| ~Pa e |
|||||
|---|---|---|---|---|---|
| The Charity, its members, boar d of trustees, staff and professional advisers |
|||||
| Trustees' Annual Report |
4-9 | ||||
| Financial accounts: |
|||||
| ~ | Independent examiner' s |
report | |||
| s | Balance sheet |
||||
| ~ | Statement of financial |
activities | (incorporating | an | |
| income and expenditure |
account) | 12 | |||
| ~ | Statement of cash flows |
13 | |||
| Notes | to the financial accounts |
14 - 26 |
| THE TRUST: |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Registered name |
Oaktr ee Family Group |
Ltd | ||||||||||||||
| Legal status | Company limited by guarantee |
|||||||||||||||
| Register ed office | Alver Valley Family |
Centre | ||||||||||||||
| 19 Falcon Meadows Way |
||||||||||||||||
| Gosport | ||||||||||||||||
| Hampshire P013 BAA |
||||||||||||||||
| Company registration |
no. | 5864277 | ||||||||||||||
| Register ed charity | no. | 1187592 | ||||||||||||||
| Telephone number |
823 9251 2963 | |||||||||||||||
| Email addr ess |
admingoaktreefamilygroup. | org | ||||||||||||||
| BOARD OF TRUSTEES |
||||||||||||||||
| Officer s | ||||||||||||||||
| Chairman: | Adrian Parker |
|||||||||||||||
| Elected member s |
||||||||||||||||
| Adrian Parker |
Lesley Blackham |
|||||||||||||||
| Ian Lycett | jane King (resigned |
18 | May | 2822) | ||||||||||||
| Glynis Hodges |
Elaine Tanner (resigned |
6 | November | 2821) | ||||||||||||
| COMPANY SECRETARY |
Nicci Atkinson | |||||||||||||||
| MANAGEMENT | ||||||||||||||||
| Head of Company | Nicci Atkinson | |||||||||||||||
| Senior Ear ly Years Manager Little Barn Owls Manager |
julia Batley julia Batley |
|||||||||||||||
| Finance and office |
manager | Lauren Evans (from |
December | 2821) | ||||||||||||
| Dinky Ducks Manager |
Lauren Evans (until |
November | 2821), Lauren | Kingswell | ||||||||||||
| and Sarah Anderson |
(from | December | 2821) | |||||||||||||
| Magpies Pre-School |
Manager | Michelle Driscoll |
(from | December | 2821) | |||||||||||
| Finance administrator |
Sarah Proctor (until |
December | 2821) | |||||||||||||
| Early Years tr aining |
and | |||||||||||||||
| development leader |
Angie Potter |
|||||||||||||||
| PROFESSIONAL ADVISERS |
||||||||||||||||
| Independent examiner: |
D Clarke ACA, Wood, Hicks R Co Ltd, Chartered Accountants, Units 1-2 Warrior Cour t, 9-11 Mumby Road, Gosport, Hampshir e, P012 1BS |
|||||||||||||||
| Bankers: | HSBC, | 26 High Street, Gosport, |
Hampshire, | P012 | 1DG | |||||||||||
| Solicitors: | Blake | Morgan LLP, Harbour |
Court, | Compass | Road, | |||||||||||
| North | Harbour, Portsmouth, |
Hampshire, | P06 | 45T |
| 31 March | 2822 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | 2822 | 2821 | ||||||||||
| E | ||||||||||||
| FIXED ASSETS | ||||||||||||
| Tangible fixed assets |
21i332 | 26,989 | ||||||||||
| CURRENT ASSETS |
||||||||||||
| Stock | 2,866 | 2,186 | ||||||||||
| Debtors | 45,327 | 55,178 | ||||||||||
| Cash at bank |
and | in | hand | 388,418 | 271,269 | |||||||
| 427i811 | 328,625 | |||||||||||
| LIABILITIES | ||||||||||||
| Creditors: Amounts one |
falling year |
due within | 62i118 | 64,381 | ||||||||
| NET | CURRENT | ASSETS | 365,693 | 264,244 | ||||||||
| TOTAL | NET | ASSETS | f387,825 | 8291,233 | ||||||||
| THE FUNDS OF |
THE | CHARITY: | ||||||||||
| ACCUMULATED | FUNDS | |||||||||||
| Unrestricted | funds | 14,15 | 2789822 | 198,761 | ||||||||
