Ofsted Outstanding Provider 917dcare Ce Manor Community Childcare Centre Ltd "Caring, Sharing and Learning Together Annual Report 2020-2021
Foreword About MCCC We are a voluntary organisation with charitable statu5 and a Limited Company by Guarantee. Our aim is to provide affordable, quality childcare and training to families living any where in the City of Sheffield particularly those living on the Manor and Manor Park estates. Welcome to Manor Community Childcare Centre's Annual Report for 2020-2021. We hope you enjoy reading about the events that have taken place during the last year. Manor Community Childcare Centre has been providing childcare to familie5 on the Manor estate for 38 years since 1982. We moved into a purpose built Childcare Centre in 2001 which was built using funding from the National Lottery, Yorkshire Forward, ERDF and SRB. This year's Annual Report is packed with photographs of what we do at nursery and the children who attend. We now employ 25 staff members and have 113 children on our registers. We have a board of Directors, which has 4 members who are made up of local residents and represent- atives from local organisations. who are responsible for the management of the centrÈ. We look forward to continuing to provide our services to children and families for a further year and we hope that you will continue to support us. iJ.r I
Our Mission statement Centre Mana erRe ort At Manor Community Childcare Centre IMCCCI we believe in providing early yearfs education and care of the highest quality to enable our chil- dren to develop and grow into confident individuals and successful learners. Diversity and differences will be valued, respected and cele- brated by all and they will contribute to the richness of our community. My name is Gail Johnson and I have worked at Manor Community Childcare Centre for over 30 years and have beeri Centre Manager since April 2019. Over the last year it has been very different for everyone due to the Covid-19 pandemic. In nursery we have had to make quite a few changes, the most important being the exclusion of parents and visitors into the centre. We understand how hard this has been for parents and carers having to hand over their child at the door, placing the most preciou5 thing in their life into our trust. Our parents and carers have shown great understandin8 of this way of working, helping us to keep their children and our staff safe. We aim to: Provide a happy, safe, warm and stimulating environment through a holistic approach for all children to play, learn and develop freely. Provide the best POS5ible outcomes for our children to enable them to reach their full potentral. Entourage independence,. develop self-esteem, a sense of achievement and self-confidence. We have had a few staffing changes with a couple moving on lo progress their careers. In September 2020 Sally I lamilton who was previously our t)evelopiiieiit Officer stepped up to become Deputy Manager. Encourage childreii lo l)ave a positive athtude aiid respect for both themselves and other people Acknowledge parents in their role as children's prime educators and work in partnership with them to develop a shared understanding with mutual respect and dialogue. Financially last year was very successfLJI by us making a small surplus which will help us to make some much needed repairs and improvemenls to the building. Equip children with the fundamental skills to enjoy and achieve in Our hopes for the coming year will be to once again open our doors to the community so that groups such as Parent and Toddler and the Kinship Carers group can re-establish and give support to one another. We will continue to work hard to provide the highest quality service possible to all of our families. Play an active role in the community and help shape the services we provide To work in partnership with other professionals sharing information, knowledge and expertise. Gail johnson Centre Manager
Aims for the comin ear ecial Educational Needs The coming year will continue to be a challenEe as we navigate and work with the changes that were brought about during the continued Covid-19 pandemic. We will continue to work hard ensuring that the number of children attending nursery rises and we are able to continue to operate and be sustainable. Manor Community Childcare Centre provides an inclusive learning environ- ment which 15 happy arid educational for all children. We have two special Education21 N?eds Co-Ordin3tors (Gail John50n and Sarah Din) and a fantastic team of staff who are all committed to working hard for each and every child. We hope that eventually restrictions can be relaxed and we will soon be able to welcome parents back into the building and host groups essential to local families such as Play and Weigh and parenting groups. We will work to develop each child's potential according to their Individual need5. We also work closely with parents to ensure a high standard of care and education is delivered. offering Support and adv5ce where needed and referra15 can be made to the relevant profe55ionals for 3Sse%sment if required. Regular review meetlng5 are arran8ed so that parents and all relevant profossion315 can meet to discuss progres5 and future tareets. We will continue to build on the ski115 and qualifications of our staff team and look forward to being able to host and attend training courses once again. We have begun to implement the changes to the EYFS curriculum which 15 being rolled out over the cominE year with support from Faye our newly appointed Early Years Curriculum Lead which will ensure we are providing the best care and education to all children who attend. Our Spring Flowers room provides a small and nurturing environment for children who may firid large group5 difficult. In this room we offer a high adult to child ratio and work on an individual targeted approach supported by outside professionals such as Speech and Language Therapist5, Phy5iOtherapi5ts and the Inclusion Teachers. During the school holiday5 we offer re5Plte 5ession5 to children with additional needs up to the age of eight. These are generally funded via the SNIPS service or if pèrentslcarers are in receipt of direct payment. Our centre is lully acce55ible and we have a sensory room which is often used for one to one and small group work. We pride ourselves in our knowledge and experience and including all childrpn. Gail Johnson ManagerlSENCO/CPO
Fundraisin Parent Feedback We are a 'not for profit, organisation and our nursery fee's alone do not cover the costs to run the centre. Much of our income comes from the free entitlement funding that provides 15 or 30 hours of free childcare for many 2, 3 and 4 year olds. In order to meet the needs of local familie5 we aim to keep our fee5 affordable and our childcare sessions flexible. so rnL4th 4or eyPfe >5 ¢0 yOLi do, C4eprLL4 tIOn ca(ei and $eport Yo th C4FF I JhoL4 *¢ Ffc¢iO44S As a result of this we have to fundraise in order to keep the nursery sustainable, fundraising events that we ask parents to participate in e.g. clothing collections, Christmas Concert and Christmas raffle all help us to raise funds to pay for toys, trips and equipment for the children. Sally, our Deputy Manager also applies for funding from various other sources to pay for equipment, resources, events and even salarie5. ,Ss fhdrt< n%Jf5ee4 30 Athepy (. +k Every year we receive and distribute gifts through the Hallam FM Mission Christmas Appeal to children in need at Xmas time. Ail rtr M 4 Coov hJ U rtS& .1 JLa- You V<X4JiL qll d O%JiJJ . TTI e OilL is , rtli yLyrf( If o TihsaLVdJ ofvj Ji
Tracty Anne Henshaw P recommthJ5 Manor Communlty Childcare Centre. -0 %ÈLitember 3t 13.37.0 Fabulous stall who deal wrth each child as an ild31. so suP)rtive and carirKJ of each child's needs, I personal can vouch for the security iaken in sale guardiNJ of our little ones, I have already recommended this nursery and wll continue10 do s I my families little one5 have been I O Manor Cornmunily Childcare Centre ri Q Comment s Share ,¥.1 Cornmeni as Manor ComNnity Chdcare Centre Becky Russell P recommend5 Manor Communlty Chlldcare Centre -'ts Sepionibei at 17..49.0 My youngest child started at mccc In January 2021, she Is a very hèppy little girf. SP is only 3 and is wrrting her own name, the Staff work so hard for every child 5 indivual needs and il Show in her. All Ihe stall, managemenL dinner superrisor aThJ deaner5 go ab)ve arJ tyond for 11 the children. I vitll ALWAYS OrnMend mccc for any tt¥ld lo atteThl
fhank Yo Manor Community Childcare Centre has become fundamental part of the community and is dedicated to improving the lives of children and families. Our work has been recognised as 'outstanding' by Of5ted and we are commended by other professionals for our work. We could not have achieved this without the continued support and hard work from so many people...... Parents. children and their families who use our centre All of the staff at MCCC Board of Direclors All of our funders and supporters Local organisations/partners ¥*zr."', 11
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
REGISTERED IN ENGLAND AND WALES UNDER COMPANY NUMBER 3558376 REGISTERED CHARITY NUMBER 1079440
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS
SHEFFIELD
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
INDEX
| Page | |
|---|---|
| Trustees' annual report | 1-3 |
| Independent examiner's report | 4 |
| Statement of financial activities and income and expenditure account | 5 |
| Balance sheet | 6 |
| Principal accounting policies | 7-8 |
| Notes to the financial statements | 9-14 |
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
TRUSTEES' ANNUAL REPORT
The trustees present their annual directors' report and the unaudited financial statements of the charity for the year ended 31st March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
Objectives and activities
The charity's principle activity is to advance the education and to provide safe and stimulating care of children of any age, particularly those living in the Upper Manor, Lower Manor and Manor Park areas of Sheffield (the "area of benefit"), and to advance the education of those responsible for their day to day care.
