2020-08-31-accounts

						SORP reference
Summary		Ofthe purpOSeS			Of	Para 1.17
the charity as set			out	in its			~	To provide a safe, secure, stimulating
governing		document						and caring environment in which
								children can learn and develop a sense
								ofachievement through play.
							~	To promote an atmosphere where
								every child feels that they belong and
								has a contribution to make, developing
								their own self-esteem and
								independence which will help them to
								make a natural transition to fulltime
								schooling.
							~	Toensure each child is supported in
								developing their potential at their own
								pace by means of developmentally-
								appropriate play activities and a high
								level of individual adult input.
							~	To provide activities and experiences
								that are planned to meet their
								individual stages ofdevelopment
								within the EYFS.
							~	To always look at ways to improve and
								update the environment, layout,
								equipment and resources available
								within the Preschool
Summary activities		ofthe main in relation to those				Para 1.17and 1.19	The programme ofactivities provided for the children, planned by the staff, is in accordance
purposes		for the public					with and followed the Early Years Foundation
benefit,	in particular,			the			Guidelines. Children choose which activities
activities, services		projects identified	or in	the			they would like to participate in each session. The staff plan activities on a theme alongside
accounts.							the free	play. There is regular access to the
							garden,	which includes a covered space, as well
							as regular forest school sessions. Planned
							activities	include but are not limited to cooking
							and making seasonal crafts. The staff work with

					Providing pre-school education for
					approximately 50children in a safe, secure,
					stimulating, and caring setting.
Summary ofthe main achievements ofthe charity,				Para 1.20	Preschool achieved a 'good' Ofsted grading	in
identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider					October 2016and continues to provide exciting learning opportunities to children through sessional care.
benefits to society as a whole.					The new management team took up the reigns in January 2018,and two other new members
					ofstaff joined at this point. The new
					management team have continued to develop
					Preschool offering families in the local
					community a good early year's provision.
					Staffing retention has remained stable during
					this period.
					We had a successful range of fundraising
					events including a Christmas raffle and
					Poinsettia sale.
					Preschool remained open through out Covid 19
					pandemic, keeping children, staff and families
					safe.
					The trustees have continued and implemented
					a sustainable business model with forward
					planning.
					Ensured Preschool is following all Policies and
					Procedures and has high priority for
					Safeguarding procedures.

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

inancial Review
Review ofthe charity's		Para 1.21
financial position at the end
ofthe eriod Statement explaining the policy for holding reserves stating why they are held		Para 1.22	We have a reserves policy to maintain a reserve off23,000. The reserves are unrestricted funds that are freely available to spend on any ofthe Trust's
			charitable purpose. They are held to service	an
			unexpected need for funds, covering
			unforeseen day-to-day operational costs, a
			shortfall in income or to fulfil its obligations.
		"Reserve levels are reported as part of the
			finance report at every Trustees meeting.
		'	' We currently hold a larger sum than our
		:,. reserves policy states but this is due to the .uncertainty during the Covid-19 pandemic. ':Planned spending was put on hold as we were " not aware of the financial impact that this
			would have and we wanted to ensure that we
			remained financially viable. Fortunately we	did
			receive some support from the government
			and Local Authority so we didn't need to be so
			financially reserved.
Amount ofreserves held Reasons for hiding zero		Para 1.22 Para 1.22	K5?,853 n/a
reserves Details of fund materially	in	Para 1.24	none
deficit Explanation ofany		Para 1.23
uncertainties about the
charity continuing as a going
concern
Additional information (optional) You ma choose to include further statementa			where relevant about: The majority ofour income arises from Nursery Education Funding Grants and fees from the
The charity's principal sources offunds (including any fundraising)		Para 1.47	children attending the Preschool. The trustees, staff and parents, fundraised through the year to support the Preschool,
			putting on several events for the children	and
			their families to attend.
			Wages are our greatest expense, as our staff
			are our greatest asset
			n/a
Investment policy and objectives including any		Para 1.46
social investment policy
adopted

Structure,	Structure,	Governa	nce	and Manag	ement
Description of		charity's
trusts:
Type of governing document				Para 1.25	Model CIO Constitution		for Childcare Providers
					2013
How is the charity				Para 1.25	CIO (Charitable	Incorporated		Organisation)
constituted?
Trustee selection methods				Para 1.25	Trustees are appointed		or re-appointed
including	details of any				annually and the AGM		is held	in September.
constitutional		provisions	e.g.
election to post or name			of
any person or		body entitled
to appoint one or more
trustees
Additional	information		{optional)
You ma	choose to include further statements				where relevant	about:
					The preschool	works to its policies and
					procedure documents		which	are updated
Policies adopted	and procedures for the induction			Para 1.51	annually.
and training oftrustees					The original management team retired				in
					December 2017.The Trustees			recruited		a new
					management	team who started January				2018.
					The change was managed to			maintain	staff
					retention and	alleviate	parental concerns.
					The playschool	was rebranded		Telford
					Preschool in July 2019
					Safeguarding	ofthe children		attending	is
					always the primary concern ofTelford
					Preschool.
					The (volunteer) team ofTrustees oversees the
					organisation ofthe Preschool			and the	line
					management	ofthe manager. The manager
					oversees the	day to day running of the
					Preschool and the line		management ofall
					other staff.
The charity's structure and		organisational any wider		Para 1.51
network	with	which the
charity works
Relationship		with any		Para 1.51
related	parties

,me	s ofthe charity trus	s ofthe charity trus	tees who ma	nage the	charity
	Trustee name		Office (ifany)		Dates acted ifnot forwhole ear	Name to a	ofperson (or body} entitled oint trustee ifan
1	Katherine	Watson	Chair
	Francine	Stetina-	Committee	member
	Bhimani
3	Adele Carter		Secretary
4	Kate D'Alessandro		Committee	member
	Claire Harman-		Committee	member
	Sherwood
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Income Fees NEF Grants Fundraising and Donations Coronavirus Job Retention Bank Interest	Grant	16,817.00 74,174.06 1,331.28 1,168.42 186.21
		93,676.97
Expenditure Wages HMRC &Pensions		65,634.97 6,320.59
Equipment Maintenance		2,994.46 3,431.31
Accounting, book keeping 8 payroll Phone/Broadband		2,066.25 732.96
Rent		1,833.36
Training and DBS Electricity Fundraising Expenses Insurance, ICO 8 Ofsted		828.16 0.00 330.00 680.61
		84,852.67
Excess income over expenditure		8824.30
Cash funds last year end		49,029.19
Cash funds this year end		57,853A9
The cash funds atthe year end comprise: Current account		12,150.97
Deposit account		45,702.52
Total cash funds		57853.49

Income Fees		16,817.00
NEF Grants		74,174.06
Fundraising and Donations Coronavirus Job Retention	Grant	1,331.28 1,168.42
Bank Interest		186.21
		93,676.97
Expenditure Wages HMRC &Pensions		65,634.97 6,320.59
Equipment Maintenance		2,994.46 3,431.31
Accounting, book keeping Phone/Broadband	&payroll	2,066.25 732.96
Rent		1,833.36
Training and DBS Electricity Fundraising Expenses Insurance, ICO &Ofsted		828.16 0.00 330.00 680.61
		84,852.67
Excess income over expenditure		8824.30
Cash funds last year end		49,029.19
Cash funds this year end		57,853.49
The cash funds atthe year end comprise:
Current account		12,150.97
Deposit account		45,702.52
Total cash funds		57853.49