REGISTERED COMPANY NUMBER: 0770fj739 (England gnd Walt$) RECISTERED CHARITY NUMBER: 1147877 THE NA L STAT ORT CIMriot Hoiise Limiled Cliarter¢d A¢couiit£iiis 44 Grand Parade Brighton East Siissex BN2 9QA
NUR RY S OF THE FIIS'ANCIAL STATEMENT YEA I DECEfvIBER 2024 OR PaE¢ Report of the Trustees Independent Examlnerl$ Report Stattment of Flnanclgj Actlvltles Balnnce Sheet CA$h Flow Stitem¢nt Noles to th¢ C95h Flow StAtement 10 Notes to the Flnanelal Statements DotAllod Stal¢m¢iit of FlrtAncl#l ActlTrltlo5 18
REPORT OF THE T FOR THE YEAR E Tile tnisrees who are also directors of th¢ cljarity for the purposes of the Companies Aci 2006. presejil their report with tlke rinaiieial statements of tlie charity for the ycar ended 31 DcL¢mber 2024. Tlie Iwste¢8 have adopied ihe provisions of Accouiitiiig and Reporring by Charities.. Statemthii of Recommertd¢d PtaLIiLe iipplicable ro chariiies prcparing their a¢coui)Is in OCLOTdance iviih the E-inanci81 Reponing Standard Applicable in th¢ UK and R¢publiL uf Ireland IFRS 1021 leffeelive I Jaiiuary 2019). OBJECTIVES AND ACTIVITIES ObJL'ctlves and alm$ Tlie Cliiirity's objectives aiid principal aciivily, as defined by (lie McnrdndVrn and Articles of Asso¢iatioii. aTe to enlwnce th¢ developiiieiit aiid ¥(lucation of childr¢n priniarily undei. st&tOry school age IfiDm the age of three months) in the LDiidon Borough of Wandsivoith. NurseryLÉbAspire open¢d iii Seplciiiber 2011. Tlie Nur5ttry Is rc8jslcr¢d for 42 cliildrcii for fiill li1¢ placcs. Out of these 15 can be linder Il)c age of 2. Niirs¢iyC(vAspiir is open for 50 kS a year. We closc for two weeks over Ili¢ ChTl$tnias period ?nd for Statutory Public Holid&y5. Tliere are 51 ehildr¢ii both thll pait lime euryently oil Ilie T¢gisler. Tlie nursery ha5 a 12 months wuiiing li51, Niirsery@Aspire currently hav¢ 33 ¢mployees, I I full lime staff eoi)trtscted of wliicli l is oil IM&leniity l¢av¢ and 22 bank $loff. WL have a dlvers¢ r8ngL Df qualificaiTon5 unionky oiir staff, from level six lo Il)ose wlio are unqualifiid. We provid¢ opporluiiilies for llll eiiiployees 10 pursiie furtlier educaiion, Lnsiiring 11181 our siatT mLmbers acllievc quulific*iioii$ in carly rs ¢olii¢atioii. Oiir strong parhiersl)ip with Wiindsworil) Coui)cil onab1¢5 0iir Spwial l.'diicalional Nceds Coordiiiator {SLNLOI 10 occ¢ss L5SClltial iYsourc¢s, ¢iisuriiig tlial every child IL'ILIVCS the besi possible 51ort ii) III¥iT dev¢lopin¢nt. We c1rc privilcgcd to l)av¢ d¢Less to tlie facilities of Sovtlifi¢ld Academy during ilie half ierni. Our ttur5¢ry offer ¢xlracurricular aelivities ul iio exlra cust. Nursery@Aspire Is Tegi5tered with vai'ious childcare voucher companies aiid foi. the Free Nuisery Edu¢alioii Places for Lhildren over 3 years old. PublSc beneflt Ii) sliapiiig our objeeiives and planniiig our acliviiies foi. the year, tlie TTU5tccs liave giveii c01l5iderllti) 10 ¢h¢ duties sei out in section 17(51 of the Cliorities Act 2011 lo hav¢ du¢ r¢&7aifj lo public bencfit. In particular, thc Trustcc4 have considered l)ow Ilic planiied a¢livili¢s will ¢ontribuie to tl)c tswerall aims oii(l ubj¢¢iives Iliat Iliey have scl. The TnJ$tees believe that the above paiygraplis, specifically oil the Objeeiives gnd A¢llvities" for tl?e year, relate iii detail the l?enefit thai Ihe ¢113rity proiiides 10 the publi¢. FINANCIAL REVIF.W Firtthncial ReTrTreiY Unrcslricied funds are the funds freely available for us¢ in the rtherQAC¢ of the objectives of the Chsrity. The net movement on iinrcstriclcd fiiiids for tlie year was a defieil of £212 {2023.. £41,990). Delails of movemeiiis on the Sioiemenl of Fiiiai)cial Aclivities are set out 011 pa8e 6 of the finan¢ial stateineiits. Pagc I
UR ERY REPOR FO THE TRU TEES EAR EIN ED 3] DEC MBER 2024 FINèlNCIAL REVIEW Plans for thc Futurc And Reserves Polley Nursery@Aspire has constantly sthved io iTnprove and d¢v¢lop its serviLe provision to fulfil its ¢haritable objects, and will conliiiiie 10 do so. It strive510 be as s¢lf-suslaiiiing as possible to avoid over depeiidcncy 01) sin¥l¢ lilI11 &ir¢ains. It is the policy of the Charity 10 maintaiii unrebtricied fvnds. which are the fre¢ reserve5 of the Chaiity. at a level which provides sufficieiit fiinds to cover management. admii)istr8tion Olid support Costs. Our aim is to 8cliieve a level wliicli ivill enable the Charity lo achieve its long lenn objectives. Post BAIAneo Shoet Events Board of Trustee5 Re$ponslbSllrfes The Trnsiees. who are 8150 directors of Nursery@Aspire for ih¢ Purposes of conipany luw. are responsible for preparing th¢ Trusiees Repori and Ilie finHncial %lAI¢TnLni$ in accordonce willi aiiplieable law 8nd Uniied KingdoIi) AccouniinH Siandlrds Iuiiiled Kingdon) Geii¢rally A¢ccplcd Ac¢oui)ling Pyaciicel. Compdny18w requires the TTuslte5 to prepare finaiicial 5talement$ for each financial year. wliich give a tNe and fair view of Ihe slate of the affairs LTrf ihe chorilable colpanY and of the inLoming rcsouirc8 und application of itsourccs, in¢ludirtg the ijiconie und expeiidilure, of il)c cliarilablc company for Ilrdl perioil. In prep&riiig ihesc financial siaieinenl& il)¢ Trusiccs are TEquired to: S¢lcct suiitsble aceoui)liiiL poli¢i¢s and tl)en apply tl)en) ¢oiisi51enily* Obbcrvc tl)c nicihods 1¢ nd principlc% in th¢ Churity SORP; Makb judgements &iid ¢81iinulL'& Ilial Jr¢ rcusonable aiid prudenl. State wlictlicr appli¢4Lbl¢ UK AceoLII)li1i8 Sthi)dards littve been followed. siibjcci to uiiy material dcporture explaiiied in tlie finoiieitsl silliemeiils; l>itpai'e the finoncial stalements on Ilie going con¢Ern basis unless it is inuppropiillte to pirsume ihat the company will coniinug in business. disclosed tsnd Tlie Trustees are To%ponsiblo for keepi118 proper aLYoiiiilii)8 rec()rds wliicli disclose wilh reasonable accuraey al ai)y time tlie rirbancial positioii of the chdriidblg Cuinpany oi)d to eJiublE thcni tts eiisuir Ihal tlie fiiiaii¢ial 4llllcrneLlts coinply ivith the Conii)anies A¢t 2006. Th¢y aiE also Tespoll%iblc for saftguarding the assets of the Lharitsblc company anol hcrttt for toking re&¥on&ble steps for t1 prcveiilion and dElection of frnud and oilier irregularities. SMAII CompAny ExemptSon5 Th¢ above report Ilas beeii prepared in accordaiice with Ilie special provisions of Seclion 419(21 of t] Companies Aci ?006 relLting 10 small coiiipaiii¢s. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Goi'erning docuMenl The charity is COLilrolled by its goveniing docuinciii, u de¢d of twst, attd consiilute5 R limited compoiiy, limited by guarantee, as defined by tlie Coinpanies Act 2006. Appointrnent of tru5tee5 New Trustees 2Ye ch05eii by the ]neMbe iyiih the view 10 eiisllriiig that the Boat'd coiitai115 an appropriaie balai)ce of experience relevaiii to the operations of Nursery@A8PLre. Tiuslec% are biiefed on tlieir legal obligotions under cliarity and company111W. Ilie ¢onienl of Ilic M¢n)ordiidum attd Ariicles of As%ocialion, Ilie de¢i5ion making pro¢¢s5cs, Ihe business plan, policies aiid finai)cinl pmccdures alid Ihe receiii fiiiancial perfomiai)ce of tlie cliarity. Page 2
