2025-05-31-accounts - Good Shepherd Pre-School

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The Good Shepherd Pre-School, Woodthorpe, Nottingham Charity Number: 1020606 AGM – Financial Report Year Ending 31[st] May 2025

This report covers the financial year ending 31[st] May 2025. These accounts have been subjected to an independent audit, and if approved at this AGM, will be formally lodged with The Charity Commission, alongside the Trustee’s Annual Report.

Surplus & Deficit

Total Income for the year was £76,029.40; representing a loss of £13,264.12 on last years £89,293.52 (-14.9%)

The majority of the income was Nottinghamshire County Council funding which totalled £64,611.67. This is a loss of £2,668.73 on last year. A further £10,418.95 came from non-funded fees (including Lunch Club). Fundraising has been limited due to the costof-living issues facing parents. However, we have managed to raise £493.45 from fundraising activates and we have had donation of £994.18 from another pre-school who had closed.

Total Expenditure for the year has increased by £2,297.11 to £80,342.73 (2.9%)

As expected, the majority spend was on Staff Wages and HMRC (National Insurance / PAYE) which totalled £69,770.15. After revising staff hours/admin hours and the National minimum wage increase, our wages, NI and HMRC cost has increased by £3,446.93 to £69,770.15 from £66,323,22 from last year. Rent costs came in at £8265.00, an increase of 2.6% from £8820.00 due to a rent increase. ( payment for May 25 rent was made in June 25, which will show in next year’s report.)

Other significant spend included Materials £368.32, Food & Snacks £244.12 plus £704.24 on Telephone & Internet charges. Other spending includes £821.40 on insurances (EYA insurance, Ofsted registrations, TV licence etc.)

The majority of these costs are less than previous years due to snack donations from parents, consolidation of materials and art supplies and changing our insurance provider.

Net Surplus for Financial Year ending 31[st] May 2024 therefore stood at £-4,313.33.

Banking

The Good Shepherd Pre-School holds banking facilities with Lloyds Banking Group.

Total Working Cash Balance as at 31[st] May 2024 stood at £49,248.59. Total Working Cash Balance as at 30[th] May 2025 stood at £44,585.36.

Cash in hand is vital in ensuring the Pre-School could meet its financial commitments from June through to October – as no government funding is received in those months.

Reserve Policy

This is a wholly ring-fenced amount of money; separate to the working cash balance; that provides a financial safety net, should the setting encounter difficulties.

Separate documentation is available on request outlining specifics, but the policy covers:-

3 Months Operating Costs
Estimated Relocation Costs
Staff Redundancies

Although it is hoped that Reserves are not needed, the Policy offers financial protection against unforeseen circumstances that might force us to close.

Staff Wages

With effect from 1[st] April 2025, the National Minimum Wage rose from £11.44 – £12.21 representing an increase of 6.7%.

Although we already pay above NMW, the Committee adopts a policy of widening this gap each year. With the significant increases in NMW in recent years and the financial deficit of the preschool in previous years, the committee took the decision to maintain this gap rather than widening it. Therefore, staff wages are £0.25 per hour above the national minimum wage.

Pre-School Fees

Pre-School is £16.80 per session for both Funded and Unfunded instances and the lunch club is £4.00 per session.

It is important to note the following:-

Strong cash holding within the Pre-School current account – despite significant losses since Covid-19 pandemic.
Ring-fenced Reserve Policy funds
Constant review of spending to ensure money goes to the right places
Strong advertising to ensure child numbers are maintained and increased

Laura Bracey Treasurer

The Good Shepherd Pre-School

PROFIT AND LOSS ACCOUNTS

INCOME

Fees £9,925.50 Funding £64,611.67 Fundraising £493.45 Donations £994.18 Other £4.60 Total Income £76,029.40

EXPENDITURE
Wages & NI	£69,770.15
Premises	£8,265.00
Utilities	£169.50
Insurance	£821.40
Training	£0.00
Print & Stationery	£0.00
Maintenance	£0.00
Materials	£368.32
Toys	£0.00
Food	£244.12
Milk	£0.00
Telephone & Internet	£704.24
Other	£0.00
		Total Expenditure		£80,342.73

