- - Treasurer report Frimley Green Pre School – Profit and loss Commentary Year ending August 31[st] 2021
Income £110,455 Expenses £96,494 Profit + £13,961
Income
The main source of income for the pre-school are our fees, these saw a large increase for the 2020 -21 period from £93,038 to £106,721, an increase of £13,683 on the 2019 - 20 accounting period.
This was a full year, quite early on, in terms of children’s places, which contributed towards this increase.
Fundraising is a large source of income for us and that’s one of the reasons that the Committee play such a fundamental role in the pre school.
Lizzie and the Committee did a fantastic job raising funds for the school, despite these exceptional times. The Committee manged to ‘save Christmas’, which historically is a fantastic fundraising opportunity. We went online, opening a shop, selling raffle tickets, receiving Silent auction bids and raised a whopping, £818, this is the highest amount we have ever raised at Christmas.
Ordinarily, we would raise extra funds from the Surrey Heath show and the Carnival, but due to Covid, these events were cancelled. We did though, manage to hold our annual sports days, which was fantastic after the previous few months, this event raised £477 for the pre school.
I say this every year, Sponsored events are always a great money raiser, that don’t require any outlay. We held both a sponsored slide and bounce, which raised £870, we had some very energetic children this year!
We also continued with the Smarties fundraiser, which raised £204.
Commission based fundraising, is an easy way to raise funds for the pre school. This year we received commission from Easy fund raising, Bags 2 school, ink recycling and a lottery based scheme.
Interest rates remain low, I explored a couple of different options to give us a
better return on our money, but due to us being a charity, these were not suitable.
Expenses
The pre-school’s largest expense are the staff’s wages, these saw an increase of £6.5k, compared to the previous year, this can be attributed to a new member of staff and pay per hour increasing, so as now in line with the Government’s NLW.
Rent is another large expense for the pre-school. This increased by £4,500, compared to last year. This we expected, as Tony Moore, generously waivered a term’s rent in the previous year.
The preschool invested in some brilliant, durable play equipment for the children, therefore equipment costs rose by £2,500
This year was a low training year, therefore expenses for this were down, but will increase next year, certain training courses are required.
Consumables increased greatly, by £1,952, this is to be expected, due to a lot of this being spent on extra cleaning products and equipment that was required for us to stay open and for everyone to remain safe.
Last year, we took the decision to become cashless, ordinarily we would have a petty cash fund, therefore many consumable products would be purchased through this. Instead, we agreed that certain staff members were to purchase any required products and for them to claim them back as expenses. This we will continue.
Despite these unprecedented times, Frimley Green pre-school made a profit in the 2020 - 2021 period, of £13,962,
The Pre-school balances continue to look healthy, with a balance in the reserve account for redundancies and contingencies. Balances as of 31[st] August 2021:
Current account: £54,448.16 Reserve account: £30,627.03
Chairperson report
Despite Covid the beginning of the academic year started well. Myself, Sarah, Jodie, Holly and Ange started working on the Christmas fundraiser. We had wanted to do a Christmas fair but Covid scuppered that. Instead we did an online Christmas shop selling handmade crafts, sweet treats and handmade festive face masks . We also held a raffle and a silent auction. Thanks to generous donations from families and local businesses and the hard work of the committee we raised over £800. Following this we ran an Easter trail which was great fun and a chance for families to meet outside in the playground where we sold coffees and cookies. We were delighted sports day could go ahead and raised £376. The pre school team ran a sponsored slide, sponsored bounce and the Smarties tubes...together these raised over a £1000.
In total last year we raised £2981. This went towards equipment for the I door and outdoor play areas plus experiences for the children. Thank you to all the staff, committee and families for your hard work making this happen. Being on the committee is a great way to give back to the pre school community and a great way to meet new people. I've really enjoyed it and it's so lovely to know we've helped give the children an even more amazing pre school experience. Please consider joining the committee, if this isn't possible then we always appreciate people helping out at events and supporting the pre school. Huge thanks to the pre school staff who make this such a wonderful place for our children
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2020 - 2021
INCOME
FEES PARENTS AND FUNDED £106,721.36
SCC OTHER £0.00
ADMIN FEE / SHIRTS £312.00
FUNDRAISING £3,236.86
OTHER £181.98
£0.00
£0.00
REFUNDS £0.00
INTEREST £3.08
£110,455.28
EXPENSES
WAGES £71,570.87
RENT £12,965.62
MARKETING £545.08
TRAINING AND EXPENCES £180.23
EQUIPMENT £3,028.49
OTHER £1,804.30
CONSUMABLES £2,941.88
STATIONARY £1,285.19
ANNUAL COSTS £1,052.46
TELEPHONE £741.90
FUNDRAISING EXPENCES £53.79
PETTY CASH £0.00
OVERPAYMENTS £323.04
POST £1.50
£96,494.35
PROFIT/(LOSS) FOR THE YEAR £13,960.93
OPENING BALANCE
Current & Reserve £71,114.26
Plus profit/loss for year £13,960.93
Petty cash opening balance
Adjustment
Outstanding chqs
Chqs not presented
£85,075.19
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REPRESENTED BY CLOSING BALANCE PETTY CASH CLOSING BALANCE £0.00 NAT WEST CURRENT ACCOUNT £54,448.16 NATWEST RESERVE ACCOUNT £30,627.03 £85,075.19
DIFF ACTUAL BANK Alc VS FGPS FIGURES £0.00
Frimley Green Pre-School Registered Charity Number 1016581 Profit and Loss Account Year Ended 31st August 2020
| Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
Frimley Green Pre-School Registered Charity Number 1016581 Proft and Loss Account Year Ended 31st August 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 - 2021 2019 - 2020 2018 - 2019 |
||||||||||
| INCOME AUTUMN WINTER SPRING A SPRING B SUMMER A SUMMER B Dif on previous year |
||||||||||
| FEES PARENTS AND FUNDED | £13,683.17 | £31,861.58 | £7,520.55 | £26,436.74 | £19,290.79 | £16,771.06 | £4,840.64 | £106,721.36 | £93,038.19 | £77,965.49 |
| SCC OTHER | £0.00 | £0.00 | ||||||||
| ADMIN FEE / SHIRTS | -£255.00 | £34.00 | £80.00 | £12.00 | £80.00 | £106.00 | £312.00 | £567.00 | £388.00 | |
| FUNDRAISING | £250.27 | £22.50 | £1,429.58 | £65.00 | £407.14 | £35.50 | £1,277.14 | £3,236.86 | £2,986.59 | £2,450.55 |
| OTHER | -£811.87 | £75.00 | £36.00 | £30.00 | £40.98 | £181.98 | £993.85 | £100.00 | ||
| £0.00 | £0.00 | |||||||||
| £0.00 | £0.00 | |||||||||
| REFUNDS | £0.00 | £0.00 | £24.91 | |||||||
| INTEREST | -£43.46 | £3.08 | £3.08 | £46.54 | £57.05 | |||||
| £12,823.11 | £110,455.28 £97,632.17 £80,986.00 |
|||||||||
| EXPENSES | ||||||||||
| WAGES | £6,514.32 | £9,700.91 | £12,649.97 | £11,142.03 | £5,863.51 | £12,265.79 | £19,948.66 | £71,570.87 | £65,056.55 | £65,327.22 |
| RENT | £4,552.34 | £5,185.10 | £4,193.62 | £3,586.90 | £12,965.62 | £8,413.28 | £12,330.10 | |||
