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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 06051327 (England and Wales) REGISTERED CHARITY NUMBER: 1120856

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aim is to provide community services for young children as a not-for-profit charitable organisation. The focus of the charity's activity is in the form of a pre-school nursery. The nursery, Little Wonders Nursery, provides a high standard of education in accordance with Ofsted requirements.

Significant activities

The aim of the charity is to enhance the development and education of children of statutory pre-school age (3-5) Sessional Day Care and by:

Providing high quality care and education for children primarily below statutory school age;

Offering appropriate play facilities ensuring that such sessions offer opportunities for all children, regardless of race, culture, religion or means.

For the furtherance of this aim, the charity may:

Volunteers

Many volunteers give up their time to help out the charity in improving the nursery in all areas. The charity is greatly indebted to these volunteers for their commitment and support. This year volunteers have helped with refurbishment work and work with identifying and providing resources.

Page 1

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

The charity carries out activities in pursuit of its aims and objectives. These benefit the users of the nursery and the wider community of Fishwick. This year the nursery has schooled around 90 children during the year.

Educational Activities

We have provided a pre-school nursery education of a high quality standard this year. This provision is registered with and inspected by Ofsted. The nursery provision has allowed the children within the community to develop their skills in numeracy, literacy, social awareness, and physical activities with the advantage of achieving this very close to home.

The services are open to children from all communities and backgrounds. Our equal opportunities policy and diversity helps ensure fulfilment of this aim. We are presently trying to further this aim within the bridging communities' incentive.

Our building and resources has allowed the children to have access to opportunities in indoor and outdoor activities.

Consultancy Service

We also have delegations from around the country seeking help and assistance. Our setting acts as an ideal location to present a product of high quality. Thus guiding and advising others to provide a similar service in their communities serving the public. This incentive has already assisted a new set-up in a nearby community and presently aiding another in the Preston Area. The new nursery was opened to the public in January 2011.

Staff Team

Our staff team has developed numerous skills in childcare services since their employment at the setting. Training is regularly available in partnership with the local council. The team includes staff that have previously been unemployed for long periods. They also include persons mainly from the local community. This year we have developed and employed 16 staff members.

Parent Partnership

The parents are afforded opportunities to take part in their child's development via trips, parents day and informal discussions. Ofsted visits are announced to them and inspection reports are handed out to all. They have access to literature and leaflets, which allow them to access opportunities to develop their own skill in numeracy, literacy, IT etc at children centres around Preston. This year we have helped two parents into childcare education and gainful employment.

FINANCIAL REVIEW

Principal funding sources

Little Wonders Nursery is pleased and fortunate to receive funding from a number of organisations and individual sources. During the current year they received funding from the following:

Lancashire County Council

The remainder of the funding relates to nursery fees whether direct from the parents or parents assisted government funding.

Reserves policy

The General fund represents funds arising from past operating results. The trustees are satisfied that the balance of the fund will enable the charity to meet its objectives. The trustees have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 3 to 6 months of operational expenditure.

Page 2

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

FUTURE PLANS

We intend to maintain our current facilities, as they have been successful in the local community.

We also intend to develop similar facilities in neighbouring areas to help facilitate a successful nursery provision. Our experience and expertise will help develop other teams of competent volunteers who will serve the public in a similar manner.

Plans for the future may involve the purchase of an independent site for the nursery and/or primary school provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The charity is managed by the trustees. The details of the current trustees are below:

N Toorawa (Chairman) S Umar (General Secretary) R Atcha (Treasurer)

The appointment of trustees is governed by the trust deed.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06051327 (England and Wales)

Registered Charity number

1120856

Registered office

50-54 Fishwick Parade Preston Lancashire PR1 4XQ

Trustees

R Atcha Minister of Religion (Priest/Imam) N Toorawa Minister of Religion (Priest/Imam) S Y Umar

Company Secretary

N Toorawa

Independent Examiner

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

Approved by order of the board of trustees on 12 December 2021 and signed on its behalf by:

