REGISTERED COMPANY NUMBER.. 07983185 (England and Wales) REGISTERED CHARITY NUMBER: 1147559 ort of thè Trustèès and Financial Statements for the Year Endod 31•1 Au ust 202 for
PUDDLEDUCKS NURSERY AND PREcHOoL UPAITED CONTENTS OF THE FINANCIAL STATEMENTS Pag9 Refèrènce and Administrative Detsi Report of th• Truste•s 4 to 6 Rèport of the Indèp•nd•nt Au(liio Statement of Flnancial Activities 10 Balance Sheet Cash Flow Statement 12 Note$ to the Cash Flow Slatement 13 Notss to the Financial Statements 14 to 20
PUDDLEOUCKS NURSERY AND PRE4CHOOL UMITED REFERENCE AND ADMINISTRATIVE DEfAILS RegiBtered Company nwnber 07983185 (Engand and Wales} Registsred Charity number 1147559 Registered office Pewsey Primary Schwl kx)l Road Wjlts SN9 5EJ Trtte8. Nicola Gilbert cCline 8aynes (appoin 4 Mard) 2024) Dan1 CLark lapwnted 14 Jan 2024) Cheryl James (resigned 24 Jan 2025} Karen Slwekjs (apkM)inted 14 Jan 20241 Wendy Spencer lappointed 14 Jan 2024) nda TraprEII latwnted 14 Jan 2024) Roger te lapF¥)inted f4 Jan 2024) Beverly Smith Iresigned 14 Jan 20241 Senior Management Team- Amy SI Company Secretary.. Helèn Johns( Audltors: Sumer Auditco mited Statutory Auditor Chartered Accountants County Gate Courtty Way Trowbridge Wltshire BA14 7FJ Page13
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The IDJstè8s who are sts dtrectofs of thè charity kn thè purpo of thè Compan$ Ad 20c, presènt their report with the ffnancial statements of the charity for the year ended 31 August 2024. The irustees have adopted the provisions ot Accounting and Reporting by Charrfies." Statement of RecommeThJed Practi appliCae to charities preparing their accounts in accordance with the Financial Reporting Standard ap[Aab in the UK and Republc of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The princip81 actwty of the 0panY 15 provision of nursery ore and edwti)n for babies and w&school children. Public benefjt Th& trustees confim that thèy have compled th the requirèments of seclion 17 of the Charitiès Ad 2011 to havè duè regard lo wblic bènèfft guidancé publishèd by Chaiity Commi&sttin for Ernglar 8nd Wales. Aims and perforniance: Puddleducks Nursery aims to provbje high qualty. affordab and ilNe chilthare for children from birth to five. in a safe and supportive environment, offering stimulatir¥J and rewarding acliviknes forall abilibes and where staff are supported and rewarded and partnerships with parerts are forged. The Nursery is registered with OFSTED which monitors the naty1 stsndards of thildcare provision and education and rocewed a rating of good in all areas al the last inspection in Seplember 2022. ACHIEVEMENT AND PERFORMANCE In September 2022 the Nursery joined with King Afred A(aYemy TrLSSt. This mve has resulled in closer w¢ikiThJ with Pewspy Primary S¢101 lo delNet a roun¢Jed CU1cUlUrn arKI seamkss experienGe fot parents as theirthild transitions from the Nursery into Pe¥eY Primary Sd)0. In addition. Ihe trust have len abk to provide in depth training, development and support forour staff in areas s[ as SEN, saleguarding and finance, addthonalty shariNJ space and resources across the Trust e.g.. Sports Day aThJ Christmas Pr0dL1th forthe nuwry was hekl on the Primary School site to faalitate larger numbers. The past year has seen an increase in children attendg and the Nursery is now atfull capacitywth waing lists for babies and toddlers. Due to increased numbers, the affter-xhool thb is hdd on the Pewsey Primary site in the school hall and also uses Ihe grounds and equipwEnt that are aJe appropTiate for the thildren. In lolal we employed 19 staff throughout the year. Nine staff hold a relevant eady yearfs qualrfKation, one of whom hokls a levol 4 qualiffcalion and ¢)ne a level 5. Stsff are encouraged to devek)p and maintain their skills, we appointed an apprentice as planned during the year and SI (xjrrentty being supported to complete her Level 3 apprenticeship. she has completed her Level 2 sUsSIu11y. We have been able lo redecoralod the entrance lo the building in neutr cok)urs this year. to provKle a calming welcoming environment for our chi. We plan lo replaGe the carpets and Ilooring in the rwms next year. Going Coneèm PTedided attendance rwn8wi$ good and the trustees have a reasonable exrectstlon that the Nursery ha$ adequate Fesourc to C4)nlinue in Operation existence for the foreseeable