JOINT COLLEGES NURSERY (CAMBRIDGE) L]MtTED FINANCIAL 5TATEMEYTS FOR 1TIE YEARENDED 3 1ST AUGUST 2025 Co￿[ENTs AND COMPANY fNFORMATION cowrENiB: PAOE: Report of the Directors Independ¢rit ExamÉller￿ Report st¥eMe￿ of FitMA¢ial Activities Bijance Sh¢ Sta¢¢men¢ of Fh>ws No*s io the F£nan¢iwl $￿e0￿nts 10- 13 The followiTh8 pa8e does fonn partof the stattrt￿ Fillanci￿ Ststrmonts.. Detail¢d In¢orne llnd Expenditi￿ Account 16 MANAGEMENT COMMITfEE.. L Toffol( B W¢bb AiAw J Woodm• RFAJISTERED OFFICE: 6B Chaucer Ro C4mbridg¢ CB2 7EB REGIS1'RATION NUMBER: 01484429 (Cry•Ly limityl by guarnofte) REGISTERED CIIARITY NUMBEtL' 286096 INDEPENDE￿[ EXAJAINEIL. lon Shiplry FCCA F'or on b¢half or. Pr¢fflis & Co LLP ChArtered A¢¢ountsnts & Indepelldent Examiti 115c Milion Ro&1 C4mbndge, CB4 IXE IIANKF.RS.. Bar¢layy Bank PIC POBOX 105 CAmbTidge CB2 3IJF. JOM COLLCGES NURSERY (CAMBRU)GE) LMTED PAfjE I FINANCIAL sfATEPrtENfs FOR THE YEAR ENDE[) 3 1ST Aufjusf 2025 REPORT OF THE DIREcfoRS The trustees of th¢ clwity {Ntho are also dir￿10￿ ofthe charity for the purposes ofthe Companies Aci) pr￿ent their attllual r¢port together with the flnancjal of Joiftt Colleges Nutyery {￿mbrIdge) Limitrd for the vear ended 31si August 2025, wbich are also prepared the requirenmts fct a dtreth)rs rqxmt fiDd wounts for Comparues Ac( purposes. The fkttaneial llatemeftrs ¢￿￿pIY with the Cl￿111¢1 A¢t 2011, the Compffii¢s Acl 2006. th¢ Mem(1￿￿￿ and Artitl¢s of Associ4LLon, and Accou)iin8 and ReF4JnitL8 by Chuitim.. Stw¢m¢n¢ of lng an inwo(kn¢iory peri(Id during which a obJerv¢$ Mwiagemeni Ctsmmitiee Meelitt￿ wtdlor fe¢eives a briefing from ex1￿1n8 Monigtynail C¢Jnmilttt membern, lie or she m¥y dien bt C￿¢)pted 0110 the Manag￿t￿l Coimniiitt arid s direcfor. FAth new mthnber receive8 a ￿kOMe p8Lk wilh infiTrrnaiion on the Nursery artd their dulics as a Tttember Of lh¢ MJriag¢mth C(¥Mnitt¢¢. In a¢cordaAc¢ with $wuiory r¢quir¢rn¢nts ￿le appropria(e ¢hwks Jr¢ carried out ui r¢srrtrf of ¢o¢h M￿nber. Co￿*d members of th2 MaDagem¢nl Commlttee offer thctnselves for re•¢l¢rflon at the 8eu¢ral d. ORGANISATIONAL SI'RUClllRE AND DECISION MAKING The diJr¢¢or3 meot once & month with the Nursery Man•g¢mart Tewts (Herf tkputy H¢od ond Third In Chw8¢} to review (￿d m4k¢ m*nag¢meni d¢¢isions with re8aTd io facililic5 and fiThNn¢c. The dis¢us$ion8 ol Uiese meeliL)gs ate wnfidentsal. Thc Annual Geijerdl Meding is ￿ttE￿]cd by skff. P￿er￿S aDd metnbBfs of thc NIDnaBoment eotnm1ll￿ to appro¥e cban8es to the ManagemeDt Con)mitt4 the &cC(Hu￿ 8t)d ap)￿In0￿c￿ of Jn inder￿de])L exdmin¢r. During ihis tnewthg, thtre is 8 review of Ope￿￿)nS of the nutsery over the past year 8s well as a celebrntion of llchievemuta rdKf folditional stsff accredi￿10￿. The i￿1 meeLin8 w•sheld (8dine on Twdjy 20th Mlly 2025. e. RE.LA TED PARTY RELATIONSHIPS The Nunery has an arrangemeni with th¢ Cambridge Univeniiy Ass¢yYn¢nt (CUP) to r¢terv¢ fiv¢ ¢hiid¢ar¢ plices for th¢ ¢hildrtii of#aff, in recogniiion of a £25.000 lo￿ the CUP to the C4)t))p#Thy. Combridge Uoiv¢rsity 15 th¢ owner of the le￿¢ for the JCN premlseL Jowr COLLEfjES NURSERY (CAMBRIDGE) LLMfTED PAGE2 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 REPORT OF THE DIREcfoRS ............J￿ntinU¢d f. RISK MANAGEMENT The meinb¢rs of the managemem con)mittee coniiDue to examine the major strategi¢, bu51r￿sS and op¢rntion•l ri$k5 which the chariiy faces ard confirni that systems are in pixe io rewew these risk5 so that the nec¢ss*y s¢y can b¢ tsken 10 rniii8ate exposure to th¢ Jmjtr risks 4fy1 ertsure the medium viability of th¢ nursery. OBJECTIVES AND ACTIVITIES POLICIES AND OBJECTIVES rhc principal acdvity of the ¢ontill￿ to b¢ of i nur*ry XI￿1 and ¢hildcare Mntr¢. The Nuti¢rgs is to ¢reth a safr. aDd stiDwiw ¢nv1roaM￿ in whith all cbiidrqn thrlv¢, bc