Financial year 2022/23

1. Did you have an underspend in the early years block for funded places at the end of 2022/23?
Yes.

If yes, please give amount of underspend.
£181,582.00

2. Did you have an overspend in the early years block for funded places at the end of 2022/23?
No.

If yes please give amount of overspend.
Not applicable.

3. What actions, if any, were agreed relating to this underspend or overspend?
We have re-distributed the entire underspent amount to our Early Years suppliers, proportionately as per their totals annual entitlement hours.

4. Has your early years block been subject to an in-year adjustment by the Department for Education? If so, was this a positive or negative adjustment and how much was it?
Yes; additional funding of £365,152.00.

5. Does your answer to Q1 or 2 above factor in this adjustment?
Yes; a £181,582.00 underspend was recorded after a £365,152.00 adjustment.

6. Has your 2022/23 early years block been subject to an adjustment by the Department for Education since 1 April 2023 and now? If so, was this a positive or negative adjustment and how much was it?
Yes; the Department of Education adjusted our early years block by (-)£6,418.00 after 01 April 2023.

7. Does your answer to Q1 or 2 above include any adjustment?
Yes.

8. Under the pass-through regulations, what percentage of your budget for funded three and four-year-olds did you pass through to providers in 2022/23?
Our pass through rate for 2022/23 was 95%.