Charity number 515255 Nevill Hall Creche Association Report and Unaudited Accounts 31 January 2024 Nevill Hall Creche Assoclation Report and accounts Contents Page Charity Information Trustees, report Independent examiners, report Statemenl of Flnanclal Activities Balance sheet Notes to the accounts Nevill Hall Creche Association Company Infonnation Officer In charge Elaine White Current Trustees Jenifer Shurmer- Chair Elizabeth Jeffries - Vice-chair James Kerr- Treasurer Elizabeth Francis- Secretary Independent examiners Catherine A. Williams Ltd Chartered Accountants The Old Bank Crickhowell Powys NP8 1AD Bankers Co-operative Bank Skelmersdale Registered office Lower Bron Haul Nevill H811 Hospit81 Abergavenny Monmouthshire NP7 7EG Charity number 515255 Nevill Hall Creche Association Charity number. 515255 Trustees, Report The trustees present thelr annual report and accounts of the charity for the year ended 31st January 2023, Structure, governance and management The trust Is a registered charity, number 515255 and is constituted under a constltulion adopted on 26th March 1984 as amended on 25th November 1987. The charities principal activity during the year continued to be provision of day care for pre-school children. Trustees are appointed from parents of children attending the crèche. Voling takes place annually at the Annual General Meeting (AGM) usually held in November. Trustees are eligible for reappointment every year at the AGM and remain in office, uniii either their position is challenged or they resign. A current Ilst of Irustees and their roles Is contained In the infomatlon page. All trustees give their time freely and no trustee remuneration was paid dudng the year. Daily administration of the crèche is delegated to Elalne White as officer in charge. in her absence Nicki Yendoll assumes that role 8s deputy officer in charge. Holiday club provislon was suspended during the year ending 31st January 2010 and was not re- instated due to th8 number of children attending on a daily basis Financial Review The crèche Is entirely self-fundlng and In addltlon to income raised via fees a number Df fundraising events a￿ organised each year to enable provision of an ever increasing slandar(l or childc8re and equipment. Funds are not specifically set aside or designated for future expenditure. Funds held 8re for the day to day running of the Crèche. The charity has no lono term investmènts. any cgsh r6serwes arè held in the current gccount and the inst8nt access 58vings accounts. Main Objectives The m8in objectlve of the trust is to provide a welcoming, nurturing and stimulating environment for all chlldren requiring care and education. The trustees confirm that they have given due regard to the guidance published by the charitles commission gui¢Jance on public benefit In deciding what activities the Crèche undertakes. Future Plans Our future plans are to continue to provide high quality childcare and carry on wilh our effective play based teaching programme. We are currently doing well with children's attendance above average for thi5 tlme of year. Staff recftjttment is currently difficult throughout the chlldcare industry and has been problematic at times. Slaff willingness to work additional hours has been invaluable. We are currently going through the re-registralion process with the CIW and are hopeful Ihat this can be completed In the New Year. We can then move lo the new Charitable Incorporated Organisation which was established in February 2024. No major improvements are expected in the ne8r future, just general equipment purchases to replace old equipment and an ongoing general refurbishment of the Creche. We currently have no members of staff on malemity leave. Nevill Hall Creche AssoGiation Charity number: 515255 Trustees, Report Accounting and reporting responsibilities The charity trustees are responsible for prep8ring 8n annual report and financial statement5 in accordance wlth the applicable law and UK GAAP (Generally Accepted Accounting Pr8Ctice), The Charities Act 2011 requires the charity trustees to prepare financial statements for each year which glve a true and fair vlew of the state of affairs of the chartty for that period. In preparlng the financial stateffler￿, Ihe trustees are requlred to., Select sultable accounling policles and then apply them consistently., Observe the methods and prlnciples in the Charities Statement of Recommended Practice (SORP) Make judgements 2nd estimates that are ressonable and prudent State whether applicable accountlng standards have been followed, subject io any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going concern basis unless it is inappropdate to presume that the charity will continue as a going conceffl The truslees are responsible for keeping proper accounting records that disclose with re8sonable accuracy at 8ny time the financial position of the charity and to enable them to ensure thal the 8ccounts give a 'true and fair vlew and comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required to provlde a 'true and fair, view. This departure has involved following Accounting and Reporting by Charitles preparFng their accounts In accordance with the Financial Reporting S12ndard appllcable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charitie5 SORP FRS 102) rather than the Accounting And Reporting by Charitles. Statement of Recommended Practice effective from 1 April 2005 which has since been wlthdrawn. The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Thls report Was approiied by the board of Trustees on￿/ l 112024 and signed by its order. Signed on behalf of Ihe charity's trustees Trustee Nevlll Hall Creche Association Independent Examinerfs Report Independent examiner's report to the board of Trustees on the preparation of the unaudited statutory accounts of Nevill Hall Creche Association for the year ended 31 January 2024 We report on the accounts of the trust for the year ended 31st January 2024, whlch are set out on pagesl to11. Respectlve responslbilities of trustees and examiner Your attention is drawn to the fact Ihat the charrty has prepared the accounts in accordance with Accounting and Reporting by Charities preparing their accounts In accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 Januery 2019) 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. We understand that this has been done in order for the accounts to provide a 'true and