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2022-03-31-accounts

Charity Registration No. 1109642

Company Registration No. 05389477 (England and Wales)

CHILD DYNAMIX

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

74 Lairgate Beverley East Yorkshire United Kingdom HU17 8EU

CHILD DYNAMIX

CONTENTS

Page
Company informaton 1
Trustees' report 2 - 10
Statement of trustees' responsibilites 11
Independent auditor's report 12 - 15
Statement of fnancial actvites 16
Balance sheet 17
Statement of cash fows 18
Notes to the fnancial statements 19 - 35

CHILD DYNAMIX

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Boyd
B A Bradley
G E Coyle
P D Dufeld
P M Perera
K Sturdy
Senior Management team C M East CEO/Company Secretary
L Darnell Head of HR and Finance
N Clark Head of Childcare
A Wheal Children & Family services
manager
Charity number 1109642
Company number 05389477
Principal address 95 Preston Road
Hull
East Yorkshire
United Kingdom
HU9 3QB
Registered ofce 95 Preston Road
Hull
East Yorkshire
United Kingdom
HU9 3QB
Auditor TC Group
74 Lairgate
Beverley
East Yorkshire
United Kingdom
HU17 8EU

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

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 31st March 2022. 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).

Objectives and activities

Objectives and aims

The Objects for which the Company is established are to promote social regeneration by providing relief, in particular but not exclusively to, children, young people and their families who are resident or employed across the Humber Sub-Region who have need because of age, mental or physical disability, poverty or addiction. In particular, but not so as to limit the generality of the foregoing to provide combinations of early years education, play work, youth work, community sports, family support and health advice, learning and employment services.

The vision and beliefs and Key priorities

Our vision is: Communities where children and young people thrive Our purpose is: To create environments and deliver activities that enable children and young people to identify and realise both their aspirations and their potential.

How our activities deliver public benefit

Our main activities are described below and focus on the objectives for which Child Dynamix was created in 2005, including changes to these objectives in 2014. The services provided to children, young people and their families are for the most part free and all are open and accessible to all. Where there are fees to be charged there are opportunities for those unable to afford these fees to access the service via other funding streams i.e., local authority/social services, two-year-old funding and early years education grants. In addition to this, the charity receives pupil premium for children in need within its Childcare settings. The trustees considered the Charity Commissions guidance on public benefit when planning and developing the charity’s activities at all its meetings. For specific activities, funding is sought in partnership with the young person or group to enable them to achieve their aspirations. The Corporate Social Responsibility policy is embedded across the charity, and explains the way in which the charity supports other small community organisations and takes a responsible approach to the environment.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

Who used and benefited from our services:

Community Day Nurseries:

Child Dynamix has three day nurseries, two in East Hull (CDCN Preston Road and CDCN Savoy Road) and one in West Hull (CDCN Boulevard). We know our day nurseries play a critical role in the learning and development of the youngest children and we aim to offer the finest provision by providing stimulating learning environments for the children who attend. We also know the importance of quality day care to enable families to access employment and learning opportunities. We aim to provide a flexible approach to meet the needs of children and their families.

Covid 19 continued to impact our nursery offer throughout this financial year. Our teams continued to respond to local and national guidance and restrictions. In the previous financial year, there were times when restrictions meant we could only open for specific children, however there were no such restrictions in this year. Our settings remained open, and continued to provide care and education for all their children. This meant children continued to receive learning and development opportunities and our teams worked tirelessly to minimise the impact upon our youngest children and their families. Our nursery leaders worked flexibly to support all our families through the challenges, particular concerns related to health and safety, and minimise the spread of the infection especially when new variants emerged.

Whilst it was possible for many people to work from home, or work flexibly, our nursery teams continued to come on site each day. Everyone came together to provide for our children recognising the importance early years has in the outcomes of children, and the part it plays in the lives of working families. At times there was nothing ‘normal’ about coming to work but our members of staff were determined that our children would not see this whilst in our care.

Throughout this period, the nursery teams continued to monitor children’s learning and development to ensure we minimised the impact of restrictions on their outcomes. Teams welcomed the changes to the Early Years Foundation Stage curriculum in September 2021 and used the changes to revisit how the curriculum is delivered throughout our settings. The Local authority developed an Assessment Score Card which allows children’s key workers to analyse individual children’s learning and potentially offer additional support if necessary.

