OAKFARM PRESCHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDING 31ST MARCH 2023
INCOME
| Nursery grants/ fees Interest EXPENDITURE Rent Equipment Food Wages NI and Tax Training Telephone Computer and software Ofsted Uniforms Accountancy Insurance Bank charges Misc Surplus (Deficit) for Year |
2022/23 2021/22 99,406.52 94,987.61 119.28 2.57 99,525.80 94,990.18 10,297.56 10,312.56 6,114.07 7,439.65 5,095.26 3,446.26 80,733.58 67,468.48 6,799.39 5,422.11 332.12 1,161.99 1,387.85 967.61 441.08 303.03 50.00 85.70 814.68 272.79 960.00 888.00 509.69 495.27 72.00 96.00 1,048.63 2,000.14 114,655.91 100,359.59 (15,130.11) (5,369.41) |
|---|---|
OAKFARM PRESCHOOL BALANCE SHEET AS AT 31ST MARCH 2023
CURRENT ASSETS
| Cash at bank Deposit Petty Cash Stock of uniforms T LIABILITIES Accrued Expenses HMRC Rent LESS LIABILITIES |
2022/23 2021/22 20,383.05 31,452.11 10,096.94 14,010.26 1,537.41 1,537.41 156.75 156.75 32,174.15 47,156.53 960.00 600.00 1,541.25 2,211.65 1,316.26 858.13 3,817.51 3,669.78 28,356.64 43,486.75 |
|---|---|
CURRENT LIABILITIES
ASSETS LESS LIABILITIES
REPRESENTED BY
| Accumulated fund b/f Surplus (deficit) for year |
43,486.75 48,856.16 (15,130.11) (5,369.41) 28,356.64 43,486.75 |
|---|---|
I have examined these accounts, and the supporting documents, and no concerns were raised.
Lee Preston FMAAT 22/01/2024
OAKFARM PRESCHOOL BANK RECONCILIATION
| Balance at 01/04/22 Plus receipts Less Payments Balance at 31/3/23 Bank Statement balance at 31/3/23 Movement |
31,452.11 108,559.92 119,628.98 20,383.05 20,383.05 (11,069.06) |
|---|---|
| Reconciliation to income and expenditure account | Reconciliation to income and expenditure account |
|---|---|
| Decrease in NI creditor | 670.40 |
| Increase in rent creditor | (458.13) |
| Increase accrued expenses | (360.00) |
| Interest on deposit account | 86.68 |
| Transfer from deposit account | (4,000.00) |
| (15,130.11) |