2023-08-31-accounts

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

TRUSTEES ANNUAL REPORT .................................................................................................................... 3 LEGAL & ADMINISTRATIVE .................................................................................................................. 3 REVIEW OF THE FINANCIAL AFFAIRS AND ACTIVITIES ........................................................................ 4 THANKS ............................................................................................................................................... 6 INDEPENDENT EXAMINER ................................................................................................................... 6 DECLARATION ..................................................................................................................................... 7 INDEPENDENT EXAMINER’S REPORT ...................................................................................................... 8 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES & EXAMINER ........................................................ 8 BASIS OF THE INDEPENDENT EXAMINER’S REPORT ............................ Error! Bookmark not defined. INDEPENDENT EXAMINERS STATEMENT ............................................................................................ 8 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................... 9 NOTES TO THE INCOME AND EXPENDITURE ACCOUNT ....................................................................... 10

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

LEGAL & ADMINISTRATIVE

TradingName:	The charitytrades under the abbreviation Little Fishes Preschool
CharityNumber:	1070343
Principal Address:	Furze Platt War Memorial Hall, 75 Furze Platt Road, Maidenhead, Berkshire,SL6 7NG(at 31 August 2023)
Trading Address:	Furze Platt War Memorial Hall, 75 Furze Platt Road, Maidenhead, Berkshire,SL6 7NG

TABLE OF TRUSTEES:

----- Start of picture text -----
DATE APPOINTED DATE RESIGNED
NAME OFFICE
(if during 2022/23) (if during 2022/23)
Hannah Redman Chair
Rob Harris Vice Chair
Nicky Freemantle Secretary
Louise Axford 26/09/2022
Tim Eldridge Treasurer
Rebecca Humphreys 26/05/2023
Lizzie Stone
Emma Olorenshaw
Charlotte Gage 11/07/2023
----- End of picture text -----

GOVERNING DOCUMENT:

The Charity is governed by the procedures laid down in its Constitution. This was initially adopted on 13 May 1998. Amendments have been made and approved by the Preschool Committee and Parochial Church Council, at the AGMs held on 5 May 2010 and 17 October 2017.

OBJECTIVES OF THE CHARITY:

To enhance the development and education of children under statutory school age, primarily within the parish of Furze Platt.
To promote and encourage Christian and British Values.

STRUCTURE AND MANAGEMENT:

The charity is run by a management committee of voluntary trustees who receive no remuneration or benefits for the work they undertake in managing the Preschool. The Trustees are mostly drawn from parents of children who attend or have attended the Preschool in the recent past.

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

REVIEW OF THE FINANCIAL AFFAIRS AND ACTIVITIES

1. Overview:

There was a deficit after fundraising of £19,708 compared to a surplus of £27,354 in 2021/22. This change is mostly due much lower child numbers, significantly less fundraising and a difference in dates for when RBWM funding payments have landed compared to the previous year.

Grants
The Committee successfully applied for the Marsh Meadow Trust grant in 2022/23 of £500, to be used for resources for the children.
Fundraising:
Fundraising is an essential part of the Preschool’s income and has served to reduce the final deficit by £1,564 which is £2,439 less than 2021/22. This drop is mainly due to a lack of volunteers for the fundraising team, meaning we were unable to run a Christmas fair and instead of the usual summer fair we had a summer household goods popup shop which raised £306. Parental contributions fell by £583 to £185, but there was a gift aid claim of £391 which had been deferred from the previous year. The only other notable fundraising activity is coffee and cake sales at the Harvest, Nativity and Easter services, raising a total of £89. Funds are used to supplement the Preschool’s main direct costs including salaries, rent, and the purchase of new equipment and resources.
Direct Income:
RBWM continue to provide most of the income to the Preschool based on predetermined Government funding rates. In addition to this funding, parents pay session fees for those children who are not eligible for funding due to their age or additional hours attended. The session fees payable by parents were increased to £6.25 per hour from October half term onwards, with each session lasting 3.75 hours. Four sessions a week enable all children to achieve their full 15-hour entitlement from the Government. Average pupil NOR (numbers on roll) for the year were 28 (35 in 2021/22), with 32 at the end of Summer term.
Direct Costs:

The total direct costs rose from £95,600 in 2021/22 to £108,381 in 2022/23. The Preschool’s main costs are staff costs and rent. This year staff costs increased by £5,583, mainly due to wage increases to align with the National Living Wage increase (around 9.7%) and agency costs of £1476 to cover staff sickness. The rent cost was £12,277, compared to £11,369 last year due to an increase in hourly rate.

