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← The Mall Nursery And Creche

2022-03-31-accounts

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The Mall Nursery and Creche

Registered Charity Number 1031348

TRUSTEES’ ANNUAL REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Miller & Co Chartered Accountants Statutory Auditors 5 Imperial Court Laporte Way Luton, Bedfordshire LU4 8FE

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The Mall Nursery and Creche
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CONTENTS

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Letter from our Chair Pages 1-2
Treasurer’s Report Page 3
Charity Trustees and
Administrative Information Page 4
Trustees’ Report Pages 5-18
Independent Examiner’s Report Page 19-20
Financial Statements Pages 21-30
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CHAIRPERSON’S REPORT 2021/2022

Every year can be challenging, however, emerging from a pandemic is a major challenge. The Nursery has been key in supporting community projects during this time as well as having to support children and families to get back to “normal.” First and foremost, | must thank all of the staff for their hard work and support of the children, families and community during what has been a very difficult time. This has been led by a strong management team.

What follows is a summary of what has been happening at the nursery over the last year. For further details for each section please refer to the Trustee’s report and the Treasurer's report.

The effects of the Pandemic

As the Pandemic progressed the nursery continued to operate, sometimes on reduced numbers and always for the key workers in the community. The community support then went on to include providing resources for the food bank, and care packages for families and the homeless.

Achievements

The Nursery achieved the Green Flag Eco Award this year. This has helped the staff and children to be more aware of the environment and the things that can affect it. The main focus was on Biodiversity, Healthy Lifestyles and Waste. There were lots of changes made to enable us to achieve this award, this includes better access to recycling, development ofthe outside area, involving the community[in] collecting items for recycling and changing the taps in the children’s bathrooms to prevent water waste.

Development of nursery resources

The Nursery has more defined areas, and long-lasting storage and room dividers have been purchased to facilitate this. The resources have been extended t the under-twos room. During my visits, | have also noticed that the activities for the children extend to everyday materials and natural resources.

Visits

| have visited the Nursery many times during the past year both announced and unannounced. The nursery is always busy, and the children are engaged in various activities. | have not had any concerns regarding the management, staff members or children. | have observed the interaction between the parents and staff and this is always friendly and professional. At every visit, Tammy updates me on anything | need to know. The children often speak to me and are inquisitive. This is a testament to the setting and staff within it.

Students

The Nursery has been very helpful in supporting the local colleges with industry placements for childcare students. This is valuable for both sides but particularly gives us the opportunity to influence the workforce of the future.

Targets

The targets that were set last year have mostly been achieved where possible and have been impressed with the level of training that has taken place and the impact that this has had in the setting. The possibility of additional space will allow the nursery

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

to develop further and to continue to provide support to families and other aspects of the local community. It is clear that there are clear plans for the coming year and | look forward to working with the leadership team to support them in achieving these.

Once again | would like to thank the team for their hard work over the past year. | look forward to the developments in the year ahead.

Yvette Watson Chairperson

20 January 2023

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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TREASURER'S REPORT 2021/2022

The financial year for The Mall Nursery & Creche runs from April 1$ to March 315

Covid restrictions in England were not fully lifted until February 2022 however children numbers far exceeded our forecast for the year ending March 2022 which increased our grant income. Fees for extended stay or occasional drop children were slightly down on forecast.

The year continued to have its difficulties with lingering illnesses and operating restrictions but Tammy, Michele and the team were able to maintain the full service and provide for the additional children. Expenses increased in line with increased numbers, and we had some additional costs to upgrade our IT systems but overall, the service generated a greater than expected operating surplus, which puts the Nursery in a strong position to plan for our expansion programme in the coming year.

The Mall Nursery & Creche continues to remain viable, giving a first class, value for money, service to the people of Luton.

| would like to thank our independent examiners, Miller & Co for their services, advice and support.

Crk! Brian McFarland Honorary Treasurer 20 January 2023

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

CHARITY TRUSTEES & ADMINISTRATIVE INFORMATION

Management Committee Officers

Management Committee members

Nursery Staff

Bankers

Independent Examiner

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

The trustees present their report along with the financial statements of the charity for the financial year ended 31st March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s constitution, the Charities Act and 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 published in October 2019.

Structure, Governance and Management

The Mall Nursery and Créche is an unincorporated charity registered in England and Wales, constituted under the Early Years Alliance Model Pre-school Constitution 2011 dated September 2012.

