Charity Number: 1081475 C¢mpany Number: 03823559 THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LSMITED BY GUARANTEE) LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024 Trustees H Sthwarz C Bright W Pickford A Bright Charlty number 1081475 Company number 03823559 Prlnclpal address and reglstered offlce Gervays Hall JaNis Lane steyning West Sussex BN44 3GL Independent Examiners TC Group The Courtyard Shoreham Road Upper Beeding steyning West Sussex BN44 3TN Bankers Lloyds Bank 74-78 Churth Road Hove East Sussex BN11NW Solicltors Griffith Smith FaIngton Webb 47 Old Steyne Brighton East Sussex BN1 1NW
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Trustses, report Independent exarnine¢s report ststement of financial activitie5 Balan sheet Notes to the accounls 7-12
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees are pleased to present their rert together with the finanaal stalements of the charity for the year ended 31 August 2024. The legal and administrative information is presented at the start of these financial stat8m8nts. The accounts comply with the Charities Act 2011. the Companies Act 2006. the Memorandum and Artides of Association, and Accounting and R8POrting by Charities: Statement of Recommended Practice appIlble to charities preparing their acwunls in accordan with the Financial Reporting Standard apPcable in the UK and Republic of Ireland (FRS 102> (effective 1 January 2019). Objects of the charity The obj'ects of the charity are: th8 pronN)tion of education which advances and énhances the welfare of the inhabilants of Steyning, through the operation of a nursery sch1 for thildren aged two to four years old. Organisation The board of trustees meet every half term to deal with matter5 as they arise and plan for future aclivities. The daily running oflhe nursery is administered by the nursery head who is a full-time employee. The trustees who have Seed the charity since 1 September 2023 were as follows: H Schwa. Chair K Jackson (resigned 8 January 2025) A Marshall {fesigned 8° January 2025) J Brady (resigned 8, January 2025) A Bright (appoinled 8° January 2025) C Bright (appointed 8° January 2025) W Pickford (appointed 8th January 2025) Investment powers Under the Memorandum and Artides of Association. the chartty has the power to rnake any investment which the trustees see fit. Review of activitie6 Southdown Nursery has had an excellent year. Demand for places is high, arKI the register of children has been full. We've been fortunate to receive grants to invest in our facililies and infraslruGture and have run successful fundraising community events. as well as three 'Paint and Play. volunteer maintenance momings. The Nursery ¢onlinues to provide significant support to our children and families. often filling gaps lefl by diminishing local serwces. For example, staff support families with signposting and referrals to relevant services and acts as an advocate if English is an additional language or they are vulnerable. Since the Covid pandemi wè rectsgnise thal children are coming to nursery with greater needs. Staff have taken steps through training and working with other settings to 'bridge the gap, and provide extra support in the following areas - communication and language, personal, social and emotional development and physical development. The Nursery manager attends several professional networks induding a to1 Early Years Leaders Netwotk and SENCO (Special Educational Needs Coordination) Network. The trustees are particularty proud of our highly skilled. committed and longstanding staff members who make the nursery Ihe fantastic Pla it is.
