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2022-03-31-accounts

ST JOHNS EARLY YEARS PRE-SCHOOL Operating as Riverview Kindergarden

Report of the Directors

For the Year Ended 31 March 2022

The directors have pleasure in presenting their report and the audited financial statements of the charity for the year ended 31st March 2022

Members of the Committee and Professional Advisors

Charity Name ST JOHNS EARLY YEARS PRE-SCHOOL Operating as Riverview Community Nursery Registered Charity 106 45 71 Number Board of Susan Hutton Directors Linda Wilkinson Registered Teindland Close Office Newcastle upon Tyne, NE4 8HE Independent Jim Dodds Examiner Ellison Services C/O Newcastle Council for Voluntary Service Higham House Higham Place Newcastle upon Tyne NE1 8AF Bankers Barclays Bank PLC West Road Newcastle

1

Structure, governance and management

Governing documents

ST JOHNS EARLY YEARS PRE-SCHOOL operating as Riverview Kindergarden CIC is an unincorporated registered charity.

Board of Directors of the organisation

Susan Hutton and Linda Wilkinson are both named as directors on the Community Interest Company.

Risk management

The directors have conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Public Beneft

The directors have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.

Objectives and activities

Another successful year the setting has been working at nearly full capacity.

The extension of the two year education grant and the changes applied to the nursery education grant payments, have created a stable financial situation, allowing the setting to re- employ all staff, the setting is now able to reserve a sum of money to use for future redundancies. The setting has been through several staff role changes this year which is now having a positive effect on raising standards.

In the past we have lost several children to the public sector nurseries due to their offer of extended hours now the numbers of children remaining in the setting for a second academic year is rising.

2

We now have children on fifteen hours through two-year funding, children with working parents on 30 hours free childcare, children on 15 hours through nursery education grants, and a number of working parents There are concerns at this point in the lack of applications for September 2022-23, which may involve the loss of some staff; this may be due to many primary school settings now offering two-year funded places. We are considering offering parents additional free hours of childcare to get parents to stay with us.

We are now delivering Talkboost sessions, phonics sessions and mathematics and literacy to children.

We have been quiet since we returned from Covid, hopefully applications will increase in future

Achievements and performance

We have had numerous students accessing placements from Newcastle College; we hope this continues in future years.

Plans for future periods

We are now a charity run by directors to a Community Interest Company (CIC). We have formed a staff forum which meets half termly allowing staff to have more involvement and decision making.

Audited accounts are much easier this year as we will be working off the CIC account.

Financial Review

ST JOHNS EARLY YEARS PRE-SCHOOL operating as Riverview Kindergarden CIC is funded by grant income from Newcastle City Council and childcare fees. This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice (SORP) 2005.

Reserves policy

The management committee has examined the charities requirements for reserves in light of the major risks to the organisation. The established policy is for designated unrestricted funds held by the charity to be set at between 4 to 6 months of the expenditure. The reserves for the year are £51,939.66. The reserves are needed to maintain the current activities of the charity in the event of a significant drop in funding. The reserves are also needed to cover the costs of potential redundancies.

Statement of trustees responsibilities

3

The trustees, who are also directors for the purposes of the Companies Act, are also responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the directors on ………………….. and signed on their behalf by:

Susan Hutton ………………………………….. Director

Linda Wilkinson ……………………………….. Director

4

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

Company Registration Number 08588100

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

Contents Page
Directors' report 1 to 2
Statement of income and retained earnings 3
Statement of financial position 4
Notes to the financial statements 5 to 8

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT

For the year ended 31 March 2022

The directors present their report and unaudited financial statements of Riverview Community Kindergarten CIC for the year ended 31 Mar 2022, which are set out on pages 4 to 11.

Registered Office

Riverview Community Kindergarten Teindland Close Benwell Newcastle upon Tyne NE4 8HE

Directors

Susan Hutton Linda Wilkinson

Accountants

Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF

1

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT

For the year ended 31 March 2022

Principal Activities

The principal activity of the company is the provision of pre-school education for children aged between two and four years old.

Directors

The following directors have held office during the year and up to the date of signature of the financial statements, are as follows:

Susan Hutton Linda Wilkinson

Statement of Directors' Responsibilities

The directors are responsible for preparing the Director's Report and the financial statements in accordance with applicable law regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company Law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board on

19/12/22

and signed by its order.

