Registered number 07239641 Sure and Firm Foundations ## Report and Financial Statements 31 December 2023 ## **Sure and Firm Foundations Report and accounts Contents** ||**Page**| |---|---| |Charity Information|1| |Trustees' Report|2| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Statement of Financial Position|9| |Statement of Changes in Charitable Funds|10| |Statement of Cash Flows|11| |Notes to the Financial Statements|12| |Detailed Statement of Financial Activities|17| |Detailed Income and Expenditure Account|18| ## **Sure and Firm Foundations Charity Information** ## **Trustees** Wayne Bent Marcia Jones ## **Independent examiners** Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE ## **Registered office** New Life Assembly Church Hall 55a Upland Road, East Dulwich London SE22 0DA ## **Company number** 07239641 ## **Charity number** 1138204 ## **Governing document** Memorandum of Association dated April 2010 1 ## **Sure and Firm Foundations Company number: 07239641 Trustees' Report for the year ended 31 December 2023** The trustees, who are also directors for the purposes of company law, present their report and financial statements for the charitable company for the year ended 31 December 2023. The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. This report is a combined annual report that also contains a directors’ report as required by company law. The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. ## **Principal activities** The charitable company's principal activity during the year continued to be the education of children below the compulsory school age. ## **Objectives and activities** The charitable company's principal objective is the provision of recreational facilities for children below the compulsory school age in the interest of their good social welfare and doing so without discrimination and in a safe and satisfying pre-school environment. This objective finds tangible expression in our core service “My Favourite Nursery” which operates as a nursery for children aged 0 to 5 years, offering a range of activities in our Upland Road premises. ## Public benefit We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives we have set. We exist to serve people in our community without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social and physical wellbeing of those in our local community. The Charity provides a safe working environment for visitors, members, workers and volunteers and any serious incidences are reported in accordance with our safeguarding policy. There were no serious incidents during the year ended 31 December 2023. ## Fundraising The Charity does not raise funds from the public in the form of donations. 2 ## **Sure and Firm Foundations Company number: 07239641 Trustees' Report for the year ended 31 December 2023** The Charity does not use the services of a professional fundraiser or commercial participator in the process of raising funds. Also, the Charity (or any person acting on its behalf) is not subject to any voluntary scheme for regulating fundraising, or voluntary standard for fundraising in respect of activities on behalf of the Charity. The Charity (or any person acting on its behalf) has not received any complaints in regard to its fundraising activities. ## Activities during the year Along with the general running of the nursery, other activities that took place during the year included fundraising for Macmillan Cancer and various other activities for the parents, children and staff i.e. Sports Day, Graduation and Christmas plays, drama, songs etc. . ## **Financial review** ## Principal sources of funding The largest contribution to the Charity is from nursery fees paid by clients. Success is therefore measured by the number of admissions to the Nursery. ## Financial review The Charity achieved a surplus of £17,017 for the financial year. At 31 December 2023, the Charity held total funds of £155,873 – that is, £223,229 cash at the bank and in hand, £10,198 in the value of fixed assets, less creditors of £77,554. This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives. ## Reserves policy The trustees have a forecast of the level of free reserves, (that is, those funds not tied up in fixed assets) that the Charity will require to sustain its day-to-day obligations. Whilst our actual free reserves may prove sufficient, it is the