Registered number: 05925303
Charity number: 1092566
Home Farm Children's Nursery Limited
(A company limited by guarantee)
Trustees. report and financial statements
For the year ended 31 August 2024

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Contents
Page
Referance and administrative details of the Company. its Trustees and advisers
Trustees, report
Independent auditor's report on the financial statements
8- 11
statement of flnancial activities
12
Balance sheet
13
Notes to the flnancial statements
14-19

Home Farm Children's Nursery Limited
{A company limited by guarantee)
Reference and administrative details of the Company, its Trustees and advisers
For the year ended 31 August 2024
Trustees
M Seymour. Chair (resigned 23 August 2024)
P Dodd, Vice Chair (resigned 23 August 2024)
K Douglas, Secretary (resigned 23 August 2024)
l H Brooks
D Bailey (resigned 5 March 2025)
S Williamson
F Coombe (appointed 8 October 2024)
Dr K Smith. Chair (appointed 8 October 2024)
B Tumer. Secretary (appointed 8 October 2024)
Company registered
number
05925303
Charity registered
number
1092566
Registered office
Homewood School & Sixthfomi
Ashford Road
Tenterden
Kent
TN30 6LT
Company secretary
B Tumer
Independent auditor
Kreston Reeves LLP
Chartered Accountants
Stalutory Auditor
Montague Placè
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Page 1

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Trustees. report
For the year ended 31 August 2024
The Trustees present their annual report together with the audited financial statements of the Company for the 1
September 2023 to 31 August 2024. The Annual report serves the purposes of both a Trustees. report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Home Farm Children's nursery is located within the grounds of Homewood School & Sixth Form Centre. This
nursery offers full day and sessional care to children aged 6 months to 5 years.
st. Michael's pre-school operates within the grounds of St. Michael's Church of England Primary school and
offers sessional care to children aged 2 to 5 (term time only).
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relaling lo public benefit, including the guidance 'Public benefit: running a
charity IPB2)'.
During 2023124 year, the following objectives were achieved:
Improved strategic governance that exemplified ethical standards in line with the Nolan Principles.
Further improvements to the curriculum and environment at Home Farm nursery and a successful Ofsted
inspection at St Michaels with overall effectiveness graded as 'Good' in all respects.
A successful bid for funding and finalisation of plans to replace the temporary building used by the pre-
school at st Michaels.
This resulted in increased pupil numbers on roll at Home Farm nursery for 2024125 including 68 (October
2024} to 73 (March 2025).
Achievements and performance
a. Main achlevements
st. Michael's pre-school had an Otsted visit in January 2024 and was awarded GOOD status. The unit is well
managed and there is a strong and experienced team. It has a lovely ambiance and the children are clearly
happy there.
Both settings now enjoy a GOOD Ofsted rating
The Iwo sites share ideas and best practice which is a real positive. The Managers communicate well and this
works well for the trust overall.
Tenterden Schools Trust was successful in winning a DfE Condition Improvement Fund bid for St. Michael's,
securing £650k investment for a new pre-school building, set to open on the existing site in September 2025.
The new building will provide a clean, secure space for the pre-school and improved access for children and
parents. This will enhance the environment for children attending the pre-school and encourage parents in the
local community to send their children to the pre-school with a view to those children moving up to Reception in
the primary school at age 5.
Page 2

