1. Treasurers report
Treasurer’s Report AGM 11th October 2022
During the year, the audited accounts for 2020/21 were submitted and accepted by the Charites Commission .
The Annual Accounts for 2021/22 will be submitted to the Charities Commission by June 2023
The ending balances for 21/22 were;
| Startng balance |
Debit | Credit | Net movement |
End Balance | |
|---|---|---|---|---|---|
| Fundraising | £1,536.11 | 0 | 0 | 0 | £1536.11 |
| Main Account | £11,344.94 | £104,211.82 | £108,355.69 | -£4,143.87 | £7,201.07 |
| Reserves Account |
£15,024.76 | £7.04 | 0 | £7.04 | £15,031.80 |
Total Assets - £23,751.43
Stafng costs
No new posts were created. This year we saw the appointment of a replacement administrator and the Kindergarten Deputy Manager. The Kindergarten is currently replacing a support worker.
Additonal Costs
Payroll
National Living Wage and National Minimum Wage rates increased on 1 April 2022 by 6.6%. This affected 6 members of the Kindergarten. To provide a sliding pay structure within the Kindergarten and the committee agreed a pay increase of 6.6% to those staff not affected by the NLW and NMW changes.
Funding
Herts County Council has increased the hourly rate we are funded from April 2022;
2Yrs – £5.51 to £5.72
3-4 Yrs/30 Hours – £5.24 – £5.41
Savings 20/21
The management team in conjunction with the chair and treasurer and have reviewed the outgoings and have made savings where possible. This includes annual website administration costs.
Decision agreed by committee afecting 22/23
Leaside Church and Community Centre notified us of an increase in hiring fee. There will be an Increase in rent of 10% a year from the current amount £17,746.90 to £19,521.60 to take effect from 1st September 2022.
Fees Increase
In line with increases in rent and payroll we are recommending an increase in the hourly rate of the kindergarten. The current hourly rate is £5.50. This equates to £16.50 a session. The new rate suggested is £6/hr which will be £18.00 a session. To take effect from 1[st] September 2022.
Account Balances
Leaside Under Fives Kindergarten
Date Range: Sep 01, 2022 to Aug 31, 2023
| ACCOUNT | STARTING BALANCE |
DEBIT | CREDIT | NET MOVEMENT |
ENDING BALANCE |
|---|---|---|---|---|---|
| Assets | |||||
| Accounts Receivable | -£15.00 | £20,986.50 | £20,988.00 | -£1.50 | -£16.50 |
| Cash on Hand | £0.00 | £285.50 | £285.50 | £0.00 | £0.00 |
| Fundraising | £1,536.11 | £4,553.35 | £1,785.11 | £2,768.24 | £4,304.35 |
| Main Account | £7,201.07 | £122,888.23 | £114,802.15 | £8,086.08 | £15,287.15 |
| Reserves Account | £15,031.80 | £100.67 | £0.00 | £100.67 | £15,132.47 |
| Transfer Clearing | £0.00 | £6,606.72 | £6,606.72 | £0.00 | £0.00 |
| Total Assets | £23,753.98 | £155,420.97 | £144,467.48 | £10,953.49 | £34,707.47 |
| Liabilities | |||||
| Accounts Payable | -£0.01 | £0.00 | £0.00 | £0.00 | -£0.01 |
| Total Liabilities | -£0.01 | £0.00 | £0.00 | £0.00 | -£0.01 |
| Equity | |||||
| Starting Balance | £15,048.48 | £0.00 | £0.00 | £0.00 | £15,048.48 |
| Total Equity | £15,048.48 | £0.00 | £0.00 | £0.00 | £15,048.48 |
Account Balances - Leaside Under Fives Kindergarten Date Range: Sep 01, 2022 to Aug 31, 2023
Created on Sep 07, 2023
Page 1 / 3
| Income | |||
|---|---|---|---|
| FUNDRAISING | £0.00 | £340.30 | £340.30 |
| FUNDRAISING DONATIONS |
£0.00 | £75.50 | £75.50 |
| HCC Funding | £0.00 | £95,487.41 | £95,487.41 |
| Investment - Interest | £0.00 | £117.91 | £117.91 |
| Miscellaneous Revenue |
£0.00 | £3,600.00 | £3,600.00 |
| Overpayment Refund |
£0.00 | £577.41 | £577.41 |
| Sales | £0.00 | £20,262.00 | £20,262.00 |
| Sales Discounts | £396.00 | £0.00 | -£396.00 |
| Snack Money | £0.00 | £1,055.50 | £1,055.50 |
| UNIFORM SALES | £0.00 | £65.00 | £65.00 |
| Total Income | £396.00 | £121,581.03 | £121,185.03 |
| Expenses | |||
| ANNUAL OPERATING COSTS |
£12,257.40 | £0.00 | £12,257.40 |
| FUNDRAISING EXPENSES |
£248.55 | £0.00 | £248.55 |
| GENERAL EXPENSES |
£3,500.80 | £34.50 | £3,466.30 |
| GENERAL | |||
| EXPENSES - STAFF | £141.79 | £0.00 | £141.79 |
| WELFARE | |||
| HEALTHY EATING | £535.47 | £0.00 | £535.47 |
| OFFICE SUPPLIES | £350.83 | £0.00 | £350.83 |
| Payroll - HMRC | £5,034.67 | £0.00 | £5,034.67 |
Account Balances - Leaside Under Fives Kindergarten Date Range: Sep 01, 2022 to Aug 31, 2023
Created on Sep 07, 2023 Page 2 / 3
Expenses
| Payroll – Employee Benefits |
£5,054.95 | £0.00 | £5,054.95 |
|---|---|---|---|
| Payroll – Salary & Wages |
£74,710.48 | £0.00 | £74,710.48 |
| PREMISES | £8,008.80 | £0.00 | £8,008.80 |
| TRAINING & DBS | £422.30 | £0.00 | £422.30 |
| Total Expenses | £110,266.04 | £34.50 | £110,231.54 |
Total for all accounts
£266,083.01 £266,083.01
Account Balances - Leaside Under Fives Kindergarten Date Range: Sep 01, 2022 to Aug 31, 2023
Created on Sep 07, 2023
Page 3 / 3
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