REGISTERED CHARITY NUMBERS: SC002751 SC053374 Report Of The Trustees And Unaudlted Flnanclal Statements For The Year Ended 31st July 2024 For Bruntsfield Community Nursery Gall Robertson CA Tweedside Park Tweedbank Galashlels Selklrkshire TDI 3TE Bruntsfield CommunTrty Nursery Contents Of The Flnanclal Statements For The Year Ended 31st July 2024 Page Report Of The Trustees Ito3 Independent Examiner's Report Receipts And Payments Account Statement Of Balances Bruntsfield Community Nursery Report Of The Trustees For The Year Ended 31st July 2024 The trustees present their report with the financial statements of the charlty for the year ended 31st july 2024. The trustees have adopted the provisions of the Statement of Recommended PTactice1SORPI 'Accountlng and Reporting by Charitles, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number5 SC002751 Unincorporoted ossociotion to 21st May2024 SC053374 SCIOfrom 22nd May 2024 Independent examiner Gall Robertson CA Tweedside Park Tweedbank Galashiels Selkirk5hire TDI 3TE STrUCTURE, GOVERNANCE AND MANAGEME Governlng document The nursery operated as 8 charltable unincorporated association until 21st May 2024. Bruntsfield Communitv Nursery SCIO w85 formed on 22nd May 2024 and the assets and liabilities of the charitable unincorporated association were transferred at that date. Merged accounts have therefore been prèpaied to 31st july 2024. The Purposes and administration arrangement5 are set out in the Constltutlon. Recruitment and appolntment of new trustees All of the nursery's trustees are appointed or reappointed by the member5 at the annijal general meetin@, which is held near the start of each academic year. Related parties None of the charity's office bearers received any remuneration during the year. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Bruntsfield Community Nursery Report of the Trustees For The Year Ended 31st July 2024 OBJECnVE5 AND ACTIVIThES Objectlves and aims Our purposes, as recorded in our constitution, are to promote the aim of the Scottish Pre-school Plav Association which is to advance the education of pre-school children so that they may take a construttive place in the community, and also the education of their parerits and other adults, children and teènagèrs, and in the furtherance of that aim, to providè safe and satisfying group play in which parents take part when appropriate, and to encourage other char1table activities through which parents may help the children. ACHIEVEMENT AND PERFORMANCE Charitable activities The academlc year 2023124 the nursery continued face-to-face learning, and continued Parents rota to provide assistance with snack-time. The nursery completed a su£ce55ful trip to thè zoo for some great outdoor learning, as well as exploring nature through planting plants in the new planters purchased. They have also had a trip to the trampoline park and coffee shop. A family picnic was arranged which was a great way to involve the parents. The classioom has also been refreshed and new art supplies have been purchased. The nursery Continued to operate in line with all its airns, providing exernplary education and support to the children in its care. Our nursery mana8er has completed her access course qualification which will enable her to start her level 9 childhood practlce qualification.. which enhances the professional environment of the nursery. Our child numbers were strong this year and we have had sufficient childcare pra£titioner5 to support the numbers. We continued to produce flyers and a banner to promote the nursery in addition to increasing our social media presence. We hope these measures will have a positive effect, increasing the number of families choosing to enrol their children at BCN, ensurin6 the longevity of the nijrsery. FINANCIAL REVIEW Flnanclal posltlon This year shows a deficlt of £23,125 due to not as many strong child numbers & not as much council funding occurring in the year. We have seen deficits in recent years due to challenging conditions Chief￿ arisin8 from thè p8ndemic. Revenue This yearfs revenue was £79,109, 3 decrease of £28,947 from prior year, mainly due to not as much council fundin8 occurrlng in the year. Council funding per childlhour remains OUT main source of income. Expenditure This yearfs expenditure was £102,234, an intrease of £21,890 from prior year. Our rllain expense remalns staff costs. We have also increased staff wa8es to match both the Real Living Wage and addition311y in response to the cost of living crisis. We have 3150 Startèd pensions foi our staff. Bruntsfield Communlty Nursery Report of the Trustees For The Year Ended 31st July 2024 FINANCIAL REVIEW Reserves policy The nursery held fund5 of £48,219 at the year end, which 1% £23,125 les5 than prior yèar. These figures include the following sums which have been allocated to the funds as noted on thè Statement of Balances.. The 6runtsfield Nursery 