Comp•ny No. 05850668 Charmy No. 1130993 OAK HILL COMMUNITY NURSERY {Llmlt•d by Guoranteel TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 SEPTEMBER 2025
OAK HILL COMMUNITY NURSERY CONTeNTS Pag• R•f•r•nce and Admlnlstratlon D•tsiis Tru•t•os Report Stal•m•nl olTru$t••8' R•#pon$lbllW¢8 Indeponden¢ Audltor'• R•port Stat•rn•nt of Flnan¢5•1 A¢tlvltl 10 11 Cuh Flow $tst•m•n¢ 12 N•$ to th• A¢¢ounts 13-20
OAK HILL COMMUNrrY NURSERY REFERENCE ANO ADMINISTRATION DETAILS St•tu• Compary Limit•d by Guar8ntee No. 05850668 Re9iStergd Chority No. 1130993. registered 6 August 2009 The Company's govemlng ¢Jo¢umont 1$ Its MerN)r8ndum and ofAssoeiation $•er•tsry •nd R•9l•t•r¢d Offlc•'. Danisa Stullz 29 Wallbutton Road Brockley London SE4 2NX Trust••s: Denise Siuttz John Fowler Sandra MargoIi88 Gwenlian Evans Catherine Braganza K•y M•nao•m•nt'. Nurs•ry Manager.. O•puty Manayr. Paula Lane Samantha Corthvo11 Audltor: Azels Audit S8Nus Chart•r•d Accountants 2nd Fbor Regis House 45 King WSlllam Slreat London EC4R 9AN nk•rB,' National We8tmlnster Bank pk 87 Sidcup High Stroot Sldcup K•nl DA14 6DL
OAK HILL COMMUNITY NURSERY TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Thè Trustees present their report and the audrted financial statements of the charity lor the y8ar ended 30 Septetnber 2025. The trustees have adop18d the provisions olthe Stalement of Recommended Practic8 ISORPI"Accounting 8nd Reporting by Charities" IFRS 1021 In pparing the annual report and financial statements of the charity. Objectlves and activltles A ol$ome ongolng ¢halleng¥s Weekly update5 continue lo be circulated lo inform pantS and carers of the ¢hildfen's wèokly activit$ and any in- house or govemmental updales. Once again spe¢i31 thanks aT8 du8 lo Paula and her team for their ongoing aderShip and leam efforts throughout some very demanding times. Charltable purposes •nd•lms The nursery's pnmary charilable purpose is the advancemenl of the education ol ehildren 8ged from birth to five years whose parentslc8rers live or work locally. This r( does by offering appropriate play and learning facilities with fees as low as wssible. The aim of ltsw fe85 15 to support families who rnight not othenmse be able to afford high-quality childcare and education in ord8r to seek or sustain employment andlor take an active role in community life. The nursery continues to offer the opporiurTrity to parents and carers to become iThv¢Jved in the actiwtie5 of the nurserylday care provision and has been particularly suc¢e5sful in offering o¢¢asional evening parent and child meetings e.g. to support pre-reading and literacy ?¢ti¥Atie5 It a150 P8rtiripales in an apprentKeship scheme. The nursery offgrs 5UPPOrt and advice to parent5 to support them in their child's18arning and development. Throughoul 2025 a weekly 8mailed newsletter has been used to share details of the vsrious activit$ Ihal the children have been able 10 8njOy. Approo¢h ¢0 Fundraising Thefe a18 Iwo aspects to fundraising at the nursery. In some years the staff organise a fundraising event. a Summor. Monitoring and evaluation forms part of the annual appraisal of the Deputy Mana9er whose responsibilities include rundraising. The Depuly Marbagets responsibilities Include the monitorsng and evaluation of the nursery'5 fundraising activities. In addition lo fund-raising for the nursery itself. there are occasion5 when the nursery raise5 funds for outside cau58S. Arrangements are made to cdlecl gifts in kind as well as rnoney. Parents a in advaw via weekly updates. These lend to be one off activities with the nursery acting a5 8 convenient hub. The nursery keeps ils fees and costs as low as it can. aware of the financial pressure that childcare can pose so rt is careful to ensure that 811 luNJraising tlIeS remain truly voluntary. No complaints have be8n rOrded. A¢tlvltles.' chlld¢ar• The nursery is designed to provide 55 places to local families be¢we6n tha hours of 8.00 am and 6.00 pm Monday to Friday. There are spaces for up to 15 babies frorn 6 months lo 2 years ISrK)wdropsl and 40 spaces for 2 10 5.yeaT. 01115 Isunbells). Children of all abi11ties are given an equal opportunity lo enjoy and leam. wllh the highest I01 of childcar8 and education. Pla¢&s are olther fvll-time or part-time. for k)cal p8rentslcarers who nead flaxibility in their childcare arrangernenls to fil around their working or ¢ommunity life. SpacÈs are alb¢aled tsn a first comeffirsl served waiting-list basis lo ensure aquality and faimes$. Fees are kept lowand sel in order lo support and attract low-inc¢yne familles. who can then sustain or seek ernpkjymenl. The nursery offers some fully funded place5 to eligible parents.. although thi5 does involve addibonal work for nursery staff, the main bureauciali¢ burden falls on the parents themsolves. H•althy well-balanced meals ale prepar8d and ¢ooked from our own kitchen. All allergy and special dietary requirements are catered for wthin feasitFility The Nursery cook continually experirnents with new wipes to provhle the children wth a range of nutrittous ¢ullurally diverse meals on a rolaling menu b85i5. The Children have the meals a day. with a hearthy snack in b8lwaen meals.
