## **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS** **FOR THE YEAR ENDED 31 MARCH 2025** **(Registered Charity Number 1192555)** **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** |**CONTENTS**|| |---|---| |**PAGE 3**|**Legal and Administrative Details**| |**PAGE 4-5**|**Statement of Trustees’ Responsibilities**| |**PAGE 6**|**Statement of Financial Activities**| |**PAGE 7**|**Balance Sheet**| |**PAGE 8**|**Notes to the accounts**| Page **2** of **9** ## **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## **LEGAL AND ADMINISTRATIVE DETAILS** ## **1. CONSTITUTION AND MANAGEMENT** The Board of Trustees for the Charity consists of no more than 8 voting members. Members of the Board during the period were as follows: Tom Buxton – Chair Stewart Harris David Trujillo Husham Khan Tom Howell-Jones Jonathan Malina Richard Mason Asma Munir Non-voting member is the Head Teacher: Yvonne James ## **2. OBJECTS** The Object of the Charity is to advance education for the public benefit of pupils at Selly Oak Nursery School by safeguarding and enhancing the educational environment of the school land and buildings. ## **3. ADDRESS FOR CORRESPONDENCE** Selly Oak Nursery School, 26 Tiverton Road, Selly Oak, Birmingham B29 6BP ## **4. CHARITY** The Board of Trustees is registered with the Charity Commission under registration number 1192555. Page **3** of **9** **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## **TRUSTEES REPORT** ## **Review of activities** The Charity is a CIO Foundation Trust and was registered on 27 November 2020. The CIO was set up to replace an unincorporated Charity by the same name under Charity Commission Registration Number 528912. It has been a dormant CIO until 5[th] December 2023 when the property and assets of the old charity were merged and transferred into the CIO. The Charity holds freehold land and buildings at 26 Tiverton Road, Selly Oak, Birmingham B29 6BP for the benefit of Selly Oak Nursery School. The buildings consist of a nursery school and adjacent house previously used as a caretaker’s accommodation. The trust sold the caretakers house at the end of the 2425 financial year as an unused asset in order to raise funds towards the school improvement project. The school is operated by Birmingham City Council who took over the undertaking and net assets, with the exception of the freehold land and buildings, from the Charity, on 1 January 2012. The lease has expired but continues under its terms and we are negotiating with the Council to agree a new lease on commercial terms but progress has been very slow due to lack of engagement from the Council and a reluctance to pay a fair rent for the premises. ## **Financial Report** The Charity receives £9,000 rent per year from Birmingham City Council under the terms of the lease. Birmingham City Council does not pay rent regularly and as a result arrears build up, but the Council did clear the arrears and paid up to date as at 31[st] March 2025. Aside from rental income received, the charity also receives fundraising income and other income as required through the delivery of its activities, including the sale of the ex-caretakers house this financial year. The Charity incurs expenditure on the caretaker house, school repairs and maintenance costs, administration and professional fees and costs associated with plans to upgrade and improve the building and facilities so they are fit for the future. ## **Reserves** At 31 March 2025, the Charity held the following reserves: The school buildings at a valuation of £120,000. Other unrestricted reserves amounting to £408,629. Trustees seek to establish a level of reserves required to carry out routine, cyclical and major repairs where these might be the responsibility of the Trustees and the Charity. Page **4** of **9** ## **Public benefit** The Trustees are satisfied that the Charity’s activities meet the requirement of section 17 of the Charities Act 2011 to be for the public benefit and the Trustees have had due regard to public benefit guidance by the Charities Commission. ## **Risk** The principal risk to the Charity is to provide a safe environment for all who attend the nursery school premises. In this respect, the Trustees will follow the local authority guidance for Child Protection, Health and Safety and Risk Management. Page **5** of **9** SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES REPORT Icontlnuedl Statement of Trustees, Re5ponslblllties The Charities Act 2011 requires the Tru5tee5 to Prepare financial statements for each financial year which comply with regulations under the Act. The Trustees are ￿sponSIble for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. The Law also sets out the Trustees, responsibilitie5 for the preparation and content of the Trustees, Annual Report. Chair of TnJstees= Tom Buxton Date: 30January 2025 Page 6of9 ## **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## **STATEMENT OF FINANCIAL ACTIVITIES** |**31 MARCH 2025**
**Notes**

**INCOMING RESOURCES**
Incoming Resources from generated funds:
Income from Lease of the Buildings
and Land to Birmingham City Council
Bank Interest
Fundraising Grant Income
**1**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Admin and Professional Fees
Caretakers House
School repairs and maintenance
Building Plans / Project
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES**
**Surplus on valuation of school buildings**
**NET INCOMING RESOURCES**
FUNDS attributable to the Charity at start of period|**Total**
**Total**
**2024-25**
**2023-24**
**£**
**£**
23,900
132
93
3,000

| |---|---| ||_____
**385,102**
**3,093**
**_____**| ||1,750
5,180
10,267
1,895
26,884
16,966
22,042
53,565
| ||_____
**60,943**
**77,605**
**_____**| ||**324,159**
**(74,512)**
| ||_____
**120,000**
**120,000**
**324,159**
**(74,512)**
**75,527**
**134,361**
| ||_____
**519,686**
**179,849**
_____| Page **7** of **9** 5ELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO ANNUAL ACCOUNrs FOR ThE YEAR ENDED 31 MARCH 2025 BALANCE SHE 31 MARCH 2024 Notes Total Totsl 2024-25 202>24 FIXED A55Ef5 Tan8ible Fixed Assets 120,IA)O 120.(100 CURRENT A5SErs Cash at Bank 386,495 75,470 DEBTORS Rent due from BCC CREDITORS Amounts falling Due within l year 22,134 NEf CURRENT UABIUTIES 528,629 204,470 FUNDS Unrestricted Restricted 408,629 120,0(10 84A70 120.000 TOTAL FUNDS 528.629 204,470 The accounts were approved by the Trustee5 on 30 January 2025 And signed on heir alf by Tom Buxton, hairo Trustees Date.. 30 January 2025 Page8of9 ## **SELLY OAK NURSERY SCHOOL LAND AND BUILDINGS CIO** ## **ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** ## **NOTES TO THE ACCOUNTS** 1. FUNDRAISING GRANT INCOME This is grant income raised from charitable trusts towards the school improvement project. There were no funds raised during the 2425FY. ## 2. TANGIBLE FIXED ASSETS For the purposes of calculating rent payable by Birmingham City Council, a valuation report was carried out by Gerald Eve LLP Chartered Surveyors. The valuation did not include the house, which has now been sold. A new valuation of the school will be undertaken in 2026/27 financial year. ## 3. CREDITORS The total amount of payments on Trust activity due to the school is £22,134. Page **9** of **9**