REGIERED COMPANY NUMBER: 04188152 (England and Wales) REGisfERED CHARITY NUMBER: 1087832 THRESHERS DAY NURSERY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21125 BeInge LLP Chartered Ac£ountants Lygon House 50 London Road Bromley Kent BRI 3RA
THRESHERS DAY NURSERY CONfENFS OF FINANCIAL STATEMENTS forthe yèAr ended 31 MArck 2025 Page Referenee and administrative detslls Report of the trustees 2 to 6 Kndepend¢nt examiner's report Statement of financiAI actiirytses Balallee Sheet Casb llow statement io Notes to the cash flow Ststement 11 Notes to the financial $tAtement5 12 to 18 Detstled stslemet of flnanelil Aelivitie$ 19 to 20
THRESHERS DAY NURSERY REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 March 2025 TRUSTEES I M Dawson Chair T P Courtney FCCA Trthsu Smoo L A Powrie T J Parry {app)int¢d 25.7,24) Mrs S D Gardner (appointed 23.6.25) J S Allen (appointed 23.6.25) C D Pierce (resigned 6.5.24) M Carney JP Chair (resigned 26.9.24) The Rev'd M T Skinner BA, MA (resigned 26.9.24) Mrs S Horler (resigned 26.5.25} COMPANY SECRETARY I M Dawson REGISTERED OFFICE 193 Htgh Stwt St Mary Cray Ory>ington Kent BR5 4AX RECISTERED COMPANY NUMBER 04188152 (England and Wales) RF,GISI'LRED CUARITY NUMBER 1087832 INDFPEIYDENT EXAMINER Berringers LLP Chartered Acwuntants Lygon Hous¢ 50 London Road Bromley K¢nt BRI 3RA BAIYKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ 0FED UNIQUE REFERENCE 137251 Page I
THRESHERS DAY NURSERY REPORT OF THE TRUSTEES for the year ended 31 March 2025 The tntstces 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 year ended 31 March 2025. The trustees have adopted the provisions of Ac¢ounting and Reporting by Chities. Statement of Reconmiended Practice applicable to charities preparing their accounts in accordance with the FinanGial Rep)rting Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcTivfTKES Objeetlves and airn5 The company was incorporatsd on 27 March 2001 and mmetteed operntions in this foml on l April 2001. The charity is constituted as a compeny limited by guarantee, and is accordingly govemed by a Memorandum and Arti¢lcs of Association. It is also aregistered charty whose objectives are: To advance the U¢tiOn of children below school age in the Lonth)n Borougb of Bromley, To provide for the Ge and education of chilthTn in need of care duTing out of school hours and school holiday To pnivide facilities for recation and other leisure time occupation of SUGh children in the interests of social welfare with the obj¢¢ts of improving the conditions of life for such children. Threshers Day Nutsery is governed by the Board of Thistees and ts registered by OFSTED for children from age 12 months to 5 years. The nursery aims to make day care available to all SLthrs of the local ¢ommunity. Fees 8re kept as low &s economically possible and a discretionary bursary scheme is run to SIst families in need, including 2s$isting in the P<iyment of childT¥'n' fccs where parents are experiencing financial ditTi¢uliies. The Nursery's aim is to makc places available immediately on requesL Il this Lannot be achieved the child's name will go on a waiting Ii5L Sympathetic consideration is given to children recommended by LB of Bromley Social Services Department or by a GP or Health Visitor. To further these aims and objectives the Nutsery wlll: Promote the Nursery in the local community Describe the Nursery and its Practices in tenns which mgke it Clear that it welcomes all family members and carers regardless ot'cultural, ethnic, religious and social Broup or having any disability. Remain open 51 weeks of the year- Closing only for the Christsn&q week. AdviSL' all enquirers of the Nursery'5 OFSTED Registration. Maintain a transparent fee and session structure, Page 2
