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2021-03-31-accounts

Patrons Christopher Khoo DL & Naomi Khoo and Helene Raynsford

Company Registration Number: 07279320 Charity Number: 1137609

Dingley Family and Specialist Early Years Centres (Limited by guarantee) Financial Statements Year ended 31 March 2021

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Contents Year ended 31 March 2021

Page Legal and Administrative information ................................................................................................... 1 Directors’ annual report ........................................................................................................................ 3 Independent Examiner’s report .......................................................................................................... 10 Statement of financial activities .......................................................................................................... 11 Balance sheet..................................................................................................................................... 13 Statement of cash flows ..................................................................................................................... 14 Notes to the financial statements ....................................................................................................... 15

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Legal and Administrative information Year ended 31 March 2021

The Trustee Board presents their report, together with the financial statements, for the period from 1 April 2020 to 31 March 2021.

Reference and administrative details of the charity, its directors and advisors

Dingley's Promise is a registered charity, number 1137609 and is a charitable company limited by guarantee, number 07279320.

The charity number, company number, present Trustees (being directors of the charitable company) and advisors are noted below:

Trustee Board

The members of the Trustee Board (who are also the directors of the charitable company) during the period were as follows:

Chair: Mr Michael Scheepers (appointed 1 April 2021) (David Ormrod resigned 31 March 2021)
Deputy Chair: Mr Russ Fowler (appointed 26 November 2020)
Treasurer: Mr Peter Brogden (appointed 28 May 2020)
Secretary: Mr Osama Bader (appointed 25 March 2021)
Trustees: Mr Nick Richards (appointed 23 January 2013, resigned 3 September 2020)
Mrs Lorna Fairbairn (appointed 26 October 2017)
Mrs Helen Amner Munslow (appointed 14 June 2018)
Ms Jacqueline Ann Napier-Munn (appointed 16 August 2018, resigned 25 June 2020)
Mr Jason Daniels (appointed 25 April 2019, resigned 30 July 2020)
Mr Giles Beattie (appointed 23 April 2020, resigned 25 February 2021)
Ms Pritpal Virk (appointed 3 September 2020)
Ms Lucie Harris (appointed 29 October 2020)
Ms Joy Essien (appointed 26 November 2020)
Ms Myra Kelly (appointed 25 March 2021)

Mr David Ormrod was appointed Honorary President on 1[st] April 2021.

We currently have no parent representatives at any of our centres, but one of the Trustees listed above (Helen Amner Munslow) is a Parent Trustee.

Two Patrons, Christopher Khoo DL and Naomi Khoo, were appointed in January 2018, and a further Patron, Helene Raynsford was appointed in June 2018.

Company registered number

07279320

Charity number

1137609

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent, ME19 4JQ

Aldermore Bank Nominees Limited 1[st] Floor, Block B Western House Lynch Wood Peterborough, PE2 6FZ

Shawbrook Bank Limited Lutea House The Drive Warley Hill Business Park Great Warley Brentwood Essex, CM13 3BE

1

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Legal and Administrative information Year ended 31 March 2021

Registered office

Kennet Walk Community Centre Kenavon Drive Reading Berkshire RG1 3GD

Outreach addresses

Poplar Place Shaw Newbury Berkshire RG14 1NA

All Saints School Norrey’s Avenue Wokingham Berkshire RG40 1UX

Independent Examiner

BDO LLP R+ 2 Blagrave Street Reading Berkshire RG1 1AZ

2

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report Year ended 31 March 2021

________________ Structure, governance and management

Dingley Family and Specialist Early Years Centres is both a registered charity and a company limited by guarantee. It is governed by Articles of Association, which were approved and adopted in August 2010 (upon registration as a charitable company).

In May 2016, the company formally adopted Dingley's Promise as the new brand name, retaining Dingley Family and Specialist Early Years Centres as its registered company name. The term Dingley's Promise (or Dingley) will be used throughout the remaining narrative sections of this document where appropriate.

As we seek volunteers with new skills and experience and as, inevitably, we must replace volunteers who can no longer work with us for various reasons, the charity will have to “induct” new Trustee Directors on a reasonably regular basis. To provide a consistency and thoroughness of introduction that will maximise the new Trustee Director contribution as quickly as possible, we follow an induction process which is both simple and yet sufficiently flexible to take account of individual's needs and availability. The process is described in the Trustee Induction document dated April 2017, and includes:

Upon appointment as a Trustee Director, the Chairperson will inform Companies House and The Charity Commission of that appointment and the new Trustee Director will complete the Ofsted EY2 on-line registration process.

When appointing key management, and when reviewing their remuneration packages, external benchmarking is undertaken against directly compatible roles, wherever possible. The Trustee Board is responsible for setting and agreeing the remuneration package of the CEO. The CEO reviews and recommends changes to the remuneration packages of his/her direct reports (see below), which must be agreed by the Trustee Board who will bear in mind the agreed expenditure budget for the relevant period.

We are aware of recent (2020) changes to the Charity Governance Code and we believe our own main principles and processes by which we govern adhere very closely to the seven principles of good governance contained within the code. As we develop our Trustee Board and ways of working, we will consciously and constantly check our progress against these principles and their underlying directional guidance.

