Annual report for Chari�es Commission 2023 – 2024
The Financial report covers the accounts from September 2023 to August 2024 and has been prepared by Jennifer Sco�, our Finance Officer.
Differences:
Receipts: -
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Early Years’ Funding received from Wokingham Borough Council for eligible 3- and 4- year-olds went up a huge 40% compared to last year. This is largely due to having more child-hours on the register.
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Early Years’ funding received from Wokingham Borough Council for eligible 2-year-olds was also up 27% . Again, this is due to a slight increase in funding, and a greater number of eligible child-hours on the register.
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Fees paid (for any non-funded children or funded children a�ending extra hours) reduced by 2.6% compared to last year.
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Income from admin fees reduced by nearly 50% last year (and admin fees being paid in advance) and a high propor�on of 2-year-olds con�nuing at Kilnsea (rather than moving to other se�ngs).
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Our gi� aid claims went up by 20% .
Payments: -
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Salaries have increased by 30% . This is due to increases to the minimum wage and an increase in the number of children, and therefore staff, in each session.
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Rent has increased by 8.3% .
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Expenses on consumables has increased considerably (85%). This is largely due to trialling various different printer ink schemes before finding the most suitable package and an increase in snack por�on size following a review. This is on top of having more children in the se�ng, and increased food and materials costs.
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The increased funds available allowed for the purchase of new tablet computers for recording the children’s learning journeys – much needed as the old ones were incredibly slow and out of date.
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you for their hard work during the financially challenging last few years.
Possible challenges in 24-25
Increase in minimum wage: This year NLW increased to £11.44 (from £10.42) and is expected to increase to £12.21 in April 2025. This will affect our working fund due to a significant increase in all salaries.
Garden redesign: We are currently in the process of designing a new garden area for the children. This will come at significant cost but is long overdue and will much improve the setting.
Overall, our income was £151,622.10 for the year and our expenditure was £122,419.03. Which means we underspent by £29,203.07 . This is a fantastic achievement and a large proportion of this underspend will be put toward the garden redesign. Congratulations and thanks to the Pre-school aunties, officers, committee and parents for their hard work making this happen.
Kilnsea Pre-School
Receipts and Payments for the year ending 31-Aug-2024
| Activity | Unrestricted Fund | Redundancy Fund | Redundancy Fund | Redundancy Fund | Total Funds |
|---|---|---|---|---|---|
| Receipts | |||||
| Nursery Funding | 88,943.63 | 88,943.63 | |||
| Fees | 29,921.12 | 29,921.12 | |||
| 2yr Old Funding | 22,174.31 | 22,174.31 | |||
| WBC Extra Funding | 1,120.26 | 1,120.26 | |||
| Admin Fees | 440.00 | 440.00 | |||
| Consumables | 3,473.14 | 3,473.14 | |||
| Interest Received | 156.31 | 156.31 | |||
| Gift Aid | 1,986.38 | 1,986.38 | |||
| Other Income | - | - | |||
| Fundraising Income | 3,102.12 | 3,102.12 | |||
| Merchandise Sales | 5.00 | 5.00 | |||
| Donations | 299.83 | 299.83 | |||
| Total Receipts | 151,622.10 | - | 151,622.10 | ||
| Payments | |||||
| Salaries | 101,388.26 | 101,388.26 | |||
| Rent | 14,590.61 | 14,590.61 | |||
| Consumables Exp | 1,714.49 | 1,714.49 | |||
| Insurance | 1,252.08 | 1,252.08 | |||
| Equipment | 111.89 | 111.89 | |||
| Fundraising Costs | 196.01 | 196.01 | |||
| Merchandise Costs | - | - | |||
| Training Courses | 144.00 | 144.00 | |||
| Mobile Phone | 295.55 | 295.55 | |||
| Cleaning Costs | 135.52 | 135.52 | |||
| IT Costs | 1,500.31 | 1,500.31 | |||
| DBS | 52.63 | 52.63 | |||
| Staff Costs - End of Term Vouchers | 429.49 | 429.49 | |||
| Other Expenditure | 608.19 | 608.19 | |||
| Total Payments | 122,419.03 | - | 122,419.03 | ||
| Net of receipts | 29,203.07 | - | 29,203.07 | ||
| Transfers between funds | (3,444.14) | 3,444.14 | - | ||
| Cash Funds at 31 August 2023 | 43,126.87 | 11,528.09 | 54,654.96 | ||
| Cash Funds at 31 August 2024 | 68,885.80 | 14,972.23 | 83,858.03 | ||
| Category | Unrestricted Fund | Redundancy Fund | Total Funds | ||
| Cash Funds | |||||
| Bank | |||||
| Bank (Current) | 68,496.85 | ||||
| Bank (Deposit) | 15,271.68 | ||||
| Petty Cash Balances | 89.50 | ||||
| Total Cash Funds | 83,858.03 | ||||
| Liabilities | |||||
| Other Accruals | (636.47) | ||||
| Total Liabilities | (636.47) |
Independent examlners report on the accounts- Kilnsea Playgroup 295940 I report to the trustees on my examination of the accounts of the above charity (-the Trusv) for the year ended 31 August 2024. Responslbllltles and basis of report As the charity trustees of the Trust. you are responsible for the preparation of the accounts in accordan with the requIrnents of the Charities kt 20111-the Act"). I report In respect of my examination of the Trusys accounts carried out under sectlon 145 of the 2011 Act and In carrying out my examination, I have follo*d the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent Examlners Ststement I have completed my examination. I confinn 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: accountin8 cordS were not kept in accordance with sect5on 130 of the Act or the accounts do not accord with the accountin8 records I have no Conrn5 and have come across no other matters in COnnecn with the examination to which attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. d& Natasha Davidson. ICAEW Member 2603457 27 June 2025