**Paulerspury Pre-School** 

## **Treasurer Report 2022-2023** 

The year 2022-2023 started with 18 children on the role, a few more than the previous year. Session numbers increased gradually as the year progressed, we saw an increase in 2 year olds attending impacting on staff ratio’s, due to more staff needed for this age group. 

We ended the year with 28 children on the role, we welcomed a few new families during the year. 

## **Surplus/Deficit** 

We ended the year with a deficit of £11430. 

Low funding rates and increased costs across the board, wages, rent, bills, insurance all contributed towards the deficit. 

Staff wages were reviewed and increases were implemented. 

Funding rates increased in April 2023 from £4.04 to £4.29 (3yr olds) and £5.42 to £5.63 (eligible 2 year olds) in, although we had an increase in number of 2 year olds attending only a few of those were funded children.  Notional SEND (ended in March 23) money was used to help support (but did noy cover full cost of) a couple of children attending that required additional support via 1:1 and also in lower age group ratio’s than would be expected for their ages. 

The majority of sessions were funded sessions, which means that we have no influence on income for these. 

Government introduced a cost of living payment which is being paid at a rate of 0.09per hour for funded hours for 3-4 year olds, this is being paid at the end of each funding block from April 23 to March 24, however first payment was actually received in September so has not been able to help with deficit for 20222023. There has also been an additional Early Years Supplementary Grant introduced to raise funding rates from September 2023. 

We have finished the financial year with £48534.00 in our bank accounts, previous year (£56372) 

## **Income** 

Our total income was £78291, previous year (£77454). 

## **Fees** 

Session fees remained at £15.00 per session/£5.00 per hour, unfortunately funding rates did not rise in line with the costs of delivery sessions, with minimum wage increases etc. Increase in fees was discussed and agreed for September 2023 to £6.00 per hour £18.00 per session. 

## **Fundraising/Donations** 

We raised a total of £2935.00, previous years (£2436.51), representing £2199 of profit after fundraising expenses. This total was achieved through various fundraising events, Bingo Night, Christmas Hamper/Raffle/Craft and Paulerspury Players donation, Amazon Smile, 

## **Expenses** 

Total expenses amounted to £89722 (previous £85191) Wages £ 72892 (previous £65244), HMRC payments were £3633 (previous £1277), Village Hall hire costs were, £7951 (previous £7106). 



## **Additional Comments** 

The minimum wage/living wage was increased to £10.42, this 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 £11.08 per hour in April 2024. 

New government funding initiatives are due to be implemented starting with 15 hours funded childcare for all children from 2 years old (the term after their 2[nd] birthday), this is due to start in April 2024.  Followed by other funded hours coming on board, September 2025 working parents with children under 5 are to be entitled to 30 hours funded childcare, this is currently only available to from age 3 years.  These changes will have an impact on our chargeable income as there will be less revenue from chargeable sessions.  We are still waiting for confirmation from local authorities as to how this will work and are awaiting figures for future funding rates. 



Book1 

## **Twelve-Month Cash Flow** 

**Fiscal Year Sep-22 Begins:** 

|**Twelve-Month Cash**|**Flow**|||||||||||||**Begins:**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Paulerspury Pre-School**||||||||||||||||
|High Street, Paulerspury, Northamptonshire||||||||||||||||
|www.paulerspurypreschool.co.uk||||||||||||||||
|||||||||||||||**Monthly**||
||**Beginning**|**Sep-22**|**Oct-22**|**Nov-22**|**Dec-22**|**Jan-23**|**Feb-23**|**Mar-23**|**Apr-23**|**May-23**|**Jun-23**|**Jul-23**|**Aug-23**|**Average 12 Months**||
|**Cash Summary**||||||||||||||||
|**Cash on Hand(beginning of month)**|54,135|54,135|52,779|50091|49,956|48,584|48,017|48,171|51,639|49,379|47,951|47,331|45,807|45,472||
|**Cash Available(on hand + receipts,**|54,135|59,294|58,180|56538|56,306|54,778|55,531|59,028|57,275|56,166|55,742|54,073|49,219|51,092||
|**Cash Position (end of month)**|54,135|52,779|50,091|49,956|48,584|48,017|48,171|51,639|49,379|47,951|47,331|45,807|42,704|44,231||
|**Cash Receipts**||||||||||||||||
|Fees - paid in cash||0|0|0|0|0|0|0|0|190|0|0|0|16|190|
|Fees - paid online||1,553|1,920|2900|1,918|1,950|2,540|3,678|1,344|3,045|3,888|3,254|0|2,332|27,988|
|Uniform purchases||0|0|0|0|0|0|0|0|0|0|0|0|0|0|
|Fundraising / Donations||68|0|65|960|20|0|1,524|6|108|0|183|0|245|2,935|
|Government Funding||3,365|3,365|3365|3,251|4,054|4,554|4,346|3,421|3,421|3,703|3,280|3,280|3,617|43,404|
|SEND/DAF Payment||85|85|85|85|136|141|941|828|0|0|0|0|199|2,386|
|EYPP Funding||32|32|32|32|34|34|201|23|23|30|19|23|43|511|
|Interest||58|0|0|104|0|0|148|0|0|170|0|0|40|480|
|Other||0|0|0|0|0|245|20|15|0|0|6|110|33|396|
|Total Cash Receipts||5,160|5,401|6447|6,350|6,194|7,513|10,857|5,636|6,787|7,791|6,742|3,413|6,524|78,291|
|**Cash Paid Out**||||||||||||||||
|Wages||5,954|5,678|6050|5,201|5,870|5,650|6,075|6,786|6,458|6,725|6,230|6,215|6,074|72,892|
|PAYE to HMRC||185|262|218|329|289|378|174|0|1,052|280|465|0|303|3,633|
|Website||42|42|42|42|42|42|42|50|50|50|50|50|46|546|
|Consumables||4|14|0|0|18|54|19|13|13|10|17|0|14|163|
|Village Hall Hire||0|760|0|1,596|340|760|570|855|450|870|1,000|0|600|7,201|
|DBS||13|0|13|0|8|13|13|0|0|13|13|72|13|158|
|Broadband and Mobile||47|47|47|47|47|47|47|54|54|54|54|54|50|598|
|Flowers & Gifts||0|0|0|59|0|0|28|0|0|0|53|0|12|140|
|Equipment||14|52|0|0|0|14|0|2|0|53|34|0|14|169|
|Other||0|0|0|0|0|245|0|55|0|0|182|0|40|482|
|EYPP Spend||2|0|0|0|0|59|15|75|33|71|36|0|24|291|
|Accounting||0|268|0|155|0|0|81|0|0|279|0|0|65|782|
|Stationery||84|0|8|0|7|4|0|0|100|0|22|10|20|235|
|Subscriptions||164|0|25|0|35|0|0|0|0|0|80|110|35|414|
|Insurance||0|932|0|0|0|0|0|0|0|0|0|0|78|932|
|Training||0|29|32|0|100|0|0|0|0|0|0|0|13|161|
|Advertising||0|0|0|0|0|0|82|0|0|0|0|0|7|82|
|Charges||5|5|5|5|5|5|5|5|5|5|5|5|5|60|
|Fundraising Costs||0|0|141|288|0|89|240|0|0|0|25|0|65|782|
|Total Cash Paid Out||6,515|8,089|6,582|7,722|6,761|7,360|7,390|7,896|8,215|8,411|8,266|6,515|7,477|89,722|
|OperatingProfit/Loss||(1,356)|(2,688)|(135)|(1,372)|(567)|154|3,467|(2,259)|(1,428)|(620)|(1,524)|(3,102)|(953)|-11,430|
|Closing Balance Barclays Account||886|636|531|1,059|533|691|4,016|1,761|338|553|4,034|936|1,331||
|Closing Balance in Current Account||943|106|76|71.19|31.19|26.19|21.20|16.20|11|106|101|96|134||
|Closing Balance Gold Savings Account||50,950|49,350|49,350|47,454|47,454|47,454|47,602|47,602|47,602|46,672|41,672|41,672|47,069||
|CLOSING BALANCE||52,779|50,091|49,956|48,584|48,018|48,171|51,639|49,380|47,952|47,331|45,807|42,705|48,534||



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