fair, view in accordance wtth the Generally Accepted AoGOLSntbng Practice (GAAP) effective for accounting periods beginnlng on or after 1 January 2019. The Charity's trustees are responsible for the preparatton of the accounts. The Charity's trustees COn￿der that an audit Is not required for thls year (under sedon 144(2) of the CharFbes Act 2011 (the 2011 Act) and that an independerrt examination is needed. It és our respon5ibillty to: - examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charty Commission under section 145{5){b) of the 2011 Act ',and - to state whether particular matters have come to our attention Basis of the independent examIne￿S report Our examination was carried out in aceordance with the General dlrections glven by the Charity Commissioners. An examination Sncludes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes ¢onsideration of any unusual items or disclosures in the aocounts and se6king explanations from you as trustees conceming such matters. The procedures undertaken do not provide all the evidence that would be required of an audit, and Consequently we do not express an audit opinion on the view given by the accounts, Independent Èxaminer's statement In the course of our examination, no matter has come to our attention., (A) which gives us reasonable cause to belleve that in, 8ny material respect, the trustees have not met the requlrements to ensure that; proper accounting records are kept In accordance with section 130 of the 2011 Act,, and accounts are prepared which agree ￿th the accounting records and comply with the accounting requirements of the 2011 Act; or (B) to which, in our opinion, attention should be drawn In order to enable a proper undetstanding of the accounts to be reached. CatherineTillfiams Ltd Ch8rtered Accountants The Old Bank Crickhowell Powys NP8 1AD (p ¢0 c¢ co 0> N)8 ) c4 ¥ Nevill Hall Creche Association Balance Sheet as at 31 January 2024 Notes 2024 2023 Fixed assets Tanglble assets 23,637 23.637 Current assets Debtors Cash at bank and In hand 5,174 44,942 50,116 7,317 40,092 47.409 Creditors: amounts falling due within one year (9,300) (13,241) Net current assets 40,816 34,168 Net assets 64,453 57,805 Capital and reserves General Unreslrlcted Reserve Fund 64,453 57,805 Total Reserves 84,453 57,805 The Trusteess 8re satisfled that the charily is entitled to exemption from the requirement to obtaln an audit under sectlon 144(2) of the Charities Act 2011 (the 2011 Act). The trustees acknowledge their responsibilities for complying with the requirements of the Ch8rities Act 2011 wlth respect to accounting records and the preparation of accounts. The accounts have been prepared In accordance wlth the provlsions In Section 130 of the Ch8rltles Act2011. Chalr Approved by the board otF3UI 1112024 2/L¥- L Nevill Hall Creche Association Notes to the Accounts for the year ended 31 January 2024 1 Accounting policies Basls of preparatlon The accoLJnts have been prepared under the historical cost convention. The accounts have been prepared to give a Xrue and fai¢ 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 Accounting and Reporting by Charlties preparing their accounts in accordance with the Financial Reporting Standard 2pplic8ble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP FRS 102) rather than the Accouniing and Reporting by Charitie5'. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Income All incoming ￿sourceS are recognlsed once the charity has an entitlement to the resources, tt is certain that the resources will be recelved and the monetary value of the incoming resources can be measured with sufficient reliability, Expenditure Liabilities are recognlsed as resources expended as soon as there is 8 leoal or constructive obligation commltting the charity to the expenditure. All expenditure is accounted for an on accruals basis and has been classified under the headings that aggregate all cosls relating to that category. Tangible Flxed Assets Depreclatlon Some assets valued at more than £100 are capitalised and valued at historic cost. Other assets if they are stralght fofward replacement assets are taken directly to Ihe consurnable materials or repalrs and maintenance expense categorles. Depreciatlon has not historically been provided In the accounts against the fixed assets. The assets are either maintained regularfy or replaced SO frequently that the historic costs closely equates to their current V81ue. rrustees and key management personnel remuneratlon The trustees received no remuneration during the year (2023.. £nil). Key management personnel received employee benefits of £54,302 (2023: £52,909) during the year. Employees Averape number of pefsons employed by the charity during the year was 22 employees (2023: 22 employees). No employees received employee benefits (excluding employer pension costs) of more than £60,000. Independent examlnerfs fees The independent examinerfs fees for the year ending 31 st January 2024 were £1000.00 (2023.. £882). Nevill Hall Creche Association Notes to the Accounts for the year ended 31 January 2024 2 Tangible fixed assets Plant and machinery etc Cost At 1 FebrLJary 2023 At 31 January 2024 23.637 23,637 Depreciation At 31 January 2024 Net book value At 31 January 2024 23,637 At 31 January 2023 23,637 3 Debtors 2024 2023 Trade debtors Other debtors 2,895 2,279 5,174 7,317 7,317 4 Creditors: amounts falllng due within one year 2024 2023 Fees paid in adv8nce Other taxes and social security costs Other credito 1,117 7,183 1,000 9,300 1,418 7,607 4.216 13,241 5 General Unrestricted Fund 2024 2023 At 1 February 2023 Nel incorningl(outgoing) resources 57,805 6,648 25,790 32,015 At 31 January 2024 64,453 57.805 6 Related party transactions No related party transactions noted during the year ending 31 st January 2024. Nevill Hall Creche Assoclatlon Detailed statement of Financial Activities for the year ended 31 January 2024 for the infomiatlon of the trustees and members only Total Unrestricted Funds 2024 Total Unrestricted Funds 2023 Incoming resources 531,647 480,300 Resources expended (524,999) (448,293) Net incoming resources 8.648 32,007 Interest receivable Net Incoming resources 8,848 32,015 Nevlll Hall Creche A550clatlon Detalled statement of Flnanclal Actlvltles for the year end￿ 31 January 2024 lor Iha Inlormatlon of thè trust￿ •nd only Total Total Unrestricted Unrestri¢ted Funds FundB 2024 2023 Totrl Total Total Unr*￿11¢ted Unrestricte