h¥py and be allowed to explo￿ I￿1 bE ill4Ui5itlve wblbt their karnin8 and dev¢kspmeDt and ¢￿ba￿1Th8 th¢ir lift skills. The Nurs¢ry ba8 $¢1 ￿lIcieS ond pro¢edw a ¢wriwtwD to provide quality childwe attd ¢d￿Li01L Th¢ Nunuy h&8 a rx)li¢y of in¢lNBion for th'ubled thi"Idr¢D Ind does ¢xclyde chitdrcD for religio￿ Msons. Th¢ Jeekj io retsin $thff by fostering pkx1ti￿ wellbeiD& aDd 51¥POrttD8 our 5thff througb gwd trairtiog opportuniiies io prwote per80nal and pYofe&sional dev¢lowDenL b. STRATE(ilES FOR ACHIEVING OBJEcfIvES 'rhe Nury¢ry is iosisiered with OFS'fF.D Mthi¢h monitors the N￿1(￿] of childwe provision And Lxlu¢•tion. All n¥Tsoriu rnu￿ ¢omply with nurncry standArds set by ofsTED demorjstrate their provision during un￿n0￿1¢¢d OFSTCD irisptcti(w. Tho Nur3¢ry ij ¢wrendy rntrd ￿'G£￿" folloWln8 an OFSTED itl8pt￿ irt N0￿mber 2023. The in4Kdion followe41 4 prcviouy ofsTED raling of 'lnad¢quat¢' &w8rdcd in May 2023. wllich thc IDwenient of ihe NurS￿Y w¢rked hard io Dddre55, r¢suliin8 in the cyrT¢ni"Gwd" r*in8. The Contin￿ to foGu5 on compliance dnd pro&itively looking for opponunitie% to improve th¢ ￿(lin8. . ACTIVITIES FOR AC141EVITrIG OBJECT]VES The Niirscry rccognis¢s ihai every thild deservcs lh¢ ￿&￿ibl¢ start in life aThl supF¥yrt enJble# thLNm to fulfil Thcir potential. Childrrn dovelop quickly in the eariy Iws alld • chii&J ¢xp¢ri¢Jv b￿w¢¢A birth and ag¢ of S h#v¢ jor impact on thcir futurL lif¢ [hAn￿9. W¢ t￿lI¢ve thal Bood parcnt Partnership i5 eft￿1￿1 forthe I￿althY develo[￿e￿i of the ehlld. Parem$ who arc involved in their child's ¢are wid l¢arnin8 will f¢el confjdent io have a trusting reliilon5hip with the Nuftery sthff which iti tum helps our thiidten f¢¢1 safr and b¢ in • sood diJpositiw to explfft kwn. AthSviiies attd rNourcu a￿ pl•nn¢d in¢¢n¢ion41ty ￿ prrynofr dev¢lrn ¢ommunkcat5on, Iw¢ and phy5iuI development, acwrding ¢0 the chiktr￿'S interests. as Children bdt¢r KIF¥iti¢s ar¢ r¢kvJnl to them. To cojnply with NaiioDa] Child¢are PTOi¢aiOn s￿dards. all sthff mu# un(krgo and pass EnhAn¢ed Disc105UTC and B#￿ing Service Checks proyide suitsble refer¢ncts. Mw¢ment COn)tti￿ Mertsi￿$ ate also required 10 Id¢rgo and pa$8 Enhanced Disc105ure and Bartitis Service Chcth. Thr Nw8¢ry tllaintsitu the 5tsff io Child ratio ID acc4xdw with **utQry Twuiremcnl To rnainfain quality chi]dcpTr ca￿all0￿ th¢ Nurs￿ UHirLg pAd * stsff r¢guiaTty. JCN ¥￿VEs its Xaff and es for their w'ellbeiti& 'thc Nursery places a si8nÉficant emphui5 on staff trainiDg and dcvelopJneDL particularly in the 8rea of safegu&rding and child proiection. Ail receive comprehensive (ra￿*￿8 Abo￿ the safeguardI￿g policy 8rd the procedures io follow iD tho event of a ¢onc¢rll about 8 ¢hild or a ¢oUe4gu¢. m￿¥¢1, Ail stsff rec¢ive indLKli(m $0 thai tlw are clear alMTrut their ft)1¢ athd reswtsibiliue& JOINT COLLEGES NURSERY (CAMBRIDGE) tJMtIED PAGE 3 FINANCIAL STATEMENfs FOR THE YFAK ENDED 3 1ST AUGusf 2025 XEPORT OFTHE DIIiECTORS ............JMntinuEd In addition. the N'ursery provtdes onEoillg effective supp(rt Coaching and trainin8 50 that all 5tatTwoTking childr ve the knowledge and skills to fjjlfil their rol¢s w¢Ce￿]y. and pr¢)mote the inie¥t# of children. Th¢ Nursery a150 ¢neuuraRa $thff w oot only mainthin th¢ir ¢ur¢ni professioDal developmenl iyji ro pursu¢ higher qualific4¢ions. In th¢ yelr in r¢view, we ontinued to suppon our staff ro take on oAd sucwsbjlly Lchieve their higher level NVQ quaiificatioN$. In order ro ¢on¢inu¢ grvwin8 a pipeline of quatified praaiiiorKrs JCN WekOm￿ appr¢lliices. supporting th¢m with trainin8 Ilst Worki￿ of th¢ JCN te8 To mairs￿)n go(wJ Forent-staff relationships. the Nursery b)Ids regular Jociai atxl fun¢traisin8 events. lil the year in Rv5ew wv have h¢ld SuiDmer Barbeque, chris￿1$ sessions for fuThdrniJits& Mothets ￿Y