Heath Drive Tarvin Cheshire CH3 8LS 01829 741011 **tarvin.preschool@btconnect.com** www.tarvinpreschoolnursery.com ## **Annual Report - 2021 2022** **______________________________________** Tarvin Pre-School Nursery Limited Trading as “Tarvin Pre-School & Day Nursery ## **Reference and Administration Details** |**Charity Name**|Tarvin Pre-School Nursery
Limited| |---|---| |**Other Names**|Tarvin Pre-School and Day
Nursery| |**Registered**
**Number**|5351277| |**Charity Number**|1110568| |**Registered**
**Address**|Heath Drive. Tarvin, Cheshire
CH3 8LS| ## **Names of the Trustees/Directors** |**Name**|**Office (if**
**any)**|**Date**
**Appointed**| |---|---|---| |Rachel Shorrock|
Chair|26.11.20| |Stewart McKechnie|Treasurer|28.12.17| |Claire Norrie|Secretary|24.10.18| |Caroline Hogan|Dep Chair|14.10.15| |Lyn Jackson|Director|06.10.10| |Katy Perry|Director|06.10.10| |Stuart Radcliffe|Director|25.11.21| |Emma Skillings|Director|25.11.21| |AbbieTaylor|Director|15.10.19| ## **Structure, Governance & Management** ||Type of governing
document|Constitution| |---|---|---| ||How the charity is
constituted|Company| ||Director Selection Methods|Elected by
members| ||**Additional Governance Issues**|| |||| ||Date of last Ofsted
Inspection|March 2020 –
“Outstanding”
judgement| ||Other organisations with
which the charity works|Forest Schools
Tarvin Primary
School
Local Safeguarding
Board
High Schools,
Colleges &
Universities| ||Memberships of other
organisations|NDNA| ||Insurer|Markel International
Insurance Co Ltd| **Nursery’s aims are to meet the needs of its stakeholders (parents and children) by offering flexible sessions between 7.30am and 5.30pm term time and holidays plus an Adventure Camp in school for school-age children.** Our Vision is **“to inspire every child to appreciate their own uniqueness and develop their belief and confidence in themselves to achieve their goals. We do this by providing a safe environment where they feel they belong, develop a love for learning though exciting and stimulating activities and experiences. Children are nurtured by skilled and committed practitioners who have high expectations for all to develop the skills, knowledge and emotional wellbeing they will need for life”** ## **Main Activities and Achievements During the last 12 Month Period** ## **General** We commenced the school year with most Covid restrictions lifted and more normality. We were able to hold Grandparents Coffee morning and our Nativity with a live audience. We joined in with events in the local community such as the Christmas Market and the village Fete. We celebrated the Queens Platinum Jubilee sending a card to Buckingham Palace and holding a party. Our older children “Graduated” and we performed a summer concert and celebrated Percy Pigs 30[th] Birthday with an end of term picnic. The Nursery continues to be independently run and still very reliant on fund raising to enable the purchase of resources to further enhance our provision. ## **Staff Qualifications/Changes** The team continues to be led by Lyn Jackson, the Manager who has a BA(Hons)First in Early Years and Professional Development and holds Early Years Professional Status which is only awarded to practitioners whose practice and knowledge of the early years is exemplary. She is supported by a team of qualified practitioners. Continued Professional Development has a high priority and staff continue to undertake virtual and online training. The setting has seen some changes in staffing over the last year. ## **Business & Ethos of the Nursery** **Tarvin Pre-School & Day Nursery provides care and education in line with the Early Years Foundation Stage for children from the age of two to school age. It is a community Nursery which is a Limited Company and Registered Charity. It is a not-for-profit organisation. The** ## **Curriculum Activities** **The Nursery fully embraces the Early Years Foundation Stage with emphasis on providing an environment which develops children’s independence, confidence and self-esteem.** **Activities are fun, exciting, and stimulating based on children’s own interests as well as providing new knowledge and skill development through a variety of topic-based activities.** **Outdoor activities feature highly, with children enjoying free flow play, forest school fun and mud kitchen.