THE SOUTHDOWN SCHOOL TRUST {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (INCORPORATING THE DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Nursery has an amazing outside space yth large sandpit, sensory garden, digging area, veg patch and an outside classroom. These faalities support Forest School practices that build children's selfosteem, confidence, independence, creativity and physical and emotional wellbeing. We have Iwo Forest School trained members of slaff which allows us to weave forest school prinapals and activilies into our daily plans and routines. We have enhanced the space with a wooden climbing frame, donated to us by a friend of the nursery and cleverly adapted to meet the needs of small chihjren by a father of one of our children. This yearwe have benefitted from a generous grant from Ihe Wilson memorial Trust for new tablets. These allow staff lo document children's activities and development and share these wilh families using the newly implemented Tapestry. software. Tapestry is a childhood education platform that provides tools to support strong relationships with families. document each child's unique leaming ioumey and streamline monitoring and reporting processes. The Wi5son Memorial Twst grant has a150 allowed us to invest in new wooden building blocks which children use daily to create towers, pirate ships, trains. cars. tlIding sites and obstade courses. The blocks support several areas of development induding problem solving, imaginative play. self-expression, malhs skill and social and emotional skills. Southdown Nursery has also been chosen to be part of Co-op Community Fund (starting in October 2024} which when awarded in 2025. will be used to replace our summer hous8S to enhance the outside leaming spac8. The Nursery community has u)ntinued its ca18ndarof activiti8s including 'Paint and Play. maintenance momings, Halloween party raising £260. and Summer Fair raising £779. These events provide families with an opportunity to connect with each other, support the Nursery through volunteering their time and fundraise for much needed resources. Future plan8 As the Govemment rolls out the Early Years Entitlement expansion, we are regisleting more tsvo years olds than in the past. This has implications on staffing, activities and facilities. We are adapting the setting by investing in new equipment and making adaptations to meet the needs of this younger cohort. Future projects indude updating our website to make il easier for families to use, replacing our old playhouses and improving the acssibilty of our garden for year-round use. Financial review During the year. the nursery generated a total income of £142,988 {2023: £122,994), wth a surplus of £7.174 12023= deficil of £3.156). ReseNes policy It is Nursery policy that finala1 affairs are maintained wthin a tight budget approved by ttustees. The nature of the NurseWs activities detennines the reseNes flmd and other assets are held to cover unexpected shortfalls on the Statement of Financial Activities. At the year end, fe reserves tolalled £22,28912023: £12,460). The Trustees consider thal if there was significant drop in short terTn funding, they will be able to continue the Nursery's aclivilies while consid&ration is giv8n to additional ways in which funds may be raised. The Charity is therefore acting in line with the Reserves Policy.
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Public benefrt statement In accordance with our duties as stated in section 17{5) of th8 2011 Charities Act. we have considered the guidance provided by the Charity Commission in regard to public benefit. The public benefrt has been demonstrated by the a¢livitses undertaken since the InptiOn of Ihe charity outlined in the 'Activities' section above Trustees, responslbllis in relation to the accounts Company law requires the truslees to prepare accthjnts for eath financial year which give a true and fair view of the state of affairs of the charity and ofthe incoming resources and applic*ion of reSoUrs. including the income and expenditure. of the charttable company for that year. In preparing these accounts, the trustees are required to: select suilable accounting policies and then appty Ihem o)nsistenlly'. obseNe the methods and winciples in the Charities SORP: make judgements and estimates that are reasonable and prudent" and prepare the accounts on the going cimcem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable acojracy at any lime Ihe financial position of the charity and enable them to ensure thal the accounts comply with the Companies Act 20. They ale also responsible for safeguarding the assets of the chaiity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitiè5. This report has been prepared in accordance with the special provisions of Part 15 of Companies Act 20C6 relating to small Companies. Approved on behalf of the board of trustees: Houda SchwarL- Trustee {Chalr) Dated.................
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE SOUTHDOWN SCHOOL TRUST I report to the charity trust8es on my examination of Ihe accounts of the Charttable Company for Ihe year ended 31 August 2024. Responsibilities and basis of report As the charilws trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2¢)J6 Arf). Having satisfied myself that the accounts of the Charitable Company are nol required to be audited under Part 16 of the 2CQ6 Ad and are eligible for independent examination. I report in respect of my examination of your charity'$ accounts as carried out under section 145 ofthe Charities Acl 2011 Cthe 2011 Act,). In carrying out rny examination I have followed the Directions gtven by the Chanty Commission under section 145(5) (b) of the 2011 Act. Independenl examlnevs statement I have ttimpieled my examination. I confim that no matters have come to my attention in conne(Xion wilh the examination giving me Cause to believe.. accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records: or 3. the accounts do nol comply wilh the accounting requirements of section 3% of the 2006 Act other than any requirement that the accounts give a 'lrue 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 Stalement of Recommended Practice for accounting and reporting by charities. I have no concems and have come across no other matters in connection wilh the exanination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Tea¢hed. Mark Cummins FCCA FCIE for and on behalf of TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Dated..
