## **St. Michael’s Pre-School Financial Report for the Year Ending 30[th ] September 2024** These accounts for the year ending 30[th ] September 2024 have been produced for presentation at the AGM on 16[th] October 2024. ## **Receipts and Payments Account** The Receipts and Payments account shows operating income of £146,052 and expenditure of £148,266 for the year. During the financial year the group income has therefore been insufficient to cover expenditure giving a deficit figure of £2,214. However, of this figure £5651 is depreciation on fixed assets giving a running cost surplus of £3,437. ## **Balance Sheet** The value of fixed assets of the group are all in the building, all other items having been fully depreciated. Due to the type of building depreciation is based on a life expectancy of 40 years, using the straight line method, therefore depreciation is calculated as 2.5% of the building at cost with a zero salvage value. As at 30[th ] September 2024 the book balance of monies held by the Pre-School are following amounts Lloyds Bank Treasurers Current Account 1955 Lloyds Deposit Account 17836 Operating cash income held 62 Fundraising Account held at bank 3889 Lloyds 32 day notice account 57,562 Lloyds 12 month fixed term account 20,000 **Giving total cash assets of 101,304** In addition to this the Pre-school has debtors of 434 **Giving total current assets of 101,738** However, there are current liabilities amounting to 1974 **Resulting in net working assets of 99,764** To this figure is added the net book value of the building, fixtures and fittings and equipment totaling 186,489 **Giving Net Assets of 286,253** 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. Since opening the account a further £25,000 has been moved into the 32 day notice account. With interest accrued the balance now stands at £57,562. During the financial year the interest rate, which is variable, has automatically increased and monthly interest payments have fluctuated between £118 and £133 per month. Interest is calculated on a daily basis. - Brought forward from the previous financial was £20,000 invested in a 6 month fixed term account, maturing in February 2024 realising interest of £335 which was automatically transferred into the Deposit account. The capital amount of £20,000 was reinvested in a fixed term account, account at an interest rate of 4.37%, maturing on 25[th] June 2025, with a projected return of £1,190. It is within these two accounts that the building repairs and renewal contingency and closure costs/redundancy amounts are held. ## **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 |Staff redundancy and in lieu of notice payments|£36,194| |---|---| |Reimbursement of grant and fees|£10,863| |Building disposal and making good the land|£21,0001| |Building Repairs and Renewal Contingency|£70,0002| 1Last increased September 2023 and required as stipulated by Wiltshire County Council 2(increased by £10,000/annum) As agreed by previous committees, accumulated fundraising surplus is held in reserved amounts within the accumulated fund and adjusted by any in year surplus or deficit. The balance bf from the previous fy was £4, with a surplus within the current fy of £2,267 leaving a balance held within accumulated fund of Fundraising £2,271 In addition to this Government grant funds for EYPP and ISF are ringfenced for the children the amounts are allocated for and surplus amounts must be carried forward as follows EYPP £658 ISF £568 Therefore, the general fund amount carried forward is now in a minus figure of £41,790 (2022-2023 figure minus £30,849). Whilst an enforced closure without being able to take advantage of insurance cover is highly unlikely and at the moment any shortfall in amounts held could be covered by the Repairs and Renewals contingency, a continuing increase in the general fund deficit could result in placing future trustees at risk of having to cover any shortfall from their personal funds. **Fund Raising -** Income and expenditure in the year is reported as follows:- |**Fund Raising -**Income and expenditure in the year is reported as follows:-
|||| |---|---|---|---| |**Description**|**Income**|**Spend**|**Surplus**| |**Christmas card income**
Christmas Cards for Schools - Bill 11180 Fund RaisingSpend|340|267.06|72.94| |**Nativity DVD Income**
Era Video & Photographic Services - Bill 2896 Fund RaisingSpend|186|339|-153.00| |**Autumn term raffle income**
Autumn term raffle spend - on ticketprinting|432|67|365.00| |**Nativity fund raiser income**
Nativityfund raiser costs|237.86|54.36|183.50| |**Photo commission Fund Raising**|115||115.00| |**Easter Quiz Fund Raising**|100||100.00| |**Mobile Cheque Nametags Commissio Fund Raising**|43||43.00| |**Fete Income**
Fete spend|2311.2|191.57|2119.63| |**Tea Towel income**
