Registered Charity No. 1169451 ## **Eaton Socon PreSchool** ## **A young persons dream** ## **Treasurer Report** ## **Introduction** Financially, it has been another positive year, despite the unstable economic conditions and congratulations must be given to all staff, trustees and parents alike. We have invested heavily back into the Pre-school which shows in the account. ## **Presentation of Accounts** If I could now bring you attention to the prepared accounts for last year. ## **Income and expenditure** - Overall, there is a surplus of £9,065.00, compared with last year of £26,233 – this was expected due to the large spend/investment in new security gates, sleeper steps, daisy garden paved play area, fences and soft surface repairs. - There is an increase in income to last year by an additional £78,566 in Funding, (CCC increased the hourly rate) and the parent’s fees income has doubled. - Our wage costs are higher due to the increase in national living wage and increase in staffing and costs. - We also re-invested a sizable amount into the rooms with new toys, sleeping bags and furniture in sunflower room and continued to maintain the outside areas. ## **Assets** - The contingency fund is there as a financial protection to allow the charity to windup/change business strategy in the event of any unforeseen circumstances. ## **Year Ahead** Although we have managed to make a profit this year, our main priority is always the children and to provide them with the best care, facilities, and resources. During the next year we will continue to monitor our income and expenditure to identify cost savings where possible and improve accountancy standards and management of accounts. Prepared by Lisa Hamblin ## Date: 29/9/2022 Eaton Socon Pre-School CIO, 38a Queens Gardens, Eaton Socon, St. Neots PE19 8DN Tel: 01480 406 047 Mob: 07903 326 971 info@eatonsoconpre-school.co.uk www.eatonsoconpre-school.co.uk Formerly Eaton Socon PreSchool EATON SOCON PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 EATON SOCON PRE-SCHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2022 2022 2021 Income Fees from parents 51,260 26,974 CCC Funding 373.019 318,586 One lo One Fundlng Pupil Premium Expenditure 708 74,555 2,030 72,525 SEN Funding SEN Expenditure 47.931 1,056 23.798 2,120 46,875 21.678 Chlldren's. unfforms Sales Costs 1526 1391 116 1432 135 {1,3161 Snacks Donalions Costs 554 3,316 406 2,438 (2,762) (2,0321 Fltnd Raising Income Expendllu 1,609 130 661 334 1,479 327 Donatlons 1,314 576 472,028 437,318 Dlrect Cost8 Wages, Nat Ins & Penslon 343,810 324,288 Gross surplus 128,218 173,030 Interest ReceNable 51 67 128,269 113,097 Expendlture Page 3 119,204 88,864 Surplus For The Yoar 9,065 26,233 Page 1 of4 EATON SOCON PRE.SCHOOL BALANCE SHEET AS AT 31ST AUGUST 2022 Flxed Assets Tangible Assets 195,656 197,303 Current assets Prepayments Bank Ac¢ounis Staff Wages Alc ESPS CIO Current alc ESPS CIO Deposit alc Contlngenw Fund Building Maintenance Fund Cash in Hand Trade Debtors 3239 1,864 32,497 84,302 24,106 13.490 150,030 11997 100 797 150,007 10.000 100 798 283,964 200,367 Current Liabllftigs Trade Creditors PAYE & Pension other Creditors Accruals Receipts In Advance 319 4,224 4.499 4,341 4,283 5,042 825 71,674 86,268 13,383 Net Current Agsets 197.696 186,984 NET ASSETS 393 352 384,287 Reprgsented By . General ResoTV8 Balance at 1st September 2021 Surplus for the Year Transfer lo Contingency Reserve 234,280 9,065 213,190 26,233 15,413) 243,345 234,280 Contlng9n¢y Roservg Balance al 1st September 2021 Transfer from General Reserve 150,007 144.864 5,143 1SO,007 150,007 393,352 384.287 Treasurer rperson i NOJ loLL Dale Date Page3of4 Registered Charity No. 1169451 ## **Eaton Socon PreSchool** A young persons dream ## **Board of Trustees Meeting Wednesday 9th November 2022 @Eaton Socon Pre-School 8pm** ## Attendees: KC, CA, NC & AE KC thanked all staff for attending the AGM. KC will remain as Chair, NC as Treasurer, CA as trustee/manager and AE as trustee/interim secretary on the Board of Trustees. Emma Butterworth has confirmed in writing that she would like to be secretary and trustee. CA noted that they would be interviewing two potential staff members the following day and that Charlotte Mobhouse in Poppy Rm was leaving on Friday; she had handed in her notice just after half term. Another member of staff in Poppy Rm might require time off due to a terminal illness in the family. CA and KC noted that they had discovered that the preschool cleaner had been falsifying timesheets at least for the last month, signing in for longer durations than could be accounted for on CCTV. The cleaner's agreed hours are 3 hours per evening and it has been shown that 10 of such hours have been claimed for but cannot be accounted for via CCTV. She also bought her daughter on premises on at least one occasion which has not been agreed. This is very disappointing and a betrayal of trust. KC & CA met the cleaner who admitted to her actions, apologised, offered to pay back the hours she had claimed and not worked, and was adamant she wanted to continue to work for the preschool. She noted that she had multiple jobs and had struggled to keep up with the hours, she suggested that she had bought her daughter due to an incident at another preschool which left her feeling unsafe. It was decided that she would be given her first and final warning for gross misconduct, she would not be paid for the hours in half term (to make up for some of the hours not worked but already claimed) and her timesheets would be spot checked at least until Christmas with another meeting after Christmas. This job is now her only job and so she felt she was able to keep up with the hours, she also stated that she did feel safe at preschool with the new security gate. Next meeting date: Wednesday 22nd February 2023 Eaton Socon Pre-School CIO, 38a Queens Gardens, Eaton Socon, St. Neots PE19 8DN Tel: 01480 406 047 Mob: 07903 326 971 info@eatonsoconpre-school.co.uk www.eatonsoconpre-school.co.uk Formerly Eaton Socon PreSchool