## **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 -----**<br>
5 year trend<br>90000<br>80000<br>70000<br>60000<br>50000<br>40000<br>30000<br>20000<br>10000<br>0<br>           2018                 2019                2020                2021           0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5<br>     2022<br>Financial Year<br>Cost £<br>**----- End of picture text -----**<br>


## **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<br>182.18||
|---|---|
|7530 - Telephone<br>490.08||
|7550 - Computer & Software<br>299.59||
|7810 - Cleaning<br>451.77||
|8003 - Prof fees<br>50.00||
|8230 - Training Costs<br>48.00||
|8240 - Refreshments<br>776.70||
|9001 - Toddler snacks/equipment<br>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 w￿E5
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 a￿Ordan￿ with the requirwnents of the Charrt*8 2011
{Ihe Act").
I rep￿rt 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 C￿T￿r•s3
under section 14q5Xbl of the Acl.
Independent trhe ctharitls gn>ss in(xTh exceeded £2￿1.(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 V*ith the accounting rec(Kds,' or
the accounts did nol comply with the applicabl8 requIren￿ts
concemiTrJ the lonn and content of accounts set out in the Ch*ities
(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 dra￿Tr 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