Charity Number: I I **07989**
## The Firs Nursery School Unaudited **Report** and Accounts
For the year ended 31 August 2020
## **The Firs Nursery School Unaudited Report and Accounts**
## **For the year ended 31 August 2020**
Charity Number 1107989 Working Name The Firs Nursery School Principal Address Shalmsford Street Chartham Canterbury Kent CT4 7QN Trustees Katrina Farley (Chair) Amy Edge (Treasurer) Megan King (Secretary) Yvonne Danniels Valarie Elvidge Carol Manning Deborah McBeth Emily Wassell Independent Examiner H.M. Cook **ACA MAA** T Roake & Cook Limited 46 School Lane Blean Canterbury Kent CT2 9JA
## **Index**
Page
Trustees' Report 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet **5** - Notes to the accounts 12
**The Firs Nursery Unaudited Report and Accounts For the year ended 31 August 2020**
## **Trustees' Report**
## **Reference and administration**
The names of trustees, the principle address and other administrative information is disclosed under General Information on the preceding page.
## **Structure, governance and management**
The association was registered as a charity, number 1107989.
Trustees are appointed by the parents of children registered with the nursery school.
## **Objectives and activities**
The aims of pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through attending nursery by the following means:
- I) Offering appropriate care, education and play facilities;
- **2)** Family learning and education;
- **3)** The right of parents to take responsibility and become involved in activities;
- **4)** Equal opportunities for all children whatever their race, culture, religion, means or ability; and
- **5)** Adhering to the furtherance of the aims and objectives of pre-school alliance.
In following these objectives, the trustees have had regard to the guidance issued by the Charity Commission.
## **Achievements and performance**
During the year, the charity has continued to provide educational and play facilities to children under the statutory school age from the village of Chartham and the surrounding area for five days per week during normal school term time. The average attendance has been 32 children per session.
The charity has continued to recruit and maintain sufficient staff to supervise the children, and to ensure that these staff members receive adequate training to maintain the standards set by the charity.
## **Financial review**
The charity's policy on reserves is to always maintain sufficient liquid funds to meet its obligations for the years ahead; it is therefore the policy to always maintain reserves to cover the next three months' estimated expenditure. Any excess funds are retained to finance future improvements and extensions to the charity's facilities.
No restricted funds were brought forward, and no funds received during the year were
considered to be restricted. During the year, the charity recorded a surplus of £14,985.
When this is added to the balance brought forward, the unrestricted fund balance carried forward stands at £38,023.
Signed on behalf of the trustees
**The Firs Nursery**
Katrina Farly - Chair Date: 3 I August 2021
**ended 3 f August 2020**
## **Uniw flted Report and Ac:c:01111u For the year**
## **Independent Examiner's Report To The Trustees of The Firs Nursery School ("the Charity").**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 3 l August. 2020.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20 I I (the Charities Act).
The charity's trustees consider that an audit is not required for the year ended 31st August 2020 under section 144 of the O,;i.riti A ;i.nd th;i.t an t examination i$ needed.
Having satisfied myself that the accounts of the Charity are not required to be audited under the Charities Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ("the 20 I I Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14S(S)(b) of the 2011 Aa.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attentiOn in connection with the examination **giving** me cause to believe:
- I. accounting records were not kept in respect of the Charity as required by s 130 of the Charities Act; or
- 2.the accounts do not accord with those records; or
- 3.the accounts do not comply with the accounting requirements of the Charities Act 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; or
- 4.the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I 02).
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 order1:0 enable a,proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. _My_ work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for _my_ work or for this report.
