## **North Holmwood Preschool – Accounts 2022-2023**
## **Report of Treasurer**
- **A.** The key figures for the year ending 31[st] March 2023 are as follows:
- Income of £100,182 which is a increase of £13k
-
- Expenditure of £96,503 is an increase of £12,336
- Resulted in a slight profit being made of £3,678 an increase of £551 from the previous year
- Bank balance at the year end was £45k with £28k held in Reserve Account which is our contingency fund
-
- Equipment spending was £824 which is a decrease of £118
- 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
- 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||
||£
35,565
_£_
_3,127_
_£_
_5,000_
_£ -_
£
40,031.16||
|||£
3,127|
||||
|||£
33,692|
||||
40,031.16