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ALVERSTOKE PRE SCHOOL
TRUSTEES’ ANNUAL REPORT
and
RECEIPTS AND PAYMENTS ACCOUNTS
31 JULY 2022
Charity Registration No: 1152783
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ALVERSTOKE PRE SCHOOL
CONTENTS
31 JULY 2022
CONTENTSPage
Trustees’ annual report 3 - 5
Independent examiner’s report 6
Receipts and Payments Accounts 7
Statement of assets and liabilities 8
Note to the accounts 9
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ALVERSTOKE PRE SCHOOL
TRUSTEES’ ANNUAL REPORT
Year ended 31 July 2022
THE CHARITY
Registered name : Alverstoke Pre School
Registered address : Bury House, Bury Road, Gosport PO12 3PX
Legal Status : Unincorporated association
Registered charity no: 1152783
Telephone no. : 02392 526247
Email address : manager@alverstokepreschool.co.uk
BOARD OF TRUSTEES
Chairman:
John Foley
Treasurer:
Miroslava Kurshumova
Elected members:
Louise Lewis
Leanne Diamond
Zoe Vickers
Suzannah Arde (appointed 4/4/2022)
Jennifer Green (appointed 1/7/2022)
PROFESSIONAL ADVISERS
Independent Examiner: D Clarke ACA, Wood, Hicks & Co Ltd,
Chartered Accountants, Units 1-2 Warrior Court,
9-11 Mumby Road, Gosport, Hampshire, PO12 1BS
Bankers : Barclays, 67-69 West Street, Fareham, PO16 0AT
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ALVERSTOKE PRE SCHOOL
TRUSTEES’ ANNUAL REPORT
Year ended 31 July 2022
SECTION 1 – OBJECTIVES AND ACTIVITIES
The aim of the Preschool is to enhance the learning and development of children
primarily under the statutory school age following government guidelines set out
through the Early Years statutory framework through the Early Years Foundation Stage.
The Preschool works in partnership with parents within the area to understand and
provide a service for all children within the local community. The Preschool does
this by:
-
a) Offering appropriate play, education and care facilities in an enriching and nourishing environment. This is done by offering parents extended hours to fit their needs and offers parents the rights to take responsibility to become involved in activities and opportunities for their children regardless of their race, culture, religion, means or ability. -
b) The Preschool studies and observes the needs of such children and their families by promoting public interest and in turn recognises and supports the needs within our local community. -
c) Adhering to the aims and objectives of the Preschool Learning Alliance and working closely with parent partners and governing bodies such as Ofsted the Preschool delivers a safe, nurturing and affordable Preschool for children to learn and grow.
We confirm the Trustees have had regard to the guidance issued by the Charity
Commission on public benefit.
Activities
The term time only Preschool offers a safe, stimulating and nurturing environment for
children aged 2,3 and 4 years old. The Preschool offers a huge range of resources and
activities for children to explore and extend their development throughout the Early
Years Foundation Stage. The Preschool use statutory guidelines and aid development of
all children who attend the setting through observation of learning. Government
funding for eligible children is allocated in accordance to guidelines to ensure it
is used to fund and support the children’s learning environment.
SECTION 2 – ACHIEVEMENTS AND PERFORMANCE
The Preschool continue to provide nurturing, safe, quality affordable childcare
within the local community. We continue to improve our setting within our financial
constraints and using observations of the children within their play we as a setting
have been growing areas within the setting to offer enticing and enriching
opportunities.
We have continued to introduce loose parts to most areas within the setting
encouraging exploration and giving the children more opportunities to use their
imagination and to have endless scope. We have tried to strip back some of the
resources so there is a less is more approach in order not to over stimulate. We have
introduced everyday objects to both the water area and sand area and are beginning to
move away from plastic. The children have embraced these new opportunities as it has
given them more scope to initiate their own play and build on problem solving and
investigating skills.
We have introduced a playdough station which is available daily with the intention to
support fine motor skills and build on those early pre-writing skills, as well
opportunities for children to busy themselves with a more therapeutic activities
whilst continuing to test their own ideas and explore different textures through
their senses.
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ALVERSTOKE PRE SCHOOL
TRUSTEES’ ANNUAL REPORT
Year ended 31 July 2022
SECTION 2 – ACHIEVEMENTS AND PERFORMANCE (continued)
We have re-launched our bug hotel area as this was looking tired, we have involved
the children with this as they drew pictures of designs of how they wanted the bug
hotel to look. They decided colour may entice the bugs to our garden more if we
painted the structure, so with this in mind we painted it purple and used more
pallets this time to make it bigger and more stable. The children are now able to use
the hotel more freely as we have also moved the location so children can observe
quite easily when enjoying outdoor play. We have a station of tools such as bug pots
and clip boards to investigate and record any findings. We are noticing this is
encouraging more of our children to explore the outdoors and have an understanding of
caring for living things within the environment.
SECTION 3 – REVIEW OF FINANCIAL POSITION
The Preschool had a deficit of £10,293 compared to a deficit of £29,290 in the
previous year. Our numbers have not recovered to what they were before the pandemic
and remain lower than normal. The cost of living has impacted us as a setting with
supplies and consumables etc. We have had a rent increase too within this period. We
have also had to factor in the minimum wage increase for our staff also.
