REGISTERED COMPANY NUMBER: 04001165 (England and Wales)
REGISTERED CHARITY NUMBER: 1088332
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020
FOR
YORKIES DAYCARE
(A COMPANY LIMITED BY GUARANTEE)
Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
YORKIES DAYCARE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020
|
Page |
|
Reference and Administrative Details |
1 |
|
Report of the Trustees |
2 to |
4 |
Independent Examiner's Report |
5 |
|
Statement of Financial Activities |
6 |
|
Statement of Financial Position |
7 to |
8 |
Notes to the Financial Statements |
9 to |
13 |
Detailed Statement of Financial Activities |
14 |
|
YORKIES DAYCARE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST AUGUST 2020
TRUSTEES
TRUSTEESD Szanto
L Mitchell
D Frainer
COMPANY SECRETARYL Mitchell
REGISTERED OFFICEYork Road Nursery
York Road
Hitchin
Hertfordshire
SG5 1XA
REGISTERED COMPANY NUMBER 04001165 (England and Wales)
REGISTERED CHARITY NUMBER 1088332
INDEPENDENT EXAMINERWags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
YORKIES DAYCARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
The trusteeswho are also directorsof the charityfor the purposesof the CompaniesAct 2006,presenttheir report with
thefinancialstatementsofthecharityfortheyearended31stAugust2020.Thetrusteeshaveadoptedthe provisions
ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
In this financialyear we have providedfree wraparoundcare for a total of tenchildren,and we continueto offer places
andsessionsfreeofchargewhentheneedarisesorinemergenciessuchasparentsorcarersrequiring childcare
arrangementstoattendhospitalappointments.Wealsoofferrespitewherecloseorimmediatefamilymembers are
chronicallyor gravelyill. We alsoofferchildcarewherea parentor carerneeds to attendfunerals.Manyof our parents
have no familyin the area, we have also providedextra sessionsfor parentswhen a new baby has arrived.Four of these
childrenwereofferedfreeplacesduetofinancialdifficultiesineitherpayingforchildcareornotbeingableto access
childcaredue tostartingnewjobsormovingintoemploymentafterbeingunemployed.Twochildrenwereoffered full
timespacesduetoa familybreakdowncomplicatedby a parent'spoormentalhealth.Onechildwasgivena 30 hour
entitlement when HMRC made a mistake in calculating benefits and resumed a paid for place when this was sorted out.
Five childrenwere given a varietyof free sessionsso parentsand siblingscould attendhospitalappointments.One child
receivedbreakfastandeveningmealswithustoalleviatefoodpovertyinthefamily,thiscontinuedtobethe case
throughthesummerholidayswhenwe wereabletoreopenafterCovidrestrictions.Anothervulnerablefamilywith a
non-verbalchildweregivenextrafreesessionstoenabletheworkdoneatNurseryinimprovingthe child's
communicationto continuefora longerperiodof time.Twootherchildrenweregivenfreespacewhentheir mothers
werehospitalisedaftergivingbirthwithnoimmediatefamilyaroundtohelp.Wecontinuetoreinforceourlinks with
theschoolandcurrentlyhavetwomembersofstaffonthe'ProtectingVulnerableGroups'committeeinorder that
referralsrequiredto supportvulnerablefamiliescomethroughin a moretimelymannerand so thatwe are on hand to
beabletoofferspacewhenandwhereitisneeded.ThenewlyopenedPreSchoolwhichtakesfundedfamilies is
working with us to benchmark help where it may be required when the child moves to Nursery.
WecontinuetoencourageParentsofbothYorkiesandtheschooltospeaktousiftheyhavechangingor challenging
circumstances,for exampleparentalillness,and the effectsof redundancyand furloughon our families.We expect our
charityspacestobemoreindemandasthefurloughschemeends,andfeelwellplacedtohelpourfamiliesin the
comingyear.Presentcircumstancessurroundingthe pandemichave increasedthe need for charitablespacesand when
we have been allowed to open we have managed to prioritise the families that need us the most.
Page 2
YORKIES DAYCARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
OBJECTIVES AND ACTIVITIES
Public benefit
Thetrusteeshavecompliedwiththedutyinsection4oftheCharitiesAct2011andhaveregardtothepublic benefit
guidance as issued by the Charity Commission as shown in the objectives above.
We havereferredto the guidanceon publicbenefitwhen reviewingour aimsand objectivesand in planningour future
activitiesin particular,the Trusteesconsiderhowplannedactivitieswill contributeto the aimsand objectivesthat they
have set.
This public benefitstatementformsthe basis for all judgementsregardingoperationalreportsto the Boardmeetings, in
ordertobe reassuredthatthefacilitiesandservicescurrentlymanagedbythecharitycontinuetomeetthese criteria.
At thesemeeting,theFinancialControlleralsopresentsthequarterlyfinancialpositionincludingtakingaccountof any
restricted funds and the Charity's status as a going concern.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
YorkiesareprovidingremunerationtowardsrepairsandrenewalsatYorkRoadNurserySchoolastheschool has
sufferedfromEducationBudgetcutsandthefabricofthebuildingwasoldandinneedofrepair,theareas we
contributedto includeda new floor in one of the classrooms,the extensionof an under coverarea so we can be outside
inallweathers,therenovationoftheclassroomsthatYorkiesusetoincorporatebetterstorageforartareas,and the
renovationof the role play 'homearea'to includechild sized furniture.Yorkiesalso contributedto the relocationof the
libraryanda 'quietarea'forchildrentoenjoythebooksfromourlibrary.Wearestillmakingprovisiontosupport the
school and to replace equipment that is old or damaged.
We aimtocontinuetoshareourequipmentand expertisewiththelocalcommunity,boththroughtheNursery School
and community activities through the Family Centre . These include 'stay and play' sessions.
Thetrusteeshavecompliedwiththeirdutyin havingdue regardtotheguidanceon publicbenefit,as publishedby the
Charity Commission, in exercising their powers and duties.
Developmental achievements
Inadditiontofinancialachievements,developmentalachievementbythechildrenthatattendedYorkiesinthis year
showed outstanding progress for all children in the Early Years Foundation Stage.
FINANCIAL REVIEW
Financial position
Thisyeartotalincomingresourcesamountedto£212,100(2019-£241,987),whilsttotalexpenditureamounted to
£222,012(2019- £253,940).Thisresultedin netexpenditurefortheyearof£9,912comparedtoa netexpenditure of
£11,953 in 2019.
The trustees are grateful to all those who have contributed in any way to achievement of these results.
Page 3
YORKIES DAYCARE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2020
FINANCIAL REVIEW
Reserves policy
TheMemorandumofAssociationhasestablishedthatwherethefinancialbalances(sumofunrestrictedfunding and
restrictedsalaryfunds) fall belowa valueequivalentto two monthswage costsagainstknownprojectedincome figures
acommitteemeetingwillbeconvened,withH.C.CEarlyChildhoodUnitinvitedtoattend.Thetrusteeswill consider
how funds can be replaced.Currentlythe financialbalancesare £89,380(2019- £99,292)whichis abovethe valueof 6
(2019 - 7) months' wages costs against known projected income figures.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Newtrusteesarenominatedbymembersoftheboardoftrustees,interviewedbyapaneloftrusteesand appointed
where they have the necessary skills to contribute to the charity's management and development.
Thisreporthasbeenpreparedin accordancewiththespecialprovisionsofPart15oftheCompaniesAct2006 relating
to small companies.
Approved by order of the board of trustees on 16th April 2021 and signed on its behalf by:
D Frainer - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YORKIES DAYCARE
Independent examiner's report to the trustees of Yorkies Daycare ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st August 2020.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Havingsatisfiedmyselfthatthe accountsof the Companyare not requiredto be auditedunderPart16 of the 2006 Act
and are eligiblefor independentexamination,I reportin respectof my examinationof your charity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S L Cuzner ACA FCCA
Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
5th May 2021
Page 5
YORKIES DAYCARE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2020
2020
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Other trading activities
3
211,575
Investment income
4
525
Total
212,100
EXPENDITURE ON
Charitable activities
Administrative expenses
222,012
NET INCOME/(EXPENDITURE)
(9,912)
RECONCILIATION OF FUNDS
Total funds brought forward
99,292
TOTAL FUNDS CARRIED FORWARD
89,380 |
2019
Total
funds
£
46
241,430
511
241,987
253,940
(11,953)
111,245
99,292 |
|
|
The notes form part of these financial statements
Page 6
YORKIES DAYCARE (REGISTERED NUMBER: 04001165)
STATEMENT OF FINANCIAL POSITION 31ST AUGUST 2020
2020
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
10
39,886
Cash at bank and in hand
83,853
123,739
CREDITORS
Amounts falling due within one year
11
(34,359)
NET CURRENT ASSETS
89,380
TOTAL ASSETS LESS CURRENT LIABILITIES
89,380
NET ASSETS
89,380
FUNDS
Unrestricted funds
89,380
TOTAL FUNDS
89,380 |
2019
Total
funds
£
12,577
130,381
142,958
(43,666)
99,292
99,292
99,292
99,292
99,292 |
|
|
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006forthe year
ended 31st August 2020.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31st August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
YORKIES DAYCARE (REGISTERED NUMBER: 04001165)
STATEMENT OF FINANCIAL POSITION - continued 31ST AUGUST 2020
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 16thApril 2021and were
signed on its behalf by:
D Frainer - Trustee
The notes form part of these financial statements
Page 8
YORKIES DAYCARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020
1. STATUTORY INFORMATION
YorkiesDaycareisacharityandcompanylimitedbyguarantee,bothregisteredinEnglandandWales. The
charityandcompanyregistrationnumbers,alongwiththeregisteredofficeaddress,canbefoundwithin the
reference and administrative details on page one.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedin accordancewiththe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein theUKandRepublicofIreland(FRS102)(effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein theUKandRepublicofIreland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The financial statements have been prepared on a going concern basis.
Critical accounting estimates and judgements
Nosignificantjudgementsorestimateshavehadtobemadebythetrusteesinpreparingthese financial
statements.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedto particularheadingsthey have been allocatedto activitieson a basis consistentwith the use
of resources.
Grantsofferedsubjectto conditionswhichhavenot been metat the yearend dateare notedas a commitment
but not accrued as expenditure.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesin ordertowriteoffeachassetoveritsestimated useful
life.
Improvements to property- 25% on cost
Fixtures and fittings- 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Page 9
YORKIES DAYCARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe 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.
3. OTHER TRADING ACTIVITIES
Childcare fees
Full time discount
Government grants
INVESTMENT INCOME
Interest received |
2020
£
190,930
-
20,645
211,575
2020
£
525 |
2019
£
242,250
(820)
-
241,430
2019
£
511 |
|
|
|
4. INVESTMENT INCOME
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2020 |
|
2019 |
|
£ |
|
£ |
Depreciation - owned assets |
|
- |
710 |
Page 10
YORKIES DAYCARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020
6. TRUSTEES' REMUNERATION AND BENEFITS
ThetrusteesLMitchell,RBoydenandDFrainerwerepaidemolumentstotalling£16,263(2019-£37,708) for
servicesprovidedbythemtothecharity.Suchpaymentsweremadedirectlybythecharityandcarried no
further benefit or remuneration.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stAugust2020norfortheyear ended
31st August 2019.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
8.
Average monthly number of employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Administrative expenses
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward |
2020
2019
17
15
Unrestricted
fund
£
46
241,430
511
241,987
253,940
(11,953)
111,245 |
|
|
Page 11
YORKIES DAYCARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED FORWARD
9.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
Cost
At 1st September 2019 and
31st August 2020
14,985
Depreciation
At 1st September 2019 and
31st August 2020
14,985
Net book value
At 31st August 2020
-
At 31st August 2019
-
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income |
Unrestricted
fund
£
99,292
Fixtures
and
fittings
Totals
£
£
3,554
18,539
3,554
18,539
-
-
-
-
2020
2019
£
£
35,616
8,349
4,270
4,228
39,886
12,577 |
|
|
Page 12
YORKIES DAYCARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income |
2020
£
6,980
937
4,354
22,088
34,359 |
2019
£
14,722
1,346
3,428
24,170 |
|
|
43,666 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2020.
Page 13
YORKIES DAYCARE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2020
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Other trading activities
Childcare fees
Full time discount
Government grants
Investment income
Interest received
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Wages
Catering
Recruitment expenses
Rent
Insurance
Office costs
Administration costs
Activity and material costs
Other staff costs
Management fees
Payroll services
Fixtures and fittings
Grants to institutions
Total resources expended
Net expenditure |
2020
£
-
190,930
-
20,645
211,575
525
212,100
16,263
153,962
6,296
514
19,000
385
5,606
431
9,926
369
7,278
1,982
-
-
222,012
222,012
(9,912) |
2019
£
46
242,250
(820)
-
241,430
511
241,987
37,708
130,804
7,348
296
16,900
380
12,122
1,102
6,480
1,690
7,289
547
711
30,563
253,940
253,940
(11,953) |
|
|
|
This page does not form part of the statutory financial statements
Page 14