REGISTERED CHARITY NUMBER: 1019154
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
SUTTON CENTRE UNDER FIVES
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
SUTTON CENTRE UNDER FIVES
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Statement of Financial Position | 8 | ||
| Notes to the Financial Statements | 9 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
SUTTON CENTRE UNDER FIVES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
The activities provided include all kinds of creative activities using paint, glue, clay, dough, junk material, creative movement to music, design and construction. We also use sand, water, measuring scales to promote learning of quantity, capacity and volume.
We promote physical skills inside and outside by the use of equipment such as bikes, scooters, stepping stones, balls, balance beam, climbing frames, slide and parachute.
Fine finger skills are developed through threading, cutting, spreading, drawing, painting constructing, baking etc.
Role play is provided in the home corner with a large selection of dressing up clothes and resources etc.
Computer skills are catered for with a good selection of educational games.
Mathematical concepts are provided for by using all kinds of mathematical equipment and resources.
We also have a well stocked book corner.
Volunteers
Volunteers are used on a day to day basis within nursery and also for supervision purposes for childrens' trips made for educational purposes.The donated cost has not been recognised within the accounts.
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SUTTON CENTRE UNDER FIVES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE Charitable activities
Shauna Denman left the setting in May 2020. Helen Stinson left the setting in June 2020 and Melanie Hickman left in February 2021. We warmly welcomed Stacey Miller Younger in October 2020 and Aimee Beddows in February 2021. Shannon Sludds was appointed temporarily.
Shelley Denby was appointed deputy manager in February 2021, following Melanie Hickman's resignation. Aimee Beddows was appointed SENDCO.
From April to September 2020, (including March 2020) the setting was closed due to the national lockdown due to Covid 19. Staff worked from home completing courses and paperwork.
When we returned in September 2020, the session times changed from morning and afternoon sessions to one session a day 9am-2. This was due to not being able to do a thorough clean in between sessions.
Children now bring a packed lunch. Parents have commented on how they prefer the times now and also the children have adapted well to lunch times.
During the year we have attended the following training courses as follows:
-
The Prevent duty
-
Effective use of the Early Years Pupil Premium - Providing a healthy food environment in an early years setting - Level 2 Food Safety - Reflective practice in an early years setting Level 2 - SEND Code of Practice - Equality and inclusion in Early Years settings - Theories underpinning the EYFS Level 2 - Introduction to Yoga - Characteristics of effective leaders - Characteristics of effective teaching and learning - Supporting Early Language - Getting to grips with the EYFS - Being Safe: Effective first aid management in your setting - Sustained shared thinking - Managing your Early Years inspection - Female Genital Mutilation - Speech, language and communication - Infection prevention and control in an Early Years setting - Effective safeguarding practice - Supporting SENCO in early years - Being a keyworker in an early years setting - The importance of self-evaluation - Understanding children's rights - Effective transition and emotional wellbeing in Early Years - Creating an effective communication and Language environment - Cultural Capital - The role of the Trustees - Marketing your Early Years Service Level 2 - Social Media marketing for Early Years settings - Understanding and addressing behaviour - Improving children's learning through play - Paediatric first aid - Paediatric first aid home learning - NCFE CACHE Level Certificate in Understanding Safeguarding and Prevent - Child Protection investigations - NSCP working together to safeguard children - Part 1
-
SENCO Network
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SUTTON CENTRE UNDER FIVES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Staff were unable to complete face to face termly parents meetings so did them by phone and by written reports.
Our usual Father's Day and Mother's Day parties couldn't go ahead due to Covid but the children made gifts and cards for their relatives.
We held Unicorn and Halloween parties. We held a Christmas party and parents came at an allocated time to see their children outside in the Santa's Grotto. Presents were purchased by Nursery.
Fees increased to £15 a session.
Early Years Pupil Premium has been spent on a staff training and resources for the setting..
We continue to run a library scheme throughout the term for children to pick a book and take it home.
We continue to run a breakfast club on Friday sessions.
Covid 19 has had a huge financial impact on nursery. We were still allocated Government funding which covered staff wages throughout the Pandemic. However, we have been limited on fundraising, had no fees coming in for months and numbers have been low due to parents wanting to keep their children at home during the Pandemic. The manager and deputy were told to shield due to health issues and therefore worked from home.
We held an outdoor graduation in July 2020 and children were given an individual time slot to come with their parents.The children were presented with a scroll, a memory book, their online Tapestry Journal and a Sutton Centre Under 5's personalised teddy bear.
At Easter, the children were presented with a wooden Easter Bunny with a chocolate egg.
Fundraising activities
For Easter, we did an online raffle which raised £220
In June, we had a £50 donation from a parent of a child who was leaving in July 2020.
We held an online raffle in November to win an Elf on the Shelf balloon, which raised £53.
Christmas fundraising for raffles, calendars, party food and sales of Reindeer hot chocolate cones raised a total of £458
In August 2020, we applied for a Covid 19 Support Grant from The Early Years Alliance and were successful with our application. We received £750, with which we developed our garden and outside area.
FINANCIAL REVIEW
Principal funding sources
Our main source of funding is the Nottinghamshire County Council "Nursery Education Funding." We receive funding each term from the term after a child's 3rd birthday. We also receive government funding for 2 year olds who qualify for the 2 year old entitlement; this is dependent upon on individual family's financial circumstances. A session fee of £15 is required if a child does not meet the entitlement criteria. A further main source of income on which we rely is fundraising by the committee, staff, parents and the local community, although, as mentioned above, opportunities have been limited this year by the national lockdown.
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SUTTON CENTRE UNDER FIVES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
Reserves policy
We have reviewed the pre-school's need for reserves, in line with guidance issued by the Charity Commission, to ensure that the charity is able to operate during periods of lower income (e.g. a source of income not being renewed), or to ensure funds can be set aside for future expenditure.
The trustees understand that uncertainties may be faced in the future and that there is a need to hold reserves where future income alone is unlikely to meet costs. We recognise that trustees need to be able to justify the holding of income as reserves as Charity Law requires any income received be spent within a reasonable period of receipt.
The Reserves Policy is a working document that will be reviewed annually as part of our financial planning.
The trustees have determined that, as with all business functions, there is an inherent risk of liability through trading, Therefore, we aim to hold £40,000 in reserves, as well as in the bank account, to protect the charity against unexpected emergency expenditure. This includes, but is not limited to:
-
Ensure there are sufficient cash reserves in the current account to cover day to day running costs, including staff training and staff meetings.
-
Replace equipment as it wears out and carry out necessary maintenance.
-
Closure due to unexpected damage to our rented premises or for any other reason.
-
Unexpected drop in income.
-
Redundancy payments after closure of business.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The trustees are appointed annually at the Annual General Meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1019154
Principal address
Sutton Centre High Pavement Sutton in Ashfield Nottinghamshire NG17 1EE
Trustees
Mrs H J Halfpenny Mrs S Worthington
Independent Examiner
M. Stafford FCCA Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
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SUTTON CENTRE UNDER FIVES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Approved by order of the board of trustees on 20 January 2022 and signed on its behalf by:
Mrs S Worthington - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUTTON CENTRE UNDER FIVES
Independent examiner's report to the trustees of Sutton Centre Under Fives
I report to the charity trustees on my examination of the accounts of Sutton Centre Under Fives (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
M. Stafford FCCA Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
21 January 2022
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SUTTON CENTRE UNDER FIVES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 1,185 - Charitable activities 4 Fees 250 - Vouchers 75,040 - Other trading activities 3 1,205 - Total 77,680 - EXPENDITURE ON Raising funds 489 - Charitable activities Staff costs 69,236 - Play equipment 2,323 - Depreciation 830 - Consumables 120 - Repairs and cleaning 412 - Office costs 9,080 - Total 82,490 - NET INCOME/(EXPENDITURE) (4,810) - RECONCILIATION OF FUNDS Total funds brought forward 55,890 - TOTAL FUNDS CARRIED FORWARD 51,080 - |
2021 2020 Total Total funds funds £ £ 1,185 333 250 3,250 75,040 75,512 1,205 3,017 77,680 82,112 489 1,793 69,236 81,381 2,323 2,437 830 830 120 1,038 412 1,087 9,080 6,230 82,490 94,796 (4,810) (12,684) 55,890 68,574 51,080 55,890 |
|---|---|
The notes form part of these financial statements
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SUTTON CENTRE UNDER FIVES
STATEMENT OF FINANCIAL POSITION
31 MARCH 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 3,680 - CURRENT ASSETS Cash at bank and in hand 51,158 - CREDITORS Amounts falling due within one year 8 (3,758) - NET CURRENT ASSETS 47,400 - TOTAL ASSETS LESS CURRENT LIABILITIES 51,080 - NET ASSETS 51,080 - FUNDS 9 Unrestricted funds TOTAL FUNDS |
2021 2020 Total Total funds funds £ £ 3,680 4,510 51,158 55,318 (3,758) (3,938) 47,400 51,380 51,080 55,890 51,080 55,890 51,080 55,890 51,080 55,890 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2022 and were signed on its behalf by:
H J Halfpenny - Trustee
The notes form part of these financial statements
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SUTTON CENTRE UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Grants received
Grants of a revenue nature are taken to income in the year to which they relate.
continued...
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SUTTON CENTRE UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. DONATIONS AND LEGACIES
| 2021 £ Donations 155 Grants 1,030 1,185 Donations and legacies are made up of cash donations from parents of children attending nursery. Grants received, included in the above, are as follows: 2021 £ Other grants 1,030 3. OTHER TRADING ACTIVITIES 2021 £ Fundraising events 1,205 4. INCOME FROM CHARITABLE ACTIVITIES 2021 Activity £ Fees Fees 250 Vouchers Vouchers 75,040 75,290 |
2020 £ 333 - 333 2020 £ - 2020 £ 3,017 2020 £ 3,250 75,512 |
|---|---|
| 78,762 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
Operating expenses of nil and £130 were reimbursed to H. Halfpenny and S Worthington respectively during the year (2020: £17 and £27 respectively).
continued...
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SUTTON CENTRE UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 6. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable activities Governance No employees received emoluments in excess of £60,000. 7. TANGIBLE FIXED ASSETS COST At 1 April 2020 Disposals At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year Eliminated on disposal At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
2021 2020 £ £ 68,271 78,677 - 1,254 965 1,225 69,236 81,156 2021 2020 6 6 1 1 7 7 Fixtures and fittings £ 8,306 (1,500) 6,806 3,796 830 (1,500) 3,126 3,680 4,510 |
|---|---|
continued...
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SUTTON CENTRE UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Taxation and social security | 363 | 740 | |
| Other creditors | 3,395 | 3,198 | |
| 3,758 | 3,938 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,890 | (4,810) | 51,080 |
| TOTAL FUNDS | 55,890 | (4,810) | 51,080 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,680 | (82,490) | (4,810) |
| TOTAL FUNDS | 77,680 | (82,490) | (4,810) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,574 | (12,684) | 55,890 |
| TOTAL FUNDS | 68,574 | (12,684) | 55,890 |
9. MOVEMENT IN FUNDS
continued...
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SUTTON CENTRE UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,112 | (94,796) | (12,684) |
| TOTAL FUNDS | 82,112 | (94,796) | (12,684) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,574 | (17,494) | 51,080 |
| TOTAL FUNDS | 68,574 | (17,494) | 51,080 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 159,792 | (177,286) | (17,494) | |
| TOTAL FUNDS | 159,792 | (177,286) | (17,494) | |
| 10. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2021.
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SUTTON CENTRE UNDER FIVES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 155 | 333 |
| Grants | 1,030 | - |
| 1,185 | 333 | |
| Other trading activities | ||
| Fundraising events | 1,205 | 3,017 |
| Charitable activities | ||
| Fees | 250 | 3,250 |
| Vouchers | 75,040 | 75,512 |
| 75,290 | 78,762 | |
| Total incoming resources | 77,680 | 82,112 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fundraising events | 489 | 1,793 |
| Charitable activities | ||
| Wages | 68,271 | 78,677 |
| Social security | - | 1,254 |
| Pensions | 965 | 1,225 |
| Sundries | 698 | 654 |
| Play equipment | 2,323 | 2,437 |
| Food | 56 | 472 |
| 72,313 | 84,719 | |
| Support costs | ||
| Management | ||
| Fixtures and fittings | 830 | 830 |
| Governance costs | ||
| Rent, rates, light and heat | 3,893 | 2,613 |
| Insurance | 360 | 425 |
| Telephone | 746 | 381 |
| Postage and stationery | 746 | 855 |
| Sundries | 538 | 437 |
| Accountancy and legal fees | 1,422 | 1,656 |
| Repairs and renewals | 1,153 | 1,087 |
| 8,858 | 7,454 |
This page does not form part of the statutory financial statements
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SUTTON CENTRE UNDER FIVES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Total resources expended | 82,490 | 94,796 |
| Net expenditure | (4,810) | (12,684) |
This page does not form part of the statutory financial statements
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