# **SWALLOW RISERS ACOUNTS AND ANNUAL REPORT 2023/2024** **Trustees' Annual Report Swallow Risers Preschool Year Ended 31st March 2024** **Charity Name** : Swallow Risers Preschool ## **Structure, Governance, and Management** Swallow Risers Preschool is a registered charity managed by a dedicated committee of trustees who oversee the operation and strategic direction of the setting. The trustees work closely with highly trained staff to ensure the delivery of exceptional early years education while maintaining compliance with legal requirements and charity objectives. The committee meets regularly to review operational and financial performance, safeguard the preschool’s assets, and ensure that the preschool adheres to its charitable purposes. The trustees are committed to creating a safe, welcoming, and inclusive environment where children can thrive. ## **Objectives and Activities** The primary aim of Swallow Risers Preschool is to provide early years education and care for children aged 2 to 5 years in the local community. The setting offers a nurturing environment that fosters positive learning experiences and supports children in achieving their developmental milestones. Until July 2024, Swallow Risers also operated a breakfast and after-school club. However, these services were successfully transferred to Maundene Primary School, allowing the preschool to focus exclusively on early years provision from September 2024. The preschool operates wraparound care, with morning and afternoon sessions linked via a lunch club to provide full daycare options. This flexible approach ensures that we meet the needs of families in the community. ## **Achievements and Performance** - **Good Ofsted Rating** : Swallow Risers maintained its "Good" rating from Ofsted, reflecting the quality of care and education provided. - **Increased Enrolment** : The preschool experienced a strong intake of children, supported by both government-funded places and paying families. - **Staff Excellence** : Our highly trained team continues to provide outstanding care within legal ratios, fostering an engaging learning environment for all children. - **Facility Improvements** : In 2024, essential maintenance was undertaken, including the installation of new cladding to replace rotten wood on the building’s exterior. These upgrades enhance the safety and appearance of the setting. ## **Financial Review** The preschool remains financially stable, with a balance of funding from government-supported childcare and fee-paying families. Strong financial oversight ensures that the preschool operates within budget, with funds reinvested to improve facilities and resources. ## **Plans for the Future** Looking ahead, the trustees are focused on enhancing the outdoor learning environment to enrich children’s experiences. The next key project is to secure funding to transform the garden area into an educational space aligned with Forest School principles, encouraging exploration, creativity, and connection with nature. The trustees also aim to continue professional development for staff and strengthen community engagement to ensure Swallow Risers remains a valued resource in the area. ## **Conclusion** The trustees are proud of the progress and achievements made during the past year. Swallow Risers Preschool continues to be a cornerstone of the community, providing high-quality care and education while maintaining financial stability and a commitment to improvement. We extend our gratitude to the staff, parents, and wider community for their ongoing support and look forward to another successful year ahead. **----- Start of picture text -----**
SWALLOW RISERS PLAYGROUP & OUT OF SCHOOL CLUB
BALANCE SHEET
FOR YEAR ENDED 31ST MARCH 2024
AS AT 31/03/24 AS AT 31/03/23
£ £ £ £
LONG TERM ASSETS
Investments 0.00 0.00
Long term Debts 0.00 0.00
0.00 0.00
CURRENT ASSETS
Stocks & Shares 0.00 0.00
Debtors 0.00 0.00
Temporary Lendings 0.00 0.00
Petty Cash 0.00 0.00
Payments in Advance 0.00 0.00
Cash in Hand 41,174.71 32,894.95
41 ,174.71 32 ,894.95
CURRENT LIABILITIES
Creditors/adj 0.00 0.00
Temporary Loans 0.00 0.00
Bank Overdraft 0.00 0.00
0.00 0.00
Current Assets less Liabilities 41,174.71 32,894.95
41 ,174.71 32,894.95
REPRESENTED BY:
General Fund 32,894.90 12,524.77
Surplus-Deficit for Year 8,279.81 20,370.13
41,174.71 32,894.90
The above statement represents fairly the financial position of Swallow Risers
as at 31st March 2024 and reflects its income and expenditure during the year.
