2023-03-31-accounts

Charity registration number.. 1161710 Eastwood Neighbourhood Nursery CIO Annual Report and Financial Statements for the Year Ended 31 March 2023 'Play, learn and gmw togethe

Eastwood Neighbourhood Nursery CIO Contents Icontinued) Reference and Administrative Details Trustees. Report 2108 Independent Examiner's Report Statement of Financial Activ￿"e$ 10 10 11 Balance Sheet 12 Notes to the Financial Stslements 131028

Eastwood Neighbourhood Nursery CIO Reference and Administrative Details Trustees S Condliffe, Chair D Chadwck. T￿aSU￿r N Hajiani, Secretary V Brovm D Condliffe M Cunnington V Brovm, Manager M Cunnington, Deputy C Amold. Finance Officer Sonlor Manag•m•nt I L8ad8rship Team Charity Registration Numb8r 1161710 Principal Offic 100 Franklyn Street Hanley Sloke-on-Trent ST1 3HD Inde￿ndfrnt Examlnor Daryl Denson ACMA VAST The Dudson Centre Hope Street Sloke-on-Trent ST1 SDD Bankern Nat West 1 Upper Huntbatch Street Hanley Sloke on Trent ST1 1NS Page 1

Eastwood Neighbourhood Nursery CIO Trustees. Report The trustees present the annual report together vAth the finawal statement$ of the charity for the year ended 31 March 2023. Structure, governance and managèment Nature ofgovéming document The nursery was registered as a chanty on 22 April 1993. On the 18 May 2015 a Charitsble Incorporated Organisabon ICIOI was sel up and the assets and operations of the original charity were transferred to the CIO on 6 April 2016. The CIO was established under a consts'tution which outline$ the objectives and powers of the charity and is governed by the Charibes Act 2006. Re¢rultment and appolntment of trustees The appointment of Iruslees is governed by the constitution of the charity and is made if new Iruslees are required.There are currently six Iruslees are responsible for the overall management and ntrol of the chanty. The appoinbnent of trustees is govemed by the constituts'on of the charity and is made if new trustees are required. None of the Irustees has any financial interest$ in the charity. Inductlon and tralnlng of twstee$ The Iruslees bring specific skills, knovAedge and expenence into our oversight of the charity and each Iruslee holds oversight for spttifie areas of the business of the chanty. The training and induction of new Iruslees is supported by both existing Iruslees and the management team. A new Iruslee is given copie$ of the key documents associated wlh Ihe governance of the Charity. the latest financial infomiation and accounts. and ￿ look at how roles and responsibilities are shared acro$$ the Iruslees. Org•nlsatlonal structure We have a strong leadership team in place. wth a clear vision for the development of the Nursery. The leadership team has over 30 years of expenence in Eady Years Childcare and Education. The day-to-day management of the Nursery is delegated to the Management Commrttee. under the leadership ol the Nursery Manager. with the support of the wder senior management team. They rneel regularfy lo maintain ¢)versight of finances, complwrKe ￿th legal requirements and fomard planning. We are developing senior staff as part of succession planning to ensure the future of the Nursery remains in the best of hands. Page 2

Eastwood Neighbourhood Nursery CIO Trustees. Report (continued) Relationships with related parties Stoka on Trent City Council The charity is guided by Children & Young Peoples Semces which is based wrthing Stoke on Trent City Council. Our charity is monitored by Business Officers, Development Officers, and Early Years Consuttanls wrth regular visits according to the charity's needs. We attend Managers Meetings with these teams for advice and support wth is invaluable lo us. Eastwood N•lghbourhood Nursory PSFA EaS￿00d Neighbourhood Nursery PSFA was established as a charity by rt is constr(ution adopted on 2nd November 2016 and registered with the Chanty Commission on 26th September 2017. The PSFA fundraises for Eastwood Neighbourhood Nursery CIO and Is a separate charity with rts own Irustee5' board. Two of the Iruslees of the CIO are Iwslees of both the CIO and PSFA and another member ol the management team 1$ a Iru$tee ofthe EasfvKw)d Neighbourhood Nursery PSFA. OblectiveB and actIvI￿e8 ObJ•¢ts andalms To advance for the public benefit the educats.on and development of Children by Such means as the charity Iruslees think fft and in pa￿'Cular by". al The provision of a tjay nursery providing high quality ￿re and education for children below Statutory school age which promoles their care. safety and health and wellbeing bl The provision of the necessary facilits.es for the daily care. recreation and edUca￿On of chlldren during out of school hours and school holidays. The charity aims to give the children entrusted to our care the best start in lrfe through quality childcare and education. Within the remit of the chaity's objects the twslees have sel a number of aims for the charity. The eharity aims to give Ihe children entrusted lo tyjr care the best Start in life through quality childcare and education. To ensure that all children'g individual health and vdlbeing needs a￿ met. • To sel out the CIO'S direcb'on. uphold and promote rts values an(J deliver ils goals. To attend regular Trustees meeljngs and activity contribute to the effective management of the meeting. To ensure that the CIO does not break any of the requirements of the conslilutionlptslicieg and procedures. • To liaise and work effectively the Twstees and the team trrringing all our ideas. prospectives and experience to the committee to support the CIO. . To keep abreast of current developments that may impact the CIO. * To have an effective communication between Twslees and members of the committee + To work wlh the Finance Officer lo set budgets and monilor the financial situation. Page 3

Eastwood Neighbourhood Nursery CIO Trustees. Report (continued) Who we help We accept children from the local areas, as well as children vthose parents commute into the area for work and education. We understsnd that sending a child to Nursery can be a difficult choice or a decision dictated by financial needs. Our ambition is to create a welcoming and indusive environment vthere children can thrive, make friend, and participate in a range of activities. We want parents lo have confidence that they leave their children in the hands of a competent, friendly, and nurturing staff team and in a dean, safe and sts'mulating environment. We adopt a flexible approach to the care package each thild has. %thich means %%E can respond to and meet each family's different needs and make a change where needed. This way we work chil¢Jren focuses on their well-being. We have safeguarding policies and procedures in place to ensure that every child, regardle$$ of their age, gender. religion. or ethniaty, are kept safe and their welfare prioritised. We work wlh our health. social and educatson partners lo ensu￿ that support for children and their families is child centred, timely and Cctrordinated through good communicats'on and collaborative working. Our manager is the Special Needs Coordinator ISENCOI vtho works alongside an as51Stanl SENCO who liaise wth children's key Wofkers. parent. speech and language therapist, health visitors, inclusion team and the Earfy Years Forum followng the SENO Code of Practice. We have a community room in our Nursery premises, which we offer to parents. professionals and children to use lor meetings and other activib"e$. We carry out 1..1 intensive interest activities with our children with SEN in our community room. We work Closely wlh our neighbour. Waterside Primary S¢hool to enhan¢e joint working opportunities. We also work closely Waterside and wder primary school partners to ensure that our children and parents are'school readl. Our staff team are important to us. We vrdnl our staff team lo be happy, welkequipment and suppgrted to do an excellent job. We have a motivated and stable staff team. We employ 21 members of staff with a blend of Contra￿e￿ hours anLI skill set and minimal lumover. All our care stsff a￿ qualffied lo NVQ level 2, 3, 4 and Foundation Degree. Our stsff ￿9￿larlY attend update ￿￿r$e$ we have ftjnded lo maintain their skills and kno￿edge and as part of their ongoing professional development. We also have students and volunteers who attend our nursery on placement a5 part of their training. Public 8•n•fit The trustee5 confirm that they have complied with the requirements of section 17 of the Charrties Act 2011 to have due regard to the public benefft guidance published by the Charity Commission for England and Wales. Page 4

Eastwood Neighbourhood Nursery CIO Trustees. Report (continued) What others say about us As a provider of childcare, the nursery is registered wth OFSTED. Under our terms of registration, we must ensure that the care provided meets the requirements of the statutory framework for children's learning, development and care. The TTLlStees are extremely proud to report that the nursery was inspected followng the year end in April 2019 and awarded a rab.ng of'outslanding,. About tho last 12 months- Achig¥em•nts and perforniance The Trustees believe the achievements and performs of the Nursery over the last 12 months have continued to be outstanding. We are a relatively small charity and we do not have the time to do everything we want lo. As Trustees we continue lo be amazed by the energy and resilience of our staff and their ability lo maintain and sense of humour. At the end of the financial year, we had 79 children in our care and prowded approximately 154,050 hours ol childcare over the last 12 months. We have prepared 28 children for primary school, supporting their transth'on and handover to other adults wll continue their education journey. We supported 7 children vtho were identified as having $pe¢ifi¢ leaming or social difficulties. The 5UPPOrt included Speech and Language, Specific Strategies for their difficulty and Earty Years Forum Referral. . We offered contsnuity and certainty of chil¢J¢are for children and parents through a stsble staff team and safe, $e¢ure environment. . We conts'nued lo work with local colleges to offer placemenl for students on childcare courses. We continued to value and care for the environment through the education of our children and changes lo how we purchase and use our resources. We provided good qualty toys. equipment and resources including maintenance of our outdoor play areas. We provided structured days, opportunitie$ for play and leaming and praise, encouragement and lau9hler. We implemented the changes lo the statutory EYFE framework which became law in September 2021. Page 5

