REGISTERED CHARftY NUMBER: 1152421 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEW6 FOR THE YEAR ENDED 31 AUGUST 2021 FOR ST CATHERINE'S INDEPENDENT NURSERY Rfm Preston Ltd Chartered Accountants 120-124 Towngate Leyland Lancashire PR25 2LQ
ST CATHERINE'S INDEPENDENT NURSERY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Page Report of the Tntslees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 10 Detsiled Statement of Financial ACtltIeS 11
ST CATHERINES INDEPENDEKf NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 The trustees present their report with the financÉal statements of the charity for the year ended 31 August 2021. The Iru51ees have adopted the provisK)ns of the Statement of Recommended Pracb"ce ISORPI "Accounting and Reporting by Charities" in PTeparing the annual report and financial statements of the charity. Tre finanGi81 statements have been prepared in accordano WFth the accounting [1CleS set out in the notes to the accounts and comply wtth the charity's goveming docurnen( the Charities Act 2011 and Accounting and Reporting by Charilies."Stslement of Recommended Practi applicable to charities preparing their accounts in accordance wrth the Financial ReF(srb"ng Standard applicabk in the UK and Republic of Ireland published in October 2019. OBJECTIVES AND ACTMnES Objectives and aiw To provide high qualty rare and fll¢tieS for educational development and recreation to children under statutory school age. To enhance and devek)p the children in our care ty encouging parents to understand and prOVe for the educational and development needs of their chiklren. To provide afftjrdable care and lUcan for the thildren in our communty. Ensuring the use of up to date eaty year5 best prae to enhance the children's development and experience. Enabling that the l(Trl communty have to SUFErb wrap around chilth2re facilth"e5. Publk benefrt We have referred to the guidan (xjnlained in the Charity COMM10n'S general guidan on public benefit when reviewing our aims and objecty.ves arKI in planning our future acb"vib"es. In parbcular, the trustees consider how pk4nned activtties will contribute to the aims and objecltves they have set The main a¢tNities underfaken to further the charity's purposes for the public benefft are ouuined below. ACHIEVEMENT AND PERFORMANCE Ch3ritable acliviti¢s Provision of exceptnal, sustainable and artordable childcare for the communty. Close liaison with school for chikjren moving towards statutory educakn"on. Maintenance of Cunt outstanding Otsted status. Continual updating of resour used by chiklren. FINANCIAL REVIEW Financia5 position The accounts show net expendrture of £5,849 (2020 net irw))me of £5.394). This resu was antIpated due to a decrease in LCC funding and increases in the nattonal minimum wage. ReseNes policy To maintain a healthy reserve balance to aid tuwards the future sustsinabilty of the nursery, particularly in those years where child numbers may be bw. Page 1
ST CATHERINE'S INDEPENDETr NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Governin9 document The charity is controlled by its goveming dcurrnt. a deaj of trust and constitLrtes an unincorporated charity. Recruitrnent and appointment of new tnteeS There shall be at least tTUStees and any new trust are to be appointed by a OlutiOn of the trustees at a special meeting. In selting r$on$ to apwinted as ttustees, the trustees shall take into account the beneffts of appointing a person who is ale by virtue of his or her personal or professional qualffications to make a contribution to the pursuit of the objects or the management of the Charrty. REFERENCE AND ADMINISTRATIVE DAlLs Registered Charity number 1152421 Prlnclpal addre8S Moss Lane Leyland Lancashire PR25 4SJ Trustees Mrs L Maddock Mrs J Chester Mrs B Pearson Mrs T Austin Independent Examiner Rfm Preston Ltd Chartered Accountsnts 120-124 Towngate Leyland Lancashire PR25 2LQ Approved by order of the board of trustees on 28 April 2022 and sned on its behaff by.. Mrs L Maddock- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST CATHERINE'S INDEPENDENT NURSERY Independent examlnefs report to the tnteeS of St Catherine's Independent Nutsery I report to the charity trLtstees on my examination of the accounts of St Catherine'5 Irbdependent Nufsery {Ihe Trust) for the year ended 31 August 2021. Responsibiltties and basis of report As the charity tnjstees of the Trust you are reS[nSIble for Ihe preparation of the accounts in accordance with the requirements of the ChaTiti"es Act 2011 {'the Acf}- I report in respect of my examination of the Tnjsvs xcounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions gNen by the Chartty Commission under section 145{5llb} of the Act. Independent examlnetrs statemgnt I have completed my examination. I confirn) that no rnaterial matters have come to Elly attention in connection with the examination giving me cause to believe that in any material respect accounting records were not kept in respect of the Trust as required by section 130 of the ACC or the accounts do not accord those records. 01 the actt)unts do not compty with the applicable requirements COnming the form and content of accounts set out in the Charities {Accounts and Reports) Regulab"ons 2008 other than any requirement that the accounts give a true and fair vW whth is not a matter considered as part of an independent examination. I have no concems and have come acn)sS llo other matters in connection with the examination to which attent.on should be drdwn in thss reFx)rt in order to enable a proper understsnding of the accounts to be reached. Gillian Tefford FMAAT Rfm Preston Ltd Chartered Accountants 120-124 Towngate Leyland Lancashire PR25 2LQ 28 April 2022 Page 3
ST CATHERINE'S INDEPENDEpif NURSERY STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2021 2021 Vnfestricted fund 2020 Total funds INCOME AND ENDOWMENTS FROM Charitable activitigs Nursery 207,241 213,353 Investsnent income Total 207,242 213,407 EXPENDITURE ON Raising funds 1.230 5.596 Charitable activities Nursery 211,861 202,417 Total 213,091 208,013 NET INCOMEIIEXPENDITURE) {5,8491 5.394 RECONCILIATION OF FUNDS Totsl funds brought forward 85,072 79,678 TOTAL FUNDS CARRIED FORWARD 79,223 85,072 The notes fo part ofthese financi81 ststements Page 4
ST CATHERINE'S INDEPENDEKf NURSERY BALANCE SHEET 31 AUGUST 2021 2021 Unrestricted nd 2020 Total funds FIXED ASSETS Tangible assets 36,562 41,478 CURRENT ASSETS Debtors Cash at bank and in hand 377 48,295 423 92,453 48.672 92,876 CREDITORS Amounts falling due within one year 16,011) {49,2821 NET CURRENT AssErs 43.594 TOTAL ASSETS LESS CURRENT LIABILITIES 79,223 85,072 NET ASSETS 79,223 85,072 FUNDS Unrestricted funds 79.223 85,072 TOTAL FUNDS 79.223 85,072 The financial statements We approved by the Board of Trustees and authorised for issue on 28 April 2022 and were signed on its behalf by: L Madd(Kk - TTUStee The notes ft)rm part ofthese financial statements Page 5
ST CATHERINE'S INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL sTATEmEs The charity consbtutes a public benefft entity as definj by FRS 102. The finanThal statements have been prepared in accordan wrth Accounting and Reporbng by Charities.. Statement of Recommended practi applicable to chanb.es preparing their acUnts in accordance wrth the Financial Reporting Standard applicable in the UK 2nd Republic of Ireland IFRS 1021 Issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charitses Act 2011 and UK Generalty Accepted ALxountsng Practice. The financial statements have been prepared to gNe a 'ttue and fairf view and have departed from the chariti.es IAccounls and Reports} Regulations 2008 onty to the extent required lo provide a 'lrue arld fair view.. This departure has involved follong the AecoLEnting and Reporting by Charities'.Statemelll of Recommended praCb. applicable lo charlS preparing their accounts in aOrdanCe with the Financial Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 Issued in October 2019 rather than the Accounting and Reporhng by Charibes: Statement of Recomrnended Practice effectNe frrmn 1 April 2005 which has since been wittKlrawn. The financial ststements a prepared on a going concem basis under the historical cost convention. The signfficant accounting policies applied in the preparation of these financial slateffEnts are set out below. These policies have been consistenty applied to all year5 presented. FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS The charity has taken advantage of the folhywing disclosure exemptions in preparing these financial statements, as pennitted by FRS 102 'The Finanual Rep)rting Standard applicable in the UK and Republic of IreEand': the requirernents of Section 7 Statement of Cash Flows.. the requirement of paragraph 3.17ld)- the requirements of paragraphs 11.42. 11.44. 11.45. 11.47. 11.481al{iiil. 11.48la)livl, 11.48{bl and 11.48lcl', the requirement of paragraph 33.7. INCOPaE All income 15 recognised in the StateffEnt of Financial ActivFbes On the chaftty has entitlement to the funds. rt is probabte that the inrne will be r1Ved and the arrounl can be measured reliably. Debtors receivable within one year are recorded at transaction price. EXPENDITURE Liabilities are re(wnised as expenditure as soon as there is a legal or o)nstructive obligation committing the charity lo that eXndrtUre, it is probable that a transfer of economic benefits will be required in settlerrent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla5Stfied under headings that aggregate all cost related to the category. Where costs cannot be directty attributed to parbcular headings they have been alkicAted to actsvittes on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation is provided at the folk)wing annual rates in (Kder to write off e&h asset over its estimated useful life. Improvements to property 20% on Tr)st and 10% on c4)st Plant and machinery Fixtures and fittings 15% on reducing balan 33./0 on cost Page 6 continued...
ST CATHERINE'S INDEPENDEP NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021 ACCoU1NG POLICIES - conlinugd TAXATION The charity is exempt from tax on its charilabk actsvibes. FUND ACCOUNTING Unrestricted funds can be used in cOrdan w7th the chantable objethes at the discretion of the tnjstees. Restrict&J funds can onty be used for partlar reslrthd purposes wÈthin the objects of the charity. Restrictions anse when spectfied ty the donor or when funds are raised for pathular restricted purposes. Further expÉanatr"on of the nature and purpose of each fund is induded in the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFrrs The charsty operates a defined contributn pension sche. Contributions payable to the charity's pension scheme are charged to the StatenEnt of Financial ActNities in the period to whh they relate. INVESTMENT INCOME 2021 2020 Deposit aOunt interest TRUSTEES. REIAUNERATION AND BENEFITS There were no trustees, reMUfratIOn or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020. TRUSTEES. EXPENSES There were no trustees, exwses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020. STAFF COSTS The average monthty number of employees during the year was as fr)lthvs'. 2021 2020 Administration Child care No employees received emolUEnts in excess of £60.OIXJ. Page 7 continLted...
