## **brook Early Years** ## **Finance Report for Trustees – April 2025** ## **Balances at 31 March 2025** - Barclays Current Account: - Barclays Current Account: £19,158.30 - Barclays Savings Account: £152,894.91  CAF Account: £96,157.32  Cash in Hand: £305.15 ## **Total £268,515.68** ## **Profit and Loss 2024 - 2025:** - Total income: £372,788.12 - Total Expenditure: £328,782.37  NET Income 24/25: £44,005.75  NET Income 23/24: £40,982.074 **Profit: £3,023.68** ## **Significant changes in income between 2023/24 and 2024/25.** - Funding income (NEF) has increased by £23,951.64 - Funding income (SEN) has increased by £3,816.67 ## **Significant changes in Expenditure between 2023/24 and 2024/25.** - Employees NI has increased by £3,339.55 - Rent has increased by £1,400.00  Insurance has increased by £2,244.82  Training costs has increased by £1,121.84  School Equipment £11,062.13 ## **Interest rates on Savings are quite low:** Barclays are paying 1.812% AER CAF are paying 0.20% Ideally the school should be looking for better rates of interest on their savings to maximise income. We are currently working with the accountants to finish the End of Year Accounts ## **Interest Rate Comparison:** Barclays Savings Rate: ## 1.35% AER instant access CAF Savings Rate: 0.20% AER Instant Access(?) Propose Trustees investigate a Barclays Treasury Savings Account. Minimum Deposit is £100,000 This pays a higher rate of interest depending on how long you fix the deposit for. Rates are: 1 month fixed 1.61% AER 3 month fixed 2.36% AER 6 month fixed 2.51% AER 9 month fixed 2.71% AER 12 month fixed 3.03% AER The money is NOT accessible during the fixed term. The CAF savings have not been touched for over a year. ## **Propose** 1. CAF account is closed and the funds transferred into a separate Barclays Savings Account as the interest rate is 6 times higher than we currently receiving. 2. Trustees consider putting CAF balance, plus additional funds from savings, to make up to £100,000, and put in a fixed term Treasury savings account, on a rolling monthly term, to get more interest. ## **ADJUSTMENT TO PAYING HOLIDAY PAY** After discussion the Head and Finance Admin agreed that the way holiday pay is calculated and paid is very complicated and difficult to explain! - Holiday pay is a statutory minimum of 28 days and can include Bank Holidays or not. - Brook EY currently pay a minimum of 30 days leave including Bank Holidays. - Holiday should pro-rata’d for staff who are contracted for less than 52 weeks per year. The proposal is to calculate as follows: - Work out holiday entitlement on a pro rata basis. - Convert this to an annual total, divide by 12 and pay in equal monthly instalments. - Holiday pay can then be shown on staff payslips. We also propose that basic pay is worked out and paid as follows: - Work out total annual pay based on weekly hours x hourly pay x number weeks contracted - Divide annual pay by 12 and pay in equal monthly instalments. We feel that this method of payment is easier to explain to staff. - Any Over / Under / Holiday hours will be shown separately on their payslip. - It should avoid staff, who leave part way through the start of the year, owing Brook Early Years pay. - It should avoid Brook Early Years owing large an amount of holiday pay if staff leave part way through the end of the year - There will be no adjustment to their pay for August when the school is closed This change will be communicated to staff and be implemented in September 2025. Staff Contracts will be reviewed and reissued for Signature by August 2025. - Holiday Pay Explained for Term Time Only Contracts | DavidsonMorris REGISTERED CHARITY NUMBER: 1187234 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BROOK EARLY YEARS BROOK EARLY YEARS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag R•port of th• Trustees Independent Examlnèrfs R¢port Statement of Flnancial Adivities Balancg Shgèt Notes to the Financlal Statements 9 to 14 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their report with the financial statèments of the charty for the year ended 31 March 2025. The trustees have adopted the Provisions of Accounting and Repotting by Charities.. Stalem8nl of Recommended Pra¢tlc6 applicable to charities preparing their accounts in accordance wilh tho Financial Reporting Stsndard applicab18 in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTNITIES ObJ•¢tives and aims The