REGISTERED COMPANY NUMBER: 02581092 (England and Wales)
REGISTERED CHARITY NUMBER: 1015045
REPORT OF THE TRUSTEES AND
FINANCIAL ST ATEMENTS
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
FOR
HAWKS ROAD COMMUNITY NURSERY LTD
RMT Ribchesters
Accountants and Business Advisors
rinchale House
Belmont Business Park
Durham
DHI ITW

HAWKS ROAD COMMUNITY NURSERY LTD
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
Page
Report of the Trustees
Independent Examinerls Report
Statement of Finan¢ig1 Aetlvltles
Balanee Sheet
Cash Flow Statement
Notes to the Cash Flow Slatement
io
Notes to the Flnaneial Statements

HAWKS ROAD COMMUNITY NURSERY LTD
REPORT OF THE TRUSTEES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
The trustees who are also directors of the charity for the piirposes of the Companies Act 2006, present their report with
the flnancial stalenients of the charity for the period l April 2023 to 31 August 2024. The trustees have adopted the
provisions of Accounting and Reportllig by Charities: Statement of Recommended Practice applicable to charities
preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK aiid Republic of
Ireland (FRS 102) (effective l Janu<lry 2019).
OBJF.CTIVES AND ACTIVITIES
Objectives and aims
Hawks Koad Lommunity Nursery Limited operates a community nursery in East Gateshead known as "TIK-TOK" The
company was established in May 1991 gaining charitable statiis in 1992. A second Nursery at Hertfordshire House,
Pelaw was opened in June 2015 and closed in December 2021 following a strategic review of operations.
The objects of the charity - as set out in the Memorandum and Articles of Association of 8 February 1991 are to
provide facilities for the day care, recrealion and eduLation of children undcr the age of 5 whose parents or guardians
work in the mctropolitan area of Gateshead or elscwhere in the counties of Durham, I'yne and Wear and
Northumberltind.
The Charity Lontinues to fulfil its objeclivcs given that 'fiK-TOK provides high qu(Ility dffordable child¢are to the IoLal
community, supporting thosv parents who wish to eithcr return to work or continue with Iheir eduLiltion. Its aim is to
woi'k in partnersliip wilh par¢nts to promolc a slimu1411inb? aiid ex¢itingy environmcnl where children raii progres.8 at Éheir
own rale. 'fhc puipose built buildin&)s. lunded with substantial support frrom piiblic 8cctor sourLes, providc us with thc
opportlinity to rcali.sc these aspiration8. The Company's Memorandum provides for operating as has been described
above - it would need to be amcndcd if the Company sought to introduce significant diversity.
Publie benefit
The trustees havc complied with the duly in seLliun 17{5) of the 2011 Lharitiey Act to liave dlie regard to guidancc
published by the Charity Commission with rebiard to PLibliL bciictit statements. Public benefit is inhercnt in the objecls of
the Charity. The Trustees have paid due regy<ird to guidance issued by the Charity Coinmission in decidin&i what ilLtivitics
the company should undcrtakc.
Page I

