Charity registrdlion numbor.. 1161710 Eastwood Neighbourhood Nursery CIO Annual Report and Flnancial Statements for the Year Ended 31 March 2021 'Play. learn and grow togethe Eastwood Neighbourhood Nursery CIO Contents Reference and Administrative Detalls Trustees, Report 2108 Independent Examinevs Rewt Slalemenl of Financial Activities 101011 Balance Sheet 12 Notss to the Financial Statements 13to29 Eastwood Neighbourhood Nursery CIO Reference and Administrative Details Chalmian S Condliffe. Chair Trustees D Chath￿(*. Trtsasurer N Hajiani. Secretary D Condliffe M Cunninglon V Brown Senlor Manag8m8nt T8am V Brown. Manager M Cunninglon. Deputy C Amold. Finance Officer Prlncipal Office 100 FranWyn Street Hanley Stoke-on-Trenl ST13HD Charlty R¢glstratlon Number 1161710 Bankers Nat West 1 Upper Huntbatch Street Hanley Stoke on Trent ST1 1NS Independent Examlnei Da￿ Denson ACMA VAST The Dudson Centrè Hope Street stoke-on-Trent ST15DD Pag8 1 Eastwood Nelghbourhood Nursery CIO Trustees. Report The trustees present the annual Teport together with the ffinarrial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisK)ns of the Statement of Recommended Practi¢0 ISORPI °Accounling and Reporting by Charities" in preparing the annual report and financial statemgnts of tho charity. Trust8aS D Chadwick, Treasurer N Hajiani, Secretsry D Condliffe M Cunnington V Brow Stru¢tur8p governance and management Nature ofgov6rnlng document The nul'sery was registered as a charity on 22 April 1993. On itie 18 May 2015 a Charitable Incorporated Organisalion ICIOI was sel up and the assets 8nd operations of the original charity wer transferred to Ihg CIO on 6 April 2016. The CIO wa5 estsblished under a constitution which outlines the objectives and powers of the charity and is govemed by the Chartbes Act 2006. Recruitment and appolntmenl of Iwst8•S There are currently four Iwste6s who are ￿spOnSible for the overall man8g&menl and control of the Charity- The appointment of Trustees is govemed by the constitution of the Charity and is mado if new trustees are required. None of the Trustees has any financial interests in the Charity. Induction and training of trustees The four trustees bring specific skills, kn￿￿edge and experien￿ into our oversight of the Charity and 8ach trustee holds oversvJhl for sp8crfic areas of lh8 business of the Charity, The training and Snduction of new Iruslees is supported by both e￿$kn"ng trusle8s and the management team. A new Iruslee is given copies of the key doujments associated wrth the govemance of the charity, the lalesl rinancia5 infoimation and accounts. and we look al how roles and responsibilities are shared across the Trustees. Oryanisational Structure The day lo day management of the nursery is delegated to the managemènt commlttee, under thè leadership of the nursery manager, wth the support of Ihe senior management team. Page 2 Eastwood Nelghbourhood Nursery CIO Trustees. Report R•latlon$hlp$ wlth rolated partlos Slokts on Trent Clty Coun¢ll The ¢harity is guided by Children & Young Pw)ples s￿1¢6$ which Is based ￿thIn Stoke on Trenl City Council. Our Charity is monitored by Business Officers. Development Officers and Eady Years Consultants with regulaT visits according lo the Chariws needs. We attend Collaborative and Manager5 Meetings with these teams for advi￿ and support which is invaluable to us. Eastwood Nelghbourhood Nursery PSFA Easfvlood Neighbourhood Nursery PSFA was 8StaNished as charity by its. constitution adopted on 2 November 2016 and registered wlh the Ch8rtty Commission on 26 September 2017. Tho PSFA fundraises for Eastwood Neighbourhood Nursery CIO and is a seperalo charity with Tts, own truste& board. Two of the management team of the CIO are trustees of both the CIO and Eastwood Neighbourhood Nursery PSFA. Anothèr mefflber of the management team i¥ a trustèe of Eastwood Neighbouthood Nursery PSF Objectlves and actlvltles Objebi$ and aims To advance for the public benefit the educabon and development of d)ildren by sud) means as th8 charity Iruslees think fit and in particyjlar by. al The provision of a day nursery providing high quality care and education for childron below stslutory schocl age which