PEMBURY PRE-SCHOOL PLAYGROUP REGISTERED CHARITY NUMBER 1107370 REPORT AND FLWANCIAL STATEMENTS FOR TKE YEAR ENDED 31 MAJICH 2024 PEMBURY PRE-SCHOOL PLAYGROUP REPORT AND FINANCIAL STATEMETrtrs YEAR ElgDED 31 MARCH 2024 CONTENTS Page Legal and administrative inforn)ation Trustees report Independent Exaininer's Report Statement of financial activities Balance sheet Notes to the financial statements io PEMBURY PRE-SCHOOL PLA YGROUP LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Charity Number.. 1107370 Trustees: Carol Ann Ross Patricia Margaret Hooper. Yirga Berhane Louise Wojcicki Michelle Kelly Sharon Adams Prin¢ipAI: Louise Wojcicki Opei'atillg Service from: Pembury Pre-school 16 Atkins Square Dalston Lane London E8 1 FA Phone.. 020 8985 4484 Email.. carol.sinclair reschool.co.uk Accountsnt: Margaret Trotter 205 Ivell Street London E9 6QU Bankers: HSBC London PEMBURY PRE-SCHOOL is a Tegistered charity The Clwities goveming instrument is its Pre-school Learning Alliance Model Constitution 2011 PEMBURY PRE-SCHOOL PLA YGROUP TRUSTEES AND DIRECTORS REPORT 2024 Pembury Pre-school was registered as a Charity nutnber on 1107370 on ? l Decetnber 2014 . The Charities governing instrument was updated to the Pre-school Eeaming Alliance Model Constitution 201 l adopted by the Committee of Trustees on 17 November 2016 The members of the Tntstees Committee present their reports and the financial statements foT the year ended 31" March 2024 Structure, Governance and Management The management of the Charity is the responsibiIity of the Trustees with day to dai, management devolved to management company officers and appointed managets. The Trustees are drawn fro]n the pareni gTOUP and other local professionals. trustees remain until such tijne as a parents nomtnate new trustee5. Support for Trustee Duties and OFSTF.D requirements are covered internally, with occasional training being offered by Hackney Learning T￿￿1. All new Trnstees sign Charity Commission Trustee DeclaratiotL The Trustees are: Carol Ross Chair Michelle Kelly Louise Wojcicki Manager Pat Hooper - Tre&surer Sharon Adams- Parent's Representative Yirga Berhane - Secretary Louise Woj¢i¢ki and Michelle Kelly are paid members of staff. All Trustees have a written agrcetnent, that states that they do not get paid any remuneration for their work &s a Tnlstees. Pat Hooper, has been given a zero hour Contract. Pat is a very knowledgeable member of staff, particularly supporting our children with Special Education Need5 and it is very difficu]t to find experienced staff. The Charity's insurance covers Employer Liability (£ l O million). Public Liability (£5 million) plus other aspects such a5 Trustee cover 2md Loss of Revenue Two Tnain relationships support the Charity.. OFSTED.. In order to operate &s a pre-school offering se&sions over 2 hrs per day the PTe-school is registered with OFSTED (EY i54421). The pre-school has been rated goo(L on 19 September 2018 Petnbury pre-school opens from 8 am to 5.00pm. temi time only. We are working towards openino for 52 weeks of the year we provide breakfast club and after schix)I clubs, which support many parents enabling thetn to work. We offer our parents (lexible time5 to suit tbeir needs Haeklley Learning Trust is the pre-schools tnain funder. Funds are for children aged ? We may receive additional fundin(y depending on the cohort of children and their needs: Fullding for 2 yr olds can come through a disadvantaged child 15 hours fimded place or most recently introduced (Apri12024}, 15 houTS funded for worktng parents. ChildTen aged 3 and 4yrs old receive their entitlement of universal funding for 15 hou￿ a week. Working parents can receive ￿ extra 15 houT5 giving them a total of 30 hours a week. We receive two grants per ternF under the Subsidized child￿re Prograrn (SCP) and under a SEN Worker Grant. Depending on the children and if they qualify, we can claim EYPP and DAF. yrs old and 3 & 4yrs old. Funding regimes have specifi¢ requirements to ensure the monies are spent OD the needs of children currently using the pre-school. these fall into quality requirements (good OFSTED rating, participation tn professiona] networks and ongoing Staff training) and f￿anCIal requirements (for SCP 400/0 of useTS coming from households with incomes under £25,000) Staffing All staff aTe