Company Number.. 02476480
Charity Number: 1008566
YORK CHILDCARE LIMITED
A company limited by guarantee
TRUSTEES. ANNUAL REPORT
AND
CONSOLIDATED FINANCIAL STATEMENTS
for the year ended
31 March 2023
HPH
Chartered Accountants
54 Bootham
YORK
Y030 7XZ

## **YORK CHILDCARE LIMITED** 

## **ANNUAL REPORT AND FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

|**CONTENTS**|**_page_**|
|---|---|
|Report of the Management Board|_1 to 10_|
|Auditor's Report|_11 to 14_|
|Consolidated Statement of Financial Activities|_15_|
|Consolidated and Charity Balance Sheets|_16_|
|Consolidated and Charity Cash Flow Statement|_17_|
|Notes to the Consolidated Financial Statements|_18 to 29_|





YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023
The Directors, known as the Management Board (who are also the Trustees of the Charity and whose details
are shown in the reference and administrative information section of this report) are pleased to present their
Annual Report together with the Financial Statements of the Charity for the year ended 31 March 2023.
The Financial Statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum
and Articles of Association, and Accounling and Reporting by Charities.. Stslemenl of Recommended Prac-
tice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20151.
The Charity is a Public Benefit Entity-
OBJECTIVES AND ACTIVITIES
Charitable status was awarded on 21 February 1992 because of ourcompany policy to use income generated
from our activities for the promotion of financially assisted places in nurseries.
Our activities include supporting Out of School Clubs induding those caring for children within deprived post-
code areas of York.
Our charitable objectives as an organisation are to provide quality and affordable childcare for children from
6 weeks lo 16 years and in particular to support lone parents and those on low income. Vve achieve this both
with the provision of nursery care and the work of supporting Out of School Clubs. We offer Assisted Places
to parents who are in receipt of ￿rtain state benefits or who apply for a reduction in fees due lo personal
circumstances to ensure that as wide a group as possible can be considered foi financial assistance.
Our Out of School Support Service only works with out of school clubs that are 'not for profil,. The aim is lo
ensure the clubs are sustainable in the longer temi and improve quality standards. A charge is made for the
ServI￿S we provide.
We believe that our activities further our charitsble purposes which we provide for the wider public benefit,
broadly described as the advan￿Ment of education and support for the relief of poverty.
The criteria we use lo assess success in the reporting period are..
That children have benefitted from accessing a wide range of leaming opportunities supporting their
well-being and general development.
That children are making good developmental progress towards attaining the goals as defined in the
Earfy Years Foundation Stage, including children who have additional needs.
That requests for financial assistan￿ to support families where there is an identffied need are mel
with a positive response.
That a forecasted surplus is achieved or exceeded through setting and monitoring occupancy lar-
gets across the nurseries.
That the satisfaction of parenuguardians is reflected in the nursery provision for their child{renl.
That budgetary controls and Pro￿sseS are implemented regarding chartlable expenditure to main-
lain our budgetary expectations.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
ACHIEVEMENTS AND PERFORMANCE
As Trustees and Directors of York Childcare Limited, we believe that we have complied with the duty in
section 17151 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charrty
Commission.
The financial assistan￿ we have provided over the last year is detailed on the following pages but can be
summarized as follows..
2023
2022
Assisted places including additional support for Funded
2-year-olds and other Children attending under Earfy
Years places
9.457
6,990
Out of School Support servi￿ fees and other costs
waived
526
£9,457
£7,516
The start of 2023 marked the retirement of Karen Mawson. CEO of York Childcare Ltd. Karen dedicated over
20 years of Servi￿ lo the organization and will be very much missed by staff, colleagues, children and their
families. With the retirement of Karen, we redeveloped the job description of CEO, and have recruited a full-
time Director of Operations. Victoria Smith joined us in May and comes from a strong background in early
edLJcation and business, having co-owned a private day nursery and teaching at both college and university
levels. We look forward lo working with Victoria moving forward.
Nurseries
We have continued to operate our nurseries in Clifton. Wesl Bank Park and Scarcroft Green, all of which
offer high quality childcare. Our nurseries are inspecled by Ofsled in accordance with their schedule of
inspections - the results of the lalesl Ofsted inspections are available on their website al www.ofsled.
ov.uk
Ofsted affim through their reports that York Childcare nurseries "promote conlinuily of care and learning
between the nursery and home" in an environment where the children feel safe.
A number of external factors have had a signtricant impact on our operations throughout 2022-23. Increases
in fuel costs, inflation and rises in the National Minimum Wage have presented constant challenges to deal
with, and it is well documented in the media that recruitment in the Early Years sector reached an all-time
low during this period. We have really felt the impact of this, and due to staffing shortages offered redU￿d
operating hours across all nursery settings at points in the year.
Despite the above factors all nurseries are slill open, our fInan￿S stable, primarily due las they were last
year} lo the tremendous support of parents. guardians and our committed staff.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
After months of planning, we are pleased to have completed major works that were required at Heathels
Nursery early in the financial year, undertaking a full r&roofing of the premises followed by extensive
redecoration and general updating of the setting. Thi5 has b￿n FInan￿d by designated funds set aside over
three years. Staff have been commended for how well they managed the disruption that this caused, with
minimal impact on operating hours or families relating to this. The new roof and associated refresh of the
building has provided a boost lo staff morale during a period ofdifficulty surrounding recruitment at the setting.
We continue to believe that one reason our nurseries are of such high quality is the investment in our staff.
We value them highly and ensure that they receive full support and training opportunities al our expense lo
be certain that they keep up to dale with good childcare practice. We have access through accredited training
providers to help support those staff who wish to improve their qualifications. This investment is also
acknowledged in the most recent Ofsted inspection reports. In reviewing staff salaries this year, we have
begun to review the benefits that we offer to staff., this will be a ple￿ of ongoing work into the next fin8nci81
year.
We understand that the relationship belween parents, carers and the nurseries is key lo ensure we provide
a well-rounded and nurturing experien￿ in all aspects of nursery life, encompassing the needs of the
children, local community and beyond. To maintain this partnership. parents and carers have regular contact
with their nursery, primarily through the Key Person allocated for their child but also keep up to date through
allending informal events al the nurseries, such as 'Slay-and-Play' aftemoons, and regular newsletters lo
keep everyone up to date with day-to-day nursery life and events.
Our website was updated this year, and provides a fresh and revitalised source of information both for new
and existing parents and stsff. We include news updates on Facebook for each setting which parents can
access at any time and our open Facebook page is used for sharing news, marketing and recruitment.
