Annual Trustees Report – Review of Academic Year 2022 - 2023
Autumn Term 2022
We began the new academic year with a total of 30 children registered, this included a proportion of both funded and fee paying children. We made the decision to increase our early drop off fee from £2.35 to £3 per day and keep our session rates the same for this academic year, in order to remain competitive with other local settings/providers.
Having previously obtained a grant from COOP to fund new flooring, with this option no longer viable due to restrictions with our building/landlord, we obtained permission to use this funding to instead purchase new ICT equipment in the form of a new laptop, mobile phone and ICT resources for our children.
We gained a new staff member during this half term, with the view to strengthen our staff team in preparation for the manager’s upcoming planned early retirement later in the year.
During this half term, we managed to fundraise £44 during our Halloween fun week and a combined total of £439.77 was further raised by holding a xmas party, xmas raffle, xmas concert and sending out ‘santa letters’. We also received a £500 grant from Asda.
During this half term, we had some discussions surrounding the possibility of changing pre-school to a CIO. We looked into the pro’s and con’s of doing so alongside our chairperson, it was decided that for now we would remain as we are but recognised this as an option if needed to secure our future financial stability.
Spring term 2023
During the spring term we held a cake sale which generated £56.00, a ‘teddy bear picnic’ which made us £22 and also held an Easter raffle and party which amounted to a further £296 in fundraising.
We held parent consultations during the Spring term and also decided to run a play day during the half term, in order to increase our community presence and we made £26 by charging a small fee to attendees.
We had a change of management in this term, with our current manager taking early retirement. This term saw us enter a period of adjustment and change, with an aim to keep pre-school doors open and improve our financial viability.
Summer term 2023
With our aim being to improve our financial viability, we recognised the need for us to increase the number of children attending our setting. We continued to attend regular community network meetings to broaden our community links and they assisted us by providing a grant of £102.24 to facilitate our ‘messy play’ sessions we planned to hold during half term breaks. We used this funding to purchase the resources needed to run these sessions and we advertised them to the local community.
To celebrate the King’s coronation, we held a coronation fundraising week which generated £72 for pre-school, we decorated crown’s, wore red, white and blue clothing and sold sweet cups at the end of session. In terms of fundraising we also held our annual sponsored bounce, making us £548!
We also attended a community fun day and had a stall at a local carnival, hoping to generate interest in our pre-school and advertise our services. We made a profit of £174.70 from the carnival from running a tombola and charging a small fee for children to play/access our activities.
As our last fundraising endevour of the academic year, we held a virtual summer raffle, this generated £265.
We ended the summer term with 28 children registered, with 13 of these children leaving us to join primary school. Our aim for the upcoming academic year is to remain financially viable and continue to have a strong community presence. After a year of much change and adjustment, we aim to continue to become the strongest team we can and to provide the best opportunities and experiences for our children.
| FULL YEAR | ||||||
|---|---|---|---|---|---|---|
| 1/8/22- 31/7/23 | ||||||
| Receipts | Payments | |||||
| DCC Funding | 65450.96 | Wages | 77945.94 | |||
| Fees | 24073.35 | HMRC Tax & | 7582.80 |
|||
| Essential Supplies | NEST Pensio | 7103.4 | ||||
| Donations | Rent | 6500.00 | ||||
| Cake Sales | Refreshments | |||||
| CleaningMaterials | ||||||
| Fundraising | 3242.19 | Creative Resources | ||||
| Erewash Borough Grant | Stationery | |||||
| Amazon Smile | Toys | 2426.59 | ||||
| EasyFundraising | Phone | 70.00 | ||||
| Just Giving- Crowdfunder | Internet | 620.76 | ||||
| Photocopier | 390.00 |
|||||
| Parent & Toddler | Refuse colle | c 406.38 |
||||
| Ofsted Annu | 35.00 | |||||
| Cleaning-sco | 873.00 | Text 2paren | 234.00 | |||
| PLA Insuranc | 1378.59 |
|||||
| Lotteries Lic | 20.00 | |||||
| Weeklyshop | 412.13 | |||||
| TapestryRe | 235.20 | |||||
| Pest Control | 120.00 | |||||
| Outdoor Resources & Maintenance | ||||||
| General Expenses | General Exp | 1157.26 | ||||
| Uniform Sale | 490.00 |
Uniform Stoc | 617.66 |
|||
| Xmas Art - All MyOwn Work | ICO | 35.00 | ||||
| PartyWeeks | PartyWeeks | |||||
| Xmas Play | Xmas Play | |||||
| Xmas Party | Xmas Party | |||||
| Xmas Fair | Xmas Fair | |||||
| Summer Fair | Summer Fair | |||||
| Easter Eggstravaganza | Easter Eggstravaganza | |||||
| Santa Letter | Fees refund | 93.00 | ||||
| Citron Hygie | 179.86 | |||||
| Halloween Week | Halloween Week | |||||
| LongEaton Carnival | LongEaton | C 28.80 |
||||
| Bank Interes | 374.29 |
Bank Charge | 65.00 | |||
| ### | ### | |||||
| Opening Accounts | Closing Accounts | |||||
| CAF A/C | £7,724.14 | CAF A/C | £2,570.23 | |||
| CAF Saving | A£41,297.61 | CAF Saving | A £33,316.73 |
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| Cash | £191.86 | Cash | £173.07 | |||
| ### | ### | |||||
| I haveprepared the above accounts from the books,bank statements and information | ||||||
| available to me. These are correct and in accordance herewith. | ||||||
| Nikki Vincent | ||||||
| 31st August 2023 |
Independent Examlner's report to the Trustees ol Spflnglldd Ftyfrschool I report on the accounts of the Inst fty Ihe year ended 3tsf Juty 2023. W Out on the enclosed pages. Respectlve responslbiltties of trustees and examlner The charity's trustees are res[K)ble fly the wepwati(m accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 20U (the 20ll Act) and Ihat an Independent examinaikn is needed. It is my responsibilty to Examine the a¢¢ounts under section 145 ot the 2011 Act To follow the predureS laKI down in the general direthions given by the commission under seCn 145(5)(b) of the 2011 Act To state whether particular matters have to my atbiti Basis of Ind•pond•nt examln•r's r•port My examination was Ggrried wt in accordance with the general direttions given by the Charity CcAnmlssion. An examination Includes a review of the accouniiNJ records kept by the charity and a comparison of the accounts presented wtth those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking eXanatIonS from you as ITUStees conceming any such matters. The wocedures urxlertaken do rKA wovide all the evidenc that would be requred in an audil and conseq no opinion is given as to whether the acc(xmts presem a Inje and fair Niew. and the report is limited to those mattws set out in the next 8lemert Independ•nt •xaminer* statem In connethion with my examinaiion. no matter has come to my attention.. l. Vthich gives me reasonthe cause io believe that in any material respect the requlrements: To keep accounting recdS in accordan with sects'on 130 of the 2011 Act and To prepare accounts which accord wilh the accounting records and comply wlth the accounling requirements of Ihe 2011 Acl have IK)t been met or 2. To which. in my opinion, aiternim slKKAd be drawn in wer trj enable a pn)per (WKlerstarKlirMJ of the accounts to be reached Name: (Relevant ProfessK)nal Qu cation or B(#ty rf any): Aqr (£vel 2 Address: 1.2 '111e cirs(Ent Helen tl:wd, Date.. 25. 3 21J SigrRd: