## **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
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7
8
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10
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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|||
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## – 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||
## **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**
1
**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**
2
**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|