REGISTERED CHARITY NUIfiBER: 802873 Report of the Tru8tees and Unau(frted Flnancial Statsments for the Year Ended 31st August 2024 Ferry Road Nurnory N.C.N.M. Accountancy Llmited Chatwed Ac(>)unt8nts The Lodge 93 Nomianston Drivo Oulion Broad Ltrwestoft Suffolk NR32 2PX
Fa Road Nursery Contents of tho Flnanclal Statements for tho Year Ended 318t August 2024 Report of the Tn 1 to 3 Indopend•nt Examlnorf8 Rewi Stat•ment of Flnanelal A¢iivttle8 Balan 8h06t Not•0 to th• Flnanclal Statwn•nts 7 to 14 Dotalled 8tatom•nt of Flnanolal ktfvttlo8 15 10 16
Ferry Road Nursery Report ol the Tru8toes forthe Year Ended 31sl August 2024 The trustees present their feport with Ihe financlal statements of the charty for the year ended 31st August 2024. The trustees have adopted the provlsk)ns of Accounting and Reportlng by Charits9s.' Statement of Recommended Practice applicable to charitles preparing their accounls in accordance with th8 Financial Reporting Standard app15cable in the UK and Republlc of Ireknd {FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJeGtlves and aims The object of the Charity is to provide safe and satisfylng group play for the promotton of the education of children frorn three months to five years of age and to prepare chlklren ft)r malnstream schod In conformity with HDCUF criteria. Public b8noflt In plannlng our actlvltles for the year. kept In mind the Charlty Ct)mmlsslon's gutdanGe on publlc benefit At Ferry R¢)ad Nursery, our activitles are designed to: - provide a happy. safe, wami and stlmulatlng envlronment where chlklren can play, bam and develop freety. help children to develop responslbility for themselves and their actions - and to becorne ¢ompet8nt, Independent and cOperatIVe indfvlduals. - encourage chlldren to have a posltlve attttude and respect for themsebles and others. - promote a posillve relatlonshlp wlth parents and carers - and work In partnershlp wlth them to provlde hlgh quality play and care for their ohildren. - offer inclusive seNlces that are accesslble to dl chlldren. - undergo regular monitorlng and evaluailon of the Nursery to ensure we continue to meet the ne&ls of all chlldren. parent8 and carers. These activities promote all areas of tha Earty Years Foundatlon stsge and benefit the chlldren ty developlng thaif 88lf-confidence and soclal skills, and ultlmatsly preparing them for school. We wplcoff* alt chlldren aged between three months and fiv8 years, living In Rye arKI Ihe surrounding area, regardless of personal background. falth, gender or personal drcum5tances. Voluntears All our Volunteers play a slgnlficant role Sn fund ralslng activitle3 whlch is es8entlal to provkle addiyonal rinanclal support This enables the Nursery to purchase new leamlng equlpment and materlals to akl the children's educatlon and enjoyment Thank you to everyone for your v81uable support. ACHIEVEMENT AND PERFORtaANCE Charltabla actlvltles Another 8ucee88ful year for the Nursery wlth all rooms running at good numbers. The impTovements to lh8 layout on the ground ftoor last are worktng well - both staff and chlldren lové li After almost 40 years, Jeanette declded to retire. She will be mlssed as a full tlme staff member, but be on bank staff to help out ocwionally. Thank you Jeanette. Throughout the year. the children had thelr usual vlsits and day out. In D8e8mber. aws a busy tlmo, the Nursery had a lovely vSsit from Santa with h18 usual sack of glfts. Summer was the time for our'leavers" day Irlp to Oruslllas. Thfs is afruays a lovety day - enjoyed by chlldren, staff. and some paront helpers - a lot of organislng but worth IL The trustees would Ilke to say a hu9e thank you to the Staff - thelr dedicatmin to the Nursery Is amazing. Page 1
