CHARITY COMMISSION St Aidan's Day Nursery Trust Registration number: 1139082 Annual Report and Financial Statements 31 August 2024 dOdd&co
St Aidan's Day Nursery Trust Contents Reference and Administrative Details Trustees, report Trustees, responsibilities Independent auditors, report Statement of financial aclivities Balance sheet 10 Cash flow ststement Notes to the financial ststements 12
St Aidan's Day Nursery Trust Reference and Administratlve Details Charity name St Aidan's Day Nursery Trust Charity registration number 1139082 Principal office Harraby Community Campus Edgehill Road CARLISLE CA1 3SL Reglstered offic Harr8by Community Campus Edgehill Road CARLISLE CA13SL Trnsteos M Murphy W Mitchinson K Dalgliesh Managar EDey Auditor Dodd & Co Audit Limited FIFTEEN Rosehill Montgomery Way Rosehill Estste CARLISLE CA12RW Page 1
St Aidan's Day Nursery Trust Trustees. Report for the Year Ended 31 August 2024 The financial statements have been prepared in accordanc£ with the accounting policies set out in the accounts and comply with tha charity's governing document the Charities Act 2011 and Accounting and Reporting by CharÉttes: Statemenl of Recommended Practice applicable in the UK and Republic of Ireland. Structure Governance St Aidan's Day Nursery is registered as a charity with the Charity Commission. The charity is governed by its Trust Deed dated 20 August 2010. Trustees from September 2023 to August 2024.. Martin Murphy. Willa Mitchinson and Katherine Dalgleish. The trustees and management have revsewed the major risks to which the charity is exposed, and systems or procedures have been put in place to manage those risks. detailed in its mitigating action and status explanations in the minutes. The day to day running of the nursery is delegated to one manager who splits their time bebmeen both sites: however the deusions regatyjing the overall direction nf the charity are determined by the trustees. raini The trustees have the power to appoint new trustees and in the event of a new appointrnent, appropriate training and induction prOdureS are arranged. okt2LtU2£ADd Activitios The charity's objecbves are.. To advance the education of childrén below compulsory school age, by reIving and &qring for such children in a day nursery and providing safe and satisfying group play and other activilies-, To encourage other activities through which parents may help the children- To do all such things as shall furtherthe Irust., To Cary out such other legal purposes for the advancement of education as the trustees shall from time to time by deed stated to be supplemental to Ihis deed with their unanimous consent declare. In determining these objectives the Trustaes have paid due regard to the Charity Commission guidan on public benèfit. Activities The Victoria Pla site 10-ye8r lease expired 3010912023. From 1st September 2023. a temporary, interim lease was implemented by Cumberfand Council, al a hefty increase of £10.800 per annum from the rate paid up to October 2022. This represents a 90% incre8se. Consultations and a business health check were conducted by Joan Bradley. on behalf of Cumberfand Counul on 4th Octob8r 2023. In condusion. no major efficienaes could be identified or inlroduced to improve the financial perfomiance of the site. With insurancE premiums being untenable. staff recruitmenvretention business uitical, and the site losing money, the chair of trustees wrote to Cumbertand Counal to formally give notice on 12th February 2024. to tenninate the lease and operations at the Victoria Pla site from 31st August 2024. As well as notifying all affected parents in writing that same day, management taok it upon themselves to individually telephone all parents and deliver this sensitive news 8s tsctfully as possible. Due to staffing issues, nursary attendan was terminated on 2nd August 2024: affected children continues attendan at the Harraby site or relocated to alternative sett¢ngs. From 1st September 2024, St Aidan's Day Nursery Twst conducts operations from the Harraby site only. Page 2
