Potterspury Preschool Annual Report to the Trustees including Financial Accounts Year Ended 31 July 2024 Icharity Reference.. 2870961
Potterspury Pschool (Charity Reference: 287096) Contents Year Ended 31 July 2024 Legal ond AthnlnOstra Oetolls Tntstees Annuol Report Indeperwjent Exomlns ReFhJrtto the Tn Statement of Fndl Actlvrbes lincown9 the Incorne and Expendlture Acc¢yJntl Bahntè Sh•et 7-8 Notes to the FIrn(la1 Stotewrnts
Potterspury Preschool (Charity RefenCe- 2870961 Legal and Adminstrative Details Year Ended 31 July 2024 R•g15tratlon d•tulls Potterspury l¥e-s¢hool is a Voluntory K4onoged Eoty Yeors setiry. registered with OFsfED under registrotion number 219968 and with the Churrlies c01r15510n under reference 2870%. Address CIO John Hellins Primary SchooL Brownswood Drlv Potterspury. Towcester. Northants. NN12 7PG. TYust¢ Our Mona9ement Committee rrrusteesl ore elected ot¢urAGM. thot usudty takes pkKe Sn June or Juty eoch year. We have a minimum of 5 trustee& duding Choir. Tre05urer ond Secretory. ond up to 12. elected at the AGU. with the optlLM to co-opt 3 more during the yeor. Cunynt Trusteeslcommittee membtts arv. lu<ty Holt Icholrl Amarmla Gibb Isecretary) T¢nl Hollor)d (Treasurerl Vlctorla Wa lennrfer Chilton Amy lohnsijn Thomas johnson L6zo Dempsey-vicent
Potterspury Pschool {Chority Reference: 2870961 Trustees Report Year Ended 31 July 2024 Over the 2023 to 2024 ocademK yeor. we the wotked tlyough a try)wiion of the Ffyg9e in Eorty Years AcCdItOtion. Hyyge is o Dunish CW thot con be used in earfy yEors setbngs to create a home-like environment thot promotes well-bwTr3 ond contentrnent We hove ftyJThJ thot o lot of the concepts already being used within the setting folknwthe Hy99e prilPleS. sa only minor adaptatitin5 to practice and resources hove been ftyd to be needed to meetthe Ftygge requirtmtnts. Over the 2023 to 2024 o¢gdemKyeor. we hm worked throLyh o W0Fh)n of the Hygge in Eaty Years Accreditotion. Hygge is o Donish concept thot con be used in eoty yeors settings to creote o home-like environmentthat promotes wdl-bein9 ond contenknenL We trthefound thtrt o kn of the concepts olready being Used within the setting floW the Ftygge prirKiple& so only minor adaptations to practice and resrceS hove been found to be needed to meetthe Hygge requirements. This acodemic yeor we continued to Supprt¥0 chH(en wtth Speool EdLKaEioftol Need5 and Disabilrbes. with one-to-one prottrtioners helping t1 to flourish y1n our setting. Our school 0ver$ hod a greot send off ottheir 9ro&Jotion Ceremony held at Wthn foy5 in the Ig5t week of term. thonk5 to the Vlard faft. F(wnily pithits were enjoyEd 05 well a51ots of fun on the play equipment In Juty. we received an unonnounced OF¥fED inspectlon. ot 1th our rtiting wos deemed to be inodequtstè in two oreos of assessmrt and requiring improvement in the Other0. The staff and committee are wort(ing extremety hord. oFon9side the eolty yeors. odvisorfrom West Northamptonshire Countil to ensure we ore fulty compliont wrth our paperw that ow curriculum is embedded in our doity actNibe5. ond the next steps in thiklren's development beiNJ identified ond followed up. We are grateful to parents for keepin9 fotth with us. understondin9 thot the strfety of their children wos rver eompromi5ed. knowing thotthe staff OW have the children's best Interests otheort.