New Equipment:

The Preschool spent £6,750 during the year on play equipment for the children, compared to £2,012 in 2021/22, mainly due to additional spending to finish utilising grants carried over from previous years. This included a new outdoor mud kitchen, a water wall, a chalkboard table and multi-cultural play dolls. These were partly funded by the Early Years Pupil Premium and partly by grants carried forward from 2021/22.

Payments to Trustees:

Lizzie Stone, as Preschool Manager, and Rebecca Humphreys and Charlotte Gage, both as Business Managers, have been paid for their employment. No further payments have been made to Trustees during the year.

Deposits:

The Preschool returned all refundable deposits held upon a child’s enrolment. After parental consent, some deposits were retained as a parental contribution (£60). Deposits held relating to children who had not yet started totalled £250.

Children’s Entertainment:

In both autumn and summer terms, Hartbeeps visited the Preschool to provide parties for the children, totalling to £220 for both visits.

Accounting Policies:

The Accounts have been prepared under the historical cost convention, in accordance with: applicable accounting standards; the Statement of Recommended Practice, ‘Accounting and Reporting by Charities’, issued in March 2005; and the Charities Act 2011. The trustees have reviewed

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

the reserves and deemed that they are adequate for cover the event of the closure of the preschool if required.

11. Employees:

There were 7 permanent members of staff employed from September to December and 8 permanent members of staff employed during the rest of the year, after the additional of a new Lunchtime assistant role.

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

THANKS

Thank you as always to the whole of the staff team for all their hard work, dedication, and willingness to do whatever is needed to make Little Fishes the much-loved preschool that it is. This year has continued to be difficult with the additional challenges caused by the change in preschool manager and the team have gone above and beyond to ensure that the pupils could continue their journey at Little Fishes, with their wellbeing always being paramount.

A massive thanks to Elizabeth Stone (Preschool Manager), Sarah Dean (Deputy Manager), and to Rebecca Humphreys (Business Manager), who have showed excellent resilience and commitment in running the Preschool.

We were ably supported throughout the year by the Early Years team from RBWM. We appreciate and thank you for your expertise, experience, and commitment.

Special thanks go to the Hall’s wardens, Stephen Cronbach, his wife Hazel and also Iris Yiu, for all their work in maintaining and refurbishing to provide the best venue for Little Fishes.

St Peter’s Church has remained a close partner of the Preschool. Thanks to Children and Families Minister, Emma Olorenshaw, for her support and providing additional learning to the children. Thank you to Sandy Young in the church office for her assistance, and to the congregation of St Peter’s who continue to support the Preschool.

Little Fishes would like to provide special thanks to the following organisations for their kindness and understanding in providing the Preschool with grants which were invaluable in covering costs this year:

Marsh Meadows Trust provided a grant of £500.
Little Nook Gift Shop in Bourton-on-the-water for all of their household good donations, which made us just over £300.
GR.IT Consultancy for providing their time and services.

Final thanks go to the Committee, parents, and other community stakeholders for their constant support of the Preschool, be it organising or attending fundraising events or promoting the Preschool.

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

INDEPENDENT EXAMINER

The Preschool is required under the Charities Act of 2011 to have an Independent examination of its accounts. This year we owe thanks to Louise Axford for her review of the financial statements.

DECLARATION

The Trustees have approved the report.

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF ST PETER’S FURZE PLATT LITTLE FISHES PRESCHOOL

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the financial year ended 31 August 2023, which are set out on pages 9 to 11.

RESPONSIBILITIES AND BASIS OF THE 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An 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 you as trustees concerning 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 view given by the accounts.

INDEPENDENT EXAMINERS STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act, or;
the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

STATEMENT OF FINANCIAL ACTIVITIES

		Financial Statement for the Year Ended 31 August	Financial Statement for the Year Ended 31 August	Financial Statement for the Year Ended 31 August	Financial Statement for the Year Ended 31 August	2023	2023	2023
		Income and Expenditure Account

			*FY 22/23* Cash Accounting 1 Sep 22 to 31 Aug 23			*FY 21/22* Cash Accounting 1 Sep 21 to 31 Aug 22


				£	£		£	£
Di	rect Income
	RBWM funding			79,852.29			108,633.80
	Session Fees			8,823.45			6,754.69
	Deposits			-			200.00
	Grants		Note 4	500.00			5,750.00
	Bank Interest			112.37			3.16
	Total Receipts				89,288.11			121,341.65

Di	rect Costs
	Staff Costs			(83,633.21)			(78,050.12)
	Agency Worker Costs			(1,476.32)			-
	Rent			(12,276.55)			(11,368.50)
	ProfessionalServices & Subscriptions			(1,101.53)			(702.00)
	Arts & Crafts, Cooking			(201.01)			(217.22)
	School Equipment & Resources		Note 3	(6,749.57)			(2,012.47)
	Telephone & Internet			(431.73)			(447.54)
	Admin& Stationery			(329.80)			(246.38)
	IT Software & Consumables			(367.91)			(235.63)
	Marketing			(326.32)			(372.17)
	Recruitment			(960.18)			(1,494.60)
	Staff Training			(359.62)			(453.82)
	Staff Uniform			(167.11)			-
	Total Direct Costs				(108,380.86)			(95,600.45)

Co	ntribution of Fees to Overheads				(19,092.75)			25,741.20

Ov	erheads
	Refreshments, Consumables & Cleaning			(695.26)			(1,051.85)
	Childrens Entertainment, Trips & Gifts			(350.83)			(460.71)
	IT Hardware			(297.60)			(564.46)
	Staff& Committee Gifts, Outings			(176.04)			(313.00)
	Miscellaneous			-			-
	Petty Cash		Note 5	(659.57)			-
	Total Overheads				(2,179.30)			(2,390.02)

Surplus / (Deficit) before Fundraising					(21,272.05)			23,351.18

Fundraising
	Fundraising Income			1,962.30			5,949.41
	FundraisingExpenditure			(398.52)			(1,947.07)
	Total Net Fundraising		Note 2		1,563.78			4,002.34

Surplus / (Deficit) after Fundraising					(19,708.27)			27,353.52



	Balance b/f		Note 1	87,982.93			60,629.41

	Balance c/f			68,274.66			87,982.93

					(19,708.27)			27,353.52

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

NOTES TO THE INCOME AND EXPENDITURE ACCOUNT

		Financial Statement for the Year Ended 31 August 2023	Financial Statement for the Year Ended 31 August 2023	Financial Statement for the Year Ended 31 August 2023	Financial Statement for the Year Ended 31 August 2023
		Notes to the Income and Expenditure Account

No	*te 1: Cash & Bank Balance*		1 Sep 23 31 Aug 23 Movement
	Barclays CurrentAccount		56,251.50	36,430.86
	Barclays Savings Account		31,731.43	31,843.80
	Total Balance Per Cashbook		87,982.93	68,274.66	(19,708.27)

