Ivegill Nursery CIO
Registration number: 1159380
Annual Report and Financial
statements
31 July 2024
dOdd&co

Ivegill Nursery CIO
Contents
Reference and Administrative Details
Tnjstees, report
Tnjstees, responsibilities
Independent examine￿$ report
Statement of financial activities
Balance sheet
Notes to th8 finanGial statements

Iveglll Nursery CIO
Reference and Administrative Details
Charfty namé
Ivegill Nursery CIO
Charity roglstration nurnbor
1159380
prtnclpal office
Ivegill Nursery
Ivegill School
Ivegill
CARLISLE
CA4 OLN
Regl8tsred offlce
Ivegill Nursery
Ivegill School
Ivegill
CARLISLE
CA4 OLN
Tru•tee8
E J Rickerby
E A Blak8
D A Hewitt
(Resigned 3 October 20241
E Messenger
S Sims
(Resigned 3 October 2024)
S L Creighton (Appolntsd 24 April 2024)
KAHa￿n
IAppolntad 24 April 20241
Accountant
Dodd & Co Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Page 1

Ivegill Nursery CIO
Trustees. Report forthe Year Ended 31 July 2024
The financial statements have been prepared in accordan￿ wth the accounting policies set out in notes to Ihe
accounts and comply with the charity's governing document, the Chanlies Act 2011 as amended by the Charities
Act 2022 and Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and
Republic of Iréland.
Pollcles and Obl8ctlvo8
The object of the charity is to maintain a rural Day Nursery for Promoting the education of children under six years
thout selection or limilalion save as to a maximum number. The day-to-day running of the nursery is
administered by the Lead Practitioners. Th8 Trustees aim to provide quality care and education while keeping the
fees as low as possible commensurate with this aim. The Trustees have had regard to the Commission's general
guidana8 on public benefit and to its supplemenlary guidance on advancing eduGation and on lee ch8rging.
Children over the age of 3 can receive up to the equivalent of 15 hours free per week under the government's
Early Years Entitlement Funding scheme and in some cases may be eligible for 30 heurs. Some 2-year-olds are
also 8ligible.
Thè Nursery maintains close links with the school, In whlch it is situated, normally joining togeth6r for some
activities and sharing resources. The Nur38ry is regislar8d to receive Early Y88rs Entitlement Funding and is
registered with Qfstsd. It is a member of the Early Years Learning Alliance.
Actlvitieg undertaken to furthor tha charfty'8 purpo8e8 for publlc b8n8flt
The Nursery 15 open 5 days a week for morning and afternoon sessions during school term times. During Ihe
year a totsl of 22 children attend6d the nursery, mainly coming from homes within 8 10-mile radius. A music
session is held once a week for younger children with their parents. 4 further children attended this. The nursery
was inspecl8d by Ofsted in Maroh 2024 and rated Outstanding in all areas.
The charity employs a full lime Lead practitioner {at present this post is shared by paoplel and part time
nursery practitioners. There are also two practitioners available to cover for absence. Stsm8 administration is
carried out by the Lead practitioners and the rest is done on a voluntary basis by members of the Trustees. Staff
8tt6nd regular In-servi￿ or online training sessions.
Flnanelal ravlow
During the year the 31 July 2024 incom8 of £57.079 {2023 £42,308) was received and tot81 expenditure
amounted to £57,26212023 £54,852). A deficit of £18312023 - 12,3441 was therefore achieved in the period.
These accounts also reflect closing réseNes of £3g,032 (2023 - £39,215), 811 of which are unrestricted in both
periods.
Low&r attendancE, mainly due lo a drop In blrth rate, meant that income fell short of expenditure Ihls year bLrt th8
shortfall came from reserves. Income cam8 from fees from p8renls and Earty Years Entitlemenl funding
Weslmorland & Furness Council.
Pupil Premlum funding comes as part of the educatSon grant funding we feeelve from Westmortand & Fumess
Council. It is restricted funds 811ocated to eligible children and is specifically allocat8d to help disadvantaged
pupils. The fvnding can be used to purch8s8 r8sourc88 or support ft)r that child. One child was 81Sglble for Ihls
during the summertemi.
Golng Concarn
After making appropriate enquiries, the Trnslees have 2 reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable fijture. For this reason they continue to adopt
the going cOn￿M basis in preparing the financial ststements. Furth8r details regarding the adoption of the going
concem basis can be found in the accounting policies.
R88erv85 Pollcy
We aim lo hold at least £16,000 Ibeing approximately one month of expenditure plus requiod redundancy
payments) and no more than £50,000 {being approximately six months of expenditure plus required redundancy
payments) in reserves at the year end.
Page 2

