## **Trustees’ Annual Report for the period** ## **From 01.08.2023 to 31.07.2024** ## **Charity name: Pembury School House Nursery** ## **Charity registration number: 1109583** ## **Objectives and Activities** |**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**| |---|---|---| |SORP reference||| |Summary of the purposes of
the charity as set out in its
governing document.
Para 1.17
To provide high quality Early Years
education to the children that attend our
nursery school.||| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Para 1.17 and
1.19
At Pembury School House Nursery we
work in partnership with every family to
provide the highest quality childcare and
education. We provide a safe, stimulating
and nurturing environment where children
are cared for in an atmosphere of care and
warmth.
Children’s learning is taken forward,
offering opportunities for all to succeed and
reach their individual potential; valuing
unique achievements and interests.||| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit.|Para 1.18|Our trustees have regard to the guidance
issued by the Charity Commission on
public benefit. The nursery serves the
public benefit by providing opportunities for
children of all backgrounds and by
promoting the understanding of their
educational needs.| 1 ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
||SORP reference|| |---|---|---| |||| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Pembury School House Nursery is proud to
hold an ‘Outstanding’ Ofsted judgement and
to be part of the Collaboration Early Years
Team for Kent.
We are a much-needed provision to the
community of Pembury and surrounding
villages.
We provide Early Years Education to
children form the age of 2 years 2 months
until the age of 5.| 2 ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21
financial position at the end
of the period
Statement explaining the Para 1.22 The directors/trustees are responsible for
policy for holding reserves preparing the report and accounts in
stating why they are held
accordance with applicable law and
regulations.
Company law requires the directors to
prepare accounts for each financial year.
Under that law, the directors have elected to
prepare the accounts in accordance with
United Kingdom Generally Accepted
Accounting Practice (United Kingdom
Accounting Standards and applicable law).
Under company law the directors must not
approve the accounts unless they are
satisfied that they give a true and fair view
of the state of affairs of the company and of
the profit or loss of the company for that
period.
In preparing these accounts, the directors
are required to:
- select suitable accounting policies and then
apply them consistently;
- make judgements and estimates that are
reasonable and prudent;
- prepare the accounts on the going concern
basis unless it is inappropriate to presume
that the company will continue in business.
The directors are responsible for keeping
adequate accounting records that are
sufficient to show and explain the company's
transactions and disclose with reasonable
accuracy at any time the financial position of
the company and enable them to ensure that
the accounts comply with the Companies Act
2006. They are also responsible for
safeguarding the assets of the company and
hence for taking reasonable steps for the
prevention and detection of fraud and other
irregularities.
Amount of reserves held Para 1.22 £122,596
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a going
concern
**----- End of picture text -----**
3 ## **Structure, Governance and Management** |Description of charity’s
trusts:||The overall management and control of the
nursery shall vest in the individual members
of its Trustees who are the directors and
charity trustees of the nursery.
4.2
The Trustees shall consist of:-
4.2.1
A group of 3 persons and;
4.2.2. No more than 2 may be staff
members
4.3
The Trustees in Articles 4.2.1 and
4.22 shall be elected for an agreed
term at the Annual General Meeting.
4.4
In the event of death or resignation
of an elected Trustee, the vacancy
shall be filled until the next Annual
General Meeting by a Member
appointed by the Trustees.
4.5
Not less than two weeks prior to the
date of the next Annual General
Meeting at which the election of
elected Trustees will take place each
eligible Member shall be sent a form
which any Member wishing to stand as
a candidate for election to the
Trustees must return to the
secretary. Members returning such a
form shall be deemed to have notified
their willingness to act as a Trustee
if so elected.
4.6
At the next Annual General Meeting
the prospective new elected members
of the Trustees shall be those
candidates from amongst those
having notified their willingness to
stand who receive the highest number
of votes from the Members.
