Kinlet Family Playgroup
’ - Treasurer s Annual Report Nov 2020 Oct 2021
This report has been prepared by the current Treasurer Tom Quinn and is an accurate summary of the last financial period for Kinlet Family Playgroup.
Current Account
The start of FY21 saw the Playgroup start with an opening current account balance of £60,345.19 . The end of this financial period saw the Playgroup finish with a closing balance of £68,456.30 , showing a profit of £8,111.11 (down from £13,706.03 in FY20) . Total Banked Income was £70,689.66 (up from £59,525.37 in FY20) with the vast majority of this coming from fees, vouchers and NEF payments. This shows significant growth on last year’s figure with an increase of £11,164.29 (last year saw an £5,340.06 increase on the previous year). Total cleared Expenditure was £62,578.55 primarily covering wages, HMRC and payroll fees. Expenditure was significantly more than the previous year (£16,759.21 more) but the Playgroup still made a profit.
Fundraising/Donations
The Fundraising Accounts opening balance was £4,717. The total amount raised was higher than last year (£1,165.86 vs £468.92) but more was spent this year as well (£2,110.72 vs £553.05) to leave a closing balance of £3,772.14 , a decrease or £944.86.
Saving Account
This has not received any payments or transfer apart from interest received of £0.59 . Closing balance was £5,720.10.
Summary
Both revenue and expenditure have increased, profit has decreased but is still significant (11% of turnover). Total funds across all accounts finished the year at £77,948.54 up from £70,781.70 last year. As in previous years the excess of cash is a concern for a non-profit making organisation.
| Current Account | FY20 | FY21 | Δ |
|---|---|---|---|
| Opening Balance | £46,639.16 | £60,345.19 | |
| INCOME | |||
| Fees | £4,512.25 | £8,865.00 | £4,352.75 |
| Funding | £53,530.87 | £60,639.17 | £7,108.30 |
| Vouchers | £0.00 | £0.00 | £0.00 |
| Other | £1,482.25 | £1,185.49 | -£296.76 |
| Total | **£59,525.37 ** | **£70,689.66 ** | £11,164.29 |
| EXPENDITURE | |||
| Rent | -£1,638.00 | -£4,535.60 | -£2,897.60 |
| Wages | -£40,658.33 | -£52,686.19 | -£12,027.86 |
| Equipment | -£234.35 | £0.00 | £234.35 |
| Consumables | -£703.15 | -£1,938.19 | -£1,235.04 |
| Insurance | -£718.61 | £0.00 | £718.61 |
| Ofce Costs | -£271.07 | -£425.52 | -£154.45 |
| Outings and Events | £0.00 | -£140.00 | -£140.00 |
| Memberships & Fees | -£257.00 | -£498.14 | -£241.14 |
| Training | -£504.10 | -£957.80 | -£453.70 |
| Advertising | £0.00 | -£120.00 | -£120.00 |
| Other | -£834.73 | -£1,277.11 | -£442.38 |
| Total | -£45,819.34 | ### | ### |
| Closing Balance | £60,345.19 | £68,456.30 | |
| Proft/Loss | £13,706.03 | £8,111.11 | -£5,594.92 |
| Total Funds End FY20 | £70,781.70 | ||
| Total Funds End FY21 | £77,948.54 | ||
| Total P&L FY21 | £7,166.84 |
Saving Account FY20 FY21 Δ Fundraising Account Opening Balance £5,712.65 £5,719.51 Opening Balance INCOME INCOME Interest £6.86 £0.59 -£6.27 Fundraising EXPENDITURE EXPENDITURE Transfer £0.00 £0.00 £0.00 Spent Transfer Closing Balance £5,719.51 £5,720.10 Closing Balance Profit/Loss £6.86 £0.59 -£6.27 Profit/Loss
FY20 FY21 Δ
£4,801.13 £4,717.00 £468.92 £1,165.86 £696.94
-£553.05 -£2,110.72 -£1,557.67 £0.00 £0.00 £0.00
£4,717.00 £3,772.14 -£84.13 -£944.86 -£860.73