OAK HILL COMMUNITY NURSERY TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Objectlve5 and actlvitles - continued Actiwtle$.' education The nursery elhos to Optimis8 Achievernenl and Knovledge through Highly ImaginaVe Learning and Laughter continues to be embedded In the curriculum alon9side Ihe Early Years Foundat Ste IEYFSI and spontaneous planning. The staff leam provide the children with activities around the children s int8r851s and Iheir learning ne8¢s. These a evaluated in order to ascertain the individual child's developmentsl stage. The nursery operates a key- person system where members of staff work with a small group ol Children. supporting them to build relalionships, feel safe and se¢ure and build a relationship with the parents. Staff rnake sure thkt the needs of the child are being met and regularly meet with aT¥J report lo par8nts on Iheir child's Pfogre5S. In March 2024 the nursery was inspected by Ofsted and onte again being a5ses58d as Good in all categories. Aetlvltl•s.' Family support The nursery staff tearn supports f8rnilies by fa¢iliiating and sign.posting pargnts lo training and support opw)rtufiit185 on aspe¢ts of child¢a. learning and development. The nursery supports fathers in particular by encouraging them lo lake a MO active role in their childrèn's upbringing. The manager and d8puty provide additional $upport lo the parents in the care and education for their child, è5Ptcially in relation to key transitions. A¢tivities.' staff and volunteer tralnlng The nursery in ¢oniun¢tion wilh colle9es, universit$ anij training proveT5. provides a tr8ining and d8velopmenl base lor volunteers and 51udent5 who seek to establish a career in early years ¢Are and education. social work or pediatric nursing. They are supported through a mentor arrangement and regular supetvisions to develop their skills and leamtng. The nursery welcomes students lor work experience pritnarily from the 6th form college sitU8ted nexl door and also from other Lewst)am borough schools and rolleges. Public benefit The Trustees of Oak Hill Nursery have comle with the duly in section 17 olthe Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Comrni5sion. The Chaiitis objectives are the advancemenl of eduralion by offenng apkyopriale play and learning lacilib'es and by offering the opportunity for parents and carers lo take reswjnsibility for and to become involvod in the nursery. The Trustees consider that Oak Hill'5 principal activrties and aims, describ8d on page 2-3 of this report learfy years care. education. farnily support and training, developm8nt of staff in earfy years pra¢ti¢esl. a congstenl wrth the Charity's objectivgs. The beneficiaries of the Charity are children of lamilieslcarer5 living or working bcally. The Charity charge5 a fee for rts core SerVe5, keeping fees are kept as low as possible to benefit families who would olherwise be unable to afford chiKlrAre, to enable them ¢0 sustain or seek employment. or maintain active community The Earfy Learning Entitlement allows Oak Hill Nursery to offer provision lo those who qualify but this entslement Is only sufficient to cover school hours and tem)s rather than the nursery's more extensive provision. Achievements and perfom)an Childrar¢ and education The nursery staff continue to receive training to enhance their knoedge and understanding as a means to enhancing the childr8n's experiences and devebpment and this training is demonstrably inlluencing practice. Staff continue to irnplemenl Ih8 training rec8ive(l on 'Nalural Thinkers. which Is similar lo The Forest School ethos and The S8ed$ ol Empalhy programme wnlinues to be of influence in the nursery. Family support The Nursery Manager and Spe¢ial Edu¢abon81 Needs and Disability CoQrdinator ISENDCol Gonlinue to regulady support families wth children with additional and or special needs in a¢cessing and providing 1-1 support, funding or spe¢ialist support. Also prowijing support with Challenging behavitsur and key transition5.
OAK HILL COMMUNITY NURSERY TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achievèmènts and pèrfomanct- contlnued Staff and lunteer development Volunteers have been very helpful thi5 y8ar in improving the appearance ol Ihe llower beds that face Wallbutton Road and there are plans for Ihis lo continue in the growing season. Oak Hill places ¢onsrtlerable emphasis on stalf growth and development with the manager and deputy providing in- house training and off-site training with both proving positive. The Nursery lakes part in an apprentrceship s¢heme and actively en¢ourages all staff lo regularfy assess their professKinal development and practice. Finaneial r•vi•w CurTenlly all training for staff ha5 to be paid for and has been economically sourced from differenl providers to continue lo offer the staff members appropriate ¢onbnued professional Ilevelopment Nursery costs. play materials and outh.ngs increased as the nurseryscaled up the extent of its charitable activities during the year. Prernise5, office and central costs were static. Maintenance problems have ¢onts"nued to arise too often and requests have been passed around frorn d8partm8nt to department. The landlord can seek lo pas5 On 85 far as possib the maxirnLSm proportion of m8inlenance and repair C05t5. While this is understandable, all too often it has had the effect of increasing the time taken to secure ne¢essary repairs. The system of using only an approved contractor can prove slow and loo much nursery slaff lime has been taken up with progress chasing The Charity recorded a deficit of £5,241 12024.. deficit of £22,8511 during th8 y8ar, decreasing the unre$tri¢ted reserve to £306,469 12024.. £311,710) ol which £17.000 has been designaled toward future IT upgrades and repairirrfj Ihe garden. Reserves pollcy The Board continues to create adequate reserves to en8te the Charity to meet any extraordinary paym•nts and unforeseen expenditure. Free serveS l&xctuding fixed assets) amounted lo £285.093 ai the year end. The resèrves are set at 6 months expenditure lo reflect the absence of any capita1 assets iri an organisation such as Oak Hill. Rlgk m•nagement The Trustees ¢an confirm that the major risks, lo which tho Charity Is exposed. as Identified by Truslee5. have b8en reviewed and systems or procedures have been established to rnanage Ihose ri5k5. Duiing 2025 three main risks were identified lor particular rnoniloring. The increased cost of using agencies to cover vacancies or to lind permanent replament staff. The locgl shortage of trained and experien0 staff. The tsme taken to gel maintenance wths agreed by the landlord. Arr8ng8rnents were made lo mitigat8 these risks as follows.. Monitoring Costs and ensuring Lewisham fulfilled its duties as landlord sufficienly prOmpY. Maintaining a sufficient pool of bank staff to cover some short.lem) absences. Supporting staff undertakino furihor care8r d8veloprn8nt. However, il rnust be reported Ihal the year has been ¢haracterised by recurring difficulties ¢aused by landlord perfOanCe thal has been less than satisfactory parti¢ularfy in relation lo maintenance Issues The landlord has yet to update the Thursery lease. In 2024 negollations were promis•d'in the new aT.. 2026 ha5 produc8d conlad but nol as yet a lease Future Costs The th8rily has reIVed the support of Lekyisham Council for many years. The level tsf rent is subject to negotiation with th& Coun¢il and the Board is a¢tiv8ly èxploring how th& nursery ¢an remain financially vlable whilst pr858rving its charitable aims ol maintaining low-cost childcaTe and educatitsn tts low-income families. Oak Hill continues lo keep salanes under review. bearing in mind the need for planning towards all slaff receiving th8 Real Living Wage as rninimurn and mèintaining pension contributions. A fees increase in September 2025 funde(I some staff salary increases bul Ihe silualiw is being kept under review In order to ensure that salaries are high enough to attract and tain stsff.
