Charity registration number Registered Charity Number: 290721 (England and Wales)
ST MARY'S DAY NURSERY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
ST MARY'S DAY NURSERY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Lindsey Rosling B Addison Rev'd J Scott A Coles Charity number ¸290721 Independent examiner Jervis & Partners 30 Harborough Road Kingsthorpe Northampton NN2 7AZ
ST MARY'S DAY NURSERY
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 - 11 |
ST MARY'S DAY NURSERY
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Trustees present their annual report and financial statements for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The Nursery provides high quality early years care and education for children aged 2-5 years old. The most recent Ofsted inspection undertaken in August 2022, resulted in a judgement of 'Good', reflecting the Nursery's continued commitment to delivering high standards of care and education.
The Nursery works in close partnership with parents and carers to support children's learning and development. Through a child-centered approach, the Nursery provides a stimulating and inclusive environment that promotes childrens wellbeing, independence and readiness for future learning, enabling each child to achieve their full potential.
The Nursery benefits from a spacious indoor learning environment and a dedicated outdoor play area. This provides the children with regular access to outdoor learning and physical activity throughout the year regardless of weather conditions.
Achievements and performance
Financial review
Staffing levels remained stable throughout the reporting period. One of our casual staff members left the setting after completing her university course. In April, a member of staff returned from maternity leave and resumed her role on a reduced hours basis. In addition, a new apprentice was recruited to enhance the team after completion of the existing apprentice's training.
There were no changes to the Committee during the reporting period. Committee meetings were held regularly throughout the year. In addition, Rev'd Julie Scott met with the Nursery manager as required to discuss any matters arising and to provide ongoing support.
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Major risks
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Charity is constituted under a trust deed dated September 1984, revised in February 1999, and is a registered charity.
The Trustees who served during the year and up to the date of signature of the financial statements were: Lindsey Rosling B Addison Rev'd J Scott A Coles
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ST MARY'S DAY NURSERY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Recruitment and appointment of trustees
Introduction
St Mary’s Day Nursery recognises the importance of appointing trustees who not only demonstrate a commitment to the Nursery's mission but also reflect the diverse community we serve. This report outlines our current approach to trustee recruitment in accordance with our constitution and good governance practices.
1. Commitment and Values
The primary objective when recruiting new trustees is to ensure that candidates are motivated by a genuine desire to contribute their time, skills, and energy to the Nursery. We seek individuals who are committed to supporting the Nursery’s ethos and long-term development.
2. Community Representation
St Mary’s Day Nursery serves a highly diverse community, including many families for whom English is an additional language. In recognition of this, we actively try and seek to appoint trustees who reflect the backgrounds and experiences of the families we serve. This ensures the board remains inclusive, representative, and responsive to the needs of our community. This is the ideal though not always achievable.
3. Skills-Based Recruitment
It is essential that all trustee roles are filled by individuals who possess the necessary skills and experience required to fulfil their duties effectively. As such, we conduct skills audits and identify gaps on the board to guide our recruitment efforts. This may include expertise in areas such as finance, early years education, HR, safeguarding, or charity governance.
4. Constitution and Appointment Flexibility
Our constitution permits us to recruit trustees from outside the Parochial Church Council (PCC), which we view as a vital provision in helping us broaden the pool of potential candidates. We make use of this flexibility to bring in individuals who are best suited to meet the current needs of the Nursery.
5. Parent Trustee Representation
We are committed to appointing a parent trustee where possible, recognising the valuable perspective they bring to governance. However, we also acknowledge the demands of the role and the time commitment required. Any parent trustee must be fully informed of their responsibilities and supported appropriately to participate effectively.
Conclusion
St Mary’s Day Nursery remains committed to ensuring our board of trustees is both capable and representative. Through a considered and transparent recruitment process, we aim to ensure trusteeship is accessible while upholding high standards of governance and accountability. Recruitment is a challenge, and we continue to make the board of Trustees a place of joy where each voice is heard and valued as we work towards the ideals, we have set out in our recruitment policies.
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The Trustees' report was approved by the Board of Trustees.
