Charlty reglstration number 1096593 (England and Wales) Compary registration number 04655025 BOLTON NURSERY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
BOLTON NURSERY LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees K Macfarlane H SomeIlle DTinkler K Allison K Bennett A Roberts R Faustlno C Morphet S Parklngton IAppolnted 30 Aprll 20241 (Appolnted 30 April 20241 (Appointed 30 April 20241 Secretary D Tlnkler Charlty number (England and Wale51 1096593 Company number 04655025 Prlnclpal address Colby Lane Bolton Appleby In Westmorland Cumbria CA16 6AW Re815tered office Colby Lane 8olton Appleby In Westmorland Cumbria CA16 6AW Independent examiner Davld Andrew Llddle 8AIHonsl, FCA 4 Mason Court GSllan Way Penrith 40 Busine55 Park Penrlth Cumbria CAII 9GR
BOLTON NURSERY LTD CONTENTS Page Trustees, report Independent examiner's report Statement of fSnancial actlvitles Statement of flnancial position Notes to the finantlal statements 9.17
BOLTON NURSERY LTD TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2024 The trustees, who are a150 the directors for the purposes of company law. present their annual report and flnancial statements for the year ended 31 July 2024. The flnanclal ststement5 have been prepared in accordance wlth the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accountlng and Reportln8 by Charltles.- Statement of Recommended Practice applicable to charities preparlng their accounts In actordance wlth the Financi31 Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffectlve l January 20191. Objectlves and artivttles The Charity's objects I'the Objects") a to enhance the development and educatlon of children prlmarlly under statutory school age by encouraging parents to understand and provide for the needs of thelr ch51dren through community groups and by.. Offerlng approprlate ch11dcare facllltles and training courses, together with the rlghts of parent5 to take respon51bllity for and to become involved in the activStie5 of such groups, en5urlng that such 8roup5 offer opportunities for all children regardle55 of race, culture, religion or means. Encouraging the study of the needs of such children and their familles and promoting publlc interest in and recognition of such needs in the local area. Publlc beneflt All our charltable actlvltle5 focu5 on the provlsion of approprlate childcare for chlldren from 3 months to 11 years old and are all undertaken havlng referd the Charlty CommS$5Son'$ general guldance on public benefit. Review of actSvltles 8olton Nursery wa5 re.establlshed at Bolton Memorial Hall in 1994 by a group of parents who reallsed that thelr children deserved a good pre-school foundation In the form of a Mothers and Toddlers Group. By 1998 Bolton Nursery was thrivlng and the Committee extended servlces to offer three Nursery Grant sessions per week. Attendance was open to all chlldren regardless of geographlcal location. Research conducted by the Nursery In 2002 showed a demand existed In the area for flve Nursery Grant sessions per week as well as wrap-around care, full day care for younger chlldren, before and after school care for prlmary aged chlldren and holiday care. As such, the Nursery Commlttee decSded to obtaln funding for a purpose-bullt nursery. The Charity now has a purpose-built 35-place Ofsted registered, full day care nursery building and play area slted on Bolton Primary School Ground5, The Charity stfives to ensure that the standard of care provided is at a consistently high level. We continue to focus on marketing our service5. recruiting new member5 and chlldren, and continue to traln and develop our staff. We continue to hold regular fundra15ing events such as a coffee morning and car wash. The chIldn continue to enjoy a variety of experiences durlng their time with us as they start their journey through education.
