2024-08-31-accounts

– Trustees Report Year End August 2024

3[rd] October 2024

Fairways Pre School-Playgroup provides funded early education for two-, three- and fouryear-old children. It also facilitates the needs for a small number of SEN 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 setting was last inspected by Ofsted on the 18[th of] May 2023 and given a rating of ‘Outstanding’.

The Playgroup is a Charity, registered in 1978. A Committee of Trustees are responsible for the overall management and governance of the preschool as well as fundraising activities.

Committee members as at year end 31[st] August 2024

Caroline Bowdidge (Chairperson) Katie Dore (Treasurer) Rebecca Louise Hannah Malkin-Wood (Secretary) Kelly Houlder-Greenway Lesa Phillp Rachel Jones Lisa Collin

Financials

Surplus

The Playgroup had a successful year, achieving a surplus of £17,455.

Fees

Paying Fees remained static at £18.00 per session.

Pay Review

The Governments increase to the minimum rates of pay, effective 6[th] April 2024, led to an overview of the Playgroups pay structure for Levels 2, 3, 4 and 5. This exercise was last carried out in 2022 and has again been necessary to maintain fair increments between each pay scale and ensure staff retention. The Playgroups Supervisor and Accountant rates were not included in the restructure but awarded an inflationary increase of 4.5%. Overall, the increase will equate to approximately 8.8% of total wages. Increases were backdated and took effect from January 2024.

Rent

The Playgroups rent increased from £1,118 to £2,256 per term, effective Summer 2024. Rental costs had remained stagnant for many years and therefore, this outcome was anticipated.

Reserves

The playgroup has a healthy Reserve of £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 included Christmas cards, wooden labels, pre-loved markets, sweet cones, bake stalls, an Easter hunt, book sales, and a summer bake sale. Unsold books were donated to local care homes and a project in Sri Lanka.

Higher supermarket prices led to the cancellation of this year's ice cream sales fundraiser as the low mark-up would make it unprofitable.

Funds raised purchased a Market Stall, Water Stand, as well as various books and toys. The outside Library has been refurbished and new chippings laid.

Our Facebook Community page remains active, and we plan to integrate it with our newly launched website moving forward.

FAIRWAYS PLAYGROUP INCOME & EXPENDITURE SUMMARY YEAR ENDING 31ST AUGUST 2024 Income Funding SOSBC Attendance Fees Tax Free Chilcare Scheme Book Sale Snacks Donation Photo Commission T Shlrtslba8S Treasure Hunt Xmas CardslCrafts/Goods Xmas Party Xm8s Fair Virtual Market Stalls Ex enditu Admin Equipmentlclothing 8ank Charges Surnup Card Machine Charges Audit British Telecom Card/Gifts Cleaning DBS/CRBIOffsteadllCO EquipmenttroyslBooks EYPP/DAF Exps Ice Creams Insurance Play GoodslActivities 170.467.08 17,632.50 11,671.60 51.35 3,660.79 85.09 0.00 72.00 668.36 72.00 272.10 o.oo 434.88 618.11 0.00 130.00 866.09 275.77 1,152.70 241.00 881.19 2.214.64 0.00 671.96 169.61 ii[I Sprlng Party Bank Interest Pre-loved Sale DAFIEYPP/lnclu5ion Fund Bank Compensation City Family Attendance reward Miscellaneous Income 326.70 553.96 648.00 10,1)03.92 loo.00 480.00 Leavers Party Lottery Bar License Maintenance PAYE Parking Postage Rent Snacks & asscociated exps Easter/Spring Pary Church Hall Hlre Stationery & Consumbles T-shirts Teè Coffee etc Training Wa8es/penslons Webslte/computer exps Xmas Baubles/Crafts Xmas Fayre Xmas Party Health & Safetv 8.99 20.00 1,305.39 10,227.19 10.60 143.00 3,374.25 2,407.11 179.90 125.00 2,576.32 368.00 12.29 498.00 166,012.40 4,047.11 128.12 0.00 184.21 26.28 Totsls 216,765.45 199,310.11 Surplus 17,455.34

FAIRWAY5 PLAYGROUP BALANCE SHEEr YEAR END 31ST AUGUST 2024 CURRENT ASSETS Business Account Fundraising Account Reserve Bank Account Fundraising Petty Cash Business Petty Cash Fees Card & Cash Income Snack Card & Cash Income 88,062.93 1,460.66 40,959.09 28.73 122.61 46.50 90.80 130,771.32 CURRENT LIABILITIES Paye Accrual Supplier Accrual Card Charges Accrual 1,104.87 165.84 0.21 1,270.92 Current Assets less Current Llabllltles 129,500.40 Balance b/fwd Surplus/Deficit Balance c/fwd 112,045.06 17,455.34 129,500.40

