Ladybirds Preschool
Registered Charity No: 1043683 Financial Accounts for the 31 August 2022
Prepared by
S. W. Bookkeeping Services
Prepared on 14 April 2023
For Internal use only
Table of Contents
Financial Activities............................................................................................................................................4 Balance Sheet..................................................................................................................................................6 Statement of Cash Flows.................................................................................................................................7
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- Ladybirds Pre School Keelby List of Trustees: Julie Gough Chair Vice Chair Helen Ware Treasurer Secretary Lynsey Gough Helen Somerscales Rebecca Wakefield Contact Address: Ladybirds Pre-school Keelby CP School Manor Street Keelby Grimsby DN41 8EF Bankers: Barclays Bank Victoria Street Grimsby North East Lincolnshire
Ladybirds Preschool
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Financial Activities
September 2021 - August 2022
| Financial Activities September 2021 - August 2022 |
||
|---|---|---|
| Total | ||
| Sep 2021 - Aug 2022 | Sep 2020 - Aug 2021(PY) | |
| INCOME | ||
| Discounts given | -33.50 | |
| Forlough | 1,902.15 | |
| Funding from Council | 79,046.85 | 48,513.53 |
| Grant | 16,999.91 | |
| Service/Fee Income | 75.00 | |
| Before and After | 3,363.55 | 9,115.57 |
| Preschool | 115,262.68 | 65,051.33 |
| Total Service/Fee Income | 118,626.23 | 74,241.90 |
| Services | -93,085.75 | -48,965.30 |
| Training income | 500.00 | 500.00 |
| Uncategorised Income | 2,458.53 | 992.22 |
| Total Income | 107,512.36 | 94,184.41 |
| COST OF SALES | ||
| Cost of sales | -1,020.18 | |
| Total Cost of Sales | -1,020.18 | 0.00 |
| GROSS PROFIT | 108,532.54 | 94,184.41 |
| EXPENSES | ||
| Accounts Software | 305.80 | 287.20 |
| Advertising/Promotional | 100.00 | |
| Bookkeeping | 607.50 | 686.25 |
| Cleaning/Hygiene | 980.70 | 668.21 |
| Computer Costs | 192.62 | 108.50 |
| Courses | 360.00 | |
| Education Materials Crafts | 630.48 | 526.65 |
| Entertainment | 140.00 | |
| Fire Safety Maintenance | 127.20 | 41.40 |
| Food Supplies | 134.90 | |
| Insurances | 3,034.84 | 2,863.23 |
| Legal and professional fees | 50.00 | 441.60 |
| Maint/Devpt/Equip | 331.34 | 6,011.45 |
| Non-Domestic Rates | 1,419.80 | 3,194.41 |
| Office/General Administrative Expenditures | 1,723.76 | |
| OFSED | 50.00 | |
| Other Professional Services | 35.00 | |
| OurSchoolAPP | -373.00 | |
| Payroll Expenses | 55.60 | |
| Pension | 2,247.66 | 1,853.24 |
| Taxes | 2,034.45 | 1,247.77 |
| Wages | 94,279.04 | 79,581.17 |
| Total Payroll Expenses | 98,616.75 | 82,682.18 |
| Phone Costs | 90.00 |
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Ladybirds Preschool
| Total | ||
|---|---|---|
| Sep 2021 - Aug 2022 | Sep 2020 - Aug 2021(PY) | |
| Phone/Internet | 1,119.95 | 1,909.52 |
| Printing, Postage and Stationery | 858.36 | 624.82 |
| Raising funds | -200.00 | |
| Rent | 2,000.00 | |
| Repair and maintenance | 115.86 | 1,289.00 |
| Staff Uniform | 45.00 | |
| Subscription | 300.00 | |
| Training | 90.00 | |
| TV Licence | 159.00 | 157.50 |
| Total Expenses | 110,485.96 | 104,051.82 |
| NET OPERATING INCOME | -1,953.42 | -9,867.41 |
| OTHER INCOME | ||
| Interest earned | 1.10 | 1.38 |
| Total Other Income | 1.10 | 1.38 |
| NET OTHER INCOME | 1.10 | 1.38 |
| NET INCOME | £ -1,952.32 | £ -9,866.03 |
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Ladybirds Preschool
Balance Sheet
As of August 31, 2022
