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2022-03-31-accounts

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Company Registration Number: 00395548 Charity in England Number: 313082 Charity in Scotland Number: SC039472

THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1 - 2
Chair's introduction 3
Trustees' report 4 - 13
Independent examiner's report 14
Statement of financial activities 15
Balance sheet 16 - 17
Statement of cash flows 18
Notes to the financial statements 19 - 33

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Becky Cook, Chair Sandra Mathers, Vice Chair (resigned 13 November 2021) Heather Lomas, Vice Chair John Tuck, Treasurer Sue Allingham (resigned 13 November 2021) Emma Davies Noreen Dawes (resigned 13 November 2021) Aline-Wendy Dunlop (resigned 15 September 2021) Andrina Flinders Julia Henderson Monica Hingorani (appointed 13 November 2021) Jan Holmes Tim Hopkins (appointed 26 November 2021) Sian Hudson Maureen Mathieson (appointed 13 November 2021) Shaddai Tembo Nicola Theobald Glenda Tinney Glenda Walsh Clare Williams

Company registered number 00395548 Charity registered Registered charity No. 313082 number Charity registered in Scotland No. SC039472 Registered office 2 Victoria Square Victoria Street St Albans Hertfordshire AL1 3TF President Cathy Nutbrown Chief Executive & Beatrice Merrick Company Secretary Independent Examiner Stephen Jones FCA Myrus Smith Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM1 4BW

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Bankers

Lloyds Bank PLC 180-182 High Street Walthamstow London E17

Unity Trust Bank Nine Brindley Place Birmingham B1 2HB

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

Chair’s Introduction

This last year has seen Early Education continue to evolve and flourish.

It has been heartening to see the enthusiastic take-up of the Birth to 5 Matters guidance across the early years sector in England. With over 30,000 hard copies sold and 167,000 downloads, the endorsement of the sector is loud and clear. The publication, and the coalition from which it evolved, embodies our determination to provide a community of practice in which all early childhood educators share and expand their expertise together – considering the evidence base, respecting one another’s years of experience and creating shared resources for the sector’s benefit. The Birth to 5 Matters Spring Festival which marked the first anniversary of the guidance was a joyous celebration of shared values, with 3,000 practitioners participating in a rich selection of inspirational and high-quality content.

The professional development opportunities under our own banner included a recovery of Associate bookings, as our clients found the confidence to start running conferences and training once again – although with an increased amount of online delivery. Our branches continue to fill a vital niche in providing affordable CPD that meets local need. Online learning gave us new ways of supporting practitioners in England with the introduction of the revised EYFS and continuing to provide a varied programme for all practitioners. The start of the pandemic showed us how quickly we could evolve to meet changing needs, and we will continue to explore new ways of supporting professional learning.

We were delighted to see our long campaign for maintained nursery school funding reach another milestone, with the supplementary funding put on a long-term footing in the government’s Spending Review. There remain huge challenges ahead to ensure that government funding for the early years is fair and viable for all settings across the sector, and above all that it is targeted where it is most needed – not to enrich shareholders but to provide high quality early childhood education for the most disadvantaged children. We will continue to speak out about children’s right to high quality early childhood education, and the need to invest in the workforce who deliver it. It is extraordinary that there remains such a stark gulf between the pay, qualifications, and conditions of those educating our youngest children and those working in the school’s sector. The pandemic underlined the need for both stages of education to be treated with equal priority and status, and we will make the case for that loud and clear.

Next year, 2023, is our centenary. We are already planning a series of activities which will celebrate how far we have travelled in the last century and look forward to the challenges of the next.

The trustees would like to thank our Chief Executive, Beatrice Merrick, and her team for another successful year and extend our gratitude to our President Professor Cathy Nutbrown, our Vice Presidents, branch officers and our Associates.

Becky Cook Chair of Trustees

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Board of Trustees, who are the directors and trustees of the charity, present their report and financial statements for the year ended 31 March 2022 which also contains the directors’ report as required by company law.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charitable company’s constitution, the Charities Act 2011 and 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 (FRS102) (effective 1st January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted as a company limited by guarantee and is governed by its Articles of Association.

Board of Trustees:

The membership of the Board of Trustees is listed on page 1. The Board of Trustees meets four times each year. The strategic plan is reviewed annually. The majority of trustees are elected from the membership to ensure that members in all nations and regions of the UK are represented, with cooptions used to bring in additional skills and expertise from outside the sector. We are committed to inclusion and diversity, and seek to improve the balance of under-represented groups among our trustees. An induction pack is given to all new trustees outlining policy and strategy, legal status and governance, structure, organisation and staffing and finance. This is reviewed annually and updated as necessary.