We continued to work closely with local colleges to offer placements for childcare students and with Bishop Burton College in connection with the T-Level and transition T-Level Programme in Education and Childcare.

Across April 2021 – March 2022, there were 443 children on roll across our nurseries. Of those 443 children, 33 were receiving additional support funding, with a further 83 children experiencing some other learning difficulty or development delay. This means 26% of children attending our settings had some kind of special educational need or disability. We supported 50 families to access 30-hour funding, enabling them to increase childcare to meet their needs.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Community services and activities: (children, young people and families)

Over the course of the year Child Dynamix staff and volunteers have worked with 2373 children and young people and 1067 adults/carers in communities across Hull.

Child Dynamix offers children, young people and their families a range of services and support through our community services and activities. Our offer continued throughout the changing guidance and restrictions related to Covid:

From the Hut Youth centre, we provide a range of services for the community and young people, and continue to utilise the fantastic facilities the building offers following the extension and internal redesign. The teaching kitchen with rise and fall worktops and accessible cooker, IT suite, dance and craft rooms have been used for individual and group session by the team, and by local groups who hire the spaces to deliver their projects. More broadly, the youth team provide a range of services including one to one support, small group work and larger sessions with as many as 40 young people on a Friday night. Naturally, restrictions and guidance have influenced their delivery, with larger groups and events being outdoors. The team also works in local community spaces, schools and sport fields to offer the widest variety of activities. Again, this team went to great lengths to ensure it could meet varying needs of local children and young people and stay connected to them. When schools were closed, many young people lost contact with trusted adults and the team recognised that they needed to work differently to stay connected. As restrictions changed, we were able to rely on outdoor activities to engage and help respond to the increasing demand for support, particularly around emotional health and wellbeing.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Young people

Surveys and feedback

We regularly carry out stakeholder surveys, evaluations and seek feedback to help us understand the impact the charity has had,

“I live in SW England and stumbled across your site by chance. I wanted to say a massive thank you for the 6 videos you have posted for how best to support your teenager. We have been having a very tough time recently with our 14 year old daughter and I found all the videos to be calming” Parent feedback about the Parenting Teenager Short Films

“ Aimee brought activity bags and cooking packs through lockdown. L has sensory problems and difficulty eating and trying new foods. It’s been difficult but Aimee has helped us to encourage L to try new food and she has brought things like separation plates, given us ideas to use and put me on a course to understand L’s behaviour. L has made real progress ”.

Parent Feedback Little Stars Children’s Centre June 2021

“My mentor is a lovely lady who is empathetic and was able to connect to me and listen, this organisation (Child Dynamix) is really helpful for people with a lot of issues and who cannot speak English well .” Parent feedback - Parent Peer Mentor Project June 2021

“ I definitely feel more confidence and knowledge about my teenager’s development. I can see the world from their eyes, everything has helped. ”

Parent Feedback – Talking Teens course July 2021 (part of the Parent Peer mentor Project)

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

“ Thank you for all your support given in looking after my son and giving me the advice needed for his SEN Needs, it’s been really appreciated .” Nursery parent feedback – March 2022

“I think I’ve tried everything during the summer holidays, but the cooking and kayaking were my favourite. I’ve never been kayaking before, it was difficult at first and I got mad, but then the instructor showed me how to do it properly and I found it easier. The cooking was fun as well, the worker was smart and made it easy for us to learn, now my mum is making me do all the cooking at home.” Young person Feedback August 2021

Volunteering at Child Dynamix:

Throughout the year our HeadStart Hull Parent Volunteers was the largest group of volunteers within the charity, with as many as 38 active volunteers supporting the project at any one time. Volunteering opportunities continue to be an important part of our service delivery and we are pleased to have been able to support volunteer Mentors to find alternative places to give their time as the Parent Mentor Project came to a close. We must also recognise the contributions to other parts of the charity, including volunteers who give their time and skills in our youth services, childcare and children’s centre. Our trustees, also volunteers, have continued to support Child Dynamix in so many ways, particularly as the charity navigated the challenges of Covid and emerging issues impacting both the charity and our beneficiaries. This year volunteers offered 1238 hours of their time.