The trustees comprise management committee officers and management committee members as shown on the Charity Trustees and Administrative Information page. Management committee members are elected by members of the charity (parents of users of the Nursery) at the Annual General Meeting each year. Trustees also have the power to co-opt additional trustees as defined in the constitution.

The management committee has the power to raise money, employ staff, fix fees and make payments for the charity. The committee employed a manager, and a deputy manager to administer the day to day running of the charity, although the management committee retains overall authority in administering the charity finances and decisionmaking processes. As a nursery, we work closely with the local authority who monitor the input of the partner agencies involved in delivering the additional services from the nursery, they and the Early Years Alliance also act as advisors to our management committee.

Remuneration of key management and bonuses to all staff is set by the Personnel & Finance Committee consisting of the Chairman, Secretary and Treasurer. This subcommittee also carries out performance reviews of key personnel. Salaries are set using information from local settings as well those in the local authority. The total salaries costs for the setting are then fed into the budget for the coming year to ensure there is viability and sustainability.

Trustees’ Induction and Training

Induction for new members of the management committee includes meetings with existing management committee officers and members, and information on governance, powers and responsibilities, recent minutes, annual report, our trust deed and the Charity Commission’s guidance including “The Essential Trustee: What you Need to Know” and “Public Benefit”. Management committee members are supported by training and advice from Early Years Alliance. Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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Risk Management

The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

The major financial risks identified by the charity trustees are a fall in numbers of children and families attending.

Monitoring of numbers, a marketing strategy and close working relationship with the local authority will minimise these risks.

Good management is also important as an Ofsted inspection resulting in a less than ‘Good’ rating can mean immediate withdrawal of two-year-old funding. Management regularly attend training and assess each other's work.

Our setting aims to:

Our mission is to:

Our responsibilities and work

Public Benefit

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The focus of our work continues to be: -

Free nursery education is provided for ages 3+ and qualifying 2-year olds via the government’s schemes. Additional care is available at low cost and is payable by the hour (Currently £5.00/hr). Deposits and payment in advance are NOT required making childcare both flexible and affordable to meet the needs of parents/carers in our community.

Our Community

Activities, Achievements and Performances.

Following on from the pandemic and as the Coronavirus situation unfolds, we asked the question: could our reactions to Covid-19 give us positive outcomes for the charity. Due to a range of business support measure being made available, our core services, the day care nursery, education sessions and the creche continue to operate successfully. Our education session provides places for 120, 3-4-year-olds and we now have 48 places available for 2+ children. The coronavirus pandemic has disrupted the life of every child, in the context of school closures. We learnt new ways to work with our families to ensure children were provided with remote learning, to ensure we reduced inequalities and to provide support to families to reduce tension and pressure in relation to money worries and poverty.

For vulnerable and priority families who required additional support during these times, nursery provided small care packages in the form of, food; nappies; milk; toilet roll; toiletries and the essentials needed to ensure minimal disruptions to family life. We were able to do this from the support of an organisation called ‘In Kind Direct’ who focus on distributing consumer products at a reduced cost to charitable organisations, to support people experiencing financial hardship, hygiene poverty, domestic abuse, and unemployment.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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Parents reviews:
Katie W W (Mother of child) “Brilliant nursery. | had 5 of my my children attend this
my youngest youngest and my niece both currently attend... Lovely staff and and a great help
| needed them”.
Sarah L (Mother of child) “The best nursery | have ever put my kids into. My kids
so happy there. The staff are amazing... If | could give it more than 5 stars |
The amount of support support | got, and it still continues, | wouldn’t be where be where where | am
you to Tammy & Michele & the staff team’. team’.
Throughout this year we we also supported local community projects such as the
Food Bank. Providing them will a small donation of tinned food with a pound
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Parents reviews:

Katie W W (Mother of child) “Brilliant nursery. | had 5 of my my children attend this nursery, my youngest youngest and my niece both currently attend... Lovely staff and and a great help when | needed them”. Sarah L (Mother of child) “The best nursery | have ever put my kids into. My kids are so happy there. The staff are amazing... If | could give it more than 5 stars | would. The amount of support support | got, and it still continues, | wouldn’t be where be where where | am today thank you to Tammy & Michele & the staff team’. team’.

