**REGISTERED COMPANY NUMBER: 03277750 (England and Wales) REGISTERED CHARITY NUMBER: 1061942**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2022**
## **for**
**Keighley Kiddicare Ltd**
Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
**Keighley Kiddicare Ltd**
## **Contents of the Financial Statements for the Year Ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|16|
|**Detailed Statement of Financial Activities**||17||
**Keighley Kiddicare Ltd (Registered number: 03277750)**
## **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 main objective is to provide childcare for families in the Keighley area, particularly children from lone parent families, children from disadvantaged areas and children with disabilities.
## **Significant activities**
The main activities are:- nursery day-care for children aged 0 to 4 at our day nursery in the Highfield Community Centre in Keighley; before and after school care for children aged 3 to 12 at St. Joseph's Primary School and after school care at Fell Lane Scout Hut); school holiday playschemes are held at the nursery for children up to 13 years of age.
## **Public benefit**
The charity's public benefit is providing facilities for the daily care, recreation and education of children who are below compulsory school age or who are of compulsory school age during out of school hours and holidays to children in Keighley and the surrounding areas.
The Trustees are aware of the Charity Commission guidance on public benefit and are satisfied that the activities of the charity comply with public benefit requirements.
## **Complaints**
The Trustees received no reported complaints in 2021/22.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This year has provided an opportunity to begin a period of recovery after the Covid pandemic. The tenants Hearter Motessori moved out of the Barlow Road site in July 2021. The cost of repairs and refurbishment was such that the trustees had no option but to put the building up for sale and relocate the offices to the Drewry Road site. The sale completed on 31 March 2022. The main achievement is actually surviving the difficulties of the past year as there were times we really didn't think we would make it!
Children who attended our settings were from a variety of backgrounds - White British, Asian (mainly Pakistani), Eastern European (mainly Slovakian Roma or Polish).
## **FINANCIAL REVIEW**
## **Financial position**
During the year there was a deficit of £96,379, an increase on the deficit of £4,994 in 2020/21.
The current year deficit includes some exceptional one-off items and was heavily influenced by the covid-19 pandemic, it therefore does not represent the underlying performance of the charity.
During the year the charity sold the Barlow Road property which significantly boosted cash reserves. The property was recognised in the accounts at a revalued amount however was sold for less than this valuation resulting in an accounting loss of £27,129.
To reduce the deficit management are seeking alternative sources of funding and identifying opportunities to create efficiencies and minimise operating costs.
To manage performance and cashflow the trustees receive monthly management accounts and monitor income and expenditure against cashflow forecasts.
## **Principal funding sources**
Parental fees and Early Education funding are the principal funding sources. These 2 sources of funding made up over 90% of our total income. The balance came mainly from Inclusion funding and rent.
Page 1
**Keighley Kiddicare Ltd (Registered number: 03277750)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
Following the sale of the Barlow Road property it was decided to invest £110,000 of the proceeds in a deposit account to provide longer term financial security.
## **Reserves policy**
The Trustees feel that it is reasonable that unrestricted reserves equivalent to 4 months expenditure (around £115,000) are held in order to protect the organisation against the uncertainties of the trading and funding climate.
## **Going concern**
The trustees have reviewed the gong concern status of the charity and concluded that the charity has sufficient reserves to continue operating for the foreseeable future.
## **FUTURE DEVELOPMENTS**
Carol Dlambulo remains company secretary and supported by the trustees she continues to lead the staff team through a period of recovery following the losses suffered during the pandemic.
The financial insecurities gave rise to a huge turnover of staff through the year. The senior staff team have been restructured and a finance manager has been employed. There now begins a process of rebuilding from a more secure financial base.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Keighley Kiddicare Limited is a registered charity (No. 1061942) and a company limited by guarantee (No. 3277750). The company is governed by its Memorandum and Articles of Association.
## **Recruitment and appointment of new trustees**
Under the requirements of the Memorandum and Articles of Association, Trustees are elected to serve for a period of three years, after which they must seek re-election at the next Annual General Meeting.
A quorate Trustees' meeting may co-opt new Trustees at any time. They must then seek election at the next Annual General meeting.
In order to retain the original ethos of the charity, the Trustees will endeavour to ensure that new members are recruited primarily from service users, as well as ensuring that relevant skills are represented, e.g. business, finance, childcare, voluntary sector.
## **Organisational structure**
Keighley Kiddicare's Board of Trustees must consist, according to the Articles of Association, of at least 3 members with no maximum number. The Trustees consider that a Board of between 8 to 12 members is an optimum number. The Board meets 6 to 8 times a year.
Day to day responsibility for service delivery and financial management is delegated to the Nursery and Out of School Managers.
## **Induction and training of new trustees**
New Trustees will be provided with information about the history, structure and governance of the organisation as well as its financial position and strategic priorities.