promotes their care. safety and health and wellbeing bl The provision of the necessary facilities for the daily care. re(¥e8tion and education of children during out of school hour5 and school holidays. The Charity aims to gNe the children enlrusted to our ¢8re the best start in life through quality childcare and education. What we do We are a Neighbourhoc¥J Nursery located in Stoke on Trent. where a quarter of children come from a low-incoffle family. We have provided earty education and childcare for children Since 1993. We provide nursery day care for children aged O-5 yeats. We are fvnded by the local authority lo provide early education for three arKI four-year-old children. We also provide out of school care for children aged 5-14 yeats. both before and after Sch￿￿. aThl during the hdiday3. We are open from 7.30am to 6.00pm Monday lo Friday. SO weeks of the year. We are required by law lo follow the Eady yea￿ Foundalion Stage IEYFSI. This provides a structure of leaming. development and care for children from birth to five year5 old. Our staff team are important to us. Al our care staff are qualified to NVQ Level 2. 3, 4 and Foundation Degree. Our staff regularty attend update courses to maintain their skills and knowledge. and we support staff to attend wider training as part of their ongoing professional development. We also have students and volunteers who attend wr nursery on placement as a part of their training. Page 3 Eastwood Nelghbourhood Nursery CIO Trustees. Report Who we help We accept children from the local area. as well as children whose parents commute into the area for work and edtJ¢alion. We adopt a Ilexible approach lo the care package each child has, which means we can respond to and meet each famivs different needs. and make changes where needed. Making 8 difference 'Helping and supporting your child throughoul theirjoumey in nursery.. We aim to give the children trusted into our ￿re the best start in lrfe through quality childcare and education. We understand that sending a child to nursery be a drfficull choice or a decision dictated by financial needs. Our arnbilion is to create a weliyjming and inclusive environment where children can thrive, mako friends, and participate in a ranrye of act1w1￿5. We also want parents lo have Confiden￿ that IW leave their children in the hands of a compelenl. friendly, and nurturing stsff team. and in a dpan stimulating environment. The way we work wth children focuses on their we1k1￿ing. We have safeguarding policies and procedures in place lo ensure that every chikl, regardless of tsir aga, gander, r81igion, or ethnicity. are kèpt safe and their welfare priorilised. Partnershlps are key We work wth our health. social and education partners to ensure Ihat where support ft)r children and their families is needed. this is timely. co-ordinatetl and the right support is given. Our manager is the Special Needs Coordinator ISENCO) who works alongside an assistant SENCO, who liaise with d)ildren's key workers. parents. speech and language therapist. Health Visitors. in¢lusion te8m and the Earfy Years Forum. We work with our community partners to maintain and enhance our links wilh the I￿31 area. The local police and fire service are regular visitors to the Nursery and The Friends of Tientmill Nature Park enabla us to offer our children first-hand experiences of nature an(1 wildlife. We have a community room in our nursery premises. which we offer lo parents. professionals. and children to use for meetings and other activities. We work dosely with our neighb(KJr Waterside Primary School to enhance joint working opportunities. We also work dosely with WaleTSide and wwjer primary school partners to ensure that when our children are moving from nursery to school. that both children and their parents are ready for the ch8nge. Publlc Beneflt The trustees confirm that they have complied wilh the requirements of section 17 of the Charities Act 2011 to have due regard lo the public benefit guidance published by ihe Charity Commission for England and Wales. Page 4 Eastwood Neighbourhood Nursery CIO Trustees. Report What others say aljout us As a provider of childcare. the nursery is