Reply to: Sleaford Your Ref: Our Ref: JPS/OFM/SLD
St Thomas' Children's Centre Wyberton Low Road Boston Lincolnshire PE21 7RZ
15 June 2022
Dear Steve
**St Thomas' Children's Centre - Accounts for the year ended 31 March 2022**
Following finalisation of the accounts please find enclosed final copies for the year ended 31 December 2021. Please sign on pages 3 and 6.
Once the documents have been signed, a final copy will be e-mailed to you. We can provide bound copies where requested.
Kind regards.
Yours sincerely
**James Sewell BA (Hons) MBA FCA CTA CMgr FCMI** _Director_
Enc
**YOUR OFFICE Sleaford** Northgate House Northgate Sleaford NG34 7BZ T: 01529 415500
## **OUR OTHER OFFICES**
**Gainsborough** Britannia House Marshall's Yard Gainsborough DN21 2NA T: 01427 611296
**Lincoln** 15 Newland Lincoln LN1 1XG T: 01522 531341 registered office
**London** Number 11 6 Pear Tree Court London EC1R 0DW T: 020 7229 4362
**Mansfield** 25 Brunts Street Mansfield NG18 1AX T: 01623 624494
**Newark** International House Brunel Drive Newark NG24 2EG T: 01636 702100
**Nottingham** Alexandra House 43 Alexandra Street Nottingham NG5 1AY T: 0115 962 1590
**Retford** Chancery Court 34 West Street Retford DN22 6ES T: 01777 707373
action@wrightvigar.co.uk www.wrightvigar.co.uk
Wright Vigar Ltd. Company no. 4521280 Registered in England VAT no. 829 0252 35
Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. ICAEW No. C001076671
**REGISTERED CHARITY NUMBER: 1169083**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 for St Thomas' Children's Centre**
Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ
**St Thomas' Children's Centre**
## **Contents of the Financial Statements for the Year Ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**St Thomas' Children's Centre**
## **Report of the Trustees for the Year Ended 31 March 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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).
## **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 them 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, education and recreational facilities.
## **Public benefit**
When reviewing the charity's objective's and aims in planning future activities the trustees have considered the Charity Commission's general guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
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.
We are pleased to report attendance for the holiday clubs is steadily increasing.
## **Employment**
As at 31st March 2022 the number staff employed by the Centre is 18.
The National Living Wage levels were met and paid as at the 1st April 2021 and will also do so 1st April 2022. 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 took place in June 2021.
## **Buildings**
There have only been the expected routine maintenance costs incurred. All required inspections have been made (fire, etc.).
A thorough analysis of Health and Safety and Risk Assessments has been completed via our human resources consultants. This is an important aspect of the Children Centres legal obligations to ensure the safety of all children, parents and staff who use our building and as such will continue forever more.
Purchase of the 'car park land' across the road from the Centre has been completed. We have 'Possessory title' of the land and in 12 years' time (i.e. 2033) should apply for 'Absolute title'. The land can only be used as a car park and cannot be built upon.
We lease the building from Lincolnshire County Council on a ten-year lease. It expired on 28th February 2022. A process has been followed to renew the lease for another ten years to 29th February 2032. The process has yet to be completed by Lincolnshire County Council.
Page 1
**St Thomas' Children's Centre**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **FINANCIAL REVIEW**
## **Financial position**
For detailed figures, please refer to the Financial report prepared by our auditors - Wright Vigar. Figures in brackets are for the previous year 2020/2021 for comparison purposes.
Cash and Bank income and expenditure. The Children's Centre had excess income over expenditure for the year of £8,964 (£52,387).
Our four main streams of income brought in £348,118 (£306,618) and other income £17,043, (£31,048) = total income of £365,161 (£337,666).
Wages costs and employer pension contributions for the year were £291,508. (£239,270). This constitutes 83.7% of our costs against our four main streams of income. This is just within our target range of 80-85% of wages cost against our four main income streams.
All other costs amounted to £64,700 (£46,064). Total costs for the year £356,208. (£285,334)
This year has been a year of recovery from the Covid-19 pandemic. Money has been spent on projects that had been put off from the previous year (20/21).
Detailed financial monitoring has been taking place over the year to ensure the long-term financial viability of the Centre. Happily, this has been achieved.
The Fees, Wages and Finance Committee met in January 2022 to agree the fees charged to parents as of April 2022 and set the wage rates to be paid to staff as at 1st April 2022.
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 well-being 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 an adequate level. The trustees will continue to monitor the reserves held by the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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.
## **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 trustees are 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 2
**St Thomas' Children's Centre**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT The future**
Demand for our services has been returning after the pandemic. This has year has to be seen as recovery year in all ways, across the operation of the Centre.
We are pleased to report attendance for the Holiday clubs is particularly healthy.
Financially, 2022/23 is going to be a challenging year. It has been recognised we are facing three significant cost increases this coming year:
a) wage increase due to the 6.6% increase in National Living Wage regulations,
b) energy costs,
c) lease payment increase.
All of this has been considered in our budgeting for the year and has meant we have had to increase our fees for the services we provide to our parents and carers in order to ensure the sustainability of the Centre.
## **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 another successful year 2022/23.
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.
## **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** James Sewell BA (Hons) FCA CTA ICAEW Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ
19/06/2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
## SlBrown
........................................................................ SlBrown (Jun 19, 2022 09:51 GMT+1) S L Brown - Trustee
Page 3
**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 2022.
## **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.
James Sewell BA (Hons) FCA CTA ICAEW Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ
Date: .............................................