OAK HILL COMMUNITY NURSERY TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Plans for th• futur• The bvsine$s plan aims to find new 80ur¢es of income to help fvnd Ihe Charity'$ acts'vities in addibon to fee income. The Charity aims to retain its position as a low4ost provider of high-qualily childcare. Local authority Cutbacks continue to ¢al¢ a more volatile financial environmènt and the Trustees continued to look ai all options. 11 has nevertheless proved possible to consider ways in which the whole site could be used more effectwely for the benefft of the commvnity Newlialions are still awaited. rhtr nursery gained chaiilable status 2009. The managèment and govemancè systems werè Ihtrn updaled.. The Board's review of the Charity's governance arrangements and financial systems was completed in July 2019 and the reviseil Arti¢tes ol As$o¢ialion received Charities Commission approval in 2020. The Board will be keeping recwilrnenl lo Ihe nursery und8r con51anl revydw. Recruilmenl was heallhy lor Sepiember 2025. However Shortage of staff in September 2025 meant that the nursery was not able to offer a place to every child on 11$ waikn'ng list. It is a silualK)n which the Manager will be continuing to monitor structure. govemance and managen7ent Trn5tees of the charity The directors of the charitable company are its truste8s for the purposes of charity law. The tru$lee5 who have served during the year and since the year end We as follows.. Gwen Evans Catherine Braganza John Fowler Sandra Margolie5 DÈnise Stult2 None ol the Trustees had an interest in any contract or transaction during the year under review. Status The nurs8ry is constituted as a company limited by guarantee and was granted charitable staius on c Au9usI 2009. The Charity's goveming document is contained in 11$ 2020 Articles ol Asso¢ialion. Company m•mbershlp Truste85 are co-opted or can sland for ebdion at the AGM. Delegatlon The day-l04ay rnanagernent of Ihe nutsery is delegated lo Paula Lane, the Nursery Manager and the Deputy Manager Samantha Cordwesl. Th8 management team work with a c105e-knit t8am of 21 permanenl staff, and if necessary agency workers. There is a robust system of staff developmenl and support in place led by the manag•r and deputy The staff members recgive regular supèrvisions. Ther¢ are regular staff meetings and the senior tearn meet once a month for support and developrnenl. The Nursery Manager report5 regularly to the Trustees and is able to call upon them ai sh)rt notice in any contingency. The Strategic direction and developrnenl of the nursery 15 a matter for the Leadership Team ¢onsisting of the Nursery Manager. Deputy Manager and the Trustees as is the level of lees sel lor $ervi¢e users. Salaries are kept under regular review wth Ihe Manager presenting proposals lo the Board ol Trustees for discussion. It is likely that further salary in¢ase$ wll be needed In 2026. Relalionships The nursery has built good relationships wth local schools. cotleges and universities and regulady has sttjdents complete their wod¢ placements al the nursery. The Childn s Centre al the front of the buildin9 ¢onlinues 10 remain vacant however negotiations about the future use Continue although the is some conflict tween Oak Hill's charitable objectives and Lewisham's need lo maximise Income ffom an asset.