In the pursuance of the above object, to establish, maintain and manage a locally controlled Community Childcare Centre, providing care and education aimed particularly at children from the area of benefit, and training primarily in childcare and personal development skills aimed particularly at adults from the area of benefit.
Review of activities, achievements and performance
The trustees' review of activities is set out in the separate Annual Report which can be obtained from the charity on request.
Financial review and reserves policy
The Statement of Financial Activities shows net income for the year of £48,229. Total funds amount to £1,186,945 of which £717,275 lie in restricted funds and as such are committed to specific purposes or represent the net book value of assets acquired using restricted funds.
At 31st March 2021, the charity had unrestricted general reserves of £322,003, equivalent to approximately 14 months of general charitable expenditure. The charity's policy is to hold reserves equal to between 6 and 9 months running costs (£140,000 - £215,000) for the following reasons:
-
●To meet contractual liabilities should the organisation have to close.
-
●To meet unexpected costs.
-
●To replace essential equipment.
-
●To ensure that the charity can continue to provide a quality service to children and families
-
●To provide working capital when funding is in arrears.
-
●In the event of closure, to meet the costs of securing and maintaining the building.
In addition to the above, the trustees have designated £50,000, earmarked for building maintenance and renewals, and £90,000 for the orderly closure of the childcare centre, should the need arise.
Principal funding sources
The principal funding of the charity is from grants receivable and childcare fees.
Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate the exposure to major risks.
Page 1
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
TRUSTEES' ANNUAL REPORT
Structure, governance and management Governing document
Manor Community Childcare Centre Limited is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. In the event of the charity being wound up members are required to contribute an amount not exceeding £10.
Appointment of trustees
All directors of the company are also trustees of the charity. There are no other trustees. All the trustees named on the information page served for at least part of the year. One third of the trustees retire at the forthcoming Annual General Meeting but are eligible for re-appointment. The trustees may appoint a person as a trustee to fill a vacancy or to act as an additional trustee provided that the appointment does not cause the number of trustees to exceed 15.
Organisation
The charity is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the charity is delegated to employees.
Public benefit
The trustees consider that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission and that the detailed review of activities, set out in the separate Annual Report, demonstrates that the charity delivers public benefit.
Reference and administrative details Charity number 1079440 Company number 3558376 Name and registered office Manor Community Childcare Centre Limited 33 Vikinglea Road, Sheffield, S2 1BE Our advisors: Independent examiners Tingle Ashmore Ltd Chartered Accountants and Statutory Auditors Enterprise House, Broadfield Court, Sheffield, S8 0XF Bankers Lloyds Bank Plc 1 High Street, Sheffield, S1 2GA Aldermore Bank Plc 1st Floor, Block B, Western House, Lynch Wood, Peterborough, PE2 6FZ Cambridge & Counties Bank Charnwood Court, 5B New Walk, Leicester, LE1 6TE Redwood Bank
The Nexus Building, Broadway, Letchworth Garden City, SG6 3TA
Page 2
MANOR COMMUNITY CHILDCARE CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
TRUSTEES' ANNUAL REPORT
Reference and administrative details (continued) Directors and trustees R Dowling C Jenkinson C Judson Rev J Upton - resigned Dec-20 Key management personnel G Johnson Centre manager S Hamilton Deputy manager - from Nov-20 J Croydon Deputy manager - to Oct-20
Statement of trustees' responsibilities
The trustees (who are also directors of Manor Community Childcare Centre Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to:
-
●select suitable accounting policies and then apply them consistently;
-
●observe the methods and principles in the Charities SORP 2019 (FRS 102);
-
●make judgments and estimates that are reasonable and prudent;
-
●state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
●prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.
The report of the trustees was approved by the board on 19th October 2021 and signed on its behalf by
……………………………………………
R Dowling - Trustee
Page 3
MANOR COMMUNITY CHILDCARE CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
31ST MARCH 2021
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2021 which are set out on pages 5 to 14.
Responsibilities and basis of report
As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The 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 that in any material respect:
-
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.
