## **Report of the Trustees of the Park Neighbourhood Nursery**
## **The Year January – December 2020**
2020 was a year like no other. The Pandemic struck in the first few months of the year and the first Lockdown started in March 2020.
The Trustees were unable to meet in person after March 2020 because of the Pandemic, although individual Trustees have been in touch with the Nursery over this period to offer any support. The Nursery was able to remain open and was able to provide Pre-School Education and Childcare, which was so important for parents/carers who were key workers and other parents to enable them to continue to be in employment, as well giving the children experience of playing and learning..
This was a very difficult period for staff, who had to cope in the early days of the Pandemic with very little guidance, and were clearly exposed to the risks associated with Covid, and of course there were no vaccinations available until the start of 2021. So Trustees wish to thank staff and the managers of the Nursery for all their tremendous efforts over the year in supporting the local community at such a difficult time..
Numbers at the Nursery have remained buoyant despite everything, and finances are still healthy. Charges made by the Nursery continue to be as low as possible, so that the Nursery can be accessible to as many as possible. There have been staff changes, as in every other year, and it is always good to welcome new staff to the Nursery.
There are plans to redecorate the Nursery and an Ofsted visit is due – so life goes on and training of staff went on despite the Pandemic. There were no child protection issues brought to the attention of the Trustees.
My thanks to fellow trustees, Virginia Dunn, Cherry Holmes, Lizzie Meadows and Pat Rooney who served as trustees throughout 2020.
Roger Coales on behalf of fellow Trustees:
Virginia Dunn Cherry Holmes Lizzie Meadows Pat Rooney
July 2021
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **REPORT OF THE DIRECTORS AND**
**UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
**FOR**
**THE PARK NEIGHBOURHOOD NURSERY**
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Statement of Income and Retained Earnings**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5|
|**Detailed Income and Expenditure Account**|7|
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 December 2020**
## **DIRECTORS:**
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
## **SECRETARY:**
Ms E A Meadows
## **REGISTERED OFFICE:**
The Park Neighbourhood Nursey The Old Park School Hollow Road Kingswood BS15 4AT
## **REGISTERED NUMBER:**
04993091 (England and Wales)
## **ACCOUNTANTS:**
MGB Accountants (Stonehouse) Limited The Garden Suite 23 Westfield Park Redland Bristol BS6 6LT
1
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 December 2020**
The directors present their report with the financial statements of the company for the year ended 31 December 2020.
## **DIRECTORS**
The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
## **ON BEHALF OF THE BOARD:**
R W Coales - Director
30 July 2021
2
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 December 2020**
|Notes
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Distribution costs
Administrative expenses
Other operating income
**OPERATING SURPLUS**
4
Interest receivable and similar income
Interest payable and similar expenses
**SURPLUS BEFORE TAXATION**
Tax on surplus
**SURPLUS FOR THE FINANCIAL YEAR**
Retained earnings at beginning of year
**RETAINED EARNINGS AT END OF YEAR**|2020
£
357,966
68,093|£
439,479
43,147
396,332
426,059
(29,727)
48,953
19,226
39
19,265
16
19,249
-
19,249
198,690
217,939|2019
£
344,241
90,098|£
583,213
62,763|
|---|---|---|---|---|
|||||520,450
434,339|
|||||86,111
-|
|||||86,111
132|
|||||86,243
15|
|||||86,228
-|
|||||86,228
112,462|
|||||198,690|
The notes form part of these financial statements
3
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY (REGISTERED NUMBER: 04993091)**
## **BALANCE SHEET 31 December 2020**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account|2020
£
213,838
7,022|£
11,123
206,816
217,939
217,939
217,939|2019
£
189,186
4,374|£
13,878
184,812|
|---|---|---|---|---|
|||||198,690|
|||||198,690|
|||||198,690|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
- (a) ensuring that the company keeps accounting records which 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 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 company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2021 and were signed on its behalf by:
R W Coales - Director
The notes form part of these financial statements
4
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020**
## 1. **STATUTORY INFORMATION**
The Park Neighbourhood Nursery is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
## 2. **ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance
## **Taxation**
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Deferred tax**
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
## **Pension costs and other post-retirement benefits**
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
## 3.
## **EMPLOYEES AND DIRECTORS**
The average number of employees during the year was 21 (2019 - 24).
## 4. **OPERATING SURPLUS**
The operating surplus is stated after charging:
||2020|2019|
|---|---|---|
||£|£|
|Depreciation - owned assets|3,708|4,626|
5
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2020**
## 5. **TANGIBLE FIXED ASSETS**
|5.
