2023-07-31-accounts - Quarndon Preschool

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Quarndon Preschool Annual Report Year to July 2023

QUARNDON PRESCHOOL

QUARNDON

ANNUAL REPORT YEAR TO JULY 2023

‘

Quarndon Preschool Annual Report Year to July 2023

REPORT OF THE TRUSTEES

This report covers the 12-month period 1[st] August 2022 to 31 July 2023.

STAFFING

The staffing level is now 8. Dawn Mason-Windsor & Linda Swift continued as Preschool Manager & Deputy Manager. The staff have continued to show much dedication and commitment throughout the year.

FINANCES

Direct fees from parents were £12k higher than the previous year.

The financial results for the year was a loss of £17,674.90. This is largely due to the significant inflationary pressures that the Preschool is facing and increased staff and rental costs.

FUNDRAISING

Fundraising activities have continued this year but rising inflationary pressures have hindered this. Fundraising events raised a total of £1.3k, this included voluntary donations, sponsored events and both a Christmas and Summer Fayre.

PRESCHOOL EVENTS

In the second half of the year, events such as a Christmas nativity and Easter show were held for the benefit of both the Preschool children and parents.

RESERVES POLICY

There has been no change to the reserves policy. This is currently set at £28,000 which is to allow for staff payments of a week and a half, plus a quarter charge for rent and an additional sum to allow for any outstanding invoices.

It is also considered desirable to have a sufficient balance in the current account to cover one months’ wages in case we were late receiving funding or fees. The average monthly wages during the period to 31[st] July 2023 was approx. £8k.

In the year 1[st] August 2021 to 31[st] July 2023 the total income was £108.6k and total expenditure was £126.3k.

At July 31[st] 2023 the net assets were £45,785.48, a decrease of £17,674.90 on the prior year.

COMMITTEE MEMBERS AS AT JULY 2023

Helen Large	Chair
Maxine Kelly	Treasurer
Nikki Schofield	Secretary
Jenni Norris	Fundraising

QUARNDON PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDING 31 JULY 2022

Independent Examiner’s Report to the

Trustees of Quarndon Pre-School

I report on the accounts of the Trust for the year ended 31 July 2022 as attached in the Statement of Financial Activities and Balance Sheet.

Respective responsibilities of the trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act;
To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
To state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeing explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to that matter set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

To keep accounting records in accordance with section 130 of the 2011 Act; and
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

ban Erttler

……………………………………………………………………..

Name: Alan Butler

Relevant professional qualification or body: Fellow of the Association of Chartered Certified Accountants Address: 12 Darley Abbey Mills, Darley Abbey, Derby DE22 1DZ

Dated: 19 April 2023

Quarndon Pre School Profit and Loss Report

01 August 2021 - 31 July 2022

Name 31/07/2022 Preschool Fees 51,825.39 DCC Funded Fees 52,839.98 Fundraising Sales 3,526.60 Government Grants Milk Fundraising Costs 642.19 3,581.96 Supplies Activity 2,878.19 Supplies food 4,011.15 Supplies Stationery & cleaning 88.16 Staff Wages and Salaries 88,880.93 Auto Enrolloment Pension 1,372.46 HMRC employers national insurance 34.84 Staff Training 764.80 Marketing 4.60 Staff Uniform 1,121.97 Legal fees - Rent and rates 13,471.00 Office costs 541.78 Phone 971.35 Accountancy 2,702.40 Insurance 1,064.35 Bank charges and interest 40.00 Staff gifts 590.00 HMRC Interest 0.24 Professional fees 313.60 Website costs 222.59 Subscriptions 87.89 Net Profit / (Loss) - 8,030.56	31/07/2021 Debit Credit 42,229.18 51,773.97 2,452.60 283.00 14,274.79 972.72 2,186.80 289.92 79,119.45 1,111.80 934.80 95.78 501.08 170.00 5,615.00 216.93 924.91 2,475.60 1,044.76 25.00 40.00 405.00 102.59 40.68
	14,174.72

Name
31/07/2022
Preschool Fees
51,825.39
DCC Funded Fees
52,839.98
Fundraising Sales
3,526.60
Government Grants
Milk
Fundraising Costs
642.19
3,581.96
Supplies Activity
2,878.19
Supplies food
4,011.15
Supplies Stationery & cleaning
88.16
Staff Wages and Salaries
88,880.93
Auto Enrolloment Pension
1,372.46
HMRC employers national insurance
34.84
Staff Training
764.80
Marketing
4.60
Staff Uniform
1,121.97
Legal fees
-
Rent and rates
13,471.00
Office costs
541.78
Phone
971.35
Accountancy
2,702.40
Insurance
1,064.35
Bank charges and interest
40.00
Staff gifts
590.00
HMRC Interest
0.24
Professional fees
313.60
Website costs
222.59
Subscriptions
87.89
Net Profit / (Loss)
- 8,030.56

31/07/2021
Debit
Credit
42,229.18
51,773.97
2,452.60
283.00
14,274.79
972.72
2,186.80
289.92
79,119.45
1,111.80
934.80
95.78
501.08
170.00
5,615.00
216.93
924.91
2,475.60
1,044.76
25.00
40.00
405.00
102.59
40.68

14,174.72

Quarndon Pre School Balance Sheet

As at 31 July 2022

Name DEBTORS 31/07/2022 £ £ Trade Debtors 4,598.57 Cash at Bank 42,742.34 Cash in hand - Co-op 21,653.62 Other debtors - Total Current Assets 68,994.53 CREDITORS Creditor 3,306.00 Accruals 2,582.40 PAYE - 655.67 Pensions 301.42 Net Wages Total Current Liabilities 5,534.15 Total Net Assets 63,460.38 EQUITY Net Profit/Loss 63,460.38 Net Profit/Loss (prior years) 71,490.94 Net Profit/Loss (current year) - 8,030.56 Total Equity 63,460.38	31/07/2021 £ £ 2,057.48 40,362.48 63.50 31,813.64 -
	74,297.10
	- 2,187.60 329.96 288.60
	2,806.16

	71,490.94
	71,490.94 57,316.22 14,174.72
	71,490.94

Signed By

Dawn Mason-Windsor

Date Signed 2023-04-26 17:25:47 Email Quarndonpre-school@hotmail.co.uk Printed Name Dawn Mason-Windsor IP Address 90.204.143.35 Browser User Agent Mozilla/5.0 (iPhone; CPU iPhone OS 16_4_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/16.4 Mobile/15E148 Safari/604.1 Name of signatory Dawn Windsor