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%.