**TANGIBLE FIXED ASSETS**|||
|---|---|---|
|**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
6.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|2020
£
1,388
5,634
7,022|Plant and
machinery
etc
£
100,665
953
101,618
86,787
3,708
90,495
11,123
13,878
2019
£
1,833
2,541
4,374|
||||
6
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 December 2020**
|**Sales**
**Cost of sales**
Food and drink
Toys and nursery equipment
Other direct costs
**GROSS SURPLUS**
**Other income**
Government grants
Deposit account interest
**Expenditure**
Wages
Pensions
Rates and water
Insurance
Light and heat
Workwear
Telephone
Post, stationery & IT costs
Advertising
Staff training
Repairs and renewals
Staff entertaining and welfare
Cleaning and hygiene supplies
Sundry expenses
Accountancy
Professional Fees
Subscriptions
Depreciation of tangible fixed assets
Fixtures and fittings
**Finance costs**
Bank charges
PAYE interest
**NET SURPLUS**|2020
£
18,949
22,664
1,534
48,953
39
347,016
10,950
3,004
1,859
12,246
277
4,370
2,087
7,888
2,139
21,766
1,338
2,184
50
990
3,062
535
3,708
590
16|£
439,479
43,147
396,332
48,992
445,324
425,469
19,855
606
19,249|2019
£
27,391
26,778
8,594
-
132
334,011
10,230
2,966
1,640
12,246
358
3,907
4,944
7,564
6,177
33,777
2,592
3,438
302
990
2,264
1,373
4,626
934
15|£
583,213
62,763|
|---|---|---|---|---|
|||||520,450
132|
|||||520,582
433,405|
|||||87,177
949|
|||||86,228|
This page does not form part of the statutory financial statements
7
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **REPORT OF THE DIRECTORS AND**
**UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
**FOR**
**THE PARK NEIGHBOURHOOD NURSERY**
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Statement of Income and Retained Earnings**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5|
|**Detailed Income and Expenditure Account**|7|
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 December 2020**
## **DIRECTORS:**
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
## **SECRETARY:**
Ms E A Meadows
## **REGISTERED OFFICE:**
The Park Neighbourhood Nursey The Old Park School Hollow Road Kingswood BS15 4AT
## **REGISTERED NUMBER:**
04993091 (England and Wales)
## **ACCOUNTANTS:**
MGB Accountants (Stonehouse) Limited The Garden Suite 23 Westfield Park Redland Bristol BS6 6LT
1
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 December 2020**
The directors present their report with the financial statements of the company for the year ended 31 December 2020.
## **DIRECTORS**
The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.
R W Coales Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
## **ON BEHALF OF THE BOARD:**
R W Coales - Director
30 July 2021
2
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 December 2020**
|Notes
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Distribution costs
Administrative expenses
Other operating income
**OPERATING SURPLUS**
4
Interest receivable and similar income
Interest payable and similar expenses
**SURPLUS BEFORE TAXATION**
Tax on surplus
**SURPLUS FOR THE FINANCIAL YEAR**
Retained earnings at beginning of year
**RETAINED EARNINGS AT END OF YEAR**|2020
£
357,966
68,093|£
439,479
43,147
396,332
426,059
(29,727)
48,953
19,226
39
19,265
16
19,249
-
19,249
198,690
217,939|2019
£
344,241
90,098|£
583,213
62,763|
|---|---|---|---|---|
|||||520,450
434,339|
|||||86,111
-|
|||||86,111
132|
|||||86,243
15|
|||||86,228
-|
|||||86,228
112,462|
|||||198,690|
The notes form part of these financial statements
3
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY (REGISTERED NUMBER: 04993091)**
## **BALANCE SHEET 31 December 2020**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account|2020
£
213,838
7,022|£
11,123
206,816
217,939
217,939
217,939|2019
£
189,186
4,374|£
13,878
184,812|
|---|---|---|---|---|
|||||198,690|
|||||198,690|
|||||198,690|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
- (a) ensuring that the company keeps accounting records which 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 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 company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2021 and were signed on its behalf by:
R W Coales - Director
The notes form part of these financial statements
4
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
**THE PARK NEIGHBOURHOOD NURSERY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020**
## 1. **STATUTORY INFORMATION**
The Park Neighbourhood Nursery is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
## 2. **ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance
## **Taxation**
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Deferred tax**
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
## **Pension costs and other post-retirement benefits**
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
## 3.
## **EMPLOYEES AND DIRECTORS**
The average number of employees during the year was 21 (2019 - 24).
## 4. **OPERATING SURPLUS**
The operating surplus is stated after charging:
||2020|2019|
|---|---|---|
||£|£|
|Depreciation - owned assets|3,708|4,626|
5
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2020**
## 5. **TANGIBLE FIXED ASSETS**
|5.
**TANGIBLE FIXED ASSETS**|||
|---|---|---|
|**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
6.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|2020
£
1,388
5,634
7,022|Plant and
machinery
etc
£
100,665
953
101,618
86,787
3,708
90,495
11,123
13,878
2019
£
1,833
2,541
4,374|
||||
6
DocuSign Envelope ID: D47A27C1-0DEB-4E43-A485-ADB2E643AA4D
## **THE PARK NEIGHBOURHOOD NURSERY**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 December 2020**
|**Sales**
**Cost of sales**
Food and drink
Toys and nursery equipment
Other direct costs
**GROSS SURPLUS**
**Other income**
Government grants
Deposit account interest
**Expenditure**
Wages
Pensions
Rates and water
Insurance
Light and heat
Workwear
Telephone
Post, stationery & IT costs
Advertising
Staff training
Repairs and renewals
Staff entertaining and welfare
Cleaning and hygiene supplies
Sundry expenses
Accountancy
Professional Fees
Subscriptions
Depreciation of tangible fixed assets
Fixtures and fittings
**Finance costs**
Bank charges
PAYE interest
**NET SURPLUS**|2020
£
18,949
22,664
1,534
48,953
39
347,016
10,950
3,004
1,859
12,246
277
4,370
2,087
7,888
2,139
21,766
1,338
2,184
50
990
3,062
535
3,708
590
16|£
439,479
43,147
396,332
48,992
445,324
425,469
19,855
606
19,249|2019
£
27,391
26,778
8,594
-
132
334,011
10,230
2,966
1,640
12,246
358
3,907
4,944
7,564
6,177
33,777
2,592
3,438
302
990
2,264
1,373
4,626
934
15|£
583,213
62,763|
|---|---|---|---|---|
|||||520,450
132|
|||||520,582
433,405|
|||||87,177
949|
|||||86,228|
This page does not form part of the statutory financial statements
7