Company tEgi8tra¢ion number.. 02928901 Charity registration number.. 1038078 Mires Beck Nursery (A company limited by guaraDtee) Awiual Report and Finwoial Statement8 for dL¢ Year Elided 30 Septeinbcr 2024 Mires Beck Nursery Content5 Reference and Administr&tiv¢ Details Trustees, Ropoit 2to5 Ittdepelldent Auditors, Report 6t08 slaten￿llt of FitLancial Activitie8 9tolO Balance Sheet Statement of Cash Flow8 12 Notes lo tb¢ Financial Statements 13to21 Mires Beck Nursery Reference and Administrative Details Trustees Dr N Tinker Mr C P Nelson MS K E Rooksby Mr A Platt Mr J D Ruthetford Mr J R G￿nIer Reglstered Offlce Low Mill Lane North Cave BROUGH B&st Yorkshire HU15 2NR The ckMrity is incorporated in England & Wales. 02928901 Company Regtstratlom Number Charity Registration Number 1038078 Auditor Camth)n Ferriby & Co Biidge House 41 winc0￿￿1¢¢ Hiill East Yoikshii'e Eayt Yorkshire HU2 8AG Pag¢ I Mires Beck Nurgery Trustees, Report The trustees, who are dire¢tor8 for ths purposos of conipany 18w, present the anllud report together with the hiiaiicittl stllteinents auditors, report ot the ch￿1t￿bLe cotnpany for the year end¢d 30 septernb￿ 2024. ObJectlve$ and &c*ivitles ObjÉc£s nnd aims The Coll)p£￿y ba8 three 8tsled objectives as follows.. - l. Th¢ r¢lief of persons with a pbysical &lld/or learniiig disability, the elderly w)d persong Suffttring from or recovering from mentlll illness, fft particular by the ￿￿viSion of vocational traiiiii￿ for Such persons ill hoiti¢uLtural and allied crafts. 2, To conserve, protect &rtd enhance the natural and physical environment. 3, To advance the education of th¥ 8eThoral piiblic in horlitrultiwal allied skills. ObJecÉlve,s, s1ratsgE￿ and activitiag The main focu¥ during the fllikllicial ye￿. has been oll steadily increasing the nunkner of 8eryic¢ iisers. developing the WI￿leS￿le bii8iness and extending the ciistomgr baso for tre¢ saleg. The thirtieth anniversary of the fo￿]dation of tli¢ clHrity was iiged g45 &n opporttinity I'o I4￿nCh a '30for30' app¢al lo raise £30,000 to strengthen tl)e financial position of Mires Beck Nw'sery, with mAtched futtding from the Mattbew Good Fol￿dation. This ￿&bled tbe cbdiity to end ikne fm&ntsi&a year witli increased cash re8¢rY¢8. PMbliL. benefit The trusteeg confjnn that thcy have complted with the r¢quirements of sectiott 17 of the Ch&ities Act 2011 to have diw reg&rd to the public benefit giiidallC¢ piibli&hed by the Charity Coinmissioii frn. England and Wales. Use ofvolunteevs Volunteers are iis¢d in all areas of chant￿S work a]￿ their inpiit atffj dedication to th¢ continuan¢¢ of the LhaTjty'8 al￿8 18 very miich app￿cl&led. Financlal rL4vAew F¢es receivgd ill respect of service users increased dui'ing the year and are expected lo continue to Increase. Trading revenutt w&s adver8¢ly &lTected by the wel 8pring, RevenuB Irom grant, fundrat8ing ￿livI11¥S and doDatiuns w&8 again very sts'ong. The ba]anc¢ sheet strcngth¢ned di￿ing the Ye￿ witb an increase in bank balances and 8 ￿d￿t10Th in lottg tthm li&bilitie8. However, Ilie large in¢reases in nal'ion&l minimubll wage &Dd ￿nplayel￿ Nl will resLiIt in a oiisidcrable inLI'ease in wage& and salaries costs witli ¢ffeLt from April 2025. The trustees arc ftirmulating plans s to how to initigal'e thcse increases in costs. Policy ort reserves Mires Bccl< NutEery had & solvent position at tlie end of the financial ye￿. with sufficient reSer￿S to trade for the foreseeable The adverse effects of the measuL'es annouttced in the budget attd referred ￿ &bove will make the second half of tb¢ new findncia.l ye&r very chall¢nging and limit the ability of tbe ¢harity lo ftllther grow its reserves irt tbe short to mediiiin lerin. It renHin8 the lung ter￿ &iJn of th¢ tt'ustces tobuild up more adequate levels of reserves. Page 2 Mlres Beck Nursery Tn]ytses' Report Inveslmentpolicy ¢nd objecilves The con)patty has no fillE￿cl&l investments othttr ti]an money held al the b￿]k for di¢ convenience of halldling in¢otn¢ and expendit￿.8 resulting from iiornial activity. Gulng con¢¢rn The nursery will contillU¢ to trade a8 It Llways ba8 and has no going ¢Oll¢ern issu¢s for the up and corning y¢&TS. Trustees 4nd offi¢¢rs The I￿￿te£S and officers 86rving duTing th¢ Ye￿ and since the ye￿. ￿]d weir followg: Trustee8'. Mrs S Vodden (reSI￿ed 30 September 20241 Dr N Tinker Mr C P Nelson Ms K E Rooksby J A Holt (resigThvd 4 Mar¢h 2024) Mrs S M Mccartttey (resigijed 31 Au￿7st 2024) Mr A Platt Mr J D Rutherford (appointed 13 March 2024) MT J R Ganiier (appollifrd 13 July 2024) Secretary: Mrs H Turner (i'esiglled 9 April 2024) Structurei governance and managemcnl Nalure ofgov¢rning document The charity is C4)ntrolled by its goveinillg documeiil, M¢ny)random tLnd Articlcs of Assooiatioii, and cOnsti￿te8 a limited Comp￿]Y. limitEd by gudrantee, as. defiiied by the Coinpanies, Act 2006. RECr￿l￿ent and oppointmentvftsusi¢es Trustees ar¢ t¢ornit¢d by invitation and then elected in Genetxl Meeting. Potential Trustecs are rc4uiTed io complete an applicatton forin and provide a supportive siatem¢iit. W¢ al80 reqiure two refereiiccs, and