Charity events and fundraising:

Unfortunately, Covid halted many of the events and fundraising activities that we would normally have. Over the year smaller outdoor events to attract children, young people and families could go ahead whilst remaining within the guidance of the time. We were pleased to offer our teams the opportunity to have our annual Away Day, cancelled in 2020. The day was adjusted into smaller teams rather than the usual full Charity get together , to reduce the potential spread of the emerging Omicron variant of Covid.

Investment performance

Under the Articles of Association, the charity has the power to invest in any way the trustees wish.

Financial review

Covid continued to impact operations over the year, however we were quickly able to adapt our delivery and response to various changes to guidance. This did impact on the number of children and young people we could see in sessions, but had less impact on our nursery offer as there were no restrictions in attendance. The nursery teams worked flexibly to meet the needs of both children and their families and brought in an additional £30k.

Difficulties with recruitment have impacted all our services at some point and means overall spend on salaries was lower than projections. There were various small pots of funding for Youth, Family Support and Nature activities between £1k and £15k over the course of the year

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Reserves policy

Child Dynamix reserves following our twelfth year of operations stand at £873,619.

Of this figure £822,437 are unrestricted reserves and £51,182 are restricted reserves. A breakdown of the £51,182 restricted fund balances carried forward is shown in note 18 on page 33.

The Trustees of Child Dynamix aim to secure a minimum cash reserve of £230,000 which represents 17% of the Charity's average turnover (10 years). Close monitoring of the reserves is essential in helping us meet the demands of our strategic plan over the next three to five years. The target reserves amount of £230,000 has been calculated based on continuity planning taking account of the Charity's liabilities. This reserve also provides the Charity's cash flow.

First and foremost, the Charity needs reserves to provide working capital to support its day to day operations, which is vital when waiting for invoices to be paid. Some contracts can be paid in arrears leaving the Charity to cover general revenue costs for up to two months. Furthermore, many new funding streams are issued on a payment by results basis, which might split funding by as much as 50% which also then requires the Charity to hold funds to cover the full costs until final payment is made. The Trustees would also consider proposals from the Charity's Officers to create seed funding for development of new vital services, and finally the Trustees may be asked to consider extending individuals or team contracts for interim periods of no more than 3 months to bridge gaps where new funding has been secured but a gap is created between funding streams.

The Trustees have provision for the appointment of a Finance Trustee who, under the Articles of Association (reviewed 2014) has responsibility for monitoring and reviewing the agreed steps the charity has taken to establish and or maintain the reserves and for any proposals for using reserves. The responsibility, should the Charity face closure, will impact on the whole Trustee group, including the Finance Trustee, who would work with the Chief Executive Officer and senior leadership team.

The level of reserves set by the Trustees (see above) where possible, are grown through our Social Enterprise activities, which have three to five year financial plans. The reserves development and maintenance forms part of the general management accounting the Charity carries out, which takes place weekly, monthly and quarterly at differing levels. The Head of Finance and Human Resources creates actual to projected reports on a quarterly basis to the Finance committee and then on to the Board.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Future plans

As a social regeneration charity, Child Dynamix recognises the importance of the whole family in relation to the outcomes for children and young people. Our themes of work - early years and childcare, family support and services for children and young people - offer both universal and targeted support. Levels and intensity of support differ depending on the presenting needs, but we recognise the many strengths children, young people and their families have. We see these as a positive starting point to enable people to make long lasting change with support from our staff and volunteers.

As we enter a new financial year, we have already begun to see the long-term impact of Covid upon children and young people, including speech and language concerns for our youngest children. The focus on the First 1001 Days and The Best Start for Life programmes already help to address this. Hull is one of 75 local authorities eligible for a share of £302m to develop Family Hubs. Announcements in relation to the allocation for Hull is expected in Summer 2022 and will build on an already healthy offer for children, young people and their families within the revised Early Help and Prevention Strategy 2021-25.

We continue to seek funding to enable us to retain mentoring as part of our Family Support offer and await a response from the National Lottery in relation to an application we have submitted in partnership with Cornerhouse Yorkshire.

We are also excited by a number of opportunities to increase the voice and influence that children, young people and families have regarding the services they receive from Child Dynamix and other services across the city as the Children and Young People’s Voice and Influence strategy is further embedded. This links with opportunities for Child Dynamix to continue to support young people to participate in social action and develop the skills of our ‘older’ young people to then support other young people in this important work.

