2024-08-31-accounts

Cholrm*n report t lilis been a producrive hnanclal YL4ar at Sunbeam5 pre-school. We have liad a contlriued IICTei75Li In chlld nuii)beTS Jttendin8, Inore than likely due to incfeased movL4ment Irito thL rea a5 well as more Pci¥enls taking up the 15 or 30 hoLtrs funding. Our body of 51aff has changed Somewhat, but continues lo glow. We had originally taken on Ikkl Snilth as bank 51aff and she has contt.nued to prove hersell lo be a more than capable '.h)ember ol the team. Th15 resulted In us offering her a permanent contract in the latter part +)f ihe year. Hannah Irvlne ha5 a150 51epped up massively over the last year and we are . icurrenily looking at building evidence to be able lo class her as a level 3 qualifi'ed member of Staff. Paula Pay conh'nue5 to act as an outstanding depuly manager and has stepped into the breach on a number of occasions to support the Pfe-school manager Lisa. I cannot express enou8h gratitude to the team as a whole. Lisa continues to do an amaiing job to build the reputation of the pre-school and by outstandlng word ol mouth between parents and the community, the numbers of children artending the pfe5chool has conb'nLted lo grow to record levels. This has 311 been backed up by the good Ofsted report that was gained in the last year. The staff all performed amicably, bnd this has l)i8hlighted yet again the strength of the pre-school at present. We also have said goodbye to some Staff. with Karen Moss and Karine Wood having left within the last few years. Recently we have also developed the need for more staff due to Increased need within the setting, in relation to several children with a higher level of need. This ha5 meant that we have appointed Rebecca Bland. originally to be bank staff. but to secure her in post we have offered her a permanent contract. This again is helping to build an even stronger team of childcare profe5siona15 in the North Mundham community as Rebecca will be artending colleEe, as well as working at the pre-school and potentially training to do the level 3 or 6 qualilication. Generally, the pre-school is in 3 strong position. although we need to continue to build the staff body, mainly through the continued advertisement for bank staff to ensure that we have sultable cover when needed. As ever, we have continued to Struggle over the years with recruitt.ng trustees, with myself still acting as chairman/treasurer/secretary. Claire Thompson has just given in her notice as a trustee. We thank her for the years of 5UPPOrt with regard to the preschool. We desperately continue to try to encourage other members of the preschool to be involved and become trustees and now are looking into updating our constitution to enable u5 to recruit some trustees more easily. lastly with regard to fltndraising, as will be commented on in the treasurer section, our finances remain positive and we will continue to take part in community fundraisin& acting to run stalls durin8 the North Mundham Gala.

Our turnover for this last financial year has increased, which is mainly due to increase in child numbers/hour5 and an increase in parents able to claim West Su55ex County Council 15 or 30 early years funding. Our reserve bank actount is well established, continuing to earn interest, substantially more than the previou5 year- 2023-24. This 15 in place to ensure we have enough resources to cover reduced child numbers or potentr.al stuff redundancies. Expenditure on Staff training was down compared to the previous financial year. ofsted did raise availability of staff training as a point for development and we will continue to encourage staff to take up trainin8 on offer. Wages and salaries has gone up a little in the last linancial year, mainly due to hourly rate increases associated with UK increases to the minimum wage and passing on this benefit to more experienced staff. Thi5 will continue to increase over the years as minimum wage increases and potentially more staff are working more hours over the week. Administration tosts have stayed fairly constant compared to the previous year, although I would expect these to be larger for the next financial year as c05t of living bills continue to rise. Finances spent on consumables, mainly new resources etc did drop a little in comparison to the previou5 financial year. This is very variable, and will no doubt increase for the next financial year a5 we are updabng and replacing some key child resources. Other Costs have risen for this last year, mainly relatinB to offering more trip or in house achvities to further develop the children's early year5. experience. Printing and stationary costs have increased again on from the last financial year. This agèin is attribuled to increased cost5 from supplier5. The rent costs a550ciated with renting the annexe from North Mundham Village Hall have also increased a lot for this year. on paper. Although this is mainly due to billing for the rent being received less frequently over this fi'nancial year, meaning less payments were made out in the year 2023-2024. Overall, our profit is down compared to last year. but this still puts us in a good position for the years ahead, as staffing, administration and consumables costs continue to rise. The main bank balance has more than sufficient funds accumulated over the last 3 fi.nancial years. mainly due to reduced staffing costs as Sunbeams now runs at or just above ratio for staffing compared to child number5. We will continue to invest in the preschools resource5 nd staff training, a5 well as considering how Sunbeams can help other similar in5titLJtes in -the West Su55ex area.

