Registered number 2843233
Happy Nest Nursery (Company Limited by Guarantee) Report and Accounts 31-Mar-22
ACCLIVITY ADVISORS The Brentano Suite Catalyst House 720 Centennial Court Centennial Park Elstree, Hertfordshire WD6 3SY
Happy Nest Nursery Report and accounts Contents
The Trustees' present their report and accounts for the year ended 31 March 2022
| Page | |
|---|---|
| Officers and Advisors | 1 |
| Trustees' report | 2 |
| Accountants' report | 3 |
| Summary Income and Expenditure Account | 4 |
| Statement of Financial Activites | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Happy Nest Nursery Directors, Officers and Advisors
Members of the Board of Trustees
Sibel Gul Ahmet Genc
Secretary
Claire Andrews
Accountants
Acclivity Advisors The Brentano Suite Catalyst House 720 Centennial Court Centennial Park Elstree, Hertfordshire WD6 3SY
Registered office
Fellows Court Family Centre Weymouth Terrace London E2 8LR
Registered number
2843233
Registered as Charity No
1057415
Bank
National Westminster Bank Plc 198 Stoke Newington High Street London N6 7GA
Happy Nest Nursery
Trustees' Report
The Trustees' present their report and accounts for the year ended 31 March 2022.
Principal activities
The Company's principal activity during the year was to provide nursery facilities to the local community.
Trustees
The Trustees who served during the year were as follows:
2022 2021 Sibel Gul Sibel Gul Ahmet Genc Ahmet Genc
Responsibilities of Trustees
The Trustees are responsible for the preparation of the accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing the accounts the Trustees are required to:
-
Select suitable accounting polocies and apply them consistently;
-
Make judgements and estimates which are reasonable and prudent;
-
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts;
-
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
Small Company Special Provisions
This Report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies
19 December This report was approved by the board on ............................2022.
Signed on behalf of the board of Trustees
A Genc
Trustee
Happy Nest Nursery Independent Examiners' Report
The Trustees' present their report an accounts for the Year Ended 31 March 2022
Independent Examiners' Report to the Members on the unaudited accounts of Happy Nest Nursery
We report on the account for the year ended 31 March 2022
Respective responsibilities of Trustees and Examiner
As described on page 2, the Company's Trustees are responsible for the preparation of the accounts. It is our responsibility to carry out procedures designed to enable us to
Basis of Independent Examiner`s Report
Our examination was carried out in accordance with the general directions given by the Charity Commission and so our examination procedures consisted of comparing the accounts with the accounting records kept by the Trust and making limited enquiries of the Officiers of the Trust as we considered necessary for the purposes of this report.
Acclivity Advisors The Brentano Suite Catalyst House 720 Centennial Court Centennial Park Elstree, Hertfordshire London WD6 3SY
19 December ............................2022
Happy Nest Nursery Summary Income and Expenditure Account for the Year Ended 31 March 2022
| 2022 £ |
2021 £ |
||
|---|---|---|---|
| Income Less: Expenditure Net Surplus / (Deficit) for The Year |
257,693 286,735 29,043 - |
335,661 263,033 |
|
| 72,627 | |||
Happy Nest Nursery Statement of Financial Activites for the Year Ended 31 March 2022
| Notes £ |
Notes £ |
2022 £ |
2022 £ |
£ | 2021 £ |
|
|---|---|---|---|---|---|---|
| Incoming Resources Voluntary Sources: Restricted Funds Grants Unrestricted Funds Grants Donations and sundry receipts PPA Total Receipts Resources Expended Costs of generating funds: 2 Costs of generating voluntary income: Publicity & Advertisement Indirect costs Charitable activites 3 Equipment, Food & drinks Capital Expenditure Other direct costs Indirect costs Governance Costs 4 Total Resources Expended Net Outgoing Resources Total funds brought forward Total funds carried forward |
65,523 | 17,143 52,198 188,352 257,693 65,523 151,093 70,119 286,735 29,043 - 641,402 612,359 |
59,738 | 13,083 176,270 146,307 |
||
| 335,660 | ||||||
| 59,738 136,812 66,483 |
||||||
| 20,046 - 131,047 |
17,336 119,476 |
|||||
| 70,119 | 66,483 | |||||
| 263,033 | ||||||
| 72,627 568,775 |
||||||
| 641,402 | ||||||
Happy Nest Nursery Balance Sheet as at 31st March 2022
The Trustees' present their report and accounts for the Year Ended 31 March 2022
| Notes | £ | 2022 £ |
£ | 2021 £ |
|
|---|---|---|---|---|---|
| Tangible Fixed Assets Equipment Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net Current Assets Net Assets Represented by; Trust Funds |
7 8 9 |
18,941 31,707 572,321 |
612,359 | 3,136 2,598 627,797 |
641,402 |
| 622,968 10,609 |
633,532 7,870 |
||||
| 612,359 | 641,402 | ||||
| 612,359 | 641,402 | ||||
| 612,359 | 641,402 | ||||
The Directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that member have note required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of Accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the companies Act 2006 applicable to companies subject to the small companies regime.
