## |T|ofadviser|Name
Address||| |---|---|---|---|---| |Name|ofchief executive|or names ofsenior staff members|(Optional|information)| ## ## |Additional
governance
iss|Additional
governance
iss|ues| |---|---|---| |You may choose to include||| |additional
information,
where||| |relevant,
about:||| |~|policies and procedures|| ||adopted forthe induction|and| ||training oftrustees;|| |~|the charity's organisational|| ||structure
and any wider|| ||network
with which the charity|| ||works;|| |~|relationship
with any related|| ||parties;|| |~|trustees'
consideration
of|| ||major risks and the system|| ||and procedures to manage|| ||them.|| |||'The charity works for the public benefit having as its objective the|'The charity works for the public benefit having as its objective the| |---|---|---|---| |Summary ofthe objects ofthe
charity set out in its
governing
document||development
and education ofchildren
and young people by:
1. Promoting
their care and safety
2.
Promoting
their education
and promoting
parental
involvement
3. Promoting
their health and well being
4.
Providing
services to support them and their families and carers|| |||5.|Providing
services to individuals
holding
membership
ofthe CIO| |||6.|Furtherin
the aims ofthe Pre-school leamin
alliance.| |||In considering
the activities ofthe charity the Trustees have had due|| |||regard|tothe guidance
on public benefit that has been issued by the| |||charity|commission.| |||The|main activities are summaries as:| ||||Provide accommodation
and equipment.| ||||Raise money to pay for the charity's activities.| ||||Make such payments
as shall be necessary| ||||Fix and collect the fees payable
in respect ofthe children| ||||attending
the groups.| |Summary ofthe main
activities undertaken|for the||Subject to adherence
with all applicable
legislation,
control the
admission
ofchildren to the groups
run and ifappropriate,
require| |public benefit in relation to
these objects (include within
this section the statutory
declaration
that trustees have|||parents or guardians
to withdraw
them.
As a member ofpre-school
learning
alliance, send a
representative
to vote at meetings
and participate
at local
meetings.| |had regard tothe guidance
issued by the Charity
Commission
on public
benefit)|||Setaside funds for special purposes oras reserves against future
expenditure.
Maintain
and pay for membership
ofpre-school
learning
alliance.
Ensure adequately
insured.
Employ and remunerate
staff as are necessary for carrying out| ||||the work ofthe charity.| ## |||||The trustees
have agreed a reserves
policy to hold a minimum| |---|---|---|---|---| |Briefstatement ofthe||||unrestricted
funds level off40,000.This isto cover the costs of| |charity's
policy on reserves||||redundancy
and 3months
rental
in the unlikely event that the setting| |||||needed to close. The current adjusted
unrestricted
reserves total
f87,251 and are F47,251 in excess of this minimum
position (following| |||||adjustment
for KCC income received
in advance). This position| |||||corn ares to an excess
osition of638,025 in the
revious
ear| |Details ofany funds|||materially|| |in|deficit|||| |Further Snancial review details||||(Optional
information)| |You may choose to
additional
information,
relevant about:||include
where||Atotal surplus off33,345was seen for the year. This is made up ofa
surplus
on restricted funds ofE2,369(see below) and a surplus of
unrestricted
funds off32,536| |~|the charity's
principal
sources offunds (including|||The surplus
shown,
is in part, the result oftiming differences associated
with KCC income relating to the 2021/22 year which was received at the| ||any fundraising);|||end of2020/21 of823,310and included
in those figures.
ARer adjusting| |~|how expenditure
has
supported
the key objectives
ofthe charity;|||for this, an unrestricted
surplus ofF10,035would have been seen, a
better position than the similarly adjusted
deficit ofEt0,007seen in the
previous year, by f20,042.| |~|investment
policy|and||The better position was due to higher levels ofKCC fee income received| ||objectives including||any|during the year, as a result ofa large number ofolder children,
all in| ||ethical investment||policy|receipt offunding,
offset by a fall in fees paid directly by parents and| ||adopted.|||guardians,
and Covid grants received
in 2019/20 which were not| |||||repeated
in 2020/21. The increase
in fees was also oflset by costs higher| |||||costs ofK13,262.| |||||The most significant cost remained
payroll expenses
totalling f152,818| |||||and the largest area ofincrease
in costs related to repair costs| |||||associated
with the replacement
ofheaters.| |||||The restricted
fund relates to SENIF and DAF funding
for children| |||||attending
the setting as well as a further instalment
ofKCC funding| |||||towards
training for staff in a collaboration
ofpreschools
in the local area.| |||||The balance off2,636relates to the training
funding
ofK1,410which is| |||||expected to be used in the 2021/22 financial year and DAF funding
for| |||||children
who have leR the setting ofE1,230,where agreement
is being| |||||sou htfortheuseofthefunds.| ## |||||||~|~||| |---|---|---|---|---|---|---|---|---|---| ||||Unreatricted|||Reatriotnd||Endowment|| ||Categories|Details|funds
tonewest||a|funda
toneanwt a||funds
Ionearest|f| |81Cash|funds|Bank Awnunts||110,187|||||| ||||Tolsl cashfunds»'|tla|get||2,999||| |||iawac sabsccs un rsceipn nw pspaccis|||||||| ||||accuses||||||| ||||Unresutctod|||||Endowment|| ||||funds|||||tends|| |||Dalai!a|tonewest||E|||tonearest|U| |82Other|monetary assets||||||||| |||Details|Fund
asset|towhich
baton||Cost lopaonau|||| |83Investment assets|||||||||| |||Details|Fund
asset|towhich
baton||Cost (opeonali|||| |84Assets retained for the|||||||||| |charity's|own use||||||||| ||||Ford|to which||Aolould doe|||| |||Details|n|nasbw|||||| |85Uahilities|||||||||| |Signed br onn ofboo lnlsl888 on
behalf ofal the hostess|||Signature||Print|Name||||