Northern Pastures Preschool
Treasurer’s Report
Finances for the fnancial year 2022-2023
Overall, for the year ending 31[st] March 2023, Northern Pastures Preschool suffered an increased meaning that the money coming into preschool was more than what was spent by £- 3.369.55
Preschool had a total income of £76.590.73 which was £13.050.97 more 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 increased by £4.716.89 to £73.221.18 in comparison to £68.504.29 last year. Wages have decreased by £6.546.16 to £43.257.52 compared to £49.803.68 last financial year due to less staff employed.
The expenditure on rent, wages, trainings were increased, but at the same time pensions and toys expenses were decreased.
Due to the lock of funding, 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 end of the financial year resulted in the committee and preschool staff working extremely hard to secure the financial future of the preschool. Meaning that in the future we use our Holding account, we use the money that we received from the Coop fundraiser.
I have included a copy of the accounts with this report for your reference and an overview of our four bank accounts:
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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.
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Current account is for paying wages, utility bills, and the income of parent’s fees and funding.
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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 £10,498.32 and we are looking to increase that this year. This will need to be constantly monitored and reviewed by the committee.
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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 we are not at liberty to use the money and be left empty pocketed at the time of the invoice.
Accounts in Jan 24
| Account | Total |
|---|---|
| Fundraising | 2.196.02 |
| Current | 5.262.92 |
| Savings | 10.498.32 |
| Holdings | 2.682.39 |
Sue Temple Treasurer Northern Pastures Pre-school January 2023
Northern Pastures Pre-School No (if any) Receipts and payments accounts CC16a For the period Period start date Period end date To from 1-Apr-22 31-Mar-23
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts NurseryFunding 51,212 Fees 18,295 Cheques - Interest Fundraising 7,084 Miscellaneous - - 76,591 - - Sub total - Total receipts 76,591 A3 Payments Salaries 43,258 Rent 7,092 HMRC 7,373 Training 125 Mobile Internet 108 Staff expenses - Insurances Council 132 Fundraising - Payment from deposit account - Tax rebates 47 Consumables 12,592 Pettycash 80 Pension 2,415 Sub total 73,222 - - Sub total - Total payments 73,222 Net of receipts/(payments) 3,369 A5 Transfers between funds - A6 Cash funds last year end Cash funds this year end 3,369 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 51,212 18,295 - - 7,084 - - - 76,591 - - - 76,591 43,258 7,092 7,373 125 - 108 - - 132 - - 47 12,592 80 2,415 73,222 - - - 73,222 3,369 3,369 |
Last year to the nearest £ |
| - - - - - - - - - |
51,212 | 64,970 | ||
| 18,295 | 11,529 | |||
| - | - | |||
| - | 8 | |||
| 7,084 | 60 | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 76,591 | 76,567 | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 76,591 | 76,567 | ||
| - - - - - - - - - - - - - - - - |
43,258 | 49,359 | ||
| 7,092 | 5,617 | |||
| 7,373 | 3,418 | |||
| 125 | 335 | |||
| - | 239 | |||
| 108 | - | |||
| - | - | |||
| - | ||||
| 132 | - | |||
| - | - | |||
| - | - | |||
| 47 | - | |||
| 12,592 | 3,208 | |||
| 80 | ||||
| 2,415 | 2,980 | |||
| 73,222 | 65,156 | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 73,222 | 77,380 | ||
| - | - - - - |
3,369 | 11,829 | |
| - | - | |||
| - | ||||
| - | 3,369 | 11,829 |
| 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 | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|---|---|---|
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Current Account Fundraising Account Savings Account Holding Account Petty Cash Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 3,649 3,496 2,485 10,020 19,650 Agreement Error to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ - - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional) |
to nearest £ Endowment funds |
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| - | ||||||
| - | ||||||
| - | ||||||
| OK | ||||||
| to nearest £ Endowment funds |
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| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Current value (optional) |
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| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Current value (optional) |
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| - | ||||||
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| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
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| When due (optional) |
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| Signature | Print Name | Date of approval |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees
Northern Pastures Pre-School
On accounts for the year ended
31 March 2022
1079271
Charity no (if any) Set out on pages
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed:
Cosford
Date:
26.01.24
1
Oct 2018
IER
Name:
Emma Cosford
Relevant professional qualification(s) or body (if any):
M.A.A.T, Dip of C.I.M.A.
Address:
65 Pennycress Way
Newport Pagnell
MK16 8SN
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER