2021-03-31-accounts - The Hebden Bridge Nursery Action Group Limited

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REGISTERED COMPANY NUMBER: 02277014 (England and Wales)
REGISTERED CHARITY NUMBER: 519937

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`

`FOR`

`THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED`

Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`

	`Page`	`Page`	`Page`
`Report of the Trustees`	`1`	`to`	`4`
`Independent Examiner's Report`		`5`
`Statement of Financial Activities`		`6`
`Balance Sheet`		`7`
`Notes to the Financial Statements`	`8`	`to`	`15`
`Detailed Statement of Financial Activities`	`16`	`to`	`17`

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Thecharity'sobjectsaretoadvancetheeducationofchildrenbelowcompulsoryschoolagein the
ElectoralWardsofCalderValleyandLuddendenFootofthetheMetropolitanBoroughofCalderdale and
its surrounding districts and in particular for the children of lone parent families by:

a) Providing safe and satisfying group play in which parents have the right to take part b) Educating and informing the general public and official bodies by publicising the work of the association and by making it known the needs of lone parents and other families with dependant children
c) Encouraging other charitable activities through which parents may help the children

The charity's aim is to provide high quality childcare in a nurturing and stimulating environment.

Thecharityalsoaimsasacharitableorganisationtobeaffordableandaccessibletoaswidearange of
people as possible and to be integrated into our local community.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

Thecharityhascontinuedtoprovidedaycarenurseryfacilitiestochildrenbelowcompulsoryschool age
during the year under review.

Thetotalincomefortheyearwas£453,529(2020:£421,707)resultinginaninflow/(outflow)of £39,438
(2020: of £32,634).

`Performance`

CrossleyMillthrivedin2020-21,albeittheyear'schallengesforcedanevenmorecircuitousroute than
usual.Thereareanumberoflessonswelearnedaboutourresilienceasacharityinthisyear,but we
were certainly able to fulfil our charitable purpose even more than normal.

Financially,astheTreasurer'sreportwillsetout,Nurseryprovedveryresilient.Inthefaceof forced
closureduringthefirstlockdownwewereabletosignificantlyreduceexpenditureandour reserves
wouldhaveenabledustosurviveanevenmoreextendedlockdown.Themajorityofcostswhich we
couldnotcurtailwewereabletorecoverviaourinsurancepolicy.Thismeansthatattheendofthe year,
Nurseryremainedingoodfinancialhealth.Wedidneedtoraisefeesduringtheyeartoensure that
operationalcostspost-lockdownwerecoveredbyfeeincome,butweremainsignificantlycheaper than
other local nurseries, thanks to the fact we are not a profit-making organisation.

AswelookforwardtheBoardisexploringwhethertherearebetterwaystostructureNursery's reserves,
includingwhethersomeshouldbesetasideforafuturepropertypurchase(suchasforholiday club,
whichpresentlyoccupiesrentedpremises).TheBoardalsoresolvedtoemployapart-time Company
Secretary,tohelpusmeetthehigheststandardsofgovernanceandprovidemoresupporttothe Board,
whichisofcoursecomprisedofparentvolunteers.Attheendofthefinancialyearweidentified a
suitable candidate and look forward to her involvement in 2021-22.

Fromacharitableperspective,Nurserycontinuedtoprovidehighquality,homelychildcarefor key
workersthroughoutthepandemicandwhenlockdownwaseased,wereturnedtopartnormality. Unlike
somelocalnurseries,wedidnotchargeparentsduringlockdownclosuresnorwhenbubbleswere forced
toclose.Whilstclosedtonon-keyworkers,staffprovidedGoogleClassroom-basedsessionsfor children
to stay connected and to do music, French and other favourite activities.

Allofthishasbeenenabledbytheflexibilityandcommitmentofthemanagementandstaffat Nursery.
Allhavegoneaboveandbeyondthisyear.There'sahugeamountofthoughtandcaregoneinto the
NurseryroutinesandmaintainingthehomelinessofCrossleyMillunderthevariousrestrictions.They are
our greatest asset, and we thank them for everything they've done.

Page 1

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`

`FINANCIAL REVIEW`

`Financial position`

AyearlikenootherwiththeimpactofCovid19felt.AllthingsconsideredCrossleyMillfairedvery well.
Withthehelpofasuccessfulinsuranceclaim(£40,000)andacontingency"Covidfund"setasideto deal
with bubble/nursery closure.