The nursery fees we charge are in line with market prices for qualty childcare provision in York. We do not
expect our other parents to subsidise or underwrite the costs of offering Assisted Places. The funding of
Assisted Places is made possible by the fact that senior support services are provided by our Management
Board on an honorary basis al no Charge. During the past year our Trustees have provided line management,
personnel, accountsncy, legal, financial and propety advi￿ free of charge.
We continue to be approached by parents with requests for Assisted Places for their children to have
conlinuily of care whilst they resolve employment issues. often connected with short lime working or
redundancy, delays in families receiving beneffts claimed and with issues sumunding family break-up or
health. Requests over recent months have primarily been from the managers of our three nurseries for
funding, lo enable children to atterbd nursery all year round when other funding streams only provide for them
for the 38 weeks of the year which are 'term time.. We are reacting posttively to such requests. Our senior
staff are also actively directing parents to this Sour￿ of funding where they feel that the child would benefit
from the nursery care we offer and to pay for nursery meals.
12 children attending nursery for their'free of charge. (FOC) sessions have been provided with a hol meal
FOC, funded by our Assisted Places scheme.
The average number of 2-Year-Old funded families we have helped each month was 11 12022.. 14}.
The average number families benefitting from the Assisted Pla￿S scheme each month was 612022.. 6).
Government funding has continued to provide either 2-year-old Funding {subject to certain criteri8.-
https'.Ilww.gov.uklhelp-with-childcar&costslfr￿hlIdcare-2-Year-0IdSl or Early Years Funding for children
aged 3 and 4 years and this is of benefit to many families. Early Years Funding currently provides 15 hours
per week of nursery education, term time only for all children from the term after their 3rd birthday, and 30
hours for working parents. Our staff work with parents to ensure that this provision is as flexible as il can be.
As the level offunding provided continues lo be sel below the cost of delivering the servi￿, additional charges
are made for meals, activities and equipment to mitigate losses, as mirrored across the sector.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
All our nurseries have strong lirbks with local schools where the schools cannot provide pre-school nursery
care on site and they work in partnership with the foundation classes at the school to ensure that the children
have continuity of childcare. Heathef s Nursery acts as the provider of this service to Acomb School and
Scarcroft Green Nursery acts as the provider of this service to Scarcroft School. Joseph's Nursery has a
wider Catchment in the Clifton area of York. We provided this Servi￿ lo total of 123 12022.. 1301 children
receiving Early Years funding and to an average of 11 {2022'. 1412-year-olds a lerni receiving Early Years
funding.
Occupancy al Joseph's, Heatherfs and Scarcroft Green Nurseries has remained steady despite the
temporary closures that were made due to staffing issues across each setting.
All our nurseries work closely with social setvices and health visitors to provide the necessary support lo
families with an identtfied social or welfare need. Nursery staff attend planning and support meetings in
addition lo the ongoing support given though daily interaction with the parents of vulnerable children, some
of whom are on the child protection register. The nurseries continue lo provide childcare for families al IDAS
(the Independent Domestic Abuse Servi￿. fomierly known as York Women's Refuge) as and when the need
arises.
Joseph's Nursery has provided additional support for 2 children with SEND, with a suc￿Ssful application for
15 hours per week of Inclusion Funding to provide one-to-one support for the children on a part-lime basis.
Sc8rcroft Green Nursery additionally has provided on&tO-one support for 2 children with SEND, with a
successful application for 4 hours perweek of Indusion Funding to provide one-to-one support forthe children
on a part-time funded basis.
Managers at all three nurseries have received funding known as Early Years Pupil Premium {EYPPI which
is allocated by the Local Authority to improve the educational opportunities for disadvantaged 3 and 4-year-
olds. Heathers Nursery received funding for 5 children. Scarcroft Green Nursery received funding for 6
children and Joseph's nursery re￿iVed funding for 2 children. Managers are restricted as to how they can
spend this money and they musl be able to demonstrate how the service or item purchased benefits the
recipient. Expenditure has included the purchase of specrfic resources and play equipment lo enhance the
learning opportunities for the childfen and ensure an indusive experience is had by all.
Out of School Support Ser•l¢e
Since its birth in 2006 the Out of School Club Support servi￿ has gone from strength to strength. Having
previously worked within the childcare sector at City of York Council, our Support servI￿s Manager has built
on her skills and extensive knowledge and currenlly supports five individual clubs and more than 20 trustees.
These clubs remain individual charitable entities who have a contractual relationship with our Support Service
and receive a range of high-qualily advi￿ and assistan￿. including Iruslee support, quality improvement,
training, safeguarding support and updales, payroll and bookkeeping from a dedicated small team based at
York Childcare Ltd head office. We make a charge of 1 Ooh of monthly turnover which covers all the setvices
we provide, including telephone access to our support seNice staff team five days a week. As the clubs are
charities, we understand that, even with the financial expertise provided, times can sometimes be hard.
Where clubs experience difficulties paying our fee. they can approach York Childcare Ltd for a short-tem)
reduction in fees as set out in the agreement between the club and the Service. Where users of the clubs
face hardship, the Assisted Places scheme is available in all the settings we support and with the agreement
of club trustees is independently financed by each setting.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
In all there are approximately 1,500 families wistered with these settings to which before and after school
childcare is provided. Due lo the demand for childcare in the school holidays, the settings provide childcare
during most school holidays. Occupancy levels are high at all the settings signed up to the Support Service.
and the availability of one-to-one support with each club manager ensures not only better outcomes in terms
of ¢hildcare and Ofsted ratings but helps to build relationships within the community, local schools, the local
aulhorily, and York as a whole.
Due lo ils continuing Suc￿$$. we have moved the Service into a separate trading company, known as York
Childcare Out of School Club Support servi￿ Ltd. Future plans for the company are lo continue to provide
the outstanding service to its current Clubs. whilst looking to expand further afield and offer a range of
bespoke services lo more charitable organisalions to support the sector lo go from strength lo strength in
York and the surrounding are8.
Following its successful inception in 2018, we will be hosting another Out of School Club sectOT conference
in 2023 providing National Keynote Speakers from across the sector, workshops and information pertaining
to the sector. This is a free event for our servI￿s users and is designed to support an increase in quality,
knowledge and understanding of varying topi(3 in the York Out of Sthool Club community. We hope lo make
this an annual event.
FINANCIAL REVIEW
Reserves Policy
The Trustees carried out their annual review of the level of reserves needed to be held in order to cover costs
in the event of sudden and unforeseen closure. It is our policy that we should have enough cash reserves in