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.

Child Dynamix is a company limited by guarantee and a registered charity. The company was legally incorporated on 11th March 2005 at Companies House, with a Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, who served during the year and up to the date of signature of the financial statements were:

J Boyd B A Bradley G E Coyle P D Duffield P M Perera H Schofield (Resigned 28 April 2021) K Sturdy

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Recruitment and appointment of new trustees

The Trustees shall have power at any time to appoint any person to be a Trustee but so that the total number of Trustees shall not exceed the number determined under Article 34. Every Trustee shall retire on the third anniversary of his or her appointment. A Trustee due to retire on the third anniversary of his or her appointment may, with the approval of a majority of the Trustees, stand for re-appointment for a second threeyear term so that Trustees may, if re-appointed, serve two consecutive three year terms. A Trustee standing for re-appointment for a second three-year term will be re-appointed as a Trustee if his or her re-appointment is subsequently approved by a majority of the Trustees. The Trustees may resolve by majority that because of exceptional circumstances a Trustee may hold office for a third three-year term. At the end of that third threeyear term that Trustee shall retire so that no Trustee shall serve more than nine consecutive years. A Trustee who has served nine consecutive years must stand down for a period of at least one year before being reappointed as a Trustee.

Organisational structure

The Trustees held five meetings during 2021 – 2022, including the annual general meeting in September. The board has delegated the day-to-day operations to the Senior Management Team made up of the CEO, the Head of Finance & HR, the Head of Childcare and the Children & Family Services Manager. These job roles are externally reviewed, evaluated and benchmarked to similar sector positions.

Finance Committee

- Mr P Dufeld Finance Trustee and Chair
- Mr K Sturdy Finance Trustee
- Mrs P Perera Finance Trustee
HR and Scrutny Commitee
- Miss J Boyd Chair of the HR and Scrutny Commitee
- Mr G Coyle HR and Scrutny Commitee
- Mr B Bradley HR and Scrutny Commitee
Child Dynamix Trading Ltd: (wholly owned trading arm of Child Dynamix)
- Mrs P Perera Director of Child Dynamix Trading Ltd
- Mr B Bradley Director of Child Dynamix Trading Ltd

The Health and Safety internal audit of each of the charity's premises took place in January 2021. In response to COVID19, Health and Safety practice was reviewed throughout the year in response to national and local guidance and restrictions, with significant adaptions to our workspaces and deployment of staff.

Induction and training of new trustees

The charity has a comprehensive induction pack for new Trustees (The Trustee Handbook). This Handbook includes role descriptions, conflict of interest, and code of conduct, the Articles and policies including finance and reserves. All Trustees of the charity complete the volunteer recruitment process, which includes a DBS enhanced check and undertake safeguarding training. Induction meetings are held with the Chief Executive and/or Chair of the Board prior to the first Board meeting attended. Trustees are encouraged to attend seminars and conferences on Charity law and governance issues when they are able. Information from these events is provided at subsequent board meetings.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Risk management

Child Dynamix maintains a risk register; the register considers financial, reputational and operational risks to the charity and is agreed with the Board annually. The charity has systems and controls in place to manage the exposure to its significant risks. The risk register is referred to and updated if required in each Board meeting. In addition to this, the charity uses risk analysis at a project and service level.

Auditor

The auditor, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

The trustees' report was approved by the Board of Trustees.

C M East

Company secretary Dated: 15 September 2022

CHILD DYNAMIX

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also the directors of Child Dynamix for the purpose of company law, are responsible for preparing the 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 year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate 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.

In so far as the Trustees are aware:

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF CHILD DYNAMIX

Opinion

We have audited the financial statements of Child Dynamix (the ‘charitable company’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including Fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council's website as: https:// www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Todd FCA (Senior Statutory Auditor) for and on behalf of TC Group

