Selsey Community Nursery Registration number 1175586 31 December 2023 Annual Report Selsey Community Nursery is a Charity that provides childcare for up to 60 children from 0 to 4 years old on weekdays from 7:30 to 6pm. The Charity was set up to offer Early Years education for the children of Selsey and the surrounding areas. The Charity is occasionally able to offer free placements to children whose parents/carers circumstances mean that they would not otherwise be able to access nursery care or the family need additional support; these children are referred by key health professionals. The Charity provides nutritious home cooked meals and healthy snacks. Meals are planned and produced to the current guidelines and form an important part of the children’s day. The Charity operates from a purpose-built nursery building with three rooms, for babies, 2-3’s and pre-school. It has a large outdoor play space which acts as an integral part of children’s activities and can enormously benefit children’s mental and physical health and wellbeing. Children are able to have free-flow into the smaller covered outdoor environment so that they can enjoy the fresh air in any weather. Trustees of Selsey Community Nursery ## **SELSEY COMMUNITY NURSERY UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER 1175586** Phoenix Accounting Services Ltd MAAT 3 Selsey Business Centre The Bridleway Selsey West Sussex PO20 0RS **Selsey Community Nursery Contents of Unaudited Account For The Year Ended 31 December 2023** ## **Contents** |Charity Details|1| |---|---| |Approval|2| |Accountant's Report|3| |Profit and Loss Account|4| |Balance Sheet|5| |Notes to the Accounts|6| **Selsey Community Nursery Business Details For The Year Ended 31 December 2023** |**Trustees**|Treasurer
Rosie Jones| |---|---| ||Mary Bruce| ||Stuart Blunden| |**Business**|Manor Road| ||Selsey| ||West Sussex| ||PO20 0SE| |**Accountants**|Phoenix Accounting Services Ltd MAAT| ||3 Selsey Business Centre The Bridleway| ||Selsey| ||West Sussex PO20 0RS| Page 1 **Selsey Community Nursery Accounts Approval Statement For The Year Ended 31 December 2023** I approve these un­audited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the information and explanations necessary for the completion. Date Page 2 **Selsey Community Nursery Accountants Report** **For The Year Ended 31 December 2023** In accordance with the engagement letter , we have prepared the accounts, which comprise the Profit and Loss account, the Balance Sheet and the related notes, from the accounting records, information and explanations provided to us. This report is made to you in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than to you, the client, for our work or for this report. You have approved and acknowledged your responsibility for these accounts. We have not been instructed to complete an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records, information or explanations you have provided. Therefore we do not express any opinion on the accounts. Signed ............................................................ Phoenix Accounting Services Ltd MAAT 3 Selsey Business Centre The Bridleway Selsey West Sussex PO20 0RS Page 3 ## **Selsey Community Nursery Profit & Loss Account For The Year Ended 31 December 2023** ||**Notes**|**2023**||**2022**|| |---|---|---|---|---|---| |||**£**|**£**|**_£_**|**£**| |**Income**|||||| |Charitable activities|3||407,292||303,120| ||||407,292||303,120| |**Payments**|||||| |Provision of charitable services||(287,663)||(236,685)|| ||||(287,663)||(236,685)| ||||119,629||66,435| |**GROSS PROFIT**|||||| |**Other Income**|||||| |Job Retention Scheme||­||­|| |Grants||­||1,201|| ||||­||1,201| |Net income/expenditure before tax for the reporting period|||119,629||67,636| |**Expenditure**|||||| |DBS checks||(653)||(99)|| |Rent and rates||(20,740)||(24,006)|| |Insurance||(1,479)||(1,039)|| |Heat and Light||(5,596)||(7,196)|| |Hall Hire||(80)||(30)|| |Waste||(1,036)||(1,008)|| |Entertaining||(750)||­|| |PPS||(1,267)||(1,366)|| |Telephone||(850)||(1,199)|| |Computer Software||(1,814)||(1,243)|| |Legal Fees||(603)||(300)|| |Accountancy||(1,200)||(734)|| |Consultancy||­||(220)|| |Subscriptions||(143)||(329)|| |Training costs||(2,293)||­|| |General Expenses||(164)||(1)|| |Repairs & Maintenance||(974)||(2,875)|| |Cleaning||(2,482)||(3,011)|| |Bank/credit card fees||(166)||(168)|| ||||(42,290)||(44,823)| ||||77,339||22,813| |**Depreciation**|||||| |Depreciation||(2,972)||(3,438)|| ||||(2,972)||(3,438)| |**Recognises gains/(losses)**|||74,367||19,375| Page 4 **Selsey Community Nursery Profit & Loss Account For The Year Ended 31 December 2023** |**Notes**
**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Cash at bank and in hand
Prepayments and accrued income
**CURRENT LIABILITIES**
Accruals and deferred income
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Funds**
Balance at 1 January 2022
Reserves movement
**Recognises gains/(losses)**
**Balance @ 31 December 2023**
**2**|**£**
**£**
1,773
140,202
0
140,202
(43,198)
(43,198)
97,004
98,777
24,410
74,367
98,777
**2023**|**£**
**£**
4,615
62,880
0
62,880
(43,085)
(43,085)
19,795
24,410
5,035
19,375
24,410
**2022**|**£**
**£**
4,615
62,880
0
62,880
(43,085)
(43,085)
19,795
24,410
5,035
19,375
24,410
**2022**| |---|---|---|---| ||||19,795
24,410| ||||5,035
19,375| ||||24,410| Page 5 **Selsey Community Nursery Notes to the Accounts For The Year Ended 31 December 2023** **1** ## **Accounting Policy** These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of Charity Commision. The disclosure requirements of section 1A of FRS 102 have been applied other than where disclosures is required to show a true and fair view. The financial statements have been prepared in sterling which is the functional current of the company ## **2** |**Tangible Assets**
**Cost**
As at 1 January 2023
Additions
As at 31 December 2023
**Depreciation**
As at 1 January 2023
Provided during the period
As at 31 December 2023
**Net Book Value**
As at 31 December 2023
As at 31December 2023|**Fixrtures &**
**Fittings**
**£**
14973
14,973
11043
2242
13285
1,688
3930|**Office**
**Eqipment**
5263
130| |---|---|---| |||5393| |||4578
730| |||5308| |||85| |||685| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. Net of depreciation and any impairment losses Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases Fixtures and Fittings 15% straight line Office Equipment 33% straight line ## **Turnver** Turnover represents fees chargeable for the purpose of the charitable activities as stated in the constitution **3** **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**
**Independent**
**examiner's statement**|Charity Name
Selsey Community Nursery|Charity Name
Selsey Community Nursery|Charity Name
Selsey Community Nursery| |---|---|---|---| ||||| ||31stDecember 2023|**Charity no**
**(if any)**|1175586| ||||| ||2||| ||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/12/2020.
As the charity's trustees, 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 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.
[The charity’s gross income exceeded £250,000 and I am qualified to
undertake the examination by being a qualified member of Association of
Accounting Technicians||| _._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - • the accounts did 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. - _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**||30/10/2024| |---|---|---| |||| ||Deborah Heath|| |||| ||Accountant- MAAT|| 1 **Address:** 3 Selsey Business Centre, The Bridleway, Selsey, West Sussex PO20 0RS ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the** Nothing of concern within this trading year, **examiner wishes to disclose** . 2