Charlty reglstration numbgr 1184254 PURPLE HOUSE NURSERIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
PURPLE HOUSE NURSERIES LEGALAND ADMINISTRATIVE INFORMATION Trustee8 Ms L M Hilder P Lid¢Jle S Wake Ms L Hunt (Appointed 1 January 20241 Charty numbor 1184254 prtneipal address 185 Preston Road Hull East Yorkshire England HU9 5UY Independènt examiner Fawley Judge & E85ton Chartered Certified Accountants 1 P8rfi3ment Street Hull East Yorkshire HU1 2AS
PURPLE HOUSE NURSERIES CONTENTS Pagè Trustees. report Independent eXamirS port statement of financial activitias Balanee sheet Notes to the finanaal staternents 6-11
PURPLE HOUSE NURSERIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees pr83ent their annual report and financial statements forth8 year ended 31 March 2024. The financial statèments have bean prepared in accordan th the a¢counts"ng poliae8 set out in note 1 to the financial statements and cornply wrth the chanty's19overning documentl, the Charilies Ad 2011 and Accountiry and R9POrting by charit8". Statement of Recornmended Prathce applicable to ¢harits"es preparing their accounts in accordance with the Finam81 Reporting Standar(S applicable in the UK and Republic of Ireland IFRS 1021 leffectiva 1 January 20191. Objectlves and activities Purple House Nufserie5 is a charitab Incorporated Organisation ICIOI, which is located at Wlfinnar. the Preston Road Women s Centre . Its purpose is to piovid& affordable childeare whi¢h supports the work of the womgn's ntre and local families in the PEston Road area and In the future. in Dther areas of the cty of Hull . During 23124 the charty achièved its objectives and also further developed the skills ol tha staff in SUPPOfbng chIldn affected by Violen and abuse and children wrth special educational ngeds and disabilit$. The trustees have paid due regard to guidan issuad by the Charity Commission in deciding what activities the charity should undertake. Achievemènts and perfonnance During 22123 we cornplet8d an exlension to our pramisès with the aim of being able to look after MO children and In fact increased our Capacity to 25 children at one time. This was In SpOnSe tts increasing dernand from local women needing afft)rdable ch1kYca for their chiklrÈn. Since that tirre the Nursery has been increasingty busy and th8 children have thrived in th8 ll8w purpose built environment. Financial reviaw It is the policy of the charity that unrestricted funds which have not been dosignaled for a specific use should be maintained at a level equivalent to three month s expendituts. The trustees consider that reserves at this leval will ensura that. in the event of a signifieant diop in funding, they will be able to continue the charity's current activities while (xjnsideration 15 given to ways in which additional funds may be iaised. Re$erves pollcy The trustses have a policy to keep no more than three months running costs lapproximately £18 0001 in r858rv85 in orderthat the chanty's funds can be applied to furthèr It5 charitsble purpose. The trustees have assessed the major risks to whith the charity is exposad, and are sab"sfied that systems a in pla to mitigate exposure to the rHajor risks. Futurg developm•nts In the upcorning yearwe will continue to maintain and gr<)w tre Servi and look at possib 8xpansion of the Servi Into other areas ol the city Structurg, governance and mana9ement The d)aiity is a company limited by guarantee. The trustees who sèrved during the year and up to the date of Signatu ofthe financi81 st8tsm8nts were.. Ms L M Hilder P Liddl& S Vvake Ms L Hunt (Appointed 1 January 20241
PURPLE HOUSE NURSERIES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 None of the trustèes has any b8n&ficial interest in th8 company. Al of th8 tmstees are mernb8rs of the company and guarantee to contribute £1 in the ev8nt of a winding up. The trustse5' report was approved by the Board of TnJstse$. M5 L M Hllder Tmstee Dated.. 24 July 2024 L Hild6r
