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2024-03-31-accounts

COMMUNITY

Chapeltown Community Nursery Reginald Street Leeds LS7 3HL

0113 237 4696

hello@chapeltownnursery.org.uk

To whom it may concern,

Please find enclosed a copy of the most recent set of accounts from Chapeltown Community Nursery.

If you require any further information, please do not hesitate to contact me.

Kind regards

Sarah Wilde Nursery Manager

Charity number 1011670

A company limited by guarantee number 02704190

Annual Report and Financial Statements

W Y C A S COMMUNITY ACCOUNTING WEST YORKSHIRE

Chapeltown Community Nursery for the year ended 31 March 2024

COMMUNITY

Chapeltown Community Nursery Annual Report and Financial Statements

for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 5
Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 to 13

Prepared by West Yorkshire Community Accountancy Service CIO

for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were:

Name Position Chapeltown Lawrence Molloy Chair Leeds Ruth Matthews Vice Chair LS7 3HL Nikolai Berkoff Treasurer Kent ME19 4JQ Amy Curtis Company Secretary Independent examiner Ewan Povey Simon Bostrom FCIE Ashleigh Jeffers Nicholas Oakshett West Yorkshire Community Zoe Croot Accountancy Service CIO Elisa Neame Dates Robin Lovelace Charity number 1011670 Resigned 4 January 2024 Company number 02704190 Resigned 23 November 2023 Resigned 20 Registered and principal address Bankers September 2023 Appointed Reginald Street CAF Bank Ltd

Resigned 4 January 2024 Resigned 23 November 2023 Resigned 20 September 2023 Appointed 2 May 2024

Kings Hill West Malling

1

Chapeltown Community Nursery

Trustees' report

Appointed 20 June 2024

Registered in England and Wales

Scottish Widows Bank Leeds

LSI 9TY

Registered in England and Wales

Stringer House 34 Lupton Street Leeds

LSIO 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 6 Apr 1992. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding El.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the ACM.

Objectives and activities

The charity's objects

To promote the physical mental and social well being of children resident in the area of benefit.

The charity's main activities

We provide day care facilities for children aged 20 months to 5 years in Chapeltown and its vicinity. Apart from providing full day childcare 5 days a week from 8am to 6pm, the nursery also has on-site catering facilities and outdoor play spaces.

We offer opportunities to stimulate the growth and development of children through play as well as providing facilities for recreation and other leisure time occupation which will improve their conditions of life.

We work in partnership with parents, community members and local organisations to promote good community relations; for example offering our facilities to benefit people in our locality, including offering use of our kitchen and community room to local parents.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission's general guidance on public benefit and in particular the advancement of education and the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

Achievements and performance

The nursery has continued to care for children in one of the most economically deprived areas of the UK. The Early Years curriculum and framework in which they are cared for, provides crucial opportunities for cognitive, social, emotional and neurological growth that are the most important foundations for their futures. We have successfully received grant funding to improve their experiences at nursery and give them the best start in life, for example by creating a sensory room

2

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2024

and garden space to provide escapism and an opportunity for children to engage with different resources and activities, particularly useful for children attending our nursery with special educational needs. We have also provided opportunities such as music and movement sessions for free to our families, something that they otherwise may not have been able to participate in due to financial and other pressures and constraints.

We have continued our efforts to open up our nurseries out of hours, helping local businesses to have an affordable space to run from as well as teaming up with other not-for-profit organisations to provide activities for local children and their families to engage in during the weekends.

We have provided further apprenticeship opportunities, giving individuals the chance to begin (or extend) their careers working in the early years sector. As well as this, we have been operating close to capacity and as a result, have been able to offer further job opportunities within the nursery due to more staffing being required.

Financial review

The net expenditure for the year was E5,838, including net expenditure of €9,664 on unrestricted funds and net income of 23,826 on restricted funds.

Reserves policy

Aim

To ensure the sustainability of the nursery and the ongoing operations. The reserves are intended to provide a source of funds for any sudden increase in expenses (staff sickness, building costs or other emergencies), or unanticipated losses for example lower occupancy levels, closure related to COVID or a source of funding not being renewed. Reserves are not intended to replace a permanent loss of income or eliminate an ongoing budget gap.

