2021-08-31-accounts

Paulerspury Pre-School

Treasurer Report 2020-2021

The year 2020-2021 started with 16 children on the role, lower than the previous year. Sessions numbers were a little sporadic, some increasing as the year progressed, some children taking extra sessions as parents/carers were working from home, however some were lower as parents/carers preferring children to stay home.

We ended the year with 23 children on the role, we welcomed quite a few new staters during the last year and this helped towards or sessions and was encouraging considering the circumstances in which everyone was dealing with during the period.

Surplus/Deficit

There is a deficit of £9922, (this should be £9519 due to a late funding payment error due in August that was received in September) There were a number of factors which impacted the surplus/deficit including COVID, some children delaying starts, Maternity cover and the lower funding rate. The maternity SMP costs can be recouped through the next tax year. The SMP is shown as a credit onto our HMRC account, any remaining credit can be claimed back at the end of the tax year.

Funding rates were lower per hour as the funding formulae was changed with the Quality Supplement being removed by the local authority this meant a drop in the hourly funding rate for 3-4 years olds, our previous rate was £4.14 per hour (March 2020) and dropped to £3.93 per hour from April to 2020 and then increased to £4.05 in April 2021. There were some mitigation payments made from the local authority to help with the loss of income, but these did not cover the full loss and were only paid for the last year there will not be any further payments made. Government funding is reviewed every year, early years funding is based on the Funding Formulae and the new rates take effect 1[st] April each year.

We have finished the financial year with £61872 previous year (£71794), in our bank accounts.

Income

Our total income was £62185. Government funding continued to be paid for all children whether they attended or not during the various COVID closures/changes and isolation periods.

Fees

Session fees remained at £12.50 and lunch clubs remained at £2.

Fundraising/Donations

We raised a total of £955 down on previous year (£1738 2019-2020) we achieved this through various raffles, Christmas Hamper, Amazon smile and a few craft activities, Bags 2 School etc. As with the previous year with the ongoing pandemic a number of our usual fundraisers had to be postponed/cancelled. As always it is vital to us that we continue to fundraise allowing us to continue buying new resources and continually improve the learning opportunities for our families and their children.

Expenses

Total expenses amounted to £ 72106. Wages £58813, HMRC payments were £1842, Village Hall hire costs were £7410.

Additional Comments

The minimum wage/living wage was increased to £8.91 with another increase due in April 2022, staff pay was reviewed this year, but the decision was taken by the committee that unfortunately raises could not be given at this time due a short fall each month, however staff received a bonus in the form of a voucher and it was decided that should staff wages should be reviewed again in October 2021.

The living wage is due to be increased again and will impact on the current pay scale as this is due to overtake current salary bandings if at the rate originally promised to over £9.00 per hour in April 2022.

Book2

Twelve-Month Cash Flow

Fiscal
Year Begins:	Sep-20

Twelve-Month Cash Flow	Twelve-Month Cash Flow	Twelve-Month Cash Flow	Fiscal Year Begins: Sep-20
High Street, Paulerspury, Northamptonshire www.paulerspurypreschool.co.uk Beginning Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Monthly Average 12 Months Paulerspury Pre-School
Cash Summary
Cash on Hand(beginning of month) Cash Available(on hand + receipts, Cash Position (end of month) Cash Receipts	71,794 71,794 71,794	71,794 68,630 67828 67,062 65,506 64,922 70,579 70,386 68,644 66,920 65,940 64,765 61,867 75,528 73,609 72888 71,623 70,691 76,427 76,420 75,067 72,959 71,890 70,318 67,743 66,562 68,630 67,828 67,062 65,506 64,922 70,579 70,386 68,644 66,920 65,940 64,765 61,873 61,056
Fees - paid in cash Fees - paid by cheque Fees - paid online Uniform purchases Fundraising / Donations Government Funding EYPP Funding Interest Other Total Cash Receipts Cash Paid Out		0 0 0 10 0 0 0 110 0 0 0 0 10 120 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,013 1,639 1918 887 927 816 1,487 1,355 1,176 1,707 1,121 112 1,180 14,157 0 0 8 0 0 0 0 0 0 0 0 0 1 8 0 0 213 529 0 21 85 84 0 0 0 14 79 945 2,641 3,262 2843 3,056 4,182 10,619 4,211 3,098 3,139 3,260 3,254 2,852 3,868 46,418 78 78 78 78 76 50 56 35 0 0 0 0 44 529 2 0 0 2 0 0 2 0 0 2 0 0 1 6 0 0 0 0 0 0 0 0 0 0 2 0 0 2 3,734 4,979 5060 4,561 5,184 11,505 5,841 4,681 4,315 4,969 4,377 2,978 5,182 62,185
Wages PAYE to HMRC Snacks Master Card Website Village Hall Hire DBS Phone Flowers & Gifts Equipment Other EYPP Spend Accounting Stationery Subscriptions Insurance Training Advertising Charges Fundraising Costs Total Cash Paid Out Operating Profit/Loss
Closing Balance Barclays Account Closing Balance in Current Account Closing Balance Gold Savings Account CLOSING BALANCE	4,158 3,361 2,625 1,073 496 6,162 5,975 4,241 2,525 1,552 4,385 1,500 3,171 93 88 58 53.37 45.37 37.37 29.37 21.37 63 55 1,047 1,039 219 64,378 64,378 64,378 64,380 64,380 64,380 64,381 64,381 64,331 64,333 59,333 59,333 63,531 68,630 67,828 67,062 65,506 64,921 70,579 70,386 68,643 66,920 65,940 64,765 61,872 66,921

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Independent examinerfs report on the accounts Independent Examinerfs Report Report to the trusto051 members of Paulerspury Prtrschwl On accounts for the year ended 3110812021 Charlty no Irf any> 1158601 I rep(Kt to the trustees on my examinatlon of the ac(x)unts of the above nty (Ihe for trt ye endgj 31.08.2021. Responsibilities and basi• of r•port As the charrivs trustees. you we responsible foT the preparat￿n of the accounts in &c(Kdance wrth the requirwnents of the Charities Act 2011 he Acl"} I report in respect of my examination of th8 Trusfs accounts Carr￿ out under section 145 of the 2011 Act and in cffjing (xrt my examination, I have foll¢yHed all the apF￿i¢ab1o DireCth￿S gr¥en ty the Charffti Commissi under 8ection 14515Xb) of the Ad. I have ccnpleted my examinatron l confim) that no material matters have come to my attention in connectton wilh the eXaminat￿n whrch gNes me use to believe Ihat in. any material respect: the accounting record$ were not kept in ac¢xrdanc8 with section 130 of the Chan1￿ Act: or th6 accourrts dKI not ac(xxd with the accounting r￿0￿*S,. or the accounts did not compty wrth the app[￿ble requirements Con￿mIng the arKI content of accounts set out in the Charit {Accounts and Rewts) RegulatN)ns 2008 other than any r4uirement that the w?unts give a Irue and fair. view vthich is not a matter consKlered as part of an independent examinatH)n. I have no c(x)cems and have ccKne acn)ss no other matters in connectron with the examinab'on to which attentN)n shoukj b8 drawn in this report in order to enable a woper understar)ding of U)e accounts to be [￿ed. Independ•nt examinefs Ststement Slgrbed: 10.06.2022 Jade van Tond Relevant professlonal qualification". Fulty qualified A￿ntant under A4T. Address: 58 Mercury Grove. Cr(MYthill, Milton Keynes. MK80BY