2023-08-31-accounts

CATHERINGTON NURSERY (A company limited by guarantee) Annual Report and Financial Statements for the year ended 315* August 2023 Company Number: 05884030 Charity Number: 1128656

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CATHERINGTON NURSERY

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TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 315" AUGUST 2023

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Registeredcharitynumber:	1128656
Charityprincipaladdress:	Catherington Village Hall,
	Catherington Lane,
	Waterlooville
	Hants
	PO8 OTD
Names ofthe trustees whomanage the charity:	Office held:
Angela Hughes	Directorand Treasurer
Allison Sayers	Directorand Secretary
Typeofgoverning document:	Memorandum& Articles
Howthe charityis constituted:	Catherington Nursery is a Company limited by guarantee, with 2 directors and 4 part time
	employees
Trustee selection methods:	Trustees are appointed or reappointed at the
	AnnualGeneralMeeting	heldinSeptember

Catherington Nursery has all the statutory required policies in place, this includes Safeguarding children, Equality of Opportunity, Promoting Health and Hygiene, Employment, Health & Safety, Administration, Child Care Practice, Partnerships, Record Keeping. These policies are kept at the Nursery and are reviewed and updated annually.

Objectives and Activities:

Catherington Nursery aims to:

• « provide high quality care and education for children primarily below statutory school age. « work in partnership with parents to help children to learn and develop. « add to the life and wellbeing of its local community; and » offer children and their parents a service that promotes equality and values diversity.

We ensure all parents have the right to be:

• « valued and respected « kept informed « consulted e involved; and e included at all levels.

We aim to ensure that each child:

• e isin asafe and stimulating environment « is given generous care and attention, because of our ratio of qualified staff to children, as well as volunteer parent helpers

• « has the chance to join with other children and adults to five, play, work and learn together « _ is helped to take forward his/her learning and development by being helped to build on what he/she already knows and can do

• « has a personal key person who makes sure each child makes satisfying progress + isin a nursery that sees parents as partners in helping each child to learn and develop; and » isin anursery in which parents help to shape the service it offers.

At Catherington Nursery we maintain the ratio of adults to children that is set through the National Standardsratios. Thisforhelps Day usCare.to: We also have volunteer parent: helpers where possible to complement these

• give time and attention to each child

• • talk with the children about their interests and activities « help children to experience and benefit from the activities we provide e allow the children to explore and be adventurous in safety.

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CATHERINGTON NURSERY

TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 318? AUGUST 2023

Children start to learn about the world around them fromthe moment they are born. The care and education offered by Catherington Nursery helps children to continue to do this by providing all the children with interesting activities that are appropriate for their age and stage of development.

For each area, the level of progress that children are expected to have attained by the end of the Early Years Foundation Stage is defined by the Early Learning Goals. These goals state what it is expected that children will know, and be able to do, by the end of the reception year of their education.

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The Early Years Outcomes (DfE 2021) guidance sets out the likely stages of progress a child makes along their progress towards the Early Learning Goals. Catherington Nursery has regard to these when we assess children and plan for their learning. Our programme supports children to develop the knowledge, skills and understanding.

We are also regularly inspected by OFSTED — our last inspection was January 2023, where we were graded Good.

The guidance divides children’s learning and development into seven areas:

EYFS divide these into three prime areas and four specific areas.

The three prime areas are the most crucial for a child's healthy development.

• e Communication and Language

• « Physical Development « Personal, Social and Emotional Development

• The four specific areas detail the important skills a childwill need to develop. « Literacy « Mathematics

• e Understanding the Worid

• e Expressing Arts & Design

Summary of main achievements of the charity for the year 2022-2023: With support from our loca! authority, we identified our practice, and have put.in place, a different approach and environment, indoors and outdoors, which ensured that our OFSTED inspection was upgraded from Requires Improvement to Good.

Staff have continued to enhance their knowledge and continuous professional development training. We fund all our courses independently.

Financial review:

We try to hold a reserve of approximately £10,000 to meet any unforeseen expenditure. Our main source of funds is received through Early Years government funding for 2 & 3 years olds. We also receive fees from children that are not eligible for funding (funding is given to children in the term after their 29 & 3° birthday).

Once all running costs/expenditure have been paid, all remaining funds are used to provide the children with equipment and resources.

Future Plans:

The Trustees, who are the directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31% August 2023. This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

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CATHERINGTON NURSERY

TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 318? AUGUST 2023

The annual report was approved by the Trustees of the charity and signed on its behalf by:

Angela Hughes j Trustee Date Wonuchy 2A

Allison Sayers Trustee Date

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CATHERINGTONSTATEMENT. OF FINANCIALNURSERY ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2023

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||||||| |---|---|---|---|---|---| |Unrestricted|2023|Unrestricted|2022| |Funds|Total|Funds|Total| |Notes|£|£|E|£| |Income| |Income from charitable activities|2|131,211|131,211|443,889|413,889| |Investment income|3|21|21|4||| |eT|———| |431,232|431,232|413,890|413,890| |Total|Income| |Expenditure| |Charitable activities|4|428,616|428,616|415,028|115,028| |eT|rr| |428,616|428,616|115,028|415,028| |Total|expenditure| |Net income/expenditure|2,616|2,616|(1,138)-|(1,138)-| |-|-| |Transfers between|funds| |Net movement In funds|ee2,616|—|2,616|_(1,138)|(1,138)| |Reconcillation|of funds:| |Total funds brought forward|22,379|22,379|23,517|23,517| |————————|eT| |Total funds carried forward|24,995|24,995|22,379|22,379|

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Alliransactions are derived from continuing activities. All recognised gains and losses are Included in the Statement of Financial Activities

The notes on pages 6 to 8 form an integral part of these financial statements

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CATHERINGTON NURSERY BALANCE SHEET - COMPANY REGISTRATION NUMBER 05884030 AS AT 31ST AUGUST 2023

AS AT 31ST AUGUSTAUGUST 2023
		2023		2022
	Notes	£	£	£	£
Fixed Assets
Tangible Assets	6		2,756		3,376
CurrentAssets
Cash at bank and in hand		24,012		20,564
Debtors		173		191
		24,185		20,755
Creditors: amounts falling duewithin oneyear	7	(1,946)		(1,752)
Net Current Assets			22,239		19,003
NetAssets			24,995		22,379
Funds
Unrestricted Funds	9		24,995		22,379
			24,995		22,379

For the financial year ended 34st August 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The Trustees have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees (who are also directors of Catherington Nursery for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applicatlon of resources, Including the 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 then apply them consistently;

• observe the methods and principles in the Charities SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained In the financial statements;

• prepare the financial statements on the going concern basis unless it ls inappropriate to presume that the charitable company will continue in operation.

The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board on and signed on its behalf by:

AngelaAiropdiotHughes , Trustee Date: Nouanuicwy Db.

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AesopAllison Sayers sb
Trustee
Date: | | rae
Wy Ada
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The notes on pages6 to 8 form an integral part of these financlal statements

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CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

• 1 Accounting Policles

1.1. Charity information

Catherington Nursery Is a charity limited by guarantee and incorporated in England and Wales. The registered office Is Catherington Village Hall, Catherington Lane, Waterlooville, Hampshire, PO8 OTD.

Catherington Nursery meets the definitlon of a public benefit entity under section 34 of FRS 102. Assets and fiabilltles are initially recognised at historical cost or transaction value, unless otherwise stated In the relevant accounting policy.

The principal objectives of the charity are detailed in the Trustees Report.

1.2 Basis of preparation of financial statamants

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 102) (from October 2019) - Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

1.3. Income

Income Is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, It is probable that the incame will bs received and the amount can be measured reliably.

Income from investments is included in the year in which it is receivable.

1.4 Expenditure

Resources expended are recognised in the period in which they are incurred. Resources expended are allocated to the particluar activity where the cost relates directly to that activity.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activites and services for its beneficiaries. It includes both costs that can be allocated directly fo such activities and those costs of an indirect nature necessary to support them.

1.5 Tangible Fixed Assets and Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings

~ 20% Reducing balance

1.6 Financial Instruments

The charity has elected to apply the provisions of Section 11 'Basic Financlal instruments' and Section 12 ‘Other Financtal Instruments Issues’ of FRS102 to all of its flnanclal Instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and Ifabllitles are offset, with the net amounts presented in the financial statements, when there Is a legally enforceable right to set off the recognised amounts and there Is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The charity's financial assets and liabilities consist of cash and cash equivalents, shart term investments, trade debtors, trade creditors and accrued expenses. The fair value of these items approximates thelr carrying value due to their short term value. Unless otherwise noted, the charity Is not exposed to significant interest, foreign exchange or credit risks arising from these instruments,

Term deposits of jess than one year are classified as investments within current assets.

1.7 Deferred Income

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Income is deferred where the charity is not yet entitled to the use of the resources, When the pre-conditions for use are met then the income is recognised.