Ferry Road Nursery Report of the Twsiee8 lor the Year Ended 31st August 2024 ACHIEVEMENT AND PERFORMANCE Fundralslng actlvltle$ Always ongolng - it has become more dlfflcull over the years as all charltles are fighting for donatlons and grants. For our Chrfstmes raffle thls year we made11 a ' voucherf raffle, wllh donallons from local buslnesses and supemiarkeis - all of whlch we Ihought bvould help winners with Chrislmas shopplng. We are, as alwMy8, grateful for the support of the pantS and famllies of the chlklren attendlng the Nursery and also the famllles of chlldren who attended Ihe Nursery In the past and people In IfE wlder communlty vtho 8W tum to 8UPPOrt us. FINANCIAL REVIEW Flnanclal p08111on The flnanGlal results are reported In the attached accounts. Pilnclpal lundlng 80urco8 East Sussex County Counc51 are our maln source of Early Year Fundlng - 15 funded hour8 for 3 & 4 year old8. We a180 recelve extra fundlng to allow the Nursery to offer SEN'810 those Ghlldren wllh addlonal educational needs. Somg parents are able to re¢elve extra fundlng due to thelr fln8nclal clrcumstances. The Nursery 8taff are very 8UPPOrtlve and help the parents to understand th95r entttlement. Prlvate sp8¢es are avallable for those who are not able to recebve and financlal help. Wo 8ccornmod8te aN famllle8 regardles8 of flnanclal clrcumstance8. Re8erve8 poIIcy It ts the pollcy of the Manogemant Commltteo to hold a mlnlmum re88M to cover at le88t one and a half month8, 8alary c08ts. Fundral8Eng ¢ontlnue8 to be Important for th• Nur88ry and wlll contlnue to enable u8 to keep updatlng and Improvlng all facllltles. Golng Concern Tha Trustees have revlewad the finances of the Charfty and belleve Ft 18 8pproprlate io prepare these accounts on a Golng CCOrn ba818. FUTURE PLAN8 M8klng mor• Improvemen18 to the Outslde area- th1818 a very expenslve project but we are makn'ng progre&8. Out8lde play In very Important ts the nur8ery day, io eve[hIng has to be 8alety flrsL Hopefully next year It will be completed. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documont Tha Charity 18 governed by Its Con8tiluilon dated 2 February 1990, rev18ed 2013. Recrultm•nt and appolntment of now trust•O8 People Involved wlth the Charlty are requested to put theSr n8m88 foThYard to fill any vacancies on the Board of Trn8tees. New Trustees are given tralning upon appolntmenL Organlsatlonal structure The Nur8ery Is adminlstered by a Management Commlttee, elected at (he Annual General Meetlng each year. The Management Committee conslsts of three officern and a maxlmum of slx other members. At least thlrds of the Committee have chlldren attending the Nursery at the tlme ol election. The Man8gement Commlttee has the legal respon81bllitles of trustees. Page 2
Ferry Road Nursery Report of the Triistees for the Ycar Ended 31st August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk management The Trustees have a duty lo identify and review the rlsks to which the Charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Management Cornmittee place considerable importance on risk management. A policy on Health and Safety has been established and this includes procedures on safety to avoid risks to both children and adults. It also provides guidelines to mitigate their effect. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty niimber 802873 Prlncipal address Ferry Road Rye East Sussex TN317DN Trustees Mrs C Booker Mis B Gasson Miss E C Pendennis Independent Examiner N.C.N.M. Accountancy Limited Chartered Accountants The Lodge 93 Normanston Drive Oulton Broad Lowestoft Suffolk NR32 2PX Bankers Santander PLC Bootle Mersèyside L30 4GB MANAGEMENT COMMITTEE Mrs L PenDennis (Chair) Mrs E Donaghay-spire {Secretaryl Mis D Keen (Treasurer) Approved by order of the board of trustees on .L.b..lo. .£, Izo?.a. a nd signed on its behalf by.. Mrs C Booker- Trustee Page 3
Independent Examinevs Report to the Truslees of Ferry Road Nur¥ery Independent examSnef8 report to the trustees of Ferry Road Nurnery I report to Ihe ch8rtty Irustees on my examlnation of the accounts of Ferry Road Nursery (the Trust) for Ilie year ended 31st August 2024. Respon81bllltle8 and ba81s of report As the charity trustees of Ihe Trust you are responsbi le for Ihe prepgialion of the accounls in accordance with the requtrements of the Chwits Act 2011 (Ihe ACV). I report in respect of my examlnat#)n of the Tntsfs ac(x)unts carrkd out under Sectk)n 145 of the Act and in carrytng out my examlnation I have fo11thd all applIcae Directlons glven by the Charlly Commission under Section 145(5){b) of the ACL Independent examlnerfs stalement Slnce your charitys gross Income exceeded £250.000 your examlner rnust bo a member of a Ilsted body. I can confim) that l am qualIfd to undertake the examinalion l)ecause l am a member of the Insttiute of Chartered Accwntants In England and Wales. whkh is one of the Ilsted bodies. I have Completed my examinauon. l (xjnfwm that no materlel mattws have come to my attenOn in connectKJn ith ts &¥amlnai#)n givlrwJ me cause to belleve that in any mrlal respect accounting records werè not kept in respect of the Tntst as requ by Secllon 130 of the or the accounts do not accord tlme rd8' or the accounts do not compty Imth the applble requirements conceming fomi and contenl of accounts set out in Ihe Charilies (ACUnts and Reports) Reguktlons 2008 other than any requlrement that the accounts glve a tnR and f vlew whlch is not a matter consldered as part of an Independent I have no concems and have come aeAOSS no ther mat*rs In cornedbn with the examinatlon to whlch attenllon should be drawn In thls report In order to enable a woper understanding of the accounts to be Mr Ndl Cunliffe The Institute of Chartered Accountants In England and Wale8 N.C.N.M. Accountancy Limlted Chartered Accountants The Lodge 93 Normanslon Drive Oulton Broad Lowestoft Suflolk NR32 2PX Page 4
Feny Road Nur8ery Statemenl of Flnanclal Actlvltles for the Year Ended 31st August 2024 2024 Total fund8 2023 Total funds Unrestrlcted R08tricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 51 51 ChaTltable actfvltles Pre4¢hool Playgroup 331,397 331,397 280,753 Other tradlng adfvitss 285 Total 331848 331h48 281,947 EXPENDITURE ON Ralslng fund8 Charltabl• actfvltl•g Pre4chool Playgroup Trlps 330,261 962 27 3J1788 952 296,828 655 Total 331,213 527 333,740 297,383 NET INCOMEI(EXPENDITURE) 11627) 11292 (16,436) RECONCILIATION OF FUND8 Total funds brwhl foNMrd 33.121 164996 188,117 203,$53 TOTAL FUNDS CARRIED FORWARD 33,366 151469 186,826 188,117 The notes forn) part of the88 fmanTral slaiernents Page 5
Ferry Road Nursery Balance Sheet 31st August 2024 2024 Total funds 2023 Total funds Unrestytcted Restricted fund funds Notes FIXED ASSETS Tangible assets 5.977 152,469 158,446 161.775 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 10 11 159 722 44.703 159 722 44,703 81 2,000 42.013 45,584 44,094 CREDITORS Amounts falling due within one year 12 (18,205) (18,205) (17,752) NEf CURRENT ASSETS 27,379 27,379 26,342 TOTAL ASSETS LESS CURRENT LIABILITIES 33.356 1S2,469 185,825 188,117 NET ASSETS 33,356 152,469 185,825 188,117 FUNDS Unrestricted funds= General fund Restricted funds.. Building Fund Sensory Room Healthy Eating & Physical Activity 14 33,356 33.121 151,940 66 463 154,291 88 617 152,469 154,996 TOTAL FUNDS 185.825 188,117 The financial statements were approved by the Board of Trustees and authorised for issue on 23106jioz and were signed on its behalf by. C Booker- Trustee The notes form part of these financial slalements Page 6
Ferry Road Nursery Notès to thè Flnanclal Statements for the Year Ended 31st August 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financlal statements of the charity, whlch is a public benefit entity under FRS 102, have been prepared in accordance with the Charrties SORP (FRS 102) 'Acunting and Reporting by Charlll statement of Recommended Practice applicable to charitles prepartng thetr accounts In accordance wilh the Flnancial Reporting Standard appllcable In the UK and RepubNc of Ireland (FRS 102) {effecllve 1 January 2019),. Flnanclal Reportlng Standard 102 'The Flnancial Reportlng Standard applicable in the UK and Republic of Ireland, and the Charlties Act 2011. The financial statements have been preparnd under the historical cost conventlon. Income AEI In¢ome is recognI8ed in the Statement of Flnan¢lal Actbvities once Ihe charity has entitlement to the funds, St is probabl8 that the Income wlll be recelved and the amount can b8 measured rellably. Expenditure Liabilitles are recognlsed as expendlture as soon as there is a bgal or ¢onstrucllve obllgation committing the charlty to Ihat expendlture, it Is probable that a transfer of economic bgnefits will be required in settlement and the amount of the obllgatlon can be measured reltably. Exponditure Is a¢Unted for on an accrua18 basis and has been classifled under headlngs that aggregate all cost related lo the category. Where costs cannot ba dlrectly attrfbuted to partICar headings they have been allocated to actlvlueg on a basls conslstent with the usé of resources. Tanglble flxed a88ets Depreclatlon Is wovlded at the followtng annual rats8 in order to writa off each asset over its esttmated useful Ilfe. Improvements to propety Long leasehold Equlpment Flxtures and rn98 10% on cost and Straight Iln8 ovèrthe life of the lease stratght Ilne over the life of the lease 25% on reduclng balan 25% on reduclng balance 8tocks stocks are valued at the lowar of cost and net realisable value, after maklng due allowance hr obsolete and slow movlng iterns. Taxatlon The charity Is exempt from tax on its charltablo 8¢tlvltses. As the majority of the Charitys activides are classified ag exempt or non-business for the purpose of value added tax, the Charity Is unable to reclaim the value added tax whlch It suffers on its expenditure. ExpendEiure Is therefore ghown incluslve of value added lax. Fund aG¢ounllng Unrestricted funds can be used in accordance with the chaTilable objedive8 8t the dlscretbn of the trustees. Restrfcted funds can onty bé used for partlcular restrlctéd purposes wilhln the objects of the charlty. Restrlctlons arlse when Specified ty tha donor or when funds are ralsed for partlcular restrlcted purposes. Further explanation of the nature and purpose of each fund 1$ included In the notss to the financlal slatements. PSlon costs and other p08t-retlrnment benefits Th8 charity operates a deflned contrlbutlon penslon scheme. Contributions payable to the charivs penslon scheme are charged lo the Statement of Flnandal AGtNStles In the period io which they relate. Page 7 continued...
Ferry Road Nursery Notss to the Flnanclal Statements - conllnued for the Year Ended 31st August 2024 DONATIONS AND LEGACIES 2024 2023 Donad'ons Untform sales 231 878 51 OTHER TrADING ACTMTES 2024 Fundralsing events 285 INCOME FROM CHARrrABLE ACTIVITIES 2023 Fees & andllary payMts Prfr8th001 Pkygroup Trfps Grants Pre-sel1 Playgroup Prfrschool Pkygroup 3,697 276,160 4.533 331,397 280,753 Grants recelved, induded In Ihe ab(Ne. are as follo. 2024 2023 Rye Mutual Ald Strode College- apprente support Sussex Community Foundatlon 4,533 1.800 4,533 In the year. £800 was recefved from Rye Mutt1 lo help th new garden18rthaptng and to The grant was fulty eXpeThI kn the par. In the year, £1,IX)O apprenllce granl Th rtreiveil. The grant was fuNy expended In the year. In Ihe PraUS year, £4.533 was received lo repl 80me of Ir IT equipmenL The grant was fvl expended in the year. continued...
