CHARITY COMMISSION St Aidan's Day Nursery Trust Roglstration numbor. 1139082 Annual Report and Financial Statements 31 August 2023 dOdd&co
stAKlan's Day Nursery TnMt Contents Roler•n¢& 8ThJ Adminthlh Detsils Tru8ts0s' repjt Tru$ts88' rgsporY8its'lii98 Inden(lent alitOrs, report Statsmont offinanc4al adiths Balanr sheat 10 Cash fiow st*m•nt 11 Not¢s to the finanraal slaternÈnts 12
St Aldan's Day Nurnery Tn1 Reference and Administrative Detsllx Ch•rlty nam• StAJan's Day Nury TnJ5t Chaty r¢ghtrntion numb•r 1139 Prln¢lpal office VKtoria Placè CARLISLE CA1 1LT R•gl¥tsrnd offi¢¢ tla Plac CARUSLE CA1 1LT M pAuY WMili*1rn K Dal91 IAkwntsd 15 No¥émtw20221 anager Audl Dodd & Co Audit Lthnrted FIFfEEN R058hll MctyaMery Way R¢h111 Estste CARUSLE CA12RW Page 1
St Aldan's Day Nutsery Trust Truslees. Rewt fortho Year End•d 31 August 2023 Th8 finarKial statements habp been prepared in th the actOLMrti FKJlicw 58t out in the acUnts 8nd comFly wrth the chanty's gownirrfJ documen( thè Charities Act 2011 and A¢tounb"rrfJ and Report)g by Charil$'. Statsmènt tsf Racemmonded Pr3¢"¢¢ ¥Ff4i¢4e in the UK and Repub¢ ¢f Ireland. Sl Aidan's Day Nursery 1$ wi51ered as a ¢h4Fty? 11 Chaiity Ctynmistsirffi. Th¢ tharity 1$ goYem¢d by its Trust D¢¢d dated 20 Augt2010. Trust from Septgmtr 2022 to Autht 2023.. Marfin kkmphy and Mithrwn. Kathering Dalgbish was appointed as a Tee on 15 No¥ember2022. The trustees and management have Ihe Maj risks to Ihe charrty ts exposed, and systems or FYOC8(lurtrs ha •n put in at to manag 1t¥)se nsks, detafied in ts mityb.ry acbon ar slatus •xplanatK)n$ in Ihe miThJte Thè day to day njnrting of thè nutsery ts degated to manager Ttt SF¥rt5 thBir tinè bèfvrtèn both $it8s', however the deaSnS regarding the 04ervJl directi ofts we deternin&l ty ts tnjstees. The trvstees have the poEr to woint trustees ar#J in ewrt of a rew appoinb7 appropriate training and induc'on procedures are a. èct #nd AethNI•8 The chanty's otyocb"v6s ale.. To Jvanct Ihe educats.on ofchAthn Cc¥npLlwSc)ol ago. by recer¥ing and carirvJ for such children in a day nwsory Wovhling sAfè 8nd sab"sty"r¥J grtsup Ktsy •nd To encoura ¢4hor8¢tivths I1Wghffith par¢nLs m)y l thJ. To ¢ all suth trMng$ 8$ shal fi#ttrlhe trust To ¢orry out suth other leg81 purp95es f¢r the •Jvancwnent of e(kKabon 89 the Irusteos shall from time tr) by deed ststed to bg supplementsl to Ihis deed their Imanwrws w15ent declare. In drminirbg these cJ'ectNes the Twslees paKI duo ward to the CharTty Convni55ion guKlance on putAic During Easter 2023, vaiTr)us completthS[rafs were hekl arx¢J5s b)th nur5erie5 c>Jnr4urting wrth lh8 Eastsr Fayrg$ he 81 bgth nurSerS on 2510312023. A crynbined totsl of£2.638 was rawd. AddOnalty, after a meeb.ry wth Petsr Tyson's in Apn"l. expl*"nThJ Ihe many thallenging 0rat1)nal and slaffing issues. trey agreed to SUPFthI the nurseries by donats"NJ £51xI per month. for6 montts. Thg purpose of thg fvn(kra¢¥in9 to rwe morw to wrthase educalicnal resour, t4Joks and toy Withrt addin9 a 2nd nUal increase io rr$ery fo0S.