Organisational structure and decision making process

The Trustee Board delegates day to day management of the operations of the charity to the Chief Executive Officer (CEO), Catherine McLeod MBE, who was appointed in March 2015. Since a structural reorganisation in February 2021 the CEO has three direct reports:-

During the 2020/21 financial year, to keep fully abreast of all COVID related issues and challenges, Directors meetings were held every month via Zoom teleconferencing but will revert to meetings held six times per year going forward. In between meetings decisions are made in consultation with the Chair, Deputy Chair and other Directors as required. If necessary, a special meeting of the Board is convened.

In 2016, we created an Advisory Board, and this currently comprises the following individuals:

Chris Burnell (Buildings Compliance & Development) Jacquie Hathaway (Early Years Foundation Stage & Ofsted compliance) Laxmi Patel (SEND Law) Adrian Walcott (Diversity)

3

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report (continued) Year ended 31 March 2021

Objectives and activities

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

As part of our five year strategy review in 2015 we updated our Vision and Mission statements:-

Dingley's Promise vision is 'The best start for every child' .

Our Mission Statement is ‘ We deliver life changing support to under 5’s with additional needs & disabilities and their families, by providing specialist learning through play, family support & training, and advice to mainstream settings’ .

Within this overall framework, our main objectives are:-

We also took the opportunity as part of the strategy review to bring to the fore our core values:-

The Newbury Centre operates from a building in Shaw, Newbury, which opened to families in mid-February 2015. We have a sub-lease for the building, large garden and 10 car parking spaces with Shaw Social Club which is co-terminus with their own lease with West Berkshire Council due for review and renewal in March 2024.

The Wokingham Centre operates from premises within the All Saints School in Wokingham. We have a licence to occupy this space (with 12 months notice by either party) and pay both fixed and variable (eg utilities costs) elements of rent based on the percentage of space that we occupy within the school.

The Reading Centre operates from a Reading Borough Council owned building for which we pay a peppercorn rent, but for which we must pay the buildings insurance, utilities costs and all associated building maintenance costs as part of the lease. In July 2019, in response to demands from grant providers, a new 15-year lease was put in place.

Volunteers play a very important role within the groups by assisting with fundraising, driving children to the groups, and helping in the playgroup. As a result, Dingley's Promise was nominated to receive the Queen’s Award for Voluntary Service (the MBE for charities), and the formal announcement of the receipt of that award was made in June 2011. During 2018/19, our volunteer hours (including Trustee time) totalled almost 2,800 hours..

Risk Management Statement

A detailed risk analysis was undertaken in 2014 and a Risk Policy was implemented in February 2015. The policy states that :-

4

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report (continued) Year ended 31 March 2021

The recent recruitment of a Trustee with specific oversight of Governance & Risk has led to a review of our risk management policy and processes. At onboarding stage of the new Trustee in March 2021, it was noted that the current status of the policy dated 30th September 2020 (version 0.9) was still under revision and at DRAFT version only. A subsequent desk top analysis of the current policy and the over-riding Risk Register has ascertained that due to various issues including growth in operations, changes in assigned duty holder Trustees, and the impact of the pandemic, a further holistic and systematic review is timeous and is now underway. This exercise will result in a final version of the Risk Management Policy, but in addition, new procedural management arrangement documents will be created to detail the risk management approach, these procedural documents will then be used to demonstrate compliance with the policies and be used for training, audit and monitoring as well as quality control purposes, all of which will align to the Charities and risk management guidance document (CC26), version dated June 2017.

Prior to March 2021, there had been some work undertaken on revitalising the risk register format, however due to quality issues this latest version was deemed overly complex and not fit for purpose, this has now been discarded and an earlier version has been reactivated. The earliest version had already been developed to align with guidance supplied within the CC26 and used the 5 x 5 matrix widely used in most risk management models applied within the UK which will present an effective quantitative tool to present an accurate risk profile.

As of end of this reporting period, a core Risk Committee has been formed and is tasked with undertaking a systematic joint review and upgrade of the Risk Register. The wider Trustee board are being appraised of progress and will be required to contribute as befits their specialism in due course. Role and responsibilities will be defined (within the procedural document and risk register) as befits the risk classification and ‘risk owners’ and ‘risk actionee’s’ will be assigned to promote effective ownership and management. Work is proceeding to ensure that all risk category sections are fully populated, and linkages are included to other procedural elements to show a fully compliant and stream-lined system is in place. This will enable a more focussed and quality driven approach with regards to recognising where the higher priority risk items are and then to address whether the anticipated impact may present threats or opportunities while assigning appropriate mitigation strategies.

Prior to the COVID-19 situation, our key risk remained the same - difficulty in recruiting suitable staff. Other notable risks include serious failures in following policy or procedures, workplace stress for staff, failure to comply with data protection regulations and data breaches/loss from external sources. In addition, a further notable risk is around failure to secure sufficient core funding, due to local authority changes in funding levels.

The impact of COVID-19 on our operations and funding was the subject of a separate risk assessment workshop on April 15th, 2020. This concluded that the rapid implementation of an amended Business Continuity Management Plan (BCMP), combined with vulnerability risk assessments on all staff and supported children, had successfully mitigated the risk of being unable to provide effective support services during lockdown.

At the time of writing, reduced services, but vital ones, continue to be provided by home-working staff via telephone, videoconference, and on-line resources. Some return to normal services had resumed up to mid-June 2021 until there was a Local Authority driven programme of surge testing in Reading and Wokingham districts due to an increased number of cases involving the Delta variant, this has again led to a close down of the Wokingham unit.

