BOBDEN VILLAGE PRE scHL LIMITED TATEMENT OF ACCOUNrs FOR THE YEAR ENDED 31" AUGUST 2021 ¥A8BLMIG) 0110912022 C014PNIES HOUSE
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BORDEN VILLA E PRE SCHOOL LIMITED FtNANCIAL TA FOR THE YEAR ENDED 31° AUGUST 2021 coNrENTS Page twl and Adminislrative InfoTmation 2to3 TnL8t, Report Independent Examiners Ret 5106 Ststement of Financial Adivities and Bal#n¢e Sheet 7t013 Not¢s to the Financial Statements
BORDEN VILLAGE PRE SCHOOL LLMITED LEGAL AND ADMtNISTRATtVE tNFORMATI FOR THE YEAR ENDED 31° AUGUST 2021 CHAIUTY REGISTRATION NUMBER 1139270 COMPANY REGISTRATION NUMBER (KA98853 REGISTERED OFFICE 207 London Road SittingtrA)urne Kent MEIO IPA TRUSTEES Jack V Barbary COMPANY SECRETARY Jack V Barbary INDEPENDENT EXAMINER Richard Dale MAAT IL A. Dale Accounting Ltd 207 London Road Sittingixjurne K¢nt MEIO IPA BANKERS Barclays Bank PIC 81 High Street Sittingix)urne Kent
BORDEN VILLAGE PRE SCH OL LIMITED TrUSTE ' REPORT R THE YEAR ENDED 31° AUGUST 2021 The trustee and sole member (who is also lh¢ direaor of the charitable company for the puwes of company law) presents his annual rep¢t together with the financial statements of Borden Village Pre- School Limited (the charitable company) for the year ended 31° August 2021. The ttustee confirnis that the annual report and financial statements of the chatitable company comply with the current statutory requirements, the requirements of the charitable company's governing documenl and the provisions of the Statement of Recommended Practice (SORP). applicable to charities prepartng their accounts in accordance with the Financial Rep)rtin8 Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102 Section IA) (effective 1° January 2015). STRUCTURE, GOVERNANCE AND MANAGEMENT ON TITUTION The charitable company is registered &s a charitable company limited by guarantee and was set up by a Memorandum and Articles of A&wciation on I l February 2(K18 and became a registered charity on 7 DecemFKr 2010. The fence and adxninistration inf0mtion is set out on page l of the financial ststerncnts. TIIE DIRECTO IVHO IS AUSO THE SOLE TRUS7EE OF THE cOmPAy N THE YEAR I ARBARY. During the year, th¢ T[St¢e was the sol¢ Member of th¢ compwjy? his interests b¢ing non-ben¢ficial. Th¢ TNst¢e received no remuneration in respect of his seTvices, but was entided Claim ¢¢rtain expenses. The Board may consist of not less than l and ther¢ is no maximum. METHOD OF AppoffftiENf OR ELEcfioN OF TrUSTEES The managemeni of the charitsbl¢ company is the ¢Snsibility of the trustee who has been ¢lected and Co-opted under the ternis of the Memorandum and Articl¢s of Association. Ai thi5 time th¢ appointrn¢nt of fiwther trustccs is IKing look¢d into. POLICIES ADopfED FOR THE INDUCTION AND TRANNG FTR ST The trustee has been chosen with a view of his providing the charitable comwy with a range of skills expedient to development and management of the nlnning of the Bord¢n Village Pre-school. ORGANISATION STRUCTURE AND DECISION MAKING The chatable company is r¢lying upon the guidanrc issued by the Chariti¢s Commission in relation to decision tnaking. There is no formal scheme for trdining trst$ but th¢ charitable company has undertaken a revtew durtng the year of the trvstees. requirements. RJSK AsSESSmEr The te¢ has assessed the major risks to which the charitable ¢ompJny is ¢xposed in parti¢ular those related to the operations and fu)an¢¢s of the ¢baritsble company. and are satisfied that systems and PToreduT¢S ar¢ in place to mitigatr exposure to the major risks. OBJECTtVES AND AcrtVlTILS The objects and activities of thc chatitsble company are to establish or secure the ¢stablithm¢nt of a pr school and to matntain and man¥ge the same (wheth¢r 31one or in co-operntion with any staiutory authority or other person or body) in furtherance of the objects.
BORDEN VILLA E PRE SCH L LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31" AUGUST 2021 ACHIEVEMENTS AND PERFORMANCE The Presthwl. as it alway5 h4 plays an imtA)rtant role within the Borden PIsh Having ststed las¢ ye& that it had been the "most difficult year since opening" we did not foresee yel another very difficult Our industry continues to lose staff in droves. Although this is no new thing it gets worse every year. We are extremely lucky to have kept a]1 members of stsff and have added two new PractitiOnS of a very high calibre indeeiL As stated last year we have seen a significant rise in the numEr of children with learning difficulties. This has again risen year on year and creates its oim difficultie& The net income received during the year amounted 10 £121849 with expenditure amounting 10 £142%2. resulting in a loss foT the year of £21113. Totsl fund5 available as at the ¢1 of the acwuniing period amounted to £1549(K) of which £91204 wer¢ available as wvestricted fimd8. FUTURE DEVELOPMENTS W¢ hope we can maintain our rol¢ in the community. Having recrnited two new members of staff we feel we can ve all th¢ ¢hildr¢n the early education they need and deserv It is our intention to ty and allow th¢ JoiT)t Managers more tim¢ to ci)ncentrate on the masses of paperwork we have to de81 with. FINANCIAL AcftvrrAES The charity's financial position is shown on pages S & 6. RESERVES Our aim is to creat¢ unrestricted eS equivalent to six month's exF¢nditurt. This is to ensure the charity's activities can continue as a result of any unf<Kes¢en financial difficulties. PUBLIC BENEFIT When considering Borden Village Pre-S¢hool Limited activittes. the tn]stee has complied with the duty in S¢Clion 4 of the Charities Act 2011 to have due ryd to the Clwity Commission's general guidance on public benefiL GOING CONCERN The In]stee has taken account of the document "Going Concern and Liquidity Risk" Guidance for Dircctors of UK Companies 2009 issued by the Financial Retx)rting Council and believes the charitable company is a going ¢oncern. This assessment is based upon the funding available. cash in hand and the level of free reserves and in¢om¢ ¢xpe¢t¢d to b¢ received from the seLvices pmvided Approved by the trUceS (N] 26°August 2022 and signed on their behalf by Jack Barbary
INDEPENDE[ EXAMINER'S REPORT ON THE AccouKrs RDEN VILLA EPRE CH L LIMITED FOR THE YEAR ENDED I"AU UST 2021 CHARrrY NUMBER 1076913 ' RESPECTIVE RESPONSIBtLITIES OF TRusfEES AIW EXAMINER The charity's rn]stees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is noi required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent ¢xainin2tion is n¢eded. It is my responsibility to- examine the accounts under section 145 of the 2011 ACL to follow the procedures laid down in the general Directions giv by the Charity Commissioners under se¢tion 145(5Xb) of the 2011 ACL and to state whether particular Tnatters have com¢ to my attention. BASIS OF INDEPENDENT EXAMINER'S sfATEMENr My examiIYdtion was [ried uul in accurd#nee with generdl Directions giveti by the Charity Comrnissioners. An examination includes a review of the Accounting records kept by the charity and a comparison of th¢ a¢counts presented with those records. li also includes consideration of any unusual itnS or dis¢105urts in the accounts, and s¢¢king ¢xplanations from the trustees concerning any such matters. The proccdures undertakcn do not provid¢ all th¢ eviden¢¢ that would be required in an audi and consequently no opinion is given as to whether the accounts prescnt a 'twe and fair, view and the report is limited to thos¢ matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In the course of my examinatiow no matter has come to my attention: whi¢h gives me reasonable Ca to believe that in. any mat¢Tial respecL th¢ trustees hav¢ not met the requirements.. to keep accounting records in ac¢ordance with section 386 of the Companies Act 206. and to prepare accounts which a¢¢ord with the accounting records and comply with the ac¢ouT)ting Tequirements of the 1993 A¢t have not be¢n met.. or to which, in my opinion. att¢ntion"should drnwn in order to enable a pro understanding of the accounts to be reached. Name Address RA Dale MAAT ATT 207 London Road SithngFy)urne Kent MEIO IPA Date 26°Augntst 2022
