ELLESMERE CHILDREN'S CENTRE A company limited by guarantee Report and Financial Statements For the year ended 31st March 2024 Registered Company Number: 03733859 (England and Wales) Registered Charity Number: 1082079
Ellesmere Childrens Centre Contents of the Financial Statements for the ear ended 31st March 2024 Page Legal and admin istrative information Report of the trustees Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 8-12
Ellesmere Childrens Centre Com for the Information ear ended 31st March 2024 Status The organisation is a charitable company limited by guarantee, incorporated on 17 March 1999 and registered as a charity on 17 August 2000. The company was established under a memorandum of association which established the objects of the charitable company and is governed by its articles of association. Directors and Trustees Every effort is made to ensure that we have a representative committee who are able to support the smooth running of our organisation. Members are recruited through relevant organisations, user5 of the service and those who work within the local community. Ellesmere presently has a wealth of knowledge and experienced committee members. Trustees Vivian Osborne David Campbell Yvonne Burrell Emma Rowlands Secretar 15tered Off ice 4 Maxwell Street Sheffield 54 7JN Inde endent Examlners Enterprise Chartered Certified Accountants 8 Castlegate rickhill Doncaster DNII 9QU Bankers Lloyds TSB l High Street Sheffield SI 2GA Page I
Ellesmere Childrens Centre Re ort of the Trustees for the ear ended 31st March 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2024. Legal and administrative information set out on page I forms part of this report. The financial statements comply with current statutory requirements, the memorandum of association and the Statement of Recommended Practice - Accounting and Reporting by Charities. Ob'ect of the Charit The trustees have referred to the guidance on public benefit published by the Charity Commission and have considered how planned activities contribute to the aim5 and objectives set. The company's objectives and principal activities for the public benefit are to: ¥ Advance the education and provide safe and stimulating care of young children, in particular those living in the electoral ward of Burngreave in the City of Sheffield. To also advance the education of those responsible for their day to day care without distinction of gender, race, disability, sexuality, political or religious belief5. To provide a caring, learning environment that is responsive to the needs of children and their parents/ carers and in pursuance of the above objects, to establish, maintain and manage a locally controlled community nursery. * To make particular efforts to ensure that the needs of children from BME communities are served and to develop childcare policies and practices that are non-discriminatory. There have been no changes in objectives since the last annual report. Princi al Fundin Sources The charity continues to survive and to promote new services. We continue to be thankfully funded by the National Lottery. We are pleased to announce that we have been successful in receiving the Community Ownership fund. This means that structural damages that occurred via the last capital renovation can now be rectified. The management have continued to attract new partners interested in the work of child-led /therapeutic care. This support has continued to keep our services deliverable and connected to the needs of the local community. We continue to make some good improvements in our marketing but have engaged with a partner organisation to make sure once the capital is completed we car) advertise our services more. We are engaging with some new platforms and are re-designing our WebPages. Nevertheless we are optimistic along with other providers that we can cater for our children and familles particularly with the increasing needs related to good social and emotional well-being. We believe and desperately hope that new income sources of finance will come on stream through individual funders and government resourced funding in a time of acute need. We hope that they will recognise the absolute value of early intervention and the work of early years development. Investment Polic Under the memorandum and articles of association, the charity has the power to make any investments which the trustees see fit. Aside from retaining a prudent amount in our reserves, most of the charity's funds are spent in the short term. There are a few funds for long term investment however, we wish to ensure that we have an account that brings the charity a prudent return. Page 2 Continued.....