the bank lo cover payroll, rent and utilities for a month, plus redundancy costs. It is also our policy to retain
in designated reserves any Signifi￿nI investments and expenditure we will be required to cover outside of
normal activities in the next 12 months or beyond. depending on the level of foreseeable expenditure. Based
on the 2023 figures, and with no capital or other significant expenditure on the horizon, this is approximately
£100,000. This is held within unreslricled reserves and is on lop of funds held for day-lo-day working capital
purposes as described below.
Only in ex￿ptional circumstsnces can these reserves be spent and must be fomially agreed and raltfied by
the board.
Investrnent Powers, Policy and Perforniance
The powers of investment are set out in the goveming document. The Trustees have the power lo instru
Investment advisers lo assist with the investment strategy. No Investment advisers are currently appointed.
Financial Highlights
As reported above and in previous years, the level of govemmenl funding provided for 2- 3- and 4-year-olds
is set below the cost of delivering the Servi￿ and the childcare sector continues to operate in challenging
conditions, with some of our competitors in York going out of business during the ye8r.
The charity has also spent over £96k this year on roof repairs most of this money had been designated in the
prior year with only £18k being spent from free reserves. Overall this has led to the deficit of £165,822 made
in the year (Surplus 2022.. £112,8521- The additional budgetary controls put in pla￿ last year continue lo be
Suc￿sS$ful and have been backed up by monthty cash flow forecasts.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
The Trustees agreed a fee increase with effect from April 2023, t8king into consideration the rate of inflation,
increased utility costs, increases to the National Minimum Wage and a review of staff salaries. Budget
forecasting of 12-15 Months will continue to enable us to respond immediately to ally Varian￿S whilst building
up reserves.
Detsils of our Unrestridod Reserves
The Charity Commission definition of free reserves is "Unreslricled undesignated funds less the book value
of Fixed Assets" At any lime, an organisation of Ihis size has reserves lied up in the fixed assets il needs lo
operate. At 31 March 2023 we had £49,122 (2022.. £58.593) tied up in fixed assets. This leaves resetves of
£131,981 12022.. £211,320) left as free reseNes to support working capital requirements.
Our contracts with parents require them to settle their nursery fees at the start of each month so that we have
sufficient funds lo pay staff at the end of the month. Many parents comply with the contract. but our cash flow
is affected by the means of payment arranged by Government.
Early Years Funding is available for 2-, > and 4-year-olds and provides fvnded nursery ￿re for 38 weeks of
the nomial school year. Our claims are made al the slart of each academic term lo the City of York Council.
The Council makes payments of 85Yo of eslimaled funding entillement wilhin 4 weeks of the start of term.
with selllement of the remaining balance by the next half lemi.
We have a payroll supporting more than 50 slaff and we have Ihe confidence to ensure that we can make
salary payments in full al the month end even rf there are cash flow problems.
From these items alone, during the18St yearwe needed wotking capttal, orfree reserves, of 8t le85t £100,000.
Fundraising
Under the terms of ils Memorandum Idause 3 lili) A). York Childcare is open to re￿Iving and raising funds
for the benefit of the children attending the nurseries and their families.
Truslees are committed to benefitting children and families direclly by providing financial support in response
to need through the Assisted Places scheme. Trustees are grateful lo one local charity for an annual donation
of £2,000 towards the scheme, which is supplemented by discretionary funds allocated by trustees. These
funds have been identtfied as representing the benefft in kind provided by Ttustees for their (pro-bonol con-
tributions to York Childcare. In the current circumstanees. Ttustees will 81so seek funds from additlOll81
sources for the scheme.
Fundraising events are also held by the individual nurseries. though the frequency of these has been con-
strained this year due to staff shortages. Typically prO￿ed$ are raised lo benefit the individual nursery and
another chosen charitable cause. Scarcroft Green nursery will be ￿lebrating ils 20th anniversary in Septem-
ber 2023., a fundraising event and paty is planned for this.
Remuneration of Key Management Personnel
The Trustees consider the Board of Trustees, the Director of Operations. the Specialist Services Manager
and the three Nursery Managers as comprising the key management personnel of the charity, in charge of
directing and controlling the charity and running and operating the charity on a day-to-day basis.
All Trustees give of their lime freely and no Trustee remuneration was paid in the year and Truslee expenses
amounting lo £13 were daimed for ID checking at the bank.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
The pay of the Charity's senior managers is reviewed annually and nomally increased in accordance with
average earnings. There is no formal bench-marking policy, but the remuneration set is fair and in line with
that paid for similar roles within the private. voluntary and independent nursery sector in York.
PLANS FOR FUTURE PERIODS
Nurseries
We continue to believe that the key lo quality child￿re is in employing the best staff and in ensuring that their
training and support continues during their employment with us.
We ensure that our staff attend in-house training at least Iwice a year to help them apply the latest initiatives
in early years care and education. In addttion, the group of staff with a higher level of qualifications fu￿11
additional responsibilities to improve the quality and variety of care and education at all three settings. We
continue to offer an enhan￿ment lo salaries for staff who are the appointed'graduate leaders, at each setting
in conjunction wrth the additional associated responsibilities.
Reviewing staff benefits will be a priority for the next financial year. as will a focus on priorilizing staff retention
and recruilmenl., plans include the introduction of recruilmenl open days at sellings, and developing relation-
ships with our local Job￿ntre to ensure that they are up lo dale with our current vacancies and can support
suitable jobseekers lo consider York Childcare Ltd as a future employer.
There is still a need for Assisted Places for families who fall outside the Govemment funding nets and for
short tem assistance to enable employment opportunities to be taken. There are also short-term requests
le.g., where family income has fallen due to unforeseen circumstances) and we are supportive of these re-
quests for Assisled Pla￿$ so that the impact of the situation does not fall on the children of the family.
We shall continue lo seek further funds to support the Assisted Places for families al IDAS Ifomierfy the Yorf(
Women's Refuge). However, if we cannot find additional funding, we shall continue to support the pla￿$
using our own reserves.
REFERENCE AND ADMINISTRATIVE INFORMATION
York childea￿ operates three day nurseries known by the users of those settings as Joseph's, Heather's
and Scarcroft Green Nurseries. We also operate an Out of School Support Setvice to support and facilitate
out of school care in the York area.
The Company registration number is 02476480 and the Charty registration number is 1008566. The regis-
tered Offi￿ is the principal office sited at The Pavilion. Rawcliffe Lane, York. Y030 6NP.
All members of the Management Board are Direclors and Trustees. and they are also members of the Com-
pany. They are listed below with the last year of reappoinlmenl.
C H Jenkins Company Secretary
R Welch
J M Plummer
S Wealherall
J M Jenkins
D Slafylas
J M Hickie
2014
Resigned 30 April 2023
2019
2021
2023 appointed 15 August 2023
2023 appointed 15 August 2023
2023 appointed 15 August 2023

