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 the year ended 31 August 2023.
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’).
I 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 I have followed all the applicable Directions given by the Charity Commission under section 145(5)(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 cause to believe that:
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the accounting records kept in respect of the Trust were not as required by section 130 of the Act; but that work has been and is now being undertaken to ensure the accounting records are adequate and up to date;
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the accounts do not accord with those records, particularly with regard to historic figures.
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.
Signed:
Name: CAROL A CHEESMAN
Relevant professional qualification or membership of professional bodies (if any): FCA Address: CHEESMANS, 4 AZTEC ROW, BERNERS ROAD, LONDON, N1 0PW
Date: 29/07/2024
CHIDDINGFOLD VILLAGE NURSERY SCHOOL
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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 H Gorrod C Wingrave (appointed 13 July 2023) D Wallbank (resigned 13 July 2023)
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 2023
| Turnover Nursery Education Grant and Fees Fundraising and Donations Administrative expenses Wages and salaries Social security costs Casual labour Staff training Staff pension costs defined contribution 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/(loss) Investment revenues Bank interest received Profit/(loss) before taxation |
2023 £ £ 150,745 3,983 154,728 96,783 - - 1,266 1,730 18,968 2,190 390 305 4,497 128 - 1,028 3,862 283 1,956 13,956 376 (147,718) 7,010 313 313 4.73% 7,323 |
2022 £ £ 112,622 1,856 114,478 79,416 (802) 501 1,059 1,135 15,189 1,317 495 206 1,814 227 1,880 1,001 4,691 798 1,546 8,442 216 (119,131) (4,653) 13 13 4.05% (4,640) |
|---|---|---|
- 1 -
CHIDDINGFOLD VILLAGE NURSERY SCHOOL
BALANCE SHEET
AS AT 31 AUGUST 2023
| 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 |
2023 £ 864 67,975 68,839 (4,187) |
£ 843 64,652 65,495 22,966 42,529 65,495 |
2022 £ 995 62,002 62,997 (5,388) |
£ 563 57,609 |
|---|---|---|---|---|
| 58,172 | ||||
| 22,966 35,206 |
||||
| 58,172 |
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CHIDDINGFOLD VILLAGE NURSERY SCHOOL
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023
In accordance with the engagement letter, 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 29 July 2024..
C Wingrave
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 2023
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 2022 Additions At 31 August 2023 Depreciation and impairment At 1 September 2022 Depreciation charged in the year At 31 August 2023 Carrying amount At 31 August 2023 At 31 August 2022 Capital account Opening balance Profit/(loss) Closing balance |
Plant and machinery etc £ 904 656 1,560 341 376 717 843 563 2023 2022 £ £ 35,206 39,846 7,323 (4,640) 42,529 35,206 |
|---|---|
3 Capital account
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