The Crescent Pre-school Nursery Limited A Charitv and a Company Limited by Guarantee Trustees, Report and Financial Statements For the )'ear ended 31" August 2022
The Crescent Pre School Nurser) Limited Reference and administratiTr'e information Trustees {als0 Directors) D Alston N Massey A Il'eston {Dire¢tor only) Registered Charity Number 1136237 Company Registration Number 06747556 Registered oifice Charter Court ? W'ell House Barns Chester Road. Bretton Chester CH4 ODH Ac¢ountants Bradshaws Limited Charter Court 'ell House Barn5 Chester Road. Bretton Chester CH4 ODH Business Addresses Crescent Children, Centre Pinewood Cr¢ent Siok¢-on-Treni ST3 6HZ Bank¢rs: TSB 43 Market Streei Longion ST3 IBN
The Crescent Pre School Nursery Limited Annual Report & Accounts 2021-22 This 14 Annual R¢port of the Tru5t¢¢s inrlud¢5 th¢ fiELancial slat¢wncnts for the year ended 31" August 2022. The repon follows ihe order sei out in the SORP. The revi¢w of a¢hi¢vemenis and p¢rformanc¢ s¢ciion gI¢S a rounded Kiew of ihe Trusl's achiewements. iogeiher wi(h aciiviiies involving beneficiaries and communiiN" parnn¢rs. The statem¢nt of the Trust¢¢s' a¢¢ounting and r¢wJrting resFKJn5ibilities is included under the section of Structure. Governance and Managemenl which has been in¢lud¢d in accordance with APB Audit Standards, althou8h this stsiemeni is noi a requiremeni ofthe SORP. Index Page Trustees Report Structure. govemance and managem¢nt Objectives and acti ilies A¢hi¢v¢m¢nts and perfonnance Financial rel'iew Future Direction and Plans of Organisaiion Independent Examiner5. Report to the Members of Tbe Crestent Prfrschool Limited Statement of Financial Activities 10 BalaDee Sheet Notes to tbe Financial Statements 13-17
The Crescent Pre School Nursery Limited $1 Trustees Report for the vear ended 31 August 2022 The Truste¢s who are also directors of the charity for the purposes of the Corn1¢$ ACL present their annual report and the financial statements for the year ended 31 Y Au8USt 2022. Structure, Governance and Management Governing Document The governing d(Kument of ihe Charit). which is a cotnpani limited b). guarantee is Ihe Memorandum and Articles of Association of the company M'hich *as incorpordted l !th cmber 2008. Statement of ¢ru$tee5' responsibilities Th¢ trusiees (who ar¢ also directors of The Cre%ent Pre School Nursery Limited for the purposes of company law) are responsibl¢ for preparing the Trusiees. Annual Report and the financial stalements in accordance with applicable law and United Kingdom Accouniing Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires ihe tru5t¢es io prepare financial statements for each financial Year. which give a true and fair %'iew of ihe state of affaiT5 of the charitable company and of the incoming resour¢es and application of resour¢es, including the income and expenditure. of ihe ¢haritable company for ihat period. In preparing these financial statements, the trustees are required to: select suitable accounting poli¢ie5 and then appls. them consisientl).: obser¥'e the methods and principles in ih¢ Charities SORP 7015 (FRS 102). make judgements and esiimaies that are reasonablc and prnd¢nt: Slate wheEher applicable LK Accounting Standards have been followed, subject to any material departures disc105ed and explained in th¢ financial staiementS= prepare the financial staiem¢nts on ihe going ¢on¢ern basis unless li is inappropriate to presume that rhe charitable ¢ownpany will conlinue in operaiion. The tru51ees ar¢ responsible for keeping ad¢quate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable compan), and enable them to ensure that the financial statements Cotnply with the Companies Act 2006. They ar¢ also responsible for safeguarding the asseis of the charitable company and henL¢ for takin8 reasonable sieps for the prevention and d¢l¢ction of frnud and other irregularities. Recruitment and Traillillg of Trustees The Charity's elected trustees are appoinied at the Annual Meeiing of the Trust on th¢ basis of nominations eled from the Execuiii¢ Commiitee io ihe Trusi's specification concerning eligibility. personal competence, specialist skills and local availability,. New Trustees are inducted inio th¢ workings of th¢ Charity including Policy and Operational Procedures.
