North Holmwood Preschool – Accounts 2022-2023
Report of Treasurer
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A. The key figures for the year ending 31[st] March 2023 are as follows:
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Income of £100,182 which is a increase of £13k
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Expenditure of £96,503 is an increase of £12,336
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Resulted in a slight profit being made of £3,678 an increase of £551 from the previous year
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Bank balance at the year end was £45k with £28k held in Reserve Account which is our contingency fund
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Equipment spending was £824 which is a decrease of £118
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Income from fundraising was £951 which shows as a decrease but that would be down to when the banking was made as there was a delay because of Lloyds Bank closing in Dorking and having to go to Redhill
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Salaries expenditure was £71.978 which is an increase of £11,887 but this is due to the fact that we have employed 6 members of staff 5 days a week and that the minimum wage was increased by 6.6%
B. The accounts have been finalised without any major issues.
Forward Looking – 2022-2023
- Continue to monitor numbers and keep an eye on expenditure
Income and Expenditure Account
| Income Fees Fundraising Other Equipment Grant (SCC) 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 2022 (1) Balance B/F Surplus for Period Payments into Reserve Account Payments from Reserve Account Balance C/F (2) Net Assets :Cash at Bank |
£ £ 84,736 £ 1,208 £ - £ £ 1,350 |
£ £ 87,294 £ 84,167 |
|---|---|---|
| £ 60,091 £ 7,641 £ 5,698 £ 706 £ 2,288 £ - £ 555 £ 7,189 |
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| £ 35,565 £ 3,127 £ 5,000 £ - £ 40,031.16 |
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| £ 3,127 |
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| £ 33,692 |
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40,031.16