Micklefield Nursery School (Seaford) (A company limited by guarantee) Trustee's Annual Report and Financial Statements Year ending: 31 August 2023 Charity number: 307010 Company number: 787663 xxx Ofsted Outstanding Reference and Admlnlstrallvg Inforniatlon: Registered offi￿. Mi¢klefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN. Trustee meetings attendees. Mrs. M Sta￿Y rustee - chairl Mr. P Gallagher rrrustee] - resigned February 2023 Mr5. J Hanby rrrustee] Mrs. F Wright rustee] Mrs. A Buroni rustee] Mrs. E Piper tTrustee] Mr. A Woods trrustee] - appointed June 2023 Mrs. K Elliott [Nursery Manager- non-voting] Miss. K Martleet [Business & Finan￿ Offi￿r- non-votingl Independent ex8miner. Shoreline Accountants Limited Chartered Accountants 25 Clinton Pla Seaford East Sussex BN25 1 NP statement of trustees, responsibilities. The trustees (vtho are also the directors of Micklefield Nursery School (Seaford) for the purposes of company law) are responsible for preparing the Report of the Trustses and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. The trustees are responsible for keeping proper accounting records vthich disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Statement of Recommended Practice (SORP). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Structure, Govemance and Management: Nature of the Goveming Document and constitution of the ch8rfty. The charity is constituted as a company limitsd by guarantee and is Iherefore govemed by a memorandum and articles of assoclation adopted on 23 July 2007. The trust is administered by the Council of Govemors who are trustees of the incorporated trust. Eligibility for membership of the charity and membership of the board of trustees is govemed by the memorandum and artides of association. There are no restrictions in the goveming document on the operation of the charity or on its investrnent pov￿rS, other than those imposed by general charity law. Trustees have not taken any remuneration or expenses during the year but volunteer their Ser￿￿$ in the interests of ensuring first class preschool provision for the children of the charity. There is a family connection belween Kiesa Elliott (daughter) and David Lane (father). with the full knowledge and approval by the Goveming Body. Methods adoptsd for the recruitm8nt and appointment of new trustees. The admission of new trustees {members) requires the approval of the Governing Body which has absolute discretion a5 to the admission of any person. Majorrisks to which the charity is exposed, reviews and systems to mitigate risks. The Governors have assessed the major risks to ￿1¢h the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Policies & PrO￿ureS. The charfty has the following written documents (please see our website).. Acceptsble Use ICT Policy Accident & First Aid Policy Camera, Mobile Phone and Recording Device use Policy Complaints & Compliments Policy Data Protection & Confidentialty GDPR Privacy Nots'ce Emergency Evacuation Fire Safety Policy Food & Drink Policy Infection Control Policy Late Collection Lost Child Mursery and Ouling Mobile Phone and Social Nelworking Policy Medication Policy Online Safety Overall Approach to Risk Assessment Safeguarding Policy Sickness and Illness Policy lthistle Blowing. Objectlves and Activities: Principal Actwity and Object of the Charity. The charity's