CnpanY . 07276939 Charity M). 1141234 Abacus Pre-school Nursery Ltd Report & Financial Statements 31 August 2021
eoal & admlnlslratlvg detams For thg r ended 31 st 2021 The organisation is a tharitabte company, registered as a company on 8 Marth 2010 and registered as a thrtty on 7 April 2011. éovemlng documert The chartsbk yrates und8r the rlks of its CA)nstilution dated 8 June 2010 as amended 21st Marth 2011. Charity number 1141234 Company Numl)er 07276939 PrinGipal address Dassett C of E Piimary School Memorial Road Fenny Compton CV47 2XU Trustees Chris Meaney Jce Lewry Emma den L5tlia Cox Simori Bradley Chair Senior Staff Member Leffji (Manager) Bankers 1 Balkmm Street Manchester, k160 4EP 5 ShutFord Road North Nthinglon Oxfordshire OX15 6AL
For the endgd 31 The tTUStees presentthei re1 and the )Inala1 stateWts for the year ended 31 AEVJUSt 2021. Legal ar¥J adminiats)n irforMat¥ set (Mjt pege 1 forn part of thks reFKMt. The fmancral slatements comth wth ¢urrent stabjtory requiremert the TAt Deed aNJ the Statament of Obie¢ls The principal obie¢ts of the chlty are to enhan the £vonent a1 education of children under slalutory school age by encourwing parenls to Undstand and FmNide kn Ihe needs of their children through commuruty gr(xips. Oryanisation struciur• Overall marwgement of the charty is the pOn of the tnjstees who are elecw and ccpopted under the temis of the Dayto day project aciiwty is managed and carried out by staff. Review of activib Wa startad the year vAth 15 chljlren and finish Ihe y83r th 18 childm on our register, with 2 others leavtng dursng the spar due to moving avrdy. 10 left to go onto sdNx)I wilh 7 going to The Dassett Prsmary School and have setiled in vw 1. Dwite beÉng in the middle of a global pandemic, rMberS for the year vme strong. TnjSt bekve that Abaws remaining open tor all children throughout I(kdO¥ vras a real blessing and one that made lrfe aaSr for the children lo cope with. With atl the restrictions imFKJsed on daty life. contiwitvj a weekly mutine at wch(M)I helpgj Ip some sort of tmymaktyts ts thiklren. From a dlrirs l trustee point of view. the FAanlling and grOund%)Ik set out at tho start of the pandemic set us in gocxj siead to deal with any issues thai arose. We tia¥e not had to close at any point due to COVID IrrfeCti at¥J were IEKy that wvemment legi51atton albwed us to remain open during the Christmas to Eaer term. We have celebratsd Rembran( Day, DIV1. Chfistinas. Easter and more. We have Iwked at 'OUelves,, differences and simli arities with eyES. hair. skin (olcNJr and lalked about our families, leaming to lisien to each olher arml take tums. We have expkxed malhs - numbers. lengths. sorting. quantitie5 a1 a k)t more. We hfft J0)l our lime (ide usirvJ b. b8anbags and quoits. Wilhoui the effort and sup1 of the slaff, ylId not have been abk to athieve the greal results we did over the last year. We opWaj a smaller core taam Ihan usual havi just four retaine(I members of staff. Their dedication and flexibilty atlowed Abacus to operate SmlY th that. number meaning ftjrther recruitrnent not required. We had one new slaff mernber start in September and they have setlled into Ihe team. We are kkIng foThRrd to another fvn w aThJ reintrodu(ary more tojs equipment bac* into our daity play and stsrtiry visits into school and using the hall again. We are getling familiar wilh the new
Report of th• trtO•s For Ihe r ended 31 Au ust 2021 Future developmerts The fvrture tyjtlook is very prffjtlive for Ab1. Our finarwl wsitb)n s seujre. and we can invest as required. lIst retaining funds in the bank. With COVID. none ot us know what wm happen over the next iwefve months. but we feel confthnt we wilt be prepared for any sltsjatjn and Abacus will Femain successful. The Board of Trustees have taken a dJTwnic aprrnth to decision making has su[led in Abacus beirKJ in a strong financial rx)STtion the start of the 2021r22 academ catendaf. This 11 allow us io invest I1$ to suppJt the 5tsff in theT dulies and enFth the daly experience for the children. Flnancial rnview Again, we have had aTther straroe financ4al year. We were frKlunate this year to be able to stay open for the thildren to attend iwt had to can1 our face to face furthising events due to the pandemic. However. still achieved a fantastic ffftancial restjtt of a profft before depreciation of £17.QOO. This is mainty driven by the ext*cied increase in fees and minirnaj cwff expenditure due to the ¢trMstances. Once again, we were alAe to iiegoliate a reduction in panent to the sch{X for e and water. which help&J to ¢ovw lost income ft(Mn Care Cktt). continu8d to sUpp[t famAies need. Due to tho natsjre of the yaw t¥gve W JK) s•JnifKgnt costs and have just undertaken annual maintenance of the building. and were abEe to raise a fantsstic amount of £1.700. We are akn very gTatefiJl for over £700 uf donations from the Merrie aThJ Ihe 'Bw Destroiers.. aNJ Various other res¥knts of Femy Compton and the wider area. A huge thank )U to everJu¢e invotv&J in selkng arnj raffie tid(ets. and to those Ihat donated such fantastsc prizes. L¢xA(ing fotward to the nexi finan1 Jtar. we are looking to upgrade rr equipment, resur3fce the outdoor area and purchase new equipment for the thibjren. We have already had a fantastic start wtth lots of new starters and have high hopes for the finantial year ahead. The trustees have revie1d the risks and a conf#Jert tt fv have all risks covwed hth actions to minimise iisk and exposuTe to the Chlty.
