OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

REGISTERED COMPANY NUMBER: 04203195 (England and Wales)

REGISTERED CHARITY NUMBER: 1087254

Report of the Trustees and

Financial Statements for the Period 1 April 2022 to 31 August 2023

for Rosemellin Gooseberry Bush

BK Plus Audit Limited Chartered Accountants and Statutory Auditors 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX

Rosemellin Gooseberry Bush

Contents of the Financial Statements for the Period 1 April 2022 to 31 August 2023

Page
Report oftheTrustees 1 to 4
Report ofthe Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19
DetailedStatementofFinancialActivities 20 to 21

|

Rosemellin Gooseberry Bush

:

Report of the Trustees for the Period 1 April 2022 to 31 August 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2022 to 31 August 2023. The trustees have adopted the provisions of 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 2019).

This trustees’ report also contains a directors' report as required by company law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to advance the education and welfare of children living in Camborne and the surrounding area in Cornwall from birth to the age of 11, through the provision of safe and stimulating childcare, play and recreational facilities, and to provide education and training opportunities for parents, carers and other members of the community. Success is measured by attendance at the nursery and the training events, and the income this generates, in addition to the general welfare of the children in attendance.

In setting the charity's objectives and planning its activities, the trustees have given careful consideration to the charity commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee charging.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The significant activities undertaken in the year relate to the provision of safe and stimulating childcare and education for children living in Camborne and the surrounding area. This has also included working with children with special needs and running specific focus groups, as detailed below.

Finance

Our accounts assistant, James, has now completed his AAT and is competent in completing monthly reviews and setting budgets to enable the trustees to embed financial viability.

Focus Groups/ The Honey Jar

The focus group offers a six weekly parenting and child language course 'Talk boost' and is working with the Camborne family hub ‘Being passionate about parenting’. WILD group continues to use the space for young parents on a Tuesday afternoon.

Staffing

During the last 18 months, staffing has maintained stable. The main change was the manager requiring 3 months off from January 2023. The nursery now has two managers sharing the role.

Training

Following an Ofsted visit in February 2023, staff have received the following training:

Allergies

Behaviour Speech and language Positive environments First aid

The nursery continues to encourage staff to develop their personal career development and is proactive in seeking free training for all.

Trustees

The nursery welcomed a new trustee, Charlene Sargent (Rosemellin School Head). The trustees continue to support bother the wellbeing and safety of staff and site.

Gilly's Cafe

The wages and outgoings continue to create a deficit. The trustees agree that the cafe is a service that gives parents a place and time to chat to other parents and/or professionals. An over 50s group now meets in the cafe on a Thursday morning.

Funding

Early years funding continues to be 50% of the total nursery's income. The nursery cannot charge more for this service as Government fixes the hourly rate per child.

Page 1

Rosemellin Gooseberry Bush

Report of the Trustees for the Period 1 April 2022 to 31 August 2023

FINANCIAL REVIEW

The charity has one bank account with Natwest Bank and the charity's day to day business is conducted through this current account. A bounceback loan was also taken out during the Covid-19 pandemic and is currently being paid back. The charity's main source of income is nursery fee income from parents and Early Years funding.

Financial position

The Statement of Financial Activities shows a net deficit of £41,307 for the 17 month period ending 31 August 2023 (year ended 31 March 2022: Deficit of £1,179), including depreciation of £65,822.

Reserves policy

The restricted reserves of the nursery are being held to meet the expenditure in accordance with the provisions of the related grant. The unrestricted reserves are being held to meet the operational costs of the day nursery, and to cover any deficits arising as the nursery becomes self sustainable.

The total funds held by the nursery are £648,478 (2022: £689,785). Free reserves amount to a surplus of £189,976 (2022: Surplus of £199,116).

The level of unrestricted reserves held by the nursery is £316,889 (2022: £314,233) and the level of restricted reserves held is £331,589 (2022: £375,552).

FUTURE PLANS

The Government announced funding changes in April 2023. From September 2024, working families of children aged from 9 months to 23 months will be able to access 15 or 30 hours free childcare. The nursery has looked at how to accommodate the increase in children placing their names on the waiting list by changing its opening hours for the two term-time playrooms from 9am - 3pm to 8am - 4pm. The after school club, Jumping Jelly Beans, which shares one playroom has been given notice to find new premises to accommodate the changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is limited by guarantee and governed by the Memorandum and Articles of Association. The company was incorporated on 20 April 2001.

