Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Blagdon Under Fives
Treasurer’s Report
with
Accounts
Year Ended - 31 August 2022
Charity No: 299312
Published: 18 October 2022
Page 1 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Summary
-
Total income for the year was £91k which is an increase of 38% on last year.
-
Expenditure also increased by 25%, to £75k.
-
There was a resulting surplus for the year of £15k.
Income Analysis
Funding, Fees and Child Numbers
-
North Somerset funding almost doubled from last year to £32k, reflecting the return to childcare for many families after the Covid-19 period. This was also demonstrated in the 55% increase in Pre-School fees, to £25k. The Other Council Support of £9k in the previous year related to top up funding provided by the local council to cover lost income due to Covid-19. This was not required in the current year as the setting was fully open and in receipt of normal funding.
-
Child numbers were strong throughout the year.
After School Club
- Fees from After School Club increased by £21k to £28k and now represent 32% of the total income. The increase is a result in high child numbers throughout the year, assisted by the closure of a local after school setting.
Fundraising and Donations
-
Fundraising income increased slightly to £1.4k as a result of some new fundraising activity.
-
The main fundraising contributions came from the following:
| ▪ | Wreath Making | £ 481 |
|---|---|---|
| ▪ | Advent Windows | £ 350 |
| ▪ | Christmas Fair | £ 283 |
Our thanks go to all who have contributed to fundraising activities and continued to support the Pre-School.
- Donations were in line with last year, although funds were received from different sources. Our gratitude goes to The Plume of Feathers, Rickford, with a contribution from the annual duck race, and the Mead family, who enabled the purchase of a new freezer to facilitate meal provision for the increased after school club attendance.
Other Income
- Other income in the prior year included the support from the Coronavirus Job Retention Scheme, which provided income to cover wages during periods of closure. There were also local council business grants to cover fixed costs during Covid-19 restriction periods. The only grant received in the current year was the final Covid restart grant of £1k, as the job retention scheme had ended and the setting was open for the whole year. Other income therefore decreased by 92% to £1.1k.
Published: 18 October 2022
Page 2 of 6 Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Expense Analysis
-
73% of the total expenditure relates to staff costs. The staffing cost increased by £4k as a result of wage increases.
-
The main increase in expenditure from the prior year was due to the purchase of furniture for the new premises that the Pre-School moved to within the school building. £9.8k was invested in furniture and resources to improve the setting. The expenditure was easily covered by the increase in income generated from the After School Club as well as generally buoyant child numbers.
Toddler Group
- The Toddler Group was back in operation at a new location after a long period of closure due to Covid restrictions. Attendance was promising at the beginning of the year, however the increasing trend towards nurseries and full-time childcare meant that the income generated was not sufficient to cover the hire costs of the hall and the insurance premium.
Published: 18 October 2022
Page 3 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Income Statement
| Income Pre-School Fees Nursery Funding Other Council Support Subtotal After School Club Fees After School Club Deposits Pre-School Deposits Toddler Fees Fundraising (net) Donations Other Income Interest Received Total Income Expenditure Staff Costs Rent (Pre-School) Rent (Toddlers) Pre-School Utilities/Cleaning Mobile Phone Consumables (Pre-School) Toys & Equipment Insurance/PLA Membership Ofsted Fees Advertising Staff Training: Course Costs Other Expenses Total Expenditure Net Surplus |
2022 2021 % Variance 25,018 16,185 55% 31,661 15,970 98% - 9,214 -100% |
|---|---|
| 56,679 41,369 37% |
|
| 28,742 7,408 288% 586 (215) 373% 1,268 1,637 -23% 355 - - 1,448 1,160 25% 698 704 -1% 1,135 13,813 -92% 9 2 350% |
|
| 90,920 65,878 38% |
|
| 55,968 52,042 8% 2,000 2,000 0% 720 - - 2,170 2,906 -25% 126 122 3% 2,379 1,079 120% 10,477 743 1,310% 977 959 2% 50 50 0% 35 - - 381 30 1,170% 187 438 -57% |
