2023-03-31-accounts

Pre-school High qualrty edL**ion & ehildeare for eaeh individual ehild ANNUAL REPORT 2022-2023

OUR VISION

PROVIDE HIGH QUALITY EARLY EDUCATION AND CHILDCARE FOR EACH INDIVIDUAL CHILD

OUR PROMISE

• To provide a welcoming, homely, caring and personalised service.

• To continue to deliver the Early Years Foundation Stage curriculum that effectively supports children’s learning and development.

• To welcome and respect different cultures and languages, and to embrace the positive contributions diversity makes to the development of each child.

• To deliver a quality service that exceeds Ofsted standards.

• To provide a professional service that is inclusive, affordable and accessible to all. To ensure your child has lots of fun.

• To provide a safe and secure environment

BWRC WATOTO PRESCHOOL

Watoto Preschool was founded by parent carers for parent carers.

Building strong relationships with our parents / carers is essential to the way we do things. We aim to be the best early education & childcare provider locally in area.

Watoto Preschools’ mission is to provide ’High Quality Education for Each Individual Child’.

Watoto Preschool’s provide 56 FTE early education and childcare places for children aged 6 months to 5 years We are open Monday – Friday between 8am - 6pm weekdays.

We are a registered charity overseen by a Board of Trustees who whole heartily support the preschool leadership team to deliver ‘high quality early education and childcare for each individual child’ that attends the preschool.

Being an incorporated charity. This means that the organisation is both a charity and a legal entity. The trustees are jointly responsible for the effective running of the charity and making decisions regarding its management to further its charitable purposes. The trustees have an overriding duty to act lawfully and in the best interests of the charity.

The Board of Trustees of Watoto PreSchool has overall responsibility for the management of the preschool to ensure children thrive, feel safe and secure in a stimulating and happy environment. Since 2008 we have been in a beautifully designed purpose-built building with exceptional outdoor play and garden areas for our exclusive use.

Watoto Pre-school was last inspected by Ofsted in December 22 we maintained the GOOD rating.

Check out our website for more details about the preschool www.watotopreschool.org.uk .

CHAIRPERSON’S STATEMENT

We ended 2022 on a high, following our inspection on 14 December 2022, we continue to remain a ‘GOOD’ preschool. We are so proud of the report and feel it reflects all the hard work we have put in to raise expectations, work with the parent / carers and provide our children with an excellent standard of early education and childcare.

The report demonstrates how the teaching and learning supports our children ‘’for the next stage in their learning, including starting school. For example, children learn to be confident, creative, and curious. They are keen and able to explore the world around them, and to express their ideas and understanding’’.

As always, we would like to thank our managers and the staff team who have all worked so hard during the past year. Their commitment and fortitude have been exemplary, and they have again gone that extra mile for the benefit of all our children. Continuing our thanks we must not forget all the individuals and organisations that have contributed to Watoto Preschool being the success it is today.

The past year the board has been diligently focused on routine tasks such as revising preschool policies, analysing the occupancy and performance data, managing preschool finances, overseeing staffing, and maintaining the preschool building. These efforts have ensured that our children receive the best possible education and childcare in a safe and nurturing environment.

I am proud to be associated with Watoto Pre-School and thankful to the entire preschool community for their commitment to excellence.

SUMMARY OVERVIEW

In the last 3 years we have seen a steady increase in the number of children taking up places at Watoto Preschool, particularly under 2s.

Since 2017 the preschool finances have gone from a deficit to being in the black as a result of tighter control and robust planning, budgeting and monitoring.

MANAGER’S STATEMENT

Our latest OFSTED inspection, and the report reflected the collective dedication of our staff, children, and parent/carers whose active participation during the inspection was greatly appreciated.

Links between parents and school are vitally important to us. We encourage an open flow of communication between school and home so that parents really feel in touch with their child’s development and part of the school community.

Ofsted rated the preschool ‘GOOD’ stating:

‘’Children are very happy and engaged in this warm and welcoming pre-school. Staff work closely with parents from the beginning to ensure that children settle quickly and make a very positive start to their learning.

Children, including those with special educational needs and/or disabilities (SEND), make good progress overall in all aspects of their development. They are well prepared for the next stage in their learning, including starting school. For example, children learn to be confident, creative and curious. They are keen and able to explore the world around them, and to express their ideas and understanding. Children feel safe and well cared for. They behave well and follow daily routines.

Children learn to make decisions and develop their own play. For instance, they work together to choose different musical instruments, such as piano and percussion, to accompany their tuneful Christmas singing. Children learn to be polite and considerate towards each other. For instance, they take time to help each other serve and share food at snack and party mealtimes. The manager and her staff have high expectations for every child to gain the most from their time in the pre-school.

routinely enter the classrooms but wait at the door. Staff ensure that the maintain frequent high levels of communication to sustain children's learning and progress throughout this time’’.

Ofsted Report published 2023

KEY CHALLENGES 22 - 23

Cost of living Increases

• Major hike in utility costs.

Staff recruitment & retention

Building maintenance Building Security – video surveillance / building alarm Cyber security – information security and data management

ACHIEVEMENTS 22 - 23

Targets

Action

Outcomes

Look to do a series of Ofsted walks throughs in preparation of the expected Ofsted inspection

a) Staff introduced to and or remined how an OFSTED inspection is conducted and reinforcing it should be approached as just another day.

Maintain robust high-quality assurance

b) The actual OFSTED inspection tool place in Dec 22; Preschool rated GOOD.

a) The preschool was reawarded the Sheffield Healthy Early Years Award

Sheffield Healthy Early Years Award

a) 4 x Apprentices successfully completed (2 x Level 3 and x Level 2) Early Years Practitioner qualifications 2 with distinctions.

Continue to provide opportunities for staff to build on their knowledge and early years practises.

b) 5 inset training days held covering several topics Ie Safeguarding / In the Moment Planning etc

ACHIEVEMENTS 22 - 23

Targets

Action

Outcomes

LIdentify specific working with babies training for practitioner to refresh and update current practice.

a) 1 x staff member completed a working with babies' qualification.

Deputy manager to undertake a level 3 qualification in Special Educational Needs Coordination in early years

a)Deputy Manager successfully completed the Early Years SENCO award

aReview approach to staff Continuous Professional Development.

a)Currently embedding the review outcome.

·Peer observations

• ·Lead by example

Review the roles within the leadership team including the senior practitioner role.

a)3 x senior room leaders in place.

b)Deputy’s responsibilities revised.