The Articles of Association require a board of three or more trustees who manage the charity. The day to day running of the charity is overseen by the general manager, C Buscombe. The general manager meets with the chairman of the board of trustees on a monthly basis and the trustees meet four times a year.

Recruitment and appointment of new trustees

One third of the trustees retire from office at each annual general meeting, based on who have been longest in office or by lot where the time period is the same.

Only those persons retiring by rotation may be appointed as a trustee at a general meeting unless another person is recommended by the trustees or unless 14-35 days notice is given by a voting member of the intention to propose that person for appointment along with particulars of that person and notice of[their][willingness][to][be][appointed.]

Induction and training of new trustees

Training and induction procedures for new trustees include:

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The major risks to which the charity is exposed have been reviewed and systems have been developed to monitor and control those risks to mitigate any impact that they have on the charity in the future.

Page 2

Rosemellin Gooseberry Bush

Report of the Trustees for the Period 1 April 2022 to 31 August 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The main risks affecting the Charity and the actions taken to mitigate these risks are as follows:

Rising cost of supplies

A review of supplies is carried out annually and contracts are checked to ensure no better deals can be sought elsewhere.

Staff retention

Termly appraisals are carried out in order to gain staff feedback, as well as staff training and reviewing wages regularly to ensure competitive.

Financial risks

The finance team implement budgets and forecasts which are regularly reviewed and increasing fees are regularly considered.

Inadequate reserves

This is linked to occupancy levels and government funding levels. Monthly reports are produced and reviewed detailing attendance and cash flow and actions taken as and when needed.

Government funding

Government funding is fixed. A termly review of staffing ratios and attendances is carried out as well as marketing free funded spaces.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 04203195 (England and Wales)

Registered Charity number 1087254

Registered office Cliff View Road Camborne Cornwall TR14 8QH

Trustees Mr N Lake (Chair) Mr CJ Bray Mrs N Finn (resigned 1.7.22) Miss C Sargent (appointed 1.7.22)

;

Auditors

BK Plus Audit Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX

Bankers

National Westminster Bank 4 Commercial Square Camborne Cornwall TR14 8EB

Page 3

Rosemellin Gooseberry Bush

Report of the Trustees for the Period 1 April 2022 to 31 August 2023

PUBLIC BENEFIT

The main focus of the charity's activities is the provision of childcare. Incorporated with the childcare provision is a programme of events and activities designed to help the children's social and emotional wellbeing.

The charity welcomes all young children regardless of personal background or personal circumstances and believe that the nursery offers a public benefit to Camborne and the surrounding area by helping to improve the education and most importantly, the welfare of the young children living in those areas.

TRUSTEES’ RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Rosemellin Gooseberry Bush for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, BK Plus Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Q—7-24 Approved by order of the board of trustees ON wissen and signed on its behalf by:

----- Start of picture text -----
Lal
----- End of picture text -----

Mr N Lake - Trustee

Page 4

‘

Report of theRosemellinIndependentGooseberry AuditorstaBushtheMembersof

Opinion

We have audited the financial statements of Rosemellin Gooseberry Bush (the ‘charitable company’) for the period ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)} and applicable law, Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires 1s to repart to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns, or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Page 5

Report of the Independent Auditors to the Members of . Rosemellin Gooseberry Bush

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the risks of material misstatement in respect of fraud by:

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above. These included, but are not limited to:

There are inherent limitations in detecting irregularities described above. The more that laws and regulations are less intrinsically linked te financial transactions, the less likely it is we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be more difficult to detect than those that arise from error as they may involve deliberate concealment or collusion,

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description farms part of our Report of the Independent Auditors.

Page 6

Reportof the IndependentRosemellin Gooseberry Auditors Busto t h e Members of

Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose, To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Hession C.A. (Senior Statutory Auditor)

BK Plus Audit Limited

Chartered Accountants and Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GLS1 9TX

;

Date: AOf2 JU...

