## **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: - - 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. - 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. - 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). - Income from admin fees **was very similar to 23-24** . - Very few payments eligible for gift aid were made this year. ## Payments: - - Salaries have increased by **£19,418.14** (19%). This is largely due to increases to the minimum wage. - Rent has increased by **£1,122.58** (7.7%). - Expenses on consumables has increased by 35%. This is due to increased food and materials costs. - 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. - 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: s4￿J&¥ SA*oJ Date.. 3. Relevant professional qualification or membership of professional bodies lif any):