3

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2024

Reserves policy continued

Goals

The minimum amount to be designated as Reserves to maintain ongoing operations is 3 months operating costs (currently E57,000) plus redundancy pay (currently E 14,000). This Iével would allow us to close in a managed manner if the charity was to be wound up. We recognise that trustees need to be able to justify the holding of income as reserves, as the Charity Law requires any income received be spent within a reasonable period of receipt.

If a need to use reserves is identified, then the trustees will analysis that its use is consistent with this policy document, along with the reason for the shortfall and evaluation of the time period that the funds will be required before being replenished.

The charity's free reserves, excluding fixed assets, at the year end were €43,926.

4

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2024

Statement of trustees[e ] responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP; make

judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on I c /126./..?zf (Trustee) Signed: .. te in

Name•

Independent examiner's report to the trustees of Chapeltown Community

5

Chapeltown Community Nursery

Nursery

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 7 to 13.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded E250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.

I have completed my examination, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Simon Bostrom FCIE

28/08/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street

6

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2024 Leeds LSIO 2QW

7

Chapeltown Community Nursery

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

(including summary income and expenditure account)
for the year ended 31 March 2024
(including summary income and expenditure account)
for the year ended 31 March 2024
(including summary income and expenditure account) (including summary income and expenditure account)
2024 2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Income from:
Grants and donations (2) 157,920 21 ,588 179,508 120,012
Fee income 74,002 74,002 68,684
Other earned income 7,667 7,667 4, 726
Fundraising 590 590 237
Bank interest 207 207 72
Insurance claim 961
Donated assets 1 ,ooo
Notes
Expenditure on:
Salaries NI and pensions (3) 173,094 (1,148) 171 ,946 139,813
Payroll charges 1,341 1,341 1 ,348
Agency staff 1 1 ,660 10,067 21 ,727 19,508
Staff costs 604 604 123
Staff training 1,717 240 1,957 1,107
Food and subsistence 7,799 7,799 6,905
Nursery resources 5,311 1 ,266 6,577 3,223
Nursery upkeep 1 ,036 1,036 1,131
Visits, outings and events 1 ,833 7,260 9,093 3,905
Advertising and publicity 316
Memberships and subscriptions 2,687 2,687 1 ,460
Rates and insurance 4,356 4,356 5,238
Heat and light 9,874 9,874 6,605
Cleaning and waste 1 ,689 1 ,689 3,056
Security and fire protection 1 ,885 1 ,885 232
Repairs and maintenance 9,815 9,815 5,562
Office and other costs 3,262 77 3,339 2,037
Phone, internet and website 1,797 1,797 2,035

8

Chapeltown Community Nursery

Notesto theaccountsfor the for the
yearended31March 2024
Independent examination 990 990 1 ,364
Bank charges 60 60 56
Depreciation 9,240 9,240 10,520
CT TA CR 0EER
Total income 240,386 21 ,588
261,974 195,692
Net income I (expenditure) (9,664) 3,826 (5,838) (19,852)
Gains/(losses) on revaluation assets
EEE EEE EEE
EE
EEE
Total expenditure 250,050 17,762
267,812 215,544
Net movement in funds (9,664) 3,826 (5,838) 250,148
Fund balances brought forward 324,309 1 ,491 325,800 75,652
rr rr rr
ee ceteinruniencnc nn
mcncncnmmmuh
rr
of fixed 270,000 of fixed 270,000
carmen carmen
ern
carmen
eee
rn
carmen
ereae
319,962
325,800
Fund balances carried forward (4) 314,645
EE
5,317
CO
Eee

All incoming resources and resources expended derive from continuing

activities.

