A.C.E. NURSERY SCHOOL (CAmBRI￿E) LIMITED FtNANCIAL STATEMEEXTS FOR THE YEAR ENDED 31ST AUGUST 2024 CONTENTS AND COMPANY INFORMATION PAGE: DI￿torS Rewrt lud¢pendent Examiners Report Ststement of Financial Activities Ba]an¢¢ Sheet io Statement of C&sh Flows Notes to the Financial St&t¢m¢nts 12-19 The following pages do not foTrn part of the Stabjtory FIt￿le1&1 Sta*ments.' Detailed Income and EXp￿dItUre A¢eounts 20-21 DIRECTORS: L Tuohy J R¢blittg B Carod Alonso F lliesu R l))sthuyse C Eccl&s A Rees Rot J Forman D Cburcb O Lynsk¢y S Mohanmiad J Payne L Rithens L Robarts HEADTEACHER.. L Tuohy DAY NURSERY MANAQER: H Ocha]ik.Ba(a REGISTBRED OFFICE: 37 P4Tkside Cambridge CBI IJE REGISTRATION NUMBER: 01 I7019I (¢ompany limitrd by guaratr) REGISTERED CHAIUTY NUIMB 271233 tNDEPENDENT EXAMtNEEL. Nigel A Prentis FCA For aud on behalf OF. Prentiy & Co LLP char*￿d ACCoun￿ts & Indep¢Ddettt Exan]iners 115c Milton Road CaEDbridge CB4 IXE BANKERS.. Lloyd5 PO Box 101)0 Andov¢r BXI ILT A.C.E. NURSERY SCH(K)L {cAMBRIr￿E) IJMITED PAGE I FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE DtREcfoRS Th¢ tru5t¢es (who at¢ a]so directors of the rlJaTity for the pwjoses of the Con]paDiCS Act) present their ￿llUa1 ￿pOrt together with the f￿ne181 ststements of ACE b'ursery School (CambTid8e) Limited for the year ended 31st August 2024, wFLich are also prepared to meet the requiren￿llts for a dirrftor5 fqM)rt and accou]]ts for C¢)mpaDie5 Ad pwses. The trustees confirm that the almual report and fi[tatic1￿ Staten￿nts of the Chatity cornpty witb current Sta￿tOry requirelljents, the requir¢m¢nts of the Charitys governing documeDt and the provisiolls of the Statement of Reeommended PMtic¢- Accounting atHI Reportill8 by Chariti¢s'. SORP applicable to charities preparingth¢ir aecounts ID ￿0[d¥ll¢c FRS 102. OBJECTS AND ACTivmES The charity's objects and its prilloipal activity confiJJw to ￿ that ofprovidillg rrfe-school llurs¢ry facilities after s¢hool aTe in the forni of a Nursery School aud DayNursery. ACHtEVEMErn AND PERFOILMANCE Below we surnm8rise the 2023-24 academic year and how we've n￿t our developrn¢ut plans at each nursery. ACE Nurse cbool ContlnuatioD of elose eothopeTation betweeD the settiDgs SaTth Piotrowski (part-tirne DayNursery Manag¢r) Teturned from lljatemity leave fj)r a few[[￿1)thS but theu decided to leave in the spring to sp¢nd more time with h¢T yOUtL8 Soll and Hanna Ochaiik-Bw t￿k over &8 fijll-time Ella[￿er. Sarah Ransome (Offte Manager, rnainly based at ihe Nursery School) continuu to spend one day per w¢¢k at the DayNursery because of the nutnerous benefits ithas brough¢. Lisa Tuohy {Heatheachcr, primarily located at the Nursery School) is aiso in daily touch wiÉb HaDDa to support Day Nwsery opeTatioDs and there is frequent contact between staff at both settings. It's an excellent way of Sh￿ill8 ideas, working on De5igoated Person roles together getttDg kn know the children in botb setting5, wthicbreally help5 th¢ Smooth traDsition of Day Nursery children to the Nursery School each year. All Nursery School t¢8Ghiw staff visited the Day Nursery in the sull￿¢r term to discuss traDSitiODS for the ¢hi]drell Tnoving up and we continue to 5bare stAff to cover ab5¢n¢e. Diana Church (Deputy Headteacher at th¢ Nursery School) is our lead SENCO {Spe¢i41 Educational Needs and Disabililies Co-ordinator). She wi)rks closety with botb settings, and during the year ijnplemented a 'one page profile, for Each cliild as a way of summarising Indi￿d￿al stsr]wbs alongside are&s Tequiring supporL Diana developed internal ￿eted support lists for all children who could benefit frotn input in specific areas. often only for sbortwiods of time. At sraff meetings evwne is made aware of the cbilér¢n requiring SLWrt 8Thlthis whole group approach is keylo children's developrthenL Bethany Peck (cu￿]cUluM 8nd STEM lead atth¢Nursery Schtjol) has tskeD a nwnl*r of science activitics to the Day Nursery where she is a55tsl¢d byNursery S¢bool cbildren. with the latt¢r bewming the educatoTh foT th¢ir younger colleague8. s￿￿7￿￿ roles Virginie GhanI￿2- a fluent French Canadi2n and Englisb 5peaker- was winted Senior Equalities C(FordÉnator (BNCO) lastye&r overs¢¢ing both settings. Sbe is ideally for tbis role Ls it suits hcr skill seL experience aud passion. Virginie is continuing to work on bringing together the De5iguated ENCO'S from each settiDg- and Judy- to ￿¢ale a shared plan for enhancing this area of the curriculurn. Collectively, they drew w) all action plan and this in¢luded itEm5]ike creating &ll inclusion boaTd at the Nwsery School (ITr place of the wel¢gme poster) a8 well as a display containingphotos of all the families who to ACE to tell us about their professions, hobbles or to pluy rnu5ic andlor read to U5. the b(wd wL% covered in pictures as we twd 50 many vi5itwsl Thc psrental involvernent ¢nsures all families feel welcomeiL Eepresented and supported; we cel¢brated a *ide range of events and topics, includiDg: Mother's and Father's Days. maka￿]￿ evolutio￿ books in a vari¢ty of lallguages including F￿glIsh, Turkisb and PortuguES4 archaeology, chemisty. Pwiro Ta]Mbata (Japanese star fe5Èival), pottery. allimatioT4 nudibranchs (soft bodied rnariD¢ molluscs).. author-illustrators reading their own iwk5 to us. road Safety, robotic surg¢ry and much more. It Ily enhances the opportullities we able to offer the ¢hildt¢n and we bope to illspTrre t}￿ to pursue some of these interests later down the line. C.E. NURSERY SCHOOL (CAMBRtDG£) LIMITED PAGE 2 FfNANCIAL STATEMwfs FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE DIRECTORS CONT.... Polleles We ¢ontniue to foeug on reiieming tbg k¢y policies wbicb are shared on our website. It's quite a pwnstaknng pro¢¢s$ s￿d ACE parent coU]￿lttec memb¢rg athl their comments to those of the staff before the policies are edite4 adopted and PLthli8hed. At the moment we have high level saf¢guardiug expertise on the cornmiitee, tha1￿S to Jenoi PayD¢-Wheeler, a teacher ITh & local school who is also our safrguardillg lead. She ha5 I￿TegUlar training sessions for wmmittee menther5 as well os sh8ring insigbts into best practice in this in￿ortant are& Cardell The large p12yhouse cazne to the end of its life and w&s repla¢ed ￿ill8 fiJDds doDated by families wbo left ill the summer of 2023. Thank you to everyone who contnbutr4L" it has enabled ￿ to cary out an w)￿ade that Ghilib¢u will benefit from for years to come. The con￿etr play tunnel wa& rq)ainTed and a chalk board created on one of th¢ garden walls {which beeL p8Jticlliarty popular with childrell who like to do big ph}ryI￿ roaking). DuriDg the SUD]mer we also reDwved tbe old 5unk¢n motorbike and a slide from the gaJden. The itsff really like the spac¢ thath&g been owied ￿ as a Ee8uIt of these clwiges, in wbicb tbe children are able to create their own play. During the year we held a seed Stall at h¢)rne time each day for a weeL eDcouraging families to grow pl&llts at bome. We th¢n 8ked th¥4t a few of the se￿111￿g5 were brougbt back to ACE so we couidplant them in our allotnent. As a ￿sUIt w¢'ve had a WQDderful crop of chmy tomatcKs and beans. It's a great way to furtber pro￿ote home-scbool liaiso Brthgillg wbol¢ $¢hool music singing time b*ek to ACE PrC.p￿￿e￿l¢, botlL ￿0uPS of children (our Puffjns and PeDgtsiDS) would come together ill tbe middI¢ of the day frjr musi¢ and singing tiTn¢. The p3nd¢mic for¢¢d us to stop this as groups (or bubbles) to remaiD apart. We were delighted to re-llrtroduce this wfjole school activity during the year. We Ill now SIDE son&s wgeth¢r before lunch as well &s sl)aring a range of other music81 aetivities e.g. plaiqng percussioll illstnr￿, dall¢ing and perfo￿l￿g. It'5 incredible to see the thildren s cthfidence grow as theyparticipate in this communal octivity on a daily ba5i5. W¢ listen to different g¢nrts of m￿Tr¢ gmd 50netÉmes tho chtldren dance or r￿polld with their b(Klies. We oft¢D add a,1￿rfOn￿Ce benclL' which the children can use as a stage, obstacle courge or wh*ever they ¢I￿OSe. ACE Day Nursery 20tb birthday vlebrat¥Jus One of th¢ highlights of the yeat W45 our 20th birthday. The D&y Nursery first op¢ned its dim)￿ to young children in May 2004, so we organised two Celebrntio￿ twenty years on. The ffit W&5 held on Friday 17 May wben Lis4 Litldsey (forn]er Deputy Headteacher) and a group of ¢bildr¢Th fro￿) the N'ursery Scbool visit¢d us. we enjoysl a special tra made by Sbaron (Dur cook) including scones and jam. Our main birthday paty w&s on 22 June at W4ndlebury County Park ei Part of our annual teddy bears, picnic. All three of the Day Nurscry managers to date {Ernll￿ SllJillL Sarah Piotrowski and HannaOchaldt-Bacal were in attend8n¢e ps well as Paula Watson (the Headteacher PTior to Li5il Mattbew (forn]er Chair of ACE), Linds¢y Jade (a former Deputv Mall￿er of ACE Day Nursery). W¢ uTrveEled a framed photograph ofETllm4 Sarah and H8nua, alld enjoyed speecbe5 to ommemorat¢ the annivcr5ary. Sharon (who has been &tth¢ Day Nutsery forover 16 years) baked a d¢licioLES lemon cake, iced with thc ACE yellow gate and logo. We all enjoyed d slice &s %¥e 59llg hawy birtbday. Inevitabty 4ft¢r twenty years, & nu]nber of iterns needed refresbillir and during the year a new boiler wag irtstalle& the roof w replaccoL ￿ well as walks along the river, in our nei¥bbourhwd (e.g. to see the living advent caiendAr on Priory Road). alld to the local superniarket. We had 2 ￿￿1 end to the year with sports day, tracked tea, lun¢hes and a summerparty. PUBLIC BENEFIT The charity tskes advantage of graTLts and donatioDs to eDsuTe that 7t r¢arbes all members of Society. Both nurserie5 have a designated inclus1on1equ￿ opportullitses c4H)rdinator {"EN'CO') who ensurB5 that the cultures, adiviti¢s aud ra￿llY b8Gkgrowids of all cbi]dren at the Du￿ri¢s are beillg refiected at the 5¢tttDgs. Specific resourc¢5 have been purchased in areas thatWÈTe deemed to b¢ lacknn8 in this respect. POLICY REVIEW During the year &ll k¢y policies have been T¢viewed aD(L wheT¢ appropriatr, Most of OUT P)lieies can be viewed on the school'5 Th¢b8ite. FINANCIAL REVtEIh' During th¢ yw the majority of ￿ndIng c8me from fees paid for nwsery places. A 5iguificant proportiou oftotsl fr¢s came from Ebrly Years Fundillg ("EYF"l. approximately Iph in thii financia] year (2023: 23°h). RESERVES POLICY Purpose.. ACE needs sbort-t¢nnreseryes to cover set backs fijndillg or cash flow due to changes in gov¢rwTh¢nt fulldin￿ l¢v¢l8 or late or non-payment of fees. Short-tern) re5erve$ are a]50 requir￿ to cover unforeseen building expenditure. Long-tenn reseThes are r￿UIredto reduce th¢ irllpact of risk5 from w&%ible G105ure of either the Day Nursery or the Nurs¢ry Scb(x)I for My reason {in¢luding possibl¢ structural wotk as required in 2(NJO at ACE Nw5ery School). Level of rcssrve5". In consid¢Ting thc appropriate level of reserves. the Director5 tak¢ iDto account the ar¢￿ of fin8n¢ial rfflsk &8 Btated above. The agTeed l¢vel for reserves was Sei at 9 Enonths of Operating Costs- currently appr0xl￿atety £520.000. Where the reserves are hel(L. It 18 the ￿licY Df the Directors ￿ onty keep sufficient reserves in the geD¢ral ac¢ounts that are necessary for the day-tQ-day ruDntDg of the Dursery. A.C.E. NURSERY SCHOOL {cAMBRI￿E) LIMITED PAGE 4 FfNANCIAL STATEMETh FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF TAE DtRECTORS CONT.... RESERVES POLICY - continued ThEre is a separate Invesirnent Policy which is av8il¥ble on requesL As at 3 1st August 2024 we had the following fimds bth equities.. Cash V￿Sou$ a¢counts shown in note 15 of the fiDallciai statements 2024 £3l5.154 2023 £248,452 E vltk$ Market V21ue 20 £44,706 £122,311 £57,420 £69,429 £8I,702 £48,556 £424,124 Market Value 2023 £32,734 £97,024 £62,800 £53,752 £67,644 £45,037 Biitish Lartd Corap8ny PIC F & C Investment Tjubrt PIC Hend¢rson Far East Income Ltd Henderson High ttscome T￿￿t PIC Keystone Invest]nent5 Tr￿st Pk Shires Lncome Pk 10,872 shar¢s valu¢d &t 11,898 sbaTes v￿lled at 25,29) sbaJes valu¢d at 41,327 sbaTes valued ot 36.474 5hare5 valued at 20.106 Shares Valued at Total ￿l￿e £358991 STRUCTtJRE GOVERNANCE AND MANAGEIA GOVERNNG DOCUN(Ewr The charity is constitLtted as a company limited by gualan￿, ts therefore goveTn¢d by a memorandum wd 8rticles of association which vKre amended Oll 30th August 1996 and fijrther amend¢d on 9th J8nuory 2(K17. It is registrredwtth the Charity Coromission. ORGANkSATION AND APPOI￿[mENt OF TRUSTEES The cEwity is a parents, c0-0￿rative, which is a company owned and ms*by the parents. IVI)ilstth¢ care ¢du¢ation of th¢ children are the ￿po￿lbI1ty of expErienced alld professional staff. the ¢￿p10YMent of tbe $taff and the overall EtRnagement of the school are undertaken by the parents. orwi*l by the Parents, Committee {M8Jmgell￿llt Ccmmittee). This is electedby the memtrKr5 at the Awjual GelleTai Meeting (AGNfj of ttke eompany and all elected p8rnts plus the H¢adteacber and Day Nursery Manager are the di￿t0[S of the conjpally. Detsijs of the dir¢thrs ofthe cotnpany (who are also tn￿ of the charity) wbo served througbout the year are shown F*low. All par¢nts 8ndmembers of stsff are encowag¢d to b¢com¢ members of the co-operaliv¢ by sisuillg amenknhip foFm. As memb¢rs of the co4yerRtiYe. all parents wntrftbute toward8 the sllw)oth rutitiing of ACE in one of the following ways". l. Serving on the P4rents' CouJmitt¢e {Man￿eMent commi￿). The He￿lteacher and Day Nursery Nfanager atte]Ld the committee rneetings, providing a iirjk between the staff and parents. The Jneets at1¢&st once every half-term. 2. UDdertaking to work a set number of hours ￿ terni ill one of th¢ following areas: Social events Laundry Shopping D￿Orating and malmena￿e Sewing Bursary Gardening Toys and equipra¢Dt IT adviee HelpiDg with visits 3. P￿entS unable to contributE in a practical way are required to top up their thild's fee5 each t¢rnL ACE Nursery School (CambrÈdge) Ltd was e5tablisbed in 1966 to provide edllcation for 2.5- 5 year olds. The current Nursery School at 37 ParksidE kn 40 Pla￿ txd operdt&s broadlv to state 5c]M)ol tern￿, with holiday playschEJnes running for 8 W￿kS during the school holidays. kn May 21XM a second f￿]lIty O￿neA1 at 6A Priory Roal kno￿1 as ACE D&y Nursery. Thi5 providcs childcare for up to 17 cbil(tren between the ages of l aDd 3 years and operate5 for approxin]ately 48 weeks of the year. The Day Nm¢ry is on a separate site alld has its own ma￿￿￿, but is under the ov¢rall mawment of the Headteacher of the NuTsery Sthool. Wbilst ACE Nursgry School aTtd ACE Day Nursery are owating &5 ACE Nur8ery Sthool (Cambridge) txd, the goal of the company ts that they are both f]nancially self 5UPPOrtiD A.C.E. NURSERY SCHOOL (CAMBRIDGE) LtMITED PAGE S FINANCIAL STATEMENTS FOR THB YEAR ENDED 3 1ST AUGUST 2024 RBPORT OF THE DlliECTORS Co￿.... OKGANISATION AND APPOtm4ENT OF TRUSTEES. continued DIRECTORS The dtrectOTS. who aT¢ also tnembers of thE Management Committre. wlK> weTg in office during the year wer¢ as follow5.. L Tuohy K 005thuysen O Lynsko. (appotllted 13111f23) S Piotrowski (resigu¢d 08103124) C Eccles S Mobammad (appointed 1311 Ir23) W Kelly {re5igned 131111231 R Handley (K4i8ned 1311 Ir23) W Ncmfiow (appointed 13111123 alld resi￿ed 30105124) A Walter (rEsigned 13111123) A Rees Robert5 H Od￿11k-Baca {appointrd 11103124 md resigned 191061241 J Rebling V HaIlam (resigned 1311 Ir23) J Pa}De (a￿l￿ted 13Ji If23) A M&%efield {resigned 1311 I1￿) J Forman L Richens (appoillted 1311 I123> B Car(Ml AIoD80 M Haaser (r¢signed 13111123) L Robarts {appoint¢d 13111123) F lliescu D Chwch (appO[n¢￿ 19106f24) Mjtsagenient Commtttoe meetings are attftsded by thc Headteacher and Day Nursery Manager. DUCTION AND TRAINING OF TRUSTEES A welcome pack provided to all new t￿￿tt$ (con￿￿￿ttee meTDbersX which ¢ontained a number of doCU￿Ents including the Clwity Com[ni￿lOn8 booklet ou the duties and respollsibilities of chgrtty trthstee4 a job description, the companls Memorandum and Articles, the C?￿bridges￿lIe County CoEmciI Comtnittee Handbook. the most recent Set of accounts. a list of stsff aud policies, minutes froTr previous CO]nmi￿ me¢tiAgs, new5letteTS and fft dates. All trustees are familigx with the work of ACE since they are parnjts and bave regular contsct with ACE. RISK ASSESSMENrs Risk as5essu￿2ts are made ai both Duf5eries on an ongoing basis. These asse&8ments includes re￿e￿ryllE and docunKnting the Tisks posed ]nd(￿rs, in th¢ outdoor play area and fire ha￿d5. Safety poli¢ie5 art in place, which a￿￿lable for inspection. Risk assessments are reviewed whellever significant cballges are made. PAY POLICY The Dircctors consider the Headteacher of th¢ Nursery School And the Day Nursery Manager 18 the key management pmonncl of th¢ charitable compally, they ate in Charge of the Tunning3[￿ oImtins of the charitable comppny on a day to day basis. Their sal￿[¢8 are reviewed aDnually. aLong with the r¢5t of the stsfj ensuring that p#y leve]s are kept in line with sitDilar role5 within Cambridge5bire and acro$s the UK. All other diTtctOT5 giye ibeir time frEely arnd receivE no remulletati0￿ Detsils of directh e¥penses are shown in note 17 and T¢latedparty transactions ar¢ disclosed ID note 22 of the fiuallcial state]M¢nts. Looking ahead to the 2023,P24 academic year. we bave a numEtr of plans at both setting5. ACE Nur ScboDI Mr4katon Inspired by a par¢nt who carne iti to share Makaton signing xt nursery, Diuna FAX)ked onto gome fJscinfttingttairAing s￿s1OnS and is now ca$c￿1ng her knowledge down to the rest of the ieajn. It's a