Stower Vale Preschool AGM Financial Report 2022 11[th] October 2022
The preschool continues to go from strength to strength having had another successful year. For the 4[th] year in a row we have ended the year in credit, despite increased costs in the running of the setting. Total expenditure this year was £69522 and total income £76508, resulting in a profit of £6986. In reality this will be less as invoices for maintenance work carried out over the summer (totalling in excess of £3000) are not included in this end of year total as they were raised in September. Inevitably salaries are our biggest outgoing, however these have only increased 3.6% from last year. Fees are our biggest income and these have increased 12.8% on last year.
Income vs outgoings
----- Start of picture text -----
5 year trend
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
2018 2019 2020 2021 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5
2022
Financial Year
Cost £
----- End of picture text -----
Income
| Total | Fundraisin | Toddle | ||||
|---|---|---|---|---|---|---|
| Total | Fees | Funding | fees | g | rs | |
| FY2017_1 | ||||||
| 8 | 39535 | 12881 | 25795 | 38676 | 405 | 290 |
| FY2018_1 | ||||||
| 9 | 53383 | 13568 | 35128 | 48696 | 1006 | 166 |
| FY2019_2 | ||||||
| 0 | 67700 | 7342 | 58517 | 65859 | 587 | 585 |
| FY2020_2 | ||||||
| 1 | 68232 | 13336 | 52834 | 66170 | 459 | |
| FY2021_2 | ||||||
| 2 | 76508 | 15756 | 58862 | 74618 | 447 | 510 |
Expenditure
Total Salarie Tax Pensio Toys&equ Office Utiliti Maintenan
| s | n | ip | es | ce | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2017_1 | |||||||||||
| 8 | 55219 | 39515 | 4274 | 563 | 1013 | 709 | 746 | ||||
| FY2018_1 | |||||||||||
| 9 | 50715 | 37110 | 997 | 1420 | 1512 | 193 | |||||
| FY2019_2 | |||||||||||
| 0 | 50075 | 38380 | 3088 | 1322 | 1839 | 495 | |||||
| FY2020_2 | |||||||||||
| 1 | 68005 | 49094 | 5320 | 1591 | 2300 | 947 | 1447 | 3121 | |||
| FY2021_2 | |||||||||||
| 2 | 69522 | 50854 | 6777 | 2010 | 2430 | 1717 | 1684 | 1270 |
Stower Vale Preschool
Profit and Loss Report
01 September, 2021 - 31 August, 2022
| Sales | ||
|---|---|---|
| 4001 - Fees | 10,882.12 | |
| 4002 - Fees - vouchers | 4,873.87 | |
| 4003 - Fees - EY funding | 58,862.46 | |
| 4004 - Fundraising | 15.00 | |
| 4005 - Toddlers | 510.20 | |
| 4006 - Donations | 332.79 | |
| 4900 - Other income | 1,031.65 | |
| Total Sales | £76,508.09 | |
| Direct Expenses | ||
| 5000 - Cost of Sales - Goods | 117.64 | |
| 5060 - Other Direct Expenses | 418.58 | |
| Total Direct Expenses | £536.22 | |
| GROSS PROFIT / LOSS | £75,971.87 | |
| Overheads | ||
| 7000 - Employee Wages and Salaries | 50,854.10 | |
| 7002 - Grounds maintenance | 1,270.17 | |
| 7006 - Council tax | 337.40 | |
| 7007 - Office equipment | 324.40 | |
| 7012 - Toys and play equipment | 2,430.08 | |
| 7013 - Website | 473.16 | |
| 7020 - Employers Tax | 6,150.32 | |
| 7030 - Employer's Pension | 2,010.35 | |
| 7050 - Other Deductions | 18.50 | |
| 7130 - Premises Insurance | 875.80 | |
| 7200 - Electricity | 1,683.86 | |
08 Oct 2022 14:28
Page 1 of 2
| 7520 - Office Stationery 182.18 |
|
|---|---|
| 7530 - Telephone 490.08 |
|
| 7550 - Computer & Software 299.59 |
|
| 7810 - Cleaning 451.77 |
|
| 8003 - Prof fees 50.00 |
|
| 8230 - Training Costs 48.00 |
|
| 8240 - Refreshments 776.70 |
|
| 9001 - Toddler snacks/equipment 259.01 |
|
| Total Overheads | £68,985.47 |
| NET PROFIT / LOSS | £6,986.40 |
08 Oct 2022 14:28
Page 2 of 2
CHARITY COMMISSION | FOR EIKJLANO N40 wE5 Independent examinerfs report on the accounts Section A Inrtependent Examlner's Report Ch•rlty f (ff •ny) 101?ZqL I reixxl to Ihe trustees Ixt my ex8minatth ol thè 8c££wrts d the dwrity Trusl") for the year As the ch8nty's trustees. you are Tesponsth for the pxepaTakn ol tr acminls in aOrdan with the requirwnents of the Charrt8 2011 {Ihe Act"). I reprt in respect of my examinalion of the Trusfs accounts IXTied under se(Aion 145 of the 2011 Act and in carrying out my examinatTh. I have follo# all the applica Direclions given by the Charity CTr•s3 under section 14q5Xbl of the Acl. Independent trhe ctharitls gn>ss in(xTh exceeded £21.(K) and l qualfied to examinèrfs statement un(Jertake the examination by being a qualrfied member of fmsert narrt applicable listed bodyl]. Delete [ ] rf nol applicable. I have completed my exarninatton. I confimi Ihal no material manw5 have come to my attention in connection with the examination (other than that discknsed bèlow ") which 9ives me cause to belwe that . any material respect.. the accounting records we not kept in accudanc8 V•ith sectK)n 130 of the Chartlies AL#., or the accounts dNI not accord Vith the accounting rec(Kds,' or the accounts did nol comply with the applicabl8 requIrents concemiTrJ the lonn and content of accounts set out in the Chities (Accounts and Reports) Regulations 2008 other than any requiren that the accounls give a 'true and fair. view which is rH)t a matter considered as part of an independenl examinaticfft. I have no oylcems and have come across no i)ther matters in connecti(r th Ihe examination to which attention shoubj bo draTr in this reFQrt in Order to enable a proper understand1r of Ihe aco)unts to b8 r6thd. . Please delete the words in the brackets if they (k) not appty. Slgned.. Date: Name: Relevant professlonal qualificatlon(s) or body 3ool<iofi Oct 2018 M CLOunl