Chanty registratl¢)n number.. 1194058 ST MARGARET'S NURSERY TRUSTEES. REPORT AND UNAUDITED FZ14At4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 l)artered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge, Folkestone Kent cr18 TfQ st Maryaret's Nursery Contents Reference ant1 Administrative Det￿"1S Trustees. Report Independent Examlntrs Rep)rt Statemènt of Finandal Acttvltles Statement of Flnanclèl PosTrtion Notes to the Financial Statements 10-16 St Margaret's Nursery Reference and Adminlstrative Details For The Year Ended 31 March 2025 Ms D Rrchardson (appty'nted 1811112024) Ms C Perry Ms V Lourenco Ms l Dvnigan Ms X Harper Ms L Wlllls (resigned 18111120241 Ms N Gladstone lapwintetl 151081202S} Ch•rlty Ilumhr 1194058 Prlndpal Addru• Sea Street St Maryareis-Ot-Olffe Dover Kent CT15 6SS Bu¥ln• Sea Street St Maryorets-at-olffe Dover Kent CTIS 6SS Ind•p¢nd•nt Ex•mln•r Daniel Poyne FCCA 8eresford5 Chartered Certlfled Accountsnts 1-2 Rhodlum Polnt Splndle Close Hawklnge, Folke5tone Kent cr18 Page I St Maryaret's Nursery Trustees, Report For The Year Ended 31 Marth 2025 The trustees present thwr report and the finawal statements for the year enderj 31 March 2025. ObJ¢rtlves ond Actl¥ltles Alm* •nd ObJectl¥ The charity's purpose, as set out in its governing docurrtht Model Constththn for Chiklcare Provi¢kn¥ 2013, is to provlde high-quality eady year5 education and care for chlldren aged 2 to 4 years. The charity exists to advènee the etlu¢ation and development ol young children In a safe. nurturings and stimulatlng envlrtsnment, in Jc¢ordènce with the &irly Year5 F￿ndatIOn Stage IEYFSI fvamework. SlgnlNcant A¢tlTNItI•* Durlng the year, the charity operated a rerm-time nursery school, providi09 ￿rI¥ years education and care for thildren aged 2 to 4 years. The settlng is registered with O(5ted and adhere5 to the EYFS statutory framework. ensuring that all chlltlren have access to quallty learnlng and developmental opPty￿nltie5. The nursery ¢5 staffel by a team of 10 profeSs￿nal5. who support children through a rnnge of a9e-approprt)te. ploy-based leamin9 Jrtivities. locusing on personal, social, emotional. physlul. and co9nitlve development. The servlces provided are open to all iamllles in the local community, and fees ore Structu￿ to ￿m81n accesslble. Where posslble, government fundlng for eligible 2. 3 and 4-year-d¢s Is at￿pted to support Induslve access to earty education. The ch)rlty's income and expenditure, ès set out in the accounts, relate diredy to the dellvery of this servlce, ltr)cluding staff salarte5. premlses costs, educational rewjrces. Jnd compliance wlth regulatory wuirernents. Publlc 8•n•fft The tnJstees eAsure that the nvr5ery contlnues to provide a tlear publk t*nefit by offerin9 earty years educatlon and care that prnmotes chlltlren s wellbeing and development, while rernoinlng ac￿￿ble Eo the local communlty- The trustees confirm that they ttave c¢)mplled with the requlrements of SecUor¢ 17 of the Charltles Act 2011 to have due rtgard to the Cha￿ty Commlssbns guldance on publlc beneftt. Contrlbutlofi M•d• Oy Voluibt•• The chanty benehts gwtly from the time and cornmltment ol Its Y￿UnteerS. who play a vltsl role kn SLtpportln9 the nursery's operations and enhanclng the experferKe of the children In our ure. Our board ol trustees ¢onslSt5 entirely of volunteers Iwlth the exception of the nvrseyy maTrtrgerl. who provide 90vernon￿, strateglc overnight, an*J practlcal support. In addilion to fvlfillin9 their statutw responslbil*ties, trustees are actively Involved In or9anlsin9 and runn*ng fundraising events that help support the financial sustalnabllity of the setting. We are also grateful to members of tht communty who vdunteer tr￿1r tsme to read wlth the thildren, endching their earfy literacy eXperten￿$ and tssterin9 a love ol books. Other volunteer5 ass15t by drmng the mirtibus for nursery outlThgs and trlps, enabllng chlldren to partlclpate