**LITTLE OAKS NUSERY LEEDS LTD Charity Registration No. 1107390 Company Registration No. 05144787**
## **TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31ST MARCH 2022**
## **LITTLE OAKS NURSERY LEEDS LTD**
**Annual report and financial statements for the year ended to 31[st ] March 2022**
## **Contents**
## **Page:**
|1|Legal and administrative information|
|---|---|
|2|Trustees’ annual report|
|7|Statement of trustees’ responsibilities|
|8|Statement of fnancial activities|
||(incorporating statutory income & expenditure account)|
|9|Balance sheet|
|10|Notes to the fnancial statements|
## **LITTLE OAKS NURSERY LEEDS LTD**
## **Legal and administrative information**
The Trustees at 31[st] March 2022 were:-
Ian Blackburn Chair Diane Wood Robinson Jen Green Nursery Manager: Stephanie Jackson Registered Office: Ireland Wood Primary School Raynel Gardens Leeds LS16 6BW Charity Registration Number: 1107390 Company Registration Number: 05144787 Accountants: Paul Kelly & Co 117 Carrbottom Road Greengates Bradford BD10 0BD Bankers: Santander UK plc Bridle Road Bootle Merseyside L30 4GB
1
## **LITTLE OAKS NURSERY LEEDS LTD**
## **Report of the trustees for the year ended 31[st ] March 2022**
The Trustees present their report and unaudited accounts for the year ended 31[st] March 2022.
## **Introduction and overview**
Little Oaks Nursery Leeds Ltd (LONLL) is a charitable company limited by guarantee which was established in June 2004. Its purpose as a Third Sector organisation is to provide childcare and education for children under school age, supporting children and their families through early intervention strategies and initiating referrals to external agencies as required. The reach area it covers as defined by the local authority (Leeds City Council) consists of Tinshill, Ireland Wood, Cookridge, Holt Park, Bramhope and Adel. The Nursery is located within Ireland Wood Primary School and has an excellent working relationship with the school. The head teacher Mr I Blackburn chairs the Nursery’s management committee.
Data monitoring of the nursery’s development confirms that nursery continues to support families from the most disadvantaged areas of the local community and ensures working families have access to affordable childcare. Early intervention helps to identify when children need additional support and this is put in place in a timely manner to ensure good outcomes for every child attending. Referrals to external organisations and agencies are made as needed to ensure families receive the support they need. This includes support with housing, debt advice, addiction, parenting skills and referrals to health professionals. The nursery received an overall good grade in its Ofsted childcare inspection on 20[th] March 2018.
## **Structure, Governance and Management**
## _**Legal status**_
The legal status of Little Oaks Nursery Leeds Ltd is that of a Company Limited by Guarantee established in 2004.
## _**Governance**_
As a company limited by guarantee the company relies completely on parents of children attending the nursery to be trustees and members of the management committee. The management committee consists of nursery parents and oversees the day-to-day nursery business and its appointed management. The chair of this management committee has line management responsibility for the nursery manager.
The Management Committee of Little Oaks Nursery Leeds Ltd meets three times a year. In the autumn, spring and summer terms. The group overviews the running of the nursery, its financial affairs and has responsibility for submitting accounts and relevant reports to Companies House and the Charities Commission as well as performance managing the nursery manager and deputy. This responsibility falls to the chair who acts on behalf of the management committee.
2
## **LITTLE OAKS NURSERY LEEDS LTD Report of the trustees (continued) for the year ended 31[st] March 2022**
## _**Trustees**_
Details of the Trustees who have served during the year are listed on page 1.
None of the trustees had any personal beneficial interests requiring disclosure.
The Trustees are trained in their duties by longer serving trustees / members of the management committee and management team.
## _**Risk management**_
The Trustees examine the major risks that the charity faces each financial year. The charity is satisfied that the systems are in place to mitigate its exposure to the major risks.
The major risk areas to which the charity is exposed as identified by the trustees are as follows:
- Child Welfare/Protection- The level of childcare is inspected by Ofsted. LONLL follows Early Years Foundation Stage (EYS) guidelines.
