2021-08-31-accounts - ACE Nursery School (Cambridge) Limited

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CONTENTS:
			PAGE:
Directors Report			1-9
Independent Examiners Report			10
Statement ofFinancial Activities
Balance Sheet			12
Statement ofCash Flows			13
Notes to the Financial Statements			14-20
The following pages do not form	part ofthe Statutory	Financial Statements:
Detailed Income and Expenditure	Accounts		21-22

Cash		2021	2020
Various accounts shown in note 15ofthe financial	statements	8174,307	Z171,974
~Euities		Market	Market
		Value	Value
		2021	2020
British Land Company Plc	8,581 shares valued at	845,557	830,789
Henderson Far East Income Ltd	25,295 shares valued at	875,885	876,644
Keystone Investments Trust Pic	31,130 shares valued at	f.111,445	880,004
Shires Income Pic	20,106 shares valued at	855,794	843,529
Henderson High Income Trust Pic	39,373 shares valued at	f69,985	$52,169
F&C Investment Trust Pic	8,447 shares valued at	f75,432	f39,995
Total value		8434,098	8323,130

The directors, who	The directors, who	are also	members of	the Management	Committee,	Committee,	who were in office during the year	were as follows:
LTuohy				N Vaisset	(resigned	12/11/20)	J Sweeney (appointed	12/11/20)
SPiotrowski				H Beckett			J Rebling (appointed	12/11/20)
I Sims Williams	(resigned		12/11/20)	H Greene			A Masefield (appointed 12/11/20)
IFreeman (resigned		12/11/20)		SRichey			EKirk (appointed (12/11/20)
RHumphrey				T Saigol
SGold				A Walter
W Kelly				LZhukovskaya

			Note
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
INCOME FROM:
Grants and donations				3995	700	4695	83309	300	83609
Charitable income				622359		622359	494591		494591
Investment income				19300		19301	19346		19352
				645654	701	646355	597246	306	597552
EXPENDITURE		ON:
Investment fees				186		186	163		163
Raising funds							1237		1237
Charitable activities				637890	3200	641090	592201	3200	595401
				638076	3200	641276	593601	3200	596801
Net income before		gains on
investments			10	7578	(2499)	5079	3645	(2894)	751
Net gains/(losses)	on investment		12
assets				90000		90000	(73417)		(73417)
Net movement before transfers				97578	(2499)	95079	(69772)	(2894)	(72666)
Transfers between		funds					2110	(2110)
Net movement in funds				97578	(2499)	95079	(67662)	(5004)	(72666)
Reconciliation of	funds
Total funds brought		forward		462218	21268	483486	529880	26272	556152
Total funds carried		forward		559796	18769	578565	462218	21268	483486

								Total	Total
								Funds	Funds
								2021	2020
							Note
Cash Flows from Operating		Activities:
Net cash provided by/(used	in) operating			activities			23	7099	(26576)
Cash Flows from Investing		Activities
Dividends and Interest Irom		Investments						19301	19352
Investment/dealing costs								(186)	(163)
Purchase ofFixed Assets								(2913)	(2110)
Purchase ofInvestments								(20968)	(13465)
Net Cash Provided by Investing			Activities					(4766)	3614
Change in cash and cash equivalents in the reporting					period			2333	(22962)
Cash and cash equivalents	at	the	beginning	ofthe reporting		period		171974	194936
Cash and cash equivalents	at	the	end ofthe reporting		period			174307	171974


GRANTS AND DON	ATIONS	Unrestricted	Restricted	Total
		Funds	Funds	2021
		6	6
CURRENT YEAR
Grants - CCC - Graduate Leader Fund		1650		1650
-CCC -SEND	Bursary
- Job Retention	Scheme grant	523		523
Donations		1822	700	2522
		3995	700	4695
		Unrestricted	Restricted	Total
		Funds	Funds	2020
		6
PRIOR YEAR
Grants - CCC - Graduate Leader Fund		1900		1900
- CCC - SEND	Bursary	500		500
-Job Retention	Scheme grant	79339		79339
Donations		1570	300	1870
		83309	300	83609

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
									f
	Nursery School fees			364823		364823	317953		317953
	Day Nwsety School fees			257507		257507	175505		175505
	Fundraising			29		29	1101		1101
	Commission received						32		32
				622359		622359	494591		494591
5.	INVESTMENT INCOME			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
	Bank interest received			16	1	17		6	6
	Dividends received			19284		19284	17753		17753
	Fixed term deposits						1593		1593
				19300		19301	19346	6	19352
	EXPENDITURE ON RAISING FUNDS			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
						f.	6
	Fundraising expenses						1237		1237
	ANALYIS OF CHARITABLE ACTIVITIES			Direct	Support		Direct	Support
				Costs	Costs	Total	Costs	Costs	Total
				(Note 8)	(Note 9)	2021	(Note 8)	(Note 9)	2020
	Charitable activities			534820	106270	641090	485169	110232	595401
8.	DIRECT COSTS			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
	Salaries, national insurance	and	pension (Note 11)	521225		521225	474519		474519
	Toys and snacks			12865		12865	9691		9691
	Trips and activities			730		730	959		959
				534820		534820	485169		485169
9.	SUPPORT COSTS			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2021	Funds	Funds	2020
									8
	Rent, rates and insurance			56207		56207	57286		57286
	Light, heat and telephone			6740		6740	6311		6311
	Repairs and renewals			6701		6701	14098		14098
	Household and cleaning			10300		10300	8082		8082
	Administration, staff training		and welfare	15016		15016	14657		14657
	Bank charges			320		320	420		420
	Sundry expenses			1292		1292	751		751
	Legal fees			720		720
	Depreciation			3342	3200	6542	3123	3200	6323
	Governance costs
	Independent examiners	fee		2432		2432	2304		2304
				103070	3200	106270	107032	3200	110232


