THE BRAMBLES NURSERY & CHILDRENS CENTRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2(K16, present their report with the financial statements of the charity for the year ended 31 si August 2024. The trustees have adopted the provisions of A¢¢ounling and Reporting by Charilies.. Statement of Recomrnended Praciice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January ?019). OWECTIVES AND ACTIVITIES Objectives and aims The objective of the charity is to provide good quality wrap around child care for ages 3 months to I l years in the St Just area. The charity operates the Brdmbles Nursery and Children's Centre opening from 8am to 4.30 pm on most days subject to demand. The average session size is about 45 children. ACHIEVEMENT AND PERFORMANCE CharTrtable aclivilies September 2023 staned a busy period with many De. childffn enrolling and existing childn increasing their hours. We also began a waiting list for children - with parents adding children who have yet to be born. This list grew as the year went on. The roof was completely replaced due to leaks within the building which the setting paid for from their building reserves fund. The insurance premiums for this period w'ere also higher because of the State of the previous roof. The office was enlarged to provide mor¢ room for the office Staff and to enable practitioners to have a designated space for papenvork. The preschool children perfonned at The Minack theatre twice during the vear. Once enacting out A Midsummers night's dream and then as part of a project called 'Little Sing, where they joined 4 other schools perfonning lo their parents singing iheir own song as well as part of several group songs. Several outside companies came in to complete workshops with the children and the preschool children siarted weekly Spanish lessons. A book library was started after the manager attended a conference b&sed around youns children and babies not reading books and being more interesled in electronic devises. Some money was given to initiate this and Brambles then added to ihis. The iniliative ha5 been well received and some fabulous comments given by parents and grdndparents around the scheme. It is now open every day and many children take part. Two apprentices were enrolled through The Bramble5, unfortunately one left after a tem due to personal 8$on$ but the other is due to finish her apprenticeship shortly. Funding was secured from the Government to extended the setting lo include a purpose-built baby room. Additional funding will need to be sourced lo enable this io be completed this slep has been taken. Several fund raising opportunities are undertaken throughout ihe year to enable the rooms lo purchase additional equipment and resources. FINANCIAL REVIEW Reserves poliey The trustees hold reserves sufficient to fund fuwre large-5cale maintenance of ihe property, which is owned, and to guard against changes in the government funding regimes. It also allows flexibility in cases of hardship and the smoothing of short-tern] cost fluctuations. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The chariry is controlled by its governing docum¢nL a deed of ts( and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment ofnew trustees New trusiees are appointed by a process of active engagemenl with the staff and parents together with direct approach to individuals we think could ofrer expertise or ¢KrienCe in the governance of the nursery. Page I
THE BRAMBLES NURSERY & CHILDRENS CENTRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Comp8n)' number 069?5627 (England and Wales) Registered Charity number 1135817 Registered office The Old School The Siennack St Ives Cornwall TR26 IQU Trustees S R Ti¢ken S M R Russell C S Denley F M Tucker E Davies Company Secretary Mrs S R Tieken Independent Examiner Mr P Broiheridge Greenwood Wilson The Old SchiM)I The Stennack Si Ives Cornwall TR26 1 QU Approved by order of the board of trustees on ............ .......... and signed on its behalf by.. C S Denley - Tnjstee Page 2
REGISTERED CO,MPANY I%UIVIBER: 06925627 {England and Wales) REGISTERED CHARITY NUMBER: 1135817 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUCUST 2024 FOR THE BRAMBI.ES NURSER Y & CHILDRENS CEINTRE LTD GreenwiM)d Wilson .The Old School The Stennack St Ives Comwall TR26 IQU
THE BRAMBLES NURSERY & CHILDRENS CENTRE LTD COP¥TEYTS OF THE FINAINCIAL STATEIIENTS FOR THE YEAR ENDED 31 ALGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Finaneial Activities 12
