Company registration number.. 03260244 Charity registration number" 1060253 Clopton Nursery Trust (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2024 Fruition Advisory LLP 29 Wood Street Stratford Upon Avon CV37 6JG
Clopton Nursery Trust Contents Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report Statement of Financial Activities 9t010 Balance Sheet ststement of Cash Flows 12 Notes to the Financial Statements 13to21
Clopton Nursery Trust Reference and Administrative Details Trustees Mr Peter Hopkins Mrs Michelle Monkton Mrs Marcia Cox Mr Fawn Entwistle Mrs Lauren Clarke Mrs Michelle McDonald Nursery Management Mrs Georgia Skinner, Manager Mrs Sophie Foulger. Deputy Manager Charity Registration Number 1060253 Company Registration Number 03260244 The charity is incorporated in England and Wales. Clopton Road StratFord-Upon-Avon Warwickshire CV37 6TE Registered Office Independent Examiner Fruition Advisory LLP 29 Wood Street Stratford Upon Avon CV37 6JG Bankers Lloyds Bank PIC 22 Bridge Street Stratford-upon-Avon WaNickshire CV37 6AG Nationwide Building Society 36a Wood Street Stratford-upon-Avon Wamickshire CV47 6JG Page 1
Clopton Nursery Trust Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2024. Trustees.. Mrs Hannah Alexander (Resigned 13 December 2023) Mr Peter Hopkins Mrs Michelle Monkton Mrs Marcia Cox (appointed 13 December 2023) Mr Fawn EnlStle (appointed 13 December 2023) Mrs Lauren Clarke {appointed 19 March 2024) Mrs Michelle McDonald (appointed 19 March 2024) Objectives and activities Objects and aims The objectives of the nursery are.. . To provide nursery education for children who hope to attend Thomas Jolyffe Primary School. . Where vacancies exist, to provide nursery education for any other children. To provide a before & after school facility with priority given to children of Thomas JolyFFe Primary School. To provide 'holiday club" facilities during school holidays with priority being given to children who attend Thomas Jolyffe Primary School. We aim to provide quality Early Years education to children aged belween 2 years and 4 years. We measure our SucsS by our Ofsted rating and number of children on roll. Our short-term objective is to gain a speech and language accreditation to subject our children fijrther. Our long term goal to to retain our outstanding Ofsted rating. Objectives, strategies and activities Our objectives are set to reflect our educational aims and the ethos of the nursery. It is important to us that we maintain and improve the quality of provision that we provide. Page 2
Clopton Nursery Trust Trustees. Report Public benefit Clopton Nursery Trust is a charitable trust which seeks to benefit the public through the pursuit of its stated aims. Our fees are set at a level to ensure the financial viability of the organisation while ensuring that the nursery remains affordable for our parents and carers. We welcome children from all backgrounds. On entry, children are assessed to ensure that we can provide the very best education to allow them to reach their full potential. An individual's economic status, gender, ethnicity. race, religion or disabilities do not form part of our assessment. We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled. Our setting is committed to safeguarding and promoting the welfare of all children and expects all staff and volunteers to share this commitment. Our last Ofsted report (September 2023} stated that Children thrive in this exceptionally high-quality provision" and 'The manager is inspirational and leads with staff team with integrity" Parents are delighted with the provision. .They are oVehelmIng positive about the broad range of experiences on offer and the excellent progress that their children make" The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidan published by the Charity Commission for England and Wales. Social investment policies It is important to us that access to the education we offer is not restricted to those who can pay fees. At Clopton Nursery, we do not restrict the number of places available for funded children and actively look to provide a number of free plaS to children identified by Thomas Jolyffe Primary School as most likely to benefit. The nursery looks to work c(Foperatively with the school, preparing the children for the move from pre-school education to reception classes, last year over 80°k of the children attending our setting went on to the reception class at Thomas Jolyffe. Examples of links beleen the school and nursery include.. Shared Forest School Area . Joint fundraising ventures. Visits to reception classes in the summer term. Page 3
