2023-08-31-accounts

**MONTROSE PRE-SCHOOL **
ACCOUNTS TO**31st AUGUST 2023 **
STATEMENTOFFINANCIAL ACTIVITIES
		2022/23			_2021/22 _
	General	Inclusion	Total		_Total _
	Funds	Funds	Funds		_Funds _
**INCOMING RESOURCES **		£		£	£
LondonBoroughofHarrow				92,496	98,668
InclusionFunding		4,900		4,900	_10,000 _
SENBlockGrant					_4,292 _
Fees	3,035			3,035	_2,350 _
EmploymentAllowance	5,289			5,289	_3,816 _
InterestReceivedDepositFund	2,130			2,130	_183 _
MoneyforLunches	1,085			1,085	860
Money-raisingEvents	1,111			1,111	_1,039 _
ApprenticeGrants		2,000		2,000	_2,000 _
Total**IncomingResources **	105,146	6,900	**112,046 **		_123,208 _
	-------- --------	-------- --------	-------- --------
**RESOURCES EXPENDED **
StaffCosts	£	£		£	€
Wages	87,201	9,746		96,947	_96,236 _
NationalInsurance	5,937			5,937	_5,562 _
PensionContributions	2,425			2,425	2,509
EmergencyCover	317			317
Training	170			170	_473 _
**7% **
Total StaffCosts	-------- -------- 96,050	-------- -------- 9,746	-------- -------- **105,796 **		104,780 ---------· ..'
AdministrationCosts	£	£		£	£
Rent	6,300			6,300	_6,300 _
Landline,Broadband&MobilePhone	1,160			1,160	948
Printing&Stationery	1,367			1,367	_1,136 _
Insurance	642			642	_627 _
ComputerisedPayroll	1,442			1,442	1,333
Quickbooks	324			324	_302 _
Registration andE.Y.AMembership	112			112	_106 _
eyLog	390			390
Costco	94			94	_94 _
OFSTEDMembership	50			50	50
DataProtection	35			35	_35 _
IndependentExamination	100			100	_100 _
Sundries	552			552	_410 _
**Total Administration Costs **	**12,568 **			**12,568 **	_11,441 _
	--------	--------	--------
**Activities **	£	£		€	£
CostofLunches	983			983	_794 _
Stores/Supplies/Toys/Educational	426			426	_991 _
SENInclusionCosts					_2,899 _
Total ActivityCosts	1,409			1,409	_4,684 _
	-------- -- -----	-------- --------	-------- ------ -
**Depreciation of Play Area equipment **	894			**894 **	_1,342 _
	-------- --------	-------- --------	-------- --------
**Total Resources Expended **	**110,921 **	9,746	**120,667 **		_122,247 _
	-------- --------	-------- --------	-------- --------		--------- ---------·
**Net (-Outgoing) IncomingResources **	-5,775	-2,846		-8,621	_961 _
TransferBetween Funds	**-2,052 **	**2,052 **
BalancesBroughtForwardat1stSeptember2022	80,339	**794 **		**81,133 **	_80,172 _
BalancesCarriedForwardat31stAugust2023	**72,512 **			**72,512 **	81,133
	-------- --------	-------- --------	-------- --------

			2022/23		_2021/22 _
		General	Restricted	Total	_Total _
		Funds	Funds	Funds	_Funds _
**CURRENTASSETS **		£	£	£	£
Fixed Assets
OutdoorEquipmentatCost		9,811		9,811	_9,811 _
LessDepreciation		8,021		8,021	_7,127 _
Net Fixed Assets	(Note8)	1,790		**1,790 **	_2,684 _
**Cash **
InHand		205		205	_231 _
CurrentAccount:BarclaysBank		4,881		4,881	_9,874 _
AffirmativeDepositFund		65,052		65,052	_67,245 _
**Total Cash **	(Note9)	**70,138 **		**70,138 **	77,350
**Debtors **
SundryDebtors	(Note10)	370		370	_1,927 _
UniformStocks	(Note11)	1,256		1,256
TotalDebtors		**1,626 **		**1,626 **	_1,927 _
TotalCurrent Assets		73,554		73,554	_81,961 _
Less: Current Liabilities
InlandRevenue		942		942	_728 _
NEST
IndependentExaminer	(Note12)	100		100	100
SundryCreditors
TotalCurrentLiabilities	(Note13)	**1,042 **		**1,042 **	_828 _
NetAssetsEqualtoFunds		**72,512 **		**72,512 **	81,133
		========	========	========	---------· .......

**19 Training **	**19 Training **
Staff_are_encouragedtoundertakeinworktraining,and_are_paidtoattend
approvedcourses.
**20.Wages and Associated Costs **	**2022-23 **	**2021-22 **
	£	£
GrossPay	96,947	96,236
EmployersNationalInsuranceContributions	5,937	5,562
EmployersPensionContributionstoNEST	2,425	2,509
	-----------	--------------
	105,309	104,307
	...... ---------·	-----------· ------------
Averageweeklycontractualhoursforstaff	30.21hours --------- ...«.	28.79hours -----------· ------------
**21. Reserves Policy **
Ithasalwaysbeenthepolicytocreateareserveequaltosixmonthsrunning		costs,
firstachievedintheyear2014-2015.,plusan elementequaltothestatutory
redundancypayentitlmentofstaffmembersinpostatthedateoftheyear		end.
InadditionthePre-Schooliscontractedtoremoveoutdoorequipment,shouldthe
premisesatthechurchceasetobeused.
	**2022-23 **	**2021-22 **
	£	£
Sixmonthsrunning expenses	60,233	61,124
Redundancyforstaff	27,826	22,766
Delapidations	2,350	2,300
	-----------	--------------
**Target Reserve **	90,409	86,190
**Reserve Funds **	72,512	81,133
	-----------	--------------
**(-Shortfall) **	-17,897	-5,057
	--------- «..-	------------ ------------