Brant- Broughton Pre-school Chairperson report 18[th] October 2023
Firstly, I’d like to take this opportunity to thank you all for coming. As a community run Pre School, we cannot work without you. The year from September 2022 to now has been a busy one as the pre-school moving to an ICO from our previous status. This has also been the first year for me as Chair and I would like to thank Neal for the seamless handover and his years of service. Hopefully I can fulfil this role to the same extent as he did.
The staff at the pre-school have been as hard working and dedicated as ever, continuing to represent the Pre- school and the community well. The pre-school numbers have been great which is excellent for both the community and Pre-school and is a reflection on the staffs commitment. Last year, we saw a change in Deputy Manager and I think it is fair to say that Emily has settled into the role very well. It has been great receiving the regular updates via Facebook and Tapestry and lovely to see the wide array of activities and opportunities our children have access to. It is clear, that we offer our children a good curriculum with the care and attention required for them to thrive.
This year has seen several successful fundraising events. In December we had our Wreath making event which was very successful and popular. We have also done our litter pick and planted trees at the park again raising money through the sale of refreshments. The preschool held its Christmas nativity which was a joy to watch and was thoroughly enjoyed by the children, staff and parents. There was the pre-school sports day which was very well attended and was a lovely event for all. Finally, we had the graduation party which saw the children celebrate their time at pre-school before moving on to their new primary schools.
Overall, we have had a successful year, and everyone involved in the running of Brant Broughton Pre-school has worked extremely hard and continued to shine.
Thank you all for your hard work and dedication, and I look forward to seeing what we achieve in the upcoming year. We know that OFSTED will be just around the corner and we will need to start thinking about the next steps for the pre-school once the lease comes to an end in 2026.
Thank you again for taking the time to join us this evening.
Callum Clay Chair of trustees
Brant Broughton Pre-School Charity number 1193900
Receipts and Payments Accounts For the year ended 31 August 2023
Receipts and Payments
| Receipts Fees EYE Grants Uniform sales Events General fundraising Donations Interest on savings Other Asset sales Total receipts Payments Staff costs Training Mobile classroom Rent Insurance Administration Equipment Clothing Events Other Asset purchases Total payments Net receipts/(payments) Transfer between funds Cash funds last year end Cash funds this year end |
Unrestricted funds Restricted funds Total 2023 £ £ £ 27,842 0 27,842 46,417 0 46,417 247 0 247 1,203 0 1,203 16 0 16 0 0 0 0 0 0 6 0 6 75,732 0 75,732 0 0 0 75,732 0 75,732 60,551 0 60,551 72 0 72 5,398 0 5,398 500 0 500 782 0 782 3,456 0 3,456 157 0 157 435 0 435 546 0 546 853 0 853 72,750 0 72,750 0 0 0 72,750 0 72,750 2,983 0 2,983 (16,636) 0 (16,636) 60,690 0 60,690 47,037 0 47,037 |
Total 2022 £ 0 0 0 0 0 0 0 0 |
|---|---|---|
| 0 0 |
||
| 0 0 0 0 0 0 0 0 0 0 0 |
||
| 0 0 |
||
| 0 | ||
| 0 | ||
| 0 60,690 |
||
| 60,690 |
Brant Broughton Pre-School Charity number 1193900
Receipts and Payments Accounts For the year ended 31 August 2023
Statement of Assets and Liabilities as the Year End
| Cash Funds Current Deposit Cash Funds Total cash funds Other monetary assets Fees due Assets retained for the charities own use Temporary classroom building Garden improvements Furniture, fixtures and fittings Computer equipment Liabilities |
Unrestricted funds Restricted funds Total 2023 £ £ £ 46,051 0 46,051 0 0 0 986 0 986 47,037 0 47,037 Unrestricted funds Restricted funds Total 2023 £ £ £ (94) 0 (94) Unrestricted Unrestricted Unrestricted Unrestricted Amount due When Due £ Fund to which asset belongs Funds to which asset belongs |
|---|---|
Signed on behalf of all trustees on
by
N Lyon Chairperson
Brant Broughton Pre-School Charity number 1193900
Financial Review For the year ended 31 August 2023
The accounts for the financial year 31 August 2023 have been prepared and give an indication of the financial position of the Pre-School during the last twelve months as well as the onward position for the coming financial year. As per the guidelines, the present position will require an independent examination prior to formal submission to the Charities Commission. Once published, they will be available on their website.
Results
The Preschool end of year accounts for 2022/23 show a total income of £75,732 compared to £81,329 in 2021/22. Overall costs for 2022/23 are £72,750 compared with £63,555 in the previous year.
The additional costs involved have included the recruitment of another member of Preschool, staff pay increases including the new National Living Wage rate, and increased utility costs. Fortunately, Lincolnshire County Council have not increased the rent and rates for the Preschool and in addition, have continued to provide the Household Support Grant which has seen a number of parents benefiting from this scheme.
Historically, child recruitment starts relatively low and increases throughout the year however, child numbers in 2022/23 remained lower than in 2021/22, this is one of the main reasons for the reduction in total income.
Despite the challenging times and inclement weather conditions, the Preschool have continued to organise fundraising events throughout 2022/23 raising £1,200 from the annual litter pick, Wreath making event and sponsored snowman walk. The Preschool are hugely grateful for the continued support from families and the local community at these events, and any donations received.
Although income has reduced and costs have increased, the Preschool have recorded a net surplus of £2,983 in 2022/23.
All assets have now been transferred to the new charity.
Reserves policy
The trustees are committed to working towards holding a figure that would cover the cost of redundancy and building removal in the form of 'restricted reserves'. This is a long term goal which can be achieved by increasing the restricted reserve fund to meet the predicted costs when financial circumstances allow.
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