## **Trustee Annual Report for Swallow Risers Preschool and Out of School Club** ## **Year Ended 31st March 2023** ## Introduction: Swallow Risers remains a thriving establishment, serving the Walderslade community in Chatham Kent as a preschool, breakfast club, and after-school club. The year ending 31st March 2023 has seen positive developments in various aspects of our operation. ## Financial Overview: Despite facing financial challenges due to the increase in the minimum wage, Swallow Risers has maintained a positive financial trajectory. The payroll budget experienced a £12,000 increase, approximately £1000 per month. However, this did not impede our ability to invest in essential maintenance and improvements. ## Stability in Stafing and Positive Intake: We are pleased to report that our staffing remains stable, contributing to the positive learning environment for the children. The intake numbers for the year have been encouraging, reflecting the trust and satisfaction of parents in our services. ## Funding Streams: Swallow Risers relies on voucher funding for preschool children and parental fees for the afterschool and breakfast clubs. These funding streams have sustained the financial health of the setting, allowing us to fulfil our commitment to quality care and education. ## Infrastructure and Outdoor Enhancements: The financial success of 2022/23 has enabled us to undertake essential maintenance projects. We have enhanced our outdoor play area, installed new sheds, and landscaped the surroundings. This investment provides a safer and more enjoyable environment for children to engage in outdoor activities. ## Exploration Opportunities: Situated within the grounds of a primary school, Swallow Risers offers children the opportunity to explore a wooded secure area beyond the setting's fencing. Looking ahead, there are plans to consider the introduction of a forest school, utilising this wooded space for enriching learning experiences. ## Future Plans and Anticipated Building Structure Work: As we look to the future, plans include the possible introduction of a forest school and ongoing essential maintenance. In the coming financial year (2023/24/25), structural work is anticipated for our building. This will be scheduled during the summer holidays, ensuring minimal disruption to our regular operations. ## Conclusion: In summary, Swallow Risers continues to flourish under the dedicated management of the trustees and setting manager. Our collective focus on safety and well-being, both for staff and children, remains paramount. As we anticipate the challenges and opportunities of the next financial year, we aim to build upon the success of the past year, fostering a nurturing environment for all involved. We extend our gratitude to the community for their ongoing support. Swallow Risers Accounts 2022/2023 ## SWALLOW RISERS ## BANK RECONCILIATION FOR YEAR ENDED 31/03/23 |Opening Bank Balances|| |---|---| |Current Account|7248.67| |less o/s cheques|0.00| |Fund Raising Account|0.02| |Reserves Account|5276.08| |Deposit Accoun|0.00| |Balance|12524.77| |+ income|198358.38| |- expenditure|-183009.85| |Reserves a/c transactions|5021.65| |Deposit a/c transactions|0.00| |Fundraising a/c transactions|0.00| |Balance|32894.95| |Bank Reconciliation|| |Current Account - closing|22597.20| |less o/s cheques|0.00| |Fund Raising Account - closing|0.02| |Reserves Account - closing|10297.73| |Deposit Account - closing|0.00| |Balance|32894.95| |_Difference_|_0.00_| ## SWALLOW RISERS ## INCOME AND EXPENDITURE ACCOUNT ## FOR YEAR ENDED 31ST MARCH 2023 |INCOME
Fees
Grants
Other Income
Reserves A/c
Deposit A/c
Fundraising A/c
Total Income
EXPENDITURE
Staff Salaries
Overheads
Supplies & Services
Maintenance
Miscellaneous
Other AC expenditure
Total Expenditure
SURPLUS/-DEFICIT|Year ended
31st March 2023
£
131,170.55
14,108.26
27,282.42
2,634.08
2,814.54
0.00|£
198358.38
0.00
0.00
21.54
0.00
0.06
198,379.98
178,009.85
20,370.13|Year ended
31st March 2022
£
115,081.21
14,499.90
24,237.57
10,413.50
1,154.75
0.00|£
152729.62
0.00
0.00
0.75
0.00
0.06
152,730.43
165,386.93
