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2023-03-31-accounts

Charity registration number 1059859

Company registration number 3287888 (England and Wales)

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Elwynne Green Serena Drysdale John Rossiter Rosalind Wild James Slater Cathy Coldrey Deanna Rodgers Maria Gutierrez

(Appointed 8 November 2022) (Appointed 8 November 2022) (Appointed 1 December 2022) (Appointed 1 December 2022)

Secretary Ms L Jefferies Charity number 1059859 Company number 3287888 Registered office Russell Town Avenue Easton Bristol UK BS5 9JF

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

CONTENTS

Page
Trustees' report 1 - 5
Statement of Trustees' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 23

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and the financial statements for the year ended 31 March 2023.

The financial statements comply with current statutory requirements, the memorandum and articles of association, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

The Charity’s mission statement reads:

Our purpose is to relate to each child as a unique individual and tailor our care and teaching to their specific needs in order to equip each child with a love of learning that will help them to flourish and reach their full potential. Our vision is to invite children into a wonderful, playful, learning adventure; to continue to deliver a consistently excellent service to the communities we serve and be their first choice.

We are committed to:

We will work in partnership with parents, carers, children, staff, volunteers, Trustees, funders and the wider community to realise our vision, values, and purpose. These commitments are underpinned by the Charity’s updated vision and values, which were developed by the whole staff team in 2021 and revised in 2022:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The Trustees are proud to relate the substantial achievements of the setting over the year April 2022- March 2023 during an unprecedented time of financial and recruitment pressure due to the aftermath of the Covid-19 pandemic and other national policy factors.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The Trustees have considered the Charity Commission's guidance on public benefit when determining the activities, the charity should undertake. We affirm that all our charitable activities are carried out to advance our charitable objectives for the public benefit. Our focus remains on childcare, education, and support services for families in the local community, and these activities are designed to further our charitable mission for the greater good of the public.

Financial and Management Changes

The beginning of the financial year 2022-23 marked a significant transformation for the nursery. A comprehensive management restructuring replaced the post of General Manager with a Centre Director, who now oversees a Centre Manager and Business and Operations Manager. This restructure, prompted by the departure of the former General Manager, was a strategic move to enhance the senior management's resilience, a factor that was severely tested during the Covid-19 pandemic. In addition to these operational changes, our Trustee Board also underwent substantial alterations in November 2022, with the appointment of a new Chair and Treasurer.

Strategic Planning

A three-year Strategic Plan was meticulously developed by our senior management team, in consultation with all staff and the Trustees. The plan was established in response to several immediate priorities, including:

  1. Ensuring the financial sustainability of the Centre amidst rising costs and diminishing funding income, particularly when accounting for inflation.

  2. Addressing the needs of the local community, whose members are grappling with the challenges of a costof-living crisis.

Maintaining Staffing Levels

Our reputation for investing in staff well-being and their personal and career development through funded training has allowed us to retain an adequate level of staffing, including bank staff, ensuring the uninterrupted provision of our services. Despite facing substantial demand for places at all stages of our setting, this commitment to our staff and their development remains a top priority.

Fiscal Challenges and Reserves

While we have been successful in keeping our doors open and sustaining our essential services, it has not come without financial cost. During this financial year, our reserves have been depleted due to the increased costs associated with the pandemic and the cost-of-living crisis. To address these financial pressures, we have had to make difficult decisions regarding fee increases, albeit higher than we would prefer.

Outreach and Community Engagement

In tandem with our core childcare and education functions, we have continued to engage in substantial outreach activities aimed at benefiting the broader community. These activities, including allotment cultivation and fun with food/weaning classes, have been well-received and align with our broader social mission. We are particularly proud of our work in equality, diversity, and inclusion, exemplified by the establishment of the Early Years Forum for AntiRacist Practice. Operating in an ethnically diverse area with pockets of economic disadvantage, our commitment to the slogan "A sense of belonging, not just fitting in" has been deeply embedded in our practice over the past year.

OFSTED Rating

The Centre is registered with OFSTED and consistently receives positive feedback through the inspection process. Our most recent full OFSTED inspection in July 2022 resulted in a rating of "Good" for the quality of both education and care provided. This rating is a testament to our sustained high standards and continual improvement since the previous inspection in 2016. The requirements for a "Good" rating have become significantly more challenging in the intervening period, making this achievement even more notable.

Garden Project

In late 2022, we embarked on a long-awaited garden project, successfully securing external funding to initiate the first two phases of our existing development plan. External fundraising for the garden project remains an ongoing priority. This project not only enhances the experience provided by the Centre but also facilitates outreach work, enabling local families who cannot or do not attend regular sessions to benefit from our services.