FAIRWAYS A55ET5 YEAR ENDING AUGUST BOOKSIDVD'5 170.83 TOYS- VARIOUS 952.38 OUTDOOR TOYS-VARIOUS 2S2.79 SENSORY GARDEN G¢XIOS 106.58 OLITDOOR WENDY HOLISES 70.30 OUTDOOR FIRE ENGINE 125.46 MESSY TABLE IOUTtM)OftSI 47.82 WATER TV14NEL ICP).08 CAMOURFLAGE NE￿ING 6370 &4ND & WATER PLAY 61.69 BUILDING BLOCK5 155.08 2 x Camern's 24.42 TA8LES/CHAIRS ETC 438.69 FRIOGE 76.79 PHOTOCOPIER 2Z.73 COMPUTER. Ofllce 42.84 2 x COMPUTERS- CHILDREN 40.73 2 x TOUCHSCREEN MONITORS 41.18 SETTEE FOR BCQK CORNER 52.22 STORY CUSHIONSISNUGGLE MAT 34.26 GIANT FLOOR SHAPES 16.91 LrrriE STEPS GYM IMARISI 54.55 CONVEYOR BELT IJVNISI 84.55 cosy 41.34 SHREDDER si.03 sNop 46.54 KryCHEN PLAYSEr 101.57 cvpeoAR0 24 fKAY TRIPLE 1,103.77 8LINDS 7￿.11 LOCKER 26.74 NOTICE BOARO WIYS 39.22 NAPPY UNIT SCREÉNS 95.63 MATHS SETS 78.61 WHITEBOARDS 58.98 rop 78.38 LAWNMOWER 16.78 Story Capet 61.41 Comer Seating IRM Eduwionl 405.47 Printer Cartrid8esave 133.84 Readin8 Den 276.48 2 x I Pad5 & 5creeh Protectors 406.38 Waier wor￿￿¥11 99.83 Blkeshed 410.88 Nodce oispky1Partit￿n 359.86 Baby Seat ioJ.o] Dressln8￿pTrolfy and Luffich-l￿ Trolly 362.8B Frame 331.19 Outside Literacy ShedlLibrary 597.13 Watrr Stand 119.99 Market Stsll 329.75 TOTAL 9A88.39

FAIRWAYS PLAYGROUP Income & Ex enditure Summa Year Endin 315t Au ust 2024 Income Fl Expendlture Admin Equip/Clothing Bank Charges Audit 8T/Sage Crafts Cleaning DBSICR8/OffsteadnCO EquiplToyslBooks EYPPIDAF Exp Insurance Play GoodslActivities Leavers Party Lottery Bar License Malntenance Parking PAYE Postage Rent Health & Safety Snacks & Associated Exps Easterlspring Party Stationery & Consumables Tea/Coffee etc Training Hall Hlre Wa8eslPensions Website/Computer Exp Xmas Baubles Xmas Party Glfts T-shlrts/ba8S aty FamilyAttend EYPP DAF Funding SOSBC Attendance Fees Tax Free Chlldcare Scheme Snacks Bank Compensation Donation Pre-loved sales T shirtslbags Treasure Hunt Xma5 card51Crafts Xma5 Party Easterlsprlng party Book sale Bank Interest 480.00 ICQ03.92 170467.08 17632.50 11671.60 3660.79 l(K).(K) 85.09 434.88 618.11 130.1)) 866.09 33.05 1152.70 241.00 881.19 2214.64 671.96 169.61 8.99 20.00 1305.39 10.60 10227.19 143.00 3374.25 26.28 2407.11 179.90 2576.32 12.29 498.00 125.00 166012.40 4047.11 95.07 184.21 275.77 368.00 72.00 668.36 72.00 272.10 326.70 51.35 553.96 216765A5 Openlng balance Buslness Account Fundralsln8 Account Hlgh Interest Account Business Petty Cash Fundralsln8 Petty Cash Openln8 8alan Plus Income Less Expendlture 112045.06 216765.45 -199310.11 71119.47 1796.63 40405.13 291.80 117.87 113730.90 aosln Balances Business Account Fundraising Account Hlgh Interest Account Buslness Petty Cash Fundralsing Petty Cash Adl PAYE due Penslon Rent sum up fees sum up Snacks hall hire- refund requlred 88062.93 1460.66 40959.09 28.73 122.61 130634.02 -599.05 -282.74 -1118.25 188.00 26.20 iTh). -1685.84 PAYE due Cleaning char8es Fees snacks -1104.87 -165.84 -0.21 46.50 90.80 MCL 800KKEEPING SERVICES 48, Glenhurst Road, southend￿n-sea. SS2 SDS 07711516004 M.C. Lawrehce 25/11/2024