2022-07-31-accounts - The Childcare And Community Centres, Ashton And District

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Company Number: 05262454 Charity Number: 1107779

The Childcare And Community Centres, Ashton And District

Report and financial statements For the year ended 31 July 2022

The Childcare And Community Centres, Ashton And District

Reference and administrative information

for the year ended 31 July 2022

Company number 05262454

Charity number 1107779 Registered office and operational address

Childcare And Community Centre, Hilton Street Ashton-In-Makerfield, Wigan, WN4 8PD

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Robert Bradley

Winifred Burns

Anne Clarke

William Tollet

Geoffrey Urwin

The Directors who held title to property belonging to the wholly owed trading subsidiary of the Charity during the reporting period and at the date of approval were:

Susan Benson, Director of Carr Manor Nursery (Walton-Le-Dale) Limited

Winnifred Burns, Director of Carr Manor Nursery (Walton-Le-Dale) Limited

Key management Sue Benson Chief Executive personnel Nicola Ambler Nursery Manager, Hilton Street Childcare Katie Wilkinson Carr Manor Nursery (Walton-Le-Dale) Limited Lisa Fisher Management Accountant Sue Marsh Financial Administrator

Bankers The Co-operative Bank Plc PO Box 250, Skelmersdale WN8 6WT

Solicitors Alker, Ball, Healds Solicitors Sovereign Business Park, A1 Sovereign Business Park Kingscroft Court, Wigan, WN1 3AP Independent Christy Lau FCCA CTA DChA, Slade & Cooper Limited examiner Beehive Mill, Jersey Street, Ancoats Manchester, M4 6JG

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

The trustees present their report and the unaudited financial statements for the year ended 31 July 2022. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Our Mission Statement

The Childcare and Community Centres aims to meet the social, physical, spiritual and educational needs, of groups and individuals in their community, through developing and offering, quality, based initiatives, activities and programmes, in order that people can truly belong, contribute and thrive.

Objects of the organisation

To further or benefit the residents of Ashton in Makerfield and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.
To enhance the development and education for children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children by offering appropriate play, education, care facilities and development courses, together with promoting parents to become involved in community groups, ensuring that such groups offer opportunities for all children, whatever their race, culture, religion, means or ability. Encouraging the study of the needs of such children and their families while promoting the public interest in and recognition of such needs.
To offer sessions to community groups with activities for people at our community to learn, get fit, have fun and socialise with other people.
Offer rooms for hire to businesses and individuals for a variety of community events.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

The Organisation

The Childcare and Community Centres, Ashton and District is a voluntary organisation, a company limited by guarantee registered in England & Wales and, a registered charity. The organisation disaffiliated from YMCA England in March 2019 to become the registered charity The Childcare and Community Centres, Ashton and District.

There has been a YMCA in Ashton in Makerfield since 1905 and in 1993 the organisation moved into their Hilton Street premises. The principal activity is a 113 place childcare setting, including; Breakfast, After School and Holiday Clubs, room hire facilities, including a large multi-purpose hall, computer suite and meeting rooms.

The Bolton Road premises were sold and completed on the 1st April 2021 for £160,000 and a £25,000 IT service credit.

On the 10th February 2020 Carr Manor Nursery (Walton-Le-Dale) Limited was purchased. This is an 86 place children's nursery and holiday club, with the aim to offer community activities once allowed.

There are two properties which are rented out at affordable rents to families in the local community.

The Childcare and Community Centres Board of Trustees meet bi-monthly and sub-committees are convened for HR, marketing, fundraising and finance as and when required.

Achievements and performance

Key Objectives and Activities

Ensure the nurseries operate to the highest standards and be a leader in new innovations and continue to improve occupancy.
Expand room hire opportunities.
Develop provision in the interest of social welfare and improving life conditions
Obtain funding which is responsive to customer requests and needs.

Activities and Results

The year has been very challenging, again we have seen the backlash of COVID with fewer families accessing provision especially 3/4 years olds which are funded by the Government, although babies entering provision have been constant.

Many Childcare provisions have closed due to operating difficulties: increase in national living wages, inflation, energy costs, staffing and Government funding not keeping in line.

Early years education has a curriculum and pedagogy and employment in early years is a very specialised and responsible position, there is a lack of suitably qualified staff available, salaries are NLW.

There have been no nursery closures in the catchment area of Ashton, in fact the opposite, two nurseries have opened. One Primary school has closed due to lack of children, and we have seen an increase in out of school occupancy as a result.

There is a reduced birth rate in the area and fierce competition for all areas of business.

