Myrtle House Ltd 05152593 NURSERY Myrtle House yrtle House Ltd Charity number. 1105421 Company Registration Number. 05152593 Trustees, report and financial statements for the year ended 30th September 2024 Myttr lsa AknIAryof1 Elm Perttfostal Irth. MyrYeTerrn(e. L&IL15 ILH LF.GAChatyN251$¢•1Ad partof lfflle Mov5eLtd. Reg f5152593 I CharityNtyl 105421 Td..01554 744791 IBungalow'.0ISS4 7527311 Enwd.. nlxrypmprt0USe wvrn.myrtlehousenursery.org.uk
Myrtle House Ltd 05152593 Contents Page Legal and administrative information Trustees report Independent Examination report Statement of financial activities Balan sheet Notes to the financial ststements 9-13
Myrtle House Ltd 05152593 L al and administrative infomation Charity Name: Myrtle House Ltd Charity Registration Number. 1105421 Company Registration Number. 05152593 Address: Myrtle House Ltd 22 Myrtle Terra Llanelli Carmarthenshire SA15 1LH Trustees & Directors: Mrs E P Chapman Rev W P J Chapman Mrs K P Mcshane Rev M L O'Brien D Kemeny Mrs S O'Brien (Company Secretsry) Independent Examiner. Carwyn Morgan B.S.c.. F.C.C.A Ashmole and Co. The Old School The Quay Camarthen SA313LN Page 1
Myrtle House Ltd 05152593 Re ort of the Trustees For the year ended 30th September 2024 The Trustees present their report and the financial statements for the year ended 30th September 2024. The trustees who served during the year and up io the dale oflhis report are set out on page 1. Structure. governance and management The Charity is a subsidiary of Elim Foursquare Gospel Alliance (charity registratbon 251549) The daity running of the charitable company is covered by the Project ManagerlNursery Director. Mrs Ellen Chapman who is also a trustee. Oversight is given by the leadership of the local Elim Pentecostal Church. Monthly leaderfs meetings are held where decisions are made regarding strategic matters. In line with the constitution, trustees must be part ofthe Church leadership team. Governing Document The charity is governed by its Memorandum and Articles of Association as a Company Limited by Guarantee. Risk management The trustees have a duty to identsfy and review the risks to which the Charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Objectlves and actlvltles The main purpose and objects of the charity are set out in the Memorandum of Association as follows.. The charty was set up wh the aim of running a nursery and pre-school facility for the benefit of Ihe community of Llanelli and the surrounding area under the umbrella of Elim Pentecoslal Church, Llanelli. The charity aims to run the best nursery and pre-school faality, maintaining the highest stsndards of excellence. Achlevements and erfomiancè Myrtle House Nursery is registerèd for 97 children including under 2's. 2-5 year olds, wrap around care and Holiday clubs. The atmosphere of the nursery is important to us. A welcoming and rich environment that supports the children to learn and play safely is paramount. Caring for the children in a safe, secure and clean environment helps the children, have the best experience, give the staff a great work environment and the parents peace of mind when leaving their child at nursery. The setting is welcoming and friendly. Parents are very positive in their feedback aboul the decoration, cleanliness, quality of equipment and loys, in fact the overall feedback from the parents about the environment inside was excellent. The new lighling has given a calming effect and gives a better and more comfortable feeling of a hom8 rather than the stark lighting that you get from slrip lighls. Parents Continue lo comment in their review on how much their child enjoys playing outsidè in the grounds even in the rain and it's clear that all we have to offer in the outdoors provision eg mud kitchen, sand and water play, the pirate ship and nature walks in the grounds and playing on the lawn is a big factor in choosing Myrtle House. The new soft surface flooring that was laid last year has changed the outdoor play area dramatically. It is safer for the children, they are happier and there have been less falls and tumbles. This addition has also changed the slaff experience outdoors because it is so much safer. It has enabled the slaff to focus on the activities etc rather than having to be constantly making sure the children