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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 05029856 (England and Wales) REGISTERED CHARITY NUMBER: 288341

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2021

for

Src Community Nursery

Ardor Business Solutions Limited Statutory Auditors Chartered Certified Accountants South View Lower Wall Road West Hythe Kent CT21 4NW

Src Community Nursery

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Statement of Financial Position 12
Notes to the Financial Statements 13 to 18
Detailed Statement of Financial Activities 19 to 20

Src Community Nursery

Reference and Administrative Details for the Year Ended 31 March 2021

TRUSTEES J Wills (Chair) A Saint-Martin (resigned 21.7.20) J Ladenburg F Eshalomi C Hickson A Wrobell S Elk-Kwasmy R Hey (Treasurer) M Meynell Ms A R Gonzalez (resigned 21.7.20) COMPANY SECRETARY M Meynell REGISTERED OFFICE 1 Gaza Street Kennington London SE17 3RJ REGISTERED COMPANY 05029856 (England and Wales) NUMBER REGISTERED CHARITY 288341 NUMBER INDEPENDENT AUDITORS Ardor Business Solutions Limited Statutory Auditors Chartered Certified Accountants South View Lower Wall Road West Hythe Kent CT21 4NW BANKERS NatWest Bank PLC 68 Peckham High Street London SE15 5RZ

Nursery Manager: S Morosoli

Page 1

Src Community Nursery

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The nursery is to provide a high quality affordable care and nursery education to children of working parents in education or training 15 and 30 hours grant funded who are resident in the London Borough of Southwark and surrounding boroughs of Lambeth/Lewisham; to meet the needs of all children by offering a secure and affectionate environment for social development and to reflect the diverse social, ethnic and cultural makeup of the families and staff in the local London boroughs .

We will reflect the diverse social, ethnic and cultural makeup of the borough through the children, their families and the staff.

We will encourage parents and carers to be actively involved in the life of the nursery.

We will make places available to a certain number of children who have special educational needs and disabilities.

We will provide employment and training opportunities for nursery practitioners, students, and trainees.

Page 2

Src Community Nursery

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Significant activities

SRC Community Nursery is registered for 69 places but is a popular nursery and operates a waiting list. Children are offered either a full or part time place, 15-hour free nursery education for 2 and 3 year olds and the extended 30 hours free education.

Places are offered to children who meet the following criteria:

In addition to the above criteria, care is taken to ensure that the ethnic, social and gender balances reflects that of the community. Where a child has profound needs, they are offered places wherever it is possible to provide appropriate care and support.

When a child is enrolled into the nursery, the parents are asked to complete an Enrolment and Consent Form. This acts as a written agreement covering issues such as payment of fees, hours of attendance, any special educational need and disabilities that the child may have, permission for the child to be taken on local outings from the nursery, collection arrangements for the child and who to contact in an emergency. The nursery guidelines are also given to parents to read and agree to.

The nursery is open from 8.00am to 6.00pm every day. The nursery operates for 50 weeks with a closure period in mid-august and bank holidays. The nursery's trustees set the dates for closures at the beginning of the year and parents are notified well in advance. The nursery also has three inset training days.

Nursery staff have a statutory responsibility to ensure that children are safe at all times and that their individual needs are being met. Any concerns regarding the protection and safety of children will be dealt with according to the London Borough of Southwark Child Protection Policy and the nursery's own policy. Parents and carers will be involved at all stages of the Child Protection Procedures, unless this is not in the child's best interest, and might put the child at further risk. The children's safety is paramount.

The trustees set fees annually payable either weekly or monthly. A non-refundable registration fee is charged.

Public benefit

The trustees confirm that they have complied with the duties in Section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

We have referred to the guidance in the Charity Commission general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives that they have set.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The committee consider the performance of the charitable company has been satisfactory, albeit impeded, due to the fact that a number of children have left to go to school.

At the time of writing this report, the nursery is now 90% full.

The nursery also includes the free early education for 2 year-olds also include the 3 and 4 year-olds for 15 and 30 hours funded children. There is a criterion set for the funded 30 hour children set by local government.

Page 3

Src Community Nursery

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Reserves policy

It is the policy of the charitable company to maintain unrestricted funds, which are the free reserves of the charitable company, at a level which provides sufficient funds to cover running costs and administration costs and to respond to any emergencies.

The level of free reserves held at the year end was £45,692 (2019; £56,709).

Going concern

The charitable company does not hold significant reserves as it is the policy of the nursery to invest its funds to the maximum benefit of its current children. The charitable company produces its annual budgets with prudent figures for both income and expenditure; however trustees have concerns over the ability of the nursery to operate as it is currently with the anticipated level of funding and increases in rent. The charitable company expects to see income increase to ensure that the nursery's financial position is secure for the foreseeable future. For this reason the trustees consider it appropriate to adopt the going concern basis in preparing the financial statements.