Mrs H Cook **ACA** Date: _Z,_ 7 / O 9 l Z.02... _I_
For and on behalf of Roi,.ke & Cook Limited Chartered Accountant
,
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I CHARITY COMMISSIOThe Firs Nursery l [.] r [...,] h [,] ia.n•"y.No
Schoo! i !()7989
j FOR ENGLAND ANO W ALE
Annual accounts for the period
Period start date To I Period end date
01/09/2019
1
31/08/2020
Statement of financial activities
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## **Recommended categories by activity**
## **Incoming resources (Note 3)**
Income and endowments from:
Donations and legacies Charitable activities Other trading activities Investments
Other
## _**Total**_
## **Resources expended (Note 4)**
## **Expenditure** on:
Raising funds Charitable activities Other
_**Total**_
**Net movement** _in_ _**funds**_
_Reconciliation of funds:_ Total funds brought forward _Total funds carried forward_
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Unrestrict Restricted Prior year
ed income Total funds
funds funds funds
2020 2020 2020 2019
£ £ £ £
- - - 1,367
144,238 - 144,238 169,126
- - - -
22 - 22 34
22,824 - 22,824 964
167,084 - 167,08 171,49
4 1
- - - -
-
151,099 151,099 181,622
-
1,000 1,000 1,000
152,099 - 152,0 182,622
99
14,985 - 14,985 -
11,131
23,038 - 23,038 34,169
38,023 - 38,023 23,038
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## Balance sheet
|Unrestricted|Unrestricted|Total this|Total last|
|---|---|---|---|
||Restricted|year|year|
|funds income||||
||funds|||
|2020|2020|2020|2019|
|£|£|£|£|
## **Fixed**
**assets** (Note Intangible 7) assets Tangible assets Investments _Total fixed_ (Note _assets_ 8) Current assets
Stocks Debtors Investments
Cash at bank and in hand
_Total_ current assets
Creditors: amounts falling due within one year (Note 9)
**Net** current
_assetsl(liabilities) Total_
|||-|-|-|-|
|---|---|---|---|---|---|
|||48
8|-|48
8|650|
|||-|-|-|-|
|||48|-|**488**|**650**|
|||-|-|-|-|
|||-|-|-|1,184|
|||-|-|-|-|
|||40,035|-|40,035|32,647|
|||**40,035**|-|**40,035**|33,831|
|||||||
|||||||
|||||||
|||||||
|||||||
_assets less_ current
## _liabilities_
Creditors: amounts falling due after one year Provisions for liabilities
_Total_ net _assets_ or _liabilities_
## Funds of the Charity
Unrestricted funds Revaluation reserve _Total_ funds
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Date of
Signatu 38,0231 Print Name38,0231 23,0381
re approval
31/08/2021
Katrina Farley
(Chair)
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Signed by one or two trustees on behalf of all the trustees
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38,023 - 38,023 23,03
8
- - - -
38,023 - 38,023 23,03
8
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Notes to the
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
## **2 Accounting Policies**
## **2.1Income**
## **Recognition of**
## **income**
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS I 02 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS I 02 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
The charity has received government grants in the reporting period. Grants are only included in the SoFA when the charity has unconditional entitlement to the resources.
Investment income is reported in the SoFA when receivable.
## **2.2 Expenditure and liabilities**
Uabillties are recognised where lt ls more likely than not that there is a legal or constr-u«Ne obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Charitable activities are the costs of running the nursery school including staff **wages** and salaries, rent and maintenance of property and food and equipment supplied to the children.
## **l.J Assets**
Tangible fixed assets are capitalised if they can be used for more than one year and cost at least **£500** net of grants received. They are valued at cost and written off over their estimated useful life at the rate of 20% straight line with a full years' depreciation incurred in the year of acquisition and no depreciation in the year of disposal.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
**2.4Going concern**
## Notes to the
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the charities ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example in relation to expected future performance, or the effects on some future asset valuations.
## **2.5 Government grants**
Grants that are received in respect of expenses or tosses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable.
