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2022-04-30-accounts

Company no. 01579720 Charity no. 283949

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

30 April 2022

The University Nursery Parents Association Limited

Reference and administrative details

For the year ended 30 April 2022

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:

Byron Adams Frances Cooper Neil Davies Resigned 29 April 2022 Dawn Davies Helen Kennedy Kate Guthrie Appointed 1 June 2021, resigned 29 April 2022 Steve Glew Resigned 31 May 2021 Katie Pike Amy Timpson Nicholas Timpson 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 2022

The trustees present their report and financial statements for the year ended 30 April 2022.

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)

Frances Cooper Vice-Chair until 29 April 2022, Chair from 30 April 2022 Kate Guthrie Chair until 29 April 2022 Byron Adams Vice-Chair until 29 April 2022, Treasurer from 30 April 2022 Kerry O’Shea Vice-Chair from 11 May 2022 Neil Davies Treasurer until 29 April 2022

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The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2022

Committee officers

Ellen Greaves Secretary Elena Hensinger Child Protection Officer Kerry O'Shea Health and Safety Officer Helen Kennedy� Staff Liaison Officer Jessica Martin Fundraising Officer

Committee members

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

Related parties

The nursery is established as a workplace nursery for University of Bristol, 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 2022

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 the University of Bristol 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 2022

We aim to:

Charity objectives for the year included:

Charity strategy for achieving objectives

Resuming a more normal service as lockdown easing continued

Over the last year, disruption caused by the Covid-19 pandemic was significantly reduced. Bubbles were phased out and we returned to normal staffing arrangements. However, the nursery was forced to close at short notice on Friday 18 March 2022 when 6 members of staff (including the Nursery Manager) tested positive. On that day, 12 children were allowed to stay at the nursery until 1pm as they had exceptional circumstances, but all other children were unable to attend. The following week (commencing 21 March 2022), a further 5 staff tested positive, bringing the total to 11. During this week, the nursery remained open to a limited number of children (maximum of 30 children per day across 2 rooms). In the week commencing 28 March 2022, the nursery was still operating with reduced staff, but was able to accommodate up to 50 children per day across 4 rooms. Normal service resumed on the 4 April 2022.

Maintaining high health and safety standards

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. The Covid-19 pandemic has reinforced the importance of keeping the building clean, but the extra cleaning protocols brought in during the height of the pandemic were stopped in January 2022 as they were putting a large burden on staff.

Upgrading computing facilities

The Wi-Fi network was upgraded and new iPads were purchased for staff in the rooms.

Continuing to build links with the University of Bristol

This is ongoing both on a formal (e.g. Service Level Agreement) and informal basis (e.g. via UNPA committee members and trustees who work or study at the University).

5

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2022

Maintaining support and flexibility for students

We continue to offer reduced fees and priority access to students, work with the University to enhance the childcare provision for student parents, and encourage student parents to join the UNPA committee and/or serve as a trustee.

Recruiting and retaining quality staff

In order to ensure that pay scales remain competitive, we increased nursery fees in line with the current market rates and used the money raised to increase our salaries and bring them into line with the current labour market. We actively monitor pay scales at all times to ensure they remain competitive and always look for opportunities to continue the training and development of staff.

Over the last year, the turnover in staff was higher than usual. 10 members of staff left and one member of staff only worked for 3 days before deciding to leave. In order to maintain the smooth running of the nursery, we have been proactive at recruiting new staff, and have taken on 9 new staff over the course of the year. Of these, one staff member started and left within the year (01/09/21–31/12/21) and another staff member was appointed for a newly-created position of lunchtime assistant in the Baby Room.

The high turnover of staff created some temporary staffing issues, particularly in March 2022, so our Finance Manager, Claire John, started working 2 days per week in a room. The Nursery Manager and Deputy Nursery Manager also spend a proportion of their time in rooms as well.

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.

Improving HR processes

We have recruited a local HR firm (H2R Selection) to help us to update, improve, and streamline our HR processes.

Improving efficiency and reducing our carbon footprint

We have been transferring many of our paper-based systems and records from paper-copy to online in order to improve efficiency and accountability, as well as to reduce our carbon footprint. This is an ongoing process.

Continuing refurbishment of the building

Due to Covid-19-related delays, this has been postponed until next year.

Maintaining overall quality and standards

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.ofsted.gov.uk/v1/file/2774363

6

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2022

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 £60,832 (2021: £42,764) and represented 9.05% (2021: 7.36%) of gross fees. This provided assistance to 36 (2021: 37) 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 the age of the children.

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:

Financial review

The UNPA has made a surplus for the year of £39,445 (2021: deficit of £16,895).

Revenue for the year was £707,206 (2021: £641,723) representing a 10.2% increase on the previous year. Fee income increased by 16.2% to £659,530 (2021: £567,476). Fees for 2020-2021 were increased by approximately 4% in November 2020 for all children.

Expenditure for the period was £667,761 (2021: £658,618) representing a 1.4% increase on the previous year. Permanent staff costs decreased 0.1% to £556,797 (2021: £557,271). This represents 83% of total costs (2021: 85%). Agency staff costs have increased to £2,729 (2021: £134).

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The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2022

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 increased to £221,247 (2021: £181,802).

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).

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.

