OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-08-31-annual-report

Kilmood Playgroup

TRUSTEE’S ANNUAL REPORT FINANCIAL YEAR 1[ST] SEPTEMBER 2023 – 31[ST] AUGUST 2024 CHARITY COMMISSION NO: NIC 101397

Our Vision

At Kilmood Playgroup we ensure that Safeguarding reflects our Policy as well as current legislation and guidance. We aim to promote healthy lifestyles and priority is given to wellbeing of children, staff, and families.

We use teaching strategies based on children’s learning needs and provide a wide range of opportunities and resources to motivate, support, challenge and scaffold children’s learning and development.

All children are treated equally, and we value each child as an individual, and aim to help them develop self-confidence, resilience, and a sense of achievement.

Parents are valued as their child’s first educators and are viewed as active partners of the playgroup.

Principles

Being a committed provider of equal opportunities, we support the local community by providing access to our Group regardless of race, religion, disability, linguistic need, sexual orientations, gender or age. Kilmood Playgroup will ensure the setting is genuinely accessible to all children and families from all sections of the local communities .

Aims Children to:

Values

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 2 of 14

Purpose:

Our Group is established to promote play based learning environments for all children aged 2 years 10 months to statutory school age (beneficiaries) of Kilmood and its surrounding environs in County Down (area of benefit) without distinction of age, gender, marital status, disability, sexual orientation, nationality, ethnic identity, political or religious opinion, by associating the statutory authorities, community and voluntary organisations and the inhabitants in common effort to advance education and in particular:

PUBLIC BENEFIT:

Direct benefits that flow for our ‘Purpose’ include:

These benefits are evidenced through:

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 3 of 14

STRUCTURE OF KILMOOD PLAYGROUP:

Management Committee:

During school year 2023/24, our management committee consisted of 12 members who were elected at our Annual General Meeting. Chairperson, Secretary and Treasurer being honorary members.

Below is a list of our members for 2023/24:

o Rosemary Osborne

o Alex Patterson

o Maxine Taylor

Trustees Annual Report

Kilmood Playgroup

YEAR: 2023/24

Page 4 of 14

Staff Members:

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 5 of 14

The Committee of Kilmood Playgroup greatly appreciates the seriousness of maintaining effective financial management to safeguard the smooth operational status of such a valued community playgroup. To support the management of the committee, two main policies are in place, which are paramount:

Reserves Policy

It states:

The management committee have set a reserves policy which requires:

It takes into account:

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 6 of 14

Fundraising Policy:

Fundraising is an integral part of Kilmood playgroup. It supports the overall development of the setting and is an integral part of our financial planning. Fundraising allows us to keep our fees to a minimum and enables us to make our playgroup accessible to all children.

The setting has implemented a fundraising policy to ensure committee members and staff have the appropriate authority to exercise powers and carry out certain actions for which they are personally accountable when they are dealing with fundraising. It is the responsibility of the management team and delegated staff to ensure that fundraising is in line with policies and procedures and promotes the aims and values of the setting.

The management team is accountable for all funds raised and for ensuring that the setting can respond appropriately to any additional funding requirements.

The management team will ensure that:

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 7 of 14

Fundraising Activities arranged by our Committee and Staff members:

----- Start of picture text -----
Fundraising Events 23/24 v 22/23
30,000
Receipts
25,000
20,000
Income
15,000
Cost
Receipts Income
10,000
5,000
Cost
-
2023/24 2022/23
Receipts Cost Income over Expenditure
----- End of picture text -----

Accumulated gross receipts generated from fundraising activities throughout this school year were £26,302 increase of £16,313 from last year (£9,989 - 22/23). This dramatical rise related to the celebration event of Kilmood Playgroup’s 50[th] anniversary and the re-introduction of our Tractor Run community initiative in partnership with Killinchy Young Farmers. Naturally our costs also grew from £996 to £11,753. Very pleasing to see our net fundraising resulted in £14,549 compared to last year £8,993. Further details below.

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 8 of 14

Snapshot of Net Fundraising Events 2023/24 (ie income less costs)

----- Start of picture text -----
Fundraising Events 2023/24
Summer Fayre
Sponsors Obstacle Course (kids)
School Photographs
Preloved - second hand uniform
Night at the Races
Halloween Pumpkin Patch
Easy Fundraising
Cookbooks
Cash for Clobber
Santa Cottage
50th Anniversary - Kilmood
Tractor Run
- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000
----- End of picture text -----

Fundraising Events:

This school year has been a whirlwind of successful fundraising events! Here's a summary of our accomplishments:

Halloween Pumpkin Patch: A new event that braved the rain and raised an impressive £810.50.

Santa Cottage Weekend: Tickets sold out in 24 hours! Special thanks to Michael & Connor who worked tirelessly managing the bookings. The event, complete with activities and Mabel's Coffee, raised a fantastic £3009.

The two-day event seen families visit Santa over in the cottage and take part in activities in the hall which was seasonally decorated. We also had the addition of Mabel’s Coffee this year which was a great hit.

Night at the Races: Despite a few hiccups, this first-time event was a fun night and raised a respectable £1000.