St Aidan's Day Nursery T1 Ttees. RepNt for the Year Ended 31 August 2023 Both stes conbroJe to be {ec¥ed as-CkrtstbJiNd" ty Otsted t1¥0hOul avjié period. Debtors conts"n to bo aswb¥ety. blrt8e1I¥eIy. minimis? 0r 90% of nurswy fees are cc41eLled prwjrto tht 51h oftr month. Th• unfore5eon Bank Holklays of 19th Septwnber 2022. ts Queen's fvnerat, aThJ the King'$ CLYoThal'on on 8th May 2023. irnpacted incorrw. PohGy for nursery cb)sure dayslBank Hclidays is that no th8rg8 is rnade. As fees were akeady calculated and issuerj to al parwnts in AUgt 2022, prior to th? announcement of these events. credits were iSsd to all parènts whose thikIn WOLld have otherw attended. Thi8 unavoidabty increased outgoings witti refvnds is$Ld to those paren1¥ chldren left in Ihe Summer 2022 period. Those who stll ottend Ih8r&aft¢rh$ve bepm thised that tr creditwl be Ucted from ftrture lees, WTya¢ting ngt Incom$. Wrth staffing at a Lyitscal poirt the de(asKJn was taken to awwd 8 10% pay rise to •1 stsff in ri12023 to support staff retent)n, (b"nty, And moraK•. To improv nur¥erylp8rerta ¢natK1n9. engaJemerrt and m8n&aemen( St Aidan's Day Nurstirios ccffjmitted to a monlNy $Ofva subscription Blossom, a rnd nUry $offivare Specialist in February 2023. After a SuC$fiJI tri perrod. this has nrw bBen inlwc4Juc•a as a pelmanenl atrJre for parents to ac$ li updatss on chikd lèamrvJ, th. Th• ¢harity dots not hohj any agfeementswih pr0knljntser$ CK eommerual partiCp9t. Rl•k management The trustees have assessed the rrbaj.or riskg to thè eharity i4 exposed includes the financing of the (knarity's operats"ons. The tnjstees are sabsffitd that systems a in to mith3ate eXPOSUTe to the major risks. am forth• Futurn The 11>year kase expFry at VKknria Place. arKI knase review request at HaThaby are wthrgoing simultaneous discussions and negalKetions. On that basi$. fvlurg wnnmtrngnts We Gffj hokl until 6uch b"m8 that awabl8 t¢rms al boih srtes are conchjded. Tho finanual posib"r of the chartty Twnairffj rctmjst, desprte thwfecedent•d op•rab"onal costs. Onè of thèm bein9 an Unann¢ed retrosFective demand on 8 Ocrei by then Cumbria Cgunty Cguncl.. a 33% rgnl Increase fof Vicloria Place. In addthon, th¢ surn of £8,157 was demanded for back payment for those rr0$F•the rnnt ri$, aeerrfrvJ to ts lease. shoLld hm vnpthented tn Sèpt 2016 and S8pt 2019. A 9% incr8e to nursery fee5 from Sept&))ber 2022 a cost ttIOn review WTth currenvnow suppliers assisbj effeth'vety. Stsff Cntinuity, Mor8 aThJ FYthytiro frcm within conlHIL to Flay a maj'or rokn in fvlfilirg thg (ariVs oèj'gctives.. advanor¥J childr8n's8ducalion and Saard thw"rwfft. The total unrestncted serveS at 31 AwJust 2023 TArè £1.361.W freg resgrves of £1.191.212 due to £170,756 of serveS t"ng hdd as txrrfJibJt red assets. The totsl expendire tr year was £1,232,471 whi¢h, apportioned o¥gr 2 months. va £205.412 and therefore the chanty's free resèNts èxceds thè eurrèntfèsèrvès polrcy of hd(ng 2 months of eyperthture. The tharity 18 abb, should it to do so. to deploy reserves to seek altemative or new prernises to M. r#th8r than Se, Shoukl a laVoure location rnatenali58. Thi5 continues to be by the trustees every 6 months. Th8r8 re Th) ndS held On 31 Awjust 20231h8t restrithd ar*J unav818bltr for purposes. Pagg 3
Sl Aldan's Day Tn Trustegs. Report for th• Year Ended 31 August 2023 The princyl Sour of fIng lor the thanty arp Govwnment EdwtvJn Gnts and fees wd by parents ofthe chddren in th8 nursery. Approvod by th• TfUSt•Ès on 2 Apr 2024 •bJ Sig on their behalfby: M Murph Trustee W Mitcirtsc K DalglE Tnmtee
