Charity registr&tion number.. 1194058 St Margaret's Nursery Annual Re￿￿ and Fir￿1¥1 Sts*ments for the Year En&d 31 Ma￿h 2024 Bercsforyls Charte￿1 Certified A¢countants 1-2 Rwium Point Spindle Close Hawkinge Folkestone Kent cr18 Tro St Marggret's Nursery Conttnts (continued) Reference Adrninistrative tktsils Tru5tee$' Report 2to4 Statemeni ofTnLSittS' Resw)nsibilitics Indcpendenl Exarnrnerfs Report Sts*ment of Finw￿la1 Adivities Balance Sheet Notes to the Fimnciaj Statements 9t0 17 Si Mxrgaret's Nursery Reference and Administralive Details TruBt¢ Ms L Willis Ms K Harp¢r M$ J t)uni8an Ms V D Lourer Ms C P¢ny 1194058 Charity ReÉislr*tion N•nbber Pri*eip•l Olfite Sea Strett Si. Margare￿At￿li￿e tkTrv¢r Kent cr15 6SS Independent Ex*mlntr Chartered Certified A¢counthnts 1-2 Rhodbum Poini Spindle ('lose Hawkingc Folkeston¢ Keni cr187TQ Page I St Margaret's Nursery Trustees. Report The trustees present the annual report tO8tther with thc financial sts*ments of the clwity for the year cnded 31 March 2024. Objertives *nd 8¢tiviti¢s 0+SJeds 411MS St. Margarets Nursery is at the heart of our lo¢•1 community. providin8 carly years education for all eli8ible children in ihc rn. As a nofvprofit oTgani5ation we are pr￿d of the st¥vi¢e ￿ ￿0VIde ￿ lo￿1 f4milies •Thl the fim. nurturing. safe learning environmeni we offtt our Childrtn. The Nurs￿ delivers publi¢ benefit by.. • Preparing pre4¢h￿l children for entsy to the ststtrtory edu¢*ion system and artin8 as a feoler for two l(*al primary s¢hools • Providing infom￿] opportuntties for ￿rents to make new frieThJs and . Offering w¢)rk5hop5 or resources to help pfjrcnts und¢¥stsnd the Im[*)rw￿ of e4rly letrning and how th¢y can suppon iheir child's Cognitive. ￿cial, and ernoltonal developmeni ai • Providin8 inclusive education thai caters to thildren with divetse Icarning needs I￿ludIng those with di5abilitie$ or developmentsl delays. ensurin8 that all ¢hildren wiicikxte and benefit from leamin8 opportunities. • Fostering Lornmunity conn¢ciions arKI access ￿ ILUI services. parti¢ularly if they are Mviyling complex 5y5tems like special education or h¢4lthwe ftr children with disabilitie5. Our fundraisin8 events ¢reale op￿)rtUnItIeS for the entire commtsnity to rn env8< and wll3ix)rne with . fosittin8 • Sense ofunity and shvtd PYryK*e. Pmbllc b¢NeJli The trustees ¢onfirrn that they hive complied with the requirements of sccti(m 17 of the Chariiies Acl ?01 I to have due regard to the public benefii guidance published by the Charity C(rnis5ion for En8land and Wales. Page 2 St Margaret'5 Nursery Trustees, Report (continued) Achiev¢ments perfornthwee St Margarets Nursery is nh)niiored by Ofswl aThJ we were pleascd ￿ receive a verdict of'"GOOD" al our laie5t inspection in July 2023. The Ofsted inspcthr waised the mtha8em¢nt for displaying stron8 leadership skills. effective safeguarding arml creaitn¥ an envinmvnent where the thildren thrive. feel ernotionally secure and display high levels of ¢ngagemeni. Child number5 remwned consistent in 2021. despite a decrease in feevpaying chtldren. This was offset by an in¢T¢ase in the nwnber of funded Children. reflecting the uptake of g0vernmen1-sup￿rted childcere pmyrams. We aniicipale this trend will pergist inlo 2024r25. driven by the governm¢ni"s initiative to provide fr¢e ¢hildeare for workin¥ familt¢s, specifically ihrough the exleL%ion of fiuxled h(M￿S for 2-y¢ar4olds. There was a significant expenditure of £47K on the extensive refurbishment of