REGISTERED CHARtfY NUMBER,. IZ00136 ' Reptsrt oltheTrustees and Unaudlted Finandal Statements for the Perlod 23 February 202410 31 Marth 202S lddleduckS Nursery Challord CIO Xeinadin South Wales & West rned 701 Stonehouse Pa Sperry Way Stonehouse Glouce5tershlre GLIO 3UT
Puddleducs Nursery Chalford CIO Contsnts of the FInanclal Ststements for the Perlod 23 February 2024 to 31 Marth 2025 Page. Reference and Admbllstratlve Detalls Mana8tls and Chalrperson's Report . Report of Ihe Tru5te•s Indep•ndent E¥arTEins Report Statement of Ananaal Admtles Balance Sheet Not8$ to the Financlal Statements 8 to 13 Detslled Ststemertof Flnandal Adi¥ltles 14 to 15
Puddleducks Nursery Chalford CIO Reference and Admlnlstratlve Detall$ for the Perlod 23 Febnjary 2024 to 31 Maich 2025 TrUSTEES Mrs L N Hood Mrs H L Mirams Mrs S L Ireland Ms A S Burner PRINCIPALADDRESS Haywards Lane Chalford Hill Sttoud Gloucestershire GL6 8LH REGlStERED CHAR NUMBER 1200136. INDEPENDÉNT EXAMINER XEinadln south Wales & Wesi Llmlted 701 Stonehouse Park Sperry Wiy stonehouse Gloucestershire GLIO 3ur 50ucrroRS Christopher Davidson Solicff(ors LLP 2 and 3 Orlel Terrace Oriel'Road Cheltenham GL50 IXP Page I
Puddledu¢k5 Nursery Chalford CIO Manager's and Chalrper50n's Report for the Perlod 23 February 2024 to 31 Maith 2025 5arnh Irelond- Managee5 report Since retstering as a new Charitable IncDfporated organlsation In Dember 2021 Pudd1educks ha5 continuÈd to go from strength to 5trengthl We have continued with 8 very high number ol chlldren on register, wth 62 children attending over 3 week. For the first year ever, we had a higher number of under 3 year olds. To help u5 to meet the S&g31 staff qualrfitation and odult to chlld ratio requirements, we exteftded our staff team to welcome Christie Horton in the role of nursery housekeeper. meaninB we had more qualified staff avallable to take on Key Person responsibilithes. Thls a159 gave us the luxury extra 5tsff member to help cover unplanned staff absence. Our wonderfully dedicated staff are a huge asset to the charity, and they are all very much appreclated. Millie and Tara continued with thelr 5tudie5, and art both now very near to completing their apprentlceshlps w%th usl Sarah has now completed the NPQEYL and the rest of the team a150 had the opportun%ty to develop their skills by receivin8 training in supporting toiletinglpolty traSnlns, Of5tod update5 and supportlng dy3reg1ated thildren. Other staff training included a full team child protection update for our early yea15 advisor at Glouce5tershlre County councll. flrst aid training and inter agency safeguardlrigtraining for our DSL'S. In Moy 2024, we transfom)ed Puddleducks by removin8 the bar area. and creating a multipurpose spa for thè Ducklings childn, which enabled u5 to take 3 extr3 under 2 year old childTen per day. ln September 2024. we started the new academlc year with up to 36 children per day. We continued to dèvélop the play areas and invest in new equlpment to benefit the cF>ildren. New resources included lots of Monte550ri style toys for our younger chlldTen and more books, puzzles and games. We also Énvested in a new photocopier, desktop computer and 3 new IPad5 for staff use. Puddleducks had a fresh coat of palntthrOugho and the playground marklng5 were also refreshed. I would like to thank the Tru5tee5 and the staff team for their continued $upport and dedication to Puddleducks. It Is wonderful to see how each year, we continue to grow and prosper. AlexaThlra Bufner- ChalrpoMn's Ttport Our new set up as a Charitable Incorporated Organisation, has taken over runnin8 Puddleducks Nursery. Yhls has proved to be highly successful and Puddleducks has been busier than ever. Our hi8her numbe'r of bookings 6 partly due to a higher number of farnilies moving to the area. and an increase In birth rate5, but mainly due to the introductlon of 15 hours fundin8.for children from the age of 9 months of age. This meant that there was a very hlgh demand for space, especlalty in our Ducklin8S 8roup, wh more thlldren startln8 PUddledck5 from the age of l year old. Thankfully. we were able to secure some fttndin¥ from Stroud Distrirt council, to enable us to create addbtional space allowing us to Increase our number of children attendlng the Ducklin85 group from 6 children per day to 9 children per day. The new space available to us has been future proofed by the Inttillalion of a slidin6 wall, whieh means the area can create a small enclosed space or OPEned up fully to be irTrcorporated into the main"hall. We have seen or out£oing5 Increase dramatltally over the lart year, p3rtitularSy our staff cast5, UtilFty bills and food costs. We weTe also able tc create I new employment opportuftity Wth the 1ntroduct.lon of a House Keeper role at Puddleduck5. Thanks to the 5ucce5sful grant appllcatlon, we were able to use the hjnds that we had set aside for the bar removal bullding works to tn5tead top up oyr Capltal malntenance reserves fvnds by £20.000 to ensure we are able to meet our lew41 financial liabilities. Page 2
Pyddleducks Nursery Ch'alford CIO Report of the Trnstees tor the Perfod 23 February 2024 to 31 Marth 2025 The trustee5 present their report with the financlal statements of the charlty for the pwiod 23 February 2024 to 31 March 2025. The trustees have adopted the provisions of Accosjnting and Reporting by Charrties.. Statement of Recommended Practice applicable io charitie5' prèparing their accounts in accordance wtth the Finantial Reportlng standard applicable in the UK and Republic of Ireland IFRS 1021 leffective ljanuary 20191. OB]EIE5 AND AcrNmES Oblectl¥es and alms Puddleduc*s Nufsery is a Charitable Incorporated Or8anisation lao). 8overned by constitution re8ulated by Charity Comrni5sion and is a body assoriated with PATA Gloucestershire. The aim of Puddleducks Is to enhance the development. cart and education of chlldrÉn, prlmarily Itnder rtatLrtory School age and a150 chlldren and young people af sthool age by encouraging par.ents to understand and promde for the needs of thelr chlldren through £ommunity vttluntarily managed groups and by.. al offering appropriate play facilities and trainin8 courses, together with the right of parents to tske re5ponslbility for and to become involved in the attivitie5 of such groups, ensuring that such groups offer opportunitles for all children and young people,'whatever their race, culture, rellglon, means or ablllty bl encoura8in8 the study of the needs of suth chlldren and their famllies and promotrng public inteTest in and recognStlon of such needs in the local area5 cl instigating and adheringto and furtherlng the aims of Gloucestershire PATA ACHIEVEMENT AND PERFORMANCE Internal and extemal fartors and Upcomln8find4I issue5 Rise in the National Living Wage IIO%I and uplift of all stsff salaries to retain pay difference to refiect additional qualifi¢atlons and responslbilities has been fartored Into pay rise5 from April 2024. The staff expendtture has therefore increased by around £2k per month. The intrudurtion of 15 hours fundin8 for eligible working parents of 2-year-olds from April 2024, is now actlve. The Charity now have 77% of children are now funded. Thankfully the rate for 2-year-olds is the same as the rate for fee payers, however the 3-year-old raie is still slgniflcantty lower than our hourly rate for fee payers. This has been overcome by introducing a charge for 5nack5 to help coverthe105S. FINANaAL REVIEW Flnandal posltion Total Income for the Financial Perlod 23rd February 2024 to 31st March 2025 S £435,473. Payments for the same