object is to advance education in particular the education of children below cornpulsory school age in Seaford. East Sussex. UK and the surrounding area. Mission Statement. Chlldren are at the heart of everything dol Benefits to the Communlty. The charity has been educatlng chlldren and benefittSng the local communlty since September 1994. We v￿lCOMe all children from every background. We accept children from 2 years to school age which means we help children learn and develop important soclal skllls they will take with them into main school and beyond. We lay important foundatlons in skllls such as tum taking, staying safe, communication and language development, teamwork and conflict resolution. All these skills enable our chlldren to be a responsible member of their local community. We also V￿rk closely wlth our local schools to prepare our children for starting main school. A¢hl•vem•nt8 and Perfomiance: ACh￿veMentS. We have continued to offer our Tiger Club services meaning that chlldren can attend the Nursery 8.00am to 5:30pm, durlng Temi Tlme. Thls has been a popular choice with our working familles. We now welcome families into the bullding at plck up tima and offer full nursery viewings to prospective children. Working with and supporting familie8 Post COVID continue8 to be a real focus wlthin the nursery. Friends of Micklefield. This year has been a good fundralslng year for Mlcklefleld Nursery wlth a total of £1,356 raised, less £247 costs. We held a Christmas Sing-a-Long, Easter Raffl6 and Teddy Tombola and an end of temi raffle. Our main focus on fundraising for the school year was for a climbing wall to be placed in one of our Woodland Village gardens. We raised £500 towards thls. Forest School. Micklefield now offer aftemoon 'Forest School, outings to our pre4chool children. Activities include trips to the local park, Forest School activities in a neighbou¢s garden and attendlng the Forest School site at our local Primary School. Children. The charity is open for 38 weeks in each year, and currently has 136 active thildren on its register. The charity offers up to 10 x three-hour sessions per week from 9am to 12pm and 1pm to 4pm Monday to Friday (excluding bank holidays). We also offer a 1-hour lunch session 12pm to 1 pm and parents can choose mominglaftemoon sessions of 3 or 4 hours or all-day sessions of 9.5 hours. The nursery also offers Early Morning dub from 8.00am to 9.00am and Afternoon club 4:00pm to 5.'30pm. Staff. The charity employs 31 stsff directy invofved Imth the children and 4 administrative stsff, with the following breakdown. Nurséry Manager Deputy Manager Business & Finance Officer Early Years Team Leader IT Consultant Nursery Assistant Nursery Practib"oner SENCO Lead Fore81 School Lead Forest School Assistant Senior Administrative Coordinator 17 S81aries. The charity pays staff the Govemmenfs National LSving Wage or above. Staff who are on a tem-ts'me contract are paid 38 weeks of the year when the charity is open, but their pay is spread over 12 equal monthly payments per year as staff prefer tt that way. Staff are also paid their statutory holKlay ents'llement. Capacity. Children numbers always start off I0￿r at the start of ts school year (September) but build up over the year. We had a total of 136 thildren on our books for our summer temi. Funding and Tax-Free Childcare. The charity