Chestnuts Prfrschool (regMternd clw*y no 295756) Annual report and accounts Year ondad 31 July 2022 Chestnuts Pro4¢h￿l 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 EaS￿00d (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 fUrt￿rIng 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 Pr￿school 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$• of£14.4791. The chadty's reservès are £75.02812021', £106,103) as al 31 July 2022. We recogntse that o proportion of thè reseNe is lo facilitate the likely rebulld of the P￿s¢hOOl building in the fijture though the building structure remains stable and is adequately in8urod. Th1$ 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 mOm￿r of The As80datlon of Charterèd C8rt1fiod AGcounlants. It is my respon8lb11￿ to.. examine the se￿un￿ 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 pr*p8r• aecounts which a¢cor