## **North Holmwood Preschool – Accounts 2023-2024** 

## **Report of Treasurer** 

- **A.** The key figures for the year ending 31[st] March 2024 are as follows: 

   - Income of £120,087 which is a increase of £20,856 

   - 

   - 

   - Expenditure of £101,484 an increase of £4,981 

   - This has resulted in a very healthy profit of £20,222 which is an increase of £15,374 from the previous year 

- Bank balance at the year end was £26,618.79 with £38,948.93 held in Reserve Account which is our contingency fund 

- 

   - Equipment spending was £1,383 which is a decrease of £559 

- 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 

- 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<br>Fundraising<br>Other<br>Equipment Grant (SCC)<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>**2024**<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>120,087<br>£<br>1,619<br>£                           -<br>£|<br>£<br>121,706<br>£<br>101,484|
|---|---|---|
||£<br>77,210<br>£<br>5,824<br>£<br>5,461<br>£<br>1,383<br>£<br>2,861<br>£<br>-<br>£<br>739<br>£<br>8,007||
||£<br>33,695<br>_£_<br>_20,222_<br>_£_<br>_10,000_<br>_£                          -_<br>£<br>65,567.72||
|||£<br>20,222|
||||
|||£<br>43,917|
||||
|||£<br>65,567.72|