JUDY CLARK CHILDCARE (INCORPORATING MACULAY OUT OF SCHOOL CLUB) ANNUALACCOUNTS 1st SEPTEMBER 2022 TO 31$ AUGUST 2023 Income OOSC/Playgroup Fees NELC Funding less overpayments Fund Rising / Other Income 29,400.50 72,557.44 -1730.39 534.50 69,827.05 755.67 Bank Interest 100,517.72 endlture Wages, N.l.,Pension Insurance NELC Rent & Services Training Consumable Llcences Utilities Professional Services Software License 8ank Charge Mlsc 109.218.11 1,015.12 9,774.45 343.35 2.974.57 599.06 576.1 2,741.60 1,275.78 399.02 2,060.00 130,977.06 Net Profit for the Year -30,459.34 Bank Accoun Open1￿ 8alance aoslng 891￿Ce Interest Account 93,182.90 62,723.56 Maln A¢¢ount Bank Balance blfwd. 93,182.90 Bank Balance clfwd. 62,723.56 Petty Cash Balance 1.92 1.92 I hereby certlfy that these a¢¢ounts are a true and accurate rewrd. Signed. P. Hargreaves Date 0110812024 JUDY CLARK CHILDCARE IINCORPORATING MACULAY OUT OF SCHOOL CLUB) Main A¢tount Bank r•¢onilliation at 315t Au U5t 2023 Opening balance at start of the Pinancial year Receipts Payments Payments appearing on bank statements 228,196.07 Receipts appearing on bank statements 228.196.07 Totals Inlout on bank statement 228,196.07 228,196.07 Balance as per current bank statement 3110812023 Less cheques paid out not yet on the statement Add amounts paid in not yet on the statement True bank balance at 315t August 2023 JUDY CLARK CHILDCARE IINCORPORATING MACULAY OUT OF SCHOOL CLUB) Int8re5t A¢¢gunl Bank reconilliation at 31st Au U5t 2023 Openlng balance at start of the financlal year 93,182.90 Receipts Payments Payments appearing on bank statements 125.629.05 Receipts appearing on bank statements 95.169.71 Tota15 inlout on bank statement 95.169.71 125,629.05 Balance as per current bank statement 3110812023 62,723.56 Less cheques paid out not yet on the statement Add amounts pald In not yet on the statement True bank balance at 31st August 2023 62,723.56 JUDY CLARK CHILDCARE (INCORPORATING MACULAY OUT OF SCHOOL CLUB) Pet Cash earto 31st Au ust 2023 CREDIT CARD Receipts Payments 3,246.24 Spend for the year Reimbursements Main Account Sep 2022 Oct 2022 2022 2022 2023 2023 267.85 325.75 43.87 551.54 288.14 121.46 Nov Dec Jan Feb Mar 2023 Apr 2023 May 2023 Jun 2023 Jul Aug 468.89 422.54 257.33 116.34 2023 2023 213.25 169.28 3,246.24 CASH Balance B/Fwd 1.92 Receipts Payments Spend for the year Reimbursements Main Account 1.92 Balance C/Fwd 31/0812023 JUDY CLARK CHILDCARE {INCORPORATING MACULAY OUT OF SCHOOL CLUB) Tax Calculation Year to 31st August 2023 Profit / Loss before tax -30,459.34 Addition to Profit Disallowable Expenses 130,977.06 100,517.72 Non Taxable Income -100,517.72 Tax Liability 0.00 judy aèrk Chlldr•r• Statemerrtendln8 3110812023 DI￿￿¢0￿r0uth1 Forward INCOME EXPEIIDITURE BANKTOTAL BANKTofAL Interest Rerthd NELC Funding OOXIPlay8roup Fees Fund Rlslnglother IncomE 755.87 69A27.05 I9,￿.50 534.50 Annual leel Ucen¢es Consumable Dats protectlon lfisurance Flxtureand fktln85 Profe5skinal se￿Ce5-AccOUntJnt Prafe5sicnal Service5- Payrdl Professional Serwce5- HR Tralnlns Rent Utllitles Iservke ¢h•rge Wa8es/ NEST Wages / Net Pay Wa8eslTax Software Ucense Ban*Char8e Itsc 599.06 2,974.57 126. 1,015.12 710.￿) 585.60 1,320.fyJ 343.35 5Q).(X) 9,850.45 4,829.05 95,LY)S.55 9,380.51 1.275.78 399.02 TQTALRECEIPTS £ IlJ),517.72 TOTALPAYMENTS £ 130,977.C6 GPJND TOTAL £ 62.723.56 Balartt Brou8bt Fo)ward 93,182.glJ Balance tsrrlÈd Forwaro E 62,n3.56 I Iwel have obtalned oll the Informatlon and explanatlons whl¢h In my lourl oplnlon were necessaryforthe preparnfjonof rhe o¢count> In mylourl oplnlon. proper books ha¥e been kept an￿th￿ pie5entsfaidythe affairs of Judyclarkchiltkare. g)ed Your Br*)k OIW2024 ## **Year End Accounts Notes** The Charity accounts were produced and reconciled based on the recommended practice applicable to charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ## **Year End Accounts Report** The financial year 22/23 ended in a bit of a worse position than 21/22 although savings on expenditure were achieved. The losses incurred by the Charity for the year amounted to £30,459.34 which in comparison to year 21/22 losses is an extra £10,990.23 more. The main reason for these losses was due to the drop on funding. It will be detrimental for the charity not to generate profit in the future years and it is important to stop using the Save/Reserve account at the current levels in order to compensate the lack of funding. If this continues the Charity will be no longer viable. ## **Income analysis:** There was a major drop on funding and attendance numbers through 22/23 in comparison 21/22. Although the charity successfully managed to collect over £2,000 more in OOSC/Playgroup Fees in comparison to the previous year , the drop of £16,000 in NELC funding overweighed any positive achievement through the year. The new nursery management system still proves to be a successful investment and hopefully the charity will be able to benefit even better from it in the future years. The interest accumulated in the Saving / Reserve account has increased in line with the national interest rate but this is still not enough to generate a substantial addition to income. Additional Fundraising activities were run through the year but the generated income was minimal. ## **Expenditure analysis:** Successful savings were achieved in consumables and wages but still not enough to match the funding and the collected fees. The rent, consumables and utilities are only 17% of the current expenditure. The charity expenditure has been kept to the minimum and the Charity is doing their best to achieve saving where they can. ## **Annual fee / Licences** This includes standard MPLC, PPL PRS, Ofsted annual fee and licences charges. Slight increase here but perfectly in line with inflation. ## **Consumable** The charity made an impressive saving of £3,651.60 in consumable charges this year and hopefully this will continue. ## **Data protection** Standard fee plus all the DBS checks are included in this line. ## **Insurance** The yearly charge has increased in line with the cost of living. ## **Fixture and fittings** No fixture and fittings spent through the year. ## **Professional Services** Small savings on Professional fees were achieved through the year. ## **Training** Staff 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. The service charge cost for 21/22 was paid in 22/23 which created an increase in the cost for the year in comparison with last year. ## **Salaries** Due to a better planning of the workload a saving of £9,640.55 in salary cost was achieved for the year. ## **Petty Cash** The Charity does not use Petty Cash anymore, any day to day expenses are paid by a credit card. ## **Overall recommendations** For a third year on a roll the balance in the Charity’s Reserve/Saving accounts is going dramatically down. If the trend continues for another year without any indication of possible increase in funding / income, the charity could be at risk of closure. I strongly recommend working on various additional paid activities or researching help from other local charities regarding fundraising. The Charity will also benefit dramatically from additional help from active / competent trustees who can help with fundraising activities and researching possible funding opportunities. I would recommend the Judy Clark Childcare to reach out to any local charities for advice and help. The Big Adventure at Judy Clark Childcare West Marsh Children's Centre. Macaulay Street, Grimsby. DN312ES Telephone.. 01472 326818 Mobile.'07544365441 Email.. tam5in.nicolson ov.uk Mlnutesof AGM Date: 30, June 2022 Time: 10.am Attendee5 . Carol Haller Chair Person Tamsin Nitolson Secretary Imanager Jo Taylor deputy manager Apologles: none l. A¢¢ounts Carol is concerned as there was quite a loss last year. Tamsinto look into why £ll,IM wastsken back by NE Lincs 2. Staff Instead of employing more stsff. we will increase Kates hour5 by 2 hour5 per week and Charlotte by 2.5 per week. This will enable us to take 20 children on a Fridayj where as we are Currently limited to 16. It wlll st511 mean staff are havlng to cover a Frlday nlght club at 2.5 hours overtlme each week. How are staff working together? Inside interattion with children is better than outside interaction. Staff need to know when to watch. listen and inte￿ene Staff need to know how to enhance play without disrupting children's play Ofsted don't want to hear stsff asking lots of questions. ie what colour is this? o Need to look at other ways of findin8 Out what children know, such as observin8 and lookin8 at how they group objects etc. Staff will be deployed in their set areas and they need to be interattin8 With the children, not stood about talking to each other Carol will join is for our staff day in September to help 5UPPOrt staff with these i$5ues. Charty Num￿r." 10654880tstÈd rÈgiStratiOrt". 2055MI The Big Adventure at Judy Clark Childcare West Marsh Children's Centre, Macaulay Street, fjrimsby, DN312ES Telephone.. 01472 326818 Mobile.'07544365441 Ernail.. tarr51n.nico150n nelincs. ov.uk 3. Committee members It has always been a struggle to attract committee members. I have I parent l am in the process of signing up. We are doing the OBS rèady for an EY2 form. We will include a committee information letter in with new starter packs. Charity Number. 10654880fsted registration.. 2055