Treasure’s Report for AGM November 2024
Overview
Financially Busy Beavers made a profit of £4226.24 not as good as last year where we finished in a plus of £12,285 but this was down to a large donation from Sprowston Pavilion Playgroup however finishing in a plus is as always amazing. An increase in NCC funding compared to the previous year has made a difference and meaning after staff salaries and rent costs we were still sitting in a plus. The bank account is still looking healthy due to the group having made a profit over the past few years. For me having been on the committee for the last 7yrs we have only had 1 year where we finished in a loss.
We also had some big buys this year with needing 2x New Laptops costing £898 plus £32 for a laptop bag and 64.99 for a new printer, without these costs we would have finished with over £5k in profit so really good work everyone.
Income
The group received funding and fees of £83,830 which is an increase on last year. Fundraising from selling sweets/hot chocolate cones, raffles, sponsored bike ride, DVDs, Tea towels etc. brought in a profit of £1563.49 after costs.
Expenses
The biggest expense is Staff wages which is unavoidable, being a total of £68,652.51 of the overall costs and then rent with a monthly cost of £800.00 giving a total of £9600 for the year.
Bank Account
Current balance in the Business Account is £28,034.52 and the Business Redundancy Account balance is £58,160.51.
We moved £30,000 over to the redundancy account as this account accrues interest over the year whereas the current account doesn’t. This has resulted in an additional £591.65 in interest this year which is amazing.
Forecast
Fund raising will still need to be in the forefront with Children numbers currently being low. We have not had a Christmas fayre since 2019 maybe this is something that we could look at bringing back as it was always a good profit maker and its always lovely to have a community event and would bring more notice and advertising for the playgroup to help keep the group running in the future. Advertising of the group needs to be a major factor going forward, have we got plans to put the new banner back up as think we are missing that advertising opportunity.
We could look at promoting the group more on social media sites like Face Book – Catton Life etc.
However, the bank account is currently healthy but with increasing costs and staff wages we do not want to risk running at a loss.
Colleen Girling Treasurer Busy Beavers Playgroup Committee
Beavers AGM 15 November 2024 l . Welcanle Firstly welcome evtryone & thank you for comiThJ to the meeting it is very much apprecioted. 2. 9rief Con¥nitt¢e V date I will just do a brief committee updtjte rts sin¢e we lost met we hove fiTh21Py mamged to get Evie on the 8dnk Account so thots one Fess to sort crfJt once we and over. At the eYKI of this r wi Pl ask if we have porents who would li ke to join, t is not a tNssive Commitment just supporting the ploygroup with f¢JThdraisir9, helpiry the staff , vtstin9 on decisions re9ord¢rrfJ the pl(rygroup & attendiTh3 3 meÈtiThJS d ytdr. 3. Fr•i$l 5toff & Committee ore currÉntty sourcing dorntions for priies far the Chrstmos Raf f le & so for r believe we have 14. As alwtrrfs tickets will be knnded t on pick up, feel free to ask for more to pass onto famtly & f rierds rjs this oll 90eS towards raisiw funds f or the playgroup. As some •Jf you will ktww Angle will be off for awhile so this is where I would kihlly osk that the committee step up & support the stoff in her Gbstnce os best they can & also check in on An9le to make sure shÈ's doing ok a keep her dated with arYthI she w need to know, Myself & Colleen will be standing down frMI the committee. Colleen hos been treasurer for a number of years so fd like to thcenk her for bel o port of Busy Beavevs & wish her well, Ag for me I thlhk I've beeh chairperstsn for jugt over 2 yeors but to persoMI reosons I need to take a step b¢]ck, I will alwttFs support the phygrdup & con hone5tW say beiThJ Chairper50n is oclwlty very eosy thol is thanks to A Thjie pretty much doirwj ev£rythir¥J just soyilu yes or Si9ning somethingl Which leaits m¢ onto this.... 6. Who like to in COrnKiittee? 8eiThJ on the committee is o good way of havi rvj o soy in how the plry9roup rurts. fundroisir&, brirwJir*J new ideos of things the children do a gÈnerally rnkirvj sure that it keeps running Without the committ¢e there is Tr) ploygroup, There are certain roles tTrt we need people for first beir9 Chairperson hgwever Ewie htts kindly offered to step up & toke this on. Then we hove Tr¢osurer & Secretary. Gabs & Ary •2re stayiThJ on og comrnittee members but we need more to keep the ploy9roup rwnip43, You wijl require o DBS which the plrygroup will pay for & you will also rseed t complete an EY2 olongsi de this. We do lave o step by step guide on how to do this. So th+s is where I ask is there anyone who would li ke to join/t<Jke on one of the roles? the Busl
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