…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF
Dated: 8th November 2021
Page 4
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Notes | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and similar income | 31 | - | 31 | 275 | |
| Charitable activities: | |||||
| Grants receivable | 1 | 324,780 | 55,695 | 380,475 | 341,947 |
| Childcare fees | 18,072 | - | 18,072 | 45,915 | |
| Investment income: | |||||
| Interest receivable | 3,284 | - | 3,284 | 3,839 | |
| Other trading activities | |||||
| Rents receivable | - | - | - | 2,257 | |
| Fundraising | 332 | - | 332 | 928 | |
| _ | ______ | _ | _ | ||
| Total income | 346,499 | 55,695 | 402,194 | 395,161 | |
| _ | ______ | _ | _ | ||
| Expenditure on: | |||||
| Raising funds | - | - | - | 697 | |
| Charitable activities | 2 | 283,434 | 70,531 | 353,965 | 380,647 |
| _ | ______ | _ | _ | ||
| Total expenditure | 283,434 | 70,531 | 353,965 | 381,344 | |
| _ | ______ | _ | _ | ||
| Net income/(expenditure) for | |||||
| the year | 3 | 63,065 | (14,836) | 48,229 | 13,817 |
| Total funds brought forward | 406,605 | 732,111 | 1,138,716 | 1,124,899 | |
| _ | _ | __ | __ | ||
| Total funds carried forward | £469,670 | £717,275 | £1,186,945 | £1,138,716 | |
| _ _ |
_ _ |
_ _ |
_ _ |
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 5
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
BALANCE SHEET
| Notes | 2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 6 | 724,942 | 736,289 | |
| _ | ||||
| Current assets | ||||
| Debtors | 7 | 8,935 | 9,525 | |
| Cash at bank and on hand | 461,960 | 399,777 | ||
| _ | _ | |||
| 470,895 | 409,302 | |||
| Creditors - amounts falling due within one year | 8 | 8,892 | 6,875 | |
| _ | _ | |||
| Net current assets | 462,003 | 402,427 | ||
| __ | __ | |||
| Net assets | £1,186,945 | £1,138,716 | ||
| __ | __ | |||
| __ | __ | |||
| The funds of the charity | ||||
| Unrestricted funds | ||||
| General funds | 10 | 322,003 | 258,772 | |
| Designated funds | 10 | 147,667 | 147,833 | |
| _ | _ | |||
| 469,670 | 406,605 | |||
| Restricted funds | 10 | 717,275 | 732,111 | |
| __ | __ | |||
| Total funds | 11 | £1,186,945 | £1,138,716 | |
| _ _ |
_ _ |
For the year ending 31st March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the period in question in accordance with section 476;
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved and authorised for issue by the Board on 19th October 2021 and signed on their behalf by
…………………………………………R Dowling
Trustee
……………………………………C Jenkinson Trustee
Company number : 3558376
Page 6
MANOR COMMUNITY CHILDCARE CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
PRINCIPAL ACCOUNTING POLICIES
Manor Community Childcare Centre Limited is a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 2 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The charity has applied Update Bulletin 1 as published on 2nd February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The following is a summary of the more important accounting policies used by the charity.
Going concern
The financial statements have been prepared on the going concern basis as the trustees believe that there are no material uncertainties.
Income
All income is accounted for as soon as the charity has entitlement to the income, there is certainty of receipt and the amount can be measured. Income is only deferred when:
-
●The donor specifies that the grant or donation must only be used in future accounting periods; or
-
●The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Grants receivable
Grants in respect of revenue items are written off to the income and expenditure account in the period to which they relate. Grants in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.
Grants relating to fixed assets are credited to a restricted fund on the income and expenditure account from which amounts are released to revenue over the same period as the depreciation period of the relevant assets.
Fees earned and rents receivable
Fees and rents are credited to the period in which they are receivable.
Page 7
MANOR COMMUNITY CHILDCARE CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
PRINCIPAL ACCOUNTING POLICIES
Expenditure
Expenditure is recognised when a liability is incurred.
-
●Charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
-
●Governance costs include those costs incurred in meeting the constitutional and statutory requirements of the charity.
Value added tax
The charity is not registered for VAT. In these financial statements, expenditure is shown inclusive of VAT, where appropriate
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write down the cost of the fixed assets over their expected useful lives. The rates used are as follows:
Leasehold property over the life of the lease Canopies 10% per annum straight line Equipment 25% per annum reducing balance
Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered.
Creditors
Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Pensions
The charity operates a defined contribution pension scheme for its employees. The scheme funds are administered by trustees and are independent of the charity's finances.
Operating leases
All leases are considered to be 'operating leases' and the relevant annual rentals are charged wholly to the Statement of Financial Activities.