fulure. For this reason. rt continue5 tol adopt the going oncem basis in preparing the finanryal slatemerrts. FINANCIAL REVIEW Financial position The NuTsery had an irpyear gjrplus of £14.443. At the 31 August 2024 ihe actual position was £52,41312023 £37.9701_ Totsl incorne for the 12 month period was £337.17712023.' £314,428). Total expenditure was £322,73412023- £340,628). King Alfred Trust took over Ihe lease of Puddleducks NLFrsery from Wttshire Ccyjnal on a 27 year remainin9 temi in September 2022. Investrnent policy l fvnds to irnmediale requiremwls are invested to ryb.mal efled. Rèsèrvèg policy It is the policy to maintain suffvenl reserye5 to cover operaling costs in the short tem). At Ihe end of the reporting pgriod. total fuThJs held are £52.41312023.' £37.9701. The Nursery reserves are not included wthin Ihe reserves policy of King Alfred Trust. Page14
PUDDLEDUCKS NURSERY AND PREcHOoL UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Princlpal risks and unCertaineS The prinapal risks fariro the Nursery are 85 folk)ws.' Financial - a fall in intske Uld rwll in Nursery iw)ming finarKialty unstsinable. The budget is ts"ghtly monitored and regularfy vpdaled ialesl forecasts. Stafflng- the sutt&ss of the Nursery is depermknt on Ihe quality of tis staff and Ing able to recruit enough in a current Tecruilm¢nl Gtisis. The ttustee5 rnOnEt policres aThJ procedure5 to ensure continued developmenl and liaining of staff and ¢lear suc¢ession planning. Safeguarding and child protsction- the trustees continue to ensure hvJhest standards are maintained in the selection and monitorthig of staff. the operation of thild prolection polKies and procedures, health and safety and discipline. FUTURE PLANS The Nursery will continueto rk dosdy wtth Pewsey Prrmary &*oc4. the wrap around care will rA)ntinuÈ to be developed nd èxpÈndÈd, dLtated by nèèd. 8re awarè of the eA)nb"rtuÈd nÈÈd to bè 8blè to offèr wrap around care for all our fatnilios by Seplemtxr 2026 IrTJm 8 - 6. %tting will tIn lo work tovraids WEditation for 'The Curiosrty Appfoach., an acueditalion recognising curiosrty, awe aTh1 wondei in Early Years aThJ is providing the staff wilh opportunth"a$ to ieview and refl8d on thèir provision. environmènt inquisitive moments for children. We are Creating the 'thinkers'. inv•stigators and doers ol the fijture. We will continue ¥th our r&decoration programme of vpjal'ng the settiThJ ensuring it is an inviting and calming Sp for our children. The Nursery will continue to enhance and develop links with the schcd. ts eXarnp IE is hoped that thi8 year the Forest School provision can be ulilised T frequently by thè Nurse tskn.ng a¢fv8ntage of the building and rts tsuliii8s and developing stronger links. STRUCTURE. GOVERNANCE AND MANAGEMEP Govemlng document The charity is controlled by its govemitwJ docJJment. its MemorandLm and Artth ofAsscriation. and constitutes a limited company, IRnit¢d ty 9uatantee, as deffingj in the CcMnpanie$ Act 2c. The ¢harity was incorporated on 9 March 2012. Recruitment and appointment of new trustees The Directors of the Nursery are also charty tnJstees for Ihe purposes of charity law. Under the qUIrementS ofthe Memorandurn and Artides ofassoriation the trustees are elecled lo seNe for a period offwr years after which they rnust be re&ele¢Xed at Ihe next Annual General Meeling. Organisational structure and how the charity makes decislons King Alfred Trust is the parent coryany and le member of Puddledwks Nursery and Pre Sthol. King Alfred Trust holds 100% of the voting rights of the Nursery. The board of trustees meets up to 6 times a year. Induction and trdlnlng of new tntseS The training atxl inducbon of new trustees will depend upon their existing experietKe but would always include a tour of the Nursery and a cha)ce to meet stsff and children. Al tnjstees receNe coeS of policies. wocedures and minutes and finaal infomwlion required lo undertake r rok as trustees and an existing truslee is appointed as a mentor lor the first 3 Thnths. Rlsk managèmènt The trustèès wtinuè to review the may)r stratwc. tMJ&nÈ&% and opèrati(ml risks whth the Nursery faces. The risk register is review&Y at &8¢h boaid meetyng. Arrangements for setting remuneralion of key management personnel The trustees review the pay of key management personnel annually. Pay increases are awarded on the basis of a successful perforMae management review. Pagè15
