## **Northern Pastures Preschool** ## **Treasurer’s Report** ## **Finances for the fnancial year 20-21** Overall, for the year ending 31[st] March 2021, Northern Pastures Preschool achieved a surplus of £11,410 meaning that the money coming into preschool was higher than what was spent by £11,410. Our spending was reduced greatly towards the end of the financial year due to the impending lockdown due to COVID-19. Preschool had a total income of £76,567 which was £15,938 less than the previous year. This was generated most from fees payable by parents, funding from the government and committee fundraising activities. The expenditure for the year has reduced by £15,520 to £65,156.73 in comparison to £80,677 last year. Wages have decreased by £4,483 to £49,359 compared to £53,842 last financial year. This was a result of reducing the staff hours due to Covid 19 The committee made the decision that this was an essential cutback to keep the preschool going and staff members were happy to oblige. The expenditure on rent, insurance, toys etc were in line with last year, whilst expenditure on consumables was down in comparison to last year by approximately £2,332 Due to lockdown, this meant that important events such as the easter bonnet parade and easter egg hunts could not go ahead again as planned, events which raise vital funds for the preschool. The unusual circumstances that the preschool has found itself in at the beginning of the financial year resulted in the committee and preschool staff working extremely hard to secure the financial future of the preschool which they have achieved resulting in a healthy surplus of £11,410. I have included a copy of the accounts with this report for your reference and an overview of our four bank accounts: - Fundraising account is solely for all our activity contributions and any form of fundraising received. Anything purchased with fundraising money is transferred to the current account. - Current account is for paying wages, utility bills, and the income of parent’s fees and funding. - Savings account is a contingency account for unexpected expenses and/or closure. We are required under the Charities Commission rules to keep sufficient funds in this account to cover redundancies in the event of the preschool having to close due to the circumstances beyond our control. At present, we have £10,418 and we are looking to increase that this year. This will need to be constantly monitored and reviewed by the committee. - Holding account is an account in which parent deposits are held until we can then transfer back into our account for the child’s final invoice payment. This was we are not at liberty to use the money and be left empty pocketed at the time of the invoice. It also currently houses the payment from the Coop funding until such a time we are able to utilise this. ## **Accounts as of March 21** **----- Start of picture text -----**
Account Total
Fundraising 11,938
Current 2,267
Savings 10,418
Holdings 9,836
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Sue Temple Treasurer Northern Pastures Pre-school January 2022 **Charity Name** **No (if any)** **Receipts and payments accounts For the period** Period start date Period end date **To from** 1-Apr-20 31-Mar-21 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds to the nearest to the nearest £ to the nearest £ £** **Total funds** **to the nearest £ to the nearest £** ## **A1 Receipts** **----- Start of picture text -----**
Nursery Funding 64,970 - - 64,970
Fees 11,529 - - 11,529
Cheques - - - -
Interest 8 - - 8
Fundraising 60 - - 60
Miscellaneous - - - -
- - - -
- - - -
76,567 - - 76,567
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 76,567 - - 76,567
A3 Payments
Salaries 49,359 - - 49,359
Rent 5,618 - - 5,618
HMRC 3,418 - - 3,418
Training 335 - - 335
Mobile 239 - - 239
Internet - - - -
Staff expenses - - - -
Insurances 35 - - 35
Council - - - -
Fundraising - - - -
Payment from deposit account - - - -
Tax rebates - - - -
Consumables 3,173 - - 3,173
Petty cash - - - -
Pension 2,980 - - 2,980
Sub total [ 65,157 ] - - 65,157
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 65,157 - - 65,157
Net of receipts/(payments) 11,410 - - 11,410
A5 Transfers between funds - - - -
A6 Cash funds last year end 23,150 - - 23,150
Cash funds this year end 34,560 - - 34,560
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|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**| |---|---|---|---|---| |**Categories**
**Details**
**to nearest £**
**to nearest £**
**B1 Cash funds**
Current Account
**2,267**
**-**
Fundraising Account
**11,938**
**-**
Savings Account
**10,418**
Holding Account
**9,836**
Petty Cash
**100**
**-**
**34,560**
**-**
OK
OK
**Details**
**to nearest £**
**to nearest £**
**B2 Other monetary assets**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
**Cost (optional)**
**B3 Investment assets**
**-**
**-**
**-**
**-**
**-**
**Details**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
**B5 Liabilities**
**-**
**-**
**-**
**-**
**-**
Signature
Print Name
**Unrestricted**
**funds**
**Restricted**
**funds**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**B4 Assets retained for the**
**charity’s own use**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Signed by one or two trustees on
behalf of all the trustees||||| ||Signature||Print Name|| **----- Start of picture text -----**
CC16a
**----- End of picture text -----**
**Last year** **to the nearest £** **----- Start of picture text -----**
69,089
14,994
-
19
8,403
-
-
-
92,505
**----- End of picture text -----**
**92,505** **53,842 13,086 4,049 756 283 - - 65 - - - - 5,475 330 2,791 80,677** **77,380 11,829 - 11,321 23,150** ## **Endowment funds to nearest £** **----- Start of picture text -----**
-
-
-
-
**----- End of picture text -----**
OK **Endowment funds to nearest £ - - - - - -** **Current value (optional)** **Current value (optional)** **When due (optional)** Date of approval CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteosldirectorsl mombors of NORTHEN PASTURES PRE-SCHOOL On accounts for the year ended 31st MARCH 2021 Charity no.: 1079271 Company no.: Sel out on pages I report to the charity trustees on my examination of the accounts of the Company for Ihe year ended 3110312021. Responsibilities and basis of report As the charity's trustees of the CcAnpany (who are also the directors of th8 company for the purposes of company law). you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (1he 2006 Acr). Hawng satisfied myselt that the accounts of the Company are nol required to be audited for ihis year under Part 16 of Ihe 2CK)6 Act and are eligible for it¥Jependenl examinalbjn, I rep)rt in resped of my examination of your thari￿S accounts as carried (xrt under section 145 of the Charities Act 2011 (Yhe 2011 Acf). In carying out my examination. I havè followed th8 Directions given by the Charity Commission (under seGlion 145{51(b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confim that no material rnatters have come to my attention vthiGh gives me cause to beI￿ve that.. ' acctjunting records were not kept in accordance V￿th section 386 of the Companies Acl 20C6,' or . the accounts do nol accord such records: or . the accounts do not comply wtth relevant accounting requirements under section 3% of th& Companies Act 2006 other than any requirement that the accounts give a 'true aThJ fair, view which is not a matter considered as part of an independent examination; or .the accounts have not been prepar8d in accordance with the Charities SORP (FRS102). I have rKJ concems aTrJ have come across no othar matters in connection th the examination to which attention should be drawn in this report in order to 8nable a proper understanditvJ of the accounts to be reached. Signed: Date: 1710112022 Name: LATHEM ELWIN Relevant professlonal MAAT - ASSOCIATION OF ACCOUNTNG TECHNICIANS IER 0¢to￿r 2018 qualifi&*ion(s) or body {rfany}: Address: 25 EASTON LANE. BOZEAT NN29 7NN Section B Disclosure Only complete if the examiner needs to highlight material matters of {see CC32, Independent examinat•)n of tharity aG¢ounls'. directions and guidance for examiner3). Give here brfef details of any itoms that the examinerwis￿$ to dlscloso. IER October 2018