St Aidan's Day Nursery Trust Trustees. Report for the Year Ended 31 August 2024 Both sites continue to be recognised as "Outstsnding" by Otsted throughout thi5 audit period. Debtors continue to be assertively, but sensitively, minimised. Over goo% of nursery fees are collected prior to the 5th of the followng month. Fees charged to parents were incr&ased by beeen 10-110A for the period Sep 2023- Aug 2024. Blossom continues as service feature for parents to access live updates on child leaming, development and welfare until at least March 2024, rewew pending. The charity does not hold any agreements with professional fvndral$e or commercial participators. Risk management The trustees have assessed the major risks to which the charity is exposed which includes the financing of the charitys operations. The trustees are satisfied that systems are in place to mitigate exposur6 to the major risks. Plans for tho Future Since announcing the ¢losure of Victoria Place nursery, efforts to buy landlpropety as a permanent replacement to the Harraby site have led to a potential site being ident'ffied. An architect 2nd commercial surv6yor are Currently advising the trustees with a view to making an offer to buy. Having outgrown the Harraby site, the new site offers increased revenue opportunities, as well as better officEladministration, kitchen, staff room, restroom and outdoor facilities. The trustees are keen to be released from the shackles of a landlord and buy a pemianent, purpose-built farility to secure the future legacy of St Aidan's Day Nursery TrusL The financial position of the charity remains robust, despite unprecedented operational costs. A 10-11 % increase to nursery fees from September 2023, plus ongoing cost reduction reviews with ¢urrenVnew suppliers continue to aid finanaal performance. Staff continuity, morale and promoting from within continue to play a major role in fulfilling the charity's objectives,. advan children's education & safeguard their welfare. The total unrestricted reserves at 31 August 2024 were £1,325,457 with free reserves of £1.260,625 due to £64,832 of reserves being held as tangible fixed assets. The total expenditure for the year was £1,272,723 which. when apportioned over 2 months. is £212,121 and therefore the charity's free reseTves exceeds the Current reserves policy of holding 2 months of expendituré. The charity is able, should it wish to do so, to deploy reserves to seek altemative or new premises to own, rather than lease, should a favourable location materialise. This continues to be reviewed by the trustees every 6 months. There were no funds held on 31 August 2024 that were restricted and unavailable for general pUOSe$. The principal sources of funding for the charity are Government Education Grants and fees paid by parents of the children in the nursery. Page 3
St Aidan's Day Nursery Trust Trustees, Report for the Year Ended 31 August 2024 Approved by the Trustees on 2 April 2025 and signed on their behalfby.. M Murphy Truslee W Mitchinson Trustee K Dalgliesh Trustee Page 4
St Aidan's Day Nursery Trust Trustees. Responsibilities in relation to the Flnancial Statements The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable18w and United Kingdom Accounts-ng Standards. The law applicable to charities in England and Wales requires the trustees to prepare financtal 5tstements for each financial year which give a true and fair view of the state of affairs of the charity and ol the incoming resources and application of reSoUrS of the chaiity for that périod. In preparing these financial statements, the trustees are required to-. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charitses SORP: make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subje¢t to any material departures disclosed and explained in the financial statements." and prepare the financtal statements on the going concern basis unless it is inappropriate to presume that the charrty will conttnue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wth the Charities Act 2011 as amended by the Charities Act 2022, the Charity (AccDunts and Reports) Regulations and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregulartties. Page 5
Independent Audltors, Report to the Trnstees of St Aidan's Day Nursery Trust Oplnlon We have audited the financial statements of St Aidan's Day Nury6ery Trust (the 'chariW) for the year ended 31 August 2024. set out on pages 9 to 20 which comprise the Statement of Financial Actimties, the Balance Sheet, the Ststement of Cash Flows and the related notes. The financial reporting frameworf( that has been applied in thèir preparation is applicable law and United Kingdom Accountign Standards, induding Finanual Reporting Standard 102 {FRS 1021 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements- give a true and fair view of the state of the charity's affairs as at 31 August 2024 and of its incoming reSoUrS and application of reSoUs. for the year then ended.. have been properly prepared in accordance with United Kingdom Generally ACpted Accounkn"ng Practi applicable to smaller entities- and have been prepared in accordance with the requirements ofthe Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)l and applicable law. Our responsibilities under those standards are fjJrther described in the Auditorfs responsibilities for the audit of the financial ststements section of our report. We are independent of the charity in accordance wth the ethical