| CONTENTS | Page | |
|---|---|---|
| Trustees' report |
1—9 | |
| Independent examiner's |
report | |
| Statement offinancial activities | ||
| Balance sheet | 12-13 | |
| Cash flow statement | 14 | |
| Notes to the financial statements | 15-23 |
| INCOME AND EXPENDITURE | INCOME AND EXPENDITURE | Unrestricted | Restricted | Total funds | Total funds | |
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| Note | E | f | E | E | ||
| INCOME | ||||||
| Income from | ||||||
| Charitable activities: |
||||||
| Nursery fees and subsidies | 810,940 | 810,940 | 826,758 | |||
| Other grants | 500 | 4,350 | 4,850 | 23,371 | ||
| Investment income |
65 | |||||
| Other income | 2,359 | 1,166 | 3,525 | 733 | ||
| TOTAL INCOME | 813,799 | 5,516 | 819,315 | 850,927 | ||
| EXPENDITURE ON: | ||||||
| Charitable activities: |
||||||
| Provision of nursery care and | ||||||
| education | 847,114 | 22,919 | 870,033 | 817,227 | ||
| TOTAL EXPENDITURE | 847,114 | 22,919 | 870,033 | 817,227 | ||
| Net (expenditure)/income | and | |||||
| net movement in funds for |
the year | (33,315) | (17,403) | (50,718) | 33,700 | |
| Reconciliation offunds |
||||||
| Total funds brought forward | 231,522 | 394,873 | 626,395 | 592,695 | ||
| Total funds carried forward | 198,207 | 377,470 | 575,677 | 626,395 |
| BALANCE SHEET AT31MARCH 2022 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | f | f | ||
| FIXED ASSETS | ||||
| Tangible assets | 444,500 | 459,032 | ||
| CURRENT ASSETS | ||||
| Debtors | 18,004 | 18,476 | ||
| Cash at bank and in hand | 147,673 | 189,275 | ||
| 165,677 | 207,751 | |||
| CREDITORS: Amounts | falling due within one year | 10 | (34,500) | (40,388) |
| NET CURRENT ASSETS | 131,177 | 167,363 | ||
| NET ASSETS | 575,677 | 626,395 | ||
| THE FUNDS OF THE CHARITY: | ||||
| Restricted | 11,12 | 377,470 | 394,873 | |
| Unrestricted | 11,12 | 198,207 | 231,522 | |
| TOTAL CHARITY FUNDS | 11,12 | 575,677 | 626,395 |
| Total funds | Total funds | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | f | |||||
| Cash (used)/generated | in operating activities |
(36,268) | 38,260 | |||
| Cash flows from investing | activities: | |||||
| Purchase offixed assets | (5,334) | (11,622) | ||||
| interest received | 65 | |||||
| (Decrease)/increase in cash Sc |
cash equivalents | (41,602) | 26,703 | |||
| Cash &cosh equivalents | at beginning ofyear | 189,275 | 162,572 | |||
| Cash &cash equivalents | at end ofyear | 147,673 | 189,275 | |||
| Reconciliation ofnet income |
ex enditure | to net cash | flow from o eratin | activities | ||
| Net (expenditure)/income | for | the reporting | period | (50,718) | 33,700 | |
| (asper the statement offinancial activities) | ||||||
| Adjustments for: |
||||||
| Depreciation charges |
19,866 | 24,129 | ||||
| Interest received | (65) | |||||
| Decrease in debtors | 472 | 5,041 | ||||
| (Decrease) in creditors | (5,888) | (24,545) | ||||
| (36,268) | 38,260 |
| Unrestricted | Restricted | Total funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| E | E | E | |||
| INCOME | |||||
| Income from | |||||
| Chari table activities: | |||||
| Nursery fees and subsidies | 707,875 | 118,883 | 826,758 | ||
| Other grants | 13,871 | 9,500 | 23,371 | ||
