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2021-08-31-accounts

Administrator’s Report 2020/21 for the AGM

8pm Tuesday 19th October 2021

held at the Village Hall

The 2020/21 academic year saw the group’s finances challenged again by the Covid pandemic but fortunately we have managed a small surplus thanks to donations and grants.

Throughout the year we had good numbers on roll but received £4,000 less funding than the last accounting year due to numbers of children attending. Furthermore, in April 2021, at the start of the summer term, West Berkshire reduced our hourly funding rate, to begin to meet the deficit in their budget; we lost 6p per child per hour and they plan to reduce it further each year for the next 4 years. At the same time other costs have increased including the minimum wage.

Our fees income increased this year mainly due to several children who shared their settings but used their funding elsewhere.

We remained open throughout the year and did not furlough any staff.

The hall rent did not increase – huge thanks to hall committee, Jane & John Turton in particular for their support of our group. We did not pay any hall rent for the Toddler group during the Autumn and Spring terms when we either operated outside or were closed.

The snack contribution of £1 per day continues to make a very useful contribution to the group raising £1273 which effectively covered the cost of snack and the insurance charge.

Running costs; wages

The minimum wage was increased again

Fund raising

We had some very successful fund raising, especially the Local Lottery (£620), Santa’s Sleigh (£447), and the summer raffle (£236)

We have received £25 from Easy Fundraising – thank you Nadine!

We have not received any Match Funding this year.

We have not been able to fund raise again this year as we have done in the past however, we did receive 3 grants;

Expenses

The Insurance was less this year than last by £60.

We have kept spending to a minimum.

We continue to have very healthy bank positions, thank goodness in these uncertain times as, for various reasons, including financial, we saw our neighbouring PreSchool at Boxford, close this summer. Thank you to everyone for supporting our group and let’s look forward to the next 50 years.

Denise Herrington 19/10/2021

Bank Rec

Bank Reconciliation

as at 31 / 08 / 2021

- Barclays Community Account acc number 43367630

Opening balance
Add
Term 1 Bank
Term 1 Cash
Term 2 Bank
Term 2 Cash
Term 3 Bank
Term 3 Cash
Less
Term 1 Payments
Term 2 Payments
Term 3 Payments
Journals
Balance as at 31/08/2021
Add
Outstanding lodgements
Cheques in hand
cheque
cash
LESS
Outstanding BACS payments
£
17,221.45
446.00
15,171.09
-
23,945.77
-
£
9,500.89






56,784.31
12,584.97
12,584.97
0.00
12,584.97
0.00
12,584.97
0.00

Page 1

Bank Rec PAn• ?

Deposit AC

Deposit AC Deposit AC Deposit AC Deposit AC Deposit AC
Deposit Account reconciliation

Newbury Building Society

Deposit A/C No. 2855031610

£
£
Opening balance@1/9/2020 42,934.39
Add
Term 1 Acc -receipt to Dept 0.00
Term 2 Acc -receipt to Dept 0.00
Journals 391.84
Term 3 Acc -receipt to Dept 0.00 391.84
43,326.23
Less
Term 1 Acc -paym't to Currentt to De
0.00
Term 2 Acc -paym't to Currentt to De
0.00
Term 3 Acc -paym't to Currentt to De
0.00
0.00
£43,326.23
Balanceperpass book 42,934.39
as at 01/09/20
ADD
Gross Interest received 31/10/2020 391.84
LESS
Outstandingcheques 0.00
Balance as at 31/8/2021 £43,326.23
Diference 0.00

Page 3

A B C D D E F F G H I J K L M M N O P Q R S T
1 Great Sheford Under Five's- Extended Trial Balance for the year ended 31st August 2020
2 Opening Balance Bank payments Bank Receipts Cash Payments Cash Receipts Journals Proft and Loss A/C Balance Sheet
3 Pre School fees
0.00

