Registered company number: 05854637 Registered charity number: 1118974
Monkchester Nursery Family Centre
Report and Accounts
Year Ended 30 June 2024
Monkchester Nursery Family Centre
Contents of the Accounts for the year ended 30 June 2024
| Page | |
|---|---|
| Members of the board and professional advisers | 2 |
| Trustees' annual report | 3 to 5 |
| Statement of trustees' responsibilities | 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 to 14 |
| The following pages do not form part of the financial statements: | |
| Detailed statement of financial activities | 15 |
| Analysis of activites from generating funds - fees | 16 |
Page 1
Monkchester Nursery Family Centre
Members of the Board and Professional Advisers
CURRENT TRUSTEES
A Humble J A Howson S Hurren H A Terry S Terry
COMPANY SECRETARY
J A Howson
ACCOUNTANTS
Glen C Rodger Limited Chartered Accountants Cragside House Heaton Road Newcastle upon Tyne NE6 1SE
Page 2
Monkchester Nursery Family Centre
Trustees' Annual Report
for the year ended 30 June 2023
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the accounts of the charity for the year ended 30 June 2024
TRUSTEES
The following persons served as trustees during the whole or part of the year:
A Humble J A Howson S Hurren H A Terry S Terry
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The trustees are appointed for one year and they are eligible to re-stand at the end of that year.
Organisational structure
The directors of the charitable company ('the charity') are its trustees for the purposes of charity law and through this report are collectively referred to as the trustees. As set out in the Articles of Association the charity shall have a Board of Trustees comprising a Chairperson, Vice Chairperson, Treasurer and such other officers as the Trustees may see fit, elected by and from the Membership at the Annual General Meeting. In the event of a casual vacancy occurring in any officer post, the trustees may appoint one of their number to fill such a vacancy until the next Annual General Meeting. The charity shall have a board of Trustees comprising not less than three and not more than ten people comprising the honorary officers, up to ten members and up to three persons nominated by Affiliate organisations, elected by the affiliates.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Investment policy
The charity can invest money not immediately required for its objects in or upon such investments, securities or property as the Centre may think fit, subject nevertheless to such conditions (if any) as may for the time being be imposed by law.
Page 3
Trustees' Annual Report for the year ended 30 June 2023
Monkchester Nursery Family Centre
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the development and education of children primarily under statutory school age in the East End of Newcastle upon Tyne, in particular by:
a) offering appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children regardless of race, culture, religion or means;
b) encouraging parents to understand and provide for the needs of their children;
c) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
ACHIEVEMENT AND PERFORMANCE
The Family Centre concentrated on family support, parenting and educational support during the year. It was also actively involved in the promotion of healthy lifestyles, employability and the management of family finances. The Family Centre maintained provision of activities for children aged under 5 and their families. The development of volunteers continued and this covered the age range 13 to 19 as well as students and parents. The Family Centre was active in the provision of 30 hour childcare throughout the year as part of the Out of School Club. This included a breakfast club for a small number of children. Monkchester Nursery Family Centre offered support to parents and carers particularly those of children who have special educational needs.
The Out of School Club maintained its green flag for sustainability. Children and parents have access to a forest area shared with the school which includes cabins, one of which has a woodworking area.
The multipurpose hall which is an extension of the Nursery building is shared between Monkchester Road Nursery School and the Family Centre. This property is used on a daily basis for the Out of School Club and also for training purposes including first aid instruction. The hall broadens the range of activities available e.g. improved soft play facilities, sporting activities together with musical movement. It is also used as a reading den to support parents and to enable them to enjoy reading with their children.
The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the commission.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level at least equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.
Page 4
Trustees' Annual Report for the year ended 30 June 2023
Monkchester Nursery Family Centre
Results for the period
At 30 June 2024 the charity had unrestricted funds of £66,401 a decrease of £4,039 on the previous year. This meets the charities objective of having sufficient unrestricted fund to cover at least three months expenditure. The Trustees are working to maintain unrestricted funds.
The charity had restricted funds of £NIL at 30 June 2024 (2023 - £Nil).
