| n | teveme | andperformance |
|---|---|---|
| See AttachedAGM | Minutes. |
| SectionE | Financial review |
|---|---|
| ThePre-schoolwillholdinreserueasumofmoney sufficienttopay statutory | |
| Brief statement of the | compensation paymentstoeach member ofstaffinthe event of St John's |
| charity's policyon reserves | Sunshine Pre-school closing (if sufficient funds areavailable).This amountwill becalculatedandreviewed by the Treasurer on an annual basis consideringthe |
| age,length of service and averageweeklypay (inthepreviousyear)of staff. | |
| ln addition, contingency funds equivalentto 3months runningcostsshould be | |
| maintained if sufficientfundsare available. | |
| Details ofanyfundsmaterially | |
| indeficit |
ANNUAL GENERAL MEETING 22[nd] February 2024
Attendees:-
Grace Wiggins (Chair), Jo Moucarry (Secretary), Josi Griggs, Sarah Tarasek, Jess Elvin, Elisha Winter, Karen Carey, Jo Taylor, Kim Brimelow.
Apologies:- Hayley Wheatland (Treasurer), Charlie Harradine
The Chair of the meeting confirmed that a quorum was present.
Chair’s Report 2022-2023
In this financial year we made an excess of £7,359 compared to £1,845 last year.
We started the year with an 87% percent attendance with a 40% attendance in the afternoons. The afternoons are for the older children so the numbers are kept lower so they have a better staff to child ratio. By January 2023 we were full in the mornings and by the end of the school year the afternoons had increased to 51% attendance.
The Free Entitlement increased by 25p an hour for 3-4 year olds and the 2 year funding increased by 57p in April 2023. We only had one 2 year old child claiming the free entitlement so this did not make a huge difference to our income. The additional Free Entitlement funding and an increase in fee paying children from the beginning of September gave us a big boost in income.
The rent appears to be lower in this financial year, this is because the Parish Hub invoiced us for September 2022 term in August.
In fund raising we raised an incredible £1,997. This included £721 at Christmas, £108 for the Easter Egg Hunt, £274 at the Carnival, Graduation Photos and Refreshments raised £113. Plus a huge £527 for the Sponsored Bounce. Some of the fund raising was spent on Magnetic toys, drawers and folder for monthly topics, Coronation medals for all the children and lots of outdoor push along and ride on toys.
In staff news, we welcomed Kim back from maternity leave, with Jo continuing as Manager and Kim taking the Deputy Manager Role and focusing more on the administration side of the pre-school. Hannah also became a paid member of staff after previously volunteering at the setting. Debbie unfortunately left us in March 2023 but we welcomed Kayleigh to the team in April.
Ofsted Registration 2772149 ⚫ Charity Number 1154193
The minimum wage increased from £9.50 to £10.42 in April 2023 and we were able to afford to give all staff a 10% increase. This was still only just above the minimum wage with the lowest hourly rate being £10.45.
For the coming year we have received an increase in the Free Entitlement due to an Early Years Supplementary Grant which will end in March 2024. This will help in April when the Minimum wage will go up to £11.44 which is another 10% increase.
Due to the increase in wages and other outgoings, we have had to increase our session rate to £20. We hadn’t greatly increased our fees for 6 years, and we are hoping that more parents will be entitled to the new 2 year funding for working parents which is being rolled out in April 2024, so parents will only have to pay the increased fees for a short time.
ELECTION OF THE COMMITTEE
Jo has very kindly agreed to stay on as secretary, but Grace and Hayley have both has resigned their positions as trustees. The following people were voted in by a majority show of hands at the AGM as the trustees of St John’s Sunshine Pre-school. Charlie Harradine was voted in as Treasurer in her absence.
| NAME | POSITION |
|---|---|
| Jess Elvin | Chair |
| Jo Moucarry | Secretary |
| Charlie Harradine | Treasurer |
The financial report follows:-
Ofsted Registration 2772149 ⚫ Charity Number 1154193
| FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
FOR COMPARISON TOTAL TOTAL 01/09/2021 - 31/08/2022 01/09/2022 - 31/08/2023 ANNUAL ACCOUNTS |
|
|---|---|---|---|---|---|---|
| TOTAL | ||||||
| OpeningBalance | 24,902.31 £ |
23,057.05 £ |
||||
| INCOME | ||||||
| Donation Fees Fees WSCC Fundraising Grant Interest Transfers |
25.00 £ 17,211.68 £ 62,644.91 £ 1,997.91 £ 500.00 £ 81.79 £ 1,014.89 £ |
13,489.80 £ 57,013.07 £ 1,259.57 £ 4.14 £ 731.98 £ |
||||
| TOTAL | 83,476.18 £ |
72,498.56 £ |
||||
| EXPENDITURE | ||||||
| Advertising Bank Charges Entertainers - End of term/Christmas DBS Equipment EYPP Equipment Fund Raising Costs Ink Cartridges Insurance Items bought with Fund Raising Adjustment Mobile Phone Ofsted Payroll Pension Professional Fees Provisions Rent Staff Uniform Stationery/Postage Tapestry Tax/NI Training Wages Transfers |
68.40 £ 60.00 £ 331.50 £ 90.00 £ 722.47 £ 251.63 £ 106.70 £ 335.76 £ 1,737.21 £ 1,347.33 £ 40.00 £ 220.00 £ 247.20 £ 1,356.03 £ 146.88 £ 561.28 £ 9,551.25 £ 135.00 £ 143.42 £ 134.40 £ - £ 57,515.82 £ 1,014.89 £ |
84.52 £ 85.00 £ 93.32 £ 336.95 £ 9.99 £ 63.37 £ 583.98 £ 0.60 £ 220.00 £ 239.00 £ 1,073.52 £ 74.88 £ 773.07 £ 10,614.00 £ 77.00 £ 54.75 £ 121.20 £ 476.27 £ 547.00 £ 54,392.90 £ 731.98 £ |
||||
| TOTAL | 76,117.17 £ |
70,653.30 £ |
||||
| BALANCE | 7,359.01 £ |
1,845.26 £ |
||||
| TOTAL FUNDS | 32,261.32 £ |
24,902.31 £ |
||||
| REPRESENTED BY | ||||||
| CAF Main A/C | 26,878.10 £ |
21,166.72 £ |
||||
| CAF Fund RaisingA/C | 5,383.22 £ |
3,735.59 £ |
||||
| TOTAL | 32,261.32 £ |
24,902.31 £ |
||||