COMPANY N(). 05632588
RECilSTERF.D LFlIllllTY NO. 1116160
ABFRDEEN PARKNIJRSERY
(COMPANY LIMITb.'t) Ely GuAIiAN'I'LL.: Wl'i'i i()11 I. SHARF. CAPI'I'AI.)
RF.'PORT AND
FINANCIAL STATEMENTS
'OR'I'I IF YE.AlI ENDI.:D 31 MAIiLH 2024

ABERDEEN PARK NURSERY
INDEX TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page No
Trustees, Amiual Report (including Directors, Report)
Independent Examiner's Report
Statement of Financial Activities (including Income and Expenditure Account)
Balance Sheet
Statement of Cash Flows
10- 17
Notes to the Financial Statements

ABERDEEN PARK NURSERY
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR F.NDED 31 MARCH 2024
The trustees present their annual report and financial statements of the charity for the year ended 31 March 2024.
The trustees have adopted the provision of the Statement of Recommended Practice {SORP) "Accounting and
Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the Memorandum and Articles of Association, the Charities ALt 2011, the Companies
Act 2006 and Accounting and Reporting by Chartties: Statemcnl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland publish¢d in October 2019.
Objeclive andAcllvltlas
llie purposes ofAberdeen Park Nursery and the charilable company's objects. iptclude..
To advance the education of children aged 5 and under in Islington (and su￿O￿ndIn¥ area) by offering play and
learning facilities and ensuring that such play and facilities offer opportunities for all children whatever their
race, Lulture, religion, gender, means or ability.
To offer the opportunity for parcnts to take responsibility and to become involved in the activitics of the
Nursery.
To advancc the education and training of adults in the provision of care, reLfedtioniil facilities for children and
young people.
The main objective of ihe churilable c()mpany i.f iu..
Provide aclivitie¥, which cover all the area5 of learning for children.
The churitable comptiny aims to meet chil(Iren's social, emotional, physical and intellectual needs in a safc, friendly
environment. The charitable Lumpany values parentslcarers input and makes every endeavour to work in
partnership with parents and L¢irers. Children learn by exploringy and developing their interests. The nursery has a
lovely baby room, excitinb garden dnd great fami ly atmosphere.
In shaping the objeclives for the year and planning the charitable company'.5 activities, the members (company
direclors and charity trustees) referred to the guidance contained in the Chariiy Commission'y gyeneral guidance on
public b¢nefil when revicwinby the charitable Company's aims and objectives and in pl<inn ing future artivilies.
H()w Objeclives and Aclivilies Deliver Puhli¢ Benefil
The public benefits of the charitable company are the provision of education to children aged 5 and under and the
advan¢¢menl of education and training of adults in thc scclor. The public benefits directly relat¢ to ihe charitable
company's key objective5. No detrimcnt or harni arises from the charitable Company providing the public benefils.
The public benefits provided by the charitable company are to members of the public and future gcneralions who
are in need uf safe and affordable childcarc. The fee5 generdted from these activities assist the charitable company
with the delivery of its objcctives. The objects and funding limits the services the charitable company provides to
those residents in Islington (and su￿Ound1ng area) but access to the public benefits is not unreasonably restricted.
The main objective is to ensure the nursery is sustainable. Other objectives for 2023 to 2024 and strategies for
achieving the objectives are..
To continue to Secure funding from the London Borough of Islington by fulfilling ihe Service Level
Agreement.
To continue to forge links with the local authority to ensure the nursery is sustainable.
To develop increased parent participation al the nursery.
To continue to upgrade the nursery facilities and reinvest in the nursery.

ABERDEEN PARK NURSERY
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Sirategiesfor Achieving Objectives
The strategies employed to achieve the objectives are:
Offering opportunities for a broad range of pcoplc lo get involved in the nursery and benefit from its facilities.
Celebrating the diversity of cultures in the community.
Monitoring the effectiveness of the nursery's serviLes and procedures.
Encouraging parent participation.
Activiliesfor Achieving Objectives
Activities to meet the needs of the children are provided in all areas of learning as sct out in e￿lY years, foundation
stage, to pruvide care and education for the children attending the nU￿ery. F,xtcrnal resources are ￿tIVelY provided
to broaden the educational programme c.g. music sessions, theatre and museum outings, sports,
Parent participation is encouraged and a room for par¢nts and staff is made available to use for that purpose.
Upgrading of the nursery included garden renovation and internal building refurbishment,
Valtsnleers
Parents are askcd to help the nursery by participating in various activities.
Achlevepnenls and Performance
The nursery has continued to provide a higTrh standard of educational opportunity fur IoLal children and forge 8trong
links with the local community through Piirent Pilrticipation. Children have bcen atlcnding for¢st school every other
Friday, and on .1 uesdays, children enjoy African drumming sessions.
A key perfomiance indicator is thc annual 'Service Level Agreement Monitoring, conducted by Isling>ton Council's
Early Years Children's S¢rviLes Departmenl, a nursery funding body. The nursery is considered lo be consislcntly
Meeting the majority of targets to a hiLih Icvcl.
Aside from retaining a prudent amounl in reserves cach year, most of the charitable company's ￿ndS are to be spent
in th¢ short terni so therc arc few funds for long tern) investment.
In ihe current difficult clirnatc of trying to recruit staff for childcare, the nursery was ablc to employ 3 new member.s
of staff. In tems of staff training, two members of sthff have completed SENCO training and all staff have
completed outdoor play training.
Emily Pelter, who has been a trustee of the charitable company for 9 years, resigned during the year.
Financlal Revlew
Total income and endowment for the year has increased by 13.510/0 (2023.. 2.140/0) and total expenditure for the year
has decrcased by 0.630/0 (2023.. in¢rease by 3.400/0). At the year end the total unrestricted ￿ndS was £635,246 (2023
£542,165), an increase of £93,081 (2023- £27,501).
Reserves Policy
The trustees have established the level of reserves (funds that are freely available) that the charitable company
should hold. Reserves are needed to bridge the gap between nursery spending and receiving resources through
parental fees and grants. Reserves are also held to Cover emergency repairs and expenditure. The nursery's policy
is Ihat the reserves held should be between six and nine monihs of the expenditure.

ABERDEEN PARK NURSERY
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORD (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
At the year end the total unrestricted funds was £635.246 (2023 - £542,165) of which £67,583 (2023 - £31.449) has
been designated leaving a balance of £567.663 (2023 £510.716) which is comfortably in excess of the nursery's
policy.
Principal Funding Sources
Aside from the income generated from fees from parents, the principal funding source for the charitable company is
currently by way of grants for the London Borough of Islington and Department for Education.
Plansfor Future Periods
InstaIlation of a summer house in thc garden
Repainting of the exlcrnal of the building
Garden rv5toration
StatT' undertiiking Level 3 and Level 5 training
S¢ruclure. Gnvernance und Mfinaxemenl
Governing Document
Aberdccn Park Nursery is constituted as a company limilcd by guarantee incorpordted on 22 November 2005
(Registration No.. 05632588). 11 is Lyovcrned by it5 MemordTtdum and Articles ol. Association. It was registered as a
charily with the Charity CommissiL)n on 21 September 20116 (Charity No.. 1116 5 60). In the cvent of the charitable
cumpany bcing wound up, all mcmbers present are required to conlribulc an amount not exLeedingy £1.
Rec'rnitmenl und App()inlmenl of Tru.Ylee,I'
Trustees are past and present. parcnt8 of the Nursery. Recruitmenl is done by advcrtising internally for any
vacancies, and eleLtion at the Annual Generiil Meeting. DBS chccks are catTicd oul on all trustees. New trustees
are adviscd of their legyal obligations under charity and company law. Trustees are encouragcd to attend any
relevanl training to enable them to carry out their role.
TrusleeJ Induc'¢ic)n and Truininx
Tru8tees ¢ire given a copy of the Memorandum and Articles of Association, a copy of Becoming a Management
Committee M¢mber/Trustcc and are given relevant training. All trustees must have DBS clearancc.
Organisalional,glructure
The charitablc company has seven truslees who make all final decisions in regard to Staffing, recruitmcnt, policy
making 41nd financc.
The managerial Structure of the nursery consisls of a manager, deputy manager, two room leaders, five practitioners,
an assistant, an early years teacher and a cook.
Remuneration of Key Management Personnel
The Trustees set pay and r¢muneration of key management personnel on an annual basis, which are based on salary
pay scale nornis in London.