Ive￿11 Nur8ory CIO
Tru** Repwt for the Y•ar Endod 31 July 2024
As at 31 Juty 2024 vn held £38A83 01 frog rns•ms (2023. £38.680). Free reservts encompass all unrestrithd
dmrity w conatiiui•d • FIXff￿ofi ￿n￿ftt dat•d 27 November 2014 and Is • r•gislernd dwity.
numbw 1159380.
M•thod al •ppolfttm•rt or •l•ctlon ollnAt
Th• manageff￿1 of the eharity IJ tho r•gpon$fc4lity af the Truilws ar• eloctwj and cD4l•d under th•
hpart frm tho firnt cknty trusW•S. •wry •ppoint•d tru8tw mug1 b• appolnt•d by a r•¥olullon p*sJ•d at •
properfy c￿nV•ned mo•tiry oltho ¢hwlty Irugt••
Iv•gll Sc*ool Gov•morn fth• ap￿1￿9 bodn may appolnt UP lo ilw d￿rIty truslttj. Ary appolnthi8nl rnust
b• mad• •t a meethffj held accvrdinp to the ordinary PT•*e of thè Appointlng boay. Eath appolr+lmonl n451
for • terni of 3 yews. Iho •ppolnthwII *ill b• •lloc4lv• Imm th• lalw ol the dat• ol th• v•cancy: ar￿ the dat• ¢)n
Ihe tharity Iru*oJ or thw s•ry•t•ry or d•rft •rn irrfOrM￿ oftho apportment. Th• app01n1￿ r*•d
not be 4 m•rnb•r of tho apP￿ntIng body. A Img1•o aPP￿nIed by tho •ppolfitlng l)otty has lh• duty undor
daus• 9(1) as th• olh•r thwity tsw•l••J to •ct in th• way he or d•dd•g In go¢)d faith ¥•vuld b• mojl IIW io
lurthortho purpoJ•s of th• CIO.
rneèi¥e a copy of 1h• cMslltyJbon. th• y•*rfs arKI * Ilnk to th• Ch•lty ea)mmlskn's w￿l1¢all(
Th• Nws•ry li m•n•wl ty ft8 8o•Jd
Plan•
Unfothn•t•ty. th• ￿1 tr th• ad￿1 gtsv￿ to tsk• ov•r Ihe h3$ lallen Ihmugh so wll bo
ctythuHvJ forth• fornsooabl• fulurn. Wth rABnrfng In mind. th• S[*K￿ govemoro hm •ppoirtod t¥
n•w trusttss ts lh• CIO. trugtO•S w)uld Ilke to ¥x¥we tho nunbers alknithrY4 tho nu￿ arvj

Ivegill Nursery CIO
Trustees. Responsibilities in relation to the Flnancial Statements
The t¥uslees are responsible for preparing the Trustees, Report and the financial statements in accordanc£ wth
applicable law and United Kingdom Accounting Stsndards.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resOUr￿S and application of resources of the charity for that period. In preparing these financial ststements, the
trustees are required to..
sèlect suitable accounting policieg and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and esllmales that are reasonable and prud8nt',
state whether applicable accounting standards hav8 been followed, subject to any material departures
disdosed and explained in the financial st8t8ments', and
prepare the financial statements on the going concem basis unless it is inappropriat& to presume that the
charity will continue in business.
The tnjstees are responslble for keeping proper accounting records that dlsclos8 wlth reasonable accuracy at
any time the financial position of th8 charity and enablé them to ensure that the financial statsmenls comply with
the Charities Act 2011 as amended by the Charities Act 2022, the Charity (Accounts and Reports) Regulations
and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hanc8
for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4