purpose of Brt)ok Early Years is to enhance the development and education of children primarily under Sta￿tOry school age and encourage parents lo understand and provide for thè needs of their children through ommunity groups. Signlfl¢ant activltlos To offer appropriate play. education and care facilities, famity learning and extended hours groups, together with the right of parents lo take responsibility for and to become invdved in the activities of such groups, ensuring that such groups offer opportunibes for all children byhatever their race, culture. religion, means or ab￿lty. To encourage the study of the needs of such chlldren and their familles and promoting public interest in and recognition of such needs in the I￿1 areas Govemance Brook Eady Years recogni$e8 the Importan￿ of having a framework of rules, relationships, systems. and processes within and by which aulhortty is exercisad and controlled in the organisats'on. Our Trustees view good govemance and managemenl as essential to our provision of quality education and care. The Trustees of the Board wll ensure there is a sound framèwork of policies and procedures that Complies with all legislative and regulatory requirements, and that enables the daity operatlon of the Serv￿ to be geared towards the a¢hievement of the service's vision arKI mission. Publlc ￿n•t￿t The trustses Gonfirm that they have referred to the guidance contslned in tho Charity Commission's general guldance on publi¢ benefit whon reviewing the charttls aims and objectives and In planning future a¢livilies. The trustees refer to public benefrt thr￿gh￿t this report. Page 1 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charitable a¢tlvltles Throughout this financial year, April 2024 and March 2025 we have continued lo work hard to stay sustsinable. Over the last few years Brook Earfy Years has faced less children attending and not enough Govemm9nt fvndiro. this has become a finan¢ial burden on the settings. Desplle ffnanclal challenges we have aimed to keep our consurnable fee. snack fee and non-funded f99s at a reasonable cost. Ml the staff thal resigned this year, left edu¢alion 8ltogelher. As we had lower numbors of chikjren which meant we did not recruf( when staff left. Our number of Child protection ¢hildr8n has reduced, though these children have more complex needs. We have worked closely wlh social workers and outside agencies (still mosuy through phone calls, emaib and zts)ml and parents lo help the individual chiFdren's needs. We have continued lo use our Early Ygars Pupil Pr8mium funding to support par8nts with paying their fees and also supporling eafty language, Social and Emotional Development. For our September intake, we continued to work on a moTe fl8xiblo transition, having stsy and play sessions for parents and a gradual transition ￿llth shorter settling-Sn sessions, starting wlh a couple a week until the child settles. This has helped build stronger relationships wlh most parents and contributes lo their overall wall-being and facilitating with separation anxièty. A gradu81 Ir8nsition h8s enabled Brook Early Years lo SUCC8ssfully modify for new chlldren stsrting and has helped us wth Identif￿ng potential additlonal needs al a much eaty rate, putting 8UPPOrt In place from an earfy stage. During this last year w had 74 children, aged two to rising fives, with up to 40 attending each session. These children come from varied backgrounds,. Engllsh as 8 second language, dietsry requiiemenls. medical requirements. disabilities and boked 8fter children. Ong of our biggest challenges over the last few yeats has been the higher number of SEN chikjren needing one lo one support and the lack of qualified staff to recruit. Ovgr this year the SENDCO has worked hard to complete 4 successfvl EHCPS. Including these 4 children, we had 13 children needing one lo one support for Autism, down syndrome, DiGeorge syndrome, ￿SUal and hoaring imp8im)&nt. spèèch, social commLJnication, global delays. and physical disabilities. This was a slruggLg as the govemmenl still ¢)nly glve £8 per hour for one-to-one support Ilhis has not ch8ng9d since 20181. We have had 23 IEPS, ranging from support with function81 communication skllls lo so¢i81 communication and physical development. Th8s6 are rewewèd and updated every 6 weeks by SENDCO. We have W0￿0d with Portsrnouth Down Syndrome Asso¢iation, paediatrician. Portage, SALT, ocGupational