CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Reportfor the period From 1st September 2020 Period end date Period start date To 31st August 2021 Charity name: Telford Preschool Charity registration number:1154923 Objectives and Activities SORPreference Para 1.17 Summary of the purposes of the charity as set out in its governing document To provide a safe, secure, stimulating and caring environment in which children can learn and develop a sense of achievementthrough play. To promotean atmosphere where every child feels thatthey belong and has a contribution to make, developing their own self-esteem and independencewhich will helpthem to make a natural transition to fulltime schooling. To ensure 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 individLJal stages of development within the EYFS. To always look at ways to improve and update the environment, layout, equipment and resources available within the Preschool Summary ofthe main activilies in relation to those purposes for the public benefit, in particular, the activilies. projects or services identified in the accounts. Para 1.17 and 1.19 The programme of activities provided forthe children, planned by the staff, is in accordance with and followed the Early Years Foundation Guidelines. Children choose which activities theywould like to participate in each session. The staff plan activities on a theme alongside the free play. There is regular accessto the garden, which includes a covered space, as well as regular forest school sessions. Planned activities include butare not limited to cooking and making seasonal crafts. The staff work with the children to practice basic phonics work, letter recognwtion and numeracy- appropriate to their age. Preschool is open to all who apply and we operate a waiting list. We accept Nursery Education Funding Grants which means children from any background can attend and we have a diverse intake. In planning ouractivities and programmes for the children, we keep in mind the Charity Commissions guidance on public benefit atour trustee meetings. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional information (optional) You ma choose to include further statements where relevant aboLrt'. SORP reference Para 1.38 Policy on grant making Par3 1.38 Policy on social investment including program relaled investment Para 1.38 Contribution made by volunteers Other Achievements and Perfomiance SORP r8f8r8nce Providing pre-school education for approximately 50 children in a safe, secure, stimulating, and caring setting. Summary ofthe main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Preschool achieved a 'good' Ofsted grading in October2016 and continues to provide exciting learning opportunities to children through sessional care. The new managementteamtook upthe reigns in January 2018, and continue 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 raffle's and a successf ul Amazon wish list for families to buv educational toys and board games. Preschool remained open through out Covid 19 pandemic, keepingchildren, staff and families safe. The trustees have continued and implemented a sustainable business model with forward planning. Ensured Preschool is followingall Policies and Procedures and has high priority for Safeguarding procedures. Additional information (optional) You ma choose to include further statements where relevant aboLrt: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity's|Para 1.21|| |financial position at the end||| |of the period||| |Statement explaining the|Para 1.22|We have a reserves policy to maintain a| |policy for holding reserves||reserve of£23,000.| |stating why they are held||The reserves are unrestricted funds that are| |||freely available to spend on any of the 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 ongoing Covid-19| |||pandemic and the uncertainty of the renewal| |||of our Lease. We are currently not spending| |||money on our building except for emergency| |||work. This is a temporary decision and advised| |||byWCC.| |||. Planned spending has been put on hold as we| |||are not aware of the financial impact that covid| |||or any lease decisions would have and we want| |||to ensure that we remain financially viable.| |Amount of reseres held|Para 1.22|**£63,349.31**| |Reasons for holding zero
reseres|Para 1.22|**n/a**| |Details of f und materially in|Para 1.24|**none**| |deficit||| |Explanation of any
uncerainties about the
charit continuing as a going|Para 1.23|| |concern||| ## **Additional information (optional)** Y ou may c oose o inc u e u h t . I d f rth er s a emen s w ere re evan a ou : t t t h t b t |

