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Bristol Association for Neighbourhood Daycare Ltd Report of the Board of Management and Independently Examined Financial Statement for the Year ended 31st March 2024
Company Reg. No. 2784577 Charity Reg. No. 1017307
Origin of the Organisation
The Bristol Association for Neighbourhood Daycare Ltd (BAND Ltd) is a registered charity that promotes the provision of care facilities for children outside of school hours. It was established in 1978 in response to the Finer Joint Action Committee report, which recognised that one of the most basic needs for working / training parents is to care for school aged children outside of school hours. Such facilities enable parents /carers to work or train full time, thus supporting the family unit to become independent, support the local economy and offer a safe and stimulating place for children to go.
Governing Document
BAND Ltd is a charitable company limited by guarantee, incorporated on 28[th] January 1993 and registered as a charity on February 11 1993. The company was established under a memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is governed by a management Committee. All Members retire each year at the Annual General Meeting but are eligible for re-election. No person can hold the office of Chairperson for more than 3 years in succession. Members of the Management Committee are Directors of the company and Charity Trustees and guarantee to contribute £1 in the event of the winding up of the company. There were nine guarantors as at 31[st] March 2024.
The Board of Management
Those who served on the Board of Management and as Trustees during this period were as follows:
Sandra Meadows Concetta Marotta Rebecca Clevett Alice Webber Wendy Weston Cassie Holland Sharon Carstairs Izzy Ruddick Ashley Stanton
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The Board of Management’s Responsibilities
All members of the Management Committee are advised of their responsibilities both as Trustees of the charity and as directors of the Limited company. Company law requires the board who are also charity trustees to prepare financial statements of each financial year which gives a true and fair view of the company affairs and of the surplus or deficit of the company for the period. The Board is required to:
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select suitable accounting policies and apply them consistently
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make judgement and estimates that are reasonable and prudent
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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prepare the financial statements on a going concern basis unless it is inappropriate to assume that the company will continue on that basis
The Board is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for the taking reasonable steps for the prevention of fraud and other irregularities.
Organisational Structure
The Management Committee meet at intervals of approximately one month to consider reports on the operation of the organisation and to decide on any policy or management issues which may have arisen. In addition, various Members, through appointment to sub committees or personal involvement, assist in the direction and management of the organisation. The elected Chairperson and other members are regularly contacted for the support and assistance in dayto-day operations.
The company currently employs 8 staff and has approximately 150 autonomous member groups that provide service to approximately 10,000 families. Member groups offer direct services to children and young people in the Bristol area. Affiliated members offer indirect services to children, young people and their families, or are based outside the Bristol area and share BAND’s overall aims and have an interest in the field of play, childcare and related services.
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Risk Management
The Management committee and senior staff maintain a careful oversight of the Organisation's financial and administrative procedures in order to identify and rectify any weaknesses. Consideration is also given to the risks which might arise from the current financing of the organisation. Systems and procedures exist to minimise the risks the charity faces. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions. Policies and procedures are in place to ensure compliance with the health and safety of staff, volunteers and visitors and users of the service as far as the charity may be liable.
How Our Activities Deliver Public Benefit
Our main activities and who we try to help are listed below and are undertaken to further our charitable purpose for the public benefit.
Services Provided By BAND Ltd
Demand for our services clearly shows that high quality, accessible childcare remains a basic need for many parents / carers, in particular lone parents and those on low incomes. Sustaining these childcare services in the current economic climate with many parents struggling with the cost of living crisis, means that while demand for childcare is high, providers are still dealing with the financial impact of the pandemic, Brexit and the resulting recruitment crisis and as a result scrutinising the viability of their services.
Through our active participation in network and fora locally and regionally BAND promotes high quality childcare, in addition we have supported members by offering the following services:
Development Support
A comprehensive range of advice and support for new childcare providers or those wishing to expand their existing childcare services, including: market research, locating premises, forming a management body, Ofsted registration compliance and other legislative requirements, financial planning and budgetary support, generating income from fundraising, fees and grants from charitable trusts, central and local government.