Tea Towel Spend|222|244.2|-22.20| |**Donations - Wessex Water(£100) and unclaimed credit notes for covid closure week**|192.5||192.50| |**Purchases allocated to fundraising spend during year - ie equipment, flowers, gifts etc.**||749.51|-749.51| |**Surplus fundraising income over spend**|**4179.56**|**1163.19**|**2266.86**| ## St. Michael's Pre-school, Hilperton Receipts and Payments Account for the period 1st October 2023 to 30th September 2024 |||||||||||||||||~~**True Year**~~|~~**True Year**~~||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||**adjust-**|**True Year**||||||||**adjust-**|||**End**||| |**Receipts**||**2023-2024**|||**ments**|**End Figure**||**2022-2023**|||**Payments**|**2023-2024**|||**ments**||**Figure**|**2022-2023**|| ||||£||||||£||||£||||||£| |Fees**||£|24,245
|£|113
|£|24,358
|£|29,714
||Salaries|£|108,899
|||£|108,899
|£|107,950
| |WC Grant Funding||£|106,003
|||£|106,003
|£|99,636
||Employers NI|£|894
|||£|894
|£|-
| |Registration fee||£|450
|||£|450
|£|250
||Pension (NEST)|£|1,852
|||£|1,852
|£|1,580
| |Milk Grant||£|818
|||£|818
|£|742
||Cleaning hours|£|-
|||£|-
|£|-
| |Fund Raising||£|4,179
|||£|4,179
|£|3,276
||Staff Training|£|1,618
|||£|1,618
|£|2,410
| |Sundry||£|-
|||£|-
|£|-
||Staff Refreshments|£|9
|||£|9
|£|5
| |Interest Received||£|1,853
|||£|1,853
|£|1,466
||Finance Management Fees|£|4,796
|||£|4,796
|£|4,729
| |Training||£|-
|||£|-
|£|-
||consumables|£|4,439
|||£|4,439
|£|6,165
| |Trips||£|340
|||£|340
|£|335
||Equipment|£|636
|||£|636
|£|785
| |Snack Income||£|3,690
|||£|3,690
|£|3,522
||Printer consumables|£|665
|||£|665
|£|557
| |EYPP Grant||£|869
|||£|869
|£|427
||Internet & Telephone|£|543
|||£|543
|£|488
| |Uniform Income||£|95
|||£|95
|£|559
||Snacks|£|1,844
|||£|1,844
|£|2,060
| |Donations Received||£|658
|||£|658
|£|-
||Milk spend|£|862
|||£|862
|£|915
| |PPE Income||£|-
|||£|-
|£|-
||Insurance|£|1,188
|||£|1,188
|£|1,132
| |ISF Income||£|1,800
|||£|1,800
|£|-
||Subscriptions|£|528
|||£|528
|£|513
| |Free School Meal Income||£|940
|||£|940
|£|720
||Staff uniform|£|231
|||£|231
|£|-
| |Grants||£|-
|||£|-
|£|-
||Uniform spend|£|-
|||£|-
|£|217
| |rounding adjustments||-£|1
|||-£|1
|£|1
||Trips Spend|£|655
|||£|655
|£|675
| ||||||||||||EYPP spend|£|307
|||£|307
|£|410
| ||||||||||||ISF Spend|£|1,800
|||£|1,800
|£|-
| ||||||||||||PPE Spend|£|-
|||£|-
|£|-
| ||||||||||||Free School Meal spend|£|940
|||£|940
|£|720
| ||||||||||||DBS checks|£|356
|||£|356
|£|136
| ||||||||||||Bank/finance charges|£|-
|||£|-
|£|-
| ||||||||||||Bad Debts Written Off|£|-
|||£|-
|£|29
| ||||||||||||Building & Grounds Maintenance|£|1,852
|||£|1,852
|£|1,819
| ||||||||||||Electricity|£|2,542
|||£|2,542
|£|2,539
| ||||||||||||Refuse Collection|£|666
|||£|666
|£|621
| ||||||||||||Buildings Insurance|£|1,441
|||£|1,441
|£|1,335
| ||||||||||||Water Rates|£|565
|||£|565
|£|375
| ||||||||||||Lease Costs|£|575
|||£|575
|£|550
| ||||||||||||Donation spend|£|-
|||£|-
|£|-
| ||||||||||||Sundries|£|-
|||£|-
|£|-
| ||||||||||||Depreciation|||£|5,651
|£|5,651
|£|5,651
| ||||||||||||COVID-19 small business grant spend|£|-
|||£|-
|£|-
| ||||||||||||Fund Raising spend|£|1,912
|||£|1,912
|£|2,294
| ||||||||||||Grant Spend|£|-
|||£|-
|£|-
| ||||||||||||Rounding adjustments|£|-
|||£|-
|£|-
| |**Total**||**£**|**145,939**
|||**£**|**146,052**
|**£**|**129,608**
||**Total**|**£**|**142,615**
|||**£**|**148,266**
|**£**|**146,660**
| |**Income over Expenditure**||||||**-£**|**2,214**
||||**Fundraising income over expenditure**|||||**£**|**2,267**
||| |**** adjusted for fee inco**|**me un**|**der re**|**orted in**|**pre**|**vious fy**||||||113
£||||||||| - **** adjusted for fee income under reported in previous fy** **St. Michael's Pre-School Charity Commission Registration Number 1029196 Balance Sheet for the Year ending 30th September 2024** |**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**|**St. Michael's Pre-School**
**Charity Commission Registration Number 1029196**
**Balance Sheet**
**for the Year ending 30th September 2024**| |---|---|---|---|---|---|---| |**Fixed Assets**
Building
Year 7
Fixtures & Fittings
Year 7
Computer equipment
Year 7
Printers
**Current Assets**
Lloyds Treasurers Account
Lloyds Deposit Account
Fund Raising Account
Cash income
Lloyds 32 day notice account
Lloyds fixed term account
Plus Debtors
**Current liabilities**
Creditors
**Net Assets**
**Financed by**
Accumulated Fund as at 1st October 2023
Surplus Income over Expenditure general fund
**Carried forward**
Fixed Assets
General fund
**Reserved funds**
Repairs and renewals contingency(Inc by £10K p/a)
Closure costs/Redundancy
Redundancy & notice
Reimbursement of grant and fees
Building disposal & making good
Fundraising
bf
4
surplus in current year
2,267
£
Other specific reserved funds (donations)
EYPP
ISF|£
**At cost**
226047
4674
500
809|£
**Dep**

