2024-12-31-accounts

Company Registration Number: NI666632 Charity Number: 107615

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital)

Annual Report and Unaudited Financial Statements

for the financial year ended 31 December 2024

DNTCA Limited Chartered Accountants and Statutory Auditor Ormeau House 91-97 Ormeau Road Belfast BT7 1SH

Sensations Nest Ltd (A company limited by guarantee, not having a share capital) CONTENTS

	Page
Reference and Administrative Information	3
Directors' Annual Report	4 - 7
Statement of Directors' Responsibilities	8
Independent Examiner's Report	9
Statement of Financial Activities	10
Balance Sheet	11
Notes to the Financial Statements	12 - 16
Supplementary Information relating to the Financial Statements	18 - 20

2

Sensations Nest Ltd (A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION

Directors

Mr N McKee Dr C Caughey

Charity Number in Northern Ireland 107615

Company Registration Number NI666632

Registered Office and Principal Address

1 Clontonacally Road Carryduff Belfast BT8 8AG

Independent Examiner

DNTCA Limited Chartered Accountants Ormeau House 91-97 Ormeau Road Belfast BT7 1SH

3

Sensations Nest Ltd (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 December 2024

The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 December 2024.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the directors of Sensations Nest Ltd present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 December 2024.

The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Financial Review

The results for the financial year are set out on page 10 and additional notes are provided showing income and expenditure in greater detail.

Financial Results

At the end of the financial year the charity has assets of £184 (2023 - £595) and liabilities of £3,764 (2023 - £6,541). The net liabilities of the charity have decreased by £2,366.

Directors

The directors who served throughout the financial year, except as noted, were as follows:

Mr N McKee

Dr C Caughey

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Sensations Nest Ltd subscribes to and is compliant with the following:

• The Companies Act 2006

• The Charities SORP (FRS 102)

Objectives and activities

The objects of Sensations Nest Ltd are:

• 1.1 Advance the education of children and young people with learning disabilities in Northern Ireland.

1.2 Relieve the need of children and young people with learning disabilities and mental health problems and their families in Northern Ireland

The public benefit of the objects are to young people with learning disabilities living in Northern Ireland. We have a wide catchment area with pupils coming from Belfast, Newry and Armagh. We provide education to young people with learning disabilities including Autistic Spectrum Disorders, Downs Syndrome and social, emotional and behavioural difficulties. We provide support to their families through updates on progress in school, therapies (including relaxation, Speech & Language Therapy and Occupational Therapy) and parent training sessions on a wide range of strategies including behaviour management, sensory processing, communication and play skills. The pupils enrolled at the Nest and their families are the charities beneficiaries.

Parents pay a monthly fee and these funds are used to further the objects of the charity namely the advancement of education for children with learning disabilities. Additionally, the Education Authority of Northern Ireland funds pupil placements at The Nest and these fees are paid on a termly basis.

Our accounts for the stated year have been completed by DNTCA Limited by Michelle Staerke and Clare McQuillan,

Financial Report to December 2024

4

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 December 2024

who is taking over from Michelle. This report is being written prior to accounts being submitted to Companies House. This section will include more accurate accounting figures when the report has been completed. However, the Trustees are anticipating losses greater than the previous financial year.

The Nest is using online provider Tide for banking. We continue to explore and apply for other bank accounts, however, many of the larger banks have rejected our applications, including HSBC, Ulster Bank and Virgin Bank. In August 2025, it was decided that paying for Tide’s premium account with a monthly fee was a better option while trying to create an account with a high street bank. This is because the Premium account came with no fee for three months and will give both Mr McKee and Dr Caughey access to the account, whereas previously this was only possible for one trustee.

Amendments of this report will be made for the submission of Accounts to the NI charity Commission when we will have the full accounts report. Sensations Nest has had a reduction in income due to a fall in the number of pupils paying privately. In the academic year of 2024/25 we only had two privately paying families, one part time and one full time. One family encountered significant financial difficulties during the year, and fees were missed, delayed and eventually suspended with a repayment agreement for the future.

