BUSY BEES PRE-SCHOOL
Treasurers Report For the Annual General Meeting – 2022
- Income and Expenditure in the 2021 2022 financial year
The report shows an income over expenditure pre-school running figure of £5760 to the financial year ending January 2022. This figure includes £3095 in depreciation costs calculated as 30% of the net book value of the building.
Again another difficult time due to Covid restrictions however the staff ensured that the setting remained open throughout and are commended for their dedication to their roles.
- Fund Raising in the 2021 2022 financial year
Overall a total of £204 was raised from which £133 was spent, leaving a net surplus amount of £71 offset in part from the deficit amount of minus £21brought forward from the previous financial year leaving a surplus amount to carry forward to the 2022-2023 financial year of £50.
- Balance Sheet Report for the 2021 2022 financial year
The Balance sheet shows the asset figures for the 2021-2022 financial year, compared with the previous financial year.
Total assets (including the value of the building) of £40344 were brought forward from the previous financial year. Surplus expenditure over income in the 2021-2022 financial year added to this figure gives a total asset figure as at January 2022 of £48104. The current asset figure (bank account balances less liabilities) has increased from £30026 to £3881.
During the course of the year the setting took advantage of a bounce back loan from Nat West Bank. This was for £20,000 and enabled the setting to be able to get the external roof and building work carried out.
Contingency for Closure amounts
The Early Years Alliance recommends that the Pre-school keep three months running costs plus the cost of redundancy pay in hand, approximately £43506 calculated as detailed at the bottom of the balance sheet. This figure includes Hive demolition costs and ground refurbishment. It should be noted that the building removal costs have been increased to a more realistic figure of £20,000, from £8,000, and this figure now incorporates the previously separately shown site restoration amount of £5000.
This year the current assets held, taking into account other restricted amount to be carried forward for fundraising and EYPP, are not sufficient to cover the contingency amount resulting in a minus £5612 allocated to the unrestricted general fund . Whilst this is not ideal the necessity to close should hopefully be covered by insurances that are in place.
| £ £ £ £ Income Fees 15540 WCC Grants 104610 Milk grant (now outsourced) Fund Raising 204 Training 0 Donations 379 Sundry 0 Grants 0 ISF Income 3860 EYPP Income 3654 DAF Income 1845 PPE Income 2300 Bank Interest 3 TOTAL INCOME 132395 Less expenditure Salaries 74689 56067 DBS checks 111 126 Consumables 4239 3680 Milk (now outsourced) 0 98 Fund Raising 133 303 Staff Refreshments 11 20 Finance Management 4428 4544 Subscriptions 286 685 Utilities Electricity 5771 0 Water 392 0 Building costs 21570 622 Equipment 934 4592 Training 1161 1452 Grants Lease costs 325 0 Insurance 1535 2459 Refuse 633 295 Internet & Telephone 764 710 Advertising and Promotion 141 106 Grounds 243 10 Sundry Er's pension costs 809 708 Bad debts written off 128 2135 EYPP spend 2806 1182 PPE Spend 951 710 ISF Spend 1108 DAF Spend 374 rounding adjustment -2 -1 Depreciation 3095 4422 TOTAL EXPENDITURE 126635 5760 5760 Busy Bees Pre-School Income and Expenditure for the period ending 31st January 2022 Surplus Running Income over Surplus Annual Income over* 2021-2022 |
£ £ £ £ Income Fees 15540 WCC Grants 104610 Milk grant (now outsourced) Fund Raising 204 Training 0 Donations 379 Sundry 0 Grants 0 ISF Income 3860 EYPP Income 3654 DAF Income 1845 PPE Income 2300 Bank Interest 3 TOTAL INCOME 132395 Less expenditure Salaries 74689 56067 DBS checks 111 126 Consumables 4239 3680 Milk (now outsourced) 0 98 Fund Raising 133 303 Staff Refreshments 11 20 Finance Management 4428 4544 Subscriptions 286 685 Utilities Electricity 5771 0 Water 392 0 Building costs 21570 622 Equipment 934 4592 Training 1161 1452 Grants Lease costs 325 0 Insurance 1535 2459 Refuse 633 295 Internet & Telephone 764 710 Advertising and Promotion 141 106 Grounds 243 10 Sundry Er's pension costs 809 708 Bad debts written off 128 2135 EYPP spend 2806 1182 PPE Spend 951 710 ISF Spend 1108 DAF Spend 374 rounding adjustment -2 -1 Depreciation 3095 4422 TOTAL EXPENDITURE 126635 5760 5760 Busy Bees Pre-School Income and Expenditure for the period ending 31st January 2022 Surplus Running Income over Surplus Annual Income over* 2021-2022 |
