Steps Community Nursery
ANNUAL REPORT April 2021 - March 2022
MANAGEMENT COMMITTEE
Jean Leader Chair Abdul Durojaiye Treasurer Tracey Nwabia Management member
NURSERY STAFF
Jean Williams Manager Lyndsey Craig Manager Helen Okai Deputy Manager Jennifer Henry Nursery Practitioner Mabel Oseyemi Nursery Practitioner Towana Hall Nursery Practitioner Allison Pin Nursery Practitioner- Room Leader Karen Marshall Admin/finance Officer Frances Whelan Cook Hannah Nwabia Cleaner
- AGM REPORT 2021 2022
Chairs Report
Another Year has come and gone, but the Nursery is still going on.
The Nursery was closed from January 2021 to March 2021 as there was another outbreak of COVID. We reopened the nursery in April 21.
There has been a great loss in our revenue and we have a deficit of £45,000
The nursery now has 17 children on roll, 15 of which are full-time and 2 part time. We have 10 members of staff- 7 members of staff working with the children, 1 admin, 1cook and a cleaner.
We are still struggling in filling our 32 place nursery as parents are continuing working from home and some are just requiring 2 to 3 days childcare.
We are also finding difficulties in recruiting qualified staff. The Nursery continues to strive for the Best, ensuring the Welfare and Well-being of all our children
Jean Leader Chair
HVESTEPS COMMUNITY NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCII 2022 The Trustee5 present their report for the yearerKled 3tst Marth 2022 OBJEcnvES At40 AcnviTIES The chariV5 principal actiwty contiwes to be the provision of thll¢kare fadllties lor the public benefit. ANANCIAL REVIEW The chartrty continued it's charitsble obieci¥¥w. There was a increase in both grant fvndin8 and fees from parents and expenses stabil. FU14DRAISING POUCY The chaftty is funded byfee5 tharged in exthan8e for the provision of thildcare faolities and grants isstsed bythe London Borough of Le$ham. STRUCTURE GOVERNANCE AND MANAGEMEKr The Members ofthe Tru5tee5 who seNed durin8 theyear were: Jean leader- Chairman Abdul Durojarya- Treasurer Tracey Nwabia The Boafd ofTrnstees keethe skill requtrementsforthe Trusteè Board under review. Training èxpenses are promded for new trustees together th an indurthin patk tornpri5in8 a cgpy of the goveming bust deed. a copv of the lastyear's annual report and attOufi copies of Board minutes a topyofthe Charlty Commission's guldance Tr Essentkl TÉe, As a piovtrdèrof childtare. the Nursery is reglstered with Olsted and mvst meet ihe tondStions that 0ed ptaos on a regtstraiion ai all times that we yovkle registered care. as well as other requirements for ie8iStration. TheTrustees report was approved by the Board ofTrustees. Sl8ned on behalf of the trustees: ..Date.' ..l........lJ Jean Leader - Chalmwn of the Trustees
Flve Stsp C(Mnmunity Nurnery Batsnce $hoet at 31st March 2022 2022 20 FIXED ASSETS Tangitrje assets 11 4,978 5,856 CURRENT ASSETS Prepayments Cash at bank in haThJ 12 492.5YJ 491530 538.414 538,414 CREDITORS Acuuals 3,420 3N20 NET CURRENT ASSETS 491,030 MET ASSETS 496,008 540,850 FUND BALANCES Restricled fvnts Vnrestrthl funds 4,(1)8 496,008 0,850 540,850 Apwoved bythe bjard and trir tehaf Jean Ler- chairnn
COME TO 5 STEPS
Come to 5 Steps come to 5 Steps And you’ll have a lovely time We do painting
We do drawing
And we have a story time All the children come together And play in harmony
Caring sharing, bringing, Giving, showing kindness everywhere Gentle hands and
Soft voices
Are what we practice every day So if you want to come to 5 Steps Then you must be very kind
British Values are a set of five values introduced to keep children safe and promote their welfare. 1. Democracy
Making decisions together and listening to children’s and parent’s voices. At 5 Steps parent questionnaires are completed twice a year. Children are given opportunities to make decisions about choice of activities and resources they play with. This gives opportunities to develop enquiring minds in an atmosphere where questions are valued. 2. Rule of law
Understanding that rules matter, as cited in Personal Social and Emotional Development. We consistently reinforce our high expectations of children. Children are taught the value and reasons behind our expectations (rules), that they are there to protect us, that everyone has a responsibility and the consequences when rules are broken. 3. Individual liberty
Freedom for all, for example reflecting on their differences and understanding that we are free to have different opinions. Children are actively encouraged to make choices, knowing that they are in a safe and supportive environment. We provide boundaries for young children to make choices safely, through our provision of a safe enabling environment and effective teaching. 4. Mutual respect
Treat others as you want to be treated. Children gain respect through interaction with caring adults who show and value their individual personalities. Positive, caring and polite behaviour will be encouraged and praised at all times in an environment where children learn to respect themselves, other people and their surroundings. 5. Tolerance of those of Diferent Faiths and Beliefs
We aim to enhance children’s understanding of different faiths and beliefs by participating in a range of celebrations throughout the year. Children have the opportunity to dress-up in clothes and try foods from other cultures and we encourage parents and carers to participate and support.