The Finance & General Purposes (F&GP) Committee consists of the Treasurer, Chair of the Board and elected trustees. This committee meets four times each year with delegated authority from the Board, monitors the organisation’s performance and makes recommendations to the Board of Trustees. Additional working groups and sub-committees are established as needed and currently include a Marketing Sub-Group and a Centenary Working Group.

Both Board and F&GP Committee meetings are attended by the Chief Executive.

Staff team Beatrice Merrick Chief Executive Chris Hussey Training and Communications Manager Clive Copeman Administrator – Membership and Events Donna Gaywood Birth to 5 Matters project co-ordinator (June 2021-March 2022)

The staff team has regular meetings. Staff appraisal and review meetings are in place and training is available for all staff members and volunteers. Pay for staff is approved by the Finance & General Purposes Committee and reported to the Board of Trustees.

Risk management

The Board of Trustees is responsible for the management of risks faced by the Association. Detailed considerations of risk are delegated to the Finance & General Purposes Committee. Risks are identified and assessed, and controls are established throughout the year. The Risk Register is reviewed each year.

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

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

OBJECTS AND ACTIVITIES

The charity is constituted as a company limited by guarantee and is therefore governed by its Articles of Association. The charity is known as Early Education.

Early Education’s objectives are to promote the education and development of young children, and to support those who provide early education and care. We aim to carry out our charitable purposes to deliver public benefit through the following activities. We champion the rights of the child and strive to improve provision for young children. We provide a network of support, advice and collective representation for anyone concerned with the provision of quality education and care of young children. We are a membership organisation with members across the UK. We publish books, resources and a journal in print, and maintain a website with further online resources, supplemented by e-newsletters and social media communications. We provide opportunities for professional development through our local branch events, a national programme of training courses and conferences, and the training and consultancy provided by our Associates. We also undertake project work in support of our aims.

The Trustees confirm that they have complied with the duty in the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

ACTIVITIES IN 2021-22

Major achievements for the year included:


Securing maintained nursery school supplementary funding for the full duration of the Spending
Review

A return to normal level of consultancy activity for the Associates

Continuation of online training

A continuing programme of branch activity including two new branches
Securing maintained nursery school supplementary funding for the full duration of the Spending
Review

A return to normal level of consultancy activity for the Associates

Continuation of online training

A continuing programme of branch activity including two new branches
2021-22: the year in figures (2020-21 figures in italics)
Membership 887 individual members (881)
432 organisational members (448)
Local branches 16 branches held 61 events with 3110 bookings
(14 branches ran 49 events with 3092 bookings)
National events 1,186 bookings for 48 webinars (3,488 bookings for 73 webinars)
47 bookings for the Annual National Conference 2021; 58 bookings for the online
Autumn Conference (130).
Projects Promoted and disseminated the_Birth to 5 Matters_non-statutory guidance for the Early
Years Foundation Stage, on behalf of the Early Years Coalition:
167,000 downloads of Birth to 5 Matters in PDF form
765,000 unique page views of the Birth to 5 Matters website
30,300 printed copies sold via Early Education
12,300 registrations for the free Birth to 5 Matters Spring Festival from c.3,000
individuals
Associates 184 bookings for 84 clients for bespoke training and consultancy
(59 bookings for 40 clients)
Social media 21k followers on Twitter (19k)
7,400 followers/6,000 likes on Facebook (7,000/5,825)
Online content 137,000 views of the new website plus 1m page views (767,500 unique page views) of
the old one (1,079,000 unique page views)
Publications Sold 30,300 copies of_Birth to 5 Matters_and 700 copies of other publications (2,500
sales of all publications)
Member
updates		 23 e-news bulletins (19) to 2000 member contacts

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

The year in detail

Our assessment of success in the reporting period is set out below, analysing performance against our objectives, as set out in our work plan 2021-22.

1. Advocacy/Campaigns, policy and public awareness

Early years funding

As part of the campaign for viable funding for maintained nursery schools, we organised three meetings of the All Party Parliamentary Group on Nursery Schools, Nursery and Reception Classes, the last of which was attended by the Children and Families Minister, following a meeting between the minister and APPG officers. We also continued to work with NAHT, NEU and Unison on the joint campaign, including a joint Spending Review submission and a petition to the Chancellor.