AIM¢us PrtrS¢hool Nurwy Ltd Roport oftho tntst For the r ended 31 Reserves policy The trustees aim to man reserves at a level that cA)ver redundartcy pawnÈnts in the eVt of ck)sure. In a(Idibon bjrther reseNes are mainttiin to allow for the fluGtsation in numbers each year and to enab replacement of materiats and equipmenL In line wtth this lcY the Trustees aim to hold £20.000 of free reserves. At the end of August 2021 the ievel of free reseNes held we £67.970. Publlc B8n8fft Slatem8nt The Nursery serves Fenny Ccmtkn and Ihe SUTroundiThJ area and all are w8kMe to join. The tru$t99S The trustees up to the date of this retKYt were as folkiws: Jetyn LeY Chris Meaney Ldia Cox Lapwixth Simon Bradley Claire Bennett Emma Arden {res[gnj on 21st October 2021) (appointed on 29th September 2020) (appnted on 29th Septsmber 2020 and res¥Jn 21st October 2021) (apwjinted C 11th January 2022) The management ¢xJmmÈtiee is made up of parents of children attenthg the nuTsery and commtttee members are invited to become tfustees. Approved by ihe trustees c and sigrBd on their behalf by Chris Mearey
To the trle•S I report to the charity trustees on my examination of the accouTts of Aba(#Js Prtrschool Nursery Ltd for the year erxled 31 Au9USt 2W21, art set page 5 to 11. Re5ponsibilltles and basis of report As the charitys trustees of the d)8rliable LYmpany akn ts d[recIo for the Purposes of company law) sffju are re$rSIble for ihe prepafakn of aCCots in 8nCe with the requirements of the Companies Act 2016 fthe 2006 Acn. Having satisfied that the accounts of ts chailth cxxrpw 8re not ]uld tr) be audtted under Part 16 of the 2006 Ad and afe efigible fLK independent examith3tion, I rermyt in respect of my examination of your charitable companvs aLwts as caTrd out under section 145 of the Charities Act 2011 (Ihe 2011 Act"). In rxrrwng out my examination I have folw the Directions given by th& Charity ComMisD Ufbjer seclym 145(5Kb) of the 2011 ACL It is my restiality tck" examine th& accounts under secbon 145 of the 2011 Art follow the procedures laid du4¥n in the general Directions gTven by the Charity C4)mmission under sect%Th 1451Sllb) of the 2011 Act and Independent exarninevs Teport An examination inclu(Jes a reVW of the awjnting records kept by the and a companson of the accounts presenied wth 11Ke records..tt also irldudes rnnsideratton of any unusual items or disclosures in the accounts, aThJ seekng exEAanations from wju as trustees contxning any Such matters. The proClureS undertaken do rt Fmvide au the evidence that swjuld be required in an audit aMI consequentty opinion is given as to vthethw the acc#iunts present a and fair viewl and the retwl ts limtied to Ihose matters set in the statet below. Independent examinerfs statem I have completed my examination. I that no Materi ffhatters have e4xne to my attenbon gNes me cause to belwe that Companies Act 2(KJ6; and thè accounts not acc(Md wth the accwnting recEKts; or the accounts do not lnplY T#1b accounting iequirements of section 396 of the 2006 Aci other than any reqUIrl ttjat the accounts give a true and fair view vknich Is not a matler as part of an independent examination: or the acc(Ats have not been txepared in acconjance wilh the meth(Kls and prir1pIeS of the Statement of Re(#)mmended Practice for accx)unting ar reporting by charÉbes [apICable to charities preparing their accounts in accordan with the Financial Reporting Skndaid applicable in UK and Republic of Ireland (FRS102}] I have come ac¥oss rwj other matters in Mth the examination to thich attention shoukl be drdym in this report in Order kn enable a prow widetskrxlÉng of Ihe accounts to be reached. Sarah HL)ttord ACA 5 Shuttord Road North Newi Oxfordshire OX15 6AL tkk: Is fy) 2022