aft¢rnL¥>n ￿, pamt ¢off¢¢ mornings. and May and play *ssions. ACHtEVEMENfs AND PERFORMAN GOING CONLEELN After makin88ppropriate enqulries, t1￿ In￿te5 have a T¢ason&ble expectation that the comP￿Y h&$ adequate resoure lo continue in optr4tional exis*rkce for th¢ frxesttable on the assiimirtion that loan r¢pa>qn¢nis will continu to btt m¢1 from ¢urrent in¢ome. Por thiE rwson they continue th adopi lh¢ goingcotsc¢rn b&sts in pr¢wing th¢ fLrwi¢i 5tuem¢tits. b. KEVIEW OF ACTIVITIES JCN hai provided nursery eaye find eth¢￿ton fLrup to 57 chlldrEn inthe ￿r. wrth no il8nific￿t ch￿ to the activity of the company in the ycar. On-goin8 Statf trDiniD8 been FffOTUOted by the coropany forthe continued developrnLm¢ of 51pff Qnd thildr¢n. W¢ conlinued to mc¢t th¢ c41uwioMI •nd p&stornl ne>Js of the childT¢tL The y¢or in rnview￿ seen si8nirlc￿t chAnges ill the Le4d¢rthp *am with the He&1 of the Nwgery retiring the D¢puty steppingdow￿. A T¢cruitm¢ni PTocess ptace ill ￿leb 8 new ethn￿1 Her•J was appointed. We wer¢ a150 pleased to m￿¢ Iwo intemul proTh)o¢iofts to th¢ roks of and Third In Charge. All these staff stJff¢d in role in 2025. 'fhe Head has subsequently moved in May 2025 a recruitmeni process for her replac¢mellt is currently un¢kn TrA•y. There thlso bttn ¢*e in the Mkna8¢meM Comrnittee with three new mcmber8 joilling durini this Ye￿ and our Chalr. K2therit)e Inns, sieppitt8 down It ih¢ end of the fiftancial year w 31 Au8UJt 2025. The Nursery revised ils cuttieulum under the new Held ￿ the EYFS Lyjrritidw the ¢wricubJm wll continu¢ be r¢viewed that changes and devcloprn¢ou in Exaaic¢ 8nd 8uidaoc¢ wr¢ Teflerted. Tr Nursery reinains ¢ommiited to¢tt8urin8 th8( the curriculum Clearly ideniifies Wh￿ rt is th?1 ￿ children ne¢d how this reflccts Iheir individ￿1 rwls, 41nd offcrs appropriat¢ challenges io l*lp them Inake g(KJd progr¢u. 1111$ commilmeni 10 all evolvin8 attd thil¢red curriculum is ¢¢ntral to the Nursetys mi￿10￿ to W0￿de be￿ possible sitrt in lift for every child )Jnder its cire. We continue to Invest in our i&csn41 whd extern￿ thfrastrm, to PTovid¢ ll ufe and Jtimuhting environmerf for lh¢ cliildren. T)uriii8 the year und¢r review, a nurnb￿ of not&ble inve6tt￿ts in the Nursery faciliti¢9 took p￿¢¢,, 8 new clitiibing SM￿(ure was insulled in the gardert, i new ￿eep Cabin was buil( fLY the Undu Twos. Incryraiing the beneliLS uf frthh air with the security and Itar round *cwibi5ity oflln ind￿r facility. Th¢ childM'$ toilctl wrr¢ also 0inprèhettsi￿lY r¢fitrbi8hed lo the yw. The Yur$¢ry ¢ontinued to e￿O￿lIge children to develq) 8r(6s motor skills Ind spatial aworeness of their phy8icai abilltieth whiLst 84iThng ¢onfid¢nc¢ ond fitness thmugb various physical artd 5F￿ll18 adivities organised thrauBhou( thc yeBr. JCN Provides & vast sel¢ction of balance-bikes and bicyclcs to cater forevcry Stage ofridiryg Skills abilities. l£arniDg uot on]y tske pJAce ind(xTrrs. We tske le8rnin8 in th¢ 4rtivities and w pl&y¢d to ¢thpn¢e numeracv And li￿racY Skills. Th¢ Unts Twos rontinwl to develty the ktssory sarde41 with plants the childreEJ cali SrnLII Nnd th5te ￿ well a5 mu5i¢al willdchimcs. Th¢ mud kit¢h¢n aDd mu51¢ ￿11 with pon awl pam furtl%renrithed outdoor ex￿1¢￿¢¢8. We cO￿l￿Uta io build ort our $ULxessfu] Foi*st SchoOLWo￿A1?￿d Play %etssiorL% with a Ineml*r ofstaff re£eivinB training during the w to l*come OUT new w<￿10nd P￿. lead. Tr,e.