PUDDLEDUCKS NURSERY AND PRESCHOOL UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Fundrnl$lng $tsndard$ infarniation The Nursery does nol use any extemal fvndraisers. All ffijndraising uTrJertaken during the yw was monitored by the truslees. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the diredors of Nursery And Pre-school Limited for the purF4)ses of CCtrTnparry 18wI are responsible for preparing the Report ol the Tvustees and ffinancial statements in accotdance with applicablè law and United K¥ydom Acc(xJnting SlarKlards (United Genevally Apted Accounting Practi}. Company law requires the truste•s to prepa finaftu statements for each financial year which gNe a twe and fair view ol the state of affairs of the charitable company and of ihe Incoming rerCeS and application of resources, including the incom¢ and expenditure. of the dtaiitable CoMpY for thal perwJJ. In pparing thc6e financial stalements, the trnstees are required to select suitable accounting poli&es and then appty them Cons., observe the Methods and principles in the Chaiity SORP.. make judgements and estimates that are reasonab arKI prudent: prepare the financaal slatements on Ihe basis unss it is inapwopti¢ to w¢$ume that the charitab company will continue in busness. The trustees are responsiblè for kèèping prwr acrA>unting réexjrds vthich dis(kn with reasonable accuracy at any time the fin8ntyal posib.on olthg charitabl¢ company and to enable them to ensure that the financial statements cornply with the Cornp8nie5 Ad 2006. They are alsD spOnsItIe for safeguarding the assets of the charitable company and heneè for taking reasonable sleps for the prevenb.on and detecknn offraud and other irregularibes. In so far as the trustees are aware.. there is no relevant audit lnf0miatn 0fwhh the drItab compans auditors are unaware.. and the trustees have taken 1 steps thal they oughl to laken lo make themsetves aware of any rel¢vant autht inf0mtIOn and to establish that the auditors are aware of Ihat infwma1lc. AUDITORS The auditors., Sumer Auditco LFmiied. will be proposed for appOintrnenl al Ihe forthc>ming Annual General Meeting. Approved by order of the board of trustees nd 5wned on its behalf by". Nicnl Gilrt- Trustee Page16
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMITED REPORT OF THE INDEPENDEKf AUDrroRS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL LIMITED Opinion We have audited the ffnanual statements of PuthYledud(s Nursery And Pre-school rnited Ithe 'tharitable company'l for thè year ènded 31 August 2024 whid) ¢mprise the Statement of Fin8ntAal A¢X1Vès, the Balancè Shèèt, the Cash Flow Ststement and notes to the financial 5tstement$. Ind"n9 a summary of signfft8nl accounting policies. The financial reporting framework that has been applied in1heii preparation Is apptKable law and Uniled Kin9dw knounting StaThJards (United tfjngdom Generally Aepted A(thUnt9 Prthl. In our opinion thè finantial statèmènt$". gtve a Itue and fair view of the State of the charitaL4e corryanls affai[5 as at 31 August 2024 and of its incomi resources and appltiOn of resources. induding its income and expenditure, for the year then ended., have been properly prepared in accordatKe wlh United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wilh the r)lreMents of the Companies Acl 2(. Basls for oplnion We conducted our audit in aco)rdance wilh Inlernational Standards on AUd.g {UK) {ISAs IUK)} and appli(>ble law. Our responsibilits under those standards are fvrther described in the Auth'lors, responsikn'lities for the audit of the finanual statements section ol our report. We are independent of the charitable wmpany in accorilance with the ethical requirements that are relevantto our audit of the finr1 staternents in the UK, induding ts FRC'S Ethic21 Standard, and we have fulfilled our other elhi¢al nSIbil in ar¢ordano with these requifymenls. We believe that the audit evidence we have obtsined is sufficient 8rhY 8ppropri8le to kKovide a basis f¢y our opinion. Conclusions relating to going eonewn In auditing the financial stat&m8nls. we have conduded Ihat the tntstees, w of the 90ing concem basis of cOUntIng in the preparation of the fin8nGial ststetnenl$ Is appiopriale. Based on the work we have perfomied, we have identiW any