## ## |`Trustees`|`LN Hood`
`HL Mirams`|| |---|---|---| ||`S L Ireland`
`L Woolls`
`Mr D Poad`|`(Appointed 6 May 2025)`
`(Appointed 6 May 2025)`| |`Charity number (England and Wales)`|`1200136`|| |`Principal address`|`Haywards Lane`
`Chalford Hill`|| ||`Stroud`|| ||`Gloucestershire`|| ||`GL6 8LH`|| |`Independent examiner`|`Xeinadin South Wales & West Limited`
`701 Stonehouse Park`|| ||`Sperry Way`|| ||`Stonehouse`|| ||`Gloucestershire`|| ||`GL10 3UT`|| |`Solicitors`|`Christopher Davidson Solicitors LLP`
`3 Oriel Terrace`|| ||`Oriel Road`|| ||`Cheltenham`|| ||`Gloucestershire`|| ||`GL50 1XР`|| ## ## ## ## ## ## ## PUDDLEDUCKS NURSERY CHALFORD CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Resetrves policy 11 Is tho policy of the charity that unrestricted fund5 which have not been designated for a speclfic use should be maintained al a levol equlva￿nt to btheen three and Six month's expenditure. The twstees consider that reserves at this level will 8nsur8 that, in the event of a signif cant drop in funding. they will be able to continue the Charit￿s current activitie5 while consideration is given to ways in which additional fvnds moy be raisèd. This level of resetV8S as btsen maintained throvghout th8 year. Principal fvnding SoU￿eS The NuM￿S main source of income is the Local Authority Nursery Education Funding, a￿Unting for nearly 63% of total Incoma thSs financial perlod. Invoiced feès (for children not yet eligibl8 for fvnding or th.ose who attend for more than their entitl8ment of funded hours) accounted for around 37 /0 of our income. Structura, govemanc• and managemont The Chaiity is constituted as a Charitable Incorporated Organisation (CIO) and is govemgd by a Consti￿110n datsd 1st August 2022 and was rgglstered with the Charity Commissiorh 8s a charTty on 22nd August 2022. The trustees who seTved during the year and up to the'date of slgnatur8 of the financial statements were.. LNHood H L Mirams S L Ireland AS Burnor L Woolls Mr D Poad (Resigned 6 May 2025) (Appointed 6 May 2025) (Appointsd 6 May 2025) Re¢ruilmant 8t7d 8ppointm8nt of trtjstees . The Trustees meet On￿ a term, six time5 a year. All parents and ¢arer5 for chlldTen attending Puddleducks are invited to become mernbers. New trustees ar& appointed at thè Annual General Meeting. Current trustees when re(xuiling new tnjstees, ¢onsider the S￿11$. knOW￿ge and experfenGe required to ensure that the charity is well govem8d and run effeclivety. InduGtton and training of tnJslees The Charsty ensures that all its new and Potential trustees have access to the ChaThty Commission's publication Responslbillties of Charity TTUStees {CC3} and that they have read and understood the Contents. Trustees understand their obligation to ch￿k the eligibility of new trustees they are aware of the Iggai rules on eligibility to s8rve as a bustse. The trustees. report was approved by the Board of Twstees. S L Ir81and Trustee D8te....l. L .(....s...J.. 1.6... PUDDLEDUCKS NURSERY CHALFORD CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PUDDLEDUCKS NURSERY CHALFORD CIO I report to the trustees on my examination of the financial statements of Puddleduck5 Nursery Chalford CIO (Ihe tharityl for the year ended 31 March 2026. Responslbillties and ba$ls of rèport As the trustees of the charity you are responsible for the preparation of the financial statsments in accordance with the requirements of the CharitiesA¢t 2011. I report in ￿SpeCt of my 8xaminatior) of the charity's financial ststements carried out under gection 145 of the Charfftes Act 2011. In Garrying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ib} of the Charities Act 2011. Indepgndont oxamlnerfs statsment Since the charitls gross incom8 excaed8d £250,000, the independent examin8r must be a member of a body listed in section 145 of tho Charities Act 2011. 1 confim that l am qualified to undartak'8 the examination because l am member of the Association of Chartered Cerbfied Awuntanls. which is one of the listed bodies. Your attention is drawn to thé fact that the Charity has prepared the financial statements in ac£ordance wth the relevant version of the St8tsment of Rewmmend8d Pra¢tice applicable to ¢hariti85 preparing theiT fmancial statements in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommènded Practice issued on I April 2005 which Is roferred to in the èxtant regulations but has now been wlthdrawn. l undeTstsnd Ihat this has been done in order for the finanual statements to provide a true arKI fair view in accordance wtth UK Generally A￿pted Accounting Pradice. I havè compltrted my examination. l ¢onfirm that no mstter5 have (x)me to my attention in (xjnnection wlth Ihe examination giving me cause lo believe thal in any material respect.. accounting records were not kept in respect of the charity as requlred by sedon 130 of the Charities Ad 2011. the financial statements do not accord with those récords. or the financial statèments do not comply with the applicablg requirernenls concerning