REGISTERED COMPANY NUMBER: 05167518 (England and Wales) REGISTERED CHARITY NUMBER= 1139677 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR RIPLEY NURSERY SCHOOL CHILDCARE The Rees Pathership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 SLE
RIPLEY NURSERY SCHOOL CHILDCARE CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 August 2024 Page Report of the Trustees 1 to 2 Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13
RIPLEY NURSERY SCHOOL CHILDCARE REPORT OF THE TRUSTEES For The Year Ended 31 August 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 200S, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To advance the educakn'on of children aged bebNeen 3 and 8 years, in Ripley and the surrounding area, through the provision of day and after school care in a safe and secure environment and by encouraging and supporting parents to become involved in their education and development. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity continued to offer the provision of childcare to young children in Ripley and the surrounding area. FINANCIAL REVIEW Flnancial position In the year to 3110812024 the charity made a surplus of £46,572 (2023: surplus of £18,639). The net unrestricted reserves at 3110812024 were £96,350 (2023.. £49,778). Decisions made in previous years to increase childcare fees. and undertake an internal restructuring has enabled the charity to achieve an overall surplus for 2023 and 2024 which has led to an increase in the net unrestricted reserves. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is Controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 20C6. Ripley Nursery School Childcare (the company) obtsined its charity registration on 5 January 2011. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05167518 (England and Wales) Registered Charity number 1139677 Registered office Sandham Lane Ripley Derbyshire DE5 3HE Trustees C M L Bednal L Timmons D M Brown S R Bradshaw N Groom (appointed 5112124) N Brown (appointed 5112124) C Manley (8ppointed 5112124) CoTnpany Secretary C M L Bednal Page 1
RIPLEY NURSERY SCHOOL CHILDCARE REPORT OF THE TRUSTEES For The Year Ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 SLE Approved by order of the board of trustees on . 1315 /ioif and signed on its behalf by- N Brown - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIPLEY NURSERY SCHOOL CHILDCARE Independent examiner's report to the trustees of Ripley Nursery School Childcare I'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of the Company (and a150 its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Acf). In carrying out my examination I have followed the Oirections given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Independent examiner's statement sin your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirrn that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordan 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 the UK and Republic of Ireland (FRS 102)). I have no nCernS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ph Brough ACA CTA e Institute of Chartered Accountants in England and Wales The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 SLE Date: Page 3
RIPLEY NURSERY SCHOOL CHILDCARE STATFMFNT OF FINANCIAI ACTIVITIF8 For The Year Ended 31 August 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Childcare 327,567 327,567 223,380 Other income 8,316 8,316 14,502 Total 335.883 335.883 237,882 EXPENDITURE ON Charitable activities Childcare 273,386 273,386 200,258 Other 15,925 15,925 18,985 Total 289,311 289,311 219.243 NET INCOME 46,572 46,572 18,639 RECONCILIATION OF FUNDS Total funds brought forward 49,778 49,778 31,139 TOTAL FUNDS CARRIED FORWARD 96,350 96,350 49,778 The notes form part of these financial statements Page 4
RIPLEY NURSERY SCHOOL CHILDCARE BALANCE SHEET 31 August 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Tangible assets 2,697 2.697 2,891 CURRENT ASSETS Debtors Cash at bank and in hand 3,767 96,251 3,767 96,251 9,954 56,450 100,018 100,018 66,404 CREDITORS Amounts falling due within one year (6,365) 16,365) (19,517) NET CURRENT ASSETS 93,653 93,653 46.887 TOTAL ASSETS LESS CURRENT LIABILITIES 96,350 96,350 49,778 NET ASSETS 96,350 96,350 49,778 FUNDS Unrestricted funds 96,350 49,778 TOTAL FUNDS 96,350 49,778 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheiSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ib) The notes form part of these financial statements Page 5 continued...
RIPLEY NURSERY SCHOOL CHILDCARE BALANCE SHEET- continued 31 August 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The nanci stat nts were approved by the Board of Trustees and authorised for issue on 12.1.f.l.w..Ir........ and were signed on its behalf by: N Brown - Trustee The notes form part of these financial statements Page 6
RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 August 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on 2n accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 250/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used iri accordance with the charitsble objectives at the discretion of 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 statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the penod to which they relate. Page 7 continued...
RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2024 NET INCOMEIIEXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2024 2023 Depreciation - owned assets 899 965 TRUSTEES, REMUNERATION AND BENEFITS 2024 2023 Trustees, salaries Trustees, social security Trustees. pension contributions to money purchase schemes 3,162 30 32 8,344 63 3,224 8,418 Trustees. expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS The average monthly number of employees during the yearwas as follows: 2024 16 2023 14 Staff No employees received ernoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Childcare 223,380 223,380 Other income 14,502 14,502 Total 237,882 237,882 EXPENDITURE ON Charitable activities Childcare 200,258 200,258 Other 18,985 18,985 Page 8 continued...
RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THF FINANC.IAI 8TATFMFNTS - c.ontiniied For The Year Ended 31 August 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds Totsl 219,243 219,243 NET INCOME 18,63g 18,639 RECONCILIATION OF FUNDS Total funds brought forward 31,139 31,139 TOTAL FUNDS CARRIED FORWARD 49,778 49,778 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 September 2023 Additions 6,055 705 At 31 August 2024 6.760 DEPRECIATION At 1 September 2023 Charge for year 3,164 899 At 31 August 2024 4,063 NET BOOKVALUE At 31 August 2024 2,697 At 31 August 2023 2,891 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 3,170 32 565 9,486 468 3,767 9.954 Page 9 continued...
RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continiied For The Year Ended 31 August 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Accruals and deferred income Accrued expenses 18 147 3,505 2,695 2,708 147 16,152 510 6,365 19,517 MOVEMENT IN FUNDS Net movement in funds At 3118124 At 119123 Unrestricted funds General fund 49,778 46,572 96,350 TOTAL FUNDS 49,778 46,572 96,350 Net movement in funds, included in the above are as follows.. Incoming resources Resour5 expended Movement in funds Unrestrlcted fund8 General fund 335,883 1289,311) 46,572 TOTAL FUNDS 335,883 1289.311) 46.572 Comparatlves for movement in funds Net movement in funds At 3118123 At 119122 Unrestricted funds General fund 31,139 18,639 49,778 TOTAL FUNDS 31,139 18,639 49,778 Page 10 continued...
RIPLEY NURSERY SCHOOL CHILDCARE NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 237,882 (219,243) 18,639 TOTAL FUNDS 237,882 (219,243) 18,639 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3118124 At 119122 Unrestricted funds General fund 31.139 65,211 96,350 TOTAL FUNDS 31.139 65,211 96,350 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 573.765 (508,554) 65,211 TOTAL FUNDS 573,765 (508,554) 65,211 10. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 August 2024. Page 11 continued...
RIPLEY NURSERY SCHOOL CHILDCARE NOTE.S Ta THE FINANCIAL STATEMENTS - continued For The Year Ended 31 August 2024 11. ULTIMATE CONTROLLING PARTY The company is Limited by guarantee. The trusteesl directors as a body control the company. Page 12
RIPLEY NURSERY SCHOOL CHILDCARE DFTAII ED STATEMFNT OF FINANC.IAL ACTIVITIES For The Year Ended 31 August 2024 2024 2023 INCOME AND ENDOWMENTS Charitable activities Childcare 327.567 223,380 Other income SMP reclaimed 8,316 14,502 Total incoming resources 335,883 237.882 EXPENDITURE Charitable activities Trustees, salaries Trustees, social security Trustees, pension contributions Wages Social security Pensions Premises costs Bad debts Equipment and toy purchases Food costs 3,162 30 32 231,188 8,396 3.776 5,246 8.802 1,885 10,869 8,344 63 167,938 2,197 2,177 7,081 3,428 9,021 273.386 200,258 Support costs Management Telephone Accountancy Sundry expenses Subscriptions 85 887 3,172 2,776 114 816 3,245 2,871 6,920 7,046 Finance Bank charges 466 448 Other Repairs & renewals Training 5,024 2.616 9,926 600 7,640 10,528 Governance costs Fixtures and fittings 899 965 Total resources expended 289,311 219,243 Net income 46,572 18,639 This page does not form part of the statutory financial statements Page 13