- Data Protection - LONLL is registered with the Information Commissioners Office and has policies covering Record Keeping and Confidentiality, Planning Observation, Monitoring and Assessment, Data Protection Principles and Safety Guidance with Schools and Services.
- Health and Safety – LONLL has a comprehensive Health and Safety Policy.
- Computer breakdown/loss of data – LONLL undertakes regular onsite system backups and has an external IT support provider.
- Cash on site – Cash/Valuables are kept in a locked safe onsite only accessible by the Nursery Manager and Business Manager.
LONLL has in place a comprehensive insurance policy covering all aspects of its activities and the risks involved. All policies and procedures are reviewed annually.
## **Objectives and Activities for Public Benefit**
## _**Objects**_
The objectives for which Little Oaks Nursery Leeds Ltd was established are set out in the Constitution and are _“to enhance the development and education of_
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_children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children._
- _Offer appropriate play, education, care facilities, together with the right of parents to take responsibility for and to become involved in the activities. Ensuring that such opportunities are offered to all children whatever their race, culture, religion, means or ability._
- _Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs._
## **LITTLE OAKS NURSERY LEEDS LTD**
## **Report of the trustees (continued) for the year ended 31[st] March 2022**
- _**Activities for public benefit**_
In summary the purpose of the nursery is to “to provide care, education and support families primarily from the local community with equality of access, regardless of ability, gender, race or culture”. The nursery provides this by using the EYFS criteria as guidance for this work.
The core purpose of nursery is:
- Child development and school readiness
- Parenting aspirations and parenting skills
- Child and family health and life chances
The Nursery continues to provide all these services for the community in which it serves.
The above activities accomplish the charities ongoing aim to further its purposes for the public benefit. In undertaking these objectives and activities, the trustees have had regard to Charities Commission guidance on public benefit.
## **Achievements and Performance**
Little Oaks Nursery Leeds Ltd continues to offer 86 full-time equivalent child care places each day for children under school age. Children attend for a variety of sessions throughout the week from 15 hours government funded places, for some 2 year olds (subject to qualifying criteria) and universally for 3 and 4 year olds known as Free Early Education Entitlement (FEEE). The nursery provides an additional 15 hours FEEE to 3&4 year olds to qualifying families. It also offers full time places of 10.5 hours per day mostly used by parents in work or in training.
Other achievements include:
- Receiving a good grade across EYFS outcomes in the Ofsted childcare inspection (March 2018),
- Improving support for and promoting good mental health throughout the setting.
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- Continuing focus on the quality of provision for all nursery and service users.
- Making improvements to the management structure within the nursery.
- Reducing the impact the pandemic has had on children’s development and ensuring provision effectively meets these needs.
- Supporting families to access services to ensure good outcomes for children.
For the review period April 2021 – March 2022 LONLL continues to self-assess the nursery’s services to ensure the provision meets the needs of the families attending the nursery. Data is collected regularly to ensure the needs of the community if reflected in provision and this is used to set annual targets.
5
**LITTLE OAKS NURSERY LEEDS LTD**
**Report of the trustees (continued) for the year ended 31[st] March 2022**
## **Financial Review**
During the 2021-22 year the nursery made a deficit. During the year it experienced increased costs including salaries, a reduction in funding, lower sales revenue and high repair costs.
All funds received by the nursery take the form of Income from Childcare, Grants and Funding. Income from childcare is general income and is used primarily to cover operational and administration costs of providing childcare.
## **Reserves Policy**
The Nursery’s policy on reserves is to keep them at a level to cover three months expenditure necessary to keep the nursery running. The main expenditure is wages and salaries which are covered within the policy as well as other operational costs. Where reserves are in excess of the policy the nursery looks to improve the facilities and therefore, improve the quality of service provided.
At 31[st] March 2022 the free reserves of the charity amounted to £170,698 (2021: £232,941) which is equivalent to 3.6 months of total expenditure (2021: 4.9 months)
## **Investment Policy**
In accordance with the Trustee Act 2000, the trustees continue to review their investment policy to ensure that the maximum investment returns are achieved, while not compromising the operational requirements and having regard to the acceptable level of investment risk.
Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are no funds for long term investment. Having considered the options available, the Board of Trustees have agreed that the reserve fund should be kept in a high interest deposit account. As with most bank accounts interest rates have been disappointing this year and the trustees continue to look at other bank and investment products for competitive options and alternatives.