New Trustees will be referred to relevant training courses aimed at voluntary sector committee members.
## **Related parties**
Kiddicare's service delivery is consistent with the aims of the Early Years Foundation Stage, and is supported by Bradford Council.
On a local level, Kiddicare has strong links with local schools, colleges, Family Support workers and other professional agencies.
Page 2
**Keighley Kiddicare Ltd (Registered number: 03277750)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
03277750 (England and Wales)
**Registered Charity number** 1061942
## **Registered office**
Highfield Community Centre Dewry Road Keighley West Yorkshire BD21 2QG
## **Trustees**
S Magee Chair P Greenwood Treasurer R Manley S Widdop (appointed 9.6.21) P Manley (appointed 24.8.22) **Company Secretary** C Dlambulo
## **Independent Examiner**
Catherine Hill ACA CTA Institute of Chartered Accountants in England and Wales Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
## **Bank**
Lloyds Bank Hustlergate Bradford BD1 1NT
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 15 November 2022 and signed on its behalf by:
P Greenwood - Trustee
Page 3
**Independent Examiner's Report to the Trustees of Keighley Kiddicare Ltd (Registered number: 03277750)**
## **Independent examiner's report to the trustees of Keighley Kiddicare Ltd ('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 Institute of Chartered Accountants in England and Wales 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
Catherine Hill ACA CTA Institute of Chartered Accountants in England and Wales Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
15 November 2022
Page 4
**Keighley Kiddicare Ltd**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Charitable activities
247,916
Other trading activities
2
1,590
Investment income
3
4,501
**Total**
254,007
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
305,358
Governance costs
42,271
**Total**
347,629
**NET INCOME/(EXPENDITURE)**
(93,622)
**Transfers between funds**
16
3,144
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
-
**Net movement in funds**
(90,478)
**RECONCILIATION OF FUNDS**
Total funds brought forward
304,574
**TOTAL FUNDS CARRIED FORWARD**
214,096|Restricted
funds
£
751
-
-
751
3,508
-
3,508
(2,757)
(3,144)
-
(5,901)
5,953
52|31.3.22
Total
funds
£
248,667
1,590
4,501
254,758
308,866
42,271
351,137
(96,379)
-
-
(96,379)
310,527
214,148|31.3.21
Total
funds
£
291,455
108
15,502
307,065
265,342
46,717
312,059
(4,994)
-
72,605
67,611
242,916
310,527|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **Keighley Kiddicare Ltd (Registered number: 03277750)**
## **Balance Sheet 31 March 2022**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
6,846
Investment property
10
-
6,846
**CURRENT ASSETS**
Debtors
11
9,262
Cash at bank and in hand
272,963
282,225
**CREDITORS**
Amounts falling due within one year
12
(58,975)
**NET CURRENT ASSETS**
223,250
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
230,096
**CREDITORS**
Amounts falling due after more than one year
13
(16,000)
**NET ASSETS**
214,096
**FUNDS**
16
Unrestricted funds:
General fund
Property Revaluation
Capital Grant
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
52
-
52
-
-
-
-
-
52
-
52|31.3.22
Total
funds
£
6,898
-
6,898
9,262
272,963
282,225
(58,975)
223,250
230,148
(16,000)
214,148
210,832
-
3,264
214,096
52
214,148|31.3.21
Total
funds
£
101,617
205,910
307,527
14,058
31,767
45,825
(22,825)
23,000
330,527
(20,000)
310,527
48,894
249,205
6,475
304,574
5,953
310,527|
|---|---|---|---|
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 notes form part of these financial statements
continued...
Page 6
**Keighley Kiddicare Ltd (Registered number: 03277750)**
## **Balance Sheet - continued 31 March 2022**
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.
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 15 November 2022 and were signed on its behalf by:
P Greenwood - Trustee
S Magee - Trustee
The notes form part of these financial statements
Page 7
**Keighley Kiddicare Ltd**
## **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, as modified by the revaluation of certain assets.
## **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.
Freehold property - 2% on cost Plant and machinery - 20% on reducing balance Motor vehicles - 20% on reducing balance Computer equipment - 20% on reducing balance
## **Investment property**
Investment property is included at fair value. Changes in fair value are recognised in the statement of financial activities.
## **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 and other post-retirement benefits**
The company operates a defined contribution scheme for specific employees. The pension cost charge represents amounts paid during the year in respect of this scheme.
continued...
