ildcare Ceil ANNUAL REPORT 2023 - 2024 xxx Ofsted Outstanding Provider.,. Manor Community Childcare Centre- Annual Report 2023 - 2024
Manager's Message. tter.from Gail Johnson Dear All, My name is Gail Johnson and I have worked at Manor Community Childcare Centre for 37 years, and have been Centre Manager since April 2019, as Manager of Manor Community Childcare Centre, l am proud to present our annual report for 2023 - 2024. This report provides a brief overview of our work in the past year and our financial status. l am responsible forthe quality of service we provide, the development and training of our dedicated staff team and the general day to day running of the nursery. We have remained consistent to our aims and objectives, and we have been able to support well over loo familie5 from the Manor and surrounding area's. During this year yet again there has been an overwhelm ing demand for places for children with special educational needs, placing high demands on the nursery resourcesto ensure that quality wa5 not compromised. Our Integrated Resource provision continuesto be in high demand, offering support to 6 children and theirfamilies. This provision offers a focused and targeted approach to children that need a high level of support. We have made excellent relationshi ps with the early yearfs inclusion team and other professionals in order to access support and funding to deliver a hig h-quality service to the children and their families. In July we transitioned 32 children to over 9 schools. All the children had made good progress in their own development pathway making us very proud of every single one. This year we have had a few staffing changes, losing some old staff and welcoming new staff on board. We are grateful to all our families, many of which who are very loyal to us returning with the next generation of their family. We will continue to work hard to provide the highest quality seNice possible to all of our families and look forward to continuing this work in the years to come. Thank you for your support, and I hope you will continue to support Us as we work to make a positive, lasting difference to chi Idren and families. Yours Sincerely Gail Johnson Centre Manager Manor Community Childcare Centre - Annual Report 2023 - 2024
About MCCC Manor Community Childcare Centre has been providing childcare to families on the Manor estate for 41 years since 1982. We moved into purpose-built Childcare Centre in 2001 which was built using funding from the National Lottery, Yorkshire Forward, ERDF and SRB. Our aim is to provide affordable• quality chlldcare and training to families Ilving anywhere in the Clty of Sheffield particularly those living on the Manor and Manor Park eststes. We are a voluntary organisation with charitable status and a Limited Company by Guarantee. We employ 19 staff members and had 91 children on our registers during the summer term of 2024. We have a board of Directors, which has 5 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. "Caringw Sharlng and Learning Together" Manor Community Childcare Centre - Annual Report 2023 - 2024
Our Mission Statement At Manor Community Childcare Centre {MCCC) we believe in providing early yearfs 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: Provide a happy, safe, warm and stimulating environment through a holistic approach for all children to play, learn and develop freely. Provide the best possible outcomes for our children to enable them to reach their full potential. Encourage independence; develop self-esteem, a sense of achievement and self-confidence. Encourage children to have a positive attitude and respect for both themselve5 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. Equip children with the fundamental skills to enjoy and achieve in life. 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. Manor Community Childcare Centre- Annual Report 2023 - 2024
Key Statistics During the summer term of 2024 we cared for 96 children aged between 2 and 8 years old. 91 children accessed government funded childcare (free entitlement funding). 45 children aged 3 and 4 were eligible for pupil premium 5 of our places were fee paying families lunfundedl 36 children we cared for had Special Educational Needs 5 of these are school aged children accessing respite care during school holidays. 25 of our children had English as an additional lan8ua8e. 10 children had Social Care or MAST involvement 4 of these children were 'looked afterf {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 raff les 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 2023- 2024
Parent Feedback + eachers h',lacart Centrt, 'Q4"¢1,fjkn CLI- I)IL)41¢ MeMtsrle%, ¥ke bn fjod trh learThn Lrnr*l. Lin.d KJ¢ll n¢ Ldl SD much . Ji bo41 i iyJLII bo£- .v.x C¥cL4 L s LLI)no Mancrf Lknhry haifL 81 fvi tts F<JK etwtr hf IE4q Winn,(), Manor Community Childcare Centre - Annual Report 2023- 2024
inancial Statements The following are the organisations Manor Community Childcare Centre - Annual Report 2023- 2024
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 31 ST MARCH 2024 TINGLE ASHMORE LTD CHARTERED ACCOUNTANTS SHEFFIELD
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 INDEX Page Trustees, annual report Independent examiner's report Statement of financial activities and income and expenditure accounl Balance sheet Principal accounting policies Notes to the financial statements 9-14
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES, ANNUAL REPORT The trustees present their annual directors, report and the unaudited financial statements of the charity for the year ended 31 st March 2024 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 lo 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 Ithe "area of benefit"), and to advance the education of those responsible for their day lo 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 £14,092. Total funds amount to £1,244,265 of which £685,538 lie in restricted funds and as such are committed to specific purposes or represent the nel book value of assets acquired using restricted funds. At 31st March 2024, the charity had unrestricted general reserves of £422,816, equivalent to approximately 15 months of general charitable expenditure. The charity's policy is to hold reserves equal to between 6 and 9 months running costs1£170,000 £250,000) for the following reasons, To meet conlraclual liabilities should the organisation have to close. To meet unexpected cosls 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. I n 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 lo mitigate the exposure to major risks. Page 1
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 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 lo 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 al least part of the year. One third of the trustees retire al 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. Organisalion 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, sel out in the separate Annual Report demonslrales 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 18E Our advisors. Independent examiners Tingle Ashmore Ltd Chartered Accountants Enterprise House. Broadfield Court. Sheffield, S8 OXF Bankers Lloyds Bank PIC 1 High Street. Sheffield. S1 2GA Aldermore Bank PIC 1st Floor, Block B, Western House, Lynch Wood. Peterborough, PE2 6FZ Cambridge & Counties Bank Charnwood Court. 5B New Walk. Leicester. LE16TE 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 2024 TRUSTEES. ANNUAL REPORT Reference and administrative details (continued) Directors and trustees R Dowling C Jenkinson C Judson N Jowitt R Foster appointed 2015124 Key management personnel G Johnson S Hamilton Centre manager Deputy manager Statement of trustees. responsibilities The trustees (who are also directors of Manor Community Childcare Centre Limited for the purposes of company lawl 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 lo 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 reasonab5e 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 26th November 2024 and signed on its behalf by R Dowling - Trustee Page 3
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR COMMUNITY CHILDCARE CENTRE LIMITED I report to the charity trustees on my examination of the accounts of the company for the year ended 31 st March 2024 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 lawl you are responsible for the preparation of the accounls in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,) Having satisfied myself Ihat the accounts of Ihe 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 I'the 2011 Act'l In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ibl 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 l am qualified to undertake the examination because l am a membef of The Instilute 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 l 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. Dated.. 28th November 2024 Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants Enterprise House Broadfield Court Sheff ield S8 OXF Page 4
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT Unrestflcted fund5 Restricted funds Total funds 2024 Total funds 2023 Notes Income from.. Donations and similar income 500 Charitable activities- Grants receivable Childcare fees 313,925 41,913 52.752 366.677 41,913 338,706 42.882 Investment income. Interest receivable 8,508 8,508 2,752 Other trading activities Rents receivable Fundraising 70 130 70 130 431 1,073 Total income 364.546 52.752 417,298 386.344 Expenditure on.. Charitable activities 340,106 63,100 403,206 390,563 Total expenditure 340,106 63,100 403.206 390,563 Net incomel{expendilure) for the year 24.440 110,3481 14,092 14,2191 Total funds brought forward 534,287 695,886 1.230,173 1.234,392 Total funds carried forward £558,727 £685,538 £1,244.265 £1.230,173 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 31 ST MARCH 2024 BALANCE SHEET Notes 2024 2023 Fixed assets Tangible assets 691.449 700,458 Current assets Debtors Cash at bank and on hand 8,568 552,940 7,786 533,880 561,508 541,666 Creditors - amounts falling due within one year 8,692 11,951 Net current assets 552,816 529,715 Nel assets £1,244,265 £1.230,173 The funds of the charity Unrestricted funds General funds Designated funds 10 10 422,816 135,911 399,715 134,572 558,727 534,287 Restricted funds 10 685,538 695,886 Total funds £1,244.265 £1,230,173 For the year ending 31 st March 2024 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 ils 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 aulhorised for issue by the Board on 26th November 2024 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 2024 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 U K and Republic of I reland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021, 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 specifie5 that the grant or donation musl 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 lo 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 rent5 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 2024 PRINCIPAL ACCOUNTING POLICIES Expenditure Expenditure is recognised when a liability is incurred. Charitable activities includes those costs incurred by the charity in Ihe delivery of its activities and services for ils beneficiaries. Governance costs Include those costs incurred in meeting the constitutional and slalutory 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 slated 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 100/0 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 al 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 chaf ity'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 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Grant5 receivable Free Entitlernent Funding Special Educational Needs and Disabilities 313,925 313,925 52.752 292.070 45.636 52,752 Sheffield City Council= Apprentice Incentive 1,000 £313,925 £52.752 £366,677 £338,706 Charitable activities Provision of childcare.. Salaries and national insurance Agency staff and recruitment Pensions Training, courses and travel Rent, rates and water Light and heat Repairs, renewals and security Educational equipment, supplies and cleaning materials Milk and snacks Insurances Postage, stationery and computer consumables Telephone and internet Fees not recoverable Bookkeeping and payroll preparation Bank charges and interest Professional fees Sundry expenses Depreciation and loss on disposal Governance costs Accountancy and independent examination AGM expenses 255.952 5,633 11,066 1,071 3.860 5,832 20,640 52,752 308,704 5.633 11,066 1.071 3.860 5.832 20.640 299,034 10,655 227 5,369 7,043 21,443 6,594 2,888 5,825 6.594 2,888 5.825 9,956 2,709 5,484 2,266 798 1,114 4,704 78 6,529 2,495 1,061 2.266 798 1,114 4.704 78 6,529 2,495 11,409 2,077 1,639 816 4,704 101 4,256 1,471 11,959 10,348 1,680 20 1.680 20 1,620 £340.106 £63,100 £403.206 £390,563 Page 9
