Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
**Chiddingstone Nursery School CIO**
**Charity No. 1184378**
**Company No. CE018174**
**Trustees' Report and Unaudited Accounts**
**31 August 2024**
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
||Pages|
|---|---|
|Trustees' Annual Report|3 to 8|
|Independent Examiner's Report|9|
|Statement of Financial Activities|10|
|Summary Income and Expenditure Account|11|
|Balance Sheet|12|
|Statement of Cash flows|13|
|Notes to the Accounts|14 to 20|
|Detailed Statement of Financial Activities|21 to 22|
2
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** Chiddingstone Nursery School CIO **Company registration number** CE018174 **Charity registration number** 1184378 Registered Office Chiddingstone Castle Hill Hoath Road Chiddingstone Edenbridge TN8 7AD
Directors and Trustees S. Butcher G. Cohen M. Downing S. Fitzgerald O’Connor S. Forsythe Irwin B. Kostadinov (resigned 15 May 2024) T. Planterose L. Sundt F. Watson S. Woodward
**Independent examiner** Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL
## **OBJECTIVES AND ACTIVITIES**
The charity works for the public benefit having as its objects the development and education of children and young people.
(1) promoting their care and safety;
- (2) promoting their education and promoting parental involvement;
- (3) promoting their health and wellbeing;
- (4) providing services to support them and their families and carers;
(5) providing services to individuals holding membership of the CIO; and
(6) furthering the aims of the Pre-school Learning Alliance.
3
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
The trustees of Chiddingstone Nursery CIO are aware of the guidance on public benefit. We have taken it into account when making a decision to which the guidance is relevant.
## Main Achievements:
- Embedding new leadership – the new management team and trustees have successfully settled into their new roles despite the challenges of the Nursery Leader having a period of sick leave for a broken ankle. It was testament to the staff team’s dedication that they managed so well in her absence, stepping up into new roles, filling in extra hours and generally keeping everything going for the children’s benefit.
- Managing sick leave – during the Nursery Leader’s period of working from home as part of her recovery we got ahead on updating policies, refreshing the curriculum and setting out training plans.
- Renovations – Thanks to a workplace grant from a parent the PTA were able to renovate the front garden in Spring 2024.
- Fundraising - We continued to benefit from fantastic engagement with parents via the PTA and their fundraising efforts, running a very successful colour run event in May 2024 raising £1,320.
- Financial Prudence - We continued to focus on financial prudence and sourced a new budget template tool from the Early Years Alliance and a breakeven analysis from The Education People to better forecast and manage our costs and overall budget.
- Safeguarding – we continued to monitor and adhere to the strictest safeguarding practices. In addition we strengthened our staff code of conduct re communication between staff and parents and implemented a new centralised email system to allow management to access staff emails if and when necessary.
- Funding - The nursery continues to offer funded places through Kent County Council, thus making it accessible to all families. We started to offer new funding for 2 year olds as part of the Working Parent entitlement.
## **ACHIEVEMENTS AND PERFORMANCE**
The trustees’ objectives were met as follows:
Staff:
- All appraisals completed with Nursery Leader.
- Pay was increased for all staff in April 2024 in line with living wage increase.
- The committee recognised the need to support staff in sickness and introduced 5 days’ paid sick leave.
- We were delighted to welcome Mrs Still to the practitioner team and help fund her Level 3 training with us
- Staff survey had very positive results:
- “Staff feel more included in the running of the nursery. Our ideas and opinions are valued and issues are listened to and acted upon”
- “positive and supportive place to work”
- “Current leadership seems to be working very well”
4
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
## Committee:
- Committee remains strong with new members elected at AGM.
- Continuous drive to get more parents onto the committee to ensure a pipeline of support for trustee roles.
- We completed Successful Charity training with The Education People and continued to update our welcome pack and handover file.
Safeguarding:
- All new guidelines adhered to. The process for reporting concerns is presented at every committee meeting.
- All policies up to date.
- Relevant training completed and monitored via the Committee Central Record.
Parent involvement:
- As part of the AGM parents were sent the Annual Accounts and the Trustees’ annual plan.
