CHARITY NUMBER: 1029726 Hatchell Wood Pre-School
Annual General Meeting N/A
’ - Accountant s Report for the Period 01.08.23 31.07.24
Account balances
The balances on the accounts were as follows:
Opening balance Closing balance (31.07.24) (01.08.23) Current account £124,749.65 £85,739.54 Reserve account £ 0.17 £0.17
Grant funding and fees
Grant funding and fees including training income received in the financial year amounted to £124,783.92. Overall an increase of 3.17% compared to last year.
Fund-raising activities
Fundraising raised a total of £129 from the sale of school photographs.
Donations
There was a donation of £90 cash for snacks.
Staff wages
All members of staff are paid above the National Living Wage age-appropriate, with exception of the Supervisor who is salaried. There were no new members of staff employed during the year and no leavers.
The staff had 2 pay increases during the year. The first was in Sep 23 of 7.5% and the second in Apr 24 of 9.79%.
Wages represented the highest single expenditure incurred by the pre-school amounting to £116,170.16. This figure included employee NIC, tax and pension contributions. This was an increase of 30.71% on last year’s wages.
Other issues
The income and expenditure account shows a deficit of £18,815.37 this year, compared to last year’s surplus of £15,033,37. 92.93% of total income received was spent on wages this year, compared to 73.38% the previous year.
There was an increase of 8.35% in rent paid compared to last year.
The combined figure of £7,078.51 comprised of equipment/ books and stationery/ general administration. This represents 5.66% of total expenditure, compared to 3.77% last year. The figure consisted of small individual purchases.
The tangible assets listed on the balance sheet are as follows: The purchase of a prefabricated unit in Jul 2024 for the use of additional storage and/or a classroom. Purchase price £17,450.
Refurbishment applied to the extra room used by pre-school as an office/staff room, now in the eleventh 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
31-Jul-24
PREPARED BY:
MELLOR-WRIGHT ACCOUNTING
5 PEACOCK LANE
CINDERFORD
GLOS
GL14 3ET
HATCHELL WOOD PRE-SCHOOL
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31-Jul-24
| CONTENTS Income and expenditure account Balance sheet Notes to the accounts Accountant's report |
PAGE 1 2 3 4 |
|---|---|
HATCHELL WOOD PRE-SCHOOL
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED
31-Jul-24
| Fees/grants Training income Fundraising activities Photos Donation Wages & PAYE Accounts/payroll services Rent Equipment & books Stationery & general admin Training costs Uniform Insurance Subscriptions/professional fees Sundries Depreciation SURPLUS/(DEFICIENCY) |
2024 | £ 119533.92 5250 0 129 90 125002.92 143818.29 -18815.37 |
2023 | |
|---|---|---|---|---|
| £ 116170.16 1825.00 10029.76 1355.96 5722.55 923.36 331.75 900.17 280.00 1794.44 4485.14 |
£ 88878.96 1575.00 9256.68 3024.36 976.06 295.40 61.46 859.12 90.00 899.88 163.52 |
£ 120940.90 0.00 42.91 130.00 0.00 |
||
| 121113.81 106080.44 |
||||
| 15033.37 |
Prepared by:
MELLOR-WRIGHT ACCOUNTING 5 PEACOCK LANE CINDERFORD GLOS GL14 3ET
-1-
HATCHELL WOOD PRE-SCHOOL
BALANCE SHEET AS AT 31-Jul-24
| Note 2024 £ £ FIXED ASSETS Tangible assets 1 13455.40 CURRENT ASSETS Wages account 35980.15 Cash at bank 77039.54 Reserve account 0.17 Cash in hand 206.51 113226.37 CURRENT LIABILITIES Accrued expenses 200.00 200.00 NET CURRENT ASSETS 113026.37 NET ASSETS 126481.77 FINANCED BY: CAPITAL ACCOUNT 2 126481.77 Prepared by: MELLOR-WRIGHT ACCOUNTING 5 PEACOCK LANE CINDERFORD GLOS GL14 3ET |
2023 | |
|---|---|---|
| £ 19983.21 124749.65 0.17 273.57 145006.60 200.00 200.00 |
£ 490.54 144806.60 |
|
| 145297.14 | ||
| 145297.14 | ||
-2-
HATCHELL WOOD PRE-SCHOOL
WORKINGS TO THE ACCOUNTS
31-Jul-24
| Note 1 Note 2 |
TANGIBLE ASSETS COST As at 31 July 2023 Additions Disposals As at 31 July 2024 DEPRECIATION As at 31 July 2023 Charge for year On disposals As at 31 July 2024 NET BOOK VALUE As at 31 July 2024 As at 31 July 2023 CAPITAL ACCOUNT Balance b/f SURPLUS/(DEFICIENCY) Balance c/f |
FIXTURES/ FITTINGS TOTAL £ 490.57 490.57 17450.00 17450.00 |
|---|---|---|
| 17940.57 17940.57 |
||
| 4485.14 4485.14 |
||
| 4485.14 4485.14 |
||
| 13455.43 13455.43 |
||
| 17940.57 17940.57 |
||
| 145297.14 -18815.37 126481.77 |
-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 01.08.23 31.07.24
Account balances
The balances on the accounts were as follows:
Opening balance Closing balance (31.07.24) (01.08.23) Current account £124,749.65 £85,739.54 Reserve account £ 0.17 £0.17
Grant funding and fees
Grant funding and fees including training income received in the financial year amounted to £124,783.92. Overall an increase of 3.17% compared to last year.
Fund-raising activities
Fundraising raised a total of £129 from the sale of school photographs.
Donations
There was a donation of £90 cash for snacks.
Staff wages
All members of staff are paid above the National Living Wage age-appropriate, with exception of the Supervisor who is salaried. There were no new members of staff employed during the year and no leavers.
The staff had 2 pay increases during the year. The first was in Sep 23 of 7.5% and the second in Apr 24 of 9.79%.
Wages represented the highest single expenditure incurred by the pre-school amounting to £116,170.16. This figure included employee NIC, tax and pension contributions. This was an increase of 30.71% on last year’s wages.
Other issues
The income and expenditure account shows a deficit of £18,815.37 this year, compared to last year’s surplus of £15,033,37. 92.93% of total income received was spent on wages this year, compared to 73.38% the previous year.
There was an increase of 8.35% in rent paid compared to last year.
The combined figure of £7,078.51 comprised of equipment/ books and stationery/ general administration. This represents 5.66% of total expenditure, compared to 3.77% last year. The figure consisted of small individual purchases.
The tangible assets listed on the balance sheet are as follows: The purchase of a prefabricated unit in Jul 2024 for the use of additional storage and/or a classroom. Purchase price £17,450.
Refurbishment applied to the extra room used by pre-school as an office/staff room, now in the eleventh 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%.