Charity registration number.. CE015298 SNIThERFIELD NURSERY SCHOOL CIO TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 grenfell James Grenfell James Associates Limited 13 The Courtyard Timothys Bridge Road stratford Upon Avon Warwickshire CV37 9NP Snltterfleld Nursery School CIO Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9-13 The following pages do not form part of the statutory accounts.. Detailed Statement of Flnanclal Activlties 14-15 Snltterfleld Nursery School CIO Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectlves and Actlvltles Aims and Objectives The objects of the CIO are to enhance the development and education of children primarily under statutory school age by'.- a) Engaging in appropriate activities or providing facilities or equipment- b) Encouraging parents and carers to become involved in the development of their children. c) promoting public interest in the recognition of the needs of children and their families. Slgnlflcant Actlvltles During the financial year ending 3 1 March 2025, the CIO continued to operate a nursery school in the Warwickshire village of Snitterfield in a building within the grounds of Snitterfield Primary School leased from Warwickshire County Council. The nursery school had operated at this site since 1994 (initially as an unincorporated charity, subsequently as a not-for-profit limited company, most recently as a CIO). It built an excellent reputation, attracting children from within the village and the surrounding areas. It took children from their second birthday until they started school, operating open during school hours in term-time only. The setting was reglstered to take a maximum of 28 children. The nursery school continued to follow the Early Years Foundation Stages framework, which aSms to ensure that children can achieve their potential whilst recognising their individual needs. This was done within a happy and safe environment, where children learnt through fun and play. The nursery school was committed to safeguarding the children in its care, promoting a culture of safetyi responding appropriately to concerns or incidents and ensuring staff awareness of child abuse through regular training. Children with speclal educational needs or disabilitles were well supported and Inpvt was sought from outside agencies where appropriate. The majority of children attending used only their government entitlement to funded childcare, although some paid privately, either to supplement funded sessions or where they were not entltled to fundlng. The trustees aimed to keep fees for prlvately paylng chlldren as modest as possible in an effort to make the nursery affordable. For children using their entitlement to funded childcare, the nursery school asked for modest voluntary donations towards consumables and externally run sports classes, costs which early years funding is not intended to cover. These donations were entirely optional and children whose families were unable to make such donations received the same nursery experience as those whose families do. The nursery school has been incredibly fortunate to have a team of highly qualified and experienced staff. some of whom had been part of the nursery for many years. As at 31 March 2025, it had eight permanent part-time members of staff.. six members of staff holding children's care, learning and development qualifications, one unqualified childcare assistant and an administrative assistant. Ongoing training was provided for all staff. The nursery school was inspected by OFSTED in June 2022 and the trustees and staff were delighted to receive a rating of 'Good'. ..CONTINUED Page I Snltterfleld Nursery School CIO Trustees. Report {continued) For The Year Ended 31 March 2025 Significant Activities - continued During the year ending 31 March 2025, the nursery school continued to build on its closer partnership with Snitterfield Primary School. The children benefitted from the closer coordination of the nursery school curriculum with the curriculum followed in the school's reception class and increased participation in school artivities, with a positive impact on building their readiness for starting school and their overall nursery school experience. The trustees considered it to be in the best interests of the beneficiaries of the CIO for the school to take over the running of the nursery school, both in terms of delivering the Early Years Foundation Stage most effectively and in terms of securing the nursery school's future through ensuring long term governance and financial viability. The trustees consulted the Charity Commission on the proposed transfer and the Commission confirmed that it would not object. On 4 August 2025, the members of the CIO passed a resolution to transfer the entire undertaking of the CIO to the school on I September 2025, to be run by the school's governors in accordance with their statutory power to provide community facilities, and for the CIO to be dissolved thereafter. Publlc Beneflt During the year ending 31 March 2015, the CIO worked for the public benefit in having as its objective the enhancement of the development and education of children primarily under statutory school age and operatlng a nursery school In order to dellver thls. In determlnlng objectlves for the year and planning activities. the trustees have had regard to the guidance issued by the Charity Commission on public benefit. Achlevements and Performance Charltable actlvltles The settlng helped children to meet their targeted outcomes wlthln the Early Years Foundatlon stage framework and prepared them for starting school. Where required, the nursery school team worked with outside agencies to provide support to children with additional needs and thelr families. Fundralslng The nursery school supplemented its income through various fundraising initiatives during the year: activity Stalls at the village fete and church Christmas fayre and raffles on occasions such as the Christmas play and graduation of pre-schoolers. The CIO continued to receive support from parents through 'easyfundraising'. Flnanclal Revlew Financial Position The CIO generated a surplus of £8,155 