St Aidan's Day Nurs•ry Tntst T198$. R$1b1IIllfjS In rglatlon lo tho Flnanclal Statements The trustèts sponb prep8ri the Trustse$' RO ond ts finala1 statsments in acc4>rdanc4 with aM)Iic8bb law al Unrted Krydom Aixwntir¥J Standards. 144 applirablo to Chare$ in Engla1 and W8ks requwes the trustees to ppare fin8ncAal statements for each financial year whK gNe a tn fair view of the stat• of affa.rs of th• charity and ol thv ineoming resourcas aThJ aKplub"on of rasourcès of thè thaiity for Ihat wod. In preparing these financid ststements, thè trustées are required to". stl•ct SUrtae aecounb.ng pok"e and thèn XPFty thern CA)nsistenty.' ob5ÈNè thÈ thrS and wnople5 in the Charthes SORP. make Judgements and 8stirnatesth ¥e reasonabk and Wyent state whether aFvIKAe actounting stsndards ha¥e teen sut¥ed to any matarial JartUTes disdoJ and 0xaIned in the financial statttmonts", 8r¥J propar• tho finan(ial stat8m•nts on lh• COM basis it is 4naFproK¥wl¢ to pr•surnt 1hat th ehanty wll continue in tMJsiw. Th8 trust8as ¥r8 r8SwnSib fL¥ kggprrrfJ •¢c•unting rooyd$ thai (ti5(4ose wilh reasonable acuJrJty 8t any time th¢ finala1 p05ibc of the tharity and enatAe them to ensure that tho fnanrial statements tomply wrth the Ch8ribes Act 2011, the Charity (Accounts and Rèports) ReguLgtsc¥)s and th• provisFons of Ihe ttU5t ds•d. They are responstle for safeguar(fing the assets of the tharriy hence for ting reasonabb ¥teps for thg w•b*ntK)n and d8teth.on Offr8 cth8r IrreguLqnt. Page 5
Indep•nd•nt Auditorn. Report to tho Trustees St dIn.$ Day Nurwy Trust Oplnlo We hav• audtsd thè finan81 Stalern rA Sl Aid Day Nursery Tnjst {tho 'tharityl for the y8ar endèd 31 August 2023, $8t out on pag85 9 10 20 which cornprise fv Ststernent ol FinancAal Acti¥riti"es, the 8alanee S, the Staternenl of Cash Flows antj the rnIat notes. Thè financkal repor0 framework that has been applth in their preparation is applicable arml United rjdcrfn Ac£ountign Standards. induding Financ1 Reporhng Standard 102 {FRS 1021 The Financial Rew)rtiThJ SlaTrJard apF4irabl8 in th? UK RepLth ol LiTrd IUnrt•d .g Gerwalty A• Accountn9 Pl1e). In our opinion the financlal statements.. give a tsug and lair vivw of tIE stste of the Charrty's affairs as at 31 Aiwt2023 atvj of its inc%xning fSSOUTCgS 8rKI 8ppli¢ati(Yi ofres0ur. for the year Ihen en". have been proyly pwared in aceordartt vfilh United Ifjwm Genernty Accerrted A(tounlirvJ Pracaice appli¢ableto smal1 trntities". aThl have be•n prwrud in accordance7¢h tt UiremertsOfthe ChariWAct 2011. Bas1# lor opinlon Wa CorUed our audrt in acoydance ¥nth International Stsndards on Audng IUK) IISAS IUKII and applKIè law. Our respOl1e$ uThYer those standafds are fiJrth•r ¢Itt$L"bod in th& Auditofs responstbilities for th¥ audit of the financial ststements section of our reporL We are indeFen(knt of1hè drity in acwrdance wth the ethical uiremerits that arn rdewdnt to our audit of Ihg finanrial ststements in the UK Induding the FRC'S Ethical Standard have bj1fild our otr othical reSpon%bIeS in acKordanc4 wrth these requiramants. Wè bo1 thatthe 8u¢t eviden ¥st ha¥e obtw.ned ts SufficrtarJ awopiAt•tO a basis for our opinion. Conduslorro rnlatEng to oolng conrn In aln9 the finanoal stat•nS, haw condLhl&J that thè bitstse's use of ts wirg ¢(eM basis of accounting in thè prewation ofthe finarA statements 15 aPPTopnate. Bas¢d M thtr work 7Ae have pjffl. not thnbfied w maleiial unc8rtaiwth3 tating tg mnts or condttion$ thaL iTrJividualty or may cast signtttsntdoubt on thè chwitys abilty to c£nthnue as a g)iTrJ concem for a rJd ofat &51 12 rnonths frun the finanaal 3tatemenls are a¢Jihorised for i8sue. Our r¢spon$its[e arnl the responsibilths of the trustO8s wlh to going corKem dgscriw in Ihg 1gvant¥ections ol this rewL Oth•r knlorniatlon The other inlonnakn cornprn•slhè infornalth Inchjd li annual report. otherthan the fm8ncial statemonts and our auditorfs report therèon. The trustees are [espo1¢ for thg other information. Our oTri0n on the financ1 statements does not rxwer the other infonnab.on and %%e do not express any lom ol assurane• (y)nclu5ion thereon. In ¥vth our audit of ts financial Ststerynts. our responsibilrty is to ffjad Iha inf0m1atn and. in doing so. consJer whether the other information i% materiaTry inwnsi8t8frt wth the financial statements or our kned9 obtaird in the autht or otherise appears to be materially mi5Stated. If we identify such material in£SiStan$ or #Fparerrt rn8terial mwtalwnents. we required to detemiine whether Ihere is matenal misstatamtnt in thè fin81 slalements or a mrial misstslement ofthe ottw tyilormab"on. If. based on the wgth we have perfornwd. we cfjnck that the is a mthial mtsstaiorn•nt of other inlrym8bon, w? xrÈ required to rewtthat IXL We nothing to report in Ihis regartl. Pag• 6
