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2021-08-31-accounts

Microsoft

Busy Bees Blaenavon Day Nursery and Kids Club Ltd

Trustees Annual Report

September 2020-2021

Busy Bees

2020 - 2021

Busy Bees Blaenavon Day Nursery and Kids Club Trustees Annual Report 2021

Management Board Report for the year ended 31[st] August 2021

References and Administration information

Charity Name: Busy Bees Blaenavon Day Nursery and Kids Club Ltd Charity registration number: 1126728 Company Registration Number 06495575 Registered Office and Park Street Operational address Blaenavon Torfaen NP4 9AA

Management Committee

Tom Wood Chair Amy Foster Vice-Chair Susan Driscoll Joanne Watkins Sophie Gallear Joanne Walters Stacey Thomas

Secretary

Cara Boddington

Our Aims and Objectives

At Busy Bees we aim to:-

Ensuring our work delivers our aims

How our activities deliver public benefit

Financial review

Busy Bees has managed to remain open and consistent throughout the last year, despite a much lower income and various challenges

The amount of fees received has been around 50-75% of what we would be expecting, the wages bill remained at 93% of what it was in 2018-2019 This is due to the additional expense of maintaining strict bubbles, covering staff in isolation and the cost of furlough payments.

In Comparison to 2018/2019 income has decreased by 20%, Flying Start by 32%, fundraising by 75% and overall our income – despite sustainability funding was down on 2018/2019 by 22%

Wages decreased by 7% only, and the overall costs of running Busy Bees only decreased by 10%.

The deficit was managed at the time by sustainability funding, and our contingency fund, however going into 2021-2022 I am concerned that we have no reserves to deal with any cash flow issues.

During 2020-2021 we continued to use the furlough scheme to maintain our staff, and applied for funding where available. We did not spend anything but the basics on the building; except improved outdoor lighting for parents waiting outside.

Moving forward we must continue to monitor every hour and every purchase in order to ensure the stability of Busy Bees.

Principle Funding Sources

Aside from the principle income generated by the services we provide, we continue to receive funding from Torfaen County Borough Council to provide Free Flying Start preschool places within both Busy Bees Blaenavon and at BICC, and from September 2018 many families have accessed the Free 30 Hours childcare offer.

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on the 6[th] of February 2008 and registered as a charity on the 30[th] of June 2008. The company was established under a

Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of Management Committee

Some of the directors of the company are also charity trustees for the purposes of charity law Under the company’s Articles directors/trustees are known as members of the Management committee. All members of the Management Committee give their time voluntarily and receive no benefit from the charity.

The Management Board has a mix of parents and staff to ensure that all aspects are covered and that it can be functional as a Board.

Risk Management

Day to day risk assessment procedures and policies are in operation throughout the nursery. These are maintained and reviewed by the Manager. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the building and to the satellite group Busy Bees @ BICC

Organisational Structure

Busy Bees has a Management Board of eleven members who meet monthly and are responsible for the strategic direction and policy of the charity. The Management Board at present has several members from professional backgrounds and several who do not in order to fully represent the community we support.

A Management structure is in place. Day to day responsibility for smooth running rests with the Nursery Manager, supported by three deputy managers and supervisors. The Nursery Manager reports to the Management Board.

Related Parties

Responsibilities of the Management Committee

Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the affairs of the company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management board should follow best practices and:

Select suitable accounting policies and then apply them consistently

Make judgements and estimates that are reasonable and prudent; and

Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The management board is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Board is 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.

Members of the Management Committee

Members of the Management Committee, who are directors for the purpose of company law, Tom and Sue are also trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2.

In accordance with company law, as the company directors, we certify that;

So far as we are aware, there is no relevant information of which the company directors are unaware; and

As the directors of the company we have taken all the steps that we ought to have taken in

order to make ourselves aware of any relevant information and to establish that the management board is aware of that information.

