Charity number: 1061716
DALTON PRE-SCHOOL NURSERY
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
DALTON PRE-SCHOOL NURSERY
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 - 20 |
DALTON PRE-SCHOOL NURSERY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 29 FEBRUARY 2024
Trustees
SSgt Robert Johnson J Millar D O'Hara, Chair
Charity registered number
1061716
Principal office
Dalton Barracks Abingdon Oxfordshire OX13 6JB
Accountants
James Cowper Kreston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG1 8LS
Page 1
DALTON PRE-SCHOOL NURSERY
TRUSTEES' REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1 March 2023 to 29 February 2024.
Objectives and Activities
Policies and objectives
To aid the efficiency of the Armed Forces by the provision of local child care facilities which enable timely parental return to the workplace. The setting aims to provide a caring, stimulating environment providing children with the opportunity to learn through play. Places remain open to every family, supporting a culturally diverse community.
Main activities undertaken to further the Charity's purpose for public benefit
Dalton Pre-School Nursery delivers day care facilities and learning for children aged 0-4 years. Close to the town of Abingdon, the Nursery is registered on the Early Years Register and both the compulsory and voluntary part of the Childcare Register. It is managed by a Committee made up of staff, parents and Army personnel. The Nursery has 60 children on roll and supports children with Special Educational Needs and/or disabilities, and those with English as an additional language. Most children attending have parents serving in the Armed Forces. It is open on weekdays during school term times, from 0800hrs until 1700hrs. A play scheme operates in the school holidays.
When exercising our powers or duties during the year, the Trustees have considered the Commission’s guidance on public benefit.
Achievements and performance
Review of activities
The Chair of Trustees and Manager continues to build and maintain effective, collaborative and sustainable working relationships within a busy Pre-School.
60 Children registered within Pre-School setting, running to near capacity.
Training of staff continues at pace with staff attending both external and internal courses such as, paediatric first aid, safeguarding, equality and diversity, food and hygiene, characteristics of effective learning and observation assessment and planning.
A very busy year for the setting. Dealing with the local personnel changes and a large ongoing challenge with the Barrack’s supporting infrastructure, specifically the main heating pipes. The nursery is supplied by a temporary generator. The end of year graduation was a huge success as always, bidding a fond farewell to the children and parents who were moving on to a new chapter in their lives.
Dalton Pre-School is a team managed by a manager of 25 years’ experience who employs staff within both the military and civilian community. This cross section of experience enables the manager to meet the needs of the children within a thriving diverse setting.
Page 2
DALTON PRE-SCHOOL NURSERY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
Financial review
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Principal funding
The charity’s major source of income is derived from fees and grants for pre-school children. The Nursery is in receipt of funding for the provision of free early years education for children aged nine months to four years.
The Nursery Manager and Committee secured additional grants through local authority and the Army welfare organisation to further enhance resources to provide children with a good challenging range of play and learning experiences, both indoors and outdoors.
The Nursery Management team continued to review and improve financial process, successfully encouraging increased use of on-line banking by parents for payment of fees. The work place pension scheme is fully up and running now, not all staff have signed up to the scheme.
Current financial position
| Total Income Total Expenditure Net Income/(expenditure) beofre gains and losses Profit/(loss) on investment Net movement in funds Funds brought forward Funds carried forward |
2024 2023 £ £ 304,584 299,421 310,013 301,501 (5,429) (2,080) 747 (1,344) (4,682) (3,424) 95,170 98,594 90,488 95,170 |
|---|---|
The reserve account contained £30,399. This is held to ensure that should the camp close, all the associated costs involved in the task of closing the nursery could be met.
Structure, governance and managing
Constitution
Dalton Pre-School Nursery is governed by a constitution. The principal object of the charity is the provision of local child care facilities for children aged 0-4 years.
Method of appointment or election of Trustees
Trustees are appointed or reappointed annually at the Annual General Meeting.