Independerrt Audito. R•port to th• Tte¢S of St Aidan's Day Nur¥ery Tru51 c¢)ntinued Matters on whkh w• ar• r•qulr•d to r•port by •x¢•pOon In Ihe light of the knowlBdge and und8r5tsndir¥J of ts Charity aThJ its emronmont crtamod in tho coursg of thè audrt, have not identified material misstatements in fv Tntse$. Annual Rtrpojt We have nothiw to rewjrt in re6pecl ol the folM"rvJ matters Charibes {A¢c(Mmts Rerts) Régulations 2008 rBquire$ to wwtto yov rf. in our opliv. th8 informab.on gN•n in thè Fmantial Statements 15 Inn919 in ary rnaierial resp8ct vrith Trustees, Rèport," Of Suff1 auntIj rectxds have IKI t¢en kept FinJn¢i81 Ststanents are 8grewMntwith ts ¥•ntirj records and relums." or we have not al fv Wm¥bOn aThJ e¥81& r¥9re tor cw 8j Our oty'g¢tivgs arg to cl)taTn reasoriabkn assuranc about ether the financial statements as A whole are free from Material MItstements, whether due lo fraud or erm, and ID an audrtor's report that indudgs our opinn. Reasonabl6 8ssur8ne• is 8 high v•1 of assurance Ixrt is Tr)t a 9uarantee that an audit conducted in aeeordance wth ISA5 IUKI wll aK¥ay5 dect a rnaterial mi83tatement wh•n it oxists. Misstat8rnonts can aris frorn fraud or ewrry and are cOnSered material. if iThYiwdualty or in aggregate, they could asOnab L axpect8d to inftuence the economic de(asion5 01 users taken on Ihe basi8 oftlwè ffinanaal stthttmènts. A futth¢T de5criptron of Qui wwgns1¥"lit for Ihe audit of the financi81 statements ¢s located on the Financial R•porting CourKil'5 4¥b¥ite at vMw.frGor9.UkJauditrespsib1lbe This ¢jp"On forms part of ouf auditors Je R•8pon8lbllStl•8 of trust As explained more in the Trustees. Responslrbes Statemert set out on page S. thtr trustees a responsible for the preparation of the Financ¥al Staternerts whith gtvg a true aTrJ tsir vi•v. and for such inl?ma control as the SleeS detemine is nesSary to enable the preparation ol Financial Ststernents that are free freffi material mi£staternent. %%4thdue to fra1 wror. In preparing the ffinancaal statements. ts Intstees a responsitAe forassessi thè tharty's abilty to wntinue as a going concern. tJiscaosing. as applicable. matters rdatad to gthng con¢¢m and usiNJ thè goiThJ o)ncwi b8si8 of attounthng unless the tte&S erther inteFvJ to liquidate the company or to cease operations, or have no elL$t altematNe bui to do so. Our rn•pon$llAlltl•s lortho audlt of th9 1knanclal $tnents Wg identify and asses¥ the risks of material misststement ol the thanoal staiements, vknethor dug to froLtd or error. arKJ then desvjn an¢ perform audrt pr(Kedures fesponsNe to thoge risks. ineluding obtaing audr( èvidenee that is suffi¢xnt and approwiate to provth a bags lor our Opin. In Kl•ntity'ThJ and assessing rtsks ol material misstatem1 in resFÉd ot irwuknriw. indudry fra • nofvcomp1iancevrith1s arKI regula110r, consthred the r&sults of our ènquwigs of malagent Ihtir trAm aThY assessffnt of th& risks ol irTegularibe5", èny matter5 jentir tlI¥j obtaiwl arKI the dri$ documentation ofVir. polic and proUlES relatiw to.. id?ntifyiThJ, eVyatir9 and ¢cffiplyirg with Iwws and regul"ons and vth8th8r tlw arè a4varè of arty inances of non-(p1k8x',
