the period** ## **From Period start date 1[st] August 2022 To Period end date 31[st] July 2023 Charity name: Broome and Ditchingham Preschool** ## **Charity registration number: 1037364** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To provide preschool education and social
development for children aged 2-4.| |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|The Preschool provides a term-time
preschool service for children aged 2 to 4
from Broome, Ditchingham and
surrounding villages. Places are available
with funding from Norfolk County Council or
through private fees.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the
guidance issued by the Charity
Commission on public benefit and are
confident that the preschool complies with
these requirements.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|N/A| |Policy on social investment
including program related
investment|Para 1.38|N/A| |Contribution made by
volunteers|Para 1.38|The Preschool is overseen by volunteer
trustees.| |Other||N/A| **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|In September 2022, the Preschool had
XX
children on role and offered a maximum of
XX hours a week per child.
The 2022 term began from the Preschool’s
new base in the Jubilee Annexe of
Ditchingham Village Hall – which meant
that the children had a dedicated space
and could therefore enjoy greater flexibility
and longer hours.
Key achievements for the year included:

Developing children’s confidence
around trying healthy foods that may
not be available at home with group
tasting sessions

Introducing children to different cultures
with celebrations for Chinese New Year
and Divali

Developing 4 year olds readiness for
school through liaison work with
primary school teachers and adapting
our curriculum to support these
transitions

