Charity registration number: 1102673
## DOWNVIEW NURSERY (FELPHAM)
Annual Report and Financial Statements for the Year Ended 31 August 2020
## **Contents**
|**Contents**||
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 11|
## **Reference and Administrative Details**
## **Trustees**
Craig Walder Anna Hockey Rachel Stimpson Jo Gillespie Amy Coote Laura Diane Walder
## **Principal Office**
Downview Nursery Wroxham Way Bognor Regis West Sussex PO22 8ER
## **Charity Registration Number**
1102673
## **Independent Examiner**
Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
Page 1
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2020.
## **Objectives and activities**
This year has again seen us make some small changes to the nursery, including finalising our nature trail area. This is an enclosed secure area adjacent to the nursery specifically for our use.
A lot of our planned changes for this year were not carried out due to COVID-19 restrictions.
Savings were not rebuilt as planned this year, mainly due to increases in the cost of living, employment and resources without an increase in the funding made available to us by the local authority. This still continues to be one of our priorities going forward.
## **Next Year**
We are still aiming to rebuild our savings that we used over the past couple of years to carry out essential repairs and refurbishments. Unfortunately, the ever-increasing cost of living, services, and resources continues to hinder this, along with COVID-19 restrictions affecting our ability to plan required works.
We will continue to look into the option and viability of using the nursery as a holiday club in the school holidays and half terms. Currently there is only one local business in the area that provides such care for early years children, so demand and usage is highly likely. Only children aged 3-4 could be accepted due to our Ofsted registration.
Planned repairs/maintenance/adjustments are as follows:
- Renewal of carpets and hard floors throughout the nursery.
- Renewal of both toilets and washing areas.
- Extension of the outside canopy area to increase the capacity of our all-weather play area.
- Renewal of some fixtures such as emergency lighting.
- Repair of external doors due to weathering.
- Possibility of replacing our access control system due to weather damage.
Page 2
## **Trustees' Report**
## **Public benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees of the charity on 11 June 2021 and signed on its behalf by:
......................................... Craig Walder Trustee
On behalf of the Downview Nursery Committee
Page 3
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 11 June 2021 and signed on its behalf by:
......................................... Craig Walder Trustee
Page 4
## **Independent Examiner's Report to the trustees of DOWNVIEW NURSERY (FELPHAM)**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 6 to 11.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of DOWNVIEW NURSERY (FELPHAM) 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 DOWNVIEW NURSERY (FELPHAM)'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 DOWNVIEW NURSERY (FELPHAM) 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 accounting 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.
...................................... Kolade Andrew Alli ACMA
KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
- 11 June 2021
Page 5
## **Statement of Financial Activities for the Year Ended 31 August 2020**
|**Statement of Financial Activities for the Year Ended 31 August**
**2020**|**Statement of Financial Activities for the Year Ended 31 August**
**2020**|
|---|---|
|**Unrestricted**
**funds**
**Total**
**2020**
**Total**
**2019**||
|**Note**
**£**
**£**
**£**||
|**Income and Endowments from:**||
|Charitable activities|143,524
143,524
130,057|
|**Expenditure on:**||
|Charitable activities|(122,356)
(122,356)
(134,611)|
|Total expenditure||
||(122,356)
(122,356)
(134,611)|
|Net income/(expenditure)||
||21,168
21,168
(4,554)|
|Gross transfers between funds|-
-
779|
|Net movement in funds||
||21,168
21,168
(3,775)|
|**Reconciliation of funds**||
|Total funds brought forward||
||26,178
26,178
29,953|
|Total funds carried forward
8||
||47,346
47,346
26,178|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2019 is shown in note 8.
Page 6
## **(Registration number: 1102673) Balance Sheet as at 31 August 2020**
|**(Registration number: 1102673)**
**Balance Sheet as at 31 August 2020**|**(Registration number: 1102673)**
**Balance Sheet as at 31 August 2020**|
|---|---|
|**2020**
**2019**||
|**Note**
**£**
**£**||
|**Current assets**||
|||
|Cash at bank and in hand
6|47,896
29,196|
|**Creditors: Amounts falling due within oneyear**
7||
||(550)
(3,018)|
|**Net**assets||
||47,346
26,178|
|**Funds of the charity:**||
|**Unrestricted income funds**||
|||
|Unrestricted funds|47,346
26,178|
|**Total funds**
8||
||47,346
26,178|
The financial statements on pages 6 to 11 were approved by the trustees, and authorised for issue on 11 June 2021 and signed on their behalf by:
......................................... Craig Walder Trustee
Page 7
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
DOWNVIEW NURSERY (FELPHAM) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 8
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
## **2 Income from charitable activities**
|**2**
**Income from charitable activities**||
|---|---|
||**Unrestricted**|
||**funds**
**Total**
**Total**|
||**General**
**2020**
**2019**|
||**£**
**£**
**£**|
|WSCC Funding|135,667
135,667
120,846|
|Pupil Funding|7,738
7,738
8,751|
|Income from Photographs|-
-
116|
|Other Income|64
64
-|
|Income from Fundraising|42
42
324|
|Bank interest receivable|13
13
20|
||143,524
143,524
130,057|
Page 9
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **3 Expenditure on charitable activities**
|**3**
**Expenditure on charitable activities**||
|---|---|
||**Unrestricted**|
||**funds**
**Total**
**Total**|
||**General**
**2020**
**2019**|
||**£**
**£**
**£**|
|Grounds work|-
-
1,168|
|Nursery Equipment|8,819
8,819
11,028|
|Rent and Rates|1,100
1,100
1,100|
|Wages and salaries|85,819
85,819
90,490|
|Staff pensions (Defined contribution) -||
|pension scheme 1|2,554
2,554
1,667|
|Repairs and renewals|2,140
2,140
4,274|
|Groceries|3,633
3,633
4,114|
|Staff training|2,437
2,437
1,693|
|IT consumables and stationeries|4,303
4,303
3,311|
|Travel and Entertainment|675
675
1,650|
|Office cost|594
594
3,276|
|Telephone|2,056
2,056
1,317|
|Furnishing and decorations|281
281
1,090|
|Software Licences & Fees|3,539
3,539
2,872|
|Legal and Professional|517
517
1,013|
|Insurance|653
653
645|
|Licences & Registration|921
921
189|
|Bank charges and interest|128
128
257|
|Staff Uniform|645
645
1,254|
|Independent examiner's fee|550
550
550|
|Staff costs|992
992
1,653|
||122,356
122,356
134,611|
Page 10
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **4 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **5 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **6 Cash and cash equivalents**
|**6**
**Cash and cash equivalents**|**6**
**Cash and cash equivalents**|
|---|---|
|**2020**
**2019**||
|**£**
**£**||
|Cash at bank
47,896
29,196||
|**7**
**Creditors: amounts falling due within one year**||
||**2020**
**2019**|
||**£**
**£**|
|Other creditors|-
2,468|
|Accruals|550
550|
||550
3,018|
|**8**
**Funds**||
||**Balance at 1**
**September**
**2019**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**August 2020**|
||**£**
**£**
**£**
**£**|
|**Unrestricted funds**||
|General|26,178
143,524
(122,356)
47,346|
||**Balance at**
**1**
**September**
**Incoming**
**Resources**
**Balance at**
**31 August**|
||**2018**
**resources**
**expended**
**Transfers**
**2019**|
||**£**
**£**
**£**
**£**
**£**|
|**Unrestricted funds**||
|General||
||29,953
130,057
(134,611)
779
26,178|
Page 11