Independent Examlnefs Report to the Trust8es of
Ivegill Nursery CIO
I report on the accounts ofthe charity for thé year ended 31 July 2024, which are set out on pages 6 to 14.
Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting
by Charities.. Statement of Recomrnended practi￿ issued on 1 April 2005 which is referred to in the extant
regulations but has sinc8 been wthdrawn.
We understand that this has been done in order for the accounts to prO￿lde a true and fair view in accordance
with the Generally A￿pted Accounting Practice effective for reporting psriods beginning on or after l January
2019.
R88pectlva r88ponsibiliti68 of trugt883 and axamlner
The Charity's trustees are responsible for the preparation of the accounts. The trustees consid6r that an audit is
not required for this year under section 144121 of the Charities Act 2011 as amended by the Charities Act 2022
(the Act) and that an independent èxamination is needed.
It Is my ￿SponsIbl11ty to..
examine the accounts under sectlon 145 of the Act;
follow the procedures laid down in the General Directions given by the Ch8rlty Commission undar sectlon
145 {5) {b) of the Act,, and
stats whether particular matters hav6 come to my attention.
Bas18 of Indapéndont examlnerf8 report
My examination was carried out In accordance wtth the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by thè charity and 8 comparison of the accounts
presented wlh those r8cords. It also includes consideration of any unusual item5 or disclosures in the 8ccount$,
and seeking explanations from you as trustees conc£rning any such matters. The procedur8s undertaken do not
provide all the evidence that would be required in an audit and consequently no opinion Is glven as to whether
the accounts prtsénl a 'true and fair view and the report is limited to thosè mattèrs set out in the statement
below.
Independent•xamlnarf8 ststgment
In conn6cts.on wth my examination, no matter has come to my attention..
{11 which gives me re8sonable cause to believe that in any material respect the requirements..
lo keep accounting records in accordance with section 130 of the Charities Act 2011 as
amended by the Charities Act 2022; and
to prepare 8ccounts which accord with the accounting reccrds, comply with Ihe accounting
requirements of the Act
havè not b8en mel.. or
121 to which, in my opinion. attention should b8 dravm in order to enable a proper understanding of thè
accounts to be reaGhed.
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Martin BotTadaile ACA
Dodd & Co Limited
Chartered Accountants
Page 5

Ivegill Nursery CIO
Statement of Financlal Actlvltles for the Year Ended 31 July 2024
Unrestrlcted Restrictsd Total Funds Totsl Funds
Funds
Fund8
2024
2023
Note
Incomo and ondowm¢nt8 from:
Charilabl8 act(vitles
Total income
57,079
57,079
57,079
57,079
42,308
42,308
Expendltura on:
Charitable activities
Total expanditure
56,963
56,963
56,963
56,963
54,652
54,652
Nat movaments in fijnds
116
116
(12,344)
Reconciliation of fund8
Totsl fvnds brought foNard
Total funds carried fomard
39,215
39,331
39,215
39,331
51,559
39,215
The notes on pages 8 to 14 fom an integral part of these financi81 statements.
Page 6

Iveglll Nurnwy CIO
Balance Shoot a8 at 31 Juty 2024
2024
2023
Flx•d a•set•
Tangible asgats
549
10
Cash at bank Ind in h￿d
39,850
41,850
Crndftarn: Amaurt• hlllng du• wllldn
on•
39,331
39,215
Th• fund• frfth• chirfty.
Unr•slrf¢t•d fund•
Unr•strld•d Inc¢mo ￿nd1
39.331
39215
Tol•l ehartty fund•
Th• Inandd $18t•m•nts ha￿ war•d in Ko)rd•nc• th lh• FlnoTh*1 R•portlNJ 8twrfknrd appllo•bl• In
Iho UK and Reputylc of If•l•nd (FRS 102).
fcb
>Mved by th• Board ¢)n 2025 and *n•d on h b•lwlfby:
Tw

