BORDEN VILLAGE PRE SCHOOL LIMfIED STATEMENT OF ACCOUNrs AR ENDED 31° AUGUST2020 -A451EY4P* 2910512021 COMPANIES HOUSE A14
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RDEN FNAN IA 31°A ST2 20 CONTENTS Page Legal and Administrdtiv¢ Infomiation 2103 Trustees. Report Independent Examiners Rep)rt 5t06 Statement of Ftnancial Activities and Ba]ance Sheet 710 13 Notes to the Financial Statements
RDEN PRE D ADMtNJS TIVE INFORMATION FOR THE YEAR ENDED 31# AUGUST 2020 CIL4RITY REGISTRATION NUMBER 1139270 CON(PANY REGislliATION NUMBER 06498853 REGISTERED OFFICE 207 tA)ndon Road Sittingboum¢ Kent MEIO IPA TRUSTEES Jack V Barbary COMPANY SECRETARY Jack V Barbary Ri¢h2rd Dale MAAT R. A. Dale Accounting 207 London Road Sittingbourne Kent MEIO IPA Balay$ Bank Pl 81 High Street Sittingbourne Kent
BORDEN VILLAGE PRE SCH(X)L LIMtTED TRUSTEES. REPORT FOR Ill A T 2020 Th¢ truse and sol¢ member (who is also th¢ director of the charitable o)mpany for the purposes of company law) presents his annual report together with the fmancial statements of Borden Village Pre- S¢hool Limited {Ihe charitsble ¢cKnpany) for the year ended 31° Au8USt 2020. The trustee ¢onfirnis that the arUal report and financial sthtements of the ch8ritsble company comply with th¢ curffnl statulory quirem¢n the requirements of the charitable compan$ governing documenL and the provisions of the Statement of Recommended Practice (SORTr). applicabl¢ to charities preparing their accounts in a¢cordan¢e with the Financial Reporting Stsndard applicable in the UK and Republic of IrelaThJ (FRS 102 Section IA) (effective I. January 2015). STRUCTURE, GOVERNANCE AIYD MANAGEMENT CONSTITUTION The charitable company is registered as a charitable company litnited by guarantee and was s¢t up by a Memorandum and Articles of Association on I l Feary 2008 and b¢¢am¢ a registered charity on 7th December 2010. The reference and administraiion infomiation is s& out on page l of the firla] 5tstements. THE DlliECTOR WHO IS ALSO THE SOLE TRUSTEE OF THE JACK V BARBARY. During the year, the Tnjstee was the sole member of the Company. his interests beTng non-beneficial. The Trustee received no remunerdtion in respe£t of his 5ervice4 but w&8 entitled to claim certain expenses. The Board may ciynsist of not I than l and there is no maximum. METHOD OF ELEGnON OF TRUSTEES The managem¢ni of the charitabl¢ ¢ompany is the reswnsibility of the tnth who has been elected and Co-opted under the terms of the MeThor8ndum and Articles of Asyjciation. At this time the apwiniment of further trustees is being look¢d into. LICIES ED FOR THE NDUCTtON AND TRAtNtNG OF TRUSTEES Th¢ trustre has been ¢hosen with a vi¢w of his providing the charitable company with a range of skil exFedient to development and management of the tunning of th¢ Bord¢n Village Pff-school. ORGANISATION STRucfuRE AND DECISION MAKING The charitable company is relyin8 UPK>n the guidance issued by the Charities Commission in relation to d¢¢ision making. There is no fomial scheme for trdining trte¢S but the charilable company I undertaken a review during the year of the trustets, requirements. NNT The trustee has assessl the major risks to which Ihe charitsble ¢ompany is exposed, in particular those related to the operations and finances of the charitsble wmpany, and aft satisfied that systems and procedures are in place to mitigate ¢xp)sure to the major risks. The objects and activities of the chaTitable COTnpany are to estsblish or Secu th¢ establishment of a pre- school and to maintsin and manage th¢ same (whether alone or in cfroperntion with #ny ststutory authority or oth¢r person or y) in fjJrther of the objects.
