Charity registration number: 1169193
Abbotts Ann Nursery School A Charitable Incorporated Organisation (CIO)
Annual Report and Financial Statements
for the Year Ended 31 August 2023
Abbotts Ann Nursery School
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 14 |
Abbotts Ann Nursery School Reference and Administrative Details
Trustees
Beth Wildbore, Chair/Secretary from 15/09/2022, Chair only from 18/09/2023
Claire Croombs, Treasurer from 30/05/2022
William Littlejohn, Secretary from 18/09/2023 (appointed 18 September 2023)
Sharan Chaggar (appointed 18 September 2023) Emily Eaton (appointed 18 September 2023) David Conn (appointed 15 September 2022) Linda Conn (appointed 15 September 2022) Dan Squibb (appointed 18 September 2023) Kelly Squibb (appointed 18 September 2023)
Lucy Bullock (appointed 15 September 2022 and resigned 18 September 2023)
Jane Hemsted, Chair from 06/06/2022 to 15/09/2022 (Resigned 15 September 2022)
Sarah Readman (resigned 15 September 2022) Annabel Willmott (Resigned 15 September 2022)
Principal Office War Memorial Village Hall Duck Street Abbotts Ann Andover Hampshire SP11 7BG Charity Registration Number 1169193
Independent Examiner River View Tax & Accountancy Ltd 5 Beresford Gate South Way Andover Hampshire SP10 5BN
Page 1
Abbotts Ann Nursery School Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2023.
Objectives and activities
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Governance and Structure
The Abbotts Ann Nursery School is Charitable Incorporated Organisation (CIO) (registered charity number: 1169193). The Nursery is registered with OFSTED (reg.no. EY546267) and is a member of the Early Years Alliance. The trustees in office during the financial year and any changes since the year end are as detailed on page 1. The Nursery has a childcare protection policy in place which includes carrying out checks with the Disclosure and Barring Service for new and existing members of staff and committee members. All trustees give their time voluntarily and received no remuneration or benefits. The Nursery works closely with the Village Hall committee from whom it rents the premises and associated facilities in which it provides Early Years education and Childcare.
Principal Activities
The objective of the charity is to enhance the development and education of children under statutory school age. Children are encouraged to make play choices throughout their sessions and all children have a key-person who will plan for their children's interests in their next steps and focus activities. Focus activities are the only adult led activities that happen. The Nursery takes children from two years old up to school age and is open during term time only.
Achievements
The committee have given up their valuable time to help with many fundraising events, including the successful Christmas Fayre, the Christmas Raffle and manning a stall at the village Fete, the Amport Fete and the Clatford May Fayre. Within setting the children’s photos and Bags4Schools collections have continued to help raise small sums. This year saw repeat of the successful Sponsored Walk during which the children explored the village around them whilst taking part in a Sponsored Walk.
The Nursey’s Christmas Fayre, alongside the it’s presence at a number of local events, has helped Abbotts Ann Nursery School raise it’s profile within the local area. Work has also been undertaken to improve the Nursery’s presence on Social Media, particularly within the local area; both activities have had a positive impact on the number of enquiries and the number of children in setting.
Abbotts Ann Nursery School continued it’s progress through accreditation in the Curiosity Approach which has seen improvements to the provision provided in setting. Grants and fundraising have also allowed the continued investment in staff training which has improved the SEND provision within the setting. This continued focus on training allows the continued improvement of provision provided for the children currently in setting but also helps to support staff retention and the long term viability of the nursery.
Page 2
Abbotts Ann Nursery School Trustees' Report (continued)
Financial review
For the year to 31st August 2023, funding was received from Hampshire County Council totalling £71,678 (2022: £43,614) and fees received from individuals for the provision of preschool education totalled £24,327 (2022: £31,547). The total income was £102,461 including restricted grants of £4342 (2022: £80,234 - restricted grants £1950).
Salaries remain the largest item of expenditure, totalling £67,328 (2022: £63,252) including employers National Insurance and pension contributions.
During the year there was a surplus of £15,924 overall with £1,371 of that being from restricted funds. (2022: £3,461 deficit including £889 from restricted funds brought forward).
