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2021-08-31-accounts

Contents ofthe Financial Statements	Contents ofthe Financial Statements	Contents ofthe Financial Statements
For The Year Ended 31 Au		ust 2021
				Page
Report ofthe Trustees			1	lo	4
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements			10	to	16

		Fo	rThe Year Ended 31 Au us	t 2021
				31.8.21	31.8.20
				Unrestricted	Total
			Notes	funds 6	fundsf
INCOME AND ENDOWMENTS		FROM
Charitable activities
Nursery provision				604,928	552,822
Other trading activities					528
Investment income				53	637
Total				604,981	553,987
EXPENDITURE ON
Charitable activities
Nursery provision				593,261	511,829
NET INCOME/(EXPENDITURE)				11,720	(57,842)
RECONCILIATION OF FUNDS
Total funds brought	forward			473,401	531,243
TOTAL FUNDS CARRIED FORWARD				485,121	473,401

				Mar	aret McMillan Limit	ed
					Cash Flow Statement
				For The	Year Ended 31 Au	ust 2021
						31.8.21	31.8.20
				Notes		f	f
Cash flows from	operating		activities
Cash generated from operations				1		15,628	(2,537)
Net cash provided	by/(used		in) operating	activities		15,628	(2,537)
Cash flows from	investing		activities
Purchase oftangible fixed assets						(169)	(25,428)
Interest received						53	637
Net cash used in	investing	activities				(116)	(24,791)
Change in cash	and cash		equivalents	in
the reporting period						15,512	(27,328)
Cash and cash equivalents			at the
beginning ofthe	reporting		period			425,877	453,205
Cash and cash equivalents			at the end	of
the reporting period						441,389	425,877

RECONCILIATION ACTIVITIES	OF NE	T I	NCOME/(EXPEN	DITURE) TO NET	CASH FLOW	FROM OPERATI	NG
						31.8.21	31.8.20
						6
Net income/(expenditure)		for the reporting		period (as per the
Statement of Financial Activities)						11,720	(57,842)
Adjustments for.
Depreciation charges						15,950	15,943
Loss on disposal of	fixed assets						36,968
Interest received						(53)	(637)
(Increase)/decrease	in debtors					(2,459)	2,231
(Decrease)/increase	in creditors					(9,530)	810
Net cash provided	by/(used		in) operations			15,628	(2,537)
ANALYSIS OF CHANGES		IN	NET FUNDS
					Al 1.9.20	Cash flow	At 31.8.21
						f
Net cash
Cash at bank					425,877	(425,878)	441,389
					425,877	(425,878)	441,389
Total					425,877	(425,878)	441,389

Financial instruments	Financial instruments
The trust only has financial		assets and		financial	liabilities		of a kind	that	qualify as basic financial			instruments.
Basic financial	instruments	are	initially	recognised		at transaction		value	and	subsequently	measured at their
settlement value.
OTHER TRADING ACTIVITIES
										31.8.21 6		31.8.20 f
Fundraising events												528
INVESTMENT INCOME
										31.8.21		31.8.20
Deposit account	interest									53		637
INCOME FROM	CHARITABLE		ACTIVITIES
										31.8.21		31.8.20
		Activity										f
Fees		Nursery		provision						423,683		314,169
Grants		Nursery		provision						180,413		237,793
Milk rebates		Nursery		provision						832		860
										604,928		552,822
CHARITABLE ACTIVITIES		COSTS
										Support
								Direct		costs (see
								Costs f		note 6) F		Totalsf
Nursery provision								570,409		22,852		593,261

SUPPORT C	OSTS
					Governance
			Depreciation	Finance	costs	Totals
			6	6	F	8
Nursery provision			15,950	1,168	5,734	22,852
Support costs, included		in the above, are as	follows:		31.8.21	31.8.20
					Nursery	Total
					provision	activities f
Depreciation	oftangible	and heritage assets			15,950	15,943
Loss on sale	oftangible	fixed assets				36,958
Bank charges					1,168	1,631
Independent	examiners	fee			1,560	1,687
Accountancy	fees				4,174	4,337
					22,852	60,556
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated afier charging/(crediting):
					31.8.21	31.8.20
						f
Independent	examiners	fee			1,560	1,687
Depreciation	- owned assets				15,950	15,942
Other operating leases					4,788	4,788
Deficit on disposal offixed assets						36,958