Eastwood Neighbourhood Nursery CIO Trustees. Report (continued) Financial review- How we have spent and managed our money We receive parent paid fee income and funded by the Local Authority to provide Early Education for 2,3 & 4 year old children. We also receive Pupil Premium fvnding, which is awarded lo make a drfference lo the most disadvantaged of our children. We receive funding for support and re$our¢e$ for our ¢hildren %Mth Speaal Educational Needs. We are not involved in large Scaling lunding. The Ea5fv￿ Neighbourhood Parents, Staff and Friends Association continues lo adively lundraise on our behalf allowing us lo invest in additional resources and opportunitses to enhance the experience of chIld￿n in our ca￿. How we manage the money we receive We are a relatively small chafrty and our biggest challenges untinue lo be". Failing to generate enough in￿me. • Failing to effectively manage our budget and financial wabilty- The sector remains challenging With staff and running costs increasing and Local Authority funding not a￿ayS covering the cost of delivering fun¢Jed places. We have continued to keep fees as low as possible and staff paid a fair wage or salary. Our expenditure Is focused on ensuring we have the Staff, premise5 and the resources lo support our children lo thrive in a happy. healthy and secure environment. Our total income lor the year was £367.938 which is broadly in line total income fgr the year ended 31 March 2022 of £368.313. However. expenditure for the year increased by £20.633, this increase ha5 been caused by nsing costs in wages. food. ub'lits"e$ and other charitable expenses. Our primary costs continue lo be staff wages. We continue to maintain oversight of our staff contracts. fee structure and session ts'mes and monitor and respond to changes in the funding of Earfy Years care so Y￿ can adapt if we need lo. This 1$ e55enti.al because of the nature of lunding for 2, 3 & 4 year olds. In previous years, V￿ have been left wth out$tsnding fees. In response lo thi$ we have strengthened our procedures and follow up, including instigation of claims through the courts where necessary. These changes continue lo ensure that the level of OLtstanding fees is as low as possible, and our Management Team are commended for their continued oversight and work wth parents lo manage what can be emotive situations. Page 6

Eastwood Neighbourhood Nursery CIO Trustees. Report (continued) Policy on reserves At the year and unrestricted reserves are £31,20012022'. £58,866) comprises £23,449 of fixed assets12022'. £24,9211 and £7,751 of current assets12022.' £33,945). The charty has set a reserve tsrget lor fvnd not ¢ommitte(l or invested of £20.000 to be sel aside for future unexpected expenditure. Most of the charity's income is committed to the day to day running of the nursery and the trustees recognise that this wll not be achievable in the short term. In the meantime, we continue to monitor our expenditure to ensure that any avoidable or unnecessary costs are managed. Our current financial position is considered satisfactory. We do not carry any significant debts and we continue to reinvest surpluses back into the nursery. The Trustees are satisfied that the charity continues to be financially viable. Prln¢lpal funding sources - whgrn ourmoney comes from Our prineipal source of income is fees for chiklren attending the nursery and our belorelafter school and holiday club. We qualfy for Local Aulhorty Earty Years ftjnding for 2, 3 & 4 year olds. We receive Pupil Premium lundin9 which is awarded lo make a difference lo the mo$1 disadvantaged of our children. We also receive fvndin9 for our children with SEN. The Eastwood Neighbourhood Nursery PSFA conb.nues lo acb.vely raise fvnds on our behalf allowng us lo invest in additional ￿sourceS and opportunities lo enhance the expersence of childr&n when in our care. About the next 12 month8 - what ￿ VAnt to a¢hl•v• We want to contsnue to make a difference in children's lives. Qualify Early Years provision narrows the gap befvRen di58dvantaged and non-di5advantaged children. In Stoke on Trent the proportions of children aged under 16 in households where the level of income means they cannot afford basic svbsislence has risen to 33.2% Iofficial Stslistics - Child￿n in Iow-income families in Stoke on Trent 20231. Our lo¢u$ for the coming year includes.. We wll continue lo collaborate %Mth our partners and families lo provide high qualty care and education for children. . We will provide practical support and involve other services to address the impact of poverty and the C051 of living on lives of children and their families. * We VAII maintain the quality reflected by our outstanding OFSTED rating. We wll fom)alise a quality framework to support the monitoring of our performance as part of the ongoing improvement of our govemance structure to help us know there we may need to focus and . We wll continue to develop and value our slaff team. + We will Continue lo maintsin and develop our links y￿1h our local community and organisab'ons. We wll review our mission statement and document our ethos in temi of what we value, how we run the Nursery and what we do for the children. . We will prepare for and celebrate our 20th anniversary as a Neighbourhood Nursery. We moved into our ovm premises and stsrting caring for children of all age5 a5 a chaiity in 2004. Page 7

Eastwood Neighbourhood Nursery CIO

Trustees' Report (continued)

The annual report was approved by the trustees of the charity on 1 February 2024 and signed on its behalf by:

~~Sharon Condllf~~ !Cs Mr ~~e~~ (Feb l, 2024 05:10 GMT)

S Condliffe Trustee

Page 8

Eastwood Neighbourhood Nursery CIO

Independent Examiner's Report to the trustees of Eastwood Neighbourhood Nursery CIO

I report to the trustees on my examination of the accounts of Eastwood Neighbourhood Nursery CIO for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity trustees of Eastwood Neighbourhood Nursery CIO 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 Eastwood Neighbourhood Nursery CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since Eastwood Neighbourhood Nursery CIO's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of CIMA, 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:

1. accounting records were not kept in respect of Eastwood Neighbourhood Nursery CIO as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting 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.

