## Early Years @ Lightcliffe
## Charity number 1037861
Annual Report and Financial Statements for the year ended 31 August 2024
## Early Years @ Lightcliffe
Annual Report and Financial Statements for the year ended 31 August 2024
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 12|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Early Years @ Lightcliffe
## Trustees' report for the year ended 31 August 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 Dates**
**Position Dates** Katy Taylor Chair resigned 27 November 2023 Emma Szyczak Secretary Sarah Hey Treasurer Carly Durrans Kimberley Szyczak Samantha Pearson appointed 27 November 2023
**Charity number** 1037861 **Registered and principal address Bankers** Christ Church Centre Lightcliffe Unity Trust Bank Leeds Road Nine Brindley Place Lightcliffe Birmingham Halifax B1 2HB HX3 8NU
Registered in England and Wales
## **Independent examiner**
Katy Sargeant ACA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is governed by a constitution adopted on 27 October 1993, amended on 2 April 2007 and 18 January 2012.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed by the members at the AGM.
2
## Early Years @ Lightcliffe Trustees' report (continued) for the year ended 31 August 2024
## **Objectives and activities**
## **The charity's objects**
To enhance the development and education of children primarily under statutory age by encouraging parents to understand and provide for the needs of their children through community groups and by:
a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
c) instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
## **The charity's main activities**
To provide for children aged 2 to 5 pre-school education and an after school club.
## **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 raising the standard of education for local children.
## **Achievements and performance**
We have continued to expand and now have a 4-place baby room. In doing this we promoted one of our current staff members and recruited another new member of staff. We have continued to expand our wraparound care to meet community demand, and in doing so needed to recruit new staff. We are running a successful toddler group that is open to the community. We have held both a Summer and Christmas fair as fundraising activities and an opportunity to showcase the setting. As a setting we received Dingley's mark of achievement, showing that we are an inclusive setting. We have also continued with improvements to the building and have renovated the boys and disabled toilets.
## **Financial review**
The net income for the year was £43,410, including net income of £41,921 on unrestricted funds and net income of £1,489 on restricted funds.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £143,180.
The financial security of Early Years@Lightcliffe is important, therefore money will be kept in reserve for unforeseen circumstances. We aim to maintain a level of reserves to assist us if income falls below expected levels or to assist our recovery should we encounter a business disaster.
We need reserves in order to:
- Meet redundancy liabilities should the pre-school have to close.
- Ensure there are sufficient cash reserves in the current account to cover day to day running costs for a period of one month, with an aim to increase this to three months.
- Ensure continuity of service provision by:
- Meeting unexpected costs such as cover for illness or maternity leave, etc.
- Covering running costs during periods of lower income (e.g. while adjusting to policy changes or following falls in fundraising).
- Replace equipment as it wears out and carry out necessary building upgrades/maintenance.
3
## Early Years @ Lightcliffe
## Trustees' report (continued) for the year ended 31 August 2024
## **Reserves policy continued**
Based on the above we have calculated that our reserves should be between £60,000 and £124,000. The trustees recognised the reserves at year end exceeded the upper range stated in the policy due to building up funds to allow building works/renovations to increase number of baby room places and to improve provision.
This policy is reviewed on an annual basis.