## Notes to the
## Note 3 Analvsis of income
||||Unrestricted|Restricted|Restricted|||
|---|---|---|---|---|---|---|---|
||||funds|income funds||Total funds Prior year||
|**Donation**|**Analysis**
Donations and gifts
Gift Aid||**2020**
£
-
-|**202**
**0**
£
-
-||**2020**
£
-|**2019**
£
480
-|
|**s and**|Legacies||-|-||-
-|-|
|**legacies:**|Membership subscriptions and
sponsorships which||-|-||-|887|
||are in substance donations|**Total**|-|-||-|**1,367**|
|**Charita**||||||||
|**ble**||||||||
|**activitie**||||||||
|**s:**|Fees from local authorities
Fees from parents||**96,355**
**45,600**|-
-||**96,355**
**45,600**|119,326
47,325|
||SEN funding
Training|**Total**|2,173
110
**144,238**|-
-
-|2,173
110
**144,238**||2,165
310
**169,12**|
|**Other**|||||||**6**|
|**trading**||||||||
|**activities:**|Other||22,824|-||22,824|964|
|||**Total**|**22,824**|-||**22,824**|**964**|
|**Income from**|IInterest income||22|-||22|34|
|**investments:**|IDividend income|**Total**|**167,08**
**4**~~I~~
-
**2**
~~**2**~~|-
-||**167,084**I**171,491**
-
-
**2**
~~**2**~~
**34**||
|**TOTAL**||||||||
|**INCOME**||||||||
## Notes to the
## Note 4 Analysis of expenditure
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Unrestricted Restricted Unrestricte Restricted
d
Analysis funds income funds Total funds income Total funds
funds funds
2020 2020 2020 2019 2019 2019
Expenditure on raising £ £ £ £ £ £
funds:
- - - - -
Staging fundraising events
Total expenditure on raising - - - - - -
funds
Expenditure on charitable activities:
Care costs 130,665 - 130,665 158,089 - 158,089
Running and maintenance costs 16,084 - 16,084 20,784 - 20,784
Administration costs 4,188 - 4,188 2,587 - 2,587
Depreciation 162 - 162 162 - 162
Total expenditure on
charitable - -
151,099 151,099 181,622 181,622
activities
Other
!Governance costs 1,000 - 1,000 1,000 - 1,000
I
Total other expenditure 1,000 - 1,000 1,000 - 1,000
!TOTAL EXPENDITURE 152,099 - 152,099 182,622 - 182,622
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Note 5 Details of certain items of expenditure
2020 2019 £ £ Independent examiner's fees 500 500 Assurance services other than audit or independent - - examination Tax advisory fees - - Other fees_ (for exam financial **advice,** consultancy, accountancy services) paid to the independent examiner5.0 5.0
## Note6 Paid employees
|Staf Costs|**2020**|**2019**|
|---|---|---|
|Salaries and wages|£
111,519
5,738|£
129,973
5,616|
|Social security costs and|-|-|
|pensions Other employee
benefts|**Total staf costs**
**117,257**|**135,589**|
||**This year**|**Last year**|
|Average number of full-time equivalent|employees in||
|the year:|||
|Charitable activities|II|12|
Notes to the
## Note 7
## Tangible fixed assets
## **Cost or valuation**
|At the beginning of the year
'
Additions
Revaluations
Disposals
Transfers
**At end of the year**
**Depreciation and impairments**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers
**At end of the year**
**fxtures,**
**fttingsand**
**equipment**
**2020**
**Total**
**2020**
£
**Prior year**
**2019**
£
4,156
4,156
3,344
-
-
812
-
-
-
-
-
-
-
-
-
**4,15**
**6**
**4,156**
**4,156**
3,506
3,506
3,344
-
-
-
162
162
162
-
-
-
-
-
-
**3,668**
**3,668**
**3,506**|'
**fxtures,**
**fttingsand**
**equipment**
**2020**|**Total**
**2020**
£|**Prior year**
**2019**
£|
|---|---|---|---|
||4,156|4,156|3,344|
||-|-|812|
||-|-|-|
||-|-|-|
||-|-|-|
||**4,15**
**6**|**4,156**|**4,156**|
## **Net book value**
Net book value at the beginning of the year
**Net book value at the end of the year**
Note 8 Debtors and prepayments
Analysis of debtors Trade debtors Prep-ayments and accrued income Total
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2020 2019
£ £
- -
- 1,184
- 1,184
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Notes to the accounts
## Note 9
## Creditors and accruals
Analysis of creditors
Accruals for grants payable Trade creditors Accruals and deferred income Taxation and social security Other creditors Total
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Amounts falling due Amounts falling due
within one after more than
year one year
2020 2019 2020 2019
l l l l
- - - -
- - - -
- -
1,000 10,843
1,500 600 - -
- - - -
2,500 11,443 - -
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