Maintaining High Standards
BAND supports members in meeting and exceeding minimum legal standards through a range of over 250 model policies and procedures covering topics including: safeguarding and promoting children’s welfare, premises and equipment, organisation and documentation. BAND's staff support members in developing and implementing these model policies to ensure they are appropriate to their setting and that their services are run to the highest standards. Full member groups are monitored annually to ensure standards are being maintained and are supported through financial health checks, post AGM checks and regular liaison with the settings management and staff. Our close liaison with Bristol City Council’s Early Years Consultants (EYC’s) team allow us to track their Quality Improvement Framework grades and offer complementary or additional support as appropriate. Childcare providers are offered PreOfsted inspection checks to ensure they are legally compliant and meet expected standards.
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Employment Of Staff
BAND offers support with recruitment and selection of staff, interview procedures, drafting of job descriptions, induction and supervision programmes and meeting legislative requirements. We also accept recruitment adverts for publication on our website and promotion through our social media, mailings to members and display in the foyer of our building.
Funding Support
Members can access support from BAND staff to assist with their fundraising and long term financial sustainability. We can offer advice on fees and salary structures, assist with the preparation of budgets, financial forecasts, the implementation of appropriate financial procedures and the drafting of funding applications. In addition, members can access our funding database of nearly over 150 trusts and charities that support services to children and young people. Details of new funding sources and ideas appear in each issue of BAND News and our ‘Funding Your Way’ guide available on our website offers support and advice on generating income.
Training
We offer a comprehensive range of training courses to support continuous professional development covering a broad range of topics in the field of playwork and childcare, including: Child Protection, First Aid, Makaton and Inclusion. In total 55 courses were offered during the year, offering nearly 750 places of which 90% were booked and 95% of participants attended, many courses being full with lengthy waiting lists within days of being advertised. Since the beginning of the pandemic in 2020 c.50% of BAND’s course have been offered online.
Workshops
We delivered 20 workshops for Out of School settings on the topics of Origami and Clay. Attended by more than 400 children the workshops were very well received with each setting being left with a ‘goodie bag’ of equipment to allow staff and children to continue with the activity and develop it further.
Insurance
Full members can access employer's liability, public liability and contents insurance with additional cover available on request.
Criminal Records Checks
BAND is a contracted umbrella organisation to the Disclosure & Barring Service (DBS) and can offer DBS checks to members wishing to check paid or voluntary staff who are not covered by statutory checking requirements. We are currently processing around 30 checks per month for approx. 50 organisations. We kept up to date with changing requirements of the DBS system and planned changes and cascaded this information to providers via direct mailing, BAND News and social media.
Loan Equipment
A library of around 400 titles on subjects relevant to play and childcare is available on loan to member groups. There is also a small stock of play equipment which includes: giant Jenga, Connect 4, Ker-Plunk and Snakes and Ladders, Mehendhi, Milagros and Encaustic Art Kits, Sport Bags and Musical Instruments, Sewing and Pond Dipping kits. Successful fundraising efforts during the year have allowed us to replace and add to this bank of equipment.
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Mediation and Crisis Support
Advice and signposting for members when things go wrong, available by phone and email during office hours with personal visits often out of hours by request.
Networking
Local, regional, national and international news via a bi-monthly publication BAND News, an e- bulletin with hard copies available on request. In addition, we've published regular information mailings, email alerts and updates on the BAND website. We continue to develop a social media profile and have a growing number of followers/views on Facebook, Twitter, Blogger and YouTube.
Investment Policy
Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are no funds available for long term investments. At present funds are retained in an interest bearing bank account from which operating expenses are withdrawn daily.
Reserves Policy
It is the policy of the Management Committee to achieve and maintain a level of ‘free reserves’ sufficient to allow the organisation to continue in operation for a short time in the event of any loss of current contracts, while seeking alternative finance. A realistic level of reserves for this purpose is considered to be between two to six months gross expenditure (£75,241 to £225,726 for 2023/24). Free reserves at 31 March 2023 amounted to £238,340.
Financial Review
Expenditure during 2023/24 amounted to £451,446 [2023: £425,555] against total income of £478,201 [2023: £442,165] resulting in a net surplus of £26,755 [2023: surplus of £19,610].
The General Revenue Reserve was £138,340 in surplus at 31[st] March 2024 [2023: £101,969] while the level of other designated reserves was £100,000 [2023 £100,000]. The net total of free reserves at 31[st] March 2024 was therefore £238,340 [2023: £201,969] which exceeds the Reserves Policy of BAND Ltd referred to previously in this Report.
A set of accounts is included in the Annual Report and the statutory accounts are available on request.
Achievements and Performance
Overall demand for all our services has continued to be high, with many providers struggling to maintain services following the ending of lockdown restrictions but growing pressure from the cost of living crisis. Many also face the challenge of a recruitment crisis meaning they are struggling to recruit and retain staff while costs steadily increase due to rising inflation.
The Development and Support Team continued to work with settings and individuals across the Private, Voluntary, Independent and Maintained Sectors. Our Annual Member's Survey showed that 93% of those accessing support from BAND’s D&S team rated them as Very Good or Excellent.
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Although there was no allocation of funding by Bristol City Council in this year for the general development of childcare places due to financial restraints, BAND supported providers to develop 84 new early years places and 280 out of school places across the city in Nurseries, Pre-schools, Afterschool Clubs and Holiday Playschemes. A total of 364 new childcare places were created, the vast majority resulting from providers expanding their services, Our Annual Member's Survey showed that 100% of those accessing start up support from BAND’s rated it as Very Good or Excellent.
We have supported setting’s staff and management groups with a whole range of issues including recruitment and selection of staff, policy reviewing, budgeting and safeguarding.
In addition to this BAND has continued to be involved in a number of other major pieces of work. We've worked closely with the City Council over the development and rollout of their Safeguarding Audit and the rollout of their Childcare Sufficiency Assessment for the Out of School sector. We continued to take an active role in the City Council Project Group to oversee and implement the fourth year rollout of c.1.8 million pounds of government funding as part of the Holiday Activities & Food (HAF) initiative, supporting children in receipt of free school meals during the 2023-24 school holidays. We also delivered safeguarding training to support staff working in HAF funded settings and undertook monitoring of service delivery in HAF settings.
We've liaised closely with Bristol City Council's Early Years Consultants team which has allowed us to identify providers who may need additional support and target joint or complementary action with the EYC team. We've also been active partners in the Councils’ Recruitment and Retention Forum, working with key regional players aiming to develop and implement strategies to tackle the recruitment crisis.
We have supported groups to ensure that they continue to offer provision of the highest quality whilst being affordable for parents and enjoyable for children. To support this we’ve continued to play an active role in the Bristol Standard for Play, acting as mentors, directly supporting the sign up of providers to this Quality Assurance system, offering guidance and advice through the submission process and working on the development of the Outdoor Space audit.
We saw a steady number of applications for membership and as a result agreed and welcomed 10 new members.
Our enthusiastic and dedicated voluntary Management Committee, worked hard throughout the year to manage the overall running of the organisation.
Plans for Future Periods
We will continue to maintain services and develop new ones in responses to the changing demands of the play and childcare sectors. Service delivery will be based on take up of and feedback from existing services offered and undertaken with close liaison with the local authority and other key partners.
New services will reflect emerging trends, local, regional and national initiatives and legislative changes.
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All service delivery and development will recognise the current and projected economic climate and work to ensure that services are sustainable. To this end we will continue to try and diversify our funding base.
Statement Of The Management Committee
Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out above.
In accordance with company law, as company’s directors, the Management Committee certify that:
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So far as they are aware, there is no relevant information of which the company’s independent examiner is unaware, and
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As directors of the company they have taken all the steps that they ought to have taken in order to make themselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information
Independent examiner
The independent examiner has expressed their willingness to be re-appointed.
Approved by the Board of Management and signed on their behalf by
Wendy Jane Weston[Sane][Weston] |[Werady] Signed by: ………………………….........Director. ………………………….... Signed 7150DC709F194A1...