3,504.60

128.00
100.00 3,732.60 Pre School fees
4 NurseryFunding 48,234.37 -3,887.39 44,346.98 NurseryFunding
5 Wages 45,590.85 0.00 53.46 45,644.31 Wages
6 Wages 1,375.23 1,375.23 Wages
7 Hall Rent 2,927.00 0.00 0.00 2,927.00 Hall Rent
8 Toddlers fees 19.00 681.06 0.00 700.06 Toddlers fees
9 Hall Rent 126.00 0.00 126.00 Hall Rent
10
11 BuildingSocietyInterest 0.00 391.84 391.84 BuildingSocietyInterest
12 Fund RaisingProft 15.30 846.34 0.00 444.55 0.00 1,275.59 Fund RaisingProft
13 Grants Received 2,600.00 0.00 2,600.00 Grants Received
14 Fund raisingParties 0.00 375.00 375.00 Fund raisingParties
15 S/Shirt Sales 56.00 20.00 -20.00 56.00 S/Shirt Sales
16 Tripincome 0.00 0.00 0.00 Tripincome
17 Snack receipts 1,078.00 232.00 -37.00 1,273.00 Snack receipts
18
19 Paper,Paint & Supplies 292.10 75.08 0.00 367.18 Paper,Paint & Supplies
20 Juice & Biscuits 373.25 203.79 0.00 577.04 Juice & Biscuits
21 Insurance 895.45 0.00 895.45 Insurance
22 Social Services reg. 50.00 0.00 50.00 Social Services reg.
23 Gratuities 291.40 0.00 0.00 291.40 Gratuities
24 Training 235.80 12.00 0.00 247.80 Training
25 Donations 0.00 Donations
26 Advertising 69.00 0.00 69.00 Advertising
27 Stamps & Stationery 70.82 14.14 0.00 84.96 Stamps & Stationery
28 Telephone 0.00 40.00 0.00 40.00 Telephone
29 Music Lessons 275.00 0.00 275.00 Music lessons
30 Phonics lessons 560.00 560.00 Drama lessons
31 Farm trip 0.00 0.00 farm trip
32 Uniform 450.56 450.56 Uniform
33 Miscellaneous 140.95 151.37 -81.99 210.33 Miscellaneous
34 New Toys 41.52 32.99 0.00 74.51 New Toys
35
36 Current Account 9,500.89 53,780.23 56,338.31 446.00 80.00 12,584.97 Current Account
37 Deposit Account 42,934.39 0.00 0.00 391.84 43,326.23 Deposit Account
38 Debtors 245.00 475.00 720.00 Debtors
39 Provision for Bad debts 0.00 0.00 0.00 Provision for Bad debts
40 Graduate Grant O/S 6,042.39 0.00 6,042.39 Graduate Grant O/S
41 Creditor 106.48 3,915.86 4,022.34 Creditor
42 PettyCash 217.23 0.00 0.00 975.37 1,505.61 -80.00 667.47 PettyCash
43
44 Accumulated Fund B/F 46,748.64 46,748.64 Accumulated Fund B/F
45 Proft for theyear 485.30 485.30 Proft for theyear
46
47 52,897.51 52,897.51 ### ### ### ### 975.37 975.37 ### ### 838.31 838.31 54,751.07 54,751.07 ### ###
48
49 CHECK BALANCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Rec

Great Sheford Under Fives Cash Account Reconciliation

as at 31/08/21

Opening balance

£ 217.23

Add

Term 1 Receipts £ 502.51 Journals -£ 80.00 Term 2 Receipts £ 49.00 Cash C Term 3 Receipts £ 954.10 £50.00 £ 1,425.61 £20.00 £ 1,642.84 £10.00 £5.00 Less £2.00 Term 1 Payments £ 164.08 £1.00 Term 2 Payments £ 58.02 £0.50 Term 3 Payments £ 307.27 £0.20 Term 1 Banked £ 446.00 £0.10 Term 2 Banked £ - £0.05 Term 3 Banked £ - £0.02 £ 975.37 £0.01 £ 667.47 cash in hand with Denise 597.47 cash in Toddler tin 20.00 difference cash in fundraising float 50.00 Total cash in hand 667.47

Cash Rec

Count 50.00 240.00 110.00 10.00 38.00 100.00 22.50 20.40 3.60 2.00 0.58 0.39 £597.47

0.00

Great Sheford Under 5's

Balance Sheet

08/31/2020
£
ACCUMULATED FUND
47,472.69
Opening balance
(724.05)
Proft for the Period
46,748.64
Closing Balance
REPRESENTED BY
9,500.89
Current Account
42,934.39
Investment Account
245.00
Debtor
0.00
Provision for bad debts
(6,042.39)
Graduate Leader Fund
(106.48)
Creditor
217.23
Petty Cash
46,748.64
08/31/2021
£
46,748.64
485.30
47,233.94
12,584.97
43,326.23
720.00
0.00
(6,042.39)
(4,022.34)
667.47
47,233.94

I have examined the above Income & Expenditure Account and Balance Sheet of Great Shefford Under Fives for the Year ended 31st August 2021 and in my opinion they are in accordance with the books and records supplied to me and the explanations given.