BOLTON NURSERY LTD USTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Achlevements and p Significant 17Ctivities 0 rman¢e d achievements agoin5t objective5 Review ol the year In September 2023 we started the year by welcoming Anya back from her maternlty leave. We also had an inspection from the Cumbria Fire SeNice. Steph and Anne continued with thelr Level 3 tralning and are now fully qualified members of the Team. In October we restarted our vi51ts to the church for our JAM Ilesus and Mel sessions with our pre-school. We also started our transltlon to Bolton Primary School for our Cohort of 2024. Anne and Phoebe started their Effective Communicatlon course. On the lost day of October we completed our Little Waddle sponsored walk to ralse funds for the nursery. Durlng November Daniel from Asplre started to volunteer wlth us one day per week. We then had our Annual 5ettlng revSew wlth Heather DakSn the new early years advisor. November also brought our flrst aid refresher training and our Bags to School collectlon fundraiser. At the end of November Kaya and Becca visited Grayri88 PrSmary School which was a very Inspirational setting. In December we had our annual Christmas play which the children performed brilllantly in. We a150 had Christmas dinner and a Chr15tmas activity morning for our Babies and 2 year olds. This December we also took our pre-school to loin 8olton Primary School on their Rhè8ed Chrlstmas trip to watch the C8eebies Chrlstmas panto. January was a qulet month, Kaya had her managers network and deslgnated safeguarding lead meetings. In February Becca and Sarah completed their Diabetes tralning to help care for an after-school club child with Type I dlabetes. Anne also completed Autism Awareness tralnln8. In March Kaya and Becca had a webinar with Happy Minds. We were very Impressed with the program but not the price unfortunately. We have since Implemented workin8 on areas of self regulation with the children instead, which is working really well. We also held our AGM in March and brought our plans for a new building to the meeting. At the end of March we had our Éaster Fun Day which despite the weather had a fantastlc turn out, thank you to all those who SUPFKJrted us. In Aprll Caroline a long Standing staff member left the team. whlch paved the way for Sam to loln us who continues to be an integral p3rt of team now. At the beginnlng of May Kaya and Kate took our new buildSng plans to Bolton Primary School. During May and June we also had o nother successful year taking our Pre-school children to Swlmming Lessons. lune we welcomed Becky to the TEAM as bank staff. Who has now gone on to be an apprentlce in Early years at a setting close to her home. We wish her well. We also had our two year old trlp to The Lake Dlstrict Wlldlife Park, whlch was very successful and all had a brlllSant day. July was a busy month. Startlng off wlth our p-sChool sports day whlch was another great event. We then had move up day for our cohort of 2024 where they went to be receptions for the day on the same day we had our Baby room trip to the Lakeland Maze Farm Park where again we all had a wonderful day. In the middle of July we had our Leavers Trip to Dalscone fam) park which was thoroughly enjoyed by all of our cohort of 2024. On July 13th we had our 20th anniversary partyl fundralser which was a great day with entertainment, food and bouncy castles. We finlshed off the year wSth our mini graduation ceremony which is a lovely get together for children, parents and staff and a celebratlon of al the chIldn had achieved during their time at Nursery. We are very much looking fornard to an exciting 2024- 2025: This coming will continue to be a year focused on investing in our building and ensuring we are fit for purpose for the future. We are committed to remaining financially stable even given the pressures of increasing costs. If you have any questions. or would Ilke more information on the above please do not hesitate to contact me, or request vi3 Famly to see a copy of the independently examined financial statements which a held in the office at all times.
