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 

- 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) 

- 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 

- the items in yellow on sheet 2 have differences (probably because categorised differently but still 

- 1.5K extra costs on my calculations - maybe due to duplication, but may be something missed?) 

- the items in green on sheet 2 are the same (from my calculation and yours - or very close) 

- the items in red are duplicate invoices so have been entered as zero / 0 

- 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**<br>**Shoreham Village PreSchool**<br>**As at 31 August 2022**|**Balance Sheet**<br>**Shoreham Village PreSchool**<br>**As at 31 August 2022**|
|---|---|
|**31 AUG 2022**||
|**Fixed Assets**||
||**Tangible Assets**|
||Equipment - Sizeable Toys<br>403.91|
||Fixtures and fittings<br>5,890.86|
||Less Accumulated Depreciation on Equipment - Sizeable Toys<br>(403.91)|
||Less Accumulated Depreciation on Fixtures and fittings<br>(3,582.38)|
||Less Accumulated Depreciation on Office Equipment<br>(909.94)|
||Less Accumulated Depreciation on Playground fittings<br>(33,720.74)|
||Office Equipment<br>1,889.96|
||Playground fittings<br>35,644.00|
||**Total Tangible Assets**<br>**5,211.76**|
|**Total Fixed Assets**<br>**5,211.76**<br>**Current Assets**||
||**Cash at bank and in hand**|
||GBP PayPal<br>1,433.97|
||Lloyds - Business Instant<br>9,719.25|
||Lloyds - Treasurers account<br>2,954.57|
||**Total Cash at bank and in hand**<br>**14,107.79**|
||Accounts Receivable<br>916.00|
||Suspense - Paypal Control a/c<br>143.94|
|**Total Current Assets**<br>**15,167.73**<br>**Creditors: amounts falling due withinone year**||
|Accruals<br>797.28||
|PAYE and NIC Payable<br>413.06||
|Pensions Payable<br>200.55||
|**Total Creditors: amounts falling due within one year**<br>**1,410.89**||
|**Net Current Assets (Liabilities)**<br>**13,756.84**||
|**Total Assets less Current Liabilities**<br>**18,968.60**||
|**Net Assets**<br>**18,968.60**<br>**Capital and Reserves**||
|Current Year Earnings<br>(4,463.50)||
|Retained Earnings<br>23,432.10||
|**Total Capital and Reserves**<br>**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**<br>**Shoreham Village PreSchool**<br>**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