B

a 31 March 2024 l

2024 2024 2024 2023
Unrestricted Restricted Total Total

a Fixed assets

n

c

e

s

h

e

e

t

a

9

Chapeltown Community Nursery

s

a

t

Tangible assets (5) Total fixed assets 270,719
aru is
270,719
-
-
270,719
41VU~I WY
270,719
279,959
219,999
279,959
Current assets
Debtors and prepayments (6) 6,924 1 ,500 8,424 6,555
Cash at bank and in hand (7) 37 992 3,817 41 ,809 41 ,092
Total current assets 44,916 5,317 50,233 47,647
Current liabilities:
amounts falling due within one year
Creditors and accruals
Total current liabilities
(8) 1,386
frenene)
1,386
-
-
1
,386
1,000
1,386
1
,806
1,6U0
1,806
Net current assets / (liabilities) 43,530 5,317 48,847 45,841
Net assets 314,249 5,317 319,566 325,800
Funds
Unrestricted funds 314,249 314,249
Restricted funds - D,0T/ D,31/ 324,309
1,491
Total funds 5,317 5,317 1 ,491
314,249 5,317 319,566 325,800

For the year ending 31 March 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) 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 in accordance with the provisions applicable to companies subject to the small companies' regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on

10

Chapeltown Community Nursery Notes to the accounts for the ended 31 March 2024 year

Czt!.v.r.eyue.. Name: Signed• (Trustee) 1 Accounting policies.

Basis of accounting

These accounts have been prepared under the historical cost . convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability,

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not

11

Chapeltown Community Nursery

from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than El ,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a reducing balance basis over their expected useful economic lives as follows: Freehold land: nil Freehol d buildin gs: over 50 years Equipm ent: 25%

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity,

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

12

Chapeltown Community Nursery

Notes to the accounts continued

for the ended 31 March 2024 year

for the for theyearended 31 March 202431 March 2024March 2024
2 Grants and donations 2 Grants and donations 2024 2024 2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Leeds City Council
Nursery Education Grant 152,145 152,145 103,988
Deprivation uplift 3,239 3,239 4,287
Milk subsidy 284 284 409
SEND income 9,588 9,588
Early years premium 2,252 2,252
Other grants 3,606
National Lottery Community Fund (NLCF) 10,000 10,000
Local giving 500 500 500
Seedlings Foundation 1 ,500 1 ,500
Department of Education 1 ,500
Givto 514
The Kickstart Scheme Pee es ne 4,208
The Arnold Clark Community Fund 1 ,ooo
3 Staff costs and numbers 3 Staff costs and numbers 2024 2023
Gross salaries 162,592 132,360
Social security costs 11 ,372 9,880
Employment allowance (5,000) (5,000)
pensions 2,982 2,573
racecar
157,920 21 ,588 179,508 120,012
171,946 139,813
Defined contribution pension scheme 2024 2023
Costs of the scheme to the charity for the year 2,982 2,573
Amount of any contributions outstanding at the year end
Amount of any contributions prepaid at the year end

13

Chapeltown Community Nursery

Notes to the accounts continued

for the ended 31 March 2024 year

4 Restricted funds 4 Restricted funds Balance b/f Incoming Outgoing Transfers Balance
c/f
NLCF 10,000 7,511 2,489
George A Moore 1 ,491 159 1 ,332
Magic Little Grants 500 500
Seedlings Foundation 1 ,500 504 996
LCC SEND 9,588 9,588

The average number of employees during the year was 7.3, being an average of 5.9 full time equivalent (2023; 7.8, 62 FTE). There were no employees with emoluments above E60,000.

1 ,491 21 ,588 17,762 = 5,317 4 Restricted funds Additions At 31 March 2024 Fund name NLCF Depreciation At 1 April 2023 Charge for year George A Moore At 31 March 2024 Magic Little Grants Seedlings Foundation Net book value At 31 March 2024

LCC SEND

At 31 March 2023

6 Debtors and prepayments 5 Tangible assets Debtors Cost Prepayments At 1 April 2023

14

Chapeltown Community Nursery

Notes to the accounts continued for the ended 31 March 2024 year

Accrued income

7 Cash at bank and in hand

Cash at bank

Cash in hand

ng and development, To create a sensory garden at the nursery.

