2025-03-31-accounts - St Sylvesters Nursery

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ST SYLVESTER'S NURSERY

ACCOUNTS

FOR YEAR ENDED 31 MARCH 2025

CHARITY NUMBER SC022157

RITSONS

Chartered Accountants 103 High Street Elgin IV30 1EB

St Sylvester's Nursery Trustees, Annual Report Year ended 31 March 2025 Paze 1 Scottish Charity Number: SC022157 Trustees Chalrpers Treasurer Secretsry Trustee Trustee Charity's principal address STRUCTURE. GOVERNANCE •nd MANAGEMEKr Gov•rnln¥ document Our a550clatlon Is a charftable unlncorporated assoclatlon arKI the purposes and a¢*nlnlstratlon arraneements are set out In our constttutlon. Recrultment and appointment of Tnjstees All of the tnjstees are appolnted or reappolnted dUrf our Annual General meenI or durfne an EGM. The AGM Is held around June each year. Should a member resign then a Vote for that posit1.on will be heid durine the next committee meetin8. OBJECTIVES ANO ACTNMES Charltable purposes Our purposes. as recorded In our constltutlon. are to provlde Nursery Care & Educatlon f+x chlldren aeed Z.5 years In the Eliln area. The Nursery operates out of St Sylvester's Church Hall. whlch Is rented from St Sylvesters Church soclal and fabrk commlttee. ACHIEVEMENTS AND PERFORIAANCE Thls year the nursery has cOntIn to have reeuiar from the Ctyjndl Early Years team to support wlth our contlnuous Improvement In relatlon to the educatlon and learnlne opwl1fjtS belne offered to the children. We recelved an Inspectlon from Care Inspectorate In September 2024 and recefved erades of 4 - Goods for all areas Inspected. The sustalnable rnte Is nth¥ £7.12 per hour. per chlld for 3-5-year-oids and E8.55 per how. per chlld for funded 2-year-olds. Thls wlll rlse for academlc year 2025126 by 4.6%.

st Sylvester's Nursery Trustees. Annual Report (continued) Year ended 31 March 2025 Page 2 Fundraising this year has been through in(lividual and class phot05, a stall at St Sylvester'5 Primary School Summer fayre, Euro Sweepstake, sponsored walk, Raebag5, a one off donation, Advent calendar raffles & Christmas fayre stall. This has raised a total of £1,252.77. Thi5 total VlI be kept towards the monie5 raised during 2025126 as there will be an update to the garden area in Summer 2026. The number of reqistered children for August 2025 has increased frtxn Aust 2024's nnbers. August 2024, we welcomed 17 3-5 children and 14 2-3's, a total of 31 children. This year we are welcoming 27 3-5's and 11 2-3's, a total of 38 children, with more enrolling in January 2026. Due to the rise in the Real Livino Wagt rising by 4.6% alone with a rise in the sustainable rate for 2025126 by 4.6%, it is being presented to the Committee durin% an August meetinq that the Staff will all received a wage increase of 4%. The rent for the lease of the hall increased in August 2024 fr(xn £712.50 to £1,187.50. Thi5 15 due to there being no rent increase Since 2010. Reserves pollcy At the year end the unrestricted reserves held were £101,494. The trustees consider that this balance will enable the Nursery to continue in operation and pay wages and rent which are the main expenses. The trustees also work to meet Care Commission standards by constantly improvinff our seThice. Approved by the Trustees and si8ned on their behalf by: Trustee 2210912025 Date

St Sylvester's Nursery

Page 3

Independent Examiner's Report to the Trustees

I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 4 to 6.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act, and to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in any material respect the requirements:
to keep proper accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulation 9 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 understanding of the accounts to be reached.

Chartered Accountants

Independent Examiner

103 High Street

Elgin IV30 IEB

Date:

22/09/2025

Page 4

St Sylvester's Nursery Receipts and Payments Account Year ended 31 March 2025

Unrestricted £ 250 863 10,336 209,647 1,350	Restricted £ - - - - -	2024 Total £ - 1,842 4,810 183,682 600
222,446	-	190,934
194,576 1,235	- - -	- 153,065 1,140
195,811	-	154,205
1,550 2,124	- -	850 1,390
199,485	-	156,445

22,961	-	34,489

Page 5

St Sylvester's Nursery

Statement of Balances as at 31 March 2025

			2025	2024
	Unrestricted	Restricted	Total	Total
	£	£	£	£
Bank and cash in hand
Opening balance	78,533	-	78,533	44,044
Surplus for the year	22,961	-	22,961	34,489
Closing balance	101,494	-	101,494	78,533
Other monetary assets
Loan balance receivable	350	-	350	250
Accounts receivable	2,538	-	2,538	2,203
Other assets
Equipment	4,402	-	4,402	2,278
	7,290	-	7,290	4,731
Liabilities
Tax and NIC due	2,299	-	2,299	1,187

Approved by the Trustees and signed on their behalf by:

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Date
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22/09/2025

Page 6

St Sylvester's Nursery

Notes to the Accounts for the year ended 31 March 2025

1 Basis of accounting

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Act 2006 (as amended).

2 Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day to day operation of the charity.

Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. The restricted funds are detailed in a separate note to the accounts.

3 Trustee remuneration and expenses

No remuneration or expenses were paid to any of the trustees.

4 Costs of charitable activities

Wages, national insurance and pensions Management and membership fees Hall rent Insurance Office Telephone and internet Care Commission fees Resources Miscellaneous expenses Donations made	Unrestricted Restricted 2025 2024 funds funds Total Total £ £ £ £ 159,768 - 159,768 129,523 446 - 446 578 12,350 - 12,350 8,550 1,277 - 1,277 912 4,121 - 4,121 3,180 884 - 884 560 594 - 594 248 13,127 - 13,127 7,202 1,999 - 1,999 2,272 10 - 10 40
	194,576 - 194,576 153,065

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