2024-03-31-accounts - Kiddy Winks Pre School

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Kiddy Winks Pre-School (Registered charity, number 1143981) Financial statements for the year ended 31 March 2024

Page	Contents
2 - 4	Trustees’ annual report
5	Independent examiner’s report
6	Receipts & payments account
7	Statement of assets & liabilities
8 - 9	Notes to the accounts

Kiddy Winks Pre-School Trustees’ annual report for the year ended 31 March 2024

Full name Kiddy Winks Pre-School

Registered charity number 1143981

Principal address

Bakersfield Community Centre, 312 Sneinton Dale, Sneinton, Nottingham, NG3 7DN

Trustees

Sarah Jayne Brooks, Chairperson Joanne Flint Jackie Fukes,

Independent examiner

John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL

Governance and management

The charity is operated under the rules of its constitution adopted 9[th] May 2011. Trustees are appointed through recruiting our parents/carers. This is always difficult and we usually struggle to recruit new members to the committee.

Objectives and activities

The aims of the pre-school are to;

Enhance the development and education of children primarily under statutory age by encouraging parents to understand and provide for the needs of their children through community groups;
Offer appropriate play, education and care facilities, family learning and extended hour’s groups. Together with the right of parents to take responsibility for, and to become involved in, the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
Encourage the study of needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
Instigate, adhere to and further the aims and objectives of the Pre-School Learning Alliance, the local government and Ofsted.

We provide sessional childcare for children from the ages of 2-5. Our ofsted rating is Good which means we can offer the Early Learning Programme to 2 year olds which is aimed at low income families. We support children with SEND and we have a high uptake of children requiring extra support through the Early Years Pupil Premium. We have long standing, knowledgeable staff who are all qualified at level 3 in early years education who work with the children to help them achieve their developmental goals whilst attending the setting.

Kiddy Winks Pre-School

Summary of the main activities undertaken for the public benefit

Our aim is to provide a high quality, affordable education for children under the age of 5 following the guidance of Ofsted and the Early Years Foundation Stage. We encourage parents to take an active role, by volunteering on our committee or during sessions.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

Summary of the main achievements during the period

We started 2023 - 2024 in a better financial position and our income has continued to grow during the year. At year end we have been able to replenish a significant amount into our reserves, whilst also being able to purchase some new equipment and ensure our employees received a salary increase in line with national minimum wage. We have still had the support of the Nottingham City Early Year’s team, we have been sending them financial reports every 3 months to ensure we are staying on track.

In June we had our Ofsted inspection, where we achieved a good rating with only one action to complete. The staff put in a lot of hard work to ensure the preschool was shown at its best and the children were just fantastic, we could not have been prouder of the outcome and the feedback that we received from the inspectors on the day was brilliant.

We had new funding come into place in September, the 2 year old disadvantaged grant funding we receive had a significant increase in line with new government guidelines. This made a big difference to our predicted income for the new academic year.

One of our valued members of staff moved on to new pastures in July but we were able to offer the extra hours to a current member of staff and this has been working well. Our staff team have worked really hard again this year, ensuring that we are to full capacity whilst also continuing to offer the children and their families the best possible service. The children have been making great progress and we have also been able to utilise the services of home talk which is a free service provided by SSBC (Small Steps Big Changes) to help children who are starting with us with limited speech. We have seen a significant increase in children with communication difficulties, but this service has been vital to help the children who attend our setting.

We were able to host a Christmas fair fundraiser in December, we had some great donations from families and local businesses to put towards the raffle. This was a great success and we made nearly £200 in fundraising income.

Kiddy Winks Pre-School

The charity’s policy on reserves

Our policy on reserves is to ensure there is enough to cover at least 3 months running costs if we were to be in a position where we lost funding etc. Due to the pandemic and having to make redundancies our reserves have been used and we are slowly building this back up now we are in a better financial position.

Financial review

This financial period has been a better one, we have seen a significant increase in grants and funding from the local council, which is partly due to the increase in the hourly rate paid to us for the 2 year old deprivation funding. We are still conscious of our financial position and are still limiting spending on equipment etc, so that we can get our reserves back up to where they were pre Covid. We have a very healthy waiting list and we have been running at full capacity which has seen a massive increase in income. Finding ways to cut costs and working hard to promote the Pre School to ensure we grew our occupancy and was able to remain open in the community providing vital early years childcare. We have still been supported by our early years team if we have needed it which has been good for us to be able to ensure we are moving in the right direction financially. We have ended the financial year with a surplus amount which will be replenished into our reserves and which can also be used to ensure our employees receive an increase in their salary in line with national living wage. We enter the 2024-2025 financial period in a much better position than we have been for the last few years, with a healthy waiting list and from April 2024 a new funding opportunity for working parents of 2 year olds which will also help to increase our income over the coming year.

