**REGISTERED COMPANY NUMBER: 05096729 (England and Wales) REGISTERED CHARITY NUMBER: 1104608**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **FOR**
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 July 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**||14||
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
**REPORT OF THE TRUSTEES for the Year Ended 31 July 2025**
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 July 2025. 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**
## **Objectives and Activities**
The object of the Charity is to enhance the development and education of children under statutory school age.
The sole charitable objective is achieved through the following activities: - the provision of nursery education for pre-school children from the age of two years and six months to school age. Forty part time places are available.
- the provision of appropriate play, educational and care facilities to meet OFSTED and Early Years Alliance standards.
- the training of staff to the appropriate levels to meet the needs of the children.
The Trustees confirm that they have had regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable Activities**
The last 12 months have required continued determination and dedication to navigate the commercial landscape. The management team have performed a excellent job of navigating a change of leadership at Brookhurst Primary School to which we share facilities and services.
The nursery has also invested in improving the setting and have worked with WDC to improve the condition of the rented building. However we are keen that this building is replaced in the near future due to it reaching the end of its serviceable lifespan.
## **FINANCIAL REVIEW**
## **Reserves Policy**
The Board of Trustees continually review and discuss the Charity's need for reserves.
The charity’s intention is to continue to build-up cash reserves and the situation will be closely monitored going forwards over the next year.
## **FUTURE PLANS**
Over the past 12 months we have continued to build numbers and continually strive to reach 100% capacity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
Caterpillar Nursery (Leamington Spa) Limited is a company limited by guarantee and governed by its Memorandum and Articles of Association dated 6th April 2004. It is also registered with the Charity Commission.
## **Charity constitution**
On the following date: 20 Aug 2025; The following Special Resolution was passed: to change the nursery membership from elected school governors of Brookhurst to members only being the director/ trustees of the nursery.
Page 1
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
**REPORT OF THE TRUSTEES for the Year Ended 31 July 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and Appointment of New Trustees**
As set out in the Articles of Association, Chairperson, Treasurer, Secretary and other Executive Committee Trustees are elected annually attending the Annual General Meeting.
Trustees serve a period of one year, after which they may stand for re-election. The existing Trustees have the power to co-opt additional Trustees to fill vacancies as they become available.
The new Trustees may serve for the period up to the date of the next AGM when they may be formally elected. The Executive Committee has regard to the requirement for any specialist skills needed.
## **Organisational Structure**
The Executive Committee, which can consist of between five and twelve members, administers the Charity. Executive Committee meetings are normally held every half term. The Nursery Manager is appointed by the Trustees to manage the day-to-day operations of the Charity.
## **Induction and Training of New Trustees**
New Trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the Executive Committee, the decision-making processes and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
05096729 (England and Wales)
## **Registered Charity number**
1104608
## **Registered office**
Ullswater Avenue Leamington Spa Warwickshire CV32 6NH
## **Trustees**
J Cannon A Foster (resigned 1.8.25) R Nash V Maclean (appointed 14.8.25)
## **Independent Examiner**
D Rogers Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
## **Nursery Manager**
M Hardy Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 2
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
**REPORT OF THE TRUSTEES for the Year Ended 31 July 2025**
................................................................. J Cannon - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **Independent examiner's report to the trustees of Caterpillar Nursery (Leamington Spa) Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025.
## **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**
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.
D Rogers
Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
Date: .............................................
Page 4
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 July 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Nursery
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Nursery
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
173,366
269
173,635
145,943
27,692
31,578
59,270|Restricted
funds
£
3,914
-
3,914
3,914
-
-
-|2025
Total
funds
£
177,280
269
177,549
149,857
27,692
31,578
59,270|2024
Total
funds
£
146,412
-|
|---|---|---|---|---|
|||||146,412|
|||||126,927|
|||||19,485
12,093|
|||||31,578|
The notes form part of these financial statements
Page 5
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **BALANCE SHEET 31 July 2025**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
3,912
-
**CURRENT ASSETS**
Cash at bank
71,270
8,586
**CREDITORS**
Amounts falling due within one year
8
(15,912)
(8,586)
**NET CURRENT ASSETS**
55,358
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
59,270
-
**CREDITORS**
Amounts falling due after more than one year
9
-
-
**NET ASSETS**
59,270
-
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|2025
Total
funds
£
3,912
79,856
(24,498)
55,358
59,270
-
59,270
59,270
59,270|2024
Total
funds
£
7,826
43,304
(15,188)
28,116
35,942
(4,364)
31,578
31,578
31,578|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
**BALANCE SHEET - continued 31 July 2025**
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
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 ............................................. and were signed on its behalf by:
.............................................
J Cannon - Trustee
The notes form part of these financial statements
Page 7
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 July 2025**
## **1. 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**
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Short leasehold|- 20% on cost|
|---|---|
|Fixtures and fittings|- 25% on cost|
|Equipment|- 25% on cost|
## **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.
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.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Loans and borrowings**
Page 8
continued...
