## **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:
- 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;
- 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|
- 2 -
## **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
- 3 -
## **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**
- 4 -