THE BEECHES PRESCHOOL Charity Commission Registered No: 1124606 ANNUAL REPORT AND ACCOUNTS st For the financial period ending 31 July 2024
Beeches Pre-school Trustee Annual Report For the year endlng 31*t July2024 The trustees present thelr report and independently examined financial statements for the year ended 31" July 2024. Reference and Adrnlnlstratlve Detalls: Registered Name: Beeches Pre-school Charlty No: 1124606 Operational Address: The Allama Iqbal Family Centre 157 Cromwell Road Peterborough PEI 2EL Trustees at date of Report: Chalr Member Vilunejamll Rachel Casbon Pauline Roberts Klaudia Wiecka Other Trustees who served In the year: Siema Taj (left 06.03.25) Bankers: HSBC Bank PIC Independent Examlner: Mark Bedford MAAT 11 Belton Road Stanground Peterborough PE2 8UU Structure Governance and Management The preschool is a membershlp organisation governed by the model Pre-school Learnlng Alliance Constitution 2011, which was adopted on 7th May 2014. Members can be parents or guardians of all children who attend playgroup or other interested individuals approved by the Committee. Members appoint/confirm committee members at the AGM. All Committee rnembers give their tlme on a voluntary basls and recelve no remuneratlon or other beneflts. Objects and Artivltles The objects are, as set out in the constitution, to enhance the development and education of chlldren under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: (a) offering appropriate play, education and care facilities, family learnlng and extended hours groups, together with the right of parent5 to take responsibility for and to become involved
Boeches Pre-school Trustee Annual R8POrt Fortheyeur endlng 314t July2024 in the activities of such groups, ensuring that such groups offer opportunities for all chlldren whatever their race, culture, religion, means or ability; {b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; (c) instigating and adherlng to and furthering the aims and objects of the Pre-school Learning Alllance. Publlc beneflt In setting the objectlves and planning the actlvities of the charity the Commlttee has considered the Charity Commission's general guidance on public benefit carefully. All children are eligible for Nursery Education Funding, which is provided by the Local Authority, the term after they become 3 years old. Fees are charged for chlldren who attend between the ages of 2 and 3 but these are kept as low as posslble so that our chlldcare Is affordable to all famllles usin6 our servlce, partlcularly working famllles who are not entitled to 2-year-old fundlng. Achlevements and Performance Preschool has been busy from the outset In September. with all spaces filled by January 2024. We organlsed several sesslons for parents to bring their children to In collaboratlon with the Natlonal Llteracy Trust, and also had vlslts from the children's librarlan which were very popular. Throughout the year, each child received at least four books to keep. We supported 6 chlldren with SEN and applied for two Educatlon, Health and Care Plans {EHCPs) for chlldren needing additional support before they went to school. We also helped parents with school appllcatlons. We had three student placements durln8 the year. We worked closely wlth external agencles, such as Vlsual Support teachers, to support our chlldren. Visits from the police were a highlight. We contlnued to provlde nutrltlous snacks each day wlthout Increaslng costs for parents. Sesslon fees for those parents who dld not receive Nursery Education Funding remained unchanged as we recognize the financial challenges many parents face. Reserves pollcy Reserves act as a cushion for any loss of Income and unforeseen situations. Throughout the year, balances remained above the reserves level, currently set at £99,495. Reserves are calculated to cover redundancy payments, 12 weeks. pay in lieu of notice where applicable, plus one month's costs. Flnanclal Revlew As a small charlty, the statutory accounts are prepared on a Receipts and Payments basis. For the financial year ending 31st July 2024, the accounts show a surplus of £12,428, compared to £3,576 the previous year.
Be•ches Pr•-8ehool Trustee Annual Report For the year endlng 37•t July2024 Income for the year increased by £29,295, prlmarlly due to a £18,913 (13%) rlse In NEF fundlng. Overall costs increased by £20,443, largely due to an addltional £273 spent weekly on staff wages following the National Minimum Wage adjustment in April 2024. One staff member was absent for m05t of the year, which kept costs lower than they would have been otherwise. There was also increased spending on resources. The flnal cash balance at the close of the flnanclal year was £120,769. Thls Report has been approved by the Trustees and has been slgned on thelr behalf by: Si8nature: Full Name: Date: ..Z3.10 4-/2...f...................
BEECHES PRESCHOOL Registered Charity No: 1124606 RECEIPTS AND PAYMENTS FOR THE FINANCIAL PERIOD ENDING 31ST JULY 2024 UNRESTRicfED FUNDS TOTAL FUNDS Year Ended 31107124 Year Ended 31107123 RECEIPTS NEF Fundlng Other Funding Fees Bank Interest Other Income Donations and Grants Fund Ralsing 165,501 13,626 3,234 1,275 25 146,555 3,825 3,267 560 114 45 TOTAL RECEIPTS 183,661 154,366 PAYMENTS Wages inc Inland Revenue payments Tralning Total Other Staff Costs Resources Premises Consumables Other Costs Bank Charges Professional Fee5 Admlnlstratlon Costs Governance Costs Fundraising (145,851) (472) (64) (3,048) (11,997) (1,618) (1,350) (62) (5,447) (1,234) (90) (128,863) (197) {12) (1,710) (11,425) (1,2611 (1,291) {67) (4,629) (1,245) {901 TOTAL PAYMENTS {171,233) 1150,790 Net of Receipt51(Payments) 12,428 3,576 Balance b/fwd 108,341 104,765 Balance c/fwd 120.769 108.341 Page I
BEECHES PRESCHOOL Registered Charity No: 1124606 STATEMENT OF ASSETS AND LIABILITIES AS AT 315T JULY 2024 UNRESTRICTED FUNDS AS AT TOTAL FUNDS ASAT 3110712023 3110712024 CASH FUNDS HSBC {Current) HSBC (Savings) Petty Cash Fees Float 53,465 67,304 42,312 66,029 Total Cash Funds 120,769 108,341 THER A LIABIUTIES Independent Examination Gladstone Connect - Waste 190) (925) (90) (1.015) {90) l approve the Recelpts and Payments Accounts set out on page l and above and confirm that all relevant records and Information has been made avallable for their preparation. Signed on behalf of the Trustees: Sig ure Name NOTES l. No trustees received renumeration or reimbursements in the period above.
Th15 independent examlners report relates to the accounts of THE BEECHES PRESCHOOL Charity Commission Reglstered No: 1124606 Accounts are prepared for the year ended 31# Juty 2024 Res ertlve res onslbllltles of trustees aThl examlner The charity's trustees are responsible for the preparation of the accounts. The charity's tTUStees considerthat an audlt is not required for thls year under section 144(21 of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination is needed. It Is my responsiblllty to: examlne the accounts under section 145 of the 2011 Act; to follow the procedures lald down In the general Dlrectlons glven by the Charty Commission under section 14515}Ib) of the 2011 Act; to state whether particular matters have come to my attention. Basls of Inde endent examlnerfs statsment An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also Includes consideration of any unusual items or disclosures in the accounts, and seeklng explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audlt and consequently no opinion is glven as to whether the accounts present a Irue and falrvlew, and the report Is Ilmited to those matters set out In the ststement below. endent examl statement In conneC(lon wlth my examlnation, no matter has come to my attentlon: 111 whlch 8lves me reasonable cause to believe that In any material respect the requlrements: to keep accountlng records In accordance with sectton 130 of the 2011 Att; to prepare accounts which accord with the accountlng records and comply with the accounting requlrernents of the 2011 Act have not been met; (21 to whlch, In my opinlon, attentlon should be drawn In order to enable a proper understsnding of the accounts to be reached. Signed Date Mark Bedford MJB Financial SerVis 11 Belton Road Stanground Peterborou8h PE2 8UU