Daryl Denson ACMA

VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD

Date: 01/02/2024

Page 9

Eastwood Neighbourhood Nursery CIO Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Unr¢$trl¢t Restrl¢ted Note In¢omg and EndO￿lnents from: Donations and legacies Charitable activities Other trading activities Investment income 17,851 17,851 349,767 254 66 349.767 254 Total in¢ome 350.087 17,851 367.938 Exp•ndltur• on: Charitable activities 378,927 26,870 405,797 Total expenditure 378,927 26,870 405,797 Net expenditure Gross transfers bets¥een funds {28.8401 1.174 (9,0191 1,174 137,8591 Net movement in funds {27,6661 110,1931 137,8591 RoConcllla￿On of lunds Total funds brought forward Total funds carried forward 58,866 242,176 301,042 17 31.200 231,983 263,183 The notes on pages 13 10 28 form an integral part of these financial stslements. Page 10

Eastwood Neighbourhood Nursery CIO Statement of Financial Activities for the Year Ended 31 March 2023 (continued) Total 2022 Unr¢$trl¢t Restrl¢ted Note In¢omg and EndO￿lnents from: Donations and legacies Charitable activities Investment income 352 363.944 4,013 4,365 363,944 Total income 364.300 4,013 368,313 Exp•ndlture on: Charitable activities 369,966 15,198 385,164 Total expenditure 369,966 15,198 385,164 Nel movement in fund$ 15.6661 111,1851 116,8511 Roconclllatlon of lunds Total funds brought fO￿ard Total funds carried forward 64.532 253,361 317,893 17 58.866 242,176 301.042 All of the charity's ath'vities derive from continuing operations during the above period5. The funds breakdown for 2022 1$ shown in note 17. The notes on pages 13 10 28 form an integral part of these financial stslements. Page 11

Eastwood Neighbourhood Nursery CIO

(Registration number: 1161710) Balance Sheet as at 31 March 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible assets	13	254,362	266,395
Current assets
Debtors	14	5,278	6,469
Cash at bank and in hand		8,817	33,505
		14,095	39,974
Creditors: Amounts falling due within one year	15	�5,2741	�5,3271
Net current assets		8,821	34,647
Net assets		263,183	301,042
Funds of the charity:
Restricted income funds
Restricted funds		231,983	242,176
Unrestricted income funds
Unrestricted funds		31,200	58,866
Total funds	17	263,183	301,042

The financial statements on pages 10 to 28 were approved by the trustees, and authorised for issue on 1 February 2024 and signed on their behalf by:

SharonCondliffe(Febl,202405:l0GMD ~~. M~~ r S Condliffe Trustee

The notes on pages 13 to 28 form an integral part of these financial statements. Page 12

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 1 Accounting policies Ststsmont of ¢omplian¢¢ The Charity is registered as a CIO (Charitable Incorporated OTganisationl The Charity Commission lor England and Wales. The financial statements have been prepared in accordance 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 IFRS 1021 lissued in October 20191- Ichanbes SORP IFRS 10211. Ihe Financial Rewrting Stanijard applicable in the UK and Republic of Ireland IFRS 1021 and the Charibes Act 2011. Basls of preparatSon EaS￿00d Neighbourhood Nursery CIO meets the definition of a public benefft entty under FRS 102. The accounts (financial statement51 have been prepared under the historical cost convention wlh item5 recognised al cost or transaction value unless othewse stated in the ielevanl nolelsl lo these accounts. Golng concgrn The financial $tstemgnts have been prepared on a going concem basis. The Iruylee$ •sse$y vthelher the use of going con¢em 1$ appropriate i.e. whèther there are any rnalerial uneertainlie5 related lo events or eondib.ons that may cast significant doubl on the ability of the charity to conty'nue as a going ¢oncem. The Iru$lee$ make this as$e$smenl in respe¢l of a period of one year ftom the date of approval of the financial statements and have considered the small current assets position at the balance sheel date. The Iruslee5 are confident that change5 they have made to the structure of the nursery Sessions and lees. along with increasing numbers of ¢hildren. wll have an ongoing poslive impact on the financial position of the nursery as has been seen in the financial year ended 31 Mai¢h 2021. Incomo and endovnnents Voluntsry income including donations. gifts, legacies and grants that provide core funding or are of a general nature 15 recognised %then the charity has entiUement to the income, rt Is probable that the income wll be received and the amount can be measured with SLthcienl reliabilty. Donatlons andl•gaclos Donations and legacies are recognised on a receivable basis vthen ￿ceIpt is probable and the amount can be reliaNy meaSu￿d. Grants receivable Grants, including grants for the purchase of fixed assets. are recognised in full in the statement of financial activities in the year in which they are receivable. Donatedsetrvices and facilities Donated services and facilrties are included at the value to the charrty where this can be quantified. The value of Servies provided by volunleers has not been quantiffied. Page 13

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued Exp•nditur8 All expenditure is recognised once the￿ is a legal or constructive obligation to that expend((u￿, il is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditu￿ heading that a99regate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent wth the Use of resources, wth central staff costs allocated on the basis of bme spent, and depreciab'on charges allocated on the portson of the asset's use. Other support costs are allocated based on the spread of $taff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie$ and services for ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an Indirect nature necessary lo support them. Governanc8 Costs These include the costs attributable lo the Charity's compliance th constrtulional and stslulory requirements, including audil, strategic managemenl and trustees meetings and reimbursed expenses. Gov•rnm•nt grants Government grants are recognised based on the accrual rnodel and are measured at the fair value of the asset ￿ceIVed or receivable. Grants afe classified as ￿latsn9 either to revenue or lo asselg. Grant$ relating lo revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over ihe expected useful life ol the a$$el. Where part of a 9rant relats'ng to an asset is deferred. it is recognised as deferred income. Taxatlon The charity is considered lo pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definib'on of a ¢haritsble company for UK corporation tsx purposes. Accordingly, the Charity is potentially exempl from tsxation in respect of income or capitsl gain$ received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or 9ains are applied exclusively lo chantable purposes. Tanglbl8 flxed assèts Individual fixed assets costing £100 or m¢ye are initialty recorded at cost, less any subsequent accumulated depre￿atIon and subsequent ac¢umulated impaim)ent los$e$. Dep￿cIatIon and amortisation Depreciation is provided on tangible fixed assets so as to wrrte off the cost or valuab"on, le55 any e51imaled residual value, over their expected useful economic life 85 follows-. Page 14

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued As$¢t class Buildings Leasehold improvements Fixtures. fittings and equipment Computers Doprg¢latlon mothod and rats 2% per annum straight line 10% per annum slraighl line 25% per annum ￿d￿cing balance 33% per annum reducing balance Trad• dobtors Trade debtors are amounts due from customers foi merchandise sold or seNices performed in the ordinary course of business. Trade debtors are recognised initsally at the transaction price. They are subsequently measured al amorb'sed cost using the effective interest method, less provision for impaimienl. A provision for the impairment of 15 established when there is objective evidence that the wll not be able lo collect all amounts due according to the original lemis of Ihe receivables. Trade creditors Trade creditors are obligaty'on$ lo pay fof goods or se￿l¢e$ Ihat have been a￿Uired in the ordinary course of business from suppliers. Accounts payable are classified as Current liabilities if the does not have an unconditional right. al the end of the reporting period, to defer settlement of the creditor for al least twelve months after the reporting dale. If there is an unconditional right to defer settlement for al least tr￿1ve months after the reporting dale. they are p￿Sented as non-current liabl1￿.e$. Trade creditors are recognised initi'ally at the transaction pri￿ and subsequently measured al amorts'sed cost using the effective interest method. Fund $tructurg Unrestricted income funds are general funds that a￿ available for use al the Iruslees discretion in furtherance of the objecb'ves of the Charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme %thich is a pension plan under which fixed contributions are paid into a pension fund and the chanty has no legal or conslrucb.ve obligation lo pay further contributions even rf the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions lo defined conlribub.on plans are recognised in the Statement of Financial Activitie5 when they are due. If contribution payments excee(I the contribub.on due for service, the excess is recognised as a prepayment. Page 15

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued Flnanclal In$twmonts Classrfication Financial assets and financial liabilities are ￿CognIse<l vthen the charity becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the conlraclual arrangements entered into. An equity instrument is any contract that evidences a residual Interest in the assets of the charity after deducting all of its liats'lrties. Recognition and measurement I financial assets and liabilibes are initially MeaSu￿d al Iransa¢ts'on pri¢e (including Iransa¢iion costs), except for those financial assets dassified as at fair value through profit or loss, which are initially measured al fair value l%thich is normally the transaction price excluding transaction Coslsl, unless the arrangement constrtutes a financing transaction. 11 an arrangement constitute5 a financing transaction, the finanoal asset or financial liability is measured al the present value of the future payments discounted al a markel rale of interest for a similar debt inslrumenl. Financial assets and liabiliti'es are only offset in the statement ol financial p051tion when, and only when there exists a legally enlorceable right lo sel off the recognised amounts and the charty intends either to settle on a nel basis. or lo realise the asset and settle the liabilrty simuttaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled. bl the charity transfers to another party substantially all of the risks and rewards ol ownership ol the finaneial asset, or cl the ¢harty. despite having retained some. bul not all, significant risks and rewafds of ownership. has transferred control of the asset to another paty. Financial liabilities are derecognised only ￿en the obligation specified in the contract is discharged, cancelled or expires. Page 16