Home Fann Children's Nursery Limited
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 August 2024
Achievemènts and performance (continued)
b. Accommodation
The St. Michael's pre-school is based in a refurbished mobile unit (soon to be repla￿d with £650k investment
through a CIF bid) which was Considerab￿ improved in summer 2022. Improvements have also been made at
Home Farm where there have been changes in the set-up of various rooms and work undertaken in the outside
area.
c. Staffing
There are currently 15 members of staff on roll at Home Farm and 9 at St. Michael's. Numbers of staff have
fallen from last year at Home Farm and they are not planning to recruit to cover.
Once again, we closed the Home Farm nursery this year for one week over the summer. The St Michael's
setting is term time only.
d. Factors relevant to achieve objectives
Numbers of children continued to increase post year end to 73 children on roll at Home Fam (March 2025) while
numbers remain static at St Michael's with 37 registered (March 2025). Both units are virtually full in all areas
with waiting lists and this is a result of less provision in the area. Many of our new placements have been through
recommendations from other families. although some have found us via our websites which we continue to
update on a regular basis.
Our parentslcarers continue to use the 30-hour Government Funding. but many also top this up with additional
hoursldays. There are changes in the extension of the 30-hour funding over the next two years which will be very
exciting for nursery settings.
e. Fundraising actlvlties and income generation
All fundraising activities are undertaken by nurseries and individual schools as well as centrally by the parent
company Tenterden Schools Trust
Financial review
a. Review of performance
The accounts for the year to 31 August 2024 show a much smaller in year deficit position of £11,211 12023:
£38,397). Improved financial practices and fee increases have reduced the size of the deficit this year.
The majority of the funding comes from govemment-funded nursery pla￿S providing parents with 15 hours of
free childcare per week for children aged 9 months to 4 years and 30 hours per week for children aged 3 to 4 in
eligible working families. For privately funded top up hours fee increases were put in pla￿ and all parents have
been charged for consumables in line with govemment guidan￿.
Fundraising in the form of grants and community actwities are planned for the coming year to pay for
improvements to the outside areas of the nursery schools.
Page 3

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Trustees, report (continued)
For the year ended 31 August 2024
b. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the
operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
With the appointment of a director of Tenterden Schools Trust as a director on the Home Farm Childrens
Nursery board, the holding company has increased oversight of the financial position and management of the
nursery schools. Going forward, management reports and cash flow forecasts will be scrutinised by the Finan
and Resources committee of Tenterden Schools Trust at their regular meetings.
c. Going Concern
The trustees are determined to return the business to in-year surplus positions and to repay any debt to the
holding company.
The trustees have increased fees for 2024-25 and 2025-26 to bring the settings in line wilh other local providers
and costs savings will be planned and managed. Both nurseries have a good local reputation, and strong
governance is provided by the relationship with Tenterden Schools Trust.
With both settings oversubscribed and a lack of pre-school provision in the area the Trustees have a reasonable
expectation that the trust has adequate resources to continue in operational existence for the foreseeable future.
d. Reserves policy
The trust does not have a reserves policy in place but with the increases in fees mentioned above there is an
expectalion that the deficit will be reduced. The trust will set aside income for reserves at the point where a
surplus is realised.
The parent company Tenterden Schools Trust has a reserves policy and is building reserves to 5% of the
General Annual Grant (GAG) income over the next 4 years
Structure. governance and management
Constltutlon
Home Farm Childrens Nursery Limited is a company limited by guarantee and an exempt charity. Th8
Memorandum and Articles of Association are its primary governing documents. The trustees of Home Farm
Childrens Nursery Limited are also directors for the purposes of company law. It is a wholly owned subsidiary of
Tenterden Schools Trust (Company Registration No. 07736448) which is the sole Member of the company.
Details of the trustees who served throughout the year except as noted are included in the Reference and
Administrative details on page one.
Page 4

Horne Farm Children's Nursery Limited
{A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 August 2024
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
Directors who are willing to be appointed may be elected at an Annual General Meeting provided they are
proposed by the Member (Tenterden Schools Trust) giving the requisite notice. At every Annual General Meeting
one-third of the directors must retire from office but shall be eligible for re*lection.
The number of directors is not subject to a rnaximum but shall be not less than one. The directors have resolved
that at least one director shall be a representative of Tenterden Schools Trust. and that additional directors shall
include the person for the time being who has the responsibility for overseeing the managemenl of the nursery
schools within the trust., one or moré parents of children attending the nurseries. and individuals who support the
work of the trust with a background or interest in early years education or the community.
New Trustees are recruited via notices to parents and through community engagement.
New Trustees have an induction process that includes a discussion with a member of the Board and the director
who represents Tenterden Schools Trust on the board and a tour of the nursery schools. The induction
programme and resources are made available to new trustees on the Governor Hub portal.
Training needs are identified at the induction stage and through an annual skills audit.
There are close links with Tenterden Schools Trust and the primary schools within the Trust. Many of the
children attending the nurseries move into Year R in the Trust primary schools.
c. Organisational structure and decision-making policies
The trustees are:
Mr. M Seymour- Chair resigned 23 August 2024
Miss P Dodd - Vice Chair resigned 23 August 2024
Mrs. K Douglas - Secretary resigned 23 August 2024
Mr. l Brooks
Mrs. D Bailey
Mrs. S Williamson - Resigned 31 December 2024
New appointments
Ms F Coombe- appointed 8 October 2024
Dr K Smith - Chair appointed 8 October 2024
Mrs Berna Turner- Secretary appointed 8 October 2024
Regular meetings took pla￿ throughout 2023-24.
d. Pay policy for key management personnel
The key management personnel of the charity are that of the parent Tenterden Schools Trust. The CEO was
responsible for the overall management of the nursery schools and worked with the team for improvements. The
CFO was responsible for the finances and the budget and the overall operations were driven by the decisions
made by the Trust.
Page 5

