- Holy Apostles Pavilion Group (HAPG) Full Year 2023 24 Financial Report
This financial report relates to the 2023/24 academic year (from 01.09.2023 – 31.08.2024) for the Pavilion facility which is split into two distinct functions, being the Pre-School and After School Club. For the purpose of this report the financials relate to the income and expenditure for both functions combined.
Income in 2023/24 was broadly unchanged year on year (-0.01% vs. 2022/23) at £146,704.23 (2022/23 £147,610.30).
Expenditure in 2023/24 has increased by 33% year on year at £162,966.97 (2022/23 £122,357.49).
The operating deficit of £16,262.74 (11%) was driven by active choices to invest in training, repairs, and a variety of small purchases to improve the setting.
We remain in a very healthy financial position, with a surplus of £89,319.94 (Current Account £43,711.41, Savings £45,608.53). Given this position, the opportunity remains to further invest in improving the setting if suitable options are identified.
Key Action(s):
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Produce termly financial forecast – giving Preschool Leader greater clarity of budgets ahead of each term (RK)
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Add RK to savings account to facilitate ongoing administration following AGM (RK / BJ)
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Discussion and approval of Finance Policy (BJ / All)
Holy Apostles' Pavilion Group 2023/2024
Financial Statement
Income and Expenditure Account
| Income After School Club Pre School Joint Fees Third Party Fee's GCC Grant Other income Interest |
36,139.17 108,423.85 2,141.21 146,704.23 33,342.89 22,606.04 84,363.23 4,444.63 1,947.44 146,704.23 852.86 5,481.31 616.08 431.57 - 5,250.78 15.12 25,726.23 30,560.28 71,619.35 964.05 8,142.86 3,743.81 5,485.23 4,077.44 162,966.97 £ 59,974.15 146,704.23 162,966.97 - 43,711.41 £ 45,608.53 - - 45,608.53 |
Per Lloyd's Income Tab Diff 146,704.23 - Per Lloyd's Expenditure Tab Diff 162,966.97 - Lloyd's Balance Diff 43,711.41 - COIF Balance Diff 45,608.53 - Please Enter Current Lloyd's Balance Please Enter Current COIF Balance If Diff ≠ 0 Check & Update Tabs If Diff ≠ 0 Check & Update Tabs |
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|---|---|---|---|
| Check Income Split | |||
| - | |||
| Auditor Comment- Balance verified against Lloyds current account Auditor Comment- Balance verified against CCLA statement |
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| Expenditure Administration Cleaning Equipment Misc Tescos Repairs Resources Salaries Salaries ASC Salaries PG Subscriptions Training Utilities Unique Item PG Unique Item ASC Balance Sheet as at 31st August 24 Fund balance b/f as at 1st September 23 Total in-year Income Total in-year Expenditure Fund balance to c/f as at 31st August 24 COIF balance b/f at 1st September 23 Total in-year Income Total in-year Expenditure COIF balance c/f at 31st August 24 |
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| YE Declaration Debtors Outstanding at 31st August 24 |
ASC £ PG £ |
| Income- Unverified items to documentation | Income Sample Size |
|---|---|
| 0.00 Total Amount | 90,871.83 |
| 0.0% Percentage of Income | 62% |
| Auditor Comments | |
| All supportingdocuments tied to the sample request | |
| Expenditure- Unverified items to documentation | Expenditure Sample Size |
| 0.00 Total Amount | 83,324.13 |
| 0.0% Percentage of Expenditure | 51% |
| Auditor Comments | |
| All supportingdocuments tied to the sample request | |
| Total Sample Size | |
| 174,195.96 | |
| 56% |
21st October 2024
The accounts have been reviewed to the backing documentation, and represent a true and fair view - with any comments noted in the analysis above
James Brooker ACMA, CGMA