ACHIEVEMENTS 22 - 23

Targets

Action

Outcomes

a)Implement a recruitment drive

Successful Staff Recruitment & Retention

a)The end of March 23 2 vacancies subject to references & DBS checks. b)2 staff members promoted from within to senior positions.

a)Introduction more robust succession planning.

a)Reviewed staff benefits ..

c) Linked to Staff Wellbeing below:

Staff Wellbeing… continue to priorities staff wellbeing by tackling the potential causes of work-related mental health problems. And supporting staff who are experiencing mental health problems caused by external factor.

a) Staff have welcomed the scheme.

a) Introduction of a health plan scheme for staff who have completed a year with the preschool.

b) Has allowed staff to focus on training, resources making, catching up on what’s happening in the sector etc.

b) Reviewed and embed consistent staff timeout

aa)Held 3 Stay and Chat sessions in partnership with Local NHS health visitor’s topic covered included: Toilet Training / Healthy eating / Oral Hygiene. b)Held an Eid picnic in the preschool gardens

Provide Services to meet demand

Work with our Parent Carers to support their children’s all-round development

ACHIEVEMENTS 22 - 23

Targets

Action

Outcomes

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Fund raising
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a)2022 Graduation & Family fun day raised £320.

Planning of fund raising activities.

b)In July our partnership with Hallam Cash for Kids allowed the preschool to secure a £35 gift voucher for 47 eligible parent carers to help food and the basic essential

KEY TARGETS 23 - 24

Topic

Outcome

Target

Managament Systems

Fully implement working with Microsoft TEAMS

Everyone online and fully aware of where tasks actions projects are. The status of everything is now live.

Greater connectivity.

Reducing time wasting / saving can be spent on other project.

Iron out data quality issues identified this year.

Fully implement working with Microsoft TEAMS

Extend the life of the washroom areas. Simpler to keep clean and maintain. More eco friendly.

Upgrade bathroom areas

Building

Update classroom / office décor.

KEY TARGETS 23 - 24

Topic

Outcome

Target

Staffing Team

Revise staff Salary Structure

Align better with experiences and qualification.

Allows the preschool to be more competitive within the childcare sector.

Support staff continuous professional development

Upskill managements leadership skills.

Maintain the preschool apprenticeship programme.

Charity re￿$tratiOn number 1121786 Company registration numbew 05876594 {England abKI Wales) BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACTZMF35 0410112024 COMPANIES HOUSE

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BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Management Committee J 8rown A Wallen N Cardwell Mr G Wilson S McFadane Charity number 1121786 Com￿nY number 05876594 Re¢lstered offi Watoto Prtrschool 139 Catherine Road Sheffield 54 7HJ Irhlependent examiner Shaik Shukur FCCA Aziz Accountants I 130 First floor Ilford laThe Ilford IGI ZLE ankers Lloyd5 TS8 Uank Hc P.0. Box 85 14 Church Street Sheffield South Yor*shire SI IHP

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL CONTENTS Committee Members. report Independent examinerfs report Statement of financial artivilies Balance sheet Notes tothe fjnanual ststernents 6-13

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL COMMITTEE MEMBERS. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The managemeni committee present their annual report and ffinancial statements for theyear ended 31 March 2023. The finantial st¥ternent5 have been prepared in ￿(ordance wth ihe accounting policies set out in note I to the financial statements and comply ￿th the charity's Memoranduvn of A550Uation. the Companies Art 2006 and 'A¢counting Reportin8 by Ch4rities." Statement of Recommended Practice appI￿able to charitie5 preparing their accoufits in accordance with the Financial Reporting Standard applicable tn the UK and Republic of Ireland IFRS 1021 leffedwe l January 20191" Objedive5and activities The charity's objert5 are.. il To advance the education and prn￿de safe and stimulating Ca￿ of 311 child¥en between the ages of six months and ftve years, in particular those livinE in the 8umgreave and adjacent areas of the City of Sheffield 1.the area of benefit'l and who are frtsm minority ethnic backgrounds, and to adw4nce the education of those responsib￿ for their day to day care. without distinction of gender, race. disability, sexuality, social class. reli8tous belf or political belief." arsd 21 In the pyrsuante of the above objective. to establish. rnaintsin and manage a localty controlled community childcare ¢Entre. providing care and educztion aimed particular￿ at children from the area of benefit. and training primarily in child£are and personal developrnent skills aimed parti£vlarfy at adults. students and school pupi15 from the area of benefit. The aims ofthe charty aTe: 11 To provide a high quality nursery education and child(are seNce for thildren aged months to five years to ersure they have a sure start in readinessfor school. 21 To provide a service that enables parents and carer5 to take up eduCat￿nal training and employrntnt opportunities in order to £ontribute to the social and etonornic regeneration of Bumgreave. 31 To provide a prolessional, culturally appropriate servKe that is affo*dable and inclusi¥e of all. 41 To encourage Staff. s￿dents and school pupi15 to develop and advance their skills, qualifications and understanding within the nursery education and childcare sector_ 5170 work in partnership with oiher local and citywide a8encre5 to good prauice and to contribute to the strategic direction of nursery education and £hildcare serwces in 8urnKreave. The management committee have paid due ￿gar￿ to guidance issued by the Charity Commission in deciding what activities the charity 5houlé undertake. In particular, the Tru5tee5 consider how planned activities wi11 contribute to the aims and objectives that have been set and ensure servites continue io be of benefft to the general public. A¢hle¥emerts •nd ptrftym•n¢e Financr31 review The managemeni committee have established a policy where the unrestritted funds not committed or invested in tangible fixed assets I'the free reseTve5"1 held by rhe School should strive to be fepresented by six month5 of the resource5 expended. with a rninimurn balance of £SO.IX¥) in general funds. Thi5 would enable the khool tLI continue operating at the same level of activities in the event of either a significant drop in funding or major building repairs becomin8 iffjperative, allowing tirne for alternative funding to be secured. At 31 March 2023. the free reserves were sufficient to meet niThe weeks, expenditure. The management tomrnirtee have continued to reorganise and streamlinè 311 pro£esses of ihe School. This hès involved optimisin8 Staffing levels, strengthening exityn8 bud8etary controLs and introducing mana8ernent processes to ensure the lon8-term hnancial wability of the School. management cornmittee consider ihat it Is appropriale for the ftJn(15 of the Centre to be retained in the School's bank atcount io meet the daity wuirements ol the Sthool's expenditu￿. The members of the committee do not consider there are funds in excess of rhe daily requirements for inveYme￿. Page I

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL COMMITTEE MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The manaEÈmÈnt committee have assessed the major risk5 to which the charity 15 exposed. and is satisfied that system5 are in place to mitigate exposure io the rnajor risks. Structure• govemance and manageme The Black Women's Resource Centre Watoto Prè-sthool was established on 14 July 2(M)6 under a Memorandum ol Association and is Bo¥erned undef its Articles of Association. as amended by special resolution dated l? L1ctober 2007. The charity is a company lirnited by guarantee and member of the company is requirets to contribuie an amouni not exceeding £1 should ihe company be wound yp while they a￿ a membet. or within one year afterthey cease to be a member. The members of ihe management committee. all of whom are also the directors lor the purpose of compaThy law. and who served éuring the year and up to the date of signaiure of the financial statements were". J Brown A Wallen N Cardwell S McF8rlane G Wilson Any person qualified and vAshing to becorne a trustee must be aged 18 years or ovei and rnust either be recommended by the Trvstees or be nominated for election by a rnember of the Charity. A ftomination for ele¢tion frtsm a member must be signed by that member and by ihe ￿r$On being nominated, and it must be lodged with the Secretary not less than 7 not more than 28 clear days before the date of the AGM. The trustee5 when complete consist of-. 11 the Officers of the charity (Chairperson. Wicelhairperson. secretary and Treasurer) eleaed at tach AGM 21 up to 2 iepresenratives of member organisations eletted at eath AGM 31 to 3 individual rnember5 elected at each AGM 41 up to 3 individuals Iwho need not be members of the charrtyl ¢ts￿pted bythe tnJstee5 The Tiustees must hold a minimum of two medings per year. but othevise tan arrange and hold their meetings as they see fit. 11 appropriate. meetings rnay be held by electronic means. The dav-to-dav runninR of the charitv is deleRated to the manaRer. It IS the policy of the management committee to appoint trustees from parent5 of children who attend the nursery which is run by the School. A5 a result they will be familiar already with various documents relatin8 10 the history and aims of the Black Women's Resourte Centre Watoto Prè-school. togÈther wtth a number ol policy documents covering the day-to-day running of the school. They will have attended the ￿gular meetings of the rnanagement committee during which the business arLd finances of the School will have been discussed in detail, together with the managerrni comrnitree's role. responsibility and obli8ations_ Every trustee must sign a declaration of willingness io act a5 a trustee of the charity before they are eligible to vote at any meetinR of the Trustee5. J Brown Directtsr Dated.. 22 November 2023 G Wtls Oirettor Dated..22 November 2023 P8ge 2

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL INDEPENDENT EXAM114ER'S REPORT TO THE MANAGEMENT COMMITtEE OF BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHtX I report to the rnana8ernent committee on my examination of the financial statements of elack Wornen'5 Resource Centre Watoto Pr￿SCho￿ Ithe ¢harityl forthe year ended 31 March 2023. Responsibilities and bags of report As the management comrnittee ol the charity land also its direttors for the purposes of ¢ompany lawl you are responsible for the preparation of the financial statement5 in aCCOTdance WFth the requirements of the Companies Act 2006 Ithe 2CQ6 Actl. Having satisfied mysew that the financial #atements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, report in respect of my examinarion of the charity's financial staternents carried out under section 145 of the Charities Act 2011 Ithe 2011 Artl. In carrying out rny examination I have followed all the applicable Oirertton5 given by the Charity Comrnission under section 14SISllbl of the 2011 Act. Independent exarnineT'sststernent I have completed my exarnination. I confirrn that no matters ha¥e torne to my attention in connettion with the examination 8ivin8 me cause to believe thal in any material ￿$pert= accwnting records were r￿t kept in respett of the charity as required by section 386 of the 2(1)6 Act.. or the financial statements do not accord with those records., or the financial ststernents do not tornply with the accounting requirements of sertion 396 of the 2Q)6 Att Other than anv quirement that the accounts give a true and fair ¥iew which is a Matter ￿NsIdered as part of an Independent examination,. ¢r the financial staternent5 have not been prepa￿ in accordance vfvth the methods and principles of the Statement ol Recommended Pra¢ti¢e foT accounting and reporting by charities applicable to charitie5 preparirsg their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and RepU￿1COf Ireland IFRS 1021. I have no concerns and have corne across no other maner5 in connection with the examination to which attention should be drawn in this report in order io enable a proper uThder5tanding ot the financial statements to be leached. Shaik Shukur FCCA Independent Exarniner Chartered Certifieé Accounrant Aziz Accountants Ltd 130 First floor Ilford Lane Ilfrjr IGI 2LE Dated.. 22 Novernber 2023 P¥ge 3

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestritted Restricted funds luN15 2023 2023 UnrestrKted RestrÉued funds fvnds 2022 2022 Income from: Government £Tants Charitsble activities Investments Note5 4,020 268.416 248,660 Total income 272.445 248,660 enditure on.. Charitable Zctivities 266.306 237.360 Net income for the yearl Net movement in lund5 6.139 11,3tyJ Fund balances at l April 2022 42.802 31,502 Fund balancu at 31 March 2023 48.941 42.802 The statement of financial aCt￿ltIeS includes all gains and losses iecognised in the year. All income and expendilure derive from continuing actI￿￿e$. The statement of financial actNlties also Compl￿ with the fequirement5 for an income and expendrture account under the Companies Act 2c￿. Pagt 4

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL BALANCE SHEET AS A T31 MARCH 2023 zozj 2022 Notes Fl¥èd assets TanBible a55et5 12.6 5.273 Curyert assets Debtors Cash at bank and in hand li 10.161 29.981 40.142 38,584 42,418 Credhots: amountslallint due within one year 12 3.891 4.889 Net (urrent assets 36.251 37,529 Total assets less current liabilltSes Income fvnds Vnresiricted funds 48,941 48.941 42.802 The ttjrnpary is entitled to the exemption from the audit requirernent contained in seclson 477 of the Companies Act 2CQ6. for the year ended 31 March 2023. The directors acknowledge thLyr respon5ibilitie5 for corn￿￿7ng wtth the requirements of the Companies Att 2006 wilh ￿pect to ac¢ountin8 records and the p￿paratiON of financial statements. The members hève Not ￿qUired the company to obtain an audit of its finantial statements for the year in question in attoriknce wrth sertion 476. These financial staternent5 have been prepared in ￿COrdanCe with the pro￿$￿Tr5 applirable lo cornpanies subjert to the small companie5 regime. The financial Statementswe￿ approved bythe Management Committee on 22 November 2023 J Brown Trustee G Wilson T￿￿tee Company regi5tTatTon nwnber05876594 Pa8e 5

