**REGISTERED CHARITY NUMBER: 1169083**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR**
## **ST THOMAS' CHILDREN'S CENTRE**
_(a charitable incorporated organisation)_
**ST THOMAS' CHILDREN'S CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Statement of Financial Position**|7|
|**Notes to the Financial Statements**|8 to 13|
|**Detailed Statement of Financial Activities**|14 to 15|
**ST THOMAS' CHILDREN'S CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
The charity is a Charitable Incorporated Organisation (CIO) governed according to its constitution and its registered number is 1169083. It was established on 8 September 2016 to take forward the work of the unincorporated charity which had the charity registered charity number of 1081559.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are:
The charity works for the public benefit having as its objectives the development and education of children and young people in particular by:
- 1) Promoting their care and safety;
- 2) Promoting their education and promoting parental involvement;
- 3) Promoting their health and wellbeing;
- 4) Providing services to support then and their families and carers;
- 5) Providing services to individuals holding membership of the CIO;
- 6) To advance and develop the education and training of the staff and management team who provide the care, educational and recreation facilities.
## **Public benefit**
When reviewing the charity's objectives and aims in planning future activities the trustees have considered the Charity Commission's general guidance on public benefit.
Page 1
## **ST THOMAS' CHILDREN'S CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE**
The charity's activities are to provide a breakfast club, pre school and kids' club for children in the local area.
Demand for our services across the three sections was good and steadily increasing.
The Pre-school is registered by Ofsted to take 68 children per session. It is anticipated, as we come out of lock-down that the number of children attending per session will return to normal, particularly September 2021.
We are pleased to report attendance for the Holiday clubs is steadily increasing.
## **Employment**
As at 31 March 2021 the number staff employed by the Centre was 17.
The National Living Wage levels were met and paid as at the 1st April 2020 and will also be at 1 April 2021. Auto enrolment pensions regulations are being complied with.
Staff ratios per child have been legally adhered to. When possible, the Centre Managers have reduced levels of staffing per session in order to keep our wages costs to a minimum.
The appointment of a Special Educational Needs coordinator is imminent.
## **Covid 19**
Clearly the Covid pandemic affected our finances for the year, but we have weathered that particular storm well.
Regulations and guidance have been strictly adhered to in relation to the Covid-19 pandemic and will continue to be so until we are notified otherwise.
Some Covid-19 positive results did occur in the building, and this caused a few days closure, largely due to staff shortage.
Priority was given, as required to the children of parents who were deemed to be critical / key workers.
Staff numbers were cut accordingly, and our unused staff members were put, with their agreement, on a furlough scheme mirroring that of the official furlough government scheme.
Detailed financial monitoring has been taking place over the year to ensure we survive the Covid-19 pandemic and secure the long-term financial viability of the Centre. Happily, this has been achieved. We were grateful to receive a local council Covid grant for £25,000.
## **Conclusion**
In the day-to-day work of the Centre, providing quality care, education and recreation for all of the children who use the Centre, we can no doubt look forward to successful and more normal year during 2021/22.
The staff, their dedication and quality of work are the most valuable asset of the Centre. The Centre's success is down to the hard work and dedication of the staff and management for which we are all incredibly grateful. The parents and children who use the Centre can be confident and proud that they are using one of the best child-care services in the area.
Every effort is being made by the management and management committee during this unusual time to do the best by parents, children and staff associated with the Children's Centre in complying with government safety guidelines and to ensure the long term sustainability of the charity. A detailed risk assessment has been put into place which is regularly monitored and reviewed.
Page 2
## **ST THOMAS' CHILDREN'S CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW**
## **Financial position**
Our three main streams of income together with sundry income including a £25,000 Covid-19 grant from Boston Borough Council resulted in total income for the year of £337,666 (2020 - £347,506).
Wages costs and employer pension contributions for the year were £239,270. (2020 - £255,988). This constitutes just over 81% of our r costs against our three main streams of income. This is within our target range of 80-85% of wages cost against our three main income streams.