offers 30hr funded places (subject to capath) to parents. The charity also offers places to families eligible for 2-year-old funding. The charlty Is also registered as a Tax-Free Childcare provider. Advertising. The charity has a Facebook page administered by our SenK)r Admin. Coordinator and a web site ￿￿.MICkIefieldnUrSery.Co.uk'. Adverts are also placed in local papers, booklets etc. Flnanclal Revlew: POli￿.eS on r8S8rves. The level of reseNes is £392.903 (2022.. £432,375). Ifs Ihe policy of the charity that unrestricted funds bthich have not been designated for a specific use should be maintained at a level equivalent to at least six month's expenditure. The trustees consider that reserves at the level will ensure that, in the event of a significant drop in funding. they Y￿11 be able to continue the charity's cu￿ent activities while consideration is given to ways in which additional funds may be raised. Tumover and Prorrt. The past year has been especially challenging, but Micklefield was able to adopt very careful management of costs. The charity's turnover was £401,948 (2022: £446,664) resulting in a trading loss of -£49,212 (2022.. +£18,499) sin￿ the Cov1￿19 pandemic we have been waiting for a year like this so have been building our reserves. The 9.7% wage increase also had a big impact on the company's finances. Share Capital. The company is limited by guarantee and therefore has no share capital. All trustees are members of the company and guarantee to contributs not exceeding £10 in the event of a V￿ndIng up. Income and Expenditure Bre8kdown. The main funding for the charity is provided by East Sussex County Council's Service Agreement for Providing Free Early Leaming Places {ELPs) for Two Year Old's and Early Years Education Ents'tlement (EYEE) for Three & Four Year Old's. This accounted for 70% of the charity's total income, with the remaining 30•￿ coming from unfunded thildren, lunch club, bursaries and fund raising. The major expenditure was staff wages amounting to 82% of the total costs. Approved by order of the board of trustees on ... ....../.f../.0 21.. 2.4.... ... and signed on its behalf by.. Mrs. M Stacey- ChaiTman of the Trustees Compw re￿$￿a￿ll number. 00787663 Charity r¢gistratiQD DU￿bEr. 307010 MICKLEFIELD NURSERY SCHOOL (SEAFORD) (A company limited by slwe witai) foT th¢ y￿ Ended 31 Augpjst 2023 Shor¢lin¢ A¢¢owitants Ltd llldepeodent Ex8min¢r 25 C]inton Place Seaford BN25 INP MICKLEFIELD IYURSERY SCHOOL {SEAFORD) Contents 2to3 Bthnce Sbert Notss tothe FitwiciaI Ststewts 7t015 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Referenee and Admhthtrgtfve Details Ch•rity ReglstrathiD Number 307010 Company Regbtratloll Number 00787663 The ¢knity is illcorporated in Eagl￿d & Wal¢s. Mi¢kl¢field Nur5¢ry School Sutton Avenue East Sussex BN25 4LN IndepeDdeDI Examlner Shor¢liDe A￿oUnts￿ts Ltd Independent Bxomin¢r 25 C]iutort Plac¢ East Sws¢x BN25 INP Page I MICKLEFIELD NURSERY SCHOOL (SEAFORD} Truteeyl Report financial ststements of the charitable compaDy forth¢ ye4r ended 31 Aw 2023. Objeetlves aod ae¢lvlthJ ObJe¢ts 4Tndoln in Seafort Epst Sllqsex. UK and the surrounding are& On l* September 1994 the senior sthool merged witb W&thut5t College. Sth¢e that date the thLSt Iw continued purety4s a nurn¢ry school. Trnstets •nd tyffletrs The tsustees and officers serving dwing the Ye￿ and 3iuc¢ th¢ Ye￿ ¢ndHwe as follows: Mrs Mithelk Stacey Mr5 J Hanby Mrs Fler Wright Ms A]ice Buroni Mi Fjnity Piptr governaDce and ￿anageM¢￿t NalMreofzov¢rnlng drtAmeMI Th¢ rbarty is constituted as a company limited by guarante¢ and is th¢r¢for¢ governed by a memorandum and articks of &T5wiation adopted on 23 July 2007. The tswt is admiri￿ by the Council of Goverllo￿ who ¥re trustees of the iDwMed tswst. Eiigibilty for nwthtshxp of the ¢l18rity and membership of the board of thths is governed by the m¢tDOTankn aud arti¢l¢s of a&socia¢ion. Th¢r¢ ar¢ no r¢stri¢tiOM in the governing dwllnent on the operation of the ch￿lty or OD its inve5ttneDt pr)wer& other than th05¢ i]nposed by general charity l&w. Th￿te¢S bave not tsk¢n #ny T¢mun¢rntion or exp¢ll5¢5 duTiDg the yw Yolwiteer their s¢rvi¢¢s In the interests of eDsufiDg first clas5 pr¢5th001 provision for the thildren of the charity. Th¢re ts a fatnlly connection between tbe Nuryery Mgnag¢r (dau¥h*T) snd CIMtulluDl¢¥ttons Consul¢on¢ (father). th¢ full knowledge approval by th¢ Gov¢ming Body. The odmissloD of ttew trlls*es (memb¢rs) requires the approval of the Governing Body which h&8 absolute discretion as ¢0 the admi5SiOD of any p¢rsoJL Pag¢ 2 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Trusteej, Report ma￿￿5k5 andmonazelxenl olthosertJAf Th¢ Governors bave a55e53¢d th¢ Jnaior Tisks to which the trust is exposed and are satisfied that Syst￿ are in plac¢ to wtigat¢ exposure to the major risks. Ewpl&ye¢ iuYolveweDt Poli¢i¢s & Procedures. The chariry has the following written documents: Acceptable Use ICT Policy . AdmiDi5W Medicalion Policy . Camer4 Mobile Phone aTHI RecoTdiDg D¢vi¢e use Policy . Complaints . GDPRDats Protection Policy . GDPR Privw Notice . E4D¢rgeD¢y EVa￿ation • Food & Drink Poli . tnfection Control Policy . L8t¢ Collertton . Lost ChildNuTS¢ry and Outing Mobile Photte and Social Networkitig Polity . Risk A>8essMi Cb¢¢ks . Risk As5¢s5llMt Policy . Safe Care and Practice . SafeguerdinB Children . SiekDe$5 Illn¢55 Policy . Whistle Blowing. The aDnual t¢￿rt was approvedby the tNstses ofth¢ ch￿lty Oll ! 1./.d.l by sharn c4)itaL illcoryorated itt En￿d & Wales. Mi¢klefield Nwsery School Sutton Avenue East Sussex BN25 4LN 2 A¢fouD¢lng poilclcs Summary olslRDIficoDt 8ecouDtlng polleie5 aDd key #¢fotttttlng esthnAtss The principal accounting policies applied in the preparntion of these fitsattciai statenwts ar¢ s¢t below. These policies have been consistently applied to au th¢ years pres¢llt¢￿ unless otherwis¢ s￿e(l StgtemeDt of Compli￿¢* The financial statements hove been prepared iti o¢¢ordan¢¢ with A¢¢ounting and li¢porting by Ch￿ltieS. Statemettt of Reeomtttended Praetiee (applicable to ¢hariti¢s preparing their accounts in accordance with th¢ Fiogncial R¢porting Standard applicable in the UK and Republi¢ of Irelolld (FRS 102)) (issued iti Odober 2019) . (Clwiti¢5 SOIIP (FRS 102)). the Financial Rewtitig Standard applicable iti the iJK artd Republi¢ of IT¢1• (FRS 102) andthe Compaoies Act 2006. Basis of preparntion MICKLEFtEID NURSERY SCH(K)L (SEAFORD) meets the defmition of a public l)enefit entity under FRS 102. Assets and liabilities are initially reco8nised at historical cost or Ir8L8thn value unless otherwise ststed in Incom¢ and ￿lI0￿Ments All iticome is reco8Dised ottce the ¢h8rity IMS entiti¢m¢ni to th¢ in¢rrftK 1¢ 15 probabk th* th¢ in¢Oll￿ will Ix reeeived 8t￿ the amount ofthe incojne receivable c3Tr be mA8ured reliably. Donarfons andlegfjeleJ Donations are recogDised when the cbarity Iw been nottfied in writing of both the amoutrt settlement date. In the event that a donation is subject to conditions that require a level of perfomMn¢e by the charity before the charity is entitled to the fiJnd4 the income is deferred and not reco8tiised utttil either those Conditions are fi￿Y ¢L or th¢ fidfi]uMt of thos¢ ¢Ollditio￿ is wholly within the wn¢rol of the chrity and it is probabl¢ that these Conditio￿4 will be fi￿led in the T¢POrtiDg period. Grants are recwised when the charity Iw an entitlement to th¢ fimd5 and any o)nditsons lillk¢d to the have been meL Where p￿OrnIan¢t ¢onditioDS are attached to the grant and are yd to be mel the inme is O￿lis¢d as a li4bliity and in¢luded on the bal8]Ke theet a5 deferred income to be Y*le8se41 Page 7 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to the FinaDcial Statements for the Year Ended 31 Augwt 21J23 Dividends are r¢cogDixd owe th¢ dlvidelld bgs beett dKl#r¢d *KI Dodfic*¢iott b¥ been received of the dividend EipeDditsr¢ All expenditure is tecO￿lled Ol￿e there is a le8al constnth obli8ation to that expellditir4 it is probable settlement is Teguired the aTnouttt Catt be measured reliAbty. All costs are allocated to the applicabl¢ expelldittwe ￿dillg th* ￿￿e¥Ste slmllar costs to that tate80ry. Where eosts canttot be direcdy attnlyjted to cosrs allocated on the basis of time SPCD¢ aDd depreciation ¢baTg¢s all0￿1¢d on the Pffjion of the ¥sset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. R4tslngfvftdt Support eosts Support ￿tS include c¢nknL Ilm￿1￿ ¥ttd bave been allocated to ￿livI￿ Cost c&te8ories OD a b&8iS CODSi5t¢nt with the use of rwources. for ¢x8mple. all(￿￿1￿& property ¢05ts by floor ar￿ or per caplty staff costs by th¢ ¢im¢ 5p¢nt ottd other c4)sts by tbeir usage. Govern8nee eosts These include the wsts attributabl¢ to th¢ ¢hwlty's ¢omplian¢¢ with cotistitutional and statutory r¢quirem¢ in¢luditig audii strategic management and trus￿¢$.3 Tne¢tings and r¢imburs¢d ¢xp¢nw. Government GOvern￿t wants aye recogDised based on the accrual model and are measured at the fair v8lu¢ of the ￿et rec¢iv¢d or Teceivable. Grants are ¢I￿stfied as relatitig either to revenue or to assets. GraDts Telating to revenue aye TecogDi5ed io iDCOm¢ over the wiod in whi¢h the r¢lat¢d ¢os¢s OTe reeogtiised. Gmts relatiD8 to assets are recogDised over the expected useful life of the asset. Where part of a gant relating ¢0 an a55¢1 is d¢f¢rre4 it is r¢¢ogtttsed ls deferred income. T￿at10D Th¢ ¢hw is co[￿ld¢red to Pg$8 the tests set out in PaTrwh I S¢hedul¢ 6 of the Finance Aet 2010 And therefore it meets the definition of a ¢barit8ble ¢ornpany for UK WPOTation lax pwplises. Accordingly. the ¢h8rity is potentially exempt fmm tsxation in re5pe¢t of income or ￿PItal 8aiDs received within ¢&tegori¢5 eovered by Chapter 3 Part 11 of the Coo)orntioll Tax Act 2010 or Sectiott 256 of the T￿tIon of Chargeable Gain8 A¢t 1992. to the extetttthat such lttcome or gaitis w¢ oppll¢d ¢xc]usiv¢ly to ¢lwtthble putposw. TaDglble fixed asy•ts Indivithwl fixed wets eosting £0.00 or Jnore ore Initially r¢rorded * ¢05L 1¢55 any sub5equ¢nt ￿ruM￿l￿t d¢pTeciation 8Trd sub5¢qu¢nl accurnul8t¢d impaitln¢DI losses. tkprerlation and *m•rtiMtitin Depreciation is provided on tangible fLYed ￿Sets so Ls to wrhe off the eos¢ or Yoluatlofy less thy esdTts￿ residual value. over their expected usefill economic lifr as follows: Pag¢ 8 MICKLEFIELD NiIRSERY SCHOOL (SEAFORD) Notes to tb¢ Flnan¢ial Stat¢m¢nts for the Year Ended 31 August 2023 Stock Stock is valued at the lower of cost and estitnated selliDg price ks$ costs to complete and selL ofter due rewd for obsolete attd slow nThing *o¢k& Cost is drtermined usitig tbe fJrst-iN first•OUt (FIFO). Trade deb¢ors Trnde debtors ate am¢ymts thie from ujstomers for sold or seftyiees performed in the ordinary course of bwittess. Trndt debtth5 are Te¢0￿ initl4lly at the trw)sa¢tion price. They are 5uiwueDtty [D¢aSu￿ * am4)th5ed ￿5¢ using the effective int¢r¢5t method less provision for impirment. A provision for th¢ impairm￿t of trwJ¢ debtors is established when theye is objective evidence that the ¢harity will not be able to colkct all amoullts due a¢corditi8 to the original terms of the receivable& Casb *od equlvaietsts Cub and casb equivale1￿ ￿prIse cosb on hand and Call deposity and otr short-temi hi8hty liquid it)vestments that are readily ￿)Ver￿￿*1¢ to a known amount of easb and are subjeet 10 9tt inswific8nt risk of Borrnwlngs JDt¢rest.bearing borrowing5 are initially recorded at ￿ valu4 net of trans&ctiOD Costs. Jnterest-bearing Yings are subsequently ￿ried at amortised cosu with the difference between the proceeds, net of IraTtsaCtion co4 and the amount due on redemption being reCog￿ed as a charge to the Statement of Financial Activities ov¢rthe perityl of the relevant b¢KrowiDg. Jnterest expense is reco8Dised on the basis of the effedive iaterest method attd is ittcluded in inierest ￿Yable and similar chatBes. Borrowiw are classif￿d as current liabilities unless the ¢hority has all ullcondition￿ right to defer S￿tlement of the liability forat le8Sttwelve months afterthe reporting dllte. FuDd stru¢ture Unrestrtcted income fijnds are 8ener&l fi￿d% that art aV4ilable for use at the ttwstees disc￿lon in fillther￿ of the objKtiv¢5 of th¢ clwity. MICKLEFIELD IYURSERY SCHOOL (SEAFORD) Notej to the Fin*n¢i41 Statements for the Year Ended 31 Angust 2023 Fln*Ddal SngtrnmeDts 3 Income from d4)B#tlolls and le8*d Unrestrieted funds G¢lleral Totsl fiwds 128.731 128.731 . including capital grants; 270 860 270.860 Totsl for 2023 399 591 399 591 Totsl for 2022 445.866 445.866 4 I￿vestMe￿I i4¢•mt UDre4trIeted di General Tot#1 fuDds Inter¢5t rxeÈvsble and $imilar income" Inierest rec¢ivable on baDk deposits 2.359 1359 Totsl for2023 2,359 1359 Totsl for2022 798 798 5 Expendltsre 00 ralslD8 *) Costs of gener4tlDg donatlons and ]egacles Unrestrleted rulld5 GeDer41 Total fulld3 Note Allwat¢d $UPPDrt costs 247 247 Total for2023 247 247 Totsl for 2022 220 Pa8e 10 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to th¢ Finan¢ial Statements for th¢ Yev Ended 31 August 2023 b) Costs oftradkng 4¢tlYlilos Totsl l￿d9 G¢ner•l Not¢ Costs of 8OL*b sold Other dirert costs of aetivilies for 8etteiatin8 fimds Allocated support costs Total for2023 3.347 4,459 130J41 3.347 4,459 130.341 138.147 138.147 Total for2022 131167 131 167 Total eogts 6 Expendlthre OD thrhable *thltle5 Unre5￿cled Tot*1 fun Gen¢rAI Total for 21122 Total expenditure tn addi¢ion to th¢ eX￿ndItUre attatysed abov4 there )T¢ also 8overnon¢e costs of £13,687 (2022 - £13.781) which relate directty to Cbaritable activities. See note 7 for firther dettiib. 