registered wilh OFSTED. Under our temis of registraliorb. we musl ensure that the care provided meets the requirements of the stalulory framewort for children's leaming, development and care. The Trustees are extremely proud lo report that the nursery was inspected followng the year end in April 2019 and awarded a rating of oulstsnding. About the last 12 months - Achlevements and perfomiance The Trustees believe the achievements and performance of the Nu￿ry over the last 12 months have continued to be oulslanding. We have a highly competent leadership team in place. wth a clear vision for the development of the Nursery. We have a motivated and stable staff team. and we are developing senior staff as part of succession planning to onsure Ihe future of the Nursery remains in the bèst of hands. As Iruslees. we continue lo be amazed by the energy al￿ resilience of our staff, and their ability to maintain a sense of humouT. This was no less so during the extraordinary times we faced following the national COVID-19 pandemic. We had to make a difficult decision lo temporarily dose the Nursery following the national lockdown in March 2020 for 3 months and furlough slaff. This was not an easy decision for us to lake. and we wll alway3 be grateful for th8 understanding of staff and parents. Some of our key achievements and performance inctud8'. Provided continuity and certainty of childcare for children and parents by r&opening the Nursery at the earliest opportunity Al the end of the financtal year. we had 69 children in our care. We have provided 2,550 hours of childcare over this period. We prepared 17 children for primary schwl. supporting their Iransibon and handover to other adults who wll continue their edLscalion joumey. We supported 6 children who were identified as haviThJ specific leaming or social difficulties. The support included Spge¢h & Language. Specific Strategies for their difficJJlty and an Earfy Years Forum Rèferral. These 5 children will be stsying with us for another 12 months. We continued to work with local colleges to offer pla￿rnents for students on (*ildcare courses. We have continued lo support environmental sustainability through the education of our children, development of our external area and changes to how we purchase and use our resources. We replaced the intemal lighting in the Nursery to LED wh￿h provides long term lighling resources and reduced costs during 2019120. We added 8n oulside door to our baby room to Bnable them to free flow. Page 5 Eastwood Neighbourhood Nursery CIO Trustees. Report Flnanclal revl8w- How we have spent and managed our mon•y Our lolal income from out Charitable Activitiès for the year was £326.724.This was an in￿88￿ on the previous year by £28,421 primarily due to assislance wth Discretionary Business Grant, Furfough and then when we re-opened in June 2020. we had an inuèased number of children attending our setting. Expenditure for the year ve tr40 perio(Js. The funds breakdown for 2020 is shown in note 16. The notes on pages 13 to 29 fom) an integral part of these financial statements. Pag8 11 Eastwood Neighbourhood Nursery CIO (Registration number: 1161710) Balance Sheet as at 31 March 2021 2021 2020 Flx•d a$$¢ts Tangible assets 12 280.232 291.361 Currgnt assots Debtors Cash al bank and in hand 13 2,955 39.199 4,306 5.788 42,154 10,094 Creditors: Amounts falling due within one year 14 4,493 8,471 Net ¢urrent assets 37,661 1,623 Nèt assèts 317.893 292.984 Funds of the charity: Restricted income funds Reslricled funds 253,361 264,841 Unrestrlcted Incom8 funds Unrestricted funds 64.532 28.143 Total funds 16 317.893 292.984 The fin I slalemenls on pages 10 to 29 were approved by the trustees. and authorised for issue and signed on their behalf by. S Condliffe Chairman The notes on pag￿ 13 to 29 fomi an inlegral part ol these financial slalemenls. Page 12 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 1 A¢¢ountlng pollcl•s Statomont of ¢ompllanco The charity is registered as a CIO Icharitsble Incorporated Organisationl with The Charity Commission for England and Wal8s. The financial slalemenls have been prepared in accordance Accounting and Reporting by Charities.. Statement