Throughout this year we we also supported local community projects such as the Luton Food Bank. Providing them will a small donation of tinned food with a pound coin attached to each tin, which were donated into the nursery by our service service users friends and families.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

We also provided small food bags/packages to the individuals around The Mall Shopping Centre in Luton who are currently experiencing homelessness.

We are very proud to say our setting is now more eco-friendly as we managed to achieve our Green Flag Eco Award on 3% of June 2021.

The Green Flag Eco Award is an international accreditation which has recognised and rewarded young people’s environmental actions for over 25 years. The programme provides a framework for learning and actions around 10 Topics. Settings pick three topics for their first Green Flag Award and then five topics each time you renew your Green Flag. Eco-Schools is a seven-step framework that thousands of schools, nurseries, and colleges around the world use to introduce, manage and complete environmental actions in their organisation and local community.

The Seven Eco-Schools steps are designed to make environmental actions pupil led. Working through each of the seven steps to achieve the Eco-Schools Green Flag accreditation.

The three topics our setting chose to work on were:

Biodiversity — This linked to the subject areas of: Understanding the World; Communication; Mathematics. The Children took part in the topic: ‘New life, plants, and insects. The children made bees and sunflowers out of paper plates and discussed how bees are the most effective pollinators, the importance of them and how they make the world happy. Children made their own worlds using the salad spinner and paint and discussed what in the world makes them happy. Staff taught the children about, how bees visit plants to collect pollen to stock their nest and how they visit lots of plants. The children also took part in planting flowers that attract bees and butterflies to take home to add to their gardens or balconies.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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Healthy Lifestyles — This linked to the subject areas, Communication, Understanding the World, physical development, and Mathematics. The children took part in planning different types of seeds such as, runner beans, cress, and sunflowers to take home to watch them grow and to care for them at home. We also planted fruit trees in our outside area to teach children that fruit grows on trees not just brought from the supermarket. We also introduced a ‘wake and shake’ and a ‘jump and jive’ activity into our session to support children to be more activity and reach the 180 minutes that is expected for young children to achieve a day. During activities staff talked to the children about healthy choices and the importance of physical activity in contributing to good health. Fresh drinking water is also available to the children throughout the session and staff encourage children to drink more water especially in the warmer weather.

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Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Children also had the opportunity to pick the crops they had grown in the outside area, to enjoy for snacks and to use as resources in the home corner to extend their play and develop they knowledge, understanding, skills and vocabulary.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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We have continued to develop the outside area by adding more natural resources and extra planters. Which has enhanced the outside area to allow children to plant and grow on a much bigger scale. We will continue to develop this area into the future to enhance children’s learning experiences by providing more forest school activities.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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This links to the subject areas: Communication and Language and
and emotional development. We have now introduced more recycling
children and staff to recycle more and to reduce waste. We also
to bring in empty boxes, containers, and jars to reuse in our home
going to be recycled. We also asked the wider community to donate
bottles in exchange for a free creche session voucher. We also
to donate their old clothes and redistribute what we can to our
keep what we we can for spare clothing or pass it on to the charity shop.
changed all our taps to push button taps to ensure taps are not left
children and switch off by themselves. We also changed all our
lighting to ensure lights are off in unused areas of the the setting.
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Waste — This links to the subject areas: Communication and Language and Personal, social, and emotional development. We have now introduced more recycling bins to encourage children and staff to recycle more and to reduce waste. We also ask our parents to bring in empty boxes, containers, and jars to reuse in our home corner before going to be recycled. We also asked the wider community to donate 30 empty plastic bottles in exchange for a free creche session voucher. We also encourage our parents to donate their old clothes and redistribute what we can to our parents that need it, keep what we we can for spare clothing or pass it on to the charity shop. We have changed all our taps to push button taps to ensure taps are not left running by the children and switch off by themselves. We also changed all our lighting to sensor lighting to ensure lights are off in unused areas of the the setting.

Francis the Eco- Schools Coordinator said “I think what you are doing is just perfect really — it's getting very young children used to the ides that we can grow things and look after things. | would just like to say I think your action plan is just perfect — despite very young children not always being able to lead the programme, you have thought about how you will involve them and their families in all aspects of what you plan, which is exactly what we want from a nursery”. Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

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We continue to update the nursery equipment — due to the new units and archways having a positive impact on development and learning. We purchased similar community playthings units and archways for the 2+ room to enhance their learning environment.

