Treasurer Report - Kilnsea Pre-School 24-25
The Financial report covers the accounts from September 2024 to August 2025.
Overview:
Kilnsea Pre-School holds three bank accounts, all with Barclays. Our bank balances as of 31[st] August 2025 were:
Business Account £15,491.54 (compared with £15,271.68 at the end of Aug ‘24) Community Account £78,586.94 (compared with £68,496.85 at the end of August ’24) Fundraising Account £5,303.50 .
The summary of accounts shows payments of £144,189.26 , an increase of £21,770.23 and receipts of £159,842.52 an increase of £8,220.42.
Differences:
Receipts: -
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Early Years’ Funding received from Wokingham Borough Council for eligible 3- and 4-year-olds went up £26,300.07 (30%) 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 also went up (by £4,009.62 – 18%). This will have been affected by the introduction of funded hours for working parents and more 2-year-olds on register being eligible for funding.
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Fees paid (for any non-funded children or funded children attending extra hours) reduced by a massive £18,837.01 (63%) compared to last year. Again, this is likely affected by the changes in funding availability for 2-year-olds (funding bringing in less per hour than fees).
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Income from admin fees was very similar to 23-24 .
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Very few payments eligible for gift aid were made this year.
Payments: -
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Salaries have increased by £19,418.14 (19%). This is largely due to increases to the minimum wage.
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Rent has increased by £1,122.58 (7.7%).
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Expenses on consumables has increased by 35%. This is due to increased food and materials costs.
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IT costs were high last year due to purchasing new tablets. This year we saved on that but paid for 3 years of web hosting.
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The increased funds from 2023-24 enabled regular bonuses to be given to the staff and vouchers to some volunteers as a thank you for their continued hard work.
Possible challenges in 25-26
Increase in minimum wage: This year NLW increased to £12.21 (from £11.44) and increased to £12.71 in April 2026. This will affect our working fund due to an 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.
This year, we underspent by £15,653.26 - the third year running that we’ve had a large underspend which is a fantastic achievement, and puts us in a strong financial position. This year’s underspend was much lower than previously and the drop is likely to represent changes in the economy – this indicates that finances will need to be monitored carefully in 2025-26.
Jennifer Scott - Kilnsea Bookkeeper and Treasurer
Kilnsea Pre-School
Annual Income Statement for the year ending 31-Aug-2025
| Activity Note 2024-25 Income Nursery Funding 115,243.70 Fees 11,084.11 2yr Old Funding 26,183.93 WBC Extra Funding 241.24 Admin Fees 460.00 Consumables 3,902.69 Interest Received 240.11 Gift Aid 93.75 Other Income - 157,449.53 Fund Raising Fundraising Income 2,344.59 Merchandise Sales - Donations 48.40 2,392.99 |
Activity Note 2024-25 Income Nursery Funding 115,243.70 Fees 11,084.11 2yr Old Funding 26,183.93 WBC Extra Funding 241.24 Admin Fees 460.00 Consumables 3,902.69 Interest Received 240.11 Gift Aid 93.75 Other Income - 157,449.53 Fund Raising Fundraising Income 2,344.59 Merchandise Sales - Donations 48.40 2,392.99 |
2023-24 Variance £ Variance % 88,943.63 26,300.07 29.57% 29,921.12 (18,837.01) (62.96%) 22,174.31 4,009.62 18.08% 1,120.26 (879.02) (78.47%) 440.00 20.00 4.55% 3,473.14 429.55 12.37% 156.31 83.80 53.61% 1,986.38 (1,892.63) (95.28%) - - - 148,215.15 9,234.38 6.23% 3,102.12 (757.53) (24.42%) 5.00 (5.00) (100.00%) 299.83 (251.43) (83.86%) 3,406.95 (1,013.96) (29.76%) |
|---|---|---|
| Total Income | 159,842.52 | 151,622.10 8,220.42 5.42% |
| Regular Expenditure Salaries Rent Consumables Exp Insurance Equipment Fundraising Costs Merchandise Costs Training Courses Mobile Phone Cleaning Costs IT Costs DBS Staff Costs - End of Term Vouchers Other Expenditure Irregular Expenditure Extension |
120,806.40 15,713.19 2,320.85 1,301.77 883.80 227.07 - 367.69 260.83 283.45 515.27 65.36 1,283.67 159.91 144,189.26 - - |
101,388.26 19,418.14 19.15% 14,590.61 1,122.58 7.69% 1,714.49 606.36 35.37% 1,252.08 49.69 3.97% 111.89 771.91 689.88% 196.01 31.06 15.85% - - - 144.00 223.69 155.34% 295.55 (34.72) (11.75%) 135.52 147.93 109.16% 1,500.31 (985.04) (65.66%) 52.63 12.73 24.19% 429.49 854.18 198.88% 608.19 (448.28) (73.71%) 122,419.03 21,770.23 17.78% - - - - - - |
| Total Expenditure | 144,189.26 | 122,419.03 21,770.23 17.78% |
| Net Surplus or(Deficit) | 15,653.26 | 29,203.07 (13,549.81) (46.40%) |
Independent examiner'5 report to the trustees of Kllnsea Pre-school 295940 I report to the trustees on my examination of the accounts of Kilnsea Pre-school for the year ended 31 August 2025. Responsibllltles and basis of report As the charity trustee5 of Klln5ea Pre-school you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 2011 {'the Act'}. 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 all the applicable Direttions given by the Charity Commission under section 14515llbl of the Art. Independent examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that In any material respect- accountin8 records were not kept in accordance with section 130 of the Act: or the accounts do not accord with the accounting records. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understandln8 of the accounts to be reached. Signed: Name: s4J&¥ SA*oJ Date.. 3. Relevant professional qualification or membership of professional bodies lif any):