7 Allalysls of 8overn*nee and support eojts Govtrn8nee costs Pa8ell MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to th¢ Finan¢lal Stat¢m¢nts for the Y￿r Ended 31 Amgwt 2023 fllnd$ G¢neral T•t*l funds 13.687 Totsl (or 21)23 Totsl f•T 2022 13.781 13.781 8 N¢t lu￿1￿￿￿￿tED1￿8 regourees Net (oWill8yiticomltiB resou￿ forthe year include.. 2022 Depreciation of fixed 98sd8 13.687 9 Tnwt¢es remunergllon and expewe5 io Stsff ¢osts Th¢ pAyroll COSts￿le as follows: 2023 2022 S14ff ¢0gts durlng the ye8rwere: W8ges and salaries Social s¢cwity costs 294.463 4.618 279.(K18 3.990 282.998 Page 12 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Not￿ to th¢ FIDanelal Statements for the Year Ended 31 August 2023 11 TaJatiOD Th¢ cbty is a regist¢red tharity and is the￿fore ¢x¢mpt from 18xatlon. 12 T4Dglble Ilxed ￿8￿ts and bulldADgs Furnithr¢ and O¢h¢T tattglble equipment r￿ed wset Totsl At I S¢o#ttber2022 AdditioDS 50.000 101.774 217.055 2.100 368,829 5223 At 31 Au8USt 2023 50.000 104.897 219.155 374 052 D¢preci*tloll At I September2022 11.41)0 14 94.929 109.387 215,716 16.W2 At 31 August 2023 97244 109.387 232.318 N¢t bookvalue At 31 August 2023 7.653 109.768 141.734 At 31 Augu5¢ 2022 38.600 6.845 153 113 13 Sto¢k 21J23 2022 50 50 14 Debtors 2023 2022 Trade debtors 1,187 6280 3.732 5.233 10.012 IS Cash and casb equlvaleDts 2023 2022 250 245 953 725 274246 274.971 Page 13 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to th¢ Finan¢kni Stst¢ments for the Yv4r Ended 31 August 2023 16 Credttorn: fth8 d￿¢ withiti •n• yMr 2023 2022 Trnde creditors Other t8Xation and so¢iai seciirity 3215 3,199 138 2JOI 2J59 8,878 17 Credltorn.. falliug dll¢ •fter •u¢ ye•r 1.118 912 18 Sbare tapllal 19 Fllnds Bal8nt¢ #t I September 21)22 Resollrtes ¢xpend¢d Balgftee 8t31 August 2023 re50urce5 Uryrextricted 432,436 401.950 451.162 383224 B4tsoc¢ at I September 2021 IDcomtng resourtes Resourees expended BalaD¢e at 31 A￿gust 2022 Unmtrl¢t¢d fmttds General 413,937 428.160 432.435 20 Allatysts ofnet asjets between hiDds Unrestrieted runds G¢u¢r¥l Total funds at 31 Allgust 2023 Tall￿￿1e fixed wets 158.336 251,486 (&878) 158.336 251,486 (8,878) 1.118 cu￿ liabiliti Creditors over l yeor Totsl lletas5ets Page 14 M]CKLEFIELD NURSERY SCHOOL (SEAFORD) Notes lo the Fin￿¢1$1 Statements for the Year Ended 31 August 2023 Unrestrkted Total funds at 31 August General Tangible fjxed assets 169.675 285.033 {4.798) 12 169.675 285.033 (4.798) 912 Current liabilities Creditors over l y Totsi net Assets 448.998 21 An*tysis of net funds September Flnan¢lDg eash At 31 August 2022 IloTrY 2023 C&%h atbank and ID band 274.971 N¢¢ debt 274.971 Atl SepteM￿r 2021 274.971 FiD#tttittg ¢osh At31 August Ilows 21122 Cth atbank and in band 259.860 Net debt 259.8(￿1 259.860 P48e 15 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Statement of Financial Aetivities by fund for the Year Ended 31 August 2023 UDre8triet¢d Funds Unrestrlcted Unrestrleted Funds FuDd5 2022 IDeome and EnilovnDeuts frnJD: Donations lewies 399.591 445.866 798 Totsl i￿0￿¢ 401.950 446.664 Expettdiknre Raising fimd5 Charitable activities (437.475) (414.385) 451162 42&166 49 12 18.498 Net movernent in fimd5 (49,212) 18.498 R¢eoD¢iJi#¢ion •f futtds Total fund5 brought forward 432 436 413937 383224 432.435 This pw do¢$ not fonll port of the 5tattrtory finallcial statemen Page 16 