Page 3
;
DALTON PRE-SCHOOL NURSERY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024;
.
Structure, governance and managing (continued)
ORGANISATIONAL STRUCTURE AND DECISION MAKING
.
Dalton Pre-School Nursery is a member of the Pre-School Learning Alliance which provides academic and governance support to the setting.
There is a child protection policy in place. Full statutory checks are carried out prior to commencement of employment or trusteeship.
The setting has well established links with local authority education and welfare departments and liaises closely with schools to facilitate pupil transition.
- The Pre-School Nursery Manager maintains close and effective working relationships with the local military welfare representatives to retain awareness of emerging issues that may impact on service delivery.
With the military community, a transient and changing population, forming a large majority of the membership the Pre-School Manager and staff adopt flexible working arrangements to maintain appropriate staffing ratios within the constraints of a taut budget. Parents and staff work closely to consider continuity of learning between home and nursery, which is beneficial for children exposed to frequent change, and aids preparation for later stages of learning within the setting, other nurseries or for their future moves to school.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period.
.
In preparing these financial statements, the Trustees are required to:
-
° select suitable accounting policies and then apply them consistently: ° sbserve the methods and principles of the Charities SORP 2019 (FRS102):
-
e make judgments and accounting estimates that are reasonable and prudent; ° state whether applicable UK accounting standards (FRS 102) have been followed, subject to any matrial departures disclosed and explained in the financial statements;
-
° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity’ transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Chair of Trustees Pate: 17fe [202% |
Page 4
DALTON PRE-SCHOOL NURSERY
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024
Independent Examiner's Report to the Trustees of Dalton Pre-School Nursery ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 29 February 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity'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 I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns 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.
Page 5
DALTON PRE-SCHOOL NURSERY
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated:
Mr Alexander Peal FCA
James Cowper Kreston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG1 8LS
Page 6
DALTON PRE-SCHOOL NURSERY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024
| Note Income from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 5 304,305 304,310 301,536 301,536 2,774 747 3,521 66,625 3,521 70,146 |
Restricted funds 2024 £ 274 - 274 8,477 8,477 (8,203) - (8,203) 28,545 (8,203) 20,342 |
Total funds 2024 £ 279 304,305 304,584 310,013 310,013 (5,429) 747 (4,682) 95,170 (4,682) 90,488 |
Total funds 2023 £ 899 298,522 299,421 301,501 301,501 (2,080) (1,344) (3,424) 98,594 (3,424) 95,170 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 7
DALTON PRE-SCHOOL NURSERY
.
.
BALANCE SHEET AS AT 29 FEBRUARY 2024
| 29 | February | 28 February | ||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||||
| Note | £ | £ | ||||||
| Fixed assets | ||||||||
| Tangible assets | 8 | 22,163 | 30,721 | |||||
| Investments | 9 | 10,834 | 10,087 | |||||
| 32,997 | 40,808 | |||||||
| Current assets | ||||||||
| . | Debtors | 10 | 2,683 | 21,404 | ||||
| Cash at bank and in hand | 59,635 | 58,466 | ||||||
| 62,318 | 79,870 | |||||||
| Creditors: amounts falling due within one | . | |||||||
| year | 11 | (4,827) | (25,508) | |||||
| Netcurrent assets | 57,491 | 54,362 | ||||||
| Total net assets | ; | 90,488 | 95,170 | |||||
| Charity funds | ||||||||
| Restricted funds | 12 | 20,342 | 28,545 | |||||
| Unrestricted funds | 12 | . | 70,146 | 66,625 | ||||
| Totalfunds | 90,488 | 95,170 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
:
----- Start of picture text -----
DO'Hara
Chair of Trustees
Date: (Tr [rows
----- End of picture text -----
The notes on pages 10 to 20 form part of these financial statements.