therapy, famity hub. Educational psychokjgist. physio. Area SENDCO. audiology, health visitors and 3chool5. Watting Umes for referrals rnade lo SALT are still currently &7 months, this is the case for most outside agenc￿$. This has especially been d¢fficult and lime consuming for our SEND Coordinator to manage. There is still a buger demand on support al home for parents with SEN children, but this has become much more difficuli to obtain as Portage wait time is now at 9 months. so our SENDCO has also been preparing and advising home support lo those parents as well. Page 2 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Brook has been involved with the Implementation of ECaT (Every Child a Talker) since 2009. Our Eady Language coordinator has continued to work closely with our a￿a Support speech thèrapist (mainly throLsgh phone calls this yearl with Speech and Languag8 therapy programmes for key chiklren along supporting children's language acquisition through speaking. listening and social skills. through a Narrative programme. She has Contlnued gmbedding an inillative cal￿d BLAST, boosting Language Auditory Skills. and Talking. BLAST supports all 4-year-olds starting school and works on the underpinning skills for language. communbcalion. and literacy- tum tsking. discrimination. listening, attenlion and social communication as well as devebping basic language skills both receplively and expressively. She has also embedded the Preling initiative supportirEg all 2-year-olds with dev8loping their languag8 and communication. This programme introduces basic a¢tivTLies to develop pre-linguistlc skills. focuslng on th? child's ayg contact. fvm taking. attention and listening. We inlrodu¢ed a new programme called WELLCOMM a couple of years ago. A language assessment tool which has been used to assess 811 childrèn and provide support to thosè who are working at delay. This is 8SS888ed every 8-12 weeks to monitor progress and adjust support accordingly. We have continued with our physical development and linked It to our PSE d8v6lopment by using Yoga to help with emotional wellbeing. Our Social Emotional Aspects coordinatr)r has worked on acuvities building on relationships, allowing children to grow socially, emob'onally, and inlellectualty. Every activity helps to devek)p the child's saK*sleem. sense of belonging, abilty to trust and lo carg for Ihemsdves and othèrs. All staff embed this into their daity routtrno, supportiro and encouraging personal and social skills especial￿ as som8 of our childrgn are starting school. This year ¢yJntinued our foujs for training wa5 for atl staff to have a SEND qualification. Our SENDCO has level 3. all other staff hav8 level 2 (except our apprentices and new staff.) This year we continued to have an inset training day,. we fell that worklng together on training was benefiual to stsff. Inset days enabl8 all staff to Gome together. share thoughts, best practice, and receive any important updates. This year's training we focused on Saf8guarding. We also trained on recognislng and supporb.ng children wth SEND. EAL and restraint. We also hokj monthly inhouse staff meetin9S to shore updates. knO￿edge and support for all $taff.7 W6 continue to outsource HR lo support staff with their mental heallh and wellbeing. HR comes in once month 10 5UPPOrt anyone that needs it and weekly s6ssions if staff need more intens& support. Once a year HR will work on a group team budding Session. We have worked on our He8￿hY Early Years Award. This program ts supporting healthy choic8s around nutrition and physi￿1 activities. We are waiting on our Gold award at the moment where we introduced an allotment that the children hav& grown vegetables and then ate these vegelables al snack. Head is chalr of an Aotlon leaming group (made up (rf 20% of Southampton oarty years Leadsl managerslheads and owners} we keep in touch and support each othef on day-to4Jay issues. plus we have regular meetings lo discuss individual i$sue5 and help understsnd the govemment and local guidance. Over the year Ihls group has nol onty supported each otherfs management administration but also Safeguarding. 