REGISTERED CHARITY NUMBER: 1166889 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIALSTATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 FOR ELSECAR COMMUNITY NURSERY Gibson Booth Limited 12 Victoria Road Barnsley South Yorkshire S70 2BB
ELSECAR COMMUNITY NURSERY CONTEMfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Administrative Details Report of the Trustees Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 9 to 14
ELSECAR COMMUNITY NURSERY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES E A Sanderson N Spencer PRINCIPAL ADDRESS 30A Hoyland Road Hoyland Barnsley S74 OPB REGISTERED CHARITY NUMBER 1166889 INDEPENDENT EXAMINER Gibson Booth Limited 12 Victoria Road Barnsley South Yorkshire S70 2BB Page I
ELSECAR COMMUNITY NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 (FRS 102) leffective l January 2019). OBJECTIVES AND AcfiviTIES Objectives and alms Elsecar Community Nursery a purpose built facility and dedicated to providing a high quality service for all children and families attending. Health and wellbeing are at the heart of the service we provide for the children and families of Elsecar and the surrounding areas. The pillars of our ethos are at the forefront of our Happy Child philosophy. •Cartn&stimulating environments •Learning through interaction and discovery •Balanced quality nutrition •Stimulating activities •Through play,learn and grow Page 2
ELSECAR COMMUNITY NURSERY REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcfiviTIES Significant activities Here at Elsecar Community Nursery we provide exciting and stimulating indoor and outdoor activities that meet children's interests and individual needs by planning to meet the Early Years Foundation Stage guidelines. Our exciting and colourful environment has a range of equipment/resources, including our library and sensory area, for children to explore and challenge themselves. Our outdoor educational space is an all year round facility with the benefit of an artificial surface contributing to the whole year appeal for families. We have spaces available for children aged two to five including both fee paying and free funded sessions for two, three and four year olds. We are able to meet the needs of all children including children with additional nÈeds who are supported by our onsite experienced SENCO. All our team are highly qualified and experienced practitioners who are supported to continue to develop professionally. This enables all staff to enhance and develop their knowledge and practice which in return provides high quality experiences for your children We provide a healthy snack and we kindly ask for a voluntary contribution of per week towards this. We also ask that parents/carers provide a healthy packed lunch for children staying over lunchtime. Parental involvement Elsecar Community Nursery is committed to promoting active parental involvement. Our parents/carers are invited to contribute their ideas and make complimentary contributions to the everyday running of the nursery. Please contact us to arrange a visit. Parents are asked to supply nappies, wipes, creams and spare clothes. Items for your child are stored with your child's name on and used only for them. Please ensure that the nursery has sufficient supplies at all times. We ask that you provide spare change of clothes for your child just in case they need to change. To help us to get to know your child we ask that parents download our 'AII About Me, form from the Parents Download links or collect one from the nursery and return it to the nursery. Public benefit Elsecar Community Nursery is located in its own secure private area behind Elsecar Holy Trinity Primary School just off Church Street, Elsecar. The Nursery is independent of the school with its own secure access. It is a registered charity, managed by a committee of local people and run by dedicated staff team. It forms part of a wider vision of local community child care. In setting its plans and priorities for areas of work, the Board have had regard to the guidance from the Charity Commission on public benefit. The activities during the year demonstrate how the charity has had regard to this. Page 3
ELSECAR COMMUNITY NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charltable activlties Elsecar Community Nursery, Continues to evolve, now becoming a registered Charity with support from the board of trustees. providing an excellent stimulating and safe environment for your children. All endorsed by a Good inspection at the last Ofsted inspection.. The Nursery provides high quality childcare for children aged 2 - 5yrs in a safe and stimulating environment delivered by qualified experienced staff (ranging from level 3 to 6 + E.Y.T.S.) We promote a healthy nursery-parent partnership from the start of every child'5 journey with us. We encourage parents to arrange visits to meet staff and take a tour around our lively colourful, educational setting. We provide exciting and stimulating indoor and outdoor activities that meet children's interests and individual needs by planning to meet the Early Years Foundation Stage guidelines. Hard work and an evolvin8 workforce ha5 Strengthened the position of the Nursery locally and we continue to prosper with increased demand for our services. Our concern is the ongoing viability with the escalating operational costs FINANCIAL REVIEW Reserves pollcy The trustees recognise the need to consider the level of free reserves once the charity's activities increase. As it is currently in its infancy no specific level of reserves has been set. The trustees previously undertook a review of all income and expenditure and implemented a significant restructure of staff within the charity.This has been reflected in the results for the year. The Trustees have prepared projections and budgets based on expected levels of child attendance. In their opinion the budgeted income and expenditure is sufficient to continue activities for the foreseeable future. sfRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation. Recrultment and appolntment of new trustee5 The current Board seeks to ensure that the needs of the organisation are appropriate for its expected level of activity. Board training is an on-going process. Induction training will be provided where necessary and all Trustees are invited and encouraged to keep up to date with their roles and responsibilities as Trustees, along with changes in charity and company legislation. Page 4
