CHARITY REGISTERED NUMBER: 1094592 DALLOW COMMUNITY NURSERY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 HOLMES PEAT THORPE CHARTERED ACCOUNTANTS REGISTERED AUDITORS BASEPOINT BUSINESS & INNOVATION CENTRE 110 BurrERFIELD GREAT MARLINGS LUTON LU2 8DL
DALLOWCOMMUNITY NURSERY FOR THE YEAR ENDED 31 MARCH 20 CONTENTS Trustees Report Independent Examiner's Report J Balance Sheet Statement of Financial Activities Notes
DALLOW COMMUNITY NURSERY REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Name- The Nursery is also known as 'Fun to Learn Nursery'& pre- school The main focus of the work of the Nursery is to provide pre-school places for local children as well as offering a broad range of childcare and family support services. Trustees: The trustees who served during the financial year and to the dats the Report of the Trustees was signed were as follows Mrs Sajada Mahmood Mrs Tazeen Akhlar Mrs Kerri Hill Chairperson Treasurer Secretary and Ofsted Nominated Individual Trustees are appointed by the Board of Trustees in general meeting. All Officers and members shall retire from office at each AnnLFal General Meeting. Retiririg officers are eligible for re-election. Principal Offlce.. Dallow Primary School Slte Dallow Road Luton Bedford5hire LU11 LZ Independent Examiner.. Holmes Peat Thorpe Basepoint Business & lTrnovalion Centre 110 Butterfield Greal Marlings Luton LU2 8DL Bankers: Barclays Bank plc George Street Luton Beds Charity No.. 1094592
DALLOW COMMUNITY NURSERY REPORT OF THE TRUSTEES TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Prln¢lpal ObJe¢t$ and Actlvltles: The objects of the Charity, as stated in its corK8tituiion, are to enhance the development and education of Childn primarily under statutory school age by encouraging parenls to understand and provide for the needs of their children through community groups and by:_ a) Offering appropriate play, education and care facilities, family learning and hours groups, together with the right of parents to take responsibility for and to become ext8nded involved in the activities of such groups, ensuring that such groups offer opporlLtnities for all children whatever their race culture, religion, means or ability. b) Enwuraging the study of the needs of such children and Iheir families and promoting public interest in and recognition of such needs in the local areas. c) Instlgalion and adhering to and furthering the aims and objects of the pre-school learning alliance. Aims: From Ihls It is understood that a prime aim of the organisation is to enhance the development and education of children primarlly under statutory school age by encouraging parents to understand and provide for the need of their children through Gommunity groups. Strategies for achlevlng Prlnclpal Alms and Objectives These are according to four 'Core Activities. 1. We plan our curriculum 8round 'The Early Years Foundation Stage, profile (EYFS). 2. We monitor and evaluate our performance on a regular basis. 3. We support staff through Induction and Supervision prograrnmes. Staff undertake a training needs analysis to ensure they are getting the exact knowledge and training required. All staff are given training in Compulsory area of learning such as 'Safeguarding' in accordance with all the latest guidelines. 4. We encourage parental involvement in their child's education and the running of the nursery. We ask for parents to participate in special activities such as baking, OLrtings, sports. We actively encourage parents to become members of the committee. Parental Involv9ment In the committee is vital to the nursery s efficient operation. Objectives and Public Benefit In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission's general guidan on public benefit and in particular to its supplementary PLtblic benefit guidance on advancing education and fee-charging. 1. Advice and Information: To work in llaboratIon with Luton Council in providing parents with all the necessary information to embark upon trainingl fLtn leaminglslay and play sessions/visils to local areas of interest. 2. Support.. Children to excel in th8 nursery setting with all staff Irain8d to a minimum of level 3 in Childcare. 3. Learning: To ensure all staff continue training and support them through maintaining high standards of learning. To encourage staff to take further available training which is overall beneficial to the nursery setting. To regain 'oulstanding status with Ofsled. 4. ICT Equipment: Provide IPads for use by nursery childr8n under staff supervision. 5. Marketing and PR: To invest further in the nursery website. Update to a more advance child profile tracking system - Nursery Story. 6. Leadership and Management.. Consolidale roles of Board member. Policy Review., Str8legic; Review. Increase funding from other sources. Page 1