With this in mind, Dr Caughey and Mr McKee felt it would be financially prudent to pursue funded placements through the local authority. We now have eight pupils, and all those pupils are funded by the Education Authority. These funds are currently being transferred to Sensations Learning Support to pay for staffing costs. We are trying to increase the number of pupils funded by the Education Authority to ten and are meeting with representatives of the Minister for Education in November 2025, in the hopes of doing so.

Sensations Nest operational Headquarters at 1 Clontonacally Road and the trustees are exploring ways to release equity from the property or mortgage it to improve the finances of the charity.

Summary of the Charities Activities & purposes

The main activities of the charity are education of children and young people with learning disabilities. The purpose of this education is to improve the lives of young people with learning disabilities and their families.

We aim to provide an outstanding standard of education using a variety of educational practices that benefit young people with learning disabilities. In our team at Sensations Nest we have number of professionals to provide a multi-disciplinary approach. We have a Psychology lead team which includes specialist teachers, classroom assistants, behaviour therapists, and speech & language therapists. With a range of professionals working collaboratively we aim to provide a holistic and nurturing education to all our young people that will enable them to learn, grow and thrive in school, at home, and in the community.

Our main activities include those activities that could be found in an Education Authority controlled special school including learning activities such as learning through play, communication sessions, for example, circle time, functional literacy & numeracy, outdoor & physical education, animal therapies & care, and personal development & mutual understanding. We used an adapted version of the NI Primary Curriculum.

We use a range of teaching & learning strategies/programs. Our pupils engage in several different activities including:

• Nurture. The overarching principle of The Nest is to nurture our pupils and provide them with a safe and secure environment in which they can develop at their own pace.

• Attention Autism. This program is designed to build pupils concentration and attention skills, so they can learn to focus on less preferred tasks or follow a schedule that is more adult led.

• Animal care. We have a companion Horse named Billy and our pupils often visit him and learn to groom and care for him.

• Circle time. The purpose of circle time is primarily a communication and personal development task. They engage in different tasks and activities that incorporate cross curricular skills.

• Outdoor education. We are fortunate to have a large outdoor space for our pupils to explore and engage in. Outside we have a jungle gym, swing set, trampoline and sand and water play areas, we also utilise our Barn when the weather is particularly wet and windy. We also use this space for physical development by incorporating nature and with specific movement programs such as balancability.

• Music, the arts & relaxation. As our pupils follow an adapted version of the NI curriculum, we plan artistic activities throughout our week including art and music. Often our pupils need time to destress so that they are ready to learn, so throughout the week we use relaxation therapies to encourage calm. These include use of sensory oils, massage and aromatherapy and yoga.

• Sensory integration. Often our pupils can be under or over sensitive to different stimuli so we use our sensory room to engage the senses and as a means to calm, awaken or energise our pupils for their day.

Throughout the year we provide free training sessions to families of our young people and hope to expand the range of topics we deliver to include the Statementing Process, Behaviour management and sensory integration. We are in the process of expanding our Outreach Services at Sensations Nest by offering training packages to local primary

5

Sensations Nest Ltd (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 December 2024 schools and SPIM’s to support staff, parents and schools.

The purpose of the charity is to improve and enrich the lives of young people with learning disabilities and help them enjoy school by providing them with a safe, secure learning environment and give them access to materials and resources to enable them to learn, thrive and grow.

Achievements & Areas for Improvement

This section outlines the main achievements of the charity

Some of our achievements this year include the following:

• We have successfully tendered for a contract to open a pre-school provision through the Education Authority. We will be opening a pre-school provision for pupils with complex needs. The contract details the provision will support eight pupils at £10,700 per year, per pupil. This is on top of the eight pupils already receiving education at The Nest.

• During the year, we ran online training sessions for parents on a number of topics including behaviour basics, sensory processing & communication. We hope to expand the range of topics this year and offer them to other professionals and the wider community.

• Following on from a successful pupil placement funded by the Education Authority, we have increased the number of pupil places which are funded by the Authority. This has increased from two pupils in the 21/22 academic year to eight for the academic year 2024/25. Additionally, following Annual Review meetings with these families, the eight funded pupil places will continue at Sensations Nest for the 2025/26 academic year. We are aiming to secure two more funded placements for the 2025/26 academic year.