tha form and content of financial statement5 set out in the Chartties IAc¢ounts and Reports) Regulations 2008 other than any requir8merrt that the financial ststements give ?'true and fair view. which is not a matter wnsidered as part of an indgpendent examination. I have no concems and have come across no other matters In connection wlth the examination to which attentbDn should be drawn in this report in or¢eT to enable a proper und8rstanding of th8 financial statements to be reached. Xeinadln South Wales & West Limitsd 701 Stonehouse Park Sperry Way Stonehouse Gloucestershlre GL10 3UT Date:.... PUDDLEDUCKS NURSERY CHALFORD CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Unr8stri¢ted fund$ 2026 Unre$tri¢tsd funds 2025 Notos Income from: Donations and legacies Charitable 8Ctivities Investments 273,874 161,195 405 310,366 121,313 431 432,110 435.474 Total Income Expendlture on- Charitable activities Olher mateTial expenditure 374,388 37,529 350.598 58.204 411,917 408,802 Totsl exp•ndlturo N•t Income and movement In funds 20,193 26.672 RKonclliatlon of funds: Fund balances at 1 April 2025 132.740 106,068 Fund balan¢•s al 31 March 2026 152,933 132.740 PUDDLEDUCKS NURSERY CHALFORD CIO BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Notes Flxod a$s•ts Tangible assets 7,449 11 17.598 Current ass•ts Debtors Cash at bank and In hand 12 8,549 139.600 21,679 111,739 148,149 133,418 Creditors: amounts f•lling duo wlthin one year 13 (12,8141 (8,127) Not CUTrent assets 135,335 125,291 152,933 132,740 Total assets188s cuThent liabllitie8 Th8 funds of the charity Unrestri¢teLI fvnds 132.740 15 152.933 152,933 132,740 The fin8ncial statements were approved by th8 trustees on . S L I￿l￿nd Truste• PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 A¢countlng pollcies 1.1 Basis of preparation The financial statements have bèèn pr6pared in accordance wlth the charity's governing document, the Charities A¢t 2011, FRS 102"The Flnanclal Reporting Standard applicable In the UK and Republic of Ireland. and thè Charities SORP 'Accounting and RepO￿ng by Charities= Statement of Recommended Practice appli¢abl8 lo chariti8s pr8paring their accounts in accordance wth the Finan¢ial R8POrting Standard applicable in tho UK and"Republic of Ireland (FRS 1021. The charfty is a Publlc Btrneflt Enlity as defined by FRS 102. The charty has taken advantag8 of the provisions in the SORP for tharlties to prepare a s￿temsnt of cash flows. The financi81 ststem8nls are prepared in sterling, which is the functional currency of the charity- Monetary amounts in these fwoncial statements are rounded to the nearest £. The financial statements have been prèpared under the historfcal cost Gonvention. The prlncipal accounting poliues adopted are set out below. 1.2 Going concern At the time of approving kne flnan¢ial statsments, the tTUStees havg a r8asonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable futtjre. Thus the truslees continue to adopt the going concgm basis of accounting in preparing the financial stal8ments. 1.3 Charltable funds Unrestricted funds are available foT use at th8 discretion of the twstees.in furtherance of their charitsb objectives. 1.4 Income In￿me is recognised wh8n thè charity is legally entiued to tt aftar any performance ￿r¢dItiOnS have been met, the 8mounts can b8 measured r81iably. and It is prob8ble that income will be received. Cash donations 8r8 recognised on receipt. Other donations are rewgnised on¢8 the charity has been notifi8d of the donation, unless perfoTm8nce conditsons require def8Thal of the amount. Income tax r8cov8Table In relation to donations received under GIft￿d or deeds of covenant is r8cognised at Ihe time of tho donation. 1.5 Expgndlturo Expenditure is re¢>)gnised onca there is a legal or constructive obligation to transfer economi¢ benefrt to a third party, il is probable that a transfer of e￿nOMiC benefrts wlll be required in settlenienL and the amount of the obligation can be measured rdiably. Expendlture is dassified by activity. The costs of each activity are mad8 up of the lotal of direct costs and shared cosls, induding support costs involv8d in undertaking each activity. Diract costs attributable to a single activity are allocaltsd directly to that aclNity. Shared costs which contTibute to more than onè activity and support costs which are not attrfbutable to a single ath'v'ty are apportioned belMeen those activ"rties on a basls collsistent wth tho use of resources. Ceritral staff costs are allocated on the basis of lime spent," and depredation chargos are allocated on the portion of the assets use. 1.6 Tanglble Ilxed assets Tangibl8 fixad assets are initially measured at cost and subsequenUy measur8d at cost or valuation. nel of depreciauon and any impaimient105ses. PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 (Continued) Accounting pollcies DèprecAation is wognisgd so as to wrlta off tho cost Of V81uadon of assets les5 their residual values over their usefvl live5 on the following bases= Improvements to propety Plant and equipment Fixtures and ffttings Tho gain or Ioss arising on the disposal of an asset is detemiinfjd as the difference btheen th8 sale proceeds and the carrying value of the asse( and is recognised In the statement of finanrA81 activities. 