Puddleducks Pre-school Mulbarton
Annual General Meeting Wednesday 22th November 2024 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 - £247k (up on previous year) Payments & Liabilities - £205k (up on previous year) Net Receipts - £42k profit (compared to a £27k profit 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:
2024/25 2023/24 2022/23 2021/22 Receipts £247k £183k £114k £106k Payments & Liabilities £205k £156k £124k £114k Net Receipts £42k £27k £-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.
Although Puddleducks had a small fee increase in January last year that has proven to be the turning point where now the preschool is becoming self-sufficient. 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 which accounts for 72% down from the previous year of 74% of expenditure. The next biggest expenditure is rent amounting to 4.2% down 1.8% on last year.
Fundraising during the year has generated £20.9k which is a massive jump on last year but the is mainly thanks to the dontation from Little Tractors of £17k
At the year end, the Charity’s free reserves amounted to £108k. It is the Trustees’ aim to maintain reserves in order to:
-
meet redundancy liabilities should the setting have to close (current liability circa £12k);
-
maintain a general contingency reserve equal to one term’s outgoings (circa £35k);
-
Invest in new toys and equipment as and when required.
With the above estimated taken into consideration, the Charity presently has £20k excess reserve.
To conclude, it was a really good year for all at Puddleducks having now turned everything around and turned a profit. The whole team should be proud of themselves. Revenue was up on previous year once again and although the running costs have also increased the team have still managed to make a profit. I believe it should not go unnoticed we would like to thank the continued support from the staff, committee, parents & carers to promote this excellent setting is even more important.
Debs Fiddeman
| Puddleducks Pre-school Mulbarton | Total | ||||
|---|---|---|---|---|---|
| Income Fees* |
Sep-24 Oct-24 Nov-24 Dec-24 2,658.75 3,161.25 2,725.00 3,366.75 |
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 3,388.57 2,811.00 5,031.22 2,233.54 4,050.90 6,156.07 6,731.66 349.58 |
42,664.29 | ||
| NCC Funding* | 13,476.00 12,756.00 15,585.02 15,278.54 |
19,994.00 16,742.67 18,050.86 12,510.99 11,867.00 15,554.00 13,010.00 12,930.44 |
177,755.52 | ||
| Bursaries | - | ||||
| Milk Refunds | - | ||||
| Parent Purchases | - | ||||
| Bank interest | - | ||||
| Miscellaneous | 331.76 - |
220.00 0.11 |
- - 200.74 |
752.61 | |
| - | |||||
| Grants | 500.00 500.00 3,339.00 |
4,339.00 | |||
| Total | 16,134.75 16,249.01 18,310.02 18,645.29 |
23,602.57 19,553.78 23,082.08 14,744.53 16,417.90 22,210.07 19,942.40 16,619.02 |
225,511.42 | ||
| - | |||||
| Expenditure Wages |
13,394.67 11,287.77 11,001.59 11,514.63 |
11,628.66 10,991.45 10,363.55 12,737.20 13,397.09 13,344.47 13,865.86 14,091.31 |
- 147,618.25 |
||
| HMRC | 1,924.96 1,076.59 - 2,128.22 |
2,142.63 2,131.38 1,671.04 2,181.61 1,380.42 1,392.66 1,315.18 1,412.85 |
18,757.54 | ||
| Rent | 740.62 740.62 - - |
- 2,606.86 740.62 740.62 740.62 831.73 - 1,608.46 |
8,750.15 | ||
| Pension NEST | 683.54 474.96 454.00 471.70 |
506.10 501.35 437.60 481.28 552.77 511.03 505.60 534.95 |
6,114.88 | ||
| Admin (equipment) | - - 75.00 - |
- 540.04 - |
- - 189.99 403.58 - |
1,208.61 | |
| Admin (expendibles) (Expen | 577.34 1,018.19 759.18 579.17 |
355.86 93.22 888.31 115.48 2,494.59 315.50 28.99 28.99 |
7,254.82 | ||
| Insurance | - - - - |
- - - 548.21 - - - - |
548.21 | ||
| Subscriptions | 674.42 178.80 178.80 1,027.90 |
856.65 436.80 178.80 543.76 358.86 378.86 288.66 300.36 |
5,402.67 | ||
| Staff training | - 35.00 - 166.00 |
1,957.93 - - |
- - - - - |
2,158.93 | |
| Milk | 56.32 - - 47.60 |
- - - |
- - - 31.15 - |
135.07 | |
| Gifts | - - - - |
- - - |
- - - 332.88 - |
332.88 | |
| Miscellaneous | - - - - |
- - - |
- 35.00 210.00 339.60 - |
584.60 | |
| - | |||||
| Premises costs (inc BT) | - - - 182.71 |
- 144.71 57.91 |
- 123.24 - 168.07 94.06 |
770.70 | |
| Grants | - 77.00 - - |
- - - |
- - - - - |
77.00 | |
| Fruit / Veg/snacks | - - - - |
- - 807.91 |
- - - - - |
807.91 | |
| Parties | - - 220.00 220.00 |
- - - |
- 120.00 - 195.00 - |
755.00 | |
| - | |||||
| Total | 18,051.87 14,888.93 12,688.57 16,337.93 |
17,447.83 17,445.81 15,145.74 17,348.16 19,202.59 17,174.24 17,474.57 18,070.98 |
201,277.22 | ||
| - | |||||
| Fundraising Income | - 342.95 39.44 17,014.66 |
207.00 - 385.00 |
1.00 2,008.05 109.00 797.47 19.73 |
20,924.30 | |
| Fundraising Expenses | - - 283.59 606.00 |
- - 910.00 |
- - 109.00 - - |
1,908.59 | |
| Fundraising Account | - 342.95 244.15 - 16,408.66 |
207.00 - 525.00 - |
1.00 2,008.05 - 797.47 19.73 |
19,015.71 | |
| - | |||||
| Ducklings Income | 157.28 409.72 - - |
222.90 - 221.02 |
- - - 412.30 - |
1,423.22 | |
| Ducklings Expenses | - 208.00 208.00 364.00 |
- 107.50 156.00 208.00 156.00 156.00 208.00 156.00 |
1,927.50 | ||
| Ducklings Account | 157.28 201.72 208.00 - 364.00 - |
222.90 107.50 - 65.02 208.00 - 156.00 - 156.00 - 204.30 156.00 - |
- | 504.28 |
|
| Savings Account Interest | 72.64 | 69.10 | 141.74 |
----- Start of picture text -----
Summary
Actual income 247,248.07
Actual expenses - 205,113.31
Actual profit 42,134.76
Main Current Account
Opening Balance 58,703.31
Money In 247,858.94
Money Out - 222,127.97
Carried Forward Balance 84,434.28
Savings Account
Opening Balance 9,147.52
Money In 17,156.40
Money Out - 2,092.22
Carried Forward Balance 24,211.70
----- End of picture text -----
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Puddleducks Pre-school Mulbarton members of On accounts for the year 31[st] August 2024 Charity no 1027069 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY 31/08/2024 .
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
~~accounting records were not kept in accordance with section 130 of the Act or~~
-
~~the accounts do not accord with the accounting records~~
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 20/10/2025 Name: Christopher Lodge Relevant professional qualification(s) or body MAAT (if any): Address: Logical Bookkeeping Services Ltd 3 Forge Orchards, Mulbarton Norwich, NR14 8JH
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
N/A
October 2018
2
IER