2021-12-31-accounts - Chiltern Nursery and Training College

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	Page
Reference and Administrative Details
Report ofthe Trustees	2 to	6
Report ofthe Independent Auditors	7 to	10
Statement ofFinancial Activities
Balance Sheet	12
Cash Flow Statement	13
Notes to the Cash Flow Statement	14
Notes to the Financial Statements	15 to	26
Detailed Statement ofFinancial Activities	27 to	28

TRUSTEES		KHillier (Chairman)	KHillier (Chairman)
		C A Kelly	(Vice Chairman)
		JBGater
		AJLindley
		D Sandell
		C Wakely
REGISTERED	OFFICE	20 Peppard Road
		Caversham
		Reading
		Berkshire
		RG4 8JZ
REGISTERED	COMPANY	00159730	(England	and Wales)
NUMBER
REGISTERED	CHARITY	201911
NUMBER
AUDITORS		Vale &West Accountancy			Services Limited
		Chartered	Accountants
		Statutory Auditors
		Victoria House
		26 Queen	Victoria Street
		Reading
		Berkshire
		RG1 1TG
SOLICITORS		Blandy 4	Blandy LLP
		One Friar	Street
		Reading
		RG1 1DA
BANKERS		Lloyds Bank pic
		24 Broad Street
		Reading
		RG1 2BT

					31.12.21	31.12.20
			Designated	General	Total	Total
			funds	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		4	2,055		2,055	50
Charitable activities
Childcare activities				1,930,913	1,930,913	1,479,316
Investment income				42,000	42,000	47,474
Government grants				63,667	63,667	318,841
Total			2,055	2,036,580	2,038,635	1,845,681
EXPENDITURE ON
Charitable activities
Teaching and nursery costs			1,874	1,452,459	1,454,333	1,422,967
Premises			202,720	204,392	407,112	238,681
Support costs				279,899	279,899	249,792
Governance costs				9,435	9,435	7,005
Total			204,594	1,946,185	2,150,779	1,918,445
Net gains on investments						10,000
NET INCOME/(EXPENDITURE)			(202,539)	90,395	(112,144)	(62,764)
Transfers between funds		19	120,320	(120,320)
Net movement in funds			(82,219)	(29,925)	(112,144)	(62,764)
RECONCILIATION	OF FUNDS
Total funds brought forward			263,742	1,354,089	1,617,831	1,680,595
TOTAL FUNDS CARRIED FORWARD			181,523	1,324,164	1,505,687	1,617,831

				31.12.21	31.12.20
		Designated	General	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12		623,372	623,372	652,872
Investment property	13		560,000	560,000	560,000
			1,183,372	1,183,372	1,212,872
CURRENT ASSETS
Debtors	14		30,410	30,410	32,104
Cash at bank and in hand		181,523	613,479	795,002	680,993
		181,523	643,8S9	825,412	713,097
CREDITORS
Amounts falling due within one year			(206,064)	(206,064)	(169,025)
NET CURRENT ASSETS		181,523	437,825	619,348	544,072
TOTAL ASSETSLESSCURRENT
LIABILITIES		181,523	1,621,197	1,802,720	1,756,944
CREDITORS
Amounts falling due after more than one
year	16		(297,033)	(297,033)	(139,113)
NET ASSETS		181,523	1,324,164	1,505,687	1,617,831
FUNDS	19
Unrestricted funds				1,505,6S7	1,617,831
TOTALFUNDS				1,505,687	1,617,831

	F	OR THE	YEAR ENDED 3	1DECEMBER 2021
				31.12.21	31.12.20
		Notes
Cash flows from operating	activities
Cash generated from operations				(81,674)	(81,849)
Net cash used in operating	activities			(81,674)	(81,849)
Cash flows from investing	activities
Purchase oftangible fixed assets				(20,714)	(43,873)
Sale oftangible fixed assets					(136)
Investment income				42,000	47,250
Net cash provided by investing		activities		21,286	3,241
Cash flows from financing	activities
New loans in year				194,590
Loan repayments in year				(16,835)	(16,297)
Loan interest paid				(3,358)	(3,982)
Net cash provided by/(used	in)	financing	activities	174,397	(20,279)
Change in cash and cash equivalents
in the reporting period				114,009	(98,887)
Cash and cash equivalents	at	the
beginning ofthe reporting	period			680,993	779,880
Cash and cash equivalents	at	the end
ofthe reporting period				795,002	680,993

RECONCILIATION OF NET E ACTIVITIES	XPENDITURE TO NET CASH F	LOW FROM O	PERATING
		31.12.21	31.12.20
Net expenditure for the reporting	period (as per the Statement
ofFinancial Activities)		(112,144)	(62,764)
Adjustments for:
Depreciation charges		50,215	69,770
Gains on investments			(10,000)
Investment income		(42,000)	(47,250)
Interest payable		6,808	3,982
Decrease in debtors		1,694	7,208
Increase/(decrease) in creditors		13,753	(42,795)
Net cash used in operations		(81,674)	(81,849)