- A parent questionnaire was created and issued. The feedback was overwhelmingly positive: 100% saying their child was very happy or happy and 100% rating care as good or outstanding. Constructive feedback was listened to and implemented where possible.
- Fees were increased in January 2024 by 10% following a freeze last year. Ts and Cs updated to reflect our right to put fees up every year.
- The number of totally free spaces for over 3-year-olds was reviewed in line with financial projections for 2023 to ensure we were meeting the provider agreement, and to ensure the nursery is accessible to all.
- Parent survey:
- “Outstanding staff, home away from home.”
- “I am pleased with ALL aspects of the nursery. The staff, the facilities, the environment, the grounds & opportunities. The care and love from staff.”
- “The beautiful new interior makes such a difference to the nursery space.”
- “The staff are always happy to help, answer queries, they are super friendly and approachable. They do a great job with the children”
## **FINANCIAL REVIEW**
For the year ended 31/ 08/2024 the charity had an income over expenditure surplus of £13,273 (2024) compared to £13,369 (2023), the surplus is carried forward to next year to further fund the charities objectives.
The Charity’s reserve policy is to meet redundancy liabilities equal to statutory redundancy pay; provide general contingency reserves equal to a minimum of three months of average total expenditure of the last two years, excluding any rental and exceptional expenditure; and provide rental contingency reserves equal to one year of total expenditure as per the current lease agreement. As at 31/08/2024 the reserve held was £108,407.
The following are the principal risks facing the charity:
- Competition from local nurseries offering longer hours or more funding (e.g. 30 hours or from 9 months for working parents) or Forest School
5
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
- Underfunding from central government. The funding we receive barely covers the running costs of providing the contracted hours of education.
- The potential for rent and utilities to increase costs if the landlord renegotiates the lease
- Staff succession planning bearing in mind the length of tenure of a lot of our staff.
- The principal source of funds comes from fees and this was 53% of annual income in the period ended 31/08/2024.
## **PLANS FOR FUTURE PERIODS**
Our main concern for the near future is the rising cost of living for parents and staff alike. Kent County Council barely matches the cost of operation and it is unlikely to increase sufficiently. We are a charity committed to providing outstanding childcare to the local community, irrespective of their financial situation. This means we need to rely on our prudent financial planning to avoid passing rising costs on to parents where possible, whilst ensuring staff pay increases in line with the Living Wage, their training, skills and loyalty.
Our rent has remained static for a number of years now, and any change in this in future will affect our ability to keep childcare costs as low as possible for parents.
We will be looking at feasibility of opening earlier and testing a summer holiday club in an effort to boost income.
We do not see any other major financial issues on the horizon.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a CIO, registered with the Charity Commission, with a board of trustees with a wide variety of experience. The Charity adopted and follows the Model CIO Constitution for Childcare Providers 2013.
The Charity upholds the following trustee selection method and policies:
(1) There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or to appoint a new charity trustee.
(2) The maximum number of charity trustees is 12. The charity trustees may not appoint any charity trustee if, as a result, the number of charity trustees would exceed the maximum.
The charity trustees are appointed at the AGM of the charity to serve for two successive years and shall retire from office with effect from the conclusion of the second AGM following their appointment.
(3) At every AGM of the members of the CIO, one third (or the number nearest to one third) of the elected charity trustees shall retire from office.
(4) The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any charity trustees were last appointed or reappointed
6
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
on the same day, those to retire shall (unless otherwise agreed amongst themselves) be determined by lot.
(5) The vacancies so arising may be filled by the decision of the members at the AGM; any vacancies not filled at the AGM may be filled as provided in sub-clause (5) of this clause.
(6) The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed in accordance with clause 15 (Retirement and removal of charity trustees), or as an additional charity trustee, provided that the limit specified in sub-clause 12(3) (Number of charity trustees) would not as a result be exceeded. A person so appointed, shall serve for two successive years and shall retire in accordance with subclauses (2) and (3) of this clause.
(7) Where an individual is appointed as a charity trustee, it is that individual who is the charity trustee. No other individual with whom they share membership shall be entitled to stand in their place at meetings of the charity trustees or have any other rights as a charity trustee.
