GREAT TEY PRE-SCHOOL Treasurerfs Report Year Ending 31¥t August, 2024 As detailed in the Profrt & Loss breakdown, the yearend figures @ 31108r24 show a PROFIT of £422.86 excluding Fund Raising, arKI a PROFIT of £186.41 including Fund Raising. This results in a loss of £236.45 on Fund Raising after rchaS. INCOME Income for the year was £111,684.29 EXPENDITURE Expenditure for the year was £111.497.88 FUNDS There are unspent funds of £3,304.89 at 31108123 in the current account. This will be carried forward into specific budgets for next year: a proportion of these funds will be allocated to training course fees and training wages and this amount will help to cover any shortfall as a result of the rising cost of rental charges. The profit made this year has bn used to increase the Reserve account to ensure the correct funds are available for redundancy for staff if needed. A loss of £6859 has been forecast for the Autumn term 2024, but we do have a numbèr of new starters attending in the Spring Term and Summer Tenn, to help reduce this loss. There are unspent funds of £183.94 at 31108124 in the fund raising account. The committee should agr& what these fvnds will be spent on and purchases will be made so that the children of the parents who have helped to raise the funds benefrt from the reSoUrs. Our accruals are made up of £75 for Accountancy fees. £279.19 for staff and children's unrform, £95.71 for craft and equipment reSoUrs, and £230 for garden maintenance. Uniform and resources are ordered. and due to be delivered at the beginning of Autumn Term. Garden Maintenan is to happen when pr&school is open again in Autumn Tenn. TOTAL CURRENT ASSEfsiLIABIUTIES (refer to Balan Sheet) @ 31108124 Cash balan Current account Cash balan Reserve account Cash balan Bonus Saver account Cash balance Fund Raisin account Cash in hand for Pe Cash Cash in hand from floats Pa ments on Account Other creditorslaccruals Total 3.304.89 12,803.65 22,113.88 183.94 22.17 186.15 1,106.47 37 136.45 nt's de srts held and fundin reNed in adv Prepared by Truly Bruce Date: 31" August 2024 s.4.1/
GREAT TEY pRECHOOL Treasurer's Report Year Ending 31st Augus(2024 TREASURER'S COMMENTS As a registered charity it is not our intention to retain a large sum of money on deposit or in a current account. It has been agreed that one temis running costs would be kept available in the Bonus Saver account, and Redundancy payments would be kept in the Reserve Account to cover the following scenarios.. Liability for Redundancy pay in the event that Pr&School should have to dose and redundancy payments need to be met. Repayment of any govemment funding made in lieu of sessions, in the event that subsequent to an Ofsted insFEcts'on the Pr&School fails to achieve the necessary requirements for re-registration. A drop in numbers of children attending Pr&School, so that funds can be bolstered by the money held in reserve until such a time as the numbers increase again. As mentioned earlier, the committee should allocate the balance in the current account, at the beginning of the next academic year. Any other known requirements for the group should be considered. and funds allocated as appropriate. The controls that were put into place to ensure that staff wages would cost no more than 770/0 of income, and an allowan of 40A of staff wages allocated for training, have been maintained where possible during 2023124. The staff at the setting have worked incredibly hard to ensure that the setting was able to take more sessions for children to accommodate parents requirements. Forecasting will be prepared by the Manager and reviewed by the Committee during each te, based upon the known sessions booked at that time. The numbers of sessions attended and relative income. in line with staffing levels, will continue to be monitored very carefulty. Budgets will continue to be monitored closely for all areas of expenditu. Fund raising is an important source of income," support from the parents will be sought where possible. The staff should prepare a defined 'wish list, for the coming year so that the committee has a figure to work to. We were able to organise monthty fundraising events, which has helped to kp a steady flow of fundraising income for new equipment and treats for the children throughout the year, and time going forward. Prepared by Truly Bruce 31° August 2024
Inde endent examiner's re ort on the accounts Report to the trusteeslmembers of Great Tey Pre-school On accounts for the year ended 31st August 2024 Basis of my report I have examined all the docurnents and relevant papers given to be by the Finance Manager. Indepenndent examiner's statement In connection with my examination, no matter has come to my attention to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date 10th September 2024 Mrs Donna Breese Bree5e Accountancy 40 Tev Roatt Coggeshall Colchester Essex C06 IQR 07711903228 donna.breese .com
Date: 3110812024 Time: 16:39:58 Great T Pre-school Profit and Loss Page: From: To: Month I, September 2023 Month 12, August 2024 Chart of Accounts: wrrHoiJf FIR [PARTIAL] Year to Date Income Funded Sessions Non-Funded Sessions Snack fees Other Income Uniform 90,078.91 20,693.15 625.74 90,078.91 20.693.15 625.74 466.94 56.00 111,920.74 111,920.74 Purchases Direct Expenses Gross Profit/(Loss): Overheads 111,920.74 111,920.74 Gross Wages PremiseslRenVInsuran Garden SubslMembershiplLinces Printing/Stationery Professional Fee5 Computer EquipmenV*)ftware Maintenance/Repairsffesting/H&S Bank ChargeslInterest Snack/Petty Cash Craft materials purchased mirIaneouS expenses Cleaning materials ,067.Ck8 11,915.77 634.32 995.58 1.732.24 75.(MJ 605.25 1.897.71 43.79 608.22 212.33 2.068.33 642.26 9J,067.08 11,915.T/ 634.32 995.58 1,732.24 75.00 605.25 1,897.71 43.79 212.33 2.068.33 642.26 111.497.88 111,497.88 Net Profit/(Loss): 422.86 422.86
Date: 3110812024 rime: 11:38:49 Great Te Pre-school Balance Sheet Page: From: To: Month I, September 2023 Month 12, August 2024 Chart of Accounts: Default Layout of Accounts WtTrl FIR [PARTIAL Year to Date Fixed Assets Current Assets Debtors Deposits and Cash Other ueditors etc 10,056.94 (10,936.82) 1,066.29 (186.15) 38,429.07 , (1,106.47) 186.41 37,136.45 Long Terni Liabillties Total Assets less Total Uabilitles: 186.41 37,136.45 ital & Reserves Reserves P & L Account 36,950.04 186.41 186.41 186.41 37,136.45 ,Kio[L