2022-12-31-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

		FOR THE YE	AR EN	DED 31DEC	EMBER 2022
						31.12.22	31.12.21
				Designated	General	Total	Total
				funds	fund	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		4	2,139		2,139	2,055
Charitable	activities
Childcare activities					2,120,897	2,120,897	1,930,913
Investment	income				42,000	42,000	42,000
Government	grants				1,960	1,960	63,667
Total				2,139	2,164,857	2,166,996	2,038,635
EXPENDITURE ON
Charitable	activities
Teaching and nursery costs				1,494	1,521,476	1,522,970	1,454,333
Premises				39,098	204,383	243,481	407,112
Support costs					268,263	268,263	279,899
Governance	costs				7,920	7,920	9,435
Total				40,592	2,002,042	2,042,634	2,150,779
NET INCOME/(EXPENDITURE)				(38,453)	162,815	124,362	(112,144)
Transfers	between funds		19	26,748	(26,748)
Net movement in funds				(11,705)	136,067	124,362	(112,144)
RECONCILIATION		OF FUNDS
Total funds	brought forward			181,523	1,324,164	1,505,687	1,617,831
TOTAL FUNDS CARRIED FORWARD				169,818	1,460,231	1,630,049	1,505,687

				31.12.22	31.12.21
		Designated	General	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12		586,077	586,077	623,372
Investment property	13		560,000	560,000	560,000
			1,146,077	1,146,077	1,183,372
CURRENT ASSETS
Debtors	14		32,780	32,780	30,410
Cash at bank and in hand		169,818	567,172	736,990	795,002
		169,818	599,952	769,770	825,412
CREDITORS
Amounts falling due within one year	15		(181,325)	(181,325)	(206,064)
NET CURRENT ASSETS		169,818	418,627	588,445	619,348
TOTAL ASSETSLESSCURRENT
LIABILITIES		169,818	1,564,704	1,734,522	1,802,720
CREDITORS
Amounts falling due after more than one
year	16		(104,473)	(104,473)	(297,033)
NET ASSETS		169,818	1,460,231	1,630,049	1,505,687
FUNDS	19
Unrestricted funds				1,630,049	1,505,687
TOTAL FUNDS				1,630,049	1,505,687

	F	OR THE	YEAR ENDED 3	1DECEMBER 2022
				31.12.22	31.12.21
		Notes
Cash flows from operating	activities
Cash generated from operations				137,927	(81,674)
Net cash provided by/(used	in)	operating	activities	137,927	(81,674)
Cash flows from investing	activities
Purchase oftangible fixed assets				(15,590)	(20,714)
Investment income				42,000	42,000
Net cash provided by investing		activities		26,410	21,286
Cash flows from financing	activities
New loans in year					194,590
Loan repayments in year				(216,599)	(16,835)
Loan interest paid				(5,750)	(3,358)
Net cash (used in)/provided	by	financing	activities	(222,349)	174,397
Change in cash and cash equivalents
in the reporting period				(58,012)	114,009
Cash and cash equivalents	at	the
beginning ofthe reporting	period			795,002	680,993
Cash and cash equivalents	at	the end
ofthe reporting period				736,990	795,002

	OPERATING AC	TIVITI	ES
						31.12.22	31.12.21
	Net income/(expenditure)		for the reporting		period (as per the
	Statement ofFinancial Activities)					124,362	(112,144)
	Adjustments for:
	Depreciation charges					52,885	50,215
	Investment income					(42,000)	(42,000)
	Interest payable					5,750	6,808
	(Increase)/decrease	in debtors				(2,370)	1,694
	(Decrease)/increase	in creditors				(700)	13,753
	Net cash provided	by/(used		in) operations		137,927	(81,674)
2.	ANALYSIS OF CHANGES			IN NET FUNDS