Statutory Auditor

Office: Beverley

23 September 2022

TC Group is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

CHILD DYNAMIX

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
2022
Notes
£
Income from:
Donatons and legacies
3
1,394
Charitable actvites
Childcare
4
1,021,513
Youth, Sport and Play
4
452,970
C&YP actvites
4
220,649
Core support
4
6,672
Other trading actvites
5
-
Total income
1,703,198
Expenditure on:
Charitable actvites
Childcare
6
818,084
Youth, Sport and Play
6
343,033
C&YP actvites
6
194,796
Core support
6
281,819
Total charitable expenditure
1,637,732
Financing costs
11
18,375
Total resources expended
1,656,107
Net income/(expenditure) for the year/
Net movement in funds
47,091
Fund balances at 1 April 2021
775,346
Fund balances at 31 March 2022
822,437		 Restricted
funds
2022
£
-
-
62,497
29,180
-
-
91,677
-
59,182
32,986
-
92,168
-
92,168
(491)
51,673
51,182		 Total
2022
£
1,394
1,021,513
515,467
249,829
6,672
-
1,794,875
818,084
402,215
227,782
281,819
1,729,900
18,375
1,748,275
46,600
827,019
873,619		 Total
2021
£
6,325
935,999
478,528
244,473
166,583
1,490
1,833,398
727,423
323,475
235,342
280,895
1,643,722
16,875
1,660,597
172,801
654,218
827,019

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CHILD DYNAMIX

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilites
Creditors: amounts falling due afer
more than one year
17
Net assets
Income funds
Restricted funds
18
Unrestricted funds		 2022
£
£
668,870
10
668,880
23,097
499,502
522,599
(90,550)
432,049
1,100,929
(227,310)
873,619
51,182
822,437
873,619		 2021
£
£
703,006
10
703,016
26,426
568,205
594,631
(237,410)
357,221
1,060,237
(233,218)
827,019
51,673
775,346
827,019

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 September 2022

B A Bradley

Trustee

Company Registration No. 05389477

CHILD DYNAMIX

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash fows from operatng actvites
Cash (absorbed by)/generated from
operatons
23
Investng actvites
Purchase of tangible fxed assets
Net cash used in investng actvites
Financing actvites
Repayment of bank loans
Net cash used in fnancing actvites
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
(20,998)
(5,170)		 £
(63,193)
(20,998)
(5,170)
(89,361)
568,205
499,502		 2021
£
(20,999)
(4,756)		 £
51,563
(20,999)
(4,756)
25,808
214,195
568,205

FOR THE YEAR ENDED 31 MARCH 2022

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Charity information

Child Dynamix is a private company limited by guarantee incorporated in England and Wales. The registered office is 95 Preston Road, Hull, East Yorkshire, HU9 3QB, United Kingdom.

The Charity is a company limited by guarantee 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.

1.1 Accounting convention

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 1 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 with the exception of investments which are included at market value.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.4 Incoming resources

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended

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 of the 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Leasehold land and buildings over the period of the lease Fixtures and fittings 50% on cost, 25% on cost and 20% on cost Motor vehicles 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are measured at cost.

A subsidiary is an entity controlled by the charitable company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Useful life of fixed assets

The charitable company estimates the useful economic lives of fixed assets based in the expected period of use of the asset in operating the charitable company.

Carrying value of freehold property

The charitable company owns one property and this is stated at cost with depreciation being charged based on the useful economic life of the asset. The trustees review the carrying value of the property on an annual basis, in light of the condition of the property and the operating performance of the nursery.

3 Donations and legacies

Unrestricted Total
funds
2022 2021
£ £
Donatons and gifs 1,394 6,325
Total 2021 £ 819,504 597,557 250,946 12,664 144,912 1,825,583 1,613,514 212,069 1,825,583 1,613,514 212,069 1,825,583
Total 2022 £ 1,015,148 608,854 142,676 25,022 1,781 1,793,481 1,701,804 91,677 1,793,481
Core support 2022 £ - - - 6,672 - 6,672 6,672 - 6,672 17,765 148,818 166,583
C&YP actvites 2022 £ - 210,649 39,180 - - 249,829 220,649 29,180 249,829 211,173 33,300 244,473
Youth, Sport and Play 2022 £ - 398,205 103,496 13,766 - 515,467 452,970 62,497 515,467 448,577 29,951 478,528
Childcare 2022 £ 1,015,148 - - 4,584 1,781 1,021,513 1,021,513 - 1,021,513 935,999 - 935,999
Charitable actvites Childcare Commissioning services Grants Commercial income Other income Analysis by fund Unrestricted funds Restricted funds For the year ended 31 March 2021 Unrestricted funds Restricted funds
4
Total 2022 £ 34,499 3,780 19,410 13,242 - - - 15,938 55,807 142,676
Core support 2022 £ - - - - - - - - - -
C&YP actvites 2022 £ - - - 13,242 - - - 15,938 10,000 39,180
Youth, Sport and Play 2022 £ 34,499 3,780 19,410 - - - - - 45,807 103,496
Charitable actvites Childcare 2022 £ Grants Received included in the above are as follows: Whats Your Game
-		 Youth in Nature
-		 Youth Dynamix
-		 The Sylvia Adams Charitable Trust
-		 Julia & Hans
-		 Power to Change
-		 Natonal Lotery
-		 Ernest Cook
-		 Other grants
-		 -
4

