Charity number.. 1030364 Horspath Nurs•ry UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Horspaih Nursery FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES J Home D vvalerman jresigned July 2u23j E Chanarin (resigned July 20231 B Morri5 K Ledgard J Lovegrove lappoinled September 20231 J Rockall {aptr)inted .Seplember 20231 L Way (appointed Sep:ember 20221 PRINCIPAL ADDRESS Blenheim Road Horspath Oxford OX33 1RY CHARITY NUMBER 10303é4 INDEPENDENT EXAMINERS ANO AccouKfANTS Barn8s48usiness Limited 12 Murdock Road Bicesler Oxon OX26 4PP
Horspath Nursery ACCOUTr5 FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Report of the TTUStees Independenl Examinerfs Statement Staternent of Financlal Activities Balance Sheet Notes to the Accounls 9t0 11 Detailed Statement of Financial Activiti8S 12to13
orspath Nursery FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT The trustees present their report and accounls for the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES Qbi8CtIV8s and alm8 The aims of the pre-sGh¢)ol are to enhance the development and education of children primarily under slatulory s¢hool age by encouraging parents to understand and provid8 for the needs of their children through o)mmunity groups and by: a) Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents lo take responsibility for and to become involved in the activrties of such groups, ensuring that such groups offer opportunities for all children whatever Ih8ir race, culture, religion, means or ability., bl Encouraging tb.p sludy of the np&*ds ol such children and Ilpir !arp.ilipR and prom.nting PLihlic. interpst in an.d recognition of such needs in Ihe local areas- ¢1 Instigating and adh8ring to and furthering the aims and objects of the pr8vschool learning alliance, Publle bèneflt The trustees h8V8 h8d regard lo public bènèfit guié8nce issued by the Charities Commission. They consider that Ihey COTnply wilh this guidance as the nursery supports Éind offers a service to IoGal residents and their families by providing care and educalion for chikJr8n between the ages of two and a half and 11 years of age which enab18s paT8nls and carei S rk. ACHIEVEMENT AND PERFORMANCE Sesslons Offered Horspath Nursery is full with a walting Ilst. We had 4 children with Speci81 Educational Needs. We now have less school age children at All Stars Breakfast and After School Club and more Nursery age children. Our opéning hours rwnain 3+ 7:2QaTr.-fj.3nn. .10ndaY lo Friday, tarm lime only with an Eastgr P13sEcherne rJi for 4 d3yo of the Easter holiday anL1 a Summer Playscheme running for th8 first 2 weeks of the summer hoiiaay. We still servè braakfasl of cereal and toast and a light Snack ol crumpets, cr015sants, mirffins, crackws fruit, dried fruit etc at the After School Club. The Easter Play scheme had approxlmately 10 children attending and the Summer Play scheme had approximately 18 children per day. Nursery age children provide their own lunches and sn8cks but Horspath Nursery provides milk and ingredlents for cooking clubs ich are held eath week. Wè18ke children from the a9e of 1-11 years. We have increased our numbers from 30 to 40 children rJp,r 88&8ion xnd havp. r.rpaled a Forest School for the additional 10 children due to 5 nursèriés closing in the surrounding area. Tkie 14¢JiSél"y Ildu Eiv ul iiliii'vli on tl)e book.s ailii Ciliidi-¢i > b F-lu[5 faii9ed froiii &30+. W& arè iiiainly Gov1)MnI funded iiow diig lo the Government offer for eligible paren15 of 2-yearIdS. Al St8rs Breakfasl club had approximately 18 children and the afterschool club had approximately 20 children per day during the Wè8k. We received Additional funding for 2 children with Special Educalional Neads to help support their learning and to pay for 1 to 1 adult to child ratio.
