REGISTERED COMPANY NUMBER: 05167518 (England and Wales) REGISTERED CHARITY NUMBER: 1139677
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
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 2021
| 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 2021
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 2021. 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 31/08/2021 the charity made a surplus of £6,461 (2020: deficit of £2,928). The net unrestricted reserves at 31/08/2021 were £6,602 (2020: £141). The trustees were aware of the low reserves and looked to remove the annual deficits by restructuring which in turn should reduce the wage costs, the charities largest outgoing. There has also been a 3% increase in childcare fees, which was felt sufficient enough to cover overheads, but not too high to price parents out. Both adjustments have taken place during the year ended 31/08/2021 resulting in an overall surplus for the year and an increase in the net unrestricted reserves.
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
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RIPLEY NURSERY SCHOOL CHILDCARE
REPORT OF THE TRUSTEES For The Year Ended 31 August 2021
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 23 May 2022 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 2021.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
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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 The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
23 May 2022
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RIPLEY NURSERY SCHOOL CHILDCARE
STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2021
| 2021 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - - - Charitable activities Childcare 179,713 - 179,713 Other income 4,170 - 4,170 Total 183,883 - 183,883 EXPENDITURE ON Charitable activities Childcare 167,799 - 167,799 Other 9,623 - 9,623 Total 177,422 - 177,422 NET INCOME/(EXPENDITURE) 6,461 - 6,461 RECONCILIATION OF FUNDS Total funds brought forward 141 - 141 TOTAL FUNDS CARRIED FORWARD 6,602 - 6,602 |
2020 Total funds £ 6,163 132,270 28,389 166,822 155,916 13,834 169,750 (2,928) 3,069 141 |
|---|---|
The notes form part of these financial statements
Page 4
RIPLEY NURSERY SCHOOL CHILDCARE
BALANCE SHEET 31 August 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 6 540 - CURRENT ASSETS Debtors 7 6,586 - Cash at bank and in hand 17,166 - 23,752 - CREDITORS Amounts falling due within one year 8 (17,690) - NET CURRENT ASSETS 6,062 - TOTAL ASSETS LESS CURRENT LIABILITIES 6,602 - NET ASSETS/(LIABILITIES) 6,602 - FUNDS 9 Unrestricted funds TOTAL FUNDS |
2021 Total funds £ 540 6,586 17,166 23,752 (17,690) 6,062 6,602 6,602 6,602 6,602 |
2020 Total funds £ 106 4,090 13,572 17,662 (17,627) 35 141 141 141 141 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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
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(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
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RIPLEY NURSERY SCHOOL CHILDCARE
BALANCE SHEET - continued 31 August 2021
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 23 May 2022 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 2021
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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RIPLEY NURSERY SCHOOL CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2021
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
3.
| Depreciation - owned assets TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pension contributions to money purchase schemes |
2021 £ 181 2021 £ 35,465 2,198 690 38,353 |
2020 £ 36 2020 £ 17,137 1,165 329 |
2020 £ 36 |
|---|---|---|---|
| 18,631 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,163 Charitable activities Childcare 132,270 Other income 28,389 Total 166,822 EXPENDITURE ON Charitable activities Childcare 155,916 |
2021 17 Restricted funds £ - - - - - |
2020 19 Total funds £ 6,163 132,270 28,389 |
|---|---|---|
| 166,822 155,916 |
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RIPLEY NURSERY SCHOOL CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ Other 13,834 - Total 169,750 - NET INCOME/(EXPENDITURE) (2,928) - RECONCILIATION OF FUNDS Total funds brought forward 3,069 - TOTAL FUNDS CARRIED FORWARD 141 - 6. TANGIBLE FIXED ASSETS COST At 1 September 2020 Additions At 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
Total funds £ 13,834 169,750 (2,928) 3,069 141 Fixtures and fittings £ 1,039 615 1,654 933 181 1,114 540 106 |
|---|---|
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RIPLEY NURSERY SCHOOL CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accruals and deferred income Accrued expenses 9. MOVEMENT IN FUNDS At 1/9/20 £ Unrestricted funds General fund 141 TOTAL FUNDS 141 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 183,883 TOTAL FUNDS 183,883 |
2021 2020 £ £ 6,157 1,837 209 1,556 220 697 6,586 4,090 2021 2020 £ £ 918 4,758 1,242 1,042 13,442 10,435 2,088 1,392 17,690 17,627 Net movement At in funds 31/8/21 £ £ 6,461 6,602 6,461 6,602 Resources Movement expended in funds £ £ (177,422) 6,461 (177,422) 6,461 |
|---|---|
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RIPLEY NURSERY SCHOOL CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/9/19 £ Unrestricted funds General fund 3,069 TOTAL FUNDS 3,069 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 166,822 TOTAL FUNDS 166,822 |
Net movement At in funds 31/8/20 £ £ (2,928) 141 (2,928) 141 Resources Movement expended in funds £ £ (169,750) (2,928) (169,750) (2,928) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/19 | in funds | 31/8/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,069 | 3,533 | 6,602 |
| TOTAL FUNDS | 3,069 | 3,533 | 6,602 |
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 TOTAL FUNDS |
Incoming resources £ 350,705 350,705 |
Resources Movement expended in funds £ £ (347,172) 3,533 (347,172) 3,533 |
|---|---|---|
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RIPLEY NURSERY SCHOOL CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
11. ULTIMATE CONTROLLING PARTY
The company is Limited by guarantee. The trustees/ directors as a body control the company.
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RIPLEY NURSERY SCHOOL CHILDCARE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Childcare Other income CJRS grants SSP reclaimed Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Trustees' social security Trustees' pension contributions Wages Pensions Premises costs Equipment and toy purchases Food costs Support costs Management Telephone Accountancy Sundry expenses Subscriptions Finance Bank charges Other Repairs & renewals Training |
2021 £ - 179,713 2,061 2,109 4,170 183,883 35,465 2,198 690 114,621 1,484 3,502 3,895 5,944 167,799 - 792 1,998 2,461 5,251 422 3,313 456 3,769 |
2020 £ 6,163 132,270 28,389 - |
|---|---|---|
| 28,389 | ||
| 166,822 17,137 1,165 329 124,798 1,690 2,989 4,311 3,461 |
||
| 155,880 35 918 1,803 8,247 |
||
| 11,003 422 1,673 736 |
||
| 2,409 |
This page does not form part of the statutory financial statements
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RIPLEY NURSERY SCHOOL CHILDCARE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 August 2021
| Other Governance costs Fixtures and fittings Total resources expended Net income/(expenditure) |
2021 £ 181 177,422 6,461 |
2020 £ 36 169,750 (2,928) |
|---|---|---|
This page does not form part of the statutory financial statements
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