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

5 Other trading activities

Unrestricted Total
funds
2022 2021
£ £
Fundraising events - 1,490

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

Childcare
Youth, Sport
and Play
2022
2022
£
£
Staf costs
648,093
272,096
Depreciaton and
impairment
1,013
2,580
Rent of building
60,647
3,000
Rates and water
1,645
2,354
Insurance
536
1,486
Light and heat
9,349
7,699
Telephone and internet
3,945
2,574
Postage and statonery
5,229
2,666
Sundries
(348)
1,193
Food
9,808
2,865
Equipment
-
214
Computer expenses
2,502
720
Repairs and renewals
5,356
8,618
Cleaning and refuse
14,284
12,664
Training
35,672
-
Courses and conferences
2,865
1,569
Other charitable
expenditure
16,828
66,873
817,424
389,171
Share of support costs (see
note 7)
660
13,044
818,084
402,215
Analysis by fund
Unrestricted funds
818,084
343,033
Restricted funds
-
59,182
818,084
402,215
For the year ended 31 March 2021
Unrestricted funds
711,503
351,584
Restricted funds
-
42,674
711,503
394,258		 Childcare
Youth, Sport
and Play
2022
2022
£
£
Staf costs
648,093
272,096
Depreciaton and
impairment
1,013
2,580
Rent of building
60,647
3,000
Rates and water
1,645
2,354
Insurance
536
1,486
Light and heat
9,349
7,699
Telephone and internet
3,945
2,574
Postage and statonery
5,229
2,666
Sundries
(348)
1,193
Food
9,808
2,865
Equipment
-
214
Computer expenses
2,502
720
Repairs and renewals
5,356
8,618
Cleaning and refuse
14,284
12,664
Training
35,672
-
Courses and conferences
2,865
1,569
Other charitable
expenditure
16,828
66,873
817,424
389,171
Share of support costs (see
note 7)
660
13,044
818,084
402,215
Analysis by fund
Unrestricted funds
818,084
343,033
Restricted funds
-
59,182
818,084
402,215
For the year ended 31 March 2021
Unrestricted funds
711,503
351,584
Restricted funds
-
42,674
711,503
394,258		 C&YP
actvites
Core support
2022
2022
£
£
148,355
194,421
4,442
26,101
-
-
2,733
-
1,361
7,127
6,414
-
5,771
300
6,795
1,169
96
8,891
-
-
-
-
-
20,389
15,167
4,038
24,033
-
-
-
2,897
-
9,718
4,385
227,782
266,821
-
14,998
227,782
281,819
194,796
281,819
32,986
-
227,782
281,819
182,331
172,194
35,049
148,387
217,380
320,581		 Total
2022
£
1,262,965
34,136
63,647
6,732
10,510
23,462
12,590
15,859
9,832
12,673
214
23,611
33,179
50,981
35,672
7,331
97,804
1,701,198
28,702
1,729,900
1,637,732
92,168
1,729,900		 Total
2021
£
1,234,991
43,748
43,061
3,767
10,987
22,096
13,079
12,988
12,186
7,049
723
39,377
38,862
47,344
-
2,842
93,291
2022
£
272,096
2,580
3,000
2,354
1,486
7,699
2,574
2,666
1,193
2,865
214
720
8,618
12,664
-
1,569
66,873
389,171
13,044
402,215
343,033
59,182
402,215
351,584
42,674
394,258
1,626,391
17,331
1,643,722
1,417,612
226,110
1,643,722
1,417,612
226,110
1,643,722