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Staff continue to access a range of different training courses to enhance their knowledge and understanding to develop practice, such as ‘In safe hands’; ‘What is it like to be a 2yr old’, and ‘The Journey to Foundations. The staff also updated their core training such as, Safeguarding; Prevent; Female Genital Mutilation; Food hygiene; food allergy and intolerance and Paediatric First aid. The setting now also has three staff fully trained in Mental Health First Aid. This will have a positive impact on practice and ensure we can best support our children, staff team and services users.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

All paperwork and policies were updated in line with the changes to the EYFS Statutory Framework. We adapted the way we plan and implement activities slightly to ensure we are meeting the requirements of the Learning and development section of the EYFS 2021. Staff members now plan for their own key group of children to ensure our planning is tailored to meet the individual needs of children. We then ensure the environment is planned and set up to support children’s interests, so activities are stimulating and inviting to enhance children’s learning and development to prepare them for the next stage of their learning.

We have been extremally lucky to be in discussions with Mall Management about the possibility of taking on some additional space adjacent to our current location. Which would allow us to knock through and extend the nursery. This will allow us to expand our provisions to meet the local demand for nursery spaces.

Final we are pleased to say we received our Ofsted inspection on the 10" November 2021 and received a ‘Good’ outcome in all areas. Ofsted document that children settle quickly to this busy and vibrant nursery. They demonstrate confidence as they play and experiment with the range of toys and activities available to them and that children have experiences that reflect their own lives. Staff know their children well and make time to spend with each of their key children during the session. Parents praise the nursery staff for all they do and staff report that it is a lovely place to work. Staff who have specific responsibilities for children with special educational needs and/or disabilities support these children effectively. The use for additional funding for children is carefully considered. Staff take into account the needs of children and families attending and choose things that complement their home life. The staff team work together effectively. They have implemented ideas to develop children’s learning. For example, they have planted seeds in the garden to bring more natural resources for children to experience. They talk to the children about where food comes from and which foods are healthy. The arrangement for safeguarding are effective. The manager and staff work with families to support children’s overall well-being. They work with a variety of agencies that help families in a range of ways and meet individual needs.

Review of targets for 2021-2022

To become an Eco-friendlier setting The Green Flag Eco award was achieved The appointed eco-coordinators received Eco training by the Eco — schools’ team We continue to make changes and adapt our environment to be more Eco sustainable.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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The Mall Nursery and Creche

15
To start implementing a tooth brushing
programme from September 2021 continue to engage in our toothbrushing
programme. This also supports the new
requirements ofthe 2021 EYFS to
ensure good oral hygiene in the under
os
Purchase some community playthings New units were purchased to allow the
storage units and archways for the 2+ room to have separate sections for play
room to allow children to return to these areas
to build and develop the knowledge and
skills already acquired.
Ensure all staffhave access to training
and staffto access Mental Health First
Aid understand and develop practice.
The setting now has three staff fully
trained in Mental Health First Aid.
To start operating shopper’s creche Due to these opening hours not being
again on Saturdays cost effective due to lack of interest.We
have been thinking ofways of running
Saturday sessions and will continue to
brainstorm in relation to this target area
To have more natural resources in the This area is having a positive impact on
outside area children’s learning. The outside area
has now been enhanced with additional
planters, fruit trees and the children will
continue to plant fresh crops each
spring.
To ensure all paperwork reflects the All paperwork and policies were
changes being made to the EYFS reviewed and updated in line with the
Statutory Framework changes made to the EYFS. Some
adaptions were made to our learning
programmes to ensure planning was
tailored to the individual needs and that
children were prepared for the next
stage of their learning.
To explore the possibility ofacquiring We are currently in discussions with
additional space Mall Management to acquire additional
space adjacent to our current location to
expandourprovision.

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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Targets for 2022-2023
To continue to encourage parents and Parents will be encouraged to join our
careers to playa more active role in the parent forum and participate in having a
nursery. role on the committee.
To ensure we are offering more
opportunities for parents to get involved
in their children’s learning.
To secure the suggested additional Due to the continuing high demand from
space forexpansion the local community to access our
provision, we will continue discussions
with Mall Management to ensure we
secure the space to expand our
provision.
Recruitment Due to the increase with occupancy
job
opportunities are available at the setting.
We will we be recruiting, advertising for
two early years practitioners, one
unqualified room support and
apprenticeship opportunities.
Promote continued Personal, We will be encouraging our staffwith
Professional Development. level 2 qualifications to access further
studies to increase their qualification to
the next level.
Appoint a student rep Due to the setting supporting the local
colleges to be a practical learning
environment for their childcare students.
And the amount of interestwe get form
students to attend our setting. We will
appoint a student rep. So,
all students joining ourteam have a key
member of staffwho they can go to for
support.
To promoting culture capital To ensure all children are given access
to the same opportunities ensuring even
our more deprived children are given the
opportunity to access similar
experiencestothosemoreprivileged.