We are in a more sustainable financial position, but we must not become complacent and there is a lot of hard work still to do to rebuild our reserves and to be in a position where we can get back to using the upstairs setting in the community centre. Unfortunately due to the financial position of Nottingham City Council we are unsure of the future of the community centre, the community centre committee may increase our rent significantly to cover their increase in overheads as Nottingham City Council gradually remove any support the community centre receive from them.

Signed on behalf of the charity’s trustees:

Signed ______ Date _ Sarah Jayne Brooks, Trustee

Independent examiner’s report to the trustees of Kiddy Winks Pre-School for the year ended 31 March 2024

I report to the trustees on my examination of the accounts of Kiddy Winks Pre-School (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’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 examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records.

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.

Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus

Kiddy Winks Pre-School Receipts & payments account for the year ended 31 March 2024

2023 Total Funds £ Note Receipts 142167 Grants & donations 2 10943 Fees 1767 Luncheon club fees 177 Fundraising & sales 155054 Total receipts Payments 44 Activities, events & trips 982 Cleaning & maintenance 664 Equipment & play materials 446 Hospitality & gifts 428 Independent examination fee 932 Insurance 1269 Payroll service 441 Printing & stationery 4718 Professional services 9771 Rent & room hire 1268 Telephone, internet & postage 140 Training - Travel 127482 Wages, NI & pension 39 Sundry payments 148624 Total payments 6430 Net receipts/(payments) 20233 Cash funds at start of this period 26663 Cash funds at end of this period	Unrestricted Funds £ 150099 12471 1356 300 164226 - 959 1087 579 540 1002 1152 111 4426 5300 1058 110 3 108527 214 125068 39158 21879 61037	*2024* Restricted Total Funds Funds £ £ 4105 154204 - 12471 - 1356 - 300 4105 168331 - - - 959 594 1681 - 579 - 540 - 1002 - 1152 618 729 - 4426 - 5300 - 1058 - 110 - 3 4784 113311 - 214 5996 131064 (1891) 37267 4784 26663 2893 63930

Kiddy Winks Pre-School Statement of assets and liabilities at 31 March 2024

2023 £ Cash assets Note 26647 Bank accounts 16 Cash in hand 26663 Other monetary assets 311 Prepayments - Insurance 448 Debtors - Fees 759 Assets retained for the charity’s own use Table and chairs, purchased November 2018, cost £528. Liabilities (1128) Creditors 4 (1128)	*2024* £ 63925 4
	63929
	223 727
	950
	(1225)
	(1225)

These financial statements are accepted on behalf of the charity by:

Signed _____ Dated _____ Joanne Flint, Trustee

Kiddy Winks Pre-School Notes to the accounts for the year ended 31 March 2024

1. Receipts & payments accounts

Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.

2. Grants & donations

Nottingham City Council Sundry donations	Unrestricted Restricted Total £ £ £ 149848 4105 153953 251 - 251 150099 4105 154204

3. Funds analysis

Restricted funds EYPP Unrestricted funds General	Opening balance £ 4784 4784 21879 21879	Receipts £ 4105 4105 164226 164226	(Payments) £ (5996) (5996) (125068) (125068)	Closing balance £ 2893
				2893
				61037
				61037

EYPP – (Early Years Pupil Premium) is extra funds from local government to support learning for low income families of children over the age of 3 years old. Purpose: to provide extra curricular equipment/acticities to support learning in areas where the child is under developed.

4. Creditors

Independent examination fee Wages, NI & pension	£ 600 625
	1225

5. Trustees’ remuneration During the period, a salary of £15,285 was paid to one trustee, Joanne Flint, who is employed by the charity as the Finance and Admin worker.

6. Related party transactions

There were no related party transactions in this period.

Kiddy Winks Pre-School

7. Glossary of terms

Creditors: These are amounts owed by the charity, but not paid during the accounting period.

Debtors: These are amounts owed to the charity, but not received in the accounting period.

Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.

Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.