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 |
D•Y•lopm•nt, •rtlvltl•g •nd •chl•v•m•nt• Newnham Nursery ss an indepefident preschool nursery and a registered charity. There ha5 been no change to the cotnmittee members. board of directors or the legal structure of the nursery this year. We saw a pick-up in our enrolment and our register post COVID-19, we are seeing more families travellirk8 from areas just outstde our locality and we welcomed those families who are travelling again to the universities. We hope to purchase mole equipment if our fundtng improves, and we are ea8er to operate at full capacity once a8ain. Our team of four staff have once again worked incredibly hard durlng such troubled times, and our thanks go out to them and their families for supporting us. My thanks go to all members of the Committee who have contributed in variou5 ways this year, and also a big thank you to all the parents and children who have supported us durin8 this year. Future Plan8 202212023 looks to be a much leaner year, we have not fully recovered froffl COVID-19 in terms of funds, and we are seein8 a decrease in our intake. We are lookin8 to increase the hours we can offer and to a wider catchment, this will probably not be in place until 23/24 year, hopefully this will give the nursery a boost. Any long-term projects are on hold until fundin8 improves, we are hopehjl for a poswtive 2023124 academic year. Approv•1 This report was approved by the board of drrectors & trustees on= 21 Mar 2023 and si8ned on its behalf by- V Seh8al Chair Person
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 2022 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:
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(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
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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........25th April 2023 Toby Hargrave ACMA CGMA 15 Headland Way Haconby Bourne PE10 0UW
NEWNHAM NURSERY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 JULY 2022
| 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 £ - 50,469 26,106 0 76,575 64,039 5,630 69,669 - 69,669 6,906 0 14,746 21,652 |
Restricted funds £ - - - - - - - - - - - - - |
Total funds 2022 £ - 50,469 26,106 0 76,575 64,039 5,630 69,669 - 69,669 6,906 0 14,746 21,652 |
Total funds 2021 £ 150 38,461 20,531 0 59,142 55,425 2,137 57,562 - 57,562 1,580 1,800 11,366 14,746 |
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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 2022
| 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 |
£ - 17,330 17,330 - - |
2022 £ 4,322 17,330 21,652 - 21,652 21,652 |
£ - 9,208 9,208 298 298 |
2021 £ 5,836 8,910 14,746 - 14,746 14,746 |
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The notes on pages 8 to 10 form part of these financial statements.
For the period ending 31 July 2022 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 2022
| 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 |
2022 0 50,469 0 5,144 52,556 - - - 1,351 3,382 1,606 64,039 175 519 394 - - 1,462 2,310 0 770 5,630 40,103 2,550 2,933 52,556 |
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 |
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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 2022
| 8 Fixed assets Cost As At 31 July 2021 Additions Disposals As At 31 July 2022 Depreciation As At 31 July 2021 Charge in the year Disposals As At 31 July 2022 Net book value As at 31 July 2022 As at 31 July 2021 9 Creditors Salaries PAYE & NIC Accruals & other creditors |
Computers £ 2,181 0 (244) 1,937 1,413 283 (244) 1,452 485 768 |
Equipment £ 11,486 (263) 11,223 6,418 1,323 (355) 7,386 3,837 5,068 2022 £ - - - - |
Total £ 13,667 0 (507) 13,160 7,831 1,606 (599) 8,838 4,322 5,836 2021 £ - - 298 298 |
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