Charity numbèr 515255 Nevill Hall Creche Association Report and Unaudited Accounts 31 January 2025 Nevill Hall Creche Association Report and accounts Contents Page Charity infomiation Trustees, report Independent examin8rs' rèport Statement of Financial Activities Balance sheet Notes to the accounts Nevlll Hall Creche Assoclatlon Company Informatlon Officer in chargo Elaine White Current Truste08 Jenifer Shurmer- Chair Elizabeth Jeffries - Vice-cholr James Kerr- Treasurer Elizabeth Francls - Secretary Indopondent examlner• Catherine A. Williams Ltd Chartered Accountsnts Thè Old Bank Crfckhowell Powys NP8 1AD Bank8rs Co-operatlV8 88nk Lloyds Bank Registorod offi Lower Bron Haul Nevill Hall Hospit81 Abergavenny Monmoulhshire NP7 7EG Charlty number 515255 Nevill Hall Creche Assoclatlon Charlty number: 515255 Trustees. Report The tru81ees present their annual report and accoun18 of the charity for tha year ended 3181 January 2023. Structure. governance and management The trust is a registered charity, number 515255 and is constituted under 8 constitution 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 th8 crèche. Voting takes place annually at the Annual General Mèèting IAGM) usually held in November. Trustees are eligible for reappointment every year at the AGM and remain in office, until either their position Is challenged or they resign. A ¢urr6nt list of trustees and Ih8ir roles is contained in the information paga. AJI trustees give their lime freely and no trustee remuneration was paid during the year. Dally administration of the crèche is delegated lo Elaine While as officer in charge, in her absence Nicki Yendoll assumes that role as deputy off1cer in charge. Holiday club provislon was suspended during the year endin9 31st January 2010 and was not re- in$t8ted due lo the number of children attending on a daily basis Flnanclal Revlew The crèche is entirely self-fundlng and in addlllon lo Income raised via fees a number of fundraising events are organised each year lo enable provision of an ever incr88sing standard or childcare and aqulpmenl. Funds are not specifically set aside or designated for future expendlture. Funds held are for the day to day running of the Crèche. Tho charity ha$ no long term investments, any cash reserves ar8 held in the current acoounl and the instant access savings accounts. Maln ObJactlvo8 The main objecllve of the trust Is to provide a welcoming. nurturing and stimulating environment for all children requiring care and education. The trustees confirm that they have glven due regard lo the guidance published by the charllles commission guldance on publlc benefit in decidlng wh*t activities tho Crèche undertakes. Future Plans Our future plan$ are to continue to provide high quality childcare and carry on wllh our effectlve play bas6d leaching programme, We are currently doing well with children's allendance above average for this time of year. Slaff recruilmenl is currently difficult throughout the childcare industry and has been problematic al Umes. Staff willingness lo work additional hours has been invaluable. We are have been through the rg-registralion process with the CIW and have rnoved to operating under the new Charitable Incorporated Organisalion from F&bruary 2025. No rnajor improvements are expected in the near future, just general equipment purchase$ to replace old equipment and an ongoing general refurbishment of the Creche. We currently have no members of stsff on maternity leave. Nevill Hall Creche Association Charity number: 515255 Trustees. Report Accountlng and reporting rosponslbllltles The charity Irustees are responsible for preparing an annual report and finan(ial statemerts accordance with the appliCa￿e law and UK