HAWKS ROAD COMMUNITY NURSERY LTD
REPORT OF THE TRUSTEES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
STRATEGIC REPORT
Achievement and performance
Charitable activities
The trustees have complied with their duty in, Section 4 of the 2006 Charities Act and have due regard to guidance
published by the Charity Commission.
In summary.
We offer free nursery education for children aged 9 months - 2 years who now receive 15 hours of free childcare per
week, as required by CU￿ellt govenlmenl policy and strongly support Gateshead CounLil's Sure Start Policy.
We also provide up to 30 hours per week free nursery education foi 3-5 year olds. W¢ offer these hours flexibly in order
to support those parents wishing to return to work or higher ediiLation.
We use the funding streams available to us to improve the personal and professional development of all of our staff and
continue to impletnent a rigorou8 and tailored progriimmc of staff training.
Under the bFuidilnCC of OFSTED and the S¢lf F,valualion proLedurc our staff continue tu rcflcct on the service we offer to
ensure bcsi practiec. Our Spccial b,ducalional Needs Co-ordinalors conlinue to work closcly with Ihe Early Years
Inclusion and Child Development Tcams to improve outcomes for the children in our care who Tequire additional
5UPPOrt.
Thc most recent Ofsted inspection (June 2019) rc8ulted in an assessment ot Good"
This report covers the 17 month financial period l April 2023 - 31 August 2024.
Diiring that pcriod we continued our poliLy ol. upLTrrading and refurbishing the niirsery on d phased basis with expenditurc
on equipincnt for thc children being prioritised. We undertook a si8nifiLant rcfurbishmenl of the toilei faLilitie8 in
FL.brudry 2024 at sigiiificaiit cost. This has undoubtedly bccn a factor in our ability to attracl new childrcn despilc
competition from local nurseries.
Future levels of activity will dcpend on ihe usual factors: trends in birth rates locally. competition lor pre-school
children. and Ihe number8 of stiident parents altcnding th¢ locdl Lollege.
Wc will Lontinue to seek to employ well-qualificd, C<iring staff and will inlensify staff iraining as an essential part of our
plans for thc ￿ttIre. The inveslmcnt in well-motiV<ited statT can only hav¢ a posilive impact on th¢ l¢vcl of care and
education thal the nurserics provide and the manner in which it is delivercd.
Page 2

HAWKS ROAD COMMUNITY NURSERY LTD
REPORT OF THE TRUSTEES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
STRATEGIC REPORT
Financial review
Financial position
As above, this report covers a 17 month financial period lo 31 August 2024. Previoiisly (and iii tlie futiire) the cl)arity
prepared its annual report covering a 12 month pei'iod. In 2023124 direct comparisons with previous periods are
therefoi'e difficiilt. But bi'oadly.
Total incoming resoiii'ces in the 17 month period to 31 August 2024 amollllted to £849,468, of whicli £27,704
reprcscnted bank interest reccivable (£9,122 in the previoiis 12 monih period). That repi-¢seiits a total proportionate
increase versus the previoiis 12 month period of 6.50/0. Parent conlributions paid directly reprcsented 390/0 of charitable
activity income versus 610/0 local Governrnent contributions (2022123. 350/d650/0).
Whilst that overall increase in incoming resources of 6.5 % is pleasing, it has been more than offset by an increase in the
coslloverhead base.
F.xp¢nditurc on Lharital)Ic ilctivitics iii Ihe 17 monih pcriod totall¢d £843,962. 1.hat rcprcsents a proporlionalc iiicrcase
vci'su.s the pi.cvi011s 12 monih p¢riod ol- 15.80/0. 'I'hat was mainly driven by an incre(Ise in Ihc wages (and associalcd
employers nalioniil insui'ance (Ind workplace pension costs) of cliild carcrs iiol le41St as (t rcsult of miiiimum W1( gFe/living
wag¢ increascs. (yross wab7C8 of childcare providers increased by 11.8 %. In addition the charity inciiritd somewhat
LxLeplioiial Icvcls of rcpair c0515. pailicularly r¢lating lo Ihc rclurbishmcnl of the toilets in Fcbniary 2024 (£41,582). In
additioii, and iii line with ccoiioinic/co81 of livinu> incrcases L)cncr¢illy. tliei'c wcr¢ sigyiiificanl uplifts in tlic cosls of
in511f<ince, utilities, water elL. li should be rcincinbervd that of the lotal overhe(td amouiit in thc 17 month pcriod,
£52,158 rcprcscnled dcprccidlion in rcspect of tIIc Cqliipnicnl, fiirnishingjs and preniisc8, whiLh is a non Ciish c05t
{£39.370 in Ihe prcvious 12 nionth period).
Linhcmiore, non-overheiid support Losts - i'cpresenlingy the wagc.% and assoLiatcd cmpluyers Nl and workplace peiision
Lontribulion5 of onice staff - incrL¢ised Si&Tnificantly in Ihc period (total £63,697) by 14.40/u.
Aftcr deduLtingi the Losls of ihe Indepeiidcnl F.X¢imination of Ihc accoLintS, thc charily returiied an over<ill loss in Ihe 17
Inonth period of £60,7118 (previou8 12 month pcriod. loss of £2,327). Howcvcr, given thal ol- Ihdt105s £52,158 relalcd lu
non cash dcprccialion, Ihc cominei-cial reality of thc posilionlcash flow wa$ somewhat stron&)cr.
As a re8iilt of Ihe loss, lolal flinds of the charily rediiced from £1,499,080 at 31 March 2023 to £1,438,292 al 31 Augusl
2024. Mucli of thai reduLlion however relates to the fall in book valuc of the propcrty held oil long leasehold. Ciirrent
asscts - that is. thc value of cash <ind other liquid assets held itt 31 Augiist 2024 - Ics8 Clirrenl liabilities - that is, the valiic
of defcrred inLonic and othcr dcbts <lt tliat date - amoiintcd to £491,218, a fall of £10,372 broadly rcpresenling the cash
loss (ex¢luding depreciation in th¢ period).
Within ov¢rall tot(Il ￿ndS of £1.438,292, £888,278 repre,scntcd Unrestricted Funds and £550,014 related to tlie
Endowinent Fund.
The financial position of ihe charity at the balance sheet date is therefore healthy.
Principal fiindin% sources
The key fiindcrs of the opcrations iindcrtaken by ilie charity are central and local govemiMcnl under their childcare
iniliatives. The contribulioiis from these bodies are auginented by parental contributions, historically averaging around a
2..1 split.
Investment policy and objectives
Funds ihat are not immediately t-eqiiired are invested in Suitable deposits, attenipting to maximise ihe retuin, risk free.
Reserves policy
It conliniies to be the policy of the cliaritable company to maintain iinrestricted fiinds, which are oiir free reserves, at a
level suffIcient to cover fluctuations in income based on pi'ojectioii relating to child niimbers on a term by terni basis.
The amount of such reserves al 31 st March 2024 is £888,278 as above. Of that, net currentlliquid assets amounted to
£491,218.
Page 3

