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← Heyhouses Church Of England Nursery School Limited

2024-08-31-accounts

REGISTERED COMPANY NUMBER: 03658981 (England and Wales) REGISTERED CHARITY NUMBER: 1081067

REPORT OF THE TRUSTEES AND

UNAUDITED FmANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

Whitehead & Howarth 327 Clifton Drive South

HEYHOUSES CHURCH OF ENGLAND NURSERY

Lytham St Annes
Lancashire
FY8 IHN
SCHOOL LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for CONTENTS OF THE FINANCIAL STATEMENTS for
the Year Ended 31ST AUGUST 2024
Page
Reference and Administrative Details 1
Report of the Trustees 2 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet
Notes to the Financial Statements 12 to 20 12 to 20 12 to 20

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS

for the Year Ended 31ST AUGUST 2024

TRUSTEES

3
Mr C E Barnes
0
Mrs D G Brown
2
Mrs E A Hodgson
Mr P M Gibbons
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Lytham St Annes
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FY8 IHN
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K E R S

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HEYHOUSES CHURCH OF ENGLAND NURSERY

m St

m o Annes n FY8 ILN HONORAR D Y PRESIDEN r T i Mrs H C Atkinson v e S o M u r t h

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B a r n e s 3 2 7

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03658981 (England and Wales) 1081067 Whitehead & Howarth TSB

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Mrs Elaine Nightingale

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 2024. The frustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice

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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 compulsory school age by providing or assisting in the provision of educational recreational and other charitable facilities and to advance the education of pupils attending Heyhouses Endowed Church of England Primary School by furthering the charitable purposes of the Heyhouses Endowed Church of England Primary School Fund.

SCHOOL LIMITED (REGISTERED NUMBER: 03658981

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Comment

It is evident to all trustees that staff at Heyhouses Nursery ensure that these aims and objectives are met. Nursery is a stimulating and happy environment where children develop as individuals and as a

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socially interactive group. Extremely favourable comments in parental surveys confirmed their satisfaction with the standard of education and care provided.

Mission Statement

We seek to enable children to reach their full potential educationally, spiritually and socially so that they may become all that God has created them to be.

Public benefit

The trustees consider that the main activities undertaken by the charity to carry out its charitable purposes are for the public benefit and furthermore they consider that they have complied with their duty to have due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Volunteers, students and visitors

Nursery staff and trustees are grateful for the regular and valuable contribution of volunteers, special support workers and students both from the local college and high schools for their valuable input of activities.

Nursery has 3 volunteers who support the various needs of nursery with additional support with events, holiday provision, fundraising. Other visitors included:

Nursery welcomed 3 students from the local High School (Year 10) as part of the Duke of Edinburgh Scheme. They volunteered in the Afterschool Club each week.

ACHIEVEMENT AND PERFORMANCE Charitable Activities

Finance

The payment of fees continues to create the majority of the charities income. Parents are entitled to 15 hours per week for 38 weeks of funded care from the LEA the term after the child's third birthday which is now called the Early Education Funding (EEF). This is also now available for two year olds who meet the criteria.

Extended funding up to 30 hours of provision, is securely embedded into the system. This has continued to impact on the finances of nursery so the number of families accessing the additional (Enhanced) 15 hours was maintained at 20 families, with a minimum of 24 hours per week, so places would be available for all families. Parents were happy to adhere to this ruling and several agreed to

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pay the additional fees. Trustees are confident they are fulfilling the requirements of the scheme by providing the enhanced hours in support of working parents. SCHOOL LINNTED (REGISTERED NUMBER: 03658981)

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Early Years Pupil Premium continues to be paid to EEF children aged 3-4 who meet the criteria. This year children accessed the additional funding which was used to support ball skill sessions provided by CTFF Football Federation as well as supporting these children with additional sessions and covering the costs of hot meals. It was also used to enhance resources and purchase additional support to enable all children to access the curriculum.

