The Crescent Pre-school Nursery Limited A Charity and a Company Limited by Guarantee Trustees, Report and Financial Statements For the year ended st 31 August 2024
The Crescent Pre School Nursery Limited Reference and administrative information Trustees (also Directors) D Alston N Massey A Weston (Director only) Registered Charity Number 1136237 Company Registration Number 06747556 Registered Offic¢ Charter Court 2 Well House Barns Chester Road, Bretton Chester CH4 ODH Accountants Bradshaws Limited Charter Court Well House Barns Chester Road, Bretton Chester CH4 ODH Business Addresses Crescent Children, Centre Pinewood Crescent Stoke-on-Trent ST3 6HZ Bankers: TSB 43 Market Street Longton ST3 IBN
The Crescent Pre School Nursery Limited Annual Report & Accounts 2023-24 This 161h Annual Report of the Trustees includes the financial statements for the year ended 31, August 2024. The report follows the order set out in the SORP. The review of achievements and perforniance section gives a rounded view of the Trust's achievements, together with activities involving b¢neficiari¢s and community partners. The statement of the Trust¢¢s' accounting and reporting responsibilities is included under the section of Structure, Governance and ManagemenL which has been included in accordance with APB Audit Standards, although this statement is not a requirement of the SORP. Index Page Trustees Report Structur¢, governance and management Objectives and activities Achievements and perfonnance Financial review Future Direction and Plans of Organisation Independent Examiners, Report to the Members of The Crescent Pre-school Limited Statement of Financial Activities 10 Balance Sheet 11-12 Notes to the Financial Statements 13-17
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2024 The Trustees who are also directors of ilie charity for tli¢ purposes of the Companies Act, pr¢s¢nt thcir annual report and the financial statements for the year ended 31st August 2024. Structure, Governance and Management Governing Document The governing document of the Charity which is a company limited by guarantee is the Memorandum and Articles of Association of th¢ company which was incorporated 12, November 2008. Statement of tru5tees' responsibfilities The trustees (who are also directors of The Crescent Pre School Nursery Limited for the purposes of company law) are responsible for preparing the Trustces, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and ihen apply them consistently, observe the methods and principles in the Charities SORP 2015 (FRS 102); make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsibl¢ for keeping adequat¢ a¢¢ountAng r¢¢ords that dilOse with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that th¢ financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Recruitment and Training of Trustees The Charity's elected trustees are appointed at the Annual Meeting of the Trust on th¢ basis of nominations received from th¢ Ex¢culiv¢ Committee to the Trust's specification concerning eligibility, personal competence, specialist skills and local availability- New Trustees are inducted into the workings of the Charity including Policy and Operational Procedures.
The Creseent Pre School Nursery Limited Trustees Report for the year ended 31st August 2024 (Cont'd) Organisational Management The appointed and elected Trustees of the Charity are legally responsible for the overall management and control of the Trust. The members of the Board who meet on a minimum of four occasions annually carry out the work of implementing most of their polici¢s. Onc additional meeting is held specifically to approve the budgets and finalise the Financial Accounts and Trustees report for approval by th¢ annual m¢etin8 of the Board of Trustees. The Board works under th¢ chaim]anship of the Chair of the Trust. The Board has adopted the Code of Governance published by the National Governance Hub as a means of building governance capacity and skills. The day to day running of the Trust is delegated to the Chainnan. The Nursery Manager reports to th¢ Board at their quarterly meetings. Risk Management A fornial review of the Charity's risk management processes is undertaken on an annual basis. The key Controls us¢d by the Charity include: Formal agendas for the Board of Trustees, Executive Committee and all sub- Committees. Detailed tenns of reference for all Committees. Comprehensiv¢ strategic planning, budgeting and management accounting. Established organisational structure and lines of reporting. Comprehensive policies to ensur¢ that all insurance risks are covered Formal written policies. Clear authorisation and approval levels and Vetting procedures are carried out for adults to safeguard the reputation of the Trust and to minimise the risk of inappropriate persons bein8 accepted as employees or volunteers. Systems of internal control include: An annual budget approved by the Trustees Appropriate delegation of authority and segregation of duties Identification and management of risks Througli the risk management processes established for the Trust, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately safeguarded against material mismanagement or loss. Objectives and Activities Charitable Objects The aim of the Charity is To enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through a community group by:
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2024 (Cont'd) Charitable Objects (continued) i) providing safe, high quality group play in which parents have the right to take part, ensuring that this group offers opportunities for all children, regardless of race, culture, religion or disability. ii) encouraging the study of needs of such children and their families and promoting public interest in and recognition of such needs in local areas. iii) encouraging other charitable activities through which parents may help the children. b) To further the development and education of boys and young men and girls and young women through their leisure-time activities so as to help them achieve their physical, mental and spiritual potential so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved. Aims and intended impact We are an equal opportunity organisation and are committed to a workin8 environment that is free from any forni of discrimination on the grounds of Colour, race, ¢thnicity, religion, sex, sexual orientation or disability. We will make reasonabl¢ adjustments to meet th¢ needs of staff or children in our care who are or become disabled. Public Benefit The public benefit that The Crescent Pre-school Nursery Limited is providing is to advance the education of children below statutory school age in and around Stoke on Trent by the provision of a kindergarten. In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit. As a charity, the parents of our children have the assuran¢¢ that all our income must be applied for the benefit of the children attending our settings. Principal activities of the Period In its latest Ofstcd Inspection, the Nursery was judged to be Good. It is a constant aim to reinain as a facility offering the very best in learning and child¢ar¢ for f¢wer than 5s. The local community desperat¢ly needs the facility but struggl¢s to pay for it. Achievements and performance This year a new strategic 2 year plan was put in place by the Directors due to the upcoming changes in governm¢nt funding. Resulting in building up our reserves which is evident in our accounts with this known we have still been able to stay sustainable which is shown evident in this year's accounts and we will continue to Strive to support stability for the future of The Cr¢scent Pre-school Nursery. Th¢ nursery has been in a position to continue to employ high quality and highly qualified staff. W¢ continue with encouraging and providlng opportunities for Continuous Professional development such as Foundation Degrees, Ba Hons, apprenticeships and GCSE'S we have also ensured all stsff have
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2024 (Cont'd) Achievements and performanee (cont'd) achieved Paediatric First aid and level 2 Safeguarding and Special Educational Needs training. We also continue to be enrolled on a training scheme which has resulted in broadening the team's knowledge. Two of our senior team and one of our practitioners are now in their fourth year on a BA Hons in Early Years Course a member of the team has completed a level 3 SEN coursc and all the team have completed SEND training to support our ever growing demand for SEND places within our Explorers room. There has been a continuous demand for 2, 3 year funded places, particularly our Sp¢¢ial Education Needs provision places. Over this past year our Sp¢¢ial Educational Needs provision has gone from strength to strength we are currently the largest and most successful early years setting that provides such a tailored intervention we have a newly enhanced larger SEND room last year we became part of a pilot to design a quality assured award for settings who demonstrate excellent inclusive practice resulting in this year being the First Early Years Setting to achieve the Shine Award. Families who access our SEND provision are from across the whole city we envisage this area of need across the city growing each year. The nursery has three childcare rooms which provided an opportunity to provide 0-2 year old baby room, a SEND room 2-4 years and our third childcare room provides care for 2-4 year olds, having the three childcare rooms provides maximum ¢hild¢ar¢ places for the local area and also SEND provision across the ¢ity. Ai the moment the nursery occupancy is predominantly funded for children accessing 2, 3. 4 year funding and SEND provision. The rate for 2 year old funding is higher than 3 year funding so is more cost effective. Wc have looked at the most effective sessions in regards to cost and staffing, whilst we are obliged to be flexible under the funding ternis and conditions we have taken into account maximising the number of children in each day with quality and flexibility and the sessions provided. The Nursery Directors have set up an onsite café within the Children's Centre which the nursery accesses for the main lunch meals and uses a Ial supern]arket for all other food stuffs which has positively impacted on food costs and quality. This Café has b¢en set up to provid¢ m¢als for the nursery and local families who access the site, all profit from this are gifted to the nursery. Financial Review Incoming resources During the Period The Crescent received funding from the Stoke-on-Trent city council for 2, 3 and 4 year old funding and other matters, which in total came to £379,846 (2023: £246,770). Payment by the parents was made in one of two ways, directly receiving the payment from the parents and by childcare vouchers provided by their employers.