Penelope Lang, CA

Millbrook, Great Shefford, Hungerford. RG17 7DR

Great Sheford Under 5's

Income and Expenditure Account

for the Year ending 31/08/2021

2020
£
2,106.00
48,615.01
46,276.43
2,805.00
1,639.58
668.01
1,431.40
378.00
-1,141.39
498.19
448.32
1,192.31
0.00
36.00
0.00
1,428.00
3,104.63
3,602.82
Pre-School
Fees
Nursery Education Funding
Less:- Wages
Hall Rent
Proft/(Loss)
Toddlers and Co.
Fees
Less:- Wages
Hall Rent
Proft/(Loss)
Other income
Newbury Building Soc. Interest
Proft on Fund Raising
Donations
S/Shirts and book bags
Trip Income
Snack receipts
Operating Proft / Loss
2021
2021
£
£
3,732.60
44,346.98
48,079.58
45,644.31
2,927.00
48,571.31
2021
2021
£
£
3,732.60
44,346.98
48,079.58
45,644.31
2,927.00
48,571.31
-491.73
700.06
1,375.23
126.00
1,501.23
-491.73
-801.17
-1,292.90
391.84
1,650.59
2,600.00
56.00
0.00
1,273.00
5,971.43
4,678.53
-801.17
4,678.53

Great Sheford Under 5's

Income and Expenditure Account

for the Year ending 31/08/2021

2020
EXPENDITURE
£
429.83
Paper Paint and Supplies
535.24
Refreshments
966.88
Insurance
50.00
304.16
Gratuities
444.95
Training
107.50
Advertising
51.54
Stationery
40.00
Telephone
300.00
Music Lessons
260.00
Phonics lessons
0.00
Farm trip
0.00
Uniform
484.73
Miscellaneous
352.04
New Equipment
4,326.87
-£724.05
Proft
Ofsted Registration &
West Berks Subscription.
2021
£
367.18
577.04
895.45
50.00
291.40
247.80
69.00
84.96
40.00
275.00
560.00
0.00
450.56
210.33
74.51
2021
£
4,193.23
£485.30

Great Sheford Under Fives Schedule of Donations As at 31st AUGUST 2021

Autumn term 2020
Newbury Building Society
Community Award for music lessons
The Great Sheford Pub donation
Spring Term 2021
West Berkshire Sustainability Grant
Total as per Accounts
£
300.00
500.00
1,800.00
£2,600.00

Bank Rec

Bank Reconciliation

as at 31 / 08 / 2021

- Barclays Community Account acc number 43367630

Opening balance
Add
Term 1 Bank
Term 1 Cash
Term 2 Bank
Term 2 Cash
Term 3 Bank
Term 3 Cash
Less
Term 1 Payments
Term 2 Payments
Term 3 Payments
Journals
Balance as at 31/08/2021
Add
Outstanding lodgements
Cheques in hand
cheque
cash
LESS
Outstanding BACS payments
£
17,221.45
446.00
15,171.09
-
23,945.77
-
£
9,500.89






56,784.31
12,584.97
12,584.97
0.00
12,584.97
0.00
12,584.97
0.00

Page 1

Bank Rec PAn• ?

