JOINT COLLEGES NURSEJiY (CAMBRJDGE) LIMIIED FINANCIAL STATEMEKt3 FOR THE YEAR ENDED 3 1ST AUGUST 2024 CONfEKfs AND COMPANY INFOTIoN PAOE.. Rew¢ of th¢ Directors Indendent Examin&s Report stsiemeM of Fina111 Artivitiex Bhlan¢¢ Sheet Statomem of Cath Flows Not¢J to the Fitt¢111 Stst¢tn¢nts 10- ij The followinB pJ8e dou fonn pth of the Stttutory F1thClAI Stswmeth.. De1 Incorne aDd Exprndlturv 16 MANAGEMENT COMMifIEE.. J Ier L Toffola Y WAn8 B Webb HEAD OF NUKSERY: C Dearn (kn 31st March 2025) S Behkn (from 17th March 2025) REGISTERED OFFICE.. 6B Clwiw Roxl Cambrid8¢ CB2 7F RECISTRATION MJMHIR: 014W29 (crnY limit by guaran¢) KECISTEKED CHARJTY NUMHER: 286096 INDEPENDENf EXAMINER: lan Shipky FCCA For and on behr0E Pr¢ntis & Co LLP Chth¢rrd A¢¢ounlaDtg & Ind¢pmd¢th ExJmiD I IJ¢ NIihon Road CB4 IXE BANKERS: B*Cla Bank Pk POBOX 105 CamFKidge CB23UE
JOIKT COLLEGES NURSERY [CAMBRE) LIMITED PAGE I FINANCIAL SYATEMEwfs FORIIIE YEAR ENDED 31ST AUGUST 2024 REPORT OF THE DIRECTORS The [rUst of the chaT]"tv (WI are a150 directors of the chty for the purtxse5 of the CompADie5 Art) PTe5fflt thEir annual re{ logether with tbe fiDane]at state]ne1 of Joint Colleges Nursery {C4mbridge) L&mited for the >Ydt eded 3 1st Au8USt 2024, whicFL are a]50 prerArd to meet the reqUiremts for a dirtx report account5 for CompaDie5 Ath pur[. Tkn¢ stat•neDts ¢omply with th¢ Cbarities Art 2011, th¢ Cixwiu kn 2W. th¢ Memorandum Artt¢l of A580cIati and Ac£owiting and Rep)rtin8 by Charities.. Staternt of Recommended Prauic¢ applicable to charilie prePwu th¢ir oc4)whts in acwdallc¢ with the TrinAnCi Rooning Swthrd applicable in th¢ UK Kepubli¢ of Ireland (FRS 1021 (effr1Y¢ 151 J8nuar)' 20191. STKUCTUKE, GOVERNANCE AND MANAGEMENr CONSTITLrrioN Tho ¢¢mpany is a eltarithble c4)mpany limid by 8uar8tttre w&$ estsblished on I lth March 1980. Tr MpanY is ¢¢)naliiuied under a memo1dum Arti¢le8 of The coinpanj is a resi¢re chariry number 286096. Th¢ prlncipal obj¢etJ Of the torr4xny are to establish ¥1 ¢wry OD A fiUTsery thol and ¢hildc8re centre forthe inhabiwits ofCambrid8¢. wher¢ children moy b¢ cared fw Jnd b. MF.THOD OF APPOtiirMEKf OR ELECTION OF MANAGEMENf COMMirrEE The MA8¢MrllÈ of the company is th¢ respsibIlitY ofthe Management Conunittee which is elerted gnd cfrorAed rjder the tem of th¢ Arti¢l¢s (Trf Assor1. McmFxrs orth¢ ManwmeThi Commitiee d1clor5 and tnM¢¢s of the charrtabltr compllny. Members who were in offlGc durin6 th¢ period from I Scwember 2023 ¢0 th¢ di1¢ of this r¢wrt ar2 as follows.. - Mr Rog¢r Thrynton IreBI8Kd 12th Aus1 2024) Mrs Nuu)Yhi NarEonDe (res18n¢d 9th Au8Wt 2024) my IATrwua'foffolon Mr5 Anne•lJhure Ni¢ole Lvr (reslaned 15th May 2024) Kiihorlne Inn8 Mr Frcderico Rlbetro (appjinttd 17th July 2024 and reai8n¢d 3(Mh 2024) Miss Beth•ny H•nD8h Grace Webb {appoind 22nd Ocwber 2024) Ms Yun Wang (•pp)inityJ 19th NoYeuib¢r 20241 Mrs Julia LA)mer (4yiinkd 3rd March 20251 , POI.ICIP.S AixyFfFD FOR 114F. INDUCTION AND IXAININCJ OF MANAGf.Miwf COMMirrEE Parents arv ¢ncourdged oft¢r th¢mlves as members ofthe MaNgernent Cornmiltee drnwing on their experie¥ in professional lif¢ pDI¥. Following a PTobation p¢riod during %thich a Ethdidate ob4crvcib MlageMent Commit¢ m¢¢iinp, he or slic may th¢n b¢ onto th¢ Manag¢menL Commi1 and aP[lnIed as & dircclor. Boch new mernbErr¢¢eiv¢s a w¢l¢orne pa¢k with infom)8¢1 on the •nd their duiie$ Is a memF¢r ofthe MllnaB¢men¢ Cornmi¢re¢. In a¢¢ordanc¢ with s1th1t Ytquir¢met)t5, the appropriatr Lkncks are ¢4fTi¢d oul in re8PKt of each member. COpted mcmbors of the Managcmtnt Committ¢e off¢r ihemselves for rtr¢l¢dion at the next an]Jua] 8¢ll¢ral meeti d. ORGANISATtONAL sfKUCTURE AND DECISION MAKfp4G The dITlOTS meet onc¢ a rnijnth with the Flead and Depthy of the Nursery review wud Tnakc mana8ernent dcci510JJ8 with tegard LO 5raffin& hcilKLies and fuwice. 