COLLINGHAM GARDENS NURSERY Company number 07024413 Charity number 1134204 Trustee's Report and Financial Statements for the year ended 31 August 2020. CONTENTS Page No Reference and administrative details of the chxrity Trustees, report >5 Independent examiner's report &7 Statement of fJnan¢i81 aetivities Balance sheet Notes to the f￿ancial statements 10-13 Collingham Gardens Nursery Trustee's Report for the Year Ended 31" August 2020. Reference and admlnlstratlve Inforniatlon. Name: Collingham Gardens Nursery Address: Henrietta Mews Holborn London WCIN IPH Company Registration number". 07024413 Charity registration number: Tntsteesldlrertors untll 20" Ortober 2020: 1134204 Laura Murdoch (Chairl. Ann-sofi Ronnskog ITreasurer.untll February 20201 Roberta Jenkins Isecretaryl Luciia Carbonell Itreasurerfrom February 20201 Awale Oiad Sibylle Raphael Arlett Hoff rim Woodward Trustee5/directors after 20 October 2020: laura Murdoch (Chair). Lucila Carbonell (Treasurer). Roberta Jenkins {secretaryl Awale Olad Sybille Raphael Arlett Hoff rim W¢x>dwawd Independent Examiner: Mr Derek Rodwell. Impact The Future Ltd, Bennett Verby 7 St Petersgate Stockport Cheshire SKI IEB Bankers: Uoyds Bank PLC. Grarfs Inn Rd.. London. Page 2 Collingham Gardens Nursery Trustee's Report for the Year Ended 31 August 2020. The Trustees present their financial statements for the year ended 31 August 2020. Organlsatlonal Structure. Collingham Gardens Nursery is a company limited byguarantee. incorporated on 20 th September 2009 and registered as a charity on 8 February 2010. The company was established under a Memorandum of Association which e5tsblished the objects and t)owers of the charitable company and is governed by the Articles and As50Ciation. The directors are also trustees for the purpose of charlty law. The directors who served during the year were: Laura Murdoch Lucila Carbonell Roberta Jenkins None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. Purpose and aims. The organisation's purposes and aims as set out in the objects are to enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs oftheir children through community groups. These aims are consistent with the purposes for which the organisatlon was established. Ensuring our work delivers our alms The trustees review the aims. objectives and activities each year. The review looks at what the organisation has achieved and the outcomes of its work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people that the organisation is set up to help. The review also helps ensure the aims, objectives and artivities remain focused on the organisation's stated purpose. How our activities deliver publk benefiL The organisation's activities are focused on the development and education of children at Collingham Gardens Nursery. in particular. Page 3 Collingham Gardens Nursery Trustee's Report for the Year Ended 31 August 2020. Offering affordable day-care for children in Camden, regardle55 of rate, culture, religion, or means with an emphasis on leaming through child-led play and the outdoor environments: Forming partnerships with parents and carers, facilitating their involvement in the nurserfs administration and activities: Providing day-care places and support for children with disabilities: Forging links with local community via projects and an alumni ￿e￿Ork of families: Instigating and adhering to and furthering the aims of the Pre-school Learning Alliance. Achievements and perfomian The organisation saw two long standing employees resign in early 2020 and has since employed a new manager and deputy manager and supported staff as they have tran51tioned into new roles in a period of change. The organisation has modified and improved its financial procedures and processes considerably. The organisation responded to the pandemic effectively through ensuring the setting was as Covid secure as possible. stsff were successfully furloughed for a period in Lockdown l. Throughout the pandemic the organisation has continued to deliver its main aim of early years development and education to a high level. Due to the COVID-19 pandemic discussions regarding a lease with the church. or sub-lease with the Coram foundation, were paused. Due to the pandemic usual community events, in particular in the garden. and those which would er4age ouralumni network, had to be cancelled. Plans for Future Perlots The