The Crescent Pre-school Nursery Limited A Charity and a Company Limited by Guarantee Trustees, Report and Financial Statements For the year ended 31" August 2021
The Creseent Pre School Nursery Limited Reference and administrative information TteeS (also Directors) D Alston N m$¢>. A Weslon (DIClOr only) Registered Charity Number 1136237 Company Registration Number 06747556 Regisl¢red Office Charter Court 2 Well House Barn5 Chester Road. Bretton Chesier CH4 ODH Accountants Brndshaws Limited Chart¢r Court Well House Barns Chesier Road, Bretton Ch¢sier CH4 ODH Business Addresses Crescent Children, Centre Pinew(x)d Crescent Siok¢-on-Trent ST3 6HZ Bankers.. TSB 43 Market Street Longton ST3 IBN
The Crescent Pre School Nursery Limited Annual Report & Accounts 2020-21 Thi5 13 Annual Rert of the Trustees includes the financial stsiements for the year ended 31" August 2021. The report follows th¢ order set out in th¢ SOiiP. Th¢ review of a¢hiev¢m¢nts and performance seciion gives a rounded view of the Trusi's achievements. iogeih¢r with aciiviiies involving beneficiaries and community. partners. The slatement ol the Trustees, accounting and reporting responsibilities is in¢lud¢d under the section of Structure, Gov¢man¢¢ and ManagemenL which has been included in accordance with APB Audit Stsndards, although this statement is not a requirement of the SORP. Index Page Trustees Report Structur¢, governance and management Objectives and a¢tivities Achievements and p¢rforniance Financial review Future Direction and Plans of Organisation 34 &7 Independent Ex*Tniners' Report to the Members of The CresceDt Pre-sebool Limited Statement of FinaDeial A¢tivities 10 Bal4n¢e Sheet Notes to tbe Financial S¢a¢ements 13-17
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2021 The Trusl¢es who ar¢ also directors of the charity for thc purposes of the Companies Act. present their annual r¢port and the financial Statements for the year ended 31 August 2021. Structure, Governance and Management Governing Document The governing dVr¢t of the Charity which hs a company limited by guarantee is the Memorandum and Articles of Association of the company which was incorporated 12 November 2008. Statement of trustees, responsibilitie5 The trust¢¢s {who are also dir¢ciors of The Crescent Pre School Nursery Limit¢d for the purposes of company law) are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with appli¢abl¢ law and Uniied Kingdom A¢c4)unting Sthndards (United Kingdom Generally Accepied Accouniing Practice). Company law requires the trustees to prepare financial statements for each fin&n¢ial year, whi¢h give a true and fair view of the state of affairs of the charitable company and of ihe in¢oming resources and application of resources. including the incotlle and expenditure. of the charttable company for thal period. In preparing these financial statements. the trustee5 are required to: select suitable accountirkg policies and then appl). them consiently. observe the Tnethods and principle5 in the Charities SORP 2015 (FRS 102). make judgements and estimates that are reasonabl¢ and prudent- slat¢ wh¢th¢r applicable UK Accounting Standards have been follow¢d, subj¢¢i io any material departures disclosed and explained in th¢ finoncial statements: prepar¢ th¢ Financial staiem¢nts on the going concern basis unless it is inappropriate to presume that the charitable ¢ompan!' ill coniinue in operaiion. The trustees responsible for k¢¢ping adequaie accounting records that disclose with reason&bl¢ accuracy at any time the financial position of ihe charitable ¢ownpany and enable them to ensure that the financial 5tatettkents comply with the Companies Act 2006. They are also resTM)nsÉble for safe8uardin8 the assets of th¢ oharitsblc compan). and hence for taking r¢asonabl¢ st¢ps for the prevention and ddection of fraud and other irre8ulariti¢s. Re¢ruitment and TIlg of Trustee5 The Charity's elected trustees are appointed at the Annual Meeting of the Trust on the basis of nominations received from the Executive Commillee io th¢ Trust's specification concernin8 eligibility. p¢rsonal ¢ompe¢en¢e, specialist skills and local availability. New Tnjsiees are inducted into the workings of the Charity including Poli¢y and Operntional Procedures.
