Trustees’ Annual Report for the period 31 March 2024 to 31 March 2025
Charity name: The Valley Preschool
Charity registration number: 1200688
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The aims of the pre-school are to enhance the development and education of local children primarily under statutory school age, also encouraging parents to understand and provide for the needs of their children. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The preschool offers appropriate play, education and care facilities, family learning and extended hours ensuring that such opportunities are extended for all children whatever their race, culture, religion, means or ability. We additionally encourage the study of the needs of children and their families and promote public interest in and recognition of such needs within the local areas. As part of this work we instigate and adhere to the Statutory Framework for the Early Years Foundation Stage. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have had regard to the Charity Commission’s guidance on public benefit. |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The primary focus for the period of this report was to continue to focus on providing a vibrant, fun and engaging setting for the children in our care, welcoming new children into the setting and promoting positive working relationships with their families, our community and the children’s prospective onward educational settings. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The preschool’s income for the period was £112.7k and its expenditure was £88.5k. The total assets at the year end amounted to £170.1k. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The current Reserves Policy is attached to this report. |
| Amount of reserves held | Para 1.22 | The balance in reserves at 31stMarch 2025 was £145.7k. |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The preschool receives the majority of its income from fee and grant income and a substantial amount of its annual outgoings is on staffing costs. The preschool is operating with a healthy reserve fund. The net income from fundraising activities for the year ending 31stMarch 2025 were £4.4k. |
|
|---|---|---|---|
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Constitution of a Charitable Incorporated Organisation whose only voting members are its charity trustees. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Provided Trustees are eligible for Trusteeship in accordance with our Constitution, Trustees are appointed by a resolution passed at a properly convened meeting of the charity trustees. |
Reference and Administrative details
| Charity name | The Valley Preschool |
|---|---|
| Other name the charity uses | N/A |
| Registered charitynumber | 1200688 |
| Charity’s principal address | Meonstoke Infant School Chapel Road Meonstoke Southampton SO32 3NJ |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| Jessica Bassett | 2024/2025 Fullyear | ||
| Gemma Ingham | Until 14/08/2024 | ||
| Lynette Davis | 2024/2025 Fullyear | ||
| Charlotte Chappell | 2024/2025 Full Year | ||
| Charlotte Walls- Hardiman |
2023/2024 Full Year | ||
| Gavin McIntosh | From 27/06/2024 | ||
| Gemma Dobson | From 10/02/2025 |
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A all assets are held by the Charity directly. |
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details N/A
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Charlotte Walls-Hardiman Position (eg Secretary, Chair Chair, etc) Date 16 January 2026
Lynette Davis Preschool Manager
THE VALLEY PRESCHOOL FOR THE YEAR TO 31 MARCH 25
CHARITY: 1200688
| FOR THE YEAR TO 31 MARCH 25 | ||||
|---|---|---|---|---|
| RECEIPTS & PAYMENTS ACCOUNT Trading Activities Receipts Fee & Grant Income Bank Interest Payments Staffing Costs Pension Contributions Training Payroll Administration Cleaning Accountancy Consultancy Telephone & Broadband Building & PLA Insurance Maintenance Sanitary Bin Services Contribution to Meonstoke School Photocopying Annual Fees & Subscriptions Advertising Supplies - Educational Supplies - Other Snacks - Children Staff Refreshments Bank Charges Net Receipts from Trading Activities Fixed Contributions to Reserves Fundraising Reserve Grant Reserve Building Renewals Reserve Asset Replacement Reserve Available Net Receipts from Trading Activities Transactions through Reserves Net Receipts into: Grant Reserve Building Renewals Reserve Fundraising Reserve Asset Replacement Reserve Payments funded from: Grant Reserve Building Renewals Reserve Fundraising Reserve Asset Replacement Reserve Total Net Receipts STATEMENT OF ASSETS & LIABILITIES Current Assets Savings Account Building Renewals Reserve Fundraising Reserve Grant Reserve Working Balance Reserve Asset Replacement Reserve General Reserve Current Account - Lloyds Current Account - co-operative Petty Cash Net Assets Reconciliation of Net Assets Opening Capital Net Receipts Roundings |
£ 107,695.35 667.95 Ac Period to |
£ 108,363.30 84,064.96 24,298.34 4,500.00 19,798.34 8,878.19 4,411.77 4,466.42 24,264.76 145,667.81 24,385.39 54.29 170,107.49 145,842.73 24,264.76 170,107.49 tual 31 Mar 25 |
£ 67,992.00 986.77 Prior Ye 1 Aug 23 t |
£ 68,978.77 61,695.44 ar Actual o 31 Mar 24 |
| 70,227.07 1,505.26 522.60 1,411.32 1,538.28 1,920.00 0.00 680.84 2,656.68 160.00 106.55 0.00 0.00 1,149.38 256.80 389.56 891.26 392.52 45.38 211.46 |
42,770.26 617.76 1,234.41 860.46 843.92 1,260.00 0.00 453.56 1,598.55 284.50 106.55 8,505.50 62.82 1,303.11 136.06 468.06 656.69 303.73 22.00 207.50 |
|||
| 0.00 0.00 4,000.00 500.00 |
0.00 0.00 4,000.00 500.00 |
|||
| 7,283.33 4,500.00 |
||||
| 1,387.80 4,000.00 2,990.39 500.00 |
800.00 4,000.00 1,824.79 500.00 |
|||
| 2,783.33 7,124.79 6,259.40 |
||||
| 1,578.02 401.00 2,432.75 0.00 |
467.25 3,911.45 1,854.70 26.00 |
|||
| 72,321.92 12,977.42 2,464.44 35,898.45 11,434.85 10,570.73 |
68,722.92 12,419.78 2,654.66 34,196.67 10,934.85 9,253.46 |
|||
| 865.39 | ||||
| 3,648.72 | ||||
| 138,182.34 7,579.34 81.05 |
||||
| 0.00 24,385.39 |
7,579.34 | |||
| 145,842.73 | ||||
| 142,194.01 3,648.72 |
||||
| 145,842.73 |