Ellesmere Childrens Centre ort of the Trustees- Continued for the ear ended 31st March 2024 Revlew of Activltles and Flnanclal Information We work hard to continue good intervention and to extend our out-reach. The centre has a good reputation in regards to our continued understanding and providing services that cater to the needs of individual cultures. We want to support looked after children and the fostering and adoption service to become more aware of issues of identity. We want to seek and provide individual care. We have successfully developed proud black fathers, working alongside providers and trainers. Our Capital extension provides space for new development but we are reliant on the renovated work taking place immediately. We are looking to expand our black women's menopause cafe and have successfully made a start to understanding a verv sensitive issue supporting and uplifting confidence and resilience to carry on. We have a few new services in the pipeline and are striving to ensure that our parents are informed and providing a space for their digital development with on-site support. Future Develo ments There is a need to look at more family intervention and to look at training for professionals Wlthln social care and the LEA in relations to supporting Transcultural understanding and cultural competencies. We hope to support new partnerships and to increase awareness for chlldren to have improved resilience to cope in their daily lives. We are strengthening the value of working through a transcultural lens. In o(Jr 28t year we are reporting on the contlnued success of Emosi which is now functional and making a difference, we hope to children's lives. Emosi has developed the importance of developing emotional literacy social and emotional well-being which supports children in making connections between how they feel and what they do with their feelings. We have successfully delivered training to the NSPCC in line wlth the Institute of Education in London. We feel that we need to look at giving support to parents who have children with social and emotional issues and this will be new venture for the future. Reserves Polic The Management Committee has examined the charity's requirements for reserves, in the light of the main risks to the organisation. The reserves are needed to meet the working capital requirements of the charity. The commlttee are confldent that at the current level they would be able to continue the current activities of the charity. The strategy is to re-build our reserves. However, the committee is aware of the changing regime5 and is realistic in being economically aware that it may prove difficult to achieve thls. The Committee need to explore new external funding opportunitie5 as they become available. Risk Mana ement Exposure to financial markets affects most organisations both internally and externally, particularly with the change in natlonal government coupled with the local authorlty's commitment to third sector organisations. Ellesmere Children's Centre has tried to develop systems to identify and prioritise key financial risks. The implementation of risk management strategy is in accordance with the Centre's policy. The Ellesmere Management Committee remains optimlstic that more strategic planning towards future services and new ventures wlll help to Identify any future shortfalls. The review and implementation of our systems ensure that we remain a responsible company. Though difficult in politically difficult times agendas that focus on children's services are becoming limited. Trustee5' res onsiblllties In relatlon to the Flnanclal Statement5 Law applicable to charities in England and Wales requires trustees to prepare flnanclal statements for each financial year which give a true and fair view of the charity's financial activities durinE the year and of its financial position at the year end. In preparing those financial statements, the trustèes are required to.. * Select suitable accounting policies and then apply them consistently,. Make judgments and estimates that are reasonable and prudent; State whether applicable accountlng standards and statements of recommended practice have been followed subject to any departures disclosed and explained In the financial statements; and Prepare the flnan¢i31 statements on the going concern ba$15 unless it 15 inappropriate to presume that the charity will continue in business. Page 3 Continued..
