Report of the Directors and Unaudited Financial Statements For the Year Ended 31[st] August 2020
For
The Village Pre-School (Gorse Covert)
The Village Pre-School (Gorse Covert) Company Information For the Year Ended 31[st] August 2020
Directors Who resigned during period NONE Secretary Who resigned during period ONE
Registered Office: The Village Pre-School (Gorse Covert) Gorse Covert Road, Gorse Covert WARRINGTON WA3 6TS
Company Reg Number: 06421707 (England & Wales) Charity Reg Number : 01122485
Accountants: 4291 Limited
35 Highbury Avenue
Irlam
MANCHESTER M44 6BU
The Village Pre-School (Gorse Covert)
Company Information
For the Year Ended 31[st] August 2020
Bankers: Santander
Bridle Road
Bootle
LIVERPOOL GIR 0AA
Secure Trust Bank
1 Arleston Way
Solihull
West Midlands B90 4LH
The Village Pre-School (Gorse Covert)
Report of the Directors
For the Year Ended 31[st] August 2020
The directors present their report with the financial statements of the company for the Year Ended 31[st] August 2020
Incorporation
The community investment company was incorporated 8[th] November 2007.
Principal Activity
The principal activity of the community investment company in the period under review was that of pre-school nursery care grant funding, fee charging, donations and fund raising.
Directors who have held office during 31[st] August 2020 are;
Hannah Thomas
Monika Boscarino
Rhian Keogh
Lindsay Marston
Secretary: Jennifer Courbet
All directors who are eligible offer themselves for election at the Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of The Companies Act relating to small companies.
The Village Pre-School (Gorse Covert) For the Year Ended 31[st] August 2020
Notes to the Financial Statements for the Year Ended 31st August 2020
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Small Entities (effective April 2008).
Turnover
Turnover represents amounts receivable from donations, grants, local authority funding, and nursery fee income.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & Buildings 4% and 10%
Fixtures, Fittings, & Equipment 20% and 50%
2. OPERATING PROFIT / ( LOSS )
The operating profit is stated after charging:
Depreciation – owned assets £6550
£6,550
The Village Pre-School (Gorse Covert) For the Year Ended 31[st] August 2020
Tangible Fixed assets
| Tangible Fixed assets | ||||
|---|---|---|---|---|
| Fix Fit & | ||||
| Buildings | IT Equip | Equip | Total | |
| Cost | ||||
| At 1st Sept 2019 | £110,603 | £1,173 | £34,613 | £146,389 |
| Additions | £0 | £0 | £0 | £0 |
| At 31st Aug 2020 | £110,603 | £1,173 | £34,613 | £146,389 |
| Depreciation | ||||
| At 31st Aug 2019 | £48,181 | £962 | £33,129 | £82,272 |
| Charge this period | £5,045 | £206 | £1,299 | £6,550 |
| At 31st Aug 2020 | £53,226 | £1,168 | £34,428 | £88,822 |
| Net Book Value | ||||
| At 31st Aug 2020 | £57,377 | £5 | £185 | £57,567 |
The Village Pre-School (Gorse Covert) For the Year Ended 31[st] August 2020
| 2019 | 2020 | |||
|---|---|---|---|---|
| Turnover | £71,320 | £76,118 | ||
| Admin Expenses | £63,385 | £67,821 | ||
| Operating Profit / (Loss) | £7,935 | £8,297 | ||
| Interest Receivable | £19 | £20 | ||
| £7,954 | £8,317 | |||
| Interest payable | £0 | £0 | ||
| Surplus of (Deficit) on Ordinay Activities before Taxation | £7,954 | £8,317 | ||