PURPLE HOUSE NURSERIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PURPLE HOUSE NURSERIES I report to the trustees on my examinaton of the financial statemonts of Purple House Nurseries Ithe charity) for the year andad 31 March 2024. Respon8ibilltle$ and basis of report A5 the trustees of the charity you are responsiblè for the preparation of the finanaal statsm&nts in awordance with the requiretnents of the Charits"es Act 2011 Ith8 2011 Aoti. I report in pect of my examination of the ¢harity3 financial ststemants carried out under 3ection 145 of the 2011 Act In carrying out my examination I havè followed all the applicable Oirections giv&n by the Charity Comrnission under section 14515llbl of the 2011 Act. Ind8p8ndent examlnerfs stat•ment Your 8ttention is drawn to the fact th* the Charity has prepared financial stalgrnent¥ in accordan wth Accountrng and Reporting by Charities preparing their accounts in awordance with the Financial Reporb"ng Standard applicable in the UK atKI Republic of Ireland IFRS 1021 in preferents to the Accounting and Reporting by Chaiities". Statsrnent ol Recommended Practice issuèd on 1 April 2005 which is referred to in the extant r8gulations but has now been withdrawn. l understand that this ha3 been done in order for financial statetnents to prOde a true and fair vW in acCOrd8n With Generally Apted Aecounb"ng Practice effective for reporting periods beginning on or after 1 January 2015. I have compketed my examination. I confirm that no mattgrs have Corne to my attention in connection wth the examination giving me c&us8 to believe that in any material respect." a¢¢ounting records were not kept in respect of the charity as required by sects'on 130 of the 2011 Act.. or the financial statements do not accord with those records.. or th8 financial statements do not comply wth the applicab requirernents cOnrning the fomi and content of accounts set out sn thè charit8 lACunts and Reportsl Regulations 2008 other than any requirement tt)at the accounts give a true and fair VEW which is not a matter considered as Part of an Independent examination. I have no concarns and have corne across no other matters in connèetK)n wth the examination to which attention s be drawn in thss report in ordèr to enable a proper understandirKJ ol the financial statements to bera than Leath awley Judge & Easton chartered Certified Ac¢ountants 1 Parliament Street Eastyorkshire HU12AS Datsd.. 24 July 2024
PURPLE HOUSE NURSERIES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestriet•d fijnds 2024 Unrestrictsd funds 2023 Nots8 Income from.. Donation5 and legacies Charitable actiwti93 11,600 67,889 79,325 Total Income 79.325 79,489 Expenditure on.. Chantable aCtiwt9 94,791 65.744 Totsl gXP8nditure 94.791 65,744 Nèt incomell¢xpenditurel and movemènt Sn funds 115,4681 13,745 Recorhciliation of fvnd8= Fund balanS at 1 April 2023 5.233 18,5121 Fund balances at 31 March 2024 110,2331 5,233 The statemènt of financial activib.es Indudes all gains and loss8s racognised in the year. All income and expendthTe detive from continuing activth"es.
PURPLE HOUSE NURSERIES BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Nots$ Current assets Ca3h at bank and in hand 118 8,524 Creditors: amounts fallin9 due within one yéar 11 110.3511 11.2911 Net currènt (liabilitiyaS$ets 110.2331 5,233 Net assets oxcluding peb)slon liability 110.2331 5,233 The funds of the ¢harfty unstrICted fund5 110,2331 5.233 110,2331 5.233 The financial staternents were approved by the trustees on 24 Juty 2024 Ms L M Hilder Tru$tee L HiJd6r
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollclgs charlty infomiatlon Purple House Nurseries is a Charitable Incorporated OrganisatK)n. 1.1 Accountlng ¢onv8ntion The financal statements have been ppared in accordan wf(h the charity'5 Igoveming documÉntl. tt)e Charities Act 2011. FRS 102"Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102.1 and the Charitie5 SORP 'AcUnting and Reporting by Charities." Statement of Recommended Practice applicxble to tharit185 preparing their accounts in accordan with the Finan81 Reporting Standard applicable in the UK and Republi¢ of Irelan¢J IFRS 1021" leffective 1 J8nuary 20191. The chanty is a Publi¢ Benefit Entity as defined by FRS 102. Thè charity has taken advantage of the provisions in tho SORP for tharities not to prepare a Statement of Cash Flows. The financial statsments have departed from the Charities (Accounts and Reportsl Regulatn$ 2008 onty to the exient required to provide a true and fair view. This departu has involved following the Statement of Recommendgd Practi for charib.es applying FRS 102 rather than the version of the Statement of Recommended Practi which is referred to in the Regulations but which has Sin been withdrawn. The financial statements are prepared in ¥tgrfing. which 55 the functional currency of tha charity. Monetary amounts in these financial statements are rounded to nearest £. Thé financial statements have been preparèd under the historical cost cjjnvention. Imodffied