111¢ dicl011s of these me¢tings are confhdentiFJ. 11)c annuah geJ¢r41 m¢¢ting ts attended by Staff, pBrethtJ aDd nwDb¢rs of th¢ M8nag¢jTh1 Cojnmitwy io 8pprov¢ cbangrys to th¢ Mwg¢in¢ni Coinnuttc¢, the &¢¢owils ?pwJininYth of w) illd¢pet ¢xamia¢r. Ikning this rn¢¢iing, the is a review of opernuijns of the Dunery over the past yw as well as * Celei•0 ofxhiev¢m¢nts 4Dd addiiiL)nal accreditation. Th¢1> me¢11 was held online on Tueathy 14th May 2024. ¢. RELATfD PARTY RELAIIONSHIPS The Nursery hi sn aangemen[ with the C&tldBe UniveTSffy P¢es5 and a5$ment (CUP) lo re5ervc five ¢liildcare placcs for the childr¢n olslaff. ITh rec0]1"0ll ola £25,000 b)an the CUP io the ¢ompooy. C8mbridgeUlliversty 1$ the owner of the lease JCN PTemises, f. RISK MANAGLME.Kr The mcmbtrs of the Managernl cornmitt Coolin to e%amin¢ the major 5trHgir, bus gnd OPErational ri5k5 which the charity f¢S conltnn th systmi are in platt io miew the5¢ risks 50 that the nKe55ary steps ca bc takcn to mitigsie exposure to major risks atKI ell5ure medium ?d viability of the nursery.
JotNf COLLEGES NLRSERY (CAmBRllE) LIMtIED PAGE 2 FINANCJAL sfATEYEKIS FOR THE Y&IR ENDED 3 1ST AUGUST 2024 REPORT OF THE DtREcfoRS.... OBJECTIVES AND ACTIVITtES P()LICIES AND OBJECTIVES Th¢ principal artivity of th¢ rnp8ny cont1nu ro b¢ that ofa SCI1 Ind du'ldcare ceth. The Nur5etyy ¢thoi Is ¢t¢ath a Safe. w7rm Ind sbnw]ating ¢Dvironm¢nt in oll thildr¢n C8D thrive, b¢ happy aDd b¢ allowed to explore bt Snqu151tive whilst swrtiD8their l¢arning {kv¢l4ml And othancing their Ilfe skills. The Nursery has grt polKies pr(teths hnd ll 0rIcUluM tIty¢hild¢arC and education. The NuThery fdpli¢y of inclwion for dis&bl¢d thildrn •nd Ihxs wt exclude childreu for religious re480n& The Nursery seeks to r¢tsin swff by fostrriD8 Positive wkpI< Wrllbeingaod swsWtiThg ow stsff through good 1Ing opportiti tt> womotc per •Thl Jxofessxwl d¢velopnthL b. STRATEGIES FOR ACHIEVTNCJ OBJEcfivF.S The NurJ¢ry is 11¢¢T¢d wtth oF$..D whi¢h MlIOrS the NAtt'on&l Swidards of childeare provijion and edue41ioL. All nur8¢ries must comply with nurs¢ry standards by OFSTED And dejnonstratr their provision durittg unannounced OFSTED inspertions. OFSTED InSle JCN its MAY 2023 th4 ryettably. JCN wu aw4Tded the of 'I[ul1¢.. AJ a resuk the Committee Head ofNurscry bu511 a compr¢lxnsiv¢ aaion plan eacli poini in the reporL Following 'ork by all members ot'the slaty, OFsfED lUrned and recoyisoj the hud work and uwllrded the nurscry thc "Good" 1Th8 in a rtriDspecuon in Novemlxr 2023. Following this insp¢¢¢ion. w¢ would not expccl gnothcr Inyction for another five years. Howevu, following ihe rerirement and apN)inthKnt of ll new Head of Nunery, thL5 IllEy tr188cr unother 5p¢ciiOth in the ncxi twelve Mon. The Staff conliDue5 to fwij on (otnpli4ntt and proortiv¢ly lookj.ng for oprtunitieS to bnprove (he seitin8. . ACTIVITIES FOR ACHIEVING OBJEcfEVES The Nursery reco8ni5es tht every child deserves the possiljk 511rt in life and support that ¢nabl¢s them 10 Mifil their poientllLI. Children develop quickly in th¢ urly year5 awl a ¢hil(fs ex&Yri¢nc¢ beiw¢e bitth a8¢ oc 5 hAve a major inpact on their futtlre life ¢hnn¢es. W¢ belie ¢hal good pty¢nt wmvthip is ¢nKial for the he•lthy dtvelopmcm o(th chlld. Parents who Ire Invo)J ID th¢ir ¢hild's ¢ar¢ #nd learning will feel Confident w hAve a tru]ng relOnslP with the Nursery in Iwn helps our children feel safe and be in i good d1sF$&I1 len. Activili¢s and resourc¢s are platttted illfrntiwuuy lo pte deveknpmeni c(wuni¢ation. languJg¢ •nd phys11 develop. accordin8 to tbc children's ifttrr¢ 05 thildr¢n karn ttt¢r ti¥l¢S to thcm. To Comply wilh Nation41 Child¢w¢ P)]0 Sia[th all must underso FJthanced Diaclryr and Barring S¢rvicc ¢he¢ks and provide suitable relcTrtxu. The NurJ¥ry mhintAins the