2024-08-31-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 2024

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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 ................................................................................................................... 7 DECLARATION ..................................................................................................................................... 7 INDEPENDENT EXAMINER’S REPORT ...................................................................................................... 8 RESPONSIBILITIES AND BASIS OF THE REPORT ................................................................................... 8 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 2024

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 2023/24) (if during 2023/24)
Hannah Redman Chair
Rob Harris Vice Chair
Nicky Freemantle Secretary
Tim Eldridge Treasurer
Lizzie Stone 19/12/2023
Emma Olorenshaw 02/04/2024
Charlotte Gage
Lilian McKie 17/10/2023
Darlene Davies 21/05/2024
Daniella Lovejoy 21/05/2024
----- 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

Overview:

There was a deficit after fundraising of £8,600 compared to a deficit of £19,708 in 2022/23. This shift is mainly due to increased fundraising, slightly higher child numbers, additional grant income and less grant expenditure compared to the previous year. The deficit itself is due to the 1[st] autumn funding payment arriving a day early (i.e. in the previous year).

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 remained the same at £6.25 per hour, 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 31 (28 in 2022/23), with 37 at the end of Summer term.
Direct Costs:
The total direct costs fell from £108,381 in 2022/23 to £104,747 in 2023/24. The Preschool’s main costs are staff costs and rent. This year staff costs increased by £1,584, mainly due to wage increases to align with the National Living Wage increase (around 9.7%). The rent cost was £13,174, compared to £12,277 last year due to an increase in hourly rate.
Grants

The Committee successfully applied for the Spoore, Merry and Rixman grant of £1,350 and the Marsh Meadow Trust grant of £750 in 2023/24, both to be used for resources for the children. These were both received in the summer term and will be carried forward and spent in 2024/25.

Fundraising:
Fundraising is an essential part of the Preschool’s income and has served to reduce the final deficit by £3,520 which is £1,956 more than 2022/23. This increase is due to a £1,000 donation from GR.IT Consultancy, as well as a very successful summer fair which raised £983. Other notable fundraising events include the “Teddy toddle” sponsored event which raised £386, a mini Christmas fair which raised £388 a popup shop of donated household goods which raised £203. There were also £180 in parental contributions, which is similar to last year. Funds are used to supplement the Preschool’s main direct costs including salaries, rent, and the purchase of new equipment and resources.
New Equipment:

The Preschool spent £2,728 during the year on equipment and resources, compared to £6,750 in 2022/24, mostly due to higher utilisation of grants last year for big purchases. The spending this year included £947 on play resources, £527 on sand and water play, £318 on arts and crafts, £304 on learning resources and £148 on outdoor play resources. These were partly funded by the Early Years Pupil Premium and partly by grants carried forward from 2022/23.

Payments to Trustees:

The following trustees were paid as part of their employment at Little Fishes:

a. Lilian McKie as Preschool Manager
b. Charlotte Gage as Business Manager
c. Darlene Davies as Deputy Preschool manager
d. Daniella Lovejoy as Practitioner

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 (£180). Deposits held relating to children who had not yet started totalled £100.

Children’s Entertainment:

In the summer term, Hartbeeps visited the Preschool to provide parties for the children, at a cost of £100.

Accounting Policies:

The Accounts have been prepared under the historical cost convention, in accordance with:

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REGISTERED CHARITY N[O] : 1070343

ST PETERS FURZE PLATT LITTLE FISHES PRESCHOOL

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 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 for the year, with 1 fixed term contract employee joining during the summer term to cover maternity leave.

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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 Lilian McKie (Preschool Manager), Darlene Davies (Deputy Manager), and to Charlotte Gage (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 administrator, Iris Yui, and the wider team 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. 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 and donations which were invaluable this year:

GR.IT Consultancy for their generous donation of £1000 as well as their time and services
The Little Nook Gift Shop in Bourton-on-the-water for donation of their stock, which made us just over £200
Marsh Meadows trust for the £750 grant
The Spoore, Merry and Rixman Foundation for the £1350 grant

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	2024	2024	2024
		Income and Expenditure Account

			*FY 23/24* Cash Accounting 1 Sep 23 to 31 Aug 24			*FY 22/23* Cash Accounting 1 Sep 22 to 31 Aug 23


				£	£		£	£
Di	rect Income
	RBWM funding			84,238.08			79,852.29
	Session Fees			6,768.91			8,823.45
	Deposits			100.00			-
	Grants		Note 4	2,100.00			500.00
	Bank Interest			436.59			112.37
	Total Receipts				93,643.58			89,288.11