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 l Accountlng pohdes Charity irtlormation Black Women's Resource Centre Watoto Pre-school 15 a private company limited by guarantee iTrcorporated in England and Wales. The registered office is Watoto Pre-school. 139 Catherine Road, Sheffield. S4 7HJ. 1.1 Accourrting (onvention The financial statements ha¥e been prepared tn accordan￿ with the tharity's Memorandum and Articles of Association. the Companies Aa 2(*)6, FRS 102 The Financial Reporting Standard applicable in the UK and Republ￿ of Ireland- I-FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities". Statement of Recornrnended Practice applicable io charities preparing their accoynts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire￿nd IFRS 1021" leffective l January 20191. The tharity is a Public 8enefit Entity 5 defined by FRS 102. The chèrity hastaken advantage of the provisions in the SORP for charitie5 not to prepare a Statement of Cash Fk>ws. The financial statements are prepared in sterJin& which is the functional currenry of the charity. Monetary am¢xJnts in these financial statements are rovndetl to the nearest £. The financial stsrements have been prepared tsnder the historical coy ctMvention. The prin£ipal accounting policies adopted are set out below. 1.2 Going concerh At the time ¢>f approving the financial statement5. the management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the management committee continue to adopt the 8oiTh4 concern basis of accounting tn preparing the financial statements. 1.3 Ch•rit•blt fund5 Unrestricted funds are available for use at the disuetion of the management committee in furtherance of their charitable objectives. Restritted funds are subiert to specrfic conditions by donors as to how they may be used. The puryx)ses and uses of the ¥estricted funds a￿ S￿ out in the notes to the financial staternents. IA IrKorne Income is retognised when the charity is legalty entitled to it after any performance Conditsons have been met, the amounts can be measured rdiably, and it is probable that income will be received_ Donated facilit￿$ and servr¢es ère included at the value io the School where this can be quantified. The valve of services provided b¥ volunteers ha5 riot been induded in these accounts. Grant5, where entitlement Is not ¢onditional t)n the delivery of a specific performance by the School. are recogni5ed when the School becornes unionditionally entitled to the 8rant. Granis related to performance and specifK delsverables. are accounted for as the School eam5 Ihe right to consideration by its perfwmaTrce. Where incomin8 resources have related expenditure las with fundrai￿￿81. the inwrning resources and related expendittsre are reported gross rn the SOFA. 8ènk interest is recognised when bt is credited to the account. 1.5 Empenditure Liabilities are recognised 35 soon a5 there isa legal or conttructive otAitation to pay out resOur￿s. Pa8¢ 6

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting poll¢ies Expenditure is recoEnised on an accruals basis. Charitable expenditure comprises those costs incurred by the School in the delivery of its activitie5 and 5eryices for its beneficiaries. It includes costs thai can be allocatsd dbrectly to such activities and those costs ol an indirect nature nece55ary to SUPPOrt them. Redundarscy costs are recognised in ihe period in which they are agreed. Governance costs includeé the iosts of preparation and examinotion of the S￿lUtOry accounts. the ¢ost of trustee meeting5 and the cost of any legal advice io trusteeson 8ovemance or constitutional matters. (Continued) 1.6 Tanyble fixed assets T3n8ible fixed assets are initially measured at cost and subsequentfy measured at cost or valtsation, net of depreciation and any impairment losses. Items of equipment are only opitalised where the PLtrchase price exceeds £I.000 and they can be used for more than one year. Depreciation 15 recognised so as to write off the cost or valUat￿n ol assets less their residual values over their useful lives on the lollowing bases-. Fixfures and fittin8S 25% on written down value The gain ¢r ltsss arising on the disposal ol an asset is determined •$ the differente btheen the Sa￿ proteeds and the carrying valtse of the asset. is recognised in the statement of financial actNities. 1.7 Impairrnent of fixed assets At each reporting end dale. ihe charity reviews the carrwng amounts of its tangible a5set5 to determine whether there is any indication that those as5et5 have suffered an impairment 105s. If any such indication exists, the recoverable amount of the asset is estirnated in order io determine the exteTrt of the impairrnent loss lif anvl. 1.8 Cash and ¢a$h equl¥alents Cash and cash equivalents include cash in hand. depDYts hekl at call with banks. other short-temi liquid investments with oriEinal maturities of three m(￿th$ OT less. and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabilities. 1.9 Financial instruments The charity has elected to apply the prowsion5 of Section 11 'Basic Financial lftstnjments, and Section 12 'Other Financial Instrurnent5 155ues' of FRS 102 to all of its financial instrurnents. Financial instruments are recognised in the charity's b3￿nCe sheet when the charity becornes party to the contrauual provision5 of the instrurnent. Fin3ncial asseis and liabilities are offset. with ihe net amounts presenied ifi the financial statements. when there 15 3 legally enforceable right to sei off the recognised amounts and there is an intention to settle OTh a net basis or to reali5e the a55et and seitle the liabiliry 5imvllaneou*. 605icfingnciolossets 8asic financial assets. which include debtor5 and cash and bank balances. a￿ iff ilially measured at transaction price in¢ludinB transaction costs and are subsequently carried at a[￿rtised cost using the effertive interest method unless the arranEernent constitutes a financing transaction. where the transttrtion is measured at the present value of the future reteipts discounted at a market rate of interest. Finaneial assets classified as receivable within tsTre vear are not amortised. Pag¢ 7

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A<coyntlng policies Icontinuedl Bosi¢fin•n¢iol liobilitie5 Basic financial liabilities. including (￿dItorS and bank loans are Initial￿ recognised at transaction price unless the arrangement constitutes a financing transaction. where the ¢Jebt instrument is rneasured ai the present valtse of the future payments dixounte(13t a market rate of interest. Financial liabilities classified as payable within one year are not amort15ed. Debt instruments are subsequently carried at 3mortised c05t. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in ihe ordinary course of operations from suppliers. ArnouThts paYa￿e are classified as current liabilities if payment 15 due within one year or le55. If noi. they are presenteé as non-curreni liabililies. Trade creditors are recognised initially at transattion price and subsequently measured at arnortised cost using the effettive interest method. Derecognltlon Ofjlnonciollio￿￿knes Fin3ncial liabilitie5 are derecognised when the charl￿5 contrattual obligatKJns expire or are discharged or cancelled. 1.10 Taxation The charity is not liable to income or capitsl Bains tax on its (haritable aaivities. Irrecoverable VAT is included in the as5¢t cost or expense to which il ￿ate 1.11 Employee benefrts The cost ol any unused holidav eniitlement ￿ reco8ni5ed in the period in which the employe￿$ service5 are received. Termination benefits are recognised irnrneéiately as an expense when the charty t5 dernon5tfably commirted to terminate the employment of ars employee or to provth terminètbon benefits. 1.12 Retirernent benefrts Payments to defined contribution reliremefit benefit 5cherne5 are charEed as an expense as they fall due. Crfll¢al accourrting e5tim*e5and judgemen In the application ol the charitys accounting polKies. the management committee are required to make judgements, estimates and assumoions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estirnates and associated assumptitsns are based on historical experience and other fartors that are considered to be relevant. Attual results may differ from these estirnates. The esiimates and underlying assumptions are re￿eWed on an onBoiThg b8515. Revi5ion5 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 whele the re￿$lon affett5 both curieni and fuiure period5. Govemment grants Total Unrestricted funds 2023 2022 Apprenticeship Grants DAP Gfènts 3,5(X) 520 4.020 Pagt 8

