**REGISTERED COMPANY NUMBER: 05167518 (England and Wales) REGISTERED CHARITY NUMBER: 1139677**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2020**
## **FOR**
## **RIPLEY NURSERY SCHOOL CHILDCARE**
The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
**RIPLEY NURSERY SCHOOL CHILDCARE**
**CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 August 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5 to 6|
|**Notes to the Financial Statements**|7 to 12|
|**Detailed Statement of Financial Activities**|13 to 14|
**RIPLEY NURSERY SCHOOL CHILDCARE**
**REPORT OF THE TRUSTEES For The Year Ended 31 August 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To advance the education of children aged between 3 and 8 years, in Ripley and the surrounding area, through the provision of day and after school care in a safe and secure environment and by encouraging and supporting parents to become involved in their education and development.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity continued to offer the provision of childcare to young children in Ripley and the surrounding area.
## **FINANCIAL REVIEW**
## **Financial position**
In the year to 31/08/2020 the charity made a deficit of £2,928 (2019: £15,795). The net unrestricted reserves at 31/08/2020 were £141 (2019: £3,069). The trustees are aware of the low reserves and look to remove the annual deficits by restructuring which in turn should reduce the wage costs, the charities largest outgoing. There will also be 3% increase in childcare fees, which is felt sufficient enough to cover overheads, but not too high to price parents out.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Ripley Nursery School Childcare (the company) obtained its charity registration on 5 January 2011.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
05167518 (England and Wales)
## **Registered Charity number**
1139677
## **Registered office**
Sandham Lane Ripley Derbyshire DE5 3HE
## **Trustees**
Mrs C M L Bednal L Timmons Mrs D M Brown Mrs S R Bradshaw (appointed 4/1/21)
## **Company Secretary**
Mrs C M L Bednal
Page 1
**RIPLEY NURSERY SCHOOL CHILDCARE**
**REPORT OF THE TRUSTEES For The Year Ended 31 August 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
Approved by order of the board of trustees on 24 August 2021 and signed on its behalf by:
Mrs C M L Bednal - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIPLEY NURSERY SCHOOL CHILDCARE**
## **Independent examiner's report to the trustees of Ripley Nursery School Childcare ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation 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 not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Matthew Thomas ACA The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
24 August 2021
Page 3
**RIPLEY NURSERY SCHOOL CHILDCARE**
**STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2020**
**----- Start of picture text -----**
2020 2019
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
- -
Donations and legacies 6,163 6,163
Charitable activities
Childcare
-
132,270 132,270 174,978
Other income 28,389 - 28,389 -
Total 166,822 - 166,822 174,978
EXPENDITURE ON
Charitable activities
Childcare
-
155,916 155,916 182,686
Other 13,834 - 13,834 8,087
Total 169,750 - 169,750 190,773
-
NET INCOME/(EXPENDITURE) (2,928) (2,928) (15,795)
RECONCILIATION OF FUNDS
-
Total funds brought forward 3,069 3,069 18,864
TOTAL FUNDS CARRIED FORWARD 141 - 141 3,069
**----- End of picture text -----**
The notes form part of these financial statements
Page 4
**RIPLEY NURSERY SCHOOL CHILDCARE**
## **BALANCE SHEET 31 August 2020**
**----- Start of picture text -----**
2020 2019
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 106 - 106 142
CURRENT ASSETS
Debtors 7 4,090 - 4,090 3,424
Cash at bank and in hand 13,572 - 13,572 17,733
-
17,662 17,662 21,157
CREDITORS
Amounts falling due within one year 8 (17,627) - (17,627) (18,230)
NET CURRENT ASSETS 35 - 35 2,927
TOTAL ASSETS LESS CURRENT
LIABILITIES 141 - 141 3,069
NET ASSETS/(LIABILITIES) 141 - 141 3,069
FUNDS 9
Unrestricted funds 141 3,069
TOTAL FUNDS 141 3,069
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
**RIPLEY NURSERY SCHOOL CHILDCARE**
**BALANCE SHEET - continued 31 August 2020**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 August 2021 and were signed on its behalf by:
C M L Bednal - Trustee
The notes form part of these financial statements
Page 6
**RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 August 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
**RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2020**
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets
**3.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pension contributions to money purchase schemes|**2020**
**£**
**36**
**2020**
**£**
**17,137**
**1,165**
**329**
**18,631**|2019
£
48
2019
£
16,719
1,133
265
18,117|
|---|---|---|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Staff
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Childcare
173,978
**EXPENDITURE ON**
**Charitable activities**
Childcare
181,686
Other
8,087
**Total**
189,773
**NET INCOME/(EXPENDITURE)**
(15,795)|**2020**
**19**
Restricted
funds
£
1,000
1,000
-
1,000
-|2019
24
Total
funds
£
174,978
182,686
8,087
190,773
(15,795)|
|---|---|---|
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**RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2020**
**----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
RECONCILIATION OF FUNDS
-
Total funds brought forward 18,864 18,864
TOTAL FUNDS CARRIED FORWARD 3,069 - 3,069
6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 September 2019 and
31 August 2020 1,039
DEPRECIATION
At 1 September 2019 897
Charge for year 36
At 31 August 2020 933
NET BOOK VALUE
At 31 August 2020 106
At 31 August 2019 142
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors 1,837 2,727
Other debtors 1,556 -
Prepayments 697 697
4,090 3,424
**----- End of picture text -----**
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**RIPLEY NURSERY SCHOOL CHILDCARE**
**NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2020**
**----- Start of picture text -----**
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade creditors 4,758 6,181
Social security and other taxes 1,042 937
Accruals and deferred income 10,435 10,416
Accrued expenses 1,392 696
17,627 18,230
9. MOVEMENT IN FUNDS
Net
movement At
At 1/9/19 in funds 31/8/20
£ £ £
Unrestricted funds
General fund 3,069 (2,928) 141
TOTAL FUNDS 3,069 (2,928) 141
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 166,822 (169,750) (2,928)
TOTAL FUNDS 166,822 (169,750) (2,928)
Comparatives for movement in funds
Net
movement At
At 1/9/18 in funds 31/8/19
£ £ £
Unrestricted funds
General fund 18,864 (15,795) 3,069
TOTAL FUNDS 18,864 (15,795) 3,069
**----- End of picture text -----**
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**RIPLEY NURSERY SCHOOL CHILDCARE**
**NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2020**
## **9. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
173,978
**Restricted funds**
Chesterfield College
1,000
**TOTAL FUNDS**
174,978
A current year 12 months and prior year 12 months combined position is as
At 1/9/18
£
**Unrestricted funds**
General fund
18,864
**TOTAL FUNDS**
18,864|Resources
Movement
expended
in funds
£
£
(189,773)
(15,795)
(1,000)
-
(190,773)
(15,795)
follows:
Net
movement
At
in funds
31/8/20
£
£
(18,723)
141
(18,723)
141|
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Chesterfield College
**TOTAL FUNDS**|Incoming
resources
£
340,800
1,000
341,800|Resources
Movement
expended
in funds
£
£
(359,523)
(18,723)
(1,000)
-
(360,523)
(18,723)|
|---|---|---|
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continued...
**RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2020**
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2020.
## **11. ULTIMATE CONTROLLING PARTY**
The company is Limited by guarantee. The trustees/ directors as a body control the company.
Page 12
**RIPLEY NURSERY SCHOOL CHILDCARE**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2020**
**----- Start of picture text -----**
2020 2019
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,163 -
Charitable activities
Childcare 132,270 173,978
Grants - 1,000
132,270 174,978
Other income
-
CJRS grants 28,389
Total incoming resources 166,822 174,978
EXPENDITURE
Charitable activities
Trustees' salaries 17,137 16,719
Trustees' social security 1,165 1,133
Trustees' pension contributions 329 265
Wages 124,798 141,452
Pensions 1,690 1,569
Premises costs 2,989 2,589
Bad debts - 1,080
Equipment and toy purchases 4,311 4,652
Food costs 3,461 13,179
155,880 182,638
Support costs
Management
Telephone 35 114
Accountancy 918 713
Sundry expenses 1,803 4,725
-
Subscriptions 8,247
11,003 5,552
Finance
Bank charges 422 533
Other
Repairs & renewals 1,673 886
Training 736 1,116
2,409 2,002
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 13
**RIPLEY NURSERY SCHOOL CHILDCARE**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2020**
**----- Start of picture text -----**
2020 2019
£ £
Other
Governance costs
Fixtures and fittings 36 48
Total resources expended 169,750 190,773
Net expenditure (2,928) (15,795)
**----- End of picture text -----**
This page does not form part of the statutory financial statements
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