MILNTHORPE FAMILY CENTRE
ANNUAL ACCOUNTS
FOR THE YEAR ENDED 31[ST] MARCH 2021
CHARITY NO. 1131829
MILNTHORPE FAMILY CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2021
Milnthorpe Family Centre exists primarily to provide care, education, and support of children and families from the surrounding area.
Officers and Directors
Simon Anstey Chairman Tejshree Mistry Treasurer Rebecca Lamb Secretary John Cushnie Director Shirley Bennett Director and named Safe Guarding director
Office Address: Independent Examiner: Milnthorpe Family Centre Andrew Lishman Firs Road, Jackson & Graham Milnthorpe, Lynn Garth, Cumbria LA7 7QF Gillinggate, Tel: 015395 64090 Kendal, Email: helen@joeysnursery.co.uk Cumbria LA9 4JB
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MILNTHORPE FAMILY CENTRE
DIRECTORS’/TRUSTEES ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2021
Section 1 Legal and Administrative Information
- Charity Name
Milnthorpe Family Centre
Other names by which the charity is known “Joeys” “Out of School Club”
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Registered Charity Number
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Company Limited by Guarantee
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For the financial year beginning
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For the financial year ending
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Charity’s principal address
1131829
No. 06843338 1[st] April 2020
31[st] March 2021
Firs Road, Milnthorpe, Cumbria LA7 7QF
- Names of Charity Trustees and company directors
Name Office Simon Anstey Chairman, Director Tejshree Mistry Treasurer Rebecca Lamb Secretary John Cushnie Director Shirley Bennett Director and Named Safe Guarding director
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Name of person (or body) entitled to appoint Trustees:The Constitution states that “The Officers and Committee Members shall be elected for one year at the Annual General Meeting. Co-opted members may join at any time on the invitation of the Committee but shall retire at the next Annual General Meeting. In the event of the death or resignation of an elected member, the vacancy shall be filled until the next Annual General Meeting by a member appointed by the Committee”
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Description of Charity objectives:To enhance the development of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
Charity’s bankers are:-
Barclays Bank PLC, Barclays Business Centre, 9 Highgate, Kendal, Cumbria LA9 4DF Sort Code: 20-45-28 Account Number: 03703908
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MILNTHORPE FAMILY CENTRE
Chairman’s – Annual Report
1st April 2020 – 31st March 2021
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MFC provides childcare and family support services to over 281 local families and children across Joeys Nursery and Out Of School Club. We work closely with families to help them access free nursery places for 2 year old and 3-4 year old children and we ensure that all families are aware of the help available towards the cost of childcare through Tax Free Childcare, Universal/Tax Credits.
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MFC has offered Family Support for families experiencing hardship, illness and social issues, by way of free childcare. This enables the parent/carer to attend meetings/appointments with other professionals or have respite to deal with/recover from a difficult time. During this year we have extended our support to allow parents to keep their places without charge during lockdowns and changes to their work life be it being on furlough or working from home. This has given parents the reassurance that the childcare will be available for them as soon as they need it. This was very important to lots of our families whose lives changed drastically.
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MFC has 5 Directors/Charity Trustees in total – John Cushnie, Tejshree Mistry (Treasurer) Rebecca Lamb (Secretary), Shirley Bennett (Ofsted Nominated Person, Named Safe Guarding Director) and myself (Chairman), guiding and governing this successful charity forward.
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MFC is run and operated by approx. 19 staff including bank staff and the Directors would like to give their continued thanks to all the employees for their hard work, commitment and support in all areas of the Charity.
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The accounts show a slight loss and it can be said that this was kept to a minimum due to the financial help of the government Coronavirus Job Retention Scheme and South Lakeland District Council.
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MFC leaves 2020/2021 in a position of strength financially, despite the prevailing economic conditions and the uncertainty of the emerging global health emergency, we go forward into the next year with optimism for the future.
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MFC has valued the partnership practice we have with Cumbria County Council and Milnthorpe Primary School over the past year and we will continue to develop this in the year ahead.
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MFC would like to take this opportunity to thank all the families and children that have accessed childcare and support from MFC during the year.