The Crescent Pre School Nursery Limited st Trustees Report for the year ended 31 August 2024 (Cont'd) Resources pertded The major costs during the period Continue to be wages which amount to £279.886 (2023: £249.065) including employer's national insurance. All truste¢s give of their time freely and no r¢mun¢ration or expenses wer¢ paid in the year. No trustees or person connected with a trustee received any benefit from us¢ of our childcare facililies in the year on more favourable tenns than available to the general publi¢. Reserves Policy The Trustees have established a policy whereby th¢ unr¢stri¢ted funds not committed or invested in tan8ible fixed assets, which are the free reserv¢s of the charity, should be between three and six months of general (unrestricted) operating costs and the Trustees consider that this policy provides sufficient funds to cover management, support and administration costs to be able to continue the activities of the charity in the event of a significant drop in funding, or business interruption. The free reserves at the year end were £111,228 (2023., £34,986) are not within the above policy. Th¢ Trustees are hoping to replicate th¢ results of this Period in next period's accounts which will move them higher within the reserve policy, Investment Policy The Investment policy adopted by the Trustees is to maintain a hi8h standard of the assets of the Trust and implement a programme of continual development to optimis¢ th¢ir use in line with the Charity's objectives. Future Direction and Plans of Organisation Du¢ to the highly qualified Child¢ar¢ Manager and the Deputy Childcare Manager, the management believe this is a positive attribute for current and future staff to encourage them to study further enhancing quality. Additionally this has encouraged, three members of staff to undertake their BA Hons in Early Childhood Studi¢s which will b¢ Completed May 2025. We are also committed to all the team developing their SEND training further in the coming year. Therefore we are committed to employing highly qualified staff, which will result in the continuation of the high quality service currently being provided. The childcare manager is committed in planning to secure funding to develop the nursery for the children and 0-4's in particular the expansion of Special Educational Needs childcare places to ensure that the nursery continues to provide an enabling environm¢nt outdoors as well as indoors, providing optimum opportunities for the children to learn and develop essential skills that will provide strong foundations on which future personal and academic achievements can be built. This in turn supports children from deprived backgrounds to 'buck the trend, of lower achievements and extends the learning opportunities for all th¢ children who a¢c¢ss the nursery now and in the future. In addition to this, The Crescent Pre School Nursery support the local offer of15- 30 hours funding for working families with eligible 2 and 3 year olds, whilst ensuring staffing costs are effective and Continuous professional development is upheld.
