## **THE COMMUNITY PRE-SCHOOL INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31ST AUGUST 2020** 

||**2020**|**2019**|||
|---|---|---|---|---|
|**INCOME**|**£**|**£**<br>**£**|**£**||
|**FEES**<br>Ordinary|10,880.00|11,009.50|||
|Funding|60,236.40|66,645.39|||
|||**71,116.40**|**77,654.89**||
|Grants and Donations||500.00|20.00||
|Fundraising||434.05|883.62||
|Sundry Income||125.00|1,118.90||
|Interest earned (on outdoor & investment a/c)||7.13|||
|milk & snacks||732.30|1,073.10||
|Furlough Money||725.16|||
|Gift Aid||6000.00|||
|||**£79,640.04**|**£80,750.51**||
|**EXPENDITURE**|||||
|Rent||9,738.00|10,662.00||
|Salaries||74,189.69|69,482.57||
|Milk and Snacks||527.24|883.22||
|Kitchen supplies||-|-||
|New Equipment purchase||1,150.27|805.86||
|Materials||759.96|1,839.28||
|Stationery and phone||326.06|1,250.20||
|PLA Insurance/membership||906.64|894.94||
|Fundraising costs & Trips||433.20|1,312.53||
|Sundry exp||2,685.63|2,620.22||
|||**£90,716.69**|**£89,750.82**||
|Excess Income over Expenditure||**-£11,076.65**|**-£9,000.31**||
||**BALANCES AS AT 31ST AUGUST 2020**||||
|||**Opening**||**Closing**|
|||**£**||**£**|
|Petty Cash Account||154.39||9.39|
|**Bank Account (Adjusted)**||3,157.26||8,659.94|
|Outdoor Play Account||24,811.72||7,638.55|
|Investment Account||22,910.20||23,649.04|
|Excess Income for the year||-11,076.65|||
|||39,956.92||39,956.92|





## **THE COMMUNITY PRE-SCHOOL** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2020** 

|**Fees:**<br>Ordinary (fr<br>2020<br>Funding (from DCC)<br>**Grants/Donations:**<br>**Interest on bank accounts**<br>**Furlough Money**<br>**Grant Aid**<br>**Other Income**<br>**Community Centre Rent:**<br>**Salaries:**<br>Employee Salaries<br>Inland Revenue<br>Pensions<br>**Milk & Snack:**<br>Milk<br>Snack<br>**New Equipment:**<br>Tablet<br>Table & Chairs<br>22 Wet Suits<br>Decking Canopy<br>Grass for Outdoor Area<br>Small items<br>**Materials:**<br>Various Books, puzzles etc etc<br>**Stationery/Phone:**<br>Stationery<br>Phone<br>**PLA membership/insurance**<br>**Fundraising:**<br>Art Projects<br>Next<br>Sponsored find it<br>Sweatshirts & T-shirts<br>Bags 2 school<br>**Trips**<br>**Sundries:**<br>Web Site<br>Courses<br>Accountancy Fees<br>Gardening<br>Move and Dance Fees<br>Refund of Fees (Net)<br>Various Sundries<br>**TOTAL:**||**INCOME**|**EXPENDITURE**<br>9,738.00<br>74,189.69<br>355.74<br>171.50<br>49.99<br>55.73<br>267.55<br>645.00<br>50.00<br>82.00<br>759.96<br>142.50<br>183.56<br>906.64<br>433.20<br>433.20<br>**-**<br>237.60<br>593.40<br>570.00<br>79.00<br>120.00<br>280.00<br>805.63<br>**2,685.63**<br>**£90,716.69**|NET<br>111.06<br>94.00|
|---|---|---|---|---|
|||10,880.00<br>60,236.40<br>500.00<br>7.13<br>725.16<br>6,000.00<br>125.00<br>466.80<br>265.50|||
|||26.40<br>134.00<br>273.65|||
|||||26.40|
||||||
|||||-<br>159.55<br>-|
|||||-|
|||**434.05**||133.15<br>-|
|||**-**<br>**£79,640.04**|||
||||||
||||||
|||||**-**|
||||||
|||||**-£11,076.65**|
||||||





## **The Community Pre-School INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31ST AUGUST 2020** 

1-Overall the deficit of income over expenditure worsened in the year by £2,077 from -£9,000 last year to -£11,077 this year. 2020 -11077 2019 -9000 

2-The largest reason for this was the increase in wages and salaries costs up by £6,130 to £69,483 in the year. The main causes of this were increases in minimum and living wages, overall wage inflation and an increase in staffing levels. 

Clearly this is an area to study in the upcoming months balancing staff provision and overall child experience versus financial viability 

3-Income wise we saw a fall of £1,145 from funding levels of £78,799 last year to £77,655 this year largely caused by a change a the age profile of the children at pre school, as overall, number of places remains consistent year on year. 

4.  Fundraising was significantly up on last year (£884 from £467) 

5. Otherwise, spending remained in line with previous years. 

**The operating surplus in the bank has allowed us to put funds aside currently we have £50.2k in our savings account for redundancy provision and the like in the future.** 

**The pre-school appears to have a constant demand for the forthcoming year** 

**Fundraising continues to bring in money and is a good way to keep the Pre-school in the Community eye** 

**In the upcoming year we will need to keep  investing  in equipment to continue to provide our excellent pre-school child-care provision. But we also need to re-visit the current financial model particualrly in respect of funding and staff provision to ensure financial viability moving into the future.**