Trustees Annual Report for the period : 1st August 2022 to 31stJuly 2023 PK Preschool Charity number : 1048334
Jubilee Hut, Whitmore Vale Road, Hindhead Surrey GU26 6LU Tel No: 01428 602970 Trustees:
Erika Hughes (Sec) Richard Lyon (Treasurer) Carol Houghton (Nursery Manager) Laura Parker (Chair) Claire Jenkins Stephanie Owen (Vice Chair) Kelly Mowatt Andy Copeland Laura Nicholls Rachel James Rachel North Emma Reeves
Structure, Governance and Management.
Pk Preschool is run under the Preschool Learning Alliance model ‘preschool constitution 2011’ The committee is voted on at the AGM each year and all members are registered as trustees. The organisational structure of the charity is divided into 3 sub-committees in which the members of the committee will sit on at least one of these:
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Finance/ Staffing and Resources
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Fundraising
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Quality of Learning
The members of staff during this period were Carol Houghton, Diane Husband, Julie Oliver, Anne Aitken, Cheryl Stafford-Jones, Jackie Aldridge and Alison Foulds.
Our Objectives and Activities
It is our policy to afford and provide children with a safe and stimulating environment at PKs. whilst in our setting the children are treated with patience, kindness and courtesy. Each child’s individuality will be respected and cherished.
We provide age appropriate play activities for the children in our care to promote, achieve and progress in their age and stage of development in all areas within the Early Years Foundation Stage curriculum. It is our aim that children will learn that acquiring skills and knowledge is fun. It is our policy to do this in close conjunction with parents and carers who are a welcome, necessary and integral part of our group.
Achievements and Performance
We have successfully transitioned 24 leavers to 3 different schools in July 2023
PK Pre-School Accounts 2022-2023
| Year ending | Year ending | ||||
|---|---|---|---|---|---|
| 31-Jul-22 | 31-Jul-23 | ||||
| £ | £ | ||||
| Receipts | |||||
| Fees - funded | 48486 | 75051 | |||
| - non funded | 32626 | 81112 | 17192 | 92243 | |
| Fundraising | 8819 | 6925 | |||
| Donatons | 2137 | 6355 | |||
| Grants - Local Govt | 135 | 3784 | |||
| Bank Interest | 285 | 496 | |||
| Total Receipts | 92488 | 109803 | |||
| Payments | |||||
| Employment costs | 79459 | 80820 | |||
| Rent | 0 | 2353 | |||
| Insurance, Registratons, Subs | 917 | 838 | |||
| Equipment & Materials | 3775 | 4283 | |||
| Repairs & Maintenance | 0 | 8055 | |||
| IT | 53 | 813 | |||
| Bank Charges | 173 | 107 | |||
| Fundraising expenses | 1775 | 1732 | |||
| Training | 169 | 81 | |||
| First Aid & Cleaning | 507 | 1459 | |||
| Communicatons | 839 | 909 | |||
| Actvites | 16 | 70 | |||
| Misc small expenses | 545 | 293 | |||
| Total Payments | 88228 | 101813 |
| As at | As at | |||
|---|---|---|---|---|
| 31-Jul-22 | 31-Jul-23 | |||
| £ | £ | |||
| Assets | ||||
| Cash funds - Bank current a/c | 38336 | 25838 | ||
| - Bank savings a/c | 0 | 38336 | 20000 | 45838 |
| Investments - Mature June 2023 | 30285 | |||
| Investments - Mature June 2024 | 30773 | |||
| Total Assets | 68621 | 76611 | ||
| Liabilites | ||||
| Rent Due | 4000 | 1200 | ||
| HMRC Tax and NI | 0 | 0 | ||
| Total Liabilites | 4000 | 1200 | ||
| NET ASSETS | 64621 | 75411 |
Notes to Accounts
Statement of assets and liabilities
Funds held with a maturity in excess of 3 months are reported as investments A liability of an estimated £1200 is recorded to cover current first half year rent due but not invoiced.
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to th• trust•es 2JJfL On accounts for the year ended Charity n (if any) IOL¥É33LV Set out on pages I report to the trustees on my examinatson of the accounts of the above chanty {'the Trusf) for the year ended As the charity's trustees, you are responsible for the preparation of the accounts in accordan¢2 with the requirements of the Charitses Act 2011 ('the Acf). Responsibilities and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the A Indopend•nt •xamln•rfs stst•m•nt rrhe charity's gross income exLwded £250,000 and l am qualified to undertake the examination by being a qualified member of [insert name of applicable listed bodyll. Delete [ ] rf not applicable. I have completed my examination. I confimi that no material matters have come to my attention in nneCtiOn with the examinabon (other than that disdosed below I which give8 me c2use to believe that in, any material respecL . the accounb'ng records were not kept in accordance with section 130 of the Charities Art or • the accounts did not accord with the accounts.ng records; or . the accounts did not comply with the appll(xble requirements conceming the forni and content of account8 set out in the Charities (Accounts and Reports) Regulat'ons 2008 other than any requirement that the aco)unts give a true and fair, view which 18 not a matter considered as part of an independent examination. I have no conc£ms and have cx)me auoss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to b8 reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: Relevant prof•sslonal qualification(s) or body (If any)- https=Ila$sets.publishtThg.service.9ov.uklmedial640717aSe90_.late_SORP FRS_102 non-cofflpany_OcL2018 1 2_.doc 2110512024, 14:43 Page1of2
Address: Only mPlete if the examiner needs to highlight material matters of concem (see CC32, Independent examinab.on of charity accounts: direth.ons and guidance for examiners). Glv• here brf•f detslls of any items that th• examiner wlshos to disclos•. https:Ilassets.publishing.g•rvi¢e.gov.uklm8dial640717a5e90_.late_SORP FRS_102 non-eompany_Oct_2018 1u_.doc 21105120?4, 14:43 Page2of2
Financial Review 202213 During the finanaal year. PK School generated receipts of £109,800 and with payments of£101,800 cash held increased by £8000 to £76,600. A liability of £1200 has been raised in the balance sheet to reflect an estimate of rent due but still to be invoi(xl by the landlord. Fee income increased by £11,100 (13.7 % ) on the previous year to £92,200, although there was a signfficant thange in the mix of HCC fvnded to private fees, the former increasing from 60 % in 2021r2 to 810/0 in 202213. A thanging mix of funded and private fees is to be exp8ded and refieds the age profile, intske and progression of thildren through the sch1. Net Fundraising and donations totalled £11,5(X) and Lx)ntinue to form a (yitical part of Sthool income. The mmitment and generosty of parents and 8UPPOrters allow the school to operate at around break-even levels and fvnd expenditure on equipment and materials. Employment Costs totalled £80,800, 79Yo of total expenditure. These costs rose only 81ighty on the previous year and increases in wage rates were broadly (x)unterbalanced by the salaried head taking on additional direct teaching hours. Essential maintenance of facilrties was undertaken during the year, approximately 50% of which was covered by a local govemment grant to our landlord arKI Subsequently transferred to PK as tenanL As at the end of the financial year, 31 Juty 2023, totsl assets of PK were £76,600, £25,8(K) of which is aSSIble instantty, £20,000 within 32 days and £30,800 in a 1-year fixed investment maturing in June 2024. In summary, School reserves remain healthy. Future perfomiance will be dependent upon the relative changes in hourly fee rate8 from Hampshire County Council, ststutory wage rates and any changes to the VAT regime on private school fees.