Clopton Nursery Trust Trustees. Report Achievements and perfomiance Pupil Numbers and Fees.. As of March 2025 there are 355 children on roll. In our 'Cubs Room, we have 27 children ages 2-3 years, of which, either access funding as working parents or via the 2help funding or pay for sessions. We have 25 children ages between 3 and 4 years, occupying the 'Teddies Room, all of whom access some funded sessions and some non-fvnding sessions. There are a further 54 per-schoolers in our 'Bears Room, and again all of whom access a combination of funded and none funded sessions. The remaining children attend our wraparound provision. Of the 106 nursery children, almost 75 % of these children access funded childcare utilising either 2Help fundinglworking parents finding for 2 year olds or the universal 15 hourslworking parents funding for 34 year olds. Our fees increased in April 2024. Fees for the academic year were published on our website and at the setting during the spring term. Capital Resources Investment The last of the work on the extension was completed in Dember 2023. This has provided a distinctive main entran for the nursery, an office, staff room and a disabled toilet for staff and visitors. Staffing The Nursery employs 21 members of staff. Of those who work directly with the children, all have first aid, food hygiene and health and safety rtIfiCatIOnS and are qualified to Level 2 or above (or are working towards this qualification) in Childcare and Education. The nursery manager also holds an Early Years Teacher status qualification. Two members of staff are Forest School Lead trained and another is currently working towards this qualification. Training and development of our staff continues to be a priority when it comes to budgeting. Investment in the right people also continues to be a priority to ensure that we are rewarding the biggest asset our setting has, whilst also ensuring we comply with minimum wage increases. 2 help, universal and working parents fvnding We continue to offer the Government's funding scheme to all children who qualify. Forest School We continue to offer forest school sessions for nursery children and run daity Holiday Club forest school sessions. We will continue to share the School site for Forest School and offer it to all children within our setting Page 4
Clopton Nursery Trust Trustees. Report Measures used to assess performance: With the help of our extension we have increased our numbers which means we can offer more places to the children in our community. We have kept are fee prices low to ensure children from lower income families can also access our servIs. This means more children benefit from the care and education we provide. We have had an extension added to the nursery to ensure that we can offer more plaS to our community. This has had a huge impact on our financial reseNes but also means we have been able to increase our income. Principal risks and factors that are likely to affect our fvture performance include increased staff costs as a result of Nl, National Minimum Wage as well as the government changing the guidance around funding (increasing the amount of hours available per children but not increasing the funding rate to match the cost). Financial review The financial results for the period are set out in the annexed accounts Clopton Nursery has had another sucSsful year overall. The reputation of the nursey continues to go from strength to strength and we are still Ofsted Outstanding. Retention of staff continues not to be an issue, however staff is the only struggle we seem to have, as fewer people seem to want to remain in the profession. The number in our wraparound care continue to be high, and holiday club numbers have increased. The trustees consider the financial position of the company to be satisfactory. Policy on reserves It is the policy of the Charity to maintain unrestricted funds, which include the free reserves of the Charity, at a level that provided sufFicient funds to meet ongoing operating expenditure. At the balan sheet date, the charity held £399,309 (2023: £372,125) in unrestricted funds. Free reserves, which exclude funds held as tangible assets, total £145,196 (2023.. £195,253}. The Trustees are satisfied to report that at present free reserves equate to beeen three and six months of such expenditure. Investment policy and objectives Under the Memorandum and Articles of Association the Charity has the power to invest monies not immediately required for the furtheran of its objectives, as it sees fit. The Trustees, policy is to maximise income within a low-risk environment Plans for future periods Aims and key objectives for futu periods We will be focusing on developing the outdoors areas, especially 'The Bears. garden. We are looking at changing the steps to a ramp to make the area safer and create another disabled access point. We will be looking at staff training focusing mainty on Speech and Language development and hope to complete Early Talk and Talk Boost from Speech and Language UK. To gain a speech and language accreditation to subject our children further. Our long term goal for the future is to maintaining our outstanding Ofted rating Page 5
