CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st January 2023 To 31st December 2023 Charity name: Kimbolton Nursory Group Charity registration number:1055842 Objectives and Activities SORP ref9r8nee Para 1.17 Summary of the purposes of the charity as set out in its overnin document Summary of the main activities in relation to those purposes for the public benefit. in particular, the activities, projects or services identified in the accounts. Statement confirming whether the triJ%tees have had regard to the guidance issued by the Charity Commission un public benefit Para 1.17and Para 1.18 Additional information (optional) You ma choose to inGlude further statements where relevant about" SORP referen Para 1_38 Policy on grant maklng Para 1.38 Policy on social investment including program related investment Parg 1.38 Contribution made by volunteers Other
Achievements and Performance SORP referencc Summary of the main achievements of the charity, iderilifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefilb to society as a whole. Para 1.20 Additional information loptional) You ma Ghoose to include further statements where relevant about. Achievements against objectives set Para 1.41 Performance of fundraising activities dgainst objectives set Para 1.41 Investment performance against objectives Para 1.41 other
Financial Review Review of the charity's fincifiGial position at the end of the eriod Statement explaining the policy for holding reserves stalln are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concer P*iJa 1.21 Para 1.22 Pafa 1.22 Para 1.22 Para 1.24 Para 1.23 Additional infomiation (optional) You ma choose to include further statements where relevant about. The charity's prinGipal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment pollcy adopted Para 1.4b A description of the principal risks facing the charity P>ra 1.46 Other
Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 How is the charity constituted? Para 1.25 Trustee selection methods including details of any constitutional provisioiis e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Additional information (optional) You ma choose to include further statements where relevant about". Policies and procedures adopted for the induction 8nd training of trustees Para 1.51 The eharity's organisational structure and any wider network with which the Gharity works Para 1.51 Relationship with any related parties Par8 1.51 Other Reference and Administrative details Charit name Other name the Gharit uses Re istered charit number Charity s principal address 4 ao HRb C>A
Names of the charity trustees who manage the charity Dates acted if not for whole ear Ngme of person (or body) entitled oint Trustee name Office (if any) li 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the dale the ie Director name ortwasa rovcd Name of trustees holding title to property belonging to the Gharity Date5 acted if not for whole Trustee name ear
Funds held as Gustodian trustees on behalf of others DesGription of the asoets held in this capacity Name and objects of the charity on whose behalf thc assets are held 2nd how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's owri a3sets Additional information (optional) Names and addresses of advisers (Optional infonnation) Type of Name Address adviser Name of chicf executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details other o tional information
DeGlarations Th@ trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
REGISTERED CHARITY NUMBER: 1055842
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR KIMBOLTON NURSERY GROUP
Cole & Co 4 The Sheepcote Monks Orchard Lumber Lane, Lugwardine Hereford Herefordshire HR1 4AG
KIMBOLTON NURSERY GROUP
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 Charity number
1055842
Principal address
St James Nursery Group Kimbolton Leominster HR6 0HQ
Trustees
Independent examiner
Cole & Co 4 The Sheepcote Monks Orchard Lumber Lane, Lugwardine Hereford Herefordshire HR1 4AG
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
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.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. Trustee
Page 1
KIMBOLTON NURSERY GROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 81,039 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 2 69,315 Fundraising trading: cost of goods sold and other costs 3,817 Governance costs 1,355 Other resources expended 47 Total resources expended 74,534 NET INCOMING RESOURCES 6,505 RECONCILIATION OF FUNDS Total funds brought forward 71,261 TOTAL FUNDS CARRIED FORWARD 77,766 |
2022 Total funds £ 80,159 72,176 6,383 1,360 - 79,919 240 71,021 71,261 |
|---|---|
The notes form part of these financial statements
Page 3
KIMBOLTON NURSERY GROUP
BALANCE SHEET AT 31 DECEMBER 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 78,041 CREDITORS Amounts falling due within one year 5 (275) NET CURRENT ASSETS 77,766 TOTAL ASSETS LESS CURRENT LIABILITIES 77,766 NET ASSETS 77,766 FUNDS 6 Unrestricted funds 77,766 TOTAL FUNDS 77,766 |
2022 Total funds £ 71,511 (250) 71,261 71,261 71,261 71,261 71,261 |
|---|---|
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
KIMBOLTON NURSERY GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
INCOMING RESOURCES
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
RESOURCES EXPENDED
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. COSTS OF GENERATING VOLUNTARY INCOME
| Staff costs Rent Insurance Sundries Support costs |
2023 £ 62,783 6,000 379 153 - 69,315 |
2022 £ 69,508 600 455 280 1,333 72,176 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Page 5
KIMBOLTON NURSERY GROUP
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
| 4. | STAFF COSTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 62,783 | 69,508 | ||
| The average monthly number of employees during the year was as follows: | 2023 - |
2022 - |
||
| No employees received emoluments in excess of £60,000. | ||||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other creditors | 2023 £ 275 |
2022 £ 250 |
||
| 6. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.1.23 £ |
Net movement in funds £ |
At 31.12.23 £ |
|
| General fund | 71,261 | 6,505 | 77,766 | |
| TOTAL FUNDS | 71,261 | 6,505 | 77,766 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 81,039 | (74,534) | 6,505 | |
| TOTAL FUNDS | 81,039 | (74,534) | 6,505 | |
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KIMBOLTON NURSERY GROUP
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Comparatives for movement in funds | ||||
|---|---|---|---|---|
| Net | ||||
| movement in | ||||
| At 1.1.22 | funds | At 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General fund | 71,021 | 240 | 71,261 | |
| TOTAL FUNDS | 71,021 | 240 | 71,261 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 80,159 | (79,919) | 240 | |
| TOTAL FUNDS | 80,159 | (79,919) | 240 | |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 1.1.22 £ |
Net movement in funds At 31.12.23 £ £ |
|---|---|---|
| General fund | 71,021 | 6,745 77,766 |
| TOTAL FUNDS | 71,021 | 6,745 77,766 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources Movement in resources expended funds £ £ £ |
|---|---|
| General fund | 161,198 (154,453) 6,745 |
| TOTAL FUNDS | 161,198 (154,453) 6,745 |
Page 7
KIMBOLTON NURSERY GROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| INCOMING RESOURCES Voluntary income Donations Grants Fundraising Parents/guardians contribution Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Wages Rent Insurance Sundries Fundraising trading: cost of goods sold and other costs Materials and equipment Governance costs Accountancy and bookkeeping Support costs Information technology Repairs and renewals Total resources expended Net income |
2023 £ 75 52,936 177 27,851 81,039 81,039 62,783 6,000 379 153 69,315 3,817 1,355 47 74,534 6,505 |
2022 £ - 58,257 123 21,779 80,159 80,159 69,508 600 455 280 70,843 6,383 1,360 1,333 79,919 240 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KIMBOLTON NURSERY GROUP
I report on the accounts for the year ended 31 December 2023, which are set out on pages three to seven.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Michael Cole Cole & Co 4 The Sheepcote Monks Orchard Lumber Lane, Lugwardine Hereford Herefordshire HR1 4AG
Date: .............................................
Page 2
KIMBOLTON NURSERY GROUP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |