2023-03-31-accounts - The Hebden Bridge Nursery Action Group Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees		1 to	5
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow	Statement	10
Notes tothe Financial Statements		11 to	18
Detailed Statement ofFinancial Activities		19

					2023	2022
			Unrestricted	Restricted	Tote I	Total
		Notes	fund	funds I	funds 6	funds 8
INCOME AND ENDOWMENTS	FROM
Charitable activities		3
Total activities			438,434	122,789	561,223	532,234
investment income		2	2,435		2,435	2,129
Total			440,869	122,789	563,658	534,363
EXPENDITURE ON
Charitable activities
Total activities			420,227	127,774	548,001	532,050
Net gains/(losses) on investments			(7,002)		(7,002)	3,340
NET INCOME/(EXPENDITURE)			13,640	(4,985)	8,655	5,653
RECONCILIATION OF FUNDS
Total funds brought forward			236,780	222,907	459,687	454,034
TOTAL FUNDS CARRIED FORWARD			250,420	217,922	468,342	459,687

BALANCE SHEET 31STMARCH 2023
		Notes	2023 I	2022
FIXEDASSETS
Tangible assets		11	262,155	265,574
Investments		12	84,126	91,128
			346,281	356,702
CURRENT ASSETS
Debtors		13	15,212	16,926
Cash at bank			117,454	101,016
			132,666	117,942
CREDITORS
Amounts falling due within	one year	14	(10,605)	(14,957)
NET CURRENT ASSETS			122,061	102,985
TOTAL ASSETS LESSCURRENT
LIABILITIES			468,342	459,687
NET ASSETS			468,342	459,687
FUNDS		16
Unrestricted funds Restricted funds			250,420 217,922	236,780 222,907
TOTAL FUNDS			468,342	459,687

FOR THE YEAR ENDED 31	STMARCH	2023
			2023	2022
		Notes	6	6
Cash flows from operating	activities
Cash generated from operations		1	24,697	11,411
Net cash provided by operating activities			24,697	11,411
Cash flows from investing	activities
Purchase oftangible fixed assets			(10,694)
Dividends received			2,435	2,129
Net cash (used in)/provided	by investing	activities	(8,259)	2,129
Change in cash and cash
equivalents in the reporting period			16,438	13,540
Cash and cash equivalents	at the
beginning ofthe reporting	period		101,016	87,476
Cash and cash equivalents at the end ofthe reporting period			117,454	101,016

FOR	THE YEAR ENDED 3	1STMARCH 2023	1STMARCH 2023	1STMARCH 2023	1STMARCH 2023	1STMARCH 2023
	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2023	2022
					5	I
	Net income for the reporting ofFinancial Activities) Adjustments for:		period (as per	the Statement	8,655	5,653
	Depreciation charges				12,708	11,886
	Losses/(gain) on investments				7,002	(3,340)
	Loss on disposal offixed assets				1,406
	Dividends received				(2,435)	(2,129)
	Decrease/(increase)	in debtors			1,714	(172)
	Decrease in creditors				(4,353)	(487)
	Net cash provided	by operations			24,697	11,411
2.	ANALYSIS OF CHANGES IN		NET FUNDS
				At 1.4.22 I	Cash flow 6	At' 31.3.23 I
	Net cash
	Cash at bank and in	hand		101,016	16,438	117,454
				101,016	16,438	117,454
	Total			101,016	16,438	117,454

estimated	useful life.
Freehold	property	Straight	line over 10years	and 50 years
Fixtures	and fittings	15%to	33%on reducing	balance and 10%on cost