Page 7

;

Rosemellin Gooseberry Bush

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Period 1 April 2022 to 31August 2023

Period
1.4.22
to Year Ended
318.23 313.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 25,897 - 25,897 11,321
Charitable activities 5
Provision of a nursery school 1,124,379 - 1,124,379 695,578
Investment income 4 10,957 - 10,957 8,688
Otherincome 2,184 > 2,184 6,092
Total 1,163,417 - 1,163,417 721,679
EXPENDITURE ON
Raisingfunds 6 4,714 - 4,714 3,043
Charitable activities 7
Provision ofa nurseryschool 1,156,047 43,963 1,200,010 719,815
Total 1,160,761 43,963 1,204,724 722,858
NET INCOME/{EXPENDITURE) 2,656 (43,963} (41,307) (1,179)
RECONCILIATION OF FUNDS
Total funds broughtforward 314,233 375,552 689,785 690,964
TOTALFUNDS CARRIED FORWARD 316,889 __331,589 _$48,478 689,785

The notes form part of these financial statements

Page 8

Rosemellin Gooseberry Bush

Balance Sheet
31 August 2023
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 126,913 331,589 458,502 518,669
CURRENTASSETS
Debtors 14 99,771 - 99,771 74,149
Cash at bankand in hand 136,378 - 136,378 180,618
236,149 - 236,149 254,767
CREDITORS
Amounts falling due within oneyear 15 (26,663) - (26,663) (50,309)
NETCURRENTASSETS 209,486 - 209,486 204,458
TOTALASSETS LESSCURRENT LIABILITIES 336,399 331,589 667,988 723,127
CREDITORS
Amounts falling due after morethan one year 16 (19,510) - (19,510) (33,342)
NETASSETS 316,889 331,589 648,478 689,785
FUNDS 18
Unrestricted funds 316,889 314,233
Restricted funds 331,589 375,552
TOTALFUNDS 648,478 689,785

|

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial, statements were approved by the Board of Trustees and authorised for issu@ ON wu uscseccsesessssetseeseeeeeereeee2.-7 -£E¥-ANG WEFE signed on its behalf by:

----- Start of picture text -----
Mr N Lake - tne
----- End of picture text -----

The notes form part of these financial statements

,

Page 9

.

;

Rosemellin Gooseberry Bush

, Cash Flow Statement for the Period[Aprit] 1[ 2022][ to][31][August][ 2023]

.

Period
14.22
to Year Ended
31.8.23 343,22
Notes £ £
Cashflowsfromoperating activities
Cashgenerated fromoperations 1 (20,461) 29,679
interest paid (1,122) (1,078)
Net cash (used in}/provided byoperating activities (21,583) 28,601 :
Cashflowsfrom investing activities ;
Purchase oftangiblefixedassets (36,940) (8,808)
Sale oftangiblefixed assets 27,944 -
Netcashused in investing activities {8,996} (8,808)
Cash flows from financing activities
Loan repayments inyear (13,661) (6,185)
Netcash used infinancing activities . (13,664) (6,185)
Change in cash and cash equivalents inthe
reportingperiod (44,240) 13,608
Cash andcash equivalents atthebeginning of
thereporting period 180,618 167,010
Cash and cash equivalents attheendofthe
reportingperiod 136,378 180,618

: : The notes form part of these financial statements Page 10

1, RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Rosemellin Gooseberry Bush

Notes tothe Cash Flow Statement for the Period 1 April 2022 to 31 August 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Periad| |14,22| |to|Year|Ended| |31.8,23|31.3.22| |£|£| |Net|expenditure|for the|reporting|period|(as|per the Statement|of|Financial| |Activities)|(41,307)|(1,179)| |Adjustments|for:| |Depreciation|charges|65,822|46,899| |Loss|on|disposal|of fixed|assets|3,341|-| |Interest|paid|1,122|1,078| |Increase|in|debtors|(25,622)|(20,422)| |(Decrease)/increase|in|creditors|(23,817)|3,303| |Net|cash|(used|in)}/provided|by operations|(20,461)|29,679|

----- End of picture text -----

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |ANALYSIS|OF|CHANGES|IN|NET FUNDS| |At|1.4.22|Cash|flow|At|31,8.23| |£|£|£| |Net|cash| |Cash|at bank|and|in|hand|180,618|(44,240)|136,378| |Debt| |Debts|falling due|within|1 year|(39,473)|(171)|(9,644)| |Debts|falling|due|after|1|year|(33,342)|13,832|(19,510}| |(42,815)|13,661|(29,154)| |Total|137,803|(30,579)|107,224|

----- End of picture text -----

The notes form part of these financial statements

Page 11

Rosemeilin Gooseberry Bush

Notes to the Financial Statements for the[Period][1][April][ 2022][ to][31 August 2023]

  1. COMPANY INFORMATION

The charitable company is limited by guarantee, incorporated in England and Wales, and its principal place of business which is the same as its registered office is detailed in the Report of the Trustees.

The nature of the charitable company's operations and its principal activities are disclosed in the Report of the Trustees.

The presentation currency of the financial statements is the Pound Sterling (£).

