**St Mary’s Church Nursery, Great Dunmow** Registered charity no: 1120280 ## **The Sixteenth Annual Report of the Trustees** 1[st] September 2021 – 31[st] August 2022 ## **1 Reference & Administrative Details** Address: St Mary’s Rooms, Church Street, Church End, Great Dunmow, Essex CM6 2AD Trustees: Tim Potter PCC Trustee and Chairman from 8/11/21 to date Revd Tom Warmington PCC Trustee (from 1/6/21 to date) Mrs Belinda Booth PCC Trustee and Chair (1997 to 8/11/21) Mrs Wendy Bowler PCC Trustee (1/4/2019 to date) Mrs Kim Daly Elected Parent Trustee (from Sept 2021 to date) Mrs Marzena Jeffrey Elected Parent Trustee (from May 2022 to date) Mrs Michelle Edwards Secretary from 1/1/2018 to date Treasurer: Mr Steven Miles from 1.3.20 to May 2022 Mr Malcolm Dulwich from May 2022 to date Independent Examiner of Accounts: Mr Mike Best Nursery Supervisors: Mrs Claire Smith - 31, Weaverhead Close, Thaxted CM6 2PW with Mrs Helen Worthington- 42, Godfrey Way Great Dunmow CM6 2AY Bank: Barclays Bank PLC, (Dunmow branch until closed August 2022) Solicitor: Wade & Davies 28 High Street, Great Dunmow, Essex, CM6 1AH ## **2 Structure Governance & Management** St Mary’s Church Nursery: Charitable Unincorporated Association, est[d] 1[st] September 1997 Charitable Status achieved: 16[th] October 2006 GD3 model constitution as governing document (which needs to be updated). ## **Objectives and Activities** Aim: to provide education for children aged 2-5 years whose parents/guardians live or work within the Uttlesford District Council area & to advance their education in accordance with Christian principles, and to do so with respect for other religious beliefs. **Management** : Governing body of 5 Trustees who meet annually. The management committee meet once per term to discuss Nursery business. The management committee are directly responsible to the Trustees who meet as necessary but at least once per year. The PCC Trustees report to the Annual Parochial Church Meeting about Nursery activities. The Parent Trustees report to parents at the Nursery Annual General Meeting in November. Ofsted & Pre School Learning Alliance offer safeguarding advice. ## **3 Financial Review to 31[st] August 2022** The Nursery is funded from parents who pay for their child’s sessions & government funding of Nursery places. Mr Steven Miles was appointed Treasurer from 1/3/2020 and handed over to Malcolm Dulwich in May 2022. Accounts are prepared on a receipts and payments basis & reported to the management committee termly. They were independently examined by Mike Best. The Nursery has a cash balance of £103,761 of which £50,179 is held in deposit accounts. **Reserves Policy** (from the Financial Policy Document) The Nursery has increased its contingency reserve to £20,000 as a provision in case of sudden closure and or winding up of the setting. ## **Why does the Nursery need a reserve?** St Mary’s Church Nursery holds at least £20,000 in reserve as it is a requirement for winding up, continuation, interim building replacement in case of emergency, representing 2 terms running costs and redundancy payments for all nursery staff should the nursery have to close. **What is level of reserve held?** Some £70,000 in addition to the contingency reserve. ## **Why hold this level of reserve?** This level of reserve is held to provide the Nursery with options for future accommodation either its own building or to move to another building. ## **Arrangements for monitoring & reviewing of this policy** : Annually by Trustees ## **4 Funds held as Custodian Trustees** A CAF Bank account was opened in October 2009 as an investment. This is now with Scottish Widows. ## **5 Activities, Achievements and Performance** We have enjoyed a relatively normal year with lots of children. Grace joined the team in January 2022 and we had a full staff from then. The staff worked tirelessly to provide the very best opportunities for the children to progress and it was with pride in their achievements that 20 children moved on to the next stage of their education in July. The Nursery now has an excellent website ( www.stmarysnurserydunmow.co.uk ) and also uses