COMPANY No. 05632588 REGISTERED CHAJUTY NO. 1116160 ABERDEEN PARK NURSERY (COMPANY LED BY GUARANTEE WrrHOUT SHARE CAPITAL) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ABERDEEN PARK NURSERY INDEX TO FTNANCTAL STATEME?s FOR THE YEAR ENDED 31 MARCH 2025 Page No Trustees. Annual Report (including Directors, Report) tndependenl Ex8miner's Report Statement of Financial Activiiies (including Tncome and Expenditure AccoDnt} Batance Sheet Sthtement of C4sh Flows 10-17 Notes to the Financial Statements
ABERDEEN PARK NURSERY TRUSTEF.S' ANNUAL REPORT (INCLUDTNG DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Irustees present their annual reporl and financial statements of the charity for the yVdT ended 31 March 2025. The trustees bave adopted the provi¥ion of the Stsiement (pf Recomrnended Practice (SORP) "Accounting and Reporting by Clwities" (FRS 102) in prqwing thc annual report and financial statements of thc Lbarity. Thc fmancial statcmcnts havc becn prepared in accordancc with thc accounting policies set out in notes to the accounts. and comply with thc Memornidurn and Articlcs of Association. the Charities Act 2011. the Companies Act 2006 a1 Accountittg and licpnrting by Cbariries: Ststcmctrt of liccommendcd Prnctice applicablc to clwritics preparing their accounts in accordancc with the Fin3ncial Rq)orting Standard applicable in the UK and Kepublic of Ireland published in October 2019. Objeclive andAclivilies Thepziipose.r ofAheith?eii Park NuFseary' ihe ch0171oble )mPaV J objects 1Cde.. To advaT]ce the education ofchildren aged 5 and under in tslington (and sum)unding area) by olTering play and learning facililies and ensuring thai such play and facilities otrer opportunilies for all children what¢vcr th¢ir ra¢e. culture, religion. &¥¢ndeT. means or ability. To offcr the opportunity for parents to tske responsibility and to bQme involved in the activitics of the Nursery. To advance the education and training of adults in the provision of car¢. Tccreational facilities for childmi and young PLopIc. The niain objeclive ofihe charitable cwmipany is lo." Provide activities. which cover all the areas of learning for cbildren. The ¢hariLgble company aims to meet children's social. emotional, physical and intellectt]al need5 in a safe. friendly environment. The charitable compaoy values parenL%lcarers input and makes every endeavour to work in partnership with parents and carers. Children learn by exploring and developlng their interests. The nursery has a lovely baby room, exciting garden and gt family atmosphere. In shaping the objectives for the year and planning the charitable company's activiliffj the members (company directors and charity trustccs) rcferred to the guidancc containcd iii the Charity Comrnission's gencrdl guidancc on public bencfit whcn reviewing the charitable Compa.8 al and objecliiies and Kn planning future activities. How Objeclivdg andAclivilies DeliverPublic Benefii Thc public bLnefits of thc charitable company are the provision of education to childrcn aged 5 and undcr and the advancement of cducation and tTaining of adults in thc sector. The publiL bLfIts dircctly rL.latc to the chaTitable company'8 key nhjer.tives. No detriment or harn? ariw from the charitable company providing the public benefits. The public benefits pmvidcd by the chaTitable cunw aTe to membeTS of the pthlic and fitttwe gcncrations who are in need of safe and affordablc childcare. The fees gencrnlcd from thL%e aclivities assist the clwitablc cornpany with the delivcry of its objectives. The objects and funding limits the scrviccs thc charitabl¢ compally provides to Ihose residents in Islington (and surrounding ar) but access io the public benefits is not unr¢&sonably r¢stri¢t. The main objective is to cnsure the nursery is suslainable. Other obje¢tiv¢s for 2024 to 2025 and slrategtes for achicving thc objectivcs are.. To con¢inu¢ to securc funding from Ihe London Borough of islington by fulfilling the S¢rvice Levcl Agreement. To continue to forge links with the local authority lo ¢nsure the nursery is sustainable. To dcvelop increas¢d parent participation al the nurscry. To continue to upgrade the nursery facilities and reinves1 in the nursery.
ABERDF.EN PARK NURSF.RY TRUSTEES. ANNUAL REPORT (JNCLUDING DIRECTORS. REPORT) (Continued) FOR THE YEAR ENDED 31 MARCH 2025 stratee,*fr Achieving Ohjeciiv The strategies employed achieve the obje£tives are: Offering opportunities for a broad lange of people to gct involved in the nursery a1 benefit from its facilitics. CelLbrating the diversity of culturcs in the community. Monitorin¥ the effectiveness of the nuw's services and procethues. EncouTa8ing parent Emrticipation. Aclivi£iesfor Achieving ObjeL'lives Activities to rnyet the needs of the children 3Te provided in all arcas of l¢arning as set out ID early years. foundation srage. to provide carc and cducation for thc cbildren attending the nurscry. External rcsourccs aTe activcly provided to broadcn thc educational progrdmmc e.g. music se&sion& theatre and museum outings, sports. Par¢nt participation is ¢ncouragcd and a room for parents and staff is madc available to use for that purpos¢. Upgrading of th¢ nur6¢ry included garden rcnovation and inlcrnal building [biShMent. Voltsnleer Parcnts are asked io help the nurw by participating in various activities. Aehievements and Performance The nursery has continued to provide a high standard of educational opportunities for local children and Lontinues to forgL strong liaks with th¢ conununity through colluDunity initiatives. Children attend forest school every other Tuesday that is Tull by the Comn1ty partnership programme. Childrai take part in vaTiOUS external agcncy activities.. Mondays is Phoni¢4 every other Tuesday is Edible gardens and Clays¢hool, and on Thursdays is African dThmming. A kcy perforn]ancc indicator is thc annual 'Service Levcl AgryeCnI Monitoring, conductcd by Islin¥ton CouncAI's Early Ycars Children's Services DepartmenL a nursery funding body. The nursery is considerd to be consistently meeting the majority oftargeLs to a high level. Aside from T¢taTrning a prndent amounl in reserves each year. most of the charitable company's funds are to be spent in the short term so there are few funds for long term investmenl. In ternis of staff training Iwo members of staff are studying Level 3 Cbildcare and education and level 5 Leadership and managemcnt. All staff havc cortwlcted the stratutory training required Staff rL"tcntioll rcmains a challcngc in thc Lurrent climate. FihaRciqlReview Total income and endowment for the year has increased by 20.38 /D (2024: 13.5 l /) and total expenditure for the ycar has increased by 12.33 /D (2024.- decrease by 0.63 /). At the year end the lotal unrestricted fuiids was £782.322 (2024- £635,246). an increase of £147.076 (2024- £93,081). ReserveJ PoliLy The twslees bave establishcd the level of r¢s¢rves (funds that are freely available) thai tbe charitable company should hold. Reserves are n¢eded to bridge ihe gap between nursery spending and [e1Ving resources through pareiiial fees and granls. Rc5erves ar¢ also held lo cover emergency repairs and expendilure. The nUry.8 policy is thal ihe reserves held should be between six and nine months of the expenditure.
ABERDEEN PARK NURSERY TRUSTEES. ANNUAL REPORT (TNCLUDING DIRECTORS. REPORT) (Continued) FOR THE YE.AR ENDED 31 MARCH 2025 Ai the year end the total unrestriL*ed funds was £782.322 (2024- £635246) of which £49,907 (2024- £67.583) has been designated leaving a balance of £732,415 (2024 - £567,663) which is comfortably in excess of the nursery's policy. Pi'iiicipal Fundiiig Sources Asidc from the income generdted frofft fees from par¢nts, thc piincipal fi1g sourcc for the clmritablc company is currently by way of 8Tants for the London Borough of Islington and Department foT Education. PlaIr Futhre Periods Rcpainting of the external of the building Garden reslordtion is ongoing Staff undertaking Level 3 and Level 5 Irdining is ongoing Redecorating of internal areas Siructure, Governance dnd Management Governing Dociiment Aberdcen PaTk Nursery is constitutcd as a company lirnilcd by guarantee incorporntcd on 22 Novembcr 2005 (Registration No.. 05632588). It is gov¢rned by its Memordndum and Articles of AoCiatiOn. It w&$ registered as a charity with the Cbarity Comrnission on 21 Scptrmbcr 2006 (Charity No: l 116160), In the cvcnt of thL Lharilable company being wound lip, all membeTS present are required to contribute an amount not exceeding £1. Reciwitn7eKI aiid Appoinlment of Tr?Islee Tru81e¢8 are past and present parents of the Nursery. R¢cruilmenl is done by advertising intemally for any vacancics, and clection at the Annual Gcneral Meeting. DBS cbecks caTri¢d out on all trustees. Ncw trustees are advised of their legal obltgations under chaTity company law. Trnstees are encouraged to attend any relevant trainiDg to ellable them to out their Tole. 11Stees Induction and Training TTUStecs are given a copy of the Mcmorandum and Articles of Association. a copy of Bccoming a Managcrncnt Cornmittee Mcmberrrrstee and are givcn rclevant training. All trustees must have DBS cleaTaDCe. Organisalional Struclure The cb8ritable company seven trustees who rnake ali decisions in regard to 5taffin& recTuilment. policy making and fiDanLe. The managcrial structuie of the nurscry consists of 3 manager, dcputy TThaTger. two room leaders, five PTactitinners, an assistan¢ an early years teacher and a cook. Reniun¥ratioii oJ'Key Managemeni Personnel The TTUStccs set pay and r¢muneration of key magement peT50nnel on an annual basis, whiGh based on salary pay scalc norn)s in London.