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025**
## **1. ACCOUNTING POLICIES - continued**
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
## **Going concern**
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to operate. If this were not the case adjustments would be required so that assets reflect their recoverable amount, so that provision is made for any further liabilities that might arise and so that fixed assets are reclassified as current assets.
## **2. INVESTMENT INCOME**
## **3.**
|Bank account interest
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent examiner's fees|2025
£
269
2025
£
3,914
-|2024
£
-|
|---|---|---|
|||2024
£
3,914
1,400|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
## **Directors**
M Hardy received remuneration of £32,983 (2024: £16,760) for her role as nursery manager.
## **Trustees.**
No trustee received remuneration during the year (2024: nil).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Manager
Other staff|2025
1
4
5|2024
1
4|
|---|---|---|
|||5|
No employees received emoluments in excess of £60,000.
Page 9
continued...
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Nursery
142,498
3,914
**EXPENDITURE ON**
**Charitable activities**
Nursery
123,013
3,914
**NET INCOME**
19,485
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
12,093
-
**TOTAL FUNDS CARRIED FORWARD**
31,578
-
**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Short
and
leasehold
fittings
Equipment
£
£
£
**COST**
At 1 August 2024 and 31 July 2025
7,649
21,829
62,498
**DEPRECIATION**
At 1 August 2024
7,649
21,829
54,672
Charge for year
-
-
3,914
At 31 July 2025
7,649
21,829
58,586
**NET BOOK VALUE**
At 31 July 2025
-
-
3,912
At 31 July 2024
-
-
7,826|Total
funds
£
146,412|
|---|---|
||126,927|
||19,485
12,093|
||31,578|
||Totals
£
91,976
84,150
3,914
88,064
3,912
7,826|
Page 10
continued...
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025**
|**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Trade creditors
Accruals and deferred income
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
**11.**
**MOVEMENT IN FUNDS**
At 1.8.24
£
**Unrestricted funds**
General fund
31,578
**TOTAL FUNDS**
31,578
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
173,635
**Restricted funds**
Outdoor grant
3,914
**TOTAL FUNDS**
177,549|2025
£
4,364
13,248
6,886
24,498
2025
£
-
2025
£
4,364
-
Net
movement
in funds
£
27,692
27,692
Resources
expended
£
(145,943)
(3,914)
(149,857)|2024
£
4,284
-
10,904
15,188
2024
£
4,364
2024
£
4,284
4,364
At
31.7.25
£
59,270
59,270
Movement
in funds
£
27,692
-|2024
£
4,284
-
10,904|2024
£
4,284
-
10,904|
|---|---|---|---|---|
||||15,188||
||||2024
£
4,364
2024
£
4,284
4,364
At
31.7.25
£
59,270|2024
£
4,364|
|||||2024
£
4,284|
|||||4,364|
||||59,270||
|||27,692|||
Page 11
continued...
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.8.23
in funds
£
£
**Unrestricted funds**
General fund
12,093
19,485
**TOTAL FUNDS**
12,093
19,485
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
142,498
(123,013)
**Restricted funds**
Outdoor grant
3,914
(3,914)
**TOTAL FUNDS**
146,412
(126,927)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.8.23
in funds
£
£
**Unrestricted funds**
General fund
12,093
47,177
**TOTAL FUNDS**
12,093
47,177|At
31.7.24
£
31,578
31,578
Movement
in funds
£
19,485
-|At
31.7.24
£
31,578|
|---|---|---|
|||31,578|
|||19,485|
|||At
31.7.25
£
59,270|
|||59,270|
Page 12
continued...
**CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Outdoor grant
**TOTAL FUNDS**|Incoming
resources
£
316,133
7,828
323,961|Resources
expended
£
(268,956)
(7,828)
(276,784)|Movement
in funds
£
47,177
-|
|---|---|---|---|
||||47,177|
## **12. RELATED PARTY DISCLOSURES**
The Trustees, where applicable, pay fees in respect of their children on the same basis as other parents.
Page 13
## **CATERPILLAR NURSERY (LEAMINGTON SPA) LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 July 2025**
|**INCOME AND ENDOWMENTS**
**Investment income**
Bank account interest
**Charitable activities**
Parental fees
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages and subcontractors
Social security
Other staffing costs
**Support costs**
**Management**
Premises costs
Administrative costs
Depn of equipment
Bank loan interest
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2025
£
269
49,452
127,828
177,280
177,549
111,577
4,031
3,184
118,792
18,779
5,288
3,914
168
28,149
2,916
149,857
27,692|2024
£
-
67,849
78,563|
|---|---|---|
|||146,412|
|||146,412
91,385
952
2,285|
|||94,622
16,249
6,416
3,914
274|
|||26,853
5,452|
|||126,927|
|||19,485|
This page does not form part of the statutory financial statements
Page 14