MILL LANE PRE-SCHOOL ASSOCIATION IPre-5chool, Toddler Group & Baby Clubl BROXBOURNE, HERTFORDSHIRE RÈgistered ChArity No. 1023359 MEMBERS ANNUAL REPORT This Charity is known as the Mill Lane Pre-school As50Clation. Registered Charity Number 1023359. For the fin3ncial year beginning I. January 2020 and ending 31" Detetnber 2020 the principal addre55 of the Association is 9 Long Grove Close, Broxbourne. Herts. EN 7NP. The mana8in8 trustee5 for the year are as follows:. Mr5 S Mentgomery, Mr 5 Barnfather. M5 S Morgan, Mr5 C Laurella and Mr5 D lohnsoTr. Members ol the managing tru5tee5 must be nomlnated by two rnembers of the Associatn seven days prior to the AGM. The A550ClaIn is govemed by its Constitution, last amended and adopted at 3 Special General Meetingon Isih May 2019. The Associatlon 31mS to provide safe and 53tisfyin8 Eroup ploy for the promotion of education of pre-school children. 2020 was a difficult year which saw 2 8lobal pandemi£ close our setting for 3 rnonths and upon rp-opening change our working practices. The health, safety and well-being of our parent5. children and staff became an absolute priority with policies and procedure5 adapted accordingly. The trustees have appri)ved the above report. &gned., Full Name.. Sue Montgomery Position.. Chair Date.. Mèrch 2021
MILL LANE PRE SCHOOL
Bank Balances (as per start of year - 1 Jan 2020) Bank Balance (Current): £ 1,220.53 Bank Balance Savings: 6152.14 Starting balance adjusted income: Starting balance adjusted costs: Total: £ 1,220.53
Estimated Present Cash £ 2,734.63
| Costs | Income | Income | |||
|---|---|---|---|---|---|
| Salary: | -£ | 31,470.69 |
Attendance Fees: | £ | 18,168.50 |
| Staff Adhoc Expenses: | -£ | 1,722.72 |
County Subsidies: | £ | 21,579.34 |
| Inland Revenue: | -£ | 144.02 |
Fund Raising Events: | £ | 1,809.50 |
| Rent: | -£ | 5,003.51 |
Other: | £ | 2,839.22 |
| Professional Services: | -£ | 1,081.08 |
Total for Cash Balance: | £ | 44,396.56 |
| Equipment: | £ | - |
Manual Income Adjustment: | £ | 4.83 |
| Consumables: | -£ | 472.74 |
Total for 2020 Accounts: | £ | 44,401.39 |
| Staff Training: | -£ | 400.00 |
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| Other: | -£ | 587.70 |
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| Total For Cash Balance Manual Cost Adjustment: |
-£ £ |
40,882.46 1,283.84 |
2020 Profit \ Loss | £4,802.77 | |
| Total For 2020 Accounts | -£ | 39,598.62 |
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| Current Account To Savings Account Transfer | £ | 2,000.00 |
Commentary
£1,065.55 - Manual Cost Adjustment: Cost adjustment for rent paid in 2020 that related to 2019 rent and was accounted for in 2019.
£227.69 - Manual Cost Adjustment: For overcharge by BT for services - credit received in 2021.
£39.20 - Manual Cost Adjustment: Missed HMRC payments in 2020 - paid in 2021.
£29.80 - Manual Cost Adjustment: Credit from County Supplies received in 2021 for unfullfilled orders in 2020.
£2,000.00 - Funds transferred from Current Account moved to Savings Account.
£4.83 - Manual Income Adjustment: Interest from Savings Account.
25/03/2021
Final Accounts 2020 for distribution
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