Micklefield Nursery School (Seaford) (A company limited by guarantee) Trustee's Annual Report and Financial Ststements Year ending: 31 August 2024 Charity number: 307010 Company number: 787663 Reference and Administrative Infomiation: Registered office. Micklefield Nursery School Sutton Avenue Seaford East Sussex BN25 4LN. Tmstee meetings attendees. Mrs. M Stacey tTrustee - chair] Mrs. J Hanby trrustee] Mrs. F Wright tTrustee] - resigned January 2024 Mrs. A Buroni trrustee] Mrs. E Piper trrustee] - resigned January 2024 Mr. A Woods trrustee] Mr M Johnson tTrustee] - appointed February 2024 Mrs H Clark rrrustee] - appointed May 2024 Mrs. K Elliott [Nursery Manager - non-voting] Mrs. K Marfleet [Business & Finance Officer - non-voting] Independent examiner. Shoreline Accountants Limited Chartered Accountsnts 25 Clinton Place Seaford East Sussex BN25 1 NP Statement of trustees, responsibilities. The trustees (who are also the directors of Micklefield Nursery School (Seaford) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿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 which 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, Governance and Managemen Nature of the Goveming Document and constituhon of the cha17ty. The charity is constituted as a company limited by guarant￿ and is therefore governed by a memorandum and articles of association adopted on 23 July 2007. The trust is administered by the Council of Govemors who are trustees of the incorporated trust. Eligibilty for membership of the charity and membership of the board of trustees is govemed by the memorandum and articles of association. There are no restrictions in the goveming document on the operation of the charity or on its investment powers, other than those imposed by general tharity law. Trustees have not taken any remuneration or expenses during the year but volunteer their services in the interests of ensuring first class preschool provision for the children of the charity. There is a family connection between Kiesa Elliott (daughter) and David Lane (father), with the full knowledge and approval by the Goveming Body. Methods adopted for the recruitment and appointment of new tmstees. The admission of new trustees (members) requires the approval of the Goveming Body which has absolute discretion as to the admission of any person. Major risks to which the charity is exposed, reviews and systems to mitigate risks. The Governors have assessed the Major risks to which the trust is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Policies & Procedures. The charity has the following written documents (please see our website): Acceptable Use ICT Policy Accident & First Aid Policy Camera, Mobile Phone and Recording Devi￿ use Policy Complaints & Compliments Policy Data Protection & Confidentiality GDPR Privacy Notice Emergency Evacuation Fire Safety Policy Food & Drink Policy Infection Control Policy Late Collection Lost Child Nursery and Outing Mobile Phone and Social Networking Policy Medication Policy Online Safety Overall Approach to Risk Assessment Safeguarding Policy Sickness and Illness Policy Whistle Blowing. Objectives and Activities: Principal Activity and Object of the Chanty. The charity's object is to advance education in particular the education of children below compulsory school age in Seaford, East Sussex. UK and the surrounding area. Mission Statement. Children are at the heart of everything we dol Benefits to the Community. The charity has been educating children and benefrtting the local community sin September 1994. We welcome all children from every background. We accept children from 2 years to school age which means we help children leam and develop important social skills they will take with them into main school and beyond. We lay important foundations in skills such as tum taking, staying safe, communication and language development, teamwork and conflict resolution. All these skills enable our children to be a responsible member of their local community. We also work