requirements that are relevant to our audit of Ihe finanaal statements in Ihe UK, induding the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng ¢oncem In auditing the finanaal statements, wa have conduded that the trustee's use of the going conrn basis of accounting in the preparation of the finan¢i81 ststements is appropriate. Based on the wot1( we have PerfOad, we have not identified any material UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continu8 as a going cOnM for a period of at least 12 months from when the financial ststements are authorisad for issue. Our responsibilities and the responsibililies of the tsustees with respect to going concem are described in the relevant sections of this repo Othèr Information The other infomiation comprises the infomation included in the annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infomiation. Our opinion on the financial stalements does not cover the other information and we do not express any fom of 8ssuran conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomiation and, in doing so, consider whelher the other infonnation is Tnaterially inconsistent wth the financial statements or our knowledge obtained in the audit or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financtal statements or a material misstatement of the other infomation_ If, based on the work we have performed, we condude that the is a material misstatement of this other informab"on, we are required to report that fact. We have nothing to report in this regard. Page 6
Independent Auditors, Report to the Trustees of St Aidan's Day Nursery Trust conlinu8d Matters on vthlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audi( we have nol identified matarial misststements in the Trustses, Annual Report. We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infonnation given in the Financial Statements is inconsistent in any malerial respect with the Twstees, Report; or sufficient accounting records have noi been kèpt: or the Financial Ststements are not in agreementwith the a¢¢ounling records and retums- or we have not received all the infomiation and explanations we require for our audit. Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misststement5, whether due to fraud or error, and to issue an auditorfs retX)rt that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or error and are conSided material, if individually or in aggregate, they could reasonably be expectéd to Influen the economic decisions of users taken on the basis of these financial statements. A fijrther déscription of our responsibilities for the audit of the financial statements is located on the Financial Réporting Council's website at www.froorg.uklauditresponsibiliti8s. This description fonns part of our aUdit0S reporL Responsibllltles of trustees As explained more fully in the Trustées, Responsibilitiés Ststemenl set out on page S, tha trustees are responsible for the preparation of the Financial Slatements which give a true and fair view, and for such internal ontrol as the trustées detem)ine is necessary to enable the preparation of Financial Statements that are free from material misstatement whether due to fraud or error. In preparing the financial statements, Ihe trustees aré responsible for assessing the charity's abilily to continue as a going concem. disclosing, as applicabl8, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the company or to Cease operations, or have no realistic alternative but to do so. Our re8ponsibilltles for the audit of the flnanclal statemonts We identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, and then design and perfom) audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriata to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and nOn-mplIanC8 wlh laws and regulations, we Considered the following.. the nature of the industry and sector, control environment and charity's perfomiance,. results of our enquiries of management about their own identr'fication and assessment of the risks of irregularities.. any matters we identified hawng obtained and reviewed the charity's documentation of their. policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they are aware of any instanc£s of non-compliancE', Page 7