The organisation has tried to ensure that parents receive value for money and to keep prices as low as possible, keeping to our charitable ethos of supporting people so the deficit for the year has been

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

expected. The organisation must now be reactive against losses. This is being addressed with fee increases especially with increased NLW and cost of living.

Achievements

Ensure the nurseries operate to the highest standards and be a leader in new innovations and continue to improve occupancy.

Ofsted Inspections in 2022 for Hilton Street and subsidiary Carr Manor Nursery, both gaining Good

Managers and staff constantly updating CPD

Hilton Street, child wellbeing sessions “Things that make you go Um” and parent/child book reading sessions.

Both nurseries are still feeling the effects of COVID and occupancy is very slowly increasing.

Target is 80% occupancy, both nurseries are working at 45-50%

Expand room hire opportunities.

Offering free room hire for 4 weeks to attract new groups plus assist them to build up their client base. Open day financed via Brighter Borough funds 28[th] September 2021, a great day but did not generate any room hire.

Room hire to early years professionals has increased which increases foot flow of parents and should increase occupancy in nursery.

Develop provision in the interest of social welfare and improving life conditions

Delivered HAF Holiday Club provision, looking to network with other organisations to ensure children and their parents receive the best possible experience. i.e. extra toys for Christmas, personal hygiene and food parcels.

Obtain funding which is responsive to customer requests and needs

The Deal Recovery Grant paid for CCTV cameras at Hilton Street, due to increased crime in the area.

Feedback from Primary School heads states that children are more school ready when they have been to nursery and the quality of end of nursery reports provides much needed insight into the children and their behaviour.

The HAF holiday club provision is going from strength to strength with the percentage of attendance increasing and feedback is excellent. It is fantastic that we can support these children ensuring they have nutritious meals and are engaged in lots of fun activities during the school holidays.

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Remain competitive.

Analysis of competitor prices are undertaken at least yearly, nursery is very competitive. Out of School Club struggle to compete with school provision who offer a reduced rate, however they do not offer the flexibility of 7.30 – 6.00.

Marketing

Leaflets are distributed to community hubs in the area, given to room hire operators, on outside notice board and promoted via social media. The vast majority of nursery starts are from recommendations. One priority is raising the organisations social media profile.

Fundraising

Fundraising stopped during COVID, this has recommenced with the raffles at Xmas, swimming, seasonal competitions and photographs.

Finances

The organisation is again running at a deficit, attention is required to re-assess nursery charges.

The increase of NLW has a massive affect on the organisation, 85% of expenditure is staff.

Expenditure is carefully controlled to minimise outgoings.

Co-op Bank is now the preferred bank for all transactions, it is free of charge and an ethical bank. Hilton Street still use Barclays for payroll as there is no option via Co-op.

The organisation has £217,000 invested in the Nationwide 95 day saver, this is an ethical bank with 17 sustainable goals development Goals: They are: No poverty, Zero hunger, Good health and wellbeing, Quality education, Gender equality, Clean water and sanitation, Affordable and clean energy, Decent work and economic Growth, Industry, innovation and infrastructure, Reduced inequalities, Sustainable cities and communities, Responsible consumption and production, Climate action, Life below water, Life on land, Peace, justice and strong institutions, Partnerships to achieve the goal

New Accountants

Slade & Cooper Accountants

The Trustees have appointed Slade & Cooper Accountants, a charity specialist with over 25 years’ experience working with charities, co-operatives, registered social housing providers and other social enterprises

Staffing

Staff turnover has increased with staff leaving to other employment which does not have the responsibility of looking after children. Hard to recruit staff especially males into the sector, Hilton Street Childcare have 1 male. After questionnaires to staff to see how we could support, a wellbeing policy was put into place for staff, bonus for Christmas and no sickness and also an extra days holiday for Birthday. There is also a counselling hotline for all staff as part of our company insurances.

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Qualifications

Distinct lack of Level 3 staff looking for full time positions, seems to be a switch of staff preferring parttime/flexible hours rather than full time. This is a National problem with Early Years since the Government insisted staff have GCSE in Maths and English Grade C, deterred many excellent candidates from undertaking the qualification. Staff must have a passion for caring for children as would earn more money in stacking shelves.

Grants

The organisation has a high level of fixed reserves and funders are reluctant to issue grants. Also reluctant to fund the nursery as receive Government funding and fees. Any smaller grants applicable to the organisation are applied for by the CEO. i.e. Deal for Communities Creative Coders for Out of School Club children learning to code.