are safe from tripping, falling etc. 99°/0 of the parents feedback was that the outdoor environment was excellent. The under 2,5 ouldoor area has been updated and new equipmenl added to the space lo make a better outdoor provision for the under 2's. The Spa has a canopy that enables them to enjoy the outdoor5 rain or shine. We no longer provide an after school club as this was prooving to be a burden as was not cost effective. The holiday clubs are thriving throughout the year and the children continue to spend most of their lime especially in the summer, in the grounds enjoying the freedom of the space enabling them to explore. build dens, be creative with loose parts as well as the fun of the climbing wall. mud kitchen etc. Page 2
Myrtle House Ltd 05152593 There are 137 children registered at the moment, at the moment less than last year. The staff directly working with the children are 21. Last yearthere were 26 qualrfied and experienced childcare practitioners. plus cooks, cleaners, a caretaker and administratwe staff that support the nursery. They work fvll and part time and are committed and dedicated at creating a fun learning and caring environment for the children. Five stsff have moved on this last year, to work in new environments to enhance their experiences in drfferent workplaGes, one has moved to a smaller nursery. 0 have moved into schools as teaching assistants. which are better for their families, one into the NHS dental team and one has gone on to university to qualrfy as a paedeatric nurse. Parents and professionals who vistl the nursery comment on the Caring ethos and the professional qualifications of the staff. All of our staff are dedicated to developing their sknlls by attending tpining that is provided by Flying Start, Earfy years(Estyn) Family infomation service, NDNA and Eaty Years Wales. This all contribLrtes to the leaming environment for the children so they progress and develop. There are four staff waiting to start their level 4 Childcare qualÉfication and staff doing a transition in Playwork course and two members of staff a on Welsh language courses. Parents are clearly happy with the staff. we receive several cards when the children move on to school and the parents are so grateful for the staffs input and the development of their children. As a nursery, parents welcome the qualty of activities and range of experiences we provide so that chIldn progress in their leaming and development. Parents feel welcome in the nursery, most parents find the Facel)ook page, website and nursery not[bOard very useful. The newsletter is printed as often as possible, monthly rf time allows, tt keeps parents informed of events and themes and activrties the children do. The children are given the opportunity to express their feelings on activities carried out in nursery and are given the opportunty to share ideas and make decisions in the day-toaY routine. The stsff talk to the children regularly and use 1..1. group discussion, free play. and focussed acttvtties to engage with their ideas. Children often tslk to each other about nursery when they are playing outside or in the home comer. Staff seek children's views and ideas throughoLrt a day's activrties, they listen to the children and that informs and helps stsff with the ongoing planning. The nursery continues to estsblish and strengthen its links with other professionals, e.g. wlleges. Flying Start, Early years Link Teachers, SO31 workers. Educational Psychologists, Health visitors. Speech and language therapists. head teachers, ALN support etc. The professionals that visit the setting always compliment the space tK)th inside and out. Some parerrts choose the nursery because of the menus we offer. The meals are well balanced and nutritious. We have a level 5 food hygiene rating. The menus have been reviewed and are now a three-week cycle not four and the staff are really happy wtth the changes. Parents like to see the menu for the week displayed on the noticeboard. As a nursery, we implement the highest levels of safety in all aspects of nursery life and rouline. Every day we do a check of the premises, equipment and outside fa¢ilitie5, and record this on our'Health & Safety, charts. All policies and risk assessments are in place and reviewed annually. Fire