The Crescent Pre School Nursery Limited Trustees Report for the year ended 31st August 2021 (Cont'd) OrgaDisational MaDagemeDI The appointed and elected Trnstees of the Charits. are legally responsible for the overall management and control of the Trust. The members of the Board H'ho meet on a minimum of four occasions annually carry out the work of irnplementin8 most of their policies. One additional meeting is held specifically to approve the budgets and finalise the Finan¢ial A¢¢ounts and Trustees report for approval by the annual meeting of the Board of Trustees. The Board works under the ¢haimianship of the Chair of the Trust. The Board has adopted the Code of Governance published by the National Governance Hub as a means of buildin8 Sovernance capacity and skills. The day to day running of the Trust is delegated to the Chairman. The Nursery Manager reports to the Board at their quarterly meetings. Risk Management A fornial review of the Charity's risk managem¢ni processes is undertaken on an annual b&sis. The k¢y controls used by the Chariry. include.. Fornial a¥¢ndas lor th¢ Board of Trustees. Executive Committ¢¢ and all sub- Committees; Detail¢d ternis of ference for all ComTnittees: compt¢h¢nsie 5trat¢gic plannin& budgeting and management accounting. Established organisational structure and lin¢s of rening. Comprehensive poli¢i¢s 10 ensure thai all insurance risks are covered Forn)al written policies- Clear authorisation and approval levels and Vetting pr(Kedures are carried out for adults io safeguard the reputation of the Trust and to minimise the risk of inappropriate p¢rsons being accepted as employees or volunt¢¢rs. Systems of internal control include.. An annual budget approved b). the Trusitts Appropriaie delegation of authority and s¢gr¢gaiion of duties Identification and managetnent of risks Through the risk management processes estsblished for the Trust, the Trustees are satisfied that the major risks identified have ¢ adequately mitigated where necessary. It is recognis¢d that system5 ¢an only provide reasonable but not absolute assurdnce that major risks have been ad¢quately safeguarded against material mismanagement or loss. Objectives and Activities Charitsble Objects The aim of the Charity 15 a) To enhance the development and education of children primarily under statutory h0o1 age by encouraging parents to understand and provide for the needs of iheir children through a community group by..
Tbe Crescent Pre School Nursery Limited St Trustees Report for the year ended 31 August 2021 (Cont'd) Charitable Objects (contlDued) i) providing 5af¢, high quality group play in h[ch parents have the righi to take part. ensuring that this group offers opponuniiies for all children, regardless of race. culture, religion or di5abilit)" ii) encouraging ihe stud). of n¢¢ds of such children and their families and promoting public interest in and recognition of such needs in local aa5. iii) encouraging other charitsble aclii'ities through which parents may help the children- b) To further the development and education of boys and young men and girls and young women ihrough their leisure-time activities so as to help ihem achieve their physical, mental and spiritual potential so that they may grow to fijll maturity as individuals and members of societ). and that their conditions of life ma), be improfved. Aims and intended impact We are an equal opportunity organisation and are commined io a working environment is free from any form of discrimination on the grounds of ¢olour. race. ethnicity, religion, se& sexual orientalion or disabiliry. We will make reasonable adjustments to m¢et the needs of staff or children in our care who are or become disabled. Public Benefit The publir benefit thai The Cresceni Pre-school Nursery Litniied is providing is io advance the education of children below sthtutory school age in and around Sioke on Trent by the provision of a kind¢rganen. In setting our obj¢¢tives and planning our activities th¢ trustees have given careful ¢onsideralion to the Charity Commission's guidance on public benefit. As a charity. the parenls of our children have the &ssuran¢e that all our income must be appli¢d for the benefit of the children anending our settin8S. Principal a¢tivilies of the Period In its latest Ofsted Inspe¢tion, the Nursery was judged to be outstandin8 for thc third ¢on5ecutive inspection. the top judgm¢ni for any school or Nursery. It is a constant aim to remain as a facility offering the very best in leaming and childcare for fewer than 55. The local community desperately needs the facility but strug8les to pay for it. Achievements and performance The charity was set up to provide high quality provision io disadvantaged children in the local are therefore nursery places are offered to 2. 3 and 4 }'ear olds funded by Govcrnment Nursery ¢duration Grant funding. The nursery is located in an area of high deprii'ation 'hICh was the fundamental reason for setting up the charity in the first place. li is not easy and the increasing financial plight of the country is mirrored in the challenges fa¢¢d by the nursery. We ar¢ faced with regular lat¢ payers and significant unpaid fees. The Pre-school always works hard io eradicat¢ any ovl51anding debts and supwrts familie5 through this. Each year the nursery is able to replenish resour¢es and equipment and is currently working hard to update ihe outside areas,.