BORDEN VILLAGE PRE scHL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31° AUGUST 2020 ACHIEVEME AND PERFORMANCE The Preschool continues lo play an imFrf)rtanl rol¢ in the community. This year we have exp¢ri¢nced the most difficult year since openin8 with the pandemic arriving. Although this h&s obviously affected ev¢ryon¢ in th¢ are4 I am proud to say that the Preh¢?01 played its part in slaying open to all Key Worker Children throughout the year. We hav¢ also seen a ris¢ in children with learning difficulties as the local sP1a]ist SthLK)1s are struggling to acwmmodate them. This has placed a er burden on us to maintain our high #andards whilst needing to provide more one to e alucation. The nel income receiv durin8 the year amounted to £129314 with extxnditurc amounting to £135214. resulting in a loss for the year of £5900. Total funds availabl¢ as at the end of the accounting period amounted to £I76013 of which £93006 were available unrestricted funds. FUTURE DEVELOPMENTS As for th¢ future, we hope to maintsin our role in th¢ community as we have done sinc¢ Oning our doors. We intend to Tecruit an additional memkr of staff on a full-tim¢ basis to help cop¢ wtth the additional problems we know will come our way. The charity's financial position is shown on pages 5 & 6. RESERVES Our aim is to ¢reate unrestri¢t¢d reserve5 equivalent to six month's expenditure. This is to ensure the charity's activities con continue as a result of any unfoSeen financial difficulties. PUBLIC BENEFIT When considering Borden Village Pre-school Limited activitie8 the tnjstee has ¢J)mplied with the duty in section 4 of the Charities Act 201 I to have due regard to the Charity Commission's genetal guidance on public benefit. GOING CONCERN The trustee has tsken acclwnt of the d(*umeni "Going Concern and Liquidty Risk. Guidance for Directors of UK Companies 2(K19 issued by the Financial RepK)rting Council and believes the charitable company is a going concern. This assessment is based uwn the funding availabl¢. cash in hand and the level of free reserves and income expected to be receiv¢d from the services provided. Approved by the trnstees on 27thMay 2021 and signed on their behalf by Jack Barbary
tNDEPENDENT EXAMINER'S REPORT N THE ACCOUWtS TO THE TRUSTEES OF BORDEN VILLAGE PRE SCH(X)L LDA]TED FOR THE YEAR ENDED 31° A GUST 202 ER 1076913 RESPLLTIVE RESPONSIBItJTIES OF TRUSTELS AND EXAMINER The Charity's trustees are responsible for the preparntion ofthe accounts. The charity's tystees wnsid¢r that an audit is not required for this year under tIOn 43(2) of the Charities A¢1 19K)3 (the 1993 Act) and that an independent examination is ae¢d¢d. It is my responsibility to.. examine the accounts under tIOn 145 of the 2011 Ac¢ to follow the procedures laid down in the general Directions given by th¢ Charity Commissionets under tIOn 145(5)(b) of the 2011 ACL and to state whether particular matters have come to my attention. BASIS OF llYDEPENDENf EXAMINER'S STATEMENr My examination was carried out in acc(thce with g¢n¢rdl Directions given by the Charity Commissioners. An examination iwludes a review of the accounting records kept by the choyity and a Comparison of the accounts presented with those records. It also includes colderntiOTh of any unusu items or disclosures in the accounts. and seeking explanations from the ttvstees concerning any such matt¢rs. The procedures undertaken do not provide all the evidence that would E¢ required in an audi¢ and consequendy opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to thosc matters set out in th¢ ststrment low. INDEPENDENT EXAMtNER'S STATE[ In the course of my examination. no matter h&$ come to my ort¢ntion: which gives me re&sonable cause to believe that in. any material respecl the trusle¢s have not met the requirements: to keep accounting records in accordanee with stttion 386 of the Companics Act 206: and to prepare accounts which accord with th¢ a¢¢ounting records and comply with the accounting requirements of the 1993 Act have not ien m¢L" or 2. 10 which, in my opinion. attention should be drawn in order to enable a proFKr understanding of the accounts io be reached. Namc Addr¢ss RA Dale MAAT A 207 London Road Siningbourne Kent MEIO IPA Date 2trMay 2021