Children Learn what they live
If children live with criticism, they learn to condemn. If children live with hostility, they learn to fight If children live with ridicule, they learn to be shy. If children live with shame, they learn to feel guilty. If children live with tolerance, they learn to be patient. If children live with encouragement, they learn confidence. If children live with praise, they learn to appreciate. If children live with fairness, they learn justice. If children live with security, they learn to have faith. If children live with approval, they learn to like themselves. If children live with acceptance and friendship, they learn to find love in the world.
ACKNOWLEDGEMENTS
Early Years Service ( Education Dept. London Borough Lewisham ) Voluntary & Statutory Nurseries
Early Years Training Provision Pre-School Learning Alliance
NDNA
Charles Rippin & Turner - Accountants
The Management committee
The staff
The Parents
The Children
Steps Nursery
FIVESTEPS COMMUNITY NURSERY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FIVE STEPS COMMUNITY NURSERY ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31st MARCH 2022 Status The organisation is a charity. Registered Charity Number 800206 Principal Address 15 Lambourne Grove Rotherhithe London SE16 2RR Trustees Jean Leader- Chairman Abdul Durojaiye- Treasurer Tracey Nwabia Accountants Chades Rippin and Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ Bank The Co-operative Bank PLC Delf House Southway Skelmersdale WN8 6WT
FIVESTEPS COMMUNITY NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2022 The Trustees present their report for the year ended 31st March 2022 OBJECTIVES AND ACTIVITIES The charitvs principal activity continues to be the provision of childcare facilities for the public benefit. FINANCIAL REVIEW The charity continued it's charitable objectives. There was a increase in both grant funding and fees from parents and expenses stabilised. FUNDRAISING POLICY The charity is funded by fees charged in exchange for the provision of childcare facilities and grants issued by the London Borough of Lewisham. STRUCTURE GOVERNANCE AND MANAGEMENT The members of the Trustees who Served during the year were- Jean Leader- Chairman Abdul Durojaiya Treasurer Tracey Nwabia The Board of Trustees keeps the skill requirements for the Trustee Board under review. Training expenses are provided for new trustees together with an induction pack comprising a copy of the goveming bust deed, a copy of the last year's annual report and accounts, copies of Board minutes and a copy of the Charity Comrnis5ion's guidance"The Essential Trustee As a provider of childcare, the Nursery is registered with Ofsted and must meet the conditions that Ofsted places on a reeistration at 311 times that we provide registered care. as well as other requirements for registration. The Trustees report was approved by the Board of Trustees. Signed on behalf of the trustees: .Date'. Jean Leader - Chaimian of the Trustees
Five Step Community Nursery Balance sheet at 31st March 2022 Note 2022 2021 FIXED ASSETS Tangible assets 11 4,978 5,856 CURRENT ASSETS Prepayments Cash at bank and in hand 12 492,530 492.530 538,414 538,414 CREDITORS Accruals 1,500 1,500 3,420 3,420 NET CURRENT ASSETS 491,030 534,994 NET ASSETS 496,008 $40,850 FUND BALANCES Restricted funds Unrestricted funds 496,008 496.008 540,850 540.850 Approved by the board and signed on their behalf Jean Leader- Chairman Date
Five Step Community Nursery Statement of flnanclal aetlvltles for the year ended 31st March 2022 Restricted Funds Unrestricted Funds Total Funds 2022 Total Funds 2021 INCOMING RESOURCES Fee income 112,893 112,893 39,990 Grant income 67,720 67,720 46,144 Furlough 8,975 8,975 96,379 Other income 643 643 1,579 Fund Raising 1,008 1,008 Total incoming resources 191,240 191,240 184,092 RESOURCES EXPENDED Occupancy costs Staff coslsl Pension Childcare costs Administration expensesl Telephone Depreciation 15,458 200,463 7,625 11,657 878 15,458 200,463 7,625 11,657 878 15,892 216,523 5,035 7,151 1,071 Total resources expended 236,081 236,081 245.673 Net movement in funds 44,842 44,842 61,581 Total funds brought forward 540,850 540,850 602,431 Total funds Carried forward 496,008 496,008 540,850