HAWKS ROAD COMMUNITY NURSERY LTD
REPORT OF THE TRUSTEES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
STRATEGIC REPORT
Financial review
Going concern
Given the level of net assets held at 31 Augusi 2024, the trustees consider the charity to be a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Hawks Road Community Nursery Limited is a company limited by guarantee, and a registcred Lharity. It operates linder
the name of TIK - TOK and is governed by ils Memorandum and Articles of Association. The Memorandum established
the objectives ofihe charitable comp<tny. Those objecls - as set out in the Mcmorandum and Articles of Association of 8
February 1991- are to provide facilities for the day care, recreation and education ol childrcn under the age of 5 whose
parents or guardians work in the metropolilan area of Gateshead or elsewhere in ihe Counties of Durham, Tyne and Wear
and Northumberland.
Charity No. 1015045. Comp<iny Rcgistration No. 02581092
Organi8ational structure
'he day tv day man¢igement of the nursery is delegated to a fiilly qiialified Managcr, Ms K Harker , who is supported by
four assistant managiers and nursery .staff workingy boih full and part timc fitting in with home commitments (family
friendly policies). All other deLisions are made by agreemcnt of the Tru5tee5 at management commitlce mcctin¥s.
In-house financial systcm5 arc in placc and arc supervi.8ed by a qiialified member of staff.
'riK-TOK is registered with Gateshead Social Serviccs working closely to the local authority Guidclines.
The nursery is in5pectcd on a regular basis by OTr'STED.
Thc regislercd officc of the charity is
Tliv HuulLVdl'd
14olme5 Drive
(iateshead
NCIO ODJ
Induction and trllining of new trustee
lliwks Road Comtnunity Nurscry l.imited adhcres to guidelines issued by the Charity Commissiun for the induction and
training of Trustees.
'rrustees arc elected by the membership at the Annual General Meeting.
All new tru8tces are given an induclion pack detailing the Lharity's constitution, strategic plans, recent annual report and
accounts dnd ihe Charity Commi55ion leaflet - cc3 (a).
Details of the IrLlStees (whu arc also the directors for ihe purposc of company l¢lW) who served during the year and up to
the date of signature of the financial statements are set out above.
Risk management
The trustees have a duty to identify and review the risks to which the charitycharity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
The Trustees are aware of their responsibilities under CiliTent Charity legislation, and the need for a robust and creditable
risks policy.
Intemal risks are minimised by the implementation of procedures for authorisation of all transactions and projects.
Systems have been established lo ensure that risks are r¢viewed on a regular basis and findings reported to the Board.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
025S1092 (England and Wales)
Page 4

