Annual Report
2022
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 2022
A Word from the Chairperson
2022 has been a challenging year with several changes to our usually stable staff team, particularly within the childcare team. Three staff are currently on maternity leave, and two other long serving members of staff, including our Manager, Lin Englishby, have moved on to new opportunities. We have also said goodbye to our Headteacher of 17 years, Helen Ruff. Helen has been very involved with the work of The ACE Centre charity settings over the years, and we thank her for all her support and guidance. We wish all our staff, past and present, happiness and joy in all they do.
We have recently appointed James Corfield to the role of Childcare Manager, (having previously been deputy), and Sophie and Grace to the role of seniors within Childcare. The new team is now working well together, although the ongoing sectorwide recruitment crisis means we are still understaffed. This means we are restricted on the number of new places we can offer, but we are sure to always maintain required ratios, and you can be confident that the quality of our offer to our children and families is never compromised.
ACE Pre-School has continued to run well during the year. We have continued to provide many places for funded two year olds. The staff are very experienced in supporting and enabling all children to reach their full potential. We thank them for the work they carry out in this setting.
This year the Trustees have signed a new SLA (service Level Agreement). which sees the Nursery School Headteacher and Lead Teacher take on a role in supporting the quality and development of childcare and education across the Charity settings. This brings back more integrated working across the Centre, sharing good practice and driving forward quality and improvements across the whole of The ACE Centre. We are very grateful to Lynn Jenkins and Lexy Tuckwell for taking on this work on behalf of the Trustees.
Across the Centre, with our new Headteacher, we have redefined our ACE Centre values. These values are; trust, ambition, joy and openness. We aim for these values to be upheld and evident in all that we do, and hold true for all our stakeholders - staff, Parents, children and Trustees. There will be a new focus on staff wellbeing, and CPD (Continuous Professional Development too which will be to the benefit of us all at The ACE Centre.
If you would be interested in joining the ACE Centre Trustees, and be part of supporting all the great work that goes on at The ACE Centre please do talk to staff at the Centre.
Sally Purssell – September 2022
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The ACE Centre: Annual Report 2022
ACE Childcare & ACE Pre-School
A lot of changes have occurred at the latter half of this year, not just in ACE Childcare but throughout the whole of The ACE centre. The biggest changes within ACE Childcare have been around staffing, with the loss of Lin Englishby (ACE Childcare Manager) and Carmel Holloway (Part-time morning practitioner), who have both moved on to new and exciting roles beyond The ACE Centre. We also have three members of staff currently on maternity leave, Cassandra Woods, Ellen Wright and Leah Shepherd who are all planning on returning to us in some capacity once their maternity leave is over.
As well as the loss of staff we have also gained new practitioners, Jodie Brain (maternity cover), Sophie Jackson (apprentice), with Stacey Wilson also moving out of the cooks role and into the vacant morning position, as well as Scarlett Goodway and Isabelle Hart who are both on their college placements with us.
James Corfield has stepped into the role of manager with Sophie Keenan and Grace Mortimer both moving into the roles of childcare seniors, forming a strong leadership team, they all hope to move forward and develop new and exciting opportunities for the children, families and staff within ACE Childcare.
We are still trying to fill a few roles within childcare and pre-school, and as a result we are unable to go to full capacity as we don’t have the necessary staff in place, even with our waiting list being full of 30+ families. But soon hope to offer out places to perspective families once we are fully staffed.
ACE Pre-School continues to provide outstanding care and pedagogy for the children that attend, with the team staying strong and consistent. They are not quite at full capacity but have a few children waiting to join which will take them up to capacity.
But among the changes we have also been able to gradually return the environment back to its former glory and beyond. Post Covid-19 the environment had been stripped back for cleaning purposes, so the team have been working tirelessly to reinvigorate and develop a new and exciting environment for the children to learn and grow.
James Corfield is also working alongside Lynn Jenkins (Headteacher) to introduce and incorporate the new EYFS into ACE Childcares everyday practice.
This year has had its fair share of challenges and changes to overcome and we are thankful to the teams for their strength, commitment and unwavering dedication to the children and families who attend the settings.