ABERDEEN PARK NURSERY TRUSTEES. ANNUAL REPORT (TNCLUDING DIRECTORS. REPORT) (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Risk Manageinent The IntS arc Working on a Risk Management strategy. which comprises: An annual review of the risks the charilablc company may face- Ils systems and procedure5- and Thc impact of future funding and the financial implic*ions on the nursery. Reference andAdministralive Detoil Charitjy regishation nuniber.. 1116160 Compaiiy regisÈratlOJ7 Jzuniber.. 05632588 Regislered uiidpriiicipal office.. 143 14ighbury New Park Highbury London N5 2LJ Directorn and Trustees The Board of tSteeS constitutes directors of the company for the purpose of company law and trustees for the purpos¢ of charity law. Th¢ Inislecs SCTving during the year and Sin the year end were as follow& Maximillian Seldon WThitvford- Chairperson Danielle Houghton- Treasur Shanaz BLgutn M1VI Garcia-Man2ano Anna Baddeley Natslie Justine De Clemiont Viccnte Enrique Mira Gunwcio Clare Catherine Sanford Emmeline Jes&ica Buckley resigmed 24 July 2024 resigned I l October 2024 appointed 13 Novemb¢r 2024 appoinled 12 March 2025 The trustees are elected at the Annual General Meeting. No trustee received any rcmuneration for Services during the ye&r, nor did tbey have any beneficial interest in any eonirncl wilh the cbarity. Cornpuny &eL'retary.' Maxlmillian Scldon Whiteford Anna Baddeley resigned 13 November 2024 appDintcd 13 Novcmbcr 2024 Senwrstafj members." Maria GaTTido (Manager) Sardh Taylor (Dcputy Manager) IndepeNdenl £iaminei': Barcant Beardon Limited Chartered Accountants 8 Blackstock Mews London N4 2BT Bankers Lloyds Bank plc 19 Highgate Hill Archway ndonN19 5LS
ABERDEEN PARK NURSERY TRUSTEES, ANNUAL REPORT (fNCLUDtNG DIRFCTORS. REPORT) (Continued) FOR THE YEAR ENDED 31 MARCH 2025 StalemeRt ofihe Trmstees, Responsibililies The trnstees (who ar¢ also directors of Abcrdecn Park Nurscry for the purposcs of company law) are responsiblc for preparing the Trustees, Annual Report and financial statements in Kcordan¢¢ with applicable law and United Kingdom AcLounting Standards (Unilcd Kingdom G¢n¢rdlly A¢cLwtd A¢¢ou#ting Prd¢ti¢e). Company law requires the trustees to prepa financial stafrmcnts for each f)n8n¢ial year whi¢h ¥ive a true and fair view of the state of affairs of the clwitable company at the balallce sheet date and of the incoming Tesources and application of resources. including iticome and ¢xpenditure of the Charitable company for the financia] year. In preparing those financial statements, th¢ Inte¢S ar¢ requir¢d to: Select suitable accounting policies and then apply thn ¢onsislcntly: Obserye the meiliods and principle in Ihe Charilies SORP 2019 (FRS 102)" Makc JUdgn¢ntS and cstimates that arc rcasonable and prndcn¢ State whether appli¢ablc UK Accounttng Standards have been followed. subject to any material departurcs disclosed and explained in the financial statements; and Preparc the financial statements on thc going ¢oncern basis unless it is inappropriate I'o presume that the company will continue in business. The trLCeS arc responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the finaiicial position of the charitable Company and enable them to ensure that the financial statements coniply wilh the Companies Act 2006. They arc also responsibl¢ for 5afesuarding the assets of ihe charitable coinpally and hence for taking reasonable steps for th¢ prevention and detection OF fraud and other irregularities. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Conwanies Act 2006. On behalf of the board. Maximillian Seldon Whileford- Chairperson Dat¢:
DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABERDEEN PARK NURSERY I report to the charity trusiees on my examination of the a¢counts of the wmpany for the year ended 31 March 2025. whith are set out on pages 7 to 17. Respon&billiies and b813 olreport As the charity tnJst¢e5 of thc cornpany (and also its directors for the purposcs of company law) you are Tesponsible for the preparation of the accounts in accordance with the rquircmcnts of the Companies Act 2006 ('Yhe 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 examinatio I report in respeci of my examination of your company's ac¢ounts as carried out under section 145 of the Charitics Act 2011 ('%he 2011 Acl"). Tn carying my exarninaiion I havc followed the Directions given by the Chariiy Commission under section 145(5)(b) of the 2011 Act. Independenl rtraminer's slalemeN¢ Since the eompany's gross income excccded £250,IIXI YOUT examiner must bc a member of a body listcd in section 145 of the 2011 Act. I Lonfirn that l atn qualified to undertake the examination because I am a member of the Institute of Cbartercd Accountsnts in EnglaThl and Wales, which is on¢ of the listcd bodies. I have completed my examination. I confirm tb8t no mattcr Con to tny atltiOn in connection with the cxaminalion giving me cause lo believe that in any material speCt. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those records" or the accounts do not comply with the accounling requ1remeft of section 396 of Ibe 2006 Act oiher than any requirement that the accounts give a 'true and fair view. which is not a matter consid¢red as p4rt of an indep¢nde]]t examination; or the accounts have not been prepared in 2ccordanc¢ witb the rnethods and principlcs of the Statement of ReLommended Practice for accounting and reportitig by L.harities applicable to charities preparing their accounts ID accordance with the Fin1claI Reporting Standard applicablc in the UK and Republic of Ireland {FRS 102). I havc no concerns and have come across no other marters in connection with the examination to which attcntion should bc drawn in this rLport in oid¢r to cnable a proper und¢Tstsnding of thc aLcounts to be reached. Shu Fen Chung FCCA ACA BARCANT BEARDON LIMITED Clwtered Accountants 8 Blacksto¢k Mews Islington London N4 2BT
ABERDEEN PARK NURSERY STATEMETrU OF FTNANCTAL ACTIVITtES (tNCLUDING TNCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Notes Unffstri¢t¢d Funds 2025 Tothl Funds 2025 Total Funds 2024 Income and eBdawmeplsfroni" Donation5 and legacies Charitable activities Investments 3,987 630.722 593 3,987 630.722 593 14,900 512J75 454 Total income and endowments 635,302 635,302 527,729 Expendilure on.. Charitable a¢tivAlies 488.226 488226 434,648 Total ¢xpenditure 488,226 488226 434,648 Net income/(&rpeiidlthre) and net movemenl infvndsfor ihe year 147,076 147,076 93.081 Reconciliation offunds Total funds brought forward 635.246 635,246 542,165 Total fimds carticd forward 782,322 782,322 635246 The statement of finanoial activities iu¢lud¢5 all gain5 and103ses Tecognised during the year. All incomc and expenditure dcrive from continuing activities.
ABERDEEN PARK NURSERY BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 FixedAssets T#Dgible fixed assets 13 13.556 Current assets Debtors Cash at bank and in hand 14 5,716 784,813 8,818 643.989 790,529 (21,763) 652,807 (17,561) Creditors: amounts falling due within one year 15 Net CUPTenl assels 768,766 635,246 Nei ussets 782.322 635.246 Charity Funds Unrestricted Funds Designa*d Funds G¢neTrl Funds 16 16 49.907 732,415 67,583 567,663 782,322 635246 For the year ending 31 March 2025 the company was cnlitled exemption from audit under sli0n 477 Cornpanles Act 2006 relating to small companies. Directors, responsibilitie5: The memlxrn have not required the company to obiatn an audit of its aGcounts for the ycar in (wcstiOD in ac¢ordaoce with section 476; Th¢ dir¢¢tors acknowlcdge their resEx)nsibilitics for cornplying with the requirements of the Act with respeci to accounting records and the preparation of accounts. These finan¢ial statcments arc prepared in accordan with the special PTOViSiOllS of Part 15 of the Companies Act 2006 relating to small compaDleS. Signed on b¢half of the board of trustees Natalie Justine De Clern]ont Dai¢: (J2 (Ji .£fi The notes on pa8 10 to 17 forni part of these financTal statements. Company Regibtration No. 05632588
ABERDEEN PARK NURSERY STATEMENT OF CASH FLOWS AS AT 31 MARCH 2025 Notcs 2025 2024 L"dsliflowfrom operaling activilioy Net cash provided by operating activities 18.0 154,333 87271 Caghflowfrom invesliiig aclivilies Interest income Purchaye of tangible fixed as5els 593 (14.102) 454 (13.509) 454 Net inLrease in cosh and Lash eqtsivalents in iheyear 140,824 87,725 Cash ¢d cash equiwlents af the beglnning oftheyear 643.989 556.264 Cash and cash equivalents at ihe end oftheye 784,813 643,989 ApJalvJis ofcash and cash equivalenl.Y Cash in bank and in hand 784.813 643,989 Cash and cash equivalents at the end oftheyear 18.1 784,813 643.989
ABERDEEN PARK NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.0 Attou•ftng Polleles The principaI accounting policics adopted: judgements and key sthtrccs of cstimation uncertainty in the preparation of the financial statcments are as follows: l.J Genernl informotEon and b< ofprep(4ralion Ab¢rdecn Park Nursery is a company limited by guaranice in England and Walcs and has no share capitsl. In the event of the charity being wound up. the liability in r¢spe¢t of the guarantee is limited to £1 per member of the charity. The registered office is 143 Highbury New Park. Highbury, London N5 2LI. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prwred in &ccordanGc wilh Accounting and Reporting by Charilies.. Statement of Recommend¢d Praclice applicable lo charities preparing theiT accounts in accordance with thc Financiul Reporting Stsndard applicable in th¢ UK and Kcpublic of Ireland issued in OCber 2019, thc Financial Reporting StaDdaTd applicable in the UK and Rcpublic of ircland (FRS 102), the Charilics Act 2011. the Cornpanies A¢t 2006 and UK Generally Accepted Pra¢li¢e. The financial statcm¢nts are PTepaTcd on a going concern basis under the historic cost conv¢ntion. The fin¢m¢ial statements arc pfcpaTed in sterling* which is th¢ functional cuttency of thL cornpany. Monctary arnoun in these financial statemeTJls are rowided to ihe nearest £. Fund accouiiting Unrestricted funds are available for use at th¢ dis¢TetioD of thc trustees in fie[ance of the general objective8 of th¢ charity and which have noi been designaied for other purpose.s. Dcsignaled funds are unrestricicd funds that have been set &8ide by the trustees for particular purposes. Restricted funds arc funds which are to be used in accotdance wilh specific re5trI¢tio iniposed by donors or which have been raiscd by the charity for particular pu4)oses. 1.3 Inc'ome recognition All in¢oming rc50urccs arc inLludcd in ihe staent of Financial Activitics (SOFA) when the chariry is Icgally entitled to the income aftLY any wrornncc conditions have bcen mct, thc amount Lan be measurud reliably