## **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 

- **A.** The key figures for the year ending 31[st] March 2021 are as follows: 

   - 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 

   - Expenditure of £77k is an increase of £1k. 

   - Bank balance at the year end was £19k with £18k held in Reserve Account which is our contingency fund 

   - Equipment spending was £1,541which is a very slight decrease on the previous year 

   - Income from fundraising was £759 which is a very slight decrease on the previous year but this was obviously expected 

   - 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 

   - 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 

- 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<br>Fundraising<br>Other<br>Equipment Grant (SCC)<br>Previous Debtors<br>Training Bursary (SCC)<br>_Sub-_<br>_Total_<br>_Expenditure_<br>Salaries<br>Tax/NI<br>Hall Rental<br>Equipment<br>Expenses<br>Confirm<br>Insurance<br>Other<br>_Sub-_<br>_Total_<br>**Net**<br>**Surplus**<br>**Balance Sheet As At 31st March**<br>**2021**<br>(1)  Balance B/F<br>_Surplus for_<br>_Period_<br>_Payments into Reserve Account_<br>_Payments from Reserve_<br>_Account_<br>Balance C/F<br>(2)  Net Assets<br>:Cash at Bank|£<br>92,360<br>£<br>759<br>£<br>5,000<br>£<br>£<br>-<br>£                           -|<br>£<br>98,119<br>£<br>77,436|
|---|---|---|
||£<br>52,574<br>£<br>5,517<br>£<br>4,026<br>£<br>1,541<br>£<br>1,822<br>£<br>-<br>£<br>554<br>£<br>11,402||
||£<br>15,882<br>_£_<br>_20,683_<br>_£_<br>_6,000_<br>_£_<br>_5,000_<br>£<br>37,152.39||
|||£<br>20,683|
||||
|||£<br>35,565|
||||





37,152.39