Registered Charity Number 1110218 Registered Company Number 05197009 Barkantine Communlty Nursery Financial Statements and Report 31 March 2024 Page l ot 18
Barkantine community Nursery Financial Statsmont and Report Year to 311¢ March 2024 INDEX Page Reference and Administrative Information Report of the Trustees Independent Accountants Report Profit and Loss Account Balance Sheet Statement of Financial Activities 10 Income Schedule 11 Exp8nditur8 Schedule 12 Summary of Funds 13 Notes to the Accounts 14-18 Page 2 of18
Barkantlna Community Nursery The raport of the tru8tees - Year ended 314t MarGh 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Dlrectors and Trustses: Frederick Quatromini (Chair) Sajida Malik Husnara Khanom Ewa Wiechowska Charity Number: 1110218 Company Numbor: 05197009 Reglstered Office and Operatlonal Address: 105A Melllsh Street, London E14 8PR Manager: Sajida Mallk Bankern: HSBC PIC. Reportlng Accountant N Condron BA FCCA Courtfield House Ross Road Huntley Gloucester GL19 3EU Page 3 of18
8arkantlne Communlty Nur88ry The roport of the trustees Legal Status The charily is an incorporated charity governed by memorandum and articles, There are no restrictions in Ihe govèming document on thè operation of the charity or on its investment powers, other than those Imposed by general charity law. The members of the Board of Trustees of the Charity during the year ended 31 March 2024. were.'_ Frederick Quatromini (appointed 0310712012} Eva wchow8ka {appointed 1410812012} Sajida Malik (appointed 1310612018) Husnara Khanom (appointed 1310612018) All the directors of the company are also trustees of the charity, and their r88ponsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the chariti Act. At the Annual General Meeting retire, but are eligible for reappointment. The mèmb•rs of tho Board of Tru8tse8 of the Charlty at the dato the report and accounts wer• approved were:. Frederick Quatromini (appointed 0310712012) Sajida Malik (appointed 1310812018) Husnara Khanom (appointed 1310612018) Devia Hardayal {appointed 2010512024] Th? organisatlonal •tructur• and how doelslons ar• mad• Truslees meet regularly on a monthly basis to dlscuss and plan objeclives and implementation thereof. Matters ol general concern are raised with all members. The board of trustees meets monthly as a full board. It has established subgroups which discuss the activities llf the tharity in terms of finance, premises and staffing. There is also a standing Gommittee comprised of the honorary offic8rs. The subgroups are serviced. by the, manager. The subgroups make recommerKlations to the board of trustees and monltor operational activities. Staff of the charity have delegated authority to carry out day to day work within policies agreed by the board. Financial standing orders give necessary authorisation of different amounts. Achievement of objectives and VIeW of activities. The activities of the charity continue to expand Page 4 of18
Barkantine Community Nursèry Thè report of the trustees Transactlons and flnanclal poslllon The charities trustees are responsible for the preparation of the accounts. The financial accounts are set out on pages 6 to 17 The financial statements have been prepared implementing the statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales and in accordance with the Financial Reporting Standard for Smaller Entities. The trustees consider the financial performance by the charity during the yaar has b8&n satisfactory. Sharo Capital The company is limited by guarantee and therefore has no share capital. Page 5 of18
Barkantlne Communlty Nurs•ry The report of the trustees Statemont of Dlrectors, and Trustses. Responslb51ities Charity Law and the Companies Acts require Ihe Board lo prepare financial statements for each financial year which give a true and fair view of the state affairs of the charity as at the end of the financial year and of the 8urplus or deficit. In preparing Ihose financial statements the Board is réquired to.. - se18Ct suitable accounting policies and Ihen apply them consistently. make judgements and estimates that are reasonable and prudent., and prepare the financial statemenls on the going concem basis unless it is inappropriale to presume that the charily will continue in business. State whether applicable accounting standards and statements of recommended practice have been followed, subj'ect to any material departures dlsc108ed and explained in Ihe financial statements. The trustees are also responsible for the malntalnlng proper accounting records which disc1088 With reasonable accuracy at any time the finandal position of the charity and whi¢h are sufficient lo show and explain the Charity's transactions and enable them to ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the a88et8 of the charity and henc8 for takn'ng reasonable step8 for the prevention and detection of fraud and other irregularities. Th18 report was approved by the board of tru8tee8 and signed on their behalf by.. Frederick Quatromini Chair Date.. 16 August 2024 Page 6 of18
