LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB Trustees, Annual Report for the year ending 31st August 202 1170843 Charity Number. Address: Stockton Road, Long Itthington, Southam, CV47 9QP Alexandra Feasey {whole year) Emma Lenihan (whole year) Becky Pell (whole year) Trustees: Senior Stsff: Claire Hopkn'ns Sarah Amaira Objectives and Actlvities 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 ga￿12pM & 12pm-3pm. 2) to run a safe and fun out of school dub for Long Itchington Primary School. 10 sessions per week. AM sessions - 1 hr 7.45am - 8.45 am. PM sessions - 2hr 45min 3.15pm- 6.00pm. We also run ad hoc Holiday Clubs in school holidays as competitivety 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 chaiity are exclusive charitable and have been prepared in accordan￿ with the requirement of the Charites act 2011 (Xhe Act.). Achievements and perforniance The setting is currently running with 6 members of the team and we are mainly breaking even most months. Financial Review Revenue 161 k Expenditure for the chartty is dosely monitored and for this period and was at 163k. The main increase in costs was due to additional training for the team ,outside mandatory training. This has left the business with a -1.7k bss. The business is cash positive therefore we decided to make this loss to invest in the team. Longltthin8ton Prtrsfknoi &Ourof Sdllwi aub I CbarltyNo. 1170843 Stockton Road Lnng ItclJin8ioo SOUW WarwickshireCV47 9QP l Telephone 01926 8114001 Otsted Registration No. EY563360 LONG ITCHINGTON PRE SCHOOL & OUT OFSCHOOLCLUB Structure Governance and Management Govaming Doeumènt Long Itchington Pre-school was established in June 1990 and continued until December 2018 when it was changed to Long Itchington Pre-sch(x)l & Out of School Club from trading from 1 stJanuary 2019. Long Itchington Pre-school and Out of School Club is governed by a company constitution from the Early Leaming Alliance DocUm￿t. Appointment and recruitment of Trustees Trustees are appointed at the Annual General Meeting. The minimum number of Trustees is 3. All 3 trustees a￿ currently all parents of current children or parents of previous children that have been to the setting. All new Trustees are provided with a Committ￿ welcome pack which includes copies of: The Charities Constitution The latest Financial Accounts Code of Conduct Confidentialty Agr￿ment 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. Oryanisational Structure The Trustees administer the charity and meet regularly through-out the year, during these meetings all charitable matters are discussed induding the raising of funds income structure, ongoing perf0rrnan￿ and any expenditure. The charity measures perfOn￿an￿ against budgeted targets and reports annually at the Annual General Meet'ng, where trustee's resignation and appointments are made in line with the ne￿SSary role and requirements. Risk Management Management has reviewed the major risks to which the Charity is exposed. Where appropriate systems or prO￿dureS have been estsblished to mitigate the risks the Charity fa￿s. 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 maintsins a separate bank account to cover its reserves, all of which minimise its exposure to risk. The Charities intemal policies in place to mth.gate risk are listed on the Charities website. Reserves Policy The Charib'es reserves policy is to maintsin reserves at a level adequate to protect its ongoing work from significant fluctuations in Servi￿ income. This policy is reviewed annually. The Charity aims to hold sufficient reserves to cover three months running costs plus ststutory redundancy costs. This value is set aside in a Longirthlngton PTtrsthool& Out ofsthooi aub I Cbarity No. 1170843 Stockton Road, Long Itchingto￿ Southarn.Warwickshire CV47 9QP l Telephone 01926 8114001 Ofsted Registration No. EY563360 LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB separate bank account which totals 20k. The Charity reserves are therefore adequate, and the Trustees consider that the Charity will contsnue as a going con￿rn for the foreseeable future. There are no material uncertaints'es about the Charities ability to conb'nue. Plans for Future Periods It is the Trustees intenb'on that the Charity will continue to provide services in line with object'tves and acts"vits'es as notsd in these financial ststements. We are forecasting a reduction in our income for the Autumn Temi, as aws. the numbers get higher through the sch￿1 year. OOSC is no￿￿llY very consistent but due to parents working from home our numbers have b￿n much lower, but this year this seems to be improving. The Committee will be closety monitoring our financial position to avoid a deficit the end of the year 2025. We pride ourselves in staffing our setting well but do not want to find ourselves over staffed. To ￿VIeW staff salaries and hourly rates as per national living wage This Trustees report was approved on October 30th 2024 and signed on behalf of the board of Trustees by: Rebecca Pell Chair of Trustees ..&￿[[a.Pe.1.I................. Long Itd)ington Pre-sdmll & Out of Sthooi aub I CharltyNo. 1170843 Stockton Road. IL)ng ItchÈngtOTLSoutham.Warwick5hire CV47 9QP l Telephone 01926 8114001 Ofsted Registration No. EY563360 ## **Profit and Loss** ## **Long Itchington Pre-school and Out of School Club For the year ended 31 August 2024** |**Profit and Loss**
**Long Itchington Pre-school and Out of School Club**
**For the year ended 31 August 2024**|| |---|---| ||**2024**| |**Turnover**|| |2 Year Old Funding|4,881.18| |Bad debt Pre-school|(177.00)| |Fundraising Revenue|440.00| |Government Funded Revenue|71,506.54| |Interest Income|278.03| |Out of School Revenue|1,531.56| |Pre-school Revenue (Direct to Parents)|1,992.67| |Parent Revenue (PS&OOSC)|81,399.98| |**Total Turnover**|**161,852.96**| |**Cost of Sales**|| |Cost of Sales|32,068.46| |**Gross Profit**|**129,784.50**| |**Administrative Costs**|| |Staff Cost|113,591.51| |Setting Costs|13,671.71| |Professional Fees|3,143.64| |Charitable and Political Donations|90.20| |Depreciation Expense|1,036.37| |**Total Administrative Costs**|**131,533.43**| |**Operating Profit**|**(1,748.93)**| |**Profit on Ordinary Activities Before Taxation**|**(1,748.93)**| |**Profit after Taxation**|**(1,748.93)**| Profit & Loss 31st Aug 24 Long Itchington Pre-school and Out of School Club 30 Jun 2025 Page 1 of 1 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees Long Itchington Pre-school and Out of School Club On accounts for the year ended 31a August 2024 Charity no (if any) 1170843 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended 31108 12024 Responsibilities and basis of report As the charivs trustees. you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examinatK)n of the Trusfs 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 Charty Commission under section 145{5){b) of the Act. Indepondent ￿he charity's gross income exceeded £250,000 and l am qualtfied to examinerfs statement undertake the examination by being a qualified member of [insert name of applicable listed bodyll. Delete [ ] rf not applKable. I have completed my examination. I confirm that TH) 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 nol comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regutations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come a￿sS 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. . plea￿ delete the words in the brackets rf they do not apply. Signed: LUCI Date: 3011112024 Name: Lucy Lewitt Relevant professional qualification(s) or body AAT IER Oct 2018 (if any).. Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of con￿rn (see CC32, Independent examination of charity accounts: directions and guidan￿ for examiners). Give hére brief details of any items that the examiner wishes to disclose. NIA IER Oct 2018