## **Appendix C** **Appendix 1** ## **Treasurer’s Report – 11.02.2026** Attached are the current reports for income and expenditure up to 31.08.2025 for your information and approval. ## **Bank balances** The total balance held across all accounts on 31.08.2024 was £29,226.33 (previous year £23,988) - **Current account:** £6,779.43 ( _£3,765 previous year)_ - **Savings account:** £22,446.90 ( _£20,223 previous year)_ ## **Proft and loss report for 2024/2025** Income for this financial year totals XXX (previous year £66,546) Total: £86,664 (previous year £67,627) - Fees £75,559 (£54,799) - Outstanding fees: £3,124 - Fundraising: - Donations: £4,977 _(including £2,963 donation from HPC) (prior year £18,615)_ Expenditure: £87,882 (£73,566) 1. The largest expenditure is on staff salaries £71,723 (previous year £55, _192)_ _2._ Rent is 7,812 (previous year £7,608) ## **Savings account** Our savings account balance has improved from last year despite higher costs. Charity Commission guidance recommends holding sufficient funds to cover 3 months of essential costs. This is approx. £20,000. These funds provide financial security and help ensure the organisation can meet its obligations, including cov- ering operational costs in the event of unforeseen circumstances or temporary closure. Funds held in savings also allow the organisation to benefit from interest earned on surplus monies. We will review the reserve amount in the Summer Term to account for rising NMW, Employer NI and rent. ## **General position** We are pleased to report that we have reduced the deficit this year, this is due to an increase in the number of children attending, and the minimum number of staff required in ratio, working extremely hard to cover the staff shortage. We were able to increase all members of staff’s salaries in line with the NMW increases. We received a small increase in the early years funding rates, although these did not match the percentage increase in the NMW. The current academic year is looking very promising financially. We are almost at full capacity. Our staffing costs have increased so we will remain prudent with finances. Most children that attend LO’s setting are fully funded by government’s early years funding. We also agreed to not increase the hourly fees of private paying families to keep competitive with other preschools in the area. We will review the fees in the summer term 2026. We will also review how we approach the additional charges for consumables etc that are a voluntary charge. Our current approach of using JustGiving for voluntary contributions may not be sufficient. This will help bridge the gap between government funding and costs. I also hope it will help cover further increases in NMW and Employer NI coming into effect in April 2026. Until the government increase the rates of all funded 3 & 4 year olds, we will continue to fundraise to bridge the financial gap. Although I took the role of treasurer at the last AGM, I was unable to fulfil my role as treasurer, until October 2025 due to a long delay by Ofsted. I received all the relevant paperwork in October. Julie continued her role as treasurer until then. I still do not have access to the bank account. It appears that former members of committee had not been removed from the bank account as signatories when stepping down which has prolonged the process as they must be removed. The matter is in hand and will hopefully be resolved within the coming week or two. Julie will continue processing staff payments and providing bank statements in the meantime. The accounts for the academic year 2024/2025 are currently with our auditor. Report ends Thank you Alexandra Farmery Treasurer **----- Start of picture text -----**
Haslingfield Little Owls
INCOME AND EXPENDITURE ACCOUNT
1st September 2024 to 31st August 2025
12 months 12 months
2024/25 2023/24
INCOME
Fees 75,857 54,799
Fund raising income 6,021 7,702
Donations 2,093 4,977
Miscellaneous income 0 0
Interest 0 149
Interest 225 0
Total Income 84,195 67,627
EXPENDITURE
Wages and salaries 70,823 56,370
Fund raising expenditure 1,108 1,389
Rent 7,812 7,608
Professional fees 1,053 550
Equipment purchases 3,787 5,156
Insurance 596 633
Miscellaneous expenses 305 278
Training 165 651
Subscriptions 1,333 931
Total Expenditure 86,982 73,566
Surplus (Deficit) (2,787) (5,938)
Haslingfield Little Owls
BALANCE SHEET
As at 31st August 2023
2024/25 2023/24
CASH
Cash (bank current account) 6,779 3765
Cash (bank deposit account) 22,447 20,223
Total Cash 29,227 23,988
DEBTORS
Prepayments and accrued income 243 419
Unpaid fees 3125
Total Debtors 243 3,544
CREDITORS
Fees paid in advance (7,792) (5,607)
PAYE (450)
Donation HPC for next year (2,991)
Total Creditors -10,783 -6,057
Total 18,687 21,474
ACCUMULATED FUND
Balance brought forward 21,474 27,412
Surplus/(Deficit) for the year (2,787) (5,938)
Total 18,687 21,474
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Haslingfield Little Owls On accounts for the year ended 31st August 2025 Charity no (if any) CE0012367 Set out on pages 1to2 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3110812025. Responsibilities and basis of report 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 I have completed my examination. I confirm that no material matters have examiner's ststement come to 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 Irue and fair, view which is not a matter considered as part of an independent examination. I have no COn￿mS 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 rf they do not apply. Date: 21st May 2026 Signed: Name: David J Rowe Relevant professional qualification(s) or body (if any): FCMA, FGMA Address: 16 Wytherlies Drive, Bristol. BS16 1 HX IER Oct 2018