Facebook to publicise its activities. The Trustees welcomed Marzena Jeffrey as a parent Trustee in May 2022 and so have a full quota. The Trustees thank Steve Miles for being honorary treasurer for just over two years and welcome Malcolm Dulwich as his successor. Mike Best was appointed as Independent Examiner and gave the Nursery accounts a clean report. In January 2022 the Trustees decided that the National Living Wage should be implemented with a corresponding percentage increase for the Managers. The Trustees are fully aware of the current cost of living crisis and will review all wages in January 2023. The Trustees are grateful for the fundraising efforts of staff and others which help to provide the best equipment possible for the children. ## **6 Public Benefit** The nursery’s benefits to public include evidence that primary children gained from us settle quickly and easily into reception classes. Consequently, their work and development there is enhanced. By providing the appropriate early years foundation education, excellent preparation for school is achieved along with the satisfaction of receiving good external assessment from parents, primary schools, St Mary’s Church, Ofsted and the Pre School Learning Alliance which are all measurable. ## **7 Future Plans** - To continue to monitor the Nursery role & income levels and maintain a positive budget - To look to achieve the best possible accommodation for the Nursery Tim Potter Chairman of Trustees (October 2022) CHARITY COMMISSION FOR ENGtMO AND WALES f120280 Receipts and payments accounts CC16a 01KW2021 Section A Receipts and payments Lasiyear A1 Receipts 10 11.018 47*72 24 Fu￿j 411 V13 Sub total(Gnxs in for AR) (see t*A• Sub totri 4116 16 a10D Course Fees Sub total ha5e4 (see table) Sub to 7295 A6 Cash funds last￿end 104761 1￿711 CXK R1 ￿JnIS ISSI 1•J11r2 Section B Statement of assets and liabilities at the end of the period Categortes DÈtwls B1 Cash funds 34179 104781 funds knneaEost£ Details B4 Assets retsined for thè Charity's own use Dotais 85 Liabilitie5 Dale of 14111r2022 Inde eDdent Examiner's Re rt to the Trnstees of St Ma 's Nurse Dunmow I r¢port on the a￿OUnts of Si Mary's Nurscry, Dutllnow (R¢gi51ucd Charity No. 1120280) for the year ended 31. August 2022 which are set out on the following page. nsibilities of trusttts and examiner. liv¢ ￿$ The charity's trnstees are r¢sw)nsible for the pr¢pardtion of th¢ accounts. The Charity's Irusiees consider that an audit is not required for this yw under section I W2) of th¢ Charities Act 2011 (the 201 l Act) and ihal an independent examination is needed. It is my responsibility to: • examine the ac¢ounts under section 145 of the Charities Act 2011 . follow the procdures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act state whether particular matters have come to my atteniion fin ndcnt examin¢r's rc My examination was Carried out in ￿cordanCe with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kepi by. the charity and a comparison of the acwunts presented with those records. li also includes onsideration of any unusual it¢ms or disclosures in the accounts. and seeking explanations from you as tTUStecs concerning any such mattcrs. The procedures undertaken do not pro￿ld¢ all the evidence that would be required in an audit and consequently no opinion is given as io whdher the accounls present a'truc and fair view. and the report is limited to those matters set out in the next statement. Inde ndent examiner's statcmcnt In cKJnnection with my examinatio￿ no matter has come ￿ mv attrntion: (l) which gives me reasonable cause lo believe that in any material respect the requirements: lo keep accounting records in accordance with section 130 of the 2011 Aet and seciion 44(1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and . to prepare accounts which accord with the accounting records and compl>. with the accounting requirements of the 201 l Act and section 44(1)(b) of the 2005 Act and Regulation 9 vftlikn 2006 R¥&uluiivEIJ have not been met or (2) which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Michael C Best 19. Lower Millfield, Dunmow CM6 IEN 22 September 2022