**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**
|**Fixed assets**
**Intangible assets**
**Tangible assets (Note 7)**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors (Note 8)**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 9)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all the
trustees||**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**
**£**
**£**
**£**
**£**
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 trading**
**activities:**
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**
**TOTAL INCOME**
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**Income from**
**investments:**|**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**
|At the beginning of the year
Additions
Revaluations
Disposals
Transfers
**At end of the year**|**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**
|At beginning of the year
Disposals
Depreciation
Impairment
Transfers
**At end of the year**
Net book value at the beginning of the year
**Net book value at the end of the year**
**Net book value**|-|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**|**-**|**-**|