## **Commitments**
The Trustees had made no commitments to future capital purchases, nor given any guarantees, at the balance sheet date.
## **Post Balance Sheet Events**
The Trustees are not aware of any events after the balance sheet date which has any material effect of the position presented in these accounts.
6
## **LITTLE OAKS NURSERY LEEDS LTD**
## **Report of the trustees (continued) for the year ended 31[st] March 2022**
## **Plans for Future Periods**
## **To maintain financial stability to ensure that childcare and services provided by Little Oaks Nursery Ltd can be maintained even during periods of financial uncertainty.**
LONLL continues to use its cloud-based Accounting and Payroll software. This has proved to be a more streamlined and efficient system providing up to date information on a more accessible platform. This information is used in regular monthly management team meetings which continue to be developed further to monitor progress across the Nursery as a whole.
The Nursery focused on the Administration and Management structure within the organisation and continues to do so. The outcome has been better structure as a whole and improved communication. Monthly meetings of the Administration, Management and Governance functions continue to improve the overall running of the Nursery.
LONLL intend to limit future investment to items that are strictly necessary to maintain the high level of service offered. They are also looking at all available cost savings to reduce the outgoings and provide financial stability in the recent challenging times. There are not currently plans to add new features but just to ensure current items are maintained.
## **Small Company Exemption**
The Charity has taken advantage of the exemptions available to small companies in preparing the Report of the Trustees.
## **Audit Exemption**
The decision not to undertake an audit is due the new charities statutory audit threshold introduced in March 2015 increasing the threshold to £1m. The total incoming resources to March 2022 were £541,031.
The Trustees also felt that with the uncertain economic climate and the question marks over Nursery Funding it would be prudent to reduce costs.
To maintain the level of Governance the audit provided the Charity will have their accounts looked at by independent advisors, ensuring that the level of assurance remains high. The duties of the current reporting accountant continue to be extended to undertake many of the financial safeguards provided by an audit.
The Trustees are using the Charities Commission guidance CC15c Charity reporting and accounting: the essentials March 2015 to assist them in developing
7
this new process. Even though the charity is by SORP definition a Smaller Charity, it still intends to produce its annual report and accounts following the applicable SORP for Larger Charities.
Approved by the Board of Trustees on 1[st] December 2022 and signed on its behalf by:
## **Ian Blackburn Director & Chair LITTLE OAKS NURSERY LEEDS LTD**
## **Statement of trustees’ responsibilities**
The trustees (who are also directors of Little Oaks Nursery Leeds Ltd for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law require the trustees to prepare financial statements 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 that year. In preparing those financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- Observe the methods and principles in the Charities SORP;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate 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 statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company’s auditor is unaware; and
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- The trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of the information.
## **Ian Blackburn Director & Chair**
**Date:** 1[st] December 2022
## **LITTLE OAKS NURSERY LEEDS LTD**
**Statement of financial activities for the year ended 31[st] March 2022 (incorporating statutory income & expenditure account)**
||**NotesUnrestricted**|**NotesUnrestricted**|**Restricted**|**Restricted**|**2022**|_2021_|_2021_|
|---|---|---|---|---|---|---|---|
||**Funds**||**Funds**||**Total**|Total||
|||**£**||**£**|**£**||£|
|**INCOMING RESOURCES**||||||||
|**Incoming resources from generated funds**||||||||
|Voluntary income|2|**-**||**-**|**-**||_5,162_|
|Investment income||**21**||**-**|**21**||_403_|
|**Incoming resources from charitable activities**||
3||**541,010**|**-**||**541,010**|
||_556,288_|||||||
|||______|______||_______|_______||
|**Total Incoming Resources**||**541,031**||**-**|**541,031**||_561,852_|
|||______|______||_______
|_______||
|**Resources Expended**||||||||
|Costs of generating funds||-||-|-||_-_|
|Charitable activities|4|**604,152**||**-**|**604,152**||_586,935_|
|Governance costs|5|**7,200**||**-**|**7,200**||_8,960_|
|||______|______||_______|_______||
|**Total Resources Expended**||**611,352**||**-**|**611,352**||_595,895_|
|||______|______||_______|_______||
|**NET INCOMING**||||||||
|**RESOURCES FOR THE YEAR**||**(70,321)**||**-**|**(70,321)**||_(34,042)_|
|||______|______||_______|_______||
|**NET MOVEMENT IN FUNDS**||**(70,321)**||**-**|**(70,321)**||_(34,042)_|
9
Balances brought forward at 1[st] April 2021
**454,584**
**454,584**
**-**
_488,626_
**BALANCES CARRIED FORWARD AT 31[st] MARCH 2022**
________ ______ _______ _______ **£384,263£ - £384,263** £454,584 **________** ______ ________ _______
The statement of financial activities includes all gains and losses recognised in the year and relates to continuing activities within the United Kingdom.
