Park Lane Nurse Trustee Annual Re ort For the ear endin 31. Au ust 2024 Park Lane Nurse Charitable Incor orated Or anisation Re istered Charit No: 1200130 Accounts for ear ended ust 2024
Park Lane Nurse Trustee Annual Re ort For the ear endin 31" Au ust 2024 The trustees present their report and independently examined financial statements for the year ending 31st August 2024. Reference and Administrative details Registered Name: Park Lane Nursery Charity No: 1200130 Operational Address: Park Lane Nursery Park Lane Peterborough PEI 5JW Trustees at date of Report: Carl Riley Chavard Zhevel Ahmed Elsheikh Christine Kurys Lynn HaNev Banker5 Barclays Bank Independent Examiner: Mark Bedford 11 Belton Road Stanground Peterborough PE2 8UU
Park Lane Nurse Trustee Annual Re ort For the ear endin 31" Au ust 2024 Structure, Governance and Management: Park Lane Nursery became Charitable Incorporated Organi5ation ICIOI, re8lStration number 12CKJ130 on 19, August 2022. The Charity governed by the model Early Years Alliance Constitution for CIO and managed by the trustees who have the power to appoint the charitys trustees. Objects and Artivities: The aims of the Nursery are to enhance the development and education of children primarily under statlttory school age by encouraging parents to understand and provide for the needs of their children through community groups and by.. l. Offering appropriate play, education and care facilities, family learning and extended hours groups, tO8ether with the right of parents to take responsibility for and to become involved in the activities of stjch groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability- 2. Encouraging the study of the needs o* such children and their families and promoting public interest in and recognition of such needs in the local areas,. 3. Instigating and adhering to the Statutory Framework for the Early Years Foundation Stage Public Benefft: The trustee and staff carefully consider the Commission's guidance on public benefit when setting objectives and planning activities. All families with the local community are encouraged to use our services. Fees remain affordable to all by linking this to the fundin8 rates set by the government. All children are eligible to Nursery Education Fundin8, provided by the Local authority for children the term èfter they turn three and for two year-old children who are eligible. Achievements and Perforniance: Overview The nursery is open Monday to Friday term time 8.30am to 3pm and offers sessions of 8.30am- 11.30am, 9am - 3pm and 12pm to 3pm. We provide all new children with a free polo shirt and sweatshirt when they first start and parents are able to buy extra from us at a small cost. Families have the opportunity to take part in our PlaY/Stay and Raising Early Years Achievement in Literacy IREALI which takes place every term over a three week period, families are invited to join their children to read and take part in our activities based around our chosen core story book. Parent5 who attend all three sessions receive a free book for their child. Children take part every half term in TASTE Education to experience different types fruit and vegetables using all of their five senses. Parents of children going to school attended "Getting ready for school" programme over 3 weeks taking part in activities and taking home resources to support their children's learning during the summer holidays.
Park Lane Nurse Trustee Annual Re ort For the ear endin 31. Au ust 2024 Fundraising Children in Need, Morocco and Libya children's appeal, Chri5tma5 Jumper save the children and UNICEF. Total fundraising £522.50 Financial review As a small charity the statutory reports were previously Receipts and Payments but this year the accounts were over the £250,000.00 threshold, so Accrual Accounting for thi5 year have been used. This shows that the income is under however due to the £45,000.