In November, continued supplementary funding was confirmed for the duration of the three-year spending review. Next steps are to secure the long-promised government review of the funding formula itself.

Our report on the impact of the pandemic on MNS funding received good press coverage including Sky News and The Guardian. We continued to make representations to government on the impact of Covid on the sector and the need for a recovery package to ensure settings were able to provide children with the additional support they need following the pandemic.

EYFS reforms and Birth to 5 Matters

A project co-ordinator, Donna Gaywood, was appointed to lead on dissemination of the guidance and the production of additional CPD resources as needed. She worked with other organisations in the sector to raise awareness of the guidance and created a series of videos and resources for the website, including a leaflet for settings to use with parents. In March 2022, she curated a 10-day long free Spring Festival to celebrate key themes of the guidance which had 12,300 bookings from approximately 3,000 individuals to attend the 29 scheduled sessions. An interim evaluation of the guidance suggests that it has been widely adopted by practitioners and has impacted positively on practice.

Early Education’s own webinar programme included many sessions on the EYFS reforms and Birth to 5 Matters was frequently referenced in support of training content. We produced a suite of free videos for members about the reforms. Ongoing liaison with DfE included discussions about their proposals to produce exemplification videos instead of the more detailed guidance available prior to the reforms.

Reception baseline assessment

A report by campaign group More Than A Score was published in April 2021, including a chapter coauthored by our Chief Executive, who was also involved in briefings for a debate in the Lords in July 2021 which called unsuccessfully for a delay in the introduction of Baseline. A petition against the reception baseline assessment, with over 100,000 signatures, was handed in to Downing Street in September.

The campaign is ongoing but has evolved to reflect that from September, RBA became statutory, alongside the panoply of primary tests.

Diversity and anti-racism

As part of our aim to lobby for collection of better national data on the representation of ethnic groups within the early years sector we are working with researchers at Middlesex University who are undertaking research into ethnic representation at different levels within maintained nursery schools. It is hoped this research will act as a feasibility study and pilot for wider research in the early years sector.

Professional learning

2. Membership and branches

Membership retention and recruitment

Attempts to maximise membership retention through improved renewal processes, increased use of direct debits, and attractive member benefits have seen some success, with continued growth of individual termly/quarterly membership via direct debit and promotion of bulk-buy “multisite” memberships. As a result, membership income increased by 8%.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

The new membership database introduced in December provides automated renewal reminders and a “self-service” app to reduce the amount of staff time spent on routine administration. It also provides automated follow-up emails to new members. Any impact on retention should be visible in the next financial year.

2022 2021 2022 2021
Individual full rate
(annual/termly)		 528 540 Group A 203 220
Individual - online only (termly) 145 106 Group B 40 44
Concessions 53 51 GroupC 22 22
Students/concession – online 120 142 multisite (main) 19 23
Life member 41 42 multisite (additional) 128 139
Multisite (additional) - online 19 -
Total individual members 887 881 Totalgroup members 432 448

Branches

Head office continued to support branches with online meetings, and two new branches were started during the year in Cambridgeshire and Gloucestershire. In total, 16 branches held 61 events (mostly online) with 3110 bookings; committees in other branches are working towards restarting events next year. The role played by branch officers and committee members on an entirely voluntary basis in keeping branches running throughout the last two very difficult years deserves special mention.

Membership benefits

We continue to explore how to provide good value for members through exclusive member benefits producing a series of free briefing videos for members regarding the EYFS reforms. We also revamped the member “e-news” bulletin to provide an updated look as part of the new membership IT systems.

Centenary planning

The Centenary Working Group began planning for 2023. The proposal for a centenary book, to be edited by our President, Professor Cathy Nutbrown, was accepted by a publisher and work on it began.

3. CPD, Training and events

Online learning

We continued to run our training events online this year, as these had proved so successful. Uncertainty over the potential impact of new variants of Covid meant that moves to return to face-to-face or blended approaches were postponed.

Attendance at webinars was lower than the previous year when many staff had additional time to access training while working from home or on furlough. However, it remained well above the level of bookings for face-to-face courses in the year before. We took 1,186 bookings for 48 webinars in 2021-22. In addition, there were 47 bookings for the Annual National Conference 2021 and 58 bookings for the online Autumn Conference, both held online.