closely with our local schools to prepare our children for starting main school. Achievements and Perfonnance: Achievements. We have continued to offer our Tiger Club services meaning that children can attend the Nursery 8.00am to 5:30pm, during Temi Time. This has been a popular choice with our working families. We now welcome families into the building at pick up time and offer full nursery viewings to prospective children. Friends of Micklefield. This year we raised a total of £796 with our fundraising efforts, less £214 costs. This was achieved by doing a Halloween dress up event, Christmas and end of year raffle and a lucky dip. Forest School. Micklefield now offer afternoon 'Forest School, outings to our pre-school children. Activities include trips to the local park, Forest School activities in a neighbourfs garden and attending the Forest School site at our local Primary School. Children. The charity is open for 38 weeks in each year, and currentty has 136 active children on its register. The charity offers up to 10 x three-hour sessions per week from 9am to 12pm and 1 pm to 4pm Monday to Friday (excluding bank holidays). We also offer a 1-hour lunch session 12pm to 1 pm and parents can choose mominglafternoon sessions of 3 or 4 hours or all-day sessions of 9.5 hours. The nursery also offers Early Moming club from 8.00am to g.00am and Aftemoon club 4:00pm to 5:30pm. Staff. The charity employs 31 staff directly involved with the children and 4 administrative staff. with the following breakdown. Nursery Manager Deputy Manager Business & Finance OffI￿r Early Years Team Leader IT Consultant INA Nursery Assistant Nursery Practitioner SENCO Lead Forest School Lead Forest School Assistant Senior Administrative Coordinator 17 Salaries. The charty pays staff the Government's National Living Wage or above. Staff who are on a term-time 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 it that way. Staff are also paid their statutory holiday entitlement. Capacity. Children numbers always start off lower at the start of the school year (September) but build up over the year. We had a total of 148 children on our books for our summer term. Funding and Tax-Free Childcare. The charity offers 30hr funded places (subject to capacity) to parents. The charity also offers pla￿S to families eligible for 2-year-old funding. The charity is also registered as a Tax-Free Childcare provider. Advertising. The charity has a Facebook page administered by our Senior Admin. Coordinator and a web site 'www.micklefieldnursery.co.uk'. Adverts are also placed in local papers, booklets etc. Financial Review: Policies on reseNes. The level of reserves is £440.046 (2023: £392.903). IYS 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 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 will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Tumover and Pmfft. The past year has been especially challenging, but Micklefield was able to adopt very careful management of costs. The charity's tumover was £577,159 (2023: £401,950) resulting in a trading profft of £56,753 (2023." loss of -£49,212) After the loss of the previous year, we increased our hourty rate to off set some of the National Living Wage increase. Share Capital. The company is limited by guarantee and therefore has no share capital. All trustees are members of the company and guarantee to contribute not exceeding £10 in the event of a winding up. Income and Expenditure Breakdown. The main funding for the charity is provided by East Sussex County Council's Service Agreement for Providing Free Early Leaming Pla￿S (ELPS) for Two Year Old's and Earty Years Education Entitlement (EYEE) for Three & Four Year Old's. This accounted for 70¥0 of the charity's total income, with the remaining 300h coming from unfunded children, lunch club, bursaries and fund raising. The major expenditure was staff wages amounting to 83% of the total costs. Approved by order of the board of trustees on ...................-.....-.........-..