David McGurk of MCA Commercial Services Ltd has examined and prepared our accounts. The majority of our income is received from Essex County Council. This year the total was £81,079, our income from fees was £28,264. Our income this year was £11,226 less than 2022 mainly due to lower occupancy.
Our expenditure in 2023 was £155,432 which is significantly higher than 2022, the main reasons for this was an increase in National Living Wage, increased pension contributions etc. as well as an increase in staffing numbers to support children with SEN.
The balance sheet has cash balances of £47,053 plus net book value of building and fixtures. The building was mainly funded by Essex County Council in 2007 and that cost is being depreciated over 25 years. The yearly depreciation is £6718.
Going forward we hope to operate at full occupancy, to remain sustainable we will need to increase our fees and review the amount we charge for ‘consumables’ per session to cover additional costs of providing childcare as the funding rate does not fully cover the cost. In order to try and increase income the staff have run clubs during the school holidays and we will be focusing our efforts on fundraising for the preschool.
Registered CIO number CE007201 Registered Charity Number 1168548
Birchanger Butterflies Pre-school
Report and Accounts
31 December 2023
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 Butterflies Pre-school
Trustee’s report
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Birchanger Butterflies Pre-school
Income and expenditure account For the year ended 31 December 2023
| Notes Income 2 Expenditure 3 (Deficit)/surplus Reserves b/fwd Reserves c/fwd |
2023 2022 123,380 134,586 (155,432) (132,730) |
|---|---|
| (32,053) 1,856 140,945 139,089 |
|
| 108,892 140,945 |
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Birchanger Butterflies Pre-school
Balance Sheet As at 31 December 2023
| Notes Fixed assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net assets Reserves |
2023 63,598 47,053 1,759 108,892 108,892 |
2022 70,316 70,629 - |
|---|---|---|
| 140,945 | ||
| 140,945 |
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Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2023.
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
| Council funding Fees from parents Donations Fundraising Interest received Other Total income |
2023 2022 81,079 107.899 28,264 - 15,247 3,000 254 121 1,012 71 13,662 7,357 |
|---|---|
| 123,380 134,586 |
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Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2023.
3. Expenditure
| Staff costs Premises costs Other overhead costs Depreciation |
2023 2022 123,755 104,562 3,184 3,658 21,775 17,792 6,718 6,718 |
|---|---|
| 155,432 132,730 |
4. Fixed assets
| Cost 1 January 2023 Additions C/fwd Depreciation 1 January 2023 Charge for year C/fwd Net book value 31 December 2023 31 December 2022 |
Premises IT equipment Furniture Total 103,740 - - - - - 103,740 - |
|---|---|
| 103,740 - - 103,740 |
|
| 33,424 6,718 - - - - 33,424 6,718 |
|
| 40,142 - - 40,142 |
|
| 63,598 - - 63,598 |
|
| 70,316 - - 70,316 |
6 | P a g e
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Birchanger Butterflies Pre-school On accounts for the year 31[st] December 2023 Charity no 1168548 ended (if any) Set out on pages 3-6 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2023. Responsibilities and basis As the charity's trustees, you are responsible for the preparation of the accounts in of report 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:
-
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 applicable 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 considered 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 be drawn in this report in order to enable a proper understanding of the accounts to be reached.
* Please delete the words in the brackets if they do not apply.
Date: 31[st] October 2024
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
IER