2022-08-31-accounts - Belbroughton Nursery

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	Trustee name	Office iif any)	Name ofperson ior body) entitled to a oint trustee ifan	Name ofperson ior body) entitled to a oint trustee ifan
1	Rachel Skidmore	Chairperson	Management	Committee
	Jane Bailey	Treasurer	Iylanagement	Committee
3	Francesca Woolmer	Secretary	Mlanagement	Committee
	Rachel Knight	Vice Chairperson	Management	Committee

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			Belbroughton Nursery aims to be the pre-school ofchoice for parents of
			children who will ultimately attend Belbroughton CofE Primary School.
			The nursery will offer outstanding quality care by ensuring that all staff
Summary ofthe objects ofthe			are trained in the best and most appropriate qualifications including those
charity set out in its			recognised by EYFS,CACHE and Foundation Degree. Safeguarding
governing document			Policies and Procedures, and Paediairic First Aid.
			The nursery provides local, friendly care for children and embraces the
			community spirit ofthe village in which it is based.
			The Trustees ofBelbroughion Nui aery are aware ofthe guidance issued
			by the Charity Commission on public benefit and why this is integral to
			the nursery being able operate as a charitable body.
			The Trustees ensure that Belbroughton Nursery is able to operate as a
			pre-school nursery in accordance with the legal requirements laid down
			by Parliament and overseen by Ofsted, Byoperating to these standards	it
Summary ofthe main			provides reassurance tothe general public that child welfare and education standards are being met.
activities undertaken		for the
public benefit in relation to			Belbroughton Nursery is the only pre-school nursery which operates each
these objects (include		within	weekday during school term time in Beibroughton and provides a service
this section the statutory			to families that would not otherwise be available. Attendance at
declaration that trustees have had regard tothe guidance			Belbroughton Nursery can be every session through the week orfor specific sessions and this enables parents to return to work or to provide
issued by the Charity			dedicated care for younger siblings at home. Belbroughton Nursery also
Commission on public			provides a seamless link to the afterschool club which children over 3
benefit)			years old may attend under a separate arrangement.
			Belbroughton Nursery is non-denominational and is open to children ofall
			backgrounds regardless ofrace, religion or nationality. Belbroughton
			Nursery welcomes children with Special Educational Needs or disabilities.
			Belbroughton Nursery operates within the school and so the rent paid by
			Belbroughton Nursery helps to fund the operation ofthe school in a way
			that helps to reduce the burden on taxpayers.
Additional details of	objectives		and activities (Optional information)
			Belbroughton Nursery encourages parent/carer volunteers to be actively
You may choose io include further statements, where relevant, about:			involved in the nursery stage devebpment oftheir child(ren). The input from parents helps them to undlersltand the work done by Belbroughton Nursery staff and builds closer re)a)ionships within the setting, and helps parents and children with, the +nsition into school.
~ policy on grantmaking;
~ policy programme investment;	related		Belbroughtcn Nursery also encourages all parents/carers to attend and to participate in the regular Management Committee meetings so they can help guide the direction ofthe nursery and give the benefit oftheir skills
~ contribution made	by		snd experience.
volunteers,

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Summary ofthe main achievements ofthe charity during the year			In 2019/20 and 2020/21, Belbroughton Nursery generated over R22k surpluses such that 649,249 cash was held at 31August 2021.The Nursery Management Committee together with key staff agreed to invest some ofthe reserves for the future ofthe Nursery. The key areas on
			investment were the website/branding and toy storage and refurbishment
			ofthe main room.
			The old website was outdated, poor quality, difficult to update and not
			user friendly for parents and off-putting to prospective parents. Hence
			strengthening the branding and website was deemed an appropriate
			investment to secure future children. After a tender process, a local
			Belbroughton firm Gambit Nash was appointed to design a new logo,
			rebuild the website and support the rebranding.
			In terms oflearner numbers, Belbroughton Nursery had a reasonably,
			strong year in 2020/21. Whilst there were slightly fewer places filled in
			September 2021 compared to the previous year, due to children leaving to go into reception, there was still a reasonable number -12 children
			filled 81 settings per week, compared to 14children filling 92 settings af
			September 2020. (NB:a setting is defined as a morning or aftembon
			setting, so a child attending nursery full time attends 10settings per
			week).
			The number ofchildren increased through the autumn and spring terms,
			as is usually the case —parents tend to place their child with the nursery
			after the child turns three due to government funding rules. In July 2022,
			23 children filled 136settings.
			The nursery continues to benefit from an experienced and enthusiastic
			team ofstaff. We have a great team with lots ofenthusiasm and some
			wonderful ideas and initiatives that will ensure that Belbroughton Nursery
			goes from strength to strength and continues for many years to come.
			In 2021/22, an overall f.18,202 deficit was recorded, including the
Briefstatement		ofthe	refurbishment and website and rebranding costs. This investment was
charity's	policy	on reserves	planned spend following surpluses in 20219/20 (off15,281)and 2020/21
			(ofE6,312).
			The management committee have determined that a minimum off25k
			should be held as reserves. This ensures that the nursery has sufficient
			funds and financial resilience to weather a future downturn in birth rate
			and child numbers.
			There is a Deposit bank account held separately to the main current bank
			account to hold these reserves separately. The cash held at 3'I August
			2022, in both the deposit and current accounts, totalled F31,047.

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									Unrestricted					Restricted		Endowment
Categories			Details						funds						funds		funds
									to nearest			r.		to	nearest 5	to	nearest g
81Cash funds			Current		bank account
			Deposit		bank account						25,105
							Totalcash funds				31,04y
				legree		teisnws	with	receipts acc pormerts
								acccudts))	OK				OK			OK
									Unrestricted					Restricted		Endowment
									funds						funds		funds
			Details						to nearest			5		to	nearest 5	to	nearest 5
82 Other monetary		assets
			Details						Fund asset	towhich baton			Cost ioptlo nail			Current value o tlonsl
83investment	assets
									Fund	to	which					Current value
			Details						asset	baton							tlonal
84Assets retained		forthe	Laptop,		Ipad, Printer		and	accessonss
charity's own use			tdusic	listening cense
			Toys,	books, craB materials
			sited	snd garden equipment
			Fridge
			Washing		machine
			Website		end branding
									Fund	to	which			Amount due		When due
			Details						liabai	relates					tlonal	o annal
85Liabilities
Signed by one or two trustees on behalf of all the trustees						Sig	ature					Print	Name			Date of 0 roval
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