Clopton Nursery Trust Trustees. Report Structure, governance and management Nature of governing document The Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 16th December 1996. Recruitment and appointment of trustees None of the Trustees has any beneficial interest in the company. All Trustees are members of the company and guarantee to contn'bute £10.00 in the event of winding up. The number of trustees shall not be less than three but is not subject to a maximum. Trustees must be over the age of eighteen. Trustees visit the nursery to familiarise themselves with the work of the charity. They attend a minimum of four meetings per year during which they receive a manager's report and a set of financial reports. including performance against budget and year on year comparisons. The Trustees are responsible for the overall management of the business of the charity. Management of the day to day activities is carried out by a full-time Nursery Manager, part-time Finance and Admin OfFicer and supported by a Deputy Manager and a team of full and part-time Nursery Practitioners. All trustees give their time voluntarily and reiVed no remuneration or other benefits. Statement of trustees. responsibilities The trustees (who are also the directors of Clopton Nursery Trust for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and Generally Accepted Accounting Practi in Ireland, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUrs, including its income and expenditure, of the charitable company for that period and otherwise comply with the Companies Act 2014. In preparing these financial ststements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for ensuring that the charitable company keeps or causes to be kept adequate accounting records which correctly explain and record the transactions of the charitable company, enable at any time the assets, liabilities, financial position and surplus or deficit of the charitable company to be determined with reasonable accuracy, enable them to ensure that the financial statements comply with the Companies Act 2014 and enable the financial statements to be audited. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 6
Clopton Nursery Trust Trustees. Report The trustees are responsible for the rna1ntenan and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Small companies provision statement This report has been prepared in accordan with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 30 April 2025 and signed on its behalf by= rcr Mrs Marcia Cox Trustee Page 7
Clopton Nursery Trust Independent Examiner's Report to the trustees of Clopton Nursery Trust {'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its 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 I'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 Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confimi 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 Clopton Nursery Trust 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 291 of the 2014 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities lapplicable 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 COnrnS 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. Fruition Advisory LLP 29 Wood Street Stratford Upon Avon CV37 6JG 30 April 2025 Page 8
Clopton Nursery Trust Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 1,082 517,088 2,173 1,082 517,088 2,173 Total income 520,343 520,343 Expenditure on: Raising funds Charitable activities (727) (492,432) (727) 492,432 Total expenditure 1493,159) 493,159 Net income 27,184 27,184 Net movement in fijnds 27,184 27,184 Reconciliation of funds Total funds brought forward 372,125 372,125 Total funds carried forward 14 399,309 399,309 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 329 451,979 1.248 329 491,979 1,248 40,000 Total income 453,556 40,000 493,556 Expenditure on: Charitable activities (455,902 455,902 Total expenditure (455,902 455,902 Net {expenditure)lincome Transfers belween fiJnds (2,346) 80,551 40,000 80,551 37,654 Net movement in fiJnds 78,205 (40,551) 37,654 Reconciliation of funds Total funds brought forward 293,920 40,551 334,471 The notes on pages 13 to 21 fomi an integral part of these financial statements. Page 9
Clopton Nursery Trust Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2023 Note Total funds carried forward 14 372,125 372,125 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 14. The notes on pages 13 to 21 fomi an integral part of these financial statements. Page 10
Clopton Nursery Trust (Registration number: 03260244) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangible assets 10 254,113 176,872 Current assets Debtors Cash at bank and in hand 9,158 142,392 16,360 186,045 12 151,550 202,405 Creditors: Amounts falling due within one year 13 (6,354) {7,152) Net current assets 145,196 195,253 Net assets 399,309 372,125 Funds of the charity: Unrestricted income funds Unrestricted funds 399,309 372,125 Total funds 14 399,309 372,125 For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 9 to 21 were approved by the trustees, and authorised for issue on 30 April 2025 and signed on their behalf by.. Mrs Marcia Cox Trustee The notes on pages 13 to 21 fomi an integral part of these financial statements. Page11