Clearly, the risk of reduced levels of funding was also high on the agenda, and this is covered in the following paragraphs on "Going concern"

5

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report (continued) Year ended 31 March 2021

Going concern

Our performance in recent years, even those years which resulted in an operating deficit, has always left us at the end of the year with a good cash base, a Reserves Fund to cover a managed wind-down in the event of collapse in funding (or other event resulting in forced closure), sufficient funding in all other restricted funds to cover asset values and liabilities (e.g., unspent grants) and additional unrestricted funds to develop the organisation and its services. In each of the last three years, we have operated for a time without a Fundraising Manager yet have achieved income no worse than 9% short of budget and managed our operational expenditure to match. We are aware of, and adhere to, the Charity Commission's guidance on 'Managing a charity's finances: planning, managing difficulties and insolvency (CC12)'. Under normal circumstances we firmly believe that our strong governance and management make a compelling case for Dingley's Promise to be considered a Going Concern.

During the COVID-19 pandemic we were able to adapt our services, attract emergency and routine/project funding, manage our workforce whilst improving our impact and reputation without compromising our financial strength and stability. The potential impact of COVID-19 on our organisation will largely depend on the length of time that its impact is felt across the UK, i.e. The speed of recovery of the UK economy and the ability of charitable trusts and businesses to continue to support worthy causes. However, we do believe that the worst of the COVID-19 impact on Dingley’s Promise is over. We have a proven track record of adapting our operations and finances to re-act to changing economic and social conditions, and we start the 2021/22 FY with a level of guaranteed funding greater than any previous year.

Achievements and performance

Our activities for the year to 31 March 2021 were significantly impacted by the outbreak and growth of the COVID-19 pandemic and, under advice from Public Health England, we had to close our 3 centres between 18th March and 31[st] May 2020. However, within 2 weeks of this closure we had moved our offer to online sessions for children, and support for their families, ensuring that they were not left alone in lockdown We quickly secured funding for our emergency programmes, meaning that staff working from home had laptops and secure connections, we were able to send resources home to children, and we also continued our family support work through the summer holidays for the first time in our history. From September 2020, our Centres have remained open and been running close to capacity with just a few families choosing to continue to isolate due to the pandemic. Our work has now moved on from emergency response to the period of recovery, where we support our children to recover lost learning and transition effectively to the next part of their learning journey. Overall, our charity grew significantly in both strength and influence over the period under review.

Highlights of the year include:

6

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report (continued) Year ended 31 March 2021

Financial Review

7

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Directors’ annual report (continued) Year ended 31 March 2021

Plans for future periods

Statement of directors’ responsibilities

The directors are responsible for preparing the directors’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing those financial statements the directors’ are required to:

8

Dlngley Famlly and Speciallst Early Years Centreg {Llmlted by guarantee) Dlrectors. annual report feonelnuedj Year ended 31 March 2021 The directors are responsible for ksgpin9 pfoFer $¢￿Un￿.n9 records disclos with rea$onablg accuracy At 8rky me the financial position of the charit8bl8 ¢ompany en8b18 them to 8n$ure that th¢ financial ststèrnents comply wlth thè Companig5 Acl 20C6. They are also rèsponsible for $81￿U3rd1ng Ihe a$sels of th9 ¢haritsbl8 ￿MpanY and her for taktng reasonable Steps for the prevention and detection of fraud and othar irregularils. In so f8r¥¥ the dSreetor¥ awaro.. Ihere 1$ no relev8nt a￿ountIng infomiafr'on ofwhith the £haritabl6 companys 8¢¢ountsnt is un•waTe,' and the dire¢tors have taken all steps that Ihgy ougN to havo laken to m8kE4 th$mselve5 awar• of any rev8nt ooxuntsng information and to èstablish thalthe accountant is awarè ol that infornation. Thè dIreC￿rg 8r8 responslbl for tho malnt¢nance end integrity ol the corpor ond flnanclol InfonnAfjcfj Induclecl on thè Charitable wrnpanys websit¢. Legislation In tr)e UniW ￿ngdrffi goN¢ming th8 wgpar&ti¢n and dissemination of financial staternents m8y ditsr frorn legislations in otherjurisdictons. This report has trmn prepared in aC￿rdOnr￿? With the 5pe(yal promslong ol Part IS of thg Comp8Thes Act 2006 rel8tin9 to sm811 Compan￿￿. Sign8d by ord¢r of th6 Trus*8 Director Boarrj on ,. Qh Sciiwp•rn- Chalr Company ￿￿tAtI9n nuMb•r. 07279320

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Independent Examiner’s report to the Directors of Dingley Family and Specialist Early Years Centre

I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 11 to 22.

This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity’s trustees as a body, for my work, for this report, or for the statement I have made.

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 the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of ICAEW, 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 my examination giving me cause to believe:

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.

…………………………

Heather Wheelhouse ACA

BDO LLP R+ 2 Blagrave Street Reading Berkshire RG1 1AZ

Date: ………………………… 15 September 2021

10

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Statement of financial activities for the year ended 31 March 2021

Income and endowments from:
Donations and legacies
- Donations and legacies
- Grants (note 2)
Income from investments
- Bank interest
Charitable activities
- Earned income
- Grants (note 2)
Total income and endowments
Expenditure on:
Raising funds (note 3a)
Charitable activities (note 3b)
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Fund balances brought forward at 1 April
2020
Fund balances carried forward at 31
March 2021		 Unrestricted
Funds
£
23,007
63,598
921
56,958
23,000
167,484
82,608
6,529
89,137
78,347
(72,099)
6,248
141,622
147,870
Training
Offering
£
-
9,902
-
8,090
-
17,992
1,385
40,460
41,845
(23,853)
23,853
-
-
-
Reading
£
16,967
139,452
-
53,063
42,149
251,631
368
225,601
225,969
25,662
-
25,662
9,304
34,966		 Restricted funds
Reading
Buildings
Wokingham
£
£
-
11,933
5,000
80,191
-
-
-
67,820
-
30,349
5,000
190,293
-
681
1,270
189,028
1,270
189,709
3,730
584
35,348
-
39,078
584
-
8,015
39,078
8,599		 Wokingham
Buildings
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Newbury
£
12,872
72,847
-
53,659
30,349
169,727
290
188,817
189,107
(19,380)
8,611
(10,769)
11,699
930		 Newbury
Buildings
£
-
-
-
-
-
-
-
12,393
12,393
(12,393)
4,287
(8,106)
49,040
40,934		 2021
Total
£
64,779
370,990
921
239,590
125,847
802,127
85,332
664,098
749,430
52,697
-
52,697
219,680
272,377		 2020
Total
£
103,948
127,507
775
204,938
210,347
647,515
84,538
560,661
645,199
2,316
-
2,316
217,364
219,680

Transfers from the Unrestricted Fund to the Training, Reading and Newbury Restricted Funds are made to ensure that the balances carried forward into 2020/21 for each of these restricted funds are sufficient to cover any unspent grants and asset values.

The charitable company’s income and expenditure all relate to continuing activities. The charitable company has no recognised gains and losses other than the net movement in funds each year.

The notes on pages 15 to 22 form part of these financial statements

11

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Statement of financial activities for the year ended 31 March 2020

Income and endowments from:
Donations and legacies
- Donations and legacies
- Grants (note 2)
Income from investments
- Bank interest
Charitable activities
- Earned income
- Grants (note 2)
Total income and endowments
Expenditure on:
Raising funds (note 3a)
Charitable activities (note 3b)
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Fund balances brought forward at 1 April
2019
Fund balances carried forward at 31
March 2020		 Unrestricted
Funds
£
84,418
32,850
775
582
12,000
130,625
80,880
2,940
83,820
46,805
(19,498)
27,307
114,315
141,622
Training
Offering
£
1,320
-
-
7,809
-
9,129
-
21,809
21,809
(12,680)
7,688
(4,992)
4,992
-
Reading
£
3,352
91,317
-
49,726
28,188
172,583
991
178,036
179,027
(6,444)
2,326
(4,118)
13,422
9,304		 Restricted funds
Reading
Buildings
Wokingham
£
£
-
1,600
-
3,340
-
-
-
82,346
-
77,835
-
165,121
-
1,023
8,640
168,466
8,640
169,489
(8,640)
(4,368)
-
9,484
(8,640)
5,116
8,640
2,899
-
8,015		 Wokingham
Buildings
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Newbury
£
13,258
-
-
64,475
92,324
170,057
1,644
168,443
170,087
(30)
-
(30)
11,729
11,699		 Newbury
Buildings
£
-
-
-
-
-
-
-
12,327
12,327
(12,327)
-
(12,327)
61,367
49,040		 2020
Total
£
103,948
127,507
775
204,938
210,347
647,515
84,538
560,661
645,199
2,316
-
2,316
217,364
219,680		 2019
Total
£
89,499
-
1,107
159,816
390,834
641,256
81,823
590,473
672,296
(31,040)
-
(31,040)
248,404
217,364

Transfers from the Unrestricted Fund to the Training, Reading and Wokingham Restricted Funds are made to ensure that the balances carried forward into 2020/21 for each of these restricted funds are sufficient to cover any unspent grants and asset values.

The charitable company’s income and expenditure all relate to continuing activities. The charitable company has no recognised gains and losses other than the net movement in funds each year.

12

Dlngloy Famlly and Speclallst Earty Yearn Centres (Llmlted by guarantee} Balance sheet AS at 31 March 2021 N4)t• 2021 2020 Flxed a88•ts Tangible fixed astB 82.278 69.744 ¢urr8nt a•80ts Olh6r debtors 8nd prnpaymonts Cash at bank and in hand 27,962 243,975 9,22 210,915 Cr•dltorn: #mounts f4111n• du• wlthln on• yur Oth•r er•#rtOrn ond 8eLry 271.937 220,143 181.838) 170,2071 14•t curT•n¢ ••••ts 190,102 149.938 N•t al￿￿ 272,377 219.680 R•pr•••nt•d by.. Fund• Unrestrlclad fvndl Restricted fund3 147,861 124,609 141,623 78,057 272,J77 219,680 Th8 Dlraetors ar• 8atisfl•d that th• th8rtthb￿ company li •ntit￿tt to ex•mpUoft from th• provl•ion8 of th• Companl Act 20C6 Ith• Act) r•l•tsng to tho audit of lh• finnrJal •ttemtnts for lh• ￿•r by ￿rt￿o ol ••obon 477, arO th•t no membèr or rn•nbers h•¥• rgqU•$tod 8n audtt pursu?ntto¥ec'on 478 of th• Act. Th• Dir4￿r8 th•lr r•Spon1￿1￿118¥1or'. •n8urino that tha ¢harttbl• cf)mpMy ke•pJ ad•qu•t• •C2QLMtlng rKordi whlth e¢m￿Y ith 8•cllon 386 ot th8 Aet,, •nd prop8nng financial atstementy which oiva a •n<t fair view ol the slato of aff4irs of the ch•ritsb eompany as Ét tho end ¢1 th• fin¥nGial ￿Or and of Its r•$ults lor tlo finonrA81 y•ar In accordance with th• r•quiremonts of $8¢tions 394 and 395, and which eAThply with th• r•quiremfjnts of tho Art rola'nG to fimncial 8taternentg. so for 49 &pplicatrAe to tho ch•rrtabkn OJmp•ny. Th•M fin•neial totsm•nt have w•pargd in 9￿rdIne4 with tr* 8pe¢i&l pro￿4￿n$ ol P•rt 15 01 thg COM￿￿10• Act 2LIJ6 rglabnq to small (vmpènles. Th98e finan￿￿ ststem•nts %wJre appTo¥•d by the TnJ8t¢e Olr•ctor Board •nd authorls•d for Issue on ... .. . . .. . w•r¢ Signed o thar b8hall Sch••p•r•- c￿1r Mr P•trr Brogd• Cofflyny rnJl•tr•tlon numb•r' 07279320 Th• not4• on p•y•8 18 t• 22 forn) p•rt of th••• flnan¢lal •tat•m•nts. t3

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Statement of cash flows Year ended 31 March 2021

Statement of cash flows
Year ended 31 March 2021
_____________
Note
Cash flows from operating activities
Cash provided by operating activities
13
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash used in investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents
Cash in hand		 ______
2021
£
65,401
921
(33,262)
(32,341)
33,060
210,915
243,975
243,975		 __
2020
£
49,337
774
(8,278)
(7,504)
41,833
169,082
210,915
210,915

The notes on pages 15 to 22 form part of these financial statements.

14

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements Year ended 31 March 2021

1. Accounting policies

General information

Dingley Family and Specialist Early Years Centres is a registered charity, number 1137609, and a charitable company limited by guarantee, number 07279320, incorporated in England and Wales. The address of its registered office is Kennet Walk Community Centre, Kenavon Drive, Reading, Berkshire, RG1 3GD.

Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) – (Charities SORP(FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

A separate income and expenditure account has not been prepared as the information required by the Companies Act 2006 is given in the Statement of Financial Activities and in the notes of the financial statements.

The financial statements are prepared in pound sterling (£) and the figures are rounded to the nearest £.

Going concern

Our performance in recent years, even those years which resulted in an operating deficit, has always left us at the end of the year with a good cash base, a Reserves Fund to cover a managed wind-down in the event of collapse in funding (or other event resulting in forced closure), sufficient funding in all other restricted funds to cover asset values and liabilities (e.g., unspent grants) and additional unrestricted funds to develop the organisation and its services. In each of the last three years, we have operated for a time without a Fundraising Manager yet have achieved income no worse than 9% short of budget and managed our operational expenditure to match. We are aware of, and adhere to, the Charity Commission's guidance on 'Managing a charity's finances: planning, managing difficulties and insolvency (CC12)'. Under normal circumstances we firmly believe that our strong governance and management make a compelling case for Dingley's Promise to be considered a Going Concern.

During the COVID-19 pandemic we were able to adapt our services, attract emergency and routine/project funding, manage our workforce whilst improving our impact and reputation without compromising our financial strength and stability. The potential impact of COVID-19 on our organisation will largely depend on the length of time that its impact is felt across the UK, i.e. The speed of recovery of the UK economy and the ability of charitable trusts and businesses to continue to support worthy causes. However, we do believe that the worst of the COVID-19 impact on Dingley’s Promise is over. We have a proven track record of adapting our operations and finances to re-act to changing economic and social conditions, and we start the 2021/22 FY with a level of guaranteed funding greater than any previous year. Best case and worst case scenarios have been modelled:

• the worst case results in a deficit for 2020/21 of £83k, but we would retain a positive cash balance at the end of the year;

The Board has concluded that there is a material uncertainty as to the future of the charity but there are sufficient reserves to enable the charity to continue in the next 12 months with sufficient cash headroom, and are confident that they remain a going concern.

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees believe that whilst there is some doubt relating to future income streams, this does not give rise to a material uncertainty regarding the charity's ability to continue as a going concern. The trustees therefore believe that it is appropriate to prepare the accounts on a going concern basis.

At the start of June 2021, the charity had approximately £113,000 of cash available. The trustees have carried out sensitivity analysis that confirms that should no further income, other than what has been confirmed, be received, the charity is able to meet liabilities as they fall due for at least another 12 months from the date of approval of the financial statements.

15

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements Year ended 31 March 2021

1. Accounting policies ( continued )

Funds

Unrestricted funds represent funds of the charitable company that are not subject to any restrictions regarding their use.

Restricted funds represent funds available to meet specific expenditure as specified by the fund provider.

Income

All income is recognised in the Statement of Financial Activities when the company is legally entitled to the income, receipt is probable and the amount can be measured reliably. Income from external grants is recognised in the Statement of Financial Activities as soon as it is receivable unless donor conditions related to performance and specific deliverables apply. These grants are accounted for as the charity earns the right to consideration through performance.

