REGISTERED COMPANY NUMBER.. 06065754 {England and Wales) REGISTERED CHARITY NUMBER: 1118357 ofthe Trust•e# and Unaudiled Financial Statoments For The Year Ended 31 st 2025 aret Mcmillan Llmi TC Bmhead Limsted Harsc(xllbe House 1 Damake View plymlh Devon PL8 7TL
ret Mc Contenis of the Finaneial Statemonts For The Year Ended 31 Au U5t 2025 Pago Report of the Trustees 1 to 4 Indgpondent Examinerfs Report statem•fil of Financial Actlvities Balance Shggt Cash How Statement Notss to the Cash Flow Statement Note$ to the Flnancial Stal8ments 10 10 16 Detall•d Statgment of Flnancial Activities 17 to 18
ret Mcmtllan Umtted istgred numljer. 06065754 rt of Trustees For The Year Endod 31 ust 2025 The trustees who are also diiedors of Ihe charity ts th8 pur18e$ of the Companies Act 20C6. present their report wth the financi ststernents of the charity fDr year ded 31 August 2025. Thè trustees have adopted the provisions of Accounting and Rewting by Charities". Statement of Recommended Practice appIable to tharities weparing their accounts in accordance vAlh the Iinanaal ReportitwJ St8rKlard apICale in the UK and Republi¢ of Ilnd (FRS 102) leffeclive 1 January 2019). This is thè Trustees, Annual Re for Margar8t M(lillan Nursery timited. It irt0[p¢S the ajdibonal conlent required of larger eharib.ès lo be compliant wth the charib.es Statement of Recommended Practice. OBJECTIVES AND ACTMTIES Objectives and alms Our charitable objects arè Ihè F)rovBion of nurswy educabon ts thildren under the age of six years whose parent or parents or guardian or guardians are résident in or %those pl of wotk is in the bounds ofthe aty of Plymouth together Yth the piovision of recreational facile$ frJr such thldren together any other tharitable purposes which the executive committee d80ms tr) be for the benefft of such children.. In this rer)orting year we have continued to fwate the Margaret Mcmillan NUtry prowding nursery education for childr8n from birth to entry into primary schLX)l. The Nursery is diwided into Baby, Tiny Tols. Trxldler and Pre-school units. Our mission is to 8nh8neA the lives of chIldn and tfvr familvès by prowdiThJ a safe pla( of excellence and innovation, where children can devetop. communicate cx)nfidenUy. LKJild resilience. become Ind&ndent and are (x)urtÈous to all_ We provide plaGes for up to 70 children w day. The 8X8d rnb is limited by slaffing ralK)s for particular groups. the capacity of the building and the requirements of Ihose thildren ryth Special Educational Needs. The number of thildren on roll is also influenced by the needs of parents for fijll p8rt-time places. The Nursery pattiGipales in the Govemmenvs free childcare scheme, enabling access for all. The tsuslees have had regard to the Charrty Comtllissionerfs widance on public ben&ffit". Wè prode nursery care for children wse parents live or work in the City of Plymouth. Our I(110 in the City Centre enablès parénts lo return to work in thè knowle(Je that their thildren are being cared for in a secure, caring and stimulating environtnenl. designed to enc1)ure young children frorn birth lo five years to grow in confidence and independence and devebp tfvr Thtiwty and individual personaltbes. Thè nursery delivers early education benefits for thildren through trgh qualty provisK)n and earfy inteT¥ention (where required) that wovidès a strong slart to their statutory sthooling and improwng their suc(ss foi Ihe futur8. Et is expected Ihal Ihe nuTsery wll continue to prowde pre-sclNxA UCation for the foreseeable futurÈ. Education continues to evolv2. and the Nursery will continue to