**Micklefield Nursery School (Seaford) (A company limited by guarantee)**
**Trustee’s Annual Report and Financial Statements**
**Year ending: 31 August 2022**
**Charity number: 307010 Company number: 787663**
**Reference and Administrative Information:** _Registered office._ Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN.
_Trustee meetings attendees._ Mrs M Stacey [Trustee - chair] Mr P Gallagher [Trustee] Mrs J Hanby [Trustee] Mrs F Wright [Trustee] Mrs A Buroni [Trustee] Mrs E Piper [Trustee] Mrs K Elliott [Nursery Manager - non-voting] Mrs K Smith [Business & Finance Officer - non-voting]
_Independent examiner._ Shoreline Accountants Limited Chartered Accountants 25 Clinton Place Seaford East Sussex BN25 1NP
## _Statement of trustees’ responsibilities._
The trustees (who are also the directors of Micklefield Nursery School (Seaford) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Statement of Recommended Practice (SORP). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Structure, Governance and Management:**
## _Nature of the Governing Document and constitution of the charity._
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association adopted on 23 July 2007. The trust is administered by the Council of Governors who are trustees of the incorporated trust. Eligibility for membership of the charity and membership of the board of trustees is governed by the memorandum and articles of association. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law. Trustees have not taken any remuneration or expenses during the year but volunteer their services in the interests of ensuring first class preschool provision for the children of the charity.
There is a family connection between the Nursery Manager (daughter) and Communications Consultant (father), with the full knowledge and approval by the Governing Body.
_Methods adopted for the recruitment and appointment of new trustees._ The admission of new trustees (members) requires the approval of the Governing Body which has absolute discretion as to the admission of any person.
_Major risks to which the charity is exposed, reviews and systems to mitigate risks._ The Governors have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## _Policies & Procedures._
The charity has the following written documents:
- Acceptable Use ICT Policy
- Administering Medication Policy
- Camera, Mobile Phone and Recording Device use Policy
- Complaints
- GDPR Data Protection Policy
- GDPR Privacy Notice
- Emergency Evacuation
- E-safety
- Food & Drink Policy
- Infection Control Policy
- Late Collection
- Lost Child Nursery and Outing
- Mobile Phone and Social Networking Policy
- Risk Assessment Checks
- Risk Assessment Policy
- Safe Care and Practice
- Safeguarding Children
- Sickness and Illness Policy
- Whistle Blowing.
## **Objectives and Activities:**
## _Principal Activity and Object of the Charity._
The charity’s object is to advance education in particular the education of children below compulsory school age in Seaford, East Sussex. UK and the surrounding area.
## _Mission Statement._
Children are at the heart of everything we do!
## _Benefits to the Community._
The charity has been educating children and benefitting the local community since September 1994. We welcome all children from every background.
We accept children from 2 years to school age which means we help children learn and develop important social skills they will take with them into main school and beyond. We lay important foundations in skills such as turn taking, staying safe, communication and language development, teamwork and conflict resolution. All these skills enable our children to be a responsible member of their local community. We also work closely with our local schools to prepare our children for starting main school.
## **Achievements and Performance:**
## _Achievements._
We have continued to offer our Tiger Club services meaning that children can attend the Nursery 8.00am to 5:30pm. This has been a popular choice with our working families. We have also offered families a Holiday Club service in the school holidays, running 1-2 days of the holidays for a four hour session.
With the lifting of COVID restrictions, we are now able to welcome families into the building and offer full nursery viewings to prospective children.
Working with and supporting families post COVID has been a real focus within the nursery.
## _Friends of Micklefield._
This year has been a successful fundraising year for Micklefield Nursery with a total of £2,708 raised, less £220 costs.
We held a Christmas Sing-a-Long and raffle which raised £664 and a raffle at Easter which raised £82.
Our main focus on fundraising for the school year was for children to ‘Sponsor a Square’ in our Squirrel garden makeover. This raised £1,310
Other fundraising activities included a Teddy Tombola, Caterpillar and Bear Hunt shows and an end of term raffle raising £652
## C _hildren._
The charity is open for 38 weeks in each year, and currently has 127 active children on its register.
The charity offers up to 10 x three-hour sessions per week from 9am to 12pm and 1pm to 4pm Monday to Friday (excluding bank holidays). We also offer a 1-hour lunch session 12pm to 1pm and parents can choose morning/afternoon sessions of 3 or 4 hours or all-day sessions of 7 hours.
The nursery also now offers Early Morning club from 8.00am to 9.00am and Afternoon club 4:00pm to 5:30pm.
## _Staff._
The charity employs 30 staff directly involved with the children and 4 administrative staff, with the following breakdown.
|Nursery Manager|1|
|---|---|
|Business & Finance Officer|1|
|Early Years Team Leader|1|
|Communications Consultant|1|
|INA|7|
|Nursery Assistant|3|
|Nursery Practitioner|17|
|SENCo Lead|1|
|Senior Administrative Coordinator|1|
|Administrator|1|
## _Salaries._
The charity pays staff the Government's National Living Wage or above. Staff are paid 38 weeks of the year when the charity is open, but their pay is spread over 12 equal monthly payments per year as staff prefer it that way. Staff are also paid a holiday entitlement in line with government legislation.
## _Capacity._
Children numbers always start off lower at the start of the school year (September) but build up over the year. During this school year, due to the number of staff in ratio, some families due to start with us were deferred until September 2022.
## _Funding and Tax-Free Childcare._
The charity offers 30hr funded places (subject to capacity) to parents. The charity also offer places to families eligible for 2 year old funding. The charity has also registered as a Tax-Free Childcare provider.
## _Advertising._
The charity has a Facebook page administered by our Senior Admin. Coordinator and a web site ‘www.micklefieldnursery.co.uk’. Adverts are also placed in local papers, booklets etc.
## **Financial Review:**
## _Policies on reserves._
The level of reserves is £432,610 (2020: £413,823). It’s the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six month’s expenditure. The trustees consider that reserves at the level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
## _Turnover and Profit._
The past year has been especially challenging, but Micklefield was able to adopt very careful management of costs.
The charity’s turnover was £446,664 (2020: £429,639) resulting in a trading profit of £18,733 (2020: £25,215)
## _Share Capital._
The company is limited by guarantee and therefore has no share capital. All trustees are members of the company and guarantee to contribute not exceeding £10 in the event of a winding up.
## _Income and Expenditure Breakdown._
The main funding for the charity is provided by East Sussex County Council’s Service Agreement for Providing Free Early Learning Places (ELPs) for Two Year Old’s and Early Years Education Entitlement (EYEE) for Three & Four Year Old’s. This accounted for 70% of the charity’s total income, with the remaining 30% coming from unfunded children, lunch club, bursaries and fund raising.
The major expenditure was staff wages amounting to 82% of the total costs.
Approved by order of the board of trustees on .......................................... and signed on its behalf by:
............................................. Mrs M Stacey – Chairman of the Trustees
Company registration number: 00787663 Charity registration number: 307010
## MICKLEFIELD NURSERY SCHOOL (SEAFORD)
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2022
Shoreline Accountants Ltd Independent Examiner 25 Clinton Place Seaford East Sussex BN25 1NP
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 15|
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Reference and Administrative Details**
**Charity Registration Number**
**Company Registration Number**
307010 00787663
## **Registered Office**
## **Independent Examiner**
The charity is incorporated in England & Wales. Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN Shoreline Accountants Ltd Independent Examiner 25 Clinton Place Seaford East Sussex BN25 1NP
Page 1
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2022.
## **Objectives and activities**
## _**Objects and aims**_
The charity’s object is to advance education in particular the education of children below compulsory school age in Seaford, East Sussex. UK and the surrounding area.
## _**Objectives, strategies and activities**_
On 1st September 1994 the senior school merged with Wadhurst College. Since that date the trust has continued purely as a nursery school.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs Michelle Stacey Mrs J Hanby Mrs Fler Wright Ms Alice Buroni Mr Paul Gallagher Ms Emily Piper
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association adopted on 23 July 2007. The trust is administered by the Council of Governors who are trustees of the incorporated trust. Eligibility for membership of the charity and membership of the board of trustees is governed by the memorandum and articles of association. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Trustees have not taken any remuneration or expenses during the year but volunteer their services in the interests of ensuring first class preschool provision for the children of the charity.
There is a family connection between the Nursery Manager (daughter) and Communications Consultant (father), with the full knowledge and approval by the Governing Body.
## _**Recruitment and appointment of trustees**_
The admission of new trustees (members) requires the approval of the Governing Body which has absolute discretion as to
the admission of any person.
Page 2
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Trustees' Report**
## _**Major risks and management of those risks**_
The Governors have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Employee involvement**
Policies & Procedures. The charity has the following written documents:
• Acceptable Use ICT Policy • Administering Medication Policy • Camera, Mobile Phone and Recording Device use Policy • Complaints • GDPR Data Protection Policy • GDPR Privacy Notice • Emergency Evacuation • E-safety • Food & Drink Policy • Infection Control Policy • Late Collection • Lost Child Nursery and Outing • Mobile Phone and Social Networking Policy
• Risk Assessment Checks • Risk Assessment Policy • Safe Care and Practice • Safeguarding Children • Sickness and Illness Policy • Whistle Blowing.
The annual report was approved by the trustees of the charity on 15 November 2022 and signed on its behalf by:
The annual report was approved by the trustees of the charity on 15 November 2022 and signed on its behalf by:
......................................... Mrs Michelle Stacey Trustee
Page 3
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Independent Examiner's Report to the trustees of MICKLEFIELD NURSERY SCHOOL (SEAFORD) ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of MICKLEFIELD NURSERY SCHOOL (SEAFORD) are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of MICKLEFIELD NURSERY SCHOOL (SEAFORD) as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Mark Boxall Independent Examiner Institute of Financial Accountants
25 Clinton Place Seaford East Sussex BN25 1NP
15 November 2022
Page 4
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Statement of Financial Activities for the Year Ended 31 August 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18
**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
445,866
798
446,664
(414,385)
(13,781)
(428,166)
18,498
18,498
413,937
432,435
**Unrestricted**
**funds**
**£**
441,541
468
442,009
(403,937)
(12,804)
(416,741)
25,268
25,268
388,668
413,936|**Total**
**2022**
**£**
445,866
798|
|---|---|---|
|||446,664|
|||(414,385)
(13,781)|
|||(428,166)|
|||18,498|
|||18,498
413,937|
|||432,435|
|||**Total**
**2021**
**£**
441,541
468|
|||442,009|
|||(403,937)
(12,804)|
|||(416,741)|
|||25,268|
|||25,268
388,668|
|||413,936|
The notes on pages 7 to 15 form an integral part of these financial statements. Page 5
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **(Registration number: 00787663) Balance Sheet as at 31 August 2022**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
17
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
18|**2022**
**£**
153,113
50
10,012
274,971
285,033
(4,798)
280,235
433,348
(912)
432,436
432,435
432,435|**2021**
**£**
154,562
50
8,441
259,860|
|---|---|---|
|||268,351
(8,125)|
|||260,226|
|||414,788
(851)|
|||413,937|
|||413,936|
|||413,936|
For the financial year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 5 to 15 were approved by the trustees, and authorised for issue on 15 November 2022 and signed on their behalf by:
The notes on pages 7 to 15 form an integral part of these financial statements. Page 6
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN
These financial statements were authorised for issue by the trustees on 15 November 2022.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
MICKLEFIELD NURSERY SCHOOL (SEAFORD) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 7
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Page 8
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 9
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **Financial instruments**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
**Total for 2022**
**Total for 2021**
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
133,020
312,846
445,866
441,541
**Unrestricted**
**funds**
**General**
**£**
798
798
468|**Total**
**funds**
**£**
133,020
312,846|
|---|---|---|
|||445,866|
|||441,541|
|||**Total**
**funds**
**£**
798|
|||798|
|||468|
## **5 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|**Note**
Allocated support costs
7
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
220
220
127|**Total**
**funds**
**£**
220|
|---|---|---|
|||220|
|||127|
Page 10
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **b) Costs of trading activities**
|**Note**
Costs of goods sold
Other direct costs of activities for generating funds
Allocated support costs
7
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
3,017
8,315
119,835
131,167
128,179|**Total**
**funds**
**£**
3,017
8,315
119,835|
|---|---|---|
|||131,167|
|||128,179|
|||**Total**
**costs**
**£**|
## **6 Expenditure on charitable activities**
|**Note**
Governance costs
7
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
13,781
12,804|**Total**
**funds**
**£**
13,781|
|---|---|---|
|||12,804|
|||**Total**
**expenditure**
**£**|
In addition to the expenditure analysed above, there are also governance costs of £13,781 (2021 - £12,804) which relate directly to charitable activities. See note 7 for further details.
## **7 Analysis of governance and support costs**
## **Governance costs**
Page 11
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Depreciation, amortisation and other similar costs
**Total for 2022**
**Total for 2021**
**8**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets
**9**
**Trustees remuneration and expenses**
**10 Staff costs**
The aggregate payroll costs were as follows:
**Staff costs during the year were:**
Wages and salaries
Social security costs|**Unrestricted**
**funds**
**General**
**£**
13,781
13,781
12,804
**2022**
**£**
13,781
**2022**
**£**
279,008
3,990
282,998|**Total**
**funds**
**£**
13,781|
|---|---|---|
|||13,781|
|||12,804|
|||**2021**
**£**
12,804|
|||**2021**
**£**
272,024
3,607|
|||275,631|
Page 12
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Cost**
At 1 September 2021
Additions
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for the year
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**13 Stock**
Stocks
**14 Debtors**
Trade debtors
Prepayments
Other debtors
**15 Cash and cash equivalents**
Cash on hand
Cash at bank|**Land and**
**buildings**
**£**
50,000
-
50,000
10,800
14,381
25,181
24,819
39,200|**Furniture and**
**equipment**
**£**
101,298
476
101,774
92,748
2,181
94,929
6,845
8,550|**Furniture and**
**equipment**
**£**
101,298
476
101,774
92,748
2,181
94,929
6,845
8,550|**Other tangible**
**fixed asset**
**£**
202,419
14,636
217,055
95,606
-
95,606
121,449
106,813
**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|**Other tangible**
**fixed asset**
**£**
202,419
14,636
217,055
95,606
-
95,606
121,449
106,813
**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|**Total**
**£**
353,717
15,112
368,829
199,154
16,562
215,716
153,113
154,563
**2021**
**£**
50|
|---|---|---|---|---|---|---|
|||101,774||217,055|||
|||92,748
2,181||95,606
-|||
|||94,929||95,606|||
|||6,845||121,449|||
|||8,550||106,813|||
|||||**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|||
|||||||**2021**
**£**
5,960
2,377
104|
|||||||8,441|
|||||||**2021**
**£**
297
259,563|
|||||||259,860|
Page 13
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **16 Creditors: amounts falling due within one year**
|**16 Creditors: amounts falling due within one year**||||
|---|---|---|---|
|Trade creditors
Other taxation and social security
Accruals
**17 Creditors: amounts falling due after one year**
Other creditors
**18 Funds**
**Balance at 1**
**September**
**2021**
**£**
**Unrestricted funds**
General
413,937
**Balance at 1**
**September**
**2020**
**£**
**Unrestricted funds**
General
388,668|**Incoming**
**resources**
**£**
446,664
**Incoming**
**resources**
**£**
442,009|**2022**
**£**
138
2,301
2,359
4,798
**2022**
**£**
912
**Resources**
**expended**
**£**
(428,166)
**Resources**
**expended**
**£**
(416,741)|**2021**
**£**
3,469
2,451
2,205|
||||8,125|
||||**2021**
**£**
851|
||||**Balance at 31**
**August 2022**
**£**
432,435|
||||**Balance at 31**
**August 2021**
**£**
413,936|
## **19 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
169,675
285,033
(4,798)
(912)
448,998|**Total funds at**
**31 August**
**2022**
**£**
169,675
285,033
(4,798)
(912)|
|---|---|---|
|||448,998|
Page 14
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
172,116
268,351
(8,125)
(851)
431,491|**Total funds at**
**31 August**
**2021**
**£**
172,116
268,351
(8,125)
(851)|
|---|---|---|
|||431,491|
## **20 Analysis of net funds**
|Cash at bank and in hand
Net debt
Net debt|**At 1**
**September**
**2021**
**£**
259,860
259,860|**Financing cash**
**flows**
**£**
(259,860)
(259,860)
**At 1**
**September**
**2020**
**£**
-|**At 31 August**
**2022**
**£**
-
-
**At 31 August**
**2021**
**£**
-|
|---|---|---|---|
Page 15
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2022**
## **Unrestricted Funds**
|**Unrestricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Investment income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2022**
**£**
445,866
798
446,664
(414,385)
(13,781)
(428,166)
18,498
18,498
413,937
432,435|**Total**
**Unrestricted**
**Funds**
**2021**
**£**
441,541
468|
|||442,009|
|||(403,937)
(12,804)|
|||(416,741)|
|||25,268|
|||25,268
388,668|
|||413,936|
This page does not form part of the statutory financial statements. Page 16
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|**_Donations and legacies_**
Appeals and donations
Fees receivable
Fundraising events
Grants receivable
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
Opening stock
Closing stock
Tuition salary
Staff NIC (Employers)
Staff pensions (Defined contribution) - pension scheme 1
Water rates
Repairs and renewals
Hire of other assets (Spot hire)
Travel and subsistence
Staff entertaining (allowable for tax)
Bad debts written off
Wages and salaries
Staff NIC (Employers)
Administrative Salary
Staff pensions (Defined contribution) - pension scheme 1
Staff training
Rates
Light, heat and power
Insurance
Bookes, equipment and material
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Sundry expenses
Cleaning
Advertising
Accountancy fees|**Total**
**2022**
**£**
3,356
129,664
-
312,846
445,866
798
798
(220)
(50)
50
(279,008)
(3,990)
(3,017)
(3,104)
(3,244)
(1,906)
(21)
(1,922)
(3,165)
(61,369)
(4,633)
-
(1,132)
(119)
(1,770)
(4,609)
(2,090)
(13,218)
(756)
(3,755)
(4,766)
-
(11,385)
(463)
(1,800)|**Total**
**2021**
**£**
334
131,955
1,037
308,215|
|---|---|---|
|||441,541|
|||468|
|||468|
|||(127)
(50)
50
(272,024)
(3,607)
(2,581)
(2,245)
(2,682)
(1,404)
-
-
(606)
(63,914)
-
(4,479)
(1,189)
-
(104)
(4,634)
(1,810)
(14,951)
(889)
(3,024)
(3,237)
(1,727)
(12,081)
(72)
(1,800)|
This page does not form part of the statutory financial statements. Page 17
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|Legal and professional fees
Depreciation of freehold property
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of office equipment
**_Charitable activities_**
Depreciation of Freehold improvements to property|**Total**
**2022**
**£**
(142)
(600)
(655)
(1,031)
(495)
(414,385)
(13,781)
(13,781)|**Total**
**2021**
**£**
-
(600)
(1,725)
(1,212)
(1,213)|
|---|---|---|
|||(403,937)|
|||(12,804)|
|||(12,804)|
This page does not form part of the statutory financial statements. Page 18
Company registration number: 00787663 Charity registration number: 307010
## MICKLEFIELD NURSERY SCHOOL (SEAFORD)
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2022
Shoreline Accountants Ltd Independent Examiner 25 Clinton Place Seaford East Sussex BN25 1NP
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 15|
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Reference and Administrative Details**
**Charity Registration Number**
**Company Registration Number**
307010 00787663
## **Registered Office**
## **Independent Examiner**
The charity is incorporated in England & Wales. Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN Shoreline Accountants Ltd Independent Examiner 25 Clinton Place Seaford East Sussex BN25 1NP
Page 1
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2022.
## **Objectives and activities**
## _**Objects and aims**_
The charity’s object is to advance education in particular the education of children below compulsory school age in Seaford, East Sussex. UK and the surrounding area.
## _**Objectives, strategies and activities**_
On 1st September 1994 the senior school merged with Wadhurst College. Since that date the trust has continued purely as a nursery school.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs Michelle Stacey Mrs J Hanby Mrs Fler Wright Ms Alice Buroni Mr Paul Gallagher Ms Emily Piper
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association adopted on 23 July 2007. The trust is administered by the Council of Governors who are trustees of the incorporated trust. Eligibility for membership of the charity and membership of the board of trustees is governed by the memorandum and articles of association. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Trustees have not taken any remuneration or expenses during the year but volunteer their services in the interests of ensuring first class preschool provision for the children of the charity.
There is a family connection between the Nursery Manager (daughter) and Communications Consultant (father), with the full knowledge and approval by the Governing Body.
## _**Recruitment and appointment of trustees**_
The admission of new trustees (members) requires the approval of the Governing Body which has absolute discretion as to
the admission of any person.
Page 2
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Trustees' Report**
## _**Major risks and management of those risks**_
The Governors have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Employee involvement**
Policies & Procedures. The charity has the following written documents:
• Acceptable Use ICT Policy • Administering Medication Policy • Camera, Mobile Phone and Recording Device use Policy • Complaints • GDPR Data Protection Policy • GDPR Privacy Notice • Emergency Evacuation • E-safety • Food & Drink Policy • Infection Control Policy • Late Collection • Lost Child Nursery and Outing • Mobile Phone and Social Networking Policy
• Risk Assessment Checks • Risk Assessment Policy • Safe Care and Practice • Safeguarding Children • Sickness and Illness Policy • Whistle Blowing.
The annual report was approved by the trustees of the charity on 15 November 2022 and signed on its behalf by:
The annual report was approved by the trustees of the charity on 15 November 2022 and signed on its behalf by:
......................................... Mrs Michelle Stacey Trustee
Page 3
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Independent Examiner's Report to the trustees of MICKLEFIELD NURSERY SCHOOL (SEAFORD) ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of MICKLEFIELD NURSERY SCHOOL (SEAFORD) are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of MICKLEFIELD NURSERY SCHOOL (SEAFORD) as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Mark Boxall Independent Examiner Institute of Financial Accountants
25 Clinton Place Seaford East Sussex BN25 1NP
15 November 2022
Page 4
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Statement of Financial Activities for the Year Ended 31 August 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18
**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
445,866
798
446,664
(414,385)
(13,781)
(428,166)
18,498
18,498
413,937
432,435
**Unrestricted**
**funds**
**£**
441,541
468
442,009
(403,937)
(12,804)
(416,741)
25,268
25,268
388,668
413,936|**Total**
**2022**
**£**
445,866
798|
|---|---|---|
|||446,664|
|||(414,385)
(13,781)|
|||(428,166)|
|||18,498|
|||18,498
413,937|
|||432,435|
|||**Total**
**2021**
**£**
441,541
468|
|||442,009|
|||(403,937)
(12,804)|
|||(416,741)|
|||25,268|
|||25,268
388,668|
|||413,936|
The notes on pages 7 to 15 form an integral part of these financial statements. Page 5
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **(Registration number: 00787663) Balance Sheet as at 31 August 2022**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
17
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
18|**2022**
**£**
153,113
50
10,012
274,971
285,033
(4,798)
280,235
433,348
(912)
432,436
432,435
432,435|**2021**
**£**
154,562
50
8,441
259,860|