4. Associates

Associate bookings returned more or less to pre-pandemic levels, but with the majority of activity taking place online. Although some face-to-face activity resumed, clients were operating in the same climate of uncertainty about potential disruption by Covid, and in some cases may prefer online options for convenience.

We recruited four new Associates during the year as part of our rolling programme of recruitment.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

5. Publications and resources

The Birth to 5 Matters guidance which we published on behalf of the Early Years Coalition at the end of March 2021 was downloaded 167,000 times in 2021-22. Sales of the printed version of Birth to 5 Matters during the year topped 30,000 (including at cost copies to coalition partners), alongside sales of 700 copies of older publications. This reflects the typical cycle of publications being boosted by regulatory changes at national level, but base level demand for print publications remaining low.

We produced three issues of the Early Education Journal for members and sent fortnightly e-news bulletins. Six guest blogs were published during the year, the most popular of which – a critique of the DfE’s Reading Framework – had over 4,000 views.

6. Projects and funding applications

We undertook a small project jointly with the Froebel Trust on Families’ Access to Nature, with the research taking place in the 2021-22 financial year and the outcomes being published in summer 2022.

This year also saw the completion of the Erasmus+ funded project on child-centredness, with the e-book produced by the project being hosted on the Early Education website.

At the end of the year, we received confirmation of success in gaining funding from Youth Music for a project on Family Music Hubs to be undertaken in 2022-23 by one of our Associates, Nicola Burke, and two of her colleagues.

7. Marketing and promotion

Under the newly drafted marketing strategy, a partnership with equipment manufacturers, Cosy, was trialled and terminated in relation to promotion of our online training. Implementation of the new website and membership/contacts database put in place structures on which future marketing efforts can build.

8. Governance and compliance

During the year, an HR consultant was commissioned to review the staff handbook and contracts to ensure these remained fit for purpose, particularly in the light of changing working patterns and new legislation. With the help of an external expert, trustees undertook a review of good governance and identified potential areas of improvement.

9. COVID-19 recovery

We undertook a survey of the impact of Covid on maintained nursery schools which identified the scale of need for additional funding. A follow-up survey addressed the pandemic’s impact on provision for children with SEND. We continued to lobby government on the need for further support for children, families and providers in the context of this evidence.

Maintaining Early Education’s own viability following the pandemic was achieved by focusing on successful income streams such as membership, online training and sales of the new Birth to 5 Matters guidance. We also secured cost savings in relation to office rent, photocopying and card payments by continued review of contracts. Cashflow was monitored regularly by the trustees through the year.

10. Office administration

Our new website and database went live in mid-December only two weeks later than the target date. Some transitionary work continued after that date and an interim solution was put in place for event bookings, as that module of the new database was not released in time.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

PERFORMANCE AND IMPACT

Our primary means of raising the quality of early childhood education in the UK are through our impact on policy as a campaigning organisation, and our influence on practitioners’ professional learning.

These two aspects feature in the Birth to 5 Matters guidance. The collective action of the Early Years Coalition (EYC) in working together to produce the guidance sent strong messages to government about the concerns of practitioners and the importance of listening to sector bodies. Our members and practitioners across the sector have welcomed the guidance as reflecting their values and principles and providing a valuable tool to support their practice.

Continued work with the APPG for Nursery Schools, Nursery and Reception Classes and joint working with the NAHT, NEU and Unison have ensured the issue of maintained nursery school funding remains in the spotlight, and has secured ongoing ministerial commitment to change, including a long-term commitment to nursery school funding in the Spending Review. The work of the More Than A Score campaign has had increased traction with headteachers and parents as the pandemic underlined the need to do things differently.

In relation to supporting practitioners, we continue to offer a broad range of professional learning opportunities including local branch events and national training. The move to online learning has hugely increased our reach.

Our financial performance for the year was better than budgeted, thanks mainly to increased income from publications sales.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

PLANS FOR THE FUTURE

Trustees reviewed the organisation’s strategic direction in January 2020 and agreed the goals which should drive our work.

GOAL 1. Practitioners benefit from/participate in high quality professional learning experiences which enhance their:

GOAL 2: National and local policymakers receive appropriate messages and information from the sector and engage in informed dialogue.

These goals were used to guide the workplan for 2022-23.

Trustees have agreed the following priorities for next financial year.