* 5e65ions ar¢ part of ¢hi5dren's weekly Y￿{1vItieS and ￿llored ￿ their age and upsbiliries wnh an aim ts) help tlkm c0tsfid￿￿ ITh themselves and an 4)pprtti4tivn ror (he naiural world, Iiisk Ba￿fil Assessm￿ ¥c Miinthi￿a Ilw are robu￿ up to da*. Thc children continue tsTr help mak¢ ¢ootribuiiofts to th¢ communtty, with n¢w ttlitiatives esrdblished toward%. die end of th¢ year und¢r the r¢vi¢w in¢ludillg partifipaling in Trisits TO a local 8￿de￿ ￿]0￿￿¢￿t a new relationshy with a local ¢are knm¢ for the P￿th0o1 rhildrrn. JOINT COLiEGES NLFRSERY (cAmBR￿E} LtMrrED PAGE 4 FINANCtAL STATEMEKfs FOR THE YEAR ENDED 31ST AUGUST 2025 REPORT OFf14E DIRECTORS. J¢￿Itin￿l Cambridg¢ is a cosm¢)Jx)litAn University city. and that is retleet¢d in muhiculturnl familles. We ¢el¢brat¢ this diversity in the meals at lunch and tea lime. Multi-lingu￿ Ind rnuhi-¢ul¢ural songs and 5tori¢s thwt the Child￿n yhare. Parents art invited io show and share Mith the children about th¢ f¢¥iva]s thJ¢ ar¢ celebrn*d amund the w￿ld. 11)e babies are encourdE¢d io develop thctr communicaiioa ski115 by SiDgin8 and Signing. They hav¢ signing noi only irl nursery bui have l*¢n cxtcrtdin8 ihi5 * hDm¢. Si M8ty$ Y￿10r Sthool hu traditi(rtwlly bee￿ Invi¢ni8 JCN mMnbers to ther with the children. prvfessional pr¢$eniations for ￿a¢hIng perwnnel s￿h a5 5rienrc iti the Early YEars. Lttd other 50cioI tven15. Furthelmore, JCN an arrangemeth that 51. Maty$ wll ￿￿MModat¢ our ¢hildr¢n on their premises. should JCN need 10 ¢va¢uaw the Nursery in gn emer8¢ncy siiwaiion. In reru￿ JCN St. staff car5 Mthen they hav¢ staff tyHinin8 ev¢nLq IY soclai fiuKtion•. Th¢s¢ ha￿ t*eD Ydluable sn bui]din8 n¢18h￿TlY relatKm5bip5. With regards io th¢ published guldanc¢ fr(*D the Chulty Cotnmi555on the opu&tson of the Public Beneflt r¢qulr¢rn¢nt nd¢r th¢ Chorittes Act 2011. JCN offers fully futh Itsndalotse plKu UD(kvth¢ F4rty YEw5 Funthng sch¢ll￿. . RtSK MANAGEMEY4T AND ASSESSMEF Tho member5 ofthc Tnanasement commSttee continue to examin¢ the ￿J0T 5trwiegi¢, busm￿$5 and operntiorjai rL5ki which ihc charity facts aDd confm that sWems 4T¢ in pjjce to revi¢w th¢5e rjsks 50 th41the Dettssary Jleps c4D be ¢akeA kn rpdu¢e the* &MI ell￿￿e the n￿dI￿n wl l(n8 t¢nD vi•bdity of th¢ N￿ay. riNANCIAL REVIEW . RI--SERVE POLICY The ￿rnpanY policy to m•intyin ￿lestrIc￿d fill￿ Ththich we the rt4erves of the c4xnp•ny. The wmphny will keep appropriatr oper&ting reserve that will be WLveAed io maximise inttte￿ payable. bui not to be restricted for longcr ihaTh Nvo months. The level of reserve will bc k$5 than two rnonths, unre5tride4J expcndilurc wid musi bc sutrJLLtni Iv repay deposlTg held al￿ the £25.¢M￿ advlmce fTom CamFKid8e Lnivu3ily Prcys 8nd Assessmenl. The Man4L8emeni Committee will revlew the level ofthe reacrvc fr￿ll time to tirnc. Reserv¢s at fv year end are in line with ibe policy. b. PRINCIVAI, Tr'UNDtNG 'Ihc Nuncrfs main sourtt of fimdin8 is the fets fv the of thi￿k￿e. The Nunery received the Farly YeaT& FuDdiTh& q￿lfyIng ¢bikb¢n from 9 m(mtlLJ old. Th¢ fjJndiThg 15 for thff¢ ￿MiS r ytar and reache5 the accounts in Six pR)Tr¢n PLANS FOR T14B FLrruRE- FtITL'RE DEVELOPMENTS Th¢ Nuryerj will continue to maiThtsl￿ upgrnd¢ and d¢￿loP IL4 fa¢iliiies os wzll &4 the fabric of the iwilthng and play Iw¢a5. U5 It looks forwllrd to prowdin8 8Th4 educgiion thibjreo tsy the high￿ NuY*ery cthitinu lo invesL th ils 5tsrfthrou8h training and other fonn5 of prof¢43ionai d¢¥¢lopu￿ll. JOIMI. criLIEGPS NUKSERY (CAMBRI[￿£) I.IMrrEI) PAGI. 5 FINANCIAI. STATF.MEK13 FOR THE YEAR ENI)ED 31ST AUGusf2025 RRPORTOFTIIE DIRECTOHS............ .8TAI"LMF.N1' OF MANAaLMFKf cOMMITrEF.￿ RFJPONSIBILrriLg The monilxxs ofihe MAnagenwYl Ccrfnniille¢ tlwdireL%ors ofJoini Culkges Nurs¢ry (Cwnbridg¢) Liimit¢d flir 11?w Df wmpany l?V4'1 f¢sponslbk ftrr prewifi8 the Rep￿ Of Ilje l)IreaLYJ end fin4nf i&1 StA*iiier,ts in a¢¢ordance with appiirAbl¢ low ￿ lknited KuiBdom (lJn¢te41 Kitfvi Gwally Acccplcd AcwutLtin% Prxtice). Compwiy Andrharity IAW requirtJ thE maobery ofihe M￿￿ement C￿[UnItie¢ to Tryxr¢ ttDatici•l siilernents for lin8rLLLlll >wr. Under conp&ny law lh¢ Mwwgrmenl Comjnlute mthsi N>1 apwoNt th4 flMn¢£#l $tsien*ni$ unle1¥ thuy $ail$n¢il th#t ihty 8lV¢ a trLW fail Yityw ofihe of•ffair8 Otihe chrI￿bIt tOlnPBDy dAd ofiho Inroriiii& resol￿T¢S and dpp!IEalion Orre￿￿￿5. Irrtludmi Iho incomE and ryxndiNre, of thc chwiliblc conipany fDr th&1 i?