THE HEBDEN BRIDGE NURS GROUP LIMITED	THE HEBDEN BRIDGE NURS GROUP LIMITED	THE HEBDEN BRIDGE NURS GROUP LIMITED	ERY ACTION
NOTES TO THE FINANCIAL			STATEMENTS - continued
FOR	THE YEAR ENDED 31STMARCH 2023
3.	INCOME FROM CHARITABLE ACTIVITIES
					2023	2022
					Total	Total
					activities	activities
					E	f
	Nursery fees				561,031	532,215
	Bank interest receivable				192	19
					561,223	532,234
4.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 5) f.	note 6) f	Totals E
	Total activities			369,232	178,769	548,001
5.	DIRECT COSTS OF	CHARITABLE ACTIVITIES
					2023	2022
					E	E
	Staff costs				313,297	294,112
	Operational costs provision of daycare	nursery			3,644 38,177	4,275 47,104
	Depreciation Loss on sale ofassets				12,708 1,406	11,886
					369,232	357,377
6.	SUPPORT COSTS
					Governance
			Management	Other f	costs	Totals E
	Total activities		163,778	7,849	7,142	178,769
	Support costs, included		in the above, are as follows:
					2023	2022
					Total	Total
					activities	activities
					E	E
	Wages				61,990	49,441
	Social security				24,031	21,097
	Rates and water Insurance				14,203 19,699	5,768 20,218
	Light and heat				17,648	9,580
	Repairs and maintenance				22,167	51,293
	Office expenses				4,040	4,748
	Sundries				7,849	5,777
	Bookkeeping Accountancy fees				3,962 3,180	3,486 3,265
					178,769	174,673

Net income/(	expenditure) is stated after charging/(credit	ing):
		2023 f	2022 E
Depreciation	- owned assets	12,708	11,886
Deficit on disposal offixed assets		1,406

STAFF COSTS
									2023 f	2022 f
Wages and salaries									375,287	343,553
Social secudity costs									24,031	21,097
									399,318	364,650
The average monthly	number		of	employees		during	the year	was as follows:
									2023	2022
Nursery and administrative		staff							23	21
No employees received emoluments					in excess ofE60,000.
COMPARATIVES FOR THE			STATEMENT			OF FINANCIAL		ACTIVITIES
								Unrestricted	Restricted	Total
								fund	funds	funds
								E	E
INCOME AND ENDOWMENTS				FROM
Charitable activities
Tota I activities								407,124	125,110	532,234
Investment income								2,129		2,129
Total								409,253	125,110	534,363
EXPENDITURE ON
Charitable activities
Tots I activities								398,163	133,887	532,050
Net gains on investments								3,340		3,340
NET INCOME/(EXPENDITURE)								14,430	(8,777)	5,653
RECONCILIATION	OF FUNDS
Total funds brought	forward							222,350	231,684	454,034

FOR	THE YEAR ENDED 31STMARCH 2023	THE YEAR ENDED 31STMARCH 2023	THE YEAR ENDED 31STMARCH 2023
10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total
		fund	funds	funds
		f	f	f
	TOTAL FUNDS CARRIED FORWARD	236,780	222,907	459,687
11.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and
		property f	fittings	Totals f
	COST
	At 1st April 2022	534,899	61,160	596,059
	Additions		10,694	10,694
	Disposals		(6,620)	(6,620)
	At 31st March 2023	534,899	65,234	600,133
	DEPRECIATION
	At 1st April 2022	280,012	50,473	330,485
	Charge for year	9,858	2,850	12,708
	Eliminated on disposal		(5,215)	(5,215)
	At 31st March 2023	289,870	48,108	337,978
	NET BOOK VALUE
	At 31st March 2023	245,029	17,126	262,155
	At 31st March 2022	254,887	10,687	265,574
12.	FIXED ASSET INVESTMENTS
				Listed
				investments
				f
	MARKET VALUE
	At 1st April 2022			91,128
	Revaluations			(7,002)
	At 31st March 2023			84,126
	NET BOOK VALVE
	At 31st March 2023			84,126
	At 31st March 2022			91,128

FOR	THE YEAR ENDED 31S	THE YEAR ENDED 31S	THE YEAR ENDED 31S	THE YEAR ENDED 31S	TMARCH 2023
13.	DEBTORS:AMOUNTS				FALLING DUE WITHIN	ONE YEAR
									2023	2022
									6	6
	Trade debtors									3,621
	Other debtors								837	34
	Prepayments								14,375	13,271
									15,212	16,926
14.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONE YEAR
									2023	2022
									6
	Trade creditors								2,695	3,794
	Social security			and other taxes						4,163
	Accrued expenses								7,910	7,000
									10,605	14,957
15.	ANALYSIS OF			NET ASSETS BETWEEN FUNDS
									2023	2022
					Unrestricted		Restricted		Total	Total
						fund 6		funds I	funds I	funds I
	Fixed assets				44,234		217,921		262,155	265,574
	Investments				84,126				84,126	91,128
	Current assets				132,666				132,666	117,942
	Current liabilities				(10,606)				(10,605)	(14,957)
					250,420		217,922		468,342	459,687
16.	MOVEMENT	IN FUNDS
									Net
									movement	At
							At	1.4.22 6	in funds I	31.3.23 I
	Unrestricted		funds
	General fund						236,780		13,640	250,420
	Restricted funds
	Removing Barriers Grant The Crossley Mill Fund Inclusion Funding						393 222,514		(59) (8,708) 3,782	334 213,806 3,782
							222,907		(4985)	217922
	TOTAL FUNDS						459,687		8,655	468,342

