REGisfERED CHARtrY NUkTrER: 1152421 REPORT OF THE TrUSTEES AND UNAUDtfED FINANCIAL STATEME1 FOR THE YEAR ENDED 31 AUGUST 2020 FOR ST CATHERINES WDEPENDENT NURSERY Rfm Preston Ltd 120-124 Towngate Leyland LancashiFe PR25 2LQ
ST CATHERINES INDEPENDE1 NURSERY CONTENTS OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 P¥ge Report of the Trusto•s 1 to 2 Independent Examlnefs Report Balance Sheet 6 to 10 11
ST CATHERINES INDEPENDEKf NURSERY REPOfrf OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2020 The trustees present their rewrt wtth the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of the Ststement of Recommended Practice ISORP) "Accounting and Retmxbng by Charities" in preparirvJ the annual reFQrt and financial statements of the chanty. The financial stents have been prewed in Ydance witr the arxwnting Fk)lioes set out in the notes to the accounts and comply with the charity's goveming dccumenc the CharÈties 2011 and A¢coLtnting and Reporting by Charitss.stateryt of ReComnded aPpab to charitss preparing their accounts in a¢cordance with the Financial ReIng Standard app1¥b in the UK and Reputs1 of Ireland published in October 2019. OBJECTIVES AND ACTivmES Objectives and aims To provide high qualty care and faciliits for edu¢aticrfwl develOW and recreati to children under statutory Schcol age. To enhance armd deloP the chiklren n our care ty pwents io undetstand and FKovKle for the educational and developnEnt needs of thew children. To provide affcKdable care and wjuration ts the chddren in our cx)mmunity. Ensuring the use of up to date eaty years b8St lo enhance the children's development arKI experien. Enabling that the local o)mmunty have access to suptsb wrap an)und thildcare f&Nities. Publlc ben•llt We have referred to the 9uidance contained in the Charity Coffmission's general guidance on public benefit when reviewing our aims and obiecbves and in nnIng our future acbvities. In partrular, the trustees consider how planned acbviis will cnntribute to the aims and obiectNes they have set. The main activities urthrtaken to furtrw the (wWs putp¢)ses for the pubft efft are ouuined below. ACHIEVEMENT AND PERFORMANCE Charitsble actlvities Provision of exceptminal, sustainatAe and thildcare forthe conynunty. Close liaison with scJ)ool for chbkjren t(MTards staknw educat. Maintenano of current tstIng O(sted slalus. Continual upjating of resources u$8J by children. FINANCIAL REVIEW Financial posilion The accounts show net inco of £5.394 {2019 £9.590). This resuli was anticipated due to the continuing satisfactory chikl numbers throughout tr 2019r20 aCadern year. The resu115 for the acajemic year of 2020121 are anticipated to be similar to those )ed in the 2019r20 adem year. Reserves policy To maintain a healthy reserve trolar to aid tMrds the futs&re sustainabilty of the nuTrery, particularty in those years where child number5 rr• be loaT. Page 1
ST CATHERINES INDEPENDENT NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020 STRUCTURE GOVERNANCE AND IIANAGEMENT Governing document The charity is ntrOlled by its govemirg dcKUrrL a deed of trust nStirteS an unin¢orporated charity. R¢¢rultment and appointsmrt of nowtrustees There shall be at least trustees and any trustees a to be appointed by a resolution of the trustees at a special meeting. In selecting persons to t apwinted as trustees, the trustees shall take into account the benefits of appointing a person who is able ty virtue of his or her personal or professional qualffications to nke a contrbution to the PUfSUit of the oW*s or the fflana ofts Charity. REFERENCE AND ADhlNISTRATIVE DEfAILS Registsred Chaiity nurnbor 1152421 Prfncipal address Moss Lane Leyland Lancashire PR25 4SJ Trustees Mrs L Madd Mrs J Chester Mrs B Pear50n Mfs T Austs'n (appointad 12112r2019) Indepgndent Examlner Rfm Preslon Ltd Chartered Accountsnts 120-124 Towngate Leyland Lancashire PR25 2LQ Approved by order of the board oftrustees on 27 May 2021 and svJned on ils behalf by: Mrs L Maddock- Trustee Page 2
INDEPENDEKf EXAIAINERE REPORT TO THE TrUSTEES OF ST CATHERINES INDEPENDE NURSERY Indopendent examlnefs report to the truBte8s of St Catherlne Indewdent Nutsery I report to the charity trustee5 on my examination of the %(nts of St Calhen'ne's Independent Nursery (the TTUSt} for the year ended 31 August 2020. Responslblllttes and b•ts of veport As the charty trustees of the Tfust you aEE re4)¢wvble the weparth of the accounts in accordance wth the require1rts of the Chariltes Art 2011 {Ihe Acr). I report in resFed of my examinatr)n of the Twsfs OUnts carrigy out under tIOn 145 of the Act and in ¢arrying out my examination I have folkythed al appltth DIrectn$ gr¥en by the Charity CommiSsn under section 145{51{b} of the Act. Independent examinets statem I have compWJ ry examination. I confirm that no nia [tter5 have to my attention in connection with the examinatson giving me cause to believe that in any rntsial res accounting records were not kept in resFect of Ihe Trust as rg]uired by 130 ofthe Art. or the aUnts do not aco)rd with those [ds. or the accounts do not comply with the appik?ble requirenwts conceming the form and content of a¢xounts set out in CharitEs <A(nts and Reports) ReguLAttons 2008 other than any reqUinEnt that Ihe nIS gNe a true and fa vw whth is not a rnatt considered as part of an indeFendent examinat. I have no coremS aTKI have come across no other matteTS in cOnntion with the examination to whÉch attention should be drawn in this retKWt in order to enable a undernlanding of ts COUnts to be reached. Gillian Telford FMAAT RIM Preston Ltd Chartered Accountants 120-124 Towngate Leyland Lancashire PR25 2LQ 27 May 2021 Page 3
ST CATHERINE'S INDEPENDEiif NURSERY STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2020 2020 2019 unrestri Total nd funds INCOME AND ENDOWMENTS FROM Charitable acllvbtios Nursery 213,353 213,605 Investment incp)me Total 213,407 213.671 EXPENDITURE ON Raising funds 5.5 8,851 Charflable activils Nursery 202.417 195.230 Total 208.013 204,081 NET INCOME 5.394 9.590 RECONCILIATION OF FUNDS Totsl funds brought fonva 79.678 70,088 TOTAL FUNDS CARRIED FORWARD 85.072 79.678 The notes fom) part of tte financial st*ments Page 4
ST CATHERINE% INDEPENDEpif NURSERY BAIANCE SHEEr 31 AUGUST 2020 2020 2019 unrestri Totsl fund funds FIXED ASSETS Tangible assets 41.478 29,582 CURRENT ASSETS Debtors Cash at bank aNI in haThJ 423 92,453 425 53.611 92,876 54,036 CREDrroRS Amounts falling due within one year {49,2821 (3,9401 NEf CURRENT ASSErs 50.0 TOTAL ASSETS LESS CURREiir LIABILrtlES 85.072 79.678 NET ASSETS 85,072 79.678 FUNDS Unrestrioted fvnds 85.072 79,678 TOTAL FUNDS 85,072 79.678 The financial staternnts were approv8J by the Board of Tnjstees aThJ authorised for issue on 27 May 2021 and were signed on ils Walf by: L Maddcdt. Tn The notes fomi ofthese financial stateffents Paje S
ST CAThERINES INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2020 AccouKllNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMEpirs The chanty consthutes a publi¢ benefft entity as defingj by FRS 102. The financial statements have been prepa in acu1rdan with Accountir#J and Reports"ng by Charities. Statement of Recornmended prac applicable to charilies weparing their %oyJnts in accordance wrth the Financial Reporting Standard applble in the UK and Republ of Ireland (FRS 102) issued in October 2019. the Fina31 Reporting Standard applicable in the United lQ"ngdom and Republic of Ireland {FRS 102}. the CharitÈs 2011 and UK Generalty fvpted NOunng Practice. The financial statements have been prepa to gNe a and fairf and have departed from the charit5 IA¢counts Repots) ReguL3th)ns 2[ onty to the extent rUl to provide a Irue and fair view. This departure has inVoed follcMTVJ the ACCtnts"ng and ReFth"ng by Charitses.'Ststement of Recommended PractLe apKable io clHritits weparing their accounts in e0rdance with the Financial Reporting Stsndard appli(xble in the UK arKI Republr of Ireland (FRS 102) issued in October 2019 rather than the Accounting and ReIng by Cha¥es.. Statement of Recommended The firwi¢ial slatemts a prepared on a wvig CL bws urKler the histoncal cost nVention. The gnrftcanI ac¢ounling polws appld n the PTeparalion of these financial statements are set out bel. These polries have been cMststenty ¥plEd to all yeaTr presented. FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS The charty has tsken advantsge of the fOlkYn9 disclosure exemptions in preparing these financk81 statements, as pemrtted by FRS 102 The Financial Rwting Standard appIable in UK and Republic of Irdand.. the requlrerrts of Seclion 7 Statement of Cash Flows: the rUret of paragraph 3.17ldl", the U1rents of paragraphs 11.42. 11.44. 11.45. 11.47. 11.48(aMiii), 11.48lal(i¥l, 11.48lb) and 11.48lc): the requirerynt of paragrakth 33.7. INCOME All income is recognised in the Statenrt of FancIal Actr¥iiEs once the charity has entrtlement to the fLtnds. it is probable that the Inco will be red the arTh)unt caft be ured r81iabty. Debtors receIvate within one year are r{ded at transaclM)n wi. EXPENDrruRE Liabilities are fe(J)gnis&l as eXrture a5 scTh as there is a Wl tx constnth obligation committing the chanty to that expenditure. it is probable that a tsansfer of econombc beneffts will be required in setttement and the amunt of the oblfjan can be sUred reliabty. Expenditure is COunted for on an wuals baw"s and has been cLassffied under headings that aggregate all cost related to the . ere costs wnot be dir• attributed to parbcular headings they have been alk¢ated to xtr¥ilEs on a basE w)sitht wth the use of resources. TANGIBLE FIXED ASSErs Deprectation is pro¥m at the fDIINirvJ annual rales in order to tffite off each asset over its estimated usefijl life. Improvements to proFerty 20% on cost and 10% on c¥)st Plant and machinery Fixtures and fittings 15% on reducing balan 33% on cost P4e6 ¢onlinued...
ST CATHERINE'S INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMEpifs- conlinued FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POUCIES - tinued TAXATION The charity is exempt from tax on Is dwitsbie &tivit*s. FUND ACCOUNllNG Unrestn'cted fiJnds can te Used in COldan wrth the chartable obpctries at the discretion of the tnjstees. Restricted fvnds onty be used partlxkqr restrthd purposes thin the objects of the chanty. Restricth?ns arise when by funds are raised for parthwlar restrthd purposes. Further explanation of the nature and purpose of exh fund is included in the notss to the financ1 statements. PENSION COSTS AND OTHER POST41EllREMENT BENEFrrs The charity operates a defined contribution pension scheme. contr1ttiOnS payable to the charity's pension scheme are charged to the stateThrt Fnancial Pdivities in the period to whth they relate. INVESThIENT INCOME 2020 2019 Deposit account interest TRUSTEES. REMUNERATION AND 8ENEFrrs There were no trustees, remUnWatir or other benefits for the year ended 31 August 2020 nor frjr the year ended 31 August 2019. TRUSTEES. EXPENSES There were no trusiees. expenses paKI for the year ended 31 August 2020 rw for the year ended 31 August 2019. STAFF COSTS The average niJnthFy number of eryloyees duriThJ the year was as follc•ws: 2020 2019 Administration Child care No employees received etTh)luments in excess of £60.OLKI. Page 7 continued...
ST CATHERINES INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMEpifs- continued FOR THE YEAR ENDED 31 AUGUST 2020 COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIWllES Unre8trictsd fund INCOME AND ENDOWMENTS FROII Charitsble actlvities Nursery 213,605 Invesbnent incx)n Total 213,671 EXPENDITURE ON Raising funds 8,851 Charltable activlti¢s Nursery 195,230 Total 204,081 INCOME 9,590 RECONCILIATION OF FUNDS Totsl funds brought forward 70.088 TOTAL FUNDS CARRIEO FORWARD 79.678 TANGIBLE FIXED ASSETS Plant and and property machinery rIng5 Tots18 COST At 1 September 2019 Addth'ons 37.758 24.699 6.282 10.495 72,952 At 31 August 2020 49,274 30,981 90.750 DEPRECIATION At 1 September 2019 Charge for year 19.882 13,667 2,246 9,821 654 43,370 At 31 August 2020 22,884 15,913 10,475 49.272 NEf BOOK VALUE At 31 August 2020 26,390 15.068 20 41,478 At 31 August 2019 17.876 11.032 674 29,582 Page 8 continued...
ST CATHERINES NDEPENDETrif NURSERY NOTES TO THE FINANCIAL STATEMENTS- conllnuod FOR THE YEAR ENDED 31 AUGUST 2020 DEBTORS: AhV)UNTS FALUNG DUE lm ONE YEAR 2020 2019 Prepayments and accrued inco 423 425 CREDtfoRS: AMouKfs FALUNG DUE wrrHIN ONE YEAR 2019 Trade creditoT5 other credttors 375 3.565 48,622 49,282 3,940 MOVEMENT IN FUNDS At 3118120 At 119119 in fvnds Unrostrlcted fvnds Gene1 fund 79,678 5.394 85,072 TOTAL FUNDS 5,394 85.072 Net movekrEnt in funds, wKludgJ the aty)ve a as fowryws: in funds General fund 213.407 1208.013) 5,394 TOTAL FUNDS 213.407 208 0131 5.394 Comparatives for mov•nent in funds Net movement in funds At 3118119 At 119118 Unrestrict¢d fund8 Generdl nd 70,088 9.59] 79,678 TOTAL FUNDS 70.088 79,678 Page 9 ntinued...
8T CATHERINE'S INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEME1 . conlinued FOR THE YEAR ENDED 31 AUGUST 2020 IAOVEMENT IN FUNDS - continued Comparative [t riM)vement in nds. inrAled in tr alw a as folkxs: Incoming Resources Mov¢ment resour3 expended In funds 9,590 General fijnd 213.671 (204.081) TOTAL FUNDS 213671 204,081) A ujrrent year 12 nKJnths and prior year 12 nM)nths Combin F¥xih)n is as folkThis: movement In funds At 3118120 At 119118 Unrestrlcted funds General fund 14,984 85,072 70,088 TOTAL FUNDS 70.088 14.984 85.072 A current year 12 TMnths and year 12 Comb1n net fnoveiTEnt in fur. included in the atove are as follovfi: Incomlng Resources lknem•nt In fund$ Unrgstricted funds General fund 427.078 {412.094) 14.984 TOTAL FUNDS 427.078 412.094) 14,984 10. RELATED PARTY DISCLOSURES During the year, the charity pamd ikkeepIng aThJ •xx)untsnGy fees of £3.293 (2019 £3,293) to Master of Coin Ltd. a company m which Mrs L J Madd(K Itru5tee) is a director. P4e 10
ST CATHERINES INDEPENDEpif NURSERY DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 AUGUST 2020 2020 2019 INCOME AND ENDOYIIAIENTS Invoslment incom• DeFQSrt account interest Charftable activitie8 213.353 213.605 Totsl Incomlng resow 213.407 213,671 EXPENDMJRE Raising donations and legxi¢• Direct costs Ireimbutsèd by pats1 5.596 8.851 Charftsble actlvlties Wages Social security Pensions Rersl heat light & insurance Sun¢Jries Repairs and ffointenan Resources 146,416 128,562 5.381 1.716 12,229 3,722 1,840 18,761 2.525 11,270 2,611 5.253 183.530 172,211 Support costs Management Telephone Postage and ststionery Adverknsing and markding TIning COLsrses Improvements to property Plant and nwhinery Fixtures and frtb.ngs 1.014 870 599 1,702 3.002 2,246 654 1,636 4,469 1.947 655 10,137 10,588 Goveman¢¢ costs Accountsncy Independent examinalion Citation Computer cnsts Subscriptions 3.293 900 2.442 1,441 674 3,293 870 2.441 3,837 1.9) 12.431 Total resources eXpeIed 208,013 204.081 Net Incomè 5.394 Thts page does not form part ofthe slatrrtory financial statements Pa3e11