|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)| ##