Approved by the board of trustees on 4/6/2025
Sarah Hey (Trustee)
4
## Early Years @ Lightcliffe
## Independent examiner's report to the trustees of Early Years @ Lightcliffe
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024, which are set out on pages 6 to 12.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the charity'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 ICAEW 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 charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
## Cor[Wogut]
Katy Sargeant ACA
9/6/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Early Years @ Lightcliffe
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 August 2024
|Notes
2024
Unrestricted
funds
£
**Income from:**
Grants
(2)
-
Fees
250,662
Fundraising
2,498
Room hire
9,490
Bank interest
1,162
Other income
830
**Total income**
264,642
**Expenditure on:**
Salaries NI and pensions
(3)
198,367
Casual staff
-
Educational materials, activities and trips
-
Food
8,973
Stationery and administration fees
-
Telephone
-
Independent examination
-
Training
-
Uniforms
-
Advertising and recruitment costs
-
Repairs and maintenance
-
Fundraising expenses
246
Bank charges
-
Computer consumables
-
Toddler expenses
-
Cleaning
-
Equipment
-
Membership and subscriptions
-
Insurance
-
Mortgage interest repayments
-
Utilities
-
Depreciation
12,618
Staff gifts
511
Bad debts
2,006
Legal and professional fees
-
**Total expenditure**
222,721
**Net income / (expenditure)**
41,921
**Fund balances brought forward**
273,908
**Fund balances carried forward**
(4)
315,829|2024
Restricted
funds
£
185,704
-
-
-
-
-
185,704
117,059
108
5,993
-
3,455
1,162
1,134
584
1,686
-
6,391
-
396
262
26
1,134
1,189
3,527
3,301
23,754
10,654
-
-
-
2,400
184,215
1,489
-
1,489|2024
Total
funds
£
185,704
250,662
2,498
9,490
1,162
830
450,346
315,426
108
5,993
8,973
3,455
1,162
1,134
584
1,686
-
6,391
246
396
262
26
1,134
1,189
3,527
3,301
23,754
10,654
12,618
511
2,006
2,400
406,936
43,410
273,908
317,318|2023
Total
funds
£
146,251
192,215
3,115
9,160
626
60
351,427
200,316
-
2,374
7,114
917
1,036
1,134
1,212
1,921
270
9,877
796
374
270
69
4,037
318
2,937
2,928
20,377
10,182
9,256
546
-
-
278,261
73,166
200,742
273,908|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Early Years @ Lightcliffe
## Balance sheet
|as at 31 August 2024
2024
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
411,785
**Total fixed assets**
411,785
**Current assets**
Debtors and prepayments
(6)
11,215
Cash at bank and in hand
(7)
211,373
**Total current assets**
222,588
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
79,408
**Total current liabilities**
79,408
**Net current assets / (liabilities)**
143,180
**Total assets less current liabilities**
554,965
**Creditors: amounts falling due after one year**
(9)
239,136
**Net assets**
315,829
**Funds**
Unrestricted funds
315,829
Restricted funds
-
**Total funds**
315,829|2024
Restricted
£
-
-
-
1,489
1,489
-
-
1,489
1,489
-
1,489
-
1,489
1,489|2024
Total
£
411,785
411,785
11,215
212,862
224,077
79,408
79,408
144,669
556,454
239,136
317,318
315,829
1,489
317,318|2023
Total
£
396,244
396,244
9,645
133,124
142,769
18,439
18,439
124,330
520,574
246,666
273,908
273,908
-
273,908|
|---|---|---|---|
The financial statements were approved by the board of trustees on 4/6/2025
Sarah Hey (Trustee)
7
Early Years @ Lightcliffe
Notes to the accounts
## for the year ended 31 August 2024
## **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 straight line basis over their expected useful economic lives as follows:
Freehold land: nil Freehold buildings: over 50 years Furniture and Fittings: over 4 years
## **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.
8
## Early Years @ Lightcliffe
## Notes to the accounts continued
## for the year ended 31 August 2024
|**2 Grants and donations**
Calderdale Met. Borough Council (CMBC)
Best Practice Network
Department for Education (DfE)
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2024
Unrestricted
funds
£
-
-
-
-|2024
Restricted
funds
£
178,871
5,833
1,000
185,704|2024
Total
funds
£
178,871
5,833
1,000
185,704
2024
£
295,694
19,469
(5,000)
5,263
315,426|2023
Total
funds
£
146,251
-
-
146,251
2023
£
192,454
10,899
(6,246)
3,209
200,316|
|---|---|---|---|---|
The average number of employees during the year was 14.9, being an average of 12.5 full time equivalent (2023: 13.2, 9.3 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**
Costs of the scheme to the charity for the year
Amount of any contributions outstanding at the year end
**4 Restricted funds**
Balance b/f
Incoming
£
£
CMBC - Early Education Funding
-
161,467
CMBC - Inclusion Funding
-
17,404
Best Practice Network - EIYTT
-
5,833
DfE - Apprenticeship
-
1,000
-
185,704|Outgoing
£
161,467
17,404
4,344
1,000
184,215|2024
£
5,263
1,038
Transfers
£
-
-
-
-
-|2023
£
3,209
-
Balance c/f
£
-
-
1,489
-
1,489|
|---|---|---|---|
## **Purpose of restriction**
## **Fund name**
CMBC - Early Education Funding For the supply of free early years provision for 2 to 4 year olds. CMBC - Inclusion Funding To support early years providers in meeting the needs of individual children
To support early years providers in meeting the needs of individual children with Special Educational Needs.
Best Practice Network - EIYTT To support for trainees enrolled on the Early Years Initial Teacher Training programme. DfE - Apprenticeship Towards costs of apprenticeships.