Clopton Nursery Trust Statement of Cash Flows for the Year Ended 31 August 2024 2024 2023 Note Cash flows from operating activities Net cash income 27,184 37,654 Adjustments to cash flows from non-cash items Depreciation Investment income 37,201 (2,173) 62,212 32,202 {1,248) 68,608 Working capital adjustments Decreasel(increase) in debtors (Decrease)lincrease in creditors 7,202 799) {8,083) 1,820 13 Net cash flows from operating activities 68,615 62,345 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 2,173 114,441 1,248 86,712 10 Net cash flows from investing activities 112,268 85,464 Net decrease in cash and cash equivalents (43,653) 186,045 (23,119) 209,164 Cash and cash equivalents at 1 September Cash and cash equivalents at 31 August 142,392 186,045 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 13 to 21 fomi an integral part of these financial statements. Page 12
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 1 Charity status The charity is limited by guararrtee, incorporated in England and Wales., and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otheiSe stated. Statement of compliance The financial statements have been prepared in accordan with Accounting and Reporting by Charities- Statement of Recommended practi (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)} (issued in October 20191 (Charities SORP {FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2014. Basis of preparation Clopton Nursery Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othewise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of UnrtaInty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised On the charity has entitlement to the income. it is probable that the income will be received and the amount of the income re1vable can be measured reliably. Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Investment income Dividends are recognised On the dividend has been dedared and notification has been received of the dividend due. Page 13
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and ServIS for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature neSSary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of reSoUrs, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to wnte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows= Asset class Leasehold propety Plant and machinery Fixtures and fittings Depreciation method and rate over 14 - 25 years 25 % reducing balance 25 % reducing balance Page 14
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 Trade debtors Trade debtors are amounts due from customers for merchandise sold or seNices performed in the ordinary course of business. Trade debtors are recognised initially at the transaction pri. They are subsequently measured at amortised cost using the effective interest method. less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least Ie1ve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction pri and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general fijnds that are available for use at the trustees discretion in furtheran of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Page 15
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 3 Income from donations and legacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies., Donations from individuals 1.082 1,082 329 1.082 1,082 329 4 Income from charitable activities Unrestricted funds General Total 2024 Total 2023 Provision of nursery services 517,088 517,088 491,979 S Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income- Interest re1vable on bank deposits 2.173 2,173 1,248 6 Expenditure on charitable activities Unrestricted Totsl 2024 Total 2023 General Note Provision of nursery services Staff costs Allocated support costs Governan costs 34,178 360,853 95,469 1,932 34,178 360,853 95,469 1,932 41,431 327,501 84,972 1,998 492,432 492,432 455,902 Page 16
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 7 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 17
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 8 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Other staff costs 335,252 22,328 3,273 304,945 20,561 1,995 360,853 327,501 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as fvll time equivalents was as follows.. 2024 No 2023 No Charitable activities 20 21 No employee received emoluments of more than £60.000 during the year. During the year the charity made the following transactions with key management personnel.. Nursey managers The Nursey managers received remuneration of £70.990 (2023" £68,545) 9 Taxation The charity is a registered charity and is therefore exempt from taxation. 10 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 September 2023 Additions 396,456 114,441 172,115 568,571 114,441 At 31 August 2024 510,897 172,115 683,012 Depreciation At 1 September 2023 Charge for the year 250,899 29,373 140,799 7,828 391,698 37,201 At 31 August 2024 280,272 148,627 428,899 Net book value Page 18
