2022-08-31-accounts - Old Sarum Nursery

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Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Old Sarum Nursery

Contents of the Financial Statements for the Year Ended 31 August 2022

	Page
Company Information	1
Report of the Directors	2
Income Statement	3
Balance Sheet	4
Notes to the Financial Statements	5
Chartered Accountants' Report	7
Detailed Income and Expenditure Account	8

Old Sarum Nursery

Company Information for the Year Ended 31 August 2022

DIRECTORS:

N Moss I McClennan K Waters E T Gold S Loader M Earle

SECRETARY:

REGISTERED OFFICE: Old Sarum Primary School Pheasant Drive Old Sarum Salisbury Wiltshire SP4 6GN

REGISTERED NUMBER: 07915003 (England and Wales) ACCOUNTANTS: J Matthiae & Co Limited Alveus The Causeway Winterslow Salisbury Wiltshire SP5 1QW

Page 1

Old Sarum Nursery

Report of the Directors

for the Year Ended 31 August 2022

The directors present their report with the financial statements of the company for the year ended 31 August 2022.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2021 to the date of this report.

N Moss

I McClennan K Waters E T Gold S Loader M Earle

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Earle - Director

30 March 2023

Page 2

Old Sarum Nursery

Income Statement

for the Year Ended 31 August 2022

Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS and SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR	31.8.22 £ 199,778 10,807 188,971 161,490 27,481 - 27,481	31.8.21 £ 220,468 9,340
		211,128 149,016
		62,112 -
		62,112

The notes form part of these financial statements

Page 3

Old Sarum Nursery (Registered number: 07915003)

Balance Sheet 31 August 2022 Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account	31.8.22 £ 185,584 438	£ 2,768 185,146 187,914 187,914 187,914	31.8.21 £ 156,930 438	£ 3,941 156,492
				160,433
				160,433
				160,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which 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 state of affairs of the 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 company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2023 and were signed on its behalf by:

M Earle - Director

The notes form part of these financial statements

Page 4

Old Sarum Nursery

Notes to the Financial Statements

for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

Old Sarum Nursery is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets	Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Ground improvements	- 10% on cost
Equipment	- 20% on cost
Computer equipment	- 33% on cost

Taxation

Taxation is not recognised in the accounts on the grounds that Old Sarum Nursery has been confirmed by H M Revenue & Customs as a charitable company for tax purposes under reference number EW40338.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 10).

OPERATING SURPLUS

The operating surplus is stated after charging:

	31.8.22	31.8.21
	£	£
Depreciation - owned assets	1,622	1,476

Page 5

continued...

Old Sarum Nursery

CHARITABLE STATUS

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

5. TANGIBLE FIXED ASSETS

6.

TANGIBLE FIXED ASSETS
	Ground		Computer
	improvements	Equipment	equipment	Totals
	£	£	£	£
COST
At 1 September 2021	9,438	2,650	1,256	13,344
Additions	-	-	449	449
At 31 August 2022	9,438	2,650	1,705	13,793
DEPRECIATION
At 1 September 2021	6,314	1,833	1,256	9,403
Charge for year	944	529	149	1,622
At 31 August 2022	7,258	2,362	1,405	11,025
NET BOOK VALUE
At 31 August 2022	2,180	288	300	2,768
At 31 August 2021	3,124	817	-	3,941
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.8.22	31.8.21
			£	£
Other creditors			438	438

The company is registered as a charity under registration number 1147418.

Page 6

Chartered Accountants' Report to the Board of Directors on the Unaudited Financial Statements of Old Sarum Nursery

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Old Sarum Nursery for the year ended 31 August 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Old Sarum Nursery, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Old Sarum Nursery and state those matters that we have agreed to state to the Board of Directors of Old Sarum Nursery, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Old Sarum Nursery and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Old Sarum Nursery has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Old Sarum Nursery. You consider that Old Sarum Nursery is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Old Sarum Nursery. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J Matthiae & Co Limited Alveus The Causeway Winterslow Salisbury Wiltshire SP5 1QW

30 March 2023

This page does not form part of the statutory financial statements

Page 7

Old Sarum Nursery

Detailed Income and Expenditure Account for the Year Ended 31 August 2022

Turnover Nursery fees Council funding Cost of sales Materials Snacks Activities GROSS SURPLUS Expenditure Rent & utilities Salaries Pensions Telephone Printing, postage & stationery Recruitment Insurance Repairs and maintenance Subscriptions Cleaning Training costs Office costs Professional fees Legal fees Photocopier leasing costs Entertainment Depreciation Depn of ground improvements Depn of equipment Computer equipment NET SURPLUS	31.8.22 £ 48,612 151,166 4,491 2,346 3,970 9,074 137,864 4,400 817 577 380 1,135 122 436 2,187 1,194 3 425 456 578 220 944 529 149	£ 199,778 10,807 188,971 159,868 29,103 1,622 27,481	31.8.21 £ 35,384 185,084 3,416 4,690 1,234 10,017 126,292 4,215 918 961 - 1,120 103 387 1,913 320 (1) 425 13 607 250 944 532 -	£ 220,468 9,340
				211,128 147,540
				63,588 1,476
				62,112

This page does not form part of the statutory financial statements

Page 8