Lilliput Learners AGM 05/06/2023
C IJEOMA – Chair
N SUMNER – Treasurer
Meeting opened 08.45
Chair welcomed everyone and thanked them for their time and explained the reason for the agm.
Previous minutes from last year read out and no questions raised.
Treasurer’s report attached.
Supervisor reported it has been a busy year celebrating the jubilee and then the coronation.
Also this term is when the 4 year olds are looking to move on to their next schools and how we are preparing them ready.
Questions were then put forward.
Pick up and drop off – why were parent/carers not encouraged to come in to the group? – explained that after covid parents expressed that they were finding it easier because the children were not doing long goodbyes and getting upset. It was made clear that this was every parent’s decision on what they want to do at drop off and pick up and if they feel more comfortable to come in with their child then it is okay to do so.
All committee members stepped down and members’ elected
Chair – C Ijeoma
Treasurer – N Sumner
Meeting closed at 09.20am
Year End Report Lilliput Learners For the year ended 31 August 2022
Prepared by Cogs Accountancy Services Limited
Contents
-
3 Profit and Loss
-
4 Balance Sheet
-
5 Aged Receivables Summary
-
6 Aged Payables Summary
Lilliput Learners Page 2 of 6
Year End Report
Profit and Loss
Lilliput Learners
For the year ended 31 August 2022
| Profit and Loss Lilliput Learners For the year ended 31 August 2022 |
|
|---|---|
| 2022 | |
| Trading Income | |
| Interest Income | 2 |
| Sales | 132,491 |
| Total Trading Income | 132,492 |
| Cost of Sales | |
| Direct Expenses | 7,273 |
| Total Cost of Sales | 7,273 |
| Gross Profit | 125,220 |
| Operating Expenses | |
| Advertising & Marketing | 428 |
| Audit & Accountancy fees | 3,300 |
| Bank Fees | 51 |
| General Expenses | 1,940 |
| IT Software and Consumables | 120 |
| Motor Vehicle Expenses | 8 |
| Pensions Costs | 1,278 |
| Postage, Freight & Courier | 10 |
| Printing & Stationery | 1,073 |
| Rent | 15,000 |
| Salaries | 93,868 |
| Staff Training | 198 |
| Subscriptions | 86 |
| Telephone & Internet | 830 |
| Total Operating Expenses | 118,189 |
| Net Profit | 7,031 |
Lilliput Learners Page 3 of 6
Year End Report
Balance Sheet
Lilliput Learners As at 31 August 2022
31 AUG 2022
| Assets | Assets |
|---|---|
| Bank | |
| HSBC Current 91300636 77,748 |
|
| HSBC Savings 22141493 4,038 |
|
| Total Bank 81,786 |
|
| Total Assets 81,786 Liabilities |
|
| Current Liabilities | |
| Accounts Payable 205 |
|
| PAYE Payable 267 |
|
| Pensions Payable 262 |
|
| Total Current Liabilities 735 |
|
| Total Liabilities 735 |
|
| Net Assets 81,052 Equity |
|
| Current Year Earnings 7,031 |
|
| Owner A Drawings 2,442 |
|
| Retained Earnings 71,579 |
|
| Total Equity 81,052 |
Lilliput Learners Page 4 of 6
Year End Report
Aged Receivables Summary Lilliput Learners As at 31 August 2022 Ageing by due date
Lilliput Learners Page 5 of 6
Year End Report
Aged Payables Summary
Lilliput Learners As at 31 August 2022 Ageing by due date
| CONTACT | CURRENT | < | 1 MONTH | 1 MONTH | 2 MONTHS | 3 MONTHS | OLDER | TOTAL |
|---|---|---|---|---|---|---|---|---|
| Aged Payables | ||||||||
| COPY CARE SERVICES |
50 | 50 | - | 50 | 54 | - | 205 | |
| Total Aged Payables |
50 | 50 | - | 50 | 54 | - | 205 | |
| Total | 50 | 50 | - | 50 | 54 | - | 205 | |
| Percentage of total |
25% | 25% | - | 25% | 26% | - | 100% |
Lilliput Learners Page 6 of 6
Year End Report
Year End Report Lilliput Learners For the year ended 31 August 2022
Prepared by Cogs Accountancy Services Limited
Contents
-
3 Profit and Loss
-
4 Balance Sheet
-
5 Aged Receivables Summary
-
6 Aged Payables Summary
Lilliput Learners Page 2 of 6
Year End Report
Profit and Loss
Lilliput Learners
For the year ended 31 August 2022
| Profit and Loss Lilliput Learners For the year ended 31 August 2022 |
|
|---|---|
| 2022 | |
| Trading Income | |
| Interest Income | 2 |
| Sales | 132,491 |
| Total Trading Income | 132,492 |
| Cost of Sales | |
| Direct Expenses | 7,273 |
| Total Cost of Sales | 7,273 |
| Gross Profit | 125,220 |
| Operating Expenses | |
| Advertising & Marketing | 428 |
| Audit & Accountancy fees | 3,300 |
| Bank Fees | 51 |
| General Expenses | 1,940 |
| IT Software and Consumables | 120 |
| Motor Vehicle Expenses | 8 |
| Pensions Costs | 1,278 |
| Postage, Freight & Courier | 10 |
| Printing & Stationery | 1,073 |
| Rent | 15,000 |
| Salaries | 93,868 |
| Staff Training | 198 |
| Subscriptions | 86 |
| Telephone & Internet | 830 |
| Total Operating Expenses | 118,189 |
| Net Profit | 7,031 |
Lilliput Learners Page 3 of 6
Year End Report
Balance Sheet
Lilliput Learners As at 31 August 2022
31 AUG 2022
| Assets | Assets |
|---|---|
| Bank | |
| HSBC Current 91300636 77,748 |
|
| HSBC Savings 22141493 4,038 |
|
| Total Bank 81,786 |
|
| Total Assets 81,786 Liabilities |
|
| Current Liabilities | |
| Accounts Payable 205 |
|
| PAYE Payable 267 |
|
| Pensions Payable 262 |
|
| Total Current Liabilities 735 |
|
| Total Liabilities 735 |
|
| Net Assets 81,052 Equity |
|
| Current Year Earnings 7,031 |
|
| Owner A Drawings 2,442 |
|
| Retained Earnings 71,579 |
|
| Total Equity 81,052 |
Lilliput Learners Page 4 of 6
Year End Report
Aged Receivables Summary Lilliput Learners As at 31 August 2022 Ageing by due date
Lilliput Learners Page 5 of 6
Year End Report
Aged Payables Summary
Lilliput Learners As at 31 August 2022 Ageing by due date
| CONTACT | CURRENT | < | 1 MONTH | 1 MONTH | 2 MONTHS | 3 MONTHS | OLDER | TOTAL |
|---|---|---|---|---|---|---|---|---|
| Aged Payables | ||||||||
| COPY CARE SERVICES |
50 | 50 | - | 50 | 54 | - | 205 | |
| Total Aged Payables |
50 | 50 | - | 50 | 54 | - | 205 | |
| Total | 50 | 50 | - | 50 | 54 | - | 205 | |
| Percentage of total |
25% | 25% | - | 25% | 26% | - | 100% |
Lilliput Learners Page 6 of 6
Year End Report