fully qualifirf and a]1 are DBS (Disclosure and Ba￿]ng Service) checked every three years and complete statutory training required by OFSTED. including safeguarding, Child protection. first aid and food hygiene. We are still struggltng to fujd new staff. atthough the manager is trying all difference avenues, this is now common as there is a shortage of early year practitioners Objects The principal object of the Charity is to advance the education of children below compuIsory School age. To follow the Early years alliance guidellnes, to work with outside agencies to support the children in our care (Soci21 ChildcaTe, Speech and Language. Special educational teachers etc.) Objectives and activities To advance the education of children (those under th¢ age of 5). To support all children including disadvantaged 2-year-old children, SEN children and to ensure that safety and wellbeing is paramount at all tKmes. To be as flexible as we can to support our parents eg working, studyiDg and respite care for parents who need this. We do this by followtng the early years foundation stage. working i*ith outside EGencies to support the children in our care, (children's social childcare. speech and languag4 special educationa] teachers etc.) Public Benefit Statement. By supporting the 2yr old entitled children we are supporting the whole faTnily, by giving these children opportunities that diey may not have had if we did not take these children into our setting, eg Outings to the coast or county side, cijoking activities, book reading da} s (where a child will receive a free book), dough days. All the above are free to children and parents and we would encourage all parents to attend. We follow the Earlv years foundation Stage (EYFS) giving all our chtldren the best start in life, by making our activities fun (learning through enjoyment and what children's interests). We track our ¢hilthen's progress and by dotng this we can see that a child is meeting their age-appropriate milestones. We work very closely with outside agencies enabling us to support children and their families and if at all necessaTy. we signpost cbild I families to speech and language sessions and if needed a SALT will attend our setting to support the child and give us strategies to support the child (all staff are trained in doing language groups). We a]so fmd that our language groups aTe particularly good foi children who have English as a second language. Our setting is Inclusive we are supported by a SENCO. (Special needs coordinator) as some of our children need to have I to I support depending on the severity of their needs. Many of our children will leave us with an Education Health Care Plan. As w¢ are not receiving the 5arne amount of support froTn HL T, our manager has enTolled herself on a Special EdLicatiomal Needs level 3 course, and is now qualified as a Special Education Needs Level 3 Practitioner, which 15 a big plus for our setting. Acbi¢vemellts and Performance One of our main achievements is passincF Ofsted Inspection with a Good rating in Septetllber 2018. We sUPPOrt our fatnilies by offering the 30 houts free childcare for 3-and 4-year-olds of working parents. We also support parents by holding their child's health check at 27 to month5 old at our premises and we have a n￿lled health visitor who supports us with this. As we now have more spa￿, we host reviews for children in need and children on the child protsctiOT) register with the Child's social worker &s lea(t This is beneficial to the families. Our safeguarding officers have attended child protection and thildren in need conferenc£s to support whole families. We have an accredited lead practitioner in health within our setting.. she supports our families and children with various aspects of the children's health. QTal health, nutrttion. hvdlthy eating. and well-being. Our menus change with the seasons, and Nve sUPPOrt our parents bj giving them ideas for healthy packed lunches, which is doing very well. The managerfs new qualification at SEN level 3 is a huge achievement for our setting. as now we can ￿tervene early to support the children. As we had concerns regarding OUT loss of revenue, budget monitoring was tntroduced, and this worked very well, helping us to get back on tsack. Financial Review Income and Expenditure yvdr ended 31 March 2024 The results for the year are Incorne was £243,717 (2023: £220.896) (2023: £247,104) (2023: .