TRUSTEES ANNUAL REPORT YEAR ENDING 31ST AUGUST 2024
ST MICHAEL’S PRE-SCHOOL CHARITY NO: 1043275
Report of the trustees for the year ending 31[st] August 2024 and confirms that the organisation complies with the requirements of the Charity Act 2011, the Trust Deed and Charities SORP (FRIS102).
AIMS OF ST MICHAEL’S PRE-SCHOOL
To provide a safe educational environment for children both girls and boys aged 2 to 5 years old. St Michael’s Pre-School have been serving the community of Tettenhall for 59 years.
PRESENT
At the present time the Charity in the process of restructuring, partly because there is a need, previously reported, for more Trustees.
The accounts presented here have been drawn up by the Secretary as acting Treasurer in the interests of speed. The accounts have been examined by Mr MD Wood, who is a former Church Treasurer and a former Charity Treasurer but is also related to the Secretary.
The work of the Charity however is not affected by these items and continues as normal.
Any changes occurring as a result of actions relating to the above will be reported to and/or discussed with the Commission as necessary.
FUTURE
Continuing to fundraise to pay for modifications to the Pre-School. We have purchased a summer house for the garden area. This will help to improve child learning and provide new experiences for the children.
We are currently fundraising for new equipment and furniture for the Pre-School room.
We continue to improve facilities for the children.
We will continue to provide an educational environment through Terrific for Twos funding, Working Twos funding, NEF and 30hours funded places as well as fee paying places.
We will continue to provide staff and apprentices with the current up to date training where needed.
FINANCES
The financial statement shows an income of £147153.55 for the year, with a starting balance of £30869.04
The principal source of income is via local authority funding which accounts for 78% of income with the remaining 22% coming from parent fees, fundraising and apprentice training payment.
The main expenditure within the Pre-School is staff costs which account for 81%
As a charity parents, friends, committee members, trustees and staff members are all aware that all funds will go to provide educational enriching activities and equipment for pupils.
TRUSTEES
Mrs Rosemary Wellsbury
Mrs Nicola Kynaston-Wood
CONTACT DETAILS
St Michael’s Pre-School
Parish Centre
Upper Street
Tettenhall
Wolverhampton
WV6 8QF Contact number – 07791 940235
ST MICHAEL'S PRE-SCHOOL ACCOUNTS YEAR 2023 to 2024
| ACCOUNT 1 | ||
|---|---|---|
| INCOMEFOR YEAR 2023 TO 2024 | £ | |
| FEES | 26897.25 | |
| REFUNDS | 423.09 | |
| FUNDING W-TON COUNCIL | 114681.11 | |
| TRANSFERS | 3000 | |
| FUNDRAISING | 1274.1 | |
| OUTINGS | 378 | |
| TRAINING (APPRENTICE FEES) | 500 | |
| TOTAL | 147153.55 |
| BANK BALANCE | ||
|---|---|---|
| ACCOUNT 1 | START | 16562.22 |
| END | 24453.81 | |
| TOTAL | 7891.59 GAIN |
| TOTALS | |
|---|---|
| TOTAL IN | 147153.55 |
| TOTAL OUT | 135761.96 |
| NET TOTAL | 11391.59 GAIN |
| TOTALS | |||
|---|---|---|---|
| ACCOUNT | 1 | 7891.59 | |
| ACCOUNT | 2 | 3500 | |
| TOTALS | 11391.59 | GAIN |
| ACCOUNT 1 | |||
|---|---|---|---|
| EXPENDITUREFOR YEAR 2023 TO 2024 | £ | ||
| TRANSFERS | 3000 | ||
| WAGES | 99423.66 | ||
| HMRC | 9525.29 | ||
| NEST (PENSIONS) | 1677.21 | ||
| FUNDING | 370.7 | ||
| TRAINING | 312 | ||
| SUBSCRIPTIONS & FINANCE | 13795.46 | ||
| CLEANING & HYGIENE | 519.46 | ||
| EQUIPMENT & TOYS | 2627.23 | ||
| FOOD | 1056.18 | ||
| MAINTENANCE | 1788.63 | ||
| OUTINGS | 602 | ||
| STATIONARY | 1034.14 | ||
| REFUNDS | 30 | ||
| TOTAL | 132761.96 | ||
| BANK BALANCE | |||
| ACCOUNT 2 | START | 14306.82 | |
| END | 17806.82 | ||
| TOTAL | 3500 GAIN |
’ EXAMINER REPORT - FOR ST MICHAEL S PRE-SCHOOL ACCOUNTS
2023/2024
As stated in the Trustees Annual Report accounts have been prepared by the secretary whilst the Committee are trying to appoint a new treasurer. The accounts have been examined by Mr MD Wood as acting auditor and he is satisfied that the information supplied appears to be accurate.
MD Wood