OAK HILL COMMUNrrY NURSERY TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Statement of trust••s' r•spon$lblllllos The trustees (who are a150 directors of Oak Hill Comrnvnity Nursery for the purposes of company lawl are responsib for preparing the Trustees, Report and the financial staternents in accordance wilh apl¢3b1e law and united Kingdom Accounting Standards (Unitèd Kingdom Generally Accepted Accountin9 pract0). Cornpany law requires the trustees to prepare financial slatom•nt5 for each financial year, which give a true and falr view of the slate of affairs of the Charrtable wtnpany and of the incoming resources and application of SourCes, in¢luding the income and expenditure, of the charitablg company for the year. In prepanng th8se financia1 $t8tements, the trustees a requirèd lo.. selert 8Uitable accounting policles and then apply them cansistently.. observe the methods and principles in the Charities SORP 2015 IFRS 1021., rnake judgements and eslimales that are reasonable and prudent.. state whether applicabl& UK Accounbng Standards have been foll¢JW8d. subject lo any material departurè5 disctosed and explained in the finan1 statements., prepare the account5 on the going eoncem basis unless il is inappropriate to presume that Ihe chaiit8ble crjrnpany will continu8 in op8ration. The twstees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any me the finanoal p05rtion ol the ch8rit8ble company and enable them lo ensure Ihat the financial stal8ment$ comply with the Companies Act 2006. They are also SponSIble ltsr safeguarding th8 assets of the charitable ¢ornpany aThJ hence for taking reasonable steps lor the prevention and deleclion of fraud 8nd other irregularities. In so far as the Iruslees ar8 aware.. • ther8 is no rebv8nt audit infomath)n of which the charitable comp8ny's 8uditor is unaware.. 8nd the twslees have taken all steps that Ihey ought lo have taken lo make themselves awa of any relevant audit infomiation and to esiablish that the auditor is aware ol that infomatson. Thi5 r8POrt has b88n prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 lating to smaller entities. proved by the Board and signed on its behalf.. Signed.. John Foer, Trustee Dale= 30 April 2026
OAK HILL COMMUNITY NURSERY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAK HILL COMMUNITY NURSERY Oplnlon We hav8 audited th8 financial staiements of Oak Hill Community Nursery Ithe'charitable company'l for Ihe year ended 30 September 2025 which Comprise of the slatemtsnl of Financial Activities. tho Balance Shee¢. the Cash Flow Slalemenl and notes to th8 financial statements. including a summary of significant accounting poliaes. The financial reporting tramework thal has been applied in their preparation 15 applicable law and Uniled Kingdom Accounling Staridards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, Iunited Kingd¢xn Generally Accepted Accounting Practicel. In our oplnlon. th? flnanclal statements.. give a true and fair vW of the stale of the ch8rrtab18 (x)rnpany's affairs as èt 30 September 2025 and of its incoming resources and application of resources, for the year then 8nded,. have been properly prepared in accordance with United Kingdom Generally Accepleé Accounting PraC"¢e.. and have been prepared sn a¢¢ordan¢e wth the requirernenls of the Companies Acl 20(h. Ba$ls for opinlon We conducted our audrt in accordance with Internatitsnal Standards on Auditing IUKI IISAS IUKII and applicBble law. Our responsibilihes undar thos8 Standards are further described in the Auditor's responsibilities for thè audit of the financial statement5 section of our report. Vve are independent of Ihe ¢hanlable company in a¢cordan¢e with the ethical requirement5 thal ar8 relevant lo our audit of th8 financial slatement5 in the UK. including the FRC'5 Ethi¢al Standard and th8 provisions available for small entities. in the circum51ances sel ou¢ in note 2 to the financial statements, and we have fulfilled our olher elhical responsibililies in accordance with these requirernents. We believe that th8 audit gvidence we have obtained is suffKient and appropriate to provide a basis for our opinion. Concluslons r•latlng to golng concem We have nothing to report in respect of the following matt8rs in latIon lo which th8 ISAS IUKI requi us to report to you where.. the trustees use of Ihe going wncem basis of accountSng Sn the w8paralion ol the finaneial statements is ntst appropriate.. or the trustees have not disclosed in the finanual slatements any identified rnaterial uncertainties Ihat may cast significant doubt about the ¢harilable cornpany'5 ability to continue to adopt Ihe going concern basi$ of accounting for a period of at least Iwelve months from the dale when the financial slatemenls are authorised for issue. IXh¢r inlormation The Iwslees are responsible for the other inftsrmalion. The other Infom)ation comprises the infomiation included in the annual report. other than the financial statements and our auditc>r'5 report theOn. Our opinion on the financial statem8nls does nol cover th8 Other infomiation and, •xc8Pt to the eKtent oth&Thvssè èxpliclY stated fft our rswrt. W8 do not express any form ol assurance ¢onclus)n theTeon. In¢onnection wrthourauditof Ihefinancial stalem8nts, ourresponsibilityistoread the other Infomiation and. in doing so. con5ideT whether the other inftsmation is materially IrTrconsi5tenl with the financlal statements or our knovAedge obtained in the audil or otheNi5e appears lo be matèrially rnisst8ted. If we iijentify such material inconsistencies or apparent malenal misstal8ments, we are required to delernine whelherthere is a material misstatement in Ihefinan¢ial slalements or a material misstatement of the other information. If. based on the work we have performed, we ¢on¢ludÈ that there is a material misstatement of this tslher informa"on, we kn required to report that fact. Wè hav8 nothin9 to report in thi5 regard. Oplnions on other rnattgrs pr¢$¢rlb•d by the Companlos Act 2006 In our opinion, based oj) the work undertaken in the course of the audit.. the infomialion given in the trustees. report. which includes the directors. report pPared for the purpo$e5 01 company law. for the finanri81 year for which the financial statements are prepared is consistent with Ihg finan¢ial statements,. and the director5. report included within the Iruslees. repori has been prepared in ac¢ordance wth applicable legal reqU1mentS.