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CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

2		[Income from charitable activities	Unrestricted	2023	Unrestricted	2022
			Funds		Funds
			£	£	£	£
		Fees	130,640	130,640	113,327	113,327
		Other income	571	571	562	562
			131,214	131,211	413,889	113,889
3	=	Investmentincome	Unrestricted	2023	Unrestricted	2021
			Funds		Funds
			£	£	£	£
		tnterast receivableon bank deposits	24	21	i	1
			24	21	1	i
4		Charitable activities	Unrestricted	2023	Unrestricted	2022
			Funds		Funds
			£	£	£	£
		Employment costs	106,986	106,986	90,814	90,811
		Establishment costs	7,386	7,386	8,174	8,174
		Repalrs and malntenanca	286	286	1,255	1,255
		Office expanses	1,156	1,156	445	445
		Printing, postage and stationery	1,335	1,335	2,793	2,793
		Subscriptions and donations	1,348	1,348	655	655
		Sundryand other costs	187	487	457	457
		Cleaning and refreshments	1,581	1,584	1,268	1,268
		Toys, crafts and books	1,287	1,287	3,336	3,336
		Uniforms	1,479	4,479	308	308
		Independent examination fees	900	900	871	871
		Legal and professional costs	3,643	3,643	3,705	3,705
		Bad Debts	290	290	105	405
		Bank Service charges	65	65	-	-
		Depreciation oftangible fixed assets	687	687	845	845
			128,616	128,616	115,028	115,028

5 Employees

Number of employees

The average monthly number ofemployees during the yearwas as follows:	The average monthly number ofemployees during the yearwas as follows:	The average monthly number ofemployees during the yearwas as follows:	2023	2022
Charitable activities			7	7
Employmentcosts	Unrestricted	2023	Unrestricted	2022
	Funds	;	Funds
	£	£		£
Wages & salaries	403,440	103,440	87,303	87,303
Soclal security costs	368	368	950	950
Pension Contributions	1,690	1,690	1,197	1,197
	105,498	105,498	89,450	89,450

No employee earned more than £60,000, The following amounts were paid to Trustees: Angela Hughes £23,816 (2022: £24,779), and Allison Sayers £23,162 (2022: £23,562), as remuneration for employment in the nursery. During the year £Nil expenses were paid fo Trustees (2022: ENil)

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CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

6 Tangible fixed assets

6		Tangible fixed assets
						Fixed	Total
						Assets
		Cost				£	£
		At ist September 2022				24,154	24,154
		Additions				67	67
		Disposals				-	-
		At 3ist August 2023				24,221	24,224
		Depreciation
		At ist September 2022				20,778	20,778
		On Disposals			.	-	-
		Charge for the year				687	687
		At 3ist August 2023				21,465	21,465
		Net book values
		At 31st August 2023				2,756	2,756
		At 31stAugust 2022				3,376	3,376
7		Creditors: amounts falling duewithIn oneyear
						2023	2022
						£	£
		Accruals and deferred revenue				900	900
		Other creditors				357	257
		Other taxes& social securlty				689	596
						1,946	1,753
8	=	Analysis ofNet Assetsbetween Funds
						Unrestricted	2023
						Funds
		Fund balances at 31 August 2023 as represented by:				£	£
		Tangible fixed assets				2,756	2,756
		Current assets				24,185	24,185
		Current liabilities				(1,946)	(1,946)
						24,995	24,995
					Unrestricted		2022
						Funds
		Fund balances at31 August2022 as represented by:				£	£
		Tangible fixed assets				3,376	3,376
		Current assets				20,755	20,755
		Current liabilities				(1,752)	(1,752)
						22,379	22,379
9		Unrestricted Funds
			istSeptember				31st August
			2022	Income	Expenditure		2023
			£	£			£
		General reserve	22,379	131,232		128,616	24,995
			22,379	131,232		128,616	24,995
			istSeptember				31st August
			2021	Income	Expenditure		2022
			£	£			£
		General reserve	23,517	113,890		115,028	22,379
			23,517	113,890		115,028	22,379

9 Unrestricted Funds

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CATHERINGTON NURSERY

Independent ExamI|ner's Report to the Trustees of Catherington Nursery

| report to the charity trustees on my examination of the accounts of the company for the year ended 31%! August 2023 which are set out on pages 3 to 8.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts In accordance 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, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’), In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. :

Independent examiner's statement

| have completed my examination. | conftrm that no matters have come to my attention in connection with the examination giving me cause to belleve that in any materlal respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

2. 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

3. the accounts have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practice for accounting and reporting by charitles [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

| 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.

Kerry Lawrance FCA

Compass Accountants Chartered Accountants and Statutory Auditors Venture House The Tanneries

East Street Titchfield Hampshire PO14 4AR

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Date: (2 nt (eicoey 202¢