The Willows Pre-school
Treasurers Report For the Annual General Meeting – 2024
- Income and Expenditure in the 2023 2024 financial year
The Year End Income and Expenditure report shows an income over expenditure on preschool running costs figure of £2,362, an improvement on the previous financial year when the year ended with a deficit of minus £4,301. 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. All ISF income has been fully utilised in the financial year. There was no DAF grant funding received within the year.
- Fund Raising in the 2023 2024 financial year
Overall a total of £2,130 was raised from which £2,997 was spent on running events, various items of gifts for staff and items of equipment leaving a net deficit of £867 in the year which will be offset against the ringfenced amounts brought forward from the previous financial year giving a £7,960 fundraising balance to carry forward to the 20242025 financial year.
- Statement of Assets and Liabilities Report for the 2023 2024 financial year
The Statement of Assets and Liabilities shows the asset figures for the 2023-2024 financial year, compared with the previous financial year.
The pre-school holds assets of £57,515, the majority of which is held in the HSBC Money Manager Account which offers a small amount of interest. All of these funds are held in contingency or are ringfenced as referenced, leaving a shortfall on the unreserved amount to carry forward for the 2024-2025 financial year of minus £7,252.
Contingency amounts
Certain amounts are held to for loss of income, staff redundancy liability and unforeseen building repair amount to £56,552. In addition ringfenced amounts have been held in reserve to be carried forward to the following financial year, e.g. Fundraising balances, bringing the contingency total to £64,767.
Finance projections for 2024-2025
Current projections indicate a potential £7,300+ surplus for the 2024-2025 financial year to end August 2025. This takes into account current known uptake of additional hours throughout the academic year, which by the summer term the majority of sessions are close to or at full capacity, 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.
The Willows Pre School (Charity Number 1099558) Receipts and Payments Account For the year ended 31 August 2024
| Receipts Childcare income Fees Received WC Grant Funding EYPP ISF Income DAF Income Non refundable Registration fee Other income School Dinner Income Snack Income Sundry Income Free school meal income PPE Income Trip Income Investment Income Fundraising Fundraising Uniform/clothing income Donations received Rounding adjustment TOTAL RECEIPTS Payments Running Accountancy Fees Advertising and Promotion Clothing & Uniforms Consumables Free school meal spend PPE spend DAF spend Equipment Equipment Maintenance & Repairs EYPP Spend Food, Drink & Refreshments (Staff) Fundraising Expenses Insurance ISF spend webhosting Lease payments School room rent Light & Heat Office Equipment Property Maintenance & Repairs Grounds Maintenance Property Rates Postage Refuse Collection Cleaning School dinners Snack spend Software and Licences Stationery & Printing Subscriptions & Membership Fees Sundry Expenses Telephone, Fax & Broadband Toys, Art & Play Equipment Trips & Entrance Charges Water Rates Bad debts written off Bank charges Administration costs Staffing Wages & Salaries Staff Training & Welfare Motor Expenses Pensions - Employer's contributions DBS checks External Practitioners Rounding adjustments TOTAL PAYMENTS SURPLUS INCOME OVER EXPENDITURE |
£ £ £ 20,426 107,620 0 2340 0 525 130,911 662 1495 0 165 0 30 0 2352 2,130 38 0 2,168 135,431 -2 135,429 4074 0 359 2987 165 0 0 646 26 0 28 2997 0 2340 85 1213 1953 1275 0 977 119 479 0 885 0 662 1495 102 0 85 0 773 620 27 820 0 68 0 25260 103,695 2414 0 1495 202 0 107,806 133,066 1 133,067 2,362 2023-2024 |
£ £ £ 27,876 83,288 225 0 0 450 111,839 268 1671 0 185 0 33 344 2501 3,540 45 0 3,585 117,925 117,925 3722 80 649 4179 165 0 0 228 162 57 809 623 0 85 3297 1008 1412 1209 2739 52 757 2 957 0 100 1444 32 0 203 0 700 174 295 353 0 68 0 25561 94,521 500 29 1164 445 0 96,659 122,220 6 122,226 -4,301 2022-2023 |
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