FUTURE DEVELOPMENTS
The aim for the year ended 30 June 2025 is to continue as far as possible to increase provision for children aged over 2 years and their families and also to further encourage the development of volunteers. The childcare management structure within the Family Centre aims to further improve the delivery of service. The main area continues to be to develop family support for parents facing worklessness, domestic violence, drug and alcohol misuse and financial hardship. This includes the active promotion of healthy lifestyles and healthy cooking. We will continue to make good use of the multipurpose hall, with dance movement sessions for the under five's together with sporting activities and musical movement. One of the projects for the coming year is to refurbish and modernise the kitchen area so that it is safer and more accessable, providing a kitchen with cooking facilities that both children and staff can be proud of. There are also plans to refurbish the sensory room. The Out of School Club and Breakfast Club provide affordable pre and post school care for children under the age of 12 who attend the neighbouring nursery and two local primary schools. During the coming year there is to be emphasis on the identification of children with special educational needs, particularly those aged under 3 years so that additional health and support can be provided. Finally there are plans to have a weekly toddler group for children aged 3 years and under who have special education needs.
ON BEHALF OF THE BOARD:
J A Howson Trustee 9 December 2024
Page 5
Monkchester Nursery Family Centre
Statement of Trustees Responsibilities
The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
Independent Examiner's Report to the Trustees of
Monkchester Nursery Family Centre
I report on the accounts for the year ended 30 June 2024 set out on pages 8 to 14.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charities Commission under
-
section145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with general Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in and audit and consequently no opinion is given as to whether the accounts prepared present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in, any material respect, the requirements:
• to keep accounting records in accordance with section 130 of the 2011 Act and
• to prepare accounts in accordance with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Robin Purvis FCA Glen C Rodger Limited Cragside House Heaton Road Newcastle upon Tyne NE6 1SE
9 December 2024
Page 7
Monkchester Nursery Family Centre
Statement of Financial Activities for the year ended 30 June 2024
| Unrestricted Restricted Notes funds funds £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 - - Activities from generating funds 3 29,022 - Government grants - furlough claims - - Total incoming resources 29,022 - RESOURCES EXPENDED Costs of generating funds Fundraising trading: costs of goods sold and other costs 4 32,101 - Governance costs 960 - Total resources expended 33,061 - Net incoming/(outgoing) resources (4,039) - RECONCILIATION OF FUNDS Total fund brought forward 70,440 - Total funds carried forward 66,401 - |
2024 £ - 29,022 - 29,022 32,101 960 33,061 (4,039) 70,440 66,401 |
2023 £ - 25,382 - |
|---|---|---|
| 25,382 | ||
| 21,554 960 |
||
| 22,514 | ||
| 2,868 67,572 |
||
| 70,440 |
Page 8
Monkchester Nursery Family Centre
Balance Sheet As at 30 June 2024
| Notes FIXED ASSETS Property 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 10 Restricted funds 10 |
2024 £ 1,880 833 64,647 65,480 (960) 64,520 66,400 66,400 66,401 - 66,401 |
2023 £ 3,760 - 67,696 |
|---|---|---|
| 67,696 (1,016) |
||
| 66,680 | ||
| 70,440 | ||
| 70,440 | ||
| 70,440 - |
||
| 70,440 |
The trustees are satisfied that the charitable company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The trustees acknowledge their responsibilities for:
• ensuring the charitable company keeps proper accounting records which comply with section 380 of the Act; and
• preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its surplus for the financial year in accordance with the requirements of the Act relating to financial statements so far as applicable to the charitable company.
These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on 9 December 2024 and were signed on their behalf by:
A Humble Trustee
Page 9
Notes to the Financial Statements for the year ended 30 June 2024
Monkchester Nursery Family Centre
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP 2005), applicable United Kingdom Accounting Standards and the Companies Act 2006.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legal entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Property - contribution to multipurpose hall
10% straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
2. VOLUNTARY INCOME
| Grants - restricted funds 3. ACTIVITIES FROM GENERATING FUNDS Fees Fundraising events |
2024 £ - 2024 £ 29,022 - 29,022 |
2023 £ - |
|---|---|---|
| 2023 £ 25,382 - |
||
| 25,382 |
Page 10
Monkchester Nursery Family Centre
Notes to the Financial Statements
for the year ended 30 June 2024
4. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
| FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS | ||
|---|---|---|
| Purchases Support costs |
2024 £ 1,957 30,145 32,101 |
2023 £ 12 21,542 |
| 21,554 |
5. TRUSTEES REMUNERATION AND BENEFITS
During the year no trustees received any remuneration from the charity (2023 - £Nil).