BORDEN VILLAGE PRE SCHIX)L LIMITED STATEMENTOF FfNANCIAL ACTIVITIES FOR THE YEAR ENDED I#A 21 Notes Unrestric1 Restricte4J 2021 Funds Funds Totsl 2020 Total Income From Donations and grants Charitsble activities School fees Activrfi¢s her din income School unifomi Photo sales Cours¢s 96582 96582 107447 25216 25216 21481 10 51 51 295 81 Total Incomin Resources 121849 121849 129314 Resources Ex Charitable activitie5 Trading expenditure Support co$ Governance costs 91913 91913 90668 977 42163 31X)89 1649 19311 49400 1649 Total R urces Ex nded 12 19311 142962 135214 Net Incomi Total Funds Brou oin Resource5 ht Fotward ( 1802) (19311) (21113) { 5900) 93006 83007 176013 181913 Total Funds Carried Forward 91204 63696 154 17
RDEN VtLLAGE PRE SCHIX)L IMITED BALANCE SHEET R THE YEAR ENDED 31# AUGUST 2021 Notes 2021 2020 FIXED ASSETS Tangible Assets 118183 133822 URRENT ASSETS Debtors (amounts fallin8 du¢ within one year) Stock Cash at Bank 10 2932 3225 55647 58579 44588 47813 CREDITORS..AMOUNTS FALLfNG WITHtN NE YEAR 218 5622 NETC SETSI LIABILITJES 42191 NET ASSETS 154900 176013 F THE CHARITY Unr¢stri¢ted funds Restricted funds 91204 63696 93006 83007 14 TOTAL FUNDS 13 154900 176013 For the year ending 31. Au8USt 2021 the company was ¢nlitled to exemption from audit under 5477 of the Compani¢s Act 2006 relating to small oNnpanies. The members have not required the company to obtain an audit in acrdanCe with section 476 of the Companies Act 2006. The dire¢tors acknowledge their resFxJnsibilities for CA)mplyin8 with the r¢quitEments of the Companies Act with r¢spect lo a¢uni1ng rerdS and the preparation of aounts. These financial statements have been prepared in acLxJrdan¢e with the provisions appli1¢ to small ompani¢s subject to the sm811 companies regime and in accordance with FRS102 SORP. Approved by the trtr¢ on 26 August 2022 and signed on its behalf by Jack Barbary
BORDEN VILLAGE PRE SCHOOL LIMrfED NOTES TO THE FtNANCIAL sTATEMrs FOR THE YEAR ENDED 31° AUGUST 2021 I ACCOUNTING POLICIES GENERAL fNFORMATION AND BASIS OF AccouKrtNG Borden Village Pre-schijol Limited is a privat¢ company limited by guarnntee in England. In the ev¢nt of the chlty being WOLEnd up, the liability in respe¢t of the £Wran is limi*d to £10 per memkT of the charity. The natUTe of the charity's operations and principal activities are to esthbli5h or secure the establi5hm¢nt of a pr¢- school. The charity constitutes a public benefit entity &$ defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Chariiies." Statement of Recommended Practice appli¢able to charities preparing their acUnts in acwrdance with the Fin8JJcial Rep)rting Standard applicable in the UK and Republic of Ireland (FRSI 02) issued on 16 July 2014 {as updated through Update Bulletin I published on 2 February 2016). the Financial ReEK)rting Standard applicable in the United Kingdom and Republic of Ireland IFRS102). the Charities Act 2011. the Companies Act 201JS and UK GeTJerally Accepted Ptactice as it applies from January 2015 The charity has applied Update Bulletin l as published rm 2 Febnw 2016 and does not include a flow statement on the grounds that it is applying FRS102 Section IA. The financial statements are prepared on a going coneem basis under the historical cost convention, modified to in¢lud¢ ¢ertsin items at fair value. The financial statements are presented in sterling which is the functiotial currency of the charity and rounded to the nearast £1. The si]1fiCant accounting policies aR)lied in the PTepardtion of these fu11 sratements are set out below. These policies have been consistently applied to all ye•s pr¢s¢nted unless otherwise stated. FifND ACCOUNTtNG Unrestricted funds ar¢ available for use at the discretson of the Inlee5 in fijrtherance of the genera] objectives of the charitable c4)mpany and which have not been d&signated for other purpos. Designated fimds comprise unrestricted fimds that have been set aside by the trustees for particular puryN)ses. The aim and use of each designated fimd is set out in the note5 to the financial 51atements. Restricted funds are funds which are to be in accordance with specifi¢ restrictions imposed by donors which have been raised by the charitabl¢ MpanY for parti¢ular pu[p)s. The CO of raising and admiT)i5tering such fijnds are charged against the sp¢cifi¢ fund The aitn and use of each restricted fjjnd is Set out in the notes to the financial ststements. INCOME RECOGNrrtON All incoming resources are included in the statement of financial a1VitieS vth¢n the charitable company is legally entitled to the income and the amount can qualified with Tea$Cable accuracy. No amowits are included in the financial Sernents for services donated by volunteers. Grants rxeivable are re¢ognised at fair value when the charity has entitlement after any performance conditions have been met. it is probable that the income will be received and the amount ¢an be mwured reliably.