Page 3

LrrrLE WONDEILS NUILSERY AND EDUCATIONAL SERIqCLS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ALTC.U.ST 2021 S Y Umar- Trnsiee Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

Independent examiner's report to the trustees of Little Wonders Nursery and Educational Services Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Shamim Mahomed ICAEW SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

12 December 2021

Page 5

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
1
Charitable activities
4
Support Costs
1,253
Other trading activities
3
86,618
Other income
-
Total
87,872
EXPENDITURE ON
Charitable activities
5
Support Costs
12,079
Provision of Services
64,015
Management & Administration
4,213
Total
80,307
NET INCOME
7,565
RECONCILIATION OF FUNDS
Total funds brought forward
424,370
TOTAL FUNDS CARRIED FORWARD
431,935
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
2021
Total
funds
£
1
1,253
86,618
-
87,872
12,079
64,015
4,213
80,307
7,565
424,370
431,935
2020
Total
funds
£
(1)
7,575
138,272
10,000
155,846
11,567
55,685
4,894
72,146
83,700
340,670
424,370

The notes form part of these financial statements

Page 6

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

BALANCE SHEET 31 AUGUST 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
71,245
CURRENT ASSETS
Debtors
13
116,599
Cash at bank and in hand
248,996
365,595
CREDITORS
Amounts falling due within one year
14
(4,905)
NET CURRENT ASSETS
360,690
TOTAL ASSETS LESS CURRENT
LIABILITIES
431,935
NET ASSETS
431,935
FUNDS
15
Unrestricted funds
TOTAL FUNDS
Restricted
fund
£
-
-
-
-
-
-
-
-
2021
Total
funds
£
71,245
116,599
248,996
365,595
(4,905)
360,690
431,935
431,935
431,935
431,935
2020
Total
funds
£
70,642
115,948
238,183
354,131
(403)
353,728
424,370
424,370
424,370
424,370

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

BALANCE SHEET - continued 31 AUGUST 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2021 and were signed on its behalf by:

S Y Umar - Trustee

The notes form part of these financial statements

Page 8

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Administrative expenditure

Administrative expenditure comprises all costs incurred in running the charity, which can not be directly allocated, to the charity's projects or to fund-raising.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

General Funds

General Funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated Funds

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds, which are used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The cost of raising and administrating such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to financial statements.

Endowment Funds

Endowment Funds represent those assets, which must be held permanently by the charity, principally investments. Income arising from endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against part of the fund.

continued...

Page 9

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Student Fees
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Support Costs
Grants received, included in the above, are as follows:
HMRC JRS Grant
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Support Costs
12,029
Provision of Services
64,015
Management & Administration
1,764
77,808
2021
£
1
2021
£
86,618
2021
£
1,253
2021
£
1,253
Support
costs (see
note 7)
£
50
-
2,449
2,499
2020
£
(1)
2020
£
138,272
2020
£
7,575
2020
£
7,575
Totals
£
12,079
64,015
4,213
80,307

continued...

Page 10

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Support
Costs
Provision of
Services
Management
&
Administration
Year
Ended31/08/2
0
£ £ £ £
Wages 9178 36,163 45,341
Social Security
Rent, Rates & Water 11,716 1,302 13,018
Insurance 1,176 1,176
Light & Heat 2,135 2,135
Telephone 88 707 88 883
Postage & Stationery 153 38 191
Purchases 1,040 1,040
Repairs & Renewals 1,254 430 1,684
Cleaning 301 1,204 1,505
Legal and Professional 24 24
Advertising 150 150
Sundries
Travel and subsistence 180 20 200
Donations 2000 2000
Accountancy 1,690 1,690
Fixtures & Fittings 752 752
Computer Equipment 358 358
11,567 55,685 4,894 72,147

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Management costs Totals
£ £ £
Support Costs 50 - 50
Management & Administration 589 1,860 2,449
639 1,860 2,499

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets

2021 2020
£ £
1,140 1,110

continued...

Page 11

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

10. STAFF COSTS

The average monthly number of employees during the year was as follows:

11.