|---|---|---|
|||268,351
(8,125)|
|||260,226|
|||414,788
(851)|
|||413,937|
|||413,936|
|||413,936|
For the financial year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 5 to 15 were approved by the trustees, and authorised for issue on 15 November 2022 and signed on their behalf by:
The notes on pages 7 to 15 form an integral part of these financial statements. Page 6
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN
These financial statements were authorised for issue by the trustees on 15 November 2022.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
MICKLEFIELD NURSERY SCHOOL (SEAFORD) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 7
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Page 8
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 9
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **Financial instruments**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
**Total for 2022**
**Total for 2021**
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
133,020
312,846
445,866
441,541
**Unrestricted**
**funds**
**General**
**£**
798
798
468|**Total**
**funds**
**£**
133,020
312,846|
|---|---|---|
|||445,866|
|||441,541|
|||**Total**
**funds**
**£**
798|
|||798|
|||468|
## **5 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|**Note**
Allocated support costs
7
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
220
220
127|**Total**
**funds**
**£**
220|
|---|---|---|
|||220|
|||127|
Page 10
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **b) Costs of trading activities**
|**Note**
Costs of goods sold
Other direct costs of activities for generating funds
Allocated support costs
7
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
3,017
8,315
119,835
131,167
128,179|**Total**
**funds**
**£**
3,017
8,315
119,835|
|---|---|---|
|||131,167|
|||128,179|
|||**Total**
**costs**
**£**|
## **6 Expenditure on charitable activities**
|**Note**
Governance costs
7
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
13,781
12,804|**Total**
**funds**
**£**
13,781|
|---|---|---|
|||12,804|
|||**Total**
**expenditure**
**£**|
In addition to the expenditure analysed above, there are also governance costs of £13,781 (2021 - £12,804) which relate directly to charitable activities. See note 7 for further details.
## **7 Analysis of governance and support costs**
## **Governance costs**
Page 11
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Depreciation, amortisation and other similar costs
**Total for 2022**
**Total for 2021**
**8**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets
**9**
**Trustees remuneration and expenses**
**10 Staff costs**
The aggregate payroll costs were as follows:
**Staff costs during the year were:**
Wages and salaries
Social security costs|**Unrestricted**
**funds**
**General**
**£**
13,781
13,781
12,804
**2022**
**£**
13,781
**2022**
**£**
279,008
3,990
282,998|**Total**
**funds**
**£**
13,781|
|---|---|---|
|||13,781|
|||12,804|
|||**2021**
**£**
12,804|
|||**2021**
**£**
272,024
3,607|
|||275,631|
Page 12
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Cost**
At 1 September 2021
Additions
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for the year
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**13 Stock**
Stocks
**14 Debtors**
Trade debtors
Prepayments
Other debtors
**15 Cash and cash equivalents**
Cash on hand
Cash at bank|**Land and**
**buildings**
**£**
50,000
-
50,000
10,800
14,381
25,181
24,819
39,200|**Furniture and**
**equipment**
**£**
101,298
476
101,774
92,748
2,181
94,929
6,845
8,550|**Furniture and**
**equipment**
**£**
101,298
476
101,774
92,748
2,181
94,929
6,845
8,550|**Other tangible**
**fixed asset**
**£**
202,419
14,636
217,055
95,606
-
95,606
121,449
106,813
**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|**Other tangible**
**fixed asset**
**£**
202,419
14,636
217,055
95,606
-
95,606
121,449
106,813
**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|**Total**
**£**
353,717
15,112
368,829
199,154
16,562
215,716
153,113
154,563
**2021**
**£**
50|
|---|---|---|---|---|---|---|
|||101,774||217,055|||
|||92,748
2,181||95,606
-|||
|||94,929||95,606|||
|||6,845||121,449|||
|||8,550||106,813|||
|||||**2022**
**£**
50
**2022**
**£**
6,280
3,732
-
10,012
**2022**
**£**
725
274,246
274,971|||
