| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 13 | |
| Statement ofTrustees' | ResponsibPdties | 14 | ||
| Report ofthe Independent Auditors |
15 | to | 18 | |
| Statement ofFinancial | Activities | 19 | ||
| Statement ofFinancial | Position | 20 | to | 21 |
| Statement ofCash Flows | 22 | |||
| Notes to the Statement | ofCash Flows | 23 | ||
| Notes tothe Financial | Statements | 24 | to | 39 |
| Detailed Statement of | Financial Activities | 40 | to | 41 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | f, | g | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations, legacies &grants |
34,688 | 4969842 | 531,530 | 316,356 | |||
| Charitable activities |
|||||||
| Childcare | 438,031 | 438,031 | 384,160 | ||||
| Family support projects | 2,500 | 352,081 | 354,581 | 350,836 | |||
| Other trading activities | 411,081 | 12,555 | 423,636 | 334,896 | |||
| Investtnent income |
7,803 | 7,$03 | 4,782 | ||||
| Total | 456,072 | 1,299,509 | 1,755,581 | 1,391,030 | |||
| EXPENDITURE ON | |||||||
| Raising funds | |||||||
| Raising donations and |
legacies | 6 | 1,516 | 9,211 | 10,727 | 13,893 | |
| 1,516 | 91211 | 10,727 | 13,893 | ||||
| Charitable activities |
|||||||
| Childcare | 192,891 | 495,$18 | 688,709 | 589,802 | |||
| Family support projects | 193,397 | 677,267 | $70,664 | 820,227 | |||
| Total | 387,804 | 1,182,296 | 1,570,100 | 1,423,922 | |||
| Net gains/(losses) on investments |
(59865) | (5,$65) | 6,520 | ||||
| NET INCOME/(EXPENDITURE) | 62,403 | 117,213 | 179,616 | (26,372) | |||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought forward |
1,202,351 | 536,269 | 1,738,620 | 1,764,992 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,264,754 | 653,482 | 1,918436 | 1,738,620 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 14 | 1,006)816 | 1,005,057 | |
| levestrnents | 15 | 90,113 | 95,978 | |
| 1,096,929 | 1,101,035 | |||
| CURRENT ASSETS | ||||
| Debtors | 16 | 24,093 | 31,125 | |
| Prepayments and accrued income |
34,910 | |||
| Cash at bank and in hand | 861,294 | 629,829 | ||
| 885,387 | 695,864 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
17 | (24,080) | (18,279) | |
| NET CURRENT ASSETS | 861,307 | 677,585 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 1,958,236 | 1,778,620 | ||
| CREDITORS | ||||
| Amounts falling due atter more than one year |
18 | (40,000) | (40,000) | |
| NET ASSETS | 1,91$,236 | 1,738,620 | ||
| FUNDS | 21 | |||
| Unrestricted funds: |
||||
| General fund | 100,000 | 90,298 | ||
| Property fund | 1,064,754 | 1,062,053 | ||
| Project development | fund | 50,000 | 50,000 | |
| HR Reserve | 50,000 | |||
| 1&264,754 | 1,202,351 | |||
| Restricted funds: | ||||
| Restricted | 653,4$2 | 536,269 | ||
| TOTAL FUNDS | 1,91$,236 | 1,738,620 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated t'rom operations |
1 | 266375 | (19,952) | ||
| Net cash provided by/(used |
in) operating | activities | 266375 | (19,952) | |
| Cash flows from investing | activities | ||||
| Purchase oftangible dxed assets | (34,910) | (12,783) | |||
| Net cash used in investing | activities | (34910) | (12,783) | ||
| Change in cash and cash | equivalents | in | |||
| the reporting period |
231,465 | (32,735) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 629,$29 | 662,564 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
861,294 | 629,829 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 0 | |||||||
| Net income/(expenditure) | for the reporting period (asper the | ||||||
| Statement ofFinancial Activities) | 179,616 | (26,372) | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 33,151 | 21,247 | ||||
| Losses/(gain) | on investments | 5&865 | (6,520) | ||||
| Decrease/(increase) | in debtors | 41,942 | (12,01$) | ||||
| Increase in creditors | 5&801 | 3,711 | |||||