Fund accounting
Funds held by the charity are either:-
-
●Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
-
●Designated funds - these have been set up to identify those unrestricted funds that are not free funds in that they represent the net book value of capital assets attributable to the charity's own reserves or unrestricted funds earmarked by the trustees for specific purposes
-
●Restricted funds - these are funds that can only be used for particular restricted purposes, imposed by the donor or through the terms of an appeal.
Page 8
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2020 | ||||
| £ | £ | £ | £ | ||
| 1 | Grants receivable | ||||
| Free Entitlement Funding | 322,280 | - | 322,280 | 297,063 | |
| Special Educational Needs and Disabilities | - | 29,305 | 29,305 | 27,909 | |
| Children in Need | - | 2,500 | 2,500 | 10,000 | |
| Coronavirus Job Retention Scheme | - | 23,507 | 23,507 | - | |
| Coronavirus SSP Rebate Scheme | - | 383 | 383 | - | |
| Virgin Money Foundation | 2,000 | - | 2,000 | - | |
| Sheffield Town Trust | - | - | - | 2,300 | |
| JG Graves Charitable Trust | - | - | - | 2,000 | |
| Groundwork UK | - | - | - | 1,000 | |
| Bee Fund | - | - | - | 175 | |
| Sheffield City Council: | |||||
| Early Years Professional Development | |||||
| Programme | - | - | - | 1,000 | |
| Apprentice Incentive | 500 | - | 500 | 500 | |
| _ | ______ | _ | _ | ||
| £324,780 | £55,695 | £380,475 | £341,947 | ||
| _ | ______ | _ | _ | ||
| _ | ______ | _ | _ | ||
| 2 | Charitable activities | ||||
| Provision of childcare: | |||||
| Salaries and national insurance | 235,235 | 57,354 | 292,589 | 300,455 | |
| Pensions | 9,855 | - | 9,855 | 9,994 | |
| Agency staff | - | - | - | 105 | |
| Training, courses and travel | 550 | - | 550 | 383 | |
| Rent, rates and water | 1,108 | - | 1,108 | 5,390 | |
| Light and heat | 6,568 | - | 6,568 | 6,879 | |
| Repairs, renewals and security | 6,430 | 1,996 | 8,426 | 6,405 | |
| Educational equipment, supplies and | |||||
| cleaning materials | 6,603 | - | 6,603 | 11,367 | |
| Excursions | - | - | - | 947 | |
| Milk and snacks | 1,548 | - | 1,548 | 3,113 | |
| Insurances | 5,083 | - | 5,083 | 5,233 | |
| Postage, stationery and computer | |||||
| consumables | 1,562 | - | 1,562 | 3,078 | |
| Telephone and internet | 2,239 | - | 2,239 | 1,379 | |
| Fees not recoverable | 700 | - | 700 | 667 | |
| Payroll preparation | 690 | - | 690 | 360 | |
| Card machine rental and charges | 66 | - | 66 | 346 | |
| Bank charges | 121 | - | 121 | 141 | |
| Interest | 8 | - | 8 | - | |
| Sundry expenses | 1,249 | - | 1,249 | 1,344 | |
| Depreciation and loss on disposal | 2,319 | 11,181 | 13,500 | 20,061 | |
| Governance costs: | |||||
| Independent examination and audit | 1,500 | - | 1,500 | 3,000 | |
| _ | ______ | _ | _ | ||
| £283,434 | £70,531 | £353,965 | £380,647 | ||
| _ _ |
__ ____ |
_ _ |
_ _ |
Page 9
MANOR COMMUNITY CHILDCARE CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| 3 | Net income/(expenditure) for | the year | ||
| This is stated after charging:- | ||||
| Depreciation | 13,476 | 20,061 | ||
| Loss on disposal of assets | 24 | - | ||
| Independent examiner's remuneration | 1,500 | - | ||
| Auditor's remuneration | - audit | - | 1,170 | |
| - accounts | - | 1,830 | ||
| __ ____ |
__ ____ |
| 4 | Analysis of staff costs, trustee remuneration and expenses, and the cost | ||
|---|---|---|---|
| of key management personnel | |||
| Salaries | 281,966 | 288,569 | |
| Employer's national insurance | 10,623 | 11,886 | |
| Employer's pension contributions | 9,855 | 9,994 | |
| _ | _ | ||
| £302,444 | £310,449 | ||
| _ _ |
_ _ |
No employees had employee benefits in excess of £60,000 in either year.
The average number of staff employed was 24 (2020 - 25).