|||||||**2021**
**£**
5,960
2,377
104|
|||||||8,441|
|||||||**2021**
**£**
297
259,563|
|||||||259,860|
Page 13
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **16 Creditors: amounts falling due within one year**
|**16 Creditors: amounts falling due within one year**||||
|---|---|---|---|
|Trade creditors
Other taxation and social security
Accruals
**17 Creditors: amounts falling due after one year**
Other creditors
**18 Funds**
**Balance at 1**
**September**
**2021**
**£**
**Unrestricted funds**
General
413,937
**Balance at 1**
**September**
**2020**
**£**
**Unrestricted funds**
General
388,668|**Incoming**
**resources**
**£**
446,664
**Incoming**
**resources**
**£**
442,009|**2022**
**£**
138
2,301
2,359
4,798
**2022**
**£**
912
**Resources**
**expended**
**£**
(428,166)
**Resources**
**expended**
**£**
(416,741)|**2021**
**£**
3,469
2,451
2,205|
||||8,125|
||||**2021**
**£**
851|
||||**Balance at 31**
**August 2022**
**£**
432,435|
||||**Balance at 31**
**August 2021**
**£**
413,936|
## **19 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
169,675
285,033
(4,798)
(912)
448,998|**Total funds at**
**31 August**
**2022**
**£**
169,675
285,033
(4,798)
(912)|
|---|---|---|
|||448,998|
Page 14
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
172,116
268,351
(8,125)
(851)
431,491|**Total funds at**
**31 August**
**2021**
**£**
172,116
268,351
(8,125)
(851)|
|---|---|---|
|||431,491|
## **20 Analysis of net funds**
|Cash at bank and in hand
Net debt
Net debt|**At 1**
**September**
**2021**
**£**
259,860
259,860|**Financing cash**
**flows**
**£**
(259,860)
(259,860)
**At 1**
**September**
**2020**
**£**
-|**At 31 August**
**2022**
**£**
-
-
**At 31 August**
**2021**
**£**
-|
|---|---|---|---|
Page 15
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2022**
## **Unrestricted Funds**
|**Unrestricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Investment income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2022**
**£**
445,866
798
446,664
(414,385)
(13,781)
(428,166)
18,498
18,498
413,937
432,435|**Total**
**Unrestricted**
**Funds**
**2021**
**£**
441,541
468|
|||442,009|
|||(403,937)
(12,804)|
|||(416,741)|
|||25,268|
|||25,268
388,668|
|||413,936|
This page does not form part of the statutory financial statements. Page 16
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|**_Donations and legacies_**
Appeals and donations
Fees receivable
Fundraising events
Grants receivable
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
Opening stock
Closing stock
Tuition salary
Staff NIC (Employers)
Staff pensions (Defined contribution) - pension scheme 1
Water rates
Repairs and renewals
Hire of other assets (Spot hire)
Travel and subsistence
Staff entertaining (allowable for tax)
Bad debts written off
Wages and salaries
Staff NIC (Employers)
Administrative Salary
Staff pensions (Defined contribution) - pension scheme 1
Staff training
Rates
Light, heat and power
Insurance
Bookes, equipment and material
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Sundry expenses
Cleaning
Advertising
Accountancy fees|**Total**
**2022**
**£**
3,356
129,664
-
312,846
445,866
798
798
(220)
(50)
50
(279,008)
(3,990)
(3,017)
(3,104)
(3,244)
(1,906)
(21)
(1,922)
(3,165)
(61,369)
(4,633)
-
(1,132)
(119)
(1,770)
(4,609)
(2,090)
(13,218)
(756)
(3,755)
(4,766)
-
(11,385)
(463)
(1,800)|**Total**
**2021**
**£**
334
131,955
1,037
308,215|
|---|---|---|
|||441,541|
|||468|
|||468|
|||(127)
(50)
50
(272,024)
(3,607)
(2,581)
(2,245)
(2,682)
(1,404)
-
-
(606)
(63,914)
-
(4,479)
(1,189)
-
(104)
(4,634)
(1,810)
(14,951)
(889)
(3,024)
(3,237)
(1,727)
(12,081)
(72)
(1,800)|
This page does not form part of the statutory financial statements. Page 17
## **MICKLEFIELD NURSERY SCHOOL (SEAFORD)**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|Legal and professional fees
Depreciation of freehold property
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of office equipment
**_Charitable activities_**
Depreciation of Freehold improvements to property|**Total**
**2022**
**£**
(142)
(600)
(655)
(1,031)
(495)
(414,385)
(13,781)
(13,781)|**Total**
**2021**
**£**
-
(600)
(1,725)
(1,212)
(1,213)|
|---|---|---|
|||(403,937)|
|||(12,804)|
|||(12,804)|
This page does not form part of the statutory financial statements. Page 18