## _**Annual Report 2021**_ **The ACE Centre Burford Road, Chipping Norton, OXON, OX7 5DZ 01608 644440** office@cnacecentre.co.uk www.ace-chipping-norton.co.uk ## **Registered Charity No: 1060208** **The ACE Centre: Annual Report 2021** ___________________________________________________________________ ## **A Word from the Chairperson** Who could have foreseen what an impact the COVID-19 pandemic would have on us all? But despite all the problems and difficulties, staff have continued to work with commitment and energy to provide the very best care and education to our youngest children. This has ensured that our families and children have had the stability and security they so needed during these unprecedented times. Financially COVID-19 has had a huge impact, with loss of income due to lockdowns, reduced numbers, closures due to identified cases, as well as staff needing to selfisolate. These problems are common across many sectors, but have been felt particularly keenly by early year’s settings such as ours. However, our financial position has been mitigated somewhat by sustainability grants from OCC amounting to £30,000, and a WODC small business grant of £10,000. A new staffing structure in ACE Pre-School has been successfully introduced following the resignation of Rachel English (manager). The setting is now managed by Lin Englishby, bringing our two under 3’s teams closer together, under the same management. This has resulted in operational advantages as well as financial savings. ACE Pre-School has run well during the year within its new structure. We have continued to provide many places for funded two year olds. The staff are very experienced in supporting and enabling our vulnerable children to reach their full potential. We thank them for the work they carry out in this setting. The Day Nursery continues to provide a safe and secure environment for our youngest children. The staff had a particularly difficult time in January 2021 when they were required to come back to full working whilst COVID levels were extremely high in the community, and early years workers were not being offered priority for vaccinations. They coped with this stressful time with great fortitude, and continued to provide the excellent provision we, and they, are so rightly proud of. The staffing group remains stable, which enables the setting to be a secure place for children, with adults who are familiar and trusted. 1 | P a g e **The ACE Centre: Annual Report 2021** ___________________________________________________________________ We were successful in applying for a grant of £2,900 from OCC to enhance our outdoor play areas. This was used to replace the tarmac path in the ACE Pre-School garden with a more child-friendly surface. Since Trish Ward’s retirement the admin team of Leigh Roscoe-Styler and Alison Beacham have restructured their roles, and continue to provide excellent admin and financial management to the Charity. Rebecca MacRae who joined the team as receptionist to allow Leigh and Alison to take on more responsibility, has been working from home and now on maternity leave, so they have had an even bigger workload this year. The Trustees are extremely grateful to Alison and Leigh for their hard work and dedication. On behalf of everyone at The ACE Centre we would like to say a special thank you to Don Davidson who stepped down as a Trustee in July, after many years’ service. We will miss his contribution to the Charity, and thank him for all he has done over the years. On a final note, we would like to thank all the staff working within the Charity setting, including our admin team, for the work they do in sometimes the most difficult circumstances to provide an outstanding service for the under 5’s and their families. _Sally Purssell – September 2021_ 2 | P a g e **The ACE Centre: Annual Report 2021** ___________________________________________________________________ ## **ACE Childcare & ACE Pre-School** 2020 - 2021 has been an unprecedented time at ACE Childcare and Pre-School due to the Covid-19 global pandemic. ## _**Covid Timeline:**_ - March 20th government announces Lockdown ▪ ACE Childcare remains open for key workers and vulnerable families 08.00 – 13.00 - June 1[st] early years to reopen: ACE Childcare opens 09.00 – 15.00 - June 22[nd] : ACE Childcare extends hours 08.45 – 17.15 - Beginning of July: ACE Childcare extends hours 08.00 – 17.30 - July 23[rd] : asked parents to return to paying fees ▪ July 23[rd] : Holiday Playscheme & ACE Childcare 08.00 -17.30 runs until August 28[th] - ▪ September 2[nd] : ACE Pre-School staff return to work This has been a very testing time, mostly running on the unknown due to the lack of guidance from the Local Authority and Government. The staff have worked tirelessly to make as much as we can work for the children and their families. The Charity has benefitted from the furlough scheme and various sustainability grants. The finances of the charity have been detrimentally affected following complete closure for one week after a positive Covid-19 case and again for an additional two days when a member of staff tested positive. The new self-isolation rules will hopefully prevent further closure. ACE Childcare is at full capacity and has an unprecedented amount of families on the waiting list. All ACE Childcare staff attended Generalist Safeguarding training, delivered by Lexy Tuckwell and Helen Ruff via zoom. Leigh Roscoe-Styler continues to keep us all up to date with the training central record. September 2020 saw the management of ACE PreSchool taken over by Lin Englishby and James Corfield, managers of the childcare setting. This has enabled a more cohesive team between the two settings. ACE PreSchool continues to provide outstanding care and pedagogy for the two year old’s who attend. Over 60% of the children that attended in 2020-2021 were in receipt of Two Year Funding. 3 | P a g e ## **The ACE Centre: Annual Report 2021** ___________________________________________________________________ The ACE Childcare and ACE Pre-School team are extremely committed to the development of their practice and receive very high praise from the families who attend. Throughout the pandemic, both settings have been sterilising and cleaning resources at the end of each day, this has resulted in resources looking very used and tired. The Trustees agreed that £200 could be spent on replacing some key resources to keep the environment inviting and exciting. Sophie Keenan has left ACE Childcare to join Nursery school in a one-to-one support role. We have an afternoon post vacant which we are finding very difficult to fill due to lack of applicants. I believe that a lot of sectors nationally are struggling to recruit employees. We will continue to advertise the post on various different platforms. This year has been challenging in so many different ways and we are thankful to the teams for the commitment and unwavering dedication to the children and families who attend the setting. 4 | P a g e **The ACE Centre: Annual Report 2021** ___________________________________________________________________ ## **The Activities, Childcare and Education Centre Limited Income and Expenditure Account by Class 1st April 2020 to 31st March 2021** |**Income**
Bank Interest
Barclays Loyalty Reward
Donation
EEF
Fees
HMRC CJRS
Other Grants
Other Income
**Total Income**
**Expense**
Administration recharges
Audit
Bank Charges
Cleaning & Hygiene Consumables
Clothing
Consumable Purchases
DBS Charge
Equipment
Insurance
IT Charges
Miscellaneous
Other Grants Expense
Payroll bought in services
Pension
Photocopying
Postage
Premises costs
Premises recharges
Refreshments
Registration Fees
Rent
Resources
Salaries
Software
Stationery
Subscriptions
Telephone
Training.