resnd to these changes. through the artive search for and implementation of best practice or driven by govemment p)Iy as arti1[ald Ihrough legislation and OFSTED. Our activities therefore directly furthai our objeGbve. Publlc benefit The trusteBs havo had regard lo the Charity COMMISorterf5 guidance on W1C benefit.. We provide nursery care for ildren whose parents live or work in the Cty of PJymoLth. Our location in the City Cen1 enables paronts l() relum to work in the knowledge that their thiklren are being cared for in a sÈtAJre, caring and stimulating environm¢nt. designed lo oncourage young children frcxn birth to five years to grow in confi¢Jence and irKlependence and develop their atIV 8nd individual personaliEies. The nursèry delivers early education tenefit5 for thildren through high quality provision and earty intetvention (where required) 1hat prowdes a strg start to thr staluiory scJJoolÈn9 and improving their SeSS for the future. The trustees have complied thg ojuty ui sec*on 17{5) of the 2011 Charitie5 Act lo have due re9ard to guidancè issuéd by the Charity Commissian. Page 1
ret Mc -11 Limit istered number. 06065754 ortof For Th• Y•ar Ended 31 A t 2025 ACHIEVEMENTS AND PERFORMANCE Charitsble activities The Nursery has been impacted by the new Government roll out of 30 how funding for children from 9 nthS and the growsng number of nursery unTts connected to "Mary sthwls. AIthou9h the number of enquiries from parènts for spaces at our nursery is sldl buoyant. The nursery has 0rated at frjll capacity throughout the reportiry wod. The SLKcess of the nursery cctinueS to b¢ monitoréd by reference to Otsted inspections and ratings and has been maintsined at 8 good ve[ wo ntinue to enjoy positive feedbado from parents and from the primary scknls that our thfidren move on to. The continued commitment and hard of Ihe staff Imstees has enabled th• charity to continue lo hold on to sufficient reserves to assist Mi maintaining the finanoal seujrity of the nursw. The purchasing of the freehold of 24 Hoe Street continuès to be a lonterM aiffl of the trust al9 with lh¢ purchase of the lar opposite the nursery, curretLUy rented and used for parking spaixs. Difficultie8 in recruitment and retention of staff with relevant expenence and quxlrficAtions continues lo impact nursery provislon. However, managem8nt staff are often div¢rted lo nursery dulies to mantain safe stafflthilrl ratios, th the resulting impact t)n their primary roles. Otherthan our Twstees there is no 3igntfieAnt volunteer element to our actiwbes. FINANCIAL REVIEW Flnancial position The Trust's financial position at the end rftrÈ ar is cortsidered to IE 5absfadory In adcfrtion the financAal performancè of the nursery is monitored ar discuss at each trustee rneeling with satisfactory results for the year. The n8t operating defirit fw the year anTr)unted to £2.99812024: r1 operating surplLtsldeficit £32.2>. The unre8trietÈd fftjnd held at the yeat ¢wwJed 31 August 2025 was £501.668 (2024.. £504,W). Expenditure for the year has been made to support the dmritls objecAives of widing qualty nur8ory education and childcare. Prlnclpal fvnding $¢urees The charitys inwm¢s ale from parent5 for thè prowwon of nu fe outsKle of any fund1 [lod$ and from grant income from lh¢ local authority. Investment Poticy The management Committee has CCsIdered the most appropnate policy for investirvJ funds and has found that investing surplus funds in a deposit acc(MJnt meets their requirements. The management (x)mmttl88 consider the relu that th8y r¢Geive on their investTnÈnts to be satisfactory. The