In valuable learnlng experlences beyond the nu￿ery envlronment. The chority recognlses and ¢Jeeply appreciates the cothbutim of all its volunteers. whose efforts have a meanlngfvl Impart on both the day-to-day runnibw of the nursery and the o¥er•M quallty ol the children's eat1y ed￿￿￿on. Achl•v•m•nts and P•rfornianr* Maln A¢hl•v•m•nts Durlng the year, the charity succe5sfvlly ddlvered hi9h-4uality earty years educatyon and care to chlldren aged 2 tts 4 years, in Ilne with the EYFS frdmev40rk and Ofsted reqU1￿Ments. OperatiThJ on a temi-time basis, the nursery pr()vided a safe, nurturing. and stimulating environment Whe￿ child￿￿ ctyjhl deveh)p soclally. emotionally. physlcally. and cognitively In preparation for their trdnwtion to primary scho￿. One of the key aChI￿eMents this year was rnaintainlng a stafAe. well-qvalified stsif team who delivered conslstent care and learnlng tallored to the Intllvidual need5 of each child. ChIld￿n made good progress across all area5 of development, with particular emphasSs on communieatlon and language. personal and SLKial 5ki115. and early Itteracv. The nursery also.. Supported chlldren from a diverse range of backgrounts. promoting trKluslon and equal acce55 to eady education. -.CONTINUED Ptye2 st Margaret's Nursery Trustees. Report (continued) For The Year Ended 31 March 2025 M•in AchI￿•Ments- ¢Mtlnuod A£￿pted funded plaw for eligible 2. 3. and 4-year-old5. helpiThJ to red￿e barfern to chlldcare for local famllies and 5UPPOrting parental empk)yment and wellbelng. Facilitated enrithing experieiKes such as outings and vis*ts (made possfble by volunteer rninibus Llrlversl, which broadened the Child￿n.5 hcwizons and linked leaming to the wider wortd. Welcomed u¥mmunlty vdunteew5 to read the thildren. further enhancing their L4nguage and soc￿1 development. The fundrni5iThg efforts led by the volunteer trustees allowed the nu￿ery to Invest in new resources and eouipmeTht, ImprovSn9 the leaming environment wrthout p14xing ad¢Jitional finanoal pressure on families. Through Its work, the chanty has not only supported the develop1r￿nt and wellb•'n9 of its direct beneficlaries - the chlldren but ha$ also made o broader contribution to society by supporting famllles, tnèbling parents to work or study, and fostering community Involvement through volunteering and en9agement. Achl•¥•m•*ts Ag•On•t ObJ¢ctl¥e• Srt Duilng the year, St Margaret's Nursery ¢(x)tinued to work towards Its core objettives of provkllng hl9h-quallty, affordjble earfy years edLSCation and care to child￿￿ aged 12 months to S years, In a safe, Indusive. and sumulatlng environment. The follo%Yin9 key achievements reflett progress made against rhese oblertive5.' Malntained high standards of Ca￿ and educatlon. In Ilne wlth the Early Year5 Founda￿0￿ Stage {EYFSI framework, supportlng chSldren's development ocr055 all areas of leamlng and preparlng them lor transthn to school. Dellvered funded plKes lor eli9ible 2-, 3- and 4-year-old$. hdpin9 to Increase ac￿ to earfy educ•tion for famllles In thi local tommunlty and reiluce financial barrlers to chltdcare. Promoted earty Ilteracy and communicatlon, through regular story sessknn$, phonlts artlvltfjes, and support from cornmunity volunteer5 who came In to with the thildren. Enhanced the leaming envlronmen¢. investin9 tn nEw reS0w￿ and equlpment tt* sUP￿rt ptJy-based learnlngs funded In part by 5uccessfvl communlty fvndralsing events suth 4$ a Jumble S•le, Bake Off and Qulz Nlght. Provided ennchlng experiences beyond the da55room. Indudlng outings SUp￿rted by volunteer minlbu5 drlver5, offerlng chlldren opportunltles to explore their wlder commun6ty and enga9e in new leaming contexts. Supported children's emotlonal wellbelng and sodal dèvelowv￿t. wtth staff tralned In nurturfng and Indu51v* prnctkes to meet the diverse needs ol all children. strengehened governance and oversight, wlth irustees acllvety Intlolved In both strntegk plbnnlr*g and communlty engagement, 5UPPOrted by Kent County Coundlts Trustees on Trad¢ pro9ramme. The trustees are sat15fled that these achievements reflect strry pro9rw toward the chJrity's oblectlve$ and continue to beneflt both the chlldren and famllles who a¢cess the nursery. as well as the wlder communitv. Flnancl•l R•vl•w FlnJncl•l Po•ltlon At the end of the hnanclal year, St Maryarets Nvr5ery reported total fvThl$ carrled forward of £196,442. compared to £198.980 In the prevlous year. Total Income for the year was E170.815, an intre05e from £158.594 In 2024. Thls growth was prfmar(ly due to an increase in Incorne from charfjtable attivltles (rising Irom £147.041 to £159,258) and the intr¥>duction of income trom other tradlng activitSes I£5,0741. as well as a higher retym on investments. Totsl expenditvre for the year ¥rfas £173.353. up from É150.988 the prevlous year. This increase reflects rislThJ operational costs. Including stoffivbgi premtses, and resources requi￿ to maintsin high*uality eat1y years provision. The tharlty recordeij a net expendlture of £2.538. resultithg in a modest reductlon In overall re5eryes. The twstees ¢onslder this to be a satisfactory ovtcome in the context of rising Costs and continued Investment in nursery Services and resources. The financial position remains 5tsble. wrth healthy Un￿$t￿tted re5erve5 of £196.442 available to support the nurserys ongoing work. Tru5tee5 Continue to monitor finances dosely to ensure sustainability and value for rnoney. whlle exploring addltlonal Income oppDrtunitse5 such as fundraising aThJ grnnt application5. ..CONTINVED Page 3 St Maryaret's Nursery Tn•stee5' Report (continued) For The Year Ended 31 March 2025 Fin•ficO•l Posltlon- contlnued Amount of Aes•rv•s Held As of 31 March 2025, St Margaret's Nursery held total unrestricte(I reseThes of £196,442. Thls Includes E89,233 invested in fixed o55ets 5uth as eqvipment and furnishings essential for nursery operations. The remalnln9 EL07,209 represents free reserves, held as liquid assets avaIlab￿ to support the charltys ongoing runnin9 costs, Including staff salaries. premises, and other day-to-day expenses. The rrustees tonsider this level of free Yeserves approwiate to en$￿￿ the nursery¥ finandal stablllty and to meet unforeseen costs or fluctuatlons In income. R•s•rv•s Poll¢v The trustees have estsbllshed a reserves pollcy to en$￿￿ the finandal stability and sustalnabllity of St Maryarevs Nurseryi and to protect the cha￿ty against unexpected fluctuation5 in income or expendibjre. As of 31 Ma￿h 2025, the charity held totsl unrestricted reseryes of £196.442. comprlsing both fixed and cuftent assets. A portlon of these reserves is invested In tanglble fixed assets le.g. Lyu*ment, lumishings. and re$01$￿ e$sentiol for dellverln9 earfy year5 education). valued at E69.233. The trustees aim to m8inraln a level of free reserves11.e. unrestricted funds not tied up in fixed ossetsl sufflclent to cover approximately th￿ to six rnonths ol core operatk)nal costs, induding staff wages, rent, and utslitie5. As at year-end, net current as$ets st¢od at £107.209. whbth the trustees eon51der an approprtjte level ol free reserves for the slze and nature of the eharfty's operations. In addltlon, the trustees reco9nlse the imptytsrKe of planning for capltsl ￿plaCeMent. A5 equlprnent, furnlshin9s, and other physical assets age or become obsolere, the nuvsery wsll need to Invest in suitable rephxements ¢0 ensu￿ it continues to meet regulatory requlrements and dellver high-quality care and educath)n. Port of the reserves is therefore held to fund future capital needs wlthout placing stroin on day-to-day operations. The reserves posltlon Is reviewed annuallyi tsklng Into account the nursery s Opera￿n9 budget, ftnanclal rfsk5. ond strateglc prforlties. The trustees ￿Main committed to uslng the th)ritys fvnds res￿n￿blY and effertively4 while 5afeguardlng Its long-term