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2021-08-31-accounts

Report of the Trustees and

Unaudited Financial Statements

For the Year Ended 31 August 2021

for

Wokingham Day Nursery

Wokingham Day Nursery

Contents of the Financial Statements

For the Year Ended 31 August 2021

CONTENTS PAGE
Company Information 1
Report of the Trustees 1 - 6
Statement of Financial Activities 7
Balance Sheet 8 - 9
Notes to the Financial Statements 11 - 14
Independent Examiner Report 16 - 17

Wokingham Day Nursery

Report of the Trustees

For the Year Ended 31 August 2021

The trustees who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the company for the year ended 31 August 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCES AND ADMINISTRATIVE DETAILS

The charity is a company with registration number 06316243 (England and Wales)

The company is registered as a charity with Registered Charity Number 1129857

The registered office is Westcott Road Wokingham Berkshire RG40 2ER

TRUSTEES

The directors shown below have held office during the year ended 31 August 2021. E Bennett (resigned 23.09.2020) J Noone J Haworth (resigned 23.09.2020) C Lucas C Cohen E Champion (resigned 23.09.2020) J Barter C Parker (resigned 23.09.2020) C Lawrie (appointed 23.09.2020) S Orlandini (appointed 23.09.2020) U Cran (appointed 23.09.2020) J Procter (appointed 23.09.2020)

COMPANY SECRETARY:

C Cohen (appointed 23.09.2020)

INDEPENDENT EXAMINER

Sandra Douglas SKD Accounting 62 Westmorland Road Warfield

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Wokingham Day Nursery

Report of the Trustees

For the Year Ended 31 August 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

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

RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES

For the purposes of charity law the trustees (directors) are also known as members of the committee. Parent members of the committee give their time voluntarily. All new members are voted for appointment by existing committee members at the committee meetings. The decision of the appointment always includes a minimum of two committee members. This year the nursery’s Business Manager, who is a paid member of staff, has been made a trustee in order to aid communications between Ofsted and the nursery as they will only accept a trustee to be their Nominated Person.

INDUCTION AND TRAINING OF NEW TRUSTEES

There is an induction package for all new members of the committee to familiarise themselves with the charity. This induction pack includes DBS and Ofsted checks for all members working in the setting. The induction package is issued and monitored by the chairperson and manager of the committee.

ORGANISATION STRUCTURE

The committee, who are responsible for the charity, meet regularly to discuss its operation and all future affairs. The business and nursery managers have the responsibility of the day to day running of the setting and the committee are responsible for ensuring that the legal responsibilities are carried out including ensuring all financial obligations and procedures are adhered to. The managers of the charity attends all committee meetings but do not have voting rights on any issues where there would be a conflict of interest. The secretary also attends the meetings and has voting rights.

RISK MANAGEMENT

The main risk of the charity is its closure and the financial implications of it. To minimise the risk the charity has opened a reserve bank account to save funds that will cover all final bills and salary payment if the charity was to close. The amount saved in the reserve is reviewed by the committee regularly. The charity has no loans or investments.

The charity has PLA Public Liability Insurance to cover and protect both staff and children and to ensure that staff members work with minimum risk to anyone.

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Wokingham Day Nursery

Report of the Trustees

For the Year Ended 31 August 2021

OBJECTIVES AND ACTIVITIES

The company is established to provide affordable, safe and satisfying pre-school activities for children aged 2 to 5 years of age; in particular 10% of our spaces are allocated fully funded to families on low income)

Children aged 5 years and over are accepted during the school holiday periods at the discretion of the Manager.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities in committee meetings.

ACHIEVEMENTS AND PERFORMANCE

During the year, the company continued to provide pre-school activities for children aged 2 to 5. The number of children attending the nursery fluctuated during the year.

FUTURE DEVELOPMENTS

The charity will continue to equip the nursery by renewing and investing in current and new resources for the children.

All new and current members of staff are generally required to hold a Level 3 Child Care qualification or an absolute minimum of a Level 2 and will continue to receive adequate training to continue their professional development.

To continue to build strong relationships with all children and their families, the charity will continue to seek outside support from agencies and appropriate parties when necessary.

The charity aims to continue to review all areas, making and carrying out plans for improvement within the setting to enhance the outcome for all children.

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Wokingham Day Nursery

Report of the Trustees

For the Year Ended 31 August 2021

FINANCIAL REVIEW

The principal course of income is Pre-school and Day Care fees, followed by Nursery Education Grants (NEG) from the local authority, fundraising and any additional grants received throughout the year.

