ANNUAL REPORT 2022 - 2023
Manor Community Childcare Centre - Annual Report 2022 - 2023
Manager’s Message
Letter from Gail Johnson Centre Manager
Dear friends of the organisation,
My name is Gail Johnson and I have worked at Manor Community Childcare Centre for 36 years, and have been Centre Manager since April 2019. I am proud to present our annual report for 2022 – 2023, this report provides a brief overview of our work in the past year and our financial status.
We are a charitable company and we have a management committee that have an overall responsibility for running of the charity who meet on a monthly basis.
I am responsible for the quality of service we provide, the development and training of our dedicated staff team and the general day to day running of the nursery.
This year we returned to normal nursery service as we moved beyond the Covid restrictions that had been in place since March 2020.
Despite the challenges we have faced we have remained consistent to our aims and objectives and we have been able to support well over 100 families from the Manor and surrounding area’s.
During this year there has been an overwhelming demand for places for children with special educational needs, placing high demands on the nursery resources to ensure that quality was not compromised.
Our Integrated Resource provision has been in high demand, offering support to 6 children and their families.
This provision offers a focused and targeted approach to children that need a high level of support.
We have made excellent relationships with the early years inclusion team and other professionals in order to access support and funding to deliver a high quality service.
We have made positive links with the local schools including Archdale special School.
Our link with Archdale has progressed from being support based to play visits between both provisions. All the children have really enjoyed this and benefits have been seen all-round.
Financially last year was a challenge but we managed to make a small surplus which will help us to make yet again some much-needed repairs and improvements to the building.
We will continue to work hard to provide the highest quality service possible to all of our families.
Gail Johnson Centre Manager
Manor Community Childcare Centre - Annual Report 2022 - 2023
About MCCC
Manor Community Childcare Centre has been providing childcare to families on the Manor estate for 40 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. We are a voluntary organisation with charitable status and a Limited Company by Guarantee.
Our aim is to provide affordable, quality childcare and training to families living anywhere in the City of Sheffield particularly those living on the Manor and Manor Park estates .
We employ 21 staff members and have 103 children on our registers. We have a board of Directors, which has 4 members who are made up of local residents and representatives from local organisations, who are responsible for the management of the centre. One of our aims for the coming year is to recruit more board members who can bring varied skills and knowledge to our organisation.
“Caring, Sharing and Learning Together”
Manor Community Childcare Centre - Annual Report 2022 - 2023
At Manor Community Childcare Centre (MCCC) we believe in providing early year’s education and care of the highest quality to enable our children to develop and grow into confident individuals and successful learners. Diversity and differences will be valued, respected and celebrated by all and they will contribute to the richness of our community.
We aim to:
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Provide a happy, safe, warm and stimulating environment through a holistic approach for all children to play, learn and develop freely.
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Provide the best possible outcomes for our children to enable them to reach their full potential.
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Encourage independence; develop self-esteem, a sense of achievement and self-confidence.
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Encourage children to have a positive attitude and respect for both themselves and other people.
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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.
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Equip children with the fundamental skills to enjoy and achieve in life.
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Play an active role in the community and help shape the services we provide.
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To work in partnership with other professionals sharing information, knowledge and expertise.
Manor Community Childcare Centre - Annual Report 2022 - 2023
Key Statistics
During the summer term of 2023 we cared for children aged between 2 and 8 years old;
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101 children accessed government funded childcare (free entitlement funding).
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42 children aged 3 and 4 were eligible for pupil premium
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4 of our places were fee paying families (unfunded)
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67 children we cared for had Special Educational Needs
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18 of these are school aged children accessing respite care during school holidays.
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20 of our children had English as an additional language.
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20 children had Social Care or MAST involvement
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6 of these children were ‘looked after’ (either in local authority care or placed with family members).
Funding
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 funded childcare for many 2, 3 and 4 year old’s. In order to meet the needs of local families we aim to keep our fees affordable and our childcare sessions flexible.
As a result of this we often fundraise in order to keep the nursery sustainable, fundraising events that we ask parents to participate in e.g. clothing collections, Christmas Concert and raffles all help us to raise funds to pay for toys, events, activities and equipment for the children.
We also apply for funding from various other sources to pay for equipment, resources, events and projects.
Manor Community Childcare Centre - Annual Report 2022 - 2023
Parent Feedback
Manor Community Childcare Centre - Annual Report 2022 - 2023
Financial Statements
The following are the organisations financial statements for the year end 2023.
Manor Community Childcare Centre - Annual Report 2022 - 2023
MANOR COMMUNITY CHILDCARE CENTRE LIMITED REGISTERED IN ENGLAND AND WALES UNDER COMPANY NUMBER 3558376 REGISTERED CHARITY NUMBER 1079440
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS
SHEFFIELD
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
TRUSTEES' ANNUAL REPORT
31ST MARCH 2023
The trustees present their annual directors' report and the unaudited financial statements of the charity for the year ended 31st March 2023 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 expenditure for the year of £4,219. Total funds amount to £1,230,173 of which £695,886 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 2023, the charity had unrestricted general reserves of £399,715, 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 (£170,000 - £250,000) for the following reasons:
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●To meet contractual liabilities should the organisation have to close.
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●To meet unexpected costs.
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●To replace essential equipment.
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●To ensure that the charity can continue to provide a quality service to children and families
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●To provide working capital when funding is in arrears.
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●In the event of closure, to meet the costs of securing and maintaining the building.
In addition to the above, the trustees have designated £40,000, 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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
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 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 The Cambridge Building Society 51 Newmarket Road, Cambridge, CB5 8EG
Redwood Bank
The Nexus Building, Broadway, Letchworth Garden City, SG6 3TA
Page 2
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
TRUSTEES' ANNUAL REPORT
Reference and administrative details (continued) Directors and trustees R Dowling C Jenkinson C Judson N Jowitt Key management personnel G Johnson Centre manager S Hamilton Deputy manager
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:
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●select suitable accounting policies and then apply them consistently;
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●observe the methods and principles in the Charities SORP 2019 (FRS 102);
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●make judgments and estimates that are reasonable and prudent;
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●state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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●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 18th September 2023 and signed on its behalf by
……………………………………………
R Dowling - Trustee
Page 3
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
31ST MARCH 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2023 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:
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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.
…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants Enterprise House Broadfield Court Sheffield S8 0XF
Dated: 16th October 2023
Page 4
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Notes | 2023 | 2022 | |||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and similar income | 500 | - | 500 | 1,000 | |
| Charitable activities: | |||||
| Grants receivable | 1 | 293,070 | 45,636 | 338,706 | 345,473 |
| Childcare fees | 42,882 | - | 42,882 | 55,183 | |
| Investment income: | |||||
| Interest receivable | 2,752 | - | 2,752 | 2,261 | |
| Other trading activities | |||||
| Rents receivable | 431 | - | 431 | 1,636 | |
| Fundraising | 1,073 | - | 1,073 | 978 | |
| _ | ______ | _ | _ | ||
| Total income | 340,708 | 45,636 | 386,344 | 406,531 | |
| _ | ______ | _ | _ | ||
| Expenditure on: | |||||
| Charitable activities | 2 | 334,333 | 56,230 | 390,563 | 359,084 |
| _ | ______ | _ | _ | ||
| Total expenditure | 334,333 | 56,230 | 390,563 | 359,084 | |
| _ | ______ | _ | _ | ||
| Net income/(expenditure) for | |||||
| the year | 3 | 6,375 | (10,594) | (4,219) | 47,447 |
| Total funds brought forward | 527,912 | 706,480 | 1,234,392 | 1,186,945 | |
| _ | _ | __ | __ | ||
| Total funds carried forward | £534,287 | £695,886 | £1,230,173 | £1,234,392 | |
| _ _ |
_ _ |
_ _ |
_ _ |
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
BALANCE SHEET
| Notes | 2023 | 2022 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 6 | 700,458 | 712,417 | |
| _ | ||||
| Current assets | ||||
| Debtors | 7 | 7,786 | 15,589 | |
| Cash at bank and on hand | 533,880 | 513,614 | ||
| _ | _ | |||
| 541,666 | 529,203 | |||
| Creditors - amounts falling due within one year | 8 | 11,951 | 7,228 | |
| _ | _ | |||
| Net current assets | 529,715 | 521,975 | ||
| __ | __ | |||
| Net assets | £1,230,173 | £1,234,392 | ||
| __ | __ | |||
| __ | __ | |||
| The funds of the charity | ||||
| Unrestricted funds | ||||
| General funds | 10 | 399,715 | 381,975 | |
| Designated funds | 10 | 134,572 | 145,937 | |
| _ | _ | |||
| 534,287 | 527,912 | |||
| Restricted funds | 10 | 695,886 | 706,480 | |
| __ | __ | |||
| Total funds | 11 | £1,230,173 | £1,234,392 | |
| _ _ |
_ _ |
For the year ending 31st March 2023 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 18th September 2023 and signed on their behalf by
…………………………………………R Dowling
……………………………………C Jenkinson Trustee
Trustee
Company number : 3558376
Page 6
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
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
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●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 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
PRINCIPAL ACCOUNTING POLICIES
Expenditure
Expenditure is recognised when a liability is incurred.
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●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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2022 | ||||
| £ | £ | £ | £ | ||
| 1 | Grants receivable | ||||
| Free Entitlement Funding | 292,070 | - | 292,070 | 296,239 | |
| Special Educational Needs and Disabilities | - | 45,636 | 45,636 | 48,234 | |
| Sheffield City Council: | |||||
| Apprentice Incentive | 1,000 | - | 1,000 | 1,000 | |
| _ | ______ | _ | _ | ||
| £293,070 | £45,636 | £338,706 | £345,473 | ||
| _ | ______ | _ | _ | ||
| _ | ______ | _ | _ | ||
| 2 | Charitable activities | ||||
| Provision of childcare: | |||||
| Salaries and national insurance | 253,398 | 45,636 | 299,034 | 284,536 | |
| Pensions | 10,655 | - | 10,655 | 9,726 | |
| Training, courses and travel | 227 | - | 227 | 958 | |
| Rent, rates and water | 5,369 | - | 5,369 | 2,840 | |
| Light and heat | 7,043 | - | 7,043 | 6,448 | |
| Repairs, renewals and security | 21,443 | - | 21,443 | 14,491 | |
| Educational equipment, supplies and | |||||
| cleaning materials | 9,956 | - | 9,956 | 8,948 | |
| Milk and snacks | 2,709 | - | 2,709 | 2,687 | |
| Insurances | 5,484 | - | 5,484 | 5,311 | |
| Postage, stationery and computer | |||||
| consumables | 2,077 | - | 2,077 | 2,102 | |
| Telephone and internet | 1,639 | - | 1,639 | 1,204 | |
| Fees not recoverable | 816 | - | 816 | 110 | |
| Bookkeeping and payroll preparation | 4,704 | - | 4,704 | 3,668 | |
| Bank charges and interest | 101 | - | 101 | 119 | |
| Professional fees | 4,256 | - | 4,256 | 360 | |
| Sundry expenses | 1,471 | - | 1,471 | 1,491 | |
| Depreciation and loss on disposal | 1,365 | 10,594 | 11,959 | 12,525 | |
| Governance costs: | |||||
| Accountancy and independent examination | 1,620 | - | 1,620 | 1,560 | |
| _ | ______ | _ | _ | ||
| £334,333 | £56,230 | £390,563 | £359,084 | ||
| _ _ |
__ ____ |
_ _ |
_ _ |
Page 9
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 3 | Net income/(expenditure) for the year | ||
| This is stated after charging:- | |||
| Depreciation | 11,767 | 12,525 | |
| Loss on disposal of assets | 192 | - | |
| Independent examiner's remuneration | 1,620 | 1,560 | |
| ______ | ______ | ||
| ______ | ______ | ||
| 4 | Analysis of staff costs, trustee remuneration and expenses, and the cost | ||
| of key management personnel | |||
| Salaries | 288,823 | 275,783 | |
| Employer's national insurance | 10,211 | 8,753 | |
| Employer's pension contributions | 10,655 | 9,726 | |
| _ | _ | ||
| £309,689 | £294,262 | ||
| _ _ |
_ _ |
No employees had employee benefits in excess of £60,000 in either year.