The community centre

Dementia Friendly, this is a Luncheon Club for over 60's, approximately 30 attendees attend which is held once per month, restricted funds are spent on guest speakers, lunch and activities.

Sit Be Fit

Chair based exercise, funds pay for teacher and resources.

Shared Reading

Parents and pre-school children, funds pay for resources including cooking materials, books, dress-up for themed activities.

Coding Club

Funded by The Deal, monies pay for tutor and resources for Out of School club.

Asda Grant

Paid for nutritious food for Holiday Club

The Deal Community Recovery

Resources bought related to enhanced cleaning to minimise COVID for the building, purchased room steamers

The Deal Community Safety Grant

Purchased CCTV system to reduce crime in the area

Houses

Have two properties which are rented to members of the public at a reduced rental rate. Both are long term tenants.

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Significant positive and negative factors

Positives

Relationship with service users

Parents kept informed via social media of child’s day in nursery. Good rapport between staff and parents, we work with other charities in the area to provide food, toys, household items for parents whose children attend our HAF Holidays and Food program, these are primary school children who receive free school meals. We have offered reduced room hire rental to providers of children’s activities and cancer support groups. There is always a friendly greeting from our receptionist, and we have people call in who have lost their way, dementia issues and need a little help to get home.

Relationships with employees

Many staff have been with the organisation for over 20 years, those who do leave tend to as they cannot progress any further at our nursery and seek a higher role elsewhere, or staff who go onto care for people with special needs, less hours for increased pay. We pride ourselves in having a good atmosphere and staff enjoy their work, we have introduced an extra day holiday for birthdays, Xmas and sickness bonus. Staff development is a high priority and staff are given all training which is required for their role and any other training they maybe interested in i.e. speech and language, management and SENCO.

There is a severe shortage of Level 3 qualified staff, the pressures of working in nursery are great and there is huge responsibility. The Government’s reform mandating childcare workers to have GCSE Maths and English has ruined the employee pool, many people would love to work in the area and are passionate about children but cannot gain GCSE’s. Many training providers have ceased operating and those who deliver, deliver on the job training which does not provide the necessary skills that our Apprentices need.

Beneficiaries

We prepare children for primary school and take a pride in having children ready for this leap. Since COVID many children are lacking in self-help skills and overall social emotional development such as sharing, taking turns, toileting, can’t dress themselves, reading below that expected, behavioural issues. We are focussing on addressing these delays. We work with other organisations to support the community, we had an Open Day with More than Words young people singing and dancing, taster sessions for Tai-Chi, chair-based exercise, yoga and children’s activities. Food was provided by Ashton Pantry who ensure that food wastage is significantly reduced, it was a fantastic day.

Funders

Ofsted Inspection 7[th] June 2022 gaining a good result for Hilton Street and Good on the 24[th] January 2022 for Carr Manor. This is a stressful day, but everyone took pride in showing off what they do and are so good at. We have good relationship with the Local Authority and Local Councillors receiving The Deal, Brighter Borough monies. Asda and the Co-op have funded our programs and Awards for All provided the new floor in the hall, allowing more activities to take place.

Underfunding from the Government is a major problem within the sector, for years the funding has slightly increased whilst there has been huge increase in National Living wage. This is seriously

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

affecting the Hilton Street premises and we have seen many nurseries and childcare providers close, especially around Carr Manor, however at Hilton Street, two further nurseries have opened. Why anyone would wish to open a nursery in this volatile time is a mystery.

Position in the wider community

Always know as a clean and welcoming place to attend. There are lots of other organisations such as churches, public houses and other charities offering room hire. Hilton Street is more expensive than other facilities in the evening but we provide a concierge service, so our attendees feel safe and have no worries regarding locking up.

Financial review

Since COVID we have seen a reduction in the number of children especially in Pre-School. Historically we had 40 plus children in pre-school, now we have 16. There is a reduction in birth rate but not significant to explain this reduction, and the other two nurseries operate on a very small scale. We can only presume that parents are choosing to stay at home with their children or use extended families as 15 – 30 hours funding does is not appropriate for their lifestyle. i.e. work 40 hours and could not afford the extra 10 hours childcare.

The Hilton Street building is very large and a very expensive building to run, now over 25 years old items need replacing. The lift will have a limited life so will kitchen units and windows. We have received a grant for the hall floor and had the roof sealed. Lucky to have entered a 5-year fixed energy deal in 2019 so have not been affected by increased prices, these deals expire in May 2024.

All expenses are managed very carefully, Management are aware that nursery numbers are low and the deficit is very large. The Board have confirmed that the nursery is a going concern for the next two years. This gives time for numbers to increase or to look at other revenues of income to allow the charity to continue to operate in Ashton-in-Makerfield.

