2022-03-31-accounts - Minik Kardes Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			~pa e
Legal and administrative	information
Report ofthe trustees			2-3
Report ofthe auditors
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement			10
Accounting policies			11-12
Notes forming part ofthe financial statements			13-17
Detailed income &expenditure		account	18

A	K Macr
5	Arslan
H	Osman
P	E Daniels
F	W Man	(appointed	22/04/2022)

'*-Management	'*-Management		committee	committee	oiso for the purpose ofthe Companies	oiso for the purpose ofthe Companies	Act2006,
company directors.
Company	secretary:				P E Daniels
Key management			&personnel		N Cosar- Nursery	Head
					SMartin - Finance	officer
Administration		and		reg)stared
off)ce:					53-55 Balls Pond	Road
					London
					N14BW
Charity registration			non		1067893
Company	registration			non	03076260 (England &Wales)
Auditors:					Christopher Michael Limited
					Chartered Certified Accountants		&Statutory Auditors
					26 Station Rd
					New Barnet
					Herts
					EN5 1QW
Bankers:					Barelays Bank Pic
Funding	authorities:				LBof Islington
					Hackney Learning	Trust

						Unrestricted/
					Restricted	Designated	Total	Total
				Notes	Funds	Funds	~2021 22	~2020 21
					E	E	E	E
Income:
Donations and restricted		grants		3	1,085,575		1,085,575	1,265,146
Income from	Charitable activities:
Nursery fees						555,845	555,845	271,001
Income from	other charitable		activities
Fundraising	&other income					9,133	9,133	32,039
Total income					1,085,575	564,978	1,650,553	1,568,186
Expenditure
Expendi ture	on charitable	activities.
Direct Charitable expenditure				6	1,085,575	176,257	1,261,832	1,083,345
Management	and administration			7		129,670	129,670	133,487
Total expenditure					1,085,575	305,927	1,391,502	1,216,832
Net Income/(expenditure)		and net movements
in funds before gains and		losses on Investments
				18		259,051	259,051	351,354
Total funds	brought forward					1,462,130	1,462,130	1,110,776
Total funds	carried forward					1,721,181	1,721,181	1,462,130

AS AT31MARCH 20	22
			Notes	~2021	22	~2020	21
				E		s	E
Fixed Assets
Tangible fixed assets			14		341,603		345,081
Total fixed assets					341,603		345,081
Current Assets
Debtors			15	186,497		18,713
Cash at bank and in	hand			1,255,271		1,152,083
Total current assets				1,441,768		1,170,796
Creditors: amounts	falling due
within one year			16	(62,191)		(53,747)
Net current assets					1,379,577		1,117,049
NET ASSETS					1,721,180		1,462,130
The funds ofthe Charity:
Unrestricted/Designated		income funds:	18		1,721,180		1,462,130
TOTAL CHARITY FUNDS					1,721,180		1,462,130

Minlk Kardes Limited Statement ofcash Rows Forthe ear ended 31March 2022
				2021/22	2020/21
				Total	Prior year
				Funds	Funds
Cash flows from operating activities:				6	6
Net cash provided by (used In) operating	activities			104,275	366,291
Cash flows from Investing activities
Dividends, interest and rents from investments				68
Proceed from the sale of property, plant and equipment
Purchase of property, plant and equipment				(1,154)	(3,957)
Net cash provided by / (used in) investing	activities			103,189	362,334
Change in cash and cash equivalents in the reporting period				103,188	362,334
Cash and cash equivalents at the beginning	ofthe reporting		period	1,152,083	789,749
Cash and cash equivalents at the end ofthe reporting		period		1,255,271	1,152,083
Reconcglation ofnet movement in funds	to net cash flow		from operating activities
Net movement in funds for the reporting	period (as per	the	SOFA)	259,051	351,354
Adjustments for:
Depreciation charges				4,632	6,261
Dividends, interest and rents from investments				(68)
(increase)/decrease In debtors				(167,784)	6,227
increase(decrease) in creditors				8,444	2,449
Net cash provided by (used In) operating	activities			104,275	366,291
Analysis ofcash and cash equivalents
Cash in hand				1255,271	1,152083
Totalcash and cash equivalents				1,255,271	1,152,083