of Recommended Practice 8pplicable to Charibes preparing their accounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in Oclober 20191 {Charities SORP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. Basls ot preparatlon Easiwood Neighbourhood Nursery CIO meets the definition of a Fdblic benefit entity under FRS 102. Assets and liabilities are ini118lly recognised at historical cost or transactK)n value unless otherwise stated in the relevant accounting polw not8S. Golng concern The finanaal statements have been prepared on a gryng concem basis. The Iruslees assess whelher the use of going concem 15 appropri*e i.e. whether there are any material uncertainlies relale(J lo events or condilions that may cast significant doubl on the ability of the charity lo continue as a going concem. The Irustees make this assessment in respect of a period ol one year from the dale of approval of the financial statements and have considefed the small current assets position al the balance Sheet dale. The trustees are confident that changes they have Made to the slntrcture of the nursery sessions and fees. along with increasing numbers of children. will have ar) ongoing poslive impact on the financial position of the nursery as has been seen in the financial year ended 31 March 2021. Income and endowments Voluntary income induding donations. gtfts. legacies and grants that provide core fundlng or ar8 of a general nature is recognised when the charity has enliuement to the incorne. it is probable that the income will be received and the amount can be measured with sufficient reliability- Donations and lega¢les Donations and legaoes are recognised on a receivable basis when receipt is pmbable and the amount can be reliably measured. Grants r8ceivable Grants. induding grants for the purchase of fixed assets. are recognised in lull in the stslement of financial activities in the year in which they are receivable. Page 13 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 Deferred Income Deferred income ￿preSentS amounts received for fuiure periods and is released lo incoming resources in the period forwhtch. it has been received. Such income is only deferred when.. - The donor specifies that the grant or donation must onty be used in future acoxjunting periods.. or The donor has imposed corKlitions which musl be mel before the charity ha5 uncondttion81 enlillemenl. Donated servlces and facllitles Donated services and facilits'es are included at the value to the charity where this can be quantified. The value of servies provided by volunteers has not been quantified. Ex￿ndItUTe l expenditure is reo)gnised once the￿ a legal or wnstrucliv8 obligation to that expenditure, il is probable setuement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly aitributed to particular headin-s they have been allocated on a basis consislenl with the use of resources, with central stsff o)sls allocated on Ihe basis of time spenL and depreciation Charges allocated on the portion of the asset's use. Other suprM)rt costs are allocalod based on Ihg spread of staff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in tho delivery of its aclivili8s and services for ils beneficiaries. It includes both costs that can be allocated direclly to such activities and those costs of an indirect nature necessary to support them. Governance ¢o$ts These include the costs attributable to the charitys compliance wth constitutional and slalutory requirernents, induding audit. strategic management and truslees's meetings and reimbursed expenses. Govornment grants Govemmenl grants are recognised based on the accru￿ model and are measured al the fair valu8 of the asset received or receNable. Grants are dassified as relating either to ￿VenUe OT to assets. Grants relating lo revenue are recognised in income oveT the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating lo an asset is deferred. it is recognised as deferred income. Taxation The ¢harity is cons*1ered lo pass the tests set out in Paragraph 1 Sthedule 6 of the Finance Act 2010 and therefore il meets the definition of a tharilable company for UK corporation tax purpos6s. Accordingly, the charity is potentially exempl