Sustslnablllty. Golng Con¢•rn The trustees have assessed the charfty¥ obillty to contlnue as a goln9 Ccrtern. tsklng Into account its current fln•nc141 posltlon. Sncorne streams, and ftrture outkjok. A5 of 31 March 2025, St Mar9aret5 Nursery holds suffioent untestntted re5er¥es and malntsins a stable flnancSal posltion to support Its ongoing operations for the foreseeable fvttsre. However, the tnjstees recognSse the￿ are ongolng challenges nd uncertalntles Impatting the early Yea￿ sector nationallyi which tt•uSd affect the tharltys fiftancial sltstalnablllty. Nurserie5 across the UK face severnl difficultles. Includir￿ rlslng opernbonal costs (such as sNqff wages, rent, utilltles, and regulatory eompllancel, recrultment and retentlon of Qualified stsff. and pressures on fet Income due to IncreasSng Cost or Ilvlng for fèmllles. Additionalty, thanges lim6taiior6 In governmert fundlng and earty year5 e￿￿tlement schemes add further financial uncertalnty. These factors Contribyte to a thallenging fInand￿ envlronment ior srnall childcare provldern like St Margoret's Nursery. The trustees continue to monitor these dsks dosely. manage tsjdgets prudently. and explofe additional funding and fundralsin9 opportunities to mitigate potential adverse Impacts. On this t)asi$, the trustees are 5ati5fied that the charlty remalns a contem and has adequate resources to contlnue its tharitatsle activliies for at least the next 12 months. Prln¢lp•l Sour¢• of Fund• The prtne1￿1 sourres of in¢on* for St Maryarevs Nursery are lees receNed from parents and guarylians for earty years education afid care services provided to children aged 18 monihs to 4 years. The charity also weives government fundlng for eligible 2, 3, and 4-year-old5. helping to ensure access for familie5 within the local community. In addltlon to these core Income streams. Ihe chanty undertakes regular fundrnising actwities to support its work and iTnprove resources for the childven. Fundraising events during the year have included a Jumble Sale. Bake Off, and Qulz Ni9ht. all organised by volunteers albd trustees. These events not only raise valvable funds but also foster comrnunity engagement and support. The trnstees contlnue to explore ￿rther lundralsing and grant OPF*Ntunths to Lmhantr the dwdtys flnantial sustalnability and capacity to deliver high-qualtty early yeaFS eLlucation. Page 4 st Maryaret's Nursery Trustees, Report (continued) For The Year Ended 31 March 2025 structu￿ Go¥ern•n¢e •nd Manag•mÈrt Go¥•rnln9 Document The tha￿ty 15 a Charitable Incorporated ctrgan15ation - Assocwon Yeglstered on Aprll 2021 anL1 Is governed by a Model Constltufion for Childcare Provldets 2013. Trust•• Selertlon Method• rru5tees a￿ elerteLI ai the charity's Annual General Meeting (AGMI, in accordance the procedures set out In the chority's govemlng document. the Model Constituti¢M for Childcare Providers 2013. All prospertSve trustee5 must also be approved by Iysted. In Ilne wlth regulatory reqUI￿rne￿5 for chlldcare pmvlders. Th15 ncludes meeting 5uitsbility checks as part of the OT*d regtstrdtlon proce$5. The constltution does not provlde for any int1i7ldual or external body to appolnt Irv5tees diredy.. all twstees a￿ elected by the mernber5 of the charity. The ly)ard re•ularty re¥￿￿$ its compositson to ensure it maintstns the necessary skills ond experience to govem effertlvely. Poll¢l•• •nd Proc•durn• Adopt•d for the Jtydtsctlon •nd Trnlnlw ol Tw•ttt• New trustees receive a struCtU￿d Induttion to help them understsnd the charity s govemance, obJectlve$, and operatlons. This ineludes access to the govemlng document, recent fi￿n0a1 ststements. key policie5, and an overvlew of the nvr5ery5 oblloatlons under the Early Years Foundation Stage IEYFSI framework and Otsted ￿gulatIOnS. As part of the Inductlon proce￿, all trustees are requlred to sign a Code ol Conduct. o Confidentiallty Agreement. and Conflict-of-Interest Wlcy. en$u￿n9 that