£ £ £ £ Income Fees 15540 WCC Grants 104610 Milk grant (now outsourced) Fund Raising 204 Training 0 Donations 379 Sundry 0 Grants 0 ISF Income 3860 EYPP Income 3654 DAF Income 1845 PPE Income 2300 Bank Interest 3 TOTAL INCOME 132395 Less expenditure Salaries 74689 56067 DBS checks 111 126 Consumables 4239 3680 Milk (now outsourced) 0 98 Fund Raising 133 303 Staff Refreshments 11 20 Finance Management 4428 4544 Subscriptions 286 685 Utilities Electricity 5771 0 Water 392 0 Building costs 21570 622 Equipment 934 4592 Training 1161 1452 Grants Lease costs 325 0 Insurance 1535 2459 Refuse 633 295 Internet & Telephone 764 710 Advertising and Promotion 141 106 Grounds 243 10 Sundry Er's pension costs 809 708 Bad debts written off 128 2135 EYPP spend 2806 1182 PPE Spend 951 710 ISF Spend 1108 DAF Spend 374 rounding adjustment -2 -1 Depreciation 3095 4422 TOTAL EXPENDITURE 126635 5760 5760 Busy Bees Pre-School Income and Expenditure for the period ending 31st January 2022 Surplus Running Income over Surplus Annual Income over* 2021-2022 |
£ £ £ £ Income Fees 15540 WCC Grants 104610 Milk grant (now outsourced) Fund Raising 204 Training 0 Donations 379 Sundry 0 Grants 0 ISF Income 3860 EYPP Income 3654 DAF Income 1845 PPE Income 2300 Bank Interest 3 TOTAL INCOME 132395 Less expenditure Salaries 74689 56067 DBS checks 111 126 Consumables 4239 3680 Milk (now outsourced) 0 98 Fund Raising 133 303 Staff Refreshments 11 20 Finance Management 4428 4544 Subscriptions 286 685 Utilities Electricity 5771 0 Water 392 0 Building costs 21570 622 Equipment 934 4592 Training 1161 1452 Grants Lease costs 325 0 Insurance 1535 2459 Refuse 633 295 Internet & Telephone 764 710 Advertising and Promotion 141 106 Grounds 243 10 Sundry Er's pension costs 809 708 Bad debts written off 128 2135 EYPP spend 2806 1182 PPE Spend 951 710 ISF Spend 1108 DAF Spend 374 rounding adjustment -2 -1 Depreciation 3095 4422 TOTAL EXPENDITURE 126635 5760 5760 Busy Bees Pre-School Income and Expenditure for the period ending 31st January 2022 Surplus Running Income over Surplus Annual Income over* 2021-2022 |
£ £ £ £ Income Fees 15540 WCC Grants 104610 Milk grant (now outsourced) Fund Raising 204 Training 0 Donations 379 Sundry 0 Grants 0 ISF Income 3860 EYPP Income 3654 DAF Income 1845 PPE Income 2300 Bank Interest 3 TOTAL INCOME 132395 Less expenditure Salaries 74689 56067 DBS checks 111 126 Consumables 4239 3680 Milk (now outsourced) 0 98 Fund Raising 133 303 Staff Refreshments 11 20 Finance Management 4428 4544 Subscriptions 286 685 Utilities Electricity 5771 0 Water 392 0 Building costs 21570 622 Equipment 934 4592 Training 1161 1452 Grants Lease costs 325 0 Insurance 1535 2459 Refuse 633 295 Internet & Telephone 764 710 Advertising and Promotion 141 106 Grounds 243 10 Sundry Er's pension costs 809 708 Bad debts written off 128 2135 EYPP spend 2806 1182 PPE Spend 951 710 ISF Spend 1108 DAF Spend 374 rounding adjustment -2 -1 Depreciation 3095 4422 TOTAL EXPENDITURE 126635 5760 5760 Busy Bees Pre-School Income and Expenditure for the period ending 31st January 2022 Surplus Running Income over Surplus Annual Income over* 2021-2022 |
Fixed assets Building Current Assets Unrestricted Petty Cash Cash income held Busy Bees Nat West Account Debtors Restricted Deposit Account LESS Current liabilities Trade Creditors Other Creditors Bank Account: Bounce Back Loan Net Assets Financed by Accumulated Fund as at 1st February 2020 Surplus Income over Expenditure Notes to the Account The Accumulated fund is held as Restricted funds Net book value of building Contingency for closure FUNDRAISING bf plus fundraising balance in year Balance of fundraising cf EYPP bf plus surplus EYPP in year Balance of EYPP cf Unrestricted funds General fund purchase price of new Hive building Hive building fixed asset value Depreciation calculated at 30% of net book va Contingency for closure building removal costs - dictated by Wiltshire Redundancy Pay in lieu of notice administration Building removal site restoration lease costs noticeperiod |
Busy Bees Pre-School Balance Sheet for the period ending 31st January 2022 |
Busy Bees Pre-School Balance Sheet for the period ending 31st January 2022 |
Busy Bees Pre-School Balance Sheet for the period ending 31st January 2022 |
Busy Bees Pre-School Balance Sheet for the period ending 31st January 2022 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ 74689 111 4239 0 133 11 4428 286 5771 392 21570 934 1161 325 1535 633 764 141 243 809 128 2806 951 1108 374 -2 3095 |
£ 15540 104610 204 0 379 0 0 3860 3654 1845 2300 3 2021-2022 |
£ 5760 |
£ 56067 126 3680 98 303 20 4544 685 0 0 622 4592 1452 0 2459 295 710 106 10 708 2135 1182 710 -1 4422 |
£ 9767 78695 193 276 754 309 1890 8 2020-2021 |
£ 6967 |
£ At cost 87697 8 0 23984 659 |
£ Culumlative Depreciation 80,474 24651 34512 2021-2022 |
£ NBV 7,223 38881 |
£ At cost 87697 74 199 9375 618 |
£ Culumlative Depreciation 77,379 10266 20009 2020-2021 |
£ NBV 10,318 30026 |
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| 34512 | 20009 | ||||||||||||
| 255 27 20000 |
249 6 -27 517 -428 |
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| 59163 20282 |
30275 |
||||||||||||
| 132395 126635 |
91892 84925 |
||||||||||||
| -21 71 |
|||||||||||||
| 7223 43506 50 937 -5612 |
249 10318 25265 -21 89 4693 |
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| 46104 | 40344 33377 6967 |
||||||||||||
| 40344 5760 |
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| 46104 | 40344 | ||||||||||||
| 89 848 |
|||||||||||||
| 46104 | 40344 | ||||||||||||
| lue Council |
87697 20000 14080 8356 1020 0 50 |
43506 | Increased from £8K to £20K as mor 4 weeks of ave weekly pay Incorporated in building removal cos |
e realistic cost ts |
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| 5760 | 6967 | ||||||||||||
- Due to covid closures Lease, Electricity and Water in the previous fy had not been invoiced and are now incorporated in the currently reported 2021-2022 financial year resulting in a reporting at an amount double to that normally expected.
Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Sectlon A Independent Examlner's Report , Report to the trusteesl members of Busy Bees Pre-school On accounts for the year ended Charity no lif any) 31st January 2022 1015404 Set out on pages Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charily's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 1.the Charities Act") and that an independent examination is needed. tThe charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Inamed bodyll. Delete [ l if not applicable. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5llb) of the Charities Act, and to stale whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with gèneral Directions given examiner's statement by the Charity Commission. An examination includes a review ofthe accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual iterns 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 fair, view and the report is limited to those matters set out in the stalemenl below. Independent In connection with my examination, no matter has come to my attention examiner's statement (other than that disclosed below'l which gives me reasonable Cause to believe that in, any material respèct, the requirements.. to keep accounting records in accordan with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: Pamela J Turner IER
Relevant professional qualification(s) or body (if any): Addrèss: STOtClEPr Hi&f&L( ortJ tAILT5HI @A1 Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. accounting records have not been kept in accordance with s132 of the Charities, Act 2011 and those accounts do not Comply with the requirements of the 2008 Regulations setting out the form and content of charity accounts,. any material expenditure or action which appears not to be sn accordance with the trusts of the charity,. any failure to be provided with information and explanation5 by any past or present trustee, officer or employee.- and any material tonsistency between the accounts and the trustees, annual report.) IER
Give here brief detalls of any items that tha examiner wlshas to disclose. 9P IER