| Page | ||
|---|---|---|
| Charity Information |
||
| Report ofthe Management Commrttee |
||
| Independent Examiner's Report |
||
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements |
| Trustees | Edel Redmond | ||||
|---|---|---|---|---|---|
| Jenny Thompson | |||||
| Helen Carr | |||||
| Management | Committee | Jenny Thompson | (Chair) | ||
| Edel Redmond | (Treasurer) | ||||
| Jesmilla Sanoon | |||||
| Chloe Cameron | |||||
| Chariie May | |||||
| Emma Cameron | |||||
| Charity Registration | Number | 1026486 | |||
| Principal Offic | St. Mary's Church Greenlaw Street |
||||
| London | |||||
| SE185AR | |||||
| Independent | Examiner | C.Cooper FCCA Azets Audit Services Limited |
|||
| Greytown House |
|||||
| 221 —227 High | Street | ||||
| Orpington | |||||
| Kent BR6 QNZ | |||||
| Banker | Santander | ||||
| Bootle | |||||
| Merseyside | |||||
| GIR QAA |
| STATEMENT OF FIN FOR THE YEAR END |
ANCIAL AC ED 31 MAR |
TIVITIES CH 2022 |
|||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Notes | Funds | Total 2022 |
Total 2021 |
||
| 6 | 6 | ||||
| Income from: | |||||
| Charitable activities: Fees and nursery Grants receivable |
vouchers | 47,192 180,141 |
47,192 180,141 |
30,096 185,717 |
|
| Total income | 227,333 | 227,333 | 215,813 | ||
| Expenditure on: |
|||||
| Charitable activities: Provision of nursery care |
240,455 | 240,455 | 198,076 | ||
| Total expenditure | 240,455 | 240,455 | 198,076 | ||
| Net Income | (13,122) | (13,122) | 17,737 | ||
| Reconclgatlon offunds: |
|||||
| Total funds brought |
forward | 26,795 | 26,795 | 9,058 | |
| Total funds carried | forward | 13,673 | 13,673 | 26,795 |
| Notes | 2022 6 |
2021 6 |
|||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible fixed | assets | 1,797 | |||
| Current assets | |||||
| Cash at bank | and in |
hand | 14,476 | 29,154 | |
| 16,273 | 29,154 | ||||
| Creditors: Amounts due within one year |
falling | (2,600) | (2,359) | ||
| Net Con ent | assets | 13,673 | 26,795 | ||
| Net assets | 13,673 | 26,795 | |||
| FUNDS | |||||
| Unrestricted | Funds | 13,673 | 26,795 | ||
| 13,673 | 26,795 |
| 1.5 | Support costs allocation |
|---|---|
| Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use ofthe resources. |
|
| 1.6 | Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost mcludes costs directly attributable to making the asset capable of |
| operating as intended. | |
| Depreciation is provided on afi tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, ofeach asset on a systematic basis over its expected useful life as follows: |
|
| Computers and equipment —25%straight line |
|
| 1.7 | Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity ofthree months or less from the date of acquisifion or opening ofthe deposit or similar account. |
| 1.8 | Debtors and creditors receivable/payable within oneyear |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. |
|
| 1.9 | Corporation Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010and therefore it meets the definition ofa charitable company for UK corporation tax purposes. |
| 1.10 | Going concern |
| The financial statements have been prepared on a going concern basis as the hustees believe that no material uncertainties exist even after taking Covid into consideration. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient, after taking into consideration the change in staff and using apprentices to save money and cost reductions, with the |
|
| level ofreserves for the charity to be able to continue as a going concern. | |
| 1.11 | Judgements and key sources ofestimation uncertainty |
| Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the |
|
| circumstances. | |
| The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most signiTicant effect on amounts recognised |
|
| in the Iinancial statements: |
| INCOMEFROMCHARITABLE ACTIVITIES | ||
|---|---|---|
| 2022f | 2021f | |
| London Borough of Greenwich Other Grants JRS claim |
180,141 | 163,142 500 22,075 |
| 180,141 | 185,717 | |
| STAFF COSTS AND TRUSTEE' REMUNERATION | 2022 | 2021 |
| f | f | |
| Wages and salaries Social Security costs Recruitment |
152,018 4,180 303 |
150,266 3,698 151 |
| 156,501 | 154,115 |
| CHARITABLEEXPEN | DITURE | |||
|---|---|---|---|---|
| . | 2022 | 2021 | ||
| 6 | ||||
| Staff Costs Agency Staff Rent Nursery supplies Food & refreshments Depreciation Telephone, stationery Occupancy costs Insurance Payroll bureau Training New site set-up costs Miscellaneous Staff entertaining Subscriptions Governance |
& postage | 156,501 28,617 13,500 1,579 2,980 38 7,055 13,902 211 3,099 2,923 4,886 2,099 483 548 2,034 |
154,115 3,639 13,200 860 1,419 1,477 6,058 7,195 1,216 3,027 2,993 576 447 1,854 |
|
| 240,455 | 198,076 | |||
| 5. | GOVERNANCE COSTS |
2022 | 2021 | |
| 6 | 6 | |||
| Independent examination |
2,034 | 1,854 | ||
| 2,034 | 1,854 | |||
| 6. | TANGIBLE FIXED ASSETS | |||
| Computers | ||||
| an(l | ||||
| Equipment | ||||
| 6 | ||||
| Cost As at 1 April 2021 Additions |
35,795 37,630 |
|||
| As at 31 March 2022 | 37,630 | |||
| Depreciation As at 1 Apnl 2021 Charge for year |
35,795 38 |
|||
| As at 31 March 2022 | 35,833 | |||
| Net Book Values At 31 March 2022 |
1,797 | |||
| At 31 March 2021 |
| CREDITORS: Amounts falling due |
||
|---|---|---|
| due within one year | 2022 | 2021 |
| 6 | 6 | |
| Accruals | 2,039 561 |
1,854 505 |
| Other Creditors | ||
| 2,600 | 2,359 |
| Page | ||
|---|---|---|
| Charity Information |
||
| Report ofthe Management Commrttee |
||
| Independent Examiner's Report |
||
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements |
| Trustees | Edel Redmond | ||||
|---|---|---|---|---|---|
| Jenny Thompson | |||||
| Helen Carr | |||||
| Management | Committee | Jenny Thompson | (Chair) | ||
| Edel Redmond | (Treasurer) | ||||
| Jesmilla Sanoon | |||||
| Chloe Cameron | |||||
| Chariie May | |||||
| Emma Cameron | |||||
| Charity Registration | Number | 1026486 | |||
| Principal Offic | St. Mary's Church Greenlaw Street |
||||
| London | |||||
| SE185AR | |||||
| Independent | Examiner | C.Cooper FCCA Azets Audit Services Limited |
|||
| Greytown House |
|||||
| 221 —227 High | Street | ||||
| Orpington | |||||
| Kent BR6 QNZ | |||||
| Banker | Santander | ||||
| Bootle | |||||
| Merseyside | |||||
| GIR QAA |
| STATEMENT OF FIN FOR THE YEAR END |
ANCIAL AC ED 31 MAR |
TIVITIES CH 2022 |
|||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Notes | Funds | Total 2022 |
Total 2021 |
||
| 6 | 6 | ||||
| Income from: | |||||
| Charitable activities: Fees and nursery Grants receivable |
vouchers | 47,192 180,141 |
47,192 180,141 |
30,096 185,717 |
|
| Total income | 227,333 | 227,333 | 215,813 | ||
| Expenditure on: |
|||||
| Charitable activities: Provision of nursery care |
240,455 | 240,455 | 198,076 | ||
| Total expenditure | 240,455 | 240,455 | 198,076 | ||
| Net Income | (13,122) | (13,122) | 17,737 | ||
| Reconclgatlon offunds: |
|||||
| Total funds brought |
forward | 26,795 | 26,795 | 9,058 | |
| Total funds carried | forward | 13,673 | 13,673 | 26,795 |
| Notes | 2022 6 |
2021 6 |
|||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible fixed | assets | 1,797 | |||
| Current assets | |||||
| Cash at bank | and in |
hand | 14,476 | 29,154 | |
| 16,273 | 29,154 | ||||
| Creditors: Amounts due within one year |
falling | (2,600) | (2,359) | ||
| Net Con ent | assets | 13,673 | 26,795 | ||
| Net assets | 13,673 | 26,795 | |||
| FUNDS | |||||
| Unrestricted | Funds | 13,673 | 26,795 | ||
| 13,673 | 26,795 |
| 1.5 | Support costs allocation |
|---|---|
| Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use ofthe resources. |
|
| 1.6 | Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost mcludes costs directly attributable to making the asset capable of |
| operating as intended. | |
| Depreciation is provided on afi tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, ofeach asset on a systematic basis over its expected useful life as follows: |
|
| Computers and equipment —25%straight line |
|
| 1.7 | Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity ofthree months or less from the date of acquisifion or opening ofthe deposit or similar account. |
| 1.8 | Debtors and creditors receivable/payable within oneyear |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. |
|
| 1.9 | Corporation Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010and therefore it meets the definition ofa charitable company for UK corporation tax purposes. |
| 1.10 | Going concern |
| The financial statements have been prepared on a going concern basis as the hustees believe that no material uncertainties exist even after taking Covid into consideration. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient, after taking into consideration the change in staff and using apprentices to save money and cost reductions, with the |
|
| level ofreserves for the charity to be able to continue as a going concern. | |
| 1.11 | Judgements and key sources ofestimation uncertainty |
| Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the |
|
| circumstances. | |
| The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most signiTicant effect on amounts recognised |
|
| in the Iinancial statements: |
| INCOMEFROMCHARITABLE ACTIVITIES | ||
|---|---|---|
| 2022f | 2021f | |
| London Borough of Greenwich Other Grants JRS claim |
180,141 | 163,142 500 22,075 |
| 180,141 | 185,717 | |
| STAFF COSTS AND TRUSTEE' REMUNERATION | 2022 | 2021 |
| f | f | |
| Wages and salaries Social Security costs Recruitment |
152,018 4,180 303 |
150,266 3,698 151 |
| 156,501 | 154,115 |
| CHARITABLEEXPEN | DITURE | |||
|---|---|---|---|---|
| . | 2022 | 2021 | ||
| 6 | ||||
| Staff Costs Agency Staff Rent Nursery supplies Food & refreshments Depreciation Telephone, stationery Occupancy costs Insurance Payroll bureau Training New site set-up costs Miscellaneous Staff entertaining Subscriptions Governance |
& postage | 156,501 28,617 13,500 1,579 2,980 38 7,055 13,902 211 3,099 2,923 4,886 2,099 483 548 2,034 |
154,115 3,639 13,200 860 1,419 1,477 6,058 7,195 1,216 3,027 2,993 576 447 1,854 |
|
| 240,455 | 198,076 | |||
| 5. | GOVERNANCE COSTS |
2022 | 2021 | |
| 6 | 6 | |||
| Independent examination |
2,034 | 1,854 | ||
| 2,034 | 1,854 | |||
| 6. | TANGIBLE FIXED ASSETS | |||
| Computers | ||||
| an(l | ||||
| Equipment | ||||
| 6 | ||||
| Cost As at 1 April 2021 Additions |
35,795 37,630 |
|||
| As at 31 March 2022 | 37,630 | |||
| Depreciation As at 1 Apnl 2021 Charge for year |
35,795 38 |
|||
| As at 31 March 2022 | 35,833 | |||
| Net Book Values At 31 March 2022 |
1,797 | |||
| At 31 March 2021 |
| CREDITORS: Amounts falling due |
||
|---|---|---|
| due within one year | 2022 | 2021 |
| 6 | 6 | |
| Accruals | 2,039 561 |
1,854 505 |
| Other Creditors | ||
| 2,600 | 2,359 |