| Restr icted funds |
14,15 | 188,283 | 92,472 | |||||||||
| ACCUMULATED | FUNDS | AT | 31 | MARCH | 2822 | f387,825 | 8291,233 |
| 2822 | 2821 | |||
|---|---|---|---|---|
| E | ||||
| Net movement in funds for the year (as per Statement of financial activities) |
95,792 | 148,168 | ||
| Cash flows arising from operating activities |
||||
| Adjustments for: Depreciation Gain on sale of fixed assets |
6,959 | 8, 624 (3,628) |
||
| (Increase) in stock (Increase)/decrease in debtors Increase/(decrease) in creditors |
9,843 (2,263) |
(1,686) 3,368 3, 675 |
||
| Net cash provided by/(used in) operating activities |
118,451 | 158,583 | ||
| Cash flows from investing activities |
||||
| Purchase of- tangible fixed assets Proceeds of property, plant and equipment |
(1,382) | (1,292) 4,888 |
||
| Net cash provided by investing activities |
(1,382) | 2, 789 | ||
| Change in cash and cash equivalents during the Cash and cash equivalents at beginning of the |
year year |
189,149 271,269 |
161,212 118,857 |
|
| Cash and cash equivalents at the end of the |
year | 388,418 |
| NOTE 4 — TA | NGIBLE F |
IXED ASSETS | |||||
|---|---|---|---|---|---|---|---|
| Year ended |
31 Mar ch | 2822 | Furnitur e ~il e ui ment |
Computer ~eui ment f |
Total f |
||
| Cost | |||||||
| Balance at Additions |
1 April | 2821 | 7B,59B 715 |
343268 587 |
112i866 1,382 |
||
| Disposals | |||||||
| Balance at | 31 March | 2822 | 79,313 | 34, | 855 | 114,16B | |
| Depr eciation Balance at 1 Apr il Char ge for year |
2821 | 59,477 4,853 |
26, 2, |
488 186 |
85,877 6,959 |
||
| Disposals | |||||||
| Balance at | 31 Narch | 2822 | 64,338 | 28, | 586 | 92,836 | |
| Net book value |
|||||||
| At 31 Narch | 2822 | f14,983 | f6, | 349 | f21,332 | ||
| At 31 Nar ch | 2821 | f19,121 | f 7, | 868 | f26,989 | ||
| Year ended |
31 Narch | 2821 | Furniture ~Re ui ment |
Computer ~eui ment |
Total | ||
| f | |||||||
| Cost | |||||||
| Balance at Additions |
1 April | 2828 | 98,835 563 |
33, | 548 728 |
123,575 1,291 |
|
| Disposals | (12,888) | (12,888) | |||||
| Balance at | 31 Narch | 2821 | 78,598 | 34, | 268 | 112,B66 | |
| Depreciation Balance at Charge for Disposals |
1 April year |
2828 | 64,896 6,281 (11,628) |
23,987 2,413 |
BB,BB3 8,614 (11,628) |
||
| Balance at | 31 March | 2821 | 59,477 | 26, | 488 | 85,877 | |
| Net book value |
|||||||
| At 31 March | 2821 | f19,121 | f7, | 868 | f26,989 | ||
| At 31 March | 2828 | f25,139 | f 9, | 553 | f34,692 | ||
| NOTE 5 —DEBTORS |
|||||||
| Falling due |
within | one year | 2822f | ||||
| Childcar e fees receivable | 37,458 | 44,772 | |||||
| Prepayments Accrued income |
7i658 48 |
6,849 3,878 |
|||||
| Other debtors |
171 | 479 | |||||
| f45, | 327 | f55,178 |
| one | ye | ar | |||||
|---|---|---|---|---|---|---|---|
| 2822 f |
2821f | ||||||
| Tr ade creditor s | 18,465 | 9,471 | |||||
| Tax and social security Other creditors |
5~ 248 1,291 |
4,747 1,277 |
|||||
| Accrued Retainer |
charges received |
in | advance | 9,545 16,883 |
9,896 13,284 |
||
| Defer red | income | 31 | |||||
| Childcare | fees received | in | advance | 19,455 | 25,786 | ||
| f62,118 | f64,381 |
| NOTE 7 — INCOME FROM |
CHARITABLE | CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|---|
| 2822 | ||||||
| Year ended 31 March |
2822 | Unrest- ricted |
Rest- ricted f |
Total f |
||
| Grants receivable |
||||||
