2021-03-31-accounts - Bright Futures Early Learning

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		31.3.21	31.3.20
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets	12	80,048	33,528
CURRENT ASSETS
Debtors	13	5,012	2,597
Cash at bank and in hand		172,328	107,232
		177440	109,829
CREDITORS
Amounts falling due within one year	14	(78,634)	(15,195)
NET CURRENT ASSETS		98&706	94,634
TOTAL ASSETSLESSCURRENT
LIABILITIES		178,754	128,162
CREDITORS
Amounts falling due after more than one year	15	(41,667)
NKT ASSETS		137,087	128,162
FUNDS	17
Unrestricted funds		137,087	128,162
TOTAL FUNDS		137,087	128,162

					31.3.21	31.3.20
				Notes
Cash flows from operating		activities
Cash generated from operations				I	73,411	36,070
Net cash provided by operating activities					73,411	36,070
Cash flows from investing		activities
Purchase oftangible fixed	assets				(58,346)	(7,727)
Interest received					31	55
Net cash used in investing	activities				(58,315)	(7,672)
Cash flows from financing		activities
New loans in year					50,000
Net cash provided by financing activities					50,000
Change in cash and cash	equivalents		in
the reporting period					65,096	28,398
Cash and cash equivalents		at the
beginning ofthe reporting		period			107i232	78,834
Cash and cash equivalents		at the end	of
the reporting period					172,328	107,232

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
							31.3.21	31.3.20
							f.
	Net income	for the	reporting			period (as per the Statement ofFinancial
	Activities)						8,925	16,783
	Adjustments	for:
	Depreciation	charges					11,826	12,392
	Interest received						(31)	(55)
	Increase in debtors						(2,415)	(1,932)
	Increase in creditors						55,106	8,882
	Net cash provided		by	operations			73,411	36,070
2.	ANALYSIS	OFCHANGES				IN NKT FUNDS
						At 1.4.20	Cash flow	At31.3.21
	Net cash
	Cash at bank	and in	hand			107,232	65,096	172@28
						107,232	65,096	172328
	Debt
	Debts falling	due within			I year		(8,333)	(8,333)
	Debts falling	due after 1			year		(41,667)	(41,667)
							(50,000)	(50,000)
	Total					107,232	15,096	122328

	Other trading activities
			31.3.21	31.3.20
	Purchases			781
7.	CHARITABLE ACTIVITIES COSTS
				Direct
				Costs
	Operation ofa children's	nursery		546,392
8.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):

The average	monthly	number ofemployees
			31.3.21	31.3.20
Management	and administration		3	3
Nursery staff			25	23
			28
No employees	received emoluments	in excess ofF60,000.

COMPARATIVES F	O	RTHE STATEMENT OF FINANCIAL ACT	IVITIES
			Unrestricted
			fund
INCOME AND ENDOWMENTS FROM
Charitable activities
Operation ofa children's		nursery	532,178
Other trading activities			1,293
Investment income			55
Other income			2,199
Total			535,725
EXPENDITURE ON
Raising funds			781
Charitable activities
Operation ofa children's		nursery	518,161
Total			518,942
NET INCOME			16,783
RECONCILIATION	OF FUNDS
Total funds brought forward			111,379
TOTAL FUNDS CARRIED FORWARD			128,162

12.	TANGIBLE FIXEDAS	SETS
			Assets	Improvements	Fixtures
			under	to	and
			construction	property	fittings	Totals
	COST
	At 1st April 2020		900	26,347	39,096	66,343
	Additions		49,116		9,230	58,346
	At 31stMarch 2021		50,016	26/47	48326	124)689
	DEPRECIATION
	At 1st April 2020			11,805	21,010	32,815
	Charge for year			4,190	7,636	11,826
	At 31stMarch 2021			15,995	28,646	44,641
	NET BOOKVALUE
	At 31stMarch 2021		50,016	IOP52	19,680	80,048
	At 31stMarch 2020		900	14,542	18,086	33,528
13.	DEBTORS:AMOUNTS	FALLING DUE	WITHIN ONE YEAR
					319.21	31.3.20
					5
	Trade debtors				5,012	398
	Other debtors					2,199
					5,012	2,597
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK			YEAR
					31.3.21	31.3.20
	Bank loans and overdrafts	(see note 16)			8,333
	Social security and other taxes				59836	10,212
	Accruals and deferred income				64,465	4,983
					78&634	15,195

15.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE	FALLING DUE AFTER MORE	THAN ONE	YEAR
						31.3.21	31.3.20
	Bank loans (see note 16)					41,667
16.	LOANS
	An analysis ofthe maturity ofloans is given below:
						31.3.21	31.3.20
	Amounts falling due within one year on demand:
	Bank loans					8333
	Amounts falling between	one	and two years:
	Bank loans					10,000
	Amounts falling due between		two and five years:
	Bank loans					30,000
	Amounts falling due in more		than five years:
	Repayable by instalments:
	Bank loans					1,667
17.	MOVEMKNT IN FUNDS
						Net
						movement	At
					At 1.4.20	in funds	31.3.21
	Unrestricted funds
	General fund				128,162	8,925	137,087
	TOTAL FUNDS				128,162	8,925	137,087
	Net movement in funds, included			in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted funds
	General fund				555/17	(546492)	8,925
	TOTAL FUNDS				555,317	(546892)	8,925