The Crescent Pre School Nurser), Limited Trustee5 Report for the year ended 31 st August 2022 (Cont'd) OrganisatlOD41 Management The appointed and elected Trustees of the Chariry a legall) responsible for the overall management and control of the Trust. The members of ihe Board who meet on a minimum of four occasions annually. Cary out the work of implementing most of their tM)licies. One additional meeting is held sp¢Lifically to approve the budgeis and finalise the Financial Accounts and Trustees r¢port for approval by the annual meeting of the Board of Trustees. Th¢ Board i¥orks under the chairnianship of the Chair of th¢ Trust. The Board has adopted ihe Code of Go¢Mance published by the National Governance Hub as a means of building governance capaeiry and skills. The day to day running of the Trust is delegated to the Chairnlan. The Nursery Manager reports to ihe Board at th¢ir quarterly meeiings. Risk Management A fornial review of the Charity's risk management process¢5 is undenaken on an annual basis. The key controls used by the Charitj include-. Fonnal agendas for the Board of Trustees. Executive Committee arkd all sub- Committees: Detailed ternis of reference for all Committees. Comprehensis'e strategic planning. budgeiing and management accouniing; Esiablish¢d organisational struclure and lines of reponing; Comprchensive policies io ensure that all insurance risks are covered Forn)al WTitten policies. Cl¢ar authorisation and approval levels and Vetting pro¢edures are carried out for adults 10 Safeguard the reputalion of the Trust and io minimise the risk of inappropriate r$on5 being a¢¢epied as employee5 or volunteers. Systems of internal ¢onirol include= An annual budget approved b) the Trusiees Appropriate delegation of authoriti. and segregation ofduties Identification and management of risks Through th¢ risk managemenl processes esthblished for ihe Trust. Ihe Trustees are satisfied ihar ihe major risks id¢ntified have been adequately Jnitigated where necessary. li is recognised that s)'siems can only provide reasonable but noi absolute assurance thai wnajor risks have been adequately safeguard¢d against maierial mismanagement or loss. Objectives and Activities Charitable Objects The aim of the Charity is To enhance the de¢10p1nenI and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their Children through a Communiiy group by..
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2022 (Cont'd) Charit*ble Obje¢¢$ (continued) i) providing safe. high quality. group pla). in hich par¢nls haN'e the righi io lake part. cnsuring ihat thi5 group offers OPTX)rtunities for all iliildren. reIldI¢s5 of race, culiure, religion or disabilitv; ii) enLouraging the ud), of needs of such children and their familics and promoting public inter¢st in and recognition of Such needs in local area5: iii) ¢n¢ouraging other charirable aciivities through which parents may help the children; b) To further the development and education of boys and young men and gir15 and young women through their leisure-time a¢tii ities so as io help them achieve their ph)'sical. menthl and spiritual poiential 50 ihat the) ma) glom to full maturiiy as individuals and members of society and that their condilions of life may b¢ improi'ed. Aims and intended impact We a an equal opportuniry organisation and a committed to a working environment that is free from any fomi of discrimination on the grounds of colour. race. ethnicity. religion. sex. sexual orientation or disability.. W'e M ill mak¢ reasonable adjustments to m¢ei ihe needs of staff or children in our care who are or become disabled. Publi¢ Benefil The public b¢n¢fii that The Crescent Pre-school Nurserj. Limited is probiding is to advance the education of children below slatutot). school age in and around Stoke on Trent by the provision of a kindergan¢n. In setting our objectii'es and planning our aciiyiries the trusiees hai'e given careful consid¢ratioii to the Charity Commission's guidance on public b¢nefii. As a charity. Ihe parenis of our children hav¢ th¢ assurance that all our income musi be applied for the benefii of ihe children attending our settings. PriDcipal activities of ¢he Period In ils latest Ofsted Inspection, the Nursery "aS judged to be outstanding for the third con5ecuitv¢ inspection. the top judgment for an)" school or Nurser). It is a constani aim io remain as a facility offering the very besi in learning and ¢hildcare for f¢"tr than 5s. Th¢ local community desperately needs th¢ facility but struggles io pay for il. Achievements and performance The charity was set up to provide high quality provision io di5advanthged children in the local are th¢r¢fore nursery pla¢e5 are offered to 2. 3 and 4 )"ear olds funded b>. Government Nurser), education Grant funding. The nursery is located in an area of high deprivation which was the fundamental reason for Setting up the charity in the first place. It is noi ca5. and the increasing financial plight of the country 15 mirrored in ihe challenges faced b). the nursery. W¢ are faced wilh regular late payers and signifi¢ani unpaid fees. The Pre-school always works hard io eradicate any Ouistsnding debts and supwrts families through this. Each year the nursery is able io replenish resourLes and equipment and is Currently working hard to update ihe oulside area5'.
