2022-08-31-accounts

LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB Trustees, Annual Report for the year endlng 31st August 2022. Charfty Number: 1170843 Address: Stockton Road, Long Itchington, Southain, CV47 9QP Trustees: Alexandra Feasey (whole year) Emma Lenihan (whole year) Becky Pell (whole year) Senior Staff: Claire Hopkins Sarah Amaria Objectives and Actlvltles There are two purposes of this Charity. 1) to help children and young people with educational training, by providing pre-school care for children aged two to five years old for up to nine sessions per week. Each session lasts for three hours 9am-12pm & 12pm-3pm. 2) to run a safe and fun out of school club for Long Itchington Primary School. 10 sessions per week. AM sessions = 1hr 7.45am - 8.45 am. PM sessions = 2hr 45min 3.15pm - 6.00pm. We also run ad hoc Holiday Clubs in school holidays as competitively as possible to help the parents of the local community. The charity aims to enhan￿ the development and education of children by encouraging parents to understand and provide for the need of their children through community groups. In planning the objectives and activities of the Charity, the Trustees have reviewed the guidan￿ provided by the Charity Commission. The purposes of the charity are exclusively charitable and have been prepared in accordance with the requirement of the Charites act 2011 ("the Acr).. Achievements and perfonnance This year and seen a gradual increase in revenue and number more like pre-covid. although we still have a way to go. We have made a profit as we have kept costs at a minimal. We are well aware there are many repairs and renewals that we need to look at in the setting, like decoration and just general wear and tear. Financial Review Revenue for last year was 118k, this year we were at 135k which was similar to previous years pre-covid. Expenditure for the charity is closely monitored and for this period and it was 124k. This has left the business with a 9k profit: Again it has been hard to monitor trends, but we can see we are gradually retuming to pre- covid numbers. Usually, we would be reporting on a full academic year and be able to Long Itchlngton Pre•school & Out of School aub I Charlty No. 1170843 Stockton Road, IA>ng Itchington, Southam, Warwlckshlre CV47 9QP l Telephone [phone] Ofsted Reglstratlon No. EY563360

LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB" provide variances. History has suggested that we nomially hlt a hlgher loss figure for the Autumn Temi which is then replaced with a more profitable figure during Spring & Summer giving us more of a break-even positlon. Structure Governance and Management Governlng Document. Long Itchington Pre-school was established in June 1990 and contlnued until December 2018 when it was changed to Long Itchington Pre-school & Out of School Club from trading from 1stJanuary 2019. Long Itchington Pre-school and Out of School Club is govemed by a company constitution from the Early Leaming Allian￿ Document. Appolntment and recruitment of Trustees Trustees are appointed at the Annual General Meeting. The minimum number of Trustees is 3. All 3 trustees are currently all parents of current children or parents of previous children that have been to the setting. All new Trustees are provided with a committee welcome pack which includes copies of: The Charities Constitution The latest Financial Accounts Code of Conduct., Confidentiality Agreement All trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities. Organlsatlonal Structure The Trustees administer thé charity and meet regularly through-out the year, during these meetings all charitable matters are discussed including the raising of fvnds income structure, ongoing performance and any expenditure. The charity measures performance against budgeted tsrgets and reports annually at the Annual General Meeting, where trustee's resignation and appointments are made in line with the necessary role and requirements. Risk Management Management has reviewed the major risks to which the Charity is exposed. Where appropriate systems or procedures have been established to mitigate the risks the Charity faces. Long Itchington Pre-school and Out of School Club benefits from a diligent and dedicated team of Trustees. Costs are closely monitored to ensure the Charity operates within its means. The charity maintains a separate bank account to cover its reserves, all of which mlnlmise its exposure to risk. The Charities internal policies in place to mitigate risk are Ilsted on the Charities website. Reserves Pollcy Long ItchADgton Pre•school & Out of School Club I Charlty No. 1170843 Stockton Road, Long ItchIngto￿ Southam, Warwlckshtre CV47 9QP l Telephone [phone] Ofsted Reglstratlon No. EY563360

¥¥¥. LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB The Charities reserves policy is to maintain reserves at a level adequate to protect its ongoing work from significant fluctuations in service income. This policy is reviewed annually. The Charity aims to hold sufficient reserves to cover three months running costs plus statutory redundancy costs. This value is set aside in a separate bank account which totals £20,019.73. The Charity reserves are therefore adequate, and the Trustees consider that the Charity will continue as a going con￿rn for the foreseeable future. There are no material uncertainties about the Charities ability to continue. Plans for Future Periods It is the Trustees intention that the Charity will continue to provide services in line with objectives and activities as noted in these financial statements. We are forecasting a reduction in our income for the Autumn Term, as always, the numbers get higher through the school year. OOSC is normally very consistent but due to parents working from home our numbers are much lower. The Committee will be closely monitoring our financial position to avoid a deficit at the end of the year. We pride ourselves in staffing our setting well but do not want to find ourselves over staffed. To review staff salaries and hourly rates as per national living wage This Trustees report was approved on November 2nd, 2022 and signed on behalf of the board of Trustees by: Rebecca Pell Chair of Trustees Long ItchlnstOD Pre•school & Out of School Club I Charlty No. 1170843 Stockton Road, Long Itchlngton, Southam, Warwlckshtre CV47 9QP l Telephone [phone] Ofstsd Reglstratlon No. EY563360

Balance Sheet

Long Itchington Pre-school and Out of School Club As at 31 August 2022

31 Aug 2022

Assets

Assets	31 Aug 2022
Bank
LongItchington LIAS Club	2,244
LongItchington Pre-school CIO	5,435
Savings Account	20,005
Total Bank	27,684
Current Assets
Accounts Receivable	4,769
Total Current Assets	4,769
Fixed Assets
Buildings	556
Less Accumulated Depreciation on Buildings	(556)
Computer Equipment	1,365
Less Accumulated Depreciation on Computer Equipment	(443)
Office Equipment	13,329
Less Accumulated Depreciation on Office Equipment	(9,662)
Total Fixed Assets	4,589
Total Assets	37,042
Liabilities

Liabilities
Current Liabilities
Accounts Payable	(297)
Historical Adjustment	14,000
NIC Payable	1,477
PAYE Payable	(799)
Pensions Payable	1,087
VAT	(2)
Total Current Liabilities	15,466
Total Liabilities	15,466
Net Assets	21,576
Equity
Current Year Earnings	9,409
Retained Earnings	12,167
Total Equity	21,576

Balance Sheet | Long Itchington Pre-school and Out of School Club | 20 November 2022

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Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charity Ngryla Long Itchingon Pre-school & Out of School Club On accounts for the year ended 31" August 2022 Charity no (if any) 1170843 Set out on pages (remember tn inftJiiAp tho niirnhare Af efldrtional sheets, I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 3110812022. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). Responsibilities and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent trhe charity's gross income ex￿eded £250,000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] rfnot applicable. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets rf they do not apply. Slgned: Date: 11th Nov22 Name: Lucy Lewitt Relevant professlonal quallficatlon(s) or body AAT IER Oct 2018

(If any): Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brlef detalls of any Items that the examlner wishes to disclose. IER Oct 2018