The organisation has reserves of over 1 million so is in a financial position to continue running, we also have houses which could be sold should the financial deficit continue. The organisation also owns Hilton Street and Carr Manor Nursery so has no rental expenditure.

A high priority is to look at digital marketing of the nursery, our IT company is assisting with this, we hope to reach out to more people via social media and attract new starters. If parents do come for a visit to the nursery, they start as the facilities are fantastic, with unique selling points such as sensory room, Smart board technology, large hall for physical activity and well qualified, experienced staff.

Principal funding sources of the charity

Funding is received from the Government via Local Authority for 2/3/4 year old funding

Parents pay a daily or half daily rate for younger children plus out of school and holiday clubs. Funding rates are topped up with hot food costs.

Reserves policy.

The organisation understands the financial environment at present and considered the following:

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Funds to allow for unforeseen emergencies.
Unforeseen day to day operational costs
Grant income not being renewed.
Planned commitments which may need higher levels of reserves.
Need to fund short-term deficits in a cash budget.

Due to the continual changing needs of the organisation during COVID, the financial position of the Charity may change, or plans may alter so this policy is not static and liable to change.

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the Charity, should be approximately three months of expenditure £270,000.

Current unrestricted funds amount to £1,136,563 and included in this amount £773,196 committed and invested in tangible fixed assets and fixed asset investments.

Designated Funds

Marketing £50,000

Business Development £190,000

Business Opportunities £200,000

Staff development £50,000

Plans for the future

CCCAD marketing to promote all business to improve income, IT company B2B are experts in social media clicks, call to action and data collection. We hope to expand the social media impact of Hilton Street and receive more enquiries and interest.

The situation for all early years organisations at present is a chicken and egg scenario, we cannot recruit staff so unable to offer places to children.

Trustees and the management team have looked at price increases in April and August for nursery which will increase income at least in line with inflation.

Looking at other business opportunities, staff remuneration, purchase another nursery, rent space to a third party. The building is very large and bespoke to the requirements of a nursery.

Further training for nursery managers on financial aspects of the business.

COVID has been a hard lesson learned from past and current activities that the organisation needs to stay current with nursery fees and has influenced future plans and decisions about allocating resources to our best effort.

Structure, governance and management

Appointment of Trustees

The organisation is actively looking to recruit trustees, especially from a fundraising and marketing background. We welcome people from all denominations to apply to become a trustee the applicants are interviewed then asked to attend a Board meeting to reach a mutual agreement to accept onto the

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Board. We have an advertisement on the Wigan Council website, have communicated to parents, there is an advert on the website and outside on our communal notice board.

New Trustees are provided with a copy of the Memorandum and Articles, Charity Commission guidance "The essential trustee: what you need to know, what you need to do. According to the Trustees specialism, the Strategic Plan, Business Plans, Accounts and Sub-group information are discussed. They are supported by the Chairman and Chief Executive.

Organisation Structure

The Trustees and CEO are responsible for the strategic direction and policy of the Charity. Trustee members are from a variety of professional backgrounds relevant to the work of the Charity. The Chief Executive and management team of three attend Board Meetings but, have no voting rights.

The Chief Executive is appointed by the Trustees to manage the day-to-day operation of the Charity and to facilitate effective operations. A scheme of delegation is in place, with day to-day responsibility for the provision of services resting with the Chief Executive, supported by the Board and Senior Management teams. The Chief Executive is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met.

Subsidiary undertaking

On the 10[th] February 2020 The Childcare & Community Centres purchased Carr Manor Nursery (Waltonle-Dale) Limited, an 86 place children’s nursery in Walton-Le-Dale, Preston for £290.000, these funds came from company reserves.

The organisation is a charitable company limited by guarantee, incorporated on 18[th] October 2004 and registered as a charity on 25[th] January 2005.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 July 2022 was 5 (2021: 5). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Payment of Board Members

No fees or remuneration have been paid to any member or board member of the Association during the current year.

Related parties and relationships with other organisations

Ann Clarke is also a Trustee at Wigan Child Contact Centre

S B Electrical & Security Limited is the partner of S Benson, Chief Executive

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to operation and finance of the organisation and are satisfied that procedures and systems are in place to mitigate exposure to the risk. Both nurseries have fully opened adhering to guidance for children and staff, this resulted in the return to work of all nursery staff covering smaller numbers of children and placing the organisation under financial strain.

Specialist charity insurers understand the needs of the organisation and additional policies have been purchased offering legal advice and HR support to mitigate risk.