4.7
At the first Trustee meeting
following the Annual General Meeting
the newly elected Trustees shall
determine their roles; electing one of
which as a secretary (who shall be the
‘Company Secretary’ of the nursery
for companylawpurposes).| |---|---|---| 4 |4.8|The Secretary shall notify Companies| |---|---| ||House in the appropriate manner of| ||any changes to the Trustees.| |4.9|The term of office of any Trustee| ||member shall automatically| ||terminate:-| ||4.9.1
If they are disqualified under| ||the Charities Act from acting as a| ||charity trustee or under the| ||Companies Acts from acting as a| ||company director;| ||4.9.2
If they are incapable whether| ||mentally or physically of managing his| ||or her own affairs;| ||4.9.3
If they resign by written| ||notice to the Secretary;| ||4.9.4
If they are removed by| ||resolution passed by a majority of the| ||members of the Trustees.| |4.10|Any technical defect in the| ||appointment of a Trustee of which| ||the Trustees are unaware at the time| ||shall not invalidate any decisions| ||taken at Trustee meetings at which| ||such a member was present.| |5.|**PROCEEDINGS OF THE TRUSTEES**| |5.1|The Trustees shall hold at least 3| ||meetings each year unless the| ||Trustees shall decide by simple| ||majority to hold a further meeting or| ||meetings.| |5.2|Trustees shall each have one vote at| ||meetings.| |5.3|A quorum at Trustee meetings shall| ||be not less than two of the Trustees.| |5.4|Every issue considered at Trustee| ||meetings may be determined by a| ||simple majority of the votes cast at| ||the meeting. A written resolution| ||signed by all members of the| ||Trustees is as valid as a resolution| ||passed in meeting (andfor this| 5 ||purpose the resolution may be| |---|---| ||contained in more than one document| ||and will be treated as passed on the| ||date of the last signature).| |6.|**POWERS OF THE TRUSTEES**| ||The Trustees shall have the following| ||powers in the administration of the| ||nursery:-| |6.1|To elect by simple majority the| ||Trustees, one being the Secretary.| |6.2|To remove from office any Trustee.| |6.3|To invite any person or persons to| ||attend Trustee meetings in a non-| ||voting capacity.| |6.4|To make by-laws consistent with the| ||Memorandum and these Articles and| ||the Charities Acts and the Companies| ||Acts to govern proceedings at| ||General Meetings of the nursery.| |6.5|To make rules consistent with the| ||Memorandum and these Articles to| ||govern proceedings at Trustee| ||meetings.| |6.6|To exercise any powers of the| ||nursery which are not reserved to a| ||General Meeting of the nursery.| |6.7|To engage all staff at such| ||remuneration as it thinks fit and| ||enter into written contracts of| ||employment with such staff on such| ||terms as the Trustees shall from| ||time to time determine.| |7.|**OVERRIDING OBLIGATIONS OF**| ||**THE TRUSTEES**| |7.1|The Trustees shall (subject to Article| ||14.1):-| ||7.1.1
Abide by the Objects of the| ||nursery;| ||7.1.2
Maintain up to date| ||accounting records containing entries| ||of all monies received and paid out| ||and the matters in respect ofwhich| 6 ||the receipt and payment takes place,| |---|---| ||in each case in such manner as may be| ||required by the Charities Acts and/or| ||Companies Acts of other applicable| ||legislation or regulations.| |8.|**GENERAL MEETINGS OF THE**| ||**NURSERY**| |8.1|The nursery shall in each calendar| ||year hold a general meeting as its| ||Annual General Meeting in addition to| ||any other general meetings in that| ||year and shall specify the meeting as| ||such in the notice calling it. The| ||Annual General Meeting in each year| ||shall be held at such time and place as| ||the Trustees decide. All General| ||Meetings other than the Annual| ||General Meeting shall be| ||Extraordinary General Meetings.| |8.2|Each Annual General Meeting will be| ||chaired by the one of the three| ||Trustees which shall:-| ||8.2.1
Receive the accounts of the| ||nursery for the previous financial| ||year;| ||8.2.2
Receive an annual report from| ||the Trustees;| ||8.2.3
Elect the new members of the| ||Trustees;| ||8.2.4
Transact any other business| ||properly put to the meeting;| ||8.2.5