The charity receives support grants to assist with extra staffing as and when they have a child with particular needs. These grants are received in a cash by cash basis and are used to pay for an extra staff member to support and work one to one with the child and to buy specific resources the child needs.

The fundraising activities for the year have been limited due to Covid-19 pandemic but we managed a Christmas raffle and on-line quiz evening.

The charity does not make grants and the money it receives is not invested, except for bank interest received in the bank reserve account.

This report is prepared in accordance with the small companies regime of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Signed……………………………………

Name……………………………………

Date: ………………………………

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Wokingham Day Nursery

Statement of Financial Activities

For the Year Ended 31 August 2021

31
August
2021		 31 August
2020		 31 August
2020







Note £ £
INCOMING RESOURCES
Incoming resources from generated funds
Fundraising and other income 1536 936
Incoming resources from charitable activities
Fees 218,921 209,289
Other incoming resources
Misc Income inc HMRC JRS & Milk Refunds 8,424 20,275
Interest receivable and similar income 9 132
───────────── ─────────────
Total incoming resources 228,890 230,632
RESOURCES EXPENDED
Other resources expended (229,079) (224,557)
───────────── ─────────────
NET INCOMING RESOURCES 2 (189) 6,075
RECONCILIATION OF FUNDS
Total funds brought forward 78,291 72,216
TOTAL FUNDS CARRIED FORWARD 78,102 78,291
───────────── ─────────────

The notes form part of these financial statements.

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Wokingham Day Nursery

Balance Sheet

As at 31 August 2021

FIXED ASSETS 31 August
2021
31 August
2020
Note
£
£
6
-
-
7
4,627
1,338
0
1,960
115,324
110,051
───────────
───────────
119,951
113,349
───────────
───────────
8
(41,849)
(35,058)
───────────
───────────
78,102
78,291
───────────
───────────
78,102
78,291
═══════──══
═──════════
10
-
-
11
78,291
72,216
(189)
6,075
───────────
───────────
78,102
78,291
═══════──══
═──════════		 31 August
2021
31 August
2020
Note
£
£
6
-
-
7
4,627
1,338
0
1,960
115,324
110,051
───────────
───────────
119,951
113,349
───────────
───────────
8
(41,849)
(35,058)
───────────
───────────
78,102
78,291
───────────
───────────
78,102
78,291
═══════──══
═──════════
10
-
-
11
78,291
72,216
(189)
6,075
───────────
───────────
78,102
78,291
═══════──══
═──════════		 31 August
2021
31 August
2020
Note
£
£
6
-
-
7
4,627
1,338
0
1,960
115,324
110,051
───────────
───────────
119,951
113,349
───────────
───────────
8
(41,849)
(35,058)
───────────
───────────
78,102
78,291
───────────
───────────
78,102
78,291
═══════──══
═──════════
10
-
-
11
78,291
72,216
(189)
6,075
───────────
───────────
78,102
78,291
═══════──══
═──════════
Fixed Assets 6 - -
CURRENT ASSETS
Debtors 7 4,627 1,338
Long term Debtors 0 1,960
Cash at bank 115,324 110,051
─────────── ───────────
119,951 113,349
─────────── ───────────
CREDITORS
Amounts falling due within one year 8 (41,849) (35,058)
─────────── ───────────
NET CURRENT ASSETS 78,102 78,291
─────────── ───────────
TOTAL ASSETS LESS CURRENT LIABILITIES 78,102 78,291
═══════──══ ═──════════
CAPITAL AND RESERVES
Called-up share capital 10 - -
Unrestricted fund: Other reserves 11 78,291 72,216
Unrestricted fund: Income and expenditure account (189) 6,075
─────────── ───────────
TOTAL SHAREHOLDERS' FUNDS 78,102 78,291
═══════──══ ═──════════

The notes form part of these financial statements.

