Buxton Village Hall, Mill Street, Norwich, NR10 5JE 01603 279468 committee@buxtonpreschool.co.uk Registered Charity Number: 1044583 Ofsted Number: 253986
Annual General Meeting Tuesday 8[th] December 2020 Treasurers Report.
We started the 2019/2020 academic year looking really positive – the number of children on role was high for the autumn term and we all felt hopeful for the year ahead. And then sadly Covid-19 hit and the preschool was forced to shut on the 20[th] March 2020. We remained shut for the whole summer term – we had planned to reopen but after contact with all of our parents there was only a couple that wanted their children to return that term – therefore as this was not financially viable we had to make the difficult decision to remain shut. Unfortunately, the difficult year has resulted in a loss of approximately £8,912.01. Luckily we had enough in the account to cover the loss – however it does not leave us with much left for the 2020/2021 year. Therefore it is so important this year that we do not have a loss.
The number of children we have on role for this year is very high and as we go into the spring term in January we are almost full on a couple of the days.
As Amie mentioned in her chairperson report we have not been able to do any fundraising for the past year. This is now one of our biggest priorities for the year ahead – we need to fundraise as much as possible. We will need to think of alternative events to what we normally do as at the present time we cannot go ahead with any of our normal fundraising events.
Buxton Village Hall, Mill Street, Buxton, NR10 5EN Tel: 01603 279468 Admissions: buxtonpreschool@outlook.com Finance: finance@buxtonpreschool.co.uk
Profit and Loss statement 2019/20
| Actual | Budget 2019/20 |
Variance | ||||||
|---|---|---|---|---|---|---|---|---|
| Fees received NCC | 43,474.86 | 52,000.00 | -8,525.14 | |||||
| Grants | 2,282.08 | 0.00 | 2,282.08 | |||||
| Fees received Parents | 5,475.57 | 3,000.00 | 2,475.57 | |||||
| Fundraising & Donations | 5.00 | 2,000.00 | -1,995.00 | |||||
| Uniform | 22.00 | 100.00 | -78.00 | |||||
| Bank Interest | 0.00 | 1.00 | -1.00 | |||||
| Snack Contribution | 130.00 | 300.00 | -170.00 | |||||
| Other | 49.99 | 0.00 | 49.99 | |||||
| TOTAL | 51,439.50 | 57,401.00 | -5,961.50 | |||||
| Wages (inc bonuses) | 52,671.78 | 50,000.00 | -2,671.78 | |||||
| Rent of Village Hall | 2,400.00 | 3,300.00 | 900.00 | |||||
| Snack | 248.52 | 300.00 | 51.48 | |||||
| Insurance | 425.93 | 525.00 | 99.07 | |||||
| Cleaning | 173.51 | 100.00 | -73.51 | |||||
| Equipment | 1,078.26 | 500.00 | -578.26 | |||||
| Craft Materials | 81.89 | 150.00 | 68.11 | |||||
| Accountancy | 1,161.00 | 750.00 | -411.00 | |||||
| Subscriptions | 287.40 | 200.00 | -87.40 | |||||
| Post / Stationery / Office | 191.92 | 350.00 | 158.08 | |||||
| Uniform / Staff Uniform | 0.00 | 100.00 | 100.00 | |||||
| Children's Gifts | 89.66 | 100.00 | 10.34 | |||||
| Staff Sundry | 100.29 | 100.00 | -0.29 | |||||
| Telephone / Broadband | 851.10 | 800.00 | -51.10 | |||||
| Advertising & Recruitment | 114.15 | 50.00 | -64.15 | |||||
| Training Costs | 265.00 | 200.00 | -65.00 | |||||
| Maintenance / Sundry | 95.00 | 0.00 | -95.00 | |||||
| Other | 116.10 | 0.00 | ||||||
| 60,351.51 | 57,525.00 | -2,826.51 | ||||||
| LOSS/PROFIT | -8,912.01 | -124.00 |
Registered Charity: 1044583
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