Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB **Charity number: 308228** ## **SAFFRON WALDEN NURSERY SCHOOL** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2025** Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** |**CONTENTS**|| |---|---| ||Page| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6 - 7| |**Statement of Financial Activities**|8| |**Balance Sheet**|9| |**Notes to the Financial Statements**|10 - 21| Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** |**Trustees**|Elizabeth Wilson| |---|---| ||Sally Petts| ||Rachel Payne| |**Charity registered**
**number**
308228
**Principal office**
Shire Hill
Saffron Walden
Essex
CB11 3AQ
**Nursery Manager**
Elizabeth Wilson
**Independent Examiner**
Mrs K Bretherick FCA
Chartered Accountants
Peters Elworthy & Moore
Salisbury House
Station Road
Cambridge
CB1 2LA
**Bankers**
Lloyds Bank plc
King Street
Saffron Walden
Essex
CB10 1HF
Saffron Building Society
1 Market Street
Saffron Walden
Essex
CB10 1HX|| Page 1 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025** The Trustees present their annual report together with the financial statements of the Charity Saffron Walden Nursery School for the year ended 31 August 2025. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition of the Charities SORP October 2019, effective 1 January 2019). Saffron Walden Nursery School continues to provide a safe, stimulating, and nurturing environment for early years education in the local community. Our mission is to support every child’s development, learning, and wellbeing through high-quality, inclusive provision. ## **OBJECTIVES AND ACTIVITIES** The Charity’s objective is to advance the education and development of children aged 9 months to 5 years by providing early years education and care that meets the highest standards. We aim to be fully inclusive, providing places for children regardless of background, need, or ability. The Trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. Our activities throughout the year have supported these aims. ## **ACHIEVEMENTS AND PERFORMANCE** Despite continued challenges within the early years sector, 2024–2025 has been a positive year for Saffron Walden Nursery School. The nursery has continued to provide a safe, stimulating, and inclusive environment for children and families within the local community. - **Enrolment** : We supported 56 children during the academic year, maintaining healthy occupancy across terms. This lower number reflects the limitations of the team and the deployment of the team to one-to-one roles with children requiring additional support. - **Quality and Standards** : Our dedicated staff team has continued to deliver an engaging and well-balanced curriculum aligned with the Early Years Foundation Stage (EYFS), with an ongoing focus on developing our own curriculum to promote Resilience, Curiosity and Independence across all age groups. Throughout 2024–2025, we have continued to strengthen our curriculum provision and assessment processes to ensure children receive the highest quality early years education and care. Parental feedback remains overwhelmingly positive, with our Parent Questionnaires continuing to support regular and open communication with families. We also maintain strong and effective relationships with external professionals and local support services to ensure children and families receive the appropriate guidance and support where needed. During the year, the nursery has remained focused on maintaining high standards and ensuring continued Ofsted readiness through reflective practice, staff development, and ongoing quality improvement. We remain committed to providing the best possible opportunities and outcomes for all children in our care. - **Staff Development** : Staff continued to undertake safeguarding, paediatric first aid, and curriculum training throughout the year. Additional professional development opportunities were supported through apprenticeships and external qualifications. - **Fundraising and Community Engagement** : Our fundraising efforts have been successful with the first Summer Fair being held welcoming nursery families and the local community. Several smaller activities raised significant funds with the goal of funding the installation of acoustic panels to the hall space – we hope to continue this fundraising and complete the installation in early 2026. Page 2 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ## **FINANCIAL REVIEW** The financial year to 31 August 2025 showed careful financial management despite rising costs and uncertainty in early years funding. - Total Income: £380,255 ( _Includes Early Years Funding, parental fees, donations, and fundraising proceeds_ ) (2024: £302,507). - Total Expenditure: £376,956 ( _Includes staffing, premises, materials, and operational costs_ ) (2024: £339,685). - Net Position: The charity recorded a surplus of £3,299 (2024: deficit of £37,178). The nursery remains financially stable. Trustees continued to monitor the budget closely, adapting where necessary to cost increases, particularly in staffing, utilities, and consumables. ## **RESERVES POLICY** The Trustees set a level of fees for the year that they believe will cover the estimated expenditure, on the basis of a realistic number of enrolments. The Trustees are of the opinion that the Charity's minimum reserve should be sufficient to cover 3 months salaries and running costs, which would equate to about £30,000 per annum. The Charity's free reserves were £2,615 in deficit, which is below the minimum target range (2024: £14,744 in deficit). The Trustees are exploring initiatives to meet the target, such as fundraising events and embracing techology to increase efficiency. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **LEGAL STATUS AND TRUSTEES** The Charity is an unincorporated entity governed under a trust deed established in 1972 and is registered with the Charity Commission under number 308228. The School is registered as an Early Years Provider with Ofsted to accommodate children from the ages of two to four. The Trustees who served during the year were as follows: Elizabeth Wilson Sally Petts Rachel Payne Trustees are elected by a simple vote at the Annual General Meeting or, subsequently, by a majority vote of Trustees in office at the time. The Management Committee endeavour to recruit Trustees who will provide valuable and practical skills to the Charity. ## **RISK MANAGEMENT** The Trustees maintain a risk register, reviewed termly, covering financial, operational, safeguarding, and compliance risks. Key risks identified in 2024/25 included: - Financial Pressures: Due to increasing costs and static government funding rates. We continue to monitor fee structures and pursue alternative income where possible. The significant change in staff costs continues to put a strain on the public funding received; as such, private fees have been increased to reduce the Page 3 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** overall loss. - Staff Recruitment and Retention: Recruitment in the early years sector remains challenging. We remain focused on supporting staff well-being and offering professional development. - Regulatory Compliance: We maintain robust systems to ensure we meet our obligations under Ofsted and charity law. ## **FUTURE PLANS** Looking ahead to 2025–2026, we plan to: - Support staff in completing their current qualifications and add new learners to the apprentice profile where possible. - Continue to renovate and improve areas of the setting – several areas require painting and refreshing alongside general maintenance works. - Focus on fundraising events and engagement of the community to support these efforts. - Continue to seek support and advice from our Essex partners to ensure the best outcomes for the children. - Work with the Dinky Ones consultancy to reform the committee structure to ensure a more proactive and better management support structure. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **Elizabeth Wilson Trustee** 22 June 2026 Date: Page 5 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAFFRON WALDEN NURSERY SCHOOL ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025. ## **RESPONSIBILITIES AND BASIS OF REPORT** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed 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. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) 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 been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. I have completed my examination. I confirm that no matters, other than those fully detailed below, have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Page 6 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ## **EMPHASIS OF MATTER - FINANCIAL STATEMENTS PREPARED ON A BASIS OTHER THAN GOING CONCERN** I draw attention to note 1.2 in the financial statements which indicates that the financial statements have been prepared on a basis other than that of a going concern. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body for my work or for this report. Signed: Mrs K Bretherick 22 June 2026 Dated: Mrs K Bretherick For and on behalf of Peters Elworthy & Moore Chartered Accountants Cambridge. CB1 2LA Page 7 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** |**Note**
**INCOME FROM:**
Donations and legacies
2
Charitable activities
5
Other trading activities
3
Investments
4
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable activities
6
**TOTAL EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
Net movement in funds
**TOTAL FUNDS CARRIED FORWARD**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**933**
**933**
**(933)**
**14,931**
**(933)**
**13,998**|**Unrestricted**
**funds**
**2025**
**£**
**220**
**378,784**
**712**
**539**
**380,255**
**376,023**
**376,023**
**4,232**
**110,258**
**4,232**
**114,490**|**Total**
**funds**
**2025**
**£**
**220**
**378,784**
**712**
**539**
**380,255**
**376,956**
**376,956**
**3,299**
**125,189**
**3,299**
**128,488**|Total
funds
2024
£
4,009
297,085
-
1,413
302,507
339,685
339,685
(37,178)
162,367
(37,178)
125,189| |---|---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 21 form part of these financial statements. Page 8 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **BALANCE SHEET AS AT 31 AUGUST 2025** |**Note**
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors: amounts falling due within one
