2024-08-31-accounts

Trustees. Annual Report for the period Period start date 01 Sepl$mber Period end date 31 August 2023 2024 From To R.efierence and admiinistration details Bizzy Bees Pre-school CIO Charity name Other names charity Is known by Bizzy Bees Registered charlty number (if any) 1172751 Charity's principal address The Memorial Hall, Bedford Road, Wootton, Bedford Postcode MK43 9JB Names of the charity trustees who manage the charity Offlce {rfany) Dates acted If not forwholo year Trustse name Name of person (or body) entitled oint trustee Ifan Nicola O'Halloran Chair & Safeguarding Manager Trustee Trustee Claire Buchanan Samantha Gadsden Gita Parekh Appointed 11.05.2024 Appointed 14.01.2025 Laura Hanwell Kathryn Tuck Secretary Treasurer Resigned 30.08.2024 Resigned 08.01.2025 TAR Sept 2023 to Aug 2024

&izzY bl Sectiion B Structure, overnance and mana ement Description of the charity's trusts Constitution Type of goveming document leg. trust deed, constitution) How the charity is constituted leg. trust, association, company) Incorporated tharity Trustee selection methods leg. apposnled by, elected by) Election by members Addltlonal govemance issues (Optional inforniation) Bizzy Bees Pre￿ChoOl CIO is a registered childcare provider with OFSTED. the independent goveming body within childcare. Bizzy Bees is a member of the Pr&School Leaming Allian￿ with close links to Bedford Borough Council. We take advice from the Department of Education and follow the EYFS Statutory Framework. You may choose to include additional information, where relevant, about: policies and prO￿dureS adopted forthe induction and training of trustees" the charity's organisational structure and any wider network with which the charity works., relationship with any related parties., trustees. consideration of major risks and the system and procedures to manage them. Bizzy Bees is a committee run Pre-school with an employed manager, deputy manager. ffinan￿ l administrator, lead practitioner, and early years practitioners. The CA)mmittee members are all volunteers with the exception of the manager. Pay for employees is agreed by the committee and is based on role, responsibility. perfoman￿. qualifications and minimum wage. The day to day running of the Pre-school is performed by the manager and deputy manager. Recruitment is jointly ovenseen by the management team and committee. Policies within the charity are approved by the committee. Committee members are voted by the members at the Annual General Meeting although they can join at any time if the trustees are in agreement. We do not ask committee members have any prior experien￿, just the willingness to want to help and support our charity. We offer free training through Educare Early Years Allian￿ to support new tNstees. All tnjstees must complete their safeguarding and prevent training as a minimum requirement. All committee members are subjected to our safer recruitment policy which indudes statutory OFSTED requirements suth as DBS ￿rtificateS, references and safeguarding training completed. The minimum number of committee members is 3 and the maximum is 12. Committee are responsible for overseeing risks fa￿d by the P￿-SChool. The three main risks are:_ Reputation: to ensure the Suc￿sS of Bizzy Bees. Risk is managed through safeguarding policies; safer recruitment, staff, children and family's wellbeing policies are all up to date and enforced. To ensure all policies ara up to date, relevant and implemented. Flnances: to ensure Bizzy Bees remains financially viable to remain open. Risks such as low intake of children, managing cash flow. mana in endin ensurtn reserve funds are ade uate TAR Sept 2023 to Aug 2024