The key management personnel of the charity comprise the Trustees, the Centre Manager and the Deputy Manager. The total employee benefits of the key management personnel were £58,530 (2020: £58,124).
The trustees were not paid or received any other benefits from employment with the charity in either year. No expenses were reimbursed to trustees in either year.
- 5 Related party transactions
There were no related party transactions requiring disclosure in either year.
Page 10
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
| 6 | Tangible assets | ||||
|---|---|---|---|---|---|
| Leasehold | Canopies | Equipment | Total | ||
| property | |||||
| £ | £ | £ | £ | ||
| Cost | |||||
| As at 1st April 2020 | 896,472 | 58,877 | 60,165 | 1,015,514 | |
| Additions | - | - | 2,153 | 2,153 | |
| Disposals | - | - | (684) | (684) | |
| _ | ______ | ______ | __ | ||
| As at 31st March 2021 | 896,472 | 58,877 | 61,634 | 1,016,983 | |
| _ | ______ | ______ | __ | ||
| Depreciation | |||||
| As at 1st April 2020 | 173,237 | 58,877 | 47,111 | 279,225 | |
| Charge for the year | 9,675 | - | 3,801 | 13,476 | |
| Eliminated on disposal | - | - | (660) | (660) | |
| _ | ______ | ______ | _ | ||
| As at 31st March 2021 | 182,912 | 58,877 | 50,252 | 292,041 | |
| _ | ______ | ______ | _ | ||
| Net book value | |||||
| As at 31st March 2021 | £713,560 | £- | £11,382 | £724,942 | |
| _ | ___ | ______ | _ | ||
| _ | ___ | ______ | _ | ||
| 2021 | 2020 | ||||
| £ | £ | ||||
| 7 | Debtors | ||||
| Grants in arrears | 3,313 | - | |||
| Fees receivable | 868 | 2,560 | |||
| Prepayments and accrued income | 4,754 | 6,833 | |||
| Other debtors | - | 132 | |||
| _____ | _____ | ||||
| £8,935 | £9,525 | ||||
| _____ | _____ | ||||
| _____ | _____ | ||||
| 8 | Creditors - amounts falling due within one year | ||||
| Trade creditors | 1,527 | 1,484 | |||
| Taxation and social security | 4,236 | - | |||
| Funds held on behalf of others | 200 | 200 | |||
| Other creditors | 2,929 | 5,191 | |||
| _____ | _____ | ||||
| £8,892 | £6,875 | ||||
| _____ | _____ | ||||
| _____ | _____ | ||||
| 9 | Operating lease commitments | ||||
| The charity had operating leases at the year end | with total future | ||||
| minimum lease payments as follows: | |||||
| Amount falling due: | |||||
| Within 1 year | 718 | 718 | |||
| Within 2 to 5 years | 1,173 | 1,791 | |||
| After more than 5 years | 6,875 | 6,975 | |||
| _ ___ |
_ ___ |
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MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| 1st April | Movement in resources | 31st March | ||||
| 2020 | Incoming | Outgoing | Transfers | 2021 | ||
| £ | £ | £ | £ | £ | ||
| 10 | Statement of funds | |||||
| Unrestricted funds: | ||||||
| General funds | 258,772 | 346,499 | (281,115) | (2,153) | 322,003 | |
| Designated funds: | ||||||
| Assets | 7,833 | - | (2,319) | 2,153 | 7,667 | |
| Building maintenance | 50,000 | - | - | - | 50,000 | |
| Closure costs | 90,000 | - | - | - | 90,000 | |
| _ | _ | _ | _____ | _ | ||
| 406,605 | 346,499 | (283,434) | - | 469,670 | ||
| _ | _ | _ | _____ | _ | ||
| Restricted funds: | ||||||
| Building | 722,422 | - | (9,664) | - | 712,758 | |
| Equipment and repairs | 8,030 | - | (3,513) | - | 4,517 | |
| Salaries, training and | ||||||
| running costs | 1,659 | 55,695 | (57,354) | - | - | |
| _ | ______ | ______ | ___ | _ | ||
| 732,111 | 55,695 | (70,531) | - | 717,275 | ||
| _ | ______ | ______ | ___ | _ | ||
| Total funds | £1,138,716 | £402,194 | £(353,965) | £- | £1,186,945 | |
| _ _ |
_ _ |
_ _ |
_ _ |
The building of the Childcare Centre and outdoor canopies was funded by grants from various providers. The income was restricted in that it could only be used to fund building expenditure.
Other restricted grants are funds provided for staff costs, equipment and repairs. The balances carried forward represent the net book value of assets acquired and the amount of the monies received and not expended by 31st March 2021.
The designated asset fund was set up to identify unrestricted funds that are not free funds and represents the net book value of capital assets attributable to the charity's own reserves. Transfers to the designated fund represent asset additions during the year funded from the charity's reserves.
The building maintenance designated fund was set up to earmark funds for building maintenance and renewals given the ageing of the building.
The closure costs designated fund was set up to earmark funds that would be required to close the Childcare Centre in an orderly manner should the need arise.
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MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
10 Statement of funds (continued)
| Prior year comparison: | ||||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1st April | Movement | in resources | 31st March | |||
| 2019 | Incoming | Outgoing | Transfers | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds: | ||||||
| General funds | 235,430 | 350,777 | (318,409) | (9,026) | 258,772 | |
| Designated funds: | ||||||
| Assets | 9,432 | - | (2,355) | 756 | 7,833 | |
| Building maintenance | 50,000 | - | - | - | 50,000 | |
| Closure costs | 81,730 | - | - | 8,270 | 90,000 | |
| _ | _ | _ | _____ | _ | ||
| 376,592 | 350,777 | (320,764) | - | 406,605 | ||
| _ | _ | _ | _____ | _ | ||
| Restricted funds: | ||||||
| Building | 738,112 | - | (15,690) | - | 722,422 | |
| Equipment and repairs | 8,050 | 5,300 | (5,320) | - | 8,030 | |
| Salaries, training and | ||||||
| running costs | 2,145 | 38,909 | (39,395) | - | 1,659 | |
| _ | ______ | ______ | ___ | _ | ||
| 748,307 | 44,209 | (60,405) | - | 732,111 | ||
| _ | ______ | ______ | ___ | _ | ||
| Total funds | £1,124,899 | £394,986 | £(381,169) | £- | £1,138,716 | |
| __ | _ | _ | ___ | __ | ||
| __ | _ | _ | ___ | __ | ||
| 11 | Analysis of net assets between funds | |||||
| Unrestricted | Designated | Restricted | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| Fund balances at 31st March 2021 are | ||||||
| represented by: | ||||||
| Tangible fixed assets | - | 7,667 | 717,275 | 724,942 | ||
| Net current assets | 322,003 | 140,000 | - | 462,003 | ||
| _ | _ | _ | __ | |||
| Net assets | £322,003 | £147,667 | £717,275 | £1,186,945 | ||
| _ | _ | _ | __ | |||
| _ | _ | _ | __ | |||
| Prior year comparison: | ||||||
| Fund balances at 31st March 2020 were | ||||||
| represented by: | ||||||
| Tangible fixed assets | - | 7,833 | 728,456 | 736,289 | ||
| Net current assets | 258,772 | 140,000 | 3,655 | 402,427 | ||
| _ | _ | _ | __ | |||
| Net assets | £258,772 | £147,833 | £732,111 | £1,138,716 | ||
| _ _ |
_ _ |
_ _ |
_ _ |
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MANOR COMMUNITY CHILDCARE CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
12 A detailed breakdown of the 2020 statement of financial activities between unrestricted and restricted funds is as follows:
| funds is as follows: | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2020 | |||
| £ | £ | £ | |
| Income from: | |||
| Donations and similar income | 275 | - | 275 |
| Charitable activities: | |||
| Grants receivable | 297,563 | 44,384 | 341,947 |
| Childcare fees | 45,915 | - | 45,915 |
| Investment income: | |||
| Interest receivable | 3,839 | - | 3,839 |
| Other trading activities | |||
| Rents receivable | 2,257 | - | 2,257 |
| Fundraising | 928 | - | 928 |
| _ | ______ | _ | |
| Total income | 350,777 | 44,384 | 395,161 |
| _ | ______ | _ | |
| Expenditure on: | |||
| Raising funds | 697 | - | 697 |
| Charitable activities | 320,067 | 60,580 | 380,647 |
| _ | ______ | _ | |
| Total expenditure | 320,764 | 60,580 | 381,344 |
| _ | ______ | _ | |
| Net income/(expenditure) for the year | £30,013 | £(16,196) | £13,817 |
| __ ____ |
__ ____ |
__ ____ |
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