enhano¢d DBS ¢h¢ck and ¢videitr¢ that th¢y ar¢ not digqualified the Charities Act froin holding officc. Our application pack Incli￿e8 a job desci'iption and pLrson SPeL'ification, InduL'don and iY¢unlN8 of tr1￿*¢¢1 To pt¢par¢ potential trustees, we Invite them to a nonnal n￿etIng so that they can scc how the charity operntes, If they agree to join the Boar4 we give ihem Lopies of reG¢lIt rninutES, a bri¢thi8 on ongoiiig ibsues and papers prepared by thc Charity CoiJmi8gioner8 on the respollsibilily of trustces. We also ofter individual meetii)gs lo anbwer ally quei'i¢s which may ariso. Arrrtngementsffovsetting key martagemenlpepsonnel rE￿￿￿eration All remuneration for all employees is set by the board of trustees at the regular quurt¢rly iiieetings. Page 3 Mlres Beck Nursery Tnistees, Report OrÉwanis¥ttion¢71slr¥ctwe The manllgement structure put in plftce lust year ha8 generally worked well und has be￿ supportod by more direct involvement by th¢ trustees. There lias been steady but use￿1 progress ID iniproving bAck otTic¢ systen]s Ihal. will ti￿prOVe effieiency and productivity. Fin8ncial controls and torecasting ha8 also been reviewed and diett is cw'renily a focus on mod¢rnising IT systems, A new w¢bsÉte will b¢ lamiched in early 2025, In addition tr) tbeir omoi regulw. Ineetings, the trustees JD¥et regularly with the senior manag¢m¢nt team to review progress artd agree priorities. The management team oversee the team leaders and supeTvisofs PTovide oversight for tbe people with special needs who com¢ to the niirsery each week. They look after th¥ estate, gardais, liorb* p¢r¢nnial, plant, wild flowei. and tree production, They &re wonderftilly supported by a whole ran8e of paid and voluntary staff who bring tkneii many talents and experiences to the work of tho niwsery. We were able to provide oiir 8etVAces to ninety three people this Ye￿ with oiir serviL¢ iisers Loinin£ on av#roge two days each weelL Tn totsl, we employ forty two people, of whom thirty on¢ ai¢ part. tim¢, plu8 ten seasonal workers. Staffing levels are regularly reviewed to ensure that they are appropriate for the chf¢nging needs of th¢ work and to e118ure that the bigh stAtLdud8 for which Mires Beck Nursery ha8 b¢come well known over i￿anY years ar rnainlained. Major risloy andJttanrtgÉmertt ofthoJ¢ pisk Ri9k Management The trustees have eK&mined the inajor str￿tegIC, business ￿)d operati011al risks which th¢ ¢l]arity faces. They confiim tbat sygtems have beell PLIt Ki) place to Inonitor and report on these risks on a regular basis, enabling the necessary steps to bc tsken to minimise them. Tbere is, however, a fimi acceptance that we bave no room for complacency. there is thus Colltinuous as&esSn￿nt. Financial instrnments Objectives andpoliei The charily's activili¢s expose It to a nunther of fmancial risks llicludillg creth'f risk, ca$h flow risk and liquidity risk. The charity rnuintains these risks by not co1￿MIttlng to Imy fiiiaii¢ial cotnmiiment it cannol fiilfil witb ils current ti￿d5. Attention h848 also been focu8ged on non-financial risks atising from heolth ￿ld sg4fety, flle aiid food hygiene. Th¢se ri&'ks ale nknnag¢d by ensLli'iag a¢credilations &r¢ up to date and th¢ ¢lL￿ltY I￿5 robust policies and piocedu￿6 in place, i.here is also regular stal.ftrainin8 for tlie sl'aff working in Ihesv areas, Cashfvw nsk The charity's a¢iivilies exposc it lo a small casl) flow rislc biit oll the whole the charity has enough funds to cater for all its activities on ali oiigoiiig basis, Cre￿t ri.yk The Lharity Iw iio significanl. conLentration of Lredit risL witb exposiire spread over & large numbw of couut£rparlies 8nd Cllslomers. Page 4 Mlres Beck Nursery Tru8tees' Report Liquity riNk In order lo maintaiii liquidity to ensure that sufficient funds are availablc for 011going operatiollti alld fLilure developments, the Charity never makes fin￿l01a1 Collllnitn￿￿ts it Cannot fidfil al the fin￿. StatsD)ent oftrustees, respollslbllltles Tke trustees (who are also tbe directors of Mll'¢8 Beck Nurs¢ry for the PULposes of company law) are responsible for preparing the trnste68' report and llie financial statements in accordance with &pplic8ble law aiid United Icingdom Accounting St￿]dards (United Klligdom Generally AG¢eptcd Arcounting Practice), includi118 FRS 102 The Financial Reporting Standard applicable i]J the UK and Republic of Ir¢la1￿.. Cornpany law requirets the trustees to prepare fiiianciul slateinents for each fmancial year, Under coinpany law the trust¢6s n]ust not approv¢ the fmaD¢ial ststetnellt8 unkss they ￿'e satisfied that tbey give & true alld fair view of the state of affairs of the charitable coinp&lliy and of the incoming iesources and application of resource it]cludillg its income alld wenditure, of the ¢haritable company fot th1( t pei'iod. In preparing tlie8e fIn￿l0￿al statejnents, the tn]stees' are required to.. select suitable accounting poliLieS and apply them coDsisletstly> observe t'he n*thods alld priticiples in th¢ Cbarilies SOIIP. make judgements and estintstes that aTe reasonable and p￿￿en¢ state