To create a sensory room/space within the nursery. To expand staff training to include more SEN specific training,

To support children attending our setting with special educational needs, through things such as additional staff training, purposeful resources or one to one support for children.

8 Creditors and accruals

Creditors Accruals

Purpose of restriction

To fund our 'Let's Move' project in the nursery, facilitating music and movement sessions with local musicians and artists for the benefit of our nursery children and those in the local community through free Stay and Play sessions.

T o

w

a

r d

s

s

t

a f f

w

e l l - b e i

Freehold Equipment Total
property
270,000 37,707 307,707
- - _
270,000 37,707 307,707
5,400 22,348 27,748
10,800
5 4
26,188
3 840
36,988
9 240
259,200 11,519 270,719
264,600 15,359 279,959
REE EEE
2024 2023
5,979 5,778
945 777
1,uuu os
1 ,500
8,424 6,555
2024 2023
, 793
41
41 ,076
16 16
415809 41 , 092

15

Chapeltown Community Nursery

Notes to the accounts continued

for the ended 31 March 2024 year

Chapeltown Community Nursery
Notes to the accounts continuedto the accounts continuedaccounts continuedcontinued
for theyearended 31 March 202431 March 2024March 2024
420
2023 990 1 ,386
990 1 ,806
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits ).
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were E34,905 (previous year: E21 , 181

16

Chapeltown Community Nursery

Statement of Financial Activities including comparatives for all funds

(including summary income and expenditure account) for the year ended 31 March 2024

Income 2024 2023 2024 2023 2024 2023
Grants and Unrestricted Unrestricted Restricted Restricted Total Total
donations Fee funds funds funds funds funds funds
income
Other earned income
Fundraising
Bank interest
157,920
74,002
114,790
68,684
21 ,588 5,222 179,508
74,002
120,012
68,684
Insurance claim 7,667 4,726 7,667 4,726
Donated assets 590 237 590 237
Total income
207 72 207 72
961 961
Expenditure
Salaries NI and pensions 1 ,ooo 1 ,ooo
Payroll charges 240,386 190,470 21 ,588 5,222 261 ,974
Agency staff 195,692
Staff costs
Staff training
Food and subsistence
173,094 117,320 (1,148) 22,493 171,946 139,813
Nursery resources 1,341 1,348 1 ,341 1 ,348
Nursery upkeep 11 ,660 19,508 10,067 21,727 19,508
Visits, outings and events 604 123 604 123
Advertising and publicity
Memberships
subscriptions
Advertising and publicity
and
1,717
7,799
619
5,544
240 488
1,361
1 ,957
7,799
1,107
6,905
Rates and insurance 5,311 2,478 1 ,266 745 6,577 3,223
Heat and light 1 ,036 1,131 1 ,036 1,131
Cleaning and waste
Security and fire protection
Repairs and maintenance
Office and other costs
1 ,833
2,687
225
316
I ,460
7,260 3,680 9,093
2,687
3,905
316
I ,460
Phone, internet and website 4,356 5,238 4,356 5,238
Independent examination
Bank charges
9,874 6,605 9,874 6,605
Depreciation 1 ,689 3,056 1 ,689 3,056
Total expenditure
Net jncome I
(expenditure)
(9,664)
1 ,885
~~9,815~~
3,816
270,000
232
~~5,562~~
3,826 (23,668) (5,838)
1 ,885
~~9,815~~
(19,852)
270,000
232
~~5,562~~
(9,664)
3,262
273,816
2,037
3,826
77
(23,668) (5,838)
3,339
250,148
2,037
324,309 50,493 1,491 25,159 325,800 75,652
314,645
~~1,797~~
324,309
~~2,035~~
5,317 1,491 319,962
~~1 ,797~~
325,800
~~2,035~~
990 1 ,364 990 1 ,364
60 56 17 60 56
9,240 10,520 9,240 10,520
250,050 186,654 17,762 28,890 267,812 215,544

Chapeltown Community Nursery

Gains/(losses) on revaluation of fixec Net movement in funds Fund balances brought forward Fund balances carried forward

18