## **The Park Neighbourhood Nursery** ## **TRUSTEES ANNUAL REPORT YEAR ENDED 31 December 2024** The trustees present their report and the unaudited financial statements accounts of the charity for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered charity name:** The Park Neighbourhood Nursery **Charity registration:** 1107602 **Principal address:** The Old Park School Complex, Hollow Road, Kingswood, Bristol BS15 9TP ## **The trustees** The trustees who served the charity during the period were as follows: Patricia Rooney Cherilyn Sandra Holmes Elizabeth Ann Meadows Virginia Dunn Trustees appointed after the end of the period, but before the date of signature were as follows: Deborah Cottle (appointed 18 February 2025) Rachael Marie Bridges (appointed 18 February 2025) ********************************************************* ## **Independent examiner** Mitchell Glanville (Bristol) Limited ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trustees present their report for the year ended 31 December 2024. 2024 was again a successful year for The Park Neighbourhood Nursery with us continuing to strive for excellence and despite increasing financial challenge and managing within budget. We ended the year with an income of £752,814 and outgoings of £683,617 which represents a surplus for the year of £69,197. The Nursery staff, management and committee have worked very hard again to ensure the Nursery is successful despite the ever growing cost of operating. My thanks also to my fellow trustees and staff: we may just happen to have been in the right place at the right time all those years ago, but each of you have provided well nearly two decades of support to the Nursery and brought your invaluable knowledge and experience to the Nursery throughout this period of time. ## **Patricia Rooney** ## **Chair** ## **12 September 2025** **Report of the Directors and** **Unaudited Financial Statements** **for the Year Ended 31 December 2024** **for** **THE PARK NEIGHBOURHOOD NURSERY** **THE PARK NEIGHBOURHOOD NURSERY** ## **Contents of the Financial Statements for the year ended 31 December 2024** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Directors**|2| |**Statement of Income and Retained Earnings**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Detailed Income and Expenditure Account**|7| **THE PARK NEIGHBOURHOOD NURSERY** ## **Company Information** ## **for the year ended 31 December 2024** ## **DIRECTORS:** ## **SECRETARY:** ## **REGISTERED OFFICE:** ## **REGISTERED NUMBER:** ## **ACCOUNTANTS:** Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney Ms E A Meadows The Park Neighbourhood Nursey The Old Park School Hollow Road Kingswood BS15 4AT 04993091 (England and Wales) Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ 1 **THE PARK NEIGHBOURHOOD NURSERY** ## **Report of the Directors for the year ended 31 December 2024** The directors present their report with the financial statements of the company for the year ended 31 December 2024. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report. Ms V M Dunn Ms C S Holmes Ms E A Meadows Ms P A Rooney This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** Ms P A Rooney - Director 12 September 2025 2 ## **THE PARK NEIGHBOURHOOD NURSERY** ## **Statement of Income and** ## **Retained Earnings for the year ended 31 December 2024** |Notes
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS/(DEFICIT)**
4
Interest receivable and similar income
Interest payable and similar expenses
**SURPLUS/(DEFICIT) BEFORE TAXATION**
Tax on surplus/(deficit)
**SURPLUS/(DEFICIT) FOR THE FINANCIAL**
**YEAR**
Retained earnings at beginning of year
**RETAINED EARNINGS AT END OF YEAR**|2024
£
496,368
53,899
442,469
629,718
(187,249)
255,167
67,918
1,279
69,197
-
69,197
-
69,197
226,982
296,179|2023
£
432,401
57,109
375,292
547,849
(172,557)
124,101
(48,456)
999
(47,457)
20
(47,477)
-
(47,477)
274,459
