2024-08-31-accounts - The Wendover Pre-School

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CIO The Wendover Pre-school

Annual Report

1 September 2023 to 31 August 2024

Contents

Trustees’ Report

Statement of Financial AcFviFes

Notes to the Accounts

Examiner’s Report

CIO The Wendover Pre-school

Trustees’ Report

Reference and AdministraFve Details

Charity’s name : The Wendover Pre-school Charity’s Registration Number : 1157324 Charity’s Address : Wendover Memorial Hall, Wharf Road, Wendover, Bucks. HP22 6HF Charity’s Trustees : Sarah Williams, Sharon Tapping, Carol Gray, Lauren Bradshaw (no other persons served in this financial year)

Structure, Governance and Management

The Wendover Pre-school CIO was registered as a Charity on 5[th] June 2014 and has an “Outstanding” Ofsted report.

The Trustees correspond regularly throughout the year electronically and meet on a termly basis, if required.

All Trustees are volunteers. The Trustees are aware of the need to maintain a suitable mix of skills and diversity and regularly review these, and discuss if new Trustees are required.

The Wendover Pre-school have policies and procedures for the recruitment, induction and training of Trustees. All Trustees have an enhanced DBS.

Objectives and Activities

to “ Love, Laugh, Play and Learn Together”.

We know that children learn in a number of ways - through play, adult modelling, observing each other, guided learning and direct teaching. At The Wendover Pre-school we give children the best experience in their early years by providing a mix of these approaches across our curriculum.

Achievements and Performance

research and opinion in Early Years Prac^ce which supports reflec^on and keeps us current. It shows true resilience and dedica^on that the team con^nue to make The Wendover Pre-school a great place to start children on their Learning Journeys.

We con^nue to be supported by our wonderful Trustees who all take great interest and responsibility in the day to day running of the secng.

Financial Review

In the year 2023/2024 our income increased (£80,995) and our costs increased (£74,899). This left us with a profit for the year of £6,096.

The main reason for the increase in costs was staff wages due to the increase in the minimum wage.

The reason for the “profit” is increased funding from Bucks Funding Team for additional funding for children with additional needs, increase in hourly rates and county wide additional funding for 2 year olds, and our Early Years Teacher being part of the PIP Group and receiving funds. Some of the additional funding is still to be used and allocated.

At the end of this financial year our Bank Account held £42,355 (which includes our “reserves”)

Our main income comes from our Funding Agreement with the Buckinghamshire Council for funded children.

Other income is non funded children and fundraising and Grants.

Our Policy is to hold funds to cover 3 months running costs (£18,500), and in addition funds to cover staff redundancy (£19,000) in case of closure.

We were extremely lucky to have received a grant of £1,000 from a local businessman for the provision of extra resources for disadvantaged children. Thank you to this donor.

We also received a full grant from the Lionel Abel-Smith Trust of £2,614 for repairs to our garden. Repairs were completed during the Summer. Thank you to the Lionel Abel-Smith Trust.

The main risk factor facing the pre-school is the increased cost of staff. We staff the pre-school on ratios for our setting model.

Plans for the future of the pre-school include; maintaining/increasing our child numbers, raising our profile and further fundraising. We plan to do this with continued support of our parent volunteers, amazing staff and dedicated Trustees giving their time, thought and energy.

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The Wendover Pre-School

The Wendover Pre-School	The Wendover Pre-School
Statement of financial activities for the year ended 31 August 2024 Charity Number 1157324 31-Aug-24 Receipts BC Funding 54,322 BCC Funding 830 Donation 1,000 Fundraising 328 Grant 2,614 Parent Fees 21,456 Parent Fees (Deposit) 550 Parent Fees (Refund) (105) 80,995 Payments Audit (240) Entertainment (556) Expenses (76) Fundraising Expenditure - HMRC PAYE & NI (1,742) Insurance (869) Marketing (122) Membership (162) Ofstead (35) Payroll (408) Petty Cash (780) Pre-School Mobile (165) Rent (5,900) Repairs (3,134) Staff Ofsted/Christmas Party (276) Staff Training (30) Stationery (428) Wages (57,527) Web Hosting (300) Equipment (2,149) (74,899) Surplus/(Deficit) 6,096 Reserves b/fwd 36,259 Surplus/(Deficit) 6,096 Reserves c/fwd 42,355 Represented by: Current account 42,355 Carried forward 42,355		31-Aug-23 45,328 2,058 - 1,678 200 13,999 300 (344)
		63,219 (210) (60) (212) (869) (798) - (158) (35) (312) (650) (204) (5,780) - (62) (311) (441) (50,468) (332) (3,424)
		(64,326)
		(1,107) 37,366 (1,107)
	42,355 42,355 42,355	36,259 36,259
		36,259

Notes to the Accounts

Grants of £1,000 and £2,614 were received this year. Details included above in our Financial Review.

The Charity is exempt from Income and Corpora^on Tax.

No Gik Aid has been received.

Approval

These accounts were approved by the Trustee Chairperson on ** September 2024 and are signed on behalf of The Wendover Pre-school by :

S.Wi%iams S.Ta*ing

Sarah Williams Trustee Chairperson

Sharon Tapping Trustee / Manager

Date: ……29/04/2025…..

Examiner’s Report

Independent examiner's report to the trustees of The Wendover Pre-School

Charity Number 1157324

I report to the trustees on my examina1on of the accounts of the above charity for the year ended 31 August 2024.

**Responsibili*es and basis of report**

As the charity's trustees, you are responsible for the prepara1on of the accounts in accordance with the requirements of the Chari1es Act 2011 (“the Act”).

I report in respect of my examina1on of the charity’s accounts carried out under sec1on 145 of the 2011 Act and in carrying out my examina1on, I have followed all the applicable Direc1ons given by the Charity Commission under sec1on 145(5)(b) of the Act.

Independent examiner's statement

connec1on with the examina1on which gives me cause to believe that in, any material respect:

the accoun1ng records were not kept in accordance with sec1on 130 of the Chari1es Act; or
the accounts did not accord with the accoun1ng records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Chari1es (Accounts and Reports) Regula1ons 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a maMer considered as part of an independent examina1on.

I have no concerns and have come across no other maMers in connec1on with the examina1on to which aMen1on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Matt Ryan, FCCA

32 High Street, Wendover, Bucks, HP22 6EA Date: 1 May 2025