pi REPORT OF THE TRUS_T.EES R THE YF. R EIYDkD31 DE STRUCTr'URE, GOVERNANCE ND MANAGEMENT OrEanlsation The activities of the charity are advised and monitored by ihc BoaTd of Trustees who meet regularly to xt ihe strategic direciion of Ilie OrgaSaIl0n aiid for esb]ishi1)u policy. Tli¢y also ensure Ilial Ilie cliarily fulfils ils objeeiives and complies with Ilie reqiiireinenis of tlie Cliarilits Cojninission. The day-to day maila7t of the Charity is delegated by the Boar<1 of Trustees to Chaiiiel Ariannejad, who attends Truslecs, meetings tD updatc the TTUStees on developments and issues and to obtain instruction oll Ihc managcinent of th¢ charity. Nursery@Aspire was inspected by OFSTED iii Julie 2022. receiving J grade of Outstlli?ding iii all areas of inspeciion. H15k rnanaEemont Th¢ boaTd of 'frustees lias condiiei¢d its own rcvieiv of ilie major risks to which rlie Cl)arity 1$ ¢xp05cd oiid SySicn)$ huve beeii ¢si#blish¢d to manage those risks. Health and Safety at Work Tlie charity is always coi)cen1ed lo ensiirc healili aiid safety ai ivork at)d ivithiii ils Seic¢s, to rhi$ end it hus a full raiige of poIiLieS whLLh arc r¢vi¢wcd and regulJrly, REFEIRENCF AND ADMINIST114TIVE DETAI R¢glster¢d CompAny nuiiibor 07706739 (Englaiid llrjd Wal¢sl RoRl$iered Chgrlty number 1147877 R¢#15t¢red offlce Southfield5 A¢ad¢my 333 Mcrton Ruud Loiidon SW185JU Trustee5 J ValTIi S P Elson (resigned 2311012024) Ms S J Ilsyday M% 8 Mllaruccli {8PPOjrtted 1611 024) INdependent Examlner Dr Shoiia F Wgl'drop C.A Chariot House Liniited Ch&rtered Accountants 44 Graiid Parade Brighton East Sussex BN2 9QA Page 3
NU PIR PORT F THE TRUS'I'EE CE BER2 24 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Lloyds TSB 30-34 MooTgale Tlie City Loiidon F.C.2R 6PL Ib . [0 -l)- Approved by order of tlie board ofiN8t¢cs 01).... and $1&piied oil its bel)aifby'. lin- Trustee Page 4
INDEPENDENT I URSERY ASPIR TRUSI'EES OF lrtdependcnt exATnlner'5 report to the trustoos of Nursery@Aspire I'the Compkrty,) I I'eport to the charity trLE5tees on rny cxaniinalion of the accounts of the Company foi. tlie yearended 31 Dewmber 2024. Re5ponsibllitie5 and b45is of report As Ihe cl)arily'5 trnstees of Ihe Company land also iis diirelor5 for the purp05¢s of ¢oinpaiiy law) you are respoi)sible for the prcpaTAtion of the accoun15 in accordance with the requirements of the Companies Act 20061kn¢ 2006 Ad'l. H*viiig Satisfied mysclf that tlie ac¢oiinls of the Coirpany are i)ot reqilired ta be audited uiider Part 16 of tl)e 2006 ALt and arc oligible for 2iidcpcnd¢iit ¢xaminalioii, I Irpo11 111 respect of iny examiiiaiTOli of your charity's accounts as earricd out uiider Seclioii 145 of tlie Chai'ilies Aei 2011 I'the 2011 A¢i'l. 111 Carrying out my examinatioii I have followed the DiTe¢lions given by ¢h¢ Ch8riry Commission under Section 145151 Ib) of the 2011 Act. Independent examiner's statement Since your ehariiy's gross income exceeded £250,000 your examiner musi be a member of a li$i¢d body. I can confimi that I ¢ m qualified to ut)dertakc Ili¢ ex8niinalion b¢caus¢ l