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 - 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or - 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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
|ennnuenerenenaman nara| ||||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**,**8**00**
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