THRESHERS DAY NURSERY REPORT OF THE TRUSTEES for the ye&r ended 31 March 21125 OWEcfivES AND AcrIvrriES Operational policy The Nursery is reqllid to meet the Ststutory and Non Statutory Requirements of the Early yea Foundation Stsge as re(IUiTed by OFSTED and seeks to improve the quality of care for Children by offering appropriate developmental activiti¢s with a high level of adult input in an environment that is safe, stimulating and seGure. The Nursery aims lo provide opportunities for the Ghildren to explor4 acknowledge and to value similarities and differen¢es between themselves and othe, as well as develop a sense of independence and an ability to tnake choices and express th¢ir feelings. The Nursery is on the Farly Years Register in order to comply with the requirements of OFSTED. The Government lld5 loca] authoTlties via the Early Years Funding Scheme to pay for children to e1ve day care in earty year settings such as Threshers Day Nursery. Many of the children who attend Threshers are entitled to this fundin& Three and four year olds Ive universal cntitlements to 15 hours a week fvnded care. An additional 15 hours of nded ¢aT¢ is provided to w01n8 parents (30 hours in lolal}. Eligible two year old children and below are also entitled to funding 5ubje¢t to their family's income. Some children are nded by Social ServiLYs Department under the Children Ad 1989, scGlion 18 (children who require day care for pUrpoS of good development of thLir hcalth, are disabled or in need of protection). Childru'n who do nol meet the Government funding criteria are also admitted to ihe Nurscry on a fee payin8 b&4ig. Meals and refr&8hments are supplied. The charity employs 20 Pernent Slaff ag well 4 bank statf apprentices, and offers placements to students who are studying Childcare urSes. The ¢harity is organised pl) thAt the trustees meet at It 4 times a year to manage its affairs. The current level of Government nursery ndifig will be incr8ed for eligible wod(ing families from Sepiember 2025 and ThSherS will be working with the Iwal authority, LB Bromley to see how this will operat¢. Public beneflt Thc trustees consider that the objectives and aims of the charity d¢s7bed alx)ve enable it to m¢¢t its obligations to the Charity Commission to advance the edatIon of childr¢n below school age and provide care and recreational opportuniti¢s to children in the interests of bociaI welfare and to improve Ihe conditions of life for such chlldren. Tha8e ar¢ further confimied by its acliievements alld perfornianccs as outlined herein. Page 3
THRESHERS DAY NURSERY IiEPORT OF THE TRUSTEES for the year ended 31 March 2025 STRATEGIC REPORT Aehievement and perforniance Charitsble activities The day to day running of the nursery is delegated by the tnLqtees to the Manager, Blerta Beitia. Tn]stees continue lo appreciate th¢ haul work that Blerta and herteatn play in maintaining high Standards in day to day operations. A weekly SFK)rts cl&8s sponsored by the nursery was intn)dueed in March 2023. It provides recreational activities benefiting atl of the children in ternis of fits, fun and friendship in a safe and nurturing environmenL supervised by wofcssionai coaches. The Nursery was inspect¢d without notice being give on December 12th 2024 by Ofsled, under sections 49 and 50 of the Childcare Act 2006. The Inspector undertuuk a "learning walk" with the Manager and spoke to staff and a gTOUP of parents thAt were attending a Nursery event on that day• dnd then spoke with th¢ Chair and Vice Chair after to gain an insight in to the longer t¢nn plans for the Nursery. Ofited's assessment was "Good. ocros5 all four ¢atsgories of Quality of Educ&tion. Behaviour and Altitudes, Pc'rsonal Development. and Leadership and ManagLment. Th¢ Inspector made only one recommendation for improving standards fillther concerning continulng to improve children's understanding of h¢aiih and wellbeing. The Board receives periodic rewjrts on the implementation of this recommendations. An annual staff apprai5ai system is in place for all pennanent staff with targets estsblished for the further development of the Nursery. Appropriate training is provided to support the8¢ plans. Early Years Advisory Teache and an ATea SENCO both provide ceSS to srrtialist advice and support, Each year a Graduation Day is held for all pff-school children 8nd thi5 has proven to be popular. Parents have enjoyed celebraling