REGISTERED COMPANY NUMBER: 04683961 (England and Wales) REGISTERED CHARITY NUMBER: 1098746
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021 for
Fellowship House Children's Centre
BBK Accountants Limited 4a Roman Road East Ham London E6 3RX
Fellowship House Children's Centre
Contents of the Financial Statements for the Year Ended 31 March 2021
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|Chairman's|Report|||
|Report|of|the|Trustees|2|to|4|
|Independent|Examiner's|Report|5|
|Statement|of Financial|Activities|6|
|Balance|Sheet|q|
|Notes|to|the|Financial|Statements|8|to|12|
|Detailed|Statement|of Financial|Activities|13|to|14|
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Fellowship House Children's Centre
Chairman's Report
for the Year Ended 31 March 2021
The chairman presents his statement for the period,
Fellowship House Children's Centre has had wonderful year as a children's centre and organisation. The improvements carried out over the past year has helped with the finance.
It has been a very difficult year for all involved at Fellowship House Children’s Centre. The covid-19 pandemic and lockdowns had started when the financial year had just started, it meant that for large period of the year, the nursery had to be closed or on reduced capacity to ensure the safety of all staff, children, and parents during the drop off and collection times. We have been very lucky where we had continued to open the nursery during the lockdown periods to allow for some children to attend as their parents where on the front-line. We had continuously worked with the local authority to ensure safety was a number one priority at the nursery.
The nursery has moved a step closer in trying to achieve the London Living Wage for all its front-line staff. We hope to achieve our target for March 2022, For the nursery to achieve its goal. the nursery fees had to increase in September 2021 where the new committee with the nursery management worked out a method which will enable the children's fee and staff salary to be easily understood and making it much more transparent. The staff now get paid a salary which encourages them to work for Fellowship House as well as the children's fee being competitive with other nurseries in the local area. The reaction to this has been encouraging, where we have an increased interest from parents wanting their children to be part of Fellowship House.
The committee are working hard behind the scenes to improve the centre; new software's and programmes have been set up which enables parents to understand how their child spent the day at the nursery - this provides a direct contact between a member of staff and the parent. The staff and management have undertaken additional learning and skills CPD which helps improve the teaching methods and running of the nursery, the children have seen benefits from this. We are continuously working alongside external professionals to improve the nursery and achieve a higher Ofsted rating. The committee intend to carry out internal refurbishment of the nursery by the end of 2021 which will provide a new inspiration for the children.
As a collective, the committee and nursery management are working with the parents to improve the curriculum, policies, procedures, security, health and safety and other areas to ensure the children get the best education and start to life. The committee alongside the nursery management are setting targets for the next few years to ensure the finance is improved as well as making FHCCa first-choice nursery for parents, children and staff. RZ Chair Riaz Patel
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Fellowship House Children's Centre
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 trustee presents its annual report and financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in Note | to the accounts and comply with the Charity's Trust Deed, the Charity's Act 201! 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 ad Republic of freland (FRS 102) as updated through Update Bulletin | and 2.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principle objects of the Charity are to advance the education of children below age through nursery and playgroup facilities, principally in the London Borough of Newham,
Public benefit
In setting objectives and planning for activities, the Committee of Management have given due consideration to general guidance published by the Charity Commission relating to public benefit.
ACHIEVEMENT AND PERFORMANCE
Fellowship House Children's Centre has had another successful year of delivering outstanding childcare and education for under 5's. the ground floor of the building is still fully occupied by the Nursery.
The pension scheme is now fully up and running. The nursery makes a 3% contribution and staff members make a 5% contribution,
FINANCIAL REVIEW
Reserves policy
The Committee of Management has formulated a pelicy whereby in the long term general reserves held by the Charity should cover six months costs. This currently equates to approximately £300,895 (2020: £340,895) and would enable activities to continue in the short term should funding drop significantly.
At present the free reserves of £311,064 (2020: £449,542) substantially exceeds this target. However the Committee are aiming to increase staff salaries to bring in line with the new living wage as soon as possible. In calculating the free reserves the Committee has excluded the restricted reserves and the designated reserves that represents fixed assets or reserves likely to be expanded in full or in part within one year.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption ofthe going concern basis can be found in the Accounting Policies.
FUTURE PLANS
The Committee envisages the activities to continue in a similar way to those as at present for the foreseeable future.
MEMBERS' LIABILITY
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
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Fellowship House Children's Centre
Report of the Trustees for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006,
Charity constitution
The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 3 March 2003.
