| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 |
| Report ofthe Independent Auditors |
8 | to | 11 |
| Statement ofFinancial Activities | 12 | ||
| Statement ofFinancial Position | 13 | ||
| Statement ofCash Plows | 14 | ||
| Notes tothe Statement ofCash Plows | 15 | ||
| Notes to the Ptnaacial Statements | 16 | to | 25 |
| 9etailed Statement ofFinandal Activities | 26 | to | 27 |
| 31/3/23 | 31/3/22 | ||||||
|---|---|---|---|---|---|---|---|
| Umestricted | Restricted | Total | Total | ||||
| ihnds | fund | funds | funds | ||||
| Notes | 6 | 8 | 8 | ||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations snd legacies | 2,673 | 37,804 | 40,477 | 14,4$3 | |||
| Charitable activities |
|||||||
| Umestricted Fund |
10rt90 | 10,990 | 31,176 | ||||
| Other tmding activities |
136,122 | 282,694 | 418,816 | 350,490 | |||
| Investment income |
882 | 882 | 23 | ||||
| Other income | 145,000 | 145,000 | ~206905 | ||||
| Total | 295,667 | 320,498 | 616,165 | ~603077 | |||
| EXPENDITURE Ohl | |||||||
| Raising Smds | 7 | 3,279 | 3,279 | ||||
| Charitable activities | |||||||
| Resnicted Fund | (1,634) | (1,634) | |||||
| Unrestricted Fund |
1,604 | 1,604 | |||||
| Project Salary Wages | 5,525 | 5,525 | 8,174 | ||||
| Nursery Salary Wages | 310~4 | 310,344 | 255,133 | ||||
| Pmject Expenses | 9,086 | 23,191 | 32377 | $69 | |||
| Nursery Expenses | 29 | 22,780 | 22,809 | 17,546 | |||
| Administration StaffSalary |
174,883 | 174,883 | 167408 | ||||
| Building Maintcramce | /h Runuing | Cost | 42,421 | ||||
| Centm Overhead Expenditure |
93,829 | 93,829 | 11,591 | ||||
| Fimmce Charges | 6,682 | ||||||
| Total | ~282 710 | ~360206 | ~642916 | 509,924 | |||
| NET INCOME/(EXPENDITURE) | 12,957 | (39,708) | (26,751) | 93,153 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds bmught forward |
90,079 | 672,464 | 762,543 | 669,390 | |||
| TOTAL FUNDS CARRIED FORWARD | 103,036 | ~632756 | 735792 | 762 543 |
| 31/3/23 | 31/3/22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | 6 | ||||
| FIXEDASSETS | |||||
| Tangible assets | 15 | 93,954 | 469,399 | 563,353 | 535,487 |
| CURRENT ASSETS | |||||
| Debtors | 16 | 8,179 | 8,179 | 3,517 | |
| Cash at bank and in hand | 25,625 | 205,520 | 231,145 | 281,892 | |
| 25,625 | 213,699 | 239,324 | 285,409 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
17 | (16,544) | (50,341) | (66,885) | (58,353) |
| NET CURRENT ASSETS | 9,081 | 163,358 | 172,439 | 227,056 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 103,035 | 632,757 | 735,792 | 762,543 | |
| NETASSETS | ~103035 | ~632 757 | 735,792 | 762543 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
103,035 | 90,079 | |||
| Restricted funds | 632,757 | ~672464 | |||
| TOTAL FUNDS | 735,792 | 762,543 |
| 31/3/23 | 31/3/22 | ||||
|---|---|---|---|---|---|
| Notes | 6 | ||||
| Cash tlows from operating activities Cashg~ 8xuu operatiam |
1 | 9,476 | 109,756 | ||
| Net ossb provided by operating activities |
9,476 | 109,756 | |||
| Cash flows from investing | activities | ||||
| Pumbase oftangible fixed assets | 60,223 | ~60,296) | |||
| Net ossb used in investing activities | ~60,223) | (60296 | |||
| Change in cash and cssb | equivalents | in | |||
| the reportiug period | (50,747) | 49,460 | |||
