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QUORN GRANGE NURSERY
REVIEW OF ACCOUNTS AS AT Aug 31, 2017
Accounts Review- Nursery
QUORN GRANGE DAY NURSERY
SUMMARY
Aug-17
YTD Aug 17
YTD July 17
Nursery
Nursery
Nursery
£
£
£
Net Profit/(loss)
7,682
(12,499)
(20,181)
Adjust for Expenses not budgeted:
Gift Aid GFTU
4,000
32,000
28,000
GFTU Salary Contribution
1,800
14,400
12,600
Trading Profit/(Loss)
13,482
33,901
20,532
Budgeted Profit/(loss)
4,319
17,961
13,642
The Nursery sales for
January through to Aug 17 in
comparison
to 2014-2017
can be summarised as
follows:
Turnover & Gross Profit
Nursery Fee income is continually improving in Aug 17. The total turnover for the Nursery £6.5k higher
than budget for Aug 17 and £10.9k year to date.
The Nursery recorded a Net Profit of £7,682 for Aug 17 and (£12.5k) loss YTD
The nursery results year to date are fairly consistent with the budget. Key points to note are as
follows:
Wages & Salaries
Wages & Salaries are 1k lower than budget for Aug 17 this is due to the payment received
back from Lucy Harvard who left and got paid in error.
GFTU Salary Contribution
Nursery has been charged £1,800 per month. There was no budget for this charge.
Software Subscription
. This is a monthly charge for New Nursery management system (£108
per month)
Donation
Nursery pays 4k to GFTU as a gift aid per month This charge was not taken into account in
budget calculation.
NURSERY SALES 2014-2017
January
February
March
April
May
June
July
Aug
2014
20,002
21,241
20,458
21,173
21,382
21,979
15,960
16,218
2015
21,255
22,944
22,346
22,193
21,277
33,354
27,332
22,365
2016
15,481
18,558
18,760
24,411
24,635
24,159
18,466
18,842
2017
20,624
20,621
20,618
22,900
25,463
25,395
26,235
29,815