## 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**
1
## 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.
2
## 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.
3
## 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.
4
## 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)
5
## 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
6
## 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.
7
## 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)
8
## 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.
9
## 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.
10
## 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).
11
## 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|
|---|---|---|---|---|
12