The average number of staff employed was 23 (2022 - 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 £62,837 (2022: £57,473).
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
| 6 | Tangible assets | ||||
|---|---|---|---|---|---|
| Leasehold | Canopies | Equipment | Total | ||
| property | |||||
| £ | £ | £ | £ | ||
| Cost | |||||
| As at 1st April 2022 | 896,472 | 58,877 | 61,634 | 1,016,983 | |
| Disposals | - | - | (2,172) | (2,172) | |
| _ | ______ | ______ | __ | ||
| As at 31st March 2023 | 896,472 | 58,877 | 59,462 | 1,014,811 | |
| _ | ______ | ______ | __ | ||
| Depreciation | |||||
| As at 1st April 2022 | 192,587 | 58,877 | 53,102 | 304,566 | |
| Charge for the year | 9,675 | - | 2,092 | 11,767 | |
| Eliminated on disposal | - | - | (1,980) | (1,980) | |
| _ | ______ | ______ | _ | ||
| As at 31st March 2023 | 202,262 | 58,877 | 53,214 | 314,353 | |
| _ | ______ | ______ | _ | ||
| Net book value | |||||
| As at 31st March 2023 | £694,210 | £- | £6,248 | £700,458 | |
| _ | ___ | _____ | _ | ||
| _ | ___ | _____ | _ | ||
| 2023 | 2022 | ||||
| £ | £ | ||||
| 7 | Debtors | ||||
| Grants in arrears | - | 7,100 | |||
| Fees receivable | 3,289 | 3,851 | |||
| Prepayments and accrued income | 4,497 | 4,638 | |||
| _____ | ______ | ||||
| £7,786 | £15,589 | ||||
| _____ | ______ | ||||
| _____ | ______ | ||||
| 8 | Creditors - amounts falling due within one year | ||||
| Trade creditors | 959 | 1,466 | |||
| Taxation and social security | 3,712 | 3,229 | |||
| Funds held on behalf of others | - | 200 | |||
| Other creditors | 7,280 | 2,333 | |||
| ______ | _____ | ||||
| £11,951 | £7,228 | ||||
| ______ | _____ | ||||
| ______ | _____ | ||||
| 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 | 878 | 718 | |||
| Within 2 to 5 years | 2,733 | 555 | |||
| After more than 5 years | 6,702 | 6,801 | |||
| _ ___ |
_ ___ |
Page 11
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| 1st April | Movement in resources | 31st March | |||
| 2022 | Incoming | Outgoing | 2023 | ||
| £ | £ | £ | £ | ||
| 10 | Statement of funds | ||||
| Unrestricted funds: | |||||
| General funds | 381,975 | 340,708 | (322,968) | 399,715 | |
| Designated funds: | |||||
| Assets | 5,937 | - | (1,365) | 4,572 | |
| Building maintenance | 50,000 | - | (10,000) | 40,000 | |
| Closure costs | 90,000 | - | - | 90,000 | |
| _ | _ | _ | _ | ||
| 527,912 | 340,708 | (334,333) | 534,287 | ||
| _ | _ | _ | _ | ||
| Restricted funds: | |||||
| Building | 703,094 | - | (9,664) | 693,430 | |
| Equipment and repairs | 3,386 | - | (930) | 2,456 | |
| Salaries, training and running costs | - | 45,636 | (45,636) | - | |
| _ | ______ | ______ | _ | ||
| 706,480 | 45,636 | (56,230) | 695,886 | ||
| _ | ______ | ______ | _ | ||
| Total funds | £1,234,392 | £386,344 | £(390,563) | £1,230,173 | |
| _ _ |
_ _ |
_ _ |
_ _ |
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 2023.
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.
Page 12
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
10 Statement of funds (continued)
| Prior year comparison: | |||||
|---|---|---|---|---|---|
| Balance at | Balance at | ||||
| 1st April | Movement in resources | 31st March | |||
| 2021 | Incoming | Outgoing | 2022 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds: | |||||
| General funds | 322,003 | 358,297 | (298,325) | 381,975 | |
| Designated funds: | |||||
| Assets | 7,667 | - | (1,730) | 5,937 | |
| Building maintenance | 50,000 | - | - | 50,000 | |
| Closure costs | 90,000 | - | - | 90,000 | |
| _ | _ | _ | _ | ||
| 469,670 | 358,297 | (300,055) | 527,912 | ||
| _ | _ | _ | _ | ||
| Restricted funds: | |||||
| Building | 712,758 | - | (9,664) | 703,094 | |
| Equipment and repairs | 4,517 | - | (1,131) | 3,386 | |
| Salaries, training and running costs | - | 48,234 | (48,234) | - | |
| _ | ______ | ______ | _ | ||
| 717,275 | 48,234 | (59,029) | 706,480 | ||
| _ | ______ | ______ | _ | ||
| Total funds | £1,186,945 | £406,531 | £(359,084) | £1,234,392 | |
| __ | _ | _ | __ | ||
| __ | _ | _ | __ | ||
| 11 | Analysis of net assets between funds | ||||
| Unrestricted | Designated | Restricted | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Fund balances at 31st March 2023 are | |||||
| represented by: | |||||
| Tangible fixed assets | - | 4,572 | 695,886 | 700,458 | |
| Net current assets | 399,715 | 130,000 | - | 529,715 | |
| _ | _ | _ | __ | ||
| Net assets | £399,715 | £134,572 | £695,886 | £1,230,173 | |
| _ | _ | _ | __ | ||
| _ | _ | _ | __ | ||
| Prior year comparison: | |||||
| Fund balances at 31st March 2022 were | |||||
| represented by: | |||||
| Tangible fixed assets | - | 5,937 | 706,480 | 712,417 | |
| Net current assets | 381,975 | 140,000 | - | 521,975 | |
| _ | _ | _ | __ | ||
| Net assets | £381,975 | £145,937 | £706,480 | £1,234,392 | |
| _ _ |
_ _ |
_ _ |
_ _ |
Page 13
MANOR COMMUNITY CHILDCARE CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
12 A detailed breakdown of the 2022 statement of financial activities between unrestricted and restricted funds is as follows:
| funds is as follows: | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2022 | |||
| £ | £ | £ | |
| Income from: | |||
| Donations and similar income | 1,000 | - | 1,000 |
| Charitable activities: | |||
| Grants receivable | 297,239 | 48,234 | 345,473 |
| Childcare fees | 55,183 | - | 55,183 |
| Investment income: | |||
| Interest receivable | 2,261 | - | 2,261 |
| Other trading activities | |||
| Rents receivable | 1,636 | - | 1,636 |
| Fundraising | 978 | - | 978 |
| _ | ______ | _ | |
| Total income | 358,297 | 48,234 | 406,531 |
| _ | ______ | _ | |
| Expenditure on: | |||
| Charitable activities | 300,055 | 59,029 | 359,084 |
| _ | ______ | _ | |
| Total expenditure | 300,055 | 59,029 | 359,084 |
| _ | ______ | _ | |
| Net income/(expenditure) for the year | £58,242 | £(10,795) | £47,447 |
| __ ____ |
__ ____ |
__ ____ |
Page 14
Contact Us
If you would like to learn more information
about our community nursery, please kindly
contact us at:
----- Start of picture text -----
Email us at:
staff@manorcommunity
childcare.org.uk
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Call us at:
0114 2642594
07999352591
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Directors and Trustees:
R Dowling C Jenkinson C Judson N Jowitt Key management personnel: G Johnson - Centre Manager S Hamilton - Deputy Manager
facebook.com/manorcommunitychildcare
Manor Community Childcare Centre - Annual Report 2022 - 2023