Receive such other reports| ||and documents as may be required by| ||law from time to time.| |8.3|All members shall be entitled to be| ||notified of and attend any General| ||Meeting of the nursery, but no minor| ||failure or irregularity in giving such| ||notice shall invalidate any decision| ||taken at the General Meeting.| |8.4|Not less than 21 clear days’ notice| ||shall be given of each Annual General| ||Meetingand not less than 28 clear| 7 ||days’ notice shall be given of every| |---|---| ||Extraordinary General Meeting.| |8.5|The notice of any General Meeting| ||shall include the date, time and place| ||of the meeting and the nature of the| ||business to be transacted.| |8.6|No business shall be transacted at| ||any General Meeting unless a quorum| ||is present. 3 Members present in| ||person shall constitute a quorum at| ||any Annual General Meeting or| ||Extraordinary General Meeting.| |8.7|If a quorum is not present within 1| ||hour of the time appointed for the| ||General Meeting or if during a| ||General Meeting such a quorum| ||ceases to be present the meeting| ||shall stand adjourned until such time| ||and place the Trustees shall| ||determine.| |8.8|A resolution put to the vote at a| ||General Meeting shall be decided on a| ||show of hands unless before or on the| ||declaration of the result of the show| ||of hands a poll is demanded. Subject| ||to the provisions of the Company Acts| ||a poll may be demanded by the| ||Trustees having the right to vote at a| ||General Meeting or by a Member or| ||Members representing not less than| ||1/10thof the total voting rights of| ||the Members attending and having| ||the right to vote at the General| ||Meeting.| |8.9|Unless a poll is duly demanded a| ||declaration by the Trustees that a| ||resolution has been carried or carried| ||unanimously or by a particular| ||majority or lost or not carried by a| ||particular majority and an entry to| ||that effect on the minutes of the| ||meeting shall be conclusive evidence| ||of the fact without proof of the| ||number or proportion of votes| ||recorded in favour of or against the| ||resolution.| |8.10|A demand for a poll may, before the| ||poll is taken,be withdrawn onlywith| 8 ||the consent of the Trustees and a| |---|---| ||demand so withdrawn shall not be| ||taken to have invalidated the results| ||of a show of hands declared before| ||the demand is made.| |8.11|The poll should be taken as the| ||Trustees direct. The result of the| ||poll shall be deemed to be a resolution| ||of the meeting at which the poll is| ||demanded.| |8.12|On a show of hands every voting| ||Member present in person or by| ||proxy shall have one vote. On a poll| ||every voting Member present in| ||person or by proxy shall be entitled| ||to the number of votes ascribed to| ||their membership by these Articles.| |8.13|An instrument appointing a proxy shall| ||be in writing executed by or on behalf| ||of the appointor and shall be in such| ||form as the Trustees shall determine| ||from time to time. Each Member who| ||wishes to appoint a proxy shall be| ||afforded the opportunity of| ||instructing the proxy how he/she| ||should act. Unless otherwise| ||instructed a proxy may vote as| ||he/she thinks fit or abstain from| ||voting.| |8.14|The instrument appointing a proxy| ||shall be deposited at the registered| ||offices of the nursery or such other| ||place as is specified in the notice| ||convening the General Meeting not| ||less than 48 hours before the time| ||for holding the General Meeting at| ||which the person named in the| ||instrument proposes to vote and an| ||instrument of proxy which is not| ||deposited or delivered in accordance| ||with this Article shall be invalid.| |8.15|Proposals may be put to a General| ||Meeting of the nursery by one or| ||both of the following:-| ||8.15.1 Any Member; and| ||8.15.2 The Trustees;| 9 |||8.16
All resolutions put to the vote at
General Meetings shall be decided by
an ordinary resolution (a simple
majority of votes cast) except
resolutions to amend the
Memorandum and Articles, to dissolve
the nursery or as may be required by
the Companies Acts, which shall be
decided by a special resolution (not
less than 75% of votes cast).