Potterspury Preschool (Charity Reference.. 2870961 Trustees Report Year Ended 31 July 2024 Accounts For the 2023- 2024 finonciol yeor. P-sChoOl hos continued to strive to retum to a profitoble stote. in order to stortto build bock up the financial reserves, some of which hod to be used to meet our obligations in the previous two to three finonciol yeors.. Stoff took on the majorfty of the cleonlng dles. lust employlng externol cleaners for occaslonol days orKI fordeeper cleons overthe holklay periods. making a significant 5avlng on prevlous years. Wlth another IO% Increase In the Natlonal L5vin8 Wage from April 2024, the trustees made the dlfficult declslon to revlew the pre-school wa8e formula, wlth rn0 hourty rate5 bein8 set at a sli8htly lower percentsge al)ove the Natlonal Livlng Wage than has been offered In recent years. The alm Is to return to thè prevlous formula as soon as flnanclalty vlable. Spendln9 on iesources hos been closely monitored across the year. and 5toff hove been fgntU5tic ot sourcing low-cost or free resources for children's ploy and leorning. especialty findSng sOUrceS In noture. In line with our hygge volue> We are 9fateful to our stoff and committee. orKI thelr famllles. for the help ond support In decoratln9 ond re-vamping oregs of the setting. moking significont sovlngs on whot we would have paid lor lobourto complete the work. As o result. for the financial yeor to the 31stJuly 2024 we hove seen pres¢hoo1 return a profit. Support from our ¢ommunty Is olso 9reotty apprecioted, with our fundrolslng ortivities over the 2023- 2024 flnonclal year brlnglng an Income ol ground £5000. W* eontinue ot the moment to 0Sm to put 5096 of our fundralslng Income towords the pre-school runnlng costs, und the remginder to contlnu¢ to enhunce the provlslon for the children, on resources and Improvements. Reserles It has bt¢ome cleor, following our recent OFSTED inspection rating. ond some HR155ue5 highlighted wlthln the setting. thot sorne Investment Is needed. toking gdvice Irom consultants to ensure we have robust polkle5 ond pro¢edures in plo¢e, ond to procure sufficlent res¢urces to mtet the devèlopment needs of am our children. that we wlll struggle In the coming fintsnciol yr to contlnue to build back our reserve to thè lèvel needèd. We wlll continue to monitor our budgets and spending. with the olm to ochleve o breok-even posltlon by the finonool y•ar end. Trustee Apprnval Thè obove report and annual occounts were uccepted by the Potterspury Pre-school Trustees tsn 2nd October 202 Signed: judy Holt Ichairl
Potterspury Preschool (Charity RefeRnce: 2870961 Independent Examiners Report to the TTUStees Year Ended 31 Juty 2024 I report on the occounts of the cFKirity for the year en{1 31 Juty 2024. which cowprise ofthe Statement of FIrncl01 ACtieS, Balance Sheet and related note& This report 1$ mode soldy to theTrustees. os o body. in occordcmce with Seeiion 14515)(bl ofthe Charities Act 2011. My woik has been undertoken so that I might stote to the Trustees nwjtters l om requried to stote to them in an Independent £¥aminerfs rewt ond for rn other wrpose. Tothe fullest extent perrnitted by low. I do not occept or as5uwne resnSibIlitY to anyone othertlKJn the Trustees for my irderteXamIJI10n work forthls report orforthe stUtemt I gNe bdow. The Trustees tsre responsible forthe weFJoration of the (Kcount& Tr Trues con5Jer on oudit is not required forthis yeor under Seeion 144121 of the Chorities Act 2011 and that on Independent Examinerfs report is needed. The choritys gross income did not exceed £250.000 ¢Jnd l um quo15fied to undertoke the examinotion. Having satlsrfed mysdfthatthe thlty is not jeCt to oudit ond 15 