Gosforth Nursery Ltd
(A company limited by guarantee)
Trustees, report and flnanclal statements
for the year ended 31 August 2024
Charlty number: 1133546
Company number: 06952333
robinson+co (Gosforth) Limited
Chartered Accountants
GOSFORTH

Gosforth Nursery Ltd
(A company limited by guarantee)
Contents
Pa8e
Le8al and admlnistrative Informatlon
Trustees, report
Independent examiners, report
Statement of flnanclal actlvltles
Balance sheet
Cash flow statement
Notes to the flnanclal statements
10-20

Gosforth Nursery Ltd
(A company limited by guarantee)
Legal and administrative Informatlon
Charlty number
1133546
Company reglstratlon number
06952333
Buslness address
Gosforth Nursery Ltd
Gosforth C of E School
Wasdale Road
GOSFORTH
CA20 IAZ
Reglstered offlce
The Old For8e
Beck Place
GOSFORTH
CA20 IAT
Trustees
D N Brooks
T A Morrls
L J Rlsa8er W1150n Pontlng
P M l E1115
GOJI
ECVBates
Appolnted 23 October 2023
Re5Igned 01 August 2024
Accountants
roblnson+co IGosforthl Llmlted
The Old Forge
Beck Place
GOSFORTH
CA20 IAT
Bankers
HSBC Bank plc
3 Pow Street
WORKINGTON
CA14 3AT
Page I

Gosforth Nursery Ltd
(A company limited by guarantee)
Report of the trustees {incorporating the directors, report)
for the year ended 31 August 2024
The trustees present their report and the finan¢lal statements for the year ended 31 August 2024. The trustees, who
are also dlrectors of G05forth Nursery Ltd for the purposes of company law and who served durlng the year and up to
the date of thls report are set out on page l.
Structure* governance and management
Governlng document
Gosforth Nursery Llmited Is constltuted as a company Ilmlted by guarantee and Is a reglstered charlty, The charltable
company is governed by its Memorandum and Articles of Assoclatlon dated 3 July 2009.
Doy to doy management
The Nursery Is managed by Mrs Gllllan Jackson.
Trustees
The alm Is to malntaln a trustee board wlth a range of skllls whlch will be useful to the organlsatlon. New trustees are
taken through an Inductlon procedure.
Key managementper50nnel remunerutlon
The Trustees conslder the Board of Trustees and the Nursery Manager as comprlsln8 the key management personnel
of the charlty In charge of dlrectlng and controlllng the charlty and runnlng and operatln8 the charlty on a day to dav
bas15, All Trustees glve of thelr time freely and no trustee remuneratlon was pald In the year. The pay of the charlty's
senlor staff15 revlewed annually and assessed to ensure that the remuneratlon Set Is falr and not out of Ilne wlth that
generally pald for slmllar roles.
Objectlves and actlvltles
The Charltable Oblects are..
To enhance the development and educatlon of chlldren prlmarlly under statutory school age by encouraglng parents
to understand and provlde for the needs of thelr chlldren through communtiy groups and byi
l. Offerln8 approprlate play, educatlon and care facllltles and tralnln8 courses, together wlth the rl8ht of parents to
take responslblllty and to become Involved In the actlvltles of such group5, ensurln8 that such groups offer
opportunitles for all chlldren whatever thelr race, culture, rellglon, means or abllltvi
2. Encouraglng the study of the needs of such children and thelr families and promotlng publSc Interest In and
recognltlon of such needs.
3. Instl8atln8 and adherlng to and furthering the alms and oblects of the Pre-school Learnlng Alliance.
We aim to'.-
l. Provide high quallty care and educatlon for chlldren prlmarlly below statutory school age,.
2, Work In partnership with parents to help children learn and develop,.
3. Add to the life and well being of our local community; and
4. Offer chlldren and their parents a service which promotes equallty and value5 diverslty.
Public Benefit
The trustees have referred to the guidance contained in the Charity Commission's general guldance on public benefit
when reviewing the charlty's alrns and objectives and in planning future activities. In particular, the trustees consider
how planned activities will contribute to the aims and objectives they have set.
Pa8e Z