This report has been approved by the Management Board on 12/10/2020 and signed on its behalf by Cara Boddington

Cara Boddington

Busy Bees Blaenavon Day Nursery and Kids Club

Statement of Financial Activities (including Income and Expenditure Account) for the year ending 31[st] August 2021

THE FIGURES FOR 2020/2021 ARE NOT CONFIRMED AT THIS POINT. THEY WILL BE AFTER THE ACCOUNTANTS HAVE PROCESSED THEM

Opening balance 1/9/2020 £32105.33

INCOME
2016/2017 2017/2018 2018/2019 2019/2020 2020/2021
ASSISTED PLACES/1:1
SUPPORT
CCAS-2020 only		 £4339 £4766 £13750 £11,310 30119
30 HOURS CHILDCARE £102,330 £61,895 68713
DONATIONS £2881 £3553 £2462 £22477 210
FEES £244,411 £252,063 £228,744 £148,331 181807
FLYING START £63977 £87950 £96550 £92,781 65621
FUNDRAISING 4618 £1396 £2094 £801 454
Grants 8000.00 2850 11905 £89,982 14,090
Insurancepayment 1466 0 0 £0 0
Loan 0 £20400 0 £0 0
TOTAL £329706 £372998 £457864 £427,577 £361014
EXPENDITURE
Wages 265570 £299258 £334560 £279574 308894
Accountancy Fees 2400 £1920 £2160 £2160 2160
Groceries/Consumables 13843 £16340 £19721 17,776 12440
Fuel/Escorts 3106 £2250 £4212 £3154 2219
Training/uniform 65 2640 £3169 £811 1962
Admin 2361 £3514 £5089 £540 4260
Rent 8613 £10357 £17,204 £13,904 15461
Licences/membership 647 492 £642 545 260
Trips/Treats 492 £60 £113 £324 37
Equipment/Resources 2393 £1759 £2,717 £33,136 6383
Insurance 1385 £1215 £2,045 £3,667 4581
Utilities 7151 £10063 £8,202 £7,721 9206
Building 14241 £7145 £27,776 £43,517 8149
PPE/Cleaning
(previously part of
Groceries		 - - - - 6481.59
Bank Fees/Interest 215 £225 £263 -£25 165
Loan Repayments 4644.72 £3693.54 5478
Total 328,660 £362119 £432,997 £414173 388137
Year surplus/Deficit £22386 -29,922.55

Closing Balance 31/08/2021 £2182.78

Deficit for year £29922.55

Busy Bees Blaenavon Day Nursery and Kids Club

The average number of employees during the year, including full time and part time positions

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Manager 1 1 1 1 1 1 1 1 1 1 1
Deputy manager 3 3 3 3 3 3 3 5 5 5 5
Supervisor 3 3 4 4 3 2 2 1 1 1 1
Assistant 12 15 16 16 19 20 20 20 19 19 18
Auxiliary 3 3 3 3 4 4 4 4 5 6 6

Trustee Remuneration and Related Party Transactions

No members of the management board received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

Taxation

As a charity Busy Bees is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity

REGISTERED COMPANY NUMBER: 06495575 (England and Wales) REGISTERED CHARITY NUMBER: 1126728

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

Green & Co Chartered Certified Accountants Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 17
Detailed Statement of Financial Activities 18 to 19

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

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 August 2021. 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

At Busy Bees we aim to:-

o Promote a community ethos where adults and children can reach their full potential.

o Provide a warm, caring, inclusive and family environment for children aged 0 - 11 years, where each child and adult is treated as an individual and their unique qualities are recognised and celebrated.

o To enable children's learning by providing experiences and opportunities that are fun, stimulating and appropriate.

Ensuring our work delivers our aims

o Continually monitoring local demands and requirements so we can offer a service that is flexible and accessible. o Liaising with members of the community such as Health visitors and school representative, as well as employers, trade associations and local community groups.

o Ensuring our facilities are safe and secure and an appropriate environment for our activities.

How our activities deliver public benefit

o Affordable quality childcare enables parents to continue or return to work, improve their skills with training and further education. This includes escorting children to and from school and nursery for parents that would be unable to work without our services.

o Allowing community groups to utilise our facilities to run activities and meetings.

o Supporting families in need of respite or childcare to enable them to better their quality of life for themselves and their children.

o Actively employing local people and providing on the job training and experience opportunities for students.

o Working in tandem with local health professionals to target families in need and delivering a service that improves the quality of life of the whole family.

