Rackerhayes Pre-School
Treasurer's Report 2021 – 2022
This years accounts are run from 1st September 2021 - 31st August 2022
Income
The total income for the year was £108,481.59 of which £9,726.33 were paid school fees & lunch club fees. We received £85,639.28 in funding from DCC Early Years and £6,996.50 from vouchers. The remaining income was generated through fundraising, socials, registrations fees etc. After the reduction of fundraising in the past few years due to the COVID restrictions, the amount raised from fundraising has started to rise again, fundraising this year being £1633.04, which includes £999 funding awarded from Kingsteignton Council.
Expenditure
The total expenditure for the year was £109,313.92. We spent £85,908.82 on staff wages, £625.40 on staff training and £4680.50 on renting the premises. The rest of the expenditure is broken down on the End of Year sheet - Staff wages have increased this year, this in turn increases the Pensions. The Tax and NI however is lower this year due to being in credit from 5 years previous. This has now almost been cleared so will go back up again next year.
We have also spent £1010.02 on replacing and renewing toys and equipment and on the outdoor play area.
Computer consumables have gone up this year as it includes the purchase of a new printer. We have had some major repairs this year spending £3313.84 on replacing the fence, repairing a shed roof and a new shed.
These figures also include a monthly SO transferring £100 into a contingency fund, we use this account to cover expenses / wages during quieter periods. This year in November we transferred £3500.00 from the contingency fund into the current account to cover wage expenses and when the funding came through this was transferred back into the contingency in December.
Petty Cash
The Petty Cash Held at the end of the year is £105.67, the income from fee’s and expenditure split between heating, snacks, gardening and activity items.
The accounts are currently with an independent examiner