year
13
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**CHARITY FUNDS**
Restricted funds
14
Unrestricted funds
14
**TOTAL FUNDS**|**1,790**
**32,682**
**34,472**
**(23,089)**|**2025**
**£**
**117,105**
**11,383**
**128,488**
**13,998**
**114,490**
**128,488**|2,364
42,632
44,996
(44,809)|2024
£
125,002
187| |---|---|---|---|---| |||||| |||||125,189| |||||14,931
110,258| |||||| |||||125,189| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ ## **Elizabeth Wilson Trustee** 22 June 2026 Date: The notes on pages 10 to 21 form part of these financial statements. Page 9 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. ACCOUNTING POLICIES** ## **1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Saffron Walden Nursery School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. There were no significant estimates or judgements made by management in preparing these financial statements. ## **1.2 GOING CONCERN** The Trustees have reviewed the financial position of the Charity and have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. At the AGM on 3 March 2020 the Trustees resolved that it is in the best interest of the Charity to change from an unincorporated association to a charitable incorporated organisation. The Trustees plan to register a new CIO using the model CIO Constitution for Childcare Providers 2013. The Trustees have referred to Charity Commission guidance CC22a. Once registered, all activities will be transferred to the new organisation, including all assets and liabilities, subject to first obtaining the consent of the Pre-school Learning Alliance. At the date of approval of these accounts the application to register the new CIO had not been made; however, for the reasons set out above, the financial statements have been prepared on a basis other than going concern. Assets have been reviewed by the Trustees and are measured at their recoverable amount; no onerous committed liabilities have been identified. The change in basis of preparation required no adjustment to the amounts reported. ## **1.3 FUND ACCOUNTING** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 10 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. ACCOUNTING POLICIES (CONTINUED)** ## **1.4 INCOME** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Where incoming resources have related expenditure (as with fundraising) the incoming resources and related expenditure are reported gross in the Statement of Financial Activities. Parent and third-party fees are recognised in the period to which they relate, with any fees received in advance being deferred. Donations are included in the Statement of Financial Activities when received. Grant income is recognised by the Charity when there has been notification of the amount and the settlement date. In the event that a grant is subject to conditions that require a level of performance before the Charity is entitled to those funds, the income is deferred. If a grant is subject to strict terms as to the use of those funds, the grant is treated as a restricted fund and accounted for accordingly. Where the receipt of grant income is contingent on certain aspects, such that the Charity does not have full entitlement and is not able to accurately establish measurement of the income, it is disclosed as a contingent asset in the accounts. Income from funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank. ## **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 allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 11 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. ACCOUNTING POLICIES (CONTINUED)** ## **1.6 TANGIBLE FIXED ASSETS AND DEPRECIATION** Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases: - Short-term leasehold property Over period of the lease Office equipment - 20% Leasehold building additions are to be fully depreciated to a date coterminous with the end of the original lease of the buildings. No depreciation is applied until a project is complete. ## **1.7 DEBTORS** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.8 CASH AT BANK AND IN HAND** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.9 LIABILITIES AND PROVISIONS** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **1.10 FINANCIAL INSTRUMENTS** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page 12 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. INCOME FROM DONATIONS AND LEGACIES** |**Unrestricted**
**funds**
**2025**
**£**
Donations
220
TOTAL 2024
4,009|**Total**
**funds**
**2025**
**£**
**220**
4,009|Total
funds
2024
£
4,009| |---|---|---| |||| ## **3. FUNDRAISING INCOME** ## **Income from fundraising events** |**Unrestricted**
**funds**
**2025**
**£**
Fundraising events
712
**INVESTMENT INCOME**
**Unrestricted**
**funds**
**2025**
**£**
Interest received
539
TOTAL 2024
1,413|**Total**
**funds**
**2025**
**£**
**712**
**Total**
**funds**
**2025**
**£**
**539**
1,413|Total
funds
2024
£
-| |---|---|---| |||Total
funds
2024
£
1,413| |||| ## **4. INVESTMENT INCOME** Page 13 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **5. INCOME FROM CHARITABLE ACTIVITIES** |**Unrestricted**
**funds**
**2025**
**£**
School fees
378,784
Trips, photos, sweatshirts, etc.