d)arity also holds £4,W (2024.. £4,000) invèsted in National Savin98 Certikates. It 15 intèndèd to liquidate thi5 investment Total invesknent income from 811 sources was £4,538 for thè y8ar12024: £4.9741. Reserves pollcy The TrustèÈs have established a polrcy whereby the vnreslricXe(I funds not comrnittÈd or invested in langible fixed asse15 Clhe free serveS held by the charity shoukl be three months of resourcès expended. At this bevel. the management o)mmittee fèél that they would be able to continue the rrent actiwties of the charity in the event of a significant Ios5 of income. It would ObvuSIy tE [È$sary to consider how the IrMe would rÈplaced or activities changed, The charity prepares budgets eath year whiGh are rÈgularty reviewl by the trustees against actual performancg. Variances from budgel are ported tC Ihe Iruslees for o)nsideration. Al capiial exFEnditure outside of the normal budget is apprnved in advance by Iruslees. The unexpected ar signifiixnt increase in minimum wage. the roll (Krt of th8 Govemrnent 30 houi funding for children from 9 rnonths has had an impact on Ihe nuT5erfs budget and this COued the Gost-Df-living crisis, rising energy prices and food costs. ha5 had a ncticeable finanual iTllPaCt. Page 2
Mar aret Mcmillan Limited istered number. 06065754 ort of th? Ttee$ ForThe Year Ended 31 A ust 20 FUTURE PLANS The Charity will continue to mntsin the 9ood reputaknon Ihat it has vAlhin the City tsf Plymouth and to continue to prowde fir8t-d&8s nursery care for children of pr&seho(A age. The tharity curr8ntty occupies the propety krrn as 24 HLE Street un(kr 8 99-year lease exF4ring on 29 April 21 D1. Our long-temi aim is to acquire th6 fr•èhtsJd of thè property to improve security oftenui¢. Th& incmasè to &Jvérnment-funded Yree childcare- WIthrt 5ufrienl Govemment fvnding. fvrther substantial increasès lo the Liwng wage and incrèasé to Employers, National InSurare CtinlriEMthns wll provide a further financial challenge. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docum•nt The Charity is constiiuted under a trust deed dated 23 October 1995. The dwritabb ci)mpany is governed by its Memorandum and Articfes of Associats"ow) from its incorporal•)n on 24 January 2007. and t$tuleS a limited company. mttèd by guarantèé as defined by the Companies Aci 20. Rg¢TUttmgnt and appointment of ngw truste•s The members carry out the eleCtn of the offi<ws and rmIttee members al Ihe Annual Genetal Meeting. Nomin8tiorns ale made in Ilting and delivwed to the Chairperson. Eath Th)mirtation must be prowsed and seconded by a voting menJer of the Charity and accompanied by ihe YKitten consent of ihe nominee. New trustees are inducted into the wothngs of the charity duriThJ meetings a qu&lefly basi5. SUPPOrted by a comprehensive Trustee's haNdl0k Ihat details all aspects of the Nursery 8nd Ihe Trustees, responsibilities an<1 roles. Trustees recruited through advèrtisÉment, direct approadS to leVant orgatbisab.ons and Ihrough netsrkIng. Oryani8ational strncture Full SponSIbl1ty for the njnning of the Charity is vested in the Trustee5. %tho by rgason of incorporation of the Charity are also Directors of the company. The company is miled by guarantee and does not hold any share capitsl. The Memorandum ofAs8ocAation predudes the TDJsleeW Oire¢tots rewwng any remuneration C nefits. The salaried Nursery Manager is resp)nsible for the day to day runniThJ oflhe tharity. The charity continues to maintsin rts goLwJ Elationship the kindlord. the PlymoLth Astor Tiusl vknith is also Charity. Key management r•munèratlon The Trustees moét annually to discuss and set the levels of rewnunetation for kgy rnembers of staff. REFERENCE AND ADPJIINISTFiATIVE DETALS Règlstered Company number 06085754 (England and Wales) Registered Charity numbor 1118357 Reglstsred offl¢e Harscombe House 1 Daiklake View Plymouth Oevon PL6 7TL Trustees J Achilles Chairrnan J Cook Treasur•r P Strang J Prichard (resigned 26.2.25) A Rees C L Layland. MBE G Stelmaszczyk Y Baker {appointed 2.10 241 A Leach (appointed 22.10.251 Company Sècrètary A Rees Page 3
