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|Management
Committees'|report|1-6|
|Independent
examiner's|report||
|Statement offinancial
activities||8-9|
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial statements||12-23|
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|Current financial year|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|||
||||2021|2021|2021|2020|
|||Notes|||||
|Income and endowments|from:||||||
|Charitable
activities|||695,651||695,651|750,162|
|Investments|||31||31|723|
|Other income|||105,582|5,856|111,438|230,815|
|Total income|||801,264|5,856|807,120|981,700|
|Ex enditure on:|||||||
|Raising funds|||19,980||19,980|19,693|
|Charitable
activities|||820,240|9,552|829,792|883,122|
|Total resources expended|||840,220|9,552|849,772|902,815|
|Net (expenditure)/income|for the yearl||||||
|Net movement
in funds|||(38,956)|(3,696)|(42,652)|78,885|
|Fund balances at 1 January|2021||679,053|260,781|939,834|860,949|
|Fund balances at 31 December 2021|||640,097|257,085|897,182|939,834|
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|Prior financial year||||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2020|2020|2020|
|||Notes|||E|
|Income and endowments|from:|||||
|Charitable
activities|||750,162||750,162|
|Investments|||723||723|
|Other income|||230,815||230,815|
|Total income|||981,700||981,700|
|Ex enditure on:||||||
|Raising funds|||19,693||19,693|
|Charitable
activities|||879,425|3,697|883,122|
|Total resources expended|||899,118|3,697|902,815|
|Net (expenditure)/income|for the year/|||||
|Net movement
in funds|||82,582|(3,697)|78,885|
|Fund balances at 1 January|2020||596,471|264,478|860,949|
|Fund balances at 31 December 2020|||679,053|260,781|939,834|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||E||
|Fixed assets||||||||
|Tangible assets|||||395,145||413,996|
|Current assets||||||||
|Debtors|||12|1,199||2,376||
|Cash at bank and|in|hand||573,218||581,532||
|||||574,417||583,908||
|Creditors: amounts||falling due within||||||
|one year|||13|(72,380)||(58,070)||
|Net current assets|||||502,037||525,838|
|Total assets less|current liabilities||||897,182||939,834|
|Income funds||||||||
|Restricted
funds|||14||257,085||260,781|
|Unrestricted
funds|||||640,097||679,053|
||||||897,182||939,834|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash (absorbed
by)/generated||from|19|||||
|operations|||||(3,914)||84,541|
|Investing
activities||||||||
|Purchase oftangible
fixed assets
Interest received||||(4,430)
31||(2,996)
723||
|Net cash used in investing|activities||||(4,399)||(2,273)|
|Net cash used in financing||activities||||||
|Net (decrease)/increase
in|cash and||cash|||||
|equivalents|||||(8,314)||82,268|
|Cash and cash equivalents|at|beginning|ofyear||581,532||499,264|
|Cash and cash equivalents||at end of|year||573,218||581,532|
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||||2021
f|2020f|
|---|---|---|---|---|
|Fees receivable
Offsite community
Training and other|childcare
income|income|244,302
450,217
1,132|267,486
477,262
5,414|
||||695,651|750,162|
||||||2021
f|2020f|
|---|---|---|---|---|---|---|
||Interest receivable||||31|723|
|5|Other income||||||
||||Unrestricted|Restricted|Total|Unrestricted|
||||funds|funds||funds|
||||2021f|2021
f|2021
f|2020
f|
||Government|grant income|105,582|5,856|111,438|230,815|
|6|Raising funds||||||
||||||2021|2020f|
||Wages and|salaries|||19,980|19,693|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021f|2021f|2021
f|2020f|2020|2020
f|
|Wages and salaries||||514,037|5,856|519,893|555,193||555,193|
|Depreciation
and||||||||||
|impairment||||19,586|3,696|23,282|22,407|3,697|26,104|
|Staff training
and||||||||||
|recruitment||||5,341||5,341|1,257||1,257|
|Staff healthcare|costs|||592||592|1,014||1,014|
|Rent and rates||||916||916|1,071||1,071|
|Insurance||||5,051||5,051|5,811||5,811|
|Nursery costs||||17,569||17,569|19,677||19,677|
|Light and heat||||8,730||8,730|6,642||6,642|
|Cleaning
supplies||||4,894||4,894|5,872||5,872|
|Repairs and maintenance||||14,995||14,995|7,182||7,182|
|Printing,
postage||and||||||||
|stationery||||5,756||5,756|5,826||5,826|
|Telephone||||5,299||5,299|5,527||5,527|
|Computer costs||||3,010||3,010|6,105||6,105|
|Staff travel costs|||||||74||74|
|Legal and professional||||6,963||6,963|9,050||9,050|
|Bank charges and||interest||2,697||2,697|2,889||2,889|
|Bad and doubtful||debts|||||(46)||(46)|
|General expenses||||9,426||9,426|14,712||14,712|
|Subscriptions||||819||819|1,942||1,942|
|||||625,714|9,552|635,266|672,214|3,697|675,911|
|Share ofsupport|costs|||||||||
|(see note 8)||||187,538||187,538|197,870||197,870|
|Share ofgovernance|||costs|||||||
|(see note 8)||||6,988||6,988|9,341||9,341|
|||||820,240|9,552|829,792|879,425|3,697|883,122|
|Analysis
by fund||||||||||
|Unrestricted
funds||||820,240||820,240|879,425||879,425|
|Restricted
funds|||||9,552|9,552||3,697|3,697|
|||||820,240|9,552|829,792|879,425|3,697|883,122|
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|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
|||||E||E||
|Staffcosts||187,538|3,088|190,626|197,870|3,041|200,911|
|Audit 5accountancy||||||||
|fees|||3,900|3,900||6,300|6,300|
|||187,538|6,988|194,526|197,870|9,341|207,211|
|Analysed|between|||||||
|Charitable|activities|187,538|6,988|194,526|197,870|9,341|207,211|
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||||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|Full time|||19|22|
|Part time|||28|28|
|Total|||47|50|
|By function:|||||
|Direct charitable|||33|39|
|Management|and|administration|8|11|
|Government-funded||employment|6||
||||47|50|
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|9|Employees||||||||(Continued)|
|---|---|---|---|---|---|---|---|---|---|
||Employment|costs||||||2021f|2020f|
||Wages and salaries|||||||667,837|710,799|
||Social security|costs||||||34,265|36,953|
||Other pension|costs||||||28,397|28,045|
|||||||||730,499|775,797|
||There were no|employees|whose annual||remuneration||was f60,000or more.|||
||Remuneration|by key personnel||||||||
||The remuneration
ofkey||management|personnel||is as|follows:|||
|||||||||2021f|2020f|
||Aggregate
compensation|||||||130,599|128,990|
|10|Management|Committee||||||||
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|11|Tangible fixed|assets|assets||||||
|---|---|---|---|---|---|---|---|---|
||||||Freehold|land|Fixtures and|Total|
||||||and buildings||fittings||
|||||||E|||
||Cost||||||||
||At 1 January 2021||||769,164||285,399|1,054,563|
||Additions||||||4,430|4,430|
||At 31 December|2021|||769,164||289,829|1,058,993|
||Depreciation
and impairment||||||||
||At 1 January 2021||||378,170||262,397|640,567|
||Depreciation
charged||in the year||12,955||10,326|23,281|
||At 31 December|2021|||391,125||272,723|663,848|
||Carrying
amount||||||||
||At 31 December|2021|||378,039||17,106|395,145|
||At 31 December|2020|||390,994||23,002|413,996|
|12|Debtors||||||||
||||||||2021|2020|
||Amounts
falling|due|within one year:||||||
||Prepayments
and accrued income||||||1,199|2,376|
|13|Creditors: amounts||falling due within one year||||||
||||||||2021|2020|
||Other taxation and social security||||||8,150||
||Trade creditors||||||7,703|6,119|
||Other creditors||||||6,133|3,301|
||Accruais and deferred||income||||50,394|48,650|
||||||||72,380|58,070|
||Deferred income||||||||
||||||2020||Movement|2021|
|||||||E|f||
||Income received|in respect ofactivities to be undertaken||in the|||||
||following year||||36,350||10,924|47,274|
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||The liability ofeach mem|ber
is limited to|f1.||.|||
|---|---|---|---|---|---|---|---|
|16|Analysis ofnet assets|between funds||||||
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020f|2020|
||Fund balances at 31|||||||
||December 2021 are|||||||
||represented
by:|||||||
||Tangible assets|138,060|257,085|395,145|153,215|260,781|413,996|
||Current|||||||
||assets/(liabilities)|502,037||502,037|525,838||525,838|
|||640,097|257,085|897,182|679,053|260,781|939,834|
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||||Non property|Non property|
|---|---|---|---|---|
||||leases|leases|
||||2021|2020|
||||E|E|
|Within|one|year|2,435|2,435|
|Within|two|to five years|1,218|3,653|
||||3,653|6,088|
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|19|Cash generated
from|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||||E|
||(Deficit)/surplus
for the|year|||||(42,652)|78,885|
||Adjustments
for:||||||||
||Investment
income recognised||in statement||offinancial|activities|(31)|(723)|
||Depreciation
and impairment
oftangible|||fixed assets|||23,282|26,104|
||Movements
in working|capital:|||||||
||Decrease
in debtors||||||1,177|9,695|
||Increase/(decrease)
in|creditors|||||14,310|(76,261)|
||Cash (absorbed
by)/generated||from operations||||(3,914)|37,700|
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|nd|assumpt|ions
ofthe most recent valua|tion
ofthe sc|heme are as follows:|
|---|---|---|---|---|
|~|Valuation|Date||31 March 2019|
|~|Valuation|Method||Present value offuture cashflows|
|~|Value of|Assets||E5,415million|
|~|Value of|Liabilities||F5,820 million|
|~|Funding|level (assets/liabilities)||93%|
|~|Funding|level (change since previous|valuation)|+6%|
|~|Investment
returns since last valuation||(average)|10.3%|
|~|Salary scale increase per annum|||3.6%|
|~|Pension|increases per annum||2.6%|
|~|Rate ofprice inflation (CPI)||2.6%||
|~|Discount|rate||4.8%|
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|21|Analysis|ofchanges|ofchanges|in net funds||||
|---|---|---|---|---|---|---|---|
||||||At 1 January|Cash flows|At 31December|
||||||2021||2021|
||||||E||E|
||Cash at|bank and|in|hand|581,532|(8,314)|573,218|