REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
FOR
ROOSE NURSERY
ROOSE NURSERY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
ROOSE NURSERY
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2024
TRUSTEES Mrs S Biddle Mrs J Redhead Mrs V Bell PRINCIPAL ADDRESS Roose Nursery North Row Barrow-in-Furness Cumbria LA13 0HF REGISTERED CHARITY 1142844 NUMBER INDEPENDENT EXAMINER J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ BANKERS The Co-operative Bank Business Direct PO Box 250 Skelmersdale WN8 6WT
Page 1
ROOSE NURSERY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024
The trustees present their report with the financial statements of the charity for the year ended 31 July 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim of the group shall be to serve the local community by offering nursery places to children aged 3 months to 5 years 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 the early years foundation stage curriculum:
(a) Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability.
(b) Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
(c) Instigating and adhering to and furthering the aims and objects of the Early Years Alliance.
The charity is constituted as an unincorporated charity and is controlled by its governing document.
The Nursery serves the local community but does not apply any form of restriction, geographical or otherwise to allow access to its services. The Nursery's educational operations are regulated by Ofsted and Cumbria County Council. The Nursery is currently rated as 'Outstanding' by Ofsted.
Public benefit
The services offered by the Trustees of the Nursery are deemed to be beneficial by their nature and are available to a large section of the public. The trustees have had regard to the Charity Commissions guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The nursery continues to be a busy setting serving the local community and surrounding areas. The nursery continues to have a substantial waiting list and good levels in all rooms.
We have an increasing need of children who have additional needs. We are currently piloting a multi-disciplinary team to help us meet the needs of all. The multi- disciplinary team consists of a Occupational Therapist, Counsellor, Trauma Specialists and Sensory resources specialist,
We have built and furnished a sensory room, the sensory room meets the needs of all the children in the nursery and school.
We continue to buy resources to enhance and replenish the nursery so we can offer the very best environment for all children.
We have continued to purchase outdoor equipment to enhance the outdoor play areas.
We have invested in an online tool to measure children sensory needs - The DDP
FINANCIAL REVIEW
Financial position
The financial position of the Nursery is strong. Income levels have returned to normal levels post pandemic. Nursery fees and grants provide a total income of £344,764. Nursery expenses are £338,565. Overall there was a net surplus contribution to reserves of £6,199.
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ROOSE NURSERY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024
FINANCIAL REVIEW
Reserves policy
Since 2011 we have always worked on the principle that the Nursery has at least 6 months' financial reserve and we will continue to do this.
Any additional money is to support the growth and development of the Nursery setting. Our main target is to offer all children the best start on their educational journey, to offer this we need to upskill staff and replenish the resources as we go. We are always looking at ways to aid our children, one of our current targets is creating safe bags for the children who need individual resources.
We also plan on developing and equipping a large play area for our 2 year old setting.
Going concern
The purpose of the Nursery's reserve is to provide sufficient protection for the Nursery against changing financial circumstances and to support future business development to enable the Nursery to continue to fulfil its principal purpose. The level of general reserves as reflected in Note 9 to the financial statements is represented by tangible assets and net current assets and is considered sufficient for the Nursery to meet its short to medium term expenditure obligations. The Nursery's cash reserves significantly outweigh its short and long term liabilities.
The Trustees have a reasonable expectation that the Nursery has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
FUTURE PLANS
The main target for the future is to further develop our outdoor provision adding climbing frames. This equipment will further enhance the children's physical skills.
We also plan on developing and equipping a large play area for our 2 year old setting.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 22nd June 2011 and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Sought by the Chair from parents of children through Tapestry, letter to parents or text. Candidates are invited to see the operation and meet with other trustees before being put forward at the next meeting. They would use safer recruitment guidance issued by the government.
Safeguarding of Young People
All of the trustees, staff and volunteers hold valid certificates from the Disclosure and Barring Service.
Approved by order of the board of trustees on 17 June 2025 and signed on its behalf by:
Mrs V Bell - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROOSE NURSERY
Independent examiner's report to the trustees of Roose Nursery
I report to the charity trustees on my examination of the accounts of Roose Nursery (the Trust) for the year ended 31 July 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns 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.
