Kingsland Nursery Group Charity Number 1044713 Trustees’ Annual Report For Year Ending 31[st] August 2020
Kingsland Nursery Group is a Pre-School for 2 – 4-year-old children. Our aim is to provide a childfriendly environment, that is safe, caring and stimulating for all the children in our care. We aim to enhance the development and education of our children through play and creativity.
The attached accounts show a true and fair view of the financial performance of Kingsland Nursery Group. There is a slight increase in the cost of Direct Wages, this is a reflection of the Pre-School now staffing 1 over ratio to allow for more focussed one-to-one time with the children. Some costs were significantly lower than previous years as a result of the setting being closed due to the Covid-19 pandemic.
The committee will continue to closely monitor income and expenditure and promote good practice.
Signed………………………………………………………….Rebecca Morgan Edwards (Chairperson)
Profit and Loss
Kingsland Pre-School For the year ended 31 August 2020
| Profit and Loss Kingsland Pre-School For the year ended 31 August 2020 |
||
|---|---|---|
| 2020 | 2019 | |
| Turnover | ||
| HCC - Funding | 59,929.96 | 43,333.55 |
| Nursery Fees | 6,281.00 | 11,714.38 |
| Total Turnover | 66,210.96 | 55,047.93 |
| Cost of Sales | ||
| Arts, Crafts & Activities | 234.41 | 434.61 |
| Direct Wages | 49,383.83 | 40,950.09 |
| Milk, Refreshments & Lunch | 444.60 | 488.30 |
| Total Cost of Sales | 50,062.84 | 41,873.00 |
| Gross Profit | 16,148.12 | 13,174.93 |
| Administrative Costs | ||
| Audit & Accountancy fees | 50.00 | 80.00 |
| Insurance | 278.29 | 278.29 |
| IT Software and Consumables | 651.61 | 641.72 |
| Large items | 1,197.44 | 584.98 |
| Membership & Subscriptions (inc DBS) | 537.38 | 844.26 |
| Motor Vehicle Expenses | - | 125.82 |
| Ofsted | 50.00 | 50.00 |
| Outdoor play area development and maintenance | 1,081.09 | - |
| Pensions Costs | 174.59 | 139.69 |
| Printing, Postage & Stationery | 253.74 | 323.71 |
| Rent | 3,948.00 | 6,203.00 |
| Staff Training | 611.19 | 753.60 |
| Sundry Expenses | 1,328.68 | 1,063.99 |
| Telephone & Internet | 613.01 | 610.85 |
| Toys and resources | 755.60 | 591.02 |
| Travel - National | 181.71 | 7.20 |
| Trips and entertainment | 50.99 | 342.00 |
| Total Administrative Costs | 11,763.32 | 12,640.13 |
| Operating Profit | 4,384.80 | 534.80 |
| Other Income | ||
| Fundraising | 388.02 | (55.85) |
| Interest Income | 35.52 | 53.46 |
| Nursery Milk Scheme | 27.25 | 102.09 |
| Other Revenue | 31.50 | 253.50 |
| Sponsored Bike Ride | - | 528.25 |
| Trip Money - Madley Env Centre | - | 130.00 |
| Total Other Income | 482.29 | 1,011.45 |
Profit and Loss
Kingsland Pre-School
Profit and Loss
| 2020 | 2019 | |
|---|---|---|
| Profit on Ordinary Activities Before Taxation | 4,867.09 | 1,546.25 |
| Profit after Taxation | 4,867.09 | 1,546.25 |
Profit and Loss
Kingsland Pre-School