GAAP {Generally Accepted Act￿ntIng Pracbcel. The Charities Act 2011 requires the charity trustees to prepare finaTTrCi81 statemerrts for eath year give a true and fair view of the state of affairs of th8 charity that pericrfl. In preparing the financial statements, Ihe trustees are required to. - Select suitable accounting policies and then apply Ihem consistently. Observe the methods and principles in the Charities Ststsment of Recommended Praclice (SORP} - Make judgements and estimates thal are reasonable and prudent State whether applicable accounting standards have been followed, subject to arry rnaterial departures disclosed and explained in the financial statements.. Prepar8 lh8 financial slalements on Ihe going concem basis unless it is Miappr￿ to presume that the charity wll continue as a going concem The trustees are responsible for keeping proper accounting records that disdose reasonatjle accuracy al any time the financial position of the charity and to enable them to ensure that the accounts give a 'true and fairf view and comply with the Charities Ad 2011. the Charty and Reports) Regulabons 2008, and the prowsions of the trust dèèd. The aCCLwnts have depwled from the Charities (Accounts and ReF>Ortsl Regulations 2008 onty to the extent required lo wowde a 'true and fairf view. This departure has invow followtng AccwntiThJ ar￿ ReFKYbry by Clwtties preparing their accounts in accordance with the Financaal ReFK)rting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) (effective 1 January 2019} (Chanties SORP FRS 102) r*tr than the Accounting and Reporting by Charities: Statement of Recommer)ded Pra¢ti¢6 effe¢*ve from 1 April 2005 ￿lch has since been v￿1hdrdwn. The tntsteeg are also re5F#)￿Ne ky safeguarding the assets of the charity and hence tskb'ng reasonable steps for ￿ weveri￿ detection of fraud and other irregularitses. Thi$ report was approved by the board of Trustees on i 41 11 r2025 signed by its (Yder. Signed on behalf of Ihe charitys trustees Trustee Nevlll Hall Creche Association Independent Examiner's Report Ind8pond•nt •xamlnorfs rnport lo the board ol Trustses on thè preparation of tho unaudlt8d statutory accounts of Nevlll Hall Crèchè Assoclatlon for tho ￿ar onded 31 January 2025 We report on the accounts of the trust for the year ended 31st January 2025, which are sel out on pages 110 11. Respgctlve responslbllltles of trustsos and examln•r Your attention is drawn lo th8 fact that the chanty has prepared the accounts in accordance with Accounting and Reporting by Charllie5 preparing their accounts in accordance with the Financial Roporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve 1 January 2019) in prel8rence lo the Accounting and RepoTling by Charities.. Statement of R8comfnended Practice issued on 1 April 2005 which is referred lo the extant regulations but ha$ been withdrawn. We understand that Ihls has been done in order for the accounts lo provide a 'true and fal￿ vlaw In occordanc8 with tha Gellèrally Accepted Accounllng Practice {GAAP) effective for accounting periods beginning on or after 1 January 2019. The Charivs INslees are responsible lor the preparation of the accounts. The Ch2Atys trustees consider that an audlt 15 not required for this year (under section 14412) of the Charllies Acl 2011 Ilhe 2011 Acll and that an independent examination is n8odod. 1118 our responsibility tt>'. examine the account¥ under section 145 of the 2011 Act., to follow the procedur8s18id dowTr in the Gen8r81 Dlr8¢1ions given by the Charlty Commission under section 14515llbl of Ihe 2011 Act ,and - to stste whgther particular matters have Gome lo our attenlion Basls of th• Indopend•nt examlnerfs report Our examination w88 ¢8rried out in 8ccordan¢o with the General direcllons given by the Charity Commissioners. An examin81ion Includés a rgview of th8 accounting records kept by the charity and cornparison of the accounts presented with Ihose records. 