MARGARET MCMILLAN LIMITED
PROVISION OF NURSERY EDUCATION TOGETHER WITH PROVISION OF RECREATIONAL FACILITIES
Objects
3.1.1 THE PROVISION OF NURSERY EDUCATION FOR CHILDREN UNDER THE AGE OF SIX YEARS WHOSE PARENT OR PARENTS OR GUARDIAN OR GUARDIANS ARE RESIDENT IN OR WHOSE PLACE OF WORK IS IN THE BOUNDS OF THE CITY OF PLYMOUTH TOGETHER WITH THE PROVISION OF RECREATIONAL FACILITIES FOR SUCH CHILDREN TOGETHER WITH ANY OTHER CHARITABLE PURPOSES WHICH THE EXECUTIVE COMMITTEE DEEMS TO BE FOR THE BENEFIT OF SUCH CHILDREN.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net operating deficit of £2,998 for the year ended 31 August 2025, resulting in unrestricted funds decreasing slightly from £504,666 to £501,668. The trustees consider the financial position satisfactory, noting that sufficient reserves are held to maintain activities despite financial pressures from increased costs and government funding changes. The charity operates on a going concern basis with no material uncertainties identified.
What the accounts disclose
“Fees Nursery provision 419,715” — page 13
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be three months of the resources expended.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Adele Rees
- Amber Elizabeth Margaret Leach
- Claire Louise Layland MBE
- Grzegorz Stelmaszczyk
- JANIE ACHILLES
- Laura King
- Yasmin Baker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £843k | £846k |
| 31/08/2024 | £757k | £725k |
| 31/08/2023 | £709k | £678k |
| 31/08/2022 | £612k | £656k |
| 31/08/2021 | £605k | £593k |
Common questions
Is MARGARET MCMILLAN LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net operating deficit of £2,998 for the year ended 31 August 2025, resulting in unrestricted funds decreasing slightly from £504,666 to £501,668. The trustees consider the financial position satisfactory, noting that sufficient reserves are held to maintain activities despite financial pressures from increased costs and government funding changes. The charity operates on a going concern basis with no material uncertainties identified. Its FY2025 accounts were independently examined.