## **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<br>balance|Debit|Credit|Net<br>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<br>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**<br>**BALANCE**|**DEBIT**|**CREDIT**|**NET**<br>**MOVEMENT**|**ENDING**<br>**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<br>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<br>Revenue|£0.00|£3,600.00|£3,600.00|
|Overpayment<br>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<br>OPERATING COSTS|£12,257.40|£0.00|£12,257.40|
|FUNDRAISING<br>EXPENSES|£248.55|£0.00|£248.55|
|GENERAL<br>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<br>Benefits|£5,054.95|£0.00|£5,054.95|
|---|---|---|---|
|Payroll – Salary &<br>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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