ain a Ineinber of IhL In51itute of Cliartered Accountants of Scotland, wliich is on¢ of Ilie lisied bodies. I have completed my ¢x8miiialioii. I coiifim) that i)0 matters hove c(Ime to n)y att•ition iii coiii)eciion with tlie eXEtMiiiI1TrIl giving mc Lause to believ¢.. acLoiiIJtin8 ii¢ords wcre not kcpt ii) Irspcci of Ilie Compony &$ reqiiir¢d by S1101] 386 of t1 2006 Act; or the fyccoiin15 do not accord iviih tliosc rc¢ords; or the Accounis do iiot coinply with the accouiiting rei]u1Me1)IS of Section 396 of the 21)06 Act other th8n aiiy requiremeni that the accounls give a thu¢ and fair vi¢w which is noi 8 matter considertd ss part of An indcpcndcnt ¢xaJiiiiwliuii' or the theeoiiii15 liave Iiot beeii prepored in accordanc¢ willi the inctliods principles of ilie Ststeineiii of Recon)niciided Practice for gc¢ouiilii)g aiiol rLpoNing by charities lapplicable lo eharilics prepariiiu ihLir tsccouiits in a¢curd8nce ivitl) the finaiicial Repoitirtg Stattd4rd applicablc in lh¢ UK dnd Ilepublic of Ireland Iriis 1021). I Iiave ijo eoIieem5 and Iiaye come Across iio Oilier n)aiiers iii connection wilh ilie exoniijilllioi) to wlii¢li altcnlioii should be drawii in I1)is report 111 order lo wi¥ble a pruper understaiidiiig of Ilie Accounts 10 be rcnclicd. Dr Sl)oiia F W8Tdrop C.A Chai'iol House Limited Chart¢rod A¢¢ounlants 44 Grdiid Pordde Biishtoii Easi Sussex BN2 9QA Datc.. lo. I Pa8e 5
PIRE TEllENT OF FINANCIAL ACTIVITIF..g YE ED31 El¥fBER 2 2024 Unr¢slTieied fiittd 2023 Total funds Notgs INCO.ME AliD ENDOWMENTS FROM Charitable activitles Nursery Provision 665.463 599.513 EXPENDII'URF. ON Churliablc aetivitlos Nursery Provision 665,675 641,503 NET INCOMEI{EXPF.NDITURE) 1212) 141.9901 RF.CQNCILIATION OF FUNDS Total ndS biuubTht fL)Twai'd 242,751 284.741 TOTAL FUNDS CARRIED FORWARD 242.539 242,751 Tkne notes forni yJrt of Ihe5c finaiiciol statetnents Page 6
CESHE.ET EMBER 2024 2024 Unreslricted nd 2023 Tolal fiinds Notes CURRENT ASSETS Debiois Casli at bai)k and it) hai 1.406 362,761 18,705 330.810 374,167 349,515 CREDITORS Amoui)t$ falliiig due wiiliiii one year 1131,628) 1106.7641 NET CURRENT ASSETS 242,539 242.751 TOTAL ASSETS LESS CURRENT LIABILI'I'IES 242,539 242.751 NET ASSETS 242,539 242,751 FUNDS 10 Uiireslriclcd fiinds 242,539 242,751 TOTAL fuNDS 242,539 242,751 The chArit#ble compaiiy is eiiiiiled lo cxanptioii froni audit undei. Sectioii 477 of El)e Compaiiies Act 2006 for th¢ year elided 31 DeceiMbEr 2024. Tile mcmbers liavc Liol reqiiired Ihc cornp&i)y lo obiaii) an aLidil of ils fliiancial staleinciils for ilie yegr ciidcd 31 December 2024 lil accordoiicc iviill Scction 476 of the Cornpanics Act 2006. Tlie irnsiees acknowltdse Élieii. responsibiliiies fur lal ¢n5uriiig Ilial tlie charitablc cotnpai)y kceps accounting rccords Ilial comply willi Setlion$ 386 attd 387 of tlie Coinpaiiies Act 2006 aiid pr¢paring tinaiiciul stalenicnis which give a true aiid fair view of the state of affairs of Ilie eliaritnblc compAlly OS llt the eiid of each fsiiaiiciol yeor oi)d of lis surplus or deficit for each finoiiciol year iii a¢cordaii¢e iviih th¢ requiremeiils of Sections 394 and 395 and ivhi¢li oihenviK comply wilh the requirements of the Coinpanies Act 2006 rtlaling to fiiiaiicial siaienieJii$, so far as applicable lo Ili¢ cliarilable coinpany. (bl Tlie IJOlr5 fonyj part of tli¢se fiiian¢ial 51alcmeE)ts Page 7 coiiliiiued...
