Friends of Warmley Preschool
Warmley Community Centre 20 Deanery Road Kingswood Bristol BS15 9JB Telephone 07951 309201
Charity No: 1017300
Annual General Meeting Treasurers Report for Warmley Preschool AGM
Emily Wakenshaw – Treasurer
Autumn 2022 to 2023
Welcome to this year’s AGM. As I am sure most of you are aware my name is Emily Wakenshaw. I have been on the committee of the preschool for over eight years now and become treasurer of the preschool in March 2017, I joined the committee when my daughter Ava attended preschool.
The Treasurer role is important for managing money and also providing financial information to the committee to assist with decision making. Our financial year runs from 1 August to 31 July.
With Covid now behind us we have had a more settled 2022/2023 and our accounts have now been signed off by are accountant.
Our opening balance at the start of the last financial year was £39,164.06 this is including our reserves.
Our fundraising income was £750.34
Our Annual profit for 2022 – 2023 was £16,214.10
Our current bank balance at 23 January is £49,792.35 this includes our reserves.
A majority of this income has come from parents paying for fees and grants. We have more expenditure now due to buying PPE for staff and children safety due to COVID-19 and cost of living increases.
Now for this current academic year.
For this current financial year we are going to be looking into reviewing our reserves money and we will be working out costs for staff redundancies and updating our reserves to reflect this.
Our primary target this year is to continue to work hard and not to make a loss. Our rent payments have now increased substantially and is being paid monthly. This helps us to work out monthly outgoings correctly and also to help the
community centre. We really need to push fund raising as much as possible over the next year.
Over the next few months we will be looking at the minimum wage increase. This will increase our outgoings, so by us looking at ways to bring extra money in will help cover the costs of all our outgoings.
Parents are now able to donate snack items to the preschool and some parents send a monetary donation to help with the cost of children’s snacks.
We are busy looking at fundraising ideas, although all help is gratefully received. Mothers day and Fathers day gifts go down well with families and maybe more parties in the current financial year.
I would like to thank parents for their support this year. I'd like to remind you all you’re your feedback is very important to us, and we do act on any information given to us.
Our website - www.warmleypreschool.co.uk
Find us on Facebook – www.facebook.com/warmleypreschool