Recruitment and appointment of new trustees The management of the Charity is the responsibility of the Committee of Management who are elected and co-opted under the terms of the Articles of Association.
The members of the Committee of Management are appointed by the membership at the annual General meeting or co-opted between meetings. Serving members retire at the Annual General Meeting but are eligible for re-election. The liability of members in the event of insolvent liquidation is limited to £1 each. Day to day management of the charity is delegated to the Chief Executive who is responsible for the other staff.
Risk management
The committee of Management has assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks,
In particular the Committee is trying to mitigate the risk of under capacity, due to the increased competition from private day care providers and school offering children places at the ag ofthree, by developing effective marketing strategies.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04683961 (England and Wales)
Registered Charity number 1098746
Registered office 4a St Bartholomews Road Eastham Londen E6 3AG
Trustees
MR D M Da Costa Mrs M A Enthoven Mrs M Hill-Cousins Mr R | Patel Mrs S Sinclair
Company Secretary R Ahmed
Approved by order of the board of trustees on 29 December 2021 and signed on its behalf by:
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Fellowship House Children's Centre
Report of the Trustees for the Year Ended 31 March 2021 Mr R| Patel - Trustee
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Independent Examiner's Report to the Trustees of Fellowship House Children's Centre
Independent examiner's report to the trustees of Fellowship House Children's Centre (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that | am qualified to undertake the examination because | am a registered member of ACCA ( Association of Chartered Certified Accountants ) which is one of the listed bodies,
I have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
1, accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Taj Kassam ACCA( Association of Chartered Certified Accountants ) BBK Accountants Limited 4a Roman Road East Ham London E6 3RX
Date: Ab) Ld,
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Fellowship House Children's Centre
Statement of Financial Activities
for the Year Ended 31 March 2021
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|||||||
|---|---|---|---|---|---|
|413.21|31.3.20|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|521,910|625,627|
|Charitable|activities|
|Charitable|activities|58,251|-|
|Investment|income|2|5|1,265|
|Total|$80,166|626,892|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|activities|681,479|573,156|
|NET|INCOMEKEXPENDITURE)|(101,313)|53,736|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|412,369|395,806|
|TOTAL|FUNDS CARRIED|FORWARD|311,056|449,542|
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The notes form part of these financial statements
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Fellowship House Children’s Centre
| Balance Sheet | |||
|---|---|---|---|
| 31 March 2021 | |||
| 31.321 | 31.3.20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 11,039 | 14,948 |
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
af | (2,991) 308,433 |
31,239 411,878 |
| 305,442 | 443,117 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (5,425) | (8,523) |
| NETCURRENTASSETS | 300,017 | 434,594 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 311,056 | 449 542 | |
| NETASSETS | 311,056 | 449,542 | |
| FUNDS | 10 | ||
| Unrestricted funds | 311,056 | 449,542 | |
| TOTALFUNDS | 311,056 | 449,542 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 December 2021 and were signed on its behalf by:
RZD
RI Patel - Trustee
The notes form part of these financial statements
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Fellowship House Children’s Centre
Notes to the Financial Statements for the Year Ended 31 March 2021
1; ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 | January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably,
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees,
Restricted funds can only be used for particular restricted purposes within the objects of the charity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
re INVESTMENT INCOME
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Deposit | account | interest | 5 | 1,265 |
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Fellowship House Children's Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3 NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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|---|---|---|---|---|
|$1.3.21|31,3.20|
|£|£|
|Depreciation|- owned|assets|3,909|5,446|
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4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 3] March 2021 nor for the year ended 31 March 2020,
Trustees’ expenses
‘There were no trustees’ expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
§. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|---|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|625,627|
|Investment|income|1,265|
