Trustees Report 2021-2022
Although this year we made a loss of £13k we reflected that this is mainly due to the huge increase in NLW, the very small increase in Local Authority funding and the need to improve the facility we are hiring at S&T CC. We have done lots of garden improvements for the children, toilet refurbishments and undertaken a lot of training for the staff development.
Fees were not increased as a calculated decision. The cost of living crisis following the Covid 19 pandemic has hit a lot of families hard.
The committee felt it essential to look after our current, loyal and dedicated families as we had enough savings to cover this loss. Fee increases will continue to be monitored closely.
Happy with this year, especially considering a large number of local pre-schools have closed due to lack of sustainability.
Little Admirals Pre-school
Income/Expenditure Statement for the period 1/4/2021-31/3/2022
| Income Portsmouth City Council (NEG funding) Fees Income from savings Total Income Expenditure Staff Wages Rent Insurance/Membership Bank Service Charges/subscriptions Uniforms Equipment/Educational Materials Training Phone/Internet Accountants/Payroll/Court Fees Christmas/Leaving presents Buildings Consumables/Snack Furniture Misc Total Expenditure Net Deficit Bank balance at 1/4/21 Net Deficit as above Bank balance at 31/3/22 Savings account balance at 1/4/21 Interest Transferred to business account Savings account balance at 31/3/22 |
£ 133,542 22,232 4,000 |
|---|---|
| 159,774 | |
| 129,026 15,835 3,189 202 1,189 6,842 3,044 1,556 1,084 1,406 5,010 4,835 201 52 |
|
| 173,471 | |
| 13,697 - |
|
| 16,311 13,697 - |
|
| 2,615 | |
| 60,259 5 4,000 - |
|
| 56,265 |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Little Admirals Pre School members of On accounts for the year 31/3/2022 Charity no 1082960 ended (if any) Set out on pages n/a (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2022
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn 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.
Date: 30/01/2023 Signed: Name: LOUISE ETHERINGTON ACMA CGMA Relevant professional CIMA QUALIFIED (ACMA CGMA) qualification(s) or body (if any): Address: 25 Mayles Road Southsea PO4 8NP
October 2018
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