8UStainability and wellbeing. Du8 to bwer numbgrs of chlldren. we k)oked at what we need to do as a business and adapt to all the changes ensuring our childcare business continues to be successful. One of our focuses this year was an advertising push. w6 pul a large poster up near our local Sainsbufys. We brought new larger signage for around the site, Showing parents where we are. We also invested in a n&w MO￿ proactive website. This website shares our story and values. creating a 'brand' awareness and hopefully increasè our intake of hildren. FINANCM REVIEW Flnanclal posltlon Al the end of March 2025 the setting had made a surplus of £48.434 12024 surplus of £38,805). Page 3 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Prlncipal fundlng Bour¢es Southampton City Council offer funding for eligible IW￿Year-OldS 1570 hours per yearl thre& and four-yearwolds 1570 hours per yearl and some thre& and four-year-okls are 81igiblg to Children ènlitl8d to 1140 hours per year130-hour funding}. More informalion can b$ foun¢J In the Southampton rity website. For any attendan￿ that Is outside the funding income, the fees are paid direct lo the setting by the parent5. Investmènt pollcy and obJeclivg$ The Settings policy is rFsk averse, and we donl invest the reserves in anything other than a nomal bank ac¢ounl. Re$eni•s policy The setting hold £95,000 as a reserve minimum to cover shoukl all staff be made redurKlant. At th9 gnd of the financial ye8r the setting has in exGess of thi5 amount. As at the end of March 2025 the cash reserves held are £269K. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng documen¢ The ¢harity is controlled by ris governing document 8nd is constituted as a Charitable Incorporated Organisat￿n ICIOI. The management of Brook Earfy Years 18 overseen by thg Trustees of th8 Board and they are accountablg for the performance of the pr8sch¢)ol. The Trustees of the Board have overall responsibilty for the 5UStainability and relevance of the service. The Trustees of the Board will direct ils activities towards achievtng the preschool's goa15 and ifflplemenling Ihe Buslnesslstrategic Plan and Quality Improvement plan by guiding and monf(oring the prèschoofs business and affairs in line wth the objects as set out in th8 preschoofs rulès and in line with ils phil￿OphY. Br¢x)k Earty Years independent model constllutlon adopted on January 2020. Recrultmenl and appolntment of ngw trn$t￿$ Apart from the first charity trustees, every trustee must bè appointed f¢X a temi of three years by a resclution passed al a propedy Convened meeting of the charity trustees. Through our IndUc￿On processes seek to ensure Ihg effective Snlegyation of new Trustees into the Organisalion for the benefit of both new Trustees and the Earty Years setting. The induction programme will consist of physical and or9anisalional orientation, health and safety infomiation, an explanation of the temis and conditions of your engagement and a clear 0￿￿lne of the role and its requirements. Before we can welcome you lo the Board. we are requirad to carry out suitability checks wth The Dlsclosure and Barring Sarvice {DBS) and OFSTED {EY2 forml to make sure you are fit for the p08ition. In add￿On, you ￿11 be asked lo.. read and sign lo say you understand our governance policy and constitution read and sign lo say you understand our Safeguarding policies inclLtding lns18biding by gov8rnment guidelin&sl. We have ￿vieWed how we CLimmunicale lo parents 8nd the wder community. We email, WhatsApp, text, call and zoom dependant on th¢ circumsl8nc¢s. As ¢h8ir of an Action le8ming group Imade up of 20Y. of Solthampton &arfy years Leadsl managerslheads and owners) l initiated a WhatsApp 9roup so wè coukl keep in touch and support each olherfs well-being. we also had regular Zoorn rneetings to discuss indlwdual issues and hèlp undgrstsnd the 9ovemmenl and local guidancg. Over the year thls group has not only supported ea¢h otherfs managemènt adminislralion bul also mental health and wellbeing. I have wotlped our PSE support for children with Programme called sunshine cirdes, The Programrre is de51gned lo buikl rglationships, alltswing chiklien to grow 50cially, emolionalty, and often intellectually. Every activity helps to develop the child's self-*ste•m, Sensè of bèlonging, ability to trust and to care for themsefves and others. All staff embed this into their daily routine. Alongside this we a180 have Ytsja setssK)ns lo htslp with &rnob"onal wellbeing. This year we have seen the children need more support in their personal and wellbeing. The cwrdinator has worked hard on activthes to support this and encourage personal and 80aal sknms especially as some of our thfldren are 51arting school. Our Healthy Early Years Award Coordinator {HEYAI has achieved a Lev612 Understanding Nutrition and Heatth couts• this ￿ar. Wè hav• achieved a silver award in heathy eatsng and Physical acliwty. This program is suppOr￿n9 healthy choices around nutrition and physical acdvlties. We are working on our bronze oral health award now. We are working on our hgallhy MOU￿ award at thg ￿m￿nt. Over the last year we continue lo d&velop the outside space, we already have 3 zoned areas, 1 area for gross motorlcars. 