period totalled £408,801 resuftlng In a net income of £26.671 The Nursery's main source of income is from the provlslon of nursery education11.e. Invoiced fee5 and local author fvndr}g incornel whlch accounted for income 01 £433,729. Other reipts totslled £1,744 compri5in8 bank interest of £405 and donations and grants of £1,339. Employment CQ5ts are the Nursery's largest single expenditure wrth totsl wages costs of £271,689. Other expendfture of £137,112 consists of social security, pensions, rents support and opèratbnal costs. A full break down can be found on p.a6es 15 to 16. The end offlnancSal period for the new CIO charity showed a net incomè of £26,672. This 15 exartty whère hope to be as a registEred charity and not for profit iJrgani5ation. We have marnased to invest in our premises by repurposlng the avallable spacé in the bulldln& allowing us to offer an addhional 3 spaces in our Duckllngs class Ichildren aged 1-2 years) each day, providirb8 a much needed service in our local comrnurnity. Prlndpal fundlng sourc•s The Nursery's main source Df income Is the Lo1 Authorhty Nursery Educatlon Fundin8, accounting for nearly 63% of .tOtsl lficome thls financ5al perlod. Invold fees Ifor children not yet eliglble for fundln8 or those who attend for more than thèlrentltlement of fvnded hour51 accounted for around 37% of our Income. Pa8e 3
Puddleducks Nursery Chalford CIO Report of the Trustees for the Perl4)d 23 February 2024to 31 March 2015 FINANOAL REVIEW Re5eThYes pollcy The Charity hold reserves to cr unexpetted drops in income. and to meetthe ¢o#s of unexperted contracts should the Nursery for any reason be forced to tlose its operations- income may be lower than afiiicipated in any year as a result of faS1ing child numbers, or lower take-up of nursery.educatlon sesslons. Unexplred contracts include premises rental and other utilitles, insurances, and stsff redundancy costs. The resetves pollcy Is reMewed on aR annual ba51S. Golng concern After maklng awropriate enqulries, the Trustee5 have a reasonable èxpectaOn that the Charlty has adequate resour to continue In operntional existence for the foreseeable future. For this reason, they GontSnue to adopt the golng concern basis in preparlng the financial statements. 5TRucfuRI GOVERNANCE AND MANA6EMEI Govemlng document The Charity Is constituted as a Charitable Incorporated OTganlsatlon ICIOI and Is governed by a constitution daterj 1st August 2022 and wa5 registered with the Charity Commission as a charity on 22nd Au8USt 2022. Reuultment and appointment of new trustèes ThÈ Trustees meet once a term, srx tlmes a year. All parents and carers for chlldren attersding P¢Jddleducks ale Invited to become members. New trustees ire appointed at thè Annual General Meeting. Current trustee5 when r2cruitlxg new trustee5, consider the 5kill5. knowledge and experience requlred to ensure that the charity 15 well guverned artd run effettively. Indudlon and trainlng of newtrustÉes The Chartty ensure5 that all its new and potential trustees have acce5S to the Charfty CommSsslon's publication Responsibllltles of Charity Trustee5 ICC31 and that they have read and undeTrtood the contents. Trustees understand thelr obligation to check the eligibility of new trustees they are aware of the legal rules on eli8ibility to serve as a trustee. Rlsk managemont The trustees have a duty to identify and review the rlsks to which the charity 15 exposed and to énsure appropriate contro15 are place to pr.ovide reasollable assurance againstfraud and eryor. . Approved by order of the board oltrustees on 20 May 2025 and Signed on its behalf by.. Mrs S L Ireland- Trustee Page 4
1ndendeftt Examlnerfs Rèport to the Trustees of Puddleducks NUery Chalford CIQ Independ•m •NAmlnerfs reporttothetrustees of Puddleducks Nursery Chalford CIO I report to the chariiy trustees on my examlnation of the accounts of Puddlèducks Nursery Chalford CIO Ithe Trust) for the perlod 23 February 2024to 31 March 2025. Aesponsibllltles and basls ol report As the charity trustees of the frijst YOU orÈ responsible for the preparation of the octounts in accordance with thè requirernents of the CharftSe5 Act 2011 (the Art'l. I report in respert of my examination of the Tru5Vs accounts carried out under SKtion 145 of the Act and In carrylng out my examination I have followed all applicable Directions 8iven by the Charity Commlsslon undersection 14515llbl of the Act. Independent examiner's staternent Since your charity's gross income exceeded £250,000 your examlner must be a member of a listed body. I can conflrm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which Is one of the listed bodies. I have completed my examlnation. I confirrn that no material rnètteTS have come to my attention in connection with, the examinatson.gkving me cause to believè that in any material respect:. accounting rettsrds were not kept in respect of the Trust as required by Section 130 of the Act- or the accounts do not accord wlth those records; or the accounts do not comply wlth the appllcable requirements concerning the form and content of accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the atcounts glve a true and fair view which is not a matter consldered a5 part of an independent examination. I have no cOnmS and haye tonie across no other matters in connectlon with thè examination to which attention. 5hoyld be drawn In this report in order to enable 3 proper understandin8 of the3ccounts to be reached. Mr M Aldridge FCCA The Assoclatlon of Chartèred Certified Accotsntants Xeinadin South Wales & West Umtted 701 Stonehouse Park Sperry Way Stonehouse fjloucestershl GLIO 3UT 20 Moy 2025 Page 5
Puddleducks Nursery Chalford CIO ststement of Flnanclal Artivitles for the Pertod 23 February 2024 to 31 March 2025 Perlod 23.2.24 Pertod 22.8.22 to 22.2.24 Total. funds 3L3.25 Unrestrlrted. fund Notes INCOME AND ENDOWMENT5 FROM Donatlons and legacies 273*73 234,426 161,195 180,213 442 Other tradSftg acknvities Investment Income Totsl 435.473 415,081 EXPENDMJRE ON 408MII 309,013 Other INCOME. 26,6n 106,068 RECONCIUAMON OF FUNDS Total funds brought fvrward 106.068 TOTAL FUNDS CARRIED FORWARD 131740 106,C68 The notes form part ofthese fina[al statements Pa8e 6
Puddledu¢ks Nursery Chalford ao Balance Sheet 31 March 2025 2024 Total funds Untrestrfcted fund Notes FIXED ASSETS Talble assets 7A49 8,896 CURRENT ASWS Debtors Cash at bank 21,679 111.738 48,807 51,521 133,417 100,328 CREDORs Amounts falltTrg due wf(hin one year io 18,IZ6) 13,1561 NET CURRENT ASSEYS 5,291 97,172 TQTAL AS5Efs LE55 CURRENT LIABILITIES 131740 106,068 134740 106.068 FUNDS Unre5tritted funds li 132.740 106,068 TOTAL FUNDS 131740 106,068 The financial statements wEre approved by the Board of Trustees and authorised for tssue on 20 May 2025 and were Ened on tts behalf by.. S L Ireland. Tntstee The notes form part of these financial st3tements Page 7
Puddledueks Nursery Chalford CIO Notes to the Flnancial Statements for the'perlod 23 February 2024 to 31 March 2025 ACCOuNG POUOES Bpsls of prq>arlng the flTrandal statements The financtal *atements of the charity, which Is a public bènèfit entlty under FRS 102, have been prepared in accordan with the Charities SORP IFRS 1021 'Accounting and Reportins by Charlties.. Statement of Recommended Prartice applicable to charities preparlng their attounts in accordance with the FSnanclal Reportin8 Stsndard applicable In the UK and Republic of Ireland IFRS 1021 leffective l January 20191,. Financial Report¥n8 Standard 102 'The Financial Reporting 5tsnd?rd applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ststements