from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxalion of Chargeable Gains Acl 1992. to Ihe extent that such income or gains are applied exdusively lo charitable purKK>ses. Page 14 Eastwood Nelghbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 Tangible fixed assets Individual fixed assgts costing £100 or more are initialty recorded at cost, less any subsequent accumulated depreciation and subsgqU8nt accumulated impaimienl losses. Depreclation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful ecOr￿niC life a5 fdlows: Page 15 Eastwood Neighbourhood Nursery CIO Notes to the Flnanclal Statements for the Year Ended 31 March 2021 Assot class Buildings Lèasehold irnprovements Fixtures. fittin9s and equipment Computers O•prn¢latlon mothod and rats 2% per annum slraighl line 10% per annum straight line 250A per 8nnum reduang balance 33UA per annum reducjng balance Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed In thè ordlnary course of buslness. Trade debtor5 are recogllised initially al the transaction pri(*. They are subsequenuy measured al amortised cost using the effective inteiesl melhod, less provision for impaimient. A provision for the impairment of is established when there is objective evidence that the will not bts able lo collect all amounts due according lo the original terms of the reL*Nables. Trade credltors Trade creditors <*re obliqations to pay for gocds or services Ihal have been bu]uired in the ordinary Course of business from suppliers. Accounts payable are dassified as current liabilities rf the does not have an unconditional right, at the end of the reporbng period. to defer setuemenl of the creditor for al least twelve months after the reporting date. If there is an unconditional right to defer settlement for al least twalve months after the repo￿n9 date, they are presented as non-current liatA'lities. Trade creditors are recognised initially al the transaction price and subsequently measured al amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are aval￿￿e for use at the trusleey's discretion in furtherance of the objectives of the charity- Reslricled incomB funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or pu￿se. Ponsions and other post rellr•m•nt obllgatlons The chaiily operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid inlo a pension fund and the charity has legal or constructive obligation lo pay further contributions even rf the lund does not hold suffioent assets lo pay all employees the benefits relating lo employee setvice in the current and prky peri￿lS. Contributions to defined contribution tAans are recognised in the Statement of Finan¢ial Activities whgn Ih8y arg due. If contribution payments exceed Ihe contribution due for service. the excess is recognised as a prepaymenl. Page 16 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 Flnanclal Instruments Classlficatlon Financial assets and financial liabilities are ree4Jgnised when the charity bgcomes a party lo the conlraclual provisions of the instrument. Financia1 liabilities and equty instruments are classified accordin9 to the substance of the conlraclual arrangements entered into. An equity instrument is any contract that evidences a residual interest in Ihe assets of the charity after deducting all of its liabilitses. Re¢ognltlon and m¢asUrnM￿t AJI financial assets and liabilities are initialty measured at transaction price {including transaction costs), except for those financial assets classified as at fair value through profil or loss, which are initially measured al fair valuo {which is nomially Ihe Iransaction price excludir)g transaction costs), unless the arra￿ernent conslilules a finan(ing transaclion. If an arrangement conslilutes 8 financing transaction. the financial asset or financial liability is measured at the present value of the future payTnenls discounted at a rnarkel rale of interest for a similar debl instnjment. Financial assgis and liabilities are only offset in the Statement of financk81 position wh8n, and only when there exists a legally enforceable right to set off Ihe recognised amounts and the charity Intends either to settle on a nel basis. or to realise the asset and