1 area for sensorylpalntin￿Math1ro￿pIaY and our wooded area where we have a few new resources and developed a fairy area. We also have devek+ped our inside roleplay into a larger area. Looking forward we want lo locus on thildren's wellb8ing. exarnining and emb8dding thè EYFS and deveioplng plans to rellect this. We SUII need to be a little cautlous due to Ihe pandemlc, but wlth posidvely we can ombed a n•w nomial at Brook Earfy Y•ars. Fundraising a￿vItIeS Compar8d to previous yoars boforo COVID the setting was not at fvll ¢apaaty from September and the govemment stopped financially supporting earty years therefore the income was down on prewous year5. The $ettlng did make a profft. Tha satting doesn't ha￿ a fundraisiftg requiramant. Investment Pert￿ManCe Th6 s8tting has opened up a saparate bank account with CAF (Charilles Foundationjn order lo spread its re5erve5 outside Bardays Bank. FINANCIAL REVIEW Finan¢ial position At Ihe end of March 2022 the Setting ha¢J rnadg d&fiul of £26.284 ￿mpar9d to a $urplu$ of £27.226 in 2021. Pag& 3 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW Principal fundlng sourc•s SoLrthampton City Council offèr funding for 81igible ￿￿￿year-OldS{STO hours por year} Three- and lour-year-olds1570 hours pgr yearl And sorne three- and lour-yeaT-okJs are eligible to Chrfdren $nb"tkd to 1140 hours por year130thour ftjndingl More infomialion can be found in Ihe Southampton ctty websitè. For any attendan￿ that is outside the funding in¢ome. the fees are paid dir8Ct to the settiro by the parents. Invesliiiont pollcy and obl•ctlv•s Thtr S¥ttings poli¢y Is risk averso and we donl invest the reserve5 in anything other than a normal bank acctsunL Reserves ptsllcy Thè setting hold £95,000 as 8 reserve mlnimum to cover should all staff be m8dtr redund8nL At thè and of thg financial yoar Ih$ sèthng hag in excess of double this amounL As at tho end of March 2022 the cash reserves held are £201,616. The setling has rnol had rnany risks over its exlstence and has weathered ihe COVID ri8k ov8r thg pa81 ygar. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is conlrolW by its goveming (k)¢um?nt, g dggd of trust and Gonstitutes an unincorporated charity. The management of BTr￿k Earfy Years is overseen by the Truststrs of the Board and they are accountat4e for the perfom7ance of the preschod. Thè TTuslg0s of the Board have overall r8sponsibli ity for the sustainability and rnl•vanca of the service. The Trustees of the Board will dirèct its aCtiV￿e$ towards achieving the pr*s¢hotsfs goals and implementing the Busingsslstrategic Pl8n 8nd Quality Improvement plan by guiding and monitoring Ihe pregchoofs business and affairs in line with thg objècts as set out in the prescho￿.8 rukn and in line with its philosophy. Type of goveming do¢uN*nt'.Brook Earfy YeaTS independènt modgl con8titullon adopted on January 2020. Charity eonstitution Charity Incorporated Gompany ICIOI Recruitment and appointm•nt of new tru$tee• Apart from the first charity trustees. every tru51ee must b8 appolnt8d for a term of thrts yeaTr by a r&solution passed at a properly convened meeting of thè charity trustees. Through our induclon proeesses we seek lo ensurg the effective integration of n•w Trustees into the Organisation for the ￿n*fit ol both new Trustees tt)è Earfy Years setting. The Inductk)n programme wll consist ol physical and organisalional orienlatK)n, heallh and safety informats'on. an explanathjn of the terns and condrtions of your engagement and a clear ouuine of the rolè and its requirernents. B•fore we can welcome you to the Board, we are required to cary out suitability checks wth The Th'sclosure and Barring SgTvKe IDBSI and OFSTED (EY2 f￿rnI to mak• sure y4)u are rrt for thè position. In add￿on, you ￿11 be asked to.. read and sign to say you undevsland our governance policy and constitution ad and sign to say you understand our Safeguarding policies including"Kèèping Children Safe in Education, Saplember 2018. Tead and sign to say you understand 811 other poliaes sign a confid•ntlality agreement Iwhlch applies during your time on Ihe board and after) comkSete a course on Eduorg Yhe Rde ofTTUStge's Delivering EYFS. Page 4 BROOK EARLY YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Trustees of the 8oard have overall responsibility for the swtainability and relevance of thg service. The Tnjstees of thé Board will direct its activitses towards achiaving thè preschool's goals and implernenling the BusinesslStrate9ic Plan and Qualty Improvement plan by guiding and monitoring the preschoc4'8 business and affairs in line wilh the objects as set out in th¢ proschooi's rules and in line wilh its philosophy. REFERENCE AND ADMINISTRATIVE DETAILS Reglster•d Charity numbgr 1187234 Prlncipal addr85 Beechwood Junior School Junlper Road Southampton Hampshire S0184EG Trustees Samanlha Meeth P8tricia McGregor Lucy Field Kayleigh S8nd811 Charfte O'connor Chairperson Head Teacher Appc4nted on 11th March 2022 Independent Examln•r S Mackne, FCA ICAEW Morris Crocker Chartered Accountant8 Station Hou8e North Street Havant Hampshirg P09 1QU Approved by s)rder of the board of trustees on............................................. and signed on ils behalf by.. S Meoch - Trustee Page 5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROOK EARLY YEARS Ind•p8ndent examln•rf$ r•port to the trv$tè8s of Brook Early Yoars I r8POrt lo Ihg ¢harity trust885 on my examination of the a¢counts of Brook Early Years {the Trust) for Ihe year ended 31 March 2022. R•sponslbllltles and ba$ls of r•port As th8 charity trustees of he Trust you are responsible for the prep8r8tK)n of the accounts In accordance with the requtrements ol the Charilips Aet 20111.lhe Acri. I report in respect of my examination of the Trusfs accounts carri8d out under wlion 145 01 the Act and in carrying out my examination I havg foifowed all applicable Directions given by the Ch8rity Commission under seelion 14515llbl of the Ad. Indepgndènt •xamlnerfs $tatèment Since your gross incorne Èxceed8d £250,01)O your examiner must be a memb8r of a listed body. I can (Kmfimi that l am qualified lo undertake the examin*ion because l am a registered member of ICAEW which is one of tho listed bodies. I have cOmpl￿￿d my examin8t¥)n. I confimi that no material matters have come to my attenlion In o)nnectN)n wlth the examination giving me CAuse to believts that In any material respect= accounting records not kèpt in respect ofthe Trust a8 required by section 130 of Ihe knl," or the a¢Tr)unts do not accord ￿th those rgcords., or the accounts do not CoM￿Y with the applicable requlreffents concemlng the fomi and content of accounis set out in the Charities IAecounts and Reports) Regvl81itsns 2008 other than any requirement that the a￿Unts give a twg and fair view wh￿h is not a matter con51dered as part of an independent examination. I hav& no Cor￿emS and have come across no other matters in ¢onnection the examination to which atten*"on should be drawn in this report In order to gnabkg a proper underStar￿Ing of the ac¢ounts to be r8ached. S Mackiè, FCA ICAEW Morris Crocktrr Chartered ArLountants Siation House North Slrgel Havanl H8mpshiTe P09 1QU Dale.. Page 6 BROOK EARLY YEARS STATeMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 2022 Total funds 2021 Totsl nds un￿￿tr￿ted fund Restrfcted fund Note5 INCOME AND ENDOWMENTS FROM CharIlab￿ actlvltl•$ D•vèlopmenl and education 259,581 11.0021 258,579 273,292 Investment income 36 Total 259,588 11.0021 258,586 273,328 EXPENDITURE ON Charftabl• actlvltl•$ Development and edU￿tIon 284,383 284,383 246.102 NET INCOMEI(EXPENDITUREI 124.7951 11,0021 125.7971 27,226 Transfers b•twegn fund$ 13 11,0021 1.002 Net movement in fund$ 125.7971 125.7971 27.226 RECONCIUATION OF FUMDS Total fund$ brought fonvard 227.413 227,413 200.187 TOTAL FUNDS CARRIED FORWARD 201.616 201,616 227.413 Tho notes form part of these financlal statements Pag¢ 7 BROOK EARLY YEARS BALANCE SHE 31 MARCH 2022 2022 2021 Note8 FIXED ASSETS Tangible assets 1.931 2,967 CURRENT ASSETS Debtors Cash al bank and in hand 10 74 201,013 202 231,330 201,087 231.532 CREDITORS Amounts falling due wilhin on& year 11,4021 17,0861 NET CURRENT ASSETS 199,685 224.446 TOTAL ASSETS LESS CURRENT LIABILITIES 201,616 227,413 NET ASSETS 201,616 227,413 FUNDS Unr85tricled fvnds 13 201.616 227.413 TOTAL FUNDS 