in the year ending 31 March 2025. This compares to a deficit of £10,898 in the year ending 31 March 2024. Total funds carried forward as at 3 1 March 2025 were £88,592, compared to £80.489 as at 31 March 2024. The nursery continued to face extremely high costs associated with maintenance work to the building during this financial year. These costs have depleted the CIO'5 reserves Significantly over the past three years. The replacement of the existing building is essential to the nursery's future. it is nearing 50 years old and was only intended as a temporary structure. The trustees continued their discussions with Warwickshire County Council with a view to the Council demolishing the existing building and building a replacement. ..CONTINUED Page 2 Snltterfleld Nursery School CIO Trustees. Report {continued) For The Year Ended 31 March 2025 Financial Position - continued The Trustees are satisfied with the financial ststus of the CIO. At the time of writing, the maJorSty of the CIO'S assets have been transferred to Snitterfield Primary School. but sufficient funds have been retained to enable it to settle all its liabilities, before the balance is transferred to the school. The trustees are therefore of the view that the CIO is a going concern. Reserves Policy The CIO aimed to hold rese￿eS to cover the following: i) reserves in the current account to cover day-to-day running costs,. ii) reserves equal to one term's total expenditure excluding depreciation- iii) reserves to cover the costs of unexpected urgent maintenance to the nurserv building- iv) reserves to meet redundancy payments of all eligible staff in the event of the nursery's closure; and v) reserves to enable the nursery school to contribute towards the replacing its current building (with the remaining funds required anticipated to be raised through grants). The CIO held unrestricted reserves of £88,592 as at 31 March 2025. The Trustees are satisfied that this level of reserves was sufficient to safeguard the CIO'S ability to carry out its activities and to meet its liabilities in the event that the nursery school should have to close. Any funds held over and above items il to iv) were intended to be applied towards the costs of a new premises for the nursery school. Rlsk Management The Trustees have assessed the major risks to which the CIO is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Strurture, Governance and Management Governlng Document The charity is a CIO and is controlled by its governing document. it5 CIO constitution (foundation model). Organlsatlonal Strurture The CIO 15 run by a voluntary board of trustees. three of whom are parents of children who have attended the nursery school, one of whom is employed by the adjacent primary school and one of whom is a governor of the said school. The board of trustees is responsible for ensuring that the CIO is run in accordance with the provisions of its constitution and that all applicable legal, accounting and reporting requirements are adhered to, as vlell as rules specific to the childcare sector such as safeguarding and OFSTED requirements. The Board of Trustees keeps the skill requirements for the board under review. Ongoing training is provided to all trustees. The nursery school manager was responsible for the day-to-day running of the setting and was supported by the trustees where required. The CIO had a comprehenslve set of internal pollcles and procedures, which are followed by all staff and trustees. Recruitment and appointment of new trustees The CIO'S constitution provides the following: (l) Apart from the first charity trustees, every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity tnjstees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. .CONTINUED Page 3 Snltterfleld Nursery School CIO Trustees. Report {continued) For The Year Ended 31 March 2025 Oryanisational Structure - continued Inductlon and tralnlng of new trustees Prior to a resolution for the appointment of a new trustee. the prospective trustee is required to complete an application form. to confirm that they are eligible to be a trustee and to provide ID. proof of address. two references and a clear Enhanced DBS check. The CIO has an induction program for new trustees which includes.. providing them with full information in relation to their role and responsibilities (currently in the form of Warwickshire County Council's introdvrtion booklet. Voluntary Managed Childcare Provision). providing them with copies of the most recent accounts, trustees. annual report and financial forecasts. requiring them to familiarise themselves with the CIO constitution and the nursery's policies and procedures. and introducing them to the nursery staff. Reference and Administrative Details Trustees Mrs E P Mackay Mrs M Conroy Ms R J Silk (appointed 15109/2024) Ms J C Brown {appointed 15109/2024) Ms L E Doherty Other Personnel Kelly Fltzgerald (Manager from 06.03.23 to present) - Nursery Manager Charlty Number CE015298 Prlnclpal Address Snitterfield Nursery School School Road Snitterfield Warwickshire CV37 OJL Independent Examlner Davld Murphy Grenfell James Associates Limited 13 The Courtyard Timothys Bridge Road Stratford Upon Avon Warwickshire CV37 9NP Page 4 Snltterfleld Nursery School CIO Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees, report was approved by the board of trustees and signed on its behalf by: Mrs E P Mackay Trustee Date Page 5 Snltterfleld Nursery School CIO Independent Examiner's Report to the Trustees of Snitterfield Nursery School CIO For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Snitterfield Nursery School CIO (the Trust) for the year ended 31 March 2025. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the p￿ParatIon 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 20 1 l Act and in carrying out my examination. I have followed the applicable Directions given by the Charlty Commlssion 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: l. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord wlth those records: or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and falr vlew, which Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Davld Murphy Date 13 The Courtyard Timothys Bridge Road Stratford Upon Avon Warwickshire CV37 9NP Page 6 Snltterfleld Nursery School CIO Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestricted Unrestricted funds fund5 Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable artivities.. Nursery 935 2,440 130,062 91,173 130,997 93,613 EXPENDITURE ON: Charitable artlvitles.. Nursery NET INCOME/(EXPENDITURE) (122,842) 8,155 {104,563) (10,950) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8,155 110,950) 80,437 91,387 80,437 io 88,592 The notes on pages 9 to 13 form part of these financial statements. Page 7 Snltterfleld Nursery School CIO Statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted Total funds funds Notes FIXED ASSETS Tangible Assets 1.230 601 1.230 601 CURRENT ASSETS Cash at bank and in hand 95,604 81,551 95.604 81,551 Creditors: Amounts Falling Due Within One Year 18,2421 (1,715) NET CURRENT ASSETS (UABILITIES) 87,362 79,836 TOTAL ASSETS LESS CURRENT UABIUTIES 88.592 80,437 NET ASSETS 88,592 80,437 FUNDS OF THE CHARITY Unrestricted Funds 88,592 80,437 TOTAL FUNDS io 88,592 80,437 On behalf of the board Mrs E P Mackay Trustee Date The notes on pages 9 to 13 fomi part of these financlal statements. Page 8 Snltterfleld Nursery School CIO Notes to the Financial Statements For The Year Ended 31 March 2025 Accounting Policies l. l. Basls of Preparatlon of Flnanclal Statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 "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) (effective l January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 1.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the trustees. Deslgnated funds comprlse unrestrlcted funds that have been set aslde by the trustees for specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the flnanclal statements. 1.3. Incomlng Resources All Income Is recognlsed in the Statement of Financlal Activities once the charlty has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. 1.4, Tanglble Flxed Assets and Depreclatlon Tanglble flxed assets are measured at cost less accumulated depreciatlon and any accumulated Impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value. over their expecled useful lives on the following bases.. Fixtures & Fittings Computer Equipment 33% on Cost 33% on Cost 1.5. Leaslng and Hlre Purchase Contracts Rentals paid under opertating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the leasae. 1.6. Pensions The charity operates a defined pension contribution scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 Snltterfleld Nursery School CIO Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 1.7. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Income from Donations and Legacies 2025 2024 Unrestricted Unrestricted funds funds Donations and gifts 935 2,440 Net Income/(Expendlture) The net income/(expenditure) 15 stated after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets - owned 707 1,233 Analysls of Expendlture 2025 Support Actlvltles costs undertaken (see note dlrectly 5) Total Nursery 4,713 118,129 122,842 2024 Support Artlvltles costs undertaken (see note directly s) Total Nursery 4,736 99,827 104,563 Page 10 Snltterfleld Nursery School CIO Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 Support Costs 2025 Nursery Employee costs Premises expenses General administration Depreciation 95,920 13,629 7,873 707 118,129 2024 Nurserv Employee costs Premises expenses General administration Depreclatlon Interest payable 74,845 17,614 6,132 1,233 99,827 staff Costs Staff costs were as follows: 2025 2024 Wages and salaries Other penslon costs 93,742 1.361 73,592 953 95.103 74,545 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60.000. Average Number of Employees Average number of employees during the year was: 8 (2024.. 8) Page 11 Snltterfleld Nursery School CIO Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 Tangible Assets Fixtures & Computer Fittings Equipment Total Cost As at l April 2024 Additions 3.610 1,571 1,336 5,181 1,336 As at 31 March 2025 3,610 2,907 6,517 Depreclatlon As at l April 2024 Provided during the period As at 31 March 2025 3,342 267 1,238 440 4,580 707 3,609 1,678 5,287 Net Book Value As at 31 March 2025 1,229 1,230 As at l April 2024 268 333 601 Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 Other creditors 8,242 1,715 10. Movement In Funds Asat31 March 2025 Asati April 2024 Income Expendlture Unrestrlcted funds General- General unrestrlcted fund 80.437 130.997 (122,842) 88,592 Total funds 80.437 130,997 (122,842) 88,592 Page 12 Snltterfleld Nursery School CIO Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 Asat31 March 2024 Asatl April 2023 Income Expenditure Unrestricted funds General- General unrestricted fund 91.387 93,613 (104,563) 80,437 Total funds 91.387 93.613 (104,563) 80,437 I l. Related Party Dlsclosures Page 13 Snltterfleld Nursery School CIO Detailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Total fund5 Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts 935 2,440 935 2,440 Charltable Actlvltles: Nursery Coaching fees Bank Deposit Interest 129,318 744 90,474 699 130,062 91,173 130,997 93,613 EXPENDITURE ON: Charitable Artivities: Nursery Purchase5 Wages and salaries Employers pensbons - deflned contrlbutions scheme Staff training Rent Light and heat Repairs and maintenance Cleaning Computer and IT consumables Insurance Printlng, postage and stationery Advertising and marketing costs Telecommunications and data costs Accountancy fees Legal fees Sundry expenses Depreciation of fixture5 and fittings Depreciation of computer equlpment Other interest payable (4,713) (4,736) (93,742) {73,592) (1,361) {953) (817) (300) (7,583) (7,000) (1,426) (4,510) {10,261) (iio) (353) (1,834) (597) (1,427) (1,864) (890) (71) (1,058) (2,266) {210) (856) (1,914) {558) {133) {913) {320) 13) (327) (267) (440) (122,842) 1104,563) (122,842) 1104,563) NET INCOME/(EXPENDITURE) 8,155 (10,950) Page 14 Snltterfleld Nursery School CIO Detailed Statement of Financial Activities (continued) For The Year Ended 31 March 2025 Page 15 |REF. 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