**Total Expense**
**Surplus/Deficit**|ACE
ACE
CHILDCARE
PRESCHOOL
CORE
GRANTS
TOTAL| |---|---| ||1,469
1,469
28
28
228
228
7,560
31,718
39,278
129,669
7,038
136,707
27,621
9,928
37,549
2,573
2,573
40,303
5,356
6
45,666| ||205,153
54,269
1,504
2,573
263,499| ||9,530
4,764
14,294
396
396
20
197
217
32
32
97
65
162
1,962
261
15
2,239
204
40
244
78
110
188
748
748
748
2,243
643
643
392
1,678
302
904
72
1,279
2,573
2,573
588
172
106
866
7,315
454
7,769
176
251
4
432
75
97
173
57
2,929
2,986
2,591
1,060
3,651
4,866
109
4,975
58
58
268
383
3,667
1,806
5,473
204
334
537
182,286
31,809
5,534
219,629
469
256
52
778
52
6
80
137
464
464
25
25
25
74
342
273
614| ||216,386
47,134
8,393
2,573
274,487| ||| ||-11,233
7,134
-6,889
-10,988| 5 | P a g e REGISTERED COMPANY NUMBER: 03289942 (England and Wales) REGISTERED CHARITY NUMBER: 1060208 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR THE ACTIVITIES. CHILDCARE AND EDUCAnON CENTRE LIMITED Bronsens Chartered Certified Accountan15 Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH THE ACTIVITIES, CHILDCARE ANO EDUCATION CENTRE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PMRCH 2021 Pag• Roforone• and Admlnl•tr•tfve D•tall• Raport of Iha Tru•t••s 2 10 3 Ind•p•ndenl Examln•fs Rfrport Stat&m•nt of Flnancl•l Actlvltl•• Bal4n¢• Sh••t 6 10 7 Not•• to thè Flnanclal Stat•m•nl• 8 to 13 THE ACTIVITIE8, CHILDCARE AND EDUCATION CENTRE LIMrrED REFERENCE AND ADMINISTRATIVE DETAIL3 FOR THE YEAR ENDED 31 MARCH 2021 TRU8TEE8 Mr J WAk•fl•ld (roskJn•d 7.12.20) Mr8 E Hutthtrwji IAr D D•vhJ•on {r•*n•d 31.721) E Colo• Mr D i)J¢ Mrn S pur￿•1 COMPANY SECRETARY Mr• E HutcNng• REG18TrRED OFFICE Burford Ro•d CHIPPING NORTON Oxford*hlr• OX7 5DZ RE018TERED COMPANY NUMBER 03289942 (Ery1￿ Ind Wah•) REa18TeRED CHAAITY NUMBER I(￿208 INDEPENDENT EXAMINER Ch•rt8r•d C*1111wl A¢￿U￿tantl HMhkl• bion Str•8t CNpplng Nort Oxlord•hlr• OX7 SBH Pfjgg 1 THE ACTMTIES. CHILDCARE AND EDUCATION CEMTRE UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The trusteès who are also dlr8Ctors of the charty for the purposes of the Companles Act 2006. present thelr report ￿th the flnanclal statements of the chadty for tho year ended 31 Marth 2021. The INsts88 have adopted the provisions of A¢¢ounling 8nd Reportlng by Chadtl8s'. Stalem8nl of R8commend8d practi￿ appllcable to charflles preparfng Ihelr aC￿trunts In accordance the Flnanclal RepOl￿ng St8ndard 8ppllcabl8 In the UK and Republlc of Ireland IFRS 1021 leffedve 1 January 20191. OBJECTIVES AND AcmvinES ObJ•ctlv•i and alm• The prlnclpal actlvlty of the charltable company Is that of provldlng facllhles for the dally care, recreallon and oducafjon of the chlldren 8nd Ihèlr ￿rents and carer8. who are In need of 8uch f8dlth88 by reason of thelr age. poverty or 80dal. 8conornlc and geographlc41 drcJJmstance8. Slgnlflcant •¢¢lvlti De8plle tha Impact of COVID-19 all staff havo condnued lo work wSlh commllment Bnd energy to provide the very best care and educgllon to our chlldren. Thls has ensured that our familles and cthlldren have been provkled wfth the 81ablllty and Se￿rtty so needed durfng th888 unwec8denl8d llme8. Durlng IhL8 P8rSod COVlfN19 has odversdy Impgcted IrKome, due lo lockdowns. reduced numbers, dosur08 due to posttlve cases and the nggd to self480101o. HowoveT, wr flnandgl poslllon has bèen mlllgalgd somewhat by SU8talnablllty grant8 from OCC amounung 10 £30,QC(l. and a WODC small bu¥lnes8 grant of £IO.CK)O, logolher wllh the We h8ve contsnuad to offér hlgh quallty chHdcar8 provl8lon In both ACE Chlldcare and ACE Pre sch¢￿1, belng d88lgnaled by Of81ed a8 belng Outstandlng In October 2019. We work partnershlp wlth Th8 ACE Centre Nursery School, rated out8tandlng {Ofsl6d 20181. Thls enablès young chllJren In our fa814rowlng communlty to access hlgh quallty afftxdable care and eduCa￿on In thelr flrnt Ilve years. ACE Pre-Schtx)I confjnue8 to flourf8h wthln a now 8taffing 81ru(lure, brlnglng our und8r-thr8e team8 d088r togelhgr under the same management, whlch has resulted In both operauonal advantages and financlal savlng8. Staff rLJnlinue to provlde a secure and 8llmulallng envlronmenl fvKJ year olds, dedicated to enhanclng the envlionm8nl wllh ro8ourc98 Ih8t are age approprfate and enlldng for these young chlldTen, bgglnnlng Ihelr leBmlng loumey. We werg $ucc889ful In 8pplylrrfJ for a grant of £2,900 from OCC lo enhgnce our outdoor play aroas, ugod to enhance 8 tArmac path wlth a chlld-frfendly safety 8urf8ce. ACE Chlldc4ro 0)ntlnu88 lo flourf8h, P￿dIng a safe and 8ecvre envlronment for our youngest chlldren, despllè tlwficull pgrfod in January 2021 when staff were requlred lo retum lo dolivering full provision whilst COVID levels wer8 extremely hlgh In the communty. They coped wllh thls 81re8sful perlod wlth gr8al fortllude, conllnulng lo W￿de the excellent prowslon. The Staffing group r8maln8 sl8bl8. whlch enables ACE Chlldcare to be a secure pl8c8 for chlldren, adults who are famlliar and tru8tsd. ACE Chlldcare Is al full capadty and ha8 an unprecedenletj number of fam11188 on our walllNd Ilsl. The y88r ha8 ended C￿ a1888 KKl8ffjve nots, wlth flnanclal dlfflcJJttk88 8nd an uncertaln future. Dlsablod Employees The ch8ftt8ble company glves full conslderallon to a￿lCatIonS for empbyment by dlsablgd pgrsons. Flxed As#•t• Changes irb ffixed o¥$ets durlng the yegT are sel out In the notss trj the financi81 statements. Page 2 THE ACTMTIES, CHILDCARE ANO EDUCATION CENTRE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 OBJECTIVES AND ACTNMES Publlc bgn•fit The Trustaas reM8w the alm5, ok4ectives and activitles esch year. We look al %that wa have achlevèd In le￿n8 of the 8ucce$s of each key Bctlvhy and the beneffts we have brotsaht to the ttjmmunlty. Th15 review also helps us lo en8ur6 our olms. oblectlve8 and actlvlle& remaln focu88ed on our 8tated purpo3es. We have referred lo the guidance contalned In the Chadty Commlsslon's 98ngral gukjance on publlc bonefll when re￿￿n9 our 8lm8 and obleclives and In plannlng our future aclivil'a8. In parUoJlar the Trusloes conslder how planned 8dvilles wlll wnltibule to the alm8 and coledves w6 have 8el. STrUCTURE, GOVERNANCE AND MANAGEMEpir Govgrnlng documont Th8 charity 18 conlroll•d by Its govemlng documenL a deed of trust. And consututes a Ilmlled company, Itmlled by guarantee. 