• At the end of the 2024/25 school year we supported the transition of three pupils to other educational establishments in collaboration with parents, the Education Authority and Educational Psychology.

• Plans have been drawn up about a potential expansion to Sensations Nest that would involve turning two unoccupied outbuildings into classrooms so we could increase pupil capacity. We have also explored additional rental premises.

• In 2025 we have begun working with a Highly Specialist Speech & Language Therapists to support our children and this has increased the capacity of staff and standard of practice as a whole.

Areas for development include:

• Continuing to improve the practice of special education for the benefit of our pupils and their families. Specifically, extending communication strategies with support from SLT. Additionally, we will strengthen the assessment procedures to ensure we are reflecting on practice to help improve outcomes for children.

• Developing a comprehensive staff development program to enable staff to become the best practitioners they can be.

• Developing Outreach Services, ASD and other diagnostic assessments delivered by The Nest as a new source of revenue. These need to be expanded in the 2025/26 academic year to increase revenue and cash flow.

• Divesting from Sensations Learning Support. The strain of the financial situation at Sensations CIC is impacting the running of the Nest.

• The development of grant applications to expand on the number of programs we can offer to our pupils and the wider community. Mr McKee will explore the possibility of taking part in a course to develop knowledge related to successful grant applications.

Statement regarding to the Commission‘s Public benefit requirement

This section is written following guidance issued by the Commission under section 4(b)’ of the Charities Act (the public benefit requirement statutory guidance). This report has referred to our purposes/objects, beneficiaries, the activities we engage in, our achievements.

We currently have no private beneficiaries benefitting from our purposes or activities, nor are we aware of any harm stemming from our purposes.

As our families are fee paying, we understand that this will restrict some families from accessing our services. However, these fees enable us to cover some of the costs involved and are necessary for our operation. Additionally, there are other educational facilities that are funded by the Education Authority.

Financial Position

In September 2025 the Nest’s main source of income comes from Education Authority placements at a cost of £23,500 per pupil, per annum. We will explore the possibility of securing funding from the EA for more pupils this school year if the opportunity arises and it may happen because of numbers of pupils that have not received a

6

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 December 2024

placement in a suitable school as of September 2025, and pupils that have been placed in unsuitable placements. We will also receive an additional £10,700 per pupil for each pre-school pupil. This coupled with planned increase in Outreach Services and Assessment income, Sensations Nest has a road map for a more positive financial future with decisive action being taken in the remainder of the calendar year.

Any funds that the Nest generates are used for the running of the school. This includes payment of utility bills including internet connection, resources to improve teaching and learning outcomes, maintenance and upkeep of the school grounds and buildings.

The charity has no fund that is materially in deficit and is currently developing a reserves policy that will stipulate how funds held over are used. In the future the Nest hopes to create it’s own payroll and pay the staff members that work daily at the school on the Clontonacally Road. This maybe possible at some point in the 2025/26 school year depending on the final number of pupils we have.

25/09/25

Approved by the Board of Directors on ________ and signed on its behalf by:

________Mr N McKee Director

7

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES

for the financial year ended 31 December 2024

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The directors confirm that they have complied with the above requirements in preparing the financial statements.

As explained in note 3, state whether the applicable in the UK and Republic of Ireland FRS 102 has been followed;

The directors 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 Companies Act 2006. 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.

25/09/25

Approved by the Board of Directors on ________ and signed on its behalf by:

________Mr N McKee Director

8

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF SENSATIONS NEST LTD

We have examined the financial statements of the charity for the financial year ended 31 December 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.

Respective responsibilities of directors and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.

It is our responsibility to:

• examine the financial statements under section 65 of the Charities Act;

• follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and

• state whether particular matters have come to our attention.

Basis of independent examiner's report

We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 386 of the Companies Act 2006

• the financial statements do not accord with those accounting records

• the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS102)

• there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

__________

DNTCA LIMITED

Chartered Accountants and Statutory Auditor Ormeau House 91-97 Ormeau Road Belfast BT7 1SH

Date: ...............................

9

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 December 2024

		Unrestricted	Total	Unrestricted	Total
		Funds	Funds	Funds	Funds
		2024	2024	2023	2023
	Notes	£	£	£	£
Income
Charitable activities
■ Grants from governments and other co-funders	4.1	34,456	34,456	24,370	24,370
		───────	───────	───────	───────
Expenditure
Charitable activities	5.1	11,424	11,424	14,311	14,311
Other expenditure	5.2	20,666	20,666	20,303	20,303
		───────	───────	───────	───────
Total Expenditure		32,090	32,090	34,614	34,614
		───────	───────	───────	───────
Net income/(expenditure)		2,366	2,366	(10,244)	(10,244)
Transfers between funds		-	-	-	-
		───────	───────	───────	───────
Net movement in funds for the financial year		2,366	2,366	(10,244)	(10,244)
Reconciliation of funds:
Total funds beginning of the year	11	(5,946)	(5,946)	4,298	4,298
		───────	───────	───────	───────
Total funds at the end of the year		(3,580)	(3,580)	(5,946)	(5,946)
		═══════	═══════	═══════	═══════

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 12 to 16 form part of the financial statements

10

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) Company Number: NI666632 BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£
Current Assets
Cash at bank and in hand		184	595
		───────	───────
Creditors: Amounts falling due within one year	9	(3,764)	(6,541)
		───────	───────
Net Current Liabilities		(3,580)	(5,946)
		───────	───────
Total Assets less Current Liabilities		(3,580)	(5,946)
		═══════	═══════
Funds
General fund (unrestricted)		(3,580)	(5,946)
		───────	───────
Total funds	11	(3,580)	(5,946)
		═══════	═══════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.

25/09/25 Approved by the Board of Directors and authorised for issue on ________ and signed on its behalf by

________Mr N McKee Director

The notes on pages 12 to 16 form part of the financial statements

11

Sensations Nest Ltd (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. GENERAL INFORMATION

Sensations Nest Ltd is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is 1 Clontonacally Road, Carryduff, Belfast, BT8 8AG which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

Fund accounting

The following are the categories of funds maintained:

Restricted funds

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

■ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.

■ Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.

Income

Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.

Income from charitable activities

Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

Grants from governments and other co-funders typically include one of the following types of conditions:

■ Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a

12

continued

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.

■Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Expenditure

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation and deferred taxation

No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. GOING CONCERN

There are no material uncertainties about the charity‘s ability to continue.

4.	INCOME
4.1	CHARITABLE ACTIVITIES		Unrestricted	Restricted	2024	2023
			Funds	Funds
			£	£	£	£
	Grants from governments and other co-funders:
	Income from charitable activities		34,456	-	34,456	24,370
			═══════	═══════	═══════	═══════
5.	EXPENDITURE
5.1	CHARITABLE ACTIVITIES	Direct	Other	Support	2024	2023
		Costs	Costs	Costs
		£	£	£	£	£
	Other costs	-	1,058	-	1,058	4,254
	Light, heat and power	2,101	-	-	2,101	1,743
	Cleaning	1,100	-	-	1,100	2,357
	Legal and professional fees	184	-	-	184	203
	Telephone and communications	1,017	-	-	1,017	1,014
	Stationery	977	-	-	977	1,638
	Bank charges	22	-	-	22	96
	Sundry expense	815	-	-	815	111
	Staff costs	-	-	-	-	442
	Computer software costs	764	-	-	764	723
						13

continued

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for	the financial year ended 31 December 2024
	Subscriptions	240	-	-	240	225
	Rates	162	-	-	162	187
	Loan interest	2,984	-	-	2,984	1,318
		───────	───────	───────	───────	───────
		10,366	1,058	-	11,424	14,311
		═══════	═══════	═══════	═══════	═══════
5.2	OTHER EXPENDITURE	Direct	Other	Support	2024	2023
		Costs	Costs	Costs
		£	£	£	£	£
	Other expenditure	19,790	-	876	20,666	20,303
		═══════	═══════	═══════	═══════	═══════
5.3	SUPPORT COSTS			Other	2024	2023
				Expenditure
				£	£	£
	Support			876	876	-
	Governance costs			-	-	862
				───────	───────	───────
				876	876	862
				═══════	═══════	═══════
6.	ANALYSIS OF SUPPORT COSTS
					2024	2023
					£	£
	Support				876	-
	Governance costs				-	862
					───────	───────
					876	862
					═══════	═══════
7.	INTEREST PAYABLE AND SIMILAR CHARGES				2024	2023
					£	£
	On bank loans and overdrafts				2,984	1,318
					═══════	═══════
8.	EMPLOYEES AND REMUNERATION
	The staff costs comprise:				2024	2023
					£	£
	Wages and salaries				19,790	19,441
					═══════	═══════
9.	CREDITORS				2024	2023
	Amounts falling due within one year				£	£
	Bank loan				2,974	5,751
	Accruals and deferred income				790	790
					───────	───────
					3,764	6,541
					═══════	═══════

14

continued

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

10. RESERVES

					2024	2023
					£	£
	At the beginning of the year				(5,946)	4,298
	Surplus/(Deficit) for the financial year				2,366	(10,244)
					───────	───────
	At the end of the year				(3,580)	(5,946)
					═══════	═══════
11.	FUNDS
11.1	RECONCILIATION OF MOVEMENT	IN FUNDS			Unrestricted	Total
					Funds	Funds
					£	£
	At 1 January 2023				4,298	4,298
	Movement during the financial year				(10,244)	(10,244)
					───────	───────
	At 31 December 2023				(5,946)	(5,946)
	Movement during the financial year				2,366	2,366
					───────	───────
	At 31 December 2024				(3,580)	(3,580)
					═══════	═══════
11.2	ANALYSIS OF MOVEMENTS ON FUNDS
		Balance	**Income **	Expenditure	Transfers	Balance
		1 January			between 31 December
		2024			funds	2024
		£	£	£	£	£
	Unrestricted funds
	Unrestricted General	(5,946)	-	32,090	-	(38,036)
	Income from charitable activities	-	34,456	-	-	34,456
		───────	───────	───────	───────	───────
		(5,946)	34,456	(32,090)	-	(3,580)
		───────	───────	───────	───────	───────
	Total funds	(5,946)	34,456	32,090	-	(3,580)
		═══════	═══════	═══════	═══════	═══════
11.3	ANALYSIS OF NET LIABILITIES BY FUND
				Current	Current	Total
				assets	liabilities
				£	£	£
	Unrestricted general funds			184	(3,764)	(3,580)
				───────	───────	───────
				184	(3,764)	(3,580)
				═══════	═══════	═══════

12. STATUS

The charity is a company limited by guarantee not having a share capital.

The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.

15

continued

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

13. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

16

SENSATIONS NEST LTD

(A company limited by guarantee, not having a share capital)

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

17

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT

for the financial year ended 31 December 2024

		2024	2023
	Schedule	£	£
Income		34,456	24,370
Cost of generating funds	1	(28,230)	(32,434)
		───────	───────
Gross surplus/(deficit)		6,226	(8,064)
Charitable activities and other expenses	2	(3,860)	(2,180)
		───────	───────
Net surplus/(deficit)		2,366	(10,244)
		═══════	═══════

The supplementary information does not form part of the financial statements

18

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 : COST OF GENERATING FUNDS

for the financial year ended 31 December 2024

	2024	2023
	£	£
Cost of Generating Funds
Wages and salaries	19,790	19,441
Light, heat and power	2,101	1,743
Cleaning	1,100	2,357
Legal and professional fees	184	203
Telephone and communications	1,017	1,014
Stationery	977	1,638
Bank charges	22	96
Sundry expense	815	111
Staff Costs	-	442
Computer software costs	764	723
Subscriptions	240	225
Repairs & maintenance	1,058	4,254
Rates	162	187
	───────	───────
	28,230	32,434
	═══════	═══════

The supplementary information does not form part of the financial statements

19

Sensations Nest Ltd

(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2 : CHARITABLE ACTIVITIES AND OTHER EXPENSES

for the financial year ended 31 December 2024

	2024	2023
	£	£
Expenses
Governance costs - Accountancy fees	876	862
	───────	───────
	876	862
	───────	───────
Finance
Other interest	2,984	1,318
	───────	───────
Total Overheads	3,860	2,180
	═══════	═══════

The supplementary information does not form part of the financial statements

20