(Charity Registration number 1048973) ST. CATHERINE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 AUGUST 2024 ST. CATHERINE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL LEGAL AND ADMINISTRATIVE INFORMATJON YEAR ENDED 31 AUGUST 2024 St. Catherine's Hoddesdon C. Of E. Private Nursery S¢hool was fouDd¢d in 1995. Its Consti￿tional and operational pmcedures are set out in the governing document that were last amended in April 2005. It is a reElStered ¢harity and the Registration Number is 1048973. Trustce5: Jane Acreman - Chairperson Kealey White- Vice Chair L¢igh Davies- Secretary K¢rry O'Rourke Ainanda Griggs Lyn¢lt¢ B¢ll YEAR ENDED 31 AUGUST 2024 Mrs S Dixon Inde endent Examiner: Sean Clark Southwell. TyTTell & Co. Chartcrcd Acoountants 41 Baldock Str¢¢t Ware Hcrt5 SG12 9DH Banker5". National We$tminster Bank Pl¢. Hoddcsdon Chatham Customer Servic¢ Centr¢ Western Avenu¢ Wat¢rsid¢ Court Chatham ME44RT j5tered Address: Hasl¢wood Avenu¢ 14oddesdon HErts ENII 8HT ST. CATHERINE'S HODDESDOP4 C. OF E. PRfvATE NURSERY SCHOOL TRUSTEES, REPORT YEAR EINDED 31 AUCUST 21n4 The Trustees have pleasure in prc5enting their Annual Financial Sialements for the year ended 31 August 2024. The financial Statements have been prepared in accordance with Aecounling and Reporting by Charities-. Statement of Rccotnmended Practice ISORP) applicable to charities prcparing their accounts in accoidance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (¢ffcctive l January 2019) and with the requirements of FRS 102. OBJECTIVES & ACTIVITIES To enhance the devclopmcnt and cdu¢ation of ¢hildren primarily under ststutory school age by cncouraging parents to understand and provide for the needs of their childrcn through ¢ommuDity groups. Th¢ nursery provides sessional childcare for children aged b¢twccn 2 y¢ars 6 months to school age. FINANCIAL REVIEW Th¢ Charity derives its income mainly from thc governm¢nt grants and th¢ f¢¢s. The government grants and the fees received were increased during the year. The ov¢rall in¢ome increased by £16,054 to £137,811. The total expenditure increased during the year by £12,442 to £152,372. The overdll funds available for th¢ Trustees, of whicb is all unrestricted, decreased by £14,561 to £31.333. RESERVES The Trustees consid¢r the n¢t a58Cts at 31 August 2024 as representing the reserve5 held for future charitabl¢ PUTPOS¢S as all monies are l)eld in unrestrict¢d funds. RISKS Thc trustces l)AVC A duty to identify and review thc risk5 to which the charity is exposed and to ¢n$ur¢ appropriate controls are in place to provide reasunable assurance against fraud and e￿Or. As the nursery receive8 the majority of its income from the Early Years Education grant provided by the Government any significant fall in valu¢ could be 8 Potential risk to the continuation of the nursery in its currcnl form&t. Children numbers tend to be lower in the autumn t¢rni {Sept- Dcc) but inrr¢as¢ for th¢ springlsummer ternis. In order to maintain a strong financial base the nursery needs to meet its quota of at least 25 children per 5cssion for the final 2 terms to achicvc this. Staff contracts are reviewed to ensure that salary costs are proportionate to child￿￿ ratio'5 and spending is carefully monitorcd. STRUCTURE GOVERNANCE AND MANAGEMENT St. Catherine'5 Hoddesdon C. Of E. Private Nursery School was found¢d in 1995. Its constittjtional and operational procedures are set out in the charitys constitution that were last am¢ndcd in April 2005. It is a rebTiStered charity and the Registration Number is 1048973. The nuTsery is registered with 0]￿STED and also also a member of the Early Years