NANT-Y-CWM STEINER SCHOOL LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the financial statements of the charity for the year ended 31 August 2016. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 01527406 (England and Wales)
Registered Charity number
510849
Registered office
Llanycefn Clynderwen Pembrokeshire SA66 7QJ
Trustees
Peter Jewell Ronald Geaves Mark Truman
Independent Examiner
Gwenno Accountancy Services Ltd
Accountants Glan Gwaun Pontfaen Fishguard Pembrokeshire SA65 9SG
STRUCTURE, GOVERNANCE AND MANAGEMENT
Nant-y-Cwm provides a curriculum offering a comprehensive range of subjects with a focus on interdisciplinary learning and the development of social and creative abilities for children aged between 3 and 14.
We rely solely on financial contributions from parents/carers, and fundraising activities. Our School is committed to safeguarding and promoting the welfare of all our pupils and expects all staff and volunteers to share this commitment.
The Trustees are responsible for ensuring that the object of the Charity - to provide education for children in accordance with Steiner Waldorf education principles - is met, maintained, and furthered strategically.
The Trustees form the School Governance Team which is responsible for the legal and financial running of the School and meets at least three times a year. One-third of the members retire annually by rotation but they are entitled to stand for re-election.
The Trustees are also Directors of Nant-y-Cwm Steiner School Limited. They receive no benefits from holding these posts.
Responsibility for the strategic aim of ensuring and enhancing the quality of the curriculum is devolved to the Collegiate, or College of Teachers.
A number of policies create a structure within which our strategies can be realised in practice. The School Association, comprising parents of children, staff, and volunteers, constitutes the company, limited by guarantee as defined by the Companies Act 2006.
The charity is controlled by its governing document (Memorandum and Articles of Association). The Articles of Association were updated and adopted at the AGM in July 2019.
RISK MANAGEMENT
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees are responsible for oversight of the risks faced by the School. Detailed considerations of risk are delegated to the School Management Team, and thence to the relevant School Support Teams. Risks are identified, assessed in the context of relevant policies for these areas: safety, student welfare, employment, school trips and events and community access.
Through the risk management processes established for the School, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
COVID-19 RESPONSE
The COVID-19 pandemic has extended into this financial year but with more certainty regarding the School’s future.
The Trustees were prominent in developing a strategy to respond to the challenge of increasing pupil numbers with the strengthened School Management Team leading reinvigorated support teams, with all staff garnering support from the School Association members.
A third Kindergarten unit was adapted and, with decreasing COVID restrictions on gatherings, the restarting of the Parent and Child Groups was eagerly anticipated.
PUBLIC BENEFIT
The Trustees confirm that it has paid due regard to the Charity Commissions guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging. In doing so, it has concluded that the opportunity of public benefit is not unreasonably restricted given the financial resources available to the School.
FINANCIAL SUMMARY (year ending August 2021)
The Trustees implemented measures to address the financial stability and sustainability of the School by increasing pupil numbers and management structure.
There has been some consolidation of the financial situation, and compared with the previous financial year;
-
Turnover was identical with a reduction in staff numbers from 18 to 16.
-
Payroll remained at the same level.
-
Operating profit rose by 14% to £4,341, while the gross profit increased by 41% to £19,143.
-
Repayments of bank loans are currently sustainable, with those to the £50,000
-
“Bounceback” loan from the UK Government due to start in December 2021.
-
Gross profit reduced to £13,569 from £42,174 the previous year.
-
Profit before tax on ordinary activities was a very modest £1,647 against a £628 loss the
-
previous year.
Considering the accounts include 12 months of the business upheaval due to the pandemic lockdowns and restrictions, this represents a relatively positive outcome which must be improved upon during the 2021/22 year.