BOLTON NURSERY LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Financial review The debtors list MaInS low and the trustees have no new concerns regardlng any outstanding debts. In terms of fundraising, the nursery continues to be involved In lots of local events. The nursery continues to raSse funds alongside the aolton Friends Soclety to split the costs and proceeds of events. This year the nursery hosted another Eater fun day and this continues to be a popular event with local familles. In the Summer the nursery hosted a twentieth anniversary fun day which also helped to raise funds although the event was seen more as a celebration that a prtsper fund raiser. The raffles whereby people donate prizes continue to be a good source of fundraisin8 income. There have been expense5 relatlng to the new build. These expenses wlll become more frequent as nursery contlnues to push towards the end goal of a new bullding. The funds held by the charlty have increased so a declsion was made to transfer some of thls money into a charlty savSngs account. The nursery continue5 to be over-subscribed and the management, commlttee and staff work hard whlch allows for the contlnued success of the nursery. The level of unrestricted funds at the end of the year stood at a healthy £166,70412023: £139,079) and restricted funds £41,35712023.' £48,494). Reserves policy The Trustees formally monltor progress against the nursery's strategic objectives quarterly, however potential a nd real risk5 are anticipated, monltored and acted upon a5 requlred. Future occupancy demand for the nursery is dependent on population cycles and competltlon from prlvate nur5erles. The nursery continues to be a popular choice for local resldents and most age groups are almost lull to capacity, The Trustees target Ss a level of free reserves equal to three months trading Income, currently equivalent to £50,000. Free serves are above the target level. We Increased thi5 from £30,0 durlng the last fSnancial year due to increased wages cost5. The Tru5tee5 will contlnue to c105ely monitor thSs. £50,000 Is held in a separate account. As wages and the cost of Ilvlng increases th55 amount may need to be increased. Investment policy Under the memorandum and articles of association, the charlty has the power to make any investment that the Trustees see 5tru¢ture• governance and mana8ement Constltut5on The charity is a company Ilmited by guarantee and Is governed by it5 Memorandum of Assoclatlon and Artlcles. The members of the company are the Trustee5 as named above. In the event of the company being wound up, the Ilability in respect of the guarantee is limited to £1 per member of the company. If upon wlndinE up or dis501ution of the charity there remain any assets, after the satisfaction of all debts and liabilitles, the assets shall be transferred to some other charitable body or bodles havlng similar objects to the charlty.
BOLTON NURSERY LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 The trustees, who are also the directors for the purpose of company law, and who served durlng the year and up to the date of signature of the financial statements were.. K Macfarlane H Somerville DTlnkler KAlli50n V Sowerby K Bennett A Roberts R Faustlno C Morphet 5 Parkington (Resigned 11 March 20241 IAppoSnted 30 Aprll 20241 (Appointed 30 April 20241 IAppointed 30 April 20241 Recruitment and t7ppolntment of trustees The management of the company Is the re5pon5ibility of the Trustees who are elected and co-opted under the Articles of Associatlon. As set out in the Artlcles of A550clation the Trustees are elected for a three year term by the Nursery's members Imembers beSng anyone that uses the seNlces the nursery offers) wlth no more than one-third of them retlrlng at any 8lven AGM. The idea is that the longest servln8 Trustee Is the first to retlre. Organisotionol structure A board of Trustees, currently consistln8 of seven members Imlnlmum three members, no maximum number) administer the charity, A Manager, Senlor Practitioner, a Foundation Stage Practitioner, Nursery As515tants and an Office Manager are employed for the day-to-day operations of the charlty. The Trustees work closely wlth the nursery management to ensure the charity runs effectively and efficlently. Staff appraisals are done annually supported by regular development discusslons. Staff meet twice yearly with Trustees and management meet bi-monthly. Questionnaires are sent to all parents asking for thelr views on the service provided and suggestions for it5 improvement. Inductlon and trolnlng of trustees New Trustees are shown a copy of the Charitv's Articles of Association and advlsed on the poli¢yi procedure and responsibillties of the Charity under the Charitles Act. Other mi7tters Pt7y policylor senior stoff The Trustees consider that the Board and the Senior Management Team comprise the key management personnel of the Charity in charge of directing and controllingi runnlng and operatlng the Charity on a day to day basis. All Trustees give of thelr time f reely ènd no Trustee recelved remuneration or reimbursement of expenses during the year. The pay of the senior staff 15 reviewed annually and are subject to affordability, job evaluatlon and necessary market adjustment. Rlsk management The Trustee5 have assessed the major risks to which the company is exposed, in particular those related to operations and finances of the company, and are satisfied that Systems and procedures are in place to mitigate our exposure to the major risks.