Ferry Road Nuraery Notes to the Flnanclal Statements - eontlnuod for the Year Ended 318t August 2024 CHARITABLE ACTIVITIES COSTS Dlrect Costs Support costs Totsls Pre-school Playgroup Trips 329,535 952 3,263 332,788 962 330N87 3253 333,740 TRUSTEES. REMUNERATION AND BENEFITS There were no trustegs, remuneratlon or other benefits for the year ended 31stAugust 2024 nor for the year ended 31st August 2023. Trusioes. expenses There were no trustees, èxpenses pald for the year ended 31st August 2024 nor for the year ended 31 st August 2023. STAFF COSTS 2024 2023 Wages and salarles Social security costs Other pen8k>n cost8 261.967 11.162 4.609 237,502 7,979 3,502 277.628 248,983 The avwage rnonthly number of employees durln9 ts year was as foll 2024 2023 Pre4chool a¢tlvlties No employe88 recelved enlUrnents In excess of £60,000. COMPARATIVES FOR THE 8TATEMENT OF FINANCIAL ACTIVITIES Unrnstrlcted Reslrlcted fund funds Total funds INCOME AND ENOOWMENT8 FROM Donattons and lega¢le6 909 909 Charltablo actlvltle# Pre4chool Playgroup 280,753 280,753 Other trsdlng activitles 285 Total 281,947 281,947 EXPENDITURE ON Raising funds 100 100 Page g cmtinued...
Ferry Road Nursery Notes to tho Flnanclal Statements - contlnued for the Year Ended 31sl August 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestrlcled Restrlcted fund funds Total fund8 Charitable actlvltles Pre•school Pkygroup Trlps 294.042 655 2,586 298,628 855 Totsl 294,797 2.586 297,383 NET INCOMEI(EXPENDITURE) 112,850) (2,586) (15,436) RECONCILIATION OF FUNDS Total funds brought fomard 45.971 157,582 203,553 TOTAL FUNDS CARRIED FORWARD 33,121 154.996 188.117 TANGIBLE FIXED ASSETS Improvements to property Flxture8 and flltlng8 Long leasehold Equlpment Totals COST At 1st September 2023 and 31st August 2024 188,106 51,800 20,063 4861 241620 DEPRECIATION At 1st September 2023 Charge for year 41,296 2,466 18.186 623 18,839 2.524 80,845 3A29 At 31st August 2024 43,761 18,709 19.145 84,174 NET BOOK VALUE At 31st August 2024 124,346 33,091 918 92 158A46 At 31st Au9USt 2023 128,810 33,614 1,224 127 161,775 Pag• 10 continued...
Ferry Road Nurnery Notes to the Flnancial Statements - contlnued for the Year Ended 31st August 2024 10. STOCKS 2024 2023 159 81 11. DEBTORS: APJIOUNT8 FALLING DUE MTHIN ONE YEAR 2024 2023 Other debtors 722 2.000 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credltors 18.205 17,752 Cr8dftors indudes £12,799 (2023.. £12,126) of deferred Income being fees receNed In advance of the Autumn term. 13. LEASING AGREEMENT8 The Charlty has a non-cancellable lease with Rother District Council for the rent of the bulldlng from whlch It operates. The 99 year lease was granted In 1989 and the Gurrent rent is £260 per 8nnum. There Is a covenant that should the Nursery activities cease at that location or the Trust Geases to exlst, the prop8ty Immedlately reverts to Rother Dlslrl¢t Coundl. 14. MOVEMENT IN FUNDS movement In fund8 At 31.824 At 1.9.23 Unrestrlcted fund8 General fund 33,121 235 33.366 Restrfcted fvnd8 Buildlng Fund Serbsory Room Healthy Eatlng & Physical Activlty 154291 12.361) (22 {164) 161.940 66 617 154,996 12.5271 151469 TOTAL FUNDS 188,117 (2.292 185,826 Page11 continued...