(8) To encourage parental involvement, at least two thirds of the charity trustees shall normally at the time of election be family members. In the event that this figure cannot be achieved however, the CIO may elect affiliate members to make up the balance of the charity trustees.
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
(1) a copy of this constitution and any amendments made to it;
(2) a copy of the CIO’s latest trustees’ annual report and statement of accounts; and
(3) a copy of the roles and responsibilities of trustees as produced by the Charity Commission.
Trustees are also encouraged to attend training provided by The Education People.
The charity is run by Trustees and a wider committee that represent the parents involved in the nursery.
The day-to-day management of the nursery is carried out by the Nursery Leader and qualified nursery staff.
Chiddingstone Nursery PTA carries out fundraising for equipment and resources.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS102).
7
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Trustees Annual Report**
Signed on behalf of the board
S. Fitzgerald O’Connor
L. Sundt
Co-chairs of the Management Committee
25/04/2025
8
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Chiddingstone Nursery School CIO**
I report to the charity trustees on my examination of the financial statements of Chiddingstone Nursery School CIO for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act').
In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
• accounting records were not kept in accordance with section 386 of the 2006 Act ; or
• the financial statements do not accord with those records; or
• the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS102).
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 financial statements to be reached.
CPAA Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL 25/04/2025
9
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Statement of Financial Activities**
## **for the year ended 31 August 2024**
|**Notes**
**Income and**
**endowments from:**
Donations and
legacies
3
Charitable activities
4
Other trading
activities
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on
investments
**Net income**
Transfers between
funds
**Net income before**
**other gains/ (losses)**
**Other gains and**
**losses**
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2024**
**£**
50
127,491
-
1,223
128,764
5,421
110,024
115,445
-
-
13,319
13,319
95,088
108,407|**Restricted**
**funds**
**2024**
**£**
2,500
-
1,359
-
3,859
-
3,905
3,905
-
-
(46)
(46)
46
-|**Total funds**
**2024**
**£**
2,550
127,491
1,359
1,223
132,623
5,421
113,929
119,350
-
-
13,273
13,273
95,134
108,407|**Total funds**
**2023**
**£**
1,563
107,939
14,013
750|
|---|---|---|---|---|
|||||124,265
4,256
106,640|
|||||110,896
-|
|||||13,369
-|
|||||13,369|
|||||13,369
81,765
95,134|
10
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Summary Income and Expenditure Account**
## **for the year ended 31 August 2024**
|**or the year ended 31 August 2024**|||
|---|---|---|
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
**£**
132,623
132,623
119,350
119,350
13,273
13,273|**2023**
**£**
124,265|
|||124,265|
|||110,896|
|||110,896|
|||13,369
13,369|
11
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
|**Balance Sheet**
**at 31 August 2024**
**Company No. CE018174**
**Notes**
**Fixed assets**
Property, plant and equipment
10
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
12
Restricted income funds
**Unrestricted funds**
13
General funds
**Reserves**
14
**Total funds**|**2024**
**£**
971
114,813
115,784
(7,376)
108,407
108,407
108,407
108,407
-
108,407
108,407
108,407|**2023**
**£**
-
106,842|
|---|---|---|
|||106,842
(11,708)|
|||95,134
95,134|
|||95,134|
|||95,134|
|||46|
|||46
95,088|
|||95,088
95,134|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
## Approved by the board on **25/04/2025**
And signed on its behalf by:
S. Fitzgerald O’Connor L. Sundt
**Co-chairs of the Management Committee**
12
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Statement of Cashflows**
## **for the year ended 31 August 2024**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Dividends, interest and rents from investments
(Decrease)/Increase in trade and other payables
