**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|||| Page 1 of 1 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 cc*npleted 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