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 August 2024
Plans for future perlods
Short Term Plans
To replace the building at the St. Michael's pre-school..
To update some of our resources at both sites.
To improve the outside area at St. Michael's.
Medium Term Plans
Replace the current kitchen at Home Farm.
Long Term Plans
To further develop our links with the local primary schools in the Tenterden Schools Trust.
Increasethe amount of provision to meet future demand with bids for school-based nurseries at two of tha
primary schools within the Trust.
To consider expansion of the business by adding further sites to strengthen the o- 5 provision. One such
setting is Rolvenden pre-school which has applied to Ofsted to remove its seperale registration in order to
come within the Home Farm Childrens Nursery Limited Umbrella.
statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial ststements 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 . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of Ihe Company and of its incoming resources and application of resources, including its
income and expenditure. for that period. In preparing these financial statements, the Truste8s are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP {FRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularbties.
Disclosure of information to auditor
Each of the persons who are Trustees at the time when this Trustees. report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit infomation of which the charitys auditor is
unaware, and
that Trustee has laken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditor is aware of that information.
Page 6

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 August 2024
Auditor
The auditor. Kreston Reeves LLP, has indicated his willingness to continue in office. The designated Trustees
will propose a motion reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Dr K Smith
Chairperson
Page 7

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Independent auditor's report to the Members of Home Farm Children's Nursery Limited
Oplnlon
We have audited the financial statements of Home Farm Children's Nursery Limited (the 'charitable companl)
for the year ended 31 August 2024 which comprise the Statement of financial activilies. the Balance sheet, the
Statement of cash flows and the related notes, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable companrfs affairs as at 31 August 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requiremenls that are relevant to our audit of the financial statements in the United Kingdorn,
including the Financial Reporting Council'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 malerial 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 Imelve 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.
Page 8

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Independent auditor's report to the Members of Home Farm Children's Nursery Limited (continued)
other information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditorfs report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent othe￿ISe explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. 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 course of 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 infomiation. we are required to report that fact.
We have nothing to report in this regard.
Opinion 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 Trustees, report for the financial year for which the financial statements are
prepared is consistent wtth the financial statements.
the Trustees, report has been prepared in accordan￿ with applicable legal requirements.
Matter5 on which we are requlred to report by exception
In the light of our knowledge and understsnding of the charitable company and its environment obtained in the
course of the audit, we have not identtfied material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion.
adequate accounting records have not been kept, or ￿tUrnS 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 re￿IVed all the information and explanations we require for our audit,. or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and tske advantage of the small companies, exemptions in preparing the Trustees, report and
from the requirement to prepare a Strategic report.
Responsibilities of trustees
As explained more fully in the Trustees. responsibilities ststement. 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 concem 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 altemative but to do so.
Page 9