Jthff to child rntro in witb requircmeDts. To maintaIn qua]ily thildcaTE arKI ethi¢10 the Nwscry trains a1 UPJ xaff wLarty. JCN ve# its staff and caTes for their wellbei Th¢ NurKry pthc¢s a Signif¥1 emph&siq on sthff training and &velopmen4 particularly in tkn¢ llrea of &if¢gUdIngj and Child protli0n All s¢atYreceive ¢(xnprehonsive trninink th)u( the saf¢guarding l1¢Y and the prEdeY to follow in the eveiii of a ncern atrrt)ul a ctlild or a colle4ue. Morty)v¢r, all r¢ceiY¢ inthction trdiDing so thai thcy #re clear atrthi their rok and respoJ)sibilifieS. ln addilion. the Nursery provides Ongoing eff1¥¢ supp)ffj thin8 traiDill8 50 thgt 911 stsff woj&illg wilh ¢hildrcn hav¢ th¢ knowl¢dg¢ and skills to fulfil ihEir rnles suCcessfiy. attd prornol¢ th¢ int¢r#s¢ of rhildtEn. ThE Nur5cry a150 ¥n¢oura&es staff to Dot only maintain their Curre wole55ilMLai thvelopmenL bu¢ to PUT5U¢ tLighEr qualificatio. In the year in r¢ii¢w, we Continu to 5UPPOrt our staff to take on and su¢¢¢&sfullv achL'¢Ye their b]'.gher level NVQ qu&lifJcatiO. In order to Continue growing 8 pipeRiTre of qu81ifJod praCtt(ion¢ we twve also taken on aD Apprcntice this ye4gr. with plaDS to rdkt on aLother Apprelliice. SUPFthiDg them wilh traming itii15t worknng p&rt of the JCN ieanL
Jowr COLLEGES NURSERY {CAMBRIDGE)LtMtIED PAGE 3 FfNANCIAL STATEMENTS FOR THE YFAR ENDED 3 Isr AUGUST 2024 REPORT OF THE DtBECTORS ............J¢oniinued To mainmin good p9rent-5taIfrelati0%hipl the Nwsery holds regu]ar s(Kial and fundr&isti)g events. In th¢ ytir in r¢view w¢ h)ve held Summ¢r BarFwue. ChrESti Pb0sht sessions for fithsin&.Mtsthee5 Day alkmM tea, pareni off¢¢ morn1t. aNI stsy 8nd play se5SiOD ACHIEVEMLNTS AND PERFOKMANCE . (iOIN'(i CONCERN Aft makÈng appropri? ¢ThquiriLY, th¢ hav¢ B ye&1&ble expECtth thatthe compiny hu ad4uatV YE50urc to continuc kn otmtional extsten¢¢ for the forL8¢¢able filllwe oll the wumption thai loan repayments wdl continue to bc met from currertt income. Fcff this YeA9( they conttDu¢ to thpi the goin8 cor¢¢rn b1$ ID preparill8 financi statements. b. Rr.vtEw or ACTIvrriEs JCN provided nuryery carn and edu¢tti(th for up 10 57 childvm iti the >w, with Do Si]ricant ¢hJng¢s to 4Ctivlty of tho company in the year. on.going J18ff training h&$ beth 1M)d by the company for the contiDu¢l develowient of sthff hnd ¢hildTen. W¢ ¢tsntilluttl to the ¢dubOndi ond p&swral llc¢ds of the childre The Nursery i% ac¢iv¢ly d¢velopinB th¢ currIbn TQ ¢nJiir¢ It clt4rly ]deIrS whAt li is thai all children nttd to how thi% rcflects ther individual needs mI olTu5 apwoprix¢ ch4lkng¢s ty h¢lp th¢m mak¢ good progre85. This ¢ommilrneni 10 an evolyins and toilored curricubjm 1$ (enw the Nun¢rYJ mi1sion to provide the possible stsrt in life t(Y ¢v¢ry child under iii c. We conilnue ¢0 Inve la our Intorn external to provide • Afe and ¢nvironm¢ni for the thlldron. The NUrry eoniihue<l to children develop 8n)SS motor skn'115 and 5PYltial awDrenc5J of their own physic41 abilitie5 whilsl gainLll8 confidence bnd fithess through variow physlc81 and Jw)rting a¢iiviLies orynisEd tltroughout the )rJr. JCN provides a vast sele¢tion of baian¢¢rybike8 and bi¢1¢& u) uier foT ¢¥¢ry 5tsge of rhjing Jki115 and Abilitics. L¢&rnin8 does only take pla indoon. W¢ thke karning outhMYS in th¢ aaivili¢8 gam¢¥ Play to ethBIicc mimr1 and literacy skllls. Th¢ Under Two$ 1¢8m C<5nUj d¢v¢kw th¢ s¢n5ryy gbrden witli plLrbts thc Ghildrcft ran smell ld t&%te 11 ts mu9iC41 wlThJchirK& Th¢ mud kitch¢n Jnd mu8]¢ wall wih pots and pa ¢urtF%r enriched outth)or experienc. We contlnued to bulld on our gu¢ceufiJl For¢K Scknl x9Si(ms. Sch1 8es8i(w are part of the ¢hi]dren's wttkly activitiey and t#ilored 10 thtir age ¢abilitieS with an aim w help them gdin confidence in them5elv¢s Id grow An llprffectstion for th¢ •world. Risk B¢ncfii Assess