All other costs amounted to £46,064 (2020 - £67,710). Total costs for the year £285,334. (2020 - £323,698)
Detailed financial monitoring has been taking place over the year to ensure we survive the Covid-19 pandemic and secure the long-term financial viability of the Centre. Happily, this has been achieved. We were grateful to receive a local council Covid grant for £25,000
The Fees, Wages and Finance Committee met in January 2021 to agree the fees charged to parents as of September 2021 and set the wage rates to be paid to staff as at 1st April 2021.
The current method of short-termly financial monitoring of the income and expenses of the Centre will continue by the Chairman, Managers and Committee in the coming year. Any necessary action to ensure the long-term financial wellbeing of the Centre will be taken.
## **Reserves policy**
The reserves policy of the charity is to maintain unrestricted funds at a sufficient level which enables the charity to be able to plan, organise and operate future activities. The reserves at the year end date are at a level which the trustees consider to be adequate. The trustees will continue to monitor the reserves held by the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity has a constitution adopted on 8 September 2016.
## **Recruitment and appointment of new trustees**
Trustees are recruited from Parents and Carers who express an interest in wanting to 'put something back into the community' by volunteering to be on the trustees committee.
Persons or organisations from the wider community not directly involved with the Children's centre are also considered for membership.
1. Prospective Trustee(s) is interviewed by the Chairman and existing committee.
2. If both parties are willing to proceed, then the Induction Process is started.
## **Organisational structure**
The members of the committee shall meet not less than five times per year.
Page 3
**ST THOMAS' CHILDREN'S CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number 1169083**
**Principal address** Wyberton Low Road Boston Lincolnshire PE21 7RZ
## **Trustees**
Mrs A L Smith S L Brown A Bradley Mrs K L Wilkinson Mrs E L Martin
## **Independent Examiner**
Mr T G Godson FCA Duncan & Toplis Limited 5 Resolution Close Endeavour Park Boston Lincolnshire PE21 7TT
Approved by order of the board of trustees on 1 September 2021 and signed on its behalf by:
S L Brown - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST THOMAS' CHILDREN'S CENTRE**
## **Independent examiner's report to the trustees of St Thomas' Children's Centre**
I report to the charity trustees on my examination of the accounts of St Thomas' Children's Centre (the Trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
Mr T G Godson FCA Duncan & Toplis Limited 5 Resolution Close Endeavour Park Boston Lincolnshire PE21 7TT
Date: 6 September 2021
Page 5
## **ST THOMAS' CHILDREN'S CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
337,666
Investment income
3
55
**Total**
337,721
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
283,753
Other
1,581
**Total**
285,334
**NET INCOME**
52,387
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
121,267
**TOTAL FUNDS CARRIED FORWARD**
173,654|2020
Total
funds
£
347,506
161|
|---|---|
||347,667
321,985
1,713|
||323,698|
||23,969
97,298|
||121,267|
The notes form part of these financial statements
Page 6
**ST THOMAS' CHILDREN'S CENTRE**
## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2021**
|2021
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
4,474
**CURRENT ASSETS**
Debtors
8
4,089
Cash at bank and in hand
173,369
177,458
**CREDITORS**
Amounts falling due within one year
9
(8,278)
**NET CURRENT ASSETS**
169,180
**TOTAL ASSETS LESS CURRENT LIABILITIES**
173,654
**NET ASSETS**
173,654
**FUNDS**
11
Unrestricted funds
173,654
**TOTAL FUNDS**
173,654|2020
Total
funds
£
3,291
8,363
115,949
124,312
(6,336)
117,976
121,267
121,267
121,267
121,267|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 September 2021 and were signed on its behalf by:
S L Brown - Trustee
The notes form part of these financial statements
Page 7
**ST THOMAS' CHILDREN'S CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. STATUTORY INFORMATION**
St Thomas' Children's Centre is an unincorporated charity, registered in England and Wales. The charity's registered number and principal office address can be found on the Charity Commission website.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements are presented in pound sterling (£) which is the functional currency of the charity.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **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.
## **Government grants**
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the organisation will comply with conditions attaching to them and the grants will be received using the accrual model.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
continued...
