## The Cabin Pre-School CIO Treasurer’s Report - AGM 6[th] December 2023 Financial period 1[st] September 2022 – 31[st] August 2023 I am pleased to confirm The Cabin Pre-School continues to be in a healthy financial position. In the year total income was £87,575 with total expenditure £83,619 meaning a profit of £3955. ## Income and Expenditure Total operating Income of £87,575 increased 15.1% from £76,088 in 2021-22. Funded income (grants) was 52% higher than prior year, due to more funded children, however we had 41% fall in income come from families paying for additional sessions or not eligible for funding. The Early years nursery funding rate was increased in April however this is still not been keeping pace with increasing costs, so we continue to aske families for a voluntary donation and help with snacks. The Total Expenditure of £83,619 increased by 7.2% on previous years to £77,622. Utility, insurance, Food & cleaning costs were broadly in line with prior year. We secured a 2 year fixed electricity rate in Nov 21, so were partially shielded from the high energy costs, this expires in Nov 2023 and we expect this cost to rise. ## Staffing Costs This will always be our largest expense. We always try to balance a strong work force with the required 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 8% on 2022. With the recently announced minimum wage increase for April 2024 a similar increase is expected in the next financial year. ## Fundraising and donations We were able to organise fundraising events once again: Village fete - bouncy castle £450. Bingo Night was another success £964 Photographer: £95 Amazon smile £82 Xmas Markets/Fayre £148 ## Bank Accounts At the end of the year, we held in the day to day operating account: £26,427.52 Reserve Account – for contingency, redundancies and new building: 70,720.00 Prepared by: Helen Baker Treasurer December 2023 ## **Profit and Loss** ## **The Cabin Pre-School CIO** ## **For the year ended 31 August 2023** |**Profit and Loss**
**The Cabin Pre-School CIO**
**For the year ended 31 August 2023**||| |---|---|---| ||**2023**|**2022**| |**Turnover**||| |Donations|1,046.98|812.30| |Fundraising & Donations|2,080.26|5,486.96| |Grant Vouchers|69,419.87|45,776.90| |Hot Luches|92.00|-| |Interest Income|746.06|46.89| |Parents Fees|14,124.48|23,855.77| |Uniforms|66.00|110.00| |**Total Turnover**|**87,575.65**|**76,088.82**| |**Cost of Sales**||| |Advertising & Marketing|192.00|312.00| |Entertainment - 0%|319.00|62.50| |Food & cleaning|1,349.21|1,366.41| |Fundrasing Expenses|261.56|30.00| |Hot Lunches|328.79|347.89| |Insurance|2,593.09|2,468.19| |Repairs & Maintenance|2,567.88|1,530.91| |Staff Training|538.00|160.60| |Stationery & Admin|1,782.10|3,100.51| |Telephone & Internet|415.78|418.31| |Toys and Materials|2,479.89|3,235.64| |Trip Expenses|421.80|-| |Utilities|3,852.74|3,168.20| |**Total Cost of Sales**|**17,101.84**|**16,201.16**| |**Gross Profit**|**70,473.81**|**59,887.66**| |**Administrative Costs**||| |Bank Fees|60.00|98.00| |Depreciation Expense|-|625.20| |Pensions Costs|1,202.86|534.80| |Rent|-|150.00| |Salaries|65,255.15|60,013.87| |**Total Administrative Costs**|**66,518.01**|**61,421.87**| |**Operating Profit**|**3,955.80**|**(1,534.21)**| |**Profit on Ordinary Activities Before Taxation**|**3,955.80**|**(1,534.21)**| |**Profit after Taxation**|**3,955.80**|**(1,534.21)**| Profit and Loss The Cabin Pre-School CIO 30 Apr 2024 Page 1 of 1 Balance Sheet The Cabin Prfrschool CIO As at 31 August 2023 CurrentA$5ets Cth&tl￿nk1￿d inl1* fta5h- Main Z6.42752 CalG￿d.FUndr*ns FUNORJJSINGFLOAT 7OWg. Pettycash TotalCa5h*bw*•ThJinlw 39.74 97J25J5 IOLMOJI 324.43 324.43 97.781.1 Creditors: amounts fallin Accountspay?ble dueT*lthSn one L.YIY3.43 497AI Incomeinlh4aKe 8531.28 NICPayable PAYEPayabie Suspense 140.881 IJ5JAQ Net Current Assets (Liabilities) 95,9>).78 Total A55ets ie%s Curr•nt L￿tillIO*S 95.9>J.7a NetA5sets 9W.7B ital and Reserves Captal. 5a¥ings CurrnfitYearEamln 78278 78,27&63 RetaiTrel EaminB5 ,69635 9%930.78 230.56 91.974.9• Signed '. Cardine Gibson Dale: 30￿￿12024 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to the tn￿1¢8&1 meM￿rn of The Cabin Pre-school CIO On accounts for tho yoar ended 31st August 2023 Charity no lrfany) 1164579 Sot out on pag•s 14 I report to the truslees on my examinats.on of th8 accounts ot the above charrty {Ihe Trusf> for the year ended 31108r2021. Respon$ibilitiu and basis of rnport As the charitys trustees, you are responsible for the preparats'on ofthe accounts in acoxdance the requirements of the Charities Act 2011 {kne A￿}. I report in resped of my examination of the Tnjst's accounts carried out under seL#ion 145 of 2011 Act arKJ in caryiThJ out my examination. I have followed all the apF4I￿tsle Direclior* given by the Charity Commission under seclion 145(S>lb) of the Act. Independènt I have coMp￿ed my examination. I confimi that no material matters have examinerf8 Statement come to my attention in connection tmih the examination which gives me cause to beI￿ve that in. any m*erial resF¢ the a¢counting records ￿re n(* kept in accordance with section 130 of the Chanties Ad.. or the a¢counts did not accord wth the accounting records; or the accounts did not comply with the applicab￿ requirements concemirKJ the fom arKI content of accounts set out in the Charities (A¢¢ounts and Reports} Regulats'ons 2008 other than any reqU1￿ment that the accounts give a Yrne and fairf vivw which is not a matter considered as part of an indeFendent examination. I have no concems and have (xyne auoss no other matters in conneclion wrth the examination to which attention Shoukl be drawn in this reF47rt in der to enaw ￿0Per understanding of the accounts to be reached. Slgn•d: 30th April 2024 Name: Joan C Eyles Relevant professional quallfi¢alion{s) or body Irf any): AQA (part QuaD Addros8: 40 Duncan R¢)ad W¢￿dleY RG5 4HS IER Oct 2018