setlle the liability simultaneously. Financial assets are derecognised when and only when al the wntractual rights lo the cash flows from the financial asset expire or are setued. b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asset. or c) the charity. despite having retsined some, but not all. significant risks and rewards of ownership, has transferred control of the asset lo another party. Financial liabilities are derecognised onty when the obligat￿￿ speafied in the contract is discharged. cancelled or expires. Page 17 Eastwood Neighbourhood Nursery CIO Notes to the Flnanclal Statements for the Year Ended 31 March 2021 2 In¢om• from donations and l¢ga¢l•s Unrestrlcted funds General Restrlcted tunds Total 2021 Donations and legacies., Donations from individuals Grants, including capital grants-. Govgmment grants Grants from other charities 63 58.154 1.682 3,062 4,744 59,836 3,062 62,961 58,217 Unrestrictod funds General Restrlcted funds Total 2020 Donations arHJ legacies- Donations ftom companies. trusts and similar proceeds Grants. including capital grants. Government grants 122 1,455 1.400 1.400 1.333 1.522 2.855 3 Income from charltable actlvltles UnrestrScted lunds Gen•ral Total 2021 Fees Other Funding 181,677 82.075 181,677 82,075 263,752 263,752 Unrestricted funds General Restricted funds Total 2020 Fees Other Funding 216.232 78.￿7 216.232 79.201 294 295,139 295.433 Page 18 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 4 Invastment income Unrestrfct•d fund$ Genoral Total 2021 Int6rest roceivable and similar income., Interest rtsceivable on bank depost 11 11 Unrestricted funds Genèral Total 2020 Interest receivable and similar income- Interest receivable on bank deposits 15 15 15 15 S Expenditure on charitable activities Unreslricted funds Ganeral Restricted funds Total 2021 Staff costs Food Other direct costs Rates & utilities Insurance Repairs & maintenance Travel expenses Telephone & intemel Printing. postage & slalionery Computer programmes & apps Miscellaneous Depreciation Rgnl- City Kids Unil 233,540 8.790 6.928 1,273 234,813 8,790 7,377 9,304 1.904 9,582 449 6,519 3,063 982 4,994 1.508 982 4.994 1.508 944 14,214 6,771 301.185 2.734 6.771 11.480 284.920 16.265 In addition to the expenditure analysed above. there are also governance costs of £630 (2020- £6181 which relate direcuy lo charilable activities. See note for further details. Page 19 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 Unrestrlct funds General Restrlct funds Total 2020 Stsff costs Food other direct costs Rates & utilities Insurance Repairs & malnlenance Travel expenses Telephone & intemet Printing, postsge & stationery Computer prograrrbmes & apps Miscellaneous Depreciation Rent- City Kids Unit Charges (Bank & HMRC) 236.067 12.406 7.327 13.150 1.741 5.930 263 955 5.401 535 2,545 2.384 5.494 15 236.067 12.406 8.485 13.150 1.741 5.930 263 955 5.401 535 2.545 13,700 5,494 15 1.158 11,316 294.213 12.474 306,687 6 Analysis of governan¢• and support costs Gov•rnan¢g costs Unrestrlct funds General Total 2021 Independent examiner fees Examination of the financial statements 630 630 630 630 Unrestricted funds General Total 2020 Independent examiner fees Examination of the financial statements 618 618 618 618 Page 20 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 7 Government grants Grant income of £1.682 {2020.'£1.4001 was r￿1ved from Stoke-on-Trent City Councsl as follows.. £452 SEN Funding and DLA Funding £1.230 £8,321 was received from Stoke on Trent City Council for support during COVID 19. £49,833 was received from HMRC in respect of the Job Retention Scheme. The amount of granis recognised in the financial slalemenis was £59.83612020- £1,400). There We￿ no unfulfilled conditions at the year end. There was no other form of govemment assistance in the year. vAth the eX￿PIlo￿ of the early years funding received. 8 Not incomingloutgoing r•sOur￿5 Nel incomin￿louIgoing) resources for the year include". 