Independent Examiner's Report on the Accounts Report to the trusieeslmembers of Bark8ntine Community Nursery On accounts for the year ended 31 March 2024 Set out on pages 6t016 Respective responsibilities of trustees and examiner The charity's truslees are responsible for the preparation of the accounts. The charity's trustees conslder that an audit is not required for this year under section 144 of the Charthes Act 2011 (the Charities Act) and that an independent eXaMinatn is needed. It is my responsibilty to,. examine the accounts under sectton 145 of th8 Chanties Act to follow the procedures laid down in Ihe ggneral Diiections given by the Charity Commission (under section 145(5)(b) of the Charltles Act), and 10 stale whether particular matters have come to my attention. Basls of Independent examiner's statement My examination was carried out in aGrdance with general Directions given by the Charity Commisslon. An examSnation incluJes a review of the sccountlng records kept by the charlty and 8 comparison of the accounts presented with Ihose records. It also Includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from tha trustees concerning any such matters. The PTocedurés undertakèn do not provida all the evidence that would ba required in an audlt. and consequently no opinion is given as to whether the accounts present a 'true and fairf vi8w and the report is limited to those matters set out in the ststement below. Independent examiner's stsiement In connection with my examin8lion, no matter has come to my attenlion (other than thal disclosed below); (1) which gives me reasonable caus8 to believe thai in, any material respect. the requirèments., to keep accounting records in accordance wllh section 130 of the Charilies Act., lo prepare accounts which attord wllh the accounting records and comply with the accountsng requirements ofthe Charrties Act have not been met,. or (2) to which, in my opinion. attention should be dr8wn in order to ena e a proper understanding of the accounts to be reached. N Condwon BA FCCA Chartered Certified knxwnta)I 16 August 2024 Page 7 of18
Barkantlne Communlty Nurnory Proflt and L08s Account For the year ended 31•t March 2024 2024 2023 Tumover 853897 782999 Operatlng Costs 885761 828675 Defici•ncy for th• y•ar (31864) (43676) All activitie8 derive from contlnuing operalions The notes on pages 12 to 16 form part of Ihese accounts Page 8 of 18
Barkantlne Communlty Nursery Balance Sheet As at 31 March 2024 2024 2023 Note8 Flxed Assets Intangible assets Tangible assets 10 10839 13539 182 15367 41812 Currnnt assets Debtors Cash at bank 11 4490 30099 305480 2231 361558 363789 Credftors Amounts du8 within one year 12 30 Net current assets Totsl a88et8 1688 current 03980 36228 345792 377656 Credltors: Amounts due after more than one year 13 Net as•ets 345792 37765 Regerve8 Unrestricted revenue resarv8S Restricted furKI Accumulated funds 345792 377856 345792 76 a) For Ihe year ending 31 March 2024 the company is entitled to the exemptlon under Sectlon 477(2) of the Companies Acl 2006 relating to the small companies regime. b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. c) The directors acknowledge their responsibilities for.. l. ensuring Ihat the company keeps accounting records which comply with Section 386; and 11. preparing accounts which glves a true and fair view of the slate of affairs of the company as at the end of the financial year and of its profits or loss for the financial year, in accordance with the requirements of Section 393, and which olherwise comply wlth the requirements of the Companies Act relating lo accounts, so far as applicable to the company. d) The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Approved by the board on 16 August 2024 And siwed on their behalf by Frederick Quatromini........................................ . Dlrector Page 9 of 18