There was an increase in the amount of additional finance this year. Successful Chrisünas & Summer Fairs were organised this year along with a photographic session in May. All events were well supported as we emerged from the pandemic.

Trustees will consider family circumstances and use their discretion to waive or reduce fees for children who have special/specific needs or whose pre-school years will by significantly enhanced by attendance at Heyhouses Nursery. The guiding principle when considering such cases is that no child who needs our support should be prevented from attending our nursery by a financial barrier.

Accommodation

Heyhouses C of E Nursery is located in a new purpose built brick building which is located on land owned by The Lytham Schools Trust on Clarendon Road North, Lytham St Annes. This is the eleventh year in the new building.

Over the past year the Senior Management team have identified significant maintenance and repairs needed for the building's overall long-term maintenance. The Senior Management Team are currently in the process of applying for Grant Funding to support the extensive financial costings of the repairs and maintenance, including:

Staffing

Through this financial year, Nursery has maintained the posts as follows: Nursery Manager/Teacher

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2 x Deputy Managers 1 x SEN Co-ordinator

9 x Nursery Practitioners 1 x Finance Manger 1 x Business Support Offcer

Trustees wish to record their thanks to all staff for their continued hard work and commiünent to the nursery.

The Performance Management was further embedded this year as Mrs Helen Atkinson and Mr Clive Barnes alongside regular supervision with Joanne Kaced, Nursery Manager & Teacher.

Lead Practitioner Status was again awarded to the nursery. The nursery continues to be used as an example of good practice to other nurseries throughout Lancashire, although there is no additional funding for the status.

Breakfast Club & After Nursery School Club

These clubs continue to operate very well under the leadership ofDeputy Manager . The Senior Management Team applied for Wraparound Care grant funding in July 2024, a successful application provided the means to increase the number of places by 5 and to support the employment of an additional staff member within the Afterschool club thus helping the team provide the much needed additional one to one support for the increase of children with Special Educational Needs including children from Nursery, Reception and Year 1.

SCHOOL LIMITED (REGISTERED NUMBER: 03658981)

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By means of Grant funding nursery has been able to deliver several individual holiday provision programmes over the last year including 2 days during

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HEYHOUSES CHURCH OF ENGLAND

NURSERY

the October half term week. 4 days during the Easter 2-week holiday.

During the summer holidays we were fortunate to be able to provide a 2-weeks holiday provision with the support of grant funding from Lytham School Foundation Trust. The holiday provision provided support for up to 25 children each day. The grant funding also included funding to provide a minibus service to ensure our most vulnerable and needy children attended the provision.

With the ever-increasing challenge of childcare needs for parent/carers due to more and more families having both parent/carers working. For the first time within the grant application, we made a request to the Lytham School Foundation Trust to seek approval to open the holiday provision to the wider nursery community, Breakfast Club and Afterschool Club parent/carers. This also paved the way to work towards a holiday provision being available to all the Nursery, Breakfast and Afterschool Club children providing the financial means for nursery to then be able to provide 'invite only' places for our more vulnerable and needy children who may not be able to access the provision without this support.

Grants

Nursery received grant funding for the October, Easter & Summer holiday provision for vulnerable children from the Lytham Schools Foundation Trust.

Quality Award

The Nursery has been awarded the LQA in Language and Communication. This certification was received in Spring 2024, as anticipated in the Trustees Report 2223.

Additional Fundraising

We have raised additional funds for Nursery through regular fundraising events at Christmas, Easter and during the summer term, including Christmas and Summer Fairs.

All monies raised are used to purchase various resources for nursery and the children.

Ofsted

The SMT have attended Ofsted update training for changes that are being implemented to the inspection process. There is now a 6 year cycle of inspection for settings that have been recognised as Good or Outstanding.

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Communication

At Heyhouses Nursery we recognise the privileged position we have when parents entrust the care of their young children to us. Our work is very much in partnership with those parents and carers and good communication is vital. We communicate regularly with parent/carers via the communication tool Evidence Me and have regular emails/letters with information regarding activities and events which are taking place.