88 dofin8d ty tho Compankns Act 2006. 8TATEMEfrif OF TRLISTEES. RE8PON8IBIUTIE8 The trustees {vtho are also the dlrectors of The Chlldcar8 8nd Educallon Céntre Llmltad for the purpo808 of company lawl are responslble for preparlng the Report of tho Truslee8 and the llnandal $t8tsmenls In accordance vAlh applicable law and Unlted Klngdom Accountlng Stsndords Iunlled Klwdom Generalty Accepted Accounung Practk•l. Company18w requ1rn8 the trustees to prepare ffinandal 8tgtemont8 for each fln8ncl81 yèar ¥thlch glve a true and falr vlow of the stata of affalrs of tho ch8dlablo company and of the Ino)mlng r880urce8 and SP￿1¢allOn of le￿urCes. Includlrwj the Income arKI exwndilure, of the charltsbla CA)mp4ny for that perbd. In prepadng tho8e ffinanclal statements, the trustee8 are r4ulred lo 8el•ct Sultab￿ acowndng WkI08 and than 8pply thèm ts)ns18tsnlly,' obserye tho methods and prlnclFq08 In lh• Charlty SORP., make ludgemtsnts and esllmales that are re88onablo and prudent: prepare the flnandal statements on the wlng coneam basiy unleos tt 1$ Inapproptlale to pre8uffle that Ihe ch8rftablg mp8ny conunue in bu$ln988. The trustees are responslble for keeping prc¢$8r accounUng records whlGh dlsclose wllh reasonabl& 8¢¢uracy 8t any tlme the fln8nclal posllbn of the Charllable comp8ny and to enable them to 8nsure that the finandal slotgments comply wllh the Companlès Act 2006. They are a190 respon51b￿ for Sofgguardlng Ihg 8$8ets of the charItat￿e company and henc& taklllg reÈ8onablg steps for the preven￿On 8fKI dete¢llon of fraud and other Irrogulatlilos. Thls report ha8 been prnpared in a￿dance wlth tho special provlslon8 of Part 15 of the Conynl68 Act 2008 rel8tkng to 8mall comp8nle8. )provod by order of the board of InJ81e88 ￿ 28 Septémber 2021 and slgned on Its behaw by. /// E Hutchings- Secrptary Pgge 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED Indop•ndgnt oxamlnofs rgport to the trustsos of Thg Actl¥ltI￿, Chlld¢ar• •nd EducAtlon C•ntr• Llmltgd Dh• Company) I report to thè char(ty trustees on my examina￿On of the accthints of the Company for the yaar ended 31 March 2021. Rospon¥lbllltles and b&8ls of rnport As the ch8rlty's tnJ8iees of the Compary (and also Its dlroclors foT tho puTposes ol o)mpany law) you aro rasponslble for the rAopar8tion of Ihe a(￿Unts In accordanoe wSih the requirements of the Companles Act 2C¥J6 Ilha 2006 Art). Havlng satlsfiad myself that the accounts of the Company ore not requlred lo be oudlted under Part 16 01 the 2(H)6 Act and are ellglble for Independent gxam1ng￿On. I report In rospect of my examlnallon of your chadty's Accounts as carrled out uThJgr secuon 145 of the Charflies Act 2011 Ilhe 2011 Act,). In carrylng out my examination I have followed the Directions glvon by Ihg Charity Comml$8lon under seGlbn 145151 Ibl of the 2011 Act. Ind&p•ndent •xamlnerf• statom•nt Slnce your charlty's gros8 Incom6 exceeded £2SO.000 your ex8mln8r must be a memtrxgr of a Ilsted body. I can conflrm that l am quallfled to undertake th6 •xamlnatlon becaus8 l am a reolsler•d member of ICAEW vthi¢h 18 one of th• 11sted bodl88. I hav8 completed my examln811on. I confirm thal no matters havo ￿me to my attenlknn In connethn wlth I examlnallon gmng me cause to Ix*ll8ve.' 8ccountlng records were not kept In re8P•Ct of tho Company as roqulrod by ty￿n 386 of thè 2006 Act; or the 8ccount8 do not accord wllh Ih08e T•cords,' or tho a￿Unts do not comply ￿th the aocounung requlrements of $eGtlon 396 of the 2006 Act Qthgr than any r•quirgm8nt that Ihe accounts glve a Iru8 and falr vlew whlch 18 a matt8r consldored 88 part of an Independent examlngtlon., or lh8 gCLounl$ hgvo r￿t been prepared In accordance wlth methods and p￿nCI￿a8 of the Stslement of Re¢ommerbdgd PrgdlGg for 8cwunllng gnd reportlng by charltlos lappllc8bl8 to charlll88 praparlng th¢lr accounts In otLordAn¢è w6th thè Flnanclal Reporung Standard appllcable In the UK and Republlc of Ireland IFRS 10211. I have no concems and have ccme across no other matters In connectIc￿ wlth the examlnalion lo vthlth attenfjon ghould h dr8wn In thls report order to ènablè a proper underslandlng of the accounts lo b8 reached. Phlllp J Burton FCA ICAEW Bronsens Chartered C¢rtified A￿oun￿nts Hillsld9 Ablon Streot Chipping Norton Oxfordshlre OX7 5BH 28 S8ptember2021 Pag8 4 THE ACTivmE8, CHILDCARE AND EDUCATION CENTRE UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 31.3.21 Total funds 31.3.20 Total lund8 Unrestrfctod funds Restslcted fijnd Notss INCOME AND ENDOWMENT8 FROM Donations and legades 226 Charlt•bl• •ctlvlll Granl Income F•9 IrN> 84,944 136,707 60,769 222,836 136.707 Other trading acilvities Investment InGomo Other Inc(Mne 1.839 1,639 1,498 37,549 1,498 37,549 1,729 Total 280,924 1,639 282,563 285,988 EXPENDITURE ON Chlrltabh *ctlvlUo• Dlrect charftsble expendlture 10,018 10,016 12,883 01 266.008 2.573 268.581 285,338 Tol•l 278,024 2,573 278,597 298,221 NET INCOMEIIEXPENDITURE) 115.1(N)I (9341 116.0341 112,2331 RECONCILIATION OF FUND8 Total fund• brought forward 128,056 23,700 151,756 163,989 TOTAL FUNDS CARRIED FORWARO 112,956 22,786 135,722 151,756 The notes form part of the86 flnandal statements Page 5 THE ACTMTIES, CHILDCARE AND EDUCATION CENTRE LIMITED BALANCE SHEET 31 MARCH 2021 31.3.21 Total nds 31.3.20 Total fund8 Vnresmcted