OAK HILL COMMUNITY NURSERY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAK HILL COMMUNITY NURSERY Mait•rs on whlch w¢ ar• r•4uSred to report by ex¢eptlon In the light of the knoWedge and understanding of Ihe charitable company an¢J its environment obtained in the course of the audit. we have ngt idenbfied material misststements in the directors, report included wthin the trustees. reporl. We have nothing lo report in respgd of Ihe fdlowng malier5 in relation lo which the Compan$ Act 2006 requires us to report to you If. in our opinion.. adequate accounting records have nol been kept. or retums adequate for our audit have nol be8n received trom branches not V151ted by us., or the financial statements 8re not in agreernent the a¢¢ounllng record5 and retums- or ¢ertain d15closur8s of trustees. rernuneration specified by law are not made.. or we have not received all the information and tsxplanations we require lor our audit.. or the trustees We not entitled lo pparts the financial statements In accordance with the small companies regime and take advantage ol the small companies. exemptions in preparing the trustees. report and from the requir8rnent to prepart a strategic report. Respon8Sbllltbgs of tru$t•es As explained more fully in the tru$lees' responsibilities statement, the trust$ (who are also th8 directors of the ¢hariiable company for th& purp05e5 of company lav41 a SponSible for the preparation of the financial slat8menis and for being satisfied that they give a true and lair wew. and for su¢h inlemal control as the truslèe5 deternine is n8cess8ry lo en8e tha preparation of financial stat8m8nts that are free from material misststement. whelher due to fraud or error. In preparing the financial statements, the trustees are resw)n5ible for assessing the charitable company's ability lo continue as a gdng concern, disclosing. as applicable, matters lated to going concern and using the going con¢em basis of a¢¢ounling unless th8 Iru$tees either intend to liquidate the charitae cnpanY or lo ce85e operations, or have no realislic alternalive but to do sts. Auditor's resp¢n$ibiliti8s for the audlt of tho financlal st8tsm¢nts Our objectsves are lo obtain reasonable assurance about whether the finanual statements as a whole are free frorn material rnis5tat8rnent. wh&lher due lo fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit condu¢led in accordance with ISAS IUKI will always delecl a material mi$$latementwhen il exists. misstalemon15 can arise from fraud or error aniy a constdered material if. individually or in the aggregat8, they could asOnablY be expected to influence the e¢onornic de¢1$nS of users taken on the basis of these financial statements. lff8gu18rities, including fraud, are instances of non-compliance with laws and regulath?n5. W8 design procedures in line with our responsibilities. oullined above. lo dotect rnaterial misstatements in respect of irregularities. including fraud. The spe¢ifi¢ procedures for this engagement and Ihe extent lo which these are ¢apable of delecling irregularities, including traud is detailed beW.. Enquiry of manag8rnent and those charged with governance around actual and potsntial Iitigaknon and claims as well as actual. suspected and alleged fraud.. Reviewing minutes of meeting5 of Ih05e charged wth governance., Assessing the extent ol compliance with the laws and regulalions considered to h8ve a direct materi81 effect on the finanoal slatetnenls or the operatSons of the company through enquiry and inspection." Reviewing financial slatemenl disclosures and testrng lo supporting documentation to assss complian¢ewth applicable laws and regulations". Performing audit work ovor th8 risk of management bias and overrid8 of controls. including testing of ioumal entrie5 and other adjustments for appropnateness. evaluating the business rational8 of significant transactions outside the norrnal course of busines5 an¢J reviewing ac¢ounting eslifflates for indicators of potential bias. Because of the Inherent limilations ol an audit, there is a risk that we will not detect all irregularitie5. including those leading to a rnalerial rnisslalemenl in the financial statements or non-compliance with gUlatIOn. This risk increases the more Ihat Complian with a law or regulation is removed from the evenls and Iran5action$ reflected in the financial slaternents, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involve5 intentional concealment, forgery, collusion. omission or m1$reprè58ntaln. A further description of tsur r85ponsibilities is available on Ihe Financial Reporting Council's websrte at.. https'.Ilwww.frc.org.ukJOur-WorklAuditlAudit-and-assurancelstandard$-and-guidancelSt8ndards4nduldanc-f0r- auditorslAudilors-respon5ibilities-for-audiVDescriptiOll-of-auditors-resrJ)nsibilities-for-audil.aspx. This lom)s part ol our auditor's r8POrt. description
OAK HILL COMMUNITY frIURSERY INDEPEhlDENT AUDITOR'S REPORT TO THE MEMBERS OF OAK HILL COMMUNITY NURSERY Uie of our r•port This report is rnada solely to the charitabk8 cornpany's members, 88 a body. In accordan wrth Chapter 3 of Part 16 of th¢ Cornpanles Act 2006. Our audit work has bn undertaken so that M might Stsle to th8 charitsble company's m?mbers those mattèts we are required lo ststg lo them in an audltorf$ roport and for ne othèr purpo$e. To the fullest extent pennitt*d by18w. we do not accept or assume SPonsibl11tY tg anyone other than Ih8 ¢h8ritsble company and the eharitAblg wmpany's memb•rs as a dy, for our audit work, for this report, orl¢T the opinions w• havè formed. John Howard IS•nlor Statutory Auditgr} For and on b•half of Az•ts Audlt $oNlce• Statylory Auditor. Charter•d Accountants Floor. R8gis House 45 Klng William Street London EC4R 9AN Dats..