Ihey uthjertand •nd cwnmlt to the re5Ptffi5bbllltles and eth1￿1 stsndord5 expected of them in thelr role. Trustee development and governance Is fvrther supported thmugh Trustees on Trnd(, a monltoring and support programme provlded by Kent County Councll. TNS service help5 trnstees stsy InfOrn￿ of le9al dubes. re9uI)tory updates, and best practSces In chanty govemance. Trnstees are also encouraged ro attent1 relevont external trnlnlng sess10￿ and w¢)rkshops to rnalntaln and enhance thelr knowledge. ensurlng effective oversi9ht of the chartty's actlv6tles. Th• Ch•rlty'• Org•nlMtlon•l Structure •nd •ny Wld•v M•tworf¢ wlth whld¥ the Charlty wo￿• st Margaret's NU￿ery is a Charitsble Incorpornied Organisatw (Cio) governed by a board of trustees. The trustees are respon$lble for Ihe overèll governance. strateglc dlrertion, and finandal oversight of the charity. The nursery 1$ managed on a day-to-day basls by the Nursery Manager. who oversees stafflng, cuthcul(bm dellvery, safeguaralng, and compliance wlth statutory requirements. The mana9er ￿NIrts directly to the board ol trustees, who meet regUla￿Y to review performance and make key dea5￿n$. The charity does not operate subcommittees. There Is a clear divlsknn between 9ovemance and operatlonal responsltsilltles. St Margaret's Nursery viorks dosely with Kent County Counctl and The Edvcètion People, who provlde support, trainino, and quallty assurance for early year5 provlsion. The charlty Is also actlvety Involve¢J with 9overnment agencles Includlng 50clal seFvices, child proteeti¢)n teams. health v￿ltOrs. and other pro[￿b)￿lS ￿ ensure the welfare and safeguarding of children nd famllles. The nursery Is registere(I v4ith ènd Insperted by of5ted. operatiThJ in fvm compliance with the Earty Years Founda￿On Stage IEYFSI statutory framèwork. In addklon, the charfty Is a member of the Earfy Year5 ￿lIanCe. through whlch It a(tesse$ 9uldance, resources. and sector updates to support best practice in earfy year5 ed￿at50n and governan￿. Other Intorm•tlon Relatlott•hlp• ¥AQh •ny R•l•t•d P•rtl•• One of the trustees also serves as the Nursery Manager and is employed by the in that capxity. ThSs dual role Is pe¥mltted under the Charityts goveming document (Model Constitution for Chikknre Providers 20131 and ha5 been managed n accordance with Charity Covnmission guldance on trustee benefits. The trustee receives a salary for their role as Nursery Manager, is Set and y￿ewed by the of tTUStee5 (excluding the Individual concemed) to ensure transpareory and fairness. The charity maintains a register of Interests. and any potenial t¢)nflicts of interest are managed IA line with the Conlllrt-of- Interest Policy. dge5 St Margaret's Nursery Trustees. Report (continued) For The Year Ended 31 March 2025 Statement of Tru5tees' ResponslbOll¢les The trurtees a￿ responslble for preparing the Trvstees. Report and the financial ststements in accordance with applicable law ènd Unite(J Kingdom Accounting Standard5 (United Kingdorn Generalty Accepte(l Ac£ounting Prattlcel. The law applicable to charlues in England Wales requires the trnstees to prepare finanuol statements for eath financial year which give a true and fair view of the State of affairs of the charity and of the incorning ￿sourceS and application of resource5 of the charity for that perbod. In preparin9 the financwl Str￿ments the tnjstees are requi￿ to.. • select suitable accouniing policie5 and then appty them crmsistentty.. observe the methods afid prtnaples in the Cha￿ty SORP.. • make Jut19ments ènd accouTrting estimates that a￿ reasonable and prudent. and prepare the finonclol statements on the going c4)rtem basis unless It ts inJppropriate to presume that the tharlty wlll continue in bus¢ness. The trustee5 ore responslble for keeping adequate arcounting records whkh dlsdi)se with reasonable accurncy ar anytlme the IINancial p051tlon of the charlty and to enable them to ensure that the