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2024-08-31-accounts

Internal

Treasurer’s report

13.11.24

2024 – James Howes

The 2023-24 financial year has marked significant improvement and growth for the Preschool. With enrollment challenges now behind us, our focus on a robust financial strategy has resulted in positive outcomes.

Income : This year’s total income reached £92,171.72. Our main income sources included £61,158.08 from NCC funding, £27,997.00 from fees, and £2,986.64 from fundraising efforts.

Expenditures : Our total expenditures amounted to £70,757.04. Key expenses included staff wages at £51,800.87, rent at £13,672.00, and smaller allocations for insurance (£678.05), new equipment (£622.39), and training (£370.00). Expenditure on activities and events, such as trips or party entertainment, remained minimal or nonexistent, reflecting a cautious approach to budgeting.

Profit and Fundraising : We ended the year with an operating profit of £21,414.68, and a total profit for the year of £24,401.32. This is a significant turnaround from previous years and reflects the stability we’ve achieved. Fundraising contributed £2,986.64 to our total income, helping to supplement operational needs.

Accounts : As of August 29, 2024, our current account balance stands at £27,401.05, with an additional £15,398.58 in our reserve account, for a total balance of £42,799.63. This provides a solid foundation for future planning and investments in resources.

We continue to operate as a non-profit, focusing on providing a supportive environment for local families. This year’s financial improvement allows us to sustain our services and ensure a high-quality experience for the children in our care. Thank you, James

Internal

Appendix 1

2023/24


2022/23

28,148.70
13,546.80
15
0
0
0
0
0
4,188.68
0
67
0
0
45,966.18


38,499.18
0
2,607.28
13,104.00
0
766.45
0
0
647.56
0
151.45
95
0
0
0
0
0
0
0
156
0
0
56,026.92
Trading Income
NCC funding 61,158.08
Fees Income 27,997.00
Donations 0.00
Music 0.00
EYPPgrants 30.00
Contributions to trips 0.00
Photos 0.00
Bank Interest 0.00
Fundraising 2,986.64
Uniform Sales 0.00
Other Income 0.00
Easyfundraising 0.00
Summer ball 0.00
92,171.72
Payments
Wages 51,800.87
HMRC 0.00
Pensions 2,760.50
Rent 13,672.00
EYPP spends/ncc refund 0.00
Supplies 324.25
Activities 0.00
Snacks 0.00
Insurance 678.05
New Equipment 622.39
FundraisingExpenses 237.98
Training 370.00
Photographs 0.00
Thank You Gifts/LongTerm Service 0.00
Trips/Outings/Leavers PartyEntertainment 0.00
Advertising 15.00
Professional Fees & checks 276.00
Repairs and maint 0.00
Kids Uniforms 0.00
Staff Uniform 0.00
Overpayment 0.00
Misc 0.00
70,757.04