HAWKS ROAD COMMUNITY NURSERY LTD
REPORT OF THE TRUSTEES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
Registered Charity number
1015045
Registered 0￿]ce
TikTok Nursery
The Boulevard
Holmes Drive
Gateshead
Tyne and Wear
NEIOODJ
Trustees
F I Milburn
A C Miller
R Richardson
P J Maughan (resibncd 181612024)
M Nurse (resigned 181612024)
Independent Examlner
RMT Ribchesters
AccouT]tants and Dusiness Advisors
Finchale House
BelmoT]t Business Park
Durham
DHI ITW
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company
directors, on I l Dccember 2024 and signed on the board's behalf by:
A C Miller- Trustee
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HAWKS ROAD COMMUNITY NURSERY LTD
Independent examiner's report to the trustees of Hawks Road Community Nursery Ltd ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the period l April 2023 to
31 Aiigust 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for
the preparation of tlie accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the 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 2011 ('the 201 l Act,). In carying out my examination I have followed the
Directions given by the Charity Commission under Seclion 145(5) (b) of the 201 l Act.
Independent examiner's stalcment
Since your Charity's gross income exceeded £250.000 your examiner must be a member of a lisied body. I can confirm
thai l am qualified to undertake the examinalion because l am a member of th¢ Institute of chartered ALcounlants in
England and Wales, which is one of thc list¢d bodies.
I have complcted my examination. I conffftn that no matters havc corne to my attention in connection with the
examination givinby me cause to bclieve:
accounling records were not kcpt in respeLt of the Company as rcquired by Seclion 386 of thc 2006 Act. or
the acLounts do not iiccord with those rccords. or
tlie ¢iccounts do not comply with thc aLcounling rcquiremcnls of Scctioii 396 of thc 2006 Act otlier than any
reqiiirement thal the accounts give a true and fair view whilh is not il maller considered as part of (in independent
cxaminalion; or
tlie aLcoiints have not been prepdrcd in accordancc with thc rnelhods and principles of the Slalemenl of
ReLominendcd l)ractice for accounlinbi (ind reportingy by charities (applic¢ible to Lharilie5 prcparing their accoiints
in aLLordance with thc Financial Reporting Standard applicable in Ihc IJK and Republic of Ircland (fRS 102)).
I liave iio concerns and havc conic llcross no other matters in connection with the examinittion to which &itte.nlion shoiild
be drawn in this report in order to cnable a proper iinderslanding of the aLcounts tu bc reiiched.
Robert Ribchester, FCA MA
The Institute of Chartered Accountants in England and Wales
RMT Ribchesters
Accountants and Busincss Advisors
FinLhalc I louse
Belmunl Busincss Park
Diirham
DHI ITW
21 January 2025
Page 6

HAWKS ROAD COMMUNITY NURSERY LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
Period
1.4.23
to
31.8.24
Total
funds
Year Ended
31.3.23
Total
funds
Unrestricted
fund
Endowmenl
fund
Notes
INCOME AND F.NDOWMENTS FROM
Charitable aetivilies
Charitable activities
821,764
821,764
544,412
Investment income
27,704
27,704
9,122
Total
849,468
849.468
553,534
EXPENDITURE ON
Churitable activities
Charitable aLtivitie5
863,836
46,420
91U,256
555,861
NET INCOMEI(EXPENDJTURE)
(14,368)
(46,420)
(60,788)
(2,327)
RECOIYCALAATIC)N OF FUNI)S
Total ￿ndS brouglit lorward
902,646
596,434
1.499,080
1.501,407
TOTAL FUIYDS CARRIED FORWARD
888,278
550,014
1,438,292
1,499,080
The notes fonn part of these financial statements
Page 7