-... and signed on its behalf by: Mrs. M Sta￿y- ainnan of the Trustees Company re￿10￿ number. 00787663 Charity rewion number. 307010 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Allnu￿ Rwt and Fitwi¢ial StatoDents for the Year F￿ded 31 Augiisl 2024 Shoreline Accountants Ltd ]nd¢pendent Examiller 25 Clinton Place East Sussex BN25 INP collt￿ts 2to3 Balance Sheet Notss to the Flllallchl Ststements 7t0 15 MtCKLEFIELD NURSERY SCHOOL (SEAFORD) Reference and Administrative DetaiL8 Cbarity Reglstratlon Number 307010 Company Regiitration Number 00787663 The charity is incorpornted in England & Wales. Micklefield Nursery School Sutton Avenue Seaford Registsred Offi¢¢ BN25 4LN IDdepeDdent Ezgmlner Shoreline Ltd Independent Examiner 25 Clinton Place Seaford East Sussex BN25 INP Page I MICKLEFIELD NURSERY SCHOOL (SEAFORD) Trustees, Report Objectives aDd a¢tlvhle8 Obieets and al The charity's obje¢t is to advance education in particutar th¢ educ8ti¢)n of children below compulsory school age On 1st September 1994 the senior school meryed with Wadburst College. Sin¢¢ that dats the tsvst h&8 eontinued purely &8 a nursery sthool. Trustees and officers The and officers serving during the y¢ar and sinc¢ the year end w¢r¢ as follows: Tnutees: Mrs Michelle Stacey Mrs J Hanby Mrs Fler Wright (resigned 31 January 2024) Ms Alice Buroni Ms Emijy Piper (resigned 31 January 2024) Mr A5bl¢y Wood Hatmah-Louise Clark (appK)inted 24 May 2024) Mr M￿k Andtew Johnson (appointed 19 FebNary 2024) Structure) governance and management Nalmre ofgoverning docunwnt The charity is CODStituted as a compally limited by guarantee and is therefore govern￿ by a memorandum and articles of association adopted on 23 July 2007. The trust is administered by the Council of Governors who are trustees of the iDCOTporntsd trusL Eligibility for membership of the charity and membership of the board of trustees is governed by the memoraDdutn and articles of &ssociation. There are no restrictions in the governing dwumeDt on the operation of the charity or its investment powers. other than those imposed by general charity law. Tn￿teeS have not taken any remuneration or expeDS¢S duriDg th¢ year but volunteer their Se￿1¢eS in the ioteresls of ensw)￿ first class prescbool provision for the cbildrcn of the charity. There is a family connectiim between the Nursery MaDag¢r (daugbter) and Communi¢atiODS Consultant (father), with the knowledge and approval by the Goveming Body. Recrnllnml andappolnlmenl oflruste The athnission of new tntstees (members) requires the approval of the Governing Body which h&8 absolute discretion &s to the admission of any peTSO Page 2 MICKLKFIELD NURSERY SCHOOL (SEAFORD) Trustees, Report Major rtskn ondnwnagement ofthose rtskf The Governors have assessed lh¢ major risks to which the trust is ¢xpos¢4 and are satisfied that systems are in pl￿¢ to mthgate expo￿ to the major risks. Employee involvement Policies & Procedure5. The clwity has the following written documents: . Acceptable Use ICT Policy . Admini%￿l￿g Medication Poli¢y . Camer4 Mobile Phone and Recording Device use Policy . Complaints . GDPR Data Protection Policy . GDPR Prlvaey Notice . Emergency Evacuation . Food & Dri2￿ Policy . Infection Control Policy . Late Collection . Lost Child Nursery End Ollting • Mobile Phone and Social Networt(ing Policy • Risk Assessment Checks . Risk Assessment Policy . Safe Care ond Practice . Safeguarding Children . Sickness and Illness Policy . Whistle Blowin& Disclosure of knformatlon to audltor Each tsiistee hos taken steps that they ought to have tsken as a In￿tee iti order to make thems¢lv¢s aware of any relevant audit infornjation and to establish that the charity's auditor is aware of that inforniation. The trustees confrn that there is no relevant information that they know of and of whieh they know the auditor is unaware. The annual report was approved by the trustees of the charity on .. Mrs Michelle TnW¢¢ Page 3 MICKLLFIELD NURSERY SCHOOL {SEAFORD) Independent Examiner's Report to the trustees of MICKLEFIELD NURSERY SCHOOL (SEAFORD) Cthe Company,) I report to the Charity tntstee5 on my ¢xaminthon of the a¢¢ouuts of the Company for the year ¢nd¢d 31 Augwt 2024. RespoDsibiliti¢s and basis of report As the ¢haTity'S tntste￿ of the Company (end also its dire¢tors for the PU￿0$¢5 of COmPaDy law) you are responsible for the preparation of the a¢couDts ID accordan¢¢ with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied rnyse￿ that the aKounts of the Company are not rquired to be audited under Part 16 of the 2006 A¢t and are eli￿1¢ for independent examinatio￿ E report in r¢spe¢l of my examination of your charity's accounts a5 carried out under section 145 of the Clwiti¢s A¢t 20II ('th¢ 2011 Act,). tn wing out my examination I have followed the Directions given by the Ch4rity Commission und¢r section 145(5)(b) of the 2011 A¢L Independent examlDer's statement Since tb¢ Companys gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 201 l A¢L l confinn that I am qualified to undertake the examinatson because I am a member of tnstitute of Financial Accountants. wbich is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination gtViDg me Cause lo believe: l. accounting records were not kept in respect of MICKLEFIELD NURSERY SCHOOL (SEAFORD) as required by section 386 of the 2006 A￿. or 2. the accounts do not accord with those records. or 3. the accounts do not Comply with the accounting requirements of sethion 396 of the 2006 Act other thall any requirement Ibat the accounts give a 'true and fair view, whi¢h is not a matter considered as part of a independent ¢L￿ni￿atiO￿ or 4. the a￿O￿nts have not been prepared in aceordaDce with the methods and principles of the Ststeftnenl of Recommended Practice for accounting and reporting by clwities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of eland (FRS 102)]. I have no aDd have come across no otlw matters In connection with the examination to which OtteDtion should be drawn ID thi5 report io order to ¢nabl¢ a proper understandtDg of the accounts to be reached. Mark Boxall Independent ExatniDer Institute of FiDan¢ial Accountants 25 Clinton Plac¢ Seaford East Sussex BN25 INP Dale:............................. Page 4 MtCKLKFIELD IYURSERY SCHOOL (SEAFORD) ststement of FinaDcial AetiVAtfies for tb¢ Year Ended 31 August 2024 (1De￿dillg Ineome and ExpeDditure Aeeount and Statement of Total Recognised Gains and Imses) Unrestrlcted funds Totsl 2024 Note Ineome and Endowments from: DonatiODS and legaci 573.356 3.803 573,356 3.803 Totsl income 577.159 577.159 pendlture on: RaisiDg funds Charitable activities (505.731) 14.613 (505,731) Total expenditure Net income 520344 {520.344) 56.815 Net movement ill ftm Conditions that require a level of wf0lln￿ by the charity before the charity is entitled to the fillth, th¢ income is deferred and not recognised utrtil either those conditions are fully mel or the fulfilwt of th(￿ wnditions is whoity withio the control of the ch*ity and it is probable that these ¢onditions will b¢ fulfilled in th¢ r¢poTtiD8 perio Grants recelvable Grants are reeognised when th¢ ¢h8rity has •n eotillement to the fimd% and any Conditio￿ linked to the grants have been meL Where perfornI￿rA ¢onditiow are attKhed to the graut and are y¢t to b¢ m¢L th¢ in¢om¢ is recognised &% a liability and included on the balaoce sheet ￿ defefftd incorne to b¢ rel¢aseiL MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to the Flnanelal Statements for the Year Ended 31 August 2024 Inveslrnl Income Dividends ere Tecogoised ollce the divid¢lld Iw been declared and notification has been received of the dividend due. ExpeDdSknre All expenditure is rewgwsed once there is a legal or conslrn¢tive obli8*ion lo that expellditure. it is probable settlement is required and the amount ran be measured reliably. All costs are allocated to the applicable expenditure headmg that aggreg&te similar Costs to that cat¢80ry. Where costs ¢Wll￿t be d]r￿tlY atknlxrted to particular headings they have been aIlocated on a basis consistent with the use of resour¢es. with