The Crescent Pre School Nursery Limited Jt Trustees Report for the year ended 31 August 2022 (Cont'd) Achievements and performance (cont'd) Last year with the impact of COVID-19 in 2021 we needed to Use some reserv¢s. This year we have continued to build back up our reseryes which is eN'ident in our accounts lth this known we have Still been able to stay sustainable which is showj e ident in ihis )'ear's accounts and we will continue to Strive to support stability for the future of The Crescent Pre-school Nursery. Th¢ nursery has been in a position io ¢onlinue to employ high qualiry and highly qualified stsff. We continu¢ with encouraging and providing opponunilies for Continuous Professional development such as Foundation Degrees, Ba Hons, apprenticeships and GCSE'S we have also ensured all staff have achieved First aid and level 2 Safe¥uarding and Special Educational Needs training We also continu¢ to b¢ enrolled on a trdining scheme which has resulted in broadenin8 the t¢awn's knowledge. Three of our senior team and two prdctitioners ar¢ noNN' in their third sear on a BA Hons in Early Years Course a meTnber of the team has ¢ompl¢ied a level 3 SEN course and all the t¢am have complet¢d SEN training lo support our eb'er ¥roMing demand for SEN plaLe5 Within our nurture room. There has been a continuous demand for 2. 3 year funded pla¢es. particularly our Special Education Needs proiision pla¢es which are envisaged to be Meady throughout September to December 2021 and then rise again in January 2022. The nursery has gained another childcare ri)om wiihin ihc children's ¢entre io provide additional stability to increas¢ 2-4 year old places and profv ision smaller nurturing environment for SEN children in th¢ local area and also enabling the nurserN to proi'ide sta). and pla), and bab). groups for the otnmunity which is Coniinuing to been a huge success. Ai the moment the nursery txcupancy is predominanily funded for childr¢n accessing 2. 3, 4 year funding and SEND provision. Th¢ rate for 2 year old funding is higher than 3 year funding so is more cost effective. We have looked at th¢ most effective sessions in regards to cost and siaffing. whilsi we are obliged to be flexible under th¢ funding terms and condilions w'e have taken into accounl [nLMiS]ng the number of children in each day w'ith qualiDy" and flexibiliti. and the sessions proi'ided. Th¢ Nursery Directors have sei up an onsite café within the Children s Centre which the nursery accesses for the main lunch m¢als, ond uses a local sup¢rmarket for all oth¢r food stuffs which ha5 positively impacted on food cosis and quality.. This Cafe has been set up io provid¢ meals for the nursery and local families who 8¢¢¢5s the site, all profil from this are gifted to the nurseri. Financial Review Jncomirtg resources During the P¢riod The Crescent received fibnding from the Sioke-on-Treni ¢ity council for 2. 3 and 4 year old funding and other matters, which in lotsl came to £246,844 (2021.. £165,667). Payment by. the parents was made in one of two ways, directly receiving ihe payment from the parents and by ¢hild¢are VOLbchers provided by their emplo!"ers. Resources expended The major costs during the period continue io be wages which atnounl to £224,327 (2021.. £228.438) inGludins cmploycr s naiional inyurJnLc.
