Catey l)re-School COC kFIF.I.I) CA TEYPre-School AGM2024 Chairman's Report Tel'.01284827274 reh1,¢0.uk cat iesthwl holmoil.com CIIEY P[e-s(hJ sccnrnittedtDthe weWare 01rfs childreTr, staff &vobJnteers*alliime& RegisteredChathNumki'.1135211
Catey Pre-school cnckbii..i.t) I am pleased to issue this report on the position of the Preschool in my capacity as chairn]an and to report on the situation for the year ending September 2024. The preschool has again achieved excellent standards of early years education and learning over this period. We continue to maintain our impressive level of teaching which enabled all areas of learning to be graded as GOOD by OFSTED on their visit in April 2023. Thanks go to our fantastic team of dedicated staff for all their hard work and all the effort they put into making the preschool the success that it is, and our supportiv¢ committee members. As can be seen from our external auditors report we did achieve a small surplus at the end of the financial year, due mainly to the increased number of 2- 3-year-old children attending. The majority of our funding (68 % ) comes from the government allocation through Suffolk County Council and is based on the 15130 hours funding scheme. Unfortunately, the government funding for Early Years is abysmal and Suftolk are penalised for being a rural county, getting only half of what the privileged Local Authorities receive. This anomaly has been discussed in a parliamentary debate on education, but I doubt it will be corrected anytime in the near future. The additional number of children attending has resulted in the need for our bank staff to increase their hours over this period to enable us to stay within the government set ratios. This coming financial year will see yet again the government increases in the minimum wage not being matched by the increases in Early Years funding, so the pressure on trying to balance the accounts continues to be difficult. We remain members of the Early Years Alliance and support them in lobbying MPS for a better allocation of funds to the Early Years Sector. Thanks go to Barbara Turner our voluntccr administrator/ treasurer for all the effort she has put in over the past year. Thanks also go to various organisations and members of the local community for their support of the preschool through donations and membership of the l 00 club. OUT liaison with Cockfield Primary School continues to work well and w¢ hopc for more involvement in the coming months. The Early Years Education Sector continues to go through a difficult phase with insufticient overnment support, but at our local preschool level every effort is being applie e that the children are offered the best possible start on life, s journe> . ayes Chainnan Tel., 01284 827274 es(hod.coNk re5chool h)t[l1.Corn C4TEYPre-ScW ts£(xnmittEdtot.e welhieolrfs chirea, staff &whJrtee3IaIIt1nS. Regstered ChèrityNumber.1135211
Catey Pre-school COCKFIF.I.D Lprn. C*x'kldd. Si E&puDds S. . IPY) OLA CA TEYPre-School AGM2024 Treasurer's Report Td.. 01284827274 resclth.(o.uk hotmailwm CATtIPre-kPthliscommthd lo Ihewell3ie 01rfschii2n, stsff &YthrteeLsatèliI Rewsteiedchaiity Number.1135211
Treasurers Re ort for Financial Year October 23 to Se tember 24 The Bank Accounts at the end of September 2024 were as follows: Current Account: £34,553.67 Contingency Fund: £26,600.00 Fundraising Account: £13,456.26 The current account is our working capital, the contingency fund is the amount required to cover emergencies and termination costs. The fundraising account is the monies raised to purchase learning aids and equipment for the children. Fundraisin The 100 club raised £880.00 The Quiz night showed a return of £700.39 The Pumpkin Party showed a return of £411.85 Fundraisin total: £1992.24 External Accountant This financial year we have continued to use the services of John Parker & co in Lawshall to carry out the external financial audit. This is now completed and they have submitted our Accounts for this year. Profit Loss Turnover for the year 23/24 was £94,854 as compared with £78,726 for the year 22/23. This equates to a 20.5% increase. Funding received from Suffolk County Council was £60,537 as compared with £58,290 last year. An increase of 3.86° Fees received from parents for the year was £27,523 compared with £14,555 last year. An increase of 89 Y. This ives a sur lus of £12 149 for the financial ear 23 24