IrKlependefft Audltovs. Report to the Tntstees of St Aidan's Day Nursery Tntst C(tlued detecting respOfing to risks of fra1 whether h& knowl of •ny ortual int•ma contro15 ests1$hèd to mrfigate risks of fraLhd or nonllcornplian with la regulati¢)n$,' Thè matt•rs discuss among thè autht team règardiro htrw and wknere frBLKI m¥ht occur in finanoa statemgnts and ary F4Jtsntial iThJKatC¥B of fraa. A¥ a rgsuK of procedures. w8 cJJnsMJered the cprOeS and innINe$ that may exi%t withn the organi$8ty'on for fraud and Klenb"fied greatest potsntial for fraLY to be in r8lats.on to nu9 recLJgnitiefi ar manwJement override 1th. in ComMc wilh all Jdrts urnJ6r ISAS IUKI. ara wifed io pèrfom spaufic prodUleS to respond trj thi% iisk. We also obtsined an undetstsnding of the bEgal and regulatory frarnv•KJth that the tharity oper8t8$ in. focusing on proisigns ofthosg laws and regulob"on5 that had a (krert effed on the drminatKn of rnatersal amounts and disdosures in the finanaal stthnts. The key I8 and reguL3b"ons considered in this c£ntext was t Chatities Act. As a result of perfomiirvJ the at#)Ne, in re¥¥)rw to nsks wJentifi8d. dhl not id•ntify any kay autht rnatters related to Ihe potential risk of fr8ud or notarnpl4nC4 wilh Lgwra and rngulatiOr. In addiaon to thg abovg, our pr¢ctdurès to rèspond to ent1 included the frAkM'r¥J.' In0 thè fmancial Statemènt drIOSureS 8r¥J testily to SUFP)rbrs cmentaliOn to assess ¢¢¥nplianc¢ wilh pwsions of rdeyant aTrJ regukb.ons descnbed as hawng a dIrt effect on the finanaal statements", errfjuiring of man&JementconcemiThJ acbjal ar#J potentid Wbon ar daims". perfomiing anatyb"C procedures to •Jenty ary unusual of urw•d•d MIanShIpS that may indKat& risks ol rnaterial mi$51atwtdu0 to fr4J. r•ading minute¥ of mwkn"ng5 ofth05e charg8d go¥BrrwTh. and in addressing the risk of fraud trugh management obwrJe of controk. te8ting the appropriatene$$ of journ81 entries 8Th1 Dtsr ljustrn8nts' assessir9 wr the jLKlgements made in makirvJ accounting estimate6 are indiutive of a wtsnbal tsas". and evaluating the business raIN)na of any $i1ficant transactions that are unusual or outsideth& noal cJr$0 Of chanty's wo We a150 communKd r818vant h1entifd I and regulations a1 potentsal fraud risks to 811 •Mènt te members and remained alert to any iThScats"ons offr3j or r)ofvcompli*K• and rtgul8tiL5 1hrojhoul the aud Us• of our rnport This report is rn•Je soley to the trustees. in accordance with Part 4 of the Chwilies {A¢S and Reports) R•gula$ 2(. Our work has be undertaken go thal * moht slato to thè eharitys trustées those mattets a wired to state to them in an auditorfs Twrt for no other purpose. To the fiJlle5t èxtent permitted by law. do not accept or a¥sum¢ responsit41ty to anyone other than ts charity and the ¢h8rity$ trusts¥3, for ouraudrtTrhThL fotthLS reporL or forthe opinions we have foJmed. . A/.J,. [ AJ,è FIFTEEN Rosehill Montyomery Way Rosehill Estatè CARLISLE CA1 2RW t)odd & Co Autht Limrt&J Chartered Accountants & Registernd A1t0 2 April 2024 Otrjd & Co Au¢lt knmited is elvJit4eto &t as an alItOr in termy ofsecth)n 1212 ofts Compank8s Act 20thS P•J8 8
St Aidan's Day Nursery Trust Stat•m•nt of Flnanclal ActMUM for the Y•ar End 31 Aug1 2023 Unre•trict•d Totsl Fund• Tot41 Fund• Fund8 2023 2022 Mot• In¢om• 4nd fr¢m: OthertradirvJ acbwts In%knent inrn Charitable acbwbes Totsl incomtr 4.015 1.922 1,176,189 1,182,126 13,953 1.177,404 1.200.259 13.953 1.177,404 1.2Lb).259 Exp•nditur• on: Raising fvnds Charitable Bcbw Totsl expentjrture 378 1.232.093 1232,471 378 1.232,093 1,232,471 1.113,877 1.116.480 Net movwnents in fijnds 132.212 132,212 Reconciliation ol fund• Total funds brought forward Totsl fvnds ¢amed lomard 1.394.180 1.361.968 1.394.180 1.361.968 1,328,534 1.394.180 AJI of th8 in¢Th ar¥J expenditure in 2022 rnlated to uryestricted fiJrts. The notss on paw 12 to 20 brm #n inkngral p8rt ofthe5e )Inanrial 8tatements. Pa9