1. Centenary planning and delivery

To prepare for and deliver in 2023, a programme of events and activities to celebrate our centenary including:

2. Advocacy/Campaigns, policy and public awareness

Continue to prioritise opportunities to support campaigns in relation to:

Continue to liaise with DfE and Ofsted over early years policy in England.

Professional learning

3. Membership and branches

Membership retention and recruitment

Maximise membership retention through improved renewal processes, increased use of direct debits, and attractive member benefits.

Improve recruitment of new members through marketing strategy, e.g., segmented/targeted offers. Branches

Support branches with online meetings and returning to face-to-face meetings where they wish.

4. CPD, Training and events

5. Associates

Seek to continue and if possible, expand the Associate programme through a rolling programme of recruitment to address gaps in coverage and increase diversity and through seeking new channels to market its availability.

6. Publications and resources

Continue production of Journal and e-news. Attempt to increase frequency and regularity of blogs. Continued dissemination of Birth to 5 Matters guidance online and in print.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

7. Projects and funding applications

Seek project funding, with a focus for supporting quality improvement in areas of need, and possibly promoting learning between the four nations of the UK.

8. Marketing and promotion

Seek to engage professional marketing support to increase reach and impact.

9. Governance and compliance

Complete review of good governance and implement agreed actions.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Results

The results for the year are set out on page 15 of these financial statements. Movements in tangible fixed assets are shown in note 15.

Gross income for the year was £494,659 (2021: £313,072). Membership income increased to £94,408 (2021: £87,325). Events income decreased to £42,909 (2021: £79,533), due to a decline in bookings. Consultancy undertaken by Associates increased to £142,776 (2021: £88,387), as activity returned to pre-pandemic levels. The most significant impact on income was the publication of the Birth to 5 Matters guidance which generated huge interest and, as a result, publication sales increased to £169,422 (2021: £12,379).

Expenditure increased to £450,682 (2021: £322,523). The direct costs of the various activities are in line with income levels. Support costs £179,030 (2021: £195,882) show as having decreased in the year, due to a change in the methodology of reporting project staff.

Branch income of £8,169 (2021: £7,322) exclusive of branch rebates of £3,464 (2021: £5,221) was higher than expenditure of £5,457 (2021: £8,902) as events remained mostly online, with lower expenses than for face to face meetings.

Overall, the charity made a surplus of £43,977 (2021: deficit of £9,451).

Reserves and investments

Early Education's funding comes mainly from membership fees, sales of goods and services, donations and grants from public and private bodies. Sufficient funds are kept in Early Education's current account to meet immediate needs. Monies in excess of £20,000 in the current account are maintained in a deposit account held with Unity Bank.

Early Education's reserves policy is to maintain three months operating expenses. The committee estimate this to be approximately £89,000 for the year ending 31 March 2022. Unrestricted general funds at this date amounted to £119,289. The purposes of the reserves are to ensure that sufficient funds are available to cover any temporary funding shortfall which results from cash flow timings and to cover its liabilities should the charity ever have to close.

Risk

The principal risk identified in relation to the 2021-22 financial year was the necessity to continue generating activities which provide a surplus. The volatility of income streams remains a challenge: the fall in events income was fortunately offset by a rise in consultancy and publications sales. Bearing in mind the ongoing challenge for the charity of generating sufficient surplus to cover core costs, the trustees will continue to keep under review the need to maximise income from core activities and additionally seek out project funding that can support this. It plans to use surplus funds to invest in marketing to increase future income.

Procedures are in place to monitor the adequacy of working capital and trustees receive regular reports on the financial position.

Having achieved a surplus in the current year, the current level of reserves provides some flexibility going forward.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company 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 (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

Stephen Jones of Myrus Smith, Chartered Accountants was apponted as our independent examiner in April 2018 and reappointed by the Annual General Meeting in November 2020.

Small Company Exemptions

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

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Becky Cook 03 Nov 2022 12:16:35 GMT (UTC +0) John Tuck 10 Nov 2022 13:06:13 GMT (UTC +0) ................................................ ................................................ Becky Cook John Tuck (Chair of Trustees) (Treasurer)

Date: 03 November 2022

10 November 2022

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

Independent Examiner's Report to the Trustees of The British Association For Early Childhood Education ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and Basis of Report

As the Trustees of the Company (and 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 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 Company's accounts 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 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 ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