funds Rathcted fijr FIXED ASSETS Tonglblo assels 16 16 18 CURREKf ASSETS Debtors Cash at bank 10 5,238 118,181 5,238 140,947 6,214 152,869 22.766 123.419 22.766 148.185 159,083 CREDrroR8 Amounts 18lllng du8 wRhin one year 11 110.4791 110.4791 (7.345) NET CURRENT ASSETS 112.940 22.788 135.706 151,738 TOTAL A88ET8 LESS CURRENT LIABILmE3 112,956 22,766 135,722 151.758 NET ASSETS 112.956 22,768 135.722 151,756 FUNDS Unrestriotod fvnd8 R•8lrfcl•d fund8 12 112,958 22.786 128,056 23,700 TOTAL FUND8 135,722 151,756 The chafftable compny 18 entmed to 8xèmpUon from sudK under Sècllon 477 of the Companlèy Act 2006 for the ￿Or anded 31 March 2021. Tho members have not required the ccrfnpany to obtaln an oudit of Its flnandal statements for the year endèd 31 March 2021 In 8ccordan¢g wllh S8ctlon 476 of the Companies Act 2006. Thè In18188s 8d(nowledge thelr resFonsblllllg8 for IA) ensuring that the thorltable company ke8ps amwnUrvJ records that wmply wlth Sedons 386 and 387 of the Companies Act 2006 and preparing financlal stalemgnts whl¢h give g Irug and falT vlew of thg ststo of affairs of the ¢harit8ble company 08 al the end of each flnandal yeBr and of tts surplus or defictt for 88ch financlal yegr In 8ccord8nce wlh Ihe requirements of Sections 394 and 395 and wh¢ch olherwlse o)mply wtth the requiremenls of the Companles Act 2006 r8Lqllng to finandel st8tamants, so far 8s applkgbFe to thg th8rftobl8 0)mpany. (b) The notes fom part ofthese finandal statements Page 6 continued... THE ACTMTIE8, CHILDGARE AND EDUCATION CENTRE LIMrrED LANCE 8HEEf. contlnu•d 31 MARCH 2021 Th••0 Iln&ndal si¥tem•nts hav• b￿n pr•par•d kn vlth th• provhbns appllc4bkn to ch•rftabl& c￿[r￿an1*• •ubl•GI to th• small comp&nlM r•alm•. Th• fln•ncl•l 8laloment• w•ro •FprowJ by lh• Board crf TnJ•laM •rKI authorl••d for luu• an 28 S•pleffb•r 2021 and V•W• ¥hJn•d on lkn b•￿11 by, Mrn S PurnMII - Tru Th8 rth8 part oftho80 finand818tat8ments Pog• 7 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Ba•ls of pr•parlng t￿ financlal Statomonts The flnandal Statements of Ihe charftablo company, whlch Is a public b8n8fil entity under FRS 102. have been prepared In aC￿rdance Wth the Charitses SORP IFRS 1021 'Accounting and Reportlng by Charities.. Statement of Recommend￿j Practlce applicable lo Cher￿e$ prepBrfng Ihalr Bccounts In accordance wlth the Flnandal Reportlng Stsndard appllc8ble In the UK and Ropubll¢ of Ireland IFRS 1021 leff8dve 1 January 20191,, Flnand81 Reportlng Standard 102 'The Financlal Rew)rtlng Standard appllcable In the UK and Republlc of IrelarKI' and the Compani88 Act 2006. Tha fin8nclal stal8ments have been prepared under the hlstorlcal c08t convention. Incomè All Income 1$ r8cognl8ed In the Sta19ment of Fln8nclal Advlil88 orKe the charfty has entlttgmonl to th8 furKl8, It 18 prObat￿e that the Income s￿11 b8 recalved and the amount can ￿ moasured rellably. Exp•ndltur• Llablllties are re(￿nISed a8 exp8ndI￿re 88 #oon as Ih8re Is 8 18981 ￿ cLJn8tructlve obllg8tk)n corrwnlttlng th ch8rfty lo Ihal exp8ndllure, 11 Is probable that a transfor of economlc benefltg ￿11 be requlrad In ¥oWemonl and th8 amount of the obf1g8UC￿ cgn be mea8ured rellably. Expendlbjre Is accounted for on an acuuals bas18 8nd ha8 boen dasslfled undor headlngs that aggrogo10 all w$1 Telaled lo the category. Where costs Gannot be directly attflbu18d to parll¢wlar hoadlngs Ih8y have been allocated lo 8CtlvMle$ on a ba818 con81slenl wlth the u8e ol resources. T•nglbl• flx•d 1•80ts D8preclallon Is provided al the follww annual rate6 In order to wrllo off eoth assat ovar Its 88tlmated u88fv1 Offlce fumlture and equlpment 15% on roduolng balance T•x•tlon Tho ¢harlty Is gxgmpl from c*Nporotion tsx on Its tharitsble actlvllth, Fund accountlng Unra$trlthd funds bè used In 8ccord8nc8 wlth the th8rltable obledveg at thg dlscrellon of the trust888. Restricted funds can onty be used for partI￿18r reslrfcted purpo885 wlthln the objects of the charfty. Resldcticr arlye when spedfied by the dorbor ￿ when fund3 are ra13ed for partlcular reslrfcted purpo888. Furlhèr 6xpl8naUon of th6 nature #nd purpo88 of 68th fvnd18 Induded In the note8 to the flnanclal 8tat8ments. Hlro purcha8• and lèa•lng commhm•nts Rentals paid under operating leases are charyed to the Stslement of Flnandal Actlvrtle$ on 8 stralght Ilne bas over the perkxl of the lease. P•n•lon co•ts The charltabla company conlrlbut88 to the emt4oyee8' pens￿ 8ch¢mo. Contrbution$ poyabkn for the year ar charged as resources expended. Pag¢ 8 conunued... ThE ACTMTIES, CHILDCARE AND EOUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 MARCH 2021 DONATIONS AND LEGACIES 31.3.21 31.3.20 DonaUon$ 226 OTHER TRADING ACTIVITIES 31.3.21 31.3.20 Incom8 1,639 INVESTMENT INCOME 31.3.21 31.3.20 DoF(JSrt a¢(￿Unt Interest 1,498 1.729 INCOME FROM CHARITABLE ACTIVrnE8 31.3.21 31.3.20 Actlvlty Grant Income F88 Incom& Fee Inoome Grants Fees Grant8 60,769 219,144 3,692 136,707 221.651 283,605 Grants racA•S￿d, Included In t￿ above, or• a8 follows: 31.3.21 31.3.20 EEF grants Local Aulhorlty fundlng Othar grants 39.278 45,666 44,913 14,270 5,278 84.944 64,461 NET INCOMEI(EXPENDrruREI Ngt InGomellexpendrturel Is Stated #fter charglnty{credhlngl'. 31.3.21 31.3.20 Depredatk)n- owned a$sets Hire of plant and machlnery 11,7LKI 11,338 P8ge 9 conllnued... THE ACTNMES, CHILDCARE AND EDUCATION CENTRE UMITED NOTES TO THE FINANCIAL STATEMENTS- conUnu•d FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REMUNERAnoN AND BENEFITS There were no truste88' remuneration or olher boneffts for tho yoar ￿ded 31 March 2021 r￿r for the y88r ended 31 Marth 2020. Tru•tso•' exp•n t)uring the year Ih8re wore no expgns6s paid to trustses 12020.. c￿6 Ir118tsa wa6 pald £6,139 In r8sF￿￿ of profes￿onal seryices rendered). COMPARATIVES FOR THE 8TATEMENT OF FINANCIAL ACTIVMES Unre8trlcled nds Re8trlcled fund Total fiJnd8 INCOME AND ENDOWMENTS FROM Don811on8 and iagade8 654 Ch#rlthbl• •ethihl•• Gronl InMme Fe• In¢xm8 14.270 60,789 222,838 222,836 Inv8Blmonl In￿m• 1,729 1,729 Total 271.718 14,270 285,988 EXPENDITURE ON Charftable actlvStlo• Dlrect charltable 8xp8ndltur8 12,883 12,883 Other 270,432 14,W6 285,338 Total 283,315 14,908 298,221 NET INCOMEIIExpeNDiniREI (11,5971 (6361 112,233) RECONCILIATION OF FUND8 Total lund• brought forward 139,653 24,336 103,989 TOTAL FUNDS CARRIED FORWARD 128,056 23.700 151,756 Page 10 tinued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINAIICIAL STATEmE1￿s - conttnuod FOR THE YEAR ENDED 31 MARCH 2021 TANGIBLE FIXED ASSETS fumlbjre and •qulpmenl COST Al 1 ￿rI1 2020 arKI 31 March 2021 819 DEPRECIATION At 1 Aprll 2020 Charge for year 801 At 31 March 2021 803 NET BOOK VALUE Al 31 March 2021 16 At 31 March 2020 18 10. DEBTORS: AMOUNTS FALLING DUE wrrfriiN ONE YEAR 31.3.21 31.3.20 Trade debloT8 Prepayments 5.173 65 6.150 5.238 6.214 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Trade credltors AceNed expen 9,579 8,845 10.479 7,345 12. MOVEMENT IN FUNDS Nel movement In funds At 31.3.21 At 1.4.20 Unre8trlct8d fund• General lund 128,056 (15,1CQI 112.958 Restrfcted lund8 Deslgnated fijnds 23,700 1934) 22,766 TOTAL FUNDS 151.756 116.034) 135.722 P&g911 continued... THE ACTMTIE& CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- corrtlnu•d FOR THE YEAR ENDED 31 MARCH 2021 12. MOVEMENT IN FUNDS- contlnu Net movement In funds, inc4uded in Ihe at4)ve are as follows.. Incomkng resources ResouT exp8nded MOvem￿t in fund8 Unro•trlcted fund• General lund 260,924 {276,0241 115,1001 R•strlctgd lunds Designated fijnds 1.639 {2.5731 (9341 TOTAL FUND8 262,563 1278.5971 116,0341 Comp•ratlvo8 for movem•nt In fund• movem8nl funds Al 1.4.19 31.3.20 Unrnstrlct•d fund8 General fund 139,863 {11,5971 128,056 Re8trlct•d fund• Deslgn8led funds 24.336 (6361 23,700 TOTAL FUNDS 163,989 {12.2331 151,756 CompaTaUv8 net movement In fund8, Included In the above are as follows.. Incomlng resources Rgsources expended Movement In funds Unro¥trlctod fund• General fund 271.718 1283,3151 {11.597) Rg¥trl¢tgd fund• Designated funds 14.270 114,SfhSI {636} TOTAL FUND8 285,988 1298,2211 {12,233} Pago 12 conllnued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnugd FOR THE YEAR ENDED 31 MARCH 2021 12. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.21 At 1.4.19 Unrestrlcted funds General fund 139,653 126.697) 112,956 Re8trlct8d fund8 Designated funds 24,336 (1,570) 22,768 TOTAL FUNDS 163,989 28 2671 135 722 A current year 12 months and prior year 12 months combined net movement in funds, included in the atove are as follows.. Incoming sources Resources expended Movement in funds Unre8tri¢tod lund• General fund 532,642 1559,339) 126,6971 Restrlcted fund8 Designated funds 15,909 117,4791 11,5701 TOTAL FUNDS 548,551 576 8181 28 2671 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2021. 14. FUNDS Unre$tri¢led fvnds are for general purposes for expenditure at the discretion of the trustees wilhout restriction. Restricted fvnds represent fund5 that have been éesignaled for core activities and will be utilised against specific expenditure5 in fvture periods. Page 13 REGISTERED COMPANY NUMBER: 03289942 (England and Wales) REGISTERED CHARITY NUMBER: 1060208 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR THE ACTIVITIES. CHILDCARE AND EDUCAnON CENTRE LIMITED Bronsens Chartered Certified Accountan15 Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH THE ACTIVITIES, CHILDCARE ANO EDUCATION CENTRE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PMRCH 2021 Pag• Roforone• and Admlnl•tr•tfve D•tall• Raport of Iha Tru•t••s 2 10 3 Ind•p•ndenl Examln•fs Rfrport Stat&m•nt of Flnancl•l Actlvltl•• Bal4n¢• Sh••t 6 10 7 Not•• to thè Flnanclal Stat•m•nl• 8 to 13 THE ACTIVITIE8, CHILDCARE AND EDUCATION CENTRE LIMrrED REFERENCE AND ADMINISTRATIVE DETAIL3 FOR THE YEAR ENDED 31 MARCH 2021 TRU8TEE8 Mr J WAk•fl•ld (roskJn•d 7.12.20) Mr8 E Hutthtrwji IAr D D•vhJ•on {r•*n•d 31.721) E Colo• Mr D i)J¢ Mrn S pur￿•1 COMPANY SECRETARY Mr• E HutcNng• REG18TrRED OFFICE Burford Ro•d CHIPPING NORTON Oxford*hlr• OX7 5DZ RE018TERED COMPANY NUMBER 03289942 (Ery1￿ Ind Wah•) REa18TeRED CHAAITY NUMBER I(￿208 INDEPENDENT EXAMINER Ch•rt8r•d C*1111wl A¢￿U￿tantl HMhkl• bion Str•8t CNpplng Nort Oxlord•hlr• OX7 SBH Pfjgg 1 THE ACTMTIES. CHILDCARE AND EDUCATION CEMTRE UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The trusteès who are also dlr8Ctors of the charty for the purposes of the Companles Act 2006. present thelr report ￿th the flnanclal statements of the chadty for tho year ended 31 Marth 2021. The INsts88 have adopted the provisions of A¢¢ounling 8nd Reportlng by Chadtl8s'. Stalem8nl of R8commend8d practi￿ appllcable to charflles preparfng Ihelr aC￿trunts In accordance the Flnanclal RepOl￿ng St8ndard 8ppllcabl8 In the UK and Republlc of Ireland IFRS 1021 leffedve 1 January 20191. OBJECTIVES AND AcmvinES ObJ•ctlv•i and alm• The prlnclpal actlvlty of the charltable company Is that of provldlng facllhles for the dally care, recreallon and oducafjon of the chlldren 8nd Ihèlr ￿rents and carer8. who are In need of 8uch f8dlth88 by reason of thelr age. poverty or 80dal. 8conornlc and geographlc41 drcJJmstance8. Slgnlflcant •¢¢lvlti De8plle tha Impact of COVID-19 all staff havo condnued lo work wSlh commllment Bnd energy to provide the very best care and educgllon to our chlldren. Thls has ensured that our familles and cthlldren have been provkled wfth the 81ablllty and Se￿rtty so needed durfng th888 unwec8denl8d llme8. Durlng IhL8 P8rSod COVlfN19 has odversdy Impgcted IrKome, due lo lockdowns. reduced numbers, dosur08 due to posttlve cases and the nggd to