26[th] Jan 2024 ## Trustee’ Report The past year has been very challenging as a member of staff took extended maternity leave. We are still part of the EL2 scheme, but interest has been low. We are running at a loss currently because we have had lack of places taken up. Staff have been advertising and liaising with the local authority updating on the waiting list situation. No Fund raising has been attempted due to cost of living increase and parents expressing financial struggle. We hope plan for the future. We hope the Member of staff will be returning soon which will mean e can take more children. Ratios for 2 years have changed allowing 1 more child per adult so this will be a financial benefit as well as the hourly rate per child being increased from April 2024. Regards Sharon Hartman VERNON PRE-SCHOOL PLAYGROUP UNAUDITED ACCOUNTS FOR THE YEAR ENDEE) 31 MARCH 2023 Avenip Accountants Limited Trodin9 As Avenir 110 Brooker Road Waltham Abbey Essex EN9 IJH VERNON PRE-SCHOOL PLAY6ROUP CONTENTS Pagt Acrountotits, rtpDrt Prvfil loss account Baltshce sheet VERNON PRE-SCHOOL PLAYGROUP DFfAILEts TRADING AND PROFIT ANts LOSS ACCOUNT FOR THE YEAR ENDED 31 MAkCH 2023 2023 2022 Turnover Fets received Gronts received t.276 91.229 1.983 156.678 92.505 158.661 Administrative expense5 Wo9es and solaries Stoff pensioh tosis keni ond rotes Toys and EqUlPrn￿t rnsurance kepairs and tlearti Prin7irt9, PQStO9e ond Slationery Telephone Accoufitonty Sundry expense¥ Subscription% 87,862 1.550 4.170 27.136 329 3.746 1.234 4.144 26.892 290 1.615 27 852 1.590 1.580 40 566 1.632 1464 1128.4551 1130.7361 OF¢f4tiw {l￿SY￿￿fIt 135.9501 27.925 VERNON PRE-SCHOOL PLAYGROUP BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Notes Corrent t15sets Trade debtors Other debtors Cosh ot bank and in hond 108.173 153,731 67,560 158,393 225,954 261.904 Current liabilities Accruals 360 360 Net curnht 0Sset5 225,594 261.544 copitol occount At l April 2022 ILty5sIIProfit for the yeor 261,544 135,9501 233.619 27.925 225,594 261.544 In fjccordance with thE ewa9emenl letter doted 27 September 2016. 1 opprov¢ the accounts set out on pages ? to 3. 1 acknowled9e my rzsponsibility for the occ4un*s and for providing Avenir Accountants Limited With all information ttnd explanotions necessary for their compilotion. tKigh Thompson- Chair tsote.. 15 Nov¢mb¢r 2023 26[th] Jan 2024 ## Trustee’ Report The past year has been very challenging as a member of staff took extended maternity leave. We are still part of the EL2 scheme, but interest has been low. We are running at a loss currently because we have had lack of places taken up. Staff have been advertising and liaising with the local authority updating on the waiting list situation. No Fund raising has been attempted due to cost of living increase and parents expressing financial struggle. We hope plan for the future. We hope the Member of staff will be returning soon which will mean e can take more children. Ratios for 2 years have changed allowing 1 more child per adult so this will be a financial benefit as well as the hourly rate per child being increased from April 2024. Regards Sharon Hartman