THE BRAIMBLES IYURSER Y & CHILDRLNS CENTRE LTD REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Tlie Iruslees who are also directors of ihe charity for tlie purposes of tlie Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Cliarities.- Stateinent of Recommended Practice applicable to cliarities prepariiig their accounts in accordance with the Financial Rewning Sthndard applicable in the UK and Rcpublic of Ircland (FRS 102) {etTeclive l January 2019). OBJECTIVES AND AcfiviTIES Objectives and aims The objective of the charity is to provide good quality wrap around Child eare for ages 3 months to I l years in the St Just area. The eharity operates the Brambles Nursery and Children's Centre opening from 8am to 4.30 pm on niost days subject to demand. The average se&sion size is aboui 45 children. ACHIEVEMENT AND PERFORMANCE Charitable activities Septeinber 2023 started a busy pcriod with many new children enrolling and existing children increasing their liours. We also began a waiting list for children with parents addino children who have yet to be born. This list grew as the year went on. The raof was completely replaced due to leaks within the building which the setting paid for from their building reserves fund. The insurance prcniiums for this period were also higlier because of Ihc state of tlie previous roof. The office was enlarged to provide morc room for the office staff and to enable practitioners to have a designated space for paperwork. The preschool children perfomied at The Minack theatre twice during the year. Once enacting oui A Midsumnicrs night's dream and then as part of a project called 'Little Sing, where they joined 4 other schools peifonning to their parents .%inging Iheir own sona as well as part of several group songs. Several outside companies came in to complete workshops with the children and the preschool children started weekly Spanish lessons. A book library was started after the manager attended a conference based around young children and babies not reading books and being more interested in clectronic devices. Some money was given to initiate this and Brambles then added lo this. The irkitiaiive has been well received and some fabulous comnients given by parents and grandparents around tlie scheme. It is now open every day and many children take patt Two apprentices were enrolled through The Brambles. unfortunately one lefi after a temi due to personal reasons but the other is due to finish her apprenticeship bhortly. Funding was secured from the Government to extended thc setting to include a purpose-built baby room. Additional nding will need to be sourced lo enable tliis lo be comple(ed this step has been taken. Several fund raising opportunities are undenaken ihroughout the year to enable the rooms to purchase additional equipment and resources. F1Tr4ANCIAL REVIEW Reserves polic). The trustees hold reserves sufficient fund future larqe scale maintenance of the property, which is owne(l and to guard againsi changes in the government fijnding regimes. It also allows flexibility in cases of hardship and the smoothing of short *m] cost fluctuations. STRUCTURE, GovENANcE AND AGE.lENT Governin2 document -rhc charity is controlled by its governing documen( a deed of tn( and constitutes a limited company, lirnitd by guarantee, as defined by the Companies Acl 2006. Rccruitment and appointment of nem. trustees New trusiees are appointcd by a process of active engagernenl with the stsff and parents together with direct approach to individuals we think could offer expertise or experience in the governance of the nursery. Page I
THE BRA.MBLES N'URSERY & CHILDRENS CENTRF. LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 REFERENCE AND AD.MTNISTRATtVE DETAILS Registered Company number 06925627 (England and Wales) Registered Charity number 1135817 Registered office The Old School The Siennack St Ives Coinwall TR26 IQU Trustees S R Tieken S M R Russell C S Denley F M Tucker E Davies Company Secretary Mrs S R Tieken Independent Examiner Mr P Broil)eiidge Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 IQU Approved by order of the board of trSteeS on 22 May 2025 and signed on its behalf by.. c£. C S Denley - TNstee Page 2
INDEPENDENT EIllI.ER,S REPORT TO THE. TRUSTEES OF THE BRAMBLES I)URSERY & CHILDREIIS CEpifRF. LTD Independent examiner's report to the trustees of The Brambles Nursery & Childrens Centre Ltd ('the Company,) I report to the charity trustees on my examlnation of the accounts of the CoTnpany for the year ended 31 August 2024. Responsibilities and basis of report As the charity's misiees of the Compaiiy (and also its dircctors for the PUTPOSCS of company law) you are respoiisiblc for the preparation ofthe accounts- itt accordance with the requirements of the Companies Act 2006 {'tl)e ?006 Aci,). Having satisfied myself that the accounts of the Company arc not required lo be audiled under Pari 16 of t]ie 2006 Act and are eligible tor independent examination, I rewrt in respect of my examination of your charity s accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followcd the Directions given by the Charity Commission under Section 145(510)) of tlie 2011 ACL Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listd body. I can confirrn that l am qualified to undertake the examination because l am a member of the Association of Cliartered Certified Accountants, which is onc of the listed bodies. I have completed my examination. I confirm that no Matte have come to my attention in connection with the examination giving me cause to believe- accounting re¢ords were not kept in respect of the Company required by Seetion 386 of the 2006 Acl. or the aceounl% do not accoid with d)ose records; or the accounts do not comply with the accounting requirements of Scction 396 of the 2006 Act othei. than any requirement that the accounls give a true and fair view wliich is not a matter considered as part of an independent examination. or Ihc accounis have not becn prepared in accordance with the inethods and principles of Ilie Statemeni of Recommended Prac(ice lor accouniing and reporting by charities {applicable to ch11]eS preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conccms and have come across no other ma(ters in Co[e¢ll0n with the examination to which attention should be drawn in this report in older to enable a proper understanding of the accounts to be re2cI)ed. Mr P Brotheridge The Association of Chartered Certified Accountants Greenwood Wilson The Old School The Stennack St Lves Comivall TR26 IQU 22 May 2025 Page 3
THE BRAMBLES NUILSF.RY & CHII.DRENS CENTRE LTD STATEINIEf4T OF FLYLNCL4L ACTWITIES FOR THE YEAR EJDED 31 ALIGUST 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDowMF.TS FROM Donations and legacies 5,241 10,325 Charitable activities Nursey fee incom¢ 347.887 278.522 Other trading activities Investment income 2,339 2,698 2,095 857 Total 358,165 291,799 EXPENDITURE ON Charitable activities Cost ol'providing faciliiies in furthetance of charity's objectives 344,433 265.248 NET INCOME 13,732 26.551 RECONCILIATION OF FUNDS Total tunds brouuht fotward 590,694 564,143 TOT.4L FUNDS CARRIED FORWARD 604.426 590,694 The notes fonn part of these financial sments Page 4
THE BRA,MBLES NURSERY & CHILDRENS CENTRE LTD BALANCE SHEET 31 AUGUST 2024 2024 Unrestricted fid 2023 Total tunds Notes FIXED ASSETS Tangible assets 10 401,645 403,471 CURRENT ASSETS Debtors Cash at bank and in hand 17,821 190,707 16,119 177,317 208,528 193,436 CREDITORS Amounts fallino due within one year 12 {5.747) {6,213) I ET CURRENT ASSETS 202,781 187,223 TOT AL ASSETS LESS CURRENT LIABILITIES 604,426 590,694 NET ASSETS 604.426 590.694 FUIYDS Unrestricted fijnds 13 604,426 590,694 TOTAL FUNDS 604,426 590,694 The charitable company is entitled to exemption from audit under Section 477 of the Companies Aci 2006 for the year ended 31 August 2024. Thc members Iiaiwe no¢ required the company to obtain an audit ol its financial statements for t]ie year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thai the charitsble company kceps accounting records thai comply with Sections 386 and 387 of the Con)panies Act 2006 and preparing financial staiements which give a twe and fair view of the state of affairs of the charitsble company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wit]i tlie requirements of Sections 394 and 395 and which othenvise comply wlth the requiremellts of the Coinpanies Act 2006 relalin(r lo financial stalemenLs, so far as applicable Lo the chari(able company. {b) These financial statements have been prepared in accordanec with the provisions applicable to charitable companies subject lo Ilie small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2025 and were signed on its behalf by.. C S Denley - Trustee The notes fomi part of these financial statements Page 5
THE BRAMBLES NUERy & CHII.DRENS CENTRE LTD NOTES TO THE FINANCIAL STATEMETr4TS FOR THE YEAR EI%DED 31 ALIGUST 2024 ACCOUL)TING POLICIES Basis of preparing the financial statements The fiiiaiicial siatcments of the charitable company, which is a public benefit entity under FRS 102, h2vc been prepared in accordance wtih 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 Rcporting Standard applicable in the UK and Republic of Ircland {FRS 10?) (effcctive l January 2019),. Financial Reporting Standard 102 The Financial Reporting Slandard applicable in tlie UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historiLal cost convention. Income All inLome is recognised in the SLqtemeni of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be Mured reliably. E¥penditure Liabilities are recognt5ed as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in seltlement and the amount of the obligation can be measured reliably. Expenditure is accouiited for on an accruals basis and has been classitied under headings ihai aggregate all cost related to the category. Where cosLs cannot be directly attributed to particular headings they have been allocated to aciivities on a basis consisnt with the use of resources. Tangible fiyed assets Depreciation is provided at the followtng annual rates in order to write off each assei over its estimated usefijl life. Plant and machinery IOO/o on reducing balance Taxation The chariry is exempt from Corporation tax on its charitable activities. Fund 2ccountino Unrestricted fiinds can be used in accordance with the charitable objectives at the discretion of the tnttes. Restricted funds cim onlv be used for panicular restricted purposes within the objects of the charity. Restrictions 4Lrise wlien specified by the donor or when ftmds are raised for particular restricted purEK)ses. Further explanation of the nature and purpose of each fund is included in the noÉes to the financial ststements. Pension costs and other post-retirement benefits Thc Charlb]e company operates a defined contribuuon pension scheme. Contributions payable to the charitable conipany's pension scheme are charged to the Statement of Financial Activities in the period to wl)ich they relate. Page 6 contlnued...