trustees’ view that it is prudent to maintain the forecasted level of reserves to allow for financial flexibility and stability in light of the Charity’s dependence on voluntary enrolments. ## Investment policy The trustees have adopted a strong, socially responsible investment policy for the reserves of the Charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investment are promoted. A further factor is the need to have ready access to our reserves (as long-term funding cannot be guaranteed) so, for the current period, we have placed surplus funds in deposit accounts. ## Risk management The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels detailed above; in addition to an annual review of the controls over key financial systems carried out through an internal audit process. Internal control risks are minimised by authorisation procedures for all financial transactions; and policies and procedures are in place to ensure compliance with health and safety regulations by, and for, staff, volunteers and visitors. The trustees have identified the following principal risks and uncertainties facing the Charity and the steps taken to mitigate any of the significant risks. 3 ## **Sure and Firm Foundations Company number: 07239641 Trustees' Report for the year ended 31 December 2023** 1. Financial Uncertainties - Funding and Fees - Changes in funding or fluctuations in enrolment numbers can impact the financial stability of the Nursery. - Operational Costs Managing costs related to staffing, equipment, and facilities whilst maintaining affordability for parents. 2. Health and Safety Risks - Injuries and Accidents - Children are naturally curious and active, which can lead to falls, bumps, and other injuries. Regular risk assessments and childproofing measures are essential. - • Illnesses and Infections - Young children are more susceptible to illnesses. Maintaining high hygiene standards and having clear policies for managing sick children would help mitigate this risk. - Building Maintenance Ensuring the nursery premises are safe and well-maintained to prevent accidents and comply with safety standards. 3. Regulatory Compliance - Ofsted Inspections Nurseries in the UK must comply with the Early Years Foundation Stage (EYFS) framework and are subject to regular inspections. Non-compliance can lead to penalties or closure. - Training and Qualifications Ensuring that all staff have the necessary qualifications and ongoing training to meet regulatory requirements and provide high-quality care. The trustees have also examined other operational and business risks which the Charity faces and confirm that they have taken steps to mitigate any significant risks. ## **Structure, governance and management** ## Governing document Sure and Firm Foundations is a charitable organisation limited by guarantee, incorporated in April 2010 and registered as a charity on 28 September 2010. The company was established under a memorandum of association which established the objects and powers of the 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 £10. ## Organisational structure Sure and Firm Foundations operates as a nursery for children 5 years old and younger, under the trading name “My Favourite Nursery”. It is informally associated with New Life Assembly (Dulwich), a charity that operates as a church and from which Sure and Firm rents its premises. At their regular meetings, the board members agree the broad strategy and areas of activity for the Charity and nursery, including consideration of grant making, investment, reserves and risk management policies and performance. 4 ## **Sure and Firm Foundations Company number: 07239641 Trustees' Report for the year ended 31 December 2023** The trustees delegated the day-to-day management of the Charity to Marie St-Hilaire who is herself a trustee for New Life Assembly (Dulwich). The role involves coordinating with the local council, supervisory bodies (for example, Ofsted), as well the nursery manager who manages the nursery staff (administration, "room leaders" etc.). ## _Volunteers_ There were 6 volunteers, excluding trustees, throughout the year who aided in the running of the Charity. ## _Remuneration policy_ The Charity's remuneration policy is to set pay at or above the statutory minimum wage. Salary costs are consistent and static for permanent staff, but additional, temporary