** and a few smaller activities such as regular cake sales. We were fortunate to have been chosen to benefit from the Co-op Community Fund once again, however this money will need to be spent on our original bid for funding. ## **Fundraising Events** ## **French, Welsh, Spanish and Makaton** Our twice weekly French, Spanish and Welsh sessions continue to be enjoyed and the children are learning to communicate using Makaton signing. ## **Extra Curricular** Our Sports and Ballet sessions resumed. However Ballet was later put on hold as the school could not accommodate us with a half hour slot at any time in the week. ## **Links with Primary School** Effective links continue to develop with the Primary School and effective Transition arrangements fully support children’s move into school smoothly. We acknowledge and thank School for their continued support. The older children were able to benefit from reinstated transition visits into school. ## **Outings/Excursions/Special Events** These included the following: - Christmas Party World Book Day – The children dressed up as a character from a favourite book. Walks in the Community including Woodlands Grandparents Coffee Morning Nativity Hot Cross Bun Afternoon Leavers’ Graduation/summer concert Parents Evening via phone call/zoom and a face-to-face meeting ## **Contributions Made By Volunteers** A full breakdown of what we managed to raise this year is available with the accounts, but events included: Christmas Raffle Nativity Easter Raffle Summer Raffle Pumpkin Trail Easter Bingo Sponsored Walk (Adults) Children’s Photographs Mother’s Day/Fathers Day Gifts Many thanks to everyone who helped in whatever way they could. ## **Attendance Figures** We started the year in September 2021 with 38 children on the register and ended the year with 47 children on the register – these numbers being lower than the previous year. 22 children left at the end of the school year to attend primary schools. ## **Breakfast and Tea Club** This continues to offer parents flexibility. Children enjoy a substantial tea such as baked potatoes, pasta dishes etc and at breakfast there is a choice of cereal, fresh juice and toasted items. This was put on hold for school children apart from siblings for some of the year. ## **Adventure Camp** **As we now offer Nursery all year round, there is no longer any Holiday Club for Nursery-age children. We do offer Adventure Camp to school age children and we offered this at Easter, Whit and Summer.** ## **General** Income received from fees and grants only just normally covers staff wages and general running expenses. All other items (equipment, buildings, repairs, children’s gifts etc) have to be funded by raising money through fundraising. ## **Fundraising Team** We have been without a fund raising team for several years and the majority of fund raising has been undertaken by the staff. Being a Registered Charity enables us to raise much needed funds to buy the extras, replace and renew resources, provide enhancements to our provision, subsidise outings, parties, gifts at Christmas etc. Our aim is to run three or four main fund-raising activities throughout the year ## **Financial Review** A full report on finances is available in the form of our Annual Accounts (explained in full at our AGM). Accounts are prepared using Sage software, in spreadsheet format, monthly, with the only accrual or prepayment consisting of late or early receipts at the beginning or end of each financial year. All purchase invoices are paid within 30 days of receipt, or immediately, at year end. An amount for depreciation is shown in the accounts for the £44,000 which was our contribution towards the new building. Following the setting of the new year’s budget which takes into account previous expenditure the financial year and of its incoming resources and application of resources, including its and inflation, the staff wages are reviewed based on the minimum wage and National Living wage which are mandatory together with a comparison of rates paid at similar settings and national wage expectations for comparative posts. income and expenditure, for the 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 accounts, so far as applicable to the company. ## **Retained Cash** The Nursery keeps a cash reserve to ensure that if there was a change to the grant funding for 3- to 4-year-olds and numbers decreased, we would have funds available to use while we reviewed our situation. We may indeed require this and more to maintain our sustainability in these uncertain times. Note: An independent examination is a simpler form of scrutiny than an audit but it still provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. An independent examination provides an external check on the accounts and can be carried out by any person with the relevant ability and experience, except where the gross income exceeds £1m. ## **Reports, Accounts and Returns** The Company is entitled to the exemption from the audit requirement contained in Section 477 of the Companies Act 2006, for the year ended 31[st] July 2022. No member of the company has deposited a notice, pursuant to Section 476 requiring an audit of these accounts. The trustees’ responsibilities for ensuring that the charity keeps accounting records which comply with Section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of ## **Future Plans (2022/23)** We had applied once again for Co-op Community Fund and once again have been successful. Our future plans are always optimistic in continually developing our provision and the range of facilities we can offer. However, as the country plunges into a recession this may impact on the extent of our development plans. Our priorities have to be to ensure the children continue to have a wonderful early years’ experience, to keep well-staffed to support our children and to keep fees as affordable as possible whilst being able to pay the staff and all our other expenses. ## **Declaration** Signed on behalf of the Directors |Signed
