Midway Preschool
James Street
Midway
De11 7NE
Charity Number - 1121943
Trustee report - Mary Chamberlain
It has been a great honour to support all the staff, parents and committee these past 12 months and everyones support has been humbling, especially when change has been imminent. Myself and Jane Hill have been trustees of the business however Jane has decided to leave preschool from April 2025, therefore Fiona Morton who is manager will be added to the charities commission in due course.
Jane Hill has been treasurer for many years and will remain in this role until she leaves in April 2025. The accounts for year 24/25 have been made up to date by Jane and overseen by an independent examiner called Stephen John Holmes (FCCA) on November 10th 2025. Jane Hill is in charge of everything financial and charity based and will be until she leaves.
Midway Preschool is a registered charity therefor all fees, funding and raised monies goes straight back into preschool for the benefit of the children attending. Next year we are hoping to fundraise enough to complete work on the front and/or back playgrounds which need resurfacing. We will work with our committee to plan fundraising events thoughout the upcoming year.
Over the year our income totalled £162,523 with £1702 being fundraising by the committee. The rest of our income comes reliably from local funding sources and fees. Our spends in total have come to £149,629 which has gone towards staff wages, events for preschoool, parties and enrichment activities benefical to all the children.
Our financial status remains stable however moving forward community involvement remains crucial to preschools success, which is sometimes a struggle being a small setting. We have a limited amount of reserves aside. This will go towards business tax increases, wage rises in line with national minimum wage increases and cash flow gaps when local authority funding does not align with staffs paydays. It will also be there to fall back on if unexpected costs arise in the upcoming years.
‘
Midway Pre-School
Notes to the Financial Statements
for the year ended 04 April 2025
| 2024-25 | 2023-24 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| 1 | Turnover | ||||
| Local Authority | Funding | 150,115 | 130,898 | ||
| Fees | 10,406 | 19,082 | |||
| Fund Raising | 1,702 | 3,416 | |||
| Grants | - | : | - | ||
| Other | 300 | 400 | |||
| 162,5243 | 153,796 | ||||
| 2 | Cost ofSales | ||||
| Wages | (146,120) | (126,488) | |||
| Fund Raising | (971) | (1,170) | |||
| Other | (2,537) | (2,824) | |||
| (149,629) | (130,483) | ||||
| 3 | Operating Expenses | ||||
| Insurance | (637) | (2,111) | |||
| Energy | (3,813) | (1,925) | |||
| Stationery | (30) | (101) | |||
| Maintenance | - | (18,937) | |||
| Miscellaneous | (4,088) | (3,235) | |||
| (8,567) | (26,309) | ||||
| 4 | Depreciation | (5,782) | (5,810) | ||
| 5 | Loss on disposal ofTangible Assets | - | (995) | ||
| 6 | Interest | 339 | 297 |
Registered in England No. 6394461
‘
Midway Pre-School
Notes to the Financial Statements
for the year ended 04 April 2025
| 2024-25 | 2023-24 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| 1 | Turnover | ||||
| Local Authority | Funding | 150,115 | 130,898 | ||
| Fees | 10,406 | 19,082 | |||
| Fund Raising | 1,702 | 3,416 | |||
| Grants | - | ; | - | ||
| Other | 300 | 400 | |||
| 162,5243 | 153,796 | ||||
| 2 | Cost ofSales | ||||
| Wages | (146,120) | (126,488) | |||
| Fund Raising | (971) | (1,170) | |||
| Other | (2,537) | (2,824) | |||
| (149,629) | (130,483) | ||||
| 3 | Operating Expenses | ||||
| Insurance | (637) | (2,111) | |||
| Energy | (3,813) | (1,925) | |||
| Stationery | (30) | (101) | |||
| Maintenance | - | (18,937) | |||
| Miscellaneous | (4,088) | (3,235) | |||
| (8,567) | (26,309) | ||||
| 4 | Depreciation | (5,782) | (5,810) | ||
| 5 | Loss on disposal ofTangible Assets | - | (995) | ||
| 6 | Interest | 339 | 297 |
Registered in England No. 6394461
‘
Midway Pre-School
Notes to the Financial Statements
for the year ended 04 April 2025
| for the year endedthe year endedyear endedended 04 April 2025 | ||||
|---|---|---|---|---|
| 2024-25 | 2023-24 | |||
| £ | £ | |||
| 1 | Turnover | |||
| Local Authority Funding | 150,115 | 130,898 | ||
| Fees | 10,406 | 19,082 | ||
| Fund Raising | 1,702 | 3,416 | ||
| Grants | - | Z | - | |
| Other | 300 | 400 | ||
| 162,5243 | 153,796 | |||
| 2 | Cost ofSales | |||
| Wages | (146,120) | (126,488) | ||
| Fund Raising | (971) | (1,170) | ||
| Other | (2,537) | (2,824) | ||
| (149,629) | (130,483) | |||
| 3 | Operating Expenses | |||
| Insurance | (637) | (2,111) | ||
| Energy | (3,813) | (1,925) | ||
| Stationery | (30) | (101) | ||
| Maintenance | - | (18,937) | ||
| Miscellaneous | (4,088) | (3,235) | ||
| (8,567) | (26,309) | |||
| 4 | Depreciation | (5,782) | (5,810) | |
| 5 | Loss on disposal ofTangible Assets | - | (995) | |
| 6 | Interest | 339 | 297 |
Registered in England No. 6394461
| CHARITY COMMISSION | Independent examiner's report on the (5a) FOR ENGLAND AND WALES accounts
Section A
Independent Examiner’s Report
On accounts for the year Charity no ended |_ 0+ [ole | 202.5 ioms|| | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended - : 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”). | 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, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Ufdertakethe-examination-bybeing-a-qualified memberotfinsert nameof appieabletistec-body}]. Delete | ] if not applicable. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination fethertharrthat disclosed-betew-) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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| 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.
Please delete the words in the brackets if they do not apply.
Signed: | STipCdne, pate: | [fo/infrf]
Name: STEVEN FOUN OLMES
Relevant professional
qualification(s) or body E CC A
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IER
1
Oct 2018