## Teddy Bear Nursery 

# **Committee AGM 20th October 2020@ 7pm** 

## **Present:** 

Chairperson - Myra Coles 

Nursery Team - Jenny, Patrea,Kimmy, Nicola, Lucy, Anthea 

Parent Committee = Nicolas Ostergaard, Gemma Preater, 

Apologies - Stacey Carpenter, Becky Jones, 

The  Chairperson  opened  the  meeting  and  welcomed  everyone.  Patrea  read  the minutes from the last AGM and they were signed as a true record. 

## **Matters Arising:** 

COVID-19 and the effect on the nursery (discussed in detail during the leader’s report) 

## **Leaders Report** 

Jen  and  Patrea  reported  that  it  has  been  really  difficult  since  the  start  of  the Pandemic in March 2020. The nursery was closed fully for the first lockdown but reopened  in June  2020. However, the rules  around  bubbles and  keeping  groups smaller has meant that since the reopening the staff costs have been a lot higher. It was initially hoped that nursery would return to ‘normal’ in September 2020 but unfortunately this has not been the case and it looks more likely that the ‘bubble’ system will continue to be in place until July 2021 with a return to ‘one room’ in September of that year instead. 

## **Treasurers Report:** 

The books have been audited and a copy enclosed 

## **Election of committee** 



|**Role**|**Name**|**Proposed**|**2nd**||
|---|---|---|---|---|
|Chair|Myra Coles|Patrea||Nicky|
|Secretary|Patrea Whittles|Kimmy||Lucy|
|Treasurer|Jenny Huyton|Anthea||Kimmy|



It was agreed that G Long & Son would continue to prepare wages and D. Shearn will continue as our auditor 

Committee Members 

Mrs Ostergaard 

Mrs Preater 

Mrs Woodland 

Mrs Carpenter 

Forms have been completed by all committee members for the charities commission 

## **Policies & Procedures** 

All policies and procedures are current and up to date 

## **Any Other Business** 

Jenny and Patrea thanked everyone for all their hard work over the last year. 

## **There being no other business the meeting was closed at 7.55pm** 

Date of next meeting to be advised 



TEDDY BEAR NURSERY
INCOME & EXPENDrruRE ACCO
YEAR ENDING 31 JULY 2020
INCOME
EXPENDITURE
B&NES Council Grant
82.746.18 WwJ8s,Incm Ta4 PensK)ns & N I
107.718.52
10.269.35 Prem&ses. Runrffjng Costs
9.085.16
Parish Council Grant
11KI.(K) ConsumatrAes
2,797.75
H M Govmnt Furkwh Grant
16.988.69
2,982.01
Fund Raising
650.50 TrainirvJ
Unifcmis
476.70
Seasc*wl Events. Xmas 8t¢
501.66
1216.34
704.
615.86
MUS￿ LessL￿S
623.37
110.754.72
127.548.63
Excess of Exponditure
over Incomè
16,793.91
£ 127.
£ 127.548.6
TEDDY BEAR NURSERY
BALANCE SHEET-YEAR ENDING 31 JULY2020
Accumulaled balance fopward 1 August 2019
76.711.61
Less excess exp6ndiiure for ypar
16,793.91
Accumulated balance as at 31 July 2020
59.917.70
Bank of Scoland Accwnt
59.917.90
59.917.70

TEDDY BEAR NURSERY
Year Endin
31 Jul 2020
There was a significant deficit in this yearfs accounts amounting to
£16,794. At the end of the year the Nursery was holding a cash balance
of £59,917 compared with £76,711 last year. The Covid-19 pandemic
had an adverse effect on the Nursery with a period of closure and the
furlough of staff.
During the year the B&NES grant reduced by £11.000 and fees received
also redU￿d by £5.000. The dosure of the Nursery did see some
reduction in the running costs. However, furlough payments were
received from the govemment during the lockdown period which
amunted to £16,988.
Hopefully there will be no more pandemic closures and the Nursery will
now be allowed to operate normally again. If this is the case the current
cash balan￿ should enable the Nursery to cary on successfully.