Hollytree Community Preschool Treasurers Re 0rt- 2024 The financial position of the Preschool at the end of July 2024 ended notably differently to previous years. A long overdue increase in Funding from the Government was most welcome and thi5 15 enabllng Hollytree Preschool to provide the education that the children deserve. Coupled with the closure of Little Saints Preschool the number of children attending has increased significantly which has also boosted funding. The extra numbers have stretched the current staff, but the increased funding has made it P055ible to recruit two more members of staff to ease the burden, from September 2024. In addition, salaries have been increased salaries of current staff that are more demonstrative of what the they are bvorth. Another boost to finances was receiving leftover money from the closure of Little Saints Preschool and which was far more was anticipated. This money current in the savings account untll the Super150T5 and Trustees decide the best use of it. There was only a small amount of fund raising during the year, however due to the income being improved in other areas this, thankfully. hasn't had a negative impact on finances. Spending has continued to be kept controlled, so there is little difference to the previous year. However, costs will rise significantly during 24-25, due to increased salaries and extra staff, plus the inevitsble increase of other costs due to inflation etc., however it is anticipated that these will st511 be covered by income and the likelihood that the supervisors will still maintain responslble spending. I would like to mention Andrew Clarke who has been very kind in auditing the attounts again and not charging market rates. The finances forthe year appear to be robust and there is good reason to believe that the 24-25 academic year should be a great year for Hollytree Preschool.
Hollytree Community Preschool. North Baddesley (registered number: 1002072} Independent Examiner's Report to the Trustees For the year ended 31 July 2024 Report of the Independent Examiner to the Trustees on the accounts of the Charity Respective responsibilitles of Trustees and examiner The charity's trustees are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Att 2011 (The Act,). The charivs trustees consider that an audit is not required for thi5 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed and l am qualified to undertake the examination by being a qualified member of the Chartered Institute of Public Finance and Accountancy ICIPFA) It is my responsibility to: examine the accounts under sertion 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act, and to state whether particular matters have come to my attention. Basis of Independent examinerfs statement My examlnation was carried out in accordance with all applicable Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also include5 consideration of ariy unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent Examlner's Statement: In connettion with my examination, no material matters have come to my which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Att; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew J Clarke cpfa 5 Kiln Way, Verwood, Dorset BH316GE andrewc kimballsmith.co.uk The date upon which my opinion is expressed is 7 September 2024.
Income and Expenditure Hollytree Community Preschool Forthe yearended 31 July 2024 2024 Turnover Fees 9,161.50 Fund Raising Funding Grant- RestrictedlDesignated Income Interest Income 118.50 96,224.70 soo.00 566.03 Other Revenue 48,021.11 Trips Uniform and Bags Total Turnover 249.40 95.00 154,936.24 Cost of Sales Direct Wagès Resources 63.647.96 777.92 Snack 80.22 Total Cost of Sales 64,506.10 Gross Profit 90,430.14 Administrative C05t5 Advert15ing & Marketing Audit & Accountancy fees Entertainment-IOO% business 259.85 658.00 189.76 Equipment IT Software and Consumables 1.116.35 100.49 Legal Expenses Pensions Costs 13.00 1,909.69 -f 10.00 Postage, Freight & Courier Presents and Gifts 624.19 Printing& Stationery Rent 307.09 9,702.00 Repasrs & Maintenance Staff Training Subscriptions Subsistence/Consumables 254.67 350.00 50.00 369.53 Trip Total Administrative Costs 255.40 16,170.02 Operating Profit 74,250.12 Profit on Ordinary Activitie5 Before Taxation 74,260.12 Profit afterTaxation 74,260.12 Profitand Loss HollytreèCDmtnunity Preschool 2 sept 2024 Pageloll
Balance Sheet Hollytree Community Preschool As at 31 July 2024 31 JUL 2014 CurrentA55etS Cash at bank and in hand 30 Day Notice- Deposit Hollytree Community Preschool Hollytree Preschool Cash Total Cash at bank and in hand 87,478.02 8.573.11 301.62 96,352.75 Total CurrentAssets 96.352.75 Net Current Assets (Liabilities) 96.352.75 Total Assets less Current Liabilities 96.352.75 Net Assets 96,352.75 ital and Reserves Current Year Earning5 Retained Earnings Total Capital and Reserves 74,260.12 22,092.63 96,352.75 Balance Sheet Hollytree Community Preschool 2 5¢pi 2024 Pageloll