REGISTERED COMPANY NVMBER.. 06398420 (England and Wales) REGISTEREO CHARITY NUMBER.. 1126801 REPORT OFTHE TRusfEES AND UNAUDITED FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 ocfoBER 2023 FOR WEST WIGHT NURSERY BriBht Brown knmited Chartered Accountants Exchan8e House St. Cr05s Lane Newport Isle ol Wight P030 5BZ
WE57 WIGHT NURSERY CONTEP4TS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCT08ER 2023 PaEe Reference and Administrati¥e Detslls Report of the Trusteès Independent Examlne¢s Report ststement of Flnanclal Artlvltles Balance Sheet Noles to the Flnandal Statements 10 to 16 Detalled Stalernent of FInala Aclhrfties 17 to 18
WESTWIGHTNLIRSERY REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 OCTOBER 2023 TRUSTEES Mr J Howe Mrs S Richards Mi55 M C Millard r5 E Pen5tone-Smlth IAr LJ Brett-Hill COMPAPIY SECRETARY Mr5 S Richard5 REGISTERED OFFICE 5umtners Lane Totland Isle of Wight P039 OHQ REGISTEREO COMPANY NUMBER 06398420 IEn8land and Wales) REGISTEREO CHARITY NUMBER 1126801 INDEPENDENT EXAMINER Bright Brown knmited Chartered Accountants Exch3nge House St. Cr055 Lane Newport s12 of Wight P030 5BZ BANKERS ThE Co-operative Bank plc Page I
WEST WIGHT NURSERY (REGISTERED NUMBER-. 063984201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ooBER 2023 The trustees who are a150 directors of the charity for the purpose5 of the Companies Act 2(K)6, present thelr report wlth the financial statements ol the charity for the year ended 31 October 2023. The trustees have adDPted the provlsions of Accounting and Reporting by Charit5es.. Statemont of Recommended Practlce applicable to charities preparing thelr accounls In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffective l January 20191. OBJEcnvES ANOACYIVITIES Oblectives and aims The principal activity of the eompany is the PTovlslon of nursery Ca and eduration for babies and pre-school inf£nts and the provision and promotion of cla55e5, lectures, facilitie5, 5ervios and resourtes for educating and furthering the education of EhildrEn and adult5 Df all a8P5 afid abilitie5. Public benefit All the activities of the charity locus on deliverlng community benefit and are in accordance with the objetts of the ChartY. The trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any poweis or duties to which the guidance is relevant. Page 2
WEST WIGHT NU85ERV IREGISTERED NUMBER: 1%1984201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCFO8£R 2023 ACHIEVEMENT ANO PERFORMANCE The past year we have continued to accommotlate large number5 of children whlth means we have an increase in staff and thus wages. However Grant funding and fe25 have Sustained us financially. Totland Parish Councll have 8enerously donated £5,C(Kl in April 2023 again this financihl year- unrestrlcted. and continue covering the cost of our 8SS cutting which amounts to around £800 a year. Our 3pprentices brought us £3,500 In,. to contribute to their wages andlor course work time and Tesco's Groundworks donation of £1,125 conrinued to pay our Ukranian/English Teacher to provide English lessons until April 2023 we received tho money in arrears. Our HAF monev wa5 set aside in our IT account to be used as needed and as l rnentioned thi5 helpod with larger expenses such as Insurance and Accountants fees as we had enough to coverthe HAF expenses ot of ourfeés. In tot?1 we have efflployed an average of 22 staff rhks year,. that it oui Adrninistrator, site Manèger, 3 part timÈ tle?nEfs, Manager and 16 Room Staff. Once agai a5 part ol the Governments endeavours to provide for vulnerable families the Nursery ha5 beneflted Irem a HAF holiday funding programmo ovcr the past Eastei 2023 and Surnmer 2023 holidays periods.This has certainly helped us sustain OUT5elves dunng what IS Usualty the haidest part of our year, August when our familie5 ofien withdraw for parts of the 5urnmer and we lose our NursÈry grant fuTTrdpd children. The grant provided 10 places 5 days a week for 5 weeks over the sumrner. paying for breakfast. lunch and activity places for disadvantaged children. Thankfulkst yve had even more than rhat $0 gained an addit*onal bit of funding which made up for certainly in the 5urnrner, the lack of our nomial holiday club attendee5 due to the c05t of living crisis. We are noticing that our regular users 3re feeling the financial pinth and not using the holiday club a5 muth. We used less of the sports centre i.e. going rock wall climbing only and swimming 3 time5 but made use of the beach. copse and local parks as well the school PE coach to Provide activities this year with themed week5 arountl be6ch cle3n up and sustainability. water weeks, ènd copse weeks to try and see if thi5 peeked Interest. Regardless of that the weEk5 were attended by