Page 8
DALTON PRE-SCHOOL NURSERY
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 29 FEBRUARY 2024
| Note Cash flows from operating activities Net cash used in operating activities 15 Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 16 The notes on pages 10 to 20 form part of these financial statements |
2024 £ 1,807 (638) (638) 1,169 58,466 59,635 |
2023 £ 7,777 (1,551) (1,551) 6,226 52,240 58,466 |
|---|---|---|
Page 9
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Dalton Pre-School Nursery meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 10
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
| Freehold property | - 20% Straight line |
|---|---|
| Plant and machinery | - 20% Straight line |
| Fixtures and fittings | - 20% Straight line |
| Office equipment | - 20% Straight line |
1.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies (continued)
1.8 Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
1.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
1.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. Income from donations and legacies
| Donations Grants Total 2024 Total 2023 |
Unrestricted funds 2024 £ 5 - 5 899 |
Restricted funds 2024 £ - 274 274 - |
Total funds 2024 £ 5 274 279 899 |
Total funds 2023 £ 899 - |
|---|---|---|---|---|
| 899 | ||||
Page 12
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
3. Income from charitable activities
| Unrestricted funds 2024 £ Fees from parents 304,305 Total 2024 304,305 Total 2023 298,522 |
Total funds 2024 £ 304,305 304,305 298,522 |
Total funds 2023 £ 298,522 |
|---|---|---|
| 298,522 | ||
4. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Direct costs 301,536 Total 2023 293,024 |
Restricted funds 2024 £ 8,477 8,477 |
Total 2024 £ 310,013 301,501 |
Total 2023 £ 301,501 |
|---|---|---|---|
Summary by expenditure type
| Direct costs Total 2023 |
Staff costs 2024 Depreciation 2024 £ £ 256,930 9,196 250,187 9,080 |
Other costs 2024 £ 43,887 42,234 |
Total 2024 £ 310,013 301,501 |
Total 2023 £ 301,501 |
|---|---|---|---|---|
Page 13
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
5. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner in respect of: | ||
| Independent examination | 3,720 | 3,540 |
6. Staff costs
| Wages and salaries Social security costs Pension |
2024 £ 237,604 14,870 4,456 256,930 |
2023 £ 232,548 13,627 4,012 |
|---|---|---|
| 250,187 |
The average number of persons employed by the Charity during the year was as follows:
| 2024 | 2023 |
|---|---|
| No. | No. |
| 19 | 18 |
No employee received remuneration amounting to more than £60,000 in either year.
Page 14
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 29 February 2024, no Trustee expenses have been incurred (2023 - £NIL).
8. Tangible fixed assets
| Cost or valuation At 1 March 2023 Additions At 29 February 2024 Depreciation At 1 March 2023 Charge for the year At 29 February 2024 Net book value At 29 February 2024 At 28 February 2023 |
Freehold property £ 42,720 - 42,720 42,720 - 42,720 - - |
Plant and machinery £ 2,627 - 2,627 2,411 54 2,465 162 216 |
Fixtures and fittings £ 55,557 - 55,557 26,334 8,680 35,014 20,543 29,223 |
Office equipment £ 5,202 638 5,840 3,920 462 4,382 1,458 1,282 |
Total £ 106,106 638 |
|---|---|---|---|---|---|
| 106,744 | |||||
| 75,385 9,196 |
|||||
| 84,581 | |||||
| 22,163 | |||||
| 30,721 |
Page 15
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
9. Fixed asset investments
| Cost or valuation At 1 March 2023 Revaluations At 29 February 2024 Net book value At 29 February 2024 At 28 February 2023 Debtors Trade debtors Other debtors Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income |
29 February 2024 £ 2,430 253 2,683 29 February 2024 £ 877 230 3,720 4,827 |
Listed investments £ 10,087 747 |
|---|---|---|
| 10,834 | ||
| 10,834 | ||
| 10,087 | ||