Ex enditure Salaries continue to be our highest expenditure, and they will increase again this year by 6.4% to meet the new National Minimum Wage. Unfortunately, the government are only increasing the Early Years funding by 4.80A, and at this stage we don't know how much of this increase Suffolk County Council will retain to cover their "expenses'l Pensions are being paid for Salaried staff into the government NEXT scheme and the company matches the individual's contributions. We did have enough surplus for the year to enable us to pay a small bonus to the hard-working staff. Barbara Turner Treasurer
CATEY PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Company No. 06613680 ffjngland & Wales) John Parker & Co Accountants 61 The Glebe Lawshall Bury St EdTnunds Suffolk IP29 4PN
CATEY PRE-SCHOOL COMPANY INFORMATION Directors Michelle Robinson Richard Bayes Teresa Rutterford Barbara Turner Rev Sharon Potter Catherine Fisher Marie Lee Clare Fisher Chloe Savage Kim Savage Company Number 06613680 (England & Wales) Registered Office Church Lane Cockfield Bury St Edmunds Suffolk IP30 OLA Bankers Barclays Bank 52 Abbeygate Street Bury St Edmunds Suffolk IP33 ILL Accountants John Parker & Co 61 The Glebe Lawshall Bury St Edmunds SutTolk IP29 4PN Page: I
CATEY PRE-SCHOOL DIRECTORS, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The directors present their report with the unaudited financial statements of the company for the year ended 30 September 2024. Principal activity The principal activity of the company in the year under review was that of a pre-school. The above report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small COTnpanies. Signed on be If th ompany. RJBave Director Approved by the board 13 November 2024 Paoe: 2
CATEY PRE-SCHOOL PROFIT AND LOSS ACCOUNT FOR THE YEAR EIYDED JO SEPTEMBER 2024 2023 Note Turnover 94,270 78,468 Administrative expenses Operating profit/(loss) 11,565 1,320 Interest received 584 258 Profitl(loss) on ordinarv activiiies before taxation 12,149 1,578 Taxation Profitl(loss) on ordinary activities after taxation 12,149 1,578 Balance brought forward Balance earned forward The notes forni part of these financial statements Page: 3
CATEY PRE-SCHOOL BALANCE SHEET AT 30 SEPTEMBER 2024 2023 Note Current Assets Debtors and prepayments 154 950 Cash at bank and in hand 74,409 62,867 Creditors: amounts falling due within one year 384 Total net assets The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 30 September 2024. The memb¢rs have not required the company to obtain an audit of its financial statements for the vear ended 30 September 2024, in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: a) ensuring that the company keeps accounting records which comply with sections 386 and 387 of ihe Companies Act 2006 and b) preparing financial stalements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year, in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions of part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the board of directors on 13 November 2024 and were signed on its behalf b) Barbar Turner - Director Paoe: 4
CATEY PRE-SCHOOL NOTES ON FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 l. Accounting policies Basis of accounting The financial statements have been prepared in accordance with the provisions of section la "Small Entities" of 'Yhe Financial Reporting Standard l 02 applicable in thc UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Turnover Turnover represents the provision of services, grants received and fundraising activities. 2. Debtors: Amounts falling due within one year. 2024 2023 Other debtors 3. Creditors: amounls falling due within on¢ year 2024 2023 Taxation and social security Other creditors 451 54 384 4. Profit and Loss Aceount 2024 2023 Balance brought fonvard - l October 61,876 60,298 Profit/{loss) for the year Balance carried forward - 30 September Page: 5
CATEY PRE-SCHOOL PROFIT AND LOSS AccouNf (Detailed) FOR THE YEAR ENDED 30 SEPTEMBER 2024 2023 Fees etc. received Grants received Fund raising activities Interest received Donations received 27,523 60,537 4,716 584 14.55) 58.290 3,392 258 94.854 78.726 Less: Furniture, fixtures and equipment Consumables Wages, NI and pension contributions Rent and rates Light, heat and water Insurance Telephone Fundraising expenses and other events Repairs and renewals Accountancy Advertising Sundry expenses (incl. Training) 882 2,525 69,702 271 1,830 1,104 1,064 2,422 93 396 1,770 63,787 254 2.720 1,079 918 2,323 1,626 564 79 Surplus for the year £ _12 149 Page: 6