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 2 Income from donations and legacies Restricted fund$ Total 2023 Grants, including capital grants: Government grants 17,851 17,851 17.851 17,851 Unr•strl¢tod fund$ General R•striclod funds Total 2022 Donations and legacies., Donations from individuals Grants. including capital grants; Government grants 352 352 4.013 4.013 352 4,013 4,365 3 Incom• from charltable actlvltl Unr•$trlct•d funds Goneral Totsl 2023 Fee8 Other Funding 270.596 79.171 270,596 79,171 349,767 349.767 Unrgstrlcted funds General Total 2022 Fees other Funding 257,929 106,015 257,929 106,015 363,944 363,944 Page 17

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 4 Income from other trading activities Unrestricted funds General Total 2023 Lo¢al fundraising and street Collection in¢ome 254 254 254 254 Total 2022 S Invostmont Incom• Unrnstricted funds Gonoral Total 2023 Interest receivable and Similar income; Interest receivable on bank deposits 66 66 66 66 Unr•$tricted fund¥ General Total 2022 Interest receivable and similar income., Interest receivable on bank deposrts Page 18

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 6 Expenditure on charitable activities Unrestrict•d funds General Restricted fund$ Total 2023 Staff cost$ Food Other direct costs Rates & utilities Insurance Repairs & maintenance Travel expenses Telephone & inlemel Printing, postage & slabonery Computer programmes & apps Miscellaneous Depreciation Rent- City Kids Unrt Chargès18ank & HMRCI 303,425 15,037 8.635 10.355 2.684 4.800 132 1,291 6,358 1,591 1.637 1.472 20.740 70 10.573 313,998 15,037 14,371 10.355 2.684 4.800 132 1,291 6,358 1,591 1.637 12,033 20,740 70 5.736 10.561 378.227 26.870 405,097 Unrestrl¢ted funds Gonoral R•strlcted funds Total 2022 Staff costs Food Other direct costs Rates & utilities Insurance Repairs & maintenance Travel expenses Telephone & inlemel Printing, postage & stationery Computer programmey & apps mI￿ella￿e0us Depre¢ialion Rent- City Kids Unit 287,842 14.434 12.711 9.165 2,236 8,712 258 1.280 8.483 1.072 3.245 3,605 18.129 1,568 289,410 14,434 14.995 9,165 2,236 8.712 258 1.280 6.483 1.072 3.245 15,085 18,129 384,504 2,284 11,480 369,172 15,332 Page 19

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued In addition lo the expenditure analysed above, there are also governan￿ costs of £70012022 - £6601 which relate directly lo chantsble actIv￿es. See note for further details. 7 Analysis of gov8rnance and support costs Governance costs Unrestricted funds Gènèral Total 2023 Independent examiner fees Examination ol the financial ststements 700 700 700 700 Unrè$trl¢ted fund$ General Total 2022 Independent exarniner fees Examination ol the financial stslements 660 660 880 660 8 Govornment grants Grant income of £17,851 12022.. £4,013) was ￿e1ve{l from Slokfron-Trent City Council as follows.. SEN Inclusion funding £5,34612022. £803) Pupil Premium £1,80512022." £nill Disability Access funding £3,20012022' £nil) EHCP funding £6,00012022.' £nill Apprenticeship funding £1,50012022.. £nill DLA Funding £nil {2022. £3,210). The amount of grants re¢ognised in Ihe financial statemen1$ was £17.851 12022 - £4.0131. There were no unfulfilled conditsons at the year end, There was no other fom of govemmenl asgistsnce in the year, with the excepbon of the eady yearg funding ￿CeIved. 9 Net in¢omingloutgoing o$our¢es Nel outgoing resources for the year indude.. 2023 2022 Depreciation of fixed assets 12.033 15,085 Page 20