ABERDEEN PARK NURSERY
TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Risk Managemenl
The trnstees are working on a Risk Management strategy, which comprises".
An annual review of the risks the charitable company may face;
Its systems and procedurcs; and
Th¢ impact of future funding and the financial implications on the nursery.
Referenee andAdmlnl.Ilrallve Detalls
Charity regislralion number..
L'ompany regi8trulion mimber..
05632588
Regislered undprincipal oJTice.'
143 Highbury New Park
Highbury
Londun N5 2LJ
Direclors and Truslee
The Board ot" truste¥& cunstitutes directors of the company for the purpose ot company law and trustees for thc
purpose of charity law. The trustees serving during the year and since the year end were as follows:
Emily Pelter - Chairperson
Ddnielle Houghton - Treasurer
Anna Fiona Mcconnell
{resigyned 1010512023)
Maximillian Seldon Whiteford Chairperson from 1910912023.
Shana7. Be&7um
Marivi Garcia-Man7.ano
Anna Baddeley
Leah Kennedy
Natalie Justin De Clement
Vicentc Enrique Miril Gumucio
(resigned 1910912023}
(appointed 1010512023)
(appointed 1211012022, resigyned 2410512023)
(appointed 1210712023)
(appointed 1210712023)
The trustees are elected at the Annual General Meeling. No trustee received any remuneration for services durin8
th¢ year, nor did they have any beneficial int¢r¢s¢ in any contract with the charity.
Company secrelury..
Anna Fiona Mcconnell (resigyned 2810612023)
Maximillian Seldon Wl)iteford (appointed 1010512023)
,Senlor slaffmembers..
Maria Garrido (Manager)
Sarah Taylor (Deputy Manager)
Independenl examiner..
Barcant Beardon Limited
Chart¢Ted Accountants
8 Blackstock Mews
London N4 2BT
Bankers
Lloyds Bank plc
19 Highgate Hill
Archway
London N19 5LS

ABERDEEN PARK NURSERY
TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Siatemenl of the Truslees, Responslbilliies
The trustees (who are also directors of Aberd¢en Park Nursery tor the purposes of company law) are responsible for
PTeparinb the Trustees, Annual Report and financial Statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PTactice).
Company law requires the trustees to prepare tinancial statements for each financial year which give a true and fair
view of the state of affairs of the charitable LOIIIPiiny ilt the balance sheet dat¢ and of the incoming resources and
application of resources. including incomc and expenditure of the charitable company for the financial year. In
preparing those financial statements, the trustees are required to..
Select suitable accountinb policies and then apply them consistently.
Observe the method8 and principle in the Charities SORP 2019 (FRS 102).
Make judgements and estimates that dre reasonable and prudent.
State whether applicable UK Accounling Standards have been followed, subject to any matcrial departures
disclosed and cxplained in the finanLial statements; and
Prepare the financial statements on the gjoing concern basis unless it is inappropriate to presume that the
company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable aLcuracy at
any time Ihe financial position uf the chiiril4ible company and enablc thcm to ensure that the financial statementq
comply with the Companies Act 2006. -fhey are also rcspon8ible for safeguarding the assets ol. thc charitable
company and hence for takinby reasonable steps for the prevention and detection ot fraud and other irre&yularities.
This report has been prepared in accordance with thc special provisions relating to small companics within Part 15
of'ihc Companies Act 211116.
On behalf of the board.
Maximillian Seldull Whiteford - Cha
rpersun
Date..