Alliance. ST. CATHERJNE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL TRUSTEES. REPORT YEAR ENDED 31 AUGUST 2024 The overall managemenl and control of ihe nursery will rest with the individual membeTS of the management committee. As w¢ll as being responsible foi the management of the nursery th¢ Coinmittee members arc #Iso the ¢harity tru5te¢5. Thc trustees arc drawn from serving members of the management committee of the nursery. TNslees are appointed each year at the Annual General Meeting. Following a clear DBS check and registration with OFSTED the trustees may vote at meetings. The trustees meel once every half temi to discuss perforn)ance, children numbers, finance. poli¢y reviews and any mallers ihit have arssen. Policies, procedures and risk assessments are Adopt¢d from the EYA and adapt¢d to th¢ sctting. The nur5cry also lakcs advic¢ from Hcrtfordshir¢ County Council. ST. CATHEIUIYE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL BALANCE SHEET AT 31 AUGUST 2024 Notes 2024 2023 FIXED ASSETS Cquipmenl and Teaching Aids Premises Expenditure 66 99 66 99 CURRENT ASSETS Debtors YEAR ENDED 31 AUGUST 2024 Current Account 33,419 47,250 Savings Account 33,419 47.250 PREPAYMENTS AND ACCRUED INCOME Prepayment- Rent 173 173 33,592 47,423 CURRENT LIABILITIES Creditors Payable Within One Year 10 2,325 ,628 NET CURRENT ASSETS 31,267 45,795 NET ASSETS 31,333 45,894 REPRESENTED B Y:_ RESTRICTED FUNDS UNRESTRICTED FUNDS 31.333 45,894 Total Charity Fund5 31,333 45,894 / Oo.aci25 Trustee name Signature Date Signed On behalf of the Board of Trustees ST. CATHERINE'S HODJ)ESJ)or4 C. OF E. PRIVATE NURSERY SCHOOL INDEPENDENI. EXAMINER'S REPORT YEAR ENDED 31 AUGUST 2024 Ind¢pendent Examiner's Report to the Trustees of St Catherine's Hodde5don C of E Private Nursery School I rq>ort to ihe charity trustees on iny examination of the accounts of the ¢harity for the year ended 31 Au8USt 2024 which a￿ set out on pages 6t0 11. RespoN$ibllltlcs and bosls of report A5 the charity's trustees you are Tesw)n$ibl¢ for the preparation of the accounts in accordance with the r¢quiremerÈts of the Charitics Act 2011 ('the Act,). I report in ￿pect of my examination of the charity's acrounts ca￿led out under yection 145 of the Act and in carrying out my examiiutioij I havc followcd all th¢ Jpplicablc Dircctions 8ivcn by thc Charity Commissioo undcr s¢ction 145(5Mb) of thc Act. Independent cxamlner'$ $t9tement I havc completcd my ¢xamirtatJon. I confirni tliat no matcrial rnattcrs hav¢ come to my at￿ltIOn in ¢onnc¢iion with thc exam2nation giving mc cau5¢ to klieve that In any material r¢spect.' accounting rccords wcrc not kept in r¢swt of th¢ ¢harity a5 rquircd by sectrthi 130 of the A¢1: or the aceounts do not accord with ihose records,. or the accounts do not cornply with the applicdble requirements concerning the foTrn and toD￿nt of a¢¢ounts set out in the Cliaritics {Account5 and Reports) R¢gulations 2008 othcr than any rcquircmcnt that thc accounts giv¢ a 'truc and fair vicw, which is not a m&tter considered as part of an independent exan￿natiOn. I have no ¢on¢¢rns and have comc across no othLY matters in connection with thc ¢xamination to whieh attcntion sh(￿Id bc drnwn in this report in order to enable a prop¢r und¢rstanding of the account5 10 be reached. Sean Clark Southwell, T>Trell & Co. Chartcrcd Accountants 41 Baldock Strect Ware Herts SG12 9DH 14 May 2025 ST. CA THERINE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 21124 Notes 2024 Unrestrirled Restricted Funds Funds 2023 Totxl Funds Tot&1 Funds INCOME Fees Receivable 11.540 126.231 40 11,540 126.231 40 13,855 107,783 Grants and Donations Fund-raising Events Bank Deposit Interest (Net of Income Tax) JRS Grant YEAR ENDED 31 AUGUST 2024 Tot81 incoming resourc¢s 137.811 137,811 121,757 EXPENDITURE Accommodation 2,400 2.138 524 127.585 2.138 2,400 2,138 524 2,400 2.083 817 Insurance Operational Costs Salaries and Natiollal Insurance Snacks and Cleaning Supplies Advert15ing Staff Training F¢¢8 Bank Charges Payroll Admini5trativ¢ Charg¢s Sundry Expense5 Depreciation - Equipment Depreciation - Pretnis¢s Equipment General Maintenance 127,585 2.1311 111,159 1,616 161 1.064 5,971 180 450 2,232 157 450 2.232 157 636 1,96l 33 636 1,961 33 624 2,025 50 6.681 3,346 1,053 1,038 6.681 3.346 1,053 1,038 2,055 7,181 1,064 1,480 Telephone Mana¥ement and Administration Other legal and professional costs Total expendfiture 152,372 152,372 139,930 Net incornel(c%penditure) for the ve4r -14.561 -14,561 -18,173 Transfer between Funds Net movement in Funds 14.561 14.561 18,173 Fund Balances at 31 August 2023 45,894 45.894 64,067 Fund Balartce5 at 31 August 2024 31,333 31.333 45.894 ST. CATHERINK'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL TRUSTEES, REPORT YEAR ENDED 31 AUGUST 2024 STATEMENT OF I'RUS'fEES' REspof4SIBILI"fiES The trustees are responsible for preparinuF the Trust¢e$' Annual Report and the financial Statements in accordance with appIl￿bI¢ law and UK Generally Accepted Accounting Practice. Thc law applicable to charities in England & Wales requires the tnjslees to prepare fit]ancial statements for each financial year which give a true and fair view of t])e state of affairs of thL charity and of the incoming resources and application of resourc¢5 of the charity for that period. In preparing ihese financial statements, the trnstees are required to.. select suitable a¢countinE policies and then apply them consisteiitly. obscrve thc tncthods and principlcs in thc Charitics SORP 2019 (FRS 102) make judgerncnts and cstimatcs that arc rcasoT)able and prudent. state whether applicable accounting standards have b¢¢n followed, subjcct to any material depaTture8 disclosed and explained in the fiTranei21 slat¢tnents', prepare the financial statements on the going conc¢rn basis unless it is inappropriate to presume that the charity will continue in operation. The Irustees are responsible for keeping proper accounting records that disclose with teasonabl¢ a¢¢uracy ai any tirn¢ th¢ financial position of the charity and enable them to ensure that the financial siatements comply wsth th¢ CharitlC5 Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. Th¢y are also respon$ibl¢ for safeguarding the assets of the charity and hence for taking r¢asonable steps for the pr¢vention aT)d det￿tIOn of fraud and other irregularities. /9 oi aoJi . Trustee name Slgnatllre Date Signed On bchaifof the Board of Trustees ST. CATHEIUNE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL NOTES TO THE FIIYANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES a) Thc financial statuncnts havc bL¥n prepared in accordancc with Accounting and R¢porting by Charitics.. StatCTncllt of Recommcnded Practjce {SOILPI appli¢able to charities preparing their accounis in aecordance with tlic Firw]cial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeciive l January 2019} and with ihe requireinents of FRS 102. The St. Catherinds Hoddesdon C. Of E. Private Nurs￿ School mcels the defjnition of a publi¢ benefit entity under the FRS 102. Assets and liabilities are tnitially recognised at historical cost or transaction value unless otherwise stated in the relevant ac£ounling policy note(sl. b) In preparing these accounts, the Trustees have considered