CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Cabin Pre-school CIO On accounts for the year ended 318¢ August 2022 Charlty no (If anyl 1164579 Set out on pages 14 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110812021. Responslbillt5es and basis of report As the charity's trusteès, you are responsible for the preparation of th8 accounts in accordance with the requirements of the Charities Act 2011 (Yh8 Acr}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charily Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examlner's stat•m•nt come to my attention in connection with the examination which gives m8 cause to believe that in, any material respect- the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records,. or the accounts did not comply with the applirAble requirements Concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a Matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should b8 drawn in this report in order to enable a prop8r understanding of the accounts to be reached. Slgned: Date: 18th May 2023 Name: Joan C Eyles Relovant professional qualification(sl or body lif any): AQA (part Qual) Address: 40 Duncan Road Woodley RG5 4HS IER Oct 2018 ## The Cabin Pre-School CIO Treasurer’s Report - AGM 7[th] November 2022 Financial period 1[st] September 2021 – 31[st] August 2022 I am pleased to confirm The Cabin Pre-School continues to be in a healthy financial position. In the year total income was £76,088 with total expenditure £77,622 meaning a small loss of £1534 ## Income and Expenditure Total operating Income of £76,088 was down 5.15% from £80,225 in 2020-21. Funded income (grants) was 41% lower than prior year, due to fewer funded children, however we had 45% increase in come from younger children who paid directly for their sessions. As the early years nursery funding given to pre-schools has not been keeping pace with increasing costs, for the first time we have asked families who child receives early years funding for a voluntary donation each term. The Total Expenditure of £77,622 increased by 2.33% on previous years to £75,807. Utility cost are lower partially due to an electricity refund and only paying for that used each month. We also secured a 2 year fixed rate in Nov 21, so we are shielded from financial pressure in the energy market for the next financial year. Other expenditure was broadly similar to the previous year with the exception of Stationary and Admin, and Toys and materials, these cost centres have increased due to changes to the fixed assets. ## Fixed Assets: In prior years the cost of purchases for large items such as classroom furniture, play equipment and replacement heaters has been spread (or depreciated) over several years. The value of these assets at end of July 2022 was £2962, and it was decided to write off (charge to) this years accounts. ## Staffing Costs This will always be our largest expense. We always try to balance a strong work force with the adult:child ratio. There are times when the number of adults exceeds that necessary but helps maintain a consistent environment for both the staff and children. All staff received pay rate increases in April increasing this expense by 2.39% on 2021. ## Fundraising and donations |Fundraising and donations|||| |---|---|---|---| |We were able to organise fundraising|events once again:||| |Village fete - bouncy castle|£430.|Bingo Night was another success raising|| |£1500|||| |Photographer:|£67|Co-Op community donation:|£2090| |Quiz Night at the Red Lion:|£215|Xmas Raffle|£197| |Bacon Rolls at the Spring Fair|£447|Amazon smile|£71| |Bickerton Family|£168||| ## Bank Accounts At the end of the year, we held in the day to day operating account: £31,591 Reserve Account – for contingency, redundancies and new building: £70,000 Prepared by: Helen Baker Treasurer November 2022 ## **Profit and Loss** ## **The Cabin Pre-School CIO For the year ended 31 August 2022** |**Profit and Loss**
**The Cabin Pre-School CIO**
**For the year ended 31 August 2022**||| |---|---|---| ||**2022**|**2021**| |**Turnover**||| |Donations|812.30|-| |Fundraising & Donations|5,486.96|2,354.38| |Grant Vouchers|45,776.90|64,580.13| |Interest Income|46.89|6.93| |Parents Fees|23,855.77|13,104.10| |Uniforms|110.00|180.30| |**Total Turnover**|**76,088.82**|**80,225.84**| |**Cost of Sales**||| |Advertising & Marketing|312.00|274.50| |Entertainment - 0%|62.50|144.80| |Food & cleaning|1,366.41|1,233.49| |Fundrasing Expenses|30.00|132.99| |Hot Lunches|347.89|345.53| |Insurance|2,468.19|2,428.37| |Repairs & Maintenance|1,530.91|1,717.79| |Staff Training|160.60|426.00| |Stationery & Admin|3,100.51|2,166.01| |Telephone & Internet|418.31|300.13| |Toys and Materials|3,235.64|2,239.90| |Utilities|3,168.20|4,122.61| |**Total Cost of Sales**|**16,201.16**|**15,532.12**| |**Gross Profit**|**59,887.66**|**64,693.72**| |**Administrative Costs**||| |Bank Fees|98.00|84.00| |Depreciation Expense|625.20|930.76| |Pensions Costs|534.80|536.73| |Rent|150.00|150.00| |Salaries|60,013.87|58,574.24| |**Total Administrative Costs**|**61,421.87**|**60,275.73**| |**Operating Profit**|**(1,534.21)**|**4,417.99**| |**Profit on Ordinary Activities Before Taxation**|**(1,534.21)**|**4,417.99**| |**Profit after Taxation**|**(1,534.21)**|**4,417.99**| Profit and Loss The Cabin Pre-School CIO Balance Sheet The Cabin Pre-school CIO As at 31 August 2022 31Au 2022 31Au 2021 Flxed Assets Tangible 8uilding$ Le55 AccJJmulated DeprecKgtion on 8ulldlng8 Le55 AC￿MUla￿d Dopreuation on PIBY Equipment Play Equlpment Total Tanglble AMots Total Fixed A880ts 2,484.75 11.237.451 11,815.481 4,102.58 3,534.40 3,534.40 Current A¥s•ts CaBh at bonk 8nL1 In han Cafca$h- Main CafGold- FundrgLBing FUNDRAISING FLOAT Patty Cash Totsl Cash at bank and In hand Accoun¢8 Rec¢fva)1g Pr8payrn8nts Totsl Curr•ntA•Mts 31,591.04 70,009.60 30.IXI 39.74 101,670.38 o_oo 324,43 101.994.81 21,312.89 69.251.75 21.76 90,616.40 187.7SI 0.00 90,528.60 Creditors: amounts fallln Accounts Pkyabk• Accruab Incom8 in Advanco NIC Payable PAYE Payabl• SuS￿n$e Tolal Credltorn.. •mounts falllng duo wlthln ongymr due withln one ear 1,709.43 1180.001 8.531.28 0.00 257.34 1Q1.52 195.DJ 140.881 10,019.B3 $53A8 NBt CurrontA88ets Llabllttl 91974.98 89 974.79 Total A￿•￿188¥ eurrent Uablllw 91974.98 93 509.19 N•t A•••ts 91 974.98 ltsl and Roserve8 Cawtsl- $avlng$ cu￿ent Y8ar Eamlngs R•tsln8d E8mlng$ Total Capltal and ReBery•• 78.278.63 11,$34.211 15,230.56 91.974.98 78.278.63 4.417.99 10,812.57 93,509.19 Caroline Gibson Position Date Chair 2210512023