INDEPENDENT EXAMtNER'S REPORT
TO THE TRUSTEES
OF ABERDEEN PAiiK NURSERY
I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
which are set out on pages 7 to 17.
RespoN.fibiiiile& and basis of rq)orl
As the charity trnstees of the company (and also its directors for the purposes of company law) you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {"the 2006
Act").
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examination of your company's accounts
as carried out under section 145 of the Chartties Act 2011 ("the 201 l Act"). In carrying my examination I have
followed the D1￿CtionS given by the Charity ComTnission under section 145(5)(b) of the 2011 AL*.
Independenl ￿aMiner,.l.f1ale￿￿nl
Since ihe company's gross income exLeeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confinn that l am qualified to undertake the exdmination because l am a mernber of the
Institute ot Chartcred Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confim that no matter has come tu my attention in connection with the
cxamination giving me Liiuse to believe thilt in any material respect..
accountingy record8 were not kept in respect of the company as required by section 3 86 of the 2006 Act. or
the accounts do not accord with those records: or
the aLcounls do not comply with the accouniinLi rcquirements of section 396 of the 2006 Acl other than any
requirement that thc accounts give a 'truc and fair view, which is not a matter considered as part ol. an
independent exdmination,. or
the aLLounts have not been prepared in accordance with the methods and principles of the Statement ol.
Recommended Practice for accounting and reporting by charities applicable lo charities prepuring their
accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
I have no Lonrerns and have come acro.ss no other matt¢rs in conncction with thc examination to which attention
8hould be drawn in this report in order lo enable a proper understanding of the accounts tu b¢ reached.
Shu Fen Chung FCCA ACA
BARCANT BEARDON LIMI'I"ED
Chartered Accountants
8 Blackstock Mews
Islington
London N4 2BT

ABERDEEN PARK NURSERY
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Notes
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Income and endowmentsfrom..
Donations and legyacies
Charitable activities
Investments
14,900
512,375
454
14,900
512,375
454
2,200
462,663
55
Total income and endowments
527,729
527,729
464,918
EYpend1l￿re on..
Charitable activities
434,648
434,648
437,417
Total expenditure
434.648
434,648
437,417
Nel income/(expendi¢ure) and nel
movemenl in Jundsfor iheyear
93,081
93.081
27,501
Reconciliation f)Ifunds
'rotal funds bTought forward
542.165
542,165
514.664
I'otal funds carried forward
635,246
635,246
542,165
The statement of financlal activitics includes all gains and losyes recognised during the year.
All incomc and expenditure derive from rontinuing activities.

ABERDEEN PARK NURSERY
BALANCE SHEET
AS AT 31 MARCH 2024
Notes
2024
2023
FixedAssels
13
680
Currenl assets
Debtors
Cash at bank and in hand
14
8,818
643,989
2,398
556,264
652,807
(17,561)
558,662
(17,177)
Creditors: amounts falling due within one year
Nel Currenl assets
635,246
541,485
Net u.s,iets
635,246
542.165
Ckarily fi und.$
ljnrestricted Funds
Designated Fund5
General funds
16
16
67.583
567,663
31,449
5111,716
635.246
542.165
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 Companies
Act 20116 relating to sm<ill companies.
Directors, responsibilities:
The memberb have not required the company to obtain an audit of its account5 for the year in question in
accordance with section 476;
The directors acknowledgc their responsibilities for complying with the requirem¢nts of the Act with respect to
accounting records and the preparation of accounts.
Th¢se financial statements are prepared in accordance wtth the special provisions of Part 15 of the Companies A¢t
2006 relaling to small companies.
Signed on behalf of the board of trustees
Danielle Houghton - 'freasurer
Date..
17Y JVL4 LO Ly
The notes on pages 10 to 17 form part of these financial statements.
Company Registration No. 05632588

ABERDEEN PARK NURSERY
STATEMENT OF CASH FLOWS
AS AT 31 MARCH 2024
Not¢s
2024
2023
Cashflowfrom operatip7g aclivilies
Net cash provided by operating activities
18.0
87,271
31.440
Cashflow]rcJm invejting activitie.s
Interest income
454
55
Nei incretue in cash and cash equivalenls in theyear
87,725
31.495
Cash and cash equivalents ai ihe beginning of iheyear
556,264
524,769
Cash and cash equivalenls ai the end of iheyear
643,989
556,264
Anaty.fis ofc￿h andcash equivalent,Y
Cash in bank and tn hand
643,989
556,264
C'a.sh and caxh equIvulent￿ ai ihe end ufthe year
18.1
643,989
556,264