Name
Position
Date||| |---|---|---| ||Stewart McKechnie|Rachel Shorrock| ||Company Treasurer|Company Chairperson| ||1stDecember 2022|1stDecember 2022| **Charity registra�on number 1110568** **Company registra�on number 05351277 (England and Wales)** # **TARVIN PRE-SCHOOL NURSERY LIMITED** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2022** ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** C A Hogan L C Jackson S McKechnie K P Perry R L Shorrock A C Johnstone S Radcliffe E L Skillings P S Young **Secretary** C E Norrie **Charity number** 1110568 **Company number** 05351277 **Registered office** Heath Drive Chester Cheshire England CH3 8LS **Independent examiner** Mitchell Charlesworth 24 Nicholas Street Chester CH1 2AU (Appointed 1 December 2022) (Appointed 1 January 2022) (Appointed 1 January 2022) (Appointed 1 December 2022) ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Independent examiner's report|6| |Statement of fnancial ac�vi�es|7| |Balance sheet|8| |Notes to the fnancial statements|9 - 16| ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ The trustees present their annual report and financial statements for the year ended 31 July 2022. The financial statements have been prepared in accordance with the accoun�ng policies set out in note 1 to the financial statements and comply with the charity's cons�tu�on, the Companies Act 2006 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effec�ve 1 January 2019). ## **Business & Ethos of the Nursery** Tarvin Pre­School & Day Nursery provides care and educa�on in line with the Early Years Founda�on Stage for children from the age of two to school age. It is a community Nursery which is a Limited Company and Registered Charity. It is a not for profit organisa�on. The Nursery’s aims are to meet the needs of its stakeholders (parents and children) by offering flexible sessions between 7.30am and 5:30pm term �me and holidays plus an Adventure Camp for school­age children. Our Vision is "to inspire every child to appreciate their own uniqueness and develop their belief and confidence in themselves to achieve their goals. We do this by providing a safe environment where they feel they belong, develop a love for learning through exci�ng and s�mula�ng ac�vi�es and experiences. Children are nurtured by skilled and commiCed prac��oners who have high expecta�ons for all to develop the skills, knowledge and emo�onal wellbeing they will need for life". The trustees have paid due regard to guidance issued by the Charity Commission in deciding what ac�vi�es the charity should undertake. ## **Main Ac'vi'es and Achievements During the Last 12 Month Period** ## **General** We commenced the school year with most Covid restric�ons liDed and more normality. We were able to hold Grandparents Coffee morning and our Na�vity with a live audience. We joined in with events in the local community such as the Christmas Market and the village Fete. We celebrated the Queens Pla�num Jubilee sending a card to Buckingham Palace and holding a party. Our older children “Graduated” and we performed a summer concert and celebrated Percy Pigs 30LM Birthday with an end of term picnic. The Nursery con�nues to be independently run and s�ll very reliant on fund raising to enable the purchase of resources to further enhance our provision. ## **Staf Qualifca'ons/Changes** The team con�nues to be led by Lyn Jackson, the Manager who has a BA(Hons)First in Early Years and Professional Development and also holds Early Years Professional Status which is only awarded to prac��oners whose prac�ce and knowledge of the early years is exemplary. She is supported by a team of qualified prac��oners. Con�nued Professional Development has a high priority and staff con�nued to undertake virtual and online training. The seOng has seen some changes in staffing over the last year. - 1 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **Curriculum Ac�vi�es** The Nursery fully embraces the Early Years Founda�on Stage with emphasis on providing an environment which develops children’s independence, confidence and self­esteem. Ac�vi�es are fun, exci�ng and s�mula�ng based on children’s own interests as well as providing new knowledge and skill development through a variety of topic­based ac�vi�es. Outdoor ac�vi�es feature highly, with children enjoying free flow play, forest school fun and mud kitchen. ## **French, Welsh, Spanish and Makaton** Our twice weekly French, Spanish and Welsh sessions con�nue to be enjoyed and the children are learning to communicate using Makaton signing. ## **Extra Curricular** Our Sports and Ballet sessions resumed. However, Ballet was later put on hold as the school could not accommodate us with a half hour slot at any �me in the week. ## **Links