Ivegill Nursery CIO
Notes to the Flnancial Ststements for the Year Ended 31 July 2024
Accounting pollci86
Statsmènt of compliance
The accounts (financial statsments) have been prepared under the historical cost convention with items
recognised at cost or transaction valuè unless othermrise stated in the relevant notelsl to these accounts.
The financial statements have been preparad in accordan￿ with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Stsndard applicabl8
in the United ￿ngdorn and Republic of Ireland {FRS 102) and the Charities A¢t 2011 as amènded by the
Charities Act 2022,
The accounts (financial statements) have been prepared to givé a 'true and fair, view and have depart8d
from the Charities (Accounts 8nd Reports) Regulabons 2008 only to the exient required to prowde a 'true
and fair view,. This departure has involved following Accounting and Reporting by Charities preparing thelr
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 rather than the Accounting and Repo￿ng by Charities.'Stalernent of Recommended Practir
effective from 1 April 2Q05 which has since been withdrawn.
Bag18 of prèparatlon
The charity rneets the definition of a publlc benefit entity under FRS 102, Assets and liabllities are Initially
recognised at historical cost or transaction value unless otherwse stated in the relevant accounting policy
notes.
Golng concern
These financial statements have be8n prepared on a going conc8m basis.
Fund accountlng pollcy
Unrestricted incorne funds are general funds that are available for use at the trustees, discretion in
furtheranc£ of the objectives of the chanty.
Further details of each fund are disclosed in note 14.
Incoffle and andowments
Income from Government and other granls, whether'capital, grants or 'revenue' grants, is recognised when
thè chsrity has enliilement to the funds, any perfomiance condits'ons attached to the grants have been met.
It Is probable that the income wll be received and the amount can be measured reliably and is not deferred.
Income from charitable activiti88 includes income recognised a8 eamed las the related goods or services
ar8 provldedl under ¢ontrad.
Expondlturo
Liabilities are reGognised as soon as there Is 8 legal or constructive obligatlon committlng the ¢harity to the
expenditure. All expenditure is acGounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category.
Charitable eypenditur8 comprises those costs incurred by the charity in the delivery of its activities and
services for its benefiGiaries. It includes both costs that can be allocated dir8Ctly lo such activities and those
costs ofan indirect nature necessarylo supportthem.
Support costs
Support costs indud8 central functions and hava been allocated to activity cost categories on a basis
consistent with the use of resources, for example. allocating propety ￿sts by tloor areas, or per capita.
staff costs by the lime spent and other costs by their usage.
Page 8

Ivegill Nursery CIO
Notes to the Financial Statements for the Year Ended 31 July 2024
. conlinu8d
Flxod a8S0ts
Individual fixed assets costing - or morg are initially recorded at cosL
Dapreclatlon
DeprecAation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows..
Plant and machin&ry including motor
vehide8
Office equipment
150h reducing balance basis
3 years Straight line basis
Cg8h and Cash Equlvalent8
Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Pen81on8
The chartty operatss 8 defined contribution pension scheme. Contributlons 8r8 chargad in the statement of
financial activities as they become payable in accordance with the rules of the scheme.
Charltablo a¢tlvltle8
Unre8tri¢tod R08trictod Total Funds Total Funds
Funds
Funds
2024
2023
Nur8Ory
Nursery fees
Grants receivable
7,865
49,214
57,079
7,865
49,214
57,079
12,614
29,694
42,308
All of the incorne from ch8ritable activitiés in 2023 related to unrestricted funds.
Page 9

Ivegill Nursery CIO
Notes to the Financial Statements for the Year Ended 31 July 2024
. continued
Total resourc88 8xp8ndad
Nur86ry
Total
2024
Total
2023
Dlroct C08ts
Educational materials and equipment
School lunches
Insurance
Repairs and maintenanc
Employm8nl costs
134
2,334
790
4,184
46,110
53,552
134
2,334
790
4,184
46,110
53,552
332
2,737
754
4,301
43,715
51,839
Support costs
Telephone and fax
Sundry expenses
Advertising
Accouni8n¢y fees
Legal and professional fees
08preciation of offic£ equipment
84g
252
849
252
757
341
65
1,356
70
224
2,813
2,084
70
156
3,411
2,084
70
156
3,411
56,963
56,983
54,652
Govamancg c08ts
2024
2023
Accountancy fees
Legal and professional fees
2,084
70
2.154
1,356
70
1,426
All of the expenditur8 in 2023 related to Un￿strICted fiJnds.
Trustees. remunoration and expenses
No trustees r8L*ived any remuneration or expenses during the year.
Page 10

