## **AGM Treasurer’s Report for year 01/09/2021 to 31/08/2022** Although this year we have ended the year on a minus this is following on from COVID 19 and the restrictions we were faced with, this has meant we have had to use some of our reserves for this financial year. With costs increasing in comparison to 2020-21, they are consistent with the cost of living increase. We are still consistent with wages being our biggest expense but without this we would not be able to offer the children the opportunity to come to our setting and learn and flourish in the way that they do. We have also needed to make sure EYPP money is being spent to improve the experience and learning of the children in receipt of this payment. Fundraising income has not happened this year again due to covid restrictions, but with the continued support from NISA the children are able to enjoy a varied healthy snack. Insurance has decreased slightly from the previous year. Rental of the setting has increased this year largely down to costs returning to normal following covid. A careful watch needs to remain on spending since our income can fluctuate with decreased child numbers due to circumstances outside our control – changes of job/working hours/moving out of the are The reserve account continues to cover ‘closing down’ costs. This is updated each year in accordance with an extra year’s service for each staff member. Fundraising needs to be upheld, this is a vital income – one on which the preschool relies upon. It is better practice to hold smaller, frequent fundraising events with less expenses incurred than a larger event where greater outlay is required and therefore the rate of financial risk has likewise greatly increased. While we have been running with an acting manager in the setting this year, I am extremely grateful to all of the staff who have gone above and beyond to keep the setting running, without them we would have no setting and the children would not have had the wonderful experiences they have, so from myself and all the other committee members we would like to say Thank you and we look forward to working as a stronger team this coming year. Debby Beachus-Wells Treasurer BUCKDEN PRE•5CHOOL PLAYGROUP FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31ST AUGusf 2022 BUCKDEN PRE- SCHOOL PLAYGROUP STATEMENT OF INCOME & EXPENDITURE YEAR END 31ST AUGUST 2022 2022 2021 2020 FEE INCOME Fees from parents Vouchers Ifundlng) 3.371 57,081 44478 45.934 49,137 50.538 OTHER INCOME Tr81nln￿Gr8nIslD0naI0n5 Oth8r inc