9
## Early Years @ Lightcliffe
## Notes to the accounts continued
## for the year ended 31 August 2024
|**5 **
**6 **
**7 **
**8 **
**9 **|**Tangible assets**
**Cost**
£
£
At 1 September 2023
19,618
5,176
Additions
24,521
3,638
At 31 August 2024
44,139
8,814
**Depreciation**
At 1 September 2023
1,962
2,588
Charge for year
4,414
2,204
At 31 August 2024
6,376
4,792
**Net book value**
At 31 August 2024
37,763
4,022
At 31 August 2023
17,656
2,588
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Bank loans and overdrafts
Accruals
Grant funding in advance
Taxation and social security
Other creditors
**Creditors: amounts falling due after one year**
Bank loans
Fixtures
and Fittings
Building
Improveme|£
300,000
-
300,000
24,000
6,000
30,000
270,000
276,000
Freehold
Buildings|£
100,000
-
100,000
-
-
-
100,000
100,000
2024
£
8,089
3,126
11,215
2024
£
212,862
-
212,862
2024
£
16,796
1,134
56,400
4,040
1,038
79,408
2024
£
239,136
239,136
Freehold
Land|Total
£
424,794
28,159
452,953
28,550
12,618
41,168
411,785
396,244
2023
£
6,596
3,049
9,645
2023
£
133,112
12
133,124
2023
£
16,193
1,134
-
1,112
-
18,439
2023
£
246,666
246,666|
|---|---|---|---|---|
10
Notes to the accounts continued
## Early Years @ Lightcliffe
## for the year ended 31 August 2024
## **10 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
|**Name of trustee or related party**
**Legal authority**
Sam Pearson
Governing document
Carly Durrans
Governing document|2024
£
47,323
2,512
49,835|2023
£
-
2,144
2,144|
|---|---|---|
## **Reason for remuneration**
Carly is a parent member trustee and is paid for bookkeeping work.
Sam is employed as the pre-school manager, she was apointed as an affiliate member trustee in November 2023.
No other trustee received any other 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 £49,835 (previous year: £44,994).
11
## Early Years @ Lightcliffe
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 August 2024
|2024
2023
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants
-
-
Fees
250,662
192,215
Fundraising
2,498
3,115
Room hire
9,490
9,160
Bank interest
1,162
626
Other income
830
60
**Total income**
264,642
205,176
**Expenditure**
Salaries NI and pensions
198,367
107,062
Casual staff
-
-
Educational materials and activities
-
310
Food
8,973
7,114
Stationery and administration fees
-
-
Telephone
-
165
Independent examination
-
-
Training
-
-
Uniforms
-
-
Advertising and recruitment costs
-
-
Repairs and maintenance
-
-
Fundraising expenses
246
796
Bank charges
-
-
Computer consumables
-
-
Toddler expenses
-
-
Cleaning
-
-
Equipment
-
-
Membership and subscriptions
-
-
Insurance
-
-
Mortgage interest repayments
-
12,022
Utilities
-
-
Depreciation
12,618
3,995
Staff gifts
511
546
Bad debts
2,006
-
**Total expenditure**
222,721
132,010
**Net income / (expenditure)**
41,921
73,166
**Fund balances brought forward**
273,908
200,742
**Fund balances carried forward**
315,829
273,908|2024
Restricted
funds
£
185,704
-
-
-
-
-
185,704
117,059
108
5,993
-
3,455
1,162
1,134
584
1,686
-
6,391
-
396
262
26
1,134
1,189
3,527
3,301
23,754
10,654
-
-
-
181,815
3,889
-
3,889|2023
Restricted
funds
£
146,251
-
-
-
-
-
146,251
93,254
-
2,064
-
917
871
1,134
1,212
1,921
270
9,877
-
374
270
69
4,037
318
2,937
2,928
8,355
10,182
5,261
-
-
146,251
-
-
-|2024
Total
funds
£
185,704
250,662
2,498
9,490
1,162
830
450,346
315,426
108
5,993
8,973
3,455
1,162
1,134
584
1,686
-
6,391
246
396
262
26
1,134
1,189
3,527
3,301
23,754
10,654
12,618
511
2,006
404,536
45,810
273,908
319,718|2023
Total
funds
£
146,251
192,215
3,115
9,160
626
60
351,427
200,316
-
2,374
7,114
917
1,036
1,134
1,212
1,921
270
9,877
796
374
270
69
4,037
318
2,937
2,928
20,377
10,182
9,256
546
-
278,261
73,166
200,742
273,908|
|---|---|---|---|---|
12