Ivegill Nursery CIO
Notes to the Flnancial Statements for the Year Ended 31 July 2024
. continued
Net Incomlngl{outgolng) r080urc08
Net incomingl{oulgoing) resourtss is stated after charging..
2024
2023
Depreciation of owned assets
Accountancy fees
156
2,084
224
1,356
Employoes, romunoratlon
The monthly average number of p6rsons (induding senior management) employed by the charity during the
year was as follows..
2024
Na.
2023
Na.
Charitable activitl8S
The aggregate payroll costs oflhese persons were 8$ follows:
2024
2023
Wages and saleries
Other pension costs
44,629
1,004
45,633
42,496
996
43,492
No employee received emoluments of more than £60,000 during thg year {2023- No. 01.
Page 11

Ivegill Nursery CIO
Notes to the Flnancial Statements for the Year Ended 31 July 2024
. continu8d
TaxatIon
The registered charity is exempt from taxation on income and gains.
Tangible fixed assets
Plant and
ma¢hlnery
including motor
vohicla8
Office
equipment
Total
C08t
As at 1 August 2023
Additions
As at 31 July 2024
617
409
170
579
1,026
170
1,196
617
Depréelallon
As at 1 August 2023
Charge for the year
As at 31 July 2024
117
74
191
374
82
456
491
156
647
Not book valuo
As at 31 July 2024
AS at 31 July 2023
426
500
123
35
549
535
10 Debtors
2024
2023
Prep8yments and accrued income
2,000
11 Credltors: Amounts falllng due wlthln one year
2024
2023
Trade creditors
Taxation and social security
Accruals and deferred income
100
636
2,332
3,068
1,686
141
6,097
7,924
Page 12

Ivegill Nursery CIO
Notes to the Flnancial statements for the Year Ended 31 July 2024
. continued
12 Penslon 6cham&
Dellned Contrlbutlon penslon schema
The charity operates a defined contribution pension scheme, The pension cost charge for th8 P8ri0d
represents contributions payable by the ch8rty to the scheme and amounted to £1,00412023- £996).
There were no outstanding or prepaid contributions at either the beginning or end of the financial year.
13 Related partlè8
Controlllng antity
The charity is controlled by the trustees
Related party tran8a¢tion8
E J Rickerby made small cash 8dvances lo the charity for rniscellaneou5 operating expenses over the
course of the year, These funds were held in petty cash and have been repaid during the Gurrent year.
14 Analy81$ of fund8
At 1 August
2023
Incomlng
re80ur¢e8
R080urc88
Oxpondod
At 31 July
2024
Ooneral Funds
Unrestrictsd income fund
39,215
57,079
{56,9831
39,331
Ra8tri¢ted Fund8
Restricted income fund
39,215
57,079
{56,963
39,331
Page 13

Ivegill Nursery CIO
Notes to the Financial Statements forthe Year Ended 31 July 2024
. continued
Prlor perSod
At 1 August
2022
Incomlng
re80ur¢e8
Re60ur¢es
expendod
At 31 July
2023
General Fund8
Unrestricted income fund
51.559
42,308
{54,652)
39,215
Restrlctsd Fund8
Restricted income fund
51,559
42,308
{54,6521
3g,215
15 Net a888ts by fund
Unre8trlcted
Funds
Total Funds
2024
Total Fund8
2023
Tangible assets
Current 8ssets
Creditors.. Amounts falllng due withln one year
Net assets
549
41,850
{3,068
39,331
549
41,850
3,068)
39,331
535
46,604
17,924
39,215
Prlor perlod
Unrestrl¢ted
Funds
Total Funds
2023
Total Funds
2022
Tangible assets
Current assets
Creditors.. Arnounts falling due within one year
Net assets
535
46,604
{7,9241
39,215
535
46,e04
(7,g241
39.215
759
52,405
(1,8051
51,559
Page 14