Calder Valley Steiner Education Ltd
Charity number 1090119
A company limited by guarantee number 04293968
Annual Report and Financial Statements
for the year ended 31 August 2024
Calder Valley Steiner Education Ltd
Annual Report and Financial Statements for the year ended 31 August 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 13 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Calder Valley Steiner Education Ltd
Trustees' report for the year ended 31 August 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position
Marilyn Edwards Secretary Richard Bunzl Ingrid Lihou Charity number 1090119 Registered in England and Wales Company number 04293968 Registered in England and Wales
Registered and principal address Bankers Calder Valley Steiner School National Westminster Bank Plc Church Bank Lane 2 Crown Street Cragg Vale Hebden Bridge Halifax HX7 8EB HX7 5TF
Independent examiner
Alan Dodd FCCA
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 26 September 2001. It is governed by a memorandum and articles of association which were amended by special resolution dated 7 December 2001 and revised on 27 July 2009 for change of name and by special resolution dated 26 March 2010. The company was formally known as Hebden Bridge Steiner Education Initiative Ltd. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
Objectives and activities
The charity's objects
To promote and provide for the advancement of education of the public in teachings of the late Dr. Rudolf Steiner and in connection therewith to conduct in the United Kingdom any boarding or day school or schools for the education of children.
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Calder Valley Steiner Education Ltd
Trustees' report (continued) for the year ended 31 August 2024
Objectives and activities (continued)
The charity's main activities
The charity is registered to provide early years education for children up to the age of five years old.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education. We actively work with parents and children, and through our membership of the Waldorf UK (formerly known as the Steiner Waldorf Schools Fellowship), are part of a world-wide educational movement. We organise community-building festival events, and have also offered placement and work-experience opportunities for students.
Achievements and performance
During the year, the Charity ran one nursery group (previously known as the kindergarten) as well as a weekly parent and child session, renamed as Stay and Play. The nursery group began accepting more two-year-olds in September 2023, and we have been able to receive the government’s new funding offer for this age. The two-year-olds have attended sessions alongside the three-year-olds, and some four-year-olds. Staff and trustees have received additional training to accommodate the change in age range of those children attending. The numbers of children on role attending the nursery has been steady, with a balance of different ages. The Stay and Play sessions have been very well attended and much appreciated by parents, grand parents, guardians and other carers. Celebrations of seasonal festivals have been maintained through the year, with parents being invited to celebrate the principal festivals and events. These festival gatherings are much valued by parents.
Financial review
The net expenditure for the year was £22,189, wholly on unrestricted funds.
The charity has secured an on-going extension to the interest free loan from a trustee which they have against the St. John’s building. This does not need to be repaid unless the St. John’s building is sold. The lender is aware that the loan has not been registered on Companies House as a Charge, and therefore may not be legally enforceable. Nevertheless, the St. John’s building has also had a commercial valuation which indicates that the Charity still has significant assets in the building.
Reserves policy
The charity had no free reserves at the year end.
The reserves policy is to aim towards maintaining a level of unrestricted funds to cover three months running costs to ensure activities continue while seeking alternative funding.
The trustees are aware that the charity has for several years been unable to adhere to its aimed Reserves Policy. Last year the trustees instigated significant changes to the business model by extending the age range of children in the nursery to include 2-year-olds in the hope of stabilising the financial position. While in theory, 2-year-olds receive higher funding from the government, having run this new model, it is evident that this does not generate more income for the charity. The trustees are now exploring other options to protect the remaining funds of the charity. This includes making future financial projections and making decisions regarding the future direction of the charity based on these.
However the trustees are of the opinion that the charity is a going concern, despite ongoing deficits, due to the asset valuation and linked trustee support in that the loan will not be called in unless the charity ceases to comply with its objects.
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Calder Valley Steiner Education Ltd
Trustees' report (continued) for the year ended 31 August 2024
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 1/5/2025
Marilyn Edwards (Trustee)
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Calder Valley Steiner Education Ltd
Independent examiner's report to the trustees of Calder Valley Steiner Education Ltd
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024, which are set out on pages 6 to 13.
Responsibilities and basis of report
As the charity's trustees of the charitable 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 charitable 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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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
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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
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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.