10
## **LITTLE OAKS NURSERY LEEDS LTD (company number 05144787)**
|**Balance sheet at 31st March 2022**
**Note**
_2021_
**Fixed assets**
Tangible fxed assets
7
_264,976_
**Current assets**
Debtors
8
Cash at bank and in hand
_233,702_
_276,428_
**Liabilities: amounts falling due**
**within one year**
9
_(43,487)_
_______
**Net current assets**
_232,941_
_______
**Total assets less current liabilities**
_497,917_
**Liabilities: amounts falling due**10
**(33,333)**(43,333)
**after one year**
_______
_______
**Net assets**
_£454,584_
**Funds of the charity**
Unrestricted – general
_454,584_
Restricted
**Total funds**
_£454,584_|
_|**2022**
**£**
_£_
**246,898**
**14,015** _42,726_
**217,851**
_______
_______
**231,867**
**(61,168)**
_______
**170,698**
_______
**417,596**
_______
_______
**£384,263**
_______
_______
**384,263**
-
_-_
_______
________
**£384,263**|
|---|---|---|
For the financial year ended 31st March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year ended 31st March 2022 in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the board of trustees on 1[st] December 2022 and signed on its behalf by:
## **Ian Blackburn**
## **Director & Chair**
The notes on pages 10 to 16 form part of these financial statements.
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**LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022**
## **1 Accounting Policies**
## **Basis of Preparation**
The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards and the Companies Act 2006. They have been drawn up to comply with the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) effective 1[st] January 2015.
The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small entity and a separate statutory income and expenditure is not reported on the grounds that the relevant information is clearly identifiable in the Statement of Financial Activities.
## **Going Concern Basis of Accounting**
As with many voluntary organisations the charity is dependent on renewing and securing new funding sources to replace current short term contracts and grants. Based on available information the trustees consider that the charity can continue in operation for the foreseeable future and accordingly the financial statements are prepared on a going concern basis.
## **Fund Accounting**
Monies earmarked by the awarding body are accounted for separately, in Restricted Funds. The notes to the accounts show the movements and balances on any such restricted funds. Unrestricted funds may be spent on any legitimate charitable aim as laid down in the Charity’s memorandum of association.
Unrestricted funds are held in the general reserve except to the extent that the trustees consider it appropriate to make transfers to designated funds.
The charity’s accounting systems allocate all income, expenditure, assets, liabilities and reserves between these funds. The statement of financial activities shows separately the income, expenditure and any transfers relating to restricted funds, designated funds and general reserves. Assets and liabilities attributed to each fund are disclosed in the notes to the financial statements
## **Tangible Fixed Assets**
Tangible fixed assets are stated at cost or valuation less depreciation, except buildings. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of the assets over their expected useful lives, as follows:-
|ul lives, as follows:-||
|---|---|
|Buildings|4% straight line basis|
|Ofice equipment|20% straight line basis|
|Fixtures & fttings|20% straight line basis|
A regular annual review of the likelihood of asset impairment is undertaken. The basis of this review is to examine the assets in their current use and ensure that the current value is not materially different from the value reported in the annual financial statements.
13
## **LITTLE OAKS NURSERY LEEDS LTD**
## **Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
## **1 Accounting Policies** _(Continued)_
## **Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- _**Voluntary income**_ is received by way of grants, donations and gifts (including gifts in kind). These amounts are included in full in the Statement of Financial Activities in the year in which they are receivable. The value of services provided by volunteers has not been included.