whether applyng the aceounting poli¢i¢s required by fRS 102 and the Charities SORP FRS 102 the restal¢ment of ¢ompaTative item5 was rquired. No such restatements were required. ¢) The Trustees consider that the￿ are no material unccrtainties about the Chariry's abiliry to continue a5 a going concern. d) Donations are $hown on a cash received basis. No Gift Aid r¢li¢f was claimed. Interest and dividend5 income are accounted for on a cash received basis. Interest is received gros5. Tax on dividends is no longeT recovErable by charities. e) Gr&ni$ and priz¢5 are accounted for on a eash paid basis. All other costs are accounted for on an ac¢rual basis. Q Advantage has been tsken within thc proYi5ions of th¢ St21¢menl ofRecommendin8 Prdetice to show on th¢ Sl8i¢meni of Financial A¢tiWlies expenditure classifications appropriat¢ to the Charity. g) No cash now stat¢meot has bcen prepared as thc Charity falls within the Cxemption PTovisions of FRS 102-Stat¢m¢nt of c&sh flow" h) Depreciation is provided on Fixed A55¢t5 at the following rates. based on the estimated useful life of these fixed assets and anticipated residual value. Equipnient and Teaching Resources 33 113Yo p.a {r￿U¢l￿￿ balance basi51 Pffmises Expenditure has been depreeiated over 5 year5 5trai¥ht line. Exwnditurc on Tcaching Aids, which havc an cslimaicd lifc of up to one ycar is writt¢n off la the InLome Expenditure Account in the year of purrha5e. 2. GRANTS AND DONATIONS 2023 HertfoTdshire Education Grants 126.231 107.283 Gift Aid Receipts Donations Funding Grant 500 126,231 107.783 ST. CATHERINE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 3. FU]YD RAISING 2024 2023 Other Photo commission Le55 expenditure 40 40 4. EMPLOYERS, REMUNERATION 2024 2023 Staff Salari¢s Employer Pension Ejnployels National TnsuTance 125,610 1,975 109.693 1,466 127,585 111.159 S. MANAGEME]YT AND ADMINISTRATION OF THE CHARITY 2024 Independent Examination Fe¢ Printing and Stationery 480 444 558 1.036 1,038 1.480 ST. CATHERtNE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 6. EQUIPMENT AND TEACHING RESOURCES 2024 Cost at 1st September 2018 Additions in Year 20,697 Disposals Cost at 3 1st August 2019 20.697 Depreciation at I si September 2018 Charge for Year Disposa15 19.943 251 Depreciation at 31 st August 2019 20.194 Net Book Value al 1st Septe￿ber 2018 1.131 Net Book Value at 3 1st August 2019 503 Nei Book Value at 31st August 2020 336 Net Book Valuc #t 3 1st August 2021 224 Net Book Value at 315t August 2022 149 Nci Book V81ue ai 31st August 2023 Net Book Value at 3 1st August 2024 66 7. PREMISES EXPENDITURE 2024 Cost at 1st Septemb¢r 2018 Ouisid¢ Play Area Building Renoyation 10265 55,181 65.446 Addilions in ycar Cobt at 31st August 2019 65,446 Depreciation a5 at 1st Sepl¢mber 2018 Chargc for thc ycar 52.356 6.545 Deprecialion at 31 $1 August 2019 58,901 Net Bty)k Valu¢ At 1st Septembrr 2018 13,090 Net Book Valur at 3 1st August 2019 6.545 Net Book Value at 3111 August 2020 ST. CATHERINE'S HODDESDON C. OF E. PRIVATE NURSERY SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 8. DEBTORS 2024 2023 PAYE and Natiooal Insurance 9. PREPAYMENTS 2024 2023 Rent 173 173 173 173 10. CRkDII'ORS- Payable within One Year 2024 2023 P¢rtsi¢)n PA YE and National Insurance Indepeodeot Examiner Fee Payroll Administative Charge5 377 832 480 636 344 216 H4 624 2.325 1,628 11. TRUSTEES, EXPENDITURE No Cxpcnses wcrc rcimbuTScd to mcmbcrs of thc Executivc Committc¢. No members of the Ex¢cuiive Comtnittee nor any person connected with them has txeived or is du¢ lo ￿e1ve any remulleration for ihe year, directly or indirectly from the Charity's runds.