201,616 227,413 The financial statements weTe approved by the Board of Twsle&s and 8uthorised for issue on . and w8re $igned on ts bèhaw by.. S Meech - Twstee Thg notes form part of Ihgse financial stalem9nts Page 8 BR¢X)K EARLY YEARS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES Basis of proparing tho financial statèments Tho financial statements of thè Charity, vthich is a public benèfit entty under FRS 102. have bean prepared in accordan￿ vitth the Charities SORP IFRS t021 'Accounting and Reporting by Charilie5.' Statsmenl of Recommended Practice applicable lo charibes preparing their accounts in accordance with the Financial Reporbng Standard appIl￿ble in the UK and Republic of Ireland IFRS 1021 leffecthve 1 January 20191,, Financial Reporting Standard 102 'The Finan¢ial Reporting Standard applicab18 In the UK and Republic of Ireland. and the Ch8ribe5 Act 2011. The finanaal statèments have beon prepared under the historical cost convention. The TnJste8s consider that there are no matèrial uncertalnll&s about the ChariWs abilty to ￿ntinue as a going cx)ncèm. Thè charity converted from an unfft¢orporated tharity Icharty number." 10318761 to a Charitable Incorporated organisatic￿ (charity number.. 11872341 from 1 April 2020. Ahhtsugh Brook Earty Years has changed its legal lom. ts purposes and benefiuaries remains unchanged. All operations, assets and liabilits'es were transferred ovèr to Ihe CIO from that date. Mgrger accountin9 has been applied in a¢wrdance with the FRS 102 SORP. Ineomg All income is recognisad in the Statement of Financ￿1 Activities once the charity h88 entiuemonl lo the funds, it Is probable that ihe In￿n* will be received and the amunl can be measured relkgbly. Expendltur• Liabilities arè recognisad as expen¢Jfture as soon as there is a legal or conslnjclivg IA)ligation ¢omrnitting thè charity to that expenditLtro, r( is probable that a transfer of economic bengfils will be uired in sèttlement and the amount of the obligatHM can ba measurod reliabty. Expellditure is accounted for on an accruals basis and has been clas￿)￿ed undér headings that aggregats all cost lalgd to the catswry. Whore cJ)sts cannot be dicarlly attn'buted lo particular headings thoy have bsen allocated to activiti&s on 4 ba$1$ ¢onsist8nt wth the use of resourGe3. Tanglblo flxéd a68ets Depreciallon is provlded al Ihe fdlowing annual rates in (Yder lo writa off each a$set over its esbmated useful Iwe. Fixtures and littin9S Computer equipmènt 33.33Oh on cost 33.33% on cost IndivwJu81 fixed assots costing £200 or morg are cap61alised at ¢08L Taxation Tho charity is gxempt from tax on its Gharitabla acivitlos. Fund accountlng Unrestricted fund$ can be used in aecordance wth the charitable objectNes al the discretion of th¢ trustees. Rfrstricted funds can onty be used for particular restricled purposes within tho oty'ects of the charity. Reslricts'ons arise when spacified by the donor or when funds are raised for particular restricted purposes. Furthér explanation of the nature and purpos• of each fund is included in the notes to th• finanaal statemènl5. Flnanclal Instrumgnts The charity only enter5 into ba$1¢ financial inslrumenl$ transactions Ihal re5uII in the re￿gnitIOn of Inancial assets and liakn'lities like trad8 and olhgr ac(LTrunts receivable and payable and invgslments stocks and shargs. The mèasurement basi5 used for th8sè instrumonls is detailed below. Page 9 continued... BROOK EARLY YEARS NOTES TO THE FINANCIAL STATEMEPn- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES- ¢onllnu•d Financial instruments Debtors and cash at bank Trade and other debtors are recognlsed at the settlement 3wnount due aft$T any trade discount tyffered. Prepayments are valued at the amount prepaid nat of any trade discounts due. Cash al bank and In hand in¢luded cash hgld on deposil or in a cuwrent accounl. Creditor$ and provlslon$ Creditots and provisions are rgcognised where the charity has a pr￿OnI obligation resulting from 8 past event that will probably resurt in the Iransfer of fvnds to a third paty and the amount due to setue the obligation can be measured or estimatèd reliabty. c￿dItOrs and provisions are nomally recognised at thgir settlement amount after allowing for any trade discounts duè. INVESTMENT INCOME 2022 2021 Deposit account Intoresl All invostment bncome is dèrived from assets hgld In the Unit8d ￿.