| Tax on Surplus of Ordinary Activities | £0 | £0 | ||
| Surplus or ( Deficit ) for the Financial Year after Taxation | £7,954 | £8,317 | ||
| Retained Surplus or (Deficit) Brought Forward | £72,683 | £80,637 | ||
| Retained Surplus or (Deficit ) C/Forward | £80,637 | £88,954 | ||
| Balance Sheet | ||||
| Fixed Assets | 2019 | 2020 | ||
| Land & Buildings | £62,422 | £57,377 | ||
| Fixtures,Fittings & Equipment | £1,484 | £5 | ||
| IT Equipment | £211 | £185 | ||
| £64,117 | £57,567 | |||
| Current Assets | ||||
| Debtors & Prepayments | £1,385 | £1,562 | ||
| Stock | £0 | £0 | ||
| Cash at Bank | £67,848 | £78,074 | ||
| Cash in Hand | £0 | £0 | ||
| £69,233 | £79,636 | |||
| Current Liabilities | ||||
| Creditors(DUE WITHIN 1 YEAR ) | £1,241 | £3,327 | ||
| Net Current Assets | £132,109 | £133,876 | ||
| Capital & Reserves | ||||
| Capital Invested | £65,763 | £65,763 | ||
| Retained Surplus | £65,376 | £66,346 | ||
| Profit & ( Loss ) Account Y/E 31_08_2019 | £970 | £1,767 | ||
| £132,109 | £133,876 |
The Village Pre-School (Gorse Covert) For the Year Ended 31[st] August 2020 Detailed Profit & Loss
| Income | YE 31/08/2019 | YE 31/08/2020 | |
|---|---|---|---|
| WBC Fees | £52,174 | £64,495 | |
| Direct Fees | £17,549 | £9,492 | |
| Fundraising | £1,597 | £2,131 | |
| £71,320 | £76,118 | ||
| Costs | |||
| Payroll | £47,546 | £52,131 | |
| Fundraising | £812 | £318 | |
| WBC rent | £4,550 | £4,500 | |
| Rentokil | £257 | £399 | |
| Storage CBRE | £1,382 | £1,508 | |
| Contractor Finance & support | £796 | £600 | |
| Telephone/Internet | £723 | £475 | |
| Safeguard | £222 | £30 | |
| Foster Enviro | £385 | £23 | |
| Early Years Alliance | £683 | £932 | |
| Electricity | £1,189 | £1,300 | |
| Water | £374 | £237 | |
| Water treatment (Maxigiene) | £442 | £374 | |
| IT | £32 | £616 | |
| Roller Shutter Maint (Kirk Craig ltd) | £252 | £0 | |
| Exstinguisher Maintenance | £129 | £164 | |
| Special Hygiene & PPE | £0 | £345 | |
| Special Maintenance during Shutdown | £0 | £1,006 | |
| Ofsted | £35 | £35 | |
| EYPP | £150 | £0 | |
| DBS Fees | £234 | £4 | |
| Accountant | £0 | £0 | |
| £24 | |||
| Course Fees | £227 | ||
| Uniforms | £180 | ||
| Sundry room equipment | £200 | ||
| Graduation costs of Leavers | £358 | ||
| Sundry Supplier Purchases | £169 | £15 | |
| Cleaning | £170 | £240 | |
| Insurance | £847 | £167 | |
| Bank Chgs re Deposits | £118 | £122 | |
| Nursery Food supplies & sundries | £1,888 | £1,291 | |
| Total Payments | £63,385 | £67,821 | |
| Profit | £7,935 | £8,297 | |
| Interest received | £19 | £20 | |
| Movement in Stocks & Cash in Hand | £0 | £0 |
| Ne Profit / (Loss) | £7,954 | £8,317 |
|---|---|---|
| Depreciation | £6,984 | £6,550 |
| Profit / (Loss) YE 310820 | £970 | £1,767 |
The Village Pre-School (Gorse Covert) Report of the Accountant to the directors For the Year Ended 31[st] August 2020
The Village Pre-School (Gorse Covert) Report of the Accountant to the Directors for the Year Ended 31st August 2020 as described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31" August 2020 you consider that the community investment company is exempt from a full audit. In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.
Ade Perryman
4291 Limited
35 Highbury Avenue
Irlam Manchester M44 6BU
Date: 01/03/2021