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds f
Unrestricted funds
General fund		440,869	(420,227)	(7,002)	13,640
Restricted funds
Removing Barriers Grant			(59)		(59)
Early Education	Funding	109,203	(109,203)
The Crossley Mill	Fund		(8,708)		(8,708)
Inclusion Funding		13,586	(9,804)		3,782
		122,789	(127,774)		(4,985)
TOTAL FUNDS		563,658	(548,001)	(7,002)	8,655

Comparatives for movem	ent in fu	nds
					Net
					movement	At
				At 1.4.21 f	in funds f	31.3.22 f
Unrestricted funds
Genera I fund				222,350	14,430	236,780
Restricted funds
Removing Barriers Grant The Crossley Mill Fund				462 231,222	(69) (8,708)	393 222,514
				231,684	(8,777)	222,907
TOTAL FUNDS				454,034	5,653	459,687
Comparative net movement	in funds,	included	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources f	expended f	losses f	in funds f
Unrestricted funds
General fund			409,253	(398,163)	3,340	14,430
Restricted funds
Removing Barriers Grant Early Education Funding			119,116	(69) (119,116)		(69)
The Crossley Mill Fund Inclusion Funding			5,994	(8,708) (5,994)		(8,708)
			125,110	(133,887)		(8,777)
TOTAL FUNDS			534,363	(532,050)	3,340	5,653

A curren	t yea	r 12months and prior year 1	2 months combined position is	as follows:
				Net
				movement	At
			At 1.4.21	in funds	31.3.23
			6	6	6
Unrestricted		funds
General	fund		222 350	28g070	250 420
Restricted funds
Removing Barriers Grant			462	(128)	334
The Crossley		Mill Fund	231,222	(17,416)	213,806
Inclusion	Funding			3,782	3,782
			231,684	(13,762)	217,922
TOTAL	FUNDS		454,034	14,308	468,342

A current year 12 months and pr the above are as follows:	ior year 12 months co	mbined net mov	ement in fund	s, included
	Incoming	Resources	Gains and	Movement
	resources I	expended 6	losses 6	in funds 6
Unrestricted funds
General fund	850,122	(818,390)	(3,662)	28,070
Restricted funds
Removing Barriers Grant Early Education Funding The Crossley Mill Fund	228,319	(128) (228,319) (17,416)		(128) (17,416)
Inclusion Funding	19,580	(15,798)		3,782
	247,899	(261,661)		(13,762)
TOTAL FUNDS	1,098,021	(1,080,051)	(3,662)	14,308

FOR THE YEAR ENDE		D 31STMARCH 2023
			2023 6	2022I
INCOME AND ENDOWIIIIENTS
Investment income
Other fixed asset invest		- FII	2,435	2,129
Charitable activities
Nursery fees			561,031	532,215
Bank interest receivable			192	19
			561,223	532,234
Total incoming resources			563,658	534,363
EXPENDITURE
Charitable activities
Wages			313,297	294,112
Operational costs			3,644	4,275
Provision of daycare nursery			38,177	47,104
Depreciation oftangible		fixed assets	12,708	11,886
Loss on sale oftangible		fixed assets	1,406
			369,232	357,377
Support costs
Management
Wages			61,990	49,441
Social security			24,031	21,097
Rates and water			14,203	5,768
Insurance			19,699	20,218
Light and heat			17,648	9,580
Repairs and maintenance			22,167	51,293
Office expenses			4,040	4,748
			163,778	162,145
Other
Sundries			7,849	5,777
Governance costs
Bookkeeping Accountancy fees			3,962 3,180	3,486 3,265
			7,142	6,751
Total resources expended			548,001	532,050
Net income before gains and losses			15,657	2,313
Realised recognised	gains and losses
Realised gains/(losses)		on fixed asset
investments			(7,002)	3,340
Net income			8,655	5,653