REGISTERED CHARITY NUMBER: 1136138 COMPANY REGISTRATION: 07163298 BLYfHWOOD COMMUNITY NURSERY LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Iccountell ¥. CIMA Pra¢tt*hg C•rliffcot• Hower 44A Marfands Road. Clayhall, Greater London IGS OJL uned Kingdom 020 7613 3261 078 3782 8823 www.accountell.corn
BLHW0oD COMMUNITY NURSERY LIMITED CONTENTS OF THETRusfEESIIEPCIITPJJDFINANCIAL STATEMENTS FOR THEYEARENDED 31 MARCH 2024 Pa8e Report of the Trustees Independent ExamiDer'5 Report Statement of Trustees Responsibilities Statement of Financlal Artfvltles Balance Sheet Notes to the Financlal Ststements 10-12
8LYfHWOOD COMMUNITY NURSERY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also directors of the charity for the purposes of the Companies Act 2CKI6. present their report with the charity's financial statements of the charity for the year ended 31 March 2024. The accounts have been prepared in accordance with the '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 (FR5 1021 leffective l January 20191. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name 81ythwood Community Nursery Limited Charity registration number 1136138 Company registration number 07163298 Registered Offlce and operntional address Brickworks 42 Crouch Hill. Islington London N4 4BY Trustee5lDirectors Board of Trustees are Directors of the Company for the purposes of the Companies Act 2011 and Trustee5 for the purposes of the Charities Act 2011. The following served as Directors during the year. Orville Gayle R0551yn Annan Ramona La-Rose Emine Robertson 8ankina Muteba Secretary Rosslyn Annan Nursery Manager Marcia Emmanuel Independent Examlner Zahid Tabbassum. ACMA CGMA Accountell Limited 44A Marlands Road, Clayhall. Redbridge, Essex, IGS OJL Bankers HSBC Bank 312 Seven Sisters Road London N4 2AW Page I
BLYfHWOOD COMMUNITY NURSERY UMITED Trustees, Annual Report Blythwood Community Nursery Limited (The Nursery), is located on the border of Islington and Haringey in the Crouch Hill area. The Nursery seryes many families living on the council's housing estates. The Nursery continues to operate full-time for 48 weeks a year, from Monday to Friday. The opening hours will remain 8.00 am to 6.00 pm to accommodate parent5 who are working full time. The Nursery has children from different social classes and multicultural backgrounds. Hanley Crouch Community Association IHCCAI hold the lease of the building and rent out space to the Nursery. Other community organisations also operate from the premises on which the Nursery operates. Achievements During this report, we provided support to 56 families149 families in the previous year), of which 16 children were 2 year5 old, 40 children were 34 years old, including 3 children with special needs. For the reporting period, there has been an increase of 12.5% in our occupancy. However, the high cost of living has impacted many families. This has resulted in some families reducing childcare hour5, and some families provide care at home a5 they either have flexible working arrangements or are not at work. Many parents who enquire about a nursery place often say that affordability is an issue as living costs increase. Graduation Ceremony-The graduation ceremony was held on IS July 2023, where we had 16 rhildren and their families celebratin8 their moving on to the reception. The event wa5 held at the Brickworks Centre. The trustees, the local MP, and the children's family members attended the event. The event succeeded likè the previous year,. the local MP, Jeremy Corbyn. spoke to the family and the Nursery chair. The event ended with light refreshments. Guest speakers handed out awards and certificates to the children. Christmas Event with the Famllies- this was held on 13 December 2023 and attended by the families/carers, trustees, and other local community members. An essential event for the nursery is to thank families and local community members for their support. Christmas Celebration Event- Held on 20 December 2023 for children, families and carers attended. It was a valuable event for parents/carers to get to know each other. Food wa5 shared, and gifts were exchanged. A good community tohesion event enjoyed by all those who attended. Parentslcarers could talk to staff and those trustees who attended the event. Local Police and a Judge Vi51ting the Nur5ery- In line with our teaching toplc of 'People Who Help Us,. we invited the local police to come into the setting and introduce themselves to the children. The theme was safety and knowing what to do in an emergency and not to talk to strangers. It was an informal session by the police officers- children felt at ease and asked many questions. A Judge also V151ted the nursery and held a session with the children. She allowed children to wear her Wig and Robe. She talked about her role at the court and what happen5 to people who commit crimes. Her message also focused on the safety and safeguarding of children. Page 2
BLYfHWOOD COMMUNITY NURSERY LIMITED The nursery continues to support some vulnerable families by signposting them to different activities, and Bright start supports others. Despite the ill health of the Nursery Manager, she tontinued to signpost families to the different food banks and other 5UPPOrt hvbs in the local areas. She also transport5 food packages to local families who cannot collert food due to lack of transport or risks to their health. The Nursery continues to work with other professionals in Islington and Haringey to ensure children are accessing the 2 and 314-year-old free places and other activities in the local community. Supportlng SEN Children- The Nursery supported 3 Special Education Needs children during the reporting year. The nursery works c105ely with the families and the local authority to support these families in getting their children fully diagnosed and getting the statement. This has helped the families to access financial and physical support within the family environment. The SENCO also gained an Education Health and Care Plan IEHCPI order, allowing the children to go into reception with a full support package. Staff Training All staff attended the following training: Every Child Is a Talker {ECAT)- 21122 December 2024 (two days) First Aid refresher and update - 14 Marr.h 2n24 Work-based training- Completed with the nursery's link support teacher Sarah Tamoum. This included outdoor play, creating a positwe environment, working with children with special needs, speech and language sessions. First Aid, child protection as well a5 SUPPOrting multilingual families Safezuarding training- with Early Years Safeguarding Officer- 23 july 2023 Trustees also attended the training session. New Staff The nursery welcomes two new staff joined as Early Year5 Practitioners.. l. Elizabeth Traore-Andony- September 2023. Rosa Zorrila - November 2023 Staff Left Dagbele Lando left the nursery in September 2023, to develop her career in the Early Year Sector. The nursery wishes well for her future. Safeguardlng Safeguarding children is paramount to the nursery's operation, and all staff and trustees must keep up with any new information legislation relating to safeguarding. The Board of Trustees have also reviewed its Safeguarding Policy to ensure it is up to date. The Nursery is also pleased to port that there were no incidents to report during the period of this report. All Trustee5 have updated safeguarding and child protection training. Page 3
BLYfHWOOD COMMUNITY NURSERY LIMITED Risks Management There were no major incidents to report for the period. The Trustees have a duty to identify and review the risks to which the Nursery Is exposed, particularly those related to the operations and finances of the Nursery. The Trustees also have to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Nursery has procedures in place to ensure it complies with the health and safety of staff. children, volunteers, and visltors to thè centre. The Trustees confirm that they have established system5 to mitigate the significant risks. These procedures are periodically reviewed to ensure that they continue to meet the needs of the Nursery. Future Plan To work to improve the nurserfs occupancy by working with the local community. Offer care for younger children, which will help with sustainability and occupancy levels. Work closely with other agencies in the adjoining borough. Encourage staff to further their professional development. Provide more extra curriculum activities for the children i.e. yoga, swimming, sport5, etc Continue providin8 excellent childcare and education for the con)Inuiiity. To maintain the nursery's good and above judgment rating with OFSTED Collaborate closely with the Brightstart East Team, Early Years Team, and other departments of the local authority that 5UPPOrt early years education. Flnanclal Revlew and Reserve Policy The total combined income for the Nursery was £203,0301£213,837 in the previous yearl; this is £10,80715.32%1 less than the previous year. The Nursery is now gradually regaining it5 lost income. The total expenditure was £233,1101£191,890 in the previous yearl, thus providing a deficit of £30,080. The main increase is expenses was in staffing costs due to salary increases and additional staff support required due to the managerfs sickne55. The Nursery also collaborates with other service providers In the buildin& supporting the increase in the Nursery's occupancy. Unrestricted funds are needed to cover staff costs and those of administration and support, without which the Charity could not operate. Income is often lower during the autumn term due to the start of the new school term year, and it rises during the spring and summer term to its highest level. The nursery now has more special needs children, for which the costs of providing care are greater in providing tare. The nursery now has more special needs children, for which the costs are greater in providing ca. This impact5 the Nurserf5 finances as staff adult ratio costs higher in supporting children with additional needs, but we are pleased that we can provide care for these children. Page 4
BLYfHWOOD COMMUNITY NURSERY LIMITED The Board of Trustees considers it prudent that unrestricted funds should be sufficient to cover three to six months, administration and support Costs. Thi5 level will ensure the Nursery has adequate re59urces to cover it5 Outgoings while income is at it5 lowest level during the autumn term. Approved by the Board of Trustees on and 51gned on fts behalf by: Emine Robertson DirectorlTrustee Date.. 23 July 2024 Page 5
BLHW0oD COMMUNITY NURSERY LIMITED INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF BLHW0oD COMMUNITY NURSERY LIMITED I report on the accounts for the year ended 31 March 2024 set out on pages eight to twelve. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year lunder Section 144121 of t h e Charities Act 2011 Ithe 2011 Actll and that an independent examination is required. It is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commi55ion lunder section 145151 Ibl of the 2011 Act),. and to state whether particular matters have come to my attention. Basis of the Independent examiner's report My examination was carried out in accordance with the General Direction5 given by the Charitv Commission. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from 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 statements below. Independent examiner's statement In connection with my examination. no mètter has come to my attention.. {11 which gives me reasonable cause to believe that in any material respect the requirement5'. to keep accountin8 record5 in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or {21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Zahid Tabbassum ACMA, CGMA Accountell Limited Chartered Management Accountant5 44A Marlands Road Clayhall, Greater London IG50JL 23 July 2024 Pa8e 6
BLYfHWOOD COMMUNITY NURSERY LIMITED STATEMENTS OF TRU5TEES' RESPONSIBILITIES AS AT 31 MARCH 2024 The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in England and Wales requires the charity trustee5 to prepare financial statement5 for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. For preparing the financial statements, the trustees are required to.. Select suitable accounting policies and then apply them con5iStently,' Observe the method and principles in the Charities SORP- Make judgements and estimates that are reasonable and prudent- State whether applicable accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial 5tatementS,' Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. Tlie trustees are respoi)sible for keepii)g propel accouriliiig records ilial disclose witli reasonable aLLuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity Act, the Charity (Accounts and Reportsl Regulation5 and the provisions of the trust deed. They are responsible for safeguarding the a55ets of the charity and hence taking reasonable steps ftsr the prevention and detection of fraud and other irregularities. The financial statements were approved by the Board of Tru"tees and iverc Jigned on its behalf by.. Emine Robertson TrusteelDirector 23 July 2024 Page 7
BLYfHWOOD COMMUNITY NURSERY UMITED STATEME OF FINANCIAL AcnvrriES FOR THE YEAR ENDED JI MARCH 2024 Note UDrestrirted Re51rirted 2024 Total 2023 INCOMING RESOURCES Incoming resources from generated funds Voluntsry incorne Artlvities for genÈrafjnKftJnds 127,707 75,323 127,707 75,323 127,163 86,674 Total Incomlng resour$ 203,030 Z03,030 213.837 RESOURCES EXPENDED Costs of 8eneratln8 funds Support costs Staff CD5t5 Governance costs 57,114 170,251 5.745 57.114 170.251 5,745 60.086 127,643 4,161 Total resources expended 233,110 233,110 191,8YO NET INcOMINGIICT60lN6Tr RESOUR 130,0801 130.0801 Zl,947 RECONaLIATION OF FUNOS Trtal fund5 brought fOard 85,470 8S.470 63,523 TOTAL FUNDS CARRIEtI FORWARO SS,390 55.390 85,470 The notes form part of these financial statements Page 8