£26208) Expenditure was Surplus for year was £241,312 £ 2,405 Income increased by £22,821 overall as more children returned and grants from the Leaming Trust increased as did fees paid by parents, now that the school is moving towards nonnality after the covid period. Expenditure decreased by £5,792, in wages and equipment costs. Both income and expenditure are all unrestricted and are still lower than pre-covid periods. We retaiDed a surplus of £2,405 for the year (2023: _£26208). Reserves At 31 March 2024 were £l?8240 (2023: £125,835) and are a]1 unrestricted. We will set a designated reserve of £60,000 towards 3 months contractual running costs that are currently £60.000. Plans for the Future Our aims are to maintain our G(x)d Ofsted rating. and support as many children as we can, whatever their nee(Ls. Risk The committee has yet to complete a fornial as5essTnent of the risks facing the Charity. We have returned to achieving an annual surplus and are projecting an increased surplus in 20?4125. The Tn￿ee are holding reserves of £128,240 and are a going concern. INELile the number of children are increasirg it is difficult to recruit new staff Events since the end of the year to dale. In April 2024 we held our AGM. We have booked an 'Edible Garden, and are looking forward to this project. SLqrting in September ?4. a company will come to us once a week for a full year, to teach our children about how to grow foo¢ from seed to eating what they hav¢ growtL this should be great fun and all parents will be invited. Trustees R¢$poD$ibilities Statement The trustees responsible for PTeparing the trustees report and the financial statements in accordance with applicable law and UK accounts standards The Trustees must be satisfied that the fmancial statements give a trne and fair view of the state of the affairs of the charity and of the incon]ing resources and application of resources. In preparing these fmancial statements the Trustees are requtred to.. Select suitable accounting policies 2nd apply them consistently" Observe the method and principles in the Charity SORP- Make judgments and accounting estimates that are reasonable and pn￿eTrt. P￿ParE the fmancRI statemetlt OD lh¢ gotng ConC￿n basi8 unle&s il is iDappropIiate to p￿su￿￿e that the Charity will continue in operation" Approved by the Trnstees on Sigmed on behalf of Pembury PrnlLooI by: Trustee signature Trnstee name CA(Lol AOES PEMBURY PRE-SCHOOL PLA YGROUP INDEPEIYDEiYf EXAMINATORS REPORT FOR THE YEAR ENDED 31 IWCH 2024 Independent Examiners Report to the Trustees Pembury Pre-school I report on the f￿ancial statctnents of the charity for the year ended 31 March 2024. This report is made solely to the Trustecs, as a body. in accordance wtth Section 145 of the Charities Act 201 l. My work has been Lmdertaken 50 that I might slate to the Trustees, those matters l am required to state to them in this report and for no other purpose. To the tullest extent permitted b). law, J do not accept or assume refiponsibility to anyone other than the Charity aiid the Trustees as a body. for my worL for this repo¢ or for the opinions I have fonned. Respective responsibilities of trustees and examiner The clwity's trustees are responsible for the preparation of financial statements. The trustees consider that an audit is not required for this year under Section the Charities Act and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit and is eligible for independent examinatiOTL it is my responsibility to- -examine the ffftancial statements under Section 145 of the 2011 A¢t- -to follow the procedures laid down in the General Directions given by the Charity Cotnmission under section 145(5) of the 2011 Act" and -to state where particular matters have come to my attention. Basis of indepeDd¢nt examiner's report My examination was carried out tn accordance with the General Directions given by the Charity CoThrnission. An eXa￿l￿ation includes a review of the accounting records kept by the charity and a comparison of the f￿ancial statetnents presented with those records. It also includes consideration of any unusual items or disclosures in the fll)ancial statements and seeking explanations from you as TTUStees concerning