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2021-04-30-accounts

Company no. 01579720 Charity no. 283949

The University Nursery Parents Association Limited Annual Report and Unaudited Financial Statements

30 April 2021

The University Nursery Parents Association Limited

Reference and administrative details

For theyear ended 30 April 2021
Company number 01579720
Charity number 283949
Registered office and 34 St Michael's Park
operational address Bristol
BS2 8BW
Trustees Trustees, who are also directors under company law, who served during the
year and up to the date of this report were as follows:
Kate Guthrie (Chair) Appointed 1 June 2021
Frances Cooper (Vice Chair) Appointed 1 June 2021
Byron Adams (Vice Chair) Appointed 1 June 2021
Neil Davies (Treasurer)
Dawn Davies
Steve Glew Resigned 31 May 2021
Helen Kennedy
Katie Pike
Amy Timpson Appointed 1 February 2021
Nicholas Timpson Appointed 1 February 2021
Maria Tottle
Finance manager Claire John
Principal staff Justine Britton (Manager)
Bankers The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

The trustees present their report and financial statements for the year ended 30 April 2021.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

The Bristol University Day Nursery is run by the University Nursery Parents' Association (UNPA), of which every parent with a child at the nursery is automatically a member and has to pay a £5 membership fee. The UNPA is a non-profit making company, limited by guarantee, with charitable status set up specifically to manage the nursery under the terms and conditions negotiated with the University of Bristol as a workplace nursery. The University set the terms on which UNPA operates within the conditions set by the licensing body Ofsted Early Years.

The Nursery is registered with Ofsted, Reg No: 106918, the government's school standards agency, and as such promotes early learning.

Governing document

The charity is governed by its Memorandum of Association dated 30 June 1981. A comprehensive review of this document was undertaken and approved at an extraordinary meeting on 4 September 2014. This has strengthened the nature of the trustee board, clarifying the lines of delegation and generally updating the governing document in line with current legislation.

Organisational structure

Each year at the AGM the UNPA membership elects the trustee board (formally known as the executive committee) which consists of both parents and other interested parties drawn from the University staff and student bodies as set out in the articles, together with others who bring relevant expertise. This board is responsible for the overall strategy and financial management of the nursery.

Interested parties are invited to apply to the board setting out their reasons for wishing to join the board and detailing their experience and skills. New trustees receive an induction file and are encouraged to attend training seminars.

Other members are co-opted to a management committee to oversee areas such as Child Protection, Health and Safety, Staff Liaison and Fundraising. Relevant training is undertaken. A good practice agreement has been developed to be signed by all members of the board and committee.

The Committee for the year comprised:

Executive committee (also trustees)

Kate Guthrie Chair From 1 February 2021 Katie Pike Chair Until 1 February 2021 Byron Adams Vice Chair From 1 February 2021 Frances Cooper Vice Chair From 1 February 2021 Steve Glew Vice Chair Until 1 February 2021 Neil Davies Treasurer

2

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

Committee officers

Ellen Greaves Secretary Elena Hensinger Child Protection Officer Kerry O'Shea Health and Safety Officer Kate Guthrie Staff Liaison Officer Jessica Martin Fundraiser

Committee members

Ruth Colson Daniel Schien Amy Timpson Nick Timpson Svetlana Babchuk Justyna Hinchcliffe Alice Clarke Henry Addison Frances Cooper Bryon Adams Kate Guthrie Francisco Palma Maria Jose Carvallo Jason Sarfo-Annin Sarah Clarke

Related parties

The nursery is established as a workplace nursery for Bristol University, which provides, free of charge, the buildings from which the nursery operates.

Organisational management

The manager of the nursery has responsibility for staff management and development, operational control, curriculum development and good childcare practice, record keeping and reports, parental involvement (managing relationships and sharing information) and liaison with outside agencies including Ofsted, the Local Education Authority and Early Years.

Pay and remuneration

The board are committed to recruiting and retaining quality staff. Competitive salaries are set and pay rises are given in line with the University pay scales. Promotions are recommended to the board by the Nursery Management Team. A subcommittee of the board is responsible for setting senior management salaries.