ST CATHERINEE INDEPENDEKf NURSERY NOTES TO THE FINANCIAL STATEMENTS- conttnued FOR THE YEAR ENDED 31 AUGUST 2021 COMPARAThIES FOR THE STATEMENT OF FINANCIAL ACTNMES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitsblg acliviti8s Nursery 213,353 Investment income Total 213,407 EXPENDuRE ON Raising funds 5,596 Charltable actlvltles Nursery 202,417 Total 208,013 NET INCOME 5,394 RECONCILIATION OF FUNDS Total funds brought forward 79,678 TOTAL FUNDS CARRIED FORWARD 85,072 TANGIBLE FIXED ASSETS Improvements to property Fixtures and ffftings Plant and machinery Totals COST Al 1 September 2020 Addib"ons 49,274 30.981 10,495 1,121 90,750 1,121 At 31 August 2021 49,274 30,981 11,616 91,871 DEPRECIATION At 1 September 2020 Charge for yeai 22,884 3.387 15,913 2.260 10,475 390 49.272 6,037 At 31 August 2021 26.271 18.173 10,865 55,309 NET BOOK VALUE At 31 August 2021 23.003 12.808 751 36.562 At 31 August 2020 26,390 15,068 20 41,478 Page 8 continued...
ST CATHERINES INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021 DEBTORS: AMouKfs FALLING DUE WttHIN ONE YEAR 2021 2020 Prepayments and aCced income 377 423 CREDrroRS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 2021 2020 Trade credilors other cred¢tors 660 48,622 6.011 49,282 MOVEMENT IN FUNDS Net movement In funds At 3118121 At 119120 Unrestricted fund$ General fund 85.072 {5.849) 79,223 TOTAL FUNDS 85.072 5,8491 79,223 Net movement in funds, induded in the atrf)ve a as follows". Incoming Resources Movement resources expended in funds Unrestricted funds General fund 207.242 (213,091) 15,849) TOTAL FUNDS 207,242 213,0911 5,8491 Comparative8 for movement in funds Net movement In funds At 3118120 At 119119 Unrestricted funds General fund 79,678 5,394 85,072 TOTAL FUNDS 79,678 5,394 85,072 Page 9 continlted...
ST CATHERINE'S INDEPENDENT NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021 MOVEMENT IN FUNDS- continued Compar8bve nel mvemenl in funds. induded in the atxjve are as follS. Incoming Resources Movernent resourcos expended in funds Unrestrieted funds General fvnd 213.407 1208.013) 5,394 TOTAL FUNDS 213,407 208 013) 5,394 A current year 12 months and prior year 12 rrM)nths combined rKJsibon is as follows.. Net movement in funds At 3118121 At 119119 Unr•stricted funds General ftjnd 79,678 {4551 79,223 TOTAL FUNDS 79,678 4551 79,223 A current year 12 months and prior year 12 nthS ¢))mbined net ernent in funds, included in the above are as foll(Iws". Incoming Resources Pknvernent rgsource5 expended in funds Unrestricted fund$ General fund 420.649 1421,104) 14551 TOTAL FUNDS 420,649 421,1041 10. RELATED PARTY DISCLOSURES During the year. the charity paKI lkkeepirmj and accountsncy fees of £3.293 12020 £3,293) to Master of Coin Ltd. a company in which Mrs L J Maddock ltrusteel is a director. Page 10
ST CATHERINES INDEPENDE NURSERY DETAILED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 INCOME AND ENDOWMENTS Investment income Deposit account interest Charltable actlvfties Fees 207.241 213,353 Total incoming resources 207,242 213,407 EXPENDITURE Ralslng donatlons and legacies Direct costs (reimbursed by parents) 1,230 5,596 Charltable activitles Wages Social security Pensions Rent heat light & insurance Sundries Repairs and maintenance Resources 152,509 5,820 2,780 12,413 3,873 5,691 10,0 146,416 5,640 2,525 11,270 2,617 5,253 9,815 193,092 183,530 Support¢osts Managernent Telephone Postage and stationery Advertising and marketing Training courses Improvements to property Plant and machinery Fixtures and ffttings 1,057 761 1,064 870 599 1,702 3,002 2,246 654 1,103 3,387 2,260 390 8,958 10,137 Governance Costs Accountsncy Independent examination Citation Computer costs Subscriptions 3.293 930 2,442 1,945 1,201 3.293 900 2,442 1,441 674 9.811 8,750 Total reSour[S expended 213,091 208,013 Net lexpenditureyincome 5.8491 5.394 This page does not form part of the statutory financial statements Page11