URSE BALANCE SIIEET- contlnued EMB Thes¢ financial staiemenls have been prepared in accord9nce ivith the provisions appli¢ablc to charitable eompanies subject to Il)¢ stnall companies regilne. Th¢ finaii¢ial staterneiits wer¢ approved by the Board of TrUstL aiid 6uihorised for issiie on and were sis1¢d oil ils behJlf by.. [¢0. Ko.Qy in- Trust The notes fomi part of Iljese fiiiancial slalements Page 8
ERY ASPIRE SHFL W STATEP+lENT HE YEAR EIYDE 2024 2023 Notes Cash flows from operatlng HetItIeS Cash g¢nera¢ed fii)m operations 31.951 (41,486) Net eash provided bylliL8cd inl OP¢Tating a¢tiviti¢s 31,951 (41.486} Ch#nge In cash and cash equlvalen15 In the reportlng pcrlod Cash and cash equivalent$ 4t Iht b¢glnnlrtg of the reportlng perlod 31.951 (41,4861 330.810 372296 Cash gnd cash equlvqlents at the end of the ropDrting perlod -162,761 330.810 The notes fonn part of these fittaneial statements Page 9
ERY PIRE I OTES TO THE CASH FLO_W_S_TATEMEN THE I DECEM RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfivITIES 2024 2023 Iyet expenditure for the reportlng perlod las per the Staternent or Flngneithl AetlWLties) Adju5tmethts for.. Dccregsellincrea$e} in d¢bioT5 Increase iti creditors (212) {41,9901 7.299 24.864 {6,3121 6,816 r4¢1 CA5h provid¢d byllus¢d In) opTrratlons 31,951 {41,486) ANALYSIS or CHANGES IN NET FUNDS Ai 111124 Cojli floiy At3111212 Net eash CaslJ nt bulik Al in Iwiid 330,810 31,931 362,761 330,810 31,951 362.761 Total 330,810 31,951 362.761 The notes fonn part Df tl)ese financial slotements Page 10
NU RY ASPERE NOTEST THE FINAINCIAL STAI'LMENTS_ AR 31 DECEMBER 2 24 ACCOUNTING POLICIES Basis of prep&rlng the finAn¢lal stAtcm¢nts The fii)ancial slalemen15 of ilie charilable compathy, Ivhicli is a publi¢ bl¢fil ¢ntity undcr FRS102, Iiave beeii prepared iii accol'daiice willi ihe Cliarities SORP IFRS1021 Accouniiiig and Reporting by Cl)tsriti¢s'. Statem]¢ of Recommended Prd¢ii¢e applicable io cl)arities prepaTing their accounts with Ihe Financial Reporting Siandail in tlie UK and Republie of Ireland IFRS1021 leffeciive l Jaiiuary 2019),. Finaiicial Reporting Siatidard FRS102 'The FinonLial R¢pLIrtIli8 Standard applicablc tn th¢ UK and Republic of Ireland, and the Conipanies Ael 2(X)6. The rin8ncial si&leiiieiit$ IIAve been prepared under ihe liislorical cost conv¢nlion. The accounts llre prepgr¢d in sl¢rling. which is the functioiial curreiw of the charity. Monetary amouiils in th¢se financial siaremenis are round¢d to th¢ neaTe5r £. At Ili¢ liinc of approviiig Ilie finaiicial sthiemei)1$, Ilie Irlisiees liavc a rcasonal)Ic expeciaiioii tl)ai Ihe cl)arily h35 adcqiiAte re5011we5 lo coi)tinue in operational exisience for Il)e foresceabl¢ thttiTC and on tl)at basis the cliarity 15 considered to be * going ¢oiic¢n?. Crltlc81 accountlng Judgements and key soyr¢¢s of ¢$tlrngtlon uncertalnty lil ihe ypplicalioii of ihe churity'8 accoiii)tillg pc>lieio8. 