Company registration number.. 06078076 Charity registration number: 1126710 Jumblies Day Nursery (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 29 February 2024 GW&Co. Ltd Waterside Court Falmouth Road Penryn United Kingdom TR10 8AW
Jumblies Day Nursery Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examinerfs Report 5t06 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t015
Jumblies Day Nursery Reference and Administrative Details Charity Registration Number 1126710 Company Registration Number 06078076 The charity is incorporated in England & Wales. Waterside Court Falmouth Road Penryn Cornwall TR10 8AW Registered Office Independent Examiner GW&Co. Ltd Waterside Court Falmouth Road Penryn United Kingdom TR10 8AW Page 1
Jumblies Day Nursery Trustees, Report The trustees, who are directors for the purposes of company taw, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 29 February 2024. Objectives and activities Public benefit Jumblies Day Nursery provides full day care for children up to the age of five years. The nursery's aim is to enable parents to go back to work by providing full day care at a reasonable cost and to provide care and education for children before they start school. Children eligible for Government funding can access their entitlement at no extra cost. Jumblies accepts universal funding (including Early Years Pupil Premium}, 2 year funding and 30 hour funding. We are also going to accept ftjnding for children from 9 months, due to come in this September. Parents can choose to book their children in for extra hours at an hourly rate. This hourly rate is kept low to allow all families in the community to access the nursery. Parents are encouraged to join our committee. The committee offers parents the opportunity to become more involved in the learning and development of their children as well as supporting the management team through sharing their knowledge and experience. Directors are encouraged to take part in training courses. The trustees confimi that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and perforniance Jumblies was inspected by Ofsted in March 2022, who judged the nursery to be good in all areas. The management and staff team have worked hard in ensuring that the objectives set out in the Memorandum of Association have been met. Our Fundrasin9 committee organised a Summer Fair in the Memorial Gardens, which was a huge success and raised a lot of money. This has enabled us to buy resources, fund yoga sessions and have trips. Jumblies employs graduates in leadership positions. One of the managers gained the Early Years Professional qualification following a BA hons degree in Early Childhood Studies. The other Manager has completed the BA hons in Education and Training. All stsff regularly attend training sessions to update and further their knowledge. Paediatric first Aid, Safeguarding and Food Hygiene rtIficateS are regularly updated by all staff. Termly appraisals ensure that staffs training needs are supported. The Manager and Deputy manager have attended Safeguarding Children Lead Professionals Training. We re1ve regular visits from our Early Years Teacher, Early Years Support Assistant and area SENCO to help review and evaluate our practice and put in place any improvements needed. This also keep us updated on any changes implemented by local authority or Ofsted. Page 2
Jumblies Day Nursery Trustees. Report The managers regularly take part in Managers Nelwork meeting by Early Years Cornwall to ensure that all updates are received and implemented if necessary. Staff worked closely with the parents, the speech therapist, the area SENCO (Special Educational Needs Coordinator) and other outside agencies to ensure all children have the best possible support. SENCO neork meetings are regularly attended by our SENCO or assistsnt. Weekly toddler yoga sessions take place on a range of days, French is taught to the older children by a teacher once a week. We regularly take the children to the Memorial Gardens for outside play and are in talks with the council to set up a more permanent base in the park which can be used by the general public as well. All 2,3 and 4 year old took part in a trip to Newquay Zoo this year. The school leavers also visited the Maritime Museum and had a trip to the beach in the open top bus. Jumblies is currently fully booked until Summer 2025, with a long waiting list. Plans for future periods Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Trustees.. Mr Gregory Bennett Mrs Emily Ruth Winson Ms Daisy Abigail Squirrell Sawle Mrs Rosalia Miranda Regini-cook Mrs Anneliese Lucy Meager (resigned 10 October 2023) Miss Samantha May Allen (appointed 4 October 2023) Miss Alice Lily Rushworth-Lund (appointed 4 October 2023) Structure, governance and management Nature of goveming 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. Statement of trustees. responsibilities The trustees (who are also the directors of Jumblies Day Nursery for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Page 3
Jumblies Day Nursery Trustees. Report Company law requires the trustees to prepare financial statements for each financial year. Under Company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements., and 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 that can disclose with reasonable accuracy at any time the financial position of the Gharitable company and enable them to ensure that the financial statements comply with the Companies Act 2008. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditor Each trustee has tsken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual reFort was approved by the trustees of the charity on behalf by.. and signed on its Mr Gregory Bennett Trustee Mrs Emily Ruth Winson Trustee Page 4
Jumblies Day Nursery Independent Examiner's Report to the trustees of Jumblies Day Nursery {'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 February 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 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 examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b) of the 2011 Act. Independent examiner's statement sin the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Jumblies Day Nursery as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rah Warburton FCCA Waterside Court Falmouth Road Penryn United Kingdom TR10 8AW Page 5
Jumblies Day Nursery Independent Examiner's Report to the trustees of Jumblies Day Nursery ('the Company,) Date.. Page 6
Jumblies Day Nursery Statement of Financial Activities for the Year Ended 29 February 2024 (Including Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Other trading activities Investment income 264,418 623 264,418 623 Total income 265,041 265,041 Expenditure on". Charitable activities Other expenditure (246,004) 950 (246,004) 950 Total expenditure 246,954 246,954 Net income 18,087 18,087 Net movement in funds 18,087 18,087 Reconciliation of funds Total funds brought forward 118,611 118,611 Total funds carried forward 16 136,698 Unrestricted funds 136,698 Total 2023 Note Income and Endowments from: Other trading activities Investment income 245,431 89 245,431 89 Totsl income 245,520 245,520 Expenditure on: Charitable activities Other expenditure Total expenditure Net income (232,954) {1,037) (232,954) (1,037) 233,991) 233,991) 11,529 11,529 Net movement in funds 11,529 11,529 Reconciliation of funds Total funds brought forward 107,082 107,082 Total funds carried forward 16 118,611 118,611 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 16. The notes on pages 9 to 15 fomi an integral part of these financial statements. Page 7
Jumblies Day Nursery (Registration number: 06078076) Balance Sheet as at 29 February 2024 2024 2023 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 12 954 1,336 13 14 11,331 132,217 8,055 115,479 123,534 143,548 Creditors: Amounts falling due wtthin one year Net Current assets 15 (7,804 (6,259 135,744 117,275 Net assets 136,898 118,611 Funds of the charity.. Unrestricted income funds Unrestricted funds 136,698 118,611 Total funds 16 136,698 118,611 For the financial year ending 29 February 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476,. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on LY and signed on their behalf by: Mr rego Trustee Bennett Mrs Emily Ruth Winson Trustee The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 1 Charity status The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered Offi is: Waterside Court Falmouth Road Penryn Cornwall TR10 8AW 2 Accounting pollcles Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211 (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basis of preparation Jumblies Day Nursery meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainb'es about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments Expenditure All expenditure is reco9nised On there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 9
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by fl¢)or areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any ests'mated residual value, over their expected useful economic life as follows.. Asset class Plant & machinery Computer equipment Fixtures & fittings Depreciation method and rate 25 /0 on cost 330/0 on cost 330/0 on cost Trade debtors Trade debtors are amounts due for seNices performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page10
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference beeen the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least Iwelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. 3 Income from other trading activities Unrestricted funds General Total funds Trading income., Other trading income Other income from other trading activities 264,218 200 264,218 200 Total for 2024 264,418 264,418 Total for 2023 245,431 245,431 4 Investment income Unrestricted funds General Total funds Interest receivable and similar income; Interest receivable on bank deposits 623 623 Total for 2024 623 623 Total for 2023 89 89 Page11