| Investment income |
65 | 65 | |||
| Otherincome | 733 | 733 | |||
| TOTAL INCOME | 722,544 | 128,383 | 850,927 | ||
| EXPENDITURE ON: | |||||
| Charitable acti vities: |
|||||
| Provision of nursery | care and education | 675,809 | 141,418 | 817,227 | |
| TOTAL EXPENDITURE | 675,809 | 141,418 | 817,227 | ||
| Net income/(expenditure) and |
|||||
| net movement in funds for the year |
46,735 | (13,035) | 33,700 | ||
| 3. | NURSERY FEESAND | SUBSIDIES | |||
| 2022 | 2021 | ||||
| E | f | ||||
| Parent nursery fees | 531,469 | 357,223 | |||
| 3 and 4year olds funding | 237,389 | 286,991 | |||
| 2 year olds enhanced | provision | 23,305 | 29,277 | ||
| Registration fees |
820 | 1,700 | |||
| Special educational | needs funding | 6,734 | 7,684 | ||
| Job Retention Scheme grants |
11,223 | 118,883 | |||
| Covid-19 relief grants | 25,000 | ||||
| 810,940 | 826,758 | ||||
| 18 |
| Nursery | Total | Total | ||||
|---|---|---|---|---|---|---|
| costs | 2022 | 2021 | ||||
| f | E | E | ||||
| Staff salaries | (note 6) | 683,563 | 683,563 | 672,353 | ||
| Other staff costs | 10,900 | 10,900 | 636 | |||
| Agency staff | cover | 11,484 | 11,484 | 9,021 | ||
| Catering | 37,618 | 37,618 | 26,524 | |||
| Activity costs | 27,182 | 27,182 | 22,766 | |||
| Premises costs | 39,273 | 39,273 | 31,143 | |||
| Office costs | 16,112 | 16,112 | 13,251 | |||
| Training | 7,488 | 7,488 | 1,910 | |||
| Bad debts | (265) | |||||
| Depreciation | 19,866 | 19,866 | 24,129 | |||
| Audit and accountancy | 14,767 | 14,767 | 13,254 | |||
| Legal and professional | 1,780 | 1,780 | 2,505 | |||
| 870,033 | 870,033 | 817,227 | ||||
| 5. | NET INCOME/(EXPENDITURE) | FOR THE YEAR | 2022 | 2021 | ||
| f | E | |||||
| This isstated | after charging: | |||||
| Depreciation | ofowned assets | 19,866 | 24,129 | |||
| Accountant's | remuneration: | |||||
| Independent | examination | 2,300 | 2,200 | |||
| Accounting | services | 1,180 | 1,100 |
| FOR | THE YEAR ENDED 31MARCH 2022 contin | ued | |
|---|---|---|---|
| 6. | STAFF COSTS | ||
| 2022 | 2021 | ||
| f | E | ||
| Wages and salaries | 612,740 | 598,461 | |
| Social security costs | 35,105 | 38,116 | |
| Pension contributions | 35,718 | 35,776 | |
| 683,563 | 672,353 |
| Fixtures, | ||||||
|---|---|---|---|---|---|---|
| Leasehold | Leasehold | fittings 8 | ||||
| etteui ment |
Total | |||||
| f | f | f | ||||
| COST | ||||||
| At 1April 2021 | 130,000 | 558,262 | 105,024 | 793,286 | ||
| Additions | 5,334 | 5,334 | ||||
| Disposals | ||||||
| At 31March 2022 | 130,000 | 558,262 | 110,358 | 798,620 | ||
| DEPRECIATION | ||||||
| At 1April 2021 | 59,800 | 180,084 | 94,370 | 334,254 | ||
| Charge for the year | 2,600 | 13,269 | 3,997 | 19,866 | ||
| Depreciation on disposals |
||||||
| At 31March 2022 | 62,400 | 193,353 | 98,367 | 354,120 | ||
| NET BOOK VALUE | ||||||
| At 31March 2022 | 67,600 | 364,909 | 11,991 | 444,500 | ||
| At 31March 2021 | 70,200 | 378,178 | 10,654 | 459,032 | ||
| 9. | DEBTORS | 2022 | 2021 | |||
| f | f | |||||
| Trade debtors | 21,893 | 17,363 | ||||
| Provisions for doubtful | debts | (6,849) | (6,849) | |||
| Prepayments and other |
debtors | 2,960 | 7,962 | |||
| 18,004 | 18,476 |
| NOT FOR |