u¢ wintsined so that they aye roburt and up to date. The children contimje to help mJk¢ MIntiOnS to th¢ community. With th¢ir br¢si ¥he¢, tlw pwticSpa hj IILter pi¢kn'n8 reBuIlY to k¢¢p th¢ ftn ¢le¥n' enjoy thos¢ a¢livtiio5. C8tnbrid8Q iB A cosmo17 University city, th•t K¥ Yrtle¢41 in ow multi¢ul¢ur#l familK8. W¢ ¢elebrgts ihi$ diversity in the meg13 at luTKh and tra fime. multi.lingual ayjd s(K)&s and 5ti)rics thAt the Ghlldr¢n shor¢. Pgrents Rnvrtedto show Dnd 5hwe with thc childreD al1 thr festivals that cejcbThtI around the world. I'ILe babies ve encouraged to develop their conuniCI1O skills bv Sin8in8 and Si8nirb& lTh£v havc bpcn sigrJin8 oi i>n]y in nursery but have been extrndin8 thi4 home. S( M8tys jOr s01 h8$ ¢r8ditKYwUy be¢D invitiD8 JCN staff theiT Exrf0TrDM with th¢ ¢hildr¢D. pn)fessi(ffiai pres¢Dr81ioJL8 for 1¢aCng p¢rsonDel gu¢h iD th¢ E¥rly Y¢ors, 8nd oth¢r 90¢iai ev¢pts furthcmore. JCN has an anaDgwn¢N th8I SL M8ry's will ac¢omnyMJak ow ¢bildm on th¢ir w<¥nis¢s, should JCN need io evacuaie the Nursery it180 emergency siiua¢ioll. Itt rew1 JCN . Matyy staff ¢S when they have staff trainink ¢vet)ts or socia] thnrfiom. have been vaknble irt Iwilding Thei#hbourly relatiOb)ship. With Tegard% tt> th¢ publiyhe¢J guidance from the Charity Cowllnission on the operation of th¢ Public Ben¢fii TequiTement und¢r th¢ Charili¢s Act 2011. JCN fully fjJnd¢d Sw)d0C plS under the EaTly Yeays Funding S¢hem¢. We aT¢ reviewll th¢ Nurs¢ry f2¢Iliti hi l1¢Y in light of n¢w social distancing measw.
JoIKr COLLEGES NURSERY {cAMBRIE) LITED
PAGE 4
FtNANCJAL STAIEMENfs FOR THE YBAR ENDED 31sr ALGUST 2024
REPORT OF THE DIRECTORS......
W¢ hav¢ si8nificani Cl8¢5 ID IAdership Tewn with the retiM)Ml of thE Hed QfNmY and the Deputy He4d
5tepplng A thoro and robust Tt¢ruitirtent prctt5s kns bee# undrtheD. A nEW H¢4d of Nursery h8$ beffl
extvrna]ly. with $igntfiL¥nt experiee ID leknship roles ID the LknAi¢5 hmally. thvy strJt¢d'
c. RISK MANAGEMENT ANT) ASSESSMENT
Tisk8 which the thity frK¢$ and tth that systems Are ID pAt to review these Tisks so that thr ])ècrsgory
FNANCIAL RL.VIEW
•. RkSERVE H)UCY
keep an Appropriate op¢rnting rts¢rve thii b¢ inve4ffd io intEre5r pyDblo, but Th)t to be restri#d for
lon8er thatt t¥Yo morth8. Th¢ level of re5eTVe will not than two rM)nthJ' exN4JdTtwt thd MU be
%utTici¢nt to rep•y dep118 held and the £25,0 frorn C4mlxid8e tlniyersity PSS Asye$MDeM. The
MtUW8¢mtth C(4rnbittee will reviewtr I1 of the re5¢rbr fr[ tlm¢ to li. R¢YTVa at thi y¢r ej im lio¢
w?th th¢ policy.
b. PRINCIPAL FUNDJNG
The NurJwl5 main Jow¢z OffwDIS ti thu fea of ¢hi1&4T
The Nwyery rett]v th¢ Ewty Ye•5 Fundln& ftr qualifyiti¥ elth frnm 9 old Th¢ fuDdin8 b for ttr4¢ t¢rmJ
And T¢acheJ the awjunts kn six pym
PLANS FOR THE FLrruRE. FUTURE DEVEtA)PMFN13
The NwJcry will Con1U¢ ts) rnBilltall4 atsd
re sali8fled that thry give athl fair view of the Alte ofaffJir5 of th¢ rnble cornpany aTyJ ofthe iw)mitt¥
resoue$ and AwlictiLm of rraourt¢5, including the income Ind exkKndilwA of the ehaTithble comp&ny for th selea sultsbl¢ a¢¢ountlll8 polkiB5 Ij appty consisteDty. obswv¢ the m¢thod¥ Frinciples In tho Chllrl(kx SORP. Djake jud8cments aroyjming estimat¢s rernbk ptth¢ slate wlthr w11ble UK a¢¢oun¢ir stsnd•rds followryi ajy mriAI thpthwe8 disclosed and exp]&Sncd in th¢ stskments; prepare the finCial 5tlltrrllts thE going wncmn bmis 1¢ ig to pr¢sune thatthe The membor9 of the co[rille¢ arr TE51b1¢ (or keeping a<kw accounimg re(ords th dis¢loye with TEasonable 8t alry tne the fu71 wition of the ¢harrtsbl¢ ¢oMpY 8Dd enable thtth to ensure thllt thE financial statenh¢nts comp]y with the CoTllPHlliC5 Act 2W6. They are 81so re5POL8ibl¢ for safeguarding the a55cts of th¢ cbtritable coD]P8Dy opd h¢nLY for tikin8 reAllbIe • for thr TxeveiKffj (IxeAion of otF*r Iire8ulaTilies.
