## **- 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): - Produce termly financial forecast – giving Preschool Leader greater clarity of budgets ahead of each term (RK) - Add RK to savings account to facilitate ongoing administration following AGM (RK / BJ) - 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**|| |---|---|---|---| ||||**Check Income Split**| ||||-| ||||**Auditor Comment**- Balance verified against Lloyds
current account
**Auditor Comment**- Balance verified against CCLA
statement| |**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**|||| |**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