Page 1

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

FINANCIAL REVIEW

Busy Bees has managed to remain open and consistent throughout the last year, despite a much lower income and various challenges.

The amount of fees received has been around 50-75% of what we would be expecting, the wages bill remained at 93% of what it was in 2018-2019. This is due to the additional expense of maintaining strict bubbles, covering staff in isolation and the cost of furlough payments.

In Comparison to 2018/2019 income has decreased by 20%, Flying Start by 32%, fundraising by 75% and overall our income - despite sustainability funding was down on 2018/2019 by 22%

Wages decreased by 7% only, and the overall costs of running Busy Bees only decreased by 10%.

The deficit was managed at the time by sustainability funding, and our contingency fund, however going into 2021-2022 I am concerned that we have no reserves to deal with any cash flow issues.

During 2020-2021 we continued to use the furlough scheme to maintain our staff, and applied for funding where available. We did not spend anything but the basics on the building; except improved outdoor lighting for parents waiting outside. Moving forward we must continue to monitor every hour and every purchase in order to ensure the stability of Busy Bees.

Principle Funding Sources

Aside from the principle income generated by the services we provide, we continue to receive funding from Torfaen County Borough Council to provide Free Flying Start preschool places within both Busy Bees Blaenavon and at BIC, and from September 2018 many families access the free 30 hours childcare offer.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on the 6th of February 2008 and registered as a charity on the 30th of June 2008. The company was established under a

Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management committee.

All members of the Management Committee give their time voluntarily and receive no benefit from the charity. C F Boddington, S J Driscoll, S M Gallear, T J John, S Thomas and J Walters are trustees and employees of the charity but only receive remuneration for their employment roles.

The Management Board has a mix of parents and staff to ensure that all aspects are covered and that it can be functional as a Board.

Page 2

BUSY BEES BLAENAVON DAY NURSERY AND KIDS

CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

Busy Bees has a Management Board of eleven members who meet monthly and are responsible for the strategic direction and policy of the charity. The Management Board at present has several members from professional backgrounds and several who do not in order to fully represent the community we support.

A Management structure is in place. Day to day responsibility for smooth running rests with the Nursery Manager, supported by three deputy managers and supervisors. The Nursery Manager reports to the Management Board.

Responsibilities of the Management Committee

Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the affairs of the company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management board should follow best practices and:

o Select suitable accounting policies and then apply them consistently.

o Make judgements and estimates that are reasonable and prudent; and

o Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The management board is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Management Board is 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.

Members of the Management Committee

Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 5.

In accordance with company law, as the company directors, we certify that;

So far as we are aware, there is no relevant information of which the company directors are unaware; and As the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the management board is aware of that information.

Related parties

o Wales PPA

o Clybiau Plant Cymru Kids Club

o National Day Nurseries Association

Page 3

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

Day to day risk assessment procedures and policies are in operation throughout the nursery. These are maintained and reviewed by the Manager. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the building and to the satellite group Busy Bees at BICC.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 06495575 (England and Wales)

Registered Charity number

1126728

Registered office

Busy Bees Park Street Blaenavon Pontypool Torfaen NP4 9AA

Trustees

C F Boddington Finance officer S J Driscoll Nursery Manager S M Gallear Childcare A L Foster Marketing Executive J M Watkins Podiatrist (resigned 1/12/2020) T R Wood Director J Walters Childcare Practitioner S Thomas Childcare Practitioner R C Redman Accountant

Company Secretary

C F Boddington

Independent Examiner

Scott Harris ACCA Green & Co Chartered Certified Accountants Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU

Approved by order of the board of trustees on 25th May 2022 and signed on its behalf by:

Page 4

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

C F Boddington - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

Independent examiner's report to the trustees of Busy Bees Blaenavon Day Nursery And Kids Club ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Scott Harris ACCA Green & Co Chartered Certified Accountants Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU

25th May 2022

Page 6

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
208
Charitable activities
Childcare
347,655
Total
347,863
EXPENDITURE ON
Raising funds
903
Charitable activities
Childcare
356,277
Total
357,180
NET INCOME/(EXPENDITURE)
(9,317)
Transfers between funds
11
(39,394)
Net movement in funds
(48,711)
RECONCILIATION OF FUNDS
Total funds brought forward
41,032
TOTAL FUNDS CARRIED FORWARD
(7,679)		 Restricted
funds
£
1
65,621
65,622
-
102,891
102,891
(37,269)
39,394
2,125
(4,297)
(2,172)		 2021
Total
funds
£
209
413,276
413,485
903
459,168
460,071
(46,586)
-
(46,586)
36,735
(9,851)		 2020
Total
funds
£
22,535
410,668
433,203
-
448,462
448,462
(15,259)
-
(15,259)
51,994
36,735

The notes form part of these financial statements

Page 7

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

BALANCE SHEET 31ST AUGUST 2021

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
6
16,502
7,283
CURRENT ASSETS
Debtors
7
22,554
-
Cash at bank
3,729
-
26,283
-
CREDITORS
Amounts falling due within one year
8
(50,462)
(4,000)
NET CURRENT ASSETS/(LIABILITIES)
(24,179)
(4,000)
TOTAL ASSETS LESS CURRENT
LIABILITIES
(7,677)
3,283
CREDITORS
Amounts falling due after more than one year
9
-
(5,457)
NET ASSETS
(7,677)
(2,174)
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
Total
funds
£
23,785
22,554
3,729
26,283
(54,462)
(28,179)
(4,394)
(5,457)
(9,851)
(7,677)
(2,174)
(9,851)		 2020
Total
funds
£
29,337
26,339
32,105
58,444
(42,180)
16,264
45,601
(8,866)
36,735
41,032
(4,297)
36,735

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

Page 8

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

BALANCE SHEET - continued 31ST AUGUST 2021

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 25th May 2022 and were signed on its behalf by:

S J Driscoll - Trustee

The notes form part of these financial statements

Page 9

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 10

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 5,552 8,448

3. TRUSTEES' REMUNERATION AND BENEFITS

C F Boddington, S J Driscoll, S M Gallear, T J John, S Thomas and J Walters were employees and trustees of the charity during the year. The employees were paid solely for their roles in childcare, management and administration. No remuneration or benefits were given for acting as a trustee of the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st August 2021 nor for the year ended 31st August 2020.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Manager
Deputy Manager
Supervisor
Assistant
Auxiliary		 2021
1
5
1
18
6
31		 2020
1
5
1
18
6
31

No employees received emoluments in excess of £60,000.

Page 11

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
22,535
Charitable activities
Childcare
317,887
Total
340,422
EXPENDITURE ON
Charitable activities
Childcare
335,631
NET INCOME/(EXPENDITURE)
4,791
Transfers between funds
(21,538)
Net movement in funds
(16,747)
RECONCILIATION OF FUNDS
Total funds brought forward
57,779
TOTAL FUNDS CARRIED FORWARD
41,032		 Restricted
funds
£
-
92,781
92,781
112,831
(20,050)
21,538
1,488
(5,785)
(4,297)		 Total
funds
£
22,535
410,668
433,203
448,462
(15,259)
-
(15,259)
51,994
36,735

Page 12

BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

6. TANGIBLE FIXED ASSETS

Fixtures
and
fittings
£
COST
At 1st September 2020 and 31st August 2021
100,983
DEPRECIATION
At 1st September 2020
83,147
Charge for year
2,676
At 31st August 2021
85,823
NET BOOK VALUE
At 31st August 2021
15,160
At 31st August 2020
17,836
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Motor
vehicles
£
15,219
4,498
2,681
7,179
8,040
10,721		 Office
equipment
£
975
195
195
390
585
780
2021
£
21,288
1,266
22,554		 Totals
£
117,177		 Totals
£
117,177
87,840
5,552
93,392
23,785
29,337
2020
£
24,699
1,640
26,339