226,982| |---|---|---| The notes form part of these financial statements 3 ## **THE PARK NEIGHBOURHOOD NURSERY (REGISTERED NUMBER: 04993091)** |||**Balance Sheet**||||| |---|---|---|---|---|---|---| |||**31 December 2024**||||| ||||2024||2023|| ||Notes|£||£|£|£| |**FIXED ASSETS**||||||| |Tangible assets|5|||7,883||8,311| |**CURRENT ASSETS**||||||| |Cash at bank and in hand||296,863|||228,071|| |**CREDITORS**||||||| |Amounts falling due within one year|6|8,567|||9,400|| |**NET CURRENT ASSETS**||||288,296||218,671| |**TOTAL ASSETS LESS CURRENT**||||||| |**LIABILITIES**||||296,179||226,982| |**RESERVES**||||||| |Income and expenditure account||||296,179||226,982| |||||296,179||226,982| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The 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 Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by: Ms P A Rooney - Director The notes form part of these financial statements 4 **THE PARK NEIGHBOURHOOD NURSERY** ## **Notes to the Financial Statements** ## **for the year ended 31 December 2024** ## 1. **STATUTORY INFORMATION** The Park Neighbourhood Nursery is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance ## **Taxation** Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 21 (2023 - 20). ## 4. **OPERATING SURPLUS/(DEFICIT)** The operating surplus (2023 - operating deficit) is stated after charging: ||2024|2023| |---|---|---| ||£|£| |Depreciation - owned assets|2,628|2,770| 5 **THE PARK NEIGHBOURHOOD NURSERY** ## **Notes to the Financial Statements - continued** ## **for the year ended 31 December 2024** ## 5. **TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2024
Additions
At 31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge for year
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023
6.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|Plant and
machinery
etc
£
109,869
2,200
112,069
101,558
2,628
104,186
7,883
8,311
2024
2023
£
£
4,843
6,381
3,724
3,019
8,567
9,400| |---|---| 6 **THE PARK NEIGHBOURHOOD NURSERY** ## **Detailed Income and Expenditure Account for the year ended 31 December 2024** |**Sales**
**Cost of sales**
Food and drink
Toys and nursery equipment
Other direct costs
**GROSS SURPLUS**
**Other income**
Government grants
Deposit account interest
**Expenditure**
Rates and water
Insurance
Light and heat
Wages
Social security
Pensions
Workwear
Telephone
Post and stationery
Advertising
Travelling
Staff training
Repairs and renewals
Staff entertaining and welfare
Cleaning and hygiene supplies
Computer costs
Sundry expenses
Accountancy
Professional Fees
Subscriptions
Depreciation of tangible fixed assets
**Finance costs**
Bank charges
Interest payable
**NET SURPLUS/(DEFICIT)**|2024
£
44,584
8,101
1,214
255,167
1,279
4,180
2,349
10,205
463,094
22,134
12,858
825
1,951
1,575
4,204
2,088
18,953
51,577
607
17,917
4,844
106
2,790
3,201
607
-
3,653
-|£
496,368
53,899
442,469
256,446
698,915
626,065
72,850
3,653
69,197|2023
£
41,721
8,638
6,750
124,101
999
3,932
2,120
12,246
416,305
25,701
13,393
1,558
2,480
3,993
7,458
-
2,804
26,289
6,786
12,882
-
53
990
4,826
783
2,770
480
20|£
432,401
57,109
375,292
125,100
500,392
547,369
(46,977)
500
(47,477)| |---|---|---|---|---| This page does not form part of the statutory financial statements 7 REF. NUMBER DOCUMENT COMPLETED BY ALL PARTIES ON **`OVULQ-Z8E5F-ENS9Y-9M8AP 18 SEP 2025 10:58:41 UTC` SIGNER TIMESTAMP SIGNATURE PATRICIA ROONEY** SENT **`12 SEP 2025 13:17:41`** EMAIL VIEWED **`RACHAELANDDEBORAHPARKNURSERY@GMAIL.COM 18 SEP 2025 10:48:44`** Patricia Rooue SHARED VIA SIGNED **`LINK 18 SEP 2025 10:58:41`** IP ADDRESS **`82.132.245.148`** LOCATION **`BIRMINGHAM, UNITED KINGDOM`** **Signed with PandaDoc** PAGE 1 OF 1 ## **Independent examiner's report to the trustees of The Park Neighbourhood Nursery** I report to the charity trustees on my examination of the accounts of The Park Neighbourhood Nursery (the Trust) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 accounts to be reached. P J Clarke Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ Date: 12 September 2025