JoIKrcoLLEOF.S NUIISERY {CAMBRIDGB) LIMITr. FINANCtAL sfA1TMEKtE FOR IHB YEAR ENDED 31ST AUGUST2024 IILPORT OF TTrIE DIRECn)RS ............J¢otyinul This wort hb6 kn partd In accord¢¢ wbJ¢c¢ kb th¢ small ¢ompgniasre4kn¢ withtrt IS ofthtCthnJnkn Ad 2. 15th AFwfi 2025 sIRnL1 on their irby: KA INB J INNS I)IRtrnfoR
JotKr COLLEGES NURSERY {CAMBRIDGE) LIMITED
PAGE6
FINANCIAL STATEMEYfs FOR THE YEAR ENDED J 1ST AUGusf 2024
)EPENDEKf ExAMR5 REPORTTD THE TRUSIFFS OF JOtNT COLtEGES NURSERY (CAMBRIDGE)
LIMrrED
I report to the charity Tn]5te¢s on my eXamion of fUla1 Itat¢M¢ ofJoint Colk8es Nursery (Cambridge)
Limited for the ar endcd 31 Augus12024.
RESPONSIBILITIES BASIS OF REPORT
AS the'l'n]stees of the rbarithblc CoPanY (attd A160 its dir¢aorn frx the of c4)mpmy law) are 5JL41bl¢
for th¢ PT¢P8rntion of the llccounts kn COrt vith the rnquir¢ments Ord C4wie8 Act 2006 {the 2006 Acl).
Having be¢a sotisfi¢d thutth¢ accrAmts of thE comtAny TLOI required ts) be 411[A uoder Part 16 of the 26 Aci and
are eligibl¢ for ind¢pend¢nt ex4minwiot4 1 re[ in respECt of my examination of your th&ritable ¢ompanls &ccounts
as carri¢d under Section 145 of the CbaTiii¢5 Act 2011 (the ?01 l Acfj. In c1n8 0th my examination I h&v¢
follow the Directions given by the Chwity Commimion uDder SrftM)n 145{5Kb) of the 2011 Act.
INDEPENDEKf EXAMINERS. sfATEMENr
Sin¢¢ th¢ ¢tLVLtabl6 ¢(uhpatsYs gross income excttded U30.000 y¢xy exwminer rnt member of • body Ilst
in 8¢dion 145 uf the 2011 Act. I l Hm qUAlified to undenth¢ the examination b¢¢xu l am & membtt of
the Assocwtion of Chartered Certified A¢countants thi¢h is on¢ of th¢ lis¢¢d bodim.
I hive compled my eX&mitl I conllrn th&L no mattm h&ve colne my atterbiion in corme¢kn'on with th¢
exttminion giving me ¢auy¢ lo bclieve:
(l) ll¢countin8 rec4)rds were not kept in r¢5P¢Ct of the c45mpJny u tcquittd by Se
jOT COILEGES NURSERY (CJLMBRIDGE) UMIIED PAGE 7 FINANCIAL STATEMENTS FOR THE YFdlRENDED 3 1ST AUGUST 2024 STATEMENT OF FINANCL4L AcIivfiES Uthtrirted UnrB5trietcd Fund5 Funds 2024 2023 INCOfvIE DettIOnS at)d granLS Charithbl¢ a¢iivllieo Invesull¢nt$ 856 739.558 12,293 2.023 723.015 2.146 TOTAL INCOME 752,707 727.184 F.XPENDITURK Charilablc aclivitl 743.172 729.313 TOTAL EXPENDrruRE 743,172 729,313 NET INCOMEI(EXPEINDITURE) ATriD hT MOVEMKhl IN FLNDS 9,535 (2.129) RECONCII.ATION or nJNDS Tothl fundy brough¢ forward Total tbnds ¢arrI fOr4d 17 484,233 486,362 414,233 493.768 Th¢ Stgtemeni of Trinanciaj Aciivilies includes all 8airLq al It8tS re¢o8ni#d iti the >w. All in¢0Mjg reM)UTttI and rtsource$ ¢xpcnd¢d dcrive from CODiinuing tle& Th¢ rtoie$ on p4e$ 10 w IS forni pwt of the4¢ $tatement&
JoNr COLLbOE8 NURSERY{CAMIIRItX3E) I.IMIIED (01414429)
INANCIAL 8TATt.Mwfs FOR TIIB YEAR 31ST AWUST2ts24
BALANCE SHEET
2024
FIXED AssTf8
T8ntJblo
10
167.492
115J47
CUKXENT ASSFIS
D¢bts
CA8h tht wnd
