BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08651219 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Claire Jackson
Anna Wilczynska Kalucka
Rebecca Smith
Natasha Paffett


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 April 2024

And signed on behalf of the board by:
Name: Claire Jackson
Status: Director

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 464,520 420,237
Cost of sales: ( 381,328 ) ( 368,045 )
Gross profit(or loss): 83,192 52,192
Distribution costs: 0 0
Administrative expenses: ( 60,101 ) ( 64,494 )
Other operating income: 1,500 2,124
Operating profit(or loss): 24,591 (10,178)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 95 ) 0
Profit(or loss) before tax: 24,496 (10,178)
Tax: 0 0
Profit(or loss) for the financial year: 24,496 (10,178)

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 13,277 14,459
Investments:   0 0
Total fixed assets: 13,277 14,459
Current assets
Stocks:   0 0
Debtors: 4 8,075 7,297
Cash at bank and in hand: 133,055 118,899
Investments:   0 0
Total current assets: 141,130 126,196
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 50,563 ) ( 50,657 )
Net current assets (liabilities): 90,567 75,539
Total assets less current liabilities: 103,844 89,998
Creditors: amounts falling due after more than one year: 6 ( 26,038 ) ( 36,688 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 77,806 53,310
Members' funds
Profit and loss account: 77,806 53,310
Total members' funds: 77,806 53,310

The notes form part of these financial statements

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 18 April 2024
and signed on behalf of the board by:

Name: Claire Jackson
Status: Director

The notes form part of these financial statements

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverTurnover is measured at the fair value of the consideration received or receivable, net of discounts and value addedtaxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover isreduced for estimated customer returns, rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods hastransferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. Thestage of completion of a contract is measured by comparing the costs incurred for work performed to date to the totalestimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of acontract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives on the following bases:Fixtures & Fittings 20% Straight LineComputer Equipment 20% Straight Line

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 18 17

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 0 0 45,167 11,671 0 56,838
Additions 0 0 4,623 774 0 5,397
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 August 2023 0 0 49,790 12,445 0 62,235
Depreciation
At 1 September 2022 0 0 33,540 8,839 0 42,379
Charge for year 0 0 5,278 1,301 0 6,579
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 August 2023 0 0 38,818 10,140 0 48,958
Net book value
At 31 August 2023 0 0 10,972 2,305 0 13,277
At 31 August 2022 0 0 11,627 2,832 0 14,459

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 8,075 7,297
Total 8,075 7,297
Debtors due after more than one year: 0 0

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1 1
Taxation and social security 3,957 1,542
Accruals and deferred income 44,335 48,209
Other creditors 2,270 905
Total 50,563 50,657

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 26,038 36,688
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 26,038 36,688

COMMUNITY INTEREST ANNUAL REPORT

BROADFIELD NURSERY COMMUNITY INTEREST COMPANY

Company Number: 08651219 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Broadfield Nursery C.I.C maintains a significant role within the community, by providing high quality affordable childcare. We have a clear focus on children’s welfare and education, not on profit making.-Children from birth to 5 years have been able to access high quality care and education.-Parents and carers of children have been supported to gain employment by offering flexible session times for childcare, further develop their parenting skills through our support and training sessions, and to access further education. -We have supported a number of students through placements, and have a apprentice scheme.-Working closely with the Family Hub, to support children and families and identify community needs.

Consultation with stakeholders

The stakeholders are the families who access our services mainly from the local community, Family Hub users, the community and staff. We have had consultation evenings, questionnaires, and ongoing development meetings. The families attending wanted us to remain with the hourly charge rate which we have done, families also wanted more flexibility with the time and days of consultation meetings regarding their children's development and therefore we now offer meetings during the day. We have attended and supported local groups that support the development of Broadfield and offered to run a parenting course in relation to this. Staff expressed a keen interest in developing their own projects within the nursery and community which included running parent workshops on children's development and school readiness.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 April 2024

And signed on behalf of the board by:
Name: Claire Jackson
Status: Director