accounts c¢ynply the chafi￿es Att 2011, the Charity (Accounts and Reports) Re9ulations 2008 and the provisions of the trust ¢Jeed. They are also ￿sponsible for safeguarding the assets of the tharity and hence for taking reasonable step5 for the p￿ents0￿ and detettion of fraud and other Irregularttle5. The trustees are r￿pOnsIble lor the maintenantt and Integrity of the corpotate and financial informatlon Included tsn the charlty's webslte. Leglslation In rhe Unlted Klngdom governlng the p￿pa￿tion and d155emlnatlon of finanelal statements rnay dSffer Irom te9lslatioD In other Jurlsdlctlons. The trustee$. report was approved by the board of trustees and slgned on ts behall by: Ms K Harper Trustee Date Page 6 st Maryaret'5 Nursery Independent Examiner's Report to the Trustees of St Maryaret's Nursery For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of st Maryjaret's Nursery (the TnJstl for the year ended 31 March 2025. Respomlbllftles and B••l• ol R•port As the charity trustees of the Trust a￿ responsible for the preparntlon of the act￿ts in accwdance wlth the requ1￿Ments of the Cha￿tIeS Art 2011 fihe P£tl. I ￿pOrt In respect of my examlnation of the Trusys accounts carrfed under sertion 145 of the 2011 Act and In carrylng out my examinat￿n. I have followed the applioble tN"rections given by the Charity Commission under sertion 14SISllbl of the Act. Ind•p•nd•nt Ex•mln•es Stat•ffl•nt I have completed my examinatbon. I confirm that no material matters have Come to attents.on In connectknn with the e¥amination giving me catsse to belleve that ID any Material respert: l. accountlng records were not Irept In respect of the Trust as rewlred by Sect￿ 130 of the Act,. or 2. the accounts do mot accord with those records.. or I the accounts ijo not comply with the appliuble requlrements concernlrwj the form and contents of accounts set out In the Charlties (Accounts and Itep)rtsl Regulations 2008 other than any requI￿rnerst that the accounts glve a 'true and falr vlew, whlch Is not a matter Conside￿ as of an independent examinatK)n. I have no concerns and have come across no otlw marters in c¢)nnection wtth the examinatK)n to whlth attentlon should be rawn In thls report in order to enable a pmper understanding ¢rf the accounts to be reached. Danlel Payne FCCA Date Beresford5 Chartered Certifled Account4nts 1-2 Rhodlum Polnt Splndle Close Hawklnge. Folkestone Kent cr18 Page 7 St Maryaret's Nursery Statement of Flnancial Activities For The Year Ended 31 March 2025 2025 Unr•strict•d R•strlct•d Total Vnr¢strlrt•d fundB fvnds funds 2024 INCOME AND ENDOWMEVnS FROM: Donation5 and legacies Charltable aCDvities'. St Margaret's Nursery Other tradlng actlvllles Investrnents 512 1.189 1,701 5,819 159.258 5,074 2,843 1.939 159,258 5,074 2.843 1,939 147,041 2,214 3.520 other 169.626 1,189 170,81S 158.594 EXPENorruRE ON: Charitable activities.. 5t marga￿t'S Nursery 1172.1641 11.1891 1173,3531 1150,9881 NET (EXPENDITVRE)/IIICOMe 12.5381 (2,5381 7,606 NET MoveMeNT IN FVNDS RECONCILIAT1014 OF FUNDS: Totsl funds bmyght for4¥ard (2,5381 {2,5381 7.606 198.980 198,980 191,374 TOTAL PUMDS CARRIED FORWARO 19 196,442 196,442 198,980 The notes on pages 10 to 16 form part of these firkindal ststements. Page 8 St Maryaret's Nursery statement of Financlal Position As At 31 March 2025 2025 2024 ilnr•strirt•d R•StrIct￿ Tot•1 funds funds Tot•1 funds FIXED ASSETS Tangible Assets 14 89.233 89,233 98,935 89.233 89,233 98,935 CURRENT ASSETS Debtors Cash at bank and sn hand 3.824 111,905 3,824 111.905 1,614 104,356 115.729 115.729 105.972 Cr•dlt¢irn: Amounts Falllng Due Wlthln On• Y•w 16 18,520) 18,520) 15,927) NET CURREP4T ASSÈTS (LIABILMES) 107,209 107.209 100.045 TOTAL ASSETS LESS CLIRRE14T LfABILfTXES 196,442 196.442 198.980 NET ASSETS 196,442 196,442 198.980 FUNDS OF THE CHAiirrY Un￿$t￿<(ed Funds 196,442 198,980 TOTAL FUNDS 19 196,442 198,980 On behalf ol the board MSJD nlgan Ms K Harper Ms N Gladstone