material uncertainties relaling to events or conditiciis that, indNidually or collectivety, may st svJnificant dcJbl on the charty's ability to )ntit)ue as a going concern fora period of at least 1Ve months from when the financ1 statements are aUth0ns for issue. Our responsibilities and the responsibiliis of the trustees wilh respect to going concern are described in the rdev8nl sections of this report. Other inforniatlon The trustees ale responsible for the other infr)rmation The other information uJmpw5 the information r[wjyed in the Annual Report, other than the ffinsl$l stslerrEntS 8nd our Report of the Independent Auditor5 Ihereon. Our opinion on the financial statements rk)t coverthe crther inforrnalion and. exceptlo the exient olherwisè eXplicY st81ed in our reporL we do not express any forrn of assurance condusM)n thereon. In w(110 with our 8udit ofthe finan¢ial $laterTrJts, Qui respwsrtjilty is lo read Ihe ottw informalK)n and. in doing so, consider whether the other infotrnation merialty inconsistent with Ihe finanaal statements or our knowledge Dbtained if? the audit or otherwise appears to be materialty mÈsstated_ If we Klenlify such rnaterial in¢x)nsislencies or apparènt matèrial mig5tatements. WÈ arè rÈquirÈd t(> dÈtemiinè whether thi5 gNÈ5 risè to a material misstatemènt in the finanaal latements themseeS. If. based on work we have perfowmed. we (x)ndude that Ihere is a m81owi81 misslatoment of this other information, we are required to report that fact have rthIng lo report in this regard. Opinions on other matters pscribed by the Companies Act 2006 lrt our opinion, based on the work undertakén in the Urse of the audrt.. ihe inlorniati given in the Report of the Trustees for the financi year forwhth the financial statements are prepared is consislenl with the ffinancial slatements.. and the Report ofthe Trustees has been prepared in acu)rdan wtth aFvkable legal requirements. Page17
PUDDLEDUCKS NURSERY AND PRE-SCHOOL ED REPORT OF THE INDEPENOENY AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL LIMITED Mattern on whi¢h we are required to report by exptiOn In the light of the knovA¢dge and understsnding of ts rtable Gompany and its ¢nlonMent obtsined the course of the tudit, we have nut ident[[ material misstatements in Ihe Report of the Trustees. We have nothing to rèport in fftspect ofthe following matters wher& the Companies Act 20( requires us to Teport lo you il, in our opinion.. adequate accounting reccwds have not been kept or retums adequate for our audit have not been received from branches not visited by us., or the finanaal statements are not in agreemet)t wth the aco)unting CordS and returns- or certain disdosures of trustees. remuneration speryfied by law are not made,. or we have nol reiVed all Ihe informatÈw and explanatK)ns we require for our audit.. or the trustees were not enb.lled lo t&ke adv8nt•3e of the small cx)mpan*$ exemptyon from the reqUirent to ppare a Strategic Report or in prep3rirvJ the Report of the Trustees. Responsibilitres of trustees As explained morè fijlly in thè Statement Of Trustees, R&spOnbAltIes, th8 trustè6s {who are also the directors of the haritable company for the PUryK)ses of c(Ynpany lawl ale iespollsib ft)r the preparation of the finalloal statements and for being satisfied that they gwe a true and fair viert. and far inlemal Lx)ntrol a5 the trustees determine is necessary to enable the preparation of finanoal statements Ihat a free from material misstatement. vthether due to fraud or error. In preparing the financial statements, the trLtsieesare respsIble1Ora$sesSlngthe tharitat4e companvs abiffity to continue as a going concern, disclosing, as applThble, matters reLated to goiThJ concem and u&ng the going concern basis of accounting unless the trustees either intend lo liquidate Ihe chaiitabte company of to cease operatKJns, or have no rea5isb"¢ alternative but to do so. Page18