Deposit AC

Deposit AC Deposit AC Deposit AC Deposit AC Deposit AC
Deposit Account reconciliation

Newbury Building Society

Deposit A/C No. 2855031610

£
£
Opening balance@1/9/2020 42,934.39
Add
Term 1 Acc -receipt to Dept 0.00
Term 2 Acc -receipt to Dept 0.00
Journals 391.84
Term 3 Acc -receipt to Dept 0.00 391.84
43,326.23
Less
Term 1 Acc -paym't to Currentt to De
0.00
Term 2 Acc -paym't to Currentt to De
0.00
Term 3 Acc -paym't to Currentt to De
0.00
0.00
£43,326.23
Balanceperpass book 42,934.39
as at 01/09/20
ADD
Gross Interest received 31/10/2020 391.84
LESS
Outstandingcheques 0.00
Balance as at 31/8/2021 £43,326.23
Diference 0.00

Page 3

A B C D D E F F G H I J K L M M N O P Q R S T
1 Great Sheford Under Five's- Extended Trial Balance for the year ended 31st August 2020
2 Opening Balance Bank payments Bank Receipts Cash Payments Cash Receipts Journals Proft and Loss A/C Balance Sheet
3 Pre School fees
0.00

3,504.60

128.00
100.00 3,732.60 Pre School fees
4 NurseryFunding 48,234.37 -3,887.39 44,346.98 NurseryFunding
5 Wages 45,590.85 0.00 53.46 45,644.31 Wages
6 Wages 1,375.23 1,375.23 Wages
7 Hall Rent 2,927.00 0.00 0.00 2,927.00 Hall Rent
8 Toddlers fees 19.00 681.06 0.00 700.06 Toddlers fees
9 Hall Rent 126.00 0.00 126.00 Hall Rent
10
11 BuildingSocietyInterest 0.00 391.84 391.84 BuildingSocietyInterest
12 Fund RaisingProft 15.30 846.34 0.00 444.55 0.00 1,275.59 Fund RaisingProft
13 Grants Received 2,600.00 0.00 2,600.00 Grants Received
14 Fund raisingParties 0.00 375.00 375.00 Fund raisingParties
15 S/Shirt Sales 56.00 20.00 -20.00 56.00 S/Shirt Sales
16 Tripincome 0.00 0.00 0.00 Tripincome
17 Snack receipts 1,078.00 232.00 -37.00 1,273.00 Snack receipts
18
19 Paper,Paint & Supplies 292.10 75.08 0.00 367.18 Paper,Paint & Supplies
20 Juice & Biscuits 373.25 203.79 0.00 577.04 Juice & Biscuits
21 Insurance 895.45 0.00 895.45 Insurance
22 Social Services reg. 50.00 0.00 50.00 Social Services reg.
23 Gratuities 291.40 0.00 0.00 291.40 Gratuities
24 Training 235.80 12.00 0.00 247.80 Training
25 Donations 0.00 Donations
26 Advertising 69.00 0.00 69.00 Advertising
27 Stamps & Stationery 70.82 14.14 0.00 84.96 Stamps & Stationery
28 Telephone 0.00 40.00 0.00 40.00 Telephone
29 Music Lessons 275.00 0.00 275.00 Music lessons
30 Phonics lessons 560.00 560.00 Drama lessons
31 Farm trip 0.00 0.00 farm trip
32 Uniform 450.56 450.56 Uniform
33 Miscellaneous 140.95 151.37 -81.99 210.33 Miscellaneous
34 New Toys 41.52 32.99 0.00 74.51 New Toys
35
36 Current Account 9,500.89 53,780.23 56,338.31 446.00 80.00 12,584.97 Current Account
37 Deposit Account 42,934.39 0.00 0.00 391.84 43,326.23 Deposit Account
38 Debtors 245.00 475.00 720.00 Debtors
39 Provision for Bad debts 0.00 0.00 0.00 Provision for Bad debts
40 Graduate Grant O/S 6,042.39 0.00 6,042.39 Graduate Grant O/S
41 Creditor 106.48 3,915.86 4,022.34 Creditor
42 PettyCash 217.23 0.00 0.00 975.37 1,505.61 -80.00 667.47 PettyCash
43
44 Accumulated Fund B/F 46,748.64 46,748.64 Accumulated Fund B/F
45 Proft for theyear 485.30 485.30 Proft for theyear
46
47 52,897.51 52,897.51 ### ### ### ### 975.37 975.37 ### ### 838.31 838.31 54,751.07 54,751.07 ### ###
48
49 CHECK BALANCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Rec

