REGISTERED COMPANY NUMBER: 03132004 {EngtaDd Wales) REGISTERED CHARrrY NUMBER: 1051924 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS R THEY FOR THAM HALL P IVhit¢head & Howarth 327 Clifton Drive South Lytham St Amies Lancashire FY8 IHN
AM RSERY SCHOOL LIMrfED CONTENTS OF THE FINANCIAL STATEMENTS nded 31 AUGUST 2 24 Page Report of the Trustees I to 2 Independent Examiner's Report ststement of Fin8nclal Actlvltles Balance Sheet Noteg to the Fillancial Statements 6 to 11
LYTHAM HALL PARK IYURSERY SCHOOL LIMITED REGISTERED NUMBEIL. 031321)04 REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024 The trustees who are also directors of the charity for the pwwses of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The lThstees 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 l January 2019). OBJECTIVES AND AcrivrrIES Obje¢tlves 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 augmentstion 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 Trnstees consider ihat 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 octivities The company's activities continued to be the provision of an educational nursery and provision of an After School Care Club (ASCC) and Breakfast Club (BC). Income for the year decreased to £230,765 (2023:£244,473). Expenditse for the year decreased to £200,069 compared to last yearfs figures of £248.259. After many years as a Limited Company, il was decided in light of new Section 27 DFE guidance regarding schools having their own nursery, the Tntee9 voted unanimously to close the LhaM Hall Park Nursery School Limited company and transfer moT]ie5 and assets to L1aM Hall Park Primary School. LaM Hall Park Primary School is within the remit of Lancashire County Coun¢il, and has been the beneficiary of profits from Lytham Hall Park NuTsery School Limited sin¢e it's inception. Legal advice from a specialist educational consultancy fm was sought and following their guidance the company will be wound up and assets transfeed to Lytham Hall Park Primary School The three directors notified Ofsted of their decision. From 1st June 2024 Hall Park Nursery School Limited no longer provides nursery and out of school provision and all staff were TUPE to Lancashire County Council on this date. FINANCIAL REVIEW Reserves polley The reserves will be transfeed to Lytham Hall Park Primary School as part of the Section 27 process. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing documenl a deed of trust, and constitutes a limited company, limited by guarantee, &s defmed by the Companies Act 2006. Reerultment and appofintment of new trustees The Charitys constitution contains the ternis with r¢gards th¢ appointm¢nt of Trustees, th¢se are summarised as follows.. (l) Apart from the first charity trustees. every knistee must be appointed for a terni of three years by a resolution passed at a properly nVened neting of the charity trustees. (2) In selecting individuals for appointment as charity trustees the ¢harity trustees must have regard to the ski114 knowledge and experi¢nce needed for the effective administration of the Charity. Page I
LYTHAM HALL PARK NURSERY SCHOOL LIMITED REGISTERED NUMBER: 03132004 REPORT OF THE TRUSTEES for the Year Ended 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure Thos¢ who s¢rv¢d as dir¢clors and trustees during the year and up to the date of this report wv¢ as follows: Beverley Susan HwTison Patricia Ann Fieldhouse Sharon Bowker The Committee meets bi-monthly. Key management remuneration Thc loial remuneration paid to key management peTsoonel in the year amountsd to £25.000 (2023: £29,599). Related partles No trStee has any beneficial interest in the charitable company. All trustees are members of the company and guarantee to contribute £ l in the ¢v¢nt of a winding up. The numbers of guarantees at 3 1st August 2024 was 3 (2023: 3) REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03132004 (England and Wales) Registered Charlty number 1051924 Registered office Lytham Hall Park Nursery South Park Lbarn St ADnes 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 LhaM St Annes tAn¢ashire FY8 IHN 2Lk...W.. ...Is Approved by order of the board of trustees on ............. . 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 examlner's report to the trustees of Lytharn Hall Park Nursery School Llmlted ('the Company,) I rq)ort to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and bydsis of report As the charitys trustees of the Company (and also its directors for the pUoseS of company law) you are responsible for the preparation of the accounts in accordance with the requiremcnts of the Companies Art 2006 ('thc 2006 Act,). HaviTJg satisfied myself that the accounts of the Company ar¢ not required to be audited under Part 16 of the 2006 A and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 ACV). In canying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) 0)) of the 2011 Act. IDdependent examiner's ststement I bave completed rny examination. I confmn that no matters have come to my attention in connection with the ¢xamination giving me cause to believe: accounting records weTe not kept in respect of the Company as required by Section 386 of the 2006 Acl; or the accounts do not accord with those records; or the accounts do not cornply with the accounting requirements of Section 396 of the 2006 Act other than any requiremeiit that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Staicment of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republi¢ 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 A¢¢ountants in England and Wales Whitehead & Howarth 327 Clifton Drive South LWiam St Annes Lancashire FY8 IHN 221511£ Page 3