reauy posstiye addition to the setting and we're ¢ThcouragiDg everyone to use it as part of our regularcommuDiCatio￿s. We've start￿1 with gigos for water, mi]L yes, colows atiima]s. We intend lo build on tbis with the pitu of e4nb¢dding MakatOD as part of our daiIy routtne. Itreally helps children with EDg5isb &$ aD Additional tan.we by sUPPOrting them to understaud and CODununicate. A.C.E. NURSERY SCHOOL (CAMBRIDGE) LDAETED PAGB 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 REPORT OF THE DIPECTORS CONT.... Gardell A5 menttoned earlieT, we Teatly like the 5pac¢ that IM8 been creatrd ill the garden atterthe temoval of a couple of old pieces of play equipment. An inttedibl¢ £1,151 was raised froln the families of sutDmer 2024 leavers (th£t]k you to all who do￿ted) and will b¢ spentp17￿1IY on resources forthe garden. We'd I￿e to develop the allotn￿llL audbuy more planters and re-name this spa¢e The ACE Co]Dmunity Allolment. We're keen to encourage extend¢d family membets to corne in md garden with us. Allotments are very popular in Cambridge, often with long waiting lists to 3¢cure plots. so we ho￿ that kw ￿.finger¢drCIdtlve5 will share their growiug Skills witb u8 iu our own g￿¢ We'd lik¢ a pareDt ttk make an Everyone Welcome sign for the llew playhous¢ to signal ill¢lu5ivity 2nd ￿liDe th&t it's a Com￿Ulla1 spac¢ for all the children to ¢njoy. Addltlonal liaison wltb ACB Day Nursery We plan to build the rnoment￿ of stsff swaps Mith ACE D￿NUrsery aDd arrange wbole days when stsff ¢an excl￿￿￿¢ with their counterpart8. For exAmpl¢ Diana and (as deputies).. Virgini6 and La￿ (&% ENCO-), Bethauy C&men (as SENCOs), and HaDD￿LISa ￿ N(anager1Headte￿her respectively. li wil) ethle additional professional discussions as well &8 fUrther￿g understsmding about wbai goe8 on in each Setting. We feel it would E*nefii everyolle for strffing to be more fluid tgtween our two uurseries. Orne of the aims of the ¢loser cwperation is to have smooth¢r tr3Dsitions in tetry￿ of documeutation on SEND, behaviour management et¢. We'll be able to ensure papewrk lik¢ the one page profiLe5 ate compl¢ted- identifying Lny ntinuing needs- then reviewed aDd signed off, before children move up to the Nurstry School in septe￿b￿ each yeJr. Build on the S¢nlor ENCO role We would ]￿e to increase th¢ amouDI of communication betsveeD our two 5¢ttings to sbare inforniation and 5UPPOrt on the Equalities frout. Informatiorl gathered in di%u5SiQn5 with parents at the D&5 Nut5¢ry abo￿ ¢ultswes a[￿ customs 18 r¢ally ￿efu￿ as the children rnoye to th¢ Nu￿ery S¢hooL so we are fidly bTiefed for the 5tsrt of the new school y¢ar. Polficls4 W¢ need to find more tirn¢ to work on our ￿lICIes, andthis will ￿ anothfJ goal for thE coniiii8 YW. ACM Da rge Recruitment This is our main focus at the sfart of the new school year" we'r¢ looktng for aqualified staff ￿￿)￿ber to replace Natsiie who knas movedto Manchester. Stsff training We would I￿e all staff to ¢ontAnue to irnPTove theTrr knowledge, so that the plfinll￿g of activities and obsuying of children is ethanced. Overarching the￿eS We'd like to earry on with all overdrching theme each term to we will relate m&uy of our activitie5. For the autw)Th kt 2024, this will be"All about us" which links well with OUT aiw of building relationships with YJ¢w famili¢s ftud settling in Dew clJildreD. It also ties in from an ENCO perspective aDd &s we get to know our famili￿ we encourage them to come in to s￿e relevant celebration5 wffith u5. We'd liTre to Tepeat the higbly su(GE&sfi]I moth¢TS' dayafternooll t¢a and hther's day get together. Our Couw ￿lY years adviser plaTJS to visit tn I)e¢eml*r and we l¢)ok Forw￿ ￿ shariDg ideas wt(h her as well as drawing upon expertis¢. We WDuld like to Create a curriculum display 5ttknng out our g(ols al￿ for to be rnore involved with it by sharing milestones from h¢)Jne which we c8ntben include ÉD planning forthe chitdren's Trext steps and vKce versv4. Once the n¢w children are settled this term, we'll revisit group tin]e in different age ￿Up5 alld link it with next 5t¢Ps that tbe st&ff h&Ye plenlled for the gtrls boys. A.C.E. NURSERY SCHOOL (CAMBRIDGE) LIMrrED PAGE 7 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE DIRECTORS cowr.... outings stsff sw8pg We plan to cojllinue with outingg to the library once p¢rmonth (selethitiglxth related to ow over8r¢bing tbeme andjoiDin8 iIl story1thY￿ times wbeneyet possible). W¢ are a]so planuin8 10 iisit mott mus¢un￿ alld 80 Out intt> our wnununitywbeneycr we caJL Carn￿ll will take on tht role of orgatiising regularkn vth. There are multiple l¢arning OppOrti￿ltie9 on ea¢h outing which is why we'd like to orgaDiS¢ as tEWIy as POS8ible. Cooklng FAch seoson we'll iDÉr(Mluce new menu& a￿1 Br'd like ts) cook with the Child￿ 8t least ts￿e per weeL We ate also planning to create att ACE cook bool sbsring some of Sharon's recipts Oike herpopular vegetable a￿.) wbi15t Also including fayourite rwipes from home. We've startedoff the year by rnakiDgprar e8kewing fmit donated by our neighbour who has a splendid peAr tree in his back garden. We'd like to buv & new slide for the garden usintr the fi￿d5 th8t w¢re donated to us frorn sunyner 2024 le&Yets. We 9xe also looking to mamp th¢ large B'ooden SaLd pit stsw¢nre which h&8 been here for most of th¢ last 20 yeaT4 and install a small shed to house some of our outdoorplay equipment We'll Co￿]m￿ to add colovr. perbaps another tree alld Some lights over winter. It's a lovely extets8Aon of the playTOOllL. L￿se In S¢pttmber 2024, a new 20 year lease sigued with the Council. backdabj lo J8nu8ry 2024. This will help to securE the future of ACB D&y NuTsery for the next generation. TRUSTEES, RESPONSIBILtriES fN RELATION TO THE FINANCIAL STATEMENrs Con)pally and Gh4rity' law requires th¢ dirthr5 to prwe Stare￿￿¢S for¢ach finsttcial y￿whIch give a