BOLTON NURSERY LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 The trustees, report was approved by the Board of Trustees. H Somerville Treasurer Date.,
BOLTON NURSERY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOLTON NURSERY LTD I report to the trustees on ry examination of the financ5al statements of Bolton Nursery Ltd (the charity) for the year ended 31 July 2024. Responsibllltles and basi5 of report As the trustees of the charlty land also its director5 for the purposes of company lawl, you are responsible for the preparation of the financial Statements in accordance with the requlrements of the Companies Act 2006. Having satSsfied myself that the flnancial statements of the charlty are not requlred to be audited under Part 16 of the Companies Act 2006 and are ellglble for independent examinatSon, I report in respect of my examination of the charity's financial statements carried out under se¢tlon 145 of the Charitles Act 2011. In carrying out my examination I have followed the Dlrections glven by the Charity Commisslon under section 14515llbl of the Charities Act 2011. Independent examlner's statement Slnce the charlty's gross income exceeded £250,000, the Independent examlner must be a member of a body11sted In section 145 of the Charltles Act 2011. 1 confirm that l am qualified to undertake the examlnation because l am a member of the Institute of Chartered Accountants In Éngland and Wales. whlch Is one of the listed bodie5. I have completed my examinatlon. I confirm that no matters have come to my ottention in connectlon with the examination glvlng me cause to belleve that In any rraterial fftspect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the flnanclal statements do not accord wlth those records,. or the financlal statements do not comply wlth the accounting requlrements of sectlon 396 of the Companles Act 2006 other than any requlrement that the flnanclal statements 8Sve a true and fair vlew, whlch is not a matter consldered as part of an independent examination; or the financial statement5 have not been prepared In accordance wlth the method5 and principles of the Ststement of Recommended Practice for accounting and reportSng by charitles applicable to charltSes preparlng their financial statements in accordance with the Financiol Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connectlon with the examinatlon to which attention should be drawn in this report In order to enable a proper understandlng of the financlal statements to be reached. Davld Andrew Llddle BA{Hons), FCA 4 Mason Court Glllan Way Penrith 40 Buslness Park Penrith Cumbria CAII gGR Date..
BOLTON NURSERY LTD STATEMENT OF FINANCIAL ACTIVITIE5 INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Unrestricted funds 2024 Restrlrted funds 2024 Total Unrestrirted funds 2023 Restrlcted funds 2023 Total 2024 2023 Notes Income from: Donations and legacies Charltable activltles Other trading activlties Investments 12,357 258,132 1,873 1,372 6,194 18,551 258,132 1,873 1,372 7,180 251,814 1,432 331 1,312 8,492 251.814 1,432 331 Total Income 273,734 6,194 279,928 260,757 1,312 262,069 Expendlturè on: Raising funds Charitable activities 1,873 244,236 1,873 257,567 3,966 215,283 3,966 223,718 13,331 8,435 Total expendlture 246,109 13.331 259,440 219,249 8,435 227,684 Net Incomellexpendlture) and movement In funds 27,625 17,1371 20,488 41,508 17,1231 34,385 Reconclllatlon of funds: Fund balances at l August 2023 139,079 48,494 187,573 97,571 55,617 153,188 Fund balances at 31 July 2024 166,704 41,357 208,061 139,079 48,494 187,573 The statement of financlal activitles Includes all gains and losses recognised In the year. All income and expenditure derlve from continuing actlvitSes. The notes on pages 9 to 17 form part of these financial statements.