and it is probable that th¢ income will b¢ rtr¢ived. For donations to be recognised thc thaTity will havL been notified of the amounts and the scttlemcnt dat¢ in writing. If thcrc are conditions attached to the donation and this requires a levcl ot" pcrforn)ance beftire cntitlem¢nt Can bc obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within tbe control of the charity and it is probable that ihcy will be lfilled. No amount is includcd in the financial siatements for volunteer time in line with SORP (FRS 102). Further detail is given in the Trustees. Annual Report. Incom¢ from trading activities includes in¢om¢ ¢8rnd from fimdraising cvcnts and trading adivities to raise funds for thc Lbarity. Income 15 reLC1v in LxL4Migc for supplying g(KMts and SCTvires in order io raisL fund5 and is rccognised whon Cntitlcmcnt has OCCUTred. InLome from government and othLr gTants urc recogois¢d ai fair value whcn the ¢harity has entitlcmcnt after any perforn]ance conditions have bc¢n mei, it is probable that the income will bc rcceived and the amouDt can be m¢a5ured Tcliably. If cntitlemenl is not met then th¢se amounts are deferred. io
ABERDEF.N PARK NURSF.RY NOTES TO THE FINANCIAL STATEMENfs {ContiDuoI) FOR THE YEAR ENDED 31 MARCH 2025 InreSt income is rccognised when r¢c¢ivable and ihc amouTrt can be me&gurcd rcliAbly by the charity; this is nonnally upon notification of the interest paid or payable by the Bank. 1.4 Expenditure reeognltlon All expenditure is ac¢ounled for on an aLcwals basis and has been classified under headings that aggregate all cosLs related io the Ca*gvory. r.xpendilure ig reeogni.4ed Th'here is a legal or consiruclive oblioalion to tnake payments to thud P<1rlÉes, il is prob¢ible Ihal Ihe 5eidement will be requId and Ihe dmoiinl of the obligation CJTJ be measured reliably. It is categorised utHler the following headings: Expenditurc on charitable aLtivitics compriscs th0 >Sts Incurr by the charity in the delivcry of its activities and scrvices. It includes both costs that can be allocated dillY to such activities and those osts of an indircct Dature ncccssary to support them. Other expcnditure reprllts thosc itenjs Dot falling into any other hcading. Irrccovcrdbl¢ VAT is charged a5 an cxw)sc against the activity foi which expenditure arose. 1.5 Supporl costs allocation Support CO8ts arc Ihose fi]nclions ihat assisl the Work of ihc charity bui do not directly represent charitable activlties and include Premis overh¢ads. office. fillance and governanc¢ costs. They are incurred diirctly in support of expendittire on the ubjects of the charity. Where support costs cannoi be directly attributed to palLUlar headings ilicy ItttVL bLbn dllocalcd to of raising fimds and expendilurL un cliaritable activities on a basis ¢orJsistent with us¢ of the resources. 1. 6 Tangiblefixed assets Tangible fixed assets are capttalised at cost and depreciated over their estimated useful economic lives on a straight liiie basis as follows: Garden house Fixtures. fittings & equipment 15 years 4 years J. 7 Debtors Trnde and other dLbtors arc recogniscd at thc sdtlcmcnt amount. Prepayments arc valucd at the amount prepaid. 1.8 Creditors andproi)isioiis Creditors and provisions arc rccogniscd where thc chaTity ha5 a present obligation resultlng from a past cvent that will probably result in the trdnsfer of funds io a third paty and the amount due to settle the obligation can bc mvdsurcd or estimated reliably. Creditors alld provisions are nonDaUy rccognised at thcir settieffjent amount. 1.9 Provisions Provision5 are r¢rognised when the tha)ity has an obligation at the balance sheet datc as a result of a past event. il is probable ihal ati outflow of economic bcncfits will bc rvquired in s¢ttlement and the an)ount ¢Jn be reliably estimatrd. J.IO Pensioiis The coinpany operal¢s a defjned conlribution scheme for the ben¢fil ofits ernployee5. Contributions payable are charged in th¢ Siatemenl of FiTMn¢ial Activities in ih¢ year they are payablt.