Date: 5/12/2024
Bankers: Lloyds Ltd: Independent Examiner: 102, Regent Street, Dick Maule, Kingswood, The Cross House Bristol South Woodchester BS12 2HT GL5 5EL
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Independent Examiner's Report to the Trustees of Bristol Association for Neighbourhood Daycare Limited
I report on the accounts of the company for the year ended 31[st] March 2024 which are set out on pages 9 to 18.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because | am a member of The Institute of Chartered Accountants England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dick Maule FCA F6189C9FO6DD4D5... The Cross House, South Woodchester GL5 5EL Date 6/12/2024
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Bristol Association for Neighbourhood Daycare Limited
Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. March 2024
| Unrestricted Restricted Total Funds Funds Funds Notes 2024 2024 2024 £ £ £ Income Donations 80 - 80 Membership 4,581 - 4,581 Investment income 8,542 - 8,542 Training, refunds and other income 24,509 30,381 54,890 Income from charitable activities Grants and contracts 266,610 148,498 415,108 Total Income 304,322 178,879 483,201 Expenditure [8] Charitable activities 251,578 184,011 435,589 Fund raising 15,857 - 15,857 Total Expenditure 267,435 184,011 451,446 Net income/[expenditure] 36,887 (5,132) 31,755 Reconciliation of funds Transfers between reserves (516) 516 - Total funds brought forward 201,969 187,443 389,412 Total funds carried forward 238,340 182,827 421,167 |
2023 £ 5,161 5,284 2,370 66,871 362,479 442,165 407,414 15,141 422,555 19,610 - 369,802 389,412 |
|---|---|
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Bristol Association for Neighbourhood Daycare Limited
| Balance Sheet as at 31st. March 2024 | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||
| Notes | £ | £ | £ | £ | £ | ||
| Fixed assets | |||||||
| Tangible assets | (3) | - | 277 | ||||
| Current assets | |||||||
| Debtors and prepayments | (4) | 40,203 | 3,430 | ||||
| Cash at bank and in hand | 405,133 | 411,430 | |||||
| 445,336 | 414,860 | ||||||
| Current liabilities | |||||||
| Creditors: amounts falling | |||||||
| due within 12 months | (6) | (24,169) | (25,725) | ||||
| Net Current assets | 421,167 | 389,135 | |||||
| Net assets | 421,167 | 389,412 | |||||
| Unrestricted funds | (2) | ||||||
| General Funds | 138,340 | 101,969 | |||||
| Designated Funds | 100,000 | 100,000 | |||||
| Restricted funds | (2) | 182,827 | 187,443 | ||||
| Total Funds | 421,167 | 389,412 |
For the year ended 31st March 2024:
The company was entitled to the exemption from audit under section 477[2] of the Companies Act 2006
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard [FRS]102.
The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of the accounts.
The financial statements were approved and authorised for issue by the trustees on dated:-
Wendy Jane Weston and signed on their behalf by: ........................... dated:5/12/2024 On behalf of the Trustees ...............................[Sare][Weston] |[Werady] Signed by:
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Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(1) Principal Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year except for SORP compliance changes.
(a) Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
(b) Fund accounting
[i] Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
[ii]Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
[iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Income
Income is included in the statement of financial activities when the charity
is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
[i] Income received by way of grants, donations and gifts and is included in full
in the Statement of Financial Activities when receivable. Grants, where entitlement is not
conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
[ii] Donated services and facilities are included at the value to the charity where this can be quantified.
[iii]The value of services provided by volunteers has not been included in these accounts.
[iv] Investment income is included when receivable.
[v]Income from charitable trading activity are accounted for when earned.
[vi]Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered
[i]Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
[ii] Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them [iii]All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
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Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(1) Principal Accounting Policies
(e) Fixed assets
Tangible assets are written off over the expected useful life of the asset on the straight line basis at 20% per annum. Tangible assets with an acquisition value below £1,500 are written off in the year of acquistion.
(f) Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
(g) Pensions
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the the contribution payable by the charitable company during the year.