the pona¢hbin. This c4)si has b¢en ¢apitali5ed in the a¢(￿J￿ts. This means that rathcr than being recorded Is an immediaie expense on the income stst¢m¢n( the cost is upitalised on th¢ balance shed as an asset. This allows th¢ Nuw5ery to spread the cost over the U￿ful lif¢ of the 85set ihrcMJgh depreciolion. which can providc a bener reflection of ihe asseV5 value over time. The aim of this refurbishmeni to enhan¢¢ the building's funclionaliry. safety. and lon8evity. enstsrin8 li remains fht for puw for the foreseeable fvture. The refurbrshmeni included a complde overhaul of the exterior. where th¢ buildin8 was fvlly stripped and upjaied wtih durable maierials to impfove both aellhdics and resilience. Special attention was given to mjintaining the tnt¢griiy of the struciu￿. eAsurin8 thai it is w*enight and fully proiec*d from environmental faC￿rS. In addition. two n¢w fire d(KKs were insthlled. imwovin8 the safety of th¢ buildin8 in line with curreni fire safety regulations. These upgrades ￿ve transfom)cd the p)naubin into a more sKyre aThJ suwinable environmen¢ ready to serve its inicnd¢d purp)sc in Ihe long ￿Trn. An￿h¢r si8nifi¢ani increw is 8 £5K rise in the wa8e bill. In April 2023 the rninimum wa8e in¢rewd by 9.7%, with a further increase of I￿/tr in Atffil 2024. St¥ff wages accoun¢ for about threwuttrter5 of provider so any in¢Jr4sc in minim￿￿ wa8e hay a huge impaci on our budget. Sadly. the Bovernment's rcceni Changcs to early Years Fundin8 have th)ne lirtl¢ io I￿￿ke up for years of underfundin8 orth¢ seaor and we Can only hope thai the govemmeni ¢omrnits io addilional nding for the child¢ar¢ sector goin8 forward. Many nur5¢ries and p￿SChOOlS ar¢ having problems in re¢miting and r¢tsinin8 high quality SUIT. We realise that the su¢¢e55 of the nursery depend5 on having qualified. Valu￿ and committed workforre. In ordcr that we ¢Ontinue to our sthff we f¢¢1 thAt paying a fair wag¢ 1$ essentÉ31. the nursery artd rnanagem¢nt will havc to be very r￿udent in mana8tn¥ 5tsff numbei #nd hours if wc are to ¢ontTrnue to remain sysiain8ble. The truslees will Continue to review and optimize thc budget io identify areas for cosi saving5 withoui compromising quality 4rMI constder alternalive funding sources or grants available for ¢arly years ¢duration. We will aim io implemeni flexible staffing models to adj￿$1 houts based demand and offer professional dev¢lowneni opportuniii¢5 to enhantr staff skills and reteniion. The nursery ha5 f(Kus¢d on estsblishin8 8rKI nur￿1￿8 re1￿lonShIpS with the ￿lJacent prirrtary school. the wider community. and parents and careys throughout the ytar. Thc5e connertions are cnjcial for maintaining a p)siliv¢ profile in the community. &$ most ofthe nur5cry's ¢nrolmert comes th￿￿8h of mouth. The Twstees recognis¢ and aryrrfiate the invaluable ¢{m￿lI￿AtiOnS made by volunteers in various capa¢itie5. especially in fundraising activities. This appftciation extends to the Trusttts themselves generously dedicate their time voluntsrily. Addition8lly. the stslY5 commikn¢nt to contributing trtyorxl their paid hours IS also acknowld8ed and valued. Pag¢ 3 SI Margaret's Nursery Trnstees, Report (continued) Fim•*eiAI r¢vi¢w Policy r£wer￿ The ¢harity has a forn?al w)licy of knlding 5ufficieni workbn8 capital aTwJ ciMrting>Ky fiKMls in reserve to ¢nsure the sustainability of the charity. In addition. ￿ p)licy requires the charity to work ￿WardS building suifi¢ient reserve5 to cover 5bJ8tory & contractual Costs