## Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 August 2023
## for
Old Sarum Nursery
Old Sarum Nursery
Contents of the Financial Statements for the Year Ended 31 August 2023
||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 2023
**DIRECTORS:** N Moss I McLennan 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 2023
The directors present their report with the financial statements of the company for the year ended 31 August 2023.
## **DIRECTORS**
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.
N Moss K Waters E T Gold S Loader M Earle
Other changes in directors holding office are as follows:
I McLennan - appointed 17 March 2023
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 April 2024
Page 2
Old Sarum Nursery
## Income Statement
for the Year Ended 31 August 2023
|Notes
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Administrative expenses
**OPERATING (DEFICIT)/SURPLUS and**
**(DEFICIT)/SURPLUS BEFORE TAXATION**
Tax on (deficit)/surplus
**(DEFICIT)/SURPLUS FOR THE FINANCIAL**
**YEAR**|31.8.23
£
214,725
15,672
199,053
206,874
(7,821)
-
(7,821)|31.8.22
£
199,778
10,807|
|---|---|---|
|||188,971
161,490|
|||27,481
-|
|||27,481|
The notes form part of these financial statements
Page 3
Old Sarum Nursery (Registered number: 07915003)
## Balance Sheet
|Balance Sheet|||||
|---|---|---|---|---|
|31 August 2023
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|31.8.23
£
178,978
463|£
1,578
178,515
180,093
180,093
180,093|31.8.22
£
185,584
438|£
2,768
185,146|
|||||187,914|
|||||187,914|
|||||187,914|
The 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 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 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 April 2024 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 2023
## 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.
## 3. **EMPLOYEES AND DIRECTORS**
The average number of employees during the year was 13 (2022 - 11).
## 4.
## **OPERATING (DEFICIT)/SURPLUS**
The operating deficit (2022 - operating surplus) is stated after charging:
||31.8.23|31.8.22|
|---|---|---|
||£|£|
|Depreciation - owned assets|1,190|1,622|
Page 5
continued...
Old Sarum Nursery
## Notes to the Financial Statements - continued
## for the Year Ended 31 August 2023
## 5. **TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|Ground||Computer||
|improvements|Equipment|equipment|Totals|
|£|£|£|£|
|**COST**||||
|At 1 September 2022||||
|and 31 August 2023
9,438|2,650|1,705|13,793|
|**DEPRECIATION**||||
|At 1 September 2022
7,258|2,362|1,405|11,025|
|Charge for year
944|96|150|1,190|
|At 31 August 2023
8,202|2,458|1,555|12,215|
|**NET BOOK VALUE**||||
|At 31 August 2023
1,236|192|150|1,578|
|At 31 August 2022
2,180|288|300|2,768|
|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||31.8.23|31.8.22|
|||£|£|
|Other creditors||463|438|
## 6. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## 7. **CHARITABLE STATUS**
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 2023 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 loss 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 April 2024
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 2023
|**Turnover**
Nursery fees
Council funding
**Cost of sales**
Materials
Snacks
Activities
No description
**GROSS SURPLUS**
**Expenditure**
Rent & utilities
Salaries
Pensions
Telephone
Printing, postage & stationery
Recruitment
Travelling
Insurance
Repairs and maintenance
Subscriptions
Cleaning
Training costs
Office costs
Professional fees
Legal fees
Photocopier leasing costs
Entertainment
**Finance costs**
Bank charges
**Depreciation**
Depn of ground improvements
Depn of equipment
Computer equipment
**NET (DEFICIT)/SURPLUS**|31.8.23
£
43,364
171,361
6,668
3,584
2,310
3,110
8,628
183,274
6,394
907
773
146
14
1,168
767
558
804
838
(2)
550
13
524
325
944
96
150|£
214,725
15,672
199,053
205,681
(6,628)
3
(6,631)
1,190
(7,821)|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
-|
|||||29,103
1,622|
|||||27,481|
This page does not form part of the statutory financial statements
Page 8
Old Sarum Nursery
Non-Mandatory Notes for the Year Ended 31 August 2023
The following data screen has been completed by user entry resulting in the relevant note appearing within the financial statements. However, it is not required in accordance with The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015.
## CHARITABLE STATUS
PLEASE CHECK THAT THIS ENTRY IS CORRECT.