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR F.NDF.D 31 MARCH 2024
J.0 Aceounling Pollcies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
l. l General informalion and b(￿ls ofpreparation
Aberdeen Park Nursery is a Company limited by guarantee in Enbyland and Wales and h¢lS no share capital. In
the event of the charity beinbi wound up, the liability in respect of the guaranlee is limited to £1 per member
of the charity. 'Ihe regiislered o￿lCe is 143 Highbury New Park, Flighbury, London N5 2LJ.
'Ihe charity constitutes a public benefit entity as defined by FRS 102. The financial Statements have been
prepared in accordance with Accounting and RcportingF by Charities- Statement of Recommended Practice
applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Slandard
appliLable in the UK and Republic of Ireland issued in October 2019, thc financial Reporting Standard
applicable tn the UK and Republic of Ireland (FRS 102), the Charities Act 201 I, the Companies Act 2006
and UK Generally Accepted Practice.
The financial statements are prepared on a going concem b￿lS under the historic cost convention. The
finanLial statements are prepared in sterling, which is the functional currency ot ihe company. Monelary
amounts in these financial statements are rounded to th¢ nearest £.
Unrestricled funds arc availablc for usc ai Ihc discretion of the twstees in furtheranL¢ of the Eeneral
objective5 uf the Lharity and which have noi been desigynated for other purposcs.
Dcsignated fund8 are unrestriLted funds thtit have been set asidc by the trustees for particular purpo8es.
Restricted funds arc fund8 which are to be u8cd in accordance wilh specific restrictions imposed by donors or
which havc bcen rai%ed by the charity for particular purposcs.
1.3 In¢c)m¢ re¢rJgniliDn
All incoming ￿sOur￿.eS ar¢ included in the Statement of Financial Activities (SOFA) when the charity is
legally entitled to the income after any performance conditions havc bccn mct. the amount can b¢ measured
reliably and it is probable that the income will be received.
For donations to be recogni5ed the charity will have been notified of the amounls and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of perforniance beforc
entitlement can be obtained then income is deterred until those conditions are fully met or the fulfilment of
those condilions is wiihin the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with SORP (FRS 102). Furthcr
dclail is given in the Trustees, Annual Report.
Income trom tradingy activities includes income earned from fundraising cvents and trading activilies to raise
funds for the charity. Income is received in exchange for supplying goods and service8 in order to raise funds
and is recognised when entitlement has occurr¢d.
Income from government and other grants are recognised at fair value when the charily has entitlement after
any perfomiance conditions have been met, it is probable that the income will be received and the amount
can be measured reliably. If ¢nlitlem¢nt is not met then these aTnounts are deferred.
10

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Interest income is recognised when receivable and the amount can be measured reliably by the charity; this is
normally upon notification of the interest paid or payable by the Bank.
1.4 Elpendit￿re re¢ogniliop7
All expendilure is accounied for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is reco￿lS¢d where there 15 (I legal or constructive obligation to
make payments to third parties. it 18 probable that the settlement will be required and the amount of the
oblibyation can be measured reliably. It is categorised under the following headinbFS:
Expenditure on charitable activities comprises those ¢(Trsts incurred by the charity in the delivery of its
activities and services. It includes both costs thal can be allocated directly to such activitie5 and those
osts of an indirect nature necessdry to support them.
Other expenditure represents those items not falling into any other headin&.
Irrecoverable VA T is charged as an expense against the activity for which expenditure arose.
1.5 Supporl c(A$l.s allocalion
Support costs are those functions that assist the work of the charity but do not directly represent charitable
activities and include premiscs overheads, offi¢e, finance governance costs. They are incurred direcily
in support of expenditure on the objects ot the charity. Whcre support costs cannot be directly attribulcd lu
partiLulaT headings they have been allocaled to cost of raising funds and expenditure on charitable activities
on a basis cunsistent with use of the resourLes.
1.6 TangiblL.fixed u.y.fets
I'angible fixed a.&8ets are Cilpitalised at cost and dcpreciated over their estimated useful cconomic lives on a
straight line basis as follows:
Fixtures, fittings & equipmenl
4yea
1. 7 Debiors
Tradc and other debtors arc recognised at the settlement amount, Prepayments are valued at the amount
prepaid.
1.8 C'redili)rs andprovisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of fund5 to a third party and the amount due to sertle Ihe obligation
can be measured or estimated reliably. Creditors and provisions are nornially recognised al their settlement
amount.
1. 9 Pri)vi.Yions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past
vent, tt is probable that an outflow of economic beneftits will be required in settlement and the amount can
be reliably estimaled.
I. 10 Pgnsions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable
are charged in the Statement of fr inancial Activities in the year they are payable.

