Stanway Preschool Treasurers report 2023-2024 A total income for the period of 2023-2024 is £198,302. This is comprised of fee's, funding, SEN funding, clothing & book bag sales, milk, fundraising and interest received. This total is up £13,308 from 2022-2023. Whilst the funding received decreased by £1,188 the fees increased by £14,287. Fundraising was similar to last year at £1,482. Expenses for this period have totalled £187,609. These expenses consist of activities, book keeping & accounting, cleaning, clothing & bags, courses, DBS, EYPP resources, fundraising expenses, furniture, gifts, insurance, materials / supplies & equipment, increased rent payments, outings, pensions, photocopier, rent, repairs & maintenance, SEN resources, SEN 1 2 1, snacks, stationery & printing, subscriptions, sundry expenses, telephone, wages & salaries. During the 2023-24 period there was an increase of £17,276 in expenses compared to 2022- 2023 period. The main reason was the increase in the general cost of living and wag increases. We raised £1,482 in fundraising this year which was spent on resources and activities for the children. Profit for the period of 2023-2024 totalled £10,694 which is a decrease from last year of £3,968. This is due to the extra expenses due to cost of living increase. The total bank account balance is £87,604.08 The reserve account is £17,642.26. The fundraising account and cash in hand is £601.53. The petty cash total is £72.08. In summary the preschool, currently remains financially stable, meaning that staff and children continue to have stability in their employment and childcare places. We aim to use the funds we have to continue to improve the setting and resources for the children and the working environment and financial prospects for the staff. The new extension is nearing completion, which will provide us with a room for up to 16 2 to 3 year olds. Not only will this create much needed spaces for 2-3 year olds in the community but also provide us with an increased annual profit. We are confident that, with the profit we made this year, the new extension and increased funding rates, we will be able to meet any financial demands that may occur in the future. ## Stanway Preschool ## Unaudited Accounts for the period ended 22 March 2024 ## Stanway Preschool ## Unaudited Accounts ## Period ended 22 March 2024 |CONTENTS|PAGE| |---|---| |Proprietor and Professional Advisers|1| |Proprietor’s Approval Statement|2| |Accountant’s Report|3| |Proft and Loss Account|4| |Notes to the Accounts|5 - 8| ## Stanway Preschool Proprietor and Professional Advisers Period ended 22 March 2024 Proprietor Hollie Thurston, Treasurer Business name Business address Stanway Preschool Little Hands Children’s Centre Winstree Road, Stanway Colchester Essex CO3 0QG United Kingdom Accountant Colchester Accounting Unit 9, Bell House Farm Church Lane, Stanway Colchester CO3 8LS United Kingdom 1 ## Stanway Preschool ## Proprietor’s Approval Statement ## Period ended 22 March 2024 I approve the accounts which comprise the profit and loss account and related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Colchester Accounting with all the information and explanations necessary for their compilation. Hollie Thurston, Treasurer 2 ## Stanway Preschool Report to the proprietor on the preparation of the unaudited accounts of Stanway Preschool ## Period ended 22 March 2024 In accordance with your instructions, I have compiled the accounts on the following pages from the accounting records and from information and explanations supplied to me. I have not carried out an audit or any other review, and consequently I do not, therefore, express any opinion on the accounts. Colchester Accounting Unit 9, Bell House Farm Church Lane, Stanway Colchester CO3 8LS United Kingdom 3 ## Stanway Preschool ## ## Period ended 22 March 2024 |Note
**Turnover**
2
Cost of sales
2
**Gross proft**
**Expenditure**
2
Premises costs
Staff costs
Offce costs
Marketing
Legal and professional
Repairs and maintenance
General expenses
Finance charges
**Proft for the period**|Period from 1
Sep 2023 to
22 Mar 2024
£
127,406
96,719| |---|---| ||30,687
6,150
3,772
806
105
1,016
2,822
2,944
22| ||17,637| ||13,050| 4 ## Stanway Preschool ## Notes to the Accounts ## Period ended 22 March 2024 ## **1 Accounting policies** ## BASIS OF PREPARATION The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. ## TURNOVER The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax. ## **2 Profit and loss account analysis** ## TURNOVER |Fee Income
Grant Funding
Clothing & Book Bag Sales
Milk Sales
Fundraising Income
Other Grants & Subsidies
Discounts allowed
Other Income|Period from 1
Sep 2023 to
22 Mar 2024
£
31,696
91,564
12
164
947
2,598
(637)
1,062| |---|---| ||127,406| ## COST OF SALES ||Period from 1| |---|---| ||Sep 2023 to| ||22 Mar 2024| ||£| |Purchases|2,697| |Snacks Purchased|1,956| 5 ## Stanway Preschool ## Notes to the Accounts (continued) ## Period ended 22 March 2024 |Other Direct Costs
Wages and salaries
Online Resources
Fundraising Expenses
EXPENDITURE
**Premises costs**
Rent
**Staff costs**
Employers pensions
SEN Resources
**Offce costs**
Photocopying Costs
Telephone|3,481
87,445
624
516
96,719
Period from 1
Sep 2023 to
22 Mar 2024
£
6,150| |---|---| ||Period from 1
Sep 2023 to
22 Mar 2024
£
3,736
36| ||3,772| ||Period from 1
Sep 2023 to
22 Mar 2024
£
331
475| ||806| 6 ## Stanway Preschool ## Notes to the Accounts (continued) ## Period ended 22 March 2024 |**Marketing**
Website
**Legal and professional**
Payroll & Accountancy fees
**Repairs and maintenance**
Repairs and maintenance
**General expenses**
Training costs
General insurance
Cleaning|Period from 1
Sep 2023 to
22 Mar 2024
£
105| |---|---| ||Period from 1
Sep 2023 to
22 Mar 2024
£
1,016| ||Period from 1
Sep 2023 to
22 Mar 2024
£
2,822| ||Period from 1
Sep 2023 to
22 Mar 2024
£
920
119
1,905
2,944| 7 ## Stanway Preschool ## Notes to the Accounts (continued) ## Period ended 22 March 2024 |**Finance charges**
Bank charges
**3 Capital account**
At 1 September 2023
Net proft for the period
Capital Transferred to CIO
At 22 March 2024|Period from 1
Sep 2023 to
22 Mar 2024
£
22| |---|---| ||22 Mar 2024
£
83,037
13,050
(96,087)| ||-| 8 CHARITY COMMISSION: FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of ., Stanway Pre-school On accounts for the year 2210312024 ended Charity no (if any) 1030711 Set out on pages 1 to 11 ot I report to the trustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 2Z10312024 Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Acf). 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: I Date: 0510212025 Name: Paul Dundas Relevant professional qualification(s) or body (if any): MAAT Address: Unit 9 Bellhouse Farm. Church Lane, Stanway, Colchester C03 8LS IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. Assets, liabilities and capital account transferred to new CIO No. 1203673 on March 22 2024. IER October 2018