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Chark•ble a¢tkntles 2023 2022 Sheffield City Countil receipts Parent5, fees 228,182 40,234 213.964 34,696 268.416 248,660 Anatysi5 by fund Unrestricted fund5 268.416 248,660 Restricted lunds Investments Total Unrestricted fvnds 2023 2022 Interest receivable Pag¢ 9

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitawe adivities 2023 2012 Staff costs Staff trainin8. uniform and welfare Nursery mèals Rent. rates and water rate5 aeaning and hyyene materials Light and heat Repairs and ￿new315 Play resources and rnaterials Computer and CCTV tosts Administration of payroll Telephone Bank char8e5 Insurance Office and photocopier supplies Professi¢nal fees Travel expenses and outings Advert151ng Depreciation and impairrnent Subscriptions and Admsnistration l74.976 1,454 4,830 2.432 1,570 11.229 6.658 4.262 10.869 1.137 1,157 152.891 1,005 1,790 1.204 2.531 6,678 7,897 3,253 11,049 638 749 103 1.360 4.727 103 360 6,637 1.758 I,S21 78 269 a,166 230,446 204,733 Grant funding of activitie515ee note 71 Share of govemance costs Isee note 81 500 35.860 266,306 237,360 Analysi$ by fund Unrestricted funds Aestricted funds 266.306 237,360 Grants payable 2023 2022 Grants to institutions.. Kimberwoith Park U13 Football Team 500 Page 10

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 5￿pport costs 20Z3 2022 fjovem•n¢e¢osts IndependÈnt Examiner fees Business. HR. Health and Safety consultarKycos 1.610 34,250 1,800 30,327 Analy5ed between Charitable attivities Employees The avtrage monthly nurnber of employee5 durlng the y*ar was.. Z023 Number 2022 Number The average number of empl¢)Ve￿ based on full-time equiwdlents durin¢ the year is= 13 13 Ernployrnent costs 2022 Wage5 and 5alaTies Social security costs Other pension costs Recruitment cosis 4gency and support cost5 160.311 2.894 3.688 986 7,096 174,976 147.038 2,209 3.112 532 152,891 Thefe were no employees whose annual remuneration was £60.C¥)) or rnore. Pagell

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 10 Yangible fixed assets Flxtures and ffttings Cast At l April 2022 Additions At 31 March 2023 17.516 10.583 28,099 Depreciatlon and Impairme At l Aprsl 2022 Oepreciation charged in the year At 31 March 2023 12.243 3,166 IS.409 Carrying ¥rnount At 31 March 2023 At 31 March 2022 12.690 5.273 11 Dethors 2023 202Z Amounts falli￿ due within one year. Trade debtors Prepayments and aurued intome 9.950 211 10,161 3.251 583 3.834 12 Creditors.. amounisfalirrfdut wrthin one ye•r 2023 2022 Other taxation and social securtty Trade creditors Other creditors Accrua15 and deferred income 978 1,549 652 1,710 2,391 3,891 4.889 Pag¢ 12

BLACK WOMEN'S RESOURCE CENTrE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Aelated party tronsartions No remuneration was paid io anytrustee for acting as a rrustee. Travel and other expenses arnounting to £Nil12022- £Nill were reimbursed to trustee5 during the year. Janette Brown is a director of 2 Generatton5 JNC Limited Iformerty Watoto £nterpTi5e bmitedl. The charity wa5 charged £15,fn) 12022.. £18.C(Ql by thi5 company for the provision of Human Resourcè5, Nealth and Safety management athce and advertisement via the proviyon of one person during the year under review together with website development. Gregory Wi150n is a secretary of Wilbro Associates Limited, a mana8ement consultancy company. The charity was charged £19,250 12022.. £18,217) for the c05t of two empl¢>yee5 seconded to the tharity together with CCFV installation char8es, IT consultancy and bookkeeping seYvr£es. Included in Trade crediiors was an amount of £Nil 12022..£NILI owing to Wilbro Associate5 Limiied at 31 March 2023. No othev trustee or other person connected io the tharity had any personal interest in any contract or iiansartion ertered into bythe ￿harIty duringthe year_ Pa8e 13

Charity re￿$tratiOn number 1121786 Company registration numbew 05876594 {England abKI Wales) BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACTZMF35 0410112024 COMPANIES HOUSE

53

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Management Committee J 8rown A Wallen N Cardwell Mr G Wilson S McFadane Charity number 1121786 Com￿nY number 05876594 Re¢lstered offi Watoto Prtrschool 139 Catherine Road Sheffield 54 7HJ Irhlependent examiner Shaik Shukur FCCA Aziz Accountants I 130 First floor Ilford laThe Ilford IGI ZLE ankers Lloyd5 TS8 Uank Hc P.0. Box 85 14 Church Street Sheffield South Yor*shire SI IHP

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL CONTENTS Committee Members. report Independent examinerfs report Statement of financial artivilies Balance sheet Notes tothe fjnanual ststernents 6-13