whethei. applicable accounting standard5, compri8ing FRS 102 have been followod, gubject to Any material departuies disGlos¢d and explained in the fm&ncial slatttnents. and prepare financial stateittents on thc going concern basis unless it is inappropri&t¢ to presLune that tlie haritabl¢ complmy will continue in busilless. The triisteeii are responsible for keeping pmper accouiiling records that ca11 di8clo&e with reasonable acourilcy ILt any tiine the fil1￿cIal positioii of the oharitable cou]pany wd enable thein to en6ur¢ that ftn&wcl&l statements comply with the Companies Act 2006. They are also T￿pOnsible for sategii&rding the assets of the charitabl¢ company and hence lor taki1￿ rea8onÉthlc steps'for the prevention aid detsbtio.n of Craiid 8nd other iriegul&rilie8. The trustees are lespoijsj￿l¢ foi. tbo mainteoallcg and integrity of l.he corpoi'ale and fiiiancial inforn)ation included on the charitable company's webs'ite. Legislation govoi'ning tlie pr¢pELration and diss#mination of finallcial stat#ments n]ay differ from1¢8isl&tion itt oilierjurisdictions. Disclosure of iiifonllAtion to lluditot Eucli t￿￿t¢c ha8 lalc¢ll Steps that they ought to have tsken as a truste¢ in lo make themselves awatc of any relevant audit infoi'mation and to e4thbli8h that the charity's auditor 18 aware of that informatioi). The trustQ¢S ollfirni Ébal th￿¢ is no relevatst information tliat they kllow of and of which they knjow the aiiditor is iiiiaware. Reappointment uf auditor In accordanoe with section 485 of the Companies Act 2006, & resolution for th¢ te-appoiiitsnent of Lamerc F¢rriby & Co as auditors of the ¢hEkTity is to be propoged at ihe fffltbcoming AM]u￿ Gcii¢iYl M¢eting. The amiiwl report was approved by th¢ tnistee8 of the charity on 23 Januaiy 2025 and signed on its behalf by.. uih¢rford Trustee Page 5 Mires Beck Nursery Independent Auditorls Report to the Members of Mires Beclc Nursery Opinion We have auditod the financial st&ten)ents ot Mires Beclc Nursery (the 'charity? for the yeai, ended 30 September 2024, which ¢oinpri8e the Stateinent of Fiiiancial. Activities. Balance She¢L Statenignt of Cash Flows, Notes lo the Fiiianoial Statements, including a summary of signific￿lt accouiiting policies. The financial reporting fran]ework that h&5 been appliod in their PLtparation is Unitsd Kingdom A￿oUntIng Standards, comprising Clwilies SORP - Fris 102 Tlie Financial Reporting Standard appliLable in the UK and Rq)Liblic of Irel&nd' and applicable law (United Kiiigdom Generally Acceptcd A¢counting Praolic¢), tn OEU opijjion the fill8nrial statem¢nts,' give a true and fair view of the state of the charitys affairs a8 at 30 S¢pt¢mber 2024 and of its incoiJin8 re8ovmes and applicatioii of Tesources, inclLuLing it8 lllcom¢ &)d expeiiditure, for the year then ended," h&v¢ been pi'operly prepared in a¢cordanc6 with United Kingdorn Generally Accepted AccouThtikng Practice. have beeii prepared in accordance with tlie requll'ements of the Comp&nies Act 2006. Basis for Opillion We COLiducled our audit in accordance with Interttational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Oiw re8ponsibilit1¢3 Linder those standard8 are ￿rIber dcscrib¢d in the auditor responsibiliti¢s for Ili¢ audit of Éh? tttiancial stat¢m2nlg sectioJ of our repoit We are independent of the charity in accordanoe with the ethical reouiremenls that are relevant to our *udit of the financial slat¢m¢ttts iti th¢ UK iti¢ludiDg tbe FRC'S Eilucal Standard, alld we have fLilfilled oiw other ethical respon8ibilities in &Ccorcl￿Ce with these requir¥m¢nts, We believe that tlie audit evid¢ll¢¢ we have obtained is 8ufficiellt ￿la ￿propriats to provldt a ba8is 'for our Qplllloll. Conclu8loDs relatlng ta going conccrtt In &llditing the finaLi¢ial stalem¢tstg. we havc coiicluded that the tt'u8tee8 use of the going concei'.n basig of EKGounting in the preparation of the fingn¢i&l statements is appropiiats. Bagcd on tlie work we liav& performed, we have not idthilified any IM&leri81 ithccrlr4inl.ies i¢latittg to evelltg or coiiditioi)s that, individually or collectively, rnay c8St siwjificant doubt on the Gharity's ability to continiie as a goÉng Loncem for a p¢riod of at least tw¢lv¢ Jnontlis from wlien the original finlln¢ial statements w¢r¢ autborised for issue. Our responsibilitieg aod the respon8ibilities of the trustees with rc8Pe¢t to going concern are desotlbed in thc rcl¢vant sectioiis of this repo Other Informalion The trustees are responsible for tbe other infornig4tion. Tlie other inf0m￿tion ￿0mprIs¢8 tbe information included in the atmual r¢porl, other than the financial Statements and our ￿￿ltOr'S i'eport thereon. Ow opinion on Ibe fiiiancial statements does not cover the otl)er information iiiid, except to the ¢xt¢nt othenvi&e explicitly st&ted in our report, we do not express any form of ￿8￿rance coii¢lusion tiiereon. En comiectioii with our #udil of the financial staternents, our responsibility is to read the oiher rnfornilltion and, in doing su, consider whedier the otlicr infoiin&Lion ig materially incon8iqtent witl) th¢ tinancii< I slatem¢iil8 or our knowledge obtained in Ilie audit or otheiwise appeats to be materkally misstated. If we identify such material inLolls15tencies or &ppar¢nl inaleri￿ mis8tateinents, we are required to del.