Puddleducks Pre-school Mulbarton - Annual General Meeting
Wednesday 22th November 2023
Treasurer’s Report
The Puddleducks financial year runs from 1st September to 31st August annually. This allows the management of Pre-school’s finances in the context of admissions and staffing for each academic year.
During the 12-month accounting period, the Puddleducks totals were as follows:
Receipts - £114k (up on previous year) Payments & Liabilities - £124k (up on previous year) Net Receipts - £-10k(compared to £8k in previous year)
The accounts are in the process of being independently verified by and ready for submission to the Charities Commission.
Comparison to previous year:
| 2022/23 | 2021/22 | |
|---|---|---|
| Receipts | £114k | £106k |
| Payments & Liabilities | £124k | £114k |
| Net Receipts | £-10k | £-8k |
Intake for September 2023 has been great, every day we are almost at capacity and also have a waiting list which is brilliant news for us.
I believe even though Puddleducks had a small fee increase in January we are able to remain competitive with similar settings in the area. Puddleducks are also proud to continue providing snacks and evening meals, sourced locally from the Paddock Farm Shop, at no additional cost.
The most significant element of expenditure relates to staffing of the setting which accounts for 84% of expenditure. The next biggest expenditure is rent amounting to 7% of total expenditure.
Fundraising during the year has generated £1400 which is lower than last year but we haven’t received any donations this year and due to no Christmas fair 2022 or this year it’s expected to be lower. We raised £500 from the summer raffle which was a brilliant so thank you to everyone that donated prizes, bought tickets and helped at the end of summer gathering.
At the year end, the Charity’s free reserves amounted to £49,047. It is the Trustees’ aim to maintain reserves in order to:
-
meet redundancy liabilities should the setting have to close (current liability circa £10k);
-
maintain a general contingency reserve equal to one term’s outgoings (circa £35k);
-
Invest in new toys and equipment as and when required.
After providing for the estimated cost of the above, the Charity presently has no excess reserve.
To conclude, it was a fairly positive year for all at Puddleducks despite reporting a financial loss. Revenue was up on previous years however due to ever increasing running costs and general state of the country right now the continued support from the staff, committee, parents & carers to promote this excellent setting is even more important.
Natalie Palfrey Treasurer
Puddleducks Budget Monitoring: Forecasts & Actuals 2022-2023
GENERAL ACCOUNT
Opening Balance @ 1 September 2022
| Income | Income | Sep-22 | Sep-22 | Oct-22 | Oct-22 | Nov-22 | Nov-22 | Dec-22 | Dec-22 | Jan-23 | Jan-23 | Feb-23 | Feb-23 | Mar-23 | Mar-23 | Apr-23 | Apr-23 | May-23 | May-23 | Jun-23 | Jun-23 | Jul-23 | Jul-23 | Aug-23 | Aug-23 | Aug-23 | Aug-23 | Aug-23 | Aug-23 | Aug-23 | Summary to Current Period Actual income Actual expenses Actual profit Forecasted income to EOY Forecasted expenditure to EOY Forecasted profit to EOY |
