Charity registration number 1102017
Company registration number 04838548 (England and Wales)
TRENCH TOTS NEIGHBOURHOOD NURSERY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 JUNE 2024
TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs Rachel Pitt Mrs Claire Osborn Mrs Jessica Brown
Mrs Jessica Brown (Appointed 10 November 2023) Mr Daniel Oliver (Appointed 10 November 2023) Mrs Sophie Lindsay (Appointed 10 November 2023) Mrs Nicole King (Appointed 10 November 2023) Mrs Lucy Breakwell (Appointed 10 November 2023) Mr Daryl Breakwell (Appointed 10 November 2023) Mr Andrew Brown (Appointed 10 November 2023)
Secretary Mrs Jessica Brown Charity number 1102017 Company number 04838548 Registered office Gibbons Road Trench Telford Shropshire United Kingdom TF2 7JR Independent examiner Azets Column House London Road Shrewsbury Shropshire United Kingdom SY2 6NN
TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 27 JUNE 2024
The trustees present their annual report and financial statements for the year ended 27 June 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objectives are to enhance the development and education of the children primarily under statutory school age by:
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encouraging parents to understand and provide for the needs of their children through community groups.
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offering appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups.
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ensuring that such groups offer opportunities for all children regardless of race, culture, religion or means.
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encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
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instigating and adhering to and furthering the aim of the pre-school learning alliance.
Intent
At Trench Tots Nursery our vision for the curriculum is to develop each individual child’s holistic development in a safe, stimulating, and caring environment. We use the Birth to Five document to relate each child to the Early Years Foundation Stage Framework. We aim for every child to become confident, resilient, and happy individuals who feel empowered and ready for the next stage in their lives.
Implementation
Planning is based around the children’s interests as well as linking with children’s next steps in their development to ensure that the learning opportunities and experiences provided are meaningful. Learning opportunities are differentiated to meet the needs of all individual children.
The Curriculum we create is responsive to individual children and their families. We as a team form positive relationships with all our children and their families. This enables us to have strong knowledge and understanding of all our children, their capabilities, and their needs.
Each child will have a key person. The key person is chosen by the child, based on which member of staff they form a close bond with. Each key person also has a key buddy, which is responsible for their buddy’s key group of children in their absence.
We provide rich learning opportunities which inspire children’s 7 areas of learning and development. Our aim is to provide safe spaces for children to explore, experiment, develop their own ideas and test their theories. We promote children’s physical development by providing experiences both indoors and outdoors which has a positive impact on their health and wellbeing. We celebrate different cultures and faiths as we encourage children to learn about others’ beliefs.
Impact
At Trench Tots Nursery, we understand that the experiences children enjoy during their early years has a huge impact later in life. The impact of our pedagogy has been to strengthen children’s communication and language by delivering a curriculum that is language rich and will support children to develop an extensive vocabulary. Children are offered a varied approach to learning, and they are encouraged to lead their own learning.
Through our curriculum we can see that each child is happy and ready to move on to the next stage of their lives whether that be transitions within our setting or if they are leaving to go on to a new setting or school.
Our commitment to each child enables them to thrive and to be confident within themselves. High quality early years education will have huge benefits which will enable children to achieve their next milestones and succeed throughout their lifetime.
All our children leave the setting as resilient, confident, and ambitious learners having enjoyed their experiences with us.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake in relation to public benefit.
Achievements and performance
Trench Tots continues to maintain high numbers across all 4 childcare rooms. With the new Government Funding that has been released the last few places we had have been taken up. As it stands we are unable to take any new children 2 years and up until 2027.
Although fees have had to increase due to the minimum wage increase from April 2025, we have kept the increase as minimal as possible to allow us to remain affordable to our users. This is reflected in the number of children we have enrolled at present. No families have left following the increase in fees.
We continue working on developing our outdoor areas to enhance the children’s learning opportunities whilst playing outside. This is an ongoing project and we are looking into funding.
We are looking into having canopies in the three outdoor gardens, so will be reviewing finances to see if this is affordable. Hopefully grants available will help this project.
We continue to invest money in staff training to continue to keep them up to date and enhance their CPD.
We now have a new committee formed who are very positive and have a clear vision for the nursery's future moving forward.
Financial review
We receive government funding for children 9 months – 2 years old and 3 & 4 years old. As of September 2025 working families will be entitled to 30 hours funding. This is topped up by parents to cover food and other resources.
For staff that are qualified to a level 3, we decided to give them a small hourly increase as recognition of completing
the higher qualification.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The charity trustees aim to have sufficient funds available to continue the charity for at least three months should funding sources cease, to allow time to apply for further funding.