Average number of employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
(1)
Charitable activities
Support Costs
7,575
Other trading activities
138,272
Other income
10,000
Total
155,846
EXPENDITURE ON
Charitable activities
Support Costs
11,567
Provision of Services
55,685
Management & Administration
4,894
Total
72,146
NET INCOME
83,700
RECONCILIATION OF FUNDS
Total funds brought forward
340,670
TOTAL FUNDS CARRIED FORWARD
424,370
2021
10
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
2020
11
Total
funds
£
(1)
7,575
138,272
10,000
155,846
11,567
55,685
4,894
72,146
83,700
340,670
424,370

continued...

Page 12

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

12. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 September 2020
65,652
Additions
-
At 31 August 2021
65,652
DEPRECIATION
At 1 September 2020
-
Charge for year
-
At 31 August 2021
-
NET BOOK VALUE
At 31 August 2021
65,652
At 31 August 2020
65,652
13.
DEBTORS
Amounts falling due within one year:
Other debtors
Prepayments
Amounts falling due after more than one year:
Other loans
Aggregate amounts
Fixtures
and
fittings
£
14,462
1,743
16,205
10,198
901
11,099
5,106
4,264
Computer
equipment
£
3,925
-
3,925
3,199
239
3,438
487
726
2021
£
11,984
115
12,099
104,500
116,599
Totals
£
84,039
1,743
85,782
13,397
1,140
14,537
71,245
70,642
2020
£
10,215
733
10,948
105,000
115,948

continued...

Page 13

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
2021
£
(425)
(3,021)
3,651
4,700
4,905
2020
£
130
(3,285)
(1,142)
4,700
403

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Initial Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Initial Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Initial Fund
TOTAL FUNDS
At 1/9/20
£
339,843
84,527
424,370
424,370
Incoming
resources
£
87,872
87,872
At 1/9/19
£
339,843
827
340,670
340,670
Net
movement
At
in funds
31/8/21
£
£
-
339,843
7,565
92,092
7,565
431,935
7,565
431,935
Resources
Movement
expended
in funds
£
£
(80,307)
7,565
(80,307)
7,565
Net
movement
At
in funds
31/8/20
£
£
-
339,843
83,700
84,527
83,700
424,370
83,700
424,370

continued...

Page 14

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Initial Fund
TOTAL FUNDS
Incoming
resources
£
155,846
155,846
Resources
Movement
expended
in funds
£
£
(72,146)
83,700
(72,146)
83,700
Resources
Movement
expended
in funds
£
£
(72,146)
83,700
(72,146)
83,700
83,700

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Initial Fund
TOTAL FUNDS
At 1/9/19
£
339,843
827
340,670
340,670
Net
movement
in funds
£
-
91,265
91,265
91,265
At
31/8/21
£
339,843
92,092
431,935
431,935

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Initial Fund 243,718 (152,453) 91,265
TOTAL FUNDS 243,718 (152,453) 91,265

Page 15

continued...

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

Page 16

LITTLE WONDERS NURSERY AND EDUCATIONAL SERVICES LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Student Fees
Charitable activities
Grants
Other income
Sundry Receipts
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Rent, Rates and water
Light and heat
Telephone
Postage and stationery
Advertising
Purchases
Repairs and Renewals
Cleaning
Legal & Professional Fees
Travel and subsistence
Donations
Fixtures and fittings
Computer equipment
Support costs
Management
Insurance
Sundries
Governance costs
Accountancy and legal fees
Total resources expended
Net income
2021
£
1
86,618
1,253
-
87,872
56,251
13,147
1,861
785
66
-
2,315
739
1,003
-
-
500
901
240
77,808
539
100
639
1,860
80,307
7,565
2020
£
(1)
138,272
7,575
10,000
155,846
45,341
13,018
2,134
884
191
150
1,040
1,683
1,505
24
200
2,000
752
358
69,280
1,176
-
1,176
1,690
72,146
83,700

This page does not form part of the statutory financial statements

Page 17