HAWKS ROAD COMMUNITY NURSERY LTD
BALANCE SHEET
31 AUGUST 2024
2024
Total
lunds
2023
Total
funds
Unrestricted
fund
F.ndowment
fund
Notes
FIXED ASSETS
Tdngible assets
10
397,060
550,014
947,074
997,490
CURRENT A.SSET&i
Debtor%
Cash at bank and in hand
16,920
612,610
l6,920
612,610
10,778
531,417
629.530
629,530
542,195
CRF,DITORS
Amounts falling due within one ye<ir
12
(138,312)
(138,312)
{40,605)
NF.T CURRF.NT ASSiETS
491,218
491,218
501.590
TOTAL ASSETS LESS CURHEIYT
LIAIIILITIE
888,278
550,014
1,438,292
1,499,080
NET A4iSF.TS
8118,278
550,014
1,438,292
1,491),0110
FUNDS
Unrcstricted funds
Eiidowinent fiind8
13
1188,278
550,014
902,646
$96,434
TOTAL FUNDS
1,438,292
1,499,080
The Lharitable company is entitlcd to cxemption from audit under %eLtion 477 of thc Companies Act 2006 for the period
endcd 31 August 2024.
'I'hc members have not rcquired the company to obtain an audit of its financial stat#mcnts for thc period ended
31 AugLlSt 2024 in accordanLe with Section 476 ofthe Companies ALt 2006.
Tlie trustees ackJ)owledgc their responsibilities for
(a)
ensuring that the charitable comp<iny keeps accountingy records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial 8t<1tements which gyive a Irue and fair vicw of the stalc of aIYairs of the ch(Iritable comp<iny as
at the end of each financial year and of its surpliis or deficii for each financial yedr in accordaiice with thc
requirements of Sections 394 and 395 <ind which Othe￿ISe comply wilh the requirements of the Companies Act
2006 1'el(Iting to fLnancial statements, so far as applicable to the charitable company.
(b)
The financial statement5 were approved by the Board of Trustees and authorised for issue on I l December 2024 and
were signed on its behalf by:
A C Millei'_ Trnstee
The notes form part of these financial statements
Page 8

HA WKS ROAD COMMUNITY NURSERY LTD
CASH FLOW STATEMEIYT
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
Period
1.4.23
to
31.8.24
Year Ended
31.3.23
Notes
Cash flows from operating activities
Cash generated from operations
101,651
83,735
Net cash provided by operating activities
101,651
83,735
Cash flows from investing activities
Purchase ol'tangible fixed assets
Int¢r¢st received
(1,742)
27,704
(44.321)
9,122
Net cash provided byl(used in) investing aclivities
25,962
(35,199)
Cash flows from financlng aetlvitits
Expenditure attribulablc lo cndowment
(46,420)
{39,370)
Net cash used in financing activitie5
(46,420)
(39,370)
Change in cash cash equlvalent4 in
thc reporting period
Cash and cash equivalents at the
beginning Df the reporting period
81,193
9,166
531,417
522,251
Cxsh and cash equivalcnls al the end uf
the reporting period
612,610
531,417
The notes form part of these financial stateineiits
Page 9

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE CASH FLOW STATEMENT
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
RECOINCILIATION OF NET EXPFIYDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Period
1.4.23
to
31.8.24
Year Ended
31.3.23
Net expenditure for the reporting period (as per the Statement of
Financial Aetivities)
Adjuslments for:
Depreciation charges
Interest rcceived
Expendi￿re attributable to endowment
(Increase)/decrease in debturs
Incre<ise in creditors
(60,788)
(2,327)
52.158
(27,704)
46,420
(6,142)
97,707
39,370
{9,122)
39,370
1,861
14,583
Lyet cash provided by operations
101,651
83,735
ANALY.¢*l¢i OF CHAN(:ES IN NET FUNDS
At 1.4.23
C¢ish flow
At 31.8.24
Net cash
Cash dt bank and in hand
531,417
612,()10
531,417
81,193
612,610
Total
531,417
81,193
612,610
The notes fom] part of these financial stateinents
Page 10