NKT INCOME FOR THK YEAR				2021	2020
This is stated after charging:
Independent Examination fee				2432	2304
Depreciation offixed assets owned by the company				6542	6323
Operating lease rentals				48478	48478
STAFF COSTS AND DIRECTORS REMUNERATION
The total staff costs for the year were:				2021	2020
					8
Wages and salaries				457579	420354
Employers National Insurance				35463	30644
Employers pension contributions				28183	23521
				521225	474519
The average monthly number ofemployees,	including	directors,	during the year was as follows:
				2021	2020
Direct charitable work				20	19
Administrative				2	2
				22	21

13.	TANGIBLE FIXEDASSETS		Leasehold	Furniture &
	CURRENT YEAR		Improvements	Equipment	Total
	COST
	Balance at 1st September 2020		103726	18529	122255
	Additions			2913	2913
	Balance at 31stAugust 2021		103726	21442	125168
	DEPRECIATION
	Balance at 1st September 2020		86850	14268	101118
	Charge for the year		5567	975	6542
	Balance at 31stAugust 2021		92417	15243	107660
	NET BOOK VALUE AT 31stAugust 2021		11309	6199	17508
	NET BOOK VALUE AT 31stAugust 2020		16876	4261	21137
	TANGIBLE FIXEDASSETS		Leasehold	Furniture &
	PRIOR YEAR	Improvements		Equipmentf	Total f.
	COST
	Balance at 1st September 2019		103726	16419	120145
	Additions			2110	2110
	Balance at 31stAugust 2020		103726	18529	122255
	DEPRECIATION
	Balance at 1st September 2019		81283	13512	94795
	Charge for the year		5567	756	6323
	Balance at 31st August 2020		86850	14268	101118
	NET BOOK VALUE AT 31stAugust 2020		16876	4261	21137
	NET BOOK VALUE AT 31stAugust 2019		22443	2907	25350
14.	DEBTORS	2021		2020
		Due within	Due after	Due within	Due after
		one year	one year	one year	one year
		6
	Trade debtors	438		160
	Payments in advance	3484	2000	3477	2000
	Other debtors			13542
		3922	2000	17179	2000
15.	CASH AT BANK AND IN HAND			2021	2020
					f,
	Fee account			106055	125685
	Current accounts (including day nursery deposits and monies held in advance			50683	27527
	referred to in note 16)
	Bursary account			12635	11934
	Petty cash			161	185
	IG Income account			4773	6643
				174307	171974


CREDITORS	2021	2020
	Due within	Due within
	one year	one year
		f.
Accruals and deferred income	53270	51934

						2021	2020
Expiry date:			Between one to five years			30155	42633
		: In more than five years				592099	576000
						622254	618633
ANALYSIS			OF NET ASSETSBETWEEN FUNDS			Restricted
					Restricted	Day
				Unrestricted	Bursary	Nursery
CURRENT			YEAR	Fund	Fund	Fund	Total
					f.	f.
Investments				434098			434098
Tangible	fixed assets			11374		6134	17508
Net current		assets		114324	12635		126959
				559796	12635	6134	578565
						Restricted
					Restricted	Day
				Unrestricted	Bursary	Nursery
PRIOR	YEAR			Fund	Fund	Fund	Total
Investments				323130			323130
Tangible	fixed assets			11803		9334	21137
Net current		assets		127285	11934		139219
				462218	11934	9334	483486

STATEMENT OF FUNDS	STATEMENT OF FUNDS	At		Gains/(losses)	Gains/(losses)		At
CURRENT YEAR		1st Septeinber			on	31stAugust
		2020	Income	Expenditure	Investments	Transfers	2021
Restricted funds:
Bursary Fund		11934	701				12635
Day Nursery Fund		9334		(3200)			6134
Total restricted funds		21268	701	(3200)			18769
Unrestricted funds:
General funds		460888	643932	(636746)	90000		558074
Designated - Leavers' fund		1330	1722	(1330)			1722
Total unrestricted	funds	462218	645654	(638076)	90000		559796
Total funds		483486	646355	(641276)	90000		578565
		At					At
PRIOR YEAR		1st September			Losses on	31st	August
		2019	Income	Expenditure	Investments	Transfers	2020
Restricted funds:			f.	f.
Bursary Fund		13738	306			(2110)	11934
Day Nursery Fund		12534		(3200)			9334
Total restricted funds		26272	306	(3200)		(2110)	21268
Unrestricted funds:
General funds		529880	595916	(593601)	(73417)	2110	460888
Designated -Leavers' fund			1330				1330
Total unrestricted	funds	529880	597246	(593601)	(73417)	2110	462218
Total funds		556152	597552	(596801)	(73417)	-	483486

ACTIVITIES				2021	2020
Net income/(expenditure)		for the reporting	period	95079	(72666)
Adjusted for:
Depreciation charges				6542	6323
Dividends and Interest	&om investments			(19301)	(19352)
Investment/dealing costs				186	163
Unrealised (gain)/loss	in	the year		(90000)	73417
(Increase)/decrease in	debtors			13257	(8919)
(Decrease)/increase in	creditors			1336	(5542)
				7099	(26576)