Barkantlno Community Nursery Statement of Flnancial Activities For the year to 31 March 2024 Unrestrlcted Funds 2024 R88trlcted Funds 2024 Total Funds 2024 2023 INCOME Nursery Education Grants Parents Fees Bank Inter83t Tolal Income 321321 529050 3526 321321 529050 3526 302151 479939 909 EXPENDITURE Charitable Expenditure Activities and Materials Amortlsation Depreciation 53594 2700 53594 2700 8190 83596 2700 914 87 Management and admlnlstratlon of the charity Employees Premises Insuran Administration Financial 725506 48862 2330 41754 2825 725506 48862 2330 41754 2825 805930 86651 3828 40456 2700 821277 885761 821277 739465 675 TOTAL EXPENDITURE Deficiency Balance Forward (31864) 377656 (31864) (43676) 377656 421332 Balance FoNMrd 345792 345792 All actlvltles derlve fr¢)m contlnulng oporatlon5 Page 10 of 18
Barkantlne Communlty Nursery Income Schedule For the Year to 31 March 2023+ Unrestrkted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 2023 Nursery Educalion Granl 321321 321321 302151 Fees for Nursery 529050 529050 479939 Bank Interest 3536 853897 3636 853897 909 782999 Page 11 of18
Barkantlne Communlty Nursery Expendlture Schedule For the year to 31st March 2024 UNAESTrICTED TOTAL 2024 2023 EXPENDIIURE Childcaie Stalt Agency Staff Salary Cost 725.506 725,506 605,930 725,506 725,506 605,930 Rent & Rates Heat & Light Cleanlng Malntenance Premlses Costs 26,272 11,162 3,871 7.557 48,862 26,272 11,162 3,871 7,557 48,862 32,782 36.747 3.118 13,904 86,551 Insurance Costs 2,330 2,330 3,828 Telephone & Internet Membeiship Fees Training Postage & Stationery Miscellaneous Offlce Machines Bank Charges Admlnlstratlon Costs 4,890 1,719 16,813 361 15,553 2,418 4,890 1,719 16,813 361 15,553 2,418 5,632 1,831 19,357 286 10,458 2.871 21 40,456 41,764 41.754 Booklng Keeping Accountancy Fees 1,325 1.500 2.825 1,325 1.500 2,825 1.200 1,500 2,700 Chlldcare Equlpment Learnlng Resources Food Protectlve Clothlng Actlvlty & Materlals Chlldcare Costs 7,046 13,417 22,857 3.871 6,403 53,594 7,046 13,417 22,857 3,871 6,403 S3,594 18,906 15,587 21,045 12,482 15,576 83,596 Total Expendlture 874,871 874.871 823.061 PAGE 12 OF 18
Barkantlne Commun5ty Nursery ststement ol Flnanclal Activltle8 For the year to 31 March 2024 Summary of Funds Deslgnatsd Unrestrfctsd Funds Funds 2024 2024 Restrlcted Total Funds Funds 2024 2024 Total Funds 2023 Revanue funds 345792 345792 377658 The notes on pages 12 to 16 fomi part of the80 accounts Page 13 of 18
Barkantine Communlty Nursery Notes to tho Account6 For the year to 31 March 2024 Recognitlon of Uabllltles Liabilities are recognised on the accruals basis in accordance with nonnal accounting principl8S, modified where necessary in accordance wrth the guKlance given in the Statement of Recommended Pr8Ctic6 for Accounting and Reporting issued by the Charlty Commissioners for England & Wales. Charltable Expendltur• Charitable expanditure includes all expenditure directly ralated to the objects of the charity and comprises the followlng: _ Activities in furtherance of the Charity s objectives The costs of activilies in furtherance of the charty's objectives represents the cost of goods and seryices and ancillary trading costs that have been incurred in charitable activities. Support costs of 8Ctwili8s Support C08t8 of activities for charitable purposes comprises the salary cost8 of the Manager and the Associate Manager 88 they are involved with project development and other project costs. There are a number rf costs, including staffing costs, where it is impracticable to allocate these costs between administration and charitable expendituré and the trustee6 have allocated such Costs to management and administration costs. Management 8nd administration of the charity Management and administration c08ts represent expenditure incurred in the managemenl of the charlty's assels, organisational administralion and compliance with charitable and statutory r8quirement8. Allocatlon of cost8 wlthln typ of resources expended The charlty's operating costs include slaff cosls, rent and other related costs. Such costs are allocated between types of resources expended and between charitable expenditure and management and administration on the basis of estimates made by the directors. Administration expenditu includg all expenditure not directly related to charitable activity in respect of certain items of expenditure it is a matter of judgement as to whether such Items a direct charitable expenditure or are adminislrative. And the diroctors have applied what they consider to be reasonable judgement in apportioning such costs Page 14 of 18