ELSECAR COMMUNITY NURSERY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation. Recrultment and appointment of new trustees The current Board seeks to ensure that the needs of the organisation are appropriate for its expected level of activity. Board training is an on-going process. Induction training will be provided where necessary and all Trustees are invited and encouraged to keep up to date with their roles and responsibilities as Trustees, along with change5 in charity and company legislation. Related parties The charity has a c105e relationship with Forge Community Partnership and its subsidiary cornpanies. Approved by order of the board of trustees on 11 November 2024 and signed on its behalf by: N Spencer- Trustee Page 5
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ELSECAR COMMUNITY NURSERY Independent examlner's report to the trustees of Elsecar Communlty Nursery I report to the charity trustees on my examination of the accounts of Elsecar Community Nursery (the Trust) for the year ended 31 March 2024. Responsibilities and basi5 of report As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5){b) of the Act. Independent examiner's statement 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: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records; or the accounts do not comply with the applicable 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. Scott Mell Gibson Booth Limited 12 Victoria Road Barnsley South Yorkshire S70 2BB 12 December 2024 Page 6
ELSECAR COMMUNITY NURSERY STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Unrestrlcted fund 31.3.23 Total fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,867 4,995 Other trading activities Investment income 148,766 187 153,011 66 Total 150,820 158,072 EXPENDITURE ON Charltable actlvltles Costs for generating funds 178,128 161,191 NEf INCOME/IEXPENDITURE) (27,308} {3,119) RECONCILIATION OF FUNDS Total funds brought forward 40,945 44,064 TOTAL FUNDS CARRIED FORWARD 13,637 40,945 The notes form part of these financial statements Page 7
ELSECAR COMMUNITY NURSERY BALANCE SHEET 31 MARCH 2024 31.3.24 Unrestrirted fund 31.3.23 Total funds Notes CURRENT ASSErs Debtors Cash at bank 2.711 21.676 410 43,124 24,387 43,534 CREDITORS Amounts falling due within one year (10,750) (2,589) NET CURRENT ASSETS 13,637 40,945 TOTAL ASSEfs LESS CURRENT LIABILITIES 13,637 40,945 NEf ASSETS 13,637 40,945 FUNDS Unrestricted funds 13,637 40,945 TOTAL FUNDS 13.637 40,945 The financial statements were approved by the Board of Trustees and authorised for issue on 11 November 2024 and were signed on its behalf by: N Spencer- Trustee The notes form part of these financial statements Page 8
ELSECAR COMMUNITY NURSERY NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (A) general information and basis of preparation The financial statement5 of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) {effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Elsecar Community Nursery is a charitable incorporated organisation and is controlled by its governing document, a deed of trust. The principal address is given in the charity information in the Report of the Trustees section of these financial statements. The nature of the charity's operations and principal activities are the provision of nursery services. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Critical accountlng judgements and key sources of estimation uncertainty No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. (B) funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objective5 of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial staternent5. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 9 continued...
ELSECAR COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued IC) income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. Income from trading activities includes income earned from fundraising events and trading artivities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from government and other grants is recognised at fair value when the charity ha5 entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. These grants and voluntary income are included in incoming resources when these are receivable and allocated appropriately between unrestricted and restricted income depending upon restrictions imposed. Donations and legacies are accounted for when they are received. (D) expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. (E) taxation The charity is exempt from tax on its charitable activities. (F) pension costs and other post-retlrement beneflts The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. (G) debtors and creditors receivable/payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transcation price. Any losses arising frorn impairment are recognised in expenditure. Page 10 continued...
ELSECAR COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING AcfiviTIES 31.3.24 31.3.23 Fees and vouchers 148,766 153,011 Income from other trading activities £145,141 (2023: £153,011) of which £NIL (2023: £NIL) was attributable to restricted and £145,141 (2023: £153,011) was attributable to unrestritted funds. INVEsfMENT INCOME 31.3.24 31.3.23 Deposit account interest 187 66 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no tru5tees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries National Insurance Pension contributions 139,178 1.472 2,249 115,258 1,293 1,869 142,899 118,420 Average number of employees 14 13 No employees received emoluments in excess of £60,000. The total amount of employee benefits received by key management personnel was £22,787 (2023 £23,740). The CEO considers its key management personnel to comprise the manager and deputy. Page 11 continued...
ELSECAR COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors Prepayments and accrued income 959 1,752 410 2,711 410 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Other creditors Accruals and deferred income 6,250 447 4.053 337 2,252 10,750 2,589 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 40,945 (27,308) 13,637 TOTAL FUNDS 40,945 (27,308) 13,637 Net movement in fund5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 150,820 (178,128) (27,308) TOTAL FUNDS 150,820 (178.128) (27,308) Page 12 continued...
ELSECAR COMMUNITY NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Comparative5 for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrirted funds General fund 44,064 (3,119) 40,945 TOTAL FUNDS 44,064 (3,119) 40.945 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fund5 Unrestrlrted funds General fund 158,072 (161,191) {3,119 TOTAL FUNDS 158,072 (161,191) (3,119) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 44,064 (30.427) 13,637 TOTAL FUNDS 44,064 (30,427) 13,637 Page 13 continued...
ELSECAR COMMUNITY NURSERY NOTE5 TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 308,892 {339,319) (30,427) TOTAL FUNDS 308,892 (339,319) (30,427) RELATED PARTY DISCLOSURES Other related parties 31.3.24 31.3.23 Management charges and service level agreement costs Donations recelved Amounts due frorn related parties written off Amounts due from related parties 5,500 2,995 3,500 11,995 Page 14