			At 1.1.22	Cash flow	At 31.12.22
Net cash
Cash at bank and in hand			795,002	(58,012)	736,990
			795,002	(58,012)	736,990
Debt
Debts falling due within		1 year	(40,115)	24,039	(16,076)
Debts falling due after	1	year	(297,033)	192,560	(104,473)
			(337,148)	216,599	(120,549)
Total			457,854	158,587	616,441

					31.12.22	31.12.21
	Donations				2,139	2,055
5.	INVESTMENT	INCOME
					31.12.22	31.12.21
	Rents receivable				42,000	42,000
6.	INCOME FROM CHARITABLE ACTIVITIES
					31.12.22	31.12.21
			Activity
	Parent contributions		Childcare	activities	1,842,418	1,627,647
	Local authority	funding	Childcare	activities	271,419	284,888
	Other funding		Childcare	activities	7,060	18,378
					2,120,897	1,930,913

				Depreciatio
2022		Staff Costs	Other	n	Total
Nursery costs		1,174,170	348,800		1,522,970
Premises		29,570	173,907	40,004	243,481
Support costs		178,217	77,165	12,881	268,263
Governance	costs		7,920		7,920
		1,381,957	607,792	52,885	2,042,634

				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

			31.12.22	31.12.21
Depreciation -owned		assets	52,885	50,214
Bank loan	interest payable		5,750	6,808
Auditors'	remuneration	- audit fee	5,640	6,743
Auditors'	remuneration	-non audit	2,280	2,692

STAF	F COSTS
		31.12.22	31.12.21
Wages	and salaries	1,259,935	1,239,320
Social	security	97,836	90,794
Other	pension	24,186	31,179
		1,381,957	1,361,293

					31.12.22	31.12.21
Teaching	and	child	welfare	staff	56	53
Others					8	7
					64	60

					31.12.22	31.12.21
Aggregate	employee	costs ofthe senior	management	team (including
salary, benefits, pension contributions			and national	insurance)	181,758	187,462

	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was 1 (2021 - nil).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was 1 (2021 - nil).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was 1 (2021 - nil).	The number ofemployees whose benefits (excluding employer pension costs) were betw and 670,000 was 1 (2021 - nil).	een 560,00
11.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Designated	General	Total
			funds	fund	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		2,055		2,055
	Charitable activities
	Childcare activities			1,930,913	1,930,913
	Investment income			42,000	42,000
	Government grants			63,667	63,667
	Total		2,055	2,036,580	2,038,635
	EXPENDITURE ON
	Charitable activities
	Teaching and nursery costs		1,874	1,452,459	1,454,333
	Premises		202,720	204,392	407,112
	Support costs			279,899	279,899
	Governance costs			9,435	9,435
	Total		204,594	1,946,185	2,150,779
	NET INCOME/(EXPENDITURE)		(202,539)	90,395	(112,144)
	Transfers between funds		120,320	(120,320)
	Net movement in funds		(82,219)	(29,925)	(112,144)
	RECONCILIATION	OF FUNDS
	Total funds brought forward		263,742	1,354,089	1,617,831
	TOTAL FUNDS CARRIED
	FORWARD		181,523	1,324,164	1,505,687

12.	TANGIBLE FIXEDASSETS
			Freehold	Plant and
			property	machinery	Totals
	COST
	At 1 January 2022		1,477,110	85,304	1,562,414
	Additions			15,590	15,590
	At 31December 2022		1,477,110	100,894	1,578,004
	DEPRECIATION
	At 1 January 2022		875,586	63,456	939,042
	Charge for year		40,004	12,881	52,885
	At 31December 2022		915,590	76,337	991,927
	NET BOOK VALUE
	At 31December 2022		561,520	24,557	586,077
	At 31December 2021		601,524	21,848	623,372
13.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 January 2022
	and 31December 2022				560,000
	NET BOOK VALUE
	At 31December 2022				560,000
	At 31December 2021				560,000
	Fair value at 31December 2022 is represented	by:
	Valuation in 2009				201,430
	Valuation in 2017				215,000
	Valuation in 2019				25,000
	Valuation in 2020				10,000
	Cost				108,570
					560,000

DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		31.12.22	31.12.21
Fees outstanding		3,460	9,404
Other debtors and prepayments		29,320	21,006
		32,780	30,410
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.22	31.12.21
Bank loans and overdrafts	(see note 17)	16,076	40,115
Trade creditors		35,520	38,320
Social security and other	taxes	20,389	22,658
Other creditors		9,814	11,275
Deferred income		71,857	67,768
Accruals		27,669	25,928
		181,325	206,064

	FOR THE YEAR ENDED 31DECEMB	FOR THE YEAR ENDED 31DECEMB	ER 2022
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE		THAN ONE YEAR
			31.12.22	31.12.21
	Bank loans	(see note 17)	104,473	297,033
17.	LOANS
	An analysis	ofthe maturity ofloans is given below:
			31.12.22	31.12.21
	Amounts falling due within one year on demand:
	Bank loans		16,076	40,115
	Amounts falling between one and two years:
	Bank loans	- 1-2years	17,010	55,936
	Amounts falling due between two and five years:
	Bank loans	- 2-5 years	57,191	177,614
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr by instal	30,272	63,483

	31.12.22	31.12.21
Within one year	4,149	5,859
Between one and five years	6,570	10,719
	10,719	16,578

				Net	Transfers
				movement	between	At
			At 1.1.22	in funds	funds	31.12.22
Unrestricted	funds
General Fund - Other			872,734	162,815	(26,748)	1,008,801
General Fund - Revaluation		Reserve	451,430			451,430
Designated	-Maintenance	Fund	168,200	(39,098)	25,398	154,500
Designated	-Parental Fundraising		2,276	645	(1,050)	1,871
Designated	-Bursary		11,047		2,400	13,447
			1,505,687	124,362		1,630,049
TOTAL FUNDS			1,505,687	124,362		1,630,049

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General Fund - Other				2,164,857	(2,002,042)	162,815
Designated	-Maintenance		Fund		(39,098)	(39,098)
Designated	-Parental	Fundraising		2,139	(1,494)	645
				2,166,996	(2,042,634)	124,362
TOTAL FUNDS				2,166,996	(2,042,634)	124,362

					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)

			FOR THE YEAR ENDED 3	1DECEMBER 2022
				31.12.22	31.12.21
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations				2,139	2,055
Investment income
Rents receivable				42,000	42,000
Charitable activities
Parent contributions				1,842,418	1,627,647
Local authority	funding			271,419	284,888
Other funding				7,060	18,378
				2,120,897	1,930,913
Government grants
Coronavirus job	retention		scheme		60,217
Business interruption		payment		1,960	3,450
				1,960	63,667
Total incoming	resources			2,166,996	2,038,635
EXPENDITURE
Charitable activities
Wages				1,259,935	1,239,320
Social security				97,836	90,794
Pensions				24,186	31,179
Direct costs				42,947	36,533
Catering				228,764	206,861
Housekeeping				79,493	67,874
Premises				114,446	116,957
Maintenance				57,057	220,448
Admin				20,144	25,010
Photocopying				4,668	3,747
General college				20,901	18,873
Office				11,970	12,478
Marketing				1,548	3,567
Bank charges				120	90
Legal &professional		fees		12,064	10,590
Carried forward				1,976,079	2,084,321

	FOR THE YEAR ENDED 31	DECEMBER 2022
		31.12.22	31.12.21
Charitable activities
Brought forward		1,976,079	2,084,321
Auditors' remuneration	- audit fee	5,640	6,743
Auditors' remuneration	-other services	2,280	2,692
Freehold property		40,004	39,421
Plant and machinery		12,881	10,794
Bank loan interest		5,750	6,808
		2,042,634	2,150,779
Total resources expended		2,042,634	2,150,779
Net income/(expenditure)		124,362	(112,144)