FUTURE PLANS

The trustees have increased the nursery places and activity levels currently experienced and expect this to be maintained for the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The nursery was set up in Peckham, South East London. Originally intended to be a short term project, it quickly became clear that it was providing much needed good quality childcare and within a year it was oversubscribed. The move to its present site in Gaza Street came in 1991 and since then it has continued to thrive.

SRC Community Nursery was registered as a charity in 1984 and is funded and supported by the London Borough of Southwark. Ofsted inspects the nursery every two to four years. Copies of the most recent reports are held in the nursery and can be found on the official website at Ofsted.gov.uk (registration No. 107458).

The organization was incorporated as a charitable company, limited by guarantee, on 29 January 2004. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £10.

The directors of the charitable company are also charity trustees for the purpose of charity law and are known as members of the Management Committee. The Management Committee includes parent, carers and members of the community. It consists of between eight and sixteen elected members but all parents and staff are welcome to attend meetings as observers.

SRC Community Nursery has retained its character as a community nursery. Its commitment to serve local people and the involvement of parents and carers are central to the way that it is run.

Recruitment and appointment of new trustees

The continued success of the nursery depends on a strong and committed committee. It is hoped that all parents and carers will consider joining the committee in order to contribute their own experience, ideas and skills. No expertise is needed, only the commitment to attend regular meetings and share in the discussions. Southwark Council provide training sessions for the Trustees.

Organisational structure

At the six weekly meetings, members have the opportunity to discuss and influence decisions on every aspect of the nursery's business which might include anything from organising training for staff, to writing a behaviour policy or deciding what food should be served. The Nursery Manager is employed by the committee to run the nursery day to day. The committee employs all staff and it agrees any changes in policy, hours worked, contracts and spending.

Page 4

Src Community Nursery

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Wider network

SRC Community Nursery is located in the London Borough of Southwark (North) and it is open to families from all parts of the borough and adjacent boroughs. It is situated close to Kennington tube station and bus links to Brixton, Camberwell, Stockwell and Elephant and Castle areas. There is also good public transport links to the centre of London and Croydon.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have the overall responsibility of the organisation and it is one of their responsibilities to examine any major strategic and operational risks. A review of the major risks to which the charitable company is exposed has been conducted.

One of the major risks identified is that the London Borough of Southwark has and will continue to reduce the level of funding that the nursery receives. The aim is for the charitable company to be able to continue without the Borough's funding by seeking new sources of revenue.

Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, children and visitors to the nursery.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Src Community Nursery for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 5

Src Community Nursery

Report of the Trustees for the Year Ended 31 March 2021

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

... R.J.HEY .............................................................. R Hey - Trustee

Page 6

Report of the Independent Auditors to the Members of Src Community Nursery

Opinion

We have audited the financial statements of Src Community Nursery (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

Report of the Independent Auditors to the Members of Src Community Nursery

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

Report of the Independent Auditors to the Members of Src Community Nursery

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Members of Src Community Nursery

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Bryan Michael Kemsley FCCA (Senior Statutory Auditor) for and on behalf of Ardor Business Solutions Limited Statutory Auditors Chartered Certified Accountants South View Lower Wall Road West Hythe Kent CT21 4NW

Date: .............................................

Page 10

Src Community Nursery

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021

31/3/21
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
Childcare and education
327,761
Investment income
2
25
Other income
104,029
Total
431,815
EXPENDITURE ON
Charitable activities
Childcare and education
392,128
NET INCOME/(EXPENDITURE)
39,687
RECONCILIATION OF FUNDS
Total funds brought forward
51,434
TOTAL FUNDS CARRIED FORWARD
91,121
CONTINUING OPERATIONS		 31/3/20
Total
funds
£
6,500
449,192
78
-
455,770
467,638
(11,868)
63,302
51,434

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 11

Src Community Nursery (Registered number: 05029856)

Statement of Financial Position 31 March 2021

31/3/21
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
3,532
CURRENT ASSETS
Debtors
8
4,942
Cash at bank and in hand
94,220
99,162
CREDITORS
Amounts falling due within one year
9
(11,573)
NET CURRENT ASSETS
87,589
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,121
NET ASSETS
91,121
FUNDS
10
Unrestricted funds
91,121
TOTAL FUNDS
91,121		 31/3/20
Total
funds
£
5,742
8,982
67,006
75,988
(30,296)
45,692
51,434
51,434
51,434
51,434

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

....... R.J.HEY ...................................... R Hey - Trustee

The notes form part of these financial statements

Page 12

Src Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charitable company does not hold significant reserves as it is the policy of the nursery to invest its funds to the maximum benefit of its current children. The charitable company produces its annual budgets with prudent figures for both income and expenditure. The charitable company expects to see income increase to ensure that the nursery's financial position is secure for the foreseeable future. For this reason the trustees consider it appropriate to adopt the going concern basis in preparing the financial statements.

