| Briefstatement of charity's policy on |
the reserves |
Our« ~e~erves policy covers: an allowance for the annual differences in ming between monthly costs and less frequent local authority EarlY ears funding payments; (ong-term liabiiity for staff sickness (SSP);the need to cover a child's medical care needs for a year with additional staff ifthese costs are not covered by the local authority; the need to replace a large Piece ofequipment, the need to cover a new initiative for a limited Period ofterm (e.g. a new session while it establishes); cover for all liabilities ifwe went into insolvency, as weil as a small amount should any ofthe above be higher than planned. Total reserves policy is F32,000. |
|---|---|---|
| pl group finished the 2020/21 financial year with a net profit ofE3,958. |
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| Further financial review details |
(Optional information) |
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| You may choose lo | include | Our main sources ofincome are: |
| additional information, where relevant about: |
~ Local authority early years funding (this is our principal source of funding). |
|
| ~ the charity's principal |
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| sources offunds | (including | ~ Charging for hours not covered by government funding. |
| any fundraising); | ||
| ~ how expenditure has supported the key objectives |
~ We ask a voluntary contribution ofF1 per funded hour for non fee- paying children and about 80%ofparents pay this. |
|
| ofthe charity; | ||
| ~ investment policy |
and | ~ Fundraising/donations. |
| objectives including any ethical investment policy adopted. |
Our highest cost is that ofour staff, some 80%ofour fixed costs and this supports our aim of providing high quality care and education for the children who attend our setting. |
|
| As our costs are usually in line with our earnings, we do not have an |
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| investment portfolio. We hold a current account and a business savings |
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| account. |
| INCOMM, | |||||
|---|---|---|---|---|---|
| Fees | |||||
| LEAf'undlng | 8046 | 2854 | |||
| Voluntary contributions |
25846 | 29312 | |||
| Fundraising | 4471 | 2635 | |||
| Donations | 2629 | 1822 | |||
| Grants | 5333 | 2885 | |||
| Restricted use donation Igrant Bank interest |
1094 360 |
1686 100 |
|||
| INilk costs reclaimed | 4 | 30 | |||
| 0 | 141 | ||||
| 47773 | 41573 | ||||
| LES EXPEN RE |
|||||
| Salaries and wages Employer pension contributions Rent INilk costs Consumables Equipment Fundraising costs Gifts |
34984 687 3333 87 700 606 386 354 |
34495 670 2747 84 847 581 235 61 |
|||
| Training | 186 | 172 | |||
| Insurance ICompliance IOfsted | 811 | 816 | |||
| Advertising and website costs |
606 | 240 | |||
| Trips and educational | visits | 4 | 0 | 0 | |
| Accountancy and payroll costs |
5 | 356 | 3M | ||
| Sundry expenses | 6 | 800 | 0 | ||
| 43815 | 41256 | ||||
| NET INCOME FOR THE YEAR | E | 3958 | 317 |
| f021 | 2020 | ||
|---|---|---|---|
| CURRENT AS ETS | |||
| Barclays current Barclays premium Petty cash |
account account |
22838 18337 128 |
188&6 18328 126 |
| ACCUIIULATED | FUND | 41288 | 37340 |
| Accumulated | funds brought forward | 37340 | 37023 | |
|---|---|---|---|---|
| Net income | forthe year | 3858 | 317 | |
| R | 41288 | 37340 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 1 Conaumables Resources --art and craft materials, |
319 | ||||
| food ingredients, | plantinglseeds | etc | 7 | 0 | |
| Postage Printer ink and stationery |
114 40 |
171 20 |
|||
| Telephone costs Janitorial, PPE and |
first aid supplies | 149 13 |
179 67 |
||
| Snack costs | 57 | 0 | |||
| Staff welfare | |||||
| E | 700 | ||||
| 2 Equipment | 67 | 0 | |||
| Bamboo chutes | 11 | 0 | |||
| Flash cards | 10 | 0 | |||
| Visual keyrings | 65 | 0 | |||
| Rainbow playcloths | &pegs | 453 | 0 | ||
| Garden dimbing frame | 0 | 157 | |||
| Wally boot rack | 0 | 252 | |||
| Chairs | 0 | 39 | |||
| Telephone | 0 | 26 | |||
| Pedal bins | 0 | 31 | |||
| Books | 0 | 75 | |||
| Toys | |||||
| 606 | 581 |
| INCOMM, | |||||
|---|---|---|---|---|---|
| Fees | |||||
| LEAf'undlng | 8046 | 2854 | |||
| Voluntary contributions |
25846 | 29312 | |||
| Fundraising | 4471 | 2635 | |||
| Donations | 2629 | 1822 | |||
| Grants | 5333 | 2885 | |||
| Restricted use donation Igrant Bank interest |
1094 360 |
1686 100 |
|||
| INilk costs reclaimed | 4 | 30 | |||
| 0 | 141 | ||||
| 47773 | 41573 | ||||
| LES EXPEN RE |
|||||
| Salaries and wages Employer pension contributions Rent INilk costs Consumables Equipment Fundraising costs Gifts |
34984 687 3333 87 700 606 386 354 |
34495 670 2747 84 847 581 235 61 |
|||
| Training | 186 | 172 | |||
| Insurance ICompliance IOfsted | 811 | 816 | |||
| Advertising and website costs |
606 | 240 | |||
| Trips and educational | visits | 4 | 0 | 0 | |
| Accountancy and payroll costs |
5 | 356 | 3M | ||
| Sundry expenses | 6 | 800 | 0 | ||
| 43815 | 41256 | ||||
| NET INCOME FOR THE YEAR | E | 3958 | 317 |
| f021 | 2020 | ||
|---|---|---|---|
| CURRENT AS ETS | |||
| Barclays current Barclays premium Petty cash |
account account |
22838 18337 128 |
188&6 18328 126 |
| ACCUIIULATED | FUND | 41288 | 37340 |
| Accumulated | funds brought forward | 37340 | 37023 | |
|---|---|---|---|---|
| Net income | forthe year | 3858 | 317 | |
| R | 41288 | 37340 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 1 Conaumables Resources --art and craft materials, |
319 | ||||
| food ingredients, | plantinglseeds | etc | 7 | 0 | |
| Postage Printer ink and stationery |
114 40 |
171 20 |
|||
| Telephone costs Janitorial, PPE and |
first aid supplies | 149 13 |
179 67 |
||
| Snack costs | 57 | 0 | |||
| Staff welfare | |||||
| E | 700 | ||||
| 2 Equipment | 67 | 0 | |||
| Bamboo chutes | 11 | 0 | |||
| Flash cards | 10 | 0 | |||
| Visual keyrings | 65 | 0 | |||
| Rainbow playcloths | &pegs | 453 | 0 | ||
| Garden dimbing frame | 0 | 157 | |||
| Wally boot rack | 0 | 252 | |||
| Chairs | 0 | 39 | |||
| Telephone | 0 | 26 | |||
| Pedal bins | 0 | 31 | |||
| Books | 0 | 75 | |||
| Toys | |||||
| 606 | 581 |