their child's journey at the nursery and it is. a proud moment for the staff and parents to see the children growing up and what they have achi¢vpAI. The Nursery prides itself on maintaining very positive relations with parents and to achieve this stsff Seek to behave in a professional rnanner at all times. AS mu¢h nolice as possible is 8iven when it l*comes necessary to increase fees and. if Approprie, additional support may be available through the Bursary Fund. New Build The Offici81 Opening of our new building tnDk place on 19 July 2024, with the Deputy Mayor and Mayor¢5s plus cornmunity representatives in attendance, togcthcr with supporters, parents children, staff and Trustees. The rst phase of 8 Playscape Scheme has mrnence(L wilh th¢ installation of a large purpose-built canopy to allow children to play ouidoors in all weothcrs, and an upgraded sand pitT To match our smart new building we completely refurbished our existing kitchen situated in the original buildin& (kning the Summer holidays so that we could Continue to provide a cooked meal every day for every child. Flnantial review FlnAnciYdl POJ&ition Following the SuCLesSl wmplelion of the state of the art nursery building ill January 2025, Threshers has enjoyed an excellent years trading in 2024125. Nd income for the year was £62,720 (202£I1,999) whi¢h exceeded budget and the PTior year, even allowing for the additional cost of rent and light heat & power inGuTred during the building constnjction phase in 2024. These trading results were achieved by an increase in the level of Funding income for working paTents of two year olds that more than offsetting the anticipated reduction in parent fees. Occupancy levels remain¢d high throughout the year. Nwsery man&g¢ment has continued to maintain control over operating costs wherever possible. Interest incorne from temi dewisit5 de¢lined Cash resources were used to fijnd the capital ¢xpenditures of the previous Fundraising aotiviti¢s again made an excellent contribution. The Fundraising Committee's WO is much appreciated as is ihe ntinUIng third paty supporL prirnarily from Barings and Frankhams.
THRESHERS DAY NiIRSERY REPORT OF THE TRUSTEES for the year ended 31 Mareh 2025 STRATEGIC REPORT Financial review Roerves policy In accordance with Charity Cornmission reserve fid guid¢lines, the Board has made the following provisions having regard to its, attity(k to risk. Disruption Fund - This fund was set up to cover any prolonged period of dislocatitsn or possible terniination of Nursery activities, comprising an estimated £73,000 of liabilities to cover employee benefits, if the Charity h8d to ce trading, and £110,000 being approx 3 months-worth of fixed operating costs. As a resulL the Board ated Éo tain a minimum rwrve in various cash deposits of £183,000. This sum will be reviewed periodically and updated &5 necessary. Bursary Fund- This fund w&8 set up to help d]Sadvtaged children attending the Nursery. £5,000 (2024 - £5,000). Incoming resources amounted to £548,137 (2024 £500,130) comprising of fees receivable of £144.902 (2024 £187,357). Education grdllt £372,209 (2024 - £277,667), Lucal Authority Fees £12,502 (2024 - £9,723), donations and eontributions of £9.731 (2024 - £7,550), and investment income of £8,793 (2024 £17.833), UnrcstrILd resources expended amounted in total to £485,417 (2024 - £488,132). Total net incomllig/(outgoing) resources frjr the year were £62,270 (2024- £11,999), Future plan8 Iyew 3 yeAr Busine58 Pl8n Our previous Strategic business plan ran from 2022 to 2025, so late in 2024 the Board commemced the proce&8 of forniulating a fresh plan for the next 3 years. After tsking input from Thtstees, Management and Staff and considering relevant external faCrS. a new busin¢55 plan w&$ signed off by the Roatxl in January 2025 including key objectives such as Trustee recruitmen¢ updating our website, maintaining 'Good' Ofsted reports whi15t maintsin tight controls on our finan¢¢$ in the lisht of uncertain financial indicators nationalty. Our new Lease Work has ci)mmenced with the landlords, the