ES TO THE FINANCIAL STATEMENTS THE YEAR ENDED 31MARCH 2022 continued |
||
|---|---|---|---|
| 10, | CREDITORS | 2022 | 2021 |
| f | f | ||
| Amounts falling due within one year: |
|||
| Payments on account |
3,889 | 10,201 | |
| Trade creditors | 2,756 | 3,886 | |
| Accruals | 6,666 | 8,853 | |
| Other taxation and social security | 10,671 | 7,547 | |
| Other creditors | 10,518 | 9,901 | |
| 34,500 | 40,388 |
| Restncted | General | ||
|---|---|---|---|
| funds | funds | Total | |
| f | f | f | |
| Tangible fixed assets | 368,650 | 75,850 | 444,500 |
| Cash at bank and in hand | 8,820 | 138,853 | 147,673 |
| Other net current assets/(liabilities) | (16,496) | (16,496) | |
| Net assets at the end of the year | 377,470 | 198,207 | 575,677 |
| MOVEMENTS IN FUND |
S | ||||||
|---|---|---|---|---|---|---|---|
| At 1 | At 31 | ||||||
| April | Incoming | Resources | March | ||||
| 2021 | Resources | ~Ex ended | 2022 | ||||
| f | f | f | |||||
| Restricted funds | |||||||
| Premises reserve —Original | Building | 83,991 | (2,600) | 81,391 | |||
| Buildings and Gardens |
Fund: | Extensions | 300,528 | (13,269 | 287,259 | ||
| Community Allotment |
Fund | 854 | (854) | ||||
| Healthy Eating —One City Fund |
2,800 | (1,816) | 984 | ||||
| John James Foundation | 5,000 | 5,000 | |||||
| Bristol City Council Originators | Funding | 4,500 | 500 | (4,380) | 620 | ||
| Tesco Garden Fund |
1,166 | 1,166 | |||||
| Smaller Funds | 1,050 | 1,050 | |||||
| Total restricted funds |
394,873 | 5,516 | (22,919) | 377,470 | |||
| Unrestricted funds |
|||||||
| General funds | 231,522 | 813,799 | (847,114) | 198,207 | |||
| Total funds | 626,395 | 819,315 | (870,033) | 575,677 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| INCOME | ||||
| Nursery fees and subsidies | 810,940 | 826,758 | ||
| Other grants | 4,850 | 23,371 | ||
| Interest receivable | 65 | |||
| Sundry income | 3,525 | 733 | ||
| Total income for year | 819,315 | 850,927 | ||
| 2022 | 2021 | |||
| Total | Total | |||
| f | f | |||
| EXPENDITURE | ||||
| Staff wages | 612,740 | 598,460 | ||
| Employer's national |
insurance | 35,105 | 38,116 | |
| Pension contributions | 35,718 | 35,776 | ||
| Other staff costs | 9,488 | 636 | ||
| Agency staff cover | 11,484 | 9,021 | ||
| Training costs | 7,488 | 1,910 | ||
| Activities and nursery | sundries | 27,182 | 22,766 | |
| Catering | 37,618 | 26,524 | ||
| Light and heat | 6,331 | 8,159 | ||
| Telephone | 5,227 | 2,310 | ||
| Printing, postage, stationery |
6,183 | 6,111 | ||
| Rates, including water |
2,618 | 2,080 | ||
| Repairs and maintenance | 13,463 | 8,130 | ||
| Cleaning and waste disposal | 14,232 | 10,498 | ||
| Insurance | 2,628 | 2,519 | ||
| Advertising and PR |
502 | 350 | ||
| Computer costs |
2,036 | 2,245 | ||
| Travel and subsistence | 258 | 64 | ||
| UK entertainment | 1,155 | (200) | ||
| Legal and professional | 1,780 | 2,505 | ||
| Accountancy fees and book-keeping |
14,767 | 13,254 | ||
| Bad debts | (265) | |||
| Subscriptions | 823 | 805 | ||
| Bank charges and interest payable | 1,341 | 1,324 | ||
| Depreciation | 19,866 | 24,129 | ||
| Expenditure for year |
870,033 | 817,227 | ||
| NET (EXPENDITURE)/INCOME | FOR THE YEAR | (50,718) | 33,700 |