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The ACE Centre: Annual Report 2022
The Activities, Childcare and Education Centre Limited Income and Expenditure Account by Class 1st April 2021 to 31st March 2022
| Income Bank Interest Barclays Loyalty Reward EEF EY SEND Funding Fees Other Income Total Income Expense Administration recharges Bank Charges Clothing Consumable Purchases DBS Charge Equipment Equipment Maintenance Insurance IT Charges Miscellaneous Payroll bought in services Pension Photocopying Postage Premises costs Premises recharges Professional Fees Refreshments Registration Fees Rent Resources Salaries Software Stationery Telephone Training. Total Expense Surplus/Deficit |
ACE ACE CHILDCARE PRESCHOOL CORE TOTAL |
|---|---|
| 602 602 34 34 5,515 17,531 23,046 3,419 3,419 219,698 15,192 234,890 1,566 1,685 100 3,351 |
|
| 226,779 37,826 736 265,341 |
|
| 9,778 4,888 14,667 226 226 248 43 292 2,454 97 2,551 80 120 200 232 7 239 17 17 764 764 764 2,293 513 513 513 1,538 466 1,517 266 2,248 675 200 107 981 7,519 389 7,908 271 151 422 77 87 8 172 20 20 5,089 1,998 7,088 900 900 7,533 61 7,594 268 268 3,667 1,806 5,473 652 1,292 1,944 185,364 28,093 1,741 215,198 144 144 288 84 13 97 34 34 34 102 653 653 |
|
| 226,335 42,218 4,826 273,378 |
|
| 444 -4,391 -4,090 -8,038 |
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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 2022
FOR
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES
TRUSTEES Mrs E Hutchings Mr D Davidson (resigned 31.7.21) E Coles (resigned 28.1.22) Mr D Quick Mrs S Purssell Ms L Jenkins (appointed 1.9.22) COMPANY SECRETARY Mrs E Hutchings REGISTERED OFFICE Burford Road CHIPPING NORTON Oxfordshire OX7 5DZ REGISTERED COMPANY 03289942 (England and Wales) NUMBER REGISTERED CHARITY 1060208 NUMBER INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
Page 1
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activity of the charitable company is that of providing facilities for the daily care, recreation and education of the children and their parents and carers, who are in need of such facilities by reason of their age, poverty or social, economic and geographical circumstances.
Significant activities
2022 has been a challenging year with several changes to our usually stable staff team, particularly within the childcare team. Three staff are currently on maternity leave, and two other long serving members of staff, including our Manager, Lin Englishby, have moved on to new opportunities. We have also said goodbye to our Headteacher of 17 years, Helen Ruff. Helen has been very involved with the work of The ACE Centre charity settings over the years, and we thank her for all her support and guidance. We wish all our staff, past and present, happiness and joy in all they do.
We have recently appointed James Corfield to the role of Childcare Manager, (having previously been deputy), and Sophie and Grace to the role of seniors within Childcare. The new team is now working well together, although the ongoing sector-wide recruitment crisis means we are still understaffed. This means we are restricted on the number of new places we can offer, but we are sure to always maintain required ratios, and you can be confident that the quality of our offer to our children and families is never compromised.
ACE Pre-School has continued to run well during the year. We have continued to provide many places for funded two year olds. The staff are very experienced in supporting and enabling all children to reach their full potential. We thank them for the work they carry out in this setting.
This year the Trustees have signed a new SLA (service Level Agreement). which sees the Nursery School Headteacher and Lead Teacher take on a role in supporting the quality and development of childcare and education across the Charity settings. This brings back more integrated working across the Centre, sharing good practice and driving forward quality and improvements across the whole of The ACE Centre. We are very grateful to Lynn Jenkins and Lexy Tuckwell for taking on this work on behalf of the Trustees.
Across the Centre, with our new Headteacher, we have redefined our ACE Centre values. These values are; trust, ambition, joy and openness. We aim for these values to be upheld and evident in all that we do, and hold true for all our stakeholders - staff, Parents, children and Trustees. There will be a new focus on staff wellbeing, and CPD (Continuous Professional Development too which will be to the benefit of us all at The ACE Centre.
Disabled Employees
The charitable company gives full consideration to applications for employment by disabled persons.
Fixed Assets
Changes in fixed assets during the year are set out in the notes to the financial statements.
Public benefit
The Trustees review the aims, objectives and activities each year. We look at what we have achieved in terms of the success of each key activity and the benefits we have brought to the community. This review also helps us to ensure our aims, objectives and activities remain focussed on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives we have set.
Page 2
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
Financial position
Income for the year ended 31 March 2022 was £269,155 (2021 - £262,563).
