| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to | 5 | |
| Independent Examiner's |
Report | 6 to | 7 |
| Statement ofFinancial | Activities | ||
| Balance Sheet | 9 to | 10 | |
| Cash Flow Statement | |||
| Notes to the Cash Flow | Statement | 12 | |
| Notes to the Financial Statements | 13 to | 22 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
15 | 15 | 271 | |||
| Charitable activities |
||||||
| Other Income/ Expenses | 714,456 | 714,456 | 587,319 | |||
| Grants | 10,964 | 10,964 | 20,663 | |||
| Other trading activities | 181 | 181 | 273 | |||
| Investment income |
1,484 | 1,484 | 738 | |||
| Other income | 3,615 | 3,615 | 5,222 | |||
| Total | 719,751 | 10,964 | 730,715 | 614,486 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 14,389 | 14,389 | 13,466 | |||
| Charitable activities |
||||||
| Other Income/ Expenses | 651,339 | 8,307 | 659,646 | 555,568 | ||
| Total | 665,728 | 8,307 | 674,035 | 569,034 | ||
| NET INCOME | 54,023 | 2,657 | 56,680 | 45,452 | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
108,538 | 108,538 | 63,086 | |||
| TOTAL FUNDS CARRIED FORWARD | 162,561 | 2,657 | 165,218 | 108,538 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 4,932 | 2,657 | 7,589 | 7,447 |
| CURRENT ASSETS | |||||
| Stocks | 13 | 737 | 737 | 506 | |
| Debtors | 14 | 18,755 | 18,755 | 22,949 | |
| Cash at bank and in hand | 318,996 | 318,996 | 251,442 | ||
| 338,488 | 338,488 | 274,897 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (85,859) | (85,859) | (73,806) | |
| NET CURRENT ASSETS | 252,629 | 252,629 | 201,091 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 257,561 | 2,657 | 260,218 | 208,538 | |
| CREDITORS | |||||
| Amounts falling due after more than one |
|||||
| year | 16 | (95,000) | (95,000) | (100,000) | |
| NET ASSETS | 162,561 | 2,657 | 165,218 | 108,538 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
162,561 | 108,538 | |||
| Restricted funds | 2,657 | ||||
| TOTAL FUNDS | 165,218 | 108,538 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
69,207 | 27,162 | |||
| Net cash provided by operating activities |
69,207 | 27,162 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (3,137) | (7,752) | ||
| Interest received | 1,484 | 738 | |||
| Net cash used in investing | activities | (1,653) | (7,014) | ||
| Change in cash and cash | equivalents | ||||
| in the reporting period |
67,554 | 20,148 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 251,442 | 231,294 | ||
| Cash and cash equivalents | at the end | ||||
| ofthe reporting period |
318,996 | 251,442 |
| RECONCILIATIO ACTIVITIES |
N OFNE |
T INCOME TO NET CASH FLOW F | ROM OPERATIN | G |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Net income for the | reporting | period (as per the Statement of | ||
| Financial Activities) | 56,680 | 45,452 | ||
| Adjustments for: |
||||
| Depreciation charges |
2,996 | 527 | ||
| Interest received | (1,484) | (738) | ||
| (Increase)/decrease | in stocks | (231) | 114 | |
| Decrease/(increase) | in debtors | 4,193 | (7,572) | |
| Increase/(decrease) | in creditors | 7,053 | (10,621) | |
| Net cash provided | by operations | 69,207 | 27,162 |
| At 1/4/22 | Cash flow | At 31/3/23 | ||
|---|---|---|---|---|
| Net cash | ||||
| Cash at bank and in hand | 251,442 | 67,554 | 318,996 | |
| 251,442 | 67,554 | 318,996 | ||
| Debt | ||||
| Debts falling due within | 1 year | (5,000) | (5,000) | |
| Debts falling due after 1 | year | (100,000) | 5,000 | (95,000) |
| (105,000) | 5,000 | (100,000) | ||
| Total | 146,442 | 72,554 | 218,996 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Donations | 15 | 271 | ||
| 3. | OTHER TRADING ACTIVITIES | |||
| 2023 | 2022 | |||
| Nursery fundraising |
income | 181 | 266 | |
| Cafe income | 7 | |||
| 181 | 273 | |||
| 4. | INVESTMENT INCOME | |||