Trustee Trustee The notes on pages 10 to 16 fonn part of these flnan¢Y4I ststements. dge9 St Maryaret's Nursery Notes to the Financial Statements For The Year Ertded 31 March 2025 l. General Znforfflatlon St Margaret's NU￿ery is a charltable Incorporated oryanisotlon registered wilh the Charity Comm15sfon. reg15tere(I chadty number I1940￿. The prinopal address is Sea street. St Maryarets-at-aiffe. l)over. Kent. cr15 6SS. 2. Accountong Pollcl•s 2.1. Ba•1¥ of PveparntioTh of Flnandol Statw The financial staternents have been prepared in accordance wlth the Charities SORP IFAS 1021 "Accountlng and Reporting by Chanties.. Statement of Recornmended Prartice applicable to charities preparing their accounts In accordance wlth the Financial Reporting Slandord applicable in the UK and Republic of Ireland IFRS 1021 {effective I January 20191" Financial Reporting Standard 102 Tre ￿nandal Re￿rtifi9 Standard applicable in the VK aftd Republic of Ireland" and the Charities Act 2011. The ¢har4ty is a Public Benefrt Enoty as dehned by FRS 102. 2.2. f•olng Co•¢wn Dls¢lowr• The trustees have not identified any matefial uncertainties related to events or uffiditfjons that may cast slgnlficant doubt abour rhe cha￿ty,$ abllity to contlnue as a golng concern. 2.3. Incomlng Re￿￿1¢•• G¢n¢tr•l Voluntary Income Includlng donatlons. glfts. legades and grnnts that provlde core fundlng or are of a general nature Is rewgniseo when the charity has ent4tlement to the Income. It Is probable that the Income wlll be received and the movni can be measured with suffloent rellability- Nursery fees a￿ recognSsed lor the perfjod tlw reljte t l)on•tlon• and Donatlons and le9ocies are recognlsed on a re¢•lvable when rtcdpt Is probable and the amount can be rellobly measured. Gr•nts R•c•l¥•b Grants are recognlstd when the tharity hos an entiuement to the fund$ and any Condit￿n5 linked to the 9rnnts have been met. Where performance condf(ions are aitathed to the gr•nt and a￿ yet to be met. the Incomt Is reco9nisel as liablllty and Included on the balarKe sheet •$ deferred income tts be released. 2.4. Exp•nd•d G•n•r•l All expendllure Is recognised once there is a legal or constnKti¥e obligatson to that expendlture, it Is probable settlement Is requlred and the amount can be measured reliably. costs are allocated to the appllcable expendlture headlng that ag9regate simSlar costs to that ¢ate90ry. Where cosrs cannot be direthy attritsuted tr) particular headlngs they have been allocated on a bass Consistent with the use of resources. wlth central stsff costs allocated on the basis of tlme spent, and dep￿latIOn tharyes al￿ted on the pvrioft of the ￿set'S use. l)ther support costs are alllxated based on the spread of staff costs. Ch•rlt•bl• Actlvltl•s Charltable expenditure comprises those costs inojrred by the d￿rity in the ddivery of its activlfles and servlces for Its beneficlarles. It Includes both costs that can be ￿lOcated dIre￿V to suth activities and those costs of an indlrett nature necessary to support them. Gov•rn*n¢• Co•t• These include the costs attritiutable to the charttys compllance with constitutlonal and statutory requlrements, including independent examination. strategic mar￿erneTrt and truslees ￿Tr95 and reimbursed expenses. 2.5. T•nglble Flx•d AsMts •nd D•pv•d*tlon Tanglble fixed assets are meagbred at cost less actumulated depreciatlon and any accumulated impairment losses. Depreclatlon is provided at rates cokulated to wvite off the cost of the fixed assets. less thelr estimated residual value, over thelr expected useful lives on the following bèses.. F￿ehol Computer Equipment 12 years strnight line 1586 on reduong balarKe Page 10 st Maryaret's Nursery Notes to the Financial Statements {contlnued) For The Year Ended 31 March 2025 2.6. Cash and Cash Equlvahnts Cash cash equivalents are basic finanthl assets and IndL#le cash In hand and deposts held at call with banks, other short-terni highly liquid investments that mature in no more than th￿ months from the date of acquisition and are readily convettstyje to a kn¢)wn amount of cash ¥iith insignificartt risk of thange in value. and bank overdrafts. 