| Net cash provided | by/(used | in) operations | 266,375 | (19,952) | |||
| ANALYSIS | OF CHANGES | IN NET FUNDS | |||||
| At 1.4.22 | Cash flow | At 31.3.23 | |||||
| 6 | |||||||
| Net cash | |||||||
| Cash at bank | and in hand | 629,$29 | 231,465 | 861894 | |||
| 629,$29 | 2311465 | $61,294 | |||||
| Debt | |||||||
| Debts ihlling | due afier I year | (40,000) | (40,000) | ||||
| (40,000) | (40,000) | ||||||
| Total | 5$9,$29 | 231,465 | 821,294 |
| DONATION | S, LEGACI | ES gr GRANTS | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 0 | |||||
| Gifts and income 0'om trusts | 530,530 | 313,631 | |||
| Legacies | 1,000 | ||||
| Government | grants | 2,725 | |||
| 531,530 | 316,356 | ||||
| Grants receive@ included | in the above, are as follows: | ||||
| 2023 | 2022 | ||||
| Other grants | 2,725 | ||||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 2023 | 2022 | ||||
| Project fees and rents | 304,162 | 303,940 | |||
| Other trading | activities | 39,474 | 30,956 | ||
| 423,636 | 334,896 |
| INVESTMENT IN | COME | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | ||||
| Dividends - equities | 225 | |||
| Interest - deposits | 7,803 | 4,557 | ||
| 7,803 | 4,782 | |||
| INCOME FROM | CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | |||
| Activity | g | |||
| Grants and contracts | Childcare | 438,031 | 384,160 | |
| Grants and contracts | Family support projects | ~354581 | 350836 | |
| ~792612 | 734996 | |||
| 2023 | 2022 | |||
| 8 | ||||
| Children ln Need | 35,013 | 29,950 | ||
| DHSE - VCSE | 3,172 | |||
| ESCC - Children's | Centre | 8,450 | ||
| ESCC - EYEE | 438,031 | 384,160 | ||
| ESCC | 41,007 | |||
| HBC | 73,702 | 100,934 | ||
| Big Lottery Fund - | Dragonflies: | 10340609 | 62,696 | 62,696 |
| ESCC - HOA | 5,983 | 14,244 | ||
| Big Lottery Fund - | The Hub (TA) 20103816 | 104,534 | 81,437 | |
| Various other | ~31646 | 49953 |
| 6. | RAISING DONATIONS | AND LEGACIES | ||||
| 2023 | 2022 | |||||
| Administration | Costs | 10,727 | 13,893 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) | Totals | ||||
| Childcare | 655,558 | 33,151 | 688,709 | |||
| Family support | projects | 870,664 | 870,664 | |||
| 1&526&222 | 33,151 | 1,559,373 |
| 2023f | 2022 | ||
|---|---|---|---|
| Depreciation - owned assets | 33,151 | 21,246 | |
| Auditors' | remuneration | 5,340 | 5,040 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f, | ||||
| Wages and salaries | 1,009,633 | 976,039 | ||
| 1,009,633 | 976,039 | |||
| The average monthly | nuraber ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| 69 | 71 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations, | legacies tb grants | 17,958 | 298,398 | 316,356 | |
| Charitable | activities | ||||
| Childcsre | 384,160 | 384,160 | |||
| Family support projects | 6,661 | 344,175 | 350,836 | ||
| Other trading activities |
326,023 | 8,873 | 334,896 | ||
| Investment | income | 4,782 | 4,782 | ||
| Total | 355,424 | 1,035,606 | 1,391,030 | ||
| EXPENDITURE | ON | ||||
| Raising funds | |||||
| Raising donations | and legacies | 5,369 | 8,524 | 13,893 | |
| 5,369 | 8,524 | 13,893 |
| 13. | COMPARATIVES | FORTHE STATEMENT OFFINANCIAI | FORTHE STATEMENT OFFINANCIAI | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds 8 |
funds | fundsf | ||||
| Charitable activities |
||||||
| Childcare | 152,793 | 437,009 | 589,802 | |||
| Family support projects | 132,925 | 687,302 | 820,227 | |||
| Total | 291,087 | 1,132,835 | 1,423,922 | |||
| Net gains on investments | 6,520 | 6,520 | ||||
| NET INCOME/(EXPENDITURE) | 70,857 | (97,229) | (26,372) | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought | forward | 1,131,495 | 633,497 | 1,764,992 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,202,352 | 536,268 | 1,738,620 | |||
| 14. | TANGIBLE FIXEDASSETS | |||||
| Improvements | Fixtures | |||||
| Freehold | to | and | ||||