St Aidan's Day Nuw Tntst Balance Sheet as at 31 August 2023 2022 xed assets Tangib ossets 10 170,756 179,720 Current •••ets Debtors Cash at barl( in harKI 20,215 1.189,250 1.209.465 18.091 1,243,110 1,261.201 Cr•dltorn: Amounts f•lUng ne year 12 118.253} 146,741) Net ¢urrentas•ts 1.191.212 1,214.460 Nèt a••ts 1.361.968 1.394,180 Th? fund8 of the ¢harlty. Unr•stri¢t•d fundJ Unrestiietad inc>Jme fuTrJs 1.361,968 1.394.180 Total eh•rity fundJ The financial ststements have been prepared in Ordan ¥Ath Ihe Finantsal Reporting Stsnd#rd 4)plic#bb in UK and RePU1C ol Iland IFRS 1021. 1,361,968 1,394.180 Approved by tho Board on 2 April 2024 aThJ sign•J on ts b8hall ty. M mUY Trustso W Mrtthirnon Tntstee K Do9$h TNstee Thè notes on pag8s 12 10 20 ftym on integal part oftW fin8Thl ststwnents. P•3e 10
St Aidan's Day Nursery Trust Cash Flow Statement for the Y•ar Ended 31 Augusl 2023 2023 2022 Net cash flow frGYn operats'ry ac*bitEs Capll•l expendliure and lknan¢lal InveBtsnen¢ Purthase Oftible ffixed assets 16 {32.670) 130,178 121.190} {21,1901 125.072} 25.072 1De¢reaseylncr In cash 53,860 106.349 The ft$ on p&aes 12 to 20 ftym an rts91 part oflhw finanoal statements. Page11
St Aidan& Day Nursery Tntst Not•s to thg Fln4ncl•l Ststsments for the Ygar End 31 August 2023 A¢viwtlng polcl•s Statement of ¢omplhnc accounts lfinanoa statements) ha been prtpartd in acwdance with ts Slatement of Recomrnonded Practice". Accounting and Réportirtg by Chaiibes prepariTrJ their ac(x)th)ts in accordanc vth the Financial Reporbng Stsndard in the UK and Repu of lrtknd IFRS 1021 and the Financial Reports"ng Standard aFpIKAe in the Unitod KiThj and of Ir¢l•nd IFRS 1021 the Ch8riti85 Art2011 arNJ UK GeneraltyAwted Prackn as rt appks Irum 1 J8nuary2019. accounts lfinanckal ststernentsl have LBen prepared to •ve 8 and fairf vw and have departed from Ihe charib.ès (Accounts and Reports) RegulatÈons 2008 to thè èxtent rtquired to prowd8 a Iru8 and fair This depathjre has in¥oW follwng Actountsro aThJ Reporlbng by Charilws Prepng their accounts in accordan wth Ihe Financial ReportiwJ Standad aFpl in the UK and Republic ol Ireland IFRS 1021 rather than th6 Accounb"ng Rpo.J by Charibes.'Statsm8nt of Rec(¥nmendad Practicè effective from 1 April 2CX)5wlith has wr been Ba818 of prgp•ratlon Tha tharity mo01$ definthn of a wblic entity tmder FRS 102. Assots an<1 li•blit$ we initial recognis8d at historical cost or transac40n Val un$ otherwise stat•J in the r•vanI accountiry4 poIi¢y not Golng cone•rn These firjanual stat•m•rts have teen prEpared on a going conL¥m basrs. The twstees assess vthether thè use ol goiNJ etsnc£rn is approwate t.e. there are any mater uncewtsintie5 rehted to events or onditions that may cast significant (kwbt on the at41ty of the Chanty to continue as a wrg ¢onc¢m. trustees mak8 this assessmfrnt in respect ol a pOnj of onè year fmm date of approv81 of ts anal $18ttrm•nts. Fund aeeouthtlng pollcy Unrestrictad inc& funds gérÉral fiJnd$ that are availth use at the truste8s' dl$Lntlon fiJrtrarnc? ofthe oLyethes ofthe Charity. FUrtherd•tal oft8th ?rg di109ed In note 18. In¢ome derived fr(xn e¥ents rec(gnwl as eamed {that is, as tr reW goods tff seTh7ces are prowdedl. Investment In(Zr i8 rec4)gnk8ed cffi a refv)le basis In¢Je tharita) activities indth inthme recognksad 0$ ègnxd185 the related goods or services are prowdedl undw c4)ntract or Ithere entill•nent lo g1 fundin9 is s(lJiect to SF•cffic rf0m1( conditions. Grants meognisgj Ihe tharity has an entthment to the luThJs rh1 any r#Jndthorts Inked to the grants have been mel We perfonnance cotNMTrons are attach8d to th8 grant and are yet to be met. the inrne is recognised as a lia.1 and Indusjsd on the ban¢¢ ¥hgel as del8Thgd income to be rèlèas. Incom• from GovernRnI and ollw grants, Whth'(alr grants or'revenue. grants. Is rècogru8èd whèn the charity has èn1ilernent to the fiJThts. any perf(wrnan conLlitw attachèd to thè grants have been met il is probable that incomewn b• r8caN•d and the amountcan be measured reliably and LS not Jeferred. Pago 12