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Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(2) Movements in funds
| (2) Movements in funds | |||||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| 1st. April | Balance | 31st. March | |||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated Fund | |||||
| Consultancy and professional fees | 14,000 | - | - | - | 14,000 |
| Maternity, sickness and redundancy | 86,000 | - | - | - | 86,000 |
| 100,000 | - | - | - | 100,000 | |
| General Fund | 101,969 | 304,322 | (267,435) | (516) | 138,340 |
| Restricted funds | |||||
| Playworkers Forum | 6,829 | - | (155) | - | 6,674 |
| PAWS | 17,848 | 5,705 | (8,013) | - | 15,540 |
| DBS | 1,284 | - | - | - | 1,284 |
| CC/CM Training | 3,742 | - | (210) | - | 3,532 |
| Training | 31,102 | 18,974 | (24,474) | 8,791 | 34,393 |
| L3 Playworker | 3,044 | 2,200 | (2,229) | - | 3,015 |
| A2YO - dev rev fund | 43,382 | - | - | - | 43,382 |
| Bristol Standard | 12,350 | - | (3,366) | - | 8,984 |
| Playful Bristol | 1,879 | - | - | - | 1,879 |
| Trust Grants | 3,378 | - | (263) | - | 3,115 |
| Training Officer | 17,913 | - | (9,122) | (8,791) | - |
| Playful Bristol Lottery | 3,600 | 9,600 | (12,810) | - | 390 |
| LA CPD | 17,706 | 60,000 | (75,955) | - | 1,751 |
| Sensory Equipment | 5,754 | - | (118) | - | 5,636 |
| Sensory Truck | 11,350 | - | (4,848) | - | 6,502 |
| ACF | 3,973 | 65,800 | (42,448) | - | 27,325 |
| Inclusion Training | - | 16,600 | - | 516 | 17,116 |
| Closed Group donations | 2,309 | - | - | - | 2,309 |
| 187,443 | 178,879 | (184,011) | 516 | 182,827 |
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Docusign Envelope ID: 6E9CBD5F-7B9A-4780-9279-3C1E8B71821A
Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(2) Movements in funds: prior year comparatives
| Balance | Balance | ||||
|---|---|---|---|---|---|
| 1st. April | Balance | 31st. March | |||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated Fund | |||||
| Consultancy and professional fees | 38,000 | - | - | (24,000) | 14,000 |
| Maternity, sickness and redundancy | 86,000 | - | - | - | 86,000 |
| 124,000 | - | - | (24,000) | 100,000 | |
| General Fund | 53,176 | 303,709 | (278,916) | 24,000 | 101,969 |
| Restricted funds | |||||
| Playworkers Forum | 7,174 | - | (345) | - | 6,829 |
| PAWS | 7,498 | 12,850 | (2,500) | - | 17,848 |
| DBS | 1,284 | - | - | - | 1,284 |
| CC/CM Training | 4,122 | - | (380) | - | 3,742 |
| Training | 17,110 | 22,872 | (8,880) | - | 31,102 |
| L3 Playworker | 3,124 | 1,215 | (1,295) | - | 3,044 |
| A2YO - dev rev fund | 46,907 | - | (3,525) | - | 43,382 |
| Bristol Standard | 15,631 | - | (3,281) | - | 12,350 |
| Playful Bristol | 1,472 | 807 | (400) | - | 1,879 |
| Trust Grants | 17,494 | 7,124 | (1,327) | (19,913) | 3,378 |
| Training Officer | - | - | - | 17,913 | 17,913 |
| Playful Bristol Lottery | - | 10,800 | (7,200) | - | 3,600 |
| LA CPD | 33,221 | 70,288 | (85,803) | - | 17,706 |
| Sensory Equipment | 5,754 | - | - | - | 5,754 |
| Sensory Truck | 11,350 | - | - | - | 11,350 |
| ACF | 18,176 | 12,500 | (28,703) | 2,000 | 3,973 |
| Closed Group donations | 2,309 | - | - | - | 2,309 |
| 192,626 | 138,456 | (143,639) | - | 187,443 |
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Docusign Envelope ID: 6E9CBD5F-7B9A-4780-9279-3C1E8B71821A
Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(3) Tangible Assets
| equipment £ Cost: balance brought forward 54,555 additions - 54,555 Depreciation balance brought forward 54,278 charge for the year 277 54,555 Net book value at 31st. March 2024 - Net book value at 31st. March 2023 277 (4) Debtors 2024 £ Sundry prepayments and debtors 40,203 (5) Capital commitments and contingent liabilities There are none at 31st March 2024. (6) Creditors and accruals VAT 16,161 Trade Creditors 6,608 Accruals 1,400 24,169 (7) Status The company is a registered charity [no. 1017307] and a company imited by guarantee [no. 02784577] |
2023 £ 3,430 18,340 6,235 1,150 25,725 |
|---|---|
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Docusign Envelope ID: 6E9CBD5F-7B9A-4780-9279-3C1E8B71821A
Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(8) Expenditure
Wages Conferences, workshops and meetings Refreshments Police checks and agency costs Equipment (non capital) Training courses delivery Miscellaneous expense Rent and rates Heat & light Cleaning and Janitoral Postage, stationery & printing Staff and volunteer training Telephone Photocopier I T Support Publications Depreciation Expense Insurance Expense Accounts, bookkeeping & payroll Professional Fees Bank Charges Grants / donations to groups Premises maintenance Irrecoverable VAT Access to Childcare Independent examination Fund raising |
Total Total 2024 2023 £ £ 268,178 254,574 474 331 780 706 5,913 9,266 538 206 45,213 38,767 839 1,783 17,933 27,584 2,560 4,274 1,380 1,410 865 1,335 129 562 1,148 2,596 3,870 4,201 5,914 5,591 143 1,088 277 334 17,079 14,593 4,788 3,533 2,364 1,200 86 87 9,122 - 887 2,496 1,811 1,344 42,448 28,703 850 850 435,589 407,414 15,857 15,141 |
|---|---|
16
Docusign Envelope ID: 6E9CBD5F-7B9A-4780-9279-3C1E8B71821A
Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
| (9) Employee information Number of employees The average weekly number of employees during the year were calculated on the basis of average weekly head counts. No employee received emoluments of more than £60,000. Salaries and wages Pension costs Social security costs |
2024 9 £ 241,725 9,392 17,061 268,178 |
2023 9 £ 229,330 8,836 16,408 254,574 |
|---|---|---|
Key management personnel
The total employee benefits of key management personnel were £75,041 [2023: £72,496]
| (10) Related party and Trustee information | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trustees remuneration and expenses | - | - | |||
| The trustees received no remunerations and were | not involved in | any related party transaction. | |||
| (11) Analysis of net assets between funds | |||||
| General | Designated | Restricted | |||
| Funds | Funds | Funds | Total | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | - | - | - | - | |
| Current assets | 162,509 | 100,000 | 182,827 | 445,336 | |
| Current liabilities | (24,169) | - | - | (24,169) | |
| Net assets at 31st March 2024 | 138,340 | 100,000 | 182,827 | 421,167 |
17
Docusign Envelope ID: 6E9CBD5F-7B9A-4780-9279-3C1E8B71821A
Bristol Association for Neighbourhood Daycare Limited
Notes to the accounts for the year ended 31st. March 2024
(12) Prior year SOFA
Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. March 2023
| Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 £ £ £ Income Donations 3,661 1,500 5,161 Membership 5,284 - 5,284 Investment income 2,370 - 2,370 Training, refunds and other income 39,619 27,252 66,871 Income from charitable activities Grants and contracts 252,775 109,704 362,479 Total Income 303,709 138,456 442,165 Expenditure [8] Charitable activities 263,775 143,639 407,414 Fund raising 15,141 - 15,141 Total Expenditure 278,916 143,639 422,555 Net income/[expenditure] 24,793 (5,183) 19,610 Reconciliation of funds Transfers between reserves - - - Total funds brought forward 177,176 192,626 369,802 Total funds carried forward 201,969 187,443 389,412 |
2022 £ 1,505 5,339 136 42,081 360,161 409,222 424,554 14,664 439,218 (29,996) - 399,798 369,802 |
|---|---|
18