COMPANY REGISTRATION NUMBER: 03251011 CHARITY REGISTRATION NUMBER: 1074899 Osborne House Community Nursery Ltd Company Llmited by Guarantee Unaudited Financial Statements 30 September 2024 ALLEN, WEST AND FOSTER Chartered accountants Omega Court 364-366 Cemetery Road Sheffield S118FT
Osborne House Communlty Nursery Ltd Company Limlted by Guaranlee Financial Statements Year ended 30 Séptember 2024 Page Tru8tees' annual rèport Ilncorporatlng the dlrector's report) Independent examlner's report to the Injstees Statement of financlal actlvltles (includlng income and expendlture a¢¢ountl Statement of flnan¢lal posltlon 10 Notas to the flnancial statements 11
Osborne House Communlty Nursery Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Director's Report) Year ended 30 September 2024 The truslees, who are also the directors for the purposes of company law, present their report and the unauditèd financial statements of th6 charity for the year ended 30 September 2024. Refarèneé and admlnlstratlvo dètalls Raglstered charlty name Osborne House Communlty Nursery Ltd Charlly reglstrallon number 1074899 Company r•glstratlon number 03251011 Prlnclpal offlco and reglstared 5 Minto Road olllce Sheffield S8 4GJ The tru8tee8 A Willoughby S Wray J Nolan F Bursell E Ochoa A Wlsh B Chapple C Gonzalez (Resigned 25 Aprll 20251 {Appolnled 1 November 20231 {Akwlnled 12 Oclob&r 20231 {Appoinled 12 October 20231 {Appoinled 25 April 20251 {Appolnled 6 June 20251 Cornpony 3ecrgtsry Wosskow 8rown Indopendent 8xamlner Stephen Allen ACA FCCA Omega Court 364-366 Cemetery Road Sheff ield S11 8FT
Osborne House Community Nursery Ltd Company Limiled by Guarantee Trustees, Annual Reporl (Incorporatlng Ihe Direclor's Report) (contlnued) Year ended 30 September 2024 Structure, governance and rnanagement Governlng documont As a charity and company limiled by guarantee we are govemed by a Memorandum and Articles of Association. Appolnlrnent ol manag8m8nl commltteo Members of the management commlttee shall be known as Irustees for the Purpose of charity law. Ther& is no maximum number of trustees. but the minimum number required is 3. The board may appoint persons as members of the board elther to fill a vacancy or as an additlonal member. The board wlll actlvely seek lo recruit mèmbers from the local communlty as well as from parents of chlldren attendlng the nursery. Trusteè Inductlon and Iralnlng All trustees are 8ncourag8d to attend short tralnlng sessions to familiarise themselves wllh th8 charSly and the context wllhln whlch it operates. These cover The obligations of the board of trustees. The maln documents whlch sel out the operalional framework of the charlty includlng the Memorandum & Artlcles. The resourcing of funding, and the current financial position as sel oul In the latest published flnancla slatements. Future plans and objecllves. Safeguarding pollcy and OFSTED guSdellnes. R19k management The tru8lee8 actively revlew the malor rlsks whlch the charlty faces on a regular bagls. The trustees have ensured that reserves have been topped up and protected after they became insuff icienl durlng the pandemic In 2020, and this has put the business in a stronger position. There is also a national crisis in Ihe childcare sector, the shortag8 ol qualified EYFS praclllloners in the market means that churn and recruitment is a challenge. The Iruslees will monitor the impact of this on the setting and work wllh management to resolve on a sustalnable solution. The trustèes have also examined other operational and busines5 rlsks faced by the charity and attempted to act swrftly to mltigale any significanl risks. Organlsatlonal structure The board of trustees meet at règular inteNals during the year and are responsible for the strateglc direction and policy ol the charlly. Day-to-day responslbillty for the provision of services rests with nursery manager, Andrea Young who is responsible for ensuring that the charity delivers the services specified and that key perfomiance Indicalors are rnel. The manager a150 has responsibllity for the day-lo-day adrninislrative and financial 0ratIOn of the organisation including idenllfying, oblaining, and managing funding incorne.
Osborne House Community Nursery Ltd Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Direclor's Report) (contlftuad) Year ended 30 September 2024 Related partles The trustees consider that there are no related party transactions in the year under review Oblectlves and acllvltleg The principal activity of the charity Sn the year under review was lo provide high-quallly care and educatlon, In accordance with Ofsled regulations, for children aged 3 months lo S years. By providing full day care provision localed In the heart of the Hlllsborough district In Sheflield we enable parenlslcarers lo advance ihrough further education or to seek paid employment, knowing that Iheir children are safe and secu. We have links with the local Chlldren's Cenlre. Thls enables us to signpost parentslcarers to activities within our locality e.g. breastleedlnglbaby massage clinics and numeracy and literacy classes lor adults. The oblecllves set out by the board of trustees for th8 year In quesllon were.. Conllnue lo review the changing requirernent of parents and care glvers. Conllnue belng In surpluslbalanced funds for another 12 months. Continue lo monitor and further review our outgolngs. Maintaining recrullment of new families. Even though the website has been relaunched. we will continue improving our online presence and physical appearance. Recruit addillonal trustees. Monltor our stafflng approach, so that we can run more efflclently and cost effectlvely. Look for mora innovatlve ways to fundralse and creale revenue from the nursery bulldlngs. Continue top up of reserves account. Look to the future, Should we think about securing a repaymenl mortgage rather Ihan Interest only? Conllnue to adlust staff salarfes In Ilne wlth NLW and lees.
Osborne House Community Nursery Ltd Company Limiled by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (eonllnued) Year ended 30 September 2024 Achlevements and pertomiance We have 4 new fully onboarded trustees in addition to the èxisting trustees, this makes 6, which is a great opportunity lo add a breadth of Inslght and experience to Ihe board. We look forward lo growing the board further through this year. Once again, we are able to reflect on another steady year al the Nursery, going from strength to strength within the team and occupancy of the rooms. Occupancy has been great all year. especially after September 2024 school starters, and wilh a vlew to September coming Iwhere we have 20 going lo school), things are still looking OK. With an Avr. at the nursery being 65¥0 increasing to 68¥0 after April. We have also achlev8d a f8w of the obl8CtSv8S W8 $81 out to complete In our busSness plan and last AGM agenda.. Funding success via the Tramlines funding grant - £500 -10 use for gardening project in Spring Flnance duties are In hand wlth part tlme resource, meaning the team are able to locus on th&lr day lobs Our website has been relaunched Updated our ancient planning permi55ion to cover more current ways of running We have been able lo conllnue lopplng up reserves over the last year, whlch wlll ulllmately protect the flnanclal prollle of the Nursery and resilience going forward. Howevèr, we are looking al a couplè of significant oulgoings, these belng the Boiler which needs replacing and the large increase in Employers national insurance {13.8°A to 15Y•l taking place in April. In-llne wllh the National Llvlng Wage we ralsed wages in January 2025 - In a compellllve marketplace where recruitment Is difficult and the cost of living is not gelllng easier., this decision should hopefully help us keep up wllh a realislic market value. Due to these financlal impacts, we have also taken thè declslon to increase Nursery fees, introducing a slngle rate that is applicable lo all age groups. Which simplifies the feè structure lor all. This is particularly relevant now Ihat Funded Early Years subsidies for all infants over 9 months has largoly b8en rolled out Nalionwide. We will keep an eye on thls and ils impact on the support the Nursery receives. Finally, OFSTED will be due in the firsl half of this year, which we are confident will run smoothly as the whole team al Osborne House Nursery are doing an incredible job.
Osborne House Community Nursery Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (continued) Year ended 30 September 2024 Flnanclal r8vlew The results for the year ended 30 September 2024 are summarised in the stal8ment of Ilnancial activities on page 9. The net surplus for th8 year Is £64,35612023'. Surplus of £17,832) and unrestricted reserves stood at £330,842 {2023.' £266,486) of which £167,531 Is Sn respect of a pre-FRS102 revaluation of the freehold propety. Prlnclpal lundlng sources The prlncipal fundlng source for the charlty, apart from fees for servlces. Is cJJrrently grant Income from Sheffield City Council. RaseThe pollcy It is the pollcy of the charity to build up the unrestricted lunds lo a level whlch equates lo approxlmalely 3 months of unrestricted expendrture. Thls provides sutticient lunds to cover management administration and 8UPPOrt costs. For the year to 30th September 2024, the target for unrestricted reserv8s was £103,170 and aclual reserves were £330.842 giving an excess of £60.141 after allowing £167,531 01 property revaluatlon reserve. Plans lor lutur8 perlod8 Our aim for 202412025 is to continue running the nursery as efficiently as possible, whlle making it an attractive place to work and offer competitive childcare facllllies in the local area. We aim lo do thls by.. To continue monitoring business running costs. reducing where necessary. Malntain bulldlng our flnanclal reserves lo shore up the future of tha nursery To malntaSn an average 68% occupancy. To Continue strengthening the current team and staff retention.. To recrull additional trustees. To create addltlonal fund-ralslng opportunStles. To maintain our oulward-facSng approach. To progress the potential flnanclal galn from the property- Plan In 'Gather and Grow, sessions for 2025 to refresh gardens and painting. Coordlnale our natur8 project to updatè and regenerate the land in front of Big Noahs. Review impad of FEL for all ages groups.
08bOr HOU Communlty Nursery Ltd Company Llmlled by Guaraniee TN•tses' Annual Report (IncorporAllng the Dlrèctor'g Repart) leonn•) Year ended 30 Sepiember 2024 Ew•nl• alt* lh• •nd ol lh• r•portlng p•rlod bala9 ¥hp•l dAIo, Ing UK wlll have f•ll8cl•d upon a r8p)rt•d short rèco$8lon and lh• govornmenl aro &XPfrCted to oall LILYoniillg 01golioii whlcli MAY alleoi Ilit) iolluul and conili)ued Pro810 ol FEL lundlnq OAIty yws 8•tlln9$, Su ive wlll 1gvIo1¥ th& Iinpaoi ol th898 ev&nts s¶l&ly. Th& company h48 somg cash lo aci 45 a eushi¢%n agali)81 aiiy delgiloiailoti In Ilib Iiadlng poslllon In Iho short lo medium tèrm and rt¥ conllniio to 1oduo• co319 wh•iov0r posslbto, Thly 18 a a non.adlusilrw ovgnl and an 8sttmalo ol Ihe n4141 iTripaol on Iho ¢ompany oanntsi b• mid•, Smill oornpany provlslon• Thls cc¥npaT)I De(•ii pr•parpd In aeoordanco wllh th• pro¥lilon8 appllcablè lo companlos oni111 to lh• small elompliL)Th Thol g'annual ropofl appiov¥d on 24 Jun• 2025 and slgn•d on bghall of lh• board ol InJAw$ by.. Awil Titssi uhby
Osborne House Community Nursery Ltd Company Limiled by Guarantee Independent Examiner's Report to the Trustees of Osborne House Community Nursery Ltd Year ended 30 September 2024 I report to the Irustees on my examination of the financial statements of Osbome House Communrty Nursery Ltd Ilhe charity'l for the year ended 30 September 2024. Responslbllltles and basls of report As the Iruslees of the company {and also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordanc& with thè requSrements of the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myselt Ihal the accounts of the company are not required to be audited under Part 16 ot the 2006 Act and are eligible for Independent examlnalion. I report in respect of my examlnation of the charlly's accounts as carried out under section 145 of the Charlllès Act 2011 1.the 2011 Act'l. In carrying out my examlnallon I have followed the Directions given by the Charity Commisslon under section 14515llbl of ihe 2011 Act. Indopendent èxamlnorfs slalemenl Since the charity's gross income exceeded £250,000 your examlner must be a member of a body Ilsted In section 145 of the 2011 Act. I conflrm that l am qualified to undertake the èxaminatlon because l am a member of the Insliluie of Chartered Accounlants In England and Wales {ICAEW), whlch is one of the listed bodies. I have Completed my examlnatlon. I conflrm that no matters have come lo my altenllon in connectlon with the examlnatlon giving me cause to believe: accounllng records were not kept In respect of the charity as required by secllon 386 of the 2006 Act., or the flnandal statemènts do not a¢¢ord wilh those records; or the flnanclal statements do not comply wlth the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounls gNe a 'true and fail vlew whlch Is not a matter considered as part of an independenl examination., or the financial statements have not been prepared in accordance with the methods and prlnciples ol the Statement ol Recommended Practice for accounllng and reporting by charllSes applicable lo charities preparing Ihelr accounts In accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021.
Osborne House Community Nursery Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Osborne House Community Nursery Ltd {continued) Year ended 30 September 2024 I have no concerns and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Stephen Allen ACA FCCA Independent Examiner Omega Court 364-366 Cemetery Road Sheffield S118FT 24 June 2025
Osborne House Community Nursery Ltd Company Llmited by Guaranlee Statement of Flnancial Activities (Including income and expendlture account) Year ended 30 September 2024 2024 Unrestricted funds Tolal funds 2023 Total funds Nole Incoma and 8ndowmèntg Donations and legacies Charitable activities Inv8Stment Income 150,012 326.164 862 150,012 326,164 83,307 303,514 472 Total Income 477.038 477,038 387,293 Expendlture Expenditure on charitablè a¢tlvllle$ Totsl expendllure 412.682 412,682 412,682 369,461 412,682 369,461 Nol Income and net mov•m8nl In fundg 64,358 64,356 17,832 Reconclllallon ot lund3 Total funds brought lorward Total lunds carrled forward 266,486 330,842 266,486 330,842 248.654 266,486 The statement of flnanclal aclivlties Includes all gains and losses recognised In the year. All income and expenditure derive from contlnuing acllvllles. The notes on pages 11 to 17 forrn part of these financlal slaternents.
Osborne House Community Nursery Ltd Company Limited by Guarantee Statemenl of Financlal Position 30 September 2024 2024 2023 Nole Fixed assets Tangible lixed assèts 14 293,348 294.466 Current assets Debtors Cash at bank and In hand 15 3,993 157,282 161,275 331 96,100 96.431 Credllors: amounts tslllng due wllhln one year Net curront assets 16 19.654 20,284 141,621 76,147 370,613 Tolal assets1058 current IlabllHles 434,969 Credltors: •mounl8 lalllng du8 after more than ono yoar Not asset• 17 104,127 330,842 104,127 266,486 Funds ot the charlty Unrestricted funds 330,842 330,842 266,486 Total charlty lunds 19 266,486 For the year ending 30 September 2024 the charlty was entitled lo exemption from audit under secllon 477 of the Companies Act 2006 relatlng to small companles. Directors. responsibilities: The members have not requlred the company to obtain an audlt of its financial slalem8nts for Ihe year In quesllon In accordance with sectlon 476., The dlrèclors acknowledge theSr responsibilities for complylng wlth the requirements of the Acl wllh respect to accounting records and the prèparalion of flnanclal statements. These flnanclal slalemenls have been prepar8d In a¢¢ordan¢e with the provlslons appllcable to companies subject to the small ¢ompanie8' regime. These financial statemènts were approved by the board ol trustees and aLrthori8ed for Issue on 24 June 2025, and are signed on behalt of the board by: A Willoughby Trustee The notes on pages 11 to 17 lorrn part ot Iheso flnanclal statements. 10
Osborne House Community Nursery Ltd Company Llmlted by Guarantee Notes to the Financlal Statements Year ended 30 September 2024 Gèneral informatlon The charity is a public beneflt &ntrty and a private company Ilmlted by guarantee, registered in England and Wales and a registered charlty in England and Wales. Th6 address of the registered office is 5 Mlnto Road. Sheffield, S6 4GJ. Statemenl of compllance These financial slalements have been prepared In compllan¢e with FRS 102, 'The Financial Reporting Standard applicable in the UK and tho Republic ol Ireland.. Ihe Statement of Recommended Practlce applicable lo charilles preparing their accounts in accordance with the Flnancial Reporting Standard applicable In the UK and Republlc of Ir8land IFRS 102) {Charftl8s SORP IFRS 102)) and the Companles Acl 2006. Accountlng pollcl•8 Ba819 ol preparatlon The financial statements have been prepared on the hislorlcal cost basis. as modlfied by the revaluation of certain financial assèts and Ilabilllles and investment propertles measured at falr value through income or expenditure. The financlal statements are prepared in sterling, which is the functional currency of the entlty. Golng concern There are no malerlal uncertalnlles about the charlly's ability to continue. Dlgclosure exempiiong In line with the Charities SORP IFRS1021 Update Bulletln 1.. lal No cash flow slalement has been presented for the company. Judgements and key 80urco9 of esllmatlon uncertalnty The preparatlon of the financial statements requires managèment lo make judgements, estimates and assumpllons that affect the amounts reported. These esllmates and judgements are conllnually reviewed and are based on experience and other factors, including expectations of future events that are believed to be aSOnable under the circumstances. Fund accounllng Unrestricted fund$ are available for use al the discrelion of Ihe trusteès to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commilment. Restricted funds are subjected lo restrictions on thelr expenditure declared by the donor or through the tems of an appeal, and fall Snto one of two sub-classes.. restricted income funds or endowment fund5. 11
Osborne House Community Nursery Ltd Company Llmlted by Guarantee Notes to Ihe Flnanclal Statements (c0ntlftd) Year ended 30 Seplember 2024 Accountlng pollcl88 (conllnuod) Incomlng resources All incoming resources are included in the statement of financial activitie5 when entitlement has passed to the charlty., It Is probable that the economic beneflts associated with the transaction will flow to the charlty and the amount can be rellably measured. The following specific pollciès are applied to particular categories of income: Income from donations or grarrts is recognised when there is evidence ol entitlement to the gift. receipt is probable and its amount can be measured rèliably. legacy Income Is r6cognised when recelpl is probable and 8ntitlem8nl is èstabllshed. in¢ome from donated goods is measured at the falr value of the goods unless this is impractical lo measure reliably, In which case Ihe value Is derivèd from the ¢osl lo the donor or the esllmaled resale value. Donated facilltles and servl¢es are re¢ognised in the accounts when received If the value can be liablY measured. No amounts are Includ8d for th8 Conlrlbution of general volunteers. income from contracts for the supply of $ervlces 18 recognised with the delivery of the contracted service. This is classilied as unrestricted funds unless there is a contractual requirement for it to b8 spent on a partlcular purpose and returned if unspent. in which case il may be regarded as reslrScted. Resources 8xp8nded Expendlturè Is recognlsed on an accruals basls as a liability is incurred. Expendllure includès any VAT which cannot be fully recovered, and is classifled under headings ol the statemenl of finan¢lal activities to which it relates: exp9nditu on raising funds includ8s the costs of all fundralslng a¢tivltle$, events, non-charilable trading acllvllies. and the sale of donated goods. expenditure on charllable a¢tlvilies includes all cosls Incurred by a charity in undertaking a¢tivltles that further ils charitable aims for the benelit of its b6neflclarles, including those support Costs and costs relallng lo the governance of the charity apportloned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of Sts expendllure on charStable actlvities. All costs are allocated lo expenditure calegories reflecilng the use of the resource. Direct costs attributable to a slngle activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglbl8 assets The trustees agreéd that the market value of the land and property remalned at £290,000 as at 30 September 2024. 12
Osborne House Community Nursery Ltd Company Llmlted by Guarantee Notes to the Flnanclal Statements (conllnued) Year ended 30 September 2024 Accountlng pollcies (conllnued) Dapreelatlon Depreclatlon Is calculated $0 as to write off the cost or valuation of an asset, less ils resldual value, over the useful 6conomic lifè of that asset as follows: Office Equipment Toys & other equipm8nl 25Vo reducing balance 25Vo reducing balance Impalmiont ol fixed 888gtg A review for Indicators of Impalrment Is carrfed out al each reportlng dale. wllh the re¢overable amount being esllmaled where such indicators exisl. Where the carrylng value exceeds the recoverable amount. the asset is impaired accordingly. Prlor Impalmenls are also revlewed for posslbla reversal at èach reporting date. For the purposes of Impalrment lestlng. when11 Is not po$sible lo e$ismate the recoverable amount of an individual asset, an estimate is made of the recoverable amount ot the cash-generaling unll lo whlch the asset belongs. The cash-generatlng unit is the 5rnallest identifiable group of assets that Includes the asset and generates cash inflows that largely Independent ol the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquir8d In a busSness comblnalion is, from the acquisition date, allocated lo each of the cash-generating units that are expected lo benefit from the synergles ol the comblnallon, IrreSetiVe of whether other assets or liabilities of Ihe charity are assigned lo those unlts. Flnanelal In$trum8nls A flnancial asset or a financial liability is recognised only when the entlty becomes a paty to the contractual provisions of the instrument. Baslc Ilnanclal inslrumenls are Inltlally re¢ognl8ed al the amount recaivable or payable including any related transacilon costs, unless the arrangement constllules a financlng Iransacllon, where il is recognised al the presenl value ot the futurè payments dlscounl8d al a market rale of Inlère$l for a similar debt instrument. Currènt assèts and current liabilities are subsequently meaSud at the cash or olh8r conslderallon 8xpecled to be paid or receive(1 and not discounted. Dellned conlrlbutlon plans Contributions to defined contribution plans are recognised as an 8xpens8 in thè periTrJ in whi¢h the related seNice is provlded. Prepaid conlribullons are recognised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash und. When contributions are not expected to be settled wholly within 12 months of the end ol the reporting date in which the employees render the relaled service, the liability is measured on a discounted present value basi5. The unwinding of the discount is recognised as an expense in the period in which il arises. 13
Osborne House Community Nursery Ltd Company Limited by Guarantee Notes lo Ihe Financlal Statements (conllnued) Year ended 30 September 2024 Llmlted by guarantse The company is limiled by guarantee and as such ha5 no share capital. The members of the company are the Iruslees whose liability is a maximum of £1 each. Donallons and18gacl88 Unre5tricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 t>onatlon8 Milk subsidy 1,010 1,010 1,275 1.275 Grants Grants for nursery services Other grants 145,696 3,306 150,012 145,696 3,306 150,012 82.032 82,032 83,307 83,307 Charltable acllvltles Unreslrlcted Total Funds Unrestrfcted Total Funds Funds 2024 Funds 2023 Fees for nursery services 326,164 326,164 303,514 303,514 Investment Incom• Unrestricted Tolal Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Interest received 862 472 472 Expendltur• on charltablo actlvltlog by lund type Unreslricled Total Funds Unroslrfcted Total Funds Funds 2024 Funds 2023 Charltable activities Support costs 362,838 49,844 362,838 320,876 48,585 320,876 48,585 412,682 412,682 369,461 369,461 14
Osborne House Community Nursery Ltd Company Limited by Guarantee Notes to the Flnancial Statemenls (conÉlnuèO) Year ended 30 Seplember 2024 Expendllure on Charltable actlvltles by actfvity type Activitles undertaken directly Support costs Total lunds 2024 Total fund 2023 Charitable activities Governance costs 362,838 39,345 10,499 49,844 402,183 10,499 412,682 365,208 4.253 362,838 369,461 10. Not Income Net income Is slated alter chargingllcr8dilingl: 2024 2023 08pr8clallon ol langlble fixed assets 1,118 1,496 11. Indep8ndont oxarnln•tlon fee8 2024 2023 Fees payable to the independent examiner for: Independent examlnatlon of the financial staternents 2,360 2,250 12. Statt cog19 The total staff costs and employee benefits for the reporting perlod are analysed as follows.. 2024 2023 Wages and salaries Soclal security Gosts Employer conlrlbulions to pension plans 318,886 13,430 5,339 337.655 281,678 10,250 3,789 295,715 The average head count of employees during th8 year was 19 {2023: 191. The average nurnbgr of full-time equlvalent employees during the year Is analysed as follows.. 2024 No. 2023 No. Number of staff 19 19 No employee received employee beneflts of more than £60,000 during the year12023'. Nill. 13. Trustso remuneratlon and exp8ng89 No remuneration was pald to trustees in the period12023'. NII) nor wèrè any expenses reimbursed to Ihem 12023.. Nill- 15
Osborne House Community Nursery Ltd Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 30 Seplember 2024 14. Tanglble Ilxgd assgts Freehold Toys & other property equipment Office equipment Total Cost At 1 Oct 2023 and 30 Sep 2024 Depreclotlon Al 1 Oct 2023 Charge for the year AI 30 Sep 2024 Carrylng amounl AI 30 Sep 2024 At 30 Sep 2023 290,000 76,262 16,859 383,121 74,932 334 13.723 88,655 1,118 89,773 75,266 14,507 290,000 996 2,352 293,348 294,466 290,000 1,330 3.136 15. Debtors 2024 2023 Trade debtors Other debtors 3,971 331 331 16. Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred Income Other ¢redllor$ 1,524 3,802 15,TlO 19,654 14,318 20,284 17. Credltors: amounts falllng due after rnore thpn one year 2024 2023 Bank loans and overdrafts 104,127 104,127 During the year interest of £8.59312023: £6.736) was paid on the bank loan. The bank loan is secured on the propety. 16
Osborne House Communlty Nursery Ltd Company Limlted by Guarantee Notes to the Flnanclal Statements (continued) Year ended 30 September 2024 18. Pènslons and other post retlrement beneffts Defined contrlbutlon plans The amount recognlsed in income or expendtture as an expense In relation to defined contribution plans was £5.339 {2023: £3,789). 19. Anatysls Ot ¢h•rltable funds Unr8$trleled lunds At Income Expendltur8 30 Sop 2024 At 1 Oct 2023 General funds 266,486 477,038 1412,682) 330,842 Al Expendltur8 30 Sep 2023 At 1 Ocl 2022 Income General funds 248,654 387,293 (369,4611 266,486 20. Analy81$ ot not a8801g bolween fund$ Unreslrlcled Total Fund8 Funds 2024 Tangible flxèd assets Current assets Credltors less than 1 year Creditors greater than 1 year Nèt a88els 293,348 161,275 {19,6541 1104,127) 330,842 293,348 161,275 (19,6541 (104,127) 330,842 Unreslricled Total Funds Funds 2023 TangSble flxèd assels Current assets Creditors less Ihan 1 year Credllors greater than 1 year Not assets 294,466 96,431 {20,2841 1104,1271 266,486 294.466 96,431 120,2841 (104,1271 266,486 17