## 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**
1
## 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.
2
## 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.
3
## 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)
4
## 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:
- 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.
Signed: …………………………………… Name: Alan Dodd FCCA
15/5/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## 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.
6
## 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)
7
## 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
8
## 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.
9
## 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.
10
## 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.
11
## 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|
|---|---|---|
12
## 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|
|---|---|---|---|---|
13