Financial Review

Income for the centre during the financial year 2021/2022 came from the funding of nursery education places and parent fees.

Fees and grant income are supplemented by support from The Mall with their continuing donation of unit 35 rent free and other initiatives. The added value of

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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donations, gifts in kind, free or reduced cost support and goodwill from employees at The Mall and others in our community enable us to provide our users with quality services at value for money cost. Our thanks go to all concerned and we could not operate at the same level without your ongoing support.

The results for the year ended 31 March 2022 are set out in the statement of financial activities on page 21 and the balance sheet on page 22.

The charity has one major source of income: Government Nursery Grants and one major expense: Staff wages. Grant income is dependent upon child registrations and this cannot be determined until the start of each session. However, there is comfort in knowing that there is good demand for places, and the setting currently has lengthy waiting lists for 2- and 3-year-old children.

Investment policy

The Charity holds cash on deposit with Santander. This cash has a maturity date of less than one year. The Charity holds this money for investment purposes rather than to meet short term cash commitments as they fall due.

Reserves

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to three months of total projected charitable expenditure. At 31 March 2022, this was £90,000. The trustees agree that this amount would reflect sufficient time to seek alternative funding should existing funding sources cease. The balance held as unrestricted funds at 31 March 2022 was £368,265 (2021: £297,103), of which £357,607 (2021: £282,774) are regarded as free reserves. The remainder of unrestricted funds, £10,658 (2021: £14,329), relate to tangible fixed assets. The balance in restricted funds at 31 March 2022 was £1,317 (2021: £393).

Approved by the trustees on 20 January 2023 and signed on their behalf by:

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4 \ on | /
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Yvette Watson Chairperson 20 January 2023

Unit 35, The Mall LU1 2TW. Telephone 01582 458545 Registered Charity Number 1031348

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THE MALL NURSERY AND CRECHE

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MALL NURSERY AND CRECHIE

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 21 to 30.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried oul under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after | January 2015.

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 charity 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.

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THE MALL NURSERY AND CRECHE

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MALL NURSERY AND CRECHE (continued)

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.

RA Cox FCA

Miller & Co Chartered Accountants 5 Imperial Court Laporte Way, Luton Bedfordshire LU4 8FE

26 January 2023

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THE MALL NURSERY AND CRECHE

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022

Unrestricted Restricted Total Total
Funds Funds 2022 2021
Notes £ £ £ £
Income from:
Donations and legacies:
Donated facilities 3a 38,000 - 38,000 38,000
Grants 3b 336,439 13,670 350,109 282,006
Government grants:
Coronavirus Job Retention Scheme - - - 27,181
Other trading activities:
Fundraising 574 - 574 69
Investments 4 25 - 25 144
Charitable activities:
Fees - sessions 39,033 - 39,033 10,808
Fees - activities - - - -
Other income 4,000 - 4,000 4371
Total 418,071 13,670 431,741 362,579
Expenditure on:
Charitable activities:
Sessions 2 344,018 6,031 350,049 296,596
Activities 5 2,891 6,715 9,606 1,891
Total 346,909 12,746 359,655 298,487
Net income / (expenditure) 71,162 924 72,086 64,092
Transfers between funds 14 & 15 - - - -
Net Movement in funds 71,162 924 72,086 64,092
Reconciliation offunds:
Total funds brought forward 14&15 297,103 393 297,496 233,404
Totalfundscarriedforward 14&15 368,265 1,317 369,582 297,496

The notes form part of these financial statements

Page 21

THE MALL NURSERY AND CRECHE

Registered Charity Number 1031348

BALANCE SHEET as at 31 March 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS:
Tangible assets 9 10,658 14,329
CURRENT ASSETS:
Debtors 11 2,563 2,619
Investments 10 $2,204 52,199
Cash at bankand in hand 326,689 244,831
381,456 299,649
CURRENT
LIABILITIES
CREDITORS: Amounts fallingdue within one year 12 (22,532) (16,482)
NETCURRENT ASSETS 358,924 283,167
NETASSETS 369,582 297,496
FUNDS OFTHE CHARITY:
Unrestricted funds:
General 14 368,265 297,103
Restricted funds:
Projects 15 L317 393
TOTALFUNDS 369,582 297,496