A Genc Trustee 19 December Approved by the board on ............................2022
Happy Nest Nursery Notes to the Accounts for the Year Ended 31 March 2022
1 Accounting policies
The accounts have been prepared under the historical cost convention a) and in accordance with the Financial Reporting Standard for Smaller Entities (January 2007)
b) Depreciation
Depreciation has been provided at the following rate in order to write off the assets over their estimated useful lives.
Plant & Machinery
25% Straight line method
Certain expenditure is dirrectly attributable to specific activites and has been included in those cost categories. Certain overhead expenditures c) (as shown in note 5) has been apportioned on the basis of the estimated time spent by the staff on the three main activites of the charitable company.
| 2 Costs of generating funds Indirect costs (note 5) 3 Charitable Activites Equipments, toys & books Nursery food and drinks Other direct costs Indirect costs (note 5) 4 Governance costs Accountancy Indirect costs (note 5) |
2022 2021 £ £ |
|---|---|
| 65,523 59,738 |
|
| 65,523 59,738 |
|
| 7,159 5,692 12,888 11,645 131,047 119,476 |
|
| 151,093 136,813 |
|
| 4,595 6,745 65,523 59,738 |
|
| 70,119 66,483 |
5 Indirect costs
| £ £ £ £ Costs of Generating Funds Charitable Activities Governance Costs Total 2022 |
£ Total 2021 |
|
|---|---|---|
| Staff costs (note 6) Printing & Stationary & Post Telephone & Fax Light & Heat Rates Depreciation Rent Cleaning Bank charges Repairs & Maintanance Travel and subsistence Insurance Subscriptions IT & Software Other legal & professional Sundry |
57,520 115,040 57,520 230,080 497 994 497 1,988 195 390 195 779 646 1,291 646 2,582 142 284 142 568 2,673 5,346 2,673 10,692 1,799 3,597 1,799 7,194 170 340 170 680 95 190 95 380 725 1,451 725 2,901 - - - - 596 1,193 596 2,386 256 513 256 1,026 65 130 65 261 - - - - 144 288 144 577 |
217,444 1,730 782 1,726 639 4,068 5,232 636 293 2,283 - 2,111 1,456 256 - 296 |
| 65,523 131,047 65,523 262,094 |
238,952 | |
6 Staff costs
| Staff costs | |
|---|---|
| Wages and salaries Employers NIC Staff training & welfare |
2022 2021 |
| £ £ |
|
| 204,752 192,041 13,902 13,047 11,426 12,355 |
|
| 230,080 217,443 |
7 Tangible fixed assets
Cost At 1st April 2021 Additions At 31st March 2022 Depreciation At 1st April 2021 Charge for the year At 31st March 2022 Net book value At 31st March 2022 At 1st April 2021 |
Plant and |
|---|---|
| machinery | |
| £ | |
| 16,271 26,497 |
|
| 42,768 | |
| 13,135 10,692 |
|
| 23,827 | |
| 18,941 | |
| 3,136 |
| Creditors: amounts falling due within one year Trade Creditors Accrued Income/Expense Accruals Trust Funds At 1 April Retained Profit At 31 March |
2022 2021 £ £ |
|---|---|
| 2,355 (2,495) 31,707 - 3,568 1,457 |
|
| 2022 2021 £ £ |
|
| 641,402 568,775 29,043 - 72,627 |
|
| 612,359 641,402 |