ON BEHALF OF THE BOARD:
……………………………………………………………
Richard Turner – Trustee 6th September 2022
Registered number 01527406
Nant-Y-Cwm Steiner School Limited
Report and Accounts
31 August 2021
Nant-Y-Cwm Steiner School Limited Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Nant-Y-Cwm Steiner School Limited Company Information
Directors
Deborah Ellen Thompson (resigned 31 December 2020) Peter John Jewell Lindsay Heydon (resigned 12 July 2021) Mark Adrian Truman (appointed 25 June 2021) Professor Ronald Allen Geaves (appointed 12 July 2021)
Accountants
Gwenno Accountancy Services Ltd Glan Gwaun Pontfaen Fishguard Pembrokeshire SA65 9SG
Registered office
Llanycefn Clunderwen Pembrokeshire SA66 7QJ
Registered number
01527406
1
Nant-Y-Cwm Steiner School Limited Registered number: 01527406 Directors' Report
The directors present their report and accounts for the year ended 31 August 2021.
Principal activities
Nant-Y-Cwm Steiner School is a private company, limited by guarantee, registered in England and Wales, registration number 01527406. The registered officed is Llanycefn, Clunderwen, Pembrokeshire. SA66 7QJ.
Directors
The following persons served as directors during the year:
Deborah Ellen Thompson (resigned 31 December 2020) Peter John Jewell Lindsay Heydon (resigned 12 July 2021) Mark Adrian Truman (appointed 25 June 2021) Professor Ronald Allen Geaves (appointed 12 July 2021)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 May 2022 and signed on its behalf.
Peter John Jewell Director
2
Nant-Y-Cwm Steiner School Limited Accountants' Report
Accountants' report to the directors of Nant-Y-Cwm Steiner School Limited
You consider that the company is exempt from an audit for the year ended 31 August 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Gwenno Accountancy Services Ltd Accountants
Glan Gwaun Pontfaen Fishguard Pembrokeshire SA65 9SG
27 May 2022
3
Nant-Y-Cwm Steiner School Limited Profit and Loss Account for the year ended 31 August 2021
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit/(loss) before taxation Tax on profit/(loss) Profit/(loss) for the financial year |
2021 £ 224,352 (205,209) 19,143 (40,451) 25,649 4,341 (2,694) 1,647 - 1,647 |
2020 £ 224,402 (210,833) 13,569 (43,707) 33,940 3,802 (4,430) (628) - (628) |
|---|---|---|
4
Nant-Y-Cwm Steiner School Limited Registered number: 01527406 Balance Sheet as at 31 August 2021
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Capital and reserves Revaluation reserve 7 Profit and loss account Shareholders' funds |
2021 £ 350,844 33,719 19,401 53,120 (10,332) 42,788 393,632 (142,275) 251,357 (73,662) 325,019 251,357 |
2020 £ 250,303 14,765 39,128 53,893 (7,945) 45,948 296,251 (146,511) 149,740 (173,632) 323,372 149,740 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter John Jewell Director Approved by the board on 27 May 2022
5
Nant-Y-Cwm Steiner School Limited Notes to the Accounts for the year ended 31 August 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
All fixed assets are initially recorded at cost.
Land and buildings Land and buildings were last revalued in April 2020 Plant and machinery It is not considered necessary to depreciate pland and machinery
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company |
2021 Number 16 |
2020 Number 18 |
|---|---|---|
6
Nant-Y-Cwm Steiner School Limited
Notes to the Accounts for the year ended 31 August 2021
3 Tangible fixed assets
| Land and buildings £ Cost At 1 September 2020 250,030 Additions - Gain/(loss) on revaluation 99,970 At 31 August 2021 350,000 Depreciation At 31 August 2021 - Net book value At 31 August 2021 350,000 At 31 August 2020 250,030 Land and buildings were last revalued in April 2020. 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans Other creditors |
Plant and machinery etc £ 273 571 - 844 - 844 273 2021 £ 33,719 2021 £ 3,218 3,994 3,120 10,332 2021 £ 132,275 10,000 142,275 |
Total £ 250,303 571 99,970 350,844 - 350,844 250,303 2020 £ 14,765 2020 £ 1,797 4,153 1,995 7,945 2020 £ 136,511 10,000 146,511 |
|---|---|---|
7
Nant-Y-Cwm Steiner School Limited Notes to the Accounts
for the year ended 31 August 2021
| 7 Revaluation reserve At 1 September 2020 Gain/(loss) on revaluation of land and buildings At 31 August 2021 |
2021 £ (173,632) 99,970 (73,662) |
2020 £ 7,968 (181,600) (173,632) |
|---|---|---|
8 Other information
Nant-Y-Cwm Steiner School Limited is a private company limited by shares and incorporated in England. Its registered office is: Llanycefn Clunderwen Pembrokeshire SA66 7QJ
8
Nant-Y-Cwm Steiner School Limited Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit/(loss) before tax |
2021 £ 224,352 (205,209) 19,143 (40,451) 25,649 4,341 (2,694) 1,647 |
2020 £ 224,402 (210,833) 13,569 (43,707) 33,940 3,802 (4,430) (628) |
|---|---|---|
9
Nant-Y-Cwm Steiner School Limited Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Sales Sales Cost of sales Purchases Direct labour Discounts allowed Other direct costs Administrative expenses Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Rates Waste collection Light and heat Cleaning General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance Bad debts Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Other operating income Government grants Other operating income |
2021 £ 224,352 5,978 186,743 11,880 608 205,209 2,262 1,968 634 4,864 291 873 921 5,222 1,600 8,907 1,025 130 1,690 4,315 553 6,987 958 7,983 - 23,641 1,790 1,117 132 3,039 40,451 22,576 3,073 25,649 |
2020 £ 224,402 8,773 187,422 12,640 1,998 210,833 1,714 1,125 450 3,289 291 1,001 - 5,798 1,520 8,610 1,827 179 1,699 3,601 615 7,247 1,355 6,987 5,378 28,888 600 65 2,255 2,920 43,707 31,277 2,663 33,940 |
|---|---|---|
10
Registered number 01527406
Nant-Y-Cwm Steiner School Limited
Report and Accounts
31 August 2021
Nant-Y-Cwm Steiner School Limited Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Nant-Y-Cwm Steiner School Limited Company Information
Directors
Deborah Ellen Thompson (resigned 31 December 2020) Peter John Jewell Lindsay Heydon (resigned 12 July 2021) Mark Adrian Truman (appointed 25 June 2021) Professor Ronald Allen Geaves (appointed 12 July 2021)
Accountants
Gwenno Accountancy Services Ltd Glan Gwaun Pontfaen Fishguard Pembrokeshire SA65 9SG
Registered office
Llanycefn Clunderwen Pembrokeshire SA66 7QJ
Registered number
01527406
1
Nant-Y-Cwm Steiner School Limited Registered number: 01527406 Directors' Report
The directors present their report and accounts for the year ended 31 August 2021.
Principal activities
Nant-Y-Cwm Steiner School is a private company, limited by guarantee, registered in England and Wales, registration number 01527406. The registered officed is Llanycefn, Clunderwen, Pembrokeshire. SA66 7QJ.
Directors
The following persons served as directors during the year:
Deborah Ellen Thompson (resigned 31 December 2020) Peter John Jewell Lindsay Heydon (resigned 12 July 2021) Mark Adrian Truman (appointed 25 June 2021) Professor Ronald Allen Geaves (appointed 12 July 2021)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 May 2022 and signed on its behalf.