| Balance Sheet As of August 31, 2022 |
||
|---|---|---|
| Total | ||
| As of Aug 31, 2022 | As of Aug 31, 2021(PY) | |
| FIXED ASSET | ||
| Total Fixed Asset | ||
| CASH AT BANK AND IN HAND | ||
| Cash on hand | 736.10 | 348.80 |
| Current | 33,701.22 | 36,753.87 |
| Savings Account | 7,394.30 | 7,393.20 |
| Total Cash at bank and in hand | 41,831.62 | 44,495.87 |
| DEBTORS | ||
| Debtors | 4,402.76 | 4,577.56 |
| Total Debtors | 4,402.76 | 4,577.56 |
| NET CURRENT ASSETS | 46,234.38 | 49,073.43 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade Creditors | ||
| Creditors | 1,952.93 | 2,508.93 |
| Total Trade Creditors | 1,952.93 | 2,508.93 |
| Current Liabilities | ||
| Payroll Liabilities | ||
| HMRC | 1,412.53 | 1,384.00 |
| Pension | 431.45 | 790.71 |
| Total Payroll Liabilities | 1,843.98 | 2,174.71 |
| Tax and National Insurance | -1,080.07 | -1,080.07 |
| Total Current Liabilities | 763.91 | 1,094.64 |
| Total Creditors: amounts falling due within oneyear | 2,716.84 | 3,603.57 |
| NET CURRENT ASSETS(LIABILITIES) | 43,517.54 | 45,469.86 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 43,517.54 | 45,469.86 |
| TOTAL NET ASSETS (LIABILITIES) | £43,517.54 | £45,469.86 |
| CAPITAL AND RESERVES | ||
| Opening Balance Equity | 35,817.19 | 35,817.19 |
| Retained Earnings | 9,652.67 | 19,518.70 |
| Profit for theyear | -1,952.32 | -9,866.03 |
| Total Capital and Reserves | £43,517.54 | £45,469.86 |
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Ladybirds Preschool
Statement of Cash Flows
September 2021 - August 2022
| Statement of Cash Flows September 2021 - August 2022 |
|
|---|---|
| Total | |
| OPERATING ACTIVITIES | |
| Net Income | -1,952.32 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: | |
| Debtors | 174.80 |
| Creditors | -556.00 |
| Payroll Liabilities:HMRC | 28.53 |
| Payroll Liabilities:Pension | -359.26 |
| Total Adjustments to reconcile Net Income to Net Cashprovided by operations: | -711.93 |
| Net cashprovided by operating activities | -2,664.25 |
| NET CASH INCREASE FOR PERIOD | -2,664.25 |
| Cash at beginningofperiod | 44,495.87 |
| CASH AT END OF PERIOD | £41,831.62 |
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Ladybirds Preschool
Ladybirds Preschool Keelby Primary Academy Manor Street
Keelby
Grimsby North Lincolnshire DN41 8EF
Trustees : Chairperson – Belinda Hazzard, Secretary – Lynsey Gough, Treasurer – Helen Somerscales, General Committee – Julie Gough, Simon Chadwick and Becky Wakefield.
In 2021 – 2022 our strategy was to continue training our staff to the highest possible levels therefore enabling us to provide the best childcare setting in the local area. We continue to review our policies, particularly looking at ways to reduce our bad debt liability. Our plans to expand the premises are currently on hold. We continue to use the EYFS curriculum which is fully implemented in all areas both inside and out. Our links with the primary school are strong and good with transition from preschool to foundation class being seamless even with pandemic restrictions. We continue to build strong bonds with our parents/carers who have been supportive in the committees decision to change over to a Charitable Incorporated Organisation.
Belinda Hazzard, ChairThese accounts were approved by the committee on and signed on its behalf by:
Chair Date
Treasurer Date
Finance Officer Date S. W. Bookkeeping Services
I have considered the books and records of the Ladybirds Preschooland in my independent opinion I believe the report to be a true and fair statement of the accounts.
Ladybirds Preschool
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