BLYTHWOOD COMMUNITY NURSERY LIMITED BALANCE SNEÉT AS AT31 MARCH 2024 2023 Note FIXED ASSETS Tangible fixed assets CURRENT ASSETS Debtors Cash bank and in hand 5B,69Z 88.271 $8,692 88,271 LIA8ILmES Creditors.. amounts falllng due wlthln one year 2,801 NET OJRRENT ASSETS S5,YJO 85.470 TIThALA55Ef5 LE55 CURRENT UABILITIES 55,390 115.47U NET ASSET5 55.390 85.470 FUNDS Unrestrlcted funds General funds 55,390 85.470 Restrlcted funds TOTAL FUNDS 55,390 85,470 Fortheyear endini 3V0312024 the company was entitled to exemptyom undersertion 477 of the Companies Act 2006 relan to small companles. The members have not required the company to obtsin an audit in accordance with section 476 of the Companles Act 2Tr)6. The directors acknowled8e their responsibilitie5 for complylng wSth the requlrements of the Act with re5ped to accounting records and the preparation of atcounts. These accounts have been prepared in acEordance with the prDvislons applicalAe to companle5 subject to the small companies re8ltnE. Approved by the Board olTrustqes on 1110712024and slgned thelr behalf by Emlne Robertson TrLStee/Director Page 9
BLYfHWOOD COMMUNITY NURSERY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Accounting conventio The financial statemènts have been prepared under the historical cost convention, and in accordance with t he requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities ISORP 20191 and applicable UK Generally Accepted Accounting Practice. Incomlng resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be dirertly attributed to particular headings they have been allotated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from income taxes on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion ot the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes Further explanation of the nature and purpose of each fund is included in the notes to the financial statement5. 2. TRUSTEES, REMUNERATION ANDBENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024. Page 10
BLYfHWQOLI COMMUNITY NURSERY UMThED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Re5trlcted 2024 Total 2023 Total INCOMING RESOURCES IncominR resources from 8efiwated funds Voluntory Income LBI Grant Aid Payment LBI MEG LBI 2 Year Old NEG LBI Training LBI Early Years Other under£500 4,955 75,516 44,665 2,57L 4,955 75,516 44,665 2,571 4.401 91,731 30.921 iio 127.163 127.707 127,707 ArtivltlesAorqenerGtlngAunds Fee Income Incorne from Fundrai51n8 Other Income IHMftC JRS Grant) Interest Income 74,657 74,657 86,499 666 75.323 666 175 86.674 7S.323 Total incoming resoyrces 203.030 203,030 213.837 RESOLIRCES EXPENDED Sypport f05ts ALfvertlsin8 Agency staff & casual wa8e5 Canteen & rÈfre5hment Children events c05t5 Cleaning Consultancy fee Learning materials & nursery TesouTre5 Postage. prinitytTrg, 5tstionery & supplies Rent Premises expenses Repairs & malnten8nre Subscription Sundry eMpen5es Telephone Tralnin8 ¢05t5 ank rharEe5 Depreciation 504 3,088 9.465 299 94 i.lso 2.765 4.754 24.936 504 3.088 9.465 295 504 3,120 10.828 1.279 1.150 2.765 4,754 24,936 2,050 9,204 1.420 22,683 1,933 850 2,858 130 1,939 1,345 77 850 2,858 130 1.939 1.328 367 1,795 1,469 57.114 S7,114 60,086 Stuff costs Salaries and wages Social security cost5 Employerfs contribution to pension 159,385 6.469 4,397 170,251 159,385 122,166 2.619 2,858 127.643 4,397 170,251 io Avero9e rtumberofstoff employed Govtrnvnce costs Accountèncy and Independent examlner fee Book-keeplng & ¥rOll 1,030 4,716 5,745 1,030 4,716 5,745 3,321 4.161 T*)tal 5TreS expended 233,110 233,110 191.890 Page 11
BLYfHWI)00 COMMUNITY NURSERY UMThED NOTES TOTME FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCM 2024 Equlpment Total TANGIBLE FIXEDASSETS Costs As at siart of the year Addltions As at end of the year 360 360 360 360 Accumul•ted Depre¢ialion As at start of the Veèr Charge for the year A5 at end of the year 360 360 360 360 Net Book Vye At the end olthe year At the start of the year CREDrrt)RS.. AMOUNTS FALLING DUE WIThIN ONEYEAR Z024 2023 Accrua15 Taxation and 50ci31 sècurity NEST Pension N21 wage5 924 2.378 1,921 40 MOVEMENT IN FUNDS Atthe start ofthe year Incoming resources Out80ing resources Atthe end of the year Transfers Unrestrictedfunds= General fund 85,470 2a3.03Q 1233,1101 55,390 Total unrestrlcted funds 85,470 203,030 1233,1101 55,390 Restrlued fvhds: LBI Training Income Irom HMRCJRS Grant Total unr•strirted lund5 TOTAL FUNDS 85.470 203,030 1233,1101 55,390 Page 12