Whilst the nursery has had a strong year financially it is also important to note that we have a large number of children starting school in September, and as a result forecast a more challenging year next year as we seek to fill the places created by those school leavers. Moving into the new year the nursery will continue to work to raise it’s profile locally to ensure that spaces are filled.
Page 3
Abbotts Ann Nursery School Trustees' Report (continued)
Policy on reserves
Aim: As a non-profit making charity, we as the committee of Abbotts Ann Nursery School have reviewed the need for reserves in line with guidance issued by the Charity Commission.
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To ensure that our charity is able to operate during periods of lower income (for example lower occupancy
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levels or a source of funding not being renewed)
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To ensure money is reserved for unexpected events, redundancies or any emergencies.
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To provide an opportunity to reserve money for future projects.
Objectives: Trustees understand that uncertainties may be faced in the future and the need to hold reserves where future income alone is unlikely to meet costs.
We recognise that trustees need to be able to justify the holding of income as reserves as the Charity Law requires any income received be spent within a reasonable period of receipt.
Those funds that are restricted will not be used in the Reserves, for example Funds received from a funding provider for a specific purpose.
The funds held by Abbotts Ann Nursery School fall into three categories: -
Unrestricted Funds: The charity’s general reserves are made up from grants from local council, private fees and fundraising. Unrestricted funds are needed to cover staff costs and those of administration and support without which the Nursery could not operate.
Income levels vary during the year, but expenditure levels remain relatively constant throughout. Income is at its lowest during the Autumn Term rising during the Spring Term to its highest level in the Summer Term. This is due to the availability of government childcare funding.
The Trustees consider it prudent that unrestricted funds should be sufficient to cover 3 month’s administration and support costs at the start of the academic year. This level will ensure we have adequate resources to cover our outgoings whilst income is at its lowest level during the Autumn Term. Without this funding level we would not have sufficient funds to ensure our continued operation to the end of January.
Restricted Funds: Restricted funds normally arise from donations or grants which have been received to meet the costs of specific items of expenditure. An example include Early Years Pupil Premium (EYPP) which must be spent to improve outcomes for specific children.
Reserve Fund: The reserve amount is available on request from the Committee. The reserve funds are held in a separate savings account.
The amount is regularly monitored by the Committee to reflect any necessary changes to the required level of reserves.
The reserves fund may be called upon to fund:
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●Potential major repairs to the building (roof, flooring, heating & plumbing system, boiler etc)
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●Upcoming agreed renovation projects.
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●Potential loss of income due to any fluctuation in numbers of children attending nursery.
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●The need to fund short-term deficits in a cash budget, eg money may need to be spent before a funding grant is received.
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●Potential staff redundancy payments.
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●Potential payments to debtors should the nursery close.
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●Replacing equipment as it wears out
The Committee will take the final decision as to how and when the reserve fund is used.
This policy should be reviewed annually to make sure the reserves account holds enough to cover future eventualities.
The annual report was approved by the trustees of the charity on 16 May 2024 and signed on its behalf by:
......................................... Beth Wildbore Trustee
Page 4
Abbotts Ann Nursery School
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 16 May 2024 and signed on its behalf by:
......................................... Beth Wildbore Trustee
Page 5
Abbotts Ann Nursery School
Independent Examiner's Report to the trustees of Abbotts Ann Nursery School
I report to the trustees on my examination of the accounts of Abbotts Ann Nursery School for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity trustees of Abbotts Ann Nursery School you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Abbotts Ann Nursery School's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Abbotts Ann Nursery School as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Gemma Merritt CTA
5 Beresford Gate South Way Andover Hampshire SP10 5BN
16 May 2024
Page 6
Abbotts Ann Nursery School
Statement of Financial Activities for the Year Ended 31 August 2023
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | 2023 | ||||
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations and legacies | 1,560 | - | 1,560 | |||
| Charitable activities | 98,602 | 2,000 | 100,602 | |||
| Investment income | 4 | 299 | - | 299 | ||
| Total income | 100,461 | 2,000 | 102,461 | |||
| Expenditure on: | ||||||
| Raising funds | (138) | - | (138) | |||
| Charitable activities | (85,764) | (635) | (86,399) | |||
| Total expenditure | (85,902) | (635) | (86,537) | |||
| Net income | 14,559 | 1,365 | 15,924 | |||
| Net movement in funds | 14,559 | 1,365 | 15,924 | |||
| Reconciliation of funds | ||||||
| Total funds brought forward | 35,005 | - | 35,005 | |||
| Total funds carried forward | 14 | 49,564 | 1,365 | 50,929 | ||
| Unrestricted | Restricted | Total | ||||
| funds | funds | 2022 | ||||
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations and legacies | 2,722 | - | 2,722 | |||
| Charitable activities | 75,543 | 1,950 | 77,493 | |||
| Investment income | 4 | 19 | - | 19 | ||
| Total income | 78,284 | 1,950 | 80,234 | |||
| Expenditure on: | ||||||
| Raising funds | (1,395) | - | (1,395) | |||
| Charitable activities | (79,461) | (2,839) | (82,300) | |||
| Total expenditure | (80,856) | (2,839) | (83,695) | |||
| Net expenditure | (2,572) | (889) | (3,461) | |||
| Net movement in funds | (2,572) | (889) | (3,461) | |||
| Reconciliation of funds | ||||||
| Total funds brought forward | 37,577 | 889 | 38,466 | |||
| Total funds carried forward | 14 | 35,005 | - | 35,005 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14.