Staff C	osts
						2021	2020
						f	f
Gross staff salaries						458,985	436,887
Employers national			insurance			25,524	26,033
Pension	contributions					8,887	7,862
Agency	staff					5,248	803
						498,644	471,585
The average		monthly	number ofemployees		during the year was as follows:
						2021	2020
Nursery	staff					28	27
No employees		received emoluments		in excess off60,000.

					Unrestricted
					funds
INCOME AND ENDOWMENTS		FROM
Charitable activities
Nursery provision					552,822
Other trading activities					528
Investment income					637
Total					553,987
EXPENDITURE ON
Charitable activities
Nursery provision					611,829
NET INCOME/(EXPENDITURE)					(57,842)
RECONCILIATION	OF FUNDS
Total funds brought forward					531,243
TOTAL FUNDS CARRIED FORWARD					473,401
TANGIBLE FIXEDASSETS
			Improvements	Fixtures
			to	and
			property 5	fittings f	Totals f
COST
At 1 September 2020			108,647	50,776	159,423
Additions				169	169
At 31 August 2021			108,647	50,945	159,592
DEPRECIATION
At 1 September 2020			81,481	19,522	101,003
Charge for year			10,865	5,085	15,950
At 31 August 2021			92,346	24,607	116,953
NET BOOK VALUE
At 31 August 2021			16,301	26,338	42,639
At 31 August 2020			27,166	31,254	58,420

FIXEDASSET INVESTMENTS
	Unlisted
	investments
	E
MARKET VALUE
At 1 September 2020 and 31 August 2021	4,000
NET BOOK VALUE
At 31 August 2021	4,000
At 31 August 2020	4,000

						31.8.21 f	31.8.20 8
Trade debtors						2,847	388
CREDITORS:	ANIOUNTS	FALLING DUE WITHIN ONE YEAR
						31.8.21	31.8.20
							5
Trade creditors							606
Other creditors							7,419
Accrued expenses						5,754	7,259
						5,754	15,284
LEASING AGREEMENTS
Minimum lease payments		under non-cancellable	operating	leases	fall due as follows:
						31.8.21	31.8.20
						E	6
Within one year						888	888
Between one	and five years					606	1,494
						1,494	2,382
NIOVEMENT	IN FUNDS
						Net
						movement	At
					At 1.9.20	in funds	31.8.21
					E	2	6
Unrestricted	funds
General fund					473,401	11,720	485,121
TOTAL FUNDS					473,401	11,720	485,121

Net mov	ement		in funds,	inc	lud	ed in t	he above	are as follows:
									Incoming	Resources	Movement
									resources f	expended f	in funds
Unrestricted			funds
General	fund								604,981	(593,261)	11,720
TOTAL	FUNDS								604,981	(593,261)	11,720
Comparatives			for movement			in funds
										Net
										movement	At
									At 1.9.19	in funds f	31.8.20 f
Unrestricted			funds
General	fund								531,243	(57,842)	473,401
TOTAL	FUNDS								531,243	(57,842)	473,401
Comparative		net movement			in	funds,	included	in the above are as follows:
									Incoming	Resources	Movement
									resources f	expended f	in funds 6
Unrestricted			funds
General	fund								553,987	(611,829)	(57,842)
TOTAL	FUNDS								553,987	(611,829)	(57,842)
A current	year		12 months	and		prior year 12 months combined			position is as follows:
										Net
										movement	At
									At 1.9.19 f	in funds 6	31.8.21 6
Unrestricted			funds
General	fund								531,243	(46,122)	485,121
TOTAL	FUNDS								531,243	(46, 122)	485,121

			Incoming	Resources	Movement
			resources 6	expended	in funds f
Unrestricted		funds
General	fund		1,158,968	(1,205,090)	(46,122)
TOTAL	FUNDS		1,158,968	(1,205,090)	(46,122)