St James Church Centre Kingfisher Drive Woodley Reading RG5 3LH 07305 399689 


https://www.st-james-preschool.com/ 

## **– TRUSTEES ANNUAL REPORT FOR 01/09/2021 31/08/2022** 

## ST JAMES CHURCH PRE-SCHOOL CIO – Reg # 1183349 

St. James Church Pre-School has been operating for over 40 years.  Originally as a playgroup and more recently as an OFSTED registered Early Years Setting. 

As previously reported the CIO was separated from St James Church as a new charity.  The formal transfer took place on 1[st] April 2022, so this is our first formal operational report and accounts. 

One of the many reasons we separated from the Church was so we could look into having our own building but still on the church land. We have started looking into this in a bit more detail; had a chat with an architect. Unfortunately, due to the rise in building costs it is likely that our original estimate will have increased by at least £100k. We are struggling to know which bit of the process to do first due to the many parties involved. 

The annual financial year for the CIO will be 1st September to 31st August. Previously we have had to prepare accounts for church for the period 1st January to 31st December. So, the accounts presented to you this evening are from 1st April to 31st August. We had £60,000 in reserves in the old church preschool account which has been transferred to our new bank account. Some of this is for potential redundancy costs and the ability to run without income for 3 months. The balance will be used towards the building project.  Adjustments at the bottom for items not paid at the end of the period or income received in advance for the Autumn Term. So, you can see we have made a small surplus. 

As always, we like to take this opportunity to say thank you to all the staff, who work hard through the sessions and prepare your children’s learning journey at home, often in their own time. 

Nicola Tivey 

Chairperson 

17[th] November 2022 



ST. JAMES CHURCH PRESCHOOL CIO
INCOME & EXPENDITURE FOR OIST APRIL 2022 TO 31ST AUGUST 2022
2022
INCOME
Fees Received
Free Entitlement Funding from WBC
Lunch
Registration Fee
Fundraising
Interest on Deposit
Donation
4.968.00
£ 53,041.01
276.00
75.
846.CKI
5.10
Total
£ 59,213.11
EXPEN0￿uRE
Wage5, Social Security and Pension
Equipment and Provisions
Pupil Premium re lunch costs
Rent
Stationery
Training Costs
Payroll Costs
Mobile Phone
Cleaning
Fundraising Expenses
EYA Inurance and Membership
Ofsted Registration
Data Protertion
Uniform
Stafflcommittee Gifts and Relate(I Payments
New Equipment
28,393.82
2.626.26
136.LKI
1.168.51
20.38
284.28
45.fKI
96.
34.Th)
819.72
342.06
402.04
489.20
Total
-£ 34.718.87
Surplus/Defiut of Income over Ey4)enditure
Reserves Bought Forward Icapital Injettionl
£ 24.494.24
£ 60.000.00
Closing Balance £ 84.494.24
Represented By=
Bank Current Account
Bank Deposit Account
£ 18,863.25
£ 65.630.99
£ 84,494.24
Ad'ustment in Real Term5
Surplus for the Year
WBC Payment in Advance forAutumn Term 2022
Rent Accrual
Paycoll Accrual
Adjusted Surplus
£ 24,494.24
-£ 20,156.74
1.257.53
91.20
2.988.77
Approved By Trustees
Oate Approved

I have examined the accounts of St James Church Preschool CIO with the books
and records supplied to me and from explanations received and to the best of
my information and belief, the said accounts show a true and fair view of the
accounts for the year Ol" April 2022 to 31" August 2022.
Signed:
Print Name:
Date:
30 December 2022