Manager comments- In October last year, we had our Of5ted inspection and achieved a -good" in all areas. Credit ha5 to go to the staff that shone through on the day and showed their incredible professiona115m. We are very busy at the moment with 30 children on roll, 3 of whom are SEN. This has in itself presented some staffing challenges, and some staff members which have not worked out for one reason or another. However, we have now taken on Becca who has started in the last few weeks and l am confident that we have now made the right choices. This ha5 also meant I have been able to come out of numbers a bit and catch up on paperwork. This term we are looking forward to sports day, graduation and our end of term partv. However. it will be met by some sadne55 this year 35 we See off 20 of our 30 cohort to "big" School, and will be 5tarhng tran51hon after the half term break. We have a few new starters already for September, however we will be quiet for at least the hrst month coming back. So, thank you to Paula, Hannah, Viki and Becca who Continue to support the pre-school and give their all on a daily basis. And also thank you to our chairman, Alex, who conttnues to give his time on a voluntary basis.

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Sunbeams Pre-School (North Mundham)

Unaudited Financial Statements for the Year ended 31 August 2024

Sunbeams Pre-School (North Mundham)

Contents of the Financial Statements

Business Information 2 Profit and Loss Account 3 Balance Sheet 4 Detailed Profit and Loss Account 5

1

Sunbeams Pre-School (North Mundham)

Business Information for the year from 1 September 2023 to 31 August 2024

Proprietor

Mr Alex Read

Address The Pavillion School Lane North Mundham Chichester PO20 1QH Accountant KSL Accountants & Business Advisors 9 Vinnetrow Business Park Vinnetrow Road Chichester West Sussex PO20 1QH

2

Sunbeams Pre-School (North Mundham)

Profit and Loss Account

2024 £ Turnover 97,774 Other income 326 Staff costs (59,255) Depreciation and other amounts written off assets (1,962) Other Charges (30,689) Profit for the year 6,194 for the year from 1 September 2023 to 31 August 2024 Draft	2024 £ Turnover 97,774 Other income 326 Staff costs (59,255) Depreciation and other amounts written off assets (1,962) Other Charges (30,689) Profit for the year 6,194 for the year from 1 September 2023 to 31 August 2024 Draft	2023 £ 90,534 87 (56,595) (1,962) (19,532)
	6,194	12,532

3

Sunbeams Pre-School (North Mundham)

Balance Sheet as at

31 August 2024

2024 £ 2023 £ Fixed Assets 596 2,559 Current Assets 86,022 75,684 Creditors amounts falling due within one year (7,302) (4,923) Net current assets (liabilities) 78,720 70,761 Total assets less current liabilities 79,316 73,320 Accruals and deferred income (240) (438) Net assets (liabilities) 79,076 72,882 Capital and reserves 79,076 72,882 These financial statements have been prepared in accordance with UK Generally Accepted Accounting Principles. They were approved on 13 May 2025 by: Mr Alex Read Proprietor Draft	2024 £ 596 86,022 (7,302)	2023 £ 2,559 75,684 (4,923)
	78,720	70,761
	79,316 (240)	73,320 (438)
	79,076	72,882
	79,076	72,882

4

Sunbeams Pre-School (North Mundham)

2024 £ Turnover Fees 97,774 97,774 Other Operating Income Bank Interest Received 326 326 Staff Costs Staff Training 84 Wages and Salaries 59,171 59,255 Depreciation, amortisation and impairment expense Depreciation on Classroom Equipment 1,962 1,962 Other charges Administration 2,915 Consumables 4,145 Other 3,245 Printing and Stationery 423 Rent 19,961 30,689 Profit for the year Net Profit 6,194 6,194 Detailed Profit and Loss Account for the year from 1 September 2023 to 31 August 2024 Draft	2024 £ Turnover Fees 97,774 97,774 Other Operating Income Bank Interest Received 326 326 Staff Costs Staff Training 84 Wages and Salaries 59,171 59,255 Depreciation, amortisation and impairment expense Depreciation on Classroom Equipment 1,962 1,962 Other charges Administration 2,915 Consumables 4,145 Other 3,245 Printing and Stationery 423 Rent 19,961 30,689 Profit for the year Net Profit 6,194 6,194 Detailed Profit and Loss Account for the year from 1 September 2023 to 31 August 2024 Draft	2023 £ 90,534
	97,774 326	90,534 87
	326 84 59,171	87 465 56,130
	59,255 1,962	56,595 1,962
	1,962 2,915 4,145 3,245 423 19,961	1,962 3,013 6,170 2,427 167 7,755
	30,689 6,194	19,532 12,532
	6,194	12,532

5