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Independent auditor's report to the Members of Home Farm Children's Nursery Limited (continued)
Auditor's responslbilities for the audlt of the financlal 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 an Auditor's report 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 wilh laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extenl to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the charity and the sector as a whole, and Ihrough discussion with the Trustees
and other management (as required by auditing standards). we identified that the principal risks of non-
compliance with laws and regulations related to health and safety and employment law. We considered the
extent lo which non-compliance might have a material effect on the financial statements. We also considered
those laws and regulations that have a direct impact on the preparation of the financial statements such as the
Charities SORP IFRS 102} Second Edition (released October 2019), the Companies Act 2006, taxation and
pension legislation. We communicated identified laws and regulations throughout our team and remained alert lo
any indications of non-compliance throughout the audit. We evaluated management's incentives and
opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls),
and determined that the principal risks were related to posting inappropriate journal entries and management
bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by
the engagement team included:
Discussions with management and assessment of known or suspected instances of non-compliance with
laws and regulations (including health and safety) and fraud., and
Assessment of identified fraud risk factors. and
Review of expenditure to confirm no evidence of personal benefit., and
Identifying and assessing the design effectiveness of controls that management has in place to prevent and
detect fraud., and
Performing analytical procedures to identify any unusual or unexpected relationships, including related party
transactions, that may indicate risks of material misstatement due to fraud. and
Confirmalion of related parties with management. and review of transactions throughout the p8riod to identify
any previously undisclosed transactions with related parties outside the normal course of business., and
Reading minutes of meetings of those charged with governance., and
Review of significant and unusual transactions and evaluation of the under5ying financial rationale supporting
the transactions. and
Identifying and testing journal entries. in particular any manual entries made at the year end for financial
statement preparation.
Because of the inherenl limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
Page 10

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Independent auditorfs report to the Members of Home Fann Children's Nursery Limited (continued)
As part of an audit in accordan￿ with ISAS (UK). we exercise professional judgment and maintain professional
scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit prO￿dureS responsive to those risks, and obtsin audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion. forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
of the charitable companYs internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees. use of the going concem basis of accounting and,
based on the audit evidence obtsined, whether a material uncertainty exists related to events or conditions
that may cast significant doubt on the charitsble companls ability to continue as a going concern. If we
conclude that a material uncertainty exists, we are required to draw attention in my Auditorfs report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of my Auditorfs report.
However, future events or conditions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures. and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with Ihose charged with governan￿ regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
id8ntify during our audit.
Use of our report
This report is made solely to the charitable CoMpan￿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
CoMpan￿S members those matters we are required to state to them in an Auditorfs 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 its members. as a body, for our audit work, for this report. or for the opinions we
have formed.
Kelly Goodwin BA{hons) ACA (Senior statutory auditor)
for and on behalf of
Kre5ton Reeves LLP
Chartered Accountants
Statutory Auditor
Chatham Maritime
Date:
Page11

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Statement of financial aGtivities (incorporating income and expenditure account)
For the year ended 31 August 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitable activities
Other trading activities
Investments
531,911
(3.103)
531,911
{3,103)
473,601
6,979
Total income
528,812
528,812
480,584
Expenditure on:
Charitable activities
540,023
540,023
518,981
Total expenditure
$40,023
540,023
518,981
Net movement in funds
{11,211)
111,2111
138,397)
Reconciliatlon of funds:
Total funds brought fO￿ard
Net movement in funds
(11,644)
(11,211)
(11,644)
(11,211)
26,753
(38,397)
Total funds carried forward
(22,855)
{22,855)
(11,6441
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 14 to 19 form part of these financial statements.
Page 12

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Registered number- 05925303
Balance sheet
As at 31 August 2024
2024
2023
Note
Fixed assets
Tangible assets
1,973
8,324
1,973
8,324
Current assets
Debtors
1,994
9.545
1.222
6,020
Cash at bank and in hand
11,539
7.242
Creditors: amounts falling due within one
year
10
(36,367)
(27,210)
Net current liabilities
(24,828)
(19,968)
Totsl net assets
(22,855)
(11,644)
Charity funds
Unrestricted funds
11
(22,855)
(11,644)
Total funds
(22,855)
111,644)
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.,
Dr K Smith
Chairperson
The notes on pages 14 to 19 form part of these financial ststements.
Page 13