N)t only our on site school but a number of other loral School childr&n. We also madÈ use of the school chef two d8y5 a week over the summer who then provided 3 of the S me815 a week ènd did cooking wlth the children as well, 35 an artivity. Part ol the remit is heglthy eatng habit5. The last of our Ukranian English lessons finished in April 2023 and the last donation for that W3s from Tesco. Wo should feel proud that w2 Managed to offer these En8lish lessons for almost a year to our refugee families through donatians and fundlng pots froffl TESCO and FshWater Parish HAF fund. We helped insure that our loca Ukranian refLtgees got a 8reat start to their integ¥ation into our community and afforded at least one of them employment from teachlng the classÈs. Numbers have remained steady and thls had helped us remaln 5UStainable. The baby room and 2 year old spaTrs ont5nue to be in demand. We continue to work with the on slte sehool to create opportunities that will rnutually beneflt U5. They have reduced the rourn hre to ane side ol the buildine as we did increase the rent nominally. Thls is continuing to work WEII for them. The tearn retnain5 focused under the guidance of the marbager who £ontinues to maintaln ihe high expertatlons that awarded us an outstanding grade from Ofsted. We are not resting on our laurels. The Trustees have continued to meet every few months to review policies and financ&. John Howe rernain5 Chair and Sylvia Richards Sec¥elary and all cOntine to support both the Maneer and her Staff Team In thelr roles. As well a5 maintaining the integrity and safety of the business and the slie. Our addirional Trustees Lester Brett-Hill, Mary MSllard and Ellen Pen5tone-Smith our parent comtingent of the Trustee5 continue to conlrsbute where they can. Ellen has worked allY hard on resolving and Soufcing someone to help us cut down trees that are dead the copse and LÈster and her woiked on our tree plantins in the Sen50ry garden area after Ellen 50LITced a grant foi the fruit trees. All continue to source lufidirE In any way we can to sustain Trot only the operation of the business but new projects that will continue to benefit our community. Page 3
WESTWIGHT NURSERY IREGISTeREO NUMeER: 063984201 REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 Toddler group continue5 to run out of the Family Centre locally which benefits tho business in attracting new families to the site and making u5 3¢ce5sIble to the wider community. The time bank dnd lood bank cotInUe to utilise us a5 a venue for excess food cvlleeted from the Coop waste to give to veneiable families and we have sl8nposted 1amile5 durin8 the summer to the food bank and local food baskets distributed by the ltsvely lady at the time bank who has Sourced funding for this aTrd benefits 6 OF our needy families amongst others. They also ran a summer pet food initiative that our families could tèke advantage of. Certainly the cost OÉ living crisis has created a need for any financial initiatlve that can alleviate the st3in on families finances. We must continue tts acknowledge the staff who work $0 exceptionally hard to ensure Dur NLfjrsery remains a firrn favorite in ihe comrnunity with the high Standard of provlsion they offer. We ale now one ol three Nurseries operatlnÈ in Fre5hwatp.r with the move of Yarmouth School into the new build which offers families rnore 3ffordable choice5 but they ContnVe tl) Ehoose u5. (We remain the only "outstanding facility). Without a team like Durs no matter what resources we have this would not be ptsss1b and we, the Tfustees, would like to acknowledge that! staff contine to undertake trainin8 through the Local Authority and Apprenticeship Schemes. This has provlded additional funding to SUPPQrt thelr wages though from Education 3nd HTP contlnues to be our pfovider of choice. The Manager continues to facilitate the wellbeing of the team through regular appraisaI5, supervision, peer mentorin8. training. Policie5 and these efforts continue to ensure a healthy, happy, safe work Pla for all. We are pleased to continue offering not only chlldtare SeIce5, but to the local community a place that Otsted has recognised ensures 'Children develop excellent levels o15elf-esteem and a posStive, can-do attlde in all thatthey do FINANCIAL REVIEW Financlal posltlon Total income for the period amounted to E335,73412022.. £322,586). Costs of tharitable attIvleS amount@d to £336.206 12022.. £321,85J l. Unrestrirted and restricted fund5 carried lorward at the end of the year amounted to £22,229 and £NIL respeclively12022.. E22,701 and £NILI Investment pollcy and objertlves The council of manègement have the power to invest In such assets 3$ they see lit. Re5erve5 pollry It is the pollcy of the charity to maintain free reserves. which are the unre5tiictEd funds ol the charityi ex¢ludin& those used to purchase fixed a55et5. at a level as to provide sufficient fund5 to cover DPEr3ting costs in thÈ short term and io respond to situations arisinc throughout the year. At the end of the repDrting period, total fvnds held are E22,22912022., ££22,10161. which includes £NIL12022.. £NIL restrirted funds and £ILI,18212022.. £10,745) fXed assets, leavins a free reserves surplus of £12.04712022.. £ 11.9561. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, its Mcmorandum and Article5 of Associatioti, and tonstitute5 limited company, limiied by guar3ntcc, as def*ned by the Cctppanie5 Act 26. The charity was incorporated on 15 October 2017 and commenced operating on l Novernber 2008. Members guarantee, if the charity is dissolved while they are a member or within twefve months of them ceasing to be member, to pay £10 Éowards the payment of the debts and liabilities of the company incurred before they ceased to be member. Pa8e 4
WEST WIGHT NURSERY IREG15TERED NUMBER.. 063984201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER ZOZ3 STRucfuRE, GOVERNANCE AND MANAGEMENT Recrultment and appolntment of new trustee5 The trustees, who have served during the year, and Sin the year end, aTe set out on page 2 of the accounts. Trustees ale appointed by the board of trustee5 3nd must retire at the next annual general meetin8. when they may put themselvES lorward for r¢appoiTrtrnent. The trustees retire by fotation. The 8oard has the re5pDnsibillty for e5tablishln8 policy. Delwery of thes¢ policy deci510n5 IS the responsibility of the Board and the Committee membEf5. Risk management The charity has carried out a risk review to coTrfim that 5yStetn5 have been established In order that the necessary step5 can be taken to reduce these risk5. Approved by order of the board of trustees on.... and signed on its behaK by.. Mrl owe- Trustee Page 5
INDEPENDENT EXAMINER'S REPOXTYO THE TRUSTEES OF WEST WIGHT NURSERY IREGISTÉRED NUMBER: 063984201 Independent examiner's reporl tD the tr115tep5 of West Wight Nurspry I'lhe Company'l I report to the charity trustees on my examination of the account5 of the Cornpanylor the year ended 31 Ortober 2023. Rpsponsiblllties and basls ol report A5 the charitrf5 tru5tee5 01 ihe Company land also its dSrectory for the purposes ol company lawl you are responsible for the preparation of the accounts in accordan wTrth the requirements of the Companie5 Act 20061'the 2(M)6 Att'l. Having sat15fied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are elfjgible lor indef)endent examination, I report in respect of my exarnination of your charity'5 accounts as carried out under Section 145 of the Charities Act 2011 1.the 2011 Act'l. In carryin8 Out ffly examination I have lollowed thÈ Oirectlon5 8ivefi by the Charity Commission under Section 145151 Ibl of the 2011 Act. INlependent examlner's ststement Since your charity's Ef055 income exceeded £250,000 your eMiner must be a member of a 11sted body. I can confirm that l arn qualified to undertake the examination because l arn a member of the Instltute of Chartered Accountants in England and Wales, which is one of the listed bodie5. I have completed my examination. I toThfJrm that no matters have come to my attention in connection wlth the examination giving me cause io believe- ccountlng records were not kept in rp5pe¢t of the Company as rÈquired by Section 386 of the 2006 Act.. or the accoltnts do not accord with those retords,. or the 8CCDunt5 do not ¢ompJy wlth the accounting requirements of Section 396 of the 2006 Aet other than any requ1Ment thot the accounts give a true and fair view which is not è matier considered as part of an Independent examin8tlon' or the accounts have not been prepared in accordance Wlth the methods and principles of the Statemenl of Recommended Practice for accounting and repofting by chair(ie513pplicablÈ to charitles preparing their account5 in occordance with the Financial R2portirbg Stsndard applicable in the UK and Republic DI Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attenilon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. G Kelly The Instltute of Chèrtered Atcountant5 ITh England and Wales 8rlght Brown Llmited Isle of Wight Date.. Page 6
WEST WIGHT NURSERY STATEMENY OF FINANCIALACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Total funds 2022 Total fund5 Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Oonatlons and legacie5 163,214 1.625 164,839 170,827 Charltable actlvltles Nursery 166,363 166,363 147,120 Other trading activitles Investment income 4,485 4,485 48 4,600 39 Total 334,110 1,625 335,735 322,586 EXPENOITURE ON Charltable actlvities Nursery 334.502 1,625 336,127 312.851 NET INCOMEIIEXPENDITUREI 13921 13921 9,735 RECONCILIATION OF FUNDS 'rotal lunds brought forward 22.701 22,701 12,966 TOTAL FUNDS CARRIED FORWARD 22,309 22,309 22,701 The notes forrn part of these financial 5tètements Fage 7