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL COMMITTEE MEMBERS. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The managemeni committee present their annual report and ffinancial statements for theyear ended 31 March 2023. The finantial st¥ternent5 have been prepared in ￿(ordance wth ihe accounting policies set out in note I to the financial statements and comply ￿th the charity's Memoranduvn of A550Uation. the Companies Art 2006 and 'A¢counting Reportin8 by Ch4rities." Statement of Recommended Practice appI￿able to charitie5 preparing their accoufits in accordance with the Financial Reporting Standard applicable tn the UK and Republic of Ireland IFRS 1021 leffedwe l January 20191" Objedive5and activities The charity's objert5 are.. il To advance the education and prn￿de safe and stimulating Ca￿ of 311 child¥en between the ages of six months and ftve years, in particular those livinE in the 8umgreave and adjacent areas of the City of Sheffield 1.the area of benefit'l and who are frtsm minority ethnic backgrounds, and to adw4nce the education of those responsib￿ for their day to day care. without distinction of gender, race. disability, sexuality, social class. reli8tous belf or political belief." arsd 21 In the pyrsuante of the above objective. to establish. rnaintsin and manage a localty controlled community childcare ¢Entre. providing care and educztion aimed particular￿ at children from the area of benefit. and training primarily in child£are and personal developrnent skills aimed parti£vlarfy at adults. students and school pupi15 from the area of benefit. The aims ofthe charty aTe: 11 To provide a high quality nursery education and child(are seNce for thildren aged months to five years to ersure they have a sure start in readinessfor school. 21 To provide a service that enables parents and carer5 to take up eduCat￿nal training and employrntnt opportunities in order to £ontribute to the social and etonornic regeneration of Bumgreave. 31 To provide a prolessional, culturally appropriate servKe that is affo*dable and inclusi¥e of all. 41 To encourage Staff. s￿dents and school pupi15 to develop and advance their skills, qualifications and understanding within the nursery education and childcare sector_ 5170 work in partnership with oiher local and citywide a8encre5 to good prauice and to contribute to the strategic direction of nursery education and £hildcare serwces in 8urnKreave. The management committee have paid due ￿gar￿ to guidance issued by the Charity Commission in deciding what activities the charity 5houlé undertake. In particular, the Tru5tee5 consider how planned activities wi11 contribute to the aims and objectives that have been set and ensure servites continue io be of benefft to the general public. A¢hle¥emerts •nd ptrftym•n¢e Financr31 review The managemeni committee have established a policy where the unrestritted funds not committed or invested in tangible fixed assets I'the free reseTve5"1 held by rhe School should strive to be fepresented by six month5 of the resource5 expended. with a rninimurn balance of £SO.IX¥) in general funds. Thi5 would enable the khool tLI continue operating at the same level of activities in the event of either a significant drop in funding or major building repairs becomin8 iffjperative, allowing tirne for alternative funding to be secured. At 31 March 2023. the free reserves were sufficient to meet niThe weeks, expenditure. The management tomrnirtee have continued to reorganise and streamlinè 311 pro£esses of ihe School. This hès involved optimisin8 Staffing levels, strengthening exityn8 bud8etary controLs and introducing mana8ernent processes to ensure the lon8-term hnancial wability of the School. management cornmittee consider ihat it Is appropriale for the ftJn(15 of the Centre to be retained in the School's bank atcount io meet the daity wuirements ol the Sthool's expenditu￿. The members of the committee do not consider there are funds in excess of rhe daily requirements for inveYme￿. Page I

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL COMMITTEE MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The manaEÈmÈnt committee have assessed the major risk5 to which the charity 15 exposed. and is satisfied that system5 are in place to mitigate exposure io the rnajor risks. Structure• govemance and manageme The Black Women's Resource Centre Watoto Prè-sthool was established on 14 July 2(M)6 under a Memorandum ol Association and is Bo¥erned undef its Articles of Association. as amended by special resolution dated l? L1ctober 2007. The charity is a company lirnited by guarantee and member of the company is requirets to contribuie an amouni not exceeding £1 should ihe company be wound yp while they a￿ a membet. or within one year afterthey cease to be a member. The members of ihe management committee. all of whom are also the directors lor the purpose of compaThy law. and who served éuring the year and up to the date of signaiure of the financial statements were". J Brown A Wallen N Cardwell S McF8rlane G Wilson Any person qualified and vAshing to becorne a trustee must be aged 18 years or ovei and rnust either be recommended by the Trvstees or be nominated for election by a rnember of the Charity. A ftomination for ele¢tion frtsm a member must be signed by that member and by ihe ￿r$On being nominated, and it must be lodged with the Secretary not less than 7 not more than 28 clear days before the date of the AGM. The trustee5 when complete consist of-. 11 the Officers of the charity (Chairperson. Wicelhairperson. secretary and Treasurer) eleaed at tach AGM 21 up to 2 iepresenratives of member organisations eletted at eath AGM 31 to 3 individual rnember5 elected at each AGM 41 up to 3 individuals Iwho need not be members of the charrtyl ¢ts￿pted bythe tnJstee5 The Tiustees must hold a minimum of two medings per year. but othevise tan arrange and hold their meetings as they see fit. 11 appropriate. meetings rnay be held by electronic means. The dav-to-dav runninR of the charitv is deleRated to the manaRer. It IS the policy of the management committee to appoint trustees from parent5 of children who attend the nursery which is run by the School. A5 a result they will be familiar already with various documents relatin8 10 the history and aims of the Black Women's Resourte Centre Watoto Prè-school. togÈther wtth a number ol policy documents covering the day-to-day running of the school. They will have attended the ￿gular meetings of the rnanagement committee during which the business arLd finances of the School will have been discussed in detail, together with the managerrni comrnitree's role. responsibility and obli8ations_ Every trustee must sign a declaration of willingness io act a5 a trustee of the charity before they are eligible to vote at any meetinR of the Trustee5. J Brown Directtsr Dated.. 22 November 2023 G Wtls Oirettor Dated..22 November 2023 P8ge 2

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL INDEPENDENT EXAM114ER'S REPORT TO THE MANAGEMENT COMMITtEE OF BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHtX I report to the rnana8ernent committee on my examination of the financial statements of elack Wornen'5 Resource Centre Watoto Pr￿SCho￿ Ithe ¢harityl forthe year ended 31 March 2023. Responsibilities and bags of report As the management comrnittee ol the charity land also its direttors for the purposes of ¢ompany lawl you are responsible for the preparation of the financial statement5 in aCCOTdance WFth the requirements of the Companies Act 2006 Ithe 2CQ6 Actl. Having satisfied mysew that the financial #atements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, report in respect of my examinarion of the charity's financial staternents carried out under section 145 of the Charities Act 2011 Ithe 2011 Artl. In carrying out rny examination I have followed all the applicable Oirertton5 given by the Charity Comrnission under section 14SISllbl of the 2011 Act. Independent exarnineT'sststernent I have completed my exarnination. I confirrn that no matters ha¥e torne to my attention in connettion with the examination 8ivin8 me cause to believe thal in any material ￿$pert= accwnting records were r￿t kept in respett of the charity as required by section 386 of the 2(1)6 Act.. or the financial statements do not accord with those records., or the financial ststernents do not tornply with the accounting requirements of sertion 396 of the 2Q)6 Att Other than anv quirement that the accounts give a true and fair ¥iew which is a Matter ￿NsIdered as part of an Independent examination,. ¢r the financial staternent5 have not been prepa￿ in accordance vfvth the methods and principles of the Statement ol Recommended Pra¢ti¢e foT accounting and reporting by charities applicable to charitie5 preparirsg their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and RepU￿1COf Ireland IFRS 1021. I have no concerns and have corne across no other maner5 in connection with the examination to which attention should be drawn in this report in order io enable a proper uThder5tanding ot the financial statements to be leached. Shaik Shukur FCCA Independent Exarniner Chartered Certifieé Accounrant Aziz Accountants Ltd 130 First floor Ilford Lane Ilfrjr IGI 2LE Dated.. 22 Novernber 2023 P¥ge 3