The Crescent Pre School Nursery Limited Trustees Report for the year ended 31, August 2024 (Cont'd) Significant events since the year end. There hav¢ not been any significant events sinc¢ thc year end. Reporting Accountants A resolution wil I be proposed for the re-appointment of Bradshaws Limited, Chartered Accountants and Registered Auditors of Chester as the Indep¢nd¢nt Examiners. Bankers The bankers to th¢ Trustees remain TSB. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Declaration I declare, in my capacity as charity trustee, that: . The trustees approved the report above on 7th May 2025 have authorised me to sign it on their behalf 11)I iLJaSb,- A Weston Director
The Crescent Pre School Nursery Limited Independent Examiner's Report to the Trustees of The Crescent Pre School Nursery Limited I report to the charity trustees on my examination of the accounts of the company for the year ended 3 1st August 2024 which arc s¢t out on pages 10 to 17. Responsibilities And basis of report As th¢ charity trust¢¢s of the company (and also its directors for the purposes of company law) you are r¢sponsible for the preparation of the accounts in accordance with th¢ r¢quir¢ments of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not r¢quired 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 company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent exv4miner's StY4tement confirni that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants An England and Wales, I have Completed my examination. I confirn] that no matters hav¢ come to my attention in connection with the ¢xamination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or the accounts do not Comply with the accounting requirements of section 396 of the 2006 Act other than any r¢quir¢m¢nt that the accounts give a 'tru¢ and fair view, which is not a matter considered as part of an independent examination. or 4. the aooounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102)]. I would drawtlte reader attention to note 19 of the financial statements. Otherwise I hav¢ no further ¢on¢er have ¢om¢ oss no other matters in connection with the examination to which attenti Id be draw In this report in order to enable a proper understanding of the accounts to be reac Charter Court Well House Barns Br¢tton, Ch¢st¢r CH4 ODH Bra aws Li Chartered Aoooun Statuto 7. May 2025
The Crescent Pre School Nursery Limited STATEMENT OF FINANCIAL ACTIVITIES (ineluding income expenditure aeeount) for the year ended 31s¢ August 2024) Unrestricted Restricted Funds Funds Tolal 2024 Unrestricted Funds Restrleted Funds Total 2023 Notes Income from: ncome resources- Charitable Activities Investments Grants 444,840 458 1,346 444,840 458 1,346 313,892 327 313,892 327 Total Expendlture on: Cost of generating funds Charitable activities 372,127 372,127 326.623 326.623 Total Net incoming l (expendlture) 74,517 74,517 (12,403) (12.403) Reconclllatlon of Funds Total funds brought forward 40,761 40.761 53,164 53,164 Total funds carried forivard The notes on pages 13 to 17 forni an integral part of these financial statements -10-
Tbe Crescent Pre School Nursery Limited BALANCE SHEET As at 31" August 2024 2024 2023 Notes Fixed 855e¢5 Tangible assets 10 4,050 5.805 Current assets Siock Debtors Cash at bank and in hand 542 6.118 118,356 542 15.495 26,714 12 125,016 42.751 Llabllltles Creditors falling due within one year 13 79 Net eurrent assets 111,228 34,956 Total assets less current Ilabllltle$ 115,278 40,761 Net As$et$ The Funds of the Charity Unrestricted income funds 14 115,278 40,761 Total Charlty Funds The directors, statements required by Section 475(2) and (3) are shown on the following page which fom)s part of this Balance Sheet The notes on pages 13 to 17 forni an integral part of these financial statements
The Crescent Pre School Nursery Limited BALANCE SHEET (continued) for the year ended 31" August 2024 For the year ending 31" August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 r¢lating to small compani¢s. Directors responsibilities: the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. the directors acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of accounts. The financial statements were approved by the board on 7, May 2025 and si8n¢d on its behalf by .. N.L) Iu.o,Altr A W¢slon Director Company Registration Number:. 06747556 The notes on pages 13 to 17 forni an integral part of these financial statements -12-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st August 2024 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period and the preceding year. 1.1. Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements hav¢ been pr¢par¢d in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) issued on 16" July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 The trust constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no uncertainties about the Trust's ability to continue as a going concern over the next twelve months. 