Quarndon Preschool Annual Report Year to July 2024
## QUARNDON PRESCHOOL QUARNDON
ANNUAL REPORT YEAR TO JULY 2024
‘
Quarndon Preschool Annual Report Year to July 2024
## REPORT OF THE TRUSTEES
This report covers the 12-month period 1[st] August 2023 to 31 July 2024.
## STAFFING
The staffing level is now 8, with an additional staff member on maternity leave. Dawn MasonWindsor & 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 £27k higher than the previous year.
The financial results for the year was a profit of £17,905.72. This is largely due to the increased number at the before and after school club provision. The Preschool continues to face significant inflationary pressures as well as 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 £260, 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 2024 was approx. £9k.
In the year 1[st] August 2023 to 31[st] July 2024 the total income was £162.2k and total expenditure was £144.2k.
At July 31[st] 2024 the net assets were £63.7k, an increase of £17.9k on the prior year.
## COMMITTEE MEMBERS AS AT JULY 2024
Helen Large Chair Maxine Kelly Treasurer Nikki Schofield Secretary Jenni Norris Fundraising
1
Charity Number: 1043200
**QUARNDON PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDING**
**31 JULY 2024**
## **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 2024 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:
……………………………………………………………………..
## 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: 05 February 2025**
**Quarndon Pre School Profit and Loss Report**
## _**01 August 2023 - 31 July 2024**_
## **31/07/2024 31/07/2023**
## **Name**
|**Debit**
**Income**
Preschool Fees
DCC Funded Fees
Fundraising Sales
**Less expenses**
Fundraising Costs
146.34
Supplies Activity
892.13
Supplies food
5,086.72
Supplies Stationery & cleaning
21.99
Staff Wages and Salaries
110,425.22
Auto Enrollment Pension
1,350.73
HMRC employers national insurance
1,446.20
Staff Training
714.00
Marketing
-
Staff Uniform
128.00
Staff entertainment
-
Health and safety
85.00
Rent and rates
17,715.75
Office costs
264.96
Phone
1,209.66
Accountancy
2,793.60
Insurance
1,306.28
Bank charges and interest
20.00
Staff gifts
50.00
Donations
186.00
Professional fees
93.75
Website costs
266.27
Subscriptions
44.93|**Credit**
**Debit**
90,998.97
70,894.18
260.10
162,153.25
180.00
4,066.43
4,216.65
342.64
97,272.83
1,437.87
-
-
-
29.60
72.80
170.00
12,398.00
480.47
1,076.51
2,839.20
1,095.93
-
350.00
-
85.00
119.27
144,247.53
101.88|**Credit**
63,874.40
43,452.78
1,333.00
108,660.18
126,335.08|
|---|---|---|
**Net Profit / (Loss)**
**17,905.72 (17,674.90)**
## **Quarndon Pre School Balance Sheet**
## _**As at 31 July 2024**_
|**Name**
**DEBTORS**
**31/07/2024**
**£**
**£**
Trade Debtors
3,307.66
Cash at Bank
62,510.61
Cash in hand
-
Co-op
1,859.87
Other debtors
-
**Total Current Assets**
**67,678.14**
**CREDITORS**
Creditor
-
Accruals
2,793.60
PAYE
1,051.18
Pensions
142.16
Net Wages
**Total Current Liabilities**
**3,986.94**
**Total Net Assets**
**63,691.20**
**EQUITY**
Net Profit/Loss
63,691.20
_Net Profit/Loss (prior years)_
45,785.48
_Net Profit/Loss (current year)_
17,905.72
**Total Equity**
**63,691.20**|**31/07/2023**
**£**
**£**
1,792.10
30,282.53
-
18,296.19
-|
|---|---|
||**50,370.82**|
||-
2,695.20
1,635.84
254.30|
||**4,585.34**|
|||
||**45,785.48**|
||45,785.48
63,460.38
- 17,674.90|
||**45,785.48**|
Charity Number: 1043200
**QUARNDON PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDING**
**31 JULY 2024**
## **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 2024 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:
……………………………………………………………………..
## 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: 05 February 2025**
**Quarndon Pre School Profit and Loss Report**
## _**01 August 2023 - 31 July 2024**_
## **31/07/2024 31/07/2023**
## **Name**
|**Debit**
**Income**
Preschool Fees
DCC Funded Fees
Fundraising Sales
**Less expenses**
Fundraising Costs
146.34
Supplies Activity
892.13
Supplies food
5,086.72
Supplies Stationery & cleaning
21.99
Staff Wages and Salaries
110,425.22
Auto Enrollment Pension
1,350.73
HMRC employers national insurance
1,446.20
Staff Training
714.00
Marketing
-
Staff Uniform
128.00
Staff entertainment
-
Health and safety
85.00
Rent and rates
17,715.75
Office costs
264.96
Phone
1,209.66
Accountancy
2,793.60
Insurance
1,306.28
Bank charges and interest
20.00
Staff gifts
50.00
Donations
186.00
Professional fees
93.75
Website costs
266.27
Subscriptions
44.93|**Credit**
**Debit**
90,998.97
70,894.18
260.10
162,153.25
180.00
4,066.43
4,216.65
342.64
97,272.83
1,437.87
-
-
-
29.60
72.80
170.00
12,398.00
480.47
1,076.51
2,839.20
1,095.93
-
350.00
-
85.00
119.27
144,247.53
101.88|**Credit**
63,874.40
43,452.78
1,333.00
108,660.18
126,335.08|
|---|---|---|
**Net Profit / (Loss)**
**17,905.72 (17,674.90)**
## **Quarndon Pre School Balance Sheet**
## _**As at 31 July 2024**_
|**Name**
**DEBTORS**
**31/07/2024**
**£**
**£**
Trade Debtors
3,307.66
Cash at Bank
62,510.61
Cash in hand
-
Co-op
1,859.87
Other debtors
-
**Total Current Assets**
**67,678.14**
**CREDITORS**
Creditor
-
Accruals
2,793.60
PAYE
1,051.18
Pensions
142.16
Net Wages
**Total Current Liabilities**
**3,986.94**
**Total Net Assets**
**63,691.20**
**EQUITY**
Net Profit/Loss
63,691.20
_Net Profit/Loss (prior years)_
45,785.48
_Net Profit/Loss (current year)_
17,905.72
**Total Equity**
**63,691.20**|**31/07/2023**
**£**
**£**
1,792.10
30,282.53
-
18,296.19
-|
|---|---|
||**50,370.82**|
||-
2,695.20
1,635.84
254.30|
||**4,585.34**|
|||
||**45,785.48**|
||45,785.48
63,460.38
- 17,674.90|
||**45,785.48**|