Ferry Road Nurséry Notes to the Flnanclal Statements - continued for the Year Ended 318t Augu8t 2024 14. MOVEMENT IN FUNDS - contlnued Net movement in funds, Included In the above 8re as foNows: InGomlng rosourc08 Re80urces Movement expended In fund6 Unre8trtct funds General fund 331148 (331,213) 235 Re8lrlcted fund8 Bulldlng Fund Sensory Room Hea1Y Eaung & Physlcal Acllvlty 1&351) 1221 11641 (2,361) 122) (154) I227) (2,627) TOTAL FUNDS 331,448 (333,740) (2,2921 Comparatlv08 for movement In fund8 N•t movement In lund8 At 31.8.23 At l J.22 Unre8tr1ctod fund• General fvnd 45,971 {12,850) 33,121 R•8trlcted fund8 8uikllng Fund Sensory Room Heafthy Eatlng & Physl¢81 Acuvlty 156.842 118 822 {2,351) (30) {205) 154,291 88 617 157,682 (2,588) 154,996 TOTAL FUND8 203,553 (15,438) 188,117 Page 12 oonlinued...
Ferry Road Nursory Notss to the Flnanclal Statements- contlnued for the Year Ended 31st August 2024 14. MOVEMENT IN FUNDS - contlnued Comparatlve net movemenl In funds, inrJud8d in the above are as k)IIN8: In¢¢)mlng rnsources Rosour¢•s Movement expendod In fund8 Unrnstrlcted fund8 Gener81 fund 281,947 (294,797> (12,850) Restrlcted lund8 Building Fund Sensory R*)om Healthy Eating & Physical Activlty (2,351) {30) (206) {2,351) (30) {205) (2,58e) (2,586) TOTAL FUNDS 281.947 1297.383) (16,436) A Cuffent year 12 months and prlor year 12 month8 comblned posllon Is as fdlm: movomont In fvnd8 At 1.922 31.8.24 Unmtrl¢t•d fvnd• General fund 45,971 (12,615} 33,3S6 Restrkted fund8 Buildlng Fund Sensory Room Hèallhy Eatlng & Phy8kal Acti¥lty 156,642 118 (4,702) (52> {359) 151,940 68 483 157,582 (5.113) 162,469 TOTAL FUNDS 203.553 (17.728) 185,826 A Current year 12 months prbr yew 12 monlh6 combined net m¢Mment In fund8, inded In the 8bove are as follM: Incomlffj Ro8ourco8 fiiovement rosources oxpendod In fund$ Unre8trlctad fund8 General fijnd 613,395 (626.010) (12,615) R08tr1ctod fund8 Bulldlng Fund Sensory Room Healthy Ealing & Physical Actmty (4,702) (52) (359) {4,702) {52) (359) (5,113) (5.113) TOTAL FUNDS 613,395 (631,123) (17.728) Page 13 continued...
Ferry Road Nursery Notes to the Flnanclal Statements - ¢ontlnued for the Year Ended 318t August 2024 14. MOVEMENT IN FUNDS - contlnued Buildlng Fund The Buildlng Fund r&presents a long lease glven by Rye Town Coundl plus grants and monies ralsed for Improvements to the propety which have yet to be deprecl8led. Sen80ry Room Fund A donation was recelved to fund the development of a Sensory Room In 2013 and subsequent year8. The fund carried forniard repreBenls cepital Ilelns whtch hav6 yet to be depreclated. Hfralthy Eallng & Phy81cal Actlvlty Fund A grant was recelved In 2017 and 2018 from the East Sussex County Councll for Healthy Eating and PhyslGal Acdvlty. The fund carried fonvard repr&8ents capital Items whtch have yet to be depreciated. 15. RELATED PARTY DISCLOSURES Thare Vre no related paty tran8actFon8 for the year ended 318t August 2024. 16. ULTIMATE CONTROLLING PARTY The Charlty Is controlled by Its Board ol Trustees. Page 14