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES
Basis of preparing the flnancial statements
The financial statements of the charitable conipaiiy, wliich is a public benefit entity linder FRS 102, have been
pi'epared iii accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities prepariiig theii. accoiints in accordance wllh the Financial
Reporting Staiidard applicable in the UK and Republic of Ircland (FRS 102) (cffective l January 2019),,
Financial Reporting Standard 102 'Tlie Financial Repoiling Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
Income
All incomc is recognised in the Slalemenl of b iiiancial Activities once the cliarity has ¢ntitl¢m¢nt to the ￿nds, it
is prob(ible that the income will be received and the amount can be measured reliably.
Cash donations are recognised on receipt. Other donations aro rccognised once Ihe Charily has bccn
nolified ot'the donation, unlcss perfonn(InLe Londitions rcquirc dcfci'ral of the ainount. Income lax
reLvver(Ible in relation to donations received uiider Gift Aid or dccds of covcnant is rccogni8cd ai ihc time
of the donation.
Legacies arc rccogniscd on rcceipt or other¥vi5e if the Cliarily ha.4 been notified of an irnpending
disti'ibLltioiTr, Ilie amoiint is known, aiid rcccipt is expected. 11-tlic ainounl is nol kiiown, thc legacy is tredted
as a conlinL)cnl asscl.
Expcnditure
I,iabilities are recoLiniscd as cxpcndilurc a8 soon ds there is a le&7al or con5tniclivc ol)lig)alion cominiltingy Ihc
cliarity to thtil expenditiire. it i.s probablc tliat a Iransfer of economic benefits will be rcquircd in 8clllcmenl (Ind
the amouiil of thc oblig?alion can bc measured reli(ibly. Expcnditurc is accounlcd lor oii an acLriials btisis and has
been Llassified under hcadin&8 Ilial a￿regate all Lost relatcd lo thc catcgory. Whcrc costs cannot be dircctly
attribulcd lo particular heddingy5 they have bcen allocated to activities on a bayis Lonsistent with the u8e of
resourcc8.
Tangible fixed asset8
Dcprccialion is provided at the fol lowinLF annual ratcs in order to write off each asset over its estimatcd useful
life.
Long leasehold
Plant and mÉi¢hinery
iorJ/o on rosl and 20/0 on cost
20 % on cost and l 00/0 on Lost
Taxatlon
'I'he charity is Qxcinpt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in acrordan¢e with the charitable objectives at the discretion of the trustees.
Restricted fiinds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise wlien specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is incliided in the notes to the fiiiancial statemeiits.
Hire purcbase and leasing commitments
Rentals paid undei. operating leases are ¢hai'ged to the Statement of Financial Activities on a sti-aight line basis
over tlie period of the lease.
Pension costs aiid other post-retirement benefits
The charilable cornpany operates a defined conlribiition pelision scheme. Contribution5 payable to the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 11
continued...

