North Holmwood Preschool – Accounts 2023-2024
Report of Treasurer
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A. The key figures for the year ending 31[st] March 2024 are as follows:
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Income of £120,087 which is a increase of £20,856
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Expenditure of £101,484 an increase of £4,981
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This has resulted in a very healthy profit of £20,222 which is an increase of £15,374 from the previous year
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Bank balance at the year end was £26,618.79 with £38,948.93 held in Reserve Account which is our contingency fund
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Equipment spending was £1,383 which is a decrease of £559
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Income from fundraising was £1,619 which is an increase of £668 but this is due to when the banking is made as some of last years fundraising has been paid into this years accounts
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Salaries expenditure was £77,210 which is an increase of £5,232 but this is due to the fact that the minimum wage was increased by 9.2%
B. The accounts have been finalised without any major issues.
Forward Looking – 2024-2025
- Continue to monitor numbers and keep an eye on expenditure
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 2024 (1) Balance B/F Surplus for Period Payments into Reserve Account Payments from Reserve Account Balance C/F (2) Net Assets :Cash at Bank |
£ 120,087 £ 1,619 £ - £ |
£ 121,706 £ 101,484 |
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| £ 77,210 £ 5,824 £ 5,461 £ 1,383 £ 2,861 £ - £ 739 £ 8,007 |
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| £ 33,695 £ 20,222 £ 10,000 £ - £ 65,567.72 |
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| £ 20,222 |
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| £ 43,917 |
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| £ 65,567.72 |