## ## ## ## ||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| ## ## ## |{0|Employees||(Continued)| |---|---|---|---| ||Employmentcosts|2020|2019| |||E|G| ||Wages and salaries|710,799|850,591| ||Socialsecurity costs|36,953|48,371| ||Other pension costs|28,045|29,631| |||775,797|928,593| ## ||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| ## ## |16|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%| ##