Treasurer’s Annual Report
For the financial year 1 August 2024 – 31 July 2025
Owenkillew Parent & Toddler Group
Introduction
This report presents the financial activity of the Owenkillew Parent & Toddler Group for the year ending 31 July 2025. All figures are taken directly from Ulster Bank statements supplied for the period. The group maintained positive balances throughout the year and generated a substantial surplus mainly due to grant income received in February 2025.
Financial Summary
Opening bank balance (1 August 2024): £1,837.07
Total income received: £27943.70
Total expenditure: £11360.75
Surplus for the year: £16582.95
Expected closing balance: £18420.02
Actual closing balance (1 August 2025): £18,420.02
Income Overview
Income for the year totalled £27943.70. This included:
Regular small weekly payments from parents/carers.
A major grant payment of £19,550.00 received on 14 February 2025.
Additional small credits across November–December, January, February, April, and June.
Grant funding represented the majority of the year’s income and significantly strengthened the group’s financial position.
Expenditure Overview
Total expenditure for the year was £11360.75, covering:
Insurance payments made by monthly direct debit.
Operational costs paid via cheques, including materials, activities, and general running costs.
A large batch of cheques was issued in January 2025 covering multiple expenses related to programme delivery.
The overall level of expenditure was modest compared with income, contributing to a strong surplus.
Financial Position
The group generated a substantial surplus of £16582.95, reflecting:
Strong grant support
Moderate ongoing operational costs
Careful financial management throughout the year.
Conclusion
The Owenkillew Parent & Toddler Group is in a strong financial position, having generated a significant surplus during the year. Income was boosted by major grant funding while expenditure remained well‑controlled.
The financial statements were approved by the trustees and signed on behalf by:
Trustee