THE BRAMBLES NURSERY & CHILDRENS CENTRE LTD NOTES TO THE FI.NLYClAL STATEMEfiTS- continued FOR THE YEAR ENDED 31 .4UGUST 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants 5,141 100 10.325 5,241 10,325 Grants received, included in the above. are as follows.. 2024 2023 Other grants OTHER TIi4DING A(TtVlTIES 2024 2023 Fundraisintr ¢v¢nts 2,339 2,095 INvESTmET IYCOME 2024 2023 Deposil accoutkt interest 2.698 857 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Nursey fee income Nursery fees - Parents Nursery fees- Cornwall Council 119,944 121,634 Nursey fee income 227,943 156,888 347,887 278,522 NET INCOMEI(EXPENDITURE) Net InconiellexnditUre) is stated after chargingl(crediiing)'. 2024 2023 Depreciation - owned assets 1,826 2,029 Page 7 continued...
THE BRAMBLES NURSF.RY & CHILDRENS CENTRE LTD NOTES TO THE FINLYCIAL sTATEIETs - continued FOR THE YEAR E)DED 31 .4UGUST 2024 TRUSTEES, RENI tUNERATION AND BENEFITS There werc no Intees, remuneration or othcr benefits for the year ended 31 Altgust 2024 nor for the ycar ended 31 August 2023. Trustees, expenses There were no 31 August 2023. tNstees' expenses paid for the year ended 31 August 2024 nor for the year ended STAFF COSTS The averdge monthly number of employees during the year was as follows.. 2024 18 2023 Nursery staff No employees received emoluments in excess of £60,000. COMPARATIVF.S FOR THF. STATEMENT OF FINANCIAL ACTtVlTIES Unrestricted fund INCOMF. AN D ENDOIVMENTS FROM Donations and Icgacies 10,325 Charitable activities 'ursey fee income 278,522 Otlier trading activities Investment income 2,095 857 Total 291,799 EXPENDITURE ON Charitable activities Cost of providing facilities in furtherance of charity's obje¢tives 265,248 NET INCOME 26,551 RF.CONL'CILIATION OF FUNDS Total fimds brought fonvard 564,143 TOTAL FLNDS CARRIED FORWARD 590,694 Page 8 continued...
THE BRAIMBLES NURSERY & CHILDRENS CENTRE LTD NOTES TO THE FILNANCL4L STATEMEI%TS- continued FOR THE YFAR ENDED 31 AUGUST 2024 10. TA]NGIBLE FIXED ASSETS Long leasehold Plant and machinery Totals COST At I September 2023 and 31 Augusi 2024 385,214 32,245 417,459 DEPRECIATION Ai I September 2023 Charge for year 13,988 1,826 13,988 1,826 At 31 August 2024 15,814 15,814 NET BOOK VALUE At 31 Auuust 2024 385,214 16,431 401,645 At 31 August 2023 385.214 18.257 403,471 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debiors Other debtors 17,732 89 15,738 381 17,821 16,119 12. CREDITORS: AMOUNTS FALI.ThG DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Accruals and deferred income 4.501 1.246 5,040 1.173 5.747 6,?13 13. MOVF.MEIYf IN FUNDS Nec movement in fimds At 3118124 At 119123 Unrestrieted funds General fund 590,694 13,732 604,426 TOTAL FUNDS 590,694 13,732 604,426 Page 9 eontinued...