extinguishers. electrical equipment and boilers are inspected annually by professional and qualtfied staff, and rtifICateS are displayed. Insurance is in place i.e. public liability. employef s liabilty and building and contents insurance. When toys or equipment break or become wom, they are replaced. The doors are security coded - the codes known only to staff. Staff are trained and certtficates updated in first aid, food hygiene and child protection. All staff have enhanced disclosures and attend regular safeguarding training. New stsff and students have an induction period where they are all trained in aspects of heah & safety. As part of the nursery rouiine activitses, focussed actrvrbes and ctrde time we teach the children about keeping safe and playing safe. During 1.1 stsff supervision times and staff meetings we talk about heatth & safety issues so that matters a dealt with quickly. Similarly, any ¢oncems from parents are deatt with immediately. From the questionnaires, parents had no heath & safety issues wtthin the nursery. New panIS and children are encouraged to do a rninimum of one or fvio settling in sessions to help familiarise the child with their surroundings before starting. The parents are happy wth the enrolment process to nursery. and value the time we give them in reassurance and explaining nursery lrfe and routine. Parents are gwen time to read policies, complete foms and ask questions. We have a prospectus and leaflets. Several of the parents enjoy looking at the noticeboard with all the photos of activities. They find the nursery newsletters good, most of the parents use the Nursery Facebook page to keep up to date with events commenting that°IYs lovety to see what the children get up to." Page 3
Myrtle House Ltd 05152593 "It's lovely to see how my son's day has been". There is a smooth transition when the Under 2's move downstairs to the main nursery. A member of staff will do a visit to the nursery with the child that is due to transition. The children are excited and transition w811, they are ready to make this move and thoroughly enjoy their new environment. Parents comment on how well their child settles and, they are grateful for the palien¢e of the staff, and their advice during the settling in sessions. Parents comment on the atmosphere and ethos within the setting and their expenen¢es and encouraging Comments are also reflected in the many cards we receive and verbal feedback. They are grateful for the flexibilty we offer in accommodating changes in shrft patterns and work commitments, inciuding school pick-ups and the wrap around care. The nursery has had another year of fun filled activities linked to themes, special occasions, calendar interest days and community events, with an abundance of free play and focussed activities inside and outside in the nursery grounds. The activities and photos appear on the parent noticeboard and in the monthly newsletter. This is a valuable source of information for the parents. along with the nursery Facebook page as the questionnaire suggests, and parents find these useful to see whal their child has been doing and what they are eating etc. comments are made like"They are very helpful. and "We aayS get a nice note of what our son has been doing" and"They are well explained.. Parents also enjoy talking lo staff al the start or al the end of their Child's session. aboul their child's day. Children participate in a variety of focussed and child led experiences. We follow the curriculum for Wales for funded non maintained settings. We know that high quality early education provision is essential to children's development. Thè experiences, knowledge and skills nèeded for lifèlong leaming, begin in the early years. The nursery is supported by funding from Flying Slart and Link Teacher training with several resources lo enhance the children's learning and development. Staff plan focussed tasks and contribute to planning and developing the Ghildren, also enhancing the environment. Within our themes and activities, we celebrate the diversily of life within the nursery wrth many parents contributing to our themes with ideas, books and talks. We welcome these contributions as a way of celebrating other cuttures and ènhancing children's arnIng experience. Meetings are arranged with parents wher8 