The Crescent Pre School Iyursery Limited st Trustees Report for the vear ended 31 August 2022 {Cont'd) All Irustees give of their time freely and no remuneration or expenKs were paid in th¢ year. No Irust¢es or person connected with a trustee received anv benefit from use of our childcare facilities in the year on more favourdble t¢mis than available to the general public. Reserv Policy The Trustees have eslablished a policy Vi"h¢r¢by the unrestricied funds not commilled or invested in tangible fixed assets, which are the free reserves of the charity. should be be.e¢n ihree and six months of general (unrestri¢ted) operating costs and the Trustees consider ihal thi5 wlicy provides sufficient funds to cover managetnent. support and administration cosis io bc able to continue the activities of the Charity in the ei eni of a Significant drop in funding. or business interruption. The free reserves at th¢ )'¢ar end were £44.25012021.. £46.0241 are noi i¥iihin the alK)ve w)li¢y. The Trustees are hopin8 to replicate the resulis of ihis Period in nexi period's accounts which will move them higher within ihe r¢s¢r% e w)lic)'. Investment Policy The Investm¢ni policy adopted bj the Trustees is io maintain a high standard of th¢ a55ets of the Trust and implement a programme of continual d¢i'¢lopmeni to optimise their use in line with ihe Charity's objectives. Future Direction and Plans of Organisation Due to the highly qualified Childcare Manager and the Deputy Childcare Manager, the management believe this is a wsitive attribuie for Current and fuiure staff io encourage ihem to study further enhan¢ing quality. Additionally ihis has encouraged. five memb¢rs of staff to undertake their BA Hons in Early Childhood Studies which was completed Ma). 2023 w'¢ ar¢ also commin¢d to all the team developing their SEND trnining furth¢r in ihe comin8 )"¢ar. Therefore we are commined to ewnploying highly qualified staff. th.hich will result in the continuation of the high quality servi¢¢ Currenily being profv ided. The childcare manager is commilted in planning to secure futiding to develop the nursery for the children and 0-4's in particular the expansion of Special Educational Ne¢ds childcare places to ensure that the nursery ¢ontinues to proN ide an enabling environmeni outdix)rs as ell as indoors. providing optimum opportunities for the children io learn and d¢velop essential skills that will provide strong foundations on which fuiure personal and academic Achie%"emenis ¢an be built. This in tum supports ¢hildren from deprived backgrounds to 'buck the ir¢nd- of low'er aihiei'ements and e.¥tends the learning oppornjnities for all ihe children who access the nurseTr now and in the future. In addition to this, The Cresceni Pre School Nursery support the lo¢al offer of 30 hours funding for working families with eligible 3 year old& whilst ensuring sthffing costs are effective and continuous professional dev¢lopmenl is upheld.