2021 2020 Depreciation of fixed assetq 14.214 13,700 Page 21 Eastwood Nelghbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 9 Trustoes remuneration and expenses During the year the charity made the followiThJ transactions Wth trustees: M Cunnington M Cunninglon received remuneration 01 £15.791 12020: £12.8WJ) and £Nil 12020= £Nil) of expenses wefe reimbursed lo M Cunninglon during the year. M Cunnington is employed by the nursery as the deputy manager and this is the role for which she Paid. She was appointed as a Iruslee of the tharity in the year ended 31 March 2019. This d¢¢ision was made due lo Ofsled requirements and who ￿￿thin the organisation is eligib￿ lo be th8 Igad person for Ofsled. Af(hough this was intended as a temporary measure Of5ted would still like lo see the lead person as a trustee. No pension contributions are made by the charity for M Cunniryton. The remunwation is paKI under the authority of the charitys constituti￿. Al Ine balan￿ sheet dale the amount due M Cunnington was £Nii (2020.. £Nil). V Brown V Brown re¢eiv8d r&muneiation of £19.048 12020.. £18.653) and £Nil (2020- £Nil} of expensas were reimbursed lo V Brown during the year. V Brown is employed by the nursery as the manager and this is tho role for which she is paid. Sh8 was appointed as a trustee of the charity in the year ended 31 March 2020. This decision was mado due lo Ofsled requirements and who within the organisation was eligible to be the lead person for Ofsled for the City Kids after schod club. which runs from a different premises from the nursery. The main nursery Otsled registration is planned to be transfeffed to V Brown also. but this has not yet been processed due lo administration difficulties to the Covid-19 pan¢Jemic situation. No pension contributions are made by the charity for V Brown. The remuneration is paid under Ihe authority of the thariws constitution. Al the balance Sheet dale the amount due V Brown was £Nil {2020: £Nill. No Iruslees have received any reimbursed expenses from the charity during the year. Page Y2 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 10 Staff costs The aggregate payToII costs were as folknws.. 2021 2020 Stafl costs durlng th8 y8ar were: Wages and salaries Social security costs Pension costs 226.298 6.289 2,226 234.813 225,651 8,063 2,353 236,067 Tne monthly average number of persons employed by Ihe charity during the year was as follows: 2021 2020 No No Staff Ilnduding senlor management) 20 21 Contribullons to the employee penslon schemes forthe year tolalled £2,226 (2020 - £2.353). No employee re￿Ived emoluments of more than £60.000 during the year The total employee benefits of Ihe key management personnel of the charity weTè £34.839 {2020 - £41,604}. 11 Taxatlon The charity is a registered (*aTity and is therefore exempl from laxation. Page 23 Eastwood Neighbourhood Nursery CIO Notes to the Financial Ststements forthe Year Ended 31 March 2021 12 Tangible fixed assets Land and bulldings Fumlture and equipment Computer equipment Total Cost At 1 April 2020 Additions 319,727 13,563 1.015 1,767 2.070 335,057 3.085 At 31 March 2021 319.727 14,578 3,837 338,142 Depreciation Al 1 April 2020 Charge for the year Al 31 March 2021 36,458 11.372 6,018 2.572 1,220 270 43.696 14.214 47.830 8,590 1.490 57,910 Net book value At 31 March 2021 271.897 5,988 2.347 280.232 Al 31 March 2020 283,269 7,545 547 291.361 Included wthin the nel book value of land and buildings above is £Nil (2020 £Nil} in respect of freehold land and buildings and £271.89712020- £283.2691 in respect of leaseholds. 13 Debtors 2021 2020 Trade debtors Prepayments 2.043 912 2.522 1,784 4,306 2.955 14 Creditors: amounts falling dua within one year 2021 2020 Trade creditors Other Creditors Accruals Deferred income 68 2,910 1.515 21 3,082 1.101 4,267 4.493 8.471 Page 24 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 2021 2020 Oeferred income al 1 April 2020 Resources deferred in the period Amounls released from previous periods (4.267} (4.267) 4.267 Deferred income al year end (4,267 15 Obligations undor leas•s and hire purchas• ¢ontraets Oparatlng loas8 commitmants During the year £2,226 of lease payments were made. Total fvlure minimum lease payrnents under non-cancellable operating leases are as follows= 2021 2020 other Within one year Be￿￿en one and five years 2.266 2.265 4,531 4.531 6.797 Page 25 Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2021 