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7
Support costs
Support
costs
Governance
costs
2022
£
£
£
Auditors remuneraton
-
6,336
6,336
Legal and professional fees
8,662
-
8,662
Management and administraton
660
-
660
9,322
6,336
15,658
Analysed between
Charitable actvites
9,322
6,336
28,702
8
Net movement in funds
2022
£
Net movement in funds is stated afer charging/(creditng)
Fees payable to the company's auditor for the audit of the company's
fnancial statements
6,336
Depreciaton of owned tangible fxed assets
34,136
Fees payable to the company's auditor for payroll services
2,160
Operatng lease charges
45,575		 2021
£
4,724
1,181
11,426
17,331
17,331
2021
£
4,724
43,748
2,160
46,637

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10 Employees

Number of employees

The average monthly number of employees during the year was:

Administraton
Managers
Other
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
10
9
51
70
2022
£
1,146,196
77,438
39,331
1,262,965		 2021
Number
10
9
58
77
2021
£
1,128,495
73,925
32,571
1,234,991

There were no employees whose annual remuneration was £60,000 or more.

Key management personnel salaries

Key management personnel salaries
Wages and salaries
Social security costs
Other pension costs		 2022
£
158,593
17,007
5,161
180,761		 2021
£
155,763
16,653
4,163
176,579

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11 Financing costs

Unrestricted
funds
2022
Mortgage interest
18,375
18,375		 Total
2021
£
16,875
16,875

12 Tangible fixed assets

Freehold land
and buildings
Leasehold land
and buildings
£
£
Cost
At 1 April 2021
351,480
394,114
At 31 March 2022
351,480
394,114
Depreciaton and impairment
At 1 April 2021
28,127
49,154
Depreciaton charged in the year
7,032
17,144
At 31 March 2022
35,159
66,298
Carrying amount
At 31 March 2022
316,321
327,816
At 31 March 2021
323,352
344,960		 Fixtures and
ftngs
Motor vehicles
£
£
302,029
38,426
302,029
38,426
269,569
36,193
9,401
559
278,970
36,752
23,059
1,674
32,461
2,233		 Total
£
1,086,049
1,086,049
383,043
34,136
417,179
668,870
703,006

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13
Fixed asset investments
Cost or valuaton
At 1 April 2021 & 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
Other investments comprise:
Notes
Investments in subsidiaries
22
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Other
investments
10
10
10
2022
2021
£
£
10
10
2022
2021
£
£
21,095
23,283
2,002
3,143
23,097
26,426		 Other
investments
10
10
10
2022
2021
£
£
10
10
2022
2021
£
£
21,095
23,283
2,002
3,143
23,097
26,426
10
10
2021
£
10
2021
£
23,283
3,143
26,426

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

15
Loans and overdrafs
2022
£
Bank loans
233,218
Payable within one year
5,908
Payable afer one year
227,310
Amounts included above which fall due afer fve years:
Payable by instalments
199,090
The loan is secured against the property and is repayable over 25 years at an interest rate of 7%.
16
Creditors: amounts falling due within one year
2022
Notes
£
Bank loans
15
5,908
Other creditors
5,114
Accruals and deferred income
79,528
90,550
17
Creditors: amounts falling due afer more than one year
2022
Notes
£
Bank loans
15
227,310		 2022
£
233,218
5,908
227,310
199,090		 2021
£
238,728
5,510
233,218
206,900
2022
£
5,908
5,114
79,528
90,550
2022
£
227,310		 2021
£
5,510
4,602
227,298
237,410
2021
£
233,218

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at
1 April 2021 resources expended 31 March 2022
£ £ £ £
Sleep Easy 2,748 - - 2,748
Children in Need 2,978 - - 2,978
Henry Smith Fund 44 22,637 (22,681) -
Hut + 35,199 - (2,152) 33,047
The Sylvia Adams Charitable Trust 6,445 13,242 (19,687) -
Whats Your Game 264 34,499 (28,411) 6,352
Postcode Community Trust 3,563 - (2,867) 696
Natonal Lotery Grant - 5,361 - 5,361
Ernest Cook 432 15,938 (16,370) -
51,673 91,677 (92,168) 51,182

Sleep Easy - This is a YMCA led annual fundraising event. It takes place during the last weekend in January each year when volunteers sleep rough for one night in makeshift dens and raise funds through sponsorship. Child Dynamix has partnered with YMCA Grimsby for the past 5 years and has received funding that supports young people facing homelessness.