Internal

OperatingProfit/Loss 21,414.68
Fundraising 2,986.64
OutstandingFees 0.00
Profit / Loss for the Year 24,401.32
Transfer to Reserve Account
Bank Balance as of
Current Account as 29.08.24 27,401.05 4,800.28
Reserve Account 15,398.58 15,041.22
42,799.63 19,841.50
Method Date Debits Debits Debits Debits Debits Debits Debits
Amount Payee Check? Wages HMRC Pensions Rent
01-Sep-19 Opening balance
Bacs 22-Aug-23 178 75 Nest = 178 75
Bacs 23-Aug-23 =
Bacs 25-Aug-23 =
Bacs 31-Aug-23 =
Bacs 31-Aug-23 15 =
Bacs 04-Sep-23 =
Bacs 04-Sep-23 =
Bacs 05-Sep-23
Bacs 07-Sep-23 =
Bacs 08-Sep-23 =
Bacs 08-Sep-23 =
Bacs 11-Sep-23 =
Bacs 11-Sep-23 =
Bacs 22-Sep-23 =
Bacs 22-Sep-23 789 88 LAURA HEN= 789 88
Bacs 26-Sep-23 =
Bacs 27-Sep-23 =
Bacs 28-Sep-23 1148 76 CHARLOTTE= 1148 76
Bacs 28-Sep-23 960 61 UTE GRAHA= 960 61
Bacs 28-Sep-23 723 75 LEAH BEAL = 723 75
Bacs 28-Sep-23 113 85 LEAH BEAL = 113 85
Bacs 28-Sep-23 180 04 NEST = 180 04
Bacs 02-Oct-23 =
Bacs 06-Oct-23 =
Bacs 09-Oct-23 1512 RENT = 1512
Bacs 10-Oct-23 =
Bacs 16-Oct-23 =
Bacs 16-Oct-23 678 05 INSURANCE=
Bacs 17-Oct-23 =
Bacs 19-Oct-23 113 DIANNE MA=
Bacs 20-Oct-23 =
Bacs 24-Oct-23 =
Bacs 25-Oct-23 =
Bacs 25-Oct-23 =
Bacs 25-Oct-23 =
Bacs 27-Oct-23 =
Bacs 27-Oct-23 =
Bacs 27-Oct-23 =
Bacs 27-Oct-23 960 61 UTE GRAHA= 960 61
Bacs 27-Oct-23 837 6 LEAH BEAL = 837 6
Bacs 27-Oct-23 789 88 LAURA HEN= 789 88
Bacs 27-Oct-23 1191 37 CHARLOTTE= 1191 37
Bacs 30-Oct-23 =
Bacs 30-Oct-23 =
Bacs 30-Oct-23 =
Bacs 30-Oct-23 =
Bacs 30-Oct-23 =
Bacs 30-Oct-23 188 34 Nest = 188 34
Bacs 31-Oct-23 =
Bacs 01-Nov-23 =
Bacs 03-Nov-23 =
Bacs 03-Nov-23 =
Bacs 03-Nov-23 =
Bacs 03-Nov-23 =
Bacs 06-Nov-23 =
Bacs 06-Nov-23 237 98 Deroah dun=
Bacs 07-Nov-23 1224 rent = 1224
Bacs 07-Nov-23 =
Bacs 23-Nov-23 =
Bacs 23-Nov-23 1212 51 LEAH BEAL = 1212 51
Bacs 23-Nov-23 789 88 LAURA HEN= 789 88
Bacs 23-Nov-23 1235 63 UTE GRAHA= 1235 63
Bacs 23-Nov-23 1541 34 CHARLOTTE= 1541 34
Bacs 24-Nov-23 =
Bacs 24-Nov-23 =
Bacs 01-Dec-23 =