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 lreland (FRS 102} (effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial staterments have been prepared under the historical cast convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it Is probable that the income will be received and the amount can be measured reliably.

There are no performance-related conditions imposed on grants received.

Income fram donations and legacies includes the income raised from the running of the cafe and any other donations made to the nursery.

Provision of a nursery school income includes the nursery fees charged and early years income.

Government grants

Government grants are recognised as income when there is evidence of entitlement, receipt is probable and the amount can be measured reliably. Grants received are included as unrestricted funds within ‘Other income’.

Other forms of Government assistance from which the charity has benefited are disclosed in the notes to the financial statements.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings . they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support casts have been allocated ta governance costs. Governance costs are those items of expenditure incurred in the course of the charity's statutory obligations and include the cost of audit and costs linked to the strategic management of the charity.

Support costs are wholly allocated to the provision of the nursery school, being the main charitable activity undertaken by the charity. These form part of Charitable Activities disclased on the face of the Statement of Financial Activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over Its estimated useful life.

Long leasehold - 4% oncost Fixtures and fittings - 25% on cost

All tangible fixed assets are held at cost.

The charity does not capitalise expenditure on toys given the high level of wear and tear.

Page 12

continued...

Rosemellin Gooseberry Bush

Notes to the Financial Statements- continued for the Period 1 April2022 to 31 August 2023

2, ACCOUNTING POLICIES - continued Taxation The charity is exempt from corporation tax on its charitable activities.

Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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.

----- Start of picture text -----
,
----- End of picture text -----

Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value,

Going concern There are no material uncertainties regarding the charity's ability to continue as a going concern,

DONATIONS AND LEGACIES

3. DONATIONS ANDAND LEGACIES
Period
1.4.22
to Year Ended
31.8.23 31.3.22
£ £
Donations
Grants		 425
-		 1,227
1,700
Cafe income 25,472 8,394
25,897 11,324
4, INVESTMENT INCOME
Period
1.4.22
to Year Ended
318.23 31,3.22
£ £
Rentsreceived 10,987 8,688

Page 13

continued...

Rosemellin Gooseberry Bush

Notes to the Financial Statements - continued for the Period 1 April 2022 to 31 August 2023

5. INCOME FROM CHARITABLE ACTIVITIES

Period
1.4.22
to Year Ended
31.823 31.3,22
Activity £ £
Nurseryschool fees Provision ofa nursery school 1,124,379 695,578
6, RAISING FUNDS
Ralsing donations and legacies
Period
1.4.22
to Year Ended
31.8.23 31.3.22
£ £
Staffcosts 4,714 3,043
Expenditure on raising funds is estimated 10% of the gross salary and employers’ national insurance costs of the General
Manager.
7. CHARITABLE ACTIVITIES COSTS
2023
Support
Direct costs (see
Costs note 8) Totals
£ £ £
Provision ofanursery school 1,187,907 12,103 1,200,010
2022
Support
Direct costs (see
Costs note 8) Totals
£ £ £
Provision ofa nurseryschool 712,745 7,070 ___719,815
8, SUPPORT COSTS
Governance
costs
£
Provision of a nurseryschool 12,103
Support costs, included inthe above, are asfollows:
Governance costs
Period
1.4.22
to Year Ended
31.8.23 313.22
£ £
: Provision ofa nursery schoal:
Auditors’ remuneration 6,870 4,740
Accountancy fees 5,233 2,330
12,103 7,070

Page 14

continued...

Rosemellin Gooseberry Bush

  1. NET INCOME/(EXPENDITURE}

Notes to theFinancial Statements - continued for the Period 1 April 2022 to 31 August 2023

Net income/{expenditure} is stated after charging/(crediting):

Period
1.4.22
‘ to Year Ended
31.8.23 313.22
£ £
Auditors' remuneration —fees payable forthe auditof the financial statements 6,870 4,740
Depreciation -owned assets 65,822 46,899
Deficitondisposaloffixedassets 3,341 :

10. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the period ended 31 August 2023 nor for the year ended 31 March 2022.

Trustees’ expenses

During the period ended 31 August 2023 costs of £460 (year ended 31 March 2022: £109) were reimbursed for provision of services by The Countryman which is one of the entities owned by Lake Inns and Leisure Ltd, a company in which one of the trustees, Mr N Lake is a director. At the balance sheet date there was an outstanding amount of ENil (2022: ENil).

Remuneration paid to key management personnel, being senior management, during the period ended 31 August 2023 amounted to £42,169 (year ended 31 March 2022: £30,430).