Linda Wilkinson Director

2

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

STATEMENT OF INCOME AND RETAINED EARNINGS

For the year ended 31 March 2022

Grants
Other income
Total income
Administrative expenses
Other operating income
Tax on profit on ordinary activities
5
Profit / (loss) for the financial year
Note
Profit / (loss) on ordinary activities
before taxation
Profit / (loss) on ordinary activities after
taxation		 Total
127,927
132,855
10,943
2022
£
121,912
-
3,992
936
4,928
3,992		 Total
2021
£
6,825
125,032
131,857
129,332
-
480
2,525
2,045
2,045

There have been no recognised gains and losses in the financial period other than those shown above

3

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION
As at 31 March 2022 Company Registration Number 08588100
6
7
8
10
Note
Net assets
Total assets less current liabilities
Funds
Total current assets
Debtors
Net current assets
Creditors:
falling due within one year
Profit and loss account
Creditors:falling due after more than 1 year
Liabilities
Current assets
Cash at bank and in hand		 £
6,809
75,022
( 2,689 )
( 8,744 )
68,213		 £
2022
Total
63,589
63,589
72,333
72,333
63,589		 £
12,118
72,890
( 4,549 )
( 8,744 )
60,772		 Total
£
2021
68,341
68,341
59,597
59,597
59,597

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved by the Board on:

and are signed on its behalf by: Susan Hutton Director

19/12/22

4

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

1 Accounting Policies

1.1 Accounting Convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on historical cost convention. The principle accounting policies adopted are set out below.

1.1 Going Concern

In response to the COVID-19 pandemic, the Directors have revised their forecasts to take into account the impact on the business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

1.2 Income

Income from fees is recognised in the accounts when invoiced unless it relates to future accounting periods, in which case it is deferred and included in creditors.

Grants receivable are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate specifically to a future accounting period, in which case they are deferred.

Where a grant is received relating to a future accounting period, the profit and loss account shows the gross amount together with the changes in the amount deferred to future accounting periods. Deferred grant income at the year end is included in creditors.

1.3 Expenditure

Expenditure is brought in to the financial statements on the accruals basis.

1.4 The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

5

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

2 Company constitution

The Company is a community interest company (CIC) and is limited by guarantee having no share capital. In the event of a winding up each member undertakes to contribute such an amount, as may required for the payment of liabilities not exceeding £1.

3 Operating surplus

Directors salaries
Directors national insurance
Directors pension
Current tax:
UK current tax expense
Operating surplus is stated after charging:
Depreciation of owned fixed assets
Tax on profit/(loss) on ordinary activities
Taxation on ordinary activities
Directors remuneration		 2022
2022
£
936
41,850
880
-
936
£
3,335
46,065
2022
£
-		 2021
£
-
-
2021
£
892
42,220
3,403
46,515
2021
£
480
480

4 Directors remuneration

5 Taxation on ordinary activities

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as the standard rate of corporation tax in the UK of 19%.

Profit/(loss) on ordinary activities before taxation
Profit/(loss) on ordinary activities by rate of tax		 2022
£
4,928
936		 2021
£
2,525
480

6

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

6
Debtors and prepayments
Payroll holding account
Trade debtors
Prepayments		 6,369
440
6,809
2022
£
-		 2021
£
10,833
514
771
12,118

7 Creditors and accruals (payable within 1 year)

Creditors
Trade creditors
Corporation tax
Other creditors
Accruals
Accountants fee
8
Creditors and accruals (payable after more than 1 year)
Cash loan from St Johns Early Years Pre-
School		 60
594
936
2022
£
2022
£
1,099
8,744
8,744
2,689		 2021
£
45
969
2,479
1,056
4,549
2021
£
8,744
8,744

9 Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10 Profit and loss account

Balance carried forward
Balance brought forward
Profit / (loss) for the year		 63,589
59,597
£
3,992
2022		 £
2021
57,552
2,045
59,597

7

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

11 Related party transactions and control relationships

The Company was under the control of its directors throughout the year.

There are no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office which require to be disclosed.

