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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: Marlow Bottom Preschool CIO
Charity registration number: 1155265
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The CIO works for the public benefit having as its objects the development and education of children and young people in particular by: (1) promoting their care and safety; (2) promoting their education and promoting parental involvement; (3) promoting their health and wellbeing; (4) providing services to support them and their families and carers; (5) providing services to individuals holding membership of the CIO; and (6) furthering the aims of the Pre-school Learning Alliance. |
| 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 preschool has promoted the care and safety of the 44 children who attended. All staff members are expected to complete and keep up to date safeguarding and Paediatric first aid training. The preschool has promoted their education by assessing all the children in the prime (U3) and specific areas of learning and their starting points noted. We monitor closely any developmental areas of concern and provide directed teaching to support each child to improve on these areas and continue to thrive. The preschool has promoted the children’s health and well- being by providing healthy snacks. The preschool has encouraged parental |
| involvement through an open-door policy, key person system, website, weekly emails, open days, written reports. In addition, the management committee is made up of parents. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have regard to the guidance issued by the Charity Commission on public benefit. See clauses 5, 6 and 7 of the constitution. |
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 | According to the Ofsted report February 2023: The manager and staff provide a curriculum that follows children's interests and focuses on the development of the skills they will need for future learning. Staff use their observations and knowledge of the children to provide activities and opportunities to enhance children's learning. Staff have high expectations for children's behaviour, and children generally behave well. Children have good attitudes to learning, and the staff plan focused activities that develop a variety of skills at one time and develop and extend children's language skills and understanding of the world. Staff support children's use of mathematical language and understanding of numbers well, and the children learn to recognise numbers and count confidently. Parents are highly valued as partners and speak very positively about the provision. They warmly describe how happy their children are to attend the preschool and talk about the 'phenomenal' progress their children have made. A significant strength of the pre-school is the quality of the relationships between staff and children. Children settle quickly due to the very caring and welcoming nature of the staff, as well as the well- established routines. |
|---|---|---|
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 | The preschool currently ended the year with a surplus of £1,147 created by higher revenue incomes but affected by higher payroll costs due to increases in NMW and including a discretionary employee bonus. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Preschool Learning Alliance recommends holding 3 months running costs in reserve – approximately £32,000. We prefer to have about 6 months. |
| Amount of reserves held | Para 1.22 | £105,762. The viability of preschools in the local area has proved to be extremely difficult with several closing down. With this backdrop, the committee have been more conservative with the level of operating costs to reserves ratio. |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
| Additional information (optional) You may choose to include further statements |
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 | 58% of income comes from Buckinghamshire County Council. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 elected to post by family and affiliate members of the CIO at the AGM. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Marlow Bottom Preschool CIO |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1155265 |
| Charity’s principal address | The Village Hall, Marlow Bottom, Buckinghamshire, SL7 3NA |
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) |
|---|---|---|---|---|
| Sophia Corbitt | Chair | |||
| Sonia Johal | Treasurer | |||
| HayleyHorn | Secretary | |||
| Jassmine Wixon | Communications | |||
– 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)
Tina Horler
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) B. Jansing Full name(s) Bethan Jansing Position (eg Secretary, Treasurer Chair, etc) Date 30th June 2024
Management Report
Marlow Bottom Pre-school Charitable Incorporated Organisation For the period ended 31 August 2023
Prepared on 30 June 2024
For management use only
Table of Contents
Profit and Loss ................................................................................................................................................3 Balance Sheet .................................................................................................................................................4
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Profit and Loss
September 2022 - August 2023
| Profit and Loss September 2022 - August 2023 |
|
|---|---|
| Total | |
| INCOME | |
| Donations for Provisions | 2,818.00 |
| Fees - Bucks CC | 72,780.76 |
| Fees - Parent Under 3 | 35,613.50 |
| Fees - Parents Over 3 | 7,973.88 |
| Fundraising Income | 4,688.00 |
| Other Income | 1,824.00 |
| Total Income | 125,698.14 |
| GROSS PROFIT | 125,698.14 |
| EXPENSES | |
| Accountancy | 261.00 |
| Advertising/Promotional | 203.04 |
| Bank Charges | 42.50 |
| Children's Events | 1,956.33 |
| Cleaning | 893.04 |
| Computer Costs | 230.98 |
| Equipment | 46.29 |
| Fundraising Expenses | 623.63 |
| Insurances | 825.55 |
| Learning Resources | 2,195.01 |
| Office/General Administrative Expenses | 2,324.79 |
| Payroll Expenditures | 106,043.70 |
| Pension | 1,403.64 |
| Rent | 6,670.00 |
| Supplies Refreshments | 870.43 |
| Training | 716.00 |
| Total Expenses | 125,305.93 |
| NET OPERATING INCOME | 392.21 |
| OTHER INCOME | |
| Interest earned | 755.65 |
| Total Other Income | 755.65 |
| NET OTHER INCOME | 755.65 |
| NET INCOME | £1,147.86 |
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Marlow Bottom Pre-school Charitable Incorporated Organisation
Balance Sheet
As of August 31, 2023
| Balance Sheet As of August 31, 2023 |
|
|---|---|
| Total | |
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| Business Bank Account | -45.58 |
| Petty cash | 53.49 |
| Santander Business Account | 47,483.04 |
| Savings United Bank | 58,983.79 |
| Savings Virgin | 10,284.23 |
| Total Cash at bank and in hand | 116,758.97 |
| DEBTORS | |
| Debtors | 198.39 |
| Total Debtors | 198.39 |
| CURRENT ASSETS | |
| Payment in advance | 2,178.75 |
| Total Current Assets | 2,178.75 |
| NET CURRENT ASSETS | 119,136.11 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| Trade Creditors | |
| Creditors | 2,284.78 |
| Total Trade Creditors | 2,284.78 |
| Current Liabilities | |
| Accruals and Deferred Income | 9,155.77 |
| Client Trust Accounts - Liabilities | 1,482.75 |
| Tax and National Insurance | 450.71 |
| Total Current Liabilities | 11,089.23 |
| Total Creditors: amounts falling due within oneyear | 13,374.01 |
| NET CURRENT ASSETS(LIABILITIES) | 105,762.10 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 105,762.10 |
| TOTAL NET ASSETS (LIABILITIES) | £105,762.10 |
| CAPITAL AND RESERVES | |
| Retained Earnings | 104,614.24 |
| Profit for theyear | 1,147.86 |
| Total Capital and Reserves | £105,762.10 |
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Marlow Bottom Pre-school Charitable Incorporated Organisation
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