REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
FOR
ROOSE NURSERY
ROOSE NURSERY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
ROOSE NURSERY
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025
TRUSTEES Mrs S Biddle Mrs J Redhead Mrs V Bell PRINCIPAL ADDRESS Roose Nursery North Row Barrow-in-Furness Cumbria LA13 0HF REGISTERED CHARITY NUMBER 1142844
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
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ROOSE NURSERY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
The trustees present their report with the financial statements of the charity for the year ended 31 July 2025. 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.
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ROOSE NURSERY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
ACHIEVEMENTS 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 are building on the partnership with our multi- disciplinary team which consists of an Occupational Therapist, Counsellor, Trauma Specialists and Sensory resources specialist.
We are working in Partnership with the family hub, providing summer fun days for children and families of children with additional needs.
We continue to buy resources to enhance and replenish the nursery so we can offer the very best environment for all children.
The new sensory room was installed in the financial year ending 31 July 2025.
In the current year we have continued to purchase outdoor equipment to enhance the outdoor play areas. The latest equipment being a set of monkey bars.
The DDP is becoming embedded enabling us to have be able to monitor children's emotional wellbeing better and to put in place strategies.
We are working with an occupational therapist and we are now able to get a sensory assessment for any of the children within the nursery.
We are compiling a course for Parents/carers and other professionals with the aim of educating them to meet their self-care/regulation needs and how to meet those needs of their children.
This year we have also purchased and had a new yurt installed on the nursery site which offers the children within the nursery more space for small group work but also offers us the provision to set up our SEND lending library and outreach provision for SEND families.
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 £482,007. Nursery expenses are £428,643. Overall there was a net surplus contribution to reserves of £53,364.
Reserves policy
Our policy is that the Nursery has enough free reserves to cover 4 months of fixed costs.
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.
We also plan on creating a bigger baby room to accommodate the growing demand for places.
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ROOSE NURSERY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025
FINANCIAL REVIEW
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 7 July 2026 and signed on its behalf by:
Mrs V Bell - Trustee
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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 2025.
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
7 July 2026
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ROOSE NURSERY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025
| 31.7.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,130 Charitable activities Nursery 476,276 Investment income 2 1,601 Total 482,007 EXPENDITURE ON Charitable activities Nursery 428,643 NET INCOME 53,364 RECONCILIATION OF FUNDS Total funds brought forward 153,836 TOTAL FUNDS CARRIED FORWARD 207,200 |
31.7.24 Total funds £ 3,068 340,620 1,544 |
|---|---|
| 345,232 | |
| 339,033 | |
| 6,199 147,637 |
|
| 153,836 |
The notes form part of these financial statements
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ROOSE NURSERY
BALANCE SHEET 31 JULY 2025
| 31.7.25 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 61,336 CURRENT ASSETS Debtors 8 2,000 Cash in hand 147,553 149,553 CREDITORS Amounts falling due within one year 9 (3,689) NET CURRENT ASSETS 145,864 TOTAL ASSETS LESS CURRENT LIABILITIES 207,200 NET ASSETS 207,200 FUNDS 10 Unrestricted funds 207,200 TOTAL FUNDS 207,200 |
31.7.24 Total funds £ 9,883 7,000 140,592 147,592 (3,639) 143,953 153,836 153,836 153,836 153,836 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2026 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 2025
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.
| Freehold property | - 20% on cost |
|---|---|
| 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.
Grants
Grants received are credited to the profit and loss account in the financial period in which they are received.
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.7.25 | 31.7.24 | |
| £ | £ | |
| Deposit account interest | 1,601 | 1,544 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31.7.25 | 31.7.24 | |
|---|---|---|
| Nursery Staff | 18 | 16 |
| Manager | 1 | 1 |
| 19 | 17 | |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 3,068 | |
| Charitable activities | ||
| Nursery | 340,620 | |
| Investment income | 1,544 | |
| Total | 345,232 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Nursery | 339,033 | |
| NET INCOME | 6,199 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 147,637 |
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED FORWARD
Unrestricted fund £ 153,836
6. INDEPENDENT EXAMINATION
The financial statements include the Independent Examiner's fee of £2,184 (net of VAT) payable to J F Hornby & Co.
The Independent Examiner provided a concessionary reduction by way of donation of £1,092.
7. TANGIBLE FIXED ASSETS
| Improvements | |||||
|---|---|---|---|---|---|
| Freehold | to | Plant and | Computer | ||
| property | property | machinery | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 1 August 2024 | - | 13,366 | 29,041 | 2,090 | 44,497 |
| Additions | - | 40,724 | 32,201 | - | 72,925 |
| Reclassification | 54,090 | (54,090) | - | - | - |
| At 31 July 2025 | 54,090 | - | 61,242 | 2,090 | 117,422 |
| DEPRECIATION | |||||
| At 1 August 2024 | - | 13,366 | 19,283 | 1,965 | 34,614 |
| Charge for year | - | 8,145 | 13,205 | 122 | 21,472 |
| Reclassification/transfer | 21,511 | (21,511) | - | - | - |
| At 31 July 2025 | 21,511 | - | 32,488 | 2,087 | 56,086 |
| NET BOOK VALUE | |||||
| At 31 July 2025 | 32,579 | - | 28,754 | 3 | 61,336 |
| At 31 July 2024 | - | - | 9,758 | 125 | 9,883 |
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.8.24 £ 153,836 153,836 Incoming resources £ 482,007 482,007 At 1.8.23 £ 147,637 147,637 |
31.7.25 31.7.24 £ £ 2,000 2,000 - 5,000 2,000 7,000 31.7.25 31.7.24 £ £ 3,689 3,639 Net movement At in funds 31.7.25 £ £ 53,364 207,200 53,364 207,200 Resources Movement expended in funds £ £ (428,643) 53,364 (428,643) 53,364 Net movement At in funds 31.7.24 £ £ 6,199 153,836 6,199 153,836 |
31.7.24 £ 2,000 5,000 7,000 31.7.24 £ 3,639 At 31.7.25 £ 207,200 |
|---|---|---|---|
| 207,200 | |||
| 53,364 | |||
| 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 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 345,232 TOTAL FUNDS 345,232 A current year 12 months and prior year 12 months combined position is as follows: At 1.8.23 £ Unrestricted funds General fund 147,637 TOTAL FUNDS 147,637 |
Resources Movement expended in funds £ £ (339,033) 6,199 (339,033) 6,199 Net movement At in funds 31.7.25 £ £ 59,563 207,200 59,563 207,200 |
Resources Movement expended in funds £ £ (339,033) 6,199 (339,033) 6,199 Net movement At in funds 31.7.25 £ £ 59,563 207,200 59,563 207,200 |
|---|---|---|
| 6,199 | ||
| At 31.7.25 £ 207,200 |
||
| 207,200 |
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 £ 827,239 827,239 |
Resources Movement expended in funds £ £ (767,676) 59,563 (767,676) 59,563 |
Resources Movement expended in funds £ £ (767,676) 59,563 (767,676) 59,563 |
|---|---|---|---|
| 59,563 |
continued...
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ROOSE NURSERY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025
11. 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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