## **Eaton Socon PreSchool** Registered Charity No. 1169451 ## **A young persons dream** ## **AGM Chairs Report Wednesday 6th November 2024** What another busy year it has been at Eaton Socon Pre-school. I would like to start by express my thanks to Caroline, her deputies, and all members of staff in continuing to provide a high level of care, education and enrichment to all children who attend the Pre-school. We are fortunate enough to have a dedicated staff and the Trustees are grateful for all the work they do. Over this past year I have heard so many stories of Pre-schools and nurseries having to close or at least make cutbacks due to cost of living and materials and struggling to fund resources for children to develop and play. As Chair of Trustees, I feel very fortunate that with the National Living Wage increasing last year by 7% and therefore making a substantial difference to our monthly wages as well as a big increase in Insurance we are still able to replenish equipment as well as upgrade and extend the children’s activities through new equipment and resources. During the academic year of 2022-2023 parents had requested a scooter area and this last year we have funded this. Bespoke, secure cupboards have been built in the office end of the Pre-school, Sunflower room have improved their outside area with construction blocks and a secure cupboard and we have spent a substantial amount of money on expanding the outside area for all children, allowing children to develop play experiences as well as gross motor skills. This has all been able to happen, whilst still having a surplus at the end of the year which is pleasing to see. Re-investing money into the Pre-school is important in maintaining a high standard of learning opportunities. Parents have also noticed the Preschool’s dedication in providing appropriate and enriching activities when analysing the Parent questionnaires sent home in the Summer term. _*The dedication, support and wonderful environment, hard work and commitment shown by the teachers and staff. Great place to learn, thank you!_ _*Extremely HAPPY! You guys are amazing, R’s always been so happy, activities and events, resources are all amazing._ _*Provision offered is excellent, so many activities and learning opportunities. Fantastic play equipment, always varied and updated._ _*Everything is just immaculate, nothing can be faulted, children are happy, it is a beautiful setting with great and up to date toys, Staff are well trained in how to help children develop and learn._ Eaton Socon Pre-School CIO, 38a Queens Gardens, Eaton Socon, St. Neots PE19 8DN Tel: 01480 406 047 Mob: 07903 326 971 Serrine/ info@eatonsoconpre-school.co.uk www.eatonsoconpre-school.co.uk Formerly Eaton Socon PreSchool ## **Eaton Socon PreSchool** Registered Charity No. 1169451 ## **A young persons dream** As Trustees we will continue to support Caroline and the Pre-school in providing the very best education, learning and interactive play experiences for our young people in a friendly and safe environment and as always look forward to the year ahead. Eaton Socon Pre-School CIO, 38a Queens Gardens, Eaton Socon, St. Neots PE19 8DN Tel: 01480 406 047 Mob: 07903 326 971 Serrine/ 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 2024 EATON SOCON PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 CONTENTS PAGE Income and Expenditure account 112 Balance sheet Accountant's ￿pOrt Notes EATON SOCON PRE-SCHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2024 2024 2023 Income Fees from parents 63,897 73,571 CCC Funding 496,708 425,140 Sen Income Sen Expenditure 45,663 5,189 45,630 1,189 40,474 44,441 Children's, uniforms Sales Costs 1,206 1.659 1,936 1,092 (453) 844 Snacks Donations Costs 491 2,804 765 2,947 (2,313) (2,182) Fund Raising Income Expenditure 1.791 562 2,909 561 1,229 2,348 Trips Income Expenditure 1,329 1,329 710.00 2,873 (2,163) Donations Apprenticeship Funding 104 500 250 600.146 542,249 Direct Costs Wages, Nat Ins & Pension 459,133 391,921 Gross surplus 141,013 150,328 Interest Receivable ( net ) 1,913 593 142,926 150,921 Expenditure Page 2 133,997 128,920 Surplus For The Year 8,929 22,001 Page 1 of4 EATON SOCON pRE￿CHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2024 Expendlture Rates Water Light & Heat Property Maintenance Household & Cleaning Office & kitchen Equipment Staff Welfare Sofvare & It Subscriptions Travel & Subsisten Telephone Post & Stationery Play Equipment and consumables Hire of Equipment Staff Uniforms Training Books Sundry Expenses Health & Safety LiCen￿S & Insurance Legal & professional fees DBS Checks Accountancy Bookkeeping Payroll Pro￿SSIng Depreciation Bank charges Administration Consultant Celebration Events 3,803 1,347 7.162 13,427 8,856 3,650 6,749 3,231 272 3,046 2,073 25,125 3,410 2,549 3.073 583 2,659 1,159 7,848 17,505 7,872 4,973 5,248 3,060 2,283 2,717 19,137 4,556 3,155 4,394 631 44 1.773 4,376 2,359 804 780 6,795 1,600 11,240 403 6,409 5,139 1.581 5,699 894 356 780 6,991 361 17,061 363 7,467 4,088 133,997 128,920 Page2of4 EATON SOCON PRE-SCHOOL BALANCE SHEET AS AT 31ST AUGUST 2024 Fixed Assets Tangible Assets Note 206,231 194,046 Current assets Trade Debtors Prepayments Bank Accounts Current Account ESPS CIO Current alc ESPS CIO Deposit alc Contingency Fund Building Maintenance Fund Cash in Hand 1,704 4,003 819 5,347 46,836 115,144 95,797 21,696 172,357 170,660 11,208 100 100 340,144 305,629 Current Liabilities Trade Creditors PAYE & Pensions Receipts in Advance Other Creditors Barclaycard Accruals Corporation Tax 3,817 8,859 103,276 4.856 3.176 6,397 69,036 4,856 33 825 825 451 122.093 84,323 Net Current Assets 218,051 221,307 NET ASSETS 424,282 