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
Al the date of this report the senior members of the organization were as follows=
V Smith
Director of Operations
Head Office
A Wheatland
Nursery Manager
Heatherfs Nursery
D Whalling
Nursery Manager
Joseph's Nursery
J Brandl
Nursery Manager
Scarcroft Green Nursery
D Adair
Specialist Services Manager
Head Office
The Company s agents and advisors were as follows-.
Auditor
HPH Chartered Accounlants. 54 Boolham. York
Bankers
HSBC Bank PLC. Partiamenl Street. York
Payroll
HPH Chartered Accountants. 54 Bootham. York
STRUCTURE GOVERNANCE AND MANAGEMENT
York Childcare Limited is a company limited by guarantee and has no share rapital. The Memorandum and
Articles of Assoryation dated 2 March 1990 govern the company and ils offI￿rS. All members of the Man-
agement Board are Directors and Trustees. and they are also members of the company.
Al the AGM 2017 the Management Board adopted Model Articles for private companies limited by guarantee.
In accordance with the Articles of Association, members of the Management Board (the Trustees of the
Charity) retire by rotation every three years. New members of the Management Board are appointed by
advertising vacancies and interested parties are invited to attend meetings with the existing Board who take
into account the balance of skills needed to provide effective management. The Board follows the procedures
recommended by the Charity Commission for the induction of new Trustees.
The maximum number of members of the Company is 25 and liabilty of each member is limited to such
amounts as may be required but not exceeding £1. There are 6 members al Ihe date of this report.
The Management Board is the name given to the Trustees of the charity and the Board of Directors who
manage York Childcare Limited. There are at presenl 6 serving members each with a specific skill that adds
value to the organisalion. Al present. they meet monthly at a fom)al Board meeting to make such decisions
as are required.
The wide range of our Trustees. skill base is used on a regular basis so that matters concerning personnel,
accounting, legal, property, early education and childcare issues, IT, banking, marketing and general man-
agement are all dealt with. None of the Board receives nor asks for any reward for the services they provide
as Trustees. On occasion, servi￿$ are obtained from organisations with whom the Board are connected.
Those services are provided at open market under contract tender conditions. In some instances, where the
ServI￿S are clearfy provided at a discounted value. then a decision whether or not lo accept is made by
Trustees not connected with the organisation.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
The day-to-day management of the organisation is under the resFK)nsibilty of the Director of Operations lo
whom the Nursery Managers report and who deals with 8118dministration of the org8nisation. The Director
of Operations reports directly to the Board.
The Specialist Services Manager deals with all WOTk Invo￿1ng Oul of School Clubs and provides specialist
support lo nurseries when needed and reports lo the Director of Operations.
The Yort Childcare Business Management Team (comprising the HR Manager. the Business Manager, the
Finance Manager and the Specialist Services Manager) support the work of the Director of Operations in
providing day to day operational support which the nursery managers require.
The Board of Trustees provide line management to the Director of Operations.
RISK MANAGEMENT
The Trustees have examined the principal areas of the Charity's operalions and considered the major risks,
which may arise in each of these areas. In the opinion of the Trustees Ihe Charity has established resources
and review systems, which, under normal conditions, should allow the risks. identified by Ihem to be miligaled
to an a¢￿pIable level in ils day-to-day operalions.
The principal risks remain around staff recruitment and retenlion and Ihe effect on occupancy and income.
With inflation rising and unemployment being particulady low it has become harder and harder to recruit staff
into childcare as many leave the industry or look elsewhere for higher pay.
RESPONS181LITIES OF THE MANAGEMENT BOARD
Statoment of Trustees. Responsibilities for the Financial Ststements
Law applicable lo charities in England and Wales requires us as the Trustees of York Childcare Ltd to prepare
financial slalemenls for each financial year which give a true and fair view of the charity's financial activities
during the year and of its financial posilion al the end of the year. In preparing financial statements giving a
true and fair view. our responsibility as TnJstees requires us to follow best pracbce and..
al select suttable accounting policies arbd apply them consistently
bl make judgements and estimates that 8re reasonable and prudent
cl slate whether applicable accounting standards have been followed, subject to any
departures disdosed and explained in the financial statements, and
dl prepare the financial statements on the going concem basis unless it is inappropriate
to presume that the charity will continue in operation.
As the Trustees, we are responsible for keeping a￿untIng records which disclose with reasonable accuracy
the financial position of the charity al any time and which enable us as Trustees lo ensure that the financial
statements comply with applicable law. As the Trustees, we are also responsible for safeguarding the assets
of the charity and for their proper application. and hence for taking reasonable steps for the prevention and
detection of fraud.