The aims of this risk management process are:

Improved management information leading to more informed decision making.
Evidence that the organisation is being effectively managed.
Ensure that everyone is aware of risk and that risk management is their responsibility.
Improve skill sets / motivation of staff.
Reduce losses arising from workplace accidents and illnesses.
Support strategic planning.
Achieve cost savings.
Influence internal and external stakeholders.

A risk register is compiled and monitored and contains the principal perceived risks to the organisation.

The Childcare And Community Centres, Ashton And District

Trustees’ annual report

for the year ended 31 July 2022

Statement of responsibilities of the trustees

The trustees (who are also directors of The Childcare and Community Centres, Ashton And District for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 27/04/2023 and signed on their behalf by

Name Geoffrey Urwin

Title Trustee

Independent examiner’s report

to the trustees of

The Childcare And Community Centres, Ashton And District

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] July 2022 which are set out on pages 14 to 34.

Responsibilities and basis of report

As the charity 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, I report in respect of my examination of your company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

Christy Lau FCCA CTA DChA

Slade & Cooper Limited Beehive Mill, Jersey Street, Ancoats Manchester, M4 6JG Date 28/04/2023

The Childcare and Community Centres, Ashton And District

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 July 2022

Unrestricted funds Note £ Income from: Donations and legacies 3 - Charitable activities: 4 Nursery and young people care 527,377 Other trading activities 5 16,242 Investments 6 898 Total income 544,517 Expenditure on: Raising funds 7 1,352 Charitable activities: 8 Nursery and young people care 655,320 Total expenditure 656,672 (112,155) 10 (112,155) Transfer between funds 1,807 Net movement in funds for the year (110,348) Reconciliation of funds Total funds brought forward 1,246,911 Total funds carried forward 1,136,563 Net income/(expenditure) before net gains/(losses) on investments Net income/(expenditure) for the year	Restricted funds £ - 2,598 - - 2,598 - 9,625 9,625 (7,027) (7,027) (1,807) (8,834) 10,295 1,461	Total funds 2022 £ - 529,975 16,242 898 547,115 1,352 664,945 666,297 (119,182) (119,182) - (119,182) 1,257,206 1,138,024	Total funds 2021 £ 60,000 498,172 31,533 369
			*590,074*
			219 665,636
			*665,855*
			(75,781)
			*(75,781)* -
			*(75,781)* 1,332,987
			*1,257,206*

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

A full comparative SOFA is available on the last page of the financial statements.

The Childcare and Community Centres, Ashton And District Company number 05262454

Balance sheet as at 31 July 2022

Note £ £ Fixed assets Tangible assets 15 478,555 Investments 16 294,641 Total fixed assets 773,196 Current assets Stock - Debtors 17 9,007 Cash at bank and in hand 18 386,430 Total current assets 395,437 Liabilities Creditors: amounts falling due in less than one year 19 (30,609) Net current assets 364,828 Total assets less current liabilities 1,138,024 Creditors: amounts falling due after more than one year - - Net assets 1,138,024 The funds of the charity: Restricted income funds 20 1,461 Unrestricted income funds 21 1,136,563 Total charity funds 1,138,024 2022	£ £ 491,509 294,641 *786,150* - 67,891 437,428 *505,319* (34,263) *471,056* 1,257,206 - *1,257,206* 10,295 1,246,911 *1,257,206* 2021	£ £ 491,509 294,641 *786,150* - 67,891 437,428 *505,319* (34,263) *471,056* 1,257,206 - *1,257,206* 10,295 1,246,911 *1,257,206* 2021
		*786,150* *471,056*
		1,257,206 -
		*1,257,206*
		10,295 1,246,911
		*1,257,206*

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 17 to 34 form part of these accounts.

Approved by the trustees on 27/04/2023 and signed on their behalf by:

Geoffrey Urwin (Trustee)

The Childcare and Community Centres, Ashton And District

Statement of Cash Flows

for the year ending 31 July 2022

Note Cash provided by/(used in) operating activities 23 Cash flows from investing activities: Dividends, interest, and rents from investments Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments Cash provided by/(used in) investing activities Cash flows from financing activities: Net cash (used in)/provided by financing activities Cash provided by/(used in) financing activities Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Increase/(decrease) in cash and cash equivalents in the year	2022 £ (41,894) 898 - (10,002) - - (9,104) - - (50,998) 437,428 386,430	2021 £ *135,679*
		369 154,976 (1,562) - (204,298)
		*(50,515)*
		(2)
		*(2)*
		85,162 352,266
		*437,428*

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The Childcare and Community Centres, Ashton And District meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees have made no key judgments which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds comprise the costs of commercial trading and their associated support costs.
Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Freehold property 2% Fixtures and fittings 25%

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

k Fixed asset investments

The charity held shares in group undertakings. The valuation of the investments is measured initially at cost and subsequently at fair value at the reporting date.

