Shoreham Village Preschool Office
From: Shoreham Village Preschool Office Sent: 04 July 2024 09:45 To: Rhianna Watts Subject: RE: Accounts 21-22
Morning, thanks for doing such a detailed review, I’ve had a quick look at noted where I think the deviations you’ve noted would come from:
The Stenic electrical invoice for £2,379.51 paid 02/11/21 was recorded as an asset and not the full value was costed in the accounts in FY21-22, around £495 was seen through the deprecation in that years accounts. There is also an accrual of £398.54 for rent to KCC which was not paid until FY23-24 due to the issue with KCC not invoicing us. I’ve also noted: That 1 BT invoice M068 at £27.85 was paid in FY21-22 but the invoice was not in the folder. KCC invoice 2558483 for £33.58 was in the folder but is actually paid in FY22-23
I believe that covers off the noted £1.5k difference in the overall costs, let me know if you have any other queries or are happy with the accounts now.
Thanks, Dan
From: Rhianna Watts Sent: Wednesday, July 3, 2024 10:31 PM To: Shoreham Village Preschool Office Subject: Accounts 21-22
Hello
Apologies for the delay.
We have gone through the accounts - I think it looks fine, just a couple of queries. I found it easier to generate my own spreadsheet to work through the accounts - see attached
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Some costs cannot be checked as there is no further information on them e.g., salary, pension etc - so they have been inputted as in the overview sheets from the accounts (these are in orange)
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I make the running costs 1.5K approx more than it has in the profit/loss overview sheet (from the invoices and bills) - I may have duplicated some as I don't think I categorised items in the same way - but wanted to flag this just in case
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the items in yellow on sheet 2 have differences (probably because categorised differently but still
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1.5K extra costs on my calculations - maybe due to duplication, but may be something missed?)
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the items in green on sheet 2 are the same (from my calculation and yours - or very close)
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the items in red are duplicate invoices so have been entered as zero / 0
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the items in grey are from a previous financial year - but may have been paid in this financial year
Around if want to talk anything through!
1
Bw
Rhianna
Balance Sheet
Shoreham Village PreSchool As at 31 August 2022
| Balance Sheet Shoreham Village PreSchool As at 31 August 2022 |
Balance Sheet Shoreham Village PreSchool As at 31 August 2022 |
|---|---|
| 31 AUG 2022 | |
| Fixed Assets | |
| Tangible Assets | |
| Equipment - Sizeable Toys 403.91 |
|
| Fixtures and fittings 5,890.86 |
|
| Less Accumulated Depreciation on Equipment - Sizeable Toys (403.91) |
|
| Less Accumulated Depreciation on Fixtures and fittings (3,582.38) |
|
| Less Accumulated Depreciation on Office Equipment (909.94) |
|
| Less Accumulated Depreciation on Playground fittings (33,720.74) |
|
| Office Equipment 1,889.96 |
|
| Playground fittings 35,644.00 |
|
| Total Tangible Assets 5,211.76 |
|
| Total Fixed Assets 5,211.76 Current Assets |
|
| Cash at bank and in hand | |
| GBP PayPal 1,433.97 |
|
| Lloyds - Business Instant 9,719.25 |
|
| Lloyds - Treasurers account 2,954.57 |
|
| Total Cash at bank and in hand 14,107.79 |
|
| Accounts Receivable 916.00 |
|
| Suspense - Paypal Control a/c 143.94 |
|
| Total Current Assets 15,167.73 Creditors: amounts falling due withinone year |
|
| Accruals 797.28 |
|
| PAYE and NIC Payable 413.06 |
|
| Pensions Payable 200.55 |
|
| Total Creditors: amounts falling due within one year 1,410.89 |
|
| Net Current Assets (Liabilities) 13,756.84 |
|
| Total Assets less Current Liabilities 18,968.60 |
|
| Net Assets 18,968.60 Capital and Reserves |
|
| Current Year Earnings (4,463.50) |
|
| Retained Earnings 23,432.10 |
|
| Total Capital and Reserves 18,968.60 |
26 Apr 2024 Page 1 of 1
Balance Sheet Shoreham Village PreSchool
Profit and Loss
Shoreham Village PreSchool For the year ended 31 August 2022
| Profit and Loss Shoreham Village PreSchool For the year ended 31 August 2022 |
|
|---|---|
| 2022 | |
| Turnover | |
| Grants and Donations | 1,529.54 |
| KCC Funding - Extended | 2,039.29 |
| KCC Funding - FF2 | 2,950.33 |
| KCC Funding - Universal | 21,788.64 |
| Miscellaneous Income | 50.00 |
| Parental Fee Payments | 30,734.69 |
| Parental Snack Income | 1,305.77 |
| Total Turnover | 60,398.26 |
| Gross Profit | 60,398.26 |
| Administrative Costs | |
| Advertising & Marketing | 120.00 |
| Audit & Accountancy fees | 811.20 |
| Bank Fees | 299.40 |
| Building - Repairs & Maintenance | 453.85 |
| Cleaning | 1,104.92 |
| Depreciation Expense | 1,789.72 |
| Equipment and consumables | 3,934.30 |
| Interest Paid | (1.20) |
| Light, Power, Heating | 677.08 |
| Miscellaneous purchases | 80.00 |
| Pensions Costs | 867.21 |
| Rates | 1,550.78 |
| Rent | 398.54 |
| Salaries | 49,964.51 |
| Snack purchases | 616.94 |
| Staff Training | 546.57 |
| Subscriptions | 675.78 |
| Telephone & Internet | 385.71 |
| Uniform Purchase | 586.45 |
| Total Administrative Costs | 64,861.76 |
| Operating Profit | (4,463.50) |
| Profit on Ordinary Activities Before Taxation | (4,463.50) |
| Profit after Taxation | (4,463.50) |
Profit and Loss Shoreham Village PreSchool
26 Apr 2024 Page 1 of 1