have been Prepared underthe historical cost conventlon. Income All Income is recognised in the StatÈment of Hnancial Activities once the charity has entltlement to the funds, tt 15 probable that the incorne W11 be received and the amount can be measured reliablv, E¥penditure Liabilities are recogni5ed as Expenditure 35 500n as there 15 a legal or construdve obllgatlon cornmttti the tharity to that expenditure. it is probable that a transfer of economle benefbts wlll be required in settlement 3nd the amount of the obligation can be measLtred reliably. Expenditu 15 accounted for aft an accrua15 b351S and has been Classifted under headig$ that aggregate all cost related to the category. Wherè costs cannot be dlrertly attributed to partkular headings they have been allotated to activities on a basls conslstent wlth the use of resource5. T¥ngible Ilxed assets Depreciation is provlded at the followin8 annual rate5 in orderto wrtte off each a55et over its estimated usefvl lrfe. Fixtures & fittlngs- 25% on cost Improvements to property. 4% on c05t Taxatlon The charity 15 exempt from t4x on its charitsble actitle Fund 3c£ountin8 Unrestricted ftEnds can be used In attordance wf(h the ¢haritsble objective5 at the dlscretion of the trustees. Restricted funds can only be used for partlrular restrlcted purposes wlthln the objects of the thaTIiy. RestrlrtSons arise when specified bythe dtsnor orwhen fvnds are rald for parti¢L¥lar restrlcted p¥rp0525. Hlre purchase and lea$in8 Commitments ReHts15 pald under 0ratIng IEases are charued to the Statement ef Flnancial Artlvltles on a stht Ilne .basis over the peritsd of the lease. Penslon costs and other post-retlrement ben•flts The tharlty operates a defined £ontribution pension scheme. Contdbution5 payable to the chadty's pension 5theme are char8ed to the Statement of Financial Artivilies in the period to s¥hi¢h they relate. Page 8 continued...
Puddledu¢ks Nursery Chalford UO Notes to the Flnan¢kl Statements. contlnued for the Perlod 23 February 2024 to 31 March 2025 OThEJI ThADING ACllVITIES Period 23.124 Perlod 22.8.22 to 22.2.24 31.3.25. Fundra15in8 events Fees 16 180,197 161.195 161.195 180,213 INVESTMÉNT INCOME Perlod 23.2.24 PerÈod 22.8.22 to 22.2.24 31,3.25 Deposlt account interest 442 SUPPORTcosrs Governance costs Other Tota15 Other resources expended 5¥927 $8.155 Support CQ5t5, Included in the above, are as follow5: P*rlod 13.2.24 to 31.3.25 Other resources expended Period 22.8.22 22.2.24 Total artivities Rènts Rates and.water Insurance LS8ht and heat Pa5tage and statkmery Repair5 and maintenance Oepreciatlon of tanglble flxed assets Legal fee5 Accountancy fÈes . 7,042 7,583 2,366 1.702 997 359 21.410 2295 1388 3,804 35.137 IN47 6228 58.155 .43.560 Page 9 continued...
Puddleducks Nursery ChalfoTd CIO Notes to the Flnanclal Statements- continued for the Perlod 23 February 2024 to 31 March 2025 TRUStEES' REMUNERATION AND BENEFITS Mrs S L Ireland receNed remuneration of £43,487 during the pèriod ended.31st March 202512024: .£38.7731. There were no other trustees, remuneration or othèr benefits for the period. Tntstèeg expènses There were no trustee5' expense5 paid for the period ended 31 March 2025 nor for the period ended 22 February 2024. srAFF COSTS The averag¢ monthly number of employees durlng the period was a5 follows.. Period . 23.Z,24 to 31.3.25 Period 22.8.22 to 22.2.24 Management Nursery staff Housekeeper li No employee5 re}Ved ernluments in ee$S of £60,(XXI. COMPARATIVES FOR THESTATEMENTOF FINANCIALAcnvmES Unrestricted fund INCOME AND ENDOWMENTS FROM Donatlons and legacles 234,426 Other tradln8 acrmties Investment Income 180,213 442 Total 415,081 ENPITURE ON Other 309,013 . NET INCOME 106,068 TOTAL FUNDS CARRIED FORWARD 106.068 Page 10 contlnued...