Overallnetprofitclosedat£54,691fortheyearwhichonceyoutakeouttheinsuranceclaimisstill an
overall profit of £14,691.

Feeincomeremainedhealthy(withtheexceptionofthemonthswherethenurserywascloseddue to
Covid) averaging £29,000 on a 'normal' month occupancy.

`Nursery education grant`

Thecharityreceives,onbehalfofparentswitheligiblechildren,educationgrantmoniesfromthe local
educationauthority.Theeducationgrantcoversuptoamaximumoffivethreehoursessionsper week
foramaximumofthirtyeightweeksperyearduringthetermtimehoweverthenurseryhastaken the
decisioninthisfinancialyeartospreadtheofferingfromthelocaleducationauthorityover50weeks of
the year allowing parents more access to childcare outside term time.

The nursery education grant is accounted for separately as a restricted fund.

`Investment policy`

Thecharityputinplacein2017-18anupdatedInvestmentPolicyinlinewithCharity Commission
guidelinesthatcashreservesshouldbeinvestedappropriately.Therevisedpolicyrequiredthecharity to
investasubsetofourcashreservesinanappropriatelylow-risk,ethicalinvestmentvehicle.The took
stepsin2018-19toexecutethispolicyandinvestinaspecialistcharityinvestmentfund.Thefirst year
ofreturnsfromthisfundhavebeensignificantlybetterthanourpreviousinvestmentpolicywhich put
those funds in a simple, low-interest savings account.

`Reserves policy`

Thetrusteeshaveconsidered,inlinewithCharityCommissionguidelines,whattheir reserve
requirementsareandhavesetapolicywhichreflectstheirwishtomaintaintheiractivities.The total
capital and reserves at 31st March 2021 were £454,034 (2020: £399,343).

The funds split at 31st March 2021 was:

Unrestricted £222,350
Restricted    £231,684

Thetrusteesconsiderthattheaboveresourcesaresufficienttosupportandmaintainthe charity's
programmeofservices.Theethicalinvestmenttrustanddepositbankaccountholdsour'Reserves' and
should hold sufficient money to meet all outstanding liabilities.

CrossleyMillNurseryislocatedinastonebuiltbuildingonthecanalside.Thesiteisconsidered secure
althoughitispossiblethatthebuildingcouldbevandalisedorburntdown.Insurancetothevalueof the
buildingandcontentsmustbeinplaceforthiseventualityandanycostswhichariseasa consequence
thereof.Followingcarefulconsiderationofthecurrentinherentrisksofoperatinginchildcare,a reserves
targetofbetweenthreeandfourmonthsstaffwages(incl.holidaypay)plusanyintended capital
expenditureisconsideredtobesufficient.Thisrepresentsarangeof£60,000to£100,000excluding any
capitalexpenditureplanned.Thisrangewillcoverperceivedrisksinallowingexpendituretobemet and
ensure best bank rates whilst ensuring money is not being held inappropriately.

This policy will be reviewed on an annual basis.

`FUTURE PLANS`

FromanacademicperspectiveweintendtoreviewthegovernancebytheBoardofthe Nursery's
academicpriorities,includingaquarterlyreviewofkeyfocusareasforacademicimprovement.Thisis to
ensureboththattherecontinuestobestrongstrategicplanningaroundthelearningenvironment, and
that we are able to keep ahead of Ofsted's requirements of nurseries in this area.

Wealsointendtoexplorewaystoimproveourstaffbenefitswithaparticularfocuson improving
healthcare support and financial planning.

Page 2

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`

`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`

HebdenBridgeNurseryActionGroupLimitedisacharitablecompanylimitedbyguarantee, incorporated
14July1988andregisteredasacharityon27July1988.Thecompanywasestablishedunder a
MemorandumofArticleswhichestablishedtheobjectsandpowersofthecharitablecompanyand is
governedunderitsArticlesofAssociation.Intheeventofthecompanybeingwoundupmembers have
agreed to contribute a sum not exceeding £1.

`Appointment and retirement of trustees`

The number of trustees must not be less than three or more than twenty at any time.

TrusteesarerequiredtoretirefromofficeonarotationbasisattheAnnualGeneralMeeting. The
trustees required to retire by rotation are those who have been longest in office.

Ifthecharity,atthemeetingatwhichatrusteeretiresbyrotation,doesnotfillthevacancythe retiring
trustee, if willing to act, is reappointed unless it has been resolved at a meeting not to fill the vacancy.

