## **Carleton Rode Preschool** ## **AGM 7th November 2023** ## **Treasurers Report** Thank you for the ongoing support I have received as Treasurer from the committee and I feel more confident in the role. Financial transactions being made prominently digitally has made them easier to track and keep a clear picture of spending. Linking the bank account and QuickBooks has made this even easier. Staffing continues to be our greatest expense. Again wages increased in April in line with minimum wage increases. Staff and committee have worked hard with fundraising and the Bingo nights in particular have been a great success, thank you. ## **Total income 2022-2023 -** £71,715.33 The income is made up of:- - Charitable Activity (Amazon) £13.41 - Services (fees and fundraising) £27,912.23 - Funding from NCC £43,789.69 ## **Total expenditure 2022-2023 -** £67,171.74 The above expenditure is made of:- - Advertising/Promotional £117.28 - Diesel £275.12  Dues and Subscriptions £785.83  Equipment £446.50  EYPP £89.98  Food £929.36  Insurances £722.25  Motor Running Expenses £885.88  Office/General Administrative Expenses £3.38 - Other Professional Services £120.00  Payroll Expenses Taxes £1,744.32  Wages £54,380.56  Printing, Postage and Stationery £14.98  Rent £6,480.00  Training £120.00  Trip out £56.30 We had ended this financial year with a positive income of £4,628.69 Our biggest expense continues to be staff wages and it is important that we continue to carefully manage staff hours in relation to the number of children attending our services and the amount we receive in funding and fees. We have benefitted from an increase in the number of children using our services due to the closure of Old Buckenham Nursery. As the cost of living continues to increase I suggest we review our hourly preschool rate and look to increase this by 5% in line with current interest rates. In real terms this would be increase the rate from £4.50 to £4.75 per hour. Once again thank you to all who have supported me this year and I hope that the year ahead is a successful one. Torz Humphrey 06.11.2023 ## Management Report Carleton Rode Preschool For the period ended August 31, 2023 Prepared on 7 November 2023 For management use only ## **Table of Contents** Financial Activities...........................................................................................................................................3 Balance Sheet .................................................................................................................................................4 2/5 ## **Financial Activities** September 2022 - August 2023 |**Financial Activities**
September 2022 - August 2023|| |---|---| ||**Total**| |INCOME|| |Charitable activites|13.41| |Services|27,912.23| |Uncategorised Income|43,789.69| |**Total Income**|**71,715.33**| |TOTAL|**71,715.33**| |EXPENDITURES|| |Advertising/Promotional|117.28| |Diesel|275.12| |Dues and Subscriptions|785.83| |Equipment|446.50| |EYPP|89.98| |Food|929.36| |Insurances|722.25| |Motor Running Expenses|885.88| |Office/General Administrative Expenses|3.38| |Other Professional Services|120.00| |Payroll Expenses|| |Taxes|1,744.32| |Wages|54,380.56| |**Total Payroll Expenses**|**56,124.88**| |Printing, Postage and Stationery|14.98| |Rent|6,480.00| |Training|120.00| |Tripout|56.30| |**Total Expenditures**|**67,171.74**| |NET OPERATING INCOME|**4,543.59**| |OTHER INCOME|| |Interest earned|85.10| |**Total Other Income**|**85.10**| |NET OTHER INCOME|**85.10**| |NET INCOME/(EXPENDITURE)|**£4,628.69**| 3/5 Carleton Rode Preschool ## **Balance Sheet** As of August 31, 2023 |**Balance Sheet**
As of August 31, 2023|| |---|---| ||**Total**| |FIXED ASSET|| |**Tangible assets**|| |Fixtures and Fittings Cost|189.00| |Motor Vehicles Cost|15,703.70| |Office Equipment Cost|524.40| |**Total Tangible assets**|**16,417.10**| |**Total Fixed Asset**|**16,417.10**| |CASH AT BANK AND IN HAND|| |Barclays|-93.48| |Cash 2021|41.44| |Cash on hand|20.56| |DO NOT USE|6,913.44| |HSBC new account|67,840.84| |Petty Cash 2018|-405.47| |Savings/redundancy|17,092.92| |**Total Cash at bank and in hand**|**91,410.25**| |DEBTORS|| |Debtors|1,351.20| |**Total Debtors**|**1,351.20**| |CURRENT ASSETS|| |Undeposited Funds|13,331.18| |**Total Current Assets**|**13,331.18**| |NET CURRENT ASSETS|**106,092.63**| |CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|| |**Trade Creditors**|| |Creditors|7,778.37| |**Total Trade Creditors**|**7,778.37**| |**Credit Cards**|| |Default Card|344.52| |**Total Credit Cards**|**344.52**| |**Current Liabilities**|| |Other Payroll Deductions|145.56| |Payroll Clearing|85,941.89| |Payroll Liabilities|-1,478.46| |HMRC|3,152.13| |**Total Payroll Liabilities**|**1,673.67**| |Tax and National Insurance|3,435.19| |**Total Current Liabilities**|**91,196.31**| |**Total Creditors: amounts falling due within oneyear**|**99,319.20**| |NET CURRENT ASSETS(LIABILITIES)|**6,773.43**| |TOTAL ASSETS LESS CURRENT LIABILITIES|**23,190.53**| |TOTAL NET ASSETS (LIABILITIES)|**£23,190.53**| 4/5 Carleton Rode Preschool ||**Total**| |---|---| |CHARITY FUNDS|| |Opening Balance Equity|23,883.33| |Retained Earnings|-4,108.22| |Surplus/(Deficit)|3,415.42| |**Total Charity funds**|**£23,190.53**| 5/5 Carleton Rode Preschool Profit and Loss r.loiTbp.r Total INCOME charitab￿ actlvhes Services Uncalegorised Income Tc*al Income TOTAL 13.41 27.912.23 43.789.69 71.71523 71,715a3 EXPENDITURES AdVert￿ing/ProMotIOnal es 117.28 275.12 785.83 446.50 89.98 929.36 722.25 885.88 3.38 120.00 Dues and Subs(xlptlons Equlpmenl EYPP Insurance8 Motor Runnlrfj Exp8naes OfficWGon8ral hfjmlnistrafve Expenses Other Prolessional S8rvicoS Payroll Expenses Taxes Waoes Totd Payrdl Exp•n8•B PrlntlThJ, Postage and Siatlonèry Renl Trainlno Tr4p out Totsl Eyrnltyr•6 NET OPEFIATING INCOME 1.744.32 54.380.56 56.124.88 14.98 6.480.00 120.00 56.30 87.171.74 OTHER INCOME Interest earned Total (Xher Incomo NET OIHkF INCOME NET INCOMEIIEXPENDITUAEI 85.10 85.10 85.10 £4.628.69 +0 silotlLtsI3 JpLC>- Carfelon Rode Pres¢hool 315