Page 4
**St Thomas' Children's Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|2022
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
365,161
Investment income
2
11
**Total**
365,172
**EXPENDITURE ON**
Raising funds
3
2,500
**Charitable activities**
Charitable activities
348,236
Other
5,472
**Total**
356,208
Net gains on investments
134
**NET INCOME**
9,098
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
173,654
**TOTAL FUNDS CARRIED FORWARD**
182,752|2021
Total
funds
£
337,666
55|
|---|---|
||337,721
-
283,753
1,581|
||285,334
-|
||52,387
121,267|
||173,654|
The notes form part of these financial statements
Page 5
**St Thomas' Children's Centre**
## **Balance Sheet**
## **31 March 2022**
|2022
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
45,541
Investments
7
47,634
93,175
**CURRENT ASSETS**
Debtors
8
9,995
Cash at bank and in hand
88,192
98,187
**CREDITORS**
Amounts falling due within one year
9
(8,610)
**NET CURRENT ASSETS**
89,577
**TOTAL ASSETS LESS CURRENT LIABILITIES**
182,752
**NET ASSETS**
182,752
**FUNDS**
10
Unrestricted funds
182,752
**TOTAL FUNDS**
182,752|2021
Total
funds
£
4,474
-
4,474
4,089
173,369
177,458
(8,278)
169,180
173,654
173,654
173,654
173,654|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19/06/2022
## SlBrown
SlBrown (Jun 19, 2022 09:51 GMT+1)
~~.........................~~ ....................
S L Brown - Trustee
The notes form part of these financial statements
Page 6
**St Thomas' Children's Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1. 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
## **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.
Improvements to property - 10% on cost Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
## **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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||2022|2021|
||£|£|
|Deposit account interest|11|55|
Page 7
continued...
**St Thomas' Children's Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **3. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**||||
|---|---|---|---|
||2022|2021||
||£|£||
|Support costs|2,500||-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|337,666|
|Investment income|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|
Page 8
continued...
**St Thomas' Children's Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
|**6.**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 1 April 2021
-
Additions
42,747
At 31 March 2022
42,747
**DEPRECIATION**
At 1 April 2021
-
Charge for year
3,436
At 31 March 2022
3,436
**NET BOOK VALUE**
At 31 March 2022
39,311
At 31 March 2021
-
**7.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
Additions
Revaluations
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 is represented by:
Valuation in 2022
Cost
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
5,877
3,843
9,720
2,802
990
46,539
8,679
4,833
56,259
2,736
2,510
5,246
1,257
779
5,472
3,993
3,289
10,718
4,686
1,544
45,541
3,141
1,333
4,474
Unlisted
investments
£
47,500
134
47,634
47,634
-
Unlisted
investments
£
134
47,500
47,634
2022
2021
£
£
9,995
4,089|
|---|---|
Page 9
continued...
**St Thomas' Children's Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Taxation and social security
Other creditors
**10.**
**MOVEMENT IN FUNDS**
At 1.4.21
£
**Unrestricted funds**
General fund
173,654
**TOTAL FUNDS**
173,654
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
365,172
(356,208)
**TOTAL FUNDS**
365,172
(356,208)
**Comparatives for movement in funds**
At 1.4.20
£
**Unrestricted funds**
General fund
121,267
**TOTAL FUNDS**
121,267
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
337,721
**TOTAL FUNDS**
337,721|2022
2021
£
£
4,445
3,843
4,165
4,435
8,610
8,278
Net
movement
At
in funds
31.3.22
£
£
9,098
182,752
9,098
182,752
Gains and
Movement
losses
in funds
£
£
134
9,098
134
9,098
Net
movement
At
in funds
31.3.21
£
£
52,387
173,654
52,387
173,654
Resources
Movement
expended
in funds
£
£
(285,334)
52,387
(285,334)
52,387|
|---|---|
Page 10
continued...
**St Thomas' Children's Centre**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **10. 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**|At 1.4.20
£
121,267
121,267|Net
movement
in funds
£
61,485
61,485|At
31.3.22
£
182,752|
|---|---|---|---|
||||182,752|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|702,893|(641,542)|134|61,485|
|**TOTAL FUNDS**|702,893|(641,542)|134|61,485|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 11
**St Thomas' Children's Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Pre-school fees
Pre-school funding
Out of school fees
Photographs
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
Equipment
Activity items
Children's gifts
Staff uniform
Premises expenses
Cleaning
Subscriptions
Training costs
Refreshments
Hot dinners
**Other**
Improvements to property
Fixtures and fittings
Computer equipment
**Support costs**
**Finance**
Bank charges
Card charges
Investment costs|2022
£
33,649
229,890
78,816
-
5,763
17,043
365,161
11
365,172
279,204
12,304
3,016
1,445
1,591
3,149
780
-
2,298
2,199
-
4,956
487
226
9,984
4,438
6,147
3,339
5,908
4,090
345,561
3,436
1,257
779
5,472
164
371
2,500
3,035|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
-
1,092
489|
|||1,581
132
390
-|
|||522|
This page does not form part of the statutory financial statements
Page 12
**St Thomas' Children's Centre**
|**Finance**
**Governance costs**
Legal fees
Accountancy and payroll services
Total resources expended
**Net income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2022**|2022
£
-
2,140
2,140
356,208
8,964|2021
£
550
2,079|
|---|---|---|---|
|||||
||||2,629|
||||285,334|
||||52,387|
This page does not form part of the statutory financial statements
Page 13