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 2024 2023 Net incomel{expenditurel for the year This is staled after charging. Depreciation Loss on disposal of assets Independent examiner's remuneration 11.187 222 1,680 11,767 192 1,620 Analysis of staff costs. trustee remuneration and expenses, and the cost of key management personnel Salaries Employer's national insurance Employer's pension contributions 297,749 10,955 11.066 288.823 10,211 10,655 £319,770 £309,689 No employees had employee benefits in excess of £60,000 in either year. The average number of staff employed was 21 12023 - 231. 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 £69,880 12023. £62 837) The trustees were not paid or received any other benefits from employment with the charity in either year. No expenses were reimbursed lo trustees in either year. 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 2024 NOTES TO THE FINANCIAL STATEMENTS Tangible assets Leasehold property Canopies Equipment Total Cost As al 1 sl April 2023 Additions Disposals 896.472 58,877 59,462 2.400 11,4131 1,014,811 2,400 11,4131 As at 31st March 2024 896,472 58,877 60.449 1,015,798 Depreciation As at 1 st April 2023 Charge for the year Eliminated during the year 202 262 9,675 58,877 53,214 1,512 11 1911 314.353 11,187 As al 31 st March 2024 211.937 58,877 53.535 324 349 Net book value As at 31st March 2024 £684,535 £6,914 £691.449 2024 2023 Debtors Fees receivable Prepayments and accrued income 1,927 6.641 3,289 4,497 £8,568 £7.786 Creditors - amounts falling due within one year Trade creditors Taxation and social security Other creditors 1,801 3.764 3.127 959 3,712 7,280 £8,692 £11.951 Operating lease commitments The charity had operating leases at the year end with lolal future minimum lease payments as follows.. Amount falling due. Within 1 year Within 2 to 5 years After more than 5 years 878 1,955 6,575 878 2,733 6.675 Page11
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Balance at 1 sl Apri5 2023 Transfers between funds Balance at 31 st March 2024 Movement in resources Incoming Outgoing 10 Slalement of funds U nrestr1Cted funds. General funds Designated funds.. Assets Building maintenance Closure costs 399,715 364,546 1339,0451 (2,400) 422.816 4,572 40,000 90,000 (1,0611 2.400 5,911 40,000 90,000 534,287 364 546 1340,1061 558,727 Reslricled funds. Building Equipment and repairs Salaries. training and running costs 693,430 2.45S {9,6641 16841 683,766 1.772 52,752 152,7521 695.886 52,752 163,1001 685,538 Total funds £1,230,173 £417,298 £1403,206) £1,244,265 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 lo 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 2024. The designated asset fund was set up to identify unrestricted funds that are not free funds and represents the nel book value of capital assets attributable lo 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 Chi1dcare Centre in an orderly manner should the need arise. Page 12
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 10 Statement of funds (continued} Prior year comparison.. Balance at 1 st April 2022 Balance al 31st March 2023 Movement in resources Incoming Outgoing Unrestricted funds. General funds Designated funds.. Assets Building maintenance Closure costs 381,975 340,708 {322 9681 399,715 5,937 50.000 90,000 11,3651 (10,0001 4,572 40 000 90,000 527,912 340,708 (334.3331 534.287 Restricted funds. Building Equipment and repairs Salaries. training and running costs 703,094 3,386 {9,6641 19301 145,636) 693.430 2.456 45,636 706,480 45,636 156,2301 695,886 Total funds £1,234,392 £386,344 £{390,563) £1.230.173 11 Analysis of net assets between funds Unrestricted Designated funds funds Restricted funds Total funds Fund balances at 31st March 2024 are represented by. Tangible fixed assets Net current assets 5.911 130,000 685,538 691.449 552.816 422,816 Net assets £422,816 £135.911 £685,538 £1.244.265 Prior year comparison.. Fund balances at 31 st March 2023 were represented by Tangible fixed assets Net current assets 4,572 130,000 695.886 700,458 529,715 399.715 Net assets £399.715 £134.572 £695,886 £1,230.173 Page 13
MANOR COMMUNITY CHILDCARE CENTRE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 12 A detailed breakdown of the 2023 statemenl of financial activities beeen unrestricted and restricted funds Is as follows.. Unrestricted funds Restricted funds Total funds 2023 Income from. Donations and similar income Charitable activities Grants receivable Childcare fees Investment Income. I nterest receivable Other trading activilies Rents receivable Fundraising 500 500 293,070 42,882 45,636 338.706 42,882 2,752 2.752 431 1.073 431 1,073 Total Income 340,708 45,636 386,344 Expendilure on.. Charitable aclivities 334.333 56,230 390,563 Total expenditure 334.333 56 230 390,563 Net incomellexpenditurel for the year £6,375 £{10.5941 £14.219} Page 14
Contact Us If you would like to learn more information about our community nursery, please kindly contact us at: Email us at: Call us at: staff@manorcominunity childcare.org.uk 0114 2642594 07999352591 Directors and Trustees: R Dowling C Jenkinson C Judson N Jowitt Key management personnel.. facebook.com/manorcommunitychildcare G Johnson - Centre Manager S Hamilton - Deputy Manager nual Report