Ma aret Mcmillan Limited nthnber. 060657S4 rt of tha Trustees ForThe Year EtKled 31 ust 202S REFERENCE AND ADMINISTRATIVE DLs Independent Examlner James (knvès TC Bromhead Limited Harscombe Housè 1 Darklake Visw Plymouth Devon PL6 TfL Solicltor3 WOlfelanS Deprford Chamber5 80166 North Hill Plymouth PL4 8EP Banker Nthesl Pl 14 Old Town Street Plymouth PLI 10G TRADING NAME The tharity operales under thè name Margaret Mcmillan Nursery. This report h35 been ptepared in accordane£ tyth the speaal prowisions of Part 15 01 the Companles Act 2(6 reling to sm811 coinpaniès. Approved by order of the board of trustees on 4 Marth 2026 and siqned on its behalf by. J Ad)illès- Trustee Page 4
Inde •ndent Exarninetrs Re aret Mcmillan Llmited Re rt to the Twstees of isterEd number.. 06065754 Independent examinerfs r•portto th• trustÈÈ# of Maryaret Mcmlllan Llmtted rthe Company'l I report to the charity trustè8s on my Èxxmin8tion the accojnts of the Company fr)r the year ended 31 August 2025. Responslbilities and basls of report As the charity's tru5tee5 ofthfj Cornpany (and also ILS directors for th• purposÈ8 of ccffipany Law) you are responsible for the preparation ofthe accounts in &CrdanCe with the reqU1MentS of Ihe Companiès Act 20( IlhÈ 2006 Act'i. Having satisfied Myse Ihat the accounts of the Company 8r• Th)t r5quir to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rept in rèspect of my examination of your charity's accounts as carried out under Section 145 of the ChaitiÈs Act 2011 (the 2011 Act). In Car"n9 cyjt MInatI I have followed the Directions given by the Charity Commission urmler sèth.ffi 145(5) (bl ofthe 2011 Act. Indèpèndènt examinerfs statement sin your tharity's gross income Èxceeded £250.CO) your examiner must be a member of a listèd body. 5 can confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered A¢¢ountanls in England and Wales, which is one of the listed bodies. I hav0 completed my examination. I confim) that no matters have come to my attention in ¢onno¢*on with the exafflinalion giving me cause to believe= accounting records wtrÈ not képt in respecl of the Company as required by $tion 386 of the 20Cf ACL or the aocounls not accord with those r8cords", or the accounts do not comply 1th the accounting req(llrennts of Section 396 of the 2(XJ6 Act othèr than any requirem8nt that the accounts gNe a knje and fa.r wew whidj is not a matier considered as part of an independent examination". fx the accounts have rt been ppared in aCtrdan wth the methcrtls and principles of the Statement of Rècomrnended Practice for accounb.ng and tep(tIng by charTties (applicable to charities preparing t1r accounts in accordance wth lh8 Financial Reporb"n9 StaFKlatd applicabk n the UK and Republic of Ir8land IFRS 10211. I have no conceTns and have come aLsS no other matters in cy)nneclton the examin8b.on to which attention should drawn in this report in order to enable a proper undèrstxThJing of the accounts lo be reached. James Groves The Institute of Charteréd Ar£wntants in England and Wales TC Bromhead Limited Har5combe House 1 Darklak6 Vièw Plymouth Devon PL6 TFL D41e'. Page 5
