North Holmwood Preschool – Accounts 2024-2025
Report of Treasurer
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A. The key figures for the year ending 31[st] March 2025 are as follows:
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Income of £155,414 which is an increase of £33,708
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Expenditure of £129,700 an increase of £28,164
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This has resulted in a very healthy profit of £25,713 which is an increase of £5,491 from the previous year
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Bank balance at the year end was £91,746.91 with £49,414.71 held in Reserve Account which is our contingency fund
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Equipment spending was £1,058 this is a decrease of £244 but this could be due to some spending is made through expenses
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Income from fundraising was £602 which is a decrease of £607 but this is due to when the banking is made as some of this year’s fundraising has been paid into the bank account after the year end of 31[st] March
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Salaries expenditure was £91,810 which is an increase of £14,600 but this is due to the fact that the minimum wage was increased and the Pre-School has taken on 2 new members of staff and this also has an effect on the amount of Tax and National Insurance that was paid
B. The accounts have been finalised without any major issues.
Forward Looking – 2025-2026
- Although the back accounts are healthy still need to monitor income and 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 2025 (1) Balance B/F Surplus for Period Payments into Reserve Account Payments from Reserve Account Balance C/F (2) Net Assets :Cash at Bank |
£ £ 154,812 £ 602 £ - £ |
£ £ 155,414 £ 129,700 |
|---|---|---|
| £ 91,810 £ 17,273 £ 7,480 £ 1,058 £ 3,717 £ - £ 790 £ 7,573 |
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| £ 43,762 £ 25,713 £ 10,000 £ - £ 65,567.72 |
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| £ 25,713 |
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| £ 59,475 |
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| £ 65,567.72 |