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 10 Trustees remuneration and expenses During the year the charity made the followng transacbons wth trustees". M Cunnington M Cunnington received remuneration of £17,881 12022.. £17,324) during the year. M Cunnington is employed by the nursery as the deputy manager and this is the role for vthich she is paid. She was appointed as a trustee of the charity in the year ended 31 March 2019. This decision was made due to Ofsted requirements and vtho wthin the organisation is eligible to be the lead person for Otsted. Athough this was intended as a temporary measure Ofsted would still like to see the lead person as a trustee. No pension Contributions are made by the charty for M Cunninglon. The remuneration 1$ paid under the authority of the charitys constitution. V Brown V 8rown received remuneration of £20,22812022.. £20,156) during the year. V Brown is employed by the nursery as the manager and this is the fole for which she is paid. She was appointed as a trustee ol the charity in the year ended 31 March 2020. Thi$ de¢ision was made due to Ofsted requirements and who wthin the organisation wa$ eligible to be the lead person for Ofsled for the City Kids after school dub. which runs from a different premises from the nursery. The main nursery Otsled registration is planned lo be transferred lo V Bfown also. but this has not yel been processed due to adminislralion dfficults'es due to the Cow&19 pandemic situation. No pension contributions are made by the charity for V Brown. The remuneration 1$ paid under the aulhonty of the charivs conslitulion. No trustees have received any reimbursed expenses from the charity during the year. Page 21

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 11 Staff costs The aggregate payroll costs We￿ as follows= 2023 2022 staff costs during th8 ygar **re: Wages and salaries Soaal security ￿$ts Pension costs 301,737 8.569 3.892 276,073 10,321 3.016 313,998 289,410 The monthly average number of persons employed by the charity during the year was as follows.. 2023 2022 No No Staff (including senior managemenll 22 21 Conlributs'ons lo the employee pension schemes for the year lotslled £3.69212022 - £3,016). No employee received emoluments of more than £60.000 during the year The total employee benefits of the key management personnel ol the charity were £51,876 12022 - £50.0391 12 Taxatlon The charity is a registered charty and is therefo￿ exempt from taxab'on. Page 22

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 13 Tangible fixed assets Land and bulldlngs Fumiture and •qulpmont Computer •qulpm•nt Totsl Cost At 1 April 2022 319.727 14.578 5.085 339.390 Al 31 March 2023 319,727 14,578 5,085 339,390 Depreciation Al 1 April 2022 Charge for the year 59,202 10.372 11.116 866 2,677 795 72,995 12,033 Al 31 March 2023 69.574 11.982 3,472 85,028 Not book valug Al 31 March 2023 250.153 2,596 1,613 254,362 Al 31 March 2022 260.525 3.462 2,408 266,395 Included wthin the net book value of land and buildings above is £Nil 12022 £Nill in re$pe¢l of freehold land and buildings and £250.15312022 - £260.5251 In respect of ￿ase￿oId$. 14 Dobtor8 2023 2022 Trade debtors Prepayments 4.898 582 5.978 491 5,278 6,469 15 Crgdltors.. amounts falllng dug wlthln one y8ar 2023 2022 Trade credrtors Other creditors Pension scheme creditor Accruals 229 3.285 525 1.235 194 3.020 525 1.588 5.274 5.327 Page 23

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 16 Obligations under leases and hire purchase contracts Op•ratlng leas• ¢ommltm•nts Total future minimum lease payments under non-cancellable operating leases are as follows.. 2023 2022 Oth•r Within one year Be￿en one and five years 2,208 6.072 2,208 8.280 8,280 10,488 Page 24

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued 17 Funds Balance at 1 Aprll 2022 Balance at 31 Mar¢h 2023 In¢omlng rnsourcos R¢$our¢os èxpendèd Trnnsf8rs Unrgstrfctsd funds General General fund 58,866 350.087 {378,927) 1,174 31.200 Restrlcted funds Building Fund Pupil Premium CCTV & Intercom System Playground Project Summerhouse & Sensory Pathway OARF Project Higher Needs Funding New Flooring Disability Living Allowance Disability Acce58 Fund SEN Inclusion Fund EHCP Funding Apprenticeship funding 220,800 39 1,205 18,091 {6,900) {1,750) 13011 {3.015 213,900 94 904 15,076 1,805 1.378 13451 1,033 19 19 500 142 142 253 3.200 5.346 6.000 {2.947 {5.3471 {4.7651 1.500 {1,1751 60 Total re$trlcted funds 242,176 17.851 231,983 26,870 1,174 Total funds 301,042 367,938 405.797 263,183 Page 25

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued Balanc& at 1 April 2021 Incoming resources Resourcas expended Balanca at 31 March 2022 Unrg$trf¢tsd funds General General fund 64.532 364,300 {369,966) 58,866 Rostricted Building Fund Pupil Premium CCTV & Intercom System Playground Projeet Summerhouse & Sensory Pathway OARF Proje Higher Needs Funding New Flooring Disability Living Allowance Total rn$trl¢tsd fvnds 227,700 39 1.607 21,106 16,9001 220,800 39 1.205 18,091 14021 13,0151 2,407 11,0291 1,378 803 17841 19 500 142 3,068 253,361 4,013 15,198 242,178 Total funds 317,893 368,313 385,164 301,042 Page 26