Ma aret Mcmillan Limlt•d Statsment ol Flnancial Activities an Income and Ex ndiiure Account For The Year Ended 31 Au ust 2025 Inco 31.8.25 Unrestrfcted funds 31.8.24 Total fvnds Notes INCOME AND ENDOWMENTS FROM Charltable activlti•s Nursery provision 838.063 752.102 Investment income 4.538 4.974 Total 842,601 757.076 EXPENDITURE ON Charltsble activltl•s Nursery prowsion 845,599 724,823 NEf INCOMEIIEXPENDITUREI {2,9981 32,253 RECONCILIATION OF FUNDS Total lunds brought foxward $04,666 472,413 TOTAL FUNDS CARRIED FORWARD 501.668 SJ4.666 The notes form part ofthese ffinancial statements Pa9¢ 6
ret Mcmillan Limited R Istertd numbèr. 06065754 Balance Sheet 31Au ust 2025 31.8.25 Unrostricted fvndg 31.8.24 Total funds FIXED ASSETS Tangible assets Investmènts 10 11 55.684 4,000 57,505 4,000 59,684 61,505 CURRENT ASSETS Debtors Cash at bank 12 15.640 469,169 14,295 467,210 484.809 481.505 CREDITORS Amounts falling due bwthin one year 13 142,825) (38,344} NET CURRENT ASSETS 441.984 443.161 TOTAL ASSETS LESS CURREKf LIABILMES 501,668 5C)4,666 NET ASSETS 501,668 FUNDS Unreslricled funds 15 S01,668 TOTAL FUNDS 501.66B The charitable wrnpally is enknlled to exempth)n from audit under S&aion 477 of the Companies Act 2006 for the éndéd 31 August 2025. The members have not Jpquired the company to oblain an aud.rt of rts finanoal statsments for the year ended 31 August 2025 in accordan 1{) 476 ofthe Companies Act 2C(6. The Injstees 8ckncMledge their responsibilib'es for {al ensuiing that tho tharilable company keeps accounting rec*)r(Is that Ix)mply vthh Sections 386 and 387 of the Companies Act 26 and preparing financial statemènts whth give a true and fair view of the state of affai of thÈ ctharitable company as at the end ol each finanual year and of rt5 5WtAus defiat for each finanGial ygar in awordance with the quirewnents of Sections 394 and 395 and vA)ich othérwise crynply with the requirements of th¢ Companies Act 2CK)6 relating lo financial stalernents. so far as applicable to the tharitable rnPany. (bl These finanoal statement$ have been prepared in ac£(dan vthh Ihe w0s1o5 applicable lo charitable companies subject lo the small cA)mpani¢$ regimo. The fin8n¢i818latements were approved by the Boarrl of Trustees and authoriseJ for issue on 4 March 2026 and wèrè signed on ils behalf by: J Ad)illÈs- Trustee The notes fomi part of these fancial slatements Page 7
ret Mcmillan Llmlled Cash Flow Statemg ForThe Year Ended 31 Au ust 2025 31.8.25 318.24 es Ca¥h Ilows from operating activities Cash generated from operations 6,033 10.547 Net cash prowded by oper8ting a¢tsvibes 6,033 10,547 Cash flows from Investin9 aetlvitses Pucchase of tangible fixed assets Interest received (8.612} 4.538 (13,591) 4,974 Nel cash used in investing activiies {4,074) (8,6171 Change In cash and ¢ash equivalents in thg rgportlng period Cash and cash gquivalents at thÈ beglnning ¢rf th• r•pcrtling period 1.959 1.930 467.210 465.280 Cash and ca8h equivalèrts at the end of the reporting period 469.169 467,210 The notes form part of these finanaal ststements Page 8
r•t Mcmlllan Limit•d otes to the Cash Flow Statement For The Year Ended 31 ust 2025 RECONCILIAnON OF NET {EXPENtXTUREVINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.8.25 31.8.24 Net lexpenditsJreySncome for the reportlng perlod (as per the Ststsment of Financial Activitbg¥) Adlustmènts for: Depreaatton charyJes Interest received In(xease in Ilebtors Incxeas8lld8crease) in cr8drtors 12.9981 32,253 10,433 14.S381 11,3451 4.481 9,851 14,9741 I8,5) (17,6181 Net cash prowded by operations 6.033 10,547 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 Cash flow At 31.8.2S Net cash Cash at bank 467.210 1.959 469,169 467,210 1.959 469,169 Totsl 467,210 1.959 469.169 The notes fcfft) part of thesè fin8n¢>al statements Page 9