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestritted Restricted funds luN15 2023 2023 UnrestrKted RestrÉued funds fvnds 2022 2022 Income from: Government £Tants Charitsble activities Investments Note5 4,020 268.416 248,660 Total income 272.445 248,660 enditure on.. Charitable Zctivities 266.306 237.360 Net income for the yearl Net movement in lund5 6.139 11,3tyJ Fund balances at l April 2022 42.802 31,502 Fund balancu at 31 March 2023 48.941 42.802 The statement of financial aCt￿ltIeS includes all gains and losses iecognised in the year. All income and expendilure derive from continuing actI￿￿e$. The statement of financial actNlties also Compl￿ with the fequirement5 for an income and expendrture account under the Companies Act 2c￿. Pagt 4

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL BALANCE SHEET AS A T31 MARCH 2023 zozj 2022 Notes Fl¥èd assets TanBible a55et5 12.6 5.273 Curyert assets Debtors Cash at bank and in hand li 10.161 29.981 40.142 38,584 42,418 Credhots: amountslallint due within one year 12 3.891 4.889 Net (urrent assets 36.251 37,529 Total assets less current liabilltSes Income fvnds Vnresiricted funds 48,941 48.941 42.802 The ttjrnpary is entitled to the exemption from the audit requirernent contained in seclson 477 of the Companies Act 2CQ6. for the year ended 31 March 2023. The directors acknowledge thLyr respon5ibilitie5 for corn￿￿7ng wtth the requirements of the Companies Att 2006 wilh ￿pect to ac¢ountin8 records and the p￿paratiON of financial statements. The members hève Not ￿qUired the company to obtain an audit of its finantial statements for the year in question in attoriknce wrth sertion 476. These financial staternent5 have been prepared in ￿COrdanCe with the pro￿$￿Tr5 applirable lo cornpanies subjert to the small companie5 regime. The financial Statementswe￿ approved bythe Management Committee on 22 November 2023 J Brown Trustee G Wilson T￿￿tee Company regi5tTatTon nwnber05876594 Pa8e 5

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 l Accountlng pohdes Charity irtlormation Black Women's Resource Centre Watoto Pre-school 15 a private company limited by guarantee iTrcorporated in England and Wales. The registered office is Watoto Pre-school. 139 Catherine Road, Sheffield. S4 7HJ. 1.1 Accourrting (onvention The financial statements ha¥e been prepared tn accordan￿ with the tharity's Memorandum and Articles of Association. the Companies Aa 2(*)6, FRS 102 The Financial Reporting Standard applicable in the UK and Republ￿ of Ireland- I-FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities". Statement of Recornrnended Practice applicable io charities preparing their accoynts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire￿nd IFRS 1021" leffective l January 20191. The tharity is a Public 8enefit Entity 5 defined by FRS 102. The chèrity hastaken advantage of the provisions in the SORP for charitie5 not to prepare a Statement of Cash Fk>ws. The financial statements are prepared in sterJin& which is the functional currenry of the charity. Monetary am¢xJnts in these financial statements are rovndetl to the nearest £. The financial stsrements have been prepared tsnder the historical coy ctMvention. The prin£ipal accounting policies adopted are set out below. 1.2 Going concerh At the time ¢>f approving the financial statement5. the management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the management committee continue to adopt the 8oiTh4 concern basis of accounting tn preparing the financial statements. 1.3 Ch•rit•blt fund5 Unrestricted funds are available for use at the disuetion of the management committee in furtherance of their charitable objectives. Restritted funds are subiert to specrfic conditions by donors as to how they may be used. The puryx)ses and uses of the ¥estricted funds a￿ S￿ out in the notes to the financial staternents. IA IrKorne Income is retognised when the charity is legalty entitled to it after any performance Conditsons have been met, the amounts can be measured rdiably, and it is probable that income will be received_ Donated facilit￿$ and servr¢es ère included at the value io the School where this can be quantified. The valve of services provided b¥ volunteers ha5 riot been induded in these accounts. Grant5, where entitlement Is not ¢onditional t)n the delivery of a specific performance by the School. are recogni5ed when the School becornes unionditionally entitled to the 8rant. Granis related to performance and specifK delsverables. are accounted for as the School eam5 Ihe right to consideration by its perfwmaTrce. Where incomin8 resources have related expenditure las with fundrai￿￿81. the inwrning resources and related expendittsre are reported gross rn the SOFA. 8ènk interest is recognised when bt is credited to the account. 1.5 Empenditure Liabilities are recognised 35 soon a5 there isa legal or conttructive otAitation to pay out resOur￿s. Pa8¢ 6

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting poll¢ies Expenditure is recoEnised on an accruals basis. Charitable expenditure comprises those costs incurred by the School in the delivery of its activitie5 and 5eryices for its beneficiaries. It includes costs thai can be allocatsd dbrectly to such activities and those costs ol an indirect nature nece55ary to SUPPOrt them. Redundarscy costs are recognised in ihe period in which they are agreed. Governance costs includeé the iosts of preparation and examinotion of the S￿lUtOry accounts. the ¢ost of trustee meeting5 and the cost of any legal advice io trusteeson 8ovemance or constitutional matters. (Continued) 1.6 Tanyble fixed assets T3n8ible fixed assets are initially measured at cost and subsequentfy measured at cost or valtsation, net of depreciation and any impairment losses. Items of equipment are only opitalised where the PLtrchase price exceeds £I.000 and they can be used for more than one year. Depreciation 15 recognised so as to write off the cost or valUat￿n ol assets less their residual values over their useful lives on the lollowing bases-. Fixfures and fittin8S 25% on written down value The gain ¢r ltsss arising on the disposal ol an asset is determined •$ the differente btheen the Sa￿ proteeds and the carrying valtse of the asset. is recognised in the statement of financial actNities. 1.7 Impairrnent of fixed assets At each reporting end dale. ihe charity reviews the carrwng amounts of its tangible a5set5 to determine whether there is any indication that those as5et5 have suffered an impairment 105s. If any such indication exists, the recoverable amount of the asset is estirnated in order io determine the exteTrt of the impairrnent loss lif anvl. 1.8 Cash and ¢a$h equl¥alents Cash and cash equivalents include cash in hand. depDYts hekl at call with banks. other short-temi liquid investments with oriEinal maturities of three m(￿th$ OT less. and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabilities. 1.9 Financial instruments The charity has elected to apply the prowsion5 of Section 11 'Basic Financial lftstnjments, and Section 12 'Other Financial Instrurnent5 155ues' of FRS 102 to all of its financial instrurnents. Financial instruments are recognised in the charity's b3￿nCe sheet when the charity becornes party to the contrauual provision5 of the instrurnent. Fin3ncial asseis and liabilities are offset. with ihe net amounts presenied ifi the financial statements. when there 15 3 legally enforceable right to sei off the recognised amounts and there is an intention to settle OTh a net basis or to reali5e the a55et and seitle the liabiliry 5imvllaneou*. 605icfingnciolossets 8asic financial assets. which include debtor5 and cash and bank balances. a￿ iff ilially measured at transaction price in¢ludinB transaction costs and are subsequently carried at a[￿rtised cost using the effertive interest method unless the arranEernent constitutes a financing transaction. where the transttrtion is measured at the present value of the future reteipts discounted at a market rate of interest. Finaneial assets classified as receivable within tsTre vear are not amortised. Pag¢ 7