with Primary School** Effec�ve links con�nue to develop with the Primary School and effec�ve Transi�on arrangements fully support children’s move into school smoothly. We acknowledge and thank School for their con�nued support. The older children ere able to benefit from reinstated transi�on visits into school. ## **Ou�ngs/Excursions/Special Events** These included the following:­ Christmas Party World Book Day – The children dressed up as a character from a favourite book Walks in the Community including Woodland Walk Grandparents Coffee Morning Na�vity Hot Cross Bun A4ernoon Leavers’ Gradua�on Parents Evening via phone call/zoom and a face­to­face mee�ng ## **Contribu�ons Made By Volunteers** ## **General** Income received from fees and grants only just normally covers staff wages and general running expenses. All other items (equipment, buildings, repairs, children’s gi4s etc) have to be funded by raising money through fundraising. - 2 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **Fundraising Team** We have been without a fund raising team for several years and the majority of fund raising has been undertaken by the staff. Being a Registered Charity enables us to raise much needed funds to buy the extras, replace and renew resources, provide enhancements to our provision, subsidise ou!ngs, par!es, gi"s at Christmas etc. Our aim is to run three or four main fund­ raising ac!vi!es throughout the year and a few smaller ac!vi!es such as regular cake sales. Due to Covid, most fundraising was unable to take place. We were fortunate to have been chosen to benefit from the Co­op Community Fund once again, however this money will need to be spent on our original bid for funding. ## **Fundraising Events** A full breakdown of what we managed to raise this year is available with the accounts, but events included: Christmas Raffle Na!vity Easter Raffle Summer Raffle Pumpkin Trail Easter Bingo Sponsored Walk (Adults) Children’s Photographs Mother’s Day/Father's Day Gi"s Many thanks to everyone who helped in whatever way they could. ## **A%endance Figures** We started the year in September 2021 with 38 children on the register and ended the year with 47 children on the register – these numbers being lower than the previous year. 22 children le" at the end of the school year to a?end primary schools. ## **Breakfast and Tea Club** This con!nues to offer parents flexibility. Children enjoy a substan!al tea such as baked potatoes, pasta dishes etc and at breakfast there is a choice of cereal, fresh juice and toasted items. This was put on hold for school children apart from siblings for some of the year. ## **Adventure Camp** As we now offer Nursery all year round, there is no longer any Holiday Club for Nursery­age children. We do offer Adventure Camp to school age children and we offered this at Easter, Whit and Summer. ## **Financial Review** A full report on finances is available in the form of our Annual Accounts (explained in full at our AGM). Accounts are prepared using Sage so"ware, in spreadsheet format, monthly, with the only accrual or prepayment consis!ng of late or early receipts at the beginning or end of each financial year. All purchase invoices are paid within 30 days of receipt, or immediately, at year end. An amount for deprecia!on is shown in the accounts for the £44,000 which was our contribu!on towards the new building. Following the seCng of the new year’s budget which takes into account previous expenditure and infla!on, the staff wages are reviewed based on the minimum wage and Na!onal Living wage which are mandatory together with a comparison of rates paid at similar seCngs and na!onal wage expecta!ons for compara!ve posts. ## **Retained Cash** The Nursery keeps a cash reserve to ensure that if there was a change to the grant funding for 3 to 4 year­olds and numbers decreased, we would have funds available to use while we reviewed our situa!on. We may indeed require this and more to maintain our sustainability in these uncertain !mes. - 3 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **Reports, Accounts and Returns** The Company is en�tled to the exemp�on from the audit requirement contained in Sec�on 477 of the Companies Act 2006, for the year ended 31st July 2022. No member of the company has deposited a no�ce, pursuant to Sec�on 476 requiring an audit of these accounts. The trustees’ responsibili�es for ensuring that the charity keeps accoun�ng records which comply with Sec�on 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and applica�on of resources, including its income and expenditure, for the financial year in accordance with the requirements of Sec�ons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rela�ng to accounts, so far as applicable to the company. Note: An independent examina�on is a simpler form of scru�ny than an audit but it s�ll provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. An independent examina�on provides an external check on the accounts and can be carried out by any person with the relevant