## **St. Michael’s Pre-School Financial Report for the Year Ending 30[th] September 2020** These accounts for the year ending 30[th] September 2020 have been produced for presentation at the AGM on 21[st] October 2020. As at 30[th] September 2020 the book balance of monies held by the Pre-School are following amounts Lloyds Bank Treasurers Current Account 5,637 Lloyds Deposit Account 12,330 Operating cash income held 32 Fundraising Account held at bank 3,972 Lloyds 32 day notice account 30,203 Lloyds 12 month fixed term account 40,000 **Giving total cash assets of 92,174** In addition to this the Pre-school has debtors of 1,736 **Giving total current assets of 93,910** However, there are current liabilities amounting to 1,213 **Resulting in net working assets of 92,697** To this figure is added the net book value of the building, fixtures and fittings and equipment totalling 210,963 **Giving Net Assets of 303,660** The Pre-school holds two high interest accounts:- - a 32 day notice account into which £30,000 was originally invested and which accrues interest on a monthly basis the balance now standing at £30,203. - During the course of this financial year the 12 month fixed term account, into which £30,000 was originally invested, matured on 18[th] May 2020 returning interest of £347.On maturity the Trustees invested the original capital investment amount plus £10,000 into another 12 month fixed term account which will mature on 18[th] May 2021. It is within these funds that building repairs and renewal amounts are held The Receipts and Payments account shows the operating income and expenditure for the year. During the financial year the group income has exceeded expenditure giving a surplus figure of £1,836. ## **Accumulated fund** Whilst the pre-school is in a good financial position it should be noted that of the accumulated fund figure certain amounts are required to be held in the event of closure. These amounts are for |amounts are for|| |---|---| |Redundancy and in lieu of notice payments|£30,000| |Reimbursement of grant and fees|£11,000| |Building disposal and making good the land|£15,000| |Building Repairs and Renewal Contingency|£30,000*| |Fundraising|£2,454| |EYPP Balance of funding|£-368| *(increased by £10000/annum) Also, within the accumulated fund, as agreed by previous committees, fundraising and donations in the year will be held in reserved amounts within the accumulated fund. At this point in time only the fundraising account holds a reserve of £2,454. Therefore, the general fund amount carried forward is £4,563. ## **Fund Raising** Income and expenditure by event is reported as follows:- |**Description**|**Spend**|**Income**|**Profit**| |---|---|---|---| |**Christmas cards**|||| |Christmas cards Fund Raising||192|| |Christmas cards funded from EYPP money||40|| |Christmas Cards for Schools - Bill 198868|199||33| |**Nativity DVD**|||| |DVD moneyFund Raising||13|| |DVD cash income Fund Raising||124|| |DVD cheque income Fund Raising||75|| |transferred from EYPP spend - cost of 2 dvds||25|| |JD Video - Bill 249 Fund RaisingSpend|300||| |Dvd Fund Raising||12|| |DVD income Fund Raising||38|-14| |**Nativity Raffle**|||| |Remmer Print - Bill Xmas raffle tickets|41||| |Xmas rafflepostage Fund RaisingSpend|24||| |nativityraffle Fund Raising||352|| |nativityrefreshments Fund Raising||3|| |Raffle tickets Fund Raising||10|300| |**Nativity event**|||| |nativity programmes Fund Raising||42|| |NativityChoc tombola Fund Raising||44|| |Nativitywine & water Fund Raising||92|| |nativity100 square Fund Raising||225|| |nativity100 square Fund Raising||10|413| |**Tea Towels**|||| |T Towel income Fund Raising||5|| |Tea Towel Fund Raising||5|| |Tea Towel income Fund Raising||200|| |---|---|---|---| |from EYPP for tea towels||10|| |Countryside Art Tea Towels - Bill 65376|218||2| |**Non event income inyear**|||| |Covid Closure fee refunds not claimed||252|| |Change not required Fund Raising||1|| |Fee overpayment allocated to fundraising||1|| |Photographycommission Fund Raising||223|| |Credit Note bill refund Fund RaisingSpend||35|511| |**Non event spend inyear**|||| |Wooden Stable Fund RaisingSpend|15||| |debit cardpayment - Bill Lidl Fund RaisingSpend|36||| |St Christopher's Dressingupclothes|18||| |Sonja Kotevska Expenses - Bill Lidl|25||| |debit cardpayment - Bill Bythe way|21||| |debit cardpayment - Bill Sainsbury|9||| |Ikea Ltd 264 Brist Cd 5341|61||| |Sainsburys Cd 5341 Fund RaisingSpend|22||| |Sainsburys Cd 5341 Fund RaisingSpend|17||| |flowers for staff memberqualification|40||| |Xmas