| Page | |||
|---|---|---|---|
| Reference and Administration | Details | ||
| Trustees Report | 2-0 | ||
| Statement ofTrustees' | Responsibilities | ||
| Independent AuditoVs |
Report | ||
| Statement ofFinancial | Activities | 10 | |
| Balance Sheet | |||
| Cash Flow Statement | 12 | ||
| Notes to the Accounts | 13-20 |
| Status | Company Limited |
Company Limited |
Company Limited |
by Guarantee | by Guarantee | by Guarantee | No. | 05850668 | |
|---|---|---|---|---|---|---|---|---|---|
| Registered Charity |
No. 1130993,registered 6August 2009 | ||||||||
| The Company's | governing | document | is its Memorandum | ||||||
| and Articles of | Association | ||||||||
| Secretary and Registered Office: | Denise Stultz | ||||||||
| 29Wallbutton | Road | ||||||||
| 8rockley | |||||||||
| London | |||||||||
| SE42NX | |||||||||
| Trustees: | Denise Stultz | ||||||||
| John Fowler | |||||||||
| Sandra Margolies | |||||||||
| Gwenlian Evans |
|||||||||
| Key Management: | |||||||||
| Nursery | Manager: | Paula Lane | |||||||
| Deputy Manager: | Marsha Newton |
(resigned | 13/03/2020) | ||||||
| Sam Cordwell | |||||||||
| Auditor: | Azets Audit Services | ||||||||
| Chartered Accountants |
|||||||||
| 2"' Floor | |||||||||
| Regis House | |||||||||
| 45 King William | Street | ||||||||
| London | |||||||||
| EC4R 9AN | |||||||||
| Bankers: | National Westminster |
Bank pic | |||||||
| 87Sidcup High | Street | ||||||||
| Sidcup | |||||||||
| Kent | |||||||||
| DA14 6DL |
| Notes | Unrestricted | Total Funds | TotalFunds | ||
|---|---|---|---|---|---|
| Funds | 2020 | 2019 | |||
| 5 | 6 | ||||
| INCOME | |||||
| Charitable activities |
452,479 | 452,479 | 608,608 | ||
| Investment income |
177 | 177 | 260 | ||
| Other income | 25,616 | 25,616 | 3,253 | ||
| TOTAL INCOME | 478,272 | 478,272 | 612,321 | ||
| EXPENDITURE | |||||
| Charitable activities |
529,303 | 529,303 | 559,153 | ||
| TOTAL EXPENDITURE | 529,303 | 529,303 | 559,153 | ||
| NET INCOME | |||||
| (51,031) | (51,031) | 53,168 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 374,539 | 374,539 | 321,371 | |
| TOTAL FUNDS CARRIED FORWARD | 17 | 323„508 | 323,508 | 374,539 |
| Notes | TotalFunds | Total Funds | |
|---|---|---|---|
| 2020 | 2019 | ||
| 8 | 5 | ||
| CASH FLOW FROM OPERATING ACTIVfTIES | |||
| Cash generated from operating acfivities |
15 | (65,010) | 31,564 |
| NET CASH FLOW FROM OPERATING ACTIVITIES | (65,010) | 31,554 | |
| CASH FLOW FROM INVESTING ACTIVITIES | |||
| Payments to acquire tangible fixed assets Interest received |
(449) 177 |
(4,262) 260 |
|
| NET CASH FLOW FROM INVESTING ACTIVITIES | (272) | (4,002) | |
| NET (DECREASE)I INCREASE IN CASH AND CASH EQUIVALENTS |
(65,282) | 27,552 | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
436,747 | 409,195 | |
| TOTAL FUNDS CARRIED FORWARD | 371,465 | 436,747 | |
| Cash and cash equivalents consists of: |
|||
| Cash at bank and in hand | 371,465 | 436,747 |
| INCOME F | ROM CHA | RITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| Funds | 2020 | 2019 | |||
| 8 | 8 | 6 | |||
| Fees | 338,784 | 338,784 | 483,958 | ||
| LBNursery | Education | grant | 92,870 | 92,870 | 123,642 |
| Donations | and fundraising | 20,825 | 20,825 | 1,208 | |
| 452,479 | 452,479 | 608,808 |
| INVE | STMENT INCOME | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| Funds | 2020 | 2019 | ||
| 6 | 6 | 9 | ||
| Bank | interest | 177 | 260 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| Funds | 2020 | 2019 | ||||