| Current Account | |||||
|---|---|---|---|---|---|
| Nov | Dec | Jan | Feb | Mar | |
| Opening Balance | ### | ### | ### | ### | ### |
| Funding | £6,671.81 | £8,722.78 | £3,845.40 | £6,171.08 | £13,121.89 |
| Fees | £488.00 | £131.00 | £396.00 | £608.00 | £1,024.00 |
| Vouchers | |||||
| Bank Interest | |||||
| Fundraising | |||||
| Other | £4.99 | £319.50 | |||
| Total Income | £7,164.80 | £9,173.28 | £4,241.40 | £6,779.08 | ### |
| Rent | -£535.60 | ||||
| Wages | -£4,126.86 | -£3,735.76 | -£3,643.57 | -£2,392.03 | -£4,900.80 |
| Equipment | |||||
| Consumables | -£195.26 | -£27.94 | -£106.99 | -£23.48 | -£141.16 |
| Insurance | |||||
| Ofce Costs | -£106.08 | ||||
| Outings and Events | |||||
| Fundraising | |||||
| Memberships & Fees | -£13.00 | -£16.20 | -£85.00 | ||
| Training | -£97.20 | -£70.00 | -£9.80 | -£26.40 | |
| Advertising | -£120.00 | ||||
| Other | -£73.50 | -£30.00 | |||
| Total Expenditure | **-£4,432.32 ** | **-£3,923.40 ** | **-£3,856.64 ** | **-£2,510.31 ** | -£5,753.96 |
| Closing Balance | ### | ### | ### | ### | ### |
| Saving Account | |||||
| Nov | Dec | Jan | Feb | Mar | |
| Opening Balance | £5,719.51 | £5,719.56 | £5,719.61 | £5,719.66 | £5,719.70 |
| Transfers | |||||
| Interest | £0.05 | £0.05 | £0.05 | £0.04 | £0.05 |
| Closing Balance | £5,719.56 | £5,719.61 | £5,719.66 | £5,719.70 | £5,719.75 |
| Fundraising Account | |||||
| Nov | Dec | Jan | Feb | Mar | |
| Opening Balance | £4,717.00 | £5,001.68 | £5,021.13 | £5,021.13 | £5,021.13 |
| Fundraising Collected | £895.86 | £73.50 | |||
| Fundraising Spent | -£611.18 | -£54.05 | -£52.59 | ||
| Transfers | |||||
| Closing Balance | £5,001.68 | £5,021.13 | £5,021.13 | £5,021.13 | £4,968.54 |
| Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|
| ### | ### | ### | ### | ### | ### |
| £8,520.60 | £450.00 | £5,877.89 | £2,210.00 | ||
| £270.00 | £1,726.00 | £1,096.00 | £988.00 | £1,382.00 | |
| £227.00 | £634.00 | ||||
| **£497.00 ** | £1,726.00 | £9,616.60 | £1,438.00 | £6,511.89 | £3,592.00 |
| -£4,362.63 | -£5,251.93 | -£6,626.77 | -£4,541.81 | -£3,659.40 | -£5,557.73 |
| -£194.25 | -£83.80 | -£208.20 | -£651.80 | -£68.48 | |
| -£91.08 | -£75.00 | -£39.48 | -£39.48 | -£74.40 | |
| -£140.00 | |||||
| -£193.16 | -£52.00 | -£69.39 | |||
| -£195.60 | -£122.80 | -£156.00 |
-£1,101.75
-£4,841.12 -£5,658.33 -£6,874.45 -£5,355.89 -£3,815.40 -£7,011.75 ### ### ### ### ### ###
Apr May Jun Jul Aug Sep £5,719.75 £5,719.80 £5,719.85 £5,719.90 £5,719.95 £5,720.00 £0.05 £0.05 £0.05 £0.05 £0.05 £0.05 £5,719.80 £5,719.85 £5,719.90 £5,719.95 £5,720.00 £5,720.05
Apr May Jun Jul Aug Sep £4,968.54 £4,739.54 £4,560.42 £4,377.42 £4,202.17 £4,293.67 £100.00 £5.00 £91.50 -£329.00 -£184.12 -£183.00 -£175.25 -£26.59
£4,739.54 £4,560.42 £4,377.42 £4,202.17 £4,293.67 £4,267.08
Oct
###
£5,047.72 £756.00
£5,803.72
-£4,000.00 -£3,886.90 -£236.83
-£69.39 -£280.00
-£71.86
-£8,544.98
###
Oct
£5,720.05
£0.05
£5,720.10
Oct
£4,267.08
-£494.94
£3,772.14
Examiner’s Report – Kinlet Family Playgroup November 2020 – October 2021
The accounts for Kinlet Family Playgroup are kept in good order; income and expenditure are both tracked and reconciled against bank statements to ensure accuracy. Staff and committee members are updated regularly to ensure full visibility of the current state of the playgroup’s finances.
Tom Quinn