**13[th] August 2023** ## **Upton St Leonards Playgroup & Preschool AGM** ## **Treasurers Report** The setting has had another great year financially in 2022/23, building on a continued year on year increase in profits since the Covid pandemic, reporting a £25k net profit, up £1k from 2021/22. Expenditure is slightly higher in 22/23 driven by the investment in resources and new equipment at the setting, this has included investment in outdoor play equipment, new toy and resource storage and commencing external EYFS organisations providing additional opportunities within the setting i.e., Boogie Babies, Forest School. Additionally with support of a Levelling Up Grant awarded to the trustees of the USL Village Hall the setting financially supported the refurbishment of the children’s bathroom space and changing facilities. Income has increased as the setting has more registered children than previous years and there have been more children receiving additional SEN associated funding and an increase in deprivation funding. Funding via playgroup and preschool fees has remained static, as although overall numbers have increased, the number of children paying fees is the same as the previous year. The increase in income has therefore arisen from the increase in number of children accessing 2- and 3-year funding via GCC. The setting decided to keep setting fees at £6 per hour in 22/23, but GCC increased the hourly rate, although this was lower than the national uplift delegated to local authorities for distribution to local settings. There is an expectation that fee income will continue to remain static or slightly decrease in 23/24 and funded GCC income will increase given the proposed changes to government childcare funding. Rent has slightly increased this year given the increased number of sessions in the annex building. The village hall trustees have not passed on any additional utility costs in year but is expected during 23/24. Staff costs have increased by £6k driven by an uplift in wages in line with the national living wage and additional hours picked up by staff across both playgroup and preschool as it was decided not to recruit the preschool vacancy and cover the hours internally by staffing working across sessions. There has been a noted reduction in fundraising, but this was due to planned reduction in activities in 22/23 given the success of the previous year and continued financial stability. The setting completed 3 fundraising sponsored events which raised £3k. It is proposed a fundraising schedule is developed with a parent/carer fundraising group for the 23/24 academic year. At the time of the accounts being prepared the setting had £83k cash at the bank, across both the current and savings account. £10k was transferred to the savings account, bringing the total to £35k in savings. The setting looks to be going into 23/24 financial year in a strong position, noting that the setting continues to save profits to ensure we have £25k contingency in the bank, as per the constitution and we continue to look to fund an outside Forest School extension and refurbishment and replacement fencing for our outside spaces, with the support of the village hall trustees. ## Upton St Leonards Playgroup ## UNAUDITED ACCOUNTS for the year ended 31 March 2023 ## Brothertons Accountants Ltd Commercial House, 2 Abbeymead Avenue, GLOUCESTER, Gloucestershire, GL4 5UA, United Kingdom ## Upton St Leonards Playgroup Report to the proprietor on the preparation of the unaudited accounts of Upton St Leonards Playgroup ## Year ended 31 March 2023 In accordance with your instructions, I have compiled the accounts on the following pages from the accounting records and from information and explanations supplied to me. I have not carried out an audit or any other review, and consequently I do not, therefore, express any opinion on the accounts. Brothertons Accountants Ltd Commercial House 2 Abbeymead Avenue GLOUCESTER Gloucestershire GL4 5UA United Kingdom Date: 15 September 2023 1 ## Upton St Leonards Playgroup ## ## Year ended 31 March 2023 |Note
**Turnover**
2
Cost of sales
2
**Gross proft**
**Expenditure**
2
Premises costs
Staff costs
Offce costs
General expenses
Finance charges
**Proft for the year**|2023
£
145,032