BOLTON NURSERY LTD STATEMENT OF FINANCIAL POSITION ASAT31 JULY2024 2024 2023 Notes Fixed assets Tanglble assets 15 43,322 50,878 Current •ssets Debtors Cash at bankand In hand 16 15,490 160,402 16,211 129,316 175,892 111,1531 145,527 18,8321 Creditors,. amounts fallln8 due wlthln one year 17 Net current assets 164,739 136,695 Total assets less current Ilabilities 208,061 187,573 The fvnds of the charltv Restrlcted Income funds Unrestrlcted f unds 19 20 41,357 166,704 48,494 139,079 208,061 187,573 The notes on pages 9 to 17 form part of these flnancial statements. The company is entitled to the exemptlon from the audit requirement contalned In section 477 of the Companies Act 2006, for the year ended 31 July 2024. The dlrectors acknowledge their responsibilities for complylng wlth the requlrements of the Companles Act 2006 wlth respect to accounting records and the preparation of financial statements. The members have not requlred the company to obtaln an audit of Its flnancial statements for the year Sn questlon In a¢¢ordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on . H Somerville Treasurer Company registration number 04655025 (England and Wales)
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 Accountlng pollcles Charity information Bolton Nursery Ltd Is a publlc beneflt entlty and a prlvate company Ilmlted by guarantee Incorporated In England and Wales. The reglstered offlce Is Colby Lane, Bolton, Appleby In Westmorland, Cumbrla, CA16 6AW. 1.1 Auountlng conventlon The financial statements have been prepared in accordance wSth the charity's governing document, the Companies Act 2006, FRS 102 'The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charitles preparing thelr accounts In accordance wlth the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charlty is a Publlc Benefit Entlty as defined by FRS 102. The charity has taken advantsge of the provlsions In the SORP for charltles not to prepa a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts In these fSnanclal statements are rounded to the nearest £. The financial statement5 have been prepared under the hlstorlcal cost conventlon. The prlnclpal accountlng pollcles adopted are Set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectatlon that the charlty has adequate resources to contlnue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements, 1.3 Charitable funds Unrestricted funds are avallable for use at the dlscretlon of the trustees In furtherance of their charltable objectlves. Restrlcted funds are sublect to speclflc condltions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are sublect to specSflc condltlons by donors that the capltal must be malntslned by the tharitv. 1.4 In¢ome Income is recognised when the cha rity is legally entitled to it after any performance condltlons have been met, the amounts can be meaSUd lIablY, a nd It Is probable that income will be received. Cash donatlons are recognlsed on recelpt. Other donatlons a retognised once the charity has been notified of the donatlon, unless performance condltlons require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recogni5ed at the time of the donation. Legacies are recognised on receipt or otherwise if the charity ha5 been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
BOLTON NURSERY LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting pollcles {Continuedl 1.5 Expendilure Expenditure Is recognised once there 15 o legal or constructlve obllgation to transfer economlc benefit to a third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliablv. Expendlture Is classlfied by actlvlty. The costs of eath actlvlty are made up of the total of dlrect costs and shared costs, including support costs involved in undertaking each activlty. Direct costs attributable to a slngle activity are allocated dlrectly to that activity. Shared costs which contribute to more than one actlvSty and support costs which are not attribLttable to a single activity are apportioned between those activitie5 on a basls consistent with the use of resources. Central staff costs are allocated on the basis of tlme 5perbt, and depreclatlon charges are allocated on the portlon of the asset's Use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depcIatIOn and any impairment losse5. Depreclatlon Is recogni5ed $0 as to wrlte off the c05t or valuation of assets less thelr resSdual values over theSr useful Ilves on the followlng bases: Leasehold land and buildlngs Plant and equlpment Computers straight Ilne over the Ilfe of the lease 15% reducing balance 3 years stralght line The galn or loss arlslng on the disposal of an asset Is determined as the difFerence betweert the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Plant & Machlnery and Computer Equipment costing less than £250 a not capitalised but written off to the Income and expenditure account as incurred. 