MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT MSDNFSU CHAIUTABLE tYCORPORATED ORGAMSATION YEAR ENDED 31 MARCH 2024 ATIENE AGHF.GHO LLB(Hons). LLM. FCCA ATIENE AGHF.GFIO & CO LTD CHARTF.RED cERTIFD AccouKfANTS 18 BEATIUCE ROAD FINSBURY PARK LONtK>N N4 4PD
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHARITABLE INCORPORATED ORGANISATION LEGAL AND ADMINISTRATIVE DETAILS MISSION STATEMENT Th¢ Mary Seacole team aims to provide quality care and education in a f nurturing. efficient, stable and bappy environment. The team will endeavour to do this through collabordtion. praise and working in partnership with parents. The team will do its work in a positive and suptM)rtive way. The team ain through excellent care and good practise to build good character that will I¢fit the chiIiL family and our community. TRUSTEES Chair: Daood Kha Acting Trvasurer: Daood Kban The MSDN Management Committee is looking for new officers as our prevtous Vice Chair and Treasurer have now left MSDN. MAPP Community C¢ntrc. 22 Mount Ple&sanL Reading, Berkshire. RGI 2TD. REGISTERED CHARITY NUMBER 1162115 ACCOUNTANTS Atiene Aghegho LLB(Hons), LLM, FCCA Atiene Aghegho & Co. Ltd c.hartered Certificd Accountsnts 18 Bealrice Road Trinsbury Park London N4 4PD
MARY SEACOLE DAY IYURSERY AIYD FAMILY SUPPORT UNrr li CHARITABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees have pleasure in presenting their report to the members, together with the financial statements for the year ended 31 March 2024. PRINCIPAL ACTIVITY The provision of a first-class childcare and nursery facility, for children aged 3 months to 5 years old in th¢ Reading atea. By charging a competitive f, we hope to make this facility available to parents and children who wouId not norn]ally have access to nursery ¢ducatio READING EARLY YEARS QUALITY SERVICE e acknowledge the important role which Reading Early Years Quality Sernices play in helping to improve the services we offercd to the families who used our services. We particularly want to thank our Early Yeas Advisory Teachers and the Under 5's Advisory team for their dedication to the improvement of the setting. As a resu]t of the involvement of the Early Years Quality Services. the quality of our practices has improved. We look fornard to continuing this close relationship. CHILDREN The demand for nursery places continues to be high and we expect this to continue. The Nursery is now well established within the Katesgrove are& W¢ expect the nursery to continue to achieve its ainL to provide integrated nursery. education and training as part of its benefits to the children. students and families who use the service. STAFF The NuTsery could not fimction without a pool of dedicated staff. Once again: staff have perfornied admirably. Given the constraints &ssociated with a small organisation, they are often called upon to be creative and innovative in the car¢ and learning experience they pmvide. We are thank for their high level of perfornlance and continuing dedication.
MARY SEACOLE DAY NURSERY AND FAMtLY SUPPORT iJNrr CIIARITABLE INCORPORATED ORGANtSATION REPORT OF THE MALYAGEMENf COMMTrrEE Continued FOR THE YEAR lED 31 MARCH 2024 MANAGEMEiYf CoMlrrrEE We woutd like to thank aIl those who have served on th¢ Management committee during the yw ended 31 March 2024. We appreciate that Con]mittee involvement is challenging, neverth¢less. il can be inter¢stiDg and petsonally rewarding. FINANCE We regard the state of affairs of the Organisation's finances for the year to be satisfactory. There w&s a net deficit of income over expenditure of £42,292, (2023: Surplus of £SO,170). THE T*lAPP PARTNERSHIP We have defined the services that wc nm. We have worked on a cash flow projection to ensure long-tern] viabilitv of the Nurs¢ry. We have been working closely with the EaTly Years Development and Childcare Partnership and look fonvard io becoming part of thc Katesgrove virtual Children Centre. in order to achieve our goal of long-tern] viabilily. We look fonvard to offering a range of services with MAPP and Kategrove Children Centre over the next 12 months. INCOME A table of our sources of income is set out below: 2024 2023 lllcome Analysis F.ees Bank Interest Other 293,067 4.864 11.860 94.60 1.57 3.83 380.244 96.68 1,259 0.32 11.793 3.00 31V),791 100 393296 100 EXPENDuRE Employment costs continue to be our nLqjor item of expenditure. A table of our costs is set out below: 2024 Expendithre ADatysis Employment Costs Catering Costs 2023 288.188 1.806 62.089 81.85 0.52 17.63 276.346 88.25 1.737 0.56 35.043 11.19 352,083 loo 313,126 loo
MARY SL4COLE DAY WuILSERYJI) FKMILY SUPPORT UNIT CHARifABIX ThCORPORATED ORGLWISATI0, REPORT OF THE TRUSTELS(CoDtiDued) The Nursery fully self-fiDCill& It is projected that lee5 will c(Intinue to it wblch enable the nursay to be indep¢ndenL The filttire will pose n INDEPENDEThT EXAMINATIO.N OF THE ACCOUN15 A resohrtion for Aghegho & Co Lt Clwtcrol Certified Account3nts, to be GLW4ERAL MEETLWG The AGM will be held on 6 March 21f25 at 22 Mount PleasaDL Readi Be1. RGI 2TD 2015
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNrr For the year ended 31 March 2024 I report to the trustees on my examination of the a¢¢ounts of the above charity for the year ended 31 MarcEL 2024 Responsibilitses and basis of rep)rt As the charity's tntees. you are responsible for the preparntion of the accounts in accordance with the requirements of the chltieS Act 2011. I report in respect of my examination of the Organisation's accounts carried out under section 145 of the 2011 Act and in carying out my examinatio I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examin¢r's statement The charity's gross income exceeded £250.000 and I am qualified to undertake the examination by being a qualified m¢mber olthe Chartered Association of Certified Accountan I have completed my examinatiotL I confmn that no material matters have come to my attention in connection with the eXalatiOn Ivhich gives me case to believe that irn any material respect: th¢ accounting records were not kept in accordance with section 130 of the ChariÈi¢s Act; or the accounts did not accord with the accounting records. or the accounts did not con]ply with the applicable requirements concerning the forni and content of accounts set out in th¢ Charities Accounts and Reports Regulations 2008 other than an}, requirement that the accounts give a 'trne and fair, view which is not a tnatter considered as part of an independent examinatiorL I have no concerns and hav¢ come across no otheT matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reache(L Atiene Aohegho Ll.B(Hons), LLM, FCCA Ati¢ne Aghegho & Co Ltd Chartered Certified Accountant 18 Beatrice Road Finsbury Park London N4 4PD Date:........................