staff will need to be employed as determined by the number of children attending the nursery in accordance with regulations regarding the staff to children ratio. ## Recruitment and appointment of trustees The company directors are also charity trustees for the purposes of charity law and, under the company's Articles, are members of the Trustee Board which is the Charity's primary management body. Under the requirements of the Memorandum and Articles of Association the members of the Board are elected by the members to serve for a period of five years after which they must be re-elected at the next Annual General Meeting. Much of the Charity's work inevitably focuses upon the operation and maintenance of the children's nursery which operates under the name of “My Favourite Nursery”. The board of Trustees seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of directors, the Charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the Charity. There were no new or additional trustees recruited in the year to 31 December 2023. ## Trustee induction and training Many trustees are already familiar with the practical work of the Charity being active members of the Charity themselves and from being involved in other charities, churches and/or organisations. New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with the Charity's rules and practices. These cover: - the obligations of Trustee Board; - the operational framework for the Charity; - the current financial position and revenue generation; and - future plans and objectives. 5 **Sure and Firm Foundations Company number: 07239641 Trustees' Report for the year ended 31 December 2023** ## **Trustees** The following persons served as trustees during the year: Wayne Bent Marcia Jones ## **Trustees' responsibilities** The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website as well as: a) to prepare financial statements which show a true and fair view; b) in preparing financial statements: (i) to select suitable accounting policies and apply them on a consistent basis; and (ii) to make judgements and estimates that are prudent and reasonable; as well as c) to keep proper accounting records. ## **Disclosure of information to independent examiners** Each person who was a trustee at the time this report was approved confirms that: - so far as he is aware, there is no relevant audit information of which the Charity's independent examiner is unaware; and - he has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the Charity's independent examiner is aware of that information. The members have not required the company to obtain an audit in accordance with section 476 of the Act. This report was approved by the board on 21 August 2024 and signed on its behalf. Wayne Bent Trustee 6 Sure and Flrni Foundations Company numbw: 07239641 Trustees. Report forlhe year ended 31 Dacombor 2023 Trustees The follovAng persons served as trustees during the Far Wayne Bent Marcia Jones Tru5tses' responslbllltles Thg Truslges are r8sponsiblè for keepi1￿ accounting re￿rdS which disclose vAlh reason8EAB a¢cura¢y the finanGkql position of the Chadty and enable them to ascertain to ensure that th accounts comply wth th8 Chariiias Act 2011 8nd th8 provisions of the trust deed. They are also respon$iNe for safeguarding ble assets of the Charity and hence for taking reasonable steps for the prevention armj detecti￿ of fraud ar￿ other irregularities. The Truste88 are responsIb￿ for the Maintenar￿ and integrfty of the Charity and financlal infofrnalion included on Ihe Chartws website as well as.. a) to prepare ffinancial statements Yknith show a twe and fair vievr. b) in preparing financlal statements.. li) to select suilable accounting policies and apply thom on a L)Jnsbtsnt basls", and 1111 lo make judgements and estimates that are pwdent and reasonab￿.. as well as c) to keep propor a(£ounting recor(ts. Dlsclosurè of Inft)rmatlon to lndopondent •xamlners Each person who was a trustee at the time Ihis report was appn)ved confmis that.. so far as he is awarn, th8Te 18 no re￿vant au(rrt information of which the Charitys independent examlner is unaware" and hè has taken all the steps that he ought tr> hav8 tak8n as a in order to make hlmsdf aw8re of any rélevant audit informatK)n and to establish that the Charws independent examiner is aware of that informalK•n. The members have rKJI requlr&l tho ¢(￿panY to oblain an audit in accordance saction 476 of the Act. Thls report was approved by the board on 21 August 2024 and tls behalf. Trust ## **Sure and Firm Foundations Independent Examiner's Report to the members of Sure and Firm Foundations** I report to the trustees on my examination of the accounts of the above charitable company ('the Charity') for the year ended 31 December 2023 which are set out in pages 1 to 19. ## **Responsibilities and basis of report** As the Charity’s trustees and directors, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and the Companies Act 2006 ('the 2006 Act'). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Independent examiner’s statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination as a qualified member of the Institute of Chartered Accountants of England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Mark Jackson, BA FCA (Senior Statutory Auditor) for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE 21 August 2024 7 ## **Sure and Firm Foundations Statement of Financial Activities for the year ended 31 December 2023** |**Notes**
**Income from charitable activities**
2
Expenditure on charitable activities
**Net operating income**
Administrative expenses
Other operating income
**Operating surplus/(deficit)**
3
**Movement in funds: Net income/(expenditure)**
**Reconciliation of funds**
Net movement in funds
Total funds brought forward
Total funds carried forward|**2023**
**£**
629,787
(29,248)
600,539
(584,527)
1,005
17,017
17,017
17,017
138,856
155,873|**2022**
**£**
623,050
(40,271)
582,779
(619,501)
-
(36,722)
(36,722)
(36,722)
175,578
138,856| |---|---|---| 8 ## **Sure and Firm Foundations Company number: 07239641 Statement of Financial Position as at 31 December 2023** |**Notes**
**Fixed assets**
Tangible assets
6
**Current assets**
Cash on deposit
Cash at bank
**Creditors: amounts falling due**
**within one year**
7
**Net current assets**
**Net assets**
**Capital and reserves**
Unrestricted funds
9
**Total equity**|**2023**
**£**
10,198
215,754
7,475
223,229
(77,554)
145,675
155,873
155,873
155,873|**2022**
**£**
13,598
160,145
26,908
187,053
(61,795)
125,258
138,856
138,856
138,856| |---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. Wayne Bent Trustee Approved by the board on 21 August 2024 9 Sure and Flrm Foundatlons Company number: 07239641 Statement of Financial Position a$ at 31 December 2023 Notes 2023 2022 Flxed assets Tar#Jible assets 10.198 13,598 Currènt assèts Cash on deposlt Cash at bank 215.754 7,475 223,229 1fKJ,145 26,908 Cradilors: amounts falllng dug wfthln one year I77,5￿) 161,7951 Net curront assgts 145.675 125,258 Net assets 155.873 138,8 Capltal and reserve8 Unrestricted ftjnds 155.873 138,856 Total •qulty 155,873 138,856 Th& dlrectors are $8Usfied that the company Is entllled to exemptlon from the requirement to obtain an audit urKler seclion 47T of Ihe Compan185 Act 20(￿. The m￿nberS have not required ￿ comp8ny to obtain an audlt in acurdance th section 476 of the Act. The dlrectors a(*nowl8dg8 tsir reSFKJnsiE￿Ilkn6$ f(r cOM￿s￿ng %wth Ihe requirements of the ¢￿panIeS Ad 20Cfj vrith respect to accounting records and the preparation of accounts. The acwunls have been prepared and delivered in awxdance wth the special provi&on8 applicable to cornpan￿ sul4.ecl to the small o)mpanies regime. Wayne B&nt Tnjst pproved th oard on 21 August 2024 ## **Sure and Firm Foundations Statement of Changes in Charitable Funds for the year ended 31 December 2023** _This schedule does not form part of the statutory accounts_ |**At 1 January 2022**
Deficit for the financial year
**At 31 December 2022**
**At 1 January 2023**
Surplus for the financial year
**At 31 December 2023**|**Income and**
**Expenditure**
**account**
**£**
175,578
(36,722)
138,856
138,856
17,017
155,873|**Total**
**£**
175,578
(36,722)
138,856
138,856
17,017
155,873| |---|---|---| 10 ## **Sure and Firm Foundations Statement of Cash Flows for the year ended 31 December 2023** |**Notes**
**Operating activities**
Profit/(loss) for the financial year
Adjustments for:
Depreciation
Increase/(decrease) in creditors
Cash generated by/(used in) operating activities
**Net cash generated/(used)**
Cash generated by/(used in) operating activities
Net cash generated/(used)
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents comprise:
Cash at bank|**2023**
