**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name SUN BABIES NURSERIES TRUST **members of On accounts for the year** 31/03/2021 **Charity no** 268423 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/03/2021** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable 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.
**Signed: Date:** 25/01/2022 **Name:** LARA DEL FABBRO **Relevant professional** CA(SA) - SOUTH AFRICAN INSTITUTE OF CHARTERED **qualification(s) or body** ACCOUNTANTS **(if any): Address:** 3 FLEXLANDS PLACE SURREY GU24 8BG
**Oct 2018**
1
**IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
2
**IER**
**SUN BABIES NURSERY TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021**
## **SUN BABIES NURSERY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **1. Trustees**
The Trustees during the year were: Samantha Lloyd (Chair) Esther Rank Joannie Andrews Councillor Rob Chapman Tom Ebbutt
All Trustees are appointed until September 2022, with the exception of Tom Ebutt, who is appointed until September 2023. All Trustees were appointed by the London Borough of Hackney.
Throughout the 2021 financial year Terry Conway was the Treasurer and Shirley Paul was the Secretary. Terrry Conway retired from his position as Treasurer effective 01 April 2021, and has been replaced by Caley von Hoesslin.
## **2. Registered Charity Number**
The Charity is called the Sun Babies Nursery and its register number is 268423. It was established by Deed of Declaration of Trust made on 3rd June 1941.
## **3. Contact**
**The contact address of the Honorary Treasurer is:**
247 Fulham Palace Road
Flat 2
London SW6 6TP
## **4. Bankers**
National Wesminster Bank plc, Moorgate (A) Branch, 94 Moorgate, London EC2M 6UR.
## **5. Objects**
The charity has been established for the maintenance of a nursery or a creche or other child welfare purposes for the benefit of infants and children residing in Hoxton and the neighbourhood.
The Trustees follow the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives in planning for future activities.
## **6. Independent Examination of Accounts**
Lara Del Fabbro (CA (SA)) was appointed to carry out an Independent Examination of the 2020/2021 accounts. Their report follows the Trustees report.
## **7. Statement of the Trustees Responsibility in Respect of the**
## **Accounts**
The law applicable to charities in England & Wales 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 resource and application of resources of the charity and for that period.
In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement;
- Prepare the financial statements on the on the going basis unless it is inappropriate to presume that the charity will continue in operation.
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 Deed. They 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.
## **8. Review of the Activities**
The trust continued to receive rental income from it’s property during the course of the year. Grants awarded during the year amounted to £62,020.
## **SUN BABIES NURSERY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **9. Investment Policy**
The policy of the Trustees is to invest in a way that ensures sufficient fund are available to allow the Trust to continue to carry out its objectives.
## **10. Reserve Policy**
The reserves are all unrestricted. The Trustees continue to apply the income for the objects of the Trust. The Trustees have adopted a policy of giving grants to groups within Hoxton and its neighbourhood and therefore do not expect the reserves of the charity to increase as they have done in the past.
## **11. Risk Policy**
The Trustees have considered the major risks facing the Charity and have ensured that the terms of the lease and the terms of the insurance policies held by the Charity continue to deal with the major risks.
This report was approved by the Trustees and signed on their behalf by:
Trustees: Trustees: Date: Date: 01/28/2022 01/28/2022
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Notes**
**INCOMING RESOURCES**
_Incoming resources from generated funds:_
Investment Income
2
Incoming resources from charitable activities
**Total incoming reserves**
**RESOURCES EXPENDED**
_Cost of generating funds:_
Charitable Activities:
Grants
3
Honoraria
Other Expenses
Professional expenses
Governance Costs:
Audit and Accountancy
11
**Total resources expended**
**Net resources before other recognised gains/(losses)**
_Other recognised gains/(losses ):_
Reclassification of gains/(losses)
**NET MOVEMENT IN FUNDS**
Total funds brought forward 01 April 2020
Total funds carried forward 31 March 2021|**2021**
**2020**
**£**
**£**
481
1,424
161,500
161,500|
|---|---|
||**161,981**
**162,924**
62,020
55,800
650
500
679
1,009
5,892
4,419
420
360|
||**69,661**
**62,088**
**92,320**
**100,836**
-
-|
||**92,320**
**100,836**|
||345,088
244,252
437,408
345,088|
|**STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES**|**STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES**|**STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES**|||
|---|---|---|---|---|
|**FOR THE YEAR ENDED 31 MARCH 2021**|||||
|||**2021**||**2020**|
|||**£**|**£**||
|Gains for the year||92,320||100,836|
|Increase/(decrease) in value of investments|
5|1,809||(574)|
|**Total recognised gains and (losses)**||**94,129**||**100,262**|
## **SUN BABIES NURSERY TRUST BALANCE SHEET AS AT 31 MARCH 2021**
|**SUN BABIES NURSERY TRUST**
**BALANCE SHEET**
**AS AT 31 MARCH 2021**||
|---|---|
|**Notes**
Fixed Assets
Tangible assets
4
Investments
5
Current Assets
Short term deposits
Cash at bank
Debtor
6
Less Creditors: Amounts falling due within one year
7
Less Creditors: Amounts falling due after more than one year
**Net Assets**
**Funded by:**
**Accumulated Surplus**
**Revaluation Reserve**
9|**2021**
**2020**
**£**
**£**
19,519
19,519
10,164
8,355|
||**29,683**
**27,874**
191,528
291,238
169,245
31,608
67,292
-|
||**428,065**
**322,846**
(6,900)
(150)
-
-|
||**450,847**
**350,570**|
||**443,557**
**345,088**
**7,291**
**5,482**|
The financial statements (pages 4 - 10) were approved by the Trustees and signed-off on their behalf.
