HIGHWAYS AT HAMSTREET ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2021 ## **HIGHWAYS AT HAMSTREET** ## **LEGAL AND ADMINISTRATIVE DETAILS** Trustees Jane Macey Maggie Keenan Jemma Thompson Jenna Newham Bogusia Spitty Michaela Morris 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 PERIOD ENDED 31 AUGUST 2021** 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 AUGUST 2021** The trustees present herewith their report and the accounts, which have been prepared in accordance with current statutory requirements for the period ended 31 August 2021. ## **Review of the period** The Nursery had a very successful year following on from the pandemic. The Nursey continued with the collaboration which is still running well. There were 2 Raffles held during the year which helped to boost funds 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 period amounted to £7,757 (2020 Surplus £1,513) ## **LIST OF TRUSTEES** Chairperson Jenna Newham Treasurer Michaela Morris Secretary Jemma Thompson Officer s Maggie Keenan Jane Macey Bogusia Spitty By order of the trustees **HIGHWAYS AT HAMSTREET REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF HIGHWAYS AT HAMSTREET FOR THE PERIOD ENDED 31 AUGUST 2021** I report on the accounts of the charity for the period ended 31 August 2021 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**|**HIGHWAYS AT HAMSTREET**| |---|---|---| |||2021 2020| |||£ £| |**2.**|**OVERHEADS**|| ||Light and Heat|1,908 1,732| ||Insurance|1,631 1,593| ||Telephone|499 496| ||Repairs and Renewals|1,521 1,435| ||Cleaning and Housekeeping|591 397| ||Depreciation|857 939| |||-------- --------| ||TOTAL FOR YEAR|7,007 6,592| |||===== =====| ||Allocated to|| ||Direct Charitable Expenditure|6,407 6,092| ||Fund Raising and Publicity|300 250| ||Management and Administration|300 250| |||------- --------| ||TOTAL ALLOCATION FOR YEAR|7,007 6,592| |||===== =====| |**3.**|**DIRECT CHARITABLE EXPENDITURE**|| ||Materials|5,340 5,699| ||Rent|4,208 1,748| ||Wages|126,875 121,673| ||Lunches|4,664 5,506| ||Uniforms|1,008 627| ||Tea Towels|- -| ||Photos|- 88| ||Books and Toys|3,628 -| ||Computer Costs|296 285| ||Share of Premises Overheads|6,407 6,092| |||-------- --------| |||152,426 141,718| |||====== =====| |**4.**|**FUND RAISING AND PUBLICITY COSTS**|| ||Fund Raising Expenses|207 -| ||Share of Premises Overheads|300 250| |||------- -------| |||507 250| |||==== ====| Page 7 ||**HIGHWAYS AT HAMSTREET**|**HIGHWAYS AT HAMSTREET**|**HIGHWAYS AT HAMSTREET**|| |---|---|---|---|---| ||||2021 2020|| ||||£ £|| |**5.**|**MANAGEMENT AND ADMINISTRATION COSTS**|||| ||Postage, Printing and Stationery||100 124|| ||Miscellaneous Expenses||1,874 1,567|| ||Share of Premises Overheads||300 250|| ||||-------- -------|| ||||2,274 1,941|| ||||===== ====|| |**6.**|**TANGIBLE FIXED ASSETS**|||| |||Fixtures &|Plant &|Total| |||Fittings|Equipment|| ||**Cost**|||| ||Balance b/f|14,870|19,396|34,266| ||Additions in period|-|-|-| |||______|_____|______| ||At 31 August 2021|14,870|19,396|34,266| |||======|=====|======| ||**Depreciation**|||| ||Balance b/f|14,869|16,527|31,396| ||Charge for period|-|857|857| |||______|_____|______| ||At 31 August 2|14,869|17,384|32,253| |||======|=====|======| ||**Net Book Value**|||| ||At 31 August 2021|1|2,012|2,013| |||=====|=====|=====| ||At 31 July 2020|1|2,869|2,870| |||======|=====
|======| |**7.**|**RECONCILIATION OF FUNDS**|||**TOTAL**| |||||£| ||At 1 August 2020|||63,643| ||Surplus-Period ended 31 August 2021|||7,757| |||||---------| |||||71,400| |||||=====| Page 8 ## **HIGHWAYS AT HAMSTREET** ## **8. STAFF COSTS AND NUMBERS** There were (2021-9) staff employed by the charity during the year at a cost of £126,875 (2019-£121.673). ## **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 period. 2021 2020 £ £ Various others 2,013 2,494 ------ -----2,013 2,494 ------- ------ ## **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 August 2021 and the balance sheet as at 31 August 2021 together with the notes to the accounts. …………………………… Chairperson …………………… Secretary Page 3 ## **HIGHWAYS AT HAMSTREET** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE PERIOD ENDED 31 AUGUST 2021** ALL FUNDS ALL FUNDS 2021 2020 INCOMING RESOURCES £ £ Nursery Fees 154,279 125,984 Lunches 4,901 5,655 Uniforms 1,466 628 Tea Towels - - Fund Raising 2,013 2,494 Grants - 10,000 Donations 300 - Photographs - 459 Bank Interest 5 15 ---------- ---------TOTAL INCOMING RESOURCES 162,964 145,422 ====== ====== RESOURCES EXPENDED Direct Charitable Expenditure 152,426 141,718 Fund Raising and Publicity Costs 507 250 Management and Administration Costs 2,274 1,941 --------- ---------155,207 143,909 ====== ====== NET INCOMING RESOURCES FOR PERIOD 7,757 1,513 --------- --------FUND BALANCE CARRIED FORWARD AT 31 AUGUST 71,400 63,643 ====== ====== Page 4 ## **HIGHWAYS AT HAMSTREET** ## **BALANCE SHEET** ## **AS AT 31 AUGUST 2021** 2021 2020 £ £ TANGIBLE FIXED ASSETS 2,013 2,870 ------- -------CURRENT ASSETS Stock 1,707 1,795 Sundry Debtors 940 1,130 Cash at Bank 72,362 63,479 Cash in Hand - - --------- --------75,009 66,404 ====== ====== CURRENT LIABILITIES Creditors 360 360 Deferred Income 5,262 5,271 ----------- --------5,622 5,631 ======= ====== NET CURRENT ASSETS 69,387 60,773 ---------- --------TOTAL ASSETS LESS CURRENT LIABILITIES 71,400 63,643 ====== ====== REPRESENTED BY GENERAL FUNDS 71,400 63,643 ## **HIGHWAYS AT HAMSTREET** ## **INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE PERIOD ENDED 31 AUGUST 2021** 2021 2020 **INCOME** £ £ £ Nursery Fees 154,279 125,984 Lunches 4,901 5,655 Uniforms 1,466 615 Tea Towels - - Fund Raising 2,012 2,494 Grants - 10,000 Donations 300 200 Photographs - 459 Bank Interest 5 15 --------- --------162,963 145,422 ---------- ---------- **EXPENDITURE** Materials 5,340 5,699 Rent 4,208 1,748 Wages 126,875 121,673 Lunches 4,664 5,506 Uniforms 1,008 627 Photos - 88 Books & Toys 3,628 - Insurance 1,631 1,593 Light & Heat 1,908 1,732 Printing, Postage & Stationery 100 124 Telephone 499 496 Computer Costs 296 285 Repairs & Renewals 1,521 1,435 Cleaning & Housekeeping 591 397 Legal and Professional 360 360 Depreciation 857 939 Miscellaneous Expenses 1,720 1,207 ---------- -------155,206 143,909 ---------- --------- **NET (DEFICIT)/SURPLUS for year 7,757 1,513** ====== ======