The Senior Management Team recognise as parent/carers childcare requirements have changed over time, children are continuously registered with nursery throughout the year unlike previous years whereby significant times, such as September and January were times when admissions were high, this has now moved to a constant flow of children being registered and parents/carers requiring start dates as and when necessary. Thus, leading to an all-yearround ability to register and begin their nursery journey with Heyhouses. Throughout the year we provide opportunities to carry out our robust induction and settling in process. During the summer term we now provide 4 weekly play sessions for parent/carers and children to attend nursery to begin their settling in, 'getting to know' their key person and other team members as well as familiarising themselves with the nursery surroundings. This over the last year has proven to be highly successful in aiding a positive and secure tansition into our Nursery.

SCHOOL LMITED (REGISTERED NUMBER: 03658981

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Open Evenings and Parent Workshops are held throughout the year for families of children currently attending nursery and for those who are looking for nursery provision in the future.

At the end of the Summer Term, a Transition Report is prepared on the progress of all children.

Feedback is encouraged from parents and carers on a regular basis particularly after Open Evenings and Parent Workshops.

Informal meetings are held throughout the year when parents have the opportunity to discuss progress etc with their child's Key Person.

During the Spring and Summer Terms staff from the Reception Department visit Nursery to take part in Storytime[t] and small groups of nursery children are taken to the Heyhouses Primary School Reception Department to meet the teachers and become familiar with the school ahead of the fransition in September. For any children who may be accepted for a different school the team will endeavour to provide opportunities for the schoolteachers to visit nursery.

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This is valuable work as it supports the transition of children from nursery to school and is welcomed by staff and parents.

FNANCIAL REVIEW Financial position

The net expenditure as disclosed in the Statement of Financial Activities is El 3,381 deficit, (2023:E39,942 deficit), and reserves are E318,172 (2023:£331,553).

Investment policy and objectives

Under the Memorandum and Articles ofAssociation, the charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that business high interest accounts meet the requirements to generate both income and allow the funds to be readily available.

Reserves policy

The ffustees have examined the charity's requirements for reserves in the light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between three and six months of the expenditure.

The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities ofthe charity in the event of a significant drop in funding. The present level of reserves available to the charity at 31 August 2024 are E318,172.

The trustees are aware of the fact that with tied in tangible fixed assets, the desired level of reserves have not been achieved. They continue to seek ways to improve the situation while managing current and future risks by not committing to any long term projects unless specific funding is secured.

FNANCIAL REVIEW Going concern

The Trustees have considered the financial circumstances of the charity at the year end and determined that the going concern basis is appropriate.

FUTURE PLANS

Plans for Future Periods

Money raised through åmdraising will continue to be used to develop the resources and equipment in the nursery in line with the requirements of the EYFS and to ensure resources which are used inside are also provided for use in the outdoor area. The Development Plan, which clearly outlines the focus for the coming year, includes:

Leadership and Management

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SCHOOL LIMITED (REGISTERED NUMBER: 03658981

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Personal Developments

Behaviour & Attitudes

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NURSERY

Nursery was at 95% capacity from April-July 2024, based on the reduced numbers at each session of 32 instead of 42.

The EcoPod is now being used on a full-time basis by The Coastal Collective, a newly formed charity supported by The Lytham Schools Foundation working in conjunction with schools in the local area. The aim is to support children and families with additional needs or

vulnerabilities, promote health & well being, provide specialist support in order to enhance learning and education as well as developing a healthier and safer FY8.

Nursery no longer have access to the EcoPod, Coastal Collective make a donation to the EcoPod every month to support the ongoing costs of the building.

After Athena Solicitors continued to be a support for the reclamation of debts and supporting the trustees with employment law.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 29 October 1998 and registered as a charity on 9 June 2000. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding E5.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law and also constitute the management committee. The directors may appoint a person who is willing to act as a director, either to fill a vacancy or as an additional director provided that the maximum of five as set by the articles is not exceeded. The directors would seek to appoint a director from a member of the governing body of Heyhouses C of E Primary School. All directors presenting themselves for re-election will be deemed to have been re-elected unless at the annual general meeting it is resolved not to fill a vacancy or unless a resolution for the re-appointment of the director is put to the meeting and lost.