¢riod, In prepartn&:hcs¢ nnanLI81 SWcmtDts. Ili¢ pfth¢ M•m&s¢m¢ni Commlut& •YE rtyuSr¢d go: g¢kKiJuiuble J¢¢WMin8 poll¢l¢> then •pplyth•Jn wMi•knKIy. obseryt Il* methods pritietpks In the ChArlties SORP: IiiJk¢lud8wiients Jnd iGiouniin8 ¢Kim*es tlLAI orc rtuonable PTud¢rf; Iiii* Mlieiher appIl￿ble UK i¢wuiliEb8 h•ve boen follo¥rd, subJ&* W ￿Y mwtethl depunurpm ¢J[sLIc*￿ ttiid ¢xplained iu thc fltutKisl ￿litInen￿. preyiic the fwcittl Wi*mc41ts on Ihe Roin8 cont￿ l*Jb mk5s ¢1 ts Iwwgpr4¥e ts) preswm tsth ¢￿Tk￿bIe compaY*y will opmtiw. The Inutrtt¢rn ofthe fvIAMgum¢nL Cotnwltytt v¢ rtywnsfbh fwkyiog *deqwle r¢¢tYth ihli diKk*# with r￿￿on&bI¢ •cturrfy 4t Any lim¢ Ihe Ill*n¢l￿ pmitlon ofthe ch•ritsble wny ￿ tmablo Uioni dial the finwi¥ltsl thtrmtnts eornply wilh CnrnpanieA 2006. TIW Are *ly) for 50ftwirdln4 ih¢ ¢wi rthe ¢liarliable Corn￿l￿•￿d h¢oc¢ fry ¢•kitw rea￿•b]e M¢py for thp pyovenlion and dthociion of Ihiid pnd oth¢r irr¢¥ul•MIi¢s. I"hi5 rt1)oll hTh5 prcpr¢d in a¢¢ord•Ace wilh th¢ wl•l provkniom ¢¢xnpnlu svbi¢ci 10 the li￿1 ¢(JinpbnleA rr¥Sme Mihin l¥an 15 orth¢ Coint•nieg hct 2000. lThls rtpoit Wts ty>PTov¢d by Ihe M&n4emEni Comminm IKhDlf hy.. •Thd $i8ned offt IIK JIJI.5A I.UMF.R DIRLI:-foR JoINr COLIEGES NURSERY (CAMBRfDGE) LIMrtED PAGE 6 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2￿25 tNDEPENDENf EXAMtNERS REPORT TO IHE TRUSTEES OF Jotyr COLLEGES NURSERY {CAmBRll￿E) LIMTfF.D I report w the charity Tnk$te¢s on my examinJlloa of the financial Stalem￿ts ofJoint Colleges Nwsery {CambridBe) Limited lor th¢ ye4r ended 31 Aiigu512025. RESPoNStBILrr￿s AND BASIS OF REPORT As the TNsttts of the ¢hari(able company (8nd a]so its dI￿or$ for the puryyjse of company law) you areff¢sFonslble for the preparation ofthe a¢¢out)ts in x¢orthnce wlth requi￿￿ of the Comp￿1¢$ Ad 2006 (the ?[￿ Act?. H&Yin8 been 5aitsfJed the accounts of the ¢4Mnptty are requlred ￿ be I￿[¢d under Part 16 of the 2006 Act knd ¢ eligible for iDdepcadeni txaminatiotL I report in reSEx￿ of my exarninth of your charttabl¢ company5 aeeoullts carried oui under Scction 145 of the Ch￿ilLe$ Aci 20111th¢ 201 l Aci')- In ￿￿ing Out my examination I have followed th¢ DirectiorLS 8Lven by the ChAriiy Commwion ￿ Sedion 145(5Xb) ofthe 2011 Act. INDÉPÈNDE￿r EXAMINERS, STATEMEFrr SiD¢¢ th¢ charl￿)[¢ ￿MPAThy5 gross income exc¢&d £250,Or￿ ￿ur ¢X9mit￿ murt member of a b(MJy list¢d ID s￿lI0n 145 of th¢ 2011 A¢L I thar I quaiifi¢d w und¢rtth th¢ cx4Mill￿loD bKau5¢ 1 aTn w D)ember of the A&qo¢iwtion of Llwi¢r¢d C¢rn'fi¢d A¢¢ouoiants 18 of the listed bodi¢J. I have compl¢¢¢d my cxwn￿￿tI0n. I confirm no m8ftern have lo attffliion in c4>nTr￿n with th¢ eX￿1￿￿tIOn giving me ca￿¢ w believe.. (l) a¢¢ountin8 r¢¢orth *tre in r¢¥¢¢t of th¢ ¢(Knpatsy u requirod by Se£iw)n 386 of the 2006 A￿. 12) th¢ 4¢counts do a¢¢ord with thos¢ J¢¢O￿ting T￿,. (3) th¢ 4¢c4)wits do not ¢￿PIY with the a¢¢ounLtDg Tequir¢ments of S¢¢iion 396 ofthe 2￿6 Act othtt than ny requiwincrt that the xcowits Rivo • In* thd fai¢ view wM"¢h 15 DOI I matter ￿nsidered or ind¢p¢nd¢nt examination; or (4) tho a(¢QWlLs have nol b¢¢n pr¢p¥xed in with the M¢th￿ winciple8 of the Sl*emeDt of Re¢omm¢ndcd Pr￿¢1¢¢ for uEEountin8 Wmi r#FKrting by ¢hariii¢s1opplirabl¢ lo ¢hartties prepariDK their a¢count5 in a{Cord￿rr with thc Trinllnci&l Rcportll¥ Stllnd￿d 4pplK•bk in the UK and Republi¢ of Ir¢lAiid {FRS10: I havr rmj COt)rern¥ and hav4 ¢orn¢ acmss no oth¢r mattsrs Mnneai(rfJ with the oxjmination 4tt¢nlion should bc dr&wn i¢) this rcwrt in order w ¢n&bl¢ a und¢rJthiMling of the A¢o)unts to be rca¢h¢EL IAN W SIIIPI.F.Y FCCA FOR