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMITED REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY ANO PRE- SCHOOL LIMITED Our responsibilities for the audit of thg financial $taterrtents Our objectNes aielg obtsin reasonabteassuiance abOUtwlherthefin3nQal statements as awhole arefreefrom materi misstatement, whether due to Iraud or error, and to i&sue a Repc¢( of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level of assurance. bLtt is not a guarantee that an audit conducted in accordance with ISAS IUKI will always d¢tect a matefial misstatement when it exists Misstatements can arise from fraud or error and are conSided mateiial rf, indNidualty or in the aggregate. they could reasonabty be expected to infiuence the economic deciSn$ of users taken on the basis of these finawaj slatements. The extent to which our procedures are pab of detecing irregulaiities, induding fraud is detailed below.. 8a$ed on our understanding of the charity and thÈ proVin ofpfe s(knl ser¥r&, we iderttfiÈd that the prinapal risks of nonmpliance with laws and regulations related io safeguarding. health and safety, employment law, C9rnpanies Act 2006 and Charity Law, and we consideredthe extentto which non-ox)mp1kAn might have a rnaterial effect on the financial statements of the charrty. We also considèrèd those laws arKI iegulatTrons that havè a dire(X irryjact on the preparation of the naal ststemènts such as thè Companies Ad 2LKK aNI the Charibes Statèmtt of Rècommended PraciKe. We evaluated managwnenfs in(%ntives and opportunthes forfraUdenI manipulation of the finanual statements linduding the risk oloverrideofcorrtrolsl and detemwned thatthe priwpal riskswere related to enL)e recognilion and management override. Audit produreS perfom)ed by the audit engagement dded.. discussions with management. induding consideration of known or SLtspected instae$ of non-compliance with Jaws and ulationS and fraud", - understanding and review of managenEnfs tntemal Cr designed lo prevent and detect iegulalIes. and fraj.. - review of the minutes of the Trustees meetings.. - designing audit procedures to incorporate unpredKtaknlty'. - performing analytical procedures to identity any unusual or Xpected relationships that mHJht Ilute risks of m8tèrial misstatement due to fraud.. - reviewoflhe finan81 statements rfis¢losuie$ and testingt05UPFOrtirvJ d(urwtsb"on t08sses$¢ompliarW1Ih relevant laws and regulations discussed above- - enquiring of the Trustee5 arKI third-party advis(xs atxjut aLknal and potenti libgatign a1 claims,. - testing transactions Èntèred into Outs tsf thè normal ethjrsè of the charity's businèss, 8nd - identifying and lesb'ng joumal enln'es. in partiular any Jcwmal fraud ¢hara¢t¢ristics $Lth 9$ pumals with round numbeT5. There ar• inhèr8nt limitations in the audit pK[edUreS descritd above and thè further removèd non-compliance with laws and regulatsons is from Ihe evenls and the transac(N)ns rellected in the finartia stalentS, the less l¢kely we would become aware of It. Also. the risk of Th)t detecting a matenal misstatemenl due to frau(J Is higher than the risk of not detecting one su[tIng from efror. as fraLMJ may invofve deltsrate (y)ncealment by. for examp. forgery or intentÉonal misrepresentations, or thcough coMuOn. A further descriplion ol oui resp)nsilxlities for the autht of the financ4al ststemenls is located on the Financial Reporting Counol's website at www.frc.org.uk1auditorsresp)rrit¥"lit. This description forms part of our Report of the Independent Auditors. Use of our report This report is tHade solely to the charilable CoMpanS members, as a boty, in accOrdanWith Chapter 3 of Part 16 ofthe Companies Act 20LE. Our audit has been uThJertaken so thal we mighl stale to the charitat4e company's members those matters we are required to state tothem in an auditors, rewl and for no other puSe. To the fullest extent pemiitted by law, we do not accept or assume respowbilty to anyone other than the charitable company and the charilable company$ memtxrs as a boty. for our audit work. for this reFKrt or for the opinTrons we have fomied. James Ga FCA DChA Isenior Stslulory Audrtorf) for and on behalf of Sumer Auditco Lim(ted Slalulory AlItOr Chartered Accountants County Gate County Way Trowbridge Wiltshi BA14 7FJ Dale= . P8ge19
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total lun(ts 2023 T¢lal funds Unrested fund Restred fun(ts Notes INCOME AND ENDOWMENTS FROM Donatiorts and1È9acie$ Investment Inwffle 217 Charitablè actlvitlès Nursery and Pre-school 336.769 336.769 314.211 Total 337.1TI 337 177 314.428 EXPENDITURE ON Charitsblg activitig Nursery Pre-school NET INCOMEIIEXPENDITURE) Transfars bètwÈ•n funds 17 Ngt movement in fvnd8 14.443 14.443 126.21JOI RECONCILIATION OF FUNDS Total funds brought forward 37.970 37.970 64.170 TOTAL FUNDS CARRIED FORWARD 52,413 52,413 37.970 Page110