to indude the revaluation ol fhold properties and to include invgstment properties and cèrtain finanaal instruments at fair valuel. The principal accounts.ng polGIeS adopted are set out b810w. 1.2 Golng concem At the timè ol approving the finanual statements, tha trustees have a reas0rnab expectation that the tharity has adequate rgsources to continue in op&iational existen for tha foreseeable ftjture. Thus the trustees iy)ntinue to adopt the going concern basis of accounting in preparing the fin5nal statements_ 1.3 Charltsble funds Unrestricted funds are available for u$& at the discretion ol the trustaas in furtherance of their charitabla objectives. Restricied funds are Subject to specific conditions by donors or grantors as to how they may bè usèd. The purpos&s and uses of the restricted funds are set out in the note5 to the finanaal statements. Endowment funds are subject to SP8ethc condits.ons by donor5 that th8 cxpilal must be maintained by the charty. 1.4 Income Inmrne 15 rècognised when the charity is legally 8ntiU&d to it after any perfomThan conditions have been met, the amounts can be measured reliably, and rt is probab that income will bg rec8ivgd. Cash donatioris ar8 recognised on e*1pt. Other donations are recognised once the charity has been notified of the donation, unless performance condth.ons require deferral of the amount. Income tsx COVerable in relation to donations received under GIftd or deeds ol covenant is recogni8ed at th8 tr'm8 Of th8 donation. Legaues are e09n1$e on reIpt or othe1$e if ts charity has been notified of an irnp8nding distribution, the arnount is kTKMn. and rècèipt is oxpected. If the amount is not knovm. the legacy is treated as contingent asset.
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounn9 polici8¥ Icontlnuedl 1.5 Expendltur• Liabilities are CogniSed as e>penditur& as soon as the is 8 Ial or constructive obligats.on eommitting the charity to that expenditure, rt is probable that a transfer of acx)nomic benefits will be requir8d in settlement and the amount of the obligation can be rneasured rtliably, Expenditure is accounted for on an attruals basis and has been classified und8r heajings that aggregate all cost lated to th8 catsgory. Where costs cannot be direcity attributed to particular heading5 they have been allocatsd to activeS on a basis consistent with th& usg of resour$. 1.6 Cash and cash equival•nts C85h and c55h equivarnts indude cash in hand, deposits hgld at call banks, other short-tèm IK4uid investments with original maturits'es ol thr9& months or less. and bank ovèrdrafts. Bank overdraft5 are shown within borrowings in curTont liabiles. Basic fin8ncl&l4ssets Basic financial as58t5. which indude debtors and cash and bank balances, are initkalty measurtd at tiansaction price including transaction cost3 and are subsequenlly carried at amortisèd c05t Using the effective interest method unles8 the arrangement constitutes a finanr@ transaction, where the transaction is measured at the psent value of thè future reIpts discounted at a market rata of intarèst. Financial 8ssets classified as e1Vable wrfchin one year are not amortised. Basic financial liabililles Basic financial liabilities, including cfeditors and bank loans are Initial reccNJnised at transaction pri unless the arrangement constrtutes a financing transaction. where the debt instrument is measu at the prèsent value of the futura payments discounted at a market ratè of interest. Financial Ikqbilities classified as payable within on8 year are not amortised. Debt instruments art subs8quentty Carried at amortised Cost, using the effectwe intsrest rate method. Trade creditors are obligations to pay for goods or servi$ that have been ac4uiEd in the ordinary cours8 of OP8rations from suppliers. Amounts payab are class1fied as curr6rnt liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade credrtors a recognised inth.ally at transaction pri(? and subsequenuy m8asured at amortised cost using thè effective interest method. Derewgnitlon of financial li8bilitles Financial liabilities are der8cognised when the chartys ¢tsntractual obligat'ons expire or are distha*gad of cancelled. 1.7 Employee beneflts The cost of any unused holiday eth"tlarnent is Tecognised in the period in which the employee's Servi are reived. Temiination benefits are recognised immediately as an expense when the eh8rity 1$ d8monstrably committe to terminate the employment of an ernployee or to prowde termination benefits.