Berkantlne Cornmunlty Nursery Notes to the Accounts For the year to 31 March 202* 1 Flxed a88ets and depreclation Depreciation has been provided at the following rates In order to write the assets (les8 their expected residual value) over their eslimated useful economic lives. A gUlar annual review of the likelihood of asset impairment Is undertaken. 25% 25% Office Equipment Furniture and FingS Capltsl Grants The board of trustees considèr that, In order to comply wlth the statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, grants of a capital nature given for specrfic purp08es and fully utilised in the furtherance of the objects of the charity should be credited to the fixed asset funds after the sums have been properly expended on the restricted purpose. The r8laled asset is shown in the balance sheét at Ihe cost of acquisrtion or subsequent revaluation. The related assets are subject to restrictlons by the grant making organisation on their use and disposal, and these restrictions are noted in the fixed asset section of these accounts. The fixed asset fund so created is treated as a restricted fund. Insofar as this policy relates to Government grants then this 18 a departure from the Statement of Standard accounting Practice Number 4 in order to comply with the Statement of Recommended Practice for Accounting arKI R8PQrting issued by the Charity Commissioners for England & Wales. Taxatlon As a registered charity. the company is exempt from Income and corporation tax to the eent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in Ihe relevant costs in the Statement of financial Activities. Funds Structure Pollcy The charity Maintains a general unreslricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance wilh Ihe restrictions placed Page 15 of 18
Barkantlno Communlty Nursery Notss to tho Accounts For the year to 31 March 2024 There is formal policy of transfer batwean funds, other than that described under the Capilal Grants policy above. Any proposed transfer belween funds would b8 considered on the particular circumstances. Winding up or dl88olutlon of the charity If upon winding up or dissolution of the charrty there remain any assets. after the satisfaction of all debts and lisbilltles, the assets represented by the accumulated fund shall be transferred lo Some other tharitable body or bodies having sirnilar objects to the charity. Net Incomlng Resour¢e8 before Transfers 2024 2023 Th1818 ststed after credltlng:. Rov•nu• Turnover from ordlnary activities 853857 782999 and after ¢harging:_ Amortlsation of lease Depreciation 2700 8190 2700 914 Reporting Accountant's fees Thèra is no insurance paid for trustees, to indemnify them in Gase the charity make an error. ststement that no expensos were pald to trusts•s or Connectsd persons No expenses were paid to trustees or connected persons for the period. Analysls ol incomlng ruourc•s and analysls of managemont and administratlon cost The details required by the statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, are shown in the Deiailed Schedule to the Statement of Financial Activities on pages 9 and 10 Staff Costs and Emoluments 2024 2023 Gross Salaries Pensions 718315 7191 725506 599562 6368 605930 Numbers of full time employees were 49 There were no fees or other remuneration paid to the trustees There were no employees with Emoluments in excess of £60,000 per annum Page 16 of 18
Barkantlne Communlty Nursery Notes lo the Accounts For the year to 31 March 2024 R?portlng Accountant's Remunerallon and accountlng services 2024 2023 Reporting Accountant's fees Other accountancy fees 1500 121x1 27 700 Flxed Assets Intsnglble ass•ts Leas• Cost As at 1 Aprll 2023 As at 1 April 2024 30000 30000 Amortlsatlon As at l April 2023 Charge for the year 16461 2700 19161 Net Book Value As at 31 March 2023 As at 31 March 2024 13539 10839 Tangible . fixed a880ts Flxturos & Office Fittings Equlpment Total Cost As at 1 April 2023 Additions 38645 25S24 64269 8106 46751 24 72375 8106 Deprèciation As at 1 April 2023 Charge for the period 37131 8033 7792 157 44923 8190 Not Book Value As at 31 March 2023 As at 31 Marth 2024 2271 471 2742 10. Trade Debtors 2024 2023 Parents F88S 4490 2231 Page 17 of 18
Barkantine Community Nur80ry Income Schedule For the Year to 31 March 2024 11. Credltors: amounts falling duo wlthin one year 2024 2023 Accruals 1500 1500 12. Shar• Caphal The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pourKI as may be required in the event of Ihe company being wound up whilst he or she Is still a member or within one year thereafter. Page 18 of18