Income subject to the specific wishes of the donors is treated as restricted funds.

Expenditure

Expenditure is included on an accruals basis, inclusive of any VAT, which cannot be recovered. Certain expenditure is apportioned to costs categories based on the estimated amount attributable to the activity during the year.

Depreciation

Depreciation is calculated to write off the cost less estimated residual value of fixed assets over their estimated useful lives.

Equipment – 4 years straight-line Leasehold improvements – over the remaining term of the lease

Operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activity over the period in which the cost is incurred.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

The charity contributes to a defined contributions scheme.

Significant judgements and estimates

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

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

There were no judgement or material estimation uncertainties affecting the reported financial performance in the current or prior year.

16

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

2. Grants
Assura Community Fund
Bernard Sunley Charitable Trust
Berkshire Nurses & Relief in Sickness Trust
Berkshire Community Foundation
Big Lottery Fund
Brighter Futures for Children
Children in Need
David Solomons Charitable Trust
Edward Gostling Foundation
Englefield Charitable Trusts
Ernest Hecht Charitable Trust
Gannett Community Foundation
Greenham Common Trust – Reactive Grant
Greenham Common Trust – Covid emergency fund
Greenham Common Trust -Other
Hampshire County Council
HCAC
Henry Smith Charity – FSW and outreach work
Helianthus Charitable Trust
Masonic Charitable Foundation – EYP salary
Miss Lawrence Trust
James Wise Charitable Trust
Newbury Town Council
Oxford County Council
Peter Baker
Power to Change
Reading Borough Council- Resource Unit
Reading Borough Council- COVID 19 Funding
Reading Dispensary Trust
Sovereign Housing Association
Sobell Foundation
St James’s Place Foundation
St Laurence Relief in Need Trust
Souter Charitable Trust
Sylvia Adams Charitable Trust
The Ardeola Charitable Trust
The Boshier Hinton Foundation
The Childwick Trust
The Clothworkers Foundation
The David Brownlow Foundation
The David Knight Charitable Trust
The Foyle Foundation
The FSP Foundation
The Gordon Palmer Memorial Trust
The Hobson Charity
The Julia and Hans Rausing Trust
The Louis Baylis Charitable Trust
The Morrisons Foundation
The Peter Baker Foundation
The Percy Bilton Charity
The Steven Bloch Image of Disability Charitable
Trust
The Toy Trust
Thomas Cook Children’s Charity
Thomas Curtis Charitable Trust
Training Sessions in Basingstoke
University of Reading
Wates Foundation
West Berkshire Council - Short Breaks Grant
West Berkshire Council - COVID Discretionary Grant
Wokingham Borough Council - Other
Wokingham Borough Council - Discretionary Grant
Scheme
Wokingham Borough Council - SLA
Wokingham Town Council
Wokingham United Charities – EYP salary
Wokingham United Charities		 Unrestricted
Funds
Restricted funds
Training
Offering
Reading
Reading
Building
Wokingham
Newbury
Newbury
Building
2021
Total
2020
Total
£
£
£
£
£
£
£
£
£
-
-
120
-
120
120
-
360
-
-
-
-
5,000
-
-
-
5,000
-
-
-
500
-
-
-
-
500
-
-
-
9,418
-
-
-
-
9,418
20,000
-
-
10,624
-
41,669
8,188
-
60,481
29,340
-
-
41,800
-
-
-
-
41,800
41,800
-
-
35,435
-
8,763
33,967
-
78,165
43,506
-
1,000
-
-
-
-
1,000
-
-
-
-
-
4,737
2,763
-
7,500
2,450
-
-
-
-
3,000
-
-
3,000
-
-
-
1,062
-
1,062
-
-
2,124
-
-
-
4,410
-
-
-
-
4,410
-
-
-
-
-
-
3,882
-
3,882
6,717
-
-
-
-
-
5,000
-
5,000
-
-
6,826
-
-
-
-
6,826
-
-
1,000
-
-
-
-
-
1,000
-
-
-
-
-
98
98
-
196
-
-
-
8,433
-
8,433
8,433
-
25,299
26,226
350
-
-
-
-
-
-
350
-
-
-
-
-
-
6,945
-
6,945
6,793
-
-
1,000
-
-
-
-
1,000
-
-
-
-
-
-
-
-
-
300
-
-
-
-
-
450
-
450
-
-
-
-
-
-
-
-
-
250
-
-
-
-
-
3,000
-
3,000
-
-
-
16,268
-
-
-
-
16,268
-
-
-
29,064
-
-
-
-
29,064
26,760
-
1,752
7,681
-
-
-
-
9,433
-
-
-
672
-
-
-
-
672
-
-
-
-
-
3,100
-
-
3,100
-
-
-
-
-
-
-
-
-
7,500
-
-
-
-
-
-
-
-
9,000
-
-
-
-
-
-
-
-
2,000
3,000
-
-
-
-
-
-
3,000
-
-
3,000
-
-
-
-
3,000
-
2,000
-
-
-
-
-
-
2,000
-
-
-
349
-
349
349
-
1,047
-
10,000
-
-
-
-
-
-
10,000
-
-
1,940
-
-
-
-
1,940
-
-
-
-
-
-
-
-
-
7,000
-
-
-
-
-
-
-
-
250
-
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
1,620
-
-
-
-
-
-
-
-
450
-
-
2,000
-
-
-
-
2,000
-
47,248
-
-
-
-
-
-
47,248
-
-
1,000
-
-
-
-
-
1,000
-
-
-
-
-
1,365
-
-
1,365
-
-
-
-
-
-
-
-
-
11,500
-
-
-
-
2,755
-
-
2,755
-
1,000
-
-
-
-
-
-
1,000
-
-
-
-
-
1,000
-
-
1,000
-
10,000
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
-
300
-
650
-
-
-
-
-
650
-
-
-
-
-
2,334
-
-
2,334
4,666
-
-
-
-
-
-
-
-
10,000
-
-
-
-
-
30,000
-
30,000
30,000
10,000
-
-
-
-
-
-
10,000
-
-
-
-
-
187
-
-
187
3,340
3,000
-
-
-
-
-
-
3,000
-
-
-
-
-
30,000
-
-
30,000
30,000
-
-
-
-
1,568
-
-
1,568
1,088
-
-
-
-
-
-
-
-
5,000
-
5,500
-
-
-
-
-
5,500
-
86,598
9,902
181,602
5,000
110,540
103,195
-
496,837
337,854

17

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

3. Expenditure

Unrestricted
Funds
£
a) Expenditure on raising funds
Advertising/Marketing
3,027
Fundraising purchases
8,426
Salaries, national insurance & pensions
62,335
Contractors
8,820
Fundraising – Major event costs
-
82,608
b) Expenditure on charitable activities
Salaries, national insurance & pensions
-
Contractor
-
Play equipment expenses
154
Transport costs
-
Stationery & consumables
158
Rent, rates & utilities
382
Building & garden work
-
Training & personal development
1,431
Insurance
-
Bank fees
-
Gain/Loss of asset disposal
-
Computer running costs
2,035
General purchases
8
Legal and professional fees
2,361
Special Events
-
Depreciation
-
Independent examiner’s fee
-
Accounts preparation fee
-
6,529
Reading
Centre
£
368
-
-
-
-
368
139,532
12,846
11,672
1,485
438
5,044
33,015
3,741
2,222
33
-
5,531
3,484
1,788
-
3,376
715
679
225,601		 Restricted funds
Reading
Building
Wokingham
Centre
Wokingham
Building
£
£
£
-
681
-
-
-
-
-
-
-
-
-
-
-
-
-
-
681
-
-
134,086
-
-
11,760
-
-
11,454
-
-
199
-
-
590
-
-
10,523
-
-
1,935
-
-
3,869
-
-
1,170
-
-
33
-
-
-
-
-
5,881
-
-
2,489
-
-
1,788
-
-
36
-
1,270
1,821
-
-
715
-
-
679
-
1,270
189,028
-		 Newbury
Centre
£
290
-
-
-
-
290
126,866
11,760
6,947
132
489
10,007
14,562
2,964
1,170
33
-
6,365
2,348
1,788
120
1,871
715
679
188,816		 Newbury
Building
Training
Offering
2021 Total
2020 Total
£
£
£
£
-
1,385
5,751
6,631
-
-
8,426
7,082
-
-
62,335
48,645
-
-
8,820
14,251
-
-
-
7.929
-
1,385
85,332
84,538
-
23,069
423,553
396,563
-
15,680
52,046
25,055
-
-
30,227
8,961
-
-
1,816
1,958
-
-
1,675
1,283
-
-
25,956
29,693
-
-
49,512
26,840
-
7
12,012
9,792
-
-
4,562
4,835
-
-
99
60
-
-
-
-
-
1,704
21,516
4,835
-
-
8,329
12,145
-
-
7,725
2,051
-
-
156
10,619
12,393
-
20,731
21,992
-
-
2,145
3,960
-
-
2,037
-
12,393
40,460
664,098
556,701

18

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

4.
Staff costs
Salaries
Employers NI
Employer Pension Contributions
The average number of part-time employees was
The average number of full time employees was		 2021
£
448,268
25,170
12,450
485,888
No.
31
7		 2020
£
414,756
19,923
10,530
445,209
No.
31
6

No employees received employee benefits in excess of £60,000 (2020 – Nil).

No member of the Trustee Director Board received any remuneration or expenses during the year (2020 – Nil).

The key management personnel of the charity received employee benefits totalling £201,351 (2020 - £201,939).

5. Tangible fixed assets

Leasehold
Improvements Equipment Total
£ £ £
Cost
At 31 March 2020 144,017 57,714 201,731
Additions 33,262 - 33,262
Disposals - (2,073) (2,073)
At 31 March 2021 177,279 55,641 232,920
Depreciation
At 31 March 2020 92,964 39,023 131,987
Charge for the year 14,040 6,691 20,731
Elimination of disposal - (2,073) (2,073)
At 31 March 2021 107,004 43,569 150,645
Net book value
At 31 March 2021 70,275 12,072 82,275
Net book value
At 31 March 2020 51,053 18,691 69,744

19

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

6. Debtors

Other debtors
Prepayment
7.
Creditors
Amounts falling due within one year
Trade creditors
Other taxes, social security & pensions
Accruals & other creditors
Deferred income		 2021
£
24,499
3,463
27,962		 2020
£
3,842
5,386
9,228
2021
£
10,687
12,081
8,297
50,770
81,835


2020
£
-
8,983
9,141
52,083
70,207

Income received during the year that has been deferred as it does not meet the recognition criteria as set out in the accounting policies is as follows:

----- Start of picture text -----
Unrestricted Restricted
Funds Funds 2021
Training
Reading Wokingham Newbury Total
Offering
£ £ £ £ £ £
Assura Community Fund - - 1,063 1,063 1,063 3,189
Aviva Community Funding 326 - - - - 326
AWE 4,811 - - - - 4,811
Barbara Ward Children’s Foundation 5,000 - - - - 5,000
Big Lottery Fund - - 3,116 - 3,116
Clumber Family Charitable Trust 1,000 - - - - 1,000
D Keedle - - - 250 - 250
D'Oyly Carte Charitable Trust - - - 1,365 - 1,365
Ernest Hecht Charitable Trust - - 322 322 322 966
Flintshire CC - 1,025 - - - 1,025
Genetic Disord UK - - 1,139 1,139 1,139 3,417
Greenham Common Trust - - - - 12,772 12,772
Henry Smith Charity - - - 6,325 - 6,325
Just Giving 2,250 - - - - 2,250
Masonic Charitable Foundation - - - - 1,162 1,162
Rotary Club of Reading - - 500 - - 500
Thatcham Town Council - - - - 300 300
The Good Exchange - - - - 1,996 1,996
The Peter Baker Foundation - - - - 1,000 1,000
13,387 1,025 3,024 13,580 19,754 50,770
----- End of picture text -----

20

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

7. Creditors (continued)

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted| |Funds|Funds|2020| |Training| |Reading|Wokingham|Newbury|Total| |Offering| |£|£|£|£| |Balance of 1:1 funding|-|-|-|15,741|-|15,741| |Big Lottery Fund|-|-|-|2,667|-|2,667| |Children in Need|-|-|3,667|-|3,667|7,334| |-| |D'Oyly Carte Charitable Trust|-|-|-|-|1,365| |1,365| |Englefield Charitable Trust|-|-|-|3,000|-|3,000| |Greenham Common Trust|-|-|-|-|3,000|3,000| |Hampshire County Council|1,000|-|-|-|-|1,000| |Hampshire County Council|-|650|-|-|-|650| |Henry Smith Charity|-|-|2,108|2,108|2,108|6,324| |Masonic Charitable Foundation|-|-|-|-|1,137|1,137| |Morrisons Foundation|-|-|-|1,365|-|1,365| |The Peter Baker Foundation|-|-|-|-|3,000|3,000| |Wokingham United|-|5,500|-|-|-|5,500| |1,000|6,150|5,775|26,246|12,912|52,083|

----- End of picture text -----

8. Analysis of net assets between funds

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total 2021| |£|£|£| |Tangible fixed assets|-|82,275|82,275| |Net current assets|147,868|42,234|190,102| |147,868|124,509|272,377| |Unrestricted|Restricted|Total 2020| |£|£|£| |Tangible fixed assets|-|69,744|69,744| |Net current assets|141,623|8,313|149,936| |141,623|78,057|219,680|

----- End of picture text -----

9. Reserves policy

As described in the Directors Report on page 7, the directors have reviewed and renewed the reserves policy. The new total requirement for 4 months of net operating costs, redundancy and other costs would be £116,295 (2020 - £88,751). This would be covered by:

----- Start of picture text -----
||| |---|---| |Unrestricted Funds|£96,246| |Newbury Restricted Funds|-| |Reading Restricted Funds|£17,268| |Wokingham Restricted Funds|£2,781|

----- End of picture text -----

21

Dingley Family and Specialist Early Years Centres (Limited by guarantee)

Notes to the financial statements (continued) Year ended 31 March 2021

10. Commitments under operating leases

At 31 March 2021 the company had future minimum lease payments under non-cancellable operating leases as set out below:

2021 2020
Land and Land and
buildings Other buildings Other
£ £ £ £
Within 1 year 15,952 - 15,952 -
Later than 1 year and not later than 5 years 15,600 - 23,400 -
Later than 5 years - - - -
─────── ─────── ─────── ───────
31,552 - 39,352 -
═══════ ═══════ ═══════ ═══════

11. Pensions

The charitable company runs a defined contribution scheme. The costs for the year represents the charitable company’s contributions to the scheme of £12,450 (2020 - £10,530). At the year end £3,434 (2020 - £2,516) was accrued in respect of contributions to this scheme.

12. Taxation

The charitable company is exempt from Corporation Tax on its charitable activities. The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13. Reconciliation of income/(expenditure) in funds to net cash flow from operating activities

Income/(expenditure) in funds
Add back depreciation charge
Deduct investment income shown in investing activities
(Increase)/Decrease in debtors

Increase in creditors		 2021
£
52,697
20,731
(921)
(18,734)
11,628		 2020
£
2,315
21,993
(774)
6,224
19,579
Net cash provided by operating activities 65,401 49,337

14. Related party transactions

During the year the charitable company paid training fees of £120 (2020: £nil) to Fairbairn People Development Ltd, a company which is owed by Lorna Fairbain, a director. Nothing was outstanding at the year end.

During the year the charitable company paid equipment fees of £480 (2020: £nil) to R J Morgan Fencing Ltd, a company which is owned by the spouse of Zora Morgan, the Wokingham Centre Manager.

22