**The Willows Pre-school** **Treasurers Report For the Annual General Meeting – 2022** ## **- Income and Expenditure in the 2021 2022 financial year** The Year End Income and Expenditure report shows an income over expenditure surplus on pre-school running costs figure of £5,496. Surplus ringfenced EYPP funding has been carried forward for use to fund activities for the benefit of the children the additional funding was received for. The majority of additional ISF and DAF grant funding received within the year was utilised for additional staffing to the benefit of the children the grants were received for. ## **- Fund Raising in the 2021 2022 financial year** Overall a total of £2,685 was raised from which £582 was spent on running events, various items of gifts for staff and items of equipment leaving a net amount of £2,103 in the year which will be added to ringfenced amounts brought forward from the previous financial year giving a £6,051 fundraising balance to carry forward to the 2022-2023 financial year. ## **- Balance Sheet Report for the 2021 2022 financial year** The Statement of Assets and Liabilities shows the asset figures for the 2021-2022 financial year, compared with the previous financial year. The pre-school holds assets of £59,454, the majority of which is held in the HSBC Money manager Account which offers a small amount of interest. The majority of these funds are held in contingency or are ringfenced as referenced, leaving an unreserved fund brought forward for the 2022-2023 financial year of £3,407. ## **Contingency amounts** Certain amounts are held to for loss of income, staff redundancy liability and unforeseen building repair amount to £49,804. In addition ringfenced amounts have been held in reserve to be carried forward to the following financial year, e.g. Fundraising balances and EYPP. ## **Finance projections for 2022-2023** Current projections indicate a potential £5,000+ surplus for the 2022-2023 financial year to end August 2023. This takes into account current known uptake of additional hours throughout the academic year and for the majority of sessions the setting is already at by the end of the year, therefore, there is little room for increased income. These projections are based on staffing levels as currently allocated and any surplus will vary dependent on additional hours paid to staff. Tho Wlllo¥Ji Pr• S¢hool (Ch•rlfy Numb•r 11)09S58) Recelpts and Pavments Account For th• year èn41ed 31 Augurt 2022 2021-2022 2020-2021 ac•lpts ch1￿(￿re Income Fees Recelved WCGrant Fundl EYPP ISF intome DAF Income NON refundable Reglsifatbn fee khool DlnnÈrlncome Snack Income Sundry Income PPE Incorne Investment InEome 18,628 77,207 262 38 615 7&) 101,211 395 12.947 62.41$ 240 615 625 77.742 Otherincome 666 12 Z.685 2405 2471 FundraL%ln8 1,834 S2 CIDthin8 Sa￿9 Dowions receNed 2.722 It￿,339 82,(YJ9 Roundln9 adjustment TOTAL RECEIPTS 106,339 82,0•9 P•yM•nts Rtsnnlng AccDuntancy Fees C￿thing & Unlf¢rm5 Consumable5 PPE Spend DAF sp2nd Equipment MalntÈnancÈ & RepJSrs EYPP Spend Fts￿, Dr1nk&AtfrE3Prfnent515taffj Ftsndr?i5in8Expens•s Insuran ISF spend 3506 168 3832 56 1230 3268 238 2366 637 240 32 IW7 623 70 33 582 3800 85 963 70 838 245 60 1293 Lease payments U6ht & Heat offi￿ Equipment PropertyMainienance& Repalrs Grounds Mèlnrenance Properry Raies Posta8e RefU5￿COl￿dh)rt 2074 96 267 153 1413 497 375 817 722 135 School dlnners Snack spen Soft%vare and LFcences 514llgnery & Printiffls 5ubscrlptSon5 & meMbe￿hIP Fee5 Sundry Expenses Telephone, Fax & Brvadband Toys,Art & Play EquSpment Tflps & Entrance Ch&rges Water Rates Baddebtswritten off Bankthargès Admlnlstr3tSon costs 598 70 59 2W 187 652 730 747 298 801 242 268 582 49 12 24452 IS709 stsffin£ W38es & Sa13rles Stsff T¢alning& WeW3re Mlleage PÈnsknrts- Empbyer'stontrfbutlons DBS checks ExtÈrnèl PractitvJner5 75,120 395 67.324 1260 648 452 76,391 I￿.845 69,684 85.393 Roundlng adjustments TOTAL PAYMENTS 100,843 85,393 SURPLUS INCOME OVER EXPtNDThURE 5,496 -3,294 The Wlllows p￿ Sthod Icharity Number 10995581 Statement of Assets and Llabllltles As at 31 August 2022 2021-2022 2020-2021 Current Assets Bank HSBC CommunityAt¢ount HSBC Money ManaqerAtcount Petty Cash held 8.490 $0.369 332 3,460 50.354 3ZS 59.191 54,139 Debtors Less Credltors 473 92 other ¢￿trItOr5 210 294 263.00 -202.00 roundlng adJu5trnents N•t •S50ts 59,454 53.933 Total Funds Accumulated Reserves br Net proFit/llos51 Yeèrend 3dlustment 53,933 5.496 25 57,227 -3,294 Total fund• 59,454 53,933 Held as Rèstrved ISF EYPP DAF PPE Fundralslng Reserved cofitlngency Closure Costs.'_ Redundancy and noti Bulldlng Dlsposal Granvfee ￿1MbUrsernent Unforeseen buSldlng ￿paIr contlngeftcy 192 615 1,613 3,911 6.051 12,938 20.0(MI 6,866 iO.OLX) 14.753 15,(KK) io.wo 56,047 52,172 Unr••erved 3,407 59.454 53,933 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Sectlon A Independent Examlner'8 Report Report to the trusteesl members of The Willows Pre-school On accounts for tha year ended 31$1 August 2022 Charity no (if any) 1099558 Set out on pages I report lo the trustees on my examination of the accounts of the above charity {"Ihe Trust") for the year ended 3110812022. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ 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 145151{b) of the Act. Independent tThe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert name of applicable lisled bodyll. Delete I l if not applicablg. 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.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did nol 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 COn￿rnS 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 d818le the words in the brackets ir they do not apply. Signed: Date: 20Lz Name: P J Turner Relevant professional qualification(sl or body IER Oct 2018 lif any): Address: 1 Stonelea. Trowbridge Road. Hilperton, Wiltshire BA14 7QQ Section Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detalls of any items that the examiner wishes to disclose. IER Oct 2018