Bacs 01-Dec-23 247 19 Nest = 247 19
Bacs 04-Dec-23 =
Bacs 07-Dec-23 1368 Rent = 1368
Bacs 15-Dec-23 =
Bacs 15-Dec-23 =
Bacs 15-Dec-24 =
Bacs 22-Dec-23 960 61 = 960 61
Bacs 22-Dec-23 837 6 = 837 6
Bacs 22-Dec-23 789 88 = 789 88
Bacs 22-Dec-23 1191 37 = 1191 37
Bacs 22-Dec-23 1200 = 1200
Bacs 27-Dec-23 188 34 nest = 188 34
Bacs 03-Jan-24 924 rent = 924
Bacs 04-Jan-24 =
Bacs 04-Jan-24 =
Bacs 05-Jan-24 =
Bacs 08-Jan-24 =
Bacs 10-Jan-24 =
Bacs 10-Jan-24 =
Bacs 11-Jan-24 =
Bacs 12-Jan-24 =
Bacs 12-Jan-24 =
Bacs 15-Jan-24 =
Bacs 16-Jan-24 =
Bacs 16-Jan-24 =
Bacs 17-Jan-24 =
Bacs 18-Jan-24 =
Bacs 23-Jan-24 =
Bacs 23-Jan-24 =
Bacs 24-Jan-24 =
Bacs 25-Jan-24 823 51 LAURA HEN= 823 51
Bacs 25-Jan-24 960 81 UTE GRAHA= UTE GRAHA= 960 81
Bacs 25-Jan-24 1115 23 CHARLOTTE= 1115 23
Bacs 25-Jan-24 930 04 LEAH BEAL = 930 04
Bacs 01-Feb-24 =
Bacs 01-Feb-24 197 54 nest = 197 54
Bacs 02-Feb-24 =
Bacs 06-Feb-24 1440 rent = 1440
Bacs 12-Feb-24 =
Bacs 19-Feb-24 =
Bacs 22-Feb-24 =
Bacs 23-Feb-24 =
Bacs 23-Feb-24 837 6 LEAH BEAL = 837 6
Bacs 23-Feb-24 113 DIANNE MA=
Bacs 23-Feb-24 789 88 LAURA HEN= 789 88
Bacs 23-Feb-24 1202 76 CHARLOTTE= 1202 76
Bacs 23-Feb-24 960 61 UTE GRAHA= 960 61
Bacs 27-Feb-24 =
Bacs 27-Feb-24 50 Ofsted =
Bacs 29-Feb-24 =
Bacs 01-Mar-24 188 34 Nest = 188 34
Bacs 04-Mar-24 =
Bacs 04-Mar-24 =
Bacs 04-Mar-24 =
Bacs 04-Mar-24 =
Bacs 06-Mar-24 =
Bacs 06-Mar-24 =
Bacs 07-Mar-24 1152 Rent = 1152
Bacs 11-Mar-24 =
Bacs 12-Mar-24 =
Bacs 12-Mar-24 =
Bacs 18-Mar-24 =
Bacs 21-Mar-24 =
Bacs 22-Mar-24 =
Bacs 25-Mar-24 =
Bacs 28-Mar-24 960 61 UTE GRAHA= 960 61
Bacs 28-Mar-24 1206 45 CHARLOTTE= 1206 45
Bacs 28-Mar-24 837 6 LEAH BEAL = 837 6
Bacs 28-Mar-24 789 88 LAURA HEN= 789 88
Bacs 28-Mar-24 188 34 nest = 188 34
Bacs 08-Apr-24 =
Bacs 08-Apr-24 1368 rent = 1368
Bacs 10-Apr-24 =
Bacs 10-Apr-24 =
Bacs 11-Apr-24 =
Bacs 12-Apr-24 =
Bacs 15-Apr-24 =
Bacs 16-Apr-24 =
Bacs 19-Apr-24 =
Bacs 22-Apr-24 =
Bacs 25-Apr-24 =
Bacs 26-Apr-24 =
Bacs 26-Apr-24 =