Iw¢ and fair view of the state of atTairs of the c4)tnpany ar￿ of thepn)fit or loss of th¢ compallyfor thatpetI￿J. Inpre4>aring th08e rjnancial statements, the direciors are requiThl to.. SEle¢t suitablc 4ccouDting policies and apply them consistently. state whether tbt policies adopted ar¢ accordanc£ withthe Companies Affl 2006 and with 8ppli¢able &c¢ountSn8 Stalldards and Statern￿t of recoD]mended p￿11￿ subject to any mat¢rial departureg discloged &lld explained in th¢ fmart¢ial staten￿nts. prepare the financial stat¢rtteJkts onthe goiti8 concernbasis uuless it i8 inapproNiate to presume that the ¢ompany will continu¢ bu81[￿. judgernents estitnates tbat reasonable and pnmienl observe the rn¢thods and prillciplcs in the C]wities SORP. b) d} ThB directo￿ are r¢sp)llsiblE fDf keepingpropera¢counting recoTds disclose Nrytb reasonable accurdcy aÉ &nytiTlle the finallciAI position of the collwany and to enable to ensure thatthe finsnci&l s1alements ¢omplywith the Companies Aot 2(M)6 and th¢ Charities Aet2011. Th¢y are also respoD51Ble for safegu*d1￿ the assets of tk ¢ompany and henGe for tsking reasonable $tq)s for the prevention and detectiou of fraud aud otlKr iTr¢Bukniti6S. This repor4 which hag prepared in ac¢ordaDCC with the spccial proiqsions relating lo eompallics subject to the small companies regim¢ witbin Part 15 of the C¢)mpaDies Act 21M)6, wa5 approved by the board on Isék and 8igll¢d on its bebaif. DIRECTOR A.C.E. )5URSERY SCHCK)L (CAMBRIDGE) LtMITED PAGE 8 FINANCIAL STATEMEbrrs FOR THE YEAR ENDED 31ST AUGUST 2024 )EPBNDENf EXAMWS REPORT tNDEPENDEKf EXAMINERS REPORT TO THE TRUSTEES OF NURSERY SCHOOL (CAMBRI￿E) LtMITED I report to the clwity tnL8tee5 on my ¢xamiDatson of the accouots of the Corn￿ fw the yw ¢uded315t August 2024. B£SPONSIBILITtFS AND BASIS OF REPORT As the charitys ts￿Stees of the Company (bnd Abo lis directOTS for the purposes of cotnpany law) you are responsible for Ihe preparntion of the accounts accordan¢¢ With the requIrell￿n￿ of tbe CoD]paui¢s Act 2006 Cthe 2￿6 Act). Having satisfied myself that tlLe ￿￿o￿ts of th£ Compan> ate Dot required to be audkted under Part 16 of the 2(￿0 Ad aLd Bre eligible for independent examinatiOQ I report in r¢spert of my examination of your charitys ae£ounts as carried out under gection 143 of the Charities Act 2011 Ctbe 2011 Act). In Cparying out my examinatson I have follo￿d the Directions given by the Charity CorllTri55ion under sedion 145{5Xb) of the 2011 ACL fNDEPENDENE EXAfvttNER'S STATrNSENT Sin¢¢ the Cornpallys gross inGome exceeded £250,(M)O your eXami￿r must be a Mem￿ of a body listed in se4tion 145 of the 2011 Act. I confirm tI￿t l atn qualified to undertake the eXa￿l￿on because l am amemlxr of th¢ Insti￿te of Clwlered ACGOUnt￿jts of England aDd Wales, which is on¢ of the listed bodies. I b&ve compl¢ted my ¢xaTllination. L confirm that no mattu5 have ¢ome to attention in connection with the examination giving me cause to believe.. l. accounting records w¢re not kept in respect of the Companyas r¢quired by section 386 of the 2006 Aet. or 2. the accounts do llot accord with those records" or 3. the ao¢otmts do not co(Dply with the accounting r¢quitEments of section 396 of th¢ 2006 Act other thall requiremellt tbat the accouDts give a knyje and frdtr view which is uot a matter consid¢red as part of ￿ independent exa￿l￿alIQ￿,. OT 4. tbe ￿Counts have not been prepared in accordau¢¢ with the methods aud principles of the StatemeDt of RerotLmellded Pr&¢tice for a￿O￿ttIng and reporting by &iues lappiirabie to charities preparing their accoutlts ill accordauce with the Fillaocial Reporting Stanilgrd gpplicable sll the at]d Re￿￿11￿ of Irelaud (FRS 102)]. I have no concerns and have come across no other matters in CO￿lle¢ll0n with the examination to which attentioll sbould drawu in this report in order to enable a understaDdiDg of the accouRts to b¢ r¢ached. NIGEL A PRENTIS FCA FOR AND ON BEHALF OF: PRENtIs & co LLP CHARTERED ACCoL￿TA￿E & INDEPF.hl]￿F EXAktINERS 115¢ MiltoTh Road Cwnbridge CB4 IXE tL?W A.C.E. NURSERY SCHOOL (CAMBRIDGE) LIMtTED PAGE 9 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES Note u￿restrIcted Restrict&J Tot￿ Uw¢stricted R¢5trioted Funds Funds 2Q24 Funds Fund5 Total 2023 INCOME FROM: Grants aud donation$ Charitsble income lThvestm¢nt income 1.658 818,245 22,743 842,646 29 1,687 818,245 22,911 842,843 18.246 742J49 17,7(M) 778.495 98 18,344 742,549 17,767 168 67 197 165 778,660 EXPENDrruRK OF4: luvestsnent fe¢s Raising fiJnd8 Charitable activities 188 2283 810,805 188 2.283 811,859 814.330 200 1,839 729,387 200 1,839 731,927 733,966 l.054 2.540 813276 1,054 73 1,426 2,540 Net in¢ome before gains on imveslrnts io 29,370 {857) 28.513 47.069 (2.375) 44,694 Net gaill51(losses) OD investtD¢nt &$8ets 12 48,270 48,270 76,783 (51,265) (4.1961 {2,375) (51,265) {6,571) Net movemeni in thnds Reeollclllation of fund5 Tot&1 f￿dS brougbt forward Total fuuds Ca￿led forwaTd 77,640 (857) 518,912 14255 533.167 523,108 16.630 539,738 533,167 596,552 13.398 609.950 518,912 14.255 None of the company's actÈvities were acquiredor d1scolltinu￿ the year there were other ￿¢OgD1Sed gains and loss¢s for ?024 or 2023 other than those ]￿liCated the Statement of Fitkticial ActivÉties. The no*S on pages 12 to 19 for￿ part of thesc finallcial statements. A.CE. NURSERY SCHOOL (CAMBRIDGE) LIMrrED PAGE 10 FINANCIAL STATEMEhryS FOR THE YEAR ENDED 31ST AUGUST 2024 BALANCE SHEET Notes 2024 2023 FIXED ASSETS JnvcgtllKnts Tan￿ble asset8 TOTAL FIXED ASSErs 12 13 424,124 5,726 358,991 6,562 429.850 365,553 CURRENT ASSETS Debtors Cash at bank and inhalld 14 15 14.841 315.154 7.699 248.452 TOTAL CURRBNT ASSETS 329.995 256,151 ILITIES.. ditor8: atnouttts fallitig due within one yvar NBT CURRENT ASSETS 16 149.895 88,537 180,100 167,6l4 533,167 TOTAL NET ASSETS 609.950 THE FUNDS OF THB CHARITY.. UnrestrictEd