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
2.0 Crilical Accounilng Estlmalu and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumpttons about the canying amount of assets and liabtlities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are r¢cognised in the p¢riod in which th¢ ¢stimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
p¢riods.
3.0 Incomefrom Donallorts and Legael
Unrestricted Unrestricted
funds
funds
2024
2023
Gifts
14,900
2,200
4.0 Incomefrom Charilable Activille2*
Unrestricted lJnrestricted
funds
2024
21123
Nursery fees
London Borough of l¥lin&yton
Department lor Education
396.556
30.487
85,332
331,858
28,660
102,145
512,375
462,663
5.0 Incvmefrom I￿V￿*￿en1,
Unrestrictcd Unrestricted
funds
funds
2024
2023
Interest on bank deposit
454
55
12

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
O Anulysls of E¥pendllure on Chorliable ALllvitle&
Charitable Activities 2024
Activities
undertaken
directly
Support
costs
Gov¢rnan¢e
costs
Total
Childcare and education
378.236
52,692
3,720
434,648
6.1 Charitable Activities 2023
Activities
undertaken
directly
Support
costs
Governance
costs
'otal
Childrare and education
391,560
42,197
3,660
437,417
6.2 Of the £434,648 expenditure in 2024 (2023 - £437,417), £nil {2023 - £nil) was attributable lo restricted ￿ndS
and £434,648 (2023 - £437,417) was attributable to unrestricted funds.
7.0 Analy.sl,f ofsupporl and Governance co.sl
Support
Governance
costs
Total
2024
Total
2023
Prem i5es
Office running
Finance
Legal and professional
Depreciation
Accountancy
41,510
8.076
89
2.337
680
41,510
8,076
89
2,337
680
3,720
33,080
6,713
88
1.636
680
3,6611
3,720
52,692
3,720
56,412
45,857
8.0 Nel Income/fExpendllure)for the Year
2024
2023
This is stated after charging:
ALcvuntanLy
Independent examiner's remuneration
Depreciation
1,860
1,860
680
1,830
1,830
680
9.0 Tr￿teeY Remunerallun and Expen&es
The trnstees were not paid any remuneration or received any other benefits during the year (2023 £nil).
The trustees were not paid any reimbursement of expenses during the year (2023 - £nil).
No trust¢¢ or other person related to the Charity had any personal interest in any contract or transaction
entered into by the charitable company during the ycar. which are transacted on non-standard business tern]s
(2023
nil). Nursery services are provided to th¢ tNstees or other related party on the same terms as
provided to other beneficiaries of thc charitablc company.
13

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
10.0 Slaff Cosls
2024
2023
Wages and salaries
Social security Costs
Defined contribution pension costs
266.786
17.884
4,909
294,331
23,241
5,517
289,579
47,998
323,089
28,356
Agency staff
337.577
351,445
10. l No employee received remuneration oft. more than £60,000 {2023 - none).
10.2 The total amount of employee benefiLs received by key management personnel is £81,736 (2023 £93,103).
The company considers its key management personnel comprise its Manager and Deputy Manager.
10.3 During the ye¢ir the company paid £47,998 (2023 £28.356) to indepcndent third parties for the provision of
staff.
11.0 Slaff Numben
The average monthly heiid count Wils I I staft. members (2023: 12 staff) and the alieragc monthly number of
full-time equivalent employees (including7 casual and part time staff) durinsy the year was as follows..
2024
Number
2023
Number
Childcare and education Staff
Administrator
8.55
1.00
10.20
1.00
9.55
11.20
12.0 Toratlon
Aberdeen Park Nursery is considered to pass ihc tcsts set out in Paragraph I, Schedule 6 of the Finance Act
2010 and th¢r¢fore it meets the definition of a charilable company for UK corporalion lax purposes.
Accordingly. the Charity is potentially exempt from taxation in respect of income or capital gains received
within categories covered by Chapter 3, Part I l of the Corporation Tax Act 2010 or Section 256 of ihe
Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to
charitable purposes.
14