We are committed to our mission of delivering vital services to the community and are appreciative of the ongoing support from our donors, volunteers, and partners, which makes our work possible. We look forward to another year of making a positive impact on the lives of children and families in our community.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

The charity's financial stability is crucial to fulfilling our mission. In the past year, we generated an income of £883,376, with £39,064 designated as restricted income. Our total expenditure was £908,029, with £38,329 being used for restricted purposes. Consequently, our net expenditure for the year was £24,653. As of 31 March 2023, our net assets stood at £551,023, comprising £172,818 in unrestricted funds and £378,205 in restricted funds.

Reserves Policy

In response to the risks our organisation faces, we have devised a reserves policy. We aim to maintain unrestricted funds at a level of at least three months' worth of expenditure, equivalent to approximately £227,000. As of 31 March 2023, our free reserves stood at £101,629 (compared to £122,357 in 2022).

Risk Management

Our commitment to risk management remains strong. We have established a comprehensive risk register and conduct regular reviews to address external risks and ensure our charity's continued success in the evolving political and funding landscape. Our internal control measures are aimed at minimising risks and include strict transaction and project authorisation procedures. We also prioritise the safety and well-being of our staff, volunteers, service users, and visitors, with a focus on protecting children. Furthermore, we uphold the principles of the Early Years Foundation Stage (EYFS) and maintain the Bristol Standard Quality Framework to ensure consistent quality in all aspects of our operations.

Plans for future periods

The coming year is focused on enhancing the financial resilience of our Centre. We are planning to commence the next phase of our garden redevelopment in the Autumn of 2023, thanks to external fundraising efforts. Staff recruitment and retention will remain a challenge as we move into the next financial year. We are also anticipating substantial changes to funding following the government's announcement in the 2023 budget, introducing a period of uncertainty.

Structure, governance and management

Governing Document

Our organisation is a charitable company limited by guarantee, established on 4 December 1996, and registered as a charity on 18 December 1996. Our governance structure is defined by a Memorandum of Association, the Companies Act 2006 and the Charities Act 2011, which outlines the object and powers of the charitable company and is governed under our Articles of Association. In the event of winding up, members are obligated to contribute an amount not exceeding £1.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Elwynne Green Serena Drysdale John Rossiter Rosalind Wild James Slater (Appointed 8 November 2022) Cathy Coldrey (Appointed 8 November 2022) Deanna Rodgers (Appointed 1 December 2022) Maria Gutierrez (Appointed 1 December 2022) Rachel Hall (Resigned 6 December 2022) Shankaron Nur (Resigned 17 August 2022) Rahul Patel (Resigned 29 August 2022)

Recruitment and Appointment of Management Committee

The directors of our company also serve as charity trustees, known as members of the Management Committee. According to the requirements set in the Memorandum and Articles of Association, the members of the Management Committee are elected annually at the organisation's Annual General Meeting. We prioritise reflecting the diverse needs of our community by maintaining a majority of local parents on the committee while drawing on the expertise of local partner organisations and individuals.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Trustee Induction and Training

Most of our trustees are familiar with our charity's work, having either used our services or worked in partnership with us. Prospective trustees receive information about The Centre and the trustee role. We conduct enhanced Disclosure & Barring Service and Ofsted suitability checks for trustees. To enhance their effectiveness, trustees are encouraged to attend various training opportunities, including Understanding the Roles and Responsibilities of Trustees and Safeguarding Children.

Organisational Structure

The Centre is overseen by a Management Committee comprising no less than three members. This committee meets at least six times a year and is responsible for shaping our organisation's strategic direction and policies. Presently, our committee consists of eight members, all of whom are parents with direct experience of our services. A scheme of delegation is in place, and the day-to-day responsibilities for service provision rest with our senior management team, which includes a Director supported by a Centre Manager and Business and Operations Manager. The senior management team ensures the charity delivers specified services, meets performance targets, provides essential staff support, and keeps trustees informed for informed decision-making.

Related Parties

We closely align our work with both local and national policies in line with our charitable objectives. We have developed strong working relationships with the Early Years and Childcare Service within Bristol City Council, which supports our mission within the broader goals of development in our work area. We receive funding from the Local Authority through a Service Level Agreement, and our work is regularly reviewed under this agreement, in addition to assessments by Bristol City Council against its Quality Improvement Framework.

We also maintain partnerships with local organisations that share our objectives and benefit from the support of national and local umbrella organizations, such as The National Council for Voluntary Organisations, Bristol Association for Neighbourhood Daycare (BAND), and VOSCUR.

