2023-08-31-accounts - The Firs Nursery

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Charity Number: 1107989

The Firs Nursery School Unaudited Report and Accounts For the year ended 31 August 2023

The Firs Nursery School Unaudited Report and Accounts For the year ended 31 August 2023

Charity Number 1107989 Working Name The Firs Nursery School Principal Address Shalmsford Street Chartham Canterbury Kent CT4 7QN Trustees Amy Geraghty (Treasurer) Madeline Bell Emily Moore (resigned) Claire Morgan (resigned) Emily Wassell Valarie Elvidge Sarah Wild (appointed Chair 31/01/2023) Georgette Fenn Sarah Delo Independent Examiner H.M. Cook ACA MAAT Roake & Cook Limited 46 School Lane Blean Canterbury Kent CT2 9JA

Index

Page 1 Trustees' Report 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 - 12 Notes to the accounts

The Firs Nursery School Unaudited Report and Accounts For the year ended 31 August 2023

Trustees' Report

Reference and administration

The names of trustees, the principle address and other administrative information is disclosed under General Information on the preceding page.

Structure, governance and management

The association was registered as a charity, number 1107989.

Trustees are appointed by the parents of children registered with the nursery school.

Objectives and activities

The aims of pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through attending nursery by the following means:

1) Offering appropriate care, education and play facilities;

2) Family learning and education;

3) The right of parents to take responsibility and become involved in activities;

4) Equal opportunities for all children whatever their race, culture, religion, means or ability; and 5) Adhering to the furtherance of the aims and objectives of pre-school alliance.

In following these objectives, the trustees have had regard to the guidance issued by the Charity Commission.

Achievements and performance

During this year we completed our new playroom, The Hive, and children and staff have enjoyed good use of it throughout the year.

Our usual festive annual celebrations were held in December 2022, we had a very popular Saturday stay and play, including xmas songs, the children also attended an Christmas party and Christmas lunch. These were well received.

We held a successful stay & play open day in the summer term, We are now completely fully booked for the remainder of the academic year and almost completely full for September 2025 onwards.

Over the summer of 2023 we opened Busy Badger’s holiday club which was well attended by children from 2 to 7 years. We continue to offer this service during all school holidays.

We have continued to welcome visits from outside professionals, these have been well received.

Over the course of the academic year we engaged Chartham Primary school forest -school teacher, we held forest school sessions for our preschool children and ended the summer term with a camp fire, hot chocolate and marshmallow sessions. The children loved this experience.

We have asked for feedback from parents through surveys and google reviews, the feedback received has been extremely positive, we continue to offer parents the opportunity to work with us on our improvement plan.

During this year we continued to await our Ofsted inspection, hopeful of another good inspection.

As a setting we have continued to fundraise both for our own purposes and for other charities. This has included an amazon wish list, dress up days, crowd funding, celebration days/focus days, and Saturday coffee mornings. All of which have been very successful. We continue to build strong links with Chartham Primary school, benefiting from use of the grounds and outdoor learning opportunities, providing breakfast and afterschool club places for school children and having a strong transition package for those children going to school.

Financial review

The charity's policy on reserves is to always maintain sufficient liquid funds to meet its obligations for the years ahead; it is therefore the policy to always maintain reserves to cover the next three months' estimated expenditure. Any excess funds are retained to finance future improvements and extensions to the charity's facilities.

No restricted funds were brought forward or received during the year.

During the year, the charity recorded a surplus of £41,786. When this is added to the balance brought forward, the unrestricted fund balance carried forward stands at £123,902.

Signed on behalf of the trustees

Sarah Wild - Chair Date:

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The Firs Nursery School Charity No 1107989 FOR ENGLAND AND WALE Annual accounts for the period Period start date To 01/09/2022 Period end date 31/08/2023 “ ~~a~~ Statement of financial activities Restricted Recommended categories by Unrestricted income Prior year activity funds funds Total funds funds

	Restricted	Restricted
Unrestricted	Unrestricted income	income	Prior year
funds	funds	Total funds	funds
2023	2023	2023	2022
£	£	£	£
300	-	300	7,524
284,265	-	284,265	230,363
-	-	-	-
178	-	178	9
1,128	-	1,128	126
285,871	-	285,871	238,022

-	-	-	-
243,085	-	243,085	222,177
1,000	-	1,000	1,000
244,085	-	244,085	223,177

41,786	-	41,786	14,845

82,116	-	82,116	67,271
123,902	-	123,902	82,116

Incoming resources (Note 3)

Income and endowments from:

Donations and legacies Charitable activities Other trading activities Investments Other

Total

Resources expended (Note 4)

Expenditure on:

Raising funds Charitable activities Other

Total

Net movement in funds

Reconciliation of funds: Total funds brought forward

Total funds carried forward

Balance sheet

	Unrestricted funds Restricted income funds Total this year Total last year 2023 2023 2023 2022 £ £ £ £	Unrestricted funds Restricted income funds Total this year Total last year 2023 2023 2023 2022 £ £ £ £	Unrestricted funds Restricted income funds Total this year Total last year 2023 2023 2023 2022 £ £ £ £	Unrestricted funds Restricted income funds Total this year Total last year 2023 2023 2023 2022 £ £ £ £
	-	-	-	-
	37,731	-	37,731	2,666
	-	-	-	-
	37,731	-	37,731	2,666

	-	-	-	-
	2,347	-	2,347	12,000
	-	-	-	-
	84,824	-	84,824	68,450
	87,171	-	87,171	80,450

	1,000	-	1,000	1,000

	86,171	-	86,171	79,450

	123,902	-	123,902	82,116

	-	-	-	-
	-	-	-	-

	123,902	-	123,902	82,116

	123,902	-	123,902	82,116
	-	-	-	-
	123,902	-	123,902	82,116

Signature		Print Name		Date of approval
		Sarah Wild (Chair)		20-06-24

Notes to the accounts

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

2 Accounting Policies 2.1 Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability.

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. The charity has received government grants in the reporting period. Grants are only included in the SoFA when the charity has unconditional entitlement to the resources. Investment income is reported in the SoFA when receivable. 2.2 Expenditure and liabilities Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Charitable activities are the costs of running the nursery school including staff wages and salaries, rent and maintenance of property and food and equipment supplied to the children. 2.3 Assets Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £500 net of grants received. They are valued at cost and written off over their estimated useful life at the rate of 20% straight line with a full years' depreciation incurred in the year of acquisition and no depreciation in the year of disposal. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 2.4 Going concern COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the charities ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example in relation to expected future performance, or the effects on some future asset valuations. 2.5 Government grants Grants that are received in respect of expenses or losses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable.

2.6 Fund accounting

Unrestricted funds, which have not been designated for other purposes, are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds have been donated for specific expenditures and are strictly applied only to such expenditure.

Notes to the accounts

Note 3 Analysis of income

Unrestricted funds Restricted income funds Total funds Prior year 2023 2023 2023 2022 £ £ £ £ Analysis	Unrestricted funds Restricted income funds Total funds Prior year 2023 2023 2023 2022 £ £ £ £ Analysis	Unrestricted funds Restricted income funds Total funds Prior year 2023 2023 2023 2022 £ £ £ £ Analysis	Unrestricted funds Restricted income funds Total funds Prior year 2023 2023 2023 2022 £ £ £ £ Analysis	Unrestricted funds Restricted income funds Total funds Prior year 2023 2023 2023 2022 £ £ £ £ Analysis
Donations and gifts	300	-	300	7,524
Gift Aid	-	-	-	-
Legacies	-	-	-	-
Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
Total	300	-	300	7,524

Fees from local authorities	130,021	-	130,021	118,150
Fees from parents	137,338	-	137,338	97,052
SEN funding	16,906	-	16,906	15,161
Training	-	-	-	-
Total	284,265	-	284,265	230,363

Other	1,128	-	1,128	126
Total	1,128	-	1,128	126

Interest income	178	-	178	9
Dividend income	-	-	-	-
Total	178	-	178	9

	285,871	-	285,871	238,022

Notes to the accounts

Note 4 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £	Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £
Staging fundraising events	-	-	-	-	-	-

Total expenditure on raising funds Expenditure on charitable activities:	-	-	-	-	-	-

Care costs	198,269	-	198,269	179,796	1,950	181,746
Running and maintenance costs	41,219	-	41,219	28,907	8,426	37,333
Administration costs	2,522	-	2,522	2,265	-	2,265
Depreciation	1,075	-	1,075	833	-	833

Total expenditure on charitable activities	243,085	-	243,085	211,801	10,376	222,177
Other
Governance costs	1,000	-	1,000	1,000	-	1,000

Total other expenditure	1,000	-	1,000	1,000	-	1,000
TOTAL EXPENDITURE	244,085	-	244,085	212,801	10,376	223,177

Notes to the accounts

Note 5 Details of certain items of expenditure

Note 5 Details of certain items of expenditure
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner	2023 £	2022 £
	500	500
	-	-
	-	-
	500	500

Notes to the accounts

Note 6 Paid employees

Staff Costs

Staff Costs
Average number of full-time equivalent employees in the year: Charitable activities Social security costs and pensions Other employee benefits Total staff costs Salaries and wages	2023 £	2022 £
	179,902	144,682
	8,672	7,999
	-	-
	188,574	152,681
	This year Last year 14 14

Notes to the accounts

Note 7 Tangible fixed assets

Cost or valuation

Land and buildings 2023 £	Fixtures, fittings and equipment 2023 £	Total 2023 £	Prior year 2022 £
-	7,664	7,664	5,830
35,084	1,056	36,140	1,834
-	-	-	-
-	-	-	-
-	-	-	-
35,084	8,720	43,804	7,664

Depreciation and impairments

-	4,999	4,999	4,165
-	-	-	-
-	1,074	1,074	833
-	-	-	-
-	-	-	-
-	6,073	6,073	4,998

-	2,665	2,665	1,665
35,084	2,647	37,731	2,666

Notes to the accounts

Note 8 Debtors and prepayments

Analysis of debtors

Trade debtors Prepayments and accrued income Total

2023 £	2022 £
-	-
2,347	12,000
2,347	12,000

Notes to the accounts

Note 9 Creditors and accruals

Analysis of creditors

Accruals for grants payable Trade creditors Accruals and deferred income Taxation and social security Other creditors

Total

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
2023 £	2022 £	2023 £	2022 £
-	-	-	-
-	-	-	-
1,000	1,000	-	-
-	-	-	-
-	-	-	-
1,000	1,000	-	-