Treasurer's report for AGM 13[th] October 2021
Hi, I'm Deborah and I'm the Treasurer.
Everyone should have a copy of the Receipts and Payments accounts for the financial year September 2020 to August 2021. These accounts haven’t been reviewed yet, but the accountant who reviewed last year’s accounts has agreed to do this year’s too.
We try to operate on a break-even basis, and we had built up some extra reserves over the last few years. In the last couple of years our income exceeded our income. Often it depends on the timing of the payments from LB Bromley and so which term they fall in. This year we were very similar on income and expenditure, with a surplus of around £4000.
We need to ensure we have enough for 6 months wages (about £36,000) in our bank account to use as a buffer in case our funding is late.
Most of our funding comes from the Nursery Education Grant from Bromley LEA, with a further £16,500 raised from fees – this is higher than last year (£10,700) but depends on the ages of the children in playgroup. Bromley also give us SIPS funding.
As a non-profit making organisation, we try to reinvest any surplus funds after paying wages, training, rent and other essentials.
We invested in a new laptop, and interactive white board and did an IT cleanup on our equipment.
We value our staff highly at playgroup - they all undertake regular training and were awarded a 1% pay increase in September 2020.
Bromley only confirm our funding on a termly basis and so to ensure our long-term viability we review fees annually and they were raised to £12.50 in September 2019.
Royston Playgroup (1) Receipts and payments account- 2020-21
| RECEIPTS | £ | PAYMENTS | £ | |
|---|---|---|---|---|
| Fees | £16,540.00 | Wages | £89,980.87 | |
| N Ed Grant | £91,337.64 | Tax & NI | £8,150.90 | |
| SIPS | £7,512.48 | Rent | £2,400.00 | |
| interest | £3.17 | Milk/fruit/cooking | £356.26 | |
| Dorset council PP | £135.00 | Paint/paper/craft | £804.25 | |
| payment | ||||
| Toys/books | £459.94 | |||
| BT | £526.22 | |||
| Coffee/biscuits | £66.92 | |||
| Stationery (inc ink for printer) | £762.42 | |||
| Gardening | £419.61 | |||
| Training | £1,026.00 | |||
| zoom | £143.88 | |||
| Software | £148.79 | |||
| DBS | £109.58 | |||
| Argos | £66.00 | |||
| Accounts review | £99.00 | |||
| PPL PRS music licence | £285.34 | |||
| argos via lori (phone) | £29.99 | |||
| acrius-IT services | £144.00 | |||
| Atomwide (interactive board) | £2,463.00 | |||
| Morton michel insurance | £624.64 | |||
| ICO | £35.00 | |||
| mplc | £100.52 | |||
| DJ leaving present | £46.99 | |||
| staff party | £194.32 | |||
| LBB job advert | £100.00 | |||
| ofsted | £50.00 | |||
| Nursery story | £249.50 | |||
| Early years alliance membership | £115.00 | |||
| Laptop (Currys) | £568.99 | |||
| staff reward | £140.00 | |||
| misc | £555.27 | |||
| Total | £115,528.35 Difference | £4,305.15 Total | £111,223.20 |
(2) Summary - 1.9.2020- 31.8.2021
| Cash brought forward 1/9/2020 | £87,032.11 |
|---|---|
| Income in year | £115,528.35 |
| Expenditure in year | £111,223.20 |
| Carried forward at 31/8/2021 | £91,337.20 |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to thg truste membgrs of qcys iiN PLltYGfc,LiP On a¢Unts for the year 31 8 LC21 Ch•rity no (rfanyl i£cG44 Set out on pages l ffjport lo the tru8te8s on my examinth.on of the acwunts of the ab)vo charity Ilhe Trusfi for ts ygar ended 31 eg 2 ezi. Ro8ponsibllltl8¥ ar ba$h of report A8 the charty'$ trustees. you are reSPsIble for the preparation of the 8¢counts in xcrydance with the uireMents of the Charities Act 2011 11he Acll I reFQrt in respect of my examinalion of the Tn&8fs acc4)unts earried out Urer s&Xion 145 of the 2011 A£t and in [rying (yJt examination. I have folkn•BJ all the apFAicable D1m)nS gi1 the Chafity Commission under sectK)n 145(SMb) of the Ad. Independent oxamlnor's statement u come lo my attenn in connection with Ihe examination latt disd8") whith gives cause to be1e that in, any material the arLountlng (X)rdS nc kept in *cordance wrth section 130 of ihe Charities Act or the &courrts dKI accord with the auntsng tecords.. or the xcourrts did not cw with the applicable requirernents conceming the fom and conlenl of &o)unts sel out in the Charities (Accounts and ReFts1 Regulat)n$ 2CQ8 other than any requirement that the anIS gNe a Itue and fairf view which nol a maiter ¢$Jed as part of an indeFendent examination. I have no concems and have comè arxoss no other matter5 in connectK with the exanwnation to attenlion sl)tyJld be dra in this in order to able a [per understandirwJ of the accounts to be reathed. . Pbase delele the wc¥tts in the t)rnckets rfthey do not apy. Signed: nj 2(t Ci 2L22 -SQihN tLJZA88TI4 MOYE Relev¥nt professional qualificatlon(sl or body ALh A Ti I IER Oct 2018
{Ir any): Address:. 39 Cmfi l LOA LCty4li CN Section B Disclosure Only completè if the examiner needs lo highlight malerrdl matters ol concern (see CC32, Independent examinatson of charity accounts." dIrli0n$ and guidance for examinefsl. Give here brièf dotsils of any items that tho oxarniner wishe¥ to dl$clo•e. IER Oct 2018