Unfortunately, rising costs and relaying all flooring throughout the setting as well as redecorating has been a big outlay, this has left the Charity short of that target at the year end.
Whilst the Trustees remain confident that the level of reserves held remains sufficient for the Charity to continue in operational existence for the foreseeable future, we have taken steps during 2024/25 to cover further increases in staff costs by increasing fees, securing increased core funding and generating new income streams through grant applications for the wraparound club for school children to attend before and after school.
We are regularly reviewing staffing needs and structures, this will be ongoing to try and streamline staffing where possible.
The Committee regularly reviews current finances to see where they are at and if we can source resources elsewhere.
Structure, governance and management
The charity is controlled by its governing document, the memorandum and articles of association incorporated 19 July 2003, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs Rachel Pitt Mrs Claire Osborn Mrs Jessica Brown (Appointed 10 November 2023) Mr Daniel Oliver (Appointed 10 November 2023) Mrs Sophie Lindsay (Appointed 10 November 2023) Mrs Nicole King (Appointed 10 November 2023) Mrs Catherine Edwards (Appointed 10 November 2023 and resigned 10 April 2025) Mrs Lucy Breakwell (Appointed 10 November 2023) Mr Daryl Breakwell (Appointed 10 November 2023) Mr Andrew Brown (Appointed 10 November 2023) Mrs G Casey (Appointed 10 November 2023 and resigned 18 March 2024) Mrs Lesley Lane (Appointed 10 November 2023 and resigned 18 March 2024) Mrs Stacey Westbrook (Appointed 10 November 2023 and resigned 18 March 2024)
People who are interested in the charity are recruited by word of mouth or through other trustees. Their interest in the charity is discussed with all parties. Appointments are made if new trustees are required and the perspective candidate is deemed suitable.
The Trustees report was approved by the Board of Trustees.
Mrs Rachel Pitt Trustee
8 May 2025
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
I report to the trustees on my examination of the financial statements of Trench Tots Neighbourhood Nursery Ltd (the charity) for the year ended 27 June 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Helen Tinsley FCCA
Column House London Road Shrewsbury Shropshire SY2 6NN
Dated: 6 May 2025
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 27 JUNE 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Charitable activities 2 426,465 257,808 Investments 3 820 - Total income 427,285 257,808 Expenditure on: Charitable activities 4 479,598 257,808 Net (expenditure)/income for the year/ Net movement in funds (52,313) - Fund balances at 29 June 2023 155,283 - Fund balances at 27 June 2024 102,970 - |
Total Unrestricted funds 2024 2023 £ £ 684,273 643,724 820 58 685,093 643,782 737,406 626,769 (52,313) 17,013 155,283 138,270 102,970 155,283 |
Total Unrestricted funds 2024 2023 £ £ 684,273 643,724 820 58 685,093 643,782 737,406 626,769 (52,313) 17,013 155,283 138,270 102,970 155,283 |
|---|---|---|
| 643,782 | ||
| 626,769 | ||
| 17,013 138,270 |
||
| 155,283 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
BALANCE SHEET
AS AT 27 JUNE 2024
| Notes Fixed assets Tangible assets 9 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets Income funds Unrestricted funds |
2024 £ 9,145 62,078 71,223 (28,737) |
£ 68,047 42,486 110,533 (7,563) 102,970 102,970 102,970 |
2023 £ 13,621 106,069 119,690 (23,364) |
£ 69,309 96,326 165,635 (10,352) 155,283 155,283 155,283 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 27 June 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance 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 8 May 2025
Mrs Rachel Pitt
Trustee
Mrs Jessica Brown Trustee
Company Registration No. 04838548
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 JUNE 2024
1 Accounting policies
Charity information
Trench Tots Neighbourhood Nursery Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Gibbons Road, Trench, Telford, Shropshire, TF2 7JR, United Kingdom.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue 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 available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors 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 subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income, including core funding from local authority, is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has 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.
Grants received are recognised on receipt. All grants received have not been performance related, restricted in terms of the use of the funds. All grants received in the year relate to the JRS scheme.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is 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 the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 2% straight line Equipment 20% on reducing balance Office Equipment 20% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments 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 recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective 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 classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Taxation
The charity is exempt from corporation tax on its charitable activities.
1.13 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
All funds held within Trench Tots Neighbourhood Nursery are unrestricted funds.