Bacs 26-Apr-24 =
Bacs 26-Apr-24 1296 65 CHARLOTTE= 1296 65
Bacs 26-Apr-24 978 5 LEAH BEAL = 978 5
Bacs 26-Apr-24 871 74 LAURA HEN= 871 74
Bacs 26-Apr-24 1020 42 UTE GRAHA= 1020 42
Bacs ######## 210 3 Nest
=		 210 3
Bacs ######## =
Bacs ######## 864 Rent
=		 864
Bacs ######## 44 7 Y COWTON=
Bacs ######## 978 5 LEAH BEAL = 978 5
Bacs ######## 871 74 CHARLOTTE= 871 74
Bacs ######## 1243 94 LAURA HEN= 1243 94
Bacs ######## 1020 42 UTE GRAHA= 1020 42
Bacs ######## =
Bacs ######## =
Bacs 04-Jun-24 =
Bacs 05-Jun-24 =
Bacs 05-Jun-24 =
Bacs 05-Jun-24 =
Bacs 05-Jun-24 210 3 Nest
=		 210 3
Bacs 06-Jun-24 =
Bacs 07-Jun-24 =
Bacs 07-Jun-24 1320 Rent
=		 1320
Bacs 10-Jun-24 =
Bacs 10-Jun-24 =
Bacs 10-Jun-24 =
Bacs 10-Jun-24 220 Joanna Ran=
Bacs 13-Jun-24 33 01 Cartridge S =
Bacs 24-Jun-24 =
Bacs 25-Jun-24 =
Bacs 25-Jun-24 20 Anthony W=
Bacs 25-Jun-24 412 39 Louise War=
Bacs 27-Jun-24 =
Bacs 27-Jun-24 1374 47 UTE GRAHA= 1374 47
Bacs 27-Jun-24 1715 27 CHARLOTTE= 1715 27
Bacs 27-Jun-24 1338 32 LEAH BEAL = 1338 32
Bacs 27-Jun-24 871 74 LAURA HEN= 871 74
Bacs 28-Jun-24 =
Bacs 28-Jun-24 =
Bacs 28-Jun-24 281 76 = 281 76
Bacs 01-Jul-24 =
Bacs 01-Jul-24 1420 Rent
=		 1420
Bacs 02-Jul-24 =
Bacs 02-Jul-24 =
Bacs 02-Jul-24 =
Bacs 02-Jul-24 150 Medical tra=
Bacs 04-Jul-24 =
Bacs 08-Jul-24 =
Bacs 10-Jul-24 190 Anthony W= Anthony W=
Bacs 12-Jul-24 =
Bacs 19-Jul-24 =
Bacs 26-Jul-24 933 6 LAURA HEN= 933 6
Bacs 26-Jul-24 1420 29 UTE GRAHA= 1420 29
Bacs 26-Jul-24 1727 84 CHARLOTTE= 1727 84
Bacs 26-Jul-24 1326 72 LEAH BEAL = 1326 72
Bacs 29-Jul-24 201 6 Chairman =
Bacs 30-Jul-24 44 94 Nuc0 trchn =
Bacs 01-Aug-24 290 96 Nest = 290 96
Bacs 05-Aug-24 1080 rent = 1080
Bacs 15-Aug-24 =
Bacs 22-Aug-24 =
Bacs 23-Aug-24 =
Bacs 27-Aug-24 210 3 Nest = 210 3
Bacs 29-Aug-24 984 3 LEAH BEAL = 984 3
Bacs 29-Aug-24 1020 42 CHARLOTTE= 1020 42
Bacs 29-Aug-24 1244 14 UTE GRAHA= 1244 14
Bacs 29-Aug-24 871 74 LAURA HEN= 871 74
Bacs =
Bacs =
Totals 70757 04 0 0 51800 87 0 2760 5 13672

Debits Debits Debits Debits Debits Debits Debits Debits Debits EYPP spendSupplies Activities Snacks Trips / Part Insurance New EquipmFundraisingTraining

678 05

23798

447 220 3301 20 41239 150

190

201 6 44 94

----- Start of picture text -----
0 324 25 0 0 0 678 05 622 39 237 98 370
----- End of picture text -----

Debits Debits Debits Debits Debits Debits Debits Debits Photos / m Thank You AdvertisingProfessionarepairs andKids Unifor Staff UniforOverpayment

15

113

113 50

15 276

Credits Credits Credits Credits Credits Credits Credits Credits Credits Amount Payee Check NCC fundinFees IncomDonations Music EYPP GrantContributio

=
210 Beth Hope = 210
2471 29 WNC fundi = 2471 29
507 Rebecca Dy= 507
=
350 S old = 350
210 J McMurrY = 210
350 J TAR = 350
350 E MOR = 350
470 T WARD = 470
21 52 WNC fundi = 21 52
225 A WEL = 225
325 HALES SS = 325
2729 4 WNC FUND= 2729 4
=
50 HODGETT = 50
239 49 WNC FUND= 239 49
=
=
=
=
=
120 SHANA PAR= 120
8 06 WNC fundi = 8 06
=
450 DONNA TR = 450
100 TREZONA H= 100
=
1775 I MAC = 1775
=
100 HODGETT = 100
568 reuben How= 568
50 HODGETT = 50
300 SOLD = 300
2571 23 WNC fundi ERROR 2571
375 Jtar = 375
325 EMOR = 325
50 HODGETT = 50
=
=
=
=
465 TWARD = 465
305 SHANA PAR= 305
225 Bertie thor = 225
150 A WEL = 150
150 Saints Shirt=
=
255 Goddard
=		 255
200 Charlie Car = 200
375 HALES SS
=		 375
100 TREZONA H= 100
50 Hodgett
=		 50
266 Online ticke=
525 Dyson
=		 525
=
=
1208 25 Disco funds=
50 HODGETT = 50
=
=
=
=
50 HODGETT = 50
2220 1 WNC FUND= 2220 1
500 DONNA TR = 500
=
100 TREZONA H= 100
=
25 Reuben Ho = 25
50 HODGETT = 50
2220 1 WNC fundi = 2220 1
=
=
=
=
=
=
=
550 Reuben Ho = 550
900 Imac
=		 900
100 Edem red = 100
850 Husztik
=		 850
287 5 DONNA TR = 287 5
51 TREZONA H= 51
238 Bthorpe
=		 238
302 5 EMOR
=		 302 5
300 Karla Pickfo= 300
492 5 SHANA PAR= 492 5
667 5 Thomas Wa= 667 5
136 08 WNC FUND= 136 08
150 OBLA
=		 150
375 Sold
=		 375
50 James wrig = 50
4 DONNA TR = 4
4705 47 WNC FUND= 4705 47
=
=
=
=
287 5 DONNA TR = 287 5
=
51 Trezona JH = 51
=
420 Reuben Ho = 420
490 Thomas Wa= 490
215 Bthorpe = 215
5390 91 WNC FUND= 5390 91
=
=
=
=
=
340 SHANA PAR= 340
=
207 5 EMOR = 207 5
=
150 OBLA = 150
300 Husztik = 300
320 Karla Pickfo= 320
51 Trezona H&= 51
690 Imac = 690
390 DONNA TR = 390
=
193 Hnem = 193
270 SOLD = 270
390 MHUS = 390
30 RHOW = 30
36 5 Trezona H&= 36 5
5665 77 WNC FUND= 5665 77
225 MOCA = 225
=
=
=
=
=
87 5 RHOW = 87 5
=
330 TWARD = 330
435 MHUS = 435
315 EMOR = 315
87 5 SOLD = 87 5
465 SHANA PAR= 465
800 WNC FUND= 800
87 5 OBLA = 87 5
435 DONNA TR = 435
87 5 RHOW = 87 5
180 Karla Pickfo= Karla Pickfo= 180
180 Cooke JJ = 180
6089 1 WNC FUND= 6089 1
=
=
=
=
=
62 83 WNC FUND= 62 83
=
=
=
=
=
=
2393 37 WNC FUND= 2393 37
4060 01 WNC FUND= 4060 01
262 5 RHOW = 262 5
542 5 MHUS = 542 5
140 OBLA = 140
450 TWARD = 450
=
140 SOLD = 140
460 EMOR = 460
=
450 Rebecca Dy= 450
210 AWEL = 210
180 EWEL = 180
=
=
512 SHANA PAR= 512
108 Cooke JJ = 108
=
=
1282 56 J Howes =
=
=
=
=
105 Karla Pickfo= 105
6457 86 WNC FUND= 6457 86
=
20 Hannah Ch =
=
542 5 DONNA TR = 542 5
120 AWEL = 120
25 GR T/A = 25
=
6 S Bouncy = 6
6 Thomas go = 6
=
18 V Cade = 18
6457 86 WNC FUND= 6457 86
=
=
=
=
=
=
=
=
18 92 Bike fundra=
40 91 Back to sch=
6457 86 WNC FUND= 6457 86
=
=
=
=
=
=
=
92171 95 0 0 61158 08 27997 0 0 30 0