ability and experience, except where the gross income exceeds £1m. The trustees have assessed the major risks to which the charity is exposed, and are sa�sfied that systems are in place to mi�gate exposure to the major risks. ## **Future Plans (2022/23)** We had applied once again for Co­op Community Fund and once again have been successful. Our future plans are always op�mis�c in con�nually developing our provision and the range of facili�es we can offer. However, as the country plunges into a recession this may impact on the extent of our development plans. Our priori�es have to be to ensure the children con�nue con�nue to have a wonderful early years' experience, to keep well­staffed to support our children and to keep fees as affordable as possible whilst being able to pay the staff and all our other expenses. ## **Structure, governance and management** The charity is a company limited by guarantee, incorporated on the 3 February 2005 and is governed by a cons�tu�on. The charity is also registered with the Charity Commission, registered number 1110568. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: M W Fearnhead (Resigned 25 November 2021) C A Hogan L C Jackson A McGann (Resigned 1 December 2022) S McKechnie K P Perry R L Shorrock M Thomas (Resigned 25 November 2021) A C Johnstone (Appointed 1 December 2022) S Radcliffe (Appointed 1 January 2022) E L Skillings (Appointed 1 January 2022) P S Young (Appointed 1 December 2022) - 4 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ The trustees' aim to ensure that the board has a well rounded set of skills to govern all aspects of the opera�ons of the charity. Trustees are elected by the members to the board. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees' report was approved by the Board of Trustees. S McKechnie R L Shorrock **Trustee Trustee** 6 March 2023 - 5 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF TARVIN PRE-SCHOOL NURSERY LIMITED** I report to the trustees on my examina�on of the financial statements of Tarvin Pre­School Nursery Limited (the charity) for the year ended 31 July 2022. ## **Responsibili�es and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the prepara�on of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having sa�sfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examina�on, I report in respect of my examina�on of the charity’s financial statements carried out under sec�on 145 of the Chari�es Act 2011 (the 2011 Act). In carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examina�on. I confirm that no ma3ers have come to my a3en�on in connec�on with the examina�on giving me cause to believe that in any material respect: - 1 accoun�ng records were not kept in respect of the charity as required by sec�on 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accoun�ng requirements of sec�on 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a ma3er considered as part of an independent examina�on; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prac�ce for accoun�ng and repor�ng by chari�es applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other ma3ers in connec�on with the examina�on to which a3en�on should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mr Robert Hall, FCA **Mitchell Charlesworth** 24 Nicholas Street Chester CH1 2AU Dated: 7 March 2023 - 6 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ |||||**Unrestricted**|**Restricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---|---|---|---|---| |||||**funds**||**funds**||**funds**|**funds**|| |||||**2022**||**2022**|**2022**|**2021**|**2021**|**2021**| ||||**Notes**|**£**||**£**|**£**|**£**|**£**|**£**| |**Income from:**||||||||||| |Dona�ons and legacies|||**3**|315||­|315|1,150|­|1,150| |Charitable ac�|vi�|es|**4**|125,386||119,066|244,452|118,351|162,572|280,923| |Other trading ac||�vi�es|**5**|1,753||­|1,753|1,837|­|1,837| |Investments|||**6**|1||­|1|1|­|1| |||||||||||| |**Total income**||||127,455||119,066|246,521|121,339|162,572|283,911| |||||||||||| |**Expenditure on:**||||||||||| |Raising funds|||**7**|1,030||­|1,030|1,586|­|1,586| |||||||||||| |Charitable ac�|vi�|es|**8**|150,202||119,066|269,268|107,798|162,572|270,370| |||||||||||| |**Total expenditure**||||151,232||119,066|270,298|109,384|162,572|271,956| |||||||||||| |**Net (expenditure)/income for the**||||||||||| |**year/**||||||||||| |**Net movement in funds**||||(23,777)||­|(23,777)|11,955|­|11,955| |Fund balances|at|1 August 2021||113,434||­|113,434|101,479|­|101,479| |||||||||||| |**Fund balances at 31 July 2022**||||89,657||­|89,657|113,434|­|113,434| The statement of financial ac�vi�es includes all gains and losses recognised in the year. All income and expenditure derive from con�nuing ac�vi�es. The statement of financial ac�vi�es also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 7 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 JULY 2022**_ |||**2022**||**2021**|| |---|---|---|---|---|---| ||**Notes**|**£**|**£**|**£**|**£**| |**Fixed assets**|||||| |Tangible