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REGISTERED COMPANY NUMBER: 05261501 (England and Wales) REGISTERED CHARITY NUMBER: 1108840
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
FOR
CALTHWAITE NURSERY
Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ
DocuSign Envelope ID: 850D0102-FAA6-4CD6-8DA1-25DC02BA50C6
CALTHWAITE NURSERY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
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CALTHWAITE NURSERY (REGISTERED NUMBER: 05261501)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Our objective is to provide nursery and toddler facilities to the local community including School Wrap Around facilities.
ACHIEVEMENT AND PERFORMANCE
Please refer to the separate note in the Appendix.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05261501 (England and Wales)
Registered Charity number
1108840
Registered office
3 Fisher Street Carlisle Cumbria CA3 8RR
Trustees
Mrs J Dalgleish (resigned 24.6.20) Mr F J Glassford Operations Manager Mr J C Harvey Headteacher Mrs L A Taylor Company Director / Bookkeeper Mrs C Pollock Bookkeeper
Company Secretary
Mrs L A Taylor
Independent Examiner
Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ
FINANCIAL REVIEW
Please refer to the separate note in the Appendix.
Approved by order of the board of trustees on 16 April 2021 and signed on its behalf by:
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CALTHWAITE NURSERY (REGISTERED NUMBER: 05261501)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
Mrs L A Taylor - Trustee
06 May 2021 | 7:54 AM BST
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CALTHWAITE NURSERY
Independent examiner's report to the trustees of Calthwaite Nursery ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 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
-
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 102)).
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.
Luke Tattersall FCA Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ
16 April 2021
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CALTHWAITE NURSERY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,000 Charitable activities Nursery 198,247 Other trading activities 2 1,011 Investment income 3 58 Total 200,316 EXPENDITURE ON Raising funds - Charitable activities Nursery 166,849 Other 4,156 Total 171,005 NET INCOME/(EXPENDITURE) 29,311 RECONCILIATION OF FUNDS Total funds brought forward 74,993 TOTAL FUNDS CARRIED FORWARD 104,304 |
Restricted fund £ - - - - - - - - - - - - |
31.8.20 Total funds £ 1,000 198,247 1,011 58 200,316 - 166,849 4,156 171,005 29,311 74,993 104,304 |
31.8.19 Total funds £ - 181,035 671 54 181,760 50 174,834 7,565 182,449 (689) 75,682 74,993 |
|---|---|---|---|
The notes form part of these financial statements
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CALTHWAITE NURSERY (REGISTERED NUMBER: 05261501)
BALANCE SHEET 31 AUGUST 2020
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 11,632 CURRENT ASSETS Debtors 9 4,944 Cash at bank 91,849 96,793 CREDITORS Amounts falling due within one year 10 (4,121) NET CURRENT ASSETS 92,672 TOTAL ASSETS LESS CURRENT LIABILITIES 104,304 NET ASSETS 104,304 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
31.8.20 Total funds £ 11,632 4,944 91,849 96,793 (4,121) 92,672 104,304 104,304 104,304 104,304 |
31.8.19 Total funds £ 20,088 2,004 58,886 60,890 (5,985) 54,905 74,993 74,993 74,993 74,993 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.
The notes form part of these financial statements
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CALTHWAITE NURSERY (REGISTERED NUMBER: 05261501)
BALANCE SHEET - continued 31 AUGUST 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 April 2021 and were signed on its behalf by:
Mrs L A Taylor - Trustee
06 May 2021 | 7:54 AM BST
The notes form part of these financial statements
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CALTHWAITE NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost Fixtures and fittings - 20% on cost and 10% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Fundraising events | 1,011 | 671 |
continued...
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CALTHWAITE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
3. INVESTMENT INCOME
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.8.20 | 31.8.19 | ||
| £ | £ | ||
| Bank interest received | 58 | 54 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.8.20 | 31.8.19 | ||
| £ | £ | ||
| Depreciation - owned assets | 8,456 | 9,053 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Nursery No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Nursery 181,035 Other trading activities 671 Investment income 54 Total 181,760 EXPENDITURE ON Raising funds 50 Charitable activities Nursery 174,834 Other 7,565 |
31.8.20 13 Restricted fund £ - - - - - - - |
31.8.19 14 Total funds £ 181,035 671 54 181,760 50 174,834 7,565 |
|---|---|---|
continued...
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CALTHWAITE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| Total | 182,449 | - | 182,449 | |
| NET INCOME/(EXPENDITURE) | (689) | - | (689) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 75,682 | - | 75,682 | |
| TOTAL FUNDS CARRIED FORWARD | 74,993 | - | 74,993 | |
| 8. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Short | and | |||
| leasehold | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2019 and 31 August 2020 | 84,375 | 41,283 | 125,658 | |
| DEPRECIATION | ||||
| At 1 September 2019 | 70,038 | 35,532 | 105,570 | |
| Charge for year | 7,168 | 1,288 | 8,456 | |
| At 31 August 2020 | 77,206 | 36,820 | 114,026 | |
| NET BOOK VALUE | ||||
| At 31 August 2020 | 7,169 | 4,463 | 11,632 | |
| At 31 August 2019 | 14,337 | 5,751 | 20,088 | |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.20 | 31.8.19 | |||
| £ | £ | |||
| Trade debtors | 3,657 | 1,084 | ||
| Other debtors | 324 | - | ||
| Prepayments | 963 | 920 | ||
| 4,944 | 2,004 |
continued...
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CALTHWAITE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.9.19 £ 74,993 74,993 Incoming resources £ 200,316 200,316 At 1.9.18 £ 75,682 75,682 |
31.8.20 31.8.19 £ £ 365 - 3,756 5,985 4,121 5,985 Net movement At in funds 31.8.20 £ £ 29,311 104,304 29,311 104,304 Resources Movement expended in funds £ £ (171,005) 29,311 (171,005) 29,311 Net movement At in funds 31.8.19 £ £ (689) 74,993 (689) 74,993 |
|---|---|---|
continued...
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CALTHWAITE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 181,760 181,760 |
Resources Movement expended in funds £ £ (182,449) (689) (182,449) (689) |
Resources Movement expended in funds £ £ (182,449) (689) (182,449) (689) |
|---|---|---|---|
| (689) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.18 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 75,682 | 28,622 | 104,304 |
| TOTAL FUNDS | 75,682 | 28,622 | 104,304 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 382,076 382,076 |
Resources Movement expended in funds £ £ (353,454) 28,622 (353,454) 28,622 |
Resources Movement expended in funds £ £ (353,454) 28,622 (353,454) 28,622 |
|---|---|---|---|
| 28,622 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
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