8

The University Nursery Parents Association Limited

Report of the trustees

For the year ended 30 April 2022

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 2022 and signed on their behalf by

Frances Cooper - Chair

9

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 2022, which are set out on pages 11 to 22.

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: 20 September 2022

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

10

The University Nursery Parents Association Limited

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

For the year ended 30 April 2022

Note
Income from:
Donations
2
Charitable activities
3
Other trading activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and net
movement in funds		 2022
£
45,395
659,530
2,216
65
707,206
553
667,208
667,761
39,445
181,802
221,247		 2021
£
72,613
567,476
1,404
230
641,723
589
658,029
658,618
(16,895)
198,697
181,802

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. All income and expenditure in the current and prior year is unrestricted.

11

The University Nursery Parents Association Limited

Balance sheet

As at 30 April 2022

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
Funds
Unrestricted funds
Total charity funds		 £
4,967
385,948
390,915
(175,730)		 2022
£
6,062
215,185
221,247
221,247
221,247		 2021
£
11,413
10,732
294,475
305,207
(134,818)
170,389
181,802
181,802
181,802

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 2022 and signed on their behalf by

Frances Cooper - Chair

12

The University Nursery Parents Association Limited

Statement of cash flows

For the year ended 30 April 2022

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		 2022
£
39,445
5,351
(65)
5,765
40,912
91,408
65
-
65
91,473
294,475
385,948		 2021
£
(16,895)
5,351
(230)
3,706
(13,457)
(21,525)
230
(1,716)
(1,486)
(23,011)
317,486
294,475

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

13

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

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.

14

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

1. Accounting policies (continued)

e) Interest receivable

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. All income and expenditure in the current and prior period is unrestricted.

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 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.

15

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

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.

16

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

2.
Income from donations
2022
£
Grants
SEN income
6,895
Apprenticeship grant
500
Coronavirus Job Retention Scheme
-
Covid sustainability grant
-
Other
Gifts in kind
38,000
Total donations
45,395
_ Gifts in kind are represented by:
38,000
_All income from donations in the current and prior year is unrestricted.
3.
Income from charitable activities
2022
£
Baby room fee income
86,721
Toddler room fee income
138,615
Cub room fee income
191,564
Lion room fee income
101,745
Early years funding
140,770
Other income
115
659,530
Nursery premises provided free of charge by University of
Bristol		 2021
£
4,128
-
20,364
10,121
38,000
72,613
38,000
2021
£
109,580
108,457
133,048
70,016
146,215
160
567,476

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

4.
Income from other trading activities
Fundraising events		 2022
£
2,216		 2021
£
1,404

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

17

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

5. Government grants

6. Total expenditure

Staff costs (note 8)
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
Accountancy fees
Other professional fees
Gift in kind - rent
Sub-total
Total expenditure
Allocation of support and
governance costs		 £
-
-
-
553
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
553
-
553
Raising funds		 £
559,526
2,617
1,737
-
4,678
1,218
2,712
4,272
14,301
2,824
-
-
-
11,651
-
-
-
-
-
-
605,536
61,672
667,208
Charitable
activities		 £
-
-
-
-
-
-
-
-
-
-
1,393
5,261
1,903
-
4,146
1,936
5,351
3,120
562
38,000
61,672
(61,672)
-
Support and
governance
costs		 £
559,526
2,617
1,737
553
4,678
1,218
2,712
4,272
14,301
2,824
1,393
5,261
1,903
11,651
4,146
1,936
5,351
3,120
562
38,000
2022 Total
667,761
-
667,761

Total governance costs were £2,760 (2021: £2,713).

18

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

6. Total expenditure (continued) - prior period comparative

Staff costs (note 8)
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

19

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

7. 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)		 2022
£
5,351
Nil
Nil
2,760
300		 2021
£
5,351
Nil
Nil
2,700
-

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2022
£
505,619
39,071
12,107
2,729
559,526		 2021
£
506,536
39,757
10,978
134
557,405

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 £104,812 (2021: £117,032).

Average head count 2022
No.
26		 2021
No.
27

9. 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 2022

10. Tangible fixed assets

£
Cost
At 1 May 2021 and at 30 April 2022
11,389
Depreciation
At 1 May 2021
8,095
Charge for period
2,196
At 30 April 2022
10,291
Net book value
At 30 April 2022
1,098
At 30 April 2021
3,294
11. Debtors
Trade debtors
Prepayments
Accrued income
12. Creditors: amounts due within 1 year
Trade creditors
Accruals
Deferred income (note 13)
Deposits held
Other taxation and social security
Office
equipment		 £
9,623
6,977
966
7,943
1,680
2,646
Nursery
equipment		 £
18,342
12,869
2,189
15,058
3,284
5,473
2022
£
2,856
2,111
-
4,967
2022
£
1,471
24,170
77,225
66,038
6,826
175,730
Garden
equipment		 Total
£
39,354
27,941
5,351
33,292
6,062
11,413
2021
£
3,153
1,498
6,081
10,732
2021
£
503
6,596
61,129
58,842
7,748
134,818

21

The University Nursery Parents Association Limited

Notes to the financial statements

For the year ended 30 April 2022

13. Deferred income

Deferred income
At 1 May 2021
Deferred during the year
Released during the year
At 30 April 2022		 2022
£
61,129
77,225
(61,129)
77,225		 2021
£
54,226
61,129
(54,226)
61,129

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

14. Related party transactions

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

22