LYTHAM HALL PARK NURSERY SCHOOL LIMITED TATEMENT F FINANCIAL ACTIVITIES r Ended 31 AUGUST 2024 31.8.24 Unrestrictsd fund 31.8.23 Total funds Notss INCOME AND EIYDOWMENTS FROM Charitsble activities Fundraising events Provision of education 187 221,083 26 235,335 Investment income Other income 15 9,480 9,102 Total 230,765 244,474 EXPENDITURE ON Charitable aellvlties Education Services Other Expenditur¢ 152,657 47,412 219,477 29,272 Total 200,069 248,749 NET INCOMEI(EXPENDITURE) 30,696 (4,275) RECONCILIATION OF FUNDS Total fimd5 brought for+vard 87,436 91,711 TOTAL FUNDS CARRIED FORWARD 118,132 87,436 The notes forni part of these financial statements Page 4
YrH PA GIS MBER: 03132 BALANCE SHEET 31.8.24 Unrestricted fund 31.8.23 Total fimds Notes FIXED ASSETS Tangible assets 8,382 CURRENT ASSETS Debtors Cash at bank 2.592 118.420 1,756 85,849 121.012 87,605 CREDITORS Amounts falling due within one year io (2,880) (8,551) NET CURREIYT ASSETS 118,132 79,054 TOTAL ASSETS LESS CURRENT LIABILITIES 118,132 87,436 NET ASSETS 118,132 87,436 FUNDS Unrestrictsd funds 118,132 87,436 TOTAL FUNDS 118,132 87,436 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have nol required the company to obtain an audit of its financial staternents for the year ended 31 August 2024 in accordance with Section 476 of the Cornpanies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitsble ¢ompany keeps a¢¢ounting records that Comply with Sections 386 and 387 of the Companies Act 2006 and (b) prepartng financial statements which give a tru¢ and fair view of the state of affairs of the chaTitable company as at the end of each financial year and of its surplus or deficit for each financlal year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatlng to fmancial staternents, so far &$ applicable to the charitable company. These financial statements have been prepared in accorthce with the provisions applicable to charitsble companies subject to the small companies regime. The fmancial statements were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by. B S Harrison- Trustee The notes forni part of these financial statements Page 5
LYTHAM HALL PARKNURSERY SCHOOL LIMITED NOTES TO THE FtNANCIAL STATEMEiYrs for tbe Year Ended 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial statements of the charitable company, which is a public benefit cntity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Stalement of Recomm¢nded Prarti¢e applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and ihe Companies Act 2(K)6. The financial ststements have been prepared under the historical cost convention. Income All income is reCOlsed in the Statement of Financial Activities once thc charity has enlitlement to the funds, it is probable that the income will be received and the amount can be measured reliabty. Expenditure Liabilities are recOlSed as expenditure as soon as there is a legal or cOnStsCtive obligation committing the ¢harÉty to that expenditure. it is probable that a transfer of economic benefits will be r¢quired in settlement and the amounl of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis and has beeT] classified under headings that aggregate all cost related to the category. Where costs ¢aDnot be direcily 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 WTite off each asset over it5 estimated useful life. Fixtures and fittings 20Q/o on reducing balance Taxation The charity is exempt from corporation t&x on its charitable activities. Fund ac¢ounting Unrestricted fld5 can be used in accordance with the charitable objectives at the diwetion of the trustees. Restricted funds only be used for particular restricted PUryK)ses within the objects of the charity. Restrictions arise when specified by the donor or when funds are rnised for particular restricted purposes. Further explanation of Ihe nature and purpose of each fund is included in the notes to the financial statements. Grant ineome Revenue grants are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grdnt is inteT]ded to compensate. A grant that becomes receivable as compensatiijn for expenses or losses already incurrcd. or for the purpose of giving immediate fmancial support to the company with no future related ¢osts. is recognised in income in the period in which it becomes receivable. Page 6 continued...
LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued or the Year End 24 INVESTMENT INCOME 31.8.24 31.8.23 Interest received 15 SUPPORT COSTS Management Other Totals Education Services Other Expenditure 5,067 5,980 5,067 43,989 38,009 11,047 38,009 49,056 Support costs, included in the above. are &8 follows: 31.8.24 Totsl activities 31.8.23 Total activities Education Services Other Expenditure Repairs Accountancy fees Fixtures and fittings depreciation Loss on sale of tangible fixed assets Donations 5,067 5,067 3,978 2,002 6,773 5,040 2,095 596 18,000 3,978 2,002 38,009 38,009 5,067 43,989 49,056 32,504 NET INCOMEI(EXPENDITURE) Net income/{expenditure) is stated after chargingJ{crediting): 31.8.24 31.8.23 D¢preciation - owned 855ets Deficit on disposal of fed assets 2,002 2,094 596 TRUSTEES, REMUNERATION AND BENEFITS There were no trusiees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses There wcre no tTUStees' expenses paid for the year ended 31 August 2024 nor for the year end 31 August 2023. Page 7 continued...
LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMEIYTS- contiDII for the Year Ended 31 AUGUST 2024 STAFF COSTS The average monthly number of employees during th¢ year was as follows: 31.8.24 15 31.8.23 16 Administration and childcare No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charilable aetivities Fundraising events PTOV15ion of education 26 235,335 Jnveslrnent income Other income 9,102 Tolal 244,474 EXPEIYDITURE ON Charitable getivities Education Services Other Expenditure 219,477 29,272 Total 248,749 NET INCOMEI(EXPENDITURE) (4275) RECOIYCILIATION OF FUNDS Total fimds brousht forward 91,711 TOT AL FUNDS CARRIED FORWARD 87,436 Page 8 ontinued...
LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTE TO THE FINANCIAL STATEMENTS- continue or the Yc8r Ended I AUGUST 2024 TANGIBLE FIXED ASSETS Fixtures fillings COST At I September 2023 Additions Disposals 54,318 1,629 (55,947) Al 31 August 2024 DEPRECIATION At I September 2023 Charge for year Elimina on disposal 45,936 2,002 (47,938) At 31 August 2024 NET BOOK VALUE At 31 Augusl 2024 At 31 August 2023 8,382 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Other d¢btors 2,592 1,756 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade creditors Social security and other taxes OtheT creditors Accruals and d¢f¢rr¢d income 828 1.580 566 5,577 2,880 2,880 8,551 11. MOVEMEIYT IN FUNDS Net movement in fimds At 31.8.24 At 1.9.23 Unrestricted funds General fund 87,436 30,696 118,132 TOTAL FUNDS 87,436 30,696 118,132 Page 9 continued...
LYTHAM HALL PARK NURSERY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for he Year Ended 31 AUCUST 2024 MOVEMENT JN FUNDS- contlnued Net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 230,765 (200,069) 30,696 TOTAL FUNDS 230,765 (200,069) 30,696 Comparatlvu for movement In funds Net mov¢m¢nt in funds At 31.8.23 At 1.9.22 Unrestricted thnds General fund 91,711 (4,275) 87,436 TOTAL FUNDS 91,711 (4,275) 87,436 Comparative net movement in funds, included in the above are &s follows.. Incoming resour¢¢s Resources ¢xpended Movement in ndS Unrestricted funds General fund 244,474 (248,749) (4,275) TOTAL FUNDS 244,474 (248,749) {4,275) A current year 12 rnonths and prior year 12 months combined position is as follows: Net movement in funds At 31.8.24 At 1.9.22 Unrestricted fuDds General fund 91,711 26,421 118,132 TOTAL FUNDS 91,711 26,421 118,132 Page 10 continu¢d...
LYTHAM HALL PARK NURSERY SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 A GUST 2024 ii. MOVEMENT IN FUNDS - continued A eurrent Ye 12 months and 10T year 12 months combined net movement in fund5, included in the above are as follows.. Incoming resources Kesources expended Movement in fimds Unrestricted funds General fimd 475,239 (448,818) 26,421 TOTAL FUNDS 475,239 {448,818) 26,421 12. RELATED PARTY DISCLOSURES During the y¢ar, Lytham Hall Park Nursery School Limited made donations to Lharn Hall Park School, where two of the Trustees are Governors, totalling £38,009 (2023: £18,000). 13. ULTIMATE CONTROLLING PARTY Thett is no Controlling party, the company is limited by guarantee. Pagell