assets|**12**||14,906||18,157| |**Current assets**|||||| |Debtors|**13**|2,964||1,123|| |Cash at bank and in hand||78,479||103,200|| ||||||| |||81,443||104,323|| |**Creditors: amounts falling due within one**|||||| |**year**|**14**|(6,692)||(9,046)|| ||||||| |Net current assets|||74,751||95,277| ||||||| |**Total assets less current liabili1es**|||89,657||113,434| |**Income funds**|||||| |Unrestricted funds|||89,657||113,434| ||||||| ||||89,657||113,434| The company is en(tled to the exemp(on from the audit requirement contained in sec(on 477 of the Companies Act 2006, for the year ended 31 July 2022. The directors acknowledge their responsibili(es for complying with the requirements of the Companies Act 2006 with respect to accoun(ng records and the prepara(on of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in ques(on in accordance with sec(on 476. These 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 Trustees on 6 March 2023 S McKechnie **Trustee** ## **Company registra1on number 05351277** - 8 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **1 Accoun�ng policies** ## **Charity informa�on** Tarvin Pre­School Nursery Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Heath Drive, Chester, Cheshire, England, CH3 8LS. ## **1.1 Accoun�ng conven�on** The financial statements have been prepared in accordance with the charity's cons(tu(on, the Companies Act 2006, FRS 102 “The Financial Repor(ng Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Chari(es SORP "Accoun(ng and Repor(ng by Chari(es: Statement of Recommended Prac(ce applicable to chari(es preparing their accounts in accordance with the Financial Repor(ng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effec(ve 1 January 2019). The charity is a Public Benefit En(ty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for chari(es not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the func(onal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost conven(on. The principal accoun(ng policies adopted are set out below. ## **1.2 Going concern** At the (me of approving the financial statements and having due regard to the impact of COVID­19 as referred to in the trustees report, the trustees have a reasonable expecta(on that the charity has adequate resources to con(nue in opera(onal existence for the foreseeable future. Thus, the trustees con(nue to adopt the going concern basis of accoun(ng in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discre(on of the trustees in furtherance of their charitable objec(ves. Restricted funds are subject to specific condi(ons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally en(tled to it aFer any performance condi(ons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash dona(ons are recognised on receipt. Other dona(ons are recognised once the charity has been no(fied of the dona(on, unless performance condi(ons require deferral of the amount. Income tax recoverable in rela(on to dona(ons received under GiF Aid or deeds of covenant is recognised at the (me of the dona(on. Turnover is measured at the fair value of the considera(on received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. - 9 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **1 Accoun�ng policies** ## **(Con�nued)** ## **1.5 Expenditure** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or construc�ve obliga�on to make payments to third par�es, it is probable that the se�lement will be required and the amount of the obliga�on can be measured reliably. It is categorised under the following headings: - Expenditure on charitable ac�vi�es includes the costs incurred in the management of its various projects and ac�vi�es: and - Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the ac�vity for which expenditure arose. Support costs are those that assist the work of the charity but do not directly represent charitable ac�vi�es and include office costs, governance costs, administra�ve payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly a�ributed to par�cular headings they have been allocated to cost of raising funds and expenditure on charitable ac�vi�es on a basis consistent with use of the resources. An analysis of these costs is included in note 9. ## **1.6 Tangible fixed assets** Tangible fixed assets are ini�ally measured at cost and subsequently measured at cost or valua�on, net of deprecia�on and any impairment losses. Deprecia�on is recognised so as to write off the cost or valua�on of assets less their residual values over their useful lives on the following bases: Leasehold land and buildings 10% straight line Fixtures and fi3ngs 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial ac�vi�es. ## **1.7 Impairment of fixed assets** At each repor�ng end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indica�on that those assets have suffered an impairment loss. If any such indica�on exists, the recoverable amount of the asset is es�mated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short­term liquid investments with original maturi�es of three months or