and relevant. The commrttee meet once a month and always discuss finan￿S to ensure the above risk factors are assessed and resolutions can be made quicFdy should a risk arise. Education: to ensure Bizzy Bees delivers the EYFS statutory framework. Regular reviews, training and development discussions can help to ensure the framework is being implemented wrthin the setting alongside updating policies and leaming objectives. Through risk management by the committee. the committee are satisfied that the major risks identffied have been adequately mitigated where necessary. It is recognised not all risks can be predicted or protected against. but the committee feel all reasonable risks have been adequately mana ed. Section C Ob"ectives and activities Bees is an indusive Pre-school providing childcare for children aged 24 years old. Bizzy Bees works for the public benefrt, supporting the local communty. Bizzy Bees key objective is the early years education and development of young children. Bizzy Bees achieves this by:_ Summary of the objects ofthe charity set out in its governing document Promoting children's care and safety. Delivering the EYFS and leaming through play Maintaining a working partnership with parentslcarers Promoting health and wellbeing Providing a sefVI￿ to support children and their families. Enabling a safe and stimulating environment for children to thrive The main obiective of Bizzy Bees Pre-school CIO is to provide high quality childcare to the residents of Wootton and surrounding areas. Bizzy Bees supports children and parentslCa￿rS in their child's early years development. Bizzy Bees provides free flow childcare and accepts all fo￿nS of govemment funded pay such as, 2 year funded for both low- income families and the new working parent funding. 15 hours funded for 34-year-olds and the extended 30 hours for working families. Bizzy Bees also supports a high number of SEND children each year, relying on additional govemment funding to be able to offer the individual support for each child. Summary ofthe maln activits'es undertaken for the publlc benefit In relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commisslon on public benefit) Bizzy Bees is an inclusive setting and as such we accommodate a range of needs within the setting ensuring we are supporting all families within our community. We take an active role in supporting low-income families by offering cultural capital experiences. Bizzy Bees is an authorised signatory of the food bank and LOFFS offering food vouchers and support to ourfamilies. Our fees are set at a level to ensure the financial viabilit of the charit TAR Sept 2023 to Aug 2024

but to make our setting as accessible as possible to all families, Bizzy Bees objective is to continue to support the community, Ghildren and families by providing a safe, nurturing and educational environrnent for children aged 24 years. Our long-temi objective is to have our own single use building where we can move away from being a pack away setting. This would allow us to increase the size of the setting and support more famllles. In the meantime, we are working on a plan to develop our outside Spa￿ and provide a grassed area with a climbing frame. Bizzy Bees is a member of the local community and takes part in events such as the Parish Council Remembrance Day memorial par8de. We held a very successful wreath making event at Christmas and invited the Gommunity to Gome and join us. Bizzy Bees is an equal opportunity charity and is committed to a working environment free from any discrimination. Bizzy Bees is committed to safeguarding and promoting the welfare of children and expects all staff and volunteers to share this commitment. Additional detsils of objectives and activities (Optional infomiation) The charity is heavily reliant on the help of volunteers and fundraising efforts. The committee is formed of amazing volunteers not only to assist in fundraising but also to support the Pre-school in its overall functioning. Bizzy Bees is very grateful to everyone who gives up their free time to ensure the charity can go from strength to strength. You may choose to include further statements, where relevant, about: policy on grantmaking., policy programme related investment., contribution made by volunteers. We are in the prO￿sS of applying for some Grants to support us with our new garden project. Depending on what we are awarded, we hope to develop our garclen area in the next financial year. TAR Sept 2023 to Aug 2024

Achievements and performance Summary ofthe main achievements of the charity during the year Bizzy Bees Pre-school CIO has provided a serrf1￿ to around 50 families this academic year. Again, a new committee fonned this year as other committee members moved on due to olherwork commitments and some, as their children left the setting. We continued fundraising with our popular'movie nights, for the children, where they enjoy a movie, pvzza and games. We have held Christmas and Halloween parties. An Easter craft and movie evening, along with some amazing raffles where all the prizes were donated by local businesses. Vve had a very successful wreath making event in November, lots of the local community came to support us and this was run by our wonderful Committee members. We have continued to enjoy our leavers school trips" this year we went to Thrift Fann followed by our very own graduation ￿remOnY. As a pre￿Chool and charity, we support the growth and development wÉthin the early years sector. We have had some Bedford College students, placements join us and a work experience student. The children have enjoyed their time with these students. We had a member of staff complete their NCF CACHE Level 2- Diploma for the Earfy Years Practitioner. Section E Financial review Bizzy Bees Pre￿chool CIO ha5 a sufficient Reserves Policy that is reviewed regularly and to ensure that it remains adequate (to cover such things as redundancies or closure, relocation costs, unforeseeable repairs). This is also in pla￿ to reserve money for future projects like a new building for Bizzy Bees. The money will also ensure our charity is able to operate during periods of lower income. Brief statement of the charity's policy on reserves sl As of 31 August 2023, Bizzy Bees holds £49,355.93 in its reserves account with a £7.50 monthly bank charge coming out. Bizzy Bees reserves policy has been updated this financial year to reflect the rising costs of15ving and running a pre-school, it is to be held between £45,000 and £50.000 Details of any funds materially in deficit NIA Further financial review details (Optional infomiation) TAR Sept 2023 to Aug 2024