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
13.0 FLredAssets
Fixtures, Fixtures
and
Equipment
Cost
At l April 2023 and 31 Ma￿h 2024
2,720
Depreciation:
At l April 2023
Charge for the year
2.040
680
At 31 March 2024
2,720
Net Book Value:
At 31 March 2024
At l April 2023
680
I&0 Deblor&
2024
2023
Prepayments and accrued income
Other debtors
3,069
5,749
2,398
8,818
2,398
J5.0 Cre(Ilior.i.' Amountsfalllng due wlthln oneye4r
2024
2023
Trade creditors
Other tax and social security
Other creditors
Accruals
2,890
4,844
4,823
5,004
2,859
6,091
3,800
4,427
17,561
17,177
15

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
I(LO Analysls of Charilable Funds
Unreslrlcled - Currenl Year
Balance Fncoming
l April 2023 Resources
Outgoing
Resources
Transfers
Balance
31 March 2024
General funds
Designated Fund$
Garden restorationldesign
Extcrnal entrdnce upgrade￿xternal
upgrade
Renovation of nursery rooms
510,716 527,729
(434,521)
(36.261)
567,663
2,781
(127)
22,346
25.000
1.085
17,583
13,915
25,000
17,583
542,165 527,729
(434,648)
635,246
Unreslrlcled Funds- Prevlous Year
Balance Incoming
Outgoing
l April 2022 Resources Resources
Transfers
Balance
31 March 2023
General funds
Dcsignated Funds
Garden restorationldesibyn
External entrance upgrade/F.xternal
upgrade
Renovation of nur¥ery r(ioms
479,365 464,918
(433,567)
510,716
6,631
(3,850)
2,781
11,085
17,583
1,085
17,583
514,664 464,918
(437,417)
542,165
Name of&nreslriciedfund
Descriplion, naiure andpurposes of ihefund
General funds
l)esig>naled funds
The "free reserves" after allowing for any designated funds.
a) Ciarden rcstoralionldesign - to restore the exisling giarden.
b) External upgrade - to upgrade the external areas.
c) Renovation of nursery rooms - to improve the facilities of the
nursery rooms.
16

ABERDEEN PARK NURSERY
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
17.0 Anafy￿S of Ne¢ Assets belween Funds- Current Year
Designated
Funds
General
Funds
Total
2024
Tangible fixed assets
Cash in bank and in hand
Other net cu￿ent assets/(liabilities)
67,583
576,406
(8,743)
643,989
(8.743)
67,583
567,663
635,246
Analysts of Ivel As,iels belween Funds - Prevlous Year
De&4ignated
Funds
Generdl
Funds
Total
2023
Tangible fixed asscts
Cash in bank and in hand
Other net current asselsl(liabililies)
680
524,815
(14,779)
680
556.264
(14.779)
31,449
31,449
510,716
542,165
18.0 Reconculallon Ivet jnc(Jm￿ lo Ivel Cash Flow Fmm Operallng Acllvltles
2024
2023
Net inLome for the year
Adjustments for..
Interest income
D¢preciation charge
(Increase)/decrease in debtors
Increasel(decrease) in creditors
93,081
27,501
(454)
680
(6,420)
384
(55)
680
2,901
413
87.271
31,440
18. 1 Analysts of Clianges In Net Debl
At l April
2023
Cash-flows
Ai 31 March
2024
Cash at bank and in hand
556,264
87,725
643,989
19.0 Relaled Party Transaclions
Aside from trustee rernuneration and expenses disclosed in note 9. there are no related party transactions
during the year (2023 none).
17