14,

STAFF COSTS

STAFF COSTS
Period
1.4.22
to Year Ended
31.8.23 31,3,22
£ £
Wages and salaries 908,867 527,770
Social security costs 40,770 22,284
Other pension costs 13,411 7,777
963,048 557,831

The average monthly number of employees during the year was as follows:

Period
1.4,22
To Year Ended
31.8.23 31.53.22
Management& Administration 8 8
Childcare 36 33
44 Al

No employees received emoluments in excess of £60,000,

Page 15

continued..,

Rosemellin Gooseberry Bush

Notes to the Financial Statements - continued for the Period 1 April 2022 to 31 August 2023

12. COMPARATIVES FORTHESTATEMENTOF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOMEAND ENDOWMENTS FROM
Donations and legacies 11,321 - 411,321
Charitable activities
Provision ofa nursery school 695,578 : 695,578
Investment income 8,688 - 8,688
Other income 6,092 - 6,092
Total 721,679 - 721,679
EXPENDITUREON
Raising funds 3,043 - 3,043
Charitable activities
Provision ofa nursery school 668,143 51,672 719,815
Total 671,186 51,672 722,858
NETINCOME/(EXPENDITURE) 50,493 (51,672} (1,179)
RECONCILIATION OF FUNDS
Total funds brought forward 263,740 427,224 690,964
TOTALFUNDS CARRIEDFORWARD 314,233 375,552 689,785
13. TANGIBLE FIXEDASSETS
Fixtures
Long and
leasehold fittings Totals
£ £ £
COST
At 1 April 2022 1,087,350 111,786 1,199,136
Additions 29,526 7,414 36,940
Disposals (49,062) (31,552) (80,614)
At31 August2023 _1,067,814 87,648 1,155,462
DEPRECIATION
At 1 April 2022 574,094 106,373 680,467
Charge foryear 60,617 5,205 65,822
Eliminated on disposal (18,758) (30,571) __{49,329}
At31August2023 __.615,953 81,007 __696,960
NETBOOKVALUE
At31August2023 451,861 (6,641 458,502
At31March2022 __513,256 5,413 518,669

Page 16

continued...

14, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Rosemellin Gooseberry Bush

Notes to the Financial Statements- continued for the Period 1April 2022 to 31 August2023

14, DEBTORS: AMOUNTS FALLING DUE WITHIN ONEONE YEAR
2023 2022
£ £
Trade debtors 90,660 72,352
Other debtors 100 ~
Prepayments and accrued income 9,011 1,797
99,771 74,149
15. CREDITORS:AMOUNTS FALLING DUEWITHIN ONEYEAR 2023 2022
£ £
Bank loansand overdrafts (seenote 17) 9,644 9,473
Trade creditors 4,528 32,662
Other creditors 3,718 2,615
Accrued expenses 8,773 5,559
26,663 50,309
16. CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHAN ONE THAN ONEYEAR 2023 2022
£ £
Bank loans (see note 17) 19,510 33,342
17. LOANS .
An analysis ofthe maturity of loans Is given below:
2023 2022
£ £
Amounts fallingdue within oneyear on demand:
Bank loans 9,644 9,473
Amounts falling due betweentwo and fiveyears:
Bankloans-2-5years 19,510 33,342

During 2021, the company took out a 6 year bank foan for which the Government have provided a 100% guarantee in respect of the outstanding balance. The balance outstanding at the Balance Sheet date is £29,154 (2022: £42,815). Interest is charged at 2.5%.

18, MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement
At 1.4.22 in funds At 31.8,23
£ £ £
Unrestricted funds
General fund 314,233 2,656 316,889
Restricted funds
Building Fund 358,976 (40,393) 318,583
Cornwall Council - Garden grant 16,576 (3,570) 13,006
375,552 (43,963) 331,589
TOTALFUNDS 689,785 (41,307) 648,478

Page 17

continued...