AND ON BP.HALF OF: PRF.KllS & CO I.i.P CHARTF.RF.D AccouKfANrs & tNDEPENI)ENf EXAMTNERS 115¢ Milton Ruad CAmbTidg¢ CIU IXE JOM COLLEGES NLUSERY (CAmBRI￿E) L1￿TFJ) PAGE7 FINANCJAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 STATEMENT OF FINANCIAL ACTIVTIES Utirestrirtcd UnTrstricted Funds Fun 2025 2024 tNCOME Donatlons and 8Trnts Charitable activiiies Inve5tsneT 1,482 842,733 15,757 859,972 856 739.558 12.293 752.707 TOTAI, INCOME EXPENDrrLRE charItsb￿ artiviiiel 892,286 89?,286 743,Ir2 743.172 TOTAI, EXPEliDITURE r4ET IliCOMEIIEXPKNDITURETr AhTI NET MOVE.VdEliT I.Y FUNDS (32,314) 9.535 RECONCItATION OF FUNDS Totsl brought fon%•rd Totsl fonvard 17 493,761 484.233 461.454 493,768 The Si&tement of Finan¢1￿ A¢tivitie4 includes all pins 108Jes recwis¢d in th¢ >r¥. A11 Incomi￿ rewur¢eJ and rcsources exp¢nd¢d d¢rive from ¢oniinuin8 Idivilies. The notea on pages 10 ￿ 15 fomi part of the5¢ statune￿. JorNrcoLLBIES NURSPRY {CAMBRW LIMfIED (OI484429) PAGB 8 prNANflAL 8TATBMENTS FOR THE YEAR BNDFJ) JIST AUCU8T 2025 2025 2024 io 178.899 167hr Debto Cajts at barth In 9,277 467.869 477.146 12 4100,027 409JI8 TOTAL CUBJENT ASS Cred1￿￿1. fttlliTr8 th* I 13 {169J91) 1111,Yl2) 307JJJ 351,276 511,761 TOTAL ASSETS LESS CURRENT UABIUTN8 48&434 Cr*llb)r&' f•llSDgduo thafj 14 (25,1￿) 461.4S4 115,000) 493.761 NBT ASSBT8 THB FUNDS OF THECIIARITY UDrwtyithl fvndl 17 461,454 493,761 The dlro¢¢ors ¢•￿iderth0I th¢ ￿mp￿Y b oTrth]ed th¢ requINn￿l to Aud[¢ under proYl•krn ofSKtkn 477{1) ofthé Cryks Ad 2006. M£rnber¥ b#vv Toqulr¢d th¢ mrAny thdc* S¢thoo 476 ofthe Aa Q006, to oi*abaTh amlit ts ¢h•>•arMthd 3 IbtAu0￿ 2W25. Tho dlrnctr>TS •rknlod thetr r•￿I￿lbi1Ei'￿ fcr enJurknK the llrtyjuythg rt4*th wblth c￿mplY w#tL Ytdlon 386 •lld 387 ofthe A¢4 2006 for fin￿cIal Jts¢tm¢nt¥ ￿ Wve a trpx ￿1 fylr Ylcw tsfliio of thirs 01tho¢ompAAy Js at 3 lil Augujt 2025 •Jd Mt thtictt for th¢ ye•T Ihth Mded In with th¢ rtyulromo)ts of Seaiort 390 •ud wluth othvrwhp comply wtth the rtyulr¢mmts of the rcknl1rl8￿ fin￿¢% Tr fin•ll¢l￿ tht¢m¢ots havo be•tt pYty*•J tll the gpKtsI provlsiow relw ¢0 ¢otllPAnl¢s vubJoc¢io the Knthll win5j4tii￿ r¢glm¢ wkhlry P8rt IS orth¢ Cinwi¢J Aci 2W6. It I￿roT￿ bythe oornrnitt•è . tyhm 202 ond liyd lu t4bAIf. JUUA LLJMER IJIRECTOR Th¢not¥ m pvw 10 to15 form ￿ ofth@* tlJaDclql thtoty JOINf COLLEGES NLRSERY (CAMBRu￿E) LIMtTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 STATEMENT OF CASH FLDWS Total Futt 2025 Total Funds 2024 Note C￿h Flowi for Optt•tinK Activitiu: Nei Cash prnvided by opttating aciivilies 20 26.181 11.727 Cash Flows frooj Inv¢slln8 A¢Uvl¢lM: Inv¢stm¢nt iD¢om¢ Put¢has¢ of taDgibl¢ r￿ed asxts N¢t CA$b Us¢d in Inv¢4tini Artivi¢ie8 15,757 12,293 (34,096) (6,2891 (18.339) 6.004 Choth8e In cash and 4uivalents iti the rcportin8 periixl 7.842 17,731 Cuh &nd qulvalents ￿ thE be￿1￿8 of the roporting porlod Ctsh c4sh ¢quIv￿c￿ts 4¢ the end olthe r¢portin8 period 460.027 442,296 467,869 460,Q27 JotNT COLIEGFS NURSERY (CAMBRIl￿E) UMIIED PAGE 10 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST AUGusf 2025 NOTES TO THE FINANCIAL STATEMETrUS ACCOUNTTNG PoLIC￿s 1.1 BASIS OF PREPAKATION OF FINANCIAL sfATEMEKTS The fmanckal sthtem¢nts hav¢ been prepsTed in awTd4nc¢ the St&em¢ni of Recormnend&1 Practice ISORP).." ACCO￿tI￿R and R¢rrtKting b). Cl)aTiiies" prepary their acwunts tn accordance with th¢ Fin*n¢ial R¢portiDg SI￿dar￿ atvlicabl¢ in the and Rcpublic of Ireland (FRS 102) (effective I janu￿ 2019).. {Chgn'ii¢s SORP (FRS102}), the FinAnci41 Reporting Srandwd applicabk in the Unikd kingdom &rkl Republlc of Ireland (FRS 102) and the C(Knpanies Acl 2006. The chariiy a public beKlli ¢nb"ty ¥ d¢fin¢d by FRS 102. The direnTrI￿ c(w. Govemance costs are th08¢ in¢wr¢d in ¢￿￿K¢U0n with the *kninS$ty¥tlon of the mpany and wmpliaD¢e with Consuu￿)0llal and s¢aiutory requiremenrs. 