MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UMT MSDNFSU CHARrrABLE INCORPORATED ORGAMSATION YEAR ENDED 31 MARCH 2025 ATIENE AGHEGHO LLB(HoDs). LLW FCCA ATIENE AGHEGHO & CO LTD CHARTERED CEKTIFIED ACCOUNTAN13 18 BEATRtCE ROAD FfNSBURY PARK LONDON N4 4P
L4RY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNfT CHARrrABLE INCORPORATED ORGANISATION LEGAL AND ADMINISTRATIVE DETAILS MISSION STATEMENT The Mory Seacolc team aims to provide quality care and education in a fll nurturi, efficienL stable and happy environment. The team wll endeavour to do this through coElaboratioo prdise and working in partnership with paTrnts. The team will do its work in a positive and supportive way. Th¢ team aims through excellent care and good practise to build good character that will ben¢fit the chil¢ family and our community. TRUSTEES Chair: Daood Kha Acting Treasurer: Dao(Kl Kban The MSDN Management Con]mittee is looking for new officers as our previous Vice Chair and Tre&surer have now left MSDN. ADDRESS MAPP Community Centre. 22 Mount PleasmL Reading. Beknhire. RGI 2TD. REGISTERED CHARITY NUMBER 1162115 ACCOUNfANrs Atiene Aghegho LLB(Hons). LLM, FCCA Atiene Aghegho & Co. Ltd Chartered C¢rtified Accountants 18 Beatrice Road Finsbury PaTk London N4 4PD
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CIIAJUTABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ElED 31 MARCH 2025 The Tnths have ple&sure in presenting th¢ii rq)ort to the members. together with the financial statements for the year ended 31 March 2025. The provision of a firSt-Cl childcare and nmery facility. for children aged 3 months to 5 years old in the Reading are& By chaTging a competitive fee, we hope to make this facilkty easily available to patents and ¢hildre]L READING EARLY YEARS QUALrrY SERVICE We acknowledge the important role which Reading Early Years Quality Services play in helping to improv¢ th¢ services we offer to the families who used our services. We particularly want to thank our Early Years Advisory Teachers and the Under 5's Advisory team for their dedication to the improvement of the setting. As a result of the involvement of the Early Years Quality Services. the quality of our practices has improved. We look forward to continuing this cloK latIOnshIp. CHILDREN Th¢ demand for nursery places Continues to higb and we expect this to continue. The Nursery is now well established within the Katesgrove are& We expect the nursery to continu¢ to achieve its al to provide inl¢grated nurxry, education and training as part of its benefits to the Childre students and families who se the service. STAFF The Nursery couId llot function without a pool of dedicated staff. Once agai our staff have fOrnied admirably. Given the constraints &w>ciated witb a small organisatio they are often called upon to be creative and innovative in the care and learning experience they provide. We are thank for their high level of perforn]ance and Continuing dedicatio
MARY SEACOLE DAY NURSERY AND FAMtLY SUPPORT U CHARITABLE INCORPORATED oRGAIATION REPORT OF THE WAGEMENt COMMITTEE FOR THE YEAR ENDED 31 MARCH 2025 W¢ would like to thank all those who have served on the Management coll1[1¢¢ durAng the year ended 31 March 2025. We appreciate that Committee involvement is chaIlenging. nev¢rth¢less, it can be interesting and personatly rewarding. FINANCE We regard the state of affairs of the Organisation's finances for the year to be satisfactory. There was a n¢t deficit of income over expenditure of £9,340, (2024: deficit of £42292). LON&TERM VIABILTTY We have defined the services that we nllL We have worked on a cash flow projection to ensur¢ long-ternl viability of th¢ Nursery. We have been working closely with the Early Yeats Development and Childcare Partnership and look forward to b¢coming part of the Katesgrove virtual Children Centre. in ordu to acl)ieve our goal of lOng-tn viability. COME A table of our sources of income is set out Etlow: 2025 2024 Income Anatysis Fees Bank Interest 376,393 4.651 7.872 96.78 1.20 2.02 293.067 94.60 4,864 1.57 11.860 3.83 388916 loo 309.791 100 EENDITuRE Employment costs continue to be our major item of expenditure. A table of our costs is set out below: 2025 2024 Expenditure Anatysis Employment Costs Catering Costs Others 321.493 1.805 74,958 80.72 0.45 18.83 288,188 81.85 1,806 0.52 62,089 17.63 398256 i(x) 352,083 loo
