Village Hall Peterborough Road Castor Peterborough PE5 7AX Telephone 01733 380190 ## Treasurer's Report for AGM 12th July 2021 The pandemic has continue to cause many issues within the education sector but early years settings were allowed to remain open during the whole of the 2020-2021 school year. I would like to congratulate Kerry and the team for keeping our setting safe, secure and open every day of this school year, this has taken a huge effort by everyone concerned and again we should be very proud of this achievement. This achievement has come at a financial cost. Whilst Peterborough City council (PCC) did help us financially in the autumn term paying us an extra £6326.00 in funding to match the amount paid in the previous, pre pandemic, Autumn term, any additional help was removed at the start of 2021. This left us to manage reduced pupil numbers and pupil hours set against greater staffing requirements to meet Covid regulations. As of today I am unable to report accurate figures for this year as there are delays in final payments from PCC and also we are continuing to invoice parents in arrears. The amount of funding we will receive this year is estimated to be £59,500 down from £64,784 for the previous year, and fees paid by parents are estimated to be £13,500 down from £18,168 the previous year. Set against these reductions final salary costs are estimated to be broadly in line with 2019-2020. We have recently increased the amount we add to the contingency fund each month to £250 and also renamed this segregated pool of money ‘Redundancy provisions’ to accurately reflect what it is. This fund currently totals £23,600 and is very close to meeting our current liabilities if ever required. The future development fund remains at £11,263. Despite the difficult environment Fundraising made £461 this year down from £683 last year but still a good amount, as always, this money is set aside to be spent on the children when required by Kerry and the team. Our disposable income at the end of the 2019-2020 term was £12,978.00, my early estimate for this term is that we will be looking at a loss of around £10,000 leaving us with a disposable balance of around £3,000.00. Following a loss of £2,400 in the previous school year it can be seen that the pandemic has been a very costly time for us and the early years industry in general. We are hopeful that things will start to return to normal next term and a pick up in pupil numbers and hours attended over the last month has been encouraging. Despite these unavoidable losses preschool does remain financially secure having been fortunate enough to have built up a financial cushion during previous years. Assuming things can return to a pre pandemic normal, we will be able to put this difficult period behind us. However if further difficulties arise from the pandemic then settings like ours can not continue to run with these levels of losses indefinitely without some help from the Department of education and Local authorities. Castor and Allsworth Preschool Income and ex enditure account 31108121 2021 2020 Income Fees and vouchers Fundraising Donations Funding Job Retention Scheme HMRC SSPICJRS Other Sub 14035.00 874.32 186.00 59808.04 18168.86 811.40 110.00 64784.89 2073.38 1510.49 4.00 76417.85 425.94 86374.45 76417.85 86374.45 endltu Salaries Refund of fees (Covid) Rent and rale8 Provi8ion8 Equipment Bank Charges Office admin and cost8 Olher I mi8C Training EYPP other premises HGGI Fundraising costs Sub 73157.57 72448.72 723.75 5564.50 1192.26 1705.48 8118.25 1319.88 1168.52 41.85 1483.65 1438.62 1440.92 1080.00 100.96 260.00 175.52 982.68 77.64 84785.54 128.07 85823.28 84785.54 85823.28 Balance for yearfs activities 4367.69 551.17 Inde ndent Examineffs re This independent examiners report ￿k￿Ing to thelr accounts is to the trustees and MOM￿￿5 of the Castor & Ailsworth Pre-school A¢￿Unts are prepared for the year ended 31" August 2021 Account schedules are set out on Pa￿ 1 & 2 Res ctive res nsibilities of trustees arKI examiner The charitys trustees are respjnsible for the P￿paration of the accounts. The chanty's trustees consider that an audit is not required for this year under sedion 144{2) of the Charities Ad 2011 {the 2011 Act) and that an independent examination is needed. It is my responsibilty to-. Examine the accounts under sectron 145 of the 2011 Act To follow the prO￿dureS laid do￿ in the general directi￿$ given by the Charity Commission (under sedion 145{5)(b) of the 2011 Act To state whether particular matter5 have c4)me to my attentK>n Basis of inde ndent examinerfs statement My examination was carried out in accordano wilh general directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the ¢harity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees conceming any such matters. The procedures undertake do not provhje all the evideno that would be required in an audit and consequently no opinion is given as to whether the accounts present a Irue and fairf view and the report is limrted to those matters set out in the statement below. Inde rKlent examinerfs statement In ¢onnec*ion wrth my examination, no matter has come to my attention. 1) which gives me reasonable cwse to believe that in, any material reskEd, the requirements.. To keep accounting records in aC￿rdance with section 130 of th8 2011Act; arKI To prepare accounts whith accord wtth aGcountirvJ records and ￿MplY wilh the accounting requi￿rnents of the 2011 A or 2] to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to b8 reached. Signed: Date: 07110r21 Simon Woolley ACIB, AATQB. 2 Nomangate, Ailsworth. PE5 7BF.