1.5 OPERATING LEASES Rentab applicable to operntittg k4ses •r¢ ¢lwed ¢0 the SlatcmeDt of FinaD¢ial Aaiviiks on a tr&ghi lio¢ bosis o¥¢r the le￿¢ t¢rni. JoI￿r COLLEGES NURSERY {CAMBRIDGB) LIMITED PAGEII FINAliCtAL STATEMENFS FOK THE YEAR ENDED 31ST AUfjUST 2025 NOTES TO THE FtNANCIAL STATEmE1￿s 1.6 TAYGIHI.F FIXED ASSEVS AND DEPRFLIATION T￿gi￿le fixed ￿¢[5 #rt stated at ¢oJi less deprecia11￿. Derwrfiition is provided on ¢angibl¢ fixed ￿3¢￿ * rat¢5 calcul4￿￿ to *Tite￿off th¢ CO￿ less c5￿MI*d r¢sidual va]ue 01￿Ch ass¢1 ev¢nly over Ih¢ir eX[￿ty1 us¢fi￿ liv￿ ￿ follow8: FurnlLuT¢. filtiny and equipmt I￿SchOla land and building3 - 25Y• Straighi linr . rm a siraJ8bt IiDe basil over th¢ pxrioj of the lease 1.7 DEBTORS Trndt and other debton are at tk ￿Y)unt du Prepaymrnts arr vAiu¢d ￿ th¢ 1.8 CREDITORS CrEditot3 Are Trcogniwd where th• chartiy h&5 *pM¢nt obli*SLm YeMttin8 from eve￿ tha¢ will probably ￿sU1( kn the transfer o(funds 10 a third pfjrty And the Amount due ￿ scttle the obligaiion tan bo mepsured ff estlmattd rellthly. Crtdiion mi Domfftily rwni*d at thttr settlemem It￿￿ttt. 19 PLrySION COSTS I'hc chariry OP¢rntes & d¢th￿d wotriiNtr"oD wt5ion 8chern¢. The J3y¢ts of the ￿hOme Ire held sepwlltrty from ih05e of the charty in ￿depen(kAdY administered ffiJnd5. Contributs'on5 are ¢h4r8¢d lo th¢ Sut¢menl of Fin•nci&l Adiviti¢3 as they fall the. Il.CJAL STATUS OF THE CHARtTY The chllriiy 15 a coinpwiy limikd by 8uwaniec. The membcrn ofihe comp&ny are the siatyand parents of childrcn who &tlcnd the nurscry. In the evenl of thc COrnPHny being w(*JJul up, thc I1￿bIlItY tti respect or th¢ 8uBrant•e i8 Iirni￿A to £1 w rnember of the chviLy. INCOME FROM DONATIONS AND GRANTS Unrestrie¢tsJ Uttrostrict¢41 Fwids Fund4 2025 2L124 DO[￿tiOnS 385 1.097 1.482 30 806 856 INCOML. FROM CFIARITABII AcnviTJES Unrestrictrd UnT¢sifiLled uThds I'.uE￿S 2025 2024 R¢giJtrwioll aDd f¢e> 842,733 739,558 JOINT COLLEGLS NURSERY 1CAMBRW￿E) LIMITED PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 NOTES TO THE F￿ANCIAL STATEMENTS EXPENDITURE ON CHARtTABLE ACTIVITIES CURRENT YEAR Direct Support Totsl 2025 (No* 6) (Ntht 7) Charithble artiviti 786,608 105,678 &92,236 EXPENDITURE ON CHARITABXI A￿1VrrIEs PRIOR YEAR Dire￿ S CosLs Costs (Note 6) (Notr 7) Totsi 2024 Charilabk gdiviti 621,279 114.893 743.172 ANALYSIS OF DIREcr cosrs UnTe51ric¢¢d Uiwwiri¢t¢d Funds 2025 2024 Sa])ri¢J. National In￿rIn￿ and pensioju (noth 9) Nwsery Supplies and aaivi¢ic4 Food and provi3iot 688252 10296 88,060 533,982 10.648 83.649 786,601 ANALYSIS OF SUPPORT COSTS Unrestricie4 Unr#stricthd Fund5 2024 2025 R¢nt, rntes and Li8hL hcat and tclephone 8,146 12,247 28,420 2.￿18 9,533 9.144 5.751 1.725 9,409 1,262 32,266 2,059 1¢,844 12,606 6,154 1.590 Cllnical wastc Gudenins Repairs and renew￿$ Recruilrnenl and staff training gtstionery, printing p)st F 11 Sub5crip(ion5 Bll]￿ char8¢S Sujidry ext*ns Depreridiiun 2.140 130 353 22.689 2.607 137 502 24,144 It)￿nd¢n( ¢xxmin8ti¢)n 3 J52 3,313 105.678 114,893 NFf INCOME FOR THE YEAR 2025 2024 Thi5 is stated aftff charg￿. Indepentsnt examinatio DEpre¢ialion offL¥¢d &1scts owtted by wy 3J52 22,689 3,313 24.144 JoINr COILEGES NURSERY (CAMBRtE(E) LtMtTED PAGE 13 FINANCIAL gfATEMENTS FOR THE YEAR ENDED 3 1ST AUGUST 2025 NOTES TO TNB FINANCIAL STATEMENrs STAFF COSTS AND DtRECTORS REMuN￿TIoN 2025 2024 ITh¢ staff ¢osts fw th¢ were:. Wages S￿￿rIeS Ell>ploy¢rfs National Insur Employ&s p(•￿.0￿ ¢￿tributIOnS 641,369 36,296 10,587 495.752 28,878 9.352 688252 533.912 The av¢rA8e moDthly number ofwloJ*es 19 (2024.. 16). No emplo)r¢ received remuoeNion of th8ts £60.000. 