LANGSTONE COMMUNITY NURSERY (1110089) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Langstone Communlty Nursery (1110089) Contents Page Charity Information Trustees Report Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Lanostone Communlty ￿￿T￿ry {1110089) Charlty Infonnalk•n For The Year Ended 31 March 2025 Mrs Shertdan Dew {Chairperson) Heather Churcher (Secretary) Megan Pople {Treasurer) Rebecca King-Barnard Kerry Deacon lisa Mohr RegiSt•r•d Ollke Axot Road Copnor Portsmouth Hampshl P03 6EY Reglstered Charity Numb•r 1110089 Bank•rs LTSB. Portsmouth P02 OLR Independent Examiner ortavia Huppler M.A.A.T Neon Numbe￿ Llmlted 259 Copnor Road Copnor Portsmouth Hampshi P03 SEE P8ge I Langstone Community Nursery (1110089) Trustees Report For The Year Ended 31 March 2025 TRUSTEES ANNUAL REPOAT FOR THE YEAR ENDeD 31 MARCH 2025 The Trustees present ¢￿ir rekxyt and financial statements for the year erKled 31st March 2025. Obiertive5 and *ctivJtles Nurser¢s objectlve Is to enhance the development and educatlon ol childrÉn urnler Statutory 5cFKY)I age In the local arKI 5urround1￿ community. Nutsery operate5 from two classrooms withln Lan8St¢r* Academv. Achievements and perlornun¢e si￿e openire the nursery In June 2(k75, the Nursery ccmtlnues to 8fOW and expand and runs Irorn classroom5 within the school. We tske children are eliglble for 15 funded hours, 30 fvnded hour5, as well as 2.year-old fur¥Jed children disathiantseed and wc¥ki￿ families, and those paying fees. We ¢)ntinue to wovido a 'Gt)od' rated validation lry Ofsted. we were rtrinspected January 2024, for all the children ar¥J their familles in the l¢xal and Surroundi￿ area. nancial revlew In accLKdance with the Nurserf5 Pollcy. the Tru5¢ees have malfitsined thé approprlate level of re5ervÈs In Its gècoThd bank accc4JnL Thls fund ensures that the Nursery is able to meet the eosts of staff wa8es. rent. service chargÉs arrtl a550ciated c<￿$ fc￿ a perlod of thrÈe morths. Statffii•fit of Trnstee< responslbllltS•5 Charlty law requlre5 the Trustees to prepare financlal 51aternent5 each fiThanclal year whlth shw true and fair state of affairs of the charity and its financlal artlvities for that peri(Kl. In preparing those financial statsments, the TrLStees are required to; Select suitable acc¢xmting policies and then apply t￿Th consi5tefrtlv, Make judgemenfs a￿1 e5tlmates that are reaS￿ble aThJ prudenL slate whether applicable accountln8 stsThdard5 and staternents of recunrner¥Jed pra¢ti¢e have been follty*ed, su￿.eCt to any departures dlsclosed and explair￿d Irb the IIrR￿131 statements Prepare the fIr￿nCIal ststemem5 on the 801￿A c(￿ern basls unless It is Inappropriate to presume that t￿ charity will contlnue In operational existerKe. The Trusttts arè responsible keepir¢ propet accounti￿ records which disclose with reasonable accuracy at any tlme the financial posltion of the charSty ahd to enable ttEm to ensure that the f￿na￿l21 ststements cornply vAth tho Charities Act 2011. They are also ieswtslble for safe8uardSD8 the assets of the charlty and hence for taki￿ reasonable Steps for the prevention and dètectim ol fraud and other irregularitles. Slgned on behalf of the Trustses MSSS Heather Churcher Secretary Date Illoql Is Pa8e 2 Langstone Community Nursery (1110089} Report ol the Independent Examiner For The Year Ended 31 March 2025 I report to the char(ty trustees on my examlnatlon of the atcounts of the company for the year ended 29 February 2024, which are set out on pages 4 Rtsponslbllities and basls of Mport As the charSty trustees you are responsible for the preparation of the accounts in accordance wlth the requlrements of the Charities ACT 2011 1.the Acfl. Havlng satlsfled myself that the tharitie5 accounts are not required to be audlted under Part 16 of the 2006 Art and are eligible for independent examinatlon. l ￿port in respect of my examlnation of your charlties accounts as carrted out unt1er sectton 145 of the Charities Act 2011 {'the 2011 Act'}, in carrylng out my examination I have followed the Dlrectlons given by the Charity Commisston under sertion 14515) Ib) of the 201 L Act. Indépendent èxamine￿$ Statement I have completed my examlnatlon. I confirm that no matters have come to my attentfon In connect5on wSth the examlnatlon givlng me cause to believe that in any materSal respett: Accountlng records were not kept In respett of the company as requI￿d by section 386 of the 2006 Act- or The accounts do not accord wlth those records. or The accounts do not comply wSth the accounting requSrements