Nootherpersoncanbeappointedorreappointedastrusteeunlesstheyarerecommendedby the
trustees.additionaltrusteescanbeappointedprovidedthatitdoesnotexceedthefixednumber of
appointments in accordance with the Articles of Association.

The induction of new trustees is completed by existing trustees.

`Organisational structure and how decisions are made`

ThecharityisrequiredtoholdnotlessthantwoGeneralMeetings,includinganAnnualGeneral Meeting,
in every calendar year at such time and place as is determined by the Board.

Theboardcan,wheneveritthinksfit,conveneanExtraordinaryGeneralMeeting,andwill upon
requisition of not less than ten members, convene an Extraordinary General Meeting.

Aresolutionputtothevoteofthemeetingisdecidedonashowofhands,unlessapollis,before or
uponthedeclarationoftheresultoftheshowofhands,demandedbytheChairpersonoratleast three
members present in person.

Each member has one personal vote at a General Meeting and all votes must be given personally.

Inacaseofequalityvotes,whetheronashowofhandsoronapoll,theChairpersonisentitledto a
second or a casting vote.

Daytodaymanagementisdelegatedtomanagers,withoversightbyandreportingtotheboard of
trustees.  The board of trustees meets approximately every 6 - 8 weeks throughout the year.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`

02277014 (England and Wales)

`Registered Charity number`

`Registered office`

Crossley Mill Nursery
New Road
Hebden Bridge
HX7 8AD

`Trustees`

Ms R Dring
A Knudsen
Mr A Bradley Chairman
Mrs R Gosden
S Crossland (appointed 1.5.2020)
B Rose (appointed 3.3.2021)
N Godwin (appointed 12.11.2020)

Page 3

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Independent Examiner`

Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

`Solicitors`

Duffy Fowler Gabbi Solicitors
5-6 Wragley House
Valley Road
Hebden Bridge
HX7 8AD

`Bankers`

Co-operative bank
BUSINESS DIRECT
P O Box 250,
Skelmerdale
England
WN8 6WT

`PUBLIC BENEFIT`

ThetrusteeshavereferredtotheguidancecontainedintheCharityCommissions'generalguidance on
public benefit when reviewing the aims and objectives of the charity and in planning future activities.

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:

.......................................................
Mr A Bradley - Trustee

Page 4

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED`

`Independent examiner's report to the trustees of The Hebden Bridge Nursery Action Group Limited ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2021.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsofthe Companies
Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder section
145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmember of
Institute of Chartered Accountants of England and Wales which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

John Dakin
Institute of Chartered Accountants of England and Wales
Cresswells

12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

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

Page 5

`THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED`

`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Charitable activities` `3` `Total activities` `343,085` `Investment income` `2` `1,834` `Total` `344,919` `EXPENDITURE ON` `Charitable activities` `4` `Total activities` `296,691` `Net gains/(losses) on investments` `15,253` `NET INCOME/(EXPENDITURE)` `63,481` `RECONCILIATION OF FUNDS` `Total funds brought forward` `158,869` `TOTAL FUNDS CARRIED FORWARD` `222,350`	`Restricted` `funds` `£` `108,610` `-` `108,610` `117,400` `-` `(8,790)` `240,474` `231,684`	`2021` `Total` `funds` `£` `451,695` `1,834` `453,529` `414,091` `15,253` `54,691` `399,343` `454,034`	`2020` `Total` `funds` `£` `419,309` `2,398` `421,707` `454,256` `(8,457)` `(41,006)` `440,349` `399,343`

The notes form part of these financial statements

Page 6

`THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED`

`BALANCE SHEET 31 MARCH 2021`

`Notes` `FIXED ASSETS` `Tangible assets` `11` `Investments` `12` `CURRENT ASSETS` `Debtors` `13` `Cash at bank and in hand` `CREDITORS` `Amounts falling due within one year` `14` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `NET ASSETS` `FUNDS` `16` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2021` `£` `277,460` `87,789` `365,249` `16,753` `87,476` `104,229` `(15,444)` `88,785` `454,034` `454,034` `222,350` `231,684` `454,034`	`2020` `£` `289,162` `72,536` `361,698` `19,666` `29,453` `49,119` `(11,474)` `37,645` `399,343` `399,343` `158,869` `240,474` `399,343`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 31 March 2021.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................
Mr A Bradley - Trustee

The notes form part of these financial statements

Page 7

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

TheFinancialStatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialreportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1January2015)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct 2006.
The financial statements have been prepared under the historical cost convention.