Puddledu(ks Nursery Chalford CIO Notes to the Flnanclal Statemgnts. contlnued for the Perlod 23 February 20Z4 to 31 Maith 2025 TANGIBLE FIXEDASSErs ImproveTnents to property Fixtures and fittings Tota15 At 23 February 2024 ènd 31 March 2025 6.433 4,758 Il191 DEPRECIATION At 23 Febnjary 2024 Charge foryear 2,295 257 1.190 At 31 March 2025 3,077 3.742 NEf 8OOKVAWE At 31 March 2025 S.768 1.681 7W9 At 22 February 2024 6,025 2,871 8,896 DEBTORS: Amoupifs FALUNG DUE WETHIN ONEYEAR 2025 ' 2024 Fee5 Other dèbtors Prepayments and accruttd income Prepayments 1,646 46,345 19,742 L937 816 21.679 CREDITORS: AMOUNTS FALUNfj DUEWIThIN ONEYEAR 2025 ' 2024 Taxation and soclal security Other credltors 243 2,913 2.682 3,156 Page 11 continued...
pudddckS Nursery chalford CIO Notes to the Hnanclal Statements- ¢ontlDued for the Perlod 23 February 2024 to 31 March 2025 IL MOVEMENT IN FUNDS Net movement .In funds At 23.2.24 At 31.3.25' Unrestrkted fvnds Genèral fund 106068 26ffi72 132,740 TOTAL FUNDS ia6 26,672 132,740 Netmovernent in funds, included In the above are a5 follows- Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund 435.473 1408.8011 . 26A72 TOTALFUNDS 435,4n 1408,801} 26,6n . Comparatives for movement in fvnds Net movement in funds At 22.2.24 Unreslrlrted lund$ General fund 106,Q68 106,068 TOTAL FUNDS 106,068 106,068 Comparative net movement in funds, in¢ludèd in the above are a5 follows: Incorning resources Resources expended Movement in funds . Unre5trirted funds Gelleral fund 415.081 1309.0131 106,068 TOTAL FUNDS 415,081 1309,0131 106.068 Page 12 continued,..
Puddleduck5 Nursery Chalford CIO Notes to the Hnanclal Statements- contlnued for the Peri¢)d 23 February 2024 to 31 March 2025 12. REiAYED PARTY DISCLOSURES. There were no lated partytrénsattion5 forthe perfod eftded 31 Marth 2025. Page 13
Puddledu¢ks Nursery Chalford ao Detailed Statement of Flnancial.Artivities for the Period 23 February 2024 to 31 March 2025 Period 23.2.24 to 31.3.25 Perlod 22.8.12 tg 22.2.24 INCOME AND ENDOWtAENTS Donatlons and lega¢les Donation5 Transfer from antecedent or8anis4tion Grants 1339 835 68571 165,020 272.534 273,8n 234.426 Otheriradthg actmtles Fundraigng events Fees 16 180.197 161.lys 161,195 180.213 Investment income Deposit account interest 405 .442 Total incomini resovrces 4a5A73 415,081 ' £XPENOTfuRE Other Wage5 Soclal securfty Pen5i0f15 Equipment Consumables and catering Advertising Bank charge5 Other staff expenses Fees and substrlptlons Telephone Sundnes stsff training 271.689 IL604 896 203,571 11,776 4,281 929 30.606 510 14 L874 7,893 31.790 522 49 lJ56 272 1,142 236 1,723 0.646 265.453 SupportC05ts This page doe5 not form part of the statutory financial statements Page 14
Puddleducks Nursery Chalford CIO Detslled Statement of Flnandal Actlvltles for the Perlod 23 February 2024 to 31 March 2025 Pèriod 23.2.24 to 313.25 Period 22.8.22 to 22.2.24 Support ¢osts Other Rents Rates 8T wBter Insurance Lieht and heat Postage and statlonery Répalrs and malntenan Depreciation of tangible fixed asset5 7,583 2,366 1.702 2.997 359 21,410 2,295 1406 35.137 IA47 51.927 38,712 Gov¢rnan¢e costs Legal fees Accountan¢y fees 2,388 1460 6.228 6,228 Total resoLtr£es expended 3Q9,013 Net income 26ffj72 106.068 Thls page does not fom) part of the statutory flnantiol 5tstements Pa8e 15