– Trustees Report Year End August 2023
10th October 2023
Fairways Pre School-Playgroup provides funded early education for two-, three- and fouryear-old children. Hours exceeding those funded are available at an additional cost to Parents. The setting opens on a full-time basis during Term time.
The Playgroup also facilitates the needs for a small number of SEN children.
The Playgroup is delighted to announce that an Ofsted Inspection undertaken on the 18[th of] May 2023, rated the setting as ‘Outstanding’.
The Playgroup is a charity which has been registered since 1978 and managed by
Commitee members as at year end 31st August 2023
Caroline Wickenden (Chairperson) Katie Moriarty (Treasurer) Kelly Houlder-Greenway Lesa Phillp Kimberly Vano Terri Wingrove Vicky Barrett Rebecca Louise Hannah Malkin-Wood
The Playgroup had a successful year, achieving a small surplus of £2,986.
The Committee awarded staff a 7.5% pay increase, in line with inflation. This was effective from January 2023. It should be noted that pay increases over the last couple of years have been influenced by the Governments increases to the minimum wage.
The setting introduced a card machine, giving parents a welcome and long overdue additional method of payment.
The Playgroup has healthy reserves in place.
Fees
Paying Fees remained static at £18.00 per session.
Reserves
Reserves at year end totalled £113,731.
Bank Accounts – year end balances.
| Deposit Account | £40,405 |
|---|---|
| Business Account | £71,119 |
| Fundraising | £ 1,797 |
| Cash held | £ 410 |
Fundraising
This year’s fundraising activities included Christmas cards and coasters, a Christmas Fayre, Happy School Bag clothes recycling, a treasure hunt and summer ice cream sales. The year’s fundraising has, however, been notably challenging in a context of financial hardship and price inflation alongside the limited availability of members to be involved in planning events.
Nevertheless, the Committee raised a respectable £2,101, helping to enhance the resources within the preschool; particularly the outdoor area with a new Literacy Shed, and outside Music Frame. In addition, the bark around the swing area was replenished. Other purchases included a Lunchbox Trolly, Dressing up Trolly and a baby seat.
The Committee updated the Playgroups Facebook ‘Virtual Market’ page to a ‘Local Community’ page to help promote and support local businesses, whilst still being a valuable marketing tool for fundraising.
FAIRWAYS PLAYGR In ome and Ex enditure mma ar Endi ust 2023 prepared and reconciled by MCL BOOKKEEPING SERVICES 48, GLENHURsf ROAO, SOUTHEND-ON-SEA, SS2 SDS. 2711012023 FundinÉ SOS8C Attendan¢e Fees rax Free Childcare Scheme Snacks Don•tion T5hlrts/ba8S Treasure Funt Xmas ¢ards/Craft5 Xmas P4rty Xma5 Falr rtual Market Stalls Swlni Party Bank Interest Ice cream DAFIEYPPlIndu0n fund 138210.85 Adrnin Equipia¢xhi 26921.44 BnkOrges 11251.25 Surnup Char8es 3036.30 Audit 10437 BTIS 132.fy) CardslGffts 505.68 aeanlng 255.LYJ Donatitin 249.40 DBYCRB/Olfste•J/ico 877.26 Eiuipifoy51Books 22.88 EYPP/DAF Exp 252.60 k•Creams 168.89 1rwJraQ 365.70 Play GocdslAthtlts 1379.60 ieo¥ers Party Lottery B•r Li¢en8e MalnteA•rK• PAYE PNt•o• Re 543.59 125.22 573.65 130.00 998.51 2ZO.54 647.42 20.QJ 277.00 1121.72 2924.65 99.25 711.67 148.70 29.24 61.00 1269.81 6458.47 89.94 3354.75 2131.64 256.29 49Z4.56 65.01 520.80 248.70 148690.S4 2608.80 221.71 170.98 103.46 ks &A550d•ted LKps E•st•rlSprfng Party stst1ory& cOMI Tea/Coffee etc Tralnin8 T4hirts W•8es/Pension5 W•bsltlComPUt•r Exp Xmas 84uble51CTift5 Xrnas Party Xmas Fayre TOTALS 163733.72 180747.62 01/0912022. 31/08/2023profft 298&10 Openln8 balAIX• uslncome less expenditure 1jos1 1 lo58.96 183733.72 .180747.62 8uslness Account Fundralsln8Ac¢ovnt Hl8h Interest Account Buslness Petty C•sh Fundralsln8 P•tty C•5h 56814.BO 2835.87 40236.24 21.70 113.62 iorK12.13 8usln¢ssA¢¢oufit FuThdr•iSi Attount Hlth lrttet Acwunt euslne55 Petty Cash Fyndrai*n8 PettyCa5h 71119.47 1796.63 40405.13 117.87 291.8 113730.90 PAYE due Penslon Rent Sum up Attend Fees Sum up Snacks Sum up Char8es .830.10 .262.99 -1118.25 10473.90 967.45 -193.28 9036.73 Ban¢1 bruy8htflwDrd Thsrjr PAYE due Penslon Rerrt -599.05 -282.74 -1118.25 188.C#J 26.20 I.00 -1685.84 up fee5 surn up snacks 11 lare- refvrkj requlred 112045.06