Trustee meetings

Meetings are held on a regular basis to review progress. Meetings of the trustees comprising Clive Bames, Elizabeth Hodgson, Helen Atkinson, Philip

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Gibbons, Denise Brown and the Nursery Management Team - the Manager, Deputy and Business & People Manager are held as and when required to discuss and decide upon matters of policy , staffmg, finance, budgeting and pay review. The Chairman or other appointed üustee meets with all staff at least twice a year. Philip Gibbons attends monthly meetings with Hester Holdsworth, the Finance Manager to discuss the accounts.

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SCHOOL LIMITED (REGISTERED NUMBER: 03658981)

REPORT OF THE TRUSTEES for the

Year Ended 31ST AUGUST 2024

Induction and training of new trustees

The trustees are already familiar with the practical work of the charity and additionally are invited and encouraged to attend meetings and training sessions to familiarise themselves with the charity and the context within which it operates and cover:

New trustees would be invited to the setting to familiarise themselves with the work of the charity. They would also be provided with a handbook containing full details of the work of the charity along with the Memorandum and Articles of Association and the latest financial statements. New frustees would have an induction programme followed by an analysis of this induction.

Key management remuneration

Total remuneration paid to key management personnel in the year amounted to E81, 198.

Related parties

Trustees can elect to make donations from surplus funds to Heyhouses Endowed Church of England Primary School. Any such donation(s) would be in support of projects not fimded by the local authority or the diocese and of direct benefit to the Primary School pupils. In the event of The Charity closing any surplus ftnds would be donated to the Primary School.Transactions with related parties are as detailed in note 17 of the financial statements.

Risk management

The trustees have conducted a review ofthe major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Intemal confrol risks are minimised by the implementation of procedures consistent with the activities of the charity and in accordance with Ofsted inspections. Procedures are in place to ensure compliance with health and safety of staff, children, volunteers and visitors to the nursery. These procedures are reviewed annually to ensure that they continue to meet the needs of the charity.

Approved by order of the board of trustees on 1st May 2025 and signed on its behalf by:

Mr C E Barnes - Trustee

mDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LMITED

Independent examiner's report to the trustees of Heyhouses Church of England Nursery School Limited Cthe Company')

I report to the charity frustees on my examination ofthe accounts of the Company for the year ended 3 1 st August 2024.

Responsibilities and basis of report

As the charity's frustees 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.

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Independent examiner's statement

Since your charity's gross income exceeded your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

C.L.Higgins FCA

The Institute of Chartered Accountants in England and Wales

Whitehead & Howarth 327 Clifton Drive South Lytham St Annes Lancashire FY8 1HN

27th May 2025

SCHOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31ST AUGUST 2024

for the Year Ended 31ST AUGUST 2024
Notes 31/8/24 31/8/23
Unrestricted Restricted
fttnd ftxnds
18,028 15,042
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities Nursery 361,116 13,116
provision 749
Total Total funds
funds

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HEYHOUSES CHURCH OF ENGLAND NURSERY

33,070 40,055
374,232 384,290
749 3,126
Investment income Unrestricted Restricted
408,051 427,471
Total fund
379,893		 funds
28,158
Notes 545
EXPENDITURE ON FIXED 545 592
Raising funds
Charitable activities Nursery 393,088 25,437 418,525 462,469
provision 393,633 25,437 419,070 463,061
Total ASSETS
Net gains/(losses) on investments (2,361) (1) (2,362) (4,352)
Intangible assets 7 4,320
NET INCOME/(EXPENDITURE) (16,101) 2,720 (13,381) (39,942)
RECONCILIATION OF FUNDS
Total funds brought forward		 325,273 6,280 331,553
546,240		 371,495
635,152
Tangible assets
TOTAL FUNDS CARRIED FORWARD 309,172 9,000 318,172
5,621
34,389		 8
331,553
5,167
51,292
SCHOOL LIMITED (REGISTERED NUMBER: 03658981 SCHOOL LIMITED (REGISTERED NUMBER: 03658981 72,377 10,337
BALANCE SHEET 31ST AUGUST 2024 31/8/24 31/8/23
541,920
Investments 9 Total Total
funds funds
546,240
CURRENT ASSETS
Stocks		 10 5,621 4,320
541,920		 4,860
557,965
Debtors 11 34,389 72,327
Cash at bank and in hand 63,377 9,000