PUDDLEDUCKS NURSERY AND PRESCHOOL UMITEO REGISTERED COMPANY NUMBER.. 07983185 (England and Waltsl BALANCE SHEET AS AT 31 ALIGUST 2024 2024 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in nd 13 4,451 62.3 3,533 73,646 66.841 77,179 CREDITORS Amounts lallng due wthin one yeai 14 114.428} {39,2CS) NET CURRENT ASSETS 52.413 37 970 TOTAL ASSETS LESS CURRENT LIABILMES 52,413 37,970 NET ASSETS 52,413 FUNDS Unrestricted fijnds Restricted funds 17 52.413 37,970 TOTAL FUNDS 37,970 These financial slalernents have been prepared in 8ccxxdance with Ihe [5¢On6 awicatle lo charitable oxjrnpanios subject to the small o)mpanies regime. Thè ffinanthal statemènts wère approveil by the Br*rd ofTrustees athh0ri5ed for issue o and weig signed on tts hall by.. Niix)I ilbert- Trustee Pagel 11
PUDDLEDUCKS NURSERY AND PRE4CHOOL UED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Noies Cash flows from operating actlvitles Cash generated from operations 2,549 Net cash provided by operatiro activities 2.549 Cash flows from investing activities Purchase of tangible fixed assets Net cash provided byllused inl investing actrt$ 217 11.2) 2766 Changè in eash and eash equIvallts in thè rtportlng pèriod Cash and cash 8quivatents at the bEginning of the reportlng pertod 73,646 70.880 Cash and ¢a$h equivat¢nts at the end of 2 the reporting period 62.3 73,646 Page112
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMttED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 RECONCIUATEON OF INCOMEIIEXPENDITURE} TO NET CASH FLOW FROM OPERAnNG ACTIVITIES 2024 2023 Net In¢omellgxpgnditurg1 forthÈ reporting perlod {as p•rthe Ststsment of Financial Activitie5) Adjustments for= Interest Received Decreasellincreasel in deblors (Decteasellinca$e in cdItC 14.443 P6,200) 14081 (9181 12171 I3,5) 32,499 Net ca$h Pfovidtd by operatlons 11,e64 2,549 ANALYSIS OF CHANGES IN NET FUNDS At 1_9.23 Cash Ilow At 31.8.24 Net cash Cash at bank and in harKI 73.646 11.256 62,390 Total 62.390 Page113
PUDDLEDUCKS NURSERY AND PRE-SCHOOL LIED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATUTORY INFORMATiON Puddleducks Nursery and Pre-SthLwJI is a dritablE company limiled by guarantee, without share capital, thè company registration numkv and registered address ale grwen in the trustees report. ACCOUNTING POUCIES Basis of preparing the financial ststements The fjnancial statements of the charilabk company. is a pulAK benefft enbty under FRS 102, have been prepared in accordan wrfh the Charities SORP IFRS 1021'AccountirJ and Reports'ng by Charities.. Statement of Recommended Pra1 applicable to charities preparirMJ theiraccounts in a(xord8nce ¥Ath the Fina[la1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2D191'. Financial Reporting Standard 102 The Financial Repothg Stsndard applcabk in the UK artd Republic of Ireland. the Companies Act 20CE. The financial statements have been prepared undet the hOrIal cost convention. The financial statements are prep8red on a Xg basis undèr thè htsioncal Cost fA)nvÈntion. mt)Jified to Fndude certain items at fail valuè. The finantsal st8tements are prepared in sterling which is the functional Currency ol the char5ty and rTJunded to nearpst pound. There are no 5ignifKxnt areas of judgements or kÈy sourcès of estimation uncèrtainty. Golng eonc•rn The trustees assess whether the use of going concem is appwiate i.e. whether there are any matsrial uncertainties related to events or conditions that may cast SIan1 doubl on the ability of the charitatrAe company to continue as a goiro concEm. The truslees rnake this assessment in respecl ofa period of al least one year from the date of authorisation for issue of the financial statements and have concluded Ihat the charitable company has adequate re%)urces to continue in operatKJnal exIstere forlhe foreseeable futura and there are m material uncertainties aboul the Charitab CoMpanS ability to continue as a g)ing ¢on¢em, thus they continue to adopt the gOg o)ncern basis of account in prewing the finanoal ststements. Income All income is rèctranised In thè Statement of Financial Activrfiès th8 d)arity has entil8ment to the funds, it is probable that the InCe will be rth¥ed and Ihe amwnt w bo measurgd 1abty. Income fiom government and other grants. whetheT 