Annual Trustees Report 2022-23. 

We have been doing well this year, numbers have remained sustainable within the pre-school. 

Voluntary contributions have been impacted by the cost of living crisis. 

The trustees recognised the impact of Covid on lots of families and we did not increase our fees for the last 4 years to support families financial crisis. 

This year we did not increase any fees or charges. 

The impact of the huge increase in NLW has impacted our expenditure on wages and has risen significantly compared to funding rates for children. This will be monitored and fees will be assessed bi-annually. 



## **Little Admirals Pre-school** 

## **Income/Expenditure Statement for the period 1/4/2022-31/3/2023** 

|**Income**<br>Portsmouth City Council (NEG funding)<br>Fees<br>Income from savings<br>**Total Income**<br>**Expenditure**<br>Staff Wages<br>Rent<br>Insurance/Membership<br>Bank Service Charges/subscriptions<br>Uniforms<br>Equipment/Educational Materials<br>Training<br>Phone/Internet<br>Accountants/Payroll/Court Fees<br>Christmas/Leaving presents<br>Buildings<br>School trips<br>Printing<br>Consumables/Snack<br>School trips/visitors<br>Waste removal/sanitary/water machine<br>Furniture<br>Stationery<br>Misc<br>Savings<br>**Total Expenditure**<br>**Net Surplus**<br>Bank balance at 1/4/22<br>Net Deficit as above<br>Bank balance at 31/3/23<br>Savings account balance at 1/4/22<br>Interest<br>Transferred to business account<br>Savings account balance at 31/3/23|**£**<br>142,132<br>32,031<br>18,356|
|---|---|
||**192,519**|
||133,373<br>13,650<br>3,490<br>356<br>1,097<br>6,564<br>3,430<br>595<br>926<br>2,206<br>1,136<br>3,093<br>29<br>5,653<br>885<br>-<br>-<br>144<br>12,000|
||**188,625**|
|||
||**3,893**|
||2,615<br>3,893|
||**6,508**|
||56,102<br>94<br>6,196<br>-|
||**50,000**|






## **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** 31/3/2023 **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 / 2023** 

- **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:** 31/01/2024 **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** 

1 

**IER**