| MARKETING | -£54.16 | £28.78 | £292.80 | £122.40 | £92.40 | £8.70 | £545.08 | £599.24 | £510.20 | |
| TRAINING AND EXPENCES | -£506.87 | £162.00 | £18.23 | £180.23 | £687.10 | £453.50 | ||||
| EQUIPMENT | £2,509.88 | £24.76 | £143.30 | £32.67 | £51.06 | £94.79 | £2,681.91 | £3,028.49 | £518.61 | £2,134.75 |
| OTHER | £1,671.42 | £55.00 | £894.50 | £366.00 | £268.80 | £220.00 | £1,804.30 | £132.88 | £835.00 | |
| CONSUMABLES | £1,952.74 | £834.90 | £141.56 | £376.88 | £199.55 | £758.94 | £630.05 | £2,941.88 | £989.14 | £274.77 |
| STATIONARY | £692.51 | £361.23 | £98.63 | £262.68 | £102.56 | £203.03 | £257.06 | £1,285.19 | £592.68 | £752.91 |
| ANNUAL COSTS | -£381.80 | £111.82 | £50.00 | £855.64 | £35.00 | £1,052.46 | £1,434.26 | £1,470.29 | ||
| TELEPHONE | £105.76 | £123.94 | £204.96 | £204.84 | £208.16 | £741.90 | £636.14 | £583.20 | ||
| FUNDRAISING EXPENCES | -£57.03 | £7.00 | £13.15 | £33.64 | £53.79 | £110.82 | £125.83 | |||
| PETTY CASH | £0.00 | £0.00 | ||||||||
| OVERPAYMENTS | £323.04 | £323.04 | £323.04 | |||||||
| POST | £1.50 | £1.50 | £1.50 | 4.61 | ||||||
| £17,323.65 | £96,494.35 £79,170.70 £84,802.38 |
|||||||||
| PROFIT/(LOSS) FOR THE YEAR £22,277.85 |
£13,960.93 £18,461.47 -£3,816.38 |
|||||||||
| OPENING BALANCE | ||||||||||
| Current & Reserve |
71114.26 | 52691.4 | 56530.73 | |||||||
| Plus proft/loss for year | £13,960.93 | 18461.47 | -£3,816.38 | |||||||
| Petty cash opening balance | 30.4 | 7.45 | ||||||||
| Adjustment | ||||||||||
| Outstanding chqs | ||||||||||
| Chqs not presented | ||||||||||
| £85,075.19 £71,183.27 £52,721.80 |
||||||||||
| REPRESENTED BY CLOSING BALANCE PETTY CASH CLOSING BALANCE NAT WEST CURRENT ACCOUNT NATWEST RESERVE ACCOUNT |
0 69.01 £30.40 54448.16 40490.31 £22,113.99 30627.03 30623.95 £30,577.41 |
|||||||||
| £85,075.19 £71,183.27 £52,721.80 |
||||||||||
| DIFF ACTUAL BANK A/C VS FGPS FIGURES | £0.00 £0.00 £0.00 |
Frimley Green Pre-School Registered Charity Number 1016581 Profit and Loss Account Year Ended 31st August 2020 2017 - 2018 2016 - 2017
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£85,566.30 £74,576.38
£392.00 £100.00
£3,259.59 £2,776.60
£532.00
£8.34 £133.32
£2.00
£63.00
£13.02 £5.32
£89,834.25 £77,593.62
£59,920.59 £53,667.27
£12,200.04 £10,192.85
£1,149.41 £665.12
£335.20 £637.20
£2,410.34 £2,434.59
£251.14 £2,379.65
£234.97 £596.13
£621.57 £683.28
£1,289.26 £1,030.92
£485.06 £351.12
£126.14 £103.57
£0.00
£0.00
£22.43 £19.73
£79,046.15 £72,761.43
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£10,788.10 £4,832.19
| £45,717.02 | £40,897.38 |
|---|---|
| £4,832.19 | |
| £33.06 | £20.51 |
| £0.00 | |
| £0.00 | |
| £0.00 | |
| £0.00 | |
| £45,750.08 £45,750.08 |
|
| £7.45 £33.06 £26,010.37 £15,209.68 £30,520.36 £30,507.34 |
|
| £56,538.18 £45,750.08 |
|
| £10,788.10 £0.00 |
TO WHOM IT MAY CONCERN I have inspected the a¢¢ounls of Frimley Green Pre-Sch¢)ol, Registered Charty Numbef 1016581, and agree that they are a true fecord of the financial transactions earried out dunn9 the year ended 3151 August 2021. Brian Theobakl ACA 7933514 13 fimber Bank Frimley Green Camberley Surrey GU16 8PL