-12,656.50| |---|---|---|---|---| |||||| ## SWALLOW RISERS PLAYGROUP & OUT OF SCHOOL CLUB ## BALANCE SHEET ## FOR YEAR ENDED 31ST MARCH 2023 |LONG TERM ASSETS
Investments
Long term Debts
CURRENT ASSETS
Stocks & Shares
Debtors
Temporary Lendings
Petty Cash
Payments in Advance
Cash in Hand
CURRENT LIABILITIES
Creditors/adj
Temporary Loans
Bank Overdraft
Current Assets less Liabilities
REPRESENTED BY:
General Fund
Surplus-Deficit for Year|AS AT 31/03/23
£
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
32,894.9
5
32,894.9
5
0.00
0.00
0.00
0.00
32,894.9
5
32,894.9
5
12,524.7
7
20,370.1
3
32,894.9
0|AS AT 31/03/22
£
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
12,524.77
12,524.77
0.00
0.00
0.00
0.00
12,524.77
12,524.77
25,181.27
-12,656.50
12,524.77|AS AT 31/03/22
£
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
12,524.77
12,524.77
0.00
0.00
0.00
0.00
12,524.77
12,524.77
25,181.27
-12,656.50
12,524.77| |---|---|---|---| ||||12,524.77| ||||12,524.77| The above statement represents fairly the financial position of Swallow Risers as at 31st March 2023 and reflects its income and expenditure during the year. Dated: E Signed………………………………………………: S Babington 05/11/23 MARTIN THOMAS & CO Incorporating HELPING HAND SERVICES 3 Woodstock Road, Sittingbourne, Kent ME 10 4HH. Tel: 01795 - 477787 (Ans/Fax) Mobile: 0772 E - 612374 SWALLOW RISERS PLAYGROUP AND OUT OF SCHOOL CLUB INDEPENDENT EXAMINER'S REPORT l am reporting to the Trustees of Swallow Risers Playgroup and Out of School Club on the accounts for the year ended 31 March 2023, as set out on the attached pa8es. Respective Responsibilities of Trustees and Examiner. The charity's trustees consider that an audit is not required for this year under Section 43(2} of the Charities Act 1993 (the Act) and that an independent examination Is needed. It is my responsibility; to examine the accounts (under section 43 of the Act), to follow the procedures laid down in the General Directions given by the Charity Commission lunder Section 4317llbl of the Act), and to state whether particular matters have come to my attention. Basis of Inde endent Examiner's re ort My examination was carried out in accordance with General Directions given by the Charity Commissioners. The examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Inde endent Examiner's statement In the course of my examination, no matter has come to my attention l. Which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that,. Proper accounting records are kept lin accordance with section 41 if the Act); and Accounts are prepared which agree with the accountin8 records and comply with the accounting requirements of the Act. 2. To which, In my opinion, attention should be drawn In order to obtain a proper understanding of the accounts to be reached. Signed Date 23 ?oi3 roprietor.. Martin Thomas E Mail: martin@martinthomasaccountant.co.uk Accounts, Taxation, Computers, Payroll & Management Consultancy swallows BALANCE SHEEfas al 31-03-23 ALL ERS PLAY ROUP & OUT OF HOOL C BALANCE SHE R YEAR ENDED 31ST MARCH 202 AT31 AT3 LON RM Investments Long terrn Debts CURRENT Stock5 & Shares Debtors Temporary Lendings Petty Cash Payments in Advance Cash in Hand 32 894.95 12 524.77 32,894.95 12,524.77 RRENT LIABIUTIES Creditors/adj Temporary Loans Bank Overdraft nt Assets It Llabllltles 32 12 524.77 894.95 12 524.77 REPR ENTED BY-. General Fund 12.524.77 25,181.27 Surplus-Deficit for Year The ab¢)ve ststement represents fairly the financlal posjtlon of Swallow Rlsers as at 31st March 2023 and refiects Its income and expenditure durSn8 thè year. E sl8fted￿ Babln8ton Dated: 0511ty23 Page 1 swallows in¢on7e- expenditure as al 31￿3-23 SWA LOW RISER IN AND EXPEN ITURE A UNT MARCH 202 FORY DED 31 Ye r ended 315t M rch 202 r ended March 2022 INCO Fees 198358.38 152729.62 Grants 0.00 Other Income Reserve5 A/c Deptssit A/c Fundraising A/c I lThcome 21.54 0.75 0.06 0.06 15 730.43 XPENDITURE Staff Salaries Overheads Supplies & Services Maintenance 131,170.55 14,108.26 27,282.42 2,634.08 2,814.54 0.00 115,081.21 14,499.90 24,237.57 10,413.50 1,154.75 Miscellaneous Other AC expenditure Total Ex endft 0.00 165 386.93 Internal Transfer of £50(M) deducted from alc Page 1