Treasurer’s Report AGM 25[th] February 2026
Lindley Pre-school CIO
– Financial Year 1[st] September 2024 31[st] August 2025
The accounts for the year have been independently audited by an Accountant, and all figures below relate to the figures submitted in the final accounts for the year which have been emailed to all committee members before the AGM.
INCOME
Total income for the year was £330,177.
The main source of income came from NEF funding which was £251,356 for the year (an increase of £35,500 from 2023/24). The main reason for the rise in NEF is due to more families accessing the 30 hours working families funding.
Income with regards to fees was £44,904 (£4,982 less than in 2023/24). More families have been accessing funding so fees are reduced. Most families are now paying a consumable contribution.
SEN income of £23,765 was received (a decrease of £15,792 from 2023/24).
EXPENDITURE
Total expenditure for the year was £303,334.
The main item of expenditure for the year was with regards to wages (£228,245) and increase of £3,620 from 2023/24.
Our rent for the year was £31,641 (an increase of £1,092 from 2023/24).
Resources - £16,712 – many new resources purchased for the new baby room opening in 2025/26.
Trips and Entertainment - £2,132 – We paid for every preschool child to visit Swithens Farm in July. We funded family events during the year such as Mother’s Day / Father’s Day, Christmas Party and Graduation ceremony.
Staff Wellbeing - £3,211 – Made up of Christmas and year end meal and flowers and gifts to mark special events.
Repairs and Maintenance – £2,800 towards work done on new baby room (carpets and decorating)
Other items of expenditure have been largely the same as in previous years.
SUMMARY
Lindley Pre-school CIO has had another healthy year financially. We closed the year with a balance of £183,998 in the bank accounts taking into account accruals and creditors.
Due to the nature of our business and the uncertainty surrounding occupancy we need to have healthy reserves to be able to avoid redundancies for our permanent staff where we might have a drop in numbers, hence drop-in fees and funding for a length of time. We ideally need to keep a term’s running costs in reserve, and based on last year’s figures, a term’s running costs would be about £110,000. Based on our reserves policy and funds available we therefore need to consider using the extra funds to further our charity’s objectives.
The following proposals could be considered:-
Opening to Younger children (9 months) – We will not be running at a surplus for our youngest children yet so some of the surplus is offsetting this loss.
Upstairs work – We would need to look into budgeting for changes to the kitchen area.
Staff Training – Discuss with manager.
Finance software – Our Treasurer/Business Support Officer has historically used a number of different excel spreadsheets to monitor finances, wages, raise invoices and all have been set up from scratch – the length of time needed to do this increases each year. We could look at purchasing a financial package specifically tailored for an Early Years setting that could then be used by other members of the charity once Karen retires.
Staffing – We
Fee and consumable charge changes from September 2026 - We are awaiting the Kirklees funding rates
Staff sickness pay – We could give an additional benefit to staff based on years of service on top of SSP.
Company Number:
CE020832
LINDLEY PRESCHOOL CIO
ACCOUNTS
YEAR ENDED 31 AUGUST 2025
LINDLEY PRESCHOOL CIO
| Information | |
|---|---|
| Trustees | Erica Wood (Chair) |
| Karen Marsden (Treasurer) | |
| Sally Blake | |
| Katharine Johnson | |
| Loren Rayner | |
| Charity number | 1188143 |
| Company number | CE020832 |
| Business Address | Lindley Methodist Church Centre |
| East Street | |
| Lindley | |
| Huddersfield | |
| HD3 3ND | |
| Accountant | Hodgson Hey Limited |
| Heritage Exchange | |
| South Lane | |
| Elland | |
| HX5 0HG | |
| Bankers | HSBC Bank PLC |
| 2 Cloth Hall Street | |
| Huddersfield | |
| HD1 2ES |
LINDLEY PRESCHOOL CIO
Contents
| Page | |
|---|---|
| Independent Examiner's Report to the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Bank Reconciliation | 4 |
| Notes | 5 |
LINDLEY PRESCHOOL CIO
Independent Examiner's Report to the Trustees
We are reporting on the accounts of the charity for the year ended 31 August 2025, which are set out on pages 2, 3 and 4.
Respective Responsibilities of the Trustees and the Independent Examiner
As trustees' of the charity you are responsible for the preparation of the accounts; you consider that the audit requirement section 145 Charities Act 2011 (the act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 145 (5)(b) of the Act, whether particular matters have come to our attention during the course of the work undertaken.