Signed: Stephen Jones 10 Nov 2022 14:09:21 GMT (UTC +0) Dated: 10 November 2022

Stephen Jones FCA Myrus Smith Norman House 8 Burnell Road Sutton Surrey SM1 4BW

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
3
Charitable activities:
4
Membership
Courses & conferences
Consultancy
Branch income
Project grants
. Publications & resources
Investments
6
Other income
7
Total income
Expenditure on:
Charitable activities:
8
Membership
Courses & conferences
Consultancy
Branch expenditure
Projects
Publications & resources
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
858
94,408
42,909
142,776
8,169
-
169,422
85
50
458,677
51,297
59,259
137,351
5,457
23,136
138,200
414,700
43,977
117,532
43,977
161,509		 Restricted
funds
2022
£
-
-
-
-
-
35,982
-
-
-
35,982
-
-
-
-
35,982
-
35,982
-
-
-
-		 Total
funds
2022
£
858
94,408
42,909
142,776
8,169
35,982
169,422
85
50
494,659
51,297
59,259
137,351
5,457
59,118
138,200
450,682
43,977
117,532
43,977
161,509		 Total
funds
2021
£
525
87,325
79,533
88,387
7,322
37,485
12,379
116
-
313,072
52,175
74,826
107,163
8,902
40,910
38,547
322,523
(9,451)
126,983
(9,451)
117,532

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 33 form part of these financial statements.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee) REGISTERED NUMBER: 00395548

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
Designated funds
20
General funds
20
Total unrestricted funds
20
Total funds		 4,813
40,354
215,202
260,369
(113,403)
42,220
119,289		 2022
£
14,543
14,543
146,966
161,509
161,509
161,509
-
161,509
161,509		 9,861
53,905
194,058
257,824
(142,076)
36,044
81,488		 2021
£
1,784
1,784
115,748
117,532
117,532
117,532
-
117,532
117,532

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee) REGISTERED NUMBER: 00395548

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Becky Cook 03 Nov 2022 12:16:35 GMT (UTC +0) ................................................ Becky Cook (Chair)

John Tuck 10 Nov 2022 13:06:13 GMT (UTC +0)

................................................ John Tuck (Treasurer)

Date: 03 November 2022

10 November 2022

The notes on pages 19 to 33 form part of these financial statements.

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VirtualSignature Transaction Ref. KS88-26KM-8GBF 10 Nov 2022 14:09:55 GMT (UTC +0) D 1/2 P 20/35

THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Investment income
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Net cash inflow/(outflow) brought forward
Cash flows from financing activities
Net cash provided by financing activities
Change 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
The notes on pages 19 to 33 form part of these financial statements		 2022
£
36,082
85
(15,023)
(14,938)
21,144
-
21,144
194,058
215,202		 2021
£
(7,929)
116
-
116
(7,813)
-
(7,813)
201,871
194,058

Page 18

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

The British Association For Early Childhood Education is a company limited by guarentee and incorporated in England and Wales. The charity is registered in both England and Scotland.

The company's registered office adress and principal place of business is 2 Victoria Square, Victoria Street, St Albans, Hertfordshire, AL1 3TF.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The British Association For Early Childhood Education 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.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Membership subscriptions have been accounted for over the period to which they relate. The unearned proportion is carried forward under deferred income for recognition in future years.

Grants and donations have been accounted for when receivable by the charity. Relevant gift aid taxation refunds received after the year have been included in the results. Legacies are accounted for when received or otherwise only if amounts are with certainty. All other incoming resources are accounted for when receivable.

2.3 Expenditure

All expenditure is accounted for on an accruals basis, inclusive of irrecoverable VAT and is allocated to the appropriate heading in the accounts.

Charitable expenditure comprises services supplied and activities undertaken which are identifiable as wholly or mainly in support of the charity's objectives.

Governance costs are those costs associated with the governance arrangements of the charity and these include independent examination fees, legal advice for trsutees, costs associated with trustee meetings and the cost of the preparation of the statutory accounts and management time associated with the support of the trustees.

2.4 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Minor additions of below £500 are written off in the year incurred.

2.5 Stocks

Stocks are valued at the lower of cost and net realisable value.

2.6 Debtors

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

2.7 Cash at bank and in hand

Cash at bank and 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.

2.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resultig 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 discounts due.

2.9 Financial instruments

The charity 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 measured at amortised cost using the effective interest method.

2.10 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight-line basis over the lease term.

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.13 Branches

Figures have been included for the charity's branches based on the submission of a branch return for the year ended 31 March 2022.

3. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Donations 858 858 525

4. Income from charitable activities

Membership
Courses & conferences
Consultancy
Branch income
Project grants
Publications & resources		 Unrestricted
funds
2022
£
94,408
42,909
142,776
8,169
-
169,422
457,684		 Restricted
funds
2022
£
-
-
-
-
35,982
-
35,982		 Total
funds
2022
£
94,408
42,909
142,776
8,169
35,982
169,422
493,666		 Total
funds
2021
£
87,325
79,533
88,387
7,322
37,485
12,379
312,431

Page 21

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Project grant income

Froebel Trust
Erasmus Project
EY Coalition Project		 2022
£
6,010
1,654
28,318
35,982		 2021
£
5,096
4,095
28,294
37,485

6. Investment income

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Interest receivable 85 85 116
7. Other incoming resources
Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Other income 50 50 -

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Analysis of expenditure on charitable activities

Summary by fund type

Membership
Courses & conferences
Consultancy
Branch expenditure
Project grants
Publications & resources		 Unrestricted
funds
2022
£
51,297
59,258
137,352
5,457
23,136
138,200
414,700		 Restricted
funds
2022
£
-
-
-
-
35,982
-
35,982		 Total
funds
2022
£
51,297
59,258
137,352
5,457
59,118
138,200
450,682		 Total
funds
2021
£
52,175
74,826
107,163
8,902
40,910
38,547
322,523

Summary by expenditure type

Membership
Courses & conferences
Consultancy
Branch expenditure
Project grants
Publications & resources		 Staff costs
2022
£
32,688
25,881
31,865
-
36,449
23,038
149,921		 Depreciation
2022
£
543
566
498
-
317
340
2,264		 Other costs
2022
£
18,066
32,811
104,989
5,457
22,352
114,822
298,497		 Total
funds
2022
£
51,297
59,258
137,352
5,457
59,118
138,200
450,682		 Total
funds
2021
£
52,175
74,826
107,163
8,902
40,910
38,547
322,523

Page 23

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities

Membership
Courses & conferences
Consultancy
Branch expenditure
Project grants
Publications & resources		 Direct costs
2022
£
6,770
21,046
94,634
5,457
35,982
107,763
271,652		 Support
costs
2022
£
44,527
38,212
42,718
-
23,136
30,437
179,030		 Total
funds
2022
£
51,297
59,258
137,352
5,457
59,118
138,200
450,682		 Total
funds
2021
£
52,175
74,826
107,163
8,902
40,910
38,547
322,523

10. Analysis of support costs

Staff costs
Governance costs
Depreciation
Other costs
Establishment costs
Office running costs		 2022
£
129,702
6,442
2,264
57
14,367
26,198
179,030		 2021
£
143,912
2,897
1,586
547
16,474
30,466
195,882

11. Net income/(expenditure)

2022 2021
£ £
Net income/(expenditure) is stated after charging:
Rent - operating lease 13,960 13,960
Independent examiners fee 1,600 1,600
Depreciation 1,962 1,586
(Profit)/loss on disposal of fixed assets 302 -

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Independent examiner's remuneration

2022 2021
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 1,600 1,600

13. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
130,636
9,215
10,070
149,921		 2021
£
126,200
8,307
9,405
143,912

The average number of persons employed by the Company during the year was as follows:

Charitable
Governance		 2022
No.
3
1
4		 2021
No.
3
1
4

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
No. No.
In the band £70,001 - £80,000 1 1

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis comprise the Trustees and the Chief Executive. The total remuneration (including taxable benefits and employers pension contributions) of the key management personnel for the year was £73,482 (2021 - £74,486).

Under FRS102, employee benefits include gross salary, benefits in kind, employer's national insurance and employer pension costs.

14. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).

During the year, no Trustee expenses have been incurred (2021 - £NIL).

