CATHERINGTON NURSERY (A company limited by guarantee) Annual Report and Financial Statements for the year ended 31*' August 2021
Company Number: 5884030 Charity Number: 1128656
## CATHERINGTON NURSERY
## TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 315’ AUGUST 2021
|Charityname:|Catherington Nursery||
|---|---|---|
|Registered charity number:|1128656||
|Charityprincipaladdress:|Catherington Village Hall,||
||Catherington Lane,||
||Waterlooville||
||Hants||
||PO8 OTD||
|Names ofthe trustees who|Office held:||
|manage the charity:|||
|Angela Hughes|Director and Treasurer||
|Allison Sayers|Directorand Secretary||
|Type ofgoverning document:|Memorandum & Articles||
|Howthe charity is constituted:|Catherington Nursery is|a Company limited by|
||guarantee, with 2 directors and 5 part time employees||
|Trustee selection methods:|Trustees are appointed orreappointed atthe Annual||
||GeneralMeetingheldin|September|
Catherington Nursery has all the statutory required policies in place, this includes Safeguarding children, Equality of Opportunity, Promoting Health and Hygiene, Employment, Health & Safety, Administration, Child Care Practice, Partnerships, Record Keeping. These policies are kept at the Nursery and are reviewed and updated annually.
## Objectives and Activities:
At Catherington Nursery we aim to:
- provide high quality care and education for children primarily below statutory school age;
- * work in partnership with parents to help children to learn and develop;
- e add to the life and well being of its local community; and
- e offer children and their parents a service that promotes equality and values diversity.
- we ensure children are in a safe and stimulating environment:
- are given generous care and attention, because of our ratio of qualified staff to children, as well as volunteer parent helpers;
- have the chance to join with other children and adults to live, play, work and learn together;
- e are helped to take forward his/her learning and development by being helped to build on what he/she already knows and can do;
- each child has a personal key person who makes sure each child makes satisfying progress:
- e Catherington Nursery sees parents as partners in helping each child to learn and develop; and * in which parents help to shape the service it offers.
Children start to learn about the world around them from the moment they are born. The care and education offered by the Nursery helps children to continue to do this by providing all of the children with interesting activities that are appropriate for their age and stage of development.
For children between the ages of 0 and 5 years, the Nursery provides a curriculum for the foundation stage of education. This curriculum is set out in a document, published by the Qualifications and Curriculum Authority and the Department for Education and Skills, called Curriculum Guidance for the Early Years Foundation Stage Revised 2021. We follow this guidance. We are also regularly inspected by OFSTED — last inspection November 2015. We were awarded “Outstanding”.
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CATHERINGTON NURSERY
## TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 315" AUGUST 2021
The guidance divides children's learning and development into seven areas:
EYFS has defined seven areas of learning and development. These are divided into three prime areas and four specific areas.
The three prime areas are the most crucial for a child's healthy development:
- e Communication and language » Physical Development e Personal, Social & Emotional Development
The four specific areas detail the important skills your child will need to develop:
- e Literacy e Mathematics e Understanding the World e Expressing Arts & Design
## Summary of main achievements of the charity for the year 2020-2021:
Following government guidelines, the Nursery remained open through the pandemic, from June 2020 to July 2021, and most children attended as normal. All staff continued to work throughout.
Staff have continued to enhance their knowledge and continuous professional development training. We fund all our courses independently.
## Financial review:
We try to hold a reserve of approximately £5000 to meet any unforeseen expenditure. Our main source of funds is received through Early Years government funding for 2 & 3-year old's. We also receive fees from children that don’t receive funding (funding is given to children in the term after their 2"? & 3° birthday).
Once all running costs/expenditure have been paid, all remaining funds are used to provide the children with equipment and resources.
## Future plans:
Management will ensure that all policies, procedures and documentations are in line with OFSTED current guidelines.
The Trustees’, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31% August 2021.
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
The annual report was approved by the Trustees of the charity and signed on its behalf by:
Angela Hughes TrusteeDate: Pryaaihyla - 1B oee.