central stsff costs allocated on the basis of time spenL and depreciation Charges allocated on the portion of the a5set'5 use. Other support costs 8re allocated based on the spread of staff wsts. R4tsth8fvndf These are costs incurred in att￿tIllg voluotary income. the management of inv¢stmeDts and those incurred An Irading activiti￿ that raise fiwds. Support costs Support costs include central functions and have been allocated to activity cost cateEories on a b&8is ¢on5iSteDt with the us¢ of resource4 for exatnple. allocating propety Costs by fi￿r areas. or per capit4 staff costs by the time spent and other Costs by their usage. Governance costs These include the costs attributable to the cbarity's ¢omplian¢e with ￿nstItutional and ststutory reqllir￿ts. iDcludiDg audil strategic maDa8ernenl and trusttts meetings and reimburs¢d expenses. Government grants Government grants are re￿￿iSed based on the ac￿￿1 model and are measured at the fair valu¢ of the asset received or receivable. Grants are classified as relating either lo revenue or to assets. Grants relating to revenue are recognised in income over the period in whicb the related costs are re¢ognis¢d Grants relating to assets are T￿08n1$ed over the expected useful life of asset. Wh¢re part of a grant relating to an asset is deferre4 it is r¢¢ognised as defetted ineome. Taxation The ¢harity is considered to pass th¢ tests set out in Parawh I S¢b¢dule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble Gompany for UK corporation tsx piirposes. Acwrdingly• the charity is potentially exempt from taxatioll ill respect of income or capitsl gains ttceived within categories cove￿1 by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Cbargeable Gains Act 1992, to the extent that sucll income or gains are applied exclusively to charitable putpos¢s. Tanglble fixed assets Individual r￿ed assets costing £0.00 or more ore initially recorded at C05l less any subsequent accumulated depreciation and subsequent accumulated impairment10s5es. Depreciation and amortbatloD Depreciation is provided on tawble fixed assets so as lo write off the Cost or Valuatio￿ les5 any estimated residual valu4 over their expected usefill pxonornic life as follows: Page 8 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to the Financial Statements for the Year Ended 31 August 2024 Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is detsrnthi¢d usillg the fwst-in, fwst-out fflFO). Trade debtors Trade debtors are amounts due from custom¢rs for mer¢bandise sold or services perfonned in the ordin Cou￿¢ of business. Trade debtors are r¢¢o8nised initially at the transaction prirx. Th¢y are $ubs¢qu¢ntly m¢asured at amortised cost USi118 the effective interest metho¢ less provision for impairnienL A provision for the impairnlent of trade debtor5 15 ¢5tablished when there is objective evidence that the charity will not be able lo collect all amounts due a¢¢ordiDg to the original terms of the receivables. Cash and cash ¢qufv•lents Casb and cash equivalents comprise c&8h on band and call deposit4 and other short-tenn hlghly Ilquid investments that are readily CODV¢rtible to 4 known amount of cash and are subject to an Insi￿lfi¢1nt risk of cIwi8e iti value. BorrowlDgs Intere5t-beariD8 borrowiD8S Are initially recorded at fair value, net of transaction costs. IntereSt-￿in8 borrowings are subsequently carried at amortised cosl with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of FIDancial Activities over the period of the relevant borrowing. tnterest expense is recognised on the bas18 of the effective interest method and Is Included In Int¢Rst piyable and simllar chrges. Bom)WiDgs are Classified as current liabilities unless the charity bas ￿ unwnditional right to defer settlement of the liability for at le￿ twelve months after the r¢portin8 dote. Fund strueture Unrestricted inconw fiwds ar¢ g¢ll¢ral fimds that are available for use at the ttustees discretion in furtheranc¢ of the objectives of the charity. Page 9 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to tbe Fingneial Ststements for the Year Ended 31 August 2024 Flllantial in$trnments 3 Income frotn donatlons and legacle funds General Total fuods Donations and legacies: Donattons from individuals Grnnts, including Capital grants: Government grBnts Total for 2024 159,406 159,406 413,950 413,950 573,356 573.356 Total for 2023 399.591 399.591 4 Investment ineome funds General Total funds Interest receivable and similar income. tnter¢si rKeivable on bank deposits 3.803 3.803 Total for 2024 3.803 Total for 2023 2.359 5 Expenditure OD rabfing fuods a) Costs of generatlng donatlons and legacles Unrestrlcted funds General Total funds Note Allocated $llpp￿ Costs Tolal for 2024 214 214 214 214 Tolal for 2023 247 247 Page 10 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notes to the FIDaDclal Statements for the Year Ended 31 August 2024 b) Costs oftradlDg aethyltles Unr¢strl¢tsd funds General Totsl nds Note Costs of goods sold Other dirKt costs of a¢tivities for gen¢ratiD8 funds Allocated support ¢osts 5,948 5.488 139 507 5,948 5,488 139.507 Total for 2024 150.943 TO1￿ for 2023 138 147 138.147 Total costs 6 ￿pendI￿re OD cbgrltable actlvltles Unrejtrleted funds General Total nd$ Note Governance Costs Total for 2023 13.687 Total expeodlture In addition to the expenditure anatysed above, th¢r¢ are also 8overnance costs of £14.613 (2023 - £13,687) which relate directly to charitable activities. See not¢ 7 for further details. 7 Analysb of goverDanee and support costs Gov¢rngDee eosts Pagell Notes to the FiDancial Statements for the Year Ended 31 August 2024 Tot*1 funds GeD¢ral tkpre¢Ialio￿ amortisation and other similar costs 14.613 Totsi for 2024 14,613 14,613 Total ffor 2023 13.687 13.687 8 Net IDcomlDWoutgolDg resources N¢t In￿MIn￿(Out8OIDg) resou￿ for the year inclu&: 2024 2023 Tkpreci*ion of fixed Lvets 14.613 9 Tru$¢ee8 r¢mun¢rntloll 8nd ¢XP¢DXS 10 Stair eogts The 888r¢gate payroll costs were u folknvs: 2024 21)23 Staff eojts durlA8 the year wer¢: Wages and salaries Social sKurity ￿sts 345.873 8.70L 294,463 354 574 299.081 Pag¢ 12 MICKLEFIELD NURSERY SCHOOL (SEAFORD) Notss to the Financlal Statements for the Year EDded 31 August 2024 I l Taxatlo 12 Taoglble llzed awts land *nd bulldiDgJ Furnltsr¢ and Other taDglbk equlpment Ilxed ass¢t Total Cost At I September 2023 Additionj 50.IX)O 104,897 219.155 374.052 At 31 Auwt 2024 233051 D¢prttlatloD At I Sepknber 2023 Charge for th¢ year At 31 August 2024 12.000 15 97244 123,074 231318 27 100227 123 074 250514 Net book value At 31 Au8USt 2024 At 31 August 2023 9.596 142 360 141734 13 Stoek 2024 2023 Stocks 50 50 14 Debtors 2024 2023 Trade debtors Prepayments 5.385 4.366 1,187 9.751 5233 IS Cuh and casb equfvaknts C&sh on lland C&sh at bank 98 308,722 308.820 250 245.953 246.203 Page 13 Notes to the Finaneial Statsments for th¢ Year Elld￿ 31 August 2024 16 Cr¢dltors: amounts falllng due wfithln one year 2023 14214 2,934 3215 3.199 2.464 8.878 Other tsx8tion and ￿la1 Sw￿lty 19.490 17 Creditors: amounts falbDg due after ODe year 2023 Other ￿edItorS 1.514 1.118 18 Share eapital 19 Funds Balance at I September Incoming R¢sollr¢¢s exp¢nded BalaDee at 3J August 2024 Unre5tri¢ted funds 383.2 577.159 (520.344 Balance at I Septsmber BAknDce at 31 August 2023 expended Unrestrl¢t¢d fuDds General 431436 401950 (451.162 383224 20 Analyjis of net assds between tsnds Ullrestri￿ Tot￿ funds al fuDds 31 August G¢D¢rg1 2024 Tangible fixed &8sets Current assets Current liabiliti Creditors ov¢r l year 160.556 318.621 (19.490) 1.514 160556 318,621 (19.490) Totsj n¢t assets 458.173 458.173 Page 14 MICKLEFIELD NURSERY SCHOOL (SEAFORD) IYote8 to the Finan¢i21 Ststements for the Year Ended 31 Angllst 2024 Uorestrkled Totsl fuDds at funds 31 August General 2023 Tan￿￿1¢ fixed assets 158,336 251.486 (&878) 1.118 158.336 251.486 (8.878) l.Jl8 Cumt liabilitses Creditors over l year Totsl nrt assets 399.826 399.826 21 ADalysb of n¢t fuDds Atl September At 31 August 2024 Cash at baDk and in hand 246203 246203 Net delx 246 Atl September At 31 Augn