9,561
460,027
469,581
10.5
442296
12
TOTAL CURREKf ASSB13
451823
LIAIIILJIIES
Crtdliorn.. hJlln8 wlthkn yur
13
(IllJ12)
(121.9371
Nfl. CURRLINT ASSETS
351,276
J11,768
323,186
509223
'rorAL ASSF,'IS LF.8S CURRITrIT LIABILmE5
Cr110. •ftwt• du¢
14
(25,000)
493,761
12J,OQO)
484233
NET ASSEi'S
THI FUNDS OF THE CIIARITY
17
493,761
484.233
Th¢ dh¢tW5 ¢iwkkr th iht ¢qnpATry h 1111¢d IITMn tho tt> I11 der
pnTrvSiivnJ ofscLtlon 477111 orth¢ C•np•ni¢J A¢1 2006. M¢mbm have nol rryuiTf44 tho ¢oJnpaThy und¢r sl0th
476 vf ibe CompaAl¢s 2000. to Dbialn Audit rty the yew en&d 31sl Auwii 2024. Th¢ direcTI McknowlL
Iliolr iLponiibilitl(3 foT thwrin8ihNI the c1xnpY keep whkh cLynpty with 5¢rtioD 386 WKI
3¥7 of Ihe Comyni¢s Act 2006 and for wepllr1 sw¢me9 SI R InK and f•lr view ofilie st8
ofalTalra orth¢ e
JoiTrrr COLLEGES NURSERY (CAMBRIDGE) LIMrrED PAGE 9 FtNANCIAL sTATEms FOR THE YEARENDED 3 Isr AUGUST 2024 STATEME OF CASH FLOWS Total Funds 2024 Funds 2023 Ci$h I'lows for (IperAtSllg Atttvttlej: .¥¢t cash wovidtyj b), operning activities 20 11.727 53,764 Calh Flowi Irom InvtttlttE Attlvltlt&" Investment incom¢ Pur¢h4s¢ orgible fix¢d asg¢ti Net C•yh Uied in 1oVUtln& Artlvld¢s 12.293 2.146 (6,289) (26,9691 124.8231 Change in cash #nd ¢aJh equiYJl¢nts in th¢ reportin8 period 17.731 28.941 Cash and cash equivalemi ot the beginnin8 of the reportlng period and ¢uh equIvents * th¢ rnd of th¢ reportts)8 penod 442396 413,355 4,027 442.296
Jo[r COLLEGES NURSERY (CAMMRIDGEI UMITED
PAGE 10
FtNANCtAL STATEMENfs FOR 7Tr YEAR ENDED 31r AUGUST 2024
NOTES TO THE FtNANCIAL STAJFJ(EKFS
AccouwrtNG POI.ICIES
1.1 BASTS OF PREPARATION OF FiNANCtAL STATEMENTS
Thg f¢11 stai¢m¢nts hav¢ be¢n in accordDnce with the Sw¢ml of Recotnn)end¢d Prattice
(SORP):" A¢couniing Reponins by ch4riii¢s- pr¢pgrlli8 th¢ir accounts iti xcorda]Ke with the
Finanrial R¢porting Stajhdard applicable in the UK ?1 R¢public of Irelwtml (FRS 102) lelYe¢tive 1st
January 20191 '. (Clwi¢les SORP IFRS102}), th¢ FIDan¢1 R¢por¢m8 Standard applicable in the Unid
Kinsdom alld Republic of Ir¢land (FRS 102) aad the Comwiies Aci 2006.
Th¢ tharity cottrtitsrt¢s i pthlk ben¢fjt entity u defuxd by FRS 102.
'Th¢ dir¢ctWS COD5ider th&t thqre tillter1 eIlAtieS abwl th¢ abi]ityto eonliDue as a
going con¢e
1.2 FUN'D ACCOUrthG
Uwestrlctrd funds comprise thoge funds wtiich the dtrECtor% we fiyt to use for any In firyth¢nrKe
of the th1[able objeffls of th¢ ch•rity wi wthicb have not betn desIad for other pww$.
1.3 INCOME RECTIoN
All incom¢ is recognised once the ¢trwiiy ]JM emideme¥Ai io th4 iom¢. thwo is sutTi¢i¢nt ertiniy of
rtteipl Jnd 50 Li is probdbie thlt the Uhcome will be rtt4ive4 and th¢ aMCrt of uicom¢ wivabk can
be m¢4sured reliably.
Domted are inclu¢kd in I0¢ &t Y10 which is m estim of the fir141 cos¢ born¢ by
Ihe donor ther¢ such 4 uJs1 is qu8fflifJable and mcasurnble.