YORK CHILDCARE LIMITED
REPORT OF THE MANAGEMENT BOARD
FOR THE YEAR ENDED 31 MARCH 2023- CONTINUED
RESPONS181LITIES OF THE MANAGEMENT BOARD
Members of the Management Board
Members of the Management Board. who are Directors for the PUTpose of company law and Trustees for the
purpose of charity law. who served during the year and up lo the date of this report are set out in the reference
and adminislralion section.
In accordance with company law, as the ￿mpanI$ Directors. we certify Ihal..
so far as we are aware there is no relevant audtt infomi8tion of which the Companrfs Auditor is una-
ware, and as the Directors of the company we have taken all the steps that we ought to have taken
in order lo make ourselves aware of any relevant audit information and to establish that the Charity's
Auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the chaty and financial information in-
cluded on the chariws website. Legislation in the United Kingdom governing the preparation and dissemina-
tion of financial statements may differ from legislalion in olherjurisdictions.
Auditor
HPH, Chartered Accountants will be nominated at the Annual Gener81 Meeting for reappointment and have
expressed their willingness to continue in that capacity-
Approved by the Management Board on 6 December 2023 and signed on its behalf by:
Trustee
10

YORK CHILDCARE LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CHILDCARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2023
Opinion
We have audited the financial statements of York Childcare Limited {the 'charilable company I for the year
ended 31 March 2023 which comprise consolidated Statement of Financial Activities, consolidated and
Charity Balance Sheets, consolidated and Charity Statement of Cash Flows, and notes to the consolidated
financial slalements. including significant accounting. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practi￿).
In our opinion the financial statements-
give a true and fairview ofthe state ofthe group's and the charitable company's affairs as at 31 March
2023 and of the group's incoming reSoUr￿S and application of reSoUr￿s, including its income and
expenditure for the year then ended-
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Acl 2006 and the
Charities Acl 2011.
Basis for opinion
We conducled our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for Ihe audit of the financial statements section of our report. We are independent of the group
in accordance with the ethical requirements that are relevant to our audit of the financial statements in the
UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordan￿ with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concem basis of
accounling in the preparalion of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going con￿rn for a period of at least Iwelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the
relevanl sections of this report.
Other infonnation
The trustees are responsible for the other infomiation contained within the annual report. The other
information comprises the information induded in the annual report, other than the financial statements and
our audilor's report thereon. Our opinion on the financial statements does not cover the other information
and, except to the extent othetwise explicitly stated in our report. we do not express any form of assurance
conclusion thereon.
11

YORK CHILDCARE LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CHILDCARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2023
Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is
materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated. If we identity such malerial inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have perfomied, we conclude that there is a material
misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the trustees, report, which includes the directors, report prepared for the
purposes of company law. for the financial year for which the financial statements are prepared is
consistent with the financial statements,. and
the directors, report included within the trustees. report have been prepared in accordan￿ with
applicable legal requirements.
Matters on vlhich we are required to report by exception
In light of the knowledge and understanding of the group and the charitable company and their environment
obtained in the course of the audit, we have not identified malerial misstatements in the directors, report
included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion..
the parent company has not kept adequate accounting records., or
the parent company financial statements are not in agreement with the accounting records and
relurns., or
certain disclosures of trustees. remuneration specified by law are not made" or
we have not re￿iVed all the information and explanations we require for our audtt,. or
the Irustees were not entilled to prepare the financial statements in accordan￿ with the small
companies regime and take advantage of the small companies exemption in preparing the Trustees
Annual Report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on pages 9 to 10, the trustees (who
are also the directors of the charitable company for the purposes of company law} are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the trustees determine is necessary to enable the preparation of financial statements that
are free from material misstatement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's
ability to continue as a going con￿rn. disclosing, as applicable. matters related to going concem and using
12

YORK CHILDCARE LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CHILDCARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2023
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic altemative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and under the Companies
Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder
Our objectives are lo obtain reasonable assuran￿ about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducled in accordance with ISAS (UK) will always detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud. are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. oullined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our prcKedures are capable of detecting irregularities,
including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks within which the charity
operates, focusing on those laws and regulations that have a direct effect on the determination of
material amounts and disclosures in the financial statements. The laws and regulations we considered
in this context were the Charities Act 2011. the Statement of Recommended Practice, employment
laws, health and safety legislation and Food Safety and Hygiene Regulations.
We identified the greatest risk of material impact on the financial statements from irregularities,
including fraud, to be the override of controls by management. related party transactions and income
recognition. Our audit Pro￿dureS to respond to these risks included enquiries of trustees and
management about their own identification and assessment of the risks of irregularities, sample
testing on the posting of joumals. review of trust￿ minutes and reviewing accounting estimates for
biases.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audit in accordan￿ with auditing standards. We are not responsible for
preventing non-complian￿ and cannot be expected to detect non-complian￿ with all laws and
regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from fraud
as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to
record transactions, collusion or the provision of intentional misrepresentations.
A further description of our responsibilities for the audit of the financial stslements is located on the
Financial Reporting Council's website at= www.frc.or
.uklauditorsres
onsibilities. This description fomis part
of our auditor's report.
13

