North Holmwood Preschool – Accounts 2020-2021
Report of Treasurer
Despite the Pandemic this financial year we have managed to make a profit of £21,398
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A. The key figures for the year ending 31[st] March 2021 are as follows:
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Income of £98k which is £32k higher than the previous year this is due to higher numbers than last year and this figure also includes a £6k donation from Butterhill Playgroup
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Expenditure of £77k is an increase of £1k.
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Bank balance at the year end was £19k with £18k held in Reserve Account which is our contingency fund
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Equipment spending was £1,541which is a very slight decrease on the previous year
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Income from fundraising was £759 which is a very slight decrease on the previous year but this was obviously expected
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Salaries expenditure was £52k which is a decrease of £7k from last year this is due to the Pre-School being closed for 6 months
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The ‘other’ expenditure has increased to £11k from £5k on the previous year this is because we had to repay some fees back to Surrey County Council as they estimated our numbers incorrectly
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B. The accounts have been finalised without any major issues.
Forward Looking – 2021-2022
- Continue to monitor numbers and keep an eye on expenditure especially overtime and ink costs
£
£
Income
| Fees Fundraising Other Equipment Grant (SCC) Previous Debtors Training Bursary (SCC) Sub- Total Expenditure Salaries Tax/NI Hall Rental Equipment Expenses Confirm Insurance Other Sub- Total Net Surplus Balance Sheet As At 31st March 2021 (1) Balance B/F Surplus for Period Payments into Reserve Account Payments from Reserve Account Balance C/F (2) Net Assets :Cash at Bank |
£ 92,360 £ 759 £ 5,000 £ £ - £ - |
£ 98,119 £ 77,436 |
|---|---|---|
| £ 52,574 £ 5,517 £ 4,026 £ 1,541 £ 1,822 £ - £ 554 £ 11,402 |
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| £ 15,882 £ 20,683 £ 6,000 £ 5,000 £ 37,152.39 |
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| £ 20,683 |
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| £ 35,565 |
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37,152.39