4Vo on cost 25Yo on cost 250/0 on cost . 1.7 Taxatlon The charity is exempt from tax on its charitable adivitigs. 1.8 R8tir¢m•nt benefits Payments to defined contribution retirement benefit schernes are charged as an expense as they fall due. In¢om¢ from donations and legacias Unrestricted Unr•strlctsd funds funds 2026 2025 1,340 272,534 Donations and glfts Grants 309,711 310,366 273.874 Ineom• from ¢harltable actlvltios Unrestricted fund$ 2026 Unrostrlcted funds 2025 121.313 161,195 Faes PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Inuxno from Investments Unrestricted UnTestricted funds funds 2026 2025 Bank interest received Other income 425 405 431 405 Expendlture on charttable a¢tlvities Charftable a¢tlvlties 2026 Charitable actlvltles 2025 Dlrect Costs Staff costs Equipment Consumables and catsring Advertising other stsff exptsnses Fees and subscriptbons Telephone Sundries Stsff trainlng 308.726 8.352 40.486 291,189 12,914 31.790 522 2.652 8.761 1,356 272 1,142 2.180 8,880 1.427 2.018 2.319 374,388 350.598 Analysis by fund Unrestiicted fvnds 374,388 350,598 10- PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Support costs allocatsd to activltles 2026 2025 5.312 5,146 892 2,222 3,802 450 15,391 126 4.188 1,447 7.042 1,608 2,406 3,804 483 35,137 49 6,228 Depreciation Rent Rates and water Insurance Light and heat Postsge and station8ry Repairs and maintsnace Bank charges Govemance costs 37,529 58,204 Anatysod b¢tween". Other matèrial expenditure 58,204 37,529 2026 2025 Govemancè costseompris•: 2,988 1,200 6,228 Accountancy Legal and profe5s1onal 4,188 6,228 2026 2025 Net movemgnt In funds Th8 net movemant in fvnds is stated after chargingl(cr8diting): Fees payable for the indgpendet)t exaM￿atiOn of the charity's financi81 gtslemer)ts Dep￿ciall0n of owned tangible fixed assets 2.988 5,312 6,228 1.447 Trustees Mrs S L Ireland rec8ived r8muneTatlon of £33,852 {2025: £43,487) and Mrs L V Woo115 received Temun8ratson of £27.68512025-. Not trustee) during the period ended 31st March 2026. Th9re were no other tnjstees. remuneration or other b9nefits for the period. PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 .Employ Th8 average monthly number of employees during the year was= 2026 Number 2Q25 Number Management Nursery staff Houseke8pgr 11 13 11 Total 2025 Employmènt costs 2026 271,689 12,604 6,896 Wages and s¥larfes Social security ¢OSts Other pension costs 283,739 16,903 8,084 308,726 291,189 There were no employees whose annual remuneration was more than £60,000. R•munèratlon of kgy rnanagement porsonnel The remuneration of key management personnel was as follows.. 2026 2025 Aggregate compensation 61.537 43,487 10 Tax•tlon The charity is exempt from taxation on its activitles because all its Income is applled for charitable purposes. 12- PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 11 Tonglble fix¢d assèts Plant 8nd F￿ure* and •qulpm8nt flttlng$ Total to prop Cost At 1 April 2025 Additions 8,433 4.758 7.363 11.191 15,461 8,098 8.098 12,121 26,652 At 31 March 2026 6,433 Depre¢iatlon and Impalrm•nt At 1 April 2025 D8preciation charged in the year 3,077 3,030 3,742 5,312 665 257 2,025 9.054 At 31 March 2026 922 2,025 6,107 Carrylng amount At 31 March 2026 5.511 6,073, 6.014 17,598 1,681 7,449 At 31 March 2025 5.768 12 Debtors 2026 2025 AMOU•￿ falling duo wlthln on• year: Prgpayments and accrued income 8.549 21.679 13 Creditors: #mounts falling due wlthln one year 2026 2025 4.098 2.529 1,500 Other lax*ion and sooaal security Other creditors Accruals and deferred income 9,410 1,904 1,500 12,814 8,127 14 Rotlrement beneflt schom•s 2026 2025 Definad contrfbutlon $chome$ Charge to profrt or loss In respect of defined contiibution sthtsmes 8,084 6,896 The charity operates a defined contribution pension sL*eme for all qualrfying employees. The assets of the scheme ar8 held separalely from those ol the chanty In an independ8ntly adminlstered fund. 13- PUDDLEDUCKS NURSERY CHALFORD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 15 Unr•strlclod funds The unrestricted funds of the charity comprise the unexp8nded balances of donations and grants which are not subject lo spècific conditions by donors and grantors as lo how they may ￿ used. Thasè include designated funds whlch have been sel aslde out of unrestricted funds by the trustees for specrfic purposes. Resources At 31 March expendod 2026 At 1 Aprll 2025 Incomlng rnsourcos General funds 132.740 432,110 1411,917) 152,933 Previous year: At 1 Aprll 2024 In¢omlng r¢$ourcos Resources At 31 March expend 2025 General funds 106,068 435,474 1408,8021 132.740 16 Rolatsd party transadions Th8ro ￿re no disdosable related party Iransathons during th& year (2025- none}. 14-