11 also includes consideration of any unusuol items or dlsc105ur8s in the 8ccounls and seeking expl8n81ions Irom you as Irvslees conceming 8uch matters. The procedure8 undertaken do nol provide all the evidence that would be required ol an 8udll, and consequently we do not express an audSt oplnion on the view glven by the accoun18. Indepond•nt •x•mln•rf• statement In the course of our 8xamin81ion, no matter has come lo our attsntion., IA) which give5 us reasonable cause lo believe thBI in, any malertal respect. the trusleeg have not met the requiroments to ensure that.. proper accounting records are kept In accordance wllh socllon 130 01 the 2011 Acl,, end accounts are prepared which agreo wrth the accounting records and comply with the accounting requir&ment8 of Ihe 2011 Acl; or IBI lo which, in our opinion. attenllon should be drawn in order lo enable a proper understanding of the accounts lo be reached. Catherine A. Williams Ltd Chartered Accountants Th8 Old Bank Crickhowell Powys NP8 1AD 1 . 12025 41Vv ro ¢ rro¢o CO tj) q) 0> E c Lu Nevill Hall Creche Association Balance Sh88t as at 31 January 2025 Notes 2025 2024 Fixed assets Tangible assets 23.637 23.637 Current assets Debtors Cash at bank and in hand 8.139 56,043 64,182 5,174 44,942 50,116 Credltors: amounts falllng due wlthln one yèar {14,835) 19,300) Nèl current assets 49,347 40,816 N•t a88ets 72,984 64,453 Capltal and reserves General Unrestrlcled Reserve Fund 72.964 64.453 Total Reo•pio8 72,984 64,453 The Trusteess are satisfied that the charity Is entitled lo exemption from the requirement lo obtain an audit under section 144121 of the Charllies Acl 2011 (the 2011 Act). The Iru$tee$ acknowledge their re8ponslbllltles for complying with the ￿qUIrernents of the Charitles Act 2011 wllh rèspect lo accounting records and the preparallon of accounts. The accounts have been prepared In 8ccordance w4th the provlsions In Sectlon 130 Of the Charities Act 2011. Chair Approved by the board on21F 119 12025 Nevill Hall Creche Association Notes to the Accounts for the year ended 31 January 2025 Accounfjng pollcles Basis of preparation The aGcounts have been prepared under the historical cost convention. The acc4)unts have been prepar8d to give a Irue and fai￿ view and have departed from the Charities (Acc¢JJnts aThJ Reports} Regulations 2008 only to the extent required to provide a Irue and fairf view. This departure has involved following Accounting and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Slandard applicable in the UK and Repubh'¢ of Irdand IFRS 102) (effective 1 January 2019) (Charities SORP FRS 1021 rather than ihe Pu(xJnting and Reporting by Charities.. Statement of Recommended Practice effethe from 1 April 2(yJ5 t￿1￿ has since been wthdrawn. Income All incoming resources are recognised once the charity has an enlmement to the res(KJrces, rt is certain that the resources wll be received and the monetary value of the inwnirvj resources ran be rneasured with sufficienl reliability. Expenditure Liabilities are recognised as resources expended as soon as there is a legal ￿ (zjnstrucbve obligation committing the charity lo the expenditure. All expenditure is accwnted f(K ￿ c 8ccruals basis and has been classified under the headings thal aggregate am g)sts relatiry to that category. Tangible Fixed Assets Depreciadon Some assets valued at more than £100 are capitalised and valued at historic cost Ottw assets rf they are straight forward replacement assets are taken directly to the c(￿sUmable matends rx repairs and Maintenan￿ expense categories. Depreciation has not histi¥i¢4ly been wovhyed in the accounts against the fixed assets. The assets are either mainlained regularfy ￿ r¥aL%d so frequently that the historic costs closely equates to their (￿rrent value. Trustees and key management personnel remuneration The trustees received no remunerats.on during the year {2023: £nill. Key managem•tt received employee benefits of £54.302 (2023: £52.909) during the year. Employees Average number of persons employed by Ihe Charity during the year was 22 empbyees (2023.. 