| M~onet at Early Years Education grant Early Year s Pupil Pr emium funding Children in care funding Cor onavir us funding Meal grants COMF gr ant County Project Fund 22 Milk contributions |
411,458 7,586 15,567 3,377 8,468 418 288 36 |
411,458 7,586 153567 3,377 8,468 418 288 518 |
||||
| 482 | 447,814 | 447,496 | ||||
| Fees and other income |
||||||
| User fees |
292,733 | 11@385 | 384@118 | |||
| Occupancy income Photography |
3,828 232 |
628 | 33828 868 |
|||
| 296,793 | 12,813 | 388,886 | ||||
| f297,275 | f459,827 | f756,382 |
| Year ended 31 Narch |
2821 | Unrest- ricted f |
Rest- ricted f |
Total f |
||
|---|---|---|---|---|---|---|
| Grants receivable |
||||||
| M~onetar Early Years Education grant Early Years Pupil Premium funding Children in care funding Coronavirus funding College grants Meal grants Milk contributions |
328 | 446,374 5&556 12,887 198,565 3,987 |
446,374 5, 556 12,887 288,565 588 3,987 328 |
|||
| 18,828 | 6589569 | 669,397 | ||||
| Eees and other income |
||||||
| User fees Occupancy income Training income |
186'515 185 (35) |
8,443 | 194,958 185 (35) |
|||
| 186,665 | 8,443 | 195,188 | ||||
| f197,493 | f667,812 | f864,585 | ||||
| NOTE 8 — OTHER INCOME |
2822 | |||||
| Year ended 31 Narch |
2822 | Unr est- ricted |
Rest- ricted f |
Total f |
||
| Other income Gain on disposal of Sale of equipment |
tangible | fixed assets | 932 | rictedd | 932 | |
| f 932 |
f | f932 | ||||
| Year ended 31 March |
2821 | Unr est- ricted |
Rest- f |
Total f |
||
| Other income Gain on disposal of |
tangible | fixed assets | 3,668 |
| NOTE 9 — EXPENDITURE ON |
CHARITABLE | CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|---|
| 2822 | ||||||
| Year ended 31 March 2822 |
Unrest- | Rest- | ||||
| ricted | ricted f |
Total f |
||||
| Pa roll and related costs |
||||||
| Wages, salaries and pension |
178,366 | 353,882 | 523,448 | |||
| Training | (777) | 5,539 | 4,762 | |||
| Other employment costs |
13852 | 33672 | 43724 | |||
| Other direct costs |
||||||
| Winter meal voucher s |
9,689 | 9,689 | ||||
| Consumable materials |
23572 | 8,822 | 18,594 | |||
| Catering —food and other consumables |
8,876 | 1,251 | 18,127 | |||
| Premises cleaning and mater ials |
1,139 | 23886 | 4,825 | |||
| Water and sewerage |
395 | 1,238 | 13625 | |||
| Nappy and waste disposal costs Light and heat Building repairs and maintenance |
13322 33538 5,476 |
2,913 7,589 18,114 |
4,235 11,127 15,598 |
|||
| Repairs and renewals of |
equipment | 355 | 79 | 434 | ||
| Depreciation of operating equipment Room hire and storage costs |
43985 1,691 |
1,974 8,699 |
63959 18,398 |
|||
| Other direct costs |
21 | 188 | 289 | |||
| Mana ement and administrative |
costs | |||||
| Telephone and postage |
2,815 | 4,816 | 63831 | |||
| Pr inting and stationery General insurance |
778 1,683 |
2,418 3,874 |
3,188 4,677 |
|||
| Memberships and subscr iptions |
371 | 1,171 | 1,542 | |||
| Advertising and promotion Computer consumables and Bad debts |
IT support | 129 1,854 8,387 |
717 2,725 4,986 |
846 3,779 13,293 |
||
| Miscellaneous expenses |
41 | 64 | 185 | |||
| Pr ofessional and finance |
costs | |||||
| Accountancy fees |
1,924 | 4,787 | 6,631 | |||
| Bank charges | 86 | 241 | 327 | |||
| Professional and legal costs |
626 | 344 | 978 | |||
| Independent examiner's fee |
522 | 1,278 | 1,888 | |||
| Interest payable |
27 | 27 | ||||
| f2183566 | f4433388 | f6613874 |
| NOTE 9 — EXPENDITURE ON CHARITABLE ACTIVITIE |