The statement of financial activities shows a net deficit for the year of £6,172 (2021- deficit of £16,034).
Unrestricted funds stand at £129,550 (2021 - £112,956). Restricted designated funds stand at £nil (2021£22,766).
Reserves policy
The charity has available unrestricted funds of £129,550. This is in line with the trustees' stated aim of maintaining working capital at a level that will cover around six months' of unrestricted expenditure based on current activity levels
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Activities, Childcare and Education Centre Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial 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 charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Ms L Jenkins - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
Independent examiner's report to the trustees of The Activities, Childcare and Education Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip J Burton FCA ICAEW Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
Date: .............................................
Page 4
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 - Charitable activities Grant income 29,815 Fee income 238,704 Other trading activities 3 - Investment income 4 636 Other income - Total 269,155 EXPENDITURE ON Charitable activities Direct charitable expenditure 12,611 Other 262,716 Total 275,327 NET INCOME/(EXPENDITURE) (6,172) Transfers between funds 13 22,766 Net movement in funds 16,594 RECONCILIATION OF FUNDS Total funds brought forward 112,956 TOTAL FUNDS CARRIED FORWARD 129,550 |
Restricted fund £ - - - - - - - - - - - (22,766) (22,766) 22,766 - |
31.3.22 Total funds £ - 29,815 238,704 - 636 - 269,155 12,611 262,716 275,327 (6,172) - (6,172) 135,722 129,550 |
31.3.21 Total funds £ 226 84,944 136,707 1,639 1,498 37,549 262,563 10,016 268,581 278,597 (16,034) - (16,034) 151,756 135,722 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
BALANCE SHEET 31 MARCH 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 13 CURRENT ASSETS Debtors 11 8,441 Cash at bank 132,908 141,349 CREDITORS Amounts falling due within one year 12 (11,812) NET CURRENT ASSETS 129,537 TOTAL ASSETS LESS CURRENT LIABILITIES 129,550 NET ASSETS 129,550 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
31.3.22 Total funds £ 13 8,441 132,908 141,349 (11,812) 129,537 129,550 129,550 129,550 - 129,550 |
31.3.21 Total funds £ 16 5,238 140,947 146,185 (10,479) 135,706 135,722 135,722 112,956 22,766 135,722 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
BALANCE SHEET - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs S Purssell - Trustee
The notes form part of these financial statements
Page 7
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment
- 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs
The charitable company contributes to the employees' pension scheme. Contributions payable for the year are charged as resources expended.
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continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Income 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Grant income Fees Fee income Grants received, included in the above, are as follows: EEF grants Local Authority funding Other grants 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery |
31.3.22 £ - 31.3.22 £ - 31.3.22 £ 636 31.3.22 £ 29,815 238,704 268,519 31.3.22 £ 23,045 3,419 3,351 29,815 31.3.22 £ 3 13,170 |
31.3.21 £ 226 31.3.21 £ 1,639 31.3.21 £ 1,498 31.3.21 £ 84,944 136,707 |
31.3.21 £ 226 31.3.21 £ 1,639 31.3.21 £ 1,498 31.3.21 £ 84,944 136,707 |
|---|---|---|---|
| 221,651 | |||
| 31.3.21 £ 39,278 45,666 - |
|||
| 84,944 | |||
| 31.3.21 £ 2 11,700 |
Page 9
continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
9.