Great Sheford Under Fives Cash Account Reconciliation

as at 31/08/21

Opening balance

£ 217.23

Add

Term 1 Receipts £ 502.51 Journals -£ 80.00 Term 2 Receipts £ 49.00 Cash C Term 3 Receipts £ 954.10 £50.00 £ 1,425.61 £20.00 £ 1,642.84 £10.00 £5.00 Less £2.00 Term 1 Payments £ 164.08 £1.00 Term 2 Payments £ 58.02 £0.50 Term 3 Payments £ 307.27 £0.20 Term 1 Banked £ 446.00 £0.10 Term 2 Banked £ - £0.05 Term 3 Banked £ - £0.02 £ 975.37 £0.01 £ 667.47 cash in hand with Denise 597.47 cash in Toddler tin 20.00 difference cash in fundraising float 50.00 Total cash in hand 667.47

Cash Rec

Count 50.00 240.00 110.00 10.00 38.00 100.00 22.50 20.40 3.60 2.00 0.58 0.39 £597.47

0.00

Great Sheford Under 5's

Balance Sheet

08/31/2020
£
ACCUMULATED FUND
47,472.69
Opening balance
(724.05)
Proft for the Period
46,748.64
Closing Balance
REPRESENTED BY
9,500.89
Current Account
42,934.39
Investment Account
245.00
Debtor
0.00
Provision for bad debts
(6,042.39)
Graduate Leader Fund
(106.48)
Creditor
217.23
Petty Cash
46,748.64
08/31/2021
£
46,748.64
485.30
47,233.94
12,584.97
43,326.23
720.00
0.00
(6,042.39)
(4,022.34)
667.47
47,233.94

I have examined the above Income & Expenditure Account and Balance Sheet of Great Shefford Under Fives for the Year ended 31st August 2021 and in my opinion they are in accordance with the books and records supplied to me and the explanations given.

Penelope Lang, CA

Millbrook, Great Shefford, Hungerford. RG17 7DR

Great Sheford Under 5's

Income and Expenditure Account

for the Year ending 31/08/2021

2020
£
2,106.00
48,615.01
46,276.43
2,805.00
1,639.58
668.01
1,431.40
378.00
-1,141.39
498.19
448.32
1,192.31
0.00
36.00
0.00
1,428.00
3,104.63
3,602.82
Pre-School
Fees
Nursery Education Funding
Less:- Wages
Hall Rent
Proft/(Loss)
Toddlers and Co.
Fees
Less:- Wages
Hall Rent
Proft/(Loss)
Other income
Newbury Building Soc. Interest
Proft on Fund Raising
Donations
S/Shirts and book bags
Trip Income
Snack receipts
Operating Proft / Loss
2021
2021
£
£
3,732.60
44,346.98
48,079.58
45,644.31
2,927.00
48,571.31
2021
2021
£
£
3,732.60
44,346.98
48,079.58
45,644.31
2,927.00
48,571.31
-491.73
700.06
1,375.23
126.00
1,501.23
-491.73
-801.17
-1,292.90
391.84
1,650.59
2,600.00
56.00
0.00
1,273.00
5,971.43
4,678.53
-801.17
4,678.53

Great Sheford Under 5's

Income and Expenditure Account

for the Year ending 31/08/2021

2020
EXPENDITURE
£
429.83
Paper Paint and Supplies
535.24
Refreshments
966.88
Insurance
50.00
304.16
Gratuities
444.95
Training
107.50
Advertising
51.54
Stationery
40.00
Telephone
300.00
Music Lessons
260.00
Phonics lessons
0.00
Farm trip
0.00
Uniform
484.73
Miscellaneous
352.04
New Equipment
4,326.87
-£724.05
Proft
Ofsted Registration &
West Berks Subscription.
2021
£
367.18
577.04
895.45
50.00
291.40
247.80
69.00
84.96
40.00
275.00
560.00
0.00
450.56
210.33
74.51
2021
£
4,193.23
£485.30

Great Sheford Under Fives Schedule of Donations As at 31st AUGUST 2021

Autumn term 2020
Newbury Building Society
Community Award for music lessons
The Great Sheford Pub donation
Spring Term 2021
West Berkshire Sustainability Grant
Total as per Accounts
£
300.00
500.00
1,800.00
£2,600.00