| 2023 | 2022 | |||
| Deposit account interest | 1,484 | 738 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | |||
| Activity | ||||
| Nursery income |
Other Income/ Expenses | 561,786 | 443,323 | |
| Conferences | Other Income/ Expenses | 69,780 | 65,456 | |
| Managed workspace/ | ||||
| Room hire | Other Income/ Expenses | 82,890 | 78,540 | |
| Grants | Grants | 10,964 | 20,663 | |
| 725,420 | 607,982 |
| Notes to the Financial | Notes to the Financial | Statements - continued |
Statements - continued |
|||
|---|---|---|---|---|---|---|
| for the Year Ended 31March 2023 | ||||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES - continued | |||||
| Grants received, included | in the above, are as follows: | |||||
| 2023 | 2022 | |||||
| Coronavirus Job Retention |
Scheme | 3,999 | ||||
| Covid Relief Sustainability | Grant | 1,200 | ||||
| CYP Sustainability Grant |
3,001 | 7,000 | ||||
| Childcare Offer Small Capital Grants f.1OOK | 2,000 | |||||
| Childcare Offer Small Capital Grants f,125K | 6,464 | |||||
| Healthy &Sustainable Pre School Scheme (HSPSS) grant |
228 | |||||
| Healthy &Sustainable Pre School Scheme (HSPSS) grant - Round 2 |
7,735 | |||||
| 10,964 | 20,663 | |||||
| 6. | RAISING FUNDS | |||||
| Other trading activities |
||||||
| 2023 | 2022 | |||||
| Cafe/Catering purchases |
14,389 | 13,466 | ||||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) | Totals | ||||
| Other Income/ Expenses | 634,003 | 25,643 | 659,646 | |||
| 8. | SUPPORT COSTS | |||||
| Governance | ||||||
| Finance | Other | costs | Totals | |||
| Other Income/ Expenses | 1,016 | 15,109 | 9,518 | 25,643 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Depreciation | -owned | assets | 2,995 | 527 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries | 472,244 | 394,005 | ||
| Social security costs | 21,291 | 14,493 | ||
| Other pension costs | 6,590 | 4,982 | ||
| 500,125 | 413,480 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Total Staff | 35 | 33 |
| 12. | TANGIBLE FIXEDAS | SETS | ||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Tenant | Plant and | and | ||||
| improvement | machinery | fittings | Equipment | Totals | ||
| COST | ||||||
| At 1 April 2022 | 2,035 | 3,835 | 33,500 | 68,198 | 107,568 | |
| Additions | 2,538 | 599 | 3,137 | |||
| At 31March 2023 | 2,035 | 3,835 | 36,038 | 68,797 | 110,705 | |
| DEPRECIATION | ||||||
| At 1 April 2022 | 2,035 | 3,835 | 30,963 | 63,288 | 100,121 | |
| Charge for year | 1,081 | 1,914 | 2,995 | |||
| At 31March 2023 | 2,035 | 3,835 | 32,044 | 65,202 | 103,116 | |
| NET BOOKVALUE | ||||||
| At 31March 2023 | 3,994 | 3,595 | 7,589 | |||
| At 31March 2022 | 2,537 | 4,910 | 7,447 | |||
| 13. | STOCKS | |||||
| 2023 | 2022 | |||||
| Stocks | 737 | 506 | ||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE | WITHIN ONE | YEAR | ||
| 2023 | 2022 | |||||
| Trade debtors | 7,142 | 13,862 | ||||
| Prepayments | 11,613 | 9,087 | ||||
| 18,755 | 22,949 |
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Other loans (see note 17) | 5,000 | 5,000 | |
| Trade creditors | 23,181 | 7,121 | |
| Social security and other taxes | 3,408 | 2,564 | |
| Other creditors | 17,456 | 18,198 | |
| Accruals and deferred income | 36,814 | 40,923 | |
| 85,859 | 73,806 | ||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR | ||
| 2023 | 2022 | ||
| Other loans (see note 17) | 95,000 | 100,000 | |
| 17. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2023 | 2022 | ||
| Amounts falling due within one year on demand: |
|||
| Other loans | 5,000 | 5,000 | |
| Amounts falling between one and two years: |
|||
| Other loans —1-2years |
5,000 | 5,000 | |
| Amounts falling due between two and five years: |
|||
| Other loans —2-5 years |
15,000 | 15,000 | |
| Amounts falling due in more than five years: |