S (continued) | ||
|---|---|---|---|
| 2821 | |||
| Year ended 31 March 2821 |
Unrest- ricted |
Rest- ricted |
Total |
| E | E | ||
| Pa roll and related costs Wages, salaries and pension Training Other employment costs |
188,486 699 (585) |
486,544 1,587 767 |
594,958 2,286 182 |
| Other direct costs Winter meal voucher s Consumable materials Catering —food and other consumables Premises cleaning and materials Water and sewerage Nappy and waste disposal costs Light and heat Building repair s and maintenance Buildings insur ance Repairs and renewals of equipment Depreciation of operating equipment Room hir e and storage costs Other direct costs |
1,587 5,992 165 522 299 2,881 1,255 228 651 6,526 1,546 (338) |
2,58B 3, 576 557 5,742 1,846 3,535 B,347 28,837 488 941 2,888 9,368 (211) |
2,588 5,883 6,549 5, 987 1,568 3,834 18,348 22,892 628 1,592 8, 614 18,914 (541) |
| Mana ement and administrative costs Telephone and postage Printing and stationer y General insurance Memberships and subscr iptions Advertising and pr omotion Computer consumables and IT support Bad debts Miscellaneous expenses |
3,616 695 1,682 5B5 124 1,464 4,291 4 |
B, 548 29712 3,898 1,413 766 3,628 2,163 18 |
12,164 3,487 4,692 1,998 898 5, 884 6,454 14 |
| Professional and finance costs Accountancy fees Bank charges Professional and legal costs Independent examiner 's fee |
1,913 165 733 522 |
4,645 185 167 1,278 |
6,558 358 988 1,B88 |
| E144,588 | E576,237 | E728,825 |
| to cover the |
to cover the |
sho | rtfall of |
y , y the fund. |
ay | ||
|---|---|---|---|---|---|---|---|
| NOTE | 11 —PAYROLL | AND | STAFFING | ||||
| 2822f | 2822f | ||||||
| Staff | costs | ||||||
| Gross wages Employer's |
and salaries national insurance |
(net of employer 's allowance) | 499,565 173575 |
567,482 28,573 |
|||
| Pension contr ibutions |
6,388 | 6,895 | |||||
| f523,448 | f594,958 |
| NOTE | 14 — MOVEMENT ON FUN |
DS IN THE YE |
AR | |||
|---|---|---|---|---|---|---|
| Balances | Direct | Tr ansfer s | Balances | |||
| Year | ended 31 March 2822 |
brought for ward |
Incoming resources |
outgoing resources |
between funds |
carried forward |
| Unrestricted | ||||||
| General fund |
14,161 | 1,318 | (5,431) | (4,944) | 5,896 | |
| Designated funds: |
||||||
| — — |
Building management Occupancy |
43,626 | 3,828 | (2,476) (8,884) |
58,858 6,888 |
188,888 1,824 |
| — - |
Family support Staff rationalisation |
211 71,771 |
6,299 | 211 78,878 |
||
| — | Outaskool adventures Little Bar n Qwls |
214 | 2,351 58,795 |
(1,758) (24,388) |
(21,985) | 681 4,724 |
| — | Day care | 68,778 | 248,343 | (175,885) | (44,228) | 89,896 |
| 198i761 | 298,627 | (218i566) | 278,822 | |||
| Restricted | ||||||
| - | Magpies Pre-school |
29,447 | 132,392 | (115,734) | 46,185 | |
| Ear ly year education Little Bar n Owls |
45,898 | 165,417 | (178,829) | 48,4S6 | ||
| Early Year Education |
||||||
| Funding | 16,448 | 141,277 | (138,352) | 19,373 | ||
| Ear ly Year Pupil | ||||||
| Premium funding— |
||||||
| Dinky Ducks |
2,236 | (1,687) | ||||
| Early Year Pupil |
||||||
| Premium funding— |
||||||
| Little Barn Owls |
1,543 | (1,284) | 339 | |||
| - | Early Year Pupil |
|||||
| Pr emium +unding- |
||||||
| - | Magpies Meal grants |
1,479 | 3,727 8,468 |
(3,292) (9,689) |
435 338 |
|
| - | County project fund |
288 | (24) | 176 | ||
| - | Contain Outbreak |
|||||
| Management fund |
418 | |||||
| - | CARS and SSP |