As an OFSTED-approved organization registered with Bristol City Council, we offer free nursery education for two, three, and four-year-olds. We collaborate with other professionals and organisations to provide effective support for children and families, including health visitors, educational psychologists, and speech and language therapists. Our staff is dedicated to supporting community-focused childcare developments locally and nationally.

Conclusion

The Centre continues to make significant contributions to our community, despite the challenges we face. We remain dedicated to our mission of serving families in need, ensuring their well-being, and providing essential services. We appreciate the ongoing support of our donors, volunteers, and partners, without whom our work would not be possible.

Independent Examiner

In accordance with company law, as the charity’s Trustees, we certify that:

The Trustees' report has been prepared having taken advantage of the small companies exemptions in the Companies Act 2006.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The Trustees' report was approved by the Board of Trustees.

Elwynne Green Trustee

18 January 2024

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

The charity trustees (who are also the directors of Easton Community Children’s Centre Limited for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and the financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

The Trustees

The trustees, who are also directors under company law, who served during the year and up to the date of this report are listed on page 3.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 8. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

I report to the trustees on my examination of the financial statements of Easton Community Children's Centre Limited (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Oliver Evans FCA Evans Partners

9 Bank Road Kingswood Bristol BS15 8LS

Dated: 18 January 2024

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
-
37,898
Income from charitable
activities
4
844,312
1,166
Total income
844,312
39,064
Expenditure on:
Charitable activities
5
868,413
38,329
Other
9
1,287
-
Total expenditure
869,700
38,329
Net (expenditure)/income for
the year/
Net movement in funds
(25,388)
735
Fund balances at 1 April 2022
198,206
377,470
Fund balances at 31 March
2023
172,818
378,205		 Total Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
37,898
500
4,350
845,478
813,299
1,166
883,376
813,799
5,516
906,742
847,115
22,919
1,287
-
-
908,029
847,115
22,919
(24,653)
(33,316)
(17,403)
575,676
231,522
394,873
551,023
198,206
377,470		 Total
2022
£
4,850
814,465
819,315
870,034
-
870,034
(50,719)
626,395
575,676

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds		 2023
£
21,062
131,369
152,431
(25,753)		 £
424,345
126,678
551,023
378,205
172,818
551,023		 2022
£
9,335
147,673
157,008
(25,831)		 £
444,499
131,177
575,676
377,470
198,206
575,676

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 18 January 2024

Elwynne Green Trustee

Company registration number 3287888

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash absorbed by operations
17
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
-		 £
(16,304)
-
-
(16,304)
147,673
131,369		 2022
£
(5,334)		 £
(36,268)
(5,334)
-
(41,602)
189,275
147,673

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Easton Community Children's Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Russell Town Avenue, Easton, Bristol, BS5 9JF, UK.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% Straight Line Plant and equipment 25% Reducing Balance Fixtures and fittings 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

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. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Unrestricted Restricted Unrestricted Restricted Total
funds funds funds funds
2023 2023 2022 2022 2022
£ £ £ £ £
Grant income - 37,898 500 4,350 4,850

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

4 Income from charitable activities

Parent
nursery fees
3&4
2023
£
Sales within charitable activities
616,724
Other income
1,931
618,655
Analysis by fund
Unrestricted funds
617,489
Restricted funds
1,166
618,655		 year old
funding
2 year olds
enhanced
provision
Registration
fees
Special
educational
needs
funding
2023
2023
2023
2023
£
£
£
£
200,669
11,799
1,580
12,775
-
-
-
-
200,669
11,799
1,580
12,775
200,669
11,799
1,580
12,775
-
-
-
-
200,669
11,799
1,580
12,775		 Total
2023
£
843,547
1,931
845,478
844,312
1,166
845,478		 Total
2022
£
810,940
3,525
814,465
813,299
1,166
814,465

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(Continued)

For the year ended 31 March 2022

Parent
nursery fees
3&4
£
Sales within charitable activities
531,469
Other income
3,525
534,994
Analysis by fund
Unrestricted funds
533,828
Restricted funds
1,166
534,994		 year old
funding
2 year olds
enhanced
provision
Registration
fees
Special
educational
needs
funding
Job Retention
Scheme
grants
£
£
£
£
£
237,389
23,305
820
6,734
11,223
-
-
-
-
-
237,389
23,305
820
6,734
11,223
237,389
23,305
820
6,734
11,223
-
-
-
-
-
237,389
23,305
820
6,734
11,223		 Total
2022
£
810,940
3,525
814,465
813,299
1,166
814,465