Peter John Jewell Director
2
Nant-Y-Cwm Steiner School Limited Accountants' Report
Accountants' report to the directors of Nant-Y-Cwm Steiner School Limited
You consider that the company is exempt from an audit for the year ended 31 August 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Gwenno Accountancy Services Ltd Accountants
Glan Gwaun Pontfaen Fishguard Pembrokeshire SA65 9SG
27 May 2022
3
Nant-Y-Cwm Steiner School Limited Profit and Loss Account for the year ended 31 August 2021
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit/(loss) before taxation Tax on profit/(loss) Profit/(loss) for the financial year |
2021 £ 224,352 (205,209) 19,143 (40,451) 25,649 4,341 (2,694) 1,647 - 1,647 |
2020 £ 224,402 (210,833) 13,569 (43,707) 33,940 3,802 (4,430) (628) - (628) |
|---|---|---|
4
Nant-Y-Cwm Steiner School Limited Registered number: 01527406 Balance Sheet as at 31 August 2021
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Capital and reserves Revaluation reserve 7 Profit and loss account Shareholders' funds |
2021 £ 350,844 33,719 19,401 53,120 (10,332) 42,788 393,632 (142,275) 251,357 (73,662) 325,019 251,357 |
2020 £ 250,303 14,765 39,128 53,893 (7,945) 45,948 296,251 (146,511) 149,740 (173,632) 323,372 149,740 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter John Jewell Director Approved by the board on 27 May 2022
5
Nant-Y-Cwm Steiner School Limited Notes to the Accounts for the year ended 31 August 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
All fixed assets are initially recorded at cost.
Land and buildings Land and buildings were last revalued in April 2020 Plant and machinery It is not considered necessary to depreciate pland and machinery
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company |
2021 Number 16 |
2020 Number 18 |
|---|---|---|
6
Nant-Y-Cwm Steiner School Limited
Notes to the Accounts for the year ended 31 August 2021
3 Tangible fixed assets
| Land and buildings £ Cost At 1 September 2020 250,030 Additions - Gain/(loss) on revaluation 99,970 At 31 August 2021 350,000 Depreciation At 31 August 2021 - Net book value At 31 August 2021 350,000 At 31 August 2020 250,030 Land and buildings were last revalued in April 2020. 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans Other creditors |
Plant and machinery etc £ 273 571 - 844 - 844 273 2021 £ 33,719 2021 £ 3,218 3,994 3,120 10,332 2021 £ 132,275 10,000 142,275 |
Total £ 250,303 571 99,970 350,844 - 350,844 250,303 2020 £ 14,765 2020 £ 1,797 4,153 1,995 7,945 2020 £ 136,511 10,000 146,511 |
|---|---|---|
7
Nant-Y-Cwm Steiner School Limited Notes to the Accounts
for the year ended 31 August 2021
| 7 Revaluation reserve At 1 September 2020 Gain/(loss) on revaluation of land and buildings At 31 August 2021 |
2021 £ (173,632) 99,970 (73,662) |
2020 £ 7,968 (181,600) (173,632) |
|---|---|---|
8 Other information
Nant-Y-Cwm Steiner School Limited is a private company limited by shares and incorporated in England. Its registered office is: Llanycefn Clunderwen Pembrokeshire SA66 7QJ
8
Nant-Y-Cwm Steiner School Limited Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest payable Profit/(loss) before tax |
2021 £ 224,352 (205,209) 19,143 (40,451) 25,649 4,341 (2,694) 1,647 |
2020 £ 224,402 (210,833) 13,569 (43,707) 33,940 3,802 (4,430) (628) |
|---|---|---|
9
Nant-Y-Cwm Steiner School Limited Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Sales Sales Cost of sales Purchases Direct labour Discounts allowed Other direct costs Administrative expenses Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Rates Waste collection Light and heat Cleaning General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance Bad debts Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Other operating income Government grants Other operating income |
2021 £ 224,352 5,978 186,743 11,880 608 205,209 2,262 1,968 634 4,864 291 873 921 5,222 1,600 8,907 1,025 130 1,690 4,315 553 6,987 958 7,983 - 23,641 1,790 1,117 132 3,039 40,451 22,576 3,073 25,649 |
2020 £ 224,402 8,773 187,422 12,640 1,998 210,833 1,714 1,125 450 3,289 291 1,001 - 5,798 1,520 8,610 1,827 179 1,699 3,601 615 7,247 1,355 6,987 5,378 28,888 600 65 2,255 2,920 43,707 31,277 2,663 33,940 |
|---|---|---|
10