Five Step Community Nursery Notes to the accounts forthe year ended 31st March 2022 ACCOUNTING POLICIES Convention These accounts have been prepared in accordance with the historical ¢0st convention and in accordance with the Statement of Recommended Practice"Accounling and Reporting by Charities" issued March 2005 ISORP 20051 and the Charities Act 2011. The principal policies which the partners have adopted within these conventions are sel out below. Revenue Income comprises of both fees paid by the parents of children who attend the nursery and grants made by the local authority. Investment Policy The trust holds no long-lerm investments. Cash resetves are held in deposit accounts and any interest generated is expended through the charitable activities of the nursery. Restricted and Unrestricted Funds The trust holds no restricted funds. Depreciation Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates.. Fixtures and fittings Plant and machinery 15'/o per annum redLJcing balance 15010 per annum reducing balance 2. GRANTS 2022 2.021 London Borough of Lewisham Nursery education grant COVID grant Fund raising 34,720 33,000 1,008 68,728 46,144 46,144 3. CHILDCARE FEES 2022 2,021 Fees received from parents 112,893 39,990 4. OTHER INCOME 2022 2,021 Sundry income Furlough Bank interest receivable 585 8,975 58 9,619 254 96,379 1,325 97,958
- OCCUPANCY COSTS 2022 2,021 15 Lambourne Grove Rent Rates Water Light and Heat Repairs and maintenance Cleaning 6,417 406 112 5,282 3,242 9,333 480 3,448 2,630 15,458 15.892 STAFF COSTS 2022 2,021 Salaries Tax&NI Agency Training 165,426 34,227 12 797 200.463 183,308 33,215 216.523
- CHILDCARE COSTS 2022 2,021 Toy replacements and materials Equipment renewals Outings and transport Legal and professional fees Group activities 3,486 1,561 714 1,865 1,961 1,300 294 1,480 7,625 5,035 ADMINISTRATION COSTS 2022 2.021 Telephone Provisions and fund raising Insurance Admin Sundries Accoutancy Post and stationery 1,671 5,204 2,328 705 248 1,500 1,858 2,561 500 97 636 1,500 11,657 7,151
9 ANALYSIS OF CHARITABLE FUNDS Analysis of Fund Movements Balance blfvid Incoming Resourees ReSoue$ Expended Fund clfwd Unrestricted funds Unrestricted general funds 540,850 191,240 236,081 496,008 Restricted funds Totsl 540.850 191.240 236.081 496.008 10 DEPRECIATION 2022 2,021 Fixtures and fittings Plant and Machinery 878 1,034 37 1,071 878 11 TANGIBLE FIXED ASSETS Fixtures and Fittings Plant and Machinery Total Cost At 1 st April 2021 Additions Revaluations Other movements Disposals 35,000 157 35,157 At 31st March 2022 35.000 157 35,157 Depreciation At 1 st April 2021 Charge for the year Revaluations Other movements Elimination on disposals 29,144 878 157 29,301 878 At 31 st March 2022 30,022 157 30,179 Net book value At 31 st March 2022 4.978 4.978 At 31 sl March 2021 5,856 5,856
12 CASH AT BANK AND IN HAND 2022 2,021 Co-operative 65251124 Co-operative 65396144 Cash in hand 129.706 362.745 80 175,401 362,687 326 492,530 538,414
REPORT OF THETRUSTEES FOR THE YEAR ENDED 31st MAROI 2022 TheT¥usrees PTesentthrrepNt for the3¢ 31st Marth 2022 The charirfs prlndpal acti¥4ty conEiwe5to bel of chihare Ia(MIE5f0r the publicbenefiL FIt4ANaAL REVIEW The charity contynued it'scharfraNeobie£W Tlvewas a Iease Irk t#xh rnfvndln8 and fee5 from parents aTrd expen5e5 StalMli5ed. FUNDRAESING POUCY The tharity i5funded tyfee5tharyd in extharYfwthtp0[(hIldCarefllf5 and rants sued ty ihe London 8or(wh of Lewitham. STrUCTURE GOVER14ANCE AIID MA14AGEMENT The mernber50f Ihe Tn4teesthserved durin8theyearw¢Ye: Jean teader.thafjrniaTr Abdul Dvroiarya-Trea5urer Trac thvèbia The Board olTwstee5 keepsthe sill requiremeNsfc<dTrustee Board under¥v41. TraIeSeSare provided lor trustee$tetherwith an Indurt CprisInga cow of the8o¥eming buStth, a copy ofthe last yea¢s annual repNt and accnty cOpOf èoard nMnute5 and a copyof theCharTty Comm155iofb Idan Tr Essentkil Tru#ee". A53 provlderof th1tkare.the N¥r5ery is rtwsrffed 4fflhOtsred meet theconthtthsthatofsted pLices ttn a re8trat)n at al1tirrthatwe wwJeiew5tffed car¢ aswdl asother re4uirementsforrrystration. TheTrustees remwas awro%d the Board 0fTrl Slgned on behalf of thetNstee Jean Leader . Chalrman olthe Trustees
Ffve Step ¢¥Nnmunrty Nurn Balanco shoot at 31st Ilarch 2022 2021 FIXED ASSErs TangitrAe as 11 4,978 CURRENT ASSETS Flepayments Cash at bank and h*KJ 12 492,530 492,530 538,414 $38,414 CREDrroRS ACCDJ 3,420 3,420 NET CURRENT ASSETS 491,01) NET ASSETS 540,850 FUND BALANCES Restrict&J funds Unrestiided fvnds 4,fr)8 496,008 540,850 ,850 Apwoved by toard aTrJ Ir tehar Jean Leader. Chairman