The Crescent Pre School Nursery Limited Trustees Report for the year ended 31 August 2021 (Cont'd) Achievements and performance (cont'd) This year with the impaci of COVID-19 on ihe charity li has resulted in a need to use our reserves to ¢ontinu¢ to stay sustsinable which is shown evident in this )'¢ar's ac¢ounts, we will ¢ontinue to striv¢ to support stabilil>' and build our reserves back in 2022 for ihe future of The Cresceni Pre-school Nursery. The nursery has been in a position to Continue to eTnploy high quality and highly qualified staff. We continue with encouraging and providing OPFX)rtunilies for Coniinuous ProfessionAI d¢v¢lopwn¢nt such as Foundation D¢gr¢¢s and Ba Hons we have a150 ensured all staff hai'e achieved Firsl aid and level 2 Safeguardin8. W¢ hak'¢ also cnrolld on a new Iraining scheme w.hich has resulted in broadening the leam's knowledge. Thre¢ of our senior ieam and two pra¢titioncr5 are no in their second year on a BA Hons in Early Years Course and members of th¢ ieam have completed a level 3 SEN course to support our ¢ver growing detnand for SEN places within our nurture room. There has been a continuous demand for SEND,2. 3 year funded places which are ¢nvisag¢d to be steady throughout September to De¢etnber 2020 and th¢n rise again in January 2021. The nursery has gained another childcare room I1(hIn the ¢hildren's centre to provide additional stability io in¢rease 2-4 year old places and provision smaller nurturing en%'ironmeni for SEN children in the local area and also enabling the nursery to proi'ide stsy and play and baby groups for the community which has been a huge success. At th¢ moment the nursery occupancy is predominantly fvnded for children accessing 2. 3. 4 year funding and SEND provision. Th¢ rate for 2 year old funding is higher than 3 y¢ar funding so is more ¢ost efftive. We have looked at the most effective session5 in regards to cosl and staIng, whilst we are obliged to be flexible under the funding tenns and ¢ondilions we have taken into account maximising the number of children in each day wilh quality and flexibiliiy and the sessions provid¢d. The Nursery Directors have set up an onsiie cafe within the Children's Centre which the nursery acc¢sses for the main lunch meals, and uses a local superniarkd for all other food stuffs which has Positively impacted on food costs and quality. This Cafe has b¢¢n scl up to provide meals for the nursery and local families who access the site, all profit from this are gifted io the nursery. Financial Revieiv Incoming resources During the Period The Crescent received funding from the Stoke-on-Trent city council for 2. 3 and 4 year old funding and other matters. which in totsl came to £165,667 (2020.. £163.948). Payment by the par¢nts was made in one of two ways. directly re¢¢iving the payment from the parents and by childcare vouchers provided by their cmployers. Resomrees expended Th¢ major Costs during the period continue to be wages which amount to £228.438 {2021.. £232.703) including employer's naiional insurance.
The Creseent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2021 (Cont'd) All trustees give of their time freely and no remuneration or eynses were paid in the year. No trustees or person connecia with a trustee received any benefit from use of our childcare facilitie5 in th¢ Y on mor¢ favourable ternis than available to the general public. Reserves Poli¢y The Trust¢es have ¢stablished a PKJli¢y wh¢r¢by th¢ unrestricted funds not Committed or inv¢sted in tangibl¢ fixed assets. which are the free reseryes of the charity. should be beN'een three and six months of general (unre51riLtcd} operaiing cosis and the Trustees Consider thai this policy provides sufficient funds to cover managetnent. support and administration costs to be able to continue the activities of the charity. in the evenl of a significani drop in funding, or business interruplion. The free reserves at the year end were £46,024 (2020.. £80,405) are not within the above )licY. The Trustees are hoping to replicate the results of this Period in next period's a¢¢ounts whi¢h will move them higher within the reserve policy. Investment Poliey The Investment PKJlicy adopied b). Ihe Trusiees is ¢0 mainthin a high Sthndard of the assets of the Trust and implement a programme of continual development to optimise their use in line with lh¢ Charity's objectives. Future Direction and Plans of Organisation Due to the highly qualifi¢d Childcare Manag¢r and the tkputy Childcare Manager, the management believe this is a wsitive attribute for current and future siaff to encourage them lo study further enhancing quality. Additionall). this has encouraged, five M¢mr5 of sthff to undertake their BA Hons in Early Childhood Studies which was Complrfed Ma). 2023 we are also commirted to all the team completing SEND training in the Coming year. Therefore we are committed to employing highly qualified staff. which will result in the continuation of the high 9lity %Yvice currently being provided. The childcare manager is committed in planning to secure funding to d¢k¢lop the nursery for the SEN children and 0-4'5 to ensure thal the nursery" continu¢s to provide an enabling environment outdoors as well as indoors, providing optimum opportunities for the ¢hildren to learn and develop essential skills that will provide strong foundaiions on I.L¢h future personal and academic achievements can be built. This in tum supports children from depri¥'¢d backgrounds to 'buck the trend, of low¢r achievements and ¢xt¢nds the l¢arning opportunitie5 for all the children who acces5 the nursery now and in the future. In addition to thi5, The Cresc¢ni Pre School Nursery has continued to support the local offer of 30 hours funding for working families with eligible 3 )'ear olds. whilst ensuring StaIng costs are effective and ¢oniinuous professional dei"elopmeni is upheld.