The fair value of the investments is based on the trustees best estimate, they have determined that the fair value does not differ from the cost price significantly at the year end.

l Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

o Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

p Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 11. There were no outstanding contributions at the year end.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Current reporting period Donations Total *Previous reporting period* Donations *Total*	Unrestricted £ - - Unrestricted £ 60,000 60,000	Restricted £ - - Restricted £ - -	Total 2022 £ -
			-
			Total 2021 £ 60,000
			60,000

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

4 Income from charitable activities

Current reporting period Health and Fitness Membership Fees Grants Community Fund Ashton Lunch group DFC Community Safety DFC Sit be Fit Deprivation Funding Brighter Borough Open Day Grant Co-op Funding Photowalks Nursery Sales Nursery Activity After School Sales Total *Previous reporting period* Health and Fitness Grants Dementia Friendly Main Grant DFC Sit be Fit DFC Tea Dance DFC Shared Reading DFC Code Club Co-op Funding Asda Grants DFC Community Recovery Covid National Lottery Co-op Funding Photowalks Nursery Sales Nursery Activity *Total*	Unrestricted £ 1,578 22 - - - 807 500 - 452,094 8,090 64,286 527,377 Unrestricted £ 182 52,921 - - - - - - - - - - - 433,530 1,244 487,877	Restricted £ - - 1,720 1,450 880 - - (1,452) - - 2,598 Restricted £ - - 109 6,425 352 48 462 780 2 358 306 1 1,452 - 10,295	Total 2022 £ 1,578 22 - 1,720 1,450 880 807 500 (1,452) 452,094 8,090 64,286
			529,975
			Total 2021 £ 182 52,921 109 6,425 352 48 462 780 2 358 306 1 1,452 433,530 1,244
			498,172

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

5 Income from other trading activities

Income from other trading activities
Fundraising Events Dancing Rental Income Room Hire Sales Other Income	2022 £ - - 8,883 6,394 965 16,242	2021 £ 695 836 10,092 1,488 18,422
		31,533

All income from other trading activities is unrestricted.

6 Investment income

Current reporting period

Current reporting period Deposit account interest *Previous reporting period* Deposit account interest Cost of raising funds Advertising	Unrestricted £ 898 898 Unrestricted £ 369 369 2022 £ 1,352 1,352	Restricted £ - - Restricted £ - - 2021 £ 219 219	2022 £ 898
			898
			2021 £ 369
			369

7 Cost of raising funds

All expenditure on cost of raising funds is unrestricted.

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

8 Analysis of expenditure on charitable activities

Current reporting period Staff costs Insurance Light, heat and water Office Expenses Breast Cancer Support Group Admin Purchases Grant Session Expenses Ground rent Licences Minibus Nursery Activity Nursery Purchases Repairs & Maintenance Sundry expenses Waste disposal and cleaning Governance costs (see note 9) Support costs (see note 9) Restricted expenditure Unrestricted expenditure	Total 2022 £ 551,931 7,224 15,268 9,403 - 201 4,298 1,800 2,861 91 3,250 17,536 13,202 - 4,885 3,060 29,935 664,945 2022 £ 9,625 655,320 664,945	Total 2021 £ 517,712 7,427 15,893 4,076 50 2,327 1,154 1,200 2,262 1,687 1,240 18,121 7,481 2,514 4,898 3,020 74,574
		665,636
		2021 £ 24,527 641,109
		665,636

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

9 Analysis of governance and support costs

Current reporting period Basis of apportionment Bank charges Support Professional fees Support Bad debts Support Depreciation Support Accountancy and legal fees Governance *Previous reporting period* Basis of apportionment Bank charges Support Professional fees Support Bad debts Support Freehold property Support Fixtures and fittings Support Other Accountancy and legal fees Governance Loss on sale of tangible fixed assets	Support £ 227 6,901 (149) 22,956 - 29,935 Support £ (21) 10,110 (90) 19,161 4,075 41,339 - 74,574	Governance £ - - - - 3,060 3,060 Governance £ - - - - - - 3,020 3,020	Total 2022 £ 227 6,901 (149) 22,956 3,060
			32,995
			Total 2021 £ (21) 10,110 (90) 19,161 4,075 41,339 3,020
			77,594

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

10 Net income/(expenditure) for the year

This is stated after charging/(crediting): Depreciation Loss/(profit) on disposal of fixed assets Independent examiner's fee Accountancy fees Independent examination 11 Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Pension costs	2022 £ 22,956 - 1,800 750 2022 £ 508,715 33,441 9,775 551,931	2021 £ 23,236 41,339 - -
		2021 £ 478,902 29,526 9,284
		517,712

No employees has employee benefits in excess of £60,000 (2021: Nil).