20,248|2022| |---|---|---| |||£| |||| |||135,646| |||19,483| ||124,784
12,058
85,479
838
1,009
116|116,163| |||| |||11,618| |||78,988| |||387| |||979| |||132| ||99,500|92,104| ||25,284|24,059| |||| 2 ## Upton St Leonards Playgroup Balance Sheet ## 31 March 2023 |Note
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank
**Current liabilities**
5
**Net current assets**
**Net assets**
**Financed by:**
Capital account
6|2023
£
2,976
-
82,665|2022| |---|---|---| |||£| |||| |||| |||2,976| |||| |||746| |||56,659| ||82,665
(3,770)|57,405| |||(3,794)| ||78,895|53,611| ||81,871|56,587| |||| |||| ||81,871|56,587| |||| 3 ## Upton St Leonards Playgroup ## Notes to the Accounts ## Year ended 31 March 2023 ## **1 Accounting policies** ## BASIS OF PREPARATION The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. ## TANGIBLE ASSETS Tangible assets are measured at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. ## **2 Profit and loss account analysis** ## TURNOVER |Nursery Education Funding
Childrens fees
Grants
Fundraising
Other receipts|2023
£
112,480
30,199
-
2,242
111|2022| |---|---|---| |||£| |||92,238| |||30,187| |||4,600| |||5,701| |||2,920| ||145,032|135,646| |||| ## COST OF SALES |Materials|2023
2022
£
£
20,248
19,483|2023
2022
£
£
20,248
19,483| |---|---|---| |||19,483| |||| 4 ## Upton St Leonards Playgroup ## Notes to the Accounts (continued) ## Year ended 31 March 2023 EXPENDITURE |**Premises costs**
Rent
**Staff costs**
Wages and salaries
**Offce costs**
Administration costs
**General expenses**
Training costs
General insurance
**Finance charges**
Bank charges|2023
£
12,058|2022| |---|---|---| |||£| |||| |||11,618| ||2023
£
85,479|| |||| |||2022| |||£| |||| |||78,988| ||2023
£
838|| |||| |||2022| |||£| |||| |||387| ||2023
£
703
306|| |||| |||2022| |||£| |||| |||675| |||304| ||1,009|979| ||2023
£
116|| |||| |||2022| |||£| |||| |||132| |||| 5 ## Upton St Leonards Playgroup ## Notes to the Accounts (continued) ## Year ended 31 March 2023 ## **3 Tangible assets** |**Cost**
At 1 April 2022 and 31 March 2023
**Depreciation**
At 1 April 2022 and 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
**4 Debtors**|Fixtures and
fttings
£
2,976| |---|---| ||-| ||2,976| ||2,976| ||| |Trade debtors
**5 Current liabilities**
Trade creditors|2023
2022
£
£
-
746|2023
2022
£
£
-
746| |---|---|---| |||746| ||2023
2022
£
£
3,770
3,794|| |||| 6 ## Upton St Leonards Playgroup ## Notes to the Accounts (continued) ## Year ended 31 March 2023 ## **6 Capital account** |At 1 April 2022
Net proft for the year
At 31 March 2023|2023
£
56,587
25,284|2022| |---|---|---| |||£| |||32,528| |||24,059| ||81,871|56,587| |||| 7 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustses Upton St Leonards Playgroup 31st March 2023 On accounts for the year ended Charity no (if any) 1053965 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3110312023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ wtth the requirements of the Charities Act 2011 {'the Act.) I 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. I have followed all the applicable Directions given by the Charrty Commission under section 145{5)(b) of the Act. Independent trhe charity's gross income exceeded £250,000 and l am qualified to examinerfs statement undertake Ihe examination by being a qualtfied member of linsert name of applicable listed body]J. Delete l J rfnot ap￿iCable. I have completed my examination. I 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.. the accounting records were not kept in accordance with section 130 of the Charrties Act, or the accounts did not accord wrth the accounting records,. or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set OLrt in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter onsidered as part of an independent examination. I 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 wonls in the brackets rfthey do nol apply. Date: Sign￿. 1510912023 Name: Laura Pitt Relevant professional qualificationls) or body FCCA IER Oct 2018 (if any): Address: Brothertons Accountants, Commercial House. 2 Abbeymead Avenue, Gloucester, GL4 SUA Section B Disclosure Only complete If the examiner needs to .Iighlignl material malteis of concern (see CC32, Independent examination of charrty accounts.. directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018