COMPANY NUMBER: 5392129 (ENGLAND AND WALES)
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020
PEMBURY SCHOOL HOUSE NURSERY COMPANY LIMITED BY GUARANTEE
COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2020
Company Number: 5392129 (ENGLAND & WALES) Directors: A FINEMAN Appointed 09 November 2009 R L VENTIN Appointed 22 January 2016 Secretary: J S SHEPPARD Appointed 22 January 2016 Registered Charity Number: 1109583 Registered Office: LOWER GREEN ROAD PEMBURY KENT TN2 4EB
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020
CONTENTS
| Page | |
|---|---|
| Directors' Report | 1 |
| Profit and Loss Account | 2 |
| Balance Sheet | 3 |
| Notes | 4 to 6 |
| The following page does not form part of the Statutory Financial Statements: | |
| Detailed Income and Expenditure Account | 7 |
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2020
The directors present their report and financial statements for the year ended 31 July 2020.
Principal activities
The principal activity of the company is to provide nursery school facilities for pre school children.
Directors
The directors who served during the year were as follows:
A FINEMAN Appointed 09 November 2009 R L VENTIN Appointed 22 January 2016 J S SHEPPARD Appointed 22 January 2016
Responsibilities of the directors
The directors are required to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the directors are required to:
-
(a) select suitable accounting policies and apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent:
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(c) state whether the policies adopted are in accordance with the Companies Act 1985 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements.
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(d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The directors are responsible for keeping proper accounting records which 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 Companies Act 1985. They 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.
On behalf of the board
…………………….
ALAN FINEMAN
OCTOBER 16 2020
Page 4
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2020
| Turnover Administrative expenses Operating (deficit) / surplus Other interest receivable and similar income HMRC Furlough Scheme Small Business Grant Surplus on ordinary activities before taxation Tax on surplus on ordinary activities Retained surplus for the year |
Note 2 10 |
2020 £ 104,843 118,741 (13,898) 636 16,078 10,000 12,816 - £12,816 |
2019 £ 115,844 116,347 |
|---|---|---|---|
| (503) 669 0 0 |
|||
| 166 - |
|||
| £166 |
The company has made no acquisitions nor discontinued any operations within the meaning of Financial Reporting Standard 3 during the year; therefore turnover and operating profit derive entirely from continued operations.
The company has no recognised gains or losses other the surplus for the financial year.
The annexed notes form part of these financial statements.
Page 2
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET AS AT 31 JULY 2020
| Fixed assets Tangible Assets Current assets Debtors Cash at bank and in hand Creditors Amounts falling due within one year Net current assets Total assets less current liabilities Net assets Capital and reserves Other reserves Income and expenditure account Members' funds |
Note 5 6 7 8 9 |
2020 £ 1,515 92,397 93,912 (1,327) |
£ 3,003 92,585 95,588 £95,588 8,379 87,209 £95,588 |
2019 £ 1,344 79,139 80,483 (1,715) |
£ 4,004 78,768 |
|---|---|---|---|---|---|
| 82,772 | |||||
| £82,772 | |||||
| 8,379 74,393 |
|||||
| £82,772 |
In the opinion of the directors the company is entitled to claim exemptions from audit by virtue of subsection (1) of Section 249A of the Companies Act 1985. Members have not required the company, under s.249B(2) of the Companies Act 1985 to obtain an audit for the year ended 31 July 2020. The directors are responsible for ensuring that the company maintains accounting records in compliance with Section 221 of that Act and for preparing accounts which give a true and fair view of the affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with Section 226, and which comply with the other requirements of the Act relating to the accounts so far as applicable to the company.
Approved by the board of directors on 16 October 2020 and signed on its behalf.
………………………………
ALAN FINEMAN
The annexed notes form part of these financial statements.
Page 3
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020
- 1 Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings; and Equipment - 25% per annum on reducing value.
2 Operating (deficit) / surplus
| This is stated after charging: Depreciation of owned assets 3 Transactions with Directors |
2020 £ 1,001 |
2019 £ 1,335 |
|
|---|---|---|---|
The following Directors received emoluments from the Company during the year.
| R L Ventin J S Sheppard These amounts are included in the total of wages and salaries shown below: |
2020 2019 £ £ 28,412 27,960 22,854 22,354 |
|---|---|
The following Directors received pension contributions from the Company during the year.
| 4 | R L Ventin J S Sheppard Staff costs The aggregate payroll costs for all staff members were: Wages and Salaries |
2020 £ 654 486 2020 £ 100,814 |
2019 £ 494 363 2019 £ 96,798 |
|
|---|---|---|---|---|
Page 4
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 JULY 2020
| 5 6 |
Tangible fixed assets Cost: At 01 August 2019 Additions At 31 July 2020 Depreciation: At 01 August 2019 Charge for the year At 31 July 2020 Net book value: At 31 July 2020 At 31 July 2019 Debtors Due within one year: Sundry debtors Rent paid in advance |
2019 £ 171 1,344 £1,515 |
Total Assets £ 19,490 0 |
|
|---|---|---|---|---|
| 19,490 | ||||
| 15,486 1,001 |
||||
| 16,487 | ||||
| £3,003 | ||||
| £4,004 | ||||
| 2019 £ 0 1,344 |
||||
| £1,344 |
Page 5
PEMBURY SCHOOL HOUSE NURSERY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JULY 2020
| 7 8 9 |
Creditors- amounts falling due within one year Guaranteed deposits Accruals Other reserves Pre incorporation surplus Income and Expenditure account Balance at 01 August 2019 Surplus retained for the year Balance at 31 July 2020 |
||
|---|---|---|---|
10
Taxation
The company is registered with the Charities Commission and also incorporated limited by guarantee, therefore there is no tax liability for any surplus incurred during the period.
Page 6
COMPANY LIMITED BY GUARANTEE
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2020
| Turnover Fees Other Direct Income Fundraising activities Grants received Gross surplus Other interest receivable & similar HMRC Furlough Scheme Small Business Grant Overheads Wages and Salaries Company Pension Costs Rent and Service Charges Repairs and Renewals Cleaning Consumables Telephone Stationery and Postage Payroll Cost Fundraising Costs Insurance Staff Training Sundries Depreciation Covid 19 Costs Surplus on ordinary activities |
£ 100,814 1,331 8,456 865 1,001 1,069 824 692 86 0 619 240 732 1,001 1,011 |
2019 | £ 43,693 1,336 59,814 104,843 636 16,078 10,000 131,557 118,741 £12,816 |
2019 £ 96,798 1,002 8,315 1,128 1,564 1,224 838 909 81 284 611 1,347 911 1,335 0 |
£ 50,189 2,893 62,762 |
|---|---|---|---|---|---|
| 115,844 669 0 0 |
|||||
| 116,513 116,347 |
|||||
| £166 |
Page 7