)acus Pro4chooI Nurnery Ltd For th• endgd 31 2020 Incomè i0.(5 46,891 1.312 10,065 46.891 1.312 9.958 41.545 529 1.914 Donakn"ons Fiindrdisino Lunches Rental income Interest 3.471 52 Totsl income 66.473 66,473 58,53) Expenditiwe Wages Inland Revenue Pension Training Travel 36.516 366 38.297 1,337 304 15 1.825 15 Lunches . Insurance Fundraising Other Tdephone, Stafior. and Pi ortisiTh3 Equipment and Materials 1.202 785 756 756 1.124 130 360 159 248 674 247 3.013 199 325 256 224 {93} Provisions rote5s1ol Exw Legai fees Photos Rates 13 76 13 76 81 1.280 250 Computer Software wrnit DepreciatK)n 7.273 353 929 Total experwfrture 56,121 56,121 59,636 the year 10.352 10.352 (1,101) Funds at 1 Séptanbèr 21120 76.711 76,711 Tl.812 Funds at 31 August 2021 87.063 87.063 76.711
Asat31Au 2020 Tangibl• fixed assets 19,093 25,1TI 1.012 51.727 Ish at bank and in hand 69.172 52.739 one year 51.534 87.063 76,711 Funds Designated fijrnts General funds 87. 87,063 76.711 Total funds 76.711 For the )Ear endir¥J 31 AugASt 2021 the Chath rwipany entiued kn exemptK)n ftom audit The members have rw)t required the dwilth c(wny to thin an audit of its finaniia statements and 387 ofthe Companies A( 2{ and charilable company as at the eThJ finan 1cmI K1 ( its surplus or deficÉl for each financ1 in accudm 7Aryth ts requ¥Trts ot sectiOr 394 and 395 and &jglzL 231gl Chris Me
For the r ended 31 ust 2021 in accordan wilh the FirnCIal RerNxting StarNJard applYt4e n Ihe UK 8fKI Republic of IrelaThY {FRS 102) Iss on 16 JY 2014 and the FThrKaal RetM)thJ S(arakrd appticab in the United lQrykn aThJ Rewth rA IrelaThJ (FRS 102) aThJ the Charilies Ad 2011. Assets ar liabilitses are intibalty recogniJ at IMstorYA o)si rx lTrrtsarkn v urkss otsrwise stabj in Ihe relevant aCunt19 notes. b) The chafitsble rJ)MpY operates as a c¢)ncem has wfficient hjnds to c4)ver a c) The tha11tab ccmrAny constilui# a t)fft entity as defvd by FRS 102 and 15 open to d) Inc¢)me is reCThSed In the acc£¥Jnls wlw the r*fjxilab Lvnpany is enlled to the funds. any a th?rd party ¥j it ts prrknth that Set(knt TrAal requ[1 the amunt be reliabty measured. month afteracqJn. charge represerrts the contrl)ukn paY£e under the schane by the charity to the fund. The contributions.
For the onded 31 ust 20 2. Net incomingl(outgoing) TrSOur forthe 2020 Trustee indemty insuran Depreciation NIL NIL 7273 ' total remuneration forthe was £16.669 (2020: £16.SJ7). IL Staff costs 5. Tanglble fixed assets Bulklln95 Cost At slart of tr* 57,689 Atthee1these 57,689 At the slart ofts JFar Charge for the Jfar 32,512 32.512 Atthe er#J of Ihe Net book val Attheendofthey 19,093 19,093 At the start of the y 25.1TI 25.1fi
For the ended 31 Au st 20 6. Debtors 2020 1.012 1,012 2020 541 231 850 124 Attruals Olher (xedilLx 261 1.202 1.205 At31 August 2021 6.711 66.473 {56.121 87.063 76.711 66.473 87 r163 56.121 Totsl funds 76.711 56,121 nds Fixed assets Current assets 19.093 69.1n 19,093 ,In one ar (1202) 1202 ln
Fo 31 P•nsions ¢)trIbtth. Total emty perts11 lts fty Ihe £1.230 (2020: £1.337).