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
1
## **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|
2
## **Wigginton Pre-School**
|**Proft/(loss)**
**as at 31 August 2024**
**Notes**
**Current assets**
Bank/building society balances
Cash in hand
**Net current assets**
**Net assets**
**Capital account**
Balance at start of period
Net proft/(loss)||**1,652**|||||72,689
69,130
(4,984) **Balance Sheet**
**2024**
**£**
18,952
35
18,987
20,640
20,640
18,988
1,652|||69,130|69,130|**2023**
**£**
18,897|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||
||||||
||||||||
|||
20,576
64|||||||||||
|||20,640|||||||18,987||||
|||
|||||||
||||
|||||||||||||18,897
23,972
(4,984)|
3
**Wigginton Pre-School**
20,640
18,988
4
**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 costs**Rent
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|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||||||||||
||||||
|
|
|
||
|||||||||||
|||
|||||
|
||
|||
||||||||
|||||||
|
|
||
5
|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||||
||
6
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