EP CH STATEMENf OF FNANCIAL ACTtVITIES FOR THE YEAR ENDED 31# AUGUST 2020 Notes Unrestricted R cted 2020 Funds Funds Total 2019 Total Income From Donations and grants Charitable acliviti School fees Activities Other tradin in¢ome School unifomi Photo 5a]es Courses 107447 107447 102930 21481 10 21481 io 24468 83 295 81 295 81 298 588 4(Ki Total Incomin Resources 129 9314 esour Charitable activities Trading expenditure Support Costs Governance costs 90668 977 22852 1406 94869 621 41652 1462 977 42163 1406 19311 Total Resources Ex nded 115903 19311 135214 138604 et Incomin Total Funds Brou oin Resources ht Forward 13411 595 (19311) 102318 (5900) 181913 (9837) 191750 Total Funds Carried F tward 93(K)6 83(M)7 76013 18191
BORDEN VILLAGE PRE SCH(X)L LIMtTED AL ESHE FOR THE YEAR ENDED 31* AUGUST 2020 Notes FIXED ASSETS Tangible Assets 133822 154560 CURRENT ASSETS Debtor5 (amounts falling du¢ within one year) Stock Cash ai Bank io 3225 3307 44588 47813 42565 45872 CREDITORS.'AMOLfNTS FALLING DUE WITHtN ONE YEAR 5622 18519 T CURRENT ASSETSI LIABILITIES 42191 NET ASSETS 176t)13 181913 FLfNDS OF THE CHARITY Unr¢stri¢t¢d fvnds Restricted funds 93006 83007 79595 102318 14 L FLfNDS 13 176013 181913 For the y¢ar ¢ndin8 31° August 2020 the company was entitled to exemption from audit und¢r s477 of th¢ Companies Aa 2006 relaiing to small cornpanies. The memE¢rs have not required th¢ Company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledg¢ th¢ir r¢S$1b11)tieS for complying with th¢ requirements of the Companies Act with respect to aUntIng records and the preparation of aOunts. These financial statements have been prepar&J in aixordanc¢ with the provisions applicable to small companie5 subj¢ct to the small companie5 regim¢ and in a¢¢ordatKe with FRS102 SORP. Approv by the trustee on 2P May 22] and siwj on its behalf by Jack Barbary
BORDEN VILLAGE PRE SCH(J)L LIMrrED THE FINANCIAL STATEMENTS FO I#A ST2 I ACCOUNTING POLICIES N AND BASIS FACC Borden Village Pre-S¢h(KJl LImid is a private company limit1 by guarantre in England. In the ¢vent of the charity being wound Ups the liability in respect of the guarantee is limited to £10 per member of the charity. The nature of th¢ ¢harity's operdtions and principal activitie5 are to establish or secure the establishment of a pre- school. The charity ¢onstitut¢s a public in¢frt ¢ntity as defined by FRS102. The financial statements have E*en prepar&1 in accorda with Accounting and Re)rtIng by Charities.. Statemeni of Re£ommended Practtce applicable to Charities pr¢paring their acwunts in ardance with th¢ Financial Re&ing Standard applicable in the UK atMI R¢publi¢ of tr¢land {FRS102) issued on 16 JUSY 2014 (as UPKlated throu8h Upda1¢ Bulletin I published on 2 February 2016). the Financial Rewjrting Standard applicable in the United Kingdom and Republic of Ireland (FRS102A the Charities Act 2011. the Companies Act 20{ and UK Generally Accepted Prdctiee 8$ it applies from January 2015 Th¢ charity h&5 appli¢d Uwlat¢ Bulktin l as publishd on 2 February 2016 and does not include a cash flow statement on the oUndS that it is applyin8 FRS102 Section IA. The financial statements are prepar] on a going concern basis under the historical cost convention, modified to includ¢ ¢ertain it¢ms at fair value. The fuwiciai statements are presented in sterling whi¢h 15 th¢ functional currency of the charity and rounded to the nearest £1. The significant accounting wlicies applied in the preparntion of these financial statements are set out below. These lICIeS have been consistently applied to all ye5 presented unless otherwi% Stated. Unrestricted fvnds are available for use at the discretion of the trustees in furtherance of the gvKral obiectiv¢s of the charitsble company and which have not been designated for other pwpos¢5. Designated fibnds comprise unrestricted funds that have been S &side by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the fuwKial statements. Restricted fvnds are fvnds which are to be used in accordance with specific restrictions imp)wJ by donors which hav¢ been rnised by the charitable company for particular purposes. Th¢ cost of raising and administering su¢h funds aTe charged against the specific fund. The aim and use of ea¢h r¢stri¢t¢d fund is sd out in the notes to the financial 5tat¢m¢nts. tNCOME RECOGNITION All incoming resources are included in the ststement of financial activities when the charttable company is legally entitled to the income and the amount can be qualified with re&Sable No amounts are includ¢d in the financial statements for 5ervirxs donaled by volunteers. Grants receivable are recognised at fair value when the charity has entitlement after any performance eA)nditions have been me( it is probable the ineome will be e1ved and the amount can be measured reliably.