of secbon 396 of the 2006 Att Other than any requirement that the accounts give a 'true and fair vlew, whlch is not a matter consldered as part of an independent examlnation; or The accounts have not been prepared In accordance with the methods and prfjnciples of the Statement of Recommended practi￿ for accounbng anij rerx)rtlng by charities lappllcable to chèrities preparing their accounts In accordan￿ wlth the FSnancial Reporting Standard appllcable In the UK and Republic of [￿land IFRS 102)]. I have no concems and have come across no other matters In connectlon with ihe examination to which attention should be drawn Sn thls report in order to Ènable è proper understandlng ol the accounts to be reached. OctavSa Huppler M.A.A.T Neon Numbers Limited 259 Copnor Road Portsmouth Hampshlre P03 SEE Date.. Pa8e 3 Langstone Community Nursery (1110089) ststement of Flnanclal Actlvltles For The Year Ended 31 March 2025 2025 2025 2025 2024 lJnre$trietéd funds Totsl fund$ $ regtated Totsl funds Income Grant Income - PCC Funding 210.413 210,413 183,773 Grnnt Income - One to One Funding 6,802 6.802 Fundralsing Income 165 Fee5 7.853 Totsl incoming resources 217.215 7.853 225 068 204.930 Expenditure: Materia15 & supplies 5.320 5,320 3,199 Equlpment 1.308 1,308 subscrip￿on {Tapestry) 288 288 264 6.916 6,916 Administratlv• Exp•nses: Wages and 5Jlaries Employers pension5 - ijeflned contrlbutlons scheme 178,042 178,042 167,472 3,196 3,196 5,527 Staff training & matsriJls 1.130 1.130 468 staff DBS checks 479 479 173 Rent 22,570 22,570 21.012 Rates 1,780 Insuran 519 519 1,194 PrIn￿n0. postage and statlonery 320 320 Phone & Internet 1,932 1.932 1,943 Independent EXamIna￿On Fee 180 180 Accountsncy fees 1.020 1,020 932 Professional fees 945 945 Subscriptions 1.497 1,497 795 Bank charyes 109 109 103 Sundry expenses 534 SM 211 273 212 473 202 678 Net incomel{expendilu￿j 974 6.653 5,679 1,211 Ixher Int•r•st recelvabl• and similar income Bank interest receivable 430 430 478 Net Mov•m¢nt in Funds for the year 974 733 Total fvnd$: Balanc• brought forward Balance carrlad forward Langstone Community Nursery {1110089) Balance Sheet As At 31 March 2025 2025 2024 •$ réstated CURRENT ASSETS Debtor5 2,501 Cash at bank Jnd in hand 178.076 81,248 180,577 81,248 Crèditors: Amount• Falllng Du• Wothln On• Year 106,997) (13 777 NET CURRENT ASSETS {UABILITIES) 73.580 67,471 TOTAL ASSETS LESS CiIRRENT LTABILITIES fund• of the Charlty: Restrfrted Income fvnds 66.497 46,479 Unrestrirted funds Totrl funds The members have not requlred the company to obtsin an audit in accordance with sectlon 476 of the Componle5 Act 2006. Signed by one trustees on behalf of all the trustee5 Signature Date of approval ddlmmlyyyy Print name The notes on page 6 form part of these hnanclal statements. Langstone Communlty Nursery (1110089) Notes to the Flnanclal Ststements For The Year Ended 31 March 2025 l. A¢¢ountlng Pollcles 1.1. Basls of Preparation of Financlal Ststsments The flnanclal statements have been prepa￿d under the historical cost convention and in accordan￿ with Flnanclal Reportlng Stsndard 102 sertlon IA Small Entlifjes 'The Financlal Reporting Standard appllcable in the UK and RepublSc of Ireland" and the Statement of Recommended Pract1￿. Accounting and Reporting by Charities p￿parIng thelr accounts In accordance wlth the Nnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. 1.2. Change of accountlng policy The accounts present a tnje and falr vlew and the actounbng policies adopted a￿ those guuined in note11.11. The cha￿ty adopted a change In accountSno rx)Ilcy In the year moving from cash to accruals basi5. due to an Increase in turnover exceeding £250,000, the charlty has therefore prepared the accounts under the at¢ruals basis and adoptfjno SORP regulatlons. An a¢lustment totalling £13,777.81 was required to the opening balances as follows- intfyase in creditors: £13.000.79 other credltors. £545.67 penslons payable, £592 accountsncy accrua15 and increase in debtors £360.65 unrecorded bank Interest. Recondllatlon of funds per previous GAAP to funds deterniined under FRS 102 Start of perlod Fund balaThce5 as prevlously stated 81,248 Adjustments.. Other Creditor5 Pensions Payable Accountancy accnjal Bank 13,001 546 592 361 Fund balance as restatèd 67,471 Reconciliation of net income/(net expendlture) per prevlous GAAP to net Income/(net expenditure) under FRS 102 End of perlod Net 1ncomel(expenditu￿) as prevSously ststed 13,044 Adjustments- Wages cost Pensions cost Accountanty fees Bank Interest 13.001 