_Trustee: Trustee: Hon Treasurer: Date:_ 28/01/2022
## **SUN BABIES NURSERY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. PRINCIPAL ACCOUNTING POLICIES**
Basis of accounting:
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” published in 2005 and comply with the Charities (Accounts and Reports) Regulations 2008.
## Rental income:
Rent is accounted for on an accruals basis.
## Investments:
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains/losses arising on revaluations and disposals throughout the year.
|**2. INVESTMENT INCOME**
Dividends and interest received from listed investments and authorised
units
**3. GRANTS**
De Beauvoir Primary School
Hackney Playbus
Ivy Street Centre Family Centre Trust
London Fields Primary School
Mapledene and Queensbridge Community Centre
One World Nursery-New City College (Hackney)
Queensbridge Primary School
Randal Cremer Primary School
Shoreditch Park Primary School
St. John the Baptist Primary School
St. Mary’s Secret Garden
St. Monica’s Catholic Primary School
Thomas Fairchild Community School|**2021**
**2020**
**£**
**£**
481
324|
|---|---|
||**481**
**324**|
||7,000
5,000
7,000
5,000
6,953
3,800
7,000
5,000
1,697
-
-
5,000
5,000
5,000
-
2,000
7,000
5,000
-
5,000
6,470
5,000
7,000
5,000
6,900
5,000|
||**62,020**
**55,800**|
|**4. FIXED ASSETS**
COST
At 01 April 2020
Additions
At 31 March 2021
DEPRECIATION
At 01 April 2020
Change
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020|**Freehold**
**Land and**
**buildings**
**Total**
**£**
**£**
119,519
119,519
-
-|
|---|---|
||119,519
119,519|
||100,000
100,000
-
-|
||100,000
100,000|
||**19,519**
**19,519**
**19,519**
**19,519**|
## **SUN BABIES NURSERY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **5. FIXED ASSET INVESTMENT**
|**5. FIXED ASSET INVESTMENT**
At 01 April 2020
Increase/(Decrease) in value of investments
At 31 March 2021
Investments consist of non-listed investments. Investments are stated at
market value. Cost £2,859 (2020: £2,859).
**6. DEBTORS**
Rent
**7. CREDITORS - Amounts falling due within one year**
Accruals and deferred expenditure
Grant
**8. CREDITORS - Amounts falling due after more than one year**
Other creditors
**8. REVALUATION RESERVE**
At 01 April 2020
Increase/(Decrease) in vlaue of investments
At 31 March 2021
**10. TRUSTEE EXPENSES**
During the year total expenses of £150 were paid to one Trustee.
(2020: Total expenses of £150 were paid to one Trustee)
**11. GOVERNANCE**
Audit and accountancy|**2021**
**2020**
**£**
**£**
8,355
8,929
1,809
(574)|
|---|---|
||**10,164**
**8,355**|
||**2021**
**2020**
**£**
**£**
67,292
-
**2021**
**2020**
**£**
**£**
-
(150)
(6,900)
-|
||**(6,900)**
**(150)**|
||**2021**
**2020**
**£**
**£**
-
-
**2021**
**2020**
**£**
**£**
5,482
6,056
1,809
(574)|
||**7,291**
**5,482**|
||**2021**
**2020**
**£**
**£**
420
360|
## **Audit Trail**
DigiSigner Document ID: a295d42d-d517-4396-98c7-8f55fea28739
## **Signer**
Email: caley.vonhoesslin@kpmg.co.uk IP Address: 158.180.192.10
## **Signature**
Email: lloydsamantha@hotmail.com IP Address: 82.69.29.12
Email: tom@tomebbutt.com IP Address: 80.42.97.225
Email: tom@tomebbutt.com IP Address: 80.42.97.225
Email: lloydsamantha@hotmail.com IP Address: 82.69.29.12
## **Event**
## **User**
## **Time**
Upload document caley.vonhoesslin@kpmg.co.uk 28/01/22 05:47:31 EST Open document caley.vonhoesslin@kpmg.co.uk 28/01/22 05:47:49 EST Sign document caley.vonhoesslin@kpmg.co.uk 28/01/22 05:48:27 EST Close document caley.vonhoesslin@kpmg.co. 28/01/22 05:48:27 EST uk Send for signing caley.vonhoesslin@kpmg.co.uk 28/01/22 05:50:34 EST Open document lloydsamantha@hotmail.com 28/01/22 05:53:44 EST Open document lloydsamantha@hotmail.com 28/01/22 05:54:19 EST Sign document lloydsamantha@hotmail.com 28/01/22 05:54:50 EST Close document lloydsamantha@hotmail.com 28/01/22 05:54:50 EST Open document caley.vonhoesslin@kpmg.co.uk 28/01/22 05:55:52 EST Send for signing caley.vonhoesslin@kpmg.co.uk 28/01/22 07:09:41 EST Open document caley.vonhoesslin@kpmg.co.uk 28/01/22 07:10:26 EST Open document tom@tomebbutt.com 28/01/22 07:33:21 EST Sign document tom@tomebbutt.com 28/01/22 07:35:48 EST Close document tom@tomebbutt.com 28/01/22 07:35:48 EST Open document caley.vonhoesslin@kpmg.co.uk 28/01/22 07:46:15 EST Resend for signing caley.vonhoesslin@kpmg.co.uk 28/01/22 09:19:49 EST Open document lloydsamantha@hotmail.com 28/01/22 10:39:39 EST
## **IP Address**
158.180.192.10 158.180.192.10 158.180.192.10 158.180.192.10 158.180.192.10 82.69.29.12 51.120.128.58 82.69.29.12 82.69.29.12 158.180.192.10 158.180.192.10 158.180.192.10 80.42.97.225 80.42.97.225 80.42.97.225
158.180.192.10 158.180.192.10 82.69.29.12
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