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2023-03-31-accounts

Trustees' Annual Report for the period

From

Period start date Period end date Day Month Year Day Month Year 1 April 2022 To 31 March 2023

Section A Reference and administration details

Charity name Greenfields Childcare

Other names charity is known by

Registered charity number (if any) 1094287

Charity's principal address Greenfields Family Centre

Dalton Green Lane, Dalton Huddersfield Postcode HD5 9TR

Names of the charity trustees who manage the charity

----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Kenneth Delaney Chair
2 Jonathan Orman Treasurer
3 Alexander Roffey Secretary
4 Katie Washington Trustee
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information) Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Penny Smith - Manager

Section B Structure, governance and management

Description of the charity’s trusts

Preschool Learning Alliance Model Constitution Type of governing document (eg. trust deed, constitution) Unincorporated association, but we have trustee and indemnity insurance How the charity is constituted to help us manage risk. We are aware that we need to address the issue (eg. trust, association, company) of CIO, which would have been prioritised had it not been for the pandemic and then having to reform a new committee Parents can self-nominate using a comprehensive introduction/application Trustee selection methods form. Applications are discussed at committee, proposed and seconded (eg. appointed by, elected by) by current trustees where appropriate.

Additional governance issues (Optional information)

Section C Objectives and activities

To enhance the development and education of children, primarily under statutory school age, by encouraging parent to understand and provide for the needs of their children through community groups. Summary of the objects of the charity set out in its governing document

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2

To provide a safe, child centred, caring environment that is stimulating and challenging. To offer this care and education in partnership with parents and other professionals. To offer equality of opportunity to all children and families within our setting.

As trustees we are confident that we have complied with our duty to have due regard to public benefit guidance published by the Commission. All trustees are subject to a lengthy induction which covers all aspects of their responsibilities to the group. This is detailed at length in our Trustees Code of Conduct.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

The group has reconnected with its volunteers and is once again actively supported by a number of volunteers who help with various aspects of the group’s activities. Activities include maintenance, childcare, fundraising and governance.

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Greenfield has continued to provide a good quality experience for the children in our care. We have bounced back from the pandemic and see high numbers of families wishing to use the setting. We have reconnected with links in the community and continue to work with schools, organisations providing food banks and other likeminded organisations.

By providing effective, affordable childcare that parents are confident to access, we support parents to gain employment, especially females as this tends to raise the families’ living standards, in an area which is well documented as being in the lower 20% of the Government’s IMD. Access to education and training is further improved because of the availability or affordable or free childcare. We have tailored our planning and curriculum to meet the needs of the diversity of children who attend the setting.

We continue to evolve and improve our knowledge and the knowledge and practice of our staff members, setting in place a robust supervision and appraisal system to identify strengths and weaknesses to inform training plans. This ensures the best quality of education and care for the children in our setting. We have had a variety of successful fundraising events which has impacted the setting by providing much needed finances given the substantial rise in the cost of electricity and the cost of living in general. This is something we need to continue to do and look towards grants to enable us to continue to offer the high provision.

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Section E Financial review

Brief statement of the charity’s policy on reserves

Details of any funds materially in deficit

The current bank balance is equivalent to approximately 3 months operating costs. Reserves are not kept in a separate account but are in the main trading account.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

The Charity’s main source of income continues to be FEEC funding and parent fees. This will increase as the government funding of 2 year olds increases. More emphasis needs to be put on grant bid writing and continuation of successful fundraising events.

The rise in the minimum wage again is a risk as we need to maintain differentiation between staff pay levels to enable us to attract a good level of employee.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Alexander Roffey Alexander Roffey (Feb 16, 2024 15:14 GMT) Full name(s) Alexander Roffey Position (eg Secretary, Chair, Trustee etc) Date 13/02/2024

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5

Greenfields Childcare

Charity No. 1094287

Trustees' Report and Unaudited Accounts

31 March 2023

Greenfields Childcare Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Statement of Cash flows 6
Notes to the Accounts 7 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Greenfields Childcare Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1094287

Trustees

The following trustees served during the year:

K. Delaney

Accountants

Solutions Accountancy & Bookkeeping Ltd

1 The Mews

Little Brunswick Street

Huddersfield

HD1 5JL

OBJECTIVES AND ACTIVITIES

Refer Trustee Report

ACHIEVEMENTS AND PERFORMANCE

Refer Trustee Report

FINANCIAL REVIEW

Refer Trustee Report

PLANS FOR FUTURE PERIODS

Refer Trustee Report

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Alexander Roffey

Alexander Roffey (Feb 16, 2024 15:14 GMT)