DALLOW COMMUNITY NURSERY REPORT OF THE TRUSTEES TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 Contribution of Volunteer: The Charity continues to be grateful for Ihe support of a small group of volunteers, who help with finance tasks and others who have made small contributions to reception and admin work during the year. ACHIEVEMENTS AND PERFORMANCE Performance against objectives for the year: Main Achievements for the year Utilised funds to renovate nursery playground tp replace play equipment and resurface the ground. Relevant Factors Olher factors, both within and outside our control, are as shown in the analysis below- strengths . G¢)od otsted rating Strong staff team whose efforts are recognised further wilh the introduction of a new senior practilioner role. . Good Excellent indoorloutdoor facililies Addillonal large ouldoor play area Areas for Development To conlinue to attract new parents in joining the ¢ommittee every year. Building repairs and maintenance constant on ageing premises. To work with children in attaining higher levels In Maths and Literacy whlch are currently low. Opportunities Challenges New housing development to bring more farniliesl ° Several childcare providers In Ihè area. children into the area. The setting is situated in a deprived area where majority of We plan in future to rebuild th8 selting with brick and parents are unable to afford childcare fees. extend the size to creale more spaces for children. This Increase in national living wage means stsff pay sGales will need would be subject to planning permission. to be arnersded lo accommodate Ihis. FINANCIAL REVIEW Overview for the year: The charity has continued building the nursery provision, which together wlth its grant funding has enabled Ihe charity to further stabillse Its resources. The trustees will continue lo secure a strong financial base to enable the nursery to achieve tts objecllves. Reserves Poli¢y: We are endeavouring to build up a reserve to enable us to pay six months expenses should no income be available. We will also endeavour to set aside money for the future rebuild of the nursery subject to planning permission. Principal Funding Sources: Grant funding from Nursery Educalion fund has been used in funding salaries and wages and providing rèsources in connection Ihe principal objective of the charity. Page 2
DALLOW COMMUNITY NURSERY REPORT OF THE TRUSTEES TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR THE FUTURE YEARS The charity has been in operation for over 20 years and has built a good community nursery provision. This has been possible due lo nursery eduGation grants received. In addition nursery fees have been rec8ived from the parents of children using the facilities. Owing to the success of this provision the charity looks lo consolidate this position before looking lo add to this activity. The nursery trustees will continue lo ensure suslainabilily. and prudent spending will be 50ughl to overcome fvnding cutbaGks. The nursery will look al ways of the best possible service and faGilities for th8 children attending, their families, and the local Dallow Community. STRUCTURE, GOVERNANCE AND MANAGEMENT Conslltutlon: Dallow Community Nursery is a registered charity. 11 is governed by the Pre-school Learning Alliance Constilution it adopted on 6 November 2012. In setting our objedives and planning our activities our Governors have given careful consideration to the Charity Cornmission's general guidance on public benefit and in parti¢ular to its supplementary public benefrt guidan on advancing education and fee-charging. Organisational Structure.. The Charity is wholly based in Luton, B8dfordshiie. The Trustees meet once al lemi lo determlne the policy and strategy of the Charity. Should It be necessary, the trustees will hold further meetings as and when required. Th8 day-to-day management of the Charity is delegated to the Nursery Managers Kerri Hill and Natasha Whitty. Declslon Maklng: The Truslees of the company who seryed during the year are listed with the legal and administrakn've details. Policy and Slrategy are decided by the trustees following con5ultalion with stsff. Decisions regarding daily delivery of services In line wilh Board decisions are delegated to the Nursery Manager and Sensor staff. Truslee5 expect staff to keep them