fi]nd R&stricted fimd 21 21 596,552 13,398 609.950 518,912 14,255 533,167 The directors Considertl￿t the con]pany is ethitled to exeIn￿l0￿ fromthe re44Uitt￿I to have an audit uTrJer the provisions f Section 47711) of the Co￿￿￿1e8 Act l(K)6. Members have not requi]Yd the Company und¢r S"ection 476 of the Compatiics Aet 2006. to obtain an audii for the year ended 3 l¥t August 2024. The direc￿r8 acknowledge their responsibi]ities f ensuring that th¢ ¢ompanykeeps a¢countingTe¢ords iTrhich ¢omply Swtion 386 atjd 387 of the Companies Act 2006 gmd forpreparing fJn8llLial statem¢nts Trhi¢b ¥ive atrue and fair Niew of the srate of affairs of the company as at 31st August 2024 and Df its su4)lus for the year therl cnded in accordance witb the reqlliremrnts of Sertion 396 an41 which otherwise iomply with th¢ requ1r¢rne￿tS of the A¢trelating to the fiDaDcial sratements as far as applicabl¢ to ttie compa￿Y. The fitwicial statements, ithi¢h have IxellprepaTed in aCc0￿￿￿1ththe special ptOViSiODS relati￿ to th¢ cotDp&ni¢s subject to the sD]all compani&% regime within Part 15 of the Cotiwtiies Act 2(M)6, w￿e approved bythe board 15& &l &nd sigtted on its bebal£ DIRBCTOR The notes on pages 12 to 19 fon)Lpart of these fin￿¢1￿ slatem￿. A.C.E. NURSERY SCH(K)L (CAMBRIDGE) LIMITED PAOEII FtNANCIAL STATEMENT3 FOR THE YEAR ENDED 3 1ST AUGUST 2024 STATEMBNT OF CASH FLOWS Totsl Funds 2024 Funds 2023 Notr C¥4sb Flows from OperatiDg Actlvlths: Net ¢asb provided byl(used iti) operaling a¢livities 23 63,062 32J88 Cash Flows from Investing Aetivities Dividend8 2nd Interest from Investrnents Invests)LentId￿]￿8 costs Purchas¢ of Fixed A4sets Pur¢hptse of luvesttnents 22,911 (188) (2,220) (16,863) 3.640 17,767 (200) {19,025) (1,458) Net Cash Provlded by Investing ActiVTtles Change in cash and cash ¢quivdents in the reportll￿ peTi￿1 66,702 30,930 C￿h and cash equivateDts at the be￿Irt8 of the ryortiDg period Cash and c￿￿ equivalents at the elld of the [¢￿tIllg peri(NJ 248,452 2l7,522 315.154 248,452 A.C.E. NURSERY SCH(K)L (CAMBRIDGE) LIMITED PAGE 12 FINANCIAL STATBMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUFUING POLtCIL5 1.1 BASIS OF PIiEPARATION OF FINthCIAL SfATEMENI3 The fmancial ststements have be￿ Prepared in accordance with Aw)tmting and R¢porting by ChaTiti¢S'. Statement of Recomrnended Practic¢ applicable to clwitie5 preparing theii accounts in wrdance with th¢ Financial Reporting SrATLdard applicable in the UK alld Republic of Ireland (FRS 102) (effective 1st January 2019)- (Charitie5 SORP (FRS 102)), the Finan¢ial Reporting Sialldard applicable in th¢ and Republic of Ire]8nd (FRS 102) and the Companies A¢t 2006. The charity constitutes a public benefft enttty ￿ defD¢d by FRS 102. The tswte¢s CODsider that there Qre no material uncetsinties aboutthe cbaritys ability to ¢onÉinue as a goillg concern. 1.2 FUND ACCOUN1ff￿G Unrestricted fjmds ¢ompri5e those funds which the TTUStees are free for to use for any pry9e in furth¢rjD￿ of the haritable objeets of the charity and which have not been desi￿Ed for other purposes. Restricted fiEnds which are to be used aecordance with Specific restridions imy)sedby donoL% wtstch have been rai8edby the charity for particular pu￿Oses. The c05t of raising aDd ldmi￿ter]ng such fill￿5 charged against the specifie fund. The aim and use of ¢acb restricted fijnd 1% set out in the Trot¢S to the finanei&l statements. 1.3 INCOME RECOGNITION All income is recogoi5ed once the charityhas entitlement to the there is suffi¢i¢nt Certainty of r¢c¢ipt wd $0 it is probabl¢ th* the illcome will be receive4 ond the atDOUnt tsf itKome receivable can be ￿e￿ured reliably. Donared assets. 3¢rvic￿ or fdcilitie4 are illcluded income at valuation which is an e5titnate of the fill￿¢1&1 cost borne by the donor where such a cost is quantifiable and The value of 5erYic¢s provided by the volwrteers has not been uKluded within th45e fin2ll¢ia] stat¢nients. Income recetved in &dvaDC¢ is rwied furwth to the next fiDan¢ial year as defeTred illcome on th¢ Balanc? Sheet. I￿ter¢s1 on ftJnd5 held on deposit is included when reW￿lsable and the al￿vnt can be m￿S￿ed reliably bythe ¢baTity, thi5 is nornially upon notification of th¢ iDtert8t ptiid or payable by the bank 1.4 EXPEE4DrruRE RECOGNITION Liabilitie8 are recogni8ed as expenditure &$ soon a5 there is a legal or construrtive obligation eomrnitting the charity to that exp¢Thditure, it is probable that settlement will b¢ required aDd the aOM)unt of obligation can k rn¢uW￿T¢Ixabty. All expenditure is acc0ullt￿ for oll att accruals basis. All Expen￿, inclU¢jll￿ 5UPW)rt CDsts and goveTnmce costs, ar allocated or appointd to tbe applithle ex￿dith beaditw in th¢ Sta¢enLent of Fioall¢iai Aciiviti¢s. Cost of iaising fi￿d5 are th(￿e Incu￿ed in 5ttking volun1￿¢0￿￿7)utlolls alld do not include the costs of disseTJinthg information in Sllp￿t of tbe charitsbl¢ adivitics. Support costs are those costs irAcurred direcity iti of expenditure on the objwts of the tharity and include project gnageDJ¢nt and general rutmtllg costs. Governallce ¢osts are those incurred in cowiection ￿ the athninistratiOD of the ¢ompany and compliance with ot]stitutional and statutory requirements. 1.5 FINANCE AND OPERATLYG LEASES Rentsls applicable to operating leases are cha￿ed to the Ststement of FiDaneial Activities over the p¢riod they are incurred. Assets obtait)ed under finan￿ lease$ 8re capitslised ￿ tart￿7)1e ￿xed assets. Obiigationg under such leases are included ill ¢T¢ditors J)et of finance charges allocated to firture periods. The fjmllce element of each payment is charg¢d to the Ststsjnent of Finaneial Activities 50 as to PTthe a constJnt ￿lOdiC t*e on Ihe net obligation outslgtithg in ¢wh perio(L A.C.E. NURSERY SCHOOL (CAMBRIDGE) LIMITED PAGE I3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOTES TO THE FtNANCIAL STATEMFNTS 1.6 IN￿TS￿mENTs InvestrDents are at tnalket value. Th¢ workct value of quoted securiti¢s is based on the middLe market quotation on th¢ relevant stock ex¢hange. The St*ment of FiLwicial Activities iucludes the net gains snd losses arising on r¢valuatiorJs and disposals through0￿ the year. 1.7 TANGIBLE FIXED ASSETS Ahl) DEPRECIATION Tangible fixed &ssets are stated at cost le55 depreciation. Depreciation i5 provided on all taLgil)le fixed a%sets atrates calcuithd to WTite-off the costs less estimated residual value of each &sset evenly over their expected usefill lives as follows". Furnitt￿¢ ￿ equipment - I￿}0 Straight line ljnprovewents to le￿hold . the rernaU￿ te￿ll of the lease 1.8 DEFTORS Trade attd other debtor5 are recognised at the settlement a￿O￿Trt due. Prepayments valued at the atnount prepai 1.9 CREDITO1￿ AND PROVISIONS Creditors are tEcO￿lSed where the ¢lMrityba5 a prvaent obligation resulting from a p8Stevent that ￿1[ probably reslllt in tbe transfer of fimds to a third party and the amount due to Settle the obligation caD be measur¢d or estiuwted reliably. Creditors and provisions 8Je Dormally recognised attheir s¢ttlem¢nt ÈMOUDL 1.10 PENSION COSTS The clwity operates a defmed contribution pension schetue. The assets of the ￿b¢me atr held separately from those of thc cbaTity illdependently adMill￿¢red fiwds. Contrb￿l0￿5 ¥re cbW tothe State￿￿t of Financial Activitie5 as they fall due. LEGAL STATUS OF THE CHARTTY The charity is a co]npany IiDlited b). 8uaraTttee. The membe[5 of the comppny are the Tntstees named on page 5. In the event of the cornpan￿ b¢ing w0￿d up. the liabiltty ID respect of the guaTalltee 15 lÉmited to £l per mernber of tbe charity. Unrestricted Restri¢ted Totsl Funds Fun(ts 2024 GRA￿rS AND DONATIONS CURRENT YEAR Grauts. CCC- Speech aTLd Language Donation5 350 1.308 350 1,337 29 1,658 29 1.687 UDT¢Stricted Restricted Funds Funds Totsl 2023 PRIOR YEAR Grants. CCC. Graduate L¢ader Fund - CCC- EHCP -CCC-DAF Douation5 1.000 15,257 828 1.161 1,000 15.257 828 1,259 98 18246 98 18,344 A.C.E. NURSERY SCHOOL (CAMBRIDGE) LIMrrED PAGE 14 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS INCOME FROM CHARITABLE ACllVITIES TIAal Ullr¢stricted Restricted 2024 Funds F￿(L8 Total 2023 Fund5 Nw5ery School fees Day Nuw School fr Fundraising 502.322 3 14.335 1.588 502.322 314.335 1,588 458,376 282,3 12 1.861 742,549 458,376 282,312 1,861 818245 818245 742,549 INVESTL*tENf INCOME unT￿trIcted R¢striCted Funds Funds Totsl Unrestrict¢d REStriCt¢d 2024 Fun Funds Total 2023 Bank int¢￿St r¢ceiv¢d Dividends received 168 5.834 17.077 1.410 16.2 67 1,477 16,290 17,767 17,077 22.743 168 22,911 17,700 67 EXPENDfiuRE ON IL4ISING FUNDS UDr¢stri(¢ed Restricted Funds Total Unrestricted Restrtcted 2024 Funds Toi 2023 Fulldraising expenses 2,283 2283 1,839 1.839 ANALYSIS OF CHARITABLE ACTtVlTIES Supt Costs (Note 8) (Notr 9) Dire¢t Support Costs Costs INot¢ 8) INote 9) Totsl 2024 2023 Charitable activities 669,639 E42220 811,859 603233 128.694 731,927 DIRECT COSFS Unrestricted R&stricted Total Unrestricted Restricted Funds Fund5 2024 Funds Fundy Total 2023 Salari4 Datiollal insurmce and pension INoic I l) Toys and sn&rks Trips and xtivities 652.554 14.756 652,554 14,756 2,329 589,095 12,665 1.473 589,095 11665 1,473 669,639 669,639 603,233 603,233 SUPPORT COSTS Unr45trACted Restricted Funds Funds Totsl Utwestri¢ted Restricted 2024 Fund Funds 2023 RenL rates and iJJsuraT LighL hoat attd telepbone Repairs alld renewals Household and olearting Athninistration, staff training and welfare Bank Ch￿g¢S Sundry ¢xpcDses LEgal fees Depreciatio Governallce costs Indcpcndcnt examiners fee 65,476 10.419 21.919 9,261 20,6(J3 185 2,351 5.750 2.(X)2 65,476 10.419 21.919 9,261 20,603 185 2,351 5.750 3,056 62,961 9,416 13,981 .735 15.693 230 3.786 5,309 3,083 62,961 9,416 13,981 8,735 15,693 230 3,786 5,309 5.623 1.054 2,540 3,200 3,200 2,960 2,960 141.166 1.054 142220 126,154 2,540 128,094 A.C.E. NURSERY SCHOOL (cAMBR￿￿E} LDAtTED PAGE 15 F￿ANCL4E STATBMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 NOTBS TO THE FfNANCIAL STATEMBNTS io. NET JNCOME FOR THE YEAR 2024 2023 This is stated after charginw. Ind¢pendeDt BxaminatioD ftc Depreciation of fixed assets 05￿¢d by the ¢on)P8ny Operating lease rentals 3,200 3,056 54.886 2,960 5,623 52,071 ii. STAFF COSTS AND DIRECTORS REMUNERATION The total staff rosts for tbe year were. 2024 2023 Wage5 and Sa1￿7eS EtllployeTS NatioD81 lJsur8nce Employers pension contnThutions 572,449 45,433 34,672 515,312 41.9S4 31,829 589,095 652,554 The average monthly number of ¢mploy¢G8. including directors. dwiDgthe year &$ follows: 2024 2023 Direct clwitjble work AdtniJistrativ¢ 21 21 24 The charitable COTnpa]ry Wll5iders its key r(Mnagement personncl (who are also directors of the company) to be the Headt¢acher of the Nursery School and the Day Nursery.kl8nager. ThE ￿taL employer benefits, including employ¢r peDsion CODtril)utions of the key manwent pe￿onnel, were £149,537 (2023.. £150,295). One employe¢ had employee b¢llefits between £90.(KX) alld£99.999 (2023: one gmploy¢e benefkts b¢tw¢¢n £80,000 and £89,999) 12. 2024 2023 M￿ket value al 1st September 2023 Additions Unrealised gain￿(1085￿%) mark￿ value at 31st August 2024 Histfjric&l Ixjst ai 315t August 2024 358,991 16,863 48,270 391,231 19,025 (51265) 358,991 448,437 424.124 465.300 A]1 shares are held in listed equity ittv&sÈments. Investment5 revalued in line with the Stock rnxrket A]1 investments held within uDrestri¢t¢d fimds. Investrn¢nts held within the portfolio that exceed 5V& of the tothl valuation are: 2024 10.54Ytl 28.84% 13.54Vo 16.3V 19.26% 11.45% 2023 9.12Yo 27.03% 14.97% British Laud Company PIC F & C Inve5tmcnt Trust PIC Hend￿&0￿ East lllcome Ltd Hend¢r5on Higb Incorne Trnst PIC Keystone Invcstn)ent Trust PIC Shires tncome Pl 18.840/0 12.55% loo.0￿A 100.