Catey l)re-School
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CA TEYPre-School
AGM2024
Chairman's
Report
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Catey Pre-school
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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
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Regstered ChèrityNumber.1135211

Catey Pre-school
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CA TEYPre-School
AGM2024
Treasurer's
Report
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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