YORK CHILDCARE LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CHILDCARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2023
Use of our report
This report is made solely to the charrtable company's members. as a body, in awordantx with Chapter 3 of
part 16 ofthe Companies Acl 2006. and to the charitable company s truslees, as a body, in accordance with
Part 4 oflhe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken
so that we might state to the charitable company's members and trustees those matters we are required to
slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the charilable company, the charitable company's
members as a body and the charitable company's trustees as a body, for our audit work, for this report, or
for the opinions we have formed.
HPH, Chartered Accountsnts
Stalulory Auditor
54 Bootham
YORK
Y030 7XZ
6 December 2023
HPH Accountants LLP is eligible for appointment as auditor of the charity by vittue of its eligibility for appointment as
auditor of a company Lbnder section 1212 of the Comparbbes Act 2006.
14

_£ £_ 


_The notes on pages 18 to 29 form part of these financial statements_ 

15 









_The notes on pages 18 to 29 form part of these financial statements. Approved by the Board on 6 December 2023 and signed on its behalf by:_ 

_Director and Trustee_ 

16 







_The notes on pages 18 to 29 form part of these financial statements._ 

17 



YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES
The principal accounling policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows=
al Legal entity
York Childcare Limited is regulated by the Charity Commission (1008566), limited by guarantee
and is registered in England and Wales. The address of the registered office and principle place of
business is The Pavilion, Rawcliffe Lane, York, Y030 6NP.
bl Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charilies". Slatement of Recommended Practice applicable to chartties preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 1021 {effective 1 January 2019} - (Charities SORP (FRS 10211, and the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Acl 2006.
York Childcare Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabililies are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notels).
cl Preparation of the accounts on a going concern basis
The financial statements have been prepared on a going concern basis. This assertion is
supported by budgets and forecasts, together with the On￿oing monitoring of the impact of the
pandemic by the board detailed in the RetX)rt of the Management Board. The directors and
trustees, having considered the foregoing and having made due enquiries, conlinue lo adopt the
going concern basis in preparing the financial slatemenls which assumes that the charitable
company will continue in operation for the foreseeable future.
dl Income recognition
Income is recognised when the charity has entttlement to the funds. any performance conditions
attached to the itemls) of income have been met, tt is probable that the income wll be received and
the amount can be measured reliably.
el Donatsd services and facilities
Donaled professional and other ser￿￿S, and donated facilities, are recognised as income when
the charity has control over the item, any conditions associated wilh the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and that
economic benefit can be measured reliably- In accordance with the Charities SORP (FRS 1021.
On re￿ipt, donated professional and other servi￿. and donated facilities. are recognised on the
basis of the value of the gift to the charity which is the amount the charty would have been willing
to pay to obtain services or facilities of equivalent economic benefit on the open market,. a
corresponding amount is then recognised in expenditure in the period of receipt.
There have been no donated professional or other services re￿iVed during the year.
18

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES (continued)
fj Expenditure and irrecoverable VAT
Expenditure is recognised On￿ there is a legal or constTUCttve obligalion to make a payment lo a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably.
Costs of charitable activib.es indude those costs incurred by the charity in the delivery of its
activities and ServI￿S for its beneficiaries. Costs relating to a particular activity are allocated
directly as sel out in note 6.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support cosls are those functions Ihat assist the WOTk of the charity but do not direclly undertake
charitable activities. Support costs include back Offi￿ costs, finan￿, personnel, payroll and
governan￿ cosls which support the charity's activities. These costs have been allocated to
expenditure on charitable activities.
gl Fund accounting
Unreslricled funds are funds which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity.
Designated funds are funds set aside by truslees out of unrestricted general fijnds for specific
future purposes or projecls.
Restricted and Endowment funds are funds which are used in accordan￿ with spectfic reslrictions
imposed by donors.
h) Tangible fixed assets and depreciation
Tangible fixed assets are included in the financial statements at their historical cost (in the case of
donaled assets, at their fair value at the date of acquisition)- Tangible fixed assets are capitalised
when the cosl exceeds £1,000.
Deprecialion of tsngible fixed assets is provided at the following annual rates in order to wrile off
each asset over ils estimated useful life=
Leasehold alterations
Fixtures, fittings and equipment
Nursery equipment
Computer equipment
over the term of the lease
over 10 years
over 5 years
over 3 years
i) Pension scheme
The cost of providing pension benefits is charged to the SOFA on the basis of employer
contributions accruing in the period.
jl Operating leases
Rentals payable under operating leases are charged on as straight line basis over the lease term.
kl Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounls due.
19

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES (continued)
l) Cash at bank and in hand
Cash al bank and cash in hand includes cash and short temi highly liquid investments wilh a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
m) Creditors and provisions
Credilors and provisions are recognised where the charity has a present obligation resulting from a
past evenl that will probably result in the transfer of fvnds to a third party and the amount due to
settle the obligalion can be measured or estimated ￿lIablY. Creditors and provisions are normally
recognised al their settlement amount afler allowing for any trade discounts due.
n) Financial instruments
The trust only has financial assels and financial liabilities of a kind that qualify as basic financial
instrumenls. Basic financial instruments are initially recognised al transaction value and
subsequently measured at their settlement value with the ex￿ptIOn of bank loans which are
subsequently measured at amortised cost using the effective interest method.
ol Government Grants
Grant income is recognised when the conditions for re￿ipl have been met and there is reasonable
assurance that the grant will be received. It is then recognised in income on a systematic basis
over the periods in which the entity recognises the related costs for which the grant is intended to
compensate, ex￿p1 where the grant is compensation for expenses or losses already incurred or
for the purpose of giving immediate finanaal support to the entity with no future related costs in
which case it is recognised as incorne in the period in whiL* tt becomes re￿1Vable.