You may choose to include additional infomiation, where relevant about: the charity's principal SoUr￿S of funds (including any fundraising); how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. The charity's principal source of income comes from fvnded childcare hours from the local govetnment as follows.. _ 2 years funded - up to 15 hours a week- low-income families 2 year funding - up to 15 hours a week- working families 34 year funded- up to 15 hours a v￿ek- temi after child tums 3 years 34-year funding - an additional 15 hours per week (referred to as 30 hours funding)-for qualifying parentslcarers. This is supplemented by fee paying hours invol￿d directly to the parentslcarers. Bizzy Bees total tncome from fvnded hours amounted to £185,897.09. Bizzy Bees total income from fee invoicing amounted to £53,794.48. There have been no investments this ear. Section F Other optional information As a charity, the families of the children at Bizzy Bees are assured that all income of the charity will be put straight back into the Ghartty. ensuring ex￿lIent childcare is provided and the advan￿ment of education is met through our ethos of child led play in a free flow setting. Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretsryi Chalr, etc) Nicola O'Halloran Chair Date 2Ulol125 TAR Sept 2023 to Aug 2024

BIZZY BEES PRE SCHOOL Charity Number 1172751 Accounts & Independent Accountants Review Year ended 31 August 2024

8IZZY BEES PRE SCHOOL Gharity Number 1172751 INCOME & EXPENDrruRE ACCOUNT YEAR ENDED 31 AUGUST 2024 INCOME Fee5 & Grants Fees 53.794.48 Nursery Education Grant 165.608.64 Grants and Funding 20.288.45 239,691.57 Staff Reinbursements Training Re-imbutsement Staff Uniforyn Fundraising Children Unifom General Fundraislng Donations Other Interest Miscellaneous EXPENDITURE staff Wage5 Training staff Unrfomi Staff Re(xuilmenl Debamient Disclosure Other Premises Rent Equipmenl IRepair Equipment & Matsrfals Equipment Materials Consumablers Food l Drink Administration General Payroll admln ￿sts B.TJlntemet Auditorfees Insurance Parent reimbursements Subslotstead Miscellaneous Fundraising Cost inwrred in fund raislng Cost of Uniform Cost of Items Purchased 174,004.10 1.396.25 1.095.42 1.232.85 177.728.62 127.03 1.810.03 350.00 5.109.84 4.474.44 9.584.28 2.287.06 6,875.17 6,875.17 3.234.04 3.234.04 7,710.20 7.710.20 898.73 801.15 4,115.95 660.00 1.152.96 398.50 1.044.86 2.686.29 11.758.44 601.15 142.50 743.65 &Jrplus l (Deficit) Year to Date 30.812.31 Total 245.21167 Total 245,212.67 Reconclllatlon of movement In funds Opening funds as at 1 Sep 2023 Sutplus l (Deficit) Closing Funds as at 31 Aug 2024 121.731.74 30 812.31 152 544.05 Held as Petty Cash Bank Re*rves TOTAL 103.188.12 49,355.93 152 544.05

BIZZY BEES PRE SCHOOL Charlty Number 1172751 INDEPENDENT EXAMINEifs REPORT YEAR ENDED 31 AUGUST 2024 RESPONSIBILrriES OF THE TRUSTEES As a trustee of the charity l understsnd that the trustees are responsible for keeping proper accounting records as well as the detection of fraud and mistatement. The trustees are also responsible for ensuring the Annual Report is in accordance with United Kingdom AcGounting Stsndards (United Kingdom Generally Accepted Accounting Practtce). Any relevant matters (none} that V￿uld effect the outcome of the review or financials havè been raised wth the External Reviewer. 24101 Nicola OTrlalloran (Chair of Preschool Board of Trustees) Date: INDEPENDENT EXAMINATION I report in respecl of my examinatlon of the enclosed financials, ￿rried out in accordance wtth the general Directions glven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a mparison of the accounts presented Imth those records. It also includes consideration of any unusual items or disdosures in the accounts and seeking explanations from you as trustees CA)nceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair vièv/ and the report is limiied to those matters set out in the statement below. In conneotion with our review. no matter has come to our attention that. - suggests the charity has not kept acceptable accounting records - that the figures as shown in the income and expendriure account are not in accordance wrth those records I have come across no other matters in connection Viryth the exarninalK)n to ￿leh attention should be drawn in this report In order to enable a proper understandinq of the figures to be reached. Alex Chandlar ACA Sygma Chartered Accountants Exlemal reviewer 20 De￿rnber 2024 Date:

BIZZY BEES PRE SCHOOL Charity Number 1172751 Accounts & Independent Accountants Review Year ended 31 August 2024

8IZZY BEES PRE SCHOOL Gharity Number 1172751 INCOME & EXPENDrruRE ACCOUNT YEAR ENDED 31 AUGUST 2024 INCOME Fee5 & Grants Fees 53.794.48 Nursery Education Grant 165.608.64 Grants and Funding 20.288.45 239,691.57 Staff Reinbursements Training Re-imbutsement Staff Uniforyn Fundraising Children Unifom General Fundraislng Donations Other Interest Miscellaneous EXPENDITURE staff Wage5 Training staff Unrfomi Staff Re(xuilmenl Debamient Disclosure Other Premises Rent Equipmenl IRepair Equipment & Matsrfals Equipment Materials Consumablers Food l Drink Administration General Payroll admln ￿sts B.TJlntemet Auditorfees Insurance Parent reimbursements Subslotstead Miscellaneous Fundraising Cost inwrred in fund raislng Cost of Uniform Cost of Items Purchased 174,004.10 1.396.25 1.095.42 1.232.85 177.728.62 127.03 1.810.03 350.00 5.109.84 4.474.44 9.584.28 2.287.06 6,875.17 6,875.17 3.234.04 3.234.04 7,710.20 7.710.20 898.73 801.15 4,115.95 660.00 1.152.96 398.50 1.044.86 2.686.29 11.758.44 601.15 142.50 743.65 &Jrplus l (Deficit) Year to Date 30.812.31 Total 245.21167 Total 245,212.67 Reconclllatlon of movement In funds Opening funds as at 1 Sep 2023 Sutplus l (Deficit) Closing Funds as at 31 Aug 2024 121.731.74 30 812.31 152 544.05 Held as Petty Cash Bank Re*rves TOTAL 103.188.12 49,355.93 152 544.05

BIZZY BEES PRE SCHOOL Charlty Number 1172751 INDEPENDENT EXAMINEifs REPORT YEAR ENDED 31 AUGUST 2024 RESPONSIBILrriES OF THE TRUSTEES As a trustee of the charity l understsnd that the trustees are responsible for keeping proper accounting records as well as the detection of fraud and mistatement. The trustees are also responsible for ensuring the Annual Report is in accordance with United Kingdom AcGounting Stsndards (United Kingdom Generally Accepted Accounting Practtce). Any relevant matters (none} that V￿uld effect the outcome of the review or financials havè been raised wth the External Reviewer. 24101 Nicola OTrlalloran (Chair of Preschool Board of Trustees) Date: INDEPENDENT EXAMINATION I report in respecl of my examinatlon of the enclosed financials, ￿rried out in accordance wtth the general Directions glven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a mparison of the accounts presented Imth those records. It also includes consideration of any unusual items or disdosures in the accounts and seeking explanations from you as trustees CA)nceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair vièv/ and the report is limiied to those matters set out in the statement below. In conneotion with our review. no matter has come to our attention that. - suggests the charity has not kept acceptable accounting records - that the figures as shown in the income and expendriure account are not in accordance wrth those records I have come across no other matters in connection Viryth the exarninalK)n to ￿leh attention should be drawn in this report In order to enable a proper understandinq of the figures to be reached. Alex Chandlar ACA Sygma Chartered Accountants Exlemal reviewer 20 De￿rnber 2024 Date: