**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. 



|£<br>£<br>£<br>£<br>**Income**<br>Fees<br>15540<br>WCC Grants<br>104610<br>Milk grant (now outsourced)<br>Fund Raising<br>204<br>Training<br>0<br>Donations<br>379<br>Sundry<br>0<br>Grants<br>0<br>ISF Income<br>3860<br>EYPP Income<br>3654<br>DAF Income<br>1845<br>PPE Income<br>2300<br>Bank Interest<br>3<br>**TOTAL INCOME**<br>132395<br>**Less expenditure**<br>Salaries<br>74689<br>56067<br>DBS checks<br>111<br>126<br>Consumables<br>4239<br>3680<br>Milk (now outsourced)<br>0<br>98<br>Fund Raising<br>133<br>303<br>Staff Refreshments<br>11<br>20<br>Finance Management<br>4428<br>4544<br>Subscriptions<br>286<br>685<br>Utilities<br>Electricity<br>*<br>5771<br>0<br>Water<br>*<br>392<br>0<br>Building costs<br>21570<br>622<br>Equipment<br>934<br>4592<br>Training<br>1161<br>1452<br>Grants<br>Lease costs<br>*<br>325<br>0<br>Insurance<br>1535<br>2459<br>Refuse<br>633<br>295<br>Internet & Telephone<br>764<br>710<br>Advertising and Promotion<br>141<br>106<br>Grounds<br>243<br>10<br>Sundry<br>Er's pension costs<br>809<br>708<br>Bad debts written off<br>128<br>2135<br>EYPP spend<br>2806<br>1182<br>PPE Spend<br>951<br>710<br>ISF Spend<br>1108<br>DAF Spend<br>374<br>rounding adjustment<br>-2<br>-1<br>Depreciation<br>3095<br>4422<br>**TOTAL EXPENDITURE**<br>126635<br>5760<br>**5760**<br>Busy Bees Pre-School<br>Income and Expenditure<br>for the period ending 31st January 2022<br>**Surplus Running Income over**<br>**Surplus Annual Income over**<br>2021-2022|£<br>£<br>£<br>£<br>**Income**<br>Fees<br>15540<br>WCC Grants<br>104610<br>Milk grant (now outsourced)<br>Fund Raising<br>204<br>Training<br>0<br>Donations<br>379<br>Sundry<br>0<br>Grants<br>0<br>ISF Income<br>3860<br>EYPP Income<br>3654<br>DAF Income<br>1845<br>PPE Income<br>2300<br>Bank Interest<br>3<br>**TOTAL INCOME**<br>132395<br>**Less expenditure**<br>Salaries<br>74689<br>56067<br>DBS checks<br>111<br>126<br>Consumables<br>4239<br>3680<br>Milk (now outsourced)<br>0<br>98<br>Fund Raising<br>133<br>303<br>Staff Refreshments<br>11<br>20<br>Finance Management<br>4428<br>4544<br>Subscriptions<br>286<br>685<br>Utilities<br>Electricity<br>*<br>5771<br>0<br>Water<br>*<br>392<br>0<br>Building costs<br>21570<br>622<br>Equipment<br>934<br>4592<br>Training<br>1161<br>1452<br>Grants<br>Lease costs<br>*<br>325<br>0<br>Insurance<br>1535<br>2459<br>Refuse<br>633<br>295<br>Internet & Telephone<br>764<br>710<br>Advertising and Promotion<br>141<br>106<br>Grounds<br>243<br>10<br>Sundry<br>Er's pension costs<br>809<br>708<br>Bad debts written off<br>128<br>2135<br>EYPP spend<br>2806<br>1182<br>PPE Spend<br>951<br>710<br>ISF Spend<br>1108<br>DAF Spend<br>374<br>rounding adjustment<br>-2<br>-1<br>Depreciation<br>3095<br>4422<br>**TOTAL EXPENDITURE**<br>126635<br>5760<br>**5760**<br>Busy Bees Pre-School<br>Income and Expenditure<br>for the period ending 31st January 2022<br>**Surplus Running Income over**<br>**Surplus Annual Income over**<br>2021-2022|£<br>£<br>£<br>£<br>**Income**<br>Fees<br>15540<br>WCC Grants<br>104610<br>Milk grant (now outsourced)<br>Fund Raising<br>204<br>Training<br>0<br>Donations<br>379<br>Sundry<br>0<br>Grants<br>0<br>ISF Income<br>3860<br>EYPP Income<br>3654<br>DAF Income<br>1845<br>PPE Income<br>2300<br>Bank Interest<br>3<br>**TOTAL INCOME**<br>132395<br>**Less expenditure**<br>Salaries<br>74689<br>56067<br>DBS checks<br>111<br>126<br>Consumables<br>4239<br>3680<br>Milk (now outsourced)<br>0<br>98<br>Fund Raising<br>133<br>303<br>Staff Refreshments<br>11<br>20<br>Finance Management<br>4428<br>4544<br>Subscriptions<br>286<br>685<br>Utilities<br>Electricity<br>*<br>5771<br>0<br>Water<br>*<br>392<br>0<br>Building costs<br>21570<br>622<br>Equipment<br>934<br>4592<br>Training<br>1161<br>1452<br>Grants<br>Lease costs<br>*<br>325<br>0<br>Insurance<br>1535<br>2459<br>Refuse<br>633<br>295<br>Internet & Telephone<br>764<br>710<br>Advertising and Promotion<br>141<br>106<br>Grounds<br>243<br>10<br>Sundry<br>Er's pension costs<br>809<br>708<br>Bad debts written off<br>128<br>2135<br>EYPP spend<br>2806<br>1182<br>PPE Spend<br>951<br>710<br>ISF Spend<br>1108<br>DAF Spend<br>374<br>rounding adjustment<br>-2<br>-1<br>Depreciation<br>3095<br>4422<br>**TOTAL EXPENDITURE**<br>126635<br>5760<br>**5760**<br>Busy Bees Pre-School<br>Income and Expenditure<br>for the period ending 31st January 2022<br>**Surplus Running Income over**<br>**Surplus Annual Income over**<br>2021-2022|£<br>£<br>£<br>£<br>**Income**<br>Fees<br>15540<br>WCC Grants<br>104610<br>Milk grant (now outsourced)<br>Fund Raising<br>204<br>Training<br>0<br>Donations<br>379<br>Sundry<br>0<br>Grants<br>0<br>ISF Income<br>3860<br>EYPP Income<br>3654<br>DAF Income<br>1845<br>PPE Income<br>2300<br>Bank Interest<br>3<br>**TOTAL INCOME**<br>132395<br>**Less expenditure**<br>Salaries<br>74689<br>56067<br>DBS checks<br>111<br>126<br>Consumables<br>4239<br>3680<br>Milk (now outsourced)<br>0<br>98<br>Fund Raising<br>133<br>303<br>Staff Refreshments<br>11<br>20<br>Finance Management<br>4428<br>4544<br>Subscriptions<br>286<br>685<br>Utilities<br>Electricity<br>*<br>5771<br>0<br>Water<br>*<br>392<br>0<br>Building costs<br>21570<br>622<br>Equipment<br>934<br>4592<br>Training<br>1161<br>1452<br>Grants<br>Lease costs<br>*<br>325<br>0<br>Insurance<br>1535<br>2459<br>Refuse<br>633<br>295<br>Internet & Telephone<br>764<br>710<br>Advertising and Promotion<br>141<br>106<br>Grounds<br>243<br>10<br>Sundry<br>Er's pension costs<br>809<br>708<br>Bad debts written off<br>128<br>2135<br>EYPP spend<br>2806<br>1182<br>PPE Spend<br>951<br>710<br>ISF Spend<br>1108<br>DAF Spend<br>374<br>rounding adjustment<br>-2<br>-1<br>Depreciation<br>3095<br>4422<br>**TOTAL EXPENDITURE**<br>126635<br>5760<br>**5760**<br>Busy Bees Pre-School<br>Income and Expenditure<br>for the period ending 31st January 2022<br>**Surplus Running Income over**<br>**Surplus Annual Income over**<br>2021-2022|£<br>£<br>£<br>£<br>**Income**<br>Fees<br>15540<br>WCC Grants<br>104610<br>Milk grant (now outsourced)<br>Fund Raising<br>204<br>Training<br>0<br>Donations<br>379<br>Sundry<br>0<br>Grants<br>0<br>ISF Income<br>3860<br>EYPP Income<br>3654<br>DAF Income<br>1845<br>PPE Income<br>2300<br>Bank Interest<br>3<br>**TOTAL INCOME**<br>132395<br>**Less expenditure**<br>Salaries<br>74689<br>56067<br>DBS checks<br>111<br>126<br>Consumables<br>4239<br>3680<br>Milk (now outsourced)<br>0<br>98<br>Fund Raising<br>133<br>303<br>Staff Refreshments<br>11<br>20<br>Finance Management<br>4428<br>4544<br>Subscriptions<br>286<br>685<br>Utilities<br>Electricity<br>*<br>5771<br>0<br>Water<br>*<br>392<br>0<br>Building costs<br>21570<br>622<br>Equipment<br>934<br>4592<br>Training<br>1161<br>1452<br>Grants<br>Lease costs<br>*<br>325<br>0<br>Insurance<br>1535<br>2459<br>Refuse<br>633<br>295<br>Internet & Telephone<br>764<br>710<br>Advertising and Promotion<br>141<br>106<br>Grounds<br>243<br>10<br>Sundry<br>Er's pension costs<br>809<br>708<br>Bad debts written off<br>128<br>2135<br>EYPP spend<br>2806<br>1182<br>PPE Spend<br>951<br>710<br>ISF Spend<br>1108<br>DAF Spend<br>374<br>rounding adjustment<br>-2<br>-1<br>Depreciation<br>3095<br>4422<br>**TOTAL EXPENDITURE**<br>126635<br>5760<br>**5760**<br>Busy Bees Pre-School<br>Income and Expenditure<br>for the period ending 31st January 2022<br>**Surplus Running Income over**<br>**Surplus Annual Income over**<br>2021-2022|||Fixed assets<br>Building<br>Current Assets<br>Unrestricted<br>Petty Cash<br>Cash income held<br>Busy Bees Nat West Account<br>Debtors<br>Restricted<br>Deposit Account<br>LESS<br>Current liabilities<br>Trade Creditors<br>Other Creditors<br>Bank Account: Bounce Back Loan<br>**Net Assets**<br>**Financed by**<br>Accumulated Fund as at 1st February 2020<br>Surplus Income over Expenditure<br>**Notes to the Account**<br>The Accumulated fund is held as<br>**Restricted funds**<br>Net book value of building<br>Contingency for closure<br>FUNDRAISING bf<br>plus fundraising balance in year<br>Balance of fundraising cf<br>EYPP bf<br>plus surplus EYPP in year<br>Balance of EYPP cf<br>**Unrestricted funds**<br>General fund<br>purchase price of new Hive building<br>Hive building fixed asset value<br>Depreciation calculated at 30% of net book va<br>**Contingency for closure**<br>building removal costs - dictated by Wiltshire<br>Redundancy<br>Pay in lieu of notice<br>administration<br>Building removal site restoration<br>lease costs noticeperiod|Busy Bees Pre-School<br>Balance Sheet<br>for the period ending 31st January 2022|Busy Bees Pre-School<br>Balance Sheet<br>for the period ending 31st January 2022|Busy Bees Pre-School<br>Balance Sheet<br>for the period ending 31st January 2022|Busy Bees Pre-School<br>Balance Sheet<br>for the period ending 31st January 2022|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||£<br>74689<br>111<br>4239<br>0<br>133<br>11<br>4428<br>286<br>5771<br>392<br>21570<br>934<br>1161<br>325<br>1535<br>633<br>764<br>141<br>243<br>809<br>128<br>2806<br>951<br>1108<br>374<br>-2<br>3095|£<br>15540<br>104610<br>204<br>0<br>379<br>0<br>0<br>3860<br>3654<br>1845<br>2300<br>3<br>2021-2022|£<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>5760|£<br>56067<br>126<br>3680<br>98<br>303<br>20<br>4544<br>685<br>0<br>0<br>622<br>4592<br>1452<br>0<br>2459<br>295<br>710<br>106<br>10<br>708<br>2135<br>1182<br>710<br>-1<br>4422|£<br>9767<br>78695<br>193<br>276<br>754<br>309<br>1890<br>8<br>2020-2021|£<br><br><br><br><br><br><br><br><br><br><br>6967||£<br>At cost<br>87697<br>8<br>0<br>23984<br>659|£<br>Culumlative<br>Depreciation<br><br>80,474<br><br><br><br><br>24651<br><br>34512<br>2021-2022|£<br>NBV<br>7,223<br><br><br><br><br>38881|£<br>At cost<br>87697<br>74<br>199<br>9375<br>618|£<br>Culumlative<br>Depreciation<br><br>77,379<br><br><br><br><br>10266<br><br>20009<br>2020-2021|£<br>NBV<br>10,318<br><br><br><br><br>30026|
|||||||||34512|||20009|||
|||||||||255<br>27<br>20000|||249<br>6<br>-27<br>517<br>-428|||
||||||||||59163<br><br><br><br>20282|||30275<br>||
|||132395<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>126635|||91892<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>84925|||||||||
|||||||||-21<br>71||||||
||||||||||7223<br>43506<br><br><br>50<br><br><br>937<br>-5612|||249<br>10318<br>25265<br><br><br>-21<br><br><br>89<br>4693||
|||||||||||46104|||40344<br>33377<br>6967|
|||||||||||40344<br>5760||||
|||||||||||46104|||40344|
|||||||||||||||
|||||||||89<br>848||||||
|||||||||||||||
|||||||||||46104|||40344|
|||||||||||||||
|||||||||lue<br>Council|87697<br>20000<br>14080<br>8356<br>1020<br>0<br>50|43506|Increased from £8K to £20K as mor<br>4 weeks of ave weekly pay<br>Incorporated in building removal cos||e realistic cost<br>ts|
|||||||||||||||
|||||||||||||||
||||**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:
STO￿tClEPr
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