1110 charity is r¢quiT¢d to make judgnicnts, estimates oi)d 8s%uinptions tsbuut the canyitig value of Dsseis and liabilities that aiE not relldily appareii¢ fiDm otligr sources. The eslimai¢s and asboLiated assumptions air bascd on htsloricgl exrien Alld oilier f8ci(trr$ con%idered to be r¢lovant. Actual results nlay differ from Ih¢s¢ ¢slii)Mlcs. The e$iimat¢s iiid underlying Hssumpiioiis are IEviewed 011 an ongoin8 b&si5. R¢vi5i0115 10 aC¢OUliting cstimates are Ircogiiised iii Ihc PEiiod iii whiel) Ihe esli1nu. i¥ I'cvi.¥cd, if the Yevisioii affeL'ls oiily tliat period, or iii ihe period of th¢ r¢vi¥ion ond fuluiL PCTiods if ihL rLvisi(Fn affc¢ls boih Ili¢ ¢vry¢nt und fuDJfc PLriods. Tlicre are no e51iin8tes and assumptions that Rr¢ considered lo hav¢ a siwiifi¢gnt risk of causiiig a Iiwlerial adjuslineiiis to the fiiisiicijl Sleme1715 iii a period. Jncomln% resource9 1ii¢om¢ froim do1)oti1S. and 8rants. is iiieltsded ii) iiicoll)ing resthiTC¢S wheii these ar¢ Irceivable, excepi a5 folloivs., When donors imtK)5e ndItionS whiih have to bc fuifillcd before the Charity becomes entitled to use such income, Ili¢ iiictsme is def¢rrcd and nol included in iiicomiiig resources untLI Ilie pre-condili0115 foru5e liave been mei, When doiiors Specify thal doiiatioiis ai)d graiits are for particular restricted purposes, which do nol ainoiiiil io pre-coiiditions r¢gording entitlement. this JE)come is included in incoming r¢souT¢es of restricted fvnds ivhen reLeivable. Fee income fur provision Df nursery services is included Èn irtcoming resources ivhen the service has been PTovided, or, if aii)ounts invoi¢¢d rLlJi¢ 10 services both before and after th¢ period end. IlJ¢tk in proportion to services provided, with Ilie b21aiicc bciiig deferd. Other Incon Pa8e 11 CODtinii¢d...
NU PIRE NOTES TO TH FO FINAINCIAL STATEITrlENTS- eontinued DED31D EM ER2 ACCOUTr4TING POLJCIES- continued Aneomlng resources Other iiicoine is r¢cogiiisE(J in lh¢ period iii whicli tlie Charity is eL)titled to the recehpl ond tlie #mount cali be mca5llTed witli re8soI)able ¢cnaiiity. Iiicom¢ is defenrd only wl)cii dic Cliariry lios 10 fiilfil conditio1)5 before becoining ¢nlitled lu IL or ivhcre tlie doiior has specified that the in¢omo is to be treated as ihe fuiiding of a fvture period. Resourees expended and basss of allocation of costs All ¢xp¢iiditUTe is included on &ii aecru&ls basis aiid is Tecognised ivlicn there is a legal or Constructive obligatioii Lo pay for gucli expendiiurt. Direci costs incUnd in connection i¥i¢li a particular projeLI or evcnt. are allocated to tliat projcet or event in thc y¢ar they are in¢uEred. Resources expended include aNributabl¢ VAT which cannot be recovered. Tnxgllon Tlie Cliarily is eonsidercd to puss IIIL lesls s¢1 oul IEI PaLIIULaplI I Scl)edule 6 r,inaThcc Aei 2010 und Ihereforc il mEel$ tlie deliiiilion of a cl)oriiable coinpaiiy foT UK Corporaiioii Tox purposes. A¢cordiiigly tl)e Clianly is exenipt frorn tax3tioii in rcspecl of ii)come or eapital 8aiiis reecivcd withiii categori¢8 covered by Cli*pier 3 PBrt I I Corporalioii Tax Act 2010 1)r Scction 256 of the Taxaiioi) of Cliurgeable Gains Act 1992, to th¢ extei)I thllt such ii)com¢ or 82111S