Treasurers Report
2023/2024
Financially this has been a very positive year for the preschool.
In the 23/24 school year we had a surplus of £14k compared to £7k deficit last year and ended the year with a bank balance of £32k. This is an adequate bank balance (recommended balance for a setting of this type is the equivalent of approx. 3 months wages). Any available funds are invested back into the preschool in equipment, training and staffing.
The management team have worked hard during the year to ensure rosters are appropriate to ensure children are safe and receiving excellent care whilst at the pre school but at the same time adjusting staff hours in line with numbers of children where possible to reduce outgoings. Fees have been increased at the lowest level possible and the government funding is only ever paid with minimum (if any) increase each year.
Little Spinnakers Pre-school
Income/Expenditure Statement for the period 1/8/2023-31/8/2024
| Income Portsmouth City Council (NEG funding) Fees Fundraising Total Income Expenditure Staff Wages Pension Rent Insurance/Fees Equipment/Educational Materials Training Phone/Internet Accountants fees School trips/Visitors PRS Uniforms Total Expenditure Net Surplus Bank balance 01/09/23 Bank balance 31/08/24 Net Surplus |
£ 189,977 18,191 1,016 |
|---|---|
| 209,184 | |
| 162,831 3,769 13,366 852 7,647 1,380 1,514 2,921 157 131 215 |
|
| 194,783 | |
| 14,401 | |
| 17,726 32,127 14,401 |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Little Spinnakers Pre School On accounts for the year 31/8/2024 Charity no 1028045 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 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 examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention 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
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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.
Date: 30/05/2025 Signed: ~~oe~~ Name: LOUISE ETHERINGTON ACMA CGMA ~~Po~~ Relevant professional CIMA QUALIFIED (ACMA CGMA) qualification(s) or body (if any): Address: 25 Mayles Road Southsea PO4 8NP
1
October 2018
IER