Risk management

The Board of Trustees is responsible for the overseeing of the major business and operational risks faced by the Nursery. Detailed considerations of risk are delegated to the Senior Management of the Nursery. Risks are identified, assessed and controls established throughout the year. A formal review of the Nursery’s risk assessment processes is undertaken annually. Risk management is managed under the headings of Nursery safety, child welfare and financial sustainability.

3

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

Through the risk management processes established for the Nursery, the Board of Trustees is satisfied that the major risks identified have been adequately mitigated where necessary. It recognises that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The principal risks and uncertainties affecting the business are considered to be:

Charitable objects

The charity’s objects as set out in its Memorandum of Association are to provide and to assist in the provision - including the establishment, control and management of facilities and premises for the education, recreation, care and benefit of children of officers, staff, and students of Bristol University and other persons.

Charity aims

The nursery provides a safe, stimulating and caring environment with high quality play and education. The nursery’s guiding principle is that the children will thrive in a warm and loving atmosphere. Through developing strong working relationships with parents the children’s individual needs can be met to the full. The nursery encourages staff to stay long-term through providing ongoing staff development training, appraisals and internal promotions.

We value:

4

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

Charity objectives for the year included:

Charity strategy for achieving objectives

Over the last year, the pandemic has posed unprecedented challenges to the nursery, including the restrictions on numbers necessitated by “bubbles,” unplanned closures, furloughing of staff and increased cleaning needs. While our core strategy for achieving our objectives has remained fundamentally the same, we have necessarily had to adapt to the needs of the moment.

UNPA continues to give priority to undergraduate students with short notice places made available wherever possible for student children. Balancing current and future demands for places is an ongoing challenge; the pandemic has made it harder to fill places, as many parents have chosen to keep their children at home. The aim remains to achieve the goal of maximum occupancy and still offer flexibility to students wherever possible.

Health and safety continues to be a priority and all policies are reviewed and updated regularly. New staff undertake comprehensive inductions with relevant training where necessary. All staff undertake refresher training on a regular basis. During the past year, additional cleaning regimes have been put in place in line with government guidelines to reduce the chances of a Covid outbreak.

In 2020 - 2021, planned refurbishments had to be postponed because of the limits on people entering the building. These will be pursued as and when it is possible to do so to help ensure a nice environment for children and staff.

The Nursery has maintained a good staff retention level. Where recruitment has been necessary the selection and interview process assess qualifications, experience and undertakes all the necessary checks. All members of staff are encouraged to further their childcare qualifications and to gain experience through additional training, external workshops and in-house courses.

5

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

As an Ofsted registrant, the Nursery is subject to inspection, at any time, of its overall effectiveness, quality of provision, standards and achievement and leadership and management. Therefore, the overall quality and standard of the Nursery are constantly re-evaluated and enhanced on a regular basis.

The Nursery had an Ofsted inspection visit in April 2018 and received an overall ‘good’ rating. A copy of this report is available at: https://files.api.beta.ofsted.gov.uk/106918__9.PDF

Public benefit

The Nursery’s primary means of providing public benefit is through the discounted rates offered to students. This year the value of discount in fees to students totalled £42,764 (2020: £31,444) and represented 7.36% (2020: 4.7%) of gross fees. This provided assistance to 37 (2020: 32) children during the year.

Students continue to take priority within the substantial waiting list and have access to individualised payment plans for those who encounter financial difficulties.

Activities

The principal activity of the UNPA is the provision of nursery and pre-school facilities primarily for the children of students and staff of the University of Bristol. The Nursery opened in 1979. The Nursery operates from 34 and 35 St Michael’s Park, Bristol, which are owned and maintained by the University and used by the Nursery free of charge.