| Cash and cash eitutvalents | at tbe | ||||
| beginning ofthe reporting | period | l 281892 |
232,432 | ||
| Cash and cash equivalents | atthe end | of | |||
| the reporbag period | 231,145 | 281,892 |
| 31/3/23 | 31/3/22 | ||
|---|---|---|---|
| E | |||
| Net (expenditure)/income | for the reporting period (asper the | ||
| Statemeut ofFinancial | Activities) | (26,751) | 93,153 |
| Adjustments for: |
|||
| Depreciation charges |
32,357 | 20,312 | |
| Increase in debtors Increase/(decreme) in creditors |
(4,662) 8,532 |
(1,092) ~2617 |
|
| Net cash provided by operations | 9,426 | ~109756 | |
| ANALYSIS OFCHANGES IN NET FUNDS |
| At 1/4/22 | Cash flow | At 31/3/23 | |
|---|---|---|---|
| f. | E | ||
| Net cash | |||
| Cash atbsok and in hemi | 281,892 | ~50747) | ~231 145 |
| 281 892 | ~50747) | 231,145 | |
| Total | 281,892 | ~50 747) | 231,145 |
| OTHE | R TRAIIIN | G ACTIVITIES | ||
|---|---|---|---|---|
| 31/03/23 | 31/03/22 | |||
| Nursery | Income | 427,694 | 399,792 | |
| Centre | Uurestrhned | Income | 136,122 | 95,698 |
| Less:Nursery nmt | slid sduult | ~145000 | ~145000 | |
| ~418 16 |
350490 |
| 31/3/23 I |
31/3/23 I |
31/3/22 | ||
|---|---|---|---|---|
| Interest Receivable | 882 | 23 | ||
| INCOME FROM CHARITABLE ACTIVITIES | ||||
| 31/3/23 | 31/3/22 | |||
| Activity | I | |||
| Unrestricted | Fund | 10 | t/90 | 31,176 |
| Grants received, included in tbe above, are | as follows; | |||
| 31/3/23 | 31/3/22 | |||
| I | ||||
| SCAT Grant | ~10 | 990 | ~31 176 |
| OTHER INCOME | ||
|---|---|---|
| 31/03/23 | 31/03/22 | |
| Nursery rentai and admin | 145,000 | 145,000 |
| Job Retention Scheme grant | 61,906 | |
| Covid Support grant | ||
| ~26905 | 319775 |
| 31/3/23 | 31/3/22 | |||
|---|---|---|---|---|
| f, | f | |||
| Support costs | 3479 | |||
| 8. | CHARITAEI EACTIVITIES COSTS | |||
| Support | ||||
| Dhect | costa (see | |||
| Costs | note 9) | Totals | ||
| 8 | 8 | |||
| Restricted Fund | (1,634) | (1,634) | ||
| Umestricted Fund |
1,604 | 1,604 | ||
| Project Salary Wages | 5,525 | 5,525 | ||
| Nursery Salary Wages | 310,344 | 310,344 | ||
| Project Expenses | 32277 | 32277 | ||
| Nursery Expenses | 1,912 | 20,897 | 22,809 | |
| Administration SedfSalary |
174,883 | 174,883 | ||
| Centre Overhead Expenditure | ~93 829 | 93,829 | ||
| 317,781 | 321,856 | 639,637 |
| Governance | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Management | Finance | Other | costs | Totals | ||||||||
| f. | 8 | 6 | ||||||||||
| Raising donations | snd | |||||||||||
| legaoies | 32,357 | (31)058) | 1$80 | 3,279 | ||||||||
| Resuioted Fund |
(1,634) | (1,634) | ||||||||||
| Unrestricted Fund |
180 | 1,604 | (180) | 1,604 | ||||||||
| Project Expenses | 8,926 | 23@51 | 32277 | |||||||||
| Nursery Expenses | 20,897 | 20,897 | ||||||||||
| Adminisbation Staif Salary |
174,883 | 174,883 | ||||||||||
| Centre Overhead | ||||||||||||
| Expenditure | 17 t |
627 | 261 | ~75 761 | 180 | 93,829 | ||||||
| ~26 | 733 | ~32 | 618 | 263,804 | ~1980 | ~325 135 | ||||||
| 10. | NET INCOME/(EXPENDITURE) | |||||||||||
| Net inoome/(expenditure) | is | stated | sdtcr | charging/(crediting): | ||||||||
| 31/3/23 | 31/3/22 | |||||||||||
| f | ||||||||||||
| Depreciation- owned assets |
32357 | 20,312 | ||||||||||
| 11. | A.UDITORS' REMUNERATION | |||||||||||