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES - continued
Going concern
At the time of Éipproving the finaiicial statement5, th¢ have a reasonable expect¢itiun that the Charity has
adequate resources to continlie in operational existeiice foi. the loreseeable future. Thus the continue to
adopt the going concern basis ofaccounting in pr¢paring the finanLial statcmcnts.
Charitable funds
Unrestricted funds are available for use al Ihc discretion of the in furtheriince of ihcir charitable objectives.
Re8triclcd fiinds are subject to spccific condilions by donors as to h(Jw they may be used. The purposcs and
uses of the restrictcd funds are set out in the noÉcs lo the financial statements.
Endolvment lunds are Slibject to 5peLific conditions by donors that the Lapilal must be maintained by the
Charily.
Impairment of fixcd assets
At each reporting end d(ttc, Ihc Charity reviews ihe carrying ainounls of its tangiblc assets tu determine
whcther th¢r¢ 1.% any indicdlion that ihos¢ as8el8 have siiffered an impairni¢nt luss. Ir any such indicalion
cxists, the recoverable amount L)f the a88ct is estimated in ordcr to delenninc tlic cxtent of the impairnient
loss (if any).
Cfish and cash equivalents
asli and L<ish CqLIiV(Ilents include Ldsh in hand, deposits held al call with biinks, oihcr short-term liquid
invc8tmcnts witli origFjiial malurilics of thre¢ months or less, lind bank ovcrdrafts. Bank ovcrdrafts (irc
shown within borrowings in current li¢ibilitics.
'ingncial instruments
The Charity has eleLled io apply the provi8ioiis of Section I I 'Ba.sic F'inancial Inslrumenls, and Scclion 12
'Other financial Instruments Issucs, or rKS 102 10 all nf its financial instrLimcnts.
Financial instrum¢nl8 arc recogiiised in the Charity's balance sheet when Ihc Charity becomes party to ihc
contra¢tuul pi'ovisions of ihc instrument.
rinanlial iisscis and liiibililics are offset, wilh thc nel (ImounLq prcscnted in the finaiicial statemenl.s, when
therv is a Icg)ally entorccable right to scl off the re¢ogni.scd amounts (Ind thcrc is an int¢iilion lo scltle on a
iiel basis or lo realise tlic asset and settle Ihc liability siiniillancously.
Basic financial a55ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaLtion price including) trans(l¢tiL)n costs and are subsequcntly carried at amortised cost using the
cffcctive interest methL)d unle.ss the arrangement constitules a linancing transaction, where the triinsaclion
is me<isur¢d at the present valiie of the fulure receipts discouiited at a market ralc of interest. Financial
a8SCts classified as reL¢ivablc within one yeai. are not amorliscd.
Hasic financial liabilities
Basic financi(Il liabilities, including? creditors and bank loans are initially recogFnised al Iraiisaclion price
un1¢55 Lhe arrangement constitiites a Iinancing transaction, where the debt instriiment is measured at the
present value of ihc fiiture payments diSLOLbnted at a niarket rate of interest. Fin(iiiiial liabililics classified as
pay¢iblc within one ye￿. are not amortised.
Debi instriiments are siibsequently cai-ried at amorlised cost, using the errcclivc interest rate Method.
Trade creditors are obligation5 lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-ciirrent liabilities. Trade crcditors are recognised initially al
transaction price and subsequently measured at amortised cost using the efteclive interest method.
Page 12
continued...

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD J APRIL 2023 TO 31 AUGUST 2024
ACCOUNTING POLICIES - continued
Derecognition of financial liabilities
Financial liabilities are derecognised when ihe Charity's contractual obligations expire or are dischai'ged or
cancelled.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Terniination benefits are recognised immediately as an expense when the Charity is demonstrably
committed to tenninate the cmployment of an employee or to provide terniination bcnefits.
INVESTMENT INCOME
Period
1,4.23
Yeai. Ended
31.3.23
31,8.24
Deposit account interest
27,704
1),122
INCOMF, FROM CHARITABLE ACTIVITIES
Pcriod
1.4.23
to
31.8.24
Y¢<ll' LiidLd
31.3.23
ALIivity
Charitablc activities
Charitable aLtivities
Charitable activities
Nurscry fee5
Sundry inLome
QTraiits
325,750
191,682
6,301
346,429
496,014
821,764
544,412
CJranls received, includcd in the abovc, are as follows:
Period
.4.23
to
31.8.24
Year Ended
31.3.23
Gateshead Council
496,014
34().429
Page 13
Continued...

HA WKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
CHARITABLE ACTIVITIES COSTS
Support
costs - see
note 5
Staff
Costs
Direct
Costs
Totals
Charitable aLtivitics
599,654
244,308
66,294 910,256
.SUPPORT COSTS
Staff Governance
costs
Tolals
Support costs
63,697
2,597
66,294
NET INCOMF,I(EXPF.NDITURF,)
Nel incom¢l(cxpcnditure) is stated aflcr chargingl(crediting):
Period
1.4.23
to
31.8.24
Year Ended
31.3.23
Dcprecialion - owncd assets
Otlicr operalin&T leases
Independent ex<imination Losts
52,158
39,370
230
2,208
2,597
TRUSTF,F.4i' REMUNERATION AND BENEFITS
Thcrc were no trustees, rcmuneration or other benefits for Ihe period ¢ndcd 31 Augyust 2024 iior for th¢ year
ended 31 March 2023.
Tru5tees' expenses
There were no trustees, expenses paid for the period ended 31 August 2024 nor for the year ended
31 March 2023.
STAFF COSTS
Period
1.4.23
to
31.8.24
Yeai. Liided
31.3.23
Wagies and salaries
Social seciirity costs
Other pension costs
621,301
27,802
14,248
391,309
17,198
8,289
663.351
416,796
Page 14
continued...

