2022-03-31-accounts - Brighter Horizons

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Report from the Chair
Report ofthe Trustees		2	to	8
lndependeat Examiner's	Report
Statement ofFinancial Activities			10
BsdaacaSheet		11	to	12
Cash Flow Smtement			13
Notes to the Cash Flow	Statement		14
Notes to the Financbl Statements		15	to	20
Detailed Statement ofFinancial Activities		21	to	22

				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	fund f	fund f	funds f	fundsf
FIXKDASSETS
Tangible assets	10	18/99		18,399	24,533
CURRENT ASSETS
Debtors	11	21,590		21,590	40,889
Cash at bank and in hand		182,339	3,338	185,677	106,498
		203,929	3,338	207267	147387
CREDITORS
Amounts falling due within one year	12	(18,675)		(18,675)	(25,699)
NET CURRENT ASSETS		185,254	3,338	188,592	121,688
TOTAL ASSETSLESSCURRENT
LIABILITIES		203,653	3,338	206,991	146,221
NET ASSETS		203,653	3,338	206,991	146,221
FUNDS	13
Unrestricted funds				203,653	(46421
Restricted funds				3,338
TOTAL FUNDS				206.991	146321

					2022	2021
				Notes		f.
Cash gows from operating	activities
Cash generausI fiom operations				I	79,169	(102,320)
Net cash pmvided by/(used	in)	operating		activities	79,169	(102,320)
Cash fiovrs from investing	activities
Interest received					10	28
Net cash provided by investing		activities			10	28
Change in cash and cash aInlvaients			in
the reporting period					79,179	(102292)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				106,498	208,790
Cash and cash eqnivaleats	at	tbe end	of
the reporting period					185,677	106,498

	OPKRATING AC	mriT	IK	S
						2022	2021
	Nct income/(expenditure)			for the reporting petted (as per the
	Statemeut ofFinanchtl		Activtfles)			60,770	(95,985)
	Adjustments for.
	Depreciation charges					6,134	8,179
	Interest received Dccrcase/(increase)	in debtors				(10) 19~	(28) (28,894)
	(Decrease)rmcrease	in creditors				(7,024)	14,408
	Net cash provided	by/(used		in) operations		79,169	(102320)
2.	ANAI.YSISOFCHAN( KSIN NET FUNDS
					At 1.4.21	Cash flow	At 31322
					E
	Net cash
	Cash at bank and in	hand			106,498	79,179	185,677
					106,498	79,179	185,677
	Total				106,498	79,179	185,677

							2022	2021
	Donations						330
	Grants						8,457
	Local authority		funding				436,724	79,654
	Service user	funding					34,670
							480,1&1	79,654
	Grants received,		included	in the above, are as follows:
							2022	2021
								f
							8,457
3.	INVESI'MENT		INCOME
							2022	2021
							f
	Deposit account		interest				10	28
4.	CHARITABLE AC11VITIKSCOSIS
							Support
						Direct	costs (see
						Costs	note 5)	Totals
						331,564	118,007	449,571
5.	SUPPORT	COSTS
							Governance
				Management	Fmanca f	Other 8	costs	Totals f
	Other resources		expended				11,135	11,135
	Care			117,751	49	207		118,007
				117,751	49	207	11,135	129,142
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated ager charging/(crediting):
							2022	2021
							f	8
	Depreciation	—owned assets					6,134	8,179
	Other operating		leases				40,428	34512

STAFFCOS	TS
							2022	2021
Wages and salaries							316,773	279835
Social security	costs						21,667	15,543
Other pension	costs						5,833	4,032
							344473	299,110
The average monthly		number ofemployees			during the year was as	follows:
							2022	2021
Activity coordinators							10	II
Offic support							2	2
Bank support	stafF						6
							18	13
No employees	received		emoluments	in excess off60,000.
COMPARATIVES		FORTHE STATEMENT OF FINANCIAL				AC,FIVITIES
						Unrestricted	Restricted	Total
						fund	fund	funds
						f.	f.	f.
INCOME AND ENDOWMFNTS				FROM
1)onations and	legacies					79,654		79,654
Investment income						28		28
Other income						199,045		199,045
Total						278,727		278,727
EXPENDITURE ON
Charitable a	tlvlties
Care						353,765		353,765
						20,947		20,947
Total						374,712		374,712
NET INCOME/(EXPENDITURE)						(95,985)		(95,985)
RECONCILIATION			OF FUNDS
Total hmds bmught		forward				242,206		242406

	COMPARATIV	KS FOR THK STATEMEN	T OFFIN	ANCIAL	~	- continued
					Unrestricted	Restricted	Total
					fund	fundf	funds f.
	TOTAL FUNDS CARRIED FORWARD				146321		146~1
10.	TANGIBLE FIXEDASSETS
			Plant	and	Motor	Computer
			machinery		vehicles	equipment	Totals
			f.				f.
	COST
	At I April 2021	and 31 March 2022	284		63,874	10,762	74,920
	DEPRECIATION
	At 1 April 2021		217		43,663	6407	50387
	Charge for year			17	5,053	1,064	6,134
	At 31 March 2022		234		48,716	7,571	56,521
	NKT BOOK VALUE
	At 31 March 2022			50	15,158	3,191	18,399
	At 31 March 2021			67	204H	4455	24,533
11.	DEBTORSt AMOUNTS FALLING DUE WITHIN ONE YEAR
						2022	2021
							8
	Local authority	funders				21,150	14,464
	Staffadvances					440	145
	Prepayments and accrued income						26280
						21,590
12.	CREDITORS:	AMOUNTS FALLING DUE WITHIN		ONE YEAR
						2022	2021
							8
	Trade creditors					1,996	221
	Social security and other taxes					6,488	15,071
	Other creditors					936	866
	Pension creditor					1304	1,449
	Net wages					151
	Accrued expenses					7,900	8,092
						18,675	25,699

		BRIGHTER HORIZONS	BRIGHTER HORIZONS	BRIGHTER HORIZONS
		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
		for t e Ye r E	I March	022
					2022	2021
Management
Brought forward					108ry77	91,803
Stafftraining					2,640
Plant aud machinery					17	23
Motor vehicles					5,053	6,737
Computer equipment					1,064	1,419
					117,751	99,982
Vinaace
Bank charges					15
HMRC interest					34
					49
Information	technology
Repairs and renewals
Other
Sundries					207	281
Governance	costs
Accountancy	fees				3,960	2,400
Legal fees					6,954	18,547
Subscriptions					221
					11,135	20,947
Total resources	expended				460,706	374,712
Net income/(expenditure)					60,770	(95,985)