**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:
1. 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.
2. 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:
- Individuals not directly involved in delivering care or activities for the children at Nursery continue to be requested not to enter the Nursery
- Some team members continue to work from home as necessary
- 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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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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