REGISTEItED COMPANY NUMBER.. 1x1787663 lE￿land and Wales) REGISTEREO CHARITY NUMBER.. 307010 REPORT OF THE TRUSTEES AN NCIAI STATEME1￿ R THE YEAR E14DED 31 AUGUST 2021 FIELD NURSERY SCHOOL SEAfORD 8reeie & Associates Ltd. Chartered Actountants 5 Comlield Tevrace EastboumÈ East Sussex 8N214NN *AB49NEVC' 1W0512022 . COMPANIES HOUSE MICKLEFIELD NURSERY SCHOOL SEAFORD CONTENTS OF THE FINANCIALSTATEMEiirs FOR THE YEAR ENDED 31AUGUST2021 Rèwt ot the Trustees Independent E¥amlner's Report Statementof Flnancial Artivities Statement of FiTrancknl Positron Notesto the Flnanclal 5taternents to 15 MICKLEFIELO NURSERY SCHOOL 5EAFORD REGISTERED NUMBER: C#)787663 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 A 21 The trustees who are also dirertors of the charity for the purposes of the Companies Act 2￿6, present their report with the financial statement5 of the charity for the year ended 31 Au8USt 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities." Stsiement ol Recommended Practice applicable io charities preparing their accounts in accorLlance vrith the Financial Reporting Standard applitable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECllVES AND ACTIVITIES object1￿$ and aims The tru5t'5 objectives are to provide educational Services. The poliry adopted in furtherance of these objectr¥es is to condurt an independant nursery sthool for boys and girls an(J there has been no ehan8e in this durin8 the year. 518nifitant aeis¥ftles On 1st September 1994 the senior school merged with Wadhur5t College. &nce that date the trust has continued purely as a nursery 5th001. ACAIEVEMÉNT AND Pf RFOAMANCÉ Chalitable artivities During the first National Lockdown during the COVID pandemic. Mlcklefield Nursery's senior stsff wothed incredibly hard to rnake the building COVID safe keep it5 doors open to Key Worker children. A small group of children and three staff attended the nursery during tenn time and the sthool holiday5 and the group was known as Ti8er Club,. which stood for bravery. cwrzge. stren8th and power. After the lockdown and the 5ucce5s of Ti8er aub. it w35 deuded to continue it as an early morning and afternoon club. FINANCIAL REVIEW Financial posit•Dn The financial results for the year show a surplus of £25.26812020.. £24.0681. Principal funding sourte5 The principal fundin8 sources are from 8rants and ￿lI10n fee5. Reserves pollcv The level ol reserves is £413.93712020: £388.6691. It is the policy of the tharity that uniestricted funds which have not been desi8ned for a Specific use should be maintained at a level equivalent to at leasi six months expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in fUnd￿Thg. they will be able to continue the tharity's current activities while congderation is 8i¥en to ways in which additional funds may be raised. Financial and risk management objeciives and polkies Financial sustainability IS the major risk for the trust. Financial risk 15 managed by a regular review of available liquid funds to settle debts as they fall due and artive management of incoming and outgoing re50urces to ensure sufficient workin8 capital by the trust. FUTURE PL4NS The trust's objecrive remain5 to provide the best educational seNices it can whilst strengthening our links to the community. Page I MICKLEFIEU> NURSERY SCHOOL SEAFORD REGISTERED NUMBER.. 00787663 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing docurnent The charity is controlled by its governing documenL a deed of trust and con5titute5 3 limited company. limited by guarantee. as defined by the Companies Act 2LN)6. The charity is constituted as a company lirnited by guarantee and is therefore 8ovemed by a memorandum and èrtitles of association. The trust is adrninistered by the Counal of Govemors who are trustees of the incorporated trust. Eligibility lor membership of the charity. and membership of the board of tr115tee5 is governed by the rnemorandum and articles of association. There are no restrictions in the 8overnin8 document on the operation of the charity or on its investment powers. gther than those imposed by general charity law. Re¢rultment and appolntment of new trustees The admission of new trustees Imembersl requires the apprcval of the Goveming Body which ha5 absolute discretion as to the admission of any person. Risk mana¥ement The trustees have 3 duty to identify and review the risk5 to which the charity is exposed and to ensure appropriate tontrols are in place to provide re350nable assurance against fraud ènd error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 00787663 IEn8land and Wales) Regbttred Charity numbtr 307010 Religiefed oflke Mitklefield Nursery Sthool Sutton Avenue Seaford East Sussex BN25 4LN Tiustees Mr5 M Stacey Trustee Mrs F Wright Trustee Mrs J Hanby Trustee Mr P Gallagher Trustee M5 A Buroni Trustee (appointed 2512120211 Ms E Piper Trustee (appointed 2512120211 Independent Examlner Breeze & Assotiate5 Ltd. Chartered Accountsnt5 5 Cornfield Terrace Ea5tbourne East Sussèx BN214NN Approved by order of the board of trustees on........... . and signed on its behalf bv= Page 2 MICKLEFIELD NURSERY SCHOOL SEAFORO REGISTERED NUMBER: 00787663 REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Mrs M Stacey- Tru Page 3 INDEPENDENT EXAMIP4ER'S REPORT TO THE TRUSTEES OF MICKLEFIELD NURSERY SCHOOL SEAFORD Indtpèndert examlnerfs report to thè trustees of Mickltfi•ld Nursery School Iseafordl Ilhe Company'l I report to the charity trustees on rny examination of the account5 of the Company for the year ended 31 Au8USt 2021. Resp0Tr5ibililies and ba515 of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 2￿61'the 2(KJ6 Act'l. Having satisfied myself that the accounts of thè Company are not ￿QUIred to be èudited under Part 16 01 the 2006 Aet and are eligible for independent examination. I report in respect of my examination of your charity'5 account5 as carried out under Section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions 8iven by the Charity Commission under section 145151 Ibl of the 2011 Art. Independent exam•ner's ststernent Since your charily's gross income exceeded £250.(KQ your examiner must be a member of a listed body. I can Confirm that l am qualified to undertake the examination because l am a registered member of Institute of Chartered Accountants in En8land and Wale5 which 15 one of the listed bodies. I have corrpleted my examination. I confirm that no matters have come to my attention in connection with the e¥amination giving me cause to beliewe= accounting ￿COrd$were not kept in re4)ect of the Company as required by section 386 of the 2CQ6 Art., or the accounts do nol accord with those records.. or the accounts do not comply with the accounting requ1￿Ments of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view whith is not a matter considered as part of an independent examinatson." or the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitses lapplicable to charities preparin8 their accounts in attordante with the Firnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have tome across no other Matters in connection with the examination to whith attention should be drawn in this report in Order to enable a proper under5tandin8 of the accounts to be reached. Chadotte Marsh Institute of Chartered Accountants in Englantl and Wale5 Breeze & ￿sOcIateS Ltd. Chartered Accountants 5 Comlield Terrace Ea5tbourne East Sussex 8N214NN z.q.i..o..37.2.Q.Z.2.... Pa8e 4 MICKLEFIELD NURSERY SCHI]OL SEAFORD STATEMENT OF FINAIICIAL ACTIVITIES FOR THE YÉAR ENDED 31AUGUST2021 PERIOD 118119 TO 3118120 Total funds YEAR ENDED 3118121 Total fund5 Unrestricted funds Aestrirted fund Notes INCOME AND ENDOWMENTS FROM Don3titsns and legacies 334 334 Chariiablè aCtI￿tIeS Operation of nursery 440.171 440.171 382,708 Other tradin8 auivities Investment incomè 1.037 467 1.037 467 2,183 638 Tot 442.wg 442.C¥YJ 385.529 EXPENDITURE ON Rai%n8 funds 733 733 992 Charhable artivities Operation ol nursery Operation of nursery 416,008 416.(K)8 360.469 Totsl 416.741 416.741 361.461 ET INCOME 25.268 25.268 24.(68 RECONCIUATION OF FUNDS Total funds brought forward 388.669 364.601 TOTAL FUNDS CARRIED FORWARD 413.877 413.937 388,669 The notes form yart of these financial statements Page 5 MICKLEFIELD N RSERY HOOL SEAFORD RE TERED NUMBER: ￿)787663 STATEMENT OF FINANCIAL POSITION 31AUGUST2021 2021 Total funds 2020 Total funds Unrestricted funds Restrirted fund Notes FIXEDASSETS Tangible assets 154.563 154.563 170.195 CURRENT ASSETS Stock5 Debtors Cash at bank antl in hand 50 8,440 259.860 50 12,576 216,8 io 8.440 259,8Crf) 268.290 268.350 229.426 CREDITORS Amounts falling due within one year li 18.9761 18.9761 110,9S21 NET CURRENT A55ETS 259.314 259,374 218,474 TOTALASSETS LE￿ CURRENT LIA8111TIES 413.877 413.937 388,669 NET ASSETS 413.877 413.937 388,669 FUNOS Unrestricted funds Restricted funds 13 413.877 60 388,609 60 TOTAL FUNDS 413,937 388,669 The charitable company 15 entitled to exemption from audit under Sectyon 477 of the Companies Act 21106 for the year ended 31 August 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Settion 476 olthe Companie5 Act 2(￿6. The trustees acknowled8e their responsibilTtit5 for ensuring that the charitable company keep5 accountin8 records that compty with Sections 386 and 387 of the Companies Att 2006 and preparing financial statements which give o true and fair view of the State of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year IN accordance with thc requirement5 of Sections 394 and 395 and which otherwise compty with the reqyirèments of the Companies Act 2QJ6 relatin8 to financlal statements. so far as applicable to the charitable companv. The note5 form part of these financial statements Pa8e 6 continued... MICKLEFIELD NURSERY SCHOOL SEAFORD REGISTERED NUMBER: 00787663 STATEMENT OF FINANCIAL POs￿10N-