Increasing children’s exposure to
nature through engagement with the
Preschool’s new nature
garden. Activities included checking
the hedgehog house, looking at live
small mammals that lived in the garden
and hunting for mini-beasts.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**N/A**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**N/A**| |Investment performance
against objectives|Para 1.41|**N/A**| |Other||**N/A**| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the financial year, the charity
had income of £69,298.32 and expenditure
of £62,023.04. This led to an operational
surplus of £7,275.28, and the charity
retained a positive balance of £21,750.15
including free reserves. This was pleasing
stability after last year’s recorded deficit,
which was incurred due to exceptional
additional costs through the building of the
new annexe in which they would be based.
The increased income compared to the
previous year’s £46,968.96 was due to the
increased hours the Preschool was able to
offer from its new building.| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Preschool aims to hold reserves
equivalent to a minimum of three months’
running costs (approximately £12,000).
This is to enable us to pay staff, bills and if
necessary reimburse fees in the event of
unforeseen closure.
We also aim for our reserves to provide us
with a financial ‘buffer’ whereby we can
subsidise staff salaries / rent etc if numbers
of children are low.
We review our reserves levels and position
annually as part of our AGM.
At year end for 2022-23, reserves levels
were £10,900.47. This was slightly below
our reserves target, and trustees agreed
that surplus income from the activities
could be designated to bolster this amount,
which may also need to be bolstered due to
increased monthly expenditure on salaries.| |Amount of reserves held|Para 1.22|£10,900.47| |Reasons for holding zero
reserves|Para 1.22|NA| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| ## **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|
**N/A**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**N/A**| |||| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|**N/A**| |Other||**N/A**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated charitable 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 voted in each year at the
Preschool’s AGM for one year. Retiring
officers and committee members are
eligible for re-election.| ## **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|
**N/A**| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**N/A**| |Relationship with any
related parties|Para 1.51|**N/A**| |Other||**N/A**| ## **Reference and Administrative details** |Charity name|Broome and Ditchingham Preschool| |---|---| |Other name the charity uses|NA| |Registered charity number|1037364| |Charity’s principal address|Ditchingham Village Hall - Platinum Jubilee Annexe
Loddon Road
Ditchingham
BUNGAY
NR35 2QN| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| ||Tonya Fisher|Chair|October 2022|| ||Laura Myatt|Treasurer|January2020|| ||Suzannah
Goodfellow|Secretary|March 20202|| ||Simone Heywood|Trustee||| ||Lauren Raven|Trustee||| ||Ruth XXXX|Trustee||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name NA** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for**
**whole year**|| |---|---|---| |**NA**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NA safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and**|**addresses of advisers (Optional information)**|**addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**|**Name**
**Address**|| |**A**||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **None** ## **Other optional information** **NA** **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** Tonya Fisher **Signature(s)** Laura Myatt Tonya Fisher **Full name(s)** Laura Myatt **Position (eg Secretary,** Treasurer Chair **Chair, etc) Date** 22/01/2024 Broome and Ditchingham Preschool Balance Sheet As of July 31, 2023 TOTAL AS OFJUL 31, 2023 AS OFJUL 31, 2022 IPPI Fixed Asset Cash at ba￿{ and in hand CAF Bank- 00013009 CAF Bank- 00090019 Pew Cash T+)tsIG4b &h4*aodinthaod 10.849.21 10,900.47 0.47 1,331.93 12.490.42 11.60 Debtors Debtors 4,323.04 2,219.18 Current Asset5 Villag8 Hall Fund 0.00 NET CURRENT ASSETS £16W3 Creditors.. amounts falling due within one year Trade Creditors Cr8ditor8 750.85 73.58 Current Liabilities Acerua15 and Deferrtd In(x)me 0.00 0.00 0.00 103.13 31.47 96.16 0.00 0.00 .3,000.00 0.00 0.00 1,029.32 50.14 Adnams- R8slricted Fund N8iur8 GaTd8n Restr￿ed Funds PAYE C￿aring Payrdl cl￿ng P6nsion Clearing RC Snelling Restrfcted D￿ation Ra5trict8d Fullds- NCF 83.79 0.00 0.00 £8JL61 NET CURRENT ASSETS ILIABILITIESI TOTAL ASSETS LESS CURFIENT LIABILITIES £￿￿1&86 7JiUè £trJiL98 TOTAL NET ASSETS ILIABILITIESI Charity furKJs Retained Earnings SurpluWIDeficitl 17*16.30 7,275.28 Lfj• 26.680.80 -8,864.50 £￿￿10￿8 A¢¢iuaT Ba$ls Wednesday, 17 January 2024 10:36 am G￿r+00. Broome and Ditchingham Preschool Financial Activtties ALtgust 2022- July 2023 TOTAL AUG 2￿- JUL 2023 AUG 2021 - JUL 2022 IPPI Income Bank Interest EYPP Income Fee5 Fundraislng & Donations LEA Funding Lottèry Fundraising Other (Grarnsl Olher Incom8 Photos Uniform Sales 128.31 1.306.33 8.1S3.11 2.709.45 55,150.32 515.80 600.00 300.00 342.00 11,134.25 312.55 30,242.40 482.10 4,014.98 239.00 193.00 435.00 TOTAL Expendrturos Accountancy Adv8rtisinglPromobonai Bad Debt Bank chargès Calerlng Craft & Consurnables DBS checks Donatlons EquipmeTrt EYPP Expendtture Garden Suppl￿$ Heallh & Salaty Insurances Legal & Professional servi orlic81G8n8ral Administrative Expenses Ofsted Phon6 Costs Printing. Postage alld Stationery Pur¢has8S Rent Repaiis & Ren6wals Salari8s- Emptyment Mlowan Sdaries- Gross Pay Salary- Employar Nl Salary- Employor Ponsion Sundri8S T￿ning Cours8S Uniforms 630.00 215.00 156.75 475.00 326.18 96.00 437.12 297.92 245.00 24.99 847.47 614.75 665.06 290.7Y 74.20 7ff￿.65 584.52 240.98 179.49 780.87 375.00 1,027.99 6.98 718.72 175.07 50.00 40.00 238.57 316.06 50.00 21.29 27.47 0.00 7.286.26 6,448.43 -1,076.32 35,870.62 1,076.32 398.57 334.08 6,477.20 2.38 -1,661.45 48,488.01 1,661.45 499.45 55.50 135.00 451.47 29.50 30.00 151.80 NET OPERATING INCOME Accrual Basls Wednegday, 17 January 2024 10..37 am GMT+OO:00 1r2 Broome and Ditchingham Preschool Flnanclal Activitles August 2022- Juty 2023 TOTAL AUG 2022- JUL 2023 AUG 2W21 - JUL 2022 IPPI Olher Expenditures Nature Gard9n Funding costs Restrictèd- Fatnily Supix)rt Fund 71.93 13.41 NETOTHER INCOME NET INCOIAEIIEXPENDITUREI A¢orual Bas1$ we0￿s￿aY, 17 January 2024 10..37 am GMT+OO'.I]O Broomè and Ditthingham Poschool rwdalAthltt8sbyClass wtztsZZ-J￿¥kljzI Tfjt HWTIEYW ELlB￿￿￿￿lP ¢LW SPÈGIBED ri￿ LE4Fu Is loy F¥p4￿l￿nY5 15&75 742 em15 $7&07 ElnOT 4tKOtr t40. 147 f2 I.￿1￿5 1￿lAS t1.W Èth4& tJ5 £4$1 47 ABACUS The Willows, Ipswich Road Long Stratton, NRI 5 2TG Tel. 01508 333040 offlce@abcabacus.co.uk www.abcabacus.co.uk A¢