2020-08-31-accounts

Treasurers Report - 3 October 2019

CHUF starts the term in a strong position, and finishes the preschool’s financial year up at around £7k. Gross profit is up by around £23k and expenses are down by around £5.5k from September to August 2019 compared to the previous year. However there are now no significant relocation costs which accounted for over £18k in 17/18, so expenses have in total risen.

Income has been boosted by Christmas cards almost doubling, and other fund raising income being up by £1000. Fund raising income was up in total by £800 compared to the previous year which is a feat in itself, well done everyone!! Fees are down from the previous year by £4K, but funding is up around £15k. The lunch bunch push has seen an extra £1k compared to the year before.

In terms of expenses, Admin costs are down by over £1k, but we have spent more in advertising (the radio advert I believe) to allow for the Haddenham places to be filled and to further push Chearsely. Another area of savings is cleaning products and services which is down by £700. Whilst we achieved a higher income fundraising wise, we also did spend approximately £800 more than the previous year to get there. Payroll and pension has more than doubled compared to the previous year.

Unfortunately the loss in numbers at Haddenham could put pressure on the accounts. Anne and Naomi have calculated that a weekly average over the year of 322 sessions would be needed to break even. We hope that the radio advertisement can put bums on seats, but we should think about other ways to push the wonderful preschool.

Chearsley and Haddenham Under Fives (CHUF)

Income and Expenditure Account

Income Bank interest received Donations Fundraising Activities Bucks CC Funding Fees Furlough Grant 2020 Total Income Expenses Administrative Costs Bank charges Cleaning Products & services Donations made EY Log licence fee Professional Services Fundraising Expenses Insurances Advertising/Promotional Total Expenditures Operating costs Play Equipment Play Materials Refreshments Total Operating costs Rent Total Rent Salaries Gifts and parties for staff Staff Training Total Salaries Total Expenses Net Operating Income Net Income Balance Sheet Current Assets Debtors Bank current account Lloyds Bank fundraising account Lloyds Bank Deposit account Lloyds Petty Cash Current Liabilities Trade Creditors Deferred Income Net Current Assets Financed by Surplus B/F(1) Surplus /Loss for the year	31st August 2020 31st August 2019
	39.24 38.58 20.00 1,000.00 3,140.31 4,804.47 107,454.15 131,981.30 40,605.00 43,791.53 14,182.11
	£ 165,440.81 £ 181,615.88 3,235.35 5,103.49 144.02 143.15 1,372.95 2,018.26 25.00 40.00 705.60 779.60 11,446.21 8,032.93 619.19 1,163.70 1,510.17 1,482.59 2,167.80 226.19
	£ 21,226.29 £ 18,989.91 1,122.63 2,698.90 1,491.12 3,873.58 268.62 214.27
	£ 2,882.37 £ 6,786.75 6,610.50 8,259.00
	£ 6,610.50 £ 8,259.00 139,320.67 138,029.63 1,895.51 2,127.46 840.71 1,182.36
	£ 142,056.89 £ 141,339.45
	£ 172,776.05 £ 175,375.11
	-£ 7,335.24 £ 6,240.77
	-£ 7,335.24 £ 6,240.77 290 30,759.68 35,457.14 77,206.05 5,324.01 5,820.42 77,167.92 37.30 408.65
	£114,113.45 £118,357.72 1,644.50 -2,969.72 16,326.05 -319
	£17,970.55 -£3,288.72
	£96,142.90 £115,069.00
	103,478.14 108,828.23 -7,335.24 6,240.77
	£96,142.90 £115,069.00

1.Vouchers received in advance for 2020 have been removed from the surplus brought forward. (£11,509.86). Vouchers received in advance for 2021 are shown in Deferred Income and not income.

R F SUMMERS

Co

Chartered Certified Accountants Business Advisors Tax Consultants

42A Upper High Street Thame Oxfordshire OX9 2DW Phone [phone] Fax [phone] [e-mail]

Chearsley and Haddenham Under Fives

Independent Examiners Report to the trustees for an Independent Examination of the Accounts for year ended 31[st] August 2020.

Based on our work and examination of your Accounts for the year ended 31[st] August 2020, nothing has come to our attention to refute the trustees’ confirmation that the Accounts give a true and fair view of the state of affairs as at 31[st] August 2020 and of its profit for the year then ended.

Reviewed and Examined by R F Summers, FCCA on 16[th] February 2021.

Regulated for a range of investment business activities and in the conduct of accounting and consultancy work by the Association of Chartered Certified Accountants

R F Summers BSc FCCA FCMA FIMC FCMC