~~£124,309.75~~ ~~£129,821.15~~ ~~-£5,511.40~~ ~~£114,506.40~~ ~~£123,864.74~~ ~~-£9,358.34~~ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 10 | 11 | 12 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||
| Code | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast |
Actual | Forecast | Actual | Forecast |
Actual | Forecast |
Actual |
||||||||
| GAY1 | Fees* | 1,738.10 £ |
1,738.10 £ |
1,585.50 £ |
1,585.50 £ |
2,143.42 £ |
2,143.42 £ |
1,070.71 £ |
1,070.71 £ |
~~£1,862.15~~ |
~~£1,862.15~~ |
~~£1,796.20~~ |
~~£1,796.20~~ |
3,129.52 £ |
3,129.52 £ |
~~£2,074.70~~ |
~~£2,074.70~~ |
~~£3,879.24~~ |
~~£1,579.24~~ |
4,519.24 £ |
4,369.85 £ |
~~£3,291.93~~ |
~~£4,693.38~~ |
~~£ -~~ |
~~£2,223.15~~ |
|||||||
| GAY2 | NCC Funding* |
6,190.00 £ |
6,190.00 £ |
- £ |
5,022.00 £ |
5,022.00 £ |
6,722.86 £ |
6,722.86 £ |
~~£7,405.50~~ | ~~£7,405.50~~ | ~~£9,232.00~~ | ~~£9,232.00~~ | 9,379.16 £ |
9,379.16 £ |
~~£16,883.60~~ | ~~£16,883.60~~ | ~~£6,392.00~~ | ~~£6,392.00~~ | 10,585.28 £ |
7,166.00 £ |
~~£7,938.96~~ | ~~£6,704.00~~ | ~~£ -~~ | ~~£9,602.27~~ | ||||||||
| GAY3 | ~~Bursaries~~ | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAY4 | Milk Refunds |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAY5 | ~~Parent Purchases~~ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAY6 | ~~Bank interest~~ |
- £ |
7.44 £ |
7.44 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
29.26 £ |
29.26 £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||
| GAY7 | ~~Miscellaneous~~ | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||||
| GAY9 | ~~Grants~~ | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
9.12 £ |
9.12 £ |
- £ |
- £ |
- £ |
- £ |
||||||||||||||||||
| - £ |
||||||||||||||||||||||||||||||||
| - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||||
| Total | 7,928.10 £ |
7,928.10 £ |
1,592.94 £ |
1,592.94 £ |
7,165.42 £ |
7,165.42 £ |
7,793.57 £ |
7,793.57 £ |
~~£9,267.65~~ | ~~£9,267.65 ~~ | ~~########~~ | ~~########~~ | ~~£12,508.68~~ | ~~£12,508.68~~ | ~~£18,996.68~~ | ~~£18,996.68 ~~ | ~~########~~ | ~~£7,971.24~~ | ~~£15,104.52~~ | ~~£11,535.85 ~~ | ~~########~~ | ~~£11,397.38~~ | ~~£ - ~~ | ~~########~~ | ||||||||
| Expenditure | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | ||||||||||||||||||||
| Code | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Cashbook | £9,504.26 | ||||||||
| GAX1 | Wages | 7,396.06 £ |
7,396.06 £ |
8,101.82 £ |
8,101.82 £ |
7,754.74 £ |
7,754.74 £ |
8,158.22 £ |
8,158.22 £ |
~~£8,432.22~~ | ~~£8,432.22~~ | ~~£8,432.22~~ | ~~£8,432.22~~ | ~~£7,148.81~~ | ~~£7,148.81~~ | ~~£7,915.37~~ | ~~£7,915.37~~ | ~~£9,054.71~~ | ~~£9,054.71~~ | ~~£9,054.71~~ | ~~£8,669.10~~ | ~~£9,054.71~~ | ~~£10,994.40~~ | ~~£9,054.71~~ | ||||||||
| GAX2 | NI contributions | 410.62 £ |
410.62 £ |
601.78 £ |
601.78 £ |
- £ |
649.84 £ |
649.84 £ |
- £ |
421.72 £ |
421.72 £ |
- £ |
- £ |
450.00 £ |
1.94 £ |
450.00 £ |
240.75 £ |
450.00 £ |
- £ |
450.00 £ |
- £ |
|||||||||||
| GAX3 | Rent | 700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
700.00 £ |
735.00 £ |
735.00 £ |
821.86 £ |
821.86 £ |
751.76 £ |
828.62 £ |
751.76 £ |
1,224.62 £ |
751.76 £ |
740.62 £ |
751.76 £ |
872.62 £ |
|||||||
| GAX4 | Education | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
264.00 £ |
