REGISTERED COMPANY NUMBER: 03132004 (England and Wales) REGISTERED CHARITY NUMBER: 1051924
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
FOR
LYTHAM HALL PARK NURSERY SCHOOL LIMITED
Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN
LYTHAM HALL PARK NURSERY SCHOOL LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31ST AUGUST 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
LYTHAM HALL PARK NURSERY SCHOOL LIMITED (REGISTERED NUMBER: 03132004) REPORT OF THE TRUSTEES for the Year Ended 31ST AUGUST 2023
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 31st August 2023. 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
To advance the education of children below the compulsory school age by providing or assisting in the provision of educational, recreational and other charitable facilities in augmentation of such facilities financed by the local education authority.
To advance the education of pupils attending Hall Park County Primary School by furthering the charitable purposes of the Hall Park Nursery School.
Public benefit
The Trustees consider that due regard has been paid to the Public Benefit Guidance published by the Charity Commission in relation to section 4 of the Charities Act 2011.
The charity enables parents to go about their busy lives in the secure knowledge that their children are being educated and cared for in a quality learning environment.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The company's activities continue to be the provision of an educational nursery and provision of an After School Care Club (ASCC) and Breakfast Club (BC). During the year, the maximum capacity of the nursery was 32 children (2022: 32 children).
Income for the year decreased to £244,473 (2022:£249,757). Expenditure for the year decreased to £248,259 compared to last year's figures of £262,466.
The Management Committee would like to extend their thanks to the Nursery, ASCC and Breakfast Club staff for their continued professionalism, dedication, expertise and enthusiasm.
I wish to place on record my thanks to staff and committee members for their support, which has made the Nursery, ASCC and Breakfast Club the success it is.
The charity is now in consultation with Lytham Hall Park Primary School, parents and staff regarding a Section 27.
FINANCIAL REVIEW
Reserves policy
Reserves are needed to cover fluctuations in income and expenditure, to invest in new equipment where such is required, cover any legal costs that may arise and cover statutory redundancy payments in the event the business ceased trading etc. The trustees consider that the charity's reserves are adequate for these purposes.
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.
Recruitment and appointment of new trustees
The Charity's constitution contains the terms with regards the appointment of Trustees, these are summarised as follows:
(1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity.
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED (REGISTERED NUMBER: 03132004) REPORT OF THE TRUSTEES for the Year Ended 31ST AUGUST 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
Those who served as directors and trustees during the year and up to the date of this report were as follows:
Beverley Susan Harrison Patricia Ann Fieldhouse Sharon Bowker
The Committee meets bi-monthly.
Key management remuneration
The total remuneration paid to key management personnel in the year amounted to £29,599 (2022: £28,768).
Related parties
No trustee has any beneficial interest in the charitable company. All trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The numbers of guarantees at 31st August 2023 was 3 (2022: 3)
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03132004 (England and Wales)
Registered Charity number
1051924
Registered office
Lytham Hall Park Nursery South Park Lytham St Annes Lancashire FY8 4QU
Trustees
Ms B S Harrison Miss P A Fieldhouse Mrs S Bowker
Independent Examiner
Candice Higgins Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN
Approved by order of the board of trustees on 5th March 2024 and signed on its behalf by:
Ms B S Harrison - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LYTHAM HALL PARK NURSERY SCHOOL LIMITED
Independent examiner's report to the trustees of Lytham Hall Park Nursery School Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2023.
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 the 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 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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
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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.
Candice Higgins The Institute of Chartered Accountants in England and Wales
Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN
27th March 2024
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31ST AUGUST 2023
| 31/8/23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Fundraising events 26 Provision of education 235,335 Investment income 2 11 Other income 9,102 Total 244,474 EXPENDITURE ON Charitable activities Education Services 219,477 Other Expenditure 29,272 Total 248,749 NET INCOME/(EXPENDITURE) (4,275) RECONCILIATION OF FUNDS Total funds brought forward 91,711 TOTAL FUNDS CARRIED FORWARD 87,436 |
31/8/22 Total funds £ 464 240,829 14 8,450 249,757 228,995 33,471 262,466 (12,709) 104,420 91,711 |
|---|---|
The notes form part of these financial statements
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED (REGISTERED NUMBER: 03132004) BALANCE SHEET 31ST AUGUST 2023
| 31/8/23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 8,382 CURRENT ASSETS Debtors 9 1,756 Cash at bank 85,849 87,605 CREDITORS Amounts falling due within one year 10 (8,551) NET CURRENT ASSETS 79,054 TOTAL ASSETS LESS CURRENT LIABILITIES 87,436 NET ASSETS 87,436 FUNDS 11 Unrestricted funds 87,436 TOTAL FUNDS 87,436 |
31/8/22 Total funds £ 9,935 1,646 88,756 90,402 (8,626) 81,776 91,711 91,711 91,711 91,711 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5th March 2024 and were signed on its behalf by:
B S Harrison - Trustee
The notes form part of these financial statements
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31ST AUGUST 2023
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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Grant income
Revenue grants are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs, is recognised in income in the period in which it becomes receivable.
continued...