ThefinancialstatementsarepresentedinSterlingwhichisthefunctioncurrencyofthe company
and rounded to the nearest £.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Freehold property- Straight line over 10 years and 50 years
Fixtures and fittings-   15% to 33% on reducing balance and 10% on cost

`Taxation`

Thecharity'sactivitiesfallwithintheexemptionsaffordedbytheprovisionsoftheIncome and
CorporationTaxes Act 1988. Accordingly, there is no taxation charge in these accounts.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

continued...

Page 8

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`2.` `INVESTMENT INCOME` `Other fixed asset invest - FII` `3.` `INCOME FROM CHARITABLE ACTIVITIES` `Nursery fees` `Bank interest receivable` `Insurance receipt` `Government grants received` `4.` `CHARITABLE ACTIVITIES COSTS` `Total activities` `5.` `DIRECT COSTS OF CHARITABLE ACTIVITIES` `Staff costs` `Operational costs` `Provision of daycare nursery` `Bad debts` `Depreciation` `6.` `SUPPORT COSTS` `Management` `£` `Total activities` `108,112`	`Direct` `Costs (see` `note 5)` `£` `297,629` `Other` `£` `2,326`	`2021` `£` `1,834` `2021` `Total` `activities` `£` `387,178` `3` `39,514` `25,000` `451,695` `Support` `costs (see` `note 6)` `£` `116,462` `2021` `£` `260,615` `3,429` `21,345` `-` `12,240` `297,629` `Governance` `costs` `£` `6,024`	`2020` `£` `2,398` `2020` `Total` `activities` `£` `419,169` `140` `-` `-` `419,309` `Totals` `£` `414,091` `2020` `£` `256,382` `3,461` `35,310` `597` `16,920` `312,670` `Totals` `£` `116,462`

continued...

Page 9

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`6. SUPPORT COSTS - continued`

Support costs, included in the above, are as follows:

`Wages` `Social security` `Rates and water` `Insurance` `Light and heat` `Repairs and maintenance` `Office expenses` `Sundries` `Bookkeeping` `Accountancy fees` `Legal fees`	`2021` `Total` `activities` `£` `43,438` `21,316` `2,597` `17,941` `9,469` `10,092` `3,259` `2,326` `2,664` `3,360` `-` `116,462`	`2020` `Total` `activities` `£` `51,981` `22,713` `3,148` `15,873` `7,696` `23,284` `4,234` `4,470` `3,144` `3,390` `1,653` `141,586`

`7. NET INCOME/(EXPENDITURE)`

Net income/(expenditure) is stated after charging/(crediting):

	`2021`	`2020`
	`£`	`£`
`Depreciation - owned assets`	`12,240`	`16,920`

`8. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for
the year ended 31 March 2020.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.

`9. STAFF COSTS`

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

	`2021`	`2020`
`Nursery and administrative staff`	`22`	`19`

No employees received emoluments in excess of £60,000.

continued...

Page 10

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`INCOME AND ENDOWMENTS FROM` `Charitable activities` `Total activities` `Investment income` `Total` `EXPENDITURE ON` `Charitable activities` `Total activities` `Net gains/(losses) on investments` `NET INCOME/(EXPENDITURE)` `Transfers between funds` `Net movement in funds` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD` `11.` `TANGIBLE FIXED ASSETS` `COST` `At 1 April 2020` `Additions` `At 31 March 2021` `DEPRECIATION` `At 1 April 2020` `Charge for year` `At 31 March 2021` `NET BOOK VALUE` `At 31 March 2021` `At 31 March 2020`	`Unrestricted` `fund` `£` `321,385` `2,398` `323,783` `343,326` `(8,457)` `(28,000)` `13,023` `(14,977)` `173,846` `158,869` `Freehold` `property` `£` `534,899` `-` `534,899` `260,296` `9,858` `270,154` `264,745` `274,603`		`Restricted` `funds` `£` `97,924` `-` `97,924` `110,930` `-` `(13,006)` `(13,023)` `(26,029)` `266,503` `240,474` `Fixtures` `and` `fittings` `£` `60,622` `538` `61,160` `46,063` `2,382` `48,445` `12,715` `14,559`	`Total` `funds` `£` `419,309` `2,398` `421,707` `454,256` `(8,457)` `(41,006)` `-` `(41,006)` `440,349` `399,343` `Totals` `£` `595,521` `538` `596,059` `306,359` `12,240` `318,599` `277,460` `289,162`

continued...