**£**
17,017
3,400
15,759
36,176
36,176
36,176
36,176
187,053
223,229
223,229|**2022**
**£**
(36,722)
4,533
(4,519)
(36,708)
(36,708)
(36,708)
(36,708)
223,761
187,053
187,053| |---|---|---| 11 **Sure and Firm Foundations Notes to the Financial Statements for the year ended 31 December 2023** ## **1 Summary of significant accounting policies** ## _**Basis of preparation**_ The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## _**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. Donated goods and services are recorded at their expected cost. ## _**Expenditure**_ Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery at a rate of 25% of the net book value ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007). ## _**Fund accounting: restricted and unrestricted funds**_ Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 12 **Sure and Firm Foundations Notes to the Financial Statements for the year ended 31 December 2023** 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. ## _**Going concern**_ The accounts have been prepared on the going concern basis, which assumes that the Charity will be in operational existence twelve months from the date of approval of these accounts. The trustees are satisfied that this basis is appropriate. The facts that support the conclusion of going concern are:- - the Charity's income from charitable activities has increased from the previous year - from £623,050 to £629,787 this year; - on 31 December 2023, the Charity held £215,754 cash on deposit and £7,475 cash at bank; and - the Charity had an operating surplus of £17,017 this year. There are no material uncertainties. ## _**Provisions**_ Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated ## _**Pensions**_ Contributions to defined contribution plans are expensed in the period to which they relate. ## _**Government grants**_ The accrual model (FRS 102 24.5C-G) was applied in producing these accounts; therefore grants were recognised as either relating to revenue (over the period in which the Charity recognises the related costs for which the grant was intended to compensate) or relating to assets (over the expected useful life of the asset). |**2**
**Analysis of income from charitable activities**
Nursery fees
By geographical market:
UK
**3**
**Operating surplus/(deficit)**
This is stated after charging:
Depreciation of owned fixed assets|**2023**
**£**
629,787
629,787
**2023**
**£**
3,400|**2022**
**£**
623,050
623,050
**2022**
**£**
4,533| |---|---|---| 13 ## **Sure and Firm Foundations Notes to the Financial Statements for the year ended 31 December 2023** |**4**|**Staff costs**|**2023**|**2022**| |---|---|---|---| |||**£**|**£**| ||Wages and salaries|365,132|370,179| ||Social security costs|31,885|30,491| ||Other pension costs|6,252|5,612| |||403,269|406,282| ||No employees received emoluments (excluding employer pension costs) of more than £60,000.||| ||**Average number of employees during the year**|**2023**|**2022**| ||Administration and management|6|6| ||Operational/Nursery|18|18| ||Kitchen staff|1|1| ||Maintenance|1|1| |||26|26| ## **5 Role played by general volunteers** Volunteers play a vital role in the running of the Charity and their contribution helps the Charity achieve its objectives. ## **6 Tangible fixed assets** |**Cost or valuation**
At 1 January 2023
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Carrying amount**
At 31 December 2023
At 31 December 2022|**Plant and**
**machinery**
_At cost_
**£**
62,794
62,794
49,196
3,400
52,596
10,198
13,598| |---|---| 14 ## **Sure and Firm Foundations** ## **Notes to the Financial Statements for the year ended 31 December 2023** |**7**
**Creditors: amounts falling due within one year**
**2023**
**£**
Trade creditors
1,800
Accruals and deferred income
75,754
77,554
**8**
**Deferred income**
**2023**
**£**
At 1 January
60,145
Amounts added in current period
60,125
Amounts released to income from previous periods
(44,516)
At 31 December
75,754
**9**
**Funds**
**2023**
**£**
At 1 January
138,856
Net income/(expenditure) for the financial year
17,017
At 31 December
155,873
**Reserves**
**2023**
**_Restricted and unrestricted funds_**
**£**
At 1 January
_Unrestricted funds_
138,856
Net income for the financial year
_Unrestricted funds_
17,017
At 31 December
_Unrestricted funds_
155,873
_Total funds carried forward_
155,873
