PRESTON CHILDSPLAY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty règlBtratlon number 1196776 PRESTON CHILDSPLAY CIO LEGAL AND ADMINISTRATIVE INFORMATION Truste9S Mrs C BUrton￿OhnsON MSJ Myatt Ms R Bpnnett (Appolnled 23 May 2023} (Appolnted 23 May 2023) Charlty #umber 1196776 Indgpèndent examlner Chan7plon TLL Llmlted 7-9 Station Road Hesketh Bank Preston Lan¢ashire PR4 6SN PRESTON CHILDSPLAY CIO CONTENTS Page Trusiees, report Independent examlnerfs WPOrt Statement of financial activrtles Balance sheet Notes to the financial stat8ments 7-12 PRESTON CHILDSPLAY CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The TrusieÈs present Ihelrannual report and financial slalements for the year ended 31 March 2024. The )Snancial statements have been prepared in ac￿TdanCe with the accounling polleies set out It) n(rt* 1 to Iho rinancial slalernenls and comply with the CIO'S goveming documenl, Ihe Charilies Act 2011 and 'Accounling and Rgportlng by Char511os: Statement of Recommended Pracllce applicabl8 to charities preparing Ihelr accounts In ccordancè wilh th6 Flnan¢ial Rèporling Slandard appllcable In th6 UK and Republi¢ of Ir618nd IFRS 1021° {gffectlve 1 January 2019). Objectlvas and actlvltl•s ObJ8Ctlves and alms Advan¢e the 8du¢alion of children below compulsory school aga by providing high quality. pro16$$ion¥l ¢8ra and edu¢allonal opportunltlès to Chlldren acc8551n9 our nur88ry provlslon. Worklng 81ongslde famllles and ¢arers to glve pra¢tlcal and emotional support to help them provide the bost possible homo onvironment to promole their chlldren's leamlng and development. Worklng as partn9rs wllh slalulory and ch8rllabl8 8gencles. for the b8neflt of our ¢hlldren and famllles whllst strengthening 8nd supporllng communily cohesion. Actlvltl6s Publ1¢ bengfit Tho Twstees have consldered Ihe Charily Commlsslon regardlng publlc banefit and ara are certaln that lh¢ Charity has metthe requlrements as descdbed below. Ach19vgmgnt8 and performance Signif￿an1 aotivifies andachle￿M$nts agalnst otyeollves Charl¢abla activltie8 Over Ihe last 12 months Preston Chlldsplay has continued to provlde 8 full day care nursery. The nursery continues lo be a much needed provislon wlihin the communlly. W8 are still continuing io offer plac8s for 3 year olds who can aecess 30 hou￿ frtrg thild caT8 as well many famlligs gccessing the 2 year old funding. ThB number of Ghildren on the nursery reglsler has Increased with addllton81 numbers on the walling list. Fln8nces hove Improved and we are now In a stable ￿nancIal pos1￿0￿. We hov¢ wnllnued lo en￿ur0g? pa￿nI81 ond child Involvement in all nufsery events and actlvilie& We continue to support slalf to further thelr development and enh8nce our service PTovislon as w811 as ulilislng Noodle onllnè Irglnlng progr8ms. Many thanks go to all our loyal and dedlcated staff who have worked extremely hard Ihroughoul the pasl yoar uring some very challenorng timès to ènsure Pieston Childsplay remains a successful and reputable Charity. Following the year end the Ch8Tity is èxploring the merger with another local Charily to enable Servi￿3 lo strenglhon In Iho future. Flnanclal r¢vlèw ReseN8s policy Investment pollcy and objectlves The Tru51e&s regularly review the level of cash funds held. Any arnounts held In excess of thal required for day-lo- day use are deposited in order to eam additional interesl where possible. The charity is not In a position to lie up cash within long-teim Inveslmonts. PRESTON CHILDSPLAY CIO TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Ros¥rve5 pollcy The Trustees have reviewed the financial requlyements of the charity and Gonslder that tl)e charily should hold free reserves