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← Crank Nursery Limited

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02913840 (England and Wales) REGISTERED CHARITY NUMBER: 1039121

CRANK NURSERY LIMITED

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

CRANK NURSERY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objective and its principle activity is to utilise it's resources to benefit the public in such a way as to advance the education of children below compulsory school age by the provision of day care nursery facilities for such children. The children are mainly but not exclusively resident in Crank, Rainford, Billinge and Eccleston areas of St Helens. The charity is organised so that the Trustees meet regularly to manage its affairs. The remaining staff are employed in the Nursery.

In achieving these objectives and aims, the Trustees have identified the following specific purposes and value:

Organisational Purpose - Supporting children to be active citizens Organisational Values - Seeing the possibilities to make a positive difference

STRATEGIC REPORT

Achievements and performance

The Trustees are pleased to report a successful year, and the Nursery have made a surplus. The Trustees feel the results are in line with expectations of the long-term strategy for the Nursery.

The Nursery has an excellent reputation in the surrounding area, and staff turnover has remained low. The number of children attending has stayed consistently high.

The under 2's play area has undergone a refurbishment, the boiler has been replaced, a hardwired panic alarm system has been installed and an electronic staff signing in system has also been installed.

Page 1

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRATEGIC REPORT

Financial review

From a financial point of view the results for the year show a surplus of £135,774 compared to a deficit the previous year of £53,269. The main reason for this surplus is the introduction of the Government funded hours for children from 9 months plus and the high numbers of children attending. As indicated in previous reports, the Trustees have continued to operate an on-going programme of property maintenance.

Progress of the charity against its objective

We have supported several local charities during the year, including Crank & Kings Moss Village Community Association and Crank in Bloom. We have also supported a local family in their fundraising after a terminal cancer diagnosis.

Key performance indicators

  1. The Nursery has been awarded the highest possible score of 5 stars from Environmental Health and St Helens MBC scores on the doors and achieved the Healthy Eating Award.

  2. Positive feedback and comments from parents, local schools and the Local Authority Early Years team.

Significant Positive and Negative factors that have affected the Nursery

Staffing levels have remained stable with little staff turnover which the Trustees consider is helpful for the development of the children attending the Nursery with high numbers of pupils being maintained.

The introduction of Local Authority 15-hour funding for children from the age of 9 months has increased the number of enquiries received regarding places and Nursery now has a large waiting list for places.

Schools continue to expand their provision to younger children which creates more competition within the sector.

Reserves Policy

The trustees have reviewed the Charity's need for reserves in line with guidance issued by the Charity Commission and have issued a detailed Reserves Policy. The charity has designated funds set aside for anticipated future expenditure as detailed in note 20 to the accounts. The trustees believe that in addition to known commitments, it is good financial practice to hold up to six months running costs in reserve, given that the charity's income could fluctuate.

An analysis of reserves at 31 March 2025 reveals that of total reserves of £346,907, £1,634 was held as restricted funds and £345,273 as unrestricted general funds. This figure is equivalent to approximately 3 months of running costs for the nursery.

Principal risks and uncertainties

The trustees consider the major strategic, business and operational risks that the charity faces each year when considering budgets and business plans. Systems have been developed to monitor and control these risks to mitigate any impact that the risks may have in the future.

Key management personnel

The Trustees consider the key management personnel to be the management team. The remuneration of the key management personnel is set by the trustees with reference to available benchmarks of competitor pay.

Future plans

Plans for the future include the continuing maintenance and improvement of the Nursery.

All staff will continue to keep their training up to date, including Paediatric First Aid and Safeguarding. We are continually striving to achieve the best possible outcome for the children by providing qualified and experienced staff and maintaining the purchase of good quality resources and equipment.

The children's toilets will be renovated and the number increased and an additional staff toilet will also be added. An additional nappy changing area will be created and an existing one will be extended. The outdoor play area will also be enhanced.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 2

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Crank Nursery is a Charitable Company Limited by Guarantee, governed by a Memorandum and Articles of Association.

Overall direction and supervision of the activities of the Association is exercised by a Management Committee of 4 Directors including the officers (Chair: Mrs BE Brighouse and Company Secretary: Mrs S. Roper). The day to day running of the Nursery is undertaken by Mrs Sarah Morgan, Manager.

METHOD, APPOINTMENT, INDUCTION AND TRAINING OF TRUSTEES

All of the trustees are respected members of the local community and understand the ethos of our charity. The trustees have a background in business and/or working with children and have current enhanced DBS checks.

New trustees must be nominated by an existing member of the Nursery Board.

Potential new trustees will be invited for an informal visit to the Nursery and to meet the Board. If the Board deem the candidate suitable, the next stage in the procedure would be for them to be invited for an interview with the Board and the Nursery Manager. Following the interview a vote will be held and if agreed by a majority of the Board the candidate will be invited to join the Board as a Trustee.

Training of the Trustees is an ongoing process governed by the needs of the Nursery.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02913840 (England and Wales)

Registered Charity number

1039121

Registered office

Crank Nursery Crank Hill Crank St Helens Merseyside WA11 7SD

Trustees

Mrs B E Brighouse Mrs P A Davenport Mr A J Lyons Mrs N J Garner (appointed 25.6.24)

Company Secretary

Mrs S Roper

Auditors

Livesey Spottiswood Ltd Chartered Accountants and Statutory Auditors 17 George Street St Helens Merseyside WA10 1DB

Bankers

NatWest Bank plc 5 Ormskirk St St Helens Merseyside WA10 1DR

Page 3

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

DISABLED EMPLOYEES

In accordance with the charity's Equal Opportunity Policy, the Charity has an established fair employment practice in the recruitment, selection, retention and training of disabled staff.

EMPLOYEE INVOLVEMENT

Employees attend regular staff meetings where their opinions on various nursery matters can be discussed and debated. The nursery has implemented a number of detailed policies regarding:

The full details of all policies are available in the nursery.

BENEFIT TO THE PUBLIC

The Trustees confirm they have regard for the Public Benefit guidance issued by the Charity Commission as the Charities Act 2011 requires the Charity to demonstrate the Public Benefit of our aims.

The charity provides affordable, quality childcare for children within the local community along with employment for over 40 members of staff. The nursery also allows the use of the premises for the local community to use for fund raising purposes and as a polling station.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Crank Nursery Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 that period. In preparing those financial statements, the trustees are required to

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 statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 4

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 December 2025 and signed on the board's behalf by:

Mrs S Roper - Secretary

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

Opinion

We have audited the financial statements of Crank Nursery Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are planned and performed to detect irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Hudd BA FCA (Senior Statutory Auditor) for and on behalf of Livesey Spottiswood Ltd Chartered Accountants and Statutory Auditors 17 George Street St Helens Merseyside WA10 1DB

17 December 2025

Page 7

CRANK NURSERY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Operation of nursery
Activities for generating funds
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Operation of nursery
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
634,787
833,639
4,401
2,322
746
1,475,895
1,998
1,339,757
1,341,755
134,140
211,133
345,273		 Restricted
fund
£
2,463
-
1,190
-
-
3,653
-
2,019
2,019
1,634
-
1,634		 2025
Total
funds
£
637,250
833,639
5,591
2,322
746
1,479,548
1,998
1,341,776
1,343,774
135,774
211,133
346,907		 2024
Total
funds
£
213,747
838,515
2,406
2,598
3,300
1,060,566
1,096
1,112,739
1,113,835
(53,269)
264,402
211,133

The notes form part of these financial statements

Page 8

CRANK NURSERY LIMITED (REGISTERED NUMBER: 02913840)

BALANCE SHEET 31 MARCH 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
95,271
CURRENT ASSETS
Debtors
13
21,462
Cash at bank
358,420
379,882
CREDITORS
Amounts falling due within one year
14
(129,880)
NET CURRENT ASSETS
250,002
TOTAL ASSETS LESS CURRENT LIABILITIES
345,273
NET ASSETS
345,273
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
1,070
-
564
564
-
564
1,634
1,634		 2025
Total
funds
£
96,341
21,462
358,984
380,446
(129,880)
250,566
346,907
346,907
345,273
1,634
346,907		 2024
Total
funds
£
66,063
14,519
226,633
241,152
(96,082)
145,070
211,133
211,133
211,133
-
211,133

The financial statements were approved by the Board of Trustees and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mrs B E Brighouse - Trustee

The notes form part of these financial statements

Page 9

CRANK NURSERY LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 175,743 (62,460)
Interest paid - (3,375)
Net cash provided by/(used in) operating activities 175,743 (65,835)
Cash flows from investing activities
Purchase of tangible fixed assets (43,392) (20,129)
Net cash used in investing activities (43,392) (20,129)
Change in cash and cash equivalents in the
reporting period 132,351 (85,964)
Cash and cash equivalents at the beginning of
the reporting period 226,633 312,597
Cash and cash equivalents at the end of the
reporting period 358,984 226,633

The notes form part of these financial statements

Page 10

CRANK NURSERY LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations		 2025
£
135,774
13,114
-
(6,943)
33,798
175,743		 2024
£
(53,269)
10,249
3,375
3,477
(26,292)
(62,460)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24 Cash flow At 31/3/25
£ £ £
Net cash
Cash at bank 226,633 132,351 358,984
226,633 132,351 358,984
Total 226,633 132,351 358,984

The notes form part of these financial statements

Page 11

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 'The Financial Reporting 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.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in sterling which is the functional currency of the charity.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be reliably measured.

Income from Nursery fees are included in the Statement of Financial Activities (SOFA) when: -the charity becomes entitled to the fees and any conditions for receipt are met, -the trustees are reasonably certain they will receive it; and -the trustees are reasonably certain that the value can be reliably measured

Interest on deposit account funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributable to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Fixed assets are capitalised at cost where acquired, or management's approximate valuation of cost where donated.

Depreciation is provided to write off the cost, less an estimated residual value, or all fixed assets evenly over their expected economic useful lives on a reducing balance basis as follows:-

Classroom equipment - 25% on reducing balance / 10% on cost Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on reducing balance

The need for any impairment of a fixed asset write-down is considered if there is concern over the carrying value of an asset and is assessed by comparing that carrying value against the value in use or realisable value of the asset when appropriate.

Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Fund accounting

Designated funds have been established out of the charity's unrestricted general fund to cover anticipated future expenditure. These funds are being built up in a reserve account with the charity's bankers.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

continued...

Page 12

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Employee benefits

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Going concern

The trustees consider that there are no material uncertainties about the ability of Crank Nursery Limited to continue as a going concern.

Grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Grants
Grants received, included in the above, are as follows:		 2025
£
637,250		 2024
£
213,747
2025 2024
£ £
St. Helens Borough Council (Unrestricted) 631,219 207,050
Milk Grant (Unrestricted) 3,568 45,838
DAF Funding (Restricted) 2,463 859
637,250 213,747

3.

ACTIVITIES FOR GENERATING FUNDS

ACTIVITIES FOR GENERATING FUNDS
2025 2024
£ £
Income from fayres, raffles and lottery 5,591 2,406

All income from activities for generating funds in the current year relates to unrestricted funds.

4. INVESTMENT INCOME

INVESTMENT INCOME
2025 2024
£ £
Interest received 2,322 2,598

All investment income in the current and previous year relates to unrestricted funds.

continued...

Page 13

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

5. INCOME FROM CHARITABLE ACTIVITIES

2025 2024
Activity £ £
Nursery fees Operation of nursery 833,639 838,515

All income from charitable activities in the current and previous year relates to unrestricted funds.

6. RAISING FUNDS

Fundraising costs

Fundraising costs
2025 2024
£ £
Organised event costs 1,998 1,096

All expenditure in relation to fundraising costs in the current year relates to unrestricted funds.

7. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 8) Totals
£ £ £
Operation of nursery 1,268,053 73,723 1,341,776

The expenditure in relation to charitable activities costs in the current year was £1,341,776 of which £1,339,757 was unrestricted and £2,019 was restricted (2024: £1,111,880 unrestricted and £859 restricted).

8. SUPPORT COSTS

SUPPORT COSTS
Governance
Management costs Totals
£ £ £
Operation of nursery 58,200 15,523 73,723

All expenditure in relation to support costs in the current and previous year was unrestricted.

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Auditors' remuneration 6,000 5,700
Depreciation - owned assets 13,114 10,249

continued...

Page 14

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
957,898
69,495
18,963
1,046,356		 2024
£
832,081
42,414
21,439
895,934

The average monthly number of employees during the year was as follows:

Direct charitable
Administration		 2025
44
3
47		 2024
42
4
46

No employees received emoluments in excess of £60,000.

The total employee benefits of the key management personnel of the Nursery were £114,013 (2024: £101,933).

Indemnity insurance for the trustees is included at a premium of £1,033 (2024 - £787).

12. TANGIBLE FIXED ASSETS

Classroom
equipment
£
COST
At 1 April 2024
92,267
Additions
33,341
At 31 March 2025
125,608
DEPRECIATION
At 1 April 2024
62,011
Charge for year
5,036
At 31 March 2025
67,047
NET BOOK VALUE
At 31 March 2025
58,561
At 31 March 2024
30,256		 Fixtures
and
Computer
fittings
equipment
£
£
121,720
10,529
9,462
589
131,182
11,118
88,184
8,258
7,297
781
95,481
9,039
35,701
2,079
33,536
2,271		 Totals
£
224,516
43,392
267,908
158,453
13,114
171,567
96,341
66,063

Page 15

continued...

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years		 2025
£
6,989
4,785
9,688
21,462
2025
£
239
15,671
4,862
109,108
129,880
2025
£
26,732
111,915
398,667
537,314		 2024
£
10,831
-
3,688
14,519
2024
£
7,759
12,051
4,379
71,893
96,082
2024
£
24,552
104,097
424,667
553,316

The charity leases the building from which it operates, on a long lease until 31 July 2045 at an initial amount of £20,000 per annum, with yearly incremental increases until 1 August 2027. After this date, the rent is reviewed every 3 years.

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Net
movement
At 1/4/24
in funds
£
£
211,133
134,140
-
1,634
211,133
135,774		 At
31/3/25
£
345,273
1,634
346,907

Page 16

continued...

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
£
1,475,895
3,653
1,479,548
At 1/4/23
£
264,402
264,402
Incoming
resources
£
1,059,707
859
1,060,566		 Incoming
resources
£
1,475,895
3,653
1,479,548
At 1/4/23
£
264,402
264,402
Incoming
resources
£
1,059,707
859
1,060,566		 Resources
expended
£
(1,341,755 )
(2,019)
(1,343,774 )
Net
movement
in funds
£
(53,269)
(53,269)
Resources
expended
£
(1,112,976 )
(859)
(1,113,835 )		 Resources
expended
£
(1,341,755 )
(2,019)
(1,343,774 )
Net
movement
in funds
£
(53,269)
(53,269)
Resources
expended
£
(1,112,976 )
(859)
(1,113,835 )		 Movement
in funds
£
134,140
1,634
135,774
At
31/3/24
£
211,133
211,133
Movement
in funds
£
(53,269)
-
(53,269)		 Movement
in funds
£
134,140
1,634
135,774
At
31/3/24
£
211,133
211,133
Movement
in funds
£
(53,269)
-
(53,269)
Restricted funds
Movement in Resources
Balance at
Incoming
Expenditure &
Balance at
1.4.24
Resources
Transfers
31.3.25
£ £ £ £
EYPP & DAF Funding
Funding for SEND Children - 2,463 (1,899) 564
Smart Board
Funding towards Interactive board - 1,190
 ( 120
)		 1,070

- 3,653

(2,019
)		 1,634

continued...

Page 17

CRANK NURSERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

17. EMPLOYEE BENEFIT OBLIGATIONS

During the year the company made contributions to a defined contribution pension scheme. The amount paid during the year was £18,963 (2024: £21,439). At 31 March 2025, £4,862 (2024 - £4,364) was due in respect of outstanding pension contributions.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025 nor for the year ended 31 March 2024.

19. COMPANY LIMITED BY GUARANTEE

The Charity is a company Limited by Guarantee and has no share capital.

20. DESIGNATED FUNDS

To cover anticipated future expenditure, funds are being built up in a reserve account with the NatWest. At the year end the balances were as follows:-

balances were as follows:-
£
Repairs and improvements fund 40,000
Staff costs fund 100,000
Future lease commitment fund 70,000
Friends of Crank 2,376

21. PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors for routine payroll services, and assist with the preparation of the financial statements.

Page 18