Trustees and Treasurers Report Financial Yr 2019/200 YEAR OF COVID-19
Wow What a year. This years report will be fairly sparce as we actually only opened from September until March 16[th] 2020.
This was due to the COVID-19 pandemic which enabled to open up with a limited capacity with limited staff for the first lockdown and then closed the setting down completely apart from the manager and administrator working from home from Mar 16[th] .
The centre followed all Government lockdown rules and South Glos procedures – children in the first lockdown were given places via priority guidelines given to us by the government, such as key worker families. As lockdown continued we gave places to as many children as we could that went through the priority list that we also raised, such as vunerable families, children starting school in the September and any families that deemed to be beneficial to be within our environment taking safety into consideration.
No families that attended the centre from March onwards were charged fees until the end of the academic year.
South Glos continued to pay funding for our registered children which enabled us to staff and accommodate those children that we needed. With this in mind we were supported by the council with rent and bills not having to be paid whilst the centre was not actually open over the 2[nd] lockdown. As a centre and agreed by the committee we decided to pay all our staff full pay and furloughed some staff through first lockdown whilst we were closed to minimise the impact of our staff families – many who are main income earners or dependant on their wages to live. This was decided as a good will gesture as most of the staff continued to work through first lockdown as keyworkers. This decision was well received and loyalty and respect has been clearly given to the centre and the current committee, so we felt the decision was the right thing to do.
We decided that with the money that we received for funding would be put back into the centre as much as possible by updating our ICT products and a new registration/finance package which was needed by staff to enable them to spend more time on caring for the children than using old equipment that didn’t work all the time.
We also spent money on updating large garden equipment to enable gross motor skills for the children, so our garden is now looking healthy, fun and the children who have come back to us in September are enjoying the equipment enormously.
We received one grant this yr, an inclusion grant for a pupil, this was used for spend of a one to one staff member to be with the child for the year.
Fundraising did not happen at all this year – all of our events that take place yearly for both fundraising and parent/child events were all cancelled due to COVID-19
Number of Children:
At the start of lockdown in March we had 54 children on the roll. 28 of these went to school in September.
Our total profit made for this year which made up for the huge loss of last year (-£14,350) is happily at a healthy £33,559 profit. This of course will be placed back in to the centre for 2020/21 for all our families who are currently applying to us and wanting secure places for September.
I would like to end this report by thanking in advance all the staff for their hard work this year and in supporting the committee.
Yours Sincerely
Vicky Morrison – Treasurer
- Winterbourne Early Years Centre Year End Accounts 2019/20
| Income Nursery Grant Fees Capital grants Revenue Grants Fundraising Petty Cash other Reserve acct interest Bonus Saver acct interest Expenditure Wages inc pension/payroll/bank charges DBS checks Training Lease Maintenance and repairs Rates and Telecom Stationery & office consumables Cleaning materials Petty Cash ICT purchases Web Payments Advertising Fundraising Room Resources Large Equip ie furniture/outdoor equip SEN Resources Insurance Memberships and Subscriptions Other Total Balance 31 August 2020 Opening Balances 1 Sept 2019 Current Account Reserve Account Bonus Saver Account Petty Cash Accrued expenditure Deferred income Accrued income Total |
01/09/2019 TO 31/08/2020 01/09/2018 TO 31/08/2019 183,449 99,816 112,810 13,206 7,287 0 40,215 2,500 1,250 627 154 0 0 219 32 39 13 16 345,210 116,423 129,739 91,618 97,941 368 199 968 1,726 19,617 13,445 1,084 405 4,041 4,137 671 885 403 403 556 368 1,595 1,466 246 293 67 127 120 33 1,444 1,589 0 1,062 0 693 1,324 1,350 1,058 977 5,520 256,837 130,700 88,373 Closing Balances 31 Aug 2 21,071 Current Account 20,926 Reserve Account 8,550 Bonus Saver Account 258 Petty Cash 0 Accrued expenditure 0 Accrued income 0 Deferred expenditure 50,805 |
|---|---|
Plus Profit 2019/20 88,373 2019/20 Balance Total 139,178
Total
note 1
(Cosy and Co
`
2020
54,876.62 0.16 0.07 457.73 0 0 (596) note 1 54,738
54,738 84,439 dispatch )n50rtiuml
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