￿Thin¢ wheth¢i there 18 a mllterial mi88t'atement in the finantyial stalement8 OT a rr￿terIal misstatvment of tlie other information. If, bas￿ on the worlc w¢ bave p¢rfonned, w¢ conclude that thei'e 18 & n)atsrial MiSstaten￿nt of d)is other infOrn￿tiOll, we are Itquired to reporL that ticL We have nothii)g to report in this re8￿cL Page 6 Mlres Beck Nursery Independent Audltorls Report to the Members of Mlres Beck Nursery Opinlon on other matter prescrlbed by the Companles Act 2006 Itt our opinion, based on the work undertaken in the coiir6e of tho audit.. the information giveD in the Trustees, R¢port for the fmancial year for whi¢h the flllancial statement8 are prepared is Goiisisl¢nt with the fitLaThcial st8tements' and the Tru&t¢es' Report li&s been prepared in accordall¢e widi applicabl¢ legal requiremellls. Matt¢rs on which we are requlred to repDI't by exceptlon the ligbt of our knowledg¢ aod understanding of tlie ch&rity and its environmenL obtain¢d bi the course of the audit, we have not identified material misstatements iti th¢ Trustees, Report. We have nothing to r¢port in respect of the following Imatter8 wh¢r¢ the Coinp&llie8 Act 2006 require8 Il8 to Irpoit to yoll if, in our opinion: adequate accounting T¢¢ord8 bave not been k¢pt. or returns adequats f(Ir our audit have not b¢¢n receiyed froll) br￿¢beS not visited by us, or the fin￿1¢1￿ st&teJnents al'e iiot in agreenient with the accoutsting records retums, or ertain di8closures of trustses renwn¢ration spooified by18w are not llmde. oi we have not i¢roiv¢d all the information and explanations we TequiT¢ foT our audit. Responslbllltles of trustses As explained more ftilly in tlie stat¢D￿nI of trustee8' respotssibilities (set out on p&ge 5), tlie trustees ar¢ sponsible for th¢ preparation of the finwial Stat￿llents and for boing satisfied that tbey give a truc alld fair view, and for such IThl¢rn￿ &ontrol as the trnste#s d#tormine is necttssary to ￿lable 11)c preparation vf f￿ancIal statemettts that are free fLOm material itii8gtatement, whether due to fTaud OL error. In prep&riThg the financial statetnents, the trustets are iesponsible for assessing the Ch￿Ity'S ability to continue as a going concern, th'sclosAl1& as upplicable, m&tter8 rela1￿ to going ¢oncern and usiiig tlie goiug conccm b¢￿Is of accounting unless tbe tTUStees either intend to liquidato the ohatity or lo cea8e operalion8, or have no realistic a]ternative bul to do SQ. Auditor responsibilities for the audit of the nnanclal statLthmLthnls Ow objeclivcs ur¢ lo obt&iTh reasonabl¢ assurance about whether the finan¢i#l statemeiils as * whole are free from material n)issl&tsment, Nvhetber dll¢ Éo fraud or ￿TOr, al￿ to issuo an auditor's report that inGludes our opinion. Reabojwble assurance 18 & 1)igh level of asgurance, bul is not a gL]arantcc that an audil COT￿l￿ted in accordance with ISAS (UK) will alwLyS detect a materi&l misst&tcment when il exists. Misstatemeiils can arise fraiid or emir and are ¢onsidered mat¢rial if. indivi(knally or in tbe aggr¢g&te, they could T¢asonably bo expected to illfluellLe the econo1￿16 devisions Ori￿rS taken orj the basis of these £llLanuial slatsmenls. Thc extent to which Ol￿ procedures are capable of det¢oting irregularities, ti)¢ludi]Jg fralid 18 del&il¢d below,. Pag¢ 7 Mires Beck Nursery llldependent Auditor's Report to the Members of Mires Beck Nursery We obtaiiied an Unders￿]dIng of laws regulations that affect the charity &iid the Illdi￿ in which Èt operatss, includiug the Coihpèmies Act 2006. tsx legislatio￿ ¢mploymenl legisl&tion, data proteGtion aftd he4lttL )d safety legislation. We n)ade enquiries of management with re8￿a8 to compli￿7¢e with the above law8 and regulations and orroborated any necessaly evidence to ￿levant information, In respoLW to the risk of ittegularities ￿]d llon-GonipliaiiL¢ wAth laws and reglllatiolls, we eliquired managemeiil a8 to ajiy 8CtLwI or poteiilial litigati￿lS clairns, revi¢wed correspondence with HMRC, r¢levant regulators and the companies, leg#1 &dvisoi's, and agreed finanoial stateinent disclosures to undei'lyiiig documentatioll. We deterjnined materlalily attd a&qegsed the i'isks of nMlerial mi8Statsn￿llt in the fjnattcial 8tatenLents. W¢ looked at where management made SLibj¢ctive jiidgemenÉg, for example in respect of significant a¢co]mÉing estiinates that illvolved making asgwttptioI￿ and considgrillg fiitur¢ ev¢llt8 that are inher¢rttly imcertain. We gaii)ed an wideTStandirtg of the contro15 Inai)ag¢ment bave ID place to prevent and detect frAud and enquired of any illstances of fraiid that had tthll placts during the period. In as8¢ssing the risk of fi'aud due to managemetLt overrkde of intgrJ]al Colltrols, we tested the appropi'iateness of journal entries, peTformed analyti¢al procedures, a88essed whelher judgemwts n]ade in accol￿tillg estiirat'es were indicative of potential bias. Uge ot our report