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2022-12-31-accounts

David McGurk of MCA Commercial Services Ltd has examined and prepared our accounts.

The majority of income is received from Essex County Council. This year the total was £107,899. Our Fees brought in £15,247. Our total income is £31,159 higher than the previous year as the preschool was running at almost full occupancy which continues into 2023. We were also very fortunate to receive a donation of £3000 from Thorley Pre-school which we used to fund a new Pergola to enhance our outdoor learning area. Our fundraising total for 2022 was £1012 compared to £323 during 2021.

Our expenditure totalled £132,730 which is an increase of £16,492 on the previous year. The majority of which is staff wages at £104,562.

The balance sheet has cash balances of £70,629 plus net book value of the building and fixtures. The building was funded mainly by Essex County Council in 2007 and that cost £150,000 is being depreciated over 25 years. The yearly depreciation is £6718.

Going forward we hope to continue to operate at full or almost full occupancy, we have had to increase our fees from September 2023 in order to remain sustainable due to increasing running costs especially the increase in National Living Wage and changes to the law regarding holiday pay for term time only employees. We have hosted several successful fundraising events such as a Quiz Night and Hall of fun and hope to raise as much as possible this coming year. During the summer holidays the staff ran numerous Forest School and Outdoor learning days to generate some more income for the pre-school, they were very popular so we plan to do this again in the school holidays. We also hope to increase the number of our committee members so we have more support especially with fundraising events.

Registered CIO number 1168548

Birchanger Butterflies Pre-school

Report and Accounts

31 December 2022

Birchanger Butterflies Pre-school

Contents

Report of the Trustees 2
Income and expenditure account 3
Balance Sheet 4
Notes to the Accounts 5-6

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Birchanger Butterfiies Pre-school Trustee's report 21Page

Birchanger Butterflies Pre-school

Income and expenditure account For the year ended 31 December 2022

ncome and expenditure account
or the year ended 31 December 2022
Notes
Income
2
Expenditure
3
Surplus/(deficit)
Reserves b/fwd
Reserves c/fwd		 2022
2021
134,586
103,427
(132,730)
(116,238)
1,856
(12,811)
139,089
151,900
140,945
139,089

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Birchanger Butterflies Pre-school

Balance Sheet As at 31 December 2022

alance Sheet
As at 31 December 2022
Notes
Fixed assets
4
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
Net assets
Reserves		 2022
70,316
70,629
-
140,945
140,945		 2021
77,034
62,055
-
139,089
139,089

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Birchanger Butterflies Pre-school

Notes to the Financial Statements for the year ended 31 December 2022.

1. Accounting policies

The accounts have been prepared under the historical cost convention and in accordance with the Charities Statement of Recommended Practice (FRS 102), “Accounting and Reporting by Charities”.

Income

Turnover represents funds received for services supplied by the Charity, net of value added tax plus grants and donations.

Depreciation

Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives.

Premises 25 years
Computer equipment 3 years
Furniture and equipment 5 years

2. Income

Furlough grant received
Council funding
Fees from parents
Donations
Fundraising
Interest received
Other
Total income		 2022
2021
-
3,161
107.899
80,894
15,247
3,000
13,884
-
1,012
71
323
-
7,357
5,165
134,586
103,427

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Birchanger Butterflies Pre-school

Notes to the Financial Statements for the year ended 31 December 2022.

3. Expenditure

Staff costs
Premises costs
Other overhead costs
Depreciation		 2022
2021
104,562
95,788
3,658
2,824
17,792
10,908
6,718
6,718
132,730
116,238

4. Fixed assets

Cost
1 January 2022
Additions
C/fwd
Depreciation
1 January 2022
Charge for year
C/fwd
Net book value
31 December 2022
31 December 2021		 Premises
IT
equipment
Furniture
Total
103,740
-
-
-
-
-
103,740
-
103,740
-
-
103,740
26,706
6,718
-
-
-
-
26,706
6,718
33.424
-
-
33,424
70,316
-
-
70,316
77,034
-
-
77,034

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and basis
of report		 Charity Name
Birchanger Butterflies Pre-school		 Charity Name
Birchanger Butterflies Pre-school		 Charity Name
Birchanger Butterflies Pre-school
31stDecember 2022 Charity no
(if any)		 1168548
3-6
I report to the trustees on my examination of the accounts of the above charity (“the
Trust”) for the year ended 31stDecember 2022.
As the charity's trustees, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under
section 145 of the 2011 Act and in carrying out my examination, I have followed all
the applicable Directions given by the Charity Commission under section 145(5)(b)
of the Act.

Independent examiner's I have completed my examination. I confirm that no material matters have come to statement my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 4[th] October 2023

Signed: Name: David McGurk Relevant professional FCA qualification(s) or body (if any): Address: Coach House 195 Silver Street Stansted, CM24 8HB

Oct 2018

1

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