No	*te 2: Fundraising*		Income Expenditure Net
	Amazon Smile		61.71	-	61.71
	Bags2School		80.60	-	80.60
	CharitableDonation		122.96	-	122.96
	Christmas Cards		-	-	-
	Christmas Decorations		67.50	-	67.50
	ChristmasFair/Raffle/Auction		-	-	-
	ChurchServices (Harvest,Nativity,Easter)		148.61	(60.00)	88.61
	Easter Egg Trail		-	-	-
	Easy Fundraising		133.07	-	133.07
	Gift Aid		391.15	-	391.15
	Ice Creamsales		-	-	-
	Parental Contribution		185.00	-	185.00
	Pre-School Uniform & Bags		257.00	(253.52)	3.48
	School Photograph		47.00	-	47.00
	Scoot-athon		-	-	-
	Smartie Tubes		74.60	-	74.60
	Summer Fair/Raffle/Auction		391.10	(85.00)	306.10
	T Towel		2.00	-	2.00
	Total Net Fundraising		1,962.30	(398.52)	1,563.78

No	*te 3: School Equipment & Resources*		Expenditure

	Water wall		1098
	Large mud kitchen		708.74
	Sandpit & cover		480
	Grass toppednature table and stools		474
	Chalkboard Table		472.48
	5 piece kitchen set		346.5
	Outdoorplayshop		336
	Denand accessories		274.99
	Playresources		251.47
	Pose & Play figures		184.69
	Waterproof mat		145.95
	Table and stand		134.99
	Sensoryitems		132.55
	Gardening resources		131.32
	Muddyfaces tool kit		116.31
	Construction area		114.5
	Multigarage and cars		103.6
	Speed track, garage, hotwheels		93.97
	Walkie Talkies		91.84
	Dryingrack		88.79
	Tufftray and stand		85.98
	Barbie dolls and accessories		80.06
	Melissa and doug work bench		79.99
	Basketball stand & ball		78.21
	Arts and crafts		71.32
	Maths resources		69.75
	Perspex mirror		61.95
	Playsand		56.89
	Musicresources		56.05
	Storage boxes		47.99
	Chalkboard 5 frame		43.19
	RE resources		39.58
	Phoncicsresources		38.42
	Smalltyres and accessories pack		35.99
	Hide and seek play tunnel		32.95
	Heater for office		32
	Books		24.3
	Whiteboards		21.98
	Painting		12.28

	Total School Equipment & Resources		6,749.57

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL


No	*te 4: Grant Expenditure*	B/F Received Utilised Remaining
	Berkshire CommunityFoundation	437.47		437.47	-
	National Lottery Community Fund	214.36		214.36	-
	Spoore MerryRixman Foundation	2,120.66		2,120.66	-
	RBWM 2yrGrant	5,000.00		-	5,000.00
	Marsh Meadows Trust2022	500.00		500.00	-
	Marsh Meadows Trust 2023		500.00	456.11	43.89
	Total Grant Expenditure	8,272.49	500.00	3,728.60	5,043.89



No	*te 5: Petty Cash*	Starting Movement Retained
	Petty Cash Float	1,000.30		224.88
	Milk Rebate		(115.85)
	Milk Expense		98.30
	Admin / Postage / Stationery		31.55
	Arts/Crafts/Equipment		176.89
	Refreshments / Consumables		438.78
	Staff Presents		19.00
	Fundraising		-
	Miscellaneous		9.87
	Donation		1.03
	Total Petty Cash	1,000.30	(659.57)	1,768.90

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ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

REPORT AND UNAUDITED ACCOUNTS

CONTENTS

TRUSTEES ANNUAL REPORT

LEGAL & ADMINISTRATIVE

TABLE OF TRUSTEES:

GOVERNING DOCUMENT:

OBJECTIVES OF THE CHARITY:

STRUCTURE AND MANAGEMENT:

REVIEW OF THE FINANCIAL AFFAIRS AND ACTIVITIES

1. Overview:

11. Employees:

THANKS

INDEPENDENT EXAMINER

DECLARATION

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF ST PETER’S FURZE PLATT LITTLE FISHES PRESCHOOL

RESPONSIBILITIES AND BASIS OF THE REPORT

INDEPENDENT EXAMINERS STATEMENT

STATEMENT OF FINANCIAL ACTIVITIES

NOTES TO THE INCOME AND EXPENDITURE ACCOUNT