## Chairperson report November 2024 As a committee we have met throughout the year to discuss different ideas in how we can support Stratton Playgroup. Due to our active, busy life styles we have had an active group chat that we share and discuss ideas within and have used this frequently, especially when planning fundraisers. Most of our correspondence as a committee has been how we can fundraise for playgroup and also planning around this. We had a very successful raffle in the Summer of 2024 and the committee’s communication really aided this, especially when delegating who would approach different businesses. In our management role, we have supported the staff team with the updates of policies and helped signed off on these and had an input in financial matters. This year the committee organised the Big summer birthday raffle which raised over £450 **Stratton Playgroup** New Road, Stratton, Bude, Cornwall EX23 9AP **Telephone:** 01288 356135 **E-mail:** strattonplaygroup@hotmail.co.uk **Website:** www.strattonplaygroup.uk **Ofsted No.:** 102959 **Registered Charity** **No.:** 1038250 ## **Treasurer’s Report for Year ended 31 August 2024** November-2024 For the year ended 31 August 2024 Stratton Playgroup made a profit of £31,352; however, we received some of our 2024-25 funding from Cornwall Council too early (£19,031); so, the balance for the year would have been **£12,321** . The total income for the year was £142,836; of which £111,415 was from Early Years Funding, and £23,817 was from session fees. We received £2,081 from fundraising, which was a brilliant amount, along with a grant of £4,000 from Mencap, to create our new sensory / sleep room. The total expenditure for the year was £111,484. The largest expense for playgroup was wages, which totalled £92,647. We still have to spend approx. £1,450 from the Mencap grant. Our reserve fund (the amount we should hold, in case of closure and emergency contingency) was previously agreed at £22,350 for the year. We finished the year with the bank accounts showing a balance of £50,687, as of 31[st] August 2024. For this year and forthcoming years, we are hoping our income will continue to improve with the implementation of the new additional early years funding for working parents, which started in April-2024 – we are already seeing an increase in interest from families wanting to view, along with a waiting list for this year and several bookings already for September-25. However, in the new government’s budget on 30[th] October, we received the news that Employers National Insurance contributions will increase from April 2025, which will have a huge impact on us in the coming years. Signed ................................................................... Treasurer STRATTON PRE SCHOOL PLAYGROUP (BUDE) ACCOUNTS FOR THE YEAR ENDED ST 31 AUGUST 2024 CRICK AND CO CHARTERED ACCOUNTANTS 8 CHAPEL STREET HOLSWORTHY DEVON EX22 6AY sTRA￿oN PRESCHOOL PLAYGROUP BUDE Contents Of The Financial StateEnents ST For tlie Year Ended 31 Au ust 2024 Page Ineome Expeuditure Reconciliiition & Examiner's Statement A3sets & Trustees Signature Accounting Policies Pag¢ I STRATTON PRE SCHOOL PLAYGROUP BUDE STATEMINT OF INCO1￿& AM) EXPENDfTURE FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 UIYRESTRICTED FUNDS GENERAL FUND Income Recei erational Aetivities to furtber Ch2ritv's Ob eetiveg PlayoroLiP Sessions Government Funding Grants Fundraising Sundry Receipts Grants and Donations 23997 111,415 11.666 85,315 1,423 2,081 658 299 4331 142J82 8,380 107,083 Investment Income Recei t8 Bank Interest 454 227 TOTAL RECEIPTS 142,836 107,310 Page 2 STIUTTON PRE SCHOOL PLAYGROUP STATEIVIENT OF LNCOME AND EXPENDITURE FOR THE YEAR ENDED BUDE 5T 31 AUGUST 2024 2024 2023 GENERAL FUM) Ex enditure Pa ments Charitable Pa tnents Wages and PA YE StatTing Costs Grant Expenditure Repairs and Maintenance of Building Utilities 92,647 225 95.002 125 3,223 I,057 522 1,000 2,820 671 1,985 Paper and Paint Cleaning and PPE Milk and Food 920 901 897 1,957 635 1,921 734 Repairs and Replacement of Small Toys Gift5 and Christrn&s Party Training and Travel Expenses Early Years Educational Fundraising 857 375 352 713 566 243 295 106,149 303 104,797 Mana ement and Administration Telephone and Broadband Insurance and Licences 1,732 2,512 669 (167) 2,768 808 Sundry Expenses T Shirts 4.913 (46) 3,363 Purchase of Fixed Assets Equipment Purchased 422 213 TOTAL PAYMENTS 111,484 108,373 STIL4TTON PRE SCHOOL PLAYGROUP BUDE STATEMENT OF LNcOlV￿ AND EXPENDrruRE FOR IEE YEAR ENDED ST 31 AUGUST 2024 2024 2023 UNRESTRJCTED FUNDS Incom¢ 142,836 111,484 107,310 .108,373 Expenditure (Deficit)ISurplus for th¢ Year C&sh and Bank Balances at 31" August 2023 31,352 19J35 (1,063) 20,398 Cash and Bank Balances at 31" August 2024 50,687 19,335 IKDEPENDENT EXAMn¥ER'S STATEMENT I have prepared the above accounts, without audit, from the records provided bv Stratton Pre School Playgroup (Bude) and in my opinion they are correctly presented and in accordance therewith. Date D W Crick Crick gnd Co Accountants 8 Chapel Street Hol3wortby Devon EX22 6AY Page 4 STIUTTON PRE SCHOOL PLAYGROUP BUDE STATEMENT OF INCOME ￿￿D E￿ENDrrURE FOR THE YEAR ENDED ST 31 AUGUST 2024 2024 2023 UNRESTRtCTED FUNDS MONETARY ASSETS Bank and Cash Balatt¢es Bank Deposit Account Bank Current Account 49,443.18 1,171.39 18,738.32 512.81 Cash In hand 72.80 84.37 TOTAL MONETARY ASSETS 50,687.37 19,335.50 Assets Retained for the 's Own Use Property Other Assets 170,544.03 170,544.03 Equipment 634.91 171,178.94 213.00 170,757.03 TOTAL ASSETS 221,866Jl 190,092.53 Th¢ notes following forffl part of these accounts. Signed on belialf of the Trustees Treasurer: Date Page 5 STIUTTON PRE SCHOOL PLAYGROUP BUDE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED ST 31 AUGUST 2024 I. ACCOUNTING POLICIES Basis of Aceounting The accounts have been prepared under the receipts and payments basis in accordance with legal reguiiements. The Charity is not incorporated under The Companies Act. The accounts are prepared in accordance with the Statement of Recommended Practice: Accounting by Charities, as were applicable to smaller charities. 2. TANGIBLE FLXED ASSETS Pro Total At I, September 2023 Additions 170,544.03 213.00 170,757.03 421.91 421.91 At 31" August 2024 170,544.03 634.91 171,178.94 3. WAGES AND SALARIES The Trustees do not receive any remuneration nor have they received reimbursement for any e.xpenses. There were no employees receiving emoluments above £50,000 during the year.