2020-12-31-accounts - The Greenfields Centre Limited

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	Page
Management Committees report	1-7
Statement of Management Committees' responsibilities
lndependentaudito/srcport	9-12
Statementoffinancial activities	13-14
Balance sheet	15
Statementof cashflows	16
Notes to thefinancial statements	17-28

Current financia! year
	Unrestricted		Restricted	Total		Total
	Notes	funds 2020 I	funds 2020 E	2020 8f		2019
lncomeandendowments from:
Charitable activities lnvestments	3 4	7s0,162 723		750,162 723		998,689 1,999
Otherincome	5	230,815		230,815
Totalincome		981,700		981,700	1,000,688
Exoenditure on:
Raisingfunds		19,693		19,69319,404
Charitable activities		879,425	3,697	883,122	1,090,532
Toial resources expended		899,118	3,697	902,815	1	,109,936
Netincome/(expendlture) for the year/ Netmovement infunds		82,s82	(3,6e7)78,885		(10e,248)
Fund balancesat1January 2020		596,471	2U,478	860,949		970,197
Fund balancesat 31December2020		679,053	260,781	939,834		860,949
		:

Prior financial year
		UnrestrictedRestricted			Total
		funds		funds
		2019		2019	2019
		ff			t
lncomeandendowments from:
Charitable activities	3	998,689			998,689
lnvestments	4	1,999			1,999
Total Income		1,000,688		-	1,000,688
Exoenditure on:
Raisingfunds		19,404		-	19,4U
Charitable activities		1,086,558		3,974	1,090,532
Totalresources expended		1,105,962		3,974	1,109,936
Netincome(expenditure)for the year/ Netmovement infunds		(105,274)		(3,974)	(109,248)
Fundbalancesat1January 2019		701,745	268,452970,197
Fund balancesat3lDecember 2019		596,471	264,478860,949

	Notes	2020 ff,		2019 f,t
Flxedassets
Tangibleassets	11		413,996		437,104
Current assets
Debtors	12	2,376		7,172
Cashatbankandinhand		581,532		499,264
		583,908		506,436
Creditors: amountsfalllngduewlthin
oneyear	13	(58,070)		(82,5e1)
Netcunent assets			525,838		423,845
Totalassetslesecurrent Iiabilities			939,834		860,949
					:
lncomefunds
Restrictedfunds	15		260,781		zil,478
Unrestrictedfunds			679,053		596,471
			939,834		860,949
			:

		2020	2019
	NotesgEEl
Gashflows from operatlngactivitles Cashgenerated from/(absorbedby) operations	19	84,il1		(53,496)
lnvestingactivities
Purchase oftangible fixed assets		(2,ee6)	(33,105)
!nterestreceived		723	1,999
Netcash used in investingactivities		(2,273)		(31,106)
Netcash usedinfinancingactlvities
Netincrease/(decrease)incash and cash
equivalents		82,268		(84,602)
Cashand cash equivalentsatbeginningofyear		499,2U		583,866
Gashand cash equivalentsatend of year		581,532		499,264
				:

Gharitableactivitles
	2020	2019
	t8
Fees receivable Offsite community childcareincome Training and other income	267,486 477,262 5,414	377,397 617,865 3,427
	754j62
lnvestments
	2020 f,t	2019
lnterest receivable	_:'	_lfI
Other income
	2020 Ef	2019
Govemment grant income	230,815
	::
Raisingfunds
	2020	2019
	ff
Wagesandsalaries	19,693	19,404

Charitable ac'tivities
	lJnrestrictedRestricted funds funds		TotalUnrestrictedRestricted funds funds			Total
	2020 f,f,	2020	2020 fEf,	2019	2019	20{9 €
Wages and salaries	555,193		555,193	694,664		694,664
Depreciationand impairment	22,407	3,697	26,104	25,199	3,974	29,173
Stafftrainingand
recruitment	1,257		1,257	4,162		4,162
Staff healthcare costs	1,014		1,014
Rentandrates	1,O71		1,071	4,528		4,528
lnsurance	5,81'l		5,811	5,773		5,773
Nursery costs	19,677		19,677	44,144		4,144
Light and heat	6,U2		6,il2	7,887		7,887
Meadows contract
cleaning	5,872		5,872	12,026		12,026
Repairc and maintenance	7,182		7,182	20,014		20,014
Printing, postageand stationery	5,826		5,826	9,234		9,2U
Advertising				422		422
Telephone	5,527		5,527	4,589		4,589
Computer costs	6,105		6,105	6,502		6,502
Stafftravel costs	74		74	388		388
Legaland professional	9,050		9,050	5,727		5,727
Bankcharges and interest	2,889		2,889	2,630		2,630
Badand doubtfuldebts	(46)		(46)	46		46
General expenses	14,721		14,721	17,192		17,192
Subscriptions	1,942		1,942	906		906
	672,214	3,697	675,911	866,033	3,974	870,007
Shareofsupport costs (seenote 8)	197,870		197,870	207,94'.1	-	207,941
Shareofgovernance costs(seenote8)	9,y1		9,341	12,584	-	12,584
	879,425	3,697	883,1221,086,558		3,974	1,090,532
Analysisbyfund
Unrestricted funds Restrictedfunds	879,425	3,697	879,4251,086,558 3,697		- 3.974	1,086,558 3,974
	879,425	3,697	883,1221,086,558		3,974	1,090,532