WEST WIGHT NURSERY IREGISTERED NUMBEII: 063984201 BALANCE SHEET 31 OCTOBER 20Z3 2023 2022 Notes FIXED ASSETS Tangible èssets 10,182 10,745 CURRENT ASSETS Debtor5 Cash at bank and in hand 10,360 33,859 10,709 31,433 44.219 42.142 CREDITORS Amounts falling due wlthiTh one year io 132,0921 130,1861 NET CURRENV ASSErs 12,127 11.956 TOTALASSETS LESS CURRENT UABIUTIES 22.309 22.701 Nrf ASSE15 22.309 22.701 FUNDS Unrestricted funtls 13 22,309 22,701 TOTALFUNDS 22,309 22,701 The charltable company is entitled to exemption from audit under SectK)n 477 of the Companies Act 2006 for the year ended 31 Odobor 2023. The members have not requbred the company to ob13in an audit of its financial 5tètements for the year ended 31 October 2023 in accordance with Settion 476 of the Companies Att 2006. The trustees acknowled8e their responsibilities for en5urin£ that the charitable company keeps accounting record5 that comply with Settions 386 and 387 of the Componies Art 2006 and preparing financial staternents which give a tru@ and fair view of the state of affairs of the charitat)le company 35 at the Ènd ol each financial year and of its Surplus or deficit lor each financial year in accordance with the requirements of Sections 394 and 395 and whith otherw5se comply wlth the requirements of the Companies Act 2006 relatingto finaThtlal statements, sofar as applicable to the charitable company. The notes form part of these fSnantlal statements Page 11 contlnued...
WEST WIGHT NUFISERY IREGISTERED NUMBER: 063984201 BALANCE SHEET- contlnued 31 OCTOBER 2023 These linancial staternents have been prepared irt accordance with the provisions applicable to charliable cornpanles sulgeci to the small (MpanIeS re8irne. Tho financial stètements were approved by the Board of Trustees and authorlsed for issue on and were signed on its behalf by.. MrJH Trustee The note5 form part of these financial statements Page 9
WEST WIGHT NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED >1 OCTOBER 2023 ACCOUNTING POLICIES Basls of preparlngthe fifianclal statements The flnancièl statements of the charitable company. whlch is a public benefit entity under FR5 102. have been piepared in accordance with the Charitie5 SORP (FR5 102) 'Accounting and Reportin8 by Charitie5.' statement of Recommended Practice applicable to charities preparlnE their aCCDunts in accordance with the Financial Reportln8 Standard applltable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Standard 102 'The Financial RePOrtng Standard applicablE in the UK and Republic of Ireland, and the Companies Act 2006. The linancial statements have been prepared under the hi%toiical cast coovention. Inrne All income is reco8nised in the Statement ul Financial Activities ore the charity has entitlement to the funds, it is probable that the incoFne will bp ieoived and the amount can be measured reliably. Expendlture Liabilities are fecognised as expenditure as 500n as there is a leEal or constructlve obligation comrnitting the charity to that expenditvre, it is probable that a transfer of eccnomit benefits will be required in settlernent artd the amount of the obligation can be measured reliably. Expenditure accounted for on an atcruals basis and has been classified under heading5 that ag8rcgate all cost related to tho category. Where cost5 cannot be directl¥ attributed to particular headings they have been allocated to activlties on a basis consistent with the use of resources. Tangible Ilxed assets Deprecation 15 piovided at the folbwing annual rates in order to wrlte off each asset over its egtlmated useful Plant and machinery ComputÈr eQ1pMent Straight line over 10 years Straight line over d years Taxatlon The charity 15 exempt frorn corporation tax on its charicable activities. Fund auounting L)nrestricted funds can be used in accordance with the (hèritable oblective5 at thE disttIOn of the trustees. Restricted funds can only be used for particular restrlcted purposes within the objetts of the charlty, Restrictions arise when specilied by the donor or when funds are raised lor particular restricted purposes. Further explanation of the rtature and PLsrpose of each fund is Included In the notes to thefinancial atefflents. Pension costs and other p05t-retlreTnent bpnefit5 The charitable cornpany OPErate5 a delined cOntribtI peTrsion scheme. Contribution5 payable to the charitèble company'5 pension scheme afe char8ed to the Statement of Fillancial Activities in the period to which they relate. Page 10 continued...
WEST WIGHT NURSERY NOTES TO THE FINANCIAL SYATEMENT5. contlnued FOR THE YEAR ENDED 31 OCTOBER 2023 OTHER TRADING AcnviTIES 2023 2022 Room hire 4,485 4,6LXS INVESTMENT INCOME 2023 2022 InterÈst received 48 39 NET INCOMEIIEXPENDITUREI Net income/lexpenditurel Is stated after charging/l¢reditingl'. 2023 2022 Oepreciatlon- owned assets 1,851 1,558 TRUSTEES, REMUNERAnON ANO BENEFITS There were nD trustees, remuneration or othei benefits lor the year Ended 31 October 2023 nor for the year ended 31 October 2022. Try5teÈs' expenses There were no trustee5' expenses paid for the year ended 31 Ortober 2023 nor for the year ended 31 October 2022. STAFF COSTS The average tnonthly number ol employees during the year was a5 folk)ws- 2023 16 2022 17 Nur5eiy practitioners Site mana8erlcleaner Administration Manager 22 22 No £rnployees received emoluments in excess of E60,ODO. Pa8e 11 coTht?nued...
WEST WIGHT NVRSERY NOTESTO THE FINANCIALSTATEMENT5- conllnuéd FOR THE YEAR ENDED 31 OCTOBER 20Z3 COMPARAMVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted fund Restricted fund5 Total funds INCOME AND ENDOWMENTS FROM Donations and leeaties 157,827 13,WO 170,827 Charltable activ5tle$ Nuryery 147,120 147,120 Other Lrading activities Investment income 4,600 39 39 Total 309,586 13,000 322,586 EXPENDrruRE ON Charltable aclivliles Nursery 307,330 5,521 312.851 NET INCOME Tranders between lund5 2,256 9,(KJO 7,479 (9.0001 9,735 Net movemÈnt In fvnds 11.256 11,5211 9.735 RECONCIUATION OF FUNDS Total funds brought ftsrward 11.445 1,521 12,966 TOTAL FUNDS CARRIED FORWARD 22,701 22,701 Page 12 continued..
WEST WIGHT NURSERY NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDEO JI OCTOBER 2021 TANGIBLE FIXED ASSEf5 Plant and machinery Computer equipment Totals COST At l Novelnber 2022 Additions Disposals 77.615 193 161,5101 8,729 1.095 16,3781 86,344 1,288 167,8881 At 31 October 2023 16,298 3,446 19,744 DEPRECIATION At l November 2022 Chargo for year Eliminated on disposal 66.870 1,578 161,5101 8,729 273 16,3781 75,599 1.851 167,8881 At 31 October 2023 6938 2,624 9,S62 NET BOOK VALUE At 31 October 2023 9,360 822 10.182 At 31 O¢tober 2022 10,745 10,745 DEBTOR5., AMOUNTS FALLING DUÉ WITHIN ONE YEAR 2023 2022 Trade debtors Other debtor5 Prepayment5 and accrued Sncome 6,708 7,725 3,652. 2,982 10,360 10.709 Page 13 contlnued...
