HIGHWAYS AT HAMSTREET ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020 ## **HIGHWAYS AT HAMSTREET** ## **LEGAL AND ADMINISTRATIVE DETAILS** |Trustees
|Jane Macey| |---|---| ||Maggie Keenan| ||Jemma Thompson| ||Jenna Newham| ||Rebecca Docherty| ||Michaela Morris| ||Jemma Cope| |Secretary|Jemma Thompson| |Charity Number|1089979| |Governing Document|Pre-school Learning Alliance| ||Pre-school Constitution 1999| |Objects|To enhance the development and education of| ||children primarily under statutory school age by| ||encouraging parents to understand and provide for| ||the needs of the children through community| ||groups and by instigating and adhering to, and| ||furthering the aim of Pre-school Learning Alliance.| |Principal Address|Highways at Hamstreet| ||Hamstreet Nr Ashford| ||Kent| ||TN26 2EA| |Independent examiner|B.V.Symonds| ||Little Orchards| ||Sandyhurst Lane| ||Ashford| ||Kent| |Principal bankers|Lloyds TSB| ||High Street| ||Ashford| ||Kent| **HIGHWAYS AT HAMSTREET INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** Page Trustees report 1 Independent examiners report 2 Statement of financial activities 3 Balance Sheet 4 Notes to the accounts 5-8 ## **HIGHWAYS AT HAMSTREET** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 JULY 2020** The trustees present herewith their report and the accounts, which have been prepared in accordance with current statutory requirements for the year ended 31 July 2020. ## **Review of the year** The Nursery had a very difficult and challenging year due to the pandemic. An Ofsted inspection I January produced a further outstanding result. The Nursey was closed and opened in line with Government requirement, with staff being furloughed as and when, but childcare was offered to critical workers children throughout. It was another busy year for Fund Raising, including a successful Pudding Promises evening and the Nursery is still in a healthy financial position. The trustees would like to thank everyone involved in the Nursery for their continued help and support. ## **Result** The surplus for the year amounted to £1,513 (2019 Surplus £1,766) ## **LIST OF TRUSTEES** Chairperson Jenna Newham Treasurer Michaela Morris Secretary Jemma Thompson Officer s Maggie Keenan Jane Macey Rebecca Docherty Jemma Cope By order of the trustees **HIGHWAYS AT HAMSTREET REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF HIGHWAYS AT HAMSTREET FOR THE YEAR ENDED 31 JULY 2020** I report on the accounts of the charity for the year ended 31 July 2020 which are set out on pages 3-8 ## **Respective responsibilities of trustees and examiner** The nursery’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for the year under section 43 (2) of the Charities Act 1993, and that an independent examination is needed. It is my responsibility to issue the report on these accounts. ## **Basis of independent examiners report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners under Section 43 (7) (b) of the Charities Act 1993. The examination includes a review of the accounting records kept by the nursery and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention 1, Which gives me reasonable cause to believe that in any material respect the requirement to keep accounting records in accordance with Section 41 of the Charities Act 1993 and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act 1993 have not been met or: 2, To which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached. B.V.SYMONDS Little Orchards Sandyhurst Lane Ashford Kent TN25 4NT Page 5 ## **HIGHWAYS AT HAMSTREET** ## 1. **ACCOUNTING POLICIES** - (a) Basis of Accounting – These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities (the Charities “S.O.R.P”). - (b) Voluntary income received by way of donations is included in the Statement of Financial Activities (the S.O.F.A) when received. - (c) Gross fund raising income from events organised by the nursery itself is included in the SOFA when received. - d) Premises overheads are aggregated and allocated to the various functional activities of the nursery on a percentage basis determined by the Trustees and disclosed in a note. - e) Any costs which cannot be specifically identified to another functional activity of the nursery are included in the management and administration function. - f) The Trustees decided to provide depreciation from inception on all tangible fixed assets of material value held by the nursery on a straight line basis so as to write off their cost over their estimated useful lives as follows:- Fixtures and Fittings 5 years Plant and Equipment 5 years - g) No provision for taxation is included in the accounts as the nursery is entitled to the exemption from tax afforded by Section 505 of the Income and Corporation Taxes Act 1988. |||Page 6| |---|---|---| ||**HIGHWAYS AT HAMSTREET**|| |||2020 2019| |||£ £| |**2.**|**OVERHEADS**|| ||Light and Heat|1,732 2,080| ||Insurance|1,593 2,604| ||Telephone|496 720| ||Repairs and Renewals|1,435 2,730| ||Cleaning and Housekeeping|397 676| ||Depreciation|939 1,204| |||-------- --------| ||TOTAL FOR YEAR|6,592 10,014| |||===== =====| ||Allocated to|| ||Direct Charitable Expenditure|6,092 9,014| ||Fund Raising and Publicity|250 500| ||Management and Administration|250 500| |||------- --------| ||TOTAL ALLOCATION FOR YEAR|6,592 10,014| |||===== =====| |**3.**|**DIRECT CHARITABLE EXPENDITURE**|| ||Materials|5,699 6,706| ||Rent|1,748 12,505| ||Wages|121,673 134,408| ||Lunches|5,506 8,711| ||Uniforms|627 791| ||Tea Towels|- -| ||Photos|88 -| ||Books and Toys|- -| ||Computer Costs|285 390| ||Share of Premises Overheads|6,092 9,014| |||-------- --------| |||141,718 172,525| |||====== =====| |**4.**|**FUND RAISING AND PUBLICITY COSTS**|| ||Fund Raising Expenses|- -| ||Share of Premises Overheads|250 500| |||------- -------| |||250 500| |||==== ====| Page 7 |||**HIGHWAYS AT HAMSTREET**|**HIGHWAYS AT HAMSTREET**|| |---|---|---|---|---| ||||2020 2019|| ||||£ £|| |**5.**|**MANAGEMENT AND ADMINISTRATION COSTS**|||| ||Postage, Printing and Stationery||124 304|| ||Miscellaneous Expenses||1,567 1,019|| ||Share of Premises|Overheads|250 500|| ||||-------- -------|| ||||1,941 1,823|| ||||===== ====|| |**6.**|**TANGIBLE FIXED**|**ASSETS**||| |||Fixtures &|Plant &|Total| |||Fittings|Equipment|| ||**Cost**|||| ||Balance b/f|14,870|19,396|34,266| ||Additions in year|-|-|-| |||______|_____|______| ||At 31 July 2019|14,870|19,396|34,266| |||======|=====|======| ||**Depreciation**|||| ||Balance b/f|14,869|15,588|30,457| ||Charge for year|-|939|939| |||______|_____|______| ||At 31 July 2019|14,869|16,527|31,396| |||======|=====|======| ||**Net Book Value**|||| ||At 31 July 2020|1|2,869|2,870| |||=====|=====|=====| ||At 31 July 2019|1|3,808|3,809| |||======|=====
|======| |**7.**|**RECONCILIATION OF FUNDS**|||**TOTAL**| |||||£| ||At 1 August 2019|||62,130| ||Surplus-Year ended 31 July 2020|||1,513| |||||---------| |||||63,643| |||||=====| Page 8 ## **HIGHWAYS AT HAMSTREET** ## **8. STAFF COSTS AND NUMBERS** There were (2020-9) staff employed by the charity during the year at a cost of £121,673 (2019-£134,408). ## **9. TRUSTEES REMUNERATION AND EXPENSES** None of the charity’s trustees were directly or indirectly remunerated in any way. It is the policy of the charity to reimburse in full all expenses incurred by its trustees and committee members in connection with its charitable activities. During the year the total amount reimbursed to Trustees and committee members in respect of telephone, postage and other similar expense is reflected in notes 3 and 5. ## **10. FUND RAISING ACTIVITIES** Set out below is the net income generated from the respective fund raising activities during the year. 2020 2019 £ £ Various others 2,494 3,286 ------ -----2,494 3,286 ------- ------ ## **11. FUNDS** The total funds of the charity are all unrestricted. We hereby accept adopt and approve the attached statement of financial activities for the period ended 31 July 2020 and the balance sheet as at 31 July 2020 together with the notes to the accounts. …………………………… Chairperson …………………… Secretary Page 3 ## **HIGHWAYS AT HAMSTREET** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 JULY 2020** ALL FUNDS ALL FUNDS 2020 2019 INCOMING RESOURCES £ £ Nursery Fees 125,984 152,337 Lunches 5,655 8,814 Uniforms 628 1,022 Tea Towels - - Fund Raising 2,494 3,286 Grants 10,000 11,043 Donations - - Photographs 459 300 Bank Interest 15 12 ---------- ---------TOTAL INCOMING RESOURCES 145,422 176,814 ====== ====== RESOURCES EXPENDED Direct Charitable Expenditure 141,718 172,525 Fund Raising and Publicity Costs 250 500 Management and Administration Costs 1,941 1,823 --------- ---------143,909 175,048 ====== ====== NET INCOMING RESOURCES FOR YEAR 1,513 1,766 --------- --------FUND BALANCE CARRIED FORWARD AT 31 JULY 63,643 62,130 ====== ====== Page 4 ## **HIGHWAYS AT HAMSTREET** ## **BALANCE SHEET** **AS AT 31 JULY 2020** 2020 2019 £ £ TANGIBLE FIXED ASSETS 2,870 3,809 ------- -------CURRENT ASSETS Stock 1,795 1,924 Sundry Debtors 1,130 1,515 Cash at Bank 63,479 55,811 Cash in Hand - - --------- --------66,404 59,250 ====== ====== CURRENT LIABILITIES Creditors 360 360 Deferred Income 5,271 569 ----------- --------5,631 929 ======= ====== NET CURRENT ASSETS 60,773 58,321 ---------- --------TOTAL ASSETS LESS CURRENT LIABILITIES 63,643 62,130 ====== ====== REPRESENTED BY GENERAL FUNDS 63,643 62,130 ====== ====== ## **HIGHWAYS AT HAMSTREET** ## **INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 JULY 2020** 2020 2019 **INCOME** £ £ £ Nursery Fees 125,984 152,337 Lunches 5,655 8,814 Uniforms 615 1,022 Tea Towels - - Fund Raising 2,494 3,286 Grants 10,000 11,043 Donations 200 - Photographs 459 300 Bank Interest 15 12 --------- --------145,422 176,814 ---------- ---------- **EXPENDITURE** Materials 5,699 6,706 Rent 1,748 12,505 Wages 121,673 134,408 Lunches 5,506 8,711 Uniforms 627 791 Photos 88 200 Books & Toys - - Insurance 1,593 2,604 Light & Heat 1,732 2,080 Printing, Postage & Stationery 124 304 Telephone 496 720 Computer Costs 285 390 Repairs & Renewals 1,435 2,730 Cleaning & Housekeeping 397 676 Legal and Professional 360 360 Depreciation 939 1,204 Miscellaneous Expenses 1,207 659 ---------- -------143,909 175,048 ---------- --------- **NET (DEFICIT)/SURPLUS for year 1,513 1,766** ====== ======