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Signed: …………………………………… Name: Alan Dodd FCCA
15/5/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Calder Valley Steiner Education Ltd
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 August 2024
| Notes 2024 Unrestricted funds £ Income from: Grants and donations (2) - Kindergarten and nursery fees 13,481 Room hire - Total income 13,481 Expenditure on: Salaries and NI (3) 236 Payroll and pension expenses 491 Supply staff 1,721 Rent and rates 135 Fundraising expenses 37 Publications and subscriptions 185 Insurance 25 School inspection service - Legal and professional fees 178 Printing, photocopying and stationery 739 Independent examination 120 Staff training 343 Kindergarten expenses 5,025 Utilities 13,465 St. John maintenance and building work 2,054 Depreciation 4,605 Gifts 455 Bank charges 254 Telephone and internet 1,282 Staff travel 3,027 Garden 846 Charitable donations 447 Total expenditure 35,670 Net income / (expenditure) (22,189) Fund balances brought forward 155,611 Fund balances carried forward (4) 133,422 |
2024 Restricted funds £ 49,681 - - 49,681 45,242 - - - - 35 1,104 - - - - - 3,300 - - - - - - - - - 49,681 - - - |
2024 Total funds £ 49,681 13,481 - 63,162 45,478 491 1,721 135 37 220 1,129 - 178 739 120 343 8,325 13,465 2,054 4,605 455 254 1,282 3,027 846 447 85,351 (22,189) 155,611 133,422 |
2023 Total funds £ 42,600 9,326 149 52,075 43,605 378 2,746 106 - 486 941 35 53 364 900 2,426 5,662 8,355 1,757 4,605 190 238 1,055 2,924 59 101 76,986 (24,911) 180,522 155,611 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Calder Valley Steiner Education Ltd
Balance sheet
| as at 31 August 2024 2024 Unrestricted £ Fixed assets Tangible assets (5) 315,890 Total fixed assets 315,890 Current assets Debtors and prepayments (6) 469 Cash at bank and in hand 11,100 Total current assets 11,569 Current liabilities: amounts falling due within one year Creditors and accruals (7) 18,027 Total current liabilities 18,027 Net current assets / (liabilities) (6,458) Total assets less current liabilities 309,432 Creditors: amounts falling due after one year (8) 176,010 Net assets 133,422 Funds Unrestricted funds 133,422 Restricted funds - Total funds 133,422 |
2024 Restricted £ - - - - - - - - - - - - - - |
2024 Total £ 315,890 315,890 469 11,100 11,569 18,027 18,027 (6,458) 309,432 176,010 133,422 133,422 - 133,422 |
2023 Total £ 320,495 320,495 - 10,525 10,525 11,699 11,699 (1,174) 319,321 163,710 155,611 155,611 - 155,611 |
|---|---|---|---|
For the year ending 31 August 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 1/5/2025
Marilyn Edwards (Trustee)
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Calder Valley Steiner Education Ltd
Notes to the accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Tangible fixed assets
Tangible fixed assets costing more than £5,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Freehold land: nil Freehold buildings: over 50 years Fixtures and fittings: 15% straight line basis to nil Equipment: 20% straight line basis to nil
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Calder Valley Steiner Education Ltd
Notes to the accounts
for the year ended 31 August 2024
1 Accounting policies continued
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Calder Valley Steiner Education Ltd
Notes to the accounts continued
for the year ended 31 August 2024
| 2 Grants and donations 2024 Unrestricted funds £ CMBC - Children and Young People Services - Other donations - - 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2024 Restricted funds £ 49,681 - 49,681 |
2024 Total funds £ 49,681 - 49,681 2024 £ 44,892 1,970 (1,970) 586 45,478 |
2023 Total funds £ 42,590 10 42,600 2023 £ 43,046 1,756 (1,756) 559 43,605 |
|---|---|---|---|
The average number of employees during the year was 3.8, being an average of 2.4 full time equivalent (2023: 3.9, 2.3 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ CMBC: Early Education Fund - - |
Incoming £ 49,681 49,681 |
Outgoing £ 49,681 49,681 |
2024 £ 586 Transfers £ - - |
2023 £ 559 Balance c/f £ - - |
|---|---|---|---|---|
Fund name Purpose of restriction
CMBC: Early Education Fund For the supply of free early years provision for 2 to 4 year olds.