The Creent Pre School Nursery Limited Trustees Report for the year ended 31" August 2021 (Cont'd) Slgnific4nt events since the year end. There have not been any signifunt cvents sirKe the )rar exd. Reportlng Acco A resolution will be prop)sed for the rfrapwintmem of Limit& Chanered AccDwitants aNI Register>J Auditors of Ch&4¢r 45 the IndeFtht Examiners. Bankers The tonk¢rs ts) th¢ Truste m41n TSB. This report has beerk prerAred in a¢¢wd with the S¢1&[ wovisions f(Y mall c4)mpanies under Part 15 of the C(HnpHnies A¢t 2(KJ6. Decimr4tioTr I dlre. in my capxity &$ charity trusx thaL". The trustees approY¢d the Tepxt Ab)Ye I l May 2023 h&v¢ authon*l me to Si8n it their behalf (¥UKklkA A Weston Director
The Crescent Pre School Nursery Limited Independent Examiner's Report to the Trustees of The Crescent Pre School Nursery Limited I report to the charity trustee5 on my examination of the accounts of the company for the year ended 3 1st August 2021 which are set out on pages 10 to 17. Responsibilitiu and b&sis of r¢port As the charity trustees of the company (and also its dirlorS for the purposes of company law) you are responsible for the preparniion of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act,). Having satisfied myself that the accounts of the Company" are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent examinaiion. I retK)rt in respect of my examination of your company's &c¢ounts as carried oul und¢r s¢ction 145 of the Charities Act 2011 ('the 201 l Act,). In carying out my ¢xaminalion I have followed the Dire¢iions given by the Charity Commission under section 145(5Xb) of th¢ 2011 Art. IndepeDdent examiner's slalemeDt ¢onfim) that l am qualifi to undertake the examination because I a member of Instiluie of Chartered Accountants in England and Wales. I have compleied my examination. I confirni that no matters have ¢ome to my attention in conneciion with the examination giving me cause to believe that in any mat¢rial respect: a¢UntIng r¢cords were not kept in r¢sFt of the company as r¢quir¢d by section 386 of the 2006 Act- or 2. the ac¢ounts do nol accord with those records- or the accounts do not comply wilh the accounting requirements of section 396 of the 2006 Act oiher than any requirement that the accounts give a 'irne and fair view. which is not a matter considered as pan of an independent examination: or the accounts have noi been prepared in accordance with th¢ meth(ds and principles of the Statemeni ecommended Practice for accountin8 and reporting by charities lappli¢able lo char aring their accounts in accordance with the Financial Reporting Standard and Republic ol Ireland (FRS 102)]. icable I hav whi¢ a¢¢ Le niio and have come across no oiher matters in connection wilh the examination io ¢xJld b¢ drawn in this report in order lo enable a proper understanding of th¢ hed. Charter Court Well House Barns Bretton. Chester CH4 ODH Bradsha Lituit¢d Charter Accountants and Statutory Auditors I l°May2023
The Crescent Pre School Nursery Limited STATEMENT OF FINANCIAL ACTIVITIES (including income expenditure accounl) for the year ended 31" August 2021) Unrestricied Resirieted Fynd5 Fundi Total 2021 Unre51ricted FuDd% Re5trieted Funds Total 2020 No¢es Ineome from: Income resource5- Charirable Aciiviii¢s Inve5ttnents Donations 266,954 228 266.954 228 298.337 446 298,337 446 Total Expenditure on: Cost of generdtin8 fiLnd5 Charrtable activities 305.130 689 305,820 292J99 689 293,088 Total Net incoming l (expendiiure) (37.949) (689) (38,638) 6,384 (689) 5.695 Reeoncillation tsfFullds Total fiLn(L5 brought foTward 94.194 1266 95,460 87.809 ,955 Total funds cgrri¢d forward .4E9 The nofrs on pages 13 to 17 forTn an integral part of these financial statement5