|
| 75,470 60,369 25% |
|
| 15,450 5,509 180% |
Published: 18 October 2022
Page 4 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Fundraising
| draising | |
|---|---|
| Item Wreath Making Advent Windows Christmas Fair easyfundraising.org.uk Concept Photography Personalised Craft Products Pre-School Christmas Party Charity Box Amazon Smile PayPal Giving Fund Book Sale Total |
2022 2021 £ £ 481 215 350 - 283 - 115 64 99 - 53 72 29 27 24 - 14 - - 750 - 32 |
| 1,448 1,160 |
Donations
| Plume of Feathers Duck Race T Mead Parent Donation Deposit Donations Baynard Trust P Crawfurd Total |
2022 2021 £ £ 383 - 200 - 60 - 55 104 - 500 - 100 |
|---|---|
| 698 704 |
Published: 18 October 2022
Page 5 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Toddler Group Summary
| Income Toddler Fees Total Income Costs Hire of Hall Insurance Total Costs Net (Deficit)/Surplus |
2022 2021 £ £ 355 - |
|---|---|
| 355 - |
|
| 720 - 187 183 |
|
| 907 183 |
|
| (552) (183) |
Bank and Cash Balance
| (d+e) | |||||||
|---|---|---|---|---|---|---|---|
| Total | |||||||
| 2022 | 2021 | ||||||
| (a) | (c) | d=(a+b+c) | (e) | Bank and | Bank and | ||
| Master | (b) Petty | Current | Total Cash | Deposit | Cash | Cash | |
| Cash box | Cash | Account | & Current | A&L | Balance | Balance | |
| Opening balance 1 September 2021 | 740 | 38 | 17,053 | 17,831 | 23,641 | 41,472 | 35,963 |
| Transfers | (933) | 683 | 250 | - | - | - | - |
| Net Surplus / (Deficit) | 1,482 | (704) | 14,663 | 15,441 | - | 15,441 |
5,507 |
| Interest Received | - | - |
- |
- | 9 |
9 | 2 |
| Closing Balance 31 August 2022 | 1,289 | 17 |
31,966 | 33,272 | 23,650 | 56,922 |
41,472 |
Published: 18 October 2022
Page 6 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Blagdon Under Fives
Treasurer’s Report
with
Accounts
Year Ended - 31 August 2022
Charity No: 299312
Published: 18 October 2022
Page 1 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Summary
-
Total income for the year was £91k which is an increase of 38% on last year.
-
Expenditure also increased by 25%, to £75k.
-
There was a resulting surplus for the year of £15k.
Income Analysis
Funding, Fees and Child Numbers
-
North Somerset funding almost doubled from last year to £32k, reflecting the return to childcare for many families after the Covid-19 period. This was also demonstrated in the 55% increase in Pre-School fees, to £25k. The Other Council Support of £9k in the previous year related to top up funding provided by the local council to cover lost income due to Covid-19. This was not required in the current year as the setting was fully open and in receipt of normal funding.
-
Child numbers were strong throughout the year.
After School Club
- Fees from After School Club increased by £21k to £28k and now represent 32% of the total income. The increase is a result in high child numbers throughout the year, assisted by the closure of a local after school setting.
Fundraising and Donations
-
Fundraising income increased slightly to £1.4k as a result of some new fundraising activity.
-
The main fundraising contributions came from the following:
| ▪ | Wreath Making | £ 481 |
|---|---|---|
| ▪ | Advent Windows | £ 350 |
| ▪ | Christmas Fair | £ 283 |
Our thanks go to all who have contributed to fundraising activities and continued to support the Pre-School.
- Donations were in line with last year, although funds were received from different sources. Our gratitude goes to The Plume of Feathers, Rickford, with a contribution from the annual duck race, and the Mead family, who enabled the purchase of a new freezer to facilitate meal provision for the increased after school club attendance.
Other Income
- Other income in the prior year included the support from the Coronavirus Job Retention Scheme, which provided income to cover wages during periods of closure. There were also local council business grants to cover fixed costs during Covid-19 restriction periods. The only grant received in the current year was the final Covid restart grant of £1k, as the job retention scheme had ended and the setting was open for the whole year. Other income therefore decreased by 92% to £1.1k.
Published: 18 October 2022
Page 2 of 6 Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Expense Analysis
-
73% of the total expenditure relates to staff costs. The staffing cost increased by £4k as a result of wage increases.