THE BRAMBLES NURSER Y & CHII.DRENS CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EJDED 31 .4UGUST 2024 13. MOVEMENT IN FUNDS- continued Net movement in funds., included in the al)ove are as follows: Incoming resources Resources expended Movement in fvnd.% Unrestricted funds General nd 358,165 (344,433) 13.732 TOTAL FUNDS 358,165 (344,433) 13,732 Comparatives for movement in funds Nel movement in funds Ai 3118123 At 119122 Unrestricted funds General fund 564,143 26.551 590,694 TOTAL FUNDS 564.143 26.551 590,694 Comparaiive net movement in fijnds. included in the above are &s follows.. Incoming resources Resources expendcd Movement iii funds Unrestricted funds General fund 291,799 (265,248) 26,551 TOTAL FUNDS 291,799 (265,248) 26,551 A current year 12 months and prior year 12 months combined position is as follows.. Net niovemenl in funds Ai 3118124 At 119n2 Unrestrieted funds General fill)d 564,143 40.283 604,426 TOTAL FUNDS 564,143 40,283 604,426 Page 10 continued...
THE BRAMBLES NURSERY & CHII.DRENS CENTRE LTD NOTES TO THE FINNcI.L STATEMENTS- continued FOR THE YEAR E)DED 31 .4UGUST 2024 13. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expcnded Movement in ndS Unrestricted funds General fund 649,964 (609,6811 40.283 TOTAL FUNDS 649,964 {609,681) 40,283 14. RELATED PARTY DIScLOsLEs There were no related paty transactions for the year ended 31 August 2024. Page I
THE BRALMBLES NURSERY & CHILDRENS CENTRE LTD DETAILED STATEMENT OF FtNAIYCIAL ACTIVITIES FOR THE YEAR E.NDF.D 31 .4UGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gran 5,141 100 10.325 5.241 10.325 Other trading actiTrities Fundraising events 2.339 2.095 Investment income Deposit account intcrest 2,698 857 Charitable aetivities Nursery fees - Parents Niirscry fees- Cornwall Council 119,944 227,943 121,634 156,888 347,887 278,522 Total ineoming resources 358.165 291.799 EXPENDITURE Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone PostaLTre and stalionery Advertising Sundries Repairs and renewals Launthy and cleaning Training eosL Fundraising costs Food Accountancy Otsted costs Bad Debts Professional fces Plant and machiner). Bal charges and interest 234,621 8,251 3.816 1.277 5,879 5,421 1,294 228 540 729 62.224 527 2,980 1,814 6,456 1,246 220 1,672 3.281 1.826 131 203,355 4,497 3.003 1.260 3,451 4,299 1,207 631 520 192 23,978 3,784 2.312 2,485 6,731 220 15 2,029 118 344.433 265.248 Total resources expended 344.433 265,248 Net income 13,732 26,551 This page does not forni part of the ststutory financial statemcnts Page 12
DEPENDENT EXAIIIN'ER'S REPORT TO THE TRUSTEES OF THE BRAMBLES NURSERI, & cHILDREs CENTRE LTD Independent examiner's report to the trnstees of The Brambles liursery & Childrens Centre Ltd {'the Compan!,) I reEx)rt to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and b95is of report As the charity's trustecs of the Company (and also its directors for the puq)oses of company law) you are responsiblc for dic preparation of the accounts in accordance wilh the requirements of the Compani£s Au 2006 ('the 2006 Act,). Havinu satisfied Inyself that the accounts of the Company arc not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your cliarity's accounLs as CTled out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Dire¢tions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 youi examiner must be a member of a listed body. I can confim] tl)at l am qualified to undertake the examination because l ani a meniber of the Association of Cliartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confm that DO Matte have ¢ome to my attention in connection '1th the examination giving me cause to believe= accounting records were noi kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records. or the accounts do not comply with the accouniina requirements of Seciion 396 of the 2006 Act other than any requirement that the accounts give a trne and fair view which is not a matter considered as part of an independent examination- or Ihe accounts have noi been preparcd in accordance with the methods and principles of the Statement of Recommended Praciice lor accounting and reportino by charities (applicable charities preparing their accounts in aeLordanee with the FinanLial Reportino Stsndard applicable in the UK and Rq)ublic of Ireland (FRS 102)). I havc no concLms and havc come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understhnding ofthe accounts to be reaclied. Mr P Brotheridge The Association of Chartered Certified Accountants Greenwood Wilson Tlie Old Scliool Tlie Sicnnack St Iv¢s Cornwall TR26 IQU 22 May 2025 Page 3