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Chair’s & Treasurer’s Report – AGM 7th February 2024
– School Year 1st September 2022 31st August 2023
Firstly, thank you all for attending Strathmore Pre-School’s AGM. This is a brief summary of the key points from the past year at the Pre-School.
OFSTED
Our last Ofsted inspection was in October 2018, when the Pre-School was delighted to achieve an Outstanding rating.
The Committee and myself are hugely proud of all the work that Diane and the team put in with the children and the setting to achieve and continue to maintain this level.
Staffing News
We began September 2022 with the following staff:
Diane Grazette- Leader Leonie Nicholson-Hay - Deputy Leader Julie Hook - Administrator Emily Constantinou - Practitioner & SENCO Megan Reader - Practitioner & 1:1 Support
Megan left us at the end of March 2023 and Emily at the end of May 2023 to take up positions at other settings.
Meenu Dhunna and Kayleigh Shiers were appointed as Bank staff in January 2023 and April 2023, respectively.
Annabel Breadin started with us as a practitioner in May 2023.
Registered as a Company Limited by Guarantee in England & Wales. Registered Office: Strathmore Pre-School. Old Hale Way, Hitchin, SG5 1XR Registered No: 7274228 Registered Charity No: 1137736
Committee News
The Committee has remained the same for this year, with membership as follows:
-
Michelle Moore – Chair
-
Katherine Martinez – Treasurer
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Shelly Leitch – Safeguarding Officer
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Esther Horton – Secretary
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Tim Craig – Committee member
Finance
The combined cash balances of the Pre-School accounts at the end of the academic year were £15,550. This is significantly lower than the £27,828 balance at the end of last year, which had been in line with the two preceding years.
Income:
Our income was £69,288, a decrease of £4546 over 2022. This difference is primarily due to a decrease in fee income and donations. The income make up was different this year, with fee income considerably lower and funding higher than in 2022.
Expenditure:
Expenditure was £81,671 this year, an increase of £8104 over the previous year. This was predominantly due to an increase in staffing costs and, to a lesser degree, an increase in rent to the school.
Overall, we ended the year showing a loss of £12,383 in this year’s audited accounts.
Summary
This has been a challenging year for the Pre-School, as it has been for many other settings. There are ongoing issues and concerns regarding the availability of qualified staff and the shortfall created by government underfunding of “free” hours.
Due to the increase in expenditure and the shortfall in income, the reserves have been hit in consecutive years. The cost of living crisis and the struggle to recruit staff have been affecting the number of pupils we can enroll, and in turn our income levels. Looking forward we need to look to maximize income or consider where any other cash injection might come from. We will also need to give ongoing consideration to the sustainability of our situation.
My thanks go to all of the staff for their hard work and dedication to the Pre-School, and particularly to Diane for her dedicated leadership during what has been a challenging year. My thanks as well to Julie for her generous and continued support, and to my fellow Committee members for giving their time and enthusiasm to keep the Pre-School running.
Registered as a Company Limited by Guarantee in England & Wales. Registered Office: Strathmore Pre-School. Old Hale Way, Hitchin, SG5 1XR Registered No: 7274228 Registered Charity No: 1137736
With the children of current Committee members having already moved on to other settings or moving on to Reception in the 2024-25 school year, we will need to look to expand membership to those parents of children who will be remaining at the Pre-School.
With thanks and best wishes,
Michelle Moore Chair
Registered as a Company Limited by Guarantee in England & Wales. Registered Office: Strathmore Pre-School. Old Hale Way, Hitchin, SG5 1XR Registered No: 7274228 Registered Charity No: 1137736
BALANCE SHEET as at 31st August 2023
STRATHMORE PRE SCHOOL
Charity No 1137736
| 2023 | 2022 | |
|---|---|---|
| FIXED ASSETS | 3,688 | 3,793 |
| Depreciation | (105) | (105) |
| CURRENT ASSETS | ||
| CASH FUNDS | ||
| Bank deposit account | ||
| Bank | 13,989 | 26,281 |
| Bank Reserve | 0 | 0 |
| Bank Reserve | 1,561 | 1,547 |
| TOTAL ASSETS | 19,133 | 31,516 |
| CURRENT LIABILITIES | ||
| ACCRUALS | 0 | 0 |
| CREDITORS | ||
| Creditors | 0 | 0 |
| NET LIABILITIES | 0 | 0 |
| NET CURRENT ASSETS | 19,133 | 31,516 |
| Represented by | ||
| Profit/Loss | 19,133 | 31,516 |
STRATHMORE PRE-SCHOOL
Charity No 1137736
INCOME AND EXPENDITURE ACCOUNT FOR 31 AUGUST 2023
| INCOME Fee income Fundraising income Fee Grant Funding Interest Donation Other Total Income EXPENDITURE Wages Admin Staff Pension Rent of facilities Equipment and materials Insurances and subscriptions Bank charges Photocopying Phone Printing, stationery and postage Training Accountancy charges & Prof Fees Refunds Payroll Other HMRC Legal & Professional Sundry Expenses Total Expenditure Profit/(loss) Bal brought forward SURPLUS CARRIED FORWARD |
2023 2022 £ £ 26,546 38,452 693 210 41,068 33,149 15 0 1,513 966 510 |
|---|---|
| 69,288 73,834 |
|
| 56,712 48,373 4,617 4,066 1,453 1,482 7,571 6,824 1,563 2,616 938 872 71 66 747 672 214 394 1,132 585 326 370 360 360 244 158 783 729 791 0 3,746 3,472 403 748 0 1,780 |
|
| 81,671 73,567 |
|
| -12,383 267 31,516 31,249 |
|
| 19,133 31,516 |
Notes
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of Charity Name Strathmore Pre School
On accounts for the year ended 31st August 2023 Charity no (if any) 1137736
Set out on pages
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31st August 2023 DD / MM / YYYY .
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”).
I 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, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
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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.
I 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: Date: 12th January 2024 ~~Reilly~~ **Name:** ~~Mr S OReilly~~
~~Mr S O`Reilly~~
Relevant professional MAAT qualification(s) or body
Oct 2018
1
IER
(if any):
Address:
~~66 Bedford Rd, SG52UD~~
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
2
IER