IA)ndon Borough of Bromley, to review the lease on the original building on51te, which is due to expire in December 2027. The Nursery is protected by a secured tenancy der the Landlord and Tenant Aci 1954, The Council has advised that it will commence discussions eA)ncerning the Nursery's new le on¢ year before the ¢xpiry of the ¢UTrent l¢as¢ on 21 December 2027. This will include the revised rent, which the Council has indicaled will be based on & commercial valuation, in acwrdance with its new policy. However, for charities such as Thre8hers Day Nursery. the new commercial rent is likely to be ph&sed in over a three-year period, It will be necessary in due fOUTS¢ for the T51¢¢8 to make appropriate provision for the anticipated additional cost. STRiiCTURE, GOVERNANCE AND MANAGErVN[ Coverning document The charity is controlled by its governing document a Memordndum and AttiGle5 of AssoGiation. It 15 constituted &8 a limited company. limited by guaranke, as defined by the Companies Act 1985. The current Governing thcument wa5 signed off by Irnstccs in July 2020. Retrukment and appoinlmcnt of neiv tn15tee The Board has the power to appoint additional trustees subjgrt to a cleardn(% from the Disclosure and Baning Service (DBS), fonnerly CRB. and the approval of the Office for Standards in Education (OFSTED). As mentioned above, the active recruitment of new trustees with appropriate skills are a key objective over the ne year or so Io sure meetings are alivays quorate and that a sufficient diversity of opinions can be sought before decisions a made. Suitable candidates can be either appointed on the recotnmendation of other Irustees or loGal orwiisations, or application to the Nursery dirett. A new recwitment process has been drafted ensuring comprehensive induction and targeting training is provided to ensure new joiners can contribute as quickly as possible. The Board recognises and thanks tbe valuable Contributions made to th¢ Tunning of the Nursery by M]Tr¢ Carney. Sue Horler, Michael Skinner and Chris Pierce, all of whom resigned since the last reporting year,
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INDEPENDEiYf EXAMINER'S REPORT TO THE TRUSTEES OF THRESHERS DAY NURSERY Independent examiner's report to the trustees of Threshers Day Nursery Cthe Company,) I report to the tharity trustees on my examination of the accounts of the Company forthe year ended 31 March 2025. Rwons5bllitie$ alld bAsls of report As the charitys thistees of the Company (and also its direthrs for the purposes of eA)myany law) you are responsil)le for the preparation of the accounts in accord8n¢e with the requirements of the Compani¢s Act 2006 ('the 2006 ACO. Having satisfied myself that the accounts of the Company ar¢ not required kn be audited under Part 16 of the 2006 A¢t and are eligible for independent exarnination, I report in respeth of my examination of your ¢harity's accounts &8 caffied out under Section 145 of the Charfjties Act 2011 ('the 2011 Act,). In carrying oul my examination I have followed the DiT¢¢tions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's ststejnenl Since your charity's gross income exceeded £250,000 your examin¢r must be a member of a listed body. I can confimi that Iam qualified to undertake the examination because l am a member of the InslilutL' of Chart¢red Accountallts in England and Wales, which is one of the liste41 bodies. I have completsd my examination. l eonfimi that no matters have come to my attention in wnnection with the examination giving me cause to believe: accounting records were not kept in respect ofthe Company as required by Section 386 of the 2006 Acl. or the a¢count5 do not accord with those records. or the accounts do not cornply wilh the aLcounting requirements of Section 396 of the 2006 Aet other than any requirement that the accounts give a trne and fair view which is not a matter considthtd 8$ part of an independent examination; or the accounts have not been prepared in aceordance with the methods and principles of the Statement of Recornmended Practice for accounling and Teporting by charities (applicable to charities preparing their gccounts in accordance with the Financial Reporting Stahdard applithle in the UK and Republi¢ of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the exaTnination to which attention should be drawn im this report in order to enable a proper understanding of the accounts lo be reached. Paul S Allan Bsocsc FCA Berrin8ers LLP Chartered Accountants Lygon House 50 London Road BTomley Kent BRI 3RA Page 7
THRESHERS DAY NURSERY STATEMENT OF FINAFICIAL AcfiviTtES ONCOluRATllNG AN INCOME AND EXPENDrruRE ACCOUNT) for the year ended 31 March 2025 2025 TotAI funds 2024 Total ftmds Unrestricted fimds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9,731 9,731 7550 ChAritAble gctivities Provision of care and education 529,613 529,613 474.747 Investment income &793 8,793 17.833 Total 54&137 548,137 5(M),130 EXPENDITURE OIY Raising fi]nds 2,812 2012 Ch8ritable ACtlvltlÉq Provision of c4r¢ ana education 482,605 485,156 TotAI 485,417 485,417 485.156 Net gains/(losses) on investments (2,975) NET INCOME 62,720 61720 11.999 RECONCILIATION OF FUNDS Total funds brought forward 712J82 712J82 700,383 T(yfAL FUNDS CARRIED FORWARD 775,102 775,102 712.382 The notss forni part of these financial statements
THRESHERS DAY NURSERY BALANCE SHEET 31 Lllarch 2025 2025 Totsl funds 2024 Total funds Unrestricted fimds Restricted funds FIXED ASSETS Tangible assets li 528070 528,870 528,471 CURRENT ASSE Debtors Cash at bank and in hand 12 13J78 243J64 13J78 243,564 17,020 250,617 256,942 256,942 267.637 CREDITORS Amounts falling due within one y 13 (10,710) (10,710) (83,726) NET CURRENT ASSETS 246232 246232 183,911 TOTAL ASSETS LESS CURRENT LIABILITIES 775,102 775,102 712,382 NET ASSETS 775,102 775,102 712,382 15 Unrestricted ndS 775,102 711382 TOTAL FUNDS 775,102 712,382 The charitable company is entitled to exemption fiDm audit under Section 477 of the Companies A¢t 2006 for the year ended 31 March 2025. The rnembers have not required the company lo obtain an audit of its financia] stslements for the year ended 31 March 2025 in aroordance with Section 476 of the Companie5 Act 2006. The tThteeS acknowledge their responsibilities for (a) ensuring that the cliaritable company keeps 8¢counting rerdS that comply with Sections 386 and 387 of the Companies Act 2006 and preping financial statcmcnts which give a true and fair view of the state of affairs of the charltable company as at the end of each fanCIal ycar and nf its SUTplus or deficit for each ftnancial year in aGrordance wilh tl requirements of Sections 394 and 395 and which otheNise comply with th¢ requirements of the Companie5 A 2006 relating to fmancial stat¢m¢nts, so far as applicable to the charitable company. (b) e financial statements were approved by the Board of TnJ5tees and authorised for issue on T P Courthey FCCA - Tru The notes forn) part of these fancIal statemaits Page 9
THRESHERS DAY NURSERY CASH FLOW STATEMENr for the year eThd 31 March 2025 2025 2024 Notes C4sh flows from operating activities Cash generated fiDm opeTations 25,732 114,846 Net c&sh provided by operating tiVItieS 25,732 114.846 Cash flows from invosting actfvltlos Purchase of tangible fixed assets Purchase of fixed et inveslments Sale of fixed ass¢t inv¢skn¢nts Intejrst received (41 578) (561,794) (1,400) 100,186 17,833 8,793 Net cash used in invesling activities (32,785) (445,175) Change In cash and ¢h ¢quivaknt$ in th¢ reporting period Cash and cAsh equivalents at the beginning of the reporting period (7,053) (330,329) 250,617 580,946 Cash and elsh equival¢nts at the end of the reporting period 24364 250,617 The notes forn] part of these financial statements Page 10
TItRESHERS DAY IYURSERY NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 202S RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACmqTILS 2025 2024 Net ineome for the reporting period (As per the Statement of finan¢i*l activities) Adjustments for: DepreGiation charges Losses on investrnents Loss on disposal of fixed &ssets Interest received Dase in debtors {Decrease)lincrease in creditors 62,720 11,999 41.171 36,076 2,975 6,0(Ki (17,833} 5,330 70.299 (8,793) 3,642 (71016) Net egsh provided by operatlons 25,732 114,846 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31J.25 Net cash Cash at bank and in hand 250,617 (7,053) 243,564 250,617 17053) 243A64 Total 250,617 (7,053) 243,564 The notes forni part of these flliancial statements Page 11