-
The main increase in expenditure from the prior year was due to the purchase of furniture for the new premises that the Pre-School moved to within the school building. £9.8k was invested in furniture and resources to improve the setting. The expenditure was easily covered by the increase in income generated from the After School Club as well as generally buoyant child numbers.
Toddler Group
- The Toddler Group was back in operation at a new location after a long period of closure due to Covid restrictions. Attendance was promising at the beginning of the year, however the increasing trend towards nurseries and full-time childcare meant that the income generated was not sufficient to cover the hire costs of the hall and the insurance premium.
Published: 18 October 2022
Page 3 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Income Statement
| Income Pre-School Fees Nursery Funding Other Council Support Subtotal After School Club Fees After School Club Deposits Pre-School Deposits Toddler Fees Fundraising (net) Donations Other Income Interest Received Total Income Expenditure Staff Costs Rent (Pre-School) Rent (Toddlers) Pre-School Utilities/Cleaning Mobile Phone Consumables (Pre-School) Toys & Equipment Insurance/PLA Membership Ofsted Fees Advertising Staff Training: Course Costs Other Expenses Total Expenditure Net Surplus |
2022 2021 % Variance 25,018 16,185 55% 31,661 15,970 98% - 9,214 -100% |
|---|---|
| 56,679 41,369 37% |
|
| 28,742 7,408 288% 586 (215) 373% 1,268 1,637 -23% 355 - - 1,448 1,160 25% 698 704 -1% 1,135 13,813 -92% 9 2 350% |
|
| 90,920 65,878 38% |
|
| 55,968 52,042 8% 2,000 2,000 0% 720 - - 2,170 2,906 -25% 126 122 3% 2,379 1,079 120% 10,477 743 1,310% 977 959 2% 50 50 0% 35 - - 381 30 1,170% 187 438 -57% |
|
| 75,470 60,369 25% |
|
| 15,450 5,509 180% |
Published: 18 October 2022
Page 4 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Fundraising
| draising | |
|---|---|
| Item Wreath Making Advent Windows Christmas Fair easyfundraising.org.uk Concept Photography Personalised Craft Products Pre-School Christmas Party Charity Box Amazon Smile PayPal Giving Fund Book Sale Total |
2022 2021 £ £ 481 215 350 - 283 - 115 64 99 - 53 72 29 27 24 - 14 - - 750 - 32 |
| 1,448 1,160 |
Donations
| Plume of Feathers Duck Race T Mead Parent Donation Deposit Donations Baynard Trust P Crawfurd Total |
2022 2021 £ £ 383 - 200 - 60 - 55 104 - 500 - 100 |
|---|---|
| 698 704 |
Published: 18 October 2022
Page 5 of 6
Prepared by: G Mills
Blagdon Under Fives - Charity No: 299312 Accounts Year Ending 31 August 2022
Toddler Group Summary
| Income Toddler Fees Total Income Costs Hire of Hall Insurance Total Costs Net (Deficit)/Surplus |
2022 2021 £ £ 355 - |
|---|---|
| 355 - |
|
| 720 - 187 183 |
|
| 907 183 |
|
| (552) (183) |
Bank and Cash Balance
| (d+e) | |||||||
|---|---|---|---|---|---|---|---|
| Total | |||||||
| 2022 | 2021 | ||||||
| (a) | (c) | d=(a+b+c) | (e) | Bank and | Bank and | ||
| Master | (b) Petty | Current | Total Cash | Deposit | Cash | Cash | |
| Cash box | Cash | Account | & Current | A&L | Balance | Balance | |
| Opening balance 1 September 2021 | 740 | 38 | 17,053 | 17,831 | 23,641 | 41,472 | 35,963 |
| Transfers | (933) | 683 | 250 | - | - | - | - |
| Net Surplus / (Deficit) | 1,482 | (704) | 14,663 | 15,441 | - | 15,441 |
5,507 |
| Interest Received | - | - |
- |
- | 9 |
9 | 2 |
| Closing Balance 31 August 2022 | 1,289 | 17 |
31,966 | 33,272 | 23,650 | 56,922 |
41,472 |
Published: 18 October 2022
Page 6 of 6
Prepared by: G Mills