Depreciation
**Net cash provided by operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
Purchase of property, plant & equipment
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
13,273
(1,223)
(4,331)
42
7,761
1,223
(1,013)
210
-
7,971
106,842
114,813
114,813
114,813|**2023**
**£**
13,369
(750)
1,245|
|---|---|---|
|||13,864
750
-|
|||750|
||||
|||-|
|||14,614
92,228|
|||106,842|
|||106,842
106,842|
13
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
**for the year ended 31 August 2024**
**1. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015) - (Charities SORP(FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with Where income has related expenditure the income and related expenditure related is reported gross in the SoFA. expenditure Donations and Voluntary income received by way of grants, donations and gifts is included legacies in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in and facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
14
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/ (losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/ (losses) on This includes any gain or loss on the sale of investments. investment assets **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/ independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Property, plant and equipment**
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
## _**Depreciation**_
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & machinery 25% straight line
The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
15
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
## **2. Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## **3. Income from donations and legacies**
|Donations
Grants|**Unrestricted**
**£**
50
-
50|**Restricted**
**£**
2,500
-
2,500|**Total 2024**
**£**
2,550
-
2,550|**Total 2023**
**£**
626
937
1,563|
|---|---|---|---|---|
16
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
## **4. Income from charitable activities**
|Fee Income
KCC Funded Places
Admin Fee/Deposit
Other
**. Income from other trading activities**
FF2 Payments
SENIF Payments
EYPP Payments
**. Other income**
Interest Received
**. Expenditure on charitable activities**
_Expenditure on charitable activities_
Fee Income
KCC Funded Places
Admin Fee/Deposit|**Unrestricted**
**£**
70,291
55,159
1,065
976
127,491
**Restricted**
**£**
294
200
865
1,359
**Unrestricted**
**£**
1,223
1,223
**Unrestricted**
**£**
800
4,476
145
5,421|**Total 2024**
**£**
70,291
55,159
1,065
976
127,491
**Total 2024**
**£**
294
200
865
1,359
**Total 2024**
**£**
1,223
1,223
**Total 2024**
**£**
800
4,476
145
5,421|**Total 2023**
**£**
65,077
41,582
720
560
107,939
**Total 2023**
**£**
-
5,830
8,183
14,013
**Total 2023**
**£**
750
750
**Total 2023**
**£**
2,319
1,257
680
4,256|
|---|---|---|---|
## **5. Income from other trading activities**
## **6. Other income**
## **7. Expenditure on charitable activities**
17
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
## **8. Other expenditure**
|Employee costs
Premises costs
General administrative costs
Legal and professional costs
**. Staff costs**
Salaries and wages
Social security costs
Pension costs|**Unrestricted**
**£**
84,582
14,358
6,993
4,091
110,024|**Restricted**
**£**
3,905
-
-
-
3,905|**Total 2024**
**£**
88,487
14,358
7,965
4,091
113,929
**2024**
**£**
84,401
-
2,707
87,108||**Total 2023**
**£**
84,110
11,622
9,074
1,834
106,640
**2023**
**£**
81,649
-
935
82,584|
|---|---|---|---|---|---|
## **9. Staff costs**
No employee received emoluments in excess of £60,000.
## **10. Property, plant & equipment**
|**Cost**
At 1 September 2023
Additions
At 31 August 2024
**Depreciation**
At 1 September 2023
Charge for the year
At 31 August 2024
**Net book value**
**At 31 August 2024**
At 31 August 2023||**Computer**
**Equipment**
**£**
-
1,013
1,013
-
42
42
**971**
-||**Total**
**£**
-
1,013|
|---|---|---|---|---|
|||||1,013
-
42
42
**971**
-|
18
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
## **11. Creditors:**
amounts falling due within one year
|Deferred income
Pension payable
PAYE payable|**2024**
**£**
7,102
274
-
7,376|**2023**
**£**
10,635
253
820
11,708|