Page 8
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **2. OTHER TRADING ACTIVITIES**
|Fundraising events
**3.**
**INVESTMENT INCOME**
Rental income
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Childcare fees
Charitable activities
Childcare fee bad debts
Charitable activities
Grants
Charitable activities
Grants received, included in the above, are as follows:
Special Educational Needs - Aiming High
Graduate Leader Fund
Early Education Fund
Coronavirus Job Retention Scheme
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Deficit on disposal of fixed assets|31.3.22
£
1,590
31.3.22
£
4,501
31.3.22
£
136,877
(4,491)
116,281
248,667
31.3.22
£
-
2,027
113,503
752
116,282
31.3.22
£
1,724
3,971
24,668|31.3.21
£
108
31.3.21
£
15,502
31.3.21
£
68,934
(5,999)
228,520
291,455
31.3.21
£
1,950
-
174,090
52,480
228,520
31.3.21
£
3,562
4,631
-|
|---|---|---|
continued...
Page 9
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **6. 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.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|31.3.22
Direct charitable work
21
Administrative
2
23|31.3.21
25
2
27|
|---|---|
No employees received emoluments in excess of £60,000.
## **8.**
## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Charitable activities
237,025
Other trading activities
108
Investment income
15,502
**Total**
252,635
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
210,210
Governance costs
46,717
**Total**
256,927
**NET INCOME/(EXPENDITURE)**
(4,292)
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
72,605
**Net movement in funds**
68,313
**RECONCILIATION OF FUNDS**
Total funds brought forward
236,261
**TOTAL FUNDS CARRIED FORWARD**
304,574|Restricted
funds
£
54,430
-
-
54,430
55,132
-
55,132
(702)
-
(702)
6,655
5,953|Total
funds
£
291,455
108
15,502
307,065
265,342
46,717
312,059
(4,994)
72,605
67,611
242,916
310,527|
|---|---|---|
continued...
Page 10
## **Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
|**9.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 April 2021
89,090
Additions
-
Disposals
(89,090)
At 31 March 2022
-
**DEPRECIATION**
At 1 April 2021
-
Charge for year
-
Eliminated on disposal
-
At 31 March 2022
-
**NET BOOK VALUE**
At 31 March 2022
-
At 31 March 2021
89,090
**10.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 April 2021
Disposals
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 and accrued income
Amounts falling due after more than one year:
Trade debtors
Aggregate amounts|Plant and
machinery
£
61,839
1,532
(2,760)
60,611
54,204
1,551
(1,347)
54,408
6,203
7,635|Motor
vehicles
£
28,052
-
(28,052)
-
24,028
-
(24,028)
-
-
4,024|Computer
equipment
£
12,447
-
-
12,447
11,579
173
-
11,752
695
868
31.3.22
£
7,454
54
7,508
1,754
9,262|Totals
£
191,428
1,532
(119,902)
73,058
89,811
1,724
(25,375)
66,160
6,898
101,617
£
205,910
(205,910)
-
-
205,910
31.3.21
£
7,979
1,841
9,820
4,238
14,058|
|---|---|---|---|---|
Debtors due in more than one year represents fees due from ex customers who are continuing to repay their debts to Keighley Kiddicare Limited on a weekly or monthly basis over an extended period of time.
continued...
Page 11
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||31.3.22|31.3.22|31.3.21|
|---|---|---|---|---|
||||£|£|
||Bank loans and overdrafts (see note 14)||4,000|-|
||Social security and other taxes||2,072|1,877|
||Other creditors||14,612|497|
||Accruals and deferred income||32,021|20,451|
||Accrued expenses||6,270|-|
||||58,975|22,825|
|**13.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**||||
||Bank loans (see note 14)|31.3.22
£
16,000||31.3.21
£
20,000|
|**14.**|**LOANS**||||
||An analysis of the maturity of loans is given below:||||
||Amounts falling due within one year on demand:|31.3.22
£||31.3.21
£|
||Bank loans||4,000|-|
||Amounts falling between one and two years:||||
||Bank loans - 1-2 years||4,000|4,000|
||Amounts falling due between two and five years:||||
||Bank loans - 2-5 years||12,000|12,000|
||Amounts falling due in more than five years:||||
||Repayable by instalments:||||
||Bank loans more 5 yr by instal||-|4,000|
|**15.**|**LEASING AGREEMENTS**||||
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year|31.3.22
31.3.21
£
£
2,128
1,083|
|---|---|
|Between one and five years|1,695
624|
||3,823
1,707|
continued...