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Notes Unrestrrcted Funds 2024 Restricted Funds 2024 Totsl funds 2024 Total funds 2023 Income from: Charitable activities- Nursery fees Donations 135,607 1,239 135,607 7,381 110,494 12.5) 6.142 Total income 136,846 6,142 142,988 122.994 Expendlture on: Charitable activities 130.187 5,627 135,814 126,150 Total expenditure 130.187 5,627 135.814 126,150 Net incomel(expenditure) and movemont in funds 6,659 515 7,174 13,156) Tot81 funds brought forward 32.889 1581 35,470 38,628 Total funds carried forward 39.548 3,096 42,PA4 35,470 There are no recognised gains or lossas other Ihan those reported on the Statement of Financial Aclivrties. All activities are dassed as continuing. The notes on pages 7 to 13 fom part of these awounts.
THE SOUTHDOWN SCHOOL TRUST IA COMPANY LIMITED 8Y GUARANTEE) BALANCE SHEET AS A T31 AUGUST2024 2024 2023 Fixed assets Tangible assets 17.259 20.429 Current assets Cash at bank and in hand Oeblors 53,927 91 34.963 246 S4.018 35,209 Creditors: amounts falling due within one year 10 {28,633) (20,168) Net current assets 25,385 15,041 Total assets less current liabilities 42,644 35,470 Net assets 42.644 35,470 The funds of the charity Unreslricled ftjnds Restricted funds 12 11 39,548 3.096 32,889 2,581 42,644 35,470 Thes& financial statements have been prepared in accordance with the special provision5 of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2016 and are for circulation to members of the company. For the financial year 3110812024 the company was entilled to exempth'on under section 477 of the Companies Act 2006 relating to small companies. No members haye required the company to oblain an audil of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilty for complying with the requirements of the Ad with respect to a(untIng records and for th8 preparation of accounts. These accounts have been prepared in accordan with thé provisions applicable to companies subject to the small companies. regime. The accounts were approved by the Board on...-... 4erf qolS H Schwarz - Trustee (Chalr) Company number- 03823559
THE SOUTHDOWN SCHOOL TRUST {A COMPANY LIMITED BY GUARANTEE> NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Legal Status The Southdown School Trust ts a charitable company, limited by guarantee, registered in England and Wales. The charitable company's regislered number arKI registered offic8 address can be found on the legal and administratic page. Every member guarantees. rfthe Charity is dissolved while they remain a member or within 12 month5 afterwards. to pay up to £10 towards the costs of dissolution and the liabilities incUrd by the Charity while Ihe contributor was a member. Accounting policies Basis of preparation The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 1021). the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102), the Companies Act 201 and the Charities Act 2011. The Southdown Sch¢)ol Tnjst meels Ihe definition of a public benefrt entity under FRS 102. Ass6ts and liabilities are initially recognised at historical cost or transaclion value unless otherwise ststed in the relevant accounting policy note{s)- There are no material uncertainties aboul The Southdown School Trust's ability to continue as a going concem. The functional currency of the charity it pounds sterling. Itwns in the accounts are rounded lo the nearest pound. Cash Flow Statement In accordance with Section 7 of FRS 102 the charity is daiming exemption from the requirement to prepare a cash flow statement on account of its size. Incomo All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified viith reasonable accuracy. The following specific policies are applied to particular categories of income- Nursery fee income is recognised when receivable. Inwme from donations, gtfts and legacies & other fundraising is iTKluded when r8C8ivable by the charity.
THE SOUTHDOWN SCHOOL TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUnng Policies 2.4 Expenditure Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT whid) cannot be fulty recovered. and is reportod as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and setwices for its beneficiaries. It indudes bolh costs that can be allctated directly to such activities and those cos15 Of an indirect nature netsssary to support them. (continued) Support costs are those costs incurred directly in support of expendrture on th8 objects of the charity. Tanglble flxed assets and depreciation Tangible fixed assets a capitalised at ¢ost or. in the case of fixed assets that have been donated to the canty. at valuation at the lime of acquisition and depreciated over their estimated useful economic life on a slraight-line basis as follows= Asset category Leasehold Improvements Fixtures, Fittings & Equipment Annual rate 10 years 4 years Fund accounting Unrestricted general funds - funds which be used in accordarte with the charitab18 objects at the discretion of the trustees and which have nol been designated for other purposes. Restricted fvnds - funds which are subject to donor imposed restrictions. Taxation As a charity, The Southdown School T$t is exempt from tax on income and gains to the extent that these are applied to its charitable objecls. Debtors Trade and other debtors are recognised at the settlement amount due. Pr8paym8nts are valued at the amount prepaid. Cash at bank and in hand Cash at bank and in hand includes cash and short temi highly liquid investments. The Trustees seek to use short tenn deposits wher8 possible to maximise Ihe retum on monies held al the bank and to manage cash flow. 2.10 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will piobably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 2.11 Grltical accounting estimates and judgements In the application ol the crIty'S aco)unting policies. the trustees are required to make judgements, estimotes and assumptions about lh8 canying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other lactors that are considered to be relevant. Adual results may differ from these estimates. The estimates and underlying assumplions are reNiewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The trustees do not consider th the are any critical estimates or areas of judgement thal need to be brought to the attention of the readers of Ihe financial statements.