16 Funds Balanca at 1 Aprll 2020 Balance at 31 Mar¢h 2021 Incomlng resourc0$ Resources expended Transfers Unr•strJ¢t•d fund$ General General fund 28.143 321,980 {285,5501 (41) 64.532 Rastricted funds Building Fund Pupil Premiiirn CCTV & Intercom System Playground Project SUmmerho￿￿e & Sensory Pathway OARF Project Higher Needs Funding New FI￿ring Co-op Local Community Fund Disabilty Living Allowance 234.600 39 2.143 24,121 16.9001 227.7 39 1,607 21.106 15361 13,015) 3.436 {1,029) 2,407 452 {4831 31 500 500 3.062 {3.0621 1.230 1.240 10 Total re$trl¢ted funds 264.841 16.265 41 253,361 Total funds 292.984 326.724 301.815 317,893 Page 26 Eastwood Neighbourhood Nursery CIO Notes to the Financial Ststements for the Year Ended 31 March 2021 Balance at 1 Aprll 2019 Balance at 31 March 2020 Incomlng Ro$our¢o$ resources expended Tran$fors UnroStrlct8d funds General General fund 26.492 296.487 (294.8311 151 28.143 Restricted Building Fund Pupil Premium CCTV & Intercom System Playground Project Summerhouse & Sensory Pathway OARF Project Higher Needs Funding New Flooring 241,500 (6.9001 1255} 1715} (3.0151 234.600 39 2.143 24.121 2.858 27.136 4.000 122 200 71x1 1686} 1198} 1705) 3,436 500 Total iestrlct¢d funds 275.494 12.474 264.841 Total fund$ 301.986 298.303 307.305 292.984 Page 27 Eastwood Neighbourhood Nursery CIO Notes to the Financial Ststements for the Year Ended 31 March 2021 Thè specific purposes for whith the funds are to be appl[￿ are as follows: Buildings Fund Money received to finance the build of the nursery. Pupil Premium Money received lo provide additonal resources for pupil premium children. CCTV & Intercom Money ieceived from Commissionerfs People Power fund to purchase and install a CCTV and intercom $￿tern. Playground Project Money received from Big Lottery Awards for AJI. CTty of Stoke-orFTrent Council Community Investment Fund and donated by the Eashvood Neighbouthood Nursery PSFA to fund a new outdoor play area. Summerhouse & Sensory Path Money received from Tesco Bags of Help lo fund a quiet outdoor area, the summerhouse. and sensory pathway. There was an additional donation of £122 from Eastsvocd Neighbourhood Nursery PSFA to fund fumishings for the sum￿￿rhO￿5e. OARF Project Money received from Stoke-orpTrent Cty Council trj purchase resources to delwer phonics and maths re opportunity area funding. Higher Needs Funding Money received from Sloke-on-Trenl City Counal for an individual child attending nursery wth addibonal needs. New Flooring Money received from the Ward Budget of Sloke-on-Tfent City Counril towards the purchase of new carpels. Co-op Local Community Fund Money received to refvrbish the baby room. Disability Living Allowance Money received from Stoke• on -Trenl City Council for a (*ikl wth ad¢y￿Onal needs. Page 28 Eastwood Neighbourhood Nursery CIO Notes to the Flnancial Statements for the Year Ended 31 March 2021 17 Analysis of net a$$et$ botweon funds Unrostrl¢ted fund$ General Total funds at 31 Mar¢h 2021 Rostrlcted funds Tangible fixed assets Current assots Current liabilities 27,412 41,613 4.493 252.820 541 280,232 42,154 4.493 Total nel assets 253.361 317,893 Unrestricted funds Gonoral Total funds at 31 March 2020 Restrlcted funds Tangible fixed asse15 Current assets Current Ilabililies 27.061 264.300 541 291,361 10,094 {8.471 292,984 18.4711 28.143 Total nel assets 264.841 18 Related party transactions During the year the charity made the followng related paty transactions.. Eastwood Nelghbourhood Nursery PSFA The management team of Easiwood Neighbourhood NU￿ery CIO which includes V Brown, M Cunnington anoj C Amold, are trustees of EastsYoc)d Neighbourhood Nursery PSFA. M Cunnington is the Chair of Easiwwd Neighbouthood Nursery PSFA and also a trustee of Eastwood Neighbourhocxj Nursery CIO. V Brown us a trustee of EaslwiK)d NeighbourtKM)d Nursery PSFA and also a trustee of EaS￿￿d Neighbourhood Nursery CIO. Eastwood NeighboLJrhood Nursery PSFA fundraises arKI donates the proceeds lo Eas￿oOd N&ighbourhotyJ Nursery CIO. During the year the PSFA donated £Nil {2020'. £384110 th6 Nursery. At the balance sheet date the amount due toKrom Eastwood Neighbouthood Nursery PSFA was £Nil {2020 - £Ni5}. Pagg 29