The average number of staff employed during the period was 29 (2021: 28).

The key management personnel of the charity and the charity's subsidiary comprise the trustees, the Chief Executive Officer, the Nursery Managers, the Management Accountant and the Financial Administrator.

The total employee benefits of the key management personnel were £171,690 (CCCAD: £139,420, Carr Manor Nursery (Walton-Le-Dale) Limited: £32,270.)

12 Trustee remuneration and expenses

No trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: Nil).

No trustees received travel and subsistence expenses during the year (2021:£Nil).

Aggregate donations from related parties were £Nil (2021: £Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

SB Electrical & Security Ltd, a company in which the director is the spouse of the CEO provided repair and maintenance services in the year totalling £2,230.

Otherwise, no trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil).

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

13 Related party transactions

The charity has one subsidiary:-

Carr Manor Nursery (Walton-Le-Dale) Limited, a company limited by shares, company number 06472158.

On 10 March 2020 the charity purchased 100% of the share capital of Carr Manor Nursery (WaltonLe-Dale) Limited for £294,641.

Transactions in the period comprised:	2022	2021
	£	£
Gift Aid payment from subsidiary	-	60,000
Recharge of expenses to subsidiary	3,660	-
Balance owed by/(to) the subsidiary at period end	-	-

In accordance with guidance from the Financial Reporting Council in December 2017, the subsidiary no longer accrues the gift aid payment within its accounts. The payment to the parent charity will still be made within 9 months of the year end.

14 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

15 Fixed assets: tangible assets

Fixed assets: tangible assets
Cost Additions Disposals Depreciation Charge for the year Disposals Net book value At 31 July 2022 At 1 August 2021 At 31 July 2021 At 31 July 2022 At 31 July 2022 At 1 August 2021	Freehold property £ 958,212 - - 958,212 469,356 19,164 - 488,520 469,692 488,856	Fixtures and fittings £ 246,730 10,002 - 256,732 244,077 3,792 - 247,869 8,863 2,653	£ 1,204,942 10,002 - Total
			1,214,944
			713,433 22,956 -
			736,389
			478,555
			491,509

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

16 Investments

16	Investments
		2022	2021
		£	£
	Market value at the start of the year	294,641	90,343
	Add: additions to investments at cost	-	204,298
	Market value at the end of the year	294,641	294,641
	Investments are all carried at fair value and are shares in group undertakings.
17	Debtors
		2022	2021
		£	£
	Trade debtors	2,262	1,735
	Other debtors	-	60,000
	Prepayments and accrued income	6,745	6,156
		9,007	67,891
18	Cash at bank and in hand
		2022	2021
		£	£
	Cash at bank and on hand	386,430	437,428
		386,430	437,428
19	Creditors: amounts falling due within one year
		2022	2021
		£	£
	Trade creditors	2,138	422
	Accruals and deferred income	18,954	24,634
	Other creditors	9,517	9,207
		30,609	34,263

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

20 Analysis of movements in restricted funds

Balance at 1 August 2021 £ Dementia Friendly 109 Main Grant 6,425 DFC Sit be Fit 352 DFC Tea Dance 48 DFC Shared Reading 462 DFC Code Club 780 Co-op Funding 2 Asda Grants 358 306 1 1,452 - Total 10,295 Balance at 1 August 2020 £ Dementia Friendly 109 Main Grant - DFC Sit be Fit 352 DFC Tea Dance 48 DFC Shared Reading 462 DFC Code Club 780 Co-op Funding GMCVO Pram Club 735 Asda Grants 372 Covid National Lottery - 1,452 - Total 4,310 *Previous reporting* *period* Current reporting period Covid Funding Photowalks DFC Community Recovery DFC Community Recovery Covid Funding Photowalks CJRS Covid Furlough DFC Community Safety Covid National Lottery	Income £ 1,720 - 880 - - - - - - (1,452) 1,450 2,598 Income £ - 6,425 - - - - 1,000 (735) 1,705 446 400 - 21,272 30,513	Expenditure £ (1,343) (6,425) (1,067) - - (580) - (210) - - - - (9,625) Expenditure £ - - - - - - (998) - (1,347) (512) (399) - (21,272) (24,528)	Transfers £ - - - (48) - - (2) - (306) (1) - (1,450) (1,807) Transfers £ - - - - - - - - - - - - - -	Balance at 31 July 2022 £ 486 - 165 - 462 200 - 148 - - - -
				1,461
				Balance at 31 July 2021 £ 109 6,425 352 48 462 780 2 - 358 306 1 1,452 -
				10,295