MARY SEACOLE DAY NURSERY AND FAILy SUPPORT UNIT CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Incoming Resources 309,791 393,296 Direct Charitable Expenditlwe 285,060 264,840 Management and Adtninistration of the Charity 67,023 48,286 Total Resources Exp¢nded 352,083 313.126 Net Swplus / (Deficit) Resources for the Year (42.292) 80,170 Balance Transferred In at 30 April 2023 329237 249.067 BaIances Carried Fonvard at 31 March 2023 286,945 329,237 The Notes on pages 9 to 12 forni part of these Financial Statements
MARY SEACOLE DAY IRSERy AIYD FAMILY SUPPORT UNIT CHARITABLE INCORPORATED ORGANISATION BALMCE SHEET AS AT 31 MARCH 2024 Note 21124 2023 Fixed Assets 1,958 6,983 Current Assets: Debtors Cash at bank and in hand 16,717 317,113 333,830 13,180 330.333 343513 Liabilities= Amount falling due within one year 48,843 21259 Net Current kns¢ts 284.987 322254 Total Assets Less Current Liabilities 329 Funds Accumulated General Fund 329 The notes on pages 9 to 12 forn] part of these Financial Statements.
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHAIUTABLE INCORPORATED ORGANISATION NOTES TO THE Accouiyrs FOR THE YEAR ENDED 31 MARCH 2024 (l) Accountino Policies Accounting convention". The FinanciaI Statements are prepared in accordance with the historical cost convention. I)epr¢ciation is eulated to write off the fixed assets over their esttmated use1 lives. (2) Incoming Resources Notes 2024 2023 Fund Raising Events LocaI Authority Grant Bank Interest Other Income Fees 696 190 4.864 8,086 296 145 1.259 11,603 Total Incoming Resourc 309.791 393296 (3) Resources Expended Dirert Charitable Expenditure 2024 2023 Salaries Pension & NIC Catering Premis¢s, Rates, Light and Hcat Nursery Toys, Equip.: Supplies etc Insurdnce Refuse Collection and Cleaning Nursery Maintenance Traintno Milk Hiie of Equipment Depreciation 255,508 1,640 12,764 2.733 3,519 2.080 562 2.285 167 3,631 171 245.009 1,547 7,888 1,056 2,163 2,216 834 1.954 190 1,755 228 Total Direct Charitable Expenditure 285,060 264,840
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHARITABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNrs FOR THE YEAR ENDED 31 MARCH 2024 (4) Management and Administration of the Charitv 2024 2023 Salari¢s, Pension & Ntc Other Staff Cost Printtng, Postage and Stationery Independent Examiner's Fee Accountancy & Book-keeping Fees Professional Fees Payroll Admin Payroll Services P¢rsonnel, Health and Safety Telephone and Internet IT Software and Consumables Repairs and Renewals Bank Charges Subscriptions (Teneral Expenses Bad Debts Depreciation 32,680 3.720 740 2295 1,584 4.496 2,079 1,020 4.276 1,122 3.669 185 403 524 2,630 5,118 482 31.337 793 2,295 300 2,158 3,359 952 471 2,788 496 520 718 2,099 Total Management and Administration of the Charity 67,023 48,286
10 MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHAIUTABLE INCORPORATED ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (5) Fixed Assets 2024 2023 Totsl Equipment Furniture & Fittiogs Total Cost Cost at l April Additions Disposals Cost at 31 MaTch 24.934 125 (14.308) 10,751 10.412 14.522 125 24,934 (14.308) 214 10,537 24.934 Depreciation At l April Charge for the Year Disposals 31 March 17.951 653 (9.811) 8,793 7,978 640 9.973 13 (9,811) 175 15,624 2,327 8,618 17.951 Net Book Value At 31 March 2024 1,958 1,919 39 Net Book Value At 31 Mareh 2023 6,983 2.434 4,549 6,983 {6} Debtors 2024 2023 Fees Receivable Prepaymenis 12,656 4,061 13,180 Totals 16,717 13.180
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHARrrABLE INCORPORATED ORGANISATION NOTFS TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (7) Liabilities: Amounts falling due within one Year 2024 2023 Fees Received in Advance Accruals Refundable Deposits Sundry Creditors Tax and Social Security Pensions contributio Due 1,066 2.595 9.300 14,790 20.223 869 3,585 2.910 8,750 1,619 3,405 990 Totals 48W3 21259 (8) Th¢ results for the period is stated after chargin 2024 2023 Independent Examiner 2295 2295