Page 12
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Property Revaluation
Capital Grant
**Restricted funds**
Grants
Minibus Fixed Asset
**TOTAL FUNDS**
Net movement in funds, included in the above are a
**Unrestricted funds**
General fund
Property Revaluation
Capital Grant
**Restricted funds**
Grants
Minibus Fixed Asset
**TOTAL FUNDS**|At 1.4.21
£
48,894
249,205
6,475
304,574
65
5,888
5,953
310,527
s follows:|Net
movement
in funds
£
158,794
(249,205)
(3,211)
(93,622)
(13)
(2,744)
(2,757)
(96,379)
Incoming
resources
£
254,007
-
-
254,007
752
(1)
751
254,758|Transfers
between
At
funds
31.3.22
£
£
3,144
210,832
-
-
-
3,264
3,144
214,096
-
52
(3,144)
-
(3,144)
52
-
214,148
Resources
Movement
expended
in funds
£
£
(95,213)
158,794
(249,205)
(249,205)
(3,211)
(3,211)
(347,629)
(93,622)
(765)
(13)
(2,743)
(2,744)
(3,508)
(2,757)
(351,137)
(96,379)|
|---|---|---|---|
continued...
Page 13
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.20
£
**Unrestricted funds**
General fund
52,167
Property Revaluation
176,600
Capital Grant
7,494
236,261
**Restricted funds**
Grants
81
Minibus Fixed Asset
6,574
6,655
**TOTAL FUNDS**
242,916
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
252,634
(255,907)
Property Revaluation
-
-
Capital Grant
1
(1,020)
252,635
(256,927)
**Restricted funds**
Grants
54,430
(54,446)
Minibus Fixed Asset
-
(686)
54,430
(55,132)
**TOTAL FUNDS**
307,065
(312,059)|Net
movement
At
in funds
31.3.21
£
£
(3,273)
48,894
72,605
249,205
(1,019)
6,475
68,313
304,574
(16)
65
(686)
5,888
(702)
5,953
67,611
310,527
Gains and
Movement
losses
in funds
£
£
-
(3,273)
72,605
72,605
-
(1,019)
72,605
68,313
-
(16)
-
(686)
-
(702)
72,605
67,611|
|---|---|
continued...
Page 14
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.4.20|in funds|funds|31.3.22|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|52,167|155,521|3,144|210,832|
|Property Revaluation|||||
||176,600|(176,600)|-|-|
|Capital Grant|7,494|(4,230)|-|3,264|
|**Restricted funds**|236,261|(25,309)|3,144|214,096|
|Grants|81|(29)|-|52|
|Minibus Fixed Asset|6,574|(3,430)|(3,144)|-|
||6,655|(3,459)|(3,144)|52|
|**TOTAL FUNDS**|242,916|(28,768)|-|214,148|
|A current year 12 months and prior year 12 months combined net movement in|||funds, included in the above||
|as follows:|||||
|**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Gains and
losses
£|Movement
in funds
£|
|General fund|506,641|(351,120)|-|155,521|
|Property Revaluation|||||
|Capital Grant|-
1|(249,205)
(4,231)|72,605
-|(176,600)
(4,230)|
|**Restricted funds**|506,642|(604,556)|72,605|(25,309)|
|Grants|55,182|(55,211)|-|(29)|
|Minibus Fixed Asset|(1)|(3,429)|-|(3,430)|
||55,181|(58,640)|-|(3,459)|
|**TOTAL FUNDS**|561,823|(663,196)|72,605|(28,768)|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
## **Transfers between funds**
£3,144 was transferred from the Minibus Fixed Asset fund to the General fund. This is an accounting correction for unrestricted funding incorrectly accounted for in a prior period as restricted income.
continued...
Page 15
**Keighley Kiddicare Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
## **18. TRUSTEES' INTEREST**
There were no material trustees' interests to disclose during the year.
Page 16
**Keighley Kiddicare Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
||31.3.22|31.3.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Other trading activities**|||
|Fundraising events|1,590|108|
|**Investment income**|||
|Rental income|4,501|15,502|
|**Charitable activities**|||
|Childcare fees|136,877|68,934|
|Childcare fee bad debts|(4,491)|(5,999)|
|Grants|116,281|228,520|
||248,667|291,455|
|**Total incoming resources**|254,758|307,065|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|263,633|260,350|
|Pensions|2,469|2,600|
|Other operating leases|3,971|4,631|
|Rates and water|11,822|7,091|
|Insurance|1,675|2,152|
|Light and heat|1,823|5,004|
|Telephone|2,741|1,656|
|Postage and stationery|1,606|1,540|
|Sundries|435|1,613|
|Minibus & travel expenses|3,193|3,583|
|Equipment and outings|1,487|1,466|
|Food & cleaning|4,354|2,972|
|Repairs and renewals|10,734|6,101|
|Accountancy|5,229|5,562|
|Training|251|593|
|Rent|5,583|1,583|
|Legal fees|3,738|-|
|Plant and machinery|1,551|1,909|
|Motor vehicles|-|1,006|
|Computer equipment|174|647|
|Loss on sale of tangible fixed assets|24,668|-|
||351,137|312,059|
|Total resources expended|351,137|312,059|
|**Net expenditure**|(96,379)|(4,994)|
||||
This page does not form part of the statutory financial statements
Page 17