Home Farm Children's Nursery Limited
{A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
General information
Home Farm Children's Nursery Ltd is a charilable private company limited by guarantee, incorporated in
England and Wales. The liability of each member in the event of a winding up is limited to £1. The
registered office is Home Farm Childrens Nursery Ltd, Homewood School & Sixth Form, Ashford Road,
tenterden, Kent, TN30 6LT.
The principal activity of the Charity is to provide nursery school services to its attendees.
Accounting pollcles
2.1 Basls of preparation of financlal statements
The financial statements 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 Ireland IFRS 102) (effective 1 January 2019). the Financial Reporting Slandard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Home Farm Children's Nursery Limited meets the definition of a public benefit entity under FRS 102.
Assets and Siabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
2.2 Golng concern
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or condilions that may cast significant doubt on the ability of
the Company to continue as a going concern. The Trustees make this assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the Company has adequate resources to continue in operational existence for
the foreseeable future and there are no material uncertainties about the Company's ability to continue
as a going concern, thus they continue lo adopt the going concern basis of accounting in preparing
the financial statements.
For more information see Trustee report page 4.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, il 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 classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on Ihe basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
Page 14

Home Farni Children's Nursery Limited
(A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 August 2024
Accounting policies (continued)
2.5 Taxation
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurrèd to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated usefvl lives. on a reducing balance basis.
Depreciation is provided on the following basis-
Long-tem leasehold property
Computer equipment
100/0 on reducing balance
25 /0 on reducing balance
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-tem 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.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
Page 15

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
Income from charitable activitios
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Nursery Fees
Lunches and Teas
522,468
9,443
522,468
464,092
9,509
531,911
531,911
473,601
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Deposit account interest
Auditor's remuneration
The auditor's remuneration amounts to an auditor fee of £4,200 (2023 - £3,750).
Page 16

Home Fann Children's Nursery Limited
(A company limited by guarantee)
Notes to the financial ststements
For the year ended 31 August 2024
staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
418,258
28,402
6.758
407,279
24,875
6,068
The average number of persons employed by the Company during the year was as follows:
2024
2023
No.
Nursery staff
25
26
The average headcount expressed as fijll-time equivalents was: 17.
No employee received remuneration amounting to more than £60,000 in either year.
The Key Management Personnel of the charity are that of Tenterden Schools Trust, the parent company.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL).
Tangible fixed assets
Long-term
leasehold
property
Computer
equipment
Total
Cost or valuation
At 1 September 2023
Disposals
11,769
7,883
(7,883)
19,652
(7,883)
At 31 August 2024
11,769
11,769
Depreciation
At 1 September 2023
Charge for the year
On disposals
8,476
1,320
2,852
5,031
(7,883)
11,328
6,351
(7,883)
At 31 August 2024
9,796
9,796
Page 17

Home Farm Children's Nursery Limited
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
Tanglble fixed assets (continued)
Long-term
leasehold
property
Computer
equipment
Total
Net book value
At 31 August 2024
1,973
1,973
At 31 August 2023
3,293
5.031
8,324
Debtors
2024
2023
Due within one yèar
Trade debtors
1,994
1,222
1,994
1,222
10, Credltors: Amounts falling due wlthin one year
2024
2023
Trade creditors
Amounts owed to group undertakings
Other creditors
Accruals and deferred income
4,243
17,929
9,695
4,500
3,563
10,115
8,612
4,920
36,367
27,210
Page 18

Home Farni Children's Nursery Limited
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
11. Statement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expenditure
Unrestricted funds
Nursery Fees
(11,644)
528,812
(540,023)
(22,855)
Statement of funds - prior year
Balan￿ at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Unrestricted funds
Nursery Fees
26,753
480,584
(518,981)
(11,644)
12. Related party transactions
Home Farm Children's Nursery Limited is a subsidiary of Tenterden Schools Trust which is a multi
academy trust.
During the year the Nursery invoiced the Trust £6,168 (2023: £5,877) ft)r the provision of discounted staff
nursery fees.
In addition the Trust charged the Nursery with rent and recharges of £64,883 (2023 - £38.797). Included
in this balance, fees for payroll maintenance of £1,367 (2023: £1,250). At the year end a balance of
£17,929 (2023: £3,630) was due from the Nursery to the Trust.
13. Controlling party
The ultimate controlling party of the charty is the Tenterden Schools Trust (company number: 7736448).
The results of this charity are not consolidated in the financial statements of the Tenterden Schools Trust
due to being immaterial to their financial statements.
Page 19