Di	rect Costs
	StaffCosts			(85,216.92)			(83,633.21)
	Agency Worker Costs			-			(1,476.32)
	Rent			(13,173.75)			(12,276.55)
	ProfessionalServices&Subscriptions			(1,566.96)			(1,101.53)
	Arts & Crafts, Cooking			-			(201.01)
	SchoolEquipment & Resources		Note 3	(2,727.65)			(6,749.57)
	Telephone & Internet			(615.61)			(431.73)
	Admin & Stationery			(9.99)			(329.80)
	ITSoftware & Consumables			(384.91)			(367.91)
	Marketing			(98.80)			(326.32)
	Recruitment			-			(960.18)
	Staff Training			(652.56)			(359.62)
	StaffUniform			(300.00)			(167.11)
	Total Direct Costs				(104,747.15)			(108,380.86)

Co	ntribution of Fees to Overheads				(11,103.57)			(19,092.75)

Ov	erheads
	Refreshments, Consumables & Cleaning			(517.56)			(695.26)
	ChildrensEntertainment, Trips & Gifts			(137.54)			(350.83)
	IT Hardware			-			(297.60)
	Staff & Committee Gifts,Outings			(119.99)			(176.04)
	Miscellaneous			-			-
	Petty Cash		Note 5	(240.86)			(659.57)
	Total Overheads				(1,015.95)			(2,179.30)

Surplus / (Deficit) before Fundraising					(12,119.52)			(21,272.05)

Fundraising
	FundraisingIncome			4,548.60			1,962.30
	Fundraising Expenditure			(1,028.97)			(398.52)
	Total Net Fundraising		Note 2		3,519.63			1,563.78

Surplus / (Deficit) after Fundraising					(8,599.89)			(19,708.27)



	Balance b/f		Note 1	68,274.66			87,982.93

	CurrentAccount c/f			27,394.38			36,430.86
	Savings Account c/f			32,280.39			31,843.80
	Balance c/f			59,674.77			68,274.66

					(8,599.89)			(19,708.27)

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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 2024	Financial Statement for the Year Ended 31 August 2024	Financial Statement for the Year Ended 31 August 2024	Financial Statement for the Year Ended 31 August 2024
		Notes to the Income and Expenditure Account

No	*te 1: Cash & Bank Balance*		1 Sep 24 31 Aug 24 Movement
	Barclays Current Account		36,430.86	27,394.38
	Barclays Savings Account		31,843.80	32,280.39
	Total Balance Per Cashbook		68,274.66	59,674.77	(8,599.89)

No	*te 2: Fundraising*		Income Expenditure Net
	AmazonSmile		-	-	-
	Bags2School		96.80	-	96.80
	Charitable Donation		1,000.00	-	1,000.00
	Christmas Cards		22.00	-	22.00
	ChristmasDecorations		-	-	-
	Christmas Fair/Raffle/Auction		673.20	(280.00)	393.20
	Church Services (Harvest, Nativity, Easter)		38.50	(30.00)	8.50
	Easter EggTrail/Easter Raffle		162.40	(60.00)	102.40
	EasyFundraising		22.76	-	22.76
	Gift Aid		-	-	-
	Ice Cream sales		-	-	-
	Parental Contribution		180.00	-	180.00
	Popup shop		242.90	(40.00)	202.90
	Pre-School Uniform & Bags		18.00	-	18.00
	School Photograph		-	-	-
	Scoot-athon/ Sports day		91.60	(40.15)	51.45
	Smartie Tubes		67.65	(15.30)	52.35
	Summer Fair/Raffle/Auction		1,546.79	(563.52)	983.27
	T Towel		-	-	-
	TeddyToddle		386.00	-	386.00

	Total Net Fundraising		4,548.60	(1,028.97)	3,519.63

No	*te 3: School Equipment & Resources*		Expenditure
	4 tier wooden rack		12
	Arts andCrafts		318.2
	Changing mat		27.85
	First Aid		71.35
	Gazebo		79.99
	Learningresources		304.2
	Office resources		128.12
	Play resources		946.92
	Sensoryresources		43.47
	Outdoorplayresources		148.19
	Indoor Climbing Frame		119.99
	Sand and water play		527.37

	Total School Equipment & Resources		2,727.65

No	*te 4: Grant Expenditure*		B/F Received Utilised			Remaining
	RBWM 2yrGrant		5,000.00	-		5,000.00
	Marsh Meadows Trust		43.89	750.00	-	750.00
	Spoore,Merryand Rixman		-	1,350.00	-	793.89
	Total Grant Expenditure		5,043.89	2,100.00	-	6,543.89



No	*te 5: Petty Cash*		Starting Movement Retained
	PettyCash Float		340.00
	Milk Rebate			-
	Snack			76.79
	Admin/Postage/Stationery			14.60
	Arts / Crafts /Equipment			107.59
	Refreshments / Consumables			30.38
	Staff Presents			-
	Fundraising			-
	Miscellaneous			11.50
	Total Petty Cash		340.00	(240.86)	99.14

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OpenCharities

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

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