**St Michael's Woolmer Green Pre-School** **Statement of Financial Activities For the Period ended 31st August 2022** rto the Trustees St Michttel's Pre-seh¢)ol is a istered ehrtri No. 1102358 Currently located next to:_ St Michael's Woolmer 6reen School London Road Woolmer Green Hertfordshire S63 6JP Trustees: Chair Elletr)a Lloyd Donni Muharremi Secretory Treasurer Zoe Nicholls Princi l Activi St Michael's Pre-school is a thrivin9 and successful Early Years Foundation St￿e settin9 in which children f rom 2 years until school age can develop and learn through play in a secure and saf e environmemt. Achievements: St Michael's Pre-school has a 'Good' grade from Ofsted following an inspection in July 2022. Financial Review: The total income of the Pre-school for the year ending 31st August 2022 increased by £5909 compared to the previous yeor and total expenditure increased by £11471. The Pre-$¢hool made a year-end loss of £4519, primarily attributed to the cost of refurbishment, with work on the pre-school thildin9 completed in Sq)tember 2021. A gront from Herts County Council, as wel l as closely controlled expenditure, has helped to reduce the deficit attributed to the buildin9 works. A f ull intoke of children ond on increttge in fee's also si9nif icantly contributed to the pre-school income. as well as more regular fundraising activities (post Covid-19). The pre-school wos f ortunate to still be in a healthy position as of Au9USt 2021. despite the limitations and restrictions felt during the Covid-19 pandemic and has continued to make Sl9nif icant investments to ensure thot all children have a pleasant and enjoyable learning experienc& As well as the building itself and the n(tture area, the pre-school has invested in staf f troining. most notably f or the new Pre-school Leader's level 5 qualif icotion. They have also purchased new resources to further improve the setting and benef it the chi Idren. The Pre-school continues to retoin a healthy cash surplus in its deposit account. Future Plans: Projected attendance for the coming academic yeor is excellent, with a ful l intake expected. Fundraising is almost back to usual levels. and the committee hope to increase f undroisir¥J income further over the course of the next ya]r, as well as opplyiry for grants where eligible. The staff and committee want to ensure that the chi Idren have the best learning envirorwnent possible ond strive to improve the pre-school. The pre-school was recently awarded '6ood' in their Ofsted inspection in July 2022 and the committee and management aim to make investments to improve on this ratin9 at their nextr inspection. The committee reco9nises the need to increose current levels of income where possible to continue to control expenditure in this academic year. Zoe Nicholls Tre£Jsurer Ellena Lloyd Chair DLrted.. 5 October 2022 ## **Independent Examiners Report to the Trustees of St Michael's Woolmer Green Pre-School** ## **on the Financial Statements for the Year Ended 31st August 2022** I report on the accounts of the charity for the year ended 31st August 2022, which are set out on the following pages. ## **Respective responsibilities of trustees and examiner** As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section144(2) of the Charities Act 2011 (the 2011 Act) does not apply. ## It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions of the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to our attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Beverley Turner FCA CTA ACG 30 The Avenue Welwyn Herts AL6 0PP ## **St Michael's Woolmer Green Pre-School Balance Sheet as at 31st August 2022** |**2022**
**ASSETS**
£
Deposit Accounts
40,259
Less o/s Chqs
-
Petty Cash
-
40,259
**CURRENT LIABILITIES**
-
-
-
**NET CURRENT ASSETS**
40,259
**RETAINED PROFITS**
Retained funds brought forward
44,778
Retained funds surplus/deficit for the ye
(4,519)
40,259
£
Opening Cash Balance
43,678
Receipts
94,720
Payments
99,240
39,159|**2021**
£
43,641
-
37| |---|---| ||43,678| ||-
-| ||-| ||| ||43,678| ||45,819
(1,041)| ||44,778| ||£
45,819
88,434
89,475| ||44,778| ## **St Michael's Woolmer Green Pre-School** ## **Profit and Loss Report For the year ended 31st August 2022** |**TURNOVER**
Fund Raising Income - Projects
Easyfundraising
Milk Reimbursements
Administration Fees
Uniform
Amazon Smile
Just Giving
HCC Funding
Fees
Grants
SSP Grant Reclaimed
Gift Aid
School Trip
Bank Interest
**Total:**
**LESS EXPENSES:**
NET Staff Salaries Paid
Employers N.I.
Employers Pensions
Resources
Rent
Water Rates
Premises Insurance
Business Rates
Electricity
Printing
Postage and Carriage
Phone & Broadband
Stationery
Books, Magazines etc.
Milk Purchases
Child Equipment
Office Equipment
Staff Gifts
County Supplies
Audit and Accountancy Fees
Recruitment
Cleaning
Premises Maintenance
Fire Safety
Subscriptions
Training Costs
Refreshments / Staff Welfare
DBS
Fundraising purchases
General expenses
**Total:**
**Deficit for the year**|**2022**
**2021**
£
£
4,242
4,286
374
210
200
146
480
780
-
7
108
101
-
-
60,427
69,939
26,974
12,427
1,000
400
642
-
252
127
15
-
5
12| |---|---| ||94,719
88,434| ||-63,515
-65,431
-3,803
-4,428
-1,725
-1,686
-989
-584
-3,131
-3,100
-249
-211
-991
-720
-696
0
-1,539
-1,072
-238
-385
-2
-13
-803
-824
-32
-8
-23
0
-184
-174
-237
973
-396
-372
-320
-1,382
-1,384
-2,523
-40
0
-89
-252
-243
-106
-13,420
-3,398
-327
0
-671
-501
-2,263
-616
-8
-120
-184
-163
-1,292
-474
-446
-1,905| ||-99,240
-89,475| ||| ||-4,519
-1,040| **Deficit for the year**