39558

4674

500

809
2023-202|£
**NBV**

186489

0

0

0
4|£
**At cost**
226047
4674
500
809|£
**Dep**

33907

4674

500

809
2022-202|£
**NBV**

192140

0

0

0
3| ||232030
1955
17836
3889
62
57562
20000|45541








101738

1974|186489


99764|232030
8978
5324
2888
1201
56222
20000|39890








97338

1011|192140


96327| ||101304
434|||94613
2725||| ||1974|||1011||| ||-41790
70000
36194
10863
21000
2271
658
568
0|||-30849
60000
35387
10779
21000
4
0
6
0||| |||288467
-2214|||294479
-6012|| ||||**286253**|||**288467**| |||||||| |||186489









99764|**286253**||192140









96327|**288467**| |||||||| ||||**286253**|||**288467**| |||||||| - Building disposal and making good figure increased as at September 2023 in line with recommended figure advised by Wiltshire Council - approved by Treasurer - ** Other specific reserved funds cf figure journalled to fundraising increasing surplus - approved by Treasurer Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Examiner's Report Report to the trusteesl members of St. Michael's Pre-school On accounts for the year ended Charity no (if any) 30th September 2024 1029196 Set out on page8 Respectlve The chariV8 trustees are responsible for the pr8paratlM of the ￿CoUnts. The charitys trustées Consider re8ponslbllitie that an audit is not required for this year under sects'on 144 of the Chariti8$ Act 2011 (Ihe Charities Acn 8 of tru8te88 and that an independent examination is needed. ￿he charity's gross income exc88ded £250,000 and l am and examlnor qualified to undertake the examination by being a qualsfied member of Inamed bodyll. Delete l ] if not applicable. It18 my responsibilty to: examine the accounts und8r section 145 of the Charrtles Act. lo follow the procedures laid down in the general Directrons given by the Charfty Comm1851on {under Section 145(5)(b) of the Chanties Act, and to state vthether particular matters have come to my attentlon. Ba8ls of Independent examinerfs statement My examination was carrled out in accordance with general Directions given by the Charrty Commission. An examination inGludes a review of the accounting records kept by the charity and a comparison of the accounts p￿sented with those records. It also includes consideration of any unusual items or disclosures In the accounts, arKJ seeking explanations from the trust888 ￿nCernIng any such matters. The procedures undertak8n do not provide all the evidencè that would be required in an aLKlit, and consequently no opinion 18 given as to whtsrther the accounts present a 'true and fairf view and the report is limited to those matters 88t out in the statement below. Independent In conn8Ction with my exarninatlon. no matter has come to my attention (other than that disclosed below examiner's which gives m8 reasonable cause to believe that in. any material respect, the requirements.. 8tatement to keep accounting record8 in accordance with section 130 of the Charities Act; and to prepare accounts vthich accord wtth the a¢countiThJ records arKI comply with the accounting requirements of Ihe Chartties Act have not been met: or 2. to which. in my opinion, attention should be drawn in wler to enable a proper understandlng of the accounts to be reached. ' Please dolole tha Kin3Ts in the br8ckets rfthoy do not apply. Signed: Date: zElI l?r Name: Adrienne Wyllie Relevant professional qualification(s) or body (if any): FIAB fpf Address: On Balance Business Services 30 Hutton Close BA14 7WW IER Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. accounting records have not been kept in accordance with s132 of the Charities, Act 2011 and those accounts do not comply with the requirements of the 2008 Regulations setting out the form and content of tharlty accounts; any Material expenditure or attion which appear5 not to be in accordan￿ with the trusts of the charity; any failure to be provided with information and explanations by any past or present trustee. officer or employee; and any material conslstency between the accounts and the tru5tees' annual report.) IER Give here brief detsils of any items that the examiner wishes to disclose. IER