			At 1.1.21	Cash flow	At 31.12.21
Net cash
Cash at bank and in hand			680,993	114,009	795,002
			680,993	114,009	795,002
Debt
Debts falling due within		1 year	(16,829)	(23,286)	(40,115)
Debts falling due after	1	year	(139,113)	(157,920)	(297,033)
			(155,942)	(181,206)	(337,148)
Total			525,051	(67,197)	457,854

					31.12.21	31.12.20
	Donations				2,055	50
5.	INVESTMENT	INCOME
					31.12.21	31.12.20
	Rents receivable				42,000	47,474
6.	INCOME FROM CHARITABLE ACTIVITIES
					31.12.21	31.12.20
			Activity
	Parent contributions		Childcare	activities	1,627,647	1,126,822
	Local authority	funding	Childcare	activities	284,888	340,609
	Other funding		Childcare	activities	18,378	11,885
					1,930,913	1,479,316

				Depreciatio
2021		Staff Costs	Other	n	Total
Nursery costs		1,143,065	311,268		1,454,333
Premises		30,286	337,405	39,421	407,112
Support costs		187,942	81,163	10,794	279,899
Governance	costs		9,435		9,435
		1,361,293	739,271	50,215	2,150,779

				Depreciatio
2020		Staff Costs	Other	n	Total
Nursery costs		1,208,919	214,048		1,422,967
Premises		40,369	141,837	56,475	238,681
Support costs		182,494	54,003	13,295	249,792
Governance	costs		7,005		7,005
		1,431,782	416,893	69,770	1,918,445

			31.12.21	31.12.20
Depreciation -owned		assets	50,214	69,770
Bank loan	interest payable		3,358	3,982
Auditors'	remuneration	- audit fee	6,743	4,837
Auditors'	remuneration	-non audit	2,692	2,168

		31.12.21	31.12.20
Wages and	salaries	1,239,320	1,275,778
Social security		90,794	86,754
Other pension		31,179	26,438
Temporary	agency staff		42,812
		1,361,293	1,431,782

The avera	ge	monthl	y numbe	r ofemployees during the	year was as follows:
					31.12.21	31.12.20
Teaching	and	child	welfare	staff	53	57
Others					7
					60	65

					31.12.21	31.12.20
Aggregate	employee	costs ofthe senior	management	team (including
salary, benefits, pension contributions			and national	insurance)	187,462	189,791

The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was nil (2020 - 1).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was nil (2020 - 1).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was nil (2020 - 1).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was nil (2020 - 1).	een 560,00
COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Designated	General	Total
		funds	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		50		50
Charitable activities
Childcare activities			1,479,316	1,479,316
Investment income			47,474	47,474
Government grants			318,841	318,841
Total		50	1,845,631	1,845,681
EXPENDITURE ON
Charitable activities
Teaching and nursery	costs	192	1,422,775	1,422,967
Premises		42,602	196,079	238,681
Support costs			249,792	249,792
Governance costs			7,005	7,005
Total		42,794	1,875,651	1,918,445
Net gains on investments			10,000	10,000
NET INCOME/(EXPENDITURE)		(42,744)	(20,020)	(62,764)
Transfers between funds		(167,148)	167,148
Net movement in funds		(209,892)	147,128	(62,764)
RECONCILIATION	OF FUNDS
Total funds brought	forward	473,634	1,206,961	1,680,595

			Designated	General	Total
			funds	fund	funds
	TOTAL FUNDS CARRIED
	FORWARD		263,742	1,354,089	1,617,831
12.	TANGIBLE FIXEDASSETS
			Freehold	Plant and
			property	machinery	Totals
	COST
	At 1 January 2021		1,473,616	74,715	1,548,331
	Additions		3,494	17,220	20,714
	Disposals			(6,631)	(6,631)
	At 31December 2021		1,477,110	85,304	1,562,414
	DEPRECIATION
	At 1 January 2021		836,165	59,294	895,459
	Charge for year		39,421	10,793	50,214
	Eliminated on disposal			(6,631)	(6,631)
	At 31December 2021		875,586	63,456	939,042
	NET BOOK VALUE
	At 31December 2021		601,524	21,848	623,372
	At 31December 2020		637,451	15,421	652,872
13.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 January 2021
	and 31December 2021				560,000
	NET BOOK VALUE
	At 31December 2021				560,000
	At 31December 2020				560,000
	Fair value at 31December 2021 is represented	by:
	Valuation in 2009				201,430
	Valuation in 2017				215,000
	Valuation in 2019				25,000

31.12.21	31.12.20
108,570	108,570

DEB	TORS:AMOUNTS FALLING DUE WITHIN	ONE YEAR
		31.12.21	31.12.20
Fees	outstanding	9,404	7,916
Other	debtors and prepayments	21,006	24,188
		30,410	32,104