(M C.E. NURSERY SCHOOL (CAMBRIDGB) LIMITED PAGE 16 FINANCIAL STATEfyIENTS FOR THE YEAR ENDED 31ST AUGUST2024 NOTES TO THE FtNLNCIAL STATEMEKrs T ANGIBLE FIKED ASSETS CURREf4T YEAR Le4s¢hold Furniture & Jmprovem¢nts Equipment Totsl COST Balauce at 1st Septrmber 2023 Additions 103,726 21,742 2220 125,468 2220 127.688 Balance at 3 1st AUg￿$t 2024 DEPRECIATION Bjlance at 1st S¢ptember 2(123 Charge for the year Balance at 3 1st August 2024 NET BOOK VALUE AT 3 1st AUgll￿ 2024 103,726 23,962 101,777 1.949 17.129 1.107 118,906 3,056 103,726 l8,236 121,962 5.726 5,726 TANGIBLE FIXED ASSETS PiUOR YEAR Leasebold Fun)iture & Iwprovements Equipment Total COST Balance at 1st September 2022 and 31st Augiist 2￿3 DEPRECIATION Bal￿)ce at 1st S¢ptrmber 2022 Cbarge for the year BalAnc¢ at 31st All8￿t 2023 NET BOOK VALUE AT 31st August 2023 103,726 21.742 125,468 97,097 4,080 16,186 943 113,283 5,623 101.777 17.129 118,906 1,949 4,613 6.562 14. D￿￿￿oRs 2024 2023 Lhje after Du¢ within one ye8r one year one year after i)ne year Trade debtors Paymerts in advauc¢ Other debtors 1,630 5,115 3,921 374 5 J25 4.175 2,000 10,666 4,I75 5.699 2,000 J5. CASH AT BANK tN HAND 2024 2023 Fee account Current accounts (including day nuw deposits andmonies held in advance r¢f¢￿Ed to in note 16) Bursary acrount Unitsd Trust Bauk Pdty rash IG tllcome accoutrt 87,572 132.428 87,193 84.642 13,398 SO,￿)0 181 1,575 13.201 60,638 229 1.549 315,154 248,452 16. CREDITORS 2024 2023 Du¢ wtfhiu Due witbi one year one year A£cru&b and deferred in¢ome 149,895 88,537 Accruals and deferred in¢ome includc5 day dep)sits of £28,125 (2023: £29,686) for the foTtbcoming year included within £a5b at bank. A.C.E. NURSERY SCHOOL (CAMBRIDGE) LIMrrED PAGE 17 FfNANCIAL STATEMENfs FOR THE YEAR ENDED 31ST AUGu%f 2024 NOTES TO THE FINANCIAL STATEMENTS 17. COMMIThEE MEMBERS KXPENSES Eigbt directors for charitable putEM)ses ￿e a]50 the Cornlllittee Members were rAid att)tsl of £5,964 (2023: £4,284 nine directors) for reirabursed expenses during the yw. 18. COMMrrMKYIS The compally b&5 paid £34,672 (2023: £3 1,829 in re5M of defined CODtiibutii)ll pellsion5. Atthe year end £6,134 (2023.. £5.322) Mrys due to Scottish Widows for Employees and E4nployer¢ottknTr)utlO￿S. 19. OPERATING LEASES As at 3 1st August 2024 the charity had total conll)lltnMts UTHler non canceiiable owrnting lea5¢S i)ll lalld Dndbuildll￿S duE as follows.. 2024 2023 Withirj one y Between one lo five year5 In more ihall five years 56.293 225,172 516,518 59.292 216,372 461,744 797.983 737,408 20. ANALYSLS OF NET ASSETS BETWEEN FUNDS Restricted R¢strACted Day Uwestrict*l .BLusary Nursery Fund Fund Fund Total InvesDmcnts Tangible r￿ed &85ets Net current assets 424.124 5.726 166.702 424,124 5,726 180,100 13,398 13,398 596,552 609,950 Restricted R¢stricted Day BuTsary Nursery FUZMI Fund UDrestrieted Fund PRIOR YEAR Total Investments T¥￿gi1)It fixed assets Net current ass¢ts 358.991 5,508 154.413 358,991 6.562 167,614 533,167 1.054 13.201 5E8.912 13201 1.054 A.C.E. NURSERY SCH(K)L (CAmBR￿E) LIMITED PAGE18 F￿ANCllAL STATEMENTS FOR THE YEAR ENTED 31ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMEKrs 21. STATEMENT OF FUNDS CURRFNT YEAR At 1st Septemb¢r 2023 At 31st August 2Q24 Gains on In¢onw ExrKndÈbJre ]nvest￿ents T￿Sfer8 Restricted fund5: Bursary Fund DayNursery Fund TO1￿ restrirted fimds Unr¢3tricted filllts.. General funds Desig]ated. Leaver5' fund Total UDrestriCted fimd8 13,20I 1,054 197 13,398 (1.054) (1,054) 14.255 13.398 517,882 1,030 841.338 (811246) 1,308 (1.030) 842.646 {813.2761 {814.330) 48.270 595,244 1.308 518.912 48270 596,552 Total fimds 533.167 842,843 48.270 609,950 At 1st Septemb 2022 At 31st August 2023 PRIOR YEAR Lo88es on Exydittjre tnvegtments Tr8usfeT5 Restricted fi￿d5.. Bursary Fund DayNur8ery Fund Total re5trictsd fimds Unrestricted fi￿d5. General fundg Designated. Leavers, fi]nd Totsl UllTestri¢ted f¢ll 13.036 3.594 165 13,201 1,054 14,255 (2.540) (2,5401 16,630 165 522.07l 1,037 777,465 (730J89) (5E.265) 1,030 (1.037) 778,495 {731,426} {51265) (733.966> (51,265) 517.8f2 1.030 523,108 518,912 Tots] fitt 539,738 778,660 533,167 Bws8ry Fund- This is all account for don8tioDs and grauts for specific us¢ of supportrig some ACE families with childcg cost through ￿ThOdS of financial hardship 8udloT di(fiLult tinie5 for a limited perioiL as well &8 a potential Source of additional fi￿dIng for those struggling financially to pay forchildcatt costs in th¢ loy term. Day N￿Sery Fwid- These wer¢ grarnts receiv￿ in for the developllhent of the Day Nursery and wet? represented in fixed assrt8, which have tkow been fylly dewrfiate Leavers, Fund- DoD4tioThs received from p￿T￿ts of ¢bildren who left in the summer to be sp¢nt on resources in th¢ fortbcomiug yeBr. 22. RELATED PARTIES The charity is run as a parents, ccH)perdtive, as TnQSt of the ditectOT5 pay school fe¢5 to ACE Nursery School {LaLnbridge) L&mite(L Tbcs¢ f￿3 aT¢ paid &t the same rat¢ ￿ all other paTents. Dllring the year £73612023.. £2,218) was paid to S Tuoh). and £4.676 (2023: £1,248) wa5 patd to M Baca for TU3]nt¢￿allee servic￿ at the school. S Tuohy is the husband of L Tuohy. Headteacher and dirxtOT of the charitable company. M Baca 15 the husband tsf H Ocl]aiik-Baca. One of the Day liutsery. Managers during the year. A.C.E. NURSERY SCHOOL (CAMBRJDGE) LIMITED PAGE 19 FENANCIAL STATEMEwfs FOR THE YEAR ENDED 3 IST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS RECONCILIATtON OF L¥COMtYG RESOURCES TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net ¢XpendIt￿ for the reporting period AdJ￿$ted for: DepTceiation charges Dividends awl Interest Invesimentldealing costs Unrealised (gattLyloss in the year (Increa5el/decrease ill debtors IncrE8sd(decre&se) in crfAlitws 76,783 (6,571) 3,056 (22,911) 188 (48,270) (7,142) 61,358 63,062 5,623 117,767) 200 51,265 404 (766) 32,388