Thi& ieport is nthde sol¢ly to the charitabltt company's trustees, as a body, in aGGord8nco with Chapter 3 of Part 16 of tbe Compani¢s Act 2006. Our audÈt WOTIC ha8 be¢n uftderthkon so that we might state to the charily's ttustees those m&tter8 we are reqLiiI'ed to state to them in an auditor's repoit &id for no other putyose. To tb¢ full¢st extent permitted by law, Ive do not atscept or assume responsibility to anyone other than the charit&bl COMp￿Y and ils trustees as & bodyj fot our audit woi'k, for this Teporl, or for the opiniong w¢ Iwvo formed. Roger CaiD¢roii (Senior SIRtiitory Aiiditrjr) For and on behalf ot Cameron Ftrriby & Co, Statutory Auditor Bridge House 41 Wincohn]¢g 14ull East Yorkshir¢ Cast Yoi'kshire HU2 8AG 23 Jamwy 2025 Page 8 Mires Beck Nursery Statement of Financial Activities for the Year Ended 30 September 2024 (lllcluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted ReslrficÉed Note IACOO)tt li ndowments from: Donatioiis and legacies Charitable activities Other trading activities Investtnent incon 115,803 752,550 266,150 902 31.030 146,833 752,550 266,150 902 Total Income 1,135,405 31.030 1,166,435 Expendltllre on: Raising fi￿d8 ChEllitable activities Governance costs (29,86 (987,648) (17,167 (74) (21.581) (29,941) (1,009,229) (17,167 Total ExpendiLure 1,034 682 2l,65 1,056,337 Net incoin¢ 100.723 9,375 110,098 Net movement in £iilld8 100,723 9,375 110,098 Reconcillation of funds Total fimds brought forward 629,989 8,316 638,305 Tot￿ fimd8 carried forward 18 730.712 17,691 748,403 Tutal 2023 Unrtsstrleted Restrlcted Note Income aiid Endowmeiits from: Donatioiis aiid legacies Cbaritable activities Other tradiiig activities Investinent income 157,772 645,615 266,407 30,620 188,392 645,615 266.407 610 Total InGoine 1,070,404 30,620 1,101,024 ExpeDdAtur¢ un: Raising funds Charitable ¢iCtivities Governance costs (36,864) (987,117) (18,358) (36,864) (1,012,081) (18,358) {24.964) Total Expenditure 1,042,339) (24,964) 1,067,303) N¢t iDCOll Transfers betweell fLmd8 28,065 16,961 5,656 16,961) 33,721 Net inoveiDeDt in funds 4S,026 (11,305) 33,721 The notes on pages 13 to 21 form an integral part ofthegtt financial slatemeiil's. Page 9 Mires Beck Nursery Statement of Ffinanclal Activitle5 for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestricted Restricted Note R¢conclliatlon of fllnds Total fLU￿S brou£hl forward 584,963 19,621 604,584 Total ftuids carried forward 18 629.989 8,316 638,305 All of the chartty's activitie8 derive froin rontiiwing op¢i'atioiis during the above two periods, The fund8 bi'eakdown for 2023 is showii in i)ole 18, The notes on pag¢s 13 to 21 .Forrn an inlegrnl p￿t of tbese fillanci￿ stat¢m¢nls. Page 10 Ivllres Beck Nuryery eglstration number: 02928901) Balance Sheet as at 30 SepteEllber 2024 2024 21)23 Note FJx¢d assels Tangible assets 12 313,827 313,827 334,765 334.765 Current a$set$ Stocks D¢btOTS Cash at bank and in hand 13 14 225,314 77,022 203,934 175,740 80,312 138,581 506270 394,633 Creditor5: Amounts falllng due wlthln one year 15 (52,629) (61,992) Net currellt assets 453,641 332,641 Total Assets less curreut liabilitie5 767.468 667,406 Credltor8: Amollllts Yalllng due after more than one year 16 19,065 29,101 Net assets 748,403 638.305 r4uud5 Ofi. the eharity: Restrlcted Income funds Restricted funds 17,691 8,316 Unrestrlct¢d llleorne fllndi Uiirestricted fl￿￿$ 730,712 629,989 Tvtal funds 18 748,403 638,305 The financial 2025 xnd si8lle nts on pag¢s 9 to 21 wer¢ approved by th¢ trustess, alld authorisvd for i8siie Oll 23 Januaty ir b¢h¥41f by: on Mr J R Garllier TrLlStee rhe notes on pages 13 to 21 forin inteEral parl of thege finithcial statements. Page I Mires Beck Nursery Statement of Cash Flows for the Year Ended 30 September 2024 2024 2023 Note Cash IIow8 from opgrntlng activltles N¢1 cash income 110.098 33.721 Adjustments to cash flows from non-cksh Items Dep￿CIAtiOn Inve8tnT¢nt incon Lo88 on disposal of tangible fjxed a8sets 20,938 (902) L8,956 (610) 4,971 130,134 57,038 Woi'ldnE eapltal &dJustments Increase in 8toclc8 Decr¢age/(illcrease) in debtors (Decrease)lincrease in creditors Net cash flows from operating aclivitieg 13 14 15 (49,574) 3,290 9,613 (17,568) (25,423) 17,538 74.237 31,585 Casli Jlows trom investlng activltles Inter¢8t receivuble and similar incoine PurLha8¢ of tangibl¢ fjxed assets Net Lasb flow8 from investing activilLe8 C#sh flows from tlnancing activiti Repayment of Io&llS and borrowings Nct inci'ea5e iii cash and cash ¢quivalertts Casli and equival¢iils ai l October Casb aiid casb equivalentg at JO Sept¢tnber 902 610 {4,973) 12 (902) 4,363 15 9,786 (8,717) 65,353 18,505 120,076 138,581 203,934 138,581 All of the ¢a8b flows ar¢ dei'ived from ¢ontiiiuiiig opeiations during ihe above two period8. The notes on pag¢s IJ to 21 forn) an integral parl of tbese fin&uicial stalements. Page 12 Mires Beck Nursery Notes to the Financial Statements for the Year Ended 30 September 2024 I Charlty status TILe ch￿lty is limited by guarantee, iiicorporated in Engla1￿ & Wales, ￿]d consequently do¢s nol hav¢ slwe capital. Each of IlLe truthes is liable to Gontributs an amoimt not exceeding £1 tow4rds the ass¢t8 of the obarity in the event of liqiiidation. The address of it& registered office is: Low Mill Lane North Cave BROUGH Ea8t Yorkshire HU15 2NR These financial stFLtemcnts were authorised for issue by Ihe ttwtges on 23 January 2025. 