Mr P Hornby, FCA The Institute of Chartered Accountants in England and Wales
J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ
17 June 2025
Page 4
ROOSE NURSERY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| 31.7.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,600 Charitable activities Nursery 340,620 Investment income 2 1,544 Total 344,764 EXPENDITURE ON Charitable activities Nursery 338,565 NET INCOME/(EXPENDITURE) 6,199 RECONCILIATION OF FUNDS Total funds brought forward 147,637 TOTAL FUNDS CARRIED FORWARD 153,836 |
31.7.23 Total funds £ 1,500 275,537 565 277,602 305,825 (28,223) 175,860 147,637 |
|---|---|
The notes form part of these financial statements
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ROOSE NURSERY
BALANCE SHEET 31 JULY 2024
| 31.7.24 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 9,883 CURRENT ASSETS Debtors 7 7,000 Cash in hand 140,592 147,592 CREDITORS Amounts falling due within one year 8 (3,639) NET CURRENT ASSETS 143,953 TOTAL ASSETS LESS CURRENT LIABILITIES 153,836 NET ASSETS 153,836 FUNDS 9 Unrestricted funds 153,836 TOTAL FUNDS 153,836 |
31.7.23 Total funds £ 19,805 2,000 134,490 136,490 (8,658) 127,832 147,637 147,637 147,637 147,637 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 June 2025 and were signed on its behalf by:
Mrs V Bell - Trustee
The notes form part of these financial statements
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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 an 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost Plant and machinery - 20% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.7.24 | 31.7.23 | |
| £ | £ | |
| Deposit account interest | 1,544 | 565 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Nursery Staff Manager No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Nursery Investment income Total EXPENDITURE ON Charitable activities Nursery NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.7.24 31.7.23 16 16 1 1 17 17 Unrestricted fund £ 1,500 275,537 565 277,602 305,825 (28,223) 175,860 147,637 |
|---|---|
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
6. TANGIBLE FIXED ASSETS
| Improvements to Plant and property machinery £ £ COST At 1 August 2023 and 31 July 2024 13,366 29,041 DEPRECIATION At 1 August 2023 10,693 12,173 Charge for year 2,673 7,110 At 31 July 2024 13,366 19,283 NET BOOK VALUE At 31 July 2024 - 9,758 At 31 July 2023 2,673 16,868 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 9. MOVEMENT IN FUNDS At 1.8.23 £ Unrestricted funds General fund 147,637 TOTAL FUNDS 147,637 |
Computer equipment £ 2,090 1,826 139 1,965 125 264 31.7.24 £ 2,000 5,000 7,000 31.7.24 £ - 3,639 3,639 Net movement in funds £ 6,199 6,199 |
Totals £ 44,497 24,692 9,922 34,614 9,883 19,805 31.7.23 £ 2,000 - 2,000 31.7.23 £ 4,962 3,696 8,658 At 31.7.24 £ 153,836 |
Totals £ 44,497 |
|---|---|---|---|
| 24,692 9,922 |
|||
| 34,614 | |||
| 9,883 | |||
| 19,805 | |||
| 153,836 |
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 344,764 344,764 |
Resources Movement expended in funds £ £ (338,565) 6,199 (338,565) 6,199 |
Resources Movement expended in funds £ £ (338,565) 6,199 (338,565) 6,199 |
|---|---|---|---|
| 6,199 |
Comparatives for movement in funds
| At 1.8.22 £ Unrestricted funds General fund 175,860 TOTAL FUNDS 175,860 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 277,602 TOTAL FUNDS 277,602 |
Net movement At in funds 31.7.23 £ £ (28,223) 147,637 (28,223) 147,637 Resources Movement expended in funds £ £ (305,825) (28,223) (305,825) (28,223) |
At 31.7.23 £ 147,637 |
|---|---|---|
| 147,637 | ||
| (28,223) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.8.22 £ 175,860 175,860 |
Net movement in funds £ (22,024) (22,024) |
At 31.7.24 £ 153,836 |
|---|---|---|---|
| 153,836 |
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 622,366 622,366 |
Resources Movement expended in funds £ £ (644,390) (22,024) (644,390) (22,024) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
An employee and a member of the senior management team is also a trustee and received a salary in the band of £30,000 to £40,000 and pension contributions of 3% in the year for their services as a manager.
Including a member of the senior management team on the board of trustees improves the decision making by the board. The employee would be excluded from any trustee discussions directly concerning their employment.
An employee, related to one of the trustees by marriage, received a salary in the band of £0 to £10,000 and pension contributions of 3% in the year.
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ROOSE NURSERY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| 31.7.24 | 31.7.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 1,100 | - |
| Grants | 1,500 | 1,500 |
| 2,600 | 1,500 | |
| Investment income | ||
| Deposit account interest | 1,544 | 565 |
| Charitable activities | ||
| Fees | 133,463 | 99,233 |
| Donations | - | 18 |
| Grants | 207,157 | 176,286 |
| 340,620 | 275,537 | |
| Total incoming resources | 344,764 | 277,602 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Wages | 249,815 | 211,566 |
| Social security | 3,476 | 7,458 |
| Pensions | 4,914 | 4,385 |
| Rates and water | 889 | 774 |
| Insurance | 1,785 | 1,754 |
| Telephone and internet | 4,365 | 14,900 |
| Postage and stationery | 136 | 123 |
| Sundries | 336 | 960 |
| Rent | 23,754 | 13,338 |
| School lunches | 13,007 | 13,304 |
| Repairs and maintenance | 1,199 | 746 |
| Membership and subscriptions | 1,064 | 1,497 |
| Health and safety | - | 434 |
| Resources | 16,427 | 13,465 |
| Trips | 915 | 1,681 |
| Uniforms | 339 | 616 |
| Training | 723 | 2,325 |
| Computer expenses | 3,968 | 4,432 |
| 327,112 | 293,758 | |
| Finance | ||
| Improvements to property | 2,673 | 2,673 |
| Plant and machinery | 7,109 | 7,109 |
| Fixtures and fittings | 139 | - |
| Carried forward | 9,921 | 9,782 |
This page does not form part of the statutory financial statements
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ROOSE NURSERY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| 31.7.24 | 31.7.23 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Brought forward | 9,921 | 9,782 |
| Computer equipment | - | 690 |
| 9,921 | 10,472 | |
| Governance costs | ||
| Accountancy and legal fees | 1,532 | 1,595 |
| Total resources expended | 338,565 | 305,825 |
| Net income/(expenditure) | 6,199 | (28,223) |
This page does not form part of the statutory financial statements
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