Year End Accounts Notes
The Charity accounts were produced and reconciled based on the provided and requested support documents following standard accountancy practices.
Overall 20/21 financial year was much harder then 19/20 as expected. The losses for the Year incurred by the Charity amounted to £58,578.67.
Income analysis:
The Charity has experienced another difficult year with a drop in OOSC/Playgroup Fees of £6,384.67 in addition to the last year drop of £14,909.99. NELC funding has also reduced with £28,079.25. This is all due to the limit number capacity of children throughout the year.
The Charity didn’t manage to accumulate in addition much interest again due to the diminution balance in the Saving / Reserve account.
TN – Do we have a plan to reverse this down trend on fees and funding?
Funding was down due to having to limit the number of children we could take due to staff leaving and struggling to find suitable replacements. Hopefully this will be better as we can now take more children.
Also we are looking into the hours better when we replace staff, and how we can reduce wage bill.
We are also going to be doing fundraising activities to help cover costs of resources etc.
Expenditure analysis:
Annual fee / Licences
Standard MPLC and PPL PRS charges.
Consumable
Due to the better analyse of cost the Charity has a positive drop of £1,023.04 in Consumable compare to last year figure.
Data protection
Standard fee.
Insurance
Same as last year, no changes.
Fixture and fittings
The Charity has invested in required for the setting fixture and fittings.
Professional Services
The increase in cost here is due to couple of outstanding invoices for payroll services from prior years.
Training
Staffs have received the required training in accordance with their responsibilities.
NELC – Utilities/Service charges /Rent
Rent charges are standard and there is no change there.
In addition to this year Service charge invoice the Charity had to pay a prior year one as well hence the increase in cost here.
Salaries
There is overall increase of £13,084.32 to the yearly salary plus on cost.
Petty Cash
The Charity do not use anymore Petty Cash, any day to day expenses are paid by a credit card.
JUDY CLARK CHILDCARE
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
| Tax Calculation Year to 31st August 2021 Profit / Loss before tax Addition to Profit Disallowable Expenses Non Taxable Income Tax Liability |
-58,578.67 0 139,924.97 |
|---|---|
| 81,346.30 -81,346.30 |
|
| 0.00 |
JUDY CLARK CHILDCARE
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
Petty Cash year to 31st August 2021
CREDIT CARD
Receipts Payments Spend for the year 5,451.58 Reimbursements Main Account £ Sep 2020 18.24 Oct 2020 43.66 Nov 2020 724.13 Dec 2020 604.10 Jan 2021 113.18 Feb 2021 522.57 Mar 2021 149.21 Apr 2021 761.85 May 2021 996.42 Jun 2021 293.61 Jul 2021 444.62 Aug 2021 779.99 5,451.58 CASH Balance B/Fwd 1.92 Receipts Payments - - Spend for the year Reimbursements Main Account £ 1.92 Balance C/Fwd 31/08/2021
JUDY CLARK CHILDCARE
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
Main Account
Bank reconilliation at 31st August 2021
| Opening balance at start of the financial year | 0.00 | |
|---|---|---|
| Receipts | Payments | |
| Payments appearing on bank statements | 224,189.33 | |
| Receipts appearing on bank statements | 224,189.33 | |
| Totals in/out on bank statement | 224,189.33 | 224,189.33 |
| 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 2021 | 0.00 |
JUDY CLARK CHILDCARE
(INCORPORATING MACULAY OUT OF SCHOOL CLUB)
| Interest Account | |||
|---|---|---|---|
| Bank reconilliation at 31st August 2021 | |||
| Opening balance at start of the financial year | 171,230.68 | ||
| Receipts | Payments | ||
| Payments appearing on bank statements | 139,699.18 | ||
| Receipts appearing on bank statements | 81,120.51 | ||
| Totals in/out on bank statement | 81,120.51 | 139,699.18 | |
| Balance as per current bank statement 31/08/2021 | 112,652.01 | ||
| 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 2021 | 112,652.01 |
Year End Accounts Notes
The Charity accounts were produced and reconciled based on the provided and requested support documents following standard accountancy practices.
Overall 20/21 financial year was much harder then 19/20 as expected. The losses for the Year incurred by the Charity amounted to £58,578.67.
Income analysis:
The Charity has experienced another difficult year with a drop in OOSC/Playgroup Fees of £6,384.67 in addition to the last year drop of £14,909.99. NELC funding has also reduced with £28,079.25. This is all due to the limit number capacity of children throughout the year.
The Charity didn’t manage to accumulate in addition much interest again due to the diminution balance in the Saving / Reserve account.
TN – Do we have a plan to reverse this down trend on fees and funding?
Funding was down due to having to limit the number of children we could take due to staff leaving and struggling to find suitable replacements. Hopefully this will be better as we can now take more children.
Also we are looking into the hours better when we replace staff, and how we can reduce wage bill.
We are also going to be doing fundraising activities to help cover costs of resources etc.
Expenditure analysis:
Annual fee / Licences
Standard MPLC and PPL PRS charges.
Consumable
Due to the better analyse of cost the Charity has a positive drop of £1,023.04 in Consumable compare to last year figure.
Data protection
Standard fee.
Insurance
Same as last year, no changes.
Fixture and fittings
The Charity has invested in required for the setting fixture and fittings.
Professional Services
The increase in cost here is due to couple of outstanding invoices for payroll services from prior years.
Training
Staffs have received the required training in accordance with their responsibilities.
NELC – Utilities/Service charges /Rent
Rent charges are standard and there is no change there.
In addition to this year Service charge invoice the Charity had to pay a prior year one as well hence the increase in cost here.
Salaries
There is overall increase of £13,084.32 to the yearly salary plus on cost.
Petty Cash
The Charity do not use anymore Petty Cash, any day to day expenses are paid by a credit card.