The two main rooms on the ground floor are allocated to babies and children under two years, with separate baby and toddler rooms. Children aged between two and five years are based on the first floor, which has three main playrooms. In addition the room at the rear ground floor of Number 35 (Tiger Room) is used as an additional capacity resource, mainly as a “pre-school” space for 3-5 year olds. There is a fully enclosed and secure garden for outside play. This is divided into separate areas, which are used according to children’s age.

During the year the Nursery employed 25 members of staff who work directly with the children, whose combined hours work out to approximately 22 full time equivalent staff. All except three members of staff hold Level 3 Early Years qualifications. Two employees hold the Early Years Professional Status qualification. The Nursery receives teacher support from the Early Years Development and Child Care Partnership and has received validation from the Bristol Standard for Early Years Care.

Future plans

The Nursery plans to maintain the activities detailed above by continuing the current strategies and seeking opportunities for improvement and development. Specific plans include:

6

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

Financial review

The UNPA has made a deficit for the year of £16,895 (2020: surplus of £4,285).

Revenue for the year was £641,723 (2020: £715,595) representing a 10% decrease on the previous year. Fee income decreased by 14% to £567,476 (2020: £661,659). This was due to nursery closures during periods of national lockdown, and not charging full fees until September 2020. The nursery has also seen slightly lower occupancy numbers with some leavers and parents working at home. Fees for 2020-2021 were increased by approximately 4% in November 2020 for all children.

Expenditure for the period was £658,618 (2020: £711,310); of which staff costs were £557,405 (2020: £570,042). This represents 85% of total costs (2020: 80%).

Reserves policy

The Committee considers it appropriate to have reserves sufficient to cover expenditure for a period in the event of no fees being generated. Reserves also have to be maintained to cover the cost of equipment, repairs and redecoration. The Committee continually reviews the physical and resourcing needs of the Nursery.

The UNPA needs to maintain reserves to cover the operating costs in case the Nursery is required to close for a prolonged period, e.g. due to an outbreak of infection. The Nursery currently has fixed operating costs of approximately £60,000 per month. Whilst the Nursery has business interruption insurance that covers the business for any destruction, damage, interruption or interference for a period of up to 12 months, there may be circumstances where events are not covered by the insurance policy (for example if the decision is made to close the Nursery due to the outbreak of an infection). It is therefore appropriate to be carrying forward at least £180,000 in reserves to cover three months operating contingencies.

At the end of this financial year the Nursery’s free reserves have decreased to £181,802 (2020: £198,697).

Investment policy

The trustees consider that it is appropriate to invest its surplus funds using bank deposit accounts so that liquid reserves are available.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

7

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2021

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 15 September 2021 and signed on their behalf by

Kate Guthrie

Kate Guthrie - Chair

8

Independent examiner's report

To the members of

The University Nursery Parents Association Limited

I report to the trustees on my examination of the accounts of The University Nursery Parents Association Limited (the charitable company) for the year ended 30 April 2021, which are set out on pages 10 to 23.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (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:

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.

Alison Godfrey

Date: 16 September 2021

Alison Godfrey FCA (Member of the ICAEW)

For and on behalf of:

GODFREY WILSON LIMITED

Chartered accountants and statutory auditors 5th Floor, Mariner House 62 Prince Street Bristol BS1 4QD

9

The University Nursery Parents Association Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 April 2021

Note
Income from:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
7
8
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and net
movement in funds		 Restricted Unrestricted
£
£
-
72,613
-
567,476
-
1,404
-
230
-
641,723
-
589
-
658,029
-
658,618
-
(16,895)
-
198,697
-
181,802		 2021
Total
£
72,613
567,476
1,404
230
641,723
589
658,029
658,618
(16,895)
198,697
181,802		 2020
Total
£
50,098
661,659
2,872
966
715,595
1,139
710,171
711,310
4,285
194,412
198,697

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts. All income and expenditure in the current period is unrestricted.