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Allison Sayers
Trustee GAUSSee a Pee
Date: <
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## CATHERINGTON NURSERY
## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST AUGUST 2021
|||Unrestricted|2021|Unrestricted|2020|
|---|---|---|---|---|---|
|||Funds|Total|Funds|Total|
||Notes|£|£|£|£|
|Income||||||
|Income from charitable activities|2|122,069|122,069|95,587|95,587|
|Investment income|3|0|0|4|4|
|Total Income||122,069|122,069|95,591|95,591|
|Expenditure||||||
|Charitable activities|4|108,221|108,221|94 364|94,364|
|Total expenditure||108,221|108,221|94,364|94,364|
|Net income/expenditure||13,848|13,848|1,227|1,227|
|Transfers between funds||-|-|-|-|
|Net movement in funds||13,848|13,848|4,227|1,227|
|Reconciliation offunds:||||||
|Total funds brought forward||9,669|9,669|8,442|8,442|
|Totalfundscarriedforward||23,517|23,517|9,669|9,669|
All transactions are derived from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities
The notes on pages 5 to 7 form an integral part of these financial statements
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CATHERINGTON NURSERY
BALANCE SHEET - COMPANY REGISTRATION NUMBER 07267846
AS AT 31ST AUGUST 2021
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2021 2020
Notes £ z £ £
Fixed Assets
Tangible Assets 6 3,792 3,504
Current Assets
Cash at bank and in hand 21,394 13,510
Debtors 207 -
21,601 13,510
Creditors: amounts falling due within one year 7 (1,876) (7,345)
Net Current Assets 19,725 6,165
Net Assets 23,517 9,669
Funds
Unrestricted Funds 9 23,517 9,669
23,517 9,669
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For the financial year ended 31st August 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The Trustees have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees (who are also directors of Catherington Nursery for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
## The financial statements were approved by the Board on and signed on its behalf by:
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Angela Hughes Allison Sayers /\_-«<
TrusteeDate: Rupiah‘ p Vs TrusteeDate: a eh25 * i}: QA
VV-2-2 Pre 22
The notes on pages 5 to 7 form an integral part of these financial statements
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## CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
- 1 Accounting Policies
1.1. Charity information
Catherington Nursery is a charity limited by guarantee and incorporated in England and Wales. The registered office is Catherington Village Hall, Catherington Lane, Waterlooville, Hampshire, PO8 OTD.
Catherington Nursery meets the definition of a public benefit entity under section 34 of FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The principal objectives of the charity are detailed in the Trustees Report.
- 1.2. Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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) (from October 2019) - Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
- 1.3. Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from investments is included in the year in which it is receivable.
## 1.4 Expenditure
Resources expended are recognised in the period in which they are incurred. Resources expended are allocated to the particluar activity where the cost relates directly to that activity. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activites and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## 1.5 Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures and Fittings - 20% Reducing balance
1.6 Financial Instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS102 to all of its financial instruments.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
The charity's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade debtors, trade creditors and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the charity is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.
Term deposits of less than one year are classified as investments within current assets.
## 1.7 Deferred Income
Income is deferred where the charity is not yet entitled to the use of the resources. When the pre-conditions for use are met then the income is recognised.