50th Anniversary Dinner: Held at the Clandeboye Lodge Hotel, this celebration, with its cake, displays, band, photobooth, ballot and auction, raised an outstanding £3790. Everyone danced the night away. Huge thanks to our local businesses and families who kindly donated beautiful gifts for our ballot

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 9 of 14

Sponsored Obstacle Course: The children's efforts raised a brilliant £1,070. Our children thoroughly enjoyed themselves climbing, rolling and jumping over the obstacle course having so much fun and at the same time raising much needed funds to support the running costs of our playgroup.

Classic Vehicle and Tractor Run (joint fundraiser): With 130 vehicles participating, this community event, in partnership with Killinchy Young Farmers, generated gross receipts of £3,695 before costs. Net receipts were split equally between the two groups.

Summer Fayre & Birthday Celebrations : Our families enjoyed a range of activities, including stalls, games, an obstacle course, a pedal tractor track, a rhyme and find, cream teas, and a BBQ. The children's 50th-anniversary artwork was also on display. Huge thanks to all our volunteers, bakers, and donations – very much appreciated. Fantastic net receipts £1,358.

Other smaller fundraising activities:

School Photographs: £206

Pre-loved Uniforms: £114

Cookery Book: £35

Easy Fundraising: £16

Cash for Clobber Bin: Families and neighbours continued to support our Cash for Clobber initiative from spring cleaning their wardrobes. A consistent source of funds, raising £1,695.

Overall, this has been an incredibly successful fundraising year!

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 10 of 14

Grant Applications:

All grants applied and received in 2023/24 were treated as ‘restricted’ income ie funds that can only be utilised for the purpose for which the grants were applied/intended for.

It is confirmed that funds were used for their intended purpose.

Restricted Funds - £2,267 - consisted of the following:

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 11 of 14

FINANCES:

As of 31[st] August 2024, financial accounts for Kilmood Playgroup reported a total receipt income of £107,307 (Aug 2023 £84,433) and total payments of £106,828 (Aug 2023 £86,149). School year 2023/24 has resulted in a breakeven situation (immaterial yearly balance of £479) when compared to last year a negative yearly balance was report of -£1,716 due to the continued aftermath of COVID.

Bank Balance at 31[st] August 2024 £34,023.

As of 31[st] August 24, there were no outstanding debts owed by Kilmood to any other suppliers/providers of service.

Receipts:

Receipts during this school year totalled £107,307 (£84,433 22/23) this is an increase of 27% ie: £22,874. There were 3 main elements which contributed to this significant uplift in receipts.

  1. Fundraising Receipts – as explained on pages 8 to 10 above, a staggering increase of £16,313 when comparing this year £26,302 to last year £9,989.

  2. Charitable trading receipts – a yearly increase of 14% ie: £9,131. In 2022/23 £67,359 v £76,490 2023/24. This £9,131 refers to:

  3. a. £7,223 received to cover SEN staff payroll.

  4. b. A receipt of £2,600 from EA re Non-Consolidated Funding.

  5. c. Education Authority – PEGS – additional £1,274 on last year £2,101 per child 22/23 which rose to £2,150 per child 23/24

  6. d. Afternoon session fees - 2023/24 was noticeably a low birth rate year – it is thought that COVID affected this statistic – this impacted on income stream from afternoon fees which dropped down by £1,971 when compared to previous year

  7. Grants – reduction in grant applications from £5,512 last year down to £2,267 this year. This was due to availability of COVID related grants in 22/23.

Trustees Annual Report

Kilmood Playgroup

YEAR: 2023/24

Page 12 of 14

Expenditure:

Accumulated Expenditure this year totalled £106,828 of which £2,267 represented spend associated with restricted grant funding. Looking back to last year 22/23 overall spend was £86,149. Inflated costs between these two years of £20,679 ie 24% was due to reduction in some areas offset by inflation in the following two categories:

  1. Direct Charitable Activity – rise of £12,385

  2. a. Staff salaries – jump of £10,298 in 23/24 (£72,810 v £62,512) additional staff member re SEN child – this payroll was funded as referenced in receipts 2a above. National Minimum Wage also influenced the increase in salaries as it grew from April 23 £10.42 per hour to £11.44 in April 24.

  3. Cost of Fundraising Activities – increase of £11,752

  4. a. Our two large fundraising events – 50[th] Anniversary and Tractor Run in partnership with Killinchy Young Farmers had considerable associated costs – these totalled almost £10k however they proved to be worthwhile events with the level of income they produced – see above fundraising section

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 13 of 14

TO CONCLUDE:

This has been another successful year for the Committee and Staff of Kilmood Playgroup as we have fully complied with our financial obligations in compliance with our Fundraising and Reserves policies. Our year end bank balance of £34,023 shows that we have exceeded our Reserve threshold limit of £22,000 by £12,023. We are pleased to confirm that Kilmood Playgroup is well equipped to continue with its core activity and should be able to uphold its operations during a period of unforeseen difficulty should it arise.

Signed by: M Taylor Maxine Taylor, Treasurer of Kilmood Playgroup, MIATI Dated: 07.02.25

OFFICIAL ADDRESS:

Kilmood Playgroup

28 Kilmood Church Road

Kilmood, Comber

Co Down BT23 6SA Tel No: 02897 541868

Kilmood Playgroup

Trustees Annual Report

YEAR: 2023/24

Page 14 of 14