## **Stanton Drew & Pensford Preschool Annual Report: 1[st] September 2021 to 31[st] August 2022 Registered Charity Number: 1055041** ## **The Aims of our Charity** Our charity provides high quality, affordable education and childcare for local families. We offer opportunities for high quality early learning, with lots of outdoor and forest school activities, to children aged between 2 years and 5 years old. We have a strong focus on the needs of the individual and in supporting each child’s development. We are committed to being a fully inclusive setting. We prioritise the wellbeing of staff. We are a voluntary run setting and proud to be a parent/committee led preschool. ## **Summary of Accounts for Financial Year Ended 31[st] August 2022** The accounts for this financial year show a loss of £3,600. All staff were given a pay rise in April 2021, in line with the percentage increase in the National Minimum Wage. This has led to a steep rise in the wages bill. Action will need to be taken in the next financial year to ensure that we break even or make a profit. ## **Current Financial Position** Preschool has a Reserve Fund to cover any situation in which the preschool might have to close, with almost all outstanding liabilities covered by the Fund. We have moved some income from the Reserve Fund over time, to cover the ongoing costs of the move of premises. The total amount required needs to be recalculated and replenished. Our Reserve Funds are in a deposit account to earn interest for the Charity. ## **Our goals from last year** 1. Settle into the new premises and support the new setting leader in settling into the role. Advertising and publicity for preschool at the new premises. _This has been fully achieved and the preschool currently has more children on roll than ever before at this point in the year. Staff have run several fundraising ‘open days’ and fundraising is being done to help us build a new outdoor shelter, which is now in place. The cost of the shelter will fall within next year’s annual accounts._ 2. Preparations for a likely Ofsted inspection due to our having a new registration and a new setting leader. Hold discussions about curriculum and ensure new premises are up to scratch. _Staff continue to discuss curriculum in meetings, work on the new premises is ongoing, as yet there has been no visit from Ofsted but we welcome their visit when it happens._ 3. Encourage parents to return to fundraising efforts and to raise £2,000 annually to ensure preschool is sustainable. _Staff have been working with parents to encourage them to fundraise. This is still ongoing. Given the increase in child numbers, we ask that all parents and carers take on board the need for fundraising efforts to ensure that their setting remains sustainable._ 4. Develop the new forest club area. _Staff have developed and added to the new forest club area and this is going well._ 5. Encourage new parents to join committee. Ensure committee maintains a quorum. _The quorum has been changed by a vote from 5 to 3, meaning we have a full committee. We are encouraging new parents and carers to join at this year’s AGM. The administrative demands of joining committee are onerous for many working parents but it is vital that we have representation from current parents on the committee._ ## **Our goals for this year** 1. Recalculate and replenish Reserve Fund. 2. Continue to invest in the new premises and in staff training. 3. Maintain and build the staff team. Our setting leader Nicky has advised us that she is leaving the setting, so we need to employ her replacement. 4. Encourage new parents and carers to join the committee. Sue Cowley, Chair of Preschool Committee October 2022 4TI.n .01207 3.F812T TS io.>y io •• 31 ToLIl InlthThf T.815 Independent examlner's report to the trustett of sTA1￿)N DREW AND PENSFORD PRE-SCHOOL I report to th• trustees on my examlnation of th• accounts of the St¥nton Drew and Pensford Prfr school for the year ended 31° August 2022. Responslbllltle$ 4nd ba￿$ of report As the charity trustees ol th• Trust you are responslbl• for the pr¢paratSon of th• accounts In accordanc• wlth th• r•qulr•m•nts of th• Charltl•s Act 20111'the Act'l. I r•port In r6sp•ct of my exarnln*tion of th• Tru#'S accounts carrled out under sertlon 145 of the 2011 Act and In carrying out my examlnation I have followed •ll the 4ppliuble Dlrtrtlons ¢lv•n by th• Charlty Commlsslon under s•rtion 1451511bl of the Act. Independent examlnerfs ststemenl I have completed my examination. I conflrrn that no materlal matters have corne to my attentlon In ¢onnertlon with the examination giving m• uu5e to believe that in any materlal respect: l. accountln8 records wern not képt In respèct of th• Trust as requlred by s•¢tion 130 of the Art; or 2. the accounts do not jccord wtth those records: or 3. the a¢¢ounts do not comply wlth the *pplloble requlrements eoncernln£ the forni and content of accounts set out In the Charitles (Accounts and Rtportsl Regulatlons 2CK18 other than any r•qulretment that the accounts 8lve a 'tru¥ and hlr vlew whlch Is not a matt•r n51dered as part of an independent wminatlon. I have no tonc¢ms and have Come across no other rn•tt¢rs In connèction wlth the examinatlon to whlch attentlon should bt drawn In thls report in ordèr to •nable a proper understandln8 of th¢ accounts to be reached. sI￿ed.. Name.. C O'malley R•l•vant profession41 quJlifK4ti¢)n or membership of professional bodies lif any): Address.. The Little Cott•8e, Stanton (￿e￿. Brlstol, 8539 4EW Date: 22nd May 2023