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2023
2. INVESTMENT INCOME
----- Start of picture text -----
||||||
|---|---|---|---|---|
|31/8/23|31/8/22|
|£|£|
|Interest received|11|14|
|3.|SUPPORT COSTS|
|Management|Finance|Other|Totals|
|£|£|£|£|
|Education Services|6,773|-|-|6,773|
|Other Expenditure|7,135|596|18,000|25,731|
|13,908|596|18,000|32,504|
|Support costs, included in the above, are as follows:|
|31/8/23|31/8/22|
|Education|Other|Total|Total|
|Services|Expenditure|activities|activities|
|£|£|£|£|
|-|
|Repairs|6,773|6,773|6,302|
|-|
|Accountancy fees|5,040|5,040|4,330|
|-|
|Fixtures and fittings depreciation|2,095|2,095|2,301|
|Loss on sale of tangible fixed assets|-|596|596|5,196|
|Donations|-|18,000|18,000|18,000|
|6,773|25,731|32,504|36,129|
|4.|NET INCOME/(EXPENDITURE)|
----- End of picture text -----
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||
|---|---|---|
|31/8/23|31/8/22|
|£|£|
|Depreciation - owned assets|2,094|2,302|
|Deficit on disposal of fixed assets|596|5,196|
----- End of picture text -----
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
continued...
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2023
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31/8/23 | 31/8/22 | |
|---|---|---|
| Administration and childcare | 16 | 17 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|
| Charitable activities | ||
| Fundraising events | 464 | |
| Provision of education | 240,829 | |
| Investment income | 14 | |
| Other income | 8,450 | |
| Total | 249,757 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Education Services | 228,995 | |
| Other Expenditure | 33,471 | |
| Total | 262,466 | |
| NET INCOME/(EXPENDITURE) | (12,709) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 104,420 | |
| TOTAL FUNDS CARRIED FORWARD | 91,711 | |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2023
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1st September 2022 | 58,642 | |||
| Additions | 1,137 | |||
| Disposals | (5,461) | |||
| At 31st August 2023 | 54,318 | |||
| DEPRECIATION | ||||
| At 1st September 2022 | 48,707 | |||
| Charge for year | 2,094 | |||
| Eliminated on disposal | (4,865) | |||
| At 31st August 2023 | 45,936 | |||
| NET BOOK VALUE | ||||
| At 31st August 2023 | 8,382 | |||
| At 31st August 2022 | 9,935 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other debtors | 31/8/23 £ 1,756 |
31/8/22 £ 1,646 |
||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Trade creditors | 31/8/23 £ 828 |
31/8/22 £ 1,316 |
||
| Social security and other taxes | 1,580 | 1,770 | ||
| Other creditors | 566 | 611 | ||
| Accruals and deferred income | 5,577 | 4,929 | ||
| 8,551 | 8,626 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.9.22 £ |
Net movement in funds £ |
At 31.8.23 £ |
|
| General fund | 91,711 | (4,275) | 87,436 | |
| TOTAL FUNDS | 91,711 | (4,275) | 87,436 | |
continued...
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 244,474 TOTAL FUNDS 244,474 Comparatives for movement in funds At 1.9.21 £ Unrestricted funds General fund 104,420 TOTAL FUNDS 104,420 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 249,757 TOTAL FUNDS 249,757 |
Resources Movemen expended in funds £ £ (248,749) (4,275) (248,749) (4,275) Net movement At in funds 31.8.22 £ £ (12,709) 91,711 (12,709) 91,711 Resources Movemen expended in funds £ £ (262,466) (12,709) (262,466) (12,709) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 1.9.21 £ |
Net movement At in funds 31.8.23 £ £ |
|---|---|---|
| General fund | 104,420 | (16,984) 87,436 |
| TOTAL FUNDS | 104,420 | (16,984) 87,436 |
continued...
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LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 494,231 494,231 |
Resources Movement expended in funds £ £ (511,215) (16,984) (511,215) (16,984) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
During the year, Lytham Hall Park Nursery School Limited made a donation to Lytham Hall Park School, where two of the Trustees are Governors, totalling £18,000 (2022: £18,000).
13. ULTIMATE CONTROLLING PARTY
There is no controlling party, the company is limited by guarantee.
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