'Wrt3f gra)ts or 'venUe. grants. is recognised when the chaity h8s ent1uemI to th• funds, any perf0mlae CondOnS attached to ihe grants have been met, it is probablè Ihat inttjmè wll bo e&ved and the amouftt measured reliabty and is not deferred. Expenditure Liabilib"es are recognised as expenditure as sty)n as there is a legal orconstructNe ObabOn committing the charity to that ÈxpÈnditurè, it is probable that a transfer of econom b8nefits 11 be required in setdement and the amount of the obligation can t¢ measuied rdiably. Expenditure is a¢)))unted for on an accruals basis and has been sstfi¢( undw heading5 that aggregate 1 cost relate(I to the category. costs cant be directly attribÈd to parti¢ular headings they have been amocaknl to activities on a basis Consistentth the use of resources. Irreth)vèrydble VAT is (arged agairtst the 6xpenditure hIng for which it was incJJrred. TangÉble fixed assets Assets costing £1,0(K) (K more are CAtMtslised as tangible e asset5 and a carried at CA)St. net of depreckgtion. Depreciation is providèd at the flon9 annual r8tÈs in ordèr to write off èath asset Liver its Èstimated usefvl lile.. Long leasehold buildings 15 to 100 yea Leasehold Improvements 20 years Fixtures, fittings 1pment 5 years IT equi1 3 years Puddleducks Nursery and Pre School leased tre tli1dlng frTr Wltshire Counc41. In Seplemter 2022, the Nursery joined King AlfrÈd Trust WI at that wnt took over the remainirKJ 27 year lease from Wltshire Council lor nil consideration. Taxatlon The charity is exempl from CofF0rat)Tr tsx on ils ctharlixb aws. Page114
PUDDLEOUCKS NURSERY AND PRE-SGHOOL UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI AUGUST 2024 ACCOUNTING POLICIES- connyed Fund accounting Unrestricted fund8 can be used in 3(x>rilK vrilh the chaiitable obpcbves at the discretion of the Iruslees. RestsiGted fund5 can only t Ltsed for partw)Jlar $ti1Cted purposes within the objects of the charty. Re$iri¢tions arise when speufied by the dorKJr or when fijnts are ra¢sed for pariicular restrthd puwes. Further explanation ofthe nature and purFose of eath fiJThJ is indu the notes to the finarwl statemènts. Penslon costs and other post-relirement befits The charitable company operates a defined contributti)n pension scheme. Contributions payable lo the charitable company's pension are charged to the Slaterrent of Finaniyal A<S in period to which they relate. Financial instrumènts The charity onty has finan¢i818ssel$ and fin8noal 1k4b11r of a kn.nd that qualify as basi¢ ffinanoal instnjments. 8asic finaal instwmenls are initsalty rniSed al SactiOn valL* and subsequently measured at their settlement VUe. Dèbtors TTad¢ atvj olher debt015 are recognised at the setttement anTh)unt due after any Irade discount offered. Prepayments ale valued at the amount prepaid nel of any trade discounts Oje. CAsh at bank and in hand Cash at bank and cash in hand indudes cash aThY short tern highly qUid irhvestments with a short mgluTity ofthrèè months cf less from the date ofacqUis or openirg ofthe depwt or Similar a¢thJnl. Creditors and provisions Creditors and provisions are recogni5ed wlwe Ihe tharity has a present 0gation resulting from 8 past event that will probabty result in Ihe tr8nsfÈr ol furKts to a third p8ty aTKI Ihè amount duè to settle the obligation can be measured or esb"rnated reliabty. Credikns pttsvisi¢ art nomialty r¢cognised at Iheii settlement amount after allDwing lor any trade lst5 due. DONATIONS AND LEGACIES 2024 2023 Donations INCOME FROM CHARITABLE ACTMTIES 2024 2023 Fees Grants 197.225 139.544 216.097 98,114 336,769 314,211 P8ge115
PUDDLEDUCKS NURSERY AND PRE4CHOOL UMITED NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR EMDED 31 AUGUST 2024 CHARITABLE ACTIVITIES COSTS Dire¢ Costs {see rK)le 61 Supp C05ts1see note n Totals Nursery and Pre-soknl 198,138 124,596 322.734 DIRECT COSTS OF CHARITABLE ACTMTIES 2024 2023 Wa9e$ Social secuftty Pensions Other Employee cxjsts Ir staff traiThng Educational Supplies 176.729 12,108 2,725 176.259 12,091 3.683 969 4.C67 3.270 198,138 SUPPORT COSTS 2024 2023 Nursèry and Prè-sthool 124. 143.9 Support costs, included in 1he above. are as folows: 2024 2023 Support Staff Costs TeChn09Y Costs Premises Costs Legal Costs Other Support Costs Auditors. remuneration 80.221 78,789 2.474 20,708 18,095 18.693 17,469 19.2 5.OCM) 124,596 143.559 Page116
