**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| ## **8 Creditors: amounts falling due within one year** ## **9 Trust Funds**