2 Accounting pollcies Sllmm#ry of %lgnlhc&nt aceollntlng poll¢Jes key #teo￿￿tIng estlmates Th¢ principal acc(Nlltting policies applied in the preparatioii of these finaiicial staternents are let out below. These policieg have b¢en co]J5iSt¢nLly apptied lo all the years presented, unless otherwise state St4tsm¢nt ol Lompliance The fiDanoial slatemcnts have been p￿pared in accordance witli Accounliiig ￿]d Reporting by ChaTitie8.' Statement of RecotJmendod Piathico (applicable to chatitieg Prep￿illg thcir accoLllLts ill accordallce with the Finantiid RepoiLtng Standard appliLabl¢ in the UK. &nd RepubliL of I￿land (FRS 102)) (l58l￿d in Oclober 2019) - (Charitie$ SORP IFRS 102)), the FitTrLoial Reportmg SIBnd8rd applicable in the UK and Republic of Ireland (FRS 102) and ibe Compani¢s AGL 2006. Basi8 of prep&riqtion Mil'es Beck Nursery ineels the definit'ioii of a piiblic benefit eiitity under FRS 102. As8els and liabilities are itiitially recognised at historical cost or tr8nsactioJ value uiiless othorwi%¢ statod in the rel¢wit accothiting policy notos. Going Collcern The trus11%5 consider that there are fto material uncertainties V¢bout the charit￿$ 1¢ bility to continue as a going Lollceni iior ￿lY siglllfic1￿t aroAs of uncertainty that aff￿t the carrying value of ass'el8 held by the clwity, Incoll￿ xnd endowments All illGom¢ is rgGogni8ed once the charlty has entitlement to the income, it is probable that tlie incom¢ will be received and the amount of Ibe income receivable be measured reliably. Donations ond legacies Donation8 are recognised wli¢n thc LIwity has been notifjed in writing of bo￿) Ilie amount and settlem￿t date. In the event that a donation is subjeL* to conditions diat reqiiii'e a level of performance by the rity before the charity is ¢titill¢d to th¢ ful￿S, the income is deferr￿ &nd iiot kcognisea until either those conditions are fujly rnel or Lhe fulfilinenl of those condiliong is wholly within Ihc Loi)trol of 111e chttrity and it is probable that Iliese conditioits will be fulfillod in tbe i'eporting period. Page 13 Mires Beck Nursery Notes to the Financlal Statements for the Year Ended 30 September 2024 Expendlture All ¢xpendiMre is r¢¢ognised once there is a legal ot constmtive obligatioii to that expenditure, it is pi'obabl¢ setilemont is requir¢d and thc amount c&n be m￿Slir¢d reliably. All costg are allocated to the applicable expendi￿re Iieading that aggi'egate 8imilar cogts to that oategory. Where cogts car)]wt be dlrectly attributed to particular headings they have been allocated oll a basis ¢onsist¢nt WAth the use of resources, with central staff Costs ￿loLated on the basis of tinr spent, and depreciation clwg¢s allocated on th¥ portion of the asset's iise. Other suppoi'l Gosts are allocdted ba8ed on the spreud of staff costs. Rttl&iAg}unds These are cost8 inCUr￿d in attracting voluntary incon￿, tbe M￿jageD]ent of illvesttnents and thoge incurred in Iraditig activities that raise ftinds. Fulld Aceounting. Gen¢ral funds are unrestriclEd fimds which available for use at tlie discretion of the Board of Truste¢s ill IILe furtherance of the general objectives of the charity, and iii accordance with tb¢ oonstithtion. Desiynated fiinds are amouiit8 that have beui put dside at Ilie diSc￿tiO￿ of tbe board of Trustee8. Restricted funds arg fiTFLds bject to specific restrictions impos¢d by the donors. Ch￿rItable aetlvitles Charitoble expendittire comprises those costs incllried by the charity in the delivery vt ils activities and senlices foi its benefici￿1¢$. It includes boib oosts lliat can be a]localed directly to such activilieB and those costs of an Indi￿¢t nathi'e necessary to guppoi't them. Support Costs Support cogts include Lentral funclion8 and have been allocated Lo activity cost c&legories Oll a basis consistcnl with Ilie use of resources, for exaniple, allocating property costs by floor areas, or per capita. staff cosls by the tim¢ Spent and other costs by their iisage. Governanee Losts These inblude the Losts attributable to th¢ LI]￿lLy,9 wmpliance with constiiutional and slatutory r¥qu1￿ments. including indeperLdant txaLtination uiid 8trategAc inanagem¢t TaxAtlon The chaTily is con8idered to pass tbe tests set out in P￿&graPh I Sch¢did¢ 6 ot th¢ Fiiiance Act 2010 alld tljerefore it iheets the definitioii of a charitable company for UIC corpoiatioii tax piwposes. Acconlirtgly, the charity is potentially exernpt from taxation in ttspe¢t of iiiconr or capitaj waiiis received within categories cover¢cl by Ch8Pter 3 Part l L of tile Corporation Tax A¢t 2010 or Section 256 of tlie Taxation of Ch￿Seable Gains Aci 1992, to th¢ extent that suclj incoine or gains are applied exclu8ively to charitable PUTPOKS, Tanglble fixed assets Individual fixed assets costing £150 or inore are initially recorded al c08L le8s any subsequent accillnulated deprcciation and subsequcnt ac￿lInEil￿ted inlpainnent1088￿. DepreLiation and amorti%a*lon DepreciJtion 18 provided on tangible fixed I￿8¢1$ so as to write off th¢ cogt or valuatLOlI, less any estimated residual value, over theii. expected us¢fid eLoiiomic life as follows- Page 14 Mires Beck Nursery Notes to the Financial Statements for the Year Ended 30 September 2024 Asset class Deprecintion method and rate 00/0 dlld 20/0 on cost,. 