## **North Holmwood Preschool – Accounts 2024-2025**
## **Report of Treasurer**
- **A.** The key figures for the year ending 31[st] March 2025 are as follows:
- Income of £155,414 which is an increase of £33,708
-
- Expenditure of £129,700 an increase of £28,164
- This has resulted in a very healthy profit of £25,713 which is an increase of £5,491 from the previous year
- Bank balance at the year end was £91,746.91 with £49,414.71 held in Reserve Account which is our contingency fund
- Equipment spending was £1,058 this is a decrease of £244 but this could be due to some spending is made through expenses
- 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
- 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||
||£
43,762
_£_
_25,713_
_£_
_10,000_
_£ -_
£
65,567.72||
|||£
25,713|
||||
|||£
59,475|
||||
|||£
65,567.72|