The company has operated since 1 October 2013, the nursery was previously operated as an unincorporated voluntary organisation. The funds held by the nursery at 30 September 2013 remain with the charity (St Johns Early Years PreSchool operating as Riverview Community Nursery) Charity Number 1064571.

There is a balance of the cash flow loan of £8,744, this was made to the CIC by the charity (St Johns Early Years PreSchool operating as Riverview Community Nursery) to finance the transition of operations from the charity to the CIC, it is anticipated that the remainder will be returned when the charity is operational, the cash flow loan was interest free.

8

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS

For the year ended 31 March 2022

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages 3 to 8 and you consider that the company is exempt from audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF 19/12/22

This page does not form part of the statutory financial statements.

9

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DETAILED PROFIT AND LOSS

For the year ended 31 March 2022

Income
Grants
Early Years funding
Other Income
Childcare fees
Milk grant
Sale of sweatshirts / photographs
Fundraising
Other income
Expenditure
Staff Costs
Directors salaries
Directors national insurance
Directors pension
Staff salaries
Other staff costs
Staff training
Staff travel
Staff uniforms
Nursey Expenditure
Child materials and resources
Children's uniforms
Photographs
Outings
Children's Food
Milk
Food and cooking
Office Costs
Printer cartridges
Rent
Office equipment
Telephones and post
IT and Software costs
Insurance
Cleaning Costs
Cleaning equipment
Cleaning contract
Accountancy fees
Book-keeping and payroll
Subscriptions
Professional fees
Bank charges
Marketing
Premises
Utilities
Repair and maintenance
Miscellaneous
Management /
Professional Fees		 -
163
574
628
180
1,162
1,099
6,803
19
130
3,473
352
1,006
69
-
3
639
132,855
2,907
-
52,862
17

3,335
41,850
880
2022
-
7,662
£
121,912
165
2,113
1,003
837
45
127,927
4,945
1,255
1,319
959
416		 2021
£
-
125,032
269
1,577
1,003
3,976
-
123
-
480
586
248
1,279
6,200
1,464
29
121
255
-
739
29
3,261
395
2,621
131,857
516
1,076
892

57,472
3
3,403
42,220
1,056
559
2,393
120
715
1,077
129,332

This page does not form part of the statutory financial statements.

10

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DETAILED PROFIT AND LOSS

For the year ended 31 March 2022

Income brought forward
Expenditure brought forward
Balance on ordinary actives before taxation
Tax on balance on ordinary activities
Balance on ordinary actives after taxation
Extraordinary item
Balance for the financial year		 -
3,992
( 127,927 )
132,855
2022
3,992
4,928
( 936 )
£		 2021
£
( 129,332 )
131,857
( 480 )
2,525
2,045
-
2,045

This page does not form part of the statutory financial statements.

11

CIC Accounts 2021-22

Final Audit Report

2022-12-21

Created: 2022-12-20 By: Nigel Douglass (nigel.douglass@connectedvoice.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAIopkoEok5mlgQvLZPNYwvnnUIhtd79k2

"CIC Accounts 2021-22" History

Document created by Nigel Douglass (nigel.douglass@connectedvoice.org.uk)

2022-12-20 - 4:01:40 PM GMT- IP address: 62.31.22.146

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2022-12-20 - 4:02:16 PM GMT

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Agreement completed.

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RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

Company Registration Number 08588100

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

Contents Page
Directors' report 1 to 2
Statement of income and retained earnings 3
Statement of financial position 4
Notes to the financial statements 5 to 8

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT

For the year ended 31 March 2022

The directors present their report and unaudited financial statements of Riverview Community Kindergarten CIC for the year ended 31 Mar 2022, which are set out on pages 4 to 11.

Registered Office

Riverview Community Kindergarten Teindland Close Benwell Newcastle upon Tyne NE4 8HE

Directors

Susan Hutton Linda Wilkinson

Accountants

Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF

1

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DIRECTORS' REPORT

For the year ended 31 March 2022

Principal Activities

The principal activity of the company is the provision of pre-school education for children aged between two and four years old.

Directors

The following directors have held office during the year and up to the date of signature of the financial statements, are as follows:

Susan Hutton Linda Wilkinson

Statement of Directors' Responsibilities

The directors are responsible for preparing the Director's Report and the financial statements in accordance with applicable law regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company Law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board on

19/12/22

and signed by its order.