| 31/3/23 | 31/3/22 | |||||||||||
| f | ||||||||||||
| Fees payable to the oharity's | auditors | and their | associates for the audit ofthe | |||||||||
| charity's fmanctal |
statements | 1,980 | 1 800 |
| 31/3/23 | 31/3/22 | ||
|---|---|---|---|
| 6 | |||
| Wages Social Other |
and salaries security costs pension costs |
453,795 26,245 10,628 |
386,955 16,930 9,329 |
| 490,668 | ~413 214 |
| 31/3/23 | 31/3/22 | |
|---|---|---|
| Project Workers Nursery Staff Centre Staff |
1 21 4 |
1 20 4 |
| Caretaker | 2 | 2 |
| =27 |
| No employees received emoluments in excess of860,000. |
No employees received emoluments in excess of860,000. |
||
|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | |
| funds | fund | funds | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
5,441 | 9,042 | 14,483 |
| Charitable activities |
|||
| Unrestricted Fund |
31,176 | 31,176 | |
| Other trading activities | 95,698 | 254,792 | 350,490 |
| Investment income |
23 | 23 | |
| Other income | 145,000 | 61,905 | 206,905 |
| Total | 277,338 | 325,739 | 603,077 |
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Project Salary Wages | 8,174 | 8,174 | |
| Nursery Salary Wages |
255,133 | 255,133 | |
| Project Expenses | 869 | 869 | |
| Nursery Expenses | 17,546 | 17,546 | |
| Administration StaffSalary |
167,508 | 167408 | |
| Building Maintenance k.Running Cost | 42,421 | 42,421 | |
| Centre Overhead Expenditure |
11,591 | 11,591 | |
| Finance Charges | 6,682 | 6,682 |
| 14. | COMPARATIVES | F | ORTHE STATEME | NT OFHNANC | IAL ACTIVITIES | - continued | |
|---|---|---|---|---|---|---|---|
| Umcstricted | Resuicted | Total | |||||
| funds | hand | funds | |||||
| 6 | |||||||
| Total | ~228 202 | 281,'722 | 509,924 | ||||
| NET INCOME | 49,136 | 44,017 | 93,153 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total fimds brought | foreword | 40,943 | 628,447 | 669,390 | |||
| TOTAL FUNDS CARRIED FORWARD | 90,079 | 672,464 | ~762 543 | ||||
| 15. | TANGIBLE FIXEDASSETS | ||||||
| Fixtures | |||||||
| Freehold | and | Computer | |||||
| property 6 |
fittings 6 |
equipment I |
Toiab | ||||
| COST | |||||||
| Atl Apri12022 | 469,399 | 93,454 | 562,853 | ||||
| Additions | ~54883 | 5,340 | 60,223 | ||||
| At 31March 2023 | 469,399 | 148,337 | ~623 076 | ||||
| DEPRECIATION | |||||||
| At 1April 2022 | 27,366 | 27,366 | |||||
| Charge for year | 31,289 | 1068 | 32,357 | ||||
| At 31Mamb 2023 | 58,655 | 1,068 | ~59 723 | ||||
| NETBOOKVALUE | |||||||
| At31March 2023 | 469,399 | ~89 682 | 4,272 | ~563 353 | |||
| At 31March 2022 | 469,399 | ~66 088 | 535,487 | ||||
| 16. | DEBTORS:AMOUNTS FALLING DUE | WITKIN ONE | YEAR | ||||
| 31/3/23 | 31/3/22 | ||||||
| I | |||||||
| Trade debtors | 8,179 | 1,534 | |||||
| P repayments | 1,983 | ||||||
| 8,179 | 3,517 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|
| 31/3/23 | 31/3/22 | ||
| f, | |||
| Social security and other taxes | 7,423 | 6,409 | |
| Reftmdabie deposit | 45,076 | 42,855 | |
| Other Creditors | 12,406 | 7489 | |
| Accrued expenses | ],980 | 1,800 | |
| ~66 885 | 58,353 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/4/22 | in funds | 31/3/23 | |
| 8 | |||
| Unrestricted funds |
|||
| Unrestricted Fund |
90,079 | 12,956 | 103,035 |
| Restricted funds | |||
| Restricted Pund | 672,464 | (39,707) | 632,'/57 |
| TOTAL FUNDS | 762543 | ~26,751) | ~735 792 |
| Net movemeut in funds, included in the above are as follows: |
|||
| incoming | Resources | Movement | |
| resources | expended I |
in funds f, |
|
| Uurestricted funds |
|||
| Unrestricted Fund |
295,667 | (282,711) | 12,956 |
| Restricted funds | |||
| Restricted Fund | 320,498 | (360405) | (39,707) |
| TOTAL FUNDS | 616,165 | ~642916} | ~26751) |
| Net | ||||
|---|---|---|---|---|
| At | movement | At | ||
| 30/3/21 | i»funds | 31/3/22 | ||
| g | f. | |||
| Unrestricted | funds | |||
| Unrestricted | Fund | 40,943 | 49,136 | 90,079 |
| Restricted funds | ||||
| Restricted Fund | 628)447 | 44,017 | 672,464 | |
| TOTAL FUNDS | 1 669390 |
93,153 | 762443 | |
| Comparative | net movement | in funds, included in the above are as follows: | ||
| Resources | Movement | |||
| expended | in funds | |||
| Unrestricted | funds | |||
| Unrestriored | Fund | 277&338 | (228,202) | 49,136 |
| Restricted funds | ||||
| Rsutricted Fund | 325,739 | (281,722) | 44,017 | |
| TOTAL FUNDS | ~603 077 | 509,924 | 93,153 |
| 31/3/23 | 31/3/22 | ||
|---|---|---|---|
| 8 | f | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Project Restricted Income Donation |
37,804 2,673 |
9,042 ~5441 |
|
| 40,477 | 14,483 | ||
| Other trading activities |
|||
| Nursery Income | 282,694 | 254,792 | |
| Centre t/nrestricted | Income | ~136 122 | ~95698 |
| 418,816 | 350,490 | ||
| Investment income |
|||
| Interest Receivable | 882 | 23 | |
| Charitable activities |
|||
| Grants | I0,990 | 31,1'16 | |
| Other income | |||
| Nursery rental and | admin | 145,000 | 145,000 |
| Job Retention Scheme grant | ~61905 | ||
| ~145000 | 206,905 | ||
| Total incoming resources | 616,165 | 603,077 | |
| Charitable activities |
|||
| Wages | 296,430 | 251,660 | |
| Social security | 12,835 | 4,258 | |
| Pensions | 6,604 | 5,499 | |
| Tralnllig | ~1912 | 1,388 | |
| 317,781 | 262,805 | ||
| Support costs | |||
| Management | |||
| Freelance Cost | 25,307 | 16,100 | |
| Advernsing | 403 | 507 | |
| Legal rtt professional | 1,023 | 750 | |
| 26,733 | 17,357 |
| 31/3/23 | 31/3/22 | |
|---|---|---|
| E | E | |
| Management | ||
| Finance | ||
| Bank Ghsrgrn | 261 | 50 |
| Fixtures snd ettings | 31,289 | 20,312 |
| Computer equipment | 1,068 | |
| 32,618 | 20362 | |
| Other | ||
| Wages | 15'7,365 | 135495 |
| Social security | 13,410 | 12,672 |
| Punsirun | 4,024 | 3,830 |
| Insurance | 3,175 | 2,754 |
| Light and heat | 12,128 | 11,150 |
| Telephone eud Insurance | 5,715 | 5,803 |
| Postage and stationery | 1,897 | 996 |
| Buildiug Repair &,Maintenance | 7,831 | 7,547 |
| Cleaning aad Cateriug | 10,793 | 7,184 |
| Travel &Transport | 234 | 385 |
| Subscriptious | 1,003 | 705 |
| Publicity sud Promotious |
4,722 | 2,831 |
| Insurance Rett~ |
1,041 3,468 |
1,453 833 |
| Volunteer Expenses | 591 | 195 |
| Tmmmg | 84 | 113 |
| Material /k Equipment |
13,435 | 4,481 |
| Workshops | 2,373 | 750 |
| A ministration Expenses |
13@87 | 2,720 |
| Food and Meals | 6,928 | 5,903 |
| 263,804 | 207,600 | |
| Governance costs |
||
| Auditors' remuneration |
1,980 | 1,800 |
| Total resources expended | ~642916 | 509924 |
| Net (expenditure)/income | ~26 751) | 93,153 |