Charity Registration No. 1098211
BURNHOLME COMMUNITY NURSERY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
BURNHOLME COMMUNITY NURSERY
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 - 12 |
BURNHOLME COMMUNITY NURSERY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Kate Evans Karen Todman Martin Todman Nina Holliday Mark Briggs David Harrison Charity number 1098211 Principal address Burnholme Nursery The Centre Mossdale Avenue Bad Bargain Lane York YO31 0HA Independent examiner N Clemit ACA, FCCA JWPCreers LLP Chartered Accountants Genesis 5 Church Lane York YO10 5DQ Bankers Nat West Bank Plc 1 Market Street York YO1 8SR
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BURNHOLME COMMUNITY NURSERY
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".
The legal and administrative information page forms part of this report.
Objectives and activities
The charity’s objects are:
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To advance quality care and education for young children (primarily under statutory school age) by promoting learning and offering a relevant and appropriate programme of activities which will take into account cultural, religious and social backgrounds.
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To enhance the whole development (physical, social and emotional) of children primarily under statutory school age by encouraging the wider community and in particular Burnholme Community College to understand and provide for the needs of young children.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Our nursery continues to provide high quality childcare for all our children, we understand each child’s individual needs and support them in everyday play.
We have maintained our numbers providing childcare for over 50 children over the week (up to 30 children each day) including funded 2, 3 and 4 year olds. The nursery continues to offer the government 30-hour funded childcare for 3 and 4 year olds which is making a difference for the working parents accessing this support. The Nursery also supports a number of children with Special Educational Needs.
During April and May 2020, the Nursery was closed due to the coronavirus pandemic. In June 2020 the Nursery partially re-opened to the pre-school aged children in preparation for their transition to school. In September 2020 the Nursery fully opened and welcomed back children from all age groups. New children have joined the Nursery and settled in well despite the limited settling in sessions that we have been able to offer. In response to government guidelines the Nursery staff reduced the free-flow within the nursery and worked in their age-group bubbles to reduce contact between the children and is a working practice that has continued as benefits were observed during the Nursery Day.
Staff turnover remains low and we have welcomed a new apprentice nursery practitioner whilst maintaining a knowledgeable and established team to deliver a positive learning environment for the children in our care.
In August 2021 the Nursery hosted an Ofsted Inspection where the Nursery was rated as Good on all outcomes.
Impact of COVID-19 post year-end.
Since April 2021 the Nursery has remained open and operational apart from one week at the start of July 2021 when a number of staff and children tested positive for COVID-19. During this temporary closure additional cleaning took place to ensure a deep clean was performed prior to re-opening the Nursery.
In July 2021, childcare fees were increased to meet increased staff and operational costs.
The Nursery’s COVID-19 response plan remains in force:
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Individuals not directly involved in delivering care or activities for the children at Nursery continue to be requested not to enter the Nursery
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Some team members continue to work from home as necessary
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The Nursery continues to remain up to date with government guidance and remains vigilant to new COVID-19 variants
The Nursery is planning implementation of increased national minimum wage in April 2022 and is looking to change the structure to a Charitable Incorporated Organisation.
Financial review
The net income for the year was £21,982 (2020: £6,447).
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BURNHOLME COMMUNITY NURSERY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Reserves policy
The current level of free reserves is £88,165 (2020: £66,643). The charity’s reserves are retained to enable it to meet any liabilities should the nursery close. This would also provide flexibility should additional staff be taken on during the financial year. It is proposed that this policy be reviewed annually following the financial end of year.
Risk management
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity adopted its constitution on 19 September 2002 and it was amended 13 February 2003.
The executive committee (trustees) shall consist of not less than four members nor more than thirteen members. In addition the executive committee may appoint not more than two co-opted members. Each appointment to be made at a meeting of the executive committee and to take effect from the end of that meeting.
The trustees' r eport was approved by the Board of Trustees.
Karen Todman Trustee Date: 24 January 2022
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BURNHOLME COMMUNITY NURSERY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BURNHOLME COMMUNITY NURSERY
I report to the trustees on my examination of the financial statements of Burnholme Community Nursery (the charity) for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
N Clemit ACA, FCCA
JWPCreers LLP Chartered Accountants Genesis 5 Church Lane York YO10 5DQ
Dated: 27 January 2022
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BURNHOLME COMMUNITY NURSERY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| Notes | £ | £ | |
| Income | |||
| Donations and legacies | 2 | 25,918 | 44 |
| Charitable activities | 3 | 197,085 | 228,310 |
| Other trading activities | 4 | - | 328 |
| Investments | 5 | 12 | 40 |
| Other income | 6 | 168 | 102 |
| Total income | 223,183 | 228,824 | |
| Expenditure | |||
| Raising funds | 7 | - | 558 |
| Charitable activities | 8 | 201,201 | 221,819 |
| Total expenditure | 201,201 | 222,377 | |
| Net income for the year | |||
| Net movement in funds | 21,982 | 6,447 | |
| Fund balances at 1 April 2020 | 66,643 | 60,196 | |
| Fund balances at 31 March 2021 | 88,625 | 66,643 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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BURNHOLME COMMUNITY NURSERY
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021
| Notes Fixed assets Tangible assets 12 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2021 £ 93,715 (5,550) |
£ 460 88,165 88,625 88,625 88,625 |
2020 £ 70,085 (3,442) |
£ - 66,643 66,643 66,643 66,643 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 24 January 2022
Karen Todman Trustee
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
Burnholme Community Nursery is a charity registered with the Charity Commission for England and Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019)" and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are used only for restricted purposes as specified by the donors.