Credits Credits Credits Credits Credits Credits Credits Photos/ eveBank IntereGeneral Fu Uniform SaOther IncomSummer BaEasy fundraBalance

4800 28
4621 53
4831 53
7302 82
7809 82
7794 82
8144 82
8354 82
8704 82
9174 82
9196 34
9421 34
9746 34
12475 74
11685 86
11735 86
11975 35
10826 59
9865 98
9142 23
9028 38
8848 34
8968 34
8976 4
7464 4
7914 4
8014 4
7336 35
9111 35
8998 35
9098 35
9666 35
9716 35
10016 35
12587 58
12962 58
13287 58
13337 58
12376 97
11539 37
10749 49
9558 12
10023 12
10328 12
10553 12
10703 12
150 10853 12
10664 78
10919 78
11119 78
11494 78
11594 78
11644 78
266 11910 78
12435 78
12197 8
10973 8
1208 25 12182 05
12232 05
11019 54
10229 66
8994 03
7452 69
7502 69
9722 79
10222 79
9975 6
10075 6
8707 6
7746 99
6909 39
6119 51
4928 14
3728 14
3539 8
2615 8
3165 8
4065 8
4165 8
4453 3
4504 3
4742 3
5044 8
5344 8
5837 3
6504 8
6640 88
6790 88
7165 88
7215 88
7219 88
11925 35
11925 35
11101 84

10141 03 9025 8 8383 26 8383 26 8236 72 8236 72 7216 72 7706 72 8196 72 8411 72 13802 63 12965 03 12852 03 12062 15 10859 39 9898 78 10238 78 10188 78 10396 28 10207 94 10357 94 10657 94 10977 94 11028 94 11718 94 12108 94 10956 94 11149 94 11419 94 11809 94 11839 94 11876 44 17542 21 17767 21 16806 6 15600 15 14762 55 13972 67 13784 33 13871 83 12503 83 12833 83 13268 83 13583 83 13671 33 14136 33 14936 33 15023 83 15458 83 15546 33

1282 56

15726 33 15906 33 21995 43 20698 78 19720 28 18848 54 17828 12 17617 82 17680 65 16816 65 16771 95 15793 45 14921 71 13677 77 12657 35 15050 72 19110 73 19373 23 19915 73 20055 73 20505 73 20295 43 20435 43 20895 43 19575 43 20025 43 20235 43 20415 43 20195 43 20162 42 20674 42 20782 42 20762 42 20350 03 21632 59 20258 12 18542 85 17204 53 16332 79 16437 79 22895 65 22613 89 22633 89 21213 89 21756 39 21876 39 21901 39 21751 39 21757 39 21763 39

20

21573 39
21591 39
28049 25
27115 65
25695 36
23967 52
22640 8
22439 2
22394 26
22103 3
21023 3
18 92 21042 22
40 91 21083 13
27540 99
27330 69
26346 39
25325 97
24081 83
23210 09
23210 09
23210 09
0 0 2986 64 0 0 0 0 23210 09

Alex Godfrey 20 Bramely Close Cogenhoe NN7 1ly

25.02.25

To the Cogenhoe Preschool Committee

I have carried out a financial audit of the preschool accounts for the financial year 1[st] September 2023-31[st] August 2024 and am pleased to report that the accounts appear to in a sound order.

I carried out random checks throughout the years accounts on bank deposits and invoices and can confirm there is a clear accounting function and is easy to cross check.

It’s great to see the finance bounce back from the previous year, with a profit of over £20k its shows the team have put in place robust solutions to ensure the funds are in place for coming years,

The Preschool’s bank balance looks very resonable .With the incoming changes to law with increase in living wage and national insurance increase its a clear indicator that every step should still be considered to ensure a manged income is kept to the same level

Regarding any advice, ensuring any general expenditure is looked at and funds are there to ensure the doors are kept open

Alex Godfrey

BD Agency & Design ltd Managing Director