Page 11

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`12. FIXED ASSET INVESTMENTS`

`FIXED ASSET INVESTMENTS`
	`Listed`
	`investments`
	`£`
`MARKET VALUE`
`At 1 April 2020`	`72,536`
`Revaluations`	`15,253`
`At 31 March 2021`	`87,789`
`NET BOOK VALUE`
`At 31 March 2021`	`87,789`
`At 31 March 2020`	`72,536`

There were no investment assets outside the UK.

`13.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Other debtors` `Prepayments` `14.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Social security and other taxes` `Other creditors` `Accrued expenses`	`2021` `£` `3,125` `34` `13,594` `16,753` `2021` `£` `1,629` `2,058` `35` `11,722` `15,444`	`2020` `£` `3,445` `3,940` `12,281`
		`19,666`
		`2020` `£` `825` `4,546` `-` `6,103`
		`11,474`

`15. ANALYSIS OF NET ASSETS BETWEEN FUNDS`

`Unrestricted` `fund` `£` `Fixed assets` `45,776` `Investments` `87,789` `Current assets` `104,229` `Current liabilities` `(15,444)` `222,350`	`Restricted` `funds` `£` `231,684` `-` `-` `-` `231,684`	`2021` `Total` `funds` `£` `277,460` `87,789` `104,229` `(15,444)` `454,034`	`2020` `Total` `funds` `£` `289,162` `72,536` `49,119` `(11,474)` `399,343`

continued...

Page 12

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`16. MOVEMENT IN FUNDS`

`At 1.4.20` `£` `Unrestricted funds` `General fund` `158,869` `Restricted funds` `Removing Barriers Grant` `544` `The Crossley Mill Fund` `239,930` `240,474` `TOTAL FUNDS` `399,343` `Net movement in funds, included in the above are as follows:` `Incoming` `Resources` `resources` `expended` `£` `£` `Unrestricted funds` `General fund` `344,919` `(296,691)` `Restricted funds` `Removing Barriers Grant` `-` `(82)` `Early Education Funding` `104,164` `(104,164)` `The Crossley Mill Fund` `-` `(8,708)` `Inclusion Funding` `4,446` `(4,446)` `108,610` `(117,400)` `TOTAL FUNDS` `453,529` `(414,091)` `Comparatives for movement in funds` `Net` `movement` `At 1.4.19` `in funds` `£` `£` `Unrestricted funds` `General fund` `173,846` `(28,000)` `Restricted funds` `Removing Barriers Grant` `753` `(96)` `Outside Area Grant` `8,404` `(4,202)` `The Crossley Mill Fund` `257,346` `(8,708)` `266,503` `(13,006)` `TOTAL FUNDS` `440,349` `(41,006)`	`Net` `movement` `in funds` `£` `63,481` `(82)` `(8,708)` `(8,790)` `54,691` `Gains and` `losses` `£` `15,253` `-` `-` `-` `-` `-` `15,253` `Transfers` `between` `funds` `£` `13,023` `(113)` `(4,202)` `(8,708)` `(13,023)` `-`	`At` `31.3.21` `£` `222,350` `462` `231,222` `231,684` `454,034` `Movement` `in funds` `£` `63,481` `(82)` `-` `(8,708)` `-` `(8,790)` `54,691` `At` `31.3.20` `£` `158,869` `544` `-` `239,930` `240,474` `399,343`

continued...

