2024-08-31-accounts - Wigginton Pre-School

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iggint04 e-schoo Wigginton Preschool, Village Hall, Chesham Road, Wigginton, Tring, HP23 6HJ Treasures Re ortse t2023-Au 2024 During this year Wigginton Preschool made a profit of £1652. Our numbers have been stable throughout the year however we are losing 13 children in July as they move up to their new school. Little stars numbers help the setting with its finances as we are able to include the Government funding schemes for the younger children which starts from £11.22 per hour for children under 2years, £8.28 for children of 2 years and £5.88 for children of 3-4 years. This still doesn't support staff wages from £11.50 per hour and our wages bill including pensions was £64,024 against £61,516 the previous year. From Autumn 2023 and Summer 2024 using both halls we were able to invoice £22,618 and we received £57,133 in government funding schemes this year we didn't receive any grants during this academic year. Staff wages have stayed the same although there was a slight increase within the minimum salary. We have lost a member of staff in the Spring and this has increased workload and stress levels. To balance this the committee awarded incentives for the wellbeing of the which came to a total of £915 through the year. Pension contributions have stayed in line with requirements of the law for 2 members of staff and we offered it another member of staff who started in December 2024. The preschool continued to provide music and dance through Challis School of dance as part of the wider curriculum, this came to a cost of £418 for the year and we had to reduce Forest School session due to ill health of the teacher total cost of this activity came to £1219 for the year. The preschool organised their annual farm trip day out for each child and parent at a cost of £1366, this is always supported well and the parents are truly thankful. The preschool celebrated their 50th year and have seen a couple of events to advertise in order to receive new families. A new budget was set for 2024- 2025 and we are expected to make a profit of £1,000, Signed.. Wigginton Preschool Treasurer

Wigginton Pre-School

Wigginton Pre-School

Accounts

31 August 2024

Wigginton Pre-School

Accountants' report to the trustees of Wigginton Pre-school

These financial statements have been prepared by Keep Accounting Ltd, registered with and supervised by the Institute of Accountants & Bookkeepers.

The preparation is in accordance with our terms of engagement and in order to assist you to fulfil your duties to The Charity Commission that relate to preparing the financial statements for the year ended 31 August 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

Keep Accounting Ltd Okeford Close

Tring HP234AJ

Wigginton Pre-School

Approval statement

I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Keep Accounting Ltd with all information and explanations necessary for their preparation.

The Treasurer

Wigginton Pre-School

12[th] December 24

Profit and Loss Account

for the year ended 31 August 2024

Sales Cost of sales Gross proft Expenses Wages, salaries and other staf costs Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, statonery and other ofce costs Advertsing and business entertainment costs Accountancy, legal and other professional fees Other business expenses	2023 £ 80,923 6,582 74,342 64,024 4,680 - 2,493 312 890 290		2023 £ 69,938 5,792
			61,146 61,516 4,060 - 2,228 - 1,180 146

Wigginton Pre-School

1,652		2023 £ 18,897


20,576 64
20,640	18,987

		18,897 23,972 (4,984)

Wigginton Pre-School

20,640

18,988

Wigginton Pre School Notes to the Accounts for the year ended 31 August 2024

1 Accounting basis

The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.

2 Profit and loss account analysis

Sales Fee income Local government funding Donatons/Fundraising Uniform Milk/Refreshments Xmas cards Groundwork grant Cost of sales Snacks etc Toys and supplies Dance mini movers T-Shirts and uniform Garden maintenance Forest school Trips/events Wages, salaries and other staf costs Wages and salaries DBS – Categorised under professional costs Staf training and welfare Rent, rates, power and insurance costsRent Gardening Services – under cost of sales Telephone, fax, statonery and other ofce costs Telephone and fax Statonery and printng			2024 £ 22,618 57,133 619 53 356 145 - 80,923 277 2533 418 768 64 1219 1366 6,581 63,110 - 915 64,024 4,680 - 4,680 730 927						2023 £ 28,997 40,048 20 39 334 - 500 69,938 325 2,337 711 955 64 916 484 5,792 58,350 - 3166 61,516 4,060 - 4,060 683 893

Other insurance costs Wigginton Pre School Notes to the Accounts for the year ended 31 August 2024 Advertsing and business entertainment costs Advertsing and PR Accountancy, legal and other professional fees Accountants fees Memberships Professional costs Other business expenses Sundry expenses			836 2,493 312 312 622 108 160	836 2,493 312 312 622 108 160					652 2,228 1,219 1,219 692 102 386 1180 146 146


				890
				~~290~~
				290