ABERDEEN PARK NURSERY NOTES TO THE FINANCIAL STATEMENTS (Continu¢d) FOR THI YEAR ENDED 31 MARCH 2025 2.0 Crilil'al A¢coiintiiig £stiuiotes andjudgements In thL appli¢alion of the Lharity'y accounting policiL% IhL' tnL's are requircd to makc judgcmcnt5. cstimatLS and assumptions about the carrying amount of ass¢¢s and liabilities that are not readily apparent from other sources. The cstimalcs and associated assumptions are bLsed on hislorical experience and other factors that are considered to be relevant. Actual results may diffcr from these estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. ReN'isions to accounting estimates are Tecognised in the period in which tbe estimate is revised where the revision aff¢GiS only that period, or in the period of the revision and future periods where tbe revision affects both current and future periods. 3.0 IAcom¢fnpm Donations andLegaeies Unre5triclcd Unrestricted runds funds 2025 2024 Gifts Sundry income 3,950 37 14.900 3.987 14,9(K> 4.0 liicomélThym Charitable Aelivilies Unrcytricted Unrestrictcd funds nds 2025 2024 Nursery fees London Borough of Islington Dq)artmLnt for EduLation 460,871 44.760 125,091 396,556 30,487 85,332 630,722 512,375 5.0 Incomefrom Inveslments Unrcstricted Unrestricted fijnds funds 2025 2024 In*rest on bank deposit 593 454 12
ABERDEEN PARK NURSERY NOTES TO THE FINANCIAL STATEMENTS (continuL) FOR THE YEAR ENDED 31 MARCH 2025 O Analysls ofExpendlthre on Ch4ritableAL'¢ivilies Chariiabl¢ Arlivilies 2025 A¢¢ivili undertaken direclly Support Govcrnance osl.$ Total Childcare and education 416331 68,175 3.720 488 ??6 O. I Charitable Activities 2024 Activities undLrtakcn dircctly Support sts Governance costs Total Childcare and education 378.236 52,692 3,720 434,648 0.2 Of the £488,226 cxpendilurc in 2025 (2024- £434,648), £nil (2024- £nil) was allributable lo reslricled funds and £488.226 (2024 - £434.648) was al1r1uble lo unr¢slrict¢d funds. 7.0 AAa1JyS olsupport uDd Governance Costs Support costs Govcrnan¢¢ costs Total 2024 2025 Pmnises Office running Finance Legal and professional Depreciation Accountancy 57,703 8.455 96 1,375 57,703 8.455 96 .375 546 3,720 41.510 8.076 89 2,337 680 3.720 3,720 68.175 3.720 71.1195 56.412 &0 Jvei Ineonie/(ExpenditureJfor ihe Yedr 2025 2024 This is stated after charging.. Accountancy Independent examiner's remuneration Dcprcciation 1.860 1.860 546 1.860 1,860 680 9.0 Truslees Remuneratioii and Erpenses The trustees were not paid any remuneraiion or received any other benefits during the year (2024 - £nil). Onc thistce (2024- no St¢¢) was reimburscd for 6penSeS of £75 (2024- £nil) during the year. No trustee or other person related lo the charity had any personal interest in any contract or transaction Cnicd into by thc charitable company during ihc year, which arc tran5a¢ied on non-standard business Icnns (2024 nil). Nursery services are provided to the InterS or other rciatcd party on the same ¢emis as provid to othLr bLneficiariLS of tbL charitablc company. 13
ABERDEEN PARK NURSERY NOTES TO THE FNANCIAL STATEMENTS (ContiDu¢d) FOR THE YEAR ENDED 31 MARCH 2025 JO.0 Stoff Cosrfs 2025 2024 Wages and salaries Social seL'urity costs Defined contribution pension costs 288,717 21,057 5,380 266,786 17.884 4.909 315.l54 52,336 289,579 47.998 Agency staff 367,490 337,577 10.1 No employee received reinuneration of more than £60.000 (2024- none). 10.2 The totsl amount of cmployec benefits receivcd by kcy managcment pcrsonnel is £77.000 (2024- £81,736). Thc company con.%iders its key management persoJm¢l comprise its Manager and Dq)uty Manager. 10.3 During the year the company paid £52,336 (2024- £47.998) to independent thinl parties for the provision of sLaff. 