| property | property | Ettings | ||||
| 8 | ||||||
| Cost | ||||||
| At 1 April 2022 | 902,360 | 587,983 | 63,468 | |||
| Additions | ||||||
| At 31 March 2023 | 902,360 | 587g83 | 63,468 | |||
| Depreciation | ||||||
| At 1 April 2022 | 436,696 | 63353 | 63,468 | |||
| Charge for year | 7,050 | 9,671 | ||||
| At 31March 2023 | 443,746 | 73,024 | 63,468 | |||
| Net book value | ||||||
| At 31March 2023 | 458,614 | 514,959 | ||||
| At 31March 2022 | 465,664 | 524,630 |
| TANGIBLE FIXEDASSETS - continued | |||
|---|---|---|---|
| Motor | Computer | ||
| vehicles | equipment | Totals | |
| 8 | |||
| Cost | |||
| At I April 2022 | 22,724 | 44,766 | 1,621,301 |
| Additions | 34,910 | 34,910 | |
| At 31March 2023 | 57,634 | 44,766 | 1,656,211 |
| Depreciation | |||
| At I April 2022 | 22,724 | 30,003 | 616,244 |
| Charge for year | 8,727 | 7,703 | 33,151 |
| At 31March 2023 | 31,451 | 37,706 | 649,395 |
| Net book value | |||
| At 31March 2023 | 26,183 | 7,060 | 1,006,816 |
| At 31March 2022 | 14,763 | 1,005,057 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| Market value | ||||
| At I April 2022 | 95,97$ | |||
| Revaluations | (5,$65) | |||
| At 31March 2023 | 90,113 | |||
| Net book value | ||||
| At 31 March 2023 | 90,113 | |||
| At 31March 2022 | 95,978 | |||
| There were no investment | assets outside the UK. | |||
| Cost or valuation | at 31March 2023 is represented | by: | ||
| Listed | ||||
| investmentsf | ||||
| Market value as | at 31March 2022 | 95,97$ | ||
| Valuation in 2023 |
(5,$65) | |||
| 90,113 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 6 | ||||
| Financial assets measured | at fair value through net income (Gain/(Loss) | (5,$65) | 6,520 | |
| 16. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | |||
| Trade debtors | 24,093 | 31,125 |
| CREDITORS: AMOUNTS FALLING DUE WITH | IN ONE YEAR | |
|---|---|---|
| 2023 | 2022 | |
| f | ||
| Trade creditors | 18,080 | 18,279 |
| Accruals and deferred income | 6,000 | |
| 24,0$0 | 18,279 | |
| CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR | ||
| 2023 | 2022 | |
| f | ||
| Other loans (see note 19) | 40,000 | 40,000 |
| An analysis ofthe m | aturity ofloans is given b | elow: | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f. | ||||||
| Amounts falling due |
in more than five years: | |||||
| Repayable otherwise |
than by instalments: | |||||
| Other loans more 5yrs nontinst | 40,000 | 40,000 | ||||
| 20. | ANALYSIS OFNET ASSETSBETWEEN | FUNDS | ||||
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| f | ||||||
| Fixed assets | 7$3,040 | 223,776 | 1,006,816 | 1,005,057 | ||
| Investments | 90,113 | 90,113 | 95,978 | |||
| Current assets | 455,681 | 429,706 | 885487 | 695,864 | ||
| Current liabilities | (24,0$0) | (24,080) | (18,279) | |||
| Long term liabilities | (40,000) | (40,000) | (40,000) | |||
| 1,264,754 | 653&482 | 1,918,236 | 1,738,620 |
| MOVEMENT | IN F | UNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.22 | in funds | funds | 31.3.23 | |||
| 0 | 5 | 6 | ||||
| Unrestricted | funds | |||||
| General fund | 90,29$ | 73,990 | (64,288) | 100,000 | ||
| Property fund | 1,062,053 | (11,587) | 14,2$8 | 1,064,754 | ||
| Project development | fund | 50,000 | 50,000 | |||
| HR Reserve | 50,000 | 50,000 | ||||
| 1,202,351 | 62,403 | 1,264,754 | ||||
| Restricted funds | ||||||
| Restricted | 536,269 | 117,213 | 653,482 | |||
| TOTAL FUNDS | 1,738,620 | 179,616 | I@18&236 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 8 | |||||
| Unrestricted | funds | ||||
| General fund | 456,072 | (376,217) | (5,865) | 73,990 | |
| Property fund | (11,587) | (11,587) | |||
| 456,072 | (387,804) | (5,865) | 62,403 | ||
| Restricted funds | |||||
| Restricted | 1,299,509 | (1,182,296) | 117,213 | ||
