||||Pages||
|---|---|---|---|---|
|Trustees'
Annual
Report|||||
|Independent
Examiner's|Report||||
|Statement of Financial Activities|||||
|Summary
Income and Expenditure||Account||12|
|Balance Sheet||||13|
|Statement ofCash flows||||14|
|Notes to the Accounts|||1Sto|22|
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|for the year||ended|31August|2021||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Total funds|Total funds|
||||||2021|2021|2020|
|||||Notes|E|E|f|
|Income and||endowments||||||
|from:||||||||
|Donations||and legacies|||1|1|1,925|
|Charitable||activities|||791,077|791,077|786,648|
|Other|||||17,892|17,892|31,337|
|Total|||||808,970|808,970|819,910|
|Expenditure||on:||||||
|Charitable||activities|||780,599|780,599|758,076|
|Other|||||22,745|22,745|24,725|
|Total|||||803,344|803,344|782,801|
|Net gains on||investments||||||
|Net income|||||5,626|5,626|37,109|
|Transfers
between|||funds|||||
|Net income|before||other|||||
|gains/(losses)|||||5,626|5,626|37,109|
|Other gains|and losses|||||||
|Net movement
in funds|||||5,626|5,626|37,109|
|Reconciliation||offunds:||||||
|Total funds|brought||forward||516,096|516,096|478,987|
|Total funds|carried||forward||521,722|521,722|516,096|
##
|||2021|2020|
|---|---|---|---|
|||8|E|
|Income||808,970|819,910|
|Gross income for the year||808,970|819,910|
|Expenditure||780,599|758,076|
|Interest
payable||2,732|2,275|
|Depreciation|and charges for|||
|impairment|offixed assets|20,013|22,450|
|Total expenditure
for the year||803,344|782,801|
|Net income|before tax for the year|5,626|37,109|
|Net income|for the year|5,626|37,109|
##
##
|at 31Aug|ust 2021|ust 2021||||
|---|---|---|---|---|---|
|Company|No.
07305352||Notes|2021|2020|
|||||6|6|
|Fixed assets||||||
|Tangible assets|||9|712,029|730,954|
|||||712,029|730,954|
|Current assets||||||
|Debtors|||10|13,673|7,494|
|Cash at|bank and|in hand||13,967|86,057|
|||||27,640|93,551|
|Creditors:|Amount
falling due within one year||11|(79,091)|(123,239)|
|Net current
liabilities||||(51,451)|(29,688)|
|Total assets less current liabilities||||660,578|701,266|
|Creditors:|Amounts|falling due after more than one year|12|(138,856)|(185,170)|
|Net assets|excluding|pension asset or liability||521,722|516,096|
|Total net assets||||521,722|516,096|
|The funds|ofthe charity|||||
|Restricted|funds||14|||
|Unrestricted
funds|||14|||
|General|funds|||521,722|516,096|
|||||521,722|516,096|
|Reserves|||14|||
|Total funds||||521,722|516,096|
||||2021|2020|
|---|---|---|---|---|
||||6|f|
|Cash flows from operating|activities||||
|Net income per Statement|of Financial Activities||5,626|37,109|
|Adjustments
for:|||||
|Depreciation
of property,
plant and equipment|||20,013|22,450|
|Dividends,
interest and|rents from investments||(17,892)|(31,337)|
|Increase
in trade and other receivables|||(6,179)|(1,306)|
|(Decrease)/Increase
in trade and other||payables|(44,499)|53,695|
|Net cash (used in)/provided|by operating|activities|(42,931)|80,611|
|Cash flows from investing|activities||||
|Payments
for property,|plant and equipment||(1,088)|(249)|
|Dividends,
interest
and|rents from investments||17,892|31,337|
|Net cash from investing
activities|||16,804|31,088|
|Cash flows from financing|activities||||
|Repayment
of borrowings|||(45,930)|22,292|
|Net cash (used in)/from
financing activities|||(45,930)|22,292|
|Net (decrease)/increase
in|cash and cash equivalents||(72,057)|133,991|
|Cash and cash equivalents|at the beginning|ofthe year|86,024|(47,967)|
|Cash and cash equivalents|at the end ofthe year||13,967|86,024|
|Components
ofcash and cash equivalents|||||
|Cash and bank balances|||13,967|86,057|
|Bank overdrafts||||(33)|
||||13,967|86,024|
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|Going Con|cern|cern|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|There are|no material||uncertainties
about the charity's
ability to continue.||||||||
|Fund accounting|||||||||||
|Unrestricted||funds|These are available for use at the discretion ofthe trustees||in furtherance|||of|the||
||||general objects ofthe charity.||||||||
|Designated||funds|These are unrestricted
funds earmarked
by the trustees|for particular||purposes.|||||
|Revaluation||funds|These are unrestricted
funds which include
a revaluation|reserve representing|||||the||
||||restatement
of investment
assets at their market values.||||||||
|Restricted|funds||These are available for use subject to restrictions
imposed||by the donor||or|through|||
||||terms ofan appeal.||||||||
|Income|||||||||||
|Recognition||of|Income
is included
in the Statement
of Financial Activities||(SoFA) when|the||charity|||
|income|||becomes entitled to, and virtually
certain to receive, the|income and the|||amount|||of|
||||the income can be measured
with sufficient
reliability.||||||||
|Income with||related|Where income has related expenditure
the income and|related expenditure|||||is||
|expenditure|||reported
gross in the SoFA.||||||||
|Donations|and||Voluntary
income received
by way ofgrants, donations
and gifts is included|||||in the|||
|legacies|||the SoFA when receivable and
only when the Charity
has||unconditional||||||
||||entitlement
to the income.||||||||
|Tax reclaims||on|Income from tax reclaims
is included
in the SoFA at the same time as the||||||||
|donations|and gifts||gift/donation
to which
it relates.||||||||
|Donated services|||These are only included
in income (with an equivalent
amount
in expenditure)||||||||
|and facilities|||where the benefit to the Charity
is reasonably
quantifiable,||measurable||and||||
||||material.||||||||
|Volunteer|help||The value ofany volunteer
help received
is not included|in|the accounts.||||||
|Investment||income|This is included
in the accounts when receivable.||||||||
|Gains/(losses)
on|||This includes
any gain or loss resulting
from revaluing
investments
to market||||||value||
|revaluation||offixed|at the end ofthe year.||||||||
|assets|||||||||||
|Gains/(losses)
on|||This includes
any gain or loss on the sale of investments.||||||||
|investment||assets|||||||||
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|3|Income fr|o|m|donations|a|nd legacies||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Total|Total|
|||||||||2021|2020|
||||||||||1,925|
|||||||||1|1,925|
|4|Income from|||charitable|activities|||||
||||||||Unrestricted|Total|Total|
|||||||||2021|2020|
||Early Years||funding||||677,138|677,138|690,570|
||Grants - Resources||||||32,225|32,225|22,375|
||Fees||||||79,394|79,394|73,095|
||Miscellaneous||||||2,320|2,320|608|
||||||||791,077|791,077|786,648|
|5|Other income|||||||||
||||||||Unrestricted|Total|Total|
|||||||||2021|2020|
||Coronavirus||rates grant||||||10,000|
||Coronavirus||Job Retention|||||||
||Scheme Grant||||||17,892|17,892|21,337|
||||||||17,892|17,892|31,337|
|6|Expenditure||on charitable|||activities||||
||||||||Unrestricted|Total|Total|
|||||||||2021|2020|
||Provision of||Preschools||||719,891|719,891|695,415|
||Management|||Accountancy|||15,959|15,959|15,959|
||Bank Charges||||||2,040|2,040|3,278|
||Insurance||||||4,989|4,989|4,470|
||Legal and Professional||||||2,093|2,093|3,024|
||Office Costs||||||8,534|8,534|7,513|
||Software||||||18,208|18,208|16,980|
||Sundry Expenses||||||290|290|227|
||Telephone|and Internet|||||7,441|7,441|10,202|
||Governance||Costs||||1,155|1,155|1,008|
||||||||780,599|780,599|758,076|
##
|Other expenditure|||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
||||2021|2020|
|Bank loan and overdraft|||||
|interest
