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2020-08-31-accounts

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

Tattersall Bailey Grainger & Platt 14A Main Street 3 Fisher Street Cockermouth Carlisle Cumbria CA13 9LQ Cumbria CA3 8RR tbc.uk.com grainger-platt.co.uk 01900 826 111 01228 521286

By email only admin@houghtonnursery.com

Strictly Private and Confidential

Houghton Nursery Group Jackson Road Houghton Carlisle Cumbria CA3 0NX

7 December 2020

Our Ref: H0001

Dear Christine

Houghton Nursery Group - Charity accounts

Further to our previous correspondence, we are writing in order to finalise the accounts in relation to the year ended 31 August 2020.

The accounts cannot be filed at the Charities Commission until they have been approved by you. As confirmation of your instruction to finalise and submit the accounts please can you electronically sign the following two pages from the enclosed document:

We are unable to file the accounts until we are in receipt of the signed pages.

The final accounts have to be submitted on or before 30 June 2021.

Please do not hesitate to contact us if you would like to discuss this further.

Yours sincerely

Joanne Batey Accountant

Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales. Tattersall Bailey and Grainger and Platt are trading names of Tattersall Bailey & Co Limited Company Number: 08783854 Registered in England & Wales.

Luke Tattersall FCA Paul Bailey FCA

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

REGISTERED CHARITY NUMBER: 1069874

HOUGHTON NURSERY GROUP

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020

The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Objectives

The charity's objectives are set out in its governing document and include the provision of nursery education for pre-school children and full wrap-around day care for two and a half to eleven-year olds within the local community - also the provision of a holiday club for two and a half to eleven year old children from a wider community during school holidays.

Activities

In planning our activities for the year, we keep in mind the Charity Commission's guidance on public benefit at our trustees' meetings.

We demonstrate our involvement with the community through our daily activities. We help educate and develop the children's social skills whilst ensuring their physical and emotional needs are met. We have close links with our travelling community as we strive to be all inclusive welcoming children from all backgrounds, faith and gender into our setting.

Additional details of objectives and activities

No grants are made by the charity. Though we are a small charity ourselves, we involve the children in activities to raise funds for other charities. This year we have supported Children in Need, Save the Children and made up boxes for the Shoe Box Appeal.

A great contribution is made by our committee members who volunteer their time and energy. Without their valuable contribution we would not be able to achieve so much.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We held a successful Pamper Evening in November and a Fun Day in October which raised money to help with new equipment and activities for the children.

We also continue to raise funds throughout the year through the Nathan's Waste scheme where donations of clothing are collected in our new outdoor waste collection bank in exchange for payment.

After feedback from our parents, we continue to run the Holiday Club during the Christmas break to help local parents at this busy time

The Christmas party for the after-school children is now an annual event with an entertainer; this year it was again funded by a donation from a parent. The nursery children enjoyed a visit to the local mother and toddler group to join in with their Christmas party where they got to meet Santa.

We have further cut back on the use of paper, making ourselves even more environmentally friendly. We continue to use our email system to keep parents informed about activities. We also continue to use Tapestry, an online record keeping system for each child, which means parents have easy quick access to their child's development and reports instead of waiting upon hand written information.

Unfortunately due to Covid19 planning of any fundraising in the current pandemic is not possible.

Page 1

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020

FINANCIAL REVIEW

We hold monies in our high interest account of £88402.36 after transferring £35000 in August, all of which is unrestricted funds. The financial security depends upon the number of children attending our setting and also external economic conditions and changes.

The committee has set a reserve policy which requires approximately six months running costs. Though we remain confident of the future this ensures that our core activities can continue during any period of unforeseen difficulties.

Our main sources of income are the free entitlement hours funded by the government and fees paid by parents for our facilities. We are registered for parents who satisfy certain criteria, to claim the free entitlement grant for 2 year olds alongside the children who claim the 3 to 4 year olds' grant. In accordance with our policies we accept children from two and a half years of age. We now also offer the 30 hours free entitlement alongside the universal 15 hours for all 3 to 4 year olds who meet the criteria. We constantly monitor our operating costs to make our fees competitive and as affordable as possible for the parents/carers of our children.

During the Covid19 pandemic our setting has remained open throughout. We operated as a HUB for the area during lockdown relying on three members of staff to run the HUB, with the remainder of our staff working from home, completing children's records and online training. The funding grants have also continued throughout. In June we resumed as a nursery and throughout the summer as a holiday club. Our staffing levels have been significantly higher since returning to a nursery in order to adhere to the strict cleaning procedures and staff cover needed to maintain the bubbles of children. We have had to adjust our procedures to maintain and follow all government guidelines with regard to the pandemic.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Our constitution was adopted on 26th November 2015. Trustees can join the committee throughout the year at meetings. Office bearers are appointed or reappointed annually at the Annual General Meeting held in November.

