2025-08-31-accounts

Sunflower Seed

Annual Report 2024/25

Contents:

1. Introduction

2. Financial Performance 2024/25

3. Income Analysis

4. Expenditure Analysis

5. Cash Reserves

6. Balance Sheet

Registered charity number: 1177943

1. Introduction:

• Sunflower Seeds Preschool offers childcare provision for children age 2 – 11 in a form of following services:

• Pre-School

• After School Tea Club

• Breakfast Club

• Holiday Club

• The setting is run from a cabin located on the Northborough Primary School.

• Sunflower Seeds employs 16 members of staff on a full or part time basis.

2. Financial Performance: 2024/25 (Sept 24-Aug 25)

INCOME Staff Costs Provision of Service Premises Office Other Expenditure EXPENDITURE TOTAL SURPLUS / (DEFICIT)	2024/25 245,543 -199,215 -10,910 -7,816 -14,645 -2,512 -235,096 10,447	2023/24 253,267 -188,144 -8,037 -7,524 -4,647 -8,137 -216,488 36,779	Movement -7,724
			-11,070
			-2,873
			-292
			-9,998
			5,625
			-18,608
	10,447	36,779	-26,332

• Sunflowers ended the Financial year with a £10k surplus this Financial Year. This represents a £27k decline vs ast year

• Whilst quotes and drawings have been attained for a potential supply & construction of the new building the Sunflower Seed New Build project has seen no further progression and no further project costs (or income) were incurred during the year 2024/25.

3. Income Analysis

Analysis
Income Parents Fees PCC Funding PCC Sustainability Grant CJRS Claims Fundraising Voluntary Contributions Other TOTAL BAU INCOME	2024/25 145,271 97,064 0 0 315 0 2,893 245,543	2023/24 120,039 122,596 7,500 0 857 0 2,276 253,267	Movement
			25,232 -25,532 -7,500
			0
			-541
			0
			617
	245,543	253,267	-7,724

• Income has decreased by £8k year on year.

• Income from parent fee’s and PPC funding is largely flat with the majority of the decline driven by there being no PCC sustainability grant in 2024/25.

4. Expenditure Analysis

Staff Costs Net Wages PAYE Tax Pension Recruitment Sub Total Provision of Service Teaching Materials Staff Training Groceries/Catering Activities Uniform Sub Total Premises Rent Maintenance / Cleaning Utilities Sub Total Office Office Supplies Telephone Equipment IT Insurance Fees and Licenses Sub Total Other Expenditure Cost of Fundraising Marketing Misc. Expenditure Bank Charges Sub Total TOTAL BAU EXPENDITURE	2024/25 -168,513 -16,812 -13,764 -125 -199,215	2024/25 -168,513 -16,812 -13,764 -125 -199,215	2023/24 -161,156 -13,948 -12,627 -413 -188,144	2023/24 -161,156 -13,948 -12,627 -413 -188,144	Movement
					-7,357
					-2,864
					-1,137
					288
					-11,070
	-1,631		-814		-817
	-480		-894		414
	-7,418		-6,244		-1,174
	-952		-36		-916
	-429		-48		-381
	-10,910		-8,037		-2,873
	-720		-315		-405
	-6,346		-8,968		2,622
	-750		-500		-250
	-7,816		-9,783		1,967
	-1,743		-801		-942
	-1,231		-740		-491
	0		0		0
	0		0		0
	-3,043		-891		-2,152
	-8,628		-2,215		-6,413
	-14,645		-4,647		-9,998
	-25		0		-25
	-72		-216		144
	-3,712		-7,789		4,077
	1,297		-132		1,429
	-2,512		-8,137		5,625
	-235,096		-218,748		-16,349

• Total BAU expenditure increased by £16k from the previous year.

• Variance driven by in increase in Staff costs where committee voted to increase wagesto combat cost of living increase. The rate of NI also increased in year.

• Provision of service costs increased largely driven by general cost of living increases in Groceries/Catering

• Office costs have increased substantially YoY driven by the onboarding of Citation for provision of a HR advisory services.

• Insurance costs have also increased following review ensuring we have appropriate cover.

5. Cash Reserves

h Reserves
Cash Reserves (£)	31-Aug-25		31-Aug-24		Movement
Barclays: Main Current Account	324		698		-374
* New Barclays Current	48,848		40,216		8,631
Barclays: New Building Account *	11,651		11,651		0
Barclays: Business Premium Account	0		0		0
New Barclays Savings	153,799		120,287		33,512
Virgin Money Account	0		31,322		-31,322
Total Cash Reserves	214,622		204,175		10,447

• Sunflower Seed total cash reserves increased by £10,447 over the year 2024/25, standing at £214,622 at the financial year end.

• This is still a healthy cash position. However, a large proportion of these reserves will be required to fund the New Build project, ensuring the long-term viability of the Sunflower Seed setting.

• Barclays Bank have placed the New Building Account into dormancy. Processes to reinstate the account are being followed.

6. Balance Sheet at 31 August 2024

Sunflower Seeds Balance Sheet

----- Start of picture text -----
31-Aug-25
]
£ £
Fixed Assets 0
Current Assets
Deposits and Cash 165,450
Bank Account 49,172
Total 214,622
Current Liabilities 0
Current Assets less Current Liabilities: 214,622
Total Assets less Current Liabilities: 214,622
Long Term Liabilities 0
Total Assets less Total Liabilities: 214,622
Capital & Reserves
Reserves 204,175
P & L Account 10,447
Total 214,622
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