OAK HILL COMMUNif( NURSERY STATEMENT OF FINANCIAL ACTMTIES (l1dIng In¢¢mo •nd Exp•ndl¢ur• Ac¢ount) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Not•• Unr•strl¢t•d Totsl Fund8 Total Fund Fund8 2025 2024 INCOME Chafrtable aclvrti•s Invastmènt sncorne Other trading activities Other Income 765,110 5,595 190 3,669 765,110 5.59S 190 3,669 668,538 2,364 171 3,675 TOTAL INCOME 774,564 774.5 674,648 EXPENDITVRE Charit8bl¢ activibes 779,805 779.805 697.499 TOTAL EXPENDITURE 779,805 779,805 697,499 NET INCOME IIEXPENDITUREI {$.241) 15,2411 122.8511 RECONCILIATION OF FUNDS T(xal fvnds brouqht forward 311,710 311.710 334,561 TOTAL FUNDS CARRIED FORWARD 17 306,469 306.469 311,710 I Iransactlons ar• darivod from continuing actwIo$. All rècogni$d 1n5 and losses are Include<l In th• Stst•mèni of Financial Act18$. The notes on pages 13 to 20 form port ol the fjnanctsl aternents. 10
OAK HILL COMIIUNITY NURSERY BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEM8ER 2025 2025 2024 FIXED ASSETS Tangible fixed oss•t$ 12 4.376 4,693 CURRENT ASSETS Debtors Cash at bank and In hand 13 15.4TI 367,948 12,490 3SS.490 383,425 367,980 CURRENT LIABILITIES Cr•ditgrg'. Amounts falllng due wilhift one year 14 181.3321 160,9631 NET CURRENT ASSETS 302,093 307.017 NET ASSETS 306A69 311,710 FUNDS un$triad fund¥'. G•n$r•l fvnd De$vJnated funds 289,489 17,000 294.710 17,000 17 300.469 311,710 Apwoved oft behaw ofth• board on 30 April 2026gnd $wned on thelr behaff by John Fowler Trustee Company No. 05850668 The nol¢$ on pag•s 13 to 20 form part of thèse fin•nclal statement$. 11
OAK HILL COMMUNITY NURSERY CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTÈMBER 2025 Not•s 2025 2024 ¢ASH FLOW FROM OPERATING ACTIVITIES Cash generottd from operating activltie$ 1S 9.827 85 NET CASH FLOW FROM OPERATING ACTNMES 9,827 CASH FLOW FROM INVESTINQ ACTWITIES Payments to acquir• tangible fixed assets Intest r8c•ivéd 12,9641 5.595 13.5311 2,364 NET CASH FLOW FROM INVESTING ACTNMES 2.fj31 11,1671 NET {DECREASEV INCREASE IN CASH AND I EQUIVALENTS 12,458 {1,0821 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 355.490 356,571 TOTAL FUNDS CARRIED FORWARO 3fj7.948 355.490 Ca•h and cash •qulval•nts con•l$ts of.. Cash at bank and in hand 367,948 355,490 Tho notes on pages 13 to 20 form part of Ihese financ6al $tstorn¢nts. 12
OAK HILL COMMUNITY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 GENERAL INFORMATION Oak Hill Community Nursery is a company limiled by guarantee in the United Kingdom. The charitable company's registered number. ¢harity number and addres5 of the giStered office is given in Ihe reference and adminislratson details on page 1 of these financial Statements. The members of the comp8ny are the Iruslees named on page 1. In the event of Ihe charity beiThJ wound up, lh8 liabilily in Spect of the guarantee is limited 10 £1 per membor of Ihe charity. ACCOUNTING POLICIES The principle accounting policies adopted, judgements 8nd key sources of estimation uncerfainty in the preparation of the financial statements a as follow5-. lal Ba$1$ of A¢eountlng The financial stalernents have been ppad in aceordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢ctsunt5 in a¢cordance wilh the Financial Reportin9 Standard applicable in th8 UK and Republic of Ireland IFRS 1021 issued on 16 Juty 2014. the Financial Reporting Stsndard applicable in Ihe United lQngdom and Republsc ol Ireland IFRS 1021. the Companies Acl 21J)6 and UK Gen8r8lly Ac¢epted Piactsc8. Oak Hill Community Nursery meets the definition of a public ben8fil enlity under FRS 102. Assets and liabilitie5 are initially recogni5ed 8t historical c05t or transaction value unless olherwise slated in thè rel8vant a¢counting policy notes. The finan¢i81 statements are psented in sterling 1£) whth is also the functional currency for the charity. Ibl pparatIOn of the accounts on a going concern basls At the time of approving Ihese hnancial Statements the Tru5tee5 have assessed the financial consequences of conlinued uncertainlies yet are confident that the ¢haritie5 financial resources are sufficient lo tneet ils liabilitses for 12 months from aulhorising thes8 financial statements. The budgeted income and 8xpendi1v remains sufficient with the level ol the reserves for the charily to continue as a going concem. The financial statements have therefore been prepared on a going concem basis. Icl Fund Ae¢ountlng Unrestricted funds aro available for use at the diScrets.¢ of the trustees in fu¢1herance of the general objecDv6s of the company. D85ignated fvnds are unrestricted funds eamiarked by the tnJ$lees for particular purposes. Restrictèd funds are subject to restrKtions on their expenditure imposed by the donor or through the terms of an appeal. 13
OAK HILL COMMUNITY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 ACCOUNTING POLICIES Icontinuedl Idl Income l income is gnISed in the Statement of Financial A¢tivities oinc8 the Nursery has entitlament to the funds, il is probable that the income will be received and the amount ran be measured reliably. In¢¢)me is deferred when the lees or donations are received in advan¢• of the period in which they relate. t)onatii)Wls and other voluntary income is re¢ognis•d in the Sts¢em•nl of Finanraal Activitie5 when enlillemenl arises. the arnount can bo reliably quantified and the economic benefrt lo the Nursery is Conside probable. Incoming resources from charitable activities are received by way of nursery lees, and includes income lor childcare vouchers and earfy leaming grants. The income is recogniS in the Stalernenl of Finaneial Activities lor Ihe year in which they r81818. Donated servic85 and facilities are included al the value to the Charitable company where this can b¢ quantified. The value of services provided by volunteer5 has not been Included in these accounts. Investment income is recognised on an a¢¢ruals basis. 