Horspath Nursery FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT Management Commlttee The Nursery has conlinued lo operate according to the PLA conslilulion with a fNe-member committee. Staff Thère hav8 been several changes in staff over the Course of the year. Alici8, Sareh and Taya left during the year being replaced with Danie.1, Ellig Fran, Emma and Jakepla. Reteppa io pnmplAling hpr final vpar tn rcHNplpte hpr Early Yp?r teacher training. Amy no Ellie have slarled level 3 Iraining. Emmcl Iheii went on MaleTnily leave shortly aflw joiriin9. Horspath Nursery have Tecruiled a HR agency to support th8m wrth any staffing issues that arise. Developments at the Nursery Joanne has ensured that all staff are up to date wilh the required training and most of the training is now online with the orxasional face to fac8 session. All policies and procedures are up to date and more policies have been written to refled th8 change8 lo the n88d8 of the children. All risk ass8ssm8nts have been revi8W8d and control measures implèmÈn18d to 8nsure that th8 Nurswy and All Stars club continue8 tn operAt8 .8afaly. Thorfi hAV8 ba8n nn rAPnrtable a¢cid8nts in tha last yaar. All annual tests and checks have been performed. We are still offering places to 2-year-olds and 30-hour funding lo support parents lo be able to return lo work morè hours. The Government 15 phasing in funding for children from the age of 9+ months to encourage and support parents to 90 back lo work, This should be completed by 2025. Our policy for place 8llocalion is unchanged bul we now have 40 children at any given time with 30 children per session at Nursery and 10 children al the nature area. Children with special educational needs and wrth sibling3 in the Nur88ry and School are 8180 priorilised. Communlty Involv•m•nl We have h81d thè following fundraising ev8nts'. Smartie Tubes, Network Event, Halloween Party, Bingo Nights, Duck Races, The Hub Market etc Working with Parents We have had a parents evening. W8 conlinue to work closely with paren15 through èmails, telephone, facé to fac8 at the Nursery gate, Class DOJO messaging service, Facebook and Nursery journal updates. 8 hava also neld parènr worKshops to support parents of childran rransiiioning 10 school and envraging Indepenoence. Fundralslng We held the following fundraising events,. Srnartie Tubes, Network Event. Halloween Paty, Bingo Nights, Duck Races, The Hub Market. We have received lots of toy donalions to keep us up lo date and lo remain having a wide Tange of resources lo offer to the children. Chariiable Acts We have supporied the following charities= Children in Need. Cystic Fibrosis and Diabetes. Flnances The accounts for the year ending 31 sl March 2024 show a surplus of approximalely £20K. Th8 naw 21-y8ar lease has not been comp18ted yet so this wll need to be faclored in going forward. This 15 Still ongoing due lo th 81 Iddpn rlpAlh nf IhA 8nlir,ilnr wnrkin9 nn thp. IpAse.. We use CAF Bank to manage money, We have three separate a¢¢ounls. an everyday account (for the day-to-day financial management of the Nursery and All Stars Club), a contingency fund la reserve to cover three months. operating costs and staff wages) and a fundraising accounl (to fund new equipment and make essenlial repairs elc.).
Horspath Nursery FOR THE YEAR ENDED 31 MAgCH 2024 TRUSTEES, REPORT Alms and Objectlves for the forthcomlng y•ar We need to a¢quire lemporary p18nning permission. This is due in Dbcember 2024. Ideally, we would like to increase staff pay due to minimum wage increases and the cost of living. Wé alsu al.e awailiiig legal fee5 f(x the lease reiiew81. We n88d a replac8ment fire door and awnings to be fixed. We are also looking lo replace the portacabin with a new one or to improve the current trfJilding du8 lo the building being 30+ years old and in need of a lot of maintenance. We are hopeful about obtaining a grant from Oxford County Councll to help u5 to buy a new building. If thi5 does not happen we will need to look into replacing the wel pour flooring as Ihere are some areas that need resurfacing. Approved by or(J8r of the Board of Tlusiees on 27 January 2025 an¢ signecl on Ils tyehaif by B Morris Trustee