151/0 on reducllig balance 15 /, 250/0 ￿]d 33 /0 on i'ediiciiis balan¢g,' Land and buildin89 Furniture and equipinent Stocli Slocl< is valued at the lowtti of cost and e8timal¢d sellii)g pric¢ less costs to complete atth sell. after thie i'egard for obsolete al￿ slow moving stocks. Cost 18 d&￿MIngd using the fllst-in, fw6t-out (FIFO). Trade debtors TTade d¢btors are amounts due froln cUston￿ts for mell1￿￿]se sold or services p￿.r0rn￿d in the oldin￿Y coitrse of biisine88. Trade debtors are reL'ogÉJi8ed initially at tl)e transaction prffice. Tliey are subsequently measured at aJ)orknsed cost using tkn cffgctive intgregt ￿ethod, less provision foi. iillpaii'menL A provisloii for tbe impairrnent of trade debtors 14 established when there is objective evAden¢e that the chw'ity will nDt be able to collect a]1 anwunts due aGGording to thE origiiial terms of the reaeiv&bles. Cash #nd cllsh equivalents Cash and casli equivalents conwrisc cash on haiid and call deposit8, and oth¢T short-term highly liquid lnves1n￿1ts that are readily Lonvertible to a known amount of cash and art subjttLt to an in8iguifiLant risk of hange in value. Trade creditors Trade creditors are obligatlOll8 to pay for goods or 8erYices that liave been acquired in the ordinary cout3e of bu8incss from siipptiers. Accouttts payabk are classified as ciittertt liabilities if th¢ ¢L1rity doeg not have an uncondition&l righL at tlie end of the repoiting pa'iod, lo defei settleinent of the creditoi. foi. al least twelve Lnonths after the reporting date. If th￿e is all un¢onditiollal right to defer settleinent for at Icas't twelve inond aft¥r the ￿portIng datcJ, they are presented as noii-current li&bilities. Trade ￿edItorS ￿re recognised iilltially &t tbe tr￿lS&ctiOl] price ￿]d Subsequently measured &t ￿￿OrtiSed cost usittg the effective itLtercst m¢thod. Page 15 Mires Becli Nursery Notes to the Flnancial Statements for the Year nded 30 September 2024 Forelgn exchfinge Tran8actioiis in foreign currencies are ￿e0rded at the rat¢ of exchange at the dpAte of the ttwnsaction. Monet9ry assets and liabilities d¢iioLnin8t¢d iii foreign Lurrencies fAt the balan¢e sheet date are reported at tb# rates of exchange pr¢vailii)g &t tliat date. Th¢ results of ovei'Kas operations dre translalEd at die aveTagtt rates of exchange ditring tbe period atsd their balillice sheeÉs at th¢ rdte8 fLding at the balance shee¢ dale. Exchange diff¢r¢nceg arisillg on trthnsl&tion of the opening net assets results of overseas opera11011s are reported in other ¢omprehen8ive li￿o￿tt and accumulated ill equity (attributed to non-coiitrolling intere8t8 appropriat¢). Other exch&nge diffeia)ceg are ieGognised in the Statement of Fmancial Activities in the period ill which they arise ¢xc¢pt for: I} ¢KGlwllge differences on traJJ8uctions entered into to hedge certaiu foreiBll currency risks (see above). 2) exchange differeiices arising oll 8aillS or losges on non-lnoiietary it¢ms wkich are recognised iii other comprehensive incoine. and 3) in the ca8e of the consolidated financial statemetttg, exchange differences monetary Item8 receivllble from or payable to a foreign operation for Mthich settlement 15 neither plamied nor likely lo occur (therefore forming part of the net investment Ill the foirign operation). which are recognised in other coJnpr¢honsive income and repoited linder equity. Wund structure Unrestricted incorne fw)ds are gonw'dl funds thai &re available for ilse at tbe lyustees digLYetion in furtbeTllnce of the objectives of ttLe oh￿lty. Rc8tricted incotne fllttds are those doLthd for use in & particular aroa oi. foT specific pwpose8, the use of which is rcsli'icted to that area or purp()se. 3 InLome from don*tions llnd leg&Lies Unrestrlete41 fuiids General Restricted tunds Total I'uttds Donations and legacies,. DOnati￿lS from individuals 115,S03 31,030 146,833 Total for 2024 115,803 31,030 146,833 Tolal for 2023 157,772 30,620 188,392 Pagc 16 Mlres Beck Nursery Notes to the Flnanclal StAtements for the Year Ended 30 September 2024 4 Ineome trom charithble Rctiviti Unrestrlcted funds Geiieral Total runds Service8 to b¢neficAwies 752,550 751550 Tot&1 for 2024 752,550 752,550 Total for 2023 645,615 645,615 5 Income from other tr)￿Illg a¢tlvities Ullrestrlcted fundB GÈnerAI Total funds Trading income; Sal&8 of good8 alld servic 266,150 266,150 Totjl for 2024 266,150 266,150 Total liir 2023 266,407 266,407 6 1nve5Ément income Unrestrlcted fund8 GeneY&l Total funds Int¢re8t rec¢iv8ble similar income, tsrest receivable on bsu)k deposit8 902 902 Tot*1 for 2024 902 902 Tol#l for 2023 610 610 