equivalent lo approxlmalely slx monlhs, total expenditure. Such a reserve is required lo enable the charlly io run smoothly 8houkl thgw bts any decfoase or delay In Income and cash-llow timing. Based on Iho costs of the charlty lor the year ended 3131 March 2024 Ihl$ Is equlval8nl lo approKlmalely £98,000. Al the y6ar end fre& reserves totalled £136,217. Rovlew of the year During the year the charlty has made a surplus of £30,111 whiGh has Inixeas9d the closlng frjnds ofthg charfly. Tha r6sulls ai6 summarlsad on th6 St8t*m8nt of FIManG5al A¢15vlt188. Plan5 for future perlods We wlll.. Conllnue to promoie and dellver our servlc8s uslng a wlde range of mefjla wllh a parttcular emphaGls on sodAI medla. - Continuo to keep up to date wlh any Gtsvemmenl ¢hange$ that may affe¢t or benefil the Chailty. Continue to monitor service deliveries whilst supporling staff in their personal development and training. Consider all viable options for grantfundlng to supportlhe lona 18Tm 3uslainabilily of Chlldsplay. Continue to promote a close working relationship with our leose holders GDCA. - Continue to revl8w our cutrent stafflnu and organlsatlonèl stfucttire. - StrSve lo attract newTrustÈes and commltle& members. Support nursgry Mana9¢r and Dgputy In thelr rol¢s with partlcularemphasi$ on supervision and guidance. We wll appolnt a new bookkeeperfollowlng r8slgnallon of our bookkoep6118dvlsor As noted before followlng th¢ year enil the Charlty Is explorlng the meTger wlth another local Charfty io enable 89Nles to strongthen In thè futura. Structure, governonce and management Governlng document Th8 Charity w88 controlled by its governing document, a constitution adopied on 10 July 1992 and amended on 29 March 1993. 16 August 2004. 14th April 2010 and 12th June 2020. The new Charity status, CIO foundation ts wntrolled by Trt9 govamlng document. a constitution reglslerecl and dopted on Ihe 25th Novernber 2021. Th9 TTU8tees who served Ilurlng Ihe year and up to the dale of 8ignalure of tho financlal slalemants werfj.. Mr S Slmpson IRosSgntd 7 November 20231 Mrs S Simpson (Reslgnod 7 November 20231 Mrs C BurtonJohnson Ms J Myati Ms R B8nnett (Appolnled 23 May 20231 IAppolnt8d 23 hday 20231 R8crullm811tond appolntfflonl of Imslees None of thg Ttuslegs has any beneltclal Interest in the company. Al of thg Tru8188s are mgmb9rs of tho company and guarantee lo wnlribule £1 in th8 event ol a winding up. PRESTON CHILDSPLAY CIO TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisalional strnclure Organlsatlon41 s¢wcturtr Tho Charity is under the ¢(bnlrol oflhe Trustees and management committee who operBle 8nd manage the Charity. Mr8 Clare Burton4ohnson Is both Trustee and Cholr ol the Gharlty. During the financial year the Charity was staffed by 1 full timè Nursery Manager. I full Ilme Deputy Nursery Manager and 8UPPOrttsd by several Earfy Years Praculloners. EarfyYeaTs Apprentices and a CooklDomesllo. Thg policy ol Trustees Is to provkle the hlghest quallly of chlldcare support avallablg. Inductlon 8nd fr81nlng of trust88S Inducllon and tralnlng of new trn$tèes Any new t¥uslee5 are given Informal Induction and tralnlng Irom existlng trustetss. Relevant Infomiatlon and Charlty Commlssion PLtblicalions regarding the responsibilities of trustees, and InfOrMa￿on on the background to tha charity are prowded lo all new IIu81e83. Risk management The trL¢slees have a duty lo identify and review Ihe risks to which the charity exposed ond to ensure approprl8t& controls are in place to provide Teasonable assurance againstfraud and error. The TNstees' Teport was approved by the Board ofTruslees. Mrs C BurtOn￿Ohnson Trusteg Cru£k 1% FLk) XOLC LJ71 LJILLI t>KvI5 (LdAIR) bi¥