|---|---|---|
## **12. Movement in funds**
|**2. Movement in funds**||
|---|---|
|**Restricted funds:**
**Restricted income funds:**
FF2 Payments
SENIF Payments
EYPP Payments
Donations
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1**
**September**
**2023**
**Incoming**
**resources**
**(including**
**other gains/**
**losses)**
**Resources**
**expended**
**At 31 August**
**2024**
**£**
**£**
**£**
**£**
-
-
-
294
200
865
(294)
(200)
(865)
-
46
2,500
(2,546)
-|
||46
3,859
(3,905)
-|
||95,088
128,764
(115,445)
108,407
95,134
132,623
(119,350)
108,407|
Purposes and restrictions in relation to the funds: Restricted funds: FF2 Payments Donations
## **13. Analysis of net assets between funds**
|Net current assets|**Unrestricted**
**funds**
**£**
108,407
108,407|**Total**
**£**
95,134
95,134|
|---|---|---|
19
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Notes to the Accounts**
## **14. Reconciliation of net debt**
|**14. Reconciliation of net debt**|||
|---|---|---|
|**At 1 September**
**2023**
**£**
Cash and cash equivalents
106,842
106,842
Net debt
106,842
**15. Commitments**
**_Pension commitments_**
The pension cost charge to the company amounted to:|**Cash flows**
**£**
7,971
7,971
7,971
**2024**
**£**
2,707|**At 31 August**
**2024**
**£**
114,813|
|||114,813
114,813
**2023**
**£**
935|
## **16. Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
20
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Detailed Statement of Financial Activities**
|**Income and endowments**
**from:**
Donations and legacies
Donations
Grants
Charitable activities
Fee Income
KCC Funded Places
Admin Fee/Deposit
Other
Other trading activities
FF2 Payments
SENIF Payments
EYPP Payments
Other
Interest Received
**Total income and**
**endowments**
**Expenditure on:**
Charitable activities
Fee Income
KCC Funded Places
Admin Fee/Deposit
**Total of expenditure on**
**charitable activities**
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training|**Unrestricted**
**funds**
**2024**
**£**
50
-
50
70,291
55,159
1,065
976
127,491
-
-
-
-
1,223
1,223
**128,764**
800
4,476
145
5,421
**5,421**
80,496
-
2,707
1,379
84,582|**Restricted**
**funds**
**2024**
**£**
2,500
-
2,500
-
-
-
-
-
294
200
865
1,359
-
-
**3,859**
-
-
-
-
**-**
3,905
-
-
-
3,905|**Total funds**
**2024**
**£**
2,550
-
2,550
70,291
55,159
1,065
976
127,491
294
200
865
1,359
1,223
1,223
**132,623**
800
4,476
145
5,421
**5,421**
84,401
-
2,707
1,379
88,487|**Total funds**
**2023**
**£**
626
937|
|---|---|---|---|---|
|||||1,563|
|||||65,077
41,582
720
569|
|||||107,939|
|||||-
5,830
8,183|
|||||14,013|
|||||750|
|||||750|
|||||**124,265**
2,319
1,257
680|
|||||4,256|
|||||**4,256**
81,649
-
935
1,526
84,110|
21
Docusign Envelope ID: 12B4ED0B-460F-4280-8F27-ED9CB8AD25AE
## **Chiddingstone Nursery School CIO**
## **Detailed Statement of Financial Activities**
|**etailed Statement of Financial Activities**||||
|---|---|---|---|
|Premises costs
Rent
9,000
Utilities
3,632
Premises repairs and
maintenance
1,726
14,358
General administrative costs, including
depreciation and amortisation
Equipment expensed
Depreciation
456
42
General insurances
1,563
Information and
publications
499
Software, IT support and
related costs
219
Stationery and printing
1,768
Sundry expenses
1,409
Telephone, fax and
broadband
1,037
6,993
Legal and professional costs
Accountancy and
bookkeeping
1,538
Other legal and
professional costs
2,553
4,091
**Total of expenditure of**
**other costs**
**110,024**
**Total expenditure**
**115,445**
Net gains on investments
-
13,319
**Net income**
Transfers between funds
-
**Net income before other**
**gains/ (losses)**
13,319
Other Gains
-
**Net movement in funds**
13,319
**Reconciliation of funds:**
Total funds brought
forward
95,088
**Total funds carried**
**forward**
108,407|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**3,905**
**3,905**
-
(46)
-
(46)
-
(46)
46
-|9,000
3,632
1,726
14,358
456
42
1,563
499
219
1,768
1,409
1,037
6,993
1,538
2,553
4,091
**113,929**
**119,350**
-
13,273
-
13,273
-
13,273
95,134
108,407|9,000
704
1,682|
||||11,622
228
-
569
1,163
558
3,348
1,359
1,848|
||||9,074|
||||1,309
525|
||||1,834|
||||**106,640**|
||||**110,896**
-|
||||13,369
-|
||||13,369
-|
||||13,369
81,765
95,134|
22