Independent Auditory&' Report to the Trustees of St Aidan's Day Nursery Trust . continued detecling and responding to the risks of fraud and whether they have knowledge of any actual, suspectsd or alleged fraud., the internal controls established to mitigate risks of fraud or non-complian ¥Mth18ws and regulations- The matters discussed among the audit team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and inntiveS that may exist within the organisation for fraud and identified the greatest potential for fraud to be in relation to revenue recognition and management override which, in common wth all audits under ISAS (UKI, we are required to perfomi specific procedures to respond to this risk_ We also obtained an understanding of the legal and regulatory framework that the charity operates in, focAJsing on provisions of those laws and regulations that had 3 direct effect on the determination of Material amounts and disclosures in the financial ststements. The key laws and regulations we considered in this context was the Charities ACL As a result of performing the above, in response to the risks identified, we did not identify any key audit matters related to the potential risk of fraud or non<ompliance wth laws and regulations. In addition to the above, our procedures to respond to risks identified included Ihe following.. reviewing the financial statement disclosures and testing to suptjorting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements., enquiring of management conceming actual and potential litigation and claims., Performing analytical procadures to identify any unusual or unexpected relationships that may indicate risks of material misststement due to fraud., reading minutes of meetings oflhose charged with governanca, and in addressing the risk of fraud through management override of controls, testing the appropriatèness of journal entries and other adjustments- assessing whether the judgements made in making accounting estimates are indicalive of a potential bias-, and evaluating the business rationale of any signific2nt transactions that are unusual or outside the nomial course of the charity's work. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-CA)mpliance with laws and regulations throughout the audit Use of our report This report is made soley to the charity's trustees, in accordance with Part 4 of the Charilies (Accounts and Roports) Regulations 2(X)8. Our audit work has been undertaken so that we might state to the chattty's trust those matters we are required to stale to them in an auditorfs report and for no other purpose. To the fijllest exient peTmitted by law. we do not apt or assume responsibility to anyone other than the charity and the chariws trustees , for our audit work, for this report, or for the opinions we have formed. ..b.JJ.+ .[. AJ,i aj FIFTEEN Rosehill Monlgomery Way Rosehill Estste CARLISLE CA12RW Dodd & Co Audit Limited Chartered Accountants & Registered Auditors 2 April 2025 Dodd & Co Audit Limited is eligible to act as an auditor in tenns of section 1212 of tha Companiés Act 2006 Page 8
St "dan'S Day Nursery Trust Statement of Financial Activities for the Year Ended 31 August 2024 Unrestrlcted Total Funds Total Funds Funds 2024 2023 Note Income and endowments from: Other trading adimties Investmenl income Charitabl8 activities Total income 5.822 30,066 1,200,324 1,236,212 5,822 30,066 1,200,324 1,236,212 8,902 13,953 1,177,404 1,200,259 Expendituro on: Raising fvnds Charitable activilies Total expenditure 691 1,272,032 1,272,723 691 1,272,032 1,272,723 378 1,232,093 1,232,471 Net movements in funds {36,511) {38,511) 132,212) Recontilialion of funds Total funds brought forward Total funds carried forward 1,361,968 1,325,457 1,361,968 1,394,180 1,325,457 1,361,968 All of the inc4)me and expenditure in 2023 related to unrestiicted fijnds. The notes on pages 12 to 20 fomi an integral part of these financial statements. Page 9
St Aidan's Day Nursery Trust Balance Sheet as at 31 August 2024 2024 2023 Flxed assets Tangible assets 10 64,832 170,756 Current assets Debtors Cash at bank and in hand 34.485 1,242,649 1,277,134 20,215 1,189,250 1,209,465 Creditor8: Arnounts falllng due wlthln one year 12 (16,509) 118,253) Net current assets 1,260,625 1,191,212 Net assets 1,325.457 1,361,968 The funds of the charity: Unrestricted funds unrestn.cted income funds 1,325,457 1,361,8 Totsl ¢harlty funds The financial statements have been prepared in accordan wtth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021. 1,325,457 1,3S1,9S8 Approved by the Board on 2 April 2025 and signed on its behalf by: M Murphy Trustee W MitGhinson Trustee K Dalgliesh Trustee The notes on pages 12 to 20 form an integral part of these finanual statsments. Page 10
St Aidan's Day Nursery Trust Cash Flow Statement for the Year Ended 31 August 2024 2024 2023 Nole Net cash fiow from operating activities Capitsl expenditure and financial investment Purchase of tangible fixed assets 15 63,653 {32,670) {10,2541 (10,254) (21,1901 (21,190) Increasel{decreas8) in cash 53,399 {53,860) The notes on pages 12 to 20 fom an integral part of these financial statements. Page11
