Rackerhayes Pre-School
Treasurer's Report 2024 – 2025
This years accounts are run from 1st September 2024 - 31st August 2025
Income
The total income for the year was £152,028.83 of which £8433.79 were paid school fees & lunch club fees. We received £139,085.85 in funding from DCC Early Years and £1931.25 from vouchers. The remaining income was generated through fundraising, socials, registrations fees etc. The amount raised from fundraising and Social Events was £2187.92
Expenditure
The total expenditure for the year was £147,708.13. We spent £128,957.17 on employment costs, £602.00 on staff training and £5000.00 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, Tax and National Insurance.
We have also spent £999.84 on replacing and renewing toys and equipment and on the outdoor play area.
These figures also include a monthly SO transferring £100 into a contingency fund, we use this account to cover expenses / wages during quieter periods.
Petty Cash
The Petty Cash Held at the end of the year is £57.70, the income from fee’s and expenditure split between snacks, printing photos and activity items.
The accounts are currently with an independent examiner
| Rackerhayes Pre-school | Rackerhayes Pre-school | Rackerhayes Pre-school |
|---|---|---|
| 1st Sept 2023 - 31st Aug 2024 | 1st Sept 2024 - 31st Aug 2025 | |
| INCOME | ||
| 5918.88 | Fees | 8433.79 |
| 7827.50 | Vouchers | 1931.25 |
| 129735.15 | Funding | 139,085.85 |
| 114.09 | Fund Raising | 89.49 |
| 0.00 | Registration Fees | 0.00 |
| 542.46 | £ in from Socials | 2098.43 |
| 0.00 | £ in from Trips | 00.00 |
| 44.00 | New Uniform | 155.00 |
| 1.00 | Used Uniform | 0.00 |
| 0.00 | Scholastic | 0.00 |
| 0.00 | Tempest | 0.00 |
| 37.72 | Misc Income* | 235.02 |
| £144,220.80 | £152,028.83 | |
| EXPENDITURE | ||
| 97759.14 | Wages | 118,381.59 |
| 3041.49 | Pension | 3950.30 |
| 3874.81 | TAX & NI | 6625.28 |
| 4894.00 | Rent | 5000.00 |
| 576.84 | Stationary | 698.41 |
| 4369.49 | Misc | 4214.98** |
| 0.00 | Trips | 0.00 |
| 175.00 | Socials | 1534.92 |
| 1547.03 | Photos & Children’s Presents | 1378.49 |
| 7121.97 | Repairs | 29.94 |
| 861.05 | Toys & Equipment | 785.76 |
| 739.78 | Payroll | 1318.20 |
| 0.00 | Outdoor Play Area (Inc outdoor classroom) |
184.14 |
| 599.70 | Staff Training | 602.00 |
| 1085.62 | Insurance | 1200.75 |
| 35.00 | Ofsted | 35.00 |
| 331.99 | Phone / Internet | 344.38 |
| 0.00 | Computer Consumables | 0.00 |
| 0.00 | Website | 0.00 |
| 6200.00 | Transfer to Contingency* | 1200.00 |
| 0.00 | Advertising | 0.00 |
| 33.60 | Bank Charges | 223.99 |
| £133,246.51 | £147,708.13 | |
| Year 2023 / 2024 |
*£5000.00 transferred from Main A/C back to Contingency from 22/23
Misc items
Sundries - Paper towels, Paper Cups, gloves, tissues, cleaning equipment etc Uniform Postage Data Protection Fee Chocolate for fundraising event Snacks for preschool Additional sanitising equipment / Covid PPE- Aprons etc **£213.55 this amount is showing as a variance due to the excel spreadsheet not pulling through all the information correctly - all figures and statements match and this value has been added to Miscellaneous. A new spreadsheet has been designed for much easier accounting and will hopefully eliminate this problem
Christopher Marle FCCA Chartered Certified Accountant 28 Broadway Avenue, Kingsteignton, Devon, TQ12 3EW 07786 884 585 chrismarle@virginmedia.com
29[th] July 2026 Rackerhayes Pre-School St. Michael’s Church Hall Chudleigh Road Kingsteignton Devon, TQ12 3EW
- To the Trustees of Rackerhayes Pre School, (the Trust). Registered Charity No.1017322
Independent Examiners Report of Accounts for the year to 31 st August 2025
Introduction
The following report is a summary of my independent review of the accounting records and Treasurer’s Report to the Trust for the year ended 31[st] August 2025. The Trust is eligible to opt for this independent review in lieu of a full Audit due to its gross revenue being below the Charity Commission threshold. I can confirm that I am a Chartered Certified Accountant of good standing and am conducting this examination in line with the ACCA’s guidance for honorary work for Charities. I have no close personal relationship with any of the Trustees and am not involved with the management or day to day running of the charity. My examination has been conducted following the Charity Commission’s directions and in line with the Guidance for Examiners (CC32).
Report
I have reviewed the accounting records maintained by the Trust and can confirm that these were sufficient to verify the years transactions. I have been able to follow the transaction process of all income and expenditure that I selected for testing although an issue with the electronic cash book meant that a small value of miscellaneous expenditure had not been recorded correctly. This did not result in a material variance and has been corrected in the submission. The Treasurers Report prepared for submission accurately describes the financial position of the Trust with account balances reconciling to bank statements.
Conclusion
Discussions with the Treasurer show that the Trust is considering alternative means of generating extra income given the current economic pressures and the Trust has sufficient funds to maintain operations, including a Contingency fund which is topped up on a regular basis. In conclusion, I can verify that the interests of the Trust are being suitably governed and I have not observed any issues to cause concern regarding the financial position of the Trust.
Yours sincerely,
Christopher Marle FCCA