There were no trustees' expenses paid for during the year ended 30 June 2024 (2023 - none).
6. STAFF COSTS
| Wages and salaries Social security costs The average monthly number of employees during the year was: Childcare and supporting facility services |
2024 £ 23,870 - 23,870 9 |
2023 £ 18,269 - |
|---|---|---|
| 18,269 | ||
| 7 |
Trustees' remuneration and expenses paid during the year are detailed in note 5.
Page 11
Monkchester Nursery Family Centre
Notes to the Financial Statements
for the year ended 30 June 2024
| 7. PROPERTY Cost At 1 July 2023 At 30 June 2024 Depreciation At 1 July 2023 Charge for year At 30 June 2024 Net book value Net book value at 30 June 2024 Net book value at 30 June 2023 8. DEBTORS: AMOUNTS RECEIVABLE WITHIN ONE YEAR Sundry debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Current assets 65,480 Current liabilities (960) 64,520 |
Restricted funds £ - - - |
2024 £ 833 833 2024 £ - 960 960 Total funds 2024 £ 65,480 (960) 64,520 |
£ 18,800 |
|---|---|---|---|
| 18,800 | |||
| 15,040 1,880 |
|||
| 16,920 | |||
| 1,880 | |||
| 3,760 | |||
| 2023 £ - |
|||
| - | |||
| 2023 £ - 1,016 |
|||
| 1,016 | |||
| Total funds 2023 £ 67,696 (1,016) |
|||
| 66,680 |
Page 12
Monkchester Nursery Family Centre
Notes to the Financial Statements
for the year ended 30 June 2024
11. MOVEMENT IN FUNDS
| . MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
At 1 July 2023 £ 70,440 - 70,440 Incoming resources £ 29,022 - 29,022 |
Net movement in funds £ (4,039) - (4,039) Resources expended £ 33,061 - 33,061 |
At 30 June 2024 £ 66,401 - |
| 66,401 | |||
| Movement in funds £ (4,039) - |
|||
| (4,039) |
Page 13
Monkchester Nursery Family Centre
Notes to the Financial Statements for the year ended 30 June 2024
12. COMPANY LIMITED BY GUARANTEE
The share capital of the company is nil. The company is limited by guarantee with each member agreeing to contribute up to £1 each in the event of the company being wound up within one year of cessation of membership.
13. CONTROLLING PARTY
The charity is controlled by its Trustees.
Page 14
Monkchester Nursery Family Centre
Statement of Financial Activities
for the year ended 30 June 2024
| INCOMING RESOURCES Voluntary income Grants Activities from generating funds Fees Fundraising events Other income Government grant - furlough claims TOTAL INCOMING RESOURCES RESOURCES EXPENDED Fundraising trading: costs of goods sold and other costs Equipment and consumables less: Resources and expenditure costs recovered Food Artist's workshops Support costs Staff costs - permanent staff - childcare services less: reimbursement for staff costs Net staff costs Insurance Consultancy and support charges Postage, printing and stationery Repairs and renewals Cleaning Depreciation Sundries Governance costs Accountancy TOTAL RESOURCES EXPENDED Net income/(expenditure) for year |
2024 £ - 29,022 - 29,022 - 29,022 1,768 995 773 184 1,000 1,957 85,030 3,299 88,329 64,459 23,870 960 - 28 2,926 370 1,880 111 30,145 960 33,061 (4,039) |
2023 £ - 25,382 - |
|---|---|---|
| 25,382 - |
||
| 25,382 | ||
| 957 945 |
||
| 12 - - |
||
| 12 | ||
| 51,368 1,472 |
||
| 52,840 34,571 |
||
| 18,269 943 (217) 50 523 - 1,880 94 |
||
| 21,542 | ||
| 960 | ||
| 22,514 | ||
| 2,868 |
This page does not form part of the statutory accounts
Page 15
Monkchester Nursery Family Centre
Analysis of Activities from Generating Funds - Fees for the year ended 30 June 2024
| Out of school club Holiday club fees Childcare services |
2024 £ 29,022 - - 29,022 |
2023 £ 25,382 - - |
|---|---|---|
| 25,382 |
This page does not form part of the statutory accounts
Page 16