| TOTAL FUNDS | 1,755,581 | (1,570,100) | (5,865) | 179,616 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| Unrestricted | funds | |||||
| General fund |
98,900 | 82,682 | (91,284) | 90,298 | ||
| Property fund | 1,032,595 | (11,826) | 41,284 | 1,062,053 | ||
| Project development | fund | 50,000 | 50,000 | |||
| 1,131,495 | 70,856 | 1,202,351 | ||||
| Restricted funds | ||||||
| Restricted | 633,497 | (97,228) | 536,269 | |||
| TOTAL FUNDS | 1,764,992 | (26,372) | 1,738,620 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 355,424 | (279,262) | 6,520 | 82,682 | |
| Property fond | (11,826) | (11,826) | |||
| 355,424 | (291,088) | 6,520 | 70,856 | ||
| Restricted funds | |||||
| Restricted | 1,035,606 | (1,132,834) | (97,228) | ||
| TOTAL FUNDS | 1,391,030 | (1,423,922) | 6,520 | (26,372) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At1.4.21 | in funds | funds | 31.3.23 | |||
| K | ||||||
| Unrestricted | funds | |||||
| General fund | 98,900 | 156,672 | (155,572) | 100,000 | ||
| Property fund | 1,032,595 | (23,413) | 55,572 | 1,064,754 | ||
| Project development | fund | 50,000 | 50,000 | |||
| HR Reserve | 50,000 | 50,000 | ||||
| 1,131,495 | 133,259 | 1,264,754 | ||||
| Restricted funds | ||||||
| Restricted | 633,497 | 19,985 | 653,482 | |||
| TOTAL FUNDS | 1,764,992 | 153,244 | 1,918,236 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 811,496 | (655,479) | 655 | 156,672 | |
| Property fund | (23,413) | (23,413) | |||
| 811,496 | (678,892) | 655 | 133,259 | ||
| Restricted funds | |||||
| Restricted | 2,335,115 | (2,315,130) | 19,985 | ||
| TOTAL FUNDS | 3,146,611 | (2,994,022) | 655 | 153,244 |
| Balance | |||||
|---|---|---|---|---|---|
| Balance | at 31 | ||||
| at 1April | March | ||||
| Restricted | funds | 2022 | Income | Expenditure | 2023 |
| PACT | 198,734 | (85,302) | 113,432 | ||
| Greenway | Nursery | 736 | 133,554 | (134,290) | |
| StNicks Nursery | 1,191 | 171,602 | (172,793) | ||
| My Time | 24,433 | 89,364 | (92,312) | 21,485 | |
| StNicholas Centre | 10,000 | 226,074 | (206,074) | 30,000 | |
| Robsack Centre | |||||
| Silverdale | Nursery | 150,618 | (150,618) | ||
| Dragonflies | 135,692 | 82,407 | (78,969) | 139,130 | |
| Childcare | Fund | 794 | 1,000 | (222) | 1,572 |
| Millennium | Committee | 15,486 | 15,486 | ||
| Nursery Improvement | |||||
| Fund | 188,419 | (5,134) | 183,285 | ||
| Core | |||||
| TA Project | 45,422 | 125,534 | (83,571) | 87,385 | |
| Live Work | Thrive | 5,110 | 22,165 | (27,275) | |
| Working to Capacity | 17,108 | 14,037 | (31,145) | ||
| Youth | 36,545 | 78,437 | (67,082) | 47,900 | |
| Community | Learning | ||||
| Capital account | 45,333 | (37,522) | 7,811 | ||
| Holiday Space | 10,000 | 5,983 | (9,987) | 5,996 | |
| Total | 536,269 | 1,299,509 | (1,182,296) | 653,482 |
| 2023 | 2022 | |
|---|---|---|
| 0 | 8 | |
| INCOME AND ENDOWMENTS | ||
| Donations, legacies 8$grants | ||
| Gifts and income trom trusts | 530,530 | 313,631 |
| Legacies | 1,000 | |
| Government grants |
2,725 | |
| 531,530 | 316,356 | |
| Other trading activities |
||
| Project fees and rents | 384,162 | 303,940 |
| Other trading activities | 39,474 | 30,956 |
| 423,636 | 334,896 | |
| Investment income |
||
| Dividends -equities |
225 | |
| Ititerest - deposits | 7,803 | 4,557 |
| 7,803 | 4,782 | |
| Charitable activities |
||
| Grants and contracts | 792,612 | 734,996 |
| Total incoming resources | 1&755,581 | 1,391,030 |
| Raising donations and legacies |
||
| Administration Costs |
10$727 | 13,893 |
| Charitable activities |
||
| Wages | 1,009,633 | 976,039 |
| Running expenses |
516,589 | 412,743 |
| 1,526,222 | 1,388,782 | |
| Support costs | ||
| Management | ||
| Depreciation on property |
16,721 | 16,721 |
| Motor vehicles | 8,727 | |
| Computer equipment |
7,703 | 4,526 |
| 33,151 | 21,247 |
| 2023 | 2022 |
|---|---|
| 8 | |
| 1,570,100 | 1,423,922 |
| 185,481 | (32,892) |