1.7 Impalrment of fixed a55et$ At each reportlng end date, the charity revlews the carrylng amounts of Its tangible a55ets to determine whether there s any indication that those assets have Suffered an Smpairment loss. If any such Sndication exlsts, the recoverable amount of the asset is estimated In order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and Cash equSvalent5 include cash in hand, deposlts held at call wlth bank5. Other short-term liquid investments with original maturltles of three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowlngs in current liabilities. 1.9 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic FinancSal Instruments, and Section 12 '0ther FinancSal Instrument5 Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the CogniSed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabllity simultaneously. 10-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting policies {Contlnuedl 8asicAinonciul ossets Basic financial assets, which include debtor5 and cash and bank balance5, are initlally measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effettive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets classSfSed as receivable within one year are not amortised. Boslcflnonclol Ilobilities Basic flnancSal Ilabilltles, includlng credltors ènd bank loans are inltially recognised at transactlon prlce unless the arrangement constitutes a financing tran5actSon, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial Ilablllties classified as payable within one year are not amortlsed. Debt instruments are subsequently carrSed at amortised c05t. using the effective interest rate method. Trade creditors are obllgations to pay for goods or Services that have been acquired in the ordlnary course of operations from suppliers. Amounts payable are cla5slfled as current Ilabllltles if payment Is due withln one year or les5. If not, they are presented as non-current liabllltles. Trade credltors a recognised initially at transaction prlce and subsequently measured at amortSsed cost uslng the effective Interest method. Derecognltlon offlnancial Ilabllltles Financial Ilabilities are derecogni5ed when the charlty's contractval obllgations expl or are discharged or cancelled, 1.10 Retirement benefits Payment5 to deflned contributlon ret1ment benefit 5chernes are charged as an expense a5 they fall due. Prepaid contributlon5 are recognlsed as an asset to the extent that the prepayment will lead to a reductlon In future payments or a cash refund. CrltScal accountln8 estlmates and ludgements In the application of the charlty's accounting pollcles, the trustees are requlred to make Judgements, estlmate5 and assumptions about the carrylng amount of assets and liabilltles that are not readlly apparent from other source5. The estimate5 and assoclated assumption5 are based on hlstorical experience and other factors that are con51dered to be relevant. Actual results may differ from these estSmates. The estimates and underlying assumptions are revlewed on an ongoing basls. Revlsions to accounting estlmates are recognised in the perlod in which the estimate Is revlsed where the revision affects only that perlod, or in the perlDd of the revision and future periods where the revision afferts both current a nd future perlods. Income from donations and legacies Unrestricted funds 2024 Restrltted fund5 2024 Total Unrestrlcted fund5 2023 Restricted funds 2023 Total 2024 2023 Grants 12,357 6,194 18,551 7,180 1,312 8.492 11
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Income from charltable actlvltles Unrestrlrted tund5 2024 Unrestrlrted fund5 2023 Sales within charltable actlvltles Sale of goods 258,132 251,814 Income from other tradlng actlvltles Unrestricted funds 2024 Unrestrlcted funds 2023 Fundralslng events 1,873 1,432 Income from Investments Unrestrl¢ted Unrestrlcted fund5 fund5 2024 2023 Interest receivable 1,372 331 Expendlture on ralslng funds Unrestrlrted funds Z024 Unrestrlrted funds 2023 Fundralslng and publlclty Other f undralsing costs 1,873 3,966 12-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Expenditure on charitable a¢tivitles Artivities undertaken directly 2024 Artivitie5 undertaken dlrectly 2023 Direct tosts Staff costs DepreciatSon and Impalrment Provlsion of nursery servlces 223,845 7,556 26.166 178,375 7,865 37,478 257,567 223,718 Analy555 by fund Unrestrlcted funds Restricted funds 244,236 13,331 215,283 8,435 257,567 223,718 Net movement In funds 2024 2023 The net movement In funds Is stated after charglng/lcreditlngl'. Fees payable to the tharlty's Inéependent examiner.. lor other assurance services Depreclatlon of owned tangible fixed assets 810 735 7,556 7,865 10 Independent examlnatlon fees Fees payable to the charlty's Independent examlner for: 2024 2023 Independent examination of the financlal statements 810 73S 11 Trustees No remuneration or reimbursement of expenses in relation to services provided to the charlty were recelved by the trustees during the year with the exception of a salary paid to Kaya Bennett in her role as Manager. 