Chapelbreak Village Hall Bowthorpe Norwich NR5 9LG Tel: 01603 442059 Ibreak Email: cha mail. CHAPELBREAK PRE SCHOOL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 APRIL 2024 The committee presents its report and audited flnancial statements for the year ended 31 APRIL 2024. Referen￿ and Adminlstratlve Infornlatlon Charity Name: Charity registration number. Operational address: Chapelbreak Pre=school Chapelbreak Village hall Bowthorpe Norwich Norfolk NR5 9LG Trustees Icommfftee) Gary Atkins Louise Courtney Smith Nicky Newson Chairperson Secretary Treasurer Jackie Gallagher Doreen Thurlow Pre-school Manager Sara Harrison Bankors Lloyds Ind?￿ndent Examin•r Nicky Summers The trustees present their report with Ihe financial statements for the year ended 31 April 2024. OBJECTIVES AND ACTIVITIES Objectives and Activities The charity's objects are to support th8 pre-sctrKJol in the running of the setting. Public Benèfft The Pre-school is open to all children, without any catchment area, nationality. religious or other restriction, from when they are years old until they are able to enter infant school. Earfy Years funding was available for all children from the temi following their third birthday until they were able lo enter infant school and some children were eligible for funding from the temi following their second birthday. No children are therefore excluded for finanGial reason. Volunteers The wmmillee relies on volunteers in th8 carying out of its duties, FINANCIAL REVIEW Flnancial Posftion The setting is financially viable. Prlndpal fundlng 80urces The principal source of funding during the year was from Norfolk Education grants and pre- school parent payment fees. Investment policy and objectives The inv8Stment objectives are to achieve grovrth, whllst minirnising risk. Surplus funds in thè general fund are placed in a bank reserve account, together with the funds being accumulated in the high interest account. Reserve8 policy It is the policy of the trustees to maintain general funds, excluding those funds invested in fixed assets, at a level that equates to three months expenditure, a figure approximately £45.000. This provides sufficient funds to cover salaries and other ¢osts incurred in the event of a temporary reduction in income. Th8 trustees and staff are to be commended for continuing to achieve the target of free reserves. Futur¢ Plans The commitlee wlll work with th8 Staff team to ensure the pre-school r8mains sustsinabl8 In view of the challenges the early years sector faces. The committee will continue lo review th8 stralegy of the future development of the pre- STRUCTURE. GOVERNANCE AND MANAGEMENT Govarnlng Document Tha charity is controlled by its gov8ming document. a de6d of trust and constitutes an unincorporated charity. December 1993 and is governed by a constitution adopted on 21st October 1993 and amended on 1 oth December 1997. 261h September 2002 and 18th October 2012. Recrulimont and Appointment of Committoo Members At least 60% of the committee, including C￿OPted members. must be parents or guardians of children in the Preschool. In the evenl thal 60 % cannot be a¢hieved, then affiliate members may be elected. The committee members are elected at the annual general meeting. Retiring committee members are eligible for re-election. The committee members were all elected at the AGM in Aulumn Tem 2024. Commltteo Members Induction and Training New committee members are encouraged to read the charity's constitution, the last financial statements of the charity and the Charty Commission guidance, CC3. 'The Essential Trustee: what you need to know, what you need to do, and the Charity Govemance Code. Rl8k Managemont The trustees have reviewed and identified the risks that Ihe settlng faces and have systems to monitor and control these risks to mltigate any impaGt they may have on the pre-school in the future. These systems arè r6Vi8wed on a regular basis. Organisational Structure The Charity has a committee (l)oard of trustees) conststing of Chair, Secretary and Treasurer and no less than 1 or more than 9 elected members. If the committee so decides. it may have not more than 3 members co-opted by the committee. The committee meeting as and when needed and a minimum of three times a year. The day to day running of the pre- school rests with the setting manager as assisted by the staff, together with any volunteers they might have. Koy management remurnratlon The key management personnel consist of the Pre-school Manager and Ihe Deputy Manager. They are remunerat8d at a rate which is based on the prevailing rate for the sector. Approved by the Committee on: Gary Atkins Chalr of Trustees Date: 6.09.26 •OOOOOOvrfiO oao¥o oOoiX- 88888888- c>ac otieoo 888=8-8-E- 88888888888 8888888888881- 8g888888=8& 0%8888888- vogOOtiC>C>O 888888 cc>oocJc> oooooo￿O0000 8-8x888-8" <0 rri C> 5v 4iTtr CIV> LO ro Ill Ill ¢y C> 8 88 8 $8 8-818:*88g88 3- Ill Ill I 000 000 JOOO 8 88 8 388 Ill Ill I Ill Ill J IE 888888&-. J8 ￿c50 Ill Ill J IE Ill Ill I 51 8889 I I i!11 888¥18&E- ryrtr4 gE ia CJ C> C> ooo 2 8 I C> Iy 8 8 J i a I (o co 8888 C*OOQ ¢DQQQQ pi Ill Ill I ti r Ill Ill J )yt 8 ?2EIE23E?2EEEEEEB3E?2SE.S ccc c ccc c c Ec c c 82££222£222£22S22£2££22 £ 8I8888¥¥%8: 11111111111111111111111 2E22E2E2222E2222£EE222E o) • 88 i ia Ip 2E23S£2EE£EBE2SB2E223££ Iii * p 22122S 8R-8888 111SIE33 88 Ec E52E 8 8 8 JI}EEE3151? S8￿8-8&%￿&S¥8-3S￿88￿888s888888￿ za2z23E2222Z2223£2E2EEE 11111 Iliil, 888 b5 888=888-8-8- S￿8888￿88￿. 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Responsibilitles and basis of report I report in respect of ffly ex￿1¥￿tIOn of the Tfusvs accounts carried out under section 145 of the 2011 Act and in caryng out my eXaminat￿n, I have fo1[￿d all the applicable Directions gNen by the Charity Commiss*)n under section 14515llb) of the Acl. Independent examinerfs ststement I have ￿mpleted my éxamination. I rA)nfimi that no material matters have come to my attention in connection with the examination (other than that discb)sed bdow.) which gives me cause to believe that in. any material the accounting records V￿re not kept in a¢¢ordance with section 130 of the Charittes Ad., or the accounts did not accord with the accounting records: or the accounts did not comply with the applicabte requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) RegUla￿on5 2008 other than any requirement that the accounts give a Irue and fairf VEW which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In conneulN)n with the exarnination to which attention should be drabvn in this report in Order to enable a proper understanding of the accounts to be reached. ' Please del8t8 the words in Ihe brackets rfth8y do not apply. Slgned: J812)&. Name: /-46PS- Relevant professional qualificalion(s) or body (rf any): AddreM: IER Oet 2018 Scction B Disclosure ly complete if the examiner needs lo highlight material matters ofconcern (see CC32, Independent examin*ion of charty acoount8'. directions and guidance for ek￿n1ners}. Givo hero brief details of any items that the examiner wish•s to dbclos 361 . & t,EI30 . Eo IER Oct 2018