Treasurer's Summary
Whitchurch-on-Thames Pre-School
For the year ended 31 March 2022 Cash Basis
Summary of 2021/22 Performance
The year ended 31/03/2022 was a strong year for the pre-school, against a backdrop of rising costs and increasing staff wages.
Income, including grants, was £120,855 vs £83,226. This reflects greater occupancy rates at the school coupled with limited disruptions from COVID-19 lockdowns.
Staff costs were up 50%, at £76,070 vs £50,600 the year previous, but this reflects higher numbers of staff to reflect increased attendance, as well as the result of the pay rises award in the year. Staff costs will need to be closely monitored against income in 2022/23 to ensure we are maintaining a viable operation at the pre-school.
Overall our operating surplus was £17,400 vs £12,525 in FY2021. Coupled with a solid fundraising performance and limited spending from the fundraising pot, the overall surplus for the year was £24,565 vs £13,570 the year before.
From a cash perspective, the preschool continues to build reserves, which hopefully can be used to fund the refurbishment of the setting. Overall cash reserves are just over £130,000.
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Receipts and Payments
Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis
| Receipts and Payments Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis |
Receipts and Payments Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis |
|---|---|
| 2022 2021 |
|
| Operating Income | |
| Business Income | |
| Fees and lunch club 54,864 24,326 |
|
| Grants 65,913 58,329 |
|
| Registration 75 320 |
|
| Bank interest 3 251 |
|
| Total Business Income 120,856 83,227 Other Income |
|
| Children's Uniform (207) 22 162 |
|
| Other Income 190 2,509 |
|
| Total Other Income 212 2,671 |
|
| Total Operating Income 121,068 85,897 Operating Expenditure |
|
| Employment | |
| Staff Wages 69,535 45,635 |
|
| HMRC 4,013 3,457 |
|
| Training 1,580 914 |
|
| Fees inc Agency & Recruitment 941 613 |
|
| Staff Uniforms - 32 |
|
| Total Employment 76,070 50,651 Operating Costs |
|
| Stationery and Printing 348 977 |
|
| Educational costs 7,863 871 |
|
| Food and drink 446 59 |
|
| Hygiene and Sanitation 1,660 2,297 |
|
| Insurance 2,009 1,991 |
|
| Advertising 158 - |
|
| Memberships and Registrations 2,100 2,087 |
|
| Magazine Subscriptions 59 - |
|
| Total Operating Costs 14,642 8,281 Utilities |
|
| Electricity 632 615 |
|
| Gas 486 463 |
|
| Telephone 591 499 |
|
| Water 258 - |
|
| Total Utilities 1,967 1,577 |
Property
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Receipts and Payments
| 2022 2021 |
|
|---|---|
| Electrical testing 119 107 |
|
| Electrical equipment (inc. IT) - 266 |
|
| Cleaning 2,354 1,754 |
|
| Gardening (inc. equipment) 71 181 |
|
| Repairs and maintenance 4,198 835 |
|
| Outdoor Equipment 174 236 |
|
| Total Property 6,917 3,378 Other expenses |
|
| Children's Uniform (320) 912 - |
|
| Gifts 593 600 |
|
| Miscellaneous 2,073 7,370 |
|
| Occasions / Entertainment 144 - |
|
| Outdoor Learning 349 1,514 |
|
| Total Other expenses 4,072 9,484 |
|
| Total Operating Expenditure 103,667 73,371 |
|
| Operating Surplus / (Deficit) 17,401 12,526 Fundraising |
|
| Fundraising & Donations 7,873 12,654 |
|
| Cost of Fundraising (61) (669) |
|
| Fundraising Purchases (647) (10,941) |
|
| Fundraising Surplus / Deficit 7,164 1,044 |
|
| Combined Surplus / (Deficit) 24,565 13,570 |
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Statement of Financial Position
Whitchurch-on-Thames Pre-School As at 31 March 2022
Cash Basis
| Statement of Financial Position Whitchurch-on-Thames Pre-School As at 31 March 2022 Cash Basis |
Statement of Financial Position Whitchurch-on-Thames Pre-School As at 31 March 2022 Cash Basis |
|---|---|
| 31 MAR 2022 31 MAR 2021 |
|
| Current Assets | |
| Cash at bank and in hand | |
| CAF Cash Account 60,580 39,541 |
|
| CAF Gold Account 19,831 16,173 |
|
| Equals Card 23 198 |
|
| Manchester Building Society 49,903 49,903 |
|
| Soldo Card 44 - |
|
| Total Cash at bank and in hand 130,380 105,815 |
|
| Total Current Assets 130,380 105,815 Creditors: amounts falling due withinone year |
|
| Rounding - - |
|
| Total Creditors: amounts falling due within one year - - |
|
| Net Current Assets (Liabilities) 130,380 105,815 |
|
| Total Assets less Current Liabilities 130,380 105,815 |
|
| Net Assets 130,380 105,815 Capital and Reserves |
|
| Current Year Earnings 24,565 13,570 |
|
| Surplus / Deficit 105,815 92,245 |
|
| Total Capital and Reserves 130,380 105,815 |
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Treasurer's Summary
Whitchurch-on-Thames Pre-School
For the year ended 31 March 2022 Cash Basis
Summary of 2021/22 Performance
The year ended 31/03/2022 was a strong year for the pre-school, against a backdrop of rising costs and increasing staff wages.
Income, including grants, was £120,855 vs £83,226. This reflects greater occupancy rates at the school coupled with limited disruptions from COVID-19 lockdowns.