13-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 12 Employees The average head count of employees during the year was 1312023.. 141. The average number of full-time equivalent employees during the year was: 2024 Number 2023 Number Nursery staff Administration staff 12 13 Total 13 14 Employment costs 2024 2023 Wages and salarles Other pension costs 220,397 3,448 175,723 2,652 223,845 178,375 There were no employees whose annual remuneratlon was rn0 than £60,000. Remuneratlon of key management personnel Key management personnel Include a15 persons that have authority and responsibillty for plannln8, directlng and controlling the octlvltle5 of the charity. The remuneration of key management personnel in the year wa5 £30,85012023.' £25,998), 13 Detlned contrlbutlon plans The amount recognised in income or expendlture as an expense In relatlon to defined contribution plans was £3,448 12023.. £2,652). 14 Taxation The charity is exempt from taxation on its activities because all Its income is applied for charitable purposes. 14-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 15 Tangible flxed assets Lèasehold land and bulldln8S Plant and tqurpment Compute Total Cost At l August 2023 183,339 13,505 5,311 202,155 At 31 July 2024 183,339 13,505 5,311 202,155 Depreclatlon and impalrment At I Au8USt 2023 Depreciation charged In the year 134,620 7,231 11,346 325 5,311 151,277 7,556 At 31 July 2024 141,851 11,671 5,311 158,833 Carrylng amount At31July2024 41,488 1.834 43,322 At 31July2023 48,719 2,159 50,878 16 Debtors 2024 2023 Amounts fallln8 due wlthln one year.. Other debtors Prepayments and accrued income 12,248 3,242 13,154 3,057 15,490 16,211 17 Credltors: amounts f4llln8 due wlthln one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accrua15 and deferred income 3,315 1,340 4,950 1,548 2,816 985 3,850 1,181 11,153 8,832 18 Retirement benefit schemes 2024 2023 Defined tontrlbutlon 5cheme5 Charge to profit or10ss in respect of def ined contribution schemes 2,652 15-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 18 Retirement benefit schemes (Continued) The chority operates a defined contrlbution pensSon scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 19 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjett to specific conditions by donors a5 to how they may be used. At l August 2023 Incomlng resources Resources At 31 July 2024 expended Flxed A55et5 Restricted Grants 48,210 284 17,1051 16,2261 41,105 252 6,194 48,494 6,194 113,3311 41,357 Prevlous year: At I Au8USt 2022 Incomlng resources Resources At 31 July 2023 expended Restricted Grants Flxed Assets 1,312 11,0281 17,4071 284 48,210 55,617 55,617 1,312 18,4351 48,494 20 Unrestrlcted funds The unrestrlcted funds of the charlty comprise the unexpended balances of donations and grants whlch are not subject to specific conditions by donors and grantors a5 to how they may be used. These Include designated funds which have been set aside out of unrestricted funds by the trustees lor specific purposes. At I August 2023 Sncomlng resources Resources At 31 July 2024 expended General funds 139,079 273,734 1246,1091 166,704 PrevSous year: At l August 2022 Incoming resources Resources At 31 July 2023 eypended General funds 97.571 260,757 1219,2491 139,079 16-
BOLTON NURSERY LTD NOTES TO THE FINANCIAL STATEMENT5 {CONTINUED) FOR THE YEAR ENDED 31 JULY2024 21 Analysls of net a55et5 between funds Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 31 July 2024: Tangible assets Current assets/lliabilitlesl 2,217 164,487 41,105 252 43,322 164,739 166,704 41,3S7 208,061 Unre5trlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 July 2023: Tangible assets Current assetsllliabilltlesl 2,668 136,411 48,210 284 50,878 136,695 139,079 48,494 187,573 22 Operatlng lease ¢ommltment$ Lessee At the reporting end date the charity had outstandlng commitments for future mlnlmum lease payment5 under non. cancellable operating leases, which fall due as follows: 2024 2023 Wlthln one year 570 570 23 Rel3ted party transactions There were no disclosable related party transactions durlng the year12023 - nonel. 17-