Mcmillan Llmtted Notes to the Financial Statements For Thè Year Endèd 31 A ust 2025 ACCOUNTING POUCIES Basis of preparing the financial statemènts The financial statements of the ch8ritabl¢ co[, which is a putrAic trÉnefft entty under FRS 102. have beèn prepared in accordance with the Charities SORP <FRS 1a2) Attounting and RePOrtg by Charities.. Statement of ReCOmThnded Prachce applicatAe to charibes prepanng their accounls in Ordan with the Finawal Reporting Standard applicable in the UK and Republ of Irdand IFRS 1021 (effective 1 January 2019}', Finanual Reporting Standard 102 The Finanoal Reporting Standard 8p1¢4b1e in the UK and Republic of Ireland and the Companies Aot 2006. The financial slatemenls have been prepared underthe histori(sl cost convention, wth the exc8Ption of investments whth are indUdj at market VVe. The financi81 statéménts are epa on the g(Mng cCern basis. Income All income is r&¢oynised the StatenRnt of Finarrial AthTrties cce Ihe charity has enb"tlement to the tsnds, it is probable that the income unll bè rtvd and the amount can Ix ffleasured reliatly. Grant fijnding is reGgwed advance and is reQnIsèd ovèr the period of delNery of the seNlCe. Parénts are voIced monthly in adv8n¢e and this irKome is recognisÈd ov8r the period of the delivery of the séNice. Donation5 are rÈcognk8ed when these c8n be reliabfy measured vthich is Ixkèfi as at receipt. Expen(liture Liabilities are recognised 8$ 9xpenditure as SCM)n as there is a Ial or construdwe obligation committing the charity to that expenditure, rt is probable that a transfèr of economic beneffts wll be required in settlement and the amount of the obligation can be measured re1rdy. Expenditure is accourrted for c¢) an accruals basis and has been ClarIed under headings that aggregate all cosl related to the category. Wlwe costs cannot be directly attributed to parbcuLar headings they have been alk)(xted to activilies on 3 basi5 consistent wth the use of resources. Charltable activities Charitable activitie5 expw)s&s ¢omprise those costs Irrred by the charity for the provision of the nursery. It include5 both ¢osls that can be diredly allributed to this acts¥ity and those of an indirect nature necessary to support it. Support costs Support costs are those not diredjy related to delwery of nursery acliyibes. Govornance costs Governance cost5 indud¢ those costs asswated meeting the o)nsbtutional and statutory requirements of the chaiity and inGlud¢ independent examination fee5 ar%1 ¢osts linked Ihe strategic rn3nAgem8nt of the charity. Allocation and apporbonmÈnt of e)sts All direct cosls incurred are considered to be in the fjjrther8r of ifs charilable objectivè t¢ promde nursery education. Tanglbl• fixed assets DÈprèciation is PTovided at the fk)llg annual rates in order to wrilg off each asset over rts e5b"matèd useful Improvements to PTopety FLXtures and fitlings 1(WD on ¢x)st 11Yh on cost It is the policy to capitalise as fixed assÈts material fixtures and fittings. All other expetKliture is included within the Statwnent of Finan(i81 ActNities. Taxatlon The charity is exempt from rJ)rporation lax on its tharitable aL*"¥ibes. Fund accountiny Unrgstricted funijs can be used in a¢cwdart¢ with the charitat4e obieGbves at thÉ discretion of the ttustees. l fijnds received are unrestrKted. Pa9e 10 continu¢d...