tree resources Fund RaisingSpend|30||| |debit cardpayment - Bill SainsburyFund RaisingSpend|50||| |debit cardpayment - Bill Ikea Fund RaisingSpend|96||| |Sharpham Park Reta Cd 5341 15 Mar20 toys|39||| |Tesco Store 3316 Cd 5341 Fund RaisingSpend|30||| |debit cardpayment - Bill Budgens Fund RaisingSpend|5||| |equipmentpurchased from fundraisingmonies|436||| |Ikea Ltd 264 Brist Cd 5341 Fund RaisingSpend|234||| |Ikea Ltd ShopOnli Cd 5341 Fund RaisingSpend|317||| |Ikea Ltd ShopOnli Cd 5341 Fund RaisingSpend|233||| |debit cardpayment - Bill B&QFund RaisingSpend|10||| |Ikea Ltd 264 Brist Cd 5341 fundraisingspend|58||| |Thankyougift forperson helpingwith equipment build|24||| |Thankyougift for dapbagmaking|19||| |debit cardpayment - Bill toyBBQFund RaisingSpend|15||| |Notonthehighstreet Cd 5341 Fund RaisingSpend|21||| |Notonthehighstreet Cd 5341 Fund RaisingSpend|52||| |debit cardpayment - Bill Ikea Fund RaisingSpend|76||| |Sainsburys Cd 5341 27 Sep20 Fund RaisingSpend|50||-2057| |**Totals**|**2840**|**2027**|**-813**| The majority of the non-specific expenditure has been used to purchase new play equipment for the children. Although fundraising activities were somewhat curtailed during the course of the year an income of £2027 is extremely good and thanks are given to Lucy O’Leary, the Trustees and supporters on another successful fundraising year. Ln 2 ¥, #' aa¥% Igii i-llgi Ilf NW ¢r* L¥wwO • 10 O Ln Cll SL Mkha•f• pr￿SChool Clwrity c￿MI¢s1on Regi8trallon Numbor 1029196 Balan￿ 8he•t lor tho Y•ar •ndlng 301h 8•ptsmb•r 2020 201￿020 2018119 FI￿￿ A8gets Bulklinu Flxtur•• & Frttlry C¢>mputer equIpir￿tt Prfntw• Year 3 Year 3 Yw3 Y•8r 2 NBV 16954 209093 1870 N8V 226047 11302 214746 4674 1870 2804 600 600 405 14077 217953 4674 21(*7 21W3 232030 Uoyd• Depos￿ Account Fund R4•lng Acc C••h In￿ LW8 32 day nL*k• aCC￿nt 5637 14876 2138 26 3¢X184 3972 30203 40000 92174 1738 pr￿ 79811 6142 93910 84763 Currwrt lI￿l￿e8 1213 1213 881 92897 303060 83872 301 826 nmd by ¥nul4t•d FLmd M at 1•1 O¢tdxr2018 G•n•rnl fund adjustment for twthrca* of ￿lId lknbllll•• n•t current In t￿ prnv fy •d￿ts￿1rt m d•bkn• bffr(Yn 2017118 8urplu• Incom• o¥•r Exp•n￿￿re g•iw•l fvnd 301825 301825 1836 289274 12551 303660 301825 Camed for*Ard G•n•r•l fund 210 217953 R•pak• and ron*4val8 conthigw (*¢ty￿OK Clo8ure CO*￿RedundafrW R•dundarw & rK Relmbur80mwrt ofgrant and feel Bulldlng di4po8al & n*irg gcA>l Fundrathg 11000 23000 11000 •urpfu• kn currorrt 368 83872 303860 CHARITY COMMISSION FOR ENGLANO ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to tho tru8tee81 members of C..-:afty N8ir8 St. Michael's Pre-school On accounts for tho year ended 30° September 2020 Charity no Ilf any) 145821 Set out on pages Iremen)i*F io the pa9$ nu￿&r$ of *Jilion81 $h•etsl I report to the trustees on my examination of the accounts of the abova charity ('the Trust.) for th8 year ended 30 109 12020. Re8pon$lbllltle8 and basls of report As the charity's truste88, you are responslble for the preparation of the counts in accordance with the requirements of the Chariti8s Act 2011 Cthe Alf). I report In respact of my examination of the T￿￿t'S accounts carried out under Section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charty Commigsion under section 145(5)(b) of the Act. Independent tThe chanty's gross income exceeded £250,000 and l am qualified to oxamlnerf8 Statsment undertak8 the examination by being a qualified member of lin8ert nam8 of applicable Ilsted body]]. De18t81 l if nof applicable. I have completed my examination. I confinn that no material matters have come to my attention in connedion with the examination (other than that disc108ed tolow") which give8 me cau8e to b8li8ve that in. any material respect: the occounting re￿rdS I￿re not kept in accordance ¥￿th 8ectlon 130 of the Charftkqs Act. or the accounts did not accord with the accounting records. or the accounts did not comply wth the applicable requirements conceming the form and content of accounts set out in the Charitie8 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have ￿rne across no other matters in connection with the examination to which attention should be drawn in this report in txder to enable a proper understanding of the accounts to be reach￿1. ' Please delete the ￿ in the brackets rfthey do not apply. Slgned: Date: Namo: C4¥ ,¢LS Relevant profossional qualificationls) or body IFR Oet 2018 (11 any): Addr083: fko I I 0¥￿￿)/1 oz Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners}. Glve here brlef detalls of any Items that the examlner wl8he8 to d1•cl￿a.