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
2. DONATIONS AND LEGACIES
Donations and
covenants
£2,144
£2,144
£ 2,391
Donations re￿iVed during the year were from The Sylvia and Colin Sheperd Charitable Trust (£2,000}
and various donations.
In 2022 no donations and legacies related to Restricted Funds.
Unreslricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
3. CHARITABLE ACTIVITIES
Nursery fees
Out of school support
setvices
Grants receivable
Other income
1,269,078
1,269,078
1,266,421
233
4,500
3,852
233
4,500
3.852
78,846
13,720
49,343
£ 1,277.663
£ 1,277,663 £ 1,408,330
In 2022 no income from charitable activities related to Restricted Funds.
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Totsl
2023
Total
2022
4. INVESTMENT INCOME
Bank interest receivable
£ 1,003
£ 1.003
£40
In 2022 £40 related to Endowment Funds.
5. NET INCOME FOR THE YEAR
Net income for the year is stated after charging..
2023
2022
Depreciation
Rent on short leaseholds
Auditovs remuneration
9.470
61.149
4,500
5,748
9,325
63,037
3,960
4,313
audit
other ServI￿S
21

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
INCOME FROM COMMERCIAL TrADING OPERATIONS AND INVESTMENT IN TRADING
The charity owns the whole of the issued share capital of York Childcare Out of School Club
Support servi￿ Ltd , which was incorporated on 30 March 2022 in the United Kingdom (company
number 140138801 and pays tts taxable profft to the charity by cotporate gift aid. A summary of the
trading results which have been consolidated on a line by line basis is shown below.
Period to
31 March
2023
Period to
31 March
2022
Summary profit and loss account:
Turnover
Administration expenses
Profit for Ihe financial period
Corporate gifl aid dislribulion lo parent charity
89,718
173,8931
15,825
115,8251
Retained profft carried forward
The assels and liabilities of the subsidiary were-
Current assets
Current liabilities
43.293
{43,2931
Aggregate share capilal and reserves
Afler adjusling for intercompany transaclions upon consolidalion. the income from trading activities
was £89.718 {2022- nla)) and expenditure was £89.718 {2022- nla).

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
CHARITABLE ACTIVITIES EXPENDITURE
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
Nurseries
Granls paid as Assisted
Places
Olher cosls
9.457
1,336,126
Out of school support services
Olher cosls
9,457
1,336,865
6,990
1,126,469
739
66,183
Out of school services
Granls paid to clubs
Office and govemance
costs
526
116,135
116,135
97,741
£ 1.461,718
£739
£ 1,462,457
£ 1,297,909
In 2022 £1,398 of expenditure related to Restn"cted Funds.
EMPLOYEE INFORMATION
The aggregate payroll costs of the Charitable Company for the period
are as follows..
Salaries
Social security costs
Pension costs
2023
2022
997,750
58,264
14,993
951,734
53,072
14,061
£ 1,071,007 £ 1,018,867
Average number of employees for the period
Nursery slaff
Office staff
Out of school Se￿1￿ staff
No.
60
No.
60
66
66
No employees were paid emoluments amounting to £60.000 or more {2022 - none} .
Included in the above figures are 29 {2022 - 29) part-time employees, working less than 37.5 hours
per week. It is not possible to calculate the number of full-time equivalent staff because of the
variable hours worked during the year by the part-time employees.
The chartty adminislers contributions to a stakeholder pension scheme and contributes 2 % of gross
pay for employees who have joined the scheme. In addition the charity has in place a Workplace
pension scheme with NEST.open to all staff, and employer contributions are currently made al the
rate of 3 /0 of gross pay for eligible employees who have joined the scheme.
The key management personnel of the charity. comprise the Management Board, the CEO, the Out of
School Service Manager and the three Nursery Managers. The total employee benefits of the key
management personnel of the charity were £194.372 (2022 - £176,692).
23

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
TANGIBLE FIXED ASSETS
Consolldated and Charlty
Leasehold
allerations
Nursery
equipment
OOSMS
equipment
Total
Cost
Al 1 April 2022
Additions
270,331
187,904
899
459,134
At 31 March 2023
270,331
187,904
899
459,134
recialion
At 1 April 2022
Charge for year
215,481
8.463
184,162
1.007
899
400,542
9,470
At 31 March 2023
223,944
185,169
899
410,012
Net Book Value
At 31 March 2023
£ 46,387
£ 2,735
£ 49,122
At 31 March 2022
£ 54,850
£ 3,742
£ 58,592
All fixed assets held are for charitable use £1.007 {2022 £1.7081 related to Restricted Funds.
Note 14 Operating lease commitments sets out the temis of the leases.
10. INVESTMENTS
The charity's investment is in its wholly owned trading subsidiary York Childcare Out of School Club
Support servi￿ Ltd, whose share capital was acquired for £1 on 30 March 2022.
11. DEBTORS
Consolidated
2023
2022
Charity
2023
2022
Income debtors
Other debtors
Prepayments and accrued income
Amounts due from subsidiary
undertaking
57,252
367
13,862
20,181
164
13,305
36,329
35
11,675
20,181
164
13,305
15,825
£ 71,481
£ 33,650
£ 63,864
£ 33,650
In 2022 no debtors related to Restricted Funds.
24

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
12. CREDITORS - amounts falling due within one year
Consolidated
2023
2022
Charity
2023
2022
Trade creditors
Fees and bonds paid in advance
Taxation and social security
Accruals
Other creditors
24.523
45.616
22.167
22.118
8.749
10,534
45,565
13,593
11,316
8.325
5,636
45,616
20,384
15,318
8,749
10.534
45.565
13.593
11.316
8,326
£ 123.173
£ 89.333
£ 95,703
£ 89.334
Fees and bonds paid in advance
Brought forward balance
Deferred in the year
Released in the year
45.565
11.753
{11.702)
79,416
6,565
(40,416)
45,565
11,753
111,7021
79,416
6,565
140,416)
Carried forward balance
£ 45,616
£ 45,565
£ 45,616
£ 45,565
In 2022 no creditors related to Restrided Funds.
13. FUNDS
Consolidated and charity
Asat
0110412022
Asat
3110312023
Income
Expenditure
Transfers
Unrestricted:
Undesignated
Designated - Roof
Repairs
268.205
1.295.632
{1.365.4931
{17,2411
181.103
77,981
(96,225)
18,244
Restricted:
Capital Access Grant
SGN
1.708
376
(701)
{38)
1.007
338
Green Spa￿S- SGN
Endowment
23,596
1,003
11,0031
23,596
Totsl funds
£ 371,866
£ 1,296,635 £{ 1,462,457)
£ 206,044
25