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## CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
|2|‘Income from charitable activities|Unrestricted|2021|Unrestricted|2020|
|---|---|---|---|---|---|
|||Funds||Funds||
|||£|£|£|£|
||Fees|120,697|120,697|95,585|95,585|
||Other income|1,372|1,372|2|2|
|||122,069|122,069|95,587|95,587|
|3s|Investment income|Unrestricted|2021|Unrestricted|2020|
|||Funds||Funds||
|||£|E|£|£|
||Interest receivable on bank deposits|0|0|4|4|
|||SS||eee||
|4|Charitable activities|Unrestricted|2021|Unrestricted|2020|
|||Funds||Funds||
|||£|£|£|£|
||Employment costs|88,172|88,172|78,476|78,476|
||Establishment costs|8,860|8,860|§,302|5,302|
||Repairs and maintenance|353|353|895|895|
||Office expenses|323|323|435|435|
||Printing, postage and stationery|1,058|4,058|4,107|1,107|
||Subscriptions and donations|1,633|1,633|374|374|
||Sundryand other costs|172|172|396|396|
||Cleaning and refreshments|1,106|1,106|1,048|1,048|
||Toys, crafts and books|1,809|1,809|1,203|1,203|
||Uniforms|655|655|502|502|
||independent examination fees|750|750|750|750|
||Legal and professional costs|2,383|2,383|2,999|2,999|
||Depreciation of tangible fixed assets|947|947|877|377|
|||108,221|108,221|94,364|94,364|
5 Employees
## Number of employees
,
|The average monthly number ofemployees during the yearwas as follows:|The average monthly number ofemployees during the yearwas as follows:||2021|2020|
|---|---|---|---|---|
|Charitable activities|||10|10|
|Employment costs|Unrestricted|2021|Unrestricted|2020|
||Funds||Funds||
||£|£||£|
|Wages & salaries|84,980|84,980|L239|77,233|
|Social security costs|1,129|1,129|764|764|
||86,109|86,109|77,997|77,997|
No employee earned more than £60,000. The following amounts were paid to Trustees: Angela Hughes £24,036, (2020: £19,491) and Allison Sayers £22,815, (2020: £14,841) as remuneration for employment in the nursery. During the year £Nil expenses were paid to Trustees (2020: ENil)
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## CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
## 6 Tangible fixed assets
|
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Fixed Total
Assets
Cost £ £
At 1st September 2020 22,490 22,490
Additions 1,235 1,235
Disposals - -
At 31st August 2021 23,725 23,725
Depreciation
At 1st September 2020 18,986 18,986
On Disposals = ws
Charge for the year 947 947
At 31st August 2021 19,933 19,933
Net book values
At 31st August 2021 3,792 3,792
At 31st August 2020 3,504 3,504
Creditors: amounts falling due within one year
2021 2020
£ £
Accruals and deferred revenue 900 6,226
Other creditors 248 208
Other taxes & social security 728 911
1,876 7,345
Analysis of Net Assets Assets between Funds
Unrestricted 2021
Funds
Fund balances at 31 August 2021 as represented by: £ £
Tangible fixed assets 3,792 3,792
Current assets 21,601 21,601
Current liabilities (1,876) (1,876)
24,02 23,517
Unrestricted 2020
Funds
Fund balances at 31 August 2020 as represented by: £ £
Tangible fixed assets 3,504 3,504
Current assets 13,510 13,510
Current liabilities (7,345) (7,345)
9,669 9,669
Unrestricted Funds
1st September 31st August
2020 Income Expenditure 2021
£ £ £
General reserve 9,669 122,069 108,221 23,517
9,669 122,069 108,221 23,517
1st September 31st August
2019 income Expenditure 2020
£ £ £
General reserve 8,442 95,591 94,364 9,669
8,442 95,591 94,364 9,669
ee
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- 7 Creditors: amounts falling due within one year
- 8 Analysis of Net Assets Assets between Funds
- 9 Unrestricted Funds
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## CATHERINGTON NURSERY
## Independent Examiner's Report to the Trustees of Catherington Nursery
I report to the charity trustees on my examination of the accounts of the company for the year ended 31° August 2021 which are set out on pages 3 to 7.
## Responsibilities and basis of report
As the charity 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, | report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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 3. 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
4. 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)).
| have no concems and have come across no other matters in connection with the examination to which attention should be drawpn this report in order to enable a proper understanding of the accounts to be reached.
## Kerry Lawrance FCA
## Compass Accountants
Chartered Accountants and Statutory Auditors Venture House
The Tanneries East Street Titchfield Hampshire PO14 4AR
Date:
## § mMagctl 2022