Approved by the Trustees and authorised for issue on 20 January 2023 and signed on their behalf by:

Yvette Watson

Chairperson

20 January 2023

The notes form part of these financial statements

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1 ACCOUNTING POLICIES

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

(a) Charity Information

The Mall Nursery and Creche is a charity registered in England and Wales (No. 1031348). Details of the registered office are given on the charity information page of the financial statements. The charity's operations and principal activities are described in the Trustees’ Report.

(b) Basis of Preparation

(c) Going Concern

(d) Fund Accounting

(e) Income

The following specific policies are applied to particular categories of income:

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1

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

ACCOUNTING POLICIES (continued)

(f) Expenditure

Expenditure is allocated to the particular activity where the cost relates directly to that activity. Expenditure 1s recognised whena liability is incurred.

Charitable Activities mclude expenditure associated with direct services and membership support.

(g) Support Costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs are outlined in note 5. Support costs are allocated to charitable activities on a reasonable and consistent basis, based on time and resource spent on each area.

Governance costs include expenditure incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

(h) Fixed Assets

(i) These are capitalised if they can be used for more than | year and cost at least £500. They are valued at cost.

(ii) Depreciation is applied at the following annual rates in order to write off assets over their estimated lives: Equipment 3 - 4 years straight line basis Building Improvements life of lease straight line basis

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(i) Investments
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Current asset investments are valued at cost as the investment is cash held on fixed term deposit on which there is no capital growth or loss. Interest receivable on these deposits is recognised in the period to which it relates.

(j) Pensions

Employees of the charity are entitled to join a defined contribution 'money purchase’ scheme. The charity contribution is restricted to the contributions disclosed in note 6. There were no outstanding contributions at the year end.

(k) Statement of Cash Flows

In accordance with the Charities SORP (FRS 102) issued in October 2019, the charity has not produced a statement of cash flows.

(1) Operating Leases

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged in the Statement ofFinancial Activities on a straight line basis over the period of the lease.

(m) Financial Instruments

The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102, in full, to all of its financial instruments.

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as finacial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Financial assets

Basic financial assets, which include trade debtors and staff loans are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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1

2

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

ACCOUNTING POLICIES (continued)

(m) Financial Instruments (continued)

Financial liabilities

Basic financial liabilities, which include trade creditors, other creditors and accruals, are initially measured at transaction price and subsequently measured at amortised cost.

Critical Accounting Estimates and Areas of Judgement

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. ‘The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The Trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

3

Income

(a) Donated Facilities

Use of the nursery/creche area at The Mall Luton is provided free of charge by The Mall. The equivalent commercial cost is quoted in both income and expenditure.

(b) Grants

Grants
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Luton Borough Council 332,439 - 332,439 276,392
Special Educational Needs Grant (SEN) - 4,615 4,615 1,599
Early Years Pupil Premium Grant(EYPP) - 9,055 9,055 4,015
Other 4,000 - 4,000 -
336,439 13,670 350,109 282,006

In the prior year income from grants was £282,006 of which £5,614 was attributable to restricted funds and £276,392 was attributable to unrestricted funds.

4

Income from Investments

2022 2021
£ £
Bank interest 25 144

In the current and prior year all income received was attributable to unrestricted funds.

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5

6

THE MALL NURSERY AND CRECIIE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

Charitable Expenditure Including Support Costs

Direct Support Total Total
Costs Costs 2022 2021
£ £ £ £
Sessions 224,812 125,237 350,049 296,596
Activities 9,606 - 9,606 1,891
234,418 125,237 359,655 298,487
Support Cost Analysis
2022 2021
£ £
Staff Costs - wages and salaries 72,838 71,703
Depreciation 7,936 6,559
Rates 894 646
Rent 38,000 38,000
Trainingand Development 1,999 1,226
Governance Costs - accountancy fees 3,570 3,474
125,237 121,608

£12,746 (2021: £6,301) of the total expenditure on charitable activities was attributable to restricted funds and £346,910 (2021: £292,186) was attributable to unrestricted funds.