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t b t| |---|---|---| |||The majority of our income arises from Nurser| |||Education Funding Grants and fees from the| |The charity's principal
sources of f unds (including|Para 1.47|children attending the Preschool.| |any f undraising)||The trustees, staff and parents, fund raised| |||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 includinq any|Para 1.46|| social investment policy adopted Covid 19 uncertainties placed stress and potential finance risk on Preschool when times were unknown. A description of the principal risks facing the charty Par8 1.46 Limited fundraising events. Ongoing renewal of our lease due to our building not meeting the correct EPC rating. We are awaiting the councils resolution. Other Structure, Governance and Management Description of charity's trusls.. Type of governing docutnent Para 1.25 Model CIO Constitution forchildcare Providers 2013 CIO Icharitable Incorporated Organisationl How is the charity constrtuted? ,j LJI 111 uiirporalod 1-;socidl p,n. CIO) Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entl￿ed to appoint one or more truslees Para 1.25 Para 1.25 Trustees are appointed or re-appointed annually and the AG M is held in September. Additional information (optional) You may choose to include further statements where relevanl about.. The preschool works to its policies and procedure documents which are updated annually. Policies and procedures adopted for the induction and training of trustees Para 1.51 The playschool was rebranded Telford Preschool in July 2019. Safe8uardin8 of the children attending is always the primary concern of Telford Preschool. The Ivolunteerl team of Trustees oversees the organisation of the Preschool and the line managementofthe manager.The manager oversees the dayto day runningof the Preschool and the line managementof all otherstaff. The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Telford Presch(x)I Other name the chari uses Re istered charil number Charity's principal address None 1154923 Telford Preschool Kelvin Road Leamington Spa CV32 7TE Names of the charity trustees who manage the charity Dates acted If not for who18 ar Trustèè nama Officè Ilf any) Narne of p8rson lor bodyl entit18d toa oint trustaa rfan Katherine Watson Chair Francine Stetina- Bhimani Committee member Adele Carter Kate D'Alessandro Secretary Committee member Claire Harman- Shetwood Committee member 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors al the date the re Director name rtwasa roved Name of trustees holding title to property belonging to Ihe charity Trustee name Date5 acted rf not for whole Funds held as custodiantrustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the Gharily's own assets Additional information {optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of key personnel details Othero tional information Declarations The trustees declare that they have approved the trustees. rèport above. Signed on behalf of the charily's trustggs Signature{s) Full name(s) Posltlon leg Secretary, Chalr, etc> Katherine Watson Chair Dale 2.2.2022 ## **Independent examiner's report on the accounts** |**Section A**
**Independent Examiner’s Report**|**Section A**
**Independent Examiner’s Report**| |---|---| |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|**Charity no**
**(if any)**
(remember to include the page numbers of additional sheets)
Telford Preschool
31 August 2021
1154923
1 - 15| ||(remember to include the page numbers of additional sheets)
1 - 15| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2021 **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** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination 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 - 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:**
**Name:**
**Relevant professional**
**qualification(s) or body**||10/06/2022| |---|---|---| |||| ||Rebecca Coles|| |||| ||ACCA|| **Oct 2018** 1 **IER** **(if any): Address:** Newton Hall, Town Street, Newton, CB22 7ZE **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** No matters of concern were identified during the independent examination. **any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER** ## **TELFORD PRESCHOOL REGISTERED CHARITY NO 1154923 RECEIPTS AND PAYMENTS FOR THE YEAR TO 31 AUGUST 2021** |**Notes**
**Period to 31st**
**August 2021**
**£**
**Income**
Funding
76,207.29
Fees
21,023.00
Fundraising & Donations
381.41
Coronavirus Job Retention Grant
-
Interest
53.53
**Total Income**
**97,665.23**

**Less Operating Expenses**
Accounting, Bookeeping & Payroll
2,193.75

Art & Craft Consumables
479.36
Furniture & Equipment
2
364.40
Fundraising Expenses
-
Health, Hygiene & Cleaning
1,257.79

HMRC & Pensions
6,301.23
Insurance, ICO & Ofsted
829.85
Phone & Broadband
789.39

Postage, Printing & Stationery
410.01
Rent & Rates
4,036.26
Repairs & Maintenance
306.00
Snacks & Food
154.16
Staff & Child Welfare
160.80
Subscriptions
79.99
Toys, Books & Resources
1,147.68
Training and DBS
451.00
Utilities
4,196.14
Wages
67,604.72
Waste Collection
1,322.88
Website & Advertising
84.00
**Total Operating Expenses**
**92,169.41**
**Surplus/Deficit**
**5,495.82**
Cash balances b/f
57,853.49
**Balances c/f**
**63,349.31**|**Period to 31st**
**August 2020**
**£**
74,174.06
16,817.00
1,331.28
1,168.42
186.21
| |---|---| ||**93,676.97**| ||-

-

2,994.46

330.00

-
6,320.59
680.61
732.96
-
1,833.36
5,497.56
-
-
-
-

828.16
-
65,634.97
-
-| ||**84,852.67**| ||| ||**8,824.30**| ||49,029.19| ||**57,853.49**| ## **TELFORD PRESCHOOL REGISTERED CHARITY NO 1154923 STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR TO 31 AUGUST 2021** |**Notes**
**RESERVES**
Balance b/f
Excess income over expenditure
**CASH FUNDS**
Current Account
Deposit Account
**LIABILITIES**
Independent Examination
3
PAYE/NI
4
Energy recharge
Water & sewerage recharge
Rent
**FUNDS OF THE CHARITY**
Restricted funds
Unrestricted funds|**Period to**
**31st August**
**2021**
**£**
57,853.49
5,495.82
63,349.31
17,593.26
45,756.05
63,349.31
180.00
369.55
-
-
-
549.55
-
63,349.31
63,349.31|**Period to**
**31st August**
**2020**
**£**
49,029.19
8,824.30| |---|---|---| |||57,853.49| |||12,150.97
45,702.52
| |||57,853.49
| |||-
-
-
1,857.46
221.76
1,375.02| |||3,454.24| |||-
57,853.49| |||57,853.49| - ## **TELFORD PRESCHOOL REGISTERED CHARITY N NOTES TO THE ACCOUNTS** ## **1 ACCOUNTING POLICIES** ## **Basis of Accounting** The financial statements have been prepared on the receipts and payments basis. ## **Income** All income is included at the time of receipt. ## **Expenses** All expenditure is accounted for at the time of payment. ## **2 EQUIPMENT** All equipment purchased by the charity is included under these headings as an expense. No items have been capitalised. ## **3 INDEPENDENT EXAM AND BOOKKEEPING FEES** £180 due for Independent Examination costs for the 2020-2021 financial year. ## **4 PAYE/NI** PAYE/NI contributions for the month of August due after 06.09.21.