The Crescent Pre School Jurser). Limited Trustees Report for th¢ )'ear endL'd 31" August 2022 (Cont'd) Si8nifient ev¢Dts sioee the year ¢nd. There have noi been an>" 5iw)ifirunt events sit the )rAr end. Reporting A¢¢outstants A resolution will be for the re-apFK)1nenl of BrLfjhws Limitrd. Clwrtered Accounwjts aTh Re8i5t¢r¢d Auditors of Chester as the ]ThkndenI Exlminers. BAnken The bank¢rn io the Tnths remain TSB. This rerK)n has E¢en wered in with the witil ¥Y0visic$ fc small COMF1¢5 under P8n 15 of the Compfini A¢t 2(. Declarntion I declare, in my ¢awity as ¢harity' [rus, th: . The ffitstees approved the retK)n aknve I l Ma} 2023 h4v¢ authori5ed me io SI it on their ihalf rtOlUooL- A Westoo Director
The Crescent Pre School Nursery Limited Independent Examiner's Report to the Trustees of The Crescent Pre School Nursery Limited I report to ihe ¢hariiy trustees on my examination of the accounts of the company for the year ended 3 Isi August 2022 which are set out on p28es 10 to 17. Respoosibilitie5 and basis of report As the ¢harity truslees of the ¢ompany (and also its dir¢clors for the purw)ses of company law) you are responsible for the preparation of ihe accounts in accordance with the requirements of th¢ Companies Act 2006 {'the 2006 Act.). Having satisfied m)'s¢lf that the accounts of the company are noi required to be audited under Part 16 of the 2006 Act and are eligible for independeni e.xamination, I report in respect of my examination of your company's accounis as caled out under section 145 of ihe Charilie5 Act 2011 ('Ihe 2011 Act.). In carying out my examination I have followed the Directions gik¢n b). the Charity Commission under section 145(5Mb) of the 2011 Aci. IndependeDI exminer'5 5tatemeDt I confirm that l am qualified to undertake the examination because l a member of Institule of Chartered Accountants in England and Wales. I have ¢ompleied tny examinion. l confirm that no matters have come to my attention in coJJne¢tion with ihe exatnination giving me cause to beli¢ve ihai in &nv material Spect= accouniing records were not kept in resp¢ci of ihe company as required by seciion 386 of the 2006 Aci: or the accounts do not accord M'ith ihose records. or the accounis do not comply with ihe accounting requirements of section 396 of the 2006 Act other than any requiremeni ihai lh¢ &¢¢ounts gil'e a -irue and fair view, which 15 not a matter onsidered as part of an independent examination- or the ac¢ovnis hale not been prepared in accordance with the meth(ds and principles of the Statement of Recommended Practice for a¢¢ouniing and r¢porting b). chariiies lapplicable to charitie cpa their accounts in a¥cordan¢¢ Hith the Financial RerK)rting Standard cable in and Republic of Ireland (FRS 102)]. I hai. whic acc on rns d have come across no other maner5 in conneciion with the examination to vld be drd*n in this rewn in order io enable a proper understsnding of the hed. re ra shaw. Limited Chart¢r¢ ALcounianis and Statutory, Auditors Charter Court 'ell House Barns Bretton. Chester CH4 ODH Iith May 2023
The Crescent Pre School Nurser) Limited STATEMENT OF FINAIYCIAL ACTIVITIES {includiDg income expenditure account) for the year ended 31" August 2022) Unr¢siri¢i¢d R¢strict¢ Funds Fund5 Total 2022 Unr¢siri¢t¢d FuDd5 Restricted Fund5 Total 2021 Notes Ineomt from- Income resources- Charitable Activiiies Investments t)onaiions 291.893 291.893 266.954 228 266,954 Total Expenditure on: Cost of generating Trds Chariiable aciivities 295,115 576 295,691 305.130 689 305,820 Total 195.62L Net ineoming I (expenditure) (3.081) {576} {3,6571 (37.949) 1689) (38,6381 Reconciliation of Funds Total funds broughr f¢)Tward 56245 576 56.821 94.194 1266 95,460 Totsl funds c&rried forward The notes on pages 13 to 17 form an integral part of these financial ststements -10-