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
STAFF COSTS - continued
The average monthly number of employees during the period was as follows..
P¥l'l()d
1.4.23
to
31.8.24
Year Ended
31.3.23
Core staff
Nursery staff
23
24
25
26
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestriclcd
rund
Endowment
fund
Total
fijnds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitablc activities
544,412
544,412
Invc8tmenl IrLLorne
9,122
9,122
Totsl
553,534
553,534
EXPEIYDITURF. ON
Charit&ble llctivitie
Charilable aLtivities
516,491
39,370
555,861
NET INCOMEI(EXPENDITURE)
37,043
(39,370)
(2,327)
RECONCILIATION OF FUNDS
Total ￿ndS brought forward
865,603
635,804
1,501,407
TOTAL FUNDS CARRIED FORWARD
902,646
596,434
1,499,080
Page 15
continued..,

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
io.
TANGIBLE FIXED ASSETS
Long
leasehold
Plant and
machinery
Totals
COST
At l April 2023
Additions
1,682,315
56,667
1,742
1,738,982
1,742
At 31 August 2024
1,682,315
58,409
1,740,724
DEPRECIATION
At l April 2023
Charge for year
698.343
47,666
43,149
4.492
741,492
52,158
At 31 August 2024
746,009
47,641
793,650
NET BOOK VALUF.
At 31 August 2024
936,306
111,768
947,074
At 31 March 2023
983,972
13.518
)97,491)
DF.BTORS: AMOUNT¢) FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtor
Prepayments
4,131
6,647
16,920
16,920
10,778
12.
CREDITORS: AM()UIYTS FALLINC I)UF. WITHIN ()NE YF.AR
2024
2023
Tradc creditors
Social scciirity and olhcr taxes
Pensions
Otlier crcditors
Defcrred inlome
A¢crucd expenses
3,662
5,504
2,461
4,4511
17,894
4,333
2,783
3,480
1,474
2,474
27,606
2,788
138,312
40,605
13.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.8.24
At 1.4.23
Unrestricted funds
General fund
902,646
(14,368)
888,278
Endoivment funds
Endolvment ￿lld
596,434
(46,420)
550,014
TOTAL FUNDS
1,499,080
(60,788)
1,438,292
Page 16
continiied...

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
13.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above ar¢ as follows:
Incoming
rc.%ources
Rcsources
expended
Moveinent
in funds
Unreslricted lunds
General ￿nd
849.468
(863,836}
(14,-368)
Endowment funds
,ndowTnent fund
(46,420)
(46,420}
TOTAL FUNDS
849.4C)8
(()111,256)
(60,788)
Comparative8 for movement in funds
Nct
moveinent
in funds
At
31.3.23
At 1.4.22
unrestrict￿ funds
QTencral fund
865,603
37,043
902,646
F.ndowmeDt funds
Endowment fund
635,804
(39,370)
596,434
TOTAL FUNDS
1,501,407
(2,327)
1,499,080
omparative net movement in fiinds, includcd in the above are as follows:
Incoming
resoiii'ces
Rcsources
expcndcd
Movemcnt
An funds
Unrestricted funds
General tund
553,534
(516,491)
37,043
Endowmcnl funds
Endowment fund
(39,370)
(39,370)
TOTAL FUNDS
553,534
(55.5,861)
(2,327)
F,ndowment funds represent assets which must be held perniancnlly by the chÉirit¢ible company. Income arising
on the endowment funds can be used in accordance with the objeLts of the charitable company and is includcd as
unrcstricted inLome. Any capital giains arising on the assets form part of ihc fund.
Page 17
continued.

HAWKS ROAD COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE PERIOD I APRIL 2023 TO 31 AUGUST 2024
14.
RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 August 2024.
Page 18