informed of potentlal opportunities and challenges which may lead to new development5. The Constitution 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 charity and of the surplus or deficit of the charity for that year. In preparing these Ilnancial statements. the Irustees are required to - select suitable accounting policies and Ihen apply them consistently make judgements and estimates that are reasonable and prudent stale whether the policies adopted are in accordance with the Charities SORP. and that applicable accounting slandards have been followed, subject to any material departures, disclosed and explained in the financi81 statements- and prepare the financial statements on the going concem ba515 unless il is inappropriate to presume Ihat the charity will continue trading. The Irustees are responsible for keeping proper accounting records which discjose with reasonable accuracy at any time the financial posilion of the Gharily and to enable them lo ensure that Ihe finanGial statements comply with the relevant law. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. Page 3
DALLOW COMMUNifi NURSERY REPORT OFTHETRUSTEES TO THE MEMBE FOR THE YEAR ENDED 31 MARCH 2024 Trustee Recrultment & Trainlng: Suitable nominees, according to the regulations Cover by the constitution, are introduced to Ihe work of the charity and meet with the Nursery Manager, staff and a Board Member prior to submission for consideration by the Board. The Charity aims, as far as possible. to include a wide range of skills and represenlation from the local community which it serves. Where possible, new Board Members take part in th8 daily work of the charity in order to understand the range undertaken and the nature of the client-group served. All receiv8 Charity Commission guidelines on their legal role and copies of the charity's policies. All trustees and staff take part in a joint Iraining and strategy day annually. Wlder Relatlons: The charity is nol part of any other wider neork or any relatlonships wilh other charSty or organisation. Rlsk Review: The Trustees have assessed the major risks to which the company is exposed, in particular those ielated to the operations and finances of the Charity, and are satisfied that systems are in plats to mitigate our exposure to the major risks. Thes8 procedures are periodically reviewed. Reference and Admlnlstratlon Informatlon is shown as a separate page at the front of these accounts. Approved by the Trustees and signed on l ?.: ..Q.l...QQaS.. on their bohalf by TN51ee Page 4
INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF DALLOW COMMUNITY NURSERY FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of the Nursery for the year ended 31 March 2024 on pages 610 13. Respective responsibilities of the Trustees and Examiners The members, are responsibilities for the preparation ofthe accounts. The members consider that an audit is nol required for this year under s8Ction 144{2) of the Charities Act 2011 {Ihe 2011 Act> and that an independent examination is needed. The charity's gross inGome exceeded £250,000 and l am qualrfied to undertake the examination by being a qualified member of the Institute of Chartered Accountants England and Wales. It Is our SpOnSibl11tY to Examine the ac¢ounts under sedion 145 of the 2011 Act,. follow the procedures laid down in the General Directions given by the Charity Commissioners under section 14515){bl of the 2011 Act., and slate whether particular matters have come to our attention. Basis of examiner's statemant My examinallon was carried out In accordance with the General Directions given by the Charlty Commission. An examination includes a revlew of the acGountlng racords kept by Ihe charity and a cornparison of the accounts presented wlth those records. It also includes consideration of any unusual items or disclosures In the accounts and seeklng explanations from you as Trustees conGerning any such matters. The pro¢edvr8s undertaken do not provid8 all th8 evidence that would be required in an audlt, and consequently no oplnlon is given as to whether the accounts present a 'lrue and fair view, and the report Is Ilmlted to those matters set out in the statement b810w. Independent Examlner's Statement In mnnectlon wlth our examlnatlon, no matter has come to our attention (1) which gives me r8asonable cause to b81ieve that, in any material respect. the requirements to keep accounting records in accordance with section 130 of the 2011 Act lo prepare accounts which accord with the accounting records and to comply with the a¢¢ounting requirements of the 2011 Act have not been met,, or (2) to which, in my opinion, attention should be drawn In order to enable e proper understanding of the accounts to be reached. Javaria Sarmad F.C. Holmes Peat Thorpe hartered Accountants Basepoint Business Centre 110 Butterfield Great Marlings LUTON Beds LU2 8DL Dated.. 17.04 2o%f Page 5
