SPROWSTON NUSERY PLAYGROUP
REPORT OF THE COMMITTEE OF TRUSTEES FOR THE YEAR ENDED 31AUGUST 2023
The committee presents their annual report and the financial statements for the year ended 31August 2023 .
Status
Sprowston Nursey Playgroup is a registered charity (no. 1107494) established by a constitution document dated 09 November 2004 as amended 11 November 2014.
The accounts are compliant with current statutory requirements in accordance with the constitution document.
Principal Activities
The principal activity of the trust is that of a nursery school. This is achieved by fees paid for attendance together with fund raising, grants and donations.
Review of Development, Activities and Achievements made during the Year
The committee believes the trust's affairs to be satisfactory.
The finance of the trust remains secure with funds being held in bank accounts of £76,447.
Reserves Policy
The financial security of the nursery and playgroup is dependent on the number of children moving into the locality and upon the birth rates. We need reserves to keep services running in times of lower children numbers attending. We would like to maintain the current reserve levels which roughly equate to six months expenditure.
Julie Chettleburgh
Chair
Sprowston Nursery Playgroup
Financial Activities Comparison
September 2022 - August 2023
| TOTAL | |||
|---|---|---|---|
| SEP 2022 - AUG 2023 | SEP 2021 - AUG 2022 (PY) | ||
| Income | |||
| Charitable activites | 100.00 | 7.00 | |
| Child Uniform | 42.62 | 132.00 | |
| Donations and legacies | 10,001.00 | 262.75 | |
| Fund Raising Income | 479.33 | 595.10 | |
| Government Funding | 76,286.01 | 68,327.52 | |
| Parent Fees (Sales) | 10,476.70 | 8,236.00 | |
| SEND Funding | 16,044.38 | 11,025.31 | |
| Shed Fundraising | 63.60 | 1,904.00 | |
| Total Income | £113,493.64 | £90,489.68 | |
| Cost of Sales | |||
| Child Uniform Purchases | 0.00 | 211.12 | |
| Consumables | 422.04 | 351.93 | |
| Equipment and Toys | 939.79 | 777.69 | |
| Refreshments (Food and Drink) | 263.43 | 242.78 | |
| Total Cost of Sales | £1,625.26 | £1,583.52 | |
| TOTAL | £111,868.38 | £88,906.16 | |
| Expenditures | |||
| Accountancy | 1,007.60 | 1,131.01 | |
| Advertising/Promotional | 0.00 | 18.29 | |
| Website | 345.00 | 647.00 | |
| Total Advertising/Promotional | 345.00 | 665.29 | |
| Bank Charges | 216.87 | 244.11 | |
| Child Welfare | 112.00 | 0.00 | |
| Cleaning | 291.09 | 136.51 | |
| Dues and Subscriptions | 428.78 | 359.64 | |
| Fundraising Expenses | 184.90 | 214.20 | |
| Insurances | 1,249.18 | 1,213.24 | |
| Interest Payable | 0.00 | 1.35 | |
| Other Professional Services | 1,610.15 | 74.98 | |
| Payroll Expenses | 84,010.54 | 79,723.87 | |
| Cost of Labour | 150.00 | 0.00 | |
| DBS checks | 62.00 | 16.20 | |
| Employer Pension Expense | 542.35 | 547.44 | |
| Staff Training | 530.84 | 440.00 | |
| Staff Uniform | 165.77 | 79.56 | |
| Staff Welfare | 42.00 | 0.00 | |
| Total Payroll Expenses | 85,503.50 | 80,807.07 | |
| Printing, Postage and Stationery | 382.08 | 1,157.18 | |
| Rent or Lease of Buildings | 10,000.00 | 10,000.00 | |
| Repair and maintenance | 732.42 | 108.77 | |
| Health & Safety | 247.74 | 263.41 | |
| Total Repair and maintenance | 980.16 | 372.18 |
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Accrual Basis Tuesday 11 June 2024 01:30 pm GMT+01:00
Sprowston Nursery Playgroup
Financial Activities Comparison
September 2022 - August 2023
| TOTAL | |||
|---|---|---|---|
| SEP 2022 - AUG 2023 | SEP 2021 - AUG 2022 (PY) | ||
| Telephone / Internet | 953.55 | 869.42 | |
| Total Expenditures | £103,264.86 | £97,246.18 | |
| NET OPERATING INCOME | £8,603.52 | £ -8,340.02 | |
| Other Income | |||
| Apprentice Grant / Income | 0.00 | 1,000.00 | |
| Interest Income | 196.17 | 23.90 | |
| Total Other Income | £196.17 | £1,023.90 | |
| Other Expenditures | |||
| Depreciation Expense | 453.85 | 196.30 | |
| Total Other Expenditures | £453.85 | £196.30 | |
| NET OTHER INCOME | £ -257.68 | £827.60 | |
| NET INCOME/(EXPENDITURE) | £8,345.84 | £ -7,512.42 |
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Accrual Basis Tuesday 11 June 2024 01:30 pm GMT+01:00
Sprowston Nursery Playgroup
Balance Sheet Comparison
As of August 31, 2023
| TOTAL | |||
|---|---|---|---|
| AS OF AUG 31, 2023 | AS OF AUG 31, 2022 (PY) | ||
| Fixed Asset | |||
| Tangible assets | |||
| Fixtures and Fittings Cost | 3,663.00 | 1,963.00 | |
| Fixtures and Fittings Depreciation | -542.97 | -196.30 | |
| Office Equipment Cost | 428.71 | 0.00 | |
| Office Equipment Depreciation | -107.18 | 0.00 | |
| Total Tangible assets | £3,441.56 | £1,766.70 | |
| Total Fixed Asset | £3,441.56 | £1,766.70 | |
| Cash at bank and in hand | |||
| Current Account 1151 | 26,201.31 | 19,159.22 | |
| Petty Cash (£100.00) | 1.91 | 8.93 | |
| Savers 2546 | 50,243.94 | 50,063.71 | |
| Total Cash at bank and in hand | £76,447.16 | £69,231.86 | |
| NET CURRENT ASSETS | £76,447.16 | £69,231.86 | |
| Creditors: amounts falling due within one year | |||
| Current Liabilities | |||
| Accruals | 240.00 | 240.00 | |
| HMRC 2023-24 (deleted) | 90.82 | 0.00 | |
| HMRC Control Account 2022-23 (deleted) | 0.00 | 447.20 | |
| NEST | 442.70 | 0.00 | |
| Parent payment on account (Deposits) | 1,393.00 | 860.00 | |
| Wages Control Account | -75.00 | 0.00 | |
| Total Current Liabilities | £2,091.52 | £1,547.20 | |
| Total Creditors: amounts falling due within one year | £2,091.52 | £1,547.20 | |
| NET CURRENT ASSETS (LIABILITIES) | £74,355.64 | £67,684.66 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £77,797.20 | £69,451.36 | |
| TOTAL NET ASSETS (LIABILITIES) | £77,797.20 | £69,451.36 | |
| Charity funds | |||
| Opening Balance Equity | 0.00 | 0.00 | |
| Retained Earnings | 69,451.36 | 76,963.78 | |
| Surplus/(Deficit) | 8,345.84 | -7,512.42 | |
| Total Charity funds | £77,797.20 | £69,451.36 |
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Accrual Basis Tuesday 11 June 2024 01:38 pm GMT+01:00
The accounts for Sprowston Nursery Playgroup were inspected by Sarah Heffer Accountancy Ltd and found to be in order.
Sarah Heffer Accountancy Ltd 2024