any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audi¢ and consequently no opinion is given as to whether the fmancial statements present a 'true and fair view, and the report is limited to those matters set out in the statement below. Iudependent examiner's statement In connection with my eXa￿inatIon, Do matter has come to my attention: l ) which gives me reasonable cause to believe that in any material respect the requirements.. - to keep accounting records in accordance with section 130 of the Charities Act. and - to prepare f￿ancial statements which accord with the accounting records and COULply with the accounting requirements of the Clwities Act have not ]wi me¢ or 2) to whi¢E4 in rny opinion. attention should be drawn in order to enable a proper understanding of the financial state]nents to be reached. Signed MARGARET TRO￿ER FCCA 102+ 205 WELL STREET, LONDON E9 6QU Pembury Pre-school Maygroup Statement of FmanaalActiv*es For the year ended 31 March 2024 Unrestrthd Fund: Re5trKted Funds 2023124 2023124 Total 2023124 Totsl 2022123 Incoming resources Playgroup Fees LB Hackney Other income a nd recharges 36282 203498 3937 36282 203498 3937 32537 187649 710 Total incoming resources 243717 243717 220896 Resources expended Charitabk expenditure: Premises Staff Supplies and servi￿$ 21560 208446 11306 21560 208446 11306 19952 208261 18891 Total resources expended 241312 241312 247104 Net rnovement in funds 2405 2405 -26208 Brought forward funds 125835 125835 152043 Fund balances carried forward 128240 128240 125835 Pernbury Pr￿school Maygroup Balance Sheet As At 31 Marth 2024 2023/24 2022/23 HXED ASSErs CURRENT ASSErs Debtors & Prepayments Balance at bank 6705 129575 4808 126431 131239 CREDITORS . arnounts falling due ￿￿thIn one year HMRC + creditors NEf CURREKfASSErs 128240 125835 NEf ASSETS 128240 125835 FUNDS Restricted funds Designated funds Unrestricted fvnds 60000 65835 68240 TOTAL FUNDS 128240 125835 Approved by the Trustees on and SFgned on their behalf by: Trustee sEnature Trustee name (L5? PEMBURY PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basts of preparation of financial stalements The financial statements are Prepared under the historical cost convention and include the results of the ¢harity's operations which are described in the Trustees Re￿rt and all of which are continuing. Fixed assets are only to be capitalised when they cost over £1,000 and will be depreciated at the rate of 251/10 per annum. The accounts have been prepared tn accordance with the Statement of Recoinmended Practicq "AccounttDg and Reporting by CIMritie5" with appllcable accounting standaTds on the accrual basis. Fund A¢covnting. Risk and Reserves Policy Unrestricted ￿ndS comprise accumulated sury)luses and deficits on general funds. They are available for use at the discretion of the Trustses in fifftherance of the general charitable objectives. Designated fi￿d5 are atnounts that have been set aside at the discretion of the Executive Committee. Restricted fijnds are funds that are spent in accordance with specific restrtction imposed by the donors or which have been raised bj the charity for specific purpose. The cost of raising and administrating Such funds is charged against the specific fund. Incoming resources Incoming resources represents the total income receivable during the year comprising grants and placernent fees from the Learning T￿St, and fees from parents. Resources expended Resources expended are included in the Statement ofFinancial Activities on an accruals basis. Charitable expenditure comprises costs of staff and resources in fLWtherance of the thty's objects. Reserves at 114r2023 Incoming Outgoing at 311312024 UnTestricted £1?5,835 £243.717 £241.312 £128240 Unrestricted futjds are £128240 and we have desionated £60,OCKI of these funtls toivards building a fund toward lo 3 n]onths running costs of the charity amountino to £CA).000. Related Party Transactions TFLe Board of Trustees consist of parents nominated from the pa￿ntS adkisory group atKI other locaI childcare professionals. Parent Trustees of children ivho use the nurseri, do so on similar terms as non-COTnmitlee tnembers. No TTLlStee received remuneration for beino a Trustee. Three Trustees ivere remunerated members of staff ill the year, Pat Hoopew and Louise Wojcicki and Michelle Kelly.