-
378,784
TOTAL 2024
297,085|**Total**
**funds**
**2025**
**£**
**378,784**
**-**
**378,784**
297,085|Total
funds
2024
£
297,054
31| |---|---|---| |||297,085| |||| ## **6. ANALYSIS OF CHARITABLE EXPENDITURE** |Direct costs
TOTAL 2024|**Activities**
**undertaken**
**directly**
**2025**
**£**
358,269
329,075|**Grant**
**funding of**
**activities**
**2025**
**£**
-
132|**Support**
**costs**
**2025**
**£**
18,687
10,478|**Total**
**funds**
**2025**
**£**
**376,956**
339,685|Total
funds
2024
£
339,685| |---|---|---|---|---|---| ||||||| In 2025, £376,023 (2024: £338,752) of charitable expenditure was attributed to unrestricted funds and £933 (2024: £933) was attributed to restricted funds. Page 14 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **6. ANALYSIS OF CHARITABLE EXPENDITURE (CONTINUED)** ## **ANALYSIS OF DIRECT COSTS** |**Direct costs**
**2025**
**£**
Staff costs
294,774
Utilities & Rates
9,287
Depreciation
8,841
Other expenditure
711
Repairs and maintenance
6,500
Nursery and play equipment
3,803
Cleaning and hygiene
2,487
Bank charges
136
Insurance
4,881
Supplies and consumables
22,050
Subscriptions
4,799
358,269
TOTAL 2024
329,075
**ANALYSIS OF SUPPORT COSTS**
**Support and**
**governance**
**costs**
**2025**
**£**
Staff Training
3,539
Telephone and internet
987
Office and stationery
1,848
Legal and professional fees
12,313
18,687
TOTAL 2024
10,478|**Total**
**funds**
**2025**
**£**
**294,774**
**9,287**
**8,841**
**711**
**6,500**
**3,803**
**2,487**
**136**
**4,881**
**22,050**
**4,799**
**358,269**
329,075
**Total**
**funds**
**2025**
**£**
**3,539**
**987**
**1,848**
**12,313**
**18,687**
10,478|Total
funds
2024
£
272,081
8,384
8,392
1,016
6,881
5,000
6,316
84
3,948
13,046
3,927| |---|---|---| |||329,075| |||Total
funds
2024
£
1,502
754
2,089
6,133| |||10,478| |||| Page 15 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **7. ANALYSIS OF GRANTS** |**Grants to**
**Individuals**
**2025**
**Total**
**funds**
**2025**
**£**
**£**
Grants
-
**-**
TOTAL 2024
132
132
**8.**
**INDEPENDENT EXAMINER'S REMUNERATION**
**2025**
**£**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
**1,575**
Fees payable to the Charity's independent examiner in respect of:
Preparation of the annual accounts
**1,425**
**9.**
**STAFF COSTS**
Staff costs were as follows:
**2025**
**£**
Wages and salaries
**278,784**
Social security costs
**10,643**
Contribution to defined contribution pension schemes
**5,347**
**294,774**
The average number of persons employed by the Charity during the year was as follows:
**2025**
**No.**
Provision of school service
**19**|Total
funds
2024
£
132| |---|---| ||2024
£
1,500
1,300
2024
£
260,723
6,978
4,380| ||| ||272,081| ||2024
No.
22| Page 16 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **9. STAFF COSTS (CONTINUED)** No employee received remuneration amounting to more than £60,000 in either year. The Charity considers its key management personnel to be the Trustees, the Nursery Manager and the Bursar. During the year the Nursery Manager and Bursar received remuneration including employer's pension and national insurance totalling £45,823 (2024: £54,679). Remuneration comprises gross salaries, employer's national insurance and employer's pension contributions. ## **10. TRUSTEES' REMUNERATION AND EXPENSES** During the year, Elizabeth Wilson received remuneration for acting as Manager of the Nursery. The remuneration is permitted under the Charity's Constitution. In setting remuneration, the Trustees have had due regard to managing conflicts of interest, setting fair pay and ensuring the employment is in the best interests of the Charity. The remuneration, pension contributions and any other benefits were as follows: |||**2025**|2024| |---|---|---|---| |||**£**|£| |Elizabeth Wilson|Remuneration|**30,100**|25,415| ||Pension contributions paid|**681**|575| During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 17 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **11. TANGIBLE FIXED ASSETS** |**COST**
At 1 September 2024
Additions
At 31 August 2025
**DEPRECIATION**
At 1 September 2024
Charge for the year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 31 August 2024
**12.**
**DEBTORS**
**DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income|**Long-term**
**leasehold**
**property**
**£**
**275,480**
**-**
**275,480**
**153,752**
**8,085**
**161,837**
**113,643**
121,728||**Office**
**equipment**
**£**
**12,906**
**944**
**13,850**
**9,632**
**756**
**10,388**
**3,462**
3,274
**2025**
**£**
**525**
**1,265**
**1,790**|**Total**
**£**
**288,386**
**944**| |---|---|---|---|---| |||||**289,330**| |||||**163,384**
**8,841**| |||||**172,225**| |||||| |||||**117,105**| |||||125,002| |||||2024
£
906
1,458
2,364| Page 18 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Other creditors (balance with Charity Payroll Service)
Accruals and deferred income
**STATEMENT OF FUNDS**
**STATEMENT OF FUNDS - CURRENT YEAR**
**Balance at 1**
**September**
**2024**
**£**
**UNRESTRICTED FUNDS**
General Funds
**110,258**
**RESTRICTED FUNDS**
Building Fund
**14,931**
**TOTAL OF FUNDS**
**125,189**|**Income**
**£**
**380,255**
**-**
**380,255**|**2025**
**£**
**-**
**19,489**
**3,600**
**23,089**
**Expenditure**
**£**
**(376,023)**
**(933)**
**(376,956)**|2024
£
3,512
30,617
10,680| |---|---|---|---| ||||| ||||44,809| ||||**Balance at**
**31 August**
**2025**
**£**
**114,490**| ||||**13,998**| ||||**128,488**| ## **14. STATEMENT OF FUNDS** ## **Restricted funds** The Building fund was established to raise funds specifically for the provision of the new school building (opened 1989). The remaining fund is now represented by fixed assets. Page 19 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **14. STATEMENT OF FUNDS (CONTINUED)** ## **STATEMENT OF FUNDS - PRIOR YEAR** |**UNRESTRICTED FUNDS**
General Funds
**RESTRICTED FUNDS**
Building Fund
**TOTAL OF FUNDS**|Balance at
1 September
2023
£
146,503
15,864
162,367|Income
£
302,507
-
302,507|Expenditure
£
(338,752)
(933)
(339,685)|Balance at
31 August
2024
£
110,258| |---|---|---|---|---| |||||14,931| |||||125,189| ## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR** |Tangible fixed assets
Current assets
Creditors due within one year
**TOTAL**|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
13,998
103,107
-
34,472
-
(23,089)
13,998
114,490|**Total**
**funds**
**2025**
**£**
**117,105**
**34,472**
**(23,089**| |---|---|---| |||**128,488**| Page 20 Docusign Envelope ID: C2E2FFBE-3A8A-8B8E-82D9-3841185434AB ## **SAFFRON WALDEN NURSERY SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)** ## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR** |Tangible fixed assets
Current assets
Creditors due within one year
**TOTAL**|Restricted
funds
2024
£
14,931
-
-
14,931|Unrestricted
funds
2024
£
110,071
44,996
(44,809)
110,258|Total
funds
2024
£
125,002
44,996
(44,809)
125,189| |---|---|---|---| ## **16. RELATED PARTY TRANSACTIONS** Other than the remuneration paid to Trustees disclosed in note 10, there were no related party transactions during the current or previous year. Page 21