## **Trustees’ Annual Report for the period**
## **From 01/04/2023 Period start date To 31/03/2024 Period end date**
## **Charity name: OXFORD GEMS NURSERY LIMITED**
## **Charity registration number: 1196818**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To provide early learning facilities to**
**ages from 2 to 5 years of age.**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**The main activities for the public benefit**
**is to provide a safe and harmonious**
**environment to develop and educate**
**children of ages 2-5 prior to moving into**
**the mainstream primary education.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The Trustees have had regard to the**
**guidance issued by the Charity**
**Commission on public benefit.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**This is the 7th year of operations since**
**the Nursery was active from 2018.**
**Over the period of this report the**
**Nursery continues to serve the**
**Community and has achieved its**
**objectives. Nursery occupancy is high**
**and majority of the intakes are from the**
**surrounding areas thus decreasing the**
**carbon footprint as parents are**
**travelling much less in distance for**
**Nursery facilities.**
**The feedback continues to be positive**
**from parents and surrounding**
**community as a once derelict property**
**has been utilised for the benefit of the**
**community.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Charity is in a positive financial**
**status**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The reserves held are for two folds:**
**a) Timing of operational costs post**
**monies received from LCC.**
**b) being held for future**
**improvements for the benefit of**
**the children, ie a more user**
**friendly outdoor play area**|
|Amount of reserves held|Para 1.22|**Closing bank balance as at 31/03/2024 =**
**£36,064.30**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**There are currently no uncertainties**
**relating to the Charity continuing as a**
**going concern.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
**Lancashire County Council Vouchers – pre-school government grant** The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Company Limited by Guarantee (Not for**
**Profit with no share capitol)**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**On a Trustee/Director leaving the**
**institute applications are invited and if**
**the applicant meets the criteria**
**appointment is approved by at least 3 of**
**the Trustees.**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|OXFORD GEMS NURSERY LIMITED|
|---|---|
|Other name the charity uses||
|Registered charity number|1196818|
|Charity’s principal address|2, CLARENDON STREET PRESTON, PR1 3YN|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||IBRAHIM DESAI|CHAIR||All other Trustees|
||FAYYAZ AHMED ALI|||All other Trustees|
||SHOYAB UMAR|||All other Trustees|
||KHALEEL ASMAL|||All other Trustees|
||HAROON RASHID|||All other Trustees|
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name** IBRAHIM DESAI FAYYAZ AHMED ALI SHOYAB UMAR KHALEEL ASMAL HAROON RASHID
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets Fixture and Fittings held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** MR IBRAHIM DESAI **Position (eg Secretary,** CHAIR **Chair, etc)**
**Date** 12/06/2024
**REGISTERED COMPANY NUMBER: 10881835 (England and Wales) REGISTERED CHARITY NUMBER: 1196818**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **OXFORD GEMS NURSERY LIMITED**
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
**OXFORD GEMS NURSERY LIMITED**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|9|
|**Detailed Statement of Financial Activities**||10||
## **OXFORD GEMS NURSERY LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 31 March 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 and aims**
- To provide early learning facilities to ages from 2 to 5 years of age.
- The main activities for the public benefit is to provide a safe and harmonious environment to develop and educate children of ages 2-5 prior to moving into the mainstream primary education.
- The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This is the 6th year of operations since the Nursery was active from 2018.
Over the period of this report the Nursery has succeeded in achieving its objectives as the Nursery numbers have increased significantly and majority of the intakes are from the surrounding areas thus decreasing the carbon footprint as parents are travelling much less in distance for Nursery facilities.
The feedback has been positive from parents and surrounding community as a once derelict property has been utilised for the benefit of the community.
## **FINANCIAL REVIEW**
## **Financial position**
The Charity is in a positive financial status.
## **Principal funding sources**
The Charities principal source of fund is from Lancashire County Council Vouchers - pre-school government grant.
## **Reserves policy**
The reserves held are for two folds:
a) Timing of operational costs post monies received from LCC.
b) being held for future improvements for the benefit of the children, ie a more user friendly outdoor play area
The reserves balance held as at 31/03/23 is £7,668.
## **Going concern**
There are currently no uncertainties relating to the Charity continuing as a going concern.