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture Staff Depreciation costs Other costs Total Total 2024 2023 Charitable activities - nursery school Direct charitable actiwty Support costs (note 4) 108.092 3.820 20.336 3.566 132.248 3,566 122.254 3,896 108,092 3.820 23.902 135.814 126,150 Support Costs 2024 2023 Admin costs Govemance costs (note 5) 2.066 1,500 2,510 1,386 3,566 3,896 Governance Costs 2024 2023 Independent examination fees 1,500 1,386 1,500 1,386
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Staff Costs 2024 2023 Wages & salaries Pension 102.207 5,885 90,078 3,355 108.092 93,433 The charity employed 8 monthly average of 8 staff during the year (2023.. 8). The key management personnel of the charitable company comprises the Board of Trustees and Manager of the Southdown Nursery and Forest Schwl. The remuneration paid to key management personnel during the year was £26.468 (2023: £25,835). None ofthe staff members were paid over £60.000 (2023: None). Trustees The charity is underthe control of the Trustees. None oflhe trustees (nor any persons nnected with them) received any remuneration during the year (2023: £nil). No trustee received expense 1mbUrSeMents during the year (2023, £nil}. There were no related party transactions during the year. Tangible fixed assets Leasehold Improvements Fixtures, Fittings & Equipment Totsl Cost As at 1 September 2023 AddOnS 111.816 21,067 650 132.883 650 As at 31 August 2024 111,816 21.717 133,533 Depreciation At 1 September 2023 Charge for the year 91.387 3,818 21.067 112,454 3,820 At 31 August 2024 95,205 21.069 116,274 Net book value At 31 August 2024 16,611 17.259 At 31 August 2023 20.429 20.429 io
THE SOUTHDOWN SCHOOL TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Debtors 2024 2023 Trade debtors 91 246 91 246 10 Creditors: amounis falllng due within one year 2024 2023 Trade Creditors Accruals Deferred income 604 250 1.936 26,093 1,619 18,299 28,633 20,168 Asat1 September 2023 Asat31 August 2024 11 Restri¢tsd lund$". Income ExndItUre Transfers Resurfacing floor Garden Project iPads Wooden block &Storage 2,581 {2,581 (964 3.634 2,670 2.508 (2,082) 426 2.581 6,142 (5.627) 3,096 Restricted funds include a £3,634 donation in 2024 for garden projects and a £2,508 donation for iPads and building blocks. li
THE SOUTHDOWN SCHOOL TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 12 Analysls of net assets between funds Unrestricted funds Restrictsd funds Totsl For the year ended 31 August 2024 Fixed assets Current assets Creditors.. amounts falling due within one year 17.259 50.922 {28,633) 17,259 54,018 (28,633) 3,096 39,548 3,096 42,644 Analysis of not assets between funds Unrestricted funds Restricted funds Total For the year ended 31 August 2023 Fixed assets 20,429 32,628 (20.168) 20.429 35,209 (20,168) Curr6nt assets 2,581 Creditors: amounts falling due within one year 32,889 2,581 35,470 13 Comparative ststernent of financial activities 2023 Unrestricted Funds Restrtcted Funds Total funds Income from: Charitsble aclivities- Nursery fees Donations 110,494 2,272 110,494 12,500 10,228 Totsl incorne 112,766 10.228 122,994 Expenditure on: Charitable activities 114,882 11,268 126,150 Total expenditure 114.882 11,268 128,150 Net expenditurelmovement In funds (2,116) 11,040) (3.156} Total funds brought forward 35,005 3,621 38,626 Total funds carrled forward 32,889 2,581 35,470 12