MICKLEFIELD NURSERY SCHOOL ISEAFORD) D¢tail¢d Stat¢m¢nt of Fln8nci21 Aelivities for the Y￿r Ended 31 August 2023 Totsl 2023 2022 Donth4indl¢Ka¢les App¢a]s and doDation5 Fe¢5 rKeiYabl¢ 1.464 127267 270.860 3.356 129,664 312,846 445.866 Inveshnenllncon lllterest on casb deposits 2359 2.359 798 Funthaisillg costs Opetting stock C105in8 Stock Tuition Sal Staff NIC (Employers) stsff pensions (Defined ¢ontribution)- pension s¢b¢m¢ I Water rates Repairs and renewals Hire of other &ss¢ts (SW bire) Trnv¢l ond subsiste￿¢ Staff entertaining (allowable for tax) Bad debts writt¢ti off Wages ond salaries Stsff MC (Employers) Stsff pensions (Defined ¢ontnlJution)- peDsion sclmie I stsff trniniDg (247) (50) 50 1294.463) {4.618) (3,347) (2.069) (2268) (1,371) (220) (50) 50 (279.¢)08) (3.990) (3,017) (3.104) (3.244) {1,906) (21) (1.922) (3.165) {61 J69) (4,633) (1.132) (119) (1.770) {4,609) (2.090) (13318) (756) (3,755) (4.766) (11.385) (463) (1.800) {142) (6(10) (655) (2.602) (820) (68299) (5244) (IJ04) (1.172) (3,382) (4315) (2.902) (13.670) (890 (3.988) {3.515) (10.457) Lighl beat and pow¢r B￿)ke& equipment ortd m*erAai Tekphone and f*x Computer software and n￿lDtenanCe costs Prilltt￿ postsge and stationery Cleaning Advertising Accoutllattcy fees L¢go1 aud proftssional fees Depreciation of fr¢¢hold prop¢Tty Depreci￿10￿ of plaDt and mxhinery (1,836) (1.775) (600) (370) Thi5 page dc¢s ll(rt forni patt of the sthtuw fit)ancial statem Page 17 MICKLEFtELD NURSERY SCHOOL (SEAFORD) Detsiled Statement of Fitian¢ial A¢15vities for Ib¢ Y¢*r Ended 31 August 21ll3 Total 2022 2023 (￿11) (1.031) 495 De￿￿l&tiOn of office equipment 437.475 DeprcciatiOD of Fr¢ehold IM￿0verne￿ts to propety 13.68 13.781) 13.781 13.687 Thts pa8e does not fonll of the St￿tOry fllwiciaj statements. Page IB EXAMINERS REPORT for Mield¢field Nurse S¢hool ford I rep)rt on the Accounis of th¢ Or8anisa¢ion for the p¢riod ended 31 August 2023. Re¥pe¢tivt Responsibilities of Trustees and Examiner As the organisation's trustees you are responsible for the preparation of the A¢counls' The Organisation's trusiees consider that an audit is not ￿qUIred and that an ind¢p¢ndent examination is needed. li is my responsibility 10: Examine the ac¢oun¢s. To State whetlier particular matters have come to my attention. Ba*ts ofindependent Examiner'$ Report My ex8minaiion was carried out in a¢¢ordance with Ihe general directions given by ¢he Charity commi￿lOnerS. An examinaiion includes a review of ih¢ a¢counlin8 r¢¢ords kept by thc organisation and a comparison of the accounts presented with those record5. 11 also includes consideration of any unusual ilems or disclosures in the accounts and seeking explanaiions froin you as Irusiees conceminy any such mall¢rs. The procedures undertaken do nol provide all ihe evidence that would be required in an audit, and conscqucntly I do not express an aiidil opinion on lh¢ view given by the Acc(yunL8. Indep¢nden¢ Examlner's S¢•tement In connection with my examination, no matter has com¢ to my attention: l ) Which gives me reasonable cause io believe ihal there has been any material errors or omis5i0ns. or 2) To which, in my opinion. a¢lenlion should te drawn to enable a proper understanding of the accDunl8 io be reached. M J Boxall, AFA, AAIA Shoreline Accountants L4mited 25 Clinton Pla¢t Seaford E*$1 Suyyex BN25 INP Mark J Boxall . .Date 11/11 /2W.........