Linda Wilkinson Director

2

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

STATEMENT OF INCOME AND RETAINED EARNINGS

For the year ended 31 March 2022

Grants
Other income
Total income
Administrative expenses
Other operating income
Tax on profit on ordinary activities
5
Profit / (loss) for the financial year
Note
Profit / (loss) on ordinary activities
before taxation
Profit / (loss) on ordinary activities after
taxation		 Total
127,927
132,855
10,943
2022
£
121,912
-
3,992
936
4,928
3,992		 Total
2021
£
6,825
125,032
131,857
129,332
-
480
2,525
2,045
2,045

There have been no recognised gains and losses in the financial period other than those shown above

3

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION
As at 31 March 2022 Company Registration Number 08588100
6
7
8
10
Note
Net assets
Total assets less current liabilities
Funds
Total current assets
Debtors
Net current assets
Creditors:
falling due within one year
Profit and loss account
Creditors:falling due after more than 1 year
Liabilities
Current assets
Cash at bank and in hand		 £
6,809
75,022
( 2,689 )
( 8,744 )
68,213		 £
2022
Total
63,589
63,589
72,333
72,333
63,589		 £
12,118
72,890
( 4,549 )
( 8,744 )
60,772		 Total
£
2021
68,341
68,341
59,597
59,597
59,597

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved by the Board on:

and are signed on its behalf by: Susan Hutton Director

19/12/22

4

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

1 Accounting Policies

1.1 Accounting Convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on historical cost convention. The principle accounting policies adopted are set out below.

1.1 Going Concern

In response to the COVID-19 pandemic, the Directors have revised their forecasts to take into account the impact on the business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

1.2 Income

Income from fees is recognised in the accounts when invoiced unless it relates to future accounting periods, in which case it is deferred and included in creditors.

Grants receivable are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate specifically to a future accounting period, in which case they are deferred.

Where a grant is received relating to a future accounting period, the profit and loss account shows the gross amount together with the changes in the amount deferred to future accounting periods. Deferred grant income at the year end is included in creditors.

1.3 Expenditure

Expenditure is brought in to the financial statements on the accruals basis.

1.4 The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

5

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

2 Company constitution

The Company is a community interest company (CIC) and is limited by guarantee having no share capital. In the event of a winding up each member undertakes to contribute such an amount, as may required for the payment of liabilities not exceeding £1.

3 Operating surplus

Directors salaries
Directors national insurance
Directors pension
Current tax:
UK current tax expense
Operating surplus is stated after charging:
Depreciation of owned fixed assets
Tax on profit/(loss) on ordinary activities
Taxation on ordinary activities
Directors remuneration		 2022
2022
£
936
41,850
880
-
936
£
3,335
46,065
2022
£
-		 2021
£
-
-
2021
£
892
42,220
3,403
46,515
2021
£
480
480

4 Directors remuneration

5 Taxation on ordinary activities

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as the standard rate of corporation tax in the UK of 19%.

Profit/(loss) on ordinary activities before taxation
Profit/(loss) on ordinary activities by rate of tax		 2022
£
4,928
936		 2021
£
2,525
480

6

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

6
Debtors and prepayments
Payroll holding account
Trade debtors
Prepayments		 6,369
440
6,809
2022
£
-		 2021
£
10,833
514
771
12,118

7 Creditors and accruals (payable within 1 year)

Creditors
Trade creditors
Corporation tax
Other creditors
Accruals
Accountants fee
8
Creditors and accruals (payable after more than 1 year)
Cash loan from St Johns Early Years Pre-
School		 60
594
936
2022
£
2022
£
1,099
8,744
8,744
2,689		 2021
£
45
969
2,479
1,056
4,549
2021
£
8,744
8,744

9 Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10 Profit and loss account

Balance carried forward
Balance brought forward
Profit / (loss) for the year		 63,589
59,597
£
3,992
2022		 £
2021
57,552
2,045
59,597

7

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

11 Related party transactions and control relationships

The Company was under the control of its directors throughout the year.

There are no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office which require to be disclosed.