|||
| Repayable by instalments: | |||
| Other loans more 5yrs instal | 75,000 | 80,000 |
| MOVEMENT IN | FU | DS | |||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1/4/22 | in funds | 31/3/23 | |||||
| Unrestricted funds |
|||||||
| General fund | 101,092 | 56,641 | 157,733 | ||||
| Designated Fixed Asset | Funds | 7,446 | (2,618) | 4,828 | |||
| 108,538 | 54,023 | 162,561 | |||||
| Restricted funds | |||||||
| CYP Sustainability | Grant | 2,657 | 2,657 | ||||
| TOTAL FUNDS | 108,538 | 56,680 | 165,218 | ||||
| Net movement in funds, |
included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted funds |
|||||||
| General fund | 719,751 | (663,110) | 56,641 | ||||
| Designated Fixed Asset | Funds | (2,618) | (2,618) | ||||
| 719,751 | (665,728) | 54,023 | |||||
| Restricted funds | |||||||
| CYP Sustainability | Grant | 10,500 | (7,843) | 2,657 | |||
| Healthy &Sustainable | Pre School | ||||||
| Scheme Grant | 464 | (464) | |||||
| 10,964 | (8,307) | 2,657 | |||||
| TOTAL FUNDS | 730,715 | (674,035) | 56,680 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1/4/21 | in funds | funds | 31/3/22 | ||||
| E | |||||||
| Unrestricted | funds | ||||||
| General fund | 62,865 | 40,412 | (2,185) | 101,092 | |||
| Designated Fixed Asset Funds | 221 | (527) | 7,752 | 7,446 | |||
| Covid Relief | Sustainability | Grant | 1,200 | (1,200) | |||
| 63,086 | 41,085 | 4,367 | 108,538 | ||||
| Restricted funds | |||||||
| Childcare Offer Small Capital Grants | |||||||
| (6100K) | (155) | 155 | |||||
| Childcare Offer Small Capital Grants | |||||||
| (6125K) | 5,999 | (5,999) | |||||
| CYP Sustainability | Grant | (1,477) | 1,477 | ||||
| 4,367 | (4,367) | ||||||
| TOTAL FUNDS | 63,086 | 45,452 | 108,538 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 593,823 | (553,411) | 40,412 | ||
| Designated Fixed Asset Funds | (527) | (527) | |||
| Covid Relief Sustainability | Grant | 1,200 | 1,200 | ||
| 595,023 | (553,938) | 41,085 | |||
| Restricted funds | |||||
| Coronavirus Job Retention |
Scheme | 3,999 | (3,999) | ||
| Childcare Offer Small Capital Grants | |||||
| (f.lOOK) | 2,001 | (2,156) | (155) | ||
| Childcare Offer Small Capital Grants | |||||
| (6125K) | 6,464 | (465) | 5,999 | ||
| CYP Sustainability | Grant | 6,999 | (8,476) | (1,477) | |
| 19,463 | (15,096) | 4,367 | |||
| TOTAL FUNDS | 614,486 | (569,034) | 45,452 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1/4/21 | in funds | funds | 31/3/23 | |||
| Unrestricted funds |
||||||
| General fund | 62,865 | 97,053 | (2,185) | 157,733 | ||
| Designated Fixed Asset Funds | 221 | (3,145) | 7,752 | 4,828 | ||
| Covid Relief Sustainability | Grant | 1,200 | (1,200) | |||
| 63,086 | 95,108 | 4,367 | 162,561 | |||
| Restricted funds | ||||||
| Childcare Offer Small Capital Grants | ||||||
| (f.lOOK) | (155) | 155 | ||||
| Childcare Offer Small Capital Grants | ||||||
| (6125K) | 5,999 | (5,999) | ||||
| CYP Sustainability | Grant | 1,180 | 1,477 | 2,657 | ||
| 7,024 | (4,367) | 2,657 | ||||
| TOTAL FUNDS | 63,086 | 102,132 | 165,218 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 1,313,574 | (1,216,521) | 97,053 | |||
| Designated Fixed Asset Funds | (3,145) | (3,145) | ||||
| Covid Relief Sustainability | Grant | 1,200 | 1,200 | |||
| 1,314,774 | (1,219,666) | 95,108 | ||||
| Restricted funds | ||||||
| Coronavirus Job Retention |
Scheme | 3,999 | (3,999) | |||
| Childcare Offer Small | Capital Grants | |||||
| (6100K) | 2,001 | (2,156) | (155) | |||
| Childcare Offer Small | Capital Grants | |||||
| (6125K) | 6,464 | (465) | 5,999 | |||
| CYP Sustainability | Grant | 17,499 | (16,319) | 1,180 | ||
| Healthy &Sustainable | Pre | School | ||||
| Scheme Grant | 464 | (464) | ||||
| 30,427 | (23,403) | 7,024 | ||||
| TOTAL FUNDS | 1,345,201 | (1,243,069) | 102,132 |