BORDEN VILLAGE PRE SCH L LIMITED TES TO IHE FINANCIAL STATEMENrs R THE YEAR ENDED 31° AUGUST 2021 Incorne from trading activities includes income earned from tling activities to raise fimds for the charity. tncome is received in exchange for supplying g(x¥ls and servitt5 in order to raise funds and is rxognised when entitlement has ocCUed. S¢hcx)I fees ar¢ recOls¢d in relwion to th¢ lod r¢lat¢ io. Schfy)I fees rtt¢iv¢d upfmnt are shown as deferred in¢ome. EXPENDITURE RECOGNITtON All expendilure is accounted for on an accrualq basis and been included under cxpense categoi'ies thul aggregate all costs for allocation to activities. All expenditure includes attnbutsble VAT which cannot be recovered. Where costs cannot b¢ directly attributed to parti¢ular activitie5 they have been all(Kated on a basis consistent with the use of the resources. Support costs are those costs incurred directly in supEx)rt of expenditure on the objects of the ¢harilable company and ar¢ allocated across ch8ritsbl¢ and non-charitable activities on a pro- rata basis guided by the value of attributsble costs. unless they can be attributed directly, being a measurement considered representative of the SFrfific input into each activity. Governance costs are those incurred in conn¢¢tion with adminislratiotL of the compaThy atKI compliancz with cotutioal aTLd siaiuiory requirements. TANGIBLE FIXED A AND DEPRECIATI After the initial set up costs. all assets costing less than £250 ar¢ written off at time ofpUrch. Tangible fixed assets are stated ai cost I4 depreciation. Depreciation is provided at rai¢s calculated to write off the cost of fixed assets. less their Tesidual va]ue. ov¢r their exFwted useful liv¢s as follows". Leasehold buildings FumittJr< fittings 9md equipment Office equipment and computers Plant & machinery From I" September 2011. over puiod of le&8e 1S0/• reducing balance 25/0 straighi line 2(P/o straight line STOCK St¢xk is in¢luded 4t the lower of cost or net realisable value. Donat¢d items of stock are recognised at fair valu¢ which is the amount the charity would have been willing to pay for the items on the open market. DEBTORS AND CREDfToRS RECEIVABLFJPAYABLE wrrHN ONE YEAR Debtors and ¢reditors with no stated inwest ratr and receivable or payable within one year rOrded at transaction price. Any losses arising from impaimient are Twized in eXpd1the. ASH AT BANK AND IN HAND Cash at bank and cash in hand includes cash and short terni highly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the dewjsit or similar a¢wunL GOG CONCERN The fmancial statements have been pryTed on a going concern basis as the tnJste¢s as the trnstees believe that no material un¢¢rtainties exist. The trustees have considered the level of funds held and the expected lev¢1 of in¢om¢ and expenditure for twelve months from authorislng th¢s¢ financial statements. The budgeted income and expenditure is sufficient with the level of r¥v¢S for the clwity to be able to Continue as a going concern.
BORDEN VILLAGE PRE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31° A T2021 2 tK)NATIONS AND GRANTS Unrestricted Restricted Funds Funds 202 Total 020 Total Kent C(]nty Council (fimded school pla$) 95476 Swale Borough Council (covid m) Other donations 95476 96793 0000 1106 654 96582 96582 107447 Income from donations and amounting to £96582 (2020: £107447) of which Nil {2020- nil) was attributable to restricted and £96582 (2020: £107447) Xllriimrtable to unresincted funds. 3 CHARJTABLE ACTIVtTtES Wages and salaries Ernployer pension contributions Rent Sch(x)I trips School Activities Educational niateriais and eqUipmt 86495 1418 86495 1418 85438 1230 4000 91913 91913 )668 Expenditur¢ on tharitable activities amountin8 to £91913 (2020.. £90668> was fully attributable to unrestricted fimds during the curr¢ni and Previo a¢¢ounting periods. 4 TRADfNG EXPENDITURE School unifom School phoios 467 510 977 Expenditse on trading expenditure amounting £0 (2020: £977} was fvIIy attributsble to unrestricted funds during the cuent and previous accounting renods.
