Plymtree Preschool AGM - 25 September 2024 Treasurerfs Report September 2024 Plymtree Preschool accounts have been prepared on a receipts and payments basis for the 12 months ending 31 March 2024. These have been subject to an Independent Examination before Submission to the Charity Commission by 31 January 2025. The committee has agreed for this to be carried out by SMV Associates. Highlights from the 2023124 account: Total Receipts Total Payments £45886.16 £48615.49 Deflclt £2729.33 Points to note: Total receipts were £45886.16 compared to £47194.47 in 2022/23 EYF income is down by £3116.21 in this year which reflects the lower numbers of children on roll for the year. Fundraising income is lower this year. The disco held in February was a great success but there was little interest in Race Night this year which is usually a very good fundraiser for the Preschool. Our fundraising activities generated an additional £2108.18. Unfunded fee income has been closely managed and unpaid fees for this year are nil o The cumulative effect is a small deficit which is closely linked to the number of children on roll. Total payments were £48615.49 which is up very slightly from £48533.01 last year o We have continued to provide the children with regular East Devon Dance sessions which the children really enjoy. The committee have agreed for these costs to continue based on the current financial situation. o Rent has increased by £153. Our biggest outgoing is wages and these have increased to a cost of £39565.27. The wage cost has increased due to a rise in national minimum wage and retention of our well qualified and experienced team. Fundraising Fundraising has been more difficult this year. There was little interest in Race Night which usually generates a good profit. However, the disco held in its place was very successful raising £531.00 The Christmas Fayre was also a great success raising £962.90 Bags 2 school raised £175.00
Position at September 2024 th On 25 September 2024, Plymtree Pre-school remains financially stable with current bank balances of: Current Account: Redundancy reserve Contingency Account £13546.15 £10351.86 £15377.89 Implications for accounts to note for the current year: Due to the success of East Devon Dance, the committee has agreed to continue with this external supplier for this academic year. This will be regularly reviewed in line with number of children on role. In this current year we have added a sustainability fee and this will help to cover increase in costs of the setting moving forward. We are also now taking children from the term after their 2nd birthday. As Treasurer, I would once again like to thank the highly motivated and dedicated members of the pre-school staff and committee who have worked hard to raise funds to further enhance the setting and learning experiences of the children. Felicity Handel - Treasurer
Plymtree Preschool - Summary Treasurer's Report Year ended 31 March 2024 Charity number . 1029330 Income and expenditure account 2024 2023 Receipts Fees received EYF received 10,775.80 32,821.80 6,944.70 35,938.01 43,597.60 42,882.71 Other income Uniform sales Fundraising111 Donations received Bank interest Other income 13.50 4,001.63 1.00 227.13 68.50 1,955.64 95.00 180.38 57.54 2,288.56 4,311.76 Total receipts 45,886.16 47,194.47 Payments Direct purchases {fees and funding) Equipment repairs and renewals Activity expenses Consumables Food and drink 279.00 1,853.28 4.46 344.34 2,292.28 18.65 302.08 2,481.08 2,613.01 Direct purchases (other income) Outside agencies for setting activities Outing expenses 340.00 240.00 210.00 340.00 450.00 Establishment Rent 2,583.00 2,430.00 Labour Wages Uniform Training DBS expense 39,565.27 39,344.94 196.50 150.00 122.98 168.10 39,856.35 39,691.44 Administration Insurance Stationery, post and advertising Website Subscriptions Accounts and payroll 896.09 263.00 68.76 227.86 1,382.40 855.21 224.28 319.29 498.00 2,838.11 1,896.78 Page I
Plymtree Preschool - Summary Treasurer's Report Year ended 31 March 2024 Charity number: 1029330 2024 2023 Other expenses Gifts (Leavers) Other expenditure121 115.69 401.26 530.97 920.81 516.95 1,451.78 Total payments 48,615.49 48,533.01 SURPLUS/ (DEFICIT) {2,729.33} {1,338.54} STATEMENT OF ASSETS AND LIABILITIES SUMMARY Opening balance of assets 39,244.27 40,582.81 Surplus / Ideficitl 12,729.331 11,338.541 Closing balance of assets 36,514.94 39,244.27 BREAKDOWN Statement balance of Coop deposit plus Le55 Outstanding cheques Plus deposits outstanding Accounting balance in Coop deposit plus account Balance in Coop deposit (redundancy account) Contingency Fund Cash in Treasurer petty cash Cash in staff petty cash Closing balance of a55ets 10,603.43 13,512.72 10,603.43 10,268.20 15,253.61 387.12 2.58 36,514.94 13,512.72 10,195.63 15,145.80 387.42 2.70 39,244.27 Page 2
Plymtree Preschool - Summary Treasurer's Report Year ended 31 March 2024 Charity number , 1029330 INCOME AND EXPENDITURE ANALYSIS 2024 2023 l Fundraising income Sponsored event Christmas Fayre Easter picnic Nativity donations and raffle Bags 2 School Sponsored walk Disco Other fundraising Tea Towels Race Nights Cully candles 543.75 1,274.80 458.75 8.00 loo.00 175.00 605.00 460.00 198.89 31.66 30.00 2,021.42 40.00 10.00 1.955.64 4,001.63 2 Other expenditure Summer Fayre Christmas Fayre expenses Race Nights expenses 159.12 242.14 131.70 789.11 920.81 401.26 Page 3
Independent examiner's report to the trustees of Plymtree Pre-school Charity number: 1029330 Year ended 31 March 2024 I report to the trustees on my examination of the accounts of the above charity I'the Trust'l for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation 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 all the applicable directions given by the Charity Commission under section 145151{bl 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 l The accounting records were not kept in accordance wrth section 130 of the Charities Act; or 2 The accounts did not accord with the accounting records; or 3 The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed Date .' Lliaf L4 Name . Shaun Mark Vickery FCCA CTA Page 4