18) Expendltufv Expenditure is recognised in the Slatemenl of Financial Activities once there 15 a legal ¢onslruclive otrAigalion to rnake a payment lo a third party, il is probable that setuement will be required and the amount of the olgatIOn Can be rr*asured reliably. Expenditure on charitable aclivilies comprises those costs incurred by the Nur$8ry in the delivery of its activie$ and services. 11 in¢ludes both c05t5 that can be allocated directly lo such a¢'VItIeS and those cosls of an indirect natL1 necessary to support them. Irre¢ov&rab18 VAT is Charged as a c05t against the at'VrtY for which the •xpenditure was IncurTed. All costs are allo¢aleé between the expenditure Categories ol the SOFA on a basis designed to reflect use of the resource. Ctssts r8latiryJ lo a particular activity are allocaied direelly. olhers are apportioned on an appropriale basis. (fj Allocatlon of support and gov?rnan¢• costs Support ¢osl$ are those that assist the work of th8 ¢haritable c(Ynpany but do not directly represent ¢harrtable a¢tivits"es. Support costs include govèrnance costs, premises costs. olfice and central costs and depr8ciation. They are incurred d1ctlY in 5UPPOrt of expenditure on th8 objects of the Charitable company. Governan¢e costs ¢tsmprise all costs Involving the public a¢¢ountsbilily of Ihe Charitable company and rt5 cornplfrance with wulation and goocl practice. Th8se ¢osts include cost$ lated lo slatulory audit, accountancy fees. legal fee5 and ConsuanCY fees. Support and Govemance costs a allocated to charitable a¢liviknes tn prowrtson lo the direct charitablè expenditure on that activity, where the charitable company conser$ th8t support costs ale incurred as part of Ihe delivery of that activty. 191 Penslon$ The Nursery operat85 8 defined contribution scheme. Conln'butions payable to Ihe charitalAe company's penSn schem8 are charged lo the Staternent ol Financial Acb'vities in the pèriod to which they late. 14
OAK HILL COMMUNITY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 ACCOUNTING POLICIES Icontlnuedl Ihl Employ•9 ben•fft$ Short temi employee b8n8fils, including holiday entillement, a recogni5ed as an expense in th8 period which they are incurred. 111 Operatln9 leases Rentals applicable to operating leases. Whe substantially all of the bgnefils and risk5 ofownership remain wth the les50r, are Charged to the Statement of Financial Activities as incurred. til Tanyibl• fixed 8$$¢t$ Tangible fixed assets are staled al cost less accumulated depreciation. The cost of miTh)r addition$ or those costing below £100 are not ¢apitalised. Depreciation is provKled at rales calculated to write off the cost of each assel over its expected useful lrfe. The rates used are as lollows.. Offiee equipment.. Furniture and fixlufè5 33° 254/ {kl Debtors Trade and other d8btors a recognised al the selllement amount due. Prepayments are valued at the arnount prepaKI. AcGrued income is mea5ur8d al the amounl due to be recèiv8d. Cash at bank and in hond Cash al bank arKI cash in hand includes cash and Short term highly liquid investments wilh a short maturty of three monlhs or less from Ihe date of a¢ouisition or opening ol Ihe deposit or similar accounts. Im) CredltoryJ Creditors are recognised vthere the charilable company has a present ob1jaon resulting from a past Èvenl that will probably result In the traF)sfer of funds to a third party and the amount due to settle the oblatn can be easur8d or estimated reliabty. Trade, other creditors and accruals are recognised at Iheir settlement amount due. Deferred income is where income is reIved, some or all of which is specifically in relation lo future periods, Ihe rel8vanl amount is deferred and credited to the Slatern8nt of Financial Activitie$ in the period lo which it relates. {nl Financlal Instrumenls The charitable company only has financial assets and financial liabilrties of a kind that qualify as basK financial instnjments. Basic finan¢ial Instrum8nts are inib.ally recognised al transaction value and subsequentlym8a5ur8d at their settlement value. lol Taxation As a charitable company. the nursery is not liable to taxation on ils income or on surpluse$ on disposal of investments. 15
OAK HILL COMMUNrrY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 ACCOUNTING POLicies Icontlnuedl {pl Judgèments and kgy $our¢es of èstlmation UnrtaInlY Accounting 8sts"males and iudgemenls are Continually evaluatèd and are based on historical exp8rien¢e and other factOTS. including expectations ol future 8V8nts that are believed to b8 8$Onable under the ¢ircumstancè5. The following judgements lapart Irom those involving ests"fflate51 have been made in the procgss of apYing the atx)ve accounting policies that have had the m051 signifi¢anl effect on arnounts recognised in tha financial stalem8nt5'. Useful e¢onon)i¢ lives of tanble as$el$ The annual depreciation charge for tsngible assets is sensitive lo changes in the estimated useful economic lives and residual values ofthe assets. The useful e¢onomi¢ lives and residual values a re-sssessed annually. Th8y are amended when necessary to flect Currenl esliTnates, based on le¢hnological advancement. future investments. ecorMiC utilisation and Ihe physical condition of the assets. See noie 12 for the carrying amount of the furniture and fittings and office eguiprnenl, 8nd note j forthe uselul economic 5ives loreach class of assets. There ar8 no key asstsmpt10115 (x)n¢xrning Ihe fulure and other key sources ol estimation uncertainty at the reportsng dale that have a significant risk ol cau*ng a rnaterial adjus¢menl to the carrwng amounts of as$8t5 and Iiabilitl8S Wlthin the nex¢ finanaal year. INCOME FROM CHARITABLE ACTIVITIES Unrg$lrl¢t•d Funds Total 2025 Total 2024 Fe8S LB Nursery Educ8tion grant Donations and fundraising 627,051 131,614 6.445 627,051 131.614 6,445 558.109 104,784 5,645 765,110 765.110 668,538 In 2024 all ol the incom8 was ailribulable lo the unrestricted fund. INVESTMENT INCOME Unrtstrlcted Funds To¢al 202$ Total 2024 Bank interèst 5,595 2,364 2.364 In 2024 all of the investment incorne was attributable to the unreslricted fund. OTHER INCOME Unr•strf¢t•d Fund5 Total 2024 Total 2023 Other Incom8 3.669 3,669 3.575 3.669 3,669 3.575 In 2024 all of Ihe other income was attributable lo the unrestricted fvnd. 16
OAK HILL COMMUNITY NURSÉRY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 CHARITABLE Acmvmes Unre•trl¢ted Funds Total 2025 Totsl 2024 Advantsmgnt of Ihe education of ehiklren 779,805 T79,805 697.499 In 2024 all of th• trxpenditure was attrfbuloble lo the Unr•strt•d fund. ANALYSIS OF EXPÈNDITURE Dlr•¢t Support sts Total 2025 Tot*1 2024 Inote 81 107.Cfj6 Advancement ofth• •ducation of childron 672,739 779,805 697.499 In 2024 tS94,676 of the expenditure r81ated to direct charltabl& 0xndItre, and th8 mmainlng £102.823 r•lAlèd to Support costs. SUPPORT COSTS 2025 2024 Govemanc4 costs Inolo 91 Premises costs Offlco and eontr81 costs D8prèci8bon 13,825 79,938 10,022 3.281 17,550 73,598 8.119 3.556 107,066 102,823 GOVERNANCE COSTS 2025 2024 Auditors remunoration Audit fee A¢c¢Junb'ng. CLtrrent ar Other non4udit s¢N Other 9ovemanc• costs 10.320 1.440 30 2,035 9.720 1.320 175 6,335 73,825 17.550 Olher gov•m8ncg $ts cons+st of lagal fe98 and consultancy l•ès. 10. NET INCOMEIIEXPENDITUREI FOR THE YEAR 2025 2024 Thi$ 18 $talgd after¢haryirvJ: Dapr¢ciaDon Audlt fee Operating leas• ¢o$ts 3.291 10,320 24,000 3,556 9,720 48,000 17
OAK HILL COMMUNITY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 202S 11. ANALYSIS OF STAFF COSTS. TRUSTEE REMUNERATION AND EXPENSESAND THE COST OF KEY MANAGEMENT PERSONNEL 2025 2024 Wage8 8rKI salaries Soual security Defined contribution pension costs Agency staff 507,669 31,737 12.197 62,319 444,940 21,077 10,058 68,994 613.922 545.069 The average numb8T of full-time equivalent employees.. Nutsery staff 22 21 Employee limo has b8en allocated to di¥ect charitable expenditure. One employee receiv611 èmtslurnents of morè than £60,00012024'. 11. During 2025, no trustee$ 12024.. £nill were paid or received any other benefits from employment with the charitable company No trustee or any person connected with them weived any 8xpenses during the year 12024.. £nl. The key management of the ¢harilable company ¢ornprise the truste8$, Ihe nursery manager and the deputy manager. The trustees do not receive any reMUnera.n for this role. Th¢ total employe8 b8nefits ol the key rnanagement personnel of the ¢haritable company w8rg £101.66312024.. £107,306). 12. TANGIBLE FIXED ASSETS FurnStur¢ and ffttlngs Office equSpm•nt Total Cost Al 1 October 2024 AdditK)ns Disposals 5,392 25,395 2,964 12.0301 30,787 2,964 12.7531 17221 At 30 September 2025 4,670 26.329 30,999 Dèpr•¢laUon At 1 October 2024 Charg¢ lor the year Disposa15 5.392 20.702 3.281 12,0301 26.094 3.281 12.7531 17221 At 30 September 2025 4.670 21,953 26,623 Net Book Value At 30 Septembgr 2025 4,376 4,376 At 30 September 2024 4.693 4,693 18
OAK HILL COMMUNITY NURSERY NOTes TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 13. DEBTORS 202S 2024 Trade dèbtors Oth•r d•b¢ors Prspayments 282 308 15.195 12.182 15,477 12,49) 14 CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2025 2024 Trade dItOrs Other credito Accruols Def•rr•d income Inote 14.11 18,898 37.144 13.234 12.258 18,698 10,965 11.700 19.600 81.332 60.963 14.1 DEFERRED INCOME 202S 2024 At 1 ¢)¢tob8r 2024 Addit¢onal duilng th• year Amounts released tr* income 19,600 12,256 119.6001 7.925 19,600 17,9251 At 30 Sepiember 2025 12.256 19,600 Deferred incom• in l)olh 2024 and 2023 r8blgS nursery fees forth• foll¢)wing autumn t•mi. RECONCILIATION OF NET INCOME TO CASH GENERATED FROM OPERATING A¢TNmES 2025 2024 N•1 in¢ome for the year Dopre¢SatkJn ¢harg•s Interest I01vabl8 15.241 3,281 15,591 122.8511 3,556 12,3641 Dè¢wasgllincreas&l in trade arKI other dobtors IDecre8selllncr88$$ In trade and other cr8drto 17.5551 12,9871 20.369 121,6591 19.1771 30,921 Cash gènaratsd frtsm operating aetiwtio$ 9.827 85 16. ANALY818 OF NET ASSETS BETWEEN FUNDS 202S 2024 Tangible fixefl ass•ts Current assets Currnnt liabilitie¥ 4,376 383.425 181.3321 4,693 367,980 160.9631 306,469 311,710 19
OAK HILL COMMUNITY NURSERY NOTES TO THE ACCOUNTS AS AT 30 SEPTEMBER 2025 17. MOVEMENT IN FUNDS At1 Octob•r 2024 In¢omlng R•sources Outgoing Resources Transfer At30 S•ptember 2025 Unreslricted fund5'. General funds Designated fu1$ 294,710 17,01)0 774,564 1779.8051 289.469 17,000 311,710 774,564 1779,8051 306A69 D•slgnatsd fvnds Oesignaled funds form part of Unrestrict&d Funds aThJ are arnounts set aside by th• Trusiees ¢0 méet 8pecifi¢ future reouiretn8nts ol the organisalion. In 2019 expenditu of £7,000 spent towards the IT upgrade was allo¢aled against the designated fund leaving a d8signaled fund of £17,000 to meet the r8maining IT upgr8de costs and ¢ost$ towards repairing the garden. No expenditure was incurred during 202512024.. £nill. 17.A MOVEMENT IN FUNOS- Prror year Incomln9 Resources Outyolng Resources Transf•r At30 Septembgr 2024 O¢tob•r 2023 Unrestricted funds.. General funds Oesignat8d funds 317.561 17,000 674,648 1697,4991 294.710 17.000 334.561 674.648 1697,4991 311,710 18. PENSION SCHEME The charil8bl8 company operates a defined contribution pension plan lor lis employe88. The amovnt re¢ognised as an expense in th8 year was £12,201 12024.. £10.0581. 19. LEASE COMMrrMENTS The charitable company sole lèase ¢ommilment 1$ its tenancy at Oakhill Nursery. Total future minimum lease payrnents under the operating lease arts as follows.. 202S 2024 Nol lat¢r than one year Later than one and not18ter than fwe years Later than five year5 24.000 24.000 24.000 24,000 RELATED PARTY TFiANSA¢nONS There 8re no lated party transactions during the ye8r12024'. ne> 20