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2024-08-03-accounts

Queniborough Preschool Partnership – Trustees’ Annual Report:

Period 1[st] August 2023 – 31[st] July 2024

Queniborough Pre-School Partnership, Queniborough Village Hall, Rearsby Road, Queniborough, Leicestershire, LE7 3DH

Ofsted Registration Number: 226290

Registered Charity Number: 1097613

Charitable Trustees

Sarah Merriman (Chairperson) (Appointed 1[st] June 2022)

Robert Geary (Treasurer) (Appointed 1[st] June 2022)

Jacob Shell (Secretary) (Appointed 1st March 2023)

Emma Gough (Appointed 1st March 2023)

Nicola Mansell (Appointed 24[th] April 2020)

Maria McCabe (Appointed May 2024)

Objectives and Activities

Queniborough Preschool Partnership was established in early 1997 through an agreement between Queniborough Preschool and Queniborough School.

Unlike many privately run childcare facilities in business to make a profit for their owners and shareholders, Queniborough Preschool is a registered charity and run by a Voluntary Management Committee of elected parents and residents from the local community. This means any surplus income generated by QPS is reinvested in providing quality childcare for our children rather than paying dividends to shareholders.

We offer term-time sessions between 9 am and 3pm for 2-, 3- and 4-year-olds, focusing on the Early Years Foundation Stage (EYFS), as stipulated by the Local Education Authority.

We operate from Queniborough Village Hall and are registered with Ofsted.

Achievements and Performance

At the start of the new school year, in September 2023, the Committee appointed a new operational manager, who has bought to the preschool a wealth of experience in early years provision, having previously managed a busy 0-5 nursery. Our new manager set about sharing her ideas gained within a commercial setting, which has helped us to grow and develop our sessions further, to include breakfast club which has proved to be highly successful. Some of our children attend this from the earlier start time of 8.30 am, the breakfast club provides an extra opportunity for development and learning. Our breakfast club has attracted new children, bringing families who require the earlier start time and this new facility has also helped to retain children whose parents or carers required longer sessions, furthermore had we not been able to meet

their needs this would have resulted in a detrimental impact on our child numbers by a reduction in attendance.

Our management team has continued our focus on rebuilding child numbers through an initiative-taking approach within the local community, advertising and marketing our preschool at every opportunity with frequent published newsletters within local parish gazettes, leaflet drops and posters. This along with a more visual presence within the local community, due to more outside offsite outings undertaken with the children, has resulted in a higher level of interest from new enquiries, resulting in an increase in child numbers. At the end of the summer 2024 term, we had more children attending than in the previous 2 years and are confident that this trend will continue.

We have also been undertaking more open ‘stay and play ‘sessions to promote the preschool services, which have highlighted our presence within the community even further, and we are focused upon providing an excellent quality of care within the setting and on delivering high calibre educational sessions.

Financial Review

Our financial situation since the reduction in child numbers in early 2022, has been fragile due to the loss of income during this time, our cash reserves have reduced, and we have yet to recover this loss. However, due to the success with increasing child numbers at the preschool, we have been able to minimise our ongoing losses. Our financial sustainability has been further assisted by the financial support from our venue provider, the Queniborough village hall committee, who agreed to a rent reduction during the spring and summer terms. During this period, we have also focused on minimising our costs without compromising the high standards within the setting and we have reviewed our consumables policy which has helped to bring in more income.

As an additional way of improving our revenue we are now looking to attract more children into the setting through offering more session times. In response to requests for more afternoon sessions from parents and carers we are seeking to be able to provide 2 x further afternoon sessions. This will enable us to offer a 5 days per week, 8.30 - 3 pm, early years educational care option to local families, making us more competitive. The extra two afternoon sessions will need to commence at a new setting within the village and we are currently in discussions with a new venue hirer and Ofsted to seek the required authorisation to be able to facilitate these sessions. It is our aim to begin to be able to offer these during our next financial year.

Reserves Policy

It is Preschool policy as advised by the Preschool Learning Alliance to maintain a balance on unrestricted funds of at least 3 months’ operating costs to cover emergency situations that may arise from time to time.

Signed

Sarah Merriman

Robert Geary

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Charity number: 1097613

(England and Wales)

Queniborough Pre School Partnership (Charity)

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 July 2024

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Contents Page For the year ended 31 July 2024

Report of the Trustees 1
Statement of Financial Activities 2
Statement of Financial Position 3
Notes to the Financial Statements 4 to 6
Detailed Statements of Financial Activities 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Report of the Trustees

For the year ended 31 July 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 July 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Queniborough Pre School Partnership (Charity) Charity registration number 1097613 Principal address Village Hall Rearsby Road Queniborough Leicestershire LE7 3DH

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Robert Geary Rachael Misiuda Felicity Mount Sarah Merriman Independent examiners C & K Accountancy and Taxation Services Unit 1 Brook Park Gaddesby Lane Rearsby Leicestershire LE7 4ZB

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 13 January 2025
Robert Geary

1 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Statement of Financial Activities (including Income and Expenditure account) For the year ended 31 July 2024

Notes Unrestricted 2023
funds
£ £
Income and endowments from:
Donations and legacies 2 72,000 38,062
Other trading activites 3 26,511 29,053
Investments 4 152 20
Total 98,663 67,135
Expenditure on:
Raising funds 5 (83,412) (84,001)
Total (83,412) (84,001)
Net income/expenditure 15,251 (16,866)
Reconciliation of funds
Total funds brought forward 33,700 50,566
Total funds carried forward 48,951 33,700

2 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Statement of Financial Position

As at 31 July 2024

Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 49,431 34,180
49,431 34,180
Creditors: amounts falling due within one year 8 (480) (480)
Net current assets 48,951 33,700
Total assets less current liabilities 48,951 33,700
Net assets 48,951 33,700
The funds of the charity
Unrestricted income funds 9 48,951 33,700
Total funds 48,951 33,700

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Robert Geary Trustee

13 January 2025

3 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Notes to the Financial Statements

For the year ended 31 July 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Queniborough Pre School Partnership (Charity) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Income from donations and legacies

Unrestricted funds
Donations received
ncome earned from other activities
Unrestricted funds
Fund raising events
nvestment income
Unrestricted funds
Bank interest receivable
xpenditure on other trading activities
Unrestricted funds
Fund raising events		 2024
£
72,000
2024
£
26,511
26,511
2024
£
152
152
2024
£
83,412
83,412		 2023
£
38,062
38,062
2023
£
29,053
29,053
2023
£
20
20
2023
£
84,001
84,001

3. Income earned from other activities

4. Investment income

5. Expenditure on other trading activities

4 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Notes to the Financial Statements Continued

For the year ended 31 July 2024

6. Staff costs and emoluments

Total staff costs for the year ended 31 July 2024 were:

Salaries and wages
Pre School Staff		 2024
£
70,101
70,101
2024
6
6		 2023
£
67,794
67,794
2023
8
8

7. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

8. Creditors: amounts falling due within one year

Accruals and deferred income 2024
£
480
480		 2023
£
480
480

9. Movement in funds

Unrestricted Funds

Unrestricted Funds
Balance at Incoming Outgoing Balance at
01/08/2023 resources resources 31/07/2024
£ £ £ £
General
General 33,700 98,663 (83,412) 48,951
33,700 98,663 (83,412) 48,951

5 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Notes to the Financial Statements Continued For the year ended 31 July 2024

Unrestricted Funds - Previous year

Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/08/2022 resources resources 31/07/2023
£ £ £ £
General
General 50,566 67,135 (84,001) 33,700
50,566 67,135 (84,001) 33,700

Purpose of unrestricted Funds

General

We provide sessional day care for children who live in the village and surrounding villages.

10. Analysis of net assets between funds

Unrestricted funds
General
General
Previous year
Unrestricted funds
General
General		 Net current
assets /
(liabilities)
Net Assets
£
£
48,951
48,951
48,951
48,951
Net current
assets /
(liabilities)
Net Assets
£
£
33,700
33,700
33,700
33,700

6 of 7

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Queniborough Pre School Partnership (Charity) Detailed Statement of Financial Activities

For the year ended 31 July 2024

INCOME AND ENDOWMENT
Donations and legacies
Fees - Funding
Other trading activities
Fund raising events
Fees - Pupils
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Other trading activities
Staff costs - wages & salaries
Rent
Purchases & Consumables
Training & DBS
Administration
Website
Insurance
Total resources expended
Net Income		 £
2024
72,000
72,000
1,401
25,110
26,511
152
152
98,663
(70,101)
(6,541)
(2,933)
(479)
(2,571)
(275)
(512)
(83,412)
(83,412)
15,251		 £
2023
38,062
38,062
837
28,216
29,053
20
20
67,135
(67,794)
(8,801)
(3,862)
(801)
(2,027)
(254)
(462)
(84,001)
(84,001)
(16,866)

7 of 7 This page does not form part of the statutory financial statements

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees
On accounts for the year
ended
Set out on pages		 Queniborough Pre School Partnership (Charity) Queniborough Pre School Partnership (Charity) Queniborough Pre School Partnership (Charity)
31/07/2024 Charity no
(if any)		 1097613
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 07 / 2024.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives 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.

Date: 13/01/2025

Signed: Name: Abigail Callington Relevant professional MAAT qualification(s) or body (if any): Address: 1 Brook Park, Gaddesby Lane Rearsby, Leicestershire

Oct 2018

1

IER

Docusign Envelope ID: 4D3F0496-0FF7-4648-8788-F18F0A5B5E72

LE7 4ZB

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of N/A any items that the examiner wishes to disclose .

Oct 2018

2

IER