NEWNHAM NURSERY LIMITED DIRECTORS’ AND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-Jul-21
NEWNHAM NURSERY LIMITED
CONTENTS
| Directors’ and Trustees’ report | 1 |
|---|---|
| Report of the Independent Examiner | 2 |
| Statement of Financial Activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 |
Development, a¢tivitie5 and achievements Newnham Nursery is an independent preschool nursery and a registered charity. There has been no change to the committee members. board of director5 or the legal structure of the nursery this year. Another year against a COVID-19 backdrop has proved difficult, many families did actively attend throughout the year and were extremely happy to come in, however quite a few families choosing to Stay away or were unable to travel by their universlties. These couple of years have hit our reserves, with the lifting of restrictions in early 2022. we are eager to operate at full capacity once again. Our team of 3 staff have once again worked incredibly hard during such troubled times. and ourthanks go out to them and their families for supporting us. My thanks go to all members of the Committee who have contributed in various ways this year, and also a big thank you to all the parent5 and children who have supported us during this year. Future Plans With COVID-19 still in our landscape, this coming year will be very much a wait and see approach to what we can do or want to achieve, any long term project5 have been put on hold until funding improves, 2022123 academic year is looking positive Approval Thi5 report was approved by the board of directors & trustees on.. 24th Feb 2022 and signed on its behalf bv: V Sehgal ir P
NEWNHAM NURSERY LIMITED
REPORT OF THE INDEPENDENT EXAMINER
We report to the Trustees of Newnham Nursery Limited on the financial statements for the year ended 31 July 2021 set out in pages three to seven.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the financial statements and you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to examine the accounts under section 43 of the 1993 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and to state whether particular matters have come to my attention .
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the 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.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements
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have not been met ; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached .
...........................................Dated........18th April 2022 Toby Hargrave ACMA CGMA 15 Headland Way Haconby Bourne PE10 0UW
NEWNHAM NURSERY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 JULY 2021
| Notes Incoming Resources Donations 2 Grants received 3 Income from services Investment income 4 Total incoming resources Resources expended Direct Charitable expenditure 5 Administration 6 Corporation Tax Bank charges Total Resources expended Net income Loan received Fund balances brought forward Fund balances carried forward |
Unrestricted funds £ 150 38,461 20,531 0 59,142 55,425 2,137 57,562 - 57,562 1,580 1,800 11,366 14,746 |
Restricted funds £ - - - - - - - - - - - - - |
Total Total funds funds 2021 2020 £ £ 150 0 38,461 37,578 20,531 11,640 0 0 59,142 49,218 55,425 42,624 2,137 3,251 57,562 45,875 - - 57,562 45,875 1,580 3,343 1,800 0 11,366 8,023 14,746 11,366 |
|---|---|---|---|
All incoming resources expended derive from continuing activities.
The notes on pages 7 to 9 form part of these financial statements.
NEWNHAM NURSERY LIMITED
BALANCE SHEET
AS AT 31 JULY 2021
| Notes FIXED ASSETS Tangible Assets 8 CURRENT ASSETS Debtors Cash at Bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS REPRESENTED BY: Restricted funds Unrestricted funds |
£ - 9,208 |
2021 £ £ 5,836 - 4,343 4,343 311 311 8,910 14,746 - 14,746 14,746 |
2020 £ 7,334 4,032 |
|---|---|---|---|
| 9,208 298 |
|||
| 298 | |||
| 11,366 | |||
| - 11,366 |
|||
| 11,366 |
The notes on pages 8 to 10 form part of these financial statements.
For the period ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,
The directors 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 and Trustees on......................... and were signed on its behalf by:
........................................................ V Sehgal - Director
NEWNHAM NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021
| 2 Donations Donations from individuals and organisations 3 Grants received Government funding 4 Investment income Interest receivable 5 Direct charitable expenditure Premises expenses Insurance Support staff wages and expenses Temporary staff Consumables Music and French tuition fees Milk & Food Other expenses Equipment depreciation 6 Administration expenditure Training Advertising Subscriptions Stationery & Books Postage Telephone etc Accountancy & payroll Legal Cleaning 7 Staff Costs Salary of £18,293 was paid to Susan Sehgal. Staff costs were as follows: Wages and salaries Pension Social security costs |
2021 150 38,461 0 3,890 45,586 - - - 1,025 2,940 1,984 55,425 102 235 489 - - 265 996 0 50 2,137 40,103 2,550 2,933 45,586 |
2020 0 |
|---|---|---|
| 37,578 | ||
| 0 | ||
| 1,875 32,850 2,103 - - 1,937 2,780 1,079 |
||
| 42,624 | ||
| 129 432 638 - - 60 994 0 998 |
||
| 3,251 | ||
| 30,901 1,128 821 |
||
| 32,850 |
The average monthly number of staff employed by the charity during the period was 4. All staff were involved in direct charitable work, apart from a small amount of administration.
NEWNHAM NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021
| 8 Fixed assets Cost As At 31 July 2020 Additions Disposals As At 31 July 2021 Depreciation As At 31 July 2020 Charge in the year Disposals As At 31 July 2021 Net book value As at 31 July 2021 As at 31 July 2020 9 Creditors Salaries PAYE & NIC Accruals & other creditors |
Computers £ 1,682 499 2,181 1,335 78 1,413 768 347 |
Equipment £ 12,480 (994) 11,486 5,493 1,906 (981) 6,418 5,068 6,987 2021 £ - - 298 298 |
Total £ 14,162 499 (994) |
|---|---|---|---|
| 13,667 | |||
| 6,828 1,984 (981) |
|||
| 7,831 | |||
| 5,836 | |||
| 7,334 | |||
| 2020 £ - - 311 |
|||
| 311 |