needed lo discuss any concems aboul their child's progress in quiet and relaxed atmosphere. At least once a term in the evening we meet as a whol8 team to discuss key chikjren, themes, plan new initiatives and lo share information. The manager will also meet with staff throughout the week, and on a 1.1 basis monthly for supervisions,. all of which enhance the qualty of care and leaming for the children within the nursery. Staff carry out observations and complete progress trackers and reports at Christmas and in the summer or when leaving. From the questionnaires parents find these very useful. As a nursery we complete a Self-Assessment of seiCe Statement annually for CIW. It is important for us as a nursery to reflect upon our practice regularly, so we continue to offer the highest quality of care and education to the children in our care. Slaff have key children who Ihey oversee and work wtlh. Parents appreciate having a key worker for their child. although many feel they can approach any member of staff because the staff know all the Children well. Staff help the children settle into nursery. carry out observations, help with the child's routine and they can build relationships with the parents and families. Parents with communication difficulties le.g. deaf. second language English} are acmMOdated through text and ernail. Staff continue to develop and achieve further professional qualifications. All staff develop and refine their personal professional development through monthly 1.1 staff development time. They also attend training courses through Flying Start, Link Teacher Training, Children's Partnership and the referral Scheme. The nursery manager attends childcare providers meetings and conferences where new inilialives are discussed, and this also informs policy and practice within the nursery, with opportunitie5 to network with other professionals. As a nursery we value the opportunty to pursue a range of courses and training which enhanS the quality experiences we provide in the nursery. Staff can request training that they would like in their staff supeNision, annual appraisal and annual qualrty of care review. We have an excellent range of resources and equipment. We receive funding and grants from sources such as Flying Start and Link Teacher Training. Our toys and equipment are washed on regular basis and maintained by Ihe staff. We always have a range of resources given to us from various courses we attend, and we regularly examine our resources to ensure they meet the children's needs, and to plan for any needing replacement. Page 4
Myrtle House Ltd 05152593 Financial review Policy on reserves The Charity's policy is to keep a minimum in general funds to run the organisation for 6 months. Funds in deficit The funds are in defitit 2024 £144.529 (2023 £130.726) Total income was £530,707. The charity has financial support from Elim Foursquare Gospel Alliance and Elim Pentecostal Church and despite the current drfficults'es, the Church continues to offer its financial support. statement of trustees. responsibilities The trustees are responsible for preparing the annual report and the finanoal ststements in accordancE with appli¢able law and United Kingdom Generally Accepted Accounting Practice. Law applicable to chartties in England and Wales requires the trustees to prepare financtal statements for each financial year which give a true and fair view of ¢hartty's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to- select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent., and prepare the finanaal statements on the going COnM basis unless it is inappropriate to presume that the charty will continue in operation. The trustees are responsible for keeping proper aoUnting records which disclose with reasonable accura at any time the financial posttion ofthe charty and enable them to ensure that the financial statements comply with the Chartties Act 2011. Trustees are also responsible for safeguarding the assets ofthe charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees declare that they have approved the trustees. report above. On behalf of the board Signed:L.. Date:... Print Name. Page 5
