## **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**
**If you need more rows, insert them ABOVE this line**
**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|
|---|---|---|---|
**----- Start of picture text -----**
TOTALS
**----- End of picture text -----**
**If you need more rows, insert them ABOVE this li**
**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 £ -
**ne**
## **£ 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|
**----- Start of picture text -----**
£ 39.08
£ 94.54 £ 244.12 £ 230.40
£ 35.11
£ 39.08
£ 39.08
£ 39.08
£ 75.40
£ 39.08
**----- End of picture text -----**
£ 41.42 £ 41.62
£ - £ - £ 368.32 £ - £ 244.12 £ - £ 704.24
**----- Start of picture text -----**
Other
**----- End of picture text -----**
£ -
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