COMPANY No. 05632588
REGISTERED CHAJUTY NO. 1116160
ABERDEEN PARK NURSERY
(COMPANY L￿￿ED 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 a￿1 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 ￿)mPa￿V J objects 1￿C￿de..
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 b￿Qme 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 g￿t 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 b￿LfIts 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
strate￿e,*f￿r Achieving Ohjeciiv
The strategies employed ￿ achieve the obje£tives are:
Offering opportunities for a broad lange of people to gct involved in the nursery a￿1 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 Comn￿￿1ty 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 AgryeCn￿I 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 nU￿ry.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 fi￿￿1￿g sourcc for the clmritablc company is
currently by way of 8Tants for the London Borough of Islington and Department foT Education.
Pla￿I￿r 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 A￿oCiatiOn. 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 Mcmberrrr￿stee 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 TThaT￿ger. 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 m￿agement 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 In￿t￿S 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 t￿SteeS 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
M￿1VI 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¢ In￿te¢S ar¢ requir¢d to:
Select suitable accounting policies and then apply th￿n ¢onsislcntly:
Obserye the meiliods and principle in Ihe Charilies SORP 2019 (FRS 102)"
Makc JUdg￿n¢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 trL￿CeS 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 b￿813 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 at￿ltiOn 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 Fin1￿claI 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 s￿li0n 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 OC￿ber 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 fi￿e[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 sta￿ent of Financial Activitics (SOFA) when the chariry is
Icgally entitled to the income aftLY any wrorn￿ncc 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
In￿reSt 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 requI￿d 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 di￿llY to such activities and those
osts of an indircct Dature ncccssary to support them.
Other expcnditure repr￿llts 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
pa￿lLUlar 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' tn￿L￿'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 al1r1￿u￿ble lo unr¢slrict¢d funds.
7.0 AAa1Jy￿S 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 6￿penSeS 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
Cnic￿d 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 In￿terS 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 ReSoU￿eS
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 upgradL￿1¢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
Desi￿ated 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 C￿￿e1]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 Rel￿edPa￿ty Transactions
Aside from truslee remuneraliDll and expenses di￿10Sed io Dote 9. Ihere are no related party Iransactions
thiring the ycar (2024- none).
17