THRESHERS DAY NURSERY NOTES TO THE FINANCIAL STATEMENtS for the year ended 31 Mar¢h 2025 AccOUNG POLICIES Basls of preparing the financial statements The financial stal¢m¢nts of the charitable cotnpany, which is a public benefrt entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AcGounting Reporting by Charitie5.' Statement of RecK>mmended Practice applicable to Gharities preparing their accounts in CordanCe with the Financial Reporting Standard applicable in the UK and Republic of knland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Art 2006. The financial statements have beffl prepad under the historical cost convention, with the exception of investments whiGh are included at market value. Income All income ig recognised in the Statement of Financial Activities once the eharity has entitlement to the funds, it is probabl¢ that the incorne will be r¢ceived and th¢ amount can b¢ m¢L8ured reliably. Donations includes voluntary income from fimdrai5ing activities. Expendlture Liabilities att recognised as cxpenditure as soon there is a legal or nStrU1Ve obligation committing the chatity to thal expenditure, it is probable that a transfer of economic b¢nefits will b¢ required in settlement and the amount of the obligation can be measur¢d reliably. Expenditure is accounted for on an accrnals basis and has been classified under headings that aggrcgate all cost related to the clltegory. Where costs cannot be directly attributed to particular headings they have been allocated to a¢tiviti¢s on a basis consistent with the use of resources. Governance costs Governance costs comwi5e the legal and ststutory costs of operating the charity. Tanglble fixed Assets Depreciation is provided at the following arn)ual rates in order to write off each asset over its estimated usefi life. New Build 2024 Improvements to property Fixtur4 fittings & equipment StraiBht line over 25 year5 Straighl line over lo years and Straight line over 3 years 330/0 on cost The Trustees LsIder that no impairnient of fed assets is deetned necessary. Taxation Th¢ charity is exempt from cotyoration t&K on its Gharitable activiti&s. Fund Accounting UnstrICted funds can be used in accordance with the charitsble objectives at the di5CTetion of ihe tnle¢s. Further explanation of the nature and puryose of each fid is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scherne. Contributions payable to the tharitable ¢ompany's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Play equipment The purchase of play equipment 15 debited to the In¢om¢ and Expenditu AOUnt e4ch year. In addition the charity reLeives many items of play equipment and consumable5 from donations during the year but it is not possible to quantify the value. Investments Investments are stated at nrket value at th¢ balance sheet date. Th¢ Statement of Fingmcial Activities includes net gains and losses arising on revaluations. Page 12 continued...
THRESHERS DAY NURSERY NOTES TO THE FINANCIAL STATEMEiYfs- colltinued for tbe year ended 31 Mareh 2025 DOIYATIONS AIYD LEGACIES 2025 2024 Donations 9.731 7,550 INVFSTMEiYf INCOME 2025 2024 Deposit account interest Investment income from quoted inveslments 8,793 16.433 1,400 8,793 17,833 INCOME FROM CHARrrABLE AcrivrriES 2025 2024 iA)cal Authority Fees Parents, Fges EdU110n grants 12,S02 144,902 372309 9,723 187.357 277,667 529,613 474,747 RAISING FUNDS The fund raising Costs in the ycar rnainly relate to costs associated with the celebrations of the grand opening of the new wing. CHARITABLE ACTIVITIES COSTS 2025 2024 Pmvision of ¢are and education Wages Social Security & Pension Nursery Costs Support Costs 369,688 103,49S 9822 337,545 133,689 13.922 482ffj05 485,156 Page 13 continued...
