## **Balance Sheet** 

## **Potterspury Pre-school As at 31 July 2021** 

|**Balance Sheet**<br>**Potterspury Pre-school**<br>**As at 31 July 2021**|**Balance Sheet**<br>**Potterspury Pre-school**<br>**As at 31 July 2021**|
|---|---|
|**31 JUL 2021**||
|**Fixed Assets**||
||**Tangible Assets**|
||Office Equipment<br>568.79|
||**Total Tangible Assets**<br>**568.79**|
|**Total Fixed Assets**<br>**568.79**<br>**Current Assets**||
||**Cash at bank and in hand**|
||Petty Cash Account<br>247.47|
||PPS Current Account<br>40,979.92|
||PS Fundraising Account<br>1,319.17|
||Soldo Card 71772058<br>431.37|
||**Total Cash at bank and in hand**<br>**42,977.93**|
||Accounts Receivable<br>(48.00)|
|**Total Current Assets**<br>**42,929.93**<br>**Creditors: amounts falling due withinone year**||
|Accounts Payable<br>479.24||
|Historical Adjustment<br>12,298.10||
|NIC Payable<br>10,291.35||
|PAYE Payable<br>(3,777.84)||
|Pensions Payable<br>1,518.97||
|Rounding<br>0.01||
|VAT<br>(7,242.18)||
|Wages Payable - Payroll<br>810.66||
|**Total Creditors: amounts falling due within one year**<br>**14,378.31**||
|**Net Current Assets (Liabilities)**<br>**28,551.62**||
|**Total Assets less Current Liabilities**<br>**29,120.41**<br>**Creditors: amounts falling due after more than one year**||
|Bad Debts<br>(137.50)||
|**Total Creditors: amounts falling due after more than one year**<br>**(137.50)**||
|**Net Assets**<br>**29,257.91**<br>**Capital and Reserves**||
|Current Year Earnings<br>9,898.66||
|Retained Earnings<br>19,359.25||
|**Total Capital and Reserves**<br>**29,257.91**||



Balance Sheet 

Potterspury Pre-school 



## **Profit and Loss** 

## **Potterspury Pre-school For the year ended 31 July 2021** 

|**Profit and Loss**<br>**Potterspury Pre-school**<br>**For the year ended 31 July 2021**||
|---|---|
||**2021**|
|**Turnover**||
|EYPP Funding|658.19|
|Fees|14,598.00|
|SEND-specific funding|6,091.78|
|Standard Funding & Grants|56,089.28|
|**Total Turnover**|**77,437.25**|
|**Cost of Sales**||
|Direct Expenses|2,251.33|
|**Total Cost of Sales**|**2,251.33**|
|**Gross Profit**|**75,185.92**|
|**Administrative Costs**||
|Advertising & Marketing|39.99|
|Bank Fees|50.39|
|Cleaning|699.40|
|Consulting|138.00|
|Employers National Insurance|282.31|
|Insurance|1,371.57|
|IT Software and Consumables|576.60|
|Light, Power, Heating|504.00|
|Pensions Costs|1,212.54|
|Postage, Freight & Courier|4.92|
|Printing & Stationery|191.18|
|Repairs & Maintenance|531.96|
|Resources & Equipment|792.82|
|Salaries|58,461.75|
|Staff Training|726.35|
|Subscriptions|225.40|
|Supermarket Shopping|235.76|
|Telephone & Internet|525.32|
|**Total Administrative Costs**|**66,570.26**|
|**Operating Profit**|**8,615.66**|
|**Other Income**||
|Fundraising & Donations|1,283.00|
|**Total Other Income**|**1,283.00**|
|**Profit on Ordinary Activities Before Taxation**|**9,898.66**|
|**Profit after Taxation**|**9,898.66**|



Profit and Loss Potterspury Pre-school 



## Report on financial year ending 31[st] July 2021 

- With a focus on reducing unnecessary costs, we have achieved an operating profit this year, which has allowed us to build on the recommended reserve of 3 months’ operational cost plus staff redundancy liabilities. This will continue to be monitored and ring-fenced going forward. 

- As part of their covid support package, the Local Authority guaranteed funding levels until the end of summer 2021, at what would have been expected pre-pandemic, which gave us some level of financial security. 

- EYPP funding has been received and continues being tracked an accounted for appropriately. 

- Fundraising income has been at a lower level this year, mainly due to the Covid-19 impact. 

- Much of the financial administrative work was moved from committee treasurer to Manager and Administrator after the 2021 AGM, with the Committee Treasurer role becoming more of an overseeing one, to ensure compliance and awareness. 

- The overall profitability of the Pre-school remains under close scrutiny going forwards by the Committee, Manager and Administrator.