St Aldan's Day Nursery Trust Notes to the Financial Statements forthe Year Ended 31 August 2024 Accounting policies Statement of ¢ompllan¢e The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordancE Ath the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporb"ng Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2Q19. The accounts (financial statements) have been prepared lo give a 'true and fair, wew and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'true and fair view,, This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Iland {FRS 102) rather than the Accounting and Reporting by Charities.Statement of Recommended Practrce effective from l April 2005 which has since been withdrawn. Basls of preparatlon The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transa¢tion value unless othewise stated in the relevant accounling policy notes. Golng concern These financial statements have been prepared on a going concem basis. The trustees assess whether the use of going concam is appropriate i.e. whether there are any materi81 uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern, The trustees make this assessment in respect of a period of one year from the date of approval of the financial ststements. Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtheran of the objectives ofihe charity. Further details of each fund are disclosed in note 17. Income and 9nd0entS Income derived from events is recognised as eamed {that is. as the related goods or SeNiS are provided). Investment income is recognised on a receivable basis. Income fmm charit8ble activities includes income recognised as eamed (as the related goods or seNi are provided) under contract or where entitlement to grant funding is subject to specific perfomian conditions. Grants are recognised when the charity has an enlitlernent to the funds and any conditions linked to the grants have been mel. Where perf0mlan conditions are attached to the grant and are yet to be met, the income is recognised as a liability and induded on the balan sheet as deferred income to be released. Income from Government and other grants, whether'capital, grants or'revenue, grants, Is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that income will be reTrived and the amounl can be rneasur8d reliably and is not deferred. Page 12
St Aldan's Day Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 . continued Expendlture Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is acLounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of raising funds are the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and Servi for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indired nature necessary to support them. Support costs Support costs indude ntral functions and have been allocated to actiwty cost categories on a basis Consistent with the use of resources, lor example, allocating propety costs by floor areas. or per capita, staff costs by the time spant and othér costs by their usage. Flxed assets Individual frxed assets costing £100 or more are initially recorded at cost. Ooproclatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected usefvl economic life as follows.. Fumiture and equipment Toys and playthings 150A reduang balan basis 330A reducing balance basis Cash and Cash Equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investrnents that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Operating lea8e8 Rentals payable under operating leases are charged in the ststement of financtal activities on a straight line basis over the lease temi. Penslons The charity operates a defined contribution pension scheme. Contributions are charged in the statement of finanaal activities as they beme payable in accordan with the rules of the scheme. Olher tradlng activities Unrestricted Total Funds Total Funds Funds 2024 2023 Fundraising Fundraising income 5,822 5,822 8,902 Page 13
St Aidan's Day Nursery Trust Notes to the Financial SL*ements for the Year Ended 31 August 2024 . continued Investment in¢orne Unrastricted Total Funds Total Funds Funds 2024 2023 Interest on cash deposits 30,066 30,066 13,953 Charitsble activities Unrestrlcted Totsl Funds Total Funds Funds 2024 2023 Charitable actlvltles CCC grants Fees income 622,082 578.242 1,200,324 622,082 578,242 1,200,324 529.774 647,630 1,177.404 Page 14