Children in Need - This was a Play Project working with children over 5. A team of 3 play workers delivered sessions in communities around East Hull. The project promoted the importance of free play and the positive impact it has on Children’s health and wellbeing. This project ended November 19 and it was agreed with CIN in March 2020 to deliver additional sessions with the underspend in 2020/21. Due to the pandemic, these sessions have not taken place yet.

Henry Smith Fund - This is funding enabling us to continue our ‘Bump to Baby and Beyond’ project that supports families at the very earliest opportunity engaging with parents in the third trimester of pregnancy. The project offers intensive support to ensure parents are well prepared for their parenting journey.

Hut+ - This is funding obtained to extend and refurbish our youth centre on the Preston Road Estate.

Sylvia Adams - This is our ‘Bump to Baby and Beyond’ project that supports families at the very earliest opportunity through engaging with parents in the third trimester of pregnancy. The project offers intensive support to ensure parents are well prepared for their parenting journey.

Whats Your Game - We deliver this project as a partner to Sanctuary Housing who secured the funding through Sport England Families Fund. The Community Facilitator works within the Sanctuary Housing area engaging and supporting families and the general community to become more physically active.

Postcode Community Trust - This funding provides community based physical activity classes. Classes include Clubbercise, Parent and Tots Dance and Early Years Gymnastics.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted funds

(Continued)

The National Lottery Coronavirus Community Support - This fund allowed us to purchase equipment for long term working from home arrangements, develop our website and online presence, production of online parenting courses, cycles, part fund salaries in response to increase in demand and core posts at risk. It also allowed us to invest in a web based HR software system and IT equipment. This fund enabled us to adapt our ways of working to continue to meet the needs of our service users at the time and in the future.

Ernest Cook - Ernest Cook has funded our Green Influencers Project for two years, commencing December 2020. The Green Influencers scheme encourages young people aged 10 – 14 years old across Hull to create meaningful connections with their natural environment and implement long-lasting change in their communities. This project is running across the city in local schools and youth centres, the project creates the opportunity to work with and learn from Green Influencers locally and across the country.

19 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Restricted Total Total
2022 2022 2022 2021
£ £ £ £
Fund balances at 31 March 2022 are
represented by:
Tangible assets 602,358 66,512 668,870 703,006
Investments 10 - 10 10
Bank balances 478,778 20,724 499,502 204,797
Other current assets/(liabilites) (31,399) (36,054) (67,453) (32,447)
Long term liabilites (227,310) - (227,310) (243,900)
822,437 51,182 873,619 631,466

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

20 Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and fve years
In over fve years		 2022
£
36,575
18,575
30,000
85,150		 2021
£
36,575
48,575
45,575
130,725

21 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

22 Subsidiaries

Details of the charitable company's subsidiaries at 31 March 2022 are as follows:

Name of undertaking Registered Nature of business Class of % Held
ofce shares held Direct Indirect
Child Dynamix Trading 95 Preston Road,
Sale of donated goods		 Ordinary 100.00
Limited Hull, East
Yorkshire, HU9
3QB

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Proft/(Loss) Capital and
Reserves
£ £
Child Dynamix Trading
Limited - (25,944)

The intention is that the subsidiary gift aids its profits to the charity. To date, the subsidiary has suffered losses and has not made any gift aid payments to the charity.

The results of the subsidiary are not consolidated within these financial statements as the subsidiary is dormant and the results are considered to be immaterial.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

23 Cash generated from operatons 2022 2021
£ £
Surplus for the year 46,600 172,801
Adjustments for:
Depreciaton and impairment of tangible fxed assets 34,136 43,748
Movements in working capital:
Decrease/(increase) in debtors 3,329 (4,150)
(Decrease) in creditors (147,258) (52,130)
Cash (absorbed by)/generated from operatons (63,193) 160,269
24 Analysis of changes in net funds
At 1 April 2021 Cash fows At 31 March 2022
£ £ £
Cash at bank and in hand 568,205 (68,703) 499,502
Loans falling due within one year (5,510) (398) (5,908)
Loans falling due afer more than one year (233,218) 5,908 (227,310)
329,477 (63,193) 266,284