Treasurer’s Report September 2024 – August 2025 (Academic Year 2024/25)
The year 2024/25 has been another positive period for the setting. We benefitted from a full year of Kelly as Business Manager and Amy’s contributions, which have strengthened our operational and financial management.
Opening Position & Reserves
We began the year with a healthy reserve and closed the year with £116,982 in the bank, up from £103,838 last year. This continues to align with our reserves policy of holding between 3 and 6 months’ operating expenses. The committee remains committed to responsible cash management and our savings strategy introduced last year continues to generate interest for reinvestment in learning materials.
Income
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Total income for the year: £190,132, an increase from £183,775 last year
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NCC funding : £160,949, which remains our primary income source
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Parent fees: £27,967, reflecting sustained occupancy and fee structure
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Fundraising: £978, slightly down from last year’s £2,900, but still valuable for community engagement
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Other minor income streams included small product sales and commissions.
The increase in income was driven by consistent occupancy and strong funding levels. No major fee changes were implemented this year, maintaining stability for families.
Expenditure
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Total expenditure: £176,800, up from £157,586 last year.
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Staff costs: £146,490, reflecting continued investment in wages, pensions, and compliance with national wage increases
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Other significant costs included building maintenance (£7,075), utilities (£6,097), and insurance (£4,361)
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We also invested in IT, equipment repairs, and safety checks to maintain high standards.
Despite these costs, we maintained prudent financial control, ensuring all spending supported the quality of care and safety of the setting.
Net Position
Net income: £13,332, compared to £26,189 last year. While lower, this remains a positive outcome given increased staffing and maintenance costs.
Conclusion
The Playgroup remains financially stable and well-positioned for the future. The committee will continue to monitor staffing costs, building maintenance and fundraising opportunities to ensure sustainability. Our focus remains on balancing prudent financial management with investment in people and facilities to deliver the high-quality care we are proud of.
Profit V Loss 2024-2025
Radcliffe on Trent Pre-School Playgroup
September 1, 2024-August 31, 2025
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Income | |
| Discounts given | -292.80 |
| Non-Profit Income | 0 |
| Donations | 500.00 |
| Fundraising | £78.22 |
| Baby Market | 84.50 |
| Carnival | 240.00 |
| Community Café | 275.00 |
| Eco Partyware Hire | 75.00 |
| Fireworks Fiesta | 200.00 |
| Stikins Commission | 25.56 |
| Total for Fundraising | £978.28 |
| NCC Government Funding | £159,262.48 |
| DAF | 910.00 |
| EYPP | 776.77 |
| Total for NCC Government Funding | £160,949.25 |
| Parent Fees | 0 |
| Services | 27,966.82 |
| Total for Parent Fees | £27,966.82 |
| Total for Non-Profit Income | £190,394.35 |
| Sales of Product Income | 0 |
| Children's T shirts | 10.00 |
| Total for Sales of Product Income | £10.00 |
| Unapplied Cash Payment Income | 20.12 |
| Uncategorised Income | |
| Total for Income | £190,131.67 |
| Cost of Sales | |
| Gross Profit | £190,131.67 |
| Expenses | |
| Activities & Materials | 1,776.94 |
| Administration | £23.34 |
| Administration | 249.20 |
| IT Purchases | £19.27 |
| Norton Antivirus | 89.99 |
| Total for IT Purchases | £109.26 |
| IT Repairs/Support | £75.00 |
| Website | 69.86 |
| Total for IT Repairs/Support | £144.86 |
| Mobile Phones | 356.24 |
| Print Copies | 264.38 |
| Printer Quarterly Rental | 408.00 |
| Shredding | 32.99 |
| Total for Administration | £1,588.27 |
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Profit V Loss 2024-2025
Radcliffe on Trent Pre-School Playgroup
September 1, 2024-August 31, 2025
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Advertising | 110.00 |
| Annual Fixed Costs | 0 |
| Buildings Insurance | 2,708.62 |
| ICO | 35.00 |
| OFSTED Registration Fee | 35.00 |
| Payroll and NEST | 325.00 |
| PPLPRS Music License | 135.22 |
| Public Liability Insurance inc EYA membership | 546.80 |
| Quickbooks Subscription | 54.00 |
| Tapestry | 210.00 |
| Twinkl Subscription | 311.15 |
| Total for Annual Fixed Costs | £4,360.79 |
| Bank Charges | 291.22 |
| Building Repairs/Maintenance | 1,430.32 |
| Children's Equipment | 2.58 |
| Children's T shirts | 163.53 |
| Contractor Fees | £90.00 |
| Air Conditioning | 217.80 |
| Building Maintenance and Equipment | 5,166.44 |
| Fire Equipment Checks | 370.80 |
| Grass Cutting | 13.00 |
| Legionella | 469.00 |
| Nappy Bin Contract | 602.18 |
| PAT Testing | 146.25 |
| Total for Contractor Fees | £7,075.47 |
| Equipment Purchases & Repairs | 449.50 |
| Food & Household | 5,489.51 |
| Fundraising Spending | 607.87 |
| Other Expenditures | 0 |
| Gifts | 20.00 |
| Staff & Committee Entertainment | 2.19 |
| Total for Other Expenditures | £22.19 |
| Services | 0 |
| Bin Collection | 945.78 |
| Gas & Electricity | 2,638.34 |
| Landline and Internet | 971.36 |
| Water | 1,541.22 |
| Total for Services | £6,096.70 |
| Staff | 0 |
| DBS & Update Service | 453.18 |
| Pension Payment | 4,377.10 |
| Tax & NI | 11,975.07 |
| Training | 217.90 |
| Uniform | 223.23 |
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Profit V Loss 2024-2025
Radcliffe on Trent Pre-School Playgroup
September 1, 2024-August 31, 2025
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Wages(includingTax & NI) | 129,243.19 |
| Total for Staff | £146,489.67 |
| Sundries | 845.23 |
| Total for Expenses | £176,799.79 |
| Net Operating Income | £13,331.88 |
| Other Income | |
| Other Expenses | |
| Net Other Income | 0 |
| Net Income | £13,331.88 |
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——,) . ror _ CHARITY COMMISSION | Independent examiner's report on the | (ky) FOR ENGLAND AND WALES accounts
Section A
Independent Examiner’s Report
==> picture [518 x 135] intentionally omitted <==
----- Start of picture text -----
Report to the trustees dy . |
° KADCLIFEKE ONTCEIWT LRE-SCHOOL FLAYGROUP
On accounts for the year | . Charity no
ended| 3!/% {2° (if any)
| report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended #3: ; Mii / YVyy,
----- End of picture text -----
- Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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Independent [The charity's gross income exceeded £250,000 and | am qualified to
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examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
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| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or
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e the accounts did not accord with the accounting records: or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.
Name: |S /*70N_“/\KAYCON/ Relevant professional 7 -, . i
IER
1
Oct 2018
Address:| //0 Gip/GHYAM RoAN LAACLSFFE ON TRENT
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
IER
2
Oct 2018