Deferred income is deposits and advance receipts for Nursery fees.|**2022**
**£**
1,650
60,145
61,795
**2022**
**£**
63,314
178,050
(181,219)
60,145
**2022**
**£**
175,578
(36,722)
138,856
**2022**
**£**
175,578
(36,722)
138,856
138,856| |---|---| Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives. 15 ## **Sure and Firm Foundations Notes to the Financial Statements for the year ended 31 December 2023** ## **10 Analysis of net assets between funds** |Fixed assets
Current assets
Current liabilities|**Unrestricted**
**funds**
10,198
223,229
(77,554)
155,873|**Restricted**
**funds**
-
-
-
-|**2023**
**£**
10,198
223,229
(77,554)
155,873|**2022**
**£**
13,598
187,053
(61,795)
138,856| |---|---|---|---|---| ## **11 Related party transactions** No trustees were paid any remuneration (compensation) or received any other benefits from employment with the Charity or a related entity nor did any trustee claim expenses or had their expenses met by the Charity. As stated in the trustees report - under 'Organisational structure', the trustees delegated the dayto-day management of the Charity to Marie St-Hilaire who is herself a trustee for New Life Assembly (Dulwich), a charity that operates as a church and from which Sure and Firm rents its premises. The Rent charge was £26,000 for the year ended 31 December 2023, and £31,680 in the year to 31 December 2023. ## **12 Presentation currency** The financial statements are presented in Sterling, rounded to the nearest pound (£). ## **13 Legal form of entity and country of incorporation** Sure and Firm Foundations is an unincorporated charity and registered with the Charity Commission for England and Wales. ## **14 Principal place of business** The address of the charity's principal place of business and registered office is: New Life Assembly Church Hall 55a Upland Road, East Dulwich London SE22 0DA 16 ## **Sure and Firm Foundations Detailed Statement of Financial Activities** _also Income and Expenditure Account_ **for the year ended 31 December 2023** |**Notes**
**Income from charitable activities**
Nursery fees
2
**Expenditure on charitable activities**
Purchases (Food and drink)
School activities and travel
Swimming and external play
Sponsorship and training
Missions and donations to other charities
Other direct costs
**Net operating income**
Administrative expenses
Support costs
Governance costs
Other operating income
**Operating surplus/(deficit)**
**Movement in funds: Surplus/(deficit)**|**2023**
**£**
629,787
(17,311)
-
(2,110)
(1,790)
(6,180)
(1,857)
(29,248)
600,539
(581,127)
(3,400)
1,005
17,017
17,017|**2022**
**£**
623,050
(20,670)
(252)
(1,356)
(3,489)
(10,774)
(3,730)
(40,271)
582,779
(613,798)
(5,703)
-
(36,722)
(36,722)| |---|---|---| 17 ## **Sure and Firm Foundations** ## **Detailed Income and Expenditure Account for the year ended 31 December 2023** |**Income from charitable activities**
Nursery fees
**Expenditure on charitable activities**
Purchases (Food and drink)
School activities and travel
Swimming and external play
Sponsorship and training
Missions and donations to other charities
Other direct costs
**Administrative expenses**
Support costs
Employee costs:
Wages and salaries
Pensions
Employer's NI
Temporary staff and recruitment
Staff training and welfare
Travel and subsistence
Premises costs:
Rent
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Stationery and printing
Subscriptions
Bank charges
Insurance
Equipment expensed
Software
Repairs and maintenance
Depreciation
Sundry expenses
Support costs
Governance costs
Legal and professional costs:
Independent examination fees
Other legal and professional fees
Governance costs
_Administrative expenses_|**2023**
**£**
629,787
17,311
-
2,110
1,790
6,180
1,857
29,248
365,132
6,252
31,885
101,483
3,749
2,099
510,600
26,000
1,750
3,945
31,695
7,404
5,170
3,267
71
2,383
3,422
3,083
10,045
3,400
587
38,832
581,127
1,800
1,600
3,400
584,527|**2022**
**£**
623,050
20,670
252
1,356
3,489
10,774
3,730
40,271
370,179
5,612
30,491
124,362
3,370
3,474
537,488
31,680
3,641
4,957
40,278
8,452
4,151
2,612
246
1,237
8,618
3,707
1,722
4,533
754
36,032
613,798
1,650
4,053
5,703
619,501| |---|---|---| 18 ## **Sure and Firm Foundations** ## **Detailed Income and Expenditure Account for the year ended 31 December 2023** ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |**Other operating income**||| |Other operating income|1,005|-| 19