Independent report to the trustees of Cobham Community Pre-school I report to the trustees on my examination of the accounts of Cobham Community Pre- st School for the year ended 31 August 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions glven by the Charity Commission under section 145(51{b) of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination, giving me cause to believe that in any material respect. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: 044ocJr _ Qual ification: ICAÉLJ Ac4 Address: Date:
Cobham Community Pre-school Annual report It has been another good year at Cobham Community Pre-school. We finished the year with 34 children on roll and said goodbye to 21 children who left to join primary school. The Preschool has gone from strength to strength. Some improvements to the garden have been made in the last twelve months as a result of a grant received from The Lower Thames Crossing Association and these have been enjoyed by the children. We have continued to offer a wide range of workshops for the children introducing several new providers. In relation to staff, we have said goodbye to Kayleigh who left the preschool and Alena has moved to bank staff. We have welcomed Lisa to the team who is an experienced practitioner whom we are excited to have on board. We have have had a stable year financially and are pleased to finish the year with a small surplus, despite the spending of the remainder of the Lower Thames Crossing grant for which income was recognised in the previous year. Points to note are that,. A changed investment strategy led to an element of our reserves being put into a high interest account, coupled with the strong interest rate position for savings has seen nearly £lk of interest income this year; Although our fees were £5k lower than the previous year, costs have stayed fairly consistent albeit it with a £lk staff cost saving. However, we do ensure that Staff are fairly rewarded in line with the market, and funding rate increases during the last year have not matched staff salary increases meaning that although staff salaries do not appear to have reduced inline with fee reductions, in reality this is distorted by pay-rises. The extension of the Free Entitlement to Early Education to two-year-olds has not had a significant impact on our finances as two-year-olds attend preschool on reduced hours compared to three-year-olds. However it is something we continue to monitor. Overall, we are confident about our future. The strong reserves position give5 us a buffer to deal with expected future financial pressures.
COBHAM COMMUNITY PRE-SCHOOL STATEMENT OF ACCOUNTS FOR YEAR ENDED 31 AUGUST 2024 Current Account Deposit Account Cash Balance brought forward from 31108123 1,867.20 350.00 56,847.67 Income Fees - Parents Fees - KCC Grants Fundraising Transfer Interest 36,053.00 55,034.60 670.00 2,853.40 0.00 0.00 908.23 57,755.90 96,478.20 350.00 Expenditure Wages Rent Cleaning and Maintenance Consumables Equipment Activity Materials Administration Fund raisin8 Training Insurance Memberships and Subscriptions Uniform Allowance Workshops Other 72,358.69 8,103.96 1,256.71 659.47 5,452.89 710.02 1,312.27 537.31 505.50 1,018.57 734.14 182.08 1,835.00 366.86 95,033.47 0.00 0.00 Balance as at 31108124 1,444.73 350.00 57,755.90 Current Cash Deposit Balance at 31108124 1,444.73 350.00 57,755.90 59,550.63 Balance at 31/08/23 59,064.87
COBHAM COMMUNITY PRE-SCHOOL RECEIPTS AND PAYMENTS FOR YEAR ENDED 31 AUGUST 2024 2023124 2022/23 Receipts Fees Fundraising Grants Other Bank Interest 91,087.60 2.853.40 670.00 0.00 908.23 95,519.23 96,017.37 3,154.09 5,550.00 700.00 260.64 105,682.10 Payments Wages Rent Cleaning and Maintenance Consumables Equipment Activity Materials Administration Fundraising Training Insurance Memberships and Subscriptions Uniform Allowance Workshops Other 72,358.69 8,103.96 1,256.71 659.47 5,452.89 710.02 1,312.27 537.31 505.50 1,018.57 734.14 182.08 1,835.00 366.86 95,033.47 73,572.20 7,697.06 1,594.40 621.73 5,426.17 893.36 868.14 406.99 801.15 865.99 896.58 317,80 1,530.00 1,467.31 96,958.88 Surplus during year 485.76 8,723.22 Cash and Bank at 31 August 2023 Surplus 59,064.87 485.76 59,550.63
Cobham Community Preschool Balance Sheet As of August 31, 2024 TOTAL Fixed Asset Total Flxwj A880t Cash at bank and In hand Curr•nl Ac Deposlt Ac Paty Cash Shawbrook LT deposit Total Cash at bank aThl In harKI NET CUFIRENT ASSETS 1,444.73 27,364.30 350.00 30,391.60 £59,550.63 £59,550.63 Creditors.. amounts lalllng due wllhln on• yoar Current Liabilities Payroll Liabililies HMRC Tax Payment Group Nest pension scheme Total Payroll Llablltfj81 Totsl Current Uab11tt198 0.00 0.00 0.00 0.00 £0.00 Totat Cr8dltors: amounts falllng du8 vthln on8 year NET CURRENT ASSETS {LIABILITIESI TOTAL ASSETS LESS CURRENT LIA81LITIES £0.00 £59.FJ50.63 £59W.63 £59,550.63 TOTAL NET ASSETS ILIABILITIESI Charily funds Opening Balance Equlty Retained Eamings SurplusllDelicitl Totd Charlty funds 50.341.85 8.723.22 485.76 £59,550.63