self480101o. HowoveT, wr flnandgl poslllon has bèen mlllgalgd somewhat by SU8talnablllty grant8 from OCC amounung 10 £30,QC(l. and a WODC small bu¥lnes8 grant of £IO.CK)O, logolher wllh the We h8ve contsnuad to offér hlgh quallty chHdcar8 provl8lon In both ACE Chlldcare and ACE Pre sch¢￿1, belng d88lgnaled by Of81ed a8 belng Outstandlng In October 2019. We work partnershlp wlth Th8 ACE Centre Nursery School, rated out8tandlng {Ofsl6d 20181. Thls enablès young chllJren In our fa814rowlng communlty to access hlgh quallty afftxdable care and eduCa￿on In thelr flrnt Ilve years. ACE Pre-Schtx)I confjnue8 to flourf8h wthln a now 8taffing 81ru(lure, brlnglng our und8r-thr8e team8 d088r togelhgr under the same management, whlch has resulted In both operauonal advantages and financlal savlng8. Staff rLJnlinue to provlde a secure and 8llmulallng envlronmenl fvKJ year olds, dedicated to enhanclng the envlionm8nl wllh ro8ourc98 Ih8t are age approprfate and enlldng for these young chlldTen, bgglnnlng Ihelr leBmlng loumey. We werg $ucc889ful In 8pplylrrfJ for a grant of £2,900 from OCC lo enhgnce our outdoor play aroas, ugod to enhance 8 tArmac path wlth a chlld-frfendly safety 8urf8ce. ACE Chlldc4ro 0)ntlnu88 lo flourf8h, P￿dIng a safe and 8ecvre envlronment for our youngest chlldren, despllè tlwficull pgrfod in January 2021 when staff were requlred lo retum lo dolivering full provision whilst COVID levels wer8 extremely hlgh In the communty. They coped wllh thls 81re8sful perlod wlth gr8al fortllude, conllnulng lo W￿de the excellent prowslon. The Staffing group r8maln8 sl8bl8. whlch enables ACE Chlldcare to be a secure pl8c8 for chlldren, adults who are famlliar and tru8tsd. ACE Chlldcare Is al full capadty and ha8 an unprecedenletj number of fam11188 on our walllNd Ilsl. The y88r ha8 ended C￿ a1888 KKl8ffjve nots, wlth flnanclal dlfflcJJttk88 8nd an uncertaln future. Dlsablod Employees The ch8ftt8ble company glves full conslderallon to a￿lCatIonS for empbyment by dlsablgd pgrsons. Flxed As#•t• Changes irb ffixed o¥$ets durlng the yegT are sel out In the notss trj the financi81 statements. Page 2 THE ACTMTIES, CHILDCARE ANO EDUCATION CENTRE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 OBJECTIVES AND ACTNMES Publlc bgn•fit The Trustaas reM8w the alm5, ok4ectives and activitles esch year. We look al %that wa have achlevèd In le￿n8 of the 8ucce$s of each key Bctlvhy and the beneffts we have brotsaht to the ttjmmunlty. Th15 review also helps us lo en8ur6 our olms. oblectlve8 and actlvlle& remaln focu88ed on our 8tated purpo3es. We have referred lo the guidance contalned In the Chadty Commlsslon's 98ngral gukjance on publlc bonefll when re￿￿n9 our 8lm8 and obleclives and In plannlng our future aclivil'a8. In parUoJlar the Trusloes conslder how planned 8dvilles wlll wnltibule to the alm8 and coledves w6 have 8el. STrUCTURE, GOVERNANCE AND MANAGEMEpir Govgrnlng documont Th8 charity 18 conlroll•d by Its govemlng documenL a deed of trust. And consututes a Ilmlled company, Itmlled by guarantee. 88 dofin8d ty tho Compankns Act 2006. 8TATEMEfrif OF TRLISTEES. RE8PON8IBIUTIE8 The trustees {vtho are also the dlrectors of The Chlldcar8 8nd Educallon Céntre Llmltad for the purpo808 of company lawl are responslble for preparlng the Report of tho Truslee8 and the llnandal $t8tsmenls In accordance vAlh applicable law and Unlted Klngdom Accountlng Stsndords Iunlled Klwdom Generalty Accepted Accounung Practk•l. Company18w requ1rn8 the trustees to prepare ffinandal 8tgtemont8 for each fln8ncl81 yèar ¥thlch glve a true and falr vlow of the stata of affalrs of tho ch8dlablo company and of the Ino)mlng r880urce8 and SP￿1¢allOn of le￿urCes. Includlrwj the Income arKI exwndilure, of the charltsbla CA)mp4ny for that perbd. In prepadng tho8e ffinanclal statements, the trustee8 are r4ulred lo 8el•ct Sultab￿ acowndng WkI08 and than 8pply thèm ts)ns18tsnlly,' obserye tho methods and prlnclFq08 In lh• Charlty SORP., make ludgemtsnts and esllmales that are re88onablo and prudent: prepare the flnandal statements on the wlng coneam basiy unleos tt 1$ Inapproptlale to pre8uffle that Ihe ch8rftablg mp8ny conunue in bu$ln988. The trustees are responslble for keeping prc¢$8r accounUng records whlGh dlsclose wllh reasonabl& 8¢¢uracy 8t any tlme the fln8nclal posllbn of the Charllable comp8ny and to enable them to 8nsure that the finandal slotgments comply wllh the Companlès Act 2006. They are a190 respon51b￿ for Sofgguardlng Ihg 8$8ets of the charItat￿e company and henc& taklllg reÈ8onablg steps for the preven￿On 8fKI dete¢llon of fraud and other Irrogulatlilos. Thls report ha8 been prnpared in a￿dance wlth tho special provlslon8 of Part 15 of the Conynl68 Act 2008 rel8tkng to 8mall comp8nle8. )provod by order of the board of InJ81e88 ￿ 28 Septémber 2021 and slgned on Its behaw by. /// E Hutchings- Secrptary Pgge 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED Indop•ndgnt oxamlnofs rgport to the trustsos of Thg Actl¥ltI￿, Chlld¢ar• •nd EducAtlon C•ntr• Llmltgd Dh• Company) I report to thè char(ty trustees on my examina￿On of the accthints of the Company for the yaar ended 31 March 2021. Rospon¥lbllltles and b&8ls of rnport As the ch8rlty's tnJ8iees of the Compary (and also Its dlroclors foT tho puTposes ol o)mpany law) you aro rasponslble for the rAopar8tion of Ihe a(￿Unts In accordanoe wSih the requirements of the Companles Act 2C¥J6 Ilha 2006 Art). Havlng satlsfiad myself that the accounts of the Company ore not requlred lo be oudlted under Part 16 01 the 2(H)6 Act and are ellglble for Independent gxam1ng￿On. I report In rospect of my examlnallon of your chadty's Accounts as carrled out uThJgr secuon 145 of the Charflies Act 2011 Ilhe 2011 Act,). In carrylng out my examination I have followed the Directions glvon by Ihg Charity