in the eveni of w]￿ling up. Structure? gov¢rn#thce *Dd m*n*gtn*&¢ Nothre oJgoverning Th¢ eharity is governed by the consiiitstion idwed on 9th Awil 2021 on fOrn￿tion of the charity as Charitsble I￿Or￿)￿ted Organisaiion. The ¢lwity is con$iittrted under as￿lation. The management of ihe Charity is the rc5wmsibility of trus*es are elceted aThl Cwted under the t¢mis of the constituiion. Tlw are appoint¢d or reapFMiin¢ed atmually 4¢ the annual 8erthl rnee¢ing. The 8nnuAI report was approved by tru5¢ees of tht ¢hwity on !.f..11..2.4. and signed on its behllf by.. Trus*e Pagc 4 St Margaret's Nursery Statement of Trnste￿, Responsibilities The trus*cs #Te re5W)￿]ble for prtwng the trustee5' re￿rt and the financial sthtemcnts in accordance with the Unitcd Kingdom A￿Oun1]ng StaThJuds (Unitul Kingdom Gen￿lY Accepted Accouffling Praaic¢) and applicable law and regulati¢)ns. The law applicable to chariiies requires th¢ to prepare fin*Kial statemthts fv each financial year which give a inK and fair view of the sta* of affaiF5 of the charity orth¢ incoming reS(M￿ and application of r¢50ur¢es of the charity for ihat period. In prepanng Ihese financial 5thtemen¢% the tru*s are required to.. select suitable accountin8 wTrlicies and then apply them Consisten￿Y. observe the m¢th(xl$ arKI prin¢ipl¢s in the Chariv¢s SORP.. mjke judgements and esirm#tes that are reasonable atml prudent: stat¢ whether applicable xcountin8 Sland•￿ have been follow¢(L subjeci to any material departures disclosed and explained in the financial 5ta*m¢nts: wMI prepare the finan¢ial ststements on the goin8 cO￿¢M basis unless it is inappropriaie to presume that the charity will wntinuc in business. The trustees gre Tesponsible f(￿ keeping proper a¢¢ounting rtcords that disclose with r¢*Eonable accuracy at any time ihe finan¢ial position of the charity and enable thcm to ensurt thai the financial stsiements ¢ornply with the Charities Act 2011, the Chariiies (Acwunts RetKynsl Rc8ulalion$ 21x18. and the provisions of the consiiiuiion. The irusie¢s ire also responsible for $8feBuardin8 the 85%ts of the Charity and hence for thking reasonable 4eps for the preveniion and dei¢dion of fraud and other irr¢gulwitiC5. The tNsiees are responsible for the maintenance and inte8rity of the corpor8ie and fin8rKial informati included on ihe charitable company's websiie. Legislaiion ¥ov¢rning the pr¢parnti¢)n and diss¢minaiion of rinan¢i41 stattments m8y differ from l¢gislation in other jurisdi¢iions. i.f.112.¥.. a￿,,.8￿1 on its behalf by.. Approved by the trust¢H of the charity on.. . . . . . . . Page 5 St Margaret's Nursery Independent Eraminer's Report to the trn$tees of St Margaret's Nursery I report to the mLSttts on my exarninalion of the 7Kcounts of St Margarrfs foT year ended 31 Mar¢h 2024. Responsibilitiu •nd basis of ryport As the ¢harity trusttts of Si marga￿,$ Nuw5ery you a￿ ttspmsible for th¢ preparatth of the aw)unts in ecLord#nce with the r¢quireTnents of t1￿ CharÉiies Ad 2011 {'the Aa'}. I report in respect of my examination orth¢ Si Maryarrt's Nursery's a¢¢oibllts c4rri¢d oui under section 145 of the 2011 Aci and in cwryin8 ovt my examination I have followed all the applicable Direciions given by the Charity Commission under seciion 14515Xbl of the Act. Indeptnd¢tht eA•miller'$ stst¢m¢*t I have compleied my cxamination. l ¢onfimb th* no material matters have ¢ome to my attention in connection with the examination Biving me cause ￿ believe that in any material