payable||2,732|2,732|2,275|
|Amortisation,
depreciation,|||||
|impairment,
profit/loss|on|20,013|20,013|22,450|
|disposal offixed assets|||||
|||22,745|22,745|24,725|
##
|Staff costs||||||
|---|---|---|---|---|---|
|The total staff costs|and employee|benefits for the reporting|period are analysed|as||
|follows:||||||
||||2021||2020|
|Salaries and wages|||601,687||580,210|
|Statutory
Maternity|Pay Rebate||(8,744)|||
|Social security costs|||15,056||13,167|
|Pension costs|||6,622||5,808|
||||614,621||599,185|
|The average monthly|number|of full time equivalent|employees|during the year was as follows:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Number|Number|
|Preschool Staff||||55|58|
|Adrnin Staff|||||4|
|||||59|62|
##
##
|9|Tangible fixe|d assets|||||
|---|---|---|---|---|---|---|
||||||Office||
||||Land and|Preschool|||
||||buildings|Equipment|Equipment
&F&F|Total|
||Cost or revaluation||||||
||At 1September 2020||767,234|75,201|20,661|863,096|
||Additions|||230|858|1,088|
||At 31August|2021|767,234|75,431|21,519|864,184|
||Depreciation|and|||||
||impairment||||||
||At 1September 2020||60,863|51,307|19,972|132,142|
||Depreciation|charge for the|15,669|3,668|676|20,013|
||year||||||
||At 31August|2021|76,532|54,975|20,648|152,155|
||Net book values||||||
||At 31August|2021|690,702|20,456|871|712,029|
||At 31August|2020|706,371|23,894|689|730,954|
|10|Debtors||||||
|||||2021||2020|
|||||f||E|
||Trade debtors|||1,258||742|
||Other debtors|||780||630|
||Prepayments|and accrued income||11,635||6,122|
|||||13,673||7,494|
|11|Creditors:||||||
||amounts
falling due within one year||||||
|||||2021||2020|
|||||E||E|
||Bank loans and overdrafts|||10,000||33|
||Otherloans|||43,839||53,455|
||Trade creditors|||14,040||14,010|
||Other taxes and social security|||1,402||2,465|
||Other creditors|||1,248||966|
||Accruals|||6,607||2,587|
||Deferred income|||1,955||49,723|
|||||79,091||123,239|
|12|Creditors:||||||
||amounts
falling due after more than one year||||||
|||||2021||2020|
|||||E||E|
||Bank loans and overdrafts|||37,500||50,000|
||Otherloans|||101,356||135,170|
|||||138,856||185,170|
##
||||||Incoming|||
|---|---|---|---|---|---|---|---|
||||||resources|||
||||||(including|Resources|At 31|
|||||At 1
September|other
gains/losses|expended|August
2021|
|||||2020|)|||
||||||6|||
||Restricted funds:|||||||
||Unrestricted|funds:||||||
||General funds|||516,096|808,970|(803,344)|521,722|
||Total funds|||516,096|808,970|(803,344)|521,722|
|15|Analysis of net assets between||funds|||||
|||||||Unrestricted||
||||||||Total|
|||||||funds||
|||||||f|6|
||Fixed assets|||||712,029|712,029|
||Net current assets|||||(51,451)|(51,451)|
||Creditors due
provisions|in more than one|year and|||(138,856)|(138,856)|
|||||||521,722|521,722|
|16|Reconciliation|ofnet debt||||||
||||||At 1||At 31|
||||||September||August|
||||||2020|Cash flows|2021|
||||||6|6|6|
||Cash and cash|equivalents|||86,024|(72,057)|13,967|
||||||86,024|(72,057)|13,967|
||Borrowings||||(188,625)|43,430|(145,195)|
||Bankloans||||(50,000)|2,500|(47,500)|
||||||(238,625)|45,930|(192,695)|
||Net debt||||(152,601)|(26,127)|(178,728)|
##
##
|Operating
lease commitments
Annual
commitments
under non-cancellable|operating
leases are|as follows:|||
|---|---|---|---|---|
||2021|2021|2020|2020|
||l.and and||Land and||
|||Other||Other|
||buildings||buildings||
||E||E||
|Operating
leases with expiry date:|||||
|Within one year|17,956||10,752||
|In the second to fifth years inclusive|79,872||31,584||
|Over five years|279,058||224,582||
||376,886||266,918||
##
|Pension commitments|||
|---|---|---|
||2021|2020|
||E|E|
|The pension cost charge to the company|||
|amounted to:|6,622|5,808|
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