ItKon r#¢eived in AdvarKe is wri¢d forward tht Ls deferred income on tho Bal¢¢
Int¢rut on tIryM15 held ffl dep11 is Incl WIM re
JOJNT COLLEGES TrJURSERY {cAMBRE) LMTED PAGEII FtNANCIAL STATEMENfs FOR THE YEAR ENDED 3 Isr AUGUST 2024 NOTES TO THE FtNANCIAL sfATEMEwrs 1.6 TAN'GtBLE FIXED ASSFfs DEPRECIATION Tangibk fix¢d ass¢ are Ststed at ¢oJi less deprslL Dcpr¢Eiadon is provided on all fixed assets w rates ¢alculakd to Mritr-off the Cts Ic$5 estimattd re5wJual vakn of rath a5s¢i evenly ov¢r thelr ex[1 uxful liv¢s as follo Furniwre. fittin85 And tyuipmejkl IEa5ehold land and buildin&% . 25% straight line . on a StraJ8hl lin¢ b15 overthe wod of the lo 1.7 DEBTORS Trad¢ and other d¢btor5 we rec98n15 * the 5etti¢m¢nt 1.8 CREDrroRS CrlitorS Are r08Dled WIre the dwity Iw 4 FVBBent d>liytiO# Ttsuknn8 from a past •vthi that wlll probabty result in the transfer of to 4 third torty and the amount due to stttlc the oblig10 cm bo me&8ured or esiirnaied reliabty. Creditor5 are normolty T¢11¢d •¢ th¢iT J¢ttlement livAL 1.9 PF.NSION COSTS The chgriiy ormtcs a de15ned contrlbuiion pwlon scheme. The 859ds of xheme 8Te held sQPWJtcly frnm thiis¢ ofthe thwriry in indcpondtYLdy admini5trred futh. Contribuiion5 Qre charged to the Slat¢m¢nl of Fin141 Aaivitie4 #s thty fyll d. LEGAL STATUS OF THE CHARITY The charity Li a ¢(xnpw)y limited by guarantre. The rnembers ofthe company 4rc the slaff and pircrtts of hildr¢n who ai*nd thc nursrry. In th¢ evcni of the ¢ompany being wound yp, the liability in pect or th¢ guuantee IJ limltrd to £1 per rncmbcr of the tsiiy. INCOME FROM DONATIONS AND GRANTS UDrestrict¢d Unr¢sirk¢ted Funds 2073 2024 IX)nations Grants 50 806 989 1,034 856 2.023 INCOME FROM CTrJARrrABLE AcnviTIES Unrestrirted Uiireslrictc 2024 2023 Re8istration And tturstty fe¢8 739.558 723,015
JotNr COLIEQES NURSERY (CAMBRIDGE) LIMJTED PAQE 12 FINANCIAL sTATEmErs FOR THE YEAR ENDED 3 1ST AUGUST 2024 NOIES TO THE FtNANCIAL STATEMENrs EXPEhl)rrLIiE ON CHARITABLE ACTtVITtES CURRENT YEAR Support Coll5 (Nole 6) (Note 71 2024 ch11{bIt act[11¢5 628279 114,893 743.172 rxpr.NDITiIRE ON CFIARrrABLE ACTIVITIES PRIOR YF.AR Direet Supptrrt Tolui 2023 (No¢¢ 6) (Note 7) Charitable aciivities 601,717 127,596 729,313 ANALYSIS OF DIRECT COSTS Unrestric¢ Unro9tri¢t¢d Funds Fullds 2024 2023 i¢J, Natiixul InsuratKe 8rMI pensions (notr 9) Nursery supplles and aciiviii•8 Food FtyVi$iI)ni 533,982 10,648 83,649 519,314 5.074 77,329 628279 601,117 ANALYSIS OF SI)PPOKT cosrs Unrestricted UDr¢slTi¢i¢d Funds Funds 2024 2023 Renl, rates And ins1¢¢ L hL Ile *lephon¢ cleIn8 ctewiou mthri811 Cliniclll wiste (iardenin8 epair5 TtnewTrlJ iiecruillt ond 5thff trwin8 Stalioocry. priniin8 Jnd w5ta8¢ Subs¢ripiioTh BoDk ¢iwg¢s Sundry exp¢ns I)¢pr¢¢iaiion 9,409 11,262 32266 2,059 8,844 12,606 6,154 1,590 2,607 137 9,871 9,653 26,106 1.799 8,665 40,938 908 1.418 2,054 394 22,270 24,144 Independenl examifjation 3,313 3,379 114,893 127,596 NEf INCOME FOR THE YEAR 2024 2023 Th18 Is stated after char¥nK. Ind¢pend¢nt e¥In•ln Tndep¢nd¢nt ¢xwnina¢ion ndroVIded for in 2022 D¢pr¢¢iation of fix¢d ass¢LS owned bythe company 3.313 2,972 407 24,144
JotTrrr COLLEGES NURSERY (CAMBBJDGE) LIMrrFD PAGI 13 FtNANCIAL STATEMEYfs FOR THE YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FtNANCIAL STATFMENrs STAFF COSTS AND DIREcfoRS RFJlUTI0N 2024 2023 The ts1 Staff costs for the w *w¢:. Wag¢s and s81ari¢$ ployes N&ionai InswaDc¢ FADplo>tr$ pellsion contnlxrti( 495.752 28.878 9J52 472,394 35,271 11,649 519,314 533.982 The DveTa8e tDonthly ttumbtr of ¢mplo>w was 16 (2023.. 19). No employee r¢ceivtyJ rvmwiernlc of oxtt than£60.000. 