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 5 Expenditure on charitable activities Unrestricted funds General Totsl funds Note Other costs Staff costs Allocated support costs Governance costs 6,329 213,217 24,278 2,180 6,329 213,217 24,278 2,180 Total for 2024 246,004 246,004 Total for 2023 232,954 232,954 In addition to the expenditure analysed above, there are also governance costs of £2,180 {2023 £2,270) which relate directly to charitable activities. See note 7 for further details. 6 Other expenditure Unrestricted funds General Total funds Note Depreciation, amortisation and other similar costs Total for 2024 950 950 950 950 Total for 2023 1,037 1,037 7 Analysis of governance and support costs Govemance costs Unrestricted funds General Total funds Allocated support costs Total for 2024 2,180 2,180 2,180 2,180 Total for 2023 2,270 2,270 Page 12
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 8 Net incomingloutgoing resources Net incoming resources for the year include: 2024 2023 Depreciation of fixed assets 950 1,037 9 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 10 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Pension costs Other staff costs 207,353 5,292 572 196,881 4,832 715 213,217 202,428 No employee received emoluments of more than £60,000 during the year. Page 13
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 11 Taxation The charity is a registered charity and is therefore exempt from taxation. 12 Tangible fixed assets Furniture and equipment Total Cost At 1 March 2023 Additions 10,016 568 10,016 568 At 29 February 2024 10,584 10,584 Depreciation At 1 March 2023 Charge for the year At 29 February 2024 8,680 950 8,680 950 9,630 9,630 Net book value At 29 February 2024 At 28 February 2023 954 954 1,336 1,336 13 Debtors 2024 2023 Trade debtors Prepayments Other debtors 8,172 878 2,281 6,124 993 938 11,331 8.055 14 Cash and cash equivalents 2024 2023 Cash at bank 132,217 115.479 15 Creditors: amounts falling due within one year Page 14
Jumblies Day Nursery Notes to the Financial Statements for the Year Ended 29 February 2024 2024 2023 Other creditors Accruals 6,044 1,760 4,643 1,616 7,804 6,259 16 Funds Balance at 29 February 2024 Balance at 1 March 2023 Incoming resources Resources expended Unrestricted funds General 118,611 265,041 {246,954 136,698 Balance at 28 February 2023 Balance at 1 March 2022 Incomlng resources Resources expended Unrestrictéd funds General 107,082 245,520 233,991 118,611 Page 15
Jumblies Day Nursery ststement of Financial Activities by fund for the Year Ended 29 February 2024 Unrestricted Funds Total Totsl Unrestricted Unrestricted Funds Funds 2024 2023 Income and Endowments from.. Other trading activities Investment income 264,418 623 245,431 89 Total income 265,041 245,520 Expenditure on: Charitable activities Other expenditure Total expenditure Net income (246,004} (232,954) 1950) {1,037) (246,954) 1233,991) 18,087 11,529 Net movement in funds 18,087 11,529 Reconciliation of funds Total funds brought forward Total funds carried forward 118,611 107,082 136,698 118,611 This page does not fomi part of the ststutory financial statements. Page 16
Jumblies Day Nursery Detailed Ststement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Income and Endowments from: Other trading activities lanalysed below) Investment income (analysed below) Total income 264,418 623 245,431 89 265,041 245,520 Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure (246,004) (950 (232,954) (1,037) {246,g54 1233,991) Net income 18,087 11,529 Net movement in funds 18,087 11,529 Reconciliation of funds Total funds brought forward Total funds carried forward 118,611 107,082 136,698 118,611 This page does not fomi part of the statutory financial statements. Page 17
Jumblies Day Nursery Detailed Statement of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Other trading activities Other income Fees from provision of childcare 200 264,218 264,418 547 244,884 245,431 Investment income Interest on cash deposits 623 89 623 89 Othor ¢¢)sts Playgroup Ofsted Kitchen (5,182) (220) 927 (5,372) {220) {347} (6,329 15,9391 Staff costs Wages and salaries Staff pensions Staff training {207,353) (5,292) (572 (213,217) {196,881) 14,832) 715) (202,428> Support costs Rent and rates Insurance Repairs and maintenance Telephone and fax Printing, postage and stationery Sundry expenses Advertising Payroll processing fees Trade subscriptions Staff meal Uniforms Cleaning Bank interest payable {11,282) (889) (1,661) (1,696> (699) (855> (9,338) (863) (1,650) (1,544> (8731 (5751 {71) {1,212) (2,002) {574) {236} (3,2921 1871 (22,317) (1,479) (2,007) {346) (680) (2,5881 (96) 24,278 Governance costs Independent examineffs fee (2,180) {2,270 This page does not fom part of the statutory financial statements. Page 18
Jumblies Day Nursery Detailed Ststement of Financial Activities for the Year Ended 29 February 2024 Totsl 2024 Total 2023 Other expenditure Depreciation of plant and machinery (950) 950 {1,037) This page does not fom part of the statutory financial ststements. Page 19