- _**Grants,**_ where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Where grants are received during the year in respect of future periods, the amount of the grant, which relates to the future periods is shown as deferred grants and is included within creditors. For grant income which is related to performance and specific deliverables, is accounted for as the charity earns the right to consideration by its performance.
Income arising from grants and similar contracts specifically for the provision of activities or services which are provided as part of the charitable activities of the company is recorded under the heading of incoming resources from charitable activities.
## **Resources Expended and Irrecoverable VAT**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Charitable Activities**
Costs of charitable activities represent costs attributable to the charitable objectives of the charity.
## **Governance Costs**
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice, such as accountancy fees.
14
## **LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
|**2**
**Voluntary Income**
Donations, fund raising and other income
_5,162_
**3**
**Incoming Resources from Charitable Activities**
Childcare fees
_148,647_
Nursery and other grants:
Leeds City Council
Nursery Education Grants
_241,551_
Related additional grants
Outreach Funding Via Ireland Wood Primary school
Maternity cover, salary contributions and similar
_96,397_
Inclusion support
_36,805_
_£556,288_|**2022**
_2021_
**£**
_£_
**-**
_______
_______
**£-**
_£5,162_
_______
_______
**2022**
_2021_
**£**
_£_
**246,265**
**237,314**
**2,404**
_4,511_
**-286**
_28,376_
**4,602**
**50,712**
_______
_______
**£541,010**|
|---|---|
15
## **LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
|**4**|**Charitable Activities**|||
|---|---|---|---|
|||**2022**||
||_2021_|||
|||**£**|_£_|
||**Direct costs and consumables**|||
||Room consumables|**4,082**|_3,945_|
||Kitchen costs|**18,040**|_10,581_|
||Purchases from funding|1**33**|_33_|
||Other costs|**671**|_143_|
|||__________
__________||
|||**22,926**|_14,702_|
|||_________|________|
||**Employee costs**|||
||Staf costs_(see note 6)_|**431,123**||
||_470,209_|||
||Temporary staf and recruitment|**62,468**|_7,596_|
||Training, development and welfare|**3,372**|_6,152_|
||Travel and subsistence|**16**|_45_|
||Motor expenses|**-**|_107_|
||HR support|**1,123**|_4,961_|
|||__________
__________||
|||**498,103**||
||_489,070_|||
|||_________|_________|
||**Premises costs**|||
||Rent|**(7,000)**||
||_(5,050)_|||
||Rates|**1,346**|_-_|
||Repairs and maintenance|**-**|5,164|
||Light and heat|**7,749**|_9,202_|
||Cleaning, hygiene, disposal & refuse|**32,240**|33,027|
||Depreciation - building|**14,427**|_14,426_|
||Depreciation – fxtures and fttings|||
|**3,304** _6,535_||||
16
__________ __________
||**52,067**|_63,304_|
|---|---|---|
||_______|_______|
|**General administrative expenses**|||
|Telephone and internet|**2,481**|_3,127_|
|Postage|**37**|_465_|
|Ofice consumables|**4,096**|_2,307_|
|Subscriptions|**2,166**|_1,225_|
|Loan interest
||**908**|
|-|||
|Insurance|**4,081**|_3,688_|
|Security and safety equipment|**1,143**|_2,367_|
|Computer and software|**5,708**|_4,417_|
|Depreciation – ofice equipment|**785**|_935_|
|Equipment repairs & maintenance|**829**|_455_|
|Bad debts|**-**|_-_|
|Legal fees, advertising and public relations||**7,358**|
|_299_|||
|Sundry expenses|**1,465**|_483_|
||__________|__________|
||**31,056**|_19,859_|
||__________|_________|
||**604,152**||
|_586,935_|||
||_________|_________|
## **LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
|**5**|**Governance Costs**||||
|---|---|---|---|---|
|||**2022**||_2021_|
|||**£**||_£_|
||Accountancy|**7,200**||_8,960_|
|||_______|_______||
|||**£7,200**||_£8,960_|
|||_______|_______||
|**6**|**Staf Costs**||||
|||**2022**|||
|||**£**||_£_|
||Wages & salaries|**403,403**|||
||_440,699_||Social||
|security costs||**21,342**||_22,715_|
||Employers pension contributions||||
|**6,378** _6,796_|||||
|||_______|_______||
17
**£431,123**
_£470,209_
_______ _______
The trustees received no remuneration. Trustees’ were not reimbursed for any travel or meeting expenses, etc. No employee earned £60,000 p.a. or more. Reimbursed expenses, which are all subject to the charity’s processes of internal controls, do not form part of remuneration and are not included above.