| 28 February 2023 £ 21,169 235 21,404 28 February 2023 £ 1,832 20,136 3,540 25,508 |
10. Debtors
11. Creditors: amounts falling due within one year
Page 16
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
12. Statement of funds
Statement of funds - current year
| Balance at 1 March 2023 £ Income £ Expenditure £ Gains/ (Losses) £ Balance at 29 February 2024 £ Unrestricted funds General Funds 66,625 304,310 (301,536) 747 70,146 Restricted funds MOD grants 28,545 274 (8,477) - 20,342 Total of funds 95,170 304,584 (310,013) 747 90,488 The restricted fund represents a grant from the MOD, specifically from the 'Early Learning & Childcare Fund'. The money has been granted for the benefit of enhancing the learning experiences of military children in the nursery. Statement of funds - prior year Balance at 1 March 2022 £ Income £ Expenditure £ Gains/ (Losses) £ Balance at 28 February 2023 £ Unrestricted funds General Funds 61,572 299,421 (293,024) (1,344) 66,625 Restricted funds MOD grants 37,022 - (8,477) - 28,545 Total of funds 98,594 299,421 (301,501) (1,344) 95,170 |
Balance at 29 February 2024 £ 70,146 |
|---|---|
| 20,342 | |
| 90,488 | |
| Unrestricted funds General Funds Restricted funds MOD grants Total of funds |
|
| 28,545 | |
| 95,170 |
The restricted fund represents a grant from the MOD, specifically from the 'Early Learning & Childcare Fund'. The money has been granted for the benefit of enhancing the learning experiences of military children in the nursery.
Page 17
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
13. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 1 March 2023 £ 66,625 28,545 95,170 Balance at 1 March 2022 £ 61,572 37,022 98,594 |
Income £ 304,310 274 304,584 Income £ 299,421 - 299,421 |
Expenditure £ (301,536) (8,477) (310,013) Expenditure £ (293,024) (8,477) (301,501) |
Gains/ (Losses) £ 747 - 747 Gains/ (Losses) £ (1,344) - (1,344) |
Balance at 29 February 2024 £ 70,146 20,342 |
|---|---|---|---|---|---|
| 90,488 | |||||
| Balance at 28 February 2023 £ 66,625 28,545 |
|||||
| Summary of funds - prior year | |||||
| General funds Restricted funds |
|||||
| 95,170 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 29 February 2024 £ Tangible fixed assets 1,821 Fixed asset investments 10,834 Current assets 62,318 Creditors due within one year (4,827) Total 70,146 |
Restricted funds 29 February 2024 £ 20,342 - - - 20,342 |
Total funds 29 February 2024 £ 22,163 10,834 62,318 (4,827) |
|---|---|---|
| 90,488 |
Page 18
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 28 February 2023 £ 2,176 10,087 79,870 (25,508) 66,625 |
Restricted funds 28 February 2023 £ 28,545 - - - 28,545 |
Total funds 28 February 2023 £ 30,721 10,087 79,870 (25,508) 95,170 |
|---|---|---|---|
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net expenditure for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges (Gains)/losses on investments Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by operating activities |
29 February 2024 £ (4,682) 9,196 (747) 18,720 (20,680) 1,807 |
28 February 2023 £ (3,424) 9,080 1,344 (20,113) 20,890 7,777 |
|---|---|---|
16.
Analysis of cash and cash equivalents
| Cash in hand Total cash and cash equivalents |
29 February 2024 £ 59,635 59,635 |
28 February 2023 £ 58,466 58,466 |
|---|---|---|
Page 19
DALTON PRE-SCHOOL NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
17. Analysis of changes in net debt
| At 29 | |||||
|---|---|---|---|---|---|
| At | 1 | March | February | ||
| 2023 | Cash flows | 2024 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 58,466 | 1,169 | 59,635 |
18. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £4,456 (2023: £4,012). No amounts were outstanding at the balance sheet date.
19. Related party transactions
During the year there were no transactions with the Trustees.
Page 20