Comml$8lon under seGlbn 145151 Ibl of the 2011 Act. Ind&p•ndent •xamlnerf• statom•nt Slnce your charlty's gros8 Incom6 exceeded £2SO.000 your ex8mln8r must be a memtrxgr of a Ilsted body. I can conflrm that l am quallfled to undertake th6 •xamlnatlon becaus8 l am a reolsler•d member of ICAEW vthi¢h 18 one of th• 11sted bodl88. I hav8 completed my examln811on. I confirm thal no matters havo ￿me to my attenlknn In connethn wlth I examlnallon gmng me cause to Ix*ll8ve.' 8ccountlng records were not kept In re8P•Ct of tho Company as roqulrod by ty￿n 386 of thè 2006 Act; or the 8ccount8 do not accord wllh Ih08e T•cords,' or tho a￿Unts do not comply ￿th the aocounung requlrements of $eGtlon 396 of the 2006 Act Qthgr than any r•quirgm8nt that Ihe accounts glve a Iru8 and falr vlew whlch 18 a matt8r consldored 88 part of an Independent examlngtlon., or lh8 gCLounl$ hgvo r￿t been prepared In accordance wlth methods and p￿nCI￿a8 of the Stslement of Re¢ommerbdgd PrgdlGg for 8cwunllng gnd reportlng by charltlos lappllc8bl8 to charlll88 praparlng th¢lr accounts In otLordAn¢è w6th thè Flnanclal Reporung Standard appllcable In the UK and Republlc of Ireland IFRS 10211. I have no concems and have ccme across no other matters In connectIc￿ wlth the examlnalion lo vthlth attenfjon ghould h dr8wn In thls report order to ènablè a proper underslandlng of the accounts lo b8 reached. Phlllp J Burton FCA ICAEW Bronsens Chartered C¢rtified A￿oun￿nts Hillsld9 Ablon Streot Chipping Norton Oxfordshlre OX7 5BH 28 S8ptember2021 Pag8 4 THE ACTivmE8, CHILDCARE AND EDUCATION CENTRE UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 31.3.21 Total funds 31.3.20 Total lund8 Unrestrfctod funds Restslcted fijnd Notss INCOME AND ENDOWMENT8 FROM Donations and legades 226 Charlt•bl• •ctlvlll Granl Income F•9 IrN> 84,944 136,707 60,769 222,836 136.707 Other trading acilvities Investment InGomo Other Inc(Mne 1.839 1,639 1,498 37,549 1,498 37,549 1,729 Total 280,924 1,639 282,563 285,988 EXPENDITURE ON Chlrltabh *ctlvlUo• Dlrect charftsble expendlture 10,018 10,016 12,883 01 266.008 2.573 268.581 285,338 Tol•l 278,024 2,573 278,597 298,221 NET INCOMEIIEXPENDITURE) 115.1(N)I (9341 116.0341 112,2331 RECONCILIATION OF FUND8 Total fund• brought forward 128,056 23,700 151,756 163,989 TOTAL FUNDS CARRIED FORWARO 112,956 22,786 135,722 151,756 The notes form part of the86 flnandal statements Page 5 THE ACTMTIES, CHILDCARE AND EDUCATION CENTRE LIMITED BALANCE SHEET 31 MARCH 2021 31.3.21 Total nds 31.3.20 Total fund8 Vnresmcted funds Rathcted fijr FIXED ASSETS Tonglblo assels 16 16 18 CURREKf ASSETS Debtors Cash at bank 10 5,238 118,181 5,238 140,947 6,214 152,869 22.766 123.419 22.766 148.185 159,083 CREDrroR8 Amounts 18lllng du8 wRhin one year 11 110.4791 110.4791 (7.345) NET CURRENT ASSETS 112.940 22.788 135.706 151,738 TOTAL A88ET8 LESS CURRENT LIABILmE3 112,956 22,766 135,722 151.758 NET ASSETS 112.956 22,768 135.722 151,756 FUNDS Unrestriotod fvnd8 R•8lrfcl•d fund8 12 112,958 22.786 128,056 23,700 TOTAL FUND8 135,722 151,756 The chafftable compny 18 entmed to 8xèmpUon from sudK under Sècllon 477 of the Companlèy Act 2006 for the ￿Or anded 31 March 2021. Tho members have not required the ccrfnpany to obtaln an oudit of Its flnandal statements for the year endèd 31 March 2021 In 8ccordan¢g wllh S8ctlon 476 of the Companies Act 2006. Thè In18188s 8d(nowledge thelr resFonsblllllg8 for IA) ensuring that the thorltable company ke8ps amwnUrvJ records that wmply wlth Sedons 386 and 387 of the Companies Act 2006 and preparing financlal stalemgnts whl¢h give g Irug and falT vlew of thg ststo of affairs of the ¢harit8ble company 08 al the end of each flnandal yeBr and of tts surplus or defictt for 88ch financlal yegr In 8ccord8nce wlh Ihe requirements of Sections 394 and 395 and wh¢ch olherwlse o)mply wtth the requiremenls of the Companles Act 2006 r8Lqllng to finandel st8tamants, so far 8s applkgbFe to thg th8rftobl8 0)mpany. (b) The notes fom part ofthese finandal statements Page 6 continued... THE ACTMTIE8, CHILDGARE AND EDUCATION CENTRE LIMrrED LANCE 8HEEf. contlnu•d 31 MARCH 2021 Th••0 Iln&ndal si¥tem•nts hav• b￿n pr•par•d kn vlth th• provhbns appllc4bkn to ch•rftabl& c￿[r￿an1*• •ubl•GI to th• small comp&nlM r•alm•. Th• fln•ncl•l 8laloment• w•ro •FprowJ by lh• Board crf TnJ•laM •rKI authorl••d for luu• an 28 S•pleffb•r 2021 and V•W• ¥hJn•d on lkn b•￿11 by, Mrn S PurnMII - Tru Th8 rth8 part oftho80 finand818tat8ments Pog• 7 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Ba•ls of pr•parlng t￿ financlal Statomonts The flnandal Statements of Ihe charftablo company, whlch Is a public b8n8fil entity under FRS 102. have been prepared In aC￿rdance Wth the Charitses SORP IFRS 1021 'Accounting and Reportlng by Charities.. Statement of Recommend￿j Practlce applicable lo Cher￿e$ prepBrfng Ihalr Bccounts In accordance wlth the Flnandal Reportlng Stsndard appllc8ble In the UK and Ropubll¢ of Ireland IFRS 1021 leff8dve 1 January 20191,, Flnand81 Reportlng Standard 102 'The Financlal Rew)rtlng Standard appllcable In the UK and Republlc of IrelarKI' and the Compani88 Act 2006. Tha fin8nclal stal8ments have been prepared under the hlstorlcal c08t convention. Incomè All Income 1$ r8cognl8ed In the Sta19ment of Fln8nclal Advlil88 orKe the charfty has entlttgmonl to th8 furKl8, It 18 prObat￿e that the Income s￿11 b8 recalved and the amount can ￿ moasured rellably. Exp•ndltur• Llablllties are re(￿nISed a8 exp8ndI￿re 88 #oon as Ih8re Is 8 18981 ￿ cLJn8tructlve obllg8tk)n corrwnlttlng th ch8rfty lo Ihal exp8ndllure, 11 Is probable that a transfor of economlc benefltg ￿11 be requlrad In ¥oWemonl and th8 amount of the obf1g8UC￿ cgn be mea8ured rellably. Expendlbjre Is accounted for on an acuuals bas18 8nd ha8 boen dasslfled undor headlngs that aggrogo10 all w$1 Telaled lo the category. Where costs Gannot be directly attflbu18d to parll¢wlar hoadlngs Ih8y have been allocated lo 8CtlvMle$ on a ba818 con81slenl wlth the u8e ol resources. T•nglbl• flx•d 1•80ts D8preclallon Is provided al the follww annual rate6 In order to wrllo off eoth assat ovar Its 88tlmated u88fv1 Offlce fumlture and equlpment 15% on roduolng balance T•x•tlon Tho ¢harlty Is gxgmpl from c*Nporotion tsx on Its tharitsble actlvllth, Fund accountlng Unra$trlthd funds bè used In 8ccord8nc8 wlth the th8rltable obledveg at thg dlscrellon of the trust888. Restricted funds can onty be used for partI￿18r reslrfcted purpo885 wlthln the objects of the charfty. Resldcticr arlye when spedfied by the dorbor ￿ when fund3 are ra13ed for partlcular reslrfcted purpo888. Furlhèr 6xpl8naUon of th6 nature #nd purpo88 of 68th fvnd18 Induded In the note8 to the flnanclal 8tat8ments. Hlro purcha8• and lèa•lng commhm•nts Rentals paid under operating leases are charyed to the Stslement of Flnandal Actlvrtle$ on 8 stralght Ilne bas over the perkxl of the lease. P•n•lon co•ts The charltabla company conlrlbut88 to the emt4oyee8' pens￿ 8ch¢mo. Contrbution$ poyabkn for the year ar charged as resources expended. Pag¢ 8 conunued... ThE ACTMTIES, CHILDCARE AND EOUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 MARCH 2021 DONATIONS AND LEGACIES 31.3.21 31.3.20 DonaUon$ 226 OTHER TRADING ACTIVITIES 31.3.21 31.3.20 Incom8 1,639 INVESTMENT INCOME 31.3.21 31.3.20 DoF(JSrt a¢(￿Unt Interest 1,498 1.729 INCOME FROM CHARITABLE ACTIVrnE8 31.3.21 31.3.20 Actlvlty Grant Income F88 Incom& Fee Inoome Grants Fees Grant8 60,769 219,144 3,692 136,707 221.651 283,605 Grants racA•S￿d, Included In t￿ above, or• a8 follows: 31.3.21 31.3.20 EEF grants Local Aulhorlty fundlng Othar grants 39.278 45,666 44,913 14,270 5,278 84.944 64,461 NET INCOMEI(EXPENDrruREI Ngt InGomellexpendrturel Is Stated #fter charglnty{credhlngl'. 31.3.21 31.3.20 Depredatk)n- owned a$sets Hire of plant and machlnery 11,7LKI 11,338 P8ge 9 conllnued... THE ACTNMES, CHILDCARE AND EDUCATION CENTRE UMITED NOTES TO THE FINANCIAL STATEMENTS- conUnu•d FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REMUNERAnoN AND BENEFITS There were no truste88' remuneration or olher boneffts for tho yoar ￿ded 31 March 2021 r￿r for the y88r ended 31 Marth 2020. Tru•tso•' exp•n t)uring the year Ih8re wore no expgns6s paid to trustses 12020.. c￿6 Ir118tsa wa6 pald £6,139 In r8sF￿￿ of profes￿onal seryices rendered). COMPARATIVES FOR THE 8TATEMENT OF FINANCIAL ACTIVMES Unre8trlcled nds Re8trlcled fund Total fiJnd8 INCOME AND ENDOWMENTS FROM Don811on8 and iagade8 654 Ch#rlthbl• •ethihl•• Gronl InMme Fe• In¢xm8 14.270 60,789 222,838 222,836 Inv8Blmonl In￿m• 1,729 1,729 Total 271.718 14,270 285,988 EXPENDITURE ON Charftable actlvStlo• Dlrect charltable 8xp8ndltur8 12,883 12,883 Other 270,432 14,W6 285,338 Total 283,315 14,908 298,221 NET INCOMEIIExpeNDiniREI (11,5971 (6361 112,233) RECONCILIATION OF FUND8 Total lund• brought forward 139,653 24,336 103,989 TOTAL FUNDS CARRIED FORWARD 128,056 23.700 151,756 Page 10 tinued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINAIICIAL STATEmE1￿s - conttnuod FOR THE YEAR ENDED 31 MARCH 2021 TANGIBLE FIXED ASSETS fumlbjre and •qulpmenl COST Al 1 ￿rI1 2020 arKI 31 March 2021 819 DEPRECIATION At 1 Aprll 2020 Charge for year 801 At 31 March 2021 803 NET BOOK VALUE Al 31 March 2021 16 At 31 March 2020 18 10. DEBTORS: AMOUNTS FALLING DUE wrrfriiN ONE YEAR 31.3.21 31.3.20 Trade debloT8 Prepayments 5.173 65 6.150 5.238 6.214 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Trade credltors AceNed expen 9,579 8,845 10.479 7,345 12. MOVEMENT IN FUNDS Nel movement In funds At 31.3.21 At 1.4.20 Unre8trlct8d fund• General lund 128,056 (15,1CQI 112.958 Restrfcted lund8 Deslgnated fijnds 23,700 1934) 22,766 TOTAL FUNDS 151.756 116.034) 135.722 P&g911 continued... THE ACTMTIE& CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- corrtlnu•d FOR THE YEAR ENDED 31 MARCH 2021 12. MOVEMENT IN FUNDS- contlnu Net movement In funds, inc4uded in Ihe at4)ve are as follows.. Incomkng resources ResouT exp8nded MOvem￿t in fund8 Unro•trlcted fund• General lund 260,924 {276,0241 115,1001 R•strlctgd lunds Designated fijnds 1.639 {2.5731 (9341 TOTAL FUND8 262,563 1278.5971 116,0341 Comp•ratlvo8 for movem•nt In fund• movem8nl funds Al 1.4.19 31.3.20 Unrnstrlct•d fund8 General fund 139,863 {11,5971 128,056 Re8trlct•d fund• Deslgn8led funds 24.336 (6361 23,700 TOTAL FUNDS 163,989 {12.2331 151,756 CompaTaUv8 net movement In fund8, Included In the above are as follows.. Incomlng resources Rgsources expended Movement In funds Unro¥trlctod fund• General fund 271.718 1283,3151 {11.597) Rg¥trl¢tgd fund• Designated funds 14.270 114,SfhSI {636} TOTAL FUND8 285,988 1298,2211 {12,233} Pago 12 conllnued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnugd FOR THE YEAR ENDED 31 MARCH 2021 12. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.21 At 1.4.19 Unrestrlcted funds General fund 139,653 126.697) 112,956 Re8trlct8d fund8 Designated funds 24,336 (1,570) 22,768 TOTAL FUNDS 163,989 28 2671 135 722 A current year 12 months and prior year 12 months combined net movement in funds, included in the atove are as follows.. Incoming sources Resources expended Movement in funds Unre8tri¢tod lund• General fund 532,642 1559,339) 126,6971 Restrlcted fund8 Designated funds 15,909 117,4791 11,5701 TOTAL FUNDS 548,551 576 8181 28 2671 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2021. 14. FUNDS Unre$tri¢led fvnds are for general purposes for expenditure at the discretion of the trustees wilhout restriction. Restricted fvnds represent fund5 that have been éesignaled for core activities and will be utilised against specific expenditure5 in fvture periods. Page 13