2023-08-31-accounts

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	The charity works forthe public benefit having as its objechve the	The charity works forthe public benefit having as its objechve the
	devekipment and education ofchildren and young people by:
	1.	Promoting their care and safety
Summary ofthe objects ofthe charity set out in its governing document	2. 3. 4. 5.	Promoting their education and promoting parental involvement Promoting their health and well being Providing services to support them and their families and carers Providing servioes to individuals holding membership ofthe
		Charitable Incorporated Organisation (CIO)
	6.	Furtherin the aims ofthe Ea Yearn Alliance.
	In considering the acbvities ofthe charity the Trustees have had due regard tothe guidance on public benefit that has been issued by the
	charity	commission.
	The	main acbvities am summaries as:
		Provide accommodation and equipment
		Raise money to pay forthe charity's acbviTies.
		Make such payments as shall be necessary
		Fixand collect the fees payable in respect ofthe children
Summary ofthe main activities undertaken for the public benelit in relafiion to these objects (include within this section the tatutliy declaration that trustees have had regard tothe guidance issued by the Charity Commission on public		attending the groups. Subject toadherence with all applicable legislation, control admission ofchildmn to the groups run and ifappropriate, pamnts orguardians towithdraw them. . Setaside funds for special purposes oras reserves against expenditure. Maintain and psy for membership ofEarly Years Alliance. Ensure adequately insured. Employ and remunerate slaif as are necessary for carrying the work ofthe charity.	the require future out
benefit)

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Summary ofthe main achievements ofthe charity during the year		During the year, we have supported the children in our care todevelop through play and following the Eariy Years Foundation Stage cumculum. 37children moved on to Primary school atthe end ofthe year.
		We identilied a significant number ofchildren with special educational
		needs and used the guidance and support ofthe specialist teaching
		service, alongside other pmfessionals, to put in place additional support
		to improve the outcomes forthese children. This obviously has had a
		financial implication forthe pre-school.
		This year we mtumed tothe church hall to hold our Christmas and Easter
		Concerts. These were very successful as family events and bringing
		together the pre-school community.
		After avery challenging year financially we have successfully managed
		to maintain our stafling levels despite recruitment being an issue within
		the sector.
		We have had to implement an overtime ban and resource austerity. The
		stalf have risen tothe challenge and repurposed a large sehdion of
		equipment and consumables that were previously unused.
		Part way through this financial period we changed our business model to
		include children from the age of2years old. This allowed younger child
		to start and also children can now stay all day when they are able to
		manage without a midday sleep. Weare also implementing a new
		approach to balancing age groups and cohorts.

BrieFstatement ofthe	The trustees have agreed a reserves policy to hold a minimum un esricted funds level off40,000.This istocover the costs of
charity's policy on reserves	redundancy and 3months rental in the unlikely event that the setfing needed todose. The current unreslricted reserves tolalf80,361 and are
	in deficit off18,146this is in part due to reduced fees and less chiktren
	mtending the pre-school.
Details ofany funds materially
in deficit
Further ftnanctat review details	(Optional irrliormation)
You may choose to include additional information, where	The delicit was the result ofa fall in income ofR9,232 in the most part caiwed by KCC funding not being paid in the correct financial period.
relevant about ~ the charity's principal	KCC income fell due toareduced number ofchildren taking up both their universal and extended entitlement. Feeswarn reduced due to additional
sources offunds (including any fundmising);	sessions not being taken up and managing our increased number of children requiring specialist nursery and supported chiktcare provision.
~ how expenditure has supported the key objecthres ofthe charity; ~ investment policy and objectives including any	Costs warn reduced by K5,779,this was due tothe austere measures that were put in place. There was a pay incnMse in order to meet minimum wage requimments, but this was counterbalanced by only essential repairs being carried out, we also mplaced external Christmas events for inhouse activities.
ethical investment policy
adopted.	The increased insurance costs were due to timing issues.
	Professional fees increased due tothe a ointment ofa id accountant.

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~	~				~	~
			Unrestricted		Restricted		Endowment
			funds		funds		funds
			tonewest	E	tonewest E		te neanwt E
61Cash funds
		Total cash funds
		lesree ocnecec vile race'prc ent peneerts
		ccrrvrvtc))
			Unrestricted		Reobicled		Endawment
			funds		funds		funds
		Detaiis	tonewest	E	toneanwtE		toneawet E
B2Other monetary assets
			Frrltd towtdch				Cunant value
		Details	be	~			onn
			Fund towldch				Cunent value
		Details	asset helen				al
64Assets retained forthe
charity's otan use
			Fund lowhlsh		awonnldue		When due
		Details			o	n	el!el
65Liabilities
Signed by one or two trustees on behalf ofnll Ewbnsleas				Print	Name		Date of a vel