Reserves
We currently hold a reserve fund of £26,136 in a separate account, the aim of this is
to sustain the daily operation of the Preschool should the income levels fall below
the expected. Alternatively, in the unlikely event the Preschool should need to close
the reserve fund would be used to cover staff redundancies.
Principle sources of funds (including fundraising)
Our primary source of funding is from the Government. The Preschool received 87% from
Government funding, this was received termly from Hampshire County Council. The
Preschool received just under 12% from fees for non-funded hours.
The Preschool is also registered as a charity through HMRC and is eligible to claim
gift aid on qualifying donations.
SECTION 4 – STRUCTURE, GOVERNANCE AND MANAGEMENT
The Governing Document for Alverstoke Preschool is the ‘Preschool Learning Alliance –
Model Preschool Learning Alliance Constitution 2011’. We are members of the Preschool
Learning Alliance, and adhere to their guidelines. Alverstoke Preschool is an
unincorporated Charity, and its Trustees are elected by Members.
By order of the Board
………………………………………………… Chairman ………………………………………………… Treasurer
John Foley Miroslava Kurshumova
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF ALVERSTOKE PRE SCHOOL
I report to the trustees on my examination of the accounts of the above charity for
the year ended 31 July 2022, which are set out on pages 7 to 9.
Responsibilities and basis of report
As the charity trustees, 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 the
applicable Directions given by the Charity Commission under section 145(5)(b) of the
Act.
The Trustees are responsible for the preparation of the accounts. The Charity’s
trustees consider that an audit is not required for this year under section 144(2) of
the Charities Act 2011 (the Charities Act) and that an independent examination is
needed.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination which gives me cause to believe that in,
any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or -
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Wood, Hicks & Co Ltd
Chartered Accountants
……………………………………………… Units 1-2 Warrior Court
D Clarke ACA 9-11 Mumby Road
Gosport
7 July 2022 Hampshire PO12 1BS
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ALVERSTOKE PRE SCHOOL
RECEIPTS AND PAYMENTS ACCOUNTS
Year ended 31 July 2022
2022 _ 2021
Unrest- Rest-
ricted ricted Total Total
£ £ £ £
RECEIPTS
Investments 4 4 6
Charitable activities – Note 1 11,814 82,594 94,408 98,448
——————— ——————— ——————————————
11,818 82,594 94,412 98,454
——————— ——————— ——————————————
PAYMENTS
Charitable activities – Note 2 16,155 88,550 104,705 127,252
——————— ——————— ——————— ———————
ASSET AND INVESTMENT PURCHASES
Purchase of fixed assets - 492
——————— ——————— ——————— ———————
TOTAL PAYMENTS 16,155 88,550 104,705 127,744
——————— ——————— ——————— ———————
NET RECEIPTS/(PAYMENTS) (4,337) (5,956) (10,293) (29,290)
——————— ——————— ——————————————
TRANSFERS BETWEEN FUNDS (6,000) 6,000 - -
——————— ——————— ——————————————
CASH FUNDS BROUGHT FORWARD (restated) 58,323 189 58,512 87,802
——————— ——————— ——————————————
CASH FUNDS CARRIED FORWARD 47,986 233 48,219 58,512
═══════ ═══════ ══════════════
The note set out on page 9 form part of these financial accounts.
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ALVERSTOKE PRE SCHOOL
STATEMENT OF ASSETS AND LIABILITIES
As at 31 July 2022
Unrest- Rest-
ricted ricted
£ £
CASH FUNDS
Current Account 43,460 (21,534)
Deposit Account 4,369 21,767
Cash in Hand 157 -
——————— ———————
47,986 233
═══════ ═══════
ASSETS RETAINED FOR THE CHARITY’S OWN USE
Computer Equipment 1,383 3,818
Operating Equipment 1,0394,859
——————— ———————
2,422 8,677
═══════ ═══════
LIABILITIES
PAYE 16527
——————— ———————
16 527
═══════ ═══════
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ALVERSTOKE PRE SCHOOL
NOTES TO THE ACCOUNTS
As at 31 July 2022
NOTES
1. Income from Charitable Activities
Unrest- Rest-
ricted ricted
£ £
Grants receivable and Donations
Early Year Education funding - 81,816
Early Year Pupil Premium funding - 294
Coronavirus Job Retention Scheme funding - 154
Winter grants -330
Donations 762 -
Fees and other income
User fees 10,921 -
Other operating income 131 -
——————— ———————
11,814 82,594
═══════ ═══════
2.Payments from Charitable Activities
Unrest- Rest-
ricted ricted
£ £
Payroll and related costs
Wages and salaries 10,50262,164
Staff training and welfare 291 1,379
Other direct costs
Consumable materials 59 4,287
Clothing 18 48
Rent 3,111 12,484
Winter grant vouchers - 340
Support, management and administrative costs
Telephone and postage 197 697
Printing and stationery 431 1,251
General insurance 120 800
Repairs and maintenance 321 1,147
Computer consumables and IT support 59 163
Subscriptions 332 1,294
Professional and finance costs
Accountancy fees 654 2,096
Professional fees 60 400
——————— ———————
16,155 88,550
═══════ ═══════
Approved by the Board of Trustees on
7 July 2023 and signed on its behalf
………………………………………………………………… Chairman
John Foley
………………………………………………………………… Treasurer
Miroslava Kurshumova
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