10

The University Nursery Parents Association Limited

Balance sheet

As at 30 April 2021

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
13
Net current assets
Net assets
15
Funds
16
Restricted funds
Unrestricted funds
Total charity funds		 £
10,732
294,475
305,207
(134,818)		 2021
£
11,413
170,389
181,802
-
181,802
181,802		 2020
£
15,048
14,438
317,486
331,924
(148,275)
183,649
198,697
-
198,697
198,697

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 15 September 2021 and signed on their behalf by

Kate Guthrie

Kate Guthrie - Chair

11

The University Nursery Parents Association Limited

Statement of cash flows

For the year ended 30 April 2021

Cash flows from operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Net cash provided by / (used in) investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
(16,895)
5,351
(230)
3,706
(13,457)
(21,525)
230
(1,716)
(1,486)
(23,011)
317,486
294,475		 2020
£
4,285
6,114
(966)
4,882
26,362
40,677
966
(685)
281
40,958
276,528
317,486

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

12

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The University Nursery Parents Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. Whilst the trustees acknowledge the Covid pandemic and the operational challenges it presents, there are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Nursery fee income and subsidies are included in the statement of financial activities when they are earned in respect of the children's attendance at the nursery.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

13

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

1. Accounting policies (continued)

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to charitable activities, as only a negligible amount is attributable to raising funds.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Nursery equipment 25% straight line basis Garden equipment 20% straight line basis Office computers and equipment 25% straight line basis

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

14

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

1. Accounting policies (continued)

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charitable company during the year.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no sources of estimation or uncertainty that have a significant effect on the amounts recognised in the financial statements.

15

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3.
Income from donations
Grants
SEN income
Coronavirus Job Retention Scheme
Covid sustainability grant
Other
Gifts in kind
Total donations
_ Gifts in kind are represented by:_
Nursery premises provided free of charge by University of
Net income / (expenditure) and net movement in
funds		 Restricted
£
£
-
50,098
-
661,659
-
2,872
-
966
-
715,595
-
1,139
2,892
707,279
2,892
708,418
(2,892)
7,177
2021
£
4,128
20,364
10,121
38,000
72,613
Bristol
38,000
Unrestricted		 2020
Total
£
50,098
661,659
2,872
966
715,595
1,139
710,171
711,310
4,285
2020
£
912
11,186
-
38,000
50,098
38,000

All income from donations in the current and prior year is unrestricted.

16

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

4. Income from charitable activities

Income from charitable activities
Baby room fee income
Toddler room fee income
Cub room fee income
Lion room fee income
Other income
Early years funding		 2021
£
109,580
108,457
133,048
70,016
160
146,215
567,476		 2020
£
117,906
126,040
158,430
99,585
695
159,003
661,659

All income from charitable activities in the current and prior year is unrestricted.

5. Income from other trading activities

Fundraising events 2021
£
1,404		 2020
£
2,872

All income from other trading activities in the current and prior year is unrestricted.

6. Government grants

The charity receives government grants, deemed to be Early Years Funding from Bristol City Council, and furlough support under the Coronavirus Job Retention Scheme, to fund core services and charitable activities. The total value of such grants in the period ending 30 April 2021 was £166,579 (2020: £170,189). There are no unfulfilled conditions or contingencies attached to these grants.

17

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

7. Total expenditure

Total expenditure
Staff costs (note 9)
Staff training
Uniform costs
Fundraising costs
Play materials and books
Nursery equipment
Nursery consumables
Food and milk
Outings and parties
Cleaning
Utilities
Insurance
Repairs
Office costs
Other costs
Depreciation
Accountancy fees
Other professional fees
Gift in kind - rent
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising funds
£
-
-
-
589
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
589
-
589		 Charitable
activities
£
557,405
1,802
947
-
949
3,048
2,826
24,205
2,400
-
-
-
4,034
-
-
-
-
-
-
597,616
60,413
658,029		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
2,534
4,460
1,570
-
3,406
2,031
5,351
2,700
361
38,000
60,413
(60,413)
-		 2021 Total
£
557,405
1,802
947
589
949
3,048
2,826
24,205
2,400
2,534
4,460
1,570
4,034
3,406
2,031
5,351
2,700
361
38,000
658,618
-
658,618

Total governance costs were £2,713 (2020: £2,893).