We have policies and procedures in place including safeguarding. All members have disclosure checks carried out prior to joining the committee. We are also members of pre-school learning alliance and the NDNA

As training is no longer free from Children's Services the cost is now included in the annual budget. We have used online courses and courses arranged by the local NDNA branch to keep the costs down.

Our Ofsted inspection in November 2016 resulted in us maintaining our "Good" rating. We continue to achieve good assessments from Cumbria Children's Services.

We have very close links to the local school - we run their breakfast and after school clubs. We also have regular contact with the local Cumbria Wildlife farm. We again took part in their "Learning in the Woods" very similar to forest school, the children thoroughly enjoying the experience which included a camp fire.

As trustees we are aware it is our responsibility to identify, assess and manage risks. This we do on a daily basis by monitoring our procedures and systems so that any issues are identified and managed as early as possible restricting the impact upon the nursery or its future stability. We have increased our reserves in our high interest account to counter balance the uncertainty within the country at the present time. As the present political and financial climate are uncertain and this being such an important and sensitive subject we were planning to further strengthen our risk management system by introducing a risk register this year. This however has been delayed this year due to unforeseen pandemic resulting in being unable to allocate the personnel to complete the task. This will be a priority the coming year.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1069874

Principal address

Jackson Road Houghton Carlisle Cumbria CA3 0NX

Page 2

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020

Trustees

G Hewitt C Birrell Mrs T Woollerton H Jones D Hadley (resigned 28.2.20)

Independent Examiner

Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ

Approved by order of the board of trustees on 2 December 2020 and signed on its behalf by:

C Birrell - Trustee

Page 3

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOUGHTON NURSERY GROUP

Independent examiner's report to the trustees of Houghton Nursery Group

I report to the charity trustees on my examination of the accounts of Houghton Nursery Group (the Trust) for the year ended 31 August 2020.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all 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 no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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.

Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ

3 December 2020

Page 4

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
151
Charitable activities
Nursery
165,794
Other trading activities
2
673
Investment income
3
98
Total
166,716
EXPENDITURE ON
Raising funds
322
Charitable activities
Nursery
126,551
Other
4,656
Total
131,529
NET INCOME
35,187
RECONCILIATION OF FUNDS
Total funds brought forward
126,629
TOTAL FUNDS CARRIED FORWARD
161,816
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
297,990
297,990
31.8.20
Total
funds
£
151
165,794
673
98
166,716
322
126,551
4,656
131,529
35,187
424,619
459,806
31.8.19
Total
funds
£
125
126,635
571
94
127,425
1,077
106,728
4,732
112,537
14,888
409,731
424,619

The notes form part of these financial statements

Page 5

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

BALANCE SHEET 31 AUGUST 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
13,148
CURRENT ASSETS
Debtors
8
3,457
Cash at bank and in hand
148,559
152,016
CREDITORS
Amounts falling due within one year
9
(3,348)
NET CURRENT ASSETS
148,668
TOTAL ASSETS LESS CURRENT
LIABILITIES
161,816
NET ASSETS
161,816
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
fund
£
297,990
-
-
-
-
-
297,990
297,990
31.8.20
Total
funds
£
311,138
3,457
148,559
152,016
(3,348)
148,668
459,806
459,806
161,816
297,990
459,806
31.8.19
Total
funds
£
311,512
4,687
110,647
115,334
(2,227)
113,107
424,619
424,619
126,629
297,990
424,619

The financial statements were approved by the Board of Trustees and authorised for issue on 2 December 2020 and were signed on its behalf by:

C Birrell - Trustee

The notes form part of these financial statements

Page 6

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - in accordance with the property Fixtures and fittings - 25% on reducing balance and 15% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 7

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
31.8.20 31.8.19
£ £
Fundraising events 673 571
INVESTMENT INCOME
31.8.20 31.8.19
£ £
Deposit account interest 98 94

3. INVESTMENT INCOME

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Nursery
No employees received emoluments in excess of £60,000.
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
125
Charitable activities
Nursery
126,635
Other trading activities
571
Investment income
94
Total
127,425
EXPENDITURE ON
Raising funds
1,077
Charitable activities
Nursery
106,728
Other
4,732
Total
112,537
31.8.20

10
Restricted
fund
£
-
-
-
-
-
-
-
-
-
31.8.19
9
Total
funds
£
125
126,635
571
94
127,425
1,077
106,728
4,732
112,537

continued...