Horspath Nursery DEPENDENT EXAMINEifs STA TEMEpir INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HORSPATH NURSERY I report on the accounts of Ihe company lor Ihe year ended 31 March &024 . RESPECTIVE RESPONSIBILrriES OF TRUSTEES AND EXAMINER The charity trustees e re¥)onsible lor the preparation ol the acrounls in accordance wilh Ihe requirements of the Charities Act 2011. 1 am qvalilied lo undertake the examination by being a qualified member of Association ol Chartered Certified kcounlanls. Having satisfied myself that the chilY is eligible for independent examination, il is my responsibility lo.. - examine the accounts undef section 145 of the 2Q11 Act,. lollow the prcc8dure$ laid dovdn in the general Dir8Ction8 given by th8 Charity Commi8sM)n under 88clion 145151(bl of the 2011 Act, and slalo W11her particular matters have ccffie lo my attention. 8ASIS OF INOEPENDtNT EAAPdllNERS ST ATEMENT My examination was carried out in *xordance with general Direclion5 given by Ihe Charity Commission. An examination includes a review of the accounling records kept by the charity and a ci)mparison ol Ihe aLtounls presEnted with Ihose records. It also ncludes consideration ol any unusual ilemg or disclosures in Ihe account8. and seekino explanations from you as trusteès concerning ary such m8llers. The procedures undertaken do nol provKle all Ihe evidence Ihat would b8 required In an audil, and consequerilly no opinion Is given as ID Wheth Ihe accoLnls present a'true and fair vievf and the report 15 limited to thos& matt&r$ yel out In the slalem8nl below. INDEPENDENT EXAMINERS STATEMENT In connecfion with my examlnalion, no matter has come lo my attention.. {1> which gives me reasonable cause lo believe that in ary material respect the rèquirements. lo keep oct>)unling records In ac£ordance ttt section 130 of the Charities Act 2011,. and - In prepare ar£ounls which arx¢)rd wth thè arrounliryJ recor(Js. comply with the accoLing requ'remenls ol seciion 130 of the Chaiilies Acl 2011 and with Ihe methods and principles of the Statement of R8comm8nd8d Practice kcounting and Rewrting by Charities have not been MBI, or (21 to which, in my opinion, attention should be drawn in order to eiiable a proper understanding of the accoLfftls to be reathed Date., 27 January 2025 kelvin Esarnes FCCA Barnes48u51ness Limrted Chartered Certified Accounlanls 12 Murdock Road Bicester Oxon OX26 4PP
Hor8path Nursèry STATEME OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestrlcted Restrlcted funds funds Total Incomè Inc¢Nne from generated funds Donalicns and l@gacies Incne ,r Inve-tmenl= Income from charitable activities Total Income and endowmènts 13,963 2,197 248,248 13,963 6,414 779 248248 f97,766 264,408 204, 959 264,408 Expenses Cosls of generaling funds Expenditure on Rais&J funds Expenditure on Charitable activitieo Total Expen6 219,580 24,088 243,668 219,580 174,013 24,088 26,552 243,668 200,565 Net Income 20,740 20,740 4, 394 Net movement In fund$'. Nel In¢ome for the year Tol81 f r,d8 brought forw8rd Net funds carrl•d forward 20,740 226,145 246,885 20,740 4,394 226,145 221,757 246.885 226, 145 This slalernent of financial activities includes all gains and losses recognised in the year. All income and expendrture derive from continuing activities
Horspath Nursery 8ALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes FIXED ASSErs Tangible assets 832 948 CURRENT ASSErs Debtors lamouT)Is f811Sng due withln one yearl Ciiifi til bai)k ai Id il-l fiand 11,661 235,668 247,329 1,276 It,854 Z74,636 22b,4yu 1,293 CREDITORS: Amounts lalllng due wlthln one yèar NET CURRENT ASSErs 246,053 246,885 225,197 226. 145 TOTAL ASSETS LESS CURREKf LIABILITIES CAPITAL AND RESERVES Unrestrlct•d funds General fund 246,885 246,885 228.145 226, 145 These accounts were approved by the Board of Trustees and authori5ed for issue on 27 January 2025 and w8r8 8igned on Iheir DehalT by.. 8 Morrls Trustee