RDEN VILLAGE PRE scHL LIMITED NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3151 AUGUST 2020 Incotne from trading activities includes Inne earn from trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is reco8nis¢d when entitlement has ctturred. School fees are recognised in relation to the period they relate to. SchcN)I fees CeIVed upfront arc shown defetTed income. EXPENDITURE RECOGNITtON All exp¢ndittw¢ is a¢count¢d for on an awuals b&sis and h&$ Lwi included under expense catsgories that aggr¢gat¢ all wsts for allocation to activities. All expenditure includes attributable VAT which cannot be re¢overed. WThere costs cannot be directly attributed lo particular activities they have been allo¢ated on a basis consis*nt with the use of the resources. SuptX)rt costs are tknse costs incUed directly in support of expenditure on the objects of the charitable company and are atlocated acr055 charitable and non-charitable activities on a pro- rats basis guided by the valu¢ of attrabutsble COS unl¢ss they can be attributed dir¢¢tly. being a Murement considered representaiive of the specific input into each activity. Governance costs are those incurred in connection with administrdtion of the company and compliance with constitiOnal and statOry requiretnents. TANGIBLE FIXED AssEfs AND DEPRECIATION After the initial set up costs. all &ssets costing less than £250 are WTitten off at time of purch&8e. Tangible fixed &ss¢ts are swed at cost less depreciation. Depreciaiion is providsj at rates calculated to write off the cost of fixed assets, less their residual value, over their expe£ted useful lives as follows: Leasehold buildings Furniture, fittings and equipNn¢nt Office equipment computers Plant & machinery From 1° September 2011, over peri¢Jl of lease 150/0 reducing balance 250/0 straight line 21P/o straight line STOCK Stock is included at the lower of Cost or net realisable value. Donated items of stock ar¢ recognised at fair value which is ihe amount the charity would have willing to pay for th¢ itans on the open maJkeL DEBTORS AND CREDITORS RECEIVABLEJPAYABLE THIN Debtot3 and creditors with no stated interest rate and re1vable or payable within one year aTe recorded at transaction price. Any loss¢s arising from impaimlent are Twnized in expenditure. CASH AT BANK AND tN HAND Cash at bank and c&sh in hand includes cash and short temi highly liquid 1nvestsnts with a short maturty of thr¢e months or less from the date of acquisition or otthing of the deposii or similar account. GOING CONCERN The finan¢ial atC[neftts have b¢¢n prepared on a going nCern basi5 &s th¢ trCeS as th¢ trustees Ixlieve that no material uncertainties exist. The trustees have considered the level of fid$ held and the eXCted level of in¢ome and expenditure for twelve months from authorising thw financial statements. Th¢ budgeted iome and exndItre is sufficient with the level of reserves for the charity to able to continue as a 8oin8 concern.
BORDEN VILLAGE PRE SCH(K)L LIMITED NOTES TO THE FtNANCIAL ST FOR THE YEAR ENDED 31° AU 2 DONATIONS AND GRANTS Unmtricted R¢strict¢d L2 20 Funds Funds Total 2019 Total Kent County Council (funded school places) 96793 Swale Borou8h Council (covid grant) 10(M)o Other donaiions 654 654 107447 107447 102930 Income from donations and grants amounting to £107447 (2019: £102930) of which Nil (2019- nil) was allributable to restricted and £107447 (2019: £102930) was atiributable to unrestricted funds. 96793 102930 3 CHARITABLE ACTIVITIES Wages and salaries Employer Fnsion contributions Rent School trips School Activities EdUtiOnal matsrials and equipment 85438 1230 85438 1230 87790 1026 4000 706 135 212 94869 Expenditure on charitsble activities amounting to £90668 (2018: £94869) was fully allributable to unrestricted funds during th¢ current and previous a¢untIng F¢Ticds. 90668 4 TRADtNG EXPENDITURE School uniforn] School photos 467 467 510 510 977 977 621 Expenditure on trading expenditure amountin8 to £977 (2019: £621) was fully attribulable to unrestricted fid$ during th¢ current and previous accounting peri¢JJs. 621