res￿1. l. ac¢otsntin8 rKord$ wtre kept in respe￿ of St Mar8arfs Nutsery as required by st￿lOn 130 of ihe Act: or 2. the a￿O￿nts do Thx accord with tlw records: or 3. the accounts do not comply with th¢ a¢¢ouniin8 wvirements ¢orKernin8 the fomi and conteni of accounts set out Én the Charilies (Accounts and Rewjrts) Regulations 2(K)8 other any requirement thai the a¢¢ounis %ivc a'inhe and fair VI￿ which is not 8 matter eonsidered a5 part of an ityjependeni examination. I have Th) Concerns and hve c￿lle a¢ross fK+ thher matters in connection with the txaminwiion io which artention should be drawn in this repLYt in order ￿ enabl¢ a proper ￿nd￿￿1n8 ofthe xcounts to be reached. Mr D ￿Y￿e FCCA Beresfords Chartered Certified Ac¢ountsT 1-2 Rhodiurn Point Spindle Clo Hawking¢ Folk¢s¢one Kent CT18 7TQ .>sl,,I, Page 6 St Margaret's Iyursery Statement of Financial Activities for the Year Ended 31 March 2024 UNrestriel¢4 f¥nd5 Total 2024 Not¢ Income ##d Endowmeats froth". Donattons and It￿cleS Charitable activiiies Investment income (hher income 5.819 147.041 2.214 3.520 5.819 147,041 2.214 3.520 Tothl In￿Me 158.594 158.594 Exp¢nditwre o*: Charitsble a¢iivittes Other expenditUTe (142.9601 18.029) 1142.960) 18.029) Total expenditure 150.989 150.9891 Nei income 7.605 7,605 Nel movement in fun&8 7.605 7.605 Reconelllitlon of fund$ Tothl funds Fffoughi fo¢ward Tothl fvnds carried for%wd 191,174 191,-374 17 198.979 Unr¢s¢ricted funds 198.979 Tol81 2023 Nole Intom¢ •od Endowme•ts frnm: Donattons and lega¢ie5 C￿rItable a¢tivilies Invuttneni incorn¢ 14.033 126.403 801 14.0.13 126.403 801 Total In￿Me 141.237 141,237 Exptndi¢ure on: Charitable aaivili¢5 Other expenditure (149.580} 6.107 (149.580) 6,107 Total exp¢ndiiure 155.68 155.687 expendilw¢ 14.450 14.450 Net nK)vement in fimd5 (14.450) {14,4501 R¢toTh¢ill*tioD of fund$ Total fiuK15 brou8ht forward Total fvnds ca￿￿ed forward 205,824 205.824 17 191.174 191.374 All of the charity'$ activities derive from ¢4)lliinuin8 OP￿l￿n5 dwing the alKwe two pcriods. Thc funds breakth>wn for 2023 15 SIK*w￿ in Tr)te 17. The notes on pages 9 to 17 fom) an integral port of th¢se financial statements. Pag¢ 7 St Margarel's Nursery {RegistratioD number: 1194058) Balance Shttt gs at 31 March 2024 2024 2023 Fixed #sgets Tangible assets 13 98.935 59.719 Current *sqels Debtors lthYe5knents C&sh at bank and in hthj 14 1.615 62.716 41.642 2.085 75,502 55,530 105.973 Creditorj". Amouthts f*lliD¥ du¢ witbi4 omt ye*r Net ellrre￿t lsstts Is 15.929) 1.462} 100.044 131,655 Net 8Jsets 198.979 191.-374 Funds of th¢ ¢h*rfty: Unrtstrlet¢d Ineomt fu#dJ Unrcsiricied tiinds 198.979 191,374 Tol*l fundi 17 198.979 191.374 The financial stslem¢nts on pa8es 7 kn 17 w*re approved by the tru5te¢s. And authori5ed for issue on ..￿..1￿.2¥. and si8n¢d on their behalf by.. Ms K Harrrtr TnLqt¢e Twste¢ J Dunigan Trys*e The notes on pages 9 ￿ 17 fomi an integrnl part of these financial slatements. Pa8e 8 St Margaret's Nursery Notes to the Financial Statements for the Year Ended 31 March 2024 l Aetounting polici¢s Stgtefflent ofcDmpli*ac¢ The finan¢i&l statements have bttn prtpared in xcordan¢¢ with the second edition of the Charities Stsiement of Recommended PrnLtice issued in (knober 2019. the FirwKial ReFX)rting Stsnd8rd applicabl¢ in the Unite41 Kin8d¢)m and Republic of Ir¢land {FRS 102) arKI the Ch8rilies Aa 2011. BASIS o( pr¢p*r*tS0 St Margaret's Nursery meet5 the definiiion of i ptsblic benefit eniity under FRS 102. Th¢ accounts (financial $tsi¢mentsl have been prepared und¢r the histori¢al com ¢onvenlion with items rKogni5ed at cost or irans&ction value unless otherwise sthied in thc relevant n￿¢{$) io thcsc accounts. CoinE ¢ottcern The trustese costs i￿Urred by the dthrity in th¢ deliv￿ oftts a¢¢ivitres and service5 for its beneficiaries. It in¢ludes both costs that can be allo¢ated directly io swh activities and those costs of indire¢t nature ntt¢ssary to support them. P88¢ 9 St Margaret's Nursery Notes lo the FinancA¥I SlatemeDts for the Year Ended 31 Mareh 2024 (continued) Cover**nce costs Thev include the costs attributsblc to the ¢harity'5 compliance with con￿lIU(lonaI ITKI statutory requirernents. in¢lLtding audit. straiegic mana8em¢nt and trustees rned¥ngs Teimbursed expenses. T*i*tio The LhaTity 15 constdered to pass the tests sel out in Paragr8ph I Schedule 6 ofthe Finance Act 2010 and therefore li m¢cts the defjniiion of a charitable ¢ompany for UK ¢orF￿allOn puwposes. A¢¢ordingly. the harity is potenti?Ily exefflpt from taxation in re5pe¢t ofincome or capitsl gatns received within ¢aiegorics ¢overed by Chapi¢r 3 Part I l of the Corw)ration Tax Aci 2010 or Se¢Èton 256 of the Taxalion ofchhryeable G8ins Aa 1992. to th¢ ¢X*nt that such income or 88ins gre applied exclusively to chwrilablc purposes. T*nRlblt fil￿ #uets Individual fixed assets c051ing £250.￿ or are tnitiajly recorded ¥t ¢ost. Dtprett8tioD and #rnortis*¢io tkpreLiation is provided on tangible fixed so as io wviie otTthe cost or Valu￿]011. le55 any estimated residual value. over their eXp￿*d useful ¢¢onomic lift as follows.. AJset el• Portacabin Equipment Depreti•tlo* metbod aMd rAt¢ 12 years straight line l Y/• on reducing balance Currenl Amet InveJtm¢*ts Curtent ¥95¢t invtstm¢nts are inc1￿¢d at the lo1￿ of CO￿ and n¢t realisable value I mlrkd value. Trndt deblors Trade debtors we amLMmts thie fr(vn cusKrfn¢Ys fw mer￿￿lSe sold or servitts wformed in the ordinary ¢our5e ot'busints Trade dcbtors ar¢ r¢co8nised inilially ai thc transaaion price. They are subsequently me8sured at amortised cost using the eff¢¢tive interest mrfhod. less provision for impainr*ent. A provision for the impainnent of trgde deb￿r5 is esthblished whcn there 1$ objective evidence thai the charity will not be able to coll¢¢i all amounts due according to the original ivms of the rettivables. CAsh and cajb eq4iv*l¢nts Cash and ¢ash equival•its cornprise cth on hand and L¥ll deposits. and otF*r 5hort-iemi highly liquid invesknents that are readily convcrtible to a k￿w￿ amount of c&sh and are subject io an in$igniftcanl ri$k of change in vtlue. Pa8¢ 10 St Maryret's Nursery Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Trgd¢ eredlton are obligations ￿ pay for S￿)d$ or setvi¢cs have been acquired in the ordinary Course of business from $upplier5. Accounts payable are classified as curreni liabilities if the does not have an un¢ondiiional ri8ht. at the end of th¢ rep)rting peri(Ml. to d¢fer s¢nlem¢nt of the credi￿r for at le&st Thvelve moMh5 after th¢ r¢wrtin¥ date. If there is an uncondiiional right to defer settkMC￿ for at k&%t twelve nw)nths after the rep)rtiTr8 date. they are presentrd &s nonrfuttcnt liabilities. are reeogn15ed iniiially at the trthsaction wic¢ and subs¢qu¢nily me&sured ￿ anwiised cost ￿Ing the effective interest method. FuTrd 5trnctUTe Unrestricted income funds are 8enernl fun& thit are available ftr at the tru*eu diser¢tion in furtherance of the objectives of the ehrity. PeRslons •od other post retirnrn¢Trt obllt*tioD• The charity operaies a defined contribuiion pension 5¢heme whith ts o P￿$10￿ plan under which fixed ontributions paid in¢0 a pension fiwKI and the Charity has legal or construaiv¢ obl1￿110n io pay further ntributiL)ns ev¢n tf the fund does n(A hold sufficient &ss¢ts io pay all employtts the benefits relatin8 to employee service in the Curreni and wior periods. Contrib￿l¢)n$ to defined Contrib￿lon plans are n¥ognised in the Stst¢M¢￿ of Firw*ial A￿l¥ll1eS wh¢n they are due. If contribution payments exceed the contribution smfiC4 the excess is [t￿gniSed as a prepayment. Flth*thel*l iThstrnm¢Dts CloMiJl¢t¥iO Financial auets and financial liabilitie5 ar¢ rwn&*l when the ch￿lty be￿Me8 a party to the contractual provisions of the instrumeni. Fin8n¢i*l liabilities and equity instrum￿ts are cl8s5ifKd acc¥)rdin8 to the substhn¢¢ of the COntractu81 arran8em¢nts entered into. An ¢quity instrwneni is any c￿tra￿ ihat evidences a residual ini¢re￿ in the assets of th¢ charity after dedu¥iing all of its liabilitie Pagell Si Marggret's Nursery Nol¢s to the Financial SLgtements for the Year Ended 31 March 2024 {¢ontinued) All financial ￿Sets and liabilities are initi8]Iy Tn￿SUred ai tran￿¢ti￿ price (including transaction c05ts1. except for those financial assets classified &s at fair V￿￿¢ through profit or lo&s. Mthich are initially measured ai fair value Iwhich is nonnally the trarLWlJon eXcI￿lIng tyansa¢tion costs). unless the arrangement con$tiw*s a rinan¢ing trdll5action. If an arrangement Constitu￿ a financing transaction. th¢ financial &s5et or financial liability 15 measured at the prcscnt vajue of the fvDJrc payments diswtsn*d at a market rate of intcrc5t for 8 similar debt hn5trum¢nt. Finaneiol a$sets and liabilities are only otTset in staterneni of finarKial TM)Sition th. and only when ihere exisis & legally eftforcvable ri¥ht to set off th¢ rttogni%d amounts and the charity intends either to settle on nei basis. or to ￿11$¢ the hssct and settle the liability 5imulw¢ously. Fin8ncial ￿Sets 4r¢ derecognised when and only when a) the wjtractts￿ rights to the cash flows from th¢ financial asset expl￿ or are 5ettl¢d. b) the charity tTan$f¢rs io amther party sUb￿an11&]1Y all of ihe risks and rewards of ownership of the financial assec or c) the charity. thspii¢ ￿VIrtg rctwned s(xne. imjt not all. significant risks and rewards of OWTKrship. has transferred control of the Asset to another party. Financtal liabilitie5 are derecognised only wlyn the obligation 5pxifia in the ¢L￿traC1 is dis¢har8ed. ¢4￿ClIed or expires. 2 Rn¢ome from dollAilo•$ *•d ￿￿tIeS Umrtstrleied funds G¢n¢r*l Total 2024 Tot*1 2023 Lknnations aTrJ legacies. Donaiions Grnnts rteeivable 5,319 500 5.319 11,390 2,643 5.819 5.819 14.0_33 3 loeDme from ¢h•rl¢*ble leilvi￿￿ U*rtstrirt¢d Tot 2024 Total 2023 Gellernl Nursery income 147.041 147.041 126,403 4 Investment i4eorn VllrestYic¢ed ftt•d$ GeD¢r•l Tot*1 2024 Total 2023 Interest receivabl¢ ond 5imrlar trwme; Interest receivable on bank deposits 2.214 2.214 801 Pag¢ 12 St Margarel's Nursery Notes to the Financial Statements for the Year Ended 31 Mydrch 2024 (continued) 5 Expewditure ch*ritsble 4¢tiviti¢8 Ilnrestrlrled funds Ctner*l Tot*1 2024 Total 2011 Stsff ¢ostS Nursery materi?ls and sundries Trips 118.494 2.043 1.061 5.805 318 2.850 1.729 2.230 1.677 615 118.494 2.043 113.310 1,198 2.873 5.805 318 2.850 1.729 2.2.30 1.677 615 Sthff trairtin8 Property rtnt Insurance