7 Expenditure on charitable thetfvltles Unrestill¢ted fund& Geiieral RLstrlcted t'und$ funds Note Services to beneticiaries Governance Costs 987,648 17,1.67 21,581 1,009,229 17,167 Total for 2024 1,004,815 21,581 1,026,396 Totsl for 2023 1,005,475 24,964 1,030,439 P&ge 17 Mires Beck Nursery Note5 to the Fin&nclal Statements for the Year Ended 30 September 2024 8 AnAlysis of governanco and support CD8t8 Governxnce costs Unrestricted funds Getteral Total funds Aiidit fee8 Audit of the financial statem¢nts Other fees paid to uuditors Legal attd professional tees Other goveriiance costs 4,000 5,040 6,385 1,742 4,000 5,040 6,385 1,742 Totxl tor 2024 17,167 17,167 Total for 2023 18,358 18,358 9 NEt incominglolltgolng rLsources Net incoming resoutC¢8 for the year include: 2024 2fJ23 Loss on disposal ot tangible hxed assets Dcpreciatlon of fixed agsets 4,971 18.957 20,938 10 Audlts)rs' remlln¢ratlon 2024 2023 Audit of the financial Statements 4,0(K) 3,600 Othei fees to audltors All other non-audit 8ervic¢s 5,040 7,610 Pagc IS Mlres Beck Nursery Notes to the Financial Statements for the Year Ended 30 September 2024 11 T&xatloll The ¢harity is a iegistered cbarity attd is t1]￿efOre exempt from la%Atio]L 12 Tinglble fixed assets Lthnd buiidingB Fllrnlttjre and equipment Totsl Cost At l October 2023 337,120 289279 626,399 At 20 September 2024 337.120 289279 626,399 Depreclatlon At l October 2023 Charge toi the year At 30 S¢ptemb¢r 2024 82,360 5,764 209,274 15,174 291,634 20,938 88,124 224,448 312.572 Net book vallle At 30 Septembet 2U24 At 30 September 2023 248,996 64,831 313.S27 254,760 80,005 334,765 13 Stock 2024 2023 Stock6 225,314 175,740 14 Debtors 2024 2023 Ti'ade debiotE Prepa￿nents Other debtors 33,663 43,359 34,285 45,897 13C) 77,022 110,312 Page 19 Mlres Beck Nursery Notes to the FlnancRal Statements for the Year Ended 30 September 2024 15 Creditors: amounts fttllftng due wlthln oiie yexr 2024 2023 Bank loans Trade creAlitors Other t&xatiott and 80cial gecurlty Other oreditors Acciuals 10,037 6,587 22,037 2,802 11,166 52,629 9,787 23,692 17,926 926 9,661 61,992 16 Credltt)rs: amount$ falling due after one year 2024 2023 Banlc loans 19,065 29,101 17 Commitmcnts C2pltAI e(bmmltmenÉs The lolal 4UllOUDt contracted for but not provided lli the financial statemeiitg was £18,903 (2023 - £29,683). 18 Funds Bal£tnce at 30 September 2024 Balance at I October 2023 Jncomlng resullrces Regources expended UArestrl¢tsd funds Geiieral 629,989 1,135,405 3R,030 (1,034,682) 21,65S 730,712 Re8trlct¢d funds 8,316 17,691 Total funds 638,305 1,166,435 1,056,337) 748,403 Page 20 Mires Beck Nursery Notes to the Financlal Statements for the Year Ended 30 September 2024 Ba￿llee at 30 September 2023 Balance at I October 2022 Incomlng resource& Resoure expended Tr#nsfers UnrÈstrlcted funds General S114,963 1,070,404 (1,042.339) 24,964 16,961 629,989 Restiieted tiuid 19,621 Total funds 604,584 1,101,024 1,067,303 638,305 Page21 Mires Beck Nursery Detailed Statement ot Ffinaneial Activities for the Year Ended 30 Septenjber 2024 Total 2024 Total 2023 Income and Elldolvn￿nts from: Donations and legacies (analys¢d below) Cbaritabl¢ activities Canalysed below) Other tradiiig activities (analysed below) Inv¢stment ittcoine (￿l&lYSed below) L46,833 752,550 266,150 902 188,392 645,615 266,407 610 Total ii)come 1,166,435 1,101,024 I xpenditHre on: Raising funds (gillaly8¢d below) Charilabltt activiti¢8 (analysed below) (29,941) 1,026,396) (36,864) (1,030,439 Total expeiiditure (1,056,33 1,067203 Net inwrne 110,098 33,721 Net movem2nl in funds 110,098 33,721 Retonclllation ot fimds Total fwids broiight fonvaiyt Total funds catyied fon¥&rcl 638,305 748,403 604 584 638 305 This page does not forJJ part of the gtalutory t]rwicial statements. Page 22 Mires Becl< Nursery Detalled Statement of Financial Actlvities for the Year Ended 30 September 2024 Total 2024 Totthl 2023 Donations restt'ict¢d Donations unrestricted 31,030 115,803 146 833 30,620 157,772 188,392 Charilable adivitse Fees reotrived 752.550 645.615 752,550 645.615 Other trathng a¢ilvilies Nursery sales Canteen sales Course fees 263,390 833 1,927 262,616 2,551 1,240 266,150 266,407 Interest on cash deposits 902 610 902 610 RaisingfvAds Opellill8 gtofjk Purchases restricted Pui'cliases unrestrict¢d Cwifroll ¢osts Advenisiug alld n￿ketillg Cours¢ expenses Closiiig stock Tolephone alld fax Printing, postage and 81ationtsry Bank charges Bad debts WLitten off Lestri¢kd Bad debts. written off uJ]re8tricted Foreign ¢ll￿encY (gains)Ilosse8 (26,361} (74) (20,420} (2,790) (3,855) (1,165) 33,797 (4,840) (2,855) (1,081) (133) (72) (92) (23,726) (17,178) (4,866) {5,746) {2,546) 26,361 (5,028) (2,662) (1,473) ChaAÈable aetlvities Opening s￿)￿( Pur¢haseB I'e8tricted Purchases iinrestricted CIo8iiig stodc Rcllt (149,379) (419) (115,713) 191.516 {11.181} (134.446) (123,833) 149,379 (10,344) This page do¢s not fortn parl. of tljc statLttory findllcial sta*mLmls. Page 23 Mlres Beck NuTsery Detailed StY4tement of Finanei81 Activities tor the Year Ended 30 September 2024 Total 2024 Total 2023 Wages ancl 8