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

20 Analysis of movements in restricted funds (cont.)

Name of

restricted fund Description, nature and purposes of the fund

Dementia Friendly this is a Luncheon Club for over 60's, approximately 30 attendees attend which is held once per month, restricted funds are spent on guest speakers, lunch and activities.

Sit Be Fit funds pays for teacher and resources Tea Dance

Shared Reading funds pay for resources including cooking materials, books, dress-up for themed activities, will re-start in September 2023

Coding Club monies used to pay for tutor Co-op Funding

Main Grant was a grant received July 21 from National Lottery - Awards for all to refurbish and maintain the floor in the main hall.

Asda Grant used on food for Holiday Club Community Recovery, resources bought related to enhanced cleaning to minimise COVID for the building, purchased room steamers

Photowalks Coop fund, no staff to run project, refunded

Community Safety purchased CCTV system to reduce crime in the area

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

21 Analysis of movement in unrestricted funds

Business Opportunities Staff development General fund General fund *Previous reporting* *period* Designated fund Marketing Business Development Current reporting period	Balance at 1 August 2021 £ 1,246,911 - - - - 1,246,911 Balance at 1 August 2020 £ 1,328,677 1,328,677	Income £ 544,517 - - - - 544,517 Income £ 559,561 559,561	Expenditure £ (656,672) - - - - (656,672) Expenditure £ (641,327) (641,327)	Transfers £ (488,193) 50,000 190,000 200,000 50,000 1,807 Transfers £ - -	As at 31 July 2022 £ 646,563 50,000 190,000 200,000 50,000
					1,136,563
					As at 31 July 2021 £ 1,246,911
					1,246,911

Name of

unrestricted fund Description, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds Designated fund Marketing Business Development Business Opportunities Staff development

The Childcare and Community Centres, Ashton And District

Notes to the accounts for the year ended 31 July 2022 (continued)

22 Analysis of net assets between funds

Current reporting period Tangible fixed assets Fixed asset investments Net current assets/(liabilities) Total Previous reporting period Tangible fixed assets Fixed asset investments Net current assets/(liabilities) Total	General fund £ 478,555 294,641 (126,633) 646,563 General fund £ 491,221 294,641 461,049 1,246,911	Designated funds £ - - 490,000 490,000 Designated funds £ - - - -	Restricted funds £ - - 1,461 1,461 Restricted funds £ 288 - 10,007 10,295	Total £ 478,555 294,641 364,828
				1,138,024
				Total £ 491,509 294,641 471,056
				1,257,206

23 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year Adjustments for: Depreciation charge Loss/(profit) on sale of fixed assets Dividends, interest and rents from investments Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating	2022 £ (119,182) 22,956 - (898) 58,884 (3,654) (41,894)	2021 £ (75,781) 23,236 41,339 (369) 145,305 1,949
		135,679

The Childcare and Community Centres, Ashton And District

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 July 2021

Unrestricted funds Note £ Income from: Donations and legacies 3 60,000 Charitable activities: 4 Nursery and young people care 467,660 Other trading activities 5 31,533 Investments 6 369 Other Total income 559,562 Expenditure on: Raising funds 7 219 Charitable activities: 8 Nursery and young people care 641,109 Total expenditure 641,328 (81,766) 10 (81,766) Transfer between funds - Net movement in funds for the year (81,766) Reconciliation of funds Total funds brought forward 1,328,677 Total funds carried forward 1,246,911 Net income/(expenditure) for the year Net income/(expenditure) before net gains/(losses) on investments	Restricted funds £ - 30,512 - - 30,512 - 24,527 24,527 5,985 5,985 - 5,985 4,310 10,295	Total funds 2021 £ 60,000 498,172 31,533 369 590,074 219 665,636 665,855 (75,781) (75,781) - (75,781) 1,332,987 1,257,206	Total funds 2020 £ 25,000 534,081 31,418 2,291 11,863
			*604,653*
			1,752 634,986
			*636,738*
			(32,085)
			*(32,085)* -
			*(32,085)* 1,365,072
			*1,332,987*

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.