		Net Profit / Loss	-£	4,313.33

Month	Day	Ref	Detail
June June June June June June July July July July July July July July July July July July July August September September September October October October October November November November November December December December December December December December December December December December December December January January January	10 10 21 25 27 27 1 1 1 2 2 5 9 10 11 23 23 24 26 9 2 9 30 1 4 9 24 4 11 20 25 2 3 3 9 9 10 17 19 19 19 20 23 31 2 6 9		Interest Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Notts CC Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Interest Preschool Fees Preschool Fees Notts CC Preschool Donation - Arnold Preschool Fees Preschool Fees Interest Notts CC Interest Notts CC Preschool Fees Notts CC Interest Preschool Fees Notts CC Interest Preschool Fees Preschool Fees Notts CC Preschool Fees Preschool Fees Preschool Fees Interest Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Notts CC Notts CC Notts CC Preschool Fees Interest

January January January January January January January February February February February March March March March March March March March March March March March March April April April April April April April May May May May May May	15 21 21 24 30 30 31 3 4 10 17 3 4 4 4 5 7 10 20 25 25 27 27 28 2 7 8 8 8 9 25 6 9 12 13 15 22		Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Notts CC Preschool Fees Interest Preschool Fees Notts CC Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Interest Preschool Fees Notts CC Preschool Fees Preschool Fees Preschool Fees Preschool Fees Preschool Fees Notts CC Preschool Fees Preschool Fees Preschool Fees Interest Preschool Fees Notts CC Interest Preschool Fees Preschool Fees Preschool Fees Preschool Fees

TOTALS

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TOTAL COLUMNS F to J

Total received	Fees	Funding	Fundraising	Donations	Other
£ 0.42 £ 132.00 £ 255.50 £ 148.00 £ 259.00 £ 555.00 £ 5,795.77 £ 277.50 £ 34.00 £ 122.50 £ 32.00 £ 224.00 £ 0.38 £ 224.00 £ 49.50 £ 200.77 £ 979.18 £ 16.50 £ 523.50 £ 0.40 £ 5,765.34 £ 0.37 £ 6,990.28 £ 445.50 £ 542.48 £ 0.35 £ 191.50 £ 6,990.27 £ 0.39 £ 486.00 £ 445.50 £ 3,828.95 £ 82.50 £ 211.00 £ 333.00 £ 0.34 £ 20.50 £ 7.00 £ 7.00 £ 200.00 £ 7.00 £ 7.00 £ 1,071.00 £ 223.07 £ 7,690.11 £ 199.50 £ 0.37	£ 132.00 £ 255.50 £ 148.00 £ 259.00 £ 555.00 £ 277.50 £ 34.00 £ 122.50 £ 32.00 £ 224.00 £ 224.00 £ 49.50 £ 16.50 £ 523.50 £ 445.50 £ 191.50 £ 486.00 £ 445.50 £ 82.50 £ 211.00 £ 333.00 £ 20.50 £ 7.00 £ 7.00 £ 200.00 £ 7.00 £ 7.00 £ 199.50	£ 5,795.77 £ 200.77 £ 5,765.34 £ 6,990.28 £ 542.48 £ 6,990.27 £ 3,828.95 £ 1,071.00 £ 223.07 £ 7,690.11		£ 979.18	£ 0.42 £ 0.38 £ 0.40 £ 0.37 £ 0.35 £ 0.39 £ 0.34 £ 0.37

£ 233.50 £ 24.00 £ 48.00 £ 486.00 £ 171.00 £ 333.00 £ 255.50 £ 5,922.95 £ 171.00 £ 0.41 £ 444.00 £ 8,365.57 £ 132.00 £ 16.50 £ 24.00 £ 99.00 £ 40.00 £ 0.37 £ 132.00 £ 119.46 £ 99.00 £ 171.00 £ 20.50 £ 385.00 £ 444.00 £ 5,552.83 £ 493.45 £ 130.00 £ 15.00 £ 0.40 £ 171.00 £ 5,552.82 £ 0.40 £ 32.00 £ 12.00 £ 253.00 £ 102.50	£ 233.50 £ 24.00 £ 48.00 £ 486.00 £ 171.00 £ 333.00 £ 255.50 £ 171.00 £ 444.00 £ 132.00 £ 16.50 £ 24.00 £ 99.00 £ 40.00 £ 132.00 £ 99.00 £ 171.00 £ 20.50 £ 385.00 £ 444.00 £ 130.00 £ 171.00 £ 32.00 £ 12.00 £ 253.00 £ 102.50	£ 5,922.95 £ 8,365.57 £ 119.46 £ 5,552.83 £ 5,552.82	£ 493.45	£ 15.00	£ 0.41 £ 0.37 £ 0.40 £ 0.40