less, and bank overdra:s. Bank overdra:s are shown within borrowings in current liabili�es. - 10 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **1 Accoun�ng policies** ## **(Con�nued)** ## **1.9 Financial instruments** The charity has elected to apply the provisions of Sec�on 11 ‘Basic Financial Instruments’ and Sec�on 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabili�es are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an inten�on to se)le on a net basis or to realise the asset and se)le the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are ini�ally measured at transac�on price including transac�on costs and are subsequently carried at amor�sed cost using the effec�ve interest method unless the arrangement cons�tutes a financing transac�on, where the transac�on is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amor�sed. ## _**Basic financial liabili�es**_ Basic financial liabili�es, including creditors and bank loans are ini�ally recognised at transac�on price unless the arrangement cons�tutes a financing transac�on, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabili�es classified as payable within one year are not amor�sed. Debt instruments are subsequently carried at amor�sed cost, using the effec�ve interest rate method. Trade creditors are obliga�ons to pay for goods or services that have been acquired in the ordinary course of opera�ons from suppliers. Amounts payable are classified as current liabili�es if payment is due within one year or less. If not, they are presented as non­current liabili�es. Trade creditors are recognised ini�ally at transac�on price and subsequently measured at amor�sed cost using the effec�ve interest method. ## _**Derecogni�on of financial liabili�es**_ Financial liabili�es are derecognised when the charity’s contractual obliga�ons expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday en�tlement is recognised in the period in which the employee’s services are received. ## **1.11 Tax** The charity is an exempt charity within the meaning of schedule 3 of the Chari�es Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the defini�on of a charitable company for UK corpora�on tax purposes. - 11 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **2 Cri�cal accoun�ng es�mates and judgements** In the applica�on of the charity’s accoun�ng policies, the trustees are required to make judgements, es�mates and assump�ons about the carrying amount of assets and liabili�es that are not readily apparent from other sources. The es�mates and associated assump�ons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these es�mates. The es�mates and underlying assump�ons are reviewed on an ongoing basis. Revisions to accoun�ng es�mates are recognised in the period in which the es�mate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Dona�ons and legacies** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2022**|2021| ||**£**|£| |Dona�ons and gi*s|315|1,150| - **4 Charitable ac�vi�es** ||**2022**||**2021**| |---|---|---|---| ||**£**||**£**| |Sales within charitable ac�vi�es|125,386||118,351| |Performance related grants|119,066||162,572| ||||| ||244,452||280,923| |Analysis by fund|||| |Unrestricted funds|125,386||118,351| |Restricted funds|119,066||162,572| ||||| ||244,452||280,923| |**Performance related grants**|||| |EYFS grant|112,952||154,721| |Milk grant|664||927| |Edsen�al grant|3,614||3,578| |Coronavirus Job Reten�on Scheme|419||1,910| |Co­op grant|1,417||1,436| ||||| ||119,066||162,572| - 12 - ## **TARVIN PRE­SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ |**5**|**Other trading ac�vi�es**|||||| |---|---|---|---|---|---|---| ||||**Unrestricted**||Unrestricted|| |||||**funds**||funds| |||||**2022**||2021| |||||**£**||£| ||Fundraising events|||1,753||1,837| |**6**|**Investments**|||||| ||||**Unrestricted**||Unrestricted|| |||||**funds**||funds| |||||**2022**||2021| |||||**£**||£| ||Interest receivable|||1||1| |**7**|**Raising funds**|||||| ||||**Unrestricted**||Unrestricted|| |||||**funds**||funds| |||||**2022**||2021| |||||**£**||£| ||Fundraising and publicity|||||| ||Staging fundraising events|||1,030||1,586| |||||||| |||||1,030||1,586| - 13 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **8 Charitable ac!vi!es** ||||||||||**2022**||**2021**| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||**£**||**£**| |Staf costs|||||||||219,988||212,478| |Purchases|||||||||26,340||29,161| |Premises costs|||||||||2,594||5,872| |Repairs and maintenance|||||||||1,024||513| |Insurance|||||||||1,077||1,462| |Other staf costs|||||||||2,807||3,455| |Telephone|||||||||(1,221)||1,571| |Ofce expenditure|||||||||3,846||3,017| |Adver)sing|||||||||114||149| |Sundries|||||||||759||532| |Subscrip)ons|||||||||3,896||4,697| ||||||||||||| ||||||||||261,224||262,907| |Share of support costs (see note 9)|||||||||6,359||5,963| |Share of governance costs (see note 9)|||||||||1,685||1,500| ||||||||||||| ||||||||||269,268||270,370| |**Analysis by fund**|||||||||||| |Unrestricted funds|||||||||150,202||107,798| |Restricted