The Crescent Pre School Nursery Limited BALANCE SHEET As ai 31, August 2022 2022 2021 Noles Fixed asset$ Tangible assets 10 ,914 10221 Current assets Stock Debiors Cash ai bank and in hand 542 16.424 34.524 542 14,651 64.539 12 51.489 79.7J2 Li#bilitie5 Creditors falling du¢ within one year 13 Net current assets 44251 46,601 Total 855ets less eurrent liabilities 53,IfA 56,821 Net a55etS The Fund5 ofthe Charity Unrestricted income fijnds Restricted funds 14 53.164 56.245 576 Total Charity Funds The directors. siatemenls required by Section 475(2) and (3) are sho} on ihe following page which fomis part of this Balance Sheet Th¢ note5 on pages 13 10 17 forni an iniegral part of these financial statements
The Crescent Pre School Nursery Limited BALAINCE SHELT (continued) for th¢ year endfd 31" Auguxt 2022 For the ycar endin8 3 IX Au8USt 2022 the C(XnpY was eniiiled to exemption from uudit under section 477 of th¢ Companies Act 2006 relatin8 to small ¢ompanies. Directors respnsibiliti¢s- the members have nol required the Lunpany to 011n an a111 of its ac¢ounts for the year in question iii a¢¢ordae with s¢¢tion 476: the dirxtots know1¢d8e their resFthsibilities for cornplyÈn8 with the rt4uirement of the Aet with r¢spect to accountin¥ records and the pr¢paratiort of account5. The financial 5tatemcnts were approv¢d b% the b)ard on I l Mai. 2023 4nd signed on its behalf by A w,¢On Director Compally Regisir¥tion Number:_ (KJ747556 The nos on pa8es 13 to 17 forni an inte8ral part of these fuwictal statements 12-
The Crescent Pre School Iyursery Limited NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st August 2022 Aecounting policies The principal accounling policies are summarised below. The accounting policies have been applied consistenily throughout the period and the preceding year. Basis of preparation and 35essmeDt of going collcer The accounts (financial Matements) hai'e been prepared under the historical cost conveniion with items recognis¢d at cost or transaction i'alue unless otheThN'is¢ sthied in the relean1 notes to ihese accounts. The financial ststetnents have been prepared in accordance with the Stsi¢mcnt of Recommended Pra¢ti¢e.' Accounting and Reporting b) Charities preparing their accounts in accordan¢e 1th ihe Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the L?niied Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The trust constitules a public benefii entity as defined by FRS 102. The Trust¢es consider that there are no uncertainties aboui the Trust's ability to continue as a going concern over the nexi Nelye months. 1.2 Fund aCCOUDling Funds held by the Charity are= Unrestricted generdl funds - Gerkerdl furtd5 are unrestricted funds w'hi¢h are a¥'ailable for use at the discretion of the Trusie¢s in furtheranc¢ of the general objeclii'es of the Charit). and M hich hav¢ noi been desi%naicd for other purwses. Grant fund - these are funds sel aside by the Trustees oui ofunrestri¢ied generdl funds for sp¢cifi¢ future purposes or projects 1.3 Incoming re$ources All in¢otning resources are in¢luded in the SOFA when the Charity is legall>' entiil¢d to the incom¢ and the amount can be quaniified with reasonable accurncy. 1.4 Grallts piyable and receivable All grant5 are accounted for gr05s when e1vable. Grants payable are recognised &s expenditure when the ommitmeni is entered into. 1.5 Resources expended All expenditur¢ 15 accounied for on an accruals b&sis and has been Classified under headings that aggregate all costs related to the categot!.. Where co5 cannot be dirrcil) attribuied io particular headings the). have been allated io activities on a basis consistent ith use of the resources. 13-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For th¢ year ended 31. August 20?? 1.6 Investments Investments held as fixed assets are revalued at mid_market value at the balance shed date and the gain or loss taken to the sL71emeni of financial activities. Cashflow statement The Charity is exempt from th¢ reqU1ment to prepare a cashflow statement because it is a sm211 Charity. Unrrfiri¢t¢d Restricted Funds Fund5 Total 2022 Lnre5tricted Funds Restri¢ied Fund5 I'olal 2021 Incorne from Charitable 4c¢ivilies Nur5eTr ftts from council Nursery fees from parents Government Grants 246.844 41.510 3.540 246.844 41,510 3.540 165,667 93,382 7,905 165,667 93.382 7.905 65$ Investrn¢nt income Bmk int¢r¢si rtreivable 228 228 18.8 Donations Big Lottery Fund '8A