Supportcosts
	SupportGovemance costs costs		2020	Support costs	Governance costs		2019
	CE		f,	f,		C	€
Stafi costs	197,870	3,041	200,911	207.941		6,584	214,525
Audit & accountancy
fees		6,300	6,300			6,000	6,000
	197,870	9,341	207,211	207,941		12,5U	220,525
							:
Analysed between Charitable activities	197,870 :	9,341	207,211	207,941		12,5U	220,525

	2020	2019
	Number	Number
Fulltime	22	31
Parttime	28	28
Total	50	59
Bytunction:
Directcharitable	39	47
Management and administration	11	12
	50	59

	The remuneration of key managementpersonnel	is asfollows:
			2020t	2019 E
	Aggregate compensation		117,924	129,088
11	Tangiblefixedassets
		FreeholdlandFIxturcsand andbulldings frttlngs f€		Total t
	Cost
	At1January 2020 Additions	769,164	282,40? 2,996	1,051,567 2,996
	At31December2020	769,164	285,399	1,054,563
	Depreciation and impalrment At1January2020 Depreciation chargedin theyear	366,276 11,894	248,187 14,210	614,463 26,104
	At3'lDecember 2020	378,170	262,397	640,567
	Carrying amount
	At31December2020	390,994	23,002	413,996
	At3'lDecember 2019	402,888	34,216	437,104
		:

12	Debtors
			2020	2019
	Amountsfallingduewithinoneyear:		e	f,
	Tradedebtors			5,029
	Prepayments and accrued income		237;	2,143
			2,376 :	,J"
l3	Creditors: amountsfallingduewithinoneyear
			2020t	2019 !
	Othertaxation and social security			17,548
	Trade creditors		6,11;	1,930
	Othercreditors		3,30'l	6,529
	Accrualsanddeferred income		48,650	56,5&4
			58,070	82,591
	Deferredlncome
		2019I	Movement f,	2020 f
	lncome receivedin respectof activities tobeundertakenin
	the following year	49,734	9g)	1,r*
14	Sharecapital

	Balanceat	ResourcesBalanceat	ResourcesBalanceat	RosourcesBalanceat	RosourcesBalanceat
	1January2019	expendedlJanuary2020		expended3'l	Docember
					2020
	fft			EC
CapitalgrantLand and buildings City of Nottingham: SRB Buildings	187,001 15,496	(2,il') (215)	184,456 15,281	(2,545)181,e11 (215) 15,066
Nottingham City Council: Capital Grant Early Years:Property lmprovement	277 3,326	(277) (76)	3.250	(76)	3,174
CityofNottingham-SRBBuildings: Repairc and Equipment	4,927	(80)	4,U7	(80)	4,767
Nottingham City Council:Building Extension Grant	29,985	(400)	29,585	(400)	2e,185
NewOpportunitiesFund-BabyUnit: Buildingsand Equipment	27,M0	(381)	27,059	(381)	26,678
	268,452	(3,s74) :	264,478	(3,697)	260,781

Analysis ofnetassets	betweenfunds UnrestrictedRestricted funds funds	betweenfunds UnrestrictedRestricted funds funds	TotalUnrestricted funds	TotalUnrestricted funds	Restricted funds	Total
	2020 f,€	2020	2020 ff	2019	2019 f,f	2019
Fund balancesat31
December2020are
representedby: Tangibleassets	153,215	260,781	413,996	172,626	264,478	437,104
Cunent assets/
(liabilities)	525,838		525,838	423,U5	-	423,845
	679,053	260,781	939,834	596,47'.1	264,478	860,949

At 31st December2020the Charity has annual co leasesasdetailedbelow:	mmittments under non-cancellable opearting
	NonpropefiNon leases	propedy leases
	2020	2019
	f,t
Withinoneyear	2,435	1,707
Within twotofive yearc	3,653
	6,088	1,707
	:

19	Gashgenerated from operations			2020	2019
				€	f,
	Surplus/(deficit) fortheyear			78,885	(109,248)
	Adjustmentsfor:
	lnvestment income recognisedinstatementoffinancial activities			(723)	(1,ees)
	Depreciation andimpairment oftangible fixed ass€ts			26,104	29,173
	Movementsinworkingcapital:
	Decrease/(increase)indebtors			4,796	(2,273)
	(Decrease)/increaseincreditors		(24,521)		30,851
	Gashgeneratedfrom(absorbedby)operations		:	u,il1	(53,496)
20	Analysls of changes innetfunds
		At1January	Gashflows		At31December
		2020			2020
		f,		f,	f
	Cashatbank andin hand	499,264		82,268	581,532
			:		:

sa	nd assumptionsofthe mostrecentvaluationof thesche	meare asfollows:
.	ValuationDate	31March2019
.	ValuationMethod	Presentvalueoffuturecashflows
.	ValueofAssets	E5,415 million
. . . .	Value ofLiabilities Funding level(assets/liabilities) Funding level (change since previousvaluation) lnvestment returns sincelastvaluation(average)	€5,820million 93% +60/o 1O.3%
.	Salary scale increaseperannum	3.6%
. . .	Pension increasesperannum Rateof price inflation(CPl) Discountrate	2.6% 2.60/o 4.8%