Rev'd J Scott Trustee
28 July 2026
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ST MARY'S DAY NURSERY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST MARY'S DAY NURSERY
We report to the Trustees on our examination of the financial statements of St Mary's Day Nursery (the Charity) for the year ended 30 September 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
We report in respect of our examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of the I C A E W, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jervis & Partners
30 Harborough Road Kingsthorpe Northampton NN2 7AZ 28 July 2026
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ST MARY'S DAY NURSERY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 246,570 | 244,169 |
| Charitable activities | 5 | 103,484 | 122,178 |
| Other trading activities | 3 | (388) | (226) |
| Investments | 4 | 756 | 847 |
| Total income | 350,422 | 366,968 | |
| Expenditure on: | |||
| Charitable activities | 6 | 331,139 | 334,961 |
| Total expenditure | 331,139 | 334,961 | |
| Net income and movement in funds | 19,283 | 32,007 | |
| Reconciliation of funds: | |||
| Fund balances at 1 October 2024 | 93,190 | 61,183 | |
| Fund balances at 30 September 2025 | 112,473 | 93,190 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ST MARY'S DAY NURSERY
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2025
| Notes Fixed assets Property, plant and equipment 11 Current assets Trade and other receivables 12 Cash at bank and in hand Current liabilities 13 Net current assets Total assets less current liabilities The funds of the Charity Unrestricted funds 15 |
2025 £ 632 118,527 119,159 (8,913) |
£ 2,227 110,246 112,473 112,473 112,473 |
2024 £ 337 100,426 100,763 (10,330) |
£ 2,757 90,433 |
|---|---|---|---|---|
| 93,190 | ||||
| 93,190 | ||||
| 93,190 |
The financial statements were approved by the Trustees on 28 July 2026
Rev'd J Scott Trustee
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% on reducing balance Fixtures and fittings 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of non-current assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Income from donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Donations and gifts | - | 10,810 | |
| Grants | 246,570 | 233,359 | |
| 246,570 | 244,169 | ||
| Grants | |||
| Government grant income | 246,570 | 233,359 | |
| 246,570 | 233,359 | ||
| 3 | Income from other trading activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fundraising events | (388) | (226) | |
| 4 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest received | 756 | 847 |
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
5 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Nursery fees received | 103,484 | 122,178 | |
| 6 | Expenditure on charitable activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 268,706 | 261,117 | |
| Depreciation and impairment | 530 | 708 | |
| Staff Training | 164 | 1,834 | |
| Rent and utility costs | 29,410 | 32,807 | |
| Repairs and maintenance | 6,962 | 11,813 | |
| Insurance | 2,070 | 1,548 | |
| Kitchen expenses | 10,064 | 9,274 | |
| Telephone | 754 | 914 | |
| Postage and stationery | 3,093 | 3,825 | |
| Paint, paper and toys | 6,276 | 5,626 | |
| Office expenses | 1,690 | 3,972 | |
| Bank charges | 281 | 427 | |
| Accountancy and legal fees | 1,139 | 1,096 | |
| 331,139 | 334,961 | ||
| Analysis by fund | |||
| Unrestricted funds | 331,139 | 334,961 | |
| 7 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 1,139 | 1,096 | |
| Depreciation of owned property, plant and equipment | 530 | 708 |
8 Trustees
Mrs L Rosling received £27,350 in respect of her work as Administration Assistant. No other Trustees received remuneration.
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
9 Employees
The average monthly number of employees during the year was:
| Management and staff Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 17 2025 £ 251,703 11,190 5,813 268,706 |
2024 Number 17 |
|---|---|---|
| 2024 £ 243,837 11,659 5,621 |
||
| 261,117 |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Property, plant and equipment
| Plant and equipment Fixtures and fittings £ £ Cost At 1 October 2024 7,003 49,684 At 30 September 2025 7,003 49,684 Depreciation and impairment At 1 October 2024 6,442 47,488 Depreciation charged in the year 78 452 At 30 September 2025 6,520 47,940 Carrying amount At 30 September 2025 483 1,744 At 30 September 2024 561 2,196 12 Trade and other receivables 2025 Amounts falling due within one year: £ Other receivables 632 |
Total £ 56,687 |
|---|---|
| 56,687 | |
| 53,930 530 |
|
| 54,460 | |
| 2,227 | |
| 2,757 | |
| 2024 £ 337 |
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ST MARY'S DAY NURSERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
13 Current liabilities
| 13 Current liabilities |
||
|---|---|---|
| Other taxation and social security Other payables Accruals and deferred income 14 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 4,984 2,700 1,229 8,913 2025 £ 5,813 |
2024 £ 5,679 2,311 2,340 |
| 10,330 | ||
| 2024 £ 5,621 |
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
October 2024 Incoming resources Resources expended At 30 September 2025 £ £ £ £ 93,190 350,422 (331,139) 112,473 October 2023 Incoming resources Resources expended At 30 September 2024 £ £ £ £ 61,183 366,968 (334,961) 93,190 |
|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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