2023-08-31-accounts - Telford Preschool

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Trustees’ Annual Report for the period

From 01/09/2022 (Period start date) To 31/08/2023 (Period end date)

Charity name: Telford Preschool

Charity registration number:1154923

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	• To provide a safe, secure, stimulating and caring environment in which children can learn and develop a sense of achievement 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. • 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 individual 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 of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The programme of activities provided for the children, planned by the staff, is in accordance with and following the Early Years Foundation Guidelines. Children choose which activities they would like to participate in each session. The staff plan activities on a theme alongside 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 the children topractice basicphonics work,

		letter recognition 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.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning our activities and programmes for the children, we keep in mind the Charity Commissions guidance on public benefit at our trustee meetings.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the 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	Providing pre-school education for approximately 50 children in a safe, secure, stimulating, and caring setting. Preschool achieved a 'outstanding' Ofsted grading in July 2022 and continues to provide exciting learning opportunities to children through sessional care. The new management team took up the reigns in January 2018, and two other new members of staff 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 raffle and joint fayre with adjoining infants school. 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.

Additional information (optional) You may choose to include further statements where relevant about:

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 financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We have a reserves policy to maintain a reserve of £23,000. 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. In relation to our lack of lease, mentioned below, we have been instructed to not invest money on the building etc which is why we have a much larger reserve pot than required.
Amount of reserves held	Para 1.22	£67,836.50
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	none
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The majority of our income arises from Nursery Education Funding Grants and fees from the 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 ourgreatest asset
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
	Para 1.46	Preschool lease has not been renewed. Preschool is on a monthly lease contract with the local authority.

A description of the principal risks facing the charity		Preschool failed its EPC rating. Preschool has worked hard to have dialogue with its landlords with little success.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed,royal charter)	Para 1.25	Model CIO Constitution for Childcare Providers 2013
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO (Charitable Incorporated Organisation)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed or re-appointed annually.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	The preschool works to its policies and procedure documents which are updated annually. 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 preschool was rebranded Telford Preschool in July 2019 Safeguarding of the children attending is always the primary concern of Telford Preschool. The (volunteer) team of Trustees oversees the organisation of the Preschool and the line management of the manager. The manager oversees the day to day running of the Preschool and the line management of all other staff.
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

Charity name	Telford Preschool
Other name the charity uses	none
Registered charity number	1154923
Charity’s principal address	Telford Preschool Kelvin Road Leamington Spa Cv32 7TE

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Katherine Watson	Chair
	Kate D’Alessandro	Committee member
	Claire Harman- Sherwood	Committee member

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees 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 charity’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

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	KWATSON
	Katherine Watson
	Chair
	24.05.24
	24.05.24

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name Telford Preschool On accounts for the year 31[st] August 2023 Charity no 1154923 ended (if any) Set out on pages 1 to 14 (remember to include the page numbers of additional sheets)

Report to the trustees

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2023.

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

Signed: Date: 24/06/2024 Name: Rebecca Coles Relevant professional ACCA qualification(s) or body (if any): Address:

Oct 2018

IER

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

IER

TELFORD PRESCHOOL REGISTERED CHARITY NO 1154923 RECEIPTS AND PAYMENTS FOR THE YEAR TO 31 AUGUST 2023

Notes Period to 31st August 2023 £ Income Funding 79,806.30 Fees 23,547.96 Fundraising & Donations 460.26 Coronavirus SSP Reclaim - Interest 258.36 Total Income 104,072.88 Less Operating Expenses Accounting, Bookeeping & Payroll 2,516.40 Art & Craft Consumables 307.66 Furniture & Equipment 296.14 Fundraising Expenses 3.00 Health, Hygiene & Cleaning 1,027.66 Insurance, ICO & Ofsted 717.00 Phone & Broadband 836.15 Postage, Printing & Stationery 440.72 Rent & Rates 3,372.36 Repairs & Maintenance 763.80 Snacks & Food 164.97 Staff & Child Welfare 124.00 Subscriptions 245.98 Toys, Books & Resources 143.25 Training and DBS 298.78 Utilities 4,766.83 Wages & Pensions 83,437.19 Waste Collection 1,117.73 Website & Advertising 121.04 Total Operating Expenses 100,700.66 Surplus/Deficit 3,372.22 Cash balances b/f 64,464.28 Balances c/f 67,836.50	Period to 31st August 2022 £ 79,154.70 18,790.00 803.35 168.61 15.05
	98,931.71
	2,686.05 462.14 901.02 - 1,052.57 767.56 913.69 587.73 2,474.07 1,552.58 153.22 51.00 128.47 283.77 768.41 3,360.39 80,467.02 1,055.98 151.07
	97,816.74

	1,114.97
	63,349.31
	64,464.28

TELFORD PRESCHOOL REGISTERED CHARITY NO 1154923 STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR TO 31 AUGUST 2023

Notes RESERVES Balance b/f Excess income over expenditure CASH FUNDS Current Account Deposit Account LIABILITIES Independent Examination 3 PAYE/NI 4 Pensions 5 Rent 6 FUNDS OF THE CHARITY Restricted funds Unrestricted funds	Period to 31st August 2023 £ 64,464.28 3,372.22 67,836.50 21,807.04 46,029.46 67,836.50 180.00 437.14 258.91 229.18 - 67,836.50 67,836.50	Period to 31st August 2022 £ 63,349.31 1,114.97
		64,464.28
		18,693.18 45,771.10
		64,464.28
		180.00 368.54 - 229.18 - 64,464.28
		64,464.28