The Crescent Pre School Nursery Limited BALANCE SHEET As At 31" August 2021 2021 2020 Noles Fixed assets Tangible &ss¢ts 10 10221 13,788 Current assets Stock Debtors at bank and in ljand 542 14.651 64.539 430 19.763 92.866 12 79.732 113,059 Liabilities Cr¢diiors falling du¢ within on¢ year 13 Net current assets 46.601 81.671 Total assets less current liAbilities 56.821 96.459 iyel assets The Funds ofthe Ch8rity Unrestricted income fund5 Resrricied fimds 14 15 56245 576 94,193 1266 Total Charity Fund5 The directors, statements required by Section 475(2) and (3) are shown on th¢ following page which fonns part of this Balance Sh¢¢t The notes on pages 13 to 17 forni an integrdl part of these finan¢ial ststements
The Crescent Pre School N'urserv Limited BALANCE SHEET (continued) ror tbe year ended 31* August 2021 For ihe year ¢ndin8 31. Au8usI 2021 th¢ compan). was viiiil¢d to e.K¥iiioion frvm audii undrr SCLLion 477 of th¢ Companie5 Aci 2006 kling to small c(Mnpanies. Directors r¢spon5ibililics'. the members have not required the company to obtsin an audii of its accounts for th¢ year in question ill accordance wilh section 476: the dirrftors acknowledge their resFKTrnsibiliti¢s for complyhng with th¢ requiremeni of the Acl with r¢sFKa li accounting record5 #nd the preparation of accounis. The financial stat¢ments were approvcd by th¢ iK)ard on I l Mav 2023 and si¥ned on its b¢half by A Wesion Director Comp4Try Re%istrnlioD L¥umber."- 06747556 The nOS on pages 13 to 17 forni an inkgral part ol. th¢s¢ financial stsiements 12-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS For tbe year ellded 31st Augusi 2021 AtCOUDtiDg policies The principal accounting policies a summarised below. The aQUnI1g policies have been applied ¢onsistently through0 the period and the preceding year. Basis of prepAration assessmeD¢ ofgoing toneerD The ac¢ounts (financial statements) have b¢¢n prepared under the historical cost convenlion with items recognised at Cost or transaction value unl¢ss oth¢rn'ise slated in the relevant nolcs to these accounts. The financial stsiements have been prepared in a¢¢ordan¢e with the Statem¢nt of Recommended Practice.. Accounting and Reporting by Charities preparing iheir accounts in accordan¢e with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The irust constitutes a publi¢ ben¢fit entity as defined by FRS 102. The Trustees consider that there are no uncertainties aknut the Trust's ability to continue as a going concern over the next twelve monihs. 1.2 FuDd accounting Funds held by the Charity are.. Unrestricted general funds- General funds ar¢ unr¢stricted funds which are available for use at the discreiion of the Trust¢¢s in furtherano¢ of th¢ general objeLtiv¢s of the Chariry and which have noi been designated for oth¢r purposes. Grant fiEnd- thes¢ are funds set asid¢ by the Trustees out of unrestricted g¢n¢rnl funds for specific fijture purposes or projects In¢omiDg resour¢es All incomin8 r¢50urces are included in the SOFA wh¢n the Charity is legally entitled to the income and the amount can be quantified with reasonabl¢ accuracy. 1.4 Grants payable and re¢eivable All grants are accounted for gross when receivable. Grants payable are tr¢ogni5ed as exp¢nditure when the commitment is entered inio. 1.5 Resources expended All expenditure is accounted for on an accruals basis and h&s b¢¢n classified under headings that aggregate all osts related to th¢ category. Wh¢re costs cannot k directly attributed to particular headings they have been allocated to athiyities on a basis consistent with use of the resources. 