THRESHERS DAY NURSERY NOTES TO THE FINANCIAL STATEMENfs- continued for the year ended 31 Mareh 2025 SUPPORT cOs Governance costs TOtS Provision of care and education 7,582 1040 9,422 NET INCOMEI(EXPENDITURE) Nel ina)mel(expenditure) is Stat after chargin(Cliting).' 2025 2024 Depre¢iation- owned assets Dcficit on disposal of fixed ass¢ts 41,171 36.076 6,000 TRUSTEES, REMUNERATION AND BENEFITS There were no tNstees' remuneratlon or other benefits for the year ended 31 Mar¢h 2025 nor for the year ended 31 March 2024. Trustee8' expenses There were no tru8tses' expenses paid for the year ended 31 Mar¢h 2025 nor for the year ended 31 March 2024. io. STAFF COSTS 2025 2024 Salaties Social security costs Pensions Clcanin8 Training Reeruitrlent costs 335,474 15,728 8214 066 2,541 1,725 306,003 13.602 7,462 5,668 3,890 920 369.688 337,545 No employee earned more than £60,000 per atmum. There were 15 (2024 - 15) fiAII time employees assisted by part time employtts and volunteers during the year. all engaged in charitable activities. Th¢ total average numberof slaff employ w&$ 21 (2024 - 20), Pa8¢ 14 continued...
THRESHERS DAY NURSERY NOTES TO THE FINANCIAL StATEMENTS- continlled for the year ended 31 March 2025 ii. TANGIBLE FIXED ASSEIS Improvement5 to Fixture, fittings & equipment New Build 2024 prop Totals cosr At l April 2024 Additions Disposals 494,998 130ffj09 26297 41821 IS281 (1342) 66&428 41,578 (2J42) At 31 March 2025 494,998 15&906 55,760 707,664 DEPRF.CIATION At l April 2024 Charge for year Eliminated on diswsal 19000 19*00 85J70 12,151 3£587 9,220 (1334) 139,957 41,171 (2J34) At 31 March 2025 39,600 97.721 41,473 17&794 NET BOOK VALUE At 31 Maffh 2025 455098 59,185 14287 5W870 At 31 March 2024 475,198 45,0.39 8,234 528,471 12. DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Debtors Prepayments and accrned incom¢ $090 10,870 6,150 13J78 17,020 13. CREDrroRS: AMouNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Socia] se¢urity and other tsxes Fees Received in Advance Accruals and deferred income 4,463 254 $993 4.302 630 78,794 10,710 83,726 Page 15 eontinued...
THRESHERS DAY NtJRSERY NOTES TO THE FtNANCIAL STATEMENTS. eontillued f(Jr the year ended 31 March 2025 14. LEASING AGREEMENTS Minimum le&se payments under non-cancellable operating leases fall due as follows: 2025 2024 Within one year Between one and five years More than five years 9ffj6l 14,492 8,957 27.974 24,153 36,931 These commitments relate to the current rental of the propety and incrwe in line with inflation. The le&8e was in¢r¥ascd lo £1331.15 p¢r quarter fiDm 22 December 2023 and to £2,415.25. per quarter fron 22 December 2024. The wrrent Icase with the London Bon)ugh of Bromley expires on 22 December 2027. IS. MOVEMENT JN FUNDS Net movement in fijnds At 31.3.25 At1.4.24 Unrestricted funds General nd Bursary liund DisruptioD Fund New Build Fund 459J82 5,000 183,000 65,001 62,720 522,102 5,1)110 183,000 65,000 712J82 62,720 775,102 TOTAL FUNDS 712J82 62,720 775,102 Net movement in funds, included in the above are as follows: tncoming resources Resources expended Movement in funds Unrestricted funds General fvnd 548,137 {485A17) 62,720 TOTAL FUNDS 548,137 (485,417) 62,720 Page 16 continued...
THRESHERS DAY IYURSERY NOTES TO THE FINANCIAL STATEMENI8- continued for the yexr ended 31 Mareh 2025 MOVEMENT IN FUNDS- eontinued Comp4rativ¢$ for movement in fun Net movement in fidS Transfers bdween funds At 31.3.24 At 1.4,23 Urtr1ded funds General fimd Property Improvement Fund Bursary Fund Disruption Fund New Build Fund 145,383 550.(K)O 5,000 11,999 301000 (550,000) 459J82 5,000 183,000 65,000 183,0(Ki 65,000 71Y),383 712J82 TOTAL FUNDS 7(X),383 712J82 Comparative net movement in funds, included in the above are as follows: Incoming resources R¢y)ur¢es expended Gain5 and 105ses Movement in funds Unrestricted funds s General nd 500,130 (485,156) {2,975) 11,999 TOTAL FUNDS 500,130 (485,156) (2,975) 11,999 DeslgDAted Funds Current year at 31.032025 Unrestricted In accordance with chlty Comrnission guideline4 the Board h&8 made the following provisions having regard to its attitude to mitigate risk. Disruption Fund - This fund was set up to cover any prolonged period of dislocation or temiination of Nursery aclivilies, comprising £73,000 of liabilities to cover employee benefits, if the Chority had to ¢¢ase Iradin& and £110,000 being 3 moilths worth of fixed operoting costs. Further, the Board agreed to retain a minimum SerVe in various Ga5h deposits of sorne £183,000. This sum will be reviewed wiodically and updated as ne¢essary. New Build Fund - This fund was set UP lo cover a potential liability that may arise from the New Building Proje¢t. Bursary Fund- This fund was set up to help disadvantaged chilthen attendingthe Nursery. Page 17 Continue..
THRESHERS DAY NURSERY NOTES TO THE FINANCIAL STATEMENTS- contlnued for the year ended 31 March 2025 16. RELATED PARTY DISCLOSURES There were no related paty transa¢tions forthe yfdf ended 31 March 2025. Page 18
THRESHERS DAY NURSERY DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025 2025 2024 INCOME AV4D ENDOWMENrs DonAtlon8 and legAcie8 Donations 9,731 7550 Investmenl ineonje Deposit acwunt inkrest Investment income from quoted investhients 793 16,433 1,400 8,793 17,833 ChAritabl¢ activili Lo1 Authority Fees Parents, Fe¢$ Education Grant 12502 144,902 372209 9.723 187,357 277,667 529ffj13 474,747 Total Incojnlng resources 54&137 500,130 EXPENDITURE RAi5ing donations and lep¢i¢s Fund raising costs 2012 Charltsble activiti Wages So¢ial serity Pensions R¢nt Light, heat water & insurance Telcphone Printxng, p05tage, stationery & office expenses Sundries Repairs & maintenance Food & drink Play equipment & welfare Nappies, wipes & disposals Child support o)sts Bad debts Dcprcciation of improvements Plant and machinery Depreciation of ftureS & fittings LK$5s on sale of tangible fixed assets 345,747 15,728 &214 9,833 13,894 lJ35 042 U27 169 8,032 015 3,237 1048 1,683 12,151 19000 9220 317,231 13.602 7.462 33,895 21,260 921 3,547 3,987 6.520 8.379 7215 3.476 1,356 307 9,703 19,800 6,573 6,OIM) 473,183 471.234 Support costs This page does not forn) part of the statuts)ry fmancial statements Page 19
THRESHERS DAY NURSERY DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Ye ended 31 March 2(125 2025 2024 Supylrt ulsts Other Legal & professional fees J2J22 Governance costs Independent examination I40 Total r¢souKes expended 485,417 485,156 Net income before gAlns And losses 62,720 14,974 Reailsed r¢¢ognAsed gains and1o8se8 Realised gains on investment Lts {2975) N& Ineomg 62,no 11,999 This page does not forn part of the statlttory financiaI statements Page 20