DALLOW COMMUNrrY NURSERY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets Current Assets Cash at Bank and in Hand 353,128 353,128 332,481 332,481 Creditors Amounts falling due within one year 72,004 62,882 Net Currnnt Assets 281,124 269,599 Total assets less Current liabilities 281.124 269.599 Net assets 281,124 269,599 Ca ital funds Restricted funds Unreslricted Funds D8signated FLtnds General Reserves 140,000 141,124 140,000 129.599 281,124 269,599 Total funds 281.124 269,599 Approved by the trustees on l 7, ..0.j.....ac and signed on its behalf by- Trustee The annexed notes form part of these financial statements. Page 6
DALLOW COMMUNifi NURSERY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Note Restricted Unrestricted Total Totsl Fund Fund Fund 2024 Fund Incomln Resources Incomln Resources from Generated Funds Voluntary Income Grant Incom8 324.511 324,511 302.428 Investment Income 1.520 1,520 Incomin Resources from Charitable Activities Nursery Fees 7.158 7,158 11,042 Other Incomin Milk Refund Apprentice Payment Lunch School trip Sundry Income Resources 858 2,000 1,257 885 1,752 858 2,000 1,257 885 1.752 501 Total Incomin R050urces 324,511 15,431 339,941 313,971 Resources Ex ended Charitsble Activities 324,511 3.905 328.416 296,175 Total Resources Expended 324,511 3.905 328.416 296,175 Net movemenl In funds 11,525 11,525 17,796 Total funds brought forward 269.599 269,599 251,803 Total funds carried forward 281,124 281,124 269,599 Detsils of resources used are given in the notes to the financial slatements. Page 7
DALLOW COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statements are as follows: Basis of Accounting - The financial statements have been prepared in accordance with the Accountlng and Reporting by Charities Statement of Recommended Practi applicable to charrties preparing their accounts in accordance with the Financial Reporting Standards applicable in the United Kingdorn and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)). effective 1 January 2015.. Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102): and the Charities Act 2011. Separate Funds - Incoming and outgoing resources are split between restrirted funds and other unrestricled funds. Closing funds are calegorised in the Same way. Restricted Funds - These are funds subjecl to specifi¢ trusts which May have been declared by the funders or with Iheir authority (e.g. in a public appeal), but still within th6 objects of Fun to Leam Nursery. They may be restricted Income funds. which are expendable at the discretion of the trustees in furtheran¢e of a particular project or objective of Fun to Learn Nursery. The restricted funds of the charily are detailed in nole 14. Unrestrlcted Funds - These are expendable at the discretion of the trustees in the furtherance of the objects of Fun lo LeaTn Nursery. Grants Receivable- Grants receiwable are rècognised in the Statement of Financial Activities when the Conditions for receipt have been complied with. Grants receivable in respecl of certain activities are paid in relation to a given period such as a year and in these ¢ir¢umstances the grants are deferred to the exlent Ihat they relate to future accounting periods. Grants received for specific project5 are accounted for as restricted funds. Those grants that have conditions attached, and for example are provided to deliver a service and therefore are similar In economiG tenns to trading income, arè included within Incoming resources from charitsble a¢tivits'es. Incoming Resources from Charitable Activities Income from charitable activities is inGludgd in the year in which the charity is entitled to receipt and the amount can be measured with reasonable certalnty. Investment Income - Bank and building society interest is included when receivable by the charity. Page 8
