Annual Trustee Report for the Charity commission
Financial year 2021/2022
Finances for the financial year 2021/2022 were in a good position. Total income: £116,595
Total expenditure: £113,559
Staffing has been consistent, and numbers of children have improved, with a busy summer term ahead and a need for higher staff ratios, which may have an effect on the finances with the impending minimum wage increase.
Due to the current financial climate the church put our rent up in January 2022, we managed to bring them down on the quote with an agreement to review it again in April, this led to us having to increase our fees to cover our overheads. Fees will increase from £15 per session to £18 per session to start in April 2022.
We received two grants through the council, one was to help towards the development of our free flow garden and the other was to aid us in marketing materials to advertise the setting. We have also done some fundraising in setting to help us to continue to develop both of our outdoor spaces in the Spring term, and to create a new sensory and understanding the world area in the hall. These developments have been received well by both the children and our families.
The committee is in a strong position with new members signing up, they are being supportive to management in decisions and volunteering when needed to support staff.
71 o O Co * t7$
71 o O Co * t7$