The notes on pages 9 to 14 form an integral part of these financial statements. Page 7
Abbotts Ann Nursery School
(Registration number: 1169193) Balance Sheet as at 31 August 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 10 | 3,501 | - | |
| Cash at bank and in hand | 11 | 47,684 | 35,797 | |
| 51,185 | 35,797 | |||
| Creditors: Amounts falling due within one year | 12 | (256) | (792) | |
| Net assets | 50,929 | 35,005 | ||
| Funds of the charity: | ||||
| Restricted income funds | ||||
| Restricted funds | 1,365 | - | ||
| Unrestricted income funds | ||||
| Unrestricted funds | 49,564 | 35,005 | ||
| Total funds | 14 | 50,929 | 35,005 |
The financial statements on pages 7 to 14 were approved by the trustees, and authorised for issue on 16 May 2024 and signed on their behalf by:
......................................... Claire Croombs Trustee
The notes on pages 9 to 14 form an integral part of these financial statements. Page 8
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts are prepared on a receipts and payments basis.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| Donations and legacies; | |||
| Donations from individuals | 40 | 40 | |
| Other income from donations and legacies | 1,520 | 1,520 | |
| Total for 2023 | 1,560 | 1,560 | |
| Total for 2022 | 2,722 | 2,722 |
3 Income from charitable activities
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Restricted | Total | ||||
| General | funds | funds | ||||
| £ | £ | £ | ||||
| 98,602 | 2,000 | 100,602 | ||||
| Total for 2023 | 98,602 | 2,000 | 100,602 | |||
| Total for 2022 | 75,543 | 1,950 | 77,493 | |||
| 4 | Investment income | |||||
| Unrestricted | ||||||
| funds | Total | |||||
| General | funds | |||||
| £ | £ | |||||
| Interest receivable and similar income; | ||||||
| Interest receivable on bank deposits | 299 | 299 | ||||
| Total for 2023 | 299 | 299 | ||||
| Total for 2022 | 19 | 19 | ||||
Page 10
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)
5 Expenditure on raising funds
a) Costs of generating donations and legacies
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total | |||||
| General | funds | |||||
| Note | £ | £ | ||||
| Donations | 138 | 138 | ||||
| Total for 2023 | 138 | 138 | ||||
| Total for 2022 | 541 | 541 | ||||
| 6 Expenditure on charitable activities |
||||||
| Unrestricted | ||||||
| funds | Restricted | Total | ||||
| General | funds | funds | ||||
| Note | £ | £ | £ | |||
| 10,764 | 635 | 11,399 | ||||
| Staff costs | 67,328 | - | 67,328 | |||
| Allocated support costs | 7,672 | - | 7,672 | |||
| Total for 2023 | 85,764 | 635 | 86,399 | |||
| Total for 2022 | 79,461 | 2,839 | 82,300 | |||
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Staff costs during the year were: | |||
| Wages and salaries | 66,266 | 62,443 | |
| Pension costs | 1,062 | 808 | |
| 67,328 | 63,251 |
Page 11
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| charity during the year expressed as full time equivalents was as follows: | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| No | No | ||||
| Employees | 6 | 6 |
6 (2022 - 6) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £1,062 (2022 - £808).