Account Balances to current period General Account Opening Balance 42,545.85 £ Activity to current period (3,762.75) £ Closing Balance 38,783.10 £ Fundraising Account Opening Balance 6,501.01 £ Activity to current period 699.23 £ Closing Balance 7,200.24 £ Total Closing Balance 45,983.34 £ |
||||||||||||||||||
| GAX5 | Admin(equipment) | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
50.00 £ |
- £ |
50.00 £ |
- £ |
50.00 £ |
75.62 £ |
50.00 £ |
219.62 £ |
|||||||||||||||
| GAX6 | Admin(expendibles) | 36.00 £ |
36.00 £ |
867.44 £ |
867.44 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
541.20 £ |
541.20 £ |
50.00 £ |
656.36 £ |
50.00 £ |
301.41 £ |
50.00 £ |
620.29 £ |
50.00 £ |
725.02 £ |
||||||||||||
| GAX7 | Insurance | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
499.20 £ |
- £ |
500.00 £ |
39.84 £ |
- £ |
||||||||||||||||||
| GAX8 | Subscriptions | 219.74 £ |
219.74 £ |
331.85 £ |
331.85 £ |
349.74 £ |
349.74 £ |
390.26 £ |
390.26 £ |
219.62 £ |
219.62 £ |
219.62 £ |
219.62 £ |
219.62 £ |
219.62 £ |
439.62 £ |
439.62 £ |
219.00 £ |
241.32 £ |
219.00 £ |
219.62 £ |
219.00 £ |
144.00 £ |
219.00 £ |
- £ |
|||||||
| GAX9 | Staff training | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
246.70 £ |
- £ |
|||||||||||||||||||
| GAX11 | Milk | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAX12 | Gifts | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
22.28 £ |
22.28 £ |
- £ |
- £ |
- £ |
- £ |
||||||||||||||||||
| GAX13 | Miscellaneous | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
48.00 £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||||
| GAX15 | Premises costs | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAX16 | Grants | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||
| GAX17 | Fruit / Veg/snacks | - £ |
- £ |
- £ |
360.06 £ |
360.06 £ |
- £ |
- £ |
377.10 £ |
377.10 £ |
- £ |
- £ |
- £ |
400.00 £ |
- £ |
- £ |
||||||||||||||||
| GAX18 | Parties | - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
205.00 £ |
- £ |
|||||||||||||||||||
| - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||||
| - £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||||||||||
| Total | 8,762.42 £ |
8,762.42 £ |
10,602.89 £ |
10,602.89 £ |
8,804.48 £ |
8,804.48 £ |
£10,258.38 | ######### | £9,351.84 £9,351.84 |
~~£8,490.15~~ | ~~£8,490.15~~ | ~~£9,247.09~~ | ~~£9,247.09~~ | ~~£10,879.67~~ | ~~£10,879.67 ~~ | ~~£10,575.47~~ | ######## | ~~£10,575.47~~ | ~~£12,980.80 ~~ | ~~£11,475.47~~ | ~~£12,952.17~~ | ~~£10,575.47~~ | ~~########~~ | |||||||||
| Sub-Total - General Account | 834.32 -£ 834.32 -£ |
9,009.95 -£ 9,009.95 -£ |
1,639.06 -£ 1,639.06 -£ |
2,464.81 -£ 2,464.81 -£ |
84.19 -£ 84.19 -£ |
~~£2,538.05~~ | ~~£2,538.05~~ | 3,261.59 £ 3,261.59 £ |
8,117.01 £ 8,117.01 £ |
304.23 -£ |
######### | 4,529.05 £ 1,444.95 -£ |
244.58 -£ 1,554.79 -£ |
#VALUE! | 239.90 £ |
|||||||||||||||||
| FUNDRAISING ACCOUNT | ||||||||||||||||||||||||||||||||
| Income | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | ||||||||||||||||||||
| 9 | 10 | 11 | 12 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||
| Code | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | ||||||||
| FRY1 | Fundraising | 160.00 £ |
160.00 £ |
314.91 £ |
314.91 £ |
12.77 £ |
12.77 £ |
528.02 £ |
528.02 £ |
