NEWNHAM NURSERY LIMITED DIRECTORS’ AND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-Jul-24
NEWNHAM NURSERY LIMITED
CONTENTS
| Directors’ and Trustees’ report | 1 |
|---|---|
| Report of the Independent Examiner | 2 |
| Statement of Financial Activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 |
Development, aetivities and achievements Newnham Nursery 15 an independent preschool nursery and a registered charity. There has been no change to the committee members, board of directors or the legal Structure of the nursery thi5 year. 2023/2024 was a much improved year from last year5 Ios5. We retained a higher number of children as we are registering younger children to re-balance our intakes to leavers. We introduced a morning club to help provide Newnham Croft Primary School with wrap round care, we trialled it for the academic year after gauging interest by conducting a supdey with the school's families. Initial interest proved interesting but over the year we were not able to attract the numbers that were suggested. We decided to cancel the club at the end of the academic year. Our team of 3 staff have once again worked incredibly hard during such troubled times, and our thank5 go out to them and their familie5 for 5UPPOrting u5. My thank5 go to all member5 of the Committee who have contributed in various way5 this year, and also a big thank you to all the parents and children who have supported u5 during this year. Future Plans We are hopeful for a positive 2024125 academic year, the number5 for intake look strong again. Approval This report was approved by the board of directors & trustees on: 25th March 2025 and signed on its behalf by: V Sehgal Chairperson
NEWNHAM NURSERY LIMITED
REPORT OF THE INDEPENDENT EXAMINER
We report to the Trustees of Newnham Nursery Limited on the financial statements for the year ended 31 July 2024 set out in pages three to seven.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the financial statements and you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to examine the accounts under section 43 of the 1993 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and to state whether particular matters have come to my attention .
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements
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have not been met ; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached .
...........................................Dated........19th April 2025 Toby Hargrave ACMA CGMA 15 Headland Way Haconby Bourne PE10 0UW
NEWNHAM NURSERY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 JULY 2024
| Notes Incoming Resources Donations 2 Grants received 3 Income from services Investment income 4 Total incoming resources Resources expended Direct Charitable expenditure 5 Administration 6 Corporation Tax Bank charges Total Resources expended Net income Loan received Fund balances brought forward Fund balances carried forward |
Unrestricted funds £ - 56,616 26,712 0 83,328 72,945 4,053 76,998 0 - 76,998 6,330 0 4,587 10,917 |
Restricted funds £ - - - - - - - - - - - - - |
Total Total funds funds 2024 2023 £ £ - - 56,616 45,056 26,712 8,366 0 25 83,328 53,447 72,945 65,890 4,053 3,945 76,998 69,835 0 677 - - 76,998 70,512 6,330 (17,065) 0 0 4,587 21,652 10,917 4,587 |
|---|---|---|---|
All incoming resources expended derive from continuing activities.
The notes on pages 7 to 9 form part of these financial statements.
NEWNHAM NURSERY LIMITED
BALANCE SHEET AS AT 31 JULY 2024
| BALANCE SHEET AS AT 31 JULY 2024 |
||||||
|---|---|---|---|---|---|---|
| 2023 | 2023 | |||||
| £ | £ | £ | £ | |||
| Notes | ||||||
| FIXED ASSETS | ||||||
| Tangible Assets | 8 | 3,536 | 3,874 | |||
| CURRENT ASSETS | ||||||
| Debtors | - | - | ||||
| Cash at Bank | 7,381 | 2,086 | ||||
| 7,381 | 2,086 | |||||
| CREDITORS | ||||||
| Amounts falling due within one year | 9 | - | 1,373.00 | |||
| - | 1,373.00 | |||||
| NET CURRENT ASSETS | 7,381 | 713 | ||||
| NET ASSETS | 10,917 | 4,587 | ||||
| REPRESENTED BY: | ||||||
| Restricted funds | - | - | ||||
| Unrestricted funds | 10,917 | 4,587 | ||||
| 10,917 | 4,587 |
The notes on pages 8 to 10 form part of these financial statements.
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Board of Directors and Trustees on......................... and were signed on its behalf by:
........................................................ V Sehgal - Director
NEWNHAM NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024
| 2 Donations Donations from individuals and organisations 3 Grants received Government funding 4 Investment income Interest receivable 5 Direct charitable expenditure Premises expenses Insurance Support staff wages and expenses Milk & Food Other expenses Equipment depreciation 6 Administration expenditure Training Advertising Subscriptions Stationery & Books Postage Telephone etc Accountancy & payroll Legal Cleaning 7 Staff Costs Salary of £26,188 was paid to Susan Sehgal. Staff costs were as follows: Wages and salaries Pension Social security costs |
2024 - 56,616 - 9,128 672 59,245 900 2,662 338 72,945 358 352 785 - - 1,624 654 - 280 4,053 50,761 3,535 6,322 59,245 |
2023 - |
|---|---|---|
| 45,056 | ||
| 25 | ||
| 5,437 642 55,703 814 2,846 448 |
||
| 65,890 | ||
| 223 130 823 - - 1,587 722 - 460 |
||
| 3,945 | ||
| 47,433 2,607 4,290 |
||
| 55,703 |
The average monthly number of staff employed by the charity during the period was 3. All staff were involved in direct charitable work, apart from a small amount of administration.
NEWNHAM NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024
| 8 Fixed assets Cost As At 31 July 2023 Additions Disposals As At 31 July 2024 Depreciation As At 31 July 2023 Charge in the year Disposals As At 31 July 2023 Net book value As at 31 July 2024 As at 31 July 2023 9 Creditors Salaries PAYE & NIC Accruals & other creditors |
Computers £ 1,937 0 (148) 1,789 1,563 74 (148) 1,489 300 374 |
Equipment £ 11,223 (363) 10,860 7,723 264 (363) 7,624 3,236 3,500 2024 £ - - - - |
Total £ 13,160 0 (511) |
|---|---|---|---|
| 12,649 | |||
| 9,286 338 (511) |
|||
| 9,113 | |||
| 3,536 | |||
| 3,874 | |||
| 2023 £ 855 518 - |
|||
| 1,373 |