REGISTERED COMPANY NUMBER: 02696582 (England and Wales) REGISTERED CHARITY NUMBER: 1063372 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 5 ril 2024 for The Little Lot Limited Susan Ellison 30 Whitchurch Close Padgate Warrington Cheshire WAI 4JZ
The Little Lot Limited Contents of the Financial Statements for the Year Ended 5 A ril 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Ststement of Financial Activities 14
The Little Lot Limited Re ort of the Trustees for the Year Ended 5 A ril 2024 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 5 April 2024. 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 alms The objectives of the charty are to: 1. Provide quality pre-school education and care through its not-for-profit company the Little Lot Nursery 2. Provide outdoor play equipment for use by the pupils of the Stockton Heath Community School 3. Provide to the pupils of Stockton Heath Community School free or subsidised places on extra curricular events and activities run by the Little Lot Nursery. The Little Lot Nursery provides a fun. friendly and stimulating environment for children aged two to five. where the emphasis is on "learning through plaf. The children are valued individuals and are given a fulfilling and rewarding pre-school education that will provide a firm foundation for future growth and development. All the activities at Little Lot are organised to cover the initial achievements of the Early Leaming Goals in accordance with the Foundation Stage. The nursery is registered with Ofsted Earfy Years to provide pre-school education and care for 32 children at each session and 24 children for lunch. In September 2001 . the Little Lot re-registered with Otsted to admit children at v0 years old. Slgnificant activities The nursery has once again improved on its registrations: and the number of 2 year old places have increased considerably, making the nursery financially more secure with some sessions already full. FINANCIAL REVIEW Principal funding sources Little Lot's income is derived from fees. local authority Free Early Years Entitlement and fund-raising. Since the introduction of the Nursery Grant in 1997. the Little Lot nursery is registered under the scheme and is able to offer children Free Early Years Entitlement at the beginning of the term following their third birthday. A child is entitled to a maximum of 570 hours over each 12 month period on a rolling process from when they first access their funding. A minimum of 2.5 hours and a maximum of 10 hours can be daimed in any one day. The maximum claim of 15 hours must be taken over no fewer than 2 days. Little Lot nursery are now also able to offer a limtted number of Free 2 Year old Nursery placements. The local authority use criteria to assess if a child is entitled to it. Little Lot implemented the 30 hour funding to all eligible parents from September 2017. FUTURE PLANS Looking forward to 2024-25 the numbers of children enrolled are average for a sustainable nursery. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited Gompany, limited by guarantee. as defined by the Companies Act 2006. Page 1
The Little Lot Limited ort of the Trustees for the Year Ended 5 A ril 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The voluntary structure of the company provides long term policy, strategic decisions and support for the nursery manager by offering a source of experience and expertise (eg finance, planning, personal, building and education). The trustees attend meetings on a quarterly basis with sub-groups for education, finance. building and Way Forward meeting as required. The Nursery Manager is accountable to the trustees and, within the overall strategy set by the Trustees, is responsible, for the medium and day to day leadership and management of the business. This includes determining priorities, proposing and setting objectives, policy and implementation of staff development and support, establishing communications and using managerial skills to resolve conflict, solve problems and develop the teamwork ethos. The management team consists of qualified staff with early years, expertise, this includes senior staff with NVQ or NNE8 qualifications and an administrator. With teamwork and essential support from nursery practitioners and the administrator, excellence in education and childcare is achieved to budget. The nursery manager has a delegated authority up to a limit of £1,000 on any single purchase. All staff hold paediatri first aid and are trained in the use of a defibrillator, which is shared with the school.. Risk management The trustee5 have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02696582 (England and Wales) Registered Charity number 1063372 Registered office West Avenue Stockton Heath Warrington WA4 6HX Trustees C P Haines Trustee A J Kellett Trustee (resigned 19.12.23) M Kousoulou Trustee (resigned 22.1.24) Mrs L B Owen Nursery Manager (resigned 22.11.23) Mrs K Ragheb Trustee Mrs S L Scales Trustee P S Speed Trustee Mrs C L Wadsworth Trustee Miss E Berry (appointed 22.1.24) Company Secretary P S Speed Page 2
The Little Lot Limited Re ort of the Trustees for the Year Ended 5 A ril 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Susan Ellison 30 Whitchurch Close Padgate Warrington Cheshire WA14JZ Approved by order of the board of trustees on behalf by: 13 £024 and signed on its C P Haines - Trustee Page 3
Inde endent Examiner's Re The Little Lot Limited ort to the Trustees of Independent examinerfs report to the trustees of The Little Lot Limlted {'the Compan} I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 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 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 chariws 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 examinerfs 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 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. Susan Ellison Susan Ellison 30 Whitchurch Close Padgate Warrington Cheshire WA14JZ Date: Page 4
The Little Lot Limited statement of Financial Activities for the Year Ended 5 A ri12024 514124 Unrestricted fund 514123 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Preschool 163,479 155,516 Investment income 157 145 Total 163,636 155.661 EXPENDITURE ON Charitab19 activities Preschool 163,352 169,349 NET INCOMEI(EXPENDITURE) (13,688) RECONCILIATION OF FUNDS Total funds brought forward 14,167 27,855 TOTAL FUNDS CARRIED FORWARD 14,451 14,167 The notes form part of these financial statements Page 5
The Little Lot Limited Balance Sheet ril 2024 514124 Unrestricted fund 514123 Total funds Notes FIXED ASSETS Tangible assets 1,254 2,804 CURRENT ASSETS Cash at bank and in hand 95,555 81.789 CREDITORS Amounts falling due within one year {15,034) (3,102) NET CURRENT ASSETS 80,521 78,687 TOTAL ASSETS LESS CURRENT LIABILITIES 81.775 81,491 PROVISIONS FOR LIABILITIES (67,324) (67,324) NET ASSETS 14,451 14,167 FUNDS Unrestricted funds 10 14,451 14.167 TOTAL FUNDS 14,451 14,167 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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 (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 accordan 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. The notes fonn part of these financial statements Page 6 continued...