av•t Momlllan Llmlt tes to the Financial Statemenls- continued For Th& Y•ar Ended 31 Au ust 2025 ACCOUNTING POUCIES- continuBd Hlre purchase and16aslng commitments Rentals paid under operating 1è8ses 8re charged to Statemènt of Finar181 Aclivities on a straighl line basis overthe period of the lease. Penslon costs and ott)er post.retirgmont b?fits The charitable company operates a defir nbon pension scheme. Contri1tionS payable to the charitable company's pension schemè are d)arged to Ihe Ststement of Finanaal Activities in the period to which th8y relale. Fixed asset investments Fixed asset investments are stated ai ma*et valualion and mov¢rn¢nt in the ¥alLWtion is all¢Kal1 to the atÈment Of Financial Activilies. Finan¢ial instrumwrts The trust only has finanoal assets and ffinanaal liabli ities of a kind that qualify as basic financi81 instrumènts. Basic fin8nei81 instruments are initially rwnised at transaction value and Subsuentfy measUd at their sattfemént V81ue. INVESTMENT INCOME 31.8.25 31.8.24 DeposrE account interest 4.974 INCOME FROM CHARABLE ACTlVtnES 31.8.25 31.824 Acbvty Nursery pros1on Nursery prtiwsion Nurwy prwsion Nursery prowsion Fees Grants Milk rebates Miscellan80us income 419,715 416,869 1,019 506,228 243,526 1.092 1.258 838.063 752,102 CHARITABLE ACTMTIES COSTS SuPrt costs Is te5} Direct Costs Tots15 Nursery prowsion 827,768 17.831 845,599 SUPPORT COSTS Gov¢rnatTrce )sts Deprecialion FInae Totals Nursery prowsion 10.433 652 6,746 17,831 Page 11 Continued...
Mlllan knmlted Notss to the Financial Statements . conlinued For Thé Year E[Md 31 st 2025 SUPPORT COSTS- ¢ontinuÈd Support costs, induded in the #b. are as f1¥$. 31.8.2S Nursery provisir)n 31.824 Total activities Depreoation of tangible and herrt89e assets Bar charges IndependEtrt examiners lee Accountan fees 10,433 6S2 1085 4661 9,851 670 1.986 4.396 17.831 16.903 NET INCOMEIIEXPENEITURE) Net Incx)mÈl{exnditUre) is staled after (tsr911ci1lng)". 31.8.25 31.8.24 Indendent examiners fee D&preciation- owned assots Other operab.ng aseS 1085 10,433 4.S14 1,986 9.851 4,838 TRUSTEES. REMUNERATION AMD BENEFITS There were no trustees. m[nerat)n or other Èeneffts for the yèar ded 31 Augu512025 nor for the year ended 31 August 2024. Trustees. experws There were no trustees, expenses paid for Ihe year ertthd 31 August 2025 nor for the year ended 31 August 2024. STAFF COSTS Stsff Costs 2025 2024 Gross staff solaiie5 Employers national insuraF Pension contributions Agency skaff 603,499 S6,283 11,685 6,254 537,419 36,189 10.687 1.097 677,722 585,372 The average monthly numb8r of employees during the year was as follows.. 2025 27 2024 26 Nursery staff No employee8 rei¥@d emoluments in excess of £fjO.LK)O. Page 12 continued.
arnt MCMiln Limrlèd to the Financial Statements - continued For The Year Endgd 31 ust 2025 COMPARATIVES FOR THE STATEMENT OF FINAIICIAL ACTIVITIES Unreslricl fijnds INCOME AND ENDOWMENTS FROM Charitsblg OCtlvitlo5 Nursery provision 752,102 Inv8stment incomè 4,974 Total 757,D76 EXPENDITURE ON Charitable activiti•s Nursery provision 724,823 NET INCOME 32,253 RECONCILIATION OF FUNDS Tot furKls brought foTh¥ard 472.413 TOTAL FUNDS CARRIED FORWARO 504.866 fjo. TANGIBLE FIXED ASSErs Improvements Fire$ and fitbngs opety T¢)tal$ COST At 1 September 2024 Additions 112.787 99,356 8.612 212.143 8.612 At 31 August 2025 111787 107.968 220.755 DEPRECIATION At 1 Septer[er 2024 Charge for yaar 105,179 1.398 49.459 9,035 154,638 10.433 At 31 August 2025 106.577 58,494 165.071 NET BOOK VALUE At 31 August 2025 6,210 49,474 55,684 Al 31 August 2Q24 7,808 49.897 57,505 11. FIXED ASSET INVESTMEvrs Unlistéd investments MARKET VALUE At 1 September 2024 and 31 August 2025 4,000 NEf BOOK VALUE Al 31 August 2025 4.000 At 31 August 2024 4.000 There were nD inveslm¢nt assets outsKle the U Page 13 continued...
n Liml Notes to th• Financial Statements- Continued For Th Year Endèd 31 Au st 2025 11. FIXED ASSET INISTr7E - continued Thg histori¢ $t of the fLxed asset investmènts 8t 31 Au9USt 2025 k8 £4.CO)12024.. 4.LK)01. The investrnen13 are held for the purpose of prwding a rthm on funds to the charity. 12. DEBTORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 31.8.25 31.8.24 Trade debtors Olher debtors Prepayments 3.234 8.519 3.887 10,408 3,887 15.640 14,295 CREDITORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 31.8.25 31.8.24 Trade crèditors Other cteditors A¢cruals and deferred InMe 881 3,271 8,687 29,986 7.960 6,804 22,679 42,825 38,344 14. L&4SING AGREEMENTS Minimum lea8e payinents under nOnrjab[e cyera1iro leases fall due as follows: 31.8.25 31.8.24 Within one year Belween one and fNe years 613 1.229 613 1.843 1.842 15. MOVEMENT IN FUNDS Net movement in funds At 1.9.24 31.8.25 Unrestrlcted funds General fvnd S04,666 {2,998) $01,688 TOTAL FUNDS 504,666 12,9981 501,668 Net movement in fvnds. induiled in the above are as follows: IncomiThJ resources Resources expended Movement in funds Unrestricted General fund 842,601 (845.5991 12,9981 TOTAL FUNDS 842.601 {845,5991 12,9981 Page 14 o)ntinued...
t Mcmillan Limitod Notes to the Financial Statem•nts- eontinued For Thg Year Ended 31 Au St 2025 15. MOVEMENT IN FUNDS- Confjnued Comparatives for movement in funds Net movement in lund At 31.8.24 At 1.9.23 Unrestricted fd$ General fund 4n,413 32.253 5)4.666 TOTAL FUNDS 471413 32,253 504.666 Comparative nel rnoverrnt in funds. itKlud•d in the above are as fdlokns: IncomiThJ Resources rces exFended Mov8m8nt in funds Unrestrlcted funds General fund 757.076 1724,8231 32,253 TOTAL FUNDS 757,076 (724,8231 32,253 A current year 12 months and prior year 12 mcfflths cc4nlxned rA)sitrtrn is as follows". Net movement in funds At 1.9.23 31.8.25 Unr•strl¢ted funds G&ner81 fund 472.413 29255 501,868 TOTAL FUNDS 472.413 29,255 501.668 A Current year 12 months and pri(x year 12 months combined net mo¥8mènt in fvnds. induded in the above ar¢ as ft)Ikiws.' Incoming rVUr¢eS Resource expended Movement in funds Unrestrlct•d fuTKIs G¢noral fund 1.599.677 11.570.422) 29.255 TOTAL FUNDS 1.599.677 11,570,422) 29,255 P8Jè 15 continued...
ayet Mcmillan Notes to the Finaneial Statèmènts . continwd For The Year Ended 31 Au
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16. RELATED PARTY DISCLOSURES There were no related party trans8(aion$ for the year ended 31 August 2025, {2024: none) Page 16