Simon Anstey Chairman Milnthorpe Family Centre
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MILNTHORPE FAMILY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2021
| 2021 Note Unrestricted Funds £ INCOMING RESOURCES 2 Incoming resources from generated funds Activities for generating funds 2,736 Other incoming resources 313,245 TOTAL INCOMING RESOURCES £315,981 £ RESOURCES EXPENDED 3 Cost of generating funds Fundraising activities and other costs - Governance costs 1,805 Other resources expended 316,979 TOTAL RESOURCES EXPENDED £318,784 £ NET INCOMING RESOURCES (2,803) NET MOVEMENT IN FUNDS Total funds brought forward 57,876 TOTAL FUNDS CARRIED FORWARD £55,073 |
2020 Total Total Funds Funds £ £ 2,736 10,295 313,245 322,966 315,981 £333,261 - 11,064 1,805 2,614 316,979 313,576 318,784 £327,254 (2,803) 6,007 57,876 51,869 £55,073 £57,876 |
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MILNTHORPE FAMILY CENTRE
BALANCE SHEET AS AT 31[ST] MARCH 2021
| Note Fixed Assets Fixtures, Fittings & Equipment 5 Additions at Cost Less Depreciation Current Assets Debtors 6 Cash at Bank and in Hand TOTAL CURRENT ASSETS Liabilities Creditors: Amounts falling due within one year 7 NET CURRENT ASSETS NET ASSETS The Funds of the Charity Unrestricted income funds: 8 TOTAL CHARITY FUNDS |
5,081 130,112 |
5,081 130,112 |
2021 2020 £ £ - 9,131 - - - (9,131) - - 4,966 126,521 131,487 73,611 55,073 57,876 55,073 £57,876 55,073 57,876 55,073 £57,876 |
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| 135,193 80,120 £ £ |
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| £ £ |
………………………………. Simon Anstey For and on behalf of the Trustees
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MILNTHORPE FAMILY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021
1. Basis of preparation
These accounts have been prepared on the basis of historic cost in accordance with accounting standards; and Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005); and the Charities Act. There has been no change to the accounting policies since last year nor have any changes been made to accounts for previous years.
2. Accounting policies
Incoming Resources
| INCOME Grants & Donations Covid-19 Grants Fundraising Children’s Room Baby Room Out of School Club Other Income Interest TOTAL INCOME £ |
2021 2020 - 8,865 68,398 - 2,258 456 175,114 176,798 29,302 62,596 40,431 83,573 478 881 - 92 315,981 £333,261 |
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MILNTHORPE FAMILY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:-
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA with the charity has unconditional entitlement to the resources.
Contractual income and performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
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MILNTHORPE FAMILY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income
This is included in the accounts when receivable.
Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Expenditure & Liabilities
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
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MILNTHORPE FAMILY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
3. Resources Expended
| 2021 | 2020 | |
|---|---|---|
| EXPENDITURE | ||
| Fundraising Expenses | - | 43 |
| Wages & Salaries | 273,554 | 241,044 |
| Staff Training & Welfare | 2,489 | 2,168 |
| Advertising | 75 | 125 |
| Premises Expenses | 7,899 | 15,078 |
| Other Grant Usage | 4,704 | 12,146 |
| Food Costs | 4,239 | 5,496 |
| Telephone, Postage and Stationery | 3,399 | 3,675 |
| I T Costs | 3,893 | 4,398 |
| Insurance | 1,434 | 1,467 |
| Depreciation | - | 9,131 |
| Repairs & Maintenance | 355 | 1,461 |
| Uniforms | - | 135 |
| Bad Debts | 1,971 |
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| Cleaning & Sundries | 11,276 | 14,142 |
| Bank Charges | 146 | 143 |
| Grant Application Costs | - | 11,021 |
| Other Legal & Professional | 1,805 | 2,614 |
| Sundry expenses | 13 | - |
| Resources | 1,534 | 2,967 |
| TOTAL EXPENDITURE | £318,784 | £327,254 |
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NOTES TO THE ACCOUNTS
MILNTHORPE FAMILY CENTRE
FOR THE YEAR ENDED 31[ST] MARCH 2021
4. Staff costs
Gross wages and salaries , employer’s national insurance and pension contributions.
5. Fixed Assets
| At Cost At 1stApril 2020 Less Depreciation at 1st April 2020 Depreciation for Year Net Book Value At 31stMarch 2020 At 31stMarch 2021 |
£ 21,967 21,967 - - - - |
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6. Debtors & Prepayments
| Trade Debtors Sundry Debtors Prepayments |
2021 2020 2,192 4,038 336 - 2,553 928 5,081 4,966 |
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NOTES TO THE ACCOUNTS
MILNTHORPE FAMILY CENTRE
FOR THE YEAR ENDED 31[ST] MARCH 2021
7. Creditors & Accruals Amounts Falling Due Within One Year
| Unallocated Grants/Reserves Account Split Received in advance Trade Creditors Accruals |
2021 2020 61,178 63,102 13,800 - 1,297 6,151 3,845 4,358 80,120 73,611 |
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8. Movement of Funds
| Unrestricted Funds | Balance Brought Forward 57,876 |
Incoming Resources 315,981 |
Outgoing Resources 318,784 |
Balance Carried Forward 55,073 |
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
MILNTHORPE FAMILY CENTRE
I report on the accounts of the Trust for the year ended 31st March 2021 which are set out on pages 4 to 11.
Respective Responsibilities of Trustees and Examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
· examine the accounts under section 145 of the Charities Act;
· to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act): and
- to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:-
(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with Section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
understanding of the accounts to be reached.
A E LISHMAN ........................................................ DATE...........................................
Fellow Member of the Association of Accounting Technicians Jackson & Graham, Lynn Garth, Gillinggate, Kendal, Cumbria, LA9 4JB
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