organisation will continue to support the management in their response to COVID-19. whilst Still delivering the aims and objectives of the nursery as far as possible. The organi5ation hopes to resume discussions to secure a lease with the church, or sub-lease with the Coram foundation, over this coming year. The organi5ation will continue to consult parents and staff as part of the process. The organisation hopes to secure funding for essential maintenance and works in the garden which will enhance the children's outdoor education. The organisation hopes to resume its community activities and projects as soon as it is safe to do so. HNANCIAL REVIEW Incoming resources for the financial year 2019-20 were £322k (£314k in 2018-191 and total expenses were £263k1£344k in 2018-191. This produced a net surplus for the year of £60k 1£31k deficit in 2018-191 At 31° August 2020 unrestricted reserves stood at £64k {£4k at 3V8119) Page 4 Collingham Gardens Nursery Trustee's Report for the Year Ended 31 August 2020. Reser¥es. The trustees decided it is appropriate to retain general reserves equivalent to at least three months operating costs. Based on 2019/20 expenditure this would be £58k. Unrestricted free reserves at the end of the financial year came to £63L Responsibilities of the Trustees The Trustees are required to prepare an annual report and financial statements for each financial year in accordance with applicable law and UK Generally Accepted Accounting Practice. The Trustees are also required to prepare financial statements which give a true and fair view of the state of affairs of the d)arity and the incoming resources and application of resources. including the net income or expenditure, of the charity for the year. In preparing those financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities. Laura Murdoch {Chair). Trustee. tsts-v4 Date: Page 5 ## **Independent examiner’s report to the Trustees of Collingham Gardens Nursery** I report on the financial statements of the charitable company for the year ended 31 August 2020, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 8 to 13. ## **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 financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). The charity is required by company law to prepare accrual based accounts. Having satisfied myself that the charity is not subject to audit under part 16 of the 2006 Companies Act and is eligible for independent examination, it is my responsibility to: - examine the financial statements under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made. ## **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. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and the 2011 Act have not been met; or - to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Page 6 Derek Rodwell FCCA, Impact the Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB Date: 30[th] March 2020 Page 7 Collingham Gardens NuTrery STATEMENT OF FINANCIALACTivmES FOR THE YEAR ENOED 31 AIJGUST 2020 121N)NIHS TO 311W20 12MC*4THS TO 3118119 15X39B 1O42T5 1J7.6ZiI 137 Izsx) 117,203 129,753 182,329 1ts2,329 1.497 1.497 TOTALWKOME 1ZSX) 301.029 31 17W5 2￿￿1 4611 11312 11312 18223 1&661 19.153 1*$13 251,024 267,674 2D,791 20,791 .411 6.411 13,768 13,768 28.807 33.978 1.468 1.468 Rents pretnisesLts8ts 5.171 TOTALEXPENDrrLVIE 31 231.134 281809 11.821 TIPKOMIP•31 IOLITQOINGI RESOLI lo￿2 S*SS4 181.2401 130,5111 Tolal1￿1￿at 1 Setsntera)19 34.833 36.488 TOTALFiWSAT31 AUfyJSTa)20 3.593 5.977 Collingham Gardens Nursery BALANCE SHEET ASAT 31 AUGUST 2020 2M9 2019 FIXED ASSETS Fixed assets 1221 CURRENT ASSETS Debtors Cash at bank 52,316 CREEXTORS: amounts falllng du• T￿1￿ 12 122.6211 NEf CURREKfASSETS 35.267 NET ASSErs 65.531 STATEMENT OF FUNDS 10 Unrestricbj funds TOTAL FUNDS 65,531 The notes on pw 10 to 13 tomi part oflfese fmanoal stathen For the year ending 31 A￿JuSt 2020 th& Charitab￿ ccmpany was enli￿ to exerIpt*￿ from •Jdrt under sec*on 471 of the Companw Ara relatiThJ to srnall companes. Tha Tntsta&s ad(n¢ythe(SJe the foliwrg respoEL8itrAIrf*5'. li} The member5 have not requ1red the compary to obtsin an of rb acrounts trthe J*ar qu8sb.on in aceordanee wth sethon 476. lill The trustees aCkn￿ledge th8ir r8wthilths kn Ccmp￿.rQ wth the rwjuwwngnts ofthp Act These aixounts havè béan prèpared in accordance ¥Mth the provis￿ ojplirabb ts ¢x*npan sU￿.