Gosforth Nursery Ltd
(A company Ilmited by guarantee)
Report of the trustee51Incorporatlng the dlrectors, report)
for the year ended 31 August 2024
Achlevements and performance
In spite of another challenging year which saw a significant Increase in the natlonal mlnlmum wage and hlgher than
avera8e running Costs, the nursery was able to continue to deliver the hlgh level of servlce to whlch parents using our
faclllty have become accustomed.
The nursery staff, tO8ether wlth the management, have contlnued to work with the asslduous splrit which they have
become known for over the Ilfetime of the nursery. There were not any slgnlflcant changes withln the team. This
contlnulty beneflts the chlldren wlthln our settlng as well as the staff, The low levels of attrltion at Gosforth Nursery
are testament to the strong sense of'team,.
In Aprll the staff recelved a pay rlse whlch, althou8h above the natlonal avera8e, wasn't proportlonal to prevlous years.
The percenta8e was reflectlve of the Nursery's flnances at that moment In tlme.
Slnce April changes have been Introduced whlch have helped boost the nurserles overall flnanclal performance. These
Include a block booklng 5y5tem whlch allowed a more efflclent & streamllned approach to stafflng,
Aprll also saw an Increase In fees and charges. Thls was requlred to ensure we contlnued to cover the Inevltable rlse
and cost5 encountered In the day to day runnlng of the nursery.
These changes resulted In an overall financlal galn from Aprll untll the perlod endlng August 2024.
Achlevements and performance Icontlnued)
Flnanclal revlew
At the balance sheet date the charlty held £163,32312023', £177,527) on unrestrlcted fund5 and £190,72612023.'
£204,3501 on restrlcted funds, a 5atlsfactory posltlon.
Reserves
G05forth Nursery Management Commlttee 5eek5 to hold 3 months operatlng Costs In reserves as part of thelr
contlngency plannlng process, At the date of thls report thls reserve fund was complete and stood at £50,000.
Rlsk monagement
The trustees have assessed the malor strategic, buslness and operatlonal rlsks to whlch the organlsation Is exposed.
They are satlsfied that systems are In place to mltl8ate the exposure to these risks,
Plan5 for future perlods
The future of the nursery Is looking promlsln8. In Ilne wlth the planned retlrement of the lon8-StandinB head of the
nursery, a change of management arrangements has been proposed. Gosforth School and Gosforth Nursery are
considering merging the two setting. Both partie5 are worklng together to determine how best to deliver a service
which remalns efficient, offers financial stabllity and continues to deliver hlgh quality education as well as being a 8reat
place to work. The Nursery Trustee5, School Governors and staff are all entlrely committed to ensurlng a high quality of
service provlslon for many years to come.
The Nursery Trustees are working to ensure a smooth transition to the proposed new management arrangements and
will continue to keep staff, parents and carers engaged throughout,
Page 3

Gosforth Nursery Ltd
(A company limlted by guarantee)
Report of the trustees (Incorporating the dlrectors, report)
for the year ended 31 August 2024
Statement of trustees, responslbllltles
The trustees (who are also directors of Gosforth Nursery Ltd for the purpose of company lawl are responslble for
preparing the Trustees, Annual Report and the flnancial Statements In accordance wlth applicable law and United
Kingdom Generally Accepted Accountlng Practice.
Company law requlre5 the trustees to prepare flnanclal statements for each flnanclal year whlch glve a true and fair
vlew of the state of affairs of the charltable company and of the incoming resources and appllcation of resources,
Including the Income and expendlture, of the charltable company for that perlod. In preparlng these financlal
statements, the trustees are requlred to..
Select sultable accountlng pollcles and then apply them conslstentlvi
observe the methods and principle5 In the Charities SORP,.
make judgement5 and estlmates that are reasonable and prudent;
state whether appllcable UK Accountlng Standards have been followed, subject to any materlal departures
d15cIosed and explalned In the flnanclal 5tatements,' and
prepare the flnanclal statements on the golng concern basls unless It Is Inapproprlate to presume that the
charltable company will contlnue In operation.
The trustees are responslble for keeplng proper accountlng records whlch dlsclose wlth reasonable accuracy at anv
tlme the flnanclal p051tlon of the charltable company and whlch enable them to ensure that the flnanclal statements
comply wlth the Companies Act 2006. They are also responslble for 5afeguardlng the assets of the charltable company
and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles.
Small company provlslons
Thls report has been prepared In accordance wlth the speclal provlslons for small Companles under Part 15 of the
Companles Act 2006.
On behalf of the board
GOJI
Dlrector
24)2f
Page 4

Gosforth Nursery Ltd
(A company limited by guarantee)
Independent examiner's report to the trustees on the unaudlted financial Statements of
Gosforth Nursery Ltd.
I report on the accounts of Gosforth Nursery Ltd for the year ended 31 Au8USt 2024 set out on pages 6 to 20.
Respectlve responslbllltles of trustees and independent examlner
The charity's trustees (who are also the dlre¢tors of the company for purposes of company lawl are responsible for the
preparatlon of the accounts. The trustees consider that an audlt is not required for this year under section 144 of the
Charltles Act 2011 Ithe Charitles Act), and that an independent examlnatlon Is needed. It Is my re5pon5ibllity to
examine the accounts under section 145 of the Charities Act, to follow the procedure5 lald down In the General
Dlrectlons given by the Charlty Commission under sectlon 1451Sllbl of the Act, and to state whether partlcular matters
have come to my attentlon.
Basls of Independent examlner's statement
My examlnatlon was carried out In accordance wlth the General Dlrectlons Blven by the Charlty Commlsslon. An
examlnatlon Includes a revlew of the accounting records kept by the charity and a comparlson of the accounts
presented wlth those records. It also Includes conslderatlon of any unusual items or d15c105ures in the accounts, and
5eeklng explanatlons frorn you a5 trustees concernln8 any such matters. The procedures undertaken do not provlde all
the evldence that would be requlred In an audlt and consequently no oplnlon Is 8lven a5 to whether the accounts
present a 'true and falr vlew, and the report Is Ilmlted to those matters set out In the statement below.
Independent examlner's statement
In connectlon wlth my examlnation, no matter has come to my attentlon,.
111 whlch gives me reasonable cause to belleve that In any material respect the requlrements:
to keep proper accountlng records In accordance wlth sectlon 386 of the Companles Act 2006,, and
to prepare accounts whlch accord wlth the accountln8 records, comply wlth the accountlng requlrements of
sectlon 396 of the Companles Act 2006 and with the methods and prlnclples of the Statement of
Recommended Practlce.. Accountlng and Reportlng by Charltles
have not been met; or
Illl to which, in my opinion, attentlon should be drawn In order to enable a proper understandin8 of the accounts
to be reached.
Mr J Splres FCA DChA
Independent examlner
robinson+co IGosforthl Limited
The Old Forge
Beck Place
Gosforth, Seascale
CA20 IAT
Page 5

Gosforth Nursery Ltd
(A company limited by guarantee)
Statement of financlal activltles (Incorporatlng the Sncome and expendlture account)
For the year ended 31 August 20Z4
Unrestrlrted Restrlcted
funds
funds
2024
Total
2023
Total
Notes
Income
Income from charltable actlvltle5
Income from other trading actlvltles:
Actlvltles for generatlng funds
Investment Income
226,691
94,375
321,066
373,264
3,790
783
3,790
783
7,543
378
Total Income
231,264
94,375
325,639
381,185
Expendlture
Charltable actlvltles
245,468
107,999
353,467
360,864
Total expendlture
245,468
107,999
353,467
360,864
Net Income/(expendlture) for the year
114,2041
113,6241 127,8281
20,321
Total funds brought forward
177,527
204,350
381,877
361,556
Total funds carrled forward
163,323
190,726
354,049
381,877
The statement of financlal actlvltles Includes all galns and losses In the year and therefore a separate statement of total
recognlsed galns and losses has not been prepared.
All of the above amounts relate to contlnulng activitles.
The notes on pages 10 to 20 form an integral part of these financial statements.
Page 6

Gosforth Nursery Ltd
(A company Ilmited by guarantee)
Balance sheet
as at 31 August 2024
2024
2023
Notes
Flxed assets
Tangible assets
Current assets
Cash at bank and In hand
12
298,471
317,674
63,629
73,567
63,629
73,567
Credltors: amounts falllng
due wlthln one year
13
18,0511
19,3641
Net current assets
55,578
64,203
Net assets
3S4,049
381,877
Funds
Restrlcted Income funds
Unrestrlcted Income funds
15
190,726
163,323
204,350
177,527
Total funds
354,049
381,877
The Balance Sheet contlnues on the followlng page.
The notes on pages 10 to 20 form an integral part of these financial statements.
Pa8e 7

Gosforth Nursery Ltd
(A company Ilmited by guarantee)
Balance sheet (continued)
Trustees statements required by the Companles Act 2006
for the year ended 31 August 2024
In approvlng these flnanclal statements as trustees of the company we hereby confirm:
lal that for the year stated above the company was entltled to the exemptlon conferred by sectlon 477 of the
Companles Act 2006 ,
Ibl that no notlce has been deposlted at the reglstered offlce of the company pursuant to section 476 of the
Companles Act 2006 requestlng that an audit be conducted for the year ended 31 August 2024.
Icl that we acknowled8e our responslbllltle5 for.,
111 ensurlng that the company keeps proper accountlng records whlch comply wlth sectlon 386 of the Companles Act
2006, and
121 preparlng flnanclal statements whlch glve a true and falr vlew of the state of affalrs of the company a5 at the end of
the financial year and of its profit or loss for the year then ended In accordance with the requlrements of sectlons 394
and 395, and whlch otherwlse comply wlth the provlsion5 of the Companles Act relatlng to financlal statements, so far
as applicable to the companv.
These flnanclal statements are prepared In accordance wlth the speclal provlslons of Part 15 of the Companle5 Act
2006 relatln8 to small companles
The flnanclal statements were approved by the board on
)1512S
and slgned on Its behalf by
GOJI
Dlrector
The note5 on pages 10 to 20 form an integral part of these flnanclal statements.
Page 8

Gosforth Nursery Ltd
(A company Ilmited by guarantee)
Cash flow statement
for the year ended 31 August 2024
2024
2023
Notes
Net Cash used by operating actlvltles
19
15,7681
46,744
Cash flows from Investlng actlvltles
Interest and dividends
Purchase of tanglble flxed asset5
783
14,9531
378
115,5411
Net cash provlded by Investlng actlvltles
14,1701
115,1631
Change In cash and cash equlvalents In the year
19,9381
31,581
Cash and cash equlvalents brought forward
73,567
41,986
Cash and cash equlvalent5 Carrled forward
63,629
73,567
The notes on pages 10 to 20 form an Integral part of these flnancial statements.
Pa8e 9

Gosforth Nursery Ltd
(A company Ilmlted by guarantee)
Notes to flnancial statements
for the year ended 31 August 2024
Accounting pollcles
The principal accounting pollcles adopted, judgements and key sources of estlmation uncertainty In the
preparatlon of the financial statements are summarised below.
Basls of accountlng
The financlal statements are prepared under the historlcal cost convention wlth Items recognlsed at cost or
transactlon value unless otherwlse stated In the relevant notelsl to these accounts. The financial statements
have been prepared In accordance with the Statement of Recommended Practice, Accountln8 and Reportin8 by
Charltie5 preparlng thelr accounts in accordance wlth the Financial Reportlng Standard appllcable In the UK and
Republic of Ireland IFRS 1021 Issued on 16 July 2014 and the Flnancial Reportlng Standard applicable In the UK
and Republlc of Ireland IFRS 1021 and the Companles Act 2006.
The company constltutes a publlc beneflt entlty as deflned by FR5 102.
The trustees conslder that there are no materlal uncertalntles about the charlty's ablllty to contlnue a5 a 8oln8
concern.
The presentatlonal currency Is U K Sterlln8 pounds (£1.
Income
All income Is Included In the statement of flnanclal actlvltles once the charlty has entltlement to the Income, It Is
probable that the Intome wlll be recelved and the amount of Income recelvable can be Measured reliably. The
followlng speclflc pollcles are applled to partlcular categorles of Income,.
Grants, Includlng Brants for the purchase of flxed assets, are reco8n15ed In full In the statement of flnanclal
actlvities In the year In whlch they are recelvable.
Income from Investments Is Included In the year In whlch It Is recelvable.
1.3. Expendlture
Expendlture Is reco8n15ed on an accrual basls as a Ilablllty Is Incurred. Expendlture Includes any VAT which
cannot be fully recovered, and Is reported as part of the expendlture to which It relates.
Costs of ralslng funds comprlse the costs assoclated wlth attracting voluntary income and the costs of tradlng
for fundra15ing purposes.
Charitable expenditure comprises those costs incurred by the charity In the delivery of Its actlvltles and servlces
for its beneflclarles. It include5 both costs that can be allocated dlrectly to such activltles and those costs of an
Indlrect nature necessary to support them.
Support costs are those costs incurred dlrectly in Support of expenditure on the objects of the charlty and
Include project management 3nd governance costs.
Page 10

Gosforth Nursery Ltd
(A company limited by guarantee)
Note5 to flnancial statements
for the year ended 31 August 2024
1.4. Tanglble flxed assets and depreclatlon
Tangible fixed assets are stated at cost less accumulated depreclation. Depreclatlon Is provided at rates
calculated to write off the cost less residual value of each asset over its expected useful life, as follows..
Leasehold propertles
Flxtures, fittings and equipment
Straight Ilne over the Ilfe of the lease
25% stralght Ilne
Flnanclal Instruments
A flnanclal asset or a flnanclal Ilablllty Is reco8nlsed only when the entlty becomes a party to the contractual
provlslons of the Instrument.
Baslc flnanclal Instruments are Inltlally recognlsed at the amount receivable or payable Includln8 any related
transaction costs, unless the arrangement constltutes a flnanclng transaction, where It Is recognlsed at the
present value of the future payments dlscounted at a market rate of Interest for a slmllar debt instrument.
Current assets and current Ilabllltles are 5ub5equently measured at the cash or other conslderatlon expected to
be pald or recelved and not dlscounted,
Debt Instruments are Subsequently measured at amortlsed cost.
Flnanclal assets that are measured at Cost or amortlsed c05t are revlewed for oblectlve evldence of Impalrment
at the end of each reportlng date. If there Is oblectlve evldence of Impalrment, an Impalrment105515 recognlsed
under the appropriate heading In the statement of flnanclal actlvlties in whlch the inltial galn was recogni5ed.
Any reversals of Impalrment are recognlsed Immedlatelyi to the extent that the reversal does not result In a
carrylng amount of the flnanclal asset that exceeds what the carrylng amount would have been had the
Impalrment not prevlously been recognlsed.
Deflned contrlbutlon penslon schemes
The penslon costs charged In the flnanclal statements represent the contrlbutlons payable by the Charlty durln8
the year.
Page 11

Gosforth Nursery Ltd
(A company limited by guarantee)
Notes to financlal statements
for the year ended 31 August 2024
1.7. Government grants
Government grants are recognlsed at the fair value of the asset received or receivable. Grants are not
recognised until there Is reasonable assurance that the company will comply wSth the condition5 attachlng to
them and the grants wlll be received.
Government grants are recognlsed usin8 the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematlc basi5 over the
perlods In which the company recognlses the related cost5 for whlch the grant is intended to compensate,
Grants that are receivable as compensatlon for expenses or losses already Incurred or for the purpose of 8lving
Immedlate flnanclal support to the entlty wlth no future related costs are recognlsed In income In the perlod in
whlch It becomes recelvable.
Grants relatlng to assets are reco8nlsed In Income on a systematlc basls over the expected useful Ilfe of the
asset, Where part of a grant relatln8 to an asset Is deferred, It Is recognlsed as deferred Income and not
deducted from the carrylng amount of the asset.
Under the performance model, where the grant does not Impose speclfled future performance-related
condltlons on the reclplent, It Is recognlsed In Income when the grant proceeds are recelved or receivable,
Where the grant does Impose speclfled future performan¢e-related condltion5 on the reclplent, Itls recognised
In Income only when the perforrnance-related condltlons have been met. Where grants recelved are prlor to
satlsfylng the revenue recognitlon crlterla, they are recognlsed as a Ilabllltv.
Income from charltable artlvltles
Unrestrlcted Restrlcted
funds
funds
2024
Total
2023
Total
Government 8rants
Fees from parents
Early years entltlement5
53,328
198,117
121,819
226,691
226,691
94,375
94,375
226,691
94,375
321,066
373,264
In 2023 of the Income from charltable actlvltles, £121,819 was attrlbutable to restrlcted Income funds, wlth the
balance of £251,445 beln8 unrestrlcted.
Actlvltles for generatlng funds
Unrestrlcted
funds
2024
Total
2023
Total
Fundraising events
Income from solar panels
679
3,111
679
3,111
4,498
3,045
3,790
3,790
7,S43
In 2023 all of the income from activities for generating fund5 was attributable to unrestricted Income funds.
Page 12

Gosforth Nursery Ltd
(A company limlted by guarantee)
Notes to financial statements
for the year ended 31 August 2024
Investment Income
Unrestrlcted
funds
2024
Total
2023
Total
Bank Interest recelvable
783
783
378
783
783
378
In 2023 all of the investment Income was attrlbutable to unrestrlcted Income funds.
Costs of charltable artlvltles- by fund type
Unrestrlrted
funds
Restrlcted
funds
2024
Total
2023
Total
Operatlon of nursery
245,468
107,999
353,467
360,864
245,468
107,999
353,467
360,864
In 2023 of the costs of charltable actlvltles, £135,443 was attrlbutable to restrlcted funds, wlth the balance of
£225,421 belng unrestrlcted.
Costs of charltable actlvltles - by actlvltv
Actlvltles
undertaken
dlrectly
Support
costs
2024
Total
2023
Total
Operatlon of nursery
349,009
4,458
353,467
360,864
349,009
4,458
353,467
360,864
Page 13

Gosforth Nursery Ltd
(A company limited by guarantee)
Notes to financlal Statements
for the year ended 31 August 2024
Analysls of support costs
Operatlon
of nursery
2024
Total
2023
Total
Accountancy char8es
Legal and professlonal fees
Bank charges
Sundry expenses
1,212
1,796
1121
1,462
1,212
1,796
1121
1,462
I,iio
1,081
106
1,035
4,458
4,458
3,332
Net (out8olng)/lncomlng resources for the year
2024
2023
Net loutgolngl/lncomlng resources Is stated after char8lng'.
Depreciatlon and other amounts wrltten off tanglble flxed assets
24,156
22,124
Page 14

Gosforth Nursery Ltd
(A company limlted by guarantee)
Notes to financial statement5
for the year ended 31 August 2024
Employees
Employment costs
2024
2023
Wa8es and salarles
Social security costs
Penslon c05t5
262,003
14,687
5,059
272,403
12,786
4,595
281,749
289,784
No employee recelved emoluments of more than £60,00012023 None).
Number of employees
The average monthly numbers of employees Ilncludlng the trustees) durlng the year was as follows:
2024
Number
2023
Number
staff
16
18
Durlng the year no expenses were pald to trustees12023 - £nlll,
The key management personnel of the Charlty Is comprlsed of the Board of Trustees and Nursery Manager,
The total employment beneflts of the key mana8ement personnel were £48,81712023-. £45,2061,
io.
Penslon costs
The company operates a defined contrlbutlon pension scheme In respect of the NEST penslon scheme. The
scheme and Its assets are held by Independent managers, The penslon charge represents contrlbutlons due
from the company and was a5 follows:
2024
2023
Pension charge
5,059
4,595
Contrlbutlons amountlng to £2,07112023: £2,000) were outstanding at the year end and are Included wlthln
other creditors.
ii.
Taxatlon
The charity's activitie5 fall within the exernptions afforded by the provlslons of the Income and Corporation
Taxes Act 1988. Accordingly, there is no taxation charge in these account5.
Page 15

Gosforth Nursery Ltd
(A company limlted by guarantee)
Note5 to financial statements
for the year ended 31 August 2024
Short
Flxture5,
leasehold flttings and
property equlpment
12.
Tangible fixed assets
Total
Cost
At I September 2023
Addltlons
497,685
11,076
4,953
508,761
4,953
At 31 August 2024
497,685
16,029
513,714
Depreclatlon
At I September 2023
Charge for the year
183,769
20,870
7,318
3,286
191,087
24,156
At 31 Au8USt 2024
204,639
10,604
215,243
Net book values
At 31 August 2024
293,046
5,425
298,471
At 31 Au8USt 2023
313,916
3,758
317,674
Cost of short leasehold property con51sts of expendlture Incurred constructln8 the purpose-bullt nursery
1£434,6471, the Plne Lodge1£6,6901, a shed1£7,5001, and property improvements1£14.1161, together wlth the
constructlon of an outdoor area1£34,7321. The nursery Is leased from Cumbrla County Councll.
13.
Credltors: amounts falllng due
wlthln one year
2024
2023
Other taxes and soclal securltv
Other credltors
Accruals and deferred Income
4,516
2,071
1,464
4,940
3,176
1,248
8,051
9,364
Page 16

Gosforth Nursery Ltd
(A company limited by guarantee)
Notes to financlal statements
for the year ended 31 August 2024
14.
Flnancial instruments
The carrying amount for each category of financlal Instrument Is as follows,.
2024
2023
Flnanclal Ilabllltles measured at amortlsed cost
Other creditors
Accruals
2,071
1,464
3,176
1,248
3,535
4,424
15.
Analysls of net asset5 between funds
Unrestrlrted
funds
Restrlcted
funds
Total
funds
Fund balances at 31 August 2024 as represented by..
Tanglble flxed assets
Current assets
Current liablllties
107,745
63,629
18,0511
190,726
298,471
63,629
18,0511
163,323
190,726
354,049
Unrestrlcted
funds
Restrlcted
funds
Total
funds
Fund balances at 31 Au8U5t 2023 as represented by.,
Tan8lble fixed assets
Current assets
Current liabllitles
113,324
73,567
19,3641
204,350
317,674
73,567
19,3641
177,527
204,350
381,877
Pa8e 17

Gosforth Nursery Ltd
(A company limited by guarantee)
Notes to flnancial statements
for the year ended 31 August 2024
16,
Anaysis of movements In unrestrlcted funds - current year
At
15eptember
Incomlng Outgolng
2023 resources
resources
At
31 August
2024
General funds
177,527
231,264
1245,4681
163,323
Anaysls of movements In unrestrlcted funds - prevlous year
At
I September
2022
At
31 August
2023
In¢omln8
resour¢es
Out8olng
resources
General funds
143,582
259,366
1225,4211
177,527
Purposes of unre5trlcted funds
The charlty'5 unrestrlcted funds can be used wlth the approval of the board of trustees to fund any
expendSture whlch falls wlthln the charlty's general alms and oblectlves.
Page 18

Gosforth Nursery Ltd
(A company Ilmited by guarantee)
Notes to flhancial statements
for the year ended 31 August 2024
17.
Analysis of movements In restrlcted funds - current year
At
I September
2023
At
31 August
2024
Incomlng
resources
Out8oln8
resources
Bulldlng grants and donatlon5
Other restrlcted funds
204,350
113,6241
194,3751
190,726
94,375
204,350
94,375
1107,9991
190,726
Anaysls of movements In re5trl¢ted funds - prevlous year
At
I September
2022
At
31 August
2023
Incomlng
resources
Outgoln
resources
Bulldlng grants and donatlons
Other restrlcted funds
217,974
113,6241
1121,8191
204,350
121,819
217,974
121,819
1135,4431
204,350
Purposes of restrlcted funds
Bulldln8 grants and donatlon5 these funds arlse from grants and donatlons glven for the bulldlng of a
purpose-bullt nursery. The balance at the year end Is represented entlrely by buSldlng Improvements made
from the restricted fund, less accumultated depreclatlon thereon, with a net book value of £190,726.
Other restrlcted funds Include grants and donations where the funder or donor has speclfled the purpose for
whlch the funds must be used. All such fundlng was fully Spent at the balance sheet date.
18.
Flnanclal ¢ommltments
At 31 August 2024 the company had annual commitments under non-cancellable operating leases as follows:
Land and bulldlngs
2024
2023
Explry date:
In over five years
358
351
Page 19

G05forth Nursery Ltd
(A company limlted by guarantee)
Notes to flnancial statements
for the year ended 31 August 2024
19.
Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2024
2023
Net movement in funds
Add back depreciation charge
Deduct interest Income shown In Investlng actlvltles
IDecreasel/increase in creditor5
127,8281
24,156
17831
11,3131
20,321
22,124
13781
4,677
Net Cash used by operatlng actlvltles
IS,7681
46,744
20.
An3lys1s of changes In net funds
Openln8
balance
Cash
flows
Closln8
balance
Cash at bank and In hand
73,567
19,9381
63,629
Net funds
73,567
19,9381
63,629
21.
Company Ilmlted by guarantee
Gosforth Nursery Ltd Is a company Ilmlted by guarantee and accordlngly does not have a share capltal.
Every member of the company undertakes to contrlbute such amount as may be requlred not exceedln8 £1 to
the assets of the charltable company in the event of Its bein8 wound up while he or she Is a member, or wlthln
one year after he or she ceases to be a member.
Page 20