|Total|626,892|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|activities|573,156|
|NET|INCOME|53,736|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|395,806|
|TOTAL|FUNDS|CARRIED|FORWARD|449,542|
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Fellowship House Children's Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 6. | TANGIBLE FLXED ASSETS | |||
|---|---|---|---|---|
| Long | Plant and | |||
| leasehold | machinery | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At] April 2020 and 31 March 2021 | 22.793 | 62,986 | 85,779 | |
| DEPRECIATION | ||||
| At 1 April 2020 |
22,132 | 48,699 | 70,831 | |
| Charge for year | 330 | 3,579 | 3,909 | |
| At 31 March 2021 | 22,462 | 52,278 | 74,740 | |
| NET BOOK VALUE | ||||
| At 31 March 2021 | 331 | 10,708 | 11,039 | |
| At 31 March 2020 | 661 | 14,287 | 14,948 | |
| 4 | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| SES 21 | 31,3.20 | |||
| £ | £ | |||
| Trade debtors | (18,389) | 13,633 | ||
| Other debtors | 14,554 | 16,762 | ||
| Prepayments | 844 | 844 | ||
| (2,991) | 31,239 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 313.21 | 3:1;3;20 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 9) | : | 4,488 | ||
| Trade creditors | 3,265 | - | ||
| Accrued expenses | 2,160 | 4,035 | ||
| 5,425 | $,523 | |||
| 9, | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| L321 | 31.3.20 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bankoverdrafts | - | 4,488 |
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Fellowship House Children's Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31,332) | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 412,369 | (101,313) | 311,056 |
| TOTALFUNDS | 412,369 | (101,313) | 311,056 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | ne | |
| Unrestricted funds | |||
| General fund | 580,166 | (681,479) | (101,313) |
| TOTAL FUNDS | 580,166 | (681,479) | (101,313) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.19 | in funds | 31.320 | |
| £ | £ | HS | |
| Unrestricted funds | |||
| General fund | 395,806 | 53,736 | 449,542 |
| TOTAL FUNDS | 395,806 | 53,736 | 449,542 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 626,892 | (573,156) | 53,736 |
| TOTALFUNDS | 626,892 | (573,156) | 53,736 |
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Fellowship House Children's Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 202]
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 313521 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 395,806 | (47,577) | 348,229 |
| TOTALFUNDS | 395,806 | (47,577) | 348,229 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | = | £ | ||
| Unrestricted funds | ||||
| General fund | 1,207,058 | (1,254,635) | (47,577) | |
| TOTAL FUNDS | 1,207,058 | (1,254,635) | (47,577) | |
| Il. | RELATEDPARTYDISCLOSURES |
There were no related party transactions for the year ended 31 March 2021.
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Fellowship House Children's Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Detailed Statement of FinancialFinancial Activities for the Year Ended 31 March 2021 |
||
|---|---|---|
| 31:38:21 | 31.3.20 | |
| £ | 3 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts and donations income | z | 2,973 |
| Fee | 379,980 | 507,309 |
| Photographs | 2 | 100 |
| Nursery education grant | 141,930 | 115,245 |
| 521,910 | 625,627 | |
| Investment income | ||
| Deposit account interest | 5 | 1,265 |
| Charitable activities | ||
| Hinre Jrs grants | 58,251 | - |
| Total incoming resources | 580,166 | 626,892 |
| EXPENDITURE | ||
| Charitable activities | ||
| Food& Milk | 18,498 | 27,244 |
| Stafftraining | 1,903 | 2,282 |
| Wages and salaries | 503,302 | 388,453 |
| Employer N! | 31,040 | 24,531] |
| Employer pension | 10,763 | 11,004 |
| Rent | 40,382 | 46,359 |
| Equipment expensed | 9,121 | 5,305 |
| Consumables | 12,845 | 4,615 |
| Cleaning services | 7,479 | 10,468 |
| 635,333 | 520,311 | |
| Support costs | ||
| Management | ||
| Printingand stationery | 3,606 | 2,263 |
| Payroll fee | 2,332 | 3,515 |
| Advertising | - | 346 |
| Uniforms | 317 | 329 |
| Waste collection and hygiene | 3,261 | 4,076 |
| CRB/DBS checks | 48 | 547 |
| Insurance | 2,822 | 2,405 |
| Sundry | 25 | 4,473 |
| Depreciation Repairs and maintenance |
3,910 13,229 |
5,446 7,968 |
| Subscriptions Telephone and internet |
1,59] 1,993 |
2,055 1,797 |
| Auditors remuneration | §,985 | 3,360 |
| Carriedforward | 39,119 | 38,580 |
This page does not form part ofthe statutory financial statements
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Fellowship House Children's Centre
Detailed Statement of Financial Activities for the Year Ended 3] March 2021
| Detailed Statement of FinancialFinancial Activities for the Year Ended 3] March 2021 |
||
|---|---|---|
| 31324 | 31.3.20 | |
| e | £ | |
| Management | ||
| Brought forward Professional fee Pension fee |
39,119 5,954 960 |
38,580 13,105 936 |
| Bank charges | 113 | 224 |
| 46,146 | 52,845 | |
| Tota] resources expended | 681,479 | 573,156 |
| Net(expenditure)/income | (101,313) | 53,736 |
This page does not form part ofthe statutory financial statements
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