Hazlemere Come and Play Pre-School Financial Statements Year Ended 31st July 2024
The Come and Play PreSchool Statement of Assets and Liabilities as at 31st July 2024
Assets:
Cash at Bank and In Hand 31[st] July 2024 31[st] July ~~a Po [|~~ 2023 [ Lloyds Current Account (02010740) 11,874.00 29,936.66 Lloyds BB INST A/C (54324360) 10,046.70 29,257.80 Lloyds BB INST A/C {62386050) 0.00 7,534.73 Lloyds 95 Day Notice Account 40,616.09 Total Assets 62,536.79 66,729.19 ~~[Ld Ld~~
We hereby approve the above accounts and confirm we have made available all books, records and information for the preparation thereof.
Chairperson:
Treasurer:
I have prepared the above information from the books, records and information supplied to me and certify that it gives a true and fair reflection of the state of the Group's financial affairs for the year ending 31st July 2024.
Signed:
Mrs S E Reeves (Independent Auditor)
Date:
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- Come and Play Pre School Financial Accounts 1st August 2023 31st July 2024
RECEIPTS
| 31st July % of total | 31st July % of total | 31st July % of total | 31st July % of total | Increase/ | Increase/ | Increase/ | ||
|---|---|---|---|---|---|---|---|---|
| 2024 | Receipts | 2023 | Receipts | (Decrease) | (Decrease) | |||
| £ | % | £ | % | £ | % | |||
| FEES ("Turnover") | ||||||||
| Fees | 10,455 | 18.2% | 13,812 | 20.1% | (3,357) | (24%) | ||
| BCC Fees | 44,782 | 78.0% | 53,809 | 78.3% | (9,027) | (17%) | ||
| Total Fees | 55,237 | 96.3% | 67,621 | 98.3% | (12,384) | (18%) | ||
| Other Receipts | ||||||||
| Milk Refunds | 0 | 0.0% | 135 | 0.2% | (135) | (100%) | ||
| Autumn Bags | 39 | 0.1% | 0 | 0.0% | 39 | 100% | ||
| Xmas Fayre/Nativity/Photos/Cards | 455 | 0.8% | 326 | 0.6% | 129 | 40% | ||
| Book Fayre | 0 | 0.0% | 0 | 0.0% | 0 | #DIV/0! | ||
| Easy Fundraising | 33 | 0.1% | 182 | 0.3% | (149) | (447%) | ||
| Uniforms | 36 | 0.1% | 376 | 0.7% | (340) | (90%) | ||
| Donations/Small Commissions | 0 | 0.0% | 50 | 0.1% | (50) | (100%) | ||
| Easter Fayre/ Bonnets | 281 | 0.5% | 69 | 0.1% | 212 | 75% | ||
| Refunds | 0 | 0.0% | 0 | 0.0% | 0 | #DIV/0! | ||
| Interest Received | 957 | 1.7% | 5 | 0.0% | 952 | 19047% | ||
| Misc | 348 | 0.6% | 0 | 0.0% | 348 | #DIV/0! | ||
| Total Other Receipts | 2,150 | 3.7% | 1,143 | 1.7% | 1,007 | 88% | ||
| TOTAL RECEIPTS | 57,387 | 100.0% | 68,764 | 100.0% | (11,377) | (17%) | ||
| PAYMENTS | ||||||||
| 31st July % of total | 31st July % of total | 31st July % of total | 31st July % of total | Increase/ | Increase/ | |||
| 2024 | Receipts | 2023 | Receipts | (Decrease) | (Decrease) | |||
| £ | % | £ | % | £ | % | |||
| Staff &"Fixed" Costs | ||||||||
| Salaries GROSS Basic (Exc NIC) | Salaries GROSS Basic (Exc NIC) | 35,109 | 61.2% | 44,589 | 61.2% | (9,480) | (21%) | |
| Bonus Gross (Exc.NIC) | 0.0% | 0.0% | 0 | #DIV/0! | ||||
| HMRC | 2,647 | 4.6% | 4.6% | 2,647 | #DIV/0! | |||
| ERS NIC | 0.0% | 2,236 | 3.3% | (2,236) | (100%) | |||
| ERS Annual Allowance | 0.0% | 0 | 0.0% | 0 | #DIV/0! | |||
| Pension Contributions | 1,070 | 1.9% | 1,483 | 0.0% | (413) | (39%) | ||
| Bank staff wages | 5,289 | 9.2% | (900) | -1.3% | 6,189 | 117% | ||
| 44,114 | 76.9% | 47,408 | 68.9% | (9,069) | (7%) | |||
| Rent | 11,812 | 20.6% | 11,570 | 16.8% | 242 | 2% | ||
| Insurance/PPA | 750 | 1.3% | 802 | 1.2% | (52) | (7%) | ||
| Training | 294 | 0.5% | 228 | 0.3% | 66 | 29% | ||
| 12,855 | 22.4% | 12,600 | 18.3% | 255 | 2% | |||
| Total Staff & Fixed Costs | 56,969 | 99.3% | 60,008 | 87.3% | (8,814) | (5%) | ||
| Other Payments | ||||||||
| Equipment/repairs | 0 | 0.0% | 1,349 | 2.4% | (1,349) | (100%) | ||
| fundraising cost | 0 | 0.0% | 0 | 0.0% | 0 | #DIV/0! | ||
| Xmas party/Fayre/Nativity/Xmas Cards | 0 | 0.0% | 201 | 0.4% | (201) | (100%) | ||
| IT Equipment/Website | 974 | 1.7% | 697 | 1.2% | 277 | 40% | ||
| Subscriptions | 596 | 1.0% | 459 | 0.8% | 137 | 30% | ||
| DBS/Ofsted | 222 | 0.4% | 132 | 0.2% | 90 | 69% | ||
| Book bags/Uniform | 55 | 0.1% | 337 | 0.6% | (282) | (84%) | ||
| Mobile phone | 76 | 0.1% | 70 | 0.1% | 6 | 9% | ||
| books | 4 | 0.0% | 0 | 0.0% | 4 | #DIV/0! | ||
| Snack Food | 237 | 0.4% | 366 | 0.6% | (129) | (35%) | ||
| Activities consumable | 321 | 0.6% | 321 | #DIV/0! | ||||
| Pat Testing | 53 | 0.1% | 54 | 0.1% | (1) | (2%) | ||
| Photo development | 99 | 0.2% | 0 | 0.0% | 99 | #DIV/0! | ||
| Barry's accounting fees | 504 | 0.9% | 558 | 1.0% | (54) | (10%) | ||
| Stationery | 46 | 0.1% | 0 | 0.0% | 46 | #DIV/0! | ||
| Toys/Equipment | 913 | 1.6% | 0 | 0.0% | 913 | #DIV/0! | ||
| Cleaning products | 97 | 0.2% | 0 | 0.0% | 97 | #DIV/0! | ||
| fee refund | 0 | 0.0% | 0 | 0.0% | 0 | #DIV/0! | ||
| Sundries | 412 | 0.7% | 68 | 0.1% | 344 | 505% | ||
| Total Other Payments | Total Other Payments | 4,610 | 8.0% | 4,291 | 6.2% | 319 | 7% | |
| TOTAL PAYMENTS | 61,579 | 107.3% | 64,299 | 93.5% | (8,496) | (4%) | ||
| PROFIT / (LOSS) FOR YEAR | (4,192) | (7.3%) | 4,465 | 6.5% | (8,657) | (194%) |
The Come and Play PreSchool 31st July 2024 Notes to Accounts
Notes to the accounts:
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Consideration to be given to a separate column for trip expenditure as £252 is in ‘Other’ category
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I've added in the interest on the Reserve and 95 Day notice accounts
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The different in the receipts and payments on the Bank account page now matches the increase in the overall bank balance and also matches the profit shown on the R&P Accounts
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This doesn’t affect the accounts but the amount raised by fundraising and then spent on items must be recorded for the sake of the donors.
Conclusion and observations:
This is a good set of accounts. The loss is to be expected as costs increase and the low numbers of children result in a lower income. Good changed have been made to make the most out of the savings in a Notice bank account. Due to new staff, there is now a reduced need for reserves for redundancies so this can be dipped into to keep the preschool going.
Suzanne Reeves
Independent Auditor