Horspath Nursery NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES 18. Basls Of Accounilng The accounts have been prepared in 8ccord8ni with the Char11ies SORP FRS102 - Accounting and Reporting for Chariti8S: Statement of Recommen(Jed Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicab16 in th8 UK and Republlc of Ireland IFRSI 021 leffeclive January 20191, and the Charities Act 2011.The accounts have been prepared under the historical cosl convention. 1b. In¢Ing Rèsources All incoming resourctss Ère included on the Statement of Financial Activities when the charity is legally erlrtled to Ib.e inccp.a an.d thv dmounl can be quanlified wiLn rea50n3ble aixuraGy. 1c. Resour¢es Expended Liabilities are recognised as expendilure as soon as there is a legal or construcliv8 obligation cnmmitting the tharily to that expendilure. it is probably Ihat a transfer of econc4nic b8nefits will be required in settl8ment and the amount of Ihe obligation can be measured reliably. ExpendllLtre is accounted fcw on an accruals basis and has been classified under headings that aggregate all cost re141pA tn be c8tegory. Where costs rannol be direclly attributed lo partl¢Lilar hpadlnos they have been allncaled to ar.livilles vii 8 b¥sis L'UII¥I¥LtsiII wiiii li1¥ ube L)r re¥vuru¥¥. 1 d. Allocatlon And Apportlonment Of Co%ts All costs relate to the single activity of the charitabl8 company and are r8cognis8d accordingly. le, Fund Accounllng Unreslncted funds can b8 used in accordance with the charitable a*'ectives at the discretion of Ihg trustees. Restricted funds can only b8 Used for particular restricted purpDses wtthin the objects of the charity. Restrictions arise when specifièd by the donor or when funds are raised for particular r8Stricl8d purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. 1f. Depreclatlon D8precialion has been provided at the following rates in order lo write off the assets over Iheir estimated useful lives. Property Improvemenls Office and Computer Equipment straight line 5. reducing balance 2510
Horspath Nursery 2. EMPLOYEES 2024 2023 No. 10 No. Aver8ge number of employees 12 3. TANGIBLE FIXED ASSETS Property Improv•ménts Equlpm•nt Total Cost At 1 A-;il 2023 At 31 March 2024 Depreclatlon At 1 April 2023 For the year Al 31 March 2024 50,819 50,819 38,550 12,269 37,914 38 37.952 11,957 78 49,871 116 12,035 49,987 Net Book Amounts At 31 March 2024 598 234 832 Al 31 March 2023 636 312 948 4. DEBTORS 2024 2023 Amounts falling due within one year: Trade debtors debtors 11,661 11,656 i¥0 11,681 11.864 10
Orspath Nur60ry 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Other creditors 334 1,276 1,276 959 1,293 6. UNRESTRirfED FUNDS 8rought forward Incomlng résources Outgolng Tran$f•rs r•8ources Carrled fonvard General fund 226,145 226,145 264,407 264,407 1243.667) 1243,667) 246,885 246,885 I RUSTEES, REMUNERATION AND BENEFITS On8 of the charity's trustees 18 also an employee under a contract of empbyment. The remuner&tion level 88t ty the board of trustees al a commercial fair value comm8nsurate to the level and experienGe Ihat the role requires. The tTUStee concemed is paid only for her employment ro18 al the ¢harf(y as is not paid for dut185 as a IrLJslee. There weie no trustees expenses paid for the year ended 31 March 2024. nor for the prevlous year.
Horspath Nursery INCOMING RESOURCES FOR THE YEAR EINUÉV • i dARCH 2024 2024 2025 Incomlng resources Incomlng resources from generatod funds Donatlons Gi &il-iiS 351 1.178 4,885 Donations 897 Fundraising and events 5,209 13,963 6,414 13,963 6,414 Involltmént Income Bank inleresl 2,197 779 2,197 779 2,197 779 Fees charged Council funding Parent fees 148,765 99,483 129,907 67,859 248,248 197,766 248,248 797,766 Total Income 264,408 204.959 12
Horspath Nursery EXPENSES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Expenses Costs of gen¢ratlng funds Costs Of G•neratlng Voluntary Income Classroom consumables Classroom waoes, 8mploy8rs Nl and pension Clubs Refreshments 9,668 208,573 5,563 165,791 1,100 936 209 Fundraising and promotional expense$ 730 623 219,580 174,013 Charltablo AelSvftias +ertaining Premis costs Repairs and r8newals Recruilm8nt Training Travel èxpenses Professional fees In5uranGe and 5ubsuiplions oirice expen58S Telephone and intemel Bank charges Sundry axpenses Deprecialion of property Improv8ments DeprelaticP. 104 8,679 3,655 1,859 1,326 7.518 4,865 1,508 45 3,608 7,014 2.980 872 645 1,281 60 780 38 78 24,088 1.031 72 705 104 26,552 Total Expendhure 243.668 200,565 13