Ellesmere Childrens Centre Re ort of the Trustees - continued for the ear ended 31st March 2024 The trustees are responsible for keeping accounting records which 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 Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Financlal Revlew At a time of economic uncertainty where there have been considerable cuts in the levels and availability of funding to the charitable and voluntary sectors, the trustee5 are proud to report retained surplus in the year. The retained surpluses are being designated into funds to support the growth and longevity of the centre in the coming year5. The trustees wish to extend their thanks to all staff, volunteers, funders and supporters for their assistance in helping us achieve our goals. Approved by the trustees on Iv 2024 and signed on its behalf by.. David Campbell Trustee Page 4
Inde endent Examiners Re Ellesmere Childrens Centre for the ear ended 31st March 2024 ort to the Trustees of We report on the accounts of Ellesmere Childrens Centre for the year ended 31 March 2024 which are set out on pages 6 to 12. Res ective re5 onslbilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 14511) of the Charities Act 2011 and than an independent examination is needed. It is our responsibility to.. examine the accounts lunder section 145 of the Charities Act 20111; to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515llbl of the Charities Act 20111. and to state whether particular matters have come to our attention. Basis of Inde endent examiner's re ort My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inde endent examiner'5 Statement In connection with my examination, no matter has come to my attention.. iii which gives me reasonable cause to believe that in any material respects the requirement5 to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with accounting records, comply with the accounting requirements of section 386 of the Companies Act 2006 and with the method and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met; or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the a nts to be reached Jon Llster FCCA Enterprlse Chartered Certlfie 8 Castlegate Tickhill ountants Dated.. Doncaster South Yorkshire DNII 9QU Page 5
Ellesmere Childrens Centre Statement of Financial Activities includin for the ear ended 31st March 2024 Income & Ex enditure Account Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Notes INCOMING RESOURCES Incoming resources from the operating activities of the Charity.. In furtherance of the objectives Investment income Capital Grants Other income 640 271,744 21 144,978 99,717 244,695 22,274 22,274 TOTAL INCOMING RESOURCES 167,252 99,717 266,969 272,405 RESOURCES EXPENDED Charitable expenditure.. Activities in furtherance of the charity's objects Management and administration 135,413 33,590 99,717 235,130 33,590 206,763 29,538 TOTAL RESOURCES EXPENDED 169,003 99,717 268,720 236,301 NET IOUTGOINGI / INCOMING RESOURCES 11,7511 {1,751) 36,104 Total funds brought forward 423,599 417,819 841,418 805,314 TOTAL FUNDS CARRIED FORWARD 421,848 417,819 839,667 841,418 All of the results relate to conti nuing activities. Page 6
Ellesmere Childrens Centre Balance Sheet as at 31 March 2024 Istered Com an Number: 03733859 2024 2023 Note FIXED ASSETS Tangible assets 582.923 581,325 CURRENT ASSETS Debtors Cash at bank and in hand io 261,529 261,529 264,534 264,534 CURRENT LIABILITIES Creditors due within one year li 4,785 4,441 NET CURRENT ASSETS 256,744 260,093 TOTAL ASSETS LESS CURRENT LIABILITIES 839,667 841,418 FUNDS Unrestricted funds Restricted funds 12 421,848 417,819 423,599 417,819 13 TOTAL FUNDS 839,667 841,418 These f inancial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Compaiiies Act 2006. The company is entitled to exemption from the audit requirement contained within section 477 of the Companies Act 2006. for the year ended 31 March 2024. No member of the company has deposited a notice pursuant to section 476, requiring an audit of these accounts. These financial statements were approved by the trustees on The directors have acknowledged their responsibi5ities for preparing account which give a true and fair view of the Company and of the profit/loss Iwhich ever is applicable for the year then ended in accordance with the requirement5 of the Companies Act 2006 and which otherwise comply with the requirements of this Act relating to accounts, so far as appllcable to the Company. The directors have acknowledged their responsibi5ities for ensuring that the Company keeps accounting records which comply with the Companies Act 2006. David Campbell - Director Date: ZLk Page 7