(XJ received in August 2024 which relates to the Autumn term 24-25 brings us back to over. Incoming resources 31" August 2024 £221.468 and resources expended £229,629.00. The Nursery main bank account closing balance is E138,003.90 and £39,697.52 in the nursery deposit account for our re5etves. Total cash funds £177,701.42 closing balance 31" August 2024. Reserve policy Reserves are a contingency fund for PILON, redundancies, emergencies and are in separate deposit account with Barclays Bank. Premises The nursery is invoiced service charges each term from St Thomas More Catholic Primary School the summer term 2023 invoice £3,863.30 was not received until 14, November 2023 which increased service charges. É13,503.99 for 2023 to 2024 Plus £3,863.30 total £17,367.29. Rental of the building from The East Anglia Roman Catholic Diocese for the 38 weeks was £10.500.00.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARK LANE NURSERY {Registered Charity No. 1200130) I report on the financial ststemgnts of Park Lane Nursery for the year ended 31st August 2024. Respectivg r8sponsibiliti8s of trustèes #nd examinor The charity'5 trustees considar that an audrt is not required for this year under section 144 of the Charities Act 2011 Ilhe 2011 Act} and that an independent examination is needed. 11 is my responsibility to.. examine the acctsunt$ under section 145 of the 2011 Act, lo follow the procedures laid down in the general Direction5 given by the Charity Commission {under section 14515llb) of the 2011 Act, and lo stsle whether particular matters have rne lo my attention. Basis of Indépènd¢nt examinees statement My examination was carried out in accordance wth gengral Diro¢tions given by th¥ Charity Commission. An examination includes a review of the accounting records kept by the charity and a cornparison of the account5 presented with those records. It also includes Consideration of any nu5ual items or disc105ures in the accounts, and seeking explanations from the truste&s conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Indopgndgnt èxamlno$ statomènt In connection with my examination, no matter has come to my attention.. which gives me reasonable cause lo believe that in, any material respe¢t, th¢ Trustees have not mel the requirements to ensure that.. lal Ibl Proper 8c¢ounling rè¢ords a k&pt lin ac¢ordan¢e wth section 130 of the 2011 A¢tl.' and Accounts are prepared which agree wlh the accounting records and comply with the accounting requirements of the 2011 Act., and 2. to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. 11 BeKon Road Park Farm Slanground Peterborough PE2 8UU Mark Bedford AAT - M.J.B. Finan¢i¥l S¢nri¢es Independent Examiner
Park Lano Nurse tement of Finan ial Activitle5 Unrestricted Funds 2024 Restricted Funds 2024 TOTAL FUNDS 31-Aug-24 Prlor Perlgd Total Funds 31-Aug-23 INCOMING RESOURCES 2 DOn£tn8 3 Charitable a¢tivities 4 Other trading activities 5 Income from Investments Total income 2.232 217,729 985 522 221,468 2.232 217.729 985 522 221,468 226,179 669 103 227,837 RESOURCES EXPENDED 6 Expenditure on Chaiitable aGlwilie5 Other expendrtura Total expendltufe 229,629 229,629 158,727 229,629 229,629 168,727 Net Incom8 11oxp8ndlturnl 8,161 8,161 69.110 Transfers betvmen funds ReconcIllaOn of lunds Ba12nf* Brought forward Balan carried forward 137,954 129,793 137,954 129,793 68,844 137,954
Income S Itt in ust 2024 2024 Unrnstrict•d Fund 2024 2024 Total 2023 Total Fund Oonatlons Donations & grfts Grants frorn Gov. l other charities 1,232 1,OCKI 2,232 1,232 1.000 2,232 8B6 Charftablè activiti Nursery Education Funding ILA} SEN funding Fees from Parents Late fees Other {including HMRC Tax refvnd) 196,951 8,030 5,827 3,921 3,000 217,729 196.951 8,030 5,827 3,921 3,000 217,729 205.148 2,275 3,517 15.241 226,179 other tradin activitles Fundraising Other 985 985 869 Incom• from Inv•stm•nts Interest 522 522 522 522 103 103 TOTAL INCOME 221,468 221,468 227,837
Park Lane Nurse nditure 8 lit Forth Y rEn 1st Au U8t 2024 2024 Unre8trl¢teil Fund 2024 R¢$trl¢tsd Fund 2024 Totsl 2023 Totsl EXPENDITURE ON CHARITABLE ACTIVITES Personnel costs Ilnd. Payroll l HR I Penson I PAYEI Premises costs Administration (osts Curriculum rosourc85 Pupil costs Pupil PmIum- Real Charity Fundraising Credit G8rd eharges Depreo8tion 170,443 41,185 12.178 4,541 705 55 523 170.443 41,185 12,178 4.541 705 55 523 134,269 7,596 12,678 3.016 293 32 229,629 229.629 158,727 THER EXPENDIT Other- Not related to above TOTAL EXPENDITURE 229,629 229,629 158,727