DALLOW COMMUNIPf NURSERY NOTES TO THE FINANCIAL STATEMENTS Contlnuod FOR THE YEAR ENDED 31 MARCH 2024 Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT that cannot be recovered, and it is reported as part of the expenditure to which il relates. Expenditure that is directly attributable to specific activities has been inGluded in those cosl categories. Other costs, which are attributable to morg than one activity, are apportioned across cost categories based on an estimate of proportion of staff time Spent on those activities. Charitable Activities These are the direct and indirect costs of Fun to Learn Nursery's work to meet Its charitable objectives. They include the costs of core seNi¢es. The Independent examiners, remuneration of £3,410 (2022:£3,410}. Tanglble Flxed Assets - Tangible flxed assets are included at orlginal cost less accumulated depreciation. Deprecialion on Fixed Assets is calculated so as to wri18 off their $t ov&r their expected useful lives, which is assumed lo be three years Istraight Ilne) for IT Equlpment, and for Furnitule and Fittings. Only exp&nditure on fixed 8ssels exceeding £100 per item is capitslised, wilh the exception of the bulk purchase of assets. Cash al Bank and in Hand - includ8s cash and short term highly liquid investments with a short rnaturity of three months or less from the date of acquisition or opening of the deposit account or similar account. Credllors and provlslons are recognised where the charity has a present obligation resulting from a pasl event thal will result in the transfer of funds to a third party and the amount due to setue the obligation can be measured or estimated reliably. Craditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Pension Costs - The charity has a group personal pension plan. Contributions are charged to Ihe Statement of financial activities as they become payabl8. Legal Status - The charlty Is a Nursery and Children's Centre which is unincorporated and governed by Its constitutlon. Page 9
DALLOWCOMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 Staff costs The aggregate payroll costs were as follows 24 2023 Wages and salaries 240,997 230 197 The average number of full-time staff amounted lo 9 {31 March 2023: 9) No ernployees had emoluments in excess of £60.000. 3. Grant Income Re5trirted Unr¢strlcted Total Total Fund Fund Fund 2024 Fund 2023 Nursery Education Grant 278,641 278,641 258,210 Early years funding 45,870 45.870 32,344 other small grants 15.431 15.431 23,417 324,511 15,431 339.941 313,971 Page 10
DALLOW COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS Conllnued FOR THE YEAR ENDED 31 MARCH 2024 Charitable A¢tivitles Restricted Unrestricted Total Total Fund Fund Fund 2024 Fund 2023 Wages 208,047 208,047 213,313 Employers NIC 23,800 23,800 13,422 Staff Pensions 9,149 9,149 3.462 Canteen Expenses 1,455 1,455 2,100 Milk 532 532 1.068 Training Costs 469 469 574 Education Resources 9,247 9,247 6,914 Payroll Service 1,924 1.924 2,080 Lighl and heat 499 24 523 673 Insurance 3,508 167 3,675 3.224 Repalrs lo Premlse5 53,252 3.114 56,366 7,325 Subscriptions 1,806 86 1,892 1,116 Telephone 1,707 81 1,788 1,413 Postage and Stationery 2,082 99 2,181 4,391 Slorage 461 Cleaning 2,093 100 2,193 2,428 Accouniancy and Audit 3,232 154 3.386 3.500 Outgoing Gifts 1,075 51 1,126 3,326 Sundry Expen5e5 517 25 542 25.385 Bank Charges 115 121 324.511 3,905 328,416 296.175 Page 11
DALLOW COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 Tan iblg fixed assets Corn ui Cost: As at l April 2023 Addilions 7,981 36.339 44,320 As al 31 March 2024 7,981 36.339 44,320 De reciation As at l April 2023 Charge for the period 7.981 36,339 44.320 As at 31 March 2024 7,981 36,339 44,320 Net Book Value As at 31 March 2024 As al 31 March 2023 Creditgrs Amounts falling due within one year 24 2023 Deferred Income Tax and Soclal Security Accruals Pensions 65,913 2,610 2,700 781 57,642 2,035 2,520 685 72,004 62,882 Page 12
DALLOW COMMUNlfl NURSERY NOTES TO THE FINANCIAL STATEMENTS Continued FOR THE YEAR ENDED 31 MARCH 2024 Anal is of Net Assets between Funds Restrlcted Unrestrlcted Total Total Fund Fund Fund 2024 Fund 2023 Tangible Fixed Assets Current Assets 65,913 287,215 353,128 332,481 Current Liabilities 165,913) 16,091} (72,004) 162,882) 281,124 281,124 269.S99 Dèsl nated funds 3 months costs 95,000 Asset replacement Computers Equipment 5,000 30,000 Repair5 and Maintenance Lease renewal 5,000 5,000 140,000 9. Re5trlcted Funds Balance BIF Income In year Expenditure Balance in year CIF Nursery Education Grant 286,913 286,913 Early Years Funding 45,870 45,870 332,782 332 782 Grants received were for the provisions of Nursery Education. These monies were used directly on that provision. Trustees Remuneratlon and Ex nses No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any iruste& or lo any person or persons known to bè connected with them. No reimbursemenl of expense5 has been made or is due lo be made to any of the trustees in respect of Iha year. Page 13