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2025-08-31-accounts

Treasurers Report (Joanna Slater)

an external audit, but the draft outcome for the year is expected to be a net surplus of approximately £22k (vs. net surplus prior year of £4k).

Some variance in the surplus, year on year, is expected. This is usually due to the timing in which funding is received from Surrey County Council ("SCC") and the varying age of the children in each year group. Notwithstanding this, a £22k surplus is unusually high, and seems to have been driven by 2 things:

  1. Receipts from SCC in 24/25 were very strong. SCC sets the funding amounts for childcare each year in March, and the summer term 2025 settlement showed a notable increase in funding for the nursery.

  2. Certain expenses that existed in previous years have not been needed in 24/25, such as the professional costs of incorporation

It's also worth noting that the increase to employers' national insurance has not impacted our nursery as greatly as it as other employers, as the increased employment allowance has meant the NICs bill is unchanged for a nursery our size.

In April 2025 the National minimum wage increased by 6.7% to £12.21 per hour. At the same time, the nursery increased wages (on average) by 5.5% to ensure we remained competitive within the sector and retained staU. The trustees felt it was appropriate and necessary at this time to review parent fees and as such increased our hourly rate by 5.9%, meaning paid hours are charged at £9 an hour from the new term.

Fundraising

Fundraising totalled £4,030 in 24/25, which is an amazing achievement. Well done to all involved with a special thanks to Verity and her crack team! Particular highlights:

With the balance relating to second hand uniform sales, Gingerbread men & women and Easy Fundraising.

Thank you to everyone who contributed to or took part in these events and particularly to Verity and team for organising them.

Whilst the Fundraising income may appear small compared to funding from SCC and parent fees, once our basic overheads (staU costs, rent, bills etc.) are netted oU, the nursery's budget for educational resources, and contingency is relatively small, at around 1% of income. This year, annual fundraising quadrupled this, funding various educational resources and the chickens to further enrich our children’s nursery experience.

fundraising eUorts.

the help and support oUered by Sophie Archer-Hurst, who brilliantly held the role until March 2025. I've inherited an excellent set of books and I'm very impressed with Sophie's legacy!

Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 No
1206045		 No
1206045		 No
1206045		 CC16a
For the period
from		 Period start date
01-Sep-24		 To Period end date
31-Aug-25
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £		 Prior year
(unincoproated
trade)
to the nearest £

Fees - SurreyCountyCouncil		 118,386 - 118,386 - 70,702
Fees - Parents and carers 36,384 - 36,384 - 47,707
Fees - Forest School 240 - 240 - 2,449
Fundraising 4,030 - 4,030 - 5,535
Sale of Uniforms 466 - 466 - 196
Donations 1,130 - 1,130 - 2,651
Other income 932 - 932 - 1,992
Grants and Vouchers - - - 45
Interest income 566 566 - -
Sub total(Gross income for AR) 162,134 - 162,134 - 131,277
Total receipts
A2 Payments
131,277

Staff Salaries		 102,338 92,439
Employers NI and Eees NI/PAYE 13,991 11,330
Pension 5,657 4,890
TrainingCosts 1,499 1,273
Rent 5,059 5,165
Stationery 570 333
Staff Uniforms 1,158 145
Insurance 1,159 1,338
Recruitment/Advertising - -
ECERS equipment spend/Educational
Resources		 2,733 2,853
Provisions 1,006 466
Other Bills/Fees 132 798
Telephone 1,138 1,617
Bank charges 55 74
Maintenance/Premises - 566
Chickens 91 1,095
FundraisingExpenses 992 1,249
Miscellaneous Expenses 2,287 1,465
Expenditure for Restricted Grants - -
Sub total 139,865 127,096
Total payments
Net of receipts/(payments)
A3 Transfers between funds
A4 Cash funds last year end
Cash funds this year end
127,096
22,269 4,180
-
-
22,269 4,180

11/05/2026

CCXX R1 accounts (SS)

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds		 (agree balances with receipts and payments account(s))
HSBC bank (closed after year end)
Details
Current account
Savings account
Cash in hand
Total cash funds
Signature		 Unrestricted
funds
Endowment
funds
to nearest £
to nearest £
23,243
-
85,566
-
253
-
1,706
110,768
-
110768.1
Print Name
Joanna Slater		 Prior year
(unincoproated
trade)
to nearest £
-
-
194
88,027
88,221
Date of approval
Joanna Slater 11 May 2026

I have reviewed the accounts for St Michael’s Community Nursery for the financial year ending 31 August 2025. In my opinion the accounts give a true and fair view of the income and expenditure of the Nursery for the year end and the assets held at the balance sheet date.

Chris Budleigh - hon auditor

Signature Date of approval
11 May2026

11/05/2026

CCXX R2 accounts (SS)

2

Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 Charity Name
ST MICHAEL'S COMMUNITY NURSERY		 No
1206045		 No
1206045		 No
1206045		 CC16a
For the period
from		 Period start date
01-Sep-24		 To Period end date
31-Aug-25
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £		 Prior year
(unincoproated
trade)
to the nearest £

Fees - SurreyCountyCouncil		 118,386 - 118,386 - 70,702
Fees - Parents and carers 36,384 - 36,384 - 47,707
Fees - Forest School 240 - 240 - 2,449
Fundraising 4,030 - 4,030 - 5,535
Sale of Uniforms 466 - 466 - 196
Donations 1,130 - 1,130 - 2,651
Other income 932 - 932 - 1,992
Grants and Vouchers - - - 45
Interest income 566 566 - -
Sub total(Gross income for AR) 162,134 - 162,134 - 131,277
Total receipts
A2 Payments
131,277

Staff Salaries		 102,338 92,439
Employers NI and Eees NI/PAYE 13,991 11,330
Pension 5,657 4,890
TrainingCosts 1,499 1,273
Rent 5,059 5,165
Stationery 570 333
Staff Uniforms 1,158 145
Insurance 1,159 1,338
Recruitment/Advertising - -
ECERS equipment spend/Educational
Resources		 2,733 2,853
Provisions 1,006 466
Other Bills/Fees 132 798
Telephone 1,138 1,617
Bank charges 55 74
Maintenance/Premises - 566
Chickens 91 1,095
FundraisingExpenses 992 1,249
Miscellaneous Expenses 2,287 1,465
Expenditure for Restricted Grants - -
Sub total 139,865 127,096
Total payments
Net of receipts/(payments)
A3 Transfers between funds
A4 Cash funds last year end
Cash funds this year end
127,096
22,269 4,180
-
-
22,269 4,180

11/05/2026

CCXX R1 accounts (SS)

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds		 (agree balances with receipts and payments account(s))
HSBC bank (closed after year end)
Details
Current account
Savings account
Cash in hand
Total cash funds
Signature		 Unrestricted
funds
Endowment
funds
to nearest £
to nearest £
23,243
-
85,566
-
253
-
1,706
110,768
-
110768.1
Print Name
Joanna Slater		 Prior year
(unincoproated
trade)
to nearest £
-
-
194
88,027
88,221
Date of approval
Joanna Slater 11 May 2026

I have reviewed the accounts for St Michael’s Community Nursery for the financial year ending 31 August 2025. In my opinion the accounts give a true and fair view of the income and expenditure of the Nursery for the year end and the assets held at the balance sheet date.

Chris Budleigh - hon auditor

Signature Date of approval
11 May2026

11/05/2026

CCXX R2 accounts (SS)

2