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 226 Charitable activities Grant income 84,944 Fee income 136,707 Other trading activities - Investment income 1,498 Other income 37,549 Total 260,924 EXPENDITURE ON Charitable activities Direct charitable expenditure 10,016 Other 266,008 Total 276,024 NET INCOME/(EXPENDITURE) (15,100) RECONCILIATION OF FUNDS Total funds brought forward 128,056 TOTAL FUNDS CARRIED FORWARD 112,956 |
31.3.22 19 Restricted fund £ - - - 1,639 - - 1,639 - 2,573 2,573 (934) 23,700 22,766 |
31.3.21 17 Total funds £ 226 84,944 136,707 1,639 1,498 37,549 262,563 10,016 268,581 278,597 (16,034) 151,756 135,722 |
|---|---|---|
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continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. TANGIBLE FIXED ASSETS
| COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 13. MOVEMENT IN FUNDS Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 112,956 (6,172) Restricted funds Designated funds 22,766 - TOTAL FUNDS 135,722 (6,172) |
31.3.22 £ 8,441 - 8,441 31.3.22 £ 10,792 1,020 11,812 Transfers between funds £ 22,766 (22,766) - |
Office furniture and equipment £ 819 803 3 806 13 16 31.3.21 £ 5,173 65 5,238 31.3.21 £ 9,579 900 10,479 At 31.3.22 £ 129,550 - 129,550 |
|---|---|---|
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continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 269,155 TOTAL FUNDS 269,155 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 128,056 Restricted funds Designated funds 23,700 TOTAL FUNDS 151,756 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 260,924 Restricted funds Designated funds 1,639 TOTAL FUNDS 262,563 |
Resources Movement expended in funds £ £ (275,327) (6,172) (275,327) (6,172) Net movement At in funds 31.3.21 £ £ (15,100) 112,956 (934) 22,766 (16,034) 135,722 Resources Movement expended in funds £ £ (276,024) (15,100) (2,573) (934) (278,597) (16,034) |
|---|---|
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continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Designated funds TOTAL FUNDS |
At 1.4.20 £ 128,056 23,700 151,756 |
Net movement in funds £ (21,272) (934) (22,206) |
Transfers between funds £ 22,766 (22,766) - |
At 31.3.22 £ 129,550 - |
|---|---|---|---|---|
| 129,550 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Designated funds TOTAL FUNDS |
Incoming resources £ 530,079 1,639 531,718 |
Resources Movement expended in funds £ £ (551,351) (21,272) (2,573) (934) (553,924) (22,206) |
|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
15. FUNDS
Unrestricted funds are for general purposes for expenditure at the discretion of the trustees without restriction.
Restricted funds represent funds that have been designated for core activities and will be utilised against specific expenditures in future periods.
Page 13
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 £ INCOME AND ENDOWMENTS Donations and legacies Donations - Other trading activities Income - Investment income Deposit account interest 636 Charitable activities Fees 238,704 Grants 29,815 268,519 Other income CJR grants - Total incoming resources 269,155 EXPENDITURE Charitable activities Activity costs and expenses 12,611 Support costs Management Wages 224,023 Building costs and equipment 13,170 Insurance 2,293 Training and conferences 672 Telephone 144 Postage, stationery and photocopying 729 Sundries 2,875 IT equipment and software 1,703 Administration services 14,732 Registration fees and subscriptions 268 Clothing 292 Bad debts 547 Grant spending - Accountancy 1,020 Bank charges 246 262,714 Other Fixtures and fittings 2 Total resources expended 275,327 Net expenditure (6,172) |
31.3.21 £ 226 1,639 1,498 136,707 84,944 221,651 37,549 262,563 8,866 230,201 11,700 2,243 614 48 628 2,337 1,943 14,464 847 162 976 2,573 796 196 269,728 3 278,597 (16,034) |
|---|---|
This page does not form part of the statutory financial statements
Page 14
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 2022
FOR
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES
TRUSTEES Mrs E Hutchings Mr D Davidson (resigned 31.7.21) E Coles (resigned 28.1.22) Mr D Quick Mrs S Purssell Ms L Jenkins (appointed 1.9.22) COMPANY SECRETARY Mrs E Hutchings REGISTERED OFFICE Burford Road CHIPPING NORTON Oxfordshire OX7 5DZ REGISTERED COMPANY 03289942 (England and Wales) NUMBER REGISTERED CHARITY 1060208 NUMBER INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
Page 1
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activity of the charitable company is that of providing facilities for the daily care, recreation and education of the children and their parents and carers, who are in need of such facilities by reason of their age, poverty or social, economic and geographical circumstances.
Significant activities
2022 has been a challenging year with several changes to our usually stable staff team, particularly within the childcare team. Three staff are currently on maternity leave, and two other long serving members of staff, including our Manager, Lin Englishby, have moved on to new opportunities. We have also said goodbye to our Headteacher of 17 years, Helen Ruff. Helen has been very involved with the work of The ACE Centre charity settings over the years, and we thank her for all her support and guidance. We wish all our staff, past and present, happiness and joy in all they do.
We have recently appointed James Corfield to the role of Childcare Manager, (having previously been deputy), and Sophie and Grace to the role of seniors within Childcare. The new team is now working well together, although the ongoing sector-wide recruitment crisis means we are still understaffed. This means we are restricted on the number of new places we can offer, but we are sure to always maintain required ratios, and you can be confident that the quality of our offer to our children and families is never compromised.