Staff costs were up 50%, at £76,070 vs £50,600 the year previous, but this reflects higher numbers of staff to reflect increased attendance, as well as the result of the pay rises award in the year. Staff costs will need to be closely monitored against income in 2022/23 to ensure we are maintaining a viable operation at the pre-school.
Overall our operating surplus was £17,400 vs £12,525 in FY2021. Coupled with a solid fundraising performance and limited spending from the fundraising pot, the overall surplus for the year was £24,565 vs £13,570 the year before.
From a cash perspective, the preschool continues to build reserves, which hopefully can be used to fund the refurbishment of the setting. Overall cash reserves are just over £130,000.
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Receipts and Payments
Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis
| Receipts and Payments Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis |
Receipts and Payments Whitchurch-on-Thames Pre-School For the year ended 31 March 2022 Cash Basis |
|---|---|
| 2022 2021 |
|
| Operating Income | |
| Business Income | |
| Fees and lunch club 54,864 24,326 |
|
| Grants 65,913 58,329 |
|
| Registration 75 320 |
|
| Bank interest 3 251 |
|
| Total Business Income 120,856 83,227 Other Income |
|
| Children's Uniform (207) 22 162 |
|
| Other Income 190 2,509 |
|
| Total Other Income 212 2,671 |
|
| Total Operating Income 121,068 85,897 Operating Expenditure |
|
| Employment | |
| Staff Wages 69,535 45,635 |
|
| HMRC 4,013 3,457 |
|
| Training 1,580 914 |
|
| Fees inc Agency & Recruitment 941 613 |
|
| Staff Uniforms - 32 |
|
| Total Employment 76,070 50,651 Operating Costs |
|
| Stationery and Printing 348 977 |
|
| Educational costs 7,863 871 |
|
| Food and drink 446 59 |
|
| Hygiene and Sanitation 1,660 2,297 |
|
| Insurance 2,009 1,991 |
|
| Advertising 158 - |
|
| Memberships and Registrations 2,100 2,087 |
|
| Magazine Subscriptions 59 - |
|
| Total Operating Costs 14,642 8,281 Utilities |
|
| Electricity 632 615 |
|
| Gas 486 463 |
|
| Telephone 591 499 |
|
| Water 258 - |
|
| Total Utilities 1,967 1,577 |
Property
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Receipts and Payments
| 2022 2021 |
|
|---|---|
| Electrical testing 119 107 |
|
| Electrical equipment (inc. IT) - 266 |
|
| Cleaning 2,354 1,754 |
|
| Gardening (inc. equipment) 71 181 |
|
| Repairs and maintenance 4,198 835 |
|
| Outdoor Equipment 174 236 |
|
| Total Property 6,917 3,378 Other expenses |
|
| Children's Uniform (320) 912 - |
|
| Gifts 593 600 |
|
| Miscellaneous 2,073 7,370 |
|
| Occasions / Entertainment 144 - |
|
| Outdoor Learning 349 1,514 |
|
| Total Other expenses 4,072 9,484 |
|
| Total Operating Expenditure 103,667 73,371 |
|
| Operating Surplus / (Deficit) 17,401 12,526 Fundraising |
|
| Fundraising & Donations 7,873 12,654 |
|
| Cost of Fundraising (61) (669) |
|
| Fundraising Purchases (647) (10,941) |
|
| Fundraising Surplus / Deficit 7,164 1,044 |
|
| Combined Surplus / (Deficit) 24,565 13,570 |
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
Statement of Financial Position
Whitchurch-on-Thames Pre-School As at 31 March 2022
Cash Basis
| Statement of Financial Position Whitchurch-on-Thames Pre-School As at 31 March 2022 Cash Basis |
Statement of Financial Position Whitchurch-on-Thames Pre-School As at 31 March 2022 Cash Basis |
|---|---|
| 31 MAR 2022 31 MAR 2021 |
|
| Current Assets | |
| Cash at bank and in hand | |
| CAF Cash Account 60,580 39,541 |
|
| CAF Gold Account 19,831 16,173 |
|
| Equals Card 23 198 |
|
| Manchester Building Society 49,903 49,903 |
|
| Soldo Card 44 - |
|
| Total Cash at bank and in hand 130,380 105,815 |
|
| Total Current Assets 130,380 105,815 Creditors: amounts falling due withinone year |
|
| Rounding - - |
|
| Total Creditors: amounts falling due within one year - - |
|
| Net Current Assets (Liabilities) 130,380 105,815 |
|
| Total Assets less Current Liabilities 130,380 105,815 |
|
| Net Assets 130,380 105,815 Capital and Reserves |
|
| Current Year Earnings 24,565 13,570 |
|
| Surplus / Deficit 105,815 92,245 |
|
| Total Capital and Reserves 130,380 105,815 |
Financial Year End Report 2021-22
Whitchurch-on-Thames Pre-School
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the yoar ended 0fknknLL Charity no {if any) Iozl Lkl Set out on pages Iremeniber to Indude ltta paaB numbèts ¢11 Addthon&l shegtsl I report lo the trustees on my examination of the accounts of the above charity ("the Trust I for the year ended a Dg 202 As the charity's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {"the Ad'l. Responsibilities and basis of report 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(51(bl of the Act. Independent tThe charity's gross income excee am qualified to oxaminer's statement undertake t y being a qualified member of Iinsert name of le listed bodyll. Délele I l if nol applicable. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination l¢)the seb6. which gives me cause to believe that in. any matenal 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 concems 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. 'pi S8 dele the words in the brackets rfthey do not apply. Signed: Date: OLL Name: Relevant professlonal qualifi¢ationlsl or body ) FocE IER Oct 2018