Basis of Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention:
-
which gives us reasonable cause to believe that in any material respect the requirements;
-
to keep accounting records in accordance with section 130 of the Act and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
-
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Hodgson Hey Limited Chartered Certified Accountants Heritage Exchange South Lane Elland HX5 0HG
Date………………………………………………
Page 1
LINDLEY PRESCHOOL CIO
Statement of Financial Activities For the Year Ended 31 August 2025
| Income Fundraising Fees Grants - Apprenticeship Grants - NEF Grants - SEN Grants - other Bank Interest Donations Expenditure Wages and Salaries Admin costs Rent Payable Printing, Postage, Stationery Resources Website Costs Trips and Entertainment Domestic Supplies Snack and Refreshments Staff Wellbeing and Gifts Training Licences, Memberships and Insurance Accountancy Professional fees Bank charges Repairs and maintenance Sundry Expenses Surplus for the Year |
£ £ 352 44,904 - 251,356 23,765 7,550 2,250 - 330,177 228,245 7,875 31,641 508 16,712 504 2,132 2,093 2,884 3,211 1,105 2,689 510 361 64 2,800 - 303,334 26,843 2025 |
£ £ 681 49,886 1,500 215,856 39,555 - 2,398 - 309,876 224,625 7,344 30,549 848 8,757 504 1,974 2,939 2,741 2,431 1,050 2,291 480 349 28 2,770 - 289,680 20,196 2024 |
|---|---|---|
We approve these accounts and confirm that we have made available all relevant records and information for their preparation
Signed on Behalf of Committee Members ...............................................................
Date ..........................................................
Page 2
LINDLEY PRESCHOOL CIO
Balance Sheet as at 31 August 2025
| Fixed Assets Equipment Current Assets Prepayments and accrued income Cash at Bank Cash in Hand Current Liabilities Creditors: Wages HMRC Accruals Accountancy Resources Decorating Website Fees refunded in September Fees and deposits paid in advance Net Current Assets Total Assets Capital Account Balance B/fwd Surplus for the Year |
£ £ - - 183,998 - 183,998 (10,594) (835) (450) (5,000) (2,800) (504) - (849) (21,032) 162,966 162,966 136,123 26,843 162,966 2025 |
£ £ - - 153,666 - 153,666 (10,530) (3,663) (450) (2,000) - - (900) - (17,543) 136,123 136,123 115,927 20,196 136,123 2024 |
|---|---|---|
We approve these accounts and confirm that we have made available all relevant records and information for their preparation
Signed on Behalf of Committee Members ...............................................................
Date ..........................................................
Page 3
LINDLEY PRESCHOOL CIO
Bank Reconciliation as at 31 August 2025
| Opening Balace per Accounts 1 September 2024 Total Income For Year Total Expenses For Year Closing Balance per Cash Book 31 August 2025 Lindley Preschool CIO bank accounts as at 31 August 2025 Pre-school BMM Account Pre-school Business Account |
£ 153,666 333,418 (303,086) 183,998 £ 125,739 58,259 183,998 |
|---|---|
Page 4
LINDLEY PRESCHOOL CIO
Notes To The Financial Statements For the Year Ended 31 August 2025
Recommendation
We have prepared the year end accounts for Lindley Preschool CIO using the spreadsheets and documents available. We found the information contained within them to be good with the appropriate details provided in order to find the relevant invoice, cheque stub or paying-in voucher.
We have no major concerns about the accounting procedures. However as a matter of good governance we would recommend a regular review of the systems and controls in place regarding the accounting and bookkeeping.
Notes to the Accounts
We have provided comparative figures in the accounts for your information so that an appropriate analytical review can be done at the meeting.
Page 5
Company Number:
CE020832
LINDLEY PRESCHOOL CIO
ACCOUNTS
YEAR ENDED 31 AUGUST 2025
LINDLEY PRESCHOOL CIO
| Information | |
|---|---|
| Trustees | Erica Wood (Chair) |
| Karen Marsden (Treasurer) | |
| Sally Blake | |
| Katharine Johnson | |
| Loren Rayner | |
| Charity number | 1188143 |
| Company number | CE020832 |
| Business Address | Lindley Methodist Church Centre |
| East Street | |
| Lindley | |
| Huddersfield | |
| HD3 3ND | |
| Accountant | Hodgson Hey Limited |
| Heritage Exchange | |
| South Lane | |
| Elland | |
| HX5 0HG | |
| Bankers | HSBC Bank PLC |
| 2 Cloth Hall Street | |
| Huddersfield | |
| HD1 2ES |
LINDLEY PRESCHOOL CIO
Contents
| Page | |
|---|---|
| Independent Examiner's Report to the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Bank Reconciliation | 4 |
| Notes | 5 |
LINDLEY PRESCHOOL CIO
Independent Examiner's Report to the Trustees
We are reporting on the accounts of the charity for the year ended 31 August 2025, which are set out on pages 2, 3 and 4.
Respective Responsibilities of the Trustees and the Independent Examiner
As trustees' of the charity you are responsible for the preparation of the accounts; you consider that the audit requirement section 145 Charities Act 2011 (the act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 145 (5)(b) of the Act, whether particular matters have come to our attention during the course of the work undertaken.
Basis of Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention:
-
which gives us reasonable cause to believe that in any material respect the requirements;
-
to keep accounting records in accordance with section 130 of the Act and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
-
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Hodgson Hey Limited Chartered Certified Accountants Heritage Exchange South Lane Elland HX5 0HG
Date………………………………………………
Page 1
LINDLEY PRESCHOOL CIO
Statement of Financial Activities For the Year Ended 31 August 2025
| Income Fundraising Fees Grants - Apprenticeship Grants - NEF Grants - SEN Grants - other Bank Interest Donations Expenditure Wages and Salaries Admin costs Rent Payable Printing, Postage, Stationery Resources Website Costs Trips and Entertainment Domestic Supplies Snack and Refreshments Staff Wellbeing and Gifts Training Licences, Memberships and Insurance Accountancy Professional fees Bank charges Repairs and maintenance Sundry Expenses Surplus for the Year |
£ £ 352 44,904 - 251,356 23,765 7,550 2,250 - 330,177 228,245 7,875 31,641 508 16,712 504 2,132 2,093 2,884 3,211 1,105 2,689 510 361 64 2,800 - 303,334 26,843 2025 |
£ £ 681 49,886 1,500 215,856 39,555 - 2,398 - 309,876 224,625 7,344 30,549 848 8,757 504 1,974 2,939 2,741 2,431 1,050 2,291 480 349 28 2,770 - 289,680 20,196 2024 |
|---|---|---|
We approve these accounts and confirm that we have made available all relevant records and information for their preparation
Signed on Behalf of Committee Members ...............................................................
Date ..........................................................
Page 2
LINDLEY PRESCHOOL CIO
Balance Sheet as at 31 August 2025
| Fixed Assets Equipment Current Assets Prepayments and accrued income Cash at Bank Cash in Hand Current Liabilities Creditors: Wages HMRC Accruals Accountancy Resources Decorating Website Fees refunded in September Fees and deposits paid in advance Net Current Assets Total Assets Capital Account Balance B/fwd Surplus for the Year |
£ £ - - 183,998 - 183,998 (10,594) (835) (450) (5,000) (2,800) (504) - (849) (21,032) 162,966 162,966 136,123 26,843 162,966 2025 |
£ £ - - 153,666 - 153,666 (10,530) (3,663) (450) (2,000) - - (900) - (17,543) 136,123 136,123 115,927 20,196 136,123 2024 |
|---|---|---|
We approve these accounts and confirm that we have made available all relevant records and information for their preparation
Signed on Behalf of Committee Members ...............................................................
Date ..........................................................
Page 3
LINDLEY PRESCHOOL CIO
Bank Reconciliation as at 31 August 2025
| Opening Balace per Accounts 1 September 2024 Total Income For Year Total Expenses For Year Closing Balance per Cash Book 31 August 2025 Lindley Preschool CIO bank accounts as at 31 August 2025 Pre-school BMM Account Pre-school Business Account |
£ 153,666 333,418 (303,086) 183,998 £ 125,739 58,259 183,998 |
|---|---|
Page 4
LINDLEY PRESCHOOL CIO
Notes To The Financial Statements For the Year Ended 31 August 2025
Recommendation
We have prepared the year end accounts for Lindley Preschool CIO using the spreadsheets and documents available. We found the information contained within them to be good with the appropriate details provided in order to find the relevant invoice, cheque stub or paying-in voucher.
We have no major concerns about the accounting procedures. However as a matter of good governance we would recommend a regular review of the systems and controls in place regarding the accounting and bookkeeping.
Notes to the Accounts
We have provided comparative figures in the accounts for your information so that an appropriate analytical review can be done at the meeting.
Page 5