415,353 Represented By . General Reserve Balance at 1st September 2023 Surplus for the Year 265.346 8,929 243,345 22,001 Balance at 31st August 2024 274,275 265,346 Contingency ReseThe Balance at 1st September 2023 and at 31 August 2024 150,007 150,007 424.282 415,353 Treasurer 17 Oct 2024 Chairperson 21 Oct 2024 Date Date Page3of4 EATON SOCON PRE-SCHOOL YEAR ENDED 31 AUGUST 2024 ACCOUNTANT'S REPORT Respectlve Responsibilities of Trustee and Examlner The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year { under section 43 {2) of the charity's act 1993 ( the Act) and that an independent examination is needed. It is our responsibility to= examine the accounts (under section 43(a) of the Act., to follow the procedures laid down in the General Directions given by the charity commissioners (under section 43(7){b) of the Act)., and "to state whether particular matters have come to our attention. Basis of Independent Examiner's Report Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, an seeking explanations from the trustees COn￿rnIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit ,and consequently we do not express an audit opinion on the accounts. Independent Examiners Ststement In connection with our examination, no matter has come to our attention.. (1) which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the 1993 Act,. and to prepare accounts which accord with the accounting records and comply with accounting requirements of the Act have no been met,. or to which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. GRH ACCOUNTANCY LIMITED 1st Floor, CQL House Alington Road, Lt Barford St Neots Page4of4 ## **Issuer** **Issuer** GRH Accountancy Ltd **Document generated** Thu, 17th Oct 2024 13:36:14 BST **Document fingerprint** 5c463bac39981f0b63a7a7cd572c2084 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Thu, 17th Oct 2024 14:14:56 BST Mon, 21st Oct 2024 9:56:22 BST Mon, 21st Oct 2024 9:57:07 BST Mr Nick Carvell - Signer (53ebafbcfff9fdfacd78b8174faf7bfb) Mrs Kathryn Cole - Signer (4fb58cfbdedb83170f64cb97f0abd2df) Geoff Howell - Signer (43b24f8e6bac5eefbaedb150d435e712) ## **Audit history log** ## **Date** Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:14 BST Thu, 17th Oct 2024 13:36:22 BST Thu, 17th Oct 2024 13:36:22 BST Thu, 17th Oct 2024 13:36:22 BST Thu, 17th Oct 2024 14:14:35 BST Thu, 17th Oct 2024 14:14:56 BST Thu, 17th Oct 2024 14:14:56 BST Thu, 17th Oct 2024 14:14:56 BST Thu, 17th Oct 2024 14:14:56 BST Sat, 19th Oct 2024 13:37:04 BST Mon, 21st Oct 2024 9:53:56 BST **Action** Envelope generated with fingerprint 9dafbc53c87f68b0ac8633613e9483cd18.133.63.166 Document generated with fingerprint 5c463bac39981f0b63a7a7cd572c2084.18.133.63.166 Document generated with fingerprint 2828b2ab859dcf8ab267ee611e7248c3.18.133.63.166 Mr Nick Carvell has been assigned to this envelope.18.133.63.166 Mrs Kathryn Cole has been assigned to this envelope.18.133.63.166 Geoff Howell has been assigned to this envelope.18.133.63.166 Envelope has been set to automatically remind the active signer every 2 day(s).18.133.63.166 Envelope generated Sent the envelope to Mr Nick Carvell for signing Document emailed to party email52.56.137.121 Mr Nick Carvell viewed the envelope81.96.27.71 Mr Nick Carvell signed the envelope81.96.27.71 Sent the envelope to Mrs Kathryn Cole for signing81.96.27.71 Document emailed to party email18.175.190.182 Mr Nick Carvell viewed the envelope81.96.27.71 Document emailed to party email18.171.185.229 Mrs Kathryn Cole viewed the envelope81.96.26.95 Mon, 21st Oct 2024 9:56:22 BST Mon, 21st Oct 2024 9:56:23 BST Mon, 21st Oct 2024 9:56:23 BST Mon, 21st Oct 2024 9:56:23 BST Mon, 21st Oct 2024 9:56:55 BST Mon, 21st Oct 2024 9:57:07 BST Mon, 21st Oct 2024 9:57:07 BST Mon, 21st Oct 2024 9:57:07 BST Mrs Kathryn Cole signed the envelope81.96.26.95 Sent the envelope to Geoff Howell for signing81.96.26.95 Document emailed to party email35.179.182.89 Mrs Kathryn Cole viewed the envelope81.96.26.95 Geoff Howell viewed the envelope92.207.153.208 Geoff Howell signed the envelope92.207.153.208 This envelope has been signed by all parties92.207.153.208 Geoff Howell viewed the envelope92.207.153.208 ## **Eaton Socon PreSchool** Registered Charity No. 1169451 ## **A young persons dream** ## **Treasurer Report – November 2024** ## **Introduction** Eaton-Socon Pre School has continued to maintain a healthy financial position with a net income surplus of £8,929.00. This has been achieved through hard work and constant monitoring of the accounts. ## **Income and expenditure** - Overall, there is a surplus of £,8929, compared with last year of £22,001, this is extremely positive in this current climate. We have also re-invested the majoirty of our excess back into the pre-school. - There is an increase in income to last year by an additional £57,927 in funding and fees. - Our Interest income has been higher due to increased interest rates. - Our wage costs are higher due to the increase in national living wage and increase in staffing and costs and our expenditure has increased due to higher costs due to inflation. - We spent £26k throughout the year in re-investing in new toys and inside areas. - There was large expenditure of £22k on the new outside play area ## **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** As we move into this new year, we remain committed to financial transparency and sustainability. Our priorities include ensuring the well-being of our children, supporting our dedicated staff, and continuing to provide high-quality early childhood education. 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: 31/10/2024 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