**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**
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**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|
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**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
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**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|
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**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.
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## **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|
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## **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|
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## **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|
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