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 Land and buildings Furniture and equipment Total At 31 August 2024 230,625 23,488 254,113 At 31 August 2023 145,557 31,316 176,873 Included within the net book value of land and buildings above is £Nil (2023 £Nil) in respect of freehold land and buildings and £230,625 (2023 - £145,557) in respect of leaseholds. 11 Debtors 2024 2023 Trade debtors Prepayments 8,564 594 16,099 261 9,158 16,360 12 Cash and cash equivalents 2024 2023 Cash at bank 142,392 186,045 13 Creditors: amounts falling due within one year 2024 2023 other taxation and social security Pension scheme creditor Accruals 3,264 1,290 1,800 5,334 1,818 7,152 6,354 Page 19
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 14 Funds Balance at Balance at 31 August 2024 September 2023 Incoming resources Resources expended Transfers Unrestricted funds General 272,125 520,343 (493,159) 100,000 399,309 Unrestricted designated funds Extension works 100,000 (100,000) Total funds 372,125 520,343 (493,159) 399,309 Page 20
Clopton Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 Balance at Balance at 31 August 2023 September 2022 Incoming resources Resources expended Transfers Unrestricted funds General Unrestricted funds 196,096 453,556 (447,832) 70,305 272,125 Designated Extension works 97,824 (8,070) 10,246 100,000 Totsl unrestricted funds 293,920 453,556 (455,902) 80,551 372,125 Restricted Capital grants 40,551 40,000 (80,551) Total funds 334,471 493,556 (455,902) 372,125 15 Analysis of net assets between funds Unrestricted funds General Total funds at 31 August 2024 Tangible fixed assets Current assets Current liabilities 254,113 151,550 (6,354 254,113 151,550 6,354) Total net assets 399,309 399,309 16 Related party transactions There were no related paty transactions in the year. Page 21
Clopton Nursery Trust Statement of Financial Activities by fund for the Year Ended 31 August 2024 Unrestricted Funds Total Total Unrestricted Unrestricted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Charitable activities Investment income 1,082 517,088 2,173 329 451,979 1,248 Total income 520,343 453,556 Expenditure on: Raising funds Charitable activities (727) (492,432) {455,902) Total expenditure (493,159) {455,902) Net incomel(expenditure) Transfers between funds 27,184 {2,346) 80,551 Net movement in funds 27,184 78,205 Reconciliation of funds Total funds brought forward 372,125 293,920 Total funds carried forward 399,309 372,125 This page does not fom part of the statutory financial statements. Page 22
Clopton Nursery Trust Detailed Statement of Financial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Investment income (analysed below) 1,082 517,088 2,173 329 491,979 1,248 Total income 520,343 493,556 Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) (727) {492,432) {455,902) Total expenditure {493,159) {455,902) Net income 27,184 37,654 Net movement in funds 27,184 37,654 Reconciliation of funds Total funds brought fotward 372,125 334,471 Total funds carried fotward 399,309 372,125 This page does not fom part of the statutory financial statements. Page 23
Clopton Nursery Trust Detailed Statement of Financial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Donations and legacies Other income 1,082 329 1,082 329 Charitable activities Nursery fees and NEG Grants receivable 517,088 451,979 40,000 517,088 491,979 Investment income Interest on cash deposits 2,173 1,248 2,173 1,248 Raising funds other fundraising costs 727 727 Charitable activities Nursery meals Purchases Hall Hire Wages and salaries Staff NIC {Employers) Staff pensions (Defined contribution) - pension scheme 1 Staff training Office expenses Trade subscriptions Cleaning Rates Light, heat and power Insurance Repairs and maintenan Telephone and fax Computer SOfare and maintenance costs Office expenses Hire of other assets (Operating leases) Sundry expenses Legal and professional fees Legal and professional fees Bad debts written off (22,542) (11,636) (24,619) (16,812) (315) (304,945) (14,109) (6,452) (1,995) {335,252) (16,065) (6.263) (3,273) {138) (11,190) (1,290) (11,140) (1,674} (4,918} (681) (5,606) (1,118) (3,133) (2,575) (133) {7,740) {1,230) {8,261) {1,802) {3,929) (856) {4,385) {4,074) (3,133) {3,140) {8,070) {6,776) 1,238 (14,666) This page does not fom part of the statutory financial statements. Page 24
Clopton Nursery Trust Detailed Statement of Financial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Bank charges Depreciation of other tangible Accountancy fees (139) (37,201) (1,932 (492,432) (166) (32,201) 1,998) (455,902) This page does not fom part of the statutory financial statements. Page 25