¢¢t to the Sm￿1 ccmpanEs' regvne. Approved by Ihe Trustees on arKI Svdrwj ¢)n Ihw t*haif by , COLLINGHAM GARDENS NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 1. ACCOUNTING POLICIES a) The financial statements have been prepared under the historical cost ￿nventIOn and in accordance with applicable accounting standards and the Companies Acl 2006. They follow the recommendations in the Statement of RecomrrEnded Practi￿, applicable to charities preparing their accounts in aGwrdance with the FinanGial Reporting Standard applicable in the UK and Repulic of Ireland (FRS102) (effective 1 January 2015)- b) The nursery is a company limited by guarantee. incorporated on 20 September 2009 and registered as a charity on 8 February 2010. The company was established under a memorandum of Assttiation which established the company and is govemed by the Articles and Associalion. c) Revenue grants are credited to the statement of financial activities when received or receivable whichever is earlier, unless they relate to a specific future period, in which case d) All incoming resources are included on the Statement of Financial Activities when the cha amount can be quantified with reasonab￿ accuracy. e) ReSoUr￿S expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. fj Expenditure is accounted for on an accruals basis and has been classifEd under heading., category. Where costs cannot be directy attributed to particular headings they have been al with the use of reSoU￿s. g) Unrestricted funds can be used in accordan￿ with the charitable objectives at the discrel Restricted funds can only be used for particular restricted purposes within the objects of the by the donor or when funds are raised for particutar restricted purposes. h) Depreriation is provided at rates calculated to Write off the cost of each asset over its expected useful life. The depreciation methods in use are as follows= Leasehold inprovements- 200￿ straight line Fixtures & frttings & plant and ma¢hinery- 33% straight line IT equipment- 33% straight line i) The accounts have been prepared on a going Con￿rn basis. The trustees have prepared indicate that future income from in¢￿ased fees and from continueing grants from the Socal a projected outgoings and will enable reserves to be built up to cover unforeseen contingencie Page 10 FOR IHEYE*R ENtED 31 ￿￿LiST 2th) 12 IAJimisT031A20 12PIKJfiTHSTO 3118ff19 INCOME 20 2011 2019 2019 127. 127.n2 117,201 117,201 6.850 .19 Other LAGrants 17mS 17m5 >)￿7 153J90 18V75 11.050 1CPJ.607 121.257 12 I￿1TH5 TO 31AIIts 12m￿THSTO 3118119 EXFENDtfURE 20a) 2020 20a) 2019 2019 2019 Nu sa￿e$ erLy 30N7 165,OJ7 135,974 16,914 11.914 234.OD7 25.787 3.981 163.7T5 rJ7.gOS 25,787 Jom 17183$ 203.712 287.e74 F(tsJ & ¢*nry Ttrrfs. re8wr￿S 6ffi37 10.ie6 6.375 2.250 20.791 10,168 8,375 2,250 20,791 1ts94 B,611 46*1 1.128 1.128 1.697 1,897 242 2.353 1.919 8,411 2.353 1.919 8.411 S.Q61 IU12 5M1 11312 122 4.4D7 JA31 &t47 P(¢re$sK)￿l fees &JbscJy¢E)ns Bankthatges 8.147 1.986 833 197 13.788 833 197 12.768 18223 Rent& He8tarKI Iym Rent& r*$ C*anirg &was*d 2.B37 2.837 1.808 11.176 2,538 14.381 13,21t 13211 11.176 c*￿ra1 rna￿ter￿ 2￿72 3.032 3.516 10.865 19 12 19.153 1212 I$￿13 1219 33,978 5.171 28.807 31.615 231.131 9.(69 335.021 344.0 P4EiX FQR nEYEAREIWED 31 AUG￿TIO￿l 4 IIIcOM￿l{0lITSowGl REWIW 2019 ChJriNJtr*ye8r. TrJTh#ee5 wry ÉN￿). L￿rtr￿￿Year. ￿T[US* bwefftsM*N*J (2019.£NIL nrgthey. m Ttusi*s r¥%*￿ ￿ rethTthr5W*ntrfèxkwsl2019. ÉNIL). S sT￿FcO5ts 2019 $ ar￿ sglar &Tyknyer5 Nl Inetd8l¢wel 171265 10.413 217,eoi 15.659 4.645 tJ7.W)S Tota sa¥￿$ 185.974 2019 2019 10 L9 Taial Totyi As*isep• ditiu spos• 147W5 BadncewF￿ U9119 144.987 L219 472 740 Oepn Thidw5a5 4Jty* 147A18 116205 474 533 L221 L4 7 DE8TORS LWtAthln rmywr 2019 14.954 4.768 3.117 400.34 sorp) Grantavéaded Th5treC*￿J 1186.8 22.839 • CA8HAT BAI 34.8n {4.262) 13.852 76 FOR ThEyE￿ WED JI AUGUST ZOIO 2010 4,618 alforxcrutsntsfees 4.132 FeeSP3￿ in aoknce 9,770 8,870 20.320 11,819 1¢ STA7EIWOF FIJIq>S 291.486 1.134 63.945 R•sld¢ted Jloyal B¢Jffjuuh ofcamthn. SÈWthWlv*￿￿￿lI HMRC.Job Rétrniion Sth#m• 9rarfs 13.B22 17.1)SS 113.822) 117.0551 1,586 2.3B4 X).87T PI.6T5) 1,586 5.977 322 363 0 65 S31 20 >)20 2019 2019 2019 1.419 13.7 1,419 16.177 Currentassets Cr&itor5 dUe￿O￿nonE 84,845 (20.320) 120.3201 NET ASSETS 65.53t 5.977 12 ContJryAntllat41ky. A￿tential Ik*)ilty rw¥¢en ¥daill i¥ iryastslrnrter*twJ 2019rth.Atth?d*ofapFYtrKgthese