Page 8
**ST THOMAS' CHILDREN'S CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||2021|2020|
||£|£|
|Deposit account interest|55|161|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
continued...
Page 9
**ST THOMAS' CHILDREN'S CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**5.**
**STAFF COSTS**
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2021
2020
£
£
230,323
246,231
8,947
9,757
239,270
255,988
2021
2020
17
17
Unrestricted
fund
£
347,506
161
347,667
321,985
1,713
323,698
23,969
97,298
121,267|
|---|---|
|||
continued...
Page 10
**ST THOMAS' CHILDREN'S CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **7. TANGIBLE FIXED ASSETS**
|**7.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 April 2020|4,484|2,472|6,956|
||Additions|1,393|1,371|2,764|
||At 31 March 2021|5,877|3,843|9,720|
||**DEPRECIATION**||||
||At 1 April 2020|1,644|2,021|3,665|
||Charge for year|1,092|489|1,581|
||At 31 March 2021|2,736|2,510|5,246|
||**NET BOOK VALUE**||||
||At 31 March 2021|3,141|1,333|4,474|
||At 31 March 2020|2,840|451|3,291|
|**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||2021|2020|
||||£|£|
||Other debtors||4,089|6,939|
||Prepayments||-|1,424|
||||4,089|8,363|
|**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||2021|2020|
||||£|£|
||Taxation and social security||3,843|2,851|
||Other creditors||4,435|3,485|
||||8,278|6,336|
|**10.**|**LEASING AGREEMENTS**||||
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2021
£
496
-
496|2020
£
2,996
496|
|---|---|---|
|||3,492|
continued...
Page 11
**ST THOMAS' CHILDREN'S CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
121,267
52,387
173,654
121,267
52,387
173,654
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
337,721
(285,334)
52,387
337,721
(285,334)
52,387
Net
movement
At
At 1.4.19
in funds
31.3.20
£
£
£
97,298
23,969
121,267
97,298
23,969
121,267
follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
347,667
(323,698)
23,969
347,667
(323,698)
23,969|
|---|---|
continued...
Page 12
**ST THOMAS' CHILDREN'S CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.4.19
in funds
£
£
97,298
76,356
97,298
76,356|At
31.3.21
£
173,654
173,654|
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
685,388
685,388|Resources
Movement
expended
in funds
£
£
(609,032)
76,356
(609,032)
76,356|
|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
## **13. INDEPENDENT EXAMINER**
The independent examination fee included in the accounts inclusive of VAT is £1,170 (2020 - £1,116).
Page 13
**ST THOMAS' CHILDREN'S CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Pre-school fees
Pre-school funding
Out of school fees
Photographs
Scholastic books
Hot dinners
Other income
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Rent
Water
Insurance
Light and heat
Telephone
Postage
Stationery
Sundries
Staff mileage
Equipment
Activity items
Children's gifts
Staff uniform
Premises expenses
Cleaning
Subscriptions
Training costs
Refreshments
Hot dinners
Bad debts|2021
£
17,959
244,651
40,020
340
-
3,648
31,048
337,666
55
337,721
230,323
8,947
1,652
742
1,424
2,792
1,008
269
1,693
1,140
-
83
4,205
206
1,434
4,635
6,579
5,871
763
3,796
3,040
-
280,602|2020
£
36,185
218,178
84,649
444
44
7,976
30
347,506
161
347,667
246,231
9,757
4,296
869
1,384
2,652
933
121
1,400
864
64
1,903
9,398
284
1,270
6,943
8,730
2,876
474
7,162
7,883
818
316,312|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
## **ST THOMAS' CHILDREN'S CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Other**
Fixtures and fittings
Computer equipment
**Support costs**
**Finance**
Bank charges
Card charges
**Governance costs**
Legal fees
Accountancy and payroll services
Total resources expended
**Net income**|2021
£
1,092
489
1,581
132
390
522
550
2,079
2,629
285,334
52,387|2020
£
897
816
1,713
111
502
613
2,954
2,106
5,060
323,698
23,969|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15