MARY SEACOLE DAY VtIRSERY AND FKNflLY SUPPORT UNrr CIL41UTABLE ThCORPORATED oRG11sATION REPORT OF THE lAAGENIENT COMMITtEE (Co•tinued} FOR THE Tr"EAR ESDED 31 MARCH 2025 FLfTURE The Nursery is fiilly sclf-fiDancing. It is projected that fees continu¢ to increase which TrI1 enable the nursery to financially Indedent The fvturc will pose many challenge4 but 'e feel we are well positioned to preTr?il. IDEPEN)ENT EK4MINATION OF THE ACCOUNTS A resolution for Atiene Aghegho & Co LtLL Chattered Certified Accountants. to be appointed as independent examill¢r will b¢ proposed at tbe Annual General Meeting. GENEIL4L MEETING The AGM will be held OD 12 February 2026. at 22 Mouni PlcasanL Readin& BelIe. RGI 2TD Approved by th¢ Tnthcs and signed on their bebalf by: Daood Khan Chair Date: I i KlorfQMb 202 S
INDEPENDEI¥T EXAMINER'S REPORT TO THE TRUSTEES AIYD MEMBERS OF MARY SEACOLE DAY NURSERY AND FAJMILY SUPPORT uNfT FOR THE ITAR ENDED 31 MARCH 2025 I report to the trustees on my ¢xamination of the accounts of the above charity for the year ended 31 March 2025 RespoDsibilities and basis ofrep)rt As the cknity's trustees. you are restK)nsibl¢ for the preparation of the accounts in accordance with the requirements of the Cl]arities Act 2011. I report in Tespect of my examination of the Organisatioll's accounts caTTied out under section 145 of the 2011 Act and in canying out my examInatso I have followed all the applicable Directions given by th¢ Charity CoJJ)mission under section 145(5)(b) of the ACL IndepeDdent examiD¢r's statement The clwity's gross income exceeded £250,000 alld l am qualified to undertake the examinahon by being a qualified member of the Chartered Association of Certified AoUntants. have completed my examination. I confirni that no rnakn1 matters have come to my attention in connection with th¢ exan)ination which giv me cause to believe that any material respect: the accounting records were not kept in aCCorce with section 130 of the Clwities A¢L" or the accounts did not accord with the accounting records" or the accounts did not comply with the applicable requirements concerning the fornl and content of accounts set out in the Cknties Accounts and ReEK)rts Regulations 2008 other than any requirement that the accounts give a 'true and fair, vi¢w which is not a matt¢r considered as part of an illdqndent examirLtho I have no concerns and have come across no otheT matters in connection with the examination to which attention shouId be drawn in this report in order to enable a proper understanding of the accounts to be reached. Atiene Aghegho LLB(Hons). EL FCCA Atiene Aghegho & Co Ltd Chartered Certified Accountant 18 B¢atrice Road Finsbury Park LA)ndon N4 4PD . 11 Alova•v2o£
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT uNrr CHARrrABLE INCORPORATED ORGAMSATION. STATEMENT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Incoming Resources 388,916 309,791 Direct Clwitsble Expenditure 326,172 285,060 Management and AdmInOn of th¢ Charity 72,084 67,023 Total Resources &xpended 398256 352,083 Net (Deficit) I SuTpIus Resources for the Year (9.340) (42.292) Balance Transferred tn at 30 April 2024 286.945 329,237 Balances Carried Forward at 31 March 2025 277,605 286,945 The Notes on pages 9 to 12 forni part of these Financial Statements
MARY SEACOLE DAY NURSERY AJYD FAIlLy SUPPORT trNIT CHARfTABLE INCORPORATED ORGANISATION BALANCE SHEET AS AT 31 CH 2025 Note 2025 2024 Fixed Assets IA68 1,958 Current Assets: Debtors Cash at bank and in hand 19.735 288.311 308,046 16,717 317,113 333,830 Liabilities: Amount falling due within one year 31.909 48843 Net Current Assets 276,137 284,987 Totsl Assets Less Current Liabilities Funds Aeeumulated General Fllnd The notes on pages 9 to 12 forni part of thes¢ Financial Statements.