18

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

7. Total expenditure (continued)

Prior period comparative
Staff costs (note 9)
Staff training
Uniform costs
Fundraising costs
Play materials and books
Nursery equipment
Nursery consumables
Tuition fees
Food and milk
Outings and parties
Cleaning
Utilities
Insurance
Repairs
Office costs
Other costs
Depreciation
Audit fees
Other professional fees
Gift in kind - rent
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising funds
£
-
-
-
1,139
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,139
-
1,139		 Charitable
activities
£
570,042
3,838
757
-
3,689
2,801
2,244
11,099
37,918
4,055
-
-
-
9,238
-
-
-
-
-
-
645,681
64,490
710,171		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
-
1,377
7,808
1,537
-
3,816
2,809
6,114
2,880
149
38,000
64,490
(64,490)
-		 2020 Total
£
570,042
3,838
757
1,139
3,689
2,801
2,244
11,099
37,918
4,055
1,377
7,808
1,537
9,238
3,816
2,809
6,114
2,880
149
38,000
711,310
-
711,310

19

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

8. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (including VAT)
Corporation tax (including VAT)		 2021
£
5,351
Nil
Nil
2,700
-		 2020
£
6,114
Nil
Nil
2,580
300

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2021
£
506,536
39,757
10,978
134
557,405		 2020
£
524,828
32,399
12,642
173
570,042

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Nursery Manager, Finance Manager, Deputy Manager and the Assistant Deputy. Total employee benefits paid to the key management personnel was £117,032 (2020: £112,459).

Average head count 2021
No.
27		 2020
No.
27

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

20

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

11. Tangible fixed assets

Cost
At 1 May 2020
Additions
At 30 April 2021
Depreciation
At 1 May 2020
Charge for period
At 30 April 2021
Net book value
At 30 April 2021
At 30 April 2020
12. Debtors
Trade debtors
Prepayments
Accrued income
13. Creditors: amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Deferred income (note 14)
Deposits held		 £
11,389
-
11,389
5,898
2,197
8,095
3,294
5,491
Office
equipment		 £
7,907
1,716
9,623
6,012
965
6,977
2,646
1,895
Nursery
equipment		 £
18,342
-
18,342
10,680
2,189
12,869
5,473
7,662
2021
£
3,153
1,498
6,081
10,732
2021
£
503
6,596
7,748
61,129
58,842
134,818
Garden
equipment		 Total
£
36,953
1,716
39,354
16,476
5,351
21,827
11,413
15,048
2020
£
1,818
1,434
11,186
14,438
2020
£
8,881
22,334
5,948
54,226
56,886
148,275

21

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

14. Deferred income

Deferred income
At 1 May 2020
Deferred during the year
Released during the year
At 30 April 2021		 2021
£
54,226
61,129
(54,226)
61,129		 2020
£
34,472
54,226
(34,472)
54,226

Deferred income relates to Early Years funding received before the year end, but which relates to future months, and nursery fees received in advance.

15. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 30 April 2021
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 30 April 2020		 £
-
-
-
-
£
-
-
-
-
Restricted
funds
Restricted
funds		 £
11,413
305,207
(134,818)
181,802
£
15,048
331,924
(148,275)
198,697
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
11,413
305,207
(134,818)
181,802
Total
funds
£
15,048
331,924
(148,275)
198,697

22

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2021

16. Movements in funds

All income and expenditure in the year ending 30 April 2021 was unrestricted.

Prior period comparative
Restricted funds
Bristol City Council capital grant
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 May
2019
£
2,892
2,892
191,520
191,520
194,412		 Income
£
-
-
715,595
715,595
715,595		 £
(2,892)
(2,892)
(708,418)
(708,418)
(711,310)
Expenditure		 £
-
-
-
-
-
Transfers
between
funds		 £
-
At 30 April
2020
-
198,697
198,697
198,697

17. Related party transactions

There were no related party transactions during the current or prior year.

23