22 employees). No employees received employee benefits (exduding emFlo)er pens￿ more than £60,000. Independent examlners fees The independent examinerfs fees for the year ending 31st JarKwy 2024 T*ve £1(IXI.(Kl 120rJ". £882). Nevlll Hall Creche Association Notes to the Accounts for the year ended 31 January 2025 2 Tanglble flxed asset5 Plant and ma¢hin8ry etc Cosl At 1 February 2024 Al 31 January 2025 23,637 23.637 Depreciation At 31 January 2025 Not book value Al 31 January 2025 23,637 At 31 January 2024 23,637 3 Debtors 2025 2024 Trade debtors Other debtors 5,860 2,279 8,139 2,895 2,279 5,174 4 Credltors: amounts falllng due wlthln one year 2025 2024 Bank loans and overdrafts Fees paid in advance Other taxes and social security costs Other creditors 295 266 8,173 6,101 14,835 1.117 7,183 1,000 9,300 5 General Unrestrtcted Fund 2025 2024 Al 1 February 2024 Net incomingl{outgoing) resources 64.453 8,531 57,805 6,648 At 31 January 2025 72,984 64,453 6 Related paty iransactions No related paty transactions noted during the year ending 31st January 2024. Nevill Hall Creche Association Detailed statement of Financlal Actlvltles for the year ended 31 January 2025 for the infom7ation of the trustees and members onty Total Totsl Unrestrlcted Unrestrlcted Fund5 Funds 2025 2024 Incorning resourGe8 558.783 531,647 Rgsour¢os oxpended (550.252) (524.999) Net Incomlng resources 8,531 Net Incornlng rosour¢¢s 8,531 6.648 Nfrvlll Hall Croche A550ciation D•tsll•d Statement of Financial A¢￿¥110•s for the year ended 31 January 2025 for1￿ infonnAtiDn ￿the In￿leeS end Tr￿M￿8rs onty Total Tol•l unr￿1rt￿tfrd Unre•trlcttrd Funds Fund8 2025 2024 Totsl Totsl Unr8strlGted Urw•¥¢rlcted Funds Funds 2022 3021 Unrutrf¢tod Funds 2023 Incom8 Incom8 Refu￿ of MSlk Charges Embershlp feÈ5 553.522 928 507.814 1,614 100 9,528 456.914 351,773 912 330 353,015 307,788 616 230 1,386 554.450 308.634 Grant Incom• Grant5 & Donab'ons 4,333 4,333 22,119 20.517 25.989 34.413 FundrnK•lng Income Fundrnlslng Coitffj Fundraising txpan$8s Indudlro photograpty ￿t$ Christm88 part+e8 and gifts forchild￿n 1,031 564 755 755 725 891 638 Admlnlstrthe 8xp•nus Employee eosls.. Wages and s8laries Job relenlion scheme grants Covid.19 Statutory Pay Gf8nl Pen￿on$ staff 1raln1r￿ and welfare UnSlonns Staff meo1 Motor expEnkes 487.377 428.912 320.134 296.330 18,4911 11921 7.487 2,811 391 635 6,555 1,297 5.670 852 4,277 424 62 570 29 437,633 498.701 325,274 Prernises costs.. Rer aL8 10,fM)O 17,744 10,tM 17.248 10.orh) 14.145 10.QOO 11.639 10.0(M7 D.110 258 3.648 23.016 Clèaning 145 2.877 3,162 27,307 General 84minlstrative expen8es.' Pogts9e Stallonery8nd prinbng Information and publtcatsons Bank charg85 Insurance Equipment Purch8888 Books and reS￿[c￿5 CrÈ8iwè Music Se￿an6 A¢tiwlies Holiday Club Sothware Repalrs maintenance Interest HMRC Bad debt5 Sundry oXP8nses 13 933 1.351 503 52 90 736 5.274 99 810 9,870 244 102 820 7.078 14,244 50 595 3,063 11,227 143 609 2,876 1,968 4.738 304 101 158 9,833 175 39.666 158 6,561 1.633 3,769 298 812 1.460 2.872 279 252 143 21,385 L8gal and professional costs.. Accountawfees Other ltrgal and wofess￿￿81 1,190 1,DOO 675 8LNJ 1.260 2,142 1.180 $49.497 524 274 441,402 10