No employee received emoluments of more than £60,000 during the year
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Debtors
| Other debtors | 2023 £ 3,501 |
|---|---|
11 Cash and cash equivalents
| 11 Cash and cash equivalents | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Cash on hand | - | 10 | |
| Cash at bank | 47,684 | 35,787 | |
| 47,684 | 35,797 |
12 Creditors: amounts falling due within one year
| 12 Creditors: amounts falling due within one year | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Other taxation and social security | - | 696 |
| Other creditors | 256 | 96 |
| 256 | 792 |
13 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,062 (2022 - £808).
Page 12
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)
| 14 Funds | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance | at 1 | |||||||||||
| September | Incoming | Resources | Balance at 31 | |||||||||
| 2022 | resources | expended | August 2023 | |||||||||
| £ | £ | £ | £ | |||||||||
| Unrestricted funds | ||||||||||||
| General | 35,005 | 100,323 | (85,764) | 49,564 | ||||||||
| Restricted funds | - | 2,000 | (635) | 1,365 | ||||||||
| Total funds | 35,005 | 102,323 | (86,399) | 50,929 | ||||||||
| Balance | at 1 | |||||||||||
| September | Incoming | Resources | Balance at 31 | |||||||||
| 2021 | resources | expended | August 2022 | |||||||||
| £ | £ | £ | £ | |||||||||
| Unrestricted | ||||||||||||
| General | (37,577) | (77,743) | 80,315 | (35,005) | ||||||||
| Restricted | (889) | (1,950) | 2,839 | - | ||||||||
| Total funds | (38,466) | (79,693) | 83,154 | (35,005) | ||||||||
| 15 Analysis of net assets between funds | ||||||||||||
| Unrestricted | Total funds at | |||||||||||
| funds | Restricted | 31 August | ||||||||||
| General | funds | 2023 | ||||||||||
| £ | £ | £ | ||||||||||
| Current assets | 49,820 | 1,365 | 51,185 | |||||||||
| Current liabilities | (256) | - | (256) | |||||||||
| Total net assets | 49,564 | 1,365 | 50,929 | |||||||||
| Unrestricted | Total funds at | |||||||||||
| funds | 31 August | |||||||||||
| General | 2022 | |||||||||||
| £ | £ | |||||||||||
| Current assets | 35,797 | 35,797 | ||||||||||
| Current liabilities | (792) | (792) | ||||||||||
| Total net assets | 35,005 | 35,005 |
Page 13
Abbotts Ann Nursery School
Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)
| 16 Analysis of net funds | |||||
|---|---|---|---|---|---|
| At 1 | |||||
| September | Financing cash | At 31 August | |||
| 2022 | flows | 2023 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 35,797 | 11,887 | 47,684 | ||
| Net debt | 35,797 | 11,887 | 47,684 | ||
| At 1 | |||||
| September | Financing cash | At 31 August | |||
| 2021 | flows | 2022 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 39,288 | (3,491) | 35,797 | ||
| Net debt | 39,288 | (3,491) | 35,797 |
Page 14
Abbotts Ann Nursery School
Statement of Financial Activities by fund for the Year Ended 31 August 2023
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Income and Endowments from: | ||||
| Donations and legacies | 1,560 | 2,722 | ||
| Charitable activities | 98,602 | 75,543 | ||
| Investment income | 299 | 19 | ||
| Total income | 100,461 | 78,284 | ||
| Expenditure on: | ||||
| Raising funds | (138) | (1,395) | ||
| Charitable activities | (85,764) | (79,461) | ||
| Total expenditure | (85,902) | (80,856) | ||
| Net income/(expenditure) | 14,559 | (2,572) | ||
| Net movement in funds | 14,559 | (2,572) | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 35,005 | 37,577 | ||
| Total funds carried forward | 49,564 | 35,005 |
This page does not form part of the statutory financial statements. Page 15
Abbotts Ann Nursery School
Statement of Financial Activities by fund for the Year Ended 31 August 2023 (continued)
| Total | Total | ||
|---|---|---|---|
| Restricted | Restricted | ||
| Funds | Funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Income and Endowments from: | |||