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Calder Valley Steiner Education Ltd
Notes to the accounts continued
for the year ended 31 August 2024
| 5 6 **7 ** |
Tangible assets Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for year At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 Debtors and prepayments Other debtors Creditors and accruals Accruals Deferred income (see note below for analysis) Taxation and social security Other creditors |
£ 150,000 - 150,000 - - - 150,000 150,000 Freehold land |
£ 2,284 - 2,284 2,284 - 2,284 - - Fixtures & fittings |
£ 230,212 - 230,212 59,717 4,605 64,322 165,890 170,495 2024 £ 469 469 2024 £ 840 16,782 405 - 18,027 Freehold building & i t d |
Total £ 382,496 - 382,496 62,001 4,605 66,606 315,890 320,495 2023 £ - - 2023 £ 720 10,789 122 68 11,699 |
|---|---|---|---|---|---|
Deferred income is funding received from Calderdale Council in respect of early years provision for the following academic year.
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Calder Valley Steiner Education Ltd
Notes to the accounts continued
for the year ended 31 August 2024
| 8 Creditors: amounts falling due after one year Loans |
2024 £ 176,010 176,010 |
2023 £ 163,710 163,710 |
|---|---|---|
Security over assets
A loan of £100,000 is secured against the St. John’s building in Cragg Vale. Additional loans totalling £76,010 are unsecured.
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £12,956 (previous year: £13,283).
Other related party transactions
| Loans from related parties Name of trustee or related party Richard Bunzl - interest-free loan to the charity Other transactions with trustees or related parties Ingrid Lihou Trustee Services as a supply teacher Name of trustee or related party Relationship to charity Description of transaction |
2024 £ 176,010 176,010 2024 £ 1,320 1,320 |
2023 £ 163,710 163,710 2023 £ 1,360 1,360 |
|---|---|---|
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Calder Valley Steiner Education Ltd
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 August 2024
| 2024 2023 Unrestricted Unrestricted funds funds £ £ Income Grants and donations - 10 Kindergarten and nursery fees 13,481 9,326 Room hire - 149 Total income 13,481 9,485 Expenditure Salaries and NI 236 6,654 Payroll and pension expenses 491 252 Supply staff 1,721 1,812 Rent and rates 135 106 Fundraising expenses 37 - Publications and subscriptions 185 486 Insurance 25 - School inspection service - - Legal and professional fees 178 53 Printing, photocopying and stationery 739 273 Independent examination 120 900 Staff training 343 2,331 Kindergarten expenses 5,025 4,779 Utilities 13,465 6,255 St. John maintenance and building w 2,054 1,757 Depreciation 4,605 4,605 Gifts 455 190 Bank charges 254 238 Telephone and internet 1,282 875 Staff travel 3,027 2,670 Garden 846 59 Charitable donations 447 101 Total expenditure 35,670 34,396 Net income / (expenditure) (22,189) (24,911) Fund balances brought forward 155,611 180,522 Fund balances carried forward 133,422 155,611 |
2024 Restricted funds £ 49,681 - - 49,681 45,242 - - - - 35 1,104 - - - - - 3,300 - - - - - - - - - 49,681 - - - |
2023 Restricted funds £ 42,590 - - 42,590 36,951 126 934 - - - 941 35 - 91 - 95 883 2,100 - - - - 180 254 - - 42,590 - - - |
2024 Total funds £ 49,681 13,481 - 63,162 45,478 491 1,721 135 37 220 1,129 - 178 739 120 343 8,325 13,465 2,054 4,605 455 254 1,282 3,027 846 447 85,351 (22,189) 155,611 133,422 |
2023 Total funds £ 42,600 9,326 149 52,075 43,605 378 2,746 106 - 486 941 35 53 364 900 2,426 5,662 8,355 1,757 4,605 190 238 1,055 2,924 59 101 76,986 (24,911) 180,522 155,611 |
|---|---|---|---|---|
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