The notes form part of these financial statements

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12 103,387 9,000 112,387 66,796
CREDITORS
Amounts falling due within one year (76,205) (76,205) (81,645)
———
27,182 9,000 36,182
NET CURRENT ASSETS (14,849)
TOTAL ASSETS LESS CURRENT 573,422 9,000 582,422
LIABILITIES 13 620,303
(264,250) (264,250)
CREDITORS
Amounts falling due after more than one year		 (288,750)
9,000
309,172 318,172
NET ASSETS 331,553
FUNDS 16
Unrestricted funds 309,172 325,273
Resfricted funds 9,000 6,280
318,172 331,553

Mr C E - Trustee

The notes form part of these financial statements

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1 ACCOUNTNG 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, with the exception of invesånents which are included at market value, as modified by the revaluation of certain assets.

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 ofthe 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Intangible fixed assets

Intangible fixed assets consists of bespoke computer software and is amortised over its estimated useful life of 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost price inclusive of directly attributable costs less cumulative depreciation, provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 2% on cost Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on cost

Fixed asset investments comprise investments in quoted and unquoted equity instruments which are measured at fair value. Changes in fair value are recognized in profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Government grants

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.

Taxation

The notes form part of these financial statements

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HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LMITED

NOTES TO THE FNANCIAL STATEMENTS the Year Ended 31ST AUGUST 2024

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.

1. ACCOUNTING POLICIES - continued

continued...

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HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL

NOTES TO FINANCIAL STATEMENTS - continued for the Year AUGUST 2024

Fund accounting

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

6.

3.

INVESTMENT INCOME
31/8/24 31/8/23
17
The average monthly number of employees during the year was as follows:
31/8/24 31/8/23
Nursery provision 18 20
No employees received emoluments in excess of E60,000.
Restricted Total
CONWARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES funds funds
Deposit account interest 749 3,109
Dividend income 749 3,126
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31/8/24 31/8/23
Independent examiners fees 4,057 2,700
Depreciation - owned assets 16,502 18,38
0
Deficit on disposal of fixed assets 865
540 540
Computer software amortisation

continued...

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HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the

Year Ended 31ST AUGUST 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no ffustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended

3 1 st August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023.

5. STAFF COSTS

NOTESTOTHE FINANCIALSTATEMENTS- continued for
YearEnded 31STAUGUST 2024		 for
Unrestricted
fund
provision
3,126 36,370 427,471
Investment income
391,101
Total
592
592
EXPENDITURE ON
Raising funds 31,590 462,469
7,924 40,055
INCOME AND ENDOWMENTS FROM 32,131
Donations and legacies 28,446 384,290
Charitable activities Nursery 355,844 3,126
Charitable activities 430,879 31,590 463,061
Nursery provision 431,471
Total
Net gains/(losses) on investments (4,352) (4,352)
NET NCOME/(EXPENDITURE) (44,722) 4,780 (39,942)

continued...