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As at 31 August 2021

Wokingham Day Nursery

Balance Sheet

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 (the Act) 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 Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Board of Directors on

……………………………… and were signed on its behalf by:

……………………………………………… Director

……………………………………………… Name

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For the Year Ended 31 August 2021

Wokingham Day Nursery

Notes to the Financial Statements

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 Smaller Entities (effective January 2015), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement for Financial Activities where the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed Assets

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

Plant and Machinery

33% on cost

Operating Leases

Payments under operating lease are recognised in the Statement of Financial Activities as they fall due.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2. NET INCOMING/(OUTGOING) RESOURCES

Net resources are stated after charging:

31 August 31 August 2021 2020 £ £ Depreciation - owned assets - - ═════════ ═════════

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Wokingham Day Nursery

Notes to the Financial Statements

For the Year Ended 31 August 2021

4. TRUSTEES REMUNERATION AND BENEFITS

4. TRUSTEES REMUNERATION AND BENEFITS
31 August 31 August
2021 2020
Trustees' salaries 18,225 21,680
Trustees employer’s social security 966 1,459
══════════ ═════════
19,191 23,139
══════════ ═════════
Trustee expenses 240 240
5. STAFF COSTS
31 August 31 August
2020 2019
Staff salaries 161,959 161,305
Staff employer’s social security 6,104 6,869
══════════ ═════════
168,063
168,174
══════════ ═════════
31 31
August August
2020 2019
Average number of employees 11 11
No employee received emoluments in excess of £60,000.

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Wokingham Day Nursery

Notes to the Financial Statements

For the Year Ended 31 August 2021

6. TANGIBLE FIXED ASSETS

Plant and Total
Machinery
£ £
COST
At 1 September 2020 and at 31 August 2021 0 0
DEPRECIATION
At 1 September 2021 0 0
Charge for year - -
At 31 August 2021 0 0
NET BOOK VALUE
At 31 August 2020 - -
At 31 August 2021 - -
7. DEBTORS
31 August 31 August
2021 2020
£ £
Trade debtors – fees outstanding 4,627 3,298
══════════ ═════════

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Wokingham Day Nursery

Notes to the Financial Statements

For the Year Ended 31 August 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31st

Nursery Fees September 21 Fees
Trade Creditors
Pension Contribution
Payments received in advance – WBC
 August 2021 31st August 2020
£ £
6,334 3,015
78 430
1
578
35,43631,035
41,849
35,058

9. COMITTMENTS UNDER OPERATING LEASE

The company has entered into the following commitments under noncancellable operating leases

Land and Other
other
buildings
Within one year 6,000 -
Within two to five years - -
More than five years -
6,000 -

The company’s obligations under the lease of its premises from Wokingham District Council are guaranteed by the current Chair of Wokingham Day Nursery.

10. CALLED UP SHARE CAPITAL

The company has no share capital and is limited by guarantee.

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Wokingham Day nursery

Notes to the Financial Statements

For the Year Ended 31 August 2021

11. MOVEMENT IN FUNDS

Income and
expenditure Other
account reserves Totals
£ £ £
At 1st September 2020 6,075 72,216 78,291
Transfer between funds (6,075) 6,075 -
Profit/Loss for the year (189) - (189)
─────── 0───────────── ─────────────
As at 31 August 2021 (189)
═══════		 78,291
═════════════		 78,102
═════════════

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

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Wokingham Day Nursery

Income and Expenditure Account

For the Year Ended 31 August 2021

31 August 2021 31 August 2021 31 August 2020 31 August 2020
£ £ £ £
Turnover
Fees and grants 218,921 228,974
Other income
Deposit account interest 9 132
Fundraising and other income 9,960 1,526
═════════════ ═════════════
228,890 230,632
Expenditure
Wages and NI 190,067 191,313
Other staff costs (inc training) 3,219 2,562
Milk & food 3,892 3.302
Rent and rates 6,233 6,000
Utilities 853 1,580
Telephone 1,073 1,015
Insurance 1,292 1,196
Materials and activities 3,453 3,105
Contracts and Subscriptions 3,127 2,297
Stationery and copier 1,523 1,446
Maintenance and repairs 1,841 2,415
Equipment and Toys 5,582 4,846
Sundries 234 222
Bank Charges 168 120
Household inc nappies & Cleaning 4,102 2,823
Professional Expenses 176 163
Nursery Improvements 0 0
Bad Debt 2,154 153
═════════════ ═════════════
229,079 224,557
═════════════ ═════════════
NET (LOSS) / PROFIT (189) 6,075
═════════════ ═════════════

This page does not form part of the statutory financial statements.

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WOKINGHAM DAY NURSERY COMPANY LIMITED BY GUARANTEE 06316243 REGISTERED CHARITY 1129857

INDEPENDENT EXAMINER’S REPORT TO THE DIRECTORS OF WOKINGHAM DAY NURSERY

I report on the accounts of the Trust for the year ended 31[st] August 2021, which are set out on pages 1 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

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Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Signed

............................. Sandra Douglas SKD Accounting

Date.......................

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