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2024-08-31-accounts

CATHERINGTON NURSERY (A company limited by guarantee) Annual Report and Financial Statements for the year ended 31[st] August 2024

Company Number: 05884030 Charity Number: 1128656

CATHERINGTON NURSERY

TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31[ST] AUGUST 2024

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Charity name: Catherington Nursery
Registered charity number: 1128656
Charity principal address: Catherington Village Hall,
Catherington Lane,
Waterlooville
Hants
PO8 0TD
Names of the trustees who manage the charity: Office held:
Angela Hughes Director and Treasurer
Allison Sayers Director and Secretary
Type of governing document: Memorandum & Articles
How the charity is 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
Annual General Meeting held in September
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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, Childcare Practice, Partnerships, Record Keeping . These policies are kept at the Nursery and are reviewed and updated annually.

Objectives and Activities:

Catherington Nursery aims to:

We ensure all parents have the right to be:

We aim to ensure that each child:

At Catherington Nursery we maintain the ratio of adults to children that is set through the National Standards for Day Care. We also have volunteer parent helpers where possible to complement these ratios. This helps us to:

Children start to learn about the world around them from the 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.

1

CATHERINGTON NURSERY

TRUSTEES’ REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31[ST] AUGUST 2024

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.

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.

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.

The four specific areas detail the important skills a child will need to develop.

Summary of main achievements of the charity for the year 2023-2024:

With continued support from our local authority, we identified our practice and have identified some more different approaches to help support children with special needs. Our environment, indoors and outdoors, has been changed and we have built a new sand area, and larger outdoor kitchen area. Which will ensure that our OFSTED remains at least - 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 2[nd] & 3[rd] 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[st] August 2024.

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

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

Angela Hughes Trustee

Date

Allison Sayers Trustee Date

2

CATHERINGTON NURSERY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2024

Notes
Income
Income from charitable activities
2
Investment income
3
Total Income
Expenditure
Charitable activities
4
Total expenditure
Net income/expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
2024
Funds
Total
£
£
134,176
134,176
154
154
134,330
134,330
128,010
128,010
128,010
128,010
6,320
6,320
-
-
6,320
6,320
24,995
24,995
31,315
31,315		 Unrestricted
2023
Funds
Total
£
£
131,211
131,211
21
21
131,232
131,232
128,616
128,616
128,616
128,616
2,616
2,616
-
-
2,616
2,616
22,379
22,379
24,995
24,995

All transactions are derived from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities

The notes on pages 5 to 7 form an integral part of these financial statements

3

CATHERINGTON NURSERY BALANCE SHEET - COMPANY REGISTRATION NUMBER 05884030 AS AT 31ST AUGUST 2024

Notes
Fixed Assets
Tangible Assets
6
Current Assets
Cash at bank and in hand
Debtors
Creditors: amounts falling due within one year
7
Net Current Assets
Net Assets
Funds
Unrestricted Funds
9		 £
£
2,204
31,163
-
31,163
(2,052)
29,111
31,315
31,315
31,315
2024		 £
£
2,756
24,012
173
24,185
(1,946)
22,239
24,995
24,995
24,995
2023

For the financial year ended 31st August 2024, 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 2024 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 application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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:

Angela Hughes Trustee Date:

Allison Sayers Trustee Date:

The notes on pages 5 to 7 form an integral part of these financial statements 4

CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

1 Accounting Policies

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 0TD.

Catherington Nursery meets the definition of a public benefit entity under section 34 of FRS 102. Assets and liabilities 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 statements

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 income will be 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 to 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 Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities 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, short term investments, trade debtors, trade creditors and accrued expenses. The fair value of these items approximates their 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 less than one year are classified as investments within current assets.

1.7 Deferred Income

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.