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A<coyntlng policies Icontinuedl Bosi¢fin•n¢iol liobilitie5 Basic financial liabilities. including (￿dItorS and bank loans are Initial￿ recognised at transaction price unless the arrangement constitutes a financing transaction. where the ¢Jebt instrument is rneasured ai the present valtse of the future payments dixounte(13t a market rate of interest. Financial liabilities classified as payable within one year are not amort15ed. Debt instruments are subsequently carried at 3mortised c05t. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in ihe ordinary course of operations from suppliers. ArnouThts paYa￿e are classified as current liabilities if payment 15 due within one year or le55. If noi. they are presenteé as non-curreni liabililies. Trade creditors are recognised initially at transattion price and subsequently measured at arnortised cost using the effettive interest method. Derecognltlon Ofjlnonciollio￿￿knes Fin3ncial liabilitie5 are derecognised when the charl￿5 contrattual obligatKJns expire or are discharged or cancelled. 1.10 Taxation The charity is not liable to income or capitsl Bains tax on its (haritable aaivities. Irrecoverable VAT is included in the as5¢t cost or expense to which il ￿ate 1.11 Employee benefrts The cost ol any unused holidav eniitlement ￿ reco8ni5ed in the period in which the employe￿$ service5 are received. Termination benefits are recognised irnrneéiately as an expense when the charty t5 dernon5tfably commirted to terminate the employment of ars employee or to provth terminètbon benefits. 1.12 Retirernent benefrts Payments to defined contribution reliremefit benefit 5cherne5 are charEed as an expense as they fall due. Crfll¢al accourrting e5tim*e5and judgemen In the application ol the charitys accounting polKies. the management committee are required to make judgements, estimates and assumoions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estirnates and associated assumptitsns are based on historical experience and other fartors that are considered to be relevant. Attual results may differ from these estirnates. The esiimates and underlying assumptions are re￿eWed on an onBoiThg b8515. Revi5ion5 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 whele the re￿$lon affett5 both curieni and fuiure period5. Govemment grants Total Unrestricted funds 2023 2022 Apprenticeship Grants DAP Gfènts 3,5(X) 520 4.020 Pagt 8

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Chark•ble a¢tkntles 2023 2022 Sheffield City Countil receipts Parent5, fees 228,182 40,234 213.964 34,696 268.416 248,660 Anatysi5 by fund Unrestricted fund5 268.416 248,660 Restricted lunds Investments Total Unrestricted fvnds 2023 2022 Interest receivable Pag¢ 9

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitawe adivities 2023 2012 Staff costs Staff trainin8. uniform and welfare Nursery mèals Rent. rates and water rate5 aeaning and hyyene materials Light and heat Repairs and ￿new315 Play resources and rnaterials Computer and CCTV tosts Administration of payroll Telephone Bank char8e5 Insurance Office and photocopier supplies Professi¢nal fees Travel expenses and outings Advert151ng Depreciation and impairrnent Subscriptions and Admsnistration l74.976 1,454 4,830 2.432 1,570 11.229 6.658 4.262 10.869 1.137 1,157 152.891 1,005 1,790 1.204 2.531 6,678 7,897 3,253 11,049 638 749 103 1.360 4.727 103 360 6,637 1.758 I,S21 78 269 a,166 230,446 204,733 Grant funding of activitie515ee note 71 Share of govemance costs Isee note 81 500 35.860 266,306 237,360 Analysi$ by fund Unrestricted funds Aestricted funds 266.306 237,360 Grants payable 2023 2022 Grants to institutions.. Kimberwoith Park U13 Football Team 500 Page 10

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 5￿pport costs 20Z3 2022 fjovem•n¢e¢osts IndependÈnt Examiner fees Business. HR. Health and Safety consultarKycos 1.610 34,250 1,800 30,327 Analy5ed between Charitable attivities Employees The avtrage monthly nurnber of employee5 durlng the y*ar was.. Z023 Number 2022 Number The average number of empl¢)Ve￿ based on full-time equiwdlents durin¢ the year is= 13 13 Ernployrnent costs 2022 Wage5 and 5alaTies Social security costs Other pension costs Recruitment cosis 4gency and support cost5 160.311 2.894 3.688 986 7,096 174,976 147.038 2,209 3.112 532 152,891 Thefe were no employees whose annual remuneration was £60.C¥)) or rnore. Pagell

BLACK WOMEN'S RESOURCE CENTRE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 10 Yangible fixed assets Flxtures and ffttings Cast At l April 2022 Additions At 31 March 2023 17.516 10.583 28,099 Depreciatlon and Impairme At l Aprsl 2022 Oepreciation charged in the year At 31 March 2023 12.243 3,166 IS.409 Carrying ¥rnount At 31 March 2023 At 31 March 2022 12.690 5.273 11 Dethors 2023 202Z Amounts falli￿ due within one year. Trade debtors Prepayments and aurued intome 9.950 211 10,161 3.251 583 3.834 12 Creditors.. amounisfalirrfdut wrthin one ye•r 2023 2022 Other taxation and social securtty Trade creditors Other creditors Accrua15 and deferred income 978 1,549 652 1,710 2,391 3,891 4.889 Pag¢ 12

BLACK WOMEN'S RESOURCE CENTrE WATOTO PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Aelated party tronsartions No remuneration was paid io anytrustee for acting as a rrustee. Travel and other expenses arnounting to £Nil12022- £Nill were reimbursed to trustee5 during the year. Janette Brown is a director of 2 Generatton5 JNC Limited Iformerty Watoto £nterpTi5e bmitedl. The charity wa5 charged £15,fn) 12022.. £18.C(Ql by thi5 company for the provision of Human Resourcè5, Nealth and Safety management athce and advertisement via the proviyon of one person during the year under review together with website development. Gregory Wi150n is a secretary of Wilbro Associates Limited, a mana8ement consultancy company. The charity was charged £19,250 12022.. £18,217) for the c05t of two empl¢>yee5 seconded to the tharity together with CCFV installation char8es, IT consultancy and bookkeeping seYvr£es. Included in Trade crediiors was an amount of £Nil 12022..£NILI owing to Wilbro Associate5 Limiied at 31 March 2023. No othev trustee or other person connected io the tharity had any personal interest in any contract or iiansartion ertered into bythe ￿harIty duringthe year_ Pa8e 13