## **BROADOAK CHILDRENS NURSERY ASSOCIATION**
**(A Company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
**Charity Number 702041 Company Registration Number 2327767**
## **TOREVELL DENT LTD**
**CHARTERED CERTIFIED ACCOUNTANTS**
Centre of Excellence Hope Park BRADFORD West Yorkshire BD5 8HH
## **BROADOAK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
|**Contents**|**Pages**|
|---|---|
|Company information|1|
|Trustee's report|2 - 3|
|Independent Examiner's Report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Notes to the financial statements|8 - 10|
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) Reference and Administrative Details:**
|COMPANY NAME|Broadoak Childrens Nursery Association|
|---|---|
|CHARITY NUMBER|702041|
|COMPANY NUMBER|2327767|
|DIRECTORS/TRUSTEES|Anita Horvath|
||Andrew Ross - Treasurer|
||Daneille Lyon|
||The directors of the Charitable Company (the Charity) are its Trustees for the|
||purpose of Charity Law and throughout this Report are collectively referred to|
||as "the trustees".|
|BANKERS|Yorkshire Bank|
||40 New Street|
||Huddersfield|
||West Yorkshire|
||HD1 2BT|
||Santander|
||20 Cloth Hall Street|
||Huddersfield|
||West Yorkshire|
||HD1 2EG|
|ACCOUNTANCY|Torevell Dent Ltd|
||Chartered Certified Accountants|
||Centre of Excellence|
||Hope Park|
||Bradford|
||BD5 8HH|
|REGISTERED OFFICE|1 Colne Road|
||Huddersfield|
||West Yorkshire|
||HD1 3AY|
_page 1_
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
In accordance with the accounting policies set out on page 8 and comply with the charity's constitution and applicable law.
## **Constitutions and objects**
The charity was incorporated in 1988 and is constituted as a company limited by guarantee. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and is governed under its articles. The charity's object and its principal activity continues to be that of providing nursery places to young children and continues to operate from the registered office, 1 Colne Road, Huddersfield, West Yorkshire, HD1 3AY. Charity Number : 702041 Company Number : 2327767
## **Recruitment and appointment of trustees**
The directors of the charity are also charity trustees for the purpose of charity law and, under the company's Articles, are known as members of the Board of Trustees. Under the requirements of the Memorandum and Articles of Association the members of the Board of Trustees elected to serve for a period of one year, after which they must be re-elected at the next Annual General Meeting.
The Board of Trustees of the company seeks to ensure that its members possess the range of skills and expertise required to benefit the work the company undertakes.
In the event of particular skills or expertise being lost due to retirement, appropriate individuals are identified and approached to offer themselves for election to the Board of Trustees.
## **Trustee induction and training**
Most trustees are familiar with the work the charity undertakes, however new members are invited and encourage to visit and familiarize themselves with the charity and its operations.
An induction is also provided to new members in the form of a short briefing/training session which is led by the Chair of the Board of Trustees or another trustee of the Board.
## **Organisation**
The charity is organised with full time administrators who manage the day to day administration of the charity with part time assistance as and when necessary. The functions of the administrators are overseen by the company secretary.
## **Review of the year**
During the year the charity organised many places for young children. It also carried out minor fund raising events during the year. Grant funding was obtained to assist with the cost of providing the places.
## **Future developments**
The charity intends to continue to provide as many places as it can to young children.
## **Investment policy**
Grants have been provided to assist in the continued running of the charity for its everyday needs.
## **Reserves**
The association has operated within strict budgets during the year, this together with grant assistance from Kirklees has enabled the association to return a surplus for the year.
## **Risk management**
The Board of Trustees have examined the business and operational risks which the nursery faces, and confirms that systems are in place so that the necessary steps can be taken to lessen the risk.
_page 2_
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) COMMITTEE MEMBERS ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2020**
The trustees serving during the year were:
Anita Hovath Andrew Ross Danielle Lyon Elizabeth Jean Crawford Harrison
## **Trustees' responsibilities in relation to the financial statements.**
Charity law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its surplus or deficit for the financial year, and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the Trustees are required to :
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether the policies adopted are in accordance with the appropriate Statement of Recommended Practice on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under Section 132 of the Charities Act 2011 and the Companies Act 2006.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
In accordance with company law, as the company's directors, we certify that:
- So far as we are aware, there is no relevant audit information of which the company's auditors are unaware;
- As the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that information.
By order of the Trustees
Andrew Ross Director
Date:
_page 3_
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROADOAK CHILDRENS NURSERY ASSOCIATION FOR THE YEAR ENDED 31 AUGUST 2020**
I report on the financial statements of the Charity for the year ended 31 August 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also it's 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 the company 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**
I confirm that I am qualified to undertake the examination because I am a member of ACCA, 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 the Company 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 requirements that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination;
- or
- 4 the accouunts have not been prepared in accordance with the methods of 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.
**Samantha Sutcliffe FCCA Torevell Dent Limited Chartered Certified Accountants Centre of Excellence Hope Park BRADFORD West Yorkshire BD5 8HH**
Date:
_page 4_
## **BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|**Unrestricted Funds**
**General**
**Grant**
**Notes**
**Fund**
**Reserve**
**INCOME AND EXPENDITURE**
**£**
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds :**
**Voluntary Income**
Grants & Sponsorship
86,507
-
KMBC rates grant
25,000
-
CJRS grant
11,654
-
Fundraising
-
-
123,161
-
**Investment Income**
Interest received
-
-
**Incoming resources from charitable**
**activities**
Fees and member subscriptions
66,261
-
66,261
-
**Total Incoming Resources**
**189,422**
**-**
**RESOURCES EXPENDED**
**Charitable activities**
Direct expenses
154,053
-
**Governance Costs**
**2**
20,166
-
**Total Resources Expended**
**174,219**
**-**
**NET INCOMING RESOURCES**
15,203
-
Balances Brought Forward 1.9.19
(1,950)
-
Balances Carried Forward 31.8.20
13,253
-|**Restricted**
**Fund**
**Total Funds**
**31 August**
**2020**
**£**
**£**
-
86,507
-
25,000
-
11,654
-
-
-
123,161
-
-
-
66,261
-
66,261
**-**
**189,422**
-
154,053
14,993
35,159
**14,993**
**189,212**
(14,993)
210
240,775
238,825
225,782
239,035|**Total Funds**
**31 August**
**2019**
**£**
97,255
-
-
25|
|---|---|---|
|||97,280|
|||-
126,292|
|||126,292|
||||
|||**223,572**|
|||217,446
44,871|
|||**262,317**|
|||(38,745)
277,570|
|||238,825|
**The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.**
_The notes on pages 8 & 10 form part of these financial statements_
_page 5_
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) INCOME & EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|**INCOME**
Fees and member subscriptions
Fundraising
Other income (Kirklees Grant)
KMBC rates grant
CJRS grant
**EXPENDITURE**
Staff costs
Food and cleaning
Rent, rates and water
Heat and light
Insurance and HR
Consumables
Repairs and renewals
Postage and stationery
Advertising and website costs
Subscriptions and fees
Refuse collection
Staff training/recruitment
Accountancy and Book-keeping
Bad debts
Depreciation
Sundries
**DEFICIT FOR THE YEAR**
Total Funds Brought Forward
Total Funds Carried Forward|**2020**
**£**
66,261
86,507
25,000
11,654
189,422
154,053
2,864
3,625
2,856
3,835
551
914
-
14
1,308
345
560
1,800
-
16,212
275
189,212
210
238,825
239,035|**2019**
**£**
126,292
25
97,255
-
-|
|---|---|---|
|||223,572|
|||217,446
8,223
5,152
2,071
3,693
479
1,211
184
2,070
1,941
311
-
1,620
325
16,590
1,001|
|||262,317|
|||(38,745)
277,570|
|||238,825|
_The notes on pages 8 & 10 form part of these financial statements_
_page 6_
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) (A company limited by guarantee) BALANCE SHEET**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**4**
**CURRENT ASSETS**
Stock
Bank Balances
Debtors
**5**
**CREDITORS**
**Amounts falling due within one year:**
Accruals and Sundry Creditors
**6**
**NET CURRENT ASSETS**
**NET ASSETS**
**THE FUNDS OF THE CHARITY**
**7**
Unrestricted Funds
Restricted Funds
Total charity funds|**2020**
**£**
229,424
300
13,827
-
14,127
4,516
4,516
9,611
239,035
13,253
225,782
239,035|**2019**
**£**
245,082
300
1,686
9,762|
|---|---|---|
|||11,748
18,005|
|||18,005|
|||(6,257)|
|||238,825|
|||(1,950)
240,775|
||||
|||238,825|
For the year ending 31/08/2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime, and in accordance with Financial Reporting Standard (FRS102).
The financial statements were approved by the board of trustees and signed on its behalf by:
Andrew Ross Director and trustee
Date:
Company Registration Number: 2327767
_The notes on pages 8 & 10 form part of these accounts_
_page 7_
**BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
## **1 ACCOUNTING POLICIES**
- **Basis of accounting**
The financial statements have been prepared under the historical cost convention,
and in accordance with the Financial Reporting Standard (FRS102), and with the Charities Act 2011.
## (b) **Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## (c) **Resources Expended**
Direct charitable expenditure comprises direct expenditure incurred on the defined charitable purposes of the charity.
