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 ￿rcha￿S.
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 b￿n 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 reSoUr￿s.
Our accruals are made up of £75 for Accountancy fees. £279.19 for staff and children's unrform,
£95.71 for craft and equipment reSoUr￿s, 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
re￿Ned in adv
Prepared by Truly Bruce
Date:
31" August 2024
s.4.1/

GREAT TEY pRE￿CHOOL
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 k￿p 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
SubslMembershiplLi￿nces
Printing/Stationery
Professional Fee5
Computer EquipmenV*)ftware
Maintenance/Repairsffesting/H&S
Bank ChargeslInterest
Snack/Petty Cash
Craft materials purchased
mi￿rIaneouS 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