RISING FIVES PRE-SCHOOL GROUP
OLD SCHOOL CANTEEN,
FAIRCLOSE,
WHITCHURCH,
HAMPSHIRE RG28 7FG
TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR
ST
THE YEAR TO 31 AUGUST 2024

Rising Fives Pre-sehool Group
Trnstees, Annual Report and Aecounts for the year ended 31 August 2024
Legal and Administrative details
Status
RKsing Fives Pre-school Group is a registered charity, charÉty number 270065.
Th¢ principal address of th¢ charity is Th¢ Old School cantee￿ Wells Lane,
WhitchurclL Hampshire RG28 7FG.
Objeetiwe$ of the Charity
The objectives of the clwity are to advance the education of cbildren below
ompulsory school age. To this end, charges are le￿¢d on the users of the facilities
on a 'session' b&sis. enabling staff and other facilities to be maintained. The tnjstees
m to build a small surplus in order to finance any unexpected repair Costs in respect
of the building occupied.
Property/HoldlDg/Custodial Trustees
The property occupied by Rising Fives was acquired in 1995 by exercise of squatters,
rights. It is held in deed of trust by the followlng people who are named on the land
r¢gisty'.
Doreen Lambden
Sheila Kelland
Eric Dunlop
Yvette Watts
Linda Jones
Msnxgement commltteerfn￿teCS
Day to day nll]ning of the clwity is handled by th¢ managem¢nt ¢onllnitt¢¢ (trustees).
They are:
Wesley McAslin (Chair)
(From September 2023)
Clair¢ Llewellyn Manning (Secretary) (From July 2020)
Sarah Cripps
(From February 2021 to July 2024)
Chrissie FerngTOV¢
(From November 2022 - EY2 pending)
Louise Hayes
(From November 2022 to July 2024)
Louise Fyffe
(From September 2023)
Olivia Reeves
(From S¢ptember 2024- EY2 pending)
Joan Johnston
(from September 2024- EY2 pending)
Georgia Maisey
(from S¢pt¢mb¢r 2024- EY2 p¢nding)
The Committee (management trustees) is voted in at the AnnuaI General Meeting held
at the begintiing of each a¢ademic yeaT.
Rachel Abbott
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Rising FIV￿ Pre-sehool Group
Trustees, Annual Report and Accounts for the y¢ar ended 31° August 2024
Trustee's responsibilities
The management trustees are r¢quired under th¢ Charity Act 2011 to prepare financial
statements for each financial year which give a trne and fair view of the charity's
financial activtties during th¢ year and of its flllallcial tM)sition at the end of the year,
unless the charity is entitled to prepare accounts on the alternative recetpts and
paym¢nts basis. In preparing thos¢ financial stat¢ments, the management trust¢es
should follow best practice and: .
l. Select suitable accounting policies and apply them consistently
2. Make judgements that are reasonable and prudent
3. State whether applicable accounting standards and Statements of
Recornmended PTacti¢e have been followeLI subject to any departures
disclosed and explained in the financial statements, and
4. Prepare the flnancial statements on a going concern basis unl¢ss it is
inappropriate to presume that the clwity will continue in operation.
The management trustees are restx)nsible for ensuring that Proper accounting records
are maintained which disclose. with reasonable accuracy, th¢ financial position of the
Charity at any given time and which enable th¢m to ensure that the financial
staten]ents comply with applicable laws and regulations. They are also Tesponsible
for saf¢guarding the assets of the cRLarity and hence for taking reasonable steps for the
Prevention and detection of fraud and other irregLdaTities.
Rachel Abbott
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Rising Fives Pre-scbool Group
Trn$ttts' Annual Report and Accounts for the year ended 31° Augll$t 2024
Report of work undertaken by Rising Fives, Management
COMMIttee￿rusteeS
Overview of the year
Aim: To provide a high standard of education and car¢ for pr¢-school children aged
from 2 years to 5 years, and for the committee to work closely with the stsff to
continue to maintain th¢ facilities, premises and quality of care at the pre-school.
A full OFSTED inspection w&s undertaken on th¢ 28th Febrw 2023 which had a
good outcome, the pre-school being praised for their excellent quality of education.