Myrtle House Ltd 05152593 Myrtlè Houge Ltd 05152593 Ind•pend•nt ExAmln•V R•port ¢0 th• Tr1••¥ ol Myrth Hou•• Lhnlt•d I r•ptyt on the acccnts lor I year ended 30 Se0tser 2024. W1h are set oul on ptyw 7 to 13. As the ch•rtty'è tte•S you ale resp(mslt>l• for Ihe rrf th• Kcounts kn erdIn thè r•q¥Jlr•m•nts ot th• Chaiitto• Act 2011 ri. I h0 eXarrad your chwliy'8 xx)unts r•4utrwJ undor 40ctt 145 01 Iho Charltth 2011 Clh• kv). 145(Sllb) ol the 2011 * that th@ ¥eounts do noi accord th tho•• rnc4)rd8'. or that Ihe account• do nol comtyy wllh the accounbng r04ulr•ffi• otth• rt or I hwe COrnFd8l•d my examinatliJn arHJ have no concwnB kn re8Fci of the rnaltorn111 to {41 Ilsled and. In conn•ctlon wlth foll(Yn9 ¢h• DIrtnI of th• Chty C¢)ITun•th I ho¥• found no rn•tt•rs that r•qulr• dr•vAng to your attentlon. Th• S¢iho Th• Qu•y 8A31 3LN Page 6
Myrtle House Ltd 05152593 forthe periDJ ended 30th September 2024 STATEMENT OF FINANCIAL ACTMTIES stricted Re Funds Total F nds Total Funds tes INCOME Donations Grants & Legacies Donations Income Grants ld - UntriCted Grants Recei - Restricted 29.C62 29,C62 Income from Operating Aclivities Nursery Income 501.644 501,644 532,885 Investrnent Income Bank Interest ReCeId Other Incoming ResoUe$ Other income TOTAL INCOME 501,645 29.CE2 530 707 PEND Costs of gentrnting Funds Nursery Costs 13 523,250 16,059 539,310 567,012 G¢Mmance Costs: Independenl Examination Fees Book keeping and Accounting Fees 13 13 6CQ 4, 875 TOTAL EXPENDITURE 528,450 16.059 572,487 NET INCOME Before transfer5 43, 602 TransÈrs Betwn Funds NEf INCOME After trdnder6 13,003 -13,803 •33,602 GainslLosses on Releluation of Fixed Assets NEf MOVEMEwf IN FUNDS -26,806 13.IXI3 -13,803 Total Funds Brought Forwdrd -130,726 -130,726 -97, 124 Total Funds Carried Forwaftl -157,532 13,003 -144,529 -130, 726 Page 7
Myrtle House Ltd 05152593 Unrestricted Restrictod Fun Funds BAL4NGE SH as al 30.9.24 tes Totsl Funds ts-Tan Fixed Assets -Tangible 40.511 40.511 42, 359 Curre nt A850 Debtors & Prepayments Loan5 Bank & Cash 7.298 7.298 13.959 12.617 19.915 13,CKJ3 13,fy)3 25.620 32,918 21,178 35, 137 Creditors & Accruals Net Pay & Paye Loans 65.655 29,606 25.350 65,655 29,606 25.350 43, 778 36, 663 22.250 120,610 120,610 102, 692 Nel Curront Assets -100.695 13,C3 7,692 -67, 555 Total Asgets1oM Currnnt Liabiliti08 40.184 13,003 47.182 -25.196 cditOrS Falling due after 1 year Prowsions for Liabililigs & Charges 10 97,347 97.347 105.530 Total Net As8et8 -157.532 13.003 -144.S29 -130. 726 11 Funds 81fv Net m0ment of fij -130.728 .26.8C6 -130.7 -13.803 -97. 124 -33.602 13.C#J3 TOTAL FUNDS -157.532 13.003 -144.629 -130 726 The chaTltable company is entttled to èxwnption frcm audit under Section 477 of the Companies Act 20C6 ralaling lo small companies for year ending September 2024. The mernbe ha not required charitable company to obtain an aL*Jit in accordance wth Section 476 of the Companies Act 20C6. The director5 acknovAedge their responsibilities for complying wth the requirements of the Companies Act wrth respect to accounting words and the preparation of accounts. These accounts hake been PrePad in accordance with the promsions applicable lo small ¢ompani8s subj8cl to the small companies regim& arKI in a¢cordance with FRS102 SORP. The financial statements were appro1 by the Board ofTrustees on ......... were signed on its behalf by.. .. And Signed W P J Chapman - Print Name.. Page 8
Myrtle House Ltd 05152593 Notes to the financial statements for the year ended 30th September 2024 1. Basis of preparntion 1.1. Basis of preparing the finanaal statements The financial statements of the charttable company, which is a public benefft entity under FRS 102. have been prepared in accordance wf(h the Chartties SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015),, Finan¢ial Reporknng Standard 102 'The FinanGial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disclosure exemptions The charity has tsken advantage of the following disclosure exemptions in preparing these financial statements, as pennitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows: the requirement of Section 3 Financial Statement Presentstion paragraph 3.17{d); the requirements of Section 11 Financial Instruments paragraphs 11.41 (b), 11.41 (c), 11.41 (e), 11.41 (n, 11.42, 11.44.11.45, 11.47, 11.48(a)(ii)1 , 11.48(a)(iv), 11.48(b) and 11.48(c)', the requirements of Section 12 Other Financial Instruments paragraphs 12.28, 12.27. 