Rosemellin Gooseberry Bush

Notes to the Financial Statements - continued for the Period 1 April 2022 to 31 August 2023

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|;|1,163,417|(1,160,761)|2,656| |Restricted|funds| |Building Fund|-|(40,393)|(40,393)| |Cornwall|Council|- Garden|grant|-|(3,570)|(3,570)| |_|(43,963)|___|(43,963)| |TOTAL FUNDS|1,163,417|{ 1,204,724)|(41,307}| |Comparatives|for movement|in|funds| |Net| |movement| |At|1.4.21|in|funds|At|31.3,22| |£|£|£| |Unrestricted|funds| |General|fund|263,740|50,493|314,233| |Restricted|funds| |Building|Fund|392,504|(33,528)|358,976| |Pengegon|Cornmunity Fund|14,948|(14,948)|-| |Cornwall|Council|- Garden|grant|17,612|(1,036)|16,576| |National|Lottery Community|Fund|2,160|(2,160}|-| |427,224|(51,672)|375,552| |TOTAL FUNDS|690,964|(1,179)|689,785| |Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|.|719,979|(669,436)|50,493| |Cornwall Community|Fund|1,700|(1,700)|-| |721,679|{671,186}|50,493| |Restricted|funds| |Building|Fund|-|(33,528)|{33,528}| |Pengegon Community Fund|-|(14,948)|(14,948)| |Cornwall|Council|- Garden|grant|-|(1,036)|(1,036)| |National|Lottery Community|Fund|-|(2,160)|(2,160)| |-|(51,672)|(54,672}| |TOTAL FUNDS|721,679|{722,858}|(1,179)|

----- End of picture text -----

Page 18

continued...

Rosemellin Gooseberry Bush

Notes to the Financial Statements - continued for the Period 1 April 2022 to 31 August 2023

18. MOVEMENT IN FUNDS - continued

Restricted Funds

Building Fund - Used to facilitate the purchase of an additional building in which Rosemellin Gooseberry Bush day nursery operates from.

Pengegon - Grant from Cornwall Council to help families who live in deprived areas of Camborne engage and be more involved with the community. This fund has been fully utilised.

Cornwall Council Garden Fund - Funding towards the provision of an outside play garden area for children.

National Lottery Community Fund - Funding to support people and communities affected by the Covid-19 pandemic. The charity received this funding for the provision of community lunches. This fund has been fully utilised.

Cornwall Community Fund - Funding of £1,700 was received during the previous year to support families and the local community. This fund has been fully utilised.

19, EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme. The pension cost charge for the period ended 31 August 2023 represents contributions payable by the charity to the scheme and amounted to £13,411 (year ended 31 March 2022: £7,777). OS

At the year end the charity had outstanding contributions of £2,233 (2022: £1,383).

20. RELATED PARTY DISCLOSURES

There are no related party transactions for the period ended 31 August 2023, other than as disclosed in Note 10.

Page 19

:

;

Rosemellin Gooseberry Bush

Detailed Statement of Financial Activities for the Period 1 April 2022 to 31 August 2023

Period
1.4.22
to Year Ended
31.8.23 31,3.22
£ £
INCOMEAND ENDOWMENTS
Donations and legacies
Donations
Grants		 425
-		 1,227
1,700
Cafe income , 25,472 8,394
, 25,897 11,324
investment Income
Rents received 10,957 8,688
Charitable activities
Nurseryschool fees 1,124,379 695,578
Otherincome
Government grants - 4,017
Photography 2,184 2,075
2,184 6,092
.
Total incomingresources 1,163,417 721,679
EXPENDITURE
Raising donations and legacies
Wages 4,217 2,731
Social security 419 257
Pensions 78 ee
4,714 3,043
Charitable activities
Wages 904,650 525,039
Social security 40,351 22,027
Pensions
Rent, ratesandwater		 13,333
12,246		 : 7,722
6,703
Insurance 10,595 7,009
Lightandheat 10,402 8,430
Telephone 3,206 3,123
Postage and stationery 2,585 732
Sundries 25,488 18,132
Consumables
Repairs and maintenance		 41,501
25,299		 23,879
19,175
GillysCafe Expense 11,890 4,945
Childrens activities 63 398
Bad debts written off 11,546 14,098
Bankcharges 4,467 2,035
Legal & professional - 1321
Depreciation oftangiblefixed assets 65,822 46,899
Loss on sale oftangible fixed assets 3,341 -
Carriedforward 1,186,785 711,667

This page does not form part of the statutory financial statements

Page 20

Rosemellin Gooseberry Bush

Detailed Statement of Financial Activities for thePeriod1 April 2022 to 31 August 2023

Charitable activities Brought forward Bank loan interest

Support costs Governance costs Auditors’ remuneration Accountancy fees

Total resources expended

Net expenditure

Period
1.4.22
to Year Ended
31.8,23 31.3.22
£ £
1,186,785 711,667
1,122 1,078
1,187,907 712,745
6,870 4,740
5,233 2,330
12,103 7,070
1,204,724 722,858
(41,307) (1,179)

This page does not form part of the statutory financial statements

Page 21