Activities: The committee year
TeTm l - September to December
o Assign jobs / responsibilities
Asbestos re inspection survey
New gat¢
Portable Appliance Testing
Christmas party
Santa's Grotto
Terni 2- January to March
Bingo Night and Quiz
Health and safety check
Gate constsvction
Pay review
Tem 3 - April to August
Rotations Charity sI￿p
Pest Control
Fence construction
Heater servicing
Fire Extinguisher Service
Leavers Ceremony
Parish Fete
Clearance of items
Rach¢l Abbott
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Rising Fives Pre-S¢bool Group
Trustees, Annual Report and Aeeounts for the ye¥dr ended 31" August 2024
Continuous Activities
Day to day rUnj)i￿ of the pre-school
Recruitment of staff
Advertising for new Committee members
Advertising and promotion of the pre-school
Half ternily committee meetin8S
Maintenance of building
Ongoing updating and renewing of policies
Fundraising
Buildlng ma1ntEnance/enhaM¢emen￿equKvM￿nl, Including..
Electrical items check
Annual fire equipment check
Asbestos survey
Bin Emptying
Gates and fence in outdoor area
Bin emptying
Small gate betwe¢n kitchen and ¢ntrance hall
Pest control
Total £ 4040.51
Fundnzisingj events and olher ineome
Santa Grotto
Match Funding
Bingo Night and Raffle
Easy Fundraising
Recycling scheme
Rotations Charity Shop
Stall at Parish F¢t¢
Bank /Building Society interest
Fundraising ev¢nts/Match Funding £4250.23
BanWBuilding Soc Interest
£ 761.75
TOTAL
£5011.98
Staff wages andfees
es. The Committee increased staff wages this year in line with the
increase in the minimum wage.
Additional session Preparation and supervising key w0￿1n8 time continues to
be paid. Staff will also b¢ paid to attend training days.
Rachel Abbott
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Rtsing Fives Pre-school Group
Trustee$, Annual Report and A¢¢ouDts for the year ended 31° August 2024
In September 2023 the Preschool employed 7 pernwient staff and 2 on rolling
contracts
Th¢ payroll continues to be run througb accountan( Alan Wooden. for a
nominal fee of £62.00 per month to ensure accurat¢ assessment of t&x/national
insurance requirements and end of year paperwork. Payment is made (online}
directly to staff bank accounts by Rachel Abbott.
Fees:
In September 2023 we had children 39 on role Compared to 32 in September
2022.
2023124 (per year)
Over 3 per hour
Under 3 per hour
£6.00
£6.50
EYE Funding
EYE continues to cover fees for the Claim terni after the child's 3 birthday. Some 2
yeaT olds are also able to claim 15 hours if they meet the appmpriate eligibility.
Payment is up to 38 weeks per year. Children are fimded for 15 hours free pre school
education per weeK and a number of cbildren now qualify for an additional 15 hours
funding which they tak¢ at Rising Fives or usc shared with other settings.
Within the EYE Funding we receiv¢d £2936.78 Early Years Pupil Premium Funding
this year. The Early Years Pupil Premium provides Hampshire Early education
approved s¢ttings with extra funding to support ¢hildren in achieving the best early
years outcomes and start they can. The Early Years Pupil Premium provides an extra
53p per hour for three and four year old children whose parents are in receipt of
certain benefits and who are formally in local authority care.
Ft4nds retarned
At the end of the financial y¢ar, the pre-￿h0o1 held £72031.85 in its HSBC bank
account and £28802.25 in its building society account. Rising Fives has a Reserves
Policy (please see attached) for money kept in reserve in line with guidance issued by
th¢ Charities Commission and the Preschool l£arning Alliance.
No value is placed on the propety occupied by the Charity, which was acquired in
1995 by the exercise of squatters, rights.
Septentber 2024
Olivia Reeves, Treasurer,
Management Trustees of Rising Fives Pre-school Group
The Old School Canteen
Wells Lane
Whitchurch
Rachel Abbott
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Rising ￿V¢S Pre-school Group
Trnst¢es' Annual R¢port and Ae¢ounts for the year ended 31. August 2024
Risi
Fives Pre-school Reserves Polic
Policy Statement
The financial security of our pre-school is importanL and so money will be kept in
reserve in line with guidance issued by the Charity Commission and the Pre-school
Learning Alliance.
The reserve funds amount is available on request from the committee and is held in a
separat¢ pre-school savings account. The amount is monitored by the committee.
In calculating the minimum amount (target level) held the pre-school assumes the
following:
3 months runningcosts with salaries and roles as at September 2023
No redundancy payments for staff members with less than 2 years of Service.
The reserves fund may be called upon to fund:
Major repairs to the building (roof, floorin& heating & plumbin& boiler etc)
Upcomlng agreed renovation projects
Potential loss of income due to any fluctuation in numbers of children
attending pre-school.
The need to fund short-term deficits in a cash budget, e.8. money may need
to be spent before a funding grant is received.
Potential staff redundancy payments.
Replacing equipment as it wears out.
Potential payments to debtors should the pre-school close.
Relocation to another site.
This policy should be reviewed annualIy to make sure the reserves account holds
enough to cover future eventuaIiti¢s.
The reserves policy must be reported in the trustees, annual report to the charity
conllnissio
l *?
All groups are recommended to have at least three month's expenditure in reserve
2nd a sum which covers the calculated redundancy liability, (managing a charitably
constituted setting, PSLA).
Rachel Abbott
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Rising Fives Pre-S¢hool Group
Trustees, Annual Report and Accounts for thc year ended 31. August 2024
Recei
ndEx
endltu
2024
account for the
ear1stSo
mbor 2023 to 31 Au
ust
Receipts
Fees
Grants and Donalrons
Fundraising
Other Income
Bank]Building Society Interest
To August 2024
33856.53
123553.3
4250.23
636.65
781.75
To August 2023
21290.05
93645.31
4316.39
383.4
148.9
Expense8
Staff Wages
Utllities
Fundraising Costs
General Supplie$
Stationery and Postage
Maintenance and Refijrbishment
Insuran
Milk
Mi￿118ne0u8
Grant Expenditure
Resources
Bank Charges
-104536.13
-7263.99
08.11
-1823.2
-709.79
4040.51
-2241.63
-84329.3
4404.32
-704.43
-1478.64
-789.35
-5319
4027.27
4183.48
-10972.31
-1594.77
-120
-3009.08
-14235.65
-1707.22
-120.8
-138093.92
-121125.06
Net recolpts
24964.54
341.01
Statement of Assets and Llabilites
Current A88&ts
Building Society Account
Bank Current Account
28802.25
72031.85
100834.1
28040.5
44130.78
72171.28
Represented by..
Revenue reseNe b
ProfiULoss for the year
SEN fundlng 22123 to be received
Pupil Premium Funding for allocation
Prepayment of Fees 23124
DAF fund for allocation
Prepayment of EYE fvnding 22123
Invoice from 22123 paid 23124
Prepayment of funding 22123
Discretionary grant allocated 22123
Co Op Grant for alloeation
Prepayment of Fees 24125
72171.28
24964.54
153
1936.17
-1240.9
1166.32
70733.36
-1341.01
-153
664.93
1240.9
1772.06
-273
121
493.96
-100
-121
948.25
856.44
100834.1
72171.28
Rachel Abbott
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Rising Fives Prtrschool Group
At
Trustees, ADnual Report and Accounts for the year ended 31 August 2024
Aceounting policies
The receipts and payments account has been drawn up as a summary of the r¢c¢ipts and
payments mad¢ during the y¢ar by th¢ clwity. Amounts are in¢luded as r¢ceived by the
charity or as ¢heques are drawn.
The re¢¢ipts and payments account and statem¢nt of as￿tS and liabilities have been prepared
following the guidance for smaller ¢harities issued by the Chartty Commission.
Independent Examlner
Sarah Butler
58 Knight Street
Basingstoke
Hants RG218AX
Bankers
HSBC
Newbury Street
Ihitchurch
Approved by the FN)ard of trustees on
Olivia R
urer, Management Trustees of Rising Fives Pre-school Group
Rachel AblK)tt
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