eligbi Je for indeperhnt exomirthior4 Tt is rny responsibility tr. 111 exomine the accounts under Secbon 145 of the Chorities Act 201L. 121 to follow the prowlures loid down in the generol Direcbons gNen bythe Chm Commlsslon under Section 14515llbl of the Chortties Att 2011- and 131 to state whether particulor motter5 hove cometo rny ottenii¢xL Bosi5 of Independent Examinerf$ report My exominotitsn was carried oout in accordan wrth the general DIrtionS given by the Charity Commissiw. An examirbjtion indudes a review of the accounting records kept by the ch¢7rity ond a comparison of the acCnts presented with those record& It olso indudes conwderotion of ony unusuol items or disclosu in the accounts. and seeking eXon0th)n$ from you as Trustees corKerrung arry suth motters. The procedu9 undertoken do not provKle aH the evidence thot you vloukl be required in an oudit and conseq¢jenY no opinion rf given as to whether the occounts present o nJe dlI wew, ond the lem 15 limited to those motters set out in the next staternert Independent Examlne¢s stotem In connection with my examination. no m(rtter has cometo my Ottention in conntditin with the exominot*?n glvlng me eouse to believe thut in tsny mtrteriol respett 111 ac¢ounting records were not kept in respertof the Twust os requyed ty Section 130 of the Charitres Act 2011: or 121 the tounts do not orord with thw recwts. Signed: Lors Swonn FMAAT. ACIPP Mono9in9 Portner The Beon Countsrs kcountsnts LLP 79 Kentons Lon& Windw. Beire. SL4 4JH
Potter5pury Preschool (Charity Reference.. 28709 Statement of Finonciol A¢tsvitses (corporating the IoMe EXFthdltu A¢¢ountl Year Ended 31 Juty 2024 F¢mth Total Funds Year Erbded YearEr#led 31-j-2O23 Fd$ 31-W-2024 INCOMING RESOURCES Vohjntory incon Athties forgeneratirwjlunds Investment income IncomiNJ reséurteslithn diitoi TOTL INCOMING RESOIJICES &763 %763 6311 105,700 111.463 10&7ts) IIL463 79.797 8fi1 Generotin9 funds Charitae aCleS 758 .931 2258 93.947 103.948 614 105.227 101948 614 10&227 N1CoMING RESOURCES FOR THEYEIR &237 &237 173391 RECONCILIAII(4 OF FiINDS T¢)tol fuThJs byougthfowrd PripJryeororfJustment Totol funds br0m osoJJusted TOTAL PJNDS CARIUED FORWARD 27.014 27.014 34h52 27x114 33.251 27n14 33251 34E52 27.014 ThE Stat*nertofFin0ACkn%4ts IncknJe5 OH win54JKI bJ5se5 intheyeor¢Jnd thwefweo stotementof lotal re¢ognised
Potterspury Preschool (Chority Refen¢t. 287096) Balance Sheet Year Ended 31 July 2024 31-Jul-2024 31-Jd-2023 Oebtors Cosh at bank and sn hond 33932 27.586 33932 27586 ¢6811 15731 mASSErs 33,251 27.014 Un$icted rne fmds 33.251 27D14 TOTAL FIJNDS 33251 27.014
Potterspury Presthool Ichority Referenc& 2870%) Notes to the nanCIal staternts Yeor Ended 31 ju 2024 LVOLuNfARYINCOME TIXqTJrth Yotul Fuvd 31-Jub2024 J1.Ju102a Y•wl TJtal Funds Ji-Juk2024 31.2023 Fundraislng 763 6Jii T£d T•141 Funds 31-ju2024 31-JL&2023 T•tol Fw 31-Jul-2023 31.Jzo14 35.798 5&179 21.136 54.391 Jndiw 19rty SENDfw)dlng SEND rtior1rlfftQ EYPP hjnding 58.179 10.582 10582 1.141 1.141 707 79.797 10&700 T(*ql fvnd¥ Total Furwjs JI-10?4 31-Jul-2023 Fund5 R¢stylcted Total Fw 31-J2014 Total Fd$ 31-Jul-2023 Fur Stoif soknries Nl Stoff ¥ran In$urorKe REpaits ond mointr bes Idethtsty. er1 aeoning 91.431 91.431 745 25 1.723 746 1083 1979 L979 1937 L131 274 1937 L131 274 l.l75 639 1.744 1981 Ternet 753 320 753 320 293 293 Bonk ¢horges 138 570 570 229 90931
Potterspury PchoOl Ichority Referen.. 2870961 Notes to the Finoncial St0tnents Year Ended 31 July 2024 Re5trfcted Total FurLds 31-Jul-2024 31-Jul-2W23 Corw 614 614 2,258 & DEBTORS 31-1-2014 31-j-2olY Trod• debtorts 9. CREDITOR&.AJn0u1o1Ilwj due wlthh 31-1.2024 31-JU2025 TradE Creditrrfs PAYE &NI Per*K)ns 426 255 238 573