23.31 £ |
23.31 £ |
- £ |
- £ |
- £ |
53.36 £ |
1,935.29 £ |
552.74 £ |
339.00 £ |
||||||||||||||
| Total | 160.00 £ |
160.00 £ |
314.91 £ |
314.91 £ |
12.77 £ |
12.77 £ |
528.02 £ |
528.02 £ |
23.31 £ |
23.31 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
53.36 £ |
- £ |
1,935.29 £ |
- £ |
552.74 £ |
- £ |
339.00 £ |
||||||||
| Expenditure | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | ||||||||||||||||||||
| Code | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | ||||||||
| FRX1 | Fundraising | - £ |
- £ |
495.76 £ |
495.76 £ |
384.87 £ |
384.87 £ |
385.40 £ |
385.40 £ |
105.14 £ |
105.14 £ |
100.00 £ |
100.00 £ |
1,749.00 £ |
1,749.00 £ |
- £ |
- £ |
- £ |
- £ |
|||||||||||||
| Total | - £ |
- £ |
- £ |
- £ |
495.76 £ |
495.76 £ |
384.87 £ |
384.87 £ |
385.40 £ |
385.40 £ |
105.14 £ |
105.14 £ |
100.00 £ |
100.00 £ |
1,749.00 £ |
1,749.00 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
||||||||
| Sub-Total - Fundraising Account | 160.00 £ 160.00 £ |
314.91 £ 314.91 £ |
482.99 -£ 482.99 -£ |
143.15 £ 143.15 £ |
362.09 -£ 362.09 -£ |
105.14 -£ 105.14 -£ |
100.00 -£ 100.00 -£ |
1,749.00 -£ 1,749.00 -£ |
- £ 53.36 £ |
- £ 1,935.29 £ |
- £ 552.74 £ |
- £ 339.00 £ |
699.23 £ |
2,181.16 -£ |
||||||||||||||||||
| Ducklings | 8 Forecast Actual - £ - £ - £ Forecast Cashbook - £ - £ - £ Aug-23 Aug-23 |
Actual 1,379.22 £ 1,379.22 £ Actual 1,741.03 £ 1,741.03 £ To Current Mth To Current Mth |
||||||||||||||||||||||||||||||
| Income | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | ||||||||||||||||||||
| 9 | 10 | 11 | 12 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||
| Code | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | Forecast | Actual | ||||||||
| GAY8 | Ducklings | 120.00 £ |
120.00 £ |
129.50 £ |
129.50 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
330.00 £ |
330.00 £ |
690.37 £ |
109.35 £ |
- £ |
- £ |
||||||||||||||||
| Total | 120.00 £ |
120.00 £ |
129.50 £ |
129.50 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
330.00 £ |
330.00 £ |
- £ |
690.37 £ |
- £ |
109.35 £ |
- £ |
- £ |
- £ |
- £ |
||||||||
| Expenditure | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | ||||||||||||||||||||
| Code | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | Forecast | Cashbook | ||||||||
| GAX14 | Ducklings | 77.77 £ |
77.77 £ |
176.00 £ |
176.00 £ |
264.00 £ |
264.00 £ |
- £ |
- £ |
- £ |
176.00 £ |
176.00 £ |
352.00 £ |
352.00 £ |
41.75 £ |
- £ |
653.51 £ |
- £ |
||||||||||||||
| Total | 77.77 £ |
77.77 £ |
176.00 £ |
176.00 £ |
264.00 £ |
264.00 £ |
- £ |
- £ |
- £ |
- £ |
- £ |
- £ |
176.00 £ |
176.00 £ |
352.00 £ |
352.00 £ |
- £ |
41.75 £ |
- £ |
- £ |
- £ |
653.51 £ |
- £ |
- £ |
||||||||
| Sub-Total - Ducklings | 42.23 £ 42.23 £ |
46.50 -£ 46.50 -£ |
264.00 -£ 264.00 -£ |
- £ - £ |
- £ - £ |
- £ - £ |
176.00 -£ 176.00 -£ |
22.00 -£ 22.00 -£ |
- £ 648.62 £ |
- £ 109.35 £ |
- £ 653.51 -£ |
- £ - £ |
361.81 -£ |
466.27 -£ |
||||||||||||||||||
| Total Forecast | to Year End | |||||||||||||||||||||||||||||||
| Income | ######### | |||||||||||||||||||||||||||||||
| Expenditure | ######### | |||||||||||||||||||||||||||||||
| Profit | 8,735.85 -£ |
|||||||||||||||||||||||||||||||
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