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← Nettlestead And Wateringbury Pre-School And Out Of Schools Club

2023-08-31-accounts

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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 STATEMENT FOR THE YEAR ENDING 31 AUGUST 2023

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3
Notes to the Financial Statements 4 to 6
Detailed Statement of Financial Activities 7 to 8

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

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 2023. 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

Mrs. S Mason Mrs. A German Mrs. L Hammond Mrs. F Hollington Mrs. E Chenery (Appointed 13th November 2023) Mr. J Chidlow (Resigned 19th July 2022) Mrs. S Sharp (Resigned 19th July 2022)

Company Secretary

Mrs. A German

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 14th May 2024 and signed on its behalf by:

Mrs. E Chenery

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

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		 31.9.23
Total
fund
£
173,627
1,673
175,300
204,946
-29,645
383,478
353,832		 31.8.22
Total
fund
£
175,726
0
5,287
181,012
179,505
1,508
381,970
383,478

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

BALANCE SHEET AS AT 31 AUGUST 2023

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		 31.8.23
Total
fund
£
269,847
90,059
-6,074
83,985
353,832
353,832
353,832
353,832		 31.8.22
Total
fund
£
271,657
117,895
-6,074
111,820
383,478
383,478
383,478
383,478

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

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 14th May 2024 and were signed on its behalf by:

Mrs. E Chenery

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

NOTES T ~~O~~ THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. 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 31.8.23
£
452		 31.8.22
£
0

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

FOR THE YEAR ENDED 2023

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

4.
NET INCOME / (OUTGOING) RESOURCES
Depreciation - owned assets
Pre-school materials and food		 31.8.23
£
162,059
13,599
2,518
2,471
4,025
6,810
2
1,077
10,574
203,136
31.8.23
£
1,810
13,599		 31.8.22
£
144,281
12,529
1,286
2,253
3,073
5,205
0
823
8,244
177,695
31.8.22
£
1,810
12,529

5. TRUSTEES & RETUIREMENT BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 August 2023.

6. STAFF COSTS
31.8.23 31.8.22
£ £
Wages and salaries 162,059 144,281

No employee received emoluments in excess of £60,000.

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 2023

7.
TANGIBLE FIXED ASSETS
Land and
Buildings
£
COST
At 1 September 2022
260,783
Additions
DEPRECIATION
At 1 September 2022
0
Charge for year
0
At 31 August 2023
0
NET BOOK VALUE
At 31 August 2023
260,783
At 1 September 2022
260,783
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
9.
MOVEMENT IN FUNDS
At 1.9.22
£
Unrestricted funds
General fund
383,478
TOTAL FUNDS
383,478		 Plant and
Machinery
£
19,723
8,849
1,810
10,659
9,064
10,874
31.8.23
£
6,074
Net
movement
in
funds
£
-29,645
-29,645		 Totals
£
280,506
8,849
1,810
10,659
269,847
271,657
31.8.22
£
6,074
At 31.8.23
£
353,832
353,832

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 2023

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		 31.8.23
£
0
92,778
80,849
173,627
452
0
1,222
0
0
0
1,222
175,300
162,059
13,599
2,518
2,471
4,025
6,810
2
1,077
192,561
0
5,354
1,410
553
428
2,061
0
0
769
10,574		 31.8.22
£
0
79,150
96,576
175,726
0
0
0
0
5,287
0
5,287
181,012
144,281
12,529
1,286
2,253
3,073
5,205
0
823
169,451
0
2,490
3,838
0
0
1,315
0
0
602
8,244

NETTLESTEAD AND WATERINGBURY PRE-SCHOOL AND OUT OF SCHOOLS CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES - CONTINUED FOR THE YEAR ENDED 2023

Finance
Depreciation
Total resources expended
Net Income / (expenditure)		 0
1,810
204,946
-29,645		 0
1,810
179,505
1,508