5

CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

2
Income from charitable activities
Fees
Other income
3
Investment income
Interest receivable on bank deposits
4
Charitable activities
Employment costs
Establishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Subscriptions and donations
Sundry and other costs
Cleaning and refreshments
Toys, crafts and books
Uniforms
Independent examination fees
Legal and professional costs
Bad Debts
Bank Service charges
Depreciation of tangible fixed assets		 Unrestricted
2024
Funds
£
£
133,441
133,441
735
735
134,176
134,176
Unrestricted
2024
Funds
£
£
154
154
154
154
Unrestricted
2024
Funds
£
£
105,266
105,266
9,205
9,205
473
473
530
530
2,616
2,616
1,254
1,254
380
380
1,420
1,420
1,607
1,607
284
284
934
934
3,425
3,425
-
-
64
64
552
552
128,010
128,010		 Unrestricted
2023
Funds
£
£
130,640
130,640
571
571
113,889
113,889
Unrestricted
2023
Funds
£
£
21
21
21
21
Unrestricted
2023
Funds
£
£
106,986
106,986
7,386
7,386
286
286
1,156
1,156
1,335
1,335
1,348
1,348
187
187
1,581
1,581
1,287
1,287
1,479
1,479
900
900
3,643
3,643
290
290
65
-
687
687
128,616
128,551

5 Employees Number of employees

The average monthly number of employees during the year was as follows:
Charitable activities
Employment costs
Unrestricted
2024
Funds
£
£
Wages & salaries
101,999
101,999
Social security costs
1,066
1,066
Pension Contributions
1,936
1,936
105,001
105,001		 2024
2023
7
7
Unrestricted
2023
Funds
£
103,440
103,440
368
368
1,690
1,690
105,498
105,498

No employee earned more than £60,000. The following amounts were paid to Trustees: Angela Hughes £24,894 (2023: £23,816), and Allison Sayers £21,911 (2023: £23,162), as remuneration for employment in the nursery. During the year £Nil expenses were paid to Trustees (2023: £Nil)

6

CATHERINGTON NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

6 Tangible fixed assets

Cost
At 1st September 2023
Additions
Disposals
At 31st August 2024
Depreciation
At 1st September 2023
On Disposals
Charge for the year
At 31st August 2024
Net book values
At 31st August 2024
At 31st August 2023
Creditors: amounts falling due within one year
Accruals and deferred revenue
Other creditors
Other taxes & social security
Analysis of Net Assets between Funds
Fund balances at 31 August 2024 as represented by:
Tangible fixed assets
Current assets
Current liabilities
Fund balances at 31 August 2023 as represented by:
Tangible fixed assets
Current assets
Current liabilities		 Fixed
Total
Assets
£
£
24,221
24,221
-
-
-
-
24,221
24,221
21,465
21,465
-
-
552
552
22,017
22,017
2,204
2,204
2,756
2,756
2024
2023
£
£
900
900
429
357
723
689
2,052
1,946
Unrestricted
2024
Funds
£
£
2,204
2,204
31,163
31,163
(2,052)
(2,052)
31,315
31,315
Unrestricted
2023
Funds
£
£
2,756
2,756
24,185
24,185
(1,946)
(1,946)
24,995
24,995

7 Creditors: amounts falling due within one year

8 Analysis of Net Assets between Funds

9 Unrestricted Funds

General reserve
General reserve		 1st September
31st August
2023
Income
Expenditure
2024
£
£
£
24,995
134,330
128,010
31,315
24,995
134,330
128,010
31,315
1st September
31st August
2022
Income
Expenditure
2023
£
£
£
22,379
131,232
128,616
24,995
22,379
131,232
128,616
24,995

7

CATHERINGTON NURSERY

Independent Examiner's Report to the Trustees of Catherington Nursery

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] August 2024 which are set out on pages 3 to 7.

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, I 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 I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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 that in any material 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 principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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.

Kerry Lawrance FCA

Compass Accountants

Chartered Accountants and Statutory Auditors Venture House The Tanneries East Street Titchfield Hampshire PO14 4AR

Date: