Chestnuts Prfrschool (regMternd clw*y no 295756) Annual report and accounts Year ondad 31 July 2022
Chestnuts Pro4¢hl General infomiatlon For tho year ond 31 July 2022 Pago 1 Registered charty number 295756 Addr•8S 32 Chestnut Avenue Wokingham Berkshire RG413RS Truste88 Helen EaS00d (Chairl Tabf(ha Rigden ITrea8urer} Joanna Florentin (Secretary) Matthew Rigden S8bina Osborne Rebecca Corfield Ashleigh Kolodzloj Jacqui Beagent Independent Examlner Calculus Con8ull8n¢y Service5 Limltsd Chartered Cèrtified Accountsnt8 145 Old Vvoosehill Lanè Woklngham Berkshire RG413HR
Chestnuts Prn4chool Trustso8' report For the yo•r gnd 31 Juty 2022 Pag• 2 The Trustee8 sre ploa88d to present Ihelr nnual report and accounts for the yeor ended 31 July 2022. Actlvltlo8 The Charity operate8 a pr•-$¢hool ear• and education setbng in Wokingham, Bork$hSr. It is a member of the Pre-school Learning Alliance IPLA). Con$tUtIon The Charity was founded in 1984 and Is govemed by a eon8lltullon ¢lo$ely alignèd vllh the model conslilulion providèd by the PLA. The most recently updated constitution was adopted by the membtsrs at an Annual G•n•ral Meetlng hold on 131h October 2014. Obl•ctlve8 The key aim ofthe prmchool is to ènhanceth• developm¢nt and education of Ghildren prtmailly under statutory school age*hrough the Pfovl8ion ol high quality Early Years care and education. Addrtional Importanl objectlve8 indude.. encouraging parents to take responsibilty for and lo becom• involvèd in the actlvttle$ of the group and ensuring that we offer opportunrtles for all ¢hlldTen, reoardl•88 of rac culture, religlon or moan8. encouraging the Study of tha n••ds of childron and th•ir 1gmilb•8 and promolng publk interest In and rocognltlon of 8uch needs In tho lo¢al arg38. encouraglng parents to understand 8nd provide for the need8 of their children through communlty groups,. and In311galino and adherfng to and fUrtrIng the aim of the Pr&8chool Learning Alliance (PLAI. R•vl•w of th• year The Pr&school management and stsff are highly committad to providing the hlghe8t standarrj of Pre-8chool cafè and 8ducallon. whllst endgavourfng to operate the Prschool in a flnan¢lally susl¥inabl& way. The Trustees are $8ti$fl•d with the overall performance of the Prepschool during the year glv•n th• ehallenge8 faced the COVID pandemic. Flnanclal rovl During the yearend•d 31 July 2022, tho Charlty made a loss of £31,07512021'.1o$• of£14.4791. The chadty's reservès are £75.02812021', £106,103) as al 31 July 2022. We recogntse that o proportion of thè reseNe is lo facilitate the likely rebulld of the Ps¢hOOl building in the fijture though the building structure remains stable and is adequately in8urod. Th1$ year has been parti¢ularty ¢h8llenging as the effe¢ts of thè pandemic have continued lo be and this has meant we have had lo use the regerve fund lo help m8lnlain adoquate cashflow. The Trustee$ consider this level of reserves to be adequate lo ensure th& shortlmedium term fln8ncio1 stability ofthe charity. However, education fvnding has come under immense pressure in the past number of years and the grants re¢eived from Vvokingham Borough Council are not Sufficient to COV8T all running costs of the setting. We understand that fvnding and grants lo be recèived In the next financi81 yearwll b& at an incTeased rats and Ihls rate will be further reviewed in Aprfl 2024. Along with incre8$Èd funding we have reviewed headcount of Staff and also increased the fees paid to ¢over non fvnded children and additional services the preschool offer such as lunch club. Vve hope these steps w711 help Ure Chestnuts in the long term financially.
Chosthuts Pr•4chool Tnmtsgs. rgport Icontlnued) Forthoy•ar ond 31 July 2022 Pag• 3 M•mbors The members are the parent8 (or other appointed guardlan) of the Children attending the pr school sotting, from time lo time. The Trustees of the Charty a the managlng commrttee of the pre-8chool. Under the leTms of the conslilulion. there must no fewer than five Truste8s and no more than fvlelve Trustees al any tim• and at lea8160% of th• Tru$t••s musl be membèrn of the pre-school as defined above. Tw8lee$ are elected by the members at each AGM and salve until the next AGM {%th8re they may stand for re-eleetionl unless they resign befo that lime. If necessary Ifor example rf numb•r of Trustees resign part way through a yearl. the èxi8ts.ng Tru8t•es can Cowopl up lo three persons to stand as Trusleeg until the next AGM. The TfU8tse8 8erylng th• Pr8-school as al the d8t• of approval of this report 4r• tho$• nam•d on pagts 1. All were appointed or rtrappolnled by the members at the AGM on 4th July 2022, except Daniel Smlth who resigned on 4th Juty 2022. Louisa Bull who resigned on 201h December 2022. AngeLq Thomas who resigned on 6th February 2023. Jacqui Beagenl joined the Committee on 41h July 2022, A8hl8igh Kolodzlel who jolned the Committee on 4th July 2022 and Rebecca Corfield who joined the COMM&& on 6th February 2023. Approval of rnport Thls report wa$ approved on signed on of Ihg Trustees by.. Helen Ea$ts¥ood Chalr