12.29(a), 12.29(b) and 12.29A: the requirement of Section 33 Related Paty Disclosure paragraph 33.7. 1.2. Change in Basis of Accounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. 1.3. Changes to previous Accounts No Changes have been made to accounts for the previous years. 2. Accounting pollcles The principal accounting policies are summarised below. The accounting policies have been applied consistentty throughout the year. 2.1 Incoming sOUrceS All incoming resources are induded in the statement of financial activities when the charty is entitled to the income and the amount can be quantified with reasonable accuracy. 2.2 ReSoUrS expended. Expenditure is accounted for on an a¢cYuals basis and has been dassrfied under headings that aggregate all costs related to the category. ere costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of reSoUs. 2.3 Tangible fixed assets and depreciation Expenditure is capttalised rf the asset has a useffiJl lrfe of more than 1 year and its cost exceeds £250. Tangible frxed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. on a straight-line basis as follows: Plant and Mathinery etc. 25°A on cost Page 9
Myrtle House Ltd 05152593 2.4 Taxation The charity is exempt from corporation tax on its charitable activities. 2.5 Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 3. Incomlng resources from charitable activities Activity 30.9.24 30.9.23 Nursery income Nursery Total Grants received, included in the above. are as follows.. 30.9.24 30.9.23 Other grants Total 4. Net incomlnglloutgoingl resources Net resources are staled after chargingl (crediting): 30.9.24 30.9.23 Depreciation - owned assets 19.625 16,486 S. Trustees, remunerallon and beneflts There wère no Iruslees, remuneration or other beneffts for the year ended 30th September 2024 nor for the year ended 30m September 2023 Trustees, expenses Telephone expenses of £671.11 were reimbursed to Mrs Ellen Chapman. 6. Staff costs 30.9.24 30.9.23 Wages and salaries 409 316 431438 Totsl Page 10
Myrtje House Ltd 051525g3 The average number of employees (fvll time equivalent) during the year was as follows: 30.9.24 30.9.23 Nursery staff No employees re[Ved emoluments in eXsS of £60,Crf)O. 7. Tangible fixed assets Plant & Machinery Etc. Total Assets Cost At 1 October 2023 Additions in Year Disposals in Year th At 30 September 2024 144,836 17,776 144.838 17,776 162.612 162.612 Depreciallon At 1. October 2023 Charge for year Released on Disposal th At 30 September 2024 102,477 19,625 102,477 19,625 122,101 122,101 Net book Value At 30 Septsmber 2024 Ih At 30 September 2023 40,511 40,511 42,359 42,359 8. Debtors: Amounts falling due within one year 30.9.24 30.9.23 Debtors & prepayments Total 9. Creditors: Amounts falling due within one year 30.9.24 30.9.23 Creditors and Accruals Net Pay & PAYE Loans 65,655 29,606 43,778 36,663 Total Page11
yrtle House Ltd 05152593 10. Creditors: Amounts falling due after more than one year 30.9.24 30.9.23 Other Creditors Total 105 530 11. Movement in fvnds Net Movement in funds Transfer8 between fund8 At 1.10.23 30.9.24 Unrestricted fvnds General Funds (130,726) (13.803) (144,529) Re8tri¢tsd funds Grants Total funds 113,8031 (144&zai 12. Related party dlsclosures The company is a subsidiary of Elim Foursquare Gospel Alliance (EFGA), a charitable trust number 251549. The bank overdraft is guaranteed by EFGA. The nursery 0upleS the premises of Uanelli Elim church and pays rent. Loan interest of £6,109 {2023 £6.575) was charged and £8,109 was paid during the year. The outstanding loan to Elim Church was £97.347 as at 30th September 2024. Page 12
- Breakdown of Expenditu Myrtle House Ltd 05152593 Costs of Running the Charity 30.9.24 30.9.23 Wages, Salaries & Associated Costs Nursery consumables & hygiene Rent. Rates, ght & Heat Administfdtion Costs Repairs & Maintenance Tra1 and subsistence Training Small tools & Equipment Insurance Bank Charges Loan Interest Professional & consultancy Fee5 Subscription and membership fees Depreciation Parent & Toddlers Sundries 409.316 21,394 67.167 2,142 431,438 30,041 58,267 3.776 2,614 1,759 2,842 532 2,019 3,913 292 6,109 7.129 4,062 433 6.575 1.935 19,625 1,802 16,486 318 539,310 567.012 Govemance Costs 30.9.24 30.9.23 Independent Examination Fees 600 Accounting Fees 4.600 4,875 Page 13