Independent examiner's report to the trustees of Chiddingfold Village Nursery School
| report to the Trustees on my examination of the accounts of the Chiddingfold Village Nursery School (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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° the accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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° the accounts do not accord with those records. e the accounts did 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.
| 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.
Signed: Jf—_——
Name: CAROL A CHEESMAN
Relevant professional qualification or membership of professional bodies (if any): FCA
Address: CHEESMANS, 4 AZTEC ROW, BERNERS ROAD, LONDON, N1 OPW
Date: 24 June 2021
CHIDDINGFOLD VILLAGE NURSERY SCHOOL UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
CHIDDINGFOLD VILLAGE NURSERY SCHOOL
BUSINESS INFORMATION
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Charity Registration No 1029419
Accountants Cheesmans 4 Aztec Row Berners Road London N1 OPW
Business address
The Village Hall Coxcombe Lane Chiddingfold Godalming Surrey GU8 4QA
Trustees
M Quirk (Resigned on 21 December 2019) A Texier (Resigned on 28 September 2020) A Mason (Resigned on 28 September 2020) B Moir (Appointed on 21 December 2019) H Gorrod (Appointed on 28 September 2020) D Wallbank (Appointed on 28 September 2020)
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CHIDDINGFOLD VILLAGE NURSERY SCHOOL
CONTENTS
| Page | |
|---|---|
| Profit and loss account | 1 |
| Balance sheet | 2 |
| Notestothefinancialstatements | 3 |
CHIDDINGFOLD VILLAGE NURSERY SCHOOL
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2020
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| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Turnover | ||||
| Nursery Education Grantand Fees Fundraising |
113,983 4,042 |
131,924 9,004 |
||
| Surestart Grant | - | 1,020 | ||
| 118,025 | 141,948 | |||
| Other operating income | ||||
| Government grants receivable and released | 15,714 | - | ||
| Administrative expenses | ||||
| Wages and salaries | 72,746 | 84,723 | ||
| Social security costs | 1,440 | 176 | ||
| Casual labour | 77 | - | ||
| Staff training | 727 | 3,037 | ||
| Staffpension costs defined contribution | 1,450 | 1,234 | ||
| Fundraising costs | 4,405 | 5,261 | ||
| Hail hire | 8,360 | 11,684 | ||
| Cleaning | 918 | 614 | ||
| Trips and visits | 49 | 2,882 | ||
| Legal and professional fees | 376 | 182 | ||
| Accountancy | 900 | 2,196 | ||
| Bank charges | 125 | 113 | ||
| Insurances | 256 | 1,011 | ||
| Post, stationary, computerand office costs | 6,696 | 4,562 | ||
| Advertising | 811 | 105 | ||
| Snacks and crafts costs | 1,970 | 2,896 | ||
| Resources, toys and books | 3,772 | 8,798 | ||
| Depreciation | 25 | - | ||
| (105,103) | (129,474) |
Operating profit
28,636 12,474
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CHIDDINGFOLD VILLAGE NURSERY SCHOOL
BALANCE SHEET
AS AT 31 AUGUST 2020
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| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 2 | 375 | = | ||
| Current assets | |||||
| Debtors | 1,295 | 307 | |||
| Cash atbank | 52,048 | 25,982 | |||
| 53,343 | 26,289 | ||||
| Creditors: amounts falling due within one year |
(2,092) | (3,299) | |||
| Net current assets | 51,251 | 22,990 | |||
| Total assets less current liabilities | 51,626 | 22,990 | |||
| Fixed capital account | 22,966 | 22,966 | |||
| Currentaccount | 3 | 28,660 | 24 | ||
| 51,626 | 22,990 |
In accordance with the engagement letter dated 21 May 2020, we approve the financial statements set out on pages 1 to 3. We acknowledge our responsibility for the financial statements, including the appropriateness of the accounting basis as set out in note 1 to the financial statements, and for providing Cheesmans with all information and explanations necessary for their compilation. The fthahcial statements were approved and signed on LHe] 2021
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f For and on behalf of the Trustees of the Chiddingfold Village Nursery School
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CHIDDINGFOLD VILLAGE NURSERY SCHOOL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2020
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- 1 Accounting policies The principal accounting policies applied are as follows.
1.1 Accounting convention The financial information is compiled on an agreed accounting basis that enables profits to be calculated such as to meet the requirements of Section 25 of the Income Tax (Trading and Other Income) Act 2005.
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1.2 Tangible fixed assets
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Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
- 2 Tangible fixed assets
| 2 | Tangible fixed assets | ||
|---|---|---|---|
| Plant and | machinery etc | ||
| £ | |||
| Cost | |||
| At1 September 2019 | - | ||
| Additions | 400 | ||
| At 31 August2020 | 400 | ||
| Depreciation and impairment | |||
| At1 September 2019 | z | ||
| Depreciation charged in the year | 25 | ||
| At 31 August2020 | 25 | ||
| Carrying amount | |||
| At 31 August2020 | 375 | ||
| At 31 August 2019 | m | ||
| 3 | Capital account | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Opening balance | 24 | (12,450) | |
| Profit | 28,636 | 12,474 | |
| Closingbalance | 28,660 | 24 |
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