## **The Windmill Preschool**
**(** _**a Company limited by Guarantee**_ **)**
**Charity Number: 1106496 Company Number: 5021469**
## **Report of the Preschool Committee Chair year ending 31 July 2024**
## **Introduction**
2023-24 has been a challenging year for Early Years settings across the country and it has been no different for The Windmill Preschool. The combination of staff turnover, increases in minimum wage and churn of student numbers is difficult to manage but The Windmill has an excellent core of staff who have seen us through.
## **Fundraising, Grants and Donations**
Funding raising opportunities have been limited on larger scales but the staff have done an excellent job of running mini fundraisers all which help massively. Selling ice lollies during the summer term helps to add additional pennies into the pot to help.
As we continue, a separate group of parents who are happy to be involved in regular fund raising would really benefit the preschool to not only allow the preschool finances to be more stable but also to allow for other additional opportunities which can be difficult to always fund.
## **Staffing**
Recruitment for the preschool is a challenge as it is with most Early Years settings but this is not helped by the term time only, pack away setting basis. Whilst the staff are doing extra shifts to be able to manage the continuing growing numbers of students, an elusive Level 3 role, has been offered, accepted and fallen through on numerous occasions proving to be a constant absence
## **Finances**
The finances remain steady helped by the increase in student numbers. Reporting a small loss for the year whilst being watchful of increased costs coming through. Limited fund raising means limited scope for pursuing more exciting expenditure that could happen, whilst at the same time the pre school staff play a huge role in delivering exceptional opportunities for the children within the limited budget that is available.
## **Other Matters**
The preschool committee continue to be exploring the process of changing company structure to a CIO. This has many benefits and follows the move being made by similar Early years settings across the country. This is ongoing into the current academic year but one we hope to be able to draw to a close in the not too distant future.
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## **Company Number: 5021469**
## **The Windmill Pre-School**
## **Registered Charity No. 1106496 Financial Statements for the year to 31 July 2024**
## **Statement of Financial Activities (incorporating the Income & Expenditure Account)**
|**Note**
**Income**
**Income from Donations**
Donations
3
**Income from charitable activities**
Provision of Pre-School Education & Care
Fees & Funding
4
Special Needs Funding
Other
5
**Income from other trading activities**
Fundraising Receipts
6
**_Total Income_**
**Expenditure**
**Expenditure on raising funds**
Fundraising Expenses
6
**Expenditure on charitable activities**
Provision of Pre-School Education & Care
Wages
7
Hall Hire
Insurance
OFSTED Registration
Repairs & Renewals
Equipment
8
Consumables
9
Administration Costs
Training
Book-keeping & Finance
Other
10
**_Total Expenditure_**
**_Net Income / (Expenditure) for the year_**
**Reconciliation of Funds**
**Total Funds brought forward**
**_Total Funds Carried Forward_**|**Unrestricted Funds**
**£**
**£**
2,036.33
2,036.33
97,289.97
0.00
0.00
97,289.97
195.26
**99,521.56**
0.00
75,933.95
5,656.85
834.62
50.00
69.69
72.95
4,614.59
345.80
1,032.00
599.04
867.04
90,076.53
**90,076.53**
**9,445.03**
17,975.36
**27,420.39**
**2023/2024**|**_Unrestricted Funds_**
**£**
**£**
3,475.00
3,475.00
78,870.42
0.00
32.08
78,902.50
1,058.75
**83,436.25**
15.00
72,264.86
5,614.15
805.82
50.00
0.00
1,577.11
2,230.02
250.80
850.42
1,006.50
764.20
85,413.88
**85,428.88**
**(1,992.63)**
19,967.99
**17,975.36**
**_2022/2023_**|**_Unrestricted Funds_**
**£**
**£**
3,475.00
3,475.00
78,870.42
0.00
32.08
78,902.50
1,058.75
**83,436.25**
15.00
72,264.86
5,614.15
805.82
50.00
0.00
1,577.11
2,230.02
250.80
850.42
1,006.50
764.20
85,413.88
**85,428.88**
**(1,992.63)**
19,967.99
**17,975.36**
**_2022/2023_**|
|---|---|---|---|
|||||
||||**85,428.88**|
||||**(1,992.63)**|
||||19,967.99|
||||**17,975.36**|
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report
on the accounts
Section A
Independent Examiner's Report
Report to the trustees of
The Windmill Pre-school
On accounts for the year
ended
31 July 2024
Charity no.:
1106496
Company no.:
5021469
Consisting of:
The Statement of Financial Activities, Balance Sheet and related Notes to
the Financial Statements
I report to the charity trustees on my examination of the accounts of the
Company for the year ended 31 July 2024.
As the charity's trustees of the Company (who a also the directors of the
company for the purposes of company law), you are responsible for the
preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act").
Responsibilities and
basis of report
Having satisfied myself that the accounts of the Company are not required
to be audited for this year under Part 16 of the 2006 Act and are eligible for
independent examination, I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charities Act 2011
("the 2011 Act"). In carrying out my examination, I have followed the
Directions given by the Charity Commission (under section 145(5)(b> of the
2011 Act.
Independent
examiner's statsment
I have completed my examination. I confirm that no material matters have
corne to my attention which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the
Companies Act 2006. or
the accounts do not accord with such records,. or
the accounts do not comply with relevant accounting requirements under
section 396 of the Companies Act 2006 other than any requirement that
the accounts give a 'true and fair, view which is not a matter considered
as part of an independent examination., or
.the accounts have not been prepared in accordance with the Charities
SORP (FRS102).
IER
October 2018
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.
Signed:
/Mc
Date:
DS
£0
Name:
Martin Ormondroyd
Relevant professional
qualification(s) or body
(if any):
Address:
Market House, 10 Market Walk, Saffron Walden, Essex, CB10 1JZ
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 detai18 of
any items that the
examiner wishes to
disclose.
IER
October 2018