The average number of employees (including part-time, but excluding trustees) was:-
|ber
Administration and management
Kitchen
Childcare
**Staf costs and resources expended**
**Staf**
**Depreciation**
**and related**
**costs**
**£**
**£**
Costs of generating funds
**-**
**-**
Charitable activities
**431,123**
**18,516**
_586,934_
Governance costs
**-**
**-**
_______
_______
**£431,123**
**£18,516**
_£595,894_|**2022**
2021
**Number**
**4**
_4_
**2**
_2_
**24**
_24_
_______
_______
**30**
_30_
**_______**
**_______**
**Other**
**2022**
_2021_
**costs**
**Total**
_Total_
**£**
**£**
_£_
**-**
**-**
_-_
**154,513**
**604,152**
**7,200**
**7,200**
_8,960_
_______
_______
_______
**£161,713 £611,352**|
|---|---|
## Number
## **LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
## **7 Tangible Fixed Assets**
|**ngible Fixed Assets**|||||
|---|---|---|---|---|
||**Nursery Fixtures &**||**Ofice**||
||**Building**|**Fittings Equipment**||**Total**|
||**£**|**£**|**£**|**£**|
|**Cost**|||||
|As at 1stApril 2021|360,663|123,521|32,027516,211||
|Additions|-|438|-|438|
|Disposals
|-|-|-|-|
||_______|_______|_______|_______|
|As at 31stMarch 2022|360,663|123,959|32,027516,649||
18
|**Accumulated Depreciation**
As at 1stApril 2021
Charge for the year
Eliminated on disposal
-
As at 31stMarch 2022
**Net Book Value**
**At 31st March 2022**
_At 31st March 2021_
_£264,976_|_______
_______
_______
_______
104,705
115,793
30,737251,235
14,427
3,304
785
18,516
- -
-
_______
_______
_______
_______
119,132
119,097
31,522269,751
_______
_______
_______
______
**£241,531**
**£4,826 £505**
**£246,898**
_______
_______
_______
_______
_£255,958_
_£7,728_
_£1,290_|
|---|---|
The Nursery is erected on land owned by Leeds City Council over which the charity has no
formal lease.
## **8 Debtors**
|Debtors due in the ordinary course of activities
_13,895_
Prepayments
Other debtors
_£42,726_|**2022**
_2021_
**£**
_£_
**11,674**
**2,341** _27,960_
**-**
_871_
_______
_______
**£14,015**|
|---|---|
## **LITTLE OAKS NURSERY LEEDS LTD**
**Notes to the financial statements for the year ended 31[st] March 2022** _**(Continued)**_
## **9 Liabilities: Amounts Falling Due Within One Year**
**2022** _2021_ **£** _£_
19
Bank Loans **10,000** 6,667 **-** _-_ Creditors due in the ordinary course of activities Accruals **30,283** _27,337_ Other taxes and social security costs **14,697** 4,741 Other creditors **6,188** _4,741_ _______ _______ **£61,168** _£43,487_ _______ _______
## **10 Liabilities: Amounts Falling Due After One Year**
**2022** _2021_
**£** _£ £43,333_ _______ _______
Bank Loans
**33,333** 43,333
_______ _______
## **£33,333**
## **11 Taxation**
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.
Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs within the Statement of Financial Activities and capital additions.
## **12 Capital**
Little Oaks Nursery Leeds Ltd is a charitable company, limited by guarantee and has no share capital. The members have agreed to contribute £1 each to the Charity’s assets in the event of it winding up, if its assets should prove insufficient to cover its liabilities.
## **13 Controlling Party**
The charity is considered to be under the control of the board of trustees.
20