Repairs 8nd maint¢nan¢¢ Security Ploy equipmeni Telcphone Computer expenses Subscriplions and rryistratior Sundry expenses Advertising Bank char8es GovernHn¢e costs 155 2.850 14.528 2.368 508 998 2.859 427 541 572 3.268 457 480 301 -1.268 457 480 301 636 636 636 142,960 142.960 149.580 6 Olhtr txp¢Ddltwn Ullre5tri¢¢ed fund$ G¢ueral To¢al 2024 To¢*1 2023 tkpreciAlii)n. amortiwion and other sirnil8r wsts 8.029 8.029 6,107 8.0?9 8.029 6.107 Page 13 St Margaret's Nursery Notes to lhe Fingn¢i*l Statements for the Year Ended 31 Mar¢h 2024 {continued) 7 A•*lysb or￿vern#•C* *nd support costs GovtrnaDte costs Vwreslriei funds Gen¢r*l Tol*l 2024 Total 2023 Independent exATniner fees Examination of th¢ financial sth*ments 636 636 636 636 636 636 8 Net l•¢omloWo*rfolnt resourt¢s incomin￿(oth8O1ns) resources f(ff the ye4r I￿lUde.. 2024 2023 D¢prKiaiion of fixed Hs5eLs 8,029 6.107 9 Try$tees remufverntion exp¢• No trustees, nor any persons Conneaed with th. have received any rtmUr￿l10n from the charity during the 10 Stxff ¢oJlJ The awe8ate ￿Y1011 Costs were ts folkn￿. 2(J24 2023 Stsfleosts durlnt the yur wtr¢: Wa¥¢$ and 5alaric5 Pension costs 117.248 1.246 112,207 1.103 118.494 113.310 The monthly averag¢ number of per5Ms (in¢1￿11￿8 scnior rnana￿ I leadership t¢•m} employed by the ¢harity duTing the year expr¢$$￿ as full time equivalents was as follows.. 2fJ24 No 21123 No Avernge number of employees 13 No employee received emojuments of than £60,IM)) during the ye4r Pa8e 14 St Margarel's Nursery Notes to the Financi21 Statements for the Year Ended 31 March 2024 {continued) I I IDd¢p¢nd¢Dt ¢x•miD¢￿$ remwm¢r*¢io* 2024 2023 Examination of the financial sthttments 6.16 636 12 T•i*tio The charity 15 a r¢8i5ter¢d ¢h2rity and is thu¢fore exemo from thxation. 13 T*ttglble Ilxtd *Jsets Po￿¢#bO Eq•lpmtnt Tot•1 C¢)st At l April 2023 Additions 69.541 47245 2.447 71.988 47.245 At 31 Ma￿h 2024 116,786 2.447 119,233 D¢pr¢elatloN Ai l April 2023 Charg¢ for th¢ year 11.5 7.764 679 265 12.269 8.029 At 31 March 2024 19.354 944 20.298 Net book w*lut At 31 March 2024 97.432 1.503 98.935 Ai 31 March 2023 57.951 1.766 S9.719 14 Debtors 2024 2023 Trade debtor5 Prepaymen 90 1,995 1.615 .615 2.085 Page 15 St Mxrgarel's Nursery Notes to the Financial Ststcm¢Dts for the Year Ended 31 Mareb 2024 (CODtiDued) 15 Cr¢ditors: *n￿￿￿tS f*lliDg due within Ont ytar 2024 2023 Trade credilOTS Other ¢reditors A¢¢ruols 710 4.583 636 826 636 5.929 1.462 16 Penslon •Dd other scbern¢s DtfiHed toDlrib¥tlOD pemsion seheme The charity operdtcs a defined contribution ￿nsiOn Kh￿¢. The pe￿10n ¢osi ¢harge for ihe ye•r represent5 contributions t4yable by the charity ￿ the s¢heme and An￿Untrd ￿ £124612023- £1.103). 17 Fu•d* B•l*Mee #t I April 2023 Re￿•re*S exptmded Bil*nte #131 Mmrch 21124 Unr¢s¢ri¢¢ed fu•dJ Gcnernl 191.374 158.594 150.989 198.979 B*l•fjte *1 I April 2022 Reso¥re expethded Bsl4nce at 31 March 2023 r¢Joyr¢es Unmtrteted f￿ndS G¢neral 205.824 141.237 155.687 191.174 18 Analysis of lltt *wts b¢tweeTr fll4d$ IIDr¢strf¢ted Total fundJ gt JI M•rcb 2024 CtDer•l Tangible flxed &55ets Current ￿t$S Current liabilities 98.935 105.973 {5.929 105.973 5,929 Totsl n¢t awts 198.979 198,979 Page 16 St Margaret'5 Nursery Notes to the Financial St*t¢ments for the Year F.nded 31 Mar¢h 2024 (continued) Unrutriried funds Ge•¢r•l Tot81 fuThds *1 31 M•reh 2023 Tangible fixed &55ets Current assets Curreni liabiliti¢s 59.719 133.117 11.4621 59,719 11,462 Tothl nei assds 191.374 191,174 Pa8¢ 17