10. TANGIBLE FIXED ASSETS CURRF.NT YfAR l.ewl>old Furni1u￿, d and fittings and buildBngJ equipmen( To&1 cosr Ai 1st S¢p¢ornber 2024 Addlibo 357.635 218.464 34.096 376.099 34.096 Ai 315t August 2025 DEPREf.IATION A¢ Ixt S¢pt¢mber 2024 ch￿￿¢ forth¢ )w Ai 315¢ Augiist 2025 NET BfK)K VAI.IJE AI 315¢ Au4u5¢ 2025 357,635 252,560 610,195 212.407 l96200 408,607 22,689 223.579 207.717 431.296 134.056 44.843 178,899 TANGIIILE FIXED AssErs PRIOR YEAR Lwdiold Fuiniture. land and boildlngs equipment Tol Al Is¢ 5¢ptsrnber 2023 AddlLion5 357.633 212,175 6289 569,810 6289 At 3 1st Auyut 2024 DF.PREC.IATION Ai 1st September 2023 Charge fur the y¢4r AI 31st Ausus12024 NF.T BWK VALUE Ai 3151 Au8U51 2024 357,635 218,464 576,099 201.235 183,228 12,972 384,463 24,144 212,4Q7 196,200 408,607 145228 22264 167.492 DEBTORS 2025 2024 Tr￿¢ debton Other dcbtor5 PTep•ym¢n18 4.033 2.002 3242 2,9fj9 05 6,527 9277 9,561 JOINT COLLEGES NURSERY (CAMBRI￿E) LIMrrED PAfjE 14 F￿ANCIAL STATEMENTS FOR THE YEAR ENDFD 31ST AUGUST 2025 NOTES TO THE FINANCIAL STATLMENrs 12. CASH AT BANK AND IN HAND 2025 2024 Current &o¢ounti Petty ¢ash Savings a￿)Unts 121,254 116.677 65 194 346,550 343.156 467,869 460,027 13. CREDITORS.. AMOUNTS FALLING DUE WTHIN ONE YEAR 2025 2024 Deposns Trad¢ creditors A¢￿￿&1$ and deferred in¢ome 88,305 17,600 63,086 79.078 9.766 29,408 169,591 118.312 2025 2D24 D¢feNed income ai Isi Sepie4nber 2024 IncomL' deftrrcd durin8 the year Amowirs rtle4sed from previous D¢fetY¢d i￿ome at 3 1st Au8usi 2025 25.718 13.360 59.704 25.718 (25.718) {13.160) 59,704 25,718 The bil•n¢¢ r¢l4te4 w funding ft¢ei¥ed from Cwnbridsethbt CouThty Couhcil. 14. ctiEDI"foRS'. AMOUNTS FALLtNG DUE ATrTLR MORE TIIAN ONf. YEAR Cr¢dih)T8 in¢lud¢ Hni(iunt% no¢ wholly repa￿ble within 5 years ts follo￿.. Ropayabk oth¢r than by in5t#imcnts (tet 19). 2025 2024 25,000 25,QO) COMMIIMF. The cOMp￿lY PAid £10,587 (2024: £9.352) IrÈ rewi of dellned co￿11￿￿1￿ pension•. OPERAIIN(? LEASF3 As (it 31st Aug￿ 2025 th¢ ¢lwlty Iwd tothl ¢ixnmiun¢nts urthr concellabk operatin8 kw follows:. 2025 20?4 Explry date.. Bdweeo 2 and S yw3 723 17. STATfMEKf OF FUTrQ)S CURRENT YEAR At lu Seyanber 2024 At 3181 Aiigusl 2025 lJKom¢ Ext¢ndi Unreatritted fun(L4 493.768 859,972 (892,286) 461,454 STAT￿M￿ OF FUNDS PRIOR YEAR At 1st SeOunb¢r 2Q23 Ai 31st Auxuyi 2024 I]Ko)ne Expthvjiture Unrestri￿￿ fuJM15 484233 75? 707 (743,172) 493,768 JOINT COLLEGES NURSERY (CAMB￿[￿E) LtMllED PAGE15 FINANCIAL STATEMENfs FOR 1HB YBAR ETrIDED 3 1ST AUGUST 2025 NOTES TO THE FINANCIAL STATEMEXTS 18. ULTLMATE CONTrOLLTVG PAKTY AND REIAIED PARTIES Througbout the year the ch&rityw&s joindy tootroll￿ by tht ManDgen￿t G)￿￿￿ttee. The of th¢ M4DJg¢tt￿)l Cr#￿11*t ffeeived benefits in kind or nimbur exponJe5 durin8the y¢WT12024.. £ail). The key owagemem P￿￿tI compny ofth¢ Head of Nww, Ihputy H¢&J of Nursery llnd the Third in Charge. The key man8gwneni P￿￿￿tI r¢¢¢i￿d u tothl remuTrer￿￿ of£158,177 dwittR the yw (2024.. £105.489). Severnl ofthe dirtctoTS ply nuT5ery f¢e5 for their ehitdren to •tt¢nd the nurw. These fees are paid t the same T41¢ a]1 parents. 19. FINANCJAI, 0111.IGATIONS In 1994, an advance of £25,000 It￿l¥ed fr¢ffj C•mbridge Unilusity Press. This lo￿ Is lttierest frce nd is only due for ryymets¢ if the Nursery is liquidlted orthe a8Ytcm¢ni with C*nbrbJAe UnSvetsiLy PTes8 is t¢rn)In￿ed. The a&reen￿lll ￿lY be ffrminhted ￿ fi￿ yean, I'ht Nursery entsttd into a pcpPerC￿ lease with the UnivEr51ty of CBmbrid8t CLMnmeThcin8 in 1987 in rtspect of the premises upon whi¢h th¢ Nursery ts sitsth. the of thi5 lew expir¢ in 2037. 20. RECONCILIATION OF NET MOVEMETrU IN FUNDS TO NET CASH FiX)W FROM OPERATING ACTIVITIES 2025 2Q24 N¢t (¢xp¢ndI￿ItYInCfjM? fw the ryrth8 wlod Adjuffied for-. t)ep￿latIon ¢h4rg Inv¢stm¢nl inwm¢ Ik¢rea￿{mC[CI8c} in debwrs Incre￿1(de¢r￿c) in Credit Nrt pn)vided by 0[￿rating adiviii¢J 132.314) 9,535 22.649 24,144 (15.7571 (12,29J} 2B4 966 51,279 (10,625) 26.181 11,727