**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: - to keep accounting records in accordance with section 41 of the 1993 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements - 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|