Independent examiner's report to the trustees of Chiddingfold Village Nursery School I report to the Trustees on my examination of the accounts of the Chiddingfold Village Nursery School (the Trust) for Ihe year ended 31 August 2021. Responsibilities and basis of report As the Ghanly's trustees, you are responsible for the preparation of the accounls in accordance with the requirements of the Charities Act 2011 I'the Act,) I report in respect of my examination of the Trust's accounts carried out under sedion 145 of the 2011 Act 2nd in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){b} of the Act. Independent examiner's statement I have completed my examination. I confirm that there are material matters that have come to my attention in connection with the examination which gives me Gause lo believe that.. the accounting records kept in respect of the Trust were not as required by section 130 ofthe Act", but that work has been and is now being undertaken to ensure the accounting records are adequate and up to dale., the accounts do not accord with those records. the accounts did nol comply with the applicable requirements Con￿rning the fom 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 matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: CAROL A CHEESMAN Relevant professional qualification or membership of professional bodles (if any): FCA Address: CHEESMANS, 4 AZTEC ROW, BERNERS ROAD, LONDON, N1 OPW Date: ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** # **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **BUSINESS INFORMATION** |**Charity Registration No**|1029419|| |---|---|---| |**Accountants**|Cheesmans|| ||4 Aztec Row|| ||Berners Road|| ||London|| ||N1 0PW|| |**Business address**|The Village Hall|| ||Coxcombe Lane|| ||Chiddingfold|| ||Godalming|| ||Surrey|| ||GU8 4QA|| |**Trustees**|B Moir|| ||A Texier|(Resigned on 28 September 2020)| ||A Mason|(Resigned on 28 September 2020)| ||H Gorrod|(Appointed on 28 September 2020)| ||D Wallbank|(Appointed on 28 September 2020)| ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **CONTENTS** ||**Page**| |---|---| |Profit and loss account|1| |Balance sheet|2 - 3| |Notes to the financial statements|4| ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **PROFIT AND LOSS ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |**Turnover**
Nursery Education Grant and Fees
Fundraising
**Other operating income**
Government grants receivable and released
**Administrative expenses**
Wages and salaries
Social security costs
Casual labour
Staff training
Staff pension costs defined contribution
Fundraising costs
Hall hire
Cleaning
Trips and visits
Legal and professional fees
Accountancy
Bank charges
Bad and doubtful debts
Insurances
Post, stationary, computer and office costs
Advertising
Snacks and crafts costs
Resources, toys and books
Depreciation
**Operating profit**
**Investment revenues**
Bank interest received
**Profit before taxation**|**2021**
**£**
**£**
120,644
2,580
123,224
-
79,512
-
138
421
1,211
3,062
12,720
1,306
395
301
1,584
83
1,973
1,017
4,799
105
1,898
1,419
100
(112,044)
11,180
6
6
9.08%
11,186|**2020**
**£**
**£**
113,983
4,042
118,025
15,714
72,746
1,440
77
727
1,450
4,405
8,360
918
49
376
900
125
-
256
6,696
811
1,970
3,772
25
(105,103)
28,636
-
-
24.26%
28,636| |---|---|---| - 1 - ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **BALANCE SHEET** ## _**AS AT 31 AUGUST 2021**_ |**Notes**
**Fixed assets**
Tangible assets
**2**
**Current assets**
Debtors
Cash at bank
**Creditors: amounts falling due within**
**one year**
**Net current assets**
**Total assets less current liabilities**
**Fixed capital account**
**Current account**
**3**|**2021**
**£**
1,970
65,938
67,908
(5,371)|**£**
275
62,537
62,812
22,966
39,846
62,812|**2020**
**£**
1,295
52,048
53,343
(2,092)|**£**
375
51,251| |---|---|---|---|---| |||||51,626| |||||22,966
28,660| |||||51,626| - 2 - ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **BALANCE SHEET (CONTINUED)** ## _**AS AT 31 AUGUST 2021**_ In accordance with the engagement letter dated 21 May 2020, we approve the financial statements set out on pages 1 to 4. 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 financial statements were approved and signed on 17 May 2023. For and on behalf of the Trustees of the Chiddingfold Village Nursery School - 3 - ## **CHIDDINGFOLD VILLAGE NURSERY SCHOOL** ## **NOTES TO THE ACCOUNTS** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **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. ## **1.2 Tangible fixed assets** 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** |**Cost**
At 1 September 2020 and 31 August 2021
**Depreciation and impairment**
At 1 September 2020
Depreciation charged in the year
At 31 August 2021
**Carrying amount**
At 31 August 2021
At 31 August 2020
**Capital account**
Opening balance
Profit
Closing balance|**Plant and**
**machinery**
**etc**
**£**
400
25
100
125
275
375
**2021**
**2020**
**£**
**£**
28,660
24
11,186
28,636
39,846
28,660| |---|---| ## **3 Capital account** - 4 -