## 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
**----- End of picture text -----**