2.7. Taxatlon The charity Is exempt from tax as all 6ts Income Is tharltable and appbed for cha￿tab￿ purposes. 2.8. P•ndo The chanty operates a deflned perbslon conrribution xheme. Contributiofts a￿ char9ed to the Statement of Financlal Artivlties as they become payable tn accortance with the wules of the sch￿. 2.9. fjovemment Gr•nt Govemrnent grants are recognlsed In the 5t•ternent of flnandal arti7Atyes In an appropriate manner that matches them wlth the expeThdldtre towards whlch they are Intended to ci)ntrlbute. Gt3nts foi Immedlate financlal support or to cover costs already Incur￿ a￿ recognised immediately In the statement of financial artltritles. Grants towards genernl artivlties ol the ehtity over è speofit period are recognlsed in the statement of financial ￿tivItieS over that period. Grants towards f¢xed assets are recognisell over the experted useful Ilves ol the related assets and are treated as deferred Income and released to the statement of flnancial actlvitles over the useful Ilfe of the a￿et concerned. All grants In the statement of finarthl activltles are recognlsed when all condition$ for recelpt have been complled wlth. 3. In¢om• fvom l)on•Uon• •nd L•g•¢1 202S 2024 Tot•1 fvn tynd• fund* Donatlons and gllts Grants 512 512 1,189 5,319 500 1.189 512 1,189 1,701 5,819 4. In¢•me from Other Trndlng Aftlyltl 202S 2024 Ufvr•strlct•d Totsl funda fvnds Fundralslng events 5,074 5. In¥•Jtment Xncom• 2025 2024 Tot•1 fund* fuftds Bonk Interest receivable 2,843 2,214 Page 11 st Maryaret's Nursery Notes to the Financial Statements {contlnued) For The Year Ended 31 March 2025 6. Other Income 2025 2024 Unrestr•ct•d Tot•1 funds f¥nd¥ Other income 1.939 3,520 7. Gov•rnment Grant• Government grants recognised in the accounts were as follow5: 2025 2924 Dover Distrttt Coun¢ll St MargareV5 at Cllffe Parfsh Covndl 439 750 1,189 8. M•t Incom•l{Exp•ndltur•) The net lexpendlturellintome is staled after charyln9llcredltry): 2025 2024 Deprecljtlon of tanglble f4xed assets - owned 9,982 8.029 9. An•1y￿S of Exp•ndltur• 2025 Aellvltle• n4•rt•k•n dlr•cQty (see note 10) Suppvrt Tol•1 st Maryaret's Nursery 10,540 162.813 173.353 2Q24 nd•rtak•n dSr•ctly (see note 101 Totsl St Margoret's Nursery 8,908 142,080 150,988 Page 12 St Maryaret's Nursery Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Svpport Costs 2025 st Nurmry Employee costs Premises expenses General administration OeprecSatlon Govemance costs 137.406 6,216 8,549 9,982 660 162,813 2024 M•rgar•t' Nurxery Employee costs Premlses expenses Genernl admlnlstration Dep￿cIatI9Th Governance costs 118,812 4,527 10,076 8,029 636 142,080 IL. Ind•p•nd•nt E¥amlnerf• R•ffluMr•ll¢ 2025 2024 rndependent txamlnatlm ol the ftnanclal ststements 660 636 Staff costs were as lollows.. 2025 2024 Wage5 and salarie5 Soclal Sec￿rfty costs Other pension costs 132.714 1,329 1,834 117.248 1,246 135,877 118.494 140 employees recelved employee benefits lextlutllng employer pension costs) for the reportiThJ period of more than E60,000. 13. Aver•ge Number of Employ•es Average number of employees dvrlng the year wa5: 12 12024- 13) Page 13 St Maryaret'5 Nursery Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 14. Tanglbl• Ass•ts L•thd & Propertv Freehold Computer Equlpment Total Cost As at l Aprll 2024 Additions 116.786 2,447 280 119.233 280 As at 31 March 2025 116,786 2,727 119,513 D•pr•¢l•ii•n As at l Apnl 2024 Provlded ¢udng the perfod 19,354 9.732 944 250 20,298 9.982 As at 31 March 2025 29.086 1,194 30,280 N•t Book Valu• As at 31 March 2025 87,700 1,533 89.233 As Jt l Aprtl 2024 97,432 1,503 98,935 15. D•btor• 2025 2024 Du* wlthln y••r Other debtors J,824 1.614 16. Cr•dltor•: Amounts V•lllng Du• WIthOn On• Y••r 2025 2024 Trale cre