1.14 Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
2 Charitable activities
| Charitable activities Analysis by fund Unrestricted funds Restricted funds For the year ended 28 June 2023 Unrestricted funds |
Nursery income Core funding 2024 2024 £ £ 426,465 257,808 426,465 - - 257,808 426,465 257,808 399,709 244,015 |
Total 2024 £ 684,273 426,465 257,808 684,273 |
Total 2023 £ 643,724 |
|---|---|---|---|
| 643,724 - |
|||
| 643,724 | |||
| 643,724 |
3 Investments
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable | 820 | 58 |
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
4 Charitable activities
| Staff costs Depreciation and impairment Rent and rates Insurance Light and heat Telephone Post and stationery Uniforms Property repairs and maintenance Staff training Sundry expenses Travel and entertainment Equipment, repairs and renewals Cleaning supplies and hygiene Activity costs Food Bank charges Other charitable expenditure Share of governance costs (see note 5) Analysis by fund Unrestricted funds Restricted funds For the year ended 28 June 2023 Unrestricted funds |
Nursery 2024 £ 578,701 3,324 14,394 6,484 3,387 1,988 582 1,810 25,193 4,449 595 - 11,762 7,713 4,249 54,507 163 6,713 726,014 11,392 737,406 479,598 257,808 737,406 626,769 |
Nursery 2023 £ 503,482 3,306 16,123 5,668 7,904 2,115 793 1,591 5,430 4,309 691 1,475 11,213 8,529 3,991 35,618 197 3,469 |
|---|---|---|
| 615,904 10,865 |
||
| 626,769 | ||
| 626,769 - |
||
| 626,769 | ||
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
5 Support costs
| Accountancy Legal and professional Analysed between Charitable activities |
Support costs Governance costs £ £ - 7,138 - 4,254 - 11,392 - 11,392 |
2024 £ 7,138 4,254 11,392 11,392 |
2023 Basis of allocation £ 7,357 Governance 3,508 Governance 10,865 10,865 |
|---|---|---|---|
The Accountancy remuneration includes an independent examination fee of £1,200.
6 Trustees
None of the trustees received remuneration from the company during the period. There were also no reimbursements of expenses for the trustees.
7 Employees
The average monthly number of employees during the year was:
| Employees Employment costs Wages and salaries Social security costs Other pension costs |
2024 Number 31 2024 £ 536,249 34,027 8,425 578,701 |
2023 Number 31 |
|---|---|---|
| 2023 £ 474,683 22,324 6,475 |
||
| 503,482 |
There were no employees whose annual remuneration was £60,000 or more.
8 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
| 9 Tangible fixed assets Cost At 29 June 2023 Additions At 27 June 2024 Depreciation and impairment At 29 June 2023 Depreciation charged in the year At 27 June 2024 Carrying amount At 27 June 2024 At 28 June 2023 |
Land and buildings Equipment Office Equipment £ £ £ 66,769 41,183 12,303 - - 2,062 66,769 41,183 14,365 5,342 36,344 9,260 1,335 968 1,021 6,677 37,312 10,281 60,092 3,871 4,084 61,428 4,838 3,043 |
Total £ 120,255 2,062 |
|---|---|---|
| 122,317 | ||
| 50,946 3,324 |
||
| 54,270 | ||
| 68,047 | ||
| 69,309 |
Land and buildings comprises the cost of a purpose built nursery on Gibbons Road. The total cost of this build was £719,149, of which £652,380 were covered by grants and subsidies. The total cost to the company was £66,769.
| 10 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost |
2024 £ 8,109 36,300 |
2023 £ 12,734 |
|---|---|---|
| 33,716 |
Financial assets measured at amortised cost consists of trade debtors and other debtors, which includes the wages control account.
Financial liabilities measured at amortised cost consists of bank loans, deferred income, trade creditors, amounts due to employees, other creditors and accruals.
| 11 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income |
2024 £ 8,109 - 1,036 9,145 |
2023 £ 11,568 1,166 887 |
|---|---|---|
| 13,621 |
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TRENCH TOTS NEIGHBOURHOOD NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 27 JUNE 2024
| 12 Loans and overdrafts Bank loans Payable within one year Payable after one year |
2024 £ 10,063 2,500 7,563 |
2023 £ 12,852 |
|---|---|---|
| 2,500 10,352 |
==> picture [462 x 37] intentionally omitted <==
| 13 Creditors: amounts falling due within one year Notes Bank loans 12 Other creditors Accruals and deferred income 14 Creditors: amounts falling due after more than one year Notes Bank loans 12 15 Related party transactions |
2024 £ 2,500 9,845 16,392 28,737 2024 £ 7,563 |
2023 £ 2,500 8,255 12,609 |
|---|---|---|
| 23,364 | ||
| 2023 £ 10,352 |
||
There were no disclosable related party transactions during the year (2023 - none).
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