11.0 StaffNMmber The averuge monthly head COUTAI was I I stsff membus (2024: 1 l staft) and the average monthly number of full-tlme equiv&lent employees (including casual and part time staft) during the year was as follows: 2025 Number 2024 Number Childcare and education staff Administrator 8.71 1.00 8.55 1.00 9.71 9.55 12.0 Trtyailon Aberdttn Park NuTS¢ry is ¢onsidcTed io p&ss the t¢sl$ s¢t out in Pardgraph I, Schedule 6 of the Finance Act ?.nin Rnd ihere.fore. il Inee.18 the. d¢finilinn nf A clivitAhle cnmpany fnr IIK torp(bration lax pury)ose5. Accordingly, thc charity is potentially exempt from taxation in respect of income or capital gains r¢ceived within categories ¢overed by Chapter 3, Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargcablc Gains Act 1992, to the extcnt that such income or gains are applied exclusivLly to charitable purposes. 14
ABERDEEN PARK NURSERY NOTES TO THE FINANCIAL STATEMEbllS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 13.0 FLred knets Garden House FixtuTe5, Fittings Total EquipmeJ)t Cost At l April 2024 Additions 2,720 1.599 2,720 14,102 12,503 At 31 March 2025 12,503 4.319 16,822 Depreciation: At l April 2024 Charge for the year 2,720 83 2,720 546 463 At 31 March 2025 463 2,803 3,266 Net Book Value: At 31 March 2025 12,040 1,516 13,556 At l April 2024 14.0 Debtors 2025 2024 Prepayments and accrned income Other debtors 3505 2211 3,069 5.749 5,7J6 8,818 15.0 Creditors." Amountsfullimg due Ivithin oneyear 2025 2024 Trade creditors Other tax and social security Other creditors Accruals 5,405 4,679 5,722 5.957 2,890 4,844 4,823 5.(Ki4 21.763 17,561 15
ABERDEEN PARK NURSERY NOTES TO THE FINANCIAL STATEMENTS (Continu¢d} FOR THE. YEAR ENDED 31 MARCH 2025 16.0 AnqtyNs olcharilable Fiiiids Unreslrided Funds- Curreni Year Balanic Incoming l April 2024 ReSoUeS Outgoing Resources Transf¢rs Balance 31 March 2025 Gencrnl ThdS Designated Funds Garden restorationldesig External entrance upgradelEx*rnal upgrade Rcnovation of nurscry rooms 567.É63 635,302 (483,0531 12,503 732,41S 25,IXK (516) (12,503) 11,981 25,(KXI 17583 25,(KKI 12.926 (4,657) 635,246 635,302 (488226) 782.322 Unrestricled Previous Year Balance Incoming Outgoing l April 2023 Resources ResouTC¢S Transfcrs Balance 31 Match 2024 Genernl funds Designated Funds Gardcn restorntionldcsign External entrance upgradL1¢rna1 upgrade Rcnovatioa ofDursery rwms 510.716 527.729 (434.521) (36261) 567.663 2,781 (127) 22,346 25.000 11,085 17.583 13,915 25,000 17,583 542,163 527,729 (434.648) 635,246 Name ofunreslriciedftind Description, naliire andpiirposes oj'ihefund G¢neral thnds Desiated funds The'frec T¢5¢TV¢S" after allowing for any designated funds. a) Garden restorntionldLsign - to rcstorL' the existing garden. h) External upgrade- to upgrade ihe extemal areas. c) Renovation of nurs¢ry r4)oms- to improve the faciliti¢s of the nursery rooms. 16
ABERDEEN PARK Tr4URSERY NOTES TO THE FINANCIAL STATEMENTS (ConliDued) FOR THE .AR ENDED 31 MARCH 2025 J7.0 Anolysis ofNei Assets between Funds- Curreni Year Designated Funds General Funds Totsl 2025 Tangibl¢ fixed assets Cash in bank and in hand Other nit Ce1]t assctsl(liabilities) 13.556 734.906 (16,047) 13,556 784,813 (16,047) 49,907 49,907 732.415 782,322 Anatysis olNetAssets belween FMnds- Previous Year D¢signated Funds General Funds Totsl 2024 Tangibl¢ fixed a55¢ts Casb in bank and in hand Othcr nct current as5ctsI(liabiliti¢s) 67,583 576.406 (8.743) 643,989 {8,743) 567,663 635,246 I&0 Reconcillaftoii ofNet Incoine lo Nrt Cash Flow From OperalingAetiwiiie. 2025 2024 Net irtcome for the year Adjustmcnts for.. Interest income Dcprecialion charge (Inc[ca.)/dCcrcasc in debtors Increasel(decrea$e) in creditors 147.076 93.081 (593) 546 3.102 4,202 (454) 680 {6,4?0) 154,333 87,271 l& l Analjsis of Changes In l)ebl At l April 2024 Casb-flows At 31 March 2025 Cash at bank and in hand 643.989 140,824 784,813 19.0 ReledPaty Transactions Aside from truslee remuneraliDll and expenses di10Sed io Dote 9. Ihere are no related party Iransactions thiring the ycar (2024- none). 17