NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
REGISTERED COMPANY NUMBER: 07718671 (England and Wales) REGISTERED CHARITY NUMBER: 1144343
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statement | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB
RE ~~PO~~ RT OF THE TRUSTEES FORTHE 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 2019. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07718671 (England and Wales)
Registered Charity number
1144343
Registered Office
Maidstone Road Nettlestead Maidstone Kent ME18 5ER
Directors
Mr. J Chidlow Mrs. S Sharp Mrs. Laura King Mrs. K Groves Mrs. S Mason
Company Secretary
Mrs. S Sharp
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 defied by the Companies Act of 2006.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 11[th] November 2021 and signed on its behalf by:
………………
Mr J Chidlow
1
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL
AND OUT OF SCHOOLS CLUB
STA ~~TE~~ MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds 2 Other incoming resources Total incoming resources RESOURCES EXPENDED Costs of generating income Costs of generating voluntary income 3 NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.21 Total fund £ 164,789 0 2,513 167,302 148,540 18,762 363,208 381,970 |
31.8.20 Total funds £ 169,180 0 8,012 |
|---|---|---|
| 177,192 139,493 |
||
| 37,699 325,509 |
||
| 363,208 |
2
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB
BALANCE SHEET AS AT 31 AUGUST 2021
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 TOTAL FUNDS |
31.8.21 Total fund £ 273,467 114,577 -6,074 108,503 381,970 381,970 381,970 381,970 |
31.8.20 Total funds £ 261,135 108,147 -6,074 |
|---|---|---|
| 102,073 | ||
| 363,208 | ||
| 363,208 | ||
| 363,208 | ||
| 363,208 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 I August 2020.
The members have not required the charitable 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 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.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on 11[th] November 2021 and were signed on its behalf by:
…..
Mr J Chidlow
3
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL
AND OUT OF SCHOOLS CLUB
NOTES TO THE ~~F~~ INANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
l. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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 to write off each asset over its estimated useful life.
Plant and machinery etc.
- 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
2. ACTIVITIES FOR GENERATING FUNDS
Fundraising Events
31.08.21 31.08.20 £ £ 0 0
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NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB
NOTES TO THE FINANCIAL STATEMENTS -CONTINUED FOR THE YEAR ENDED 2021
3. COSTS OF GENERATING VOLUNTARY INCOME
| Staff costs Pre-school materials and food Rent and rates Insurance and licence Light and heat Repairs to property& cleaning Fundraising expenses Training, books& manuals Support costs |
31.8.21 £ 124,237 7,190 0 2,304 3,637 5,709 0 0 4,397 147,474 |
31.8.20 £ 114,487 5,521 4,105 2,240 3,339 3,884 0 740 4,855 |
|---|---|---|
| 139,171 |
| 4. NET INCOME / (OUTGOING) |
RESOURCES | |
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| Depreciation - owned assets | 1,066 | 322 |
| Pre-school materials and food | 7,190 | 5,521 |
5. TRUSTEES & RETUIREMENT BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2020.
| 6. | STAFF COSTS | ||
|---|---|---|---|
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Wages and salaries | 124,237 | 114,487 |
No employee received emoluments in excess of £60,000
5
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL
AND OUT OF SCHOOLS CLUB
NOTES TO THE ~~FI~~ NANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
7. TANGIBLE FIXED ASSETS
| COST At 1 September 2020 Additions DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 3 l August 2020 |
Land and Buidings £ 260,783 0 0 0 260,783 260,783 |
Plant and Machinery £ 6,325 13,398 5,973 1,066 7,039 12,684 674 |
Totals £ 267,108 |
|---|---|---|---|
| 13,398 5,973 1,066 |
|||
| 7,039 | |||
| 273,467 | |||
| 261,457 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Other creditors | 6,074 | 6,074 |
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.20 £ 363,208 363,208 |
Net movement in funds £ 18,762 18,762 |
At 31.8.21 £ 381,970 381,970 |
|---|---|---|---|
6
NETTLESTEAD AND WATERINGBURY PRE-SCHOOL
AND OUT OF SCHOOLS CLUB
NOTES TO THE ~~FI~~ NANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| INCOMING RESOURCES Voluntary income Gifts KCC Fees Activities for generating funds Fundraising events Other incoming resources KCC training funding Grant Income HMRC Job Retention Other Miscellaneous Deposit account interest Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Wages Pre-school materials and food Rent and rates Insurance and licence Lightand heat Repairs to property& cleaning Fundraising expenses Training, books & manuals Support costs Management IT & Telephone Postageandstationery Advertising Sundries andstaff clothing Other Accountancy Storage Facility Payroll expenses Finance Depreciation Total resources expended Net Income / (expenditure) |
31.8.21 £ 0 106,791 57,997 164,789 0 0 0 0 2,513 0 2,513 167,302 124,237 7,190 0 2,304 3,637 5,709 0 0 143,077 0 1,939 2,596 0 0 -512 0 0 374 4,397 0 1,066 148,540 18,762 |
31.8.20 £ 0 90,926 78,254 |
|---|---|---|
| 169,180 0 0 1,590 4,584 1,838 0 |
||
| 8,012 | ||
| 177,192 | ||
| 114,487 5,521 4,105 2,240 3,339 3,884 0 740 |
||
| 134,316 0 1,707 633 124 1,377 467 0 0 547 |
||
| 4,855 0 322 |
||
| 139,493 | ||
| 37,699 |
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