3,377 | (3,377) | |||
| 92,472 | 459,839 | (443,388) | 188,283 | |||
| E291,233 | f757,666 | E(661,874) | E | E387,825 |
| NOTE 14 — MOVEMENT ON FUN |
DS IN THE YE |
AR (continued | ) | ||
|---|---|---|---|---|---|
| Year ended 31 Mar ch 2821 |
Balances brought forward |
Incoming resources |
Dir ect outgoing resources |
Transfers between funds |
Balances carr ied for ward |
| Unrestricted | |||||
| General fund Designated funds: |
14,575 | 18,428 | (11,884) | 14,161 | |
| — Building management - Occupancy Family suppor t — Staff rationalisation — Outaskool adventures Little Barn Owls — Day care - Creche |
47,129 749 211 88,881 (19,474) 17 23,158 (Si798) |
185 33,498 157,862 |
(3,583) (2,233) (49541) (24,289) (98,848) (98) |
1,299 (9,838) 24,815 (9,812) (13,394) 5,888 |
43,626 211 71,771 214 68,778 |
| 141,376 | 281,973 | (144,588) | 198,761 | ||
| Restricted | |||||
| — Magpies Pre-school - Ear ly year education - Little Bar n Owls |
343 647 |
142,545 198,848 |
(113,441) (145,589) |
29,447 45,898 |
|
| Early Year Education |
|||||
| Funding - Meal grants - CjRS and SSP - COVID-19 fund |
139,875 3,987 176,677 13,888 |
(124,134) (2,588) (176,677) (13 p 888) |
16,448 1,479 |
||
| 1,697 | 667,812 | (576,237) | 92,472 | ||
| E143,873 | E868,985 | E(728,825) | E291,233 |
| Year ended 31 March 2822 |
Year ended 31 March 2822 |
Fixed | Net current | Net | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | assetsf | assets | assetsf | |||||
| General fund Designated funds: |
1,148 | 3i956 | 5,896 | |||||
| Building management Occupancy Family support Staff rationalisation Outaskool adventures Little Barn Owls Day Car e |
7,432 196 816 5,455 |
92,568 828 211 78,878 681 3,988 83,648 |
188,888 1,824 211 7S,878 681 4,724 89,896 |
|||||
| 15,839 | 263i783 | 278i822 | ||||||
| Restricted | ||||||||
| Magpies Pre-School Early year education Little Barn Owls Early Year Education Funding Early Year Pupil Premium funding — Dinky Ducks Early Year Pupil Premium funding —Little Barn Early Year Pupil Premium funding —Magpies Meal grants County project fund Contain Outbreak Nanagement fund CjRS and SSP |
Owls | 1,678 3,881 1&614 |
44,427 379485 17,759 549 339 435 338 176 418 |
46,185 48,486 19i759 549 339 435 338 176 418 |
||||
| 6,293 | 181,918 | 188,283 | ||||||
| ACCUMULATED FUNDS AT 31 |
MARCH 2822 |
f | 21,333 | f365,693 | f387,825 |
| MOTE 15 — ANALYSIS OF NE |
MOTE 15 — ANALYSIS OF NE |
T ASSE | T ASSE | TS BETW |
EEN FUNDS |
(cont | inued) | ||
|---|---|---|---|---|---|---|---|---|---|
| Year ended 31 Narch |
2821 | Fixed assetsf |
Net current assets f |
Net assets f |
|||||
| Unrestr icted | |||||||||
| General fund |
1,518 | 12,643 | 14&161 | ||||||
| Designated funds: Building management Occupancy Family support Staff rationalisation |
9&987 261 |
33&719 (261) 211 71&771 |
43,626 211 71,771 |
||||||
| Outaskool adventures |
|||||||||
| Little Barn Owls |
964 | (758) | 214 | ||||||
| Day Car e |
7,157 | 61&621 | 68,778 | ||||||
| Cr eche | |||||||||
| 19,887 | 178,954 | 198,761 | |||||||
| Restricted | |||||||||
| Nagpies Pr e-School Ear ly year education Little Barn Owls Early Meal grant |
Year | Education | Funding | 2,238 3,749 1,195 |
27,289 41&349 15,253 1,479 |
29,447 45,898 16,448 1,479 |
|||
| CjRS and SSP |
|||||||||
| COVID-19 fund | |||||||||
| 7,182 | 85,298 | 92,472 | |||||||
| ACCUMULATED FUNDS AT 31 |
MARCH | 2821 | f | 26&989 | f264&244 | f291&233 |