St Aidan's Day Nursery Trust Notes to the Flnanclal Slatements for the Y•ar Ended 31 August 2023 Exp•ndllu Liabilitss are recognised as soon as thwe i8 a gal or (x)nstruCte obligation comrniltirg tharify to the expenditure. All eXpendIre is acD)unted fc on an acuuals basis and has been cjassffigd under headings that aggr8gat• al costs rdat8d to th• catègory. Costs of ry1n9 fiJnd$ ao the costs of tr•Jing for fiJThJTai%irYJ pulp$. Charrt8ble txpèndttum eompns•s those costs incurred by th8 chanty in thè dNary of its aCbveS and samtes for its b8rich8[18s. It irtdudès both c3Jsts thai can alkncatad direety to such actwth.es and those costs rjf an indirert natwe rece$3ary to SUF(Yttsm. Support eolts Support costs indude Cèntral funcbons ha¥e téen alked to 8ctiMty cxist categories on a basi% consi$t•nt wth thè usè of rèsourtss, for èxamplè. albcatmg proparty costs by tIc4)r arèas, or caprta, stsff ¢ts by tre lyne went aTrJ thr u)sts by LW. Fix•d a81•ts Individual fixed assels costing £1 cf MO are initially recordgj at cost D•pf•cl4tlon Dèpreciatic¥) is pmided on tsngti Jkn assets so as to Tlte i)ff the cost or valualion. $8ss any 8stimat•J reshdual Yalu8, overtheir expeded u58ful ecorKfflic Irf? 35 follo. Fwniture and equikwl Toys arkl playthings 15% red1 tsre b8skS 33% ra1rj bas Cah #nd CAsh Equlvalents Cash and cash Oquiwdlents comprisè cash har and can d8posits, and other short-torm IKiuJ inv•stm$nts that aw roadAy Contib[e to a knMI amountoftssh and are suL4"&(a tts an insignTrficant risk of arvje in vahje. Op•rntlng l•a Rent payabl8 UfKkn operatiThJ18ases are the staternent of financaal activtss a stra>3ht ling basis overthe 8$e tem). P•n¥lo The charity wratès a dèfird cOn1than pètisth sttm& CotitrtiUti are tharged Mi the statement ol fin8n¢wl acliwbes 8$ tsy bec¢me pay*4e in ruks ofthe sthemtr. Oth•rtrln9 •¢tl¥ltl•s Unve•trlcted Tol•l Fund• Total Funds Funds 2023 2022 Fundr¥i¥ing FuThJraisirKJ income 8,2 8,902 4,015 Pa9B 13
St Aidan's Day Nurwy Tntst Nots¥ to Fvwnclal Statements for the Year Endod 31 August 2023 Inveslment Inc¢)me Unrnstrlctsd Totsl Fund$ Totsl FyndJ Funds 2023 2022 Inter8st on (ash 13,953 13.953 1,922 Charltatl• actlvttlos Unrtstiietsd T)tsl Fund¥ Total Funds Funds 2023 2022 Chritble •¢livitig8 CCC grants Fees inc4)rne Go¥eThent grants receN 529,774 647,630 529,774 647.630 516,452 657.457 2,280 1,176.189 1.177.404 1.177.404 P14
St Aidan's Day Nursery Trust Notss to thg Flnanclal Statnts for the Year Endod 31 August 21)23 Exp•Ndltur• Fundrnlslnq Ch#rltabl• actlviuo Total 2023 Totsl 2022 Dir•ct ¢ots 35,1 3.157 11.xfj 35.W1 3,157 11.306 378 914.309 914,309 54,130 54,130 16.163 16.163 7,SJ1 7.601 3.427 3.427 1.652 1.652 1.047.646 1.048.024 33.755 2.677 11,421 2,e03 837,845 45.860 13,560 7,767 5,081 2,412 962.981 Nappies. toiletn"es. ete Toys and equiFfflent FUNdlsIng pufthase8 Wages and salaries Staff NIC IErnployèrs} Staff pensior Staff uniforrn and Protecti doth¥ Staff training Bed(s and adNrty ¢xxts 378 378 Support ¢o•ts Rent Ratès Water rates Light, heat and ptrr Insurance Repairs Maintenance T•leFOne an¢J fax Printing, postage a1 Statior Sundry èws Cleaning A¢countancy fees Btsjkkeeperfees AtyYTtors' remuratiOn gal anrt proless)nal f Bank charges Depreation IProfftWoss on sale ol tsngible 8¥5¢ts helJ for charity's own use 34,551 4,618 1.200 37,108 10,783 16.179 3.256 15.629 7.744 8,914 34.551 4,618 1,200 37,108 10,783 16,179 37,782 3,224 1,529 13,092 9,626 14,600 2.441 7.382 3.271 6.762 7,494 2,679 3,840 15,629 7.744 8.914 1.393 1.393 3.840 3,705 927 29,198 956 3.705 927 29.198 678 34.401 1.243 153,499 184.447 184,447 378 1.232,C$3 1,232,471 1.116.480 Pag¢ 15