St Aidan's Day Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 . continued Expenditure Fundralslng Charltsble activitias Total 2024 Totsl 2023 Direct costs Food Nappies, toiletrtes. etc Toys and equipment Fundraising purchases Wages and salaries Staff NIC (Employers) Staff pensions Staff unifomi and protective clothing Staff training Books and activity costs 35.613 3,010 4,6L 35.613 3,010 4,606 691 890.33g 56,419 17,027 5,484 35,901 3,157 11.306 378 914.309 54,130 16,163 7,601 3.427 1,652 1,048,024 691 890,33g 56.419 17,027 1.343 1,013,841 1,343 1.014,532 691 Support ¢osts Rent Rates Water rates Light, heat and power Insurance Repairs and maintenance Telephone and fax Printing, postage and stationery Sundry expenses Cleaning Accountancy fees Bookkeeper fees Auditors, remuneration Legal and professional fees Bank charges Deprectation {Profitlnoss on sale of tangible fixed assets held for charity's own use 28,935 2,907 1,270 32.604 11,839 11,047 3.783 9,923 10,421 8.670 6,348 1,172 5,580 6,586 928 11,478 104,700 258,191 28,935 2,907 1,270 32,604 11,839 11,047 3,783 9,923 10,421 8,670 6,348 1.172 5.580 6,586 928 11,478 104,700 258,191 34,551 4,618 1,200 37,108 10,783 16.179 3,256 15,629 7,744 8,914 4,446 1.393 3,840 3.705 927 29,198 956 184,447 691 1,272,032 1,272,723 1.232,471 Page 15
St Aidan's Day Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 . continued Governance costs 2024 2023 Accountancy fees Auditors remuneration Bookkeeper fees Legal and professional fees 6,348 5,580 1.172 6.586 1S,686 4,446 3,840 1,393 3,705 13,384 Trustees. remuneratlon and expenses No trustees received ony remuneration during the year. 1 tsvstee (2023- 1) recéived travél expenses during the year totslling £199 {2023- £1901. Employees. ramunoration The monthly average number of persons (including senior managemenl) employed by the charity during the year was as follows= 2024 No. 2023 Charitable activities 55 61 The aggregate payroll costs of these persons wgre as follows: 2024 2023 Wages and salaries Sorial security Other pension costs 890,339 56,419 17,027 963.785 914,309 54,130 16,163 984,602 No employee reiVed emoluments of more than £60,000 during the year. Page 16
St Aidan's Day Nursery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 . continued Taxatlon The registered charity is exempt from tsxation on income and gains. 10 Tanglble fixed assets Furnlture and equlpment Toys and plaything8 Total Cosl As at 1 September 2023 Additions Disposals As al 31 August 2024 394,083 7,609 {294,9281 106,764 53,625 2,645 126,3231 29,947 447,708 10,254 {321,251) 136.711 Depreciation As at 1 September 2023 Eliminated on disposals Charge forthe year As at 31 August 2024 230.238 {192,7791 9,565 47,024 48,714 (23,772) 1,913 24,855 276,952 {216.551) 11,478 71,879 Net book value As at 31 August 2024 As at 31 August 2023 59,740 163,845 5,092 6,911 64,832 170,756 11 Debtorn 2024 2023 Trade debtors Prepayments and 8rUed income 16,396 18,089 34,485 12,949 7,266 20,215 12 Credltors: Amounts falling due wlthin one year 2024 2023 Trade creditors Arual$ and defeTt8d income 3,601 12,908 16,509 874 17,379 18,253 Page 17
St Aidan's Day Nursery Trust Notes to the Financial Ststements for the Year Ended 31 August 2024 . continued 13 Operang lease commltments As at 31 August 2024 the charity had total fijture minimum lease payments under non-cancellable operating leases as follows.. Other 2024 2023 Within one year Within two and five years 200 2.395 200 2.595 200 14 Penslon scheme Defined contrlbution ponsion schema The charity operates a deffned CntributiOn pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £17.027 {2023- £16,1631- There were no outstanding or prepaid contrtbutions at erther the beginning or end of the financtal year. 15 Reconciliation of net movements In funds to operating $h flov 2024 2023 Net outgoing resoUrS Depreciation, amortisation and impairment charges Loss on disposal of fixed assets Increase in debtors Decrease in creditors Net cash inflowl{outflow) from operating a¢tlvltles (36.5111 11,478 104,700 (14,2701 {1,7441 63,653 (32,212) 29,198 956 (2,124) (28.4881 (32.670) Page18
St Aidan's Day Nursery Trust Notes to the Financlal Statements for the Year Ended 31 August 2024 . continu8d 16 Relatod parties Controlling entity The charity is controlled by the trustses. 17 Analysis of funds At1 SeDtember 2023 Incoming re80ur¢es Resources exponded At31 August 2024 General Funds Unrestricted income nd 1,361,968 1,236,212 11,272,723) 1,325,457 Prior period At1 September 2022 Incomlng resources Resources expended At31 August 2023 General Funds Unrestricted income fvnd 1.394.180 1,200,259 (1,232,471) 1,361,968 Page 19
St Aidan's Day NUery Trust Notes to the Financial Statements for the Year Ended 31 August 2024 . continued 18 Net assets by fund Unrestricted Funds Total Funds 2024 Total Funds 2023 Tangible assets Current assets Creditors.. Amounls falling due within one year Net assets 64.832 1,277,134 {16.5091 1,325,457 64,832 1,277,134 116,509) 1,325,457 170,756 1,209.465 118,253) 1,361,968 Prior period Unrestricted Funds Total Funds 2023 Totsl Funds 2022 Tangible assets Current assets Creditors.. Amounts falling due within one year Net assets 170,756 1,209,465 (18,2531 1,361,968 170,756 1.209.465 118,253) 1.361,968 179,720 1,261,201 146,741) 1,394,180 Page 20