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Charitable activities

Nursery fees
Nursery fees
and subsidies and subsidies
2023 2022
£ £
Staff costs 716,310 693,052
Depreciation and impairment 18,866 19,866
Agency staff cover 13,555 12,338
Activities and nursery sundries 21,369 27,182
Catering 43,534 37,619
Light and heat 15,496 6,331
Telephone 3,589 5,227
Printing, postage, stationery 5,451 6,183
Rates, including water 3,520 2,618
Repairs and maintenance 20,786 13,463
Cleaning and waste disposal 13,357 14,233
Insurance 2,932 2,628
Advertising and PR 559 502
Computer costs 4,128 2,036
Travel and subsistence 158 257
UK entertainment 805 1,155
Legal and professional 61 925
Other charitable expenditure 22,266 24,419
906,742 870,034
906,742 870,034
Analysis by fund
Unrestricted funds 868,413 847,115
Restricted funds 38,329 22,919
906,742 870,034

6 Independence examination

The independence examination fee was £2,000 (2022: £2,300)

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
42
2023
£
646,525
32,361
33,474
712,360		 2022
Number
42
2022
£
614,364
35,105
35,718
685,187

The Key management personnel of the charity comprise the trustees, Director, Centre Manager, Business and Operation Manager, Office manager, Outreach Programme Manager, 6 Room leaders. The total employee benefits of the key management personnel of the charity were £195,353 (2022: £251,168).

There were no employees whose annual remuneration was more than £60,000.

9 Other expenses

Unrestricted
funds
2023
Net loss on disposal of tangible fixed assets
1,287
1,287		 Total
£
2022
-
-

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10
Tangible fixed assets
Freehold land
and buildings
Plant and
equipment
Fixtures and
fittings
£
£
£
Cost
At 1 April 2022
688,261
87,036
23,323
Disposals
-
(59,407)
(13,634)
At 31 March 2023
688,261
27,629
9,689
Depreciation and impairment
At 1 April 2022
255,754
78,631
19,735
Depreciation charged in the year
15,869
2,101
897
Eliminated in respect of disposals
-
(58,632)
(13,121)
At 31 March 2023
271,623
22,100
7,511
Carrying amount
At 31 March 2023
416,638
5,529
2,178
At 31 March 2022
432,507
8,405
3,587
11
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
12,933
Other debtors
175
Prepayments and accrued income
7,954
21,062
12
Creditors: amounts falling due within one year
2023
£
Other taxation and social security
8,090
Trade creditors
3,115
Other creditors
9,059
Accruals and deferred income
5,489
25,753		 Total
£
798,620
(73,041)
725,579
354,120
18,867
(71,753)
301,234
424,345
444,499
2022
£
6,376
-
2,959
9,335
2022
£
10,671
(2,024)
10,518
6,666
25,831

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £33,474 (2022 - £35,718).

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2021 resources expended 1 April 2022 resources expended 31 March
2023
£ £ £ £ £ £ £
Soil Association - 150 - 150 - (150) -
BCC - Originator Funding 4,500 500 (4,380) 620 - (620) -
Quartet/Community Allotment - - - (1) 8,108 (4,503) 3,604
Eastside CT - 500 - 500 - (500) -
Tesco - Garden Development - 1,166 - 1,166 - - 1,166
Baby Room Garden Fund - 400 - 400 - (400) -
John James 5,000 - - 5,000 - - 5,000
Healthy Eating - One City Fund - 2,800 (1,816) 985 3,316 (2,734) 1,567
Premises & Gardens Reserves 384,519 - (15,869) 368,650 - (15,869) 352,781
Garden project 854 - (854) - 19,500 (10,473) 9,027
Conservatory - - - - 3,500 (1,701) 1,799
Winter warmers - - - - 4,640 (1,753) 2,887
394,873 5,516 (22,919) 377,470 39,064 (38,704) 378,205

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

15 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
71,564
352,781
Current assets/(liabilities)
101,629
25,049
173,193
377,830		 Total
Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
424,345
75,849
368,650
126,678
122,357
8,820
551,023
198,206
377,470		 Total
2022
£
444,499
131,177
575,676

EASTON COMMUNITY CHILDREN'S CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

17 Cash generated from operations 2023 2022
£ £
Deficit for the year (24,652) (50,718)
Adjustments for:
Loss on disposal of tangible fixed assets 1,287 -
Depreciation and impairment of tangible fixed assets 18,866 19,866
Movements in working capital:
(Increase)/decrease in debtors (11,727) 472
(Decrease) in creditors (78) (5,888)
Cash absorbed by operations (16,304) (36,268)

18 Analysis of changes in net funds

The charity had no debt during the year.