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
13. FUNDS {continuedl
Consolidated and charity
Asat
0110412021
Asal
3110312022
Income
Expenditure
Transfers
Unrestricted:
Undesignated
Designated - Roof
Repairs
198.436
1.409.221
{1.293,9861
145,4661
268.205
35,000
{2,525)
45,506
77,981
Restricted:
Capital A￿sS Grant
SGN
Green Spaces- SGN
1.982
(2741
{1.1241
1.708
376
1.500
Endowment
23,596
40
1401
23,596
Total funds
£ 259.014
£ 1.410,761
£{ 1.297,9091
£ 371,866
Purposes of the funds and transfers between funds
Unrestricted designated funds
The Roof Repairs Fund is for repair of Heatherfs Nursery roof. This was repaired in the year ended
31 March 2023.
Restricted funds
The Capital Access Grants are grants ftjnded under the Earfy Years Foundation Scheme initiative.
These grants are for equipment purchases approved by City of York Council. The expenditure
reflects the amount written off on the same basis as the depreciation rate of the fixed asset or the
aclual expendilure if the item is not capitalised.
The Green Spa￿s funds were received by Scarcroft Green Nursery to spend on the allotment
area.
The balances of the Restricted funds are held in either liquid assets or are held as fixed assets
where that was the purpose of the fund.
Endowment fund
The terms of the endowment are that investment income be used towards Ihe cost of Assisled
Pla￿S at the nurseries. The Trustees have the power to invest and are permitted lo make use of
the investment funds as security for borrowings for development purposes. The endowmenl is
currenlly invesled in a cash deposit account in order to provide security for borrowings in
connection with Scarcroft Green Nursery.
The Endowment income £1.003 12022 - £40) was transferred to the Unrestricted Fund in
accordance with the ternis of the endowment to fund Assisted Nursery Places.

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Undesignated Designated Restricted Endowment
Funds
Funds
Funds
Funds
Total
Funds
Consolidated
Tangible fixed assets
Current assels
Current liabilities
47,414
256,161
1123,173)
1,007
338
48,421
280,095
1123,173)
23,596
At 31 March 2023
£ 180.402
£ 1,345
£ 23,596
£ 205,343
Charity only
Tangible fixed assets
Current assets
Current liabilities
48.116
228.690
(95,703)
1,007
338
49.123
252,624
195,703)
23.596
At 31 March 2023
£ 181.103
£ 1,345
£ 23,596
£ 206,044
Tangible fixed assets
Current assets
Current liabilities
56,885
300.654
(89.334)
1,708
376
58,593
402,607
189,334)
77,981
23,596
Al 31 March 2022
£ 268,205
£ 77.981
£ 2,084
£ 23.596
£ 371.866
16. OPERATING LEASE COMMITMENTS
The total future value of minimum lease payments is as
2023
2022
Within one year
Within two to five years
After more than five years
63.467
214,299
69.997
62,871
234.206
113,558
£ 347,763
£ 410,635
The amount of nOn-Can￿lIable operating lease payments recognised as an expense during the
period was £61,149 (2022- £63.037).
27

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
16. TRANSACTIONS WITH DIRECTORS, TRUSTEES AND RELATED PARTIES
No remuneration, benefits or expenses were re￿iVed by any directors or trustees during the year in
respect of their services to the Charitable Company. There are no other related party transactions
12022- none).
18. CONSTITUTION
York Childcare Limited is a company limited by guarantee. number 02476480. In the event of the
Charilable Company being wound up. the liabilty of the members is limited to one pound.
19. TAXATION
As a registered charity, Yorf( Childcare Limited is exempt from the tax on income f811ing within
sections 466 to 493 of the Corporation Tax Act 2010 to the extent that this is applied to ils charitable
objects. No tax charges have arisen in the Company.
20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Consolidated
2023
2022
Charity
2023
2022
Net income for the reporting period
Deprecialion of tangible fixed assets
Decreasel(increase) in debtors
Increase l{decrease) in creditors
(165,822)
9.470
{37,831)
33,840
112,852
9,540
(5,1791
144,6221
{165,8221
9,470
(30,2141
6,369
112,852
9,540
(5,179)
144,621)
Net cash pmvided by operdting
activities
£ {160,343)
£ 72,591
£{180,197}
£ 72,592
21. ANALYSIS OF CASH AND CASH EQUIVALENTS
Consolidated
2023
Charity
2022
2023
2022
Cash at bank and in hand
208,614
368,957
181,103
368,957
Total cash and cash equivalents
£ 208.614
£ 368,957
£ 181,103
£ 368,957
28

YORK CHILDCARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
22. ANALYSIS OF CHANGES IN NET DEBT
At
At
0110412022 Cash-flows 3110312023
Charity only
Cash at bank and in hand
368.957
{180,1971
188,760
£ 368.957
£ {180,1971 £ 188,760
Consolidated
Cash at bank and in hand
208,614
£ 208,614
23. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Funds
Restricted Endowment
Funds
Funds
31 March
2022
Income and endovmients from:
Donalions and legacies
Charitable acts'vities
Inveslments
2,391
1.406.830
2,391
1,408,330
40
1.500
40
Total income
1.409.221
1.500
40
1,410,761
Expenditure on:
Charilable aclivities
1.296.511
1.398
1,297,909
Totsl expenditure
1,296,511
1,398
1,297,909
Net income
112,710
102
40
112,852
Transfers between funds
40
{40)
Net movement in funds
112.750
102
112,852
Reconciliation of funds:
Total funds brought fO￿ard
233,436
1,982
23,596
259,014
Total funds carried forward
£ 346,186
£ 2,084
£ 23,596
£ 371,866