Chostnuts Pre4chool Indepond•nt oxaminerfs reportto tho TrustO06 of Chestnuts Pr•4¢hool For the y•ar •nd 31 July 2022 Pay4 INDEPENDENT EXAMINER'S REPORT Rospgctiv• mponslbilltios of the trustees and Indepondfrnt examln8r The chirity's trustees are responsible lor the preparation of the account$. The charity's Iruslees consider that an audit is not r•quir8d for this year under seetion 144 of the Charf(ie8 Act 2011 C'the Charitie5 Acl'l and thatan independent examination is needed. l am qualrfied to undertake the examination by being a quallfied mOmr of The As80datlon of Charterèd C8rt1fiod AGcounlants. It is my respon8lb11 to.. examine the seun under wtion 145 oflha chariti Act. • to follow thè procedures laid down in th• general Directitin8 glven by the Charty Commlsslon (und•r section 145151(bl of the Ch8rf119$ Act, and * lo $tste vth6ther particular matt•r$ have come to my attontbn. Bas18 of Ind•p•ndent Examln•rf• Rgport My examination wa$ Carried out in accordance th general Dire¢lion$ given by the Charlty Commission. An examln8ts.on includes a review of the aceounllng rocords kept by the charliy and a ¢ompari$on of the accounts presented with Ih08e records.11 a180 includes ¢on$ideralion of any unusual Itgm8 or di8elo8ure8 in the accounts and $•8king explanations from th• trustee8 concerning any such matters. The procedures undertaken do not provide all the evlden¢e th91 would be requlred In an audit, and con8equenUy no oplnlon18 given as lo wheth¢r the accounts present a'tTue and falr, vlew and the rep¢)rt is limilod to those matters set out In the 8¢al¢ment below. Ind•pendont Examlnov8' Statsment In connedion with my examinalwM, no motter has come to my attentlon.. whlch glves me rea8on8bl8 cause lo belleve that In, any matffiial respect, the requlrements.. lo keep accountlng records In accordance vlth Secllon 130 of the Charllles kt., and . lo prp8r• aecounts which a¢cor<J wth th• accounting record8 and comply wlth the 8ceounlnq requlrements of the Charfe8 Act have not been m•t', ¢y 2. to vthich, in my opinion. attention 8hould bè drawn In onler lo enable a proper understanding of the accounts to be reached, Calculus Consultancy Servlce8 Limiled Chartered Certlfied Accountants 145 Old Weosehill Lan Wokingham Berkshire RG413HR Date.. 28th May 2023
Chestnuts Prè4chool Prlnclpal accounting poll¢l88 For tho ygar and 31 July 2022 P•g8 S B•sls of preparatlon The accounts are prepared on a historic cost, going concem basis. The pdnclpal accounting polici88 are unchanged from th8 previous year and are slated below. Income and expendltur• Income and expend¢ture are accounted for In the year to which they r8late. LBing the accruals basis. Flx•d aM•t• and d•pr•¢latlon FSxed a88ets are stsled at cost less accumulated d?prodalon. Depreciation 1$ ¢harg•d 80 98 lo wre off the cost of an a8sel over ts eylim8ted useful life. The metheds and rates appll¢able are as folbws.. Leasehold bulldlng8 Equlpmenl 5% per 8nnum 8tralght Ilne 25% reducing balan¢8
Chestnuts PrMcht)ol Incomg and oxp8ndiknrè account For the year ended 31 July 2022 Pag• 6 2022 £ 2021 £ Oporntlnu Inc(#n8 Grant fvndino 109,303 103,614 Foo8 and charg8$ 37 616 146,919 132,418 Oth•r Income Fundraising Donlon$ Interest Indirèct grant in¢om Merehandi88 and other Incom• 3,355 2,959 21 1,912 2.095 1,218 143 6,478 74 Dlr•ct co•ts Stsff costs Teaching equipment and con5urnable• Milk and refre8hmentJ 143,255 124,021 2,881 3.907 114e,127} 1129,220) Ovorh•ad co•ts Rent, ratè3 and Insurance ElectC1ty and w•t¢r Rep8Srs and maintenance Equipnent. Stsb'onery and con$umable• Telephone Cle4ning and rgfvse Depfecialion 4,250 6.664 3,958 3,217 7,821 1,698 6.837 825 3,367 3.217 4.269 788 3,478 3,309 other 130,3451 {22,9741 Ngt $urplu¥lllo81) 14 79
Choslnuls Pre4th¢)ol Batanc• $h••t AS at 31 July 2022 Pagè 7 2022 £ 2021 £ Flx•d aM•ts (nots 1) Buildin 5.786 Equipment 830 6.616 9,833 Currnnt aM•ts Bank and cash balar Accounts receNable and Pr•paym•nts 1Ck8.219 126,738 1.015 CurY•nt Ilabllltlo• Creditors Accruals, delerrnd inc¢me aThJ deposits 1,295 31 N•t curr•nt a•••t• 68,412 96,270 108 103 R•pr•Mnt•d Accumul8te(l fijnds brought foFwaid 1(O.103 120.582 surplu(deffidt) forthe year (31,075) {14,4791 Totsl fund• Inots 2) 106 103 The 8nnual xounts re approved by tho Tntstw on gned on their b•hf by.. and are Helen Eastswt (Chafjrpers() Tatitha {Trea•Ur)
Pay8 Not•s to thg accoun1¥ As at y•ar •ndod 31 Juty 2022 Notg 1 . Flx•d a•uts Bulldlng Equlwnont Total Cost At l August 2021 Add5 At31 Juty 2022 58.797 16.087 74,884 At 1 August 2021 Charge for the year At 31 July 2022 50,071 2.940 14.980 277 65,051 3,217 At 31 Juty 2021 8,726 1.476 13,142 At 31 Juty 2022 830
Nots 2- Funds {nl¢dI At 1 August 2021 Net surplus I Idefi¢it) for the year 106,103 131,0751 Al 31 July 2022 75,028