**REGISTERED CHARITY NUMBER: 1019154**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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 2022**
|||**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 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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.
Page 1
**SUTTON CENTRE UNDER FIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
There have been no changes in staffing which has meant constancy for the setting and especially the children.
Linda has taken on the role as Language Lead.
Charlotte Mason has completed her Childcare level 2 and is now an apprentice, working towards her Level 3.
Charlotte Mason and Stacey Miller-Younger are now outdoor provision coordinators.
During the year we have attended the following training courses as follows: - The Prevent duty - Providing a healthy food environment in Early Years' Setting - Equality and Inclusion in Early Years settings - NSCP Introduction to Safeguarding - Supporting Early Language - Getting to grips with EYFD (New) - Being Safe: Effective First Aid Management in your setting - Female Genital Mutilation - Speech, language and communication - Infection prevention and control in an Early Years setting - Effective safeguarding practice - Supporting SENCO in early years - Understanding childrens rights - Effective transition and emotional wellbeing in Early Years - Cultural Capital - Understanding and addressing behaviour - NSCP Child protection Investigations - NSCP working together to safeguard children Level 3 - Effective transition and emotional wellbeing - NSCP Domestic Abuse - SEND Code of Practice Level 2 - Paediatric First Aid - New to the role of language lead. Session 1 - Child Protection: Responsibilities of the Designated Safeguarding Lead - Certificate in Autism Awareness - NCFE CACHE Level 2 Certificate for the children and young people's workforce (Charlotte Mason) - SENDCO Conference - Radicalisation and Extremism Assessment - Staying Safe Online - What you can trust - British values - Autism Friendly Settings - DSL Safeguarding and Child Protection - Awareness of child abuse and neglect - Additional abuses and digital safeguarding
Staff completed face to face termly parents' meetings to talk about the children's progress.
For Mother's Day, the children made gifts and a card and the staff prepared an afternoon tea for them to eat together at home. There were staff shortages; therefore the afternoon tea couldn't go ahead as originally organised.
For Father's Day, the children made a gift and a card for Dads or an alternative male relative (depending upon family dynamics).
We held our Halloween party, where the children dressed up and we played party games. 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.
Page 2
## **SUTTON CENTRE UNDER FIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
We held a graduation ceremony in July 2021. The children were presented with a scroll, a memory book, their online Tapestry journal and a Sutton Centre Under 5's memory frame was made for the children. The children wore caps and gowns.
At Easter, the children were presented with a chocolate egg which was donated by a company called 'Gift of Christmas'.
## **Fundraising activities**
For Easter, we did an online raffle which raised £133. We also send out a sponsored humpty dumpty form for children to do which raised £241.
We sold ice-creams at the White Post Farm roadshow which made £17.80.
We held a sponsor autumn bag collection and raised a total of £355.84.
Christmas fundraising for raffles, donations, party food and sales of reindeer hot chocolate cones was total of £408.
We did some Chinese food tasting to celebrate the Chinese New Year and donations of £13.00 were given towards the food.
For Mother's Day donations were made towards the children's and Mum's afternoon tea take aways which raised £6.
## **FINANCIAL REVIEW**
## **Financial position**
We have noticed a huge fall in finances. This we feel is due to several things:
- Increase in minimum wage,
- Government funding not increasing to cover staff wages/staff ratios,
- Changing sessions to one session per day is limiting us on how many children we can have. (This had to be changed due to Covid).
- We have applied for grants but have been rejected as so many charities are asking for help since the impact of Covid.
## **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.
Page 3
## **SUTTON CENTRE UNDER FIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **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
Page 4
**SUTTON CENTRE UNDER FIVES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
Approved by order of the board of trustees on 23 February 2023 and signed on its behalf by:
Mrs S Worthington - Trustee
Page 5
## **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 2022.
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
23 February 2023
Page 6
## **SUTTON CENTRE UNDER FIVES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|Unrestricted Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**553**
**-**
**Charitable activities**
4
Fees
**1,720**
**-**
Vouchers
**49,525**
**-**
Other trading activities
3
**1,924**
**-**
**Total**
**53,722**
**-**
**EXPENDITURE ON**
Raising funds
**897**
**-**
**Charitable activities**
Staff costs
**65,757**
**-**
Play equipment
**2,346**
**-**
Depreciation
**830**
**-**
Consumables
**388**
**-**
Repairs and cleaning
**730**
**-**
Uniforms
**180**
**-**
Office costs
**4,773**
**-**
**Total**
**75,901**
**-**
**NET INCOME/(EXPENDITURE)**
**(22,179)**
**-**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**51,080**
**-**
**TOTAL FUNDS CARRIED FORWARD**
**28,901**
**-**|**2022**
2021
**Total**
Total
**funds**
funds
**£**
£
**553**
1,185
**1,720**
250
**49,525**
75,040
**1,924**
1,205
**53,722**
77,680
**897**
489
**65,757**
69,236
**2,346**
2,323
**830**
830
**388**
120
**730**
412
**180**
-
**4,773**
9,080
**75,901**
82,490
**(22,179)**
(4,810)
**51,080**
55,890
**28,901**
51,080|
|---|---|
The notes form part of these financial statements
Page 7
## **SUTTON CENTRE UNDER FIVES**
## **STATEMENT OF FINANCIAL POSITION**
## **31 MARCH 2022**
|Unrestricted Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
**2,850**
**-**
**CURRENT ASSETS**
Cash at bank and in hand
**29,446**
**-**
**CREDITORS**
Amounts falling due within one year
8
**(3,395)**
**-**
**NET CURRENT ASSETS**
**26,051**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**28,901**
**-**
**NET ASSETS**
**28,901**
**-**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|**2022**
2021
**Total**
Total
**funds**
funds
**£**
£
**2,850**
3,680
**29,446**
51,158
**(3,395)**
(3,758)
**26,051**
47,400
**28,901**
51,080
**28,901**
51,080
**28,901**
51,080
**28,901**
51,080|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 February 2023 and were signed on its behalf by:
H J Halfpenny - Trustee
The notes form part of these financial statements
Page 8
**SUTTON CENTRE UNDER FIVES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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...
Page 9
## **SUTTON CENTRE UNDER FIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **2. DONATIONS AND LEGACIES**
|**2022**
**£**
Donations
**553**
Grants
**-**
**553**
Donations and legacies are made up of cash donations from parents of children attending nursery.
Grants received, included in the above, are as follows:
**2022**
**£**
Other grants
**-**
**3.**
**OTHER TRADING ACTIVITIES**
**2022**
**£**
Fundraising events
**1,924**
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
**2022**
Activity
**£**
Fees
Fees
**1,720**
Vouchers
Vouchers
**49,525**
**51,245**|2021
£
155
1,030
1,185
2021
£
1,030
2021
£
1,205
2021
£
250
75,040|
|---|---|
||75,290|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
Operating expenses of £91 was reimbursed to S Worthington respectively during the year (2021:£130).
## **6. STAFF COSTS**
|Wages and salaries
Other pension costs|**2022**
**£**
**64,918**
**839**
**65,757**|2021
£
68,271
965|
|---|---|---|
|||69,236|
continued...
Page 10
## **SUTTON CENTRE UNDER FIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **6. STAFF COSTS - continued**
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 2021 and 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|**2022**
2021
**5**
6
**1**
1
**6**
7
Fixtures
and
fittings
£
**6,806**
**3,126**
**830**
**3,956**
**2,850**
3,680
**2022**
2021
**£**
£
**-**
363
**3,395**
3,395
**3,395**
3,758|
|---|---|
|||
|||
continued...
Page 11
## **SUTTON CENTRE UNDER FIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **9. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**|||
|---|---|---|
||Net||
||movement|At|
|At 1.4.21|in funds|31.3.22|
|£|£|£|
|**Unrestricted funds**|||
|General fund
**51,080**|**(22,179)**|**28,901**|
|**TOTAL FUNDS**
**51,080**|**(22,179)**|**28,901**|
|Net movement in funds, included in the above are as follows:|||
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|**Unrestricted funds**|||
|General fund
**53,722**|**(75,901)**|**(22,179)**|
|**TOTAL FUNDS**
**53,722**|**(75,901)**|**(22,179)**|
|**Comparatives for 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|
|Comparative 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)|
continued...
Page 12
## **SUTTON CENTRE UNDER FIVES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.20|in funds|31.3.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,890|(26,989)|28,901|
|**TOTAL FUNDS**|55,890|(26,989)|28,901|
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|131,402|(158,391)|(26,989)|
|**TOTAL FUNDS**|131,402|(158,391)|(26,989)|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 13
## **SUTTON CENTRE UNDER FIVES**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
||2022|2021|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**553**|155|
|Grants|**-**|1,030|
||**553**|1,185|
|**Other trading activities**|||
|Fundraising events|**1,924**|1,205|
|**Charitable activities**|||
|Fees|**1,720**|250|
|Vouchers|**49,525**|75,040|
||**51,245**|75,290|
|**Total incoming resources**|**53,722**|77,680|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Fundraising events|**897**|489|
|**Charitable activities**|||
|Wages|**64,918**|68,271|
|Pensions|**839**|965|
|Sundries|**751**|698|
|Play equipment|**2,412**|2,323|
|Food|**249**|56|
||**69,169**|72,313|
|**Support costs**|||
|**Management**|||
|Fixtures and fittings|**830**|830|
|**Governance costs**|||
|Rent, rates, light and heat|**860**|3,893|
|Insurance|**438**|360|
|Telephone|**411**|746|
|Postage and stationery|**331**|746|
|Sundries|**195**|538|
|Accountancy and legal fees|**2,132**|1,422|
|Repairs and renewals|**638**|1,153|
||**5,005**|8,858|
This page does not form part of the statutory financial statements
Page 14
**SUTTON CENTRE UNDER FIVES**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
||2022|2021|
|---|---|---|
||£|£|
|Total resources expended|**75,901**|82,490|
|**Net expenditure**|**(22,179)**|(4,810)|
This page does not form part of the statutory financial statements
Page 15