Charity registration number SC041484 (Scotland)
Company registration number SC377640 (Scotland)
THE BROOMHILL NURSERY CHARITY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THE BROOMHILL NURSERY CHARITY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
L Mathieson
J Maxwell
S R Maxwell
H Milne
K Powrie
S Scott
S Maxwell
Charity number (Scotland)
SC041484
Company number
SC377640
Independent examiner
Thyme Accounting & Tax Ltd
36 Angusfield Avenue
Aberdeen
AB15 6AQ
THE BROOMHILL NURSERY CHARITY LIMITED
CONTENTS
Page
Trustees report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 11
THE BROOMHILL NURSERY CHARITY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of the charity are the advancement of health and the advancement of education for children up to five years old in Aberdeen, by working in partnership with Health Visitors who assess the needs of children.

 

The charity aims to meet these objectives mainly by providing vouchers for items such as infant formula/food and clothing as well as larger household items such as reconditioned white goods.

 

The Charity receives donations from individuals, grant making bodies, sponsors and fundraising events.

 

The Charity has set up a partnership with NHS Grampian to work closely with Health Visitors, who routinely visit families with children aged less than five years in Aberdeen City. Health Visitors apply to the Charity for emergency vouchers to assist help families in crisis. In today's economic climate, Health Visitors really appreciate being able to access funding to meet the basic needs of the families they visit.

 

Applications

The Charity has designed clear, easy to follow, user friendly application processes for Health Visitors and the recipients of the funding. This encompasses:

- clear eligibility criteria

- quick response to applications submitted

- efficient, easy to use, family friendly systems in place to purchase items on approved applications

 

Processing applications:

- applications are received via NHS Grampian administrative personnel or direct to the Charity

- Directors review received applications daily

- decisions regards applications received are determined using the Charity eligibility criteria

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

THE BROOMHILL NURSERY CHARITY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
Achievements and performance

In total there were 11 applications received, 7 of these were processed, 4 were rejected as charity was unable to fulfill the white goods request

 

 

 

 

 

 

 

 

 

 

 

Of the 7 applications processed, the following goods were supplied:-

 

 

 

Applications to the Charity are received directly from the Health Visitor and the graph below shows the spread of requests across the HV teams in Aberdeen City:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Charity has an excellent reputation of having an extremely fast turnaround time for applications. Delays are infrequent and cover is now in place to cover Annual Leave, Sickness and other absences

 

All applications were turned around in less than 3 days .

 

Funds are low but we are confident of receiving funding from our main donators AUSA this year.

Financial review

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE BROOMHILL NURSERY CHARITY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -

Plans for the future

Given the challenges of the current covid pandemic it has been difficult to fundraise or receive donations from other parties. It is hoped that we will still be able to assist the Aberdeen City HVs with there requests but these will be limited due to the current funds available to the charity.

THE BROOMHILL NURSERY CHARITY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
Structure, governance and management

The charity is a company limited by guarantee which was incorporated on 28th April 2010 and is governed by its memorandum and articles of association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

L Mathieson
J Maxwell
S R Maxwell
H Milne
K Powrie
S Scott
S Maxwell

Recruitment and appointment of new trustees

The trustees of the charity are the directors of the company on its incorporation. New trustees may be appointed by resolution of the existing trustees and are not required to serve fixed terms or to retire by rotation.

The Trustees report was approved by the Board of Trustees.

S R Maxwell
Trustee
Dated: 5 October 2023
THE BROOMHILL NURSERY CHARITY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BROOMHILL NURSERY CHARITY LIMITED
- 5 -

I report on the financial statements of the Charity for the year ended 31 March 2023, which are set out on pages 6 to 11.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees, who are also the directors of The Broomhill Nursery Charity Limited for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements 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 statement

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

Independent examiner's statement

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

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Wilma A Sim FCCA (non-practicing)
Thyme Accounting & Tax Ltd
36 Angusfield Avenue
Aberdeen
AB15 6AQ
Dated: 5 October 2023
THE BROOMHILL NURSERY CHARITY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
3
1,225
75
Expenditure on:
Charitable activities
4
2,181
3,407
Net expenditure for the year/
Net movement in funds
(956)
(3,332)
Fund balances at 1 April 2022
2,191
5,523
Fund balances at 31 March 2023
1,235
2,191

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE BROOMHILL NURSERY CHARITY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 7 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1,485
2,441
Creditors: amounts falling due within one year
9
(250)
(250)
Net current assets
1,235
2,191
Income funds
Unrestricted funds
1,235
2,191
1,235
2,191

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 5 October 2023
S Maxwell
Trustee
Company registration number SC377640
THE BROOMHILL NURSERY CHARITY LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
1
Accounting policies
Charity information

The Broomhill Nursery Charity Limited is a private company limited by guarantee incorporated in Scotland. The registered office is .

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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 (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE BROOMHILL NURSERY CHARITY LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 9 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE BROOMHILL NURSERY CHARITY LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
1,225
75
4
Charitable activities

Charitable Expenditure

Charitable Expenditure

2023
2022
£
£

Goods donated

1,906
3,090
Share of governance costs (see note 5)
275
317
2,181
3,407
THE BROOMHILL NURSERY CHARITY LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -
5
Support costs
Support costs
Governance costs
2023
2022
£
£
£
£
Legal and professional
-
35
35
-

Independent examiners fee

-
240
240
282

Subscriptions

-
-
-
35
-
275
275
317
Analysed between
Charitable activities
-
275
275
317
6
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
7
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
250
250
10
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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