WEST WIGHT NURSERY NOTESTO THE FINANCIAI STATEMENYS- wntlnued FOR THE YEAR ENDED 31 OCTOBER 2023 io. CftEDITOR5.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdraft5 (seè note 111 Tiade creditors Social security 3nd other taxes OthEr creditors Accrued expenses 14 6,928 2.343 19.311 1,590 5,895 2,807 21,624 1,766 32,092 30,186 ii. LOANS An analysi5 of the maturity of loans Is Eiven below.. 2023 2022 Amounts falling due within one year on demand.. 8ank overdrafts 14 12. ANALYSIS OF NET ASSE15 BETWEEN FUNDS 2023 Total funds 2022 Tota fund5 Unrestricted fund Restricted lund5 Fixed assets Current a5SPtS Current liabilsties 10,182 44,219 132,0931 10,182 44,219 132,0921 10,745 42,142 130,1861 22,309 22.309 22,701 13. MOVEMENT IN FUNDS Net movement in funds At 1.11.22 At 31.10.23 Unrestrfc¢ed funds General fund 22,701 13921 22,309 TOTAL FUNDS 22,701 13921 22,309 Page 14 tontlnued...
WEST WIGHY NURSERY NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 OCTOBER 2023 13. MOVEMENT IN FUNDS- continued Net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Movement in funds Uhrestrlcted funds GenEral fund 334,110 1334,5021 13921 Restrlcted funds Hollday Cluts Ukranian Teacher 5LKI 1,125 15001 11,1251 1,625 11.625 TOTAL FUND5 335.735 1336,1271 13921 Compargtives for movement In funds Net rnovemenl in fund5 Transfers between funds At 1.11.21 At 31.10.22 Unre$tri¢ted lunds General fL*nd 11,445 2,256 9,0 22,701 R25trlded funds Wight Aid Boiler 1,521 11,5211 9,000 19,0001 1,521 7,479 19,0001 TOTAL FUNDS 12.966 9,735 21701 Page 15 continued..
WEST WIGHT NURSERY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDEO 31 OCTOBER 2023 13. MOVEMENT IN FUNDS- Contlnued Comparative net movement ITh funds, included in the above are as follows= Incoming resources Resource5 expended Movement in funds Unrestrlrted funds General fund 309,586 1307,3301 1256 Restrlcted fund5 Wight Aid BoilÈr Holiday Club Ukranian Teacher 11,5211 11,5211 9,0 3,000 I,¢0 13,0001 11,0001 13,000 15.5211 7.479 TOTAL FUNDS 322.586 1312.8511 9,735 14. RELATED PARTY D15CLOSURES There were no related party trdnsactions for th2 yeaf efided 31 Ottober 2023. 15. GOING CONCERN As usual the charity holds deferred Income, this year amounting to £20.709, which is not shown a5 incDrne, but will not be repaid and wlll be reported as income in the new ye3r. Preditted attendance inio the new year rematns good, and as such the trustees feel the charity Is in a posltlon to 8enerate Sufficent cash to meet obligations as they fall due for a period of at least 12 months from the date of si£nlnE these financ¢al statements. As such the trustees are sat65fied that the charity has adeguate resources to continue to operate for the foreseeable future, aftd foi th$ ason they contlnue to adopt the going concern basis for preparing these financial statemÈnts. Page 16
WEST NURSERY DAlLED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and legacle5 Donatifins and grants 164,839 170.827 Other tradlng a¢tlvlties Room hire 4,485 Investment income Interest received 39 Charltable activltles Miscellaneou5 income Nursery income 178 166.185 147,120 166,363 147,120 Total Incomlng resources 335,735 322,586 EXPENDITURE Charitable actlvltles Wages Pensions Rate5 and water Insurance Light aftd heat Telephone and internet P05tsge and ststionerv 269,439 10,177 8,559 3,309 14,223 4,029 33 4,196 102 4,092 I,349 1,676 9,125 173 1.852 1,018 242,493 7,435 2.884 10,576 3,146 46 4,839 Travel Repalrs and renewals staff tr3ining Subscriptions Purchase5 Food Voucher5 Depreciation of tanglble fixed assets Bank interest 15,448 1.524 1.685 15.829 1.505 1.559 879 333,352 309,853 Thls pa8e d(S not form part of the statutory financlal statements Page 17
WIGHT NURSERY DETAIIED STATEMEMf OF FINANCIAL AcfiwTIES FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 support Costs Governance costs ndependent examine¢s fees Payroll 1,837 938 1,744 1,254 2,775 2,998 Total re50urce5 expended 336,127 312,851 Net lexpenditurelllncome 13921 9,725 Th15 page doe5 not form part of the statutory flnaDcial statements Page 18