Park Lano Nurso CE HE Asat31stAu ust 2024 Total Fund• 31.08.24 Pdor y•ar funds 31.08.23 FIXED ASSETS FlxbJres. fitbngs & Equlpment CLSRRENT ASSETS 7 D&biors & Prepayments 8 Ca$h at Bank and In Hand 200 177,701 137,954 177.901 137,954 CURRENT LIABILITIES 9 Cwdltoro & A¢¢No1 48,109 48.109 NET CURRENT ASSETS 129,793 137,904 The Fund8 01 tho CrIty.. Unre$tncled fund$ Reslriet8d fund8 Tot•1 Charlty Fund• 129,793 137.954 Th• not•• lomi part el Ih•i• financlal stat•m•nt• Slgned on tyeh8lf of the Tru8ts8•'. //X</2* Signatur• Nar Dats
Park Lane Nurse For thè Yèar Endln 31stAu ust 2024 Unrestrfctsd Funds Goneral Balancg BIFwd 137.954 This year8 un-re8trlcted recelpts 221.488 Thi¥ years un-restrictèd paymènts 229.629 Tran$fgr befven funds 129 793 Balance 8IFwd Thls ar$ restricted receipt8 Thi8 year# r8&lrictsd paym&nl8 Tranyfer beN¥eon funds Unreglricted Restricted 129,793
Park Lane Nursery Notes to the Accounts for the year Ended 31 August 2024 1 ACCOUNTING POLICIES A¢¢ounting The a¢counts were pr8pared under the Charfli•s Act 2011. The accounts have been prepared in accordance wlh the appllcable acmunling standards and comply with SORP FRS102. IncomSng rvJourc•8 All in¢oming resources ara indudgd on th8 Statoment of Financial Activities when the ¢h8rity is lagally antil&d to th8 income and thè 8mount can be quantified with r&a$¢nabb ac¢ura¢y. R••ource• axp•nd•d Expgnditur8 and liabilrties ar• rgwgnS8ed In the period lo which they relate. Tanglbl• flxod a880ts and d•proGl•tlon Tangible fixed assets ara stated al ¢o$l le$$ doprgcSatlon. Depreciation 58 provided al rates calculated to write off the ¢o$l lfj$$ ¥slimat¥d residual value of each asset over 8 ¥xp8¢t•d u8•ful1Sf•, a$ follows., Fixturgs, fittings and equipment .25% p.o. reducing balance Fund a¢countlng Unrestricted funds can be u8ed In Aeeordanc• with th• charitable objectives al thfr di8cration of tha Nursory. Restricted funds can only be usad for particular restricted purpos•s within the objects of th8 charity. Restrictions arise when spocifiad by tho donar or whgn funds are raised for party'cular restricted purpo$¥8. 2 INCOMING RESOURCES FROM DONOR8 2024 2023 UnreBtrlctsd funds: Donali¢n8 Grant8 ITrainingl 1,232 1,000 2.232
Park Lane Nursery Notes to the Accounts - continued for the yèar Ended 31 August 2024 3 CHARITABLE ACTIVITIES 2024 2023 Unrwtrletsd fund8: Nursery Education Funding ILA) SEN funding Fees from Paren18 Lalg fees Other (including HMRC Tax allowance) 196,951 8,030 6,827 3,921 3,000 205,146 2,275 3,517 15,241 217 729 226.179 HMRC Payroll tax allowance received 48 r abov In the Autumn lem 2023, £47,759 wa8 recèived on 8 Augusl122-23 8¢countsl vthan th8 accounts r8 R8C8lPts and payments123.241. In th& Autumn lemi 2024124-251 £45,862.43 was received on 22 August 2024123.241 but relates to 24-2S finanaal year go this has been postèd as an accrual laecruals attountlngl and wll b& brought back In next year124-251. RtrICt•d fund•: Othgr 4 TOTAL OTHER TRADING ACTIVITIES Fundraising lor Charity and Nur8ery £527.50 & £457.55 re8P6Ctively. Fundralging Olhor 986 869 669 5 INCOME FROM INVESTMENTS The Charity has bank accounts a currant and 8avings. Bank Intere81 522 522 103 103
Park Lane Nursery Notes to th8 Accounts - eontlnuèd for the year Ended 31 August 2024 6 EXPENDITURE ON CHARITABLE ACTIVITES 2024 2023 Personnel costs Ilncl. Payroll l HR I P•nslon I PAYEI Premises cost5 Administration co$1$ Curriculum resources Pupil ¢o$t8 Pupil Premium - Real Charity Fundraising Cr&dil ¢ard ¢harg08 D@pr8ciation 170.443 41.185 12,178 4.541 705 55 523 134,269 7,596 12,678 3.016 293 32 229 629 158,727 TOTAL OTHER EXPENDITURE Y DEBTORS Thorg wo8 8 £200 fee TelalSng lo Juty 2024123.241 th41 was paid In Sapl. 2024. 8 C•sh •t Bank and In hand Th• Charty operates 8arclays bank accounts Current and Savings. The ¢urrenl account balance as al 31 August 2024 was £138,003.90. Tha Savings a¢¢ount balance a$ at 31 August 2024 was £39.697.52 Total Ca8h at Bank £177.701. 9 CREDITORS AND ACCRUALS A$ per note 3. the Nursery received NEG funding In advance. The Nursery 8130 received invoices dated In financial year 23-24 (prior 31 Aug 20241 th81 wgre paid in Sept 2024124-251.
Park Lane Nurse Bank Reconciliation Bank Balance as at 31 August 2024 177,701 Add Outstanding Deposits.. Less unpresented Cheque{s) 1n.701 Cash Book Balanc• as at 31st Augst 2024 177.701