ACE Pre-School has continued to run well during the year. We have continued to provide many places for funded two year olds. The staff are very experienced in supporting and enabling all children to reach their full potential. We thank them for the work they carry out in this setting.
This year the Trustees have signed a new SLA (service Level Agreement). which sees the Nursery School Headteacher and Lead Teacher take on a role in supporting the quality and development of childcare and education across the Charity settings. This brings back more integrated working across the Centre, sharing good practice and driving forward quality and improvements across the whole of The ACE Centre. We are very grateful to Lynn Jenkins and Lexy Tuckwell for taking on this work on behalf of the Trustees.
Across the Centre, with our new Headteacher, we have redefined our ACE Centre values. These values are; trust, ambition, joy and openness. We aim for these values to be upheld and evident in all that we do, and hold true for all our stakeholders - staff, Parents, children and Trustees. There will be a new focus on staff wellbeing, and CPD (Continuous Professional Development too which will be to the benefit of us all at The ACE Centre.
Disabled Employees
The charitable company gives full consideration to applications for employment by disabled persons.
Fixed Assets
Changes in fixed assets during the year are set out in the notes to the financial statements.
Public benefit
The Trustees review the aims, objectives and activities each year. We look at what we have achieved in terms of the success of each key activity and the benefits we have brought to the community. This review also helps us to ensure our aims, objectives and activities remain focussed on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives we have set.
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
Financial position
Income for the year ended 31 March 2022 was £269,155 (2021 - £262,563).
The statement of financial activities shows a net deficit for the year of £6,172 (2021- deficit of £16,034).
Unrestricted funds stand at £129,550 (2021 - £112,956). Restricted designated funds stand at £nil (2021£22,766).
Reserves policy
The charity has available unrestricted funds of £129,550. This is in line with the trustees' stated aim of maintaining working capital at a level that will cover around six months' of unrestricted expenditure based on current activity levels
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Activities, Childcare and Education Centre Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial 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 charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Ms L Jenkins - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
Independent examiner's report to the trustees of The Activities, Childcare and Education Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip J Burton FCA ICAEW Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
Date: .............................................
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 - Charitable activities Grant income 29,815 Fee income 238,704 Other trading activities 3 - Investment income 4 636 Other income - Total 269,155 EXPENDITURE ON Charitable activities Direct charitable expenditure 12,611 Other 262,716 Total 275,327 NET INCOME/(EXPENDITURE) (6,172) Transfers between funds 13 22,766 Net movement in funds 16,594 RECONCILIATION OF FUNDS Total funds brought forward 112,956 TOTAL FUNDS CARRIED FORWARD 129,550 |
Restricted fund £ - - - - - - - - - - - (22,766) (22,766) 22,766 - |
31.3.22 Total funds £ - 29,815 238,704 - 636 - 269,155 12,611 262,716 275,327 (6,172) - (6,172) 135,722 129,550 |
31.3.21 Total funds £ 226 84,944 136,707 1,639 1,498 37,549 262,563 10,016 268,581 278,597 (16,034) - (16,034) 151,756 135,722 |
|---|---|---|---|
The notes form part of these financial statements
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
BALANCE SHEET 31 MARCH 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 13 CURRENT ASSETS Debtors 11 8,441 Cash at bank 132,908 141,349 CREDITORS Amounts falling due within one year 12 (11,812) NET CURRENT ASSETS 129,537 TOTAL ASSETS LESS CURRENT LIABILITIES 129,550 NET ASSETS 129,550 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
31.3.22 Total funds £ 13 8,441 132,908 141,349 (11,812) 129,537 129,550 129,550 129,550 - 129,550 |
31.3.21 Total funds £ 16 5,238 140,947 146,185 (10,479) 135,706 135,722 135,722 112,956 22,766 135,722 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
BALANCE SHEET - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs S Purssell - Trustee
The notes form part of these financial statements
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment
- 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs
The charitable company contributes to the employees' pension scheme. Contributions payable for the year are charged as resources expended.
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Income 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Grant income Fees Fee income Grants received, included in the above, are as follows: EEF grants Local Authority funding Other grants 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery |
31.3.22 £ - 31.3.22 £ - 31.3.22 £ 636 31.3.22 £ 29,815 238,704 268,519 31.3.22 £ 23,045 3,419 3,351 29,815 31.3.22 £ 3 13,170 |
31.3.21 £ 226 31.3.21 £ 1,639 31.3.21 £ 1,498 31.3.21 £ 84,944 136,707 |
31.3.21 £ 226 31.3.21 £ 1,639 31.3.21 £ 1,498 31.3.21 £ 84,944 136,707 |
|---|---|---|---|
| 221,651 | |||
| 31.3.21 £ 39,278 45,666 - |
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| 84,944 | |||
| 31.3.21 £ 2 11,700 |
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
9.
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 226 Charitable activities Grant income 84,944 Fee income 136,707 Other trading activities - Investment income 1,498 Other income 37,549 Total 260,924 EXPENDITURE ON Charitable activities Direct charitable expenditure 10,016 Other 266,008 Total 276,024 NET INCOME/(EXPENDITURE) (15,100) RECONCILIATION OF FUNDS Total funds brought forward 128,056 TOTAL FUNDS CARRIED FORWARD 112,956 |
31.3.22 19 Restricted fund £ - - - 1,639 - - 1,639 - 2,573 2,573 (934) 23,700 22,766 |
31.3.21 17 Total funds £ 226 84,944 136,707 1,639 1,498 37,549 262,563 10,016 268,581 278,597 (16,034) 151,756 135,722 |
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. TANGIBLE FIXED ASSETS
| COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 13. MOVEMENT IN FUNDS Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 112,956 (6,172) Restricted funds Designated funds 22,766 - TOTAL FUNDS 135,722 (6,172) |
31.3.22 £ 8,441 - 8,441 31.3.22 £ 10,792 1,020 11,812 Transfers between funds £ 22,766 (22,766) - |
Office furniture and equipment £ 819 803 3 806 13 16 31.3.21 £ 5,173 65 5,238 31.3.21 £ 9,579 900 10,479 At 31.3.22 £ 129,550 - 129,550 |
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 269,155 TOTAL FUNDS 269,155 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 128,056 Restricted funds Designated funds 23,700 TOTAL FUNDS 151,756 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 260,924 Restricted funds Designated funds 1,639 TOTAL FUNDS 262,563 |
Resources Movement expended in funds £ £ (275,327) (6,172) (275,327) (6,172) Net movement At in funds 31.3.21 £ £ (15,100) 112,956 (934) 22,766 (16,034) 135,722 Resources Movement expended in funds £ £ (276,024) (15,100) (2,573) (934) (278,597) (16,034) |
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Designated funds TOTAL FUNDS |
At 1.4.20 £ 128,056 23,700 151,756 |
Net movement in funds £ (21,272) (934) (22,206) |
Transfers between funds £ 22,766 (22,766) - |
At 31.3.22 £ 129,550 - |
|---|---|---|---|---|
| 129,550 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Designated funds TOTAL FUNDS |
Incoming resources £ 530,079 1,639 531,718 |
Resources Movement expended in funds £ £ (551,351) (21,272) (2,573) (934) (553,924) (22,206) |
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14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
15. FUNDS
Unrestricted funds are for general purposes for expenditure at the discretion of the trustees without restriction.
Restricted funds represent funds that have been designated for core activities and will be utilised against specific expenditures in future periods.
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THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 £ INCOME AND ENDOWMENTS Donations and legacies Donations - Other trading activities Income - Investment income Deposit account interest 636 Charitable activities Fees 238,704 Grants 29,815 268,519 Other income CJR grants - Total incoming resources 269,155 EXPENDITURE Charitable activities Activity costs and expenses 12,611 Support costs Management Wages 224,023 Building costs and equipment 13,170 Insurance 2,293 Training and conferences 672 Telephone 144 Postage, stationery and photocopying 729 Sundries 2,875 IT equipment and software 1,703 Administration services 14,732 Registration fees and subscriptions 268 Clothing 292 Bad debts 547 Grant spending - Accountancy 1,020 Bank charges 246 262,714 Other Fixtures and fittings 2 Total resources expended 275,327 Net expenditure (6,172) |
31.3.21 £ 226 1,639 1,498 136,707 84,944 221,651 37,549 262,563 8,866 230,201 11,700 2,243 614 48 628 2,337 1,943 14,464 847 162 976 2,573 796 196 269,728 3 278,597 (16,034) |
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This page does not form part of the statutory financial statements
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