Page 13

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`16. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Removing Barriers Grant` `Early Education Funding` `Outside Area Grant` `The Crossley Mill Fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `323,783` `-` `97,924` `-` `-` `97,924` `421,707`	`Resources` `expended` `£` `(343,326)` `(96)` `(97,924)` `(4,202)` `(8,708)` `(110,930)` `(454,256)`	`Gains and` `losses` `£` `(8,457)` `-` `-` `-` `-` `-` `(8,457)`	`Movement` `in funds` `£` `(28,000)` `(96)` `-` `(4,202)` `(8,708)` `(13,006)` `(41,006)`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Removing Barriers Grant` `Outside Area Grant` `The Crossley Mill Fund` `TOTAL FUNDS`	`At 1.4.19` `£` `173,846` `753` `8,404` `257,346` `266,503` `440,349`	`Net` `movement` `in funds` `£` `35,481` `(178)` `(4,202)` `(17,416)` `(21,796)` `13,685`	`Transfers` `between` `funds` `£` `13,023` `(113)` `(4,202)` `(8,708)` `(13,023)` `-`	`At` `31.3.21` `£` `222,350` `462` `-` `231,222`
				`231,684`
				`454,034`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Removing Barriers Grant` `Early Education Funding` `Outside Area Grant` `The Crossley Mill Fund` `Inclusion Funding` `TOTAL FUNDS`	`Incoming` `resources` `£` `668,702` `-` `202,088` `-` `-` `4,446` `206,534` `875,236`	`Resources` `expended` `£` `(640,017)` `(178)` `(202,088)` `(4,202)` `(17,416)` `(4,446)` `(228,330)` `(868,347)`	`Gains and` `losses` `£` `6,796` `-` `-` `-` `-` `-` `-` `6,796`	`Movement` `in funds` `£` `35,481` `(178)` `-` `(4,202)` `(17,416)` `-` `(21,796)` `13,685`

continued...

Page 14

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`

`16. MOVEMENT IN FUNDS - continued`

`Purposes of restricted funds`

`Early Education Funding`	`The early education funding received from the local education`
	`authority enables the charity to provide free education to`
	`eligible children of up to five two and a half hour sessions per`
	`week for a maximum of thirty eight weeks a year.`
`Removing Barriers Grant`	`This grant was received from Calderdale Council in order to fund`
	`play furniture. The balance is reducing as the associated`
	`furniture depreciates.`
`Outside Area Grant`	`This grant was received from Calderdale Council in order to fund`
	`the of development an outside play area to provide stimulating`
	`outdoor play for all age groups. The balance reduces as the`
	`associated outside area depreciates.`
`The Crossley Mill Fund`	`The building used by the charity, Crossley Mill, was purchased`
	`with the aid of fundraising. The Crossley Mill Fund and the`
	`building purchased by it are treated as restricted funding. The`
	`balance is reduced as the building depreciates.`
`Unrestricted funds`
`Flood Fund`	`The unrestricted Flood fund has been split out in the financial`
	`accounts this year, so that the reader of the accounts can see`
	`the effect these transactions have on the financial position of`
	`the charity. The fund was used to repair and replace the`
	`damage caused in the December 2015 floods, work continue`
	`into this financial year, using the surplus shown in the 2016`
	`accounts.`

`17. RELATED PARTY DISCLOSURES`

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

Page 15

THE HEBDEN BRIDGE NURSERY ACTION
GROUP LIMITED

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`

`INCOME AND ENDOWMENTS` `Investment income` `Other fixed asset invest - FII` `Charitable activities` `Nursery fees` `Bank interest receivable` `Insurance receipt` `Government grants received` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Wages` `Operational costs` `Provision of daycare nursery` `Bad debts` `Depreciation of tangible fixed assets` `Support costs` `Management` `Wages` `Social security` `Rates and water` `Insurance` `Light and heat` `Repairs and maintenance` `Office expenses` `Other` `Sundries` `Governance costs` `Bookkeeping` `Accountancy fees` `Legal fees` `Total resources expended` `Net income/(expenditure) before` `gains and losses` `Realised recognised gains and losses` `Carried forward`	`2021` `£` `1,834` `387,178` `3` `39,514` `25,000` `451,695` `453,529` `260,615` `3,429` `21,345` `-` `12,240` `297,629` `43,438` `21,316` `2,597` `17,941` `9,469` `10,092` `3,259` `108,112` `2,326` `2,664` `3,360` `-` `6,024` `414,091` `39,438` `39,438`	`2020` `£` `2,398` `419,169` `140` `-` `-` `419,309` `421,707` `256,382` `3,461` `35,310` `597` `16,920` `312,670` `51,981` `22,713` `3,148` `15,873` `7,696` `23,284` `4,234` `128,929` `4,470` `3,144` `3,390` `1,653` `8,187` `454,256` `(32,549)` `(32,549)`

This page does not form part of the statutory financial statements

Page 16

`THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`

`Realised recognised gains and losses` `Brought forward` `Realised gains/(losses) on investment` `property` `Net income/(expenditure)`	`2021` `£` `39,438` `15,253` `54,691`	`2020` `£` `(32,549)` `(8,457)` `(41,006)`

This page does not form part of the statutory financial statements

Page 17