##
||||~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|members are|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||
##
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##
|||||||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|
##
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|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|