2025-03-31-accounts - Chapeltown Community Nursery

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Chapeltown Community Nursery

Charity number 1011670

A company limited by guarantee number 02704190

Annual Report and Financial Statements

for the year ended 31 March 2025

Chapeltown Community Nursery

Annual Report and Financial Statements for the year ended 31 March 2025

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 12

Prepared by West Yorkshire Community Accountancy Service CIO

Chapeltown Community Nursery

Trustees' report for the year ended 31 March 2025

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 Dates

Position Dates Lawrence Molloy Chair Ruth Matthews Vice Chair Nikolai Berkoff Treasurer Resigned 27 November 2024 Amy Curtis Company Secretary Zoe Croot Appointed 2 May 2024 Elisa Neame Resigned 27 November 2024 Robin Lovelace

Appointed 2 May 2024 Resigned 27 November 2024 Appointed 30 October 2024

Charity number Company number

1011670 02704190

Registered in England and Wales Registered in England and Wales

Registered and principal address Bankers Reginald Street CAF Bank Ltd Scottish Widows Bank Chapeltown 25 Kings Hill Avenue Leeds Leeds Kings Hill LS1 9TY LS7 3HL West Malling Kent ME19 4JQ

Independent examiner

Simon Bostrom FCIE

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 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 £1.

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 AGM.

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2025

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 7:30am to 5:30pm, 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 secured additional funding to support those children who attend our setting with special educational needs, providing one-to-one support, making adaptations to our provision and ensuring that all children and their families have a safe and inclusive space to feel a part of.

We have continued to have successful relationships with other charities and organisations to open our nursery up out of hours and provide a space for them to lead their charitable activities. This in turn has allowed us to signpost our nursery families to additional support and extra-curricular groups, that they may have otherwise felt they could not engage with.

We continue to have apprenticeship positions within our organisation as well as supporting college students throughout their qualifications by providing placement opportunities and allowing them the chance to further develop their practical skills outside of the teaching classroom.

We have had another incredibly successful year in terms of our occupancy and capacity levels, operating close to capacity in nearly all of our nursery sessions. As a result, we have now been able to advertise new vacancies to join our team, with more staff being required to meet our increasing numbers of children.

Financial review

The net income for the year was £19,387, including net income of £8,013 on unrestricted funds and net income of £11,374 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.

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2025

Reserves policy continued

Goals

The minimum amount to be designated as Reserves to maintain ongoing operations is 3 months operating costs (currently £70,000) plus redundancy pay (currently £20,000). This level 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 £60,220.

Chapeltown Community Nursery

Trustees' report (continued) for the year ended 31 March 2025

Statement of trustees' 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 6/11/2025

Lawrence Molloy (Trustee)

Chapeltown Community Nursery

Independent examiner's report to the trustees of Chapeltown Community Nursery

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025, which are set out on pages 7 to 12.

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 charity's 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 £250,000 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.

Simon Bostrom FCIE

13/11/2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Chapeltown Community Nursery

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2025

Notes 2025 Unrestricted funds £ Income from: Grants and donations (2) 182,149 Fee income 87,639 Other earned income 7,583 Fundraising 485 Bank interest 267 Total income 278,123 Expenditure on: Salaries NI and pensions (3) 192,478 Payroll charges 2,022 Agency staff 5,393 Staff costs 165 Staff training and wellbeing 865 Food and subsistence 8,359 Nursery resources 10,707 Nursery upkeep 2,824 Visits, outings and events 1,054 Memberships and subscriptions 4,313 Rates and insurance 4,745 Heat and light 11,954 Cleaning and waste 4,622 Security and fire protection 1,777 Repairs and maintenance 5,423 Office and other costs 1,965 Phone, internet and website 2,113 Independent examination 990 Bank charges 60 Depreciation 8,281 Total expenditure 270,110 Net income / (expenditure) 8,013 Fund balances brought forward 314,645 Fund balances carried forward (4) 322,658	2025 Restricted funds £ 24,266 - - - - 24,266 2,222 - 6,177 - 778 - 2,800 - 180 - - - - - 648 87 - - - - 12,892 11,374 5,317 16,691	2025 Total funds £ 206,415 87,639 7,583 485 267 302,389 194,700 2,022 11,570 165 1,643 8,359 13,507 2,824 1,234 4,313 4,745 11,954 4,622 1,777 6,071 2,052 2,113 990 60 8,281 283,002 19,387 319,962 339,349	2024 Total funds £ 179,508 74,002 7,667 590 207 261,974 171,946 1,341 21,727 604 1,957 7,799 6,577 1,036 9,093 2,687 4,356 9,874 1,689 1,885 9,815 3,339 1,797 990 60 9,240 267,812 (5,838) 325,800 319,962

All incoming resources and resources expended derive from continuing activities.