St Aidan's Day Ilursery Tnmt Notss to tho Finn¢ial Statwnonts for the Year Ended 31 August 2023 Go¥•manc• costs 2023 2022 Account8ncy fees Auditors remureratx Bookkeeper fees Legal and profelOnal fees 4,44S 3,840 1,393 3,705 13,384 7,494 1840 2,679 3,435 17.448 No trust rei¥¢d any reMurabOD durirvj the yoar. 1 tntsto9 {2022- 11 receNwJ travgl oxpens8s durirvJ the Year10tlIj £19012022_£2471. Employ••$' r•mun•r¥lion The monthly average number of petsons lindLthKJ s•nby mag•mantI by the charity dLwing the yearwas as lollo•ts". 2023 No. 2tr22 No. 81 57 The agaregate payToII o)8ts ofthesa TsOrts as fdkx.. 2023 2022 Wages salaries Social security Other pens)n costs 914.309 54,130 16,163 984,602 837,845 45.860 13,560 897.265 No ernpS)yeè rOl¥ed emoluments of rne than £80.0 dwiThJ tr Jwr. Pag816
St Aldan's Day Nursery Tn1 Note5 to the Financial Statements for the Y•ar Endod 31 August 2023 .. continued Tax4tion Th8 r89i8t8red charity is exempl frryn taxalion on income and gaw 10 Tatyble flxed al Furnltur¢ and •qulpm•nt Tw and PYthIn Totsl CMt As at 1 Septtrmter 2022 Athjiti Dispos$ As at 31 August 2023 372,893 21.190 56.493 429,386 21.190 12.868) 447.708 {2.868} 53.625 394.063 Depreciation A8 at 1 Septgmber 2Q22 Eliminated en disptssals Charge brthe year As at 31 August 2023 204,495 45,171 11.9121 3.455 46,714 249,666 11.9121 29,198 276,952 25,743 230.238 N•t book val As 8t 31 August 2023 As at 31 August 2022 163.845 168.398 6,911 11.322 170,756 179.720 11 DobtOfS 2023 2022 Trade debtus Prepayrnorts and gcc¥ued InMe 12.949 7.266 20.215 15,804 2,287 18,091 12 Cr•dltors: Arnounts tsllnq du• Ththln on• y•ar 2022 Trade ¢redrtors Taxation and scrtial Srty A¢uuds defened inctyne 874 633 21,328 24,780 46.741 17.379 18.253 P8g8 17
St Aldan's Day Nurnery Tn1 N¢)tss to the Financial Statements for the Year Ended 31 August 2023 COntind 13 Non4dju8thw pt bal•nc• •h••t •¥ents A ¢Jecision has made by tho Tntstees to dose th& nwsery at the Vthia Plats s. Tr last day of this site bwng open be 31 August 2024. Al thikjwn and $taff aff haw Lwn offered a 8t the nursèry at th8 Harraby Cwmmurmty Centr• sil•. 14 Oyr•tinq h••e ¢ommStm•nts As at 31 August 2023 the charity had total futw• rnirimum pa)Trts undèr non-car113b operatin9 Igases as folows: Lnd and BulldlThJ 2023 2022 2023 2022 Within on yèar Within aThJ fve years 12.Cl]O 2.395 2LYJ 2.595 2,395 2.595 4.990 12,000 15 P+10ft #ehprne D•fin•d ¢ontrllxrtlon p•nslon Kh•m• • charity ¢)ptrates a deffined cOntrib)n perffj)n sthme. Tr persK)n cost chao& for th• ri0 Tepresents cLJntributions payab by the eharityto the sd)en and amounted to £16,163 (2022- £13,%01. There were no Cnthng or contrlbub.ons at •the trrfinniNJ or ènd ofthè financial ygar. 16 Rocon¢llttlon of net mov•m•nts in funds to oprnfjng cah Ilo 2023 2D22 loutgoinglfincwiirg resources Depteoation, arnvrti5atn and impaimi¢rtcarges Loss on disposal offixed assets IIncreaseyd0asfj in dab (Decreasellincrease in credrtors N•t ¢•sh louffiowylnllow from ¢)p•rallng athili•s 132,2121 29,198 65,648 34,401 12.1241 128,4881 132,6701 319 29.812 130.178 Pagg18
St Aidan's Day Nursory Trust Notes to the FinaTrdal Slatemonts for thg Year End•d 31 August 2023 17 R•latsd wrtl•• ontrolllng •ntity The tharity 1$ controlod bythè trustet 1B Anatysb of fvnds S•ptornb•r Incoming Rejourcej At31 2022 •xpended August 2023 G•neral Fund• vnrgstn.ctsd inc4Jmo bjnd 1.394.180 1.200.259 {1.232.4711 1.361.%8 Prlor p•rlod At1 InGt)mlng ReSoue• At31 SeptsrnbBr rn6ourc•6 •xp•nd•d Auw•t 2022 2021 General Fund8 Uffestrled 1.328.534 1.182.12fj 1,116,480 1,394.180 P899 19
st AidanS Day Nursery Tnmt Notes to the Flnanclal Ststsmonts lor the Yèar Endgd 31 August 2023 19 N•t I•ts by IWNI Urnestrlcted Totsl Fund• Funds 2023 Totsl Funds 2022 Tarsible assets Currgnt assets Credrtors.. Amwnts falling d*•"n ye Net assets 170.75$ 1.209.465 118.2531 1.361,%8 170,7 1,209,465 118.2531 1,361,968 179,720 1.261,201 146.7411 1,394.180 Prlor peflod Unre•lrfctrd Total Fund• Fund• 2022 Total Funds 2021 Tarwjlb assets Current assets Credrtors.. Arnourrts falling Vmhin ¢)n& year Net 883ets 179,720 1.261.201 146,7411 1,394,180 179,720 1.261.201 146,7411 1.394,180 190,292 1,155,171 116.9291 1.328,534 Page 20