2020-08-31-accounts - Margaret Mcmillan Limited

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		10	to	16

				For The Year Ended 3	1Au ust 2020
					31.8.20	31.8.19
				Notes	6	6
Cash flows from operating			scdvitles
Cash generated	from operations				(2437)	47,154
Net cash (used in)/provided			by operabng	activities	(2537)	47,154
Cash flows from investing			activhies
Purchase oftangible fixed assets					(25,428)	(16,378)
Interest received					637	679
Net cash used in	investing	acfivities			(24,791)	(15,699)
Change in cash repordng period	snd cash		equivalents	in the	(27,328)	31,455
Cash and cash	equivalents		atthe beginning
ofthe reporting	period				453,206	421,750
Cash and cash	equivalerrts		atthe end	ofthe
reporting period					425,877	453,205

	INCOME FR	OM CHAR	ITABLE A	CTMT	IES
							31.8.20	31.8.19
				Activity				5
	Fees			Nursery	provision		314,169	429,685
	Grants			Nursery	provision		237,793	176,059
	Milk rebates			Nursery	provision		860	1,113
							552,822	505,857
6.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs f	nots 7)	Totals 6
	Nursery provision					551,273	60,666	611,829
7.	SUPPORT COSTS
							Governance
					Depreciabon 6	Finance f	costs	Totals f
	Nursery provision				62,901	1,631	6,024	60,666
	Support costs, induded		in the above, are		as follows:		31.8.20	31.8.19
							Nursery	Total
							provision	actNities
							6
	Depreciabon	oftangible	and heritage assets				15,943	16,468
	Loss on sale	oftangible	fixed assets				36,968
	Bank charges						1,631	2,306
	independent	examiners	fee				1,687	1,440
	Accountancy	fees					4,337	3,958
							60,666	23,162
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated	after charging/(crediting)
							31.8.20	31.8.19
								F
	Independent	examiners	fee				1,687	1,440
	Depreciabon	—owned assets					15,942	15,457
	Other operating leases						4,788	5,249
	Deficit on disposal offixed assets						36,968

Staff Costs
						2020	2019
							6
Gross staff salaries						436,887	430,013
Fmployers national		insurance				26,033	23,903
Pension contributions						7,862	6,899
Agency staff						803	3,856
						471,585	464,671
The average monthly		number of	employees		during the year was as follows.
						2020	2019
Nursery staff						27	28
No employees received emoluments				in excess ofF60,000
COMPARATIVES FOR THE STATENIENT					OF FINANCIAL ACTIVITIES
					Unrestricted	Restncted	Total
					funds	fundf	funds
INCOME AND ENDOWMENTS			FRONI
Donations and legacies					727		727
Charitable activities
Nursery provision					606,857		606,857
Other trading activities					414		414
Investment mourne					679		679
Total					608,677		608,677
EXPENDITURE ON
Charitable activities
Nursery provision					583,956		583,956
NET INCOME					24,721		24,721
RECONCILIATION	OF FUNDS
Total funds brought		forward
TOTAL FUNDS CARRIED FORWARD					531,243		531,243
					Page 13		continued

Notes the Fina I F rThe Year Ended	ments - con 31Au ust2020
TANGIBLE FIXEDASSETS
	Improvements	Fixtures
	to	aitd
	property F	fiBngs f	Totals f
COST
At 1 September 2019	125,026	45,928	170,953
Additions	20,580	4,848	25,428
Disposals	(36,958)		(36,968)
At 31 August 2020	108,647		169,423
DEPRECIATION
At 1 September 2019	70,617	14,444	85,061
Charge foryear	10,864	5,078	15,942
At 31August2020	81,481	19,522	101,003
NET BOOK VALUE
At31 August2020		31,264	68,420
At 31 August 2019		31,464	85,892
FIXEDASSET INVESTMENTS
			Unlisted
			investments
MARKET VALUE
At 1 September 2019and 31 August 2020			4,000
NET BOOK VALUE
At31 August2020			4,000
At 31 August 2019			4,000

Comparative	net movement in funds, included in th	e above sr	s as foll	ows:
				Incoming	Resources	Movemsnt
				resources f	expended F	in funds E
Unrestricted	funds
General fund				608,677	(583,956)	24,721
TOTAL FUNDS				608,677	(583,956)	24,721
A current year	12months and prior year 12months	combined	position	is as follows:
					Net
					movemsnt	At
				At 1.9.18	in funds	31.820
					6
Unrestricted	funds
General fund				506,522	(33,121)	473,401
TOTAL FUNDS				506,522	(33,121)	473,401

A current yea follows:	r 12 months and prior year 12	months combined net movement in fu	nds, induded in t	hs above are
		Incoming	Resources	Movement
		resources	expended	in funds
				f.
Unrestricted	funds
General fund		1,162,664	(1,195,785)	(33,121)
TOTAL FUNDS		1,162,664	(1,195,785)	(33,121)