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the y¢ar ended 31, Au8usI 2022 Unr¢stricted Rt5trirted Fund5 Fund5 Totxl 2022 Unr¢siricted Funds Restricted Fund5 Total 2021 Cost of charitable activities C05(5 dir¢ctl} allocai¢d to aciiviti¢s.'. Play supplie5 Food Wages Reni Insurdnce Staff tTaining Repairs and masntenance PTiniing. postage and 51ationery Bank charges General charges l Tel¢phone SubscTipiions Depreciation Advert15ing Accountancy charges Sundry Expense5 Late Filing Penalties 8,879 27,419 224,327 19,774 3.320 453 3.587 140 59 1.176 8,879 27,419 224,327 19,774 3,320 453 3,587 140 59 1.176 386 3,617 i i,(MJo 25,295 228,438 18,934 1,862 I I,o(K) 25.295 228.438 18.934 1,862 2.34: 6.925 6,925 57 57 816 2.878 816 3,567 284 4,214 3.041 576 689 1.946 249 360 ?49 360 597 375 7 Staff number5 and costs Wages National insurnnce contributions Pension Contributions 214.613 6,882 2,8i2 214,613 6.882 2,832 228.677 12,8311 2.591 228.64 j {2,8.; 2.59è, There was an av¢rage of 20 (2021: 21) members of staff in the Ftriod. The key management personnel of the charity. compris¢ of the nursery managers and charity secretary. The total employee benefits of the key management personnel of the Tru M'ere £31.224 (2021.. £30.556). No cmployee.. 41 of the ¢harity received ewnoluments of more than £60,000 {2021.' none). Trustees, reueratio aDd expenses None of the Trustees received any remuneration for services to the Trust. The Trustees did claim expense5 incurred on trthalf of the Charity. Taxation The Charity's a¢tivilies fall within the exemptions afforded by the provisions of the Corpordtion Tax Act 2010. Accordingly, there is no taxation charge in these a¢¢ounts. vj 15-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the y¢ar cnded 31. Au8usI 2022 io TaDgible fixed A55et5 Motor Vehicles Fixiures, Fittings and Equipment Total 2022 C05t At September 2021 Additions durÈng the year Di5p)sals 10,158 15J58 2,310 25.516 3,310 At 31, August 2022 Depreci8¢ioD Ai I" September 2021 Charge for the year 5.418 2.032 9,878 1.585 15.295 3,617 At 31, Augu5( 2022 LJ r4el book value At 31" August 2021 4.740 5.480 10221 At 31° Au8USt 2022 li Debtors 2022 2021 Trade debtors PTepayments 10,737 5.687 8.995 5,657 12 Cash at bgnk and in hand 2022 2021 Bank accounts 13 Creditors- amounts falling du¢ withi one year 2022 2021 Other Crediiors Ac¢rua15 CorpoTation T&x 4.638 2.500 2,231 30.901
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For thc year ended 31, August 202 14 Analysis of net assets beiween funds Restricitd Funds Unr¢stri¢ted Funds Total Funds Fund balances at 31° Augu512022 Are repre5enied by.. Fixed A5seis Current a$5¢ts Less . Current liabiliiies 8.914 51.489 (72381 8.914 51.489 (7238) 15 Restrieted funds Opening balance Nei tsulgoi4g rewur¢¢s Closing balance The restricted fund5 are represented b).. Fixiures, fitting & equipmeni grani 16 CAPital commitments There were no capithl commitments authorised or contracted for at the >'ear. 17 Taxation Th¢ Charity is exempi from t&¥ation on any income or capital gains. Coutrol 18 The Charity is under the ¢ontrol of the Tnjmees. 19 Company limited b). guaraDtee The Crescent Pre School Nursery Ltd is a ¢ompanv limited by gvardntee and accordingly does not have a share capitsl. Every member of the companj undertakes to ¢ontribute such amount as may be required not exceeding £ I to the assets of the ¢haritsble compan). in ihe eY¢nt of its being wound up while he or she is a m¢mber, or within one year aft¢r he or she ceases io bc a member. 20 Related Party Transa¢tion Cresceni Cafebar is a related trading ¢ompany for whi¢h the Charity is holding cash in transit to the atnount of £8,671 at the year end. -17-