| Charitable activities | 2,000 | 1,950 | |
| Total income | 2,000 | 1,950 | |
| Expenditure on: | |||
| Charitable activities | (635) | (2,839) | |
| Total expenditure | (635) | (2,839) | |
| Net income/(expenditure) | 1,365 | (889) | |
| Net movement in funds | 1,365 | (889) | |
| Reconciliation of funds | |||
| Total funds brought forward | - | 889 | |
| Total funds carried forward | 1,365 | - |
This page does not form part of the statutory financial statements. Page 16
Abbotts Ann Nursery School
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| Total | Total | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Income and Endowments from: | |||
| Donations and legacies (analysed below) | 1,560 | 2,722 | |
| Charitable activities (analysed below) | 100,602 | 77,493 | |
| Investment income (analysed below) | 299 | 19 | |
| Total income | 102,461 | 80,234 | |
| Expenditure on: | |||
| Raising funds (analysed below) | (138) | (1,395) | |
| Charitable activities (analysed below) | (86,399) | (82,300) | |
| Total expenditure | (86,537) | (83,695) | |
| Net income/(expenditure) | 15,924 | (3,461) | |
| Net movement in funds | 15,924 | (3,461) | |
| Reconciliation of funds | |||
| Total funds brought forward | 35,005 | 38,466 | |
| Total funds carried forward | 50,929 | 35,005 |
This page does not form part of the statutory financial statements. Page 17
Abbotts Ann Nursery School
Detailed Statement of Financial Activities for the Year Ended 31 August 2023 (continued)
| Total | Total | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Donations and legacies | ||||
| Appeals and donations | 40 | 610 | ||
| Gift Aid tax reclaimed | - | 10 | ||
| Fundraising | 1,520 | 2,102 | ||
| 1,560 | 2,722 | |||
| Charitable activities | ||||
| UK Government grants | 2,000 | - | ||
| UK Government grants | 1,422 | 100 | ||
| Grants - other agencies | - | 1,950 | ||
| Grants - other agencies | 920 | - | ||
| Funding from County Council | 71,678 | 43,614 | ||
| Fees from parents | 24,327 | 31,546 | ||
| Uniform income | 255 | 283 | ||
| 100,602 | 77,493 | |||
| Investment income | ||||
| Interest on cash deposits | 299 | 19 | ||
| 299 | 19 | |||
| Raising funds | ||||
| Fundraising costs | (138) | (541) | ||
| Charitable donations | - | (854) | ||
| (138) | (1,395) | |||
| Charitable activities | ||||
| Purchases | (799) | (59) | ||
| Food and nursery supplies | (572) | (818) | ||
| Nursery equipment | (635) | (1,639) | ||
| Nursery equipment | (2,567) | (1,854) | ||
| Nursery equipment | - | (313) | ||
| Wages and salaries | (66,266) | (62,443) | ||
| Staff pensions (Defined contribution) - pension scheme 1 | (1,062) | (808) | ||
| Rent | (6,826) | (6,952) | ||
| Repairs and maintenance | (542) | (556) | ||
| Professional indemnity insurance | (989) | (1,005) | ||
| Staff training | - | (1,200) | ||
| Staff training | (823) | (849) | ||
| Staff welfare | (32) | (75) | ||
| Travelling | - | (26) | ||
| Equipment repairs and renewals | (9) | - |
This page does not form part of the statutory financial statements. Page 18
Abbotts Ann Nursery School
Detailed Statement of Financial Activities for the Year Ended 31 August 2023 (continued)
| Total | Total | Total | Total | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| Telephone and fax | (971) | (926) | |||
| Computer software and maintenance costs | (1,007) | (1,672) | |||
| Printing, postage and stationery | (369) | (190) | |||
| Charitable donations | (1,410) | - | |||
| Sundry expenses | (67) | (20) | |||
| Advertising | - | (50) | |||
| Accountancy fees | (1,140) | (917) | |||
| Legal and professional fees | (82) | (35) | |||
| Bad debts written off | (171) | - | |||
| Bank charges | (60) | (93) | |||
| (Profit)/loss on sale of tangible fixed assets held for charity's own use | - | 200 | |||
| (86,399) | (82,300) |
This page does not form part of the statutory financial statements. Page 19