8.17
No resolution to amend the
Memorandum or Articles shall be
effective unless approved by the
nursery in writing.| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|The Nursery Constituation.| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The charity is constituted by the
company being limited by guarantee and
not having a share capital.| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|As above| 10 ## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Pembury School House Nursery
Other name the charity uses N/A
Registered charity number 1109583
Charity’s principal address Pembury School House Nursery
Lower Green Road
Pembury
Kent
TN2 4EB
**----- End of picture text -----**
**Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Kelly Marsh Director / Trustee
Samantha Digby- Director / Trustee
2
Baker
Jane Askew Company Secretary
3
/ Trustee
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved **Director name** Kelly Marsh Samantha Digby-Baker 11 Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for whole year
Kelly Marsh
Samantha Digby-Baker
Jane Askew
**----- End of picture text -----**
12 ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|Every member of the nursery undertakes to pay such
amount as may be required not exceeding £1 towards
the nursery’s assets if the nursery should be wound up
while he/she remains a member or within one year after
they cease to be a member towards the costs of
dissolution and the liabilities incurred by the nursery
while the contributor was a member.| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|For the Trustees by majority vote to
transfer/distribute assets to other bodies for
exclusively charitable purposes to ensure the Objects
remain within and serve the local community.| |Details of arrangements for|As above| |safe custody and|| |segregation of such assets|| |from the charity’s own|| |assets|| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** 13 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** > **Signature(s)** Jane Askew **Full name(s)** Jane Askew **Position (eg Secretary,** Company Secretary **Chair, etc) Date** 21 Nov 2024 15 Registered number: 05392129 **PEMBURY SCHOOL HOUSE NURSERY DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** Tonbridge Accountants Limited ## **Pembury School House Nursery Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Accountants' Report|3| |Income Statement|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6—8| |The following pages do not form part of the statutory accounts:|| |Detailed Income Statement|9| **Pembury School House Nursery Company Information For The Year Ended 31 July 2024** |**Directors**|Mrs Samantha Digby-Baker| |---|---| ||Mrs Kelly Marsh| |**Secretary**|Mrs Jane Askew| |**Company Number**|05392129| |**Registered Office**|Lower Green Road| ||Pembury| ||Kent| ||TN2 4EB| |**Accountants**|Tonbridge Accountants Limited| ||Chartered Accountants| ||27 Old Gloucester Street| ||London| ||WC1N 3AX| Page 1 ## **Pembury School House Nursery Company No. 05392129 Directors' Report For The Year Ended 31 July 2024** The directors present their report and the financial statements for the year ended 31 July 2024. ## **Principal Activity** The principal activity of the company is to provide nursery school facilities for pre-school children. ## **Directors** The directors who held office during the year were as follows: Mrs Samantha Digby-Baker Mrs Kelly Marsh ## **Statement of Directors' Responsibilities** The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board Mrs Kelly Marsh Director 21/11/2024 Page 2 ## **Pembury School House Nursery Accountants' Report For The Year Ended 31 July 2024** ## **Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Pembury School House Nursery for the year ended 31 July 2024** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pembury School House Nursery for the year ended 31 July 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulationsstandards-and-guidance. This report is made solely to the directors of Pembury School House Nursery, as a body, in accordance with the terms of our engagement letter dated 14 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Pembury School House Nursery and state those matters that we have agreed to state to the directors of Pembury School House Nursery, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pembury School House Nursery and its directors, as a body, for our work or for this report. It is your duty to ensure that Pembury School House Nursery has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pembury School House Nursery. You consider that Pembury School House Nursery is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit of the accounts of Pembury School House Nursery. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed ## 21/11/2024 Tonbridge Accountants Limited Chartered Accountants 27 Old Gloucester Street London WC1N 3AX Page 3 **Pembury School House Nursery Income Statement For The Year Ended 31 July 2024** |**Notes**
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Administrative expenses
**OPERATING SURPLUS**
Other interest receivable and similar income
**SURPLUS FOR THE FINANCIAL YEAR**|**2024**
**£**
137,073
(2,687)
134,386
(132,285)
2,101
2,868
4,969|**2023**
**£**
123,872
(1,988)| |---|---|---| |||121,884
(113,585)| |||8,299
1,717| |||10,016| The notes on pages 6 to 8 form part of these financial statements. Page 4 ## **Pembury School House Nursery Statement of Financial Position As At 31 July 2024** |**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**7**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Income Statement
**MEMBERS' FUNDS**|**2024**
**£**
**£**
4,089
4,089
2,214
118,302
120,516
(2,010)
118,506
122,595
122,595
122,595
122,595|**2024**
**£**
**£**
4,089
4,089
2,214
118,302
120,516
(2,010)
118,506
122,595
122,595
122,595
122,595|**2023**
**£**
**£**
4,903
4,903
618
114,421
115,039
(2,316)
112,723
117,626
117,626
117,626
117,626|**2023**
**£**
**£**
4,903
4,903
618
114,421
115,039
(2,316)
112,723
117,626
117,626
117,626
117,626| |---|---|---|---|---| |||4,089
118,506||4,903
112,723| ||120,516
(2,010)||115,039
(2,316)|| |||||| |||122,595||117,626| |||122,595||117,626| |||122,595||117,626| |||122,595||117,626| For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Mrs Kelly Marsh Director 21/11/2024 The notes on pages 6 to 8 form part of these financial statements. Page 5 **Pembury School House Nursery Notes to the Financial Statements For The Year Ended 31 July 2024** ## 1. **General Information** Pembury School House Nursery is a private company, limited by guarantee, incorporated in England & Wales, registered number 05392129. The registered office is Lower Green Road, Pembury, Kent, TN2 4EB. ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have also been prepared in compliance 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 in October 2019, and the Charities Act 2011. The accounts are presented in £ Sterling. ## 2.2. **Going Concern Disclosure** The Nursery is a registered charity and is considered a public benefit entity. The financial statements are prepared on a going concern basis. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. ## 2.3. **Turnover** The Nursery's turnover is derived from fee income for early years education, government funding and fund raising activities. Fee income is measured at the fair value of the consideration received or receivable. Parents are invoiced three times per year in September, January and April and payment is due within 60 days of the invoice date. Revenue is recognised over the period of instruction and is fully recognised at the balance sheet date as all services for the year have been provided at this point. Government funding is recognised in accordance with the accounting policy relating to government grants, as set out below. Fund raising typically involves the sale of small items. Turnover is recognised when goods have been provided to customers such that risks and rewards of ownership have transferred to them. ## 2.4. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 25% reducing balance Computer Equipment 25% reducing balance ## 2.5. **Financial Instruments** The Nursery has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest. ## 2.6. **Pensions** The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme. ## 2.7. **Government Grant** The Nursery receives government funding as part of a national government scheme to provide funded childcare places. The nursery accounts for this funding based on the performance model. The income is recognised when the performance-related condition, being the provision of childcare, is met. Page 6 ## **Pembury School House Nursery Notes to the Financial Statements (continued) For The Year Ended 31 July 2024** ## 2.8. **Cash and cash equivalents** Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## 3. **Average Number of Employees** Average number of employees, including directors, during the year was: 9 (2023: 9) ## 4. **Turnover** All income and expenditure pertains to unrestricted funds. The Nursery does not hold restricted funds or endowment funds and, as a result, there have been no transfers between these categories. Retained earnings at the end of the year represent the total funds of the Nursery, which are all unrestricted. For the year ending 31 July 2024, the Nursery received £80,335 in government funding (31 July 2023: £66,803). There are no unfulfilled conditions attaching to these grants. ## 5. **Tangible Assets** |**Cost**
As at 1 August 2023
Additions
As at 31 July 2024
**Depreciation**
As at 1 August 2023
Provided during the period
As at 31 July 2024
**Net Book Value**
As at 31 July 2024
As at 1 August 2023|**Plant &**
**Machinery**
**£**
24,705
-|**Computer**
**Equipment**
**£**
-
535|**Total**
**£**
24,705
535| |---|---|---|---| ||24,705|535|25,240| ||19,802
1,226|-
123|19,802
1,349| ||21,028|123|21,151| ||3,677|412|4,089| ||4,903|-|4,903| ## 6. **Debtors** |**Due within one year**
Other debtors
.