The Little Lot Limited Balance Sheet- continued ril 2024 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 13 .2£>.... and were signed on its behalf by: C P Haines - Trustee The notes form part of these financial statements Page 7
The Little Lot Limited Notes to the Financial Statements for the Year Ended 5 A ri12024 ACCOUNTING POLICIES Basis of preparing the financlal 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 wth 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. Incomè 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. Plant and machinery 33 /0 on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charttable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wthin 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 8 continued...
The Little Lot Limited Notes to the Financial Statements - continued for the Year Ended 5 A ri12024 ACCOUNTING POLICIES - Continued Pension costs and other postryretirement benefits The charitsble company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activrties in the period to which they relate. INVESTMENT INCOME 514124 514123 Interest receivable trading 157 145 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)= 514124 514123 Depreciation - owned assets Hire of plant and machinery Other operating leases 1,550 2,930 3,901 1.471 1,052 8,375 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 514124 514123 Nursery staff No employees received emoluments in excess of £60,000. Page 9 continued...
The Little Lot Limited Notes to the Financial Statements - continued for the Year Ended 5 A ri12024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitable activities Preschool 155,516 Investment income 145 Total 155,661 EXPENDITURE ON Charitable activities Preschool 169,349 NET INCOMEI(EXPENDITURE) (13,688) RECONCILIATION OF FUNDS Total funds brought forward 27,855 TOTAL FUNDS CARRIED FORWARD 14,167 TANGIBLE FIXED ASSETS Plant and machinery COST At 6 April 2023 and 5 April 2024 30,830 DEPRECIATION At 6 April 2023 Charge for year 28.026 1,550 At 5 April 2024 29,576 NET BOOK VALUE At 5 April 2024 1,254 At 5 April 2023 2,804 Page 10 continued...
The Little Lot Limited Notes to the Financial Statements - continued for the Year Ended 5 A ri12024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 514124 514123 Social security and other taxes Pension Liability Net Pay Accruals and deferred income 1.068 939 55 12,972 1.588 1,129 55 330 15,034 3.102 PROVISIONS FOR LIABILITIES 514124 514123 Provisions 67.324 67,324 10. MOVEMENT IN FUNDS Net movement in funds At 5.4.24 At 6.4.23 Unrestricted funds General fund 14.167 14,451 TOTAL FUNDS 14,167 14,451 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended n funds Unrestricted funds General fund 163,636 (163,352) 284 TOTAL FUNDS 163,636 (163,352) Page11 continued..
The Little Lot Limited Notes to the Financial Statements - continued for the Year Ended 5 A ril 2024 10. MOVEMENT IN FUNDS - continued Comparatlves for movement in funds Net movement in funds At 5.4.23 At 6.4.22 Unrestricted funds General fund 27.855 {13,688) 14,167 TOTAL FUNDS 27,855 (13,688) 14.167 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 155.661 (169,349) (13,688) TOTAL FUNDS 155.661 (169,349) (13,688) A current year 12 months and prior year 12 months combined position is as follovrfs: Net movement in funds At 5.4.24 At 6.4.22 Unrestricted funds General fund 27.855 (13.404) 14,451 TOTAL FUNDS 27.855 {13,404) 14.451 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 319,297 (332,701) (13,404) TOTAL FUNDS 319.297 (332.701) (13,404) Page 12 continued..
The Little Lot Limited Notes to the Financial Statements - continued for the Year Ended 5 A ril 2024 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 5 April 2024. Page 13
The Little Lot Limited Detailed Statement of Financial Activities for the Year Ended 5 A ril 2024 514124 514123 INCOME AND ENDOWMENTS Investment income Interest receivable - trading 157 145 Charitable activitles Nursery fee income Other income Grants 62,556 248 100,675 60.135 95,381 163,479 155.516 Total incoming resources 163.636 155,661 EXPENDITURE Charitable activities Wages Social security Pensions Hire of plant and machinery Other operating leases Rates and water Insurance Service charges Printing and stationery Sundries Materials & resources Meals & snacks Staff training Computer Soare & maintenanc Trade subscriptions Accountancy fees Staff welfare Professional fees Plant and maGhinery 114,820 1,326 1.644 2,930 3,901 1,226 1,243 10,649 1,260 (5) 4,415 13,136 457 1.156 1,357 1,259 452 576 1,550 123,519 4,209 1.918 1.052 8,375 1,050 1.208 1.757 215 6,014 10,595 208 4.050 947 1,299 885 577 1,471 163,352 169,349 Total resources expended 163,352 169,349 Net incomel{expenditure) (13,688) This page does not fomi part of the ststutory financial statements Page 14