8uildings Fund ot £15.000 makes provision lor potentially unexpected, essential building costs. the Staff Redtjndancy reserve rem3ins at £10,000 the Bruntsfield nursery investment fund remains at £5,CbQQ The committee consider the general fund of El8,219 will enable them to continue to run the nuisery for the forthcorF5ing year. with a continued need lo pxercise caution in rel3tioTh to funding particular projects which would involve investment5 01 our general funds. Future Plan5 We are currently in a re13tively %tablp financial position however as with all public Sector nurseries we must monitor the situatloa closely. Our hope is that parental involvemenc In the day to day 51affing of the nursery, to assist with snack preparation and general support and interaction with the children, will contTrnue. Our main risk is underfilllng our places which would, in turn, reduce our fundin8 from the City ol Edinbtjrgh Councll. There rnay be a reduction in uptake of space5, as there is now an increase iii funded hours available lo pre-school children. 8CN has challenges ITr providing the additional hour5 for thls, due to our sharing of the ljtsildlng with Kid2C3re, the after school provider. If we ale unable to offer the additionhl funded hours, then parents may choose to take up places with providers who can offer thls. The committee and nursery team are continuing to look at ways of expanding our provision and increasing 05Jr advertising. These are issues that will be monitored and addressed oyer the coming financial year. Approved by order of Ihe board of trustees on . and signed an its behalf bv.. Independent Examiner's Report To The Twstee5 Of Bruntsfleld Communlty Nursery I report on the accounts for the year ended 31st July 2024 set out on pages five and six. Respertive responsibilitie5 of trustee5 and examiner The charity's trustees are Tesponsible for the Preparation of the accounts in accordance with the terms of the Charities and Trustèe Investment (Scotlandl Act 2005 and the Charitles Accounts (Scotlandl Regulatlons 2006 las amended). The charity'5 trLJStees conslder that the audit requirement of Regulation Iollllal to Icl of the Account5 Re8ulations does not apply. It is my responsibility to examine the accounts as required under Section 441lllcl crfthe Act and to state whether partlcular matters have come to my attentlon. Basls of the Independent examlner's report My examination was ca¥rled out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006 las amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts Presented with those records. It also Includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any su£h matters. The prO￿dureS undertaken do not provlde all the evidence that would be requlred In an audlt, and consequently I do not express an audlt opinion on the vlew given bythe account5. Indèpendent examlner's statement In the course of my ex3minatioll, no matter has come to my attention- which gives me reasonable cause to believe that. In any material respect, the requlrements to keep accountin8 records in accordance with Section 44111131 of the 2￿)5 Act and Re8ulation 4 of the 2006 Accounts Regulations,. and to prepare account5 which accord with the account5ng records and to comply wlth Regulation 8 of the 2006 Accounts Regulations have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the ccounts to be reached. 121 Sheila Robertson The InstitLrte Of Chartered Accountants Of Scotland Gall Robertson CA Tweedside Park Tweedbank G31ashiels Selkirkshire TDI 3TE Date.. Brunt5field Communlty Nursery Recelpts And Payrnents Auount For The Year Ended 31stJuly 2024 2024 Z023 Receipt5 FundSng Fees Fundraisin8 Kldzcare Contribution Building lrnprovernents & Cleaning Bank Interest Total Incoffle 73,524 1.500 824 2,434 827 99,206 4.483 1,785 2,255 327 79,109 108,056 Payments Salaries Equipment Snacks St3tionery Computer SPPA Insurance and Mernber5hips Registration & other professional fees Outings & Entertainment Telephone Cleaning Stalf Tralning Advertising Sundry Total Expenditure 91,379 2,265 1,703 497 125 522 3,067 1,208 945 152 103 267 70,883 3,043 I,soi 578 138 457 982 1,125 1.071 194 143 229 102,234 80,344 SurplusllDefldtl for year 123,1251 27.712 All ft4nds are unrestylrted 8runtsfield Community Ntsrsery Statèment Of Balances As At 315t July 2024 2024 2023 Bank and Cash in Hand Openrng balance &Jrplu£/lOelicltl in year 71,344 123,1251 43,632 27,712 48.219 71.344 Represented by.. Current Account Savings Account 21,911 26,308 48,219 45,863 2S,481 71,344 Other Assets Equtrpment & Toys- Estimated Valuation Debtor5 7,000 7,000 555 7,555 LlabllwtlQ5 Creditors 567 1,307 Reserves General Fund Staff Redundancy Reserve tsruntsfield Nur5Éry Building Funtl Bruntsfield Nursery Investmeot Fund 18.219 10.000 15,000 41,344 10,000 15,000 5,(h)O 71,344 48,219 All funds are unrestrictetl Approved by the Trustees and signed on their behalf by.. Treèsurer Date