are applied exclusivtly to charilablc purposes. Fund accountirtg Unrestricted fijiids can be used in accordanee will) Ihe charitsbl¢ objeelives at ihe discretion of the tnJ$tees. RLsiricied fuiids ¢dn oiily bu us¢d for PIlL11[ar rL5tTjLILd piirpu¥e$ wiiliifft ihl vbjocis of Ilie chariiy. Reslriciions arisL whLIi 5w¢ificd by ihc donor or whcn fiinds Arc roiscd for particulllr reslrici¢d PLIry05es. Further eKplanAlion of tlio nature and putV05e of each is included in the notes to th¢ fixancial staiemenls. Pen51on costs and other pust-i'eilrenieiit henefli Tli¢ charitabl¢ eonipany op¢i?tes ll dcfiiied contribution pension schenie. Contributiorts payable to the charitabl¢ ompany's pertsion s¢lieme are chargcd to the Siatemeni ofFinancial Aciiviiies sn tl)e pgi'iod to which tliey relat¢. Flnanclil Instrument% The chariry ha8 only fiiiaiicial assets ai)d financial liabilitlES of a kind Ihdl qualify as basic fiiiai)cilll iiistr(iiiients. Basic financial irtstruinents uri inilially recognisEd ai transaction value and aTC subsequently mcosured at theiT 5CtilcmeL)I valiie with lh¢ cxLcplÉoJi of bank loans wliicli are megsure(5 al llniortisLd ¢0sl usiiig IhL cfycclive iiilLSt melh(A. Pabie 12 coiItiLllled...
RY ASPIRE TES TO THE FINAINCIAL STATEI4IENTS- condnued FOR TH 31DE 202 INCOME FROM CHAR]TABLE ACTIVITIES 2024 2023 Activity Nursery fees Nursery PIY)vi5ion Free Nursery Education Places Nujsery Provisioi) Registratioji Fees Nursery Provisioi) 557.184 107,439 840 532.632 65,591 1,290 665.463 599.513 CHARITABLE ACTIVITIES COSTS Direct Cosis Nursery Provisioii 6(>5,675 NET If4COIWIEXPENDITURE} Nei iiicomellexpeiidityT¢I is 51at¢d afta'¢haTgiii(CrcdltlI7sl.. 2024 2023 Ind¢peiid¢iil Examiiiaiioii Fee Operatlll8 Lease Reiilal 3,5(K) 120.000 3.336 TRU8TKES' REMUNERATION AND BENEFITS Tliere wcrc no trustecs, reii?uneralion or oihor benefits for the YUT ¢nd¢d 31 Dec¢]nb¢T 2024 nor for tl)c year ended 31 Decen)ber 2023. Tru$tQQs' ¢xpLbnsos TIICTC ivcre Iio 31 Dccen)b¢r 2023. IrÈislees' expenses paid for ilie y¢ar ¢iided 31 Decembtr 2024 Iior for ihe year clEd Page 13 ¢ontinugd...
RY NOTES TO THE FINAIYCIAL STATEMENTS- continued D31DE STAFF COSTS 2024 2023 Wages salaries Social security ¢osls Otlier peiision costs 459.756 28,715 17,195 453.839 13.602 13.515 505.666 480.956 Tli¢ avernge niontlily iiiimber of employees during the year was as follows.. 2024 2023 Manag¢rial Siaff Fi11g11¢¢ Sinff Niirsery 8iaff Casu81 Siaff 25 33 25 The iiumber of anployees ivhose employee bei)efits I¢Kcluding employ¢i' pension costs) ¢xceeded £60,000 was.. 2024 2023 £60,001- £70.000 £70,001 £80,000 Key mllnageM¢iil remuner&lion which includes salary, employers Nl and employers pension ¢onlTibiitions for the yeai. iolallcd £74,32912023: £70,622). SHARE CAPITAL As the Chariiy i¥ limited by gu41'antee, tlieiE is no sliair capiial. Al 31 December 2024 each IneEnbei' has undertaken to iunlribule to Ilie Cliarity's abseis, in lh¢ ev¢ni of Ilie Cliarity bcing wound up, such ainnunt as may be rEquired, nol ex¢eedi118 £1. Page 14 coi)tinu¢d...
