Charity registration number 1098211
BURNHOLME COMMUNITY NURSERY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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 - 11 |
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 2022
The trustees present their annual report and financial statements for the year ended 31 March 2022.
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 during the week (up to 30 children each day) including funded 2, 3 and 4 year olds. The nursery continues to offer government funded 30-hour childcare for 3 and 4 year olds which is making a difference to working parents accessing this support. The Nursery also supports a number of children with Special Educational Needs.
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 and a few days in March 2022. 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.
In August 2021 the Nursery hosted an Ofsted Inspection where the Nursery was rated as "Good" on all outcomes.
Staff have continued to support each other and be flexible through a number of illnesses and absences to ensure a safe and positive learning environment for the children in our care. Some working practices adopted during COVID have been maintained due to the benefits observed and we have been able to introduce more free-flow activities into the nursery day.
Financial review
The net income for the year was £16,889 (2021: £21,982).
The current level of free reserves is £79,639 (2021: £88,625) after lease commitments. The charity’s reserves are maintained to enable us to meet any liabilities if the nursery closed. The reserves provide flexibility should additional staff be taken on during the financial year. It is proposed that this policy is reviewed annually following the financial end of year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that policies are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity adopted its constitution on 19 September 2002 and amended it on 13 February 2003.
The executive committee (trustees) shall consist of not less than four members and not more than thirteen members. In addition the executive committee may appoint no more than two co-opted members. Each appointment is to be made at a meeting of the executive committee and will take effect from at the end of that meeting.
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BURNHOLME COMMUNITY NURSERY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
The trustees' report was approved by the Board of Trustees.
Karen Todman Trustee
16 January 2023
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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 2022.
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: 16 January 2023
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BURNHOLME COMMUNITY NURSERY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income | |||
| Donations and legacies | 2 | - | 25,918 |
| Charitable activities | 3 | 233,646 | 197,085 |
| Investments | 4 | 4 | 12 |
| Other income | 5 | 187 | 168 |
| Total income | 233,837 | 223,183 | |
| Expenditure | |||
| Charitable activities | 6 | 216,948 | 201,201 |
| Net income for the year | |||
| Net movement in funds | 16,889 | 21,982 | |
| Fund balances at 1 April 2021 | 88,625 | 66,643 | |
| Fund balances at 31 March 2022 | 105,514 | 88,625 |
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 2022
| 2022 Notes £ Fixed assets Tangible assets 10 Current assets Cash at bank and in hand 111,180 Creditors: amounts falling due within one year 11 (5,896) Net current assets Total assets less current liabilities Income funds Unrestricted funds The financial statements were approved by the Trustees on 16 January 2023 |
£ 230 105,284 105,514 105,514 105,514 |
2021 £ 93,715 (5,550) |
£ 460 88,165 |
|---|---|---|---|
| 88,625 | |||
| 88,625 | |||
| 88,625 | |||
Karen Todman Trustee
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). 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 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% Straight line
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 the statement of financial activities.
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 2022
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets are 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 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
| Total | Unrestricted | |
|---|---|---|
| funds | ||
| 2022 | 2021 | |
| £ | £ | |
| Government grant scheme | - | 25,918 |
3 Charitable activities
| Charitable | Charitable | |
|---|---|---|
| Income | Income | |
| 2022 | 2021 | |
| £ | £ | |
| Fees including childcare vouchers | 121,396 | 88,488 |
| CYC fees | 111,676 | 107,081 |
| WFRU | 574 | 286 |
| DAF funding | - | 1,230 |
| 233,646 | 197,085 |
4 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 4 | 12 |
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 5 | Other income | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other income | 187 | 168 | |
| 6 | Charitable activities | ||
| Charitable | Charitable | ||
| Expenditure | Expenditure | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Staff costs | 171,261 | 166,914 | |
| Depreciation | 230 | 230 | |
| Bank charges | 397 | 256 | |
| Donation | 36 | - | |
| Premises costs | 19,192 | 17,317 | |
| Food and consumables | 19,278 | 11,353 | |
| Printing, stationery and postage | 1,546 | 976 | |
| Educational supplies | 29 | 22 | |
| Telephone | 617 | 419 | |
| Insurance | 1,536 | - | |
| Sundries | 886 | 80 | |
| IT costs | 352 | 693 | |
| Uniform | - | 532 | |
| 215,360 | 198,792 | ||
| Share of support costs (see note 7) | 468 | 1,319 | |
| Share of governance costs (see note 7) | 1,120 | 1,090 | |
| 216,948 | 201,201 |
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
7 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Legal and professional fees 468 - Accountancy - 900 Ofsted registration - 220 468 1,120 Analysed between Charitable activities 468 1,120 |
2022 Support costs Governance costs £ £ £ 468 1,319 - 900 - 870 220 - 220 1,588 1,319 1,090 1,588 1,319 1,090 |
2021 £ 1,319 870 220 |
| 2,409 | ||
| 2,409 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 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 |
2022 Number 12 2022 £ 158,339 9,161 2,680 1,082 - 171,261 |
2021 Number 11 |
|---|---|---|
| 2021 £ 150,530 8,250 2,509 324 5,302 |
||
| 166,914 |
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BURNHOLME COMMUNITY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
10 Tangible fixed assets
| Cost At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Depreciation charged in the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 Creditors: amounts falling due within one year Tax and social security Accruals |
Computers £ 690 690 230 230 460 230 460 2022 2021 £ £ 1,654 1,521 4,242 4,029 5,896 5,550 |
Computers £ 690 690 230 230 460 230 460 2022 2021 £ £ 1,654 1,521 4,242 4,029 5,896 5,550 |
|---|---|---|
| 690 | ||
| 230 230 |
||
| 460 | ||
| 230 | ||
| 460 | ||
| 2021 £ 1,521 4,029 |
||
| 5,550 |
11 Creditors: amounts falling due within one year
12 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2022 £ 11,500 14,375 25,875 |
2021 £ - - |
|---|---|---|
| - |
13 Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
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