Page 26

HEYHOUSES CHURCH OF ENGLAND NURSERY ~~SCHOOL~~ LIMITED SCHOOL

SCHOOL
~~SCHOOL~~LIMITED		 SCHOOL
~~SCHOOL~~LIMITED		 SCHOOL
~~SCHOOL~~LIMITED
NOTES
TO THE FINANCIAL
STATEMENTS
the
Year
Ended 31ST
AUGUST 2024
NOTESTO THE FINANCIALSTATEMENTS -
~~the Year Ended 31ST AUGUST 2024~~		 STATEMENTS
-
continued for
continued for		 continued for
~~—_~~
RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS
Total funds brought forward 369,995 1,500 371,495
6,280
7. TOTAL FUNDS CARRIED FORWARD 325,273 331,553
INTANGIBLE FIXED ASSETS
Computer
software
COST
At 1st September 2023 and
3 1 st August 2024 5,400
8. AMORTISATION
NET BOOK VALUE
At 1st September 2023 540
At 31st August 2024
Charge for year		 541,920
529,902 11,292 726
9. At 31st August 2023
st August 2024		 543,375 12,830 1,760 557,965
1,080
FIXED ASSET INVESTMENTS
NET BOOK VALUE
At 31st August 2024		 Listed
investment
4,320
At 3 1 st August 2023 s
4,860
MARKET VALUE
At 1st September 2023
Disposals
Revaluations
TANGIBLE FIXED ASSETS		 Freehold Equipment,
fixtures		 72,327
(71,258)
(l ,069
)
premises & fittings Computer 540
Totals
equipment
At 3 1 st August 2024
COST		 712,471
At 1st September 2023 Additions 673,620 31,388 7,463 457
At 31 st August 2024 457 712,928
NET BOOK VALUE
DEPRECIATION		 673,620 31,845 7,463
At 3 1st August 2024
At 1st September 2023
Charge for year		 130,245 18,558 5,703 72,327
154,506
16,502
At 3 1st August 2023
At 31st August 2024		 13,473
143,718		 1,995
20,553		 1,034
6,737		 171,008
There were no investment assets outside the UK.
10. STOCKS
31/8/24 31/8/23

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Page 27

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

NOTES
TO THE
FINANCIAL STATEMENTS		 NOTES
TO THE
FINANCIAL STATEMENTS		 FINANCIAL STATEMENTS
-
continued		 continued
for the
Year Year
Ended
31ST AUGUST 2024
Stocks 5,621 5,167
11.
12. DEBTORS: AMOUNTS FALLNG DUE WITHIN ONE YEAR 31/8/24 31/8/23
Trade debtors 24,969 30,387
Other debtors 3,532 4,732
Prepayments and accrued Income 5,888
34,389 51,292
CREDITORS: AMOUNTS FALLNG DUE WITHN ONE YEAR
31/8/24 31/8/23
Other loans (see note 14) 24,500 24,500
Social security and other taxes 5,084 5.374
Other creditors 35,566 42,860
Accrued expenses 11,055 8,911
76,205 81,645
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
13.
31/8/24 31/8/23
Other loans (see note 14) 264,250 288,750
14.
LOANS
An analysis of the maturity of loans is given below:
31/8/24 31/8/23
Amounts falling due within one year on demand:
Lytham Schools loan 24,500 24,500
Amounts falling due between two and five years: Amounts falling due between two and five years:
Lytham Schools loan 98,000 98,000
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal 166,250 190,750
15. SECURED DEBTS

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Page 28

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2024

31/8/24 31/8/23

The following secured debts are included within creditors:

continued...

Page 29

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED SCHOOL LIMITED

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTScontinued continued for the for

the Year Year Ended Ended 31ST AUGUST 2024 31ST AUGUST 2024 ~~

Lytham Schools loan 288,750 313,250

The loan is secured by way of a fixed and floating charge over the assets of the charitable company.

16. MOVEMENT IN FUNDS

16. Net
movement
At 1.9.23 in funds 31.8.24
Unrestricted
General fund		 funds 325,273 (16,101) 309,172
6,280
Restricted funds
Holiday Club Fund		 331,553 2,720 9,000
TOTAL FUNDS (13,381) 318,172
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
(1)
(2,362)
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 379,893 (393,633) (2,361) (16,101)
Restricted funds
Restricted funds 15,042 (15,041) (1)
Holiday Club Fund

continued...