		31.12.21	31.12.20
Bank loans and overdrafts	(see note 17)	40,115	16,829
Trade creditors		38,320	37,898
Social security and other	taxes	22,658	22,467
Other creditors		11,275	5,393
Deferred income		67,768	62,804
Accruals		25,928	23,634
		206,064	169,025

	Deferred income includes local authority funding received in (2020:K56,639).	Deferred income includes local authority funding received in (2020:K56,639).	advance of the next ter	m of f55,
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE		THAN ONE YEAR
			31.12.21	31.12.20
	Bank loans	(see note 17)	297,033	139,113
17.	LOANS
	An analysis	ofthe maturity ofloans is given below:
			31.12.21	31.12.20
	Amounts falling due within one year on demand:
	Bank loans		40,115	16,829
	Amounts falling between one and two years:
	Bank loans	- 1-2years	55,936	17,215
	Amounts falling due between two and five years:
	Bank loans	- 2-5 years	177,614	54,039
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr by instal	63,483	67,859

		31.12.21	31.12.20
	Within one year	5,859	6,429
	Between one and five years	10,719	16,578
		16,578	23,007
19.	MOVEMENT IN FUNDS

					Net	Transfers
					movement	between	At
				At 1.1.21	in funds	funds	31.12.21
Unrestricted	funds
General Fund - Other				902,659	90,395	(120,320)	872,734
General Fund - Revaluation			Reserve	451,430			451,430
Designated	-Maintenance		Fund	253,000	(202,720)	117,920	168,200
Designated	-Parental	Fundraising		2,095	181		2,276
Designated	-Bursary			8,647		2,400	11,047
				1,617,831	(112,144)		1,505,687
TOTAL FUNDS				1,617,831	(112,144)		1,505,687

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General Fund - Other				2,036,580	(1,946,185)	90,395
Designated	-Maintenance		Fund		(202,720)	(202,720)
Designated	-Parental	Fundraising		2,055	(1,874)	181
				2,038,635	(2,150,779)	(112,144)
TOTAL FUNDS				2,038,635	(2,150,779)	(112,144)

					Net	Transfers
					movement	between	At
				At 1.1.20	in funds	funds	31.12.20
Unrestricted	funds
General Fund - Other				765,531	(30,020)	167,148	902,659
General Fund - Revaluation			Reserve	441,430	10,000		451,430
Designated	-Maintenance		Fund	465,150	(42,602)	(169,548)	253,000
Designated	-Parental	Fundraising		2,237	(142)		2,095
Designated	-Bursary			6,247		2,400	8,647
				1,680,595	(62,764)		1,617,831
TOTAL FUNDS				1,680,595	(62,764)		1,617,831

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted	funds
General Fund - Other				1,845,631	(1,875,651)		(30,020)
General Fund - Revaluation			Reserve			10,000	10,000
Designated	-Maintenance		Fund		(42,602)		(42,602)
Designated	-Parental	Fundraising		50	(192)		(142)
				1,845,681	(1,918,445)	10,000	(62,764)
TOTAL FUNDS				1,845,681	(1,918,445)	10,000	(62,764)

	TRA	DING AS CHILTERN NURSERY AND TRAINING COLLEGE	DING AS CHILTERN NURSERY AND TRAINING COLLEGE	DING AS CHILTERN NURSERY AND TRAINING COLLEGE
		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
			FOR THE YEAR ENDED 31DECEMBER 2021
				31.12.21	31.12.20
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations				2,055	50
Investment income
Rents receivable				42,000	47,474
Charitable activities
Parent contributions				1,627,647	1,126,822
Local authority	funding			284,888	340,609
Other funding				18,378	11,885
				1,930,913	1,479,316
Government grants
Coronavirus job	retention		scheme	60,217	318,841
Business interruption		payment		3,450
				63,667	318,841
Total incoming	resources			2,038,635	1,845,681
EXPENDITURE
Charitable activities
Wages				1,239,320	1,275,778
Social security				90,794	86,754
Pensions				31,179	26,438
Agency staff costs					42,812
Direct costs				36,533	16,405
Catering				206,861	148,175
Housekeeping				67,874	49,468
Premises				116,957	88,806
Maintenance				220,448	53,031
Admin				25,010	203
Photo copying				3,747	3,613
General college				18,873	24,571
Office				12,478	10,049
Marketing				3,567	41
Bank charges				90	90
Carried forward				2,073,731	1,826,234

		FOR THE YEAR ENDED 31D	ECEMBER 2021
			31.12.21	31.12.20
Charitable activities
Brought forward			2,073,731	1,826,234
Legal &professional	fees		10,590	11,454
Auditors' remuneration	-	audit fee	6,743	4,837
Auditors' remuneration	-	other services	2,692	2,168
Freehold property			39,421	56,475
Plant and machinery			10,794	13,295
Bank loan interest			6,808	3,982
			2,150,779	1,918,445
Total resources expended			2,150,779	1,918,445
Net expenditure before		gains and losses	(112,144)	(72,764)
Unrealised gains/losses
Net gains on investment		property		10,000
Net expenditure			(112,144)	(62,764)