Charity Registration No. 500831
Handsworth Day Care Centre
Financial statements
For the year ended 31 March 2024
Handsworth Day Care Centre
Contents
For the year ended 31 March 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 |
| Independent Examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance Sheet | 5 |
| Notes to the financial statements | 6-7 |
Handsworth Day Care Centre Legal and administrative information For the year ended 31 March 2024
| Chairman: | Donald Hayden |
|---|---|
| Treasurer | Carol Reid |
| Committee Member | Nyah Cole |
| Manager | Darlene Aiken |
| Registered office: | Tiny Steps Community Nursery |
| Holy Trinity C of E Primary School | |
| 11 Havelock Rd, Handsworth | |
| B20 3LP | |
| Accountants: | 1st Choice Accountants |
| 94 Grove Lane | |
| Handsworth | |
| Birmingham | |
| B21 9HA | |
| Bankers: | The Co-operative Bank Plc |
| Head Office | |
| P O Box 101 | |
| 1 Balloon Street | |
| Manchester | |
| M60 4EP |
Page 1
Handsworth Day Care Centre Trustee's report For the year ended 31 March 2024
The Management Committee and staff team have worked hard to promote and increase take up of childcare places. The national childcare initiative which aims to increase take up of funded childcare over the next 2 years targeting working parent is welcomed. The majority of the parents accessing our childcare provision are taking up the 15 hours with some meeting the eligibility for the 30 hours. We are aware of the drive to support more adults to access employment opportunities and access the 30hrs of funded childcare which will support the nursery to be more sustainable and support parents who gain employment.
We have also now decided that Early Years apprentices provide the best way forward for the nursery to maintain staffing skill mix and levels. It also creates a learning environment within the setting for experienced practitioners to set standards and share knowledge on best practice in early years to ensure they have a quality placement
The setting also aims to increase its social media presence to promote the setting as we serve a population with highest level of poverty and unemployment within the locality. Reaching out to some of the most deprived families who are seeking childcare whilst offering guidance and signposting support, we hope to assist families who are the most disadvantaged. We are also pleased that we ensure inclusive practice and have children with additional needs who require assessment and tailored interventions which we deliver and access wider specialist early years locality support. Our positive working relation with the school continues to provide a constructive approach for those children who transition to reception. We are all working hard to achieve the best start for all children who access Tiny Step Community Nursery
Acknowledgements
The Management Committee and staff are grateful for all the continued help and support received from our parents, carers and partner agencies.
We approve 2023/2024 financial accounts and confirm that we have made available all relevant records and information for its preparation.
Management Committee Member Management Committee Member
For and on behalf of Handsworth Day Care centre
Date: 24/02/2025
Page 2
Handsworth Day Care Centre Independent Examiners' Report For the year ended 31 March 2024
We report on the accounts of the Charity for the year ended 31 March 2024, which are set out on pages 4 to 7.
Respective responsibilities of the trustees and examiner
The charity’s members are responsible for the preparation of the accounts. The charity’s members consider that an audit is not required for this year (under section 4144(2) of the Charities Act 2011) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts (under section 145 of 2011 Act);
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to follow the procedures laid down in the General Directions given by the Charity Commissioners
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• (under section 145 (5) of 2011 Act); and
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to state whether particular matters have come to our attention.
Basis of the independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of our examination, no matter has come to our attention:
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(1) which gives us reasonable cause to believe that in, any material respect, the members have not met the requirements to ensure that:
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Proper accounting records are kept (in accordance with section 130 of the 2011 Act); and
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
1st Choice Accountants 94 Grove Lane Handsworth Birmingham B21 9HA
Page 3
Handsworth Day Care Centre
Statement of Financial Activities including Income and Expenditure Account For the year ended 31 March 2024
| Notes Parents Fees Early Education Entitlement (EEE) Fund Raising Total incoming resources Resources Expended Governance costs and expenditure 2 Total expenditure Net movement in funds Funds balances at 1 April 2023 Funds balances at 31 March 2024 Incoming resources |
2024 2023 £ £ 3,847 10,921 115,319 91,040 - 3,755 119,166 105,716 114,389 92,285 114,389 92,285 4,777 13,430 (71,038) (84,468) (66,261) (71,038) |
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Handsworth Day Care Centre
Balance Sheet
As at 31 March 2024
| Notes Other debtors Prepayments and Accrued Income Bank overdraft Accruals Net current assets Non-current liabilities Accruals: greater than 1 year Bank loans Net assets Accumulated Funds Balance brought forward Surplus of income over expenditure Current liabilities Current assets |
£ £ £ £ 630 1,061 220 220 850 1,281 5,796 5,652 33,609 23,876 (39,405) (29,528) (38,555) (28,247) - 8,776 27,705 34,015 (27,705) (42,791) (66,261) (71,038) (71,038) (84,468) 4,777 13,430 (66,261) (71,038) 2024 2023 |
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Handsworth Day Care Centre
Notes to the Financial Statements
For the year ended 31 March 2024
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared under historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities, the Statement of Recommended Practice; Accounting and Reporting by Charities 2005.
1.2 Incoming Resources
All incoming resources are included on the statement of Financial Activities when the Charity is legally entitled to the income and amount can be quantified with reasonable accuracy.
1.3 Resources expended
Resources expended are accounted for on an accrual basis. Expenditure includes VAT which cannot be recovered and which is included as part of the expenditure to which it relates.
Costs are allocated between charitable expenditure and governance as appropriate. Charitable expenditure comprises those costs directly incurred in carrying out its charitable activities and expenditure of an indirect nature necessary to support these activities. Governance costs are those associated with the constitutional and statutory requirements of the charity and include Independent Examiners' fees and costs incurred in the strategic management of the charity.
Page 6
Handsworth Day Care Centre
Notes to the Financial Statements - (Continued)
For the year ended 31 March 2024
2 Expenditure
| Salaries Temporary Wages Pensions Agency Staff Staff Training /Recruitment Legal & Professional Rent, Rates & Water Repair & Maintenance Cleaning & Gardening Light & Heat Insurance Printing, Postage & Stationery Telephone & Internet IT & Software Advertising Accountancy Fee Bank & Finance Charges Consumables Resources Employment Settlement Sundry Expenses |
2024 2023 £ £ 91,069 63,649 1,332 - 1,136 1,298 455 1,385 62 522 352 292 4,765 12,629 700 1,067 2,162 1,522 - 377 1,144 1,112 2,097 952 1,175 1,538 1,652 887 41 87 600 600 1,248 2,241 2,321 - 446 1,893 997 - 634 235 114,389 92,285 |
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