JUDY CLARK CHILDCARE
(INCORPORATING MACULAY OUT OF SCHOOL auB)
ANNUAL Accoupifs
tst SEPTEMBER 2019 TO 3ts AUGUST 2020
(XWPlaygroup Fees
NELC Fundirvd
less overpayments
19,152.47
97,093.95
450.qK)
96,fA3.95
14.776.84
JRS GRANT
Bank Intere5r
130,977.32
Wa8es. N.l.,PensM
Insur•nce
Rent & SeThic
Tralnlng
8ad Debt Collect
Resources
Sundry expenses
Genernl 8111$
Llcences
Utllltles
ProfessloMI SeThkes
102.741.59
779.09
6.786.53
35.
318.70
392.92
27.
4,625.68
220.Th)
576.1X)
105.39
116.607.
14,369.42
156.86126
171.230.68
Bank BalMKe b/fwd.
156.861.26
171,230.68
5037
1.92
P. Harve5
Judy Clark Chlldcare
Statement ending 3U0812020
£6L26
INQ)ME
TOTAL
£220.C¥)
£4.625.68
£318.70
£779.09
£105.39
£27.(¥J
£392.92
£220.C
£4,625.68
£31&70
£779.09
£105.39
£27.C()
£392.92
JRSGKA
14ELC Fundln8
OOSC/Playgroup Fee5
4.77&84 E14.776A4 Blb. Gewal
£9fi643.95 £96.643.95 Debt ttAIK
£19.15Z47 f19.15147
'T 11
Tréuii
£35.C
£35.TrJ
£576.IXI
£576.
£6,786.53
£6.786.53
£3,519.78
£3.519.78
£88.635.53 E88,635.53
£10.586.28 £10,586.28
Waysl NE
W•p5114èt Pav
W•ps l T•x
TOTAL RECEIPTS UJ>37732
TOTAL PAYM£NTS £116.607.90
GRAND TOTAL £171230.68
Balan 8routh ForwaTd
£15Q861.26
É17L2>J.68
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Y(r Book
OJm20
## **JUDY CLARK CHILDCARE**
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
## **Main Account**
**Bank reconilliation at 31st August 2020**
|Opening balance at start of the financial year|0.00||
|---|---|---|
||Receipts|Payments|
|Payments appearing on bank statements||245,028.71|
|Receipts appearing on bank statements|245,028.71||
|Totals in/out on bank statement|245,028.71|245,028.71|
|Balance as per current bank statement 31/08/2020|0.00||
|Less cheques paid out not yet on the statement|0.00||
|Add amounts paid in not yet on the statement|0.00||
|True bank balance at 31st August 2020|0.00||
## **JUDY CLARK CHILDCARE**
|**JUDY CLARK CHILDCARE**|||
|---|---|---|
|(INCORPORATING MACULAY OUT OF SCHOOL|CLUB)||
|**Interest Account**|||
|**Bank reconilliation at 31st August 2020**|||
|Opening balance at start of the financial year|156,861.26||
||Receipts|Payments|
|Payments appearing on bank statements||114,005.45|
|Receipts appearing on bank statements|128,374.87||
|Totals in/out on bank statement|128,374.87|114,005.45|
|Balance as per current bank statement 31/08/2020|171,230.68||
|Less cheques paid out not yet on the statement|0.00||
|Add amounts paid in not yet on the statement|0.00||
|True bank balance at 31st August 2020|171,230.68||
## **JUDY CLARK CHILDCARE**
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
## **Petty Cash year to 31st August 2020**
## **CREDIT CARD**
Balance B/Fwd Receipts Payments Spend for the year 4,625.68
Reimbursements
Main Account £ Sep 2019 56.40 Oct 2019 203.16 Nov 2019 189.60 Dec 2019 974.26 Jan 2020 597.02 Feb 2020 233.36 Mar 2020 455.63 Apr 2020 321.67 May 2020 90.09 Jun 2020 475.27 Jul 2020 573.33 Aug 2020 455.89 4,625.68
Balance C/Fwd 31/08/2020
## **CASH**
Balance B/Fwd 50.37 Receipts Payments Spend for the year 48.45 Reimbursements Main Account £ 1.92 Balance C/Fwd 31/08/2020
## **JUDY CLARK CHILDCARE**
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
|Tax Calculation Year to 31st August 2020
Profit / Loss before tax
Addition to Profit
Disallowable Expenses
Non Taxable Income
Tax Liability|14,369.42
0
116,607.90|
|---|---|
||130,977.32
-130,977.32|
||0.00|
## **Accounts Notes**
Reconciliation of the both bank accounts were produced based on the statements provided and the requested support documentations.
Overall 19/20 financial year was much more positive the 18/19. The charity achieved a profit of £14,369.42 in the year which considering Covid-19 lockdown it is remarkable.
## **Income analysis:**
A drop of £14,909.99 in the OOSC/Playgroup Fees was observed due to Covid-19 lockdowns but the increase in funding and the successful application for the JRS grant covered that loss.
## **Expenditure analysis:**
Debt collector
Drop in the Debt collection cost.
## Insurance
Insurance cost has increased slightly but this is expected.
## Petty cash
Not much spent on Petty cash due to the use of Credit card, lockdowns and arranging new signatories towards the end of the year.
## Resources
Drop in resource cost due to lockdowns and perhaps the slightly different approach on analysing the data from the previous accountant.
## Training
Drop in training cost.
## Utilities – Broadband
No change in the cost.
NELC – Utilities/Service charges /Rent
Two service charge invoices were paid during 19/20 which gave the impression of an increase in the cost but actually one was covering the period of 01/10/2018 – 31/03/2019 and the other one was covering the period 01/04/2019 – 31/03/2020.
## Pension
Slightly increase in the pension cost but this is expected.
Wages
Drop in salary cost due to Covid-19 lockdown.
## General bills
The increase in general bills is due to allocating all the credit card transactions to this category. Due to not receiving credit card statements, we are unable to reconcile and analyse the spent properly although invoices and receipts were provided. As explained previously, we find this situation as a higher risk and we strongly recommend you to resolve this issue to prevent risk of fraud / theft.
## Payroll
Only one small payment during the year.