CHARITY NUMBER: 1029726 Hatchell Wood Pre-School
Annual General Meeting N/A
’ - Accountant s Report for the Period 01.08.21 31.07.22
Account balances
The balances on the accounts were as follows:
Opening balance Closing balance (31.07.22) (01.08.21) Current account £94847.43 £115894.95 Reserve account £ 0.17 £0.17
Grant funding and fees
Grant funding and fees received in the financial year amounted to £116210.32. Overall an increase of 8.2% compared to last year.
Fund-raising activities
Fundraising raised a total of £332.52 from Easy Fundraising UK, £93 from the sale of school photographs, £15 uniform sales and £15 from snack donation.
Staf wages
All members of staff are on the National Living Wage age-appropriate, with exception of the Supervisor who is salaried. There was one new member of staff employed during the year and no leavers.
Wages represented the highest single expenditure incurred by the pre-school amounting to £81,246.45. This figure included employee NIC, tax and pension contributions. This was a considerable increase of 16.66% on last year’s wages.
Other issues
The income and expenditure account shows a surplus of £13999.92 this year, compared to last year’s surplus of £19447.40. 69.91% of total income received was spent on wages this year, compared to 64.85% the previous year.
There was an increase of 5.75% in rent paid.
The combined figure of £6602.22 comprised of equipment/ books and stationery/ general administration. This represents 5.68% of total expenditure, compared to 3.79% last year. The figure consisted of small individual purchases.
The tangible assets listed on the balance sheet were the refurbishment applied to the extra room used by pre-school as an office/staff room, now in the ninth year, a new computer purchased in October 2012 and a new touch screen computer purchased in January 2014. Depreciation using the reducing balance method is applied at 25%.
CHARITY NUMBER: 1029726
HATCHELL WOOD PRE-SCHOOL
PLUMPTON PARK ROAD BESSACARR DONCASTER DN4 6SL
FINANCIAL STATEMENTS FOR THE YEAR ENDED
Jul 31, 22
PREPARED BY:
MELLOR-WRIGHT ACCOUNTING
5 PEACOCK LANE CINDERFORD GLOS
GL14 3ET
HATCHELL WOOD PRE-SCHOOL
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED
###
CONTENTS
Income and expenditure account
Balance sheet
Notes to the accounts
Accountant's report
PAGE
HATCHELL WOOD PRE-SCHOOL
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED
Jul 31, 22
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Fees/grants | 115754.80 | 106845.63 | ||||
| Fundraising activities | 332.52 | 367.00 | ||||
| Photos | 93.00 | 156.00 | ||||
| Jumper sales | 15.00 | 22.50 | ||||
| Snack donation | 15.00 | 0.00 | ||||
| 116210.32 | 107391.13 | |||||
| Wages & PAYE | 81246.45 | 69643.25 | ||||
| Accounts/payroll services | 1550.00 | 1550.00 | ||||
| Rent | 8931.00 | 8445.00 | ||||
| Equipment & books | 2907.15 | 2201.58 | ||||
| Stationery & general admin | 3695.07 | 1866.59 | ||||
| Training costs | 624.00 | 374.80 | ||||
| Uniform | 319.29 | 521.04 | ||||
| Insurance | 834.52 | 820.51 | ||||
| Subscriptions/professional fees | 450.00 | 831.64 | ||||
| Petty cash expenditure | 0.00 | 353.17 | ||||
| Sundries | 1434.89 | 1045.44 | ||||
| Depreciation | 218.03 | 290.71 | ||||
| 102210.40 | 87943.73 | |||||
| SURPLUS/(DEFICIENCY) | 13999.92 | 19447.40 |
Prepared by:
MELLOR-WRIGHT ACCOUNTING 5 PEACOCK LANE CINDERFORD GLOS GL14 3ET
-1-
HATCHELL WOOD PRE-SCHOOL
----- Start of picture text -----
BALANCE SHEET
AS AT
Jul 31, 22
Note
2022 2021
£ £ £ £
FIXED ASSETS
Tangible assets 1 654.06 872.09
CURRENT ASSETS
