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 2025
Calder Valley Steiner Education Ltd
Annual Report and Financial Statements for the year ended 31 August 2025
| 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 2025
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 Dates
Name Position Dates Marilyn Edwards Richard Bunzl Ingrid Lihou Jayne Barbour Appointed 1 May 2025 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.
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Calder Valley Steiner Education Ltd
Trustees' report (continued) for the year ended 31 August 2025
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.
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 continued to run one Nursery group alongside weekly Stay and Play sessions for young children accompanied by an adult. Pupil numbers in the Nursery were steady throughout the year. Stay and Play was well attended and greatly appreciated. It also acts as a feeder for the Nursery. Seasonal festivals were celebrated by children and families through the year, and were much appreciated by both parents and children. These festivals were also an important part of the community building work of CVSE.
Financial review
The net income for the year was £12,627 wholly on unrestricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £22,254.
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. However due to the on-
going financial challenges the charity faces it has only been able to meet this policy as a result of a significant generous donation. The trustees are aware of this and are seeking ways to improve the financial position of the Charity. They have undertaken a major restructure through renaming the kindergarten a nursery, and admitting two-year-olds, as well as three- and four-year olds. This has given the Charity access to additional government funding, as well as increasing the catchment of children.
The lack of financial reserves creates some material uncertainty, and is an on-going concern for the trustees, but there continues to be good and potentially increasing demand for our provision, as outlined above in relation to accessing the new two-year-old funding, and this comes with local authority funding. The trustees are also looking to relocate the operation to a more central and accessible location within the Calder Valley. In doing so, it is believed this will enable more families to access our provision.
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Calder Valley Steiner Education Ltd
Trustees' report (continued) for the year ended 31 August 2025
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 11/5/2026
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 2025, 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.
Signed: …………………………………… Name: Alan Dodd FCCA
19/5/2026
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 2025
| Notes Income from: Grants and donations (2) Nursery fees Room hire Total income Expenditure on: Salaries and NI (3) Payroll and pension expenses Supply staff Rent and rates Fundraising expenses Publications and subscriptions Insurance School inspection service Legal and professional fees Printing, photocopying and stationery Independent examination Staff training Kindergarten expenses Utilities St. John maintenance and building work Depreciation Gifts Bank charges Telephone and internet Staff travel Garden Charitable donations Total expenditure Net income / (expenditure) Fund balances brought forward Fund balances carried forward |
2025 Total funds £ 89,668 7,069 700 97,437 47,956 666 1,540 - - 237 2,209 35 539 239 840 1,873 8,469 7,379 2,342 4,605 262 218 1,341 3,084 845 131 84,810 12,627 132,702 145,329 |
restated 2024 Total funds £ 49,681 13,481 - 63,162 45,478 491 1,721 135 37 220 1,129 - 178 739 840 343 8,325 13,465 2,054 4,605 455 254 1,282 3,027 846 447 86,071 (22,909) 155,611 132,702 |
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Calder Valley Steiner Education Ltd
Balance sheet
| Balance sheet as at 31 August 2025 Fixed assets Tangible assets (4) Total fixed assets Current assets Debtors and prepayments (5) Cash at bank and in hand (6) Total current assets Current liabilities: amounts falling due within one year Creditors and accruals (7) Total current liabilities Net current assets / (liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (8) Net assets Funds Unrestricted funds Restricted funds Total funds |
2025 Total £ 311,285 311,285 1,313 36,402 37,715 15,461 15,461 22,254 333,539 188,210 145,329 145,329 - 145,329 |
restated 2024 Total £ 315,890 315,890 469 11,100 11,569 18,747 18,747 (7,178) 308,712 176,010 132,702 132,702 - 132,702 |
|---|---|---|
For the year ending 31 August 2025 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 11/5/2026
Marilyn Edwards (Trustee)
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Calder Valley Steiner Education Ltd
Notes to the accounts
for the year ended 31 August 2025
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. For the previous year, accruals and net current liabilities have been increased by £720 and net assets and unrestricted funds decreased by £720.