Casb at baDk ond ID hand 274.971 274.971 Net debt 274,971 274.971 22 Relatsd party transadio Page 15 MtCKLEFIELD NURSERY SCHOOL (SEAFORD) Statement of Financial Activities by fund for the Year Ended 31 August 2024 Unrestricted Funds Total Total Unrestrlcted Unrestrleted Fund5 FuDds 2024 2023 Income and Endowments from: Donations and legxies tnv¢slment income 573.356 3.803 399.591 2,359 Total income 577.159 401,950 Expenditure on: Raising fimds Clwitable activities (505,731) (437.475) Total eX￿dItuTe 451.162) Net incomel(expenditure) 56,815 49.212 Net movement In fimds 56.815 (49212) ReeoDclliation of funds Total funds brought forward 383.224 432,436 Totsl funds Ca￿led fonvard 440,039 383 This page does noi fonn part of the statutr>ry fjnancial statements. Pag¢ 16 mICKLEF￿LD IYURSERY SCHOOL (SEAFORD) Detalled Statement of FlnaDe121 A¢tivitK8 for the Year Ended 31 August 2024 Total 2024 Total 2023 Don411ons and lezaela Appeals and doDations Fees receivable Grants receivable 158.429 413.950 127367 573,356 399.591 Jnveslmen¢ Incon Inter¢st on cash deposlts 2359 3.803 ￿59 Ralslngfvnds Fundraising cosls Opening stock Closin8 Stock Tuition salary Staff MC (EmployeJ3) Stsff pensions (Det]ned contrlbution) - peMi¢)n s¢lKm¢ I Wal¢r rates Repairs and renewals Hire of other usets (s￿ hire) Trav¢1 and subsist¢nc¢ Staff ent¢rtainin8 (allowabl¢ for tax) Bad debts written off W4es ond salaries Staff MC (Employ¢T5) Staff pensions (Dcrll￿d conthlxrtion)- pension scbNne I Staff training Rates LigbL heat and p¢)w¢r (214) (50) 50 (345.873) (8,701) (5,948) 12,001) (3280) (1.391) (72) (1,463) (817) (74265) (5.778) (T) (422) (3,085) (6,808) (2,897) (15,652) (875) (3.701) (4.646) (11.391) (1.956) (905) (600) (942) (901) (247) (50) 50 (294.463) (4.618) (3.347) (2,069) (2268) (lJ71) (2,602) (820) (68299) (5244) (I J04) (1.172) (3J82) (4215) (2,902) (l3,670) (896) (3,988) (3.515) (10,457) {1.836) (1,775) (600) (370) (921) Bookes. equipment and material Telepbone and fax Printin& posts8e and stationery Cleanin8 Accountancy fees Legal and professional fees Depreciatiou of freehold prowty Deprxiation of plant and macbinery Depreciation of fixttwes and fittings This pa8¢ does not forni port of1he sthtuw financial slatements. Page 17 MtCKLEFIELD NURSERY SCHOOL (SEAFORD) Detail￿ Statsment of Financial Aelivities for the Year Ended 31 August 2024 Totsl 2024 Total 2023 I￿￿11t10n of offic¢ equipm¢ot 1.140 505.731 437 475 Charflable acllvllla Depreciation of Fr¢¢hold imwovements to 14.613 13.68 14.613 This pge does not f(wni part of the starutory fu￿￿181 sfa*ment& Page 18 EXAMINERS REPORT for Nliiklefiel(l Nurse Sihvol Sc#f(>rd I report on Ilie Accounts of ilie Orgaiiisation for tlic pei-iod eiidLd 31 Aiiiyiist ?0?4. Respective Responsibilities of 'l'rustees and Examiner As tlie orgyaiiisation's trusteLS vou are respoiisible for Ilie prcparali(11) of ilic AL¥ouiits: Tl)e Organisation s trustees coiisider Iliai ali aiidit is IiDI reqiiirL'd 1( lid Il)at cqli iiidcpciident exaiiiiii¢qlion is iieLded. IT is Iny respoiisibi l its, to.. Eiillllil)e Ihe acLounts. To siale iiilietlier panicular inatters liave coiiie 10 niv <2ttciitioii. Basis of Independent Examiner's Report M J exaininaiion was carried out in accordaiicc iyiili Illc b)ciicral direLIi()i)s gpivcii hs tlie Cliarity C"oiiim iqsioiicr%. An exain ii)c1lion iiicludcs a rcvicii, ot. Ilic acLI)Iiiil iiig) rccnrds kcpt h¥, tlie nrg)¥l1i isati(In aiid a coiiiparisoii of ilie accoiints preseiitcd iviili tliosc rccnrds. 1141lso ii)cliidL'% coiisidercltioi) ol" aiiN' ai)i' SllLII Iii:Illers. l-lie pi'ocedLifL'S iiiidLi1&ikLii d() 11(?1 pr()v iilL' ill I tl)L L'vidLIiLL' 11i4111i'1)Ll Id bc. I'L'iiii irL'd iii ali kiiidil. aiicl cniise(iiiciiil)' I dn ni)1 LKprL'%S ¢111 42ll(lil i)piii i(Iii ()11 IIIL. VILIV &I IVLII l)v IIiL. ALL(IIIIII%. IndLI)¢n(l¢'nt Exaniiner's Statcmenl I li LOliliLLtioi) willi niy cxaim iiiation, no iiiiittcr lias c()iiie Io ii)y ¢)liClitioii: ) Wli icli gvives InL re&isoiiabl¢ caiisc lo bLliLve 11161 I IlILri lia% l)LLii aiiy. 1714gl¢i-l