Great Ellingham Preschool Registered Charity Number 1160412 ## **Report of the trustees for the year ending 28[th] February 2023** ## **Our purpose** The purpose of Great Ellingham Preschool (‘the preschool’) is to advance the education of children below compulsory school age in Great Ellingham, Norfolk and the surrounding areas by: - Providing safe and stimulating play and activities, in which parents have the right to take part; - Encouraging other charitable activities through which parents may help the children; - Promoting children’s social, intellectual and physical development through play and structured activities, preparing them for a smooth transition from preschool to school; and - Providing preschool education under the guidance of the Early Years Foundation Stage (EYFS) statutory framework for children aged 2 years to compulsory school age. We support a variety of children and families, including those with special educational needs, and prepare all children for their transition to school in a fun and educational environment. ## **How we are structured and managed** The preschool is managed by a General Manager, who supervises six members of staff. A group of voluntary trustees are responsible for overseeing the management of the preschool. Trustees are parents of children attending the preschool and/or members of the local community. Trustees are recruited by requesting expressions of interest from parents and members of the wider community, and the preschool committee approve the appointments. The preschool committee is made up of6 trustees. The committee meets approximately once per month as set out in the Charity Constitution. Trustees from 1[st] March 2022 to the date of approval of this report have been: Chair: Lynnette Leslie Treasurer: Tammy Gardiner Secretary: Gemma Snelling/Clare Hinton ## **Additional committee members for this period have been:** Natalie Snelling Lyndsey Tilley Lorina Saffell Rhia Marriott Gemma Killingback Laura Reynolds Robert Tilley In managing the preschool activities, the trustees have considered the preschool’s constitution, requirements set out in section 17(5) of the Charities Act 2011, and guidance set out by the Charities Commission, including that on public benefit requirements where relevant. ## **Our activities and achievements during the year** The year March 2022 to February 2023 has seen the preschool go from strength to strength with numbers of children and fundraising activities being organised. The possibility of a stand alone building for the preschool has added to the efforts and making this a possibility has been added to the list of the preschools priorities to help with the enrichment of the children's time with us. Again we had an uplift in numbers of children starting at the preschool in September. We have taken on new members of bank staff to help keep the preschool running as smoothly as possible. ## **Financial review** During this year, the preschool generated income of £90,699.07 and incurred expenses of £77,061.38. The surplus generated this year of £17,637.69 has allowed us to put towards our own stand alone building within the current preschool garden and expand the garden meaning the preschool will be able to operate on Wednesday as well. Due to changes in National Minimum wage and staff pay some of this money has been allocated into the reserves pot for futureproofing the preschool. The preschool has a reserves policy that requires sufficient funds to be held to cover staff wages for 3 months and to help cover contingencies in the event of emergencies, such as additional rent in the event that the current building was unusable. This policy has been adhered to throughout the financial year. Approved by the trustees of Great Ellingham Preschool on 5th March 2024, and signed on their behalf by: Lynnette Leslie Chair of Great Ellingham Preschool Committee 5th March 2024 **Great Ellingham Preschool Profit & Loss 01/03/2022 to 28/02/2023** ||4403
NCC Funding
£55,875.14
7903
Interest Received
£63.60
7906
Preschool fees
MON am - Monday Morning
£1,428.30
MON lunch - Monday Lunch
£205.71
MON PM - Monday Afternoon
£309.50
MON ALL - Monday All Day
£5,297.40
TUE AM - Tuesday Morning
£2,004.75
TUE Lunch - Tuesday Lunch
£250.86
TUE PM - Tuesday afternoon
£470.44
TUE ALL - Tuesday All day
£4,762.80
THUR AM - Thursday Morning
£2,049.30
THUR Lunch - Thursday Lunch
£342.09
THUR PM - Thursday afternoon
£1,387.26
THUR ALL - Thursday all day
£3,423.60
FRI AM - Friday Morning
£807.30
FRI Lunch - Friday Lunch
£580.84
FRI PM - Friday Afternoon
£2,306.38
FRI ALL - Friday All Day
£4,492.80
Unassigned
£47.03
7913
Donations
£1,623.10
7915
GEPS Fundraising Event
£2,984.00
7916
Logowear Uniform
£50.70
7918
Photographs
£68.40
**TOTAL**
**CODE**
**NAME**
**TURNOVER**| |---|---| 05/03/2024 19:05 1 ## **Great Ellingham Preschool Profit & Loss 01/03/2022 to 28/02/2023** ||7925
GEPS Christmas Fayre
-£76.37
10004
GEPS Sports Day
-£15.27
10005
GEPS Sports Day
-£20.59
10008
Petty Cash
-£20.00
**TOTAL**
**CODE**
**NAME**
**Total Turnover**
**£90,699.07**
**TOTAL**
**CODE**
**NAME**
**Total Cost Of Sales**
**£0.00**
**Gross Profit**
**£90,699.07**
**LESS COST OF SALES**| |---|---| 05/03/2024 19:05 2 ## **Great Ellingham Preschool Profit & Loss 01/03/2022 to 28/02/2023** ## **LESS EXPENSES** ||**LESS EXPENSES**|| |---|---|---| |**CODE**|**NAME**|**TOTAL**| |7100|Rent|£2,630.75| |7502|Telephone|£90.00| |7504|Stationery & Office Consumables|£69.25| |7603|Professional Fees|£694.70| |7907|Playground improvement|£453.11| |7927|GEPS Fund Assoc costs|£17.13| |7928|Christmas Presents for Children|£48.00| |8204|Insurance|£708.74| |8206|Playground equipment|£5.98| |8207|Indoor Play Equipment|£6.99| |8211|Craft Materials / Consumable Play equipment|£622.46| |8212|Expenditure queries|£72.97| |8219|Heating|£250.00| |8223|Cleaning Materials /Personal Hygiene supplies|£216.78| |8226|Staff Training|£315.90| |8227|Books & DVDs|£30.00| |8229|OFSTED|£35.00| |8231|Staff costs (Tea, coffe, milk)|£198.25| |8237|Postage|£38.98| |8238|Plants & Garden|£46.39| |8241|Committee costs|£1,059.20| |8247|Computer equipment|£722.49| |8248|Wages|£61,646.41| |8249|Equipment|£718.80| 05/03/2024 19:05 3 **Great Ellingham Preschool Profit & Loss 01/03/2022 to 28/02/2023** ||8252
DBS Costs
£212.40
8254
Gompels
£545.64
10003
Pensions
£1,485.06
10007
Staff Appreciation
£120.00
**TOTAL**
**CODE**
**NAME**
**Total Expenses**
**£73,061.38**
**Net Profit**
**£17,637.69**| |---|---| 05/03/2024 19:05 4 II1QEE￿T￿MlNEs STATEMENT In ¢onlun¢tlon ￿th my ￿amIn•l[0n, no m•tter ho9 com• io myatt•ntlon.' Vthich gNes me reasonable ¢ouse to believe thBI in 8ny rn*eri81 fespe¢tth8 r•quiremeNs: To keep accouniing records in accordance wrth section 130 of the 2011 Act- To p￿pare accounts which accord With the accounting records and comply Wllh the accountin8 requiiernentsollhe 2011 Act Have not been mei" or To whtch. in myopinion. atteniion should be dtawn in orderto enable propel undeFstandinKofthe accountsto be leached. Signed.. C18ire Blyi