HIGHWAYS AT HAMSTREET ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2022 HIGHWAYS AT HAMSTREET
LEGAL AND ADMINISTRATIVE DETAILS
Trustees Jane Macey Maggie Keenan Jemma Thompson Jenna Newham Bogusia Spitty Emma Yeomans Ashley Foreman 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 2022
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 2022
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 2022.
Review of the period
The Nursery had another very successful year following on from the pandemic. The Nursey continued with the collaboration which is still running well, with at least 3 meetings during the year.
There were again 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 £8,144 (2021 Surplus £7.757)
LIST OF TRUSTEES
Chairperson Jenna Newham Treasurer Bogusia Spitty Secretary Jemma Thompson Officers Maggie Keenan Jane Macey Emma Yeomans Ashley Foreman
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 2022
I report on the accounts of the charity for the period ended 31 August 2022 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
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ACCOUNTING POLICIES
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(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”).
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(b) Voluntary income received by way of donations is included in the Statement of Financial Activities (the S.O.F.A) when received.
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(c) Gross fund raising income from events organised by the nursery itself is included in the SOFA when received.
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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.
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e) Any costs which cannot be specifically identified to another functional activity of the nursery are included in the management and administration function.
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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
| 2022 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ £ | |||||||||||
| 2. | OVERHEADS |
||||||||||
| Light and Heat | 1,824 1,908 | ||||||||||
| Insurance | 1,602 1,631 | ||||||||||
| Telephone | 503 499 | ||||||||||
| Repairs and Renewals | 5,925 1,521 | ||||||||||
| Cleaning and Housekeeping | 545 591 | ||||||||||
| Depreciation | 813 857 | ||||||||||
| -------- -------- | |||||||||||
| TOTAL FOR YEAR | 11,212 7,007 | ||||||||||
| ===== ===== | |||||||||||
| Allocated to | |||||||||||
| Direct Charitable Expenditure | 10,112 6,407 | ||||||||||
| Fund Raising | and Publicity | 550 300 | |||||||||
| Management | and Administration | 550 300 | |||||||||
| ------- -------- | |||||||||||
| TOTAL ALLOCATION | FOR YEAR | 11,212 7,007 | |||||||||
| ===== ===== | |||||||||||
| 3. | DIREC T CHARITABLE |
EXPENDITURE | |||||||||
| Materials | 4,985 5,340 | ||||||||||
| Rent | 4,360 4,208 | ||||||||||
| Wages | 131,574 126,875 | ||||||||||
| Lunches | 6,263 4,664 | ||||||||||
| Uniforms | 1,081 1,008 | ||||||||||
| Tea Towels | - - | ||||||||||
| Photos | - - | ||||||||||
| Books and Toys | 3,093 3,628 | ||||||||||
| Computer Costs | 273 296 | ||||||||||
| Share of Premises Overheads | 10,112 6,407 | ||||||||||
| -------- -------- | |||||||||||
| 161,741 152,426 | |||||||||||
| ====== ===== | |||||||||||
| 4. | FUND RA ISING |
AND P U BLICITY COSTS |
|||||||||
| Fund Raising Expenses | 103 207 | ||||||||||
| Share of Premises Overheads | 550 300 | ||||||||||
| ------- ------- | |||||||||||
| 653 507 | |||||||||||
| ==== ==== | |||||||||||
| Page 7 |
HIGHWAYS AT HAMSTREET
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| 5. | MANAGEMENT AND ADMINISTRATION COSTS | ||||||
| Postage, Printing and Stationery | 77 | 100 | |||||
| Miscellaneous Expenses | 1,785 | 1,874 | |||||
| Share of Premises Overheads | 550 | 300 | |||||
| -------- | ------- | ||||||
| 2,412 | 2,274 | ||||||
| ===== | ==== | ||||||
| 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 | 17,384 | 32,253 | ||||
| Charge for period | - | 813 | 813 | ||||
| __ ___ |
|||||||
| At 31 August 21 | 14,869 | 18,197 | 33,066 | ||||
| ====== | ===== | ====== | |||||
| Net Book Value | |||||||
| At 31 August 2021 | 1 | 2,012 | 2,013 | ||||
| ===== | ===== | ===== | |||||
| At 31 August 2022 | 1 | 1,199 | 1,200 | ||||
| ====== | ===== ====== | ||||||
| 7. | RECONCILIATION OF FUNDS | TOTAL | |||||
| £ | |||||||
| At 1 September 2021 | 71.400 | ||||||
| Surplus-Period ended 31 August 2022 | 8,144 | ||||||
| --------- | |||||||
| 79,544 | |||||||
| ===== | |||||||
| Page 8 | |||||||
| HIGHWAYS AT HAMSTREET |
8. STAFF COSTS AND NUMBERS
There were (2022-9) staff employed by the charity during the year at a cost of £131,574 (2021-£126,875).
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.
2022 2021 £ £ Various others 643 2,013 ------ -----643 2,013 ------- ------
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 2022 and the balance sheet as at 31 August 2022 together with the notes to the accounts.
…………………………… Chairperson …………………… Secretary
Page 3
HIGHWAYS AT HAMSTREET
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 AUGUST 2022
ALL FUNDS ALL FUNDS 2022 2021 INCOMING RESOURCES £ £ Nursery Fees 164,574 154,279 Lunches 5,227 4,901 Uniforms 1,229 1,466 Tea Towels - - Fund Raising 643 2,013 Grants 1,031 - Donations 243 300 Bank Interest 3 5 ---------- ---------TOTAL INCOMING RESOURCES 172,950 162,964 ====== ====== RESOURCES EXPENDED Direct Charitable Expenditure 161,741 152,426 Fund Raising and Publicity Costs 653 507 Management and Administration Costs 2,412 2,274 --------- ---------164,806 155,207 ====== ====== NET INCOMING RESOURCES FOR PERIOD 8,144 7,757 --------- --------FUND BALANCE CARRIED FORWARD AT 31 AUGUST 79,544 71,400 ====== ======
Page 4
HIGHWAYS AT HAMSTREET
BALANCE SHEET
AS AT 31 AUGUST 2022 2022 2021 £ £ TANGIBLE FIXED ASSETS 1,200 2,013 ------- -------CURRENT ASSETS Stock 1,574 1,707 Sundry Debtors 650 940 Cash at Bank 82,448 72,362 Cash in Hand - - --------- --------84,672 75,009 ====== ====== CURRENT LIABILITIES Creditors 360 360 Deferred Income 5,968 5,262 ----------- --------6,328 5,622 ======= ====== NET CURRENT ASSETS 78,344 69,387 ---------- --------TOTAL ASSETS LESS CURRENT LIABILITIES 79,544 71,400 ====== ====== REPRESENTED BY GENERAL FUNDS 79,544 71,400
HIGHWAYS AT HAMSTREET
INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 AUGUST 2022
INCOME £ £ £ Nursery Fees 164,574 154,279 Lunches 5,227 4,901 Uniforms 1,229 1,466 Tea Towels - - Fund Raising 643 2,012 Grants 1,031 - Donations 243 300 Bank Interest 3 5 --------- --------172,950 162,963 ---------- ---------- EXPENDITURE Materials 4,985 5,340 Rent 4,360 4,208 Wages 131,574 126,875 Lunches 6,263 4,664 Uniforms 1,081 1,008 Books & Toys 3,093 3,628 Insurance 1,602 1,631 Light & Heat 1,824 1,908 Printing, Postage & Stationery 77 100 Telephone 503 499 Computer Costs 273 296 Repairs & Renewals 5,925 1,521 Cleaning & Housekeeping 545 591 Legal and Professional 360 360 Depreciation 813 857 Miscellaneous Expenses 1,528 1,720 ---------- -------164,806 155,206 ---------- --------- NET (DEFICIT)/SURPLUS for year 8,144 7,757 ====== ======