Page 8

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
NET INCOME
14,888
-
RECONCILIATION OF FUNDS
Total funds brought forward
111,741
297,990
TOTAL FUNDS CARRIED FORWARD
126,629
297,990
7.
TANGIBLE FIXED ASSETS
Fixtures
Long
and
leasehold
fittings
£
£
COST
At 1 September 2019
301,317
35,190
Additions
-
1,391
At 31 August 2020
301,317
36,581
DEPRECIATION
At 1 September 2019
-
24,995
Charge for year
-
1,765
At 31 August 2020
-
26,760
NET BOOK VALUE
At 31 August 2020
301,317
9,821
At 31 August 2019
301,317
10,195
Total
funds
£
14,888
409,731
424,619
Totals
£
336,507
1,391
337,898
24,995
1,765
26,760
311,138
311,512
Total
funds
£
14,888
409,731
424,619

Long Leasehold property is not amortised as the building is maintained to a high standard and after seeking legal advice the trustees are satisfied that the lease will be renewed because of the close relationship between the Nursery and School, and the C of E.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20 31.8.19
£ £
Trade debtors 2,740 3,738
Prepayments 717 949
3,457 4,687

continued...

Page 9

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020

9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
10.
MOVEMENT IN FUNDS
At 1.9.19
£
Unrestricted funds
General fund
126,629
Restricted funds
Restricted Funds
297,990
TOTAL FUNDS
424,619
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
166,716
TOTAL FUNDS
166,716
Comparatives for movement in funds
At 1.9.18
£
Unrestricted funds
General fund
111,741
Restricted funds
Restricted Funds
297,990
TOTAL FUNDS
409,731
31.8.20
31.8.19
£
£
3,348
2,227
Net
movement
At
in funds
31.8.20
£
£
35,187
161,816
-
297,990
35,187
459,806
Resources
Movement
expended
in funds
£
£
(131,529)
35,187
(131,529)
35,187
Net
movement
At
in funds
31.8.19
£
£
14,888
126,629
-
297,990
14,888
424,619

continued...

Page 10

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
127,425
127,425
Resources
Movement
expended
in funds
£
£
(112,537)
14,888
(112,537)
14,888
Resources
Movement
expended
in funds
£
£
(112,537)
14,888
(112,537)
14,888
14,888

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS
At 1.9.18
£
111,741
297,990
409,731
Net
movement
in funds
£
50,075
-
50,075
At
31.8.20
£
161,816
297,990
459,806

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
294,141
294,141
Resources
Movement
expended
in funds
£
£
(244,066)
50,075
(244,066)
50,075
Resources
Movement
expended
in funds
£
£
(244,066)
50,075
(244,066)
50,075
50,075

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2020.

Page 11

DocuSign Envelope ID: 46CFA975-CFC9-484D-B2AD-5817571979F6

HOUGHTON NURSERY GROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020

31.8.20 31.8.19
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 1 -
Donations 150 125
151 125
Other trading activities
Fundraising events 673 571
Investment income
Deposit account interest 98 94
Charitable activities
Nursery fees 44,785 47,092
Grants- Nursery 121,009 79,543
165,794 126,635
Total incoming resources 166,716 127,425
EXPENDITURE
Other trading activities
Purchases 322 1,077
Charitable activities
Wages 104,342 84,000
Rates and water 1,307 1,232
Insurance 1,260 1,219
Light and heat 1,556 1,433
Telephone 596 646
Sundries 1,796 2,207
Purchases 4,197 4,961
Other costs 7,438 6,758
Repairs and renewals 2,293 2,361
Fixtures and fittings 1,766 1,911
126,551 106,728
Support costs
Governance costs
Sundries 1,512 1,821
Accountancy and legal fees 3,144 2,911
4,656 4,732
Total resources expended 131,529 112,537
Net income 35,187 14,888

This page does not form part of the statutory financial statements

Page 12

Certificate Of Completion

Envelope Id: 46CFA975CFC9484DB2AD5817571979F6 Subject: H0001-Final charity accounts for electronic signature Source Envelope: Document Pages: 15 Signatures: 3 Certificate Pages: 2 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Tattersall Bailey 14A Main Street Cockermouth, Cumbria CA13 9LQ info@tbc.uk.com IP Address: 176.35.139.203

Record Tracking

Status: Original Holder: Tattersall Bailey Location: DocuSign 07 December 2020 | 11:42 info@tbc.uk.com Signer Events Signature Timestamp Christine Birrell Sent: 07 December 2020 | 11:46 admin@houghtonnursery.com Viewed: 09 December 2020 | 06:42 Security Level: Email, Account Authentication Signed: 09 December 2020 | 06:43 (None) Signature Adoption: Pre-selected Style Using IP Address: 81.151.69.214 Electronic Record and Signature Disclosure: Not Offered via DocuSign Luke Tattersall Sent: 09 December 2020 | 06:43 luke.tattersall@tbc.uk.com Viewed: 09 December 2020 | 14:12 Director Signed: 09 December 2020 | 14:13 Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 176.35.139.203

Electronic Record and Signature Disclosure: Not Offered via DocuSign

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Joanne Batey Sent: 09 December 2020
joanne.batey@tbc.uk.com
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 07 December 2020
Certified Delivered Security Checked 09 December 2020
Signing Complete Security Checked 09 December 2020
Completed Security Checked 09 December 2020
Payment Events Status Timestamps