£ 76,029.40 £ 9,925.50 £ 64,611.67 £ 493.45 £ 994.18 £ 4.60

£ 76,029.40

Month	Day	Ref	Payee
June June June June June June June June June July July July July July July July July July July August August August August August August August August September September September September September September September September September September October October October October October October October October	3 18 20 26 27 27 27 27 27 1 2 22 25 25 25 25 25 25 30 1 19 28 29 29 29 29 30 2 16 16 25 26 26 26 26 27 30 1 3 3 3 21 25 28 28		Rent ICO HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Alba Rent Nest HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Alba Nest Rent HMRC Vodafone Melanie Saunders Wages Lorraine Walster Wages Kerry Shaw Wages Natalie Jones Wages Nest Rent HMRC Alba Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Alba Natalie Jones Wages Nest Rent Herts County Supplies Herts County Supplies Herts County Supplies HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages

October October October November November November November November November November November December December December December December December December December December December December January January January January January January January January January February February February February February February February February February March March March March March March March March	28 28 28 1 5 20 27 29 29 29 29 2 2 9 20		Melanie Saunders Wages Natalie Jones Wages Alba Rent Nest HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Rent Nest Alba Nest
	23 23		Melanie Saunders Expenses Kerry Shaw Expenses
	27 27 27 27 27 2 20 20 27 30 30 30 30 31 3 17 26 28 28 28 28 28 28 3		Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Vodafone Rent Alba HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Nest Rent Alba Vodafone kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Alba HMRC Rent
	3		TV Licence
	3 19 20 26 27 27		Nest Herts County Supplies HMRC Vodafone Natalie Jones Wages Melanie Saunders Wages

March March March March April April April April April April April April April May May May May May May May	27 27 27 28 1 22 25 25 25 25 25 28 28 28 30 30 30 30 30 30		Lorraine Walster Wages Kerry Shaw Wages Alba Nest Rent HMRC Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Ofsted Nest Vodafone Kerry Shaw Wages Lorraine Walster Wages Melanie Saunders Wages Natalie Jones Wages Alba HMRC

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TOTALS
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TOTAL COLUMNS F to R

Total	Wages & NI	Premises	Utilities	Insurance	Training
£ 735.00 £ 35.00 £ 856.79 £ 39.08 £ 1,240.02 £ 1,201.06 £ 1,764.75 £ 813.26 £ 60.00 £ 735.00 £ 247.43 £ 809.86 £ 39.08 £ 1,275.01 £ 1,201.06 £ 1,722.77 £ 803.86 £ 60.00 £ 246.72 £ 735.00 £ 815.27 £ 39.08 £ 1,680.79 £ 1,201.06 £ 1,204.64 £ 803.86 £ 235.14 £ 735.00 £ 746.01 £ 60.00 £ 39.08 £ 1,204.64 £ 1,201.06 £ 1,638.61 £ 60.00 £ 803.86 £ 230.82 £ 735.00 £ 55.16 £ 66.35 £ 41.76 £ 720.34 £ 39.08 £ 1,204.64 £ 1,201.06	£ 856.79 £ 1,240.02 £ 1,201.06 £ 1,764.75 £ 813.26 £ 60.00 £ 247.43 £ 809.86 £ 1,275.01 £ 1,201.06 £ 1,722.77 £ 803.86 £ 60.00 £ 246.72 £ 815.27 £ 1,680.79 £ 1,201.06 £ 1,204.64 £ 803.86 £ 235.14 £ 746.01 £ 60.00 £ 1,204.64 £ 1,201.06 £ 1,638.61 £ 60.00 £ 803.86 £ 230.82 £ 720.34 £ 1,204.64 £ 1,201.06	£ 735.00 £ 735.00 £ 735.00 £ 735.00 £ 735.00		£ 35.00

