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2024-03-31-accounts

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

REGISTERED COMPANY NUMBER: 04150566 (England and Wales) REGISTERED CHARITY NUMBER: 1089101

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LORD WILLIAMS'S SCHOOL DAY NURSERY

Seymour Taylor Limited First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP11 2EE

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5 to 6
Notes to the Financial Statements 7 to 12
----- End of picture text -----

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 31 March 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

Principal Activities and Charitable Objects

The charity's principal activities and charitable objects are "to enhance the development and education of children under statutory school age in Thame, Oxfordshire, in any manner which is deemed by law to be charitable."

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity provided nursery care for children below school age during the year.

There are no plans for either contraction or expansion and the trustees consider that the objects of the charity have been achieved during the year.

A valuable contribution has been made by volunteers consisting of members serving on the management committee and the fundraising sub-committee.

FINANCIAL REVIEW

Statement of Policies

The charity has no policy of investing funds. Sufficient reserves are held to cover the charity's operating requirements.

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

Trustees are recruited from the management committee and/or members as required and are appointed by members at the AGM.

Any individual interested in promoting the objects of the charity, who is acceptable to the trustees, is entitled to become a member.

One parent of each child attending the nursery is automatically entitled to be a member.

Organisational structure

Strategy is decided by the trustees and then implemented by a management committee and sub-committees, which consist of members and parents.

The trustees may sit on any committee and should receive reports on any actions taken by each committee.

The day-to-day running of the nursery is the responsibility of the nursery manager and her deputy, who make recommendations to, and take their instructions from, the management committee.

Relationships with Other Organisations

The charity co-operates closely with Lord Williams's School.

Risk management

The trustees 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.

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Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04150566 (England and Wales)

Registered Charity number

1089101

Registered office

First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP11 2EE

Trustees

Dr A Clark Mrs G M Emerson Mrs S Nicholson Mr M R Watson (appointed 17/7/2023)

Company Secretary

Independent Examiner

Seymour Taylor Limited First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP11 2EE

Approved by order of the board of trustees on 26 March 2025 and signed on its behalf by:

Dr A Clark - Trustee

Page 2

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LORD WILLIAMS'S SCHOOL DAY NURSERY

Independent examiner's report to the trustees of Lord Williams's School Day Nursery ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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 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

Since your charity's gross income exceeded £250,000 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.

Timothy Fulker BSc FCA

Seymour Taylor Limited First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP11 2EE

26 March 2025

Page 3

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Educational
357,399
Other trading activities
3
2,507
Investment income
4
230
Total
360,136
EXPENDITURE ON
Charitable activities
General
6,989
Educational
349,041
Other
5,150
Total
361,180
NET INCOME/(EXPENDITURE)
(1,044)
RECONCILIATION OF FUNDS
Total funds brought forward
74,221
TOTAL FUNDS CARRIED FORWARD
73,177		 2023
Total
funds
£
304,477
990
46
305,513
-
340,344
7,870
348,214
(42,701)
116,922
74,221

The notes form part of these financial statements

Page 4

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

STATEMENT OF FINANCIAL POSITION 31 MARCH 2024

2024
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
20,968
CURRENT ASSETS
Stocks
9
1,625
Debtors
10
26,296
Cash at bank and in hand
47,372
75,293
CREDITORS
Amounts falling due within one year
11
(23,084)
NET CURRENT ASSETS
52,209
TOTAL ASSETS LESS CURRENT
LIABILITIES
73,177
NET ASSETS
73,177
FUNDS
13
Unrestricted funds
73,177
TOTAL FUNDS
73,177		 2023
Total
funds
£
23,600
1,625
34,665
36,812
73,102
(22,481)
50,621
74,221
74,221
74,221
74,221

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 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 26 March 2025 and were signed on its behalf by:

Dr A Clark - Trustee

The notes form part of these financial statements

Page 6

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. GENERAL INFORMATION

Lord Williams's School Day Nursery is a charitable company limited by guarantee and incorporated in England and Wales. The address of the charitable company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered company number is 04150566 and the registered charity number is 1089101.

The principal activities of the charity are as disclosed within the Report of the Trustees on pages 1 to 2.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates. All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. 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.

Plant and machinery - reducing balance - 25% Fixtures and fittings - reducing balance - 25% Equipment and toys - reducing balance - 25%

Stocks

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

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.

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Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

During the year the charitable company did not hold any restricted funds.

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.

3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examiner's fees
Depreciation - owned assets
6.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pension contributions to money purchase schemes		 2024
£
2,507
2024
£
230
2024
£
2,350
6,989
2024
£
40,418
4,322
1,025
45,765		 2023
£
990
2023
£
46
2023
£
2,550
7,864
2023
£
38,615
4,300
971
43,886

The trustees' remuneration is in respect of one (2023 - one) trustees, being Mrs S Nicholson, for services as the Nursery Manager of the charity.

Page 8

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

LORD WILLIAMS'S SCHOOL DAY NURSERY

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were trustees' reimbursed expenses paid in the year of £51 (2023 - £73).

7. STAFF COSTS

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

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |Employees|14|18|

----- End of picture text -----

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

8. TANGIBLE FIXED ASSETS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Fixtures| |Plant and|and|Equipment| |machinery|fittings|and toys|Totals| |£|£|£|£| |COST| |At 1 April 2023|5,724|61,346|48,781|115,851| |Additions|-|-|4,357|4,357| |At 31 March 2024|5,724|61,346|53,138|120,208| |DEPRECIATION| |At 1 April 2023|5,457|44,320|42,474|92,251| |Charge for year|67|4,256|2,666|6,989| |At 31 March 2024|5,524|48,576|45,140|99,240| |NET BOOK VALUE| |At 31 March 2024|200|12,770|7,998|20,968| |At 31 March 2023|267|17,026|6,307|23,600| |STOCKS| |2024|2023| |£|£| |Stocks|1,625|1,625|

----- End of picture text -----

9. STOCKS

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Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 26,296 33,963
Other debtors - 702
26,296 34,665
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 528 3,500
Social security and other taxes 3,698 1,451
Other creditors 1,264 913
Accruals and deferred income 17,594 16,617
23,084 22,481
12. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
-
Within one year 3,417
Amounts charged to the Income Statement in respect of operating leases is as follows:
2024 2023
£ £
Operating leases 8,200 8,200
13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 74,221 (1,044) 73,177
TOTAL FUNDS 74,221 (1,044) 73,177
----- End of picture text -----

Page 10

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
360,136
360,136		 Resources
Movement
expended
in funds
£
£
(361,180)
(1,044)
(361,180)
(1,044)

Comparatives for movement in funds

At 1.4.22
£
Unrestricted funds
General fund
116,922
TOTAL FUNDS
116,922
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
305,513
TOTAL FUNDS
305,513		 Net
movement
At
in funds
31.3.23
£
£
(42,701)
74,221
(42,701)
74,221
Resources
Movement
expended
in funds
£
£
(348,214)
(42,701)
(348,214)
(42,701)

14. RELATED PARTY DISCLOSURES

During the year the charity paid £8,200 (2023 - £8,200) in rent to Lord Williams's School, with which it closely operates.

Page 11

Docusign Envelope ID: 812CC646-5AEC-49FF-B916-8B58BFA8BFA5

LORD WILLIAMS'S SCHOOL DAY NURSERY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. ULTIMATE CONTROLLING PARTY

The charity is controlled by the directors who are also the trustees.

Page 12