Annual Report March 2023- March 2024 

We have had a busy year within Pre-School and have been working collaboratively with District Specialist Centres in our region to support children with additional needs. 

We have continued to improve our provision and at the end of the financial year put together a plan to fundraise for a new reading shed as the one we had in place had become unusable and leaky. We are hoping to raise enough to have shed with a door to enable us to have a cosy space which does not need to be emptied at the end of every day. 

Financially we saw an increase in staff costs due to a number of reasons. Primarily due to the increase in minimum wage which in turn increases our tax burden and pension costs. We also had a member of staff on maternity necessitating the employment of cover whilst she was not in. 

We continued to see the impact of Covid on children. Many of our children were born just prior to or during lockdown. This lead to us needing to use more interventions particularly around Speech and Language and Personal, Social and Emotional Development. 

We look forward to working with agencies around us in the future to provide the best possible support to our children and parents. 



## **Bowerhill Pre-School** 

Income and Expenditure Account Year Ending 31st March 2024 

|INCOME|£|
|---|---|
|Fees|£94,985.46|
|Snack|1119.51|
|Fundraising|100.00|
|Parties/Trips||
|Milk|125.50|
|T-shirts/Sweatshirts|55.00|
|Building Society Interest||
|Misc|945.00|
|Holding Fees|600.00|



£97,930.47 NET SURPLUS for the year -£3,697.40 

|EXPENDITURE<br>Wages<br>Pension<br>Consortium/Gompels<br>Rent/Utilities<br>Milk<br>Craft<br>Subsistence<br>Stationery<br>PLA/OFSTED<br>Party<br>HMRC<br>Resources<br>Training<br>Building<br>Accountant<br>Holding Fee Returned<br>Misc|£<br>81909.33<br>5965.67<br>525.52<br>1688.31<br>122.85<br>4.30<br>1029.26<br>216.13<br>856.53<br>317.59<br>3163.63<br>2088.65<br>506.80<br>418.76<br>387.00<br>400.00<br>2027.54<br>101,627.87<br>£|
|---|---|





Bowerhill Pre-school
Balance Sheet
Year ending 31st March 2024
2023
2023
Current Assets
Cash float
Bank account
Building Society account
100.00
62,559.76
524.22
63,183.
100.00
58,862.36
524.22
59,486.58
Current Liabilities
Net Assets
63,183.98
59,486.58
Represented by
Accumulated funds
Surplus/ldeficitl for the year
59,194.98
3,989.00
63,183.98
63,183.98
3,697.40
59,486.58
Note,. Transactions in the spring term but after the nominal year end have been included in these accounts for completeness.
Audited and found correct in accordance with the books, documents and information presented to me.
15 Jul 2ci2
Dawn Benison ACMA, GCMA