MARY SEACOLE DAY IWRSERY AND FAMILY SUPPORT UNTr CHARITABLE INCORPORATED ORGANISATION OTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 IKARCH 2025 (l) Accounting Polities Accounting conventioll: The Financial Statements are prepared in accordance with the historical cost Convention. Depreciation is calculated to Tlte off the fixed assets over theiT estiEnated useful lives. (2) Incoming Resourees Notes 2025 2024 Fund Raising F.vents Bat]k Interest Other Income Fees 2,874 4,651 4.998 376 393 696 4,864 8,086 296 145 Total Incoming Rosoure 388,916 309,791 (3) ROUrCeS Expended Direct Charitsble Expenditure 2025 2024 Salaries Pension & NIC Catering Prenuses, Ratcs, Light and Heat NuTsery Toy& Fquip., Supplies etc Insurance Refuse Collection and Cl¢aning 285.037 1,664 22,974 3,128 4,486 4,176 255.508 1,640 12,764 2,733 3,519 2.080 562 2.285 167 3,631 171 640 140 3,799 128 Milk Iire of Equipment Depreciation Total Direct Charitsbl¢ Expenditur¢ 326,172 285,060
MARY SEACOLE DAY NURSERY AND FAMILY SUPPORT UNIT CHARrtABLF. INCORPORATFD ORGANISATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (4) Management and Administration of the Charity 2025 2024 Salaries, Pension & NIC Other Staff Cost Printing, Postage and Stationery Independent Examiner's Fee Bookke¢ping & Accountancy Fees Professional F Payroll Adn]in Payroll Services Personnel, Health and Safety Telephone and Internet IT Software and Consumables Repairs and Renewals BaDk Charges subSlpt1ons G¢neral Expenses Bad Debts Depreciation 36,457 403 265 2,550 16,115 32,680 3,720 740 2.295 1,584 4,496 2,079 1,020 4276 1,122 3,669 185 403 4,057 3.152 1.410 919 581 409 527 4,933 (55) 361 524 2,630 5,118 482 Total Management and Administration of the Charity 72,084 67,023
io MARY SEACOLE DAY IYURSERY AND FAMILY SUPPORT UNIT CHAIUTABLE INCORPORATED ORGIIMSATION NOTES TO THE AccouNrs FOR THE YEAR ENDED 31 CH 2025 (5) Fixed Assets 2025 2024 Total Equipment Furniture & Fittings Total C05t Cost at l Aptil Additions Disposals Cost at 31 March 10,751 10,537 214 24.934 125 (14.308) 10.751 10.751 10.537 214 Depreciation At l April Charge for th¢ Y¢aT DisposaEs 31 March 8,793 490 8.618 480 175 io 17,951 653 (9,811) 8.793 9283 9.098 185 Net Book Value At 31 March 2025 1.439 29 Net Book Value At 31 March 2024 6,983 2.434 4.549 6,983 (6) Debtors 2025 2024 Fees Receivabl¢ Prepayments 16,109 3.626 12,656 4.061 Totsls 19.735 1&717
MARY SEACOLE DAY IYURSERY AND FAMILY SUPPORT UN CHARfTABLE INCORPORATED ORGAMSATION NOTES TO THE Accouwrs FOR THE YEAR ENDED 31 MARCH 2025 {7) Liabilities: Amounts falling du¢ within one Year 2025 2024 Ftts Receiv in Advanc¢ Accruals Refundable Deposits Sundry Creditors Tax and sla1 Security Pensions ContTibutions Due 1,055 7,735 ii,ioo 4.819 6,005 1.195 1,066 2,595 9,300 14.790 20,223 869 Totals 31.909 48,843 (8) The results for the period i* stated after ebarging: 2025 2024 Independent Examiner 1550 2,295