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 IAARCH 2024 Crltlcal a¢¢ountlng e¥timatsS at)d judgements In the application of thè charity's accounting policies. the trustees are required to make judgements. estimatas and assumptions about the carrying amount of assets and liabilities that are not readily apparent trom other SoUrs. The e3tirnates and as50Thated assumptions ar8 based on historical expglierte and other factors that ar8 considered to be reL8vant. Actual results may differ from these estimate5. The estimates and undertying 8ssumpb.ons are reVId on an ongoirg basis. Revisiot)s to accounting esb"mates are recognised in the period in which the e5timats 15 revised where the revision affects only that period. or in the period of the revL%ion and future periods where the rewsion affects both current and fubJr6 P8ri0ds. Incoma from donatSon8 and Itgaeies Unrestrl¢tsd funds 2024 Unrostrictsd fvnd¥ 2023 Donations 8T gifts Awards For All Grant 1.600 10.000 11,600 Income from charitsbb aetlvltl•s Unrestricted funds 2024 Unr•strl¢t•d funds 2023 Headlng #ac989 Sa18 of goL¥Js 79,325 67,889
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on eharitable actlvltl•$ Heading
ac982
2024 Heading
ac982
2023 Direct CO8ts staff cx)5ts Nursèry Food Nursery Leaming Materials Nursery- Toys & Equipment Nursery Unifom)s Nursery Hygièn8 75.109 2.340 727 2,767 57,513 431 822 22 326 81,415 61,300 Share of support and govemanc• costs Is•• notè 61 Support Govemance 12.776 600 2,149 2,295 94.791 65.744 Analysis by fund unstrICted funds 94,791 65,744 Support costs allocated to aetiviti8¥ 2024 2023 805 250 749 800 102 11,043 600 332 2.295 Governance costs 13.376 Analy8ed been. Heading #ac982 13.376 Net movement in funds 2024 2023 The net movement in fvnds is ststed 8ft8r chargingllcreditingl..
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tru$tg98 None of the trustee3 lor any persons cot)nected with them) rwxivad any remuneration or trRnefits frorn the ¢harty during the year. Employee8 Thè avarage monthly nurnber ofamployeès during the year was.. 2024 Number 2023 Number Employment Costs 2024 2023 Wages and salarie5 75,109 57,513 There were no employees whose annual remuneration w8$ morè than £60.000. Remuneration of key managemont porsonnel The MuneratiOn ol key rnan8gernent pèrsonnel was as follow3.. 10 Taxation The charity is exempt from taxation on its aetivth.es because all its in¢xme is applBd for tharitabl8 purposès. 11 Creditors: amounts falllng dua vlthln one year 2024 2023 Trade creditors Awruals 3nd deferred income 9.151 1.200 91 1,200 10.351 1.291 12 Unre8trictsd fund8 The unrestricted funds ol the charty comprise the unexpended balanees of donab.ons and grants which are not subject to sp8afic conditions by donors 8nd grantors as to how they may be used. These inclyde d8signated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming Resources At 31 Mareh resources •xpond•d 2024 General fvnds 5,233 79,325 194,7911 110.2331 10-
PURPLE HOUSE NURSERIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Unrestrlcted fund¥ Icontlnuedl Pr•vious year.. At 1 April 2022 Incoming resources Re80urces At 31 Mareh expendod 2023 General fvnds 18,5121 79,489 165,7441 5,233 13 Related party transactions Transactton8 Wth relat•d parti08 During the year the charity entÉr8d into the following transactions wth r8latÉd partias.. Winntr. The Preston Road Womens Centre 2024 2023 Salary costs 75,109 57.513 75,109 57.513 11