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued The specific Purposes for %thich the fijnds are to be applied are as follows.. Building Fund Money received lo finance the build of the nursery. Pupil Premium Money received lo provide addilonal resources for pupil premium Children. CCTV & Intercom Money received from Commissi¢)nerfs People POv￿r fvnd to purchase and install a CCTV and intercom system. Playground Project Money received from Big Lottery Awards for AJI, City of Sloke-on-Trenl Council Communty Investment Fund and donated by the Ea$fv￿d Neighbourho¢)d Nursery PSFA lo fund an ouldogr play area. Summerhouse & Sensory Path Money received from Te$co Bags of Help to fvnd a quiet outdoor area, the summethouse, and sensory pathway. There was an additional dOnat￿n of £122 from Eash¥ood Neighbourhood Nursery PSFA lo fund fumishin9s for the $Lbmmerhou$e. OARF Project Money received from Stokfron-Trenl Cty Council lo purchase resources to deliver phonics and maths re opportunty area funding. Higher Needs Funding Money received from Stok&orFTrent Cty Counal for an individual child attending nursery with additional need$. New Flooring Money received from the Ward Budget of Slokellon•Trenl Cty Council towards the purchaye of new carpels. Disability Living Allowance Money received from Stokeryon•Trenl Cty Countil for a child with addits'onal needs. Disability Access Funding Money received from Sloke-on-Trenl Cty Council lo assisl in making reasonable adjustments wrthin the setting to support children to access their funded hours. SEN Inclusion Fund Money received from Sloke-on-Trent Crty Council to support the leaming and development needs of individual children ￿th emerging needs. EHCP (Education, Health and Care Plan) Funding Money recevied from Sloke-on-Trenl Crty Council lo lund addtb.onal suppoort for individual chIld￿n th education. health and social needs. Apprenticeship Funding Money used towards wage costs for apprenti￿ employed by the charity. Page 27

Eastwood Neighbourhood Nursery CIO Notes to the Financial Statements for the Year Ended 31 March 2023 (continued £1,175 was transferred from the EHC fund to general unrestricted funds to cover the cost's of a child's place for the full year. 18 Analysis of nat assèts betw88n funds Unrestricted funds General Total funds at 31 March 2023 Restricted funds Tangible fixed a$sels Current assets Current liabilities 23,449 13,025 5,274 230,913 1,070 254,362 14,095 5,274 Total nel assets 31.200 231,983 263,183 Unrestrictsd fund¥ Ggngral Total funds at 31 March 2022 Rtrytrlctèd funds Tangible fixed assets Current assets Current liabilities 24.921 39.272 5,327 241,474 702 266,395 39,974 5,327 Total nel a55ety 58.866 242.176 301.042 19 Relat8d party transactions There wefe no related party transactions in the year. Page 28

Eastwood Neighbourhood Nursery 2023 Accounts for signing Final Audit Report 2024-02-01 Created.. 2024-01-31 By.. VAST kn)￿nts [e-mail] Status.. &gn8d Transaction 10.. C8jCHBC￿AAKasm6UzGNuEEllb)RUZeMC￿SJjOw "Eastwood Neighbourhood Nursery 2023 Accounts for signing" History Document Grealed by VAST Accounts [e-mail] 2024.01.31 . 10.'04."34 AM GMT. IP address.. 195.62.193.126 P. Document emailed lo $haron.condliffe@sky.¢om for $ignalu 2024-01-31- 10..17.'10 AAI GMT Email viewed by [e-mail] 2024.02.01 . S..06..28 GMT. IP address.. 86.188.122.218 Signer [e-mail] entered name al signing as Sharon Condliffe 2024.02.01 . 5..10..26 ￿ GMT. IP address.. 86.188.122.218 Docurnenl e-signed by Sharon Condliffe {sharon.¢ondliffe@sky.¢om) S￿natu￿ Date.. 2024-02-01- 5'.10'.28 AM GMT- TiftE Swrr.' IP ￿ldr￿.. 86.188.122.218 f. Document emailed lo Daryl Denson [e-mail] for signature 2024-02-01- 5.'10.'30 AM Gwr Email viewed by Daryl Denson [e-mail] 2024.02.01 . 9..39..49 ￿ GMT. IP jdr￿s.. 195.62.193.126 Document e-signed by Daryl Denson {daryl.denson@vasl.i)rg.uk) S￿n#tU￿ Date." 2024-02-01- 9".40".32 AM GMT- T1￿￿ Swr(t." sw- IP aldtess." 195.62.193.126 Agreement completed. 2024-02-01- 9".40.'32 AM Gwr la Adobe Acrobat Si8n