PUDOLEDUCKS NURSERY AND PREHoOL UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NET INCOMEIIEXPENDITUREI Nèi incornpl{exnditUré) i% slateil aftereharyiry1{Cdngl." 2024 2023 Audrtr)rs' remuneration 5.oc 4.800 TRUSTEES. REMUNERATION AND BENEFITS B Smith was trustee to 14 January 2024 8nd was eOYed by the tharrty as Nursery Manag8r and eamed gross salary of £1,92612023.' £35.2391 an(1 employers o)ntribulK)n of£Nil12023: £8401 Twstees. expenses ThèrÈ werè no trusteès, èxpenw paid knlh¢ Y¢arend 31 Au9USt 224 nor for Ihe year eThJed 31 August 2023. 10. STAFF COSTS 2024 2023 Wages and salarres Soual security costs Other pension costs 251.737 17.774 4.272 248,481 17,356 4,985 273.783 270 822 The Key Managernent Pewnnel of the tharityconsistsof the Magernd trustee B Smith (to dale ol re5ignationl. Thetotal amount ofemployee benefits Isalary. empk)yerfs nalional insurarKearKI ¢ployerS pensivn contribLttionsl paid lo key management personnel in the yearwds £33,05612023'. £39,595) The average rnonlhly number of employees ¢Juring the year was as fdlows: 2024 13 2023 13 No employèès renIed emdLments hi excess of £60.(. 11. COMPARATIVES FOR THE STAfEIAENT OF FINANCIAL AcnvrriES Unrestricted fijnd Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donatltsns InvÈstment Income 217 217 Charitable activities Nursery and Pre Schocl 314.211 314,211 314,428 314.428 EXPENDITURE ON Charitable activitiès Nursery and P$001 340,6281 340,628) NEf INCOMEIIEXPENDITUREI Transfers bÈts¥eèn funds (26.2CQI 126,2001 Net movement in funds 126.2ry)1 {26,2001 Pagel 17
PUDDLEDUCKS NUFiSERY AND PRESCHOOL LIIAITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. COMPAFiATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES- eontinu8d Unrestricted fund Restrirted funds Total fvnds RECONCILIATION OF FUNDS Total funds brought forvrard 64.170 64,170 TOTAL FUNDS CARRIED FORWARD 37.970 37,970 12. DE8TORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trsdè debtors 4.451 3.533 13. CREDITORS: AMOUNTS FAWKG DUE WH1N ONE YEAR 2024 2023 Social security and other taxes Amounls 0rtg to group undertakings Other creditors Accruals and defefred 2,919 4,748 19,319 1.532 13,610 11.509 39209 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds unreStted nds Restricted fund5 Current assets CuThent liatsilites 66.841 14.4281 66.841 14.428 52,413 52.413 Cornparativ¢ information In SpeCt of the proceeding period is As follo*s: 2023 Total funds UnStrided fvnds Restiicted fijnds Cufrent assets Current liatilit'es 77.179 39,2091 77.179 39,2D9 37,970 37,970 Pagel 18
PUDDLEDUCKS NURSERY AND PRESCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. MOVEMENT IN FUNDS Net movernenl in funds Transfers behveen funds Al 31.8.24 M 1.9.23 Unrestricted fvnds 37.970 14.443 52.413 RestTi¢ted fvrtd$ 37,970 14.443 52,413 TOTAL FUNDS 37.970 14.443 52.413 16. MOVEMENT IN FUNDS - continued Nel in funds, ir)duded in the above ate as ftAknbs.' IncomirwJ Resources resources expended Movement in funds Unrestrlcted funds General fund 337.177 1322.734) 14,443 Restricted funds TOTAL FUNDS 337,177 734) 14,443 Comparalive irformation in T¢st of the prweeding ppri¢xI 1$ as foll¢)ws.' N81 wnovement in fvnds Tr8nsfers beeen lunds At 31.8.23 At 19.22 Unr•strletÈd funds Gener81 frjnd 64,170 126,200) 37,970 Restricted fvrmls TOTAL FUNDS 64.170 26.200 37.970 Comparatlve net movement In funds. 5ncluded in the above are as follows: IrKcrfning Resources exp•nded Movement in funds Unrestrictsd fvnds General fund 314.428 1340.6281 (26,2) Restricted fvnds TOTAL FUNDS 314.428 1340,ff281 I26,2) Page119
PUDOLEDUCKS NURSERY AND PRESCHOOL LIMtTED NOTES TO THE FINANCIAL STATEME14TS FOR THE YEAR ENDED 31 AUGUST 2024 17. EMPLOYEE BENEF OBLIGAllONS charity operates a defin&J contribut*)n pension stheme. The costs for period was £4,27212023.. £4.9851. Contributions aHDunting to £Nil were payabk to the scheme at 31 Augusl 2D2412023.' £1,056) and are induded within other ueditors. 18. RELATED PARTY DISCLOSURES The charitable company has taken th8nt89è of exemptron, undef thè terms of Financial Reporting Standard 102 'The Financial Reporting St8ndaid 8ppli¢abl& in th¢ UK 8nd Republi¢ of Ireland,, not tCTr disclose related party transaction5 Wth whdly owned sub5#Jiaiies within lh¢ gioup. The children oftrusteè B Smith are emF4oyed by the Nursery. Page120