Administration costs include expenditure on general administration, management and compliance and statutory requirements.
## (d) **Capital Expenditure**
All expenditure of a capital nature is capitalised in the balance sheet.
Fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible assets at rates estimated to write off the cost less residual value of each asset over its expected useful life as follows:
Property Over 25 years Plant & Equipment 25% reducing balance Fixtures & Fittings 25% reducing balance
## (e) **Stocks**
Stocks are valued at the lower of cost and net realisable value.
## **Taxation**
The charity is registered with the Charities Commission and is not subject to taxation on its normal activities.
## **2 GOVERNANCE COSTS**
|Administration costs include the following:
Depreciation
Accountancy services
**3 WAGES AND SALARIES**
Gross wages and salaries
Employer's National Insurance Contributions
The staff costs incurred in administration of the charity were:
Wages and Salaries
The average number of staff employed during the year was:
Administative|**2020**
£
16,212
1,800
**2020**
£
149,360
4,693
154,053
**2020**
£
30,659
1|**2019**
£
16,590
1,620
**2019**
£
205,540
11,906|
|---|---|---|
|||217,446|
|||**2019**
£
33,761
1|
_page 8_
## **BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
## **4 TANGIBLE FIXED ASSETS**
|**4 TANGIBLE FIXED ASSETS**
Cost at 1 September 2019
Additions
Disposals
Cost at 31 August 2020
Depreciation at 1 September 2019
Charge for the Year
On Disposals
Depreciation at 31 August 2020
Net Book Value 1 September 2019
Net Book Value 31 August 2020
**5 DEBTORS**
KMBC funding
Fees due
Prepayments
**6 CREDITORS**
Amounts falling due within one year:
Trade Creditors
Social Security & Other Taxes
Accruals|**Plant &**
**Equipment**
**Property**
**Total**
£
£
£
39,215
363,040
402,255
554
-
554
-
-
-|**Plant &**
**Equipment**
**Property**
**Total**
£
£
£
39,215
363,040
402,255
554
-
554
-
-
-|
|---|---|---|
||39,769
363,040
402,809||
||33,033
124,140
157,173
1,690
14,522
16,212
-
-
-||
||34,723
138,662
173,385||
||6,182
238,900
245,082||
||5,046
224,378
229,424||
||**2020**
£
-
-
-
-
**2020**
£
-
2,836
1,680
4,516|**2019**
£
7,073
1,602
1,087|
|||9,762|
|||**2019**
£
2,806
4,774
10,425|
|||18,005|
_page 9_
## **BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|**7 FUNDS**
**Net movement in funds in the financial year**
Opening funds as at 01 September 2019
**Closing funds as at 31 August 2020**
**Analysis of Unrestricted Funds Movement**
General funds
**Analysis of Restricted Funds Movement**
Food
Property
Plant and equipment
Fixtures and fittings|**2020**
**£**
**Restricted**
(14,993)
240,775|**2020**
**2020**
**2019**
**£**
**£**
**£**
**Unrestricted**
**Total**
**Total**
15,203
210
(38,745)
(1,950)
238,825
277,570|
|---|---|---|
||225,782|13,253
239,035
238,825|
||**Balance at**
**Incoming**
**Resourses**
**Balance at**
**1 Sept 2019 Resources**
**Expended**
**31 Aug 2020**
(1,950)
189,422
(174,219)
13,253
**Movement of funds**||
||(1,950)
189,422
(174,219)
13,253||
||**Balance at**
**Incoming**
**Resourses**
**Balance at**
**1 Sept 2019 Resources**
**Expended**
**31 Aug 2020**
-
-
-
-
238,900
-
(14,522)
224,378
877
-
(220)
657
998
-
(251)
747
**Movement of funds**||
||240,775
-
(14,993)
225,782||
## Rent, Wages & Food
Restricted funding for management costs and milk have also been completely spent.
## Property
The balance will fund future depreciation charges of the property over it's economic life.
## Plant and equipment
The balance will fund future depreciation charges of the property over it's economic life.
## Fixtures and fittings
The balance will fund future depreciation charges of the property over it's economic life.
|**Total unrestricted and restricted fund movements**|**Balance at**
**Incoming**
**Resourses**
**Balance at**
**1 Sept 2019 Resources**
**Expended**
**31 Aug 2020**
238,825
189,422
(189,212)
239,035
**Movement of funds**|
|---|---|
## **8 TAXATION**
The Charity is exempt from taxation on income and gains to the extent that these are applied for charitable purposes only.
## **9 REMUNERATION/EXPENSES PAID TO TRUSTEES**
During the year, there was no remuneration or expenses paid to any of the trustees of the charity. (2019: £Nil)
_page 10_