Company Registration Number - 07024413
The Charity Registration Number - 1134204
Collingham Gardens Nursery
## Report and Accounts
31 August 2025
## **Collingham Gardens Nursery**
## **Report and accounts for the year ended 31 August 2025**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||6|
|**Independent Examiners Report**||7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8|
|Statement of Financial Activities - Prior Year statement||9|
|Movements in funds||10|
|Income and Expenditure account||11|
|**Balance sheet**||12|
|**Notes to the accounts**||14|
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
The Trustees present their Report and Accounts for the year ended 31 August 2025, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name**_
The legal and operating name of the charity is:- Collingham Gardens Nursery.
## _**The charity's area of operation and UK charitable registration.**_
The charity is registered in England and Wales with the Charity Commission for England and Wales (CCEW) with charity number 1134204.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
## _**The principal operating address of the charity is:-**_
Henrietta Mews Kings Cross, London, WC1N 1PH
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
## **The Trustees and Company Secretary in office on the date the report was approved were:-**
Molly Anna Clarke (appointed 24th September 2024) Angelica Cervero (appointed 24th September 2024) Sebastian Gazmuri (appointed 24th September 2024) Alexandra Gillingham (appointed 14th July 2025) Adam Henry Peter King (appointed 24th September 2024) Carl Thomas Magnus-Hannaford (appointed 14th July 2025) Sophie Claire Miller (appointed 24th September 2024) Katharine Elizabeth Brown (appointed 24th September 2024)
The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.
_**Name Appointed Resigned/Retired**_ Katerina Kleinfender 24 September 2024 14 December 2023 Chris John Russel Prewer 24 September 2024 09 July 2025
1
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The organisation’s purposes and aims as set out in its Memorandum of Association are to enhance the development and education of children. The prime focus is on outdoor learning and parent participation with the aim to help parents understand and provide for the needs of their children through outdoor learning, play and involvement in community activities. These aims are consistent with the purposes for which the organisation was established by Save the Children in the 1960s. Since the 1980s the organisation has been parent-led.
## _**The main activities undertaken in relation to those purposes during the year.**_
Throughout the year, the nursery has kept its mission to provide accessible, community-based early years education and care, welcoming children as they became eligible throughout the year. Children are enrolled into one of two age-specific rooms: Daisy room, for children aged 2 to 3 years (capacity: 8 children), and Sunflower room for children aged 3 to 5 years (capacity: 16 children).
Families have the flexibility to choose the number of days their child attends each week, which supports a variety of family needs and work schedules. Fees are determined using a band-system based on household income, ensuring affordability and access for families from a range of socioeconomic backgrounds. This system is intended to be adjusted annually to reflect inflation and reviewed biennially with the support of professional accountants. In 2025 both salaries and fees were adjusted per inflation, which was noted as an error from 2024 were this did not happen.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
This year, the nursery organised several activities that supported its charitable aims and delivered public benefit beyond the immediate nursery community. One key event was the Summer Fair, which was open to the wider public as well as nursery families. The fair served as both a fundraising initiative and a way to strengthen community engagement, welcoming neighbours, alumni, and local families to participate in a day of activities, food, and entertainment. One of the biggest efforts has been put into periodical Gardening Sessions, which are advertised via email and a whatsapp group (which includes current parents and alumni). The sessions are held the first Saturday of every month, they welcome children and parents and it's a great moment to gather old, current and prospective families into the project. These activities reflect the nursery’s ongoing commitment to education, community inclusion, and accessible early years development, all key aspects of its charitable purpose.
This year, the nursery organised several activities that supported its charitable aims and delivered public benefit beyond the immediate nursery community. One key event was the Summer Fair, which was open to the wider public as well as nursery families. The fair served as both a fundraising initiative and a way to strengthen community engagement, welcoming neighbours, alumni, and local families to participate in a day of activities, food, and entertainment. Another significant initiative was World Book Day, led by a member of the teaching staff. As part of this event, a book swap and sale was set up on the street outside the nursery, inviting members of the public to participate. The funds raised were donated to the nursery to purchase new books, thereby directly enhancing the learning resources available to the children. These activities reflect the nursery’s ongoing commitment to education, community inclusion, and accessible early years development, all key aspects of its charitable purpose.