| 5 | 5 | E | ||||
| Advancement | ofthe | education | ofchildren | 529,303 | 529,303 | 559,153 |
| ANALYSIS O | F EXP | ENDITUR | E | ||||
|---|---|---|---|---|---|---|---|
| Direct | Support | Total | Total | ||||
| Charitable | costa | 2020 | 2019 | ||||
| 8 | 8 | 5 | 5 | ||||
| (note 8) | |||||||
| Advancement | ofthe | education | ofchildren | 458,941 | 70,362 | 529,303 | 559,153 |
| SUPPORT COSTS | 2020 | 2019 | ||
|---|---|---|---|---|
| 8 | E | |||
| Governance costs (note 9) |
9,917 | 14,323 | ||
| Premises costs | 53,261 | 56,447 | ||
| Oflice and central costs | 5,336 | 14,180 | ||
| Depreciation | 1,848 | 1,924 | ||
| 70,362 | 86,874 | |||
| GOVERNANCE COSTS |
2020 | 2020 | ||
| 8 | 5 | |||
| Auditors remuneration |
||||
| Audit fee | 6,420 | 6,240 | ||
| Accounting, current year |
1,020 | 1,020 | ||
| Other accountancy costs | 667 | 612 | ||
| Other governance costs |
1,810 | 6,451 | ||
| 9,917 | 14,323 | |||
| Other governance costs consist |
oflegal fees and consultancy | fees. | ||
| NET INCOMEI(EXPENDITURE) | FOR THE YEAR | 2020 | 2019 | |
| 8 | 5 | |||
| This is stated after charging: | ||||
| Depreciation | 1,848 | 1,924 | ||
| Audit fee | 6,420 | 6,240 | ||
| Operating lease costs |
48,000 | 48,000 |
| he total employee benefits of the k 87,997(2019:688,194). |
ey management personnel |
of the charitable |
company w |
|---|---|---|---|
| TANGIBLE FIXEDASSETS | Furniture | ONce | |
| and fittings | equipment | Total | |
| 6 | 6 | 6 | |
| Cost | |||
| At 1 October 2019 | 5,532 | 15,644 | 21,176 |
| Additions | 449 | 449 | |
| Disposals | (696) | (696) | |
| At 30September 2020 | 5,532 | 15,397 | 20,929 |
| Depreciation | |||
| At 1 October 2019 | 5,532 | 12,284 | 17,816 |
| Charge for the year | 1,848 | 1,848 | |
| Dieposals | (696) | (696) | |
| At 30September 2020 | 5,532 | 13,436 | 18,968 |
| Net Book Value | |||
| At 30September 2020 | 1,961 | 1,961 | |
| At 30September 2019 | 3,360 | 3,360 |
| 13. | DEBTORS | 2020 | 2019 | |
| 6 | 6 | |||
| Trade debtors | 2,213 | 6,734 | ||
| Other debtors | 2,661 | |||
| Prepayments | 453 | 174 | ||
| 5,327 | 6,908 | |||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | 2020 | 2019 |
| 6 | 6 | |||
| Trade creditors | 166 | 7 | ||
| Other creditors | 12,534 | 27,026 | ||
| Accruals | 23,288 | 45,443 | ||
| Deferred income (note 14.1) | 19,257 | |||
| 55,245 | 72,476 | |||
| 14.1 | DEFERRED INCOME | 2020 | 2019 | |
| 6 | 6 | |||
| At 1 October 2019 | 15,582 | |||
| Additional during fne year |
19,257 | |||
| Amounts released to income |
(15,582) | |||
| At 30September 2020 | 19,257 |
| were paid post the year end. |
were paid post the year end. |
|||
|---|---|---|---|---|
| 15. | RECONCILIATION OF NET INCOME TO CASH GENERATED |
|||
| FROM OPERATING ACTIVITES | 2020 | 2019 | ||
| 6 | 5 | |||
| Net income for the year | (51,031) | 53,168 | ||
| Depreciation charges |
1,848 | 1,924 | ||
| Interest receivable | (177) | (260) | ||
| (49,360) | 54,832 | |||
| Decrease in trade and other debtors | 1,581 | 4,135 | ||
| (Decrease) in trade and other creditors | (17,231) | (27,413) | ||
| Cash generated from operating |
activities | (65,010) | 31,554 | |
| 16. | ANALYSIS OF NET ASSETS | BETWEEN FUNDS | 2020 | 2019 |
| 6 | 5 | |||
| Tangible fixed assets | 1,961 | 3,360 | ||
| Current assets | 376,792 | 443,655 | ||
| Current liabilities |
(55,245) | (72,476) | ||
| 323,508 | 374,539 |