Wages account 13623.34 20557.72
Cash at bank 115894.95 94847.43
Reserve account 0.17 0.17
Credit card 0 49.21
Cash in hand 266.25 112.23
129784.71 115566.76
CURRENT LIABILITIES
Accrued expenses 175.00 175.00
175.00 175.00
NET CURRENT ASSETS ### 115391.76
NET ASSETS ### 116263.85
FINANCED BY:
CAPITAL ACCOUNT 2 130263.77 116263.85
Prepared by: MELLOR-WRIGHT ACCOUNTING
5 PEACOCK LANE
CINDERFORD
GLOS
GL14 3ET
----- End of picture text -----
-2-
HATCHELL WOOD PRE-SCHOOL
WORKINGS TO THE ACCOUNTS
Jul 31, 22
TANGIBLE ASSETS
| Note 1 TANGIBLE ASSETS COST As at 31 July 2021 Additions Disposals As at 31 July 2022 DEPRECIATION As at 31 July 2021 Charge for year On disposals As at 31 July 2022 NET BOOK VALUE As at 31 July 2022 As at 31 July 2021 Note 2 CAPITAL ACCOUNT Balance b/f SURPLUS/(DEFICIENCY) Balance c/f |
FIXTURES/ FITTINGS TOTAL £ 872.12 872.12 |
|---|---|
| 872.12 872.12 |
|
| 218.03 218.03 |
|
| 218.03 218.03 |
|
| 654.09 654.09 |
|
| 872.12 872.12 |
|
| 116263.85 13999.92 130263.77 |
-3-
HATCHELL WOOD PRE-SCHOOL
Accountants' Report
We have prepared the attached accounts from the books of account and other information given to us, and certify them to be in accordance therewith. We have not carried out a full audit.
SIGNED …………………………
DATE …………………
Proprietor's Approval of Accounts
I approve the attached accounts for the year ended……………. Set out on page 1 to 3 and confirm that I have made available all relevant records and information for their preparation and give my authority for them to be submitted to the Inland Revenue.The Charities Commission and HMRC.
SIGNED …………………………
DATE …………………
MELLOR-WRIGHT ACCOUNTING 5 PEACOCK LANE CINDERFORD GLOS GL14 3ET
-4-
CHARITY NUMBER: 1029726 Hatchell Wood Pre-School
Annual General Meeting N/A
’ - Accountant s Report for the Period 01.08.21 31.07.22
Account balances
The balances on the accounts were as follows:
Opening balance Closing balance (31.07.22) (01.08.21) Current account £94847.43 £115894.95 Reserve account £ 0.17 £0.17
Grant funding and fees
Grant funding and fees received in the financial year amounted to £116210.32. Overall an increase of 8.2% compared to last year.
Fund-raising activities
Fundraising raised a total of £332.52 from Easy Fundraising UK, £93 from the sale of school photographs, £15 uniform sales and £15 from snack donation.
Staf wages
All members of staff are on the National Living Wage age-appropriate, with exception of the Supervisor who is salaried. There was one new member of staff employed during the year and no leavers.
Wages represented the highest single expenditure incurred by the pre-school amounting to £81,246.45. This figure included employee NIC, tax and pension contributions. This was a considerable increase of 16.66% on last year’s wages.
Other issues
The income and expenditure account shows a surplus of £13999.92 this year, compared to last year’s surplus of £19447.40. 69.91% of total income received was spent on wages this year, compared to 64.85% the previous year.
There was an increase of 5.75% in rent paid.
The combined figure of £6602.22 comprised of equipment/ books and stationery/ general administration. This represents 5.68% of total expenditure, compared to 3.79% last year. The figure consisted of small individual purchases.
The tangible assets listed on the balance sheet were the refurbishment applied to the extra room used by pre-school as an office/staff room, now in the ninth year, a new computer purchased in October 2012 and a new touch screen computer purchased in January 2014. Depreciation using the reducing balance method is applied at 25%.