TREASURERS REPORT 06.09.2023
Income and expenditure were both higher than previous year. Minimum wage increase has affected us, but we increased fees to compensate. Parents are mainly ok with this increase but we don’t have a choice if we wish to continue the level of service we provide to the community.
We managed to stay afloat despite many obstacles however we know the next year or two will be tight with energy, wage and other increases forced on us.
We continue to invest in new items for the children and have continued our training plans with staff. The cost of this has however increased
We are already full for the upcoming year and have increased our prices in order to make the business more financially secure.
L WILKINS
06.09.23
POPPY PRE-SCHOOL
INCOME & EXPENDITURE FOR YEAR ENDED 31 August 2023
Bank Accounts as of 01.09.23
INCOME
KCC Funding 109,615 Cash fees 110,814
220,429
| 220,429 | ||
|---|---|---|
| EXPENDITURE | 2023 | 2022 |
| Wages | 143080.86 | 126,921 |
| Pension scheme costs | 7133.83 | 5,626 |
| HMRC PAYE | 14975.02 | 15,651 |
| Uniform costs | 378.56 | 0 |
| Insurance | 4998.88 | 3,673 |
| Rent | 0 | 0 |
| Utilities - Gas, electric, Water, TV License | 6930 | 2,195 |
| Building repairs and maintenance | 922.63 | 2,396 |
| Children's arts/crafts materials/equip, hygiene | 27443.14 | 29,923 |
| Skips/Bins | 2722.42 | 2,131 |
| Food | 4970 | 5,356 |
| Computer costs | 2164.23 | 1,568 |
| Staff Rewards | 743.88 | 1,113 |
| Miscellaneous expenses | 0 | |
| Thomson Elphick | 2364 | 1,668 |
| Bank charges | 0 | 66 |
| Training costs | 1118.64 | 659 |
| 219,946 | 198,946 |
Bank Accounts as of 31.08.2023 Petty Cash as of 31.08.2023
4111.45 220,429 -219,946 4,594 4585.95 4585.95
Independent Examiner/Auditor Report 2023
As a committee and independent assessor, we can confirm that the accounts for Poppy Pre School CIO for the period 01-09-2022 to 31-08-2023 have been checked, examined and we have no concerns.
We are well aware of the increase to the general cost of living and can see that the charity have increased their prices to enable them to meet the costs of increased minimum wage increases, energy and food rising costs. These funds have ensured the smooth running of the setting at no detriment to the children attending.
We praise them for their hard work and commitment.
A Brooker
C Underwood
C Lewis
09.09.2023
Hard and signed copy of document held at Poppy Pre School