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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||||
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||||||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|
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||||||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|
##
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##
|||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)|
##
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||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)|