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs represents expenditure associated with the audit and preparation of the charitable company's financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost Furniture and equipment - 20% on cost Sensory room - 20% on cost Computer equipment - 25% on cost

Fixed asset acquisitions of £500 and above are capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Page 13

continued...

Src Community Nursery

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

3.

31/3/21 31/3/20
£ £
Deposit account interest 25 78
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31/3/21 31/3/20
£ £
Auditors' remuneration 5,400 5,280
Depreciation - owned assets 2,210 1,985
Hire of plant and machinery 9,162 15,737

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Page 14

continued...

Src Community Nursery

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administration and support
Charitable activity staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Childcare and education
Investment income
Total
EXPENDITURE ON
Charitable activities
Childcare and education
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31/3/21
31/3/20
2
2
17
20
19
22
Unrestricted
fund
£
6,500
449,192
78
455,770
467,638
(11,868)
63,302
51,434

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 15

continued...

Src Community Nursery

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. TANGIBLE FIXED ASSETS

Improvements
Furniture
to
and
Sensory
property
equipment
room
£
£
£
COST
At 1 April 2020 and
31 March 2021
102,472
37,067
17,894
DEPRECIATION
At 1 April 2020
102,472
31,541
17,894
Charge for year
-
1,994
-
At 31 March 2021
102,472
33,535
17,894
NET BOOK VALUE
At 31 March 2021
-
3,532
-
At 31 March 2020
-
5,526
-
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
10.
MOVEMENT IN FUNDS
At 1/4/20
£
Unrestricted funds
General fund
51,434
TOTAL FUNDS
51,434		 Computer
equipment
£
1,426
1,210
216
1,426
-
216
31/3/21
£
2,192
2,750
4,942
31/3/21
£
551
-
11,022
11,573
Net
movement
in funds
£
39,687
39,687		 Totals
£
158,859		 Totals
£
158,859
153,117
2,210
155,327
3,532
5,742
31/3/20
£
7,982
1,000
8,982
31/3/20
£
5,753
4,241
20,302
30,296
At
31/3/21
£
91,121
91,121

Page 16

continued...

Src Community Nursery

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
431,815
431,815		 Resources
Movement
expended
in funds
£
£
(392,128)
39,687
(392,128)
39,687

Comparatives for movement in funds

At 1/4/19
£
Unrestricted funds
General fund
63,302
TOTAL FUNDS
63,302
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
455,770
TOTAL FUNDS
455,770
A current year 12 months and prior year 12 months combined position is as
At 1/4/19
£
Unrestricted funds
General fund
63,302
TOTAL FUNDS
63,302		 Net
movement
At
in funds
31/3/20
£
£
(11,868)
51,434
(11,868)
51,434
Resources
Movement
expended
in funds
£
£
(467,638)
(11,868)
(467,638)
(11,868)
follows:
Net
movement
At
in funds
31/3/21
£
£
27,819
91,121
27,819
91,121

Page 17

continued...

Src Community Nursery

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
887,585
887,585		 Resources
Movement
expended
in funds
£
£
(859,766)
27,819
(859,766)
27,819

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 18

Src Community Nursery

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
INCOME AND ENDOWMENTS
Donations and legacies
Grants
Investment income
Deposit account interest
Charitable activities
Child care fees
FEEE grant
Other income
Job Retention Scheme income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Provisions and sundry household items
Play equipment and materials
Trips, outings and entertainment
Training and cover
Waste disposal
Cleaning
Subscriptions
Support costs
Management
Wages
Social security
Equipment leases
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Repairs and renewals
Bank charges		 31/3/21
£
-
25
139,242
188,519
327,761
104,029
431,815
266,727
8,520
17,096
12,489
2,666
-
-
1,630
5,830
7,640
322,598
21,960
1,818
9,162
10,184
1,401
6,180
2,414
2,715
636
4,838
612
61,920		 31/3/20
£
6,500
78
262,495
186,697
449,192
-
455,770
304,301
13,159
5,420
18,858
8,899
2,016
1,925
1,282
2,200
1,773
359,833
22,980
1,840
15,737
24,330
1,641
10,744
3,036
5,116
1,213
13,045
858
100,540

This page does not form part of the statutory financial statements

Page 19

Src Community Nursery

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Management
Other
Furniture and equipment
Computer equipment
Governance costs
Auditors' remuneration
Total resources expended
Net income/(expenditure)		 31/3/21
£
1,994
216
2,210
5,400
392,128
39,687		 31/3/20
£
1,767
218
1,985
5,280
467,638
(11,868)

This page does not form part of the statutory financial statements

Page 20