The company has operated since 1 October 2013, the nursery was previously operated as an unincorporated voluntary organisation. The funds held by the nursery at 30 September 2013 remain with the charity (St Johns Early Years PreSchool operating as Riverview Community Nursery) Charity Number 1064571.

There is a balance of the cash flow loan of £8,744, this was made to the CIC by the charity (St Johns Early Years PreSchool operating as Riverview Community Nursery) to finance the transition of operations from the charity to the CIC, it is anticipated that the remainder will be returned when the charity is operational, the cash flow loan was interest free.

8

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS

For the year ended 31 March 2022

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages 3 to 8 and you consider that the company is exempt from audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF 19/12/22

This page does not form part of the statutory financial statements.

9

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DETAILED PROFIT AND LOSS

For the year ended 31 March 2022

Income
Grants
Early Years funding
Other Income
Childcare fees
Milk grant
Sale of sweatshirts / photographs
Fundraising
Other income
Expenditure
Staff Costs
Directors salaries
Directors national insurance
Directors pension
Staff salaries
Other staff costs
Staff training
Staff travel
Staff uniforms
Nursey Expenditure
Child materials and resources
Children's uniforms
Photographs
Outings
Children's Food
Milk
Food and cooking
Office Costs
Printer cartridges
Rent
Office equipment
Telephones and post
IT and Software costs
Insurance
Cleaning Costs
Cleaning equipment
Cleaning contract
Accountancy fees
Book-keeping and payroll
Subscriptions
Professional fees
Bank charges
Marketing
Premises
Utilities
Repair and maintenance
Miscellaneous
Management /
Professional Fees		 -
163
574
628
180
1,162
1,099
6,803
19
130
3,473
352
1,006
69
-
3
639
132,855
2,907
-
52,862
17

3,335
41,850
880
2022
-
7,662
£
121,912
165
2,113
1,003
837
45
127,927
4,945
1,255
1,319
959
416		 2021
£
-
125,032
269
1,577
1,003
3,976
-
123
-
480
586
248
1,279
6,200
1,464
29
121
255
-
739
29
3,261
395
2,621
131,857
516
1,076
892

57,472
3
3,403
42,220
1,056
559
2,393
120
715
1,077
129,332

This page does not form part of the statutory financial statements.

10

RIVERVIEW COMMUNITY KINDERGARTEN COMMUNITY INTEREST COMPANY

A COMPANY LIMITED BY GUARANTEE

DETAILED PROFIT AND LOSS

For the year ended 31 March 2022

Income brought forward
Expenditure brought forward
Balance on ordinary actives before taxation
Tax on balance on ordinary activities
Balance on ordinary actives after taxation
Extraordinary item
Balance for the financial year		 -
3,992
( 127,927 )
132,855
2022
3,992
4,928
( 936 )
£		 2021
£
( 129,332 )
131,857
( 480 )
2,525
2,045
-
2,045

This page does not form part of the statutory financial statements.

11

CIC Accounts 2021-22

Final Audit Report

2022-12-21

Created: 2022-12-20 By: Nigel Douglass (nigel.douglass@connectedvoice.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAIopkoEok5mlgQvLZPNYwvnnUIhtd79k2

"CIC Accounts 2021-22" History

Document created by Nigel Douglass (nigel.douglass@connectedvoice.org.uk)

2022-12-20 - 4:01:40 PM GMT- IP address: 62.31.22.146

Document emailed to lindawilkinson32@rocketmail.com for signature

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Signer lindawilkinson32@rocketmail.com entered name at signing as linda wilkinson

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linda wilkinson (lindawilkinson32@rocketmail.com) has explicitly agreed to the terms of use and to do business electronically with Nigel Douglass (nigel.douglass@connectedvoice.org.uk) 2022-12-21 - 11:07:18 AM GMT- IP address: 92.16.192.21

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Signature Date: 2022-12-21 - 11:07:18 AM GMT - Time Source: server- IP address: 92.16.192.21

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susan hutton (contactriverviewkindergarden@gmail.com) has explicitly agreed to the terms of use and to do business electronically with Nigel Douglass (nigel.douglass@connectedvoice.org.uk) 2022-12-21 - 11:57:06 AM GMT- IP address: 5.66.168.189

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Agreement completed.

2022-12-21 - 3:19:57 PM GMT