RDEN VILLAGE PRE SCHOOL LiTrdrrED NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31$ AUGUST 2020 UPPORT COSTS 2020 Total 20 Totsl Funds Lighi and heat Water rntes Insurance Telephon¢ and intern¢t Printing, p)stage and ststionery Travel and entertainment Furniture and equipment Repairs and maintenan¢¢ Staff training Childcare supplies Cl¢aning Depreciation Subscriptions and advertiSiT]g Legal charges and interest (Profityloss on disposal of fixed assets Sundry exp¢ns¢s 1302 171 1157 1695 1202 172 618 3959 787 1813 1112 2943 1112 3605 1206 185 1078 2384 339 240 1465 4089 734 2552 836 22254 749 1206 185 1078 2384 339 240 1465 4089 734 2552 836 21908 749 841 19311 12 2624 2624 22852 311 42163 41652 Support costs during the y¢ar amounted to £42163 (2019: £41652) of whi¢h £19311 (2019: £19112) w&s attributsble to stricted and £22852 (2019: £22540) was attributable to untestricted funds. RNANCE COSTS 220 2019 Independent examination Bank Charges 1320 86 1406 1320 142 462 7 STAFF COSTS 2020 2019 Th¢ a88re8afr stsff costs were as follows: Wages and salaries Social security costs Employers pension wntributions 83972 1230 1466 866 86523 1267 1026 No employ¢e r¢rKived ¢moluments (excluding employers p¢tLsion costs) of more than £60.000 (2019- nil) The averdge number of employees during the year lCUlated on the Lwis of full time equivalent wa5 as follows: 2020 2019 io-
BO L LIMITED NOTES T ANC TATEMEN FOR THE YEAR ENDED
AUG
r20 8 TRUSTEE AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES The trustee and key management personnel lther receivd nor V1ve0 any remuneration during the year (2019.. £nil). The trustee did not have any expxnses reimiHJrwJ during the year (2019.. £nil). The charity considers its kty managerneni petsonnel comwise of the Trustee. 9 TANGIBLE FIXED ASSETS Furniture. Computer fittings & & office Plant & ui ui ment Machin Leasehold buildin Totsl COST At 1st Septemter 2019 Additions Disposals 305430 10908 4854 547 (1702) 411 321603 1516 (1702) At 31 st August 2020 305430 3699 411 321417 DEPRECIATI At I st September 2019 Charge for the Year Eliminated on disp)5als 157274 20777 5365 977 4177 454 (1702) 227 167043 22254 (1702) At 3 1st August 2020 178051 6342 2929 273 187595 NET BOOK VALUES At 3 1st August 2020 127379 5536 770 138 133822 At31stAu8USt2019 148155 554 677 154559 10 DEBTORS 2020 2019 PpaYments and accrued income Other debtors 2778 447 3225 2782 579 3307 I I CREDITORS 2020 2019 Trade creditors Ac¢nthls and deferred income T&xation and social security Pension control 354 4783 238 247 5622 373 17179 697 270 18519
BORDEN VILLAGE PRE SCHOOL LIMITED NOTES TO THE FINANCIAL STATE FOR THE YEAR ENDED 31° AUGUST 2020 12 DEFERRED INCOME 2019 As at I SeptemLxr Amounts d¢f¢rred in year As at 31 August 14217 1421 14217 14217 Income received from KCC has been deferred as it relates to the following year. 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS General Restricted Funds Funds Total Tangible fixed assets Current assets Current liabilities Net assets as at 31. August 2020 50815 47813 5622 83007 133822 47813 5622 176013 83007 14 RESTRIcfED FUNDS Balances at G1109119 Incoming Resources Transfets Balances at resources expended 31108120 Building Development Fund Blwk Paving Playground Fund 97239 07 102318 18715 596 19311 78524 44 83007 Buildin Develo ment Fund A fund created from funds primarily from Kent County Council to create a new Purpose built Pre School. Block Pavin Pla round Fund A fund created from funds primarily from George Webb Finn and The Borden Parish COU11 to create a n¢w block paving playground. 1 S TAXATI The company is a registered charity and not subjxt to wrwration tsx on its charitable income. 16 CAPITAL COMMITMENTS The charity had no upital commitments as at 314 August 2020. 12-
17 FINANCIA At 31. August 2020 the company had annual oimmitments under nanClIable cyerating lea8¢ agre¢m¢nts as follows-. 20 2019 Expiry date: Not later than one year Later than one and not later than five year5 Later than five years 40 4000 160IYJ 14000 34000 100(M) 3IK>OO 18 LATE PARTY TRANSA ON During the year the wif¢ of the trustee Jack Borbary an employee of the charitable Company, her $S pay and employer NIC and Pension contributions talLed £25261 (2019- £21682) The ¢haritable company operates a defined contrilxrtion 10n scheme for the benefit of its employees. Contribulion5 payable are charged to the profit and10&8 acc4)unt in the ritsj in which they are payable. 20 LIABILITY OF The company is limited by guarantee. having no share capital and in the terms of the Memorandum of ASlatIOn the member of ihe company undertskes to contribute to the assets of the compY in the event of it Ing wound up he is a member, or, within one year after he ceases to be a memEcr, such amount as may be required not exceeding £10. 13