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.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
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 2025
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 2025
| 2 Grants and donations CMBC - Children and Young People Services Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2025 Total funds £ 53,940 35,728 89,668 2025 £ 47,348 2,594 (2,594) 608 47,956 |
2024 Total funds £ 49,681 - 49,681 2024 £ 44,892 1,970 (1,970) 586 45,478 |
|---|---|---|
The average number of employees during the year was 3, being an average of 2.5 full time equivalent (2024: 3.8, 2.4 FTE). There were no employees with emoluments above £60,000.
| **4 ** | Defined contribution pension scheme Costs of the scheme to the charity for the year Tangible assets Cost At 1 September 2024 Additions At 31 August 2025 Depreciation At 1 September 2024 Charge for year At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 |
£ 150,000 - 150,000 - - - 150,000 150,000 Freehold land |
£ 2,284 - 2,284 2,284 - 2,284 - - Fixtures & fittings |
2025 £ 608 £ 230,212 - 230,212 64,322 4,605 68,927 161,285 165,890 Freehold building & associated costs |
2024 £ 586 Total £ 384,780 - 384,780 68,890 4,605 73,495 311,285 315,890 |
|---|---|---|---|---|---|
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Calder Valley Steiner Education Ltd
Notes to the accounts continued
for the year ended 31 August 2025
| 5 Debtors and prepayments Other debtors 6 Cash at bank and in hand Cash at bank 7 Creditors and accruals Accruals Deferred income (see note below for analysis) Taxation and social security Other creditors |
2025 £ 1,313 1,313 2025 £ 36,402 36,402 2025 £ 840 13,812 521 288 15,461 |
2024 £ 469 469 2024 £ 11,100 11,100 2024 restated £ 1,560 16,782 405 - 18,747 |
|---|---|---|
Deferred income is funding received from Calderdale Council in respect of early years provision for the following academic year.
| 8 Creditors: amounts falling due after one year Loans |
2025 £ 188,210 188,210 |
2024 £ 176,010 176,010 |
|---|---|---|
Security over assets
A loan of £100,000 is secured against the St. John’s building in Cragg Vale. Additional loans totalling £88,210 are unsecured.
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Calder Valley Steiner Education Ltd
Notes to the accounts continued
for the year ended 31 August 2025
9 Related party transactions
Donations from trustees and related parties
The total aggregate value of unconditional donations to the charity from the trustees or related parties was £35,728 (2024: £nil).
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 £14,628 (previous year: £14,152).
Other related party transactions
| Loans Name of trustee or related party Legal authority Richard Bunzl - interest-free loans to the charity Governing document 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 |
2025 £ 188,210 188,210 2025 £ 1,400 1,400 |
2024 £ 176,010 176,010 2024 £ 1,320 1,320 |
|---|---|---|
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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 2025
| 2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 89,668 - Nursery fees 7,069 13,481 Room hire 700 - Total income 97,437 13,481 Expenditure Salaries and NI 47,956 236 Payroll and pension expenses 666 491 Supply staff 1,540 1,721 Rent and rates - 135 Fundraising expenses - 37 Publications and subscriptions 237 185 Insurance 2,209 25 School inspection service 35 - Legal and professional fees 539 178 Printing, photocopying & stationery 239 739 Independent examination 840 840 Staff training 1,873 343 Kindergarten expenses 8,469 5,025 Utilities 7,379 13,465 St. John maintenance/building work 2,342 2,054 Depreciation 4,605 4,605 Gifts 262 455 Bank charges 218 254 Telephone and internet 1,341 1,282 Staff travel 3,084 3,027 Garden 845 846 Charitable donations 131 447 Total expenditure 84,810 36,390 Net income / (expenditure) 12,627 (22,909) Transfers between funds - - Net movement in funds 12,627 (22,909) Fund balances brought forward 132,702 155,611 Fund balances carried forward 145,329 132,702 |
2025 Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
2024 Restricted funds £ 49,681 - - 49,681 45,242 - - - - 35 1,104 - - - - - 3,300 - - - - - - - - - 49,681 - - - - |
2025 Total funds £ 89,668 7,069 700 97,437 47,956 666 1,540 - - 237 2,209 35 539 239 840 1,873 8,469 7,379 2,342 4,605 262 218 1,341 3,084 845 131 84,810 12,627 - 12,627 132,702 145,329 |
2024 Total funds £ 49,681 13,481 - 63,162 45,478 491 1,721 135 37 220 1,129 - 178 739 840 343 8,325 13,465 2,054 4,605 455 254 1,282 3,027 846 447 86,071 (22,909) - (22,909) 155,611 132,702 |
|---|---|---|---|---|
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