E Signed : S Babin … gton Dated: 05 /12 /24
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SWALLOW RISERS
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31ST MARCH 2024
Year ended Year ended
31st March 2024 31st March 2023
£ £ £ £
INCOME
Fees 217385.27 198358.38
Grants 0.00 0.00
Other Income 0.00 0.00
Reserves A/c 110.10 21.54
Deposit A/c 0.00 0.00
Fundraising A/c 0.06 0.06
Total Income 217,495.43 198,379.98
EXPENDITURE
Staff Salaries 141,458.47 131,170.55
Overheads 16,007.08 14,108.26
Supplies & Services 33,843.82 27,282.42
Maintenance 17,388.70 2,634.08
Miscellaneous 151.75 2,814.54
Other AC expenditure 365.80 0.00
Total Expenditure 209,215.62 178,009.85
SURPLUS/-DEFICIT 8,279.81 20,370.13
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SWALLOW RISERS
BANK RECONCILIATION FOR YEAR ENDED 31/03/24
Opening Bank Balances
Current Account 22597.20
less o/s cheques 0.00
Fund Raising Account 0.02
Reserves Account 10297.73
Deposit Accoun 0.00
Balance 32894.95
+ income 217385.27
- expenditure -209215.62
Reserves a/c transactions 110.10
Deposit a/c transactions 0.00
Fundraising a/c transactions 0.01
Balance 41174.71
Bank Reconciliation
Current Account - closing 32366.85
less o/s cheques 0.00
Fund Raising Account - closing 0.03
Reserves Account - closing 8807.83
Deposit Account - closing 0.00
Balance 41174.71
Difference 0.00
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MARTIN THOMAS & CO Incorporating IIELPING I IAN'D SI-.RVICES 3 ￿lOOds(0Ck Road, Sitiingboun)e, Kciil MEIO 4HI-I. Tel: 01795 - 477787 [An￿FaX) Mobile.. 077?1- 612374 ALL W RISE PAN FSCH l im reportirw to the Tfustees of Sw•llow ASsers PI•y8roup Ind Out of School aub on the accounts for the ve¥ ermled 31 M•rth 2024. as set out an the •ttKhed plies. RespettK* Re5pon51bllltles of Trustees ond Examlner. The ch•rtys Iruxees consider that In audlt Is requlred for thls year under Sertlon 4312101 the Ch•rftles kt 1993 (the Act) and that an Independent ex•mlnatlon15 needed. It Is n)y ￿5p￿SIbIlIty. • to examlne the xcounts (under 5ertkni 43 of the A¢tl. to folkmt the procedures lald down In the General Dlrectlons by the Charlty Commlssion (under Sertknn 4317llbl of the Artl, and to state whether p•rtlcular matters have come to my attentlon. ofin My e￿MInatIon was carrled out In accordance wlth General Dlrertlons 8fven by the Charlty C(xnmlsloners. The examlnatbon indudes a fevlew of the ac£ountlni records kept by the th•rlty and a comparison of the accounts presented wlth records. It also Indudes conslder•tlon of any unusual Items or d15dosures In the ac¢ounts, and seeklnl explanatlons from the trustees concemln8 any such matters. The proceduru undertaken do not provkle all the evlderKe that would be requlred In an audtt, and consequently I do not express an ludlt oplnlon on the accounts. te In the course of my examlnation. no matter his come to My attentkjn l. Whkh 8lves me reasonable cause to belle¥e thaL In any m*ertal respe¢ the trustees have not met the requirements to ensure that.. Proper accounting records are kept (ln accordance wtth 5edlon 41 If the Act): and Accounts are prepared whkh a8ree with the accountln8 records and compty with the accountin8 requlrements ofthe Act. 2. To whlth, In my opinion. attention should be drawn In order to obtaln a proper understèndln8 of the accounts to be ￿athed. Si8ned Date °W&c( 2c prietor.. Martin Thomas E Mail. martin@maTtinthomasa¢countant.co.uk Accounts, Taxation, Computers, Payroll, MDT & Auto Enrolment