13-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 # August 2021 1.6 Inve$tments Investments held as fixed &ssets are revalued * mid_market value ai the balance She date and the gain or loss taken io the ststement of financial aciiviiies. Cashflow stydtement The Charity is exempt from the requirement to prepare a cashflow ststrm¢nt b¢¢aus¢ it is a small Charity. UDrestricted Rtsiricied Funds FyDd$ Totsl 2021 Unre51rieted Funds Restrieied Funds Total 2020 Incomt from Charitsble activiti¢5 Nursery fees from council Nursery fees from parents Government GTants 165,667 93.382 7,905 165,667 93,382 7,905 163,948 91.591 42,798 163,948 91,591 42.798 Inves¢ment income Bank interest T¢Vable 228 228 446 440 Donations Big Lottery Fund 91 .98 -14-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31° Augusi 2021 Uttrestritted Resiricied Funds Funds Total 2021 Unrestricted Funds Reslric¢ed Funds Total 2020 Cost of eharltsble aetivlties Costs directly allocated to activities... Play supplies Food Wages Reni Insurance Siaff iraining Repair5 and tnaintenanc¢ Printing. postage and Sl0nery Bank charges General charges l Telephone Subscripiions Depreciation Advert15Lng Accountancy char8es Sundry Expenses Laie Filing Penalties I I,(Kx> 25295 228.438 18.934 1,862 2,343 6.923 I I,(x)o 25.295 228,438 18.934 1,862 2,343 6.925 3.129 20,157 232,703 18,502 3248 1,624 4.615 748 3.129 20.157 232.703 18,502 3,248 1,624 4.615 748 84 57 57 1.034 687 2.845 450 2,287 286 816 2.878 816 J.567 687 3,534 450 689 689 4212 597 375 4212 597 375 StAff numbers and cost$ Wages National insurance contributions Pension Contributions 228.6TI (2,831) 2,591 228.677 (2,8311 2.591 222,442 6.408 3.853 222.442 6.408 There was an average of 2112020: 21) member5 of staff in the peri. The key mana8¢m¢nt personnel of the charity comprise of the nursery managers and charity s¢crew. The total employee benefits of the key management personnel of the Trust were £32240 (2020.. £53.946)- No ¢mploy¢¢ of ihe charity received emoluments of more than £60,000 (2020.. none). Trustees, remuneratioll expenses None of the Truste¢s re¢¢iv¢d any remunerntion for seTrices to the Trust. The TntSt¢es did claim expenses,o.) incurred on behalf of the Charity. Taxation The Charity's activities fall wiihin the exemptions afforded by the provisions of the Corporaiion Tax Act 2010. Accordingly. there is no tavtion charge in ihese accounts. 15-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the y¢ar ended 31. August 2021 io Tangible fixed a55ets Fixtures, FitliNgs #Dd Equipment Total 2020 Vehicles Cost At 151 September 2020 Additions during the year Disposals 10,158 15,358 25,516 At 31. August 2021 Depreciation At I" September 2020 Charge for thc year 3,386 2,032 8.342 1.536 11,728 3.567 Ai 31. August 2021 Nei book value At 31" August 2020 6.772 7.016 13,788 At 31° August 2021 li Dtbtors 2021 2020 Trdde debtors Prepayments 8.995 5,657 8.494 11.269 41 12 Cash xt bank and in hand 2021 2020 Bank accounts 13 Creditors- amounts fgllittg due withi one year 2021 2020 Other Creditor5 Accnjals 2,231 30,901 30.504
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For ihe year ended 31. August 2021 14 Analysls of net assets between funds Resirieied Funds Unrestricted Funds Total Funds Fund balances at 31° August 2021 Are represented by.. Fixed Assets Cuent assets L¢s$ . Current liabilities 576 10.221 79,732 {33,132) 79.732 {33,132) 15 R¢5tricted funds Op¢niDg balan£e P4et outgoing resource5 Closing balance The restricted funds are represented by.. Fixtures fitting & equipment grani 16 Capital commitments There were no capital committnents authorised or contrdcted for at the year. 17 Taxation The Charity is exempt from ttxation on any income or capital gains. 18 Control The Chariry is under the control of the Trustees. 19 Comp*ny limited by guarantee The Cresceni Pre School Nursery Ltd is a compafty litnhted by 8uarantee and accordingly doe5 not have a Share capital. Every member of the ¢ompany undertakes to contribute such amount as may be required noi exceeding £ I to the assets of the charitable compan. in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 20 Related Party Transaction Crescent Cafebar is a relat¢d trading company for which the Charity is holding cash in transit to the amount of £571 at the year end. -17-