## **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.
## **Recruitment and appointment of new trustees**
On a Trustee/Director leaving the institute applications are invited and if the applicant meets the criteria appointment is approved by at least 3 of the Trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
10881835 (England and Wales)
Page 1
**OXFORD GEMS NURSERY LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
**Registered Charity number** 1196818
## **Registered office**
Pegasus House 5 Winckley Court Mount Street Preston PR1 8BU
## **Trustees**
F A Ali K Asmal I Desai S Umar H R Patel
## **Company Secretary**
Approved by order of the board of trustees on 29 June 2024 and signed on its behalf by:
I Desai - Trustee
Page 2
## **OXFORD GEMS NURSERY LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
115,291
**EXPENDITURE ON**
**Charitable activities**
Provision
90,571
**NET INCOME**
24,720
**RECONCILIATION OF FUNDS**
Total funds brought forward
7,668
**TOTAL FUNDS CARRIED FORWARD**
32,388|2023
Total
funds
£
86,762
77,612
9,150
(1,482)
7,668|
|---|---|
The notes form part of these financial statements
Page 3
## **OXFORD GEMS NURSERY LIMITED**
## **BALANCE SHEET 31 MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
3,458
**CURRENT ASSETS**
Cash at bank and in hand
37,930
**CREDITORS**
Amounts falling due within one year
7
(9,000)
**NET CURRENT ASSETS**
28,930
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
32,388
**NET ASSETS**
32,388
**FUNDS**
8
Unrestricted funds
32,388
**TOTAL FUNDS**
32,388|2023
Total
funds
£
4,068
21,334
(17,734)
3,600
7,668
7,668
7,668
7,668|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 June 2024 and were signed on its behalf by:
I Desai - Trustee
The notes form part of these financial statements
Page 4
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% RB
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **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.
Page 5
continued...
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2024|2023|
|---|---|---|
||£|£|
|Depreciation - owned assets|610|718|
|Other operating leases|7,500|7,500|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **5.**
|Average number of employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Provision
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2024
2023
9
9
Unrestricted
fund
£
86,762
77,612
9,150
(1,482)
7,668|
|---|---|
Page 6
continued...
## **OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accrued expenses
**8.**
**MOVEMENT IN FUNDS**
At 1/4/23
£
**Unrestricted funds**
General fund
7,668
**TOTAL FUNDS**
7,668
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
115,291
**TOTAL FUNDS**
115,291|Fixtures
and
fittings
£
9,168
5,100
610
5,710
3,458
4,068
2024
2023
£
£
2,278
1,072
6,002
15,366
720
1,296
9,000
17,734
Net
movement
At
in funds
31/3/24
£
£
24,720
32,388
24,720
32,388
Resources
Movement
expended
in funds
£
£
(90,571)
24,720
(90,571)
24,720|
|---|---|
continued...
Page 7
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||Net||
|---|---|---|
||movement|At|
|At 1/4/22|in funds|31/3/23|
|£|£|£|
|**Unrestricted funds**|||
|General fund
(1,482)|9,150|7,668|
|**TOTAL FUNDS**
(1,482)|9,150|7,668|
|Comparative net movement in funds, included in the above are as follows:|||
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|**Unrestricted funds**|||
|General fund
86,762|(77,612)|9,150|
|**TOTAL FUNDS**
86,762|(77,612)|9,150|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/4/22|in funds|31/3/24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|(1,482)|33,870|32,388|
|**TOTAL FUNDS**|(1,482)|33,870|32,388|
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
£
202,053
202,053|Resources
Movement
expended
in funds
£
£
(168,183)
33,870
(168,183)
33,870|Resources
Movement
expended
in funds
£
£
(168,183)
33,870
(168,183)
33,870|
|---|---|---|---|
||||33,870|
continued...
Page 8
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 9
**OXFORD GEMS NURSERY LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Income
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Rent
Rates and water
Light and heat
Telephone
Advertising
Purchases
Repairs and Renewals
Cleaning
Legal and Professional
Insurance
Sundry Exp
Training
Donations Paid
Fixtures and fittings
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy
Total resources expended
**Net income**|2024
£
115,292
(1)
115,291
115,291
57,330
39
7,500
584
4,098
696
83
4,036
2,119
175
127
-
137
429
11,180
610
89,143
60
1,368
90,571
24,720|2023
£
86,760
2|
|---|---|---|
|||86,762|
|||86,762
55,118
34
7,500
544
3,313
825
-
4,222
2,297
224
424
355
136
546
-
718|
|||76,256
60
1,296|
|||77,612|
|||9,150|
This page does not form part of the statutory financial statements
Page 10
**REGISTERED COMPANY NUMBER: 10881835 (England and Wales) REGISTERED CHARITY NUMBER: 1196818**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **OXFORD GEMS NURSERY LIMITED**
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
**OXFORD GEMS NURSERY LIMITED**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|9|
|**Detailed Statement of Financial Activities**||10||
## **OXFORD GEMS NURSERY LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 31 March 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 and aims**
- To provide early learning facilities to ages from 2 to 5 years of age.
- The main activities for the public benefit is to provide a safe and harmonious environment to develop and educate children of ages 2-5 prior to moving into the mainstream primary education.
- The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This is the 6th year of operations since the Nursery was active from 2018.
Over the period of this report the Nursery has succeeded in achieving its objectives as the Nursery numbers have increased significantly and majority of the intakes are from the surrounding areas thus decreasing the carbon footprint as parents are travelling much less in distance for Nursery facilities.
The feedback has been positive from parents and surrounding community as a once derelict property has been utilised for the benefit of the community.
## **FINANCIAL REVIEW**
## **Financial position**
The Charity is in a positive financial status.
## **Principal funding sources**
The Charities principal source of fund is from Lancashire County Council Vouchers - pre-school government grant.
## **Reserves policy**
The reserves held are for two folds:
a) Timing of operational costs post monies received from LCC.
b) being held for future improvements for the benefit of the children, ie a more user friendly outdoor play area
The reserves balance held as at 31/03/23 is £7,668.
## **Going concern**
There are currently no uncertainties relating to the Charity continuing as a going concern.
## **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.
## **Recruitment and appointment of new trustees**
On a Trustee/Director leaving the institute applications are invited and if the applicant meets the criteria appointment is approved by at least 3 of the Trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
10881835 (England and Wales)
Page 1
**OXFORD GEMS NURSERY LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
**Registered Charity number** 1196818
## **Registered office**
Pegasus House 5 Winckley Court Mount Street Preston PR1 8BU
## **Trustees**
F A Ali K Asmal I Desai S Umar H R Patel
## **Company Secretary**
Approved by order of the board of trustees on 29 June 2024 and signed on its behalf by:
I Desai - Trustee
Page 2
## **OXFORD GEMS NURSERY LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
115,291
**EXPENDITURE ON**
**Charitable activities**
Provision
90,571
**NET INCOME**
24,720
**RECONCILIATION OF FUNDS**
Total funds brought forward
7,668
**TOTAL FUNDS CARRIED FORWARD**
32,388|2023
Total
funds
£
86,762
77,612
9,150
(1,482)
7,668|
|---|---|
The notes form part of these financial statements
Page 3
## **OXFORD GEMS NURSERY LIMITED**
## **BALANCE SHEET 31 MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
3,458
**CURRENT ASSETS**
Cash at bank and in hand
37,930
**CREDITORS**
Amounts falling due within one year
7
(9,000)
**NET CURRENT ASSETS**
28,930
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
32,388
**NET ASSETS**
32,388
**FUNDS**
8
Unrestricted funds
32,388
**TOTAL FUNDS**
32,388|2023
Total
funds
£
4,068
21,334
(17,734)
3,600
7,668
7,668
7,668
7,668|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 June 2024 and were signed on its behalf by:
I Desai - Trustee
The notes form part of these financial statements
Page 4
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% RB
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **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.
Page 5
continued...
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2024|2023|
|---|---|---|
||£|£|
|Depreciation - owned assets|610|718|
|Other operating leases|7,500|7,500|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **5.**
|Average number of employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Provision
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2024
2023
9
9
Unrestricted
fund
£
86,762
77,612
9,150
(1,482)
7,668|
|---|---|
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continued...
## **OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accrued expenses
**8.**
**MOVEMENT IN FUNDS**
At 1/4/23
£
**Unrestricted funds**
General fund
7,668
**TOTAL FUNDS**
7,668
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
115,291
**TOTAL FUNDS**
115,291|Fixtures
and
fittings
£
9,168
5,100
610
5,710
3,458
4,068
2024
2023
£
£
2,278
1,072
6,002
15,366
720
1,296
9,000
17,734
Net
movement
At
in funds
31/3/24
£
£
24,720
32,388
24,720
32,388
Resources
Movement
expended
in funds
£
£
(90,571)
24,720
(90,571)
24,720|
|---|---|
continued...
Page 7
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||Net||
|---|---|---|
||movement|At|
|At 1/4/22|in funds|31/3/23|
|£|£|£|
|**Unrestricted funds**|||
|General fund
(1,482)|9,150|7,668|
|**TOTAL FUNDS**
(1,482)|9,150|7,668|
|Comparative net movement in funds, included in the above are as follows:|||
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|**Unrestricted funds**|||
|General fund
86,762|(77,612)|9,150|
|**TOTAL FUNDS**
86,762|(77,612)|9,150|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/4/22|in funds|31/3/24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|(1,482)|33,870|32,388|
|**TOTAL FUNDS**|(1,482)|33,870|32,388|
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
£
202,053
202,053|Resources
Movement
expended
in funds
£
£
(168,183)
33,870
(168,183)
33,870|Resources
Movement
expended
in funds
£
£
(168,183)
33,870
(168,183)
33,870|
|---|---|---|---|
||||33,870|
continued...
Page 8
**OXFORD GEMS NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 9
**OXFORD GEMS NURSERY LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Income
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Rent
Rates and water
Light and heat
Telephone
Advertising
Purchases
Repairs and Renewals
Cleaning
Legal and Professional
Insurance
Sundry Exp
Training
Donations Paid
Fixtures and fittings
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy
Total resources expended
**Net income**|2024
£
115,292
(1)
115,291
115,291
57,330
39
7,500
584
4,098
696
83
4,036
2,119
175
127
-
137
429
11,180
610
89,143
60
1,368
90,571
24,720|2023
£
86,760
2|
|---|---|---|
|||86,762|
|||86,762
55,118
34
7,500
544
3,313
825
-
4,222
2,297
224
424
355
136
546
-
718|
|||76,256
60
1,296|
|||77,612|
|||9,150|
This page does not form part of the statutory financial statements
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