1.2 Fund accounting Funds held by the Charity are: Unrestricted general funds - General fuiids are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of th¢ g¢n¢ral objectives of the Charity and which have not been designated for other purpose5. Grant fund - these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects 1.3 Incoming resource8 All incoming resources included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 1.4 Grants payable and reeelvable All grants are accounted for gross when receivable. Grants payabl¢ are recognIs as expenditure when the commitment is cntered into. 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. 13-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31" August 2024 1.6 Investments Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activitics. Cashflow statement The Charity is exempt from the requirement to prepare a cashflow statement because it is a small Charity. Unre5trlcted Restrlcted Funds Funds Totsl 2024 Unrestricted Funds Restrlcted Funds Total 2023 Income from Charltable actlvltles Nursery fees from council Nursery fees from parents 379,846 64,994 379.846 64.994 264,770 49,122 264,770 49,122 Investment Income Bank interest receivable 458 458 327 327 Crants Government Grants ,346 1,346 -14-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31" August 2024 Unr¢51riet¢d Restricted Funds Fund5 Total 2024 Unrestricted Funds Restricted Funds Total 2023 6 Cost of charitable activities Costs directly allocated to activities:. Play supplies Food Wages (Note 7) Rent Insurance Staff training Repairs and maintenance Printing. postage and stationery Bank charges General Charges l Telephone Subscriptions Depreciation Advertisins Accountancy charges Sundry Exp¢ns¢s Lale Filing Penalties Legal Fees 16.956 31.681 279.886 19,857 2,559 1,427 5,082 381 60 1,908 70 1,755 734 9.160 275 16,956 31.681 279.886 19,857 2,559 1,427 5,082 381 60 1,908 70 ,755 734 9,160 275 4,753 34.285 249,065 19,827 2,293 1.427 4,567 299 60 989 106 3,109 4,753 34,285 249,065 19,827 2.293 1,427 4,567 299 60 989 106 3,109 1,862 196 3,100 685 1,862 196 3,100 685 336 336 Staff numbers ind ¢o$t$ Wages Nalional insurance contributions Pension Contributions 264,761 10,578 4,547 264,761 10,578 4,547 236,849 8,344 3,872 236,849 8,344 3,872 There was an average of 21 (2023.19) members of staff in the period. The key management personnel of the charity comprise of the nursery managers and charity secretary. The total employee benefits of the key management personnel of the Trust were £37,903 (2023.. £33,462). No employee of the charity received emoluments of more than £60,000 (2023: none). Trustees, remuneration and expenses None of the Trustees rec¢iv¢d any remuneration for services to th¢ Trust. The Trustees did claim expenses incurred on behalf of the Charity. Taxation The Charity's activities fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, there is no taxation charge in these accounts. -15-
The Crescent Pre School IYurs¢ry Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 3151 August 2024 io Tgngible fixed assets Motor Vehicle5 Fixtures, Fittings and Equipment Total 2024 Cost At I st September 2023 Additions during the year Disposals 10,158 17.668 27,826 At 31 51 August 2024 Depreciatlon At I, S¢ptember 2023 Charge for the year 9,481 677 12,541 1,077 22,022 1,754 At 3181 August 2024 Net book value At 31 $t August 2023 677 5,127 5,805 At 3151 August 2024 11 Debtors 2024 2023 Trade debiors Prepayments Other Debtors 3,604 2,514 7,691 5,419 2,385 12 C8sh at bank and In hand 2024 2023 Bank accounts 13 Credltors- Amounts falling due withln one year 2024 2023 Othcr Creditors Accruals Corporation Tax 5,244 8,444 100 3,695 4,000 100 -16-
The Crescent Pre School Nursery Limited NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31" August 2024 14 Analysis of net assets between funds Restricted Funds Unrestricted Funds Total Funds Fund balances at 31" August 2024 Are represented by: Fixed Assets Current assets Less . Current liabilities 4.050 125.016 (13,788) 4.050 125,016 (13,788) 15 Capital commitments There were no capital commitments authorised or contracted for at the year. Taxation 16 The Charity is exempt from taxation on any income or capital gains. 17 Control The Charity is under the control of the Trustees. 18 Company limited by guarantee The Crescent Pre School Nursery Ltd is a company limitcd by guarantec and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 19 Related Party Transaction The company is owed £2,385 (2023 - £2,385) at the year end by Crescent Cafebar Ltd, a trading subsidiary of the Charity. -17-