Employees 2022 2021
£ £
Wages and salaries 243,074 204,383
Social security costs 12,210 10,438
Otherpension costs 3,052 3,045
258,336 217,866

The average number of persons employed by the charity during the year was:

2022 2021
No. No.
Management and administration 3 3
Charitable activities 17 16
20 19

No employee received remuneration in excess of £60,000 (2021: none)

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6

7

8

9

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

Employees (Continued)

The key management personnel of the charity comprise the Trustees, the Nursery Manager and the Deputy Manager. The total employee benefits of the key management personnel during the year were £58,351 (2021: £58,378).

Net Expenditure for the Year

Net expenditure is stated after charging/(crediting):

2022 2021
£ £
Independent Examiner's Fee
Independentexamination 1,428 1,392
Accountancy 2,142 2,082
Depreciation 7,936 6,559

Trustees' Remuneration and Expenses

No trustee received remuneration or was reimbursed expenses in the year under review (2021: £nil).

Tangible Fixed Assets

Tangible Fixed Assets
Improvements Equipment Total
£ £ £
Cost
At April 2021 92,040 34,688
Additions - 4.265 4,265
Disposals = = =
At 31 March 2022 92,040 38,953 130,993
Accumulated depreciarion
At April 2021 83,813 28,586
Charge for period 3,291 4,645 7,936
Eliminated on disposals = - -
At 31 March 2022 87,104 33,231 120,335
Net Book Value
At 31 March 2022 4,936 5,722 10,658
At31March2021 8,227 6,102 14,329

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THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

10 Investments

10 Investments
2022 2021
£ £
Cash on deposit 52,204 52,199
52,204 52,199
li Debtors
2022 2021
£ £
Trade debtors - 1,519
Other debtors 2,563 1,100
Prepayments and accrued income - .
2,563 2,619
12 Creditors: Amounts Falling Due Within OneYear
2022 2021
£ £
Trade creditors 501 1,870
Other creditors 14,987 11,138
Accruals 7,044 3,474
22,532 16,482

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13

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

Analysis of Net Assets Between Funds

13 Analysis of NetNet Assets Between Funds
Unrestricted Restricted Total
Funds Funds 2022
£ £ £
Fixed assets 10,658 - 10,658
Current assets 380,139 Lily 381,456
Current liabilities (22,532) - (22,532)
368,265 1,317 369,582
Analysis ofNet Assets Between Funds - PriorYear
Unrestricted Restricted Total
Funds Funds 2021
£ £ £
Fixed assets 14,329 - 14,329
Current assets 299,256 393 299,649
Current liabilities (16,482) - (16,482)
297,103 393 297,496
14 Unrestricted Funds
Balance Income Expenditure Gains, losses Balance
01-Apr-21 & transfers 31-Mar-22
£ £ £ £ £
General funds 297,103 418,071 (346,909) - 368,265
297,103 418.071 (346,909) - 368,265
Unrestricted Funds - Prior Year
Balance Income Expenditure Gains, losses Balance
01-Apr-20 & transfers 31-Mar-21
£ £ £ £ £
General funds 232,324 356,965 (292,186) - 297,103
232,324 356,965 (292,186) - 297,103

General funds are unrestricted funds that the Trustees are free to use in accordance with the charitable objects

Page 29

16

THE MALL NURSERY AND CRECHE

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

15

Restricted Funds

Restricted Funds
Balance Income Expenditure Gains, losses Balance
01-Apr-21 & transfers 31-Mar-22
£ £ £ £ £
SEN Grant fund - 4,615 (4,379) - 236
EYPP Grant Fund 393 9,055 (8,367) - 1,081
393 13,670 (12,746) - 1,317
Restricted Funds - Prior Year
Balance Income Expenditure Gains, losses Balance
01-Apr-20 & transfers 31-Mar-21
£ £ £ £ £
SEN Grant fund 25 1,599 (1,624) - -
EYPP Grant Fund 1,055 4.015 (4,677) - 393
1,080 5,614 (6,301) - 393

SEN Grant Fund - Special Educational Needs funding is specifically granted to provide 1 on | support for children with additional needs.

EYPP Grant Fund - Early Years Pupil Premium funding was received to help support children who meet the pupil premium criteria.

Related Party Transactions

There have been no related party transactions in the reporting period that require disclosure (2021: none).

17

Financial instruments

The income attributable to the charity’s financial assets measured at amortised cost and the total interest income for financial assets that are not measured at fair value was £25 (2021: £144).

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