BORDEN VtLLAGE PRE SCHOOL LIMITED NO THE FtNANCIAL STATEMEN R THE YEAR ENDED 319 AUGUST 2021 5 SUPPORT STS Unrestricted Restricttyj 2021 Funds Funds Totsl 2020 Totsl Light and heat Wat¢r rates Insuran¢e Telephone and internet Printing. postage and ststionery Travel and entertainm¢ni Furnitur¢ and equipment Repairs and maintenance Stsff training Childcare supplies Cleaning Depreciation Subscripiions and advertising Legal charges and Interest (Profityloss on disposal of fixed assets Sundry exp¢[e$ 1479 352 1479 352 1302 171 1157 1695 1202 172 618 3959 787 1813 1210 1866 34 821 4189 242 3276 6919 4022 1524 737 1210 1866 34 821 4189 242 3276 6919 23333 1524 737 19311 22254 3605 2326 2326 1204 30089 19311 49400 42163 Support ¢osts during the year amounted to £494 (2020= £42163) of which £19311 (2020: £19311) was attributabl¢ to restricted and £30089 (2020: £22852) was allributhble to unrestri¢*d fvnds. 6 GOVERNANCE COSTS 2021 2020 Independeni examination Bank Charges 1560 1320 86 14 7 STAFF COSTS 2021 2020 The aggregate staff costs were a5 follows: Wages and salaries Social securty Costs Employers pension ¢ontribution5 85972 523 1418 87913 83972 1230 1466 86668 No employee received emoluments (excluding employers pension costs) of more than £60,000 (2020- nil) Th¢ av¢rdge number of ¢mployees during the year cakulated on the basis of full time equivalent was as follows: 2021 2020 10-
ORD LA EPRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31° AUGUST 2021 TEE KEY MANA REMUNERATION AND EXPENSE The trustee and key management p¢rsonnel neither received nor waived any remunerntion during th¢ year (2020.. £nil). The trust¢¢ did not have any ¢xp¢tws reimbursed during the year (2020: £nil). The tharity consider5 its key management petsonnel comprise of th¢ Tnee. 9 TANGIBLE FIXED ASSET Fumiture. fittings & ui ment Computer & office ui ment Leasehold buildin Plant& Machine Total At 1st SePteMr 2020 Additions Disposals 305430 11877 3699 411 321417 7694 At 3 1st Au8USt 2021 17477 5793 411 329111 DEPRE IATION At 1st Septemkr 2020 Charge for the Year Eliminated on disposals 178051 20777 6342 1670 2929 840 273 46 187595 23333 At 3 1st August 2021 198828 8012 3769 319 21 92 KVAL At 3 Ist August 2021 106602 9465 92 At 3 1st August 2020 127 79 77 133822 EBT 2021 2020 Prepayments and accrued incomc Other debtors 2932 2778 447 225 2932 DIT 202 2020 Trade ¢r¢ditors Awruals and deferred income Taxation and social security Pension control 990 18822 1412 63 21862 354 4783 238 247
BORDEN VILLAGE PRE SCHOOL LIMITED NOTES TO THE FINANCIAL TA FOR THE YEAR ENDED 31° AUGUST 2021 12 EFERJiED fNCOME 2021 2020 As at I September Amounts deferred in year As at 31 August 14217 14217 13780 13780 Income received from KCC ha5 been defetTed it relates io the following yew. 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS General Restricted Total Tangible fixed assets Current assets Current liabilities Net &wts as at 31° August 2021 54487 58579 21862 91204 63696 118183 58579 21862 154900 14 RESTRicfED FUNDS Balan at 01109QO Incoming Resources Transfers Bal8CeS at resources expended 31108lll Building D¢velopment Fund 78524 Block Paving Playground Fund 4483 3007 18715 596 19311 59809 3887 63696 Buildin Develo ment Fund A fund created from funds prirnarily from Kent County Council to create a new purpose built Pre School. Block Pavin Pla ound Fund A nd created from fimds primarily from Geor8¢ Webb Finn and The Borden Parish Council to creat¢ a new block paving playground. 15 TAXATION The company is a registered charity and not subject to corwration tax on its charitable income. 16 CAprrAL COMMtTMENIS The charity had no capitsl commitrnents as at 31° AugiLSt 2021. 12
17 FINANCIAL COMMtTMENrs At 31° AugiLSt 2021 the company had annual c(Jmmitments under non•cancellable operating lease agreements &8 follows.. 2021 2020 Expiry de." Not later than one year Later than one and not later than five years Later than five yeats 16(XM) 16000 ioooo 30000 260(M) 18 RELA D PARTY TRANSACTIONS During the year the wife of the trustee Jack Barbary was an employee of the charitable company. her gross pay and employer NIC and Pension contributions tothll¢d £28474 (2020- £25261) 19 PENSION The charitable company operaS a defined contribution pension scheme for the benefit of its employets. Contributions payable are charged to the profit and lo&s account in the period in which they are payabl¢. 20 LIABILITY OF MEMBERS The Cornpany is lirnited by guaraniee. havinB no share capitai and in the tetms of the Memordndum of Association th¢ member of the company undertakes to contribute to the assets of the COMpY in the event of it being wound up he is a member, or, within one year after he ceases to be a member. such amount &8 may be r¢quired not exceeding £10. 13-