￿gdom. INCOME FROM CHARrrABLE ACTIVITIES 2022 2021 Activity Development and education Development and education Development and eduGat F889 Funding Milk grants 36,108 223.473 11,0021 20.159 252,858 275 258.579 273.292 Grants received. i￿LKIed in the aLK)ve, are as lollows.. 2022 2021 Mllk grant 11.0021 275 CHARITABLE ACTMTIES COSTS Support (x)sts (seè note 51 Direct Costs Totals Development 8nd educatK)n 275,105 9278 284,383 Pagè 10 continued. 8ROOK EARLY YEARS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 SUPPORT COSTS Goveman¢o Management Flnance Totals Developm8nt and eduration 3,536 5,556 9,278 Support costs, included in Ihe above, are as follows.. Manag•mènt 2022 Development and edu¢alion 2021 Total activitiès DeprecAalM)n of tangibia and heritage assets 3,538 3.592 Finan¢* 2022 D•velopment and educabon 2021 Tol activibes Bank charges 43 Gov•rnanc¢ ￿9t$ 2022 Development and eduration 2021 Tot81 a¢tivibgs Professional fees 5.556 5,038 TRUSTEES. REMUNERATION AND BENEFITS T￿re were no trustees. remun•rab'on or other benefits for tho yèar ended 31 March 2022 nor for thÈ year ended 31 March 2021. Trusttss. exp•nsès During the yèar no trustses 12021: on¢} wer& roimburs&J out of pock•t expenses 12021.. £2101 for expenses and travel. STAFF COSTS The avèrage monthly number ofemployges during the yearwa$ as follows: 2022 17 2021 14 No ernpbyees receNed èmoluments in excess of£60,000. Page11 continued... BROOK EARLY YEARS NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu•d FOR THE YEAR ENDED 31 MARCH 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrostricted fund Rgstricted fund Total fijnds INCOME AND ENDO7rnENTS FROM Charltable actlvltl•s Dovelopment and 8ducation 273.017 275 273.292 Investment income 36 36 Total 273.053 275 273,328 EXPENDITURE ON Charltsble actlvltlgs Development and education 246,093 246.102 INCOME 26,960 266 27,226 Tran$f•rs betwe9n funds 266 {2661 Pkt movemènt In lund$ 27,226 27.226 RECONCIUATION OF FUNDS Totsl lund$ brought forwaril 200.187 200.187 TOTAL FUNDS CARRIED FORWARD 227,413 227,413 TANGIBLE FIXED ASSETS Fixiur8S and ffittings Compulèr equipment Totals COST At 1 April 2021 Additions 34,768 22.773 2,500 57,541 2,500 At 31 March 2022 34,768 25,273 60.041 DEPRECIATION At 1 April 2021 Charge for year 34.542 150 20,032 3.386 54,S74 3,536 Al 31 March 2022 34,692 23.418 58,110 BOOK VALUE At 31 Mard) 2022 76 1,855 1.931 At 31 March 2021 226 2.741 2,967 Page 12 continued... 8ROOK EARLY YEARS NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE YEAR ENDED 31 MARCH 2022 10. OEBTORS: AMOUNTS FALUNG DUE WtrHIN ONE YEAR 2022 2021 Prepayments and a¢crJed incom8 74 202 11. CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Taxation and social security Other creditors 5,593 1,493 1,402 1.402 7,086 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022 Toial funds 2021 Total funds Unrestrictad lund ReStr￿ted fund Fixed assats Currant a$sets Current liabilities 1,931 201.087 11.4021 1.931 201,087 {1,4021 2,967 231,532 17.0861 201.616 201,616 227.413 13. MOVEMENT IN FUNDS Nel movement in funds Tran$fer¥ bahveen fvnds At 31.3.22 At 1.4.21 Unrnstrict•d funds General fund 227,413 {24,795} (1.0021 201,616 Re$trlct•d funds Milk grant 11,0021 1.002 TOTAL FUNDS 227,413 125.7971 201,616 N91 movem8nt in funds, induded in the at4)ve are as folic*ws: Incoming re$wrces Rèsou￿5 expended Movernenl in funds Unr•$trlct•d fund¥ General fund 259,588 1284.3831 124,795) Rostrlcted fund$ Milk grant 11,0021 11,002) TOTAL FUNDS 258,586 1284,3831 12S,797) Page 13 continued... BROOK EARLY YEARS NOTES TO THE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 MARCH 2022 13. MOVEIIENT IN FUNDS- continued Comparatlv•s for movemènt In funds Net mc*vemenl Fn funds Transfers ts&b￿e&n fvnds At 31.321 At 1.4.20 Unr•slricted fund• General fund 200,187 26,960 206 227,413 R•$trl¢t8d funds Milk grant 266 {2661 TOTAL FUNDS 200,187 27,226 227,413 Comparative nel movem&nl in lunds, included in the aiK)ve are as folk)ws'. Incoming resources Resources gXP8nd8d Movement in funds Unrestrict•d funds General 273,053 1246,0931 26,960 Restrict•d funds Milk gr8nt 275 191 TOTAL FUNDS 273,328 1246,1021 27.226 Transf•rs betwtrn funds TransleTS from unrèstricted lo restricted funds 8r8 to cover any shcftFa115 in rgs(ricted funds. Transfer3 from restric¢ed funds to unrgslricted funds arise where restricth?ns have been satisfied. 14. REL4TED PARTY DISCLOSURES There wortr rv) related party transactions for the ye8r ènded 31 March 2022. Page 14