**Creditors: Amounts Falling Due Within One Year**
Other creditors
Taxation and social security|**2024**
**£**
2,214
**2024**
**£**
1,219
791
2,010|**2023**
**£**
618| |---|---|---| |||**2023**
**£**
1,593
723| |||2,316| ## 7. **Creditors: Amounts Falling Due Within One Year** Page 7 ## **Pembury School House Nursery Notes to the Financial Statements (continued) For The Year Ended 31 July 2024** ## 8. **Related Party Transactions** The Nursery's directors and secretary also act as trustees. The trustee role is voluntary and no remuneration is paid. K. Marsh is also Head of Nursery and was remunerated £21,917 for the role (2023: £20,592). Pension contributions of £470 were also paid (2023: £431). J. Askew is also Office Manager and was remunerated £21,917 for the role (2023: £20,542). Pension contributions of £470 were also paid (2023: £429). There were no employees whose received total employee benefits of more than £60,000. Total expenses of £103 (2023: £164) were reimbursed to one trustee (2023: two trustees) for nursery supplies, meeting and administrative expenses. Tonbridge Accountants Limited were paid £1,440 during the period for accounting services (2023: £1,400), which includes the annual independent examination. No additional services were provided during the period (2023: £300 for Xero implementation and £72 for company secretarial work). ## 9. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 8 ## **Pembury School House Nursery Detailed Income Statement For The Year Ended 31 July 2024** |**TURNOVER**
Fee Income
Funding
Fundraising
Other Revenue
**COST OF SALES**
Purchases
**GROSS SURPLUS**
**Administrative Expenses**
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Travel and subsistence expenses
Rent
Rates
Repairs and maintenance
Cleaning
Computer software, consumables and maintenance
Insurance
Printing, postage and stationery
Postage
Telecommunications and data costs
Accountancy fees
Legal fees
Subscriptions
Depreciation
Entertaining
Sundry expenses
**OPERATING SURPLUS**
**Other interest receivable and similar income**
Interest on short term deposits
**SURPLUS FOR THE FINANCIAL YEAR**|**2024**
**£**
**£**
53,193
80,335
680
2,865
137,073
2,687
(2,687)
134,386
107,247
1,135
1,290
40
13,978
810
265
1,793
863
652
85
-
508
1,440
35
84
1,349
556
155
(132,285)
2,101
2,868
2,868
4,969|**2024**
**£**
**£**
53,193
80,335
680
2,865
137,073
2,687
(2,687)
134,386
107,247
1,135
1,290
40
13,978
810
265
1,793
863
652
85
-
508
1,440
35
84
1,349
556
155
(132,285)
2,101
2,868
2,868
4,969|**2023**
**£**
**£**
52,335
66,803
193
4,541
123,872
1,988
(1,988)
121,884
93,331
962
18
23
8,423
825
2,463
1,670
563
229
380
4
568
1,772
35
84
1,356
484
395
(113,585)
8,299
1,717
1,717
10,016|**2023**
**£**
**£**
52,335
66,803
193
4,541
123,872
1,988
(1,988)
121,884
93,331
962
18
23
8,423
825
2,463
1,670
563
229
380
4
568
1,772
35
84
1,356
484
395
(113,585)
8,299
1,717
1,717
10,016| |---|---|---|---|---| |||137,073
(2,687)||123,872
(1,988)| ||107,247
1,135
1,290
40
13,978
810
265
1,793
863
652
85
-
508
1,440
35
84
1,349
556
155||93,331
962
18
23
8,423
825
2,463
1,670
563
229
380
4
568
1,772
35
84
1,356
484
395|| |||134,386
(132,285)||121,884
(113,585)| ||2,868||1,717|| |||2,101
2,868||8,299
1,717| |||||| |||4,969||10,016| Page 9 ## **Independent examiner’s report to the trustees of Pembury School House Nursery (‘the Company’)** I report to the charity trustees on my examina�on of the accounts of the Company for the year ended 31 July 2024. ## **Responsibili�es and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the prepara�on of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 16 of the 2006 Act and are eligible for independent examina�on, I report in respect of my examina�on of your charity’s accounts as carried out under sec�on 145 of the Chari�es Act 2011 (‘the 2011 Act’). In carrying out my examina�on I have followed the Direc�ons given by the Charity Commission under sec�on 145(5) (b) of the 2011 Act. ## **Independent examiner’s statement** with the examina�on giving me cause to believe: 1. accoun�ng records were not kept in respect of the Company as required by sec�on 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accoun�ng requirements of sec�on 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a ma�er considered as part of an independent examina�on; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prac�ce for accoun�ng and repor�ng by chari�es. I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Laughton Ross BA (hons), FCA, ACII Independent Examiner Tonbridge Accountants Limited 27 Old Gloucester Street, London, WC1N 3AX 22 April 2025