Ellesmere Childrens Centre Notes to the Financial Statements for the ear ended 31st March 2024 I ACCOUNTING POLICIES Basls of accountin The principal accounting policies which are adopted consistently in the preparation of the financial Statements are set out below. al Basi5 of accountlng The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011 and the statement of Recommended Practice.. Accounting and Reporting by Charities IFR51021 issued in January 2015. b} Incomlng resources All income resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The followinE specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donations and Bifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilitles are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Cl Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis. inclusive for any VAT which can be recovered. Allocation of ex endlture Certain expenditure is directly attributable to specific activities and has been included in those cost categorles. Certain other costs, which are attributable to more than one activity, are apportioned across categories on the basis of an estimate of the proportion of time spent by staff on those activities. dl Tangible fixed assets and depreciation Tangible fixed assets are Included in the balance sheet at cost or at market value at the date of the gift. Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation les5 estimated residual value of each asset over its estimated useful life. The principal rates in use are.. Fixtures and fittings 25% Reducing balance Page 8
Ellesmere Children5 Centre Notes to the Financial Statements - continued for the ear ended 31st March 2024 Fund accountin The funds held by the charity are either: Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds set aside by the trustees out of restricted general funds for specific future purposes or projects. * Restricted funds these are fu nds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specif led by the donor or when funds are raised for particular restricted purposes. 2 Donations, legacies and similar incoming resources 2024 2023 Room Hire 640 640 3 Activities in furtherance of the charlty's activities Unrestricted Funds Restricted Funds Total 2024 Total 2023 In furtherance of the objectives Grants received: Sheffield CC1213/4 FELI Child care fees Albert Hunt SP Sundry income Nationa l Lottery Fund 99,948 42,724 99,948 42,724 127,071 38,471 5,000 1.233 99,969 271,744 2,306 2,306 99.717 244,695 99,717 99,717 144,978 4 Investment income 2024 2023 Bank interest 21 Page 9
Ellesmere Childrens Centre Notes to the Financial Statements- continued for the ear ended 31st March 2024 5 Allocatlon of resources expended Charitable activities Management & admin Total 2024 Total 2023 Staff Costs Property costs Administrative expenses Other 178,564 16,519 38,955 1,093 235,130 25,509 2,360 5.565 156 33,590 204,073 18,879 44,520 1,249 268,720 178,446 14,722 41,935 1,198 236,301 Of the above expenses £99,717 relate to Restrirted Funds. 6 Staff numbers and costs 2024 2023 Staff costs: Wages and Social security costs 201,528 167,472 The average num ber of full-time equivalent employees (including casual and part ti me staffl during the year was as fol Iow5'. 2024 Number io 2023 Number 12 There were no employees with emoluments above £50,000. None of the trustees received any remuneration or reimbursement of expenses during the year 7 Net income resources This is Stated after charging: 2024 2023 Depreciation Independent examination 155 155 900 1,055 900 1,055 8 Taxation The charity is exempt from corporation tax on its charitable activities, Page 10
Ellesmere Childrens Centre Notes to the Financial Statements- continued for the year ended 31st March 2024 9 TANGIBLE FIXED ASSETS Equlpment, fixtures & flttlngs Land & Bulldlngs Total COST At 1st April 2023 Additions Revaluation Adjustment 580,859 27,049 1,754 607,908 1,754 At 31st March 2024 580,859 28,802 609,661 DEPRECIATION At 1st April 2023 Charge for year 26,583 155 26,583 155 At 31st March 2024 26,738 26,738 NET BOOK VALUE At 31st March 2024 580,859 2,064 582.923 At 31st March 2023 580,859 466 581,325 10 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Childcare fees Prepayments Other debtors 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other tax and social security Accruals and deferred income 894 2,252 1,295 4,441 3,490 1,295 4,785 Page 11
Ellesmere Childrens Centre Notes to the Financial Statements - continued for the year ended 31st March 2024 12 Unrestricted funds Balance at 1st April 2023 Incoming resources Resources expended Balance at 315t March 2024 Transfers General fund 336,099 167,252 169,003 334,348 Desi nated funds Redundancy & exit costs Building repairs fund New project fund 87,500 87,500 87,500 87,500 Total unresticted funds 423,599 167,252 169,003 421,848 A formal policy on reserves was adopted by the trustees at their meeting held 21st April 2004 and is reviewed annually by the management committee and the board of trustees. 13 Restricted Funds Balance at 1st April 2023 Incomlng resources Resources expended Balance at 31st March 2024 Transfers 417,819 99,717 99,717 417,819 14 Analys55 of net assets among funds Unrestricted Funds 2024 2023 Fund balances at 31st March 2024 are represented by: Tangible fixed assets Net current assets 582,923 256,744 839,667 582,923 256,744 839,667 581,325 260,093 841,418 Page 12