funds|||||||||119,066||162,572| ||||||||||||| ||||||||||269,268||270,370| |**Support costs**|||||||||||| |**Support costs**||**Governance**|||**2022 **|**Support costs**||**Governance**|||**2021**| ||||**costs**||||||**costs**||| ||**£**||**£**||**£**||**£**||**£**||**£**| |Deprecia)on|6,359||­||6,359||5,963||­||5,963| |Audit fees|­||1,560||1,560||­||1,406||1,406| |Legal and professional|­||13||13||­||13||13| |Bank charges|­||112||112||­||81||81| ||||||||||||| ||6,359||1,685||8,044||5,963||1,500||7,463| |Analysed between|||||||||||| |Charitable ac)vi)es|6,359||1,685||8,044||5,963||1,500||7,463| ## **9 Support costs** - 14 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2022**_ ## **10 Trustees** L C Jackson and K Perry are trustees of the charity and are remunerated through the payroll. They received no remunera�on in rela�on to carrying out their roles as trustees. ## **11 Employees** The average monthly number of employees during the year was: |The average monthly number of employees during the year was:|||| |---|---|---|---| ||**2022**||**2021**| ||**Number**||**Number**| |Nursery prac��oners|11||11| |Management|3||3| ||||| |Total|14||14| |**Employment costs**|**2022**||**2021**| ||**£**||**£**| |Wages and salaries|219,988||212,478| There were no employees whose annual remunera�on was more than £60,000. ## **12 Tangible fixed assets** |**Tangible fxed assets**|||||| |---|---|---|---|---|---| ||**Leasehold land**||
**Fixtures and**||**Total**| ||**and buildings**||**f/ngs**||| |||**£**|**£**||**£**| |**Cost**|||||| |At 1 August 2021||44,400|12,741||57,141| |Addi�ons||­|3,107||3,107| ||||||| |At 31 July 2022||44,400|15,848||60,248| ||||||| |**Deprecia0on and impairment**|||||| |At 1 August 2021||30,810|8,173||38,983| |Deprecia�on charged in the year||4,440|1,919||6,359| ||||||| |At 31 July 2022||35,250|10,092||45,342| ||||||| |**Carrying amount**|||||| |At 31 July 2022||9,150|5,756||14,906| |At 31 July 2021||13,590|4,567||18,157| - 15 - ## **TARVIN PRE-SCHOOL NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 JULY 2022**_ |**13**|**Debtors**||| |---|---|---|---| |||**2022**|**2021**| ||**Amounts falling due within one year:**|**£**|**£**| ||Other debtors|2,220|1,063| ||Prepayments and accrued income|744|60| ||||| |||2,964|1,123| ## **14 Creditors: amounts falling due within one year** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Other taxa�on and social security|­|1,396| |Other creditors|6,692|7,650| |||| ||6,692|9,046| ## **15 Re1rement benefit schemes** The charity operates a defined contribu�on pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **16 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of dona�ons and grants held on trust for specific purposes: ||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**|| |---|---|---|---|---|---|---| ||**Incoming**|
**Resources**|**Balance at**|**Incoming**|
**Resources**|**Balance at**| ||**resources**|**expended**|**1 August 2021**|**resources**|**expended**|**31 July 2022**| ||**£**|**£**|**£**|**£**|**£**|**£**| |EYFS grant|154,721|(154,721)|­|112,952|(112,952)|­| |Milk grant|927|(927)|­|664|(664)|­| |Edsen�al grant|3,578|(3,578)|­|3,614|(3,614)|­| |Job Reten�on Scheme|1,910|(1,910)|­|419|(419)|­| |Co­op grant|1,436|(1,436)|­|1,417|(1,417)|­| |||||||| ||162,572|(162,572)|­|119,066|(119,066)|­| - 16 - TARVIN PRE-SCHOOL NURSERY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TARVIN PRE-SCHOOL NURSERY LIMITED I report to the tru5tee5 on my examination of the linancial 5tatement5 of Tarvin Pre-school Nursery Limited (the charityl for the year ended 31 July 2022. Responsibilities and basis of report A5 the tru5tee5 of the charity13nd also its directors for the purposes of company lawl you are responsible for the preparation of the linancial statement5 in accord3nce with the requirernents of the Companie5 Act 2006 (the 2006Actl. H3vinB satisfied myself that the financial statements of the ch3ritY 3re not required to be audited under P3rt 16 of the 2006 Act and are eligible for indepèndent examin3tion, I report in respect of my examination of the ch3rity's fin3ncial st3tements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed 311 the applicable Directions given by the Charity Commission under secDon 14515llbl of the 2011 Act. Independent examiner's ststement 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 that in any material respect.. accounting r&cords were not kept in respect of th& charity 8s required by section 386 of the 2006Act,' or the h"nancial statements do not accord with those record5,' or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts Eive a true and fair view which is not a matter considered as part of an independent examination., or the fi'nancial statements have not been prepar&d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities 8pplicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connecknon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mr Robert Hall, FCA Mitchell Charlesworth 24 Nicholas Street Chester CH12AU Dated.. 7 March 2023