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 10)
Other loans (see note 10)
Trade creditors
Social security and other taxes
Accruals and deferred income
9.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 10)
10.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans
Amounts falling due between two and five years:
Bank loans		 2021
£
5,545
7,448
5,235
7,175
29,059
54,462
2021
£
5,457
2021
£
1,545
4,000
7,448
12,993
4,000
1,457		 2020
£
4,000
8,125
7,294
1,649
21,112		 2020
£
4,000
8,125
7,294
1,649
21,112
42,180
2020
£
8,866
2020
£
-
4,000
8,125
12,125
4,000
4,866		 2020
£
8,866
2020
£
-
4,000
8,125
4,000
4,866

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

11. MOVEMENT IN FUNDS

At 1.9.20
£
Unrestricted funds
General fund
41,032
Restricted funds
Restricted fund
(10,707)
Other fixed assets
6,410
(4,297)
TOTAL FUNDS
36,735
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
Other fixed assets
TOTAL FUNDS		 Net
movement
in funds
£
(9,315)
(36,309)
(962)
(37,271)
(46,586)
Incoming
resources
£
347,863
65,622
-
65,622
413,485		 Transfers
between
At
funds
31.8.21
£
£
(39,394)
(7,677)
39,394
(7,622)
-
5,448
39,394
(2,174)
-
(9,851)
Resources
Movement
expended
in funds
£
£
(357,178)
(9,315)
(101,931)
(36,309)
(962)
(962)
(102,893)
(37,271)
(460,071)
(46,586)

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.9.19
in funds
£
£
Unrestricted funds
General fund
57,779
4,791
Restricted funds
Restricted fund
(13,326)
(18,919)
Other fixed assets
7,541
(1,131)
(5,785)
(20,050)
TOTAL FUNDS
51,994
(15,259)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
340,422
Restricted funds
Restricted fund
92,781
Other fixed assets
-
92,781
TOTAL FUNDS
433,203		 Transfers
between
At
funds
31.8.20
£
£
(21,538)
41,032
21,538
(10,707)
-
6,410
21,538
(4,297)
-
36,735
Resources
Movement
expended
in funds
£
£
(335,631)
4,791
(111,700)
(18,919)
(1,131)
(1,131)
(112,831)
(20,050)
(448,462)
(15,259)

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st August 2021.

13. FLYING START

The restricted fund is based on money received from 'Flying Start', a government initiative implemented in areas of economic difficulty and is used to provide preschool education. Funds received from The Development Bank of Wales, specifically for the purposes of replenishing reserves also form part of the restricted fund.

14. LIABILITY OF MEMBERS

Every member of the charity undertakes to contribute such amount as may be required (not exceeding £1) to the charity's assets if it should be wound up while he/she is a member or within one year after he/she ceases to be a member, for the payment of the charity's debts and liabilities contracted before he/she ceases to be a member, and of the costs, charges nad expenses of winding up, and for the adjustment rights of the contributors among themselves.

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Charitable activities
Fundraising
30 Hours
Fees
Flying Start
Grants
Assisted Places
1:1 Funding
Total incoming resources
EXPENDITURE
Other trading activities
Bad debts
Support costs
Governance costs
Wages
Accountancy fees
Groceries
Training
Fuel/Escorts
Admin
Rent
Licences
Membership
Trips/Treats
Uniform
Carried forward		 2021
£
209
454
68,713
179,299
65,621
69,070
30,119
-
413,276
413,485
903
377,413
2,832
21,324
1,864
2,219
4,220
15,460
301
-
37
98
425,768		 2020
£
22,535
810
61,895
144,897
92,781
102,625
6,158
1,502
410,668
433,203
-
338,324
2,160
17,579
540
2,509
4,002
13,903
294
252
324
271
380,158

This page does not form part of the statutory financial statements

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BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

Governance costs
Brought forward
Equipment
Insurance
Utilities
Building
Depreciation
Donations
Bank interest
Bank loan interest
PAYE interest
Total resources expended
Net expenditure		 2021
£
425,768
3,981
4,954
9,207
8,150
5,551
-
165
1,392
-
459,168
460,071
(46,586)		 2020
£
380,158
5,005
2,672
7,721
43,517
8,449
57
184
693
6
448,462
448,462
(15,259)

This page does not form part of the statutory financial statements

Page 19