REGISTERED CHARITY NUMBER: 1026262
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
for Little Firs Day Nursery
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
Little Firs Day Nursery
Contents of the Financial Statements for the Year Ended 31 August 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Cash Flow Statement | 6 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
Little Firs Day Nursery
Report of the Trustees for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1026262
Principal address
Little Firs Day Nursery Radipole Lane Weymouth Dorset DT4 0QF
Trustees
Ms P Goodrick Ms J Chegwidden Ms C Quine Ms W Parker Ms L Johnstone Ms S Hutchinson Ms W Jones Ms S Kerseley Ms K Ward
Independent Examiner
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Ms P Goodrick - Trustee
Page 1
Independent Examiner's Report to the Trustees of Little Firs Day Nursery
Independent examiner's report to the trustees of Little Firs Day Nursery
I report to the charity trustees on my examination of the accounts of Little Firs Day Nursery (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alison Hunter
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
Date: .............................................
Page 2
Little Firs Day Nursery
| Statement of Financial Activities for the Year Ended 31 August 2022 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 5 NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.22 Unrestricted fund £ 585,729 315 - 586,044 530,787 55,257 288,100 343,357 |
31.8.21 Total funds £ 477,027 290 45 477,362 515,378 (38,016) 326,116 288,100 |
|---|---|---|
The notes form part of these financial statements
Page 3
Little Firs Day Nursery
Balance Sheet
31 August 2022
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.8.22 Unrestricted fund £ 348,921 (5,564) 343,357 343,357 343,357 343,357 343,357 |
31.8.21 Total funds £ 291,874 (3,774) 288,100 288,100 288,100 288,100 288,100 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Goodrick - Trustee
The notes form part of these financial statements
Page 4
Little Firs Day Nursery
| Cash Flow Statement for the Year Ended 31 August 2022 Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
31.8.22 £ 55,280 55,280 - - 55,280 291,156 346,570 |
31.8.21 £ (36,858) (36,858) 45 45 (36,813) 324,974 291,156 |
|---|---|---|
The notes form part of these financial statements
Page 5
Little Firs Day Nursery
Notes to the Cash Flow Statement
for the Year Ended 31 August 2022
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||||
|---|---|---|---|---|
| 31.8.22 | 31.8.21 |
|||
| £ | £ | |||
| Net income/(expenditure) for the reporting period | (as per | |||
| the Statement of Financial Activities) | 55,257 | (38,016) | ||
| Adjustments for: | ||||
| Interest received | - | (45) | ||
| Increase in creditors | 23 | 1,203 | ||
| Net cash provided by/(used in) operations | 55,280 | (36,858) | ||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
| 31.8.22 | 31.8.21 |
|||
| £ | £ | |||
| Cash in hand | 50 | 50 | ||
| Notice deposits (less than 3 months) | 348,871 | 291,824 | ||
| Overdrafts included in bank loans and overdrafts falling due | ||||
| within one year | (2,351) | (718) | ||
| Total cash and cash equivalents | 346,570 | 291,156 | ||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.9.21 | Cash flow | At 31.8.22 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 291,874 | 57,047 | 348,921 | |
| Bank overdraft | (718) | (1,633) | (2,351) | |
| 291,156 | 55,414 | 346,570 | ||
| Total | 291,156 | 55,414 | 346,570 |
The notes form part of these financial statements
Page 6
Little Firs Day Nursery
Notes to the Financial Statements for the Year Ended 31 August 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 7
continued...
Little Firs Day Nursery
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| 2. DONATIONS AND LEGACIES Grants Admissions Grants received, included in the above, are as follows: Other grants 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest 5. RAISING FUNDS Raising donations and legacies Support costs |
31.8.22 £ 235,906 349,823 585,729 31.8.22 £ 235,906 31.8.22 £ 315 31.8.22 £ - 31.8.22 £ 530,787 |
31.8.21 £ 1,430 475,597 477,027 31.8.21 £ 1,430 31.8.21 £ 290 31.8.21 £ 45 31.8.21 £ 515,378 |
|---|---|---|
Page 8
continued...
Little Firs Day Nursery
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. SUPPORT COSTS
| Management £ Raising donations and legacies 529,418 |
Governance Finance costs £ £ 594 775 |
Totals £ 530,787 |
|---|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
8. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.8.22 | 31.8.21 |
|
| £ | £ | |
| Wages and salaries | 463,619 | 455,903 |
| 463,619 | 455,903 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.8.22 | 31.8.21 |
|
| Admin | - | 28 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 477,027 | |
| Other trading activities | 290 | |
| Investment income | 45 | |
| Total | 477,362 | |
| EXPENDITURE ON | ||
| Raising funds | 515,378 | |
| NET INCOME/(EXPENDITURE) | (38,016) |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 10
continued...
Little Firs Day Nursery
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 326,116 | |||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 288,100 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||
| 31.8.22 | 31.8.21 |
|||
| £ | £ | |||
| Bank loans and overdrafts (see note 11) | 2,351 | 718 | ||
| Trade creditors | (1) | - | ||
| Taxation and social security | 85 | 61 | ||
| Other creditors | 3,129 | 2,995 | ||
| 5,564 | 3,774 | |||
| 11. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.8.22 | 31.8.21 |
|||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank overdrafts | 2,351 | 718 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At |
|||
| At 1.9.21 | in funds | 31.8.22 |
||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 288,100 | 55,257 | 343,357 | |
| TOTAL FUNDS | 288,100 | 55,257 | 343,357 |
Page 11
continued...
Little Firs Day Nursery
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 586,044 586,044 |
Resources expended £ (530,787) (530,787) |
Movement in funds £ 55,257 55,257 |
|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.20 £ 326,116 326,116 |
Net movement in funds £ (38,016) (38,016) |
At 31.8.21 £ 288,100 288,100 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 477,362 477,362 |
Resources expended £ (515,378) (515,378) |
Movement in funds £ (38,016) (38,016) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.20 £ 326,116 326,116 |
Net movement in funds £ 17,241 17,241 |
At 31.8.22 £ 343,357 343,357 |
|---|---|---|---|
Page 12
continued...
Little Firs Day Nursery
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 1,063,406 (1,046,165) TOTAL FUNDS 1,063,406 (1,046,165) |
Movement in funds £ 17,241 17,241 |
|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 13
| Little Firs Day Nursery Detailed Statement of Financial Activities for the Year Ended 31 August 2022 INCOME AND ENDOWMENTS Donations and legacies Grants Admissions Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Support costs Management Wages Hire of plant and machinery Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Cleaning Repairs Consumables Expensed equipment Subscriptions Other Staff costs Finance Bank charges Governance costs Accountancy and legal fees |
31.8.22 £ 235,906 349,823 585,729 315 - 586,044 463,619 - 7,319 1,981 (1,922) 1,577 4 - 1,772 9,288 21,460 13,572 215 6,397 2,528 1,608 529,418 594 775 |
31.8.21 £ 1,430 475,597 477,027 290 45 477,362 455,903 3,230 918 1,846 4,678 1,825 2 521 1,907 11,621 4,295 13,635 7,194 835 3,968 1,864 514,242 401 735 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
Little Firs Day Nursery
| Detailed Statement of Financial Activities for the Year Ended 31 August 2022 Total resources expended Net income/(expenditure) |
31.8.22 £ 530,787 55,257 |
31.8.21 £ 515,378 (38,016) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15