Page 25

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
16.
Stocks
Finished goods and goods for resale
17.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Improvements
to property
Furniture &
equipment
£
£
95,650
55,115
-
682
-
(51,646)
95,650
4,151
95,650
53,492
-
995
-
(51,505)
95,650
2,982
-
1,169
-
1,623		 Computer
database &
website
£
81,218
14,341
(81,218)
14,341
81,057
967
(81,057)
967
13,374
161
2022
£
4,813
2022
£
32,783
1,930
5,641
40,354		 Total
£
231,983
15,023
(132,864)
114,142
230,199
1,962
(132,562)
99,599
14,543
1,784
2021
£
9,861
2021
£
44,706
2,469
6,730
53,905

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
35,702
8,562
12,088
57,051
113,403		 2021
£
41,418
7,587
9,308
83,763
142,076

19. Deferred income

Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March 2022		 2022
£
80,604
52,701
(80,604)
52,701		 2021
£
100,228
80,604
(100,228)
80,604

Page 27

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20. Statement of funds

Statement of funds - current year

Balance at 1
April 2021
£
Unrestricted funds
Designated funds
Designated funds for branch
36,044
General funds
General fund
81,488
Total Unrestricted funds
117,532
Restricted funds
Froebel Trust
-
ERASMUS
-
EY Coalition Project
-
-
Total of funds
117,532		 Income
£
Expenditure
£
8,169
(5,457)
450,508
(409,243)
458,677
(414,700)
6,010
(6,010)
1,654
(1,654)
28,318
(28,318)
35,982
(35,982)
494,659
(450,682)		 Transfers
in/out
£
3,464
(3,464)
-
-
-
-
-
-		 Balance at
31 March
2022
£
42,220
119,289
161,509
-
-
-
-
161,509

Page 28

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Designated funds for branch
General funds
General fund
Total Unrestricted funds
Restricted funds
Froebel Trust
ERASMUS
EY Coalition Project
Total of funds		 Balance at
1 April 2020
£
33,568
93,415
126,983
-
-
-
-
126,983		 Income
£
7,322
268,265
275,587
5,096
4,095
28,294
37,485
313,072		 Expenditure
£
(8,902)
(276,136)
(285,038)
(5,096)
(4,095)
(28,294)
(37,485)
(322,523)		 Transfers
in/out
£
4,056
(4,056)
-
-
-
-
-
-		 Balance at
31 March
2021
£
36,044
81,488
117,532
-
-
-
-
117,532

Page 29

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

21. Summary of funds

Summary of funds - current year

Balance at 1
April 2021
£
Designated funds
36,044
General funds
81,488
Restricted funds
-
117,532
Summary of funds - prior year
Balance at
1 April 2020
£
Designated funds
33,568
General funds
93,415
Restricted funds
-
126,983		 Income
£
Expenditure
£
8,169
(5,457)
450,508
(409,243)
35,982
(35,982)
494,659
(450,682)
Income
£
Expenditure
£
7,322
(8,902)
268,265
(276,136)
37,485
(37,485)
313,072
(322,523)		 Transfers
in/out
£
3,464
(3,464)
-
-
Transfers
in/out
£
4,056
(4,056)
-
-		 Balance at
31 March
2022
£
42,220
119,289
-
161,509
Balance at
31 March
2021
£
36,044
81,488
-
Summary of funds - prior year
Designated funds
General funds
Restricted funds
117,532

Page 30

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
Total
funds
2022
£
£
14,543
14,543
260,369
260,369
(113,403)
(113,403)
161,509
161,509

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
1,784
257,824
(142,076)
117,532		 Total
funds
2021
£
1,784
257,824
(142,076)
117,532

Page 31

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THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement
Activities)
Adjustments for:
Depreciation charges
Investment income
Decrease in stocks
Decrease in debtors
Decrease in creditors
Net cash provided by/(used in) operating activities
24.
Analysis of cash and cash equivalents
Head office accounts
Branch accounts
Total cash and cash equivalents
25.
Analysis of changes in net debt
Cash at bank and in hand		 of Financial
At 1 April
2021
£
194,058
194,058		 2022
£
43,977
2,264
(85)
5,048
13,553
(28,675)
36,082
2022
£
172,982
42,220
215,202
Cash flows
£
21,144
21,144		 2021
£
(9,451)
1,586
(116)
2,530
52,525
(55,003)
(7,929)
2021
£
158,014
36,044
194,058
At 31 March
2022
£
215,202
215,202

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VirtualSignature Transaction Ref. KS88-26KM-8GBF 10 Nov 2022 14:10:16 GMT (UTC +0) D 1/2 P 35/35

THE BRITISH ASSOCIATION FOR EARLY CHILDHOOD EDUCATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

26. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £10,070 (2021 - £9,405). Contributions of £390 (2021 - £465) were payable to the fund at the balance sheet date and are included in creditors.

27. Operating lease commitments

At 31 March 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2022 2021
£ £
Not later than 1 year 6,102 8,099

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