Page 30

HEYHOUSES CHURCH OF ENGLAND NURSERY

SCHOOL LIMITED SCHOOL LIMITED

NOTES TO THE FINANCIAL
STATEMENTS
the
Year
Ended 31ST
AUGUST 2024
N~~OTES TO THE FINANCIAL STATEMENTS- ~~
~~_the Year Ended 31ST AUGUST 2024~~		 NOTES TO THE FINANCIAL
STATEMENTS
the
Year
Ended 31ST
AUGUST 2024
N~~OTES TO THE FINANCIAL STATEMENTS- ~~
~~_the Year Ended 31ST AUGUST 2024~~		 STATEMENTS
-
continued for
~~continued for __~~		 46,396) - —25720
28,158 (25,437)2,720
TOTAL FUNDS 408,051 (419,070)(13,381)
Comparatives for movement in funds
Net
movement
At 1.9.22 in funds 31.8.23
Unrestricted funds
General fund 369,995 (44,722) 325,273
Restricted funds
Holiday Club Fund 1,500 4,780 6,280
TOTAL FUNDS 371,495 (39,942) 331,553

Comparative net movement in funds, included in the above are as follows:

Incoming Resources resources Gains and Incoming Resources resources Gains and Incoming Resources resources Gains and Movement
expended losses in funds
Unrestricted funds
General fund 391,101 (431,471) (4,352) (44,722)
Restricted funds
(4,352)
Holiday Club Fund 36,370 (31,590) 4,780
TOTAL FUNDS 427,471 (463,061) (39,942)
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement 31.8.24
At 1.9.22 in funds
Unrestricted funds 309,172
369,995 (60,823)
General fund
1,500
Restricted funds 371,495 9,000
7,500
Holiday Club Fund
318,172
(53,323)

TOTAL FUNDS

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

continued...

Page 31

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

NOTES
TO THE
FINANCIAL STATEMENTS		 NOTES
TO THE
FINANCIAL STATEMENTS		 FINANCIAL STATEMENTS
-
continued
for the
Year Year
Ended
31ST AUGUST 2024
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 770,994 (825,104) (6,713) (60,823)
Restricted funds
Restricted funds 15,042 (15,041) (1)
Holiday Club Fund 49,486 (41,986) 7,500
SCHOOL SCHOOLLIMITED
NOTES NOTESTO THE FINANCIALSTATEMENTS- continued for
theYearEnded31STAUGUST2024 ——_ — ——=
64,528 (57,027)7,500 a)
TOTAL FUNDS 835,522 (882,131)(53,323) (6,714
(6,714
)

17. RELATED PARTY DISCLOSURES

Trustees of Heyhouses C of E Nursery School Ltd hold other frusteeships in other organisations and transactions with these organisations are as follows.

The charity granted a loan to Pod@Heyhouses CIO, the amount outstanding at 31/08/2024 was E3,531

During the year, the charity received donations totalling E69,066 (2023: E49,945) from The Lytham Schools Foundation.

In 2014, the charity was granted a E540,000 loan by The Lytham Schools Foundation. The amount outstanding at 31/08/2024 was 288,750 (2023:£33 13,250).

continued...

Page 32

HEYHOUSES CHURCH OF ENGLAND NURSERY

NOTES TO THE FNANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2024

  1. RESTRICTED FUNDS

Holiday Club Fund

Nursery managers successfully applied to the Lytham Schools Foundation for a grant to offer a Summer Holiday Club to nursery children who were identified by managers and key workers as 'in need' of additional support. The Holiday Club activities were tailored to the children who were invited to attend in order to address or boost support for poor communication, socialisation or personal development skills. The aim was to increase confidence and enable children to become more engaged and enthusiastic learners.

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL

LIMITED

19. CONTROLLING PARTY

The charitable company is controlled by the director trustees.

HEYHOUSES CHURCH OF ENGLAND NURSERY SCHOOL LIMITED

NOTES TO THE FNANCIAL STATEMENTS - continued for the Year Ended 31ST AUGUST 2024

Page 20