10. I'ANGIBLE FIXED ASSErs CURREKf YEAR Le&8ehold Fwniture, land fittin83 Ind buildiogs quiwncnr Totsl COST At Isi Sepiemb¢r 2023 Additi(ffis 337.635 212.175 6289 569.810 6.289 At 3 l$t Augusi 2024 DLFIRF.CIATION Al Isl S¢pt¢mber 2023 Charge for tILe ye4r At 31st Aus1 2024 NP.I' BOOK VAI.UE At 3 IM AuBw¢ 2024 357,635 218,464 576,099 201235 143,228 12,972 384.463 24.144 212,4Q7 196,200 408.607 145328 22364 167,492 TANCIIBLE FIXED ASSETS PRIOR YEAR IK45¢1M)Id Furniture. land 4rYl rthiTr85 attd buildin ¢quipineThl To1 COST At Is¢ 8wember 2022 Addition5 357.635 183,206 26,969 542,841 26,969 At 3 lyt Ats8usI 2023 DEPRF,CIATION At Isi September 2022 Chor8¢ for rh¢ year At 3 1st Ay8USt 2023 NEf BOOK VALUE Ai 3 Ix A8t 2023 357.635 212.17S 569,810 190.063 11.172 172,130 11.098 362.193 22.270 201.235 183228 384,463 156.4tJo 28.947 585,347 DEBTORS 2024 2023 'Trode debtar8 Other debwrs Prepaymon 2,969 65 6,5?7 9J61 4,077 331 6.119 10.$27
jOIr COLLEGES NURSERY (CAMBRJDGE) LtMfTED PAGE 14 NANCIAL sfATEMENfs FOR THE YEAR ENDED 3 1ST AUGUST 21r24 NOTES TO THE FINANCIAL STAIFMENTS 12. CASH Af BANK AND IN HAND 2024 2023 116.677 194 343.156 186.947 349 255,OOQ Petty CA5h Savlngs acwunts 460,027 442,296 13. CREDITORS.. AMoUFs FALLING DUE ONE YEAR 2024 2023 79,078 9,706 A2,866 18.395 354 16.736 Irade croditors Other (reditors Ac<ruNls ond defur¢d iD¢fMDQ Social Se 29.468 118.312 128,937 DEfERR£D INCOME 2024 2023 Defted income 2023 Incorne deferred during the ye mounts relf¥s¢d from Previo years Deferred inc(ne at 3 1st Au8ug12024 13,360 10,163 25,711 l ),J60 (13,360) 110,163) 25,718 13.360 The bthnce re¢0 flIng rKoived fr(rfn Cwnbridgeshrt Ctruthiy CowKil. 14. CREDI'foRS'. AMOUTraS FAtLING DUE MORE THAN ONE YEAR Crpditor4 in¢lud¢ amouthts noi wholty r¥p#y#bl¢ within 5 follo. ilepa)ubk othes than by (see ntrt¢ 19). 2024 2023 25.1)00 25.000 13. COMMITMFNtS The company h&8 pald £9,35212023.. £11.649) In w of dellned ¢Otitribuikn pttslons. Ai the ye end there a credilor ofEnil (2023.. £1,915). 16. OPEIIATING LEASES AJ at 3 1st August 2024 th¢ chwily h•J total c(rnitm¢nts UTMler n(ffi C11•b 01& le4ses •8 follo..- 2024 2023 Expiry date.. Betweth 2 S y1 1.145 17. rATEMENf OF FUNDS Ai l# Sepiember 2023 Al 31$1 Augu$1 2024 Income ExFéndilur¢ Unr¢$tri¢ted fullds 484233 752,707 (743,172) 493,768 STATEMENT or F4Ds PRIOR YEAR At l# S¢rrtmber At 31st August 2023 Unrestricted fi 486,362 727.184 (729J13) 484.233
cotLEGES NURSERY (cAMBRE) LIMfIED PAGB 15 FINANCtAL STATEMENfs FOR THE YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENt5 18. ULTIMATE coNfROLLtNG PARTY AN.D RELAIED PARITÉS Throushout th¢ year the ¢Jwity Joiott). C4)Dtrolkd by th¢ Mana8¢OWit CrrfDmitt£e. The rnttnbrts ofthe Mana8em¢nt re¢¢lvtyl rmunernio bMetlts in kiThd or r¢imbuT5ed expenses th18 the year {2023.. £Nii). Th¢ key mall¥etnent personnel tOmFYk%e ofthe Head of Nursery and Depw He1 ofNLW. The k¢y maD&8etllent persoDnel eiVed & totsl reMu10n of £105.489 dwthg the 12023. £99,050). Seyeraj of the director8 pay nUTxery feu frftheir OWlL ehllthttt to attethd the nuJYery. These feu w¢ p&id th¢ J•me rnte •3 ill oth¢r prn 19. FINANCIAL OBLIGATIONS In 1994, an advance of £25,01)O wds reCeid from Cwnbn'dge Univmity Prnss. This lo is int¢mi fr¢¢ and is unly due for repaymeni if the Nurgery is liquided or the 4gTc¢m¢n¢ Cambrid8¢ Universliy The Nurxry eniered inlo a peppCrcl with the University of Cnld8c commencing in 1917 in respect of the promi>cs which th¢ Nwsery is sitstcd: the terDU of this expire in 2037. 20. RECONCtLIATtON OF NET MOVEMwf IN FUNDS TO NET CASH tILOW FROM OPERATING ACTIvlEs 2024 2023 Net irbCOTnel(expendiuro) for the reponAD8 p¢nod Adjystcd f.. t)¢pr¢ciaiion char8eJ Inv¢s¢ment income D¢¢rc4LSQp'lincrease} In debt Increa/{d¢el in crditots Net ¥h wovidcd by opmtill8 tivAl• 9J35 12.129) 24,144 22,270 {12,293) (2,146> 966 3,028 (10,6251 32,741 11.727