546 592 361 Prevloug perlod n•t Incom•l(•xp¢nditsr¢) a$ re$t*d 734 2. Analysls of Income Ilnr¢strirted nds R•strlctad income funds Last y￿r as Total funds Anal sis General grants rtyvided by governmenvother charities Fundraising Donations and legacies: 217 215 217 215 183 773 CharStable attSvStSes: 165 Other tradSng actlvltfjes: Fees Totsi 217,115 225.068 204,930 Income from Investments: Interest Income 430 430 430 430 478 478 Totsl 10. Cash at bank and In hand This y￿r Last year as Short term deposlts 39.015 38.584 Cash at bank and on hand 139.061 other Total 178 076 81.609 11. Charity Funds: Fund balances brought lon¥ard Fund balances drri forward Type PE. EE Ror VR* Incomè Expendlture Transferg Fund names Pur se and Restrirtion5 PCC Early EducatrJon FuDdiD PCC Speclal Educational Needs & DSsabilities Indusion Fund Provide early education to 2. 3 and 4 ear olds. Thos fund Is for eady years provlders to use to support children wlth disabllStSes or specsal educational needs (SEND) by rovidin actrss and su ort Fund held to support winding down the chari Restricted 209 983 211 387 Restricted Polic Reserve Resirirted 430 This fund is unrestricted and can be utillsed as r the needs of the chari Unrestricted Fund Unrestricted Other funds Total Funds 225 498 219 389 12: Transactions with trustees and related partles: None of the trustees have bèen paid any ￿muneration or re￿1Ved any other beneflts from an employment wlth their charity or a related entity In the current and p￿VIouS accounting year. 2.1 Analysis of recelpts of government grants This y•ar Descri tion Portsmouth City Council Earfy Edvcation Fundlng Government grant i 210 413 Government grant 2 Portsmouth City Council Special Educaisonal Needs & DlsabillUes Inclusion Fund {SENDIF+) 6.802 217.215 Total Last year as restated Descr& ion Portsmouth City Couol - Early Education Funding Government grant i l74._588 Govemment grant 2 Portsmouth City Counci5 - Speoal Et1ucational Needs & Disabilities Inclusion Fund ISENDEF+) Totsl 183 773 3: Analysis of Expenditure Thi5 year Last year as restated Restricted Income lunds Unrestrlcted Restrkted funds incom• funds Unrestricted funds Analy51S ndotyre on ralsln Expenditure on charitable activities: Materlals & Supplies Total fvnds Totsl funds Appllances and Furnlture Subscription (Tapestry) Wages & Salaries 288 264 264 178 042 178 042 167 472 167 472 Employer Penslons Staff TralnSng & Materlals 468 Staff D8S Checks 479 479 173 173 Rent Insuran 519 519 Printingi Postage and Ststionery 320 320 Phone & Internet Subscriptions 795 795 Bank Charges 109 109 103 103 Sundry Expenses 535 535 Professional Fees 945 945 Total expenditUTe on charitable activities 218 191 218 191 205 OZ9 Separate matrrial item of ex ense Prior year adj'ustments Total Other Accountancy Fees 932 932 Independent Examination Fees 180 180 180 180 360 Tax Invesbgation fee 148 148 Total other expÈnditure 180 TOTAL EXPENDITURE 205 209 4. Average Number of Employees Averdge number of employees. Indudlng dlrectors. during the year was.. 812024: 8) 5. Breakdown of wages and salarles Thi$ year Last year as reststed Salaries and wages 178.a4? 167.472 Penston costs (defined contmbution scheme) 5.527 Total staff costs IAI.238 172.949 6. Defined Contribution pension scheme Thls ear Last year as rÈ5katsd Amount of contrfbutions recognlsed in the SOFA as an expense 3.196 Please explaln the basis for allocating the Ilability and expense of defined contrtbution pension scheme between attlvltles and between restTiCted and unrestricted funds. All pensions are deducted from ￿Stricted Portsmouth City Council funds. All penslons are deducted from restrirted Portsmouth City Coullcll funds. 7. Detsils of certain items of expendlture Last year as Thls yaar Independent examinerfs fee5 180 180 other fees (for example: financlal advlce, consultanryi accountanty serv1￿) pald to the independert examlner 1,020 932 8. Debtors Th1* y••r Last year as Due withln one year Prepayments 2,501 9. Creditors: Amounts Fallrng Due Within One Year Thls year Last year as restated Deferred income Accruals 592 Other cre¢1itors (wages payment to PCC) Penstons payable 620 545 Thtal 106 996 9.1. Detalls of deferred income.. Deferred Income ￿lateS to a grant recelved In advance by Portsmouth Clty Councll for Early Ed￿￿tIOn Fundlngl the period the grant relates is 01.U4.2025 to 31.08.2025 and wa5 received by the charlty In March 2025. Thetp wa5 no deferred incorne Ilabi15ties In the previous year. therefore the hos been no 3ddltional movement in the year.