Chapeltown Community Nursery

Balance sheet

as at 31 March 2025 2025 Unrestricted £ Fixed assets Tangible assets (5) 262,438 Total fixed assets 262,438 Current assets Debtors and prepayments (6) 5,422 Cash at bank and in hand (7) 55,788 Total current assets 61,210 Current liabilities: amounts falling due within one year Creditors and accruals (8) 990 Total current liabilities 990 Net current assets / (liabilities) 60,220 Net assets 322,658 Funds Unrestricted funds 322,658 Restricted funds - Total funds 322,658	2025 Restricted £ - - - 16,691 16,691 - - 16,691 16,691 - 16,691 16,691	2025 Total £ 262,438 262,438 5,422 72,479 77,901 990 990 76,911 339,349 322,658 16,691 339,349	2024 Total £ 270,719 270,719 8,424 41,809 50,233 990 990 49,243 319,962 314,645 5,317 319,962

For the year ending 31 March 2025 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 6/11/2025

Lawrence Molloy (Trustee)

Chapeltown Community Nursery

Notes to the accounts

for the year ended 31 March 2025

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 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 £1,000 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 Freehold buildings: over 50 years Equipment: 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.

Chapeltown Community Nursery

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations Leeds City Council Nursery Education Grant Deprivation uplift Milk subsidy SEND income Early years premium National Lottery Community Fund (NLCF) Local giving Seedlings Foundation 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2025 Unrestricted funds £ - 167,736 6,266 478 - 7,669 - - - 182,149	2025 Restricted funds £ - - - 24,266 - - - - 24,266	2025 Total funds £ 167,736 6,266 478 24,266 7,669 - - - 206,415 2025 £ 183,300 12,901 (5,000) 3,499 194,700	2024 Total funds £ 152,145 3,239 284 9,588 2,252 10,000 500 1,500 179,508 2024 £ 162,592 11,372 (5,000) 2,982 171,946

The average number of employees during the year was 11, being an average of 8.8 full time equivalent (2024: 9.3, 7.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ NLCF 2,489 George A Moore 1,332 Magic Little Grants 500 Seedlings Foundation 996 LCC SEND - 5,317	Incoming £ - - - - 24,266 24,266	Outgoing £ 2,489 1,332 500 996 7,575 12,892	2025 £ 3,499 Transfers £ - - - - - -	2024 £ 2,982 Balance c/f £ - - - - 16,691 16,691

Fund name

NLCF

George A Moore Magic Little Grants Seedlings Foundation

LCC SEND

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.

Towards staff well-being 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.

Chapeltown Community Nursery

Notes to the accounts continued

for the year ended 31 March 2025

5 6 7 8	Tangible assets Cost £ £ At 1 April 2024 - - Additions - - At 31 March 2025 - - Depreciation At 1 April 2024 - - Charge for year - - At 31 March 2025 - - Net book value At 31 March 2025 - - At 31 March 2024 - - Debtors and prepayments Debtors Prepayments Accrued income Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Accruals Freehold land Class 4	£ 270,000 - 270,000 10,800 5,400 16,200 253,800 259,200 Freehold property	£ 37,707 - 37,707 26,188 2,881 29,069 8,638 11,519 2025 £ 4,345 1,077 - 5,422 2025 £ 72,453 26 72,479 2025 £ 990 990 Equipment	Total £ 307,707 - 307,707 36,988 8,281 45,269 262,438 270,719 2024 £ 5,979 945 1,500 8,424 2024 £ 41,793 16 41,809 2024 £ 990 990

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 £35,209 (previous year: £34,905).

Chapeltown Community Nursery

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025

2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 182,149 157,920 Fee income 87,639 74,002 Other earned income 7,583 7,667 Fundraising 485 590 Bank interest 267 207 Total income 278,123 240,386 Expenditure Salaries NI and pensions 192,478 171,946 Payroll charges 2,022 1,341 Agency staff 5,393 12,808 Staff costs 165 604 Staff training and wellbeing 865 1,717 Food and subsistence 8,359 7,799 Nursery resources 10,707 5,311 Nursery upkeep 2,824 1,036 Visits, outings and events 1,054 1,833 Memberships and subscriptions 4,313 2,687 Rates and insurance 4,745 4,356 Heat and light 11,954 9,874 Cleaning and waste 4,622 1,689 Security and fire protection 1,777 1,885 Repairs and maintenance 5,423 9,815 Office and other costs 1,965 3,262 Phone, internet and website 2,113 1,797 Independent examination 990 990 Bank charges 60 60 Depreciation 8,281 9,240 Total expenditure 270,110 250,050 Net income / (expenditure) 8,013 (9,664) Fund balances brought forward 314,645 324,309 Fund balances carried forward 322,658 314,645	2025 Restricted funds £ 24,266 - - - - 24,266 2,222 - 6,177 - 778 - 2,800 - 180 - - - - - 648 87 - - - - 12,892 11,374 5,317 16,691	2024 Restricted funds £ 21,588 - - - - 21,588 - - 8,919 - 240 - 1,266 - 7,260 - - - - - - 77 - - - - 17,762 3,826 1,491 5,317	2025 Total funds £ 206,415 87,639 7,583 485 267 302,389 194,700 2,022 11,570 165 1,643 8,359 13,507 2,824 1,234 4,313 4,745 11,954 4,622 1,777 6,071 2,052 2,113 990 60 8,281 283,002 19,387 319,962 339,349	2024 Total funds £ 179,508 74,002 7,667 590 207 261,974 171,946 1,341 21,727 604 1,957 7,799 6,577 1,036 9,093 2,687 4,356 9,874 1,689 1,885 9,815 3,339 1,797 990 60 9,240 267,812 (5,838) 325,800 319,962