**REGISTERED COMPANY NUMBER: CE025683 (England and Wales) REGISTERED CHARITY NUMBER: 1194724**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JANUARY 2024**
## **FOR**
## **JUMPING BEANS NURSERY CIO**
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
**JUMPING BEANS NURSERY CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JANUARY 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 9|
|**Detailed Statement of Financial Activities**|10 to 11|
**JUMPING BEANS NURSERY CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 JANUARY 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 1 January 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives of the Charity**
Jumping Beans nursery aims to improve the social, emotional, and intellectual education and development of children under statutory school age, by providing high quality care and learning opportunities through both stimulating play and structured activities.
To work in partnership with parents/carers; offering flexibility, encouragement, and promoting and increasing their understanding of their children's educational needs through regular communication and community groups.
We aim to offer family learning, and the encouragement of parents to take responsibility for, and to become involved in, the activities of the preschool groups, ensuring that such groups offer opportunities.
## **FINANCIAL REVIEW**
## **Reserves policy**
Jumping Beans aims to maintain reserves consisting of:
i. reserves to meet redundancy liabilities;
ii. general contingency reserves equal to one term's (i.e. a sixth of annual) total expenditure, excluding maintenance and depreciation
The Trustee's believes that this level of reserves is prudent and necessary to ensure that Jumping Beans can run efficiently and meet future needs.
Jumping Beans has no restricted funds, and therefore essentially all cash balances can be considered to be part of reserves.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE025683 (England and Wales)
## **Registered Charity number**
1194724
## **Registered office**
C/O Parkland Infant School Brassey Avenue Eastbourne East Sussex BN22 9QJ
## **Trustees**
C Teague (resigned 27.9.23) M Hocking S Cripps H Willson S Plaster
Page 1
**JUMPING BEANS NURSERY CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 JANUARY 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Peter D Hill FCA On Behalf Of Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. M Hocking - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUMPING BEANS NURSERY CIO**
## **Independent examiner's report to the trustees of Jumping Beans Nursery CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 1 January 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of On Behalf Of which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Peter D Hill FCA On Behalf Of Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
13 August 2024
Page 3
**JUMPING BEANS NURSERY CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JANUARY 2024**
|**2024**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**99,142**
**Charitable activities**
Charitable activities
**186,958**
Other trading activities
2
**187**
Investment income
3
**3**
**Total**
**286,290**
**EXPENDITURE ON**
Raising funds
**8,248**
**Charitable activities**
Charitable activities
**215,731**
**Total**
**223,979**
**NET INCOME/(EXPENDITURE)**
**62,311**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**(732)**
**TOTAL FUNDS CARRIED FORWARD**
**61,579**|2023
Total
funds
£
18
501
-
-
519
-
1,251
1,251
(732)
-
(732)|
|---|---|
The notes form part of these financial statements
Page 4
**JUMPING BEANS NURSERY CIO**
## **BALANCE SHEET 1 JANUARY 2024**
|**2024**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
**2,620**
**CURRENT ASSETS**
Debtors
7
**1,964**
Cash at bank and in hand
**60,425**
**62,389**
**CREDITORS**
Amounts falling due within one year
8
**(3,430)**
**NET CURRENT ASSETS/(LIABILITIES)**
**58,959**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**61,579**
**NET ASSETS/(LIABILITIES)**
**61,579**
**FUNDS**
10
Unrestricted funds
**61,579**
**TOTAL FUNDS**
**61,579**|2023
Total
funds
£
-
-
3,328
3,328
(4,060)
(732)
(732)
(732)
(732)
(732)|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 1 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
............................................. M Hocking - Trustee
Page 5
**JUMPING BEANS NURSERY CIO**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JANUARY 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
|Charitable Activities
**3.**
**INVESTMENT INCOME**
Bank Interest received
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2024**
**£**
**187**
**2024**
**£**
**3**
**2024**
**£**
**873**|2023
£
-
2023
£
-
2023
£
-|
|---|---|---|
Page 6
continued...
**JUMPING BEANS NURSERY CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JANUARY 2024**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 1 January 2024 nor for the year ended 1 January 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 1 January 2024 nor for the year ended 1 January 2023.
## **6. TANGIBLE FIXED ASSETS**
|**COST**
Additions
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 1 January 2024
At 1 January 2023
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 9)
Social security and other taxes
Other creditors
Accrued expenses|Computer
equipment
£
**3,493**
**873**
**2,620**
-
**2024**
2023
**£**
£
**764**
-
**1,200**
-
**1,964**
-
**2024**
2023
**£**
£
**-**
3,820
**1,974**
-
**18**
-
**1,438**
240
**3,430**
4,060|
|---|---|
## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Page 7
continued...
**JUMPING BEANS NURSERY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JANUARY 2024**
## **9. LOANS**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank overdrafts
**10.**
**MOVEMENT IN FUNDS**
At 2.1.23
£
**Unrestricted funds**
General fund
**(732)**
**TOTAL FUNDS**
**(732)**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**286,290**
**TOTAL FUNDS**
**286,290**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
519
**TOTAL FUNDS**
519|**2024**
2023
**£**
£
**-**
3,820
Net
movement
At
in funds
1.1.24
£
£
**62,311**
**61,579**
**62,311**
**61,579**
Resources
Movement
expended
in funds
£
£
**(223,979)**
**62,311**
**(223,979)**
**62,311**
Net
movement
At
in funds
1.1.23
£
£
(732)
(732)
(732)
(732)
Resources
Movement
expended
in funds
£
£
(1,251)
(732)
(1,251)
(732)|
|---|---|
Page 8
continued...
**JUMPING BEANS NURSERY CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JANUARY 2024**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 2.1.22
in funds
£
£
-
61,579
-
61,579|At
1.1.24
£
61,579
61,579|
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
286,809
286,809|Resources
Movement
expended
in funds
£
£
(225,230)
61,579
(225,230)
61,579|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 1 January 2024.
Page 9
**JUMPING BEANS NURSERY CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JANUARY 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Non- Profit Income
Donations & Legacies
**Other trading activities**
Charitable Activities
**Investment income**
Bank Interest received
**Charitable activities**
Sales
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Social security
Pensions
**Charitable activities**
Wages
Insurance
Telephone & Computer
Purchases
Motor and Travel
Depreciation of tangible fixed assets
**Support costs**
**Management**
Rent
Postage and stationery
Advertising
Cleaning
**Information technology**
Repairs and renewals
**Governance costs**
Legal and professional
Carried forward|2024
£
**70,025**
**29,117**
**99,142**
**187**
**3**
**186,958**
**286,290**
**5,239**
**3,009**
**8,248**
**186,291**
**990**
**38**
**5,648**
**78**
**873**
**193,918**
**20,383**
**469**
**309**
**397**
**21,558**
**900**
**309**
**309**|2023
£
-
18
18
-
-
501
519
-
-
-
-
-
20
-
-
-
20
-
-
-
-
-
235
588
588|
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
**JUMPING BEANS NURSERY CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JANUARY 2024**
|**Governance costs**
Brought forward
Accountancy fees
Total resources expended
**Net income/(expenditure)**|2024
£
**309**
**(954)**
**(645)**
**223,979**
**62,311**|2023
£
588
408
996
1,251
(732)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11