## **- Treasurers Report AGM 15/11/2021** The preschool ends the financial year in a secure and fortunate position. The preschool have remained open throughout the academic year, with the exception of a one week closure in January 2021 where all staff and children had to isolate. The accounts for 2020/2021 have been reviewed with the independent examiner. The examiner confirms that the accounts have been presented clearly and there are no discrepancies. The examiners report has been provided. ## **Receipts** - Fundraising- We were fortunate enough to welcome back the Easter Trail and Sports Day events which totalled £1,940. Also, the easy fundraising website is actively - being used and a steady flow of funds has been received. - Donations - We have received small parent donations but no applications were made to any external contributors e.g British Sugar. Funding & Fees- Grant funding has slightly risen as more children have qualified for funding. In addition, we have also lowered the preschool session size from 20 to 15 children thus reducing our fee income. Several invoices were raised before lockdown (February 2020) but payment carried over into the next financial year (September 2020). Other - This includes uniform revenue, bank interest from our savings account and the sale of preloved preschool items e.g old Tablets. ## **Payments** Salaries - This takes into account a rise in minimum wage and a full year with the preschool open, plus holiday club which we were not able to do last year. - Rents and Rates - A similar cost to last year due to the temporary closure of the toddler group, in the main hall on a Friday morning. - Premises - As part of our 2 year spending plan the committee authorised the interior work to the preschool room. The room has been plastered, redecorated and a few maintenance jobs carried out. Catering Costs - A slightly lower figure this year due to the smaller class sizes. Consumables & Equipment - We have reduced our equipment expenditure this year and focused our funds on the premises. However, we still encourage purchases on learning and development and replacing worn and broken items. Office - Average costs plus the renewal of the website and domain name with Vistaprint. Other - This includes staff development training, £200 charity donation to Great Finborough Parish Council playground project (funds raised from the sponsorship challenge), uniform and insurance. ## **Balance Sheet** -TSB account ending 968 ends the year with a lower closing balance. Over the two years we have implemented a spending plan to reduce our current account balance to £15,000 but due to the set back of the pandemic we have had to postpone certain projects. Given the last 18 months, the committee have reviewed our funds and feel content that the preschool have enough funds should another set back occur. However, the account balance will be regularly reviewed. ## **Savings Account (TSB account ending 260)** This account meets the needs of the Reserve policy adopted on the 20/05/2019. It is an account with a designated fund to meet redundancy liabilities and an emergency general contingency reserve equal to one terms (one-third of annual) total expenditure. We end the year with payments exceeding receipts but continue to hold two very healthy bank accounts. Iillii Emmlnerfs l rnpoft an ih• a(cauffls for Ihé i•ar •ndtd 31rt 4urt 1021 •Jttl£h arn *2t 04rt 0Th l••p•¢¢h• ￿P￿IbIli1• •fth• tn•l•w •nd th• Clwlty tsw rD¥fts Jll c￿rIty trltstees ffj wepare 4¢cpunts trylf ttyrrty. The tfUSt¢es c4 fe8lstefed thant*s murt a Lrysttt< aftNIl repcrt Ithe rep)rtl. Tr* repyt and ¢llnfS l(•1 dor￿15 èf¢ ￿h￿[S Iniéf*Med i) tho ol lh• charfTr *Jknat rh• cl4rtry1s S•1 lip to **ai It ha$d￿ In:hw h¢w il sFént itsffowy. Th• rob• ofthè IndopÈrth¥ *•amlvr Is to an of IM xcounts. Tht QYAmlTrtf a part in ma*4afdn8 pI41c trusr and :onlldoDio In charfii¢S The IfLtstees cl Gf21t Flnbnro47h & Uuthal UfidEr S's consljy tr•t an audlt Is r•Y. requlrtd fcf trij y￿r U••Jff s•alhn 144(21 ol ih(t Ch¥lIbK￿r 2r.11 jlh• 2Jll J£t>and Zh* aThlnd&p#i .1ft￿lon 8 1115 o3pxybi5 •y lo •yJfp.In* •h* ac£tsunis und#f S*ftte. 145 01 th* 2011 Art: Iolcw Ffocedufts lac dcwn In the Geref•l L>rrctrrnw ￿ ihe Chlrlly CcerrlsslDnes sf£t"cn 1451511b) d iht 20T l Ir.; ar ale wrtlDJar ffl1f.e￿ h¥4t come ra attmllDn. D•sb Examlnerfs Statemerrt y eumlna15?n was (arrfod ln accudarKe wtth GcTrer41 OITrtttr6 E14tn tyitre Chylty Commlss>X ar, ethmlni:l)Alndudes a fe¥1￿• ol-.heaccJuntsnKrn=llrdsker. ttrarty rDmpartson oftrrt xcc4Jnts weserrted •llh tTh)se reJ ¢1 the 2CII kL' ce n Prepare xcaunts whth acccfil V41tt thtst Kwtbry Iw•e r41 beon m@I," O I to ¥4h£h, tn oplTr*)fy att•(rtE￿ shnuhj t•7 dr4wTh In ar￿ lo erkible 4 prcper UY>kntwdint ¢4 )rte￿￿ P44nwement kro•Jn l•rnGr•rt•ry IP14 YIX PJi¢ I