ERY ÉLASPIRE TO THE FIINAliCIAL STATEhlENT -e FOR THE YEAR END ECEMB 2024 DEFIORS: AMOUNTS FALLING DUE WtTHIN ONE YEAR 2024 2023 Tr2d¢ d¢biors 11.406 18,705 CREDITORS.. AMOUNTS FALLIIYG DUE WITHIN ONF. YEI AR 2024 2023 Trade crediiors Soctal secuiity aiid other ioxe5 Otlier CTedilors Depusit5 1.leld Accruals ai)d deferred incoinc 2,310 5,288 1.363 6.910 2,485 56,223 39,783 59,22S 64,805 131.628 106.764 10. MOVEMENT IN FUNDS N¢1 movcmenl iii fullds At 111124 31112124 Unrestrlcted Gcn¢Tal fund 242.751 (2121 242,339 TOTAL FUNDS 242,751 {2121 242,539 Net rnoveincnt in funds, incliided in the above tsr¢ as follow5.. Incoming resourLcs Resources LApide{l Movement in funds UnrcstTlcted funds Gcncral fund 665.463 1665,675 } 1212) TOTAL FUNDS 665.463 (665,675) 1212) Paye 15 continued...
LYOTES TOTHE FINAYCIAL STATEMENTS-contSnued DED 31 DECEMI BER 2 24 io. MOVEMENT IN FUNDS- continued CompArativcs for niovcment in funds Nei movenient iii fullds At 31112123 At 111123 Unrestricted fund$ G1¢11 fuiid 284.741 141,990) 242,751 TOTAL FUNDS 284.741 {41,990) 242,751 Con)paraiive nei Inov¢m¢nl in filnds, included in Ihc above ar¢ as follows: 51*0111in8 resources Rcsour¢es ¢xpeiidcd Mov¢mei)¢ iii fuiids Unrestrlcted fund$ Gciieral fvi 599,513 {641,503) (41,990) TOTAL FUNDS 599.513 1041,5031 141.990} ii. OTHER FIIYAf4CIAL COMMITMENTS Tli¢ Charily has eiitered iiilo ll tenancy tsgreeiiiellt with Southfield Acadeniy io relit preniises at a Curreiit 81inual rei)t of 1120,UUO. 'lThe a8reeiiient is until 31 Au8USt 2099. 12. RKLA'fEI D PARTIES Southfields Academy is a rclalcd paty by virtue of hvo of th¢ Tiustccs of NuTsery@Aspiir also being Trustees or EmployEe5 Df Soiithflelds Ac8demy. Page 16 coiiiinued..
RY ASPIRE OTES TO THE FINANCIAL STATENIENTS- contlnued OR T ND DEC 13. CONTROL The Company wa5 controlled througl)out lh¢ ¢urlt period by its Trnsiees by virtue of il?e fa¢1 ihat e&¢1) T]ustee has a vote ai mcetings of the TNsiees. Page 17
UR RY DLTAII TATEMEh'T OF FI REND IDE ANCIAL ACTIVITI EMB 024 2024 2023 IIYCOME AND ENDOWMENTS Charitable Ectlvltles Nurseiy fees Free Nursery Educalioii Places Ke8l5tration b¢¢s 557.184 107.439 840 532,632 65.591 1,290 665.463 599.513 Tolal Incoming resour¢e$ 665.403 599,513 EXPENDITURE Charitable Attlvltle$ Wages Social &c¢urity PctJsi011s Postuse ftttd siaiiot)ery Sundries 459.756 28,715 17.195 408 368 564 12,091 1,985 120,000 9,575 2.078 220 2,528 714 969 6(19 357 151 3,268 241 1,946 2,204 (5311 420 453,839 13.602 13,515 923 262 1,307 8,016 2,641 120.000 12,779 2,043 220 1,320 688 984 r.diLL41ion Equipment Niir%Lry ALIIViIiCS Rcni Hygi¢n¢ 8iid Cleaiiiiig Softwait and 8ub%cripiions Legal & Profesbi¢)nal Prtyroll cL)qts Bunk Chargc% Nursery expcn5e - Water Reiiial SLNC'O WL4C Funding Tealn Building ChArge Card Dancc Lcsson5 Hirc Books- Cl)ildTet) Read5ng Independent Exominaiion Fee Aris and Crafts Aspirc recliar8e$ DBS Hiriiig cost 509 32 383 3.336 4.076 122) 1.050 665,675 641,503 Total r¢soiire¢s expeiided (fj5.675 641.503 N¢t expendlture 12121 {41,990 This page th)es not fon* part of tlie statutory financial stateinet)ts Pase 18