Firvale Children's Centre
(Registered Charity Number 1175518)
FINANCIAL STATEMENTS
for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Legal and administrative information | 2 |
| Trustees' report | 3-4 |
| Examiner's report | 5 |
| Balance sheet | 6 |
| Statement of financial activities | 7 |
| Notes to the accounts | 8 |
Firvale Children's Centre
Legal and administrative information
Trustees
Diane Haimeed Chair Anesar Shaibi Treasurer Suria Saleh Secretary Arune Janusauskaite
Registered Charity Number
1175518
Principal Address
Firvale Centre 2nd Floor Earl Marshall Road Sheffield S4 8LA
Independent Examiner
Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
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Firvale Children's Centre
Trustees' report
The Trustees present their annual report and financial statements for the year ended 31 March 2021 which are also prepared to meet the requirements for a trustees' report and accounts for the Charities Act purposes.
The financial statements comply with the Charities Act 2011, the Constitution and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities.
Structure, governance and management
The charity was established by a constitution adopted on 27 May 2004, as amended on 23 October 2004 and was entered on the Register of Charities effective from 30 November 2004.
Firvale Children's Centre is managed by a voluntary management committee.
The trustees who served during the year are listed on page 2 on the report.
The charity is organised so that trustees meet regularly to manage its affairs. There are full-time and part-time employees who manage the day to day administration of the charity.
Reserves Policy
The trustees are aiming to set aside three months running costs.
Objectives and activities
The principal activities of the charity are for the education, the advancement of education by undertaking:
To advance the education and training in particular but not exclusively, for those women granted refugee status and their dependant in need thereof so as to advance themin life and assess them to adapt within a new community.
To preserve and protect their physical and mental health, and:
The provision for facilities for recreation or other leisure time occupation with the object of improving their conditions of life by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances.
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Firvale Children's Centre
Trustees' report
Trustees responsibilities for the financial statements
Charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:
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q select suitable accounting policies and apply them consistently;
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q make judgements and estimates that are reasonable and prudent.
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q prepare the financial statements on the going concern basis unless it
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is inappropriate to presume that the charity will continue in operation.
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q state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report was approved by the Trustees on ______ and is signed on their behalf by:
Diane Haimeed Chair of trustees
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Firvale Children's Centre
Independent examiner’s report to the trustees of Firvale Children's Centre
I report on the accounts of the Charity for the year ended 31 March 2021, which are set out on pages 6 to 8.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
q examine the accounts under section 145 of the 2011 Act;
q to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
q to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
q to keep accounting records in accordance with section 130 of the 2011 Act; and q to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:______
Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Date:______
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Firvale Children's Centre
Balance Sheet as at 31 March 2021
| Notes Current Assets Debtors 2 Balance at Bank and cash in hand Total Current Assets Creditors: amounts falling due within one year 3 Creditors: amounts falling due after one year 3 Net current assets/(liabilities) Total assets less current liabilities Net Assets Represented By Funds Unrestricted |
2021 £ 23,343 108,271 131,614 (750) (19,150) 111,714 111,714 111,714 111,714 111,714 |
2020 £ 19,946 35,938 |
|---|---|---|
| 55,884 (840) (23,380) |
||
| 31,664 | ||
| 31,664 | ||
| 31,664 | ||
| 31,664 | ||
| 31,664 |
This report was approved by the Trustees on ______ and is signed on their behalf by:
Diane Haimeed
Chair of trustees
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Firvale Children's Centre
Statement of Financial Activities
for the year ended 31 March 2021
| Notes Income Grants Revenue 4 Sheffield College Parents fees Other income Total income Expenditure Salaries and National Insurance 5 Building alterations Rent and utilities Office costs Insurance Equipment and repairs Activities Nursery consumables Training Accountancy and payroll Donations Loan interest Other expenditure Total expenditure Net Income/(expenditure) for the year Total funds brought forward Total funds carried forward |
Total 2021 £ 209,208 9,917 28,414 63 247,602 148,259 - 6,046 1,338 1,259 758 - 2,179 92 1,716 1,235 2,749 1,921 167,552 80,050 31,664 111,714 |
Total 2020 £ 149,754 13,680 48,002 171 |
|---|---|---|
| 211,607 | ||
| 168,939 4,103 11,802 2,173 1,251 2,702 714 2,974 345 1,645 - 2,750 1,745 |
||
| 201,142 | ||
| 10,465 21,199 |
||
| 31,664 |
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Firvale Children's Centre
Notes to the accounts
for the year ended 31 March 2021
1 Accounting Policies
(a) Basis of preparation
The Financial Statements have been prepared in accordance with the the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities.
The Charity meets the definition of a public benefit entity as defined under FRS102.
2 Debtors
Expenditure is included on an accruals basis.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Loan | 10,000 | 10,000 | |
| HMRC Credit | 7,779 | - | |
| Other trade debtors | 5,564 | 9,946 | |
| 23,343 | 19,946 | ||
| **3 ** | Creditors: amounts falling due within one year | ||
| Th t d b th b t t id d i th ti i d ese are amoun s owe y e group u no pa ur ng e accoun ng per o |
|||
| They are in respect of: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Accountancy | 750 | 840 | |
| 750 | 840 | ||
| Creditors: amounts falling due after one year | |||
| South Yorkshire Key Fund Capital Loan | 19,150 | 23,380 | |
| **4 ** | Grants | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Revenue Grants | |||
| Sheffield City Council - FEF | 121,947 | 149,754 | |
| South Yorkshire Community Foundation | 5,000 | - | |
| South Yorrkshire Key Fund | 39,600 | - | |
| HMRC Job Retention Scheme | 42,661 | - | |
| 209,208 | 149,754 | ||
| **5 ** | Staff Costs | 2021 | 2020 |
| £ | £ | ||
| Salaries | 147,981 | 167,053 | |
| Employers N.I. | 278 | 1,886 | |
| 148,259 | 168,939 |
No trustees received any out-of-pockets expenses or were reimbursment during the accounting period.
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