£ 1,596.82 £ 725.57 £ 60.00 £ 735.00 £ 220.78 £ 686.31 £ 39.08 £ 1,204.64 £ 1,201.26 £ 1,554.63 £ 898.93 £ 735.00 £ 229.10 £ 50.40 £ 232.18 £ 875.36 £ 35.11 £ 1,217.74 £ 1,201.06 £ 1,638.81 £ 803.86 £ 39.08 £ 780.00 £ 60.00 £ 402.12 £ 39.08 £ 1,164.50 £ 1,201.06 £ 1,670.19 £ 854.19 £ 233.67 £ 780.00 £ 60.00 £ 39.08 £ 1,165.15 £ 1,201.06 £ 1,617.61 £ 854.19 £ 60.00 £ 393.41 £ 780.00 £ 169.50 £ 228.26 £ 75.40 £ 371.63 £ 39.08 £ 854.19 £ 1,638.81	£ 1,596.82 £ 725.57 £ 60.00 £ 220.78 £ 686.31 £ 1,204.64 £ 1,201.26 £ 1,554.63 £ 898.93 £ 229.10 £ 50.40 £ 232.18 £ 1,217.74 £ 1,201.06 £ 1,638.81 £ 803.86 £ 60.00 £ 402.12 £ 1,164.50 £ 1,201.06 £ 1,670.19 £ 854.19 £ 233.67 £ 60.00 £ 1,165.15 £ 1,201.06 £ 1,617.61 £ 854.19 £ 60.00 £ 393.41 £ 228.26 £ 371.63 £ 854.19 £ 1,638.81	£ 735.00 £ 735.00 £ 780.00 £ 780.00 £ 780.00	£ 169.50	£ 736.40

£ 1,201.06 £ 1,204.64 £ 60.00 £ 234.49 £ 780.00 £ 396.56 £ 41.42 £ 1,259.26 £ 1,262.44 £ 1,706.19 £ 965.29 £ 50.00 £ 261.45 £ 41.62 £ 1,259.26 £ 1,262.24 £ 1,639.84 £ 977.25 £ 120.00 £ 1,093.66	£ 1,201.06 £ 1,204.64 £ 60.00 £ 234.49 £ 396.56 £ 1,259.26 £ 1,262.44 £ 1,706.19 £ 965.29 £ 261.45 £ 1,259.26 £ 1,262.24 £ 1,639.84 £ 977.25 £ 120.00 £ 1,093.66	£ 780.00		£ 50.00

£ 79,912.63 £ 69,770.15 £ 8,265.00 £ 169.50 £ 821.40 £ -

£ 80,342.73

HMRC Activity Supplies ALBA NEST

Print & Stationery	Main- tenance	Materials	Toys	Food	Milk	Phone & Internet
		£ 55.16 £ 66.35 £ 41.76				£ 39.08 £ 39.08 £ 39.08 £ 39.08 £ 39.08

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£ 39.08
£ 94.54 £ 244.12 £ 230.40
£ 35.11
£ 39.08
£ 39.08
£ 39.08
£ 75.40
£ 39.08
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£ 41.42 £ 41.62

£ - £ - £ 368.32 £ - £ 244.12 £ - £ 704.24

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Other
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£ -

Our Ref: WMR/MD/GOO3

Laura Bracey Treasurer The Good Shepherd Preschool (1020606) Weaverthorpe Scout Hut 78a Weaverthorpe Road Woodthorpe NG5 4PT 26 March 2026

E: admin@alba.uk.com W: www.alba.uk.com

T: 01509 853779

Dear Laura

Re: The Good Shepherd Pre-School Accounts 2024/25

I have reviewed the accounts summary, documentation and receipts for the Financial Year Ending 2023/24.

Following your discussions and explanations, I am happy to confirm these accounts are in order.

Yours Sincerely,

W M ROSS FAIA

Suite 1, 73d Main Street, East Leake, Loughborough, LE12 6PF Alba Financial Accountants Limited Registered in England & Wales No: 6586224