1.4 Income
All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable object.
Governance costs are those costs in connection with meeting the constitutional and statutory requirements of the charity.
1.6 Tangible fixed assets
Expenditure on fixed assets costing more than £500 is capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 33.33% SL
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks .
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
Basic financial assets
Basic financial asset s are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price .
Termination payments
The amounts included within termination payments are paid to the employee in line with the company redundancy policy.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | - | 44 |
| Government grant scheme | 25,918 | - |
| 25,918 | 44 |
3 Charitable activities
| Charitable | Charitable | |
|---|---|---|
| Income | Income | |
| 2021 | 2020 | |
| £ | £ | |
| Fees including childcare vouchers | 88,488 | 134,250 |
| CYC fees | 107,081 | 93,695 |
| WFRU | 286 | 365 |
| DAF funding | 1,230 | - |
| 197,085 | 228,310 | |
| Other trading activities | ||
| Total | Unrestricted | |
| funds | ||
| 2021 | 2020 | |
| £ | £ | |
| Fundraising events | - | 328 |
4 Other trading activities
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 5 6 7 |
Investments Unrestricted Unrestricted funds funds 2021 2020 £ £ Interest receivable 12 40 Other income Unrestricted Unrestricted funds funds 2021 2020 £ £ Other income 168 102 Raising funds Total Total 2021 2020 £ £ Fundraising and publicity Fundraising - 558 - 558 |
|---|---|
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
8 Charitable activities
| Staff costs Depreciation Bank charges Donation Premises costs Food and consumables Printing, stationery and postage Educational supplies Telephone Insurance Sundries IT costs Uniform Share of support costs (see note 9) Share of governance costs (see note 9) Support costs 2021 Support costs Governance costs £ £ Legal and professional fees 1,319 - Independent examiners fee - 870 Accountancy fees - PAYE Review - - Ofsted registration - 220 1,319 1,090 Analysed between Charitable activities 1,319 1,090 |
Charitable Expenditure Charitable Expenditure 2021 2020 £ £ 166,914 177,332 230 - 256 333 - 44 17,317 18,518 11,353 20,333 976 651 22 341 419 214 - 1,536 80 47 693 1,050 532 - 198,792 220,399 1,319 - 1,090 1,420 201,201 221,819 2020 2021 Support costs Governance costs 2020 £ £ £ £ 1,319 - - - 870 - 840 840 - - 360 360 220 - 220 220 2,409 - 1,420 1,420 2,409 - 1,420 1,420 |
Charitable Expenditure Charitable Expenditure 2021 2020 £ £ 166,914 177,332 230 - 256 333 - 44 17,317 18,518 11,353 20,333 976 651 22 341 419 214 - 1,536 80 47 693 1,050 532 - 198,792 220,399 1,319 - 1,090 1,420 201,201 221,819 2020 2021 Support costs Governance costs 2020 £ £ £ £ 1,319 - - - 870 - 840 840 - - 360 360 220 - 220 220 2,409 - 1,420 1,420 2,409 - 1,420 1,420 |
|---|---|---|
| 220,399 - 1,420 |
||
| 221,819 | ||
| 2020 £ - 840 360 220 |
||
| 1,420 | ||
| 1,420 |
9 Support costs
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
11 Employees
The average monthly number of employees during the year was:
| Total Employment costs Wages and salaries Social security costs Pension costs Staff costs Termination payment 12 Tangible fixed assets Cost Additions At 31 March 2021 Depreciation Depreciation charged in the year At 31 March 2021 Carrying amount At 31 March 2021 13 Creditors: amounts falling due within one year Tax and social security Accruals |
2021 2020 Number Number 11 12 2021 2020 £ £ 150,530 167,073 8,250 7,139 2,509 2,750 324 370 5,302 - 166,914 177,332 Computers £ 690 690 230 230 460 2021 2020 £ £ 1,521 2,054 4,029 1,388 5,550 3,442 |
2020 Number 12 |
|---|---|---|
| 2020 £ 167,073 7,139 2,750 370 - |
||
| 177,332 | ||
| 690 | ||
| 230 | ||
| 230 | ||
| 460 | ||
| 2020 £ 2,054 1,388 |
||
| 3,442 |
14 Events after the reporting date
The lease for the Nursery premises has been agreed after the year end for 3 years from 1 July 2021 at £11,500 pa.
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
15 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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