A. Roffey

Trustee

13 February 2024

Page 2

Greenfields Childcare Independent Examiners Report

Independent Examiner's Report to the trustees of Greenfields Childcare

I report to the trustees on my examination of the financial statements of Greenfields Childcare for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity'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 by being a qualified member of CPAA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

V Newham (Feb 16, 2024 13:30 GMT)

Victoria Newham CPAA

Solutions Accountancy & Bookkeeping Ltd 1 The Mews

Little Brunswick Street Huddersfield

HD1 5JL 13 February 2024

Page 3

Greenfields Childcare Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Charitable activities
3
Investments
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
Restricted
funds
Total funds Total funds
2023 2023 2023 2022
£ £ £ £
309,600 - 309,600 278,368
110 - 110 -
- 38,949 38,949 16,815
309,710 38,949 348,659 295,183
14,635 - 14,635 9,602
279,738 32,089 311,827 272,391
294,373 32,089 326,462 281,993
- - - -
15,337 6,860 22,197 13,190
- - - -
15,337 6,860 22,197 13,190
15,337 6,860 22,197 13,190
89,980 - 89,980 76,790
105,317 6,860 112,177 89,980

Page 4

Greenfields Childcare Balance Sheet

at 31 March 2023

Charity No. 1094287
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
13
Restricted income funds
Unrestricted funds
13
General funds
Designated funds
Reserves
13
Total funds
2023
£
2,011
2,011
21,754
93,232
114,986
(4,820)
110,166
112,177
112,177
112,177
6,860
6,860
103,960
1,357
105,317
112,177
2022
£
1,740
1,740
23,069
66,161
89,230
(990)
88,240
89,980
89,980
89,980
-
-
89,980
-
89,980
89,980

Approved by the trustees on 13 February 2024 And signed on their behalf by: Alexander Roffey Alexander Roffey (Feb 16, 2024 15:14 GMT) A. Roffey Trustee 13 February 2024

Page 5

Greenfields Childcare Statement of Cash flows for the year ended 31 March 2023

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
2023
£
22,197
1,440
(39,059)
-
1,315
3,830
(10,277)
(1,711)
39,059
37,348
-
27,071
66,161
93,232
2022
£
13,190
870
(16,815)
-
(23,069)
990
(24,834)
(2,610)
16,815
14,205
-
(10,629)
76,790
66,161
Components of cash and cash equivalents
Cash and bank balances 93,232 66,161
93,232 66,161

Page 6

Greenfields Childcare Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Greenfields Childcare Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings and 33.33% Straight Line equipment

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

Greenfields Childcare

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Childcare Fees
Feec Funding
4
Income from investments
Bank Interest Received
Unrestricted
funds
2022
£
278,368
-
278,368
9,602
255,576
265,178
13,190
13,190
13,190
76,790
89,980
Unrestricted
£
223,438
86,162
309,600
Unrestricted
£
110
110
Restricted
funds
2022
£
-
16,815
16,815
-
16,815
16,815
-
-
-
-
-
Total
2023
£
223,438
86,162
309,600
Total
2023
£
110
110
Total funds
2022
£
278,368
16,815
295,183
9,602
272,391
281,993
13,190
13,190
13,190
76,790
89,980
Total
2022
£
169,814
108,554
278,368
Total
2022
£
-
-

Page 9

Greenfields Childcare Notes to the Accounts

5 Other income

Job Retention Scheme
(Wages)
Grants
Apprentice
1:1 Support
6
Expenditure on charitable activities
Expenditure on charitable
activities
Childcare Fees
Feec Funding
Governance costs
Independent Examiner Fee
7
Other expenditure
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
9
Staff costs
Salaries and wages
Unrestricted
£
244,207
20,788
1,440
13,303
279,738
Restricted
£
-
11,740
-
27,209
38,949
Total
2023
£
-
11,740
-
27,209
38,949
Total
2022
£
1,520
2,667
1,000
11,628
16,815
Unrestricted
£
8,668
4,977
990
14,635
Restricted
£
23,349
8,740
-
-
32,089
2023
£
1,440
990
2023
264,813
264,813
Total
2023
£
8,668
4,977
990
14,635
Total
2023
£
267,556
29,528
1,440
13,303
311,827
Total
2022
£
5,057
3,555
990
9,602
Total
2022
£
232,497
30,635
870
8,389
272,391
2022
£
870
990
2022
231,987
231,987

No employee received emoluments in excess of £60,000.

Page 10

Greenfields Childcare Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation
At 1 April 2022
Additions
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for the
year
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
11 Debtors
Trade debtors
Prepayments and accrued income
12 Creditors:
amounts falling due within one year
Trade creditors
Accruals
2023
£
20,412
1,342
21,754
2023
£
3,830
Fixtures,
fittings and
equipment
£
2,610
1,711
4,321
870
1,440
2,310
2,011
1,740
Total
£
2,610
1,711
4,321
870
1,440
2,310
2,011
1,740
2022
£
21,779
1,290
23,069
2022
£
-
990 990
4,820 990

Page 11

Greenfields Childcare Notes to the Accounts

13 Movement in funds

Restricted funds:
Restricted income funds:
1:1 Support
Grants
Total
Unrestricted funds:
General funds
Designated funds:
Childcare Fees
Total
Total funds
At 1 April
2022
-
-
-
89,980
-
-
89,980
Incoming
resources
(including
other
gains/losses
)
£
27,209
11,740
38,949
305,808
3,902
3,902
348,659
Resources
expended
£
(23,349)
(8,740)
(32,089)
(291,828)
(2,545)
(2,545)
(326,462)
At 31
March
2023
£
3,860
3,000
6,860
103,960
1,357
1,357
112,177
Purposes and restrictions in relation to the funds: Purposes and restrictions in relation to the funds:
Restricted funds:
1:1 Support Made up of EYPP Money £2,160.00 and DAF Funding was £1,700.00
Grants Made up of One Community Grant £3,000.00
Designated funds:
Childcare Fees Made up of £1,356.98 Fundraising Carried Forward

14 Analysis of net assets between funds

Fixed assets
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt
At 1 April
2022
£
Unrestricted
funds
£
2,011
110,166
112,177
Cash flows
£
Total
£
2,011
110,166
112,177
At 31
March
2023
£
66,161 27,071 93,232
66,161
66,161
27,071
27,071
93,232
93,232

Page 12

Greenfields Child¢are Note$ to the A¢¢ounl$ Page 13

Greenfields Childcare Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Charitable activities
Childcare Fees
Feec Funding
Investments
Bank Interest Received
Other
Job Retention Scheme (Wages)
Grants
Apprentice
1:1 Support
Total income and endowments
Expenditure on:
Charitable activities
Childcare Fees
Feec Funding
Governance costs
Independent Examiner Fee
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Staff training
Premises costs
Rent
Rates
Light, heat and power
Premises cleaning
Other premises costs
Unrestricte
d funds
2023
£
223,438
86,162
309,600
110
110
-
-
-
-
-
309,710
8,668
4,977
13,645
990
990
14,635
241,464
2,743
244,207
7,958
1,601
8,468
2,275
486
20,788
Restricted
funds
2023
£
-
-
-
-
-
-
11,740
-
27,209
38,949
38,949
-
-
-
-
-
-
23,349
-
23,349
8,740
-
-
-
-
8,740
Total funds
2023
£
223,438
86,162
309,600
110
110
-
11,740
-
27,209
38,949
348,659
8,668
4,977
13,645
990
990
14,635
264,813
2,743
267,556
16,698
1,601
8,468
2,275
486
29,528
Total funds
2022
£
169,814
108,554
278,368
-
-
1,520
2,667
1,000
11,628
16,815
295,183
5,057
3,555
8,612
990
990
9,602
231,987
510
232,497
27,345
-
-
1,090
2,200
30,635

General administrative costs, including depreciation and amortisation

Page 14

Greenfields Childcare

Detailed Statement of Financial Activities

Depreciation of Fixtures, fittings
and equipment
Bad debts
Bank charges
Equipment expensed
Sundry expenses
Telephone, fax and broadband
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
1,440
7,948
91
4,213
186
865
14,743
279,738
294,373
-
15,337
15,337
-
15,337
89,980
105,317
-
-
-
-
-
-
-
32,089
32,089
-
6,860
6,860
-
6,860
-
6,860
1,440
7,948
91
4,213
186
865
14,743
311,827
326,462
-
22,197
22,197
-
22,197
89,980
112,177
870
2,420
118
5,549
-
302
9,259
272,391
281,993
-
13,190
13,190
-
13,190
76,790
89,980
Signature:

Email: greenfieldschildcare@outlook.com

Page 15