## **The main achievements and performance of the charity during the year.**
This year was a particularly successful year for the nursery in relation to the previous ones in terms of management: Fees and salaries were adjusted in line with inflation, a salary band system was implemented for the staff which takes into consideration different factors such as years of service, qualifications, and others.
We managed to hire an excellent manager and a part time cook which has reduced levels of stress for everyone and and given a sense of stability. The trustees have strengthened the charity’s long-term stability by formalising arrangements with the landlord, the Church of England, following earlier changes in land ownership and management. This has provided greater clarity and security for the future. They have also built a positive relationship with the Church, leading to improvements to the premises, including a new entrance and gate.
The Summer Fair was another highlight, bringing together current families and former nursery families (alumni) for a well-attended and joyful event. It not only raised valuable funds but also strengthened community bonds and reinforced the supportive network surrounding the nursery.
## _**Fundraising activities during the year.**_
During the year, the nursery benefited from several fundraising initiatives. A successful Summer Fair generated valuable funds, and additional income was raised by offering the nursery’s outdoor space for children’s birthday parties, which proved popular with local families.
A significant boost to fundraising efforts came through a match funding scheme (via Benevity) provided by the employer of one of the parents, effectively doubling the amount raised from these activities.
The nursery submitted an application for a Tesco Community Grant, seeking funding for the development of outdoor play structures to enhance the children’s learning and recreational experiences, which we won, receiving £1,000 as a result.
2
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
Throughout the year, the nursery remained committed to its core purpose of serving as a community-focused, affordable childcare option in Central London. This commitment is supported by a banded fee system, which ensures that families contribute fees based on their household income, making high-quality childcare accessible to a broader range of families.
The nursery operates year-round, opening Monday to Friday from 8:15 AM to 5:45 PM, with closures limited to one week at Easter, two weeks in the summer, and two weeks over the Christmas and New Year period. This consistent schedule provides reliable support for working parents, helping them balance employment and family responsibilities.
In line with its values, the nursery continues to foster an inclusive and welcoming environment, embracing families of all racial backgrounds, sexual orientations, socioeconomic statuses, and religious beliefs. This inclusive ethos is central to the nursery’s role as a trusted and supportive space within the community.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The trustees of the charity are unpaid members who play a vital role in overseeing the administration of the nursery and supporting fundraising efforts. Given that many parents and carers come from diverse professional backgrounds, their varied expertise and perspectives are valuable in contributing to the strategic direction and governance of the nursery.
New trustees are appointed at the Annual General Meeting (AGM) which is held at the end of summer (before summer holidays which are the two last weeks of August each year).
Parents are encouraged to attend the AGM. If unable to attend, members are encouraged to vote by proxy. Those interested in standing as a trustee must submit a written nomination via email to the current board of trustees in advance of the meeting.
Membership of the charity is open to individuals or organisations who apply and are approved by the board of directors. Applications may only be refused if the board considers them not to be in the best interests of the charity.
Trustees are appointed by ordinary resolution of the members at the AGM for a term of one year. Trustees may seek re-election. Additionally, the board may appoint individuals to serve as trustees between AGMs. These appointees must resign at the next AGM but may stand for re-election. In accordance with the charity's governing document, at least 60% of trustees must be current parents or guardians of children attending the nursery at the time of election. The board must comprise no fewer than three and no more than nine trustees.
The trustees form the Management Committee, which meets regularly—typically on a monthly basis—to review and oversee the nursery’s operations and finances, ensuring the charity remains compliant and aligned with its objectives.
Bankers
Accountants
Lloyds Bank PLC, Gray's Inn Road, London
HaesCooper, Unit A, Farriers Courtyard, Spelmonden Road, Goudhurst. TN17 1HE
3
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 August 2025**_
The financial position of the charity at 31 August 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
Unrestricted Revenue Funds available for the general purposes of the charity
**Net income**|**2025**
**£**
(48,806)
73,013
71,029
144,042|**2024**
**£**
28,311
115,435
77,413
192,848|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 August 2025 .**_
An analysis of the movements in the financial position of the charity during the year to 31 August 2025 and the position at the year then ended is as follows:-
|**Unrestricted funds**
**Restricted funds**
Community Infrastrucrure Levy monies grant
Benevity Causes donation
Minor funds
**Total restricted funds**
**Total funds**|**As at 31 August**
**2024**
**Income in the year**
**Expenditure in the**
**year**
**As at 31 August**
**2025**
**£**
**£**
**£**
**£**
**115,435**
**208,107**
**(250,529)**
**73,013**
48,697
-
(10,754)
37,943
27,130
4,370
-
31,500
1,586
-
-
1,586
**77,413**
**4,370**
**(10,754)**
**71,029**
**192,848**
**212,477**
**(261,283)**
**144,042**|
|---|---|
## Unrestricted funds
Unrestricted income funds at 1 September 2024 decreaserd during the year by £42,422 and at 31 August 2025 amounted to £73,013 (31 August 2024 £115,435).
## Restricted funds
Restricted funds received during 2023/24 totalled £4,370 comprising of a Benevity Causes donation. Expenditure incurred in the year to 31 August 2025 totalled £10,754 which relates to the annual depreciation charge on the assets paid for from restricted funds.
## Reserves
Reserves at 31 August 2025 equate to the charity’s unrestricted income funds of £73,013 (31 August 2024 £115,435) and restricted income funds of £71,029 (31 August 2024 £77,413); these comprised of cash £102,198 , fixed assets £36,497 and debtors £21,895 less creditors £16,548.
It has been the charity’s aim to hold reserves equivalent to at least three month’s operating costs. This was thought necessary to provide resilience against static grant receipts and the difficulty of being able to quickly re-align fee charges to match often rapid and sharply rising costs. The income the nursery can earn is also constrained by the number of children it can accommodate, the need to comply with statutory staffing levels and the level of unavoidable fixed overheads.
4
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
## _**Going Concern**_
The charitable activities of the company are entirely dependent upon the continuation of grant aid, voluntary donations and fee income. Adoption of the going concern basis of accounting is dependent upon the expectation of the continuation of future cash flows from these uncertain funding streams.
The trustees have therefore prepared and reviewed forecasts for periods to 31 August 2026.
Based on these forecasts, and to the best of their knowledge and belief, the trustees are satisfied that at the time of approving these financial statements it is appropriate to adopt the going concern basis in their preparation.
Other than the matters identified above the trustees are not aware of any other material uncertainties which might affect the charity’s ability to continue as a going concern.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## _**Plans For the Future**_
## **Summary of plans for the future and the trustees' perspective of the future direction of the charity.**
The trustees’ priorities for the future include retaining and supporting the existing staff team, recognising that staff wellbeing and stability are essential to maintaining a high-quality nursery environment. Efforts will continue to focus on staff retention, professional support, and fostering positive relationships between staff and the management committee. Following a particularly successful year for the nursery, the trustees aim to maintain strong performance, including healthy enrolment numbers, a positive atmosphere, and strong working relationships across the organisation. A key area of focus for the coming year will be exploring the possibility of extending the building to create a dedicated baby room. This would enable the nursery to expand its provision in response to the extension of government childcare funding to children from nine months old. The trustees also plan to continue applying for grants and to dedicate significant effort towards fundraising initiatives and the development of additional outdoor structures and play facilities.
## **Details of The Independent Examiner**
## Emma Barty
Fellow Member of the Institute of Chartered Accountants of England and Wales Unit A, Farriers Courtyard Spelmonden Farm, Spelmonden Road Goudhurst Kent TN17 1HE
5
## **Collingham Gardens Nursery**
Company Registration Number - 07024413
## **Trustees' Annual Report for the year ended 31 August 2025**
## **Statement of Directors’ and Trustees’ Responsibilities**
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 issued in October 2019.
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 8 to 24.
The financial statements of the charitable company have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)' and Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 26 May 2026.
For and on behalf of the board of trustees
Angelica Cervero Trustee
6
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF COLLINGHAM GARDENS NURSERY**
I report on the accounts of the company for the year ended 31 August 2025, which are set out on pages 8 to 24.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to examine the accounts under section 145 of the 2011 Act.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the 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 the seeking of explanations from you as 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:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006;
- and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Charities SORP FRS 102 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.
## E L Barty
Emma Barty FCA CTA HaesCooper & Associates Ltd Unit A, Farriers Courtyard Spelmonden Farm, Spelmonden Road Goudhurst Kent TN17 1HE
7
## **Collingham Gardens Nursery - Statement of Financial Activities for the year ended 31 August 2025**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 August 2025, as required by the Companies Act 2006)**_
|**Income from:**
Donations and grants
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
**Total income**
**A**
**Expenditure on:**
Charitable activities
B2
**Total expenditure**
**B**
**Net income for the year**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
76,628
130,604
-
875
**208,107**
250,529
**250,529**
**(42,422)**
115,435
**73,013**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
4,370
-
-
-
**4,370**
10,754
**10,754**
**(6,384)**
77,413
**71,029**|**Current year**
**Total Funds**
**2025**
**£**
**80,998**
**130,604**
**-**
**875**
**212,477**
**261,283**
**261,283**
**(48,806)**
**192,848**
**144,042**|**Prior Year**
**Total Funds**
**2024**
**£**
130,739
160,255
-
1,068
**292,062**
263,751
**263,751**
**28,311**
164,537
**192,848**|
|---|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
8
## **Collingham Gardens Nursery - Statement of Financial Activities for the year ended 31 August 2025**
## **Collingham Gardens Nursery - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**Income from:**
Donations and grants
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**
**Net movement in funds**|**Prior Year**
**Unrestricted**
**Funds**
**2024**
**£**
126,053
160,255
-
1,068
287,376
-
253,054
**253,054**
**34,322**
81,113
**115,435**
|**Prior Year**
**Restricted**
**Funds**
**2024**
**£**
4,686
-
-
-
4,686
-
10,697
**10,697**
**(6,011)**
83,424
**77,413**|**Prior Year**
**Total Funds**
**2024**
**£**
**130,739**
**160,255**
**-**
**1,068**
**292,062**
**-**
**263,751**
**263,751**
**28,311**
**164,537**
**192,848**|
|---|---|---|---|
## **All activities derive from continuing operations**
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
## **The notes attached on pages 14 to 24 form an integral part of these accounts.**
9
## **Collingham Gardens Nursery - Statement of Financial Activities for the year ended 31 August 2025**
## **Movements in revenue funds for the year ended 31 August 2025**
## **Revenue accumulated funds**
|Accumulated funds brought forward
**Closing revenue funds**
**Summary of funds**
Revenue accumulated funds
Recognised gains and losses before
transfers|**Unrestricted**
**Funds**
**2025**
**£**
115,435
(42,422)
**73,013**
**Unrestricted**
**Funds**
**2025**
**£**
73,013|**Restricted**
**Funds**
**2025**
**£**
77,413
(6,384)
**71,029**
**Restricted**
**Funds**
**2025**
**£**
71,029|**Total**
**Funds**
**2025**
**£**
192,848
(48,806)
**144,042**
**Total**
**Funds**
**2025**
**£**
144,042|**Last year**
**Total Funds**
**2024**
**£**
164,537
28,311
**192,848**
**Last Year**
**Total Funds**
**2024**
**£**
192,848|
|---|---|---|---|---|
**The notes attached on pages 14 to 24 form an integral part of these accounts.**
10
## **Collingham Gardens Nursery - Statement of Financial Activities for the year ended 31 August 2025**
## **Collingham Gardens Nursery**
## **Income and Expenditure Account for the year ended 31 August 2025 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Other small donations
Investment income
Interest receivable
**Gross income in the year**
**_Expenditure_**
Charitable expenditure, excluding depreciation
Depreciation
Governance costs
Interest payable
**Total expenditure in the year**
**Retained surplus for the financial year**|**2025**
**£**
206,202
5,400
875
**212,477**
243,368
15,803
2,112
-
**261,283**
**(48,806)**|**2024**
**£**
286,208
4,786
1,068
**292,062**
245,963
15,676
2,112
-
**263,751**
**28,311**|
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
## **The notes attached on pages 14 to 24 form an integral part of these accounts.**
11
## **Collingham Gardens Nursery - Balance Sheet as at 31 August 2025**
|||**SORP**|||||
|---|---|---|---|---|---|---|
||Notes|**Ref**||**2025**||**2024**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Tangible assets|10|A2||36,497||52,300|
|**Current assets**||B|||||
|Debtors|12|B2|21,895||10,928||
|Cash at bank||B4|102,198||145,669||
|**Total current assets**|||124,093||156,597||
|**Creditors: amounts falling due within**|||||||
|**one year**|13|C1|(16,548)||(16,049)||
|**Net current assets**||||107,545||140,548|
|**The total net assets of the charity**||||**144,042**||**192,848**|
|**The total net assets of the charity are**|**funded by the funds**||**of the charity, as follows:-**||||
|**Restricted funds**|||||||
|Restricted Revenue Funds|18|D2|71,029||77,413||
|**Unrestricted Funds**||||71,029||77,413|
|Unrestricted Revenue Funds|18|D3|73,013||115,435||
|**Designated Funds**||||73,013||115,435|
|**Total charity funds**||||**144,042**||**192,848**|
12
## **Collingham Gardens Nursery - Balance Sheet as at 31 August 2025**
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
For and on behalf of the board of trustees
## **Angelica Cervero**
Trustee
Approved by the board of trustees on 26 May 2026
**The notes attached on pages 14 to 24 form an integral part of these accounts.**
13
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charity is incorporated as a company limited by guarantee. In the event that the charity is dissolved while a person is a member, or within twelve months after he or she ceases to be a member, then he or she is liable to contribute a sum not exceeding £10 to the payment of the debts and liabilities of the charity.
The financial statements are presented in sterling which is the functional currency of Collingham Gardens Nursery, rounded to the nearest £1.
## **Going Concern**
The charitable activities of the company are entirely dependent upon the continuation of grant aid, voluntary donations and fee income. Adoption of the going concern basis of accounting is dependent upon the expectation of the continuation of future cash flows from these uncertain funding streams.
The trustees have therefore prepared and reviewed forecasts for periods to 31 August 2024.
Based on these forecasts, and to the best of their knowledge and belief, the trustees are satisfied that at the time of approving these financial statements it is appropriate to adopt the going concern basis in their preparation.
Other than the matters identified above the trustees are not aware of any other material uncertainties which might affect the charity’s ability to continue as a going concern.
## _**Policies relating to categories of income and income recognition.**_
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
14
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **Donated services and facilities**
Donated services and facilities (not including the use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
|Leasehold improvements|16.67%|straight line|
|---|---|---|
|IT equipment|33%|straight line|
|Non IT equipment|25%|straight line|
During the year the Trustees reviewed the expected lives of the company’s assets. They concluded that the lives of leasehold improvements should be extended from five years to six years and those of non-IT equipment should be increased from three years to four years.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classed as current liabilities if they are due within one year or less. Trade creditors are recognised at transaction price.
## **Cash at bank**
Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
15
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated funds, which are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or as implied by law. When the charity receives a donation the use of which is restricted to the acquisition of a fixed asset and where the donor intends that the asset should continue to be used by the charity that fund will remain a restricted fund. Depreciation on the asset will be charged against that fund.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There are no significant implications of financial instruments to the charity's position.
## **5 Net surplus before tax in the financial year**
|The net surplus before tax in the financial year is stated after charging:-
Depreciation of fixed assets
Pension costs|**2025**
**£**
15,803
1,961|**2024**
**£**
15,676
3,705|
|---|---|---|
16
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
|**6**
**Interest payable**
Bank interest payable
**7**
**Staff costs and emoluments**
**_Salary costs_**
Gross Salaries
Employer's National Insurance
Employer's operating costs of defined contribution pension schemes
**Total salaries, wages and related costs**
**_Average number of staff_**
The average number of staff employed in the year was|**2025**
**£**
-
**2025**
**£**
137,199
6,170
1,961
**145,330**
**2025**
7|**2024**
**£**
-
**2024**
**£**
176,099
7,963
3,705
**187,767**
**2024**
7|
|---|---|---|
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
The charity considers its key management personnel to comprise the trustees and the nursery manager. The total employment benefits including employer’s National Insurance and pension contributions of key management personnel for the year to 31 August 2025 were £30,277.
## **8 Defined benefit pension scheme**
The charity does not operate a defined benefit pension scheme.
## **9 Remuneration and payments to Trustees and persons connected with them**
Neither the trustees nor any persons connected with them have received any remuneration or any benefits from the charity or any related entity, either in the current or prior year.
17
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **10 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 September 2024
Additions
**At 31 August 2025**
**Depreciation**
At 1 September 2024
Charge for the year
**At 31 August 2025**
**Net book value**
**At 31 August 2025**
At 31 August 2024
**_Prior Year_**
**Cost**
At 1 September 2023
Additions
**31 August 2024**
**Depreciation**
At 1 September 2023
Charge for the year
**31 August 2024**
**Net book value**
**At 31 August 2024**
At 31 August 2023|**Leasehold**
**Improvements**
£
177,652
-
**177,652**
135,243
10,754
**145,997**
**31,655**
42,409
**Leasehold**
**Improvements**
£
176,642
1,010
**177,652**
124,546
10,697
**135,243**
**42,409**
52,096|
**Non IT**
**Equipment**
£
50,335
-
**50,335**
40,645
4,974
**45,619**
**4,716**
9,690
**Non IT**
**Equipment**
£
50,055
280
**50,335**
35,741
4,904
**40,645**
**9,690**
14,314|
**IT Equipment**
£
5,127
-
**5,127**
4,926
75
**5,001**
**126**
201
**IT Equipment**
£
5,012
115
**5,127**
4,851
75
**4,926**
**201**
161|**Total**
£
233,114
-
**233,114**
180,814
15,803
**196,617**
**36,497**
52,300
**Total**
£
231,709
1,405
**233,114**
165,138
15,676
**180,814**
**52,300**
66,571|
|---|---|---|---|---|
18
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **11 Investment pooling schemes and arrangements**
There are no investment pooling schemes opertating within the charity.
|**12 Debtors**
Trade debtors
Other debtors
**13 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deposits received and deferred income
PAYE and pension contributions payable|**2025**
**£**
14,701
7,194
**21,895**
**2025**
**£**
1,140
2,112
11,544
1,752
**16,548**|**2024**
**£**
4,516
6,412
**10,928**
**2024**
**£**
2,356
2,112
4,900
6,681
**16,049**|
|---|---|---|
## **14 Loans to trustees included in debtors**
There are no loans to trustees included in debtors.
## **15 Guarantees made by the charity on behalf of trustees**
There are no guarantees made by the charity on behalf of trustees.
19
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **16 Income and Expenditure account summary**
|**Income and Expenditure account summary**
**At 1 September 2024**
Surplus after tax for the year
**At 31 August 2025**|**2025**
**£**
192,848
(48,806)
**144,042**|**2024**
**£**
164,537
28,311
**192,848**|
|---|---|---|
## **17 No related party transactions**
There were no transactions with related parties in the year.
## **18 Change in total funds over the year analysed by individual funds**
|**_Unrestricted funds:-_**
Unrestricted Revenue Funds
**Total unrestricted funds**
**_Restricted funds:-_**
Minor restricted fund balances
Benevity Causes Donations
CIL Grant
**Total restricted funds**|**Funds brought**
**forward from 2024**
**£**
115,435
**115,435**
1,586
27,130
48,697
**77,413**|**Movement in**
**funds in 2025**
**See Note 19**
**£**
(42,422)
**(42,422)**
-
4,370
(10,754)
**(6,384)**|**£**
**-**
**-**
-
-
-
**-**
**Transfers**
**between funds in**
**2025**|**Funds carried**
**forward to 2026**
**£**
**73,013**
**73,013**
**1,586**
**31,500**
**37,943**
**71,029**|
|---|---|---|---|---|
Purpose of restricted funds
Benevity Causes Donations
CIL Grant
Construction of a garden play house.
Grant from London Borough of Camden Community Infrastructure Levies Monies for the refurbishment of kitchen and toilet areas.
20
## **Collingham Gardens Nursery**
## **Notes to the Accounts for the year ended 31 August 2025**
## **19 Analysis of movements in funds over the year**
|**_Unrestricted funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
Benevity Causes Donations|**Income**
**2025**
**£**
208,107
4,370
**212,477**|**Expenditure**
**2025**
**£**
(250,529)
(10,754)
**(261,283)**|**Other**
**Gains &**
**Losses**
**2025**
**£**
-
-
**-**|**Movement**
**in funds**
**2025**
**£**
**(42,422)**
**(6,384)**
**(48,806)**|
|---|---|---|---|---|
## **20 The purposes for which the funds as detailed in note 18 are held by the charity are:-**
_**Unrestricted funds:-**_ Unrestricted Revenue Funds The funds are held to meet the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
_**Restricted funds:-**_ Restricted Revenue Funds These funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
## **21 Ultimate controlling party**
The charity is under the control of its legal members.
21
## **Collingham Gardens Nursery**
## **Detailed analysis of income and expenditure for the year ended 31 August 2025 as required by the SORP 2015**
**----- Start of picture text -----**
22 Donations and Grants
Current year Current year Current year Prior Year
Unrestricted Restricted
Funds Funds Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Donations and gifts from individuals
Benevity donations - - - -
Other small donations 1,030 4,370 5,400 4,786
Total donations and gifts from individuals 1,030 4,370 5,400 4,786
Current year Current year Current year Prior Year
Unrestricted Restricted
Funds Funds Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Grants received
Grant income
75,598 - 75,598 125,953
Total Grants received 75,598 - 75,598 125,953
23 Income from charitable activities - Trading Activities
Current year Current year Current year Current year Prior Year
Unrestricted Restricted
Funds Funds Total Funds Total funds
2025 2025 2025 2024
£ £ £ £
Income from charitable trading
Nursery fees 130,604 - 130,604 160,255
Nursery hire - - - -
Total Income from charitable trading A2 130,604 - 130,604 160,255
24 Investment income
Current year Current year Current year Prior Year
Unrestricted Restricted
Funds Funds Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Interest income 875 - 875 1,068
Total investment income A4 875 - 875 1,068
**----- End of picture text -----**
22
## **Collingham Gardens Nursery**
**Detailed analysis of income and expenditure for the year ended 31 August 2025 as required by the SORP 2015**
## **25 Expenditure on charitable activities - Direct spending**
|**_Current Year_**
**Total Direct spending**
**B2a**
Health and safety care
Toys, equipment and resources
Agency staff
Pension costs
Other staff costs
Employers' NI - Charitable activities
Gross wages and salaries
Food and catering
Other direct nursery costs|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
137,199
6,170
1,961
28,110
315
6,504
1,043
816
-
**182,118**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
-
-
-
-
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
137,199
6,170
1,961
28,110
315
6,504
1,043
816
-
**182,118**|**Prior Year**
**Total Funds**
**2024**
**£**
176,099
7,963
3,705
3,112
627
6,727
1,080
29
543
**199,885**|
|---|---|---|---|---|
- **26 Support costs for charitable activities**
|**_Current Year_**
**_Employee costs not included in direct costs_**
**_Premises Expenses_**
**_Administrative overheads_**
**_Professional fees_**
**_Financial costs_**
**Total support costs - Current Year B2b**
HR and related services
Sundry expenses
Staff training
Depreciation
Bank interest payable
Advertising and marketing
Security alarm rental and maintenance
Bank charges
Other legal and professional fees
Payroll fees
Equipment rental
Subscriptions
Computer and internet costs
Other staff costs
Travel and subsistence - staff
Stationery, postage and office supplies
General maintenance
Rates
Electricity
Property and public liability insurance
Rent
Telephone
Accountancy fees
Recruitment fees
Cleaning and waste disposal|**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2025**
**2025**
**£**
**£**
1,922
-
682
-
414
-
1,875
-
4,967
-
12,522
-
1,006
-
2,161
-
16,100
-
2,543
-
936
-
148
-
546
-
984
-
791
-
24
-
1,886
-
1,885
-
1,129
-
1,409
-
7,095
-
117
-
108
-
5,049
10,754
-
-
**66,299**
**10,754**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2025**
**2024**
**£**
**£**
1,922
1,688
682
195
414
329
1,875
1,847
4,967
5,686
12,522
12,955
1,006
1,039
2,161
7,614
16,100
-
2,543
2,790
936
795
148
58
546
301
984
401
791
-
24
177
1,886
-
1,885
1,309
1,129
485
1,409
379
7,095
7,051
117
374
108
77
15,803
15,676
-
**-**
**77,053**
**61,754**|
|---|---|---|
23
## **Collingham Gardens Nursery**
## **Detailed analysis of income and expenditure for the year ended 31 August 2025 as required by the SORP 2015**
|**27**
**Other Expenditure - Governance costs**
**_Current Year_**
Reporting Accountant fees
**Total Governance costs**
**B2c**
All the expenditure in the prior year was unrestricted.
**28**
**Total Charitable expenditure**
**_Current Year_**
Total Direct spending
**B2a**
Total Support costs
**B2b**
Total Governance costs
**B2c**
**Total charitable expenditure**
**B2**
**_Prior Year_**
Total Direct spending
**B2a**
Total Support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
2,112
**2,112**
**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
182,118
66,299
2,112
**250,529**
**Prior Year**
**Unrestricted**
**Funds**
**2024**
**£**
199,885
51,057
2,112
**253,054**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
10,754
-
**10,754**
**Prior Year**
**Restricted**
**Funds**
**2024**
**£**
-
10,697
-
**10,697**|**Current year**
**Total Funds**
**2025**
**£**
2,112
**2,112**
**Current year**
**Total Funds**
**2025**
**£**
182,118
77,053
2,112
**261,283**
**Prior Year**
**Total Funds**
**2024**
**£**
199,885
61,754
2,112
**263,751**|**Prior Year**
**Total Funds**
**2024**
**£**
2,112
**2,112**
**Prior Year**
**Total Funds**
**2024**
**£**
199,885
61,754
2,112
**263,751**|
|---|---|---|---|---|
||||||
24