1	Legal status	ofthe Trust	ofthe Trust
	The Trust is	a company	Bmlted by				guarantee		and has no share capital. In the event ofthe charity being		wound	up, the
	Habgity in respect ofthe			guarantee			is	limited	to E1per member ofthe charity.
2	Financial performance		ofthe			charity				2021/22		2020/21
										E		E
	Income									1,650,553	1,568,186
	Expenditure	on charitable			activities					1,257,200	1,077,084
	Expenditure	on management				and	administration			129,670		133,487
	Depreciation									4,632		6,261
										1,391,502	1,216,832
	Net income									259,051		351,354
	Total funds	brought forward								1,445,510	1,094,156
	Total funds	carried forward
	Represented	by:
	Unrestricted	funds								1,721,180	1,462,130
3	Income from Donations			and		Grants
	Minlk Kardes
	Grants receivable
	L8 Isbngton	- Community		Links						69,800.00		69,850
	LBH Household Support		Fund							40,000.00		11,125
	L 8 Isgngton	- G A P								8,463.00		8,695
	L8 Iskngton	- N E G								9,337,00		17,581
	L8 IsHngton	- Rebates										626
	L 8 Isgngton	- 5 F5 C								30,000.00		29,977
	L8Isgngton	-2year old	PHot							5,265.00		3,737
	L8 Isgngton	- 3lk4 YO								23,583.00		9,562
	LBIsgngton											3,641
	LBIsgngton-SEND									289.00
	LBIsgngton	family kitchen			prolect					305.00
	Hackney additional restriction									10,350.00
	Hackney Learning Trust		-	2	year old					9,271.00		6,804
	Hackney Learning Trust		-	Children			Centre			78,552.00		77,300
	Hackney Learning Trust-			Headcount/5				F F		65,264.00		25,512
	GLA Early Years
	NHS Incredible Years									18,042.00
	NHS CITY antenatal									10,591.00
	Big lottery									123,996.00		178,023
	Greenich university									3,500.00		3,500
	HCVS									7,000.00		7,063
	HMRC JRC									3,526.00		61,349
	City bridge trust											10,000
	Sunbables									6,910.00
	Tesco groundwork UK									1,000.00
	Other miscellaneous									697.00
	Factory
	LB Isgngton									538,021.00		687,543
	LBIshngton:	SEN								9,791.00		6,204
	LB Isgngton:	EYPR								4,357.00		6,118
	LB Isgngton:	Matermty										12,506
	LB Isgngton:	Nursery Improvements										3046
	LBIsgngton:	2year olds										5,414
	LBIshngton:	3-4year olds										5,722
	LBIsgngton:	Miscellaneous								7,415.00		6279
	NDNA									250.00
	HMRC JRC											7,969
											1,265,146
4	Income from charitable		activities
	Nursery fees									555,845		271,001

								2021/22	2020/21
								f.	6
5	Income from other charitable activities
	Fundraising							9,065	32,039
	Interest receivable							68
								9,133	32,039
6	Analysis ofexpenditure	on		chai'itable	activities
	Staff &agency costs							986,714	857,998
	Other running costs							275,118	225,347
								1,261,832	1,083,345
7	Analysis ofgovernance	and		support cost
	Staff costs							116,681	118,497
	Audit and accountancy							12,103	13,854
	Legal &professional								329
	Bank charges							886	807
								129,670	133,487
8	Net income /(expenditure)			forthe year
	This is stated after charging:
	Depreciation -owned assets							4,632	6,261
	Auditors remuneration	for	audit services					4,200	3,600
	Auditors remuneration	for	other services					5,403	7,754
9	Analyses ofstaff costs,	trustee remuneration				and expenses, and the	cost of key
	management oersonnel
	Wages and salaries							891,818	794,053
	Redundancy
	Employers national insurance							69,899	60,830
	Employers Pension							18,384	16,461
	Agency &sessional staff							123,294	105,151
								1,103,395	976,495
	The average number of	staff employed			during	the year
	were as follows:
	Direct charitable							39	38
	Administration & support							3	3
								42	41
	The number of employees		whose emoluments			as defined for taxation	purposes
	amounted to over E60,000			in the year	were as	follows:

				Freehold	Offic
				Property	Equipment	Total
14	Tangible fixed assets			E	E	E
	Cost:
	At 1April 2021			466,147	61,955	528,102
	Additions				1,154	1,154
	At 31March 2022			466,147	63,109	529,256
	Depreciation
	At 1April 2021			127,496	55,525	183,021
	Charge in year				4,632	4,632
	At31March 2022			127,496	60,157	187,653
	Net book value
	At 31March 2022			338,651	2,952	341,603
	At 31March 2022			338,651	6430	345,081
15	Debtors
	Amounts due within one year:				2020/21	2019/20
	Fee Debtors				18,852	19,974
	Prepayments				5,980	4,966
	Grant fee debtor				161,665
					186,497	24,940
16	Creditors
	Amounts falling due within one year:
	Other taxation &social security				17,519	16,123
	Other creditors &	accruals			44,672	35,175
					62,191	51,298
17	Deferred income
	Deferred income comprise advance receipt of nursery fees for			2021/22.
	Balance as at1April 2021
	Amount released to income earned from charitable		activities
	Amount deferred	in the year
	Balance as at 31March 2022

ort	he year en	ded 31March	2022
							2021/22	2020/21
18	Analysis ofcharitable funds
	Analysis ofmovement in		unrestricted		funds
	Unrestricted - Functional		fixed	assets	reserve
	Balance at	1April 2021					345,081	349,531
	Movement	in year						(4,450)
	Balance at	31March 2022					345,081	345,081
	Unrestricted —General reserve:
	Balance at	1April 2021					685,576	329,773
	Movement	in year					259,051	351,354
	Inter-fund	transfers						4